Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E Charity number- 222407 EVANGELICAL MOVEMENT OF WALES UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES CONTENTS Page R•f¢r•n¢• and Admlnl$tratlY• D¢tsll$ of th• Charlty. Its Tru$t••$ and Advl$•rs Trustees. Report Trust••s' R•tsponslbllltl•s Statèm•nt Ind&nd0nt Examln8r's Report Statement of Financial Activities Balan¢e Sh¢•t 10 statement of Cash Flows Not¢8 t¢ tho Flnan¢lal Stat•monts 12-30
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Trustees Rev J Bailey. Chair Mr A Ebenezer. Trustee Rev E James. Trustee Mr G Lewis, Truslee Mrs E Macdonald. Trustee Miss H Milchell. Trustse Dr M Munday. Trustee Rev A Pitt. Trustee Rev P Swann. Trustee Charlty r•gist•red numbor 222407 Prlnclpal offl¢• 31 Hol)ead Road 8an9or Gwynedd LL57 2EU A¢¢ountants MHA Charter Court Phoenix Way Swansea Enterprise Park Swansea SA7 9FS Bankers HSBC Bank Pk 8nd9end CF31 1JQ Page 1
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees present their report with the financial stslernents of the chartty for the year ended 30 September 2025. The trustees have adopted thg provisions ol A¢¢ounb"ng an¢J Rewrting by Chariligs.. Stslemenl of Recommended Practi¢e applicable to ¢harities pparing their accounts in a¢cordan¢e with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeciive 1 January 20191. OBJECTIVES AND ACTIVITIES Obl¢¢tlv•s and alms These are as follows.. The prornolion of a true and faithful witness lo the lundamental tnjths of the Christian faith las outlined in the Dodrin81 Beliel in Clause 318nd lo the essential spiritual unity of those who subscribe to it. To bring others lo a personal knowledge of the Lord Jesus Christ and encourage them lo live godly Iiv8S. To fostèr èvangelism, experiential r81igion and a ¢onc8m for rèvival. To provide means for unitsng and cwrdinatsng the witness and lell¢)wship of evangelical churches. fellowships and individual Christians. The formation and supervision of evangelical fellowships. The publication. distribution and sale ol English and Welsh literatu Consislenl with the Doctrinal Belief of the EMW and lo laulitsle the same lo open such shops and other oullels as may be ne¢&ssary for these purposes. Provided Ihal the EMW shall nol undertake any pemianenl Irading which is not ancillary lo the objects described atrove. To provide Christian workers who subscribe to the EMW'S Doctrinal Belief with advi and support. To provide theological education and iraining for persons aspiring to Christian service within the evangelical wnsliluency. To co-operate with other bodies. at lme and abroad, which Subs¢rf lo the EMW'S Doctrlnal Bellefs In furthgring the foregoin9 th'ms and Objectives. To help Christians think and act biblically regarding the world in which we live. Subject lo any consents required by law to borrow and raise money in any manner. whether wlh or wilhoul security or any public appeal. lo lacilitale Ihe achievement ol ihe objects. To invest surplus monies Irom lime lo time in suth a manner as is 8llowed by law. To do all such other lawful things as are necessary for the achievement of the oblects. Slgnlflcant actlvltle8 The EMW serves churches. We ntinue lo serve the church by: supporting, training, encwraging and developing church leadws; resour¢ing and training churches and Christians with Bible-based, go$pel<entred resources.. organising conferences and events that teach the Bible and promole Christs'an unity by bringing together people from a variety ol different churches.. running camps and other ministries for young people- supporting churches in mission and evangelism- encouraging praygr, particularlyfor Wales. In this context, volunteers contribute significanuy lo almost all areas of the EMW'S work. This provides a strong base of skills and enables our ministries to be more affordable. Our camps and bookshops in Bala, Nealh, and Wrexham are totally staffed by volunteers. Th• public b•n•fit of th* $¢rvi¢•$ provid•d by th¢ EMW The organisation's trustees can confimi that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission, as demonstrated by the above objectives and activities. Pag8 2
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 ACHIEVEMENT AND PERFORMANCE Charltsbl• a¢tlvltl•s It has been yet another year of change and developmenl within the charitls staffing structures. Although challenging al times, we have continued to serve thousaThls through our ministries and services. The following is a summary ol the main activitie5 of the year. 1 Serving the Church through organising conferences and events Ihat teach the Bible and promote Christian unity by bringing together people from differenl churches The summer residentsal conferences in English and Welsh look place. Roughly 1,200 attended the English conference in person. 220 8ttended the Welsh conference la decrease on 20241. and many more watched online. Th8 South Wales Ladies Confence saw a significant increase in the number of att8nd88s. Our Confèr8n¢g Centre supports hundrèds of Christians and Churches throughout the UK and has seen significant apital investment this year once again. 