Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D **Registered number: 2102612 Charity number: 296794** ## **EVANGELICALS NOW LIMITED** **(A company limited by guarantee)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2025** Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the company, its Trustees and advisers**|1| |**Trustees' report**|2 - 5| |**Independent examiner's report**|6| |**Statement of financial activities**|7| |**Balance sheet**|8 - 9| |**Notes to the financial statements**|10 - 23| Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED (A company limited by guarantee)** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025** ## **Trustees** Dr J. Morris, Chair Mr. T. R. Thornborough Rt. Rev. W. P. Benn (resigned 23 October 2024) Rev. Dr. M. E. Burkill (resigned 23 October 2024) Mr C. J. Knightly Mr B. P. Virgo Dr I. H. Taylor (appointed 23 October 2024) Mrs. C. B. Martin (appointed 23 October 2024) ## **Company registered number** 2102612 ## **Charity registered number** 296794 ## **Registered office** 14 Silverleigh Road Thornton Heath Surrey CR7 6DU ## **Accountants** Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS ## **Bankers** The Co-operative Bank p.l.c Business Direct Kings Valley Yew Street Stockport Cheshire SK4 2JU Page 1 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED (A company limited by guarantee)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025** The Trustees present their annual report together with the financial statements of the Evangelicals Now Limited for the year 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. ## **Objectives and activities** ## **a. Policies and objectives** The Objects of the Charity are to advance the Evangelical Christian Faith in accordance with the Statement of Faith, for the public benefit. The charity benefits both its regular readers, Christians seeking to improve how they put the Evangelical Christian faith into practice, and those within the wider community as Christians are encouraged to love their neighbours. ## **Achievements and performance** ## **a. Key performance indicators** The year of the pandemic, 2020-2021, and the following three years Evangelicals Now reported year-end deficits mostly due to covid and subsequent disruption. The directors are therefore pleased to report that in 2024-2025 the business returned a healthy profit and that the principal objectives of the business plan were achieved. Consumption of print media continues to decline nationally as readers transition to digital platforms, however the decline in Evangelicals Now’s print subscriptions was relatively small while online subscriptions have continued to rise steadily. The business has particularly benefited from a completely revamped website launched in August 2024 providing additional content between issues. Meanwhile, the papers’ social media interaction continued to expand providing more opportunities for potential subscribers to sample the paper’s content. Page 2 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED (A company limited by guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ## **Achievements and performance (continued)** ## **b. Review of activities** Throughout the period, the charity has met its objectives by reporting news from the UK and around the world which brings attention to situations of need and gently prompts people to prayer, charitable giving and involvement. Over the past twelve months, the charity has also continued to publish a wide range of articles to encourage, inform and equip the readers of Evangelicals Now. Articles have looked at, among many other things: remembering the cost of being a Christian in Cambodia 50 years ago under the Khmer Rouge; the spiritual discipline of being masters of our diaries; the dangers of a comfortable life and how martyrdom should challenge us today; understanding the nature of the Trinity; what it means that we are made in the image of God; is sinful desire itself a sin – a debate on the nature of sin; examining whether creation care is a gospel issue or not; if you could pray for one thing, what would it be? The charity also publishes a number of regular columns in the periodical. These include: reviews of Christian digital media, children’s books and music resources, columns for parents and those involved with youthwork, a look back at some key figures in church history and what we can learn from them. For those with an interest in the world of secular arts and media, the paper runs a column that reviews films, TV shows, and music from a Christian perspective. Others columns cover practical help to readers who seek to share the good news of Jesus Christ; Biblical counselling that highlights difficult pastoral situations and what can be done to help; and a column that highlights the evidence for the Christian faith. There are also columns that help evangelicals engage with Roman Catholics and how to share the gospel with Jewish people and Muslims and a column that analyses current political thinking from a