Clwlty r•gkntratlon 11737 COMP r•gl•tr•lkn rnmb•f 10519654 IErvJlAnd and W•l•81 ETERNAL WALL OFANSWERED PRAYER ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ETERNAL WALL OF ANSWERED PRAYER LEGAL AND ADMINISTRATIVE INFORMATION Rthord Mcl¢)y Gwy SpKw Eva (Apr•J'nt8d 1 May 20231 (Akyjolnted 8Augu8t 20231 pa Twnw Miclwl IM Ch•rtty nwnb•r 1173708 COMnY numb•r 10519554 prtncll •ddr• Coutyard 4 Col••hil En4•nd B46 IDL Courtyard 4 South cok11 England 846 10L Audltor 2 Chambtsin Squ• Par•th#e Cira BJ 3AX Chitif Ollc•r (R•sd 31 Jarry 2024)
ETERNAL WALL OF ANSWERED PRAYER COhrrENTS 9-10 Stat•m•nt Of$h ffi 13 Ni)t•• to the fin•rK4d 14-29
ETERNAL WALL OF ANSWERED PRAYER TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 DECEAIBER 2023 finanual statements and CW with the thar19 g)¥•ming duxment, the Ac 20[ and "Acy>)unting and Re¢0"n9 by Chanb"•s". Statwttt ol Praclic¢ to cwilies prep8rirg their acuunts in accordance the Finanual Roprxtiry Slarmlwd applKable in the UK and Republic of Irthnd IFRS 1021" leftti¥6 1 January 20191. The oftho ¢•rity we to.. uNJgrstsnding of th• Chrisuon f•th WKI in p•itntsth• iirymlm of prayer. 2. To help th0 that arn kn need by rea•cn ofthwr ywth. ap. h1th. dwkn¥ty. finanual hard8PHP, or other did¥•n1•0•. In Actlvlll•• fop4Yard. wouKI stop Ihtyx from 8LypthtvJ th• m•0. . Compl•te the buikling of th• tru¢ rold to •nabl• cuNrmrrnt on * to be legally recnIsed . Reuurt a ch oifw ar gtart to pl for w future locnthuy requirem18. . Continufj lo buikj an urwJer8tanding of FKOC•58•8 r•wired in Nmbern ol answered prayers we require to meet our goals, brKludiry, asp•th r•hb'ng to IP'r storap, sKurity and en8unng adeqL Pybllc 8•n•fft The Tru8tee8 confimi trt ttxy fLfaed thetr W to ha du• r•prd to gnce on wbllc tr4n•fft rul•s. Achl•v•m•nts and pwlonn . A pr•ferred SUp.•r wa8 thnt. are fin8h"iiTha (r mar¢ o)rtracor Tr]uirements. . The local Flanning authryity CA)nfimd. aft•r wcrt that had lak•n the •rte, that a . A Chief Technic*1 Offiwwas apwnted. . Evonts were hohj on wKILKling a hwy NK%esoft1 wxl vvirv 1oTrJ blewTrJ day Iwth 300+
ETERNAL WALL OF ANSWERED PRAYER TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) {cOriNuED) FOR THE YEAR ENDED 31 DECEAIBER 2023 FIMn¢l•l r•vlv Inojnw for the year £2.627.087 (2022: £1.574.4341 and exwvjthro for thè £2.409,803 12022.. £619,229). Cash and bar balance8 Ixkl lo £516.40412022: £1243.6951 Prlnclp•l Fundlng &>urc 8tNces free of tharge for¥ith w• we ¥•ry th•rthA. Inv••tsMnt Polky The INst••s h•wJ a low4i#k aFpJtt• Iw in81 ¥•J ar• nyffid to 4 d•pw)Jit a(%>nt for a R•••NM Pollcy The ¥•k of I•# hold at thè 3111 21Y23 ThYr• £3.585,9B5 {2022.. £3.388.8811. Of th•. th• fr rnwrbiis •quat•(I to £2.137 (2022: £22.7551 Th• tru8ts•s have the of reqwed hMI c4xKILvJ•d that due to the natwe of thi¥ proiect and the InW•rrtlti0n •tag• lh• charity i• ffi. rK vath c•n atsWgrd to ts rwulrnd level a8 411 current and futur• fur)d$ are bw'ng ud ft>r the woJ•( TnMt•es ar• knel of r•8arv•$ in dotsil at their ry)nstru¢X¢Jn phaee and bffjfond. Pl•n• for Futyr• P•rfod• . Fonnalty apw.nt a maln . Agree a fixed pri for t main (ll.5 s8r¥Kfjs ryluding the c¢n8lruclitin (rfth• rrK)biu• 8tr1p. . Develop 4 detaikd fundrai•ing strat•gy pkn lo th• 2024 to 2028. . Appoint archtt8th ar•J ueate a design ts tha Lwtr•. Gov•mlng Docwnent Elemal W811 of Answered Pw•r is a Regisknd •KI a cnY Liitad by Guarant•• aho ha8 2016.
