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2022-03-31-accounts

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

BILLY GRAHAM

EVANGELISTIC ASSOCIATION LTD

TRUSTEES’ REPORT & FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2022

COMPANY REGISTRATION NUMBER 00567778 2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 1

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FROM OUR PRESIDENT

Dear Friend,

Thank you for partnering with us to share the hope of Jesus Christ during this pivotal time in history. This past year, in the midst of an ongoing pandemic, deadly storms, political instability, and economic uneasiness, you helped people around the world hear the Good News of our Saviour, who “is the same yesterday and today and forever” (Hebrews 13:8, ESV).

Through events like the Evangelism Summits which were held in Glasgow, Liverpool, Cardiff, and London last year, we praise God for the many opportunities He gave us to “proclaim the gospel to the whole creation” (Mark 16:15). Countless men, women, and children heard the message of God’s love, and many responded in faith to call upon Jesus Christ as Lord.

As we look back and reflect on all that the Lord has done, I want to share how grateful I am for your partnership. Through your support and prayers, you are pointing longing hearts to real and lasting hope. Will you join me in praying for the ongoing work of the Gospel in the year ahead?

May God richly bless you.

----- Start of picture text -----
Sincerely,
Franklin Graham
President
----- End of picture text -----

TABLE OF CONTENTS

1. Charitable Company Information

3.

4. 19.

2. Trustees’ Report

3. Independent Auditor’s Report

4. Financial Statements and Notes

24.

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CHARITABLE COMPANY INFORMATION

TRUSTEES

Mr J. Barrett
Mr R. Chilvers
Mr J. Gallagher
Rev. W.F. Graham, III
Mr P. Saber
Mrs C. Graham Lynch
Rev. W.F. Graham, IV
EXECUTIVE DIRECTOR Mr D. Tosh
COMPANY SECRETARY Mr S. Herbert
COMPANY REGISTRATION NUMBER 00567778
CHARITY REGISTRATION NUMBER 233381
PRINCIPAL ADDRESS Victoria House, Victoria Road,
& REGISTERED OFFICE Buckhurst Hill, Essex, IG9 5EX
Barclays Bank PLC
BANKERS 1 Churchill Place, Level 27,
London, E14 5HP
Mazars LLP
AUDITORS 2nd Floor,
6 Sutton Court Plaza,
Sutton, Surrey, SM1 4FS
Anthony Collins
SOLICITORS 134 Edmund Street,
Birmingham, B3 2ES

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TRUSTEES’ REPORT

BILLY GRAHAM EVANGELISTIC ASSOCIATION TRUSTEES’ REPORT

The trustees, who act as directors for the purposes of company law, present their report and financial statements for the year ended 31[st] March 2022, which have been prepared in accordance with the Financial Reporting Standard FRS102 and the associated Charity Statement of Recommended Practice 2015.

In accordance with the Memorandum and Articles of Association, the objects are to spread the Gospel of Jesus Christ as supported by the evangelistic teachings of the ministry of Franklin Graham, by appropriate means for the public benefit.

The principal activity of the company is supporting the worldwide evangelistic activities of the Billy Graham Evangelistic Association (BGEA). This is achieved by:

GOVERNANCE

The trustees, who act as directors of the company, serving during the period were as follows:

Mr. J. Barrett - Chair

Mr R. Chilvers Mr J. Gallagher Rev. W. F. Graham, III (also CEO of BGEA-US and President of BGEA globally)

Mr A. Lawrence (resigned 13th October 2021)

Mr P. Saber (also Board Member of BGEA-US) Mrs C. Graham-Lynch Rev. W.F. Graham IV (also Board Member of BGEA-US)

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TRUSTEES’ REPORT

GOVERNANCE - CONTINUED

The trustees meet at least three times per year as a full board to manage the charity. In addition, the trustees have in place board sub-committees to cover the following areas:

New trustees are appointed by existing trustees and are required to follow an induction process which consists of being introduced to the operations of the charity, attending a Board meeting, visiting the offices of BGEA in the US to meet staff before being formally appointed and receiving formal training in their responsibilities.

The trustees have delegated day to day management of the Charity to the Senior Management Team which consists of Mr D. Tosh as Executive Director and Mr S. Herbert as Finance Director.

BGEA endeavours to ensure that all trustees receive the induction, training and ongoing support they need to carry out their duties effectively. All new trustees go through an induction programme to familiarise them with the organisation, their duties and legal responsibilities.

As well as those staff employed, BGEA continues to be supported in its administrative affairs by staff employed by Samaritan’s Purse International Ltd (SPI). SPI recharges to BGEA the percentage of staff time spent on its administration.

The charity works in close co-operation and collaboration with similar organisations throughout the world and especially the BGEA office in the USA.

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TRUSTEES’ REPORT

THE GOVERNANCE CODE

The trustees and management of BGEA take the obligations and principles set out in the Governance Code seriously. The Code is built upon a foundation that all trustees understand their legal obligations and then develops seven guiding principles to ensure that charity is well-managed and effective. The principles are leadership, integrity, decision making, risk and control, board effectiveness, diversity, openness and accountability.

