2024-12-31-accounts

REGISTERED COI¥IPANY NU￿lBER. 08284434 (EnglaDd and Wales) REGISTERED CIL41UTY NUMBER: 1150242 REPORT OF THE TRUSTEES AND FIYANCIAL STATEMEliTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR CATALYST NETWORK OF CHURCHES HB&O Ltd Chartered Accountants and Statutory Auditor HighdowTr House I l Highdown Road Leamington Spa wanvicks.hire CV31 IXT

CATALYST LYETIVORK OF CHURCHES COI%TENTS OF THE FINANCI.4L STATEMENTS for the Tr"ear ended 31 December 2024 Page Report of the Trustees Report of the Independent Auditors Statement of Financial Activities Balance Sheet 10 to 11 Cash Fiom. Statement 12 Notes to the Cash Flow Statement 13 Notes to the Financial Statements 14 to 22 Detailed Statement of Finaneial Activities 23

CATALYST NETIVORK OF CHURCHES REPORT OF THE TRUSTEES for the l.ear ended 31 December 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Chariries: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK aDd Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES ObjectiTres and aims It is a requirement of the Trustees of Catalyst Network of Churches to ensure that the organisation continues to deliver services for public benefit and the trusiees have considered the Charity Commission's guidance on that subje¢t. The organisation's charity objects and its principal activities are.. To advance the Christian faith. To relieTr'e persons ￿'hO are in condition5 of need, fu￿nCIal hardship or sickness. To furthcr Christian cducation. and To providc or assist in thc provision of facilitic5 in thc intcrcsts of social wclfarc for rccrcation or Icisure. The charity operates both in the UK and ￿ryder world. Page I

CATALYST LYETIVORK OF CHURCHES REPORT OF THE TRUSTEES for the l'ear ended 31 December 2024 STRA TEGIC REPORT Achies'ement and performance How our activities deliver public benefit Around 80 churches from the UK are part of the Catalyst Network. There are also a large number of churches overseas Ihat have a direct Apostolic relationship with Caialysi. The UK church leaders have gathered on se¥'eral occasions during the year for training. prayer and 10 be equipped io fvlfil Iheir role as leaders of churches reaching out to benefit Ihe con)munily locally, across the UK and overseas. For the first time since the CO￿ld pandemic we were able to nm ihe Catalysi Feslival, a weekend church based worship and bible teaching event in the UK. This was ai a new venue - the Staffordshire Counry Showground, and a different weekend - the end of Augiust. Whilst the festival ￿'aS well attended it ￿'aS not at pre pandemic levels. As in previous events an offering was held in part to off set the cosi of the festival and in part to be ￿￿ed to turther our Apostolic aims of advancing th¢ Christian religion by starting and strengthening churches that multiply disciples and extend the Kingdom of God. By the end of the year there was £214k from this offering Thaiting to be distributed. The European Crisis Fund, was established during 2022 the year in respoDse to the war in Ukraine for the support and relief of those affected by military, political or economic aggression in Europe Thith an immediate and particular focus on churchcs and rcfugccs displaccd and in nccd duc to thc li.ar in Ukrainc. Wc havc partncrcd iiith Ncwknonticrs International Tnist (charity reg no 1060001) to collect and distribute the money in this fi]nd. Neirfrontiers consists of a brotherhood of apostlcs fron] across the world. Each of whom bas rcsponsibility for a family of churches, similar to Catalyst Network of Churche5. Grants from the fimd are approved by a team consisting of direclors and church leaders from Ncwtrontiers Intcrnational and Catalyst. At ihc end uf thc year thc fund stoud at £380k. As much of Ihc fund will be used to assist rebuilding aT]d re5cttling churches and eommunities once conflict has eC￿ed. The expect this fund will remain in place for some lime. During 2023 the Earthquake fund was established in response to the earthquake on the Turkey I S￿la border. The pury)ose of the fund is to proi'ide for those affected by the earthquake eithei directly through churches we are connected wilh on the ground or ihrough partner organisations who could bring relief to those most affected. The appeal raised £47k during the year. £253k was dislribured in 2023, a furtber £317k was distribuled in 2024. £25k remains lo be distributed much of which will be used during 202). A number of Catalyst churches working together the Oxford Hub have been supporting church plants and training and equipping leaders. particularly overseas primarily through a programme of work called "Unreached" This work has grown to be on behalf of the whole of the Catalyst Network. Following a full review of the strategic needs and support required to enable the Unreached ministry to be fully effe¢iive in advancing the Christian faith overseas a separate charity was set up and Unreached funds remaining in Catalyst were donated to the new charity at the end of 2024. Leadership Training, a 2 year structured training progratnme for church leaders and potential leaders and "God's Big Story" a 2 year enty level bible trdining course both rdn again duriDg the year. Ovcrscas ministy forn￿ a largc part of Catalyst's activitics. Apostolic ovcrsight of churchcs has continucd support to many nations. Through being a network of churches iogethei Catalyst has been able to achieve more and get more involved in more areas than would othcrwisc haTr'c bcen pos5iblc by individual churches acting alone: thercby rcdching out and bencfitting more people in the UK and abroad. STRUCTURE, GOVERNANCE AND fvIANAGEMEYT Governing document Thc charity is controllcd by its govcrning documcnL a dccd of tr￿l and constitutcs a IiTnitcd COTnpany, limitcd by guarantee. as defined by the Companies Aci 2006. Trustees appointment, induction and training There were no appointmcnts during the year. Trustces are rcquired to agree willi the trust's Statcincnt of Faith. Trustee induction includes a briefing with one of thc existing diTCCtor5 on the role of Trustecs. It also includes the provision and review of charity commission material on thc rolc of the tru5tce. The necd for further trustcc training is kcpt under review. Page 2

