204-208 Pickersleigh Rd Malvern Worcs WR14 2QX Tel: 01684 560277 E: office@mecmalvern.org www.mecmalvern.org Charity Reg no: 1178558 Registered with the Charities Commission in England & Wales ## **Trustees Annual Report 2021** 2021 was an eventful year for Malvern Evangelical Church. As with most churches and organisations around the country, MEC had to adapt to the challenges of continuing to fulfil our mission and objectives in an environment largely dominated by the COVID pandemic and associated restrictions. Despite the challenges, God has been good to us and with the support and contributions from many in the church, throughout the year MEC continued to operate online and in-person as we discovered and explored different ways of being “church”. ## **Church Online** With continued restrictions on meeting indoors effective in the early part of 2021, MEC continued to cater for the congregation with online services. As lockdown was initiated the previous year, services were already being broadcast online on Sunday mornings using pre-recorded sermons and musical worship. MEC moved to live-streamed Sunday morning services using a mixture of prerecorded resources and live broadcasts. As restrictions eased with people allowed to meet in small groups, live-broadcasts of the Sunday morning service continued, often with a few people present in the building on a Sunday morning. There was much relief and celebration as the situation improved sufficiently to allow the congregation to meet again in person later in the year. The investment in setting up the infrastructure for live-streaming was not wasted, and has allowed the church to continue broadcasting services on Sunday mornings, allowing members of the congregation to enjoy the services when they are not able to attend in person. MEC is grateful to all those who helped to make online Sunday services possible during lockdown, both to those who helped set up the technology and provided ministry online. We are especially grateful to Rev. Leston Blackburn, our minister, for his efforts in spearheading the initiative to go online, and for the spiritual encouragement he provided to the church through his ministry, during what was for many a very difficult time. As a result of Covid restrictions, many other aspects of the church’s ministry were adapted for online participation. Many of the weekly Small groups had begun meeting online over Zoom. Online Small group gatherings continued even as restrictions began to ease to allow those isolating to participate. A weekly Sunday evening prayer meeting also continued online over Zoom. Children and youth programs were also adapted to provide support and ministry online to the younger age groups. ## **Care Team** The Care Team continued to offer support to individuals within the church and the wider community who required assistance, particularly those having to isolate as a result of the pandemic. A Benevolence fund, partly resourced from church funds and supplemented by donations from church attenders, was set up to support the work of the care team and to address needs within the fellowship. With restrictions easing other support being available, we began to find less take up of support by the local community. While efforts were made by the church to organise support for members of the church and the wider community struggling with the impacts of the pandemic, we are aware that a lot of care was provided individually by members within the church on their own initiative and often unnoticed. MEC acknowledges all of those in the church who noticed the needs, who shopped for others, called each other up and provided encouragement to those on their own, and in doing so, captured the essence of what it means to be church. ## **Children and Youth Ministry** Provision for children and young people at MEC continued throughout lockdown, albeit in varying formats. Support for children and young people in the church was acknowledged to be a vital area of need at a time when they were having to isolate from friends and peers. At the same time, restrictions to meeting in person provided additional challenges to which the children and youth ministry teams adapted well. The children’s ministry team continued to create “e-packs” which were delivered individually to families by volunteers for use during an online Sunday service. Children, along with their parents or carers were invited to participate in a Zoom session prior to the morning adult online service. The sessions were moderated and led by the children’s team, with time provided for children and adults to engage in activities in the e-packs. The online sessions also allowed families to interact with each other and engage in shared community online. As restrictions eased later in the year, provision for children was adapted to a similar style of service conducted in-person. The children’s ministry team expended a lot of effort to create and deliver teaching, activity and support to children and families throughout the year. Youth groups had moved to meeting online as lockdown went into effect in 2020. This continued through the early part of 2021, with the groups meeting online for prayer, study and social activities over Zoom. The use of Zoom also necessitated introducing new safeguarding guidelines for church youth activities online. The young people took the initiative to organize a monthly social over Zoom, providing the opportunity for them to organise games and activities and to share a short reflection. While the use of Zoom served as a stop-gap measure during lockdown, the enforced isolation highlighted for the young people and leaders the value of community and in-person social interaction, something that organisations across the nation were rediscovering. As soon as restrictions eased, particularly those relating to youth provision, all were relieved when the youth groups were able to meet again in-person, following approved Covid guidelines. By August 2021, restrictions had eased sufficiently to allow MEC to organise a 5-day youth residential at Gaines Manor Christian Activity Centre. This provided a wonderful opportunity for the young people to reconnect, to engage in activities, receive teaching and ministry, and to teach and encourage each other. Youth leaders and the young people were immensely encouraged and blessed by the experience. We have been blessed over the years with a wonderful group of young people and children. MEC is grateful to all the children’s ministry team and youth leaders who have supported them through 2021. ## **Finances** As can be seen from the attached accounts and comments made by our treasurer and independent examiner the trust remains financially viable. More details can be found in their reports and accounts. _Growing together to share God’s heart_ ## **Support for Missions** MEC continued to provide financial and prayer support for a number of local and foreign missions, most of whom were also impacted to some extent by the global pandemic. On a global front, we continued to support missionary families operating in Tasmania, the Sahel region of North Africa, Zambia and The Netherlands. Closer to home, MEC provided financial