BGEA is confident that all the trustees have a full understanding of their legal obligations. All of the trustees have seen the Code in full and are aware of the content and suggested good practice. The Governance Committee has reviewed the Code against a matrix developed by management. The Code itself acknowledges that good governance is an on-going process and as such BGEA is currently satisfied that there is broad compliance with the Code and that it will be held under constant review via the Governance Committee and senior management. With this caveat, the trustees are not aware of any material shortcomings against the Code.

KEY MANAGEMENT PERSONNEL

All salaries are benchmarked using a variety of sources, including current/recent competitive advertised salaries, salary surveys from leading agencies and remuneration data from professional bodies. Salaries are also benched according to geographic location.

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TRUSTEES’ REPORT

RISK MANAGEMENT

The charity is exposed to risks in several areas. A full Risk Register is reviewed at least twice a year and a summary of risks is a standing agenda item for each Board meeting. The key risks identified and the strategies to mitigate the risks are:

RISKS STRATEGY TO MITIGATE
1. Inadequate or low reserves • Full structural review being undertaken in 2021/22 to
determine the most appropriate way forward for the charity
in the UK,
• Fundraising and Marketing plans to target new donors and
attract younger donors,
• Investment in Major Donor Fundraising Programme,
• Increased use of Digital Channels to enhance reach and
make the donation process simpler,
• Increased collaboration on grant management with BGEA US.
2. Harm caused to the public
and the Charity as a result of a
failure in Safeguarding		 • Safeguarding policy reviewed and external advisors
appointed,
• All staf received basic training which is annually refreshed.
Where relevant, staf with more direct public interactions
also receive enhanced training,
• Appropriate levels of DBS being obtained,
• “Designated Safeguarding Leads” identifed and given
enhanced training,
• Governance Committee appointed as Safeguarding Lead on
behalf of the trustees and all members of that Committee to
undergo enhanced safeguarding training.
3. Increased reliance on systems
for remote working has
heightened the potential and
opportunity for some form of
cyber attack		 • We are fully supported by our sister organisation Samaritan’s
Purse in the UK and from IHQ in the US as this is a global
issue,
• All software up to date and processes for patching fully
implemented,
• Potential exposures being continuously reviewed,
• Training given to all staf regarding cyber-crime awareness,
• Cyber-crime insurance cover in place.
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TRUSTEES’ REPORT

RISK MANAGEMENT — CONTINUED

COVID–19

The charity continued to fully comply with the UK government regulations with respect to the COVID-19 pandemic. This included the implementation of a number of operational changes, including but not limited to the use of home working and increased hygiene practices in our facilities. Along with the rest of the country, the charity celebrated the removal of all such regulations in February 2022 and looks forward to returning to normal operational patterns for the remainder of the year.

ACHIEVEMENTS AND PERFORMANCE

Throughout a rare and unparalleled year where many struggled to navigate life in the midst of the COVID-19 pandemic, the Billy Graham Evangelistic Association ministered to a fearful and exhausted world. Churches across the United Kingdom have faced great difficulties as they attempt to recover from the pandemic, and church leaders in particular felt a heavy burden as they provided an unprecedented level of pastoral care to their communities. Many felt alone and depleted. Supporting the church has always been an important principle of the ministry, and God opened doors for BGEA to equip and encourage church leaders in the UK through four in-person Evangelism Summits. In addition, BGEA continued to point people to salvation in Jesus Christ through our internet evangelism ministry and the Billy Graham Rapid Response Team.

BILLY GRAHAM RAPID RESPONSE TEAM

The Billy Graham Rapid Response Team (BG-RRT) in the United Kingdom currently has a team of 91 trained chaplains from across the country, and because of the pandemic, they ministered in-person and by phone or email.

DEPLOYMENTS

Five deployments have taken place over the past year:

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TRUSTEES’ REPORT

BILLY GRAHAM RAPID RESPONSE TEAM — CONTINUED

The Buckingham Palace deployment was a significant deployment. As the country emerged from lockdown restrictions, the chaplains found that people visiting the memorial site outside the palace were eager to engage and pray with them. Many were open to speak about their personal struggles from bereavement, unemployment, financial worries, anxiety, and isolation. The chaplains were able to offer a listening ear to those in need.

Within these deployments, over 20 people indicated that they found salvation in Jesus Christ. Chaplains also prayed with over 150 people overall.

PRAYER SUPPORT

Upon the wake of the COVID-19 pandemic in the previous year, BG-RRT was able to offer the opportunity for people to request a prayer with the crisis-trained chaplains by submitting a request through the BGEA UK website.

To care for website visitors who were struggling with fear or anxiety in the wake of the pandemic, we posted a chaplain call-back request form. Our crisis-trained team responded to each of the requests and ministered over the telephone and via email.

