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2022-12-31-accounts

Company Re8i5tration No. 08293624 Charity Re8i5tration No. 1150017 Commission Apostolic Trust Limited Report and Financial Statements 31 December 2022

COMMIS￿On Ap05tollc Trust Limited Contents Page Trustees and trust information Report of the trustees 2-13 Independent examinels report 14-15 Statement of financial activities 16 Balance sheei 17 Cash flow statement 18 Notes to the Accounts 19-35

Commission ApostolS¢ Trust Llmlted Trustees and Trust Information Year ended 31 December 2022 Trustee5 Mr J S Salway Iresigned on 14 july 20221 Mr G A Wood (Chairman) MrP Morton Mr S D Theunissen Mr O A 8olorunduro Mr M B larvis Mr5 L M Green Mr S T Sloan Independent Examiners Saffery Champness LLP Midland House 2 Poole Road Bournemouth Dorset BH2 SQY Solicitors Lester Aldridge Russell House Oxford Road Bournemouth Dorset BH8 8EX Bankers HSBC Bank PIC 59 Old Christchurch Road Bournemouth Oorset BHI IEA Company Registration NuM￿r 08293624 Charlty Number 1150017 Principal Office 138 Holdenhurst Road Bournemouth Dorset BH8 8AS Member5 of the Company MrG A Milier Mr 5 Petch Mr T Blaber Mr C Kilby Page I

Commisslon Apostoll¢ Trust Llmlted Report of the Trustees Year ended 31 December 2022 TrustèÈlDirertors Report The trustees, who are also directors for the purposes of company law. have pleasure in presenting their Report and Financial Statements of the Charlty for the year ended 31 December 2022. Other than james Salway (resigned July 20221, the trustees named on page I served throughotjt the year. Objertives ondActivities Prlnclpal Objertive5 The main objectives of Comrnission Ap05tolic Trust Ltd are to advance the Christian faith. to relieve sickness. poverty, and distress to persons in need by virtue of age or soclal or economi¢ ¢lrcumstan¢es and to advance the education whether of children or of adults. Prlnclpal Actlvltles In Order to achieve its objectives, Commission works as a worldwlde family of churches through the followlng activities.. l.Establishing new churches and Caring for established churches 2.Organlslng conferences to encourage and envision individuals and church leaders 3.Training individuals lor Chrlstian service in the church and community 4.Stren8thening relationships and developing apostolic leaders both in the VK and abroad S.Working directly wlth or supporting projetts helpin8 the poor or those in hardship Achievements andperformunce Overview Commission is an international family of churches working togethei to start and care for churches, and to impact the comrnunities which those churches Serve. We have a vision to see thousands of lives transformed, throuEh hundreds of churches in tens of nations. 2022 meant returning to our normal actwities. We started to meet in person for events and trainin& we able to launch two brand new events,. Kids on Tour and Commission Leadership Conference and we saw the first graduations for two of our new trainin8 course5,' TLM ITrainin8 for Leadership and Ministry) and Goip IGraduate Diploma). We saw a hunger for togetherness as we gathered delegates from across Commission Churches for the first time in two years, since the beginning of the Covid-19 pandemic. Delegates were able to enjoy times of fellowship, encouragement and envisionin8 at 8atherin85 like Amplify, Prayer and Fasting and the Leadership Conference. These gave us the confidence to launch bookings for our new annual festival which has now been renamed The Commission Festival and will have r(s debut in August 2023. Review of the yearfs activities Éach of the five Principal Activitie5 of Commission are outlined below with 5ignilicant achievements for 2022 noted. Page 2

Commission Apostolic Trust Limited Report of the Trustees Year ended 31 December 2022

1. Establishing new churches and caring for established churches

A vital part of the work of Commission is largely unseen but is the ongoing and vital care of churches which is achieved through our Commission Hub Team, formed from members of the apostolic core team and wider leadership team of Commission (see below), supporting church leaders through providing training, advice and coaching and speaking at various church meetings throughout the year.

A review of how we continue to and the best ways to support churches was launched in September 2022 and we expect the report to be available in early 2023. Following a number of significant staff changes within the Commission team and considering other changes and challenges brought about by the Covid-19 pandemic, the UK Leadership Team was reshaped and resized by Guy Miller.

This support moved to almost exclusive online support through the pandemic, providing much needed support to church leaders who were required to operate church life in unfamiliar and difficult ways. Most churches moved to online delivery of church activity including Sunday and mid-week meetings.

As the immediate lockdown restrictions in the UK were implemented, we set up a number of additional support meetings and groups to help churches adapt to the new ways of carrying out their activity. We developed guidelines for running online church and provided technical support for churches. Our Pastoral Assistance Programme, available for all Commission eldership teams and their families, has continued to provide additional well-being support and access to counselling services. In 2021, we saw engagement with the programme double from 6% to 12%. This was a total of 19 callers to the helpline. The number of people accessing the free counselling also doubled to 8, with an additional 48 users of the app.

As noted above, our international church family continues to expand with a rapid growth in church numbers in South Asia through the adoption of existing churches. Our international family was similarly impacted by the lockdown restrictions imposed by local Governments. Notably the churches in South Asia and the Philippines were significantly impacted and a crisis relief fund was developed to assist with the immediate needs (see below).

Local leadership continues to be developed by the UK and International Leadership Teams (see below) and continued efforts are being made to train and develop national leaders in order to sustain the ministry of starting new churches.

2. Organising conferences to encourage and envision individuals and church leaders

2022 was very much a year of restarting for Commission. Particularly in the UK. We had the opportunity to relaunch some of our regular events from pre-pandemic and were also able to launch two new events during the year. Some of the events we delivered in 2022 are:

