2021-12-31-accounts

THE LONDON CITY MISSION (th￿￿ny Numb•r. 04284615 Ch•rlty Numb•r: 247186 Annu•l R•port Flnindll 5tst•nwnts lor th• y•ar •nd•d JI D•c•mb•r 2021

Contents 1. LETTER FROM THE CEO & CHAIRMAN 2. STRATEGIC REPORT ZA PURPOSE & IMPACT 2& STrATEGIC FOCUS 2C WHAT MArrERS TO US 2D. KEY EVENTS IN 2021 2E. MISSIONALAcnviTIES 2F. PLANS FOR FUTURE YEARS- MINISYRY 26. FINANCIAL SuST￿NABlLITy 19 2H. STRATEGICSUMMARY 20 3. OPERATIONAL REPORT 21 3K ENABLING MISSION 21 88. OPERATING RESULT FOR THE YEAR 22 3C THE MISSION'S ASSETS 23 30. COMPUANCE 3E. PRINCIPAL RISKS ANO UNCEftTAINnES 17 4. GOVERNANCE 29 GOVERNANCE OF THE LONDON CITY MISSION 31 4B. SUBSIDIARY COMPANIE5 31 4C MANAGEMENYSTAUCTURE 32 4D. PAY POUCY FOR SENIOR STAFF 33 4E. DIRECTORS. RÉSPONSI8ILm 33 4F. AUDITORS 4G. DIRECTORS, STATeMEiir S. INDEPENDENT AUDITORS, REPORT 35 8. GROUP STATEMENT OF FINANCIAL ACTIVITIES 7. GROUP & PARENT BALANCE SHEET 42 8. GROUP CASHFLOW STATEMENT 43 9. NOTES TO THE ACCOUNTS

REPORT OF THE DIRECIORS FOR THE YEAR ENDED 31 DECEMBER 2021 I. LETTER FROM THE CEO & CHAIRMAN As we reflect on theyear. we are grateful forthe Lords loving hand of 8race in the midst of profound pra¢tl¢al and splrStual need ihrou8hout London. Today we See the e¢onomlc Impart of both the pandem1¢ and Blgbal conflic( hbttln8 those alreadv Struggllng the most. Thousand5 of people dlsplaced from their home5 are now Ilvlng In our city. People are 5ufferlng and wlthout hope. Whlle London Is ever changlng and we adapt our mlnlstries to meet those needs, people's need for ihe gospel remaln5 the same. In London, most of the communltles In 8reatest are a150 those dls¢onnected from thelr local church and unlikety to ever hear about the eternal loy they can freely recelve through repentance and falth In jesu5 Chr15t. By God'$ 8ra¢e, In the face of a famlne of thè word of God, The London Cllv MIs51on exists to see the118ht of the 805pel shlne Into the darkness of London. London need5 Je5U51 Wlth an estlmated 3 mllllon souls Ilvlng In London lèr8ety unaware of the message of eternal hope In Chr15L thls task Is too 8reat for a smo11 band of mlsslonaTle5, however committed and 8lfted. 50, we have been mlnlstry ¢onversatlons wlth artsund 5% of the evangelical church leaders In London, partlcularty those who are based In the most deprlved area5 where people are most In need of practlcal help and 8ospel hope. We walk alongslde local thurches, followlng In the footsteps of jesus In seekln8 to serve those In the m05t marglnallsed communltles vtho are the least Ilkely to have a Chrlstlan frlend to share thelr falth and Invlte them to ¢hur¢h. As i resu￿ rnanv partnershlps ire foTmln8 and we trust In the promlse of Chrlst to'bulld hls church, and seek to seThe HIM In that ¢Jllln8. You'll read about many accounts of God's Brace In thls report; tht man who Is homeless wantlng to be baptlsed, conversations about the weather turning to dlscussions of Jesus, a former addlct lolnln8 a church famlty, musllm5 hearlnB that none of us can be 8ood enou8h for God, refv8ee children hearln8 that jesus looks lor the losL for from home. Please conUnue to stand wlth us In prayer and 81ve, as we reach out to people In thls great clty. For us, It has been a year of dlllgently rebullding many of our teams followin8 a restruciure In 2020, and a yearof layln8 the foundations of our strategy to Increasln6ly work closety wlth the local church In London. In some ways there Is perhaps less to say about th15 year than others but the work that has been done will be the bedrock of our future Impact, as Initial dats from our flrst church pbrtnershlps encouraglngly shows. The key appolntments of Rev Drjason Roach as our Dlrector of Mlnlstries, and tsrl Kni8htty a5 our Dlrector ot Church Networks, are vltal In provkllng the le8dershlp we need to brlng our strategy to Ilfe. By God'$ 8rate we are perseverin8 well, not because of our great strength, bul because we have a great hope Sn Chri5tJe5us. Our heartfelt thanks go to every person who play5 a part, however bl8 or Small, in sharlng that hope with the m05t mar8lnallsed communllies of London. Yours In Him, GRAHAM D MILLEK CHIEF EXECLrnVE 24 October 2022 MARK D HARDING, CHAIRMAN OF THE BOARD OF TRUSTEES 24 ouober 2022

REPORT OF THF. DIRECIORS FOR THE YEAR ENDED 31 DECEMeER 2021 Z. STRATEGIC REPOR T ZA. PURPOSE & IMPACT The London City Mlsslon ILCMI has a vlslon to see jesus Chrlst known In every Community In London. However, one In thrèe people In London are UnlIke￿ to have a Chrlstlan frlend. Ourln8 thelr Ilfetlme, they are unllkely to be Irwlted to church or to hèar the best news ever- the lrfe-8lvlr8 8ospel of Jesus. Thls15 a tra8edy. What Is even more heart breakln815 that many of these people I￿e In the most deprlved areas of London or are marglna115ed In some way. Jesus rejected the cultural norms of HIS tlme to embrace people society had pushed to the mar8lns, and ihrou8h HIS mlnlstry. Gods heart for tlwse In need Is dlsplayed for all to see. So, we want to reach w•ryon• In communltles least Ilkely to hearthe Bospel. Everyone I￿hn￿on estates, every older person, everyone from other rell6lou5 ba¢k8rounds, everyone whols homekss and on the marglns ofsoclety, and every youno person. At LCM, we partner w￿h churches who share ? vlslon to see w•ryon• In London personally In¥lt•d to follow Jesus Chrlst. God calls us all to share the hope of Chrlst. Ifs a blg but It can be donel So, we are equlppln8 ILKal churches to step out In la￿h, bulld conne¢tltsns wlth the communltles around them and lovlngly $hare the amazln8 new5 of the 8ra¢e found In Jesus Chrlst. B•e•ug• London n••ds J•MMI work0￿ as a catatyst alon851de the Church, together, by Gods grace, our vlslon is to bulld up more people In evan8ellstl¢ 0￿re0ch, so that many more people and communltle5 wlthout a Chrt5tlan wltness In London can hearthe Ilfe-8lvln8 8ood news of Jesus Chrlst. This kind of urban mlnlstry Involve5 working In partnershlp wlth thurches to follow Chrlsys example In developin8 respectful and carlng relatlonshlp5 wlth people from all klnd5 of backgrounds. as 8ood news, hope, and practical love 15 9h¥rèd. Many ol those people we come alongslde may struggle wlth e¢onoml¢, relatlonal, physkal, soclal, family or personal troubles. Durin8 ihe tsll end of the pandemlc of 2021, LCM ¢ontinued to persevere in a challenBinB hybrid environrnent, wlth somè parts of society openln8 up and other5 still flrmly d05ed and churche5 everywheregrapplin6 wlth thls new thallenge. For us, this also colnclded with o new way of partnerlng with churches.

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 Our heart is to See God releasing the potential of local ¢hurche$ to share the gospel wlth those around them, particularty thosè on thè mar8ins- and to see churches, wherever they are, 8row and flourtsh as a result. In the area5 of london least reached by tht gospel, otsr misslonarles work closety with local ¢hurthts, equlpplng them to bulld brld8es Into communbtles, share the 805pel and wel¢ome new belle¥ers Into the church famllv. In 2021 our missionaries ¢ame alongslde 271 churches in 2021 which are located In our prlorlty areas. These churches represent approximatety 5% ¢f the evangellcal church In London. We build relatlonships, understand thé visitsn of the thurch foroutreach, and explore how LCM can provlde the tools to help them realise it. Prayer is always foundatitsnal to our relatlonships and prayln8 wlth a church for the losl In their local area Is the startln8 place for any outreath. Of these, 53 churches began actlvety d15ternln8 how LCM could partner wlth them; thls could Involve outreach pilots to begln to share the good news of jesu5 wlth local ¢ommunltles In new ways. dlscu5sing proposals for how exlstln8 mlnlstrles (such aslood banks, youth 8roups or5enlors club51 could bE enrlchEd wlth a deeper gospel locus, or how the church as a whole Could be encoura8ed Into Intentlonalty bulldin8 brid8e5 Into communitie5 where Jesus Chrlst Isn't yet known. Of these, to date, 9 churches have foimed new partnershlps wSth LCM, resuitln8 In more everydav Chrlstlans taklng part In actlvltle5 to See the powerful mess•8e of the gospel reach those communltles where people are unllkely to have a Chrlstlan frlend. We are exclted to see churches grow Into evan8ellsm and many Chrlstlans Increase thtlr confldence In slepplng out to bulld trustln8 relatlonshlps where they can share wlth others of God's8race In Jesus. We are dellghted to have 4 minlstries that we are currentty handlng ovef to be contlnued by k*cal Churches. LCM has a long history of stsrtlng and handln8 over Innovatlve mlnlstrles that see the hope of Chrfst continue to be shared wlth those othenvlse unllkely to hear. Wt remaln mlndlul that for those who have poured their Ilve5 Into e5tablishin8 a mlnlstry, It can be a wrench to let 80. Flowever palnful, we are dèli8hted that God uses vs Ilke thls; ploneerlng new ministries can be dauntln8 task that takes more experfence and re50urcès than stepplng Into a model whlch is set up and fiourlshln8. Thls then enables us to use the Ilmlted resources wt have to Innovate new mlnlstry elsewhere. In 2021 around 1.5 mllllon people vlewed some of our Idea-8eneratln8 content at varyln8 levels. Thb5 would Include v1511or5 to our webslte. people vlewing content on 50clal ffledia, hearln8 LCM speakers at conference5 and churches, readln8artlcles written by LCM staff In the Chrlstian medla a5 well as those who have recelved prlnted resources or attended our tralnln8 cour5t5. At every step we seek to connecL Insplre and en¢oura8e people, bellevers or Mt. wlth the lrfe4hanBlnB truth about Jesus Christ.

REPORT OF THE DIREcfoRS FOR THE YEAR ENDED 31 DECEMBEII 2021 2B. SThATEGIC FOCUS Th• London Clty Mlssbon ILCMI has a dual strategy to help reach the one In three people In London communltles who are unlikely to hear the good nèws of Jesus Chrfst. Missionaries model relatlonal evange115m, workino alongslde ordlnary ChrIS￿an5 from London'5 thurthès, to resource them for mlsslon. lo complementthb5, LCM shares more aboutthese modelsof mlnistry more WKlety, to Insplre and encouro8e the wlder church to develop a culture of kntentlonal outreach to th￿ communltles unllkely to othe￿Ise hear the good new5 of Jesus Chr15t. LCW$ mlnlstry strlttyy Is Iocu5ed on three eort •sp¢¢ts: Sharfng the gospel oljesus Christ Workln8 amtsn8St people and communltles In London unllkefy to othemlse hear the gotxl nèws of Jesus Chrlst And dolng thb5 In partner5hlp wlth local thurches GOSPEL CMURC We a150 acknvwled8e that as experienced and glfted urban evhn6e115ts, we have a role to play In servln8 the wlder church out51de the 5peclflc d15td¢t areas where our mlsslonarles Ilve, work and worship. By ewglng In thpught leadershlp and wSdely sharln8 rnodels of mlsslon that connert well wlth certaln groups, we can encoura8e the evanBeli￿1 church to develop a culture of Intentlonal 80spel outreach beyond the frlends and famity of the current thurch member5.

REPOR T OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 Thought Leadershlp objectives STrENGTHEN RELATIONSHIPS iEADEkSHIP AJD MOBIUSATIDN INCRWE AWARENESS LCM sttks to d•ll¥•r Its strateey bv: Identlfylng partScular 8eo8rèphi¢ dlstrl¢ts, andlor partlcular people 8TOUPS, where the gospel Is unllkèly to be shared Employln8 and trainin8 Chrlstlan evange115ts wlth approprlate glfts In urban mlsslon and thurch mobilisation, and placln8 them into those areas wlth the Intentlon of reachlng certaln people 8roups Bullding moblllslng relatloftshlps wlth the local church to share the Bospel wlth the least reached people In thelr communlty, evan8e115in8 alongsSde members of the church - this ml8ht Involve LCM staff worklng alongslde the church in prayer, research Into the local area, planning and evaluatlon ol outreach efforts. bulldlnB up the con8Te8ation for m15slon and dolnB evar6ellstlc a¢tlvltles together Taklng every opportunity to bulld bfldges Into local communllles. Growlng mutual undersiandln& provldlng an envlronment to compasslonately share the Chrlstlan messa8e of salvatlon through Jtsus Christ Encoura8ln8 and asslstln8 thosè who respond p051tlvely to thls message to become actNe dls¢lples, members ol the CaTln8 church famlly of Jesus Chrlst Sharlng our experlence and Insl8ht5 Wlth ihe wlder thurch In an accessible w￿, to in5plre and encourage other5 in thelr evangellsm and provide replltable models of mlnlstry to build up the Church -so Chrfsl hlm5elf gave the apostles, the prophets, the evangèllsts. the pastors and teachers, to equlp hls people for works of service, so that the body of ChrSst may be built up until we all reach unlty in the faith and in the knowledge of the Son of God and become mature, attalnln8 to the whole measure of the fullness of Christ." Epheslans 4.. 11-13

