2023-12-31-accounts

204-208 Pickersleigh Rd Malvern Worcs WR14 2QX

Tel: [phone] E: [e-mail] www.mecmalvern.org

Charity Reg no: 1178558 Registered with the Charities Commission in England & Wales

Trustees’ Annual Report 2023

Introduction

2023 continued to be a year of transition and rebuilding for Malvern Evangelical Church (MEC). As a congregation we have been involved in serving in various ministries within the church and in the community, propelled by God’s grace and a large and dedicated team of volunteers.

Although this report provides a summary of what we achieved at MEC in 2023, it can never fully capture all that has been done by those who have faithfully and sacrificially served through the year. The leadership is grateful to a good God and a faithful congregation who have prayed and laboured to see lives transformed by God’s love.

The Congregation

As in any period of transition, MEC has experienced changing numbers of regular attenders and registered members. We have had familiar faces leave for various reasons and we have had shared the grief of those in our fellowship who have faced the loss of loved ones. But we have also enjoyed the privilege of seeing God bring new faces into the church. In all this, we are grateful to God for the family at MEC.

Members

MEC maintains a list of registered members who are eligible to vote on church business, and whose attendance at church meetings contributes towards attaining a quorum. At the start of 2023, MEC had 61 registered members. We finished the year with 67 registered members. MEC is comprised of a larger congregation made up of members and non-members, who participate in the life of the church, serve in various ministries and are an integral part of the MEC family. We thank God for all of those who call MEC their home church.

Volunteers

MEC as a church has always relied on and encouraged members of the congregation to actively participate in the ministries that God has entrusted to us. In 2023 this was very evident, as many in the congregation stepped up to serve and take responsibility in different ways. This included, participating and leading in different aspects Sunday services, volunteering in mid-week groups and, most importantly, providing pastoral support to others in the fellowship. Much of what the church accomplishes is only possibly because of the dedicated service of all our volunteers. Thank you to all the volunteers who faithfully serve at MEC.

Governance

Advisor

Following the resignation of the minster in 2022, Revd. Geoffrey Richardson (Geoff) was appointed as an interregnum advisor to the church and continued in this role through 2023. The appointment of Geoff Richardson was a great blessing to MEC. We are convinced that God provided the church with the right person to counsel and support the church through our period of transition.

In his role as an advisor, Geoff was asked to oversee the process of recruiting the next minister, to provide advice to the leadership, and to help with pastoral support through the interregnum period.

Having exceeded all that was asked of him, Geoff stepped down from his role at the end of the year. It was with mixed feelings that we said goodbye to Geoff. The sadness at losing his advice and support was tempered with the knowledge that we would continue to enjoy his friendship and support for MEC, as we looked forward with anticipation to a new period of growth with a minister in place in 2024.

We are grateful to God for Geoff Richardson, for all he has done in service to MEC in his advisory role, and for the love, friendship and continuing support that Geoff and his wife Helen have shown to MEC.

Trustees

The trustees at MEC are charged with statutory oversight, and responsibility for the operation of the church as a charity. In 2023 MEC maintained the minimum required number of 3 trustees, with David Ransom, Steve Atkins and John Jacob continuing to serve in this capacity.

At the AGM in May 2023, the church constitution was amended through a members’ vote to extend eligibility for trusteeship. The previous requirement that the role of a trustee was limited to elders was amended to include deacons. Following these changes, at the church meeting in October 2023, George Chakko-George (Greg), the church treasurer and a serving deacon, was elected to serve as a charity trustee. MEC ended 2023 with 4 serving trustees.

Elders

The minster or pastor along with the elders at MEC bear the primary responsibility for the spiritual direction and decision making at MEC. In 2023, the 5 serving elders were David Ransom, Colin Smith, Steve Atkins, George Webb and John Jacob. In the absence of a minister, Geoff Richardson, in his role as an advisor to the leadership, worked closely with the elders, regularly attending elders’ meetings, facilitating discussions and providing advice.

Deacons

The deacons’ role at MEC is to oversee and facilitate practical aspects of the operation of the church to enable MEC to fulfil its mission and vision. In 2023 MEC had 3 deacons serving in the role. Matt Greenhalgh, Colin Cameron and Greg Chakko-George. Among other things, the deacons have been responsible for maintenance of the facilities and buildings, including care for the property at 210 Pickersleigh Road. The deacons have also overseen management of the church’s finances and other administrative tasks.

Minister (Pastor) Search

On his appointment as an advisor to MEC, Geoff Richardson was charged primarily with overseeing the process of recruiting the next pastor at MEC. Geoff faithfully executed this charge, setting up a Pastor Search Committee consisting of the elders along with 3 other members of the congregation, Greg Chakko-George, Pauline Jacob and Sarah Wilks. After much discussion a job description was agreed by the committee, and in early 2023 advertisements were placed for the role through Christian channels, both online and in print. After prayerfully reviewing over 40 applications, following several weeks of discussions and interviewing short-listed candidates, the committee proposed inviting Revd. Roy Bourner as the pastor at MEC. This was approved by a members’ vote.

The church is very grateful to God for answers to prayer, and grateful to Roy and Jitka Bourner for accepting the invitation to serve. At the end of 2023, having accomplished its task, the committee

Growing together to share God’s heart

was disbanded. MEC ended the year looking forward to the Bourner family relocating to Malvern and to Roy taking on the role as the pastor on January 1, 2024

Activities and Ministries

A flavour of what MEC has been involved in 2023 is best represented by highlighting some of the activities that have taken place through the year. It should be noted that much more will have been accomplished throughout the year than is listed here.

Many of the activities and ministries at MEC are only made easier and often only made possible by the work of those behind the scenes, such as the Admin and Hospitality teams. There is always the risk when summarising that some things get left out. Any omissions should not be interpreted as less important or less impactful. We would like to honour all the seen and unseen ministries at MEC.

Sunday Services

Throughout 2023 MEC continued to host two regular Sunday services. The pattern of our services includes a contemporary morning service including sung worship, communal prayer and a sermon, as well as an evening service focused on praying for needs within the church and the community. Following both services, attendees could stay for refreshments and spend time catching up with members of the congregation and visitors. Both morning and evening services include sharing of communion once a month, and part way through the morning services, separate provision is available for families with younger children as well as for young people aged 11-14. The morning service on the first Sunday of each month is a shorter “All-Together” service, allowing for attendees of all ages to worship together. Our gifted team of musicians supported by volunteers who manage the technology, have made it possible for us to enjoy Sunday worship together and to livestream the services for those who are not able to join us in person.

In addition to regular services, special occasions and seasons were also celebrated throughout the year. This included Easter services, Harvest, Advent and Christmas, as we remembered the birth, death and resurrection of Jesus, as well as God’s material provision.

In 2023 we were privileged to host a baptism service where 5 members of the congregation were baptised in witness of their faith in Jesus.

Children and Youth Activities

MEC has had many volunteers dedicated to catering for the welfare of children and young people. In 2023, regular Sunday provision was available to families with younger children, including ageappropriate teaching and activities to engage younger members of the church family. A similar Sunday morning provision was available for young people in school years 7-10.

There were also regular mid-week youth group sessions involving teaching, food, activities and fun. A highlight of the year was Gaines 2023, the summer residential held at the Gaines Activity Centre. MEC’s talented group of youth and young adults, including returning university students, participated in a 4-day residential with fun, food, worship and teaching organised by our Youth Ministry leaders. Many of our gifted young people took part in organising activities, leading sessions, teaching, cooking and washing up.

MEC is blessed to have a wonderful group of children and young people as part of our church family, and we are grateful to God for them and for the leaders who support them.

Small Groups

Much of the fellowship, Bible study, encouragement and support within the congregation at MEC happens in small group settings. In 2023 there were 8 midweek small groups, running in homes, at a

Growing together to share God’s heart

café, or in the church building on a regular basis. The groups are very diverse in composition and format, but similar in their desire to learn together and to love and support others in the group. We are grateful to those who have served as leaders and to all who attend these groups. We encourage those who are not involved in a group to give it a try.

Weeks of Prayer

As a church we feel our need for God’s guidance and leadership to implement His mission for our church. Prayer is a vital and regular part of our practice as a church. However, from time to time we also recognise the need for more intense and dedicated times of prayer. This was particularly felt during the interregnum, and on two separate occasions in 2023, the elders felt the need to call for weeks of prayer. These were special occasions where the whole church was invited to spend time individually and collectively praying for our church, our community and for the appointment of the new minister.

Community Focus

MEC has been involved in serving the local community in different ways in 2023, including the use of the building as a polling station for local elections. Some of the areas where MEC has been active in 2023 are highlighted below.

At the end of 2022, in response to the increases in the cost of living, MEC opened its doors once a week as a Warm Space , a place where anybody could drop in for a free drink and food, for support conversation, access to the internet and to keep warm. The Warm Space continued through 2023, expanding to include a clothes bank.

The Rainbow Club team has been running the toddler group for many years, and 2023 was no different. Rainbow Club is a warm, welcoming environment for children, parents, grandparents and carers, and the team continue to receive more requests for places in the group than they can cater for.

The Coffee and Chat team continued to host a weekly afternoon session for older members of the community to meet, talk or knit over refreshments. The afternoon ends with a short epilogue and prayer.

For a few years MEC has supported the Teams4U initiative, packing and wrapping Christmas shoeboxes with presents for children from disadvantaged backgrounds in different places in Eastern Europe. In 2023 a total of 65 boxes were sent from MEC to the Teams4U warehouse filled with presents from the MEC congregation and local businesses.

The MEC Art Group provides an opportunity for people within the local community, who have an interest in art to meet together and discuss art related subjects or to practise their art related interests.

Christmas celebrations at MEC in 2023 included several events with invitations to the public to come and hear of the good news of Christ’s birth. In addition to Advent and Christmas services, MEC also hosted Christingle and Carol services as well as a “Pantivity”, a Christmas pantomime performed by 4Front Theatre.

These are some of the more visible activities that MEC has been involved with in 2023, and we are grateful to God and to the community for the opportunity to serve.

Growing together to share God’s heart

Support for Missions

In 2023 we provided both financial and prayer support to each of the five missions that we currently have links with. Their own ministries are very distinct from one another. One of our Small Groups was a focal point for receiving information from the supported missions to determine the best means of support and encouragement, as well as the focus for our prayers - disseminating the information to the wider MEC family. The missions we supported in 2023 operate in Tasmania, the Sahel region of North Africa, Zambia, The Netherlands and India.