CATALYST LYETIVORK OF CHURCHES REPORT OF THE TRUSTEES for the l'ear ended 31 December 2024 STRUCTURE, GOVERNAI%CE AND LIIANAGEMENT Organisational structure The trustees met for two forn)al board meelings during the year and have responsibility for the general, legal and fiscal oi'ersight of the trust. The day to day work of the chan.ty is delegated to four of the Directors; Simon Holley, Richard Wightman, Andrew Martin and Andrew Sirnpkins who are supported by both paid and N'oluntary sraff. There is a strategy tearn, headed by Simon Holley, made up of church leaders from ￿7th1￿ the nettN'ork with emerging apostolic gifting that rnake.q recommendations to the board on the broad direction of the Network and projects to fund. Andrew Simpkins and Richard Wightman also fonn part of this leam. Towards the end of the year a chief operating officer M'as apEK)inted to the staff team. He has joined the strategy team and attends board mcctings. He wryll ovcrsec much thc day to day work of thc charity enabling the other directors to focus on Catalyst's strategic objectives. Risk management Thc trustccs havc cstablishcd a pattcrn of risk managcmcnt Thhich is monitorcd through a Financc and Risk subcommittee of 6 of the directors to consider the financial. strategic and operdtional risks to the charity. Major risks to which thc chaTity IS eXP05ed havc been rcvicw'cd and systcm5 Put placc lo mitigatc tliosc Tisks. Reserves Policy The Trustces set the reseTves policy in line with the guidance issued by the Charities Commission. The policy is reviewed annually as part of our risk management processe5. The trustees believe that the charity should hold reserves beLause it has nu cndowmcnts. and nccd5' to piotcct itself in the event of unforcsccn LircumstdllLCS to contlDUC its aLtivitics" and needs to remain flcxiblc with an ability to n]axin]isc futurc opportunitics as they arisc. Catalyst aims to hold a minimum of the equivaleni of three month's expenditure as geTJeral reserves. As at the year end Ihe general reserves stood at £226k (2023= £227k) and wilh unresiricied expendiwre for the year, including desi￿ated expendiluie, of £359k (2023= £278k), the Itusiees believe, as noied above, Ihat the charity is adequalely complying wiii] its reserves policy. FuDdraising Whilst the charity does engage in fimdraising, this does noi form part of the charitys principal activities. The charity neither participaies in publicly marketed fundraising events nor in Ihe aclive soliciiing ofdonations from members of the public. Accordingly, the charity is not registered with the Fundraising Regulator, although the trustees w'ill keep the situation under re￿]ew. Financial Revie Total income for the year was £1,184k (2023: £1.048k) Granls were mainly received from churches, in part as regular donations and also as one off gifts inio the special offering made ai the Catalyst fesiival. Donalions from individuals were mainly received into the Catalysl festival ofrering. Of the ioral income £348k ￿'aS raised at the Caralyst festival offerin £50k was used I0￿￿rdS the running costs of the festival and the remainder is being distributed to various projects and grants in line with our Aposlolic objeciives. Total resources expended amounted to £1.550k (2023.. £1,139k)- The total net movement in fimds in 2024 was net expenditure of £367k {2023. £90k). The excess of expenditure over income reflects the continued distribution of the Earthquake fi]nd and the European Crisis Fund (Ukraine) frorn income mainly raised in previous years. The net assets of the charity are £1.054k (2023= £1,421k)- Of this £524k (2023.. £1,030k) is restricted and £304k (2023.. £164k) is designated. REFERENCE AND ADMtNISTRATtVE DETAtis Registered Company number 08284434 (England and Wales) Registered Charity number 1150242 Page 3

CATALYST LYETIVORK OF CHURCHES REPORT OF THE TRUSTEES for the l.ear ended 31 December 2024 Registered office St Columba's St Columba's Close Coventry CVI 4BX Trustees Sarah Joanna Crowhurst Simon Cieoffrey Holley Roydon Loveley Andrew Timothy Harlow Martin David John Morris Michael Paul Saxton Andrew Gordon Simpkins Richard Eric Wightn]an Auditors HB&O Ltd Charlered Accountants and Statutory Auditor Highdowll Housc I l Highdo￿l Road Leamin¥ton Spa Warwick5hire CV31 IXT STATEMENT OF TRUSTEES, RESPO.NSIBILITIES The trustees (who are also the directors of Catalyst Network Of Churches for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial sthtements in accordance with applicable law and United Kingdom Accounting Srandards (United Kingdom Generally Accepled Accounting Praciice). Company law requires the trustees lo prepare financial stalements for each financial year ￿,hICh ￿ve a trne and fair view of the slate of affairs of ihe charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Irustees are required lo select suitable accouniing policies and then apply them consislently- obseTre the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and pwdent- state whether applicable accounting standards have been followed, subject to any ma￿rIal departures disclosed and explained in the tinancial statements- prcparc thc financial statcmcnts on thc going conccrn basis unlcs5 it is inappropriatc to prcsumc that thc chaTitablc company will continue in business. The trustees are responsible for keeping proper accoullting records which disclose ivith reasonable accuracy at any time the finaneial pusition uf thc charitable company and lo cT]able thern to ev]5UTC that the fiT]ancial stalemcnts con]ply with thc Companies Act 2006. Thcy arc also rc5pon5iblc for safeguarding the assets of the chxritablc company and hence for king reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit inforniation of which the charitable eompanls auditors are unaware: and the trustees have taken all sieps that they oughi to have thken io make themselves aware of any relevant audit inf0m￿tion and lo establish that the auditois ale aware of thai intornlalio Page 4