REPORT OF TH E DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 2C. WHAT MAThERS TO US London needs Jesusl The mlnlstry of The London City Mission 15 t05hare the8t)od news of Jesus Christ wlth those in London unlikely to otherwise hèar. Wè do thls by working alongside the Church in London, helping thurches bvild brld8es Into communitie5 in their lotal area whÈre Jesus Christ isn't wldely known. We belleve that our witne5S 15 compromlsed if we are not followlng Christ in the way we work and relate to others. LCM has a Set of values whkh shape the way we work and relate to each other, to the Church and to the people and ¢ommunltles we enBa8e wlth. Our values are.. Root•d In Chrfst We are prayerfulty dedltited to doln8 God's wlll and Ilvlng HIS way, accordln8 to HIS word. Chrlst-Ilk• lov•- We look not to our own Interests but to ihe Interests of others because we are unlted a5 brothers and slsters In Ch(￿t. Go&BlorlfylnB •xc•ll•nce- We pursue the best that we Can be lo glorlfy God and se￿e eath other In all we do. Splrlt4nsplrqd courny and p•Ys•¥•rnnt•- We stsnd finni push through, and pay the prlce for the sake of Chrlsl and the gospel. 2D. KEY EVENTS IN 2021 The tt+ronavlTus pandemlc has afle¢ted us all, many wlll ne￿ be the same a8aln. A5 the economlc Impart of the pandemlc hlts In the aftermath, IVS those PEople In lower pald lobs, wlth less lob securfty. who 8Te Impacted the hardest. These people are a150 often from communltle5 In London where jesu5 Chrlst Is not known. A5 the lockdown unfolded, The London Clty Mlsslon ¢ontlnued to work wlth churches to share the hope that is found In jesus Chrlst wlth those least Ilkely to hear it. Our octlvitles adapted and changed again a5 parts of 50clety opened up, but the des1￿ and urBency to share the 8ospel remained as steadfast as ever. Church 5peakln8 en8a8ements contlnued vla Zoom and In person, enèblln8 mlsslonades to connect wlth our supporter base, a V￿al source of praytr and encouragement for mlnlstry. The new hybrld environment, wilh many seryl¢es belng both onllne and In person, was challen8ln8 for chur¢hts and the number ot speaklng engagement5 In 2021 reduced as 3 result. We were also aware wbth Sadness that some of the smaller long lem) supporter churches have not survlved the pandeml¢. We ¢ontlnue to trust In God's promlse to build his church. "I will bulld my churth. and the gates ol Hades will not overcome it., Matthew 16'.18b INIVI As misslonaries worked even more doselywlth the church in London, thry were able to support more churches to pray and share the 805pel in word and deed with the people in their communltie5 who were unliketyto otherwise hear It, at a tlme when the demands on manythurch lèaders had drastlcally Increased with the reallties of the pandemlc.

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 310ECEMBER 2021 Where government guldeline5 allowed, in-pefson activities took place with soclal dlstancln& PPE and risk assessments makir6 all our lives morè tomplicated but keeping vital gospel ministry livin8 at a tlme when people desperatety needed hope. Thanks to our falthful supporters, we did, and continue to do, all we tan to serve practically and 5plrftually at thbs tlme. If there was ever a tlme when London needs Jesu5,1¥s now. Mln15try r•vie •nd str•i•irf In ear￿ 2019, the Board of Trustees (Trustees) of LCM approved a new five-year strategy. Pralse God far thè 21,￿0 pèople who heard the gospel, often for the flrst tlme frorn an LCM Mlsslonary In the prevlous five years, alon6 wlth the many who responded by God's grace. However, that left one In three people In London unllkely to have anyone to tell them the Bood news- 3 totsl 013 mllllon peoplel In London, that mean5 we estimate one person every 30 mlnutes polentlally passes Into eternlty wlthout ever hearlng about Ihe hope found In Jesus Chrlst- we ur8ently need to do much more to raise up more Workers lor the horyest. 'The harvest is plentiful but the WOTker5 are few. Ask the Lord DI the harvest. therefore, to send out workers Into His harvest.- Matthew 9'.37b-38 There are thousand5 of evan8elkal churches rt8ht across London, and hundreds of thousands of Blblfr bellevlng Chilstlans. Wrth the rl8ht motfvatlon, tralnlng and supporL many of them can effedlvelv share the gospel wlth the least reached people of London. Followln8 a year-lonB mlnlsiry revlew. we made sl8nlflcant change5 In 2020, both to the role of our mlsslonarles and to the way we work wlth churche5. For example, mlsslonarles who were worklng wlthin one church have shlfted thelr focus to work wlth a range of churches In thelr area. LCM reco8nlses that these changes. whllst a posltbve step for seelng more people In London reathed wlth the gospel, could be dlfflcult for some individual mlslonarles who may not feel called to church moblllsatlon work. The Mlsslon Is grateful for the 8ra¢e and perseverance shown by mlsslon staff throu8h thi5 Ilffle. LCM is olways commltted to supportlnB the callln8 of God on any misslonary's Ilfe and provlded a redundancy packa8e for those who dldn'l feel ¢alled to 80 forward wlth the chan6es. A numberof mls5k>narlp5 took the opportunlty of voluntary fedundancyto pursue mlnlstry elsewhere, the oVe￿helmIng malorlty leavln8 as ffirm frlend5 of the Mission. LCM has been recrult4ng new Ml551onarles and Team Leaders slnce the start of 2021. We thank God that 26 8lfted and experlenced gospel workers Jolned us In 2021 wlth recruitment of several more Unde￿ay. Please pray for them as they seek to ralse the prayer and financlal support needed to enable flourishing ministries amongst people least liketyto have heard olthe Ilfe-chan8in8 truth about Jesus Christ. We are Still not back up to the pre-pandemlc mlnlstry stsffing levels and we are recruiti fourfewer mlsslonarles than planned in 2022 due to concerns aboutthèwider otonomlc envlronment and the undertyin8 growth in donation5. Every person who partners wlth us in gospel minlstry help5 kep gifted. Called and trained evan8e115ts workin8 in Some of London's rnost deprived communltles. By God's Brace, we've always adapted to London's chan8in8 landscapè thrO￿h history. and we have done 50 aBaln now. We will always be commltted to sharlng the gospel, workln8 In partnership with

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 churches and 8oin8 to the least the last and the lost. We remain committed to our ¢all to glorlfy God nd by Hi5 8reat mert¥, to see the Sa￿ation of many in London. 2E. MISSIONAL AcfiviTIES 'Ltt the glory of God and the salvation of souls be your chlef, your only alm,. were the words of Oavld Nasmlth, who founded The Lcndon Clty Mlsslon ILCMI In 1835. Thls continues as our heartbeat as we constantly adapt to London's ever-changlng landscape. Sendlni nslonarfs We send out mlssionarles, called, grfted and tralned In urban misslon, to work alongside London's churches to share ihe 8ospel wlth those communltles where Jesus Chr15t1s not wldely known. The bnÉ-term outcome of our mln15try results In Increased dlverslty of the evangèllcal Church In London, with 8reater Tepre5entatlon Irom more VK communlties elther as members of churches, or In relatlonshlp wlth churches throu6h community activities thal the church has proactbvety developed to build brid8es Into nearby commvnltles. Thls Increased representatlon both stren8thens the volce of the Church as she speaks to issue5 In wlder soclety, and helps the Church grow in under51andln8 and love for our nel8hbvur re8ardlss of age, soclo-economic status, rell8lon, ethnlclty or country of orl81n. Durln8 2021, LCM appolnted a new Dlreclor of Minbstrles to lead the team In achlevlng thi5 task and contlnued to work alongslde local thurches to mlnlster In some of the most splrltually and economlcally deprlved areas of Lcndon. Wlthln these ¢ommunltles, we seek to Serve the Church In reachln8 out to people who are least Ilkely to have è Chrlstlan frlend who can tell them about Je5US. Partn•fshlp In Mlsslon At LCM. our heart Is to see God releasln8 the potentlal of local churche5 to share the gospel wlth those around them, partlcularly with people on the maTglns- and io see ¢hurthes grow and flourlsh a$ a result. And we love comln8 alon8side Churches, Wher￿eT they are, to help make thls a reallty In number of ways- We partner wlth Churches In the areas of London where people are least Ilkely to have heard the Ilfe changlng truth èbout jesus- •mon8St ¢c+mmunltles from other rellglons, In the city's houslng estates, Wrth young people and those on the margins of soclety. It's In these areas, least reached by the 8ospel, that OUT mlssionarles are embedded. They work closely wlth local churche5, equipplng church members to bulld brld8es Into communltles. share the 805pel and welcome new bellevers Into the thurch famllv. We serve churches across the city and beyond, understandlng thek vision ft>T local misslon, and provldlng the tools tc help them achleve It. We help churches to understsnd thelr local area, the need5 of the people, and glve tralnln8 on re3chlTh8 them effectively forthe gospel. We love 011 evange15cal churches, wherever they are, to join us In partnershlp for the gospel In London- making outreach possible. gtvlng mlsslonaTles prayer and financlal support, and re8ulady hearing batk flrst.hand the impact their 5UPPOrt15 having, along wlth belng encouraged and inspired into outreach them51ves.

REPORT OFTHE DIRECTORS FOR THE YEAR ENDED 310ECEMBER 2021 At the heart of our long-term relatlonshlps wth all thurches are actlve Church Reps- who we equlp with brilliant evangellstic resources, inspirin8 stories, training opportunities and updates on what God 15 doin8 in London, to share wllh the restof the church. Diaspora Churches Chur¢hes whose members have a shared herltaBe or orl8ln from elsewhere in the 8lobe are a great bless1￿ to London today. We partner wlth many evangèlltal dlaspora churches, resourcln8 them to share the gospel wlth the people yet to hear the gospel In theSf local area. Thi5 could Involve supportlng them to start church servlces In dlfferent languages, ¢onnectln8 them wlth other local thurche5 from other ¢ultural ba¢kgrounds to do mlsslon tO8ether, or tralnlng cl￿rCh membets on Cross cultural outreach min15try. At the heart of our church partnerships Is a deslre to See God's church bullt up to be a people who reach out to share the 8ood news of Jesus Chrlst wllh those yet to hear. provldlng a w8m welcome and a place of bebnglng for those who, by God'5 8race, respond. 'From Him the whole body, jolned and held together by every 5UPPOrtln8 Ilgarnent, grows and builds itself up In love. as each part does Its wor." Ephesians 4..16 NIV Pllot data from 50n of ourchurch partners Is an encouraglng Indlcatlon that thls Is an effectlve approach. We have a lot more that we need to evaluate but this Is an upllftln8 Start. Because of workln8 dlrectly wlth a mi5s1onary from LCM, on average, an engaged member of the local church saw. +40Y6 Incr•4M In eonfld•no In Intentlonalty building frlendshlps where they can share thelr falth with people from communitles who are UnlIke￿ to have heard the gospel 4 n•w frl•ndshlps de¥dop•d, and almost all of those frlendshlps wlth people who don't have any other Chrlstlan frlend5 to share thelr falth with them 3￿ IncreJ5e In COAfidén¢e In sharfing the good news ofjesus wlth people who are slmllar to them 12 extra conv•natloM about Jesus every year Two thlrds ot p•opl• sald thgygot to know mor• p•opl• In th•lr IDc•I •r••. Two thlrds ol pgoplg a150 hwd mofe comirsatlons ab￿1 J*su$ "It's not as hard as I thou8ht sharlng my falth woukl be, and11 Is getting tasler.. Syllvia. church member workin8 wlth LCM. 5peclallsms Whllst partnerlng wlth local churthes primarity around thelr vlslon to take the 8ospel to those yet to hear the good news, LCM has Identlfled broad areas of speclallsm wlthln communlties whert people are unllkely to know a Chrlstlan who can Share their tsith. en¢oura8e them to read the Blble or Invlte them to ¢hur¢h.

REPORT OFTHE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 We focus on.. Childrtn. youth and schools Houslng estates and senior5 Homeless and marglnalised Islam and other reli8lon5 Diaspora tommunltbes Je5115 warmly welcome5 chlldren 35 Part of the klngdom of heaven. As belbevers, we hold a resptsn51blllty to pass on our falth to the next8eneratlon. In London today, we estlmate lust one In twenty chlldren 80 to churth, and around half don't even have a Chr15tlan frlend to invite them- whether thavs to Sunday school or another church activltv. And yet chlldren are Incredlbly open to talklnR about Jesus Chrlst and explorln8 who he Is. LCM are working alongslde ¢hurches to reach out to children and young people disconnected from church- en8a8ln8 teenagers on knlfe ¢rkne and God's forglveness, going Into cla5sroorns and sharlng what It means to be a Chrlstlan, and finding ways to bulld connectlon5 wilh youn8 people where the good news of Jesu5 can be shared with them and thelr famllles We love supptsrtln8 local ¢hur¢hes to becomè places where young people from diverse back8rounds can belon& flourlsh and grow In Chrlst. So often these connectlons wlth chlldren and teens lead to opportunltles to share the gospel wlth thelr wlder famlly. We are so exclted by the polentlal of the church to Invlte London's thlldren and voung people to followjesusl io

REPORT OFTHE" DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 "start chlldren off on the woy they shouldgo. and even when theyure old they will not turnArom It."Proverbs 12..6 LCM missionary, Chadie Madonald has been helplng to lead the Famity Activity Club, hosted at a hostel wherè some familles are staying who have been displactd from their homes etsewhere in the world. The Children love the ¢rafts adI￿tIes, play.do￿h Is especlally popular. Then we 8et tO8èther and reiell a story from the 8lble- the lost sheep In the firs1 week. followed by the lost coln and then the lost 50n. Being lost and lar from home are themes that the chlldren can really relaté to." "Betsveen them, the Chlldren speak slx dlfferent languages, so we make It as Interaciive as posslble. They love to participate-they're always able to recount the storles from the prevli>us week5." * know that the chlldren and thelrfamllles could move on at any tlme, but Ivs about 8lvlng them an Idea of who jesus Is. You have to trust that you're worklng alongslde the HO￿ Splrlt, and that you're plaWn8 a part In that person's lourney." LCM has been helplng churches to connect wlth famlll& In the hostels. Chartle says,"li's been so encouraglng to support church volunteers to form Irlendshlps that grow wbthout our dlrect Invofvement. Please pray thls w0￿d contlnuel" Housln èstates Itsus's first dlstlples were mostly everyday people. A5 Chrfstlans we know that economlc statu5 makes no dlfference to our Identlty In Christ. Nearly a quarter of household5 In London are so¢lal housin8- meaning mosl of the Cap￿al.$ churches have an estate dose by. London's houslng estates are a meltin8 Pot of people from dillerent wafAs of Ilfe and natlonalltles. People from a tradllional whlte working.class background represent aiound half of residents- communltles that have lar8ely Stopped attendlng church. We come along51de churches to get to know resldents, Ihelr needs and thelr a5plratk)ns. We meet people by vlsltln8 them In thelr home5, through Shared meals, throu8h parents and tols, clubs and foodbanks. The gospel is incredlbty good new5 for all kinds of people and we pralse God that He15 chan8ln8 the lives of people on estates acTOSS London. So many churches •re Iwt around the corner from an estate which is waitin8 to hear the Ilf&8lvlng hope of Jesusl li

