Charfty regystralion number 1102293 Company registratlon number 49422061England and Wales) EVERY NATION LONDON ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 "AC09N4 2W03r2023 COMPANIES H(XJSE Alo
EVERY NATION LONDON LEGAL AND ADMINISTRATIVE INFORMATION Truytees W Eckleben C Lugt W Schcrt)nraal P Ho*tll S•cr•tary T Sheppard Charity nuMr 1102293 Company number 49422C6 Roglslergd offlco Clo Fufham Boys Schwl 9 BeaumontAvenue London -VV14 9LP Auditor Jacob Cavenagh & Skeel 5 Rotxn Hood Lar Sutton SuThey SM12SW Banke Bardays Bank Pl¢ United Kingdom House 7th FIOL 180 Oxlord stet London W1D 1EA
EVERY NATION LONDON CONTENTS Page Trustees. report Independent audilorfs rew¢ Statement ol financial &livrts Balance sheet 10 Stslement ol cash ll¢yws 11 Notes to the fffjancial statements 12-24
EVERY NATION LONDON TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 30 JUNE 2022 The Iruslees present their annual report aNJ finarKial statements for the year ended 30 June 2022. The financial stslements havè been prepared in accordance Vith the axounling policies sel out in note 1 to the financial stslements and comply the ¢hariVs Memorandum of Associab'on. the Companies Act 2006 and 'Accounling and Reporting by Charities.. Statement of RecommerKled Practice applieable to tharities preparing their a¢untS in accofdance with the Financial Repo.ng Standard apble in the UK and Republie of Ireland IFRS 1021 (effective 1 January 20191" Objectives and activities The activities of the charity are for wL)lic benefft accotdiro lo the objeth.ves as set out in the Memorandurn and Artides ofAssociation as accepted on the eThty third day of October 2003. In summary the objectives of the charty are to "advance the chrisb.an farth" lo thance educatw in accordance wth Christon prinryples" and 'lo relieve persons who are in conditions of need and har(15hip". The trustees. policy is to ensure Ihat the resources avaikble to the company are effectively MinIStered to the fijlfilmenl of the intent of the objectives of the Memorandum arKI Ath"cles of As50a"ation, and in accordance with the requiTemenls as prescribed by the Charity Commisson. These obj'eclives remain unchanged, and in planning the activities the Charity has tsken into considerab.on the guidance of the Charity Commission in providing public benefft. Our core •¢liviiies Our staled mission lo fij1 our legal obJ"eetives is "to glonfy God by making disciples and making a difference." in the city. on campuses, in our c0mmunrts. and in the nalK)ns through churth plantmg." All of our core activrties are towards this end. and include.. . Gathering.. Congregation gatherings in three Ictations.. Kennglon. Strattord, and Slough. . Connectlng: Comrnunty Connect Groups that meet across London. . Growing: The Follow Course. an intentional three-part ioumey by vthich V help all who desire to know God and grow in their faith. Plus vanous other seminars to help people lo grow hdisticalty. . Going: To fulfil the mission of the church lo make disaples and make a difference. In addth"on, we have an acb.ve children's. youth, student ministry. and fun prwams to strengthen marriages and lamilies. Beyond our local ¢ongregations we a actNely invdved in equipping and supportin9 Other churches across Europe wth ministry skJ"Ils training, resoureirKJ. and leadership development and support. a confident that our focus on these ctye adivits.es is re$ulliThJ in the strong fulfilmenl and advancing our mission. Achievemenls and perfornian This financial yeaf stsrted as Cowd $triCt$ tre beginning lo lrft and the chu was able to luM to unre$tri¢ted gatherings. All our congregations were able lo continue in their venues and saw a strong return and even post Covid growth. A swnificant event for the church was in January 2022 when our Founding Pastor Wolfgang Eckleben was diagnosed wth Canr. The elders, staff and leadeiship teams did a magnificent of covering as needed. and this lumed out to be a grovrth catatysl in many ways. It also acerated the process of idenlfying and preparing a Lead pastor succession aTr for the V4est kensington Congregation. 7Mth the aim of appointing a new lead pastor couple in January 2023_ A few other highlights of the year were". The Wesl Kensington corKJTegabon has a speufic OFQttJnty lo ClinUe the lease of Ihe Vhole Beaumont Avenue building wlth only a 10 week notice period. In December we We notified by the landlord that the lease would end in early 2022. and that there was no option for us to stay. The end date kept being extended, and eventually we negotiated lo &gn a new one year sub-lease with new main tenant5 of the building. This was finalised in August 2022 arKI we moved to the east wng of the building.. We will be negobaling for an extension on this lease early in 2023. We started an outreach group in Hun.dOrt, near Cambridge. and this is building momentum towards being another plant in 2023. They are opefating as a separate financaal department wrthin Every Nation London. Our Slough congregation had a EeadeTship tran"On ryth Greg and Suzanne Abreght reloeating to CardrN to lead a new thurch plant for us there.