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Commission Apostolic Trust Limlted Report of the Trustees Year ended 31 Dettmber Z022 Establishing new churches and ¢arln¥ for established churches A vital part of the work of Commission is largely unseen but is the on80ing and vital care of churches which is achieved through our Commission Hub Team, formed from members of the apostolic core team and wider leadership team of Commission Isee below), supporting church leaders through providing trainin& advice and coaching and speaking at various church meetin8S throughout the year. A revSew of how we continue to and the best ways to support churches wa5 launched in September 2022 and we expect the report to be available in early 2023. Following a number of s18nificant staff changes within the commission team and considering other changes and challenges brought about by the Covid-19 pandemic. the UK Leadership Team was reshaped and resiled by Guy Miller. This support moved to almost exclusive online support through the pandernic, providing much needed support to church leaders who were required to operate church life in unfamiliar and difficult ways. Most churches moved to online delivery of church activity including Sunday and mid-week meetings. As the immediate lockdown restrictions in the LIK were Smplemented, we set up a number of additional support meetings and groups to help churches adapt to the new ways of carrying out their activity. We developed guidelines for running online church and provided technical SLPPOrt for churches. Our Pastoral Assistance Programme, available for all Commission eldership teams and their families, has continued to provide additional well-being support and access to counselling services. In 2021, we saw engagement with the programme double from 6% to 12%. This was a total of 19 callers to the helpline. The number of people accessing the free counselling also doubled to 8. with an additional 48 users of the app. As noted above. our international church family continues to expand with a rapid growth in church number5 in South Asia through the adoption of existing churthes. Our international family was similarly impacted by the lockdown restrictions imposed by local Governments. Notably the churche5 in South Asia and the Philippines were significantly impatted and a crisis relief fund was developed to a5515t with the immediate needs (see below). Local leadership continues to be developed by the UK and International Leadership Teams Isee below) and continued efforts a￿ being made to train and develop national leaders in order to sustain the ministry of stsrting new churches. Organlslng conferences to encourage and envision individuals and churth leaders 2022 was very much a year of restarting for Commlssion. Particularly in the UK. We had the opportunity to relaunch some of our regular events from pre-pandemit and were a150 able to launch two new events during the year. Some of the events we delivered in 2022 are: Amplify- This was our first event in 2022 and first in person event since the pandemic. Amplify is a gathering primarily for Elderships Couples and all those with significant leadership responsibilities within our UK churches. We had a very successful event with over 200 delegate5 booked into the 2-day event, with guest speakers and evening entertainment on the first day. There was a lot of positive feedback from delegates who felt blessed by the opportunity to relax, have fun and be spiritually fed at the event. Kids on Tour-This was a brand new event for 2022 focusing on what we had to offer the children of our churches. The vision came out of a recognition that a lot of the children across Commission Churches might have missed out dLe to the cancelation of our annual festival and the impact that Pa8e 3

Commission Apostolic Trust Llmlted Rèport of the Trustees Year ended 31 December 2022 the pandemic rnight have had on their local church. 5 sessions were planned to take place in five different locations acr05S the south of England (Woking. Winchester, Chichester. Bournemouth and Honitonl Unfortunately, due to low numbers for the Chichester instalment, that had to be cancelled. The event was well received by the delegates, their parents and the Commission churches who were able to send young people to the events. Commlsslon Prayer & Fa5tin8 - Having been the last in person event we hosted in 2020 befo lockdown in England, it was a joy to meet again for 2 days of praying and fasting in March and again in November 2022. We gathered over 130 delegates booked into both events which were hosted by Welcome Church in Woking. An online option was made available for those delegates who having already booked into the even¢ were unable to be present at the event due to illness. Commission Leadership Conlerence- This was a brand-new event launched in 2022. It served as a gauge for delegate5 appetite for large gatherings particularly after a long time of not being able to host such events. There were ovei 400 delegates present at the event which was made available for people to attend in person, or online both in the UK and oversees. The Conference provided an opportunity to worship, and received great teaching on very important. relevant, and timety topics. Commission Kids webinar- This was an online event for gathering those who lead and work with Kids across Cornmi55ion Churches. for equipping and envisioning. When run, this has Eathered an average of 20 delegates. Commission Students and Thirties {CST) - This event was last run in 2019 before the Covid-lg pandemic. The event was relaunched in 2022 and gathered over 230 delegates. Delegates got the opportunity to worship together and attend seminars on topics relating to university and worl relationships and parenting as well as personal interests. Tralnlng Indlvlduals for Chrfstlan servlce In the Church and ¢ommunlty In 2020 a11 of our 5Ulte of training courses changed. and we launched new courses to replace all the existing Courses. These have continued to be successful with increased Interest across the board. With new cohort belng added in each year, September 2022 saw our largest intake of students for most of our courses since the initial launch. The take up and interest in the COLtrses has been very encoura8in8. READ- this one-year part tlme course is aimed at helping people learn how to read the Bible more effertively. accurately. and devotionally. An interactive online course. 9 students enrolled onto this course in the 2021-2022. Commission Intern Year- this is a one-year internship for individuals which consists of serving a local church and attending TFL courses Isee below). The stL¢dent5 are also gathered for three-day residentials. four times in the year and once a month for a zoom call. 9 students are currently enrolled on this course. Level One - Theology for Llfe this one-year part time course aims to increase theological understanding of the core doctrines of the Christian faith. 20 students are currently enrolled onto this ¢our5e. Level Two-Trainin8 for LeHder5hip and Ministry ITLMI-this two-year part time course aims to teach on the practices and theologies that make us distinct as a family of churches, and to train in leadership. Page 4

Commission Apostolic Trust Limited

Report of the Trustees Year ended 31 December 2022

scholarship.

In 2022, Commission offered a scholarship option for our level 1-4 courses to help those who may struggle with the financial cost of theological study. These scholarships will replace the Priscilla scholarship scheme. 7 scholarships were awarded for students enrolling onto courses in September 2022.

4. Strengthening relationships and developing apostolic leaders and vision both in the UK and abroad

As Commission has developed over the years, the leadership team have been able to express and develop the vision and direction for Commission for the future. In April 2016 a vision statement was developed for Commission ‘to see thousands of lives transformed through hundreds of churches in tens of nations’.

A strategic change programme was launched in the UK based around four key elements SEND, UNIFY, RELEASE and EQUIP. This programme known as SURE was launched in 2016 and came to an end in 2021.

Throughout the life of the SURE programme, we implemented a number of wide-ranging changes across a variety of arears of Commission life. These include providing resources for churches, including the launch of a Digital Resource Hub in the UK which has over 200 users and 300 resources available to download and help leaders, administrators and ministry leaders across all areas of church life.

Following the work carried out within the SURE programme, it was proposed that Commission needs to focus on priorities such as multiplication and release of Ephesians 4 ministries and apostolic teams, sustained attention on leadership care, support and development, and pursuit of the apostolic priorities of reaching the unreached and ministry with the poor.

There have been a number of efforts made towards this, including a restructure and review of how the UK Team functions and how it relates to the international team, the role of Vinu Paul as an Apostle alongside Guy Miller within Commission, a review of the Hubs and Clusters with suggestions around how they can be restructured and how we can better connect Commission Churches to the apostolic teams.

Commission strongly affirms that we are a church family, and so time is given through our events and care of churches to develop strong relationships. Often this is achieved through working on joint projects together. We are currently exploring developing connections with church leaders or potential church planting areas in several nations including in the Middle East, Far East, Latin America and the USA.

5. Working directly with or supporting projects helping the vulnerable or those in hardship

As noted in our charitable objects, helping the vulnerable and those in hardship is a key value which we work hard to implement through a number of projects in our local churches and jointly as a family of churches.

As in 2021, we continued to make use of the crisis relief offering taken up specifically to support those negatively affected by Covid. We continued to support those in need particularly in India.