CATALYST LYETIVORK OF CHURCHES REPORT OF THE TRUSTEES for the l'ear ended 31 December 2024 Report of the trustees, in¢orporating a strategic report. approved by order of the board of trustees, as the company directors, on 3 July 2025 and signed on the board's behalf by= Andrew Gordon Simpkins- Trustee Page 5

REPORT OF THE II%DEPENDENT AUDITORS TO THE TRUSTEES OF CATALYST NETWORK OF CHURCHES Opillion We hai'e audited the financial statements of Catalyst Network Of Churches (the 'charitable company,) for the year ended 31 De¢ember 2024 which comprise the Statement of Financial Acliipities, the Balance Sheet, the Cash Flow, Statement and noies to the financial statements, including a SUMM￿ of significant accounting policies. The financial reporting framework that has been applied in their prepardtion 15 applicable law and United Kingdom Accounting Standards (United Kingdom Generdlly Accepted Accounttng Practice). In our opinion the flnancial statements.. givc a truc and fair vicw of thc statc of thc charitablc company's affairs as at 31 Dcccvnbcr 2024 and of its incorning rcsourccs and application of rcsourccs, including ils incomc and cxpcnditurc, for thc ycar thcn cndcd; have been pioperly prepared in accordance with United Kingdom (ienerally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conductcd our audit in accordancc with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements- section of our ieport. We are indcpcndent of the charitable compaT]y in accoTdance with the ethical requirements ihal are relevani to our audii of the fmancial slaiements in the UK. including Ihe FRC'S Ethical Siandard, and we have fulfilled our other ethical responsibilities in accoidance with these requirements. We believe that the audit evidence we hai'e obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relaling to going concern In auditing the financial statements, we bave concluded thai the trustees, use of the going concern basis of accounting in the preparation of the financial sta￿MentS is appropria*. Based on the work we have perfonned. we have not identified any material uncertainties relating to events or conditions Ihal. individually or collectively, may cast sigmificanl doubt on ihe chariL2ble company's ability to continue as a going concern for a period of ai least Iwelve monihs from when the financial statemenis are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are respon.£ible for the other Inforn￿tI0n. The other inforniation comprises the infomation included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not Cover the other infOrn￿tIon and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. In connection Thith our audit of the fmancial statements, our responsibility is to read the other inforn￿tIon and, in doing SO, Consider whether the other inforn￿tIon is materially iDcot]sistent with the fu￿nCIal stalements or our knowledge obtaincd in thc audit or othcrwi5c appcars to bc matcrially inisstatcd. If wc idcntify such inatcrial inconsistcT]cics or apparent matcrial misstatcmcnts, wc arc rcquircd to dctcrniinc H-hcthcr this giTrcs risc to a matcrial misstatcmcnt in thc financial staternents themselves. If. based on the WOTk we have performed. we conclude that there is a material misstaten]ent of this other infom]ation, we are required to rew)rt that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in rcspcct of thc following mattcrs wherc the Charities {Accounts aT]d Reports) Regulations 2008 requires us lo report io you if. in our opinion= the information givcn in the Rcport uf thc Trusiec5 IS iIicot]515tctLt in any material rcspcct with thc f￿￿nti&l statements; or the charitable company has noi kept adequate accounting recoThls- or the financial statements ale noi TTt a￿eement ivith the accounting recoTds and returns- or we have not received all the infornlalion and explanations we require lor our audii. Page 6

