REGISTERED COMPANY NUMBER: 08158557 (Englond and Woles) REGISTERED CHARITY NUMBER: 1150359 Report ol Ihe Trustees ond Flnoncial Stotements for Ihe Year Ended 31 December 2023 f¢r Everydoy Chwch 8rewers Chartered Account(mts Boume House Queen Street Gomshol rrey GU59LY 1111 •ADB3YMS0• (W0912024 (JIPANIES HOUSE 1111 A18 211 Everyday Churc Contents ol thè Finoncial Slotèments lor the Yeor Ended 31 Detember 2023 Poge Report ￿ the Tiu51ee5 Report ol the Independenl Aurfthor5 9 to 12 Slalemenl ol Hnanclal Actlvllles 13 Bolonce Sheet 14 Cash Flow Slalement 15 Nolès lo Ihe Cosh Flow Statement 16 Notes to Ihe Finon¢lol Stalements 17 10 25 Everydoy Church IRe9lstered number 081585S7) Rèport of the Twslees for the Year Ended 31 D•cember 2023 The trustees who ore olso directors ol the chority the PLKposes of the Componies Act XX)6. present their report wilh the finonciol stotemenls ol Ihe chority Icx the yeor ended 31 December 2023. The trustees hove adopted the provisions ol Accounting ond Reporting by Chorities= Slolement ol Recommended Procknce opplicoble lo chorities preporing their account5 in occordonce with the Finoncid Rep￿11￿￿ Slondord (¥)plicable in the UK and Republic ol Irelond IFRS 1021 lellective l JonLJary ￿191. Name ond oddress The ¢hority is colled Everyday Church (Chority Comm￿ST0n Registrolion Numbef 11503591. Ihe oddre5s ond principol olh.ce ol Me chority is S) Queens Road. London. SWI 9 8LR. Everyday Church is a charitoble compony limited by guoront&e Icompony Registration Number 081585S71. The website is www.everydoy.org.uk OBJECTIVES ANO ACTIVITIES Objects The objects of the Chority 05 State(1 in the Article5 of Associotion ore= li I lo odvar)ce the Christian faith in Greoter Lorvjon orKI in such other Fxxts of the Uniled Kingdom ￿ the Wortd as the director5 of the chority moy frorn time lo time think fit for the t)enefil of the pvNic. 121 The prevention or ielief of poverty tr￿rdsh￿ in Greoter lorKJon ond in such other wrts ol the United KIn￿Orn or the World os the trustees ol Ihe charity moy from time to h.me think fit by providirKJ gronts. items ond seNices lo individuals in need ￿idIOT choritie5 IY other orgonisotion5 working to prevent or relieve poverty. Page I Everydoy Church (Reglstered numbei: 08158557) Report of the Trustees for the Year Ended 31 Dè¢èmb* %r23 OBJECTIVES AND ACTIVITIES Government and Leadeishlp The church is led by O team of elder5, and 0 5eporale t¥)dy of ￿SleeS. Tiuslees serving are.. Mr Clive Gordon Cooke Mrs Helen Dennis-srnith Mrs Echo Chong Mr Ben Gilson M5 Noline Motemera Compony Secretary= Mi Peter Wood The elders and tr115tee5 work closety together, and overall reSpor￿1b11ify f¢x the day to doy opwotions 15 delegoled to Mr Sirnon Blioll (Leod P05torl who allends trustee meeling5. The spiritual oversight, government orKI leoder5hip ol Ihe chvrch remoins with the elders. who ovw5ee oll oreos of ministry wilhin the church. Elder5hip deci5i0n5 are mode by con5en5V5. The Lead P05tor u respon5itJe foT Setting the overoll vision ond 5trotegy for the yeor. He doe5 this in consultolion with Ihe wider Elder5hip teom ond the trustees_ Within these poromeler5, the v￿QU5 5toff ond volvnteer ministry leaders cwe encouoged to devebp their own goo15 ond strotegy for the yeor. All staff ond v¢Sunteer leoder5 ore encowoged to buihy. ono work, witlin o leorn. The contllbution of staff and Vc4Unlee￿ is vitol to the success of the chcyity in hjfiling its otieclive5. The trvslees (ye responsible for the ￿0per monogemenl orKJ odmini5trotion of the os5ets ond income ol the charity in furthering ils chorilable objectives. Tw51ee maMer5 are decided by ma1￿1*Y decision. The con51ilution permits the poyment of the Lead Pastor os on empbyee ol the chority. In con5ultotion wlh oll key budgel ￿)lderS other slokehdders. the fironce team working wthin o fjnonce w￿kirng group choired by o trustee &¥oduce o draft budgel lor 1he year to IMp￿ment the Chority's slrolegy. fhis budget is then