2022-12-31-accounts - Malvern Evangelical Church

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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 2022

Calendar year 2022 was a year of transition for Malvern Evangelical Church (MEC). In the first half of the year Dr Leston Blackburn resigned as the minister and trustee at MEC. We are grateful to Revd. Blackburn for almost 15 years of service and ministry at MEC.

Advisory Role

The Elders and Trustees appointed Revd. Geoffrey Richardson (Geoff), a retired Elim minister and former member of the faculty at Regents Theological College, Malvern, as an external advisor to assist the Elders through the interregnum period. Geoff’s role has also involved overseeing the process of searching for and appointing a new minister to lead the church. In addition to advice and oversight of the recruitment process, Geoff has helped MEC in many more ways. His wholeheartedly engagement in the life of the church, his guidance and leadership through example and the pastoral care he has given to many in the fellowship has been a huge blessing. The church and the trustees wish to express our gratitude to Geoff and his wife, Helen.

Leadership at MEC

A change of minister often brings changes to the make-up of a congregation. MEC has been no different in this regard. We have seen many friends and members move on and we have welcomed new attenders and members to the MEC family. This has also included changes to the leadership team, with one of the Elders stepping down and three new elders appointed at MEC. 2022 also saw the appointment of one of the newly appointed Elders to serve as a trustee. We ended the year with five Elders, three of whom also serve as Trustees, three Deacons and an advisor overseeing the operation and ministry of the church. The Trustees would like to thank all those who have taken on these positions of responsibilities.

Finances

At MEC we are blessed to have a very able and long-serving team who have continued to manage the church’s finances faithfully through 2022. As can be seen from the attached accounts and comments made by the treasurer and independent examiner the trust remains in a financially healthy position. More details can be found in their reports and accounts.

Ministry and Mission

The most important function of the church, our core mission at MEC and our focus in 2022 has continued to be to see all at MEC grow in their Christian faith, in worshipping God and seeing our local community transformed. This is most fully embodied by the many volunteers at MEC who are involved in various ministries and groups run by the church. It is only fitting then, that the largest part of the Trustees Report for 2022 is devoted to the reports presented by leaders of the various ministries at the Annual General Meeting.

Small Groups

Barnard’s Green House Group

We are a group of ten MEC friends meeting weekly on Tuesday evenings during term time at the family home of two of our members, Greg and Sarah. Currently two members connect to as by Zoom for health reasons.

We start with a time of prayer for personal and wider topics, for example issues arising for local and worldwide news, encouraging each member to contribute to continue praying during the coming week.

Our studies vary from following a small group study book on a section of the Bible or a specific topic, for example Advent, Easter, Hope, Patience, Armour of God. We also have followed DVD or online courses. Social evenings are arranged at Christmas and a garden barbecue in the summer.

The Ladies Group

The Ladies Group is a group of 10-12 friends that meet each week on a Thursday morning, currently on Zoom. Since meeting on Zoom we have also been joined by one of our retired missionaries in Tasmania, Australia. Our intention, for the future, is to return to meeting in person while still including those who aren’t able to.

Over the last year we have covered a mixture of things. We have completed studies of James and Philippians and we have watched two DVD studies by Jeff Lucas. At the moment we are looking at some of the favourite Psalms of individuals in the group. We also have regular sessions of prayer for any needs and for our missionaries. To relax together we enjoy an occasional Zoom ‘Coffee & Chat’!

Linkup Group

The Linkup group was formed by the joining of two former home groups. We meet weekly on Wednesday morning for fellowship, study, prayer and praise. The venue is mobile to try and share the hosting burden. Currently we have 14 regular members meeting together weekly during the school term. During school holidays meetings are less regular and arranged by mutual agreement. We are a young at heart group with a jovial outlook and a desire to know more of the Lord in our daily lives.

Band of Brothers (BoB)

BoB is the men’s fellowship group, which meets at 8.00am on a Monday morning at Caffe Nero on Malvern’s Retail Park.

The fellowship is centred around the Word, usually based on the study and reflection on a particular Biblical book (Numbers, at present). This we use to share knowledge, understanding, insight, experience and fellowship to aid our growth in our relationship with the Lord, including numerous helpful and supportive rabbit holes.

It has been, and is, open to anyone from any fellowship and any standing with the Lord, who wishes to join us. At present, 4 of the present 9 or so regulars belong to other fellowships. Those 9 people’s talents are made up of a former aircraft engineer, 2 software engineers, a mechanical engineer, a car mechanic, a re-enactor, a historian, a retired minister, an elder, an ex-elder, 2 widowers, 2 retired

Growing together to share God’s heart

RAF officers, 2 ex-financial experts, a former leather worker, 4 musicians, a librarian, a chemist, a teacher, one non-native, 2 international standards experts and a very assorted selection of personal interests as well. An eclectic bunch!

As we shared recently, we realise that we thought similarly to the Christian songwriter Robin Mark, when he penned: -

“Who said that time had been called on your day?

Who said the anointing had been taken away?”

and that we trust to continue: -

“Running the race with patience,

Until their final day,

Faithful in every word and deed”

(Robin Mark – “Men of Certain Age”)

For Peter, leading the group, the continuing realisation and pleasure are, like Anna in the musical “King and I”, that by your pupils you’ll be taught!

Online Group

We have recently started an online group meeting every Wednesday at 7pm for 1 hour. There are between 7 and 9 of us who meet for prayer and Bible study.

We started with 6 sessions on prayer using resources produced by the Bible Society and followed this with 4 sessions of the theme of Visions of Jesus from the Old and New Testaments.

We hold each other up in prayer and this is becoming an important part of the meetings. We look forward to continuing to grow together through study and prayer in the future.

Hope

We are a small group of women who meet once a week on a Tuesday afternoon. We meet for a couple of hours and we chat. We have lunch together, we studied the Bible and we pray.

At the moment we are just finishing a study called “The God First Life” and we'll be starting to study a book in the Bible next.

