EVERY NATION MINISTRIES BELFAST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 Unrestficted Funds 223 Restricted Funds 2023 Total Funds 2023 Total Fun(ts 2022 Note INCOME AND ENDOWMENTS FROM: Donats"orts and legacies CharItae activities.. Fees to attend Israd stutty tour 70,901 2.314 153.215 143,365 14.650 Totsl income 70.901 82,314 153.215 158.015 EXPENDITURE ON: Charitable activities 55.350 84.818 140.167 158,051 Totsl expenditure 55.350 84,818 140,167 158,051 Net incomel(expenditure) 15.552 (2.503) 13.048 (37) Transfers betsveen funds (10.597) 10,597 Net movement in funds 4,955 8.092 13.048 {371 Reconciliation of funds.. Total funts brought fowdrd (2.472) 4,490 4,527 Total funds carried fonvard 2.482 15,056 17,538 4,490 The statement of ffinancaal acb'vities indudes all gair6 and losses recognised in the year. AJI inc4me and exFenditure derive from continuing OFErations. The statement of financial actlyeS also complies wih tr* requirements for an income and expenditure account required by the Companies A£t 20(. The notes on pages 8 to13 form part of these acLx)unts.
EVERY NATION MINISTRIES BELFAST BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2023 Nots Unrestricted Funts Restrcted Funds Totsl funds 2023 Total funds 2022 CURRENT ASSETS Debtors Cash at bank 4,252 4,252 731 35.507 6.760 35.507 42,267 7.508 CURRENT LIABILITIES Creditors falling due wrthin one year 4.278 20.451 24.729 3,018 NET ASSETS AND NET CURRENT ASSETS 15.056 17.538 4.490 FUND BALANCES Unrestricted funds Reslricted Fund5 2.482 2,482 15,056 17,538 {2.472) 6,962 4,490 15.056 15,056 2.482 The charitable company is entitled to exemption from audit under Section 477 of the Co*anieS Act 2006 foi the year ended 31 October 2023. The rnembers have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in a¢¢ordan¢e with Section 476 of the Companies Act 201A however. in accordance with Section 145 of the Charities Act 2011. the accounts have been examined by an independent examiner and their report has been included in these financial statements. The directors {who are the charitable cowpanys Irustees for the PUTP05es of Charity law) a¢knowledge their responsibileS for. (a) ensuring that the Charitable company keeps xcounting records which comply with Se¢tions 386 and 387 of the Companies Act 2006 and Ib) preparing financial statementswhich give a true and fair view ofthe state of affairs of Ihe charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise coryly with the requiTements of the Companies Act 2006 relating to financtal statements. $0 far as applicable to the charitsble company. The financial statements have been prepared in accordance with the provi&ons of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the Board of Directors and were signed on 115 behalf by: ¥ILiryPerry I I kY.2024 GMT•i) Jul 11, 2024 Hilary Pery Company number. N1627387 Charity number. NIC101804 The notes on pages 8 to13 f¢)rn) part of these accounts.