TRAINING, EXTERNAL RELATIONSHIPS AND SUPPORT

The training of chaplains, church leaders and members, and local government organisations remained a vital component of the BG-RRT ministry, and it has become foundational in making disciples and equipping believers to serve a hurting world. During the past year:

In total over the past year, more than 200 individuals received training from the Billy Graham Rapid Response Team ministry in the United Kingdom.

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TRUSTEES’ REPORT

BILLY GRAHAM RAPID RESPONSE TEAM — CONTINUED

INTERNET EVANGELISM

Last year, the Billy Graham Evangelistic Association’s internet evangelism ministry, Search for Jesus, continued to share the Gospel of Jesus Christ with thousands of searching hearts from the United Kingdom and across the rest of the world.

More than 127,000 visitors came to the site last year, and over 22,000 indicated that they made a decision for Jesus Christ through the PeaceWithGod UK website (PeaceWithGod.org.uk). This is part of a global effort which saw over 7,900,000 web site visits. Through this ministry, people can communicate with a global team of over 1,300 trained volunteers.

Search for Jesus ministers in English, Arabic, Spanish, Chinese (Mandarin), American Sign Language, Russian, Korean, and Portuguese. In the United Kingdom, the volunteer team is made up of 55 volunteers ministering in three different languages (English, Spanish, and Arabic), and they are available to share the Gospel and offer prayer through social media, instant messaging in a chat box, and email. Additionally, volunteers are also able to provide personal discipleship to people from around the world through online discipleship courses.

One person who previously followed Buddhist teaching found Jesus Christ through one of these courses and said:

“I now know that this peace can only be found through accepting and following Jesus Christ. I have got rid of my little buddha statues, my wall canvas, all my Buddhist books, and a necklace and a lotus flower ring I bought. All have gone, without regret.”

—Response from a Discipleship Student on the Know Jesus course.

Another course participant said:

“I really enjoyed this course. I will go on and learn more. There are no words to describe how I really feel, but I know one thing, I am not the same person as I was last year.”

Volunteers who have ministered through Search for Jesus are also finding their involvement with the ministry to be enriching and encouraging.

“I was involved with mission activity around the UK but now physically less able, so this gives a great way to keep active on the front line and keep one’s faith alive.”

—Statement from a Search for Jesus volunteer.

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TRUSTEES’ REPORT

INTERNET EVANGELISM — CONTINUED

Search for Jesus also connected people to local churches through its online Church Locator. There are 435 churches on the locator, with 160 individual churches being added in the past year (over 61% growth from previous year), and 15 people were directed to these churches for discipleship and follow up.

GOD LOVES YOU TOUR AND EVANGELISM SUMMITS

Churches and ministries across the globe have wrestled with the process of moving forward from the restrictions and limitations brought about by the COVID-19 virus. Despite facing obstacles with venue cancellations and the pandemic, multiple legal victories by the Billy Graham Evangelistic Association opened doors for the God Loves You Tour to take place in 2022. Official dates and venues were announced in October 2021:

Towards the end of 2021, BGEA held four in-person Evangelism Summit events in preparation for the upcoming God Loves You Tour, and they exceeded expectations in both attendance and response. In total, almost 2,000 believers and church leaders participated in Glasgow, Liverpool, Cardiff, and London.

Delegates described the Summits as enriching, encouraging, and stimulating. Internationally acclaimed speakers were invited to deliver impactful sessions to inspire and lift up church leaders at a time when most felt alone and exhausted. We thank God for the opportunity to gather and worship as Christians for the sake of the Gospel.

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TRUSTEES’ REPORT

INTERNET EVANGELISM — CONTINUED

GOD LOVES YOU TOUR WITH FRANKLIN GRAHAM

The God Loves You Tour with Franklin Graham was announced in the Autumn of 2021. The tour will bring the Gospel message to the cities of Liverpool, Sheffield, Newport, and London. The large-scale evangelistic events are supported by over 2000 churches across the United Kingdom who are actively engaged in the preparations and prayer for a successful evening of ministry.

A major key to the impact of the evangelistic tour is the training and equipping of local Christians in each of the respective cities. BGEA will always seek to equip believers in every stage of their Christian walk. Over 100 Christian Life and Witness Classes are underway ahead of the God Loves You Tour to train over 5000 people. The classes, which are being held in different locations across the United Kingdom, teaches Christians how share their faith, as well as serving at the upcoming God Loves You Tour events. We are grateful that through the course, thousands of believers across the United Kingdom have been equipped with skills in evangelism. One person who attended a class in Sheffield said: “Every Christian needs the skill that this class teaches.”

FINANCIAL REVIEW

Income for the 12-month period amounted to £3,262,873 (2021: £2,481,747), whilst expenditure totalled £2,812,587 (2021: £2,589,357). The net surplus of the charity amounted to £450,286 (2021: (£107,610)). The charity was able to expend £2,597,151 (2021: £2,335,469) on its charitable activities.

The Balance Sheet shows total funds of £928,082 (2021: £477,796), comprising restricted funds of £645,874 (2021: £182,918) and unrestricted funds of £282,208 (2021: £294,878). The financial statements set out on pages 24 to 38 show the charity’s financial position at 31[st] March 2022.

