fi Charity ffegislv•tion number 1102293 Company registr•iion number 4942206 (England and Wales EVERY NATION LONDON ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 A(ZINQ3C' 2￿0￿2024 COMPANIES HCJJSE #i EVERY NATION LONDON LEGAL AND ADMINISTRATIVE INFORMATION Truste9$ W Eckleben C Lugt P Howem SÈcY*tsry T Sheppard Charfty 1102293 Company numl>er 4942 Regigtsred Office Clo Fulham Boys Sthool 9 8eaumont Avenue London W14 &P Auditor J3cgA) Cavenagh 8 Skeel 5 Robin Hood Sutton Surrey SM1 2SW kern Bardays Bank Pk United KIr￿0M House 7th Fknr 180 Oxford Street London W1D 1EA EVERY NATION LONDON CONTENTS Page Trustees. re Independent audrto¢$ report Statèmènt of fThnoal actmi 10 e8lance sheet 11 Stalement ol cash Ikyws 12 Notes t¢ th8 fmanaal stalements 13-24 EVERY NATION LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2023 The Iruslees present thwr annual report aThJ fmanoal statements for the year ended 30 June 2023. The financial state￿￿nts have l*en prepared in a¢¢ordance wilh the accountmg ￿cleS set out in note 110 ihe rinanaal statements and cornpty wrth the tharivs Memorandum of AsSoria￿D. Ihe Companies Acl 2￿6 and "Acwjnting and Reporb"ng by Chantie$.' Ststement of Recommended Pracl¢ce applcabbe to charth'es preparing their accounts in accordance with the FiAan¢ial Reporting Standard appthcabk in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191-. Obj•ctiv•s and activities The aclivities of the charity are for the PLIbl￿ benefrt according to the obiectNes as sel out in the Memorandum and Artides olAssocialion as a¢cepled on the twenty third ¢Jay of October 2C¥)3. In summary the obiectives ol the Charty are lo "8dv8nce the Christian fath". lo advaneè educalion ￿ ￿l￿ance V￿1h Christian ￿elples. and lo relieve persons who are in corHJib"ons of need and hardship". The Irustees, poly is to ensure thal the resource5 available to the c))mpany are effectively administered to th fuifilment of ihe inlenl of the objectives of the Memoran¢Jum and Artth ol Assouth'on, and in aCC￿rdance with the requirements as prescribed by the Chanty Commission. These objectives remain unchanged, and in planning the activities the Charity has taken inlo consideration the guhlance of the Chanty Commission in providing public benefit. Our cor• activiti*g Our stated Mis￿on to fulfil our legal objectNe5 is 70 grforify God by maknng thsciples and making a difference.. in the city, on can7puses. in our con7muniTres, and in the nalions thmugh church planb'ng.-Al of our core aclivrties ale towards this end, categorised as k4kMs'. Gathering: Congregation gatherings in three bcations.. West London (West Kensinglonl, East London {Stratlordl, and Slough. We also have new works gathering in Cardrfl. and also in Huntin9don. Connecting: Community Connect Groups that meel for relational connectKJn and grthvth. Growing.. The Fdlow Course. an intentional three-partjoumey by which we hdp all who desire to know God and grow in Iheir tsith. Plu5 VariOU5 other courses to help peop￿ to grth¥ holislicalty. Going: Actmties and initiatives to fv114 the rThss*Jn of the churth to make di5ci>les and make a difference. In addition, we ha￿ an active thildren's. youth. and sludent ministry, and programs lo strengthen marriages and families. Beyond our local c¥)ngregations we are actNety invofved in s¢Jpporting olher chwches across Europe with ministry skills training. resourcing. and leadership development and support. In all thi$ we are confident that our fo(#Js on these core xti4Thb•s is r8sulb'n9 in th8 Str￿ fuhllrn8nt and aifvancing our mission. Aehl•vem#nts and ￿rformance This finanual year started as Covid reslnctions were beginning to hft and the thurch was abk to retum to unreslrided gatherings. AJI our congregations were abbE to cmtinue in their %&*nues saw a stron9 retum and even post Covid grchth. A significant event for the chLwch was in JanLW 2023 *then t)ur Foutyjing Pastor Wk*llgang Ed(leben was diagnosed wrth cancer. The eklers, staff and leadershy teams dKI a magnificènt pb of L¥>vÈrin9 as needed. and this turned out to be a gr(Mlh calatyst in many ways. It also accekratsd the pfocess of Klent1￿"n9 and preparing a Lead pastor succession plan fw the West kensington congregat￿. This leadership SUCCeSSK)n was completed in January 2023. Thankth￿lY ￿$ heah.ng h85 prcsre55ed in quite a miracuhyjs way and he and and Ali are fully active and fu￿111ng the function of overseeing pastors f￿ all our Lead Pastors and aposlolic work in Europe. EVERY NATION LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 A¢hièvem•nts and perfornunce Icontinuedl Afew other highlights of the yearwer¢." In August 2022 the West KensW¢)n congre9atM)n was ab￿ to secure a one year lease for pernanent use of the whole building at 9 Beaumont Avenue. After a 5￿nffKant remodelling effort Ihis venue has been an effecttve tod for many aspects ol ovr missiL)n. Our Huntingdon outreach group near. near Carnbridge, continued to grow this year. and we wll be recogniyng Ihis work as an offia.al Congregation from November 2023, with Kathrine Henry leading this work. They are operalj.ng as a sèparatè financial department wthin Every Mat￿an London. The Caidiff pLgnt Started in eaty 2023 and is wng fr(wn strength to strength. This also ftjnclions under the covering ol Ihe Every N*H)n London charity . Preparathins are being made for public launching in late 2023. We conlinued to inve51 in the wbJer GOEUROPE2040 vision. which