In 2023 MEC continued to provide support for several local organisations including Churches Together in Malvern, The Lyttleton Well, the Malvern Hills FoodBank and Christians Against Poverty.

Finance

The treasury team at MEC has continued to administer the church’s finances faithfully through 2023. Through those who have diligently and generously given to God’s work at MEC, as shown in the attached accounts and comments from the treasurer and the independent examiner, MEC remains in a financially stable position. More details are available in the submitted reports and accounts.

Proposed Sale of the Manse

The building adjacent to the church at 210 Pickersleigh Road (The Manse) is owned by the church and served as residence for the previous minister and his family. Following the resignation of the previous minister the deacons have been responsible for the upkeep of the building while a decision was made on what to do with the property. After discussion with the deacons and elders, the trustees decided to sell the manse in order to improve the churches financial position and fund other areas of ministry and service. The deacons took responsibility for managing the process and the property was listed for sale in 2023.

Safeguarding

Keeping children and vulnerable people safe continues to be an integral part of our Christian faith. The Safeguarding team has continued to raise awareness to remind everyone of their responsibility to take care of speaking out for those in our care.

In February 2023 Sarah Wilks, MEC’s Designated Safeguarding Lead (DSL), arranged a safeguarding training event led by Christian Safeguarding Services for those at MEC who work with children and vulnerable adults. A Safeguarding Sunday service was held in February 2023 to raise awareness of everyone’s safeguarding responsibilities. As part of our safer recruitment guidelines, DBS checks were conducted on all volunteers involved in serving in these areas of ministry. In 2023 there were no reportable safeguarding incidents raised with the DSL.

Concluding Remarks

As we looked back over 2023, although there have been challenges along the way some of a personal nature and some that we’ve had to face together, we can truly say that God has been faithful.

Thank you to all at MEC. It was a privilege to worship and serve together in 2023!

Growing together to share God’s heart

Charlty Reglstratlon No. 1178658 Company R¢gl$tratlon No. CE014238 IEngland and Wales) MALVERN EVANGELICAL CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

MALVERN EVANGELICAL CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Thist•es Davld Ron8om steve AY(in¥ John Jacob George Chakko-George (Appolnted 2511 or2023) Elders David Ransom Steve Alklns John Jacob Geoff Richardson George ￿￿bb Colln Smith Doacons Gèorge ChakkowGeorgg (Troasurerl Mall Gmnhalgh Colln Cameron ChaTIty numbor 1178558 Prlnclpal addr818 204- 208 PiGkersleigh Road Malvem lyce8lershire R142QX Accountants Kendall Wadley LLP Granla Lodge 71 Graham R¢)ad Malvem *xce8ter8hire WR14 2JS Bankern HSBC Bank plc 1 Church Streol Malvom w￿Cester$hlra 142A8

MALVERN EVANGELICAL CHURCH CONTENTS Page Deacons, report Independent examlnels report 5talemenl of financiol actlvrtles Balance 8heel Note$ to the flnanaal statements 9-24

MALVERN EVANGELICAL CHURCH DEACONS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Deacons presgnl their report and accounts for the year ended 31 December 2023. The aceounts have been prgpared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the church's Rules and Conslilullon. the Charities Act 2011 and 'Accountlng and Reporting by Charillas.. Statement of Recommended Practice appllcable lo charities preparing their accounts in ac¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. 18ffective 1 January 20191 Oblectlvos gnd actfvitiey Surrmary of the objects of the charity arfj set out in its governing document.. The purposes of the church shall be.. 1.The advancement of the Christian faith in accordance wlth the Basis of Faith primarily bul not ex¢luslvely within Malvern., and 2. Such othèr charllable purposes as shall, In the oplnlon of the Elder8 further the work of th¢ Church. Publlc B9neflt Tho main public benefit that the charity provides is the advancement of the Chrlslian Faith within the Malvem area, which is the prlrnary objecllvè of the charity. Anyone is welcome to worship al the church and any private benefits received by the Deacons is considered lo be incidental lo the work of the church. The ¢harity also supports the religf of povety by way of donations to pggple in need and people direclly working to relieve people in poverty. Statutory doclaratlon The Tru$lo0$ wnsider the activitie8 of MEC {wth regard to the guldance is8U8d by the Charty Comml$8ion on public benefrt) lo be of re81 value. not lust to the immedi8le neighbourhood bul much further 8fi8ld ar¢d to all age group8. Glvlng to Mlsslon MEC allocates 109h of its Income to support mlssions both in the UK and oversea8, this budget Is reviewed annually. Contrlbutlon made by volunteers MEC 18 run by volunteers giving freely of thelr tlme and effort, we see this as part of our wor8hip and seNlce lo God. The Dgacons have pald due regard to guidance issued by the Charlty Commission in deciding what acthjities the chuich should undertake. The church provlde8 a place of worshlp for its members. The church is responsible for mainlalnlng ils fablic and environs, for organising and arranging rellgious servlce8, 8UPPOrtlng Its Pastor and staff and provldlng pastoral care. hllaking donatlons to charitable organisalions is an expresslon of Ils ￿der responsibilities. The grant making policy Is 8slabli8hed by tho church which ¢ertifie8 and makes grants lo charitsb￿ org8nl8atlon8 demonslraling similar otyective8 and oulr&ach a$ the Church. Grants alloc81ed during Ihe year are shown wlthin the accounts.

MALVERN EVANGELICAL CHURCH DEACONS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achlevements and perfomiance In the opinion of the Deacons, the church has achlevèd ils ststed oty'oclives and activities wf(hin the year. MEC launched an Inlliallve to 81art plannlng to Extend The Tent by T￿buIldIng ¢)ur exlsting bulldlng. For this inlcialive, the Trea8ury team Introduced an Accommodation Fund. BuSldlng wa8 completed in Sprfng 2016. This project was delalled in prevlous accounts. Flnanclal revlèw The surplus for the year amounted to £18,948 12022 £20,133). The unrestrlcted fund re8eN88 at the year end were £123.799 12022..£104,791}. Al the year end tho rostricted fund reserves werè £2,439 12022 £7,191). D6slgnaled funds al the year ènd amounted lo £634,20912022'. £638,900), these funds represent those ulilised In the new church bulldlny whlch wlll be eroded by depreciation over time. The funds are adequate and available to fulfil the oblig8llon8 of the organlsalion. 11 is the poli￿ of the ¢hur¢h that unrestricted funds ￿5¢h have not been designated for a $pgcific use should be malnlained al a level equiv81gnt to bebNeen three and slx month's expenditure. The Trustees consider that reserves at this level wlll ensure that, in the evonl of a significant drop in funding, they ￿11 be able lo eonllnue the church'5 current activf(ies whilo considerallon is given to ways whlch addllional funds may be raised. Thi8 lèvel of resorvgs ha$ bofjn maintaingd throughout the year, Rlsk atssessmènl The Deacon8 have assessed the major ri8k8 lo knthlch the ¢hurch is exposed, and are $8118fied that systems are In place to mlligate exposure lo the malor risks. Structurey governance and managgmgnt The church was estsbllshad by a charitabl8 trust deed on 13 May 1975, a8 rev188d In the church constitutlon in 2001. On g Septemb&r 2009 the trust deed was updated and replaced by a new conslilullon. The church regigtered wlh the Charity Commission on 4 Decembw 2009.11 registered as a CIO on 30th May 2018, the assets 8nd118billties of thè origlnaS charity (number 11331251 were transferred lo the CIO on 1 January 2019. The Trustee8 and Doacons who are currently servlng are 88 shown on the legal and administrat￿8 detalls page. Trusteè sèlectlon Only currenuy serving Deacon8 and Elders may be Managing Truslo98, however, not all Elders are requlrgd lo be Trustees. The Elders wlll decld8 who from Ihalr number should be Trustee8. The church WIIS ratlfy thi8 al a Church Busine88 Meeting by secret ballot and requires a majority of th0$9 present and votlng.