REPORT OF THE II%DEPENDELYT AUDITORS TO THE TRUSTEES OF CATALYST NETWORK OF CHURCHES Responsibilities of trustees As explained more fully in the Statement of Trustees. Responsibililies. the trustees (M,ho are also ihe directors of the ¢haritable company for the purposes of company law) are responsible for the prepardtion of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees detennine is necessary lo enable the preparation of financial statements that are free from material misstatement: whether due to fraud or e￿Or. In preparing the fLt]ancial stalements, the trustees are responsible for assessing the charitable company's ability to continuc as a going conccrn, disclosing, as applicablc, mattcrs rclatcd to going conccrn and using thc going conccrn basis of accounling unlcss thc trustccs cithcr intcnd to liquidatc thc charitablc company or to ccasc opcrations, or havc no realistic alternative but to do so. Our responsibilities for the audit of the financial 5tatetllents Wc havc bcen appointed as auditols undcr Scction 144 uf the ChaTities Act 2011 and rew)rt in accordanLe the Act and relcN'ant regulations Tnadc or haviT]g cffcct thcrcundcr. Our ubjcLlivcs are to obtain re￿onable ￿sUranCe about Mthether the financial Statements as a whole die flee fro material misstatement, w'heiher due lo fraud or error, and io issue a Reporl of ihe Independent Audilors thal includes our opinion. Reasonable assuiance is a high lei'el of assurance. but is not a guarantee that an audit conducted in accordance wilh JSAS {UK} ￿711 always deteci a malerial misslaiement when it exists_ Missralements can arise from fraud or error and are considered material if. individually or in Ihe aggregaie. they could reasonably be expecled 10 influence the economic decisions of users taken on the basis of these financial statements. The extent to ￿]ch our pro¢edures are capable of detecting irregularities, including fraud is detailed below.. The audit process in¢lud¢s an assessment of the entiws risk environment. through enquiry of and discussion with management, including an assessment of any key laws and regulations with which the company musl comply in the ordinary course of its business. Additionally, the overall risks of irregular transactions occurring are assessed following our observations and confirmation of the design and implemenlation of inatlagement's controls. JM]ilst we are mindful of these risks, our audit focus is gcarcd towards thc risk of matcrial misstatcmcnl in thc financial statcincnts as a wholc. As such. our procedures cannot guarantec that all transactions hai'e been ￿llY compliant with all relevant laws and Tegulations, including those regulatlOn5 relating to fraud. a5 our procedures are not designed to detect all instances of non-complianLc. B! dcfinilion. the risk ol our dcieLlion ol non-complianLC IS gtcdtcr whcrc complidnLe with a law or rcgulatiun is rcmovcd from thc cvcnts and transactions rcflected in thc financial statcn]ents. Thc risk is also greater regarding irregularities due lo fraud rather than error. as fraud involves intentional concealmenL forgery. collusion, omission or misrepresenlaiion. A further descripiion of our responsibililies for ihe audii of ihe financial siaiements is localed on ibe Financial Reporting Council's Th'ebsite ai ￿.frc.Org.uk/alldltorSre5pOnSIb1lltIe5. This description fonns part of our Report of the Independent Auditors. Page 7

REPORT OF THE II%DEPENDENT AUDITORS TO THE TRUSTEES OF CATALYST NETWORK OF CHURCHES Use of our report This report is made solely to the charitable companvs trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable companls truslees those matters we are required to state to them in an auditors, report and for no oiher purpose. To the fiillest extent perniitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit worL for this report. or for the opinions we have formed. HB&O Ltd Charteied ALcounlanls and Statuiory Audiior Eli¥iblc to aLt as an auditur in terms of Section 1212 of the Companies Act 2006 HighdoHm House I l Highdowm Road Leaminglon Spa Warwickshire CV31 IXT 3 July 2025 Page 8

CATALYST LYETIVORK OF CHURCHES STATEMENT OF FI￿ANCIAL ACTIVITIES (INCORPOILATING AI% INCOIIIE .AND EXPENDITURE .ICC0U￿T) for the Tr'ear ended 31 December 2024 2024 Total funds 2023 Total funds UnrcstTiCted fund5 RestriLted fund5 NOICS INCOME AL¥D EI%DOMTrIEI%TS FROM Donations and legacies 541J78 349,729 891,107 972,408 Charitable activities Advancement of the Chrisiian Faith 63,280 207,005 270,285 67,630 Investsnenl income 10,706 11.432 22.138 8,418 Total 615,364 568,166 1,183 $30 1,048,456 EXPENDrruRE ON Charitablc activities Advancement of the Christian Faith 358,945 1,191,543 1,550,488 ,138,889 NET INCOiIIEI(EXPENDITURE) 256,419 (117.112) (623J77) 117,112 {366,958) (90.433) Transfer5 betiveen funds 16 Net movement in fund5 139J07 (506365) (366,958) (90,433) RECONCILIATION OF FUNDS Total funds broughl forward 390,950 1,030,125 1,421,075 ,511,508 TOTAL FUNDS CARRIED FORWARD 530,257 523,860 1,054,117 1,421,075 The notes fomi part of these financial statements Page 9

CATALYST LYETIVORK OF CHURCHES BALANCE SHEET 31 December 2024 2024 Total funds 2023 Total funds Unresiricted funds" Restricied funds Notc5 CURRENT ASSETS Debtors Cash at bank and in hand 14 9,300 528,239 9JOO 1,065J74 10,500 1,424,961 537,135 537,135 537539 1,074,674 1,435,461 CREDITORS Amounts falling due Thithin one year 15 (6,879) (13,678) (20,557) (14.386) NET CURRENT ASSETS 530,256 523,861 1,054,117 1,421,075 TOTAL ASSETS LESS CURRENT LIABILITIES 530256 523061 1,054,117 ,421,075 NET ASSETS 530,256 523,861 1,054,117 1,421.075 Fuf4DS Unrestricted funds.. General fund Designated funds 16 226,389 303,867 227,015 163,935 530,256 390,950 Restricted funds: Festival Support of churches European Crisis Fund (Ukraine) Development fund Turkey fund Business redevelopment fLmd Earthquake Appeal Oxford Hub 3,738 827 657,823 31,366 379,940 26,922 37,958 5,014 294,957 36,400 25,382 53,659 523,861 1,030,125 TOTAL FUNDS ,054,117 1,421,075 Thc ch￿l￿bIC Lompany is entitled to excDwtion from audit undei Section 477 of the Conwanies Act 2006 for the year ended 31 December 2024. The members have not deposited nolice, pursuant lo Section 476 of the Companies Act 2006 requiring an audit of these rinancial stalemenis. The notes fomi part of these financial statements Page 10 continued...