Are still in touch with one of our members who moved away, whom we had contact with all through lockdown as well, on zoom. But we're still in touch with her and as a group enjoy going to visit her.

Older Youth Group

Our older youth is imaginatively called the Older Youth.

We cater for those aged 13 or 14 (in year nine) up to those in their twenties. Currently, we have 14 young people regularly attending on a Thursday evening, mostly from MEC, but with others from St Andrews, St. Peter's Baptist and the Exclusive Brethren meeting. The range of churches adds to the richness of the group.

Growing together to share God’s heart

We worship, study the Bible, sometimes play games, have social. Currently, we're studying the book of Jonah.

We give plenty of time to chat. They’re quite capable of whiling away an evening discussing how many camels they are worth, or how different foods fit into a cube.

We also have 13 young people away at university and we try and support them with prayer, messages and treats through the post. We continue meeting when they come home so that they and we all reconnect, and we really value their contributions and their presence.

In the summer, we run a camp at The Gaines and this year the young people are also planning a weekend camping trip.

We also have ten young people on our list still in Malvern who don't attend for various reasons. They are on our radar and where we can, we try and connect with them and maintain contact.

Younger Youth Group

In 2022 we also started up a younger youth group which covers those in school years 6-8. We have six regular attenders.

We've been getting to know these young people and getting them involved, and for a while we had an overlap with the older group, so that they were getting to know the older group as well.

This is something we've missed, as over the last few years we haven't really had groups for the younger age group.

Supporting Groups

Safeguarding Team

In the last year, we've made huge progress regarding safeguarding in the church. In December, we had a mini safeguarding Sunday to raise awareness of the importance of safeguarding. This was a reminder that safeguarding is everyone's responsibility, and taking care and speaking out for vulnerable people and the weak is an integral part of being a Christian.

The Elders have been renewing or creating documentation necessary for the efficient running of the church, including those to do with Safeguarding. The safeguarding policy documents are still under review, but almost there. We will make sure that there is information on the website of how to get hold of a copy.

Admin Team

The admin team consists of Kathy, Carol and Dawn. General Office duties include monitoring the post, emails, phone calls, producing the notices each week and dealing with room bookings.

Along with these general office duties, a lot of time has been spent learning to use the many features of the iKnow church software. The iKnow software is a secure way to store the contact details of those who attend MEC in order to complete tasks like emailing and producing rotas. This has been a steep learning curve.

We have also spent time cleaning up the records stored on iKnow. With this in mind, we now need to check all the remaining data stored on the system, as there will inevitably have been many changes over the years. So, in the next few months, we'll be asking everyone to fill in a new form with their contact details.

Growing together to share God’s heart

Hospitality Team

MEC has been so blessed with the hospitality team. On a number of occasions the team have fed us and catered for a number of events which have provided a great opportunity for fellowship and social contact, and brought us together more as church family.

We held a picnic up at Regents College in the summer. We have held church lunches and celebrated a Harvest Supper together. All of this has been in addition to organising the weekly refreshments which are served after the morning service.

The Trustees would like to thank the hospitality team and all of those who have peeled, chopped, served and washed up.

Ministry groups

Children & Families Church

For many, many years, MEC has experienced the hall emptying on a Sunday morning when the children and young people leave the main hall. We are blessed with wonderful families and we are blessed by our families. For a number of reasons, Sunday Club wasn't working and the Lord used Covid as an opportunity for change. During Covid we supported our parents and have carried on doing this.

On Sundays, we aim to structured sessions so parents can lead their families. We provide material to help them do this. In recent months, it has been a joy to see the families form friendships and work together with other families.

We usually base or teaching on Old Testament in the autumn, Jesus in the spring, and The Early Church and Heaven in the summer term.

Parents tell us they appreciate the emphasis on children having their own relationship with God, being helped to navigate the Bible, having a curriculum that flows from one week to the next, getting to know other families and not feeling like they are on their own in their struggles. The parents often comment that they learn too and feel like they have been in church.

TUG Group

TUG is the group formerly known as the Manse Group as it was hosted in the Manse at one point. This is a Sunday morning youth group for those in school years 7-10. There is an overlap in members who attend the midweek Younger Youth group. We are still working on relationship building, getting to them as groups and getting the group to know each other. They are great group, and it has helped having the midweek contact with some in the group.

Worship Group

Worship team worship team aim to meet once a fortnight on Friday evenings at church from 730 to 9:00 PM. This is a time to go through songs for the forthcoming service, to start learning to new songs and time to pray for each other as a team.

There's also time on a Sunday morning for the team to meet pray and worship together before the service.

Community Focused Groups

Welcome Space

Growing together to share God’s heart

Welcome to welcome space. We offer hot drinks, toast, bacon or sausage sandwiches, all free of charge, access to the wonderfully managed clothing bank. And we offer as much or as little interaction as our guests want.

Our guest numbers averaged 12. We have a core team of five and a wider team of three, so we regularly have between 17 and 20 people each Thursday morning.

The guests are a mix of people, from one year olds to 91 years old. Some come most weeks, others now and again. It's not as static group, but a variety of people coming for a variety of reasons which is as we hoped it would be.

The core team have bonded and we support and care for one another within the love of Jesus.

With the seasons changing and the numbers increasing, we’ve evolved from being a Warm Welcome Space to being a Welcome Space, and with the blessing them permission of the church, we'd like to continue the Welcome Space into this summer.

Teams4U

2022 was once again a very challenging and yet hugely rewarding year for the charity as it sought to help many vulnerable and disadvantaged Families.

Teams4U are involved in many projects. Here are some.

Supporting Vocational Skill Centres in Sierra Leone including education sponsorship of students
A wash sanitation project in Ugandan schools
A homeless project in Romania as well as building a facility for an after-school homework club in Suncuis
They also head up the Develop with Dignity project which takes a holistic approach to supporting young people to go to school and stay in education.