Adequate general donations were received during the year, but strenuous efforts are being made to increase the level of donations in order to reduce the reliance on grants from International Headquarters and to realise future plans for the on-going UK based activity after the Tour is completed.

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TRUSTEES’ REPORT

FUNDRAISING

The Charity is ever grateful for the steadfast support of our donors this year. The work of the ministry would not be possible without their faithful giving. The Charity uses several different communication methods to attract and retain support, including:

The Charity seeks to be transparent as to how the donated funds raised will be used and, in all cases, any restriction placed on a donation is strictly followed and fulfilled. In cases where the Charity is unable to use the donation, the supporter will be contacted and either another use for the funds agreed or they are returned.

The Charity maintains and monitors the wishes of each supporter and will only communicate using methods the supporter has given clear and informed consent for us to use. The Charity does not knowingly communicate with young people below the age of 18 or any vulnerable adult. Where we are made aware that such people may be receiving communications from us, our records are amended to prevent further communication.

The Charity has robust systems in place to ensure that where a supporter wishes to cease being contacted, either directly with us or through the Fundraising Preference Scheme, this action can be implemented immediately.

The Charity is compliant with the Institute of Fundraising Code of Practise and received no serious complaints about its fundraising practices during the year.

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TRUSTEES’ REPORT

RESERVES POLICY

During the year the Board of Trustees reviewed the reserves policy.

The general fund is held to meet the opportunities, contingencies and risks which the charity may not be able to meet out of income, if and when they arise. At the end of the year £282,208 (2021: £294,878) was being held in the general fund.

The existing reserves policy whereby the Board of Trustees considered that the charity should maintain reserve levels in the general fund in a target range of £100k to £150k has been reviewed and is considered to be appropriate. This level of reserves is sufficient to cover at least 90 days of normal operating expenses. The trustees acknowledge that the timing of a large legacy in February 2021 has created a balance in excess of this level.

INVESTMENT POLICY

Any short-term surplus cash is invested in interest bearing accounts. This is reviewed by the trustees.

PLANS FOR THE FUTURE

The ministry of the BGEA remains a unique and growing expression of Christian civil society in the United Kingdom. Our commitment to traditional Biblical theology and the proclamation of the Gospel in the public sphere remains a hallmark of our mission – which has shown a profound impact across the country as partnerships with churches in England, Wales, Northern Ireland and Scotland continue to grow. The ministry will continue to express its public benefit of supporting and growing the Christian faith through the local church via the following ministry streams:

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TRUSTEES’ REPORT

PLANS FOR THE FUTURE — CONTINUED

1. RESOURCES

Biblically-based resources will continue to be developed and made available through the website and promotional events. Resources will remain challenging, accessible from various platforms, and consistently based on Biblical teachings.

The organisation is committed to providing additional evangelistic trainings to the public through the Christian Life and Witness courses, as well as supporting the local church through Christian leaders’ meetings and Evangelism Summits.

2. INTERNET EVANGELISM

Significant numbers of people will continue to come to faith in Jesus Christ through the online platforms of SearchforJesus.net and PeaceWithGod.org.uk. We will continue to recruit and train our volunteer online coaches who help answer questions and disciple new believers around the world, as well as increasing the network of churches who are willing and able to receive these enquirers or new believers to ensure that continued discipleship happens. During the year we aim to increase the number of churches involved from 450 to 600, and to increase the number of active volunteers.

3. BILLY GRAHAM RAPID RESPONSE TEAMS

Serving communities affected by disaster and trauma through Billy Graham Rapid Response Team chaplains remains a privilege and a powerful ministry tool for BGEA. Crisis-trained chaplains provide a vital service of offering support to victims, those indirectly impacted, and the emergency services. Support is given irrespective of race, creed, gender or sexuality. We will continue to expand, train and equip our chaplains to be able to respond when such events occur, as well as provide specialised training to communities to equip them with the proper response in times of crisis.

In 2022, BGEA aims to deploy Billy Graham chaplains alongside a supporting local church in increased regularity. This may include assisting churches who are receiving Ukrainian refugees as part of the government’s Homes for Ukraine programme.

4. FESTIVALS AND CELEBRATIONS

The upcoming God Loves You Tour will reach thousands of people with the Gospel message in Liverpool, Newport, Sheffield, and London. These one-day events are preceded by months of preparation and training of local believers who wish to serve as counsellors at the event, or to simply bring their friends and family to hear a message of hope.

Future events may take place in Glasgow, Newcastle, and Birmingham. We continue to pray for the evangelism events which have been delayed since the deplatforming of the Graham Tour in 2020.

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TRUSTEES’ REPORT

CONNECTED CHARITIES

Samaritan’s Purse International Limited

Registered office: Victoria House, Victoria Road, Buckhurst Hill, Essex, IG9 5EX

Common directors/trustees: Mr. J. Barrett, Mr R. Chilvers, Mr. J. Gallagher, Rev. W. F. Graham, III, Mr. P. Saber, Mrs C. Lynch and Rev. W.F. Graham IV

This charity shares some resources and staff and has some common directors as listed. Recharges over from this charity are outlined in note 11 – trustees and related parties. Mr D. Tosh is the Executive Director of both charities.

