2023-12-31-accounts

Charlty Ro9lstratlon No. 1128084 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN ANNUAL REPORT ANO HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN LEGAL AND ADMINISTRATIVE INFORMATION Tru5ts98 Th6 nam88 01 those who have 8erved as trustees from 1 January 2023 unul Ihe dat6 Ihls report wa8 approved Ex offldo mpmbern oftho PCC Licensedy Rov'd Rodedck C¢)rke IVk8r) ICh8hThan} Re¢dAdam Whart(¥) (Curalel {from Sept8mbw 2023) De•ntry Synod Men)or8 Mrserner La Fonlal Mrs Rathl Hunuey Mrs Gilllan M8xlm Mr Derek Valentln8 MrRichhrd W&athgrf1 Or D￿d GLry Mf Nelll Paulloy Ordlnary Al•mb•r8 ofth• PCC PArs Judith Butler Mr James Hall Dr Thdsha John DrMl8talr Sawor¥ Mr Robert Syk98 Mrs Hden Wo11 Mr J8remy Wr8y Fmm May 2023 Mr8Clalre Dambor0￿h tk Phwppo L(php TS G￿lIan Munro Prlnclpal Olllws Rgv'd Roderlck Cthe {Chalmwi ofthe PCC> Mrs Helen (Wcfrchalrman olthe PCC) Mr Nell P8ulley IChurd)wardenl Dr Davld Guy {Churchw8￿nI DrThrl$h8 John (Treasurgr lo th8 PCCI DrAJlstalr Sawars (Secretary to Ihe PCC) Charlty nu 112 Prlnclpal addr•• Th$ Parlsh Offi¢8 Church14oy$e Church Slig81 Mafvem WR14 2AY

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN LEGAL AND ADMINISTRATIVE INFORMATION Audtior KendallW&Jley LLP Granta LothJe 71 Graham Ro￿1 Mafvem WR14 2JS B￿korn Lloyds Bank P 48 Belle VUB Torraoe Mafvem Worcestorshlro WR14 4QG HSBC Bank pk I Chur¢h Stmt WR14 2AB CAF Bank Lkl 25 KSros Hlll Avenue West MalHng Kfjnl ME1g4JQ Invgstmgnt advl CCLA Investment M$nag0mtnl Umltsd 85 Queen Vklorfa Stregt EC4V 4ET

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN CONTENTS Tru8tg98' report 1-10 Statement of Tiu8teg8' rèspon81￿1111&s Indepandenl audltots repjrt 12-14 ststemenl of flnandal aL*vlU86 15-16 BdaThx 17 Statsmenl of cash Ih 18 Note810 th8 flnancial ststèmants 10-38

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Tru8le8s presenl Iheir rewt and accounts for the ygor endgd 31 Oecomber 2023. and CoM￿Y wlth the Church of ErMJland Measure8 (Iho ParcthLal Churth CouncllB IPowor81 Moa8ure 1956 as am8nded and tho Church Representation Rul88 Icontslned In Schedule 3 trj th& Synodlcal Govwnmenl M6asuro 1￿9, 8$ 8mend8d)l thè ChaTitleg Aci 2011 9nd 'Accountlng and Repo￿ng by Chgrlll&s'. St81&m&nl of Recommended Practlce appllcabb to ch8Tibes pr&paring their accounts In accordance wllh th6 Flnanclal Reportiro Standard 8ppllcabig In the UK and Republlc of Ireland IFRS 1021. la8 amended for accoLFnllng pertods commendng from 1 January 20191. Obl•ctlv•$ and A¢tlvltlg$ The objecUv￿ of thg PCC Bre 88 set out In Ihe chu￿ ofEngl8nd Measures datallgd obovg. The PCC co.operates wlth thtr Incumberrt in 'promoUnp In Ihe ¢￿￿881￿$be￿I parfsh thtr whole ml83ion of the Church" and Is re8ponsiNe for supwrting its clergy and staff In the organisation of religious servkes and olher event8. as w81188 lh8 provlthn of pastoral care forth8 ￿n￿allOn and the parfsh In genernl. Durlng 2023 th• Prbry's Vicar was the Revd Rcthrf¢k Corto. He was a￿st•d ty th& Revd Adgm Wharton, MIM of retlr•J dwgy 4th p8rn￿￿ io offthle a￿1 by fow Lk8n80d L8y Mlnl8tsrB Ifcm&ity kno￿ 88 Licensed Rea(Jer81. Ms Anno Rkh contknu8d In the post of Church man￿Or r98pon8lblo for rnanaulng th8 8taff and davgloplng the work of the Prlory, a8Bl8t8d by the Head VergerlCu8tQ8, Jam98 Walker. Thg Priory18 a place of wor8hlp for both th6 parl8h and th8 ￿der o)mmunlty. Dmne Se￿¢98 ar8 nom)ally hekj every day and al least three dm&g on Sunday8, wlth a regular mldweek servlce of Holy Communion on Wedngsday momlngs. The Pth)ry18 open for prlvalg wayer every day. The priory hold8 cm¢ and also acts as a venue for concerts and other events. It Is 6omotlm88 Used for men￿rtaI S0￿Ce6 for th080 deceased h￿e chwche8 are 100 8mall to ￿￿ftMC¥ja1• th8 numbor ol moumers onwated, a8 ￿17 a8 lor Its (Ylvn Th& Prkny Lq a Grade 1 L18t8d B￿ldIng of n8110n￿ 8¥JnOfa￿e. Th& PCC prowde8 a paid fu1141mè Custos and part-time Deputy and A8slstanl Custod8s lo ensur8 that th8 bulkJlng18 OWI a8 much as posdbl6', noThalty the Priory is open every day frorn 9.00am to 4.45pm. Volunteer8 act as guKles and welcomers. The Frlends of ma￿em Prfrmy rffovld8 guld&J tou￿ for knlmted groLP8. Thg Prlory attracts oround 40.0￿ VIS￿or9 8nnualty. Promotlng tho Whol• Ml•8lon ofth• Chur¢h In recognillon of N8 wider re8pon81billlies In ptomollr4J tha vtholo m1881on of the c￿[Ch, the PCC mak88 grent8 to national Bnd Int&malonal m1861on and charltablg organl$alon8. The grant Ma￿ng polky gslAbll8hgd by the PCC certlfi88 and rn8k￿ gr8nts lo th06e organ￿o￿on8 d8mon81r8tlng slmllar obl8cti¥88 and oulread) to Great M8lvem Pw. Gr￿ts all0¢a￿ durlr¥J the year thown vAlhin acc¥￿nts, a￿1 are de8¢dbod later In IN¥ report. In late 202W•ty 2021 Iha Prkny eslablthad Its Vlsknn 8nd Stralfjgy Ihal Ihè b8$18 of thg PW$ Nthk)n over the next f6W y&8rn. A bwkkt was that 8ets out sts81tyl¢ ￿¥￿tiveS, thg key alms and m1881on action Pri￿l￿e&. These fomi a pathway to rna￿89 the Pri￿￿$ vlslon to re8tore, refre8h Insplre Ihe buNdin9 and communlty. The Prfory D8v61Lwn￿l pl￿ to Sup[￿ th1818 to 8ee Great Malvem Prbry a8 wet¢xJmkng, ac¢e881bl8 lo all and an Important part of th8 communliy of ma￿¥m 8TKI the wlder w(Yld. 1118 our de81re ihal11 Is & pl8c8 whore all, regardless of background, can leam about our h8rilage and lh8 f8levance of the Chrfsllan falth today. 1118 our deslre to see the Prlory and It8 hedtag8 (the bulldlng, wlndow8, m180rkord8. 11198 and other feeture81 lfjll Iho 810ry of the Chrfsllan f81th and118 rol&v&nce tr) all.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN TRUSTEES. REPORT (CONTINUED FOR fHE YEAR ENDED 31 DECEMBER 2023 A ConsgNalior) Managemertl Plan ICMPI W88 produced, wllh the lTrllial encouragement and a8818t8nce of th8 Churth BUlk51￿S Cwndl in 2014. The plhn Ilnk8 the luture devgk4)ment of the Prlory buildlng tr> appropri810 addiyonal uses. whllst reS￿￿n9. wi88Nlng 8NI expldnlng118 hgrftage. Th8 flTrt18sue was publl¥h8d in Mar 2015 under the titl8 ol Priory Plan aryj ¢JJpies We￿ made avallatAe to relevant organisatN)ns In the town a8 well as being made aVala￿e to all through the PIiw'8 website. The Priory Devdopn￿nI Plan. as it is n called, 18 an evofving proc888 and work ha8 conlnued ￿th a PCC Commlttee ovor8eglng Ihe proce88. A revised 8dlllon of the CMP vMs198ued In 2017, lo takg occount of the 61gnlfk8nt eon8elV8￿0n wot (188crfb8(I later, and further ro¥Askins wore undertaken In 2020, 20218nd 2023. Th8 Trustees have p81d (hje rwJard to g￿lanc￿lS￿d by th8 I￿rIty Comml$6h)n In (kddlng vkngt athiMaB th8 P.C.C. sh￿1 A¢hlovom8nts and p•rfomianrg Rogul¥r Publlr Worshlp and <)th•r ••rwlc•i Eath Sunday thère arg iwo Bervk•8. A 6eMce of Hoty Communlcffl IBCPI al 8.00 am fOlkn￿d by Iho m￿n service al 10.30 am. The 10.30 am thces 0)m[￿Se Communion s0￿CeS {based on Cunmon Worship) generally on the 1st and 3rd Sunday8 of each month. Atog6thor Worshlp la I￿5 ftxmal seThKe for 811 ages) on tha 2nd Sundays, MomlrKJ Worshlp on tha 4th Sunday8 and Communlon In the Round on Sund8y8. Evènl s8rvlce$ 8t 6.30pm eomprfse InfomiBI Evenlng Wor8hSp or Th& Gath8rfng18 ¢8fe style church), Holy Communlon, Ev8n80ng or Chor81 Evon80ng. Thore 1$ 8 mldwegk Communlon Servicg 8111.30 am on W8dne8day8. 88cause of the pandemlc Ihè ￿￿rago ètteThja￿ at wéekty So￿ In church kn 2020 and 2021 declined Tha￿edly. However, attendance al 8￿CeS gradually inL¥ea8&J dvring 2022 and continued into 2023 so that Octobor 2023 thwe was an avera99 weekly Bilendarth of 284 odth and 18 undw 1681th980 ¢￿P￿0 ￿ryth pr pandemlc Bnnual w06￿Y 8verage$ of268 adults and 25 under 16$). There were 9 funora18 In the ¢hurch In 2023110 in 2022). Thare were 9 weddlng818 In 20221 and 11 baptlsm814 In 2022). Moming Prayer 1$ u8u81ty sak1 every wo&kday nUnl￿d. Many leave writt8n prayor requèsts, whith are rom0mber￿j In w8yer on th& follo￿r￿j M(￿l[￿J. and thern 18 incroaslr¥J u89 of prnytrr c8ndle stand. St Anne'B Chapgl 1$ al80 Sel aside for prfvale prayer and refiett￿ and was u8ed for ￿￿er minl8try to Indwidua durfThJ Sunday 88NC88. t￿lIng Lgnl and Advont g serles of mklweok evonlng corrythn& 8wvke8 wore hekj In church. Mlnl8try of Thi$ L8 led by a Cector of Musk, PIw8 Maxlm. to publ %y6h¥), 9681th1 by other tywlsls nec8888ry. W8 h8d an organ schoLqr for tha firnt dx month8 of 2023. The Priory Cholf of lunéor clK)ri8ter8, lady BItOB and men slng al rNist Sunday momlng servlces, excèpt for the mahN6ty of Allogeth81 Worshlp s6rvlc8s whth ar8 usually by th8 Prtory OttJ)eslra of 8dult and lunlor muddans. Th& Prtsy SiThJers. a mlxed adurt (*￿Ir. 8trvJ 81 evenlng wvlc88 of Holy Communkn, Even80ng and Choral Ey￿S0n￿. The Prirry SIng￿B 8nd Cholr tx¥nbln8 resource8 for the A(fvenl Chiislmas C8rt4 Servkns. An Inform￿ Prd5se Group of 81ng8rs and inslrumenta15sts siros before ￿me SuTrJay momlng wvl ond durfro occa81c￿01 maln seMc88. A Worshlp pl8y8 01 The G8thgtlng.