ETERNAL WALL OF ANSWERED PRAYER
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2023
ElVlIeth Anne de Leyser
Ricwd Molloy
Oa¥i¥
Roger Button
Nic4Jla Pateln
Gary Sr
Thomas Eva
Arthony Bannanksnmlh
Pwjl Tumor
{Rwyd 1 NO¥ern 2023)
(AppLMnted 1 May 2023)
(wcirt•d 20231
into tru81. Pot•nttal trLtyt••• go in1•n•1 Mrt•f¥ry6w we<•# arty apwntmant 18 mad• in lir wtth
Cr Mèmrandum and Arb"dety of Aswiabm. indLKon pr85 •rourn8 that tru8tee8 arè abla to contiibute at
tho earlie•l opp)rbJnlty ar#J r•knnt training kn gr¥•n wtirwl.
R••pon#lbllltl•• ol Tru•l•
abKl• by tharlty and othw r•thnl law.
The tru8t•e8 ar• r8epralbI8 for préparing tho R•wt •KI FirwKid Staterrni• in alrdanCe ¥Mlh the
¥plibI• •nd UK Accounting sIdv& C¢)npany law r•quirn8 tho
ETERNAL WALL OF ANSWERED PRAYER TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (coTrifiNUED) FOR THE YEAR ENDED 31 DECEA18ER 2023 Oryanl•atloMI Strurn The tnJ8t brwd a nwrmnwm c fwr lirrn8 yow. The day to d8y of ¢xganL8alon has béen ddegale(I by the trual boaryj to the Fourthr vtho th8 SUpt of exo(xrtive team to ensure yrats.onal actiwtifjs are effiLwt aryj eff•e. Str (IKrt¥w to devthw •$ aTrJ in re8pon8e to the thanging demands of the proje¢ Audltor In accoTdanc th th• c¢nyns artides. a wy>sirwJ that LirrMl•d b• r•appoint•d 08 dItor of th• c))mpany will bè put at a Gewal FAoetw Dal•.' .4th JY 2024
ETERNAL WALL OF ANSWERED PRAYER INDEPENDENT AUDrrows REPORT TO THE TRUSTEES OF EfERNAL WALL OF ANSYRED PRAYER Oplnlon Vlts havo audited tr ffinaroal statWTts of Etwnal of Arwer&J Pwer Eharille Conwy'l and sUbSrarieS (the '(Np'l year erKled 31 Deeemter 2(r23, whth cJJnprise Ihe Statement of Financid Actrt. the Balartt SW the statem of Cash FkA¥8 and the related r)otes. indudirvJ a sumrnary of SnKant axountsry 1cleS. The fmancd Tewbn9 frarnrk that has b&n applied in their preparation is appIab Lav United Accounting Starxlards, includirvJ Financwl Reporting SiaTrJard 102 The FinaneAal Repthg StaTrJ¥d applble in the UK and Republ ol Irdand, {United IQ'wIn GenaraNy Aol Pr&#icel. In cvr opinw)n the finanrial str1lts. gNe a true aThJ frair of the state of Group'$ * Charrt Compan$ affairn a$ at 31 December 2023 arKI of the Gnjup's ts incjyning (88wces aKylKthI of reyx¢es, jIng its income arKI expenditure for the year then Prxtice, B••l• foroplnlon We ¢onducted our audit in ith Intwnatitrk4 Stand¥d8 Auditing IUKI IISAS {UK}l and aFplicable law. Our re6ponsilrtie8 under slAr#jaS a fw1htt descknd in Auditor¥' resporribilities for th¢ audrt of the finanual statements 8econ of our rq)rrt we of the Gro arKI Charitable Company in accorda wth the ethKal wuirnments that e relevwrt to a]11 of the finan0 Statnents in United Kingd¢yn. irdudiryd ts Finarvial Rewxts'ng Ethk21 Stsndard and we have fulfilled our other ethul responbIlitIeS m xcordarth with these fequireffthts. lh the athltt eviden¢a we have obtained is suffi¢Mt arJ wn)pnate to prfrrfNJe a baws cpfft)n. Con¢lu•lon• r•l•tlrvJ to golng conc•rn In auditir#J the ffinaroal statanents, he COrKI that the Trte88. u88 of the gcATrJ concern ba818 of Condin8 that, indivhjualty or ry)Ilthety, may $1 snlnI dtyjtrt Group and Charitable Company's abilty to Conts'nue as a 90ing a wM)Y of at 10961 twefve m(xths frun wh8n the financial gtatements aw authorixd for i8Jue. Our rew3ibilitie8 aThl thè ralp(liliti0ts d the Tnmtees ith respxt to gciTr3 corKwn degxbgj in the relwant sections of this Oth•r Inforniatlon The other infofftiK¥) eC4nrrftses Inf<xMai I4jed in Annual ReFrrfl ottrw than the financial statements and our ALKlith' Rerxxt Iherwn. The Trustees a wsible for the other infcffliation contair wthin the Annual Report. Our opnion the financid statwnents does not o)ver th¢ Otr intrymation and, exceptto theextenl otherwise expliatly stst&Y in (yjr reFLrt cb notexpress Y fcTh OfaSyJran condu%on
