2024-12-31-accounts

REGISTERKD COMPANY NUMBER: 04781182 (EnOand #Ad Walu) REGISTERED CHARITY NUMBER: 1105659 TE Ashford ￿￿18 Chart¢rd Cert[fi￿ kncoulltants & Statutory Auditors 187 High Road Ixyton E15 2BY

TIONAL HIU F THE FINANCIAL STATEMENT Page Ref•rence and Admlntstrntlve Detalb Report of the Trulte 2 to 5 Roport of the Independent Audlto 6 to 9 Statsment of Fth•lletsl Aetlvltl io Balance Sheet li Ci•h Flow Statement 12 Notei to the CA•h Flow Statement 13 Not•• to the FIn￿¢1￿1 Statell￿nts 14 to 21 DetAlled Statement ormnant1￿ Aedvl 22 to 23

NCE RTHEY TIVE DET ECEMBE TRusfEES R¢v¢Tend R A8h Fire Safety Officer R¢v¢rcnd F O Chuku Construction Doctor S l Dima Okojie M¢diGal Doctor R¢v H Ed¢ko Teacher (resi￿1 3.4,25) Bishop D J Oniznisi Mech Engr REGISTERED OFFICE Unit Ilc, New H￿1ZOn B￿1n￿ C¢ntr¢ The Plnnaclc Harlow CM19 JPN REGISTERED COMPANY NUMBER 04781182 (England and Wale8) REGisfERED CHARITY NUMBER 1105659 AUDITORS Chartered Certifi¢d Accountants & Statutory Auditors 187 High Road Ltyon London E15 2BY Paxe I

ATI OF NDED 3 STEES ECEMBER HEYE Th¢ trustse8 vtho ar¢ al80 dircctor8 of th¢ cbaTity for th¢ putposcs of th¢ CompAnlc8 Act 2(K16. present their report with the fmancial 8tat¢ments of the charAty for the yeAr endcd 31 Deeember 2024. The tru8tee8 have adopted the provi8i0ti5 of Arcounting and Repoiting by Clwiues: Statement of RecoM￿ed Practt¢e opp]icabl¢ to Ghariti¢s p￿aring their a¢coiints in accordance with the Financial ReportXti8 Standard appIL￿ble in the UK And licpublic of Ircland (FRS 102) (efftctivc l JaDuary 2019). The t￿￿te¢S tho Collfin￿d that the report and financial tstemont of the ¢harity are in line with th¢ tenn8 of the Charlties alld Trustec Inv¢8lment (Scodand) 2(ffj5 and the Charities Accounts (Scotland) Regulations 2006. OBJECTIVLS AIYD AcfiviTIES Objettlvu And almi Th¢ ¢xprw purpose of the church 1$ the ￿Ing And teaching of its member8 and the advan¢ing of the Cbri8tian faith by mobili6in8 its m¢mber8 tQ 8¢rv¢ in every 8phcrv of th¢ Social Socioty. The Church 8tated vision is to See the Nations tra1wf￿ by the 810ry of God to a pla¢• where J¢M Chrxot 18 recogni5￿ as Lor& Thi6 18 a¢Gompli8hed by worknng tO8ether with other life-givlllg churches and charitie8 and by mobiligins pwl• with Godty eharncter gnd p￿ipleS to agr￿ in thp Jph¢ro of ittflu¢n￿ of swi¢ty namely: The chu educatio￿ gOvernm￿t, media, artB & ¢ntertaIn￿llt, bu8in¢8 sport and 80¢ial soci¢ty. The Chur¢h'5 principal objective8 al80 include ensuring promoting churcli a¢tivitie8 for 8ueb other pwposcy for th¢ benefit of Cornm￿1ty accordin8 to the law8 of Engl4nd and Wal¢s on one hand and S¢olland on the other IWMI 88 may from time to lime be deterniined. SJgnlll¢nt a¢tlvltl A¢h]even￿llts •nd Performlnc Since its incoption the chwth has 8Trn and CUTr•ndy compri8e8: - A registored nRmb¢rnh4) of over 5.800 living in ￿ndon. Harlow, K¢nl Shcffield, Plymouth, southampto￿ Cardjff. Belfast, GI￿g0w. Aberde¢n and Edinburgh and Wovkly Sund&y 8orYxce with an attenda￿¢ Of 650 and Above al the He&dquarter chw¢lL . Smtll¢r w followohipi duTin8 th¢ week - Univ¢r8ity Campu8 fellow8hip8 in e￿ht Universitie8 within England attd three Univer8itie8 in Scotlthnd outreth. - Dynami'¢ Jtr¢et outr¢Ach¢8 aim at w)turittg and T¢habilit&ting youth with troubI¢d background, - An utsblthed postoral core network through th¢ 8maIl group 8trncture8. - Training al￿ equippins the variouo age 8roup8 for miniatry work, Sm&ll 8roup$ l¢ador8hip 8kill dr￿lOpMent ¢las3e8. We take our food bank to a new diMe￿10n by or8anxBill8 onlin• re￿￿tratIOn and collection of food It¢￿ hclpin8 U8 to reach wider audience. - Maritsl and pre-marital coun8elling - Our youth pro8ranM hav¢ provided mentor8hip and Buld8￿c to a 8ub8tsntial number of young people. - Provxding carn to the poor And hAndi¢apped: Food mew ￿Y durin8 which VJ8ential iiem5 like clotheB and other fomu of apparel are hanthd to those in neol. Also provide quarterly free helllth check to the mmunity. - Prison and hospital miDisty to reach out and comfort people in confinement or Sick. - Two chuwhe8 planted in South London and Pl￿nOuth in 2021 are ￿0w1n8 speedily. - Extensive r¢novation of the church property pur¢ha8ed in 2016 was Completed in 2021. Had fixed air conditionin8 omplctc dry lining of all the walls. prnvision of eonvenienceg and d￿rAtiOnS plw instsllation of 13.pas8¢n8er lift to get peopl¢ to the worship hall. The renovation work ha8 added value to the property and a rough estimate now put the value of the prts￿rtY at over £2nL More facilitieA have been wlded to enh4nce a eonducive no8pher¢ of wor8hip. - N¢w branches in CardilF, wal￿ and in BelfaBt: Northern Irel8rf are grory. . Our ¢hurch bran¢he8 in Edinburgh and Aberde¢n Completed on the purchase of their church prop¢rties and are now 8ettled in the new location8. (a) Edinburgh Church address: NewbAtde Road, Dalkeith. midloth1A￿ Edillburgh EH22 3LH (b) Ab¢rdccn Churth addre88: 191 Victoria Road, Torry, Aberdeffj ABI19NB W¢ h&ve 8¢¢n a ¢oAglstent commitmEnt to worshlp. prayer, teachinB throughout tho yegr. W4okiy lorvi￿, Bible 8tudie4 and prayer 8mUP8 have rmined at the heart of our cbufch's a¢tlvitio fo8t¢rin8 spirilual among our m¢mb¢r& Paoe 2