presented for discussion by Ihe Eldership leam ond Iruslees. The twslees ultimotely opprove the budget. Progress during the year is monitored by woy ol q￿rterty manogemenl occoun15 presented lo the trvslee5. TnJslees are required lo meet ol thsl Iwice o yeOrtnership and support of New Ground enobles the plonling of chwches in Ihe UK arKI (xovnd the wP(%nted in Everydoy Sullon ond Everyd(￿ Wimbledon. Additional elders are also in the pipeline for Everydoy Sovthfields. In Seplember 0 lurther I S volunteer leoders slorted the New Ground Academy. o Iwo-ye(x port-time leoder5hip training course. The Wimbledon Assistonl Venue Leader left the Everydoy Leodership leom ot the end 012023. He hod 5eNed the church loilhlully lor 7 years ond wll be gieolty missed by the tecTh (￿d by the Wirnbbedon Venue which wos his primory venue. These were some ol the highlights of 2023 fcK Everydoy ChLKch 05 we conlinued to meet ow chorilable oim5. Looklng lo￿ard 2024 will be o yea¥ when we seek to pusue the ovtw¢J*ing of Ihe Vision ond Volves Ihol were resloled ond reinforced through 2023. Everyday Church is in o healthy church community orKI to mointoin Ilis level of heollh il is vilal thal we develop on ongoing 51rotegy ond 5tnxtvre wh￿h reflects vision ond volves ond enobles every member lo pk)y theii part. Continuing lo build strong ancl c1ve￿e leade￿hIp leoms wll be o vitol component in thTrs process ond ot the beginning ol the year th￿e ore still some VoC(￿CleS in key cxeos. It is important thol these voconcie5 are filled with the righl people as so¢)n os possible lo enable the bL*lding ond equippTrJ of volunteer teoms. Venue Leodership te0rn5 wl oim lo develop cleor but flexiUe 5 year plans in %)24 which hdp shope prioritie5, proyer5 ond proctices through to the end 012029. These FAon5 wim need lo inclvde o simple slnJclure thol enobles every member ol Everyday Church to grow in their 4isciple5hip in o secure orKI suppodive environment whilst conside¥ing 5 key oreos ol leoching ond woctice= Developing on increosingty m￿510n01 culluie Priorilising the next generalion - Seeking lo serve the poor ond fighl forjuslice - Developing on inclusNe culture thol engoges in the gendef debote tsblically Or￿ lovin - DeveloFing o diverse cfKJrch whch is shoped by oll. not just welcome to on Although we meet in different venves on Sundcry5. c(mnTh)n VisK)n orKI Volues. together wth common Sundoy leaching will maintain our volve of being one church. However. wlhin thi5 unity of relat￿nShip and pvrpose we will olso continue lo look lo delegote key decisions lo the locol Vewe Leodershp lecms. We wonl lo keep OL relotionships strong ond our 51rvctvre$ 54mpIe. We will conlinue lo eqvip. empower and encourage volunteer ￿0ders. Delegoling wlhout ot)dicoling as we seek lo releose oll members ol Everydoy ChLvch nto effeclNe ffwrMStry when they ore golhered ond when they are 5collered. Page 5 Everyday Church (Reglslwed nvrrthr 08158557) Report of Ihe Twstees l¢r Ihe Yetsr Ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE Svmmory Doshboard lor 2023 Jonuary X122 420 457 55 NIA Jonvory 2023 Jonv(xy 2024 525 418 86 30 10 33 28 £184 276 Averoge Sunday ottendance Advlt membership O-11'5 included in Sundoy Average Friday night youlh 8opt15m5 in yeor Attive Life Group5 Alpho guest5 in yeai Averoge giving per giving hov5ehold Number of giving hou5ehold5 429 £194 281 FINANCIAL REVIEW Flnanclal resu115 The income and expenditure ol the ch￿lty is out in the ffnoncid stolements on poges 12 10 25. The chorily continues lo rely on the generous supwt of its member5. Unrestricted offering5 ond gifts omoLntecl to £836.83512022'. £691.5531. We consider this level of offerings to be reMOrkab￿ evidence ol God's groce. and of the generosity ol His peop￿ in such unprecedented times. The charity produced on unreslricted goin of £J).3211%)22 £31.870 kjssl on unrestricted funds before Iron51ers. The reslricted f￿d5 bolonce is mointy ollributed to the CIMKch b￿ld1r￿s. In 2)23. *iCOrr￿ was mainly Speciol ollerings of £1.7SO12022.