is Ihal by God's gra￿ we will plant a campus.reaching ¢hurch in every European nation by 2040.. In partnership with our Europe Every Nation thurches we have new work5 Started in Lisbon, GLasgow, Zagieb, and Sweden. We have also launched a new "Scout2040" inrtO1ive to help all Europe churches send small missions teams to al the nations in Europe where we do not yel have a campus-reaching thurth. Dave Daniel was added as a member of our Finance Board Financial review The Ministy is enb.rety depend8nl on the freewd. I gNirvJ of the membets of the congregathin. It was encouraging lo see g0ts3 9fowlh in the number of ￿dI￿1dual5 who regLlaty $uprA)rt ministy financialty. The annual gross In¢ome total was significantty higher Ihan tho provious year. this bein9 due to a very generous large grft re¢wved, a$ well a steady increase in regular donab"on$ in every ¢ongregats"on. This pèrti¢ulai large grft was received In our ￿$t Kensin9ton congregation and wa$ part￿laty signfficant as rt enabled us lo do thè required ￿n0VationS and increased lease costs of Ihe ne* opportunrty we had to remodel and create a magnificent new meeting space for the congregation. This in￿S￿Ment has also paid off further as we wgra able to sgn a ngw 4 ye¥ lease inAugust 2024. Alloeatlan of income Our general guKlelines for giwng alocakn from wss thurth ￿cOMe this year were as follows". 10% of gross churth income is set aside for supporting the greater Every Nation visKJn, haif1S%1 of which is used for advancing the mission in Europe, aThJ the other half administered by our head office in Nashville lor overseeirg and advancing the mission across the world. We t)Dw have works in over 85 nationsl The Directo￿ wnfiwrn that the activth'es of both the Every Nation European and Intornational ministry that we support wrth these funds are fulty in line wrth the slated objectr'ves of our charity. E￿ry Nat￿ lntemab.onal is aCC￿rted by the Evangel￿1 C￿jnal of Financial A¢countabilty in the USA, wrth the finanrial statements and athvities pubh'shed for pubhc aC￿sS and scrutiny on the website at w&4w.ects.org. The EN Apostol￿ CoLtnol is tasked with the responsibilty of monttoring and direcling the use of the inlemats'onal finances. E3th Congregat￿ further coniributes 15% of gross Ir￿Me to a ¢entral dèpartrnènt fund whi fvnds all the actmtses and ministries Wh￿ we to be more offertively done in $yngrgtr, rather Ihan as indiwdual congregations. These s￿￿cal￿ indLM1e the finanual administration. audits. sènior oversyht. website, datalase, HR fu￿￿.0ns. combintd events. missions, church pknbng initiatives. The femaindef of each ￿n9189ation'$ fuThl$ ¥e used d*ecdy t(ywards local congregation mw)islry advancements. Reserv We to h￿d a general l￿reStr￿ted re5eThE (the conlingenry fund) of £70.LKJO. whth is roughty ewivalent to three months. worth of operats'ng tr¥Jdgel. Thts 1$ deeme(I necessary for ensuring uninterrupted continuity of the activitiès ol thè Company since the regulaf trthes and offerings afe not in any way guaranteed. In Ihe event that thls ¢ontsngen¢y fvnd drops below Ihis agreed rninimum. our poli¢y is to re5el this conlingen fund to th￿ ievd al the end of every finanoal yèar from unrestrKAed reserve fvnds. EVERY NATION LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 30 JUNE 2023 Rejerves Icontlnu•d) Each congre9alionldepartment akso hobjs "samngs reserve funds- of any annual excess funds they have. and these savings arè allocatèd according to the corvJregation core leaders directives. For exarnFle, the West Kensington congregation hdds sTrgnificant savings ol ck)sè to £1mil whth afe allocated to a fuiure "Permanent Pla¢e of Presen¢e" property of our own. Trus also indudès a growmg restricted lunds givèn speafically to the building project. The European ClxJr¢bes Fund was in pogtive at 30 JLW)¢ 2023. as shown in r¥)t• 15. At the end of Ihe year. the ¢hanty had total rÈserves of £1.205.451 {2022".£1.236.638}. of which £280.465 12022'£236.8531 were restr￿e¢l. £526.308 (2022:£732.3711 were des9nated and £398,678 {2022".£267,414) were general unresth.cted funds. Grant making policy Every Nation supporfs new ¢hurch plants in Europ whKh a￿ b*"ng planted by Every Nation churches in Europe. The arnounts and lengths of support are de(thd by the trusiees based on inf0mlat￿ provided by Ihe churche5. We do thi5 because of our convhaffi thal planb.ng churches is one of the most effective ways of atfvancing the objectwes of our tharrty in the wealer European ¢¢ntexL Risk management The director5 Ic*Jelher wth the Finance Board a¢ts"vety fX)nsthf the nsks lh* the company faces on an ongoing basis and implement proceijures and conliols through the slaff to manage and mitwjate those risks a$ Ihey arg jentir￿￿. Safeguarding risks". The Health and Safety. Chiby Prote¢tiM. arbj D*a Prote¢lion fvnth"on$ are sel and monilored by appointed officer5. Financial risks.. In Ihe light of the consislenry of our in¢ome levols tsver Ihe past few years. and our f¢$eNtr funds held, we do not ￿rreTrI￿ fwesee any fa¢tors that are h.kety to pul the d￿nty'S ffinancial wrfom)ancè at risk. Future plans We believe that our core 8ctiwt*s are defven.ng stronth ￿ fuifiiing missK)n. and ther￿ore our mail locus is to continue concentraiing on running these well. Area$ in wh￿h we wll be $eeki)g lo advan¢e and add in this financial year and going fO￿ard inckjde.. In August our West Kenynglon COngregat￿n svJned a four year fease I%￿t￿ break dause at two years) on the whok or part ol the buiWirwJ we occupy al no 7 Beaumont Avenue. We wll be activety invol¥e(l through *adership. finan¢es and missions in the contsnued support tsf a number of new chuTth plants in Europe. induding the NÈthèrlands. Glasgow. Romafi￿. ar Portugal. and Sweden. 