EVERY NATION MINISTIOES BELFAST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Slalutory Inf0mtiOn The charrty. is a charitable ts)mpany limited by guarnntee and ts irK¥Jrporated in Ihe United lfjngdom. The compans registered number and registered offKe address be on the Company Infofmation page. Accounting Policles The accounts have been prepared urKler the histortc cost Convent. n accordance with the Statement of Recommended PraclTce." P£counting and Reporting by Charith"es prepar1j their aczounts in accordance wrih Ihe Financial Reporting Standard applicable in UK and Republrc of Ireland (FRS 11f2): and with the Finan(yal Reporting Standard applicable in the United Kingdom and Republic ol IrelaThl (FRS 102>. The trustees are the. charitable )mPan$ for the purposes of c4mpany taw) Fve assessed wllether the use of the going concem bass is appropriate and have o)ngdered possible events or c¥JNJilions that might cast Significant doubl on the ability of charity to continue as a goir#J Cor¢M. The trustees have made this assessment for a period of at least one year from the dale of approval of the financkil statements. In particular the trustees have considered the charitys forecasts and projections and the possble implicatiorts projected income and l or expenditure vary unexpectedly. The Irustees have crjncluded that there is a aSonab eypeclatson that the charrty has adequate resources to continue Its operate for the foreseeab future. The dHrity trrefore continues to adopt the going conLm basis in preparing ils firn¢la1 statemeTts. The Intstees note Ihal. though the charit$ free reserves {defined as beirs unrestricted cash) have increased over tr course of the yeai. they are still lower than the tnKtees Dutd like them be. The trustees are continuing lo tske steps to try to increase income and control expenditure ard they eX[¢t free reserves to continue to improve over the cominy year. The trustees are corfKlent that, should it be requred. the charills supporters would provKle any additional funding that might be needed. The principles adopted in the PreParatn of the financial siatements are set out bek)w. Income includirwJ inveslment income is rec4)gnised in the peiiod in the ¢TrHrity becomes errtkni to re¢xipt. the amount receivable can be measured wrth reasonable certairty. aThl receipt is Probable. For the most part. income is generally reco9nised whon it is rec8iV8d. IrKome is only deferred wthen IP ¢harity has to fulfil eondittons before becoming entitled to it or where the donor has speofied that the irwme is to be expernjed in a fulure period. Inme from donatnS and legacies includes". i) Recovernble grft aid. This is recognised theTh the related dorration s received. Gift aid that has not been re¢overed by the balance sheet date is irKiuded as a debtor. ii) Goods donated for dtstribution lo befiCialeS are re(tynised as income when receivable at fair value (being an estimate of the amount it woukl cost lo purthase ttrK>se items). Any donated 9oods thal have rKt been dtslribuied by the end of the ygar are irKiuded as stwk The Gharity relied signrfr¢antty uFn w)lunteers in caryirwJ out its artwilies during the year. In ac(¥)rdance with the SORP, the value of these seryices has not been irKluded in i&we finarrial ststements as they cannot be reliably measured. Income from charilable actiwties represents irmme recetvable from goods. ser¥ice$ aNI facilities supplied in fUrtherar of the charilys charilable objecls. 11 Irude$ irKome fmm udy tows lo Israel organised by the ¢harity. Expenditure. including iThecover8ble VAT, B re¢ognLsed when tt is irrJJrred or. rf earlier. wtron a legal or constnKINe oblwation for a payment arises provtded tIHt it 1$ prfthble that settiemert will be required and the amaunl of the obligation n be measured reliably. Wtrpn expendilure on individual assets exGeeds £2,Sll * is capbtalised. To date no assets cosliry more than £2.SQJ have been purchased. The charity makes grants lo ottr¢r instituliorks arKI individuals to fijrther its Chairtable obje¢tNes. Grants payable are recognised as constructve oblvJalions arise, thich is generally wn ts charily expresses a commitment lo the recipient that can be measured reliably aThd then only to the exlent Ihal any (¥)ndtt¥)ns asxKiated wtlh the grant are outside of the c¥Jntrol of the charity. Unrestricted funds %thich are available for use at the dÉscretion of Ihe trLthes in fvrtheranGe of the general objectives of the charity. Restricted fijnds are donatiorts vhich are lo be used in accordance with Specif reStrtK)nS impt)sed by dornrs., tY indude donatsons received fmm appeals for speth aleS or projects. Leases which do rK>t traflsfer suwants'ally all the rtsks and reMrds of oWneIP to the charrty are classlfied as operating leases. OpeTrling lease paymenls are recogntsed as an expew on a straight4ifte over the lease term.
