EVERY NATION MINISTRIES BELFAST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Note INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities 78,073 1.883 99,193 177,266 1,883 153,215 Total income 79,956 99,193 179,149 153,215 EXPENDITURE ON: Charitable activities 59,123 104,025 163,148 140,168 Total expenditure 59.123 104,025 163,148 140,168 Net incomel(expenditure) 20,833 (4,832) 16,001 13,048 Transfers between funds {14,003) 14,003 Net movement in funds 6,830 9,171 16,001 13,048 Reconciliation of funds: Total funds brought forward 2,482 15,056 17,538 4,490 Total funds carried forward 9,312 24,227 33,539 17,538 The Statement of Financial Actiwties includes all gains and losses recc*Jnised in the year. All income and expenditure derive from conbnuing operab"ons. The statement of finanaal activities also complies the requirements for an income and expenditure account required by Ihe Companies Act 2(. The notes on pages 7 to 13 fomi part of these accounts. Page 5
EVERY NATION MINISTRIES BELFAST BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2024 Note Unrestricted Funds Restricted Funds Total funds 2024 Total fvnds 2023 CURRENT ASSETS Debtors Cash at bank 7.243 5,829 4,966 19,262 12,208 25,091 4,252 38,015 13,072 24.227 37,299 42,267 CURRENT LIABILITIES Creditors falling due wrthin one year 3.760 3,760 24,729 NET ASSETS AND NET CURRENT ASSETS 9.312 24.227 33,539 17,538 FUND BALANCES Unrestricted funds Restricted Funds 9.312 9,312 24,227 33,539 2,482 15,056 17,538 24,227 24.227 9.312 The charrtable company is enlitled to exempts'on from audit under Seclion 477 of the Companies Act 20CE for the year ended 31 October 2024. The members have not required the company to obtain an audit of tts finanaal ststements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 21)(IS however, in accordan wrth Section 65 of the of the Charities Act 2008 {Northern Irelandl, the accounts have been examined by an independent examiner and their report has been included in these finanaal statements. The directors (who are the charitable companvs Irustees for the purposes of charity law) acknowledge their responsibilities for.. lal ensuring that the charf(able company keeps accounting records which comply wf(h Sections 386 2nd 387 of the Companies Act 2006 and Ibl preparing finanaal statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordan with the requirements of Sections 394 and 395 and which otherwse comply with the requirements of the Companies Act 2006 relating to financial ststements, so far as applicable to the tharitable cornpany. The financial statements have been prepared in accordan with the provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial ststements were approved by the Board of Directors and were signed on r(s half by.. Jul 10, 2025 Hilary Perry Company number.. N1627387 Charity number: NIC101804 The notes on pages 7 to 13 fomi part of these accounts. Page 6
EVERY NAnON MINISTRIES BELFAST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Statutory Information The Charity is a charitable company limrted by guarantee aThJ is inctywrated in the United Kingdom. The company s registered nurnb&r and registered Offi address can be found on Ihe Company Informatson page. Accounting Policies Thes& finanaal staternents are prepared under Ihe histonral CSt crJnvenb"on_ They have been prepared in attord8nce wrth the "Ststement of RmMended Practi Attounting and RekK)rbng by charib.es prepanng their accounts in accordance th the Financial Reporbng Standard appliGgble In the UK and Reputlic of Irdand IFRS 1021 I'the Charities SORP'I, wth the Financial Reporting Standard apthicable in the United rJ0m and Rewbli¢ of Ireland I'FRS 102.1. w5th the Companies Act 2006 and with the Charities Act INorthem Irdandl 2008. The tharity meets the defin0 of 8 public benefit entity 85 58t out In FRS 102. The trustees Iwho are the charitsble companls directors tr the purposes of company lawl have assessed thether the use of the going concem basis is appropriate and have considered wssiLle events or cdItionS that rnigm cast