REPORT OF THE USTEES THE YEAR ENDED 31 DECEMB Pubme benefft When planning our activities for th¢ year. thc Th18tces considered the Conllnission's gllida￿ on public ben¢fit and in P8rti¢ular. the specifi¢ guidance on chBTiti¢s for the adv8ncem¢nt of r¢ligio4 health al￿ w¢ll bein8 of society at lar8C. Grant maldng Salern Int¢rnational Chri8tign CeDttE d£￿ not 8ive 8raDts but accepts donatioll8 iti furth¢TAllC¢ of its aim obj¢ctives. Volunteen Salem Inter￿lon￿l Cbrl8tiaD Centre lrnin5 deploy8 ¢omrrity volunteer8 80me of have been servieo u8er8 gnd feel th¢ need to giv¢ back to their comm￿tieS by utili8in8 their Jived ¢XP¢ric￿¢8 to 8UPPOrt oth¢rnVoluntc¢r8 play ial role in supporting the mi88ion and activities of our Church. Their d¢dic4tioN time, And 8ki118 si8rrifi¢antly enh8w¢ our ability to d¢liver 8ervi¢¢8 a8 a ChU￿h. We Arc decply 8rat¢tW for thcir contribution8. Their commitm¢nt not only thn8thew our Charity but a180 fo8teTh a 8en8c of coiiununity and Jhared purpose. We ¢ontinuc to invest in volunteer training and cn8agem¢nt to eD8ure a rN&Yding cxperienc¢ for all involved. Rhk Man4¢ment The Tntstees hav¢ A rA8k management strategy, which compriK8: An amiual T¢ViWW of the ri8k8 the ¢h8rity may face. The establishment of 8Y8tsn￿ and procedures to mitigate those risks identified in the review. WMI the implementstion of proccdures de8i8ti*1 to minirth8e Any potentiAL impact on tho chArity 6hould th08• ri8ks nmterl￿l1¢. Th¢ TTh￿te¢s bav¢ a88eB8ed the ri8k8 to which thg ¢harity may be ¢Xp0B￿ with particular refe￿￿¢¢ to th08e relatill8 to the operntion& arml t]nan¢eB of the charity. Sy8ternB in place to ensure that all ri8k8 are recorded for subsequent rtionitOTing and review. In the meantsm4 the Trn8trts remain satisfied that all in8urable risks h&v¢ been identified and ad4uatoly dealt with that th¢ ¢horitiu expo8ur¢ to other risks is kept At i D)inimum by 8ood workiD8 practice And FINAI¥CIAL REVIEW FlnaD¢lAI poilthin Totsl income for the year endod 31 December 2024 waj £681.026 A8 ¢ompAr¢d to £711.672 in 2023. Total expen8¢V incwrndwitbin the 8Am¢ period wa8 £703,895 compared to £612.719 in 2023. The chur¢h li financidly 8tablc. The net aM¢ts in the balanrx sheet at the ycar 18 £471.444 compared to £494J13 In 2023. Thv Church purcba8od a property for thc branch in Aberd¢cn. The policy of the church 18 to m&intain unrestricted fimd8, thich are free r¢8¢1v￿ of the church, at a14)vel of unr¢8tri¢ted ¢xpenditurn. Thi8 will provide 6uffi¢ient fund8 to be available for 811 management and admlni8trlti￿ colts 08 well ¢DSUTill8 adequat¢ fimd8 continu¢ to bc available for th¢ church's 8ervi¢¢s Jnd reli8iou8 events. AII ww¢8trictcd fund5 of the church aTC held for its g¢nernl purpose. Thc trustee8 r¢vt¢w thc re8ervE policy of th¢ chttrity annuajty. Th¢ church I￿ p¢nnitted r¢8m to build up to th¢ necwity of allowing for future expansion and developrnfflL Coln¥ ¢•neern At the time of apprtivin8 the finawial 8tatemth, the tru8t¢e8 have areaBonable expectation that the ¢hur¢h ha8 Ad•quats resouw¢8 to Contin￿ in operational Cxistence for the fore4e¢abl¢ futur< a period of not les8 than 12 months from the date of approval of the8e financial 8tatements.Tho ¢hur¢h th¢T¢for¢ contiftues to adopt th¢ goin8 GollGern basis in preparing its financi￿ stateme Pate 3

ON TIAN T OF THE TRUSTEES DED 31 ECEMBER 2 THE FUTURE PLANS Plan5 for the Coming year includc.. (i) to liaise with Harlow Council Connnunity to actively ¢ng48e in rehabilitsting peiyle hooked on dan8erou8 and lifr thrcfdtenin8 substances like drug5 ¢tc. (ii) to plattt mor¢ church branckn in th¢ MidIolld to di8¢iplc youths and h¢lp th¢m to chann¢l their cnugie8 products'vety And to exp8nd our Children facilities to cater for more children e8p¢¢ially those with special needs. (iii) to Strengthen our Outreach t¢8m for ll￿re vi8its to the hospit418 and pri80n8 to pray. ¢oun8el and provide emotional 8UPPOrt to pati¢nts And itinutei. (iv) the Chatity has the intention of opening a branch in Birminghllm and a180 acqulre a now hall a hau for th• ¢hildren in the Harlow bra￿1￿ STRUCTUR4 GOVERNANCE AND MAY4AGEMENT Covèrnlng document The charity 18 ¢ontrolled by its govw do0um￿ a d¢￿ of Én￿[ and ¢on8titut¢a a limited ¢ompally. limlted by 811Arantee. ao d¢fi)xd by the Corapani08 Act 2006. Salem Illt¢rnati￿ Chriltian Cvntre wo8 in¢o￿Orated ￿ 4 ¢omp&uy Jimited by guarants4 with ro8iolrntion nun 04781182 on 29th May 2003, re8i8tered with the Charity Conllni8&ion on 27 Augu8t 2004 (Re8iitration ttumbor. 1105659) and wa8 merged in April 2010 with Foundation Faith Church an oidor Clwity repstDr¢d in December 21XIl. The liobility of the Comp4ny mcmber8 in tho ovffltt of the ¢hArity being woulld up 18 limitsd to a Bum not ¢x¢eeding Ten Pounds (£10). Salun Intmiational Christian Cmtre 18 al80 regi8t+2red with the Office of the 8￿ttl￿ Cbffity Regulator under regi8tr4tion number SC042715. The eompany wa8 e¥tabli8hed under a M¢morandum and Artic108 of A8sociation Twhich e8tabli8hed tho objects aod power8 of the charitable company and ig governed under its Arti¢1•8 of As8ociation. Salem International Christian Centre 18 8 fAmily of ci)urche8 with Ministry locats'on8 in England Wale8, Northern I81￿d. Scotland. USA {Hou6ton) and m8ny citieB in Ni8eria and Ghona. Salern International Christian Ccntre 18 & P¢ntec08ts1 a88embty and 18 a member of TrftN Atlantic Pacific Allian¢¢ of chu￿h¢S (TAPAC) which is a member of the chur¢h¢8 together An BritAin and Ireland. H¢r a¢tivitie8 are dire¢tsd and CO￿rdinated from th¢ Europe headquartc locatsd at: Unit I IC. New Horizon Bu8ine81 Centr¢, The Pinnacles, Borrovn R04(L Harlow CM19 5FN. Truitee• and M￿gell￿nt The directors aro 4180 Tn￿te¢S for purpo* of Charity Iaw. who serv¢d durin8 the year and up ts> date of thi8 report 8et are.. Bi8hop David Onimi8i- Chairnw) R¢verend Sylvester Dinu-oknjie Jiever¢nd Henry Edeko (re8i8ned 03104r2025) Reverend Ralph Ash Reverend Fynecountry aiuku Key mAnag¢n￿￿t Pern)nn•l Founderl Genero1 Over8eer: . Arehbi8hop Sam Am4a Europe Continental Bxghop: _ Bi8hop D&vid OnimiBi Administrator: . Rev. Dana Akeredolu A¢¢ounts Personnel.. . Pastor Julia MaI￿lm Resident Pa8tor8.' _ Rév Sylvester Dima-Okoji¢ Rev Oriola Olapade PAge 4