EVERY NATION LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Aehievement and perfornian¢• {continuodl The Cardiff plant will start in 2023 and funcb.on undèr the eovering of the Every Nation London thanty . We conts.nued to invest in the wder GOEUROPE2040 vision, 1¢h is 'thal by God's grace we will plant a campu$-rea¢hing church in every European nation by 2040.. In partnership wrth our Europe Every Nation churches we have new works started in Lisbon. Glasgvm. Zagreb. aTrJ Sweden, aNJ doing missions and scouting tn.ps to vanous new nattons in Europe. Financial review The Ministry is entirely dependent on the freewll giving of the members of the c(ryefv' n. 11 was encouraging to See gOj grovrth in the number of individu¥s who regularly SUPFX)rt the ministry financially. Gross income remained rdatively the same compared to Ihe previcrtts year. and we ended the financial year % £355.28412021.£354.772) surplus overall. In this financial year post cowd all the congregations once more have been pawng for venue rental, but nevertheless the overall finanoal pOw1n was strong and ae to fund all our missional priorities_ We also received one very signif¢cant finanaal contributs'on in the West Ken&ngton congregation, with which we were able to funLI the development costs of the new meekn.ng space5 in the BeaumontAvenue building. Allocation of income Our general guidelines for giving alloca'on from gross chwch income thi5 yearwere as follows. 1 Ooh of gross church income is set aside for supwting the greater Every Nalion vision. half150AI of which is used for wional European apostolic ministry. and haw for the international apostolic ministry, all of which is in alignment with our ststed objectives The Directors confimi that the aetlvltles of both the Every Nation European and Internatnal mini5ty that we 5UPPOrt with these monies are fvlly in line with the stated objectives of our charrty. Every Natn Intematimal is acuedrted by the Evangelical Counul of Financial Accountability in the USA, the finanaal statements and acts'wlies published for public access and 5CTubny on the websrte at VMV4.ecfa.org. We receive quarterly report5 from the International funds lo account for income they have received from us. The EN Inlemalional Aposldit Team is tasked with the responsibilty of monitonng and direcling Ihe use of Ihe intemalional finances. Each congregats'on further contributes 15% of gross income to a central department lund whith fijnds am the a¢Xivrties and ministries which we deem lo be mcrte effectivety done in synergy, rather than as individual cOnggatIOns. These specifically include the finan(aal administration, senior ovelsight, website, database. HR fvnclions. combined events. missions. church planting initiatives The remainder of each congregalkjn's fwKls are used diredty iowards local congregation ministy costs. Reserves We aim to hold a general unrestricled reserye fund {the ¢(tingencY fund) of £70.000, which is roughty equivalent to three months, worth of operating budget_ This is deemed reSSary for ensuring uninlerrupled continuity of the activit$ of the MpanY &nce the regular tithes and offen'ngs are not in any way guaranteed. In the event that this contingency fijnd drops belcw this agreed minimum, cmjr policy is lo reset this contingency fund to this level at the end of every finarKial year from unrestrTrthd reserve (d$. In addilion to Ihe restricted property funds, y also have an unrestrithd fvnd"Comrwnity Presence Fund. which consists of general fvnds saved in prewous years and set aside for initialives and opportunities that arise for the purchase, lease, rent or refuth"shment of pfoperty by we are able to more effectively establish a Ksngdom presence in the heart of Ihe communty. At year end the West Kensington fund for this stands at £723,003. The European Churche5 Fund was in pJ*b"ve 30 June 2022, as Sho in note 14. At the end of the year. the charity had total reserve$ of £1.236.63812021.£881.3541, of t•thich £236,85312021.' £122.9491 were restrted, £732,371 12021.£379,088) we deggYiate(l and £267,414 12021.£380,8171 wer8 genero1 unrestn.cled funds.
EVERY NATION LONDON TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Grant making poli Every Nab'on supports new church F4ants in Europe are b.g planted by Every Nal¥)n churches irb Europe. The amounts and lengths of support are deuded by the trustees based on infom)alion provided by the churches. We do this because of OUT convith.on that planting rlew churches is one of the most effects've ways of advancing the objectives of our charity in the greater European nteXt. Risk managemenl The directors together the Finance Board aL#i¥dy conshyer the risks th81 the company faces on an ongoing basis and implement procedures and Contrds thrwh the slaff to manage arKI mitwe Ihose risks as they are identified. Safeguarding risks". The Heatth and Safety, Chdd Protecb"on. Data Protecti( functions are set and monitored by appcsintgd officers. Financial risks.. In the light of the consistency of ¢wr Irne levels over the past fthv years, and our reserve held. we do not rJJrrently foresee any factors that are likely to pul Ihe chanty's financial perfomwi¢e at risk. Future plans We believe th our core aclivities are ddivering strongly to fuhllling our mission. and therefore our main focus 1$ to continue nCentratIng on running these well. Areas in we wll be seekn.ng to advarKe and add in this financAal year and going forward indude.. In our Vlesl Kensington congregaticffi we will be actively seeking to secure a longer term lease on the whole or part of the building at no 7 BeaumontA¥enue. Further our reserve funds are held for the purpose of estsblishing a pemianenl place ol presence in this communty through the purchase and redevelopment of a suitable property. We contsnue to save for this purpose as we are able. recognisiry thal Ihis wil rulre a vast sun in the area of LorKlon vthere we believe we are calkd to be preserrt as a church. 3. We wll be acts.vely involved through leadership. finances ard missions in supporting a number of new church plants in Europe. induding the NethertarKls. Glasgow. Romania. Portugal and Sweden 4. In summer 2023 we will start a new church plant in Cardfft, Wales. Budget for 2022123 The budget set for the next finanaal year 2022123 was largety unchanged from the year prior covid, except for inflationary increases to salaries, and the increased costs for the property lease of BeaumontAvenue. The board and eldership are ¢lfident that the new bLKlget reflects the mini5ty prioritbes for the next year. Structuret governance and management The charity is ntrOlled by rts governing document, Memorandum and Artides of Assoualion, and constslutes a limrted company. limited by guarantee. as defined by the Companies Act 2006. The trustees. who are also Ihe ithredors for the purpose of ¢panY law. ar who 5er¥ed during the year and up to the date of gnatUre of the financial statements were.. W E¢kleben C Lu9t W SchLwnraad P Howell The Board of Director$ appoinls new directors for renvwable terms of Ihree yea. We use re5Jr¢es producd by Stewardship servi to induct new trustees aThJ for (KvJ(xng trustee trainirwJ. The Trustee5 of Every Nati( London congst of a seleclicm of member5 of the Eldership and Finance Board. Our churth Eldership oversees the overall spiritual leadership direth.on of the ehurth, and Finance Board oversees and monrtors the finan management and reporbng.
