2022-03-31-accounts - Eurovangelism

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CONTENTS		PAGE
Trustees Report		1 —8
Legal and administrative	information
Independent Examiner's	Report	10
Statement of Financial	Activities
Balance Sheet		12
Statement of Cash Flows		13
Notes to the financial statements		14-31

Registered	numbers		1140592
			(Charity Commission		for England	and Wales)
			07507682
			(Companies House)
Alternative	operating	names	Transform Europe	Network
			TEN
			Harvest for the Hungry
Trustees			Mrs M Jennings (until		30July 2022)
(Who are Directors for		the purposes	Mr LJorgensen (Deputy Chair from 12November 2021)
of Company	Law)		Mrs M Lilley
			Mrs N Mezei
			Mrs M Reeves (until 20 May 2022)
			Mr A Spencer
			Ms H Vinson (Chair)
			Mr E Winter
			Mr J Chamberlain	(from 30July 2022 until 6 November			2022)
Chief Executive Officer			MrJVaughton
Registered	office		23 Apex Court
			Woodlands
			Bradley Stoke
			Bristol BS324JT
Principal bankers			Lloyds
			PO Box1000
			Kingswood (309480)
			Bristol BX1 1LT
Independent	examiner		Josh Kingston BSc(Hons) ACA
			Burton Sweet Limited
			The Clock Tower
			5 Farleigh Court
			Old Weston Road
			Flax Bourton
			Bristol BS481UR
Solicitors			Capstone Solicitors
			62 Gloucester Road
			Bishopston
			Bristol BS78BH
Investment	advisors		Charles Stanley &	Co. Limited
			Broadwalk House
			Southernhay West
			Exeter EX1 1TS

				Unrestricted	Restricted	Total funds	Total funds
				funds	funds	2022	2021
			Note	F		F
income from:
Donations and	legacies			285,388	636,789	922,177	607,738
Charitable activites				189		189	98
investments				1,841		1,841	2,248
Other: Fixed asset disposal		gain					65
Total income				287,418	636,789	924,207	610,149
Expenditure on:
Raising funds				56,603	47,874	104,477	90,546
Charitable activities				124,153	492,309	616,462	488,184
Total expenditure				180,756	540,183	720,939	578,730
Net gains/(losses)	on investments		16	1,458		1,458	12,211
Net income/(expenditure)			10	108,120	96,606	204,726	43,630
Transfers between	funds		19	(4,655)	4,655
Net movement in	funds			103,465	101,261	204,726	43,630
Reconciliation of	funds:
Total funds brought forward			19	631,253	154,766	786,019	742,389
Total funds carried forward			19	734,718	256,027	990,745	786,019

							2022		2021
					Note
Fixed assets:
Tangible assets					14		240,146		241,880
Programme related		investments			15		4,340
Financial investments					16		114,623		84,297
Current assets:
Debtors					17	66,238		73,381
Programme related		investments			15	1,240
Financial investments					16			20,358
Cash at bank and	in	hand				572,066		374,155
						639,544		467,894
Liabilities:
Creditors: Amounts		falling		due
within one year					18	(7,908)		8,052
Net current assets							631,636		459,842
Total assets less current			liabilities				990,745		786,019
Total net assets							990,745		786,019
The funds ofthe charity:
Unrestricted funds
Free reserves					20	191,992		189,300
Designated - Fixed		assets			20	240,146		241,880
Designated - Charitable				loans	20	5,580
Other designated	funds				20	297,000		200,073
							734,718		631,253
Restricted funds					20		256,027		154,766
Total charity funds							990,745		786,019