OF THE TRU Th¢ dirnctor4 in litic with provi8ton iti th¢ company ArtiGIN of Association, el¢ct trust¢￿ and tbcy mcet a8 requi togeth￿ with members of the manax to sencrally manage the affairs of the charity. trustee¥ are familiari8ed with tlL¢ charitys legal dO￿￿￿ts, their legal r¢Jpon8ibiiitics and the obj¢¢tiv¢s and finances of th¢ Gharity. OrgAntsAdon The board of meet three times A year to revi¢w all wects of the ¢lwrity a¢tivitie& Th¢ boord has utablijh vAriou8 volunt¢¢r 8roup8 to knlp in th¢ ttsmiin8 of th¢ Gharity8 pro￿al￿DeS and aotiviti¢8. Jndu¢don and trthg of new trnlte N¢w tru8te¢8 WAII undergo orientation on their legal obliptioni under tharity law. the aimi and obj¢ctive8 of the tharity, it8 governing framcwthkn, deci8ion-nJakin8 procc5S¢S, 8trat¢gic plans, and financial wfornmnce. All tru8tee Ire iN8ued with a trustee pack aThl attend in.hou8e and external trainillg r¢l¢vont to their roleB. STATEMENT OF TRUSTEESI RESPONSIBILITIES The tru8teeg (who are akn the dire¢tots of S8l¢n InteTnAtional Christian Centre for the purp08e8 of ¢omp8ny law) are respon8ible for preparAng the Annual Report and the finhneial statemenlB in Reeordance with appli¢able law and UDit¢d Kin8dom Accoimtin8 Standord8 (United Kin8dom Generally Ae¢¢pt¢d Accounting Pracli¢e) and the c1witi￿ ond Tntstse Jnve8tswit (Scotland) A¢t 2005 and Re8ulation 8 of the Cknriti¢i Accounts (ScotlAnd) R•gulation8 2006, Compally law rnquires the tru8tee8 to prepare finon¢idl Btatements for ea¢h financial yeor which give a tnw and fair view f the stato of affair8 of the chRritAble conyny and of the incoming re80￿￿¢$ and application of re8ource4 iti¢luding the in¢omc and expenditure. of ¢lJaTitable company for that period. In preparing those financi81 stat¢n￿ts. th• - Select 8Uitable &c￿ting ￿lIcIeS and then apply them con8litently: - ob8errfo the methoth and principIey in the Charity SORP. - mokejudgements and ¢stim&teB that 8r¢ r¢a8onable and pn￿ent. - pr¢pare tho fina￿1&1 Btatements on the going conc¢rn basis unle88 it 18 inappropriate to presu￿ that th• charltable mpany will continue in bu8ine88. The trustees are re8pon8ible for k¢¢plng proper acco￿tIng records whlch dlsc108e wlth reasonable ￿¢uraCY At Any time the financial p081tion of the charltable company and to enable them to ¢n8ure that the fjnanclal staternents comply with the compani￿ Act 2006. They ￿ a]80 r¢JponBiblo for Safeguarding thc assots of th¢ charitablo company and hen¢e for taking r¢a8onable 8tep8 for th¢ prevention And dotection of fraud and othor irre8ularitieJ. In 80 far a8 truJt¢Bs Are ftware: - thère IB no r•lovtht wdit inforn)adon of ￿tCh the clwitsble eompaty8 auditor8 ar• uM￿r•. and - the In￿ hAve taken all 8teps that thty ought to h&v¢ taken to make themselv￿ aware of ony r¢l¢vant audit infornmtion and to establish that the auditors are aware of that infom)ation. AiIDITORS The auditor& Ashford IL>ui4 will be prop08ed for re-8 poi Approvedby orderof tho board ofttU8teBs on................... ......... . ........... and 81wd on its bchalf by. R¢verend R ABh. Tn￿le￿ P8w5

ALE Oplnlon We have klldit¢d the fin￿181 statements of Salem JnternationAI Christian Centre (the 'choritable Company,) for the y¢ar ended 31 Decemb¢r 2024 vthicb ¢ompri8e th¢ Statement of Financial ActivitivB, the Balance Sheet, the Cash Flow Statement aDd nots8 to the finon¢ial 8tat¢m¢nts. including a summary of si￿lfiGant a¢countin8 policie8. The financial Twrting framcwork that ha8 b¢¢n applied in th¢ir PT¢FdTation is applicable law and United Kingdom Accounting Standard8 Iunited Kin8dom G¢n¢rally A¢G¢pt¢d Ac¢ountin8 Practice). In our opinion the financial slatements.. 8ive a true and fair vi¢w of the st&ts of tbe charitable company's affairs a8 at 31 D¢rcmber 2024 and of its incomin8 T¢80urceB and application of re50urc4 in¢luding its ineome and expenditiir4 for tbe year then ended. have been properly pr¢pared in acwrdanco with United Kingdom (knerally A¢¢eptcd AcCo￿ting Practi￿ and have been pre￿red in accordance with the requirements of the Companies Act 2(M)6, the Charities and Tn￿tee Inve8tsnent (Seotland) Act 2005 and Re8ul&tion 8 of the Charities Accounts (S¢oiland) Regulations 2006. for oplnlon We conducted our audit in accordance with International Standard8 on Auditing (UK) (ISAS (UK)) and Rpplicable IAW. Our responsibilities under thoBe standard8 are fith¢r described in th¢ Auditors, rcspon8ibilitie8 for the audit of the financial sthtemcnts 8ection of our report, We 8T¢ independent of the charitable company in ￿cOrdance with the •thi¢al requirem￿ts that or¢ relevant to our audit of th¢ fmancial 8laten)¢nt8 in the UK in¢ludin8 the FRC'8 Ethi¢AI Stfindard, and we havc fi￿filled our other ethi¢al respon8ibilitse8 in accordance with Ibe8e requir¢m¢nts. We believe that the audit ovidence wt hav¢ obtained 1$ 6ufficient and uppropriate to provlde a basis for our opinion. Collclulloni relatlng to golng coneern In auditing the finanoial 8tAtements. we have conclud¢d that the truit¢e¥' u8e of the 80in8 ¢oNern boBi8 of accounting In the preparntion of the fin8n¢ial 8tatemenli 18 appmpriate. Based on the work we have perforni¢4 we havc not identified any matsrifjl uncertainties relating to events or conditl0118 tha¢ individually or collectively. may cast signxfiwt doubt on th¢ charitable company'6 obility to continuc a8 a 8oin8 cern for a period of at leaot tw¢lve month8 from whcn the finan¢ial statements ore auth0ri8cd for i88U¢. Our tt£wibiJitieB and th• r¢8pon81bilitie8 of the trn8tee8 with relpect to goin8 ¢on¢¢rn &re deicrib¢d ID the r¢l¢YADt 8e¢tiOn8 of thi• r•port. Other lllformathin The tsw8tee8 4re responllblt for the oth¢r Inforniatlon. Th• other information WiBe8 th¢ inforn)atlon included In th¢ Annual Reporl other than the financial 8tstements and our Report of the Ind¢p¢ndent Auditr)r• thernon. Our opinion on th¢ finonclal Btatemonts does not covor the other infornlltion an4 exewt to tho extont ¢)theThvi8¢ explicitly 8t81￿ in ourrepoii w¢ do not expre86 Any forn of a86uran¢¢ ron¢lu8ion thkyeo Jn ¢onncction with our audit of the finollcial Stst¢m￿t4 our re8pon8ibility 18 to read the oth¢r inforn￿Oll And, iti doin8 ao. consider whether the other infornution 1$ materially incon8iStent with the finan¢i81 statements or our knowlcd8e obtained in th¢ audit or otherwi6e appear8 to be materialty misstated. If we identify 8uch mAt*ri￿ Incon8i6tencie8 or apparent mtitori￿ misitatements, w¢ rpquired to detem]in¢ wh￿h¢r this giw to a material mi88tstem¢nt in the IRnan¢ial Btatements thcm5cIv¢8. If, ba5cd on the work we have perforn)ed we conclude that there ig a material misstatement of this other infonnatioffj we are Tequired to report th4t fact. We ha￿ nothin8 to report in thio reB￿d. Oplnlonl on other matterB preKrlbed by the comp￿leS Act 2006 In our opinion, based on the work undertaken in the course of the #udit: the infornmtion givm in the Report of the Trustees for Ihe financial year for which th¢ financial statements 8 Pryred 18 COn818tent wxth tho financial stat¢ments' and . the R£port of th¢ TThtst￿ has been prepared in a¢￿[danCew1th applicable leg81 requirements. PAp¢ 6