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 P88toral Worf( Re81denllal and nursing home8 ¥￿thIn th8 parish COn￿n￿e lo be v181tsd ragularfy, and 80NIc68 are h81d for Ihe den18. Both dergy aThl lay poople al80 undertalce regular pastoral vlsiting of the h¢xwbound and the slck. A team of regular M￿berS of th8 congyegaoon called Prfory Arga Llnks (PALS) wel¢om8 Prtory newcomefs who Ilve neor lo them and bok out for anyone who may neèd 80mo extra 8UPPOrt due lo illnes$, bewvemenl. movlr¥ house el¢. Tha PALS, vA)rk 8nd olhor Inlllallves are c¢Trordlnated by 8 8mall Pastoral Team. Tho PALS have had an Important rde durirvJ the pandemic In keeriro in touch with church m8rnbers, lookJrvJ out for thelr neads and ng to off-8el the 8en8e of lonelln888 aTrJ Iwlation Ihalwas fell In partkular by many of I￿ aldgrty. Tuchlng ofchrlstlanlty thn>ugh •wmon8, eoursos and imall woups As w81 a8 the regular Sunday tsachkng mln18ty {for all ages} the Prlory ha8 nlne Home Group8, vorying In 8ize. These follow planned courses of 8ludy during the year and Hre co-ordlnal8d by Revd Tony and Mr8 Rosemary Whallgy. Teachlng has also been provldgd to sm811 groups &nd l¢VJl￿d￿aIS through confimiatlon class95 and bapllsm prep8raUon. Provl•lon of Chlldr•n'$ & Youth Woth IC&Y) wlth a Chdsllan oth0• Th8 ¢urnnt Pikny C&Y gr￿jp￿ arè: Junkf Ch￿r (&Jes 7-18)., FROG8 IF￿lY ReHant On G(Jl {8988 3- 11) Idgnuty lag88 11-181 2023 68w ¢on8011datton of the groups ao 98tabllshed In 2022. Numb8r8 of ¢hlldren 8n(l young people hav8 fallen ighuy es Some of Ihg choir chlldren have 8loppgd back du6 to pr888urns of school and ex&m8. Catherine Ponung 81epp8d down as C&Y admlni8trator 01 Ihe end of the summer tarm and a8 yel novone haB come forwaid lo lake on th16 fol8. Thg PCC haB beén con81dering varJu6 opllon8 In¢ludkng a paid ChlhJTen and Famllles Wo￿aT and a M1881on AccompaTrler. Junlor C￿)Ir m88ts wogkty for Frklay Y8hgar$818 and to th8 u8U81 80ryk88. Tho Ix¥e fflembern of Iho Junlor Choir have rem81ned dedlcaw aHho￿Jh some of the newer m8mb8rn h8ve com8 and gone. They 8tsged the popular an￿￿￿ Chor(8ters' Concert ￿ Febn￿ry and a hwy weok8nd away ai Ihe Vlney Hlll Chri6ti8n Affventurè Cbntro In Sbpt8mber. Ma$8y Churth contlnue8 to fi￿rf¥h. Thera were eJht sesslon8 ovor th9 course of the year 8nd a tot81 of 91 thild￿n atttrnded at198St on& 8888lon. Th18 agaln Indudod 8 largo numbor of fam11688. Attandancé was on aver8ge, hlgher than 2022. Idenllty ha8 contlnued to ffourfsh, wllh 10.12 cholr chHdran attondlrvJ on e TegLdar b8sb8- we oro 8011 on how lo encourBge attendance from iho non4holr childr6n. FROGS attendanc8 ha8 VWi8d . 80mo wwk8 ￿ have elght or mor6 Mo& of lh8 tholr thlhknn have rThi Th)ved up to Ider￿lty, ￿ now FROGS fo¢￿￿eS rnuch yoww Memb￿5. We pray frjr more famNles tojoln us. Litpath 2023 In J￿0 w88 8nother highllght poyltive feedback from 8chotsl 8taff, pupHs and volunleeT8,' 80me 650 chlldren look part OV8f the week. Schoo18 have continued to face tha challenges of day-ttsday Ilfts followlng th8 pandoml¢ and the effects on thalr pup118, 60 the Ume for rgfi8clJon w88 Partlcvlarfy valuablo to them.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN TRUSTEES. REPORT (CONTINUED) FOR ThIE YEAR ENDED 31 DECEMBER 2023 Promotlon of Chrlstlanlty through events, meoting¥. and th• dl¥trlbutlon of Iltsratura Local 8clwols and other groups ￿UL9rty vtall the Prfcry for lalks and a tour of the bvikllNJ. Sp8cl81 Inter88t group8 often iKx)k tour8.lgd ty v(Aurta8r by The FrieThJs of M￿Yem Prf￿. Llnks with the I¢MI 8nd Irad8r8 hav6 remalned strong. The Prtory fftolned ¥￿th Malvgm Town Malv8m HIN DIBlrfcl Councils lo brfng cheer to thg town through flower3 8nd Ilghts In Ihe 8pdng and around Chr18tmas Jma respectSvely. We agaln hosted an Ea8tor Garden and 8 R8membrance Garden de8igngd and laid out by Yambomb Great Malvem And hald a seNlce on Am)Istice Day and a Remembr8nce Day Serylce In collaborafjon wlth M8lvwn Town Coundl. Wo hosted ewt Famiers, market8 In the groun<ls lon8 hBd to be cancelled ovAng to weather forg¢8811. Wo 8180 hosted five Art8 8fKI Crnfts morèts. In athJI￿on lo th& Ma￿et and events (music and actfvlt￿B for all 8gesl, 888ouate(I wlth the Malvem Chd8tsna8 F&stival. Wa agoln hosted fivo very WCCOB8fv1 and well recelved organ ￿lta18 attractlng v181tors from far allekl 88 wou 88 from the local communlty. In addilion, w& hosted 31 concert8 In 2023. Many ware frag lunchtlme conc•ts (free to mu81clan5 and attendees), holplivj to make qU￿ty liv8 muulc avallablo 10 all. rnganless of Incon. New cc4Iaborat￿n8 Included Ihe hOs￿￿j of Ihe Mal￿ty of 8 5-day childrens. 8tory-telliThJ gvont In our grouThJ8 (run by Malvem Hlll8 Dlslrtt Councll In pothershSp with Bofy Arts Events),. free lunchume cor￿rtS glven by an Itallan pianlgt of IniemBllonal ￿nown,. the h081Ing of g one-d8y creallv8 wddng course. and an exhibition of 8k8lches made by m8mb6r8 of 8 group Ingplred by a vlslt to the church. Another fvll prcJ8mme of and ¢)3rt8rt8 as6od8t￿l wlth ow Pri(ry Lunchbox 8eri8s wo8 hdd., Ilwse can typlcolty attract audknnce8 of 150 or morg. wular Sunday lun¢he$ et 8 locol hold agaln 8UCC088ful ￿ around 50 pecyle attendlvvJ each lunth. Thty enable mgmtr8 of Ihe ¢ongrgg811on to get lo know 00th other bettw and wo most e￿oYable. Th8 Prfory SW wa8 IransfeFred to The Frlends of Malvem Pdory In January 2017 and contlnue8 to 9ell trKKJk8, cArd8. CDS of tha Prkny Cholr and organ. os wdl as a varfety of grft8 wlth local 8nd Chrf8U&n connections. A team of vduniews Staffs the shop. whlch18 weil kn(Mn 88 a gocrfl wurco of greeungs canls 81 roa80nabtg pfK8. 8upportlng othor Charttl￿ in th• UK and ovws•a8 The P￿ support8 15 char11188, bolh In Brftaln and ov8r8ea8, financlal￿ and by our prayor and Inleffjst. We havg 8 number ol mlsslon portner Ilnk8 - mission8Tle8 working In ovar8e88 fiolds and malntain rogular cixnmuni(stiTh) vAth them. Wo also have an Infomal Ink an Inner-city d)urch - St Luke's. Wifvethamplon - rgdrNrKal ¥￿Its mèmbers of the tsyo congregattons. The day to the nofflialty occuirfng during Auw81 W8B not posslb th18 year. SimllAty. ma￿￿rn'S regular wgloomo to Lildren frorn an area of Belarus. in whlch fn8ny Prfory peopl8 arè Involvgd, w88 cancglled Ihls year. Th8 Prkyy hBS kgpl clo8e Nnks wlth th9 rndrod Bithop of Mar8alil, ￿)rthern Kanya and w¢th that (Yoca80 wh8r6 8 grwp frwi the Priory had a$￿Sted In work to provxle a schoolrorffl, iwo water slowe tanks and In healthc8r wort in October 2015. Thts PIKKY ha8 a180 mthloined it8 11th wilh Sl Kalhgrina's Churth kn Wc4mirsled( Gemiany.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Thè Friend8 of Malvern Prtory The Frfends Is a separate charfty g$lablish8d by the PCC to asslsi wllh the malntenan¢e and gnhancement ofthe P￿Ory 8nd with the ¢hurch's outreach lo the community. Its membership Is drawn from wlthin the congregation and tho widor communlty, Indudlng ovgrsgas. The Friends pn)vkJed grBnt8 to Ihe PCC durlng 21r23 to enablè work8 to be carried out on the slru¢ture. In 8UPPOrt of the conservauon of tho modleval Ci8allon Wlndow Idgscrfbad balowl the Frfonds embarked on 8 successfvl fundra191ng campaign, ryaisirvJ over £100k towards the requlred costs. Th& Friends also contslbuted 8lgnlflcanUy towards the replacement of the18ad roof of Sl Anne's chapel. The Frfends now helps the Prfory communlc8t8 regularty wlh local businesses by offerlng A880ciate Membership to buslnes88s whlch advortI88 In the Prlory magazlt)8. They run The Frfends Shop and regular 9ulded tours, and wth the PCC, run the regular Lunch Box events. Oihor events havo boon an annual oulSng. Friends Choral Evensong, a Heritage and FBlth Lecture and 8 ¢ommunty carol serv1￿. 11 Is partleulèrty encouraglng that organSsors of othor PiS(Ky &vonts ara starbng lo use The Frfends to he5p them reach more people in the cornrnunity. Fabrlc Mattars The H181oTiC England Herlt8ge At Rlsk Reglster Icurrentl Include8 the following for the bulldlng: Prlory Church of St Mary and St Michael. Church Stroo¢ Malv•m- Malvgm HIMS L18t6d BulldlrFggTrde 7. 