2 . Serving the Church through Supporbng, Training and Developing Church Leaders The training and support of church leaders are ol major significance for the church's health in Wales. Twenty mgn arg currently on our Th8ologi¢al Trainin9 Coufse 1cl, designed lor men called into Christian ministry. Our Pastors, Wives, Annual Conference look place in Bala with around 30 women attending, and a new conferencg for South Wales Pastors. Wives. wll be launched in October. Our Welsh and English Residential Ministers. Conferences resumed with roughly 15 and 75 men altending. re5pec¢ively. The New Pastors, Conference and Church Training Days (now called Serve) ItK)k place this year. We also launched a new retreat for womèn in paid mlnislry this year. We have also continued Ihe secon¢Jmenl of a Pastoral Director whose role is lo vlsll and support Church Leaders throughout Walgs. We plan lo launch a new inilialivg called 'Care-Gofal' next year lo provide strategic and wider pastoral support lor church leaders. 3 - Serving the Church through running camp5 and other ministries for young people Over the course of the year. we ran fourteen SIdentIal camps 8ttended by over 650 young people. Many young Pgople from disadvantaged gwnomic situations attend the camps and take advantagg ol the bursaries available to them (increasing year on yearl. Although our youth resources worker was on maternity leave for most of the year, the 'Lumina' project contsnued engaging with hundreds of young people in various ways. 4 - Serving the Church through resourcing and training churches and Christians wth 8ible-based, Gospel- cenlred resources Our English and Welsh language magazines. The Evangelical Magazine and Y CChgrawn Efengaldd continued lo be produced and appreciated. We are producing fewer English and Welsh language books (published under the Bryntirion Press and Gwasg Bryntirion imprints), but have been heartened by the sales of evangelistic resources IEmWlHoli-CirVIECIEV8nge1IcaI Magazine 8nd YouTube channels). Our bookshops continue, an(1 we a encouraged lo see sales of Bibles increasing (Swansea. Neath, Bala and Wrexhaml. 5- Serving the Church through supporting churches in Mission and Evangelism We prL%Juced and distributed evangelistic magazines for use by churches and at national events such as the National Eisteddfod, the Royal Welsh Show. and the Hay Festival. Stsff member5 and Iruslees also participated in evangelistic events and missions throughout the UK. 6- Serving the Church through eruraging prayer for Wales We continue to encourage prayer through praser letters and bulletins. Pag8 3
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 FINANCIAL REVIEW Flnan¢lal po$lOn The attached financial stalements set out the charivs income and expenditures for the year ending 30 September 2025 and (ts posrtion at yearend. The tnjstees have opted for an independent examination of the accounts in line with the Charity Commission regulation5. The EMW reporte(l a deficit for the year of£5.718. compared to a deficit of £51.173 in the previous year. In the past, assets were sold to maintain a cash balance. This is nol our preferred method of providing cash resources, even though the value of properties owned by EMW is more than the figure shown in these accounts. Only if absolutely necessary would the value held in property be used lo secure short-term overdraft facilities. EMW are in the process of correcting and redaiming Gift "d daims and employment allow8nce claims from previous years. Prln¢lpal fundlng $our¢e$ While surplus from some mini51ries continues lo be an important Source of income. we continue lo be grateful for the generous giving of our supporters and recognise that all these resources are ultimately provided by God. We recognise the nee(i lo inc8$9 our gift income aThJ ran a campaign during the summer lo communicate our nggds. Investment pollcy and obl•ctlv•s There are no reslridions on the EMW'S inveslmeni power. The twslees have invested cash not immediatèly required in Money Market accounts as this h8s been found lo give Ihe best relum and ensure access lo the funds is available when necessary. sIk market investments are not considerod lo be in accordancg with the EMW'S ethical standpK)int. Resorv•B pollcy The total funds of £1.869,043 include £58.976 which are held for $In¢le purposes as shown in the notes lo the accounts. A further £1,380,791 has been designale(I for specthc purposes, set out in the same note. These designated funds comprise of fixed assels, slock and cash. The remaining are the free reserves. The charitys policy is to have suffiaenl free reserves to cover working capital requirements, day-to-day running Costs and planned deficits wilhoul the need for bank tL)rrowing. The trustees review the policy annually in the light of changing cir¢umslances. Rlsk manag8m•nt The principal risks facing the EMW are financial risk, the risks associated wlh safeguarding children and adults at risk ol harm. falling volunteer numbers. and a move away from our doclrinal basis. There is also an ongoing risk due to the relatively small number of management staff employed al the charity Carryng significant responsibilities. A new Director of operaiions will be appointed next year lo ease the burden on the management staff. We also plan lo sell our South Wales Office building {currently not used by EMW from day lo dayl. The trustees will discuss how lo invest this rnoney in future meeting of the Management board. Our volume of activity remained high in the summer of 2025. and we are grateful for the number ol suitable volunteers. While the overall aclivity level and the EMW'S dependen on gifts continue, the trustees believe that the EMW will be able to continue into the future. Pag84