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 "becouse we loved you so muc17. we weredelighted to shore wlth you notonly the gospelof God but our Ilves os well."1 fhe5S171oniun5 2..8 LCM is partnèrin8 wlth mole and more churches across the city. At the heart of these partnerships Is a desire to see ordinary Christians thrivinB in their 8ospel-wltnesS to others in their community. Forestdale In Croydon was developed in the early 19701, homes for thousands of people were built, but no churchl Since then a cornrnunity has estatlished and grown up without a public and vlslble Chrlstlan wltnes5. LCM Mlsslonarles Slmon Knlghtly and Patrlck Kan81 have been helpln8 pastor Joseph Bedlako and members of the newty planted Foresidale Church to plan how they can make connectlons wlth Ihe local communlty. Slmon and Patrlck have been tralnln8 church mem￿ts In maklngthese connections and how to start cvnversations aboutjesus and have been accompanylng them Into Forestdale to meet resldents. Maria. a member of the church says .1 went out wlth Simon one afternoon- I leamt so much. Then I started to 80 Out re8ularty wilh ihe ieam from church-going Into the nel8hbourhood, méetln8 people on thelr doorsteps. It's about findln8 natural opportunltles to talk about Jesus- listening well ond a5kln8 que5tloDs." "I had often notked one partl¢ular lady. We struck up a conversation and exthanBed numbers and we've been meetin8 up every fortnight. Ivs 8one from tslkln8 about the wealher, to praylng tO8ether, talkln8 about Jèsus." Yhls mlnlstry Is upllftlngl It's like someone fllllng you up." Pastor joseph descrlbes hls vlslon lor the area."We want to pknt Churches lrt places where the gospel Is not Immedlately acce551ble. There Is now a church In Forestdale, and we want everyone locally to know that goodness, peace and loy ha5 come to thelr doorsteps- Ilteraltyl" Seniors The 8lble has much to say Jbout the later years of Ilfe. As Chrbtlans. we are called to respect and honour those who are older than us- g￿V halr Is a 'crown of splendourf. Someone'5 later year5 are huBely signlficant-wlth great potential not onty for splrltual growth, bui also for 8lvlng and servln8 In unique ways In the church. But so often, people are increasln8ly neglected and lonely as they 8et older. Our mlsslonarles often meet men and women on London's estates who go days wlthout seeln8 another person. One woman descrlbed how she would look forward to phone calls from salespeople, because of the chance to talk to someone. Lonellness and Isolation, which has worsened through the pandemlc, also has wlder physlcal and mental healih Impacts. We come alongshje ¢hurches to meet okler people In thelr local area, to bulld frlend5hlps and to start gospel conversatlons whlch are 50 often fruitfull 12

REPORT OFTHE DIRECTORS FOR THEYEAR ENDED 31 DECEMBER 2021 We've seen Incredlble storles of people comlng lo fatth in Jesus in their later years of life and Jolnln8- and servln8- new famllles of bellevers. In London, the number of older people Is set to double by 2035. Our vtslon Is that thousands of these people will be Shown the love of Jesus and will be Invlted to follow Him and enjov an eternal future w￿h Hlml Yhey willAlourish.., and bearfrult In oldoge."Psolm 92.'13.14 Hom ss and mar Jesus sought out people on the edges of soclety, so often overlooked. Thank5 to the generoS￿V of those who partner wlth us In ihe gospel, The London City Mlsslon Is working alongside the local church, to reach people on the marglns of soclety, each wlth thelr own palnful story, wlth the Ilfe Blvln8 news of Jesus Christ. In London the number of rou8h Sleepers has rlsen dramatlcally over the past de￿de, with an avera8e age of death at Just 44 years old, wlth many from 5ulcldel Out of sl8ht. manv thousands of women are endurlng the horror of beln8 Involved or even enslav￿ In sex work2, and London'5 seven prlson5 are full to overflowlng. Accordlng to the Comblned Homelessness and Informatlon Network ICHAINI there were 8,329 people who slept rough In London during Aprll 2021 - March 2022 , whlch was decrease on the prevlou5 year but stlll almost 30% more than ten years a80. LCM cares for and loves people who are homeless, sharing the 8ospel In word and deed. As Chrlstlans, we have an amazlnB message of new lffe In Chr15t ta share. We work alongslde local churches to reach vulnerable people w￿h the Ilftrglvln8 news of Jesus Chrlst. In mlnistrle5 such as our Webber Street day centrei pr150n mlnlstry, and In vbsltln8 hostels, we offer practlcal help and genulne care, Cfeatlng envlronments where heallng and restoration of the whole person can take place. We equlp churches to develop and Brow carln8 mlnlstrles wfth people on the edges of soclety and relolce as people encounter the hope found In Jesus. http$.'Ilwww.ons.8ov.uklpe0plepopulJlionandcomni￿ityIbJrt￿¥deaihs￿rId￿arrl98e￿dezIhyJ￿J￿]￿fjn￿de¥lhs0Ikn iiiele3speopl¢in¢nglandandwales12D20r¢gisit#iions Z hiipsJlwww.gov.ukl$0vernmcnVpubli¢￿Ionsl2o2l-uk-￿nnU91.rep0rl￿0n￿M0dErn•SlaVery1202l￿Uk•annual- r¢￿rt￿n￿n[￿jtM-S1avCry-uc¢t8Sab[e-V¢rSi0n ' htyp5.Ildth IDnd0ii￿¥ 13

REPORT OFTHE OIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 "For I wos hungryondyou quve mefvdd, I was thlrsty ond you qt7ve medrlnt I wus U 5tran#er ond you welcomed me"IMotthew 25',35} This year we celebrate 60 years of caring for some of ihe most vulnernble and overlooked people in London al the Webber Street day centre in Waterloo, helpin8 to restore people lo susiainable living, to community and to hope in Christ. "For 60 years we have been here lo show people who are in desperate situations that there is hop¢," says Webber Streettegrn leader Daniel Coghill."When they're no longer in touch with any family. friends, no i)ne else is helping them. we're the ones thai are still th¢r¢ for them. However, bad things have gol. however difficult times are, there's Always hope. Th￿'S really ihe message that our team share with 8nyone who walks through our doors every day. Ther¢ is a guy who's been comin8 in for a few years now who has a very difficult background of living on the stre￿. We have to be potienl and don't expect instant results. And although Gi)d can do this, we don'i necessarily expect for the staff to explain the gospel and irk a miraculous moiy)ent lun) his life around. Inst¢ad. over a long period of time, quite a lot of people are around him. gently supporting him. He's been through the pandemic with us. During the lockdowns we w¢r¢ having great conversations on the streel in which he Started asking serious questions abo￿ faith. Since then, h¢ has been oli a slow joun)ey towards Jegus. Now he's growing in his faith and developing a faiih of his own. He's going to the church where one of the tearn members is involved and is talking aboul wanting to g¢t baptised." Islam ènd other reli There are around 2.3 mllllon follower5 of other rell8lons In London-that's one In four Londoners, and over half are Musllms. We long to See more churches In London tllled wlth people from otherfalth backgrounds. The Lord ca115 U5 to be a wltness to all natlons: followln8 In the foot5tep5 of Jesus, reachln8 all people forthe kln8dorn. Thank5 to the generoslty of 5UPPOrters, London Clty Mlsslon Is WOTkln8 alon8slde local churches to reach out to followers of other feligions In every part of London; from the Bangladeshl communfty In Tower Hamlets, to the Turkish-speaking people In North London and the Hlndu community in Harrow. We work alongside local churches to reach out with truth, love and compasslon to followers of other oliglons In every part of London.

REPORT OF THE DIRECIOIIS FOR THE YEAR ENDED 31 DECEMBER 2021 We are seeing many from other falths turning to Christ- we give God the thanks and pralsel There ￿mainS an enormous opportunlty for churches In London to reach people from other falths, otherwise unlikely to hear the savin8 message of Jesus Chrlst. "l om the woyond the truth ond the IIAe. No one come5 to the F17ther except through me."Joh In the run-up to Easter. churches across London look up LCM'S encouragement to reach out to their Muslim neighlx)uts omd are discovering that il is easier ihan ihey ¢xpect¢d to invit¢ Muslims to 'Believe in Jesus,. In busy Watney mATket, among the Saturday shoppen and traders buying and Jelling Bangladeshi good5 and groceries, meJnbers of local Church￿ hand out bright yellow tracts and invite people to talk about Jesus for a few minules. Mtssionary Matt Brinkley has led much of the training for 'Believe in Jesus, in Tower Hamleis and is beginning to See a ¢hang¢ in the churches that are involved. 'When churches gel involved, it gives ih¢m an impetus to start owning outreach in their community, raiher than relying on other initiatives or campaigns," he says. "Now we want to support churches engaging r¢gularly on their own book tables." One local churcl) member, Liz. has just been talking to an inlarsted pgss¢r-by for half an hour about how none of us is good enough lo have a Telationship with God. In sending Jesus, when he died on the cross, he made that bridge from us to God, givin8 US the opportunity lo know God's forgiveness. She says, "All my life I have found it ditTiculi lo talk about God, but it's ￿come a lol more natural for me to lalk about my faith and not to be worried or to be ashamed. Now I can get to know people and be more genuine, sharing from My heart that what I believe in is real. I might not b¢ able lo ansiver every question. but in my heart, all I wanl to do is share the love of Je3u$." 14..6 Dlb5wa Communltles London Is one of the most Inlluentlal cltles In the world. Here you can find 83% of the world's nètions and over 250 languages are spoken. The world15 truly on our doorsteps. At London Cbty Mls$5on, we are insplred by God's vlslon for all trlbes and all natlon5 to WOTshlp the Lord Jesus Chrlst. So we Share jesus wlth dlaspora people and communltles, whose herltage or orlgln Is from elsewhere Sn the globe, where the gospel Isn't wldely known. Some have afffved In London for bus5ness, educatlon or employment opportunltles, others are displaced,. forced to leave thelr homes due to war. perse¢utlon or natural dlsasters. People have cwne to be in London in 50 many different ways. Thè blggest prlorfty for the Church15 to see everyone Invbted Into the Klngdom of God, and as people from diaspora u>mmunilies ¢ome to faith in Je5U5, the impact ripples throughout London. to the ends of the earth.

REPORT OFTHE OIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 We have the amazin8 OPPOrtuntty to do 8lobal mission alongside a Blobal Church in a global clty Ilke London. "Befvre me wus a gre(It multltude thot no one couldcoun¢ fmm every natlon, trlbe. people oftd lunguug¢..."Revelutlon 7.9 Missionary Marlene Botha destrlbes how LCM has been helping churches connect with hundreds of families who have been displaced from their homes and temporarily Ilvln8 In hoste15 in Tower Hamlets. Yhere are about 350 dlsplaced people livlng In one of the local hostels. We did art and craft wlth the klds to try and bulld relatlonshlps, get to know them. English Is a barrler, but love overcomes everythin8. You get to know thelr n3mes. You get to know where thelre from and you'velust bullt relatlonshlps. These people are so hun8ry for Je5U5. So I really, realty value workln8 Wrth these people who have suffered so much. The maln contractor for housing these lamllles also ha5 the contract for other hoste15 who together ser¥e 10,000 refu8ees over London. Very excltln8ly we have a memorandum of understandin& whlch means we're allowed to go to these hostels, and that's ab501utelv amazlng. You don't Bet these tspportunltles easlly. So we realty, really need to Invest and are talklng to churches about gettlng on board rlght nowl" Egulpplng workers for the harvest LCM serves and equips the Church Sn London and beyond to reach out Into their Communltles wlth the hope of Chr15t. Our experlence te115 U5 thai on ihe ground, outreach alongslde the local church Is the best way of brlnglng sustalned chan8e resultin8 effedlve gospel outreach Into Communitles where there are very few Chrlstlans. However, tralnlng courses are Incredibly useful, partlcularly for those who are already fully en8a8ed wlth the blbllcal mandat• to share the good news of Jesus. ou wlll be my wltne55es InJeru5¢71em. ond In Jlljudeu andsomurlo, ond to the ends olthe eorth."Acts 1..8 NIV So. we share our experlence and Inslght through our oTrthe.ground pTKtl￿I e4ulppln8 sesslons. tTalnln8 resour￿5 and course5 whlch are desi8ned to resource Chrlstlans for evangellstic outreach In an urban context. We provlde tralnln8 to ChristlaTh5 on urban m15slon, ranBln8 from a one-day ¢ourse In Practical Evan8eli5m to 5tudyln8 for a two-year fjraduate Diploma. The Pioneers Trainlng Pro8rarnme Our troining pro8rammes also provide èducation and training to young adults. The Pioneers Trainin6 Programme is a speciallsed programme for people who are Irom the communitie5 we are seeking to reach with the 8ood news of Jesu5. Pioneers may not have much formal education, may have enBli5h as a second lan8uage, have rbo access to funds, or may even have a criminal record and so tradititinal routes inlo ministry would not be accessible for them. 16