PUBLIC BENEFIT STATEMENT

The trustees have considered the public benefit guidance issued by the Charity Commission together with the supplemental guidance on the application of the public benefit test to charities whose aims include assisting those in need. The trustees are aware of their legal duty to have regard to the public benefit guidance and to report on the charity’s compliance with the public benefit obligation. The activities of the charity are considered to provide public benefit for the following reasons (this list is not exhaustive):

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TRUSTEES’ REPORT

RELATIONSHIPS WITH OTHER ORGANISATIONS

The charity has ongoing working relationships with BGEA USA through a signed legal Affiliation Agreement, and they share resources where necessary. The charity also works in cooperation with other BGEA offices worldwide. The charity shares infrastructure and staff and collaborates on projects with Samaritan’s Purse International Limited.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Company and charity law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for the period. In preparing those financial statements, the trustees are required to:

The trustees also confirm that, as far as they are aware, there is no relevant audit information of which the charity’s auditors are unaware, and they have taken all steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the company’s auditors are aware of that information.

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TRUSTEES’ REPORT

AUDITORS

A resolution to re-appoint Mazars LLP as auditors will be proposed at the forthcoming annual general meeting.

SMALL COMPANY EXEMPTIONS

In preparing this report the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

Approved by the Board of Trustees on 24[th] October 2022, and signed on its behalf by:

James Barrett, Chair

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AUDITOR’S REPORT

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BILLY GRAHAM EVANGELISTIC ASSOCIATION LIMITED

OPINIONS

We have audited the financial statements of The Billy Graham Evangelistic Association Limited (the ‘charity’) for the year ended 31[st] March 2022 which comprise of the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

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AUDITOR’S REPORT

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements 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 charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is 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 the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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AUDITOR’S REPORT

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report included within the Trustees’ Report.

We have nothing 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:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement set out on page 17, the trustees (who are also the directors of the charitable company for the purposes 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 determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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AUDITOR’S REPORT

RESPONSIBILITIES OF TRUSTEES — CONTINUED

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL 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. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error 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 the financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the charity and its activities, we identified the principal risks of non-compliance with laws and regulations related to the Charities Act 2011, the Charities Statement of Recommended Practice, UK tax legislation, pensions legislation, employment regulation and health and safety regulation, anti-bribery, corruption and fraud, money laundering, non-compliance with implementation of government support schemes relating to COVID-19, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the Companies Act 2006, and the Charities Statement of Recommended Practice.

We evaluated the trustees’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to use of restricted and endowment funds, and significant one-off or unusual transactions.

Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:

CONTINUED >

22 | THE BILLY GRAHAM EVANGELISTIC ASSOCIATION LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

AUDITOR’S REPORT

RESPONSIBILITIES OF TRUSTEES — CONTINUED

Our audit procedures in relation to fraud included but were not limited to:

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities, including fraud, rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

USE OF THE AUDIT REPORT

This report is made solely to the charity’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body for our audit work, for this report, or for the opinions we have formed.

Signed:

Nicola Wakefield (Senior Statutory Auditor)

for and on behalf of Mazars LLP Chartered Accountants and Statutory Auditor, 2nd Floor, Sutton Plaza, Sutton Court Road, Sutton, SM1 4FS

17 November 2022 Date:

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 23

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31[ST] MARCH 2022

Note
INCOME FROM
Cash donations and
Legacies
2
Gift in Kind
3
Charitable Activities:
Grants
4
Trading Activities
5
Investment Income
6
Total Income:
Expenditure on:
Raising funds:
Charitable Activities:
Ministry costs
Total Expenditure:
7
Net Income/(Expenditure)
before transfers
Transfers between funds
15
Net Movement in funds
Reconciliation of funds:
Total funds brought
forward
Total funds carried
forward		 Unrestricted
funds
£
Restricted
funds
£
2022
Total
£
Unrestricted
funds
£
Restricted
funds
£
2021
Total
£
216,007
63,153
279,160
408,913
34,741
443,654
-
1,211,486
1,211,486
-
906,654
906,654
64,027
1,699,711
1,763,738
54,727
1,075,205
1,129,932
680
7,752
8,432
727
764
1,491
57
-
57
16
-
16
280,771
2,982,102
3,262,873
464,383
2,017,364
2,481,747
140,477
74,959
215,436
137,095
116,793
253,888
127,542
2,469,609
2,597,151
99,109
2,236,360
2,335,469
268,019
2,544,568
2,812,587
236,204
2,353,153
2,589,357
12,752
437,534
450,286
228,179
(335,789)
(107,610)
(25,422)
25,422
-
(51,580)
51,580
-
(12,670)
462,956
450,286
176,599
(284,209)
(107,610)
294,878
182,918
477,796
118,279
467,127
585,406
282,208
645,874
928,082
294,878
182,918
477,796

There are no recognised gains or losses other than those shown in the Statement of Financial Activities. All operations are continuing operations.