signrfiLznt doubt on the ability of the charity to continue as a going conc£m. The trustees have made this assessment for a peri of at least one year trom the date of approval of the finantsal statements. In parbcular the trustees have considered the charity s forecasts and projections and the possible IM1GtIonS should projected incune and l or expenditure vary unexpectedly. The trustees have ThUed that the Is a >Sonable expectation that the Charity has adequate resources to continue to operate for the foreseeable future_ The charity Iherefore ntinUeS to adopt the going ncern basis in preparing its fIn8r181 statements. The trustees note that, though the chaws free serveS Idefined as being unStricted net current assetsl have increased over the cour58 of the year, they are still lower than Ihe trustee5 K)uld like Ihern to be. The trustees are mntinuing to take steps to try to in¢ase Income and control expenditure and they eypect f reserves to continue to improve over the coming year. The trustees are confident Ihat, should It be required. the charitys supporters would prowde any additional fvndirvJ that might be need. The prinuples adopted in the prep8ration of the finan81 staternents are set (xrt b. al Incorne Incorne including investment income is recognised in Ihe period In Ihe thanty becomes entided to receipt. the amount receivable can be measured s%ith asOnable certainty. and [lp1 is kyobable. For the most part. Income is generally recognised when it is rec£ived. InCrne is only deferred vthen the chanty has to fulfil cnditIOnS before becnrning entided to it or vthere the donor has spectfied that the income is to be exrended in a futu pencxy. Incorne from donations and legacjes includes". il Re(x)verable grft aid. This Is reD)gnised the reLgted donatK)n is recaved. Gift aid thal h8s not teen recovered by the balan sheet date is induded as a debtor. ill GcM)ds donated for distribution lo benefiaaries are reccJnised as irKome reCeiVae at fair value Ibeing an estirnate of the amount it )Uld c05t to purchase those iterns). Any donated gLKAs that have not been distributed by the end of the year are induded as stcKk. The charity has relied significanuy urKJn volunteers Tn Carrwng out its actiwb'es during the yeaT. In accordance wrth the SORP, the value of these setwce5 has not been induded In Ihese ffinanoal statetnents as they canTK)t be reliably measured. Incorne from tharitable acts"wties represents incoyne receivable from gLwJds. swwces and faalitS supplied in furtherance of the charitls charitable objects. 11 indudes ino)me from church events and activits'es. enditu.. Expenditure. induding irrecoverable VAT. is recogn it is incurred or. if earher. then a legal or constructive obligation for a payment arises prowded that tt is probable that setuernent ill required and the atnount of the obligation can be meaSUd reliably. When expenditure on Indiwdual assets exceeds £2.5CK) rt is capitalised. To date no assets c05fr.ng m(xe than £2,500 have been purchased. The chsrity tnakes grants to other insb"tutions and Indiwduals to further its chantable objective5. Grants p3yaUe are re¢ognised as constructive obligations arise. vknich is generally vknen the charity expresses a o)mmitsnent to the recipient that can be rneasured reliably and then only to the exlent that atry condib.ons assated 1th the grant are outside of the conlrd of the charity. Page 7
EVERY NAnON MINISTRIES BELFAST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Accounting Polici8s continued cl Funds.. Unresthcted funds which are available for use at the discreb.on of the lrnstees in furtherance of the general objective5 of th8 charity. Restricted funds a donations sthich a to be used in accordance v•th speofic $theOn$ imposed by donors, th8y include donations received from aplS for S[ acMties or prqects. dl Leased assets L8as85 which do not transfer substantially all the risks and rewards of 0erShip to the charity are dassified as orErating leases. Operating lease payments a recojnised as an expense on a straight4ine basis over the lease tem). el