As a church we work with the charity with their Shoebox Appeal. Last year a total of 62,574 boxes were donated and sent out to needy children and families in Ukraine, Moldova, Georgia, Bosnia and Romania. 75 Boxes we’re collected from MEC and taken to the regional warehouse in Evesham for checking prior to distribution. Finally, be assured that every single box wrapped and filled with Love will find its way into the hands and hearts of grateful children and their families.

Rainbow Club

Rainbow Club is a parent and toddler group. The numbers of the group are deliberately kept small. The smaller group suit children that need a quieter, calmer environment. There is a warm welcoming environment where children, parents, grandparents, carers and Rainbow Club team members develop good friendships.

Coffee and Chat

Coffee chat meets on a Monday afternoon from 2 to 4:00 pm all through the year apart from August and Bank Holidays all this.

We hope it is a welcoming and safe place for anybody to come, have of cup of tea and make friends. It's not a knitting circle, but they are from the generation who are used to knitting and crochet and many bring something to do while they talk. Some folk knit squares for blankets which are sewn

Growing together to share God’s heart

together and go to a clinic in Sierra Leone for street children and baby clinics. We are grateful to Ken and Marion from Cradley Chappell who organize the shipment of these items.

We have men and women, predominantly of the older generation, and a mixture of Christians and Christians. Friendships have been made and we listen and support those who are going through troubles and illnesses.

We have a short two minute epilogue at the end of the afternoon, known as Listen with Mother. Only those of a certain generation will understand Listen with mother.

We've been encouraged recently that more people have been willing and eager to ask for prayer, either for themselves or loved ones.

Our heart is to see these older folk come to know Jesus. It is a privilege to come along side those who've experienced so much in life. We pray that in our attitude and service, we might demonstrate the love of Jesus to them.

Art Group

The Art Group is now in its second year. A group of about 10 regular artists meet during term times on Thursday afternoons at 2pm. The group is open to anyone interested in Art and it has been referred to as a friendly group.

Our meetings start with a welcome to newcomers, and then notices are given on what’s on in the Art World, and comments are invited from individuals on aspects of artworks. There is a tea break when members can have a chat and comment on individuals’ artworks in progress.

In the summer months there are opportunities to paint outside at arranged venues.

The MEC Art Group provides an opportunity for people within the local community, who have an interest in art to meet together to discuss art related subjects or practice their art related interests. Membership is open to those interested in art, irrespective of whether they are members of MEC or live locally. The majority of members come from the local community, with only the leader of the group, who is a church leader and trustee being regularly involved and one or two members of the church attending occasionally.

The meetings are financed by individual donations at each meeting.

Support for Missions

MEC provided support, both financial and prayer support, for a number of local and foreign missions. On a global front, we continued to support missionary families operating in Tasmania, the Sahel region of North Africa, Zambia and The Netherlands, each of these through families and organisations known to members of the church.

Locally, MEC continued to provide support for Churches Together in Malvern, The Lyttleton Well, the Malvern Hills FoodBank and Christians Against Poverty.

Deacons Report

There's so many different things that happen in church, not with the help of the Deacons really, but that people do all the time and the Deacons are so grateful for that.

A couple of comments on the church building over the past year. There's not been really any major issues. Probably the most important thing that we did was we had the heating repaired – we did

Growing together to share God’s heart

have trouble with the heating at the start of the cold snap and we had an engineer come in and to resolve some issues. There were some problems with the control system.

The Deacons have also managed the annual servicing gas boilers and so forth and added new notice boards to the Cafe area.

The Manse has been a big focus for the Deacons over the past a year. Once the Manse was vacant in September, the Deacons did quite a lot of assessment on what needed to be done on the building. It was valued by a number of estate agents and some clearance work was also done in the garden.

Volunteers

The work and ministry of the MEC is only made possible with God’s help and the support of willing volunteers. The Trustees wish to acknowledge and express our gratitude to all who have willingly given of their time, have supported in prayer and financially and used their many gifts and talents to bless the church family and the community.

Thank you!

Growing together to share God’s heart

Char5ty Reglstrat5on No. 1178558 Company R•glstratlon No. CE014236 (England and Wales) MALVERN EVANGELICAL CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

MALVERN EVANGELICAL CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trusts•• David Ransom Steve Atkins John Jacob Eld•rs Davld Ransom (Appointed 22106120221 Steve Atkins John Jacob Geoff Richardson (Appointed 22106120221 George Webb IAppointed 22106120221 Colin Smith IAppointed 01107120221 Dèacons George Chakko-George (Treasurerl Matt Greenhalgh Colin Cameron Charity number 1178558 Prlnclpal address 204- 208 Pickersleigh Road Malvem Worcestershire WR14 2QX Aeeountants Kendall Wadl6y LLP Granta Lodge 71 GTaham Road Malvain Worcestershire WR14 2JS B*nk•rs HSBC Bank plc 1 Church Street Malvern Worcestershirè WR14 2AB

MALVERN EVANGELICAL CHURCH CONTENTS Page Deacons, rèport Indèpendent exarrinerfs report staternent of financial activities Balance shee( Noies to the financial statements 9-24