			Total funds	Total funds
			2022	2021
		Note
0 erational cash flows
Cash flows for operating activities
Receipts from donations and legacies		22 (A1)	929,271	583,823
Payments for raising funds		22 (B1)	(103,960)	(90,036)
Net inflow for operating activities			825,311	493,787
Cash flows from operating activities
Receipts from charitable activites		22 (A2)	91	98
Payments for charitable activities		22 (B2)	(615,282)	(485,344)
Additions to Programme related investments		15	(6,200)
Repayments from Programme related investments		15	620
Net outflow from operating activities			(620,771)	(485,246)
Net inflow/(outflow) of operating activities			204,540	8,541
Non-o erational cash flows
Investing activities
Dividends and interest from investments		22 (C1)	1,841	2,248
Proceeds from sale of investments		16	21,530	9,180
Purchase of investments		16	(29,300)
Movement of cash held for investments		16	(700)
Proceeds from sale of tangible fixed	assets
Net cash provided (for)/by investing	activities		(6,629)	11,493
Net cash inflow for the year		23	197,911	20,034

2 Income	from donations and legacies
		Unrestricted	Restricted	Total funds	Total funds
		funds	funds	2022	2021
		P.		F
Donations	from individuals	153,241	167,738	320,979	291,226
Donations	from trustees and related parties	1,567	5,057	6,624	6,382
Donations	from churches and organisations	32,089	201,682	233,771	103,821
Legacies		87,491		87,491	25,392
Grants receivable for:
CASA Grace			55,500	55,500	60,500
ISTL, Albania			32,000	32,000	30,000
Building	project, Albania				11,448
Building	Project, Moldova		17,642	17,642
Building	project, N. Macedonia		22,100	22,100
Building	project, Romania		16,491	16,491
Building	project, Serbia		15,718	15,718
Crisis Appeal Fund			22,000	22,000
N. Macedonia key workers			11,500	11,500	11,000
Raising	new leaders in East Europe		10,661	10,661
Beginning of Life, Moldova			8,500	8,500	10,500
Grants receivable for other activities		11,000	50,200	61,200	57,469
		285,388	636,789	922,177	607,738

3 Income from charitable	activities
		Unrestricted	Restricted	Total funds	Total funds
		funds	funds	2022	2021
		F		F
Other income from charitable	activities	189		189	98
		189		189	98
(Seenote 25forprior year comparati ves)

4 Income from investments
	Unrestricted	Restricted	Total funds	Total funds
	funds	funds	2022	2021
	P		F
Interest and dividends	1,841		1,841	2,248
	1,841		1,841	2,248
(Seenote 25forprior year comparati ves)

5 Expen	d	iture	on raising funds
				Unrestricted	Restricted	Total funds	Total funds
				funds	funds	2022	2021
				P.		F
Fundraising		materials (print 8 online):
Design,	publish,		print 8 postage	5,431	4,917	10,348	7,719
Developing		Mission - Raising the profile of TEN		5,677		5,677	4,698
Staff costs				18,575	20,599	39,174	29,242
investment		management fees		486		486	414
Allocated	support		costs (Note 8)	26,434	22,358	48,792	48,473
				56,603	47,874	104,477	90,546

					Other	Support
					direct	costs	Total	Total
				Grants	costs	(Note S)	2022	2021
Church	planting		8 development	279,825	19,008	31,986	330,819	211,620
Compassion		projects		209,699	18,489	24,394	252,582	246,346
Evangelism				9,715	632	1,111	11,458	4,486
Developing		Mission			19,459	2,144	21,603	25,732
				499,239	57,588	59,635	616,462	488,184
					Grants to	Grants to	Total	Total
					institutions	individuals	2022	2021
					F		F
Church	planting		8 development		278,228	1,597	279,825	172,827
Compassion		projects			209,699		209,699	191,661
Evangelism					9,715		9,715	3,531
					497,642	1,597	499,239	368,019

details of the institutions	that re	ceived gr	ants tota	lling more than F10,000 in	the current or preceedi	ng year.
					2022	2021
					P
Church of God, Albania					13,015	27,349
ISTL, Albania					34,167	30,328
Living Water Foundation,	Albania				4,525	24,051
Beginning of Life, Moldova					27,225	8,925
Gotesti Baptist Church,	Moldova				19,949	6,917
Evangelical Church, N.	Macedonia				55,906	14,599
CASA Grace, Romania					64,002	65,376
CASA Grace, Romania	- Key Worker				5,995	11,000
Emanuel Hospice, Romania					16,383	11,477
Open Heaven, Romania					50,301	16,887
Protestant Evangelical Church		- Duhovni	Centar,	Romania	14,623	1,976
Tinea Baptist Church, Romania					22,923	5,919
Rainbow Rehab Centre,	Serbia				4,222	10,690
Nexus Church, Serbia					22,987	1,980
Grants totalling less than f10,000 per institution				in both the current
and preceeding year					141,419	115,579
Total					497,642	353,053