2. In Seplember 2023 our o)ngregation in East London moved ba(* onio the Queen Mary University in Mile End, rneeting on Sunday mornings. wth the aim ol more effectNely engaging with the next generation. In September 2023 our thurch pbant Wales will go publK wilh starting regular Sunday services. 3. Also in September ￿ announced the tran￿liOn of our Hunlwigdon ouknach now becoming a fully lledgèd congregattm. with Kalherine Henry appoNited as leader. In November she will also be ordained as an Every Nab"on pastor, haviro completed and fulfiJl8d al requiremènts for thi$ ordinaiion. 4. In Novernber 2023 our West Kensington (￿gregat￿)n wrym stsrt a se￿nd moming servte to ac£ommodate the growng number5 attendirvJ. EVERY NATION LONDON TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 8udg•t for 2023124 The budget sel for the nexi financkil yeaf 2023r24 is a bc4d one 10gJssing on a number of expansion investrnents in stsff and facililies. Employee ￿sts have seen a signifunt inLxease compared to Last year. part￿￿rty with rw Lead Pastors added for the Wesl Kensington congregation. as we15 as some increases and support to new partnership staff. The venue costs have also increased with the new lease and increase in utilrties prices, and a neral Infiation increase. The addit￿31 costs and budget defiDls in all departments are covered by eath departments samngs reserves this year. The Board wim monitor thi5 With a midyear budget review and make any requirèd decisions accordirrfjty. The board and eidership are confvjenl that th• n8w tsjdget relknts the rninisty pr*)rities for Ihe next year. Strueturn. gov•rnane• and managem•nt The charity is controlled by rts goveming thmwment. the MemctsndLm and Arlicks of Asso¢ialion, and ¢onstitLrtes a limited company. limited by guarantee, as defmèd by thè Companies Ad 2CfjS. The trustees. who are also the dire¢lors for the purpose of company I•T. aThl who seNed during the year and lo the date of ￿gnatUre olthe finan(ial ststements were.. W Eckleben C Lugt W Schoonraa(I P Howell The 8oard of Directors appoints d￿OrS for renewable temis ol three years. Wa use iesources pr0dL￿d by Stèwardship Services to induct nthv truslees and lor ongoing trustee training. The Truslees of Every Nation Lonth)n consist of a Sekn1￿ of membw5 of the Eldership and FI￿Ce Board. Our church Eldership oversees the overall spirilual leadership dyection of the churth. and our Finance Board o¥efs¢es and monitors Ihe finance management and repytyng. This yearlhe Ekjership Djnsisted ol.. Lit Lugt (Chairperson of the Eldership) Alex Lugl Wolfgang Ed(leben Alison Eckleben Daniel Smart Amanda Smart David Dani Tam*n Daniel This year the Finan￿ 8oard consisted of, in addit￿ lo Ihe Dire¢lors.' Mr Paul Howell IChairper50nl Irs A Schoonraad Mr Matt White Mr D Daniel Mrs Terry-Lin Shepp8Td 1$ also 4)Frt)inied 8$ ¥n adviw to the board and is ¢ontra¢ted to r)Jnpl&te al finance reportin9. Stafi and volunteern Both the Eldership and Finance BoaTd de￿ale executive function5 to Ihe senK)r pastors and congregation pastors (Andrew Hobnes & Greg Aknrecht). who lead the staff and volunleers to fulfil the mission. The Finance Boarij and congregth.on pastors comprise the kèy management personnel of the thjrch. The maionty ofthe work of Ihe chanty ￿ dwe by many ¢ommitled voknnleers and we eynploy a numt*r of staff in full-lime and part-b.me posilK)ns for a variety of pastoral. misswal and a¢Jministrab"¥e funct￿$. Average number time staff for Ihi5 penod. 10 Average number ol part-time staff lor this penod.. 7 Average Partner supwted staff (with part support from Every Nation).. 6 EVERY NATION LONDON TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 R•munernlion All Salaries, remuneration and beneffts decisions are made by Ihe Finance Board. Pay grades of variou$ emK4oymenl levels have been set by comparisons with various thurches remunèration rèports, and comparaliv& jobs in the wider market. Salary ￿ViewS take tAace as part of the annual bLKlgèt setting exerase, and all inueases are based on perfomiance reports from staff reviews. Any dec4sws rewin9 to ihe senior pastors or thèir relatives are made by the Board in t￿lT absertce. Id•r neiwo Every Nalion London 1$ part of the wortthwth famity of Every Natwjn Churche$ and Ministrias. whose stated "ènds" is that "we exisl to Ik)nour Oy establishing Christ-c8ntered, S￿"nÈ-emp0wèr80. socially respon&ble hu￿￿eS and G8nyus minisliies in every natton."There are ¢urrenlty Every Nalton thurthes in over 80 n*ions of the wortd. We partner with the Every Nation famity for the ￿￿1MènI of our rnission. ¢hur¢h planting, resources. equipping, etc. Every Nab"on L￿dOn commtts 10°h of its gro$s in¢ryne towards this wwjor work, with hall of this being direclly managed from our L￿d0Th ac¢)Jvnts and applied to the work in Eutope, and thè other half being managed by and reported by thè Every Nation IntÈmational office in Nashvime. US. We are also members of the EvangelulAllianc• UK 1995. Ststsment of tru$te¢s' r¢$ponslblliti•s The trustees, who are also the directors of Every Nalion Lorthn for the p￿￿se 0fr￿1p3nY law. are responsib