24 | THE BILLY GRAHAM EVANGELISTIC ASSOCIATION LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

BALANCE SHEET As at 31st March 2022

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS:amounts
falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
FUNDS
Unrestricted funds
General Fund
Restricted funds
15
TOTAL FUNDS
16
BALANCE SHEET
As at 31stMarch 2022		 £
721,880
365,194		 2022
£
£
2021
£
12,760
23,070
12,760
23,070
179,672
312,552
492,224
(37,498)
915,322
454,726
928,082
477,796
282,208
294,878
645,874
182,918
928,082
477,796
COMPANY NUMBER :00567778
12,760
915,322		 23,070
454,726
1,087,074
(171,752)		 492,224
(37,498)
928,082 477,796
282,208
645,874		 294,878
182,918
928,082 477,796

The financial statements have been prepared in accordance with the provisions applicable to small companies within Part 15 of the Companies Act 2006.

Approved by the Board of Trustees on 24[th] October 2022, and signed on its behalf by:

James Barrett, Chair

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 25

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31[ST] MARCH 2022

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net Income /(expenditure) for the reporting period
(as per the Statement of Financial Activities)
Adjustments for:
Interest received
Depreciation charges
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Net cash provided by/(used in) operating activities
Cash fows from operating activities:
Net cash provided by/(used in) operating activities
Cash fows from investing activities:
Interest received
Purchase of equipment
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank and in hand
Total cash and cash equivalents		 2022
£
450,286
(57)
10,310
(542,308)
134,254		 2021
£
(107,610)
(16
17,955
140,735
(125,594)
52,585 (74,530)
52,585 (74,530)
57
-		 16
(19,779)
57
52,642
312,552		 (19,763)
(94,293)
406,845
365,194 312,552
2022
£
365,194		 2021
£
312,552
365,194 312,552

26 | THE BILLY GRAHAM EVANGELISTIC ASSOCIATION LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2022

1. ACCOUNTING POLICIES

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial statements have been prepared in Pound Sterling as this is the currency of the primary economic environment in which the charity operates.

b) Preparation of the accounts on a going concern basis

The financial statements are prepared on a going concern basis. The Charity has reported a cash inflow of £52,642 (2021 – outflow of £94,293). The trustees have no concern over the future financial viability of the Charity as there are sufficient funds available for the on-going work of the Charity. The trustees have considered the impacts of COVID-19 but in view of the fund balances and cash carried into the year and the on-going support for all Tour activities by BGEA-US which now extends into 2022 they remain confident in their assessment.

c) Recognition of income

Income from donations and gifts are recognised on a receivable basis. Legacies are recognised as income when notified to the charity, if the receipt is both probable and measurable. Grants are recognised in the financial statements in the year in which they are receivable. Income from charitable trading activities is included in income in the period in which the charity is entitled to receipt. Income tax recovered and interest receivable are accounted for on an accruals basis.

d) Expenditure

CONTINUED >

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 27

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

ACCOUNTING POLICIES — CONTINUED

e) Value Added Tax

The charity is registered for VAT and all income and expenditure is shown net of the related VAT. Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

f) Pension costs

Pension contributions are paid into a defined contribution pension scheme. Contributions payable in the period are charged in the Statement of Financial Activities. Charges are allocated between Restricted Funds and Unrestricted Funds based on the activity of the employee involved.

g) Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost, less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its useful life, as follows:

Equipment, fixtures and fittings — 33.3% straight line method Vehicles — 33.3% straight line method

The de minimis capitalisation level is £500.

h) Fund accounting

Funds held by the charity are divided into unrestricted and restricted funds.

Restricted funds are used for purposes specified by the donor. Unrestricted funds are those which can be used in accordance with the charitable objects at the discretion of the trustees. Transfers from unrestricted funds are made where the restricted funds are in deficit and there is no likelihood of any recovery in future.

CONTINUED >

28 | THE BILLY GRAHAM EVANGELISTIC ASSOCIATION LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

FUND ACCOUNTING — CONTINUED

i) Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

j) Estimates and judgements

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.

In the period under review, the value of the Gift In Kind Donations made on behalf of the Graham Tour 2020 have been converted at the average exchange rate between the UK£ and US$. There is £646k of deposits for hotels and venues relating to the Tour included in prepayments which management are confident are all recoverable.

Management believe that, because of the underlying nature and value of estimates and judgements made in the preparation of these financial statements, it is highly unlikely that that an error in these estimates and judgements would lead to a material misstatement.

1a. GENERAL INFORMATION

The Billy Graham Evangelistic Association Limited (The Charity) is a company limited by guarantee incorporated in England and Wales. The Charities company registration number is 00567778. The address of its registered office and principal place of business is Victoria House, Victoria Road, Buckhurst Hill, Essex, IG9 5EX. The principal activity of the Charity is supporting the worldwide evangelistic activities of the Billy Graham Evangelistic Association (BGEA) as detailed on page 4 of the Trustees Report. The Charity meets the definition of a public benefit entity under FRS 102.