- £32.1721 including gift old Icx (xjlword 9NTno. The bolonce ol restricted funds al the end of the year is £4.591.55712022: £4.629.3261. ffte church dewsited y)me of rts C05h resowces in depout occounts wlh Borcloys. Aldemore ond Cambrldge & Counties Bonks. ffte trustees consider the church's h.st ol re9￿Or UK and ovetseas donotions on on onnuol bosis. Resewve5 The Iru5tee5 oim lo keep on omovnl ot le05t eqvivolenl lo fw month5. Worth ol vnie51Ticled expenditure in reserve5 lor operallor￿1 need5. Thi5 (ynounls to £35O.812 12022.. £366.1511. The omounl of ieodily reoli50ble unreslricled re5erve5 held ot 315t December 2023 w05 £697.112 12022.. £XJI,8091. during the yeor o designoted fund w05 recla55ified 05 unrestricted. ond the bobnce will be used to fund futwe ￿0w1h. ReoLlily reali50ble re5erve5 comprise that port of vnre5tricled reserve5 rekxesenled by net cwent 055et5. STRIJCTURE. GOVERNANCE AND AIANAGEMENT Governlng docvment The chority was incorporoled on 26th Juty 2012. The goveffting d￿LmentS ol Ihe chorily ore the Memrandum and Articles of As50ciolion. The goveming documents were omended by o certificate of incoryx¥ation on change of name doled 4th December 2012. The chority wos registered wilh the Charity Commission on 7th Jonuory 2013. TTuslee5' Appolnlment ond Tralnlng The charity Iruslees ore olso c*rectors of the charitoble compony lor the purposes ol Company Law. Trustees ore oppointed in occordonce wlh the Memorondum ond Articles ol Associolion. Trustees receive oppropriole induction troining. copies ol governing documents. ond le￿vant extemol infomotion on managing a voluntory organisalion including Charity Comrr4ssion pU￿1C0110ns. New trustees ore oppointed ot the discret￿n ol Ihe CLKrent trvstees ond &ders. Polentiol Injstees ore osked lo volunt(￿lY sit in on trustee meelings lor o period ol tbme ￿1¢Y to If*ir l(mTrol opt)ointment. Poge 6 Everyday Church {Regi51ered number. 08158557) Rèport ol the Tiuslees lor the Yeor Ended 31 Decertier 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT Church Bulldlngs The three church buildings ore ot X) Qveens Rocjj. Wimbledon. London SW19 8LR Iprincipol officel.- 225 Wimbledon Pork Rood. Southfields. London SW18 5RH.' ond 46 Union Street. Kingston. KTI I RP. While the London Baptist Property Boord ILBPBI acts os Custodion Injstee Southfie￿s ond Kingslon. 0 5eporate trust involving Everyday Chwch ond Ihe LBPB holds Ihe Wimbledon property. Everydoy Church moinloins. repoirs ond improves oll three iivildings. and hos free use ol these wemises lor worship. ministry. cLJtreoch and the life of the chwch. The church also owns o house 015 Clonmtxe Street. LoThJon SW18 SEU which 15 being used 05 0 Monse lo enoble the p05tor ol Everydoy Church Soulhlield5 to INe in the communily served by the Church. The London Boptisl Property Board IL8PBI octs as cus1od1￿ tiustee lor llis propety. Llnks Everydoy Church is a member of the Evongelrcd A4iance. of Ihe New Ground INewfrontiwsl and Boplist lomilies of churches. Connèctéd Chorltles The Queens Rood Mon5e Trust IQRMTI provides housing l(* the use of the church and Ih05e in ministry in the chvrch, moinly Ihrough shored equity. The rentol income received by QRMT from one of 115 properties wos gimed to the church lo help ￿nd the costs ol youth work. Ihe chuich rs responsibl& lor the moinlenance. repoir and improvement ol this propwly (￿d enjoys the benefits of ovmer5hip. Al Fyoperty portty owned by QRMT is in o good slote of rer)oir. The Rowlett Trust (Charity Nvrnber 2354811 eyi515 lo relEve poverty 01)ongst neety mentrrs ol Ihe church ond others seeking 5UPPOrt throvgh the provigon ol gonts towcx(ts the costs of 0￿0MMOd0110n. heolthcare services ond other facilities. The Iruslee5 of both trvsls ore member5 01 Everydoy ChLXCh. Rlsk Regider ond Pollcies The trvstees ore responSi￿e for moThloring ond controlling risk and tK&ve 055es5ed Ihe mojor iisks to the