Pension costs. The charity operates defined contribubon pension schemes for its employees. Obligabons for contributions to these schemes are recogni5ed a5 an expense when the liabilrty arises. The assets of Ihese schernes are hdd separately frotn those of the charity in independently administered funds. Taxation The company is a registered Charity." it has taken advantage of the various rdiefs frcffi taxation avaiLqNe to charits'es and no tax is payable on the chantys Incorne. gl Cashflow statement The company has tak advantage of the exemption prOdj by the FRS 102 SORP and has not prepad a Cash Flow Statement for the year. h) Financial instruments The charitls financial assets and finanoal liabilitie5 an qualify as basic finanoal instrurnent5, as defined by FRS102. Credrtors and debtors are rneasur&Y at th&r expected sewement value Inormally the amount of cash that the charity expects to pay or e1ve). il CritirAI ac(x)untin estimates and areas of ud ement The trustees do not consider thal there are any rn8ten81 sources of esb"mation or uncrtainty al the balance sheet d8te th8t could result in a matenal adjustment to the carrwng values of assets and Ik2txlrties in the next [M)rtIng peri(Kl. Donations an(1 legacies Unrestncted Funds Restricted Funds Total 2024 Total 2023 Donations Grants Gift aid recoverable 72.422 88.033 11.160 160,455 11.160 5,650 177266 148,117 2,391 2,707 153215 5,650 99.193 Restricted donations Indudes tlonated gcx)ds Valu at £600 12023." £5001. b"ng L*)nab"ons of grow$. toys. crafts and clothing re¢1Ved for onwdrd distribution to Ihose that have a need. Page 8
EVERY NAnON MINISTRIES BELFAST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Charitsble expenditure Unreslrided Funds Re5tncted Funds Total 2024 Total 2023 Direct Charitsble Costs Pastoral $ts Venue Hire Gifts to speakers Training and Ministry development Other ministry expenses Music and other equipmenl Campus and MMunity outwd) Local Mission 'Global Café, Overseas mission team wsits Grants payable Distribution of donated goods N4)te 5 4,246 15.624 2,559 8.882 14.592 1.130 4.843 95,122 99,368 15.624 2,559 8.882 14,592 2.985 4,843 4.257 72,074 14,410 2,533 6,829 12,470 2,286 6,816 2,419 5,276 7,326 500 132939 1.855 4.257 Note 4c 1.3CIS 600 104025 3.646 600 158242 Support and administration Governance costs Independent examiner's fee for prepanng and examining the aCcntS Other administrative expenses Insurance 2.100 2.301 505 2,100 2.301 505 2,100 4,411 718 Combined Charitable activity Cost 104025 163 148 140 168 In addition to the aly)ve fee for pparing and examirning the aunts. the d)arrty was d)ar9j £873 12023". £6501 by Stewardship for payroll bureau and consullancy serwce Grants Institubons IndIdual5 2024 Grants for UK and ovet5eas mission Relief of wverty 2,340 1,3C The eomparatives forthe prewous year a as folknY&". Instiiub'ons Indiwduals 2023 Grants for UK and overseas mission Relief of poverty 3.383 1.126 2,817 4,508 2,817 7328 3.383 Th8 tharitvs principal granis to institutims cornpri58d". 2024 2023 Every Nation Ministnes Europe Every Nation Church Ternopil, Ukraine 2,340 1,626 1,757 3383 Page 9
EVERY NAnON MINISTRIES BELFAST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Anatysis of staff costs and the cost of key management personnel 2024 2023 Gross wages & salaries Employer's national insurance costs Etnployer'5 pension contribubons Other employment benefits 81,769 1.793 2,453 10.734 66,300 2.618 1,956 70 874 The average monthly numLEr of ernployees during the year 2.612023". 