Christian perspective. The newspaper is made available in hard copy through bookshops, churches and by individual subscription as well as through some Christian conferences. The cover price for the printed copy is kept to a minimum and, during the year to 31 March 2025, was £2 per monthly issue. The online version was available free of charge to subscribers to the printed newspaper and could be subscribed to directly for the reduced price of £16 per year. ## **Financial review** ## **a. Going concern** Investment in technology and human resources increased expenditure by 21% compared to the previous year. However, this was more than offset by a 46% growth in turnover. Income from subscriptions grew by 22%, despite the cover price increasing by a third, and advertising revenue grew by 29%. Most gratifying was the 300% increase in donation income. The charity’s fundraising activities has been modest historically and the strong performance during the reporting year has encouraged trustees to engage more actively in fundraising in the coming years, particularly in 2026, Evangelicals Now’s 40th anniversary year. ## **b. Reserves policy** The directors’ reserves policy states that unrestricted funds held by the charity which are not committed or invested in tangible fixed assets (known as 'free reserves') should be valued at the cost of at least 2 months of resources expended. At this level the directors feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. Free reserves now represent 4.9 months of resources expended. Page 3 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D **EVANGELICALS NOW LIMITED (A company limited by guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ## **c. Plans for future periods** Evangelicals Now plans to continue to advance the Evangelical Christian faith publishing news to Christians from around the world, promoting biblical truth and encouraging Christians to put their faith into practice to the benefit of their neighbours and society as a whole. This will be achieved through insightful journalism and thoughtful commentary and with a focus on providing content across key platforms which suit ever-evolving consumption of media. The Directors are confident they have the reserves to invest in the developments required for this. ## **Structure, governance and management** ## **a. Constitution** Evangelicals Now Limited is established as a company limited by guarantee with around 50 members who have each guaranteed £1 while remaining in membership and for one year thereafter. The affairs of the company are governed by its memorandum and articles of association. The company is also registered as a charity with the Charity Commission. ## **b. Methods of appointment or election of Trustees** A new trustee must be either recommended by the board or proposed by a member in writing to the Company Secretary at least 4 weeks prior to the AGM. The Board then need to give written notice to all the members 3 weeks prior to the AGM of the people proposed. Their appointment to the board is then ratified by the members at the AGM. The members also have the power to vote to alter the number of trustees and the rotation rate. ## **c. Organisational structure and decision-making policies** Previously, the trustees met once or twice a year but they recognise the need to meet more regularly and now plan to meet five times in addition to the AGM. Trustees rotate 3 per year. A retiring trustee is eligible for reelection and will be re-elected unless they decide they do not wish to be or board agrees not to. By extraordinary resolution a trustee can be removed before he comes up for rotation and the board can appoint a new one in his place for the remaining time that the outgoing trustee had to serve. Page 4 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D **EVANGELICALS NOW LIMITED (A company limited by guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ## **Statement of Trustees' responsibilities** The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgements and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: ................................................ **Dr J. Morris** (Chair of Trustees) Date: 22 October 2025 Page 5 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D **EVANGELICALS NOW LIMITED (A company limited by guarantee)** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025** ## **Independent examiner's report to the Trustees of Evangelicals Now Limited ('the company')** I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the company'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 company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 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. This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. Signed: Dated: 28/10/2025 Richard Hill FCA **Griffin Stone Moscrop & Co** Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS Page 6 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025** |**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Charitable activities