support for Churches Together in Malvern, the Malvern Hills FoodBank and Christians Against Poverty, organisations supporting the needs of our local community. ## **Volunteers** The work and ministry of the MEC is only made possible with God’s help and the support of willing volunteers. Although the congregation was not always able to meet in-person, many people were involved in helping to keep the various ministries of the church going. During the course of 2021, MEC saw a few changes in appointed roles. One of the Elders resigned, having felt called to serve in other ways. MEC also saw changes in the makeup of the deaconate, with two Deacons stepping back, a new Deacon appointed, and two others reappointed for an additional 3-year term. We wish to acknowledge and express our gratitude to all who have willingly sacrificed their time, who have put themselves out, who have taken on responsibilities and served faithfully, to those who have supported prayerfully and those who have contributed financially. As a church we have been blessed by the many gifts and abilities within the fellowship, but more so by the willingness of all those who have made themselves available to help with teaching, worship, leading, administration, practical tasks and caring. Thank you to all who have served! The Trustees _Growing together to share God’s heart_ Charlty Reglstratlon No. 1178558 c￿nY Regl•tsalion Ilo. CE014236 IEngland •nd Walos) MALVERN EVAMGELICAL CHURCH AMNUAL REPORT AND UNAUDITED FINANCIAL STATEPAEPI FOR THE YEAR ENDED 31 DECEMBER 2021 MALVERN EVANGELICAL CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Leston Blathim (m￿ls1or. Chairl Steva Atknr John J8¢ob Eldern Steve Atknns John Jacc Chris Bray Sean Brodlg D•acon• GeoTge Chakk￿Ge￿90 ITreasurer) Matt Greenhalgh Charlty numb•r 1178558 Princlp•l addros* 210 Pickers*h Ro Malvem Worc8stershlr WR14 2QX K8ndall Wathey LLP Granta Lc¥Jg 71 Graham Ro￿1 Malvem Worc8stershlrn WR14 2JS Bank•rn HS8C Bank k 1 Church Stre8t Malvern Worc**arshire VIR14 2AB MALVERN EVANGELICAL CHURCH CONTENTS Statsrnnt of financial aclivit Balance sheet Notes to the flnanoal Statements 9-24 MALVERN EVANGELICAL CHURCH DEACONS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Deac(w* we8eirttrdr report aThY accounts tr Ihe year erbjed 31 December 2021. Tre ￿)Unts have bgen prep8rgJ in 8ccord#nce with the #ccountlng pclki6s sel out In rth 1 to the atr￿nts and comply wth ihe churth's Rule5 aThJ Cofisthuti￿. the Chartlies kt 2011 and 'Accounting and Reporting by Charities.. Slatsmenl ol Re(x)mmonded Practic8 awicable to chaftbes prepanTrJ tr￿1r acrnjnts in aco)fdan¢e the Flnandal Reporting Starmlard a&Vlicab￿ in tho UK and Republlc of Irdand IFRS 102r laffedbve 1 Januwy 2019> Summary of ihg objects ofthe tharity arn sot Thjt n Its 9)V¢mw￿ ¢knJment The purpos8¥ of the clyjrth shall be: 1.The advance￿ of ts Chrisban faith n actwlance ¥•ith lh8 Basis of Faith primarity txjt not exdusivdy within Mafvem: and 2. other dwifable FWX)ses as shall. In th8 ofthe Elder¥ lurthor th¥ work of the Chureh. Publle Ben•fft The maln publlc bengfft that the WOVKJes bs Ihe of tho Evar*d Chik8tlan Faith wilhln the Mafvem area. which 15 the pn'mary 0￿.4¢t1ve of the charity. Anyonè is welcome to worship at th8 church and any private teneffts r￿1¥￿ by the Deacons is ec￿S￿ler&I to be inc•Jental to the work of the church. The charity also SLbPPOrts the relief of Foverty by way of donat*)n3 to p8(yl8]n nwl and pwlè wthing to ststutory d•¢l•rntlt)n The Trustees consider the actknbes of MEC Iwtlh rogard to the guidance issued by thè Charity Commission on public bgnefill to ba of real valu8. not just to the immediate neighbourhood trAJI mu¢h fufthar afield and lo all age groups. Gmng to Mis•lon MEC ￿￿at•S 10% of its income to supwt Miss￿5 both in the UK ar￿ overseas, this budgot is reviewed onnualty. Contrlbutlon m•d• by volunt••rn MEC Is run by v(Aunteers givlng freoly of th* timg ond see th55 as part of O￿T￿Y)￿hlp and service to The D98￿n$ ha￿ pald dua regard to guldance by the Chaiity cc¥Nnw1￿ In d￿mJIng what athi1188 the church Should undertake. Tho churth prov￿￿e9 a F4ace of worship for its meml)ers. The Church 1$ responsibte for maintaining its labr and envbrons, for oTganising and aftangng rdigi(wJs swvI￿$. supwting its Paslor and staff and providing pastoral (gr&. Making donations to charitsbfe organi5al*)ns rs an expTessMin of 118 *idw responsibrfitie8. The grant maknNJ rdicy is eslabllsw by Ihe dwT¢h c8rttfw and makès grants lo charilabl organi3ation3 demonstr8tiNJ similar objeth'ves and as Ihe thurch. &ants alkKated duiing Ihe year are shown within the accounts. MALVERN EVANGELICAL CHURCH DEACONS. REPORT ICONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2021 Achl•v•rn•nts •nd p•rforn￿n¢0 In the oplnlon of the oga￿1$. tho thurch INqs achieved its statsd ar#J aclith *iihin Ihe year. MEC launched an Irmbative lo start planniThJ lo Extend The Tent by r&building our existing buildin9. For th18 in¢tiatNe, the Treasury team introduced anAccommodatm FuThJ. Bu￿d1￿j was (XM￿&t*] in SwiThJ 2016. This project was detailed in previous accounts. Flnanclal rnvl•w The surplus for thg year arrwjunted to £9.437 {2020 £24,578). The urwestrl¢#8d fvnd fgsery88 at the year end were £91.545 {2020£97.0881. At the year oTr3 the restricted frjnd reserves were £5.415 {2020 £2,3941. DesKJnated funds at the year eThd aTh￿)Un￿d to £629,099 12020: £617,140>, these fiJrKls repr8sont thosg uts'lised in the new church building which will ￿ er(¥Jed by depr￿all￿ w tim•. Tho funds are ad8quats and available to fithll the ot41galions of the 11 Is the poll¢y of the thurch that unreslricted funds whlch have not boen dtrsyrth ft>r a Sp￿ uso should be maintained at 8 lev818qulvalent to betrfftn three and six Ir￿th'S expendilurè. Thè Trustoe5 consbder that reserves al this level ￿1 ensure lthat. in the evgnt of a slgnfficanl in bJnding. they wll bg able to condnue thg churth's ¢urrenl aLkntie5 while consideration is gsven to ways in whl¢h athjitional fuTrJ8 may ￿ iaisgd. This level of reserves has boon mainta1￿d through(MJt the year. Th$ Deacons have assessed the mahor risks to the thw(*18 OXF￿￿1, and arn satisfiod that systems org in pla¢* to mitKJ818 expo8Ufg to the rw ii8k& Structhr¢, gov¢m•n¢• and management The church was estsblishe(J by a tharilat4e trust degj on 13 May 1975. as wsed in the thurch consthjtion in 2CK11. On 9 September 2009 the trtsst deed was uplatod and re￿aCed by a new wnstiiution. The thur rngistered VAU) the Charity Commiss*)n on 4 Decambor 2009. It registered as a CIO on 30th May 2018, tho assets and liabi1itSes of th8 orfglnal Chadty {number 113312514bw8 trarnsferrgd to the CIO on 1 January 2019. The Tntstees and t)&oQ￿s arg ￿rrenty Ser￿ThJ arn as shown on tholggal and adminl8tr8ttve det8115 page. Trustee s•l•¢tl( Only ￿Tren1[Y seNng may be Managing Tntstees, kn¥e¥er, not dl Ehlers are rnqured to be Managing The Eldern ￿11 deudo who from their number shoLld bè MBnaging Tnjstses. Tho thur0* ratrty tNs 01 Church Business Meetsng by secret ballot ar￿ requires a majority of present and voting. MALVERN EVANGELICAL CHURCH DEACONS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Thg Elders 5haU add to Iheir