For a few years we have been running a Church and Community Transformation programme in India, in partnership with a local NGO, EFICOR. We were able to begin the final phase of this programme by launching a ‘training of trainers’ part of the program in 2022. The programme has continued to have

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Comm15￿0￿ Ap05tolic Trust Limited Report of the Trustees Year ended 31 December 2022 significant irnpact on the communities where it has been established and run. We hope to see the impact of this pr¢gramme continue to grow and hope to launch similar programmes in other locations. We hold a crisis relief fund as part of the annual offering to use as and when crise5 develop so that we can respond quickly when the need arises. In all of the above activity, the focu5 remains the same.. starting churches, strengthening leaders, raising up indigenous leaders, caring for those who are vulnerable and in poverty and going to areas of the world where the Christian faith 15 not expressed or known. Overall, we hope that the impatt of our work is increasing in the communities that our churche5 serve both in the UK and overseas. Through our partnership with local churches, we believe Ouf work together is making a real difference to the lives of many. Other activity.. Communl¢otlons ondresour¢es Commission has maintained a regularly updated web51te which is a central point for resources. event bookings, media archives and information about Commission. This website has valtsable resources in all areas of our work including a focu5 on the updated vision and strategy, as well as information about upcoming events, our training courses and a regular blog. A regular social media presence has also been maintained primarily using the Instagram and Facebook platforms. There ha5 also been a reasonable amount of Commisslon branded material produced which has strengthened our brand identity and unity throuEh our vision. Our Digital Resource Hub has been a helpful source of information for many of our churches and has been place where churches can share useful resources. Communication is a vital element in unifyin8 our churches to our common aims and values and we will continue to ensure we pursue excellence in this area. Opemtlofts Throughout the year the administratwe team along with the charity dirertor5 continued to work hard to ensure we have robust policies and proceitures in place to help achieve our long-term objertives. We have developed strong Internal systems of administration. finance, risk management and governance throu8h the implementation of an operational framework. Impact of the Covid-19 pandemic During 2022 we fe￿ the impact of Covid-19 le55 a5 many of our artivities began to return and we were on again able to meet in person for events and trainin8. Our income has Still been impacted a5 3 consequence of the pandemlc. This has been malnly be¢au5e we have not been able to host our annual summer festival where in addition to ticket income from delegates, we raise donations through our offering. We eagerly anticipate the laLtnch of our brand-new event'commission Festival, In 2023 at the Royal Bath and West Showground. Page 7

CommSsslon Apostolic Trust Limlted Report of the Trustees Year ended 31 De¢ember 2022 Incoming resources Total incoming resources for the year were £713K durlng 202212021.. £792kl. This income is made up of donations, training fees and event ticket income as well as investment income. Undesignated donations are mainly received from churches either as regular or one-off gifts,. these amounted to £335k durin8 202212021.. £327kl. Donation5 received from our offering durin8 the year amounted to just over £94.5k12021.. £227kl. These included amounts that were donated instead of receivin8 refunds for cancelled events. These fund5 are treated a5 designated funds by the directors. Conference and Training income amounted to £45k during the year12021'. £34kl and includes events such as Amplify. Commission Leadership Conference, Kids on Tour, as well as our leadership training courses. This represents a significant drop in income solely due to the impact of Covid-19. Our overall attivities have reduced since the be8innin8 of the pandemic and despite the fact that we have this year been ab￿ to host events and training again. we are still not back to the number of events hosted pre-pandemic. Additionally, the lack of our annual festival has had an impact on the level of offering donations we have received. Thls is n part because there ha5 not been an opportunity to gather, celebrate and envision members of Commission churches In the same way that we have been privlleged to In the past. Future objective5 Our objective for the future continue5 tts be to expand our regular core activities of raising leaders, stsrting and supporting established churches, ministry with the poor and proclamation of the Christian faf(h. The support of leaders as they continue to lead churches through on-going change and challenges is of primary importance, and we are deliberately investing more time and money on the emotional well-being and rnental health of our leaders and those who work foi Commission churches. Having seen and enjoyed the benefits of technology. we want to continue to run our Global Online events and where possible include Commission Churches outside the UK in some of our in-person events. This will help us continue to remain connected as a family of churches across the globe. We will continue to emphasise our priority of caring for the vulnerable. isolated and in poverty, providin8 for physical, emotional, and spiritual need5. Primarily thi5 happens through our local churche5 in all the nations we work. Leadership training and development remains a key priority given our objective to start new churches in the UK and overseas. Continued investment in our communications as at) organisation will also be a priority as we look to build stronger relationship and unity as a family of churches. Finally, conttnuin8 to build a strong UK administrative base 15 a priority in order to facilitate growth in all the above pursuits and demonstrate sustalnable good practlce as a UK charitv. Grant Moking Policy Commission works with churches worldwide and where these churches are able to fulfil the objectives of the charity more ably, or maintain closer working links with activities or projects, grants a￿ sometimes provided. These are made following a thorough grant application process. Page 8

Commission Apostolic Trust Llmlt Report of the Trustees Year ended 31 December 2022 Our grant management policy and associated procedures and systems was entirely updated in 2019, includin8 developing our online grant application and reporting systems further. This includes categorising the different types of grants and speclfying the requirements for each category. For the categories which require an application, applicant5 are required to submit project proposals including budgets, narratlve summary and InterTrded impacts of funding. Depending on the nature of the grant, mid-term and final evaluatlon report5 are also required as part Of the 8r3nt cycle. including submission of evidence of end point use of funds where applicable. Once received, the team with de￿gated authority for those funds le.8., for church planting) will asse55 applications before being di5CU55ed and agreed in the UK Leadership Team. The Operations team monitor and review plans, evaluations and report5 including budgetary cont¥ols for all applications. Reserves Policy The dirertors review the Charltys reserves regularly in the light of Charity Commission guidance. The directors believe that the charity should hold free reserve5 of between two and four months of the rnonthly operating costs. as it is believed that this will provide sufficient fund5 to respond to any shortfalls in donations and event ineome and would cover all costs in unforeseen circumstances. The charitls current rese￿eS position is as follows.. The total funds held by the charity at 31 December 2022 are £895,81412021.. £1,014,440). There is £40,03512021'. £109.9541 of restricted funds. Restricted funds arise where gifts are received for specific purposes as outlined by the giver. The apportionment of the funding is specified in note 13 of the accounts. £374,25612021: £551.3211 has been designated by the Directors at 31 December 2022. The designated funds will be spent over time as we outwork the Song-term strategy for Commission. Within the total funds there is £9,333 which could only be reali5ed by selling the fixed assets held by the harity. Therefore, the total free reserves held by the charity at the year-end are £472.190. This amount is just above the polscy Set by the directors a5 two to four months of regular operating cost51£200-£400KI. The intention is to make use of these funds over the coming years as we launch our new festival, Comrnission Festival in 2023. Where we expect to have a significant amount of first year costs. Support, volunteers ond other orgoni547tions Commission developed partly out of the identifiable benefit gained frorn a family of churches working together. This has enabled the charity to expand into areas of involvement which would have otherwise taken longer to achieve or been impossible. These relationships benefit the charity in areas such as church plantin8 and development, trainin& conferences and workinB with those in need. The trustees expresstheirthanks for the on8oin8 8ener05ity of ¢huTches and individua15 in both donations and volunteer time. Employees The work of Commission relies on the commitment and hard work of its valued staff. A considerable amount of tirne is volunteered to Commission both in continuous service an¢J at our various events throughout the year. Page 9