6
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**35,278**
**233,596**
**545**
**269,419**
**249,068**
**249,068**
**20,351**
**181,669**
**202,020**|**Restricted**
**funds**
**2025**
**£**
**21,200**
**-**
**-**
**21,200**
**21,200**
**21,200**
**-**
**-**
**-**|**Total**
**funds**
**2025**
**£**
**56,478**
**233,596**
**545**
**290,619**
**270,268**
**270,268**
**20,351**
**181,669**
**202,020**|Total
funds
2024
£
14,161
184,837
390
199,388
223,333
223,333
(23,945)
205,614
181,669| |---|---|---|---|---| The notes on pages 10 to 23 form part of these financial statements. Page 7 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED (A company limited by guarantee) REGISTERED NUMBER: 2102612** ## **BALANCE SHEET AS AT 31 MARCH 2025** |**Note**
**Fixed assets**
Intangible assets
11
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**
Creditors: amounts falling due after more
than one year
15
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Unrestricted funds
17
**Total funds**|**2025**
**£**
**21,042**
**147,397**
**168,439**
**(58,069)**|**2025**
**£**
**6,067**
**88,214**
**94,281**
**110,370**
**204,651**
**(2,631)**
**202,020**
**202,020**
**202,020**
**202,020**|2024
£
24,126
113,599
137,725
(41,137)|2024
£
-
87,283
87,283
96,588
183,871
(2,202)
181,669
181,669
181,669
181,669| |---|---|---|---|---| Page 8 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025** The company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ................................................ **Dr J. Morris** (Chair of Trustees) Date: 22 October 2025 The notes on pages 10 to 23 form part of these financial statements. Page 9 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D **EVANGELICALS NOW LIMITED (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. General information** Evangelicals Now Limited is a charitable company limited by guarantee without share capital, incorporated in the United Kingdom and registered in England and Wales, registered number 2102612. The address of its principal office is 14 Silverleigh Road, Thornton Heath, Surrey, CR7 6DU. The financial statements are prepared in sterling, which is the presentation currency of the charitable company, and are rounded to the nearest £1. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Evangelicals Now Limited 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. ## **2.2 Company status** The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. ## **2.3 Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the next twelve months. For this reason they continue to adopt the going concern basis in preparing the financial statements. ## **2.4 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 10 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D # **EVANGELICALS NOW LIMITED (A company limited by guarantee)** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **2. Accounting policies (continued)** ## **2.5 Income** All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Subscription and advertising revenue is in respect of a monthly publication and is credited to the accounts in accordance with the date of the publication. Subscription and advertising revenue relating to periods after the balance date is treated as deferred income and is included in creditors. Other incoming resources are credited to the accounts when received. ## **2.6 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Support costs are those costs incurred in support of the direct expenditure on the objects of the company. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs. ## **2.7 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank. ## **2.8 Intangible assets and amortisation** Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life. Amortisation is provided on the following basis: Website - 33 % per annum straight line basis ## **2.9 Tangible fixed assets and depreciation** Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Page 11 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D # **EVANGELICALS NOW LIMITED (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **2. Accounting policies (continued)** ## **2.9 Tangible fixed assets and depreciation (continued)** Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . Depreciation is provided on the following basis: Fixtures and fittings - 25% reducing balance basis The company owns a freehold property which is not depreciated as the residual value of the freehold property, and in particular the land, would mean that any depreciation charge arising on the cost of the property would be highly immaterial. ## **2.10 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.11 Cash at bank and in hand** Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.12 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. ## **2.13 Financial instruments** The company 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. ## **2.14 Pensions** The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. Page 12 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **3. Income from donations and legacies** |**Unrestricted**