ETERNAL WALL OF ANSWERED PRAYER INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ETERNAL WALL OF ANSWERED PRAYER thereon. Our responsibility is to r1 the other Infc¥m WKI, in thiiry ao. ccrrider whether oth infornation Is materialty incongstent final Statem tx kknJ9e obtsinad in tho course the audi[ or (the1$0 appears to be materially mi8Stated. W identify malwlal Trncon (x apparent materfal m18Stat&n. to d8teffliine ether this gNes rise to a materid misstatwnent in fvfinanckql statanents thwn8the8. If, ba8ed on the work we he wlomied. TA that thue ro a material miJJtatemwrt d tri8 txtwinf0ffnat1. are wuired to report that f We h8 nothbng to rewt In trs reggrd. Oplnlon on oth•r ffl•lt•rn pr••cflb•d by th• co1• Ad 08 In cr opiiion, b88¢d on tho tl¢ undortkn in tho c(woo cl tIKg aKIt th• irfonnatim GY4en in the Tr1••¥ Rerth f thefirnnciol yow frthich th• financial &tatOnI• wo prepared is nSistent ¥ith the finart statunents., aTrJ We he n(thing to repcyi in resPt (rf fol(yAiTrJ m&tW8 In rdakn to wlth tho C¢xnp1aB Act 20[ requires us to tewt to you rf. in opirion: recebv•J branGhe8 nrrt visitod trty .. (x certain (thwJ08ures of Unefakn $pecffd by Th)t m¥Je; c have rK)t ed all the inf0mlati e%rAani(Th require for at., or theTru8teeswere entitled to preparethe fina181 statements In accordartewlth th8 ynall CL¥npanles regine aThl ta(e a(fvant2ge (A the ¢ixnpani88' exwnFthn8 in prepariTrJ the Tntsto0s' Rewt aTr Ro•pon•lbllftlM of also the dir of the Charitl8 Cunpany for of lawl are respcmsl)le for the prep10n of the finarKial statements axj ts ting satisfi•J that tw a true and fair vi, for In preparing the financial slalane, ts Trustees we rwpcmth for assessiry the Gmup Charitable C(Nnpany'$ ihty to continuè as a grAng (ing. as applicaye. mattws related to goiThJ concem aThJ ng tr going conL¥m basis (rfaccounliThJ unless the Truslees intend to Iquwjate the Group the
ETERNAL WALL OF ANSWERED PRAYER INDEPENDEKf AUDITOR'S REPORT (coKfiNUED> TO THE TRUSTEES OF EfERNAL WALL OF ANSWERED PRAYER Audltor•' r••pon•lbllltlM lor th• audll of th• flnanclal 8tat•m•nts frLYn material misstatement. whÈthw d to emy, to iSSt an Auditrys. Ropxvt that iludeS cyJr oniOn. Reaable assuran is a hvJh of assurartt. txrt ts ncA a guarantee that an audit ¢orbdUCt in accordae with ISAS IUK) will ak¥ays d&ect a rnateI MISStatw when it exists. Misststemenls can arise from fraud or error and are cffisiderÉd JnatÈri4 it, i11#1•1fy c in Iho al8. ttw Ix)ukl r8asonabty b Ifregulwities. irKIJ1 fraLvJ, we Insta of Th)rFc4XnIe with WKI regulat8. Ive degn predre3 lir with w respcwbilitns. tlnej the, to dele¢t matwi misstatements in respect of irregularities, Kluding fraud. The extent to whth our pdureS we of det&'ng irregukrrtw. including fra1 is exper of Ihe Chanty 8&tor, the finawal Stateme or the cperation8 of the Charitle Company, including the financial reportiro legtslati)n. Cc#))panios