1082794 Lergg mfjdieval Ghurch of Ihe BenedlGtlng Prf(xy, found6d In 1085. 11 1$ now 8 large parfsh GhurGh that domln8(9s th& ¢enlr8 of Malvgm. It has the largest dlsplay of C15 $l&ln8d gla88 in England as well as rIGh furnlshlngs 8nd Ilnlshes. Overall, In falr condifion but there Is 8 Ma1￿ problom wllh the stsined glass whlch needs urgènt r8p&ir. other problems are th6 high lev81 Stonework of thg lower and thg hlgh levol masonry to soulh wlndows. Thg parish are undertaklng a plld proJ&¢t to repaK the stained glass and Su￿undIng fabrf¢ to Inform a maiLr projed of ropalr8 and Improved faGllitles. A Survey of the extemal and Intemal stonework by Sally Slra¢h8y Hl8torfc Con8ervation {SSHCI In 2016 Indlcated some 600 repaSr Items of verfous skzes and d8gr8e8 of urgency. The wlnthw8 of Great Malvtrm Prfory contsln a remathable co1￿ctIon of flne 8181ned antj p8lnl8d gla85 dating from the 15th to the 21st centuries. The unique and boautlful rnedlgval glass dales from c.1430.1502 and 18 regardeLt by experts a6 being of national srgnffi￿antt6. A report on the gla88 slates- 'The ma￿em win(knv$ are generally r8gard8d as probably tha fjneBt ¢0118Ctl¢)n of Ellg118h 15th and &arfy 16th ￿nts1ry stslned g18S8 outsKle York Minstel. In 2015 York Glaii8rs Tntsl undertook a thorough Survey ol thtr Prior￿8 8laSned glas8 wlndows. Thelr report identified that the Priory's medleval stalned glass was facing damage from corrosion of the glass due to ialn and Inleinal condensation, ond was ¢overod w*th soot and other dirt. They recommonded 'lhe installation of protgctivo glazing lo inhlbll ongoing 6ydes of corrosion tho1 ar8 damaglng Ihls hi8toric and unique c4Jllection' And that, whi18 the leadwork was generally found to bè sound, the glass should be removed to be cleaned In th8 81udlo under a mlcroscop8. A pllol prolè¢t for thè conservation of a slngle medieval I￿ndOw, thg Cfeation Window Isllll in St Anne's thapel, wa8 g￿ntert a fa￿lty and was undertaken In 2022r2023. Thè objective was lo demonslrale and valldate the t8chniques involved In the conservation of m&dleval gla88, Including the installallon of envlronmental prot￿tIVa glazing. The en¥lronmental condltk)ns of th& window continue lo be monltored post-completlon In OTd8r to 8scertaln the effectiv6n&ss of th8 801ulion. The fundlng for the conseN8fjon of the Creallon Wlndow was attained through Iho g9ne)D8ity of The Friends of Malvem Prfory, th8 He￿118Y Tntst and lh8 W0￿h¢PAI Company of Glazler8 & Painters of Glass.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 lead on Ihe four 8lB18 Toors dal68 frDm 1W$. 11 was ol pcor ortglnal desi￿. has suffe￿1 movemont Its. has be&n patched many tlmes and reqirire8 rwI3￿ment A fac(dty WA8 grant￿ to repL7co 80m8 decayed limbers and Te4heet the load roofing to an impioved design on the srArth thoir als16 (St Anne's chap811. The work wa8 compiel8d 8UC¢g8sfulty In e8rty 2023. The Friends of Malvem Prnry, th9 Garfiakl Weston Foundatknn. the DrO1￿1¢h Preserv8lion Tru$1 and tha WorcestershlTe & Dudley Hlslorfc churc1￿8 Tr￿1 prO￿ded gr8nt8 towards the repair (rfthe roof and Iholr contrlbullon18 9ralefiJlty ￿knOw[8dged. Lluring 2023 the deslgn and faculty Approval for the lowerfng of the Lwo nave pw pllnths lo c￿ats a flat ftoor wa completed. Th18 Includ88 the In8tBIIBllon of undeffloor heaung whlch 18 hoped eventually to be connecled to h981 pump. Ihus r8du¢4ThJ our ¢8rt)on foolprfnt. Worf( commenced In e&rty 2024 wtth expected ¢omplellon by Ea8ter 2024. The Hlstr>ric E￿￿land Herttage M Rlsk RwJistsr be upd8tsd p8fKxllcally to refl￿1 th8 varknu8 repalr8 and conservthn as thgy aro compbthd. wlth ihe alm that evenkn8lly th6 bulk11rYJ V+lll abl& to b& removed from Ihe Th8 Quinquenniaf ln8ptsdl¢￿ wa8 U￿18rtakBn durfng late 2023. tho Prlory thurch tNJikllrJ and thurch Hous8. Tha ReP￿ts are ex¥eC￿l In eaity 2024. Other Fabhc wod( durfng 2023.. A conlrn¢t io Improve flre 88fgty for the bellrfro8r8 Includhg a new fire e8co￿ r￿rt9 from tha chamber onlo thè 80Uth chancel roof, Bnd Improved r88tralnl bar8 at the mu8ter polnl on the roof 18 underway. Minor repalr8 Id8nllfled In the 2018 QI r8p(xt and vl8 wul8r Inspodons have been undertaken, and A180 t planned cycle of m81ntenance and palntsng of gutter6 and downplpe& Thè annual round of 8oNlclrKJ and Sn6pection8 has been u)mplgt8d. Wixk k> addr888 furth8r mr wglrs and con8orv*n fa118 under the publ8hed Prfory Davelopment Plan. de￿l￿d below. The dellvwy of Iha full Pjan Is Ilkoty to 18k8 a perlod ofg)me 10-12 years, 8fKI VAII ￿ In 8t le88t Iwo, FKJssbty three, pha888. There are a furtlw Ihlrteen medlov81 vkndrms to be rwBlred and con80rvwJ,' three futhr alslè te&J roof8: aThJ nwnerous 8rea8 ofaxtemd 8tonth¥th. al￿ be kntemal re￿(￿rI￿.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plans forth6 Futur• elo ment Plan As well aB und8rtO￿ng m8fvr conservauon work to protect and enhBnc£ the Prfory bulldlng, thè PDP aims tr) make the Prfory a focal point for the local communlty with improved facS111ie$ that will trn8bl&11 to be more wSd6 used. bolh for church service8 and for olhgr events. It Is an ongolng project the work being planned will take Several ytsars lo come to frullion. The Plan has s&t a number of oblectlve8, developed from those previously identified in the Priory's MSssion ActSon Plan 12012-141. its sub8equent updaung, and thg Priory Vlslon and SlrBlegy {2021- 20251 dooument. As get out In the Pl&n, the Priory building needs developmont to modem facilitles Includlng Improved toll6t and baby changlng provlsSon. access for all, a seNery, level Iloor8, improved heal distributlon and g$neral- purpose meeting rooms. As notsd abovo, extgn81vg ropair3 to thg slongwork are requlred, ond th8 Stalned glass ndows and alde roofs also need attention. Th888 concems are b8ln9 addrgssed. In January 2019 the PCC requested expresslons of Interfy81 from B nauonal 8rchlt8ctural pracuces for work lo develop, repalr and conserve the building. A shorUS8l of thr88 pra¢lic88 was se5ected and each WBS givtrn an honorarfum to makg proposals for how they wwld lak8 forward the Prfory Dgvelopment Plan. They pr￿ntsd their detsiled proposals, conlalnlng orfglnal Idgas and designs, in November 2019. All lh& pro¢tlc8s calculated Ihe cost of meellng Ihe full Plan as belng £10M £12M (now nearer £13MI- Usln9 thelr and other reports durfng 2022 and 2023 w¢ have Gonlinue() the process of reflnlng whal Is requlred undèr the Plan, reduclng Its scope lo that whlch mlght b8 4¢higvable within an affordable budg&t. The 01omgnts of the Plan have been dlvldad into Ihrge pha$88 for fund5ng purposes. In Decemb&r 2022 wo Igarnl that an EXp￿sSIon of Interest IEoll to tha National Lottery Herttage Fund INLHFI for funding support for the first phase had bggn rel8c18d, bul Ihgy suggested ways in which our Eol could b& Improvod to address their fundlng prfndples. An am8nd8d Eol was submltted In Septembgr 2023. Th& NLHF responded favourably wtth an Invltallon to prepare a Development Phase appllcallon. Thgy vl$it8d us In December to see our plans In mor& dotail and di8CU88 how we mkJht mov& Duilng Ihts year we have COn￿nUed to dlscuss our plans wlh, inter alia, the Di0￿san Advlsory Council, H5storlc Er¥Jland, Malvem Town Councll anil Mafvom Hllls DS8lrf¢t Councll. All are supportfve. As part of our Blm In the Plan lo engagts more fvlly with the I(￿31 communlty, we have apt)ointed a votunleer Communlty Eng8g&m8nl CooTdlnator. Shg Is worklro vAth tho local community to klentify opportunities to support existing local groups, discover WBYS to enhanco the experfence of all vlsltOTS and to Inlllate and promote aC￿vItIeS In support of the Prtory's outreach objectives. We have 8180 appointed a vollsnleer Communlcatlons Coordinator to establish a'house style" and to lead ￿SponSIbility for content and upkeep of the wobslle antj soclal rnedla. Flnanclal r6vl•w At 31 December 2023. unreslri¢led {gen8ral} funds £142.873 {2022 - £101.1431; deslgnated tunds Mre £290.25012022 - £315,061,. 8nd rasiricled fvnds We￿ £194,41712022 - £150,677). Following a reclasslfieadon of some funlts prevlously Ihought lo be entknwed. andowment fund8 have reduced to £76.14812022 - £92,057). Total resourc88 were £703,68812022- £658,938). t￿rtng 2023 unro8lrf¢ted ￿neral Income exceth expendItU￿ by £4,41512022 - £18,372) prfor to Inve8bnent galns 01 £31,00712022 - k)88es £28,954). After transf8rs botween fund8, this provlded a Po￿￿ve movgmont In general funds of £41,73012022- negatlve movement £18,B571. The VarIan￿ In Income and gxp8ndltur8 from 2022 Is prlinBrfly attrltwled lo ￿￿￿ellI9Ve18 of Income. The PCC rgmalns focusad on Improvlng the levgl of Income recelved, both Ihrough Improving the levd of stewa¥dshlp glvlng from chur¢h members a6 well as that Tece4vod from vlsilo¥8.