MALVERN EVANGELICAL CHURCH DEACONS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Dèaeons present their report and accounts for the year ended 31 Dember 2022. The accounts have been prepared in accordance w71h the accounting polic3 sgt out in note 1 to the aoUnts and comply with the church's Rules and ConslilLJtion. the Ch8rilies Act 2011 and 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charit$ preparing Iheir accounts in accordance th the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective 1 January 20191 Objèetiv•s and actlvltl•s Summary ol the objects ol the charily are set out in its governing document.. The purposes ol the church shall be.. 1.The advan¢emonl of thts Christsan faith in 8ccord8nc& wrth thé Basi$ of Faith PTimarity but not èxclu$ivéty within Malvem.. and 2. Such other charitable purposes as shall, in the opinion of the Elders further the work of the Church. Publlc Bènèfit The rna1n public benefl that thè charity provides is the advancement of the Christian Faith within the Malvem 8rea, which is the primary objective of the charity. Anyone is welcome to worship at the church and any private benefits received by thè Deacons is considered to be Incidental to the work of the d)urch. The chÈllty also supports the relief of poverty by way of donations to People in need and peop18 dir8ctly working to reliev8 people in povety. ststutory doclaratlon The Trustees consider the activities of MEC Iwith regard to the guidance issued by the Charity Commission on public benefit) to be ol real value, not just to the immediate neighboufhood but much lurthef afield and to all age groLJPS. Giving to Mi¥$ion MEC allocates lo° of its income to support missions both in the UK and overseas, this budget is reviewed annually. Contrlbutlon madè by volunt••rs MEC is run by volunteers giving freely ol their time and effort, we see this as part ol our worship and se¢vice to God. The Deacons h8ve paid due regard lo guidance i58ued by the Ch8rity Commission in deciding what activities the church should undertake. Thè church providès a place ol worship for ils members. The church is responsible for maintaining its fabric and environs, for organising and arranging religiosjs seThices, supporting its Pastor and staff and providing pastoral ¢8re. M8kin9 donations to eharitable tsrganisat¢tins is an expression of its wider responsibilities. The grant making policy 1$ established by Ihè ehur¢h which cèrtsftes and makès grants to charitable organisations demonstrating similar objedives and outr88th 8s the church. Grants allocated during the year arè $htwrfn wf(hin the accounts.

MALVERN EVANGELICAL CHURCH DEACONS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Achiewments and rfOrMance In the opinion of the Deacons, Ihe church has achieved its stated objectives and aclivilies within thtr year. MEC launched an initiativè to start planning to Extend The Tent by re-building our existing building. For this initiative, the Treasury team introduced an Accommodation Fund. Building was compleied in Spring 2016. Thrs project was detailed in previou5 8¢wunts. Flnancial revlew The surplus for the year amounted lo £20,13312021 £94371. The unrestricted fund reseNes at the year èn¢J w8r £104791 12021."£91,5451. At the year end Ihe restricted fund reserves were £7191 12021 £5,4151. Désignated funds at the year end amounted lo £63420912021.. £629.0991, these funds represent those Uti1S8d in the new ehurch building which will be eroded by depreciation over time. The funds are adequate and availablè to fvifil the obligations of the organisation. It is the policy ol the church that unrestrictad funds which have not been designated for a specific use should be maintained at a level aquivalent to b8tW8en three and six month's expenditure. The Trustees consider that reserves at this level will 8n5ure that, in the event of a significant drop in funding. they will be able to continue the d)urch's current adivities while considgration is gtv8n to way5 in which additional funds may be raised. This level ol rèsèrvès has b89n maintained throughout the year. Risk assessmont The Deacons have assessed the major risks to which the church is exposed, and arè satisfied that systems a in place to mitigate exposure to the major risks. Structure. governance and management The church was estsblished by a charitable trust deed on 13 May 1975. as revised in thg church constitution in 2001. On 9 September 2009 the trust deed was updated and replacèd by a n&w conslitubon. The church registered with the Charity Commission on 4 December 2009. It registered 8$ a CIO on 30th May 2018, the assets and liabilities of the original charity (number 11331251 were transf8rred to the CIO on 1 January 2019. The Trustees and Dèacons who are eurrently sèrvlng are as shovm on the legal and administrative details pagè. Tru$t•e selèction Only currently serving Elders may be Managing Trustees, however, not all Elders are fequired tts ba Managing Truslegs. This is currently being reviewed to broaden the pool of possible Trustees. The Elders will decide who from their number shoukd be Managing Trustees. The church wi11 ratify thi3 at Church 6usin885 Meetsng by secret ballot and requires a majority of those piestrnt and voting.

MALVERN EVANGELICAL CHURCH DEACONS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 The Elders shall add to their number from time to time. as shall be seen good to them. from amongst Ihe numbers of Ihe church, aiming to Teach unanimity in their decision. Any such intention shall be indicated lo the members giving notice on the Lord's days prior to a church meeling. and prayerful comment and unity sought from the members in the recognition of the new Elder. The final responsibility for the appointment of an Ekler shall, however, rest with the existing Elders. When appointed a new Elder shall be separated to the work by the existing Elders at a a servce on the next ctsnvenlent Lord's Day. The New Testament makes a distinction between those Eld8rs who only direct thè slfairs of tho church and those whose work is prèaching and taaching. There is no suggestion Ihat the number of leaching Elders in a given local church is limited. Should any Elder cease to meet the qu81ifications for this otficg that Eld8r will be required to relinquish it by the remainin9 Elders. Any Elder wishing to terminate their position as an Elder shall inform the rest of the Eldership, giving as much notice as possible according to the prevailing circumstsnces and provNling reasons for their decision wheTe possible. Thè Pastor shall b8 a Teaching Elder whose aptitude to receive final responsibility for the pastoral oversight of the church and the rninistry of the word has bèen rècognised by the Elders, support8d by the membership. To him particularfy, the Gosp81 is ctsrnrnitt8d as a solèmn charge. Hè is to prèach the Word, be prepared in sèason and out of season, wrrect, rebuke, and encourage with greal patièneè and careful instruetion. That he migfjt lully perform this work he is nomially lo be maintained wholly by the church he serves. The Paslorfs authority over and above that of other Elders sterns from the charge commrtted to hirn by God. Thus he has from God the right and duly to encourage and rebuke with all authority. letting no one despise him. He 15 nevertheless lo do these things with great patience as befits a sheperd of the flock and with careful teaching li.e. basing his exhortations on ihe pure Word of Godl, seeking only the gkry of the Tfiune God. As the senior Teaching EldeT the Pastor has the right to preside over all organisats'ons connected with the church. The Pastor shall be in lull accord with the Statement of Doctrine and Ihe Rules of Practice. The Nomination of the Pastor shall be made by the Elders, 9iving due ctsnsideration to the mind of the church and ihe invitation to the Pastorate shall be by a supporting vote of three qu8rters of thg church m8mb8iship pr8S8nt and voting, though COMpt@ unanimity shall be sought. The vote shall be taken at a church meeting specialty convened for thi5 purpose. Thè Pastor shÈll give thè church at least three month5 noticè of his desirè to tèminaté his ministry in the church. The church on thè othèr hand shall give the Pastor 81 least S4x months notice to th8ir desire lo termin8té his ministry in the church. The word Deacon literally means servant and is so translaied many limes in Scripture. It is also used however to denote an office in the Church. The function of the Deacons is to relieve the Elders of those necessary duties in the life and conduct ol ihe church that are temporal rather than spiritual in nature. In Ihese duties they shall be responsiblè to thè Eldars. The Deacons may be men or women and shall be members of the church who are "known to be full of the spirit and wisdom. (Act 6 vs 31. The number ol Deacons shall be apprtrpriate to the current needs ol the church as delermine¢J by the Elders. Deacons shall normally be 8ppoinled at thg Annual General Meeting of the church, but oo¢8sionally it may be necessary to appoint extr8 Deawns at 8 norm81 church meeting. When il is recognised by the Elders that the appointment of further Deacons is ne¢ess8ry, members will be invited to make nominations from the church membership to the Pastor. or an Elder rf there is no Pastor, at least fourteen days before the meeting. The pastor, or Elder. shall obtain the consent of the nominee before that person can be put forward lor election. At the meets'ng the nomination musl then be seconded and rèceive at least a two thirds majority vote of the members PTesent and voting before the appointment can be confimed by the Elders. A Deacon shall rets're after a three year tenure of office bul is eligible for ie*tection.11 a Deacon was appointed at a mid-point between Annual General Meetings, their tsme of service shall be from the AGM following their appointment. 11 the ESdefs are of the opinion that a Deacon shall relinquish the office before the end of theirlgrm they sh811 inlom the Deaeot) and the church ol the teminalion of their appointmenl. Persons seeking membership shall arrange, after rgading 8 copy of the Church Constilulion, lo bg visit8d by at least 0 Elders Of other members nominated by the Elders to gain salisf8Ction of their new birth, Christian character and consistent life. record their intention lo abide by the Rules of Practice of the Constilubon and their wholehearted assent to the church's Statement of Doctrine. Membership is then confimied by a vote by the Elders and acceptan is acknowledged at the next convenient Lord's Table OT at a Lord's Day service. Induetion of tNst•¢s On induction a Trustee receives 8 copy of the Church rules 1410212018 version 3, the Constitution, latest annual rinancial slalemenls and Guidance on the Rolg of a Trustee as issuèd by the Chaiity Commission.

