EVERYDAY CHURCH (A Charitable Company Limited by Guarantee) FtNANCIAL STATEMENrs 31- DECEMBER 2022 *AC94JHU• 03108r2023 COMPAWIES HOUSE 111 Everyday Church London is a working name of Everyday Church (a Company limited by guarantee and register¢d in England & Wales) which 15 a metnlxr of the Evangelical Alliance and part of the Baptist and Newfrontiers families of churches Registered office: 30 Queens Road London SW19 8LR 020 8947 1859 11 0(ric¢veryday.org.uk 11 everyday.org.uk 11 Charity No.. 1150359 11 Company No.. 08158557
EVERYDAY CHURCH CONTENTS Page Trustees Annual Report Independent Auditovs ReFN)rt li Statement of Financial Activities 15 Balance Sheet 16 Cashflow Statement 17 Notes to the Financial Statements 18
EVERYDAY CHURCH TRUSTEES ANNUAL REPORT AND STATEMENT OF RESPONSIBILfTIES 31- DECEMBER 2022 The Trustees, who are also directors under company law. submit their annual report and the audited accounts for the year ended 31" December 2022. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements. They comply with the charity's governing document. Companies Act 2006 and have been prepared in accord8J)ce with Charities Statement of Recommend¢d Practice applicable to charities preparing their &¢counts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015). NAme and address The charity is called Everyday Church (Charity Commission Registration Number 1150359). The address and principal office of the charity is 30 Queens Road. IA>ndon. SW19 8LR. Everyday Church is a charitable company limited by guardntee (Company RegistratiorF Number 08158557). The website is www.eve da Objects The objects of the Charity as ststed in theArticles of Association are: (l) to advance the Christian faith in Greater L4)ndon and in such other parts ofthe United Kingdom or the World as the ditector5 of the charity may from time to time think fit for the benefit of th¢ public. (2) The prevention or relief of poverty or hardship in Greatrr London and in such other parts of the United Kingdom or the World os th¢ trustees of the charity may from time to lime think fit by providing grants. items and services to individuals in need an(Vor charities or oth¢r organisations working to prevent or relieve poverty. Government And Le#dership The church is led by & team of elders. and a separate body of trust¢¢s. Trustees selving are: Mr Clive Gordon Cooke (appointed l November 2022) fr Lucas Palmer Mrs Helen Dennis-smith hIrs Echo Chong Mr Ben Gilson Company Secretary: Mr Peter Wood
The elders and trustees work closely togdher, and ov¢rall responsibility for the day to day operation5 is delegated to Mr SiTnon Elliott (Lead Pastor) who attend5 IStee meetings. The spiritual oversight. government and leadership of the church remains with th¢ ¢lders, who oversee all areas of ministry within the Church. Eldership decisions are made by consensus. The Lead Pastor is r¢sp)nsibl¢ for setting the overall vision and strntegy for the year. He does this in ¢onsultstion wlth the wider Eldership team and the Trustee5. Within these parameiers, the various staff and volunteer ministy leaders &re encouraged to develop their own goals and strategy for the year. All staff and volunteer lead¢rs are encouraged to build, and work, wiihin a team. The contribution of stsff and volunteers is vital to the success of the charity in fulfilling its objectives. The trust¢es are r¢sponsible for the prop¢r management and administration of the assets and income of the charity in furthering its charitable objectives. Trustee matters aTe decided by majority decision. The Constitution p¢rniits the payment of th¢ Lead Pastor as an etnployee of the charity. In consultation with all key budget holders and other 5takehold¢r& the finance teatn working within a finance working group chaired by a trusfre produce a draft budget foT the year to implemeni the Charity's strategy. This budget is then presenl¢d for discussion by the Eld¢rship team and Trustees. The Trustees ultimately approve the budget. Progress during the year is monitored by way of quarterly management a¢¢ounts presented to the trustees. Trust¢es are required to meet at least twice a year, and all de¢isions are minuted. Arrangements for setting remuneration are agreed by the Trnstees at the Budget meeting. Current perforniancelgrowth and external economic factors are all taken into account. Extemai trustees set th¢ remunerdtion for Simon Elliott. Goverlling DoeumeDts The charity was incoryK)rated on 26th July 2012. The governing documents of the charity are the Memorandum and Articles of Ass¢xiation. The governing documents were amended by a certificate of incorpordtion on change of naTne dated 4 December 2012. The charity Was registered with the Charity Commission on 7 January 2013. Trustees, Appointment and Training The charity trnstees are also directors of the charitable company for the purposes of Company tAw. Trustees are appointed in accordance with the Memorandum and Articles of AS$tatIOn. Trustees receive appropriate induction trdinin& copies of governing documenW and relevant external inforn]ation on managing a voluntary organisation including Charity Commission publications. New Trustees are appointed at the discretion of the current Trustees and Elders. Potential Trnslees are asked to VolUnllY sit in on Trust¢e rneetings for a period of time prior to their fonnal appointment. Church Buildings The three church buildings a at 30 Queens Road. Wimbl¢don. London SW19 8LR (principal offi¢¢). 225 Wimbledon Park Road. Southfields. London SWI 8 5RH' and 46 Union StreeL Kingston. KTI IRP. While the London Baptist Prop¢ty Board (LBPB) acts as Custodian Trustee for Southfields and Kingston, a separate trust involving Everyday Church and th¢ LBPB holds the Wimbledon property. Everyday Church tnaintains, repairs and improves all three buildings. and has free use of th¢s¢ premis¢s for worship, ministy. outreach and the life of the church.