2.21. Most ol the chaws activthes are carned out by volunteers. No 5t8ff received salarie5 at a rate of rnore than £60:000 annum. During Ihe year key rnanagement r1Ved employment benefits lotalling £94.95612023.. £67.1561. No trustees r1ved employment benefits in ertherthe current or preIng year. Debtors and Prepayments 2024 2023 Gift aid recoverable Accrued income Prepayments 4.184 3,059 4.966 12208 1.067 3,185 Cash at Bank and in Hand 2024 2023 Bank operating accounts Creditors= liabilities falling due vrithin one year 2024 2023 Other C01t0r$ Accruals Deferred Income 1,660 2,100 2,178 2,100 20,451 The prwous yearfs deferred income rwesents fees received in the [Ou$ year for a stuty tour of Israel that was due to take place in 2024. Due to events that then unfrAded In Israel. the chanty had to postpone th8 Study tour and these fees tre funded. Funds The restricted funds represent arnounts received for spectfic purpjses and the rnovements in the year are a5 folkJw6". OFening balan 2024 InCll1ng resources Outgoing resources Tr8nsf8r5 in the year 2024 C105ing balan 2024 2024 2024 Missionary Support fvnd Local Mission 'Global Café, fund Israel Study Tour fund Ukraine lief fund Finland Mission fund Children's fund Other funds 9,777 651 637 2.455 79,686 11.760 355 95.122 4.857 14,545 8,886 7,554 450 2,455 2,104 1,500 1,278 15421 2,990 1.500 4.403 99.193 3161 104025 During the year £14.54512023. £10.5421 was transferTed frorn unrestricted funds tu the restricted MIs5ionary Suprort fund so that none of the indiwdual balan within this fiJnd In deffiot at the year end. Page10
EVERY NAnON MINISTRIES BELFAST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Funds continued The as58ts and liabilitie5 represent1 by the v8ri0us lunds 8re as follow5.' Unresthcted Funds Restrited Funds Total 2024 Debtors Cash at bank Creditors falling due within one year 7.243 5.829 13.760 9.312 12,208 25,091 13,760 33 539 19.262 In the previous y88r the mov&ments in restricted funds a5 ftAIovts'. Opening Inccffiing baLan res(¥Jrces 2023 Outgoing resource5 Transfers in the year Closing balan 2023 2023 2023 2023 Missionary Support fund Local Mission 'Global Café. fuThJ Benevdence fund Israel Study Tour fund Ukraine relief fund childrn,$ fund Other funds 2.341 534 469 67.369 3.036 2.294 637 5.869 1.500 1.610 82 314 70.476 2.919 2.817 10.542 9,777 651 637 2,455 1,500 3.618 7.032 1.573 84818 In the prewous year the assets and liats'lities presenty by the various fuThJs %%Ere as follows.. untm¢1ed Funds Restrthd Funds Tot81 2023 Debtors Cash at bank Creditors falling due within one year 4.252 2.508 4.278 4,252 38,015 24,729 17538 35.507 20,451 The Missionary Support fund was created from donations r1Ved to hdp suptM)rt individuals *Drk ts the tharity. The Local Mission'Global Café. fund 5UPPOrt5 Ihe refugee corntnunity in Belfast wth fwd and supplie5. The Benevolence fund was created from donations receiwj lo help those sttffenng hardship. The Israel Study Tour fund represents fees and donation5 r1ve to hdp fvnd this study tour. The Ukraine Relief furKJ was tyealed from donations received lo help those affe¢te¢l by the war in Ukraine. The Finland Mission fund was created frorn donabons received to hdp tneet the cost of a mission wsit to Finland. The Children's furKJ was created from donations received lo help support the charitys rninistry Imth children. The Other funds was created from STnall donations received to help furlher a wariety of other srnall projects, thich thi5 year induded donations for equipment and to suprx)rt grant makiw. 10 Operating lease commitments The charity has an operating lease fLY its offices. The tniniwnurn arnount payatAe luntil next break dause l in respect of this 8$e is as follows.. 2024 2023 Payrnents falling due". Within one year 817 583 During the year the charity was charged £9.63412023. £7.(KM)I for its oternting lease. Page11
EVERY NAnON MINISTRIES BELFAST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 11 Transaction5 Wlth related partie5 During the year the tharity received donations totalling £8.79312023". £10.8241 from related patties lbthich incjudes tru5tee5. key management and anyone dosely connected to them). No exnSe$l20?3.. £nill pakj to. or for. trustees (except for the reimbur5etnent of expenses incurred when actng as agent lor the charity). Ept as disdosed In note 5 'Analysis of staff o)sts'. Ihere have been no other transacbons related parties during the year. 12 Members Each rnemb8r of the company cornrnits to Cntrite if Ihe tharrty is Und up an arnnt of£10. Page 12
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