MALVERN EVANGELICAL CHURCH DEACONS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustèés arg rasponsible lor Setting rernuneration for those staff paid by the church. Poli¢les Policies are adopted by the Church to ensure compliance with Child Proteetioft and Environmèntal 15$ues. FutuN plans Plans lor the coming year include those of increasing Ihe numbers of thè Dèaconatè. The Deacons, report was approved by the Deacons. George Chakkofjeorge Oeacon Daled.. 19 May 2023

MALVERN EVANGELICAL CHURCH INDEPENDENT EXAMINER'S REPORT TO THE DEACONS OF MALVERN EVANGELICAL CHURCH I raport to thè Dèacons on my Èxamination of the financial statements of Matvem Evangelical Church Ith8 ¢hur¢hl tor y$ar andèd 31 Dècèmbèr 2022. Responslbllltles and basls of report As the Deacons of th8 church you are responsiblè for the préparation of thè financial statamants in ac(x>rdance with the requirement5 of the Charities Act 2011 Ithe 2011 Acti. I report in respect ol my examination of the church's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examln•Ps stat•m•nt Your attention is drawn to the fact that thè d)arity has wapared financial statements in aceordanee wrth Ac¢ounting and Reporting by Charite5 preparing their accounts In accordance with the Financial Reporting standard applicable in th8 UK and Republic ol Ire18nd IFRS 1021 in pre18r8nce lo thè Accounting and Reporting by Ch8ribes.' Ststemenl of Recomrnended Practl¢e 1S5ued on l Apnl 2005 which Ss referred to in the extant regulations but has now been wthdrawn. l understand that this has been done in order for financial slatemgnts to provide a true and fair view in accordanTr wilh Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I h8vè complèted my examination. I confim that no matters have come to my attentson in connection with the examination giving me ¢8use to believe that In any m8teri81 respèct.. aecounting records were not kepl in respect of the church as required by section 130 01 the 2011 Aet., or the financial statements do not accord wth those records., or the financial slalemenls do not ¢ornply with the applible requirements wncerning the form and oonlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and lair view which is not a rnatter considered as part of an independent examination. I have concems and have come across no other matters in connecuon with the examination to which attèntion should be drawn in this report in order to enabSe a proper understanding of the financial statements to be reached. Elizabeth Needham ACA CTA IVATI Kendall WadlÈy LLP Granta Lodge 71 Graham Road Malvem Worcestershire WR14 2JS Dated.. 19 May 2023

MALVERN EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Currnnt flnanclal yoar Unrestricted Unrestricted Restricted fund$ funds fvnds 98neral de$ignated 2022 2022 Total Total 2022 2022 2021 Notes ncome from= Donations and legacies Other activities Investments 103,244 405 51 5.t10 14,127 122,481 405 51 134,391 5,560 Total Income 103.700 5,110 14,127 122,937 139,952 èndlturè on.. Charitable activities 77.132 25,672 102,804 130,515 Net Incominglloutgoingl resources bèforn transfers 26.568 5,110 111,5451 20.133 9,437 Gross transfers between funds 12 113,3221 13.322 Net Income for the yearl Net movement in fund5 13,246 S.110 1,777 20,133 9,437 Fund balances al 1 January 2022 91.545 629.099 5,415 726.059 716.622 Fund balances at 31 December 2022 104,791 634,209 7,191 746,191 726,059 The statement ol financial activities includes all gains and losses recognised in the year. l income and expenditure derive from contintjing activities.

