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2022-06-30-accounts

Greater Europe Mission UK

Report and Accounts Year ended 30 June 2022

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

GREATER EUROPE MISSION UK

CHARITY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2022

Trustees

John Rhodes Stephen Bloomer Thad McAuley Jon Burns Jeremy Dearing Keith Berry (resigned February 2022) Julian Marsh (resigned February 2022)

Key Staff

Jeremy Dearing (CEO) (from January 2022)

Governing Document

CIO Constitution dated 14 May 2015

Charity Registration Number 1162468 Principal Address 252-260 Broad Street Birmingham B1 2HF Independent Examiner Sarah Crispin (ACA) Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers Lloyds Bank

Contents Page
Charity Information 1
Trustees' Annual Report 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8-13
Detailed Statement of Financial Activities with Comparatives 14

Page 1

GREATER EUROPE MISSION UK

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 30 JUNE 2022

The trustees have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a Charitable Incorporated Organisation and is governed by its Constitution. The object of the charity, as set out in the governing document, is:

the advancement of the Christian faith in Europe and the world in accordance with our statement of faith.

The activities of the charity include, but are not restricted to;

iii.Training and equipping our members to be disciples who make disciples

Summary of the charity's main activities and achievements

Like many other similar organisations, our financial accounts for 2021/22 represent an increase in activities over the previous year as we emerged from the various covid related restrictions that had curtailed virtually everything but on-line missional activities over that period. This resulted in increased giving towards missionaries in the UK and European fields, resulting in higher support costs for the GEM UK leadership team to support this increased activity.

There are currently around 65 missionaries in the field, some financed and employed by GEM UK and others financed, employed by / seconded through GEM US and other missionary organisations, although all are involved in GEM UK ministry in the UK and supported by its Leadership team. We also support further short-term / gap year missionaries in the UK and wider Europe. Our restricted income comprises giving received towards their support, our designated income comprises support from GEM International for outreach in Birmingham as a major city, and to subsidise the overall operating costs of the charity, and Unrestricted income relating to agreements with UK churches where they are working in partnership with our missionaries. We anticipate that there will be future growth in the number of missionaries in the field as a result of our recent operational changes and also that our emerging structure will provide us with a more efficient use of available resources.

During the financial year, there was also an ongoing review of the GEM UK leadership structure and activities, and in January 2022 we appointed Rev. Jeremy Dearing, who is also a Trustee, to lead the day-to-day management of the charity alongside a team of ministry and administration staff.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission

Volunteers

The charity operates without volunteers in the usual sense deployed by churches and other Christian charities as its activities are performed by its missionaries who are supported by GEM UK leadership and staff.

Page 2

GREATER EUROPE MISSION UK

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 30 JUNE 2022

Structure, Governance and Management

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the Board of Trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to Rev. Jeremy Dearing supported by an extended management team. While there is no formal recruitment process for new Trustees, prosepective candidates are invited to meet with a selection of the senior Board memhers, and if the candidate shows potential they would be invited to a formal interview with the Trustees' Team after which a vote would be taken as to their suitability.

Financial review

During the year income increased by £114k, to £413k, and expenditure increased by £106k, to £403k. As a result the surplus for the year increased by £8k, to £10k and the charity's net assets increased by the same amount, to £63k. Net current assets increased by £10k, to £63k.

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash equating to about 3 months' unrestricted expenditure so that the charity could continue to operate should income and / or expenditure vary adversely. The Trustees evaluate this to be £49k which is consistent to the level of unrestricted cash held at the 2021/22 year-end.

Going concern

The Trustees are satisfied that the charity has the necessary funding and support to continue to operate over the next calendar year.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Responsibilities of trustees under charity law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume

that the charity will continue in operation.

Page 3

GREATER EUROPE MISSION UK

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 30 JUNE 2022

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

JOHN RHODES

_______ JOHN RHODES

Date: 24 April 2023

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

GREATER EUROPE MISSION UK ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 30 June 2022 on pages 6 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sarah Crispin

Sarah Crispin (ACA)

Institute of Chartered Accountants in England and Wales

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 25 April 2023

Page 5

GREATER EUROPE MISSION UK

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 JUNE 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11
Unrestricted
Funds
£
143,675
55,115
846
199,636
195,817
195,817
3,819
-
3,819
42,537
46,356
Restricted
Funds
£
213,564
-
-
213,564
207,282
207,282
6,283
-
6,283
10,710
16,993
Total
Funds
2022
£
357,239
55,115
846
413,200
403,098
403,098
10,102
-
10,102
53,248
63,349
Total
Funds
2021
£
260,409
34,981
3,437
298,826
297,248
297,248
1,579
-
1,579
51,669
53,248

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on page 8-13 form part of these accounts.