numt¢rfrom ￿rne to Ibme. as shall be $8en to thwi. frryn I number5 of the t*urch. aimiro to rwh unanimity In th￿r dgdsion. Any such intentKJn shall be indicatgd to thg membeis giving notice on the Lor(fs da￿ WILY to a thuTch meeting. arml prayerful comment and unity SOLbght from the mgmbèrs in th8 r￿n￿1)n of the new Elder. The fin81 r8$F£￿thI1ty for the apwntrnonl of an Elder 5haH. however. rest wrth tho existing Eldets. W￿n apwnted a new Elder shall be $eparata(I to the wort by th* existing EldeFS al a a seryice on nsxi convenienl Lord's Day. The New Testament makes a distinction between those who only direct the affw5 of Ihe d)urdb aThJ those ￿Ose work 1$ preaching and tsaching. Ther8 1$ no su9gesllon that the number of t*Mng Ehkn in a gNen Ictal ¢hurth Ls Ilmited. Shoukl any Elder cease to meet the qualffications for this office that Elder will be required to rdinquish rt by the remainlng Elders. Any Elder vlshiThJ to terminate thglr w)sts)n as ￿ Elder shall inform tho rest of tho Eld&rship. gNing as much notice as p05th1e 8¢oNdirg to thg prewaling ar(unstan￿ and provtiling rea8on5 for thoir dea'slon whore possi￿0. Thg Pastor shall be a Teathing Elder ￿lse aptitLKle to re￿1Ve final re5pK¥wbilty for the pastoral oveT5ighl of Ihe church and the mlnlsty of the word has been recoJniwJ by the Eldws, supported by the mombership. To him pathjlarly. the Gospd is comfnitted a5 a sdamn charg8. He is to preach the Word, be prepared in soason and out of soason. ￿rreCt rebuk*, and erwJrag9 Wth great pali8nco and careful instDJction. That he mlght lully pgrfomi this work h8 rs normally to ￿ maintainod by ￿ thurch he serves. The Pastorfs auth¢yity over and above that of other Elders stems from the charge commiited to him by God. Thus he ha5 trom Gcrfj the r￿ and duty to arK))urago and rebuke vrith ￿1 auuvity. letting no one despise him. Ho is n?￿rthelesS to do these thing5 great patiencg as befits a sheperd of Ihe (lock and wrth carolul teaching {i.9. basing hls exhortatlons on Ihe pur8 Word of Godl. onty the glory of the Triune (knj. As the s6nlor Teaching Elder the Pgstor has the right to preswje over all or9anisatlons connected wsth the ¢hur¢h. Tho Pastor shall be in fijl accord the Stsiemw)t of Doctrine and th8 Rules of Pr**c¢. The Nomination of the Pastor shall be mado by the Eldws, giving due ￿nSidera￿ to tho mmd of th8 Lknjrth and Ihg invitabon to the Pastorat& shau b8 by a supporting vole of three quarters of the churth membefshlp present and vow. though ccrfnplele unanimity shall tr* styJghL The vote shall be taken at a thurch meeting specially convened for thi5 purpose. The Pastor shall give the thurch at least three months notice of his de51re to temlnate h1$ minlsty in the church. The church on the Oth￿ hand shal smve the Pastot atlgasl Six nwths notKe to the doswe lo ttifrywnalo hls ministry in thè church. The wortl D¥a¢on literalty moans S8fvant arKI is 80 tr8rk4aled mary tknes in ScrrrtuTe. tt ts also hwver lo dgnota an office in the church. The lunction of thè Deacons is to rel￿Ve the Eldors ol those necessary duUes in the life arKI ¢))NhJct of tr* thurch that are temporal rather than spiritual in nature. In tr+tr5e du￿9 they shall be reswn$ible to the Elde￿. The Dea(ffi$ may be men or women ￿ shall be rnembors of the church who are"known lo be lull of tho spint and vMlom- I￿16 vs 31. The numtw of D8acons shau b8 approprialo lo Ihe ￿rrent nee11s of the church as detemlned by the Elders. DeaDJns shall fK>maNy b& appointed al th6Anr¥A Gener￿ Meet'ryJ of the thun*. tmrt occasionally it may b8 n8¢es$ary to appoint extra D98cons at a nonnal church meeting. When it is rncogNsed by the Elder5 that the appoinlmenl of fijrther Deacons is necessary, M¢m￿r￿ will be inwted to make nominabons from tho Ch(￿th membershp to tho P8slor. or an Eld8r if there is no Pasts, al le8$t fourteèn days befora the meeting. The pastor, or Elder, $h811 obtsln the consent ol the nOM￿ee before that person can be wt fwiard for d8¢*on. At the me8ting the nominatson musl then bo séconded and receive al least a two thffd$ m44xity vote of the membors pr8sent arnl votirffJ b&foro the appointment can be confimfftl by the Elders. A Deacon shall relire after a threg year tenure of office but is dtgitle for r￿derbOn. ff a t)èacon was appointed al a mid-point bafvfftn Annual General Meetings, theiT b.mo of service shall ￿ trom the AGM fdltrwwig th•lr apFxynlm•nL If Ihe Elders are ol th• opinion that a Deacon shall relinquish the offic8 b8fore th8 and of their lerrn tsy Shall inforni the Deacon aTrJ thg church ofthe lerminakn ofthw 8ppthtmenL Persons sogking mambership shall arrange, aftef rèajing a copy of the Church CcM)$b"tiJtion. to ￿ visited by at18ast hvo Ebder5 OT Other mèmbers nominated by the Elders to gain satists¢bon of th￿r new ￿rth, Christian haracter and ￿nSIstent lrfe. reoyd thgir intentiM to alide by the Rules of Practice of the Conslthlion and their wholehearted assent to thurch's Stalement of D￿. Membership is then ￿￿fiM￿d by a vots by Ihe Elders and aC￿Ptance is acknowfjedgeii at th¥ ri¥xi conw¥fiient Loi4* s Table w al a Lnrd's Day oervir•. Inductlon of trust￿$ On induction a Trustee rec*ivès a copy of the Chwch rukn 09109109 version 2, the ￿StitUtiCKb. latest annu financial statements Guldance w the Rde of 8 Trusts8 as issued by th• Charity Cornmis810n. MALVERN EVANGELICAL CHURCH DEACONS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustee3 ara rnsponsibla for satbng r0nwn9ratw￿ for ltrThe staff by the (*wth. Pollci Poli￿eS are athjpted by the Churth to ensure comFllm vlth Chud Pn)teclkn and Environmental Issu88. Future plans Plans for th8 comiThJ year Wbchjde thos8 of incTrasirwJ th* numbers ofth• Doaconats. The Dea¢ons' report was 8ppmYed by tho Deacons. G•orge chakk￿G•orge Deacon Doted.. 15 Ayil 2022 MALVERN EVANGELICAL CHURCH INDEPENDENT EXAMINER'S REPORT TO THE DEACONS OF MALVERN EVANGELICAL CHURCH I report to the Dea¢(vi8 ￿ my owination (rf Ihe fmn¢iJ of Malvem Ewangdicol Church (the church) fol thg y8ar ended 31 Db¢ember 2021. R•sponslbllltles and b•sl$ of r•wt As the Deacons of thè Church yw ara res[￿56b18 for tho preparalion of the fin￿d01 ststements In accordance wtlh the requirements of the CharrhesA¢t 2011 (the 2011 Act). I report in r8SFeCt of my gx8mln81ion of th• thurch's finaFKlal ststèmenls caffied out under 8ectkJn 145 of the 2011 Act. In Co￿ng out my ey2mination I haw fOlkfi￿ dl the ￿1Vabl& Dirptti￿S given by the Charity CryNni￿on urKJer section 1451Sllbl of the 2011 A Ind•￿ndOnt •xamln•rfs sLIt• Your attontlon Is drown to the fact that the chaiity has propared financyal ststements ￿ axordance v*ilh A¢c(MmtirvJ and Reportlng by charrti.es prepariThJ their ao))unts in a(t(Ytl8nce wth the Financial RapO￿ng Standard applKalo ¥1 the UK and Reput4ic ol ITelarKI IFRS 1021 in Preference to the A¢wunting and Repoibng by Charitias.. Statem8nt of Recomrrwdwl Pra*0 i5suwJ on 1 2C¥)S is refeTred to in thg extant regulats'ons but has now béen wthdrawn. l urKlerstsnd that Ihig ha5 boen dcrn In rnkr for finwK481 Ststely￿ts to wov￿? a tru8 and fair vlow in accordance wth Genw4ty A￿pIed A(xoJnting effective fLY reF*)rbng boginning on or after 1 J&wary 2015. I have ojmpleled my examin*]￿. I confimi Ihal no matters have ￿m0 lo my attenth)n In connection ￿th the examlnalion givlng me cause to bel￿e that in any maknial respecL am)unting records wef& not kept in reSFeCt of the churth as req￿￿￿ by 8ecl•)n 130 of 2011 Art Ihe financiaj statsmenls do not coM￿Y with the aFWicat4e req￿￿e￿￿ts ¢on(*mirvJ the forni arKI coniant of a￿)Unts set out Tn tho Charilies {Accounts and RepNts) Regulations 21))8 othef than any requwemenl Ihat thè accounts give a true and fair view which is r￿1 a rnattèr considgrgd as part of an in(dgpgndent 8xaminalion. I have Th) corwns and hava corr* ac¥oss no other mattors In conneC￿n Trmth the examination lo vthich hould b8 d[￿ffl in th15 tewyt In (nlor to a PT¢W undorntanding of the finanrAal stsl&ments Ellzabeth Needham ACA CTA IVAT) KgThJall Wadley LLP Granta Lodge 71 Graham Road Mafvem WR14 2JS .' 