REPORT or THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 Thanks to the 8ener05ty of our partners. we can support arKI traln Ploneers to develop outreach ministrie5 in theirown churches. to help Share the 8ospel with others. At least 26 ministries have been ploneered across London sinte the start of the initiotive a few years ago. The programme comblnes ChTlStlan d15dpleshlp and classroom learning with practlcal experience, to offer • hollstlc education In urban mlni5try. The scheme alms to ralse up more pèople from mar8inahsed backBrounds to play a valuable ministry role In urban Churches and communitles across London and beyond, wherethey ore currently not well represented in minlstry leadership poslllons. "If you show special attention to the man wearlng fSne clothe5 and say,"Here's a good seat for you.. but Say to the poor man,"You stand there" or"Slt on the floor by my feet,, have you not dlscrimlnated among yourselves and ￿cOMe judges wlth ovll thou8ht52" James 2.,34 LCM Pioneef. Cra18 Webb was brought up In North West London In a non-rell8lou5 household. Cra18 says"At the age of 21,1 was Ilvlng a very chaotlc Ilfe, committed a crlme and was sent to prlson. I felt God speak to me durln8 a Sunday chapel servlce. extendln8 the offer of hls forylveness through Jesus." "l accepted the good news of the 805pel and be8an attendlng blble studles where I began to learn more about jesu5 and slowly ffly lifè thanged day by day. I rea115ed that thls news was 50 good, I couldn't keep thls to myself and on release from prlson, I felt called to misslon.. "I went on the London Clty Mlsslon websbte and applled for Ploneers. I have found It to be blessln8, an Invaluable source of strengthenlng." Cra18 Serves h15 church, Westmlnster Chapel, In a range of ways, worklng at thelr foodbank and wnnlng other outreach mln15trles. Cra18 was able to do I'.1 bible studle5 With a man recoverin8 from addlctlon who laterlolned the churth and was bapiised. Cralg says, It was an absolutely ama21ng blesslng beln8 able lo wltness that." Partnership In mlsslon We glve thanks for the many partner5hlps LCM hos wlth churches and Dr8anisatlons across the clty and beyond. Complementlng the relationship5 and partnershlps whlch our missionarie5 are developlng wilh a variety of churches across London. we contlnue to 8row bn our desSre to bulld networks wbth 8osppI organlsatlon5, as tO8ether we seek tts reach oul with the good news of le5US ch￿St. In th* last year we appolnted a new Dbrertor of Church Network5 to spear￿ad this actlylty and we also joined the Affinity Gospel Churches network, as well as contlnulng to support the natlonal Clty Misslon Movement. In London, followin6 the endinB of covid restrlctions, the 8roup of senior church leaders who make up Ihe LCM Mlnistry Aeference Panel met a8ain in per50n. The Ministry Reference Panel and the LCM leadershlp ha5 spent time explorlnB our vislon and hearing frorn the thurch leader5 about how the 17

REPORT OFTHE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 pandemic imparted their ministry. This remalns a key ftrum for LCM to Ilsten to the church in London as we Strive to senfè them effectlvelv. In all of th1sact1￿tywe contlnue to reco8niseGod's providence and 8race a5wèseekto equlp churches In Shar1￿ the gospel wlth people and ¢ommunltiès beast Ilkely to hear the good news of Jesu5. Tralnlng our staff In the autumn of 2020, LCM put a comprehensive trainlng programme In place to support m1$51onary fleld staff as they started thelr adapted role5 working alDng51de local thur¢hes. encouraglng and resouTcin8them to share the omazln8 news of Gods love shown In Jesu5 Christ, wlth those least Ilke to otherwlse hear the 8ood new5. This important two-year tralnln8 programme contlnued throughout 2021. 2F. PLANS FOR FUTURE YEARS- MINISTRY 2021 contlnued to be a tlme of global ¢hallen8e as the pandemlc contSnued to alter our experience of normal life. Thls has resulted In a new paradlgm for worl church and mlsslon. London's communltles and churches have all been impatted by loss, e¢onomlc uncertalnty and dlfficulty, and fewer petsple than ever are aware of the redeemln8 Work of Christ. For The London Clty Mlsslon ILCMI, thls challen8lng Season colnelded wlth the Implementatlon of a refreshed approach to mlnlstry to change the way we operate, by worklng alon8slde more churche5. Our prayer Is that by bein8 a catalyst to help churches Into outrèach, we can reach more of the three mlllion people In London who are otherwlse unllkety to hear of God's great safvatlDn plan. The mlsslonary fleld roles were rev15ed ènd the mlrtlstrles we were Involved In changed. In all of th15, LCM has been able to come alon8slde around 5% of London'5 evan8ellcal churches, prav with local leaders for thelr communlties and share God's heart for the lost In London. Mlsslonarles have been able to equip congregatlons, mlnisterln8 alon8slde them as they seek to respond to both the health and economlc cr15es ol the pandemlc, and reach out to the people who are least Ilkety to be reached wlth the gospel In thelr areas. And by Gorts grace. we have seen people come to faith In Jesu5 Chrlst. In 2021, LCM ccntlnued a lon8-term projeci to revlew Its processes, systems and structures of office- based teams to better support fleld staff In thelr role5, Improve the way we wor, and to better allgn the M15slon wlth our vlsion, goa15 and values. LCM intend5 to revlew It5 voluntary programmes of tralnlng young adults ICIty V151onl, providlng year- lon8 opportunlties for mission Icity Challen8el, and opportunltles for people experlenced In mlnlstry nd mission who want to help Brow and support gospel outreach in London, to sèrve for a perbod of 1-2 years (Urban Trackl. These pTo8rammes had been put on hijld for 2020121 due to the pandemic nd while field staff settled Into thelr new roles. y God's gra￿, we want to be able tQ share the Insi8hts. experlences and learnin8s we havt 8ained, and continue to 8aSn, over decades of mlnlstry in Ufban communltles where Jesus Chrlst15 not wldely known. So. we arelooklng forward to developlng our communication5 tts enable better sharing of resources, equipping the ¢hur¢h for outreach In London and beyond. We plan to do this by 5harln8 more cpntent 18

REPORT OF TH E DIRECTORS FOR THE YEAR ENDED 31 DÉCEMBER 2021 with the wider evan8elical church throu8h Christlan medla platforms and speaklng at more churches, events and conlerÈnt*s. Sharing biblical Insight. stories of hope and models of effective ministrv, Inspiring the Church to reach out to those lèast Ilkély to hear the good news of Jesu5. We hl8hly value collaboratlon wlth others In thè body of Chrlst and seek to share urban mi$5iological reseaTch wlth the Churth of London and beyond. 0￿r approach 15 alway5 to be working with and learning from practStioner5 In other organi5ations and ¢hur¢hès as we seek to Brow tO8ether. 2G. FINANCIAL SUSTAINABILITY The London Clty Mlsslon ILCMI carefvlly stewards the resowce5 God provldes through our partners In the Gospel. Our taT8et re5erve5 equate to 8 months of annual runnin8 costs. We have planned expendlture from Investments, mainly propertie5 no lon8er requlred to support the outreach mlnlstrles of LCM. to sustaln LCM mlnlstry at current levels. These inve5tmenls are Set aside In a Mlnlstry SustalnabSllty Fund. There are more people than ever In London who Ilve as part of communltles where Je5U5 Chrtst15 not known. The mlsslonary need Is Immense and LCM Income doesn't cover expenditure at present related malnly to the need to house rn1551vnarle5 embedded In the communltles In whlch they serwe. Our fundln8 request to those who can partner wlth us In the 8ospel, IS 5peclllcally for 5ponsor5hip tsl mlsslonarles who are able to wod( wlth local churches to See the Ilfe-chan8ln8 truth about Jesu$ Chrlst shared wlth those yet to hear. We currently have an underlyln8 annual Cash shortfall on thls fundlng of an avefage of £3m per year. Th15 ur8ently needs to be reduced as Income Irom the sales of property Investments de¢llne, to avoid feducin8 the overall number5 of artlve mls3ioDaries. Recrultment ol mlssionaries to replace those who have left or moved on Is already bein8 slowed as we work on sharin8 the 8re3t 8ospel need In London, as we walt to see underlying income Increase as Indlvlduals, churche5 and trusts respond to thls need. The LCM Board a8feed a revlsed flnanclal sustslnablllty oblertlve In january 2021 to cover the next 10 years. The M1551on Intend5 to., - "steadlty reduce Exc•ss Inv•stm•nts and the Annual Cash Shortl•ll to apprvxlrnatety Nll by the mld.2030's' Underlyln8 thisfinancial objedlve Isthe prlnclple of stewardlng God's prov151on ILCM'S assets) to keep gospel ministry sustalnable In the lon8 term. The 8eneroslty of supporters who provlde for gospel m15slon In so many way5- 81fts, 8rant5, fundraisin8 and legacles- Is Incredlbly Important to LCM and we are very grateful to everyone who partners wlth us In ihe gospel. Investment5 In prevlous years, M15s1on centre5 were bullt by LCM In areas where there wès not an evangellcal chur¢h. As ¢hur¢hes have sprung up across London, the mlsslon now holds a number of these centres that it no longer use5. As a result of this we are either responslbly dlsposlng of those properties commercialty or partnering wlth a church aligned with our vision and v&lues, whlth Is seeklng to 19

REPORT OFTHE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 develop Klngdom mlnlstry from within the space. Thi% is releasln8 funds that can be then used to support vltal gospel ministry initiative5. The propertle5 we no longer dlrertly use are generalty reco8nised as InV￿tment propertles in ovr accounts. Sleadlly d15posln8 of these pr¢perties means LCM can spend more than it receive5 in donated income, but only for a limiied tlme. Thls Is sustalnable only while we Invest In engaBlng wlth the wider evangellcal church In supportln8 mlsslon lo thtsse one In three people In London otherwise unllkely to hear the Bood news ol jesus durlng thelr lrfetime. Excess Investments are regarded to be the total of all Investments, Includlng propertle5 no longer needèd for mlnlstry, less the tarBet reseNe5 needed for the flnanclal stsbillty olthe Mission. LCM Intend5 to invest ihe5e funds in dired mlnlstryi leadSn8 to an annual cash shortfall, made up of an operatlng deficlt and the purchase of new mlnlstry asseis. The level of operating defiilt Is finalised throu6h the annual financkl plannln8 Cycle each year based on th15 lon8-tem plan. The lon8.term str*e8y wlll requlre an above Inflatlon growth In donatlons and legacles to reduce the cash shortfall. In the meantlme, the cash shortfall wlll befunded from the sale of propertles no longer requlred to support the outreach mlnlstrles of LCM. Thi5 will enable operatln8 costs to be malntalned at thelr current level, The partnershlp of prayer and givln8 from new and exlstln8 supporters Is increasln8ly vltal to the on8oln8 susI?Inablllty of our work In Shar1￿ ihe 8ospel wlth those In London yet to hear. The Trustees of LCM, through the Property & Flnante sub-commlttees, oversee the dlsposal of propertles and ensure the value and tlmln8 of these dlsposals, alon8 Wlth any financlal assumptlons are reasonable. LCM'S clear oblectlve Is to steward the resources provlded by God so that the 8ood news of le5115 can cOn￿nut to be shared In London for the loreseeable future. 2H. STRATEGICSUMMARY In concluslon, we pray that In the face of a famlne of the word of God, The LoNlon City Mlsslon can act as a catalyst for the church to rlse up, 50 more people than ever wlll hear of the savln8 messa8e of Jesus Chrlst. By Gods grace, we wlll continue to faithfulby and lovlngly take the Bood news out Into the ctsmmunltbe5 and homes of those people In London least Ilkely io he3r about Jesus Chrlst, and engage wlth even more churches acros5 the clty, buildln8 them up to share the gospel wlth thelr neiBhbours and those on the marglns. We wlll wldely share our expedence to Insplre and resource Ihe Church In London and beyond to speak effectively of the redeemlng work of Christ. Thank5 to our partners In the gospel, together, we wlll step out In falth alongslde ordlnary Chris￿3n$ to share the amazlng news of God's love shown in jesu5 Christ. By God's 8race. the 805pel will be effectlvely shared wlth even more people and many wlll Ilnd eternal Ilfe In Christ. Jesus said to t￿m, "Go Into all the world and preach the gospel to all creation. Whoever believe5 and Is baptlsed wlll be saved. but whoever doe5 not believe will be condemned." Mark 16.15-16 20

REPORTOFTHE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 3. OPERATIONAL REPORT JA. ENABLING MISSION Fundra151nB and Supporter P•rtMtshlps Sharlng our hope In Chr15t wbth the estimated one In three people In London least likely to hear the good news would not be possible without falthful gospel partners, who 6enerous￿ enable mis51on In London through thelr glvlng and prayers. We are hu8ely Bralelul for every supporter who partners wlth us and we pralse God and thank oursUPPOrters for the changed Ilves we are privileged to wltnes5 as a result. A5 ourstsff dlre¢tly engage In mlsslon, OUT SUPPOrters are a vltal part of the tearn alongslde us as they pray, glve and volunteer. and we deeply value every partnershlp we have. We are 6rateful for Gods provlsion through thè falthfvlness of those 8ospel partners, who stood wllh us durlng a difflcult season, to share the gospel with those In London yet to hear. Donatlon income in 2021 tDtalled £3.2m, an in¢rease of £0.7m from the year before, for which we 8ratefully thank our supporters and God lor hls prcvlslon. It 15 Worth mentionln8 that much of thls Increase was because of a one-off exceptlonal glft by a slngle generous Indlvldual whose klndne$5 mad a $18nlficant dlfference to The London Clty Mlsslon ILCMI In 2021. Thanks to the Incredlble falthfulness of those who partner wlth us In the Bospel, we were able to plan to recrult a small number of mlsslonarles to replace some of those m1551onaile5 who have elther retlred or moved on. There Is stlll an urgent re¢rultment need whlch we are Current￿ unable to meet nd we are 8rateful to everyone who partnerswlth usto shlne the Ilght of the gospel Inio the darkne5S of London. Through the great kindness of those speclal supporters who wanted to sh8re a message of eternal hope In Chrlst throuBh a gift In thelr wlll, our le8a¢y in¢0me was £2.2m lup from £1.2m In 20201. Income from 81ft5 In wills make5 a significant dlfference to the amount of gospel mission LCM is able to do and we relolce In the many people who, by God's 8ra¢e, join the famlly of God as a lastln8 le8aCV of such 8lfts. LCM staff work hard to connert 5UPPOrters wlth what God Is dolng In London today, and 2021 was a hybrld year wlth both In person and onllne Interactlons. We were 8rateful to have thè opportunlty to speak onllne and In person In hundreds of churches across the country, hold prayer meetln8s, attend conferences. glve Inslghts Into what wa5 happenln8 throu8h reports. vldeos and letters, host supportersto meel ourteaffl, organise a sponsored sleepout and create a numberof Èventsfor church leaders. We also enjoyed hostin8 speclal hybrld events such as ourThanks8lvln8 Servlce, whlch wa5 a 6reat enrouTa8ernent a5 several hundred people jolned us In person at All Souls. Langham Place. and over two thousand people onllne 8athered to pralse God togther. Communlullons In 2021. LCM contlnued to insplre and engage wlth our varlovs audiences, shafln8 the need lor th15 vital 8ospel mln15try wlth supporters and the wlder Church In London and beyond. WÈ dld thls by.. Building relationshlps wlth key Christian medla such as Evangellcals Now and Premler Christian Radio to secure content sharlng our best practice ènd insight into urban mission. Over the year we secured 20 pieces of covera8e, reachin8 over 10 mllllon onllne readers, 40k estlmated coverage views and 3.2 million estimated listeners. Thi5 is an encoura8ing start to a new area of audience enga8ement we're seekin8 to 8row and sustaln. 21