MALVERN EVANGELICAL CHURCH DEACONS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Elders shall add to their number from time lo timè, as 8h811 be seon good lo them, from amongst th6 numbers of the church, almlng to reach unanimlty In their declsion. Any such intention shall be indlcaled lo the members givlng noliGe on the two Lord's day8 prior to a church meellng, and prayerful comment and unity sought from the rnembers In the recognllion of the new Eldar. The final responsibility for the appointment of an Elder shall, however, rest wth the existing Elders. Vknen appointed a new Elder shall be separated to the work by the existing Elders al a a service on the next convenient Lord's Day. The New Testament makes a dlsllnction between those Eldets who only dlrect the affairs of the church and tho88 whose work is preachlng and teaching. Thore is no suggestion that the numb8r of teaching Elders in a given local church is limited. Should any Eld&r cease to meet the qualifications for th18 office that Elder will be required lo r&linquish il by the remaining Elders. Any Elder wishing lo terminate thelr position as an Elder shall Inform the r&st of the Eldershlp, giving as much notice as possible according to the prevailing circumstances and providing reasons for thèir dèclslon where possiblo. The Pastor shall b¢ a Teaching Elder whose apliludo lo receive final responsibility for the pa¥toral oversight of the church and the ministry of the word has boon recognlsed by the Elders, supported by the m8mber8hip. To him particularly, the Gospel is committed as a solemn charge. He18 lo preach the Word, be prepared in season and out of season, correct, rebuke, and encourage with great patlence and careful instruction. That h& might fully porform this work he is normally lo be maintalned wholly by the church he servas. The Pastor's authority over and above that of oth8r Elders stems from the Charge commitied lo him by God. Thus he has from God the right and duly lo encourage and rebuke with all authority, lettlng no one despise him. He is nevertheless to do these things wth great Patien￿ as befits a sheperd of the flock and wlth careful teaching li.e. basing h18 exhortalionB on the pure WoTd of Godl, Èeeking onty the glory of thè Triune God. As the senior Teaching Elder th& Pastor ha$ the right to preside over all organisation8 connected with the church. Tho Pastor shall be in full accord with the stalemgnl of Doctrine and the Rules of Practice. The Nomination of the Pastor shall be made by the Elder5, givlng due considgralign lo the mind of the thurch and the inv11a￿tsn lo the Postorole shall be by 8 8UPPOrting vole of three quarters of the church membership present and voting, though complete unanimlly shall be soughL The vole Shall be taken al a church meeting specbally ccnvened for this purpose. Tho Pastor shall give the church al least three months notlce of hi8 desire to leryninale hls minlstry in the church. The church on the other hand shall give the Pastor al least six months nDti¢e lo their deslre to tenninate hls ministry In the church. The word Deacon literally m8ans seNant and is so translated many tlmes in Scrlplure. 11 Is also used however to denote an office in the church. The functlon of the Deacons is lo relieve the Elders of those necessary duties In the lrfe and conduct of the church th* are temporal rather than spiritual in nature. In these duties Ihoy shall be re$pon81blè lo the Elder8. The Deacons may lje men or women and shall be members of th@ Church who are "known lo be full of the spirit and wisdom" (Act 6 vs 31. The number of Deacons shall be appropriate to the current needs of the church as delemiined by the Elder8. Deawns shall normally b8 appointed al the Annual Gèneral Meeting of the church, bul occasionally11 may be necgssary to appoint 8xlra Deacons al a normal ohurch meellng. When 1118 recognlsed by the Elders that the appointment of further Deacons is ngcossary, members ￿11 be invited to make nominats'ons frtsm the church membership to the Pastor, or an Elder if there18 no Pastor, at least fourteen days befo￿ the meeting. The pastor, or Elder, shall obtain the consent ofthe nomlnée b&fore that person can be pul forward for electlon. At the rneeling the nomination musl then bg seconded and receive at least a two Ihlrds majority vote of the members present and voting before the appolnlmenl can be conflm)ed by the Elders. A Deacon shall retire after a three year tenure of offi'ce bul is eliglble for re-ele¢lion. If a Deacon was appointed al a mid-point between Annual Gèneral Meetings, their time tsf service shall be from the AGM following their appointment. If the 8ders are of the opinion that a Deacon shall rellnqu18h th& office before tho end of their term they shall inform the Deacon and the church of the temiinalion of thèir appointment. Persons seeklng membershlp shall arrange, aller reading a copy of the Church Con$tilulion, to be visited by al lèast two Elder8 or other members nomlnated by the Elders lo gain 8alisfaclion of their new birth, Christian character and consislenl life, record thèir intention to abide by the Rules of Practice of the Constllutlon and their wholehearted assonl lo the church's Slalemenl of Doclrfne. Mèmbeishlp is then confirmed by a vol8 by the Elders and acceptance 18 acknoWedged al the next convenient Lord'B Table or at a Lord's Day serviGe. Inductlon ot trustees On Induction a Trustee recewes a copy of the Church Tules 1410212018 version 3, tho Conslitulion, late81 annual financial 8talemenls and Guidance on thè Role of a Tru$leo as issued by the Charity Commisslon.

MALVERN EVANGELICAL CHURCH DEACONS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Tru8lee8 are re8pon81ble for setting remuneratlon for those staff pald by the church. Pollcles Policies are adopted by the Church lo ensure Gompliance with Child Prolectlon and Environmenlallssues. Future plans Plans for the coming year indudo th0$0 of incrgasing the numkrs of the Deaconate. The Deacons, report was approved by the Deacons. G&org• chakko￿80r9e Deacon Dal8d.' 22 May 2024

MALVERN EVANGELICAL CHURCH INDEPENDENT EXAMINER'S REPORT TO THE DFACONS OF MALVERN EVANGELICAL CHURCH I report lo the Dea￿n6 on my examination of the financlal 8talements of Mafvem Evangelical Churth {the church) for the year en¢Jed 31 Dècember 2023. Re$ponslbllltlg$ and ba•1¥ of r•port As the D8a¢ons of tha church you are responsible for thè preparalon of the flnancial statement8 In 8ccordance with the requirements of tho Charilles Act 2011 {Ihe 2011 Actl. I report in re8pecl of my examlnallon of the church's finandal Slalemenls carried gul under section 145 01 the 2011 Act. In carrylng out my examlnallon I have followed all the applicable Directions given by the Charfty Commlsslon under sedon 14515llbl of tho 2011 Act. Independent examlnerfj ststsrnent Your attention Is drawn to the fact that the charity has prepared fin8wal statemenls ¥1 accordarK• Accounting and Reporting by Charities preparing their accounts in accordance wth the Finandal Roportlng Stsndard appli¢8ble in the UK and Republic of Ireland IFRS 1021 In preference lo the Accounting and Reporting by charl￿e8.. St81emenl of Recommended Practice188ued on 1 ￿nI2005 whth is rgferrod to in thg extant regulallon8 but h88 now been withdr8wn. l understsnd that this has been done in order for financl818lalemenls lo provide a true and foSr view accordance with Generally Accepted Accounting Pr8Ctlce effecllvo for reporting periods b8glnnlng on or aftor I January 2015. I hav8 complated my examlnation. I confimi that no matters have come lo my attention in connectlon ￿th the examination ghjing m8 cause to believe that in any m8t8rial r88pect'. accounting records were not kept in resp&ct of the church as requlred by Soction 130 olthe 2011 Act,. or the financial ststemen18 do not accord with those records. or the financtal $18lement$ do not comply with the applicablè rwuiremenls concerning the fom and conlenl of a¢￿Unts set Qui in the Charibes IAccounls and Rèport81 Regulatlons 2008 other than any reoulfemenl that the a￿unIS gfve 4 true and fair view 18 not a matter considerèd as part of an Independent examlnalion. I have atle on8 be concems and have come auoss no other matters In connection y￿th the oxamln8tion lo whith drawn in Ihls report in order to enable a prcper under81anding of the ffinanclal 8tatomenls to Ellzabeth N•èdham ACA CTA {VATI Kendall Wadley LLP Granta Lodge 71 Graham Ro8d Mafvem rcesler8hlre WR14 2JS Dated.. 22 May 2024

MALVERN EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Current Ilnanclal yèar Unrgstrlcted Unre9trlcted R•strictod funds funds nds genèral deslgnated 2023 2023 Total Total 2023 2023 2022 Notfis Incomg fro Donatlons and legacies Other a¢tlvlli88 Investments 103,746 842 708 4,891 11,538 119,975 842 708 122.481 405 51 Total Incomo 105,294 4,691 11,538 121,523 122,937 Ex endlture on: Charilablg adivilies 75,934 26.641 102,575 102,804 Ngt In¢omlnglloutgolnu} r6sourcos boforg transfers 29,360 4.891 {15,1031 18,948 20,133 Gr088 tran8fer8 betweén funds 12 110,3521 10,352 Net Incomgllgxpendlturel for tha yearl Net movement In fund$ 19,008 4,691 (4.751) 18,948 20,133 Fund balanc98 at 1 January 2023 104,791 634,209 7,191 746,191 726,058 Fund balances at 31 Dgcgmbgr 2023 123,799 638,900 2,439 765,138 746.191 The statement of financial activities Includes all galns and10$sgs recogni8ed In the year. All income and expendllure derfv¢ from corrtlnulng actlvltles.

MALVERN EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Prior financlal yoar. combined Unrestrictèd Unre$trl¢tad Restrlcted funds funds funds general deslgnated 2022 2022 Total 2022 2022 Notgs Income from: Donations and legacles other acllvitles Investments 103,244 405 51 5,110 14,127 122.481 405 51 Totsl income 103,700 5,110 14,127 122,937 Ex Iture o Charitable actlvllle8 77,132 25,672 102,804 Net Incomlnglloutgolngl rasourc•s before transfers 26,568 5,110 {11,5451 20,133 Gross transfer8 between funds 12 113,3221 13,322 Net Incomolloxpendlturg) for the yoarl Net movgment in funds 13,246 5,110 1,777 20,133 Funtl balances al 1 January 2022 91,545 629,099 5,414 726,058 Fund balances at 31 Docomber 2022 104,791 634,209 7,191 746,191 The statement of financial aclivltles includ0$ all gains and lossè8 recognis8d in the year. AJI income and expenditure derive from continulng activrties.

MALVERN EVANGELICAL CHURCH BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Comblned Notes Flxod assets Tangible assets Current assets Debtors Cash at b8nk and In hand 13 912,388 930,525 14 2,331 52,633 10,554 35,233 54,964 45,787 Creditors: amounts falllng dug wlthln one year 15 {31,1921 129,9251 Net current assets 23,772 15,862 Totsl *sséts less ¢urrent IlabllStloS 936.160 946.387 Credltors: amounts falllng due after morg than on& year 16 1171,0241 1200,196) Net asset8 7e5,136 746,191 Income fund$ Reslricled funds Unrestricl d funds Deslgnated funds Ganeral unreslricled 18 2,439 7,191 838,900 123,797 834,209 104,791 762,697 739,000 765.136 748,191 The financial statements were approved by the Deacon8 ¢)n 22 May 2024 George ChaTr￿George Treasurèr

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting poll¢le$ Entlty Informatlon Malvem Evangellcal Church is a Charotable Incorporated Organisation registered ￿th the Charlly Commlssion In May 2018. The prfncfjpal addre88 18 204 - 208 Picker$leigh Road, Malvern, Wor¢ester8hire, VVR14 2QX. Basls of prèparatlon Malvern Evangelical Church was a registered Charity 113125, a new Charitable Incorporated Organisation was e$tsblished and is regislergd wlh the Charity Commi8sion under nurnber 1178558. All the assets and liabilits'os of the the former charity were transferred to the new organisation on 1 January 2019. These financial slalemenls are prepared in accordance with section 27 of the Statement of Recommended Practice, merger accounting. The assets, liabilities and funds of tho iwo enlilies have been aggregated, the rosulls for the year show the combined position for the whole accounting period and the comparatives relate lo the old tharity 1133125 now removed from the Register. 1.1 Accountlng convention The accounts have been prep8red in accordance with the church'8 Rules and Constitution, the Charllles Act 2011 and 'Accountlng and Reporting by Charities.. Slalem6nl of Recommènded Practice applicable lo charities preparing their accounts in aG¢ordance with the Financial Reporting Standard appllcablg in the UK and RepubliG of Ireland IFRS 102)" leffeolivg 1 January 20191. The Ghurch is a Public Benefit Entity as defined by FRS 102. The church has taken advantage ol the provisions in the SORP for chor5ties applylng FRS 102 Updatè Bulletin 1 not lo prepare a Slalement of C08h Flows. The financ181 statgmgnls have departed from the Charities (Accounts and Reports} Rogulalions 2008 only lo the extent required lo provide a true and fair view. This departure has involved following the Slalemenl of Recommended Practice for tharltie8 applying FRS 102 rather than the ver81on of the Statement of Recommended Pra¢lice which 13 referred lo In the Regulations but which has 81nce begn wilhdrawn. The finanolal slalemenls are pr8parfjd in steding, which Is the functional currency of the church. Monet8ry amounts in these financial statements aro rounded lo the nearest £. The financial slalements have been prepared under the hlstorfcal e08t convention. The principal accounting polldes adopted are set out below. 1.2 Golng con¢ern At the tlme of approving the financial ¥lalemen18, th8 Deacons have a reasonable expectation that the church h?$ adequate resources lo contlnue In operational exi8tenco for the foreseeable future. Thus Ihg De8¢on8 continue to adopt the golng concem basis of accounting in preparing the financlal 8lalements. 1.3 Charltable funds Unrestricted funds ar8 avallable for use at the dlscretlon of the Dgacons In furtherance of Ihoir charitable oblecllves. All incomo re￿IVed for a specific purpoge, and expenditure relating lo Such purp08e8,1s 888lgned to the relevant restricted fund. Endowrnenl funds are subject to speclfiG condiknons by donors that the capital mu81 be mainlalned by Ihg church.