ONAL Matter# on wld¢h we ar• requlred to report by exceptlon In the light of the knowledge and und¢r8tanding of the charitable company and its enviTonm¢nt obtsined in the cour4¢ of the audil we have not identified material misstatements in the Report of the Tru8tees. Wo Iwve nothing to rew)rt in kWC¢t of the following matt¢r8 wh¢r¢ the Companics A¢t 2006 and the Chariti¢J A¢wunts (Scodand) R¢8ulation$ 2006 requircs UB to report to you if. in our opinion.. . adequats ac¢ounting r¢coTh18 have not b¢¢n kcpt or rdurn8 ad¢quats for our audit hav¢ not bccn rccoived from branches not visited by u8; or - the fu￿]¢181 8tatoments are Dot in Agreem￿1 with tht accounting record8 And r¢turn8; or certain diBclosure8 of truBtee8' remuneration 8pecified by law are not made. or w¢ have not received all the inforn)ation and explanations we require for our audit; or the wer¢ not ontitled to t&ke advAnta8e of th¢ 8mall ¢ompani¢s ¢x¢mption from th¢ T¢qUimOnt to pr¢parc Strategic Rewrt or in pryin8 the Report ofthe Ththe8. ReBponthillldM of trnite¢• A8 ¢xplained more Mly in the Statwntnt of Tnthi, R¢5pon8ibilitie8, the (WI￿ are also th¢ diYectorB of the ¢haritsble company for the punx>8eB of ￿mpfiny law) ar¢ re8pon8ible for the prepRration of the financial statements and for being satisfied that they givo a true and fair view, and for 6u¢h intornal control 88 the ttu8tee8 defrrmine 18 n¢ceB8ary to enkble the preparation of finaneiol tht¢ment8 thAt fr¢e from mitertal mi58tat¢m¢nt. whether duv to fraud or error. In pr#porin8 the finanrial Btatements, thc tru8teeB or¢ ffsFM)n8ible for •8¢66ing the Charitable company8 abllity to continue a8 a goin8 concern, di8¢108in8, a8 applicable, m&tten related to 80illB concern and u8in8 the 80ift8 concern bEBi$ ofaccounting unle98 the trust¢H ¢ith¢r In1￿d to liquidat¢ the charftabl¢ Company or to cea8¢ opffadon8, or have no reali8tic Rlternative but to do 80. Our mpon￿bIllI1e8 for the audlt of the flnlnelal Itstements W¢ have be¢n eppointed 88 auditor under section 44{1)(o) of the Ch￿Iti¢l and Tru8tcc Investment (Srotland) A¢t 2005 and under th¢ Companie8 Act 2006 ffid report in A¢cordan¢e with the Acl8 and relevant regulations made or havin8 Our obj¢ctive8 are to obtain reasonabl¢ a88urattce about wheth¢r the financioE statemthts ai a whole fr¢e from rn8terl￿ mi88tAtemèn¢ whether due to frnud or error, to iw¢ a Report of the Ind¢p¢ndent Auditor¥ that include8 i)ur opinxon. Rea80￿ble 888urance 18 a high level of 888urAn¢¢, but 18 not 8 8u8rante# that an audit ¢onth￿ted in a¢¢ordance wlth ISA8 (UK) will alway8 d¢t¢¢t & matvrial mi68tat¢m¢nt whcn it exists. Mi88ta¢ements can aTi8¢ from fraud or cttor 8nd are conBidered material If. individually or in the #ggregAt4 they eould r¢uonably be 0xp￿ted to influence the ¢conomi¢ de¢i8iQDO of u8er8 taken on the bA8i8 of these financial 6tatements. I￿C8U19[1ti¢B. includinB frau￿ ar¢ 7nst8nce8 of non￿oMplian¢e with laws and rc8ulation8. We deligry procedure8 in line with our respon8ibiliti•s, outlined Alyov4 tt> detect matsrial mi08tat¢m¢nts in re8pect of 1rr¢gulAriti￿, including frau Thè extent to which our pro¢¢dure8 Are capable of detecting irre8ulariti¢s, including fraud is detsiled bolow. - We obtsined an underthndlng of the le8al re8uIAtory requirements appli¢#ble to the charity. Wt ¢On8idered that the m08t 8ignificant fjre those that relate to thc reporting frnm¢work being FRS 102, Clwities SORP (FRS 102). Anti-money Laundering and Charlties Aet 2011 rule8 and regulationB, the CompAniei Act 2006 and the Charfiti¢g Accounts (Scotland) liegulations 2Q06. We obtained an understanding of how the charity complie8 with th uirements by making enquirieg of m8n4ement and Seeking representation8 from those charged with govorn8n¢e. We . Wc inquired from m8n88ement and those char8cd with 8ov¢rnan¢e ax to any known in8tance8 of non40mpli4nce or SU4)ccted non-compliance with laws and regulAtions. Wc dc8igDd our audit procedur¢s to idelltify instanc¢s of non.complian¢e drollg￿ the Audit And remained alert to in8tance8 of non-¢omplianGc throu8hout th¢ audiL - We ￿SSed the 8U8ceptibility of the charitys financial Statements to matsrial mi88tthmenL including how fraud might occur by con8iderinB the risk of management override of int¢rnal conknl and by d¢Ji8natin8 incoming re80urce8 reeognition 48 a fraud risk. Wo performed journal entry t¢stiDg by specific risk ryiteri& with a focu8 on journal Indi￿till8 laz8¢ or unuwql tran￿￿10￿$ baKd on our und¢TBthnding of the bu8illcBS. We tested ¢ompletcne&s of Income through 8ub8tantive tèsts perfonnrf analylic81 r¢viow procedures and ¢ut off tr#ts on the It￿OMing resource reco8ni8ed. icicnt antl-money laundering documentati¢)n wa8 in plAc¥. Pglle 7