Commlsslon Apostoll¢ Trust Llmited Report of the Trustees Year ended 31 December 2022 Commission directly employed a total of 12 people in 2022. In some case5, a deed of covenant may be set up with a Commission church, where an employee is joini contracted by the church and Comrnission and a proportion of salary costs is covered. The trustees wish to take this opportunity to thank all staff, past and present, for thelr service and commitment. Remunerution policy Trustee5 decide on salaries for all staff. The process for reviewing and determining salaries was redesigned at the end of 2021 in order for it to be more specific to Commission and it'5 Staffing requirements. The matrix that was developed now takes into consideration annual inflation and helps to map out potential development and a trajectory for eath role. Some of the benefits of the new matrix is in forecasting staffing costs. The matrix considers key responsibility areas for each role, level of responsibility and value that each role is to the organisation. Appraisal review feedback will continue to be used by the trustees in determinin8 where on the scale each employee 15 performin8 based on the matrix. Salarie5 are reviewed at the end of each financial year and coincide with the production of budgets. These are revièwed and discussed by trustees and approved at the year end. Public Benefi't The trustees have given due re8ard to the Charity Commlssions guidance on public benefit. It 15 lrnportant to note the direct public benefit that exists from the establishing of churches in communities. One of the main objective5 of a church 15 to engage in social action work for the benefit of the community it serves. This principle is strongly encouraged as a core belief of the Christian faith. The nature of this work varies enormously. but typically our churches will engage in a number of different projects. A list of these social action initiatNes can be found via the Social Action Directory on our website. As a family of churches, we are keen that the social action projects we run are of a very high standard and as such provide resources to local churches to ensure good practice. This includes teaching and training offered to local churches to monitor and evaluate their individual social action projects to ensure a high standard 15 maintained. Thi5 has a direct impact on the public as projects are therefore shaped to best meet the needs of those being served. 11 The public conferences provide an opportunity forteachin& worship. envisioning and church comrnunities shaiing time together. This Is with the aim of churches enjoying being tO8ether to develop a stron8 sense of community and a150 to envision church members to Serve their own local community when they are at home. Church leaders are similarly encouraged to encourage their members to be involved with community activities and training opportunities provided if required. These conferences are open to anv who wish to attend, regardless of whether or not they are mefflbers of a church which 55 involved with the Trust. 21 Tralning courses benefit the public in that they prepare church leaders and members for works of Christian servite in the community. Often trainees are stimulated to engage more in social action work as a result of takin8 these course5 a5 they come to further understand the importance of serving the local communlty as a key tenet of the Christian faith. Page 10

Commisslon Apostolic Trust Limited Report of the Trustees Year ended 31 December 2022 31 The variety of ways in which our churches en8a8e in community action projerts in the UK is Outlined in our social actlon handbook. As a family of churches, we support much work in low income Idevelopingl countries such as Bangladesh, Myanmar and India. We partner with local churches in these countries who in turn serve their local community through relief and development programmes. This work includes community development pro8ramrnes, a8ri¢ultural programmes, education, and capacity building. This would be by makit)g grants to programmes or with supplying personnel who can help develop the programmes. We would again seekto work to a high standard. maintaininggood practice principles developed both within our family of churches and from outside. From time to time and as required we will support with grants relief effort5 after Ifor examplel a natural disaster. A number of the individual churches in our family will a150 SUPPOrt various social action programmes in low-income countries. Strurture, Governt7nce and Mi7nagement Goveming document Commission Apostolic Trust Ltd is a charitable company. limited by guarantee. incorporated on 14 November 2012 and re815tered as a charity on 3 December 2012. The companws Memorandum of Association established the objects and powers of the charitable company. The company is governed by its Articles of Association. Retr￿trnt￿t and appointment of trustees Trustees are recruited and appointed by the members at the Annual General Meeting where they are deemed to possess the experience and skills required to perform the role of a trustee. The trustees may alx) appoint a director to serve untll the next Annual General Meeting, at which time he or she would cease to hold office but would be eligible for election. Indurtlon and training of trU￿ee$ All trustees are considered to be highly experienced and skilled individua15. Training 15 provided where considered necessary. Organisatlonal strurture Globally, Commission is led by Guy Miller and a team of international leaders known as the 'Commission International Team,. The UK region is led by Guy and a team of UK leader5 known as the 'UK Team,. members of thi5 UK team are the company members and are responsible for the leadership and achievement of the objectives of the charlty. They are also responsible for the day-to-day operational decisions and the coordination and direction of Commission work. This team. and others, provide care and supportfor existing churche5, workwith leaders to start new churches, strengthen existing values and ministries and Continue to pursue new areas to take the Christian message. The UK Commission churches are split into 5 regions lor'hubs'l. led by a church leader appointed by the UK team. Each Hub leader ha5 a Small team who help in the ongoing support of churches. The board of directors are responsible for administering and governing the charity. The board meets at least quarterly to monitor all aspèrts of its progress. The board of trustees consists of one executive trustee, and Six non-exe¢utive trustees. The non-executive trustees bring experience and expertise in business, human resources, risk management, information Page 11

Commlsslon Apostoll¢ Tryst Llmlted Report of the Trustees Year ended 31 December 2022 governance, security, and law. The trustees have delegated the day-to-day responsibilitie5 of the charity to key staff and executive director. These include Finance, Governance, HR and Risk systems and processes. The executlve trustee report5 to the trustees on a regular basis on these areas of responsibility. The Leadership Team will set the vision and direction of the organisation and lead the organisation through teaching and training. Related parties The charity was born out of a movement of churches in the United Kingdom and across the world called Newfrontiers. Newfrontiers went through a period of transition in which its founder. Terry Virgo, sought to continue the legacy of the movement by establishing and releasing apostolic leaders within the movernent to carry the work forward with Newfrontiers churches relating to each sphere of leadership. This has led to the development of a number of church networks who work both individually and in partnership where there is mutual benefit. Guy Miller, leader of Commission, is one of these leaders, and the Commission Apostolic Trust Limited charity was established on 14 November 2012 to run the above activities under the charitable objectlves. Commission works with a number of these Newfrontiers church netrlorks both in the UK and overseas on Initiative5 similar to those described above, where partnership helps both parties work together towards achieving mutually agreed goals. Risk mana8ement The trustees have overall responsibility for the chariws internal ¢ontrol. Such a system can provide only reasonable and not absolute assurance against errors or fraud. There is 3 clear delegation of the Irustee5' authority through the executive trustee and the UK Team to the rest of the charity. The charity operates a planning and budgeting system with an annual budget approved by the board of trustees. A financial reporting system monitors the income and expenditure of the charity against the budget on a quarterly basis. A re8lSter of the risks fated by the charity is maintained, identifying the majoi strategic and operational risks faced and how they are being managed. Commission's m05t signifKant risks are reputational,105s of key staff and the cancellation of the annual festival. Commission maintains a register of the key risks identified. Reputational risk is managed through a nurnber of strategies including accountability of leader5 and clear management of cornrnunications and public relations. Loss of key staff risks are mitigated to an extent through the performance appraisal process which encourages open communication and line management of staff, as well as a clear policy on reviewing salaries and other benefits. The annual festival and other events are managed by detailed budgeting and review by an event strategy team who report to the directors. Our reserves policy set5 aside contin8encv funds in tFie unlikely sltuation that the event need5 to be cancelled. Our event insurance includes cover for damages to fixed buildings as well as communicable diseases on the show ground. Page 12