2. DONATIONS AND GIFTS

Donations
Legacies
Total		 2022
£
2021
£
224,723
223,738
54,437
219,916
279,160
443,654

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 29

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

3. GIFTS IN KIND

2022 2021
£ £
Costs paid by US Ofce to support the Graham Tour 1,211,486 906,654

4. GRANTS RECEIVED

During the year, the following grants were received:

CJRS
General Support
Internet Evangelism
Major Donor
Fundraising
Rapid Response
Team
Emergency
Response
Outreach in UK
Total		 Unrestricted
funds
£
7,656
56,371
-
-
-
-
-		 Restricted
funds
£
22,107
-
52,806
49,965
59,642
10,800
1,504,391		 2022
Total
£
29,763
56,371
52,806
49,965
59,642
10,800
1,504,391		 Unrestricted
funds
£
6,138
48,589
-
-
-
-
-		 Restricted
funds
£
243,205
-
61,886
68,592
63,357
-
638,165		 2021
Total
£
249,343
48,589
61,886
68,592
63,357
-
638,165
64,027 1,699,711 1,763,738 54,727 1,075,205 1,129,932

30 | THE BILLY GRAHAM EVANGELISTIC ASSOCIATION LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

5. OTHER INCOME

Book Sales, etc.
TOTAL		 2022
£
2021
£
8,432
1,491
8,432
1,491

6. INVESTMENT INCOME

Bank deposit interest
TOTAL		 2022
£
2021
£
57
16
57
16

7. EXPENDITURE

Staf
Project
Materials
Grants
Ofce Costs
Travel
Printing
Depreciation
Professional
Fees
Total		 Cost of
Raising
Voluntary
Income -
Restricted
Cost of
Raising
Voluntary
Income -
Unrestricted
Ministry
Costs -
Unrestricted
Ministry
Costs -
Restricted
2022
Total
£
2021
Restricted
£
2021
Unrestricted
£
2021
Total
£
56,451
87,539
103,519
699,589
947,098
157,642
1,153,143
1,310,785
27
3,427
10
1,463,507
1,466,971
(1,266)
1,055,597
1,054,331
-
-
-
13,450
13,450
-
3,600
3,600
6,824
1,095
13,352
97,824
119,095
16,753
86,141
102,894
1,867
1,104
270
65,003
68,244
50
5,889
5,939
-
-
619
76,484
77,103
1,104
4,000
5,104
6,593
-
491
3,226
10,310
721
17,234
17,955
3,197
47,312
9,281
50,526
110,316
61,200
27,549
88,749
74,959
140,477
127,542
2,469,609 2,812,587
236,204
2,353,153
2,589,357

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 31

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

This is stated after
charging:
Auditors’ remuneration
Audit fee
Other Services
Depreciation
8. NET INCOME
Staf costs have been allocated as shown below:
Salaries
Redundancy
Freelance contractors
Social security
Pension contributions
Total
9. STAFF COSTS		 2022
£
8,854
-
10,310		 2021
£
6,780
-
17,955
2022
£
2021
£
798,303
1,114,025
-
-
15,674
21,948
71,845
97,275
54,710
70,023
940,532
1,303,271

CONTINUED >

32 | THE BILLY GRAHAM EVANGELISTIC ASSOCIATION LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

STAFF COSTS — CONTINUED

The average number of employees during the period was as follows:

2022 2021
No. No.
Ofce and management 6 7
Graham Tour 2020 Staf 16 31

No trustee (2021: none) received remuneration for services in running the charity. No trustee received payments in respect of reimbursed expenses (2021: none).

No employee received emoluments over £60,000 (2021 – Nil) in the year.

During the year no employee received a redundancy payment, representing redundancy and payment in lieu of notice. There was no ex-gratia payments made.

Key management personnel are considered to be the Executive Director and the Finance Director. The aggregate amount of their employee benefits was £63,526 (2021 - £58,808). These amounts include Employers National Insurance contributions.

10. TAXATION

The company is a registered charity and is exempt from corporation tax on its charitable activities under Section 505 of the Income and Corporation Taxes Act 1988.

11. TRUSTEES AND RELATED PARTIES

Mr. J. Barrett, Mr. R. Chilvers, Mr. J. Gallagher, Rev. W. F. Graham, Mr. A. Lawrence, Mr. P. Saber, Mrs C. Lynch and Rev. W. F. Graham IV are directors of Samaritan’s Purse International Limited. Net charges during the period of £344,551 (2021 - £410,538) were made from Samaritan’s Purse International Limited to The Billy Graham Evangelistic Association Limited in relation to shared costs. At the year end The Billy Graham Evangelistic Association Limited has a balance of £8,644 (2021 - £Nil) due from Samaritan’s Purse International Limited.