CATALYST LYETIVORK OF CHURCHES BALANCE SHEET- continued 31 December 2024 The trustees acknoThledge iheir responsibilities for (a} ensuring that the charitable company keeps accounting records that comply Mryth Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which giN'e a true and fair Triew of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othenvise comply with the requirements of the Companies Act 2006 rclating to financial 5tatcmcntS, 50 far as applicablc to thc charitablc company. (b) These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. The financial statements were appioved by the Boaid of Trustees and authorised foT issue on 3 July 2025 and were signed on ils behalf by.. Andrew Gordon Simpkins- Trustee The notes fomi part of these financial statements Pagell

CATALYST LYETWORK OF CHURCHES CASH FLOW STATEMENT for the l'ear ended 31 December 2024 2024 2023 Notes Cash flows from operating activities Cash generated fiom operations Finance costs paid {381 J28) (397) (61,976) (694) Net cash used in operating activities (381,725) (62,670) Cash flows from investing activities Interest received 22,138 8,418 Net cash provided by iThvesting activities 22,138 8,418 Change in Cash and cash equivalents in the reporting period Cash and Cash equivalents at the beginning of the reporting period {359,587) (54,252) 1,424,961 1,479,213 Cash and cash equivalents at the end of the reporting period 1,065J74 1,424,961 The noles forni part of ihese financial stalements Page 12

CATALYST NETWORK OF CHURCHES NOTES TO THE CASH FLOW sTATEME￿T for the l'ear ended 31 December 2024 RECONCILIATION OF i%ET EXPENDITURE TO NET CASH FLOIV FROM OPERATING ACTIVITIES 2024 2023 Net expenditure for the reporting period {as per the Statement of Financial Activities) Adjustments for: Interest received FinanLe costs Decrease in debtOTS Increase in creditors (366,958) (90,433) (22,138) 397 1,200 6,171 (8,418) 694 29,094 7,087 Net Cash used in operations (381,328) (61,976) ANALYSIS OF CHANGES tN NET FU￿1)s At 1.1.24 Cash flow At 31.12.24 Net eash Cash at bank and in hand 1,424,961 (359,587) 1,065,374 1,424,961 (359,587) 1,065,374 Total ,424,961 (359,587) 1,065,374 The noles forni part of ihese financial stalements Page 13

CATALYST NETIVORK OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS for the l.ear ended 31 December 2024 GENERAL INFORMATION Catalyst Network of Chur¢hes is a private company limited by guarantee incorporated in England and Wales. The registered office is St Columba's, St Columba's Close, Coventry, England, CVI 4BX. ACCOUNTING POLICIES Basis of preparing the financial statements The f1nancial slaiements of the chariiable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities= Statement of Recommended Practice applicable 10 charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiiwe l January 2019),, Financial Reponing Standard 102 The Financial Rep)rting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fjnancial statements have been prepared under the historical cost onvention. Catalyst Network of Churches meets the definition of a public benefit entity under FRS 102. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of fijnds held and the expected level of incoine and expcnditure for 12 months from authorising thcse financial statements. The budgctcd income and expcnditure is sufficient ￿7th thc lei'cl of rc5CTVCS for the charity to be able io continue as a going concern and trustees have incorporated any relevant risks into their a5sumption5 underlying the preparation of the budget. Income Incomc is rccogniscd Ththcn thc chaTity is Icgally cntitlcd to it aftcr any pcrformancc conditions havc bccn MCL thc amounts can bc mcasurcd rcliably, and it is probablc that incomc Thill bc rcccivcd. Cash donations arc rccogni5cd OD rcccipt. OthcT donations arc rccogni5cd oncc Ihc charity has bcctL Dotificd of the donation, unless performance Londitions require defertal of the amount. Income tax recoverable in relation to dovthtions received under Gift Aid OT deeds of covenant is recognised at the titne of the donation. Legacies are recognised on receipi or oiherwise ifthe charity has been notified of an impending distribution. the amounl is kno￿ll, and receipl is eXpec￿d. If Ihe amouni is noi known, the legacy is ireated as a contingen¢ asset. Interest receivable Interest on funds held on deposit is included when Teceivable and the amount can be measured reliably by the charity. this is nonnally upon nolificalion of ihe interest paid or payable by ihe insli¢uiion wiib whom the funds are deposited. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure is recognised where there is a legal or constructive obligation to make payments 10 third panies, it is probable that the settlement will be required and the amouni of the obligalion can be measured reliably. Expenditure includes any VAT which cannot be fi]Ily recovered. and is classified under headings of the Statement of Financial Activiiies to Mthich it relates. Expenditure on raising funds includes the costs of all fimdraising activities, events. non-charitable trading activities, and the sale of donated goods. Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable ainLS for the benefit of its beneficiaries. including those support costs and costs relating to the govcmancc of the charity apportioned to charitable activities. Other expenditure iThclude5 all expenditure thai is neitlier related to raising fund5 for the charity nor part of its expenditure on charitable activities. Page 14 continued...