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 We rernain Cornmitted lo developing our information systems and strengthening gcKyJ working practices through our Employee Handbook and staff training. This year. we starte<l an internal review of the adminislralivtr systems land staffing suprK)rtl to safeguard staff support and the correci and effective use of voltjnteers. Safeguarding risks prinapally arise from our work wth children. These risks are rnanaged by a deeply ingrained assessment, approval, monitoring, and reporting steM for our staff. volunteers. and all who can access EMW activities. The new FK)licy and code of conduct has been implementeil and is closely monitored by a nominated person acting on behall of the truslees, with updates and reports given lo all trustees, meetings. We believe prayerfulness is vilal alongside our practical diligence in all these areas. FUTURE PLANS Our new Management Board and trustees continue lo develco and understand the inner workings of the charity. Th8 following areas are priorities for the comin9 years= Supporting Leaders. This includes-. Increasing our provision for women in Christian work through a retreat Ito take plac8 in November), and the Pastors, wives. Conference South Wales. Seth'ng up ol the Care-Gofal project lo offer pasloral support to leaders. Children and Youth Work. This indud8s'. Developing a network ol youth 1¢ad0. Increasing capacity on camps. Evangelism and Prayer. This includes.. Working closely with Churches and Chrlstians in geographlcal areas that have Ilttle support. Thls Includes Church re-vitslisalion. Offer a second annual edition of our magazine. Staff support and welfare. This includes.. Ensuring th81 Management Board mèmbers are linked with staff lo offer support. A revlew of adminlslrallve processes WTthin the charity lo ensu effective use of resources. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Evangelical Movement ol WaleslMudia¢J Efen9aldd Cynru Iherein8fter referred to as the EMWI was registere(J as a charity on 19 November 1963. The EMW'S Constitution, adopted on 9 April 1962 and amended on 24 April 1980. 1 S November 2000, and 20 February 2008, governs the charity, which 15 an unincorporated as50cAation. Recruitment and appointment of new tru$t¢¢$ New trustees are appointed to Ihe Management Board followng the EMW'S constitution. Appointment to the board shall be made by a resolution of two-thirds of the members of the board who are present and voting. The chairman and vice<hairs shall be elected by the board members, and the support of two-thirds of the members of the board who are present and vots.ng is required. No person shall be eligible lo be a member of the Managèmènt Board unlèss thèy shall g& awnt to land sign annuallyl the doctrinal basis of thè EMW and liv8 a lrfe worthy of the gospel. The Management Board shall serve for a period of three years. At the end of the three-year period, all board members shall rets're. but members who meet the eIlbIlIty criteria above will be eligible for re-appointment. Pag8 5
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Organisational structure Members of the Management Board are the EMW'S trustees. They have full and final responsibility for formulating and implementing the EMW'S Aims, Objecis. and Doclrinal Basis. The board consists of the chairman. vice-chairs lone representing Welsh-language work. the other English- language workl, core member5. each leading one named main area of ministry. and additional members lo suppc>rt the Chaimitrn, vice-chairs, or Core members. Wherever possible, trusltres arg appointed to conslilule a mix of English-speaking and Welsh-speaking members to reflecl the nature of the EMW'S work in the two languages. Inductlon and tralnlng ot new trustees The trust8gs lak8 formal $[K)nsIbility lor the effective induclion of all new trustees and for ensuring that all potential trustees are fully inlormgd of their lègal reskx>nsibilities. The induction of trustees includes the provision of an "Inductson Pa¢k- and infomiation nCerning.. Charity Commission booklet CC3 and the related"Jigsaw". The Charity Governance Code prepared by the Charity Govemance Cc*Je Steering Group. The charitys Constitution and Stsnding Orders. The chariws key policies.. Salegvarding. peThneI, and Health and Safely. Reports on the ¢harilYs financial positi and an explanation ol its most recent independently examined acwunts. The charitys Statement of Doctrinal Belief and Code of Conduct. The current and future plans of the charity. Related partles The tille to all freehold and leasehold prop8ty owned by the Evangelical Movement of Wales is held on its behalf by the Evangelical Movement of Wales Trust Limited. The appointmenl of all directors ol the Evangelical Movement of Wales Trust Limited is subject lo ihe approval of the Management Board of the Evangelical Movement ol W8les. Approved by order of the members of the board of Trustees an(1 signed on their behalf by.. Date.. June 11, 2026 Jeremy Bailey Chair of Trustees Pag8 6