Matter• on whlch we are required to report by eX￿PtIon In the light of the knowledg¢ and understanding of th¢ charitable company and itg environme￿ obtained in the eoutte of the audil we have not id¢ntifi¢d matsrial mi88tatcmonts in the Report of th¢ Tru8te¢s. We hav¢ nothing to report in re8pect of th¢ following ma1tm wh¢r¢ th¢ Compani¢J Act 2￿6 and th¢ CharAti¢ Accounts (&odAlld) Rcgulationg 2006 requires u8 to report to you if, in our opmion: . adequate &¢wunting recorth ha￿ not been kept or rckn adequate for our audit have not been rwoivul from branches not visited by us; or . the fmancial statements are not in figreèmmt with the a¢eowiting record8 and rekn: or certain diBeloBure8 of tru8tees' T￿muneratiOn 8peoified by IAW or¢ not made. or wc havc not rttcivcd all th¢ infonnation and eXplan￿10￿S we require for our audit; or th• tru8tee8 were not mtitied to toke advantage of th¢ 8mall compani¢s oxomption from th¢ r¢quitvmcnt to prepare Strate8ic or in preparing th¢ Roport of the Ththe8. Rewnthllhlm oftruite As explained more thlly in th¢ Statement of Try8tee8' Respon8ibilitie8, the ttwtees (who are al80 the dirwtors of the ¢h4ritsble ¢ompany for the purpo8e8 of compfiny law) are reBpon8ibl¢ for thc preparation of th• financial 8t8t¢m¢nts and for being sati8fied that they Bive a true and fw vi¢w, for Such intern81 control a8 the trustee8 del¢rmine 18 nece888ry to enable th¢ preparation of fllwicial $tat¢ment8 that are free from matertal mis8taternent, wheth*r thie to fraud or em)r. In preparAn8 tho finaDcio18tat0men￿ the trust¢e8 are r￿ponsIble for a88es8ing the charitable ¢ompaty8 abllity to continut a8 a 80ing ¢oncern. di8cloBing. as applicable, m&ttcrJ related to going eonccrn and u8in8 the 8Olll8 concern bo818 of a¢wuntin8 unl¢s8 the truste¢s ¢ilh¢r intend to liquidate the Charitable comp8ny or lo Ce8￿ optt4lion8, or hav¥ no reali8tic 4lt¢rnative but to do 80. Our ￿pOn￿bIN11e1 for the audlt of the flnAncl411¢4tements W¢ hav¢ bcen appoltit￿ a8 Auditor Und￿ 6ection 4411)(G) of thc Charitie8 and Trn8tee Investment (Swd8nd) Act 2(M)5 and under the Companie8 Act 2006 Ind report in accordon¢e with the Acl8 and relevant T¢8ulation8 made or havin8 Our obJ￿tiVeS are to obtsin Jealonable u8uranc¢ about whether the finAti¢inl stateM￿th ￿ a WI￿1¢ th free from material ml88tat¢men¢ ￿h¢r due to fraud or ¢rror, and to iswe a R¢port of the Independent Auditors that inclu&0 our opinion. RO￿&ble a￿￿et 18 a high levd of A8Burance, but is not a guaTantse that an Audit ¢onth￿ted in accordmrA with ISAI (UK) will alwa￿ deterA a matsrial miJ6tatanont whon it ai8ts. MiBJtatvmonts can ar1￿ from fraud or enor and are consldered mAteriAI if. indivldually or in the a8sreB4t4 thoy ￿ll1d rwonably be 0X￿ted to inllu¢nc¢ the economi¢ decisiono of u8er8 tsken on th¢ ba818 of the8e financial 8tatomcnt& Irr¢8ularitsty in¢ludin8 fraul Antta￿e8 of nonw¢ompliAncc with laws and regulAtion¥. We de8180 pr￿edureB in line with our ttipon8ibilitie8, Outlincd abov4 to d¢t¢Gt Materi￿ mis8t&tem¢nts ill re8PCCt of irrewlllritirn, including frau The •xknt to which our ptocethre8 orn woble of detectiD8 I￿e8U1&rjtt¢S. including fraud iu detailed beli)w. - We obtsined an underthding of the legal reBulatory requirements applAc&ble to the tharity. We con8ldered that th¢ m08t 8ignifi¢ant are th0￿ that relate to th¢ reporting framework b¢ing FRS 102, Charitie8 SORP (FRS 102). Anti-money taunderlng and Charities Act 2011 rule8 ond r¢8ulatlons, the CompAnie8 AeA 2(K16 and th¢ Charities Accounts (S¢otland) Regulations 2006. We obtalned an undergt2Thdlng of how the charity ¢omplie8 with thege rwirtments by making enquirie8 of management and Seeking representstionB from those chArg¢d with 8overn8nc¢. We conpborated our undcr8tanding by rnicwing supporting doouncntation. - W¢ inquired frum manascmcnt and thosc char8¢d with Bovcrnancc a8 to any known in8tan¢e8 of non40mpli4nce Ir 8Uspect￿ non-compliaDCC with lawl 4nd rcgulations. Wc dcsi8ned our audit proccdure8 to identify inBtanceK of nOn-￿Mpli￿n¢e tlroughout the audit and remaIti￿ alert to iD8tance8 of non-compliance throu8bout the audiL - We a8S¢88ed the su8c¢ptibility of the eh4rity8 financlal 8tat¢ments to mthrial misgt&temenL includin8 how fraud might oceur by considerlng the risk of mana8ement ov¢rride of internal Control and by design￿Ing incoming r¢8ource8 recobmition as a fraud ri8k. We wfornied joum81 entry te8ting by spe¢ific risk criteri4 with a focu8 on journals indicating IAt8¢ QT um￿Ul] trans&¢tion8 based on our Underst￿Ing of the business. W¢ tC8tcd compl¢tentss of income throu8h Substantive tests p¢rform& sn￿ytiCal review pro¢edureB and eut off te8ts on the in￿ming teioiir¢ rccognised. sufficient anti.money laundering dO¢Un￿tatiOn was in plac Page 7