Act 2LTh. laxalion kgislatK)n. ant11. empl¢)yment, and assessed the exlent of with the I aThJ regulatK)n8 hJ8nbfiod ab)ve thrOh making Klenltfied aThl wuktv)ns wrthin wjdit tewn regulaty and the team remained alert to instsnces of lh1#t the assessed the suswthbilty of tho GrP ar¥J Ch¥rit¥bl• Crynparry's finwwl to mat•rial MilateMeftt, indLKlirvJ obtsinrTrJ urhjerntandry of fra1 mpjht cwjr. ty.. making enquirie¥ of manwent as lo tAI)we tlw (X)n8h18rn tlwe was wwitxlty to fraud, their kn(wAedge of a¢tua. suspectJ aThl allw fraNJ.' ald InsderirvJ the inteml c(5 in plxe to mibgate risks of frwd nc#Kfynpliance wth and regulalK>n8. To •Jdress the risk of fra1 thrrjffjh mwwJwnent lyas tyenide d CLYrtrol#, **.' perfom)ed anatytical predre5 to Id ary unusual tx urnxpe(thl Idali(sh t¢st¢d joumal entri¢¥ to ithlify unusua indicative of pclentia tm'as" and investi9aled the rati(Ysale behirnj unw4
ETERNAL WALL OF ANSWERED PRAYER INDEPENDENT AUDITOR'S REPORT (coKfiNUED) TO THE TRUSTEES OF EfERNAL WALL OF ANSWERED PRAYER In response to the risk d irrgjularilies and Tmih W aThl rwJdicTh. deSIgr prwedu vthich induded. but re thmiteAI to.. reading the minutes d rneetings of th wrlh g)vemw', enquiring of marwgernt as to artua aTrJ kxrtwibal Iitsgat cl. Because ol the inherent limrtatK)ns of aLKfrt there 15 a risk that we wlt not detecl all irregularitw, induding those leadirKJ to a rnaté misstatwnMt in finwKial st&eme or n<0MPlI8ce with regulaticn. Thk8 risk increases th8 mcye that c<XrpIk¥ with a IwAt LY regulatk)n is reffved from the events and transxtion8 reflected in the fin8n¢ial statements, as will b8 bss likety to ts4ne aware of Instan of n<0MPliar¢Ce. The risk is also greater warding irreguLanties occurrrwj tkn to fraud rather than errc, as fraud involves A ftrrther of our resp¢s1(altS for the a111 of finarKial stal•ts is I(ated on th8 Financial Rew1ing Counril's at.. www.frGorg uk1auditsf8srbTr1lbe9. This dexxiptI form8 Pwt of our Auditorn. ReporL U•• of our r•port Thi$ k8 m•Jo solety to th8 Gnxw aThl Charrt# CThnpwy'$ Mbe, as a LW, in xcLird8nce with Ch8pter 3 of Part 18 ofthe Ccrnponies Act 2C Our w(¥k has been urthrtaken so thal we fflht state to the Group arKI Charitable c•panY'S members trmxe mattern we aTr rwuir&Y to state to them in an Audrtors. RepLYt arKI for no other purprAe. To the fvllest ex1ent pemiitbj ty lw, we do not 1p1 or assume responsibilty lo arryLTh and CharrtJle CrY rts members. as a brAly. for our aLrt wThk, for this report. crf cpin1$ TA frrt. Mark Gumey FCCA (sen Stslutw ft)r and on behaw of D*ln• Audlt Llmll•d Statutory Auditor Charterwj AccnI4nts Birmiroham
ETERNAL WALL OF ANSWERED PRAYER CONSOUDATED STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 31 DECEMBER %123 Curr•nt fln•ncW y•v Totsl ndl 2023 2023 2022 cnationS and lewe8 Charitable adivrf In¥88tments 488,561 2.107.046 2.595.607 1.580.959 150 8,807 8,518 2S.292 25.292 Tow in¢om• 520.041 2.107.046 2,627.067 1.574,434 Raising fvnds 11,751 11.751 Ch•rbtabl• •cY 548.9)8 1.849.144 2.398.052 612.283 680.669 1,849,144 2,40&.803 619.22? (40.818) 257.902 217284 955,205 120.0001 M•t {•xp•nd1tur•ylncn• lor th• y••rf N•t mov•m•nl In fwNI• QO.618) 237.)2 217.284 955.205 FurKI bal8n(i at 1 J•nwy 2023 22.755 3,345,928 3,368.681 2,413,476 Fund b•l•n¢M •t 31 O•wnb•r 2023 1137 3.583.828 3.585.965 3,388,881