Commission Apostollc Trust Llmlted Report of the Trustees Year ended 31 Oecember 2022 The trustees are satisfied that systems are in place to monitor, manage and mltl8ate the charlties exposure to major risks. They consider that the development of the charities reserves and reviewing internal controls and risk will provide the tharity with adeqLJate risk assurance and sufficient resources in the event of adverse conditions. They also recognise that the nature of some of the charities work requires active acceptance and management of some ri5k5 when undertaking activities to achieve the objertives of the charity. Trustees, responslbllltle5 In relatlon to the financial statements The charity trustees (who are also the dirertors of the Charity for the purposes of company lawl are responsible for preparing a trustees, annual repoit and financial statements in accordance with applicable law and United Kingdom Accountin8 Standards (United Kingdom Generally Accepted Accounting Practicel. Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitsble company and of the incoming resources and application of resource5, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to.. select suitable accounting policies and then apply them conslstently- observe the methods and principles in the Charities SORP,. make judgements and estlmates that are ￿asOnable and prudent,. state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the 80in8 concern basi5 vnless it is inappropriate to presume that the charity will continue in business The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the flnancial p051tion of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They ave also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable compan¢s website. Legislation in the Unlted Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdiction5. Independent Examlners Saffery Champness. the charitvs independent examiners are willing to remain in office and a resolution to re- appoint them will be proposed at the Annual General Meeting. The Trustees have taken advantage of the small companies. regime in preparin8 the Rèport of the Trustees. On behalf of the Tru5tee5'. MrGWoo Chair of TrLJStees Date.. 1510612023 Pa8e 13

Commi55ion Apostollc Trust Limited Independent Examinerfs Report to the Trustees of Commisslon Aposiollc Trust Umlted I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 Oe¢ember 2022. Respective responslbllltles ot trustees and examlner A5 the charitls trustees of the Company land also it5 directors for the purposes of company lawl you are responsible for the preparation of the accounts in a¢cordan¢e with the requirements of the Companies Act 20061'the 2¢X)6 A¢YI. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your chariVs accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out mv examination I have followed the Directions given by the Charity Commission under 5ertion 145151 Ibl of the 2011 Act. Basis of independent examlnerfs report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the ch3rlty and a comparison of the accounts presented w5th those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a'true and fair vievf and the report is limited to those matters set out in the statement below. Independent eMaminerf5 Statement Since the Companvs gr05s income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in Connection with the examination giving me cause to believe.. l. accounting records were not kept in respect of the Company as Tequired by section 386 of the 2006 Act,. or 2. the accounts do not accord with those ￿cOrdS,. or 3. the accounts do not comply with the accounting requirements ot section 396 of the 2006 Act other than any requirement that the account5 give a 'true and fair view, which is not a matter Considered as part of an independent examination,. or 4. the account5 have not been prepared in ac¢ordan¢e with the methods and principles of the Statement of Recommended Prartice for accounting and reportinÈ by charities applicable to charities prepaiing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Page 14

CommSsslon Ap05tollc Trust Llmited Independent Examinerfs Report to the Trustees of Commission Apostolic Trust Limited I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Casidhe Baleri ACA CTA For and on behalf of Saffery Champness LLP Chartered Accountants Midland House 2 Poole Road Bournemouth Dorset BH2 5QY Date.. 0310712023 Page 15

Commlsslon Apostolic Trust Limited Ststement ol Finan¢lal Actlvlties lincludln8 Income and Ejtpenditure account) For the year ended 31 December 2022 Jnrestrlcted funds 2022 Restricted fuvtds 2022 Total 2022 Total 2021 Notes Income and endowments from: Generated funds Donations and legacies 570,331 30.762 601,093 753,735 Charitable actlvltles 106,523 106,523 33,852 Investments 5,826 5.826 3,912 Total incoming re50ur¢es 682,680 30,762 713,442 791,499 Expenditure an.. Charitable activities 711,637 120,431 832,068 851.111 Total resources empended 711,637 120,431 832,068 851,111 Net expenditure 128,9571 189,6691 1118,6261 159,6121 TTansfers between funds 119,7501 19,750 Net rn￿eMent in funds 148.7071 169,9191 1118,6261 159,6121 Recon¢lliation of funds.. Total funds brought forward 904,486 109,954 1,014,440 1,074,052 Total funds ¢arried forward 855,779 40.035 895.814 1,014,440 All gains and1055es are included above. The deficit for the year for Companies Act purpose5 wa5 £118.626 12021.. £59,612). The notes and accounting policies on pages 19-35 form part of these accounts. Page 16

Commlsslon Ap05tolic Trust Limited Balance Sheet at 31 December Z022 2022 2021 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand io 9,333 14.318 li 395.779 832,7( 232.548 957,011 1,228.485 1,189,559 Creditors: Amounts falling due within one year 12 1342,0041 1189,4371 Net current a55ets 886,481 1.000.122 Total assets less current 895,814 1.014.440 Funds Unrestrlcted funds General funds Designated funds 481,523 374,256 353,165 551,321 14 855,779 941,1 Restrirted funds 13 40.035 109.954 Total funds 15 895,814 1,014,440 In preparin8 the financial statement5'. al The directors are of the opinton that the charitable company 15 entfcled to exemption from audr( conferred by Section 477 of the Companies Act 2(Y)6. bl No notice ha5 been deposited under Section 476 of the Companies Act 2006, and cl The directors acknowledge respon5ibilitie5 for.. Ensuring the company keeps accountlng ￿cOrdS which comply with sectton$ 386 and 387 of the Companies Act 2006, and Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year end its profSt or loss for the hnaficlal year èccordance with the requirements of 5e¢tion 394 and 395 of the Companies Act 2006. These accounts have been prepared in accorrfance with the provisions applicable to companies Subject to the small cornpanies, re8irne. ed by the 8oard of Trustees on l.-) App .2023 and si8ned on its behalf bv Mr S D Theunissen Company number.. 08293624 The note5 and accounting policies on pages 19-35 form part of these accounts. Page 17

Commisslon Apostoll¢ Trust Llmlted Cash flow statement Year ended 31 December 2022 Notes 2022 2021 Cash flows from operatln8 actlvitles.. Net cash pravlded by operatln8 a¢tlvities 16 1130,1311 196,1661 Cash flows from investing activities: Dividends, Interest and rents from investment5 Proceeds from sale of tangible fixed assets Purchase of tangible fixed assets 5,826 3,912 18,8101 Net ¢a5h used in Investlng activlties 5,826 14,8981 Change In cash and cash equivalents in the Teporting period 1124,3051 1101,0641 Cash and ¢ash equivalent5 at the beginning of the reporting period 957,011 1.058.075 Cash and ¢ash equivalents at the end of the reporting period 17 832,706 957,011 Page 18