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Trustees are responsible for preparing the Trustees. Rew)rt and the finaTicial statements in accordance with 8pplieablg law and United Kingdom A¢¢ounb"ng Stsndar¢Js (United Kingdom Generally Accepltrd A¢counling Practicel. The law applicable lo charities in England & Wales requires the Trustees lo prepare financial statements for 88¢h financial year which give a true and fair view of the stsle of affairs of the Charity and of its incoming resourcès and applicAtion of resourcès, induding its incomè and expènditure, for that period. In prep8ring these financial statements. the Trustees a to.. $gle¢l suitable a¢counbng policies and then apply them ¢on$i$tendy, observe the methods and principles of the Charities SORP IFRS 1021., make judgments 8nd 8ccounling estim81es that8 reasonable and prudent,. state whether applicable UK Accounting Siandards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial siatements.. preparg the financial statements on Ihe going ¢oncem basis unless il is inappropriate lo presume that the Charity wll cLJnbnue in business. The Trustees are responsible for keeping adequate accounting records Ihal are sufficient lo show and explaln the Charills transactions and disclose with reasonable accuracy al any lime the financial position ol tho Charity and enable them to ensure that the financial statements comply wlh the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the TnJst deed. They are also responsible for safeguarding the assets of the Charity and hence lor taking reasonable steps for the prevention and detection of Iraud and other irregularities. Approved by order of thg membgrs ol thg1)oard of Tru$tee$ and signed on its behalf by.. Dale.. June 11, 2026 Jeremy Bailey Chair of Trustees Pag8 7
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Independent Examinerfs Report to the Trustees of Evangelical Movement of Wales {Yhe Charity'l I report to the ¢harity Twstees on my examinatK>n of the accounts of the Charty for the year ended 30 September 2025. Responsibilities and Basis of Report As the Trustèes of the Charity you arè responsible for the prep8ration of thè aceAxJnts in accordance with the requirements ol the Charities Act 2011 {'Ihe 2011 Act'l. I report in respect of my examination of the Chariws accounts carried out under secb'on 145 of the 2011 Act and In carryng out my examination I have followed the applicable Direcb"ons given by the Charity Cofflmi55ion under section 1451511bl ol th8 2011 Act. Indgpgndent Examln8r's Statemènt Sinc& th& Chariws gross income exceeded £250.000 YOUT examiner must bè a member of a body listed in sedion 145 01 the 2011 Act. I confimi that l am qualifie(J to ijndertake the examination because l am a mtsmber of ICAEW, which is one of the lisied bodies. I have completed my examination. I confimi that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. 8ccounty.ng CordS were not k8pI in respect of the Charity as wuired by section 130 of th8 2011 Act,. or the accounts do not accord with those records., or the accounts do not comply with Ihe applicable requirements concerning the fomi and conlenl of accounts sel out in the Charibes IAccoun¢s and Reportsl Regulalions 2008 other than any requirement that th8 accounts give a 'lrue and fairf view whith is nol a mattgr considorod as part ol an ind8pend8nl examination. I have no concems and have come across no other matters In connecllon wrth the examlnallon lo whlch attgntion should bg drawn in this port in order lo enable a propgr undgrs¢anding of thg a¢¢ounls to bg roachgd. Slgned.. Daled.. 11 June 2026 Rachel Doe ACA DChA MHA Chartered Accountanis MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS MHA is the trading name of MHA Audit Se1 LLP. a limtted liability parthership in England and Wales (registe(1 number OC4555421. Pag8 8
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 Restricted Unrestrlcted fvnd$ fund$ 2025 2025 Total funds 2025 Tol81 funds 2024 Note Income from: Donations and legacies Charitable activities Investments Other income 18.852 99.641 665.612 12,903 30,719 118.493 665.612 12.903 38,910 170,246 605,323 77,756 13,439 8.191 Total income 808,875 835,918 800, 764 Expenditure on.. Charitable activities 65.555 776,081 841.636 857,937 Totsl •xp•ndlturo 65.555 776.081 841.636 851,937 Net l¢xpendSturellln¢ome Transfers between funds 138.512) 33.075 32,794 133,0751 15,718) (57, 173) 18 Net movemont In funds (S,437} 12811 15.718} (57, 173) Reconciliation of fund$- Total funds brought forward Net movemenl in lunds 64.413 (S,437} 1,810,348 12811 1,874.761 15,718} 1,925,934 {57, 173) Totsl fund$ ¢orrled forward 58.976 1.810,067 1,869,043 1,874,761 The Stslement of Finantial Aclivibes indudes all gains losses r8cognis8d in thg year. The notes on pages 12 to 30 form part of these finanaal statements. Pag8 9
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 Nol• Fixed assets Tangible assets Investment property 12 13 1,232,3B4 10.893 1,201, 131 70,893 1,243,277 1,212.024 Current a55ets Sto¢ks Debtors 14 73.625 47,027 337,419 297,346 68, 122 77, 135 788,605 538,726 15 16 Investments Cash at bank 8nd in hand 755,417 872,588 Currènt Ilabllltles Creditors.. amounts1811ing due within year 17 (129,6511 f209,851) Not currènt assèt$ 625.768 662,737 Total 388•ts loss curr•nt Ilabllltl•8 1,869.043 1,874,761 Total net a88ets 1,869,043 1,874, 761 Charlty funds RÈstrict8d funds Unrestricted funds 18 18 58,976 1,810,067 64,413 1,810,348 Total funds 1,869.043 1,874,761 The financial statements We approve¢J and authorise(I for issue by the Trnstees and signed on their behalf by.. Date.. June 11, 2026 The notes on pages 12 10 30 form part of these financial stalemenls. Jeremy Bailey Chair of Trustees Page 10
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 Cash flows from operating activitie$ Net cash used in operating activities 159,3851 (52,977) Cash flows trom investing activities Dividends, interests and rents from investments Purchase of tangible fixed assets 12.903 146,0841 11.756 (3, 124) Net cash lus•d InllprovSd•d by Inv•stlng a¢tlvltl*s 133,1811 8,632 Cash flows from financing activiti•s Net cash provld•d by Iln¥n¢lng ¥¢tlvltl•s Change In cash and cash equlvalents In the year Cash and cash equivalents at bInnIng of the year 192,5661 727,331 144,3451 777,676 Cash and cash equlvalents at th• end of th• year 634,765 727,331 The notes on pages 12 10 30 fomi part of thosg finanoal Statemonts Page11