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 1118 the of the chath to m8lntaln unre8tri¢to(I funds. whtch thg fw resarves of Ihe charfty, at a16vel vthlch118s In th8 ran￿ £ 110,000 to £130,000 {airnwng at an avorw 01 £120,OLY)l. Thls wovid68 fvnd8 to en&AB thè charfty.. To be able to make Bhort end medlum 18mb exp8ndllurg commltThnts without tha of 8hcvt49rn1 fluduauons In Incom8 forclng roducllon In. or cancellallon of, planned aclivity. To covar tho of unforo8gen émergency orolher unampecled need for ￿nds. In the 8vent of a malertal and 8U8tsinèd fall In In¢ome lo p￿vId@ sufficlent reserve8 to enable the charity to make Ihe changes In ils organisalon and a¢￿vIll￿8 nocgssary to respond to ih18 In an orderfy and ￿anned way, over a reasonable p8rfod of mnth8. To cover Ihe naed lo ftmd short4erni dgflcllB In cash budgot, e.g. ffK)ney may ng&1 to be 8k￿l b8frxa a fundlrYJ grant16 receNWI. The bala￿￿ 8131 December 2023 {our -re8eNe8') of £142,87312022 - £101.143} 18 ￿Martly re8uIt of Imwoved Inves1m￿l rknrKe. The PCC wll rev￿ il is Ithv a￿e to ￿d￿gnate 80 fvnds to rest￿ funds requ1￿1 to support 10&8es resulung from the d08ures eX￿￿need durlry th8 Covkl P￿rnI¢. Al 31 December 2023, the PCC held unreslrfct8d lega¢l8s of £95.26512022 - £295.2651. The red￿16 due to redesvJnaUon by th8 PCC to BUPPOrt the Priory Development Plan project and antScipated shortfa118 In fundlrvJ necessary lo complete the floor levelling project In 2024. Legac￿& and other donatlon8 aro alway8 gr8lebJlty Ived to support tha mlnlsty and m18slon of thg Prfory. The Trusto8s have 86098wJ Iha major rlsks to which Iho P.C.C. ￿ exp)sed, and arn saU8fied tho18y8tem8 gro In placg to mw axposurn to ￿ m81(K rlsks. Note 25 sets out an analy818 ofthe assgts attriLNJtsbl8 to var￿$ ftmd8. These assetsare 8uffidort to meet

)9 ¢harliy's oblvJatbon8 ryl o fvnd by fund basis.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, governan￿ 8nd manaoomont The Parochial Church Counell IPCCI has two Approvèd Goveming Document&. The Paro¢hlal Church Councll8 (Powers) Measure 1956, as amended The Church Repres8ntstion Rules 20Z2 The method ol appciintment of PCC members Is 801 out In the Church Rtrpre8enlafjon Rule8. All Church attendees ale encouraged to reglsleron the Electoral Roll arKI rnay stsnd for glecti(￿ lo the PCC. The electoral roll had a 10181 of 314 8t the Ilmo of the Annual Parochial Ghurch Meeting IAPCMI on 3rd MBY 20231th& numbor wa8 the same at tho practrding APCMI. The Trustees who served during th8 y8ar are a8 de8ulbed In thg legal and admln1slm￿v& Infornia￿On 8ection of these financlal slalefflenls. In 2023 th8 PCC opgfa18d wlth five CommKtees rpportlng lo11: Bulldlngs and Grounds, Flnance. MlssS0n. Worship and Priory Develop¥nent Plan Isle8ringl. PCC GTOUPS report to one of thasa flve Committges and th8 Cotnrnlttees In turn report lo the PCC. This enables Ihe PCC to spend tlme on p￿IeY and dlrathm rather than on day-torflay Issues. Th6 PCC nomalty mee18 fourtlmes a year, supplemènted by extra me81ing8 to Bddress speeAflc IS￿6$. There is a ManaggmentTeam consisting of the Ptlndpal Officers Ivlcèr, Curnte, PCC Vlce Cheir, PCC Secretary, PCC Treasurer, and Churchwardens}. an opllonBI addlllonal trlgcted momber of thg PCC and the Church Manager. Also In attendancè Is the Parish Administrator, as minule-tak8r. The Team nom7ally meets every ihr89 weeks lo take day-to4Ay managwnont dgclslons, and lo make other decision8 which do not have slgnlficant Impllcauons for govemanc& or wllcy. Rewrt8 from th& m8ellng8 are drculaled to th8 PCC. A standi￿ Cornmlttee, con8181ing of the Prindpal Officers (Vicar. Curate. PCC Vlce Ch8lr. PCC SÈ¢rotary, Treasurer and Churchwardens} meets when urgent dgolslons ar6 rfjqulrod and whldi ar6 8ub8equenily reported to the PCC. The Princ4ial Officers I¥￿1h the exceptlon ofthe Vkar and Curnts} arg 8ubjecl lo repeleclion each A PCC H8rKlbook $8ts out the remit and procedure8 to be followed foreach part ofthe organlsBllonal Slwcture. The PCC recelves advlce and Snfomallon frnm Its r&prgsenlalivgS On other exiernal bodi88.' Malvem and Upton DBanery Synod. Woroesler Dlo¢es8n Syn(Kl, The Fdends of M￿vern Priory, and the Lyttelton Well Ltd.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 S818W8rdlng The PCC 18 ￿nplIed vAth the duty un(ler Sthn 5 ofthg S8f&3u8rdlng and Clgrgy Di$d￿ne Measure 2016 to have due regard lo the Hou8e of Bishops, guidarrfx on saf8guardlng of ehldren and vuln￿ble adulls. Th Church Manager, Ms Anne F￿Ch.18 the Appoinl8d Safeguardlng Offlcer repO￿l¥j to the PCC. Scr&&nlng pro¢gdur8s regardlng th& prolgdon ofthlldren and vulnera￿9 adulls are empk)y8d. Dl8ck)8ur8 8nd B8￿Ing SeN¢& IDBSI chock8 havo been obtalned as neceB8ary for both pald and volunte8r wort(er8. Durlng 2023, 57 DBS check8 were pfoc666ed. As from 1 January 2024 all DBS certiffcates oxplra after 3 y8ar8 Ipreylously 5 yew61 bringlng the ffjnewal process in linè w4th tho fr8quency of refreshor 8alegu8rdlng tr8lnlng. The PCC pr8vIw￿Y odoplo(l a furthgr ofthe tXoce8an Safer Rocnjltkng Poky 2016 Iderfvad from that of the Churth of England) and Ihg scopg of these d￿CkS extends to cover Bll volunteers worklng with chikI￿n and many of th¢)86 w(xlng ¥￿th Vulner8￿ 8dults.1118 8 wult9m8nt thal tho8& w(xlng th chlldren and vulnerable 8dults. in a pald or vduniary capadty, undertake a Dioces8n B88t Saf&Juarding Awarenfyss Tr8lnlng ¢ouw8e ovèry three years and durtng 2023 three ￿V￿S oftraining {CO- bas￿. C1- I￿￿lation. C2-188der8htpl worn carrted <yJt onllne by vc4unte8rn and olThc6 hddefs as appToprLqte. In 2023 th8 PCC con11n(￿ to tho Dlixesgn SBkguerdlng D88hl)oard lo monltor progress and a8 8 rn8on8 of 8elf-a8SO88menl to 8n8ur8 that11 fulfi18 that dity. An pL8n wa8 drawn up and Is IM￿•Ment￿d. The PCC recognls8811s respon81blllty In relation lo h8allh and 881ety arKI d188bllity legi￿a￿On. The rol8 of Par18h SBfeguardlng Officer Is to over88e the r8Grullmenl, manwJemenl and tralnlng of all staff. pald Bnd voluntBry. Thls took effectfrom 31slAugu612017. She ensur8s that role dtsgcrfptlon8 8re glven for all voSunlg8r8, 8ppll¢8tlM lom)s and r8farenc88 are Bought where requlrgd and thBI all volUnts8￿ I￿11 roc8￿8 l8ttgTS of8pwinlmènl before slat￿ng work. Thls work continues. TheAnnu81 PCC Revlew of SafeguardlNJ oc¢urs at the M8rch PCC meotlng In ordgrth81 any poll upjate can b8 8dopt8d prlor lo ￿ Arcdea¢xn'8 M$i18tbn In Mayljuno. Th8 Trusta88' rokX)rtW88 aFVty￿I by thè 8c4¥d 0fTa￿le9&. Reverend R Corke D8ted: 2AFrfI ￿24 10-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees ar8 respons11￿8 for preparing the Tru8lees' Report and the accounts In aCc￿danCe wth applcable k7 aThJ Unlled Klng(knm Accounllng StaThJards lun1￿￿ KI￿OM G￿rallY Accepled Acwjntlng Praclke}. L8W 8ppllcable to ch8rfU88 In E￿[and ond Wal88 wulre$ the Twstees to prepa￿ 8ccounlg for flnatyaal year vthich glve a Ift￿ and falr vithw of th& 8tale of affalrs of Ihe ch8fity afKI of the IncomlThJ rn8Otf¢O8 and appllcalion of re80urceg of th8 charfty kn that year. In prnparfng th980 ac￿U￿tS, th& trues are Tgqulred to,. - $81ecl 8uKabl8 accounung pollcle8 and then appty them eon818tenUy, - ob88N8 Ihe method8 and prfnclples in the Charftle8 SORP: - makg judgomenl8 and osumatas thatare rga80nab19 and [M￿laN. - state %sthèther appllcatAe accountlng standard8 and 8t8t8ments of have beeft sublect lo any departUTes dbBdosed and ewlalned In the acojunts: and . kxgparo thg ￿1¥ ￿ tha corThm bafjl8 unl988 18 Inapproprfate to that ts choffty contlnue opwailon. The Tfusle88 are respon8lble for keeping sufficlont accounllng r8cor(Is that dlsclo88 wllh rea8onabl8 accuracy al any tlme the flnanclal p081tion of the P.C.C. and wh￿h enable them to ascertain the flnanclal FY)￿tIOn of the charfty end whlch enBbl8 Ih8m lo ansura that the account8 comply wllh the Charities Act 2011, the Charity IAccounts and R6POrtsl Regul8llons 2008 and the provlslons of tho Iw81 dead. They ara also reBponBlblo for 88f8guordlng tho a3801g of th8 charlty and hence lor tBkSng r&8$On8b￿ 818p8 ft>r the wevenllon and dotec￿On of fraud and olhgr regularfll88. 