The church also owns a house at 5 Clonmore Stree( London SWI 8 SEU which is being used as a Manse to enable the pastor of Everyday Church Southfields io live in the community served by the Church. The London Baptist Property Board (LBPB) acts as Custodian trustee for this property. Main Aetivities and A¢hiev¢ments 2022 marked the first fijll year since 2019 where church life was not hindered by the impact of COVID. Through the year we saw & slow but steady Incre in numbers at our Sunday gatherings and the restarting of work amongst our young people. Sunday Services: Through 2022 we held weekly Sunday services in Southfields (10.'30), Sutton (10-.30 am) and Wimbledon {10=30 and 7=OOpm)- Monthly service5 were being held in Croydon (I I..00). We also held 5 prnyer and worship events in our Kingston Venue. Southfields and Wimbledon venues also mad¢ their servi¢¢s availabl¢ via Zoorn to those who were unable to attend baUse of increased vulnerability andlor mobility issues. We have experienced growth amongst all our Venues. In our Croydon V¢nu¢ w¢ also started a monthly Prayer on the Streets activity on a Sunday mornin8. This initiative, togeth¢r with weekly life groups in Croydon has meant that in 2023 we will be looking to relocate Sunday services to a more accessible location which will enable the Croydon Venu¢ to start meeting twice a month on a Sunday. 2022 was very much a fallow year for our Ktngston Venue, though we have had a midweek life group meeting throughout the year. In 2023 our aim 15 to work wilh this Life Group. the wider Everyday Church Family. and partners from the New Grourkd Family of chur¢h¢s to create pathways for growth that will lead to a relaunch of Tegular Sunday services in 2024. Online Services: Our online services ¢ontinu¢ to sery¢ th¢ local. national and international church. These services are available on the houT every hour and from a Monday morning are also available on demand. An international online life group m¢ets each week by zrM)m as well as a rolling Fa¢¢book life group throughout the week. Ouronline service is part of our digital presence. The semion for the Onlin¢ Service is also available for all ndon Venues and allows for Video preaching in these venues when required. At certain points all V¢nu¢s will show the same video preach as a way of conn¢¢ting as one church in many venues. These video messages are also available on YouTube together with weekly video Devotions. Life Groups Mid-week Life Groups continue to be a vital part of Everyday Church. In a growing church in a city like IA)ndon, it is impossible for anyone to know everyone, but it is vital that everyone is known by someone. Life Groups provide the context for this to happen in practice. Life Groups are the building block of church life and create space for accountsbility, prayer, bible SdY and pastoral care. Life Groups are also encourdged to look yond themselves and reach out to th¢ community around them. Life Groups are supported through the provision of study material. the input of more senior leaders and regular trdining opportunitie5. Alpha Alpha is still a key part of Everyday Churches commitment to the gospel of salvation. During 2022 we moved from online courses to mvting in person. In 2023 we are hoping to include weekends away as part of our Alpha Courses to give more time for relationship building and to make space for teaching on the Holy Spirit. Baptisms.. We baptised 6 people. during 2022
Cburcb Family Fund: We continue to operate the Church Fatnily Fund created in 2020. This makes available grants of up to £500 for church members or those closely connected with the church to receive practical and financial support. Though we began to experience freedom from COVID in 2022. the war in Ukraine and the subsequent impact on fvel price5. together with a high level of inflation, has made the Church Family Fund an increasingly importhnt resource. The generosity of the church has been shown by individuals giving designated gifts for the fund, and others giving gifts direct to individuals they know to be struggling. Children and TeenAgers: As mentioned in the 2021 report it was the next generdtion that were most impacted by COVID and the lo¢k down that ensued. Through 2022 we 5tart¢d to rebuild our work with the next generdtion. All our Venues now have some level of provision for 0-18's in their Sunday services and we relaunched our Friday night youth work across our venues in 2022. By the end of the year this was running once a month, with a plan to move to twice a month in January 2023. Although it has proved very difficult to recruit new Youth and Children's workers to serve our activities we are setved by a hard working staff team and loyal volunteers. We were able to recruit a Youth Leader in our Wimbledon Venue for 6 months of 2022 and this meant we were able to take 27 teenagers to NEWDAY a 6 day youth camp run in August. This was a huge blessing to the young peopl¢ who attended. Recruiting to the vacant staff roles in this area is a key tsrget for 2023. So¢ial A¢tioll (UK): Everyday Church continued to serve the poor and mar8in&lised in our community. We collected food for local Food Banks throughout the year. ran Christians Against Poverty money courses for those in debt and participated in Operation Christsnas Child, filling shoeboxes with gifts for hildren in poverty acr055 the world. We also made gifts to Charities that work amongst the poor, including to local Food Banks and Community Aciion trusts. The lifting of COVID restrictions also meant that we could play our part in a local hom¢l¢ss initiative and help other churches across Merton provide overnight accommodation through November, December and in lo January. Social Action {Global): Over l 00 members of Everyday Church continued to sponsor ¢hildr¢n through the charity Compassion. Connecting us as a church with a specific community in Africa. Everyday Church also continued to provide ongoing supw)rt to Empart and to Love and Compassion in Action (LCA). which engage in social action and church planting in India. We are a paTtner church with the harity Jubilee Plus which works across rnultiple churches ond church networks to help equip and empower local churche5 to care for the poor in their locality. Simon Elliott also spoke at the national Jubile¢ Plus conference in November. L*ader5bip Growtb Throughout 2022 we have worked hard at building a strong team Cultu rO$S Everyday Church. All staff are offered a wellbeing interview with an external HR ¢onsultani. The staff team meet weekly for lunch and bi-weekly for training and team building. In 2022 Everyday Chur¢h worked with an external training wnsultant-Team Training Europe-to work on effective teamwork and emotional intelligence. Although some staff roles remain vacant at the end of 2022, and filling these tK)sts remain5 a high priority for 2023, the addition of a specific Venue Leader for Wimbledon has been a huge benefit. Mr Tim Maton joined as Wimbledon.Venue Leader in August 2022. This has relwed Mr Sirnon Elliott to focus on his role as L£ad Elder of the whole church. Through 2022 regular events were planned that gathered all staff. Elde and Trustees from across the whole church. This was done to reinforce and strengthen the value of team leadership &s a core value of Everyday Church. Individual Venues have also worked hard at broadening and diversifying their leadership teams. These were som¢ of th¢ highlights of 2022 for Everyday Church. as we continued to m¢¢1 our charitable aims.