EVERY NATION MINISTRIES BELFAST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Accounling Polkles ¢onllnued The charity operntes defined conlribution pension sdmes for its employees. Obfigaltons for contributions to these sGhemes are recognised as an experise vtren the liabilrty anses. The assets of these schemes are held separately from those of the tharity in irdependently adminsstered funds. TaxatTon The company bs a registered charity,. it has taken advantage of the %prious reliets from taxalion avaitable to Gharbties and no tax ts payable Qn C[11S inwme. The company has taken advantage ol the exemplion promded by the FRS 1(r2 SORP arKI has nrA prepared a Cash Flow Slalemenl for the year. The charity¥ financial assets arKI financial liablilies all qualfy as basic knncial instrnerS. a5 defird by FRS102. Creditors and debtors 8Te measured at their eypected settlemert Val (rnmially amount of cash the charity expects to pay or receive>. Voluntary Income Unreskn'cted Funds Restricted Funds Total Total tbrrations Grants Gift aid recoverable 68,194 79.923 2.391 148.117 2.391 138.695 3.744 926 153215 Restrted donatn$ indudes donated goods vald at £XKI (2022: £XIJ}. being donations of groGeries, to. ryafts and dolhirrfj rKeived for onward di8tribution to ttrK>se that have a need. Chartiable expenditure Unrestricieil FuTS Restricted Funds Total Total Dlrnct Charftable Costs Pastoral Costs Venue Hire Gifts to speake Training and ministy development Other ministy expenses Music and olher equipment Campus and community outreath Local Mission 'Global Café, Israel study tour Missions team visit to Ukrair Grants payable Distribult¢n of donated g¢od$ Note 5 2,724 14,410 1,720 72,074 14.410 87,038 11.320 814 12,470 12.470 5,616 3.145 760 2.419 6.816 2.419 15.750 3.109 14,450 5.276 5.71JO 5,276 7.326 Support and admlTristration Govemance cosls Independent examinerfs fee for preparing and examining the accounts Other administrative expenses ulanCe 2.1LN) 4.411 718 2.1(YJ 4.411 718 2.400 3.130 Comblned chafftable acllvltycost In addition to the above fee for preparin9 and examiniry the accourts. Ihe vrds charged £650 (2022.. £755) by Stevrdrdship for payroll bureau and consullay services.
EVERY NATION MINISTFOES BELFAST NOTES TO THE AccouNrs FOR ThE YEAR ENDED 31 OCTOBER 2023 4¢ Grants ItitUtIor IrAIMduals 2023 Grants for UK ¢>versea$ mission Reltef of poverty 3,383 1,126 2817 comparatpies for tt prevKus al are as foltows: Irtstiluiions Individuals 2022 Grants for UK and overseas mission Relief of poverty 10.094 10.094 The charitls principal grants to insliknrtK>ns wmprised: 2023 Every Nation Ministries EurDpe Every Nation Church Temopil, Ukraine Centre Point chUh 4.594 Analysls ol ff costs and the cost ol key managemerfé personnel 2072 Gross wages & sakries Employets national Irtsltrar cos Employers pension c))ntribution5 Other staff costs 80,976 3.124 2.618 995 87 038 The average monthly nwnber of emplosws durirrfj tt &T was 2.212072.. 3). Most of the charl$ aci¥ities are Garried out by volunteers. No staff received salaries at a rate of MO than W.(KX> per anNm. [rirj the year key management reIVed employment benefits tolalling £67.156 (2022.. £66.944). No tNstees received employment benefts in eilher the cwrent or precedirvJ year. Deblorn and PPaYt5 2023 22 Gift aid recoverable Accrued irKome PrepaentS 1,067 3.185 731 731 Cash at Bank and In Hand 2022 Bank OpeiJ accounts Crndttors: Ilabllllle8 falllng due ¥rtlhln one yEar 2(r22 Other uedilots 2,178 2.1(Ll 918 2.100 Deferred I4)me Deferred Ireme represents fees rKeived durirvJ aT for a study tour ol Israel that was due to take place in 2024. Due lo recent events in Iwl charity h&$ had 19 $tPone the study aThJ. since the year erKI. charity has refunded most of these fees.