15 2022 MALVERN EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Currnnt flThanclo1 y•ar Total Total fund funds gen•ral d•slgnated 20 funds 2021 2020 Notes Donations and legarAes 107.435 8.471 18.485 134,391 132.864 375 Investments Totsl in¢om• 112.996 8.471 18,485 139.952 133.245 Charilable acbVit￿S 104.897 876 24,742 130,515 108.667 Not Ineomlngl(outgolng) rnI￿rCe* (6,257) 9.437 24,578 11 (13.642) 9.278 N•t {exp•ndlturoylncomè lor the y••rl N•t fftovem•nt in funds (5.5431 3.021 9,437 24.578 Fund balance5 at 1 January 2021 97.088 617.140 1394 716.622 692.044 Fund bolaD¢os at 31 D¢c•mb•r 2021 91.545 629.099 5,41S 726.059 716.622 Tho statemont of financial actmuos inckKle5 al galns aTrJ hM8s rgcoJnisod in thg >wr. MALVERN EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVrnES (CONTINUED) INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Prfor flnanclal year • ¢ombln•d Total fvnds funds gw•rnl d•slgnated 2020 2020 funds 2020 2020 Donations and legades other activllies 114,786 375 8.215 132.864 375 Total In¢om• 115.167 8,21S 133,245 Charitsble acliwlie8 91.729 16.861 108,667 N•t Incomlng1{outgolngl r••ourtss b•forn transfgrs 9.786 (8.646) 24,578 11 {13,9351 3,565 10.370 N•t {•X￿ndltUreinncorne lor the yurl N•t movem•nt In funds 9.503 13,351 1.724 24,578 Fund bAlar￿8$ at 1 January 2020 87.585 603.789 670 692,044 Fund balan¢M at 31 00￿mb•r 2020 97.088 617.140 2,394 716,622 Th8 statemont crffThnoal acthiiios al ga5rts and losses T8cxuni56d In the year. Income and eXpe￿Illu￿ dortve from conlinulng ac1fv￿oS. MALVERN EVANGELICAL CHURCH BALANCE SHEEr ASAT 31 DECEMBER 2021 20 2020 Comblned Flx•d •8s•ts T8ngible assets Current ass¢ts Debtor5 Cash al bank and in hand 12 972.460 13 5.442 28.￿3 15.356 12,478 27.834 Credltor•: amounts falllng du• T*lthkn on• ymr 14 129,3791 127,9511 N81 current aSseW(Ibatil￿esl 11171 Total u••ts l••• ¢urr•nt Ilabllltl•s 972.343 cr￿lI0r$. amounts falllng due 1ft0r more than y•ar 15 {229.473) (255.721} Not 726.059 716,622 Incom• funds Restricted fuThts fvn Dgsignalad tunds 17 5.415 2,394 18 617.140 97.088 91.545 714,228 726.059 716.622 Thg financial statements were appmved by the DeacGwg Tr•asurnr MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 A¢¢ountlng Wkl•• Entlty Inforn￿n Mafvern Evangeli¢al Church is a Charltable Inc￿rated organlsat1￿ r¢gstered 7hith the Charity Ctynmisslon in May 2018. Tho prir¥*Ai addrgss Is 210 ￿ck￿￿eIgh Road. Maiwn, Worce$tgrshlre, WR14 2QX. Basls of pr•paratlon Mafvem Evangelica Church w8$ a registerod charity 113125, a new Charitable In(J)fPOrydle(l Organi5ation wos •slatAish￿ and is registered with the Charity Commisslon under number 1178558. Al tho os$èts and Ilabilities of the the fomgr charity were transferred lo the new organtsakn on 1 January 2019. These finan￿￿ statements are prep8r¢d in aCC￿darlCe wth section 27 of the Statement of Recommended Prxbce. mery&r aCc￿￿t￿. Th8 assets. liabilibes and funds oftho enb"tie5 have been aggrogated. the results for the year show lh¥ * InslrW￿nts Is￿8$. of FRS 102 to all of Its Irtstwments. Financial instruments are rwnised in the th￿r(￿'S balarnx sheet 7p*t*n the ¢hurth bec(Mn8s party to the Finandal assets and liabilities aro offseL th the net 8rr#)unts Ple￿ted kn the financial statements, when there i$ a legally enforceab￿ right to $et off the recoanised amounts and there is an intenb.on lo sotue a net basis or to realise the asset and setue th• li81ylity sinKAlaneouay. Basic flnancl•l •ss8ts BasK financi￿ assets. whKh indude dobtors and ¢a$h bank balances. are initially measured at Iransaclion price induding traftsacl*)n costs and we wbsequentty canied at amortis8d wst uslng the effeciive interest method unless the arrangeff￿nI (xJnstitute5 8 finanaThJ trdnsactson, where the Iransaction is measured al Ihe present value of the knturg raceipts discountod at g market rate of interest. Fina￿al 8SS8ts classifi8d 8$ r￿￿1Vabl• T￿thin one yeaf are not amorlis8d. Bas1¢ Ilnanclal Ilabllltl•• Ba￿C financial liabditres, indudirvJ c¥editcrt and barth ban8 are inlllally recogn19ed al transactlon pricg unless the arrangement o)nstiiules a financyng transa¢lKxi. debt instrument is measured at tha 0$onl value of futur& paymènts discounted at a market rate of interest Financaal l￿bIl￿]eS classthed Bs pay8￿• wthln one year are not amorbsed. Debt Instrum8nl8 are subsequ8nty carried * amcffti￿ cos( using tho effectNe interest rate Trade cr8ditOTS orn cljliqakns to pay or that have beon a￿VIr0d In Iho ordinary ¢oursg of operations from supplier5. Arnunts payat4è are daSs￿ed 8s uJTr8nt liabilsbes rf paymenl is due within one year or less. If not, they are pr&s8nted a¥ non-ojrrent Isab￿lt￿. Trade uedrtors are feccgnised initiauy * transxlion price and subsequenljy measured al amort]"sed cost using Ihe sff&clivo intergst mgthod. 11 MALVERN EVANGEUCAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 A¢¢ountlng pollcl•• (Contlnu•d) D•recognllloft of fln•n¢lal Ilabllld•¥ Finanual liabilities are deracognised when the fI￿t￿(￿ obligali(ms ?xpiro or we dis¢har9gd or 1.10 Employ•• hn•llts The (y)st of any hdhjay e￿ement IB li tho ￿rIOd In vthl¢h the gmployeo'8 se￿c$S T8mln8tion b8n8ffts are rwrfsed knmtr*atoly as 8n expense %th8n tho churth Is dgmonstrobly commrtted to terminate the emF4oymgnt of an emFAoyo0 or to provide terminatvm berftffts. In the application of the thurd)'s axounllry F￿￿)￿s. the Deacons are requlrtd to make judgements, estimates and assumpbon$ atr￿ the raffying arrK>unt of assets and liabilrtios that are nol readily apparent Irom other sources. The estimates arKI a5SOCi8tgd assumptions are based on historlcal 8xparfw ar¥J other factors that ar8 con8idered to bg relevant. Acaual resulls may drfyer from Ih8se estimate8. Thg eStinat8s and undetyng a55umptKJns arg r8Wowèd on an ongolng ba￿5. Revisions to accounting estimates are recognisad In the poriod in the estimate i8 rewsed where th¢ revtsbn affe(ts only that perlods. 