Commission Apostolic Trust Limited Notes to the financial statements Year ended 31 December 2022 A¢¢ountlng policles Basis of preparation The financial statements have been prepared under the hlstorical cost convention and in accordan with applicable United Kingdom accounting standards. the Charity Commission Statement of Recommended Practite - Accounting and Reporting by provisions of the Charitie5 SORP IFRS 1021 Accountrng and Reporting by Charities.. Statement of Recommended practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland leffectNe l January 20191 and the Companies Act 2006. Commission AFx)stolic Trust Limited constitutes a public benefit entity as defined by FRSIO2. The trustees consider that there are no material uncertainties about the Charit15 ability to continue as a going concern. Fund Accountin8 The general unrestricted fund is available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are those funds which the Trustees have set aside from the Annual Offering for the benefit of future projects. The restricted funds are subjected to ￿Strictl0nS on their expenditure imposed by the donor or through the terms of an appeal. Fixed Assets All fixed assets are initially recorded at cost. All assets costing more than £400 are capitalised. Depreclatlon Depreciation is cakulated so as to wrlte off the cost of an asset, less its estimated res5dual value, over the useful economic life of that asset as follows.. Motor vehicles 25% reducing balance Other plant and machinery- 25% reducing balance Page 19

Commission Apo$toll¢ Trust Limited Notes to the flnancial statements Icontinuedl Year ended 31 December 2022 Accountlng policies Icontinuedl Incoming Resources All incoming resources are included in the statement of financial activities when the charity Is entitled to the income and the amount can be quantrfied with reasonable accuracy. Specific policies are applied to particular categories of income. Voluntary income is received by way of grants and donations and is included in full in the statement of financial activities when receivable. Grants. where entitlement is not conditional on the delivery of specific performance by the charity, are recognised when the charity becornes unconditionally entitled to the grant. Investment income, bein8 inteiest. is included when receNable. Incoming resources from grants which are related to performance and specrfic deliverables are accounted for as the charity earns the rights to consideration by its performance. Resouites expended Expenditure is recognised on an accruals basis as a liabillty is incurred. Irrecoverable VAT is reported as part of the expenditure to which it relates. Charitable eKpenditure comprise5 those cost5 incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the time spent. Governance costs include those costs associated with meeting with constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charitv. Penslon wsts The charity operates a defined contribution pension Scheme for employees. The assets of the scheme are held separately from those of the charity. The annual contributions payable are charged to the statement of financial activitles Flnanclal Instruments The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequent measured at amort15ed cost using the effective interest method. Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and provisions are recognised where the charity has a present obligation resulting from past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normal recognised at their settlement amount after allowin8 for any trade discounts due. Page 20

Commission Apostollc Trust timited Notes lo the financial statements Icontinuedl Year ended 31 December 2022 Critical estimates and Sudgements In the application of the Chaiiws accounting policy the trustees are requested to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumption are reviewed on an ongolng basis. Oonations and legacies Unrestrlcted funds Restrlcted funds Totsl funds 2022 Unrestrlcted funds Restrlrted fund5 Total funds 2021 Donatlons General gifts Grants 429,331 141,000 4,155 26,607 433,486 167,607 470,869 220,796 55,380 6,690 526.249 227,486 570,331 30,762 601,093 691,665 62,070 753,735 Charitable activities 2022 2021 Donations Together at Connect Festlval Training income 61,641 45.033 5,222 28.818 Other events and attivities 11511 11881 106,523 33.852 All income from charitable activities wa5 unrestricted in both years. Page 21

Commlsslon Apostollc Trust Limlted Note5 to the finan¢lal statements (¢ontlnuedl Year ended 31 December 2022 Analysls of total resources expended Current year Othèr dlrert CQSt5 Staff tosts Support Costs Total 2022 Grants Charitable activities Events Tralning Ap05tolic Ministry & Support Local & Worldwide mi55ion 34.495 36,327 9,562 40,242 74.191 61,826 108,686 125,392 3S,315 562,675 27,239 25,753 293.217 117.930 111,286 Total resources expended 318,970 145,169 120,626 247,303 832,068 Support Staff costs 190.835 1190,8341 336,004 56,469 Prforyeur Othèr dlrect costs Staff ¢osts Support ¢0St5 Totsl 2021 Grants Charitable a¢tivitie5 Events Trairsing Apostolic Ministry & Support Loc31 & Worldwide mission 500 41.160 70.656 8,171 155,519 6.196 5,163 2,065 7.228 68.638 57,198 116,494 133,017 68.734 532,866 58,498 267,162 102,957 Total re50urce5 expended 326.160 275.506 20,652 228,793 851,111 Support staff cost5 157,909 1157,9091 433,415 70,884 Page 22

Commission Ap05tolic Trust knmited Notes to the finandal statements Icontinuedl Year ended 31 December 2022 Allocation of support Costs Current year Total Fundraisi￿ & Events Mlsslon activities Teachln8 & Training Property COSts Travel costs Staff costs Office costs Information Techr¢olo8y Teachlng & training cost5 Finance costs Communications Governance costs Staff Professional fee5 Legal fees 4.649 20.232 190,835 26,256 2.227 61)4 324 1,900 1,395 6.070 57,250 7,877 668 181 97 570 2,092 9,104 85,876 11,815 l.W2 272 146 855 1,162 5,058 47,709 6,$64 557 151 81 475 276 83 124 69 247,303 74,191 111,286 61,826 Prior year Total Fundraising & Evenls Mission a¢tlvltles Teaching & Tralnln8 Property costs Travel costs Staff eosts Office costs Infoimation Technology Teachlng & training costs Finance costs Governance costs Staff Professional fees Legal fee5 12,954 8,238 153,648 31,400 4,260 3.084 8tM) 3,886 2,472 46.094 9,420 1,278 925 240 5.829 3.707 69.142 14,130 1,917 1,388 360 3,239 2,059 38.412 7,850 1,06S 771 21)0 4,260 9,509 640 1,278 2,853 192 1,917 4,279 1,065 2,377 160 228,793 68,638 102,957 57,198 Page 23