ENT NAL CHRI THE ME of our report Thi8 report is made solely to the charitable company'B members, 98 4 body, in accordanee with Chapter 3 of PArt 16 of the CompanieB Act 2006 ReBu]ation 10 of the Cbariti¢s Accounts (Scotland) Rc8ulation8 2fK16. Our audit wrf haB be¢n undertak¢n 80 that w¢ might 8tste to the rharitsble company'8 mcrnb¢r8 those matt¢r8 we required to stste to thern in an auditors, r¢port and for no other purpose. To the fvllest extent pennitt¢d by jaw. we do not ￿cept or assume sponsibility to onyone other than the ch8TitAble company and the charitable company'8 members as a body. ftsr our audit worK for this r¢po¢ or forthe OPiDion8 we hav¢ fornw Bric A8hon8 FCCA (Senior Statutory Auditor) for and on behalf of A8hford Louis ChArt¢red Certified Account4nts & Statutory Auditor8 187 High Road Lryton London E15 2BY PAge 9

ATI ATKMENT OF THE YEAR NANCIAL Acriv 31 DECEMBER 2 31.12.24 31.12.23 Total Notes INCOME AND ENDOWMENryS FROM 676,664 676.664 711.672 4J22 4A22 Totsl 681,026 681,026 711.672 EXPENDrruRE ON Ch*rlt4ble AetMtI¢i Direct ckntsblo expenditiwe Support costs Governance 358.405 328,008 17,482 358,405 328,IyJ8 17,482 410.570 188,549 13.61)0 Totsl 703,895 703.895 612,719 1¥4ET INCOMFI(EXPENDrruRE) (22,869) (22.869) 98.953 RECONCILIATION OF FUNDS Totsl fynd8 brought fonvard 494.313 494,313 395,360 TOTAL FUNDS CARRIED FORWARD 471.444 471,444 494.313

BAL E SHEE 31.12.24 Total 31.12.23 Notes Tangible awts li 12 1,426,060 3.070 1.426,060 3.070 1,356.849 1.429.130 1.429.130 lJ56.849 Debtors Cash at bank and in haDd 13 11,600 51,031 11.600 51,031 65.357 62.631 62.631 65,357 CREDITORS Amounts falling duo within y 14 (138,396> (138,396) (51.548) NET CURRENT ASSETS (75.765) {75.765) 13.809 TOTAL ASSETS LF3S CURRENT 1353365 1,353,365 I J70.658 CREDITORS Amounts fallin8 due th nwre than ono y¢Ar 15 (881,921) {881,921) (1176,345) NET ASSETS 471,444 471,444 494,313 FUNDS 18 471,444 494,313 TOTAL FUNDS 471.444 494.313 The8e finall¢￿ kntemrnts hEve been pr¢pArnl in accordan¢¢ with thc proviiion8 ippIic4bl• to ¢bAritable compani¢8 •ubi¢ct to tho 8rn￿ ¢onynieB re8im•. approv￿ by th¢ Board of Tntstees and 1utlu)ri8￿ for iisu• W¢R 8i8nod ou its behalf by. The financial 8ta R¢v¢rend R Ash. T￿￿te¢ The note8 forni PArt of these filla￿l￿ gt8tements

IN CASH FIL)W STATEMENT REN 31.l2.24 31.12.23 CA8h flows from opcrntlng actmtl Cash generated from operations IntereBtpaid Int¢fC8t element of hire pwcha8¢ payments 166.511 {96,901) 232.796 (71,750) (3.283) (2.820) Net ¢ash provided by opeTrtin8 activiti¢8 66.327 158226 C$b flowi from lllveJthig getmd Purchase of tangible fixed 888et8 Purchose of fjxed a88et inv•8tmonts Intereit r¢¢eived (106,291) (3,070) 40 (316,857) Net ea8h u8ed in itNeiting activitieg (109,321) (316,857) llow• from IlnAn¢lng A¢dvlll¢J 61.750 (15,690) (9.964) (7.428) 181.000 134.53 3,994 Capital repayrnents in year Other loan Net ¢a8h provid￿ by fill4n¢in8 a¢tivitios 28.668 150.457 ChAn£¢ In ¢A•h And ¢•h •qulYalents the reportlng perlod Ca•h #nd Calh eqUI￿￿nts ot the boglnnlni oftht ropordng perlod {14,326) (8,174) 65.357 73,531 C￿h and ¢*•h equlvahnts at the end of the reportlng p¢rk•d 51,031 65,357 The notrs form part of th¢8¢ financial 8tatements Pai¢ 12

NOTE FOR THE CASH F W STATEME YEAR ENDED 31 DECEMBER 20 RECONCILIATIOY4 OF NET (EXPENDITURR)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31,12.24 31.12.23 Net (exp¢ndkne)Iln¢oThp for the r¢N)rtkng perlod (￿ per the stateD￿nt of Flnanclal A¢dvlde&) Adjuitments for: Depreciation char8¢8 tnt¢rest received Intsr¢&t paid Jnlerest elen￿llt of hirn purcha80 and finance le08e TentRI PAyments In¢r¢aBe in d¢btor8 Increa8e in ￿edItorS {22,869) 98.953 61580 (40) 96,901 3.283 {11.6(Ki) 38256 53,906 71,750 2,820 5.367 c¥h provlded by operthdo 166,511 232.796 ANALYSIS OF CHANGES IN NET DEBT Other noTrc88h At 1.1.24 Cath flow At31.12.24 Cash at ballk and in ha￿1 65,357 (14,326) 51,031 65.357 (14J26) 51,031 Ihbt Finawe leaK8 Debts falling du¢ within l year Debts falling ¢kn after l year (27,866) 9,964 (25.500) (43,402) (36,078) (36,078) (848.479} (2,554) (851.033) 1876.345) (28.668) (25,500) (YJO,513) Total {810,988) (42,994) (25,500) (879,482) Paoe 13