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 Continuing to produce a quarterlv rna8a￿ne, Chonging london, which highlights the need for mlnlstry and the impart that God is havlng In these spiritually deprivÈd communities. Publlshlng varlous prayer resource5, includin8 a quartèr￿ prayer dlary, Together, which enable5 SUPPOrters lo pray speciflcally for ourteam, contacts, churches and tommunltles. Hostin8 weekly online prayeT meetlngs, provldlng an opportunity for sUPPOrters to loln wlth missionarles to leam more about their ministry and pray for speclffic needs. Increa51n8 our followèrs and en8a6ement across all of our Social medla platforms by 12%, where we share opportunitles to 8et Involved, Ideas to Inspire churches for mlsslon, and resource5 to equip them. We saw an extra Iok people vb51t the webslte, and overall the proportlon of new vlsltors to the website 8rew from 35% to 70%. Reviewing LCM'S brandlng and messaglng across varlous mlnlstries to ensure It supports and reflects the organlsatlonal strate8Y. startlnB a new webslte project wlth the alm to Incrèase engagement of users on the webslle, by providln8 them wlth clear, relevant and en8a8ln8 content. 3B. OPERATING RESULT FOR THE YEAR Results for the yaar 12 2020 2021 Tota19.9 ID Total 9.2 Iniom• ienerJtW4 Total 7. PropewsJie408 prope￿,0,6 Total 5.8 Yhldw&L2 &6 l2 Full0￿￿0.2 32 Income Costs Incomo Costs The London Clty Mlsslon's donatlon and legaty Income Is supplementsd by Income from Investments (rents and dlvidends) of £l.Im l£1.2m In 20201. Thls Is expected to be steadlly replaced by the Browth in support from donors as excess investments are 5ts1d its fvnd mlnlstry. In 2020 thls Income was topped up wtth nearly £0.2m Irorn the govemment through the Coronavirus Job Retentoon Scheme during the lockdowns. with many Cafés staff on furlovgh. 22

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DÉCEMBER 2021 The accounts also include a £1.3m Eain I£0.8m in 20201 from resldentlal propertles being 501d to be replaced by other residential propertles In areas closer to LCM ministries. In line wrth a¢¢ounting standards, the 511TpIu5 from the saleof ministry propertles Is Immediately Tecognised a5 income, whllst the c05ts of replacement properties are recorded as capitsl expenditure. Thls capltal cost is r￿t reco8nlsed in the year It Is spent but is retoBnised. thro￿ depreciation, over the followin8 50 years. This results In a n¢tlonal tash surplus each tlme a ministry 15 relocated whlch we aren't able to spend Immedlatety but we need to keep the cash for pur¢haslng rèplacement resldentlal Pfopertles LCM'S Income was used ftr a range of mlnlstry activltle5, With expenditure totalllng £7.9m I£8.6m In 20201. Expendlture fell significantly from 2020, a5 manyrnls51onarles. who dldn't want to take up new roles ftXU5ed on mobllisln8 ¢hurches. left LCM In the second half of thatyear. Theymgved into a wlde range ol mlnlstfies, mostly wlth local con8re8allons and LCM was able to fund thls mlnistry transltlon, through extendin8 employment, redundancy payments and wovidlng short-term accommodatlon. Replacement Missionaries are steadily bein8 re¢rulted. and tralned, as people are called to joln the Mlsslon. Meanwhlle the cost of income 8eneration £0.6m (Same a$ 20201 Included both the fundrai51n8 SUPPOrter partner5hlps tèam and Investment mana8er5. Flnally, property ¢osts £0.6m 1£0.7m In 20201 Included managlng staff houslng, landlord responslbllltles and the costs of property dlsposal. LC￿5 property d15POsal pro8Tamme has contlnued. For exarnple, plannln8 permlssltsn was 8ranted for the development of the Battersea Brld8e slte and LCM recelved new, or updated, offers on other propertles In the pro8ramme. In addltlon. the last mi551onary left Nasmlth Court In mld-2022 and thereforethe sltels now classlfled a5 an investment propertyand has been revalued1£2.2ml to market value. The revaluation of propertbes provlded an unreallsed galn of £4.7m whllst the value of all Investments increased by £5.Im1£3.5rn In 20201. These galns are factored Into our flnanclal plannln8 round the steady reductSon of our operatln8 delicitto ensure the lon8-tmi sustalnabilltyof LCM and so aren't an unexpected wlndfall but rtpresent vltal funds needed to 5U5tain current and future mlnlstry. Smaller Investment propertv galns are expected as contracts are finallsed and plannin8 perm1551on 8ranted over the next few years In 2021, the Defined Benefit Penslon scheme reported an actuarlal10s5 01 £0.3m compared to a loss of £O.Im In 2020. All these factors comblned to prOd￿e a galn In the fvnds avallable durlnB the year of £3.4m, made up of an operatlng deficlt l£1.4ml and actuaflal loss I£0.3ml, ¢)ffset by property & Investment 8aln5 1£5.Iml. 3C. THE MISSION'S ASSETS Propertv (￿er many decades, through the Beneroslty of supporters, the Lord has provlded The London City Mlsslon ILCMI with propertles for use In servlNA the gospel. Some of these are used to house current and retlred mlssionarles, others are used a5 basesform15s1onal activity. some are venues forchurches, and some provlde a rental or investment Income whlch Is Invested in mlnlstry across London. Only one property was purchased in 2021 for a retired member of staff, whi15t four residential propertie5 and a centrè no longer dlrectly used for LCM mlnlstry were 501d. Meanwhile the sales of two centres were completed In january 2022. These receipts were used to fund min15try. 23

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 The Ministry Revlew Implementatlon wlll requlre the Sale of approximately 20 fesldentlal propertles which wlll be replaced with nearly 20 new propertiesto better p05Itlon our staff in the areas of London in which thry are strvlng. Thls Is a significant chan8e for LCM and may not be completed untll 2026. Retirèment houslng LCM continues to provlde retlrement houslng for those misslonarles who, by 2012, had achleved 20years' servke wlth the Mission. Whlle we no longer offer ihls to more recently employed mi5sionarles, the support ol current retlrees remalns an important functlon of our property team's workload. Christian Centre d15posals and devèlopment Meanwhlle, the sale of propertles no longer needed for mlnlstry and the sale of development Tl8ht5 contlnues. The plannln8 requirements mean nèw tentre space wlll be created at nearty half of these developments. The Mlsslon wlll either rent out to churches and other tenants or sell thls space. Th15 means they would be ¢onsldered Investments and valued appropriately In future ¥counts. Piopertles wlth no current strateglc value are bein8 sold, wlth the lund5 belrbg retalned to sustsln future mlnlstry, a vltal source of fundln8 Blven our current operatlng deflclt. As the needs of London change, so our mlnlstry needs to change over tlme, and our ownershlp of assets must reflect thls for u5 to be effectlve a5 an or8an15atlon.The dlsposal programme of propertle5 wlth no current 5trateglc value tommenced In 2021 and contSnues to pro8res5. By 5epternber 2022. seven propertles had been sold unconditlonally, two sold suble¢t to plannlng and elght were under offer suble¢t to Contract. Meanwhlle, the recently completed Hoxton House (the flats and tentre at Penn St, Hoxtonl and a further slx had reasonable offèrs. In addltlon, Nasmlth Court and two more centres, and are belng actlvely consldered for unconditlonal sale. In rètent and future agreements, where the construction of a new ¢etitre could be a strateglcgaln for the church In London, LCM hopes to fa¢llltate but not fund thls., LCM wlll ntst receSve any more resldentlal propertbes from developments. Instead, It will ensure that the Mlssl¢n benefits from Increases In Tesldentlal property values through ne8otlated development contrart terms as any proflts are vltal fundSng fcr ongoln8 mlnlstry. LCM15 commltted to real0s1￿ the value from dlsposals In the short-term, to 5U5tain mlssion purposès It) the medlum to lon8-temi. These recelpt5 are 3 result of God's provlslon over decades and wlll reasonably take several years to be converted Into Cash. The contlnued and 8rowlng flnanclal support from our exlstlng and new supporters wlll ensure that thè income from these property sale5 can cover the ¢ash shortfall of the Mlsslon Into the mlddle of the 2030's, but only If donated Income Increase5 at the same tlme. Fallure to conslstently Increase donated Income would Inevitably mean LCM scales back Its minlstry ambltlons. Wlth such a 8reat gospel need in London, thls Is a sltuatlon, wlth God's help, we are workln8 hard to avold. Penslon provlslon The Defined Benefit pension scheme closed to all new and exlsting employees In 2006. In 2021, LCM provlded funds of £0.3m to the scheme to meet lon8-term Ilabilitiès. There Is a potentlal cost of extin8ulshin8 the pension dètitlt and the Board has designated £2.5m1£3.5m in 20201 to Cover thls rlsk. This provi8lon Is Ilkely to reduce further in the future based on the latest estlmates from the scheme actuaries and quotations from the actuarles supportlng the buy-out. In June 2022, the charlty and penslon scheme Trustees lolntly appolnted Lane Clarke and Peacock to Idvlse on a bulk annuity purchase to cover the defined benefit pen51on 5rheme's liabilitles- known as a scheme buyllout. Once the Ilabllltles ère fully Insured then the Penslon Scheme Trustee5 will be 24

REPORT OF THE DIRECTORS FOR THEYEAR ENDED 31 DECEMBER 2021 able to wind-up the scheme. This is a protracted process whlth may be completed by early 2024 but 15 likely to take lon8er. No quotations hav* been received for a buy-out or purchase contracts entered into at thb5 time. Reserve5 poIi£v General reseNes * the end of 2021 were £8.2m al￿ there was no provlslon requlred for the penslon deficit Icompared to £8.3m before provlslon for the penslon deflclt of <£O.Im at the end 0120201. Under the T15k adjusted general reserve pollcy, the Board revlewed the iargèt In 2022 and due to the operatlonal dellcit, declded to Increase It by £1.5m to between £6m and £7m, whith represents around B months of operatlng u)sts. The Trustees reco8nlse that the general reserye remalns above target partly because current assets 1operatln8 Cash and legacy accrua151 were hi8her than nornial at the end of 2021. They expect to deslgnate additbonal funds for the Mlnlstry Sustainability Fund If thls perslsts. Investlng for sustainable mtnistry The value of LCM'5 Investment portfollo was £35.8m at the end of 2021, up from £32.Om In 2020. The vast majority of thls Is held in proyrtles whlch we no longer need for mlnlstry. The Board agreed to deslgnate £19.5rn of Investments Into a new Mln15try Sustalnablllty Fund In 2020, wlth a further £3.Om from the 2020 closln8 reserve and £l.Orn from the Penslon provlslon at the end of 2021. Followlng revlew of the 2021 flnantlal performance the Tru5tee5 were able to deslgnate the £3.5m of 2021's unreallsed Investment galn5 that Wa5 not requlred to fund mlnistry durln8 the year before releaslng £1.5m to lund ¢apbtal purchases and £1.5m to reco8n15e the In¢rea5e In the 8eneral reserves iarget. As a result, the designated Minlstry Sustalnablllty Fund has Increased tc £24lm at the end of 2021 and b5 expected to remain close to thls lor a few year5 befoie fallln8 Steadlty to approxlmately nll by the mid.2030's. To avold scallng back mlnlstry ambitions. theTrustees stlll antlclpate usin8 future Investment gabns to elther fund mln15try in the year they are recogn15ed or to desi8nate them to the Minlstry Su5tainablllty Fund. Debt pollcv The Trustees have author15ed the rai51ng of up to £IOm of debt to secure fundln8. It expects any debt to be pald back from planned property asset dlsP05als no later than the end of 2028. LCM has drawn down a £2m faclllty of operational debi secured agalnst 3 propertles. Addltional fa¢llltles are unllke to be sou8ht but the Mlsslon plans to use mort8aBe debi to purchase new resSdentlal properties and reduce the number that are rented In. Cash and Golng Concern LCM contlnues to hold enough Cash to cover month-to-month expense5 for the foreseeable future. From tlme to time, LCM can use funds held as equltles and has a debt lacllSty In place. At the end of 2021, LCM held £4.4m In liquid assets. Thè Trustees have taken a conservative view and now alm to hold liqubd reserves at least in Ilne wlth the general reserve larget before making sl8nificant property purchases. In 2022, LCM does not expect to extend its debi fatllity and wlll On￿ seek mortgage offers on new property purchèses. In addltoon, the sale5 of underused properties and development rlBht5 are 25

REPOR T OF THE DIRECTORS FOR THE YEAR ENDED 310ECEMBER 2021 expected to provide more than £7.5m in 2022, of whith £4.6m has already been received. Up to a further £6m could be received in 2022 if all contracts currently under ne8Otiation or exthanged are completed in Ilne with expertation5. In addition, the Mlsslon has recently put Nasmtth Court on the rnèrket wlth an a5kln8 prlce of over £6.75m. The cash generated from these disposals wlll be invested to purchase desperately needed new resldentlal propertles, so our staff can live in the arta thty are workln8 and provlde long-tem sustalnablllty for the mlsslon. Coronavlrus, war In Ukralne and the subsequent economlc shock wlll have an Impart on the UK and LCM. The most slgnlflcant Impact on cashflow was the delayto the legal piocesses whlch15 mlli8ated by the c105e monltoring of property sale & purchase transactions. The Impact of higher Inflatlon can be Comfortably mltlgated by adju5tin8the property programme In the medlum-term whllst LCM would remaln reliant on the 8eneroslty ol supporters In the long-temi. The Trustee5 confirm that. In thelr vlew, there are sulficient liquid assets within LCM for It to bè consldered a golng concern desplte the current economi¢ turbulence. 3D. COMPLIANCE Statement on FundTalsln8 The London Clty Mlsslon ILCMI greatly values the support It recelves In so many way5 from 50 monv dlffeient people and or8anlsatlons- we could not fulfil our oblectlve5 wlthout the flnanclal and prayer 5UPPQrt that we retelve from you each year. Supporters are vltal partners In thls mlnlstryi 50 we seek to be grateful, respecttul. and relatlonal In all our Interacllons. Durlng 2020 the fundralsln8 teaffl was Te5tructured, wlth the purpose of keeplng gospel minlstry lo the least reached 5UStalnoble by seekln8 to develop more 8ospel partnerships, 8rowln8 donat￿1n In¢ome by an addltlonal £lm from 2019 levels by 2024. Thls resulted In several new Toles whlch were all recrulted by mld.2021. wlth the new fundralslng strate6y now beSn8 Implemented. We prlorltlse thanklng donors a5 soon a5 P0551ble and seek to communlcate the Impact of don¥tions to supporters through our letters, magazlnes, e.newsletters, and bespoke publlcatlons. We bulld trust wlth 5UPPOrters by being honest and transparènt In our communlcatlon5. Indlvldva15 must opt In to Tecelve Communications from LCM unless they reasonably meet the crlterla of legitlmate Interest, where there Is clear evldence of their fe¢ent interest in our work. We provlde opportunltles for Individuals to opt out from any of our communlcatkjns In clear and easy ways. Our records show that we received four complaints about our fundraIsI￿ from supporters tsr members of the public In 2021. One complaint was re501ved without further actlon, another necessitated addltSonal team trainln& another was due to a temporary technlcal fault with our web51te whlch was escalated to our website provlder and resolved. The remainin8 Complaint was due to a fault In Our CRM reporting of anonymous 81ft5 and was escalated to our CRM provlderand we are stlll waitln8 for restslutlon have developed an Interim work around. We dld not use ¢ommerclalfundraiser5 In 2021- all our lundralslng was carrled out by LCM employees who sign up to our Statement Ol Faith and Conduct and seek to adhere to the Fundralsing Promlse. We occaslonally use the services of tTU5ted extemal Consultants who allgn wlth our chaiitable purposes arhd value5. LCM 15 re815tered with the FundraisSng Regulator and we pay the fvndiaisln8 levy. 26