the basis of	the c	ost of s	taff time directly attributable t	o each of the	se activities.
				Raising	Charitable	Total	Total
				funds	activities	2022	2021
				F		F
Staff costs				36,749	44,915	81,664	93,315
Central operating		costs		11,070	13,531	24,601	23,251
Governance	costs (Note		9)	973	1,189	2,162	1,662
				48,792	59,635	108,427	118,228
(Seenote 25		forprior year comparati ves)
9 Governance		costs
						2022	2021
						F
Independent	examiner's		fee			1,782	1,614
Independent	examiner's		fee - prior year under accrual	adjustment		42	48
Trustees' meeting		expenses				338
						2,162	1,662

10 Net income/(expenditure)		for the year
			2022	2021
This is stated after charging:			F
Depreciation			1,734	1,734
Independent examiner's fee			1,824	1,662
Trustee remuneration
Reimbursed Trustee expenses		- 1 Trustee (2021:0 Trustees)	240
(These expenses related to	travel costs)
11 Employees &staff costs
The aggregate payroll costs	were:		2022	2021
			F
Salaries			148,650	145,980
Social security costs			9,191	8,872
Pension contributions			10,403	10,210
			168,244	165,062
Key management personnel	total benefits received		50,057	48,567
(Key management is made up		of the Trustees and the CEO)

14 Tangible fix	ed assets
		Freehold	Office	Computer
		property	equipment	equipment	Total
Cost		P.		F
At 1 April 2021		238,107	10,402	3,159	251,668
Additions
Disposals				(300)	(300)
At 31 March 2022		238,107	10,402	2,859	251,368
Depreciation
At 1 April 2021			7,236	2,552	9,788
Charge for the year			1,565	169	1,734
Disposals				(300)	(300)
At 31 March 2022			8,801	2,421	11,222
Net book value
At 31 March 2022		238,107	1,601	438	240,146
At 31 March 2021		238,107	3,166	607	241,880
15 Programme	related investments

		Partner
		sustainability
		loans	Total
		F
At 1 April 2021
Additions		6,200	6,200
Amount	repaid	(620)	(620)
At 31 March 2022		5,580	5,580
Included	within:
Fixed assets		4,340	4,340
Current assets		1,240	1,240
		5,580	5,580

growth and	i	ncome. T	he	investments are held by Charles Stan	ley through their Personal Portfolio S	ervice.
					2022	2021
					P
Market value		brought	forward		84,297	73,010
Acquisitions	at cost				29,300
Investment	management			fees	(486)	(414)
Movement	of	cash held for investment			700
Gains/(losses)		in the	year		812	11,701
Market value		carried	forward		114,623	84,297
Represented		by:			F
Fixed income					55,741	40,995
UK equity					4,247	3,124
International		equity			43,359	31,889
Property					4,577	3,366
Alternatives	8 mixed		investments		4,321	3,178
Cash					2,378	1,745
					114,623	84,297
Historical	cost				109,472	79,957

being sold at the bal	ance sheet d	ate.
			2022	2021
			F
Cost and net book value brought		forward	20,358	38,358
Sale proceeds from	disposals		(12,200)	(9,180)
Sale amount agreed	but received	after the year end	(8,804)	(9,330)
Gains in the year			646	510
Cost and net book	value carried forward			20,358
Total fixed asset investments			F
Listed investments			114,623	84,297
Total current asset	investments
Unlisted investments				20,358