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles {Contlnuod} 1.4 Incomlng resourcès Income is recognised when the church Is legalty entilled to il after any perfomiance conditions hav8 been met, the amoun18 can be mea8ured rellably, and il Is probable that income will be received. Cash donallon8 are recognlsed on r6ceipt. Other donallon5 are recognised once the church has been notffied of the donalltsn, unless performance conditigns require deferral of the amount. Income tax reGoverabl8 In relatson to donations re¢elved under GiftAid or d¢ods of covenant is recognlsed at the limo of the donation. Legaoies are recogn18ed on recelpt or olheMl8e If the church has boon notified of an Impending distribution, the amount Is known, and recelpt Is expected. If the amount Is not known. the legacy Is trèated as a contingent asset. All other income Is recognl8ed whèn il is receN&d. 1.5 Re$ourcg8 gxpendod Liabilities are re¢ognised for the amount8 that the charity anticipates il will have lo pay to Settle a dèbt or the amount that il has received in advance 88 payment ftsr services it has to provide. Expendlture on charitable octivities includes the ¢0818 assoclated wth the a¢tivities undertaken to further tho purposes of the charlty and their associated 8LlPPOrt costs. Other expenditure represents those Items not falling Into any other heading. Irrecoverable VAT is Gharged as a cost against the acltvily for which the expendf(ure was Incurred. Support costs are those functions that assist the work of the charity but do not directly undertake charitab19 aetivilies. Support costs Include back office costs, flnance, personnel, payroll and governance costs which 8UPPOrt the progrgrnmes and actSv51ies undertaken. The support Gost5 arg treated as core Tunnlng c0818 of the charity- 1.6 Tanglbla tlxod 8$sgts Tanglble flxed assèts are inllially measured al cost and 8ubsequen￿Y measured at cost or valuallon, net of depreclalion and any impairyngnl106ses. Depreciation Is recounlsed so as to write off Ihg cost or valuallon of assets less their ro$idual value8 over thelr useful lives on tha following basès.. Land and bulldlng8 Property improvements Computer equipment Flxlures, fittings & equlpment Buildings over 50 ye8r8 5 years straight line 330/0 on net book value 33% on net book value and 5 years slTaighl line The goin or loss arising on the disposal of an asset is dolerminod a8 the dlfference between the sale proceeds and the carrying value of the asset, and Is recognisod in the statement of financl81 actlvfiies. 1.7 Impalmiont of flxed assets At each reportlng end date, the church review8 the carrylng amounts of ils tangible assets to delennino whether Iheie is any Indlcation that Ih08e a8set8 have SLrfferèd an Impalrment 1088. If any such Indlealion exists, the recovorable amount of th6 a8set18 e8tlmaled In order to delemilne the extent of the impalment loss (if any). 10-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcles Icontlnuèd Recoverable amount is the hlgher of falr value less costs lo sell and value In use. In assesslng value in use, the eslimaled future cash flows are dlscountèd lo their present value uslng a pre•tsx discount ralo Ihal reflects current market assessments of the tlme valu& of money and the risks spec￿¢ to the asset for which the &8tlmales of future cash flows have not been adlusled. If the recoverable amount of an asset 18 esllmaled to be less than ils carrylng amount, thg carrylng amount of the as8el is ieduced to its recoverablè amount. An impaimient loss its recognised Immediately in incomel {expendilurel for the year, unlèss the relevant asset is Garrigd al a revalued amount, in whi¢h case the Impairment loss is treated as o revaluation d8crea89. Recogni8ed impairment losses are reversed If, and only if, the reasons for the impairmonl loss have ￿aSed lo apply. Where an impalmenl loss subsequently revgrso$, the carrying amount of the asset 1$ increased lo the revi8&d eslim819 of Its recoverable amount, bul 80 that the in¢reasod carrying amount does not oxceed the carrying amount that would have been determined had no impairment Ios8 been recognised for the asset in prior years. A reversal of an impaiment Ios81s recognisgd immedlately, unless the relevant asset is carrfed In al a revalued amount, in which case the reversal r)f the Impairment loss 18 treated 8s a revaluation increase. 1.8 Cash and cash 8qulval&nts Cash and cash equivalents Include cash in hand, deposits held at call with banks. other short-tem) liquid investmen18 with orlginal maturities of threg months or18ss, and bank overdrafts. 1.9 Flnanclal Instruments The chureh ha8 elected to apply the provisions of Sedlon 11 'Basi¢ Financial In$lrumenls' and Section 12 'other Financial Instruments Is$ug$' of FRS 102 to all of ils financial inslfumenls. Financial Instruments aro recognised In the church'8 batance Sheol when the church bècomes party to the contractual provlsion8 01 the inslrvment. Financial assets and 158bi1it18s aro off$81, wrth the nel amounts presented in the ffnanclal statements, when thgre is a legally enforceable right lo set off thè recognised amounts and there Is an Intenllon to settle on a nel basis or lo rea118e the asset and settle the IlabllKy 8Imullaneously. Baslc flnanclal assets Basic finandal assèts, whlch include debtors and cash and bank balances, are initially measured at transaction price includlng transaction costs and ara Subsequently carriod at amortised cost uslng the effective interest method unl888 the arrangèment ¢onslilules a fi'nanclng transaction, where the transaction18 measured al the present value of the future re¢oipls discounted al a market ral8 of interest. Financial assets classified as receivable within one year are not amortised. Basic finanelal Ilabllltles Basic financial liabilities, including creditor$ and bank loans arg initially recognl8ed 8t transaction price unless the arrangement conslilLrtes a finanrAng transacllon, whero the debt Instrument is mea8ured al the presgnl value of the future payments discounted al a market rale of interest. Financial liabilitles cla88ifled as payable thln one ye8r are not amortised. Debt instruments are subs6quenUy carried at amortised c08t. using the effective interest rate medwrl. Trade creditors are obiigatlon8 to pay for goods or services that have been acqulred in the ordinary course of OP6ralions from suppliers. Amount8 payable are classified as current liabllitlos if payment is due within one year or less. If not, they are presented as non-Gurr8nl liabilities. Trade Creditors are recognised inillally at Iransactlon price and subsequerbtly measured al amortised cost using the effective interest method. 11

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounilng pollcle8 Icontlnued) Derncognltlon ol Ilnanelal liabilities Flnandal Ilabilltles are derecognl8ed vthen the church'8 contractual obllgatlon8 exyre or are d18charged or canealled. 1.10 Employ•• b•n•flts The cost of any unused hdiday antidament bs recogn186d In the perlod In whlch the employee'8 88rvlces arè re¢oivod. Te￿nInatIon bgngfl1$ are recognlsed immediately as an expenge when the church Is domonslrably committod to temilnalo the gmpbyment ol an employ¢¢ or lo provld¢ lerminalion benefit3. Crltlcal accountlng 08tlmat9s and Judgements In th8 8ppIIc8Uon of the thurch's accounting pollde8, ￿ Deacon8 are requlred to make ludgemants. estimates and 868umption8 about the catyng amount of a88815 and liabillties that are not readily apparent from other soufce8. Tho esllmate8 and a880daled 888umptsons are based on hlstortcal ey￿rIenCe and other factors that are con8ld&red to be relevant. Actual r88ult6 may drffer from these e8tlmale8. The e¥timat88 8nd undety'ng a88umpllon8 are revlewod on an ongolng ba818. Rev181on8 10 8ccounllng egtlmates are recogni8ed In the period In whleh the estimate 18 revl8ed whère the rev18ion aff8ct6 only that PèAod, or In thè perlod of the r&v181on and futur8 pertods where the revi8ion affeclg both current and future p8rlod8. 12-

4)