12- ) J c ooJ OCL MALVERN EVANGEUCAL CHURCH NOTES TO THE FINANCIAL STATEMENTS IcoKnNUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Oth•r actlvltl•s Uftr•strlct•d Umslrithd funds general Cthitxn8d 2020 g•n•ral 2021 Church actbvities and dubs 375 Inv•8trn•nt• fvnds 9•n•ral 2021 fund8 general 2020 Intèrest rrtelvaL48 14- MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Charltabh actlvlil Mlnistry Ind Clubs and ml$$lon fund acllvitl•• TotslPAlnl$try and Clubs and mlssion fund a¢tl¥ttl Total Comblned 2020 2021 2021 2020 2020 Stsff c08ts 37,970 37.970 37.768 37.768 impairment Costs ol runnlng aGli¥iJes Building costs 21.865 21.865 1.760 876 23.658 23,658 1,580 1.780 876 60.711 1.760 62.471 61,￿3 1.580 63,083 Grant fiJrnlNYJ of a¢byib8$ {sa8 not8 7) 24,742 24.742 16.861 16,861 Share o15UPP)rt costs l$èe nota 81 Share of govemance o)st8 (see Th)te 81 27223 27.223 14,264 14.264 128.755 1,760 130,515 107,087 108.667 Analy•l¥ by lund Unrestricted ftJnds- genor81 UnrestrT(tid fiJrwJs. desi9natad Rathctgd fiJnd5 103.137 1.760 104.897 ).149 91.729 876 24,742 876 24.742 77 16.861 16.861 128.755 1.780 130.515 107.087 1,580 108,667 Grnnts payabl• 2021 2020 Combined Grants made (S￿ rgstrithd fvnds nolel 24,742 16.861 24,742 16,861 15- MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2021 Support ¢osts Support Gov•rnan costs costs 2021 Support Govemanc8 2020 Comblnod Other suppoort 29.038 29.038 27.223 27,223 Logal and professional 12.663 12.663 1.260 240 1.260 240 Bank charges 341 341 14.264 43.302 27.223 28,723 Analysed bets￿n 29.038 14.264 43,302 27.223 28.723 services. Oth•r support •xp•nd1￿V• 2021 2020 Bu5kling rep8ws and maintenance Rates and water Light and heat Insurancg 3.736 2.194 2.878 2.726 1.184 2,381 2,683 2,657 171 Telephone Subs¢￿pIlOns Sundry Expenses Mortgag8 Int$￿St Website Costs C￿&Ing Kitthen Sup￿leS 357 1.556 319 10.89) 1,070 2,982 209 1,570 11.710 1.074 408 29,038 27.223 Do•cons N¢)n8 of the {or any peTson$ umnecle(I vAth them) receNed 8ry reMUr￿￿On the yoar. None ofthe D8acon$ were r8imbLbTS8d travolling expenses the yeor. 18- MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 10 Employ••s Numb•r of efflploye•s The average monthly nun*w oter7ylryrn the year was: 2021 2020 Combin•d Mumb•r Numb•r Full-tlme employ•es Employment co•ts 2021 2020 Wages and salarfos 31.1 30.128 876 6,764 Other pension costs 37.970 37.768 Thè omployees are considered to be the key monagement PW5(xxxI. 11 Trnnsf•rs A transfer of £9,278 w88 made from Unrestri￿ to rnslri¢knl lur¥ts to o)var the excess of resldcl8d fund Fdlowing the cornpletk*rt of I￿ accomrr￿dat￿ffi prt4"*X. all restsicted fvnds received in Connection wilh th project wer8 r8le8$8d lo th8 designat￿ ftjnds. Transfgrs are made lo match Ihe v8lu8 of freehold propety and fixtu￿$ and ffttings associated therwth. after due allowanL* for ￿tstarKlIng loans arKI CTodnors. 17- MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 12 Tanglbl• fix•d ass•ts FlxiuTP by4olw• Ilttlng5 & Totsl Cost At 1 January %)21- combinad Additlons 1.040.382 9.732 7.059 372 1.124.057 372 Al 31 Decwnber 2021 1.1>10.382 9.732 66.884 7.431 1,124.429 D¢pr•CI•￿0n 4nd Im￿lm￿nI At l January 2021- c￿b1￿j Dèpffjdation tharged In th8 year 83,347 16.639 56.178 2,875 6,233 151.598 21.865 1.947 At 31 December 2021 7.787 59,053 6.637 173,463 Cayrylng amount At 31 Dgcembgr 2021 940.396 7.831 At 31 D8cembbr 2020. c3Jmbined 957.036 3.892 10.706 826 972.460 13 0•bt¢rn 2020 C¢Mnblned Amount• falllng duo wlthln ¢)ne y•w. Oth•r dgbtors 5.442 15.356 14 Credltor4: amounts f•lllng du• wlthln on• y 2021 2020 Combln•d Nots$ Bank ban5 16 21.245 20,733 Other taxation ond social securfty A¢cnJaLs aThJ def$ff￿ incxx 1,874 1.260 958 1.260 29,379 27,951 18- MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 15 Cr•dltorn: amounts falllng du• after more than on• yw 2021 2020 Combln•d Bank loans 16 209,4n 20.000 2X),721 25.000 229.473 255.721 16 Loans and ov•rdraft¥ 2021 2020 Cofflbln•d Bank k)an$ Other loans 230.718 25.000 251.454 30,000 255,718 281,454 Payable V•rythin w year Payable after one year 26,245 229,473 25,733 255,721 Amounts induded above ￿th1¢h lan duo after yws: Payable by wk8tdmer 111.847 137,968 The lon*tenn108n is soDJed by a the f￿l￿Ad property of tharity. M￿tgag• has boon entered ￿t0 to provide finance for the building of Ihe churd). it is f(* a pgrityJ of 15 ythws, repayable by instalmenls arKI caThies ¥rtoTest at 4.5% pw annum. The other loan rdales to fijnds thanced by a member to faulitala th8 fin8ndng of tho new thurch building. Th15 athance is unsecaJrEd armj inttffjst fr00 and ￿payal￿*. provided hjnds allow, in equal instalments of £5,OLJ). 19- ui aajS 11 ao MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 20 R•latsd paty tran$a¢U(•ns -24- Charlty Reglstratlon No. 1178558 c￿nY Regl•tsalion Ilo. CE014236 IEngland •nd Walos) MALVERN EVAMGELICAL CHURCH AMNUAL REPORT AND UNAUDITED FINANCIAL STATEPAEPI FOR THE YEAR ENDED 31 DECEMBER 2021 MALVERN EVANGELICAL CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Leston Blathim (m￿ls1or. Chairl Steva Atknr John J8¢ob Eldern Steve Atknns John Jacc Chris Bray Sean Brodlg D•acon• GeoTge Chakk￿Ge￿90 ITreasurer) Matt Greenhalgh Charlty numb•r 1178558 Princlp•l addros* 210 Pickers*h Ro Malvem Worc8stershlr WR14 2QX K8ndall Wathey LLP Granta Lc¥Jg 71 Graham Ro￿1 Malvem Worc8stershlrn WR14 2JS Bank•rn HS8C Bank k 1 Church Stre8t Malvern Worc**arshire VIR14 2AB MALVERN EVANGELICAL CHURCH CONTENTS Statsrnnt of financial aclivit Balance sheet Notes to the flnanoal Statements 9-24 MALVERN EVANGELICAL CHURCH DEACONS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Deac(w* we8eirttrdr report aThY accounts tr Ihe year erbjed 31 December 2021. Tre ￿)Unts have bgen prep8rgJ in 8ccord#nce with the #ccountlng pclki6s sel out In rth 1 to the atr￿nts and comply wth ihe churth's Rule5 aThJ Cofisthuti￿. the Chartlies kt 2011 and 'Accounting and Reporting by Charities.. Slatsmenl ol Re(x)mmonded Practic8 awicable to chaftbes prepanTrJ tr￿1r acrnjnts in aco)fdan¢e the Flnandal Reporting Starmlard a&Vlicab￿ in tho UK and Republlc of Irdand IFRS 102r laffedbve 1 Januwy 2019> Summary of ihg objects ofthe tharity arn sot Thjt n Its 9)V¢mw￿ ¢knJment The purpos8¥ of the clyjrth shall be: 1.The advance￿ of ts Chrisban faith n actwlance ¥•ith lh8 Basis of Faith primarity txjt not exdusivdy within Mafvem: and 2. other dwifable FWX)ses as shall. In th8 ofthe Elder¥ lurthor th¥ work of the Chureh. Publle Ben•fft The maln publlc bengfft that the WOVKJes bs Ihe of tho Evar*d Chik8tlan Faith wilhln the Mafvem area. which 15 the pn'mary 0￿.4¢t1ve of the charity. Anyonè is welcome to worship at th8 church and any private teneffts r￿1¥￿ by the Deacons is ec￿S￿ler&I to be inc•Jental to the work of the church. The charity also SLbPPOrts the relief of Foverty by way of donat*)n3 to p8(yl8]n nwl and pwlè wthing to ststutory d•¢l•rntlt)n The Trustees consider the actknbes of MEC Iwtlh rogard to the guidance issued by thè Charity Commission on public bgnefill to ba of real valu8. not just to the immediate neighbourhood trAJI mu¢h fufthar afield and lo all age groups. Gmng to Mis•lon MEC ￿￿at•S 10% of its income to supwt Miss￿5 both in the UK ar￿ overseas, this budgot is reviewed onnualty. Contrlbutlon m•d• by volunt••rn MEC Is run by v(Aunteers givlng freoly of th* timg ond see th55 as part of O￿T￿Y)￿hlp and service to The D98￿n$ ha￿ pald dua regard to guldance by the Chaiity cc¥Nnw1￿ In d￿mJIng what athi1188 the church Should undertake. Tho churth prov￿￿e9 a F4ace of worship for its meml)ers. The Church 1$ responsibte for maintaining its labr and envbrons, for oTganising and aftangng rdigi(wJs swvI￿$. supwting its Paslor