17 Debtors
								2022	2021
								F
Prepayments								2,296	1,916
Accrued income								55,041	62,135
Other debtors								8,901	9,330
								66,238	73,381
18 Creditors:		Amounts		falling due in less than		one year
								2022	2021
								P
Accruals and		deferred	income					3,797	4,704
Taxation and		social security						3,168	3,132
Other creditors								943	216
								7,908	8,052
19 Movement		in funds
Current year		movements
					1 April	Income	Expenditure		31 March
					2021	and gains	and losses	Transfers	2022
								F
Restricted	funds
Church planting 8 development					35,964	348,481	(259,583)	3,266	128,128
Compassion	projects				108,950	277,591	(268,058)	1,312	119,795
Evangelism					9,852	10,717	(12,542)	77	8,104
					154,766	636,789	(540,183)	4,655	256,027
Unrestricted		funds
Designated	-	Fixed assets			241,880		(1,734)		240,146
Designated	-	Charitable		loans				5,580	5,580
Designated	-	Partner support			122,370		(49,994)	146,921	219,297
Designated	-	New ministries			77,703				77,703
Free reserves					189,300	288,876	(129,028)	(157,156)	191,992
					631,253	288,876	(180,756)	(4,655)	734,718
Total funds					786,019	925,665	(720,939)		990,745

19 Movement	in funds	(c	ontinued)
				1 April	Income	Expenditure		31 March
				2020	and gains	and losses	Transfers	2021
Restricted funds with								F
income greater than 210,000
CASA Grace				35,233	69,773	(64,290)		40,716
CASA Grace	- Key worker				11,000	(11,000)
Beginning of	Life, Moldova				10,995	(10,782)		213
Crisis Appeal	Fund			13,689	32,841	(36,824)		9,706
Kuranjis				150	10,275	(10,425)
Harvest for the Hungry				14,215	50,541	(41,591)		23,165
ISTL, Albania					30,462	(30,462)
Kucove church building					11,448	(24,181)	12,733
N. Macedonia	key workers			5,673	11,000	(8,775)		7,898
Open Heaven, Romania					18,868	(15,223)		3,645
Winter Help				9,186	25,747	(24,231)		10,702
Total ofrestricted funds			with
income less	than 810,000			61,748	132,050	(134,834)	(243)	58,721
Total restricted funds				139,894	415,000	(412,618)	12,490	154,766
20 Analysis	of net assets		between	funds
Current year
					Tangible	Fixed asset	Other net	Total
					fixed assets	investments	assets	2022
Restricted funds
Church planting 8 development							128,128	128,128
Compassion	projects						119,795	119,795
Evangelism							8,104	8,104
							256,027	256,027
Unrestricted	funds
Designated -	Fixed assets				240,146			240,146
Designated -	Charitable	loans				4,340	1,240	5,580
Designated -	Partner support						219,297	219,297
Designated -	New ministries						77,703	77,703
Free reserves						114,623	77,369	191,992
					240,146	118,963	375,609	734,718
Total funds					240,146	118,963	631,636	990,745

20 Analysis of net assets bet Prior year	ween	funds (continue	d)
			Tangible		Fixed asset	Other net	Total
		fixed assets		investments		assets	2021
			P.			F
Restricted funds
Church planting 8 development						35,964	35,964
Compassion projects						108,950	108,950
Evangelism						9,852	9,852
						154,766	154,766
Unrestricted funds
Designated - Fixed assets			241,880				241,880
Designated - Partner support						122,370	122,370
Designated - New ministries						77,703	77,703
Free reserves					84,297	105,003	189,300
			241,880		84,297	305,076	631,253
Total funds			241,880		84,297	459,842	786,019
21 Prior year fund comparatives		for the Statement	of Financial		Activities
				Unrestricted		Restricted	Total funds
					funds	funds	2021
Income from:
Donations and legacies					192,738	415,000	607,738
Charitable activites					98		98
Investments					2,248		2,248
Other: Fixed asset disposal	gain				65		65
Total income					195,149	415,000	610,149
Expenditure on:
Raising funds					47,611	42,935	90,546
Charitable activities					118,501	369,683	488,184
Total expenditure					166,112	412,618	578,730
Net losses on investments					12,211		12,211
Net income/(expenditure)					41,248	2,382	43,630
Transfers					(12,490)	12,490
Net movement in funds					28,758	14,872	43,630
Reconciliation offunds:
Total funds brought forward					602,495	139,894	742,389
Total funds carried forward					631,253	154,766	786,019