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN Oplnlon Wa have au1￿18￿ lh8 flnanc5818tstennts of The ParocNal Church COU￿1[ of tho Ecc1961as￿ca1 Parfsh of Salnt Mary and Salnl Mlcha81 Greal Malvem {the'P.C.C.') forthe year ended 31 D6tsMtr￿ 2023 •A)lth comtM18& Ihe 8t81emenl of finandal actlwues. the basance sheet, the 8tslement of ca8h flcM8 and notes lo the flnan¢581 ststen￿1s, iNJudirvJ significant a¢counfjng pollcEe8. The flnandal reportirvJ fr8mework that ha8 been applled in Iheir preparation appllcable law and Unlled Klngdorn Accounllng Stsndards, Includlng Financlal Reporting Standard 102 Tho FInan￿al ReportirftJ Slandard applicable In tlje UK Bnd Rapubllc of Ir618nd Iunllgd Klngdom Generally A¢¢optsd AccoLmUro Practice). In our opknion, the fin8n¢lal staiemert&' glve a trug and fak vlew of the stale of the tharftys 8ffalr8 as at 31 D￿ember 2ff23 and ol K8 IrK#)rthg r880urces Bnd appllcÈUon of re8ources, for th8 y8ar then ended,. hBv& baen proparfy prepared In accordance ￿th Unltod Klngdom G8nernlly Accepted Aceountlng PiaclKg" hov& been PT8pwed kn ot￿rd&n¢￿ ¥￿th Ihe wulrwnwt8 ofth& Charld88Act 2011. 8a81• for¢plnl¢)n We (x)nducl8d our au(Jlt In 8¢cordance wlth Inlemalion81 Stsndar(ts on Audlung IUKI {ISA8 {UKII and app4kat48 law. Our r98pon$ltllllle8 under th086 8tanLl8rd8 are further de8Crtbed In the Audllors responslbllltles for the audit of lh& Iln8nclal $18t8menls Secllon of our r9POrt. We are Independent ol the P.C.C. In accordBnce ￿th the ethlcal requlrements that are relevant to our audit of ihe financJ81 slelements In tho UK. Snduding 11)e FRC'S Elhlcal Sl8ndard. and we hav8 fvlft1￿d our Oth81 0th1¢g1 reS[KM)￿b1111189 In accthance th089 Trqulremgnts. W& bèllevtr that outhE eVId￿ ￿ hov& obtslwl18 Wfficie￿ 8r•J ¥ppropriate to ￿0vId6 tt ba8iB ftwr opknlon. Con¢lusion8 r•lallng to golng con¢•rn In auditing th6 flnanclal 8talèmanls, wa have conclude(I Ihbt the TnJ8te88' u8e of the go￿ ¢oncem baBi8 of ceounling in the pr8p8raUon of the flnanclal 8tatemenls18 appropdate. B880d on the we h￿8 perFrym8d, we have not klentlfied any mat8rlal ￿corta[nI108 fOlBllThJ lo events or c￿nditionS that, indivldualty or colFectiv8ly. m8y casl signifi¢8nt doubt on thè P.C.C.'s abilty lo continue 8$ 8 gc)g conwn for a pgriod of al ￿￿￿tIw￿¥0 mffilh8 from V•tsn finwKi81 statements are wJlh)ri8ed for18SUO. Our re8ponslbllllle8 And th8 rgsponslbllltleg of the TTU8te88 wllh reSp￿t to g(4ng concem 8rn d08olbed In Ihg relevant sectlons of Ih18 report. Thè other Inlom)8tion (x¥nffi tho Infom￿ the *￿￿al rep)rt olher than th8 fln￿al statements 8nd our audttovs f8POrt thereon. The T￿￿teeS are reSp0rffjl￿e for the olhar Infomath)n contalned w6thln the amual report. opinion on the fina￿la1 statements doe8 not cover th8 olhar Snfom18don and we do not any f( of aSSuratr￿ condu81on thBT8on. Our re8ponslblllty Is to md tho otlior Information and, In doing so, ¢ons4def whethor th8 othBr Inlomatioft is maler5elly inconsi$l8nt wlth the fin8n¢lal 8tatsmeTrts or our knowlgdge obtaln8d In the cour89 of the 8udll, or olheTwJse appew3 lo be ma18flally mi6slaled. If we Identify such rnalellal inconsislencles or 8pparent matorial m65818temgnls, are requlfed to delemilne vA)8lh&r Ihl8 g￿VeS rise to B mgtodd n￿SstataMgnl the [inat￿31 slaloments themsdv88. If. bos•J on the wryk we hav8 perforn￿. ￿ condude that there Is a mat8rf81 mlsslate￿ oftims other Infomwlon, we aro requ1￿1 to re￿￿1hat fact We havg nolhlng to report In thls regard. 12-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN M8ttern on whl¢h w• are requlred to r•port by oxcopuon We have nothlNJ lo rewrt in res￿ ol the followlng mattors In relatk)n to V•thlch lh& Charlllos {AccryJrtS oThJ Reix¥tsl Regut8llons 21Y)8 require us to report io you If, in our opinlon: thg Infomw¥on glven in the finandal statem8nt8 18 InCOn￿GI0nl In ony m8terl8F ro8p8cl vAth lh8 TTUStee8' Teport; or 8uffiL4enl ac£ounUng rscoriJ8 have not been kept.. or the finandal ststèmonts are not in agreornenl wllh th8 accLsuntlng record8', IX Wg hova not rgcalvod the Infomiatlon and 8xplanaUon8 we require for our &u(NL Respon8lbllltlo8 of Tru8tseB As oxplalnod mor6 lulty In the ststemenl ol Trustees, ￿6Ponsibl1[￿as. lh8 Tw8ts88 are r88k￿n￿ble for the preparalon ol the fflnand81 stalerngnls and for belng 8aU8fied that Ihey 8 Irue and falr vlew, and for s￿h inlemal control a8 the Twstees delennlne Is nwssary to 6rtaN¥ the prepa￿tton of financlal 81alem8nt8 that a freg from m8lerfo1 ml88tBtgment. whettw du8 to fr8ud or error. In preparirvJ the finandal statements. the Twsteos are rosponslbla for a8sessln9 thè P.C.C.'8 8Nllty to conllnue a8 a golng corKem. disdoging. a8 apF4ublè, matters rdated to corwn and uslrvJ the going o)ncem ba818 of ￿XI￿n￿￿j un$ the Tw8to98 olihor Intend to cea8e ow￿ljOn$, or Iwvo no r881181Jc att8matN8 bjl to do 80. Audttorfs rn8pon81bl1￿•j for the audlt of th• Ilnancl81 $t¥t•mènl• We have beon appointed as audSlor under se¢Uon 144 of the charl￿&9 A(a 2011 8nd rnport In accord8noe wllh th& Act and rglovonl ragulolk)n8 made or havSng 8ff0Ct Iheroundar. r obledlv98 aro to obtoln r8agonablo 888uranc6 aboul whelher the flnandal statement8 88 o vthole are free fmm matertal m188lalemenl, whether due to fraud or error. and to 188u& an auditorfs rgport that in¢￿deB our opinlon. Reasonable asBuranc818 a hlgh levgl of ossurance. bulls nol a gvaranlee th8t 8n 8udlt conducted In accordance with ISAS IUKI vhll always detect a materlal misststén￿nI whon It exists. Misstatements can Irom fraud error and arg C￿￿dered m8tsdal If. Indwually or In the atyJregat8, th8y could reason￿ly b8 expeded to Inftuerfe th6 decl￿one of wr8 taken ￿ the ba818 of th880 ftnandal 6tatem8nts. Tho extent to wthlch our procodure8 Ore cApabb of dotAlng Irreg￿8￿. fraud, Is detaHed bkn. Extent to ttthl¢h th• audltw4s ￿nsidered capable of dotectlng Irreularttles. Includlng fr8ud an understandlng of the rf$k assessmfynt procfjss Ilncludlng the a88888ment of th8 risk of fraud} Bdopl8d by the Bogrd Is obl81n￿ Ihelr attlludo to ri8k ascertalned as6essmgnt of the su6cepllblllty to matedal m18-8t8temenl of the fln8nd81 statemènts 08 a raBuIt of managemenl over-rfde or fraud is mada - an underslandlng oflhe legal ond regulatory framework as appllcable to the charfty Is ctklned - It Is ensurgd that Ihe engagtrm6nl loam, hav9 colSgcUv8ty. the approprfBte competence. cap8UlbUe8 and 8k1118 to be Involved In Ihe a8donmenl, are lu1￿ br6ofe(l and Unde￿nd the rl8k$ 8pedllc to ts charlty Audtt T•8pons•io rlsks Idontlfi•d Havlr¥J coThJuclod tho a88888m8nl prrThluTes the follo￿r@ proce￿8 utll8wJ lo respcffld to delemilnod rfsks: - uThJertake a revbw of Board mlnut6s. p&rf(Mm analyw rnvbthv, ¢on8kler the r81evance and o¢curncy of 81￿IfiCant wcounllThJ 08Umal68, undertakfj sub818nlive tssting of 8k3nlficanl accoLmling transactron8. (n lesb to lontify unuw81 or un8xpeciod ac¢wnUrvJ entrfes, Indudlro t￿liThJ of joumBls arml seek Cor￿b￿ra1Jvtt 8vld&nce to pAIpp(￿t the Same, dlsdo8ure8 in the financial statements aro Iracgd to 8UPP(tlng documentallon -1118 ensured that th8 chailty h80 taken Bpproprla18 StgP8 tr• comply wSth le9al and stslulory obllgaUon$ 8nd wharo Ih&r8 havg bg8n br8ach88, oblaln a full understndlng ol the evant and gather relevant do¢umontallon for 13-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN It Should be r￿ted that Audlung Siartdard8 Ilmll IhB audlt procedures ￿qUired to hjenlify nDn-¢ompl*8ncg wfth law8 8nd fygubuons lo enq￿ry of thg TrLtth8 and other management and th& Inspecuon of rggulatory and 18g81 CoThes￿ndenC8. rfhny. Becau88 of the Inherent IlmltaUon8 of an a￿lIt, Iher8 ￿ a rfsk that will d&tect 81 IrrwlarfUo8. hK4udkng tkn 18odlng lo a materfal ml8-8tatemenl in the finandal stslemenl3 or non-c￿npl14n¢a wlih reguwlon. The ￿sk Inueases the more that compliance wSth law or re9ul8tkJn Is rgmoved from the even18 and transa¢tlon8 refleclgd Sn Ihe fln8nd81 statemen18, as we ￿1[ be less Ilkely lo become aware of Inslance8 of nonrycompllance. The ri8k Is ¥180 greater regarding Irreg￿arftie8 ￿¢UM￿g dug to fraud ffjthgr th8n orror. as fr8ud Involvgs Sntsnuonal CLWbcealm8nl, foTg8ry, Collu￿On or mI8.fèp¥B￿tsuO￿. A furthèr description of our ￿$￿nSIbIlI1eS Is Available on the Flnancial Rewting CouncAt'8 web8lte al: #th￿..11 www.frc.org.uklaudltor8re8P(ffi8Ulllti8s. Th18 de8¢riPtlon fomis part ofour reporL Yovr att&nUon Is drdwn to thg fact thBI th8 chorfty ha8 prepaT8d fina￿1 statements In accord8nc8 vrtth'kn￿m and ReporUr4J ty Charttle$.' stat￿nent of Recommandod