Page 6

GREATER EUROPE MISSION UK

BALANCE SHEET

AS AT 30 JUNE 2022

Note
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
8
CREDITORS: Amounts falling
due within one year
9
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
11
Unrestricted Funds
General funds
Designated funds
Pension reserve
Revaluation reserve
Restricted Funds
Unrestricted
Funds
£
-
49,476
49,476
(3,120)
46,356
46,356
46,356
38,018
8,338
-
-
46,356
-
46,356
Restricted
Funds
£
1,217
15,776
16,993
-
16,993
16,993
16,993
-
-
-
-
-
16,993
16,993
Total
Funds
2022
£
1,217
65,251
66,469
(3,120)
63,349
63,349
63,349
38,018
8,338
-
-
46,356
16,993
63,349
Total
Funds
2021
£
-
53,654
53,654
(406)
53,248
53,248
53,248
42,537
-
-
-
42,537
10,710
53,248

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

JOHN RHODES


JOHN RHODES

Date: 24 April 2023

Charity number: 1162468

The notes on page 8-13 form part of these accounts.

Page 7

GREATER EUROPE MISSION UK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The previous year's results, which are comparatives quoted in these accounts, have been restated to gross up income & expenditure with respect to restricted gifts for missionaries (see note 14 for details)

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations includes:

Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

Income from charitable activities represents income receivable from services supplied in furtherance of the charity's charitable objects. It includes income from obtaining visas, providing training and managing financial support for missionaries.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 8

GREATER EUROPE MISSION UK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

d) Fund accounting

e) Pension scheme arrangements

The charity complies with its pension scheme obligations by auto-enrolling all of its eligible employees into the Nest Pension Scheme. Obligations for contributions to this scheme are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

3 Donations

Donations of cash and similar
Support from GEM International
Income tax recoverable
4
Income from charitable activities
Visa fees
Training
Partnerships
5
Charitable expenditure
a
Costs incurred directly on specific activities
Staff costs - support
Staff costs - mission partners
Mission partner support
Missionary Support Costs
General
Consulting fees
Training
Visas
Missional Activity Costs
General
Consulting fees
Training
2022
£
245,898
94,261
17,079
357,239
2022
£
4,709
28,237
22,169
55,115
2022
£
81,220
92,031
112,590
36,160
17,528
10,128
10,870
8,406
24,267
5,512
398,711
2021
£
200,314
46,507
13,589
260,409
2021
£
1,698
10,250
23,033
34,981
2021
£
73,475
91,862
80,826
9,648
7,675
1,336
8,461
7,986
15,158
818
297,246

Page 9

GREATER EUROPE MISSION UK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

b Costs incurred on support & administration

Governance costs
Independent examiner's fee
Other
Total expenditure
2,760
1,627
4,387
403,098
-
2
2
297,248

The fee payable to the independent examiner for preparing and examining the accounts was £2,760 (2021: £nil).

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 8 (2021: 8.5).

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Jeremy Dearing
11,000
-
330
Stephen Bloomer
10,414
-
-
2022
£
11,330
10,414
21,744

The following amounts were payable in the previous year:

following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Stephen Bloomer
9,292
-
-
2021
£
9,292
9,292

Jeremy Dearing served as CEO and Stephen Bloomer as part of the UK mobilisation team and both received the above payments for serving in those capacities, not for serving as trustees. These payments are permitted by the charity's governing document.

7 Debtors

Falling due within one year:
Tax recoverable
Total debtors
h at Bank and in Hand
Cash at bank with immediate access
itors: liabilities falling due within one year
Pension creditor
Accruals
2022
£
1,217
1,217
2022
£
65,251
65,251
2022
£
193
2,927
3,120
2021
£
-
-
2021
£
53,654
53,654
2021
£
239
167
406

8 Cash at Bank and in Hand

Page 10

GREATER EUROPE MISSION UK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

10 Pension commitments

During the year employer’s pension contributions totalling £390 (2021: £1329) were payable to defined contribution personal pension schemes.