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 General infonnation Evangelical Movement of Wales is a regislereij charTty. registered in England and Wales. The governing do¢umenl is ils ¢onsts'lulion and il is an unin¢orporated association_ The prin¢ipal address 31 Holyhead Road, Bangor, Gwynedd, LL57 2EU. The natu of the d)aritys operations and principal activities is disdosed wthin the Report of the Trustees. The financial statements are presented in Steding 1£), the chariivs functional currency, and is rounded lo the nearest pound. Thg significant accounting poliuès applied in th8 preparation of these financial statements are sel out below.These policies have been consistently applied to all years presented unless othetwise slated. A¢¢¢untlng poll¢lo$ 2.1 Bas18 of preparatlon of financlal stat&ments The financial stslements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢nts in acwrdance with the Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecbve 1 January 20191, the Finanaal Reporting Standard applicable in the UK and Republic of IrelarKI {FRS 1021 and the Charities Act 2011. Ev8ngellc81 Movement of Wales meets the definilion of a public benefit entity vnder FRS 102. Assets and liabilities are initially recognised at historical cost or transaction valug unloss Otherwise slalgd in the relevant accounting policy. 2.2 Income AJI Income is recognised once the Charity has enliuemenl to the income, il Is probable that the income will be received and th¢ amount of income receivable can be measured reliably. This includes capital granls Don8lions and legacies income includes donations, grfts 8nd grants that provide core funding or are of a general naturg and a recognised where there is enttuement. probability of rg¢9ipl and the amount can be measured wth sufficient liabilty. Such income is only deferred when the donor specifies it musl be used in future accounting periods or the donor has imposed conditions which must be mel before the charity has unconditional entitlement. Income from charitsble aCtive5 Includes income r1Ve under ¢ontr8Ct or where enlillemenl lo grant funding is subjÈct to specific pÈrfomiance conditions. This incomè is recognised as th8 rèlatèd services are provided and there is entiuement. probability ol receipt and the amount can be measured with sufficient reliability. Income is deferd when the amounts received are in advan of the performanrE of the service or event to which they relate. Investment income is ()gnised on 8 receivable basis. It is not the rx)licy of the charity to show income nel of expenditure unless the sums involved are immaterial. Page 12
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies (continued) 2.3 Exp8nditur• Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendilure. rt is probable that a transfer ol economic benefits will be requirèd in s8ttlèmènt and the amount of thè obligab.on can bè mèasurèd reliably. Expènditurè is a¢¢ounted for on an a¢¢ruals basis and has been dassified under headings that aggregale all costs related lo the category. Where cosls cannol be directty attributed to particular headings they have been allocated to actsvities on a basis consistent with the use of resources. Expenditure on charitable activilies comprises those costs incurred by the charity In the delivery of Ils activilies and services lof its beneficiaries. 11 includes both costs that Can be allocated directly lo such 8cU'vilies and those costs ol an indirect nature necessary lo support them. Support costs are those costs that. whilst necessary to deliver an activity. do not themselves produce or constitute the output of the charitable activity. This includes govemance costs which are those costs associated with meeting the wnsliluts.onal and slalulory requirements ol the charity and include the accounlancy lees and costs linked lo the strategic management of the charity. 2.4 Allocatlon and apportlonm•nt of costs Al costs are allocated be8e the exPerltUre categories on a basis designed to reflect the use of the resource. Costs relating lo a particular activity are allocated ijireclly; others are apportioned on an appropriate basis. Irrecoverable VAT is allocated on the same basis. 2.5 Grants payable Grants payable are paymenls made to IhiTd parties in Ihe furtherance of the charitable objectives of the charily. The grants are Tecognised where the truslees have agreed lo pay the grant and the recipient has 8 reasonable expedation that they wll receive 8 grant, provided they comply with the tgrms of th8 agrggment. Grants dèlerrgd subj8ct to temis and wndition$ which have not bèèn mat al the year end dale are noted as a commitment bul Th)1 accrued as expenditure. 2.6 Penslon costs and other postwrntlrement benefits The chanty operates 8 defined Contributi pgnsion scheme for employees. The assets of the sch8mè arè h8ld s8parat8ly from thosg of the charity. The annual contributions payabl8 ar8 charg8d to the Stalemenl of Financial Activities. 2.7 Tangible fixed a55ets and depreciation Tangible fixed assots costing £500 or more are capitslised and recognised whgn future gconomlc benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are inilially recognised at cosl. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixe(l asset into its intended working wndition should be induded in the measurement of cost. Page 13