Commission Apostollc Trust Umlted Notes to the financial statements Icontlnuedl Year ended 31 December 2022 Grant expendlture The charity made the following grants during the period.. Local Worldwide 2022 Local Worldwide 2021 A Fot)te Egreja Evangelica Adam and Nina Majerus Anthem Church Leicester Christ Central Church Planting Resources India Commission Training Subsidy Commission Event Underwritin8 Covid cri515 relief - Bangladesh Covid crlsls relief - Miro 4,964 5.750 4,964 5.750 10.000 15,000 8,619 7,750 7,750 10,000 15,000 8,619 10,200 10,200 16.750 500 3,046 434 25,000 750 5,000 16,750 500 3,046 434 25,000 Crisis relief - Cottons- Italy Dave & Karen Priest Middle East support Delegates to Event Edfri International Ghana Graduate Diploma in Theology India Covid Relief India Gospel Ministries jubilee + Life church Southampton Masters Degree in Theology Mission contin8ency- Philippines Mission work in Penafiel Portugal Myanmar restricted NF Events Support Paul and Joanna Young Serbia Social Action Social Action- New Life Fordingbridge Social Action - Parivartan Stepping Stones India Tearfund- Afghanistan Trinity Life Church UK Operational Support Union School of Theology Worship erscounter 750 5,(MJO 5,000 5, 000 16,000 16,000 5,000 5,1)00 16,422 5,000 16,422 24,446 24,446 1.700 15.000 15,000 5,000 11.250 600 870 1,700 15,000 15,000 19,816 19,816 5,000 11,250 600 5,000 870 soo soo 8.000 8,000 3,696 3,696 10,000 7.500 300 25,000 10,600 4,536 4,536 10,000 7.500 io,oco 10,000 7,500 7,5 25,QLK) 10,6(Kl 5,000 1.100 185 i.ioo 185 42,454 225 5,000 42,454 225 6,607 100.000 6,783 6,607 100,000 6,783 6,250 122,000 6,61)0 6,250 122,000 6,600 Total 218.540 100.430 318.970 202.100 128,633 330,733 Page 24

Commission Apostolic Trust knmited Notes to the flnanclal statements Icontinuedl Year ended 31 December 2022 Net outgoing resources for the year This is stated after charging: 2022 2021 Staff pension contributions Depreciation Independent examinerfs fee 8,903 3,931 4,300 12,400 1,939 3,950 Staff costs The movernent in the year is after char8in8'. 2022 2021 Wa8es and salaries social security costs Pension costs 295,090 30,623 8,903 382,342 38,673 12,400 334,616 433,415 The average number of employees, analysed by function was.. 2022 No 2021 No Mission staff Operational stsff li 12 Total remuneration, Including national Insurance contributions, of key management personnel in the perlod was £182,29412021.. £208,857). Durlng the year l employee received remuneration between £70,000 and £80,00012021.. 1 empk)yee between £60,000 and £70,000). Page 25

Commlsslon Apostollc Trust Llmlted Notes to the financial statements Icontlnuedl Year ended 31 December 2022 Trustees. remuneratian The Mernorandum of A550ciation authorises the payment of remuneration to trustees for services other than acting as a trustee. The following paragraphs outline the payments so made. M Jarvi5 15 a trustee of the charity. During the year, Miles larvis received a salary, including pension contributions of £nil12021.. £39.1081 for his role as Director of Operations of the Charity. O Bolorunduro is trustee of the charity. During the year. O Bolorunduro received a salary. including pension contributions tsf £44,394 12021.. £18,645) for his role as Finance Director of the Charity. No other trustees received any remuneration during the current or previous year. Donations totalling £l,10012021'. £1,733) were received from the trustees during the year. No trustee or other person related to the charity had any personal Interest in èny ¢orbtra¢t or transa¢tlon entered into by the harity during the current or previous year, other than as disclosed in note 18. No expenses were reimbursed to any trustee during the current or previou5 year. other than as disclosed in note 19. Page 26

Commission Apostolic Trust Limited Notes to the financial statements (continued) Year ended 31 December 2022 io TanBible fixed assets Office equlpment machinery Cost or valuation At l January 2022 Additions Disposals 30,243 12,5481 At 31 December 2022 27,695 Depreclation At I january 2022 Charge for the year Eliminated on disposal 15,925 3,931 11,4941 At 31 December 2022 18,362 Net book value 31 December 2022 9,333 31 Oecember 2021 14,318 li Debtors 2022 2021 Trade debtor5 Other Debtors Prepayments 155,535 7.500 232,744 10,569 4,991 216,988 395,779 232.548 Page 27

Commission Apostolic Trust Limited Notes to the financlal statement$ l¢ontlnued) Yèar ended 31 December 2022 12 Creditors 2022 2021 Amount5 due within one year: Trade creditors Deferred income Other creditor5 70,213 5,610 266,181 66,964 70,093 52,380 342,004 189,437 13 Re5trirted income funds Current yeur Balance at l January 2022 Balance at 31 Detember 2022 Incomir Outgoing resouTces resources Transfers Stepping Stones India India Relational Mission Ghana Myanmar Covid Crisis Relief India Covid Relief UK Church planting India and Far East Chennai Ahmedad 160 200 1141 110,1711 6,951 40 10,171 17,544 6,226 17,908 38,230 7,143 3,388 4,625 4,625 24.464 3.696 32 2,530 20,092 3,162 894 4,035 4.625 4,625 2,184 35,068 53,456 3.547 26,607 3.99S 20,600 200 Total 109,954 30,762 120,431 19,750 40,035 Prloryeor Balance at l January 2021 Bal•n¢e at 31 December 2021 Incomin8 resources Outgoln8 rÈsources Transfers Stepping Stones Indi3 Cardiff India Relational Mission Ghana Myanmar Covid Crisis Relief India Covid Relief India and Far East UK Church planting 159 136,7041 12,458 23,966 10.762 25,969 17,972 13,049 160 225 36,704 6,6￿1 8,977 6,422 4,536 8,061 19,837 8.393 10,171 17,544 6,226 17.908 38.230 12,638 7,143 40,095 7,982 7,143 Total 67,631 62.070 56,451 36,704 109,954 Page 28

Commission Ap05tolic Trust Limited Notes to the financial statements Icontinuedl Year ended 31 December 2022 13 Restrirted income funds Icontinuedl Stepplng stones Indla Steppin8 Stones is a charitable trust based In Mumbai, India. They operate several dlfferent soclal action ministries including leprosy care and treatment, Supporting those recovering from addiction and so on. The project funding wa5 transferred from Newfrontiers to Commission. There are a Small number of donors who support the project over a calendar year. We send funds that we have received for the projert at regular intervals through the year. Indla Relatlonal MIs￿on Relational Mission, a charity linked with Newfrontiers gave funds towards our community development work with churches in Indla. This work has continued through 2022 and is planned to increase over the coming years. Ghana We received restricted funds from Grace Church Salisbury towards our work in Ghana. We've been using these funds in addition to the funds we had designated for work to be carried out in Ghana. This will continue through 2023. Myanmar Confluence. a Newfrontiers sphere in the USA have pledged to contribute Sio,000 over 3 years towards the work of Commission in Myanmar. This began in 2019 and is expected to carry on. Covld Crfsi5 Rellef We received restricted funds from various individuals, churches and Newfrontiers spheres to support our work in bringing relief to those affected by Covid -19. These funds have been used to support those dver5ely affected in various parts of the world. We will continue throughout 2023. to 5UPPOrt those requiring it and bring relbef to those affected through our partners in different nations. India Covid Relief We received restricted funds from variou5 individuals, churches and Newfrontiers spheres to support our work in bringing relief to those affected by Covid-19 in India. These funds have been used to support those adversely affected in various parts of India. We will continue throughout 2023, to support those requiring it and bring relief to those affected. working with our partners in India. Page 29

