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 "AC09N￿4 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 nuM￿r 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 st￿et London W1D 1EA EVERY NATION LONDON CONTENTS Page Trustees. report Independent audilorfs rew¢ Statement ol financial &livrt￿s 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 V*ith 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 ap￿￿ble 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 fij￿1 our legal obJ"eetives is "to glonfy God by making disciples and making a difference." in the city. on campuses, in our c0mmunrt￿s. 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.. Ken*nglon. 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$tri¢ted gatherings. All our congregations were able lo continue in their venues and saw a strong return and even post Covid growth. A swnificant event for the church was in January 2022 when our Founding Pastor Wolfgang Eckleben was diagnosed wth Can￿r. The elders, staff and leadeiship teams did a magnificent of covering as needed. and this lumed out to be a grovrth catatysl in many ways. It also ac￿erated the process of idenlfying and preparing a Lead pastor succession ￿aTr for the V4est kensington Congregation. 7Mth the aim of appointing a new lead pastor couple in January 2023_ A few other highlights of the year were". The Wesl Kensington corKJTegabon has a speufic OFQ￿ttJnty lo C￿linUe the lease of Ihe V*hole Beaumont Avenue building wlth only a 10 week notice period. In December we We￿ notified by the landlord that the lease would end in early 2022. and that there was no option for us to stay. The end date kept being extended, and eventually we negotiated lo &gn a new one year sub-lease with new main tenant5 of the building. This was finalised in August 2022 arKI we moved to the east wng of the building.. We will be negobaling for an extension on this lease early in 2023. We started an outreach group in Hun￿.￿dOrt, near Cambridge. and this is building momentum towards being another plant in 2023. They are opefating as a separate financaal department wrthin Every Nation London. Our Slough congregation had a EeadeTship tran￿"On *ryth Greg and Suzanne Abreght reloeating to CardrN to lead a new thurch plant for us there. EVERY NATION LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Aehievement and perfornian¢• {continuodl The Cardiff plant will start in 2023 and funcb.on undèr the eovering of the Every Nation London thanty . We conts.nued to invest in the wder GOEUROPE2040 vision, ￿1¢h is 'thal by God's grace we will plant a campu$-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 gO￿j 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 pOw1￿n was strong and a￿e 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 Internat￿nal mini5ty that we 5UPPOrt with these monies are fvlly in line with the stated objectives of our charrty. Every Nat￿n 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 cOng￿gatIOns. 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 r￿eSSary 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 restr￿ted, £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 I￿rne 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 r￿ulre 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 ¢l￿fident 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 re5￿Jr¢es produc*d 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. Miss￿1 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 ex￿1 to honour God by establ￿ing Chrisl-Gentered. spirit-empowe￿d, sO￿alty ￿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 di￿￿or5 of Every Natwi London for the PUTpose of wmpany law, a￿ responsible preparing the Trustees, Report and the financtal statements in aC￿rdance ￿th ap￿icab￿ law and United Kingdom Accounbng Standards (Unrted Kingdom Generalty Accepted A￿￿nts.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 in￿ming 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 acco￿ting policies arKI then apply them Co￿$tenty.. - observe the methods and principtes in the Charrties SORP", - make judgements and estimates that are reasmable and prudent.. slate whether applicable UK Ac￿￿nting Standafds have been fol￿wed. subj'ect to any material departures 's¢losed and explained in the financial s&*ements' and prepare the fin8n¢ial statements the gtyng concem basis unless rt is inapyoyiate to weswne that the charity will c￿liftye in operation. The Iruslees are respMsible for keeping adequate aCCo￿ting records that disdose Tpth reasonable a¢¢uracy at any b.me the financial position of the charity and enable them to ensure that the ffinanual statements comply with the Companies Act 20C6. They are also responsible for safeguarding the assets of lh8 charity and hence for taking rea50r￿ble steps for the p￿VenIl"0n and deleth.on of fraud and other ir￿ula￿t￿s. Auditor In accordance the compan￿$ 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 a￿l￿or is aware of suth inlomation. Concluslon We are confident that the a¢ts'vrties of Every N*icMI 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 fu￿111ng our misson to "make disciples ano make a dffterence.. The Part sle ' ￿port wa5 p￿pared 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 Lor*Jon {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 Financ￿1 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 Ir￿QMIng resources and application of resources. including Its In￿Me and expenditure, for the year Ihen ended., have been pfopedy prepared in aeeordanee Unrted ￿"r￿j￿1)n Generally Accepted AtLounting Prath'ce.. and have been prepare¢J in a￿dan￿ 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 fu￿111ed ow other ethical responsibilities in accOrdar￿e 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 prep￿ats.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 S￿nffiCant 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 sect￿n5 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 othe￿5$8 expli¢itly ststed in our ￿POrt, we ¢Jo not exyess any fomi of assuran¢e conclusion Ihereon. Our responsibility is lo read the other information and. in doing so. ConS￿er whether the other infomation is materially incon51slenl with the ffinancial statements or our knowledge obtained in the course of the audit. or olheThM$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 inform*ion 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 incI￿￿e￿ 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 re￿1 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 ac￿u￿b.n9 records and relums. or certain disdosures of twstees. remuneration sp)eufied by law are not made." or we have not rec￿Ve￿ all the inlorrnation and exp1ar￿tionS 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 p￿paratsOn 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 $tstements Our objectives are lo obtain reasonable assuran￿ about whether the finaniial statements as a whole are free from material misslalement. vthether due to fraud or error, and Io issue an auditorfs report that includes our opinion. Reasonable assurance is a high le￿1 of assuran￿ but is a guarantee that an audit c¢yNlucled in accordance with ISAS IUKI wll always detect a material misstatement when rt exists. Misslalemenls can arise from fraud or error and are considered maierial rf, irKlividually or in the aggregate. they could reasonably be expected to intluence the econom￿ decision5 of users taken ori the basis ol these financial statements. The extenl to which our procedwes are capable of detecb.ng irwulariti"es. ir￿UdIr￿j fraud. is detsiled below. Based on our understanding of the charity. we identsfied that the principal risks of non-compliance with laws and regulations related to employment and finanual reporting legislatson and we considered the exienl lo which non- compliance might have a material effect on the financol statements. ￿ also considered those laws ar￿ regulation5 that have a direct impact on the weparation of the financial statemw)ts such as the Companies Act 2006 and the Charities Act 2011. IAÈ assessed the 5useeptibility ol the tharty's fir￿￿la1 statements to material misstatement, irKluding obtaining an understanding of how fraud might cttur. by making enquiries of management, considering the internal controls In place and discuswon amongst the ervJagemenl team. determined that the prinupal risks were related to posting inappropriate purnal entries to inC￿aSe revenue or ieduce expenditure. management bias In accounts.ng ests"mates. preserrtats.on of separately disclosed items and management override of controls. EVERY NATION LONDON INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF EVERY NATION LONDON In responsè lo the risks idenlffied we deS￿ne(l pffjcedU￿$ induded. ¥Rre not limited to". agreeing fin￿tsaI 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 cOr￿alment 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 COMpan￿sAct 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 SU￿eY 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 COn￿ul1¥j activilies. The statement of financial activities also comFAi8s tmth the reqiirements for an In￿ne and expendilure account under the CompaniesAct 20C6. EVERY NATION LONDON BALANCE SHEET AS AT30 JUNE 2022 2022 2021 Noles Flxed assets Tangl￿e 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 aP￿ltable 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 Repu￿1¢ 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 r￿rest £. The finanaal statements have been prepared under the his￿Ical 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 ffin￿￿1 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 r￿Ognised %then the ¢tharity is legally enti￿ed 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