MALVERN EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Prlor financlal y•ar- combln•d Unr¢stri¢ted Unrestrictsd Restricted funds funds funds general designated 2021 2021 Total 2021 2021 Notes Incom• from.. Donations and legacies Other 8clivilies Invèstmènts 107,435 8,471 18,485 134,391 Total Income 112.996 8,471 18,485 139,952 Ex nditurè on: charitab activities 104,897 876 24,742 130.515 Net incominglloutgoing) rgsour¢e$ before transf•rs 7,S95 16,257} 9.437 Gross transfers between funds 12 113.642 4,364 9,278 N•t ineomo for the yèarl Net movement In funds 15.5431 11,959 3.021 9,437 Fund balances at 1 January 2021 97,088 617,140 2,394 776,622 Fund balances at 31 December 2021 91.545 629,099 5,415 726,059 The statement of financial activits'es includes all gains and losses reeo9nised in the year. All income and exp6nditur& dgrive from ci)nlinuing aclivilie3.

MALVERN EVANGELICAL CHURCH BALANCE SHEET AS A T 31 DECEMBER 2022 2Q22 2021 Comblned Not•s Flxed ass•ts Tangible assets Curr•nt asset$ Debtors Cash at bank and in hand 13 930,525 950,966 14 10.554 35,233 5,442 28,503 45,787 33,945 CredFtors: amounts falllng du• wlthln on• y•ar 15 129.9251 129.3791 Net currènt assets 15,862 4,566 Total assets less current Ilabllltl•s 946,387 955.532 Credltors: amounts falllng du• aftèr more than on• y•ar 16 1200.1961 1229,4731 N•t assets 746.191 726,059 Income fvnds Restricted funds Unrestricted funds Designated funds Gènéral unrèstricted funds 18 7,191 5.415 19 634,209 104.791 629,099 91.545 739,000 720,644 746.191 726,059 The financial statements were approved by the Deacons on 19 May 2023 George Chakko80rge Treasurer

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng pollcl•s Entity informion Malvem Evangèlical Church is a Charitabla Incorporaled Organisation régistèrèd wth thè Charity Commission ln May 2018. The principal address is 204 - 208 PickersleKJh Road, Malvern, Worc8st8rshirg, WR14 2QX. Basis of preparation Malvern Evangelical Chureh wa5 a regsst&red ehartty 113125, 8 nèw Charitable Incorporated Organi581ion was estsblish8d and registered with the Charity Comrnission under number 1178558. Ml the assets and liabilities of the the former ¢harity were transferred lo the new organi58lKn on 1 January 2019. These financial statements are prepared in accordance wih section 27 01 the Statement ol Recommended Praciice, merger accounting. The assets, liabilities and funds of the two entities have been aggregated, the resulis lor the year shtsw the combined position lor the whole accounting period and the comparatjves relate lo the old charity 1133125 now removed from the Register. 1.1 Accounting conv•ntlon The accounts have been prepared in accordance wlth the church's Rules and Constitution, the Charities Act 2011 and 'Accounting and Reporting by Charities. Statement of Recommendèd PT8CticÈ applicable to charits.es preparing their account5 in accordance with the Financial Reporting Standard applicabl8 in the UK ond Republic of Iretand IFRS 1021. lfe¢v$ 1 January 20191. Thè church is 8 Publi¢ Benefit Erbbty as defined by FRS 102. The church has taken advantage of the provisions in the SORP for Charities apptying FRS 102 Update Bullets'n 1 t)ot to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regu18tions 2008 only to thè extent requirèd to provide a true and la5r view. Thts departure has involv$d lollowng tha Statement of Recommended Practice for ch8ritie5 applying FRS 102 rather than the version of the Statement of Rgcommended Praotice which is referr9d to in thg Regulations but which has since been withdr8wn. The financial statements are prepared in steding. which is the functional Currency of the church. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements havè boen prepared under thè historical eost convèntion. Th8 principal 8¢cixJnting polhcies adopted arg S¥t out bel¢)w. 1.2 Going concern At th& tirne of approving thé financial statements, the Deacons have a reastsnabl8 èxpèctatitsn that the church has adequate resources to continue In operational existence for thg f9r95eeable future. Thus the Deacon5 continue lo adopt the g(Mng concern basis of a)UntIng in prgP8ring the financial statsmenls. 1.3 Charitabl? fvnd$ Unrestrfcted funds are available lor use at the disuetion of the Deacons In furtherance of their chadtable tsbjectivbs. All Income received for a specffic purpose, and expenditure relaiing to such purposes. is assigned to the relevant restricted fund. Endowment funds are subject to specific conditions by donors that the capital must be mainiained by the church.