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies (continued) 2.7 Tangibl8 fixed assèts and depreciation {continuedl Depreciation is charged so as to allocate the cost of tsngible fixed assets less their residual value over their estimated u5elvl lives. Depreciation is provided on the following basis= Freehold property Office equipment 2% straight line 20% straight line 2.8 In¥•stm•nt pr¢p•rty Investment propety is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Ststement of Financial Activities 2.9 Stocks Stocks aro valued at Iho lower of cosl and nel realisable value after making du8 allowance for obsolete and slow-moving stocks. Cost IldeS all dired cost$ and an appropriate proportion of fixed and variable overheads. 2.10 Op•ratlng l•as¢ agr•¢m•nts R9ntals payabl8 under operaling Igases are charge(l ¢0 Ihe Sialement of Financial Ath'vitios as incurred over the temis of the lease. 2.11 Taxation The charity is exempl from lax on its charitsble activities. 2.12 D8btor8 Trade and other debtors are relnISed at Ihe settlement amount after any trade discount offered. Prepayments are valued al Ihe amunt Prepa nel of any tr8de di$vnI$ due. 2.13 Flnanclal Instruments The Charity only has financial assets and financial liabilities of a kind that qualty as basic financial inslrurnenls. Basic financial instruments are initially recognised al transaction value and subsequently measured al their setuement value with the exception of bank 103n5 which are subsequently measured at am0Sed cost using th8 effe¢b"ve interest method. 2.14 Credltors Creditors are recognised where the charity has a PTe5enl obligation resulting from a past event that 11 probably result in the transfer of fund5 10 a third party and the amount due lo settle the obligation Can be measLJred or estimated fftliably. Creditors are nomally recognised at their settlement amount after allowing for any trade discounts due. Page 14
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies (continued) 2.15 Fund accounting General funds are unreslricled funds whic* are available for use al the discretion of the Trustees in furtherance of the general objecb.ves of the Charity and which h8ve not been designated for other purposes. Designated funds comprise unrestricted funds Ihal have been set aside by the Truslees for particular purposes. The aim and use of each deSnated fund is set out in the notes to the fi'nancial stslemenls. R8slri¢led funds are funds whid) ar8 lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged againsl the specific fund. The aim and use ol each restricted fund is sel out in the notes to the financAal slatem8nts. 2.16 Termlnatlon payments The charily reccgnisfts temiination paymonts as an expense and a liabilty only wh8n the ontity is demonstrably committed either to terminate the employment ol an employee or a group of employees before the normal relirement dale or lo provide lemiination benefiis as a result of an offer made in order lo encourage voluntary redundaney. 2,17 Employee bfrnfrfits When employees have rendered sgrvice to Ihe charity, $hort-temi employeg benefits to whi¢h employees are entslled are Tecognised al the undiscounled amount expeded to be paid in exchange for that service. In¢om• from donatlons and l•ga¢los Restricted Unrestricted fund$ funds 2025 2025 Total fund5 2025 Donations 18,852 99,641 118,493 R&stnclgd Unreslrlcled funds funds 2024 2024 Tol81 funds 2024 Donations 97,103 30,251 42.892 127,354 42,892 L$gaues 97, 103 T3, 743 170,246 Page 15
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from charitable activities Unre$trl¢t•d funds 2025 Total fund$ 2025 Bookshop sales Press and magazine sales Conference centre fees Conference5 incomè Camps income Other ministries 128,575 15,230 86,540 227.994 165,935 41.338 128,575 15,230 86,540 227,994 165,935 41,338 665.612 665,612 Unrestricted funds 2024 Total fvnds 2024 Bookshops Press and magazines sales Conference centre Conferences Camps incomg Other ministries 123,525 16,480 r3,082 225.284 134, 785 32,167 123,525 76,480 73,082 225,284 134, 785 32, 167 605,323 605,323 Invosimont Incom• Unrestricted fvnd$ 2025 Total funds 2025 Deposf( account interest 12,903 12,903 Page 16
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Investment income {continuedl UnreslrAcl8d funds 2024 Tol81 funds 2024 Deposit account inleresl 11,756 17,756 Oth•r In¢omlng r•$ouru$ Restrlcted Unro8trlctèd funds funds 2025 2025 Total funds 2025 Refurbishment costs Tax rec18imed Rental incomg Other income 1,750 6,441 1,750 29,787 4,800 2,573 23,346 4,800 2.573 8,191 30,719 38,910 Unrestricted funds 2024 Total lunds 2024 Tax reclaimed 13,439 93,439 Page 17
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Analysis of expenditure on charitable activities Summary by fund type R8strlcted Unrostrlctèd funds funds 2025 2025 Total 2025 Bookshops Press & magazine sales Conference centre Conferences Camps Other ministries 132,178 11,6471 194.398 247,442 132,284 71.426 132,178 19,928 238,365 247,442 132,297 71,426 21,575 43,967 13 65,555 776,081 841,636 Restricted Unrestricted funds funds 2024 2024 Total 2024 Bookshops Press & magazine sales Conference cent Confer8nc8S Camps Other ministries 7, 189 4, 793 38,342 27,558 9,585 32,351 144,003 28,568 745, 118 210,741 139,225 64.464 757, 192 33,361 183,460 238,299 748,810 96,815 119,818 T32,119 857,937 Page 18