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Other actlvltlo8 Unrg8trlGtgd unf￿t￿ctod lunds funds g•neral goneral Comblned 2022 2023 Church actfvllles and clubs 405 Inve8tments Unr•#trlctod Unrestrlcted lund• funds g•neral genernl 2023 2022 Intere8t receivatle 51 14-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 CharltabS6 actlvltl•• Mlnlstry and Club8 and mbslon olhor fvnd actlvlll Total Mlnlstry and Clubs and mlsslon othor fund actlvltles Total Cornbln 2022 2023 2023 2023 2022 2022 Staff cost8 Depreclalion and Impairment Costs of runnlng activitigs 10,450 10.450 27,789 27,789 18,137 18.137 4,175 20.441 20,441 2,492 4,175 2,492 28,S87 4.17S 32.762 48.210 2,492 50,702 Grant funding of ￿ti￿lieS (See note 7} 26,041 26.641 25,672 25,872 Share of support CO818 (See note 81 Share of governance co818 (see note 8) 41,308 41,308 24,279 24,279 1,884 2,151 2.151 98,400 4.175 102.575 100,312 2.492 102,804 Anaty$ls by fund Unreslrietgd funds- general Re8tr1cted fund8 71,759 28,641 4,175 75.934 28,641 74.840 25,672 2,492 77,132 25,672 98,400 4,175 102,575 100,312 2,492 102,804 Grants payab 2023 2022 Comblned Grants madè188e restricted fiJnd8 nolel 28,841 25,672 26,641 25,672 15-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support ¢o¥ts Support Governancè CO8ts costs 2023Support costs Governance C08ts 2022 Comblned Other 8UPPOOrt exp8ndltur8 888 bdow 41.308 41,308 24.279 24,279 Accountancy fegs Bank chargè$ 1.440 424 1,440 424 1,620 531 1,620 531 41,308 1,8e4 43,172 24,279 2,151 26.430 Analy5ed between CharitaNe adv1￿88 41,308 1,864 43,172 24.279 2,151 28.430 Gov6mance c08t8 Inthd8s paym8n18 to the accountant8 a8 8hthvn atrf)ve for accourrtancy fee8 and other Services. Other support exp•ndlture 2023 2022 Bulltllng repalr8 and malntenance Rates and walor Light and heal Insurance Postage and statlon¢ry Telephong SubscriptiM$ Sundry EX￿n888 MoTtg8ge Interest Web5118 Costs Cleaning Kitchen 8upplle8 2,197 3.138 4.477 3,432 156 H3 2.072 1,485 1,263 2,744 2,920 311 304 1,606 14,724 778 2,130 1,140 10,234 744 2,189 449 41,308 24,279 Dga¢ons None of the Deacon8 (or any persons connecte(l *ryth them) received any remuneration durtng the year. Non8 of the De8con8 were Telmknmd travelling oxp8n888 I￿rIng the year. 16-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Employees Number of èmployfj•¥ The average monthly number of employees during the year wa8.. 2023 2022 Comblned Number Number Full-lime employees Employmont 2023 2022 Combln•d Wages and 88larie8 Other pension costs 10,450 23.119 4,650 10,450 27,769 The employ8e8 ar8 consldered to be the key management personnel. however In 2023 we operated wlthoul 8 paid mlnsler. There were M 8mpk>yee8 who88 annual remuneratlon was £60,000 or more. 11 T•xatlon The charity18 exgmpl frorn tax on income and gains falling within section 505 of the Taxé8Acl 1988 or section 252 of the Taxation of Chargeable GainsAct 1992 to the extent that these are applièd lo 118 ehar118ble objects. 12 Tran8fer8 A Irgn8fer of £10,352 wa$ made from unr68tri¢lod to r¢$lri¢t9d funds to covèr thè ¢xc688 of Mslricted fund exp8ndllure ovor Inc¢)mo. Followng the wnplelion of the accommodation project. 011 restricted funds rè¢élvèd In connection the project were rfjleased lo the designated fvnd$. Transfer5 are made lo match the valu$ of freehold property and fixture8 and ffttings associated therewbth, after due allowanGe for outstsnding loan¥ and uedilors. 17-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Tanglblg flx•d 080¢ts Land 8nd Prop8ty Flxtuyes, ComputsrB IxLlldlng• Impr¢>v•m8nts tdng8 & equlpment Cost At 1 j￿￿ry 2023- ¢ombined 1,040.382 9.732 7,431 1,124.429 At 31 DeKember 2023 1.040,382 9.732 66.884 7,431 1,124,429 Dtpreclatlon and Impalmient At 1 January 2023- Gombingd Deproclalion chargèd Sn the year 116,292 15.996 9,732 60,972 1.954 6,908 185 193,904 18,137 Al 31 December 2023 132,290 9,732 62,928 7,093 212.041 Carrylng amount At 31 December 2023 908.092 3.958 338 912,388 Al 31 D¢cembor 2022- wnblned 924,090 5.912 523 930.525 14 Debtors 2023 2022 Comblned Amou¢th falllng duo wlthln on8 year: Other debtors 2,331 10,554 15 CrodltorJ: amounts f•llln9 du• wlthln one yg•r 2023 2022 Comblned Not•s Bank k)an8 other borrowlng8 Accruals and deferréd In¢om• 17 24.752 s,000 1,440 23,485 5,000 1,440 31,192 29,925 16 Cr¢dltorn: amount# falllng duè aftèr more than on• ye•r 2023 2022 Combln•d Noto8 Bank loans Other cre(I￿or8 17 161,024 10,000 185,198 15.000 171,024 200,1 ge 18-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Loans and ovordr4ft8 2023 2022 Gombln•d 8ank loans Other loan8 185,776 15,000 208,881 20,000 200,778 228.881 Payable within ono year Payable after one year 29,752 181,024 28.485 210,198 Amounts Indudgd above whlch fall due after five yea[¥: Pay8ble by In81alment8 47,532 46.773 Th8 lon*temi loan18 secured by a flxad char98 ovèr the freehold propety of the Charty. The mortgage wa8 entered Irrto lo provide financo lor the building of the church, it wa8 for a period 0115 years, repayabla by in5talments and carries intere¥t at V8ri0ble Tate. The other loan relates to fjJnd$ odvanced by a mombef lo facilitate the financing ol the new church buildlng. Th18 advance Is unsecured and Interest frge and r8payable, provided funds allow, in equal inslalments of £5.000. 19-

000 cou> 00¢ or4¢ J u)&.

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 D••lgnated funds The Income funds of the charfty Include the following de81qnaled funds wNch have be8n Sel aside ¢)ui of unreslricied lunds by the trustees for specific purp08es'. Movèm•nt In funds I￿omIng Balance at reJourc•s1 January 2023 Movgmont In funds Incomlng Balan¢e at our¢o• 31 DocgmlJ•r 2023 Balanc0 at l January 2022 Comblnud Freehold prope Accommodallon woject 552.451 76.648 552,451 81,757 552,451 80,448 5,110 4,691 629,099 5.110 634,208 4,891 638,899 A8 the freehold properties ovmed by the church are rKJI lo b& 8dd wlthin the foreseeable fvture, Ihe value of the frephold propety held, ng1 of mortgage loans and other as￿¢181¢￿ creditors, Is treated a8 a designated fund. The a¢¢ommodaUon fund reprèsènts money 8et a￿de by the dèacons to assist ￿th costs Involved ￿th oxpandlng thè physical trAtlldlng$ and facllltl88 to accomrnodale the long tem need8 of tho MEC. 22-

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MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 21 Related party tran5actlon$ There were no dlsdosable related party Iran8actlon8 durfng the year12022- nonel. -24-

Charlty Reglstratlon No. 1178658 Company R¢gl$tratlon No. CE014238 IEngland and Wales) MALVERN EVANGELICAL CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

MALVERN EVANGELICAL CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Thist•es Davld Ron8om steve AY(in¥ John Jacob George Chakko-George (Appolnted 2511 or2023) Elders David Ransom Steve Alklns John Jacob Geoff Richardson George ￿￿bb Colln Smith Doacons Gèorge ChakkowGeorgg (Troasurerl Mall Gmnhalgh Colln Cameron ChaTIty numbor 1178558 Prlnclpal addr818 204- 208 PiGkersleigh Road Malvem lyce8lershire R142QX Accountants Kendall Wadley LLP Granla Lodge 71 Graham R¢)ad Malvem *xce8ter8hire WR14 2JS Bankern HSBC Bank plc 1 Church Streol Malvom w￿Cester$hlra 142A8

MALVERN EVANGELICAL CHURCH CONTENTS Page Deacons, report Independent examlnels report 5talemenl of financiol actlvrtles Balance 8heel Note$ to the flnanaal statements 9-24

MALVERN EVANGELICAL CHURCH DEACONS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Deacons presgnl their report and accounts for the year ended 31 December 2023. The aceounts have been prgpared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the church's Rules and Conslilullon. the Charities Act 2011 and 'Accountlng and Reporting by Charillas.. Statement of Recommended Practice appllcable lo charities preparing their accounts in ac¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. 18ffective 1 January 20191 Oblectlvos gnd actfvitiey Surrmary of the objects of the charity arfj set out in its governing document.. The purposes of the church shall be.. 1.The advancement of the Christian faith in accordance wlth the Basis of Faith primarily bul not ex¢luslvely within Malvern., and 2. Such othèr charllable purposes as shall, In the oplnlon of the Elder8 further the work of th¢ Church. Publlc B9neflt Tho main public benefit that the charity provides is the advancement of the Chrlslian Faith within the Malvem area, which is the prlrnary objecllvè of the charity. Anyone is welcome to worship al the church and any private benefits received by the Deacons is considered lo be incidental lo the work of the church. The ¢harity also supports the religf of povety by way of donations to pggple in need and people direclly working to relieve people in poverty. Statutory doclaratlon The Tru$lo0$ wnsider the activitie8 of MEC {wth regard to the guldance is8U8d by the Charty Comml$8ion on public benefrt) lo be of re81 value. not lust to the immedi8le neighbourhood bul much further 8fi8ld ar¢d to all age group8. Glvlng to Mlsslon MEC allocates 109h of its Income to support mlssions both in the UK and oversea8, this budget Is reviewed annually. Contrlbutlon made by volunteers MEC 18 run by volunteers giving freely of thelr tlme and effort, we see this as part of our wor8hip and seNlce lo God. The Dgacons have pald due regard to guidance issued by the Charlty Commission in deciding what acthjities the chuich should undertake. The church provlde8 a place of worshlp for its members. The church is responsible for mainlalnlng ils fablic and environs, for organising and arranging rellgious servlce8, 8UPPOrtlng Its Pastor and staff and provldlng pastoral care. hllaking donatlons to charitable organisalions is an expresslon of Ils ￿der responsibilities. The grant making policy Is 8slabli8hed by tho church which ¢ertifie8 and makes grants lo charitsb￿ org8nl8atlon8 demonslraling similar otyective8 and oulr&ach a$ the Church. Grants alloc81ed during Ihe year are shown wlthin the accounts.