EVERY NATION LONDON TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Thi5 year the Eldership consi$led ot. Liz Lugt (Chairperson of the Eldership) Alex Lugt Wolfgang Eckleben Alison Eckleben Daniel Smart Amanda Smart This year the Finance Boarrj consisted of. in additKin to th8 Directors: Mr Paul Howdl (Chairperson) Mrs A Schoonraad Mr Matt Whrte Mr D Oaniel Mrs Terry-Lin Sheppard 1$ also appointed as an thisor to the board and 15 contracted to complete all finance reporting. Staff and volunteers Both the Eldership and Finance Board delegate exeuJb"ve luncb.ons lo the senior paslofs and congregation pastors (Andrew Holmes & Gw Albrechtl. who lead the staff and volunteers to fulfil the missK)n. The Finance Board and congregation pastors comprise the key management personnel of the church. The majority of the work of the chanty is ¢Jone by committe(I volunteers we employ a number of staff in Il-time and part-time posrtions fof a variety of pasloral. Miss1 and administrative functions. Avefage number full time staff for this period.. 9 Average number of part-time staff for this pellod. S . Average Partner SUP[rted staff {wrth part supwrt from Every Nation): 6 Intems.. 1 RemuneTation All salanes. remuneration and benefits decisions we made by the Finan Board. Pay gr*s of variou5 employment levels have been sel by comparison5 Various thufches mUneration reports, and comparalNe job$ in the wder market. Salary viewS tske place as part of the annual budget setttng exercise, and all increases are based on perfomiance reports from staff reviews. Any deasions relatsng lo the senior pastors or their latIveS are made by the Board in th[ absence. Wlder network Every Nation London is part of the world-wide family of Every Nation Churches and Ministries, wlK)se slated "ends" is that "we ex1 to honour God by establing Chrisl-Gentered. spirit-empowed, sOalty sponsible churches and campus mintstries in every natton." There are currently Every Nation thurehe$ in ovgr 80 nations of the worfd. We partner wlh the Every Nation family for the fijlfilmenl of our mission, church planting, resources. equipping. etc. Every Nation London commits 10% of rts gross income towards this wder work. with hall of this being directly managed frcAn r Lorthn accounts and applied to the work in Europe. and the other haff being managed by and reported by the Every Nation Intemats'onal office in Nashville. US. are also membefs of the Evangelical lianCe UK nce 1995.
EVERY NATION LONDON TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Statement ¢f trustees. responsibillties The trustees, who are also the dior5 of Every Natwi London for the PUTpose of wmpany law, a responsible preparing the Trustees, Report and the financtal statements in aCrdance th apicab law and United Kingdom Accounbng Standards (Unrted Kingdom Generalty Accepted Ants.ng Practs.l. Company Law requires the Ifuslees lo prepare financial ststements for each financial year which give a true and fair view ot the slate of affairs of the thanty and of the inming resources and applicab.on of resources. induding the income and expenditure, of the charilable company for that year. In preparing these financial statemerrts. ts trustees are requiod to." - sdect suitable accoting policies arKI then apply them Co$tenty.. - observe the methods and principtes in the Charrties SORP", - make judgements and estimates that are reasmable and prudent.. slate whether applicable UK Acnting Standafds have been folwed. subj'ect to any material departures 's¢losed and explained in the financial s&ements' and prepare the fin8n¢ial statements the gtyng concem basis unless rt is inapyoyiate to weswne that the charity will cliftye in operation. The Iruslees are respMsible for keeping adequate aCCoting records that disdose Tpth reasonable a¢¢uracy at any b.me the financial position of the charity and enable them to ensure that the ffinanual statements comply with the Companies Act 20C6. They are also responsible for safeguarding the assets of lh8 charity and hence for taking rea50rble steps for the pVenIl"0n and deleth.on of fraud and other irulats. Auditor In accordance the compan$ artides. a resolution prcwing that Jac4Jb Cavenagh & Skeet be reappointed as audrtor of the cornp will be put at a General PAeelitYJ. Dlsclosure of infomiation to audi¢or Eath of the trustees has confimie¢J that the is no information of which they are aware which is relevant lo the audit, bul of which the auditor is unaware. They have further cmfimied thèt they have taken appropriate steps to idenlfy such levant infomiation and to estat4ish that the alor is aware of suth inlomation. Concluslon We are confident that the a¢ts'vrties of Every NicMI Lonth)n, and the use of resources as dewibed above and detailed in the attached finanaal statements. rellect a committed pursuit and futfilment of the aims and objectives of Ihe Trust for the public interest, and that we are in a strong FQ5it1"on to continue fu111ng our misson to "make disciples ano make a dffterence.. The Part sle ' port wa5 ppared in accordan with the Special provisK)ns tab"n9 lo small companies within CompaniesAct 20C6 and approved by the Board of Trustees. ckleben Trustee Dated.. l.f.. MW.cH 2oz3 l eu%/0 i R&cTr£ 17 MtlRcN 2oL3
EVERY NATION LONDON INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EVERY NATION LONDON Opinion We have audite(l the finanei81 statements of Every Nation LorJon {the 'charity'} the year ended 30 June 2022 which comprise the statement of financial ath"vities, the balance sheet. the statement of cash flows and the notes to the financial statements. induding a summary ol significant ac(J)untsng policies. The financial reporbng framework that ha5 been applied in theif preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Rèporting Standard 102 The Financ1 Reporting Standar£l applubl& in the UK and Republic ol Ir8lan (United Kingdom GenefallyAccepted Accounting practi). In our opinion, the financial statement5'. give a true and fair view of the stsle of the dwritsble compan$ affairs as at 30 June 2022 and of ils IrQMIng resources and application of resources. including Its InMe and expenditure, for the year Ihen ended., have been pfopedy prepared in aeeordanee Unrted "rj1)n Generally Accepted AtLounting Prath'ce.. and have been prepare¢J in adan with the requirements of the Companies Act 2006. Basi5 for opinion We conducted our audit In accordance 7Mth Intemational Standards on Auditir¥J {UKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audrtorfs fesponsibilifies