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Analysis of expenditure by activities A¢tlvitie$ undertakèn directly 2025 Support costs 2025 Total funds 2025 Bookshops Press & magazines Conference centre Conference Camps Other ministries 112,438 6,785 224,361 167,329 91,629 50,213 19,740 13,143 14.004 80,113 40,668 21,213 132,178 19,928 238,365 247,442 132,297 71,426 652,755 188,881 841,636 Acb'vities undortaken directly 2024 Support costs 2024 Total lunds 2024 Bookshops Press & magazines Conference centre Conferences Camps Other ministries 126,648 15,099 170.681 167,262 84,930 53, 134 24,544 18,262 72.779 71,037 63,880 43,681 157, 192 33,361 183,460 238,299 748,810 96,815 617,754 234, 183 857,937 Page 19
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Analysis of expenditure by activities (continued) Analysis of support costs Total funds 2025 Total funds 2024 Salaries Other costs Govern8nce costs 107.852 54,836 26,193 96,852 728,131 9,200 188,881 234, 183 Indepgndont examinorfs remuneratlon 2025 2024 Fggs payablg to thg Charitls independont gxaminer for lh8 independonl examination of the Charitls annual accounis Fees payable to the Charilrfs independent examiner in respect of.. The auditing of 8ccounts of a$SlateS of the Charity Other servic8s 3,500 9,200 2,850 7,900 10. Stsff costs 2025 2024 Wages and salaries Social security costs Contribution lo defined ntribU.0 pension s(*emes 203,286 17,806 3,876 192,512 14,063 3,616 224,968 210,191 Thg av8rage numbgr of pgrson$ employed by thè Charity during thè y8ar was as follows: 2025 2024 Employ88s 16 13 Page 20
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 10. Staff costs (continued) No employee received remuneration amounting to more than £60.0(K) in either year. Total remuneration paid to key management wrsonnel in the year amounted to £42,3501£39,9901. Trustees. remuneratlon and expenses During the year, no Truslees rec8ive(l any Munration or other benefits (2024- £NILJ. There were paymenls made of £3.758 12024.. £1,152) to 6 12024 - 41 trustees in respect of the reimbursements of travelling expenses incurred by trustees aitending meetings on behalf of the Movement. l other payments made lo trustees are disclosed as relalgd party transactions in note 26. 12. Tangibl• fixed assets Fr*•hold propgrty Equlpment Total Cost or valuatlon At 1 October 2024 1,310,957 63,048 46,084 1,374,005 46,084 Addition5 AI 30 September 2025 1,310.957 109,132 1.420,089 Depreciation At 1 October 2024 Charge for the year 118.679 8.242 54,195 6.S89 172,874 14,831 AI 30 September 2025 126.921 60.784 187,705 Net book valuo At 30 September 2025 1,184.036 48,348 1.232,384 At 30 S8Pt8mber 2024 1, 192,278 8,853 1,201,131 The title to all freehold and leasehold propety owned by Evangelic21 Movement of Wales is held on its behalf by the Evangelical Movement of Wales Trust Limited. Page 21
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 13. Investment property Fr¢¥hold Inv•stm•nt property Valuatlon At 1 October 2024 10,893 AI 30 September 2025 10,893 The investment propety relales lo an area ol land held in Bwts"rion. 11 is being held with the potential of ggttj'ng planning pem)ission 8ndlor for Sale. 14. Stocks 2025 2024 Finished goods and goods for resale 73,625 68, 122 15. Debtors 2025 2024 Due wlthin one year Trade debtors Oth8r d8btors Prepayrnents and accrued income Tax recoverable 4,978 8,926 28,069 5,054 5,964 6,259 67,364 3,548 47,027 77, 135 16. Current asset Investments 2025 2024 Savings accounis 337,419 788,605 The prior year comparatives have also been redassified to show noti savings accounis as current asset investments instead of cash and bank balances. Page 22
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 17. Creditors: Amounts lalling due within one year 2025 2024 Trade creditors Other laxalion and social secunty Other creditors Accruals and deferred In 105,961 4,006 5,516 14,168 186,852 9,589 13.410 129,651 209,851 Page 23
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 18. Statement of funds Statement of funds- current year Balance at 30 September 2025 Balance at 1 Octobef 2024 Transfers inlout Income Expenditure Unrg$trl¢ted lund$ Designated fund8 Designated stock lun Designated capital asset fund BYG Designated Development fund 68,122 1,212,024 5,503 73,625 1,212,024 63,889 31.253 95,142 1.344,035 36,756 1,380,791 General funds General Fund 466,313 808,875 1776,081) 169,8311 429,276 Total Unre8trlcted funds 1.810,348 808,875 T76.081) 133,0751 1.810,06T Restrlcted funds BYG Oevelopmenl fund Aunt Bessie Camp Support fund JE Davies fund Llwybrau fund Shows and Fairs Evangeltsm Wrexham bookshop Patsgonia 8,110 142.765} 34,655 15,595 40,118 8.219 4.144 6.570 110) 13) 121,575) (1.202) 110,7351 11,5791 15,005 13,069 42,680 2,207 5,291 15,2911 1,020 1,020 64,413 27,043 (65,555) 33,075 58,976 Total of funds 1,874.761 835,918 1841,636} 1,869,043 Page 24
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 18. Statement of funds {continuedl Statement of funds- prior year Balanc8 at 30 September 2024 Balance at 1 October 2023 Transfers in/oul Income Expenditure Unrg$trl¢ted lund$ Designated fund8 Designated stock lun Designated capital asset fund BYG Designated Development fund 78,497 1,221.716 (70,375) (9.692) 68, 122 1,212.024 63.889 63,889 1,364, 102 (20,067) 1,344,035 General funds General Fund 464.943 703.661 f732, 119) 29,828 466,313 Total Unre8trlcted funds 7,829,045 703,667 (732, 119J 9,761 1,810,348 Restrl¢t•d funds BYG Oevelopment fund Aunt Bessie Carnp Support fund JE Davies fund 330 9.160 f9,430J (60) 15.283 40.760 30.346 4.879 5.291 8,419 2,931 3.967 (9) (2,032J (34,311J fl,470J f8, 158) (1,541) (2) 15,595 40,118 Llwybrau fund Shows and Fair5 Evangelism Wrexham bookshop 3,409 5,291 96.889 24,53T (47,252J (9,761) 64,413 Total of funds 1,925,934 728, 198 (779,371) 1,874,761 Page 25