chority. A Risk Register hos been completed. and policies pul in FAoce lu the mojor risk ore05 incl¢JJing Sofeguording, Heomh ond Solety. fire Solely ond Dola Pioteclion. CNKch ossels ofe odequolely ￿s￿red thiough the Baplisl Insuronce Compony. REFERENCE AND ADMINISTRATIVE DETAILS Registered Comp¢Jny numbèr 08158557 (Englond and Wolesl Reglsteied Charity number 1150359 Reglsteied office 30 Qveens Rd Wimbledon SW198LR Truslee5 Ms E Y Chong Mr C G Cooke Ms H Dennis-smilh Mr B W Gilson Ms N Motemero loppointed 24.1_241 M¥ L J Polmer Commercial Manager (resigned l.1.241 Page 7 Everydoy Church (Reglstered number. 08158S57) Report ot the Truslees lor Ihe Yeor Ended 310ecember 2023 REFERENCE AND ADMINISTRATIVE DETAILS Avditor5 Brewers chart￿ed Accountanls Bovrne Hovse Queen Street Gom5holl sy￿e¥ GUS 9LY Solleltors Mox Wiley & Co 130 Fish Hill Holt. Norfolk. NR25 6HN hllp'.Ilmoxwileysolicilus.co.ukl STATEMENT OF TRUSTEES. RESPONSIBIUIIES Tre truslees (who ore olso Ihe direclors ol Everydoy ChLKch for the wposes of corrpony lowl are respon5ble for preporing the Report ol the Trustees Ihe linonciol stotemenls in occordonce opplicable k]w and United Kingdom Accounting Standords (United Kingdom Generolty Accepted Accol￿lIng Praclicel. Company law requires the trustees to prepore finonciol statements for each finonciol yeor which give o true ond loir view of the stote of olloirs of the chori10b￿ company and ol the incomiro resource5 ond applicolion of resources. including the income ond expendilwe. of the choritoUe c¢)mpony lor Ihol period. In preparing Ih05e hnonciol stotements. the trustees ore required to selecl suitoble occovnling poli¢ie5 orKJ Ihen opply them conyslenltr. observe the methods ond principles in the Choiity 50RP-. moke judgements ond eslimotes thot ore reo$onob￿ ond rxudenl.. prepare the finonciol stotements on the going concem k)osis it is inappropriote lo Fyegjme Ihal the charitoble corTpony wdl continve in bvsine55. The tnjstees ore responsible for keerx.ng proper occothfing recorcts wh￿h disclose wth re050noble OCCUfOCy ol ony time the finoncial p051tion ol the chorilable compony ond to enoble them to ensure Ihot Ihe linoncial stotemenls compw wth thè Cornponie5 ACI 2(X)6. They ore dso ie5pon5ible lor sofeguordin9 the 05sets of the choritoble compony ond hence for taking reosomble steps for the prevention orKY delection ol fvoud ond olher irregulorities. In so far 05 the trv5tee5 ore ow(Ye_' there is no relevonl oudit inlormoti<)n ol which the Ch¢￿table compony's ouditors are unowore.. ond the Irustees hove token oll steps Ihot they ovght to hove token to moke themselves owcxe ol ony relevant oudit InfO￿nall0￿ ond to e51oblish Ihe OLKlitor5 ore owore ol thot infomotTron. AUDITORS The oudilor5, Brewer5 Chartered Accountont5, wll be proposed fcx re-oppointrnenl at the lortf¢oming Annual Generol Meetin9. Approved by order of the boorcl of truslees on ...._--- - ond signed on its beholl by: Ms H Dennis-smilh Trustee Page 8 Report ol the lrtdèpèndènl Avdllors to the Members ol Everyday Chvrch Oplnion We hove audited the financial slalemenls of Everydoy Church Ilhe 'choriloble compony'l lor th& year ended 31 December 2023 which comprise the Stotement of Financial Activilie5, Ihe Bolonce Sheet, the Cosh Flow Slotemenl ond notes to the finonciol slalements. including 0 5vmmory ol significont occovnling policies. The financial reporting Iromewoth thot hos been opplied ￿ the* preporation 15 opplicoble km ond United Kin9dom Accounting Standard5 (Uniled Kingdom Generolty Accepted AccounlirvJ Proclicel. In our opinion Ihe linonciol stotements.