IAboking forTv#rd 2022 felt like the final year of leading Out of a trdumatic few years. and although it brought fresh challenges. especially in ternis of th¢ UK economy. it does not feel like w¢ ar¢ looking forward as a church. 2023 will be a key year in ternis of filling existing staff vacancies and creating part time leadership roles for Croydon and possibly even Kingston. Both the growth in Croydon and working towards a strategic relaunch of regular seryic¢s in our Kingston Venue provide opportunities to build church around the priority of Kingdom impact of the church scattered as well as maintaining the importance of the church gathered. 2023 will be an important year for our physical infikn¢r¢. Our Southfields and Kingston buildings require major structural work. and we must b¢ ready for this to impact our cash balances. Our Sutton and Croydon Venues are seeking more accessible venues to facilitate Ix)th the growth and demographi of their congregations. 2023 will see a restating of our core vision and value5 a5 we remind ourselves that what w¢ do as Kingdom Bringers, flows out of who we ar¢ as Image Bearers. We will walk through the iNx>k of Exodus as a church and a key focus of the year will be to increw the level of prayer both personally and corpordtely. Although we meet in different venues on Sundays. our common Vision and Values, together with common Sunday teaching will mait)tain our value of being one church. However, within this unity of relationship and purpose we will also look to delegate key decisions to the I1 Venue Leadership teams. We want to keep our r¢]ationships strong and our structure5 simple. We will continue to equip. empower and encourage volunteer l¢aders. Delegating without abdicating as V4e seek to release all members of Everyday Church inio effectiv¢ mTnisty when they are gathered and wh¢n they are scattered. We will also look to prioritise the next generation by building a culture that sees every g¢neration carrying a burden to pas5 on their faith to those following them. Summary Dashboard for 2022 Jan-22 420 457 55 NIA Jan-23 501 429 65 30 Av¢ra e Sunda attendance Aduli membershi O-I I's included in Sunda Frtda outh tisms in ear Active Life Grou uests in ear Average giving per giving household Number of ni ht 33 30 34 £193.5 281 ivin households Public Benefit Th¢ trusl¢¢s have had regard to the Charity Commission's guidance on public benefit. CoDtributioD of voluD¢e¢rs Time spent by volunteers who assist in helping the church deliver its mission has not been included in the accounts.
Financi21 Review The income and expendithre of the charity is laid out in the financial statsments on pages 1510 27. The ¢harity continues to rely on the generous support of its members. Unrestricted offerings and gifts amounted to £691.553 (2021.. £756,490). We consider this level of offerings to be remarkabl¢ evidence of God's 8race. and of the generosty of His people in such unprecedented times. The charity produced an U[estriCted loss of £31.870 (2021 £37.618 loss) on unrestricted fvnds before transfers. The charity had designated funds of £163.526 (2021: £163.526). This was designated for church planting and staff Costs. Throu8h 2022 we hav¢ been reviewing this designation in the light of some significant structural work that will k needed in our Kingston and Southfields building5. These discussions will involve a number of bodies. but we would expect decisions to be made in 2023. The Restricted funds balance is mainly attributed to the Church buildings. In 2022. income was mainly Special offerings of £32.172 including gift aid for outward giving. The balance of Restricted Funds at the end of the year is £4.629.326 {2021= £4.678.532)- The church deposited some of its cash resources in deposit kccounts with Barclays, Alderniore and Cambridge & Counties Bonks. The Trustees Consider the Church's list of regular UK and overs¢as donations on an annual basis. Reserves The trustees aim to keep amount at leastequivalentto three months'worth of unrestricted expendire in Reserves for operational needs. Thi5 amounts to £274.658 (2021: £282,902). The amount of readily realisable Unrestri¢ted Res¢rves held at 31° De¢emb¢r 2022 was £501,809 (2021.. £527.223) and the balan¢e will be used to fund future growth. Rudily realisable reserves comprise that part of Unrestricted Resetwes represented by net current assets (Ls shown in note 12 on page 26). excluding debtors due after more than one year. Principal External Advi5er5 Principal Bankers Barclays Bank Pl¢ 8 Alexandra Road Wimbledon, SW19 7JZ www.barcla s.co.uk Solicitor5 Max Wiley & Co 13a Fish Hill Holt. Norfolk, NR25 6FtN h -/lmaxwile solicitors.co.ukl Auditors Brewers Chartered Accountants Bourne House. Queen StreeL Gomshall, Surrey, GU5 9LY h :Ilvn¥w.b -brewers.coml
Links Everyday Church is a member of the Evangelical Alliance, amd part of the New Ground (Newfrontiers) and Baptist families of churches. Risk Register and Polieies The trustees are responsible for monitoring and controlling risk and have assessed the major risk5 to the charity. A Risk Register has been Completed. and poli¢ies put in place for th¢ major risk areas includin8 Safeguarding, Health and Safety. Fire Safety and Data Proiection. Church assets are adequately insured through the Baptist Insurance Company. Connected Charities The Queens Road Monse Trust (QRMT) provides housing forthe us¢ ofth¢ church and those in ministy in the church, mainly through shared equity. The rental income r¢¢eived by QRKf from one of its properties was gifted to the church to help fund the costs of youth work.. The church 15 responsible for the maintenance. repair and improvement of this property and enjoys the benefits of ownership. All propety partly owned by QRMT is in a good state of repair. Th¢ Rowlett Trust (Charity Number 235481) exists to relieve poverty amongst needy members of the church and others seeking support through the provision of grants towards the costs of accommodation, healthcare services and other facilitie5. The trustees of both trusts are members of Everyday Church.