**funds**
**2025**
**Restricted**
**funds**
**2025**
**£**
**£**
Donations
35,278
21,200
Unrestricted
funds
2024
Restricted
funds
2024
£
£
Donations
161
14,000
**4.**
**Charitable activities**
**Charity trading income**
**Unrestricted**
**funds**
**2025**
**£**
Subscriptions
99,500
Advertising revenue
134,096
233,596
Unrestricted
funds
2024
£
Subscriptions
81,286
Advertising revenue
103,551
184,837|**Total**
**funds**
**2025**
**£**
**56,478**| |---|---| ||Total
funds
2024
£
14,161| ||**Total**
**funds**
**2025**
**£**
**99,500**
**134,096**| ||**233,596**| ||Total
funds
2024
£
81,286
103,551| ||184,837| Page 13 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **5. Investment income** |**Unrestricted**
**funds**
**2025**
**£**
Investment income
545
Unrestricted
funds
2024
£
Investment income
390|**Total**
**funds**
**2025**
**£**
**545**| |---|---| ||Total
funds
2024
£
390| ## **6. Analysis of expenditure on charitable activities** ## **Summary by fund type** |**Unrestricted**
**funds**
**2025**
**£**
Production of a Christian periodical
249,068
Unrestricted
funds
2024
£
Production of a Christian periodical
209,333|**Restricted**
**funds**
**2025**
**£**
21,200
Restricted
funds
2024
£
14,000|**Total**
**2025**
**£**
**270,268**| |---|---|---| |||Total
2024
£
223,333| Page 14 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **7. Analysis of expenditure by activities** |Production of a Christian periodical
Production of a Christian periodical
**Analysis of direct costs**
Staff costs
Printing
Distribution and Carriage Expenses
Charitable and Political Donations
Sundry Production Costs
Website Costs
Contributors Fees|**Activities**
**undertaken**
**directly**
**2025**
**£**
157,728
Activities
undertaken
directly
2024
£
146,573|**Support**
**costs**
**2025**
**£**
112,540
Support
costs
2024
£
76,760
**Total**
**funds**
**2025**
**£**
**80,836**
**24,356**
**36,346**
**100**
**15,082**
**480**
**528**
**157,728**|**Total**
**funds**
**2025**
**£**
**270,268**| |---|---|---|---| ||||Total
funds
2024
£
223,333| ||||Total
funds
2024
£
71,434
23,508
35,934
50
15,167
420
60| ||||146,573| Page 15 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **7. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Staff costs
Advertising & Marketing
Travel
Heat, Light, Council Tax, Water and Insurance
Stationary, Postage, Telephone and Fax
Bank Charges
Computer Expenses
Sundry Expenses
Bad Debts
Consulting
Depreciation Expense
Governance costs
**8.**
**Independent examiner's remuneration**
Preparation and independent examination of statutory accounts
**9.**
**Staff costs**
Salaries (excluding editor) and pension costs
Social security costs
Salary costs for editor|**Total**
**funds**
**2025**
**£**
**60,097**
**2,672**
**246**
**4,085**
**6,098**
**5,410**
**5,259**
**1,714**
**-**
**16,135**
**3,378**
**7,446**
**112,540**
**2025**
**£**
**2,905**
**2025**
**£**
**114,558**
**5,637**
**20,738**
**140,933**|Total
funds
2024
£
51,913
2,238
-
2,574
6,662
5,181
3,557
521
24
-
116
3,974| |---|---|---| |||76,760| |||2024
£
2,474| |||2024
£
99,536
4,291
19,520| |||| |||123,347| Page 16 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **9. Staff costs (continued)** The average number of persons employed by the company during the year was as follows: |**2025**|2024| |---|---| |**No.**|No.| |**6**|5| No employee received remuneration amounting to more than £60,000 in either year. The Managing Editor and the charity's administrator are considered the key management personnel of the charity. The total remuneration in this category amounted to £73,577 (2024 - £69,716). ## **10. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, trustee meeting expenses totalling £107 were reimbursed to 1 Trustee (2024 - £91 were reimbursed to 2 trustees). ## **11. Intangible assets** |**Cost**
Additions
At 31 March 2025
**Amortisation**
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024|**Website**
**£**
**9,100**| |---|---| ||**9,100**| ||**3,033**| ||**3,033**| ||**6,067**| ||-| Page 17 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **12. Tangible fixed assets** |**Cost**
At 1 April 2024
Additions
Disposals
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
On disposals
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**13.**
**Debtors**
**Due within one year**
Trade debtors
Other debtors
Prepayments|**Freehold**
**property**
**£**
**87,180**
**-**
**-**
**87,180**
**-**
**-**
**-**
**-**
**87,180**
87,180|**Fixtures and**
**fittings**
**£**
**69,580**
**1,276**
**(28,513)**
**42,343**
**69,477**
**345**
**(28,513)**
**41,309**
**1,034**
103
**2025**
**£**
**13,863**
**512**
**6,667**
**21,042**|**Total**
**£**
**156,760**
**1,276**
**(28,513)**
**129,523**
**69,477**
**345**
**(28,513)**
**41,309**
**88,214**
87,283
2024
£
21,387
139
2,600
24,126| |---|---|---|---| ||||| ||||| ||||| ||||| ||||| ||||| Page 18 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **14. Creditors: Amounts falling due within one year** |Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April