- give o true ond foir view of the stole of Ihe chc8iloble compony's offow5 05 ot 31 December 2023 ond ol ils incoming resoLKces and opplicotion of res0￿ceS. sncluding 115 uicome ond expenditure. for the yeor then ended.. hove been wopedy prepared in ocC￿danCe wth United Kingjom Generaly Accepted Accounting Practice.. and hove been prepored in occordonce wlh the [equ￿eMen1S ol the Componie5 Act ￿1)6. Basls for oplnlon We conducled our audit in occordonce wth Inlemotionol Slondaids on Avditsng IUKI (ISA5 IUKII l￿d opplicoble law. Ovw reSpOn￿bIlItieS under those slondords ore fLrther described in the Auditor5. responybililies For the oudit ol the finonciol slalemenls section ol our report. We ore irKlependenl of the choritotje company in occordonce with the ethicol requiiemenls Ihol ore relevonl to Olff ouL*t ol the finoncid statements in the UK, including the FRC'S Ethical Stondord. ond we hove fulfilled our other ethicol responsiblitie5 in occoréonce with Ihe5e requirements. We believe Ihot the oudit evKlence we hove obloined is sulficient and appropriote to provide o bosis lor tsur opiThon. Conclvslon5 relalin9 to going c4)n¢ern In ovditing the finonciol 5totements. we hove concluded thot ihe truslees. use ol the 90ing concem basi5 01 occovnling in the preporotion ol Ihe financiol 5totements is opproExiote. B05ed on the Work we have performed. we tr￿ve not idenlified any moleriol vncertainlies reloling lo events or conditions Ihol. individuolly or collectively. nKry Cost signfficant doubt on the c￿nIOble compony's obilily to continue os o going concefft for o period of al ￿051 tWe￿e months from when Ihe fir￿nclU1 stotements are authorised lor issue. Ou responsibilities and the reSpon￿￿li11eS of the InJslee5 with respect lo going concern ore described in Me relevant sections ol this report. Other inform¢Jlion The trvstee5 ore re5pofb5ible lor the olher inlorrnotion. Ihe othw inlormotion coTrprise5 the inlormalion included in Ihe Annuol Report. other thon the finonciol stotemenls Rep(Kl of fhe Independent Avditors Ihe(eon. Ovr opinion on the finonciol gtotements does not covei the other inlormotion ond. except to the exlenl otherwise explicitly staled in oui iepcyt, we do not express ony foni) of assurance conclusion thereon. In conneclion wilh our oudit of the fuionciol 5totements. our responsibility is to reod the other informotion ond, in doing 50. consider whether the other intormolion 15 moteriolly incon515tent wth the finonciol 5totements crf ovr knowledge obloined in the audit or otherw5e oppe¢ys lo be moleriolty mis5toted_ 11 we identify Such moteriol inconsistencies or opporent moferial msstotements. we tye required to determine whether Ihi5 gives rise to a moleriol mi55totement in the finonciol stotements themselves. 11. bosed on Ihe work we hove perfomied, we conclude Ih(Jt there is o maleriol mi55totement ol thrs other ￿ton?￿li0n. we ¢ye required lo report thol fact. We hove nolhing to report in Ihis regord. Oplnlon5 on other rnalleis Pfe5crlbed by Ihe Cowwnles A¢t 2000 In our opinion. based on the work Ljndertoken in the course ol the oudit.. the inlormotion given in the Report of the Truslees for the linonciol year for which the fuionciol statements are prepored is consistent wth the linonciol stotemenls-. ond Ihe Report of the Trvstees hos been prepored in occwjonce wlh oppficOb￿ legal recwiiements. Poge 9 Rèport of the Independent A•Jdllors to Ihe Members of Everydoy Church malle￿ on whlch we ore requwed to rèptyl by exceplion In the light of the knowledge ond under5tonding of the ch¢￿tab￿ company ond its envirorynent obloined in the COLKse of the oudt, we have not idenlified moleri¢J rr*55tolemenls in the Report ol the Tw5tee5. We Trhjve nothing lo iepcyl in respect of the fclowro motters where Ihe Companies Act 2CX)6 reqLMres us to reL)Ort lo you il. in our OFxnion'. odequale accounting records lYJve nol been kepl or relL￿￿ odequole lor ou audit hove not been received Iiom bronches not visiled by vs.. or the linonciol slatemenls ore not in ogreemenl wilh the occounling records ond relums.. c certain disclosures ol truslees, remuneration specifie¢Y by low ore not mode.. or we have not received all Ihe infrymotion ond eWonolion5 we reqvire for our cLJrfit.' or the I0￿*ee5 were not entitled lo take odvonloge ol Ihe smoll companies exemption from the