CATALYST LYETIVORK OF CHURCHES NOTES TO THE FINAYCIAL STATEMENTS - continued for the l.ear ended 31 December 2024 ACCOUNTING POLICIES- continued Expenditure All cosis are allocaied 10 expenditure categories reflecting Ihe use of the resource. Direct costs attributable to a single activiiy are allocated directly to thai aciiN'ity- Shared costs are apportioned between the activities lo Th'hich they contribute, on a reasonable, justifiable and consisteni basis. CJrants offered subject to conditions which have not been met at the year end date are noted as a commitrnent but not accrued as expenditure. Taxation The charity is considered to pass the tests set out in Paragrdph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corpordtion tax purposes. As such, it does not have liability to corporation tax in the course of its nom]al charitable activities. Fund a¢¢ounting CJeneral tunds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectii'es of the charity and which have not been de51gnated for other purposes. Designated funds comprise unrestricted funds that have beeD set aside by the trustees for particular purposes. The aim and use of each designated fi]nd is set out in the notes to the financial staternents. Restricted funds aTe funds w'hich are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income. gains and losses are allocated to Ibe appropriate fund. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheTne. CoT]tributions payable to the chaTitable company's pension scheme are charged lo the sla￿men1 of Financial Activities in the perii)d to which Ihey relate. Cash at bank and in hand Cash at bank and in hand includes cash and short-tcrm highly liquid invcsttncnts with a short maturity of thTCe months or less from the date of acquisition or opening of the deposit or similar account. Liabilities and provisions Liabililies ale recognised when there is an obligation at the Balance Sheel date as a result of a past evenL il is piobable that a transfei of eLonomic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at Ihe amount that the charity anticipafrs it will pay to settle the debt or the amounl it has received as advanced payments for Ihe goods or services li must provide. Provisions are measured al the be.st estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on rhe present value of those amounts, discounted at the pre-tax discount rate Ihat reflects the risks specific to the liabiliry. The Un￿'Inding of the discount is recognised in the Statement of Financial Activities as a finance cost. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrutnents are initially recognised at transaction value and subsequently measured at their settlement value with the exception ot- bank loans which are subsequently measured at amortised cost using the effective interest method. Page 15 continued...

CATALYST LYETIVORK OF CHURCHES NOTES TO THE FINAYCIAL STATEMENTS - continued for the l.ear ended 31 December 2024 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTI￿lATIoN UNCER TAINTY In application of the charity's accounting policie& the trustees are required to make judgements, eslimates and assumptions about the carying 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. Actual results may differ from tbese estitnates. Thc cstimatcs and undcrl)Ing assumptions arc rciicwcd on an ongoing basis. RcTrisions to accounting cstimatcs arc rccogniscd in thc pcriod in wthich thc cstimatc is rcviscd whcrc thc rcTrision affccts only that pcriod or in thc period of the revision and future periods where the revision affects both current and future periods. D0Tr4ATIONS AND LEGACIES 2024 2023 Donations Giants 319,254 571,853 614,042 358,366 891,107 972,408 Grants received, included in the above, are as follows.. 2024 2023 New Life Church, Milion Keyles King's Arn)s Trust, Bedford Jubilcc Church, Coventry Emmanucl Cburch, Oxford Othcr grants 25,426 9,000 39,960 29,800 467,667 7,510 9,080 9,960 67,883 263,933 571,853 358,366 INVESTL¥IENT INCOL¥IE 2024 2023 Deposit account inlercst 22,138 8,418 Page 16 continued...

CATALYST LYETWORK OF CHURCHES NOTES TO THE FINANCIAL STATEMEIITS - continued for the l'ear ended 31 December 2024 INCOiIIE FROM CHARITABLE ACflVITIES 2024 2023 Activity Advanccmcnt of thc Christian Faith Charitablc activities 270,285 67,630 CHAIUTABLE AcfivITIES COSTS Grant funding of activities (see note Support costs (see note 9) Totals Advanccment of thc Christian Faith 905,499 644,989 1,550,488 GRANTS PAYABLE 2024 2023 Advancement of the Christian Faith 905,499 996,834 The total gyants paid to inslilulions during the year was as lollows: 2024 2023 Support of churches 899,873 994,834 SUPPORT COSTS Infomiation technology Governance Management Totsls Advancement of the Christian Faith 632,873 3,516 8,600 644,989 Support costs, included in the above. are as follows.. 2024 Advancement of the Christian Faith 2023 Total actii'ities Wages and salaries Pcnsions Travel Support and other office costs Interest payable and similar charges IT and compurer costs Auditors, remuneration Legal and profesbional fees 188,501 5,682 24,388 413,905 397 3,516 5,000 3,600 51,522 2,146 30,601 47,281 694 3,158 5,000 1,653 644,989 142,055 Page 17 continued...