for preparing the Trustees. Rewt and the financaal slalemenls in accordance wth apFlicable law and Unrted Kingdom Accounting Standards {Unrtenduded ouf al￿rt in accordan¢e wrth Intemational Standards on Audth.r￿J (UK) IISA$ IUKI) and appli¢abl& law. Our responsibilrties under those $tsndards are furlher described in the Auditofs ￿SPonSIbl1￿S lor tho audit ol thè financial statements Section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audrt ol the financAal statements in the UK. includin9 the FRC'S Ethical Standard, and we have fv￿lled our other eth￿1 responsibilities in accL)rdar￿ wilh Ihese rèquiremènts. We believe that the audit ewdence we have obtaineil 1$ suffwxrt and approwiale io prowde a basi5 for our opinion. Conc￿910n$ relating lo gtiing eone•m In auditing the finaniaal statements. we have conduded that the truSt￿s, use of thè going 1x￿re￿ basis of accounting in the preparation of the ffinanckil stslements is appropriate. Based on the work we have perforry*d. we have not ideth *hy material uncertainlies relating to events or conditions that. indi*idually or cdlectivety. may cast Signrf￿nI doLtbl on the charity's ability lo continue as a going concern for a period of al least hfefve monlhs from when Ihe financial slalements are authorised foi issue. Our responsibihties and the resptsn$ibiSt*s of the trustees wilh respect to going concem arè dèscribed in th& relevant sections of this report. Other infornwtion The other information o)mprises the information induded in ihe annual report other than the financial statements and our auditorfs report thereon. The trustees are responsble for the olher information u)niained wiihin the annual report. Our opinion on the financial statements does not cover the olher information and, except to the extenl otheThYise explicitty slated in our report. we do not express ￿Y form of a55UTance conclu&on thereon. Our responsibility is to read the other inforn￿t￿￿ and. in doing so, consider whether the other infom)ation is materially inconsistent with the finanual statements or our knth￿edge obtained in the course of the audrt, or olherwise appears to be materially misstated. If we N1entfy such materkal inconsistencAes or apparent material misstatements. we ale required to determine whethw this gNes rise lo a material misslaternent in the financial statements themselves. If, based on the work we have performed. ￿ corKludè that there is a rnalerial misslatement of Ihis other inlomathon, we are required lo report that la¢t. We have nothing to report in Ihis ward. Opinion$ on other m•tters pr•scrlbed by thè Comp•ftie$ Act 2006 In Ouf opiriion, based on the work undertaken in the eA)urse of our audit". the informatson given in the Iruslees, ￿port for the financial yeai for which the finanoal statements are prepared. which incI￿￿e5 the dJ"re¢ttys' ￿port wepared for the pUrpo￿S of cnmpany law, is consislenl with the finan¢ial statèments,. and Ihe direct¢y$' report ind￿led wthin the tru5tees' report has been prepared in accordance with appI￿able legal requiremenls. EVERY NATION LONDON INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF EVERY NATION LONDON Matters on which w• •rn r¢qulrnd to t¢port by •x¢eption In the light of the knowledge and understanding of the charity and Ns environment Obta￿ed in the course of the audit. we have not identified matefial misstatements in the directors. report induded within the trustees. reF¥)rt. We have nothing lo report in respe¢l of the folowing matters Mi relation to whith the Companw4$ Ad 2C(6 requires us to report to you rf. in our opinion". adequate accounting records have nol been kept, or return5 adequale for our audit have r￿t been received fr(Im branches not wsited by us,. Ihe financAal statements are rK)t in agreement wrth the act(￿N￿"A9 records and relwns., oi certain disdosures of trustees. remune(ation speofied by law are not made," or we have not r•c•ived all the inlorniation and explanations we require for our audit.. or Ihe truslee5 were not enlrtbed lo wepare the finaniial ststements in •¢¢ordan¢e wilh the small companiè5 regime and lake advantage of the small eomwies. exemplitsns in yepariThJ the rru$lees' report and from the requirement to prepare a strategic report_ Responsibilities of In￿tee5 As Èxplainèd morè fully in the statemerrt of lrnstees. resp0nsibilrt￿. Ihe Irustees, who are akso the d*ectors of t charity fof ihe purpose of company law. are responwble for the preparation of the finanaal statements and for being Satisfied that they gNe a true aThJ fair wew, and for SLK* inlernal control as the trustees detemiine is necessary to enablg the preparation ol ffinanaal statements that are free from material misstatem•nt, w￿th￿r du• to fraud or error. In prepann9 the finanoal statements, the tnjstees are ￿Spon￿ble for assessing the charity's ability to continue as a 90in9 concem, disthsing, as appI￿￿e. matters related to going concern and Lbsin9 the 9oin9 ¢oncem basis of accounting unless the trustees either intend to liquidate the charitable company or lo ¢&ase operations, ￿ have no realistic attemative t*Jt to do so. Awdltofs rnsponslbllltl•s forth• audlt of the financial slalements Our objeciives are lo obtain reasonable assurance about whether the financial statemen15 as a whole are free from material misstatement, whether due to fraud or error, and to issue an audrtorfs report that inckKles our opinion. Reasonable assurance is a high level