STATEME[ OF TRUSTEES, RESPONSIBILTfIES The trustees (who are also ditOrS of Everyday Church for the purposes of company law) are r¢sponsibl¢ for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Ac¢ounting Practice). Company law requires the trustees to Ppare fanCial ststements for each financial year whtch give a tru¢ and fair view of the state of affairs of ihe charitsble company and of the incoming resources and application of resources. including the income and ¢xp¢nditure, of the charitsble company for that period. In preparing these financial statetnent& the tmstees are required to: P select suitable accounting policie5 and then apply them consistently. observe the methods and principles in the Charities SORP- make judgments and accounting estimates that are reasonable and prudent. state whether applicable trKAccounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements- and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitsble company will continue to operate. The trustees are responsible for keeping adequate accounting records that disc105e with Teasonabl¢ accuracy at any time the financial position of the charitable company and enable them to ensure that th¢ finamcial statements ¢OTnply with th¢ Companies Act 2006. They are also responsible for safeguarding the assets of the charitable ¢ompany and hence for taking reasonable steps for the prevention and detection of fraud and oth¢r irregularities. In so far as the tnjstees are aware.. there 15 no relevant audit inforniatii)n of which the ¢haritabl¢ Company's auditor 15 unaware. the trustees have taken all step5 that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Thi5 report has been prepared in accordance with th¢ spla1 provision5 of Part 15 of the Companies Act 2006 relating to small companies. Approved by the Trust¢¢s on l 91 H ?LlL-, 2023 and signed on their behalf by: H Dennis-smith Chair of Twstees L J Palmer Trust¢¢ io
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EVERYDAY CltirRCH Opinion We have audited the financial statements of Everyday Church (the 'charitable company.) for the year ended 31 December 2022 which comprise the Statement of Financial Activities. Balance Shee¢ Statement of Ca5hflows and notes to the financial statements. including a summary of significant accounting policies. The fmancial reporting framework that has been applied in their pr¢paration 15 appli¢abl¢ law and United Kingdom Ac¢ounting Standards. including Financial Reporting Stsndard 102 The Financial Reporting Siondord applicable in thÈ UK and Republic OJ Ireland (United Kingdom Generally Accepted Accounting Prdctice). In our opinion. the financial statements: give a true and fair view ofthe state of the charitable company's affairs as at 31 December 2022 and of its incoming resources and application of resources, including its in¢ome and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the Tequirem¢nts of the Companies Act 2006. Bgsis for opinion We nducted our audit in accordance with International Standards on Auditing (UK) (tSA5 (ttK)) and applicable law. Our responsibilities under those standards are fvrther described in the Auditor's responsibilities for the audit of the finanriai statem¢nts section of our report. We are independent of the charitable company in a¢rdance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and w¢ have fulfilled our other ethical responsibilities in a¢cordan¢¢ WTth these requirements. We believe that th¢ audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. CoDclu$ions relating to goiog concern In auditing ihe finan¢ial statementy we have concluded that the trustees. use of the going concern basis of a¢¢ounting in the preparation of the financial stst¢ments is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast significant doubt on the entity's ability to continue as a 80ing concern for a period of at le&st twelve months from when the financial statements are authorised for issue. Our pOnsIbIlItIeS and the r¢sFK)nsibiliti¢s of the tmstees with reSpt to gotng ncern are descrtbed in the relevant sections of this report. Oiher information The other inforniation comprises the infomiation included in the annual report other than the financial stat¢m¢nts and our auditor's report thereon. The trustees are responsible for the other inforniation contained within the annual report. Our opinion on the fmancial statements doe5 not cover the other inforniation and. except to the extent otherwise explicitly ststed in our repor( we do not express any forn] of assurdnce conclusion thereon. Our Tesponsibility 15 to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of th¢ audit or otherwise appears to Ix materially misstated. If we li
identify such material inconsistencies or apparent material mTSStatements, we are Tequired to determine whether this gives rise to a Tnaierial misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomlation, we are required to report that fact. We have nothing to report in this regard. Opinions OD Other matters prescribed by the Companies A¢¢ 2006 In our opinion, bas¢d on th¢ work undertaken in the course of the audit.. the infornjation given in the trnst¢es' reporu which includes the directors. report prepared for company law purpKJses, for the flnancial year for which the financial statements are prepared is consistent with the financial stat¢ments' and the directors. report included within the trustees, reix)rt has been prepared in accordan¢¢ with applicable legal requirements. Matters on which we are required lo report by exception In thc light of the knowledge and und¢rstandin8 ofthe charitable company and its environment obtain¢d in the course of the audit. we have not identified material misstatements in the twstees, report. We have rlothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion: adequate accounting records have not been kepL or returns adequate for our audit have not been received from branches not visit¢d by us- or the financial statements are not in agreement with the accounting record5 and returns. or certain dts¢losures of tn]stees' remunerdtion specified by law are not made. or we have not received all th¢ inforniation and explanations we require for our audit. or the tru5tees' were not entitled to prepar¢ the fmancial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing th¢ trustees. report and from the requirement to pr¢par¢ a strategic report. RespoDsibilities of trnstees As explained tnore fully in the tswste¢s' responsibilities statement set out on page 10 the trustees (who are also th¢ directors of the charitable company for the purp)ses of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees detemiine is n¢¢¢ssary to ¢nable the prepardtion of financial statements that are free from material mi55tatemeni whether due to fraud or error. In preparing th¢ financial statements. the trustees are resp)n5ible for assessing the charitable company's ability to ¢ontinue as a going concern. disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trusfres either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. 12