MALVERN EVANGELICAL CHURCH DEACONS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achlevements and perfomiance In the opinion of the Deacons, the church has achlevèd ils ststed oty'oclives and activities wf(hin the year. MEC launched an Inlliallve to 81art plannlng to Extend The Tent by T￿buIldIng ¢)ur exlsting bulldlng. For this inlcialive, the Trea8ury team Introduced an Accommodation Fund. BuSldlng wa8 completed in Sprfng 2016. This project was delalled in prevlous accounts. Flnanclal revlèw The surplus for the year amounted to £18,948 12022 £20,133). The unrestrlcted fund re8eN88 at the year end were £123.799 12022..£104,791}. Al the year end tho rostricted fund reserves werè £2,439 12022 £7,191). D6slgnaled funds al the year ènd amounted lo £634,20912022'. £638,900), these funds represent those ulilised In the new church bulldlny whlch wlll be eroded by depreciation over time. The funds are adequate and available to fulfil the oblig8llon8 of the organlsalion. 11 is the poli￿ of the ¢hur¢h that unrestricted funds ￿5¢h have not been designated for a $pgcific use should be malnlained al a level equiv81gnt to bebNeen three and slx month's expenditure. The Trustees consider that reserves at this level wlll ensure that, in the evonl of a significant drop in funding, they ￿11 be able lo eonllnue the church'5 current activf(ies whilo considerallon is given to ways whlch addllional funds may be raised. Thi8 lèvel of resorvgs ha$ bofjn maintaingd throughout the year, Rlsk atssessmènl The Deacon8 have assessed the major ri8k8 lo knthlch the ¢hurch is exposed, and are $8118fied that systems are In place to mlligate exposure lo the malor risks. Structurey governance and managgmgnt The church was estsbllshad by a charitabl8 trust deed on 13 May 1975, a8 rev188d In the church constitutlon in 2001. On g Septemb&r 2009 the trust deed was updated and replaced by a new conslilullon. The church regigtered wlh the Charity Commission on 4 Decembw 2009.11 registered as a CIO on 30th May 2018, the assets 8nd118billties of thè origlnaS charity (number 11331251 were transferred lo the CIO on 1 January 2019. The Trustee8 and Doacons who are currently servlng are 88 shown on the legal and administrat￿8 detalls page. Trusteè sèlectlon Only currenuy serving Deacon8 and Elders may be Managing Truslo98, however, not all Elders are requlrgd lo be Trustees. The Elders wlll decld8 who from Ihalr number should be Trustee8. The church WIIS ratlfy thi8 al a Church Busine88 Meeting by secret ballot and requires a majority of th0$9 present and votlng.

MALVERN EVANGELICAL CHURCH DEACONS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Elders shall add to their number from time lo timè, as 8h811 be seon good lo them, from amongst th6 numbers of the church, almlng to reach unanimlty In their declsion. Any such intention shall be indlcaled lo the members givlng noliGe on the two Lord's day8 prior to a church meellng, and prayerful comment and unity sought from the rnembers In the recognllion of the new Eldar. The final responsibility for the appointment of an Elder shall, however, rest wth the existing Elders. Vknen appointed a new Elder shall be separated to the work by the existing Elders al a a service on the next convenient Lord's Day. The New Testament makes a dlsllnction between those Eldets who only dlrect the affairs of the church and tho88 whose work is preachlng and teaching. Thore is no suggestion that the numb8r of teaching Elders in a given local church is limited. Should any Eld&r cease to meet the qualifications for th18 office that Elder will be required lo r&linquish il by the remaining Elders. Any Elder wishing lo terminate thelr position as an Elder shall Inform the r&st of the Eldershlp, giving as much notice as possible according to the prevailing circumstances and providing reasons for thèir dèclslon where possiblo. The Pastor shall b¢ a Teaching Elder whose apliludo lo receive final responsibility for the pa¥toral oversight of the church and the ministry of the word has boon recognlsed by the Elders, supported by the m8mber8hip. To him particularly, the Gospel is committed as a solemn charge. He18 lo preach the Word, be prepared in season and out of season, correct, rebuke, and encourage with great patlence and careful instruction. That h& might fully porform this work he is normally lo be maintalned wholly by the church he servas. The Pastor's authority over and above that of oth8r Elders stems from the Charge commitied lo him by God. Thus he has from God the right and duly lo encourage and rebuke with all authority, lettlng no one despise him. He is nevertheless to do these things wth great Patien￿ as befits a sheperd of the flock and wlth careful teaching li.e. basing h18 exhortalionB on the pure WoTd of Godl, Èeeking onty the glory of thè Triune God. As the senior Teaching Elder th& Pastor ha$ the right to preside over all organisation8 connected with the church. Tho Pastor shall be in full accord with the stalemgnl of Doctrine and the Rules of Practice. The Nomination of the Pastor shall be made by the Elder5, givlng due considgralign lo the mind of the thurch and the inv11a￿tsn lo the Postorole shall be by 8 8UPPOrting vole of three quarters of the church membership present and voting, though complete unanimlly shall be soughL The vole Shall be taken al a church meeting specbally ccnvened for this purpose. Tho Pastor shall give the church al least three months notlce of hi8 desire to leryninale hls minlstry in the church. The church on the other hand shall give the Pastor al least six months nDti¢e lo their deslre to tenninate hls ministry In the church. The word Deacon literally m8ans seNant and is so translated many tlmes in Scrlplure. 11 Is also used however to denote an office in the church. The functlon of the Deacons is lo relieve the Elders of those necessary duties In the lrfe and conduct of the church th* are temporal rather than spiritual in nature. In these duties Ihoy shall be re$pon81blè lo the Elder8. The Deacons may lje men or women and shall be members of th@ Church who are "known lo be full of the spirit and wisdom" (Act 6 vs 31. The number of Deacons shall be appropriate to the current needs of the church as delemiined by the Elder8. Deawns shall normally b8 appointed al the Annual Gèneral Meeting of the church, bul occasionally11 may be necgssary to appoint 8xlra Deacons al a normal ohurch meellng. When 1118 recognlsed by the Elders that the appointment of further Deacons is ngcossary, members ￿11 be invited to make nominats'ons frtsm the church membership to the Pastor, or an Elder if there18 no Pastor, at least fourteen days befo￿ the meeting. The pastor, or Elder, shall obtain the consent ofthe nomlnée b&fore that person can be pul forward for electlon. At the rneeling the nomination musl then bg seconded and receive at least a two Ihlrds majority vote of the members present and voting before the appolnlmenl can be conflm)ed by the Elders. A Deacon shall retire after a three year tenure of offi'ce bul is eliglble for re-ele¢lion. If a Deacon was appointed al a mid-point between Annual Gèneral Meetings, their time tsf service shall be from the AGM following their appointment. If the 8ders are of the opinion that a Deacon shall rellnqu18h th& office before tho end of their term they shall inform the Deacon and the church of the temiinalion of thèir appointment. Persons seeklng membershlp shall arrange, aller reading a copy of the Church Con$tilulion, to be visited by al lèast two Elder8 or other members nomlnated by the Elders lo gain 8alisfaclion of their new birth, Christian character and consislenl life, record thèir intention to abide by the Rules of Practice of the Constllutlon and their wholehearted assonl lo the church's Slalemenl of Doclrfne. Mèmbeishlp is then confirmed by a vol8 by the Elders and acceptance 18 acknoWedged al the next convenient Lord'B Table or at a Lord's Day serviGe. Inductlon ot trustees On Induction a Trustee recewes a copy of the Church Tules 1410212018 version 3, tho Conslitulion, late81 annual financial 8talemenls and Guidance on thè Role of a Tru$leo as issued by the Charity Commisslon.

MALVERN EVANGELICAL CHURCH DEACONS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Tru8lee8 are re8pon81ble for setting remuneratlon for those staff pald by the church. Pollcles Policies are adopted by the Church lo ensure Gompliance with Child Prolectlon and Environmenlallssues. Future plans Plans for the coming year indudo th0$0 of incrgasing the numkrs of the Deaconate. The Deacons, report was approved by the Deacons. G&org• chakko￿80r9e Deacon Dal8d.' 22 May 2024

MALVERN EVANGELICAL CHURCH INDEPENDENT EXAMINER'S REPORT TO THE DFACONS OF MALVERN EVANGELICAL CHURCH I report lo the Dea￿n6 on my examination of the financlal 8talements of Mafvem Evangelical Churth {the church) for the year en¢Jed 31 Dècember 2023. Re$ponslbllltlg$ and ba•1¥ of r•port As the D8a¢ons of tha church you are responsible for thè preparalon of the flnancial statement8 In 8ccordance with the requirements of tho Charilles Act 2011 {Ihe 2011 Actl. I report in re8pecl of my examlnallon of the church's finandal Slalemenls carried gul under section 145 01 the 2011 Act. In carrylng out my examlnallon I have followed all the applicable Directions given by the Charfty Commlsslon under sedon 14515llbl of tho 2011 Act. Independent examlnerfj ststsrnent Your attention Is drawn to the fact that the charity has prepared fin8wal statemenls ¥1 accordarK• Accounting and Reporting by Charities preparing their accounts in accordance wth the Finandal Roportlng Stsndard appli¢8ble in the UK and Republic of Ireland IFRS 1021 In preference lo the Accounting and Reporting by charl￿e8.. St81emenl of Recommended Practice188ued on 1 ￿nI2005 whth is rgferrod to in thg extant regulallon8 but h88 now been withdr8wn. l understsnd that this has been done in order for financl818lalemenls lo provide a true and foSr view accordance with Generally Accepted Accounting Pr8Ctlce effecllvo for reporting periods b8glnnlng on or aftor I January 2015. I hav8 complated my examlnation. I confimi that no matters have come lo my attention in connectlon ￿th the examination ghjing m8 cause to believe that in any m8t8rial r88pect'. accounting records were not kept in resp&ct of the church as requlred by Soction 130 olthe 2011 Act,. or the financial ststemen18 do not accord with those records. or the financtal $18lement$ do not comply with the applicablè rwuiremenls concerning the fom and conlenl of a¢￿Unts set Qui in the Charibes IAccounls and Rèport81 Regulatlons 2008 other than any reoulfemenl that the a￿unIS gfve 4 true and fair view 18 not a matter considerèd as part of an Independent examlnalion. I have atle on8 be concems and have come auoss no other matters In connection y￿th the oxamln8tion lo whith drawn in Ihls report in order to enable a prcper under81anding of the ffinanclal 8tatomenls to Ellzabeth N•èdham ACA CTA {VATI Kendall Wadley LLP Granta Lodge 71 Graham Ro8d Mafvem rcesler8hlre WR14 2JS Dated.. 22 May 2024

MALVERN EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Current Ilnanclal yèar Unrgstrlcted Unre9trlcted R•strictod funds funds nds genèral deslgnated 2023 2023 Total Total 2023 2023 2022 Notfis Incomg fro Donatlons and legacies Other a¢tlvlli88 Investments 103,746 842 708 4,891 11,538 119,975 842 708 122.481 405 51 Total Incomo 105,294 4,691 11,538 121,523 122,937 Ex endlture on: Charilablg adivilies 75,934 26.641 102,575 102,804 Ngt In¢omlnglloutgolnu} r6sourcos boforg transfers 29,360 4.891 {15,1031 18,948 20,133 Gr088 tran8fer8 betweén funds 12 110,3521 10,352 Net Incomgllgxpendlturel for tha yearl Net movement In fund$ 19,008 4,691 (4.751) 18,948 20,133 Fund balanc98 at 1 January 2023 104,791 634,209 7,191 746,191 726,058 Fund balances at 31 Dgcgmbgr 2023 123,799 638,900 2,439 765,138 746.191 The statement of financial activities Includes all galns and10$sgs recogni8ed In the year. All income and expendllure derfv¢ from corrtlnulng actlvltles.