MINT ON ES EN ACCOUNTING POLICIES Bath of preparlng th¢ fin•nflal Ststemnts Th¢ fuwncial 8tatcmcnts of the ￿ltable company. I￿1¢h is a pubIic benefit entity undcr FRS 102. have b¢¢n Pf¢PBred in accordance wth th¢ awities SORP (FRS 102) 'Ac¢ounting ond Reportin8 by Charxties: Statsment of R￿MmeD￿ Practice applicable to thaTitic8 prep￿Ill% thcir accounts in arcordallce with the Financial R¢porting Standard applicable in the UK and Republic of Irela1￿ (FRS 102) {cffective l January 2019),. FinAncid Rw>rtin8 Standard 102 Fillan¢ial Rcporting Standard applicabl¢ in thc UK aud Republic of lTrland' and thc Compani¢8 Act 2006, and thc Chariti¢s And Trustee Inv¢8tment (Scoiland) Act 2(Ki5 and Re8ulation 8 of the Clwitiu A¢￿18 (S¢otlond) Re8uiatiOn8 2(NJ6. The financial statem¢nts hav¢ been prepared undw the hi8toricai cost convention. Income All income li r¢coBOi8ed in the Ststement of Financial A¢tivitiei once the ehaTity has entiti¢nxnt to tbe it 18 probabl¢ that the income will be received and the amount can be measlwed reliably. xpendlture Liabilities are re￿gnISed aB expendilure as 800n u thore 18 a legal or ¢on8tructiv¢ obligation committing the charity to that expendit￿4 it is probable that a transfrr of econornic benefit8 will be required in 8ettlenwnt and tkn amount of the obli8ation can bc measured teli&bly. Expenditur¢ 18 accounted for on an a¢¢n￿lS ba818 and hal been cla88ified undeT h¢adin88 that a88re8ate all rost related to the cat¢80ry. Where c08ts canDOt b¢ directly attributed to particular htsading8 thry have bem allocated to a¢tivitieB on a ba818 coll8lBtent with the use of Tn8lble fixed D¢preciation 18 provided at th¢ following amwl ratej in order to write off each tt8s•t over its ￿ted llaefi life or, if held uttder a finance leas¢. ovK the1¢48¢ whichevcT IS the shortcr. Freehold propety Plant and machmery Fixtures and fittin88 Motor v¢hicle8 2% on cost 2(P/o on e08t 15Vo on coit 2(Ph on colt The ¢hfirity 18 exempt from corporation tsx on its charitabl¢ activitie8. Fund a¢¢ountln8 Unrvltricted fund8 can be u8ed in ￿0rdance with th¢ dmritable objectivei at the di8eretion ofthe tru8teeB. Re￿icted fund8 can only be u8ed for partlcular re5trict¢d purpo801 wlthln th¢ objects of the charity. Ri¢tion8 ari8e when Specified by the donor or vrt￿n fund8 are rni8ed for particular r¢Btriotsd purpose8. Furtber explanation of the nature and pury)Be of each fill￿ 1$ included in th• notsB to th¢ finatsoial 8tat¢nttts. Hlre purch• And le￿Ing commltments A55ets obtained under hire purchase contracts or fina￿2 lew$ aff ¢apitalised in the Balance Shert Those held under hire pur¢hgse contracts ar¢ depreci&ted ov¢r their e8tirnated u8eful JiYe& Th0o¢ held lllld￿ financc leases are deprcciated over thcir estimated useful lives or the lew ter￿ whichever18 8horter. The interest elenxnt of thme obli8Ation8 IB charged to tho Statement of Finhti¢ia] AGtiviti¢8 ovor th¢ relovant p•riod. The capitsl eloment of th¢ payments ij treated as a IiAbility. R¢ntsJ8 paid Under operating lea￿ are ¢haW to th¢ Stht¢ment of Financial A¢tfvitle8 on A 8tr4i8ht line ba818 over the perlod of the leA80. Pewlon CO￿ and oth•r po8t-retlrement beneflts The clwit&ble company operAte8 a defined ¢ontribution pension 80heme. Contributions pa￿1¢ to the ch8ritsbl¢ ¢ompany8 p¢n8ion Scheme ￿ chty to th¢ Stat¢nKnt of Finan¢tal Activities in the p¢riThl to ￿]ch relate. PdryRk 14

FINAN TEMENTS. ENDED 31 DE R 2024 OR THE DONATIONS AND LEGAC 31.12.24 31.12.23 554,825 72,038 49,801 652257 59.415 Gift aid tsx refund Buildin8 & project fund 676,664 711,672 OTHER TRADING ACllVITiES 31.12.24 31.12.23 4.322 INVESTMENT INCOME 31.1224 31.1223 CHAiUTABLE ACTIVITIES COSTS Support costs (8¢e note 6) Direct Costs Total8 Direct charitable expenditure Support cost8 336276 264.068 22,129 63,940 17,482 358.405 328.008 17.482 600,344 103,551 703.895 SUPPORT COSTS Man48¢mmt Finance Totsl8 Direct chaTitsble expenditure 22,129 63,940 22.129 269 17,213 17.482 86,069 269 17,213 103,551 P4e 15

ATE D31DE EMBE 2024 NET INCOMEI(EXPENDITURE) Net inwnvl(expenditur¢) IB stat￿ after ¢haT￿￿(crediting). 31.12.24 31.12.23 Auditorf Temuneration 9.6(Kl 56,455 6,125 26,854 J3,900 Other opttatin8 lea8e8 25.263 TRusfEES' REMUNERATION AND BENEFITS On¢ mmnber of th¢ Tru8teey re¢eiv¢d romuneration a8 the Principal Putor ov¢r5eti￿ the work in the Continont of Ewop¢. No other Tn￿¢¢1 receive remUrnti0￿ except for •88ffjdAI 8orvice8 relld¢r￿ by them to thp Ch￿lty. There were no truqteu, expeDw paid for th• y•ar end¢d 31 D•comb¢r 2024 nor for the Y￿ ended 31 D¢c¢mbtt 2023. STAFF COSTS 31.12.24 31.12.23 WaBe8 and salaries Sooial 8e¢urity costs Otherpen8ion co8ts 181,506 11,261 3,501 168,106 5,621 3,447 196.268 177,174 The Av¢rage monthly numb¥r of employees durin8 the year wa8 ai follow8.. 31.12.24 31.12.23 Employ￿9 No employ¢e8 received emoluments in e￿eSS of £60,000. XO. COMPARATIVES FOR THE STATEM￿ OF FINANCIAL AcfiviTIES Unr¢Jtricled fund Rc5tricted Totsl INCOME AND ENDOWMENTS FROM Donations and IcgaGics 711,672 711.672 EXPENDfTURE ON Chirhable a¢dvltle• Direct ￿ltable expenditurv Support costs (lovernance 410.570 188,549 13.600 410.570 188,549 13.600 Totll 612.719 612,719 NET INCOME Tranrferi betsveen fund• 98,953 47501 98,953 (47,501) Page 16

NANCIAL sfATEM R ENDED TS. eontln 2024 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES. eonthiued Unrc5tricted R¢8trx¢ted fund Net movement In th￿di 146,454 (47501) 98.953 RECONcIL￿TION OF FUNDS Totsl fimd5 brought forward 347,859 47,501 395J60 TOTAL FUNDS CARRIED FORWARD 494,313 494J13 11. TA14GIBLE FJXED ASSETS Fixture8 Freehold Plant and propety n￿billery fittings Motor v¢hi¢1¢8 Tola18 COST At l Januory 2024 AdditioJJ8 1,249,100 101.166 324.036 14,679 76,605 30.625 1.664,420 131.791 At 31 December 2024 1,350,266 324,036 14.679 107,230 1.796,211 DEPRECIATION At l January 2024 Charge for year 18,986 20,524 236,167 23.170 11.808 2.202 40.610 16,684 307,571 62,580 At 31 Dexemkn 2024 39,510 259.337 14.010 57294 370,151 Y4ET BOOK VALUE At 31 Decem￿ 2024 1,310,756 64,699 669 49,936 1,426.060 At 31 Dec¢mbtr 2023 1,230,114 87.869 2,871 35,995 1.356.849 Fixed 8• i￿h￿l•d itt the Abov¢. Myhich are held under hire purc1￿0 contracts ar¢ a8 follow8.' Motor vehi¢1¢8 COST Addition8 30.625 DEPRECIATION Charge for y¢ttr 6.125 NET BOOK VALUE At 31 Dec¢mbw 2024 24,500 At 31 D¢¢#M￿ 2023 Pa￿ 17