22	Reconcili	ation ofthe St	atement of Financi	al Activities
				Statement of
				Financial
				Activities	Debtors	Creditors	Cash flow
				P.		F
A1	Income from donations		and legacies	922,177
	Decrease	in accrued income			7,094		929,271
A2	Income from charitable		activities	189
	Increase	in other debtors			(98)		91
B1	Costs of	raising funds		(104,477)
	Investment management		fees eliminated	486
	Increase	in prepayments			(171)
	Decrease	in accruals				(141)
	Increase	in taxation and social security				16
	Increase	in other creditors				327	(103,960)
B2	Costs of	charitable activities		(616,462)
	Depreciation eliminated			1,734
	Increase	in prepayments			(208)
	Decrease	in accruals				(766)
	Increase	in taxation and social security				20
	Increase	in other creditors				400	(615,282)
C1	Dividends	and interest from investments		1,841			1,841
		Balance sheet movements			6,617	(144)
23	Analysis	of changes in cash and cash equivalents
				2022	2021	Change
				F		F
	Cash in hand			572,066	374,155	197,911
	Total cash and cash equivalents			572,066	374,155	197,911
				2021	2020	Change
	Cash in hand			374,155	354,121	20,034
	Total cash and cash equivalents			374,155	354,121	20,034

25 Prior year comparatives	25 Prior year comparatives		for notes to the financial statements	for notes to the financial statements
Income from donations	and		legacies for the year ended 31 March 2021
				Unrestricted	Restricted	Total funds
				funds	funds	2021
Donations from individuals				130,867	160,359	291,226
Donations from trustees	and	related parties		2,030	4,352	6,382
Donations from churches	and		organisations	13,132	90,689	103,821
Legacies				25,392		25,392
Grants receivable for:
CASA Grace					60,500	60,500
ISTL, Albania					30,000	30,000
Building project, Albania					11,448	11,448
N. Macedonia key workers					11,000	11,000
Beginning of Life, Moldova					10,500	10,500
Grants receivable for other activities				21,317	36,152	57,469
				192,738	415,000	607,738
Income from charitable	activities for the year ended 31 March			2021
				Unrestricted	Restricted	Total funds
				funds	funds	2021
Other income from charitable			activities	98		98
				98		98
Income from investments		for the year ended 31 March 2021
				Unrestricted	Restricted	Total funds
				funds	funds	2021
Interest and dividends				2,248		2,248
				2,248		2,248
Expenditure on raising	funds for the year ended 31 March 2021
				Unrestricted	Restricted	Total funds
				funds	funds	2021
Fundraising materials (print		8	online):
Design, publish, print 8	postage			2,765	4,954	7,719
Developing Mission - Raising			the profile of TEN	4,698		4,698
Staff costs				14,246	14,996	29,242
Investment management	fees			414		414
Allocated support costs				25,488	22,985	48,473
				47,611	42,935	90,546

						Other direct	Support	Total
					Grants	costs	costs	2021
					P		F
Church	planting		8	development	172,827	8,442	30,351	211,620
Compassion		projects			191,661	19,683	35,002	246,346
Evangelism					3,531	327	628	4,486
Developing		Mission				21,958	3,774	25,732
					368,019	50,410	69,755	488,184
						Grants to	Grants to	Total
						institutions	individuals	2021
Church	planting		8	development		159,700	13,127	172,827
Compassion		projects				189,822	1,839	191,661
Evangelism						3,531		3,531
						353,053	14,966	368,019
Support	costs for the year ended 31 March 2021
						Raising	Charitable	Total
						funds	activities	2021
Staff costs						38,259	55,056	93,315
Central	operating			costs		9,533	13,718	23,251
Governance		costs				681	981	1,662
						48,473	69,755	118,228