Pracllca ￿p￿ICable lo chariltes preparfng thelr aLXx￿nts In 8¢cord8nce wllh th8 Flnarthl Repor￿n9 Standard applicabl& In th8 UK and Re[￿lIe of Ireland IFRsf (as amended lor accounting perfod8 commen¢ing from 1 January 20191 In twofeT9nce lo tha Am)untiThJ and Reporting by ChBrlUe8: Slalemenl of Recommgnded Pracuce IB8ued on l Aprll 21)05 wNch18 refeffe(I to In the 8xtsnl rogulalon8 but h98 now been wllhdrawn. Th1$ has been done In order for the flngnclal 8tatement8 to provklo a twe Bnd f8fr vlew in 8ccordane8 with cuNenl U8• of our r•port Th18 report is mode 8e4ely lo Iho comp8ny'8 mtrmbgrs, as 8 t￿￿y. In AC￿dAnC0 wlth section 391 of the Companles Ad 2014. Our audll work has been undertaken so that we mlghl stale lo th8 company'$ Memb618 Ihose matters w8 are requ1￿1 to 6tato lo them In an audllorfs report and for no other purp08e. To the fulle8t extent p8mKted by law. wo do not accept or a$¥umo resP)nsib￿lty to anyone other than the company and the c￿npanY'S member3 88 4 r audtt trthls rekrf or (or Ih& oplths we have ￿r￿1. ElIz8￿th Noodham ACA CTAIVATI IS•nlorStalutoryAudltorl forathd on bo1￿11 of K•ndall Wadl•y LLP 2 kxr24 Chwtsred A¢¢￿nt￿n(S StatutNy Audltor Gr8nla Lodgg 71 Gr8hamRoad Malvem Worco8tathke WR14 2JS K￿d&ll Wadley LLP f8 for wolnlrn8nt as gud61oT of Ihe P.C.C. ty ￿rtU9 of Its el13t￿lIty for apwntm8ni 88 audltor of a company under 88don 1212 ofthe Compan188 Act 2(￿. 14-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Curront flnancial year Unrestrlctod Unrèstricted ReBtrlcled Endowm6nt funds fund$ nds funds gonoral de8lgnat8d 2023 2023 Totsl Total 2023 2023 2023 2022 Not0& come from: Voluntary income Incoming resources from charitable activltles Actlvilies forgeneraung fvnds Inv88trnent8 266,012 255 208,542 474,809 330,602 6,151 ,805 177,439 4.699 16.812 6,045 12,475 14,326 2,486 Totsl Incomé 341.691 255 217,179 559,125 532,581 dlture on: Ralslng fund6 3.124 3,124 3,765 Charltable 8¢UvlUe8 334,152 18,572 197,932 $50,656 549,144 Total rgsourc oxpondod 337,276 18.572 197.932 553,780 S52,￿9 Nel gaSnsl{losses} on Investments 14 31,007 2,137 6,281 39,405 {41,0351 Met In¢omlngl{ouigolng} resources bafor• tran8for8 35,422 1183171 21J84 6,261 44,750 161,383} Gross transfors betr￿￿n funds 15 {6,494J 12Z,1701 Not movtrmènt in funds 41.7&) 124,811) 43,740 115.9091 44,750 {61,￿} Fund balar￿￿S al 1 Jat)UBry 2023 101,143 315.061 150,677 92,057 658,938 720,Y21 Fund balances at31 December 2023 142,873 290,250 194,417 76,148 703.688 658,938 The statgmgnt of financlal actfvllJ88 Includes all galns and108896 r8cogni8ed In th8 year. The statement of fln8nclel actlvltles Indud&8 811 gain8 and losses rwlsad In the year. All income and exp￿dItUr6 dedve from c0nllnul￿J activ￿les. 15-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YE4R ENDED 31 DECEMBER 2023 Prlor fln•ncl81 y Unrestrlcted un￿trIcted Ro8trlct8d Endowmont fund$ fund6 lund8 general do81￿)81ed 2022 2022 Total 2022 2022

)22 Voluntsry irKome Iwmlng resw¢08from charitable achvrdes Actlvlties forggner8Yng fuNJ8 Inv8Btm8nts 2￿,932 75,670 336,602 77,656 6,045 11,303 97.799 177,439 6.045 12,475 Total Incomo 355.936 1,984 174,841 532,561 Ralsin9 fuThJs Ch8rtt8ble a￿VItieS 333,799 58.225 15r,120 549.144 Total resourc￿ •xp•nd•d 337￿64 S8,225 157.120 Net galn31{lowe81 on Inv68bnents 14 128,9541 12481 111.8351 141.035) Not Incomlnglloutgolngl rnsourcos befor6 tr8n8f•rs 110,582) 156241} 17,275 {11,8351 161,3B3) Gn>ss travth be￿n ffiJnds 15 {82751 118.Wl 27.267 Nal movoment In fundo 118,8571 175,2331 44,￿2 111,835) (61.3831 FuThJ bJLgrvx8 al l J8nuHry 2￿22 120,OLTh) 3W.294 106,135 103,892 720,321 Fund at 310oc•mber 2022 101,143 315.061 I￿,6￿ 92P57 658,938 The 8tat8ment of flnancl81 acUvlUe8 Includ08 dl galn8 and108sgs rac09￿Sed kn the ye¥. Thg st8tWn￿I of finani?818thI0e8 Indth all ￿n3 and It￿888 twlBod yggr. All ￿0m9 and ex￿nd￿V derhe from (Y)ndnu1￿ ￿tivi1188. 18-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN BALANCE SHEET ASA T31 DECEMBER 2023 2023 2022 Noto5 Flxod assets Investments 18 513,534 474,130 Currènt 888et8 Debtors Investments Cash at bank and In hand 18 15,136 176,568 32,667 58,358 144.612 76,192 224,371 279,160 Cr•dltors.' amounts falllng (lue wlthln on& year {34,2171 {94,352} Net current a85ets 1￿,154 184.808 Totsl 8$8•ts1•ss eurrnnt Ilabllltlos 703.688 658.938 C8plt81 funds En(k)wmentfund8 Income funds Restri¢ted furKI8 76,148 2,057 194,417 1S).677 Dgsignaled fvnds G?n8ral unrestrlct8d fund6 2902 142.873 315,081 101.143 433,123 416,204 703,688 858.938 The accounts wèro approv8d by theT￿8t￿ ￿ 2 Aprfl 2024 Roverend R C(*ke Trustsè 17-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flows from operallng actlvltlos Gash absorbod by op8rBtlons {28,3811 14,5851 Investlng act5vltieg Purchasè of Invesfrnents Int&rosl ro¢wved 131.956) 16,812 12.475 Net cash (used Inllgenorated from Inyestlng actlvltlos {15,1441 12,475 Net ca6h usod In flnanclng a¢tlvltle6 Nat Idèera88•yln¢roasg In cash and cash equlvalents {43,5251 7,910 Cash aNI cash equivalents 81 beginning of ￿ar 76.192 66,282 Cash and cash oqulvalents at end of year 76,192 18-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AccountSng pollcles Charlty Infmatlon Th8 Parochlol Church Councll of the EcGleBlasllcol Parish of Salnl Mary and S8inl Mlch8è1 Great Malvern 18 an uni¢orporaled charfty rg91s¢gred wKh the Chaflty COMMIS￿On for En&land and Waioy. The PTindp&l 8(kJTesB18 The Parish Office, Church Str891, M8fvgm. WR14 2AY. The account8 have begn prepared In accordance wlth the Church Of EnglBnd MeBsures lthe PBfocthlal Church counc4￿ (Powers) Measur8 19556 as amended and the Church Repre8entaUon Rule8}. the Charlll98 Act 2011 and 'Aocounling and Reporting by Charbties.. Slalemenl of Ro¢orllmended Pi4¢tlce applicable lo charibeB proparlng their account8 In occrxdanco wlth the FSnanclal R6p(KUng Standar(l applIcat￿e in the UK and Republle of Irél8nd IFRS 1021.los amendéd for accounllng pertod8 commenclng from 1 January 2019). The P.C.C. 18 8 Ban8fi1 Enuty as (leffinwj ty FRS 102. Th6 ffin8r￿1 Stat￿nant8 havg departed from the Charttl8s {Accounts and Reports) Regulatlon8 2008 only lo the extgnl wulre(I to provldo a true and falf ￿ew. Thls departure has Invofved followlng the Slalemenl of Recommended Practice for charfJo8 applylng FRS 102 rather thon the ver8lon of the Statement of Recommendad PrActice whlch18 raferred to in the Regulallons but wNch has sh￿0 bogn ￿th￿￿1. The finondal 8tot8menis ore wopared In st￿￿3. wtrlch [8 thg fUr￿lIOns1 of Iho P.C.C.. Mmetsry The accounts have been prepared under the h16torfc81 ¢onvonUon, modlfled lo Induda c&tsin financlob In8tNm8nts Bl folr vBlue. The prfnclpal accountlng polbd86 adopt￿ are Bet out bglow. 12 Golng conc•rn At the lime of ￿pI￿V￿g the financ181 st8tem8nts. the Tnjstees have a rnawnatde expectthn that the P.C.C. has ad8quats resource8 to In oper8ti¢)nal oxlsten¢& for lh& foresaeable fulurg. Thu8 the Twst888 conUnu8 to adopt tha going concgm b8d8 of accounting In proparing th& fina￿[al statom9nts. 1.3 Charltable fund UnTeslricted ￿n￿8 are avaikble for 81 the (18wlIC￿ of th8 Tru8te8B In ftNtherance of th thaiilab Designat￿ fund8 (>)mtNlse fiJrK18 hav8 88t 88kl8 at iho d18cnllon of tho Tru8te98 for sp8cIflc purposes. Thg purposes and uees of the deslgnated fund6 are as d6sclbed In th& note8 10 tho ffinanclal 6tatements. Ro8trtctgd furK18 8r8 to ba usgd for specfflc purrM)89s a$ labd do￿ by the dor4Jr. EX￿ndlIUr8 whlch meets ih88e criterb818 to tho fund, I￿&￿er￿¥th a falr allocakn ol mgnagomeni and support The income from pemianenl endowment81s used In accordan￿ vAih tho Inlgntton8 of the donor8, a8 far a8 thay can be ascertalned. 1.4 Incomlng mourcos Income is recognlsed vhwi th8 P.C.C.181O￿ enllU8d tr) ￿ 8ft8r any oJxlitiO￿ have ten mgL the arr￿u￿13 can ba measured rellabty, it is probablè that kn1￿Me v4lN ￿ r￿fved. Cash Lkn&llc￿8 rorx)gnlsed on rocelpt Cther donollon8 are recOg￿$t)d orKe the P.C.C. h48 ba8n nollhe(I of th8 donallon, unless porform8n¢g condltion8 roqulro dgfeKTrl of th9 amount. IrKome tax recover8ble In ralatton lo donaUon8 focL4fved und¥r Glft or deed8 of cov8nanl Is 18cognlsed at the ￿me of Iho donation. 