ETERNAL WALL OFANSVVERED PRAYER CONSOUDATED STATEMENT OF FINANCIAL ACTMTIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 31 DECEAIBER 2023 Prlor fln•ncl•l y••r UnMtrf¢tod Rmtrlclod nd• fvnd• 2022 2022 Total 2022 Donation$ and legacaes Ch¥rrt4ble adiviti88 Investments 391,014 150 6.807 6.518 1.169.915 1,560,959 150 6,807 6.518 Toil InGixn• 404.S19 1.169.915 1.574.434 Raising fvnds 471.633 140,650 812,283 470.579 140.050 eig,2 174.0601 1,029.285 955,205 N•t l•xptrndltur•Vlncom• forts y••vl N•t mov•m•nt In lund• {74.{) 1.029,285 955,205 FuThJ bdn(¥s at 1 J¥Y 2022 96.815 2.316.881 2.413,478 Fund b•l•nc•• at 31 D•¢•ffl 2022 22.755 3,345,928 3.368,681 10-
ETERNAL WALL OF ANSWERED PRAYER BALANCE SHEEr FOR THE YEAR ENDED 31 DECEAIBER 2023 Group Chr 2023 2022 Flx•d ••s•ts Tangiblè #ssots Investments 14 3.098.304 2240.S7S 3.096,304 2,240,575 11JO 3.098.304 2.240.575 3.096,404 2,240,675 Currnnt as••ts Debtor8 falling (kne ¥trn CA Cash at bank aThJ in hd 78,379 516,464 594.843 78.380 516,436 74,084 1,243,667 1.317.751 1.243.695 1.312.264 594,816 ¢r•dllor•.' •mounl f•lllng du• *l¢hln on• y•ar (89.349) (158,325} 189.351) 1158,325) Net (ymnt as8¢ts 505.494 1,153.939 1.159.426 Totsl ••••ts IM• curr•nt •s••ts 3.1.798 3.394.514 3.601.889 3.400,101 Cr•dlfOrn: amount lalllng au• •ft•r one y••r 19 115.833) 125,833) {15.8331 (25,8331 Net AM•1• 3.585.965 3.388.681 3,$86.036 3.374,268 Inccm• fvnd• Re8trlcted fund8 Unrn8tricte£l funds 3.583.828 2.137 3.345,928 22,755 3,583,829 2,207 3,345.927 28.341 3.585,965 3,388.881 3,588,038 3,374,268 11
ETERNAL WALL OF ANSWERED PRAYER BALANCE SHEEf (CONTINUED) AS AT 310ECEA18ER 2023 ££fb_ Rithard D•vi8 Comp•ny r•gl•lrnllon nwnb•r 105196S4 12-
ETERNAL WALL OF ANSWERED PRAYER CONSOLIDATED STATEMEKf OF CASH FLOWS FOR ThIE YEAR ENDED 31 DECEAIBER 2023 2022 116.686 943,290 Purcha8e of tsngitde fixed a$8•ts (859.2091 25.2W2 1144.5121 6.807 (833.91n (137.705) Fln•nGln9 •th111•• Reyymenl of borroir R•paymenl of bank 112,5001 {io,¢)Joi (10.0001 N•t h •d In Ilmnclw •cll¥ltl•• {10.0001 122.5001 N•t (d•cr•an¢V•1m In ¢••h and •h •qulv•l•nts (727231) 783.08S C•sh •rKI •h wuN•l•nl8 •t b•klrthi of y 1.243.695 4eo.610 Ca•h Ind #h •qulv•l•thJ at •nd of $16.464 1.243,895 13-
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2023 Accounllw poll¢O•• Charfty Infornutlon Etemal Wall of Anw•d Prayw is a th•Ae kntsd by oJar¥rt•o incypwth in ErvJLand arbj 846 1 DL. ont of Ib¥JN1atiM. Compgnies 28 and "AccInI]ng Rewbry ty Charili•8: St4t•rrnt of R1mMended Pra¢ty applKabl8 to Charrf pryry thw'r acxwrfs in ac4XnC with the Finaal Re.g Standard applicablg in the UK and R•put4ic of lrnlwKI IFRS 102) (éfth 1 janu 2019)". Thè dth18 4 Publlc Benefft Ethy as definod by FRS 102. The finarKaal statements are 8tth"ng, is th• ol th• ¢•rity. MOrt•ry ornounts In thwe finar¥i rwrthd to thg nw•st £. Tri17•s 4dcWd ar• ¥•1 wt 1.2 Golng conc•m has adequats f?re to ¢y)nlinuè in 5tn for thè fore#eeatAe futUTO. Thu• th• tw116 yrtinu• to adopt Ihe gtykVJ c£Km bw'8 of ac£artitYJ in weparirg ts fina181 statemonts. 1.3 Charftabk fvnd• Rethc•d lunds #rn gulyd to ty (knorn M to nw b• umd. Th• pjrpoms And IA In¢om• the amourrts can b• Murnd rehauy. rt i8 that wil be rKfjd. Govemmont grants are recty)ised based on the a>Jual rd0[ aThl are measured at the fair Vall of th revenue arn reoJgni88d in th• Fxriod in the rdated cosls ar• r•ts>3ni#ed. Grants relating lo 14-