EVERY NATION MINISTIOES BELFAST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCT08ER 2023 Funds reslricied furth rnpresent amounts recer¥ed foT speth puose5 the movements in year arg as follows.. Opening Incoming OLrtgoing TTrnsfers Closing balance reurCeS in the year balance 20Z3 2023 23 2023 Missiory Support furNJ Local Mission'Global Café. B@n•volene@ fur Israel Study Tour fim Ukraine relief fund Children's fund Other funds 2.341 70,476 2.919 2.817 10.542 637 3.618 7.Of2 1.51X) The assels and liabilities represented by vaiious fvrKls are as follows: Unrestrled Fur8 Total 2023 Funds Debtors Cash at bank Credilors falling wAhin one year 4.252 2.508 78 4.252 28.015 35.507 In the previous Far the movements in rericled ffiJKls were as folknws: Opening IrKoming balarte resources X122 Othgoin9 resources Trnrtsfers in the year Closing balarKe 2022 Iss¢onary Support frJrKJ Campus Ministry fijnd Local Mission'Global Café. fiJrAI Benevolen furK Israel Study Tour fund Ukraine relief fiJrKI Other fijnds 2,301 74.431 74.391 2.341 120 4.241 1.157 15.79) 15.365 12,227 3,618 108582 In the previ04ts year the assets arKI liabillies represerted by the varKyJs There as follows: Unrestricted Furtts Restricted Funds Tolal Debtors Cash al bank Creditors falling due ilhin or year 731 {185) 731 472 The Mlsslonarysupport fiJTrJ vas created fr¢)m dr•nations re¢eNed to help support individuals WI for charity. The Campus Mlnlstryfvnd was created from donations received to help further the charity's work among studerts. The Lo¢al Mlssion 'Global Calé. fund supports refugee Community in Belfast th food suppls. The Benevolence fund was created from donations received lo help those sufferiro hardship. The Israel Study Tour fund represents fees arKI doftation5 received to 1p Ihss stlY tour. The Ukrdlne Rellel fund was created from donaliorts received lo help Ise affecled by the vrdr in Ukrdine. The Chlldren's fund was c¥eated from donatv)ns ieceived io help suprM)rt the drit5 ministry v+ith children. The Other fvnds created from small donalions red to help lurther a variety of other small projects. 10 Operating lease commitments The charity has an operating lease for ils offices. The minimum amount payabte {until nex1 break dause ) in respect of this lease is as folbs: PayThents falling due.. Within one year Duriry the year Ihe char*y was charyed £7.(NXIl20. £7.(K¥J) for rts opeRtirvJ lease.
EVERY NATION MINISTRIES BELFAST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 11 Trnnsactlons wlth lated parties During the year charity receNed dorAtior6 totalFir¥J £10.K24 (21r22". £7,725) from related parties (whh includes trtees, key management aNJ anyone dosely connecled lo them). No expenses (2022.. £nil) were paid lo. or for. Ifustees (except frx the reiMbuemert ofexpenses irKurred then a(ir¥J as agent for the charity). Except 85 disclosed in note 5'Analy6is of slaff co*.. thwe have been no other trnrw¢Aiorts with related parties during the yeai. 12 Members Each member Of company commrts to ntribe rfihe tharity is wound up an amryjrt of£10.
EVERY NATIOII IIIMSTPJES 8ELFAST OETAILEDSTATEIAENT OF FIIIANCIALACIMTIES WITHeOIIPARATIVES FOR THE YEAR ENDED 31 ToBER102) Totsl Funds Funts Fuf¥ INCOME AND ENDObYMENTS FROII rjonat05 and a¢ 70.1 314 153,215 143.3 Foes to attond Isrnd skndy tty 14, Total irthmè 70.gJ1 82,314 153,215 I.552 IS8.015 EXPENDITURE OP4 actMti•s 81.818 1¥J.167 51.819 1C6.2X 158.fL51 Total •xpw%*ttW• e4.818 140.167 51.819 1C6.233 Ng¢ lTr¢omgll•xp•ndllur•l 15.551 12.gJ41 13.¢)18 (2.) 137) Trangfèra ftsYlÈ 110.$9n 10.597 Net movementlnftsntt• (4.1) 4.214 1371 Totsl frjnds brought lor¥Rrd 12.4n) 2.748 4.527 Tokl fvnds carfed foThArd 15.L 17.$38 (2.112) 4,4 Pagp 73