and staff and providing pastoral (gr&. Making donations to charitsbfe organi5al*)ns rs an expTessMin of 118 *idw responsibrfitie8. The grant maknNJ rdicy is eslabllsw by Ihe dwT¢h c8rttfw and makès grants lo charilabl organi3ation3 demonstr8tiNJ similar objeth'ves and as Ihe thurch. &ants alkKated duiing Ihe year are shown within the accounts. MALVERN EVANGELICAL CHURCH DEACONS. REPORT ICONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2021 Achl•v•rn•nts •nd p•rforn￿n¢0 In the oplnlon of the oga￿1$. tho thurch INqs achieved its statsd ar#J aclith *iihin Ihe year. MEC launched an Irmbative lo start planniThJ lo Extend The Tent by r&building our existing buildin9. For th18 in¢tiatNe, the Treasury team introduced anAccommodatm FuThJ. Bu￿d1￿j was (XM￿&t*] in SwiThJ 2016. This project was detailed in previous accounts. Flnanclal rnvl•w The surplus for thg year arrwjunted to £9.437 {2020 £24,578). The urwestrl¢#8d fvnd fgsery88 at the year end were £91.545 {2020£97.0881. At the year oTr3 the restricted frjnd reserves were £5.415 {2020 £2,3941. DesKJnated funds at the year eThd aTh￿)Un￿d to £629,099 12020: £617,140>, these fiJrKls repr8sont thosg uts'lised in the new church building which will ￿ er(¥Jed by depr￿all￿ w tim•. Tho funds are ad8quats and available to fithll the ot41galions of the 11 Is the poll¢y of the thurch that unreslricted funds whlch have not boen dtrsyrth ft>r a Sp￿ uso should be maintained at 8 lev818qulvalent to betrfftn three and six Ir￿th'S expendilurè. Thè Trustoe5 consbder that reserves al this level ￿1 ensure lthat. in the evgnt of a slgnfficanl in bJnding. they wll bg able to condnue thg churth's ¢urrenl aLkntie5 while consideration is gsven to ways in whl¢h athjitional fuTrJ8 may ￿ iaisgd. This level of reserves has boon mainta1￿d through(MJt the year. Th$ Deacons have assessed the mahor risks to the thw(*18 OXF￿￿1, and arn satisfiod that systems org in pla¢* to mitKJ818 expo8Ufg to the rw ii8k& Structhr¢, gov¢m•n¢• and management The church was estsblishe(J by a tharilat4e trust degj on 13 May 1975. as wsed in the thurch consthjtion in 2CK11. On 9 September 2009 the trtsst deed was uplatod and re￿aCed by a new wnstiiution. The thur rngistered VAU) the Charity Commiss*)n on 4 Decambor 2009. It registered as a CIO on 30th May 2018, tho assets and liabi1itSes of th8 orfglnal Chadty {number 113312514bw8 trarnsferrgd to the CIO on 1 January 2019. The Tntstees and t)&oQ￿s arg ￿rrenty Ser￿ThJ arn as shown on tholggal and adminl8tr8ttve det8115 page. Trustee s•l•¢tl( Only ￿Tren1[Y seNng may be Managing Tntstees, kn¥e¥er, not dl Ehlers are rnqured to be Managing The Eldern ￿11 deudo who from their number shoLld bè MBnaging Tnjstses. Tho thur0* ratrty tNs 01 Church Business Meetsng by secret ballot ar￿ requires a majority of present and voting. MALVERN EVANGELICAL CHURCH DEACONS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Thg Elders 5haU add to Iheir numt¢rfrom ￿rne to Ibme. as shall be $8en to thwi. frryn I number5 of the t*urch. aimiro to rwh unanimity In th￿r dgdsion. Any such intentKJn shall be indicatgd to thg membeis giving notice on the Lor(fs da￿ WILY to a thuTch meeting. arml prayerful comment and unity SOLbght from the mgmbèrs in th8 r￿n￿1)n of the new Elder. The fin81 r8$F£￿thI1ty for the apwntrnonl of an Elder 5haH. however. rest wrth tho existing Eldets. W￿n apwnted a new Elder shall be $eparata(I to the wort by th* existing EldeFS al a a seryice on nsxi convenienl Lord's Day. The New Testament makes a distinction between those who only direct the affw5 of Ihe d)urdb aThJ those ￿Ose work 1$ preaching and tsaching. Ther8 1$ no su9gesllon that the number of t*Mng Ehkn in a gNen Ictal ¢hurth Ls Ilmited. Shoukl any Elder cease to meet the qualffications for this office that Elder will be required to rdinquish rt by the remainlng Elders. Any Elder vlshiThJ to terminate thglr w)sts)n as ￿ Elder shall inform tho rest of tho Eld&rship. gNing as much notice as p05th1e 8¢oNdirg to thg prewaling ar(unstan￿ and provtiling rea8on5 for thoir dea'slon whore possi￿0. Thg Pastor shall be a Teathing Elder ￿lse aptitLKle to re￿1Ve final re5pK¥wbilty for the pastoral oveT5ighl of Ihe church and the mlnlsty of the word has been recoJniwJ by the Eldws, supported by the mombership. To him pathjlarly. the Gospd is comfnitted a5 a sdamn charg8. He is to preach the Word, be prepared in soason and out of soason. ￿rreCt rebuk*, and erwJrag9 Wth great pali8nco and careful instDJction. That he mlght lully pgrfomi this work h8 rs normally to ￿ maintainod by ￿ thurch he serves. The Pastorfs auth¢yity over and above that of other Elders stems from the charge commiited to him by God. Thus he ha5 trom Gcrfj the r￿ and duty to arK))urago and rebuke vrith ￿1 auuvity. letting no one despise him. Ho is n?￿rthelesS to do these thing5 great patiencg as befits a sheperd of Ihe (lock and wrth carolul teaching {i.9. basing hls exhortatlons on Ihe pur8 Word of Godl. onty the glory of the Triune (knj. As the s6nlor Teaching Elder the Pgstor has the right to preswje over all or9anisatlons connected wsth the ¢hur¢h. Tho Pastor shall be in fijl accord the Stsiemw)t of Doctrine and th8 Rules of Pr**c¢. The Nomination of the Pastor shall be mado by the Eldws, giving due ￿nSidera￿ to tho mmd of th8 Lknjrth and Ihg invitabon to the Pastorat& shau b8 by a supporting vole of three quarters of the churth membefshlp present and vow. though ccrfnplele unanimity shall tr* styJghL The vote shall be taken at a thurch meeting specially convened for thi5 purpose. The Pastor shall give the thurch at least three months notice of his de51re to temlnate h1$ minlsty in the church. The church on the Oth￿ hand shal smve the Pastot atlgasl Six nwths notKe to the doswe lo ttifrywnalo hls ministry in thè church. The wortl D¥a¢on literalty moans S8fvant arKI is 80 tr8rk4aled mary tknes in ScrrrtuTe. tt ts also hwver lo dgnota an office in the church. The lunction of thè Deacons is to rel￿Ve the Eldors ol those necessary duUes in the life arKI ¢))NhJct of tr* thurch that are temporal rather than spiritual in nature. In tr+tr5e du￿9 they shall be reswn$ible to the Elde￿. The Dea(ffi$ may be men or women ￿ shall be rnembors of the church who are"known lo be lull of tho spint and vMlom- I￿16 vs 31. The numtw of D8acons shau b8 approprialo lo Ihe ￿rrent nee11s of the church as detemlned by the Elders. DeaDJns shall fK>maNy b& appointed al th6Anr¥A Gener￿ Meet'ryJ of the thun*. tmrt occasionally it may b8 n8¢es$ary to appoint extra D98cons at a nonnal church meeting. When it is rncogNsed by the Elder5 that the appoinlmenl of fijrther Deacons is necessary, M¢m￿r￿ will be inwted to make nominabons from tho Ch(￿th membershp to tho P8slor. or an Eld8r if there is no Pasts, al le8$t fourteèn days befora the meeting. The pastor, or Elder, $h811 obtsln the consent ol the nOM￿ee before that person can be wt fwiard for d8¢*on. At the me8ting the nominatson musl then bo séconded and receive al least a two thffd$ m44xity vote of the membors pr8sent arnl votirffJ b&foro the appointment can be confimfftl by the Elders. A Deacon shall relire after a threg year tenure of office but is dtgitle for r￿derbOn. ff a t)èacon was appointed al a mid-point