11 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Focus City
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
UK/Europe based missionaries:
Berrondo
Spencer
Davis
S Brandt
Other missionaries
US sent missionaries
Annual Conference
Aggregate of funds
Opening
balance
2022
£
-
-
42,537
42,537
93
7,008
420
-
215
-
2,975
10,710
53,248
Incoming
resources
2022
£
61,967
61,967
137,669
199,636
41,809
23,635
27,518
30,226
16,107
74,269
-
213,564
413,200
Outgoing
resources
2022
£
(53,629)
(53,629)
(142,188)
(195,817)
(42,160)
(23,859)
(25,836)
(30,164)
(7,481)
(74,807)
(2,975)
(207,282)
(403,098)
Transfers
in the year
2022
£
-
-
-
-
-
-
(825)
-
(447)
1,272
-
-
-
Gains and
losses
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
Closing
balance
2022
£
8,338
8,338
38,018
46,356
(258)
6,784
1,276
63
8,395
733
-
16,993
63,349

The transfers referred to above were made for the following reasons:

a) From General Funds to Sending & Field operations to set aside funds to cover costs during the financial year.

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

ysis of net assets by fund
assets and liabilities of the various funds were as follows:
Debtors
Cash at bank and in hand
Creditors falling due within one year
General
Designated
funds
funds
£
£
-
41,138
8,338
(3,120)
-
38,018
8,338
Unrestricted Funds
Restricted
funds
£
1,217
15,776
-
16,993
2022
£
1,217
65,251
(3,120)
General
funds
£
-
41,138
(3,120)
38,018
63,349

Page 11

GREATER EUROPE MISSION UK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Focus City
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
UK/Europe based missionaries:
Berrondo
Spencer
Davis
Other missionaries
US sent missionaries
Annual Conference
Aggregate of funds
Opening
balance
2021
£
-
-
39,307
39,307
3,092
5,443
-
1,940
-
1,887
12,362
51,669
Incoming
resources
2021
£
39,507
39,507
88,283
127,790
49,825
20,683
20,340
3,422
75,680
1,088
171,037
298,826
Outgoing
resources
2021
£
(40,183)
(40,183)
(84,377)
(124,560)
(52,824)
(19,117)
(19,920)
(5,146)
(75,680)
-
(172,688)
(297,248)
Transfers
in the year
2021
£
676
676
(676)
-
-
-
-
-
-
-
-
-
Gains and
losses
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
Closing
balance
2021
£
-
-
42,537
42,537
93
7,008
420
215
-
2,975
10,710
53,248

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Cash at bank and in hand
Creditors falling due within one year
General
Designated
funds
funds
£
£
42,943
-
(406)
-
42,537
-
Unrestricted Funds
Restricted
funds
£
10,710
-
10,710
2021
£
53,654
(406)
General
funds
£
42,943
(406)
42,537
53,248

Designated Funds

The Focus City fund relates to unrestricted income which has been set aside for outreach in Birmingham, as a major UK city.

Restricted Funds

The UK/Europe based missionaries funds represent restricted income received for specific missionaries based in the UK & Europe.

The US sent missionaries fund represents restricted income received for missionaries sent to the UK from the US. The Annual Conference fund was for restricted funds related to the annual conference.

12 Transactions with related parties

Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 12

GREATER EUROPE MISSION UK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

13 Events since the year end

There are considered to be no events since the year-end requiring to be identified in these accounts.

14 Reconciliation with previously reported funds

The comparatives presented in these accounts have been re-stated in order to gross up the restricted income & expenditure for specific missionaries. This was previously included as a balance sheet movement. A reconciliation with the results reported previously follows:

Reconciliation of results

onciliation of results
Previously reported surplus
Adjustments arising from the grossing up of restricted income & expenditure
Re-stated results
2021
£
14,500
(12,921)
1,579

Page 13

GREATER EUROPE MISSION UK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 30 JUNE 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11
General
Designated
2022
2022
£
£
81,708
61,967
55,115
-
846
-
137,669
61,967
142,188
53,629
142,188
53,629
-
(4,519)
8,338
-
-
(4,519)
8,338
42,537
-
38,018
8,338
Unrestricted funds
Restricted
2022
£
213,564
-
-
213,564
207,282
207,282
6,283
-
6,283
10,710
16,993
Total
2022
£
357,239
55,115
846
413,200
403,098
403,098
-
10,102
-
10,102
53,248
63,349
General
Designated
2021
2021
£
£
49,865
39,507
34,981
-
3,437
-
88,283
39,507
84,377
40,183
84,377
40,183
-
3,906
(676)
(676)
676
3,230
-
39,307
-
42,537
-
Unrestricted funds
Restricted
2021
£
171,037
-
-
171,037
172,688
172,688
(1,651)
-
(1,651)
12,362
10,710
Total
2021
£
260,409
34,981
3,437
298,826
297,248
297,248
-
1,579
-
1,579
51,669
53,248

Page 14