Auditor's responsibilities for the audit of the fiD•lleial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Re&sonable &ssurdnce is a high level of assurance, but is not a guardntee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements Can aris¢ from fraud or ¢rror and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-¢ompliance with laws and regulations. We design procedures in line with our responsTbiliti¢s, outlined above. to detect material misstatements in respect of irr¢gularities, includin8 fraud. The extent to which our procedures are capable of detecting irregularities. including frdud is detailed below. Based on our discussions with the charity's management and the Tru5tee4 we identified that the following laws and regulations are significant to the entity.. Those laws and regulalions considered to have a dIt ¢tTe¢t on the financial statements include UK financial reporting standards and Chority Law. Those laws and regulation5 for which non-compliance may k fvndamental to the operating aspects of the charity and therefore Tnay have a material effect on th¢ financial statements include cotnpliance with the charitable obje¢tiv¢s. public benefiL safeguarding and health and safety legislation. These matters were discussed amongst the engag¢m¢nt team at the planning stage and the team remained alert to non-compliance throughout the audit. Audit procedures undertaken in response to the potential risks relatin8 to irregularities (which include fraud and non-compliance with laws and r¢gulations) comprised of= inquires of management and the Trustees as to whether the entity complies with such laws and regulations" enquiries with the same ¢oncerning any actual or tentIal litigation or claiwns- inspection of r¢l¢vant legal correspondence. review of Tntstee meting minutes. tesiing the appropriateness of journal entries. and the performance of analytica] r¢vi¢w to identify unexpected movements in account balances which may be indicative of fraud. No instances of material non-compliance were identified. However the likelihood of detecting irregularities. including fraud. is limited by the inherent difficulty in detecting irregularities, the effectiveness ofthe entity's controls and th¢ nathre, titning and exteni of the audit procedures perfornied. Irregularities that result from fraud might be inherently more difficult to detect than ]egularl1]eS from error. As explain¢d above ther¢ is an unavoidable risk that material mismtemenls Iiiay ilot be d¢tect¢ even though the audit has been planned and perfornied in accordance with ISAs(UK). A furth¢r description of our responsibilities for the audii of the fInancial statements is located on the Financial Reporting Council's w¢bsit¢ at: s'.Ilww.frc.o .uklauditorsre5 nsibilities. This description fomis part of our auditor's r¢y)rt. 13
Use of our report Thi5 report is made solely to the charitable company's Tnembers. &8 a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we migltt stale to the charitable company's meTnbers those matters we are required to state to them in an auditor's report and for no oth¢r purpos¢. To the fullest extent permitt¢d by law, we do not aG¢¢pt or assume responsibility to anyone other than th¢ ¢haritable company and the charitable o)mpany's members as a body, for our udit work, for this TeporL or for the opinions we have fomied. Andrew Skilton (Senior Statutory Auditor) For and on behalf of Brew¢rs, Ststutory Auditor Bourn¢ Hous¢ Queen Street Gomshall Surrey GU5 9LY 14
EVERYDAY CHURCH STATEMENT OF FfNANCIAL ACTtvtTtES FOR THE YEAR ENDED 31" DECEMBER 2022 Nots UArtStritted Destgnated Restricted Total Funds Funds Funds Fund5 Yewr Endtd 2022 2022 2022 2022 Totsl Funds Ytlr Ended 2021 rNCOME AND ENWWMENfs FROM: Donaiions ldIegO¢{E Offcrings and gifts InGoTn¢ tox rKoverabl¢ Jncomefrom choriioble aciitriiie Youth 691.553 131502 32,223 723.776 132.502 799.434 155.547 Rental of church accomfflodation Incomefrom oiher Irading irtcome Ren[ of church prtrnises Incomefrom Investments Irbtercst Other Jncome F¢¢s forN¢w Grourtd Academy Other TOTAL EXPENDITUPE ON.. Charitsble Activities mS1o1ryOchorIthhl¢sIvlThg.' Horne and oveTs¢8s gifts Staff costs ctc. 26,580 26,580 195.450 195,450 165.796 4.301 4.301 2,374 38.798 16.375 1.066.761 16.375 1 183.958 113.867 476.429 11,7 15.632 5.743 129,499 481172 11,700 28.038 162.754 545.660 4.700 Contractor5 N¢w Ground Acaderny Tnining Evangelism Events 2&038 891 7.953 4.723 1.971 2.353 209 2.733 3.639 91 2.733 Youth and ¢hildren'$ work 3.639 91 Publicity ond adv¢rtlSlDg B)kI tapes and flowers Refrrshments and hospitslity ChuT¢h rutlA8 tspenses Buildings Tnainienan(% Othcr 1.106 3.531 100.255 132.537 2.000 965.843 4.749 19.5 141.565 4.749 119,504 141,565 881230 50.304 932,534 Suppori Cosis Staff costs et¢. l65.9l9 5.754 17,627 165,919 36,576 17.930 2.406 24.695 247 526 1.180,060 181.0761 189.994 36.576 18,332 2,975 30.751 278 628 1.244.471 (60,513) Depre¢iation Bank rhargcs ar subscriptioThs Interest on 108ns 30.822 303 Govematlce costs 24.695 216401 1,098,631 (31,870) TOTAL NET EXPENDITUPE) 81.429 {49.2() Transfer from restricted io NET EXPENDITURE AFTER IRANSFERS NET MOVEMENf IN FUNDS {31.870) {49.2[) 181.0761 (60,513) 15