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 19. Summary of funds Summary of funds- current year Balance at 30 September 2025 Balance at 1 Octobef 2024 Transfers inlout Income Expenditure Designaled funds General funds Reslricled funds 1,344.035 466,313 64,413 36.756 169,8311 33,075 1,380,791 429,276 58,976 808,875 27,043 1776.081) (65.555) 1,874,761 835,918 1841,636) 1.869,043 Summary of fund8- prlor y•ar Balance 8t 30 S8ptember 2024 8al8nce at l October 2023 Tr8rtsfars in/out Inme Expgnditure Designated funds General funds Restricted funds 1,364. 102 464,943 96,889 f20.067) 1,344,035 29,828 466,313 (9,761) 64,413 703,661 24,537 (732, 119J (47,252J 7.925.934 728, 798 (TT9,371J 1,874,761 20. Analy$i$ of net assets tween funds Analysls of net assets beiween funds- current year Restricted Unrestricted fund$ fvnds 2025 2025 Total funds 2025 Tangible fixed assets Investment property Current assets 1,232,384 10.893 696,441 1129,6511 1.232,384 10,893 755,417 1129,6511 58,976 Credf(ors due within one year Total 58,976 1,810,067 1,869,043 Page 26
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 20. Analysis of net assets between funds (continued) Analysis of net assets between funds- prior year Reslricted UnrestrA¢ted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Investment propety Current assets Creditors due within one year 1,201, 131 10,893 808, 775 (209.851) 1,201, 131 10,893 872,588 {209,851) 64,413 Total 64,413 1,810,348 1,874, 761 21. Reconclllallon ol net movemont In funds to net cash flow from 0ratIng actlvStSes 2025 2024 Nel expenditure lor the year las per Stslemenl of Financial Activities) 15,7181 (57, 173) Adlu8tm•nts for: Depreciation charges Dividends. inte$1$ and nts from investments De¢reasellin¢rgasel in st¢xks Decreasellincreasel in debtors Decrease in creditors 14,831 112,9031 15,5031 30,108 180,2001 72,816 {7 7, 756) 10,375 (276) (72,963) Net cash used In operatlng •¢tlvttles 159,3851 (52,977) 22. Analysls of cash and cash equlvalents 2025 2024 Cash in hand 297,346 337,419 538,726 188,605 LId investments Total cash and cash ul¥alents 634,765 727,331 Page 27
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 23. Analysis of changes in net debt At1 Octobèr 2024 Cash flows At30 Saptomb8r 2025 Cash al bank 8nd in hand LId investments 538.726 188,605 1241,3801 148.814 297,346 337,419 727.331 192,5661 634,765 Page 28
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 24. Operating lease commitments AI 30 September 2025 the Chanty had commitments to make future minimum lease payThenls under non-cancellable operatsng leases as follows.. 2025 2024 Not later than 1 9,126 8,790 Operating lease payrnents recognised as an expense in the year amounted to £22,24212024.. £21,459). 25. Employ•• ntfit obligatlon$ The charity conlTibules lo individual stakeholder pensions. The assets of the schemes are held separately from those of the ch8rity in independently administered fun¢Js. The pension cost charge represents conlribulions payable on behalf of Ihe employees ol Ihe charity 8nd amounted lo £3,87612024.. £3,6161. As 8130 September 2025 there were contributions outstsnding of £70912024.. £7821. Page 29
Dowsign Envalope ID." 1B2CB6A149E1-8094-81W759BFA20112E EVANGELICAL MOVEMENT OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 26. Related party disclosures The following payThenls were made to Injstees during the year, in addf(ion lo any reimbursement of expenses disdosed in nots 10.. 2025 150 75 200 100 2024 J Bailey G Lewis H Mitchell E James P Swann Speakers. fees Speakers, fees Speakers, fees Sptrakers, fees Speakers, fees 180 600 Aggregate donations from Iruslees and family members in the year amounted to £4,17812024.' £2,890). Truslees sp88ker lees totslled £600 I2024 .. £5301. The Movement controls the Evangelical Movement of Wales Trust Limiled due to its ability to approve the appointment of the Evangelical Movement of Wales Tnjsl Limited's directors. Transactions beeen the o partie5 during the year were as follows.. Donations receivable from Ev8ngelical Movement of Wales Trust Limtied amounted lo £2,892 12024.. £4.0811. The amount outstanding al the year end was £Nil12024'. £Nill. The Movement shares trustees in common wlh the Eglwys Efen9aldd GyTnraeg Caerdydd, The D & M Thanksgiving Trust. The Almond Tree Trust. Affinity. 180@HopeHouse, Wales Leadership Forum, Hope for the Valleys, Clyne Free Mission. Emmanuel Ev8ngelie81 Church Newport, Peniel Grèen Congregational Church. Transactions between the parties during the yeai were as follows.. Donations and Gifts Received Emmanuel Evangelical Church, Newport {A Pittl- £1.136 Eglwys Efengylaidd GyTnraeg Caerdydd IE James and G Lewisl- £478 EMW Trust IJ 8aileyl - £2.892 Heath Evangelical Church IM Munday)- £2,600 During the year on8 payinent was made to Affinity IP Swannl. a donation payable of £1,200 12024.. £1,200}. and expenses £16512024.. £701. During the year, professional fees of £6.961 {2024.. £NILI were paid lo Llanelli Free Evangelical Church as a contribution Iow8rds the $818ry of P Swann. He is secondeil lo the EMW for 1 day a week lo work as Pastoral D1CtOr. The balance payable at the end ol the year was £Nil12024.' £NILI Page 30