MALVERN EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Prior financlal yoar. combined Unrestrictèd Unre$trl¢tad Restrlcted funds funds funds general deslgnated 2022 2022 Total 2022 2022 Notgs Income from: Donations and legacles other acllvitles Investments 103,244 405 51 5,110 14,127 122.481 405 51 Totsl income 103,700 5,110 14,127 122,937 Ex Iture o Charitable actlvllle8 77,132 25,672 102,804 Net Incomlnglloutgolngl rasourc•s before transfers 26,568 5,110 {11,5451 20,133 Gross transfer8 between funds 12 113,3221 13,322 Net Incomolloxpendlturg) for the yoarl Net movgment in funds 13,246 5,110 1,777 20,133 Funtl balances al 1 January 2022 91,545 629,099 5,414 726,058 Fund balances at 31 Docomber 2022 104,791 634,209 7,191 746,191 The statement of financial aclivltles includ0$ all gains and lossè8 recognis8d in the year. AJI income and expenditure derive from continulng activrties.

MALVERN EVANGELICAL CHURCH BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Comblned Notes Flxod assets Tangible assets Current assets Debtors Cash at b8nk and In hand 13 912,388 930,525 14 2,331 52,633 10,554 35,233 54,964 45,787 Creditors: amounts falllng dug wlthln one year 15 {31,1921 129,9251 Net current assets 23,772 15,862 Totsl *sséts less ¢urrent IlabllStloS 936.160 946.387 Credltors: amounts falllng due after morg than on& year 16 1171,0241 1200,196) Net asset8 7e5,136 746,191 Income fund$ Reslricled funds Unrestricl d funds Deslgnated funds Ganeral unreslricled 18 2,439 7,191 838,900 123,797 834,209 104,791 762,697 739,000 765.136 748,191 The financial statements were approved by the Deacon8 ¢)n 22 May 2024 George ChaTr￿George Treasurèr

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting poll¢le$ Entlty Informatlon Malvem Evangellcal Church is a Charotable Incorporated Organisation registered ￿th the Charlly Commlssion In May 2018. The prfncfjpal addre88 18 204 - 208 Picker$leigh Road, Malvern, Wor¢ester8hire, VVR14 2QX. Basls of prèparatlon Malvern Evangelical Church was a registered Charity 113125, a new Charitable Incorporated Organisation was e$tsblished and is regislergd wlh the Charity Commi8sion under nurnber 1178558. All the assets and liabilits'os of the the former charity were transferred to the new organisation on 1 January 2019. These financial slalemenls are prepared in accordance with section 27 of the Statement of Recommended Practice, merger accounting. The assets, liabilities and funds of tho iwo enlilies have been aggregated, the rosulls for the year show the combined position for the whole accounting period and the comparatives relate lo the old tharity 1133125 now removed from the Register. 1.1 Accountlng convention The accounts have been prep8red in accordance with the church'8 Rules and Constitution, the Charllles Act 2011 and 'Accountlng and Reporting by Charities.. Slalem6nl of Recommènded Practice applicable lo charities preparing their accounts in aG¢ordance with the Financial Reporting Standard appllcablg in the UK and RepubliG of Ireland IFRS 102)" leffeolivg 1 January 20191. The Ghurch is a Public Benefit Entity as defined by FRS 102. The church has taken advantage ol the provisions in the SORP for chor5ties applylng FRS 102 Updatè Bulletin 1 not lo prepare a Slalement of C08h Flows. The financ181 statgmgnls have departed from the Charities (Accounts and Reports} Rogulalions 2008 only lo the extent required lo provide a true and fair view. This departure has involved following the Slalemenl of Recommended Practice for tharltie8 applying FRS 102 rather than the ver81on of the Statement of Recommended Pra¢lice which 13 referred lo In the Regulations but which has 81nce begn wilhdrawn. The finanolal slalemenls are pr8parfjd in steding, which Is the functional currency of the church. Monet8ry amounts in these financial statements aro rounded lo the nearest £. The financial slalements have been prepared under the hlstorfcal e08t convention. The principal accounting polldes adopted are set out below. 1.2 Golng con¢ern At the tlme of approving the financial ¥lalemen18, th8 Deacons have a reasonable expectation that the church h?$ adequate resources lo contlnue In operational exi8tenco for the foreseeable future. Thus Ihg De8¢on8 continue to adopt the golng concem basis of accounting in preparing the financlal 8lalements. 1.3 Charltable funds Unrestricted funds ar8 avallable for use at the dlscretlon of the Dgacons In furtherance of Ihoir charitable oblecllves. All incomo re￿IVed for a specific purpoge, and expenditure relating lo Such purp08e8,1s 888lgned to the relevant restricted fund. Endowrnenl funds are subject to speclfiG condiknons by donors that the capital mu81 be mainlalned by Ihg church.

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles {Contlnuod} 1.4 Incomlng resourcès Income is recognised when the church Is legalty entilled to il after any perfomiance conditions hav8 been met, the amoun18 can be mea8ured rellably, and il Is probable that income will be received. Cash donallon8 are recognlsed on r6ceipt. Other donallon5 are recognised once the church has been notffied of the donalltsn, unless performance conditigns require deferral of the amount. Income tax reGoverabl8 In relatson to donations re¢elved under GiftAid or d¢ods of covenant is recognlsed at the limo of the donation. Legaoies are recogn18ed on recelpt or olheMl8e If the church has boon notified of an Impending distribution, the amount Is known, and recelpt Is expected. If the amount Is not known. the legacy Is trèated as a contingent asset. All other income Is recognl8ed whèn il is receN&d. 1.5 Re$ourcg8 gxpendod Liabilities are re¢ognised for the amount8 that the charity anticipates il will have lo pay to Settle a dèbt or the amount that il has received in advance 88 payment ftsr services it has to provide. Expendlture on charitable octivities includes the ¢0818 assoclated wth the a¢tivities undertaken to further tho purposes of the charlty and their associated 8LlPPOrt costs. Other expenditure represents those Items not falling Into any other heading. Irrecoverable VAT is Gharged as a cost against the acltvily for which the expendf(ure was Incurred. Support costs are those functions that assist the work of the charity but do not directly undertake charitab19 aetivilies. Support costs Include back office costs, flnance, personnel, payroll and governance costs which 8UPPOrt the progrgrnmes and actSv51ies undertaken. The support Gost5 arg treated as core Tunnlng c0818 of the charity- 1.6 Tanglbla tlxod 8$sgts Tanglble flxed assèts are inllially measured al cost and 8ubsequen￿Y measured at cost or valuallon, net of depreclalion and any impairyngnl106ses. Depreciation Is recounlsed so as to write off Ihg cost or valuallon of assets less their ro$idual value8 over thelr useful lives on tha following basès.. Land and bulldlng8 Property improvements Computer equipment Flxlures, fittings & equlpment Buildings over 50 ye8r8 5 years straight line 330/0 on net book value 33% on net book value and 5 years slTaighl line The goin or loss arising on the disposal of an asset is dolerminod a8 the dlfference between the sale proceeds and the carrying value of the asset, and Is recognisod in the statement of financl81 actlvfiies. 1.7 Impalmiont of flxed assets At each reportlng end date, the church review8 the carrylng amounts of ils tangible assets to delennino whether Iheie is any Indlcation that Ih08e a8set8 have SLrfferèd an Impalrment 1088. If any such Indlealion exists, the recovorable amount of th6 a8set18 e8tlmaled In order to delemilne the extent of the impalment loss (if any). 10-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcles Icontlnuèd Recoverable amount is the hlgher of falr value less costs lo sell and value In use. In assesslng value in use, the eslimaled future cash flows are dlscountèd lo their present value uslng a pre•tsx discount ralo Ihal reflects current market assessments of the tlme valu& of money and the risks spec￿¢ to the asset for which the &8tlmales of future cash flows have not been adlusled. If the recoverable amount of an asset 18 esllmaled to be less than ils carrylng amount, thg carrylng amount of the as8el is ieduced to its recoverablè amount. An impaimient loss its recognised Immediately in incomel {expendilurel for the year, unlèss the relevant asset is Garrigd al a revalued amount, in whi¢h case the Impairment loss is treated as o revaluation d8crea89. Recogni8ed impairment losses are reversed If, and only if, the reasons for the impairmonl loss have ￿aSed lo apply. Where an impalmenl loss subsequently revgrso$, the carrying amount of the asset 1$ increased lo the revi8&d eslim819 of Its recoverable amount, bul 80 that the in¢reasod carrying amount does not oxceed the carrying amount that would have been determined had no impairment Ios8 been recognised for the asset in prior years. A reversal of an impaiment Ios81s recognisgd immedlately, unless the relevant asset is carrfed In al a revalued amount, in which case the reversal r)f the Impairment loss 18 treated 8s a revaluation increase. 1.8 Cash and cash 8qulval&nts Cash and cash equivalents Include cash in hand, deposits held at call with banks. other short-tem) liquid investmen18 with orlginal maturities of threg months or18ss, and bank overdrafts. 1.9 Flnanclal Instruments The chureh ha8 elected to apply the provisions of Sedlon 11 'Basi¢ Financial In$lrumenls' and Section 12 'other Financial Instruments Is$ug$' of FRS 102 to all of ils financial inslfumenls. Financial Instruments aro recognised In the church'8 batance Sheol when the church bècomes party to the contractual provlsion8 01 the inslrvment. Financial assets and 158bi1it18s aro off$81, wrth the nel amounts presented in the ffnanclal statements, when thgre is a legally enforceable right lo set off thè recognised amounts and there Is an Intenllon to settle on a nel basis or lo rea118e the asset and settle the IlabllKy 8Imullaneously. Baslc flnanclal assets Basic finandal assèts, whlch include debtors and cash and bank balances, are initially measured at transaction price includlng transaction costs and ara Subsequently carriod at amortised cost uslng the effective interest method unl888 the arrangèment ¢onslilules a fi'nanclng transaction, where the transaction18 measured al the present value of the future re¢oipls discounted al a market ral8 of interest. Financial assets classified as receivable within one year are not amortised. Basic finanelal Ilabllltles Basic financial liabilities, including creditor$ and bank loans arg initially recognl8ed 8t transaction price unless the arrangement conslilLrtes a finanrAng transacllon, whero the debt Instrument is mea8ured al the presgnl value of the future payments discounted al a market rale of interest. Financial liabilitles cla88ifled as payable thln one ye8r are not amortised. Debt instruments are subs6quenUy carried at amortised c08t. using the effective interest rate medwrl. Trade creditors are obiigatlon8 to pay for goods or services that have been acqulred in the ordinary course of OP6ralions from suppliers. Amount8 payable are classified as current liabllitlos if payment is due within one year or less. If not, they are presented as non-Gurr8nl liabilities. Trade Creditors are recognised inillally at Iransactlon price and subsequerbtly measured al amortised cost using the effective interest method. 11