ci ST MENTS- R T 12. FIXED ASSET INVESTMEN13 31.1224 31.12.23 3.070 There WUE no investmcDt uiets outside the UK. Jnveststs (neither listed nor unli8ted) wer¢ a8 ftIllow8.' 31.12.24 31,12.23 Gohl & 8ilvor coi 3.070 13. DEBTORS: AMOUNTS FALLING DUE WITlllN ONE YEAR 31.12.24 31.12.23 11,600 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Bank loan8 and oycrdralts (8¢¢ note 16) Hirc purdwe (8ee note 17) Social 8e¢urity and othrf tax¢8 Other creditor8 AccNed ¢xpen8eo 36,078 12,514 64,198 2,406 23,200 37.192 756 13,600 138J96 51.548 IS. CREDNORS: AMOUNT8 FALLING DUE ArfER MORE THAN ONL YEAR 31.12.24 31.12.23 Bank {Ke not¢ 16) Other loan818ee nots16) Htre purchue (see no* 17) 851,033 841.051 7.428 27,866 30.888 881,921 876,345 16. LOANS An analysiB of tho mthwity of loans ix 8iven bplow. 31.12.24 31.12.23 Amounts falling due within one yev on dem￿. B8nk104n8 36.078 Amounts fallmg bohY¢¢n on¢ It￿ (wo yr4T8: Bank loan8. 1.2 years Other loans- 1-2 y¢ar8 851,033 841,051 7,428 851,033 848.479 Paoe I

TEME IDE EMBE ORT 16. XnANS- contlnlled Bank loall from Baroiays BaDk PLC is secured by way of f￿8t cbarge over Unit I Ic. New Horizon Bu8ine8S C¢ntss The Pillnarlc, BpmMJ Road, Harlow CM19 5FN. L4)an8 from St¢waTthknp S¢Thi¢¢8 (UKET) Limited 18 8¢gurcd by way of first ¢h￿8¢ ovcr Ne￿￿ttle Churc NewbattEc Road. EskballL Ihlkcid4 EH22 3LH and St Petern Church HaJL Victoria Road. Aberdee 17. LEASING AGREEMENTS Minimum l¢a8e paymcnts under hire purchase f811 due Is follows.. 31.12.24 31.1223 Net obliptson8 repayable: Within onc year B¢tWe￿ on¢ ond fiv¢ ycu8 12J14 30.888 27.866 43,402 27,866 I& MOVEMENT IN FUNDS N¢t At 31.12.24 At 1.1.24 in fimd8 Umjtrleted 494.313 (22,869) 471,444 TOTAL FUNDS 494.313 (22,869) 471,444 Net move]￿t in fimd4 in¢luded in the above Orn 48 follow8: Incomin8 r¢80ur¢e8 Re80urce8 cxpended Movement in fvnds Unrutrleted fundi 681.026 (703,895) (22,869) TOTAL FUNDS 681,026 {703,895) (22,869) Page 19 eontinued...

STOTHE FOR THE YEA TATEMEFI DED 31 DE EMBER 2024 -con I& MOVEMENT IN FUNDS . conthiued Comparadvtt for movement ID fundi Nct TTAnJf¢r At 31.12.23 At 1.1.23 in fimds 347,859 98,953 47,501 494,313 R¢8trictcd fjjnd 47JOI (47,501) TOTAL FUNDS 395,360 98.953 494,313 Con)parntive net mov¢ment in fillth. included in th¢ above are a8 follow8: re8ource8 expended in fimd8 Unr¢•trkted tlmd• 711.672 (612,719) 98.953 TOTAL FUNDS 711.672 (612.719) 98.953 A currwtt yeor 12 moDth$ and prior year 12 month# eombioed p￿ltIOn 18 a8 follow8.' N¢t Tran8fer8 At 31.12.24 At 1.1.23 in fimd8 Unr¢itrkted lknndl 347,839 76,084 47.501 471.444 Rostrictsd fimd 47,501 {47.501) TOTAL FUNDS 395,360 76.084 471.444 A current yw 12 months And prior year 12 n￿nthS combined net mov¢n￿t in funds. inchmkd in the above are as follow8: Incoming ¢xpend in fund8 UMreJtrleted fundi I,3￿2.698 (1.316,614) 76,084 1,392,698 (1,316,614) 76,084 Pw20

THEF IALS - eondn 19. REIATKD PARTY DISCLOSURES Salcm UK is part of thc Salem family worldwid4 founded by the Ar¢hbi8hop Sam Anx84 a r¢putsble man of intr￿lty 8nd a njan of faith. His invaluable contribution in cowunction WAth thc Boord of TTU6teeB Iwe in U ba8 8eon to the Stability of the work. During the yeAr, th¢ ¢huTch ptiid an amount totalling £19,120 {2023: £18.550) to onc of th¢ trustees for 8¢r4iCC8 ?1

TE ANCIAL A IDE 31.12.24 31.12.23 INCOME AI¥D ENDOWMENTS Donidons and legacles DonatioJ8 Gift aid tsx r¢fimd Building & project fimd 554,825 71038 49.801 652.257 39.415 671664 711,672 Other tradlng a¢tMtle• 4.322 Inve•tment Income Deposit 4￿nt IntsreBt Total Ineomlng ruourc 681,026 7J1.672 EXPENDITURE ChArttAble A¢dvld 181.506 11.261 3,501 26,854 19.652 16.229 13.782 21276 18.338 1,300 42.088 18,183 3.418 17,830 33.451 4.798 4,113 20.524 23.170 2.202 16,684 96.901 3283 168.106 5.621 3,447 25263 14254 Sociol securlty P¢n8iOn8 Light and h¢At Promotio Sunthie8 5.378 58.963 7,038 9,800 14,221 10,291 10,146 12,337 44.319 Hotets and lodgin8 Chur¢h hou8e exp¢n8¢8 Donation8 Welfar¢ ¢woeB lotor expen8e8 R¢pairs and mainttnance Event expense8 Mu8i¢al equipment ¢XPMl8e8 Freehold prop¢ty Plant and rna¢hinery Fixtures and fitting3 Motorvehicle8 Mortgage Hir¢ pwehftBe 18,986 23.170 1.191 10,559 71.750 2,820 600.344 517.060 Support emts ManagÈmÈnt RAt¢8 and wat¢r C&rried foThvard 392 392 1.020 1,020 This page drts not forni part of the staw financial statements PJAe 22

ME R ENDED INANCIAL A CEMBER 2 OR 31.12.24 31.12.23 M￿￿gernent Brought forYA 392 4.077 33,327 7.471 1,020 4.471 11.218 8,119 6,364 21,612 Trnvelling Tclephon¢ Postage 8nd stationery Profr8sional frcs 40.802 86,069 52.804 Flnlnce Iuse rcnts18 Bank charge8 2,339 766 269 269 3,105 Admin18tratlve expense8 Accountancy feel 9,600 25,550 354 7,259 17,213 39,150 Total reiour¢eB expended 703,895 612,719 Net {expendlluYtykn¢omt {22.869) 98.953 Thi8 page d0¢8 not forni part of the futancial ststem¢llts Pak7e 23