requirement to prepore a Slialegic Report or in preporing the Rewt ol the Truslees. Responslbllltles ol truslees As exploined more fully in Ihe Stotemenl of Trv51ees' Re5ponybilities. the trustees (who ore ¢ytso the drector5 of the choriloble compony lor the purposes ol compony lowl ore responsible lor the preporotrion of the tinancial 5tolements for being solislied thot they give o true ond loir view. cnd for such uitemol control os the tru5tee5 delermine is necessory lo enQ￿e the preporolion ol finonciol stotemenls thol ore free from moteriol misslotement, whelher ¢thJe lo froud or effor. In preparing the financial slalemenls. the l(u51ees are respolts1b￿ for as5es&ng the chariloble cwpanY5 ability lo conlinue os o going concem. disclosing. os applicoble. mattels related 10 going concem and using the going concern bosis ol OCCOLmling unless the trustees either intend to liqukyote 1he choriloble compony or lo cease operolions. or have no reolislic alleinolive t4Jl to do so. Poge 10 Report ol the Independent Avdjlors to the Members ol Everyday Chvrch OLV responslbllllle5 for the audll ol Ihe financlol stotemènts Our objectives ore to obtain re0sona￿e as5uronce obovt vthether the ￿￿n¢la1 stotements 05 0 whole ore tree from molerial misstatement, whether due lo fraud or error. ond to issue o Retxwt ol the Independent Audilors that includes our opinion. Reosonable ossurance is a high Wel ol assuronce. but 15 not o guaronlee that on oudit conducted in accordance wifh ISAS IUKI will oNvoys delecl a moleriol missloternent when il exists. Mis5totements can orise from froud or errof orKI ore considered moteriol if. lndividuolty u in the oggregale, they could reasonobly be expected lo inflvence the economic decisions of users token on the bosis of these finoncial statements. ffte extent to wfmch procedwes ore copotAe of delecting irregvk%ities. inckJ(fin9 fvaud is deloiled below: Bosed on ovr dlscvssions wth the choriws morK)gement ond the Twstees. we identified Ihot the fdlowing laws ond regulolions ore sigrmficont to Ihe entity.. Those Iow5 ofKJ regulotions considered to hove o direct effecl on Ihe finoncid slolements inclvcje UK finonciol reporting 5tondard5 ond Ch￿ty Low. Those Itjws ond regLAofi￿s lor which nonoring Ihwr occount5 in occordance th the Finonciol Reporting Stondord opplicoble in the UK Republic of Ireland IFRS 1021 lellective I Jonuory 20191.. FIr￿nCl01 Reportng Stondord 102 'The Financial Reportiro Stondoid opplicable in the UK and Republic of Ireland, ond the Componies Ac1 2tX)6. The finonciol stotement5 hove been prepored under the hisloricol cost convention. as mtsyified by Ihe revokJotion of certoin Ossets. Ihe occounls are Fxesenled in FX)unds sterfiTh31£1. Incom• Volvnlory Income Donolions vn¢Jer gift old, togeth￿ wilh the ossocbjled income lox recovwy. are reCO￿lSed when Iheie is evidence of enlillement to the gitt its omounl C¢￿ be meosured re1￿y. Legocies Legocies ore recowised when it is proboEYe thol they be received. Expendilure General Expendilvre Expenditure fiobililies cxe recognised when there is o legd or constructive otjigotion committing the chorily to the expenditure ond Ihot it 15 proboble that *he SetI￿rnent moy be requwed Ihe omount con be meosured with reasonable accuracy. Mi55ionory ond choriloble giving Donotions ole occourlted fu when ptxl over. or when oworded. if Ihol ¢Jward creole5 0 bindirrtJ obligation on the church. stoff costs These costs ore allocated belween'Activities d*ectW le￿lIng lo the wort ol ttie clMJrch' ancJ'Supp(xl Costs. on Ihe bosis ol the principol oreos ol work ol the staff. Time spenl by v(Aunteers vtho assist in helping Ihe church deliver it5 misyon ha5 not been included in the OCCOLnts. RedvrKloncy poyments ore mode at least in line with 5totvtory requirements. Operating leoses Leoses wheie 5ubstonliolW oll the risks ond rewords rernoin wlh Ihe owner ore c1055ified 0$ operoting leases. Receipts ond poymenls mode undef operoting leoses ore