ol assurance bul 15 nol a guarantee that an avdit conducted in accordance with ISAS (UK) wdl a￿ayS delecl a material misslalernenl when rt exis15. Misststemenls can arise from fraud 01 error and are considered material rf. indmdually or in the aggregate. they cO￿d Teasonabty be expecled to inlluence the economic decasions of usef5 taken on the basi5 of these fmantsal statements. The extent lo which our procedures are capable of detecting irregLtsnties. In¢knJing fraud. is detaI￿d beb)w. Basetj on our understanding of the tharity. we Idontif￿d that the prwKipal risks of non-Compl￿nCe wilh laws and regulations felated to employment and finanoal reports'tvJ kgiSlat￿ and we considered the extent to which not compliance mwht have a material effect on the financial statements. also considered Ihose laws and regulalions that have a direcl Impa￿ ￿ Ihe preparation of thè finarwial statements such as the Companies Act 20C6 and the Charities Act 2011. We asse55ed the su$¢epb"bi&ty of the ¢harty's finanoal ststèments to material mi$ststemenl. induding obtaining an undeislanding of how fraud rnighl 0¢¢￿T. by m8kn.ng enquiries of managerr*nl. congden.ng the inlemal ¢ontroL% in place and dis¢u$5ion amngst the engagement leam. We determined thal the princyal risks were related to poslvbg inappropriate jc*Jmal entsie5 to increase revenue or reducE expendrtUTe, management tiias in accounting estr'mates. Frnentstion of separatety disdosed items and management override of controls. EVERY NATION LONDON INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF EVERY NATION LONDON In ￿sponSe to Ihe risks identified we de$V￿ed pKocedures whth ￿cknjed, twl were not limited to.. agreeing fi￿Cial Statefflenl disckisure$ to undetyng supwbng do¢ument8lion identifying and lestirwJJourna entries revEwing Twstees meeb.ng minutes evafuating the charity's irttemal ￿ntr￿S challenging signrfKanl accounting e51imats5 Th•re afe inherent l1rnitat￿ns in the audil proce(lures degybed above. The more removed that laws and regulations are from financ￿1 transactions. Ihe less h.kety it is that we woukj become aware of non-compliance. Material misstatements that arise due to fraud ran be ￿￿er to deteca than Ihosè that aiise from error as they May invohe deliberate concealment or collusion. A further description of our responsibilb'e5 1$ available on the Finan¢Jal Rewrtmg Counul's website al: http$'.11 VhVW.frc.org.ukJauditorsresponsibilties. This des¢xiptiM f¢)wms part of our audrtorfs report. Use of our r•port This report is made solety to the thantable Company's members. as 8 trAJdy. in accordance wth Chapter 3 of Part 16 ol the Companies Act 2006. Our audit work has been undertaken so lh* we might stsle io the charitable company's members those matters we are required to sme to them in an auditorfs report and for no other purpose. To the fvllest exient permitted by law, we do not accept or assume responsibilty to anyMe other than ihe charitable company and the charitable company's rnernbers as a trfjdy, for our audrt work, for this report, or for the opintons we have formed. Paul M*wton FCA Isenior Ststutory Auditor) for and on behalf of J*cob Cavenagh & Skeet Chartered Accounlants ststutory Auditor 5 Robin Hood Lane Suttr Suffey SM12SW EVERY NATION LONDON STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2023 Unrn$tri¢tsd R•str•ctsd funds fvnds 2023 2023 Totsl Unr•stricl•d R•strlcl•d funds 2022 Total 2023 2022 2022 Nole Incom Donations and lagacies Charitawe a¢tiviti¢$ Other trading tiwlies 1.328.200 6.536 326.222 1.654.422 6.536 1.204.398 370,991 1.575,389 30.6 30.600 Total ineom• 1.334.736 326.222 1.660.958 1.234.998 370.991 1.605.969 ndit Charrtable activittes 1.409.535 282.610 1.692.145 995.118 255,587 1.250.705 Net lexpèndliur•V•ncom• for the yoarl Net mov•m•nt in funds 17<7991 43.612 131.18n 239,880 115,404 355,284 Fund balances at 1 Juty 2022 999.785 236.853 1,236.631 759,905 121,449 881.354 Fund balanc•s at 30 June 2023 924.986 280.465 1.205N51 999,785 236.853 1,236.638 Thè $talemenl of financAal aclmb.es inchjdes al gains and k)sses recognised in the year. Al I￿rne and expenditure deri¥e from conlinLMn9 actiwl*s. The stalefflent of fmanrjal acts￿lIeS akn compks wilh the requirements for an in￿¢ and eyndtture acrKJunl under the Companses Act 2￿. 10- EVERY NATION LONDON BALANCE SHEET ASAT30JUNE 2023 Flx¢d assots Tanglble assets 11 12 30278 1fy).000 100.000 130378 135.630 Debto Cash at bank and In hand 13 111,621 1.093.442 42,557 1.168.683 1205.063 1.211.240 Credltorn: amounts talllng due T*Mhkn 14 (129.890) {110.232) Net t￿rrent assets 1.0741n 1.101.008 Total as8ets 1osG ￿E￿onI Ilablllll•s 1205A51 1.236.638 In¢om• fun Restrided funds un￿tricted fvnds t)esignated frJrKIs Generdl unr8Stricted fw#ts 17 280.465 236,853 16 732,371 267.414 3x678 999,785 1305.451 1.236.638 W E¢kleben Twstsg AL￿8 11 EVERY NATION LONDON STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2023 2023 2022 Cash Ilows from operating activities Cash labsorbe(I byygeneral8d from operations 163,593) 276,054 Investing activilies Purthase ol tangible fixed assets 111.6481 {16,95n N¢t ¢•$h u**d fn Inv•stlng aetl¥lrfes 111.648) 116.95n Net cash us•d in fin•n¢ing actl¥itl•s N•t Id•cre•s•ifincrease in cash and ¢ash equivalents (75,241) 259.097 Cash and cash equivaknts al besMnnin9 01 year 1,168.683 909,586 Cash and cash equivalents at end of y•ar 1,093,442 1,168,683 12- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Accounting policies Chaiity Inlomi•lion Every Natrtsn London ts a private Ix)mpany ￿mited by guarantee incory￿ated in England and Wales. The registered Ol￿e is Clo Fuknam Boys Sthcol. 