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 statement on Data Protectlon LCM is commltted to ensurlng that all personal dats 15 kept safe and used In a way that Indlvidua15 are aware of and would rea50nabty expe¢1. We alm to be dear about how we use all personal data and to 81ve indfvlduals a cholce of what they would Ilke to receive from us. whlch channels they receive thi5 through and how often. We alway5 seek to provide Clear and easy ways for people to stop recelvln8 communlcatlons from us. We have a Data Protertlon Offlcer and an Information Governance Worklng Group made up of senlor stsff throughout the of8anlsation. We have a Prlvacy and Falr Use Pollcv and tontlnue to UP8rade our IT network and pr3ctlce5, to ensure all personal data is secure in line with Industry stsndards and re8ubatlons. Publlc Benelrt The Trustee5 of LCM confirm that they have had re8ard to the guldance contalned In the Charfty Commlsslon's General Guldance on Public Beneflt when revlewlng LCM'S alms and oblectlve5 and In plannln8 f￿Ure actlvltles. 3E. PRINCIPAL RISKS AND UNCERTAINTIES A5 the Covld pandemlc contlnued to $18nlficantly Impact London and the work of The London Clty Mlsslon In 2021 the Leadershlp Team kept the rlsk Te815ter under regular review. The rlsk register Contlnued to be ameansfor the Board noi onty to Identlfy rlsks, but also an effective means to mana8e and mltlgate them wherever posslble. FINANCIAL AND FUNDRAISING RISKS Fundralslng LCM contlnues Its strate8y of partnerlng wlth evan8elkèl Chrlstlan5 and churches to reach marglnallsed Londoners ￿th the Gospel. Makln8 pro8ress on thls strategy requlres 5tron8 and Increasln8 flnanclal support from donors. Plans are undertaken not only to retaln. bul also to Increase supporters, engagement through the 8lvln8 of money, prayer and tlme to the Mlsslon's 8oals.The new fundraislng 5trate8y and recrubtrnent to the Fundralslng team, started In 2020, saw frult In 2021 through In¢reasln8 donatlon levels. Work Is pro8resslng on identifyin8 and communlcatln8 Clear examples of where supporters, glvlng ts makin8 an impact for the Gospel. Legacy 81fts make a si8nlficant dlfference to mlnlstry In London and contlnue to be welcomed by the Board, and plans to actlvely connect with potentlal legacy glvers contlnue to be devebped. Flnancial The potential likellhood of Increase In costs due to Current econombc factors Ihlgher Inflatlon, the d*veloplng cost of Ilving crisls and the possibility of re¢e$51onl Is recognlsed and addltitsnal measures taken to mitigate cash shortfalls. LCM'S financlal sustaSnability oble¢tfjve contlnues to have an emphasls on Income growth and the reductlon of staff Costs through natural turnover. The rontlnued receipts from $3[e5 of LCM pr¢pertles that had been developed also releases monèy to be Invested In resources to reallse the Mlsslon's 5trate8y. 27

REPORT OFTHF DIRECTOR5 FOR THE YEAR ENDED 310ECEMBER 2021 The Trustees value the donations of supporters ènd prlorbtlse the good stewardship of LCM lunds throu8h strong financial controls. The Finan￿ Subcommittee continues to ￿vIeW the control Infrastructure to ensure high standards are maintained at all times. Alongside existin8 measures, an end-to-end review of key processes, Project Optimise, is also In pro8ress. Data Protection RobLLSt compliance wlth GDPA regulation continues to be a hlBh prlority at LCM and to thls end a DPO (Data Protectlon Officer) has been appointed. reportlng dlrertty to the CEO. All data includln8 that of supporters Is being held se¢urely. wlth processes belng Improved to ensure personally Identifiable information was beln8 Used approprlatety at all tlme5. Threats tsf hacklng and data leaks are belng mltigèted by frequenily updaied antl-vlrus and flrewall software. An upgraded WI-FI Infrastructure ha5 been implemented at 17S Tower Bridge Road and secure Iwo factoi authentl¢atlon Is belng used In addltion to Pa55words on all staff office account9. PEOPLE-RELATED RISKS SafeguardlnB The Board contlnue5 to reco8nlse the serlousness of safe8uardln8 both of the mar8lnallsed Londoners they seek to reach out to and to the LCM staff. The HR Department and HR Board Subcommittee revlewed procedures to ensure that the Safeguardin8 PollLI 15 implemented as effectlvety as posslble. The Mlsslon has worked In partnershlp wllh external safeguardlng agency, Chrlstlan Safeguarding Servlces, so as to follow best practlce In thls area across the charlty. The safe8uardlng tralnlng plan has been updated and the Implementatlon of an Increased number of staff DBS checks Is In pro8re5S. Collaboratlve stsff w0￿[n8 The flemlblllty and remote worklng requlred dull￿ the pandemlc Is beln8 developed Intenllonally by the Leadershlp Team at an or8anlsatlon wlde level. A speclfic project group Is workln8 on how Improvements In technology and new worklng patterns could be most effertlvefy adopted across the Mlsslon. LCM leaders want to model a8lle worklng and Brow 3 culture ol effectlve team workln communlcatlon and ¢ollaboraiknn to maxlmlse the Impact of the charlty resources In London. staff Wellbelng The Board want to malntsln a hl8h level of Care and support for staff that recognlses the demand5 of urban mlsslon In a modern clty. Staff arefrequently encouraged to work Inthe slrength of God's grace nd not only thelr own resources. Opportunltles to pray dally In teams and as an organlsatlon are creatèd and tneoura8ed for the splrltual health of staff and to help avold the r15k of burnout over time. A 5peclfic workin8 group has been started to hear Irom employees across the organlsatlon and address staff vrfellbelnB and Issue5, Llne manager5 are encouraged to 5UPPOrt thelr tearn5 Pastorallv a5 well 35 in work related i55ues. The LCM Values The four LCM Values, basedon scrlpture. are frequently Teferenced thTOU8houtthe yearatthe Mlsslon and are at the root of the evangelical Christian culture of the London City Misslon. The Values are included in LCM job descriptions. the onboardlng process. and are at the root of prayer meetin85 and Team Days that were scheduled throughout the year. Pray* continues to be a priorkty as staff sought to be rooted in Christ and the year began wlth the Week of Prayer devoted to prayer and biblical reflectlon for all staff. 28

REPORT OFTHE DIRECTORS FOR ThE YEAR ENDED 31 DECEMBER 2021 4. GOVERNANCE REGISTERED OFFICE.. The London City Misslon 175 Tower B￿dde Road London SEI 2AH REGISTERED CHAiiifY NUMBER: 247186 REGISTERED COMPANY NUMBER.. 428461S Statug: The London Cfty Mlsslon ts a charlty reg15tered In England and Wales and a company Ilmlted bv 8uarantee re8lstered In England and Wale5. The London Clty Mlsslonls govemed by Its Memorandurn and Artlcles of ￿SocIatIOn. Incorporated on 10 September 2CiII, the company took on the Charllable activities, assets and Ilèbllltle5 of The London Clty Mlsslon. an unlncorporated assodatlon and re8lstered charlty Icharity Number 2471861, on l January 2fy)3. The Company operates under the worklng name'London Clly M15510n'. ObJ•cts: The oble¢¢s of the Charly are for the publlc beneht, to further such exclusively charltable purpose5 accordlnB to the law of En6land and Wales, as the Trusteès In their absolute d5scretlon from tlme to tlme determlne, and In particular (but wlthout preludlce to the generallty of thefore8oln81, to advan¢e and extend the knowled8e of the Gospel amon8 the inhabltants of London and Its VICIn￿V lespeclally mongst those Ilvlng In poverty), wlthout any reference to denomlnatlonal dlstlnctlons or the pecullarltles of Church Government. Dlrectors •nd yof•tslonal •dvbsorn: All Trustees acted as Dlrector5 ofThe London Clty M15slon and were also the members ofThe London Clty Mission. The Directtsrs who served durlng the year were as follows.. . Diietlor olntment dates.. Carolyn Ash- May 2007 Ire558ned at the luty 2022 board mettln81 John Bulmer- Marth 2015 Andrew Burkin5haw- March 2015 Mosun Dorgu- December 2008 Bryan Duncan- March 2018 Rlchard Godden-5eptember 2001 Ro8er Evans- September 2013 Mark Hardln8 IChalrmanl- November 2002 Anne Hudson-july 2018 Graham Mlller ICEOI- January 2014 Rlchard Montgomery- Marth 2018 lan Nash- November 2002 hli8el Parrington- May 2016 Marcla Shlelds- March 2015 29

REPORT OFTHE DIREcfoRS FOR THE YEAR ENDED 31 DECEMBER 2021 ors an oth ctln Misslon durin the ear.. Sollcltors: Wedlake Bell LLP 71 Queen Vlrtoria Street London EC4V4AY Anthony Colllns Soll¢ltors LLP 134 Edmund Street Blrmln8ham B3 2ES Stockbrok•rs: Investe¢ Wealth and Investment Llmlted 30 Gresham Street London EC2V 7QN Bank•rs.' Barclays Bank plc ILK) Fenchur¢h Street London EC3M 5JD Inwr*nc• •dvls(brs: Arthur l Gallagher Insurance Brokers Umlied Spectrum Bulldln8 7th Floor, 5S Blythswood Street Gla$8OW G2 7AT P•Mlon •dvlsors: Mercer Llmlted l Tower Place West Tower Place London EC3R 5BU Punter Southall Defined Contrlbutlons Consultlng Llmlted 115trand London WC2N SHR •gbstered audltors: Moore Kln8Ston Smbth LLP 9 Appold Slreet. London EC2A 2AP 30

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 4A GOVERNANCE OFTHE LONDON CITY MISSION The Board of The London Clty Mission ILCMI met on nlne occa51ons durlng the year. amonB Other thin85 to estsbllsh overall strategy and polky. to determine matters of principle, deal wlth flnanclal planning and other finandal matter5, Includlng the gverslght of ihe properties. and revlew pro8re55 towards achievlng the plan5 and goals11 has set. As pemiitted by the Artlcles of As50clatlon. the Chlef Exe¢utive Offiter, who is also a member of the Board of Dlrector5, 15 the onty pald member of the Board. The Chief Executive Offlcer Is appolnted by the Board and, together wlth hi5 senlor man38ement team, manages the day-to-day operations of LCM. Management declslons are relayed to Ileld staff throu8h Field Directors, With support from Team Leaders. Communications wlth all employee5 are malntslned through regular meetln8s. monthly Team Days, staff newsletters, annual appralsals, emall and wrltten documentation. LCM'5 Board completed Its comprehen51vè revlew of the Charity Governance Co(le in early 2021. Whllst recognlslng that the requlrements of the code are not mandatory. It belleves they should be lar8ety applled by the Mlsslon and has agreed an actlon plan to reflect recommended pra¢tlce from the Charlty Commlsslon. 4B. SUBSIDIARY COMPANIES The London Clty M1s51on 8roup Is made up Ol a ¢olle¢tlon of companles whlch are wholly owned by LCM. These companles enter Into transactlons wlth the charlty and eoch other. The board of the London Clty MIs51on ha5 approved these Iransactlons on behalf of the charlty. The London Clty Mlsslon Trust *xlsts so1•￿ to hold properties and 5ecurltle5 a5 nomlnee on behalf of The London Ctty Mission. It has an1s5ued 5hafe capltal of 181 £4 shares, Sop partty pald, of which The London City Mlsslon has 170 shares and London City Mi551on Servlces Llmlted has the remalnlng 11 shares. London Clty Ml551on Servlces Llmlted, a fully owned subsldlary of The London Clty M155ion, has no tradln8 art￿lty and solely ex15ts to be one of the two ￿rPorate shareholders In the London City M15sk>n Trust. In November 2015, London Clty Mlssion Property Servlces Ltd ILCMPSI, a company Ilmltèd by guarantee, was set up as a subsldlary of The London ciiy Mlsslon. At 31 December 2017, an asset purchased from The London Clty M15slon had subsequently been Impalred to £nll and, as a result, an Intercompany loan from The London City M1s51on to LCMPS. whl¢h had been drawn to pay for the 5ald asset, had been deemed to be unllkety to be repald, and had a150 been written down to Énll. In 2021, the actlvlties of LCMPS were tron5ferred to LCMPH as part of a corporate restructure. LCMPS Is In the process of be¢omln8 dom)ant. In November 2019, London City Mission Property Holdln85 Ltd ILCMPHI, a company limited by sharès wès set up as a subsSdlary of The London Clty Mission. LCMPH will act a5 a wholly owned tradin8 subsldlary of the charlty, to provide segregation of tradlng, or potentlal tradln8 activity, from Charltable artlvlty as recommended by the Charity Comm15sion. LCMPH tt)mmenced tradlng from the 1st July 2021. The dlrertors of LCMPH entered Into a contract to purchase 27 properties from ihe parent tompany ILCMI. The wholly owned subsldlary ILCMPHI used an Intercompany loan from LCM to purchase these propertles wlth any dlfference to thelr holding value bein8 treated as an Investment in LCMPH by LCM. These iransactlons are refiected In the accounts of LCM as Investment properties replaced by a subsldiary Investrnent and èn inter- company loan. Similarty. LCMPH leased back these properties to the parent company. Finally, the dlrectors of LCMPH have novaled certain existing London Clty Mlsslon Property Servlces Ltd 31