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policies ICont5nuedl 1.4 Ineomlng rnsources Income is recognised when the church i$18g8lly 8ntitlèd to rt aftèr any perfom)ance conditions have been met, the amounts can be measured reliably, and it is prob8bl$ that incomè will be received. Cash donations are recognisgd on receipt. Ixhèr donations are recognised once the church has been notified ol the donation. unless performance Conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift or deed5 of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwisé il thè church has been notified of an impending distribution, the amoun¢ is known. and receipt is expected. If thè amount is not known. the legacy is treated as a contingent asset. All other income is recognised when it is recéwèd. 1.5 Resourcès èxpendèd Liabilities are recognised for the amounts that the charity anbcipates it will have to p8y to $gtt19 a dgbt or thg amount that it has received in advance as payment for services it has io provide. Expenditure on charitable activities includes the costs associated wth the activitlèg undartakan tts further the purposes of the charity and their a550ciated 5UPPOrt cost5. Other èxpenditure represents those rtems not falling into any other heading. Irréeovèrable VAT is charged as a cost against the activity for which the expenditure was incurred. Support costs are those functions that assist the work of the charity bul do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which SUPPOrt the prograrnmes and activities undertaken. The support Costs are treated as core running cosis of (he charity. 1.6 Tanglbl• fixed ass•ts Tangible fixed assets are initially rn88sured at eost and subsèquently measured at cost or valuation, net of depreciatson and any impaimient195S$S. Depre¢i8tion is recognised so as to writ8 off thè cost or valuation ol assets less Iheir residual values over their useful lives on the folbwing bases.. Land and buildings Property improvements Compul8r equipment Fixtures, fittings & equipment Buildings over 50 years 5 years Straight line 33¥ts on nel book value 33% on net book valve and 5 years straight line The gain or loss arising on the di$po$81 of an 8$set 1$ dètèmln8d as th8 dLry8r8ncè be&ern thè s818 proceeds and the carrying value of the asset. and is recognised in Ihg st8t9rn9nl gf financial 8clivilies. 1.7 Impairnient of fixgd assets At each reporting end date, the church reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif anyl. 10-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Actountlng poll¢les (Continuedl Rewverable amounl is the higher of fair value less costs to sèll and valuè in use. In assessing value in use, the estimated future cash flows are discounted to thair prèsÉnt valu8 using a pre-tsx discount rate that reflects current market assessments of the time value tsf money and the risks specific lo the asset for which the estimales ol futu cash flows have not been adjusted. If the recoverable amount of an assgt 15 8$timated lo b8 less than its carying amount, the carrying amount of the asset is reduced to Its recoverable amount. An impairment loss is cOgnised immediately in incomel lexpenditurel lor thè ye8r, unless the ielevanl asset is carried at a revalued amount, in which case the impèirrnènt Ioss 15 treatsd as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons fof the impairment loss have ceased to apply. Where an impaiment loss subsequenty r8V8rses, the carrying amount of the asset is increased to ihe revised estimate of rts recoveTable amount, but so that the increased carying amount do&s not exceèd ihe carying amount that would have been datèmined had no impairrnent10s5 been fecognised for the assét in prior years. A reversal of an impaimi8nt k)ss is recognised immediately, unless the relevant asset is caryièd in at a revalued amount, in which case the reversal ol the impaiment loss is treate(l as a revaluation increase. 1.8 Cash ond Cash equivalents Cash and cash èquivalènts includè cash in h8nd, deposits held at call wth banks, other short-tèm) Ilquid investments with original maturitl85 of three months or less, and bank overdrafts. 1.9 Financial Instruments The church has elected to apply the provisions of Seclion 11 'Basic Financlal Instmmen15' 8nd Section 12 'Olher Financial Instrurnents Issues, of FRS 102 to all of its financial instruments. Financial instrurnents are recognised in the church's balanc6 shegl when the church becomes paty to the contractual provisions ol the instrument. Finanaal assets and liabilities are offset, with thg ngt 8mounls presented in the financial statements, vthèn there is a legally enfoiceable right to Set off the rgcognised amounts and there is an intention lo settle on net basis or to realis• the asset and settle the liability simultaneously. Basic financlal assets Basio financial assets. which include debtors and cash and bank balancos, 8rè inrtially m88sured at Iransaction price including transaction wsls and are subsequently carried at amortised cost Using the effective interest rnethod unless the arrangement constitutes a finanan9 trÈnsaction, where the transaction is measured al the present value of the future receipts discounted at a market ratg of inlgrest. Finar)cial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltl•s Basic financial liabilities. including credilors and bank loans are Inltlally rectsgnised at transaction price unless the arrangemenl constitutes a financing transaction, whèrè the debt In51rumenl is rneasured at the present value of the future payments discounted at a markét rat8 of interest. Financial liabilities classrfied as payable within one year are not amortisad. Debt instruments are subsèquenyy carrièd al amorbsed cost. using the effective interest rate method. Tradè ereditctrs are obligations to pay for goods or services that have been acqulred in the ordinary Course of oper81ions from suppliers. Amounts payable a classified as current liabilities if paymènt 15 dve within one year or less. If not, they are presented as non-current liabilities. Trade creditors are rewgnisgd initially at transaction price and subsequently Meas+jd at amortised cost using the 8ffectivg interest method.

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policiès IContlnuèd} Dèrecognition of financlal Ilabllltl•$ Financial Iiabilibes are derecognised when the church's ¢ontractual obligations expire or are dischargèd or cancello11. 1.10 Employee beneffts The c05t of 8ny unused holiday eniitlement Is recognistrd in the period in which the employee's s$rvic95 8re received. Termination benefits are recognised imm6dlatèly as an expense when the church is demonstrably committed to terminate the employment ol an 8rnploye8 or to provide terrnination beneffts. Critlcal accountlng •stimatès and judgements In the application of the church's accounting policies, the Deacons are required to make judgemènt5, estimates and assumptions about the carrying amount ol Èssets and liabilitses that are not readily apparent from other sources. The estimates and associaled assumptlons 8re based on historical experienc6 and other factors that are considered to be relevant. Actual results rnay drffer from these estimates. Thè 8stimales and underlying assumptions are r8Vl8wed on an ongoing basis. Revislons to accounting estimates are recognised in the period in which the estimate is revised where the r6vision affects only that p8riod. or in the period of the revision and fuknre periods where the wision affects both current and future periods. 12-