9 Beaw?￿nIAYenue, London. W14 9LP. 1.1 Accounting conv•ntion The financkql stalements have been prepared in accordarKe with the tharivs Memorandum of Assoaalion. the Cornpanies Act 2Cth and "Accounting and Reporting by Charities.. Statement of Recommended Practice ap￿1¢able to Char￿¢$ preparing their accounts in accordarKe with ihe FInar￿￿al Reporting Standard applicable in the UK ant1 Republic of Ireland IFRS 1021 {effective 1 January 20191" The chafty is a Public 8enefft Entity as defmed by FRS 102. The financial statements a￿ p￿pared in stertmg, whKth is the knct*)nal rajrrency of thg charty. Monetary amounts in th8se finanoal stst¥ments afe rounded to th& nearest £. The financial statements ha￿ been Fxepar8d under the historical cost COn￿ntion. Th• prAicipal accounting polic￿$ adopled are set out befw. 12 Golng concern At the lime of appromng the financki15talements. the trvslees have a ￿aSonab* expecl8tion that the charty has adequale res¢)urces to o)ntinue in operational exIster￿e for the foreseeable fvture. Thu5 the trustees c￿￿"TrUe to adopt the go￿9 concem bays of a￿oUnts"r￿j ￿ ptepamy the finanoal $tslements. 1.3 Charitsbh funds Unrestricted lunds are avaik7ble for use 81 ihe disuebon of the trustees in fvrtherarKe of their charitable objective5. Restricted funds ar• subi•d to speufic COnd￿0￿S by donors as to how they may be used. The purposes and USÈS of the restricted funds are set out in the notes to the financial statements. 1A Incoming resources In￿me is recognised when the ¢harity is legally entstled to rt after any perfomiance conthtions have beèn mèt, the amounts can be measured and rt is probable that incC￿e wdl be received. Cash donat￿n$ are recognised on receipt. Other donat￿5 are recoynised once the charity has been notff*d of the donal*Jn, unless performance conditions require deferral of the amounl. Income tax rec￿Verable in relation to donations rtteived under Gift Aid or deeds of covenant is re¢4nised al the twne of ihe donation. Legacies are re¢ognised on receipt or otherwise tt the thanty has beèn noknfied of an wnpending distribution. the amount is known. and receipt is exF*ded. If the amoLml ts not known. the legacy is treated as a ntingeni asset. The chanty has rèThed signffjcanlty upon voluntews in carrying out its activitie$ during Ihe year. particularfy hxal d)urth adiwties. In accoidance wrth paragraph 6.18 of the SORP. the role of volunteer5 has not been re¢ognised as rn¢ome froffl donated 5er¥irE5 ￿ the acc¥)urts. 13- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Accounting policles (Continued) 1.5 R¢sources expend Expenditure is re¢ognised once there is a legal or construclive obligation to transfer economic benèffit lo a third party, it is probable that a transfèr of econom￿ beneffts Wkl be reqL#red in seldement, and the amount of the obligation can be mèasured reliabty. Expendrture is dassfvd by actmty. The costs of eath ackn￿ ale made up of ihe total of t*recl costs and shared cost5. including support costs invofved in undertaking each activty. Direct costs attributable to a single 8¢tivity are aNocaled ¢Jirectty to th* ath"¥ty. Share(l u)sts Wh￿ contnbutè to more than one activity arKI support CO51s which are not attributable to a $inyle athvity a￿ apportioned between those actNities on a basis con5i5tenl with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation ¢harges are alki¢ated on the portion of assefs use. Grants payable are recognised at the earfier of wlwi Ihey are pahl or become constructive ob*gations. The nature of the work of the church is consNJered to be 50 integrated that the core charitable activTrty costs are considered to be for the one actmty. The support Costs attribufable to the knndraising 8¢tiwty are considered minimal. Nethertheless an alkt4tion has been shrywn in Note S lo the a￿)unts. 1.6 Tangibl• fixed o￿ts Tangible fixed assets are initialy measured at cost subsequentty measured at ctssl or vahjalion. net of depreciation and any impairment losses. Depreuation is re¢ognised $0 as lo wnle off the ¢ost or valuatirm of assets less thèir residual Va￿e5 over their useful live5 on the followirvJ bases.. PFant and equipment Fixtures and fjtlmgs Comwters Over 4 years Over 4 to 5 years Over 3 years The gain or b)ss arising on the disposal of an assel is determined as the difference be￿een the sale proceeds and the carrying v*ue of the asseL ieco3ntsed in the statement of finanual a¢tM"lie$. 1.7 Impairment of fix￿ axs*ts At Èach reporting end date, th8 charty Teviews Ihe carrying amounts of its tangible a55e15 to deterniine whether there is any indication that those assets have suffered an Thpairment 105s. W any such indicatKJn exists. the woverable amount of the asset is eslimaled in order to delermine the extent of the impairment kjss Irf any). 1.8 Cash and cash equlvalents Cash and osh equivalents in¢kJde cash ￿ hand, deposrts hdd at call with banks, other short-term liquid investments with original rnatUrrt￿$ of three months or less. and bank 0￿rdraft$. overdraft$ are shown within borrowings in current liabilities. 