reco97ised in Ihe 5totement of Finonciol Activities on o strol￿1 line bosis ovei the period of the leose. Church buildings Following consvltotion5 between the Chority Commission. the @ders ond the LorKJon 8optist Property 8oord riBPB"I 0 scheme w05 ogreed feqviring the estoblishment of 0 5eporole trust to ￿ld the properties. The church member5 oppointing 2 Tnjstees. The Leod Post￿ is ex officio. LBPB oppointing one Trustee. The Scheme provides certoin limitecl rights to the LBPB. otherwise Ihe church hos unleltered use ol the building. Con5equenlly. the property is included in the occounts subject lo o reslrrted fund which represents the limited influence of Ihe LBP8. Properties locoled in SoLrthliekls ond Kingston cxe held by the LBPB 05 CUSto(fion Iruslees for Everydoy Church. Consequently. ol biAldings ￿e held in Feslricled knd5. The Trustees hove elected for church bvildings olre¢xly held ot l Jonuory 5 to adopt as their deemed cost previous vduotiorns in occordonce wth the Iransitionol Fyovisions ovoiloble under FRS 102. Depreciolion ol fixed assets is cajculoled lo write off the¥ cosl over their eslirnoled Usel￿ lives os follows.. Poge 17 continued... Everyday Church Nolès to Ihe Flnonclal Stotements - contlnved f*y Ihe YeoT Ended 31 Decembèr 2023 ACCOUNTING POLICIES - cortllnued Church bulldlngs Freehold bvildings Furnilure ond EqLMpmenl PA Syslem Boiler 1% stroight line 25% slroight line 33.3% stroight kne IO% Slroighl Ine Additions are copilallsed il their cosl exceeds £5.C(￿. Taxotlon cliority is exempt trom corporoli¢Jn lox on its choi10b￿ oclivilies. VAT e chority is exempt or iero roled for VAT Fxjrposes and does not chorge VAT on ¢Jiy income. Consequently. no VAT con be reclaimed on costs and the VAT is odded lo the occounls. Fund accovnting Unre511icled fvnd5 Unreslricled lund5 ore Spent (Y opolied ot Ihe (ftscreli￿ of trvstees to fwther ony of ttie chority's purp05e5. De5ignoted funds Dessgnoted funds remoin port ol the vnreslricted lund5 of the chority. The de5igr)olion hos on odmini51rolive plxpose On￿ ond does not legolty ie5trict the truslees. discietion fft how to opply the unreslricled funds that they hove designoted. Reslricled funds Reslricled lunds are generally a iesull ol ¢Jn oppeal Ivnds lor o specrfic PLKpose. When moking the gift, the specific vse is ¢eclored by the donor. Al costs opplied 0g￿n$t the luThY ore in occordance with Ihal specific purpose. Pen￿On cosls ond other post-reltrement bèneffts The choritoble compony operotes o defined contribvtion pension scheme. contribuh.orns poyoble to the choritoble Comp￿￿5 pension scheme ore chorged to the 5totement of fin￿¢101 Aclivities in the period lo ich they rebte. C<)ncesslonary loons Included within credilors ore conceswonary loans from Philpotl arKI Ihe Rowtett Tru51 lor the refurbi5trwnent of the Kingston venue. The term5 of iepoymenl (Ye 05 per Nole 17. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESIIMATION UNCERTAINTY Ihe most ￿gnIfICant oreos ofjudgemenls thjl affect items in the accounts cKe detailed above. Page 18 continued... Everyday Chuich Nolès lo the F5nonclal Stolemènts . conlknued for Ihe Yeoi Ended 37 December 2023 DONATIONS AND LEGACIES 31.12.23 31.12.22 Ollerings ond gifts 838,584 160,991 723.776 132.502 999.575 856.278 OTHER TRADING Ac￿vITIEs 31.12.23 31.12.22 Rental ol church occommdotion 27,301 26.580 INVESTMENT INCOME 31.1223 31.12.22 Interest received 8.799 4.301 INCOME FROM CHARITABLE ACTIVITIES 31.12.23 31.12.22 Aclivity ch￿l10￿e activities Rentol ol church Fyemises 222.742 195.4X) RAISING FUNDS Roislng donotlons ond legacles 31.1223 31.12.22 Svpport C051s 5.7S4 S.754 CHARITABLE ACTIVITIES COST5 Support costs (see note 91 tAfecl Costs Totols Choritable octivilies 1.185,937 91,249 1.277.186 Page 19 continved... tverydoy Church Notes to the Flnanclol Statements . conllnued lor the Yeor Ended 31 Dè¢embÈr 2023 SUPPORT COSTS Govemonce costs Finurce other Totals Ra5ing donotion5 and legocie5 Charilable octivilies 5,754 30.821 5,754 91.249 24.195 36.233 24.195 36.575 36.233 97,003 io. NET INCOMEIIEXPENDITURE) Nel I￿orne/lexpend1ueJ is slated after chorgrngllcredilingl. 