Balantes blfwd at 1st January 2022 Balancts clfwd at 31Jt Dtttmber 2022 1.176.642 144 772 EVERYDAY CHURCH BALANCE SHEET AS AT 31- DECEMBER 2022 TOTAL 2022 163.526 4.678.532 163.526 4.629J26 6,018.700 5 937 624 6.079,213 6018700 TOTAL 2021 Notes FIXED ASSETS Tangible fixed assets CURJiENT ASSETS Deblors wiihin one year Debtors after one y¢ar 5.284.586 5.321.162 39.221 57.168 39.221 714.849 754.070 62,168 770 132 832.300 Cash at bank and in hand Creditors due within on¢ year Creditors 38.732 NET CURREKf ASSETS 715.338 764,135 Total Assets less cent Liabilities 5.999.924 6,085.297 Creditors due after one year (62,300) (66,597) 6.018.700 IYET ASSETS 5.937.624 UNRESTRICTED FLfNDS General funds 1.144.772 163 526 1.176.642 Designated fvnds Total unrestricted funds li 163 526 1.308.298 1,340.168 RESTRtCTED FUNDS Restricted funds io 4 629 326 4.678.532 TOTAL CHAIUTY FUNDS 5,937.624 6.018.700 The fin8n¢ial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Under the Companies Act 2006 section 454. on a voluntary b&sis the tn]stees can amend the financial statements if they prove to be defective. Approved by ihe Trustees on IQTH 2023 and signed on their behalf by.. (ll H Dennis-smith Trustee LJ Palmer Trustee 16
EVERYDAY CHURCH STATENT OF CASHFLOWS ST FOR THE YEAR ENDED 31 DECEMBER 2022 TOTAL 2022 TOTAL 2021 Notes Net cash used in operatiDg activities 17 Cash flows from investing etivities: Interest from inv¢sthients Interest ld Net Cash provided by ittyesting activities 4,301 2.406 I95 2.374 2,975 601 Change in cash and csh equivaleDts in tbe reporting period 55283 98,050 Analysis of cash and ¢*sh equivalents Cash at bank and in hand 714,849 770,132 17
EVERYDAY CHURCH NOTES TO THE FtNANCEAL STATEMENTS FOR THE YEAR ENDED 31- DECEMBER 2022 l. A¢¢otsllting Policies The financial Statements for the entity Everyday Church which meets the defmition of a public entity under FRS 102 have been prepared in ac¢ordance with the Companie5 Act 2006 and appIlble Acwunting Standards in the United Kingdom including the Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Fin8n¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiv¢ l January 2015). The date of transition to FRS 102 was l January 2015. There was no impact on the financial statements as a result of this transition. The accounts are prepared on an accruals b&%is and include income and ¢xpendityre a5 they are earned or incurred. On 31 st December 2012 the &ssets. liabilities and all the work of Queens Road Church (Charity No 1133177). Southfields Baptist Church (Charity No 1139710) and Kingston Baptist Church were transferred to Everyday Church. From I st January consistent accounting policies have been applied as set out below. Presentational currency is in £ sterling. Rounding is £1. JNcoTrtE Volunt#ry Income Donations under gift aid, tog¢th¢r with the associated income tax recovery. are recognised when there is evidenee of entitlement to the gtft and its amount can be measured reliably. Legacies Lega¢i¢s r¢¢ognised vthen it is probable that they will be received. VAT The charity is exempt or zero rated for VAT purpose5 and does not charge VAT on any income. Consequently, no VAT can be reclaimed on costs and the VAT is added to the accounts. GeDer41 Expenditure Expenditure liabilities are re¢ognis¢d when th¢ré is a legal or constructive obligation committing the Charity to the ¢xpendTture and that it is probable that the settlement may be required and the amount Can be measured with reasonable accuracy. Missiollary alld charitable giving Donations are accounied for when paid over. or when awarded, if that award ¢reat¢s a bindingobligation on the church. 18
EVERYDAY CHURCH NOTES TO THE FtNANCIAL STATEMENrs FOR THE YEAR ENDED 31" DECEMBER 2022 Staff tosts These costs are allocated between 'Activities directly relating to the work of the church, and 'Support Costs, on the basis of the principal areas of work of the staff. Time spent by volunt¢¢rs who assist in helpin8 the ¢hur¢h d¢liver tts mission has not been included in the a¢¢ounts. Redundancy payments are made at least in line with statutory requirements. Pension scheme Defined contributions made to a money purchase scheme are charged to th¢ Statement of Financial Activities in the period to which they rela1¢. OperAting leases Leas¢s where substsntially all the risks and rewards remain with the owner are cl&ssified as operating leases. Receiptsl Payments made under operating le2ses are recognised in the Statement of Financial Activities on a straight line basis over th¢ period of the lease. Churcb Buildings Following consultstions between the Charity Commission. the Elders and the ndOn Baptist Property Board ("LBPB") a scheme was agreed requiring the establishment of a Separate trust to hold the prop¢rties. The church members appointing 2 Trustees. The Lead Pastor is ex oiTicio. LBPB appointlll8 one Trustee. The Scheme provides certain limited rights to the LBPB. otherwise th¢ church has unf¢tter¢d us¢ of the building. Consquently, the propety i5 included in the accounts 5ubje¢t to a restricted fund which represents the lirnited influence of the LBPB. Properties lo¢at¢d in Southfields and Kingston are held by the LBPB &s custodian bwstees for Everyday Church. Consequently. all buildings are held in restricted fijnds. The Trv5tees have elected for church buildings already held at l January 2015 to adopt as their deem¢d cost previous valuations in accordance with th¢ transitional provisions available under FRS 102. Depreciation of fixed assets is calculated to write off their cost over th¢ir estimat¢d useful lives follows: Freehold building5 10/0 5trdight line Furniture and Equipment 2511/0 straight line PA System 33.30/0 straight line Boiler IOO/o Straight lin¢ Additions are capitalised if their cost exceeds £5.0(K). Debtors Debtors are rne&sured at settlement amount net of any discount. Creditors Creditors are m¢asur¢d at settlement amount. 19