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMEKrs {copiriNUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Accounllng pollGI•• IContinu•d) Donated professtonal $8Trices and Paolrfios are rwrd8•J a8 irKom8 kn the tharity hag tntr over the item, any c¢ndth$ as#ated dtywted itn tan m8t. thè reIpt of 8(nomiC bonefft trom the use by the drrtY of the item Y4 ¥J that )nOn benefit eAn be measured ralpY. In aDrdare wrth tho Charth•s SORP IFRS 102), the tirm (w tcward8 tho projec 1$ not thoir ¢ontrilyJlion.. 1.6 Exp•ndlturn JI eXFendTe 18 Y•c¢wM•d onc• th8Tr IB a l oLligatsc lo th•t oxpndmure, tt Is probab settkm8nt 1$ r•quird the arfftt w be meawTrJ r8hy. AM c48ts are allocalod to the app1K•e •xwnditure heading thot aoJr•gatè similar costs to that ¢ole9Ny. V4e costs C4MOt b• directty attributod to parb"cular heading8 they havo been ak2tod cm a bw"$ Carristent with th• u8• of r•styJrce#. with cwrtral Stsff . Other SUFlJOrt cts ar• dIAted ba8od on th• swead of 8taff o)sts. charftae exp8ndlture rAnVI• th0 colts Inrred by the caiity in tr• delivery of its athviti•s and rvic¢8 for it8 b8n6ficiaries. 11 irK4ude8 both ¢)xts that c•n b• alk¢att•J diroL to suth and those QBl$ by the ts'mo 4nt costs lry u¥•g•. IA T•nglbl• Ilx•d a•••t• Tangible fixed a888ts ar• Inibaly at crnt rr•wr•d t c4)•t or valu•tion, n•t of d•prerAation And wy impairm8nt10$8••. D•pr•¢latton h rnCAwnlsed w a8 trj off th• c%•t cr vakth ola•80ts F81• tr1r l¢kl ovèr thr u•efiJl live8 on ts folk"nO baw.. Leasehold land L848ehold inv0ments A88èt$ undw umtru¢on and the nYing value ofth• a$8•L and in reoignwl in tho 81emert of finartial 1.7 Imlmrt of fflx•d a•••ts At each rewjrting tYat•. the tsity r•¥4wA lh• canying WK#a)ts Df its t•nglble 8•gota to d•t•fmlnè whether thgre is any indcabon that those assets haw Arf[*d impamwnt k)$8. If any suth Ind10n exists, the rer3)verable atrKunt of the assal is estim•ted in rthr to detemmne t1 extent of the impaim)ent ss frfffji. 1.8 Ca•h and ¢•ah oWval•nts Cash and (xsh eqLHva1ts Ind18 cash in haryj. depo8rt8 held at rAI b#nks. other short.torm liquid inveslments with on9inal thrEe mc¥th LY less. ar#J trk ottra. Bank o¥thRs are Shthvn 15-
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED> FOR THE YEAR ENDED 31 DECEAIBER 2023 AGc(wnlSng poll¢l•• IContlnu•dl 1.9 FIMncl•l In•trumonts 'Other Finanraal In5trw Is¥u, ol FRS 102 to al of its fin411 inn FInaal in¥trumOr aTO re(ywi•ed li th• theet Tt) tho rity bw)Ths party to the FinafKial a88ets aNI lialets are off#eL ith tr rnt presented in th• finanual 81atemonls, when Ihwg is a18galty enlorceable nglrt to 8•t off th• r•c(wsed aUnIS and thère18 an Intentlon to 8etVe on a net B•8ic finar•>o1 aslets, in¢>J• dJbt(xJ and (xth aN1 barlt balancas. are InallY m?asured al transacon pri(? ind1j tran¥•Ll c)sts and •J• ¢oni•d at allfId cost using the eff8th.ve dA88ffled ai recivable yèar • 8nMJlll. val ol IM fuknN• p•yments 1Xntsd at a math8t raté of intrrnt FinwKaal Ii4NrtM daswfiod as pay•bl• rabon8 from AnKwrrts pgyaN• das¥fi•d as rAfftnt lats"litses rf FAyrnnt 18 duè vnthin one year or le88. If not. they •rn y?Sen as li•bthb•s. Tr•kn ugditry8 are rec¢gni••d inthally al FInarla1 liabbllll•• dw•wA••d (XmIrx oblbg4kn8 •xpKe or arn dlstharged or cancll•d. 1.10 Employ•• b•n•fft• 1.11 R•tlrwn•nt b•n•fits 16-