1.9 FTnancial instruments The charity has elected lo apFly the proNisions ol Seth"on 11 '8asic Finawal Inslwments. and Section 12 'Olher Financaal Instruments Issues. of FRS 102 to al of rt5 finarKial inslnwnents. Finanaal instruments are reco9nised in the thari￿s balar￿ sheet when the charity becomes pty lo the ojnlradual pcovisions of the inslwment Finanrjal assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right lo set off the reccfjnised amounts and there 15 an intenlion lo selue on a nel basis or to realise the asset and setme the lth'hty simuAaneousty. 14- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Accounting polici Icontinuedl 8asic financial a$$¢ts Basic financial assets. which inthdg debtors aThJ cash arhj bank balances. are irMbalFy measured at transa(aion pr￿ indLHling transaction costs and are Subsequent￿ carried at amortised cost using the effe￿￿ inl¢rest method unless the arrangement conslilutes a financing transactron, where the transactitin is measur8d at ihe present value of the fLrture receipts discounted * a martel fate of interest. Fin3nrial assets classified as recewable within one year are not amortised. Ba$ie flnanelal liabilities Basic financial liabilrties. i1￿￿1ft9 ¢redrtors bank loans arè iimknalty re&)gnisèd al transaction ￿"ce unless the arrangement constrtules a finanang transaction. Whe￿ the debt instrument is measured al the present value of the luture paymenls discounted at a maiket rale of intewt. Financial liabilrt*s classified as payable wthin one year are amortised. Debt instrLments are subsequènfy ¢arried at amth.sed cost. using Ihe effe¢live interest rate method. Trade uedIto￿ are 0￿gaIN)nS to pay lty 9oods or seThKes that have been acquired in the ordinary covrse of operal￿nS from suppliers. Amounts payable are dassified as ujrrent Ikabilities rf payment is due within one year or less. If not, they are presented as noTroJrrent l￿bIlit￿$. Trade creditors are recognised inits'alty al transaction pri￿ and subsequentty meagjred at amortised cr)st uwng the effective interest method. Déreeognhlon of finaneial liabilitl•s Financial liakylil￿s are defe¢wi$ed vthen the tharit￿$ ¢ontradual obb'9atK>ns exwre tsr are dis¢harged or ¢ancdled. 1.10 Employee beneffts The cost of any unused holhlay entrtlement is recognised in the per￿ in whth the employee's seNc•s are feeeived. Termination benefils are recogrtrised immediatety as an expense when the charity is demonslrably commrtted to lem)inate Ihe employment ol ￿ empkjyee ￿ to prowde lermwb.on beneffts. 1.11 R¢tirwn•nt beneffts Paymenis to defined (yJntril)ut￿ r¢tiTement benefft s¢hgme$ are charged as an expense a$ they fall ¢Jue. Crlllcal accounting eslimat¢s and judgements In the application of the th¥rFty's accwntvw palitses. the trustees a￿ required lo make jLJdgemenls. estimates and assurnptions about Ihe carrying amount of assets artd liabilrf*s Ihat are not readity a[Pa￿nI ffom other sources. The estimate5 and 8ss¢xiated assumpt￿n5 are baseij on historical experience and other factors that are considered to be felevant. Actual reyjlts may dffter tr(Mn these ¢sts"mate5. The estsmates and underfying assUm￿nS are reviewed on #n Ong￿ng basis. Revisions to #Cr￿untIng estimates are recognised in the period in whth the estimale 15 revised Whe￿ the revision affects only that period, or in the period of the revi￿on and fijture periods where Ihe rewsion affecas both rJJrrent and future periods. 15- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Donations and leg*cies Unrestricted R•stri¢t•d Ivnds T¢)tsl Unrestricted Restrtcted funds nds Total 2023 2023 2023 2022 2022 2022 Donations and gifts Tax re<￿verable 323.482 1835.333 1.(MXI.875 2.740 219.089 203.523 364.758 1.365,633 6.233 209.756 216.349 1,328.200 326.222 1.654.422 1.204,39B 370.991 1.575,389 Othertsadlng aetlvltles Unrnstricled R•strfct•d Total Total 2023 2023 2023 2022 Rental *Kome 16- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Charltablp aclSvilies Grants payable 2023 Support costs 2023 T¢)tal 2023 21123 Local Church Community. Youth & Kids Campus Ministry Minisiry Eqvipping Missions & Church Planting Intemational Ministry Supwi BuikYing2Rebuild Exceptional expenses from savirvJs 862.815 62.822 47,993 76,702 2S,202 109,942 1S8,IX12 30,088 196.S11 1.059,326 62.822 47,993 76.782 82.15(1 174.982 1S8,002 30.088 65.040 1.373.646 121.988 196.S11 1.692.145 Direct costs Grnnts Support payable costs 2022 Total 2022 2022 2022 Local Church Community, Youth & KMIS Campus Ministry Ministry Equipping Missions & Church Plantsng International Ministry Support 681.734 54,004 44,282 64,489 23,678 93,690 189.207 870,941 44,282 64,489 40.9 58.665 152,355 961,877 99.621 189,207 1,250,705 17- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Grnnts payabkt Inststulions Individuals 2023 2022 Internaiional Ministy &JpFQrt Missions & Church Plantt"ng Relief of Povety Educat*Jn 65.040 17.SS9 65,lJ40 $1.12S 5,823 42.472 17,671 8,854 1,5CO 33,566 2.323 86.099 35,889 121.988 70,497 For ihe year ended 30 June 2022 75.023 24.598 2023 2022 Th8 main gfanls were made lo.. Every Nation Churth Inc. 8renhyood. Ttnnès South Afr￿n Children's Charrtable Trust West Kensington Fo￿Ybank Pardeys Community Miss Other in5trtution81 support (under £1.OW) 65,040 3.600 3.000 2.000 12.459 58,665 3,300 2,000 11,OS8 86.099 75,023 Support co$ts Support Govem•n ¢osts 2023SLWWJrt costs Govemance 2022 Depreciation Property IT & Telecoms HR & General Accounting 17.OlXI 40.9110 9.282 97.861 25.521 17,000 40,900 9.282 97.861 25.528 19,404 51,634 6,732 84,8 21,141 19.404 51,634 6.732 84,896 21,141 Audit fees 