bafvfftn Annual General Meetings, theiT b.mo of service shall ￿ trom the AGM fdltrwwig th•lr apFxynlm•nL If Ihe Elders are ol th• opinion that a Deacon shall relinquish the offic8 b8fore th8 and of their lerrn tsy Shall inforni the Deacon aTrJ thg church ofthe lerminakn ofthw 8ppthtmenL Persons sogking mambership shall arrange, aftef rèajing a copy of the Church CcM)$b"tiJtion. to ￿ visited by at18ast hvo Ebder5 OT Other mèmbers nominated by the Elders to gain satists¢bon of th￿r new ￿rth, Christian haracter and ￿nSIstent lrfe. reoyd thgir intentiM to alide by the Rules of Practice of the Conslthlion and their wholehearted assent to thurch's Stalement of D￿. Membership is then ￿￿fiM￿d by a vots by Ihe Elders and aC￿Ptance is acknowfjedgeii at th¥ ri¥xi conw¥fiient Loi4* s Table w al a Lnrd's Day oervir•. Inductlon of trust￿$ On induction a Trustee rec*ivès a copy of the Chwch rukn 09109109 version 2, the ￿StitUtiCKb. latest annu financial statements Guldance w the Rde of 8 Trusts8 as issued by th• Charity Cornmis810n. MALVERN EVANGELICAL CHURCH DEACONS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustee3 ara rnsponsibla for satbng r0nwn9ratw￿ for ltrThe staff by the (*wth. Pollci Poli￿eS are athjpted by the Churth to ensure comFllm vlth Chud Pn)teclkn and Environmental Issu88. Future plans Plans for th8 comiThJ year Wbchjde thos8 of incTrasirwJ th* numbers ofth• Doaconats. The Dea¢ons' report was 8ppmYed by tho Deacons. G•orge chakk￿G•orge Deacon Doted.. 15 Ayil 2022 MALVERN EVANGELICAL CHURCH INDEPENDENT EXAMINER'S REPORT TO THE DEACONS OF MALVERN EVANGELICAL CHURCH I report to the Dea¢(vi8 ￿ my owination (rf Ihe fmn¢iJ of Malvem Ewangdicol Church (the church) fol thg y8ar ended 31 Db¢ember 2021. R•sponslbllltles and b•sl$ of r•wt As the Deacons of thè Church yw ara res[￿56b18 for tho preparalion of the fin￿d01 ststements In accordance wtlh the requirements of the CharrhesA¢t 2011 (the 2011 Act). I report in r8SFeCt of my gx8mln81ion of th• thurch's finaFKlal ststèmenls caffied out under 8ectkJn 145 of the 2011 Act. In Co￿ng out my ey2mination I haw fOlkfi￿ dl the ￿1Vabl& Dirptti￿S given by the Charity CryNni￿on urKJer section 1451Sllbl of the 2011 A Ind•￿ndOnt •xamln•rfs sLIt• Your attontlon Is drown to the fact that the chaiity has propared financyal ststements ￿ axordance v*ilh A¢c(MmtirvJ and Reportlng by charrti.es prepariThJ their ao))unts in a(t(Ytl8nce wth the Financial RapO￿ng Standard applKalo ¥1 the UK and Reput4ic ol ITelarKI IFRS 1021 in Preference to the A¢wunting and Repoibng by Charitias.. Statem8nt of Recomrrwdwl Pra*0 i5suwJ on 1 2C¥)S is refeTred to in thg extant regulats'ons but has now béen wthdrawn. l urKlerstsnd that Ihig ha5 boen dcrn In rnkr for finwK481 Ststely￿ts to wov￿? a tru8 and fair vlow in accordance wth Genw4ty A￿pIed A(xoJnting effective fLY reF*)rbng boginning on or after 1 J&wary 2015. I have ojmpleled my examin*]￿. I confimi Ihal no matters have ￿m0 lo my attenth)n In connection ￿th the examlnalion givlng me cause to bel￿e that in any maknial respecL am)unting records wef& not kept in reSFeCt of the churth as req￿￿￿ by 8ecl•)n 130 of 2011 Art Ihe financiaj statsmenls do not coM￿Y with the aFWicat4e req￿￿e￿￿ts ¢on(*mirvJ the forni arKI coniant of a￿)Unts set out Tn tho Charilies {Accounts and RepNts) Regulations 21))8 othef than any requwemenl Ihat thè accounts give a true and fair view which is r￿1 a rnattèr considgrgd as part of an in(dgpgndent 8xaminalion. I have Th) corwns and hava corr* ac¥oss no other mattors In conneC￿n Trmth the examination lo vthich hould b8 d[￿ffl in th15 tewyt In (nlor to a PT¢W undorntanding of the finanrAal stsl&ments Ellzabeth Needham ACA CTA IVAT) KgThJall Wadley LLP Granta Lodge 71 Graham Road Mafvem WR14 2JS .' 15 2022 MALVERN EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Currnnt flThanclo1 y•ar Total Total fund funds gen•ral d•slgnated 20 funds 2021 2020 Notes Donations and legarAes 107.435 8.471 18.485 134,391 132.864 375 Investments Totsl in¢om• 112.996 8.471 18,485 139.952 133.245 Charilable acbVit￿S 104.897 876 24,742 130,515 108.667 Not Ineomlngl(outgolng) rnI￿rCe* (6,257) 9.437 24,578 11 (13.642) 9.278 N•t {exp•ndlturoylncomè lor the y••rl N•t fftovem•nt in funds (5.5431 3.021 9,437 24.578 Fund balance5 at 1 January 2021 97.088 617.140 1394 716.622 692.044 Fund bolaD¢os at 31 D¢c•mb•r 2021 91.545 629.099 5,41S 726.059 716.622 Tho statemont of financial actmuos inckKle5 al galns aTrJ hM8s rgcoJnisod in thg >wr. MALVERN EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVrnES (CONTINUED) INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Prfor flnanclal year • ¢ombln•d Total fvnds funds gw•rnl d•slgnated 2020 2020 funds 2020 2020 Donations and legades other activllies 114,786 375 8.215 132.864 375 Total In¢om• 115.167 8,21S 133,245 Charitsble acliwlie8 91.729 16.861 108,667 N•t Incomlng1{outgolngl r••ourtss b•forn transfgrs 9.786 (8.646) 24,578 11 {13,9351 3,565 10.370 N•t {•X￿ndltUreinncorne lor the yurl N•t movem•nt In funds 9.503 13,351 1.724 24,578 Fund bAlar￿8$ at 1 January 2020 87.585 603.789 670 692,044 Fund balan¢M at 31 00￿mb•r 2020 97.088 617.140 2,394 716,622 Th8 statemont crffThnoal acthiiios al ga5rts and losses T8cxuni56d In the year. Income and eXpe￿Illu￿ dortve from conlinulng ac1fv￿oS. MALVERN EVANGELICAL CHURCH BALANCE SHEEr ASAT 31 DECEMBER 2021 20 2020 Comblned Flx•d •8s•ts T8ngible assets Current ass¢ts Debtor5 Cash al bank and in hand 12 972.460 13 5.442 28.￿3 15.356 12,478 27.834 Credltor•: amounts falllng du• T*lthkn on• ymr 14 129,3791 127,9511 N81 current aSseW(Ibatil￿esl 11171 Total u••ts l••• ¢urr•nt Ilabllltl•s 972.343 cr￿lI0r$. amounts falllng due 1ft0r more than y•ar 15 {229.473) (255.721} Not 726.059 716,622 Incom• funds Restricted fuThts fvn Dgsignalad tunds 17 5.415 2,394 18 617.140 97.088 91.545 714,228 726.059 716.622 Thg financial statements were appmved by the DeacGwg Tr•asurnr MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 A¢¢ountlng Wkl•• Entlty Inforn￿n Mafvern Evangeli¢al Church is a Charltable Inc￿rated organlsat1￿ r¢gstered 7hith the Charity Ctynmisslon in May 2018. Tho prir¥*Ai addrgss Is 210 ￿ck￿￿eIgh Road. Maiwn, Worce$tgrshlre, WR14 2QX. Basls of pr•paratlon Mafvem Evangelica Church w8$ a registerod charity 113125, a new Charitable In(J)fPOrydle(l Organi5ation wos •slatAish￿ and is registered with the Charity Commisslon under number 1178558. Al tho os$èts and Ilabilities of the the fomgr charity were transferred lo the new organtsakn on 1 January 2019. These finan￿￿ statements are prep8r¢d in aCC￿darlCe wth section 27 of the Statement of Recommended Prxbce. mery&r aCc￿￿t￿. Th8 assets. liabilibes and funds oftho enb"tie5 have been aggrogated. the results for the year show lh¥ * InslrW￿nts Is￿8$. of FRS 102 to all of Its Irtstwments. Financial instruments are rwnised in the th￿r(￿'S balarnx sheet 7p*t*n the ¢hurth bec(Mn8s party to the Finandal assets and liabilities aro offseL th the net 8rr#)unts Ple￿ted kn the financial statements, when there i$ a legally enforceab￿ right to $et off the recoanised amounts and there is an intenb.on lo sotue a net basis or to realise the asset and setue th• li81ylity sinKAlaneouay. Basic flnancl•l •ss8ts BasK