CONTINUED >

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 33

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

TRUSTEES AND RELATED PARTIES — CONTINUED

As part of their contribution to the God Loves You Tour 2022, BGEA US incurred costs totalling £1,211,486 (2021 - £906,654) which have been included in these accounts as a gift in kind donation as disclosed in Note 3. This donation includes £111,578 (2021: £51,577) paid to one trustee in respect of training in relation to the Graham Tour 2020 and £45,473 (2021 £40,353) was paid to a member of close family of the same trustee in respect of managing a city office in relation to the Graham Tour 2020. In both cases, the figures represent the cost of services to the God Loves You Tour and includes all of the related business expenses such as travel and accommodation.

12. TANGIBLE FIXED ASSETS

COST
At 1stApril 2021
Additions
Disposals
At 31stMarch 2022
DEPRECIATION
At 1stApril 2021
Charge for the period
Released on Disposal
At 31stMarch 2022
NET BOOK VALUE
At 31stMarch 2022
At 31stMarch 2021		 Fixtures, fttings
and equipment
£
13,924
-
(2,109)

Motor Vehicles
£
52,030
-
-		 Total
£
65,954
-
(2,109)
11,815 52,030 63,845
6,787
3,717
(2,109)		 36,097
6,593
-		 42,884
10,310
(2,109)
8,395 42,690 51,085
3,420 9,340 12,760
7,137 15,933 23,070

All assets are held for charitable use.

34 | THE BILLY GRAHAM EVANGELISTIC ASSOCIATION LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

13. DEBTORS

Trade Debtors
Other Debtors
Other debtors and prepayments		 2022
£
2021
£
1
-
58,194
96,023
663,685
83,649
721,880
179,672

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Accruals
Other Taxes and Social Security		 2022
£
2021
£
17,951
14,671
137,453
10,535
16,348
12,292
171,752
37,498

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 35

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

15. RESTRICTED FUNDS

Emerging Evangelists
Rapid Response Teams
Internet Evangelism
My Hope
Major Donor Project
Celebrations and Festivals
Legal Defence Fund
Disaster Response		 Balance at
01.04.2021
Income
Expenditure
Transfer re:
other funds
Balance at
31.03.2022
£
£
£
£
£
-
222
650
428
-
31,225
85,884
74,161
-
42,948
12,034
59,297
56,686
-
14,645
1,736
903
2,013
-
626
-
49,965
74,959
24,994
-
136,306
2,775,016
2,324,857
-
586,465
1,554
-
442
-
1,112
63
10,815
10,800
-
78
182,918
2,982,102
2,544,568
25,422
645,874

Emerging Evangelists Fund contributes towards the costs residential training of evangelists in association with K180.

Rapid Response Teams provide spiritual and emotional care after disasters.

Internet Evangelism reaches people online who are searching for answers to faith questions, as well as providing online courses and coaches.

My Hope UK is the funding of a Gospel Outreach across the UK, including the films Second Chance, The Cross and Flying Blind.

Major Donor Project identifies and engages with individuals and trusts that could become on-going supporters of the ministries.

Celebrations and Festivals are large-scale evangelistic events.

Legal Defence Fund s contributes towards the cost of legal proceedings.

Disaster Response provides resources needed to respond to natural disasters or emergencies.

During the year, amounts totalling £25,422 (2021 - £51,580) were needed to make a number of projects financially viable. This amount was transferred from general funds.

36 | THE BILLY GRAHAM EVANGELISTIC ASSOCIATION LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible Fixed
Assets
Current assets
Creditors due
in less than
one year
Total		 Unrestricted
2022
£
Restricted
2022
£
Total
2022
£
Unrestricted
2021
£
Restricted
2021
£
Total
2021
£
10,349
2,411
12,760
17,485
5,585
23,070
296,771
790,303
1,087,074
311,259
180,965
492,224
(24,992)
(146,840)
(171,752)
(33,866)
(3,632)
(37,498)
282,208
645,874
928,082
294,878
182,918
477,796

17. ANALYSIS OF MOVEMENT IN FUNDS

Balance at 1stApril 2021
Income
Expenditure
Transfer between funds
Balance at 31stMarch 2022		 Unrestricted
£
Restricted
£
Total
£
294,878
182,918
477,796
280,771
2,982,102
3,262,873
(268,019)
(2,544,568)
(2,812,587)
(25,422)
25,422
-
282,208
645,874
928,082

18. FINANCIAL INSTRUMENTS

Financial assets measured at amortised cost
Financial assets consist of Trade Debtors and other debtors.
Financial liabilities measured at amortised cost
Financial liabilities consist of Trade Creditors and other creditors.		 2022
£
58,195		 2021
£
96,023
34,299 26,963

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 37

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

19. PENSION COSTS

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately in an independently administered fund. Contributions totalling £54,710 (2021: £70,023) were paid during the year. At the year-end £Nil was outstanding and included in creditors (2021: £nil)

38 | THE BILLY GRAHAM EVANGELISTIC ASSOCIATION LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

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Names in testimonials have been changed to protect privacy. 2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 39

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