EVERYDAY CKURCH NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31- DECEMBER 2022 Concessionary loans Included within debtors is a concessionary loan to Oasis Church. a plant which was establish¢d in 2003. The basis of the loan was to 15t wtth the launch of the new church and tern15 of repayment are as per not¢ 7. Included within creditors are concessionary loans from Philw)tt and the Rowlctt Trust for the rethrbishment of the Kingston venue. The ternis of repayment are as per Not¢ 9. Financial instruments The charity only has financial assets and liabilities.that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement. UnrestTiCted futsds Unr¢stri¢ted funds are spent or applied at the discretion of th¢ truste¢s to fvrther any of the charity's purposes. Restricted funds Restricted funds are generally a result of an appKal for fimds for a specific purpose. When making the gif¢ the Specific use is d¢¢lar¢d by the donor. All costs applied against the fund are in accordance with that specific purpose. Designated funds D¢si8nat¢d funds remain part of the unre5trithd funds of the ¢harity. The designation has an administrative purpose only and does not legally restrict the tTUStees' discretion in how to apply the unrestricied funds that they have designated. Going Concern The trustees confirni that there are no material uncertainties about the charity's &bility to continue for the foreseeable future. The trustees are of the opinion that the charity will have sutYici¢nt Tesources to meei liabilities as they fall due. Estim2tu and Judgements The most significant areas ofjudgements that affect items in the accounts are detailed above. 20
EVERYDAY CHURCH NOTES TO THE FtNANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 DECEMBER 2022 2. Missionary aDd Charitable giving Included in this total e donations made to the following.. 2022 2021 Charity or Company No. (if applicable) 6281483 1163285 1101165 26580 251549 1012566 New Ground Empart UK Faith in Action Merton Homelessness Project Finnies Foodbank - Wimbledon Frontiers- D & C Eitzen Joel Kendall Jubil¢e+ Junction Community Tn- Wandsworth foodbank Kingston Chuwh¢s against Homelessness Love & Compassion in Action Open Doors Options Pregnancy Wimbledon Power the Fight Samaritan's Purse Street Pastors, Merton St Georges Student Union - Christian Union Sutton Community Works Sutton Schools Works Wycltffe UK Limited Moore Family leaving collection Family fund payments to indtviduals all under £500 48,437 10,000 15,000 42,000 20,000 500 1,500 9,314 2,500 3,000 1.000 2.000 10.000 11,814 1,000 1,500 3,500 3706 1149780 1075890 1146221 1125684 1112366 1181143 1001349 1127204 1143020 1140363 574038 251233 3.000 1.000 1,000 10.000 6,000 1.000 8,000 431 1,000 500 5,000 ,000 9,714 1,000 500 5.000 1.000 40.000 4.907 3,000 160.035 2,719 126,082 3.417 Others 21
EVERYDAY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEER 2022 3. Staff costs 2022 2022 2022 2021 2021 2021 Ministy Administration TOTAL Ministy Administration TOTAL Salaries National Insurance Pension costs 396,305 37.015 137,846 534.151 11.967 48.982 450.265 40.100 159.624 609,889 12.552 52.652 470.390 11,782 482 172 164.312 634,702 1,607 165,919 648,091 537,128 189,011 726.139 983 9.515 189,994 735 654 Other costs 545,660 Absolute numbeT of ¢mployee5 during the year: 15 22 21 28 The key management personnel of the charity comprise the trttees and the Centrnl Leadership Team. Only one employee receives total employee benefits of greater than £60.000, being in the £60.000 to £70.000 banding. The ¢harity trusttts do not receive remuneration. The total r¢muneration of th¢ key management personn¢l was 242.290 (2021.. £216,980). 4. Church running expenses 2022 2021 Heat. Itght and water rates Insurance Cleaning Printing, postage and ststionery Photo¢opier and prtnting expenses Telephon¢s, fax, e-mail and website Website Computer and other consumables Buildings including venue hire 29.174 16,441 2,312 881 1.472 8.536 2.370 35.895 22,423 119.504 27.918 15.325 1.656 1.052 2.018 8,707 3.047 31.485 9,047 100.255 Total operating le costs were £19.728 (2021 £6.178) in respect of Venue Hire. Other expenditure Other expenditure 22
EVERYDAY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST DECEMBER 2022 Governall¢e costs Legal and professional Norh audii fees- accountAney 2nd payroll Audit 7.637 7.698 13.693 7,698 30,751 Furnilure Fixed assets Freehold PAIAV System property Equipment Total C05t 3 Ist December 2021 Additions Disposals 31st December 2022 6.531,663 166.624 74.471 6.772.758 6.531,663 166.624 74,471 6 772 758 Depreciation 3 1st December 2021 Charge for year Disposals 31 st December 2022 .256.051 30,822 121.074 5,754 74,471 .451.596 36,576 1,286.873 126 828 74.471 1.488,172 Net book value 3 1st December 2022 5 244 790 5.284,586 3 1st DeceTnber 2021 5.275.612 45.550 5.321 162 Following the establishment of a Charity Commission scheme. an infornial valuation of the property in Wimbledon {30 Queens Road) indicated a value of £2,490,000 at 3 1st December 2008. In Southfields. the two properties owned by the Church have been revalued based on a valuation undertaken by Mr Brian Carter MIUCS as at 31 st March 2009 and included in the Balance Sheet at that time at Valuation. The historical Cost of the Church Manse (5 Clonmore St) was £48,000. The Church building in Witnbledon Park Road was constructed in 1906 and its histori1 cost is not known. Everyday Church has the following hire commitments: Smart South hires a Fortion of the building in Southfields for £12,700 (2021.. £12.275) per month. The current hire agreement ends on 31 August 2028. with a total commitment of £1,031,100 with £147,300 in one year, £589,200 in 2 to 5 years and £294.600 in more than 5 yeaTS. 23
EVERYDAY CHURCH NOTES TO THE FtNANCtAL STATEMENTS ST FOR THE YEAR ENDED 31 DEcEBER 2022 7. Debtors 2022 2021 Amounts falling due within one year: Sundry debtors and prepayments Income tax recoverdble Loan- Oasis Church 16,265 17,956 5,000 39,221 15,196 36.972 5.000 57.168 Amounts falling due after one year. Loan - Oasis Church (interest free) 5,000 39.221 62,168 The concessionary loan to Oasis Church w&$ made in 2003. Capital repayment is £S,OOOpa over 15 years commencin8 December 2008. 8. Creditors 2022 2021 Amounts falling du¢ within one year.. Sundry creditors and acCnlS D¢posit- Smart South Loan - Philpott Loan - Rowlett 24.435 i 0.000 43.868 i 0,000 i 0.000 4297 4.297 38.732 9. Creditors due after one year Rowlett Loan 62,300 62.300 The following concessionary loans existed in the year and previous year5.. Rowlett Loan - Interest is payable at a rat¢ of 3.50/0 pa amounting to £2.406 in 2022 (2021.. £2975). Capital repayment ¢omm¢nced in September 2015. The total amount due after 5 y¢ors will be £45,114 (2021.. £49.411). 24