REPOR T OF TH E DIRECTOR5 FOR THEYEAR ENDED 31 DECEMBER 2021 contracts to the company.The5e transaCt￿nS were In Ilne with the scheme authorised by the Char Commission dated 30 June 2021. 4C MANAGEME1￿ SYRucfuRE The London City Mission's ILCMI Leadershlp Team are accountable to the Board of Directors to tollectlvely lead and serve LCM. They have responsibility to re¢tsmmend and Implement the strategy of the overall or8an153tlon. The Rev Dr Jason Roach took up hls role a5 Dlredor of Mlnlstrles In September 2021. Before comin8 to the Mlsslon Jason was a medlcal doctor and as an ordalned Angllcan mln15ter he served as a spedal advlsor to the Bishop of London. HIS prevlous role was as the founder and pastorof The Brldge Churth In Battersea. Carl Knlghtly was appointed as Dlrector of Church Networks In September 2021. Carl had prevlously worked In partnership wlth LCM as the CEO of Falth in Later Llfe, a natlonal Chrlstlan charlty focused on older people. Thls followed a role asthe Dlrector of EnKagement for a natlonal Chrlstian care home provlder, where Carl held a wlde.ran8lng portfollo Includin8 marketi7￿ communlcations, and stakeholder enga8ement. Durln8 the course of 2021, LCM was dell8hted to announce that a number of Internal staff were appolnted to the Leader5hlp Team, as God called others to serve In new ways. Shantelle Rlchardson was promoted to Head of Communl¢atlons and lolned the Leadeishlp Team In May 2021. She jolned LCM In 2016 and has 10 years of communlcatbons and marketln8 experlence. She serves on the Councll for the Evan8eli¢al Allian¢e and Is also a part of the strate8lc advlsory Broup for One People Commlssknn. She Is passlonate about seeln8 everyday Chrbstlans grow thelr confldence to share the 805pel. Chesman Isle l¢lned LCM in January 2015, worklng In the CEO'5 Offlce with the CEO Graham Miller as EA and Company Secretsry. He wa5 promoted to Chief of Staff at LCM in June 2021. He ha5 seryed in Chrlstian charltles In London slnce 2CO7 and before that he worked In banklng In the Clty of London. Mamb•rs ofThe London Clty Mlsslorfs L•ad•rshlp T•am af• as folows: Chlef Executlve Oflker: Graham Mimer DlrectOT of Flnance.. Nkholas Allenson Deputy CEO and Director ofTralnln8 & Mentorln8: Efrem Bwkle Director of People & Organlsatlonal Development: Chrlstlan Flelder Interim Director of MlTri5tr1es.' Terry Putti¢k IMar¢h- September 20211 Director of Ministries.. Jason Roach (appointed September 20211 Dlrector of Church Network5'. Carl Knlghtly (appointed September 20211 Director of En8a8ement.' Rachel Wagstaff Head of Communications.. Shantelle Richard50n (appointed to LT in May 20211 Chief of Stsff and Company Secretary: Chesman Isle lappointed to LT in 20211 Resl8natlon5 in 2021.. Director of Mlnistrles.. Ibitayo Arlkawe (left March 20211 Dlrector of Communlcations & Programmes.. Johanna s￿tOn (left May 20211 32

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 Board members There were no new appolrtments to the Board of Dlrectors In 2021. When new members join the Board, they are provlded with key Board documents such as annual reports, Articles of Assoclatlon, and strategic future plans. The company secretary is investi8atlng alternatlve sour￿$ of on-8oin8 training. The governance action plan includes an audtt of skllls, experlence and dlverslty every three years to ensure the Board of Dlrettors can fvlfil Its duties. Carotyn Ash stepped down from the Board In July 2022 after 16 year5 of servlce. The Chalr, Mafk Hardln& expressed the thanks of the whole Board for her falthful work, partlculorly her tonslslent support and prayers wlth so many Indlvldual staff members. 40. PAY POUCY FOR SENIOR STAFF The Board of Dlrectors and the Leadershlp Team comprSse the key mana8ement personnel of The London Clty Mlsslon, In charge of dlrectln8 and controlllnB, runnlng and operatln8 LCM on a day-to- day basls. All Trustees, wlth the exceptlon of the Chlef Executlve Offlcer, 8lve thelr tlme freely and re¢elved no remuneratlon In the year. Detalls of Trustees, expenses are dlsc105ed In Note 4 to the Accounts, and related party transadlons In Note 21. The Salaries and benefits of the senknrstaff on the Leadershlp Team lexcludlnq the CEO) are Set bythe Chief Executlve Offi￿[ and Dlrector of People & Or8anlsatlonal Development and approved bythe HR Subcomm￿tee of the Board, wlth reference to levels of responsiblllty and rates of remuneratlon In charStles of slmllar size ond oblect5. The Chief Executlve Othcerf5 salary and benefits are set by the Board of LCM. Rates of pay are revlewed annually and nomally increased In linewlth Inflation. Detalls are dlsclosed In Note 4 to the Accounts. 4E. DIREcfoRS' RESPONSI8IUTIES The Dlrectors are responsible for preparlng the Directors, annual report and the financlal statements In accordance with applicable law and United Klngdom Accountln8 Standards Iunlted Klngdom Generally A¢¢epted Accountin8 Practlcel. Compary law requlres the Dlrectors to prepare financial statements for each linancial year. Under company law the Directors must noi approve the financial ststement5 unless they are satisfied that they give a true and falr vlew of the state of affairs of the charlty and of the Incoming resources and appllcatlon of resources, In¢ludlng its Income and expendlture, of the Charltyforihe year. In preparl those flnanclal statements the Dlrectors are re4ulred io.. Select suStable accountln8 pollcles and then apply them conslstently Observe the methods and prlnclples in the Charities Statement of Recommended Prarti¢t ISORPI Make ludgments and accounlln8 estimates that are reasonable and prudent Prepare ihe ffinan¢lal statements on the 80inB Concern basis unless It is Inapproprlate to presume that the tharlty wlll continue in buslness The Directors are responsible lorkeepirtg adequate accountlng record5 thatare sufficlentto Show and explain the charitrfs transactlons and disclose with reasonable ac¢uracy at any tlme the financial posltlon of the charity and enable them to ensure that the financial Statements compty wlth the 33

REPDRT OF THE DIRECTOR5 FOR THE YEAR ENDED 31 DECEMBER 2021 rtqulrements ofthe Companles Art 2006. They are also responsible for safe8uardln8 the assets of the charlty and hence for takin8 reasonable steps for the preventlon ènd detectlon of fraud and other irre8ularitles. IF. AUDITORS Aresolution to re-appoint Motsre Kin8StonSmlth as audotors to LCM wlll be proposedto themembers. 4G. DIRECTORS. STATEMENT Each of the Dlrertor5 ha5 confinned that. so far a5 they are aware, there 15 no relevant audlt Informatlon of whlch the charitable company's audltor5 are unaware, and ihat they have taken all the step5 that they ou8ht to have taken as a dlrettor to make themselves aware of any relevant audlt Information and to establish that the charitable compan¢s audltors arè aware ol that Infomiation. REPORT OF THE DIRECTORS SIGNEO ON BEHALF OF THE DIREC70AS GRAHAM D MILLEK CHIEF EXECIJTIVE AND DIRECTOR 24 October 2022

INDEPENDENT AUDITOR5, REPORT TO THE MEMBERS OF THE LONDON CITY MISSION 5. INDEPENDENT AUDITORS, REPORT Oplnlon We have audlted the financlal statements of London City Mlssion and Its sub51darle5 for the year ended 31 Oecember 2021 which comprise the Group Statement of Flnanclal Activitles. the Group and PaTentChaTltable Comparty Balance Sheets, the Group Cash Flow Statement and note5 to the finandal statements, including a summary of si8nificant accountin8 poll¢les. The ffinanclal reportlng framework that has been applied in thelr preparatlon 15 applitable law and Unlted Kingdom Accountin8Standards, Including Flnanclal Reportlng Standard 102 The Financial Reportin8 Standard appll¢able In the UK 8nd Republlc of Ireland (Unl￿d Kln8dum Generally A¢¢epted Accountlng Practice). In ouroplnl*)n th• finjndal 5tst•rn•nts: 81ve a true and falrvlew of the stateof the group's and the parent tharltable companvs affalrs as at 310ecember 2021 and of the 8roup's Incomlng resources and appllcatlon of resource5, Includlng its income and expendlture. for the year then ended,. have been properly prepared in ac¢ordan¢e wlth Unlted Klngdom Generally Accepted Accountln8 Pra¢tlce; and have been prepared In ar¢Ordan￿ wlth the requlrements of the Companles Act 2006. B•sls for oplnlon We conducted our audlt In accordance wlth Internatlonal Standards on Avdltln8 IIJKI IISA5IUKII and appllcable law. Our responslbllitles under those stsndards are further descrlbed In the Audltorfs Responsibilitles for the audlt of the financlal statements sectlon of our report. We are Independent of the charltable company In accordance wlth the ethical requlrements that are relevant to our audlt of the finan¢lal staiements Inthe UK, IncludlTh% the FRC'S Ethlcal Standard, and we havefulflllèd ourother ethlcal re5ponslbllitles in a¢¢ordance wlth these requlrements. We belleve that the audlt evlden¢e we have obtalned Is sufflclent and approprlate to provlde a b4$1$ for our oplnlon, Condujlons r•latln8 togolni conc•rn In audltlng the financlal 5tstements, we have concluded that the trustees, use of the 8oln8 concern basls of a¢countln8 In the preparatlon of the flnanclal statements15 approprlate. Based on the work we have performed. we have not Identlfied any mèterlal un¢ertalntles rèlatlng io events or conditlons that, Indlvidually or collectivety, may cast signlflcant doubt on the 8roup'5 and parent charltable company's abSllty to contlnue a5 a Boln8 Concern for a perlod of at least twelve months from when the flnanclal statements are authorlsed for Issue. Our responslbllitles andlhe responsibllltle$of the trustees wlth respectto go1￿ concern 8redescribed in the relevant sectlons of this report. Other Infomiatlon The other Infomatlon comprlses the Informatlon Included in the annual report. other than the financial statements and our auditor's report thereon. The trustees are responsible for the other Informatlon contained in the annual report. Our opinion on the financlal statements does not cover 35

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE LONDON ￿ MISSION the other informatitin and, except to the extent otherwSse expllcltly stated in our report, we do not exprèss any fomi of assurance conclusion thereon. Our responsibility is to read the other information and, In d¢ln8 so. consider vthether the other information is materially intonslstent wlth the flnancial 5tatement5 or our knowled8e obtained In the tour5e of the audlt or otherwise appears to be materially rni5ststtd. 11 we Identlfy such material incon51stencies or hpparent rnaterlal misstatements, we are required to determine whether there is a materlal m15Statement In the lIna￿la1 Statements them5elve5. If, based on the work we have performed, we conclude that there Is a materlal m15ststement of thbs other Information, we are requlred to report that fact. We have nothlng to report In this re8ard. Oplnlon$ on ot￿r matt•rs pr•5crfbad by the Companbes Art 2006 In our oplnlon, based on the WO￿ undertaken in the COLffse of the audit., the Informatlon 8lven In the strate8lc report and the trustes' annual report fof the flnanclal year for whlch the fflnan¢lal ststements are prepared 15 con51stent with the flnanclal statements,. and the strateglc report and the trustees, annual report have been prepared In accordance wlth appllcable le8al requlrements. M•tt•rs on whkh we •re requlred to r•pDrt by •xc•ptlon In the118ht of the knowledge and understandlngof thegroup and parent charltable company and thèlr envlronment obtained in the course of the oudil, we have not Identlfled material mlsstatements In the strat•gi¢ report or the trustees, annual report. We have nothlng to report In respect of the followin8matter5 where the Companles A¢t 2DJ6 requlres us to report to you If, In our oplnlon., the parent charltable ¢ompany has not kept adequate and 5ufflclent accountln8 records, or returns adequate for our audlt have not been re¢efved from branches not vlslted by us,. or the partnt charitable companvs financlal statements are not In 3Breernent wlth the accountlng records and returns,. or certaln dlsc5osures of trustees, remuneratMJn specified by law are not made- or we have not recelved all the Informatlon and explanatlon5 we requlre lor ovr audit. Re5ponslbllltles oltrust• As explalned more fully In the trustees, responslbllltles statement, the trustees (who are also the dlrectors of the charf(able company for the purposes of ¢ompany lawl are responslble for the preparation of the financial statements and for belng satisfied that they 6lve a true and tsir view, and for such internal conlrol as the trustees dtem)ine Is necessary to enable the preparatlon of financial statements that are free from mate¥ial misstatement, whether due to fraud or error. In preparlng the financlal statements, the trustees are responsible for as5es5in8 the group and parent haritable company's ability to tontinue as a going concern, discloslng, as applicable, matters related io golng concern and uslng the 8oln8 concern ba515 of attountin8 unless the triisteès elther Intend to 36