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMEKrs {coNriNUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Crltlcal aGcounllng Mtlm•ts• •ndJudgww In tho appfication of the •>yJJntirwJ pthdes, th• trLOteo5 ¥• requlred to make judgements. e8llmalè6 and a¥¥umptsorM about the rnnt of assats arKI labrtieS that are )t rgadity appoygnt from other eatimates are reo)gThsed in in wt4ch th• e8tim8te 18 r•wsed Trhere tlw rewsion affe(8 only that od8. T¢)tsl furK 2023 2023 2022 Don•ts'oM al grft• Govomffwrt granls Don•t•d goods ar 4n,$83 2.8.524 2.539.107 308,988 1.162.115 4.706 1.469.103 4,7( 40.522 40,522 15,978 86.501 12.849 74,301 12,849 Gfft AJd t¥x r•d8lmed 15.978 488,$81 2.107,046 2.595.607 391,014 1.109.915 1,580,959 Trndlng Incom• Tr•dlng Incom• 2022 2023 150 Inv••lm•nts Unr••trlthd Unr•8trklad d$ 2023 2022 Bank Intsr1 & other interest 6.807 17-
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Unr••trfctsd Lthmtrlclad fund fund8 2023 2022 othgr inmr othar salos 5.155 533 6.481 37 6.518 R•l•lng fiwKI• Unr••lrl¢l•d Unre8ldcled fimd• fLmds 1023 2022 Fundraiwng 8•M¢ PrOcxsn9 Other fundrging ¢)xl• 4.835 4.186 2.9S0 3,707 2.875 Fundra181NJ and putAiraty 11,751 6.382 Cost of gocth •okl 11,751 18-
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATeMeKrs (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Charltsbl• actmd Bulkl Bulld Mtl¢)n•l Mtlonal l•ndmark knndmark 2023 2022 Staff ¢os Dewea'ab'on and inwlmxnt R1 2.838 144.541 1,702 21,686 1,913 12.516 2,073 95.906 130,559 5,086 {15.0421 887 5.235 159.217 1.031 3,131 Administration expenJ•s Marketing a publicity PIDle8si0rl, lryal & Planning fees VAT di8allowod Bank 178,502 373,146 27,201 1.333 8.484 1 $9.725 TT9 1.685 47.009 Loan interrtt pakl Light & hoat Events Sundry expan9 Rgcruitm•nt rosts Sh• maint•narK• M¥in road 9.298 19.979 4.232 4.784 1.281.178 2,389,409 e04,585 Sharn oftyiv1m I {wi note 9) 8,643 7.898 2.398.052 612.283 An•ty•h by fund Unre8thced fund# ReJtnc•<l funds 548,bM18 1,849,144 471,833 140,050 2,398,052 612,283 19-
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMEMrs (coKriNUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 support co•ts 2022 AOXLI)ta & Ait f M¥¥lin9 expM8•8 CNnpani•s Ho f•0 8.500 117 7,590 95 117 8.643 7,698 8.843 7,698 10 TMtM• 11 Employ• 2023 Nwnbw 2022 lInts•r Mark•tin9 awKI •drnlnl•tr•kn employm•nt ¢o•l• 2023 2022 90¥ ond I•rie# 187.861 15,538 3.237 133,986 8,751 1.804 .636 144,$41 Dng the year, key managwrtt por8ml rnc•i¥*d of£177,242 (2022. £137,372). This indLKl8s amounts pa to ¢g>ntrath. 12 Taxatlon
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 13 P•n•lon Cmnlttmw Contributlon$ lotallirvj £734 (2022 . £3281 to th• fixhy at the bkn date and are induded in u•ditor8. 21
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 14 T•nglbl• Flx•d A••ots L•whold L•nd and Improvm• Charty C4)•t At 181 January 2023 Ad'on# 1.71X),I 1.720 1.7(h),(MX+ 108,720 At 318t December 2023 1.81.720 1,8C6.720 D•prncl•tlon At 18t January 2023 DapredalM?n tharyJe for the y•ar 2,127 2.127 At 31st DeCoffltr 2023 5.607 Carylng amount At 31st December 2023 1.801.113 1.801,113 AM•t• und•r con•tructlon Charlty Co•t Al 1 $1 January 21r23 Addition8 542.702 752.489 542,702 752,489 At 31st DeCemr 2tr23 1.295,191 1.295.191 D•pro¢latlon At 1st January 223 OepreciatK)n charg8 for tho yoar At 31st Decwnbor 2tr23 Carrylng amount Al 31st DKember 2023 1.295.191 1.295,191 Tot*1 Tanglbl• Flx•d A•8•ts 3.096.304 The cost of assets under constnjdion relates mainty to th8 C05t of wdessx)nd fogs for cg)n8truction of the mobius strip. 3.096.304