for the audrf or the linancial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo audrt of the financK41 statements in the UK. in¢luding the FRC'S Ethical standard. and we have fu111ed ow other ethical responsibilities in accOrdare with these requirements. We believe th8t the audrt evidence we have obtained is SLthaent and appropriate to provide a b8&s for our opirion. Conclusions relallng to going concem In auditing the finanual statements. we have conduded that the Irustees, use of the going concern basis of aecounts.ng In the prepats.0n of the financial statements is appropriate. Based on the work we have perfomRd. we have not identsfied any material uncertainlies relating to events or conditions that, Individually or colleth'vely, may cast SnffiCant doubt on the charity's abilrty lo continue a$ a going concem for a period of at least tsvelve months from when the finan Statements are authorised for issue. Our responsibilib'es and the responsibilrties of the trustees with re¥ect to going concern are described in the relevant sectn5 of this report. Other Inf¢miatbon The other information comprises the informatton induded in the annual rèport other than the financial ststements and our audrtorfs report Ihefeon. The truslees are responsible for the other information contained within the annual report. Our opinion on the financial ststements does not cover the other information and, except lo the extent othe5$8 expli¢itly ststed in our POrt, we ¢Jo not exyess any fomi of assuran¢e conclusion Ihereon. Our responsibility is lo read the other information and. in doing so. ConSer whether the other infomation is materially incon51slenl with the ffinancial statements or our knowledge obtained in the course of the audit. or olheThM$e appears to be materially misslaled. 11 we ldents.fy such material incon&stenues or apparent material misstalemenls. we are required to detemiine whether this gwes rise to a material misstatement in the financial stalemenls themselves. If. based on the work we have perfome(J. we cmclude that there is a material misstatement of this other infomiation. we are required to report that tscl. We have nothing to rep)rt in this regard. Opinions on other matters prnscrib•d by the Companies Act 21x16 In our opinion, based on the work undertaken in the course of our autjit.. the informion given in the trustees, report for the financial year for whith the finanoal statements are prepared. vthich includes Ihe directors, rep)rt prepared for the purposes of company law, is nsiStent with the financial sL*ements", and the direclors, retx)rt incIe vth"n the trustees. reFth has been pared in accordarte wth applicable legal feqvirements.
EVERY NATION LONDON INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF EVERY NATION LONDON Mattgrs on which we are requir to oport by exception In the light of the knowledge and underslanding of the charty and its environment obtained in the course of the audit. we have not identified material misstatements in the directOTS' report induded wrthin the trustees, report. We have nothing lo re1 in respect of the follow"n9 matters in relats.on to vhmch the Companies Act 20C6 requires us lo report to you rf, in our opinion". adequate accounting records have not been kept. or retwns adequate for our audit have not been received from branches not wsrte(1 by us., or the financial ststements are rK>t in agreement wsth the acub.n9 records and relums. or certain disdosures of twstees. remuneration sp)eufied by law are not made." or we have not recVe all the inlorrnation and exp1artionS we require kn our audfrt.. or the trustees were not entitled to prepare the financial stalemenls in accordance wrth the small companies regime and take advarrtage of the small cofflpantes, exemptions in preparing the Iwstees. ièport and from the requirement to Prepa a strnte9ic report. Responslbllltles of trust As explained more fully in the statefflent of Iru5tees' responsibilities, the trustees, vh) are a150 the directors of the charity for the purFose of company law. a reswnwble for the pparatsOn of the finanaal stslemenls and for being satisfied that they give a true and fair wsw. and for such intemal control as the trustees determine is necessary to enable the preparati1 of financia ststements that are free from material misststement, whether due to fraud ¢y error. In preparing the finanoal slalemenls, the trustees are responsible for assessing the charity's ability to eonts.nue as a going concem. disclogng, as applicable, matters related lo going concem and ussng the going concem basis of accounting unles$ the truslee$ wlher intend to h"quidate the ¢ttarilable MpanY or lo cease operations, or have no realistic aliemative tMJi to th) so. Auditorfs responsibilities for the audlt Of the finan¢i•l $tstements Our objectives are lo obtain reasonable assuran about whether the finaniial statements as a whole are free from material misslalement. vthether due to fraud or error, and Io issue an auditorfs report that includes our opinion. Reasonable assurance is a high le1 of assuran but is a guarantee that an audit c¢yNlucled in accordance with ISAS IUKI wll always detect a material misstatement when rt exists. Misslalemenls can arise from fraud or error and are considered maierial rf, irKlividually or in the aggregate. they could reasonably be expected to intluence the econom decision5 of users taken ori the basis ol these financial statements. The extenl to which our procedwes are capable of detecb.ng irwulariti"es. irUdIrj fraud. is detsiled below. Based on our understanding of the charity. we identsfied that the principal risks of non-compliance with laws and regulations related to employment and finanual reporting legislatson and we considered the exienl lo which non- compliance might have a material effect on the financol statements. also considered those laws ar regulation5 that have a direct impact on the weparation of the financial statemw)ts such as the Companies Act 2006 and the Charities Act 2011. IAÈ assessed the 5useeptibility ol the tharty's firla1 statements to material misstatement, irKluding obtaining an understanding of how fraud might cttur. by making enquiries of management, considering the internal controls In place and discuswon amongst the ervJagemenl team. determined that the prinupal risks were related to posting inappropriate purnal entries to inCaSe revenue or ieduce expenditure. management bias In accounts.ng ests"mates. preserrtats.on of separately disclosed items and management override of controls.
