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 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 se*rvas. 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 cc*nvened 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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IY (D OJ
J *y) r
wj
Clor
Vf4
Ojro
¢0

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 se*rvas. 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 cc*nvened 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-

¢0
IY (D OJ
J *y) r
wj
Clor
Vf4
Ojro
¢0

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-