financi￿ assets. whKh indude dobtors and ¢a$h bank balances. are initially measured at Iransaclion price induding traftsacl*)n costs and we wbsequentty canied at amortis8d wst uslng the effeciive interest method unless the arrangeff￿nI (xJnstitute5 8 finanaThJ trdnsactson, where the Iransaction is measured al Ihe present value of the knturg raceipts discountod at g market rate of interest. Fina￿al 8SS8ts classifi8d 8$ r￿￿1Vabl• T￿thin one yeaf are not amorlis8d. Bas1¢ Ilnanclal Ilabllltl•• Ba￿C financial liabditres, indudirvJ c¥editcrt and barth ban8 are inlllally recogn19ed al transactlon pricg unless the arrangement o)nstiiules a financyng transa¢lKxi. debt instrument is measured at tha 0$onl value of futur& paymènts discounted at a market rate of interest Financaal l￿bIl￿]eS classthed Bs pay8￿• wthln one year are not amorbsed. Debt Instrum8nl8 are subsequ8nty carried * amcffti￿ cos( using tho effectNe interest rate Trade cr8ditOTS orn cljliqakns to pay or that have beon a￿VIr0d In Iho ordinary ¢oursg of operations from supplier5. Arnunts payat4è are daSs￿ed 8s uJTr8nt liabilsbes rf paymenl is due within one year or less. If not, they are pr&s8nted a¥ non-ojrrent Isab￿lt￿. Trade uedrtors are feccgnised initiauy * transxlion price and subsequenljy measured al amort]"sed cost using Ihe sff&clivo intergst mgthod. 11 MALVERN EVANGEUCAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 A¢¢ountlng pollcl•• (Contlnu•d) D•recognllloft of fln•n¢lal Ilabllld•¥ Finanual liabilities are deracognised when the fI￿t￿(￿ obligali(ms ?xpiro or we dis¢har9gd or 1.10 Employ•• hn•llts The (y)st of any hdhjay e￿ement IB li tho ￿rIOd In vthl¢h the gmployeo'8 se￿c$S T8mln8tion b8n8ffts are rwrfsed knmtr*atoly as 8n expense %th8n tho churth Is dgmonstrobly commrtted to terminate the emF4oymgnt of an emFAoyo0 or to provide terminatvm berftffts. In the application of the thurd)'s axounllry F￿￿)￿s. the Deacons are requlrtd to make judgements, estimates and assumpbon$ atr￿ the raffying arrK>unt of assets and liabilrtios that are nol readily apparent Irom other sources. The estimates arKI a5SOCi8tgd assumptions are based on historlcal 8xparfw ar¥J other factors that ar8 con8idered to bg relevant. Acaual resulls may drfyer from Ih8se estimate8. Thg eStinat8s and undetyng a55umptKJns arg r8Wowèd on an ongolng ba￿5. Revisions to accounting estimates are recognisad In the poriod in the estimate i8 rewsed where th¢ revtsbn affe(ts only that perlods. 12- ) J c ooJ OCL MALVERN EVANGEUCAL CHURCH NOTES TO THE FINANCIAL STATEMENTS IcoKnNUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Oth•r actlvltl•s Uftr•strlct•d Umslrithd funds general Cthitxn8d 2020 g•n•ral 2021 Church actbvities and dubs 375 Inv•8trn•nt• fvnds 9•n•ral 2021 fund8 general 2020 Intèrest rrtelvaL48 14- MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Charltabh actlvlil Mlnistry Ind Clubs and ml$$lon fund acllvitl•• TotslPAlnl$try and Clubs and mlssion fund a¢tl¥ttl Total Comblned 2020 2021 2021 2020 2020 Stsff c08ts 37,970 37.970 37.768 37.768 impairment Costs ol runnlng aGli¥iJes Building costs 21.865 21.865 1.760 876 23.658 23,658 1,580 1.780 876 60.711 1.760 62.471 61,￿3 1.580 63,083 Grant fiJrnlNYJ of a¢byib8$ {sa8 not8 7) 24,742 24.742 16.861 16,861 Share o15UPP)rt costs l$èe nota 81 Share of govemance o)st8 (see Th)te 81 27223 27.223 14,264 14.264 128.755 1,760 130,515 107,087 108.667 Analy•l¥ by lund Unrestricted ftJnds- genor81 UnrestrT(tid fiJrwJs. desi9natad Rathctgd fiJnd5 103.137 1.760 104.897 ).149 91.729 876 24,742 876 24.742 77 16.861 16.861 128.755 1.780 130.515 107.087 1,580 108,667 Grnnts payabl• 2021 2020 Combined Grants made (S￿ rgstrithd fvnds nolel 24,742 16.861 24,742 16,861 15- MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2021 Support ¢osts Support Gov•rnan costs costs 2021 Support Govemanc8 2020 Comblnod Other suppoort 29.038 29.038 27.223 27,223 Logal and professional 12.663 12.663 1.260 240 1.260 240 Bank charges 341 341 14.264 43.302 27.223 28,723 Analysed bets￿n 29.038 14.264 43,302 27.223 28.723 services. Oth•r support •xp•nd1￿V• 2021 2020 Bu5kling rep8ws and maintenance Rates and water Light and heat Insurancg 3.736 2.194 2.878 2.726 1.184 2,381 2,683 2,657 171 Telephone Subs¢￿pIlOns Sundry Expenses Mortgag8 Int$￿St Website Costs C￿&Ing Kitthen Sup￿leS 357 1.556 319 10.89) 1,070 2,982 209 1,570 11.710 1.074 408 29,038 27.223 Do•cons N¢)n8 of the {or any peTson$ umnecle(I vAth them) receNed 8ry reMUr￿￿On the yoar. None ofthe D8acon$ were r8imbLbTS8d travolling expenses the yeor. 18- MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 10 Employ••s Numb•r of efflploye•s The average monthly nun*w oter7ylryrn the year was: 2021 2020 Combin•d Mumb•r Numb•r Full-tlme employ•es Employment co•ts 2021 2020 Wages and salarfos 31.1 30.128 876 6,764 Other pension costs 37.970 37.768 Thè omployees are considered to be the key monagement PW5(xxxI. 11 Trnnsf•rs A transfer of £9,278 w88 made from Unrestri￿ to rnslri¢knl lur¥ts to o)var the excess of resldcl8d fund Fdlowing the cornpletk*rt of I￿ accomrr￿dat￿ffi prt4"*X. all restsicted fvnds received in Connection wilh th project wer8 r8le8$8d lo th8 designat￿ ftjnds. Transfgrs are made lo match Ihe v8lu8 of freehold propety and fixtu￿$ and ffttings associated therwth. after due allowanL* for ￿tstarKlIng loans arKI CTodnors. 17- MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 12 Tanglbl• fix•d ass•ts FlxiuTP by4olw• Ilttlng5 & Totsl Cost At 1 January %)21- combinad Additlons 1.040.382 9.732 7.059 372 1.124.057 372 Al 31 Decwnber 2021 1.1>10.382 9.732 66.884 7.431 1,124.429 D¢pr•CI•￿0n 4nd Im￿lm￿nI At l January 2021- c￿b1￿j Dèpffjdation tharged In th8 year 83,347 16.639 56.178 2,875 6,233 151.598 21.865 1.947 At 31 December 2021 7.787 59,053 6.637 173,463 Cayrylng amount At 31 Dgcembgr 2021 940.396 7.831 At 31 D8cembbr 2020. c3Jmbined 957.036 3.892 10.706 826 972.460 13 0•bt¢rn 2020 C¢Mnblned Amount• falllng duo wlthln ¢)ne y•w. Oth•r dgbtors 5.442 15.356 14 Credltor4: amounts f•lllng du• wlthln on• y 2021 2020 Combln•d Nots$ Bank ban5 16 21.245 20,733 Other taxation ond social securfty A¢cnJaLs aThJ def$ff￿ incxx 1,874 1.260 958 1.260 29,379 27,951 18- MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 15 Cr•dltorn: amounts falllng du• after more than on• yw 2021 2020 Combln•d Bank loans 16 209,4n 20.000 2X),721 25.000 229.473 255.721 16 Loans and ov•rdraft¥ 2021 2020 Cofflbln•d Bank k)an$ Other loans 230.718 25.000 251.454 30,000 255,718 281,454 Payable V•rythin w year Payable after one year 26,245 229,473 25,733 255,721 Amounts induded above ￿th1¢h lan duo after yws: Payable by wk8tdmer 111.847 137,968 The lon*tenn108n is soDJed by a the f￿l￿Ad property of tharity. M￿tgag• has boon entered ￿t0 to provide finance for the building of Ihe churd). it is f(* a pgrityJ of 15 ythws, repayable by instalmenls arKI caThies ¥rtoTest at 4.5% pw annum. The other loan rdales to fijnds thanced by a member to faulitala th8 fin8ndng of tho new thurch building. Th15 athance is unsecaJrEd armj inttffjst fr00 and ￿payal￿*. provided hjnds allow, in equal instalments of £5,OLJ). 19- ui aajS 11 ao MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 20 R•latsd paty tran$a¢U(•ns -24-