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEAIBER 2023 15 suIdirI Th8 charity v•ffls 1th of the issued sh•re captal Comp•ny Inv••tm•rrt •t Etemal Wall IOpwatTh8) Lwnited 1CM) Summ4ri80d fin•n¢441 rejults of Etem81 Wall IOFWatLTh) Limrtod ICrynp8ny RegKrytTation 105425211 are set out below and are Ind In the con•Oli SOFA All acliffttw r•l•t8 to (y)ntinuir operations'.- 2023 2022 Turnovor Other incom Co81 of salo8 Othw tharges 5.515 28 Profrt l (Loss) 5,487 128 28 (5,5151 LiabilTtK88 1281 Shareholders, funds 100 {5.487}
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 31 DECEAIBER 2023 16 D•btor• Ch•rlty 2023 2023 Amounts falllng dw Tlthln on• y••r. Trade debtor8 Amounts (yAd by subsithary urthi*iTr Other debtors 618 1.224 3.768 1.224 5,515 62,151 5.194 78,711 1.050 82.151 5.194 73,SS1 1.050 78.379 78,379 74,084 8rKI arg rgpayable on demand. -24-
ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2023 17 Lo•w4 and ¢)wrdr•ts Ch•rlty Bank loans 25,833 35.833 25,833 35,833 25.833 35,833 25.833 35.833 P•yabl• vAthln orJ y•v Payable after one year 10.000 15,833 10.000 25,833 10.000 15.833 10,000 25,883 18 Cr•dltorn: •mounl• f•lllng du• TAthln on• y••r Chaflty 2023 2022 84nk loan8 Other taxallon, sixsal •KI Trade credrtors Ottw ry1110 10.(KX) 5.257 43,693 10.(NJ) 1,240 88.17T 10,OCKI 5,257 43.893 10.000 1,240 88,177 29.011 29.011 89.349 158.325 89,349 158,325 19 Crndllorn: amounts f*lllng ift•r mor• on• >wr. Charlty 2023 2022 Bank Loons 15,833 25,833 15,833 25,833 15.833 25,833 15.833 25,833 bonk an is Unserejj and Tepayth over 8 an intwgst rate of 2.5% pw annum.
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ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMEMfs (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Rlch•rd Gambl• Paymenls were nmde lo R & S Garth ConvAlb"ng. 18 8 bAinoss part by Richard Gambl&, in r•sp8Ct of consuttancy $8r¥K•5 sup&lied to the ¢wrty. of £87.C67 12022 £82.3981 At the balance sheet date th• amounl du8 lo R & S Gwnbl• £237 (2022 £Nlf). IAlchad l•on Prnents were m•de to Ixm M•n•gwixrt ser Ltd. tach r3 a compary tslat PAicha•l Ison (Y4WS 50% of th& issued share Caal a1 SuFd ao)yJrting, and managthrthtt 8UPPOrt to the cl)arty. of £35.044 12022 Q7,2741. At tho bfjl •tr081 d th• tt> mlle11t Ltd wa8 £4.888 {2022 £3.7291. Gary 3pSc•r Oonaiions of £491.thJO 12022 £1.1th).000) frcrfn Th? Day Umltets a nJ9lthr•d ¢harty and company knnNt•d ty guarant•• ¥Jl)w• Gary Spicw r& also a and tru¥t••. This ijud9 ¥ r•strided dorwticffl of £179,OLN) (2022 £800,000) tv8rdb ¢>)nknefi eo8ts and £312,000 12022 £300,000) ow•bty Atth• b•LvK •h••t d•1• £NI12022 £Nill dcrth ww• acuuinq to tho Chonty. G•mbl• PaYmts ol £840 12022 £Ntl> d•la •rdyw's tAwe ft¥J• to Jwnes Gwbl• tho i• the ol Rkh•rd GarrtJl•. At the bl¥v SI¢ d•t• IIKI WIK lo £frI112022 £NII. During th8 year, the Charty (lorthKTh thyJt frryn rfjl•t PArtlos totAIWng £251.300 {2022 £10,000) 23 AnIty¥ of Cn•• In n•t lund• Al l Jwry e••h At 11 D•o•mb•r 2023 Cash at bank and in horyl 1.243.695 In7.231) 516,484 Loans falllThJ due withln on• year Loans f8HirJ after nbxe than ¢n• )ar 110,¢X)01 (25,833) 13.774 110,0001 {1 5,8331 1.207,862 (704.731) 490,631