Resources deferred during the year
Amounts released from previous periods
**Deferred income at 31 March**|**2025**
**£**
**2,765**
**8,608**
**46,696**
**58,069**
**2025**
**£**
**36,638**
**44,095**
**(34,436)**
**46,297**|2024
£
2,730
908
37,499| |---|---|---| |||| |||41,137| |||2024
£
37,175
34,611
(35,148)| |||| |||36,638| ## **15. Creditors: Amounts falling due after more than one year** |Deferred income
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure|**2025**
**£**
**2,631**
**2025**
**£**
**147,397**|2024
£
2,202| |---|---|---| |||2024
£
113,599| ## **16. Financial instruments** Financial assets measured at fair value through income and expenditure are comprised of cash in bank and at hand. Page 19 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **17. Statement of funds** ## **Statement of funds - current year** |**Designated funds**
Freehold property designated fund
**General funds**
General Funds
**Total Unrestricted funds**
**Restricted funds**
Funded staff costs
**Total of funds**|**Balance at 1**
**April 2024**
**£**
**87,180**
**94,489**
**181,669**
**-**
**181,669**|**Income**
**£**
**-**
**269,419**
**269,419**
**21,200**
**290,619**|**Expenditure**
**£**
**-**
**(249,068)**
**(249,068)**
**(21,200)**
**(270,268)**|**Balance at**
**31 March**
**2025**
**£**
**87,180**| |---|---|---|---|---| |||||**114,840**| |||||**202,020**| |||||**-**| |||||**202,020**| Page 20 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** |**17.**
**Statement of funds (continued)**
**Statement of funds - prior year**
**Designated funds**
Freehold property designated fund
**General funds**
General Funds
**Total Unrestricted funds**
**Restricted funds**
Funded staff costs
**Total of funds**
**18.**
**Summary of funds**
**Summary of funds - current year**
Designated funds
General funds
Restricted funds|Balance at
1 April 2023
£
87,180
118,434
205,614
-
205,614
**Balance at 1**
**April 2024**
**£**
**87,180**
**94,489**
**-**
**181,669**|Income
£
-
185,388
185,388
14,000
199,388
**Income**
**£**
**-**
**269,419**
**21,200**
**290,619**|Expenditure
£
-
(209,333)
(209,333)
(14,000)
(223,333)
**Expenditure**
**£**
**-**
**(249,068)**
**(21,200)**
**(270,268)**|Balance at
31 March
2024
£
87,180| |---|---|---|---|---| |||||94,489| |||||181,669| |||||-| |||||181,669| |||||**Balance at**
**31 March**
**2025**
**£**
**87,180**
**114,840**
**-**| |||||**202,020**| Page 21 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **18. Summary of funds (continued)** ## **Summary of funds - prior year** ||||||Balance at| |---|---|---|---|---|---| ||Balance at||||31 March| ||1 April|2023|Income|Expenditure|2024| |||£|£|£|£| |Designated funds|87,180||-|-|87,180| |General funds|118,434||185,388|(209,333)|94,489| |Restricted funds||-|14,000|(14,000)|-| ||205,614||199,388|(223,333)|181,669| |**Analysis of net assets between funds**|||||| |**Analysis of net assets between funds**|**- current year**||||| |||||**Unrestricted**|**Total**| |||||**funds**|**funds**| |||||**2025**|**2025**| |||||**£**|**£**| |Tangible fixed assets||||88,214|**88,214**| |Intangible fixed assets||||6,067|**6,067**| |Current assets||||168,439|**168,439**| |Creditors due within one year||||(58,069)|**(58,069)**| |Creditors due in more than one year||||(2,631)|**(2,631)**| |**Total**||||202,020|**202,020**| |**Analysis of net assets between funds**|**- prior year**||||| |||||Unrestricted|Total| |||||funds|funds| |||||2024|2024| |||||£|£| |Tangible fixed assets||||87,283|87,283| |Current assets||||137,725|137,725| |Creditors due within one year||||(41,137)|(41,137)| |Creditors due in more than one year||||(2,202)|(2,202)| |**Total**||||181,669|181,669| ## **19. Analysis of net assets between funds Analysis of net assets between funds - current year** Page 22 Docusign Envelope ID: 2AADFE7C-9F6F-4996-AAE5-27CF7F60AE3D ## **EVANGELICALS NOW LIMITED (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **20. Pension commitments** The charity operates a defined contribution pension scheme. The charity pays 10% of gross salary into the personal pension plans of qualifying members of staff. The pension cost charge represents contributions payable by the company to the fund and amounted to £11,446 (2024 - £9,187). Included in other creditors at the year end is an amount of £1,045 (2024 - £888) of outstanding pension contributions due. ## **21. Post balance sheet events** Having obtained the requisite report prior to selling to satisfy the Charity Commission, 14 Silverleigh Rd was placed on the market through a well known local estate agent in August 2025. There has been a good deal of interest, but as we are in no hurry to sell, and as there is clearly demand for this sort of building, the trustees are now seeking to optimise its value by spending a fairly small sum to strip out the ancient partitioning and undertake some cosmetic works to the property before placing it back on the market this autumn. We expect the level of future offers to be somewhat higher than before. Page 23