CATALYST LYETIVORK OF CHURCHES NOTES TO THE FINAYCIAL STATEMENTS - continued for the l.ear ended 31 December 2024 io. NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after char￿ng/(credItIng)= 2024 2023 Audiiors, remuneration 5,000 5,000 TRUSTEES, REVIUNERATION AI%D BENEFITS There were no tru5tees' remuDeratlOD or other benefits for the year ended 31 December 2024 nor for the year cnded 31 DcLember 2023. Trustees, expenses During thc ycar, cxpcnscs incurrcd on bchalf of thc charity to thc valuc of £nil (2023.. £nil) wcrc rcin]buTscd to trustees in the year. t)uring the year. trnstees donated £l.(M)0 (2023: £750) lo the charity- 12. STAFF COSTS 2024 2023 Wages and salaries Other pension costs 188,501 5,682 51,522 2,146 194,183 53,668 Staff expenditure in the year in respect of social security COSts ivas £nil {2023-. £nil). The aveTage monthly number of employees during the year was as follows.. 2024 2023 Central operation5 No cmploycc5 rcccivcd cmolumcnts ITJ cxccss of £60,000. 13. COMPARATIVES FOR THE STATEMEIIT OF FIINANCIAL ACTIVITIES Unrestricted funds Restricted fimds Totsl fimds INCOME AND EI%DOWMEt%TS FROM Donations and legacies 185.131 787.277 972.408 Charitable activities Adi'ancement of the Christian Faith 59.670 7,960 67,630 Investment income 1.186 7.232 8.418 Total 245,987 802,469 1,048,456 EXPENDITURE ON Charitable activities Advancement of the Christian Faith 277,575 861,314 1.138,889 Page 18 continued...

CATALYST LYETIVORK OF CHURCHES NOTES TO THE FINAYCIAL STATEMENTS - continued for the l.ear ended 31 December 2024 13. COMPAIL4TIVES FOR THE STA TEmE￿T OF FI￿ANCIAL ACTII'ITIES- continued Unrestricted Resiricted funds funds Total fimds NET INCOMEI{EXPENDITURE) Transfers between funds (31,588) 16,653 (58,845) (16,653} (90,433) Net movement in funds (14.935) (75.498) {90,433) RECONCILL4TION OF FUNDS Total ￿ndS brought foN'ard 405,886 ,105,622 ,511,508 TOTAL FUNDS CARRiED FORWARD 390,951 1,030.124 1,421,075 14. DEBTORS: AMOUNTS FALLIYG DUE WITHIN ONE YEAR 2024 2023 Other debtors 9,300 10,500 15. CREDJTORS: AiIIOUNTS FALLING DUE IYITHTN OIIE YEAR 2024 2023 Accruals and dcfcrrcd incon]c 20,557 14,386 16. movE￿IENT IN FUNDS Net movemcnt in funds Trdnsfers between fimds At 31.12.24 At 1.1.24 Unrestricted funds General fund Designated funds 227,015 163,935 20,467 235,951 (21,093) (96,019) 226,389 303,867 390,950 256,418 (117,112) 530,256 Restricted funds Festii'al Support of churches European Crisis Fund (Ukrnine) Development fund Turkey fund Business redefv'elopmeni fund Earthquake Appeal Oxford Hub Unreached fund 3.738 827 657,823 31J66 {122,541) 118,803 (827) {277,883) {4,444) 37,958 {5,000) (269,725) 92,417 (74,158) 379,940 26,922 37,958 5,014 294,957 36,400 {14) 150 (75,158) 74,158 25,382 53,659 1,030,125 {623 J76) 117,112 523,861 TOTAL FUNDS 1,421,075 {366,9$8) ,054,117 Page 19 continued...

CATALYST LYETWORK OF CHURCHES NOTES TO THE FINANCIAL STATEMEIITS - continued for the l'ear ended 31 December 2024 16. MOVEMENT IN FUNDS - continued Net movement in funds. included in the above are as follows: Incomino Resources expended Movement funds resources Unrestricted funds General fund DeSigna￿d funds 165,758 449,606 (145,291) (213,655) 20,467 235,951 615J64 (358,946) 256,418 Restricted funds Festival Suppon of churches F.uropean Crisis Fund (Ukraine) Development fund Turkcy fund Busincss rcdcvclopmcnt fund Earthquakc Appcal Oxford Hub Unreached fund 195J46 43,462 21,668 (317,887) (43,462) (299,551) (4,444) {4,010) (5,000) (317,177) (77,696) (122,315) (122,541) (277,883) (4,444) 37,958 (5,000) (269,725) 92,417 (74,158) 41,968 47,452 170,113 48,157 568,166 (1,191,542) (623,376) TOTAL FUNDS 1,183,530 (1,550,488) (366,958) Comparatives for movemeDt in funds Net n]ovemcnt in funds Transfers between fi￿d5 At 31.12.23 At 1.1.23 Unrestricted fund5 Gencral fund Designated funds 222.035 183,851 41.036 (72,625) (36.0561 52,709 227,015 163,935 405,886 (31,589) 16,653 390,950 Restricted funds Festii'al Support of churcbes Europcan Crisis Fund (Ukraine) Lcadcrship wcckend Development fund Cowid-19 fund Busincss rcdcvclopmcnt fimd Earthquake Appeal Oxford Hub 14,303 827 989,701 1,304 59.219 7.454 32,814 {10,565) 3,738 827 657,823 {331,878) (1,3(Hl (24,354) (3,4991 (7,454) 31,366 (27.800) 294.957 42.1 (X) 5,014 294,957 36,400 {5,700) 1,105.622 (58.844) {16,653) 1,030,125 TOTAL FUNDS 1.511,508 {90,433) 1,421,075 Page 20 continued...