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MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 oth•r aetivltlès Unrestrlcted Unrestricted funds funds g•Mral gènèral Combined 2021 2022 Church activities and clubs 405 5,560 Investments Unr•strlctèd Unrestricted funds funds general general 2022 2021 Interest receivable 51 14-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charitablg a¢livi*S Mlnlstry and Clubs and mission other lund •ctiviii•s Total Ministry and clubs and rni$$ion other fund activities Total Combinod 2021 2022 2022 2022 2021 2021 staff costs DepreCiatn and impairrnent Costs of running activiti68 Building cosis 27,769 27,769 37,970 37,970 20,441 20,441 2,492 21,865 21,865 1,760 876 2,492 1.760 876 48,210 2,492 50,702 60,711 1.760 62,471 Grant fvnding of activitie5 Isee note 71 25.672 25,672 24.742 24,742 Share of support costs (see note 81 Share of govemance costs Isee note 81 24,279 24,279 29.038 29,038 2,151 2,151 14,264 14,264 100,312 2,492 102.804 128.755 1,760 130,515 Analysis by fund Unrestricted fund$- general Unrestiicted funds- designated Restricted fvnds 74,640 2,492 77,132 103.137 1.760 104,897 876 24,742 876 24.742 25,672 25,672 100,312 2,492 102.804 128.755 1.760 130,515 Grants payable 2022 2021 Combln Grant5 m8d6 (sèe rèstrietad fvnds notè) 25,672 24,742 25,672 24,742 15-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Support costs Support Governance costs costs 2022Support costs Govemance costs 2021 Combined Other SUPPOOrt expenditure see below 24,279 24,279 29,038 29.038 Legal and professional Accountancy fees Bank charges 12,663 1,260 341 12,663 1,260 341 1,620 531 1,620 531 24.279 2.151 26.430 29,038 14.264 43.302 An8tysed balwèbn Charitable activities 24.279 2.151 26.430 29.038 14,264 43.302 Governance costs includes payments to the accountsnts as shown 8bove for accountancy fttes and other setmces. oth•r support expendbtur• 2022 2021 Building paIrS and maintenance Rates and water Light and heat Insurance Postage and stationery Telephone Subscriptions Sundry Expenses Mortgage Interest Website Costs Cleaning Kitchen 5uppIiès 1,465 1.263 2.744 2,920 311 304 1,606 3,736 2,194 2,878 2,726 104 357 1,556 319 10,890 1.070 2,982 209 10,234 744 2,189 449 24,279 29,038 D•a¢ons Norgè of the Deacons lor any persons connected with them) received any remuneration during the year. None of the Deacons wèrè reimbursed trav•lling expenses dLsring the year. 16

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 10 Employe•$ Number of employ••s The average monthly number of employees during the year was.. 2022 2021 Combin•d Numbèr Number Full-time employees Employmènt costs 2022 2021 Combln•d Wages and salaries Other pension costs 23,119 4,650 31,066 6,904 27,769 37,970 The employees are consldered tr> bo the key management personnel. There were no èmployees whose annual remuneration was £60.000 OT more. 11 Taxation Th8 charity is exempt from tax on income and gains falling within sèction 505 of the f8xes Act 1988 or section 252 01 the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo its Charitable objects. 12 Transf•rs A transfer of £13,322 was made from unrestricted to restricled funds to covèr thè èxe8ss of rastrirted fund expenditure over income. Following the completion of the accommodation project, all restricted funds received in connection with the project were released to ihe designated funds. Transfers are made to match the value of freehold property and fixtures and fittings associaled therewilh, after due allowanctr for oulslanding loans and creditors. 17

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 13 Tangible fixed assgts Land and Proporty buildlng$ Improvofflents Fixtur8 fthings & eqLbipment Computws Total Cost At 1 January 2022- combined 1,040,382 9.732 66,884 7,431 1,124.429 At 31 De¢emb9r 2022 1,040,382 9,732 66,884 7.431 1,124,429 Depreciation and Impalmieht At 1 January 2022 - combined Depreciation charged in the year 99.986 16.306 7,787 1,945 59,053 1,919 6,637 271 173,463 20.441 Al 31 December 2022 116.292 9,732 60,972 6,908 193,904 Carying amount At 31 December 2022 924,090 5,912 523 930,525 At 31 Decembèr 2021- combined 940.396 1.945 7,831 794 950,966 14 Debtors 2022 2021 Comblned Amounts falllng due withln one year: Other debtors 10.554 5.442 15 Creditors.. amounts falllng du• wlthln one year 2022 2021 Comblned Notes Bank loans Other borrowlngs Other taxation and social 5e¢unty Acuuals and deferred income 17 23.485 5,000 21,245 s,ooo 1,874 1,260 1,440 29,925 29,379 18

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 16 Cr•ditors: amounts falllng due after more than on• ar 2022 2021 Combined Not Bank loans Other creditors 17 185,196 15.000 209,473 20,000 200,196 229,473 17 Loans and ovèrdrafts 2022 2021 Combln•d Bank loans Other loans 208,681 25,000 230,718 30.000 233.681 260,718 Payable within one year Payable after one year 28,485 205.196 26,245 234,473 Amounts included above which fall due after five years". Payable by instalments 46,773 111,847 The long-term loan is securèd by a fixed ch8fge over the freehold pioperty of the charity. Th8 mortgage was gntereil into lo provide finance for the building of th6 chut¢h, it W88 for 8 period of 15 years, rep8y8ble by instslments and carries inleresl at variable rate. The other loan relates to funds advanced by a membèr to facllitate the financin9 of the new church building. This advance is unsecured and interest free and repayablè, provld*d funds allow, in equal instalments ol £5.000.

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MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 19 D•signat•d funds The income funds of the Gharity include the following designated funds whith have been Set aside out of unrestricted funds by the trustees for specific purposes". Movem¢nt in funds Movement In funds In¢omln9 Balan¢9 at r•sour¢•s 31 Datèmbor 2022 Balance at 1 January 2021 In¢¢Nnlng ré¥our¢o8 R•sourc•s ¥xpondod Transf•r& Balanc• at 1 JanLTrary 2022 Cofflbln•d Freehold property Accommodali on project 548,087 4,364 552,451 552.451 69,053 8.471 18761 76,648 5.110 81,758 617,140 8,471 18761 4,364 629,099 5,110 634,209 As th6 freehold propertses owned by the church are not lo be $old within the foreseeable future, Ihe value of the freehold propèrty held, net of mortgage loans and other a55ocialtrd ¢reditiYs, is treated as 8 dèsignated fund. The accommodation fund represents money set aside by the deacons to 85S1St with eosts invold vrith expanding the phy51C81 buildings and facilities to accommodate the long temi need5 of thg MEC. -22-

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MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 21 Related party transactlons There were no discbsab18 rèlated party transactions during the year12021 - none). -24.

MALVERN EVANGELICAL CHURCH CONTENTS Page Deacons, rèport Indèpendent exarrinerfs report staternent of financial activities Balance shee( Noies to the financial statements 9-24

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