5,400 190.571 196.511 183,807 189,207 Mr W Eckleban was pai¢J £50,78412022". £50.342} pkns penson contribubons of £5.07612022.' £5,034) in his ¢aparity as a Senior Pastor. arml not a5 a Irustee. as pem)itted by the ￿Verning dowment. Mrs A E¢kleben, his spouse. was also paid £43.43912022-. £42.3851 p￿$ pengon u)nln"butTrons of £4.31412022." £4,209) in her apacity as a Senior Paslor. Miss A Eckleben, a daughter of Mr W and Mrs A EcklEben. was p8N1 £24,832 12022.. £19,529) plus pen￿0￿ contributions of £73012022-. £577) as an employee. No remuneration was paid to any olherlwstee during the year rw to any person c(y)neded lo them. No trustee received reirnbursed exFense5 other than for ilems purch85ed on behaW of the chur¢h. 18- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Employees The average monthty number of empbyees during the year was.. 2023 NumlMr 2022 Number 20 Employment ¢o$ts 2023 2022 Wages and saLaries Social Security costs Olher pension costs 704.181 64.620 38.437 605.597 56,056 34,027 807.238 695,680 The chari￿$ actwities are gener81ty camed oul by volunteers. St8ff cy)sts indude redundancy payments of £5,805.12022'.£nill. There were rm) emptoyees whose annual remLmeratM was more than £60.￿)0. 10 T4xation The charily is exempt from tsx on in¢omÈ and gains falling Wthin seclth 505 of Ihè Taxès Act 1988 or section 252 of the TaxalNJnol Chargeable Gains Ad 1992 to Ihe exlenl that these are apKlied lo ils d)arilable objects. 11 Tangible fixed ass•ts Pkntand Ftthirnts and C(MnPLbt8rn T•¢•1 Cost At 1 July 2022 Additions 101,$70 2,459 51,136 1,854 33.557 7.33S 186.263 11.648 AI 30 June 2023 104,029 52,990 40.892 197.911 Deprteiation and Impalmwnt Ai i July 2022 DepreThat￿n Charged ID the year 88,904 6,063 38,334 3,734 23,39S 7.203 150.633 17.000 AI 30 June 2023 94.967 42,068 30.598 167.633 Carryin9 amount AI 30 June 2023 9.062 10,922 10.294 30.278 At 30 June 2022 12.666 12.802 10.162 35,630 19- EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS {CONTINUEO) FOR THE YEAR ENDED 30 JUNE 2023 12 PrografflnR relat•d investments Con¢essionary loan At 1 2022 and at 30 June 2023 100,000 An interest free loan has been advanced to enable a supp(M1ed missionary lo purthase aC￿MMOdat￿ft. The loan 1$ repayable when Ihe wopety 15 so*J. The is measured al L))sl and wll be adjusted for any impaiTrnenl in the future as neCe￿ary. 13 Oebtors 2023 2022 Amounts falling the within ye•r. Tax iecoverabje Other debtors Prepayments and accrued income 56.888 47.866 fj,867 15,859 11,455 15.243 42.557 14 Cr•dilors: amounts l•lling du• wlthin ono y•ar 2023 2022 Trade ueditors Olher credTtors Ar￿￿￿5 and deferred income 27.612 13.781 88A97 8,828 9,743 91,661 129.890 110,232 15 Anatysls of n•t ass•ts b•tw••n funds UnrestrictÈd Restri¢t4d fvnd$ lynds 2023 2023 T¢X•l Unrnstri¢t•d Restrfcted fund fvnds 2022 2022 Total 2023 2022 Fund balances at 30 June 2023 are represented by.. Tangible assets Programme related assets Current assetslllrabilths) 30.278 30.278 35.630 35,630 100,CfKJ 1.075,173 100,OCX) 136,853 100,OCrf) 1,101.IY)8 894,708 180,465 ,155 924.986 280.465 1.205.451 999,785 236,853 1,236.638 EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS IC014TINUEDI FOR THE YEAR ÉNDED 30JUNE 2023 >JJ￿2￿23 Evropean Fund c￿￿￿￿ty 31225 193. $9.140 27J3S 11202841 310.L 1171.7441 417,164 379. 31225 (93. 415.748 7JlJ71 27.939 11202941 111&7041 521.301 -21- EVERY NATION LONDON NOTES TO THÉ FINANCLAL STATEMEPITS IcopmNUEO) FOR THE YEAR ENDED JO JUNE 2023 17 iJ*W22 Chlthen youth Foothjank Mi5wn$ & Chwth Pknlry Needy tamil 375 175 Y).*1 541 106 1175) 150.02n 10.1 43,J70 141921 125 ,034 0,6•3 91.92$ 1,185 11,OOQ Property Fu S￿￿h PmpertyFLvb siaff Supp Europe Le•Jers Fwd The L￿O￿Ap￿SIr￿￿F￿ use wrtssefund 46.815 9.581 193.916 1193,OJg1 270.m 12310601 1335 10.rxij I￿.{xY) llzm)) 121.449 370.991 (255.587J 23U53 32V22 12J2.61ts1 EVERY NATION LONDON NOTES TO THE Fk¥ANCIAL STATEAIENTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2023 17 R4Jtricthd lun Childr*nfind youth Fotsdb4nk FUMS used to YJppthtthe hxalto*¢nk n 9J*tyd These ￿￿5#1* useoon ttissi0ntrips¥￿5Y Il•*dyfathlv¥* Tr*se ale usedio krrths reed Sknuyh PV¥P*rtYF￿d si*IISupport Fthd$ iNeA forrefiJrbtshiAg Ihe andue*rya in L+4der* kh)l*rthlp Fund FLrt$ 9W 10 Supportrw ￿ader$hIP School oll*thtry Fund5given tty¥ar¢s cour T￿ London Apo￿1( Fund EVERY NATION LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 18 R•lated party tr•thsa¢tions Remunerntion ol key managentent personnel The rernuneralion of key managemeni p8rsonn81 is as fokns. 2023 2022 Aggregate ￿Mpensa110n 186.374 166,885 Trnnsactions with related partses During the year the charity entered into the transaclh)ns wilh r8lat8d paitie$". Unrestricted donabons of £357,785 (2022.. £311,940) vme receNed from trustee5 and related parties during Ihe year. 19 Member¥ Each member of the ctynpany rA)mmits to o)nlr*ute an ￿￿Unt of £10 rfthe (*arity 15 wound up. 20 Cash generated from offiti(*n 2023 2022 IDefiot}l$urpus for the year 131.1871 355,284 Adjustments for. {Gainllbss on disposal of tan9ible ffixed assets Oepfeoalion and Impalrn￿nt of tangit4e fixed asset$ 948 18.456 17.000 IAovemènts in working capital.. Deueasel{increase} in progrèmrrE related assets {Increa5el in debto1$ Iwease in creditors (100.C￿l 16,Ml 8,156 169.064 19.658 C•$h {absofb•d byllgen•rated from •wr4tions 163.593 276,0S4 21 Analysi$ of ¢hanys in netfunds The tharity had no debt dLwing the year. -24-