CATALYST LYETIVORK OF CHURCHES NOTES TO THE FINAYCIAL STATEMENTS - continued for the l.ear ended 31 December 2024 16. MOVEMENT IN FUNDS - continued Comparative net movem¢nT in funds, included in the above are as follows: Incomino Resources expended Movement Ill funds resources Unrestricted funds CJeneral fund Designated funds 149,389 96,597 (108,353) (169,222) 41,036 (72,625) 245,986 {277,575) (31,589) Restricted funds Festival Support of churches European Crisis Fund (Ukraine) Leadership weekend Dcvclopmcnt fund Business redevelopment fi]nd Earthquake Appcal Oxford Hub 5,439 46,594 61,733 (16,0041 (46,594) (393,611) (1,304) (24,3541 (33.5501 (253,462) (92,435) (10,565) (331,878) (1,304) (24,354) (27,800) 294,957 42,100 5.750 548,419 134,535 802.470 1861,314) 158,844) TOTAL FUNDS 1.048,456 (1,138,889) (90,433) The general fund represents cumulative surpluses since inception and are the frtt reserves of the charity. The Itustees have desigmaled cerlain amounis to enable support for a vatiely ol key areas, lo ring lence from normal unrestricted funds ai'ailable to the chariry. Festival.. This fwid represents surpluses on the activities of the Festival. Support of chur¢hes= The church planting fund is for specific gifts given for specific church plants that Catalyst is involved in. These grants are used to pay grants for these churches or to fund other support giNen to them. European Crisis Fund (Ukraine) fimd.. Catalyst is working with a number of churches based in Ukraine. These funds are used to support those churches. Lcadcrship wcckcnd fund: Thcsc fi]nds arc uscd to support an annual wcckcnd cvcnt in ￿,hICh Catalyst cquips, inspires and releases leaders who make a difference in their environment. Development fund: These funds are used to supwrt New Frontiers churches a￿d apostolic bases in the UK and overseas. Turkey ￿nd. These funds are used io enable rhe iraining of church leaders to equip them to fvlfil their roles and support thcii churLhcs This is indcpcndcnt to Ihc Earthquakc appeal. Business redevelopment fLmd: These funds are to help regenerate business adversely affected by the Covid-19 pandemic. Covid-19: These funds ate used to piovide emergency food and medical ielief to some of the poorest people affected by local Covid restrictions. Grants were made ￿ over 70 churcheslorgainsations in over 30 countries. Earthquake Appeal- These funds are to provide support and relief to those affected by the 2023 Earthquake in the Turkey I Syria border area. This is independent io Ihe Turkey Fund. Page 21 continued...

CATALYST LYETIVORK OF CHURCHES NOTES TO THE FINAYCIAL STATEMENTS - continued for the l.ear ended 31 December 2024 16. MOVEMENT IN FUNDS - continued Oxford Hub.. These funds are working in partnership with a group of Catalysl churches to proiTide church planling support and to equip and trdin leaders. 17. EMPLOYEE BENEFIT OBLIGATIONS The charitable company makes contributions to defined contribution peTsonal pension plans for the ernployee. whereby payments are made to an insurdnce company independent from the finances of the charirable company. Contributions are charged to the statement of financial activities as and when incurred. The charge for the year was £5,682 (2023.. £2,146). At 31 December 2024 and 31 December 2023 there were no prepaid or outstanding contributions due. 18. RELATED PARTY DISCLOSURES Grants totalling £34.655 (2023.. £27,5￿) were paid to New Frontiers lllternational Trust Limited, where Richard Wightman is a Trustee. Grants totalling £14.778 {2023.. £9.080) were receii.ed from. and grants totalling £24.664 (2023.- £13,650) were paid to kn'ng's Atn]s Trust {Bcdford), w'here Roydon Lovcley and Simon Holley arc TrustCCS. Grants totalling £40,960 (2023.- £9.960) wcre rcceii'cd frum, and grants totalling £232 (2023= £nil) were paid to Jubilec Church, Coi'enty, where Andrew Simpkins is a Trustee. Grants- lolallin¥ £174 {2023= £nil) wcrc paid to KA FaLililics (Bcdfoid) Limited, wherc Roydon Loveley and Simon Holley are Trustees. Grants tolalling £35,000 (2023= £nil} were received from, and granls totalling £1, 100 (2023.. £nil) were paid to Newday Generation U.K. Limiied, where Andrew Simpkins and Richard Wighinml are Trustees. Key management". Key management are considered io be the Tn￿lees. whose remuneration is disclosed in the preceding notes to these financial statements. Page 22

CATALYST LYETIVORK OF CHURCHES DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the l.ear ended 31 December 2024 2024 2023 INCOME AND Et%DOIVMEt%TS Donations and legacies Donations Grants 319,254 571,853 614,042 358,366 891,107 972.408 Investment income Deposit account interest 22,138 8,418 Charitable activities Charitable activilies 270,285 67,630 Total incoming resources 1,183,530 1,048,456 EXPENDrruRE Charitable activities Giants to institutions Grants lo individuals 899.873 5,626 994,834 2,000 905,499 996.834 Support costs Management Wages and salaries Pensions TraN'el Support and otheT office costs Finance costs 188,501 5,682 24J88 413,905 397 51,522 2,146 30,601 47,281 694 632,873 132,244 Information technolo&Tr' IT and computer costs 3,516 3,158 Governance costs Auditors, remuneraiion Legal and professional fees 5,01)0 3.600 5,000 .653 8,600 6,653 Total rcsources expcndcd 1,550,488 1,138,889 Net expenditure (366,958) (90,433) This page does not fonn part of The sratulory financial slafrments Page 23