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