19-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 AccountSng poll¢lo1 (Contlnuedl L￿adaS are recowi8ed on rec8lpt ¢X 01h8￿8$ 11 th8 P.C.C. h88 b8on n0vfi￿1 of on knpendlng dlstrlbution, the am￿￿1 58 kn￿￿. ￿ receltrt l# expeded. If I￿ is not known. the legacy 18 trgat8d 08 a t))nllngenl 8SSg1. Re8lis&d g8lns or losses gre recognl88d when inveslmenlB are sold. Un￿81￿88d galn8 or108808 are accounted for on revalu8tlon of inve8tm8nts at mld-mafket valu8 al the ygar 1.5 Rewur(¥8 oxp•nd•d ExpendItU￿ 18 rgcogn18ed once there 18 a legal or construclive oNigallon to transfyr 8conomlc bonefft lo 8 Ihlrd party,1118 probable that 8 tran8fer of èconomlc ben8flts VAII be r8qulred In 89ttlemenL and the ary￿￿nI of the obligation ¢an b& mtsasurod rellably. Expandlture Is das￿lIad by activity. The c06t8 of each actlvlty ar8 made up of th8 lotsl of dlrect costs and 8h8r8d costs. Includlng gJprK)rt CO8ts Invo￿ In underta￿rI￿ each acuvlty. Dlrecl attslbutabl8 to a SI￿18 aclmty 8rfj 81th81ed dlredy to thal aclfvlty. Shared CA)sts contrlbule to mor8 th8n one acbvty and 8UPPOrt Costs whlch arg uot atlrfbutablg to a siryle fjdvlty are apportIon￿ betsveen those actmtles on a consi8lent wlth th8 use of r880urce8. C8rilral staff costs oro allocated on the ba￿8 ol Ilm8 spent, and depreclallon charge8 are allocated on the porlion of the a88¥t's use. lo bo p81d to thè t￿0￿• In fJ)nne(JJon wlth Ihe parlsh shara arg awjjunted for 88 pakl. 1.0 Flxed asset Inv•8tmonts FIx8d a8601 Investments InllBIty M￿sUred al transaction PTko oxdvdlNJ tran88Ctkin c08ts, aNI are subsequ8nUy MeaSu￿d at falr value 81 each reportlng date. Chang96 In talr value are recognised In th& Ststemenl of Flnanci91 Acllvlues for th8 year. Tran8acllon costs ara &xpèn80d as IneunBd. 1.7 Cash and ca8h equlvaknt8 Cash and ca8h oqufv8lerLts ¢88h in h￿. dopodb hekl al can vAth b￿ks. aTrJ 0th8r ShOrt4e￿ IKiuh Investments wtth orfglnal m&bJrftle8 oflhre8 monlh8 or I￿. 1.8 Flnanelal In8trumonts The P.C.C. h8$ alected to apply the provisions of Section 11 'Ba81¢ Flnanc6al In81rumènls' and Seotl(M) 12 'Olhei Finan¢lal InstrLtments l$su&8' of FRS 102 10 All of Its financial In6twm8nts. FlnancLql Instruments are r8coJnlsed In th8 P.C.C.* bal￿ she&t th8 P.C.C. bOcWn￿ party to th contractual pro￿8￿OnS of the instrument. Flnanclal a888ts and IlabllKl&8 ar8 off891, th6 nol aM(￿nI6 pro8antgiJ In the Inanclal stalem8rts, when there Is a legally enforceable rfght to 8el off the r6cogn188d amounts and thore Lg an Inl8nlk)n to settle on a nel basls rx to re81188 the assgt and sallle ihe Ilatmllty slmultaneously. Baslc flnanclal assets Basic finandal a889ts, whlch Include debtors and cath and bank bal￿6. are In￿￿ty m8a8ured al transaclion prfce Including IranBactlon costs and 8re subsequgnlty carded 818morllsBd c08t ￿￿n9 the effedlve Interest. Flnanclal assets olasslfled as r8celvablo wlthln one year are not amortÉs8d. -20-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Ae¢ountSng ￿4￿cleS (Contlnu•d} Baslc Ilnanclal IlablllU•$ Baslc financlol Ilabllltlos. Includlng credltors are InlUolly recognlsed 91 transacuon. Flnanclal IlabllS1188 cla881118(1 as payab18 wllhln one y8ar ar8 not 8morU8ed. Amount8 pay8blg are da891fi8d a8 current l8bllblieB ff payrrtht Is (kkg %￿lh1n one y&¥ tt leB8. If Th)1, aro pr6$9nted 88 n￿￿¢)J[lOn1 Ilablllllo8. Dor￿n1(10n of Ilnanclal I1￿￿11￿& Fln8nclal Ilab1111168 aro d8r8cogn18ed whèn Ihg P.C.C.'s ¢ontr8¢iual obligaflons oKplTg or are dlscharyod or cancelled. 1.9 Enyloy•• b•n•llts The cost of any unused hthjay antiuemenl is recognr6ed in the ￿rfod In whlch Iha émployeo's Se￿CeS arn Nad. Temilnatl¢Jn b8neffts afy re¢ogn18ed Immg¢Ytatply a8 an 8xpen89 when tho P.C.C. 18 demon8trably COMn￿tt8d to temilnate the employment ofan employ06 or lo pmvldo 1emlnats￿7 beneffts. 1.10 Rotlr•m•nt b•n•fft8 Great Mafvem Prfcry PCC IPB2014} pathipates In th8 Pens￿ Bulld&r Sd)em8 88clk)n of CWPF for lay 8taff. Tho Sch8mg 18 admSnlstered by th8 Chu¥ch of England Penslons Board, whlch holdB the assots of thg schgm08 separatoly from Ihoso of the Employar and the other partlclpaung omployer8. Th8 Church Workw8 P￿¥lon Fund h88 a S￿n known 08 the Deflned Benefflts Schwn8. a dgfetygd ann Section knc￿￿ 88 Pension Bullder Cla8dc and a (￿Sh balwth 8eclk¥) krKJhm 88 P￿81(￿ Buwder 2014. P•n$lon Bulld•r Sth The Penslon Bulld8r Scheme of the Church Workers P8nsion Fund 16 mad8 vp of two 8ecllon8, Pen8lon Builder ClaB8lc and Pen81on Bulld8r 2014, both of wh5ch are ¢la8s8d a8 d&flned 8chem66. Pensk>n Bullder Classlc provld88 0 [￿nsIOn. acwmulaled from conlrfbuuons pald and Convort￿ Into 0 d8f8fred annulty durfng omploymont based on lem18 801 and revl6wad by the Church of EnglBThJ Pgnslons Boar(S from time to ljrn. Dl8crellonary Incr8aso8 019) bo th1￿1. deF4ndlng urth tho In￿sIment rnlum8 and other factor8. Penslon Bultder 2014 Is a c88h balance schgm8 thBt pro￿￿eS a lump 8um that membefB U8e to provlde ben&flts al rellromonl. P8n81on contrlbutlons are recorded In an account for each membor. Dlsu8Uon8ry b￿use8 may b6 Add￿ b8fDr8 rollremenL dependlng on Inv6stm￿rt I8￿m8 8nd fv faclor8. The US 8ny bonuses declared. is payalAe, Unfyd￿d, from age 65. Thern 1$ 8LHIMslon ofasEets b9trwa￿ In oooh sectton oftha Pension Bulkl8r S(knna. Th8 scherne Is consldered lo b& 8 mulll-ompl¢)yer 8cheme 88 describod In Sedon 28 of FRS 102. Th18 18 because11 Is nol p0861ble lo allrfbule the Penslon Builder Schem8'8 a88e18 8nd 11a￿libe8 10 8pedfK employer8 8nd th8t conlrtbutlons are accountad for as il the Schemg a definad contrlbthion 8th￿. 21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 crftlcol accountlng 88tlmatas andludg•m&nts In Ihe applKxtion ofthe P.C.C.'s accounUThJ polici86, Ihe TnJ819gs are requlrod to make ludgements, estimate and assumption8 8tL)ut th8 anN)unt of asseis and Ilabilities that ar& not readlly appBrenl from other 8wrces. The esllmatss and assoc¢81ed assumpttons arg b88ed on hl8t0ric￿ 8xp9rfer￿ and other lathrs that are consldered to be ￿leVant. Actual raBults may dlff8r from th&8& estimate8. Tho e8timal86 and undgrtylng a88umpUon8 are revlewèd on ongolng b891s. RevlslonB to accounting eBUmates aro recc*Jnl88d In tho podod In whlch tho e811mate Is revi88d wherg th6 r￿slon affects only that . or In the pertod of r8v181on 8nd future periods vthere the revI￿On 8ff&cts both curronl and futuro

li Illlill li

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Incomlng reJourc•s from charltabh actlvlll•s Coil•¢tlng othpr FaGinty 2023 Ch8r#able w¢al Other i1￿)me 4,167 8,156 4.167 6,151 25,415 20,916 I71.￿7 6,151 25,415 20.916 10.323 62,805 1TT,439 Unresmcted fiJnd8- g8nerdl R881rfctsd fund8 25.415 20.918 10.323 8,151 6,151 6.151 25,415 20,916 10.323 2.805 For the year and•d 31 0￿0mb•r 2022 Unrestricted lund8- general Unreslri¢t8d kmd8. des¥Jnated ReBlriGted fvN18 25,848 15.015 77,656 97.793 97,799 97,799 25,848 38.777 15,015 177,439 Adetailed Ii8Ung of restrkled Income 18 glven In fh)te r3. 2023 2022 V¥lous Offerings Other donation8 w￿ldIng$ and funerals Messy c1w￿h 247 2,270 612 3.144 3.915 61 3,337 Furtherancg of b811ri Floor prol8cl Vl(xr8 DL8crelk)nary StAnn8'8 R￿rf A￿0 v￿ 16,585 125 6,151 97.799 -24-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ActsYitÉg$ for generatlng funds Unrestrlctsd Unreslrfcted fund8 funds genéral gOTwal 2023 2022 Malvern Prfory Magazln8 knveBknents Unrnsttlctod Restslcted fund$ fund8 general 2023 Totsl Unrestrfrted Re8trict8d fund8 genèral 2022 TotBI 2023 2023 2022 2022 Incom8 from li51ed Inveslmen18 and charfles funds Interest rec8fvat￿8 11,660 2.666 823 12,483 4.329 fO,415 873 11288 1.187 14.326 2,486 16,812 11,303 1,172 12,475 Ral8lng fvndB 2023 2022 Tradln Magazlnè. dlrecl costs 3.124 3.765 3,124 3,765 25-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Charltablo actlvlU08 CharftalAo Costs of obloctlv mlnl8tsy 2023 22 staff c¢)818 Various prol6cts Ibr&akdown on noxt pagel Mlnlsty- dloceson parfsh share Clergy o)sts Chur( running eyne88 Churth men Cost of S￿￿e&S MlscdlanecNJs {SnchJdlr¥J room lknl Youth and Chlldren'8 Promot1￿ and ()JIr8￿h Mlnlsty support f￿d Altar supplie8 and kn￿r8 Olhar cosis 115,142 115,142 216,639 73,77Y 238 69,498 21,395 109,0fj7 204,934 72,331 1,463 53,695 20,056 216,639 73,777 238 69,498 21,395 1￿75 1295 1.575 230 12711 (2711 1278 216,639 295.024 511,863 S)2,336 G￿l￿1ndIng of acOvll881908 note 9) 18,320 18,320 19.020 Surv)rt ¢¥J8ts {$89 n(A8 11} Gov8manc8 cos18188a noto 111 14,778 14,778 23,208 216.839 334.017 ￿.65@ 549,144 Analy818 by fvnd Unreslrfcled funds- general Unre8iricted fund8- destgnaled Reslrlcted fundo 334.152 334.152 18,572 197.932 18.572 198,067 135} 216,63g 334,017 550,656 For tho y•arendod 31 December 2022 UnrBslrfctod funds- ￿er81 Unrestrlcted funds. fl8svJn*wJ Restricted fuThJ8 51,625 153J)9 58225 157.120 3011 204.934 344,210 549.144