EVERYDAY CHURCH NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31- DECEMBER 2022 10. Restricted fuDds Balance ID¢oming Resources B212nce 31112r2021 Expenditure Transfers 3111212022 a) Building Funds b) Other specified gifts c) New Ground Academy d) Everyday Difference e) Church Buildings March 2017 special offering O¢tober 2018 special g) offering November 2020 special h) offering i) Samaritan's Purse 56 307 56 307 21,316 3,391 4.610.145 17,423 51 (21.367) (892) (30,822) 2,499 4,579.323 17.423 8.578 8.578 7.321 431 9.564 (3.050) (431) (9,564) 4,271 i) May 2021 special off¢ring October 2022 special k) offering l) Famity Fund 26.392 (15,303) 11.089 4.678.532 32,223 81.429 4,629.326 The Building Fund represents funds pmvid¢d to fvnd future building work. Other specified gifts represent sums authorised to be paid in excess of the amounts specified by the donors. New Ground Audemy represents funds provided for a leadership training course. Everyday Difference represent5 funds provided for social action and homelessness. 30 Queens Road Wimbledon, 225 Wimbledon Park Road. Southfields and 46 Union StreeL Kingston are the buildings used by the church (see Note l). Donalion received was to help reduce the loan for the refurbishment works. March 2017 Special OfferÈng represents funds provided to ¢nable the Church to urkdertake improvements to its buildings and to contribute to the expenses of some of its new venues. October 2018 Special Offering represents funds provlded to invest in the next generation. November 2020 Special offering represent funds for New Ground and outsvard giving. Samaritan's Purs¢ represents llds provided for postage cost of sending shoe knxes filed with Christmas gift overseas. May 2021 special offering was for Wyclifft UK bibl¢ translators October 2022 Spe¢ial Offering represents fijnds provided to Faith In Action for the Winter Night Shelter in Wimbledon. Family Fund represents monies held for families in need. b) d) h) i) k) 25
EVERYDAY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 Isf DECEMBER 2022 11. Designated Funds Balance Balance 31112r2021 lkneome Expenditure Trnbsfers 3111212022 Legacy Family fund 163.526 163.526 163.526 163,526 Through 2022 the Trnstees have b¢¢n reviewing the legacy designation in light of some significant structural work that will be n¢¢ded in our Kingston and Southfields buildings. These discussions will involv¢ a number of bodies. but w¢ would expect de¢isions to be made in 2023. Analysis of net a55ets 12. by fuDd Ullrestricled Funds Designated Funds Restricted FuDds Total Funds 2022 Fixed assets Current ass¢ts Current liabilities Net current A&8ets 705.263 540,541 4.579,323 50.003 5284.586 754,070 163.526 501.809 163.526 50,003 715.338 Total assets less current liabilities 1.207.072 62,300 1 144 772 163.526 4.629.326 5.999.924 Long t¢mi liabilities Fund Balance 2022 163,526 4.629.326 5.937,624 Fund Balance 2021 1.176.643 163,526 4.678.532 6.018,701 13. Transactions with Trustees Trustees received the following sums under Contracts of Employment (including pension ¢ontributions) in respect of their work for the church.. 2022 202J P Moore Salary Pension Expenses reimbursed- travel 73,108 5.867 78,975 The paymenl to P Moore und¢r a contrnct of employment as Lead Pastor is auihorised in the Church's constitution. No other expenses were reimbursed to any other Trustees during the year or prior year. Within unrestricted income excluding gift aid £19.340 (2021: £21.200) was donated to the church from th¢ Irust¢es and other related parties collectively. £0 (2021.. £200) was donated collectively to restricted funds. 26
EVERYDAY CHURCH NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST DEcEBER 2022 14. Related parties Qu¢¢ns Road Manse Trust (QRMD is related to th¢ ¢hurch. For further details see the Trustees report page 9. .Donations totxlling £10,875 (2021-. £I9.015) were made by QRIrfT to the church. Rowlett Trust 15 related to the church and as at 31st D¢ttmber. the church has a loan from Rowl¢tt of £66.597 (2021.. £70,894) as per Nofr 9. 15. OperatlDg lease ¢ommitmeJJts The following operating le payments a ¢ommitted to be paid within one year.. 2022 2021 Within one year Between one and five years 4,080 4,080 8.160 16. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES 4,080 12.960 Total Funds Year Ended 2021 STATEMENT OF FINANCIAL ACTtvrrIES Unrtstrided Designated Restricted FOR THE YEAR EIYDED 31st DECEMBER 2021 Fund$ 2021 Funds 2021 Funds 2021 INCOME AND ENDOWMENfs FROM: Donotions ap legacie Incomefrom charitable octivilias Incomefrom oiher trading dciivilies Incomefrom Inveslments Oth£rIncome 903.809 22.009 165.796 2.374 42,944 8,228 946,753 30,237 165.796 2.374 38,798 38.798 89 970 1 183,958 TOTAL 1.093.988 EXPENDITtJRE ON: Charitable Activities Missionary andchoritable giving.. Stsppori Costs TOTAL 885.365 246241 1.131,606 3.000 77,478 965,843 32,387 278 628 109.865 1.244,471 NET EXPENDITURE (37.618) (3.000) (19.895) (60,513) Transf¢r from Designated Funds NET COmE AFTER TRANSFERS 12,710 (24,908) 12.710 (32.605) (60.513) (3,000) NET MOVEMENT FUNDS Balances blfwd at 1st January 2021 Balances clfwd at 31" December 2021 1.201.550 1.176.642 166 526 4 711 137 6.079.213 4.678,532 6 018,700 163.526 27
EVERYDAY CHURCH NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 I DECEMBER 2022 17. Reconciliation of net movemeDts iu funds to net cash flow from opernting Aetivities 2022 2021 Net movement in funds for tbe reporting period {2$ per ihe statement of financi21 activities) Adjustments"for: D¢pre¢iation charges Dividend5. interest and rents from investhi¢nts Interest paid Decrease in debtors Decrease in creditors (81,070 (60,513) 36,576 (4,301) 2.406 22.947 33,730 36.576 (2,374) 2.975 33,457 107.570 Net cash used by operating activities 18. Analysis of Casb and equiv21¢nts 2022 2021 Cosh at bonk and in hond Total ¢ash and ¢&sh equivalents 714,849 714,849 770 132 770,132 28