31.12.23 31.12.22 Audito￿, remunerolion Depreciotion- owned 05sets 16.865 36,575 16.775 36.576 TRUSTEES, REMVNERAIION ANO BENEFITS There were no Iruslees, remuneration or olher benefits for the yeor ended 31 Decen*Jer 2023 nor for the yeai ended 31 Oecember 3r22. Trustees. expenses Th￿e were no trustees, expenses p¢id f¢N the ye¢y ended 31 December 2023 rnr for the yeor ended 31 December 2022. 12. STAFF COSTS 31.12.23 31.12.22 Wages and 501arie5 Sociol security costs other pension costs 542.152 54.039 63.393 534.150 48.982 64.959 659.584 648.091 The overage monthly ol empk)yees dwing the yecx wos os follows.. 31.12.23 31.12.22 Ministry Adminislrotion 23 22 The nurnb￿ of employee5 whose enwoyee benefils lexchJding empkpyer pension coslsl exceeded £60.(m was.. 31.12.23 31.12.22 £éL),LX)1- £70.(LK) The key management personnel of the chority comyi5e the Trv51ees and the Cenlrol Le%Jder5hip leom. The lotal renxjnerolion ol the key management personnel wos £255.35612)23'. £242.2901. Poge 3) conlinved... Everydcry Church Notes to Ihe Financkjl Stalements - ¢onlSnued for the Year Ended 31 December 2023 COMPARATIVES FOR THE 5TAIEMEN7 OF FINANCIAL AcvivillES Unrestricted fvnds Re51ricled fvJnds Totol lund5 INCOME AND ENDOWMENTS FROM Donotions ond legocies 824.055 32.223 856.278 charl10b￿ actlvltlès Charitoble actwities I95.4￿> 195,450 Other trading activities Inveslmenl income Other income 26,5eiJ 4.301 16.375 26.580 4.301 16.375 Totol 1.066.761 32.223 1,098.984 EXPENDITURE ON Roising funds 5.754 5.754 Choriloblè acthvilies Charitable ¢xtivilies 1,092,877 81.429 1,174,306 Tolal 1.098.631 81,429 1.1 PA).060 NET INCOME/{EXPENDITURE) 131,8701 149.2061 181,0761 RECONCILIATION OF FUNDS Totol fvnds brought tO￿Ord 1,340.169 4.678.532 6,018,701 TOTAL FUNDS CAR￿E0 FORWARD 1.3CAg.299 4.629.326 5.937.625 14. TAMGIBLE FIXED ASSEIS Fixtvres ond filliros Freehold property Totols COST Al l January 2023 and 31 December 2023 6.531.663 241.094 4.772,757 DEPRECIATION Al l January 2023 Chorge for ye(N 1.286.872 30.822 201,298 5.753 1.488.170 36,575 Al 31 December 3)23 1.317.694 207.051 1,524.745 NET BOOK VALUE Al 31 December 3)23 5.213.969 34.043 5,248.012 At 31 December 2022 5,244,791 39.796 5,284,587 All tyoperties owned by the Chority cxe inckjded ol either o lorrYK4 or nfomol vduolion as their original cos15 are Lnknown. Poge 21 continued... Everyday Church Notes to the &non¢lol Slalements - c¢Jntlnued for Ihe Year Ended 31 December 2023 TANGIBLE FIXED ASSETS - contlnued Followng Ihe esloblshmenl of o Ch￿ty Commi55ion scheme. inlom)ol voluotion ol the property in Wimbledon130 Queens Rood) indicoted o vahJe of £2.490.CM)) ot 31st December 2(X)8. In 5outhftelds. the Iwo properties owned by the Church were revalued based on o voluolK)n undertoken by Mr Brion Corter MRICS as 01 31st Morch 2C#)9 ond included in the Bolance Sheel ot Mot time ot Voluotion. Trie historical cost ol the Church Monse IS Clonmore Sll w05 £48,C(Q. The Chwch bu￿IdIng in Wimbledon Pcxk Rood wos cons1￿cted in 1906 ond its historicol cost is nol known. The property owned in Kingston is oko included in the finoncial statement5 at an infomol volvotion. 15. DE8TORS: AMOUNTS FALLING DUE WITHIN OME YEAR 31.12.23 31.12.22 Other debtors Income tox recoveioble Loon - Oo5is Church PreF)oyment5 7,043 19,256 12.393 17.956 4.911 3,872 31.210 39.221 16. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1223 31.12.22 Other creditors Loon- Rowletl Tnjst Accrued expenses 17.639 4,298 21.398 IS.￿9 4.297 19,096 43.235 38,732 CREDITORS.. AMOVNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.1223 31.1222 Loan - Rowlell Trust $8.003 62.3 The obove deloiled loan beo(s interest poyab￿ al 3.5% pa. tololling £2.256 12022". £2.4061. Copitol repoymenls commenced in September X)15 wlh the lotal (¥nount due after 5 ye