EVERY NATION LONDON INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF EVERY NATION LONDON In responsè lo the risks idenlffied we deSne(l pffjcedU$ induded. ¥Rre not limited to". agreeing fintsaI statement disdosures lo nd"n9 supporkn.ng d¢xumentation identifying and testing ioumal entries reviewing Trustees meetiThJ rninute$ evaluating the thwty's intemal contrds challenging gnificant acC("n9 estsmates There are inherent limitations in the audit wocedures dexribed atjove. The rnore removed thal laws and gulats.ons are from financial transactions. the less likety it is that we would become aware of non-compliance. Malefial misstslements that arise due to fraud can be harder to detect than those that se trom error as they may involve deliberate cOralment or collusion. A luriher description of our responsibilitses is available on the Financial Reporb"ng Counol's website al: https'.11 www.frc.org.ukJ8udrtorsrespon&bilitses. This description fomis part of our auditorfs report. Use of our report This report is made solely to the tharrtable companls members. as a body. in accordance v*ith Chapter 3 of Part 16 of the COMpansAct 2006. Our au¢Jil work has been undertaken 50 that we might stsle to the charrtable company's members those matters we are required to state to them in an auditors report and for no olher purpose. To th8 fullest extent permffted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company s members as a body. for our autht work. for t"S report. or for the opinions we have fomied. Newton FCA {Senlor Statutory Audltor for and on behalf of Jacob CaY•nagh & Sk•et charter Accountants Statutory Audltor 5 Robin Hood Lane S(on SUeY SM12SW
EVERY NATION LONDON STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2022 Total Unrnstrfctsd Restrlcted funds funds 2021 2021 Total fund$ 2022 funds 2022 2022 2021 Income from: Donations and legacies Olhei liadiNJ activth.es 1.204.398 30.600 370.991 1,575,389 30.600 1.173.485 283,789 1,457,274 Total Income 1.234.998 370.991 1.605.989 1.173.485 283.789 1,457.274 Ex •nditurn on: Chaniable acttvilies 995.118 25S.$87 1.250.705 834.$47 267,955 1,102.502 Net Income before transfers 239,880 115.404 355.284 338.938 15.834 354,772 Gross transfers beh¥een funds Net Income for Ihe yearl Net movernent in funds 1,500 {1,500) 239.880 115.404 355.284 340.438 14,334 354.772 Fund balartes at 1 Juty 2021 759,905 121A49 881,354 419.467 107,115 526.582 Fund balathces at 30 June 2022 999,785 236.8S3 1.236,638 759.905 121.449 881,354 The slalement of financial athities indudes all gams and losses recf)3rised in the year. All income and expeThJture ¢Jertve from COnul1¥j activilies. The statement of financial activities also comFAi8s tmth the reqiirements for an Inne and expendilure account under the CompaniesAct 20C6.
EVERY NATION LONDON BALANCE SHEET AS AT30 JUNE 2022 2022 2021 Noles Flxed assets Tangle assets Programme related investments 10 11 3S.630 100,000 38,077 136.630 38,077 Currenl assets Debtors Cash al bank and in hand 12 42.S57 1,168.683 35,767 909.586 1.211,240 945,353 Cred6tors: amounts falllng due wlthln on• year 13 1110.2321 1102,0761 Net current assets 1.101.008 843,277 Total assets less current Ilabllities 1.236.638 881.354 Income funds Restricted funds Unrestricted funds Designated funds General unreslric¢ed fvnds 17 236.853 121.449 16 732.371 267.414 379,088 3BO.817 999,785 759,905 1.236.638 881,354 These financi* statements have been prepared in accordanee with the provisions aPltable to companies subject to Ihe small companies regime. he I statements were apwoved by Ihe Twsie¢s on ...Iq...M(IICki 2 OZ W Eckleben Trustee Company registration number4942206 10-
EVERY NATION LONDON STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2022 2022 2021 Notes Cash flows from operatlng activltles Cash generated from operatsons 276,054 435.140 Investing activities Purchase of tangible fixed assets 116.957) 124,4821 Net ush used in investing activities 116,9571 (24.4821 Net cash used in financing a¢tivili¢s Nel Increase In cash al cash equivalents 259,097 410.658 Cash and cash equivalents at beginning of year 909,586 498,928 Cash and cash •qulvalents at end of year 1.168.683 909,586 11
EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Accounting policies Charlty Informauon Every Nation London 1$ a private Company limtted by guarantee incorporated in Eng4and and Wales. The registered office is Clo Fulham Boys School, 9 BeaumontAvenL*, London. W14 9LP. 1.1 Accountlng conventlon The financial 514tements have been prepared in accordan with the charitys Memorandum of Associati¢J), the Companies Act 2006 and Accountsn9 arKI Reporting by Charities." Statement of Recommended Practice applicable lo chariiies preparing their accounts in accordance wlh the Financial Reporting Stsndard applicable in the UK and Repu1¢ of Ireland IFRS 1021 (effective 1 January 20191". The ¢harity is a Public Benefft Entity a$ defined by FRS 102. The financial statements are prepared in steding, is the fvncttonal rrencY of the charity. Monetary amounts in these finanaal slatemenls e rounded to Ihe rrest £. The finanaal statements have been prepared under the hisIcal c05t convents"on. The principal accounting poliues adopted are set cMJt below. 