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounilng pollcle8 Icontlnued) Derncognltlon ol Ilnanelal liabilities Flnandal Ilabilltles are derecognl8ed vthen the church'8 contractual obllgatlon8 exyre or are d18charged or canealled. 1.10 Employ•• b•n•flts The cost of any unused hdiday antidament bs recogn186d In the perlod In whlch the employee'8 88rvlces arè re¢oivod. Te￿nInatIon bgngfl1$ are recognlsed immediately as an expenge when the church Is domonslrably committod to temilnalo the gmpbyment ol an employ¢¢ or lo provld¢ lerminalion benefit3. Crltlcal accountlng 08tlmat9s and Judgements In th8 8ppIIc8Uon of the thurch's accounting pollde8, ￿ Deacon8 are requlred to make ludgemants. estimates and 868umption8 about the catyng amount of a88815 and liabillties that are not readily apparent from other soufce8. Tho esllmate8 and a880daled 888umptsons are based on hlstortcal ey￿rIenCe and other factors that are con8ld&red to be relevant. Actual r88ult6 may drffer from these e8tlmale8. The e¥timat88 8nd undety'ng a88umpllon8 are revlewod on an ongolng ba818. Rev181on8 10 8ccounllng egtlmates are recogni8ed In the period In whleh the estimate 18 revl8ed whère the rev18ion aff8ct6 only that PèAod, or In thè perlod of the r&v181on and futur8 pertods where the revi8ion affeclg both current and future p8rlod8. 12-

4)

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Other actlvltlo8 Unrg8trlGtgd unf￿t￿ctod lunds funds g•neral goneral Comblned 2022 2023 Church actfvllles and clubs 405 Inve8tments Unr•#trlctod Unrestrlcted lund• funds g•neral genernl 2023 2022 Intere8t receivatle 51 14-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 CharltabS6 actlvltl•• Mlnlstry and Club8 and mbslon olhor fvnd actlvlll Total Mlnlstry and Clubs and mlsslon othor fund actlvltles Total Cornbln 2022 2023 2023 2023 2022 2022 Staff cost8 Depreclalion and Impairment Costs of runnlng activitigs 10,450 10.450 27,789 27,789 18,137 18.137 4,175 20.441 20,441 2,492 4,175 2,492 28,S87 4.17S 32.762 48.210 2,492 50,702 Grant funding of ￿ti￿lieS (See note 7} 26,041 26.641 25,672 25,872 Share of support CO818 (See note 81 Share of governance co818 (see note 8) 41,308 41,308 24,279 24,279 1,884 2,151 2.151 98,400 4.175 102.575 100,312 2.492 102,804 Anaty$ls by fund Unreslrietgd funds- general Re8tr1cted fund8 71,759 28,641 4,175 75.934 28,641 74.840 25,672 2,492 77,132 25,672 98,400 4,175 102,575 100,312 2,492 102,804 Grants payab 2023 2022 Comblned Grants madè188e restricted fiJnd8 nolel 28,841 25,672 26,641 25,672 15-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support ¢o¥ts Support Governancè CO8ts costs 2023Support costs Governance C08ts 2022 Comblned Other 8UPPOOrt exp8ndltur8 888 bdow 41.308 41,308 24.279 24,279 Accountancy fegs Bank chargè$ 1.440 424 1,440 424 1,620 531 1,620 531 41,308 1,8e4 43,172 24,279 2,151 26.430 Analy5ed between CharitaNe adv1￿88 41,308 1,864 43,172 24.279 2,151 28.430 Gov6mance c08t8 Inthd8s paym8n18 to the accountant8 a8 8hthvn atrf)ve for accourrtancy fee8 and other Services. Other support exp•ndlture 2023 2022 Bulltllng repalr8 and malntenance Rates and walor Light and heal Insurance Postage and statlon¢ry Telephong SubscriptiM$ Sundry EX￿n888 MoTtg8ge Interest Web5118 Costs Cleaning Kitchen 8upplle8 2,197 3.138 4.477 3,432 156 H3 2.072 1,485 1,263 2,744 2,920 311 304 1,606 14,724 778 2,130 1,140 10,234 744 2,189 449 41,308 24,279 Dga¢ons None of the Deacon8 (or any persons connecte(l *ryth them) received any remuneration durtng the year. Non8 of the De8con8 were Telmknmd travelling oxp8n888 I￿rIng the year. 16-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Employees Number of èmployfj•¥ The average monthly number of employees during the year wa8.. 2023 2022 Comblned Number Number Full-lime employees Employmont 2023 2022 Combln•d Wages and 88larie8 Other pension costs 10,450 23.119 4,650 10,450 27,769 The employ8e8 ar8 consldered to be the key management personnel. however In 2023 we operated wlthoul 8 paid mlnsler. There were M 8mpk>yee8 who88 annual remuneratlon was £60,000 or more. 11 T•xatlon The charity18 exgmpl frorn tax on income and gains falling within section 505 of the Taxé8Acl 1988 or section 252 of the Taxation of Chargeable GainsAct 1992 to the extent that these are applièd lo 118 ehar118ble objects. 12 Tran8fer8 A Irgn8fer of £10,352 wa$ made from unr68tri¢lod to r¢$lri¢t9d funds to covèr thè ¢xc688 of Mslricted fund exp8ndllure ovor Inc¢)mo. Followng the wnplelion of the accommodation project. 011 restricted funds rè¢élvèd In connection the project were rfjleased lo the designated fvnd$. Transfer5 are made lo match the valu$ of freehold property and fixture8 and ffttings associated therewbth, after due allowanGe for outstsnding loan¥ and uedilors. 17-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Tanglblg flx•d 080¢ts Land 8nd Prop8ty Flxtuyes, ComputsrB IxLlldlng• Impr¢>v•m8nts tdng8 & equlpment Cost At 1 j￿￿ry 2023- ¢ombined 1,040.382 9.732 7,431 1,124.429 At 31 DeKember 2023 1.040,382 9.732 66.884 7,431 1,124,429 Dtpreclatlon and Impalmient At 1 January 2023- Gombingd Deproclalion chargèd Sn the year 116,292 15.996 9,732 60,972 1.954 6,908 185 193,904 18,137 Al 31 December 2023 132,290 9,732 62,928 7,093 212.041 Carrylng amount At 31 December 2023 908.092 3.958 338 912,388 Al 31 D¢cembor 2022- wnblned 924,090 5.912 523 930.525 14 Debtors 2023 2022 Comblned Amou¢th falllng duo wlthln on8 year: Other debtors 2,331 10,554 15 CrodltorJ: amounts f•llln9 du• wlthln one yg•r 2023 2022 Comblned Not•s Bank k)an8 other borrowlng8 Accruals and deferréd In¢om• 17 24.752 s,000 1,440 23,485 5,000 1,440 31,192 29,925 16 Cr¢dltorn: amount# falllng duè aftèr more than on• ye•r 2023 2022 Combln•d Noto8 Bank loans Other cre(I￿or8 17 161,024 10,000 185,198 15.000 171,024 200,1 ge 18-

MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Loans and ovordr4ft8 2023 2022 Gombln•d 8ank loans Other loan8 185,776 15,000 208,881 20,000 200,778 228.881 Payable within ono year Payable after one year 29,752 181,024 28.485 210,198 Amounts Indudgd above whlch fall due after five yea[¥: Pay8ble by In81alment8 47,532 46.773 Th8 lon*temi loan18 secured by a flxad char98 ovèr the freehold propety of the Charty. The mortgage wa8 entered Irrto lo provide financo lor the building of the church, it wa8 for a period 0115 years, repayabla by in5talments and carries intere¥t at V8ri0ble Tate. The other loan relates to fjJnd$ odvanced by a mombef lo facilitate the financing ol the new church buildlng. Th18 advance Is unsecured and Interest frge and r8payable, provided funds allow, in equal inslalments of £5.000. 19-

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MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 D••lgnated funds The Income funds of the charfty Include the following de81qnaled funds wNch have be8n Sel aside ¢)ui of unreslricied lunds by the trustees for specific purp08es'. Movèm•nt In funds I￿omIng Balance at reJourc•s1 January 2023 Movgmont In funds Incomlng Balan¢e at our¢o• 31 DocgmlJ•r 2023 Balanc0 at l January 2022 Comblnud Freehold prope Accommodallon woject 552.451 76.648 552,451 81,757 552,451 80,448 5,110 4,691 629,099 5.110 634,208 4,891 638,899 A8 the freehold properties ovmed by the church are rKJI lo b& 8dd wlthin the foreseeable fvture, Ihe value of the frephold propety held, ng1 of mortgage loans and other as￿¢181¢￿ creditors, Is treated a8 a designated fund. The a¢¢ommodaUon fund reprèsènts money 8et a￿de by the dèacons to assist ￿th costs Involved ￿th oxpandlng thè physical trAtlldlng$ and facllltl88 to accomrnodale the long tem need8 of tho MEC. 22-

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MALVERN EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 21 Related party tran5actlon$ There were no dlsdosable related party Iran8actlon8 durfng the year12022- nonel. -24-