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charttabl• actlvltla8 ICcAWnu•d) anaW8 ofvarious ploi￿ts folcAY Vwlou• woJoct• 2023 Offertng8brffted Chrf81mB8 outreach Bnd welcx)me d8y8 Churth hou8e renovallon and r&purposlng co8t8 Church re81orailon costs Other co818 Weddlngs and f￿raL8 Mo88y Chuwh L￿8th 3,422 102 411 2.491 3,153 Pirory 18A48 13.120 119,298 $9,496 S0.(Y25 7.fft15 6,432 92,470 30.088 Cr88lbn Imndryw stAnne'8 Roof Audlo Vl8ual Organ Tecltal8 216.639 EX￿n&e9 relotlrvJ to CTe8tlon Windrm St Anng'8 Roof have (x)Ve￿￿ by gMts recalved from Th8 FI1￿ of Malvem Pth 8NI oxtml gr￿. Grants payabl• 2023 2022 Grants to ￿&t￿tIon￿. cms clos￿[n￿6 CPAS Tearfvnd BIb￿ S¢Jty ChrfsUansAgalnst Pov Other grants <£1,000 2.000 2.OQO 1,185 1,185 1,185 iooo $25 2.000 1.285 525 C8re for the F Scripbjre Un Cwe Tnjst Open DL￿6 Fd8nd8 of Mar8￿1 Mig$lonA￿atson Fellow8hlp Mos&ic Middle E98t 1.185 1,185 1,285 1285 1,185 2000 1,185 1,285 2,000 18.320 19,ffJJ -27-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 TruBto R6v'd R(Kl C￿e rncdved rB-imburwl oxp8nW. totsllkw £236 In the y8ar12022 - £nlll. other Trustogs Imbur8ed exp￿￿86 totaw £2,35312tr22. £Th1). In addillon, one employ8es Is a close famlly member of a Trustee. Thdr empkJym8nl rKeceded thelr lamlly momber becomlng 8 Tnjstee. Other Trustees or person8 relat8d to them May recelve occa8lon81 pold work. Amounts pBld Sn rogp6cl of 2023 were: P6918 Mwffl, hu8b&rKI ofTruste6 Gllty Maxim £14,552 Nooth8rTnMt888 lor any par8on8 Ihem) any remur￿￿On thriTrJ Ihe yw. The PCC has an agreod polky on Payments to TnJ8¢8e8 whèreby potenual c￿flICts of Int8YosI of8 kl￿fir￿d an(1 managgd through a Reglsler of Intsr881s which18 comweted $a¢h year by all Tfustees. 11 Support co#ts Support Governan 2023 2022 8aslB 01￿10¢￿n staff cosis Office c08t8 S￿)￿p 1.875 1,875 6.802 5,236 1,625 TIM8 spgnl 15,625 Charltable actlvmos 5.370 2213 6.6￿2 5236 Audit fe88 Accourrtancy 1&20 455 Govemar 14,778 5.895 20.673 27,788 Analysed b8fvM8n Ch8ritsblo ￿tI¥ll1&S 14.778 27.788 Govemanca COBt6 Includes paymonlg to the audltor8 for audR fe88 a8 8h¢)wn above. 12 Enwloy•o# 2022 Number Number IAlnlsty and

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Employ (Contlrtuadl Employmant Costs 2023 2022 Wage8 and 8alarie8 Soclal stscurlty costs Otherpen￿On costs 104,547 3,135 9,335 99,￿1 2,420 8,671 117,017 110.692 The above numberof employaas r6pmsènts 512022- 51 fvll Ume equivalent poslllons. No12022- no} gmploy908 are In iocelpl of remunarafjon In exce88 of £60,000. 13 T￿atron The charity is exgmpl from taxaUon on118 a(alvitios be¢au88 all Its Income Is appllod for ch8rflable puryK)888. 14 Ngt galn$l{106so$} on Inv06tmgnts Unrestrlctod Rothctod Endowment funds funds funds Total 2023 2022 Rgvaluatlon of Irtvestmnts 31,007 2,137 6261 39.405 (41,0351 Forlh• yoor gndgd 31 De¢•mber 2022 128,954) (246) 111,8351 141,035} 15 Transfgrs The tran6feTS b&￿en Restrfded Funds onrl UnrB8tricted Funds repTesent support glven from the general fund to tho gpo¢Jfic ￿tIVIties for which rethcted funds have ba￿ rg¢elve(J, together wllh a rele&8e of £6,494 prevlousty d8svJnateLI for us8 by the Minlsty Support Ful￿ whith is no longer required. The charlly has bg8n advlsed by fhe Wor¢esl&r DI0(￿Se Board of Flnanc8 that tha beqts&8ts re¢elved from B. Woodyatt a￿ not pem￿nent endowment fvnds and a transfer has been made to ro¢lassify the funds a8 restrlcted £22.170.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 DECEMBER 2023 16 FIX￿ 488•t Inv••tmont8 Ca6h In P￿trollO charl￿?8 Funds Total In￿•1M9nts Cost or valuatlon At 1 January 2023 V4uatbn chang88 418.140 39.282 474,130 39.404 122 At31 Deoembar 2023 320 55,792 457,422 513.534 Carrylng amount At 31 D￿eMb#r2 55,7¥2 457.422 513,&84 At 31 De¢8mberklY22 55, 418,140 474.1￿) 17 Flnandal Instrum•nts 2022 C￿Ing •mount of finandal 45fj0ts Insljuments m088ured al lalrvalue throivJh profft or Its 457,742 418.338 18 Delknr¥ 2022 Amounts falllng duo wlthln one yw: VAT recoverabl8 GKiMd Other datlorn 10,547 4,593 43,216 3,975 11.161 15,136 19 Currn￿ as8•t InveB¢ments 2022 C88h thp08118 176,588 144.612 Xl Cr¥dltorn". ¥mounts falllng wlthln ya IVA Othertsxatlon and social 8ecurity Accwal8 and deferred Income 1,591 32.628 1.823 92,529 34,217 04,352

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 Retirem•nt bonofrt schon• Dbfinod contrlbutlon $ch•m•$ The P.C.C. partlclpale8 In th8 Penslon Bullder 2014 Scheme 8eclton of Church Worl(er Penslon Fund {CWPFI, delalls of whlch are glven In note 1. The pon8bn ￿1818 1• 10 th8 St8t8merrt of FlnaFKagl ActivMleB In the year wo o)ntrkn Fyat48 In note 12. A valu8Uon of Iha Penskjn Bullder Schem8 ts ¢arrf8d out once every Ihrge years. Tho mo8t recent wa8 C8rfed out BS 8t 31 D&cemb6r 2019. The n9Xt valuouon 18 (lug 88 at 31 Docomber 2022, and Gakulati￿$ 8re curranlly under way. For the Penslon Bullder Clas* sectton, thè 2019 valuat5on rov8aled a defidt of t4.8m on the ongolng assumptlons u88d. At Ihe mosl recent annual rov18w. effedve 1 January 2024, the Board Chose to granl 8 dSscretionary bonus of 6.7% to both pan￿on$ not yet In paymanl and penslons In payment In respect of seryi¢o prior lo Aprf 1997; and a bonus on pgn81on8 In poym8nt In r88pe¢t of post Aprll 2006 serv5¢9 that tha ptsnslon In¢r8a8e w88 6% Iwhere usually 11 would b8 cakulaled based on Inflallon up tr) 2.5%). Th18 followed Improvements In the fundlng posltion over 2023. There 18 no Tequlrement for daft¢lt payments at Ihe current UMB. For thg Pen8lon Bulklgr 2014 89clk)n. the valuatlon r8vealwJ a wrFdu8 of £5.5m on the assvmpuf uwl. There18 no r8qulronwI for doflclt payme¢)ts at tho ￿ThnI dm&. The 18gal 8lruclure of the Scheme 18 such that If Bnolher employer ts118, Malvèrn Prlory PCC could b8come respon8ibl6 for paylng a share of that employerfs p8n85on lia￿11￿98. End(rrnt lund• Endowment fund8 repre8ent a88018 whlch must held parmanonuy by the P.C.C.. Income arflng on the ondowmenl fund8 Can b6 used In 8¢cord8nce wllh the oblect8 of the P.C.C. 18 indudod 08 unrn8trfcted Income. Any c8pltd g￿n8 or losses arf8iryJ on Ihe as8ets forn part ofthe lund. 1 JaNwy 2022 qalns11108wII1 JaThMry 2D23 In￿[0•••1) 31 December 2023 Pornian•nt •nd(Avm FaEMi¢ 88FIow B. W￿att beouo8t 1179 B. W￿dYatt bgquo811181 R.P. Pelly 11KS H.W. Wllllam¥ fvnd 1366 19871 11,9711 16561 (8,2211 7,397 14,773 4,917 61.612 (7.3971 114,7731 16,744 5.573 69,833 5.380 67AIO 103OV2 111mS) 92.057 (22.1701 8.261 76,148 31

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARY AND SAINT MICHAEL GREAT MALVERN NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 28 Capltal comrrdlm•nts At 31 Dgc8mber 2023 the P.C.C. had cornmanced WO￿ on Iwo major caplt81 protscl6, the rongwdl of Ihe rwf of St Anne'8 Chap81 and the restoratlon work of the me(Ileval Creation Window. Expenditure in year on the nKJfamounted to £56,CKN) plus VAT. with a release of ￿te￿I￿ ofcirca £3,0￿ due In 2024. Expgndliure ye8rforthe cr&a0￿ WItMJow was £120.(K>O plu8 VAT, wilh a rdease of rat6nlJon ofclrca £4,0(Kl due in 2024. The cost of the8e tsyo prol8¢ts h8$ b99n cov&rgd m8lniy by grants recelvable, pwlndp81ty Frfends of Malvem Priory togethèr wlth funds from other 8ource8. Additionally, a 8mallèr project to enhance fire Bafely fadllues fortho b8llrlngwB ￿11 rirca £6,000, howof whlch Was payable In 2023, Bnd the remaind8r In 2024. The design preparotlon for Ihe project lo remove ra18ed pew pllnlhs In tha nBve and Install unde￿00￿ heatlng, due to commgnce con$lnJclkJn In 08Ay 2024, h88 CO81 drca £10,(K)O + VAT In 2023. Tha total cost for Ihls projoct. the great malorlty of whi¢h wlll b6 Incurred durfng 2024, ts £275,000 + VAT. A numb&r of grBnt8 have b88n recelved fr(Mn oxiem81 bc%li&¥, but the m8Joilty of thtr fundlrg wlll b& from church lund$. It is antidpal8d th8l most oftho VAT Incurred on theBe Projects wil recov8rable from the Listeil Plaw of Wixslwp Grant sth￿. 27 ROlat￿ party tr•n8acllon• Ther8 wer6 no ijl8¢1058tle related party tran6B¢tlon8 durfrffj the year{2022- none). Ca8h goneratod from op•r8tlon$ 2023 sU￿￿181(d9￿CIl} lortho sw 44.79) {61.383) Adjust[T￿nts fijr.. Investm8nl Income recogn18ed In 8ts1gm8nt Off￿and21 aramues Falrvalue g8lns and losses on Invesbnents 116,8121 139.4051 112,4751 41,035 Movements In wo￿ng capmal.. Dgcr6880lllw889&1 In dgbliKs 43220 ieAJ,1341 136.486) 64,724 12Q3811 {4,565) Analy81s of chang•s In net debt The P.C.C. had no matorlal debt durfng the yow.