1.2 Golng c¢ncern At the time of approving the finanual statements. the trustees have a reasonable expectation Ihat the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the gthng concem basis of aCCA)unts"ng in wepaiing the ffin1 statements. 1.3 Charltsble fund$ Unrestrided fvnds afe available for use at the ¢J"srxetion of the Irustees in fwtherance of Iheir charitable objectives. Reslncled funds a subject to speufic cmdth.ons by donors as to how they may be used. The purposes uses of the restricted ftjnds are set oth in the notes lo the financial statements. 1A Incoming resources Income is rOgnised %then the ¢tharity is legally entied to it after any performance conditions have been met. the amounts can be measured reliably. and rt 15 probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been nolified of the donatson, unless perfomian¢e widrfi'ons require deferral of the amounl. Income tax recoverable in relation to donatKJns receNed under GiftAid or d88ds of covenant is r8COgnised at the tsme of the donation. Legacies are recognised on receipt ty otherwise rf the chanty has been notified ol an impending distribl.Qn, Ihe amount is known. and receipt is expected_ If the amount is not known, the legacy is treated as a conlingenl asset. The charity has relied sgnificantty upon Voluntee in carrying out its acb"vth"e5 during the year, particularly local church activTrts"es. In accordan th paragraph 6.18 of the SORP, the rote of volunteers has rnl been iecc<Jnised as income from donated seTvi¢es the xccmthts. 12-
EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Accountlng pollcles (Contlnuedl 1.5 Resources •xpend•d Expenditure is recognised orts there is a legal or con5twcti¥e obligation to transfer economic tenefil to third paty. rt is probable that a Iransfef of economic benefrts wll be required in setuemenl. and the amount of the obligation be measured reliably. Expenditure is classifie¢J by ath"vrty. The Costs of each actsvty a made up of the total of direct costs and sharèd costs. induding support costs inv¢Sved in undertaking eath actiwty Direct eosts attn"butable to a single activity are allocated directly to that activty. Shared costs %thich contribute to more than one activty and support Costs which are not attnbutable to a s¢ngle activty are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Grants paYae a recognised at the earlier of 7hthen they are pad or becom8 constructive obligations. The nature of the work of the church is rtydered to be so integrated that the core charitable adivity costs are COndered to be for the one actiwty. The support costs attributable to the fun(Jraising activity are considered minimal. Netherthekss an allo&.0 has been shcMn in Note 5 to the acntS. 1.6 Tanglble flxed assets Tangible fixed assets are initsalty measured at cost and subsequently measured at cost tr valuation, net of dePCIatIon and any impaimient losses. Depreciabon is ¢09niSed so as to wrrte off ts cost or valuation of assets less ther residual values over their useful lives on Ihe following bases.. Plant and equipment Fixtures and fittings Computers Over al years Over 4 to 5 years Over 3 years The gain or loss t4isirwJ M the disFhl of an asset 15 determined as the drffer8nce betsveen the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial aclivilies. 1.7 Impaimient of Ilxed assets At each reporb'ng end date, tharity wews the ¢arying arnOts of ts tangible assets to delemiine vthether there is any irKlication that those assets have suffered an impaimienl loss If any such indicalign exists, the recoverable amount of the asset Is estimated in order to detemiine the extenl of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in harKI, deposrts held at cau wrth banks, other short-term liquid investments with onginal maturities of three months or less, and bank overdrnfts. Bank overdrafts are shown thin borrowirwJs in current liab"Ilrties. 1.9 Financial Inslrnments The charity has elected to appty the provisions of Sectvjn 11 'Basic Finanu81 Instruments. and Section 12 'Olher Finanual InstrLwnents Issues, of FRS 102 to 41 of its financial instruments. Finanaal instruments a recognised in the charitys balance sheet when ts charity tecomes party to the ¢onlractual provisions of the instrument. Financial assets and liabiliti'es are offset. wlh the net arnounls presented in the financial statements, vthen there is a legally enforceab right lo set off the recognised amounts and tre is an intention to settle on a net bow$ or to realise the asset and sethe the liabilty sThultaneousty. 13-
EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Accountlng policies {Contlnuedl Basic financial a$s•ts Basic financial assets. vthich indude debtofs and cash and bank balanees. a inits.alty measured at transacb'on price inclLKling transaclion costs and are subsequentty carried at amortised cost Using the effective interesl method unless the arrangement nstituteS a financing transaction. where the transaction is Measured at the present value of the fvtyre receipts discounted al a market iale of interest. Financial assets dassified as receivable wthin one year are not amortised. Basi¢ financlal liabilities Basic financial liabilits'es, induding &10[5 and bank loans are inth'ally recognised al transacts'on price unless the arrangement constrtLrtes a financing transath'on, where the debt inrument 1$ measured al the present value of the fijture payments discounted at a market rate of interest. FirnCIal liabilities dassified as payable thin one year are not arno"$e. Debt instruments are subsequerrfly camed * amorh'sed cost, usiThJ the effeclive interest rate method. Trade creditors a obligations to pay for goo(Js or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilitse$ rf payment is due wthin one year or less. If not, they are presented as non-current liabilities. Trade ueditors are recognised initially at transaction price and subsequently measured at arnortised eost using the effectwe interest metthxl. Derecognitlon of flnan¢l•l liabllities Financial liabilrties are derecognised when the chanty's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefts The cost of any unused holiday entstlement is recognised in the period in thich the employee's services a received. Termination benefits are recognised immediately as an expense wthen the charty is demonstrably ccrfnmitted lo terminate the employment of an employee or to wovide lermirth.on beneffts. 1.11 Retlrement beneflts Payments to defined contribution rettrement benefit srtsmes are charged a$ expense as they fall due. Critical accounting estimat•s and Judgements In the appliealion of the charity's accounting poliae5. the trustees are required to make judgèments, eslimales and assumptions aboLrt the carryirrfJ amount of a55els and liabilrties that are not readily apparent from other sources. The estimate$ and a$Slated assumptions are based on historical experierKe and other fadors Ihat are considered to be relevant. Actual results may differ from these estsmates. The eslimales and underfying asSUmptS are reyiewed on an ongoing basis. Revisions to accountin9 esb"rnate5 are recognised in the penod in whith the estimate is rwsed where the revision affects only that period. ¢x in the period of the revision and fulure periods kne Ihe ¥1)n affecis both current and future periods 14-
EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Donatlons and legacies Unrestrictsd Restricted fvnds fvnds Total Unrestrided funds Rèstitted lunds Total 2022 2022 2022 2021 2021 2021 Donations and gffts Tax recoverable 1.000,875 203.523 364.7S8 1.365.633 6.233 209.756 974.801 198,684 281.041 2.748 1,255,842 201,432 1.204.398 370.991 1.575.389 1.173.485 283.789 1,457.274 Oth•r Irading activiti•s Vnrestrict•d IndS Total Unrestricted fvnds Total 2022 2022 2021 2021 Rental income 30.600 15-
EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Charitable actlvltles Direct costs Grants payable 2022 Support costs Total 2022 2022 2022 Local Church Community. Youth & Kids Campus Ministry Ministry Equipping Missions & Churth antsn9 Internation* Ministry Support 681.734 S4.004 44.282 64.489 23.678 93.690 189.207 870,941 54,004 44,282 64.489 64,634 152.355 40,956 58.665 961.877 99.621 189.207 1.250.705 Dlrect costs Grants payable 2021 Support costs 2021 Total 2021 2021 Church Community, Youth & Kids Campus Ministry Ministry Equipping Mi55ions & Church Plantin9 International min Support 509,341 68,792 53,240 68,180 83.354 37.714 182,655 691,996 68,792 53,240 68.180 125,729 94.565 42.375 56,851 820.621 99,226 182,655 1,102,502 16-
EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR fHE YEAR ENDED 30 JUNE 2022 Grants payable Instllutlon$ Indfvlduab 2022 2021 Intemational Ministry Support Missions & Church Plantin9 Relief of Poverty Education 58.665 7.950 8.408 58.6S5 29.203 42,472 17,671 8,854 1,500 21.253 300 75.023 24.598 99,621 70,497 For the year ended 30 June 2021 80.151 19,075 2022 2021 The main grants were made lo." Every Nation Church Inc. Bren0d, Tennes5ee South African Children's Charrtabje Twst Wesl Kensington Foodbank Every Natiorb Philippines Fulham Boys School Other Inslrtutiono15UPPOrt (urKler £1.0001 58,665 3,300 2,000 42,472 3,900 1,225 1.500 16,675 11.058 76.023 65,772 Support costs Support Governancg osts osts 2022Support sts Govemancg Costs 2021 Oeprecth'on Property IT & Telecoms HR & Gener Accounting 19,404 51.634 6.732 a4.896 21.141 19.404 51.634 6.732 84.896 21.141 17,266 58,900 6.047 82,373 12.669 17,266 58,900 6,047 82.373 12.669 Audit fees 5,400 5,400 183.807 189.207 177,255 5,400 182,655 17-
EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Trustees Mr W E¢eben was paid £50,34212021'. £50,042) plus Pens contributions of £5.03412021.' £4.8841 in his capacity as a Seni¢y Pastor, and not as a trustee, as pemiitted by the goveming document. Mrs A Eckleben, his spouse. was also paid É42,38512021-. £43,085) plus penSn contributions of É4,20912021". £4,159) in her capacity as a Senior Pastor. Miss A Eckleben. a daughter of Mr W and Mrs A Eckleben, was pai(1 £19,529 12021.. £19,566) u$ pension contributions of £57712021.. £5601 as an employee. No remunerats'on was paid to any other trustee rIng the year nor to person connected to them. No trustee received Teimbur5e¢J eypenses other than for rtems purehased on behaff of the church. Employee5 The average monthty number of employees during the year wa5." 2022 Number 2021 Numbgr 20 19 EmploymeDI costs 2022 2021 Wages and salarie5 Social security costs Other pension costs 605.597 56,056 34,027 640,663 55,182 33,044 695,680 728,889 The charity's activityes are generalty wied ¢xrt by volunleers. There were no employees vhKJse annual reMration was more than £60,LKIO. 18-
EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 10 Tanglbts fixed assets pkrtand Flxtures Cornpute Total Cost At 1 July 2021 Addrtions Disposals 110.403 4.706 {13.539 $6,415 4.816 {10.0951 35.774 7,435 19.6521 202.592 16.957 133.286) At 30 June 2022 101.570 51.136 33,$57 186.263 Depr8clatlon and Impalrnwnt At 1 July 2021 Depreciation charged in ts year Eh'minated in respect of disposals 94.638 7.805 113.5391 44,043 4.386 110,0951 25.834 6.265 18.7041 164,515 18.4S6 132,3381 At 30 June 2022 88.904 38.334 23,396 150.633 Carrylng amount At 30 June 2022 12.686 12.802 10.162 35.630 At 30 June 2021 15.765 12,372 9,940 38,077 11 Programme related Inv•stm•Trts Concessionary loan Al 1 Juty 2021 Loan grarrted 100.000 At 30 June 2022 100,000 An interest free loan has been advanced lo enab a supp)rted mis%onary lo purchase accommodation. The loan is repayable when the propeity is sohj. The loan is measured at cost and wll be adjusled for any impaimient in the fiUre as necessary. 12 Debtors 2022 2021 Arnounts falllng due within one year. Tax recoveralAe Other debtors Prepayments and accn*d income 15.859 11.455 15.243 13,543 15.341 6,883 42.557 35,767 19-
EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 13 Creditots: •mounts falling due wlthin one year 2022 2021 Trade c¥e(lilor5 other creditors Accruals and defrrred income 8.828 9.743 91.661 11.383 8.773 81.920 110.232 102.076 14 Op•rating lease commltments At the reporting end dale the tharty had outstanding eommrtmenls for lutUTe minimum lease payments under norancelIable operalfftg leases. which fall due as follows" 2022 2021 Imtw'n one year 83,334 16 Anatysis of net assets betwwn fvnds UnrestrScted Restricted fund$ funds 2022 2022 Tot•1 Unrestricted funds 2021 Restricted fvnds 2021 Total 2022 2021 Fund balances at 30 June 2022 are representeil by". Tangible assets Programme related assets Current asselvjlliablities) 35.630 38.077 38,077 100,000 136,853 100.000 1,101.008 964155 721,828 121.449 843,277 999.785 236,853 1.236.638 759.905 121.449 881.354
EVERY NATION LONOON NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI FOR THE YEAR ENDED 30JUNE2022 16 D•slyntsd 12010 1*1021 EuropFanChLth Futwj Piesence Fd 15.281 310.fKN) 258 137,7141 59.QB• 310.W) 31.226 (•3,$90} 69,140 356.6QB 65.783 64.$ 325.281 3625B 137,7141 S$. 3n,011 J1.215 (93.690} 415,748 732.371 ¢buhe0 ConMnun6ty Pm•n¢e Fund -21
EVERY NATION LONDON NOTES TO THE FINANCIAL STATEIIENTS ICIYITINUEOI FOR THE YEAR ENDED 30 JUNE 2022 17 Restrfctsd lknffl•nt In 1 J 3021 JOJun• Children andywlh FObank Miwons & Ch Pknbig Ne84y lami1¥ Other PropBty Fur SIou9h Prorffj Fa Staff Suppoff Euiwe Leaders Fw ofministy LondonAwSlc4 Fd Howe pJrthJseknd 1fj6 375 175 501 641 11501 {57.3511 {11.5831 15.517 11.5roi 10.180 {50,02n 10,634 93 56.396 6,$43 53.207 2,3J6 42.477 6.643 35.fffj1 46.815 9.5B1 194.616 {163.3511 46.326 1336 199.•16 11•3M3S1 111,(¥XTrI 7,WO 100.t*Jo 10D.Q 107.115 ZJ3.789 (267.95S1 11.5WI 121.441 370.991 125S.5871 236,653
EVERY NATION LONDON NOTES TO THe FINANCIAL STATEMeNTS ICIY4TINUEDI FOR THE YEAR ENDED 30 JUNE 2022 17 Rfj¥lwlthd lcont1nedj and yOMh Foodban Funds Used to SLVPDrtlfe 1 frxKts strfry slons &Churth PlanUng These fu$ arevsed OD m1$5w Itw wFFofvq Flaits These funds aieused tOSuppytfaThilts ne¥J Proyrty SIDugh Proyrty Staff Supptrrt Fwthgiving Presence FL5gen for refvrbishry the Offi mthecurrfiwjity Europo L••dqrn khol•r4hlp Fur FdgiVEn to 5UPwrtnttv3thhpdevowttfl&$SE 5chL¥oI 0fWTrgry Fdsggn towards tunrHnytr ofminwuxn Th• LondonApostoWc Fnd These fvndswere receryed io GOELIIOPE2O10YAsb. Hws•
EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 18 Related p•rty tAnsactions Remuneration of key manag•m•nt p•r50nn The remuneration of key management personnel is as follows. 2022 2021 Aggregate compensatic 166,885 165,634 19 Members Each memt)er of the company comnwts to contribute an amount of £10 rf the charity is wouThJ up. 20 Cash generaled from operatlons 2022 2021 Surplus for the year 355.284 354.772 Adjustments for.. Loss on disposal oltsngible fixed assets Oeprecialion arKI impainnent of tangible fixed assets 520 17,266 18.456 Movements in working caprtal.. Inuease in programme related assets Ilncreasellde¢rease in debto Increase in creditors (100,0001 {6,7901 8.156 7,310 55,272 Cash generated from opeTrtlons 276.054 43S,140 21 Analysis of changes In net fvnds The charity had no debt during Ihe year. -24-