Comrnisslon Ap05tollc Trust knmlted Notes to the financlal statements Icontlnued) Year ended 31 December 2022 13 Restricted Income funds {¢ontlnuedl India & Far East Confluence, a charity linked with Newfrontiers gave funds towards our apostolic work in India. Ahmedad We received restricted fund5 from Clarendon Trust towards starting a church in Ahmedad, India. Chennai We received restricted fund5 from Clarendon Trust towards starting a church in Chennai, India. UK Church Planting We received restricted fund5 from Newfrontiers towards church planting in the UK. Page 30

Comrni55ion Apostolic Trust Limited Notes to the flnanclal ststements Icontlnuedl Year ended 31 December 2022 14 Unrestr5cted Income funds Current year Balanie at ljanuary 2022 Balance al 31 December 2022 In¢omln8 resources Outgolng resources Transfers Des18nated funds International Church Planting UK Apostolic Support International Apostolic Support Supporting the Poor Task Teams & overheads Underwriting Events UK Mission Social Action 21,075 6,370 14,705 62,011 10,000 10,563 161.4481 39,000 60,074 21,074 27.213 25,375 1.838 32,645 132,6451 88,498 60,1)00 5,322 116,0001 127.176 309,884 9,995 551,321 10,568 199,9101 220,542 9,995 374,256 119,568 107,704 1188,9291 Unrestrlcted funds General funds 353,165 S63,112 603,933 169.179 481.523 904,486 682,680 711.637 119,7501 855.779 Page 31

Commission Apostollc Trust Limited Notes to the financial statements {continuedl Year ended 31 December 2022 14 Unre5trirted income funds PrSor year Balance at ljanuary 2021 Balance at 31 December 2021 Incoming resources Outgoing resource5 Transfers Designated funds Internatlonal Church Planting UK Ap05tolic Support Internatlonal Ap05tolic Support Supporting the Poor Task Teams & overheads Underwriting Events UK Mission Social Action 31.075 10,000 21.075 70,097 8,086 62,011 8.092 Is,oc(J 189,542 166.450 3,463 36,000 12,250 27,213 290,117 195 91,216 1166,4501 32,645 88,498 88,498 208.136 9,995 709,473 137.998 36.250 309.884 9,995 551.321 189.193 347.344 Unrestrirted fund5 General funds 296,948 540,236 447,315 136,7041 353,165 1,006,421 729,429 794,659 136,7041 904,486 Designated Funds- Annual Offerlng Funds were raised through our annual offering and designated for the projects and ministries detailed above. Below is a brief description of the different projects and ministries. International Church Planting- Grants for ongoing or new church plants in Madrid, Porto and Penafiel, Texas. India, Ghana, Middle East, USA and other nations where we are working. UK Apostolic Support- supportlng the ongolng care and support of Commission churches Sn the UK to Cover travel, speaker and venue hire. International Ap05tolic Support- supporting our different bases~ for example in India and the Iberian Peninsula, as well as establishing new connections in USA. Latin America, the Middle East, a5 well a5 supporting the ongoing work of Newfrontiers and Newfrontiers churches. Supporting the poor- supporting crisis relief work when needed and o)n80in8 long-term community development programmes, specifically in India and Bangladesh in 2021. We also set up a designated fund for our ongoing support of Fo¢Jndations for Farming in Indla. Task teams & overheads- funds set aside for future project5 based on outcomes from our SURE strategy (Send, Unify Release Equip). Page 32

Commission Apostolic Trust Limited Note$ to the financlal statement5 Icontinuedl Year ended 31 December 2022 14 Unrèstrfrted Income funds Icontinuedl Underwriting Events and Operations- Commitment to subsidise shortfalls for our on-going operational costs and to subsidise our annual festival and other events to reduce ticket costs. UK mis5ion- 8rants for new church plants or sites in the UK and supporting the process of adoptin8 churches into the Commission family. Social Action- funds used to or contributed towards local and International sorlal action. Some of these funds are put into a designated fund by commi55ion for future use. 15 Analysls of net assets between funds Funds balances are represented by: Tangible fiJ(ed assets 2022 Net current assets Total Tangible fixed assets 2021 Net Current assets Total 2022 2022 2021 2021 Restrirted funds Designated funds General funds 40,035 40.035 73,250 73,250 374.256 374,256 551,321 551,321 9,333 472,190 481,523 14,318 375,551 389.869 9.333 886,481 895,814 14,318 I,IXX),122 1,014.440 16 ReconclllatSon of net income to net cash flow from operating activities 2022 2021 Net income for the reportlng perlod las per the statement of financial activities) Depreciation Lossllprofitl on dlsposal of fixed a55ets Dividends, interest and rents from investments Ilncreaselldecrease in debtors Decrease in creditors 1118,6261 159,6121 3,931 1,054 15,8261 1163,2311 152,567 1,939 13,9121 19,0671 125,5141 Net cash outllow from operatjng a¢tlvlty 1130,1311 196.1661 Pale 33

Commission Apostollc Trust Llmlted Notes to the financlal statements (continued} Year ended 31 December 2022 17 Analysls of cash and tash equivalents 2022 2021 Cash in hand Deposits on more than 3 months. notice 607.474 225,232 735.387 221,624 832,706 957,011 18 Analysis Of changes in net debt Balan￿ at ljanuary 2022 Balance at 31 De¢ember 2022 Cash flows Cash and cash equivalents 957.011 1124.3051 832,706 Balante at l January 2021 Balance at 31 December 2021 Cash flows Cash and cash equivalents 1.058.075 1101.0641 957.011 19 Related party transactions Durin8 the year 4 trustee$12021.. 21 were reimbur5eil £8912021.. £1,160) for travel and other expenses. During the year. Hope Church Winchester, of which G Wood is also a director. donated £34.48912021= £47,447) to the charitv. During the year. Westminster Chapel, of whlch S Sloan is also a dlrector, donated £30,30112021'. £20,0041 to the charity. During the year, Welcome Church, of whlch L Green is also a director, donated £73.85212021.' £66,550lto the charity. During the year, Citygate Church, of which S Theunissen and I Salway are also dlrectors donated £10,92412021'. £8,858) to the charity. Pa¥È 34

Commlsslon Apostolk Trust Llmlted Notes to the financial statements Icontinuedl Year ended 31 December 20ZZ 20 Company limited by guarantee The company is Ilmited by guarantee and therefore has no share capital. In the case of a winding up each member has guaranteed to contribute an amount not exceeding El. At 31 December 2022 the total of such guarantees wa5 £412021.. £41. 21 Taxation Commission Apostolic Trust Limited is a registered charity and can claim exemption from Corporation Tax on income and gains which are applied for charitable purposes under section 505, Income and Corporation Taxes Act 1988. Page 35