INDEPENDENT AUDITORS, REPORT TOTHE MEMBERS OFTHE LONDON CITYMISSION Ilquldate the 8roup or parent charitable company or to cease operations, OT have no realistic Iternative but to do 50. Audltorfs responslbllltl•s for tho audll otth• flnandal 5tstem¢nts Our objectives are to obtaln reasonable assurance about whetherthe financial ststemenis as a whole are free from material mls5taternent, whether due io fraud or error, and to Issue an audltorf5 report that Inrlude5 our oplnion. Reasonable assurance Is a hl8h level of assurance. but Is nol a guarantee that an audlt conducted In accordance with ISA5 IUKI wlll always detect a materlal mi55tatement when it exist5. Misstatements Can arise from fraud or error and are considered materlal11. Indivldu8lly or In a88re8ate, they could reasonably be expected to Influence the economlc declslons of users taken on the basis of these Ilnan¢lal statements. A5 part of an audlt In accordance wlth ISAS IUKI we exercise professional lud8ement and malntsln professlonal 5ceptlc15m throu8houl the audit. We also: Identify and as5e5S the rlsks ol materlal mlsstatement of the financlal ststements, whether due to fraud or error, deslBn and perform audlt procedures responslve to those rlsks, and obtaln audlt evldence that Is suffitlent and appropriate to provlde a ba515 for our opinlon. The risk of not detectin8 a material m1s5tatement ￿$￿ItIn& from fraud Is hl8her than for one resultlns from error, as fraud may Involve colluslon, for8ery, Intentional omlsslons. mtsrepresentations, or the overrlde of Internal control. Obtaln an understsndlng of knternal control relevant to the audlt in order to desl8n audlt procedures that are approprlate In the cSrcum5tances, but not for the purposes of expressln8 an oplnlon On the effertlveness of the group and parent charltable company's Snrnal control. Evaluate the approprlateness of accountln8 polkles used and the reasonableness of accountln8 e51imètes and related dlstlosures made by the trustees. Conclude on the approprlatèness of the trustee5' Use of the 8olng concem ba515 of accounting and, based on the audlt evldence obtained, whether a material uncertalnty exlsts related to events or condltlons that may cast slgnlficant doubt on the 8roup and parent charitable company'5 ablllty to contlnue as a 8oln8 ¢on¢ern. If we conclude that a materlal uncertalnty exlsts, we are requlfed to draw attentlon In our audltor'5 reptsrt to the related dlsclosures In the financlal ststement5 or, If such dlsclosures are Inadequate, to modify our oplnion. Our concSuslons are based on the audlt evldence obtained up to the date of our audltor'5 report. However, future event5 or conditions may cause the Broup or parent charltable company IQ cease to contlnue as a Boin8 concern. Evaluate the overall pre5entstion, siructure and content of the flnanclal statements, includln8 the dlsclosures, and whether the flnancial statements represent the undertyin8 transa¢tlon5 and events In a manner that èchleves falr plesentatlon. Obtain sufficient appropriate audlt evldence regardlng the financial Information of the entitles or buslne55 activities within the 8rovp to express an oplnlon on the consolldated flnanclal 5tatement5. We are re5pon5ible for the dlrection, supervision and performancp ¢f the group audlt. We remain Sole￿ responsible ft>r our audit report. 37

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE LONDON CITY MISSION We communicate with those charged with governance regarding, among other matters, the planned scope and timin8 of the audit and signifi'cant audit findlngs. Intludln8 any sl8nlficant deficlencies In internal control that we identify durin8 our audit. Explanotlonas towhatextentiheaudltwas CO￿ld+r+d capabl*old•t•ttlng Irr•gularftles, Indudl fraud Irregularltles. Includlng fraud. are Instances of non-compllance wlth laws and re8ulatlons. We desl8n procedures in Ilne with OUT responsibilitles, outlSned above, to detect material mlsstatements In respect of Irregularltles. Includlng fraud. The extent to whlch our procedvres are capable of detectln8 ITre8ularltles, Includlng fraud15 detailed below. The objectlve5 of our audlt In re5pe¢t of Iraud, are.. to Identlfy and assess the rlsks of materlal mlsststement of ihe Ilnancial statements due to fraud,. to obtain 5ufflclent approprlate audlt evldence re8ardin8 the as5e5sed rlsks of materlal m155tatement due to fraud, through de5ignin8 and Implementlng approprlate responses to those assessed risks; and to respond appropriately to Instances of fraud or suspected fraud Identllled durlng the audlt. However, the prlmary responslblllty for the preventlon and detectlon of fraud rests wlth both management and those ¢har8ed wlth governance of the charftable ¢ompany. Our èpproach was as follows: We obtalned an understandlng of the legal and regulatory requlrements appllcable to the charltable company and consldered that the most $18nbll¢ant are the Companlès Act 2006, the Charltles Act 2011, the Charlty SOAP, and UK flnanclal reportlng standards as L5sued by the Flnancial Reportin8 Council We obtalned an vnderstanding of how thè charltable compary complles wlth these requlrements by dlscus51ons wlth mana8emenl and those charged with 81)vernan¢e. We a55e5sed ihe rlsk of maierlal mlsstatement of the fftnanclal statsments, Including the rlsk of materlal mlsstatement dve to fraud and how It ml8ht occur, by holdlng dlscusslons wlth mana8ement and those charged wlth 8ovem3n¢e, We Inquired of management and those charged wlth governance a5 to any known Instances of non-compllan¢e or suspected non<omplian¢e wlth laws and rè8ulatlons. Based on th15 understandln& we de518ned spe¢ili¢ appropriate audit procedures to Identlfy Instances of non-compllance wlth laws and re8ulatlons. Thls Included maklng enqulrles of mana8ement and those charged with 8overnance and obtainin8 additional corroboratlve evidence as requlred. There are Inherent Ilmltstlons In the audlt procedures de5crlbed above. We are less Ilkety to become awère of instances of non-compllan¢e wlth laws and regulatlons that are not tlosely related to events and transactlons reflected In the flnanclal staternents. Also, the risk of not dete¢tin8 a materlal misstatement due to fraud Is hl8her than the rlsk of not detectlng one resultlng from error, as fraud may involve deliberate concealment by, for example, foT8ery or intentlonal mi5rewesentations, or throu8h collusion. 38

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE LONDON CITY MISSION Use ol ow wrt Thls report Is made soletyto the ch8ritsble company's members, ès abody, kn accordancewlthchapter 3 01 Part 16 of the Companles Act 2CQ6. Our audit work has been undertaken so that we ml8ht stste to the charltable company's members those matters which we are required to state to them in an auditor's report and for no othèr purpose. To the fullest extent pemiitted by law, we do not atcept or assume responslblllty to any paity other than the charitsble ¢omparty and tharltable company's members as a body. for our audlt work, for thls report, orfor thè oplnlon5 we have fomied. LLf Date 28 October 2022 Andrew Stl¢kland Isenlor Statutory Auditor) for and on behalf of Moore Kln8Ston Smlth LLP, Statutory Audltor 9 Appold Stree( London. EC2A 2AP 39

GROUP STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 310ECEMBER 2021 6. GROUP STATEMENT OF FINANCIAL ACTIVITIES Unre5tr1cted fund$ Rtsirfrted Endowment fund5 fund5 Notes Tot•1 Tthal Voluntary incom• Donatlon5 Leycies fjraThts Income from Inveitrn•rtts IDcomt from th*iiiiblÈ &dMII Guaranteed payments and tradln8 recelpts at cafés, HQ Bookroom •nd It Chr15tlan Centres ID¢¢me from othertrId￿rf actlvltbos Rent5 Fees and other charge5 Oth•r Incom• Net 8èln on sale of i•nqlbleffixed assets 2,325.553 2,156.027 873.053 3.198,606 2,156,027 40,536 650,3ts1 2.361,944 1.151.032 177.104 677,546 40,536 21,516 628,788 19.514 19,514 16L808 481.493 182 481,493 182 461.248 56.004 1.290.423 L290A23 7 837,085 791.143 5.837.829 TOTAL INCOME Éxp•ndltureon I￿sIn8 funds M•n•4ement of rented propertles FundraSskng & Supporter Pirtnershlps Investwnt maTh￿ement fees 935,105 345.732 345,732 337.445 619,B09 12,175 977 715 619,8CKJ 12.175 977,716 525,001 13,921 876 367 14ET IfrICOME AVAILABLE FOR CHARITA8LE OBJEcnvES 5.924 264 935.105 6 859 369 4 961,462 EXPENDITURE ON CHARITABLE ACTivmES Mlsslon actlvltles LCM Ploneers Tralnln8 and church devdcpfflent Chymslon, Clty Challenie and Urb•n 4,492,465 207,180 325,426 758,976 86,175 5.251.441 293.355 325.426 5,856,161 250,592 296,63S 125,420 1,401,494 371,226 435,759 93.174 125.420 1,401.4Y 375,046 438,759 93,174 115.516 1,561,012 239.853 40B.288 83,059 Chrlstlan Centre5 Retlrement housln8 Ind other ¢•sts Rellef tts tho needy Hope Communlty Hornt$ Tr4d1￿ cosis at cafés. HQ Bookroom and at Chrlstian Centres Christl•n Certre developments TOTAL CHARITABLE EXPENDITURE TOTAL EXPENDITURE NEf INCOMEIIEXPENDfnJAEI BEFORE INVESTMENTGAINSILOSSES Redlised 8•lns on Inve5tsnents Unreallsed 8alns/l1055e51 on investments 3.820 3,000 5,641 89,927 7 367 858 8.345.570 5.641 89,927 ,219,829 9.197,541 38,600 151.774 9 001,490 9 877 857 851971 851.971 1443 590 328,608 1360 456 328.608 4 040 028 350,276 4 643 629 4 739 986 3 135 491 NET INCOMEIIEXPINDMEI BEFORE TRANSFERS 3.528.647 170,163 9,328 3.708.138 554.2611

GROUP STA TEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2021 Unre5tr1rted lund5 Restritted funds EndM¥ment funds zozo Total Notes Total NET INCOMEIIEXPENOITUAEI BEFORE TRANSFERS Transfer between fvnds NET INCOIWIEXPENDITUREI AFfER TRANSFERS Attuarial11055e5llc•lns on dellned beneftt penslon scheme frJET MOVEMENTIN FUNDS I¢ECONCILIATION OF FUNDS Total lund5 brou¢ht ftsrward FUND BALAIKES CARRIED FOAWARD 3,528,647 170,163 9,328 3.708.138 1554,2611 13 3,528,647 170,163 554.261 1316.175 316.175 3.212.472 170,163 3,391.963 653.261 62,5JO.348 LYI,340 1,242,082 65 293 770 65,947,031 65,722.B20 1.7JI,503 1,251,410 68.685,733 65.293,770 41

THE LONDON CITY MISSION GROUP & PARENT BALANCE SHEEf AS AT 31 DECEMBER 2021 7. GROUP & PARENT BALANCE SHEET Gmup 2021 Growp Charlty Notes 2021 FIXED ASSEf5 Tanglblefixed assets Intan8ibleflxed assets Investments 31,604.456 32.833.c(11 184.428 227A22 3S,842,678 32,021,451 67,631.561 65,OB2,274 24.756.564 31,438.743 184,428 227.822 29,428,IYJ) 32,021,451 54.369,Cé2 63.688￿16 CURRENT Awfs Stocks Oebtors Cash at bankand In hand 3.270 2.415,051 1.511.574 3,929.895 3,811 1,614.122 745,841 3,270 18,870,292 374.340 I9,247.￿)2 3.811 3.465.819 724.182 2,346.924 LIA8ILITIE5 Amounts fa115n8due wlthln one year 875,7231 1130,970 513,216 IiÉrcuRRE14T ASSETS 3.054,171 1.232,804 18,734.687 3,496,064 Amounts fallln6 due In morethan one year PEIISION lI￿lUTy 12,lJOO,O(b)I 11,¢)Jo.0001 12L3081 12,CQO,C#)01 IIxIoo,0001 12I,308 68.685,733 65,293.770 71,103,768 66.162.772 FUNDS Oesl8nated fund5 fjenerzl reserve Ptnslon deflclt UNAEsTricfED FUNDS li 57.141,801 54,198,744 8,581.019 8,332,912 121,3081 65,722.820 62.510,348 57,477,011 S4.198.744 10.663,844 9,201,914 21.3081 68.140.855 63,379,350 RESTrICIED FUNDS 13 1,71L503 1,541,340 1.711,503 L54L340 ENDOWMEPUFUNDS 14 1.251.410 1,242,082 1.251,410 L242.(￿2 TOTAL FUNOS 68,685.733 65,293,770 71,103,768 66.16L772 Approved and authorfsed by the Board on 24" Ortober ZOZ2 and signed on its behalf tr*T.' Mark D Hardln Chairman of the Board The thndon Clty Mi55iOn Company number- 04284615 Richard Montgomery, (Yn behalfof the Flnancecommlttee 42

THE LONDON CITY MISSION GROUP CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021 S. GROUP CASHFLOW STATEMENT C•sh flowsfrom op•r￿n8 •rtlvlll•5: 2021 2020 N•t Ush u5•dln oper•lfjnB •rtlvltleJ 4,035,012) 14,740.199 Cash Ilows from ikwestlni •rtl¥likn: Dlvldends, Interest Ind rents from Investments Proceed51rorn sok of t4nBltrJle Ilxed assets Purchose ol ton8lble fixed assets Proceed5 from Sa￿ ¢f fix•d •sset Its￿$trnents Purtha5e ofllxed •55et Invesiments N•t ¢•th provlded by In¥•$y￿ •rtlvltS•s 650,304 2,155,827 12,193.3401 5,6n,766 2,484.814 3 800.743 677.546 1.150.OLX) 12,868,362> 8,304A83 13,146,540) 4,117,127 sh Il¢>ws from fftnindno •Ellvltl•s'. Loan Recelved N•t f•5h pTo¥bdedby fln•n¢ltti •alb4tl¢s i.000,oc#) I,000.Ixx> I,OOD.OOD Incr•we In t•5h and clsh •qufv•tent5 765.731 376 928 2011 2020 R•¢on¢Ill￿I￿￿ of net lThtom• tor th• yurto Mt t•sh ourflowfrom eonllnulnq oporitlni Irthflll Net Income Investment Income Galn on dlsp05al of t•nlble fimd 3,391,962 1650,3041 1653,2621 1677,5461 11,290.4231 1328,6081 14.739.985> 615.895 43,395 541 1817,7791 259,705 4 035 012 1791,1431 1350,2761 13,135,491) 613,434 43,395 16531 577.955 366,6131 4,740 199 Reallsed li•ln5lllosses on ￿n￿StmentS Vrsre•115ed l8•lnsll1055e5 on Inve5tmeMs Depreclatlon on tanglbleflxed •$$tts AmortlSBtSon ol Intan8lbleBsset5 Decrea5elllncrea5el In stocks Decreastlllnertlsel In debtor$ IDeueèsel/lncrease kn credltofs Nettash outllow from Oper￿0￿ acllvllS15 An4lys1s ofthanDs In d•bt •qul¥•lertti the year Chary In year l Jan Z021 31 DK ZIIZI Cash and tash eotslv•lents Cash 765.732 1 $11574 Borrowlnes Debt due wlthln one year Debt due after one year Total 1,000.000 254.159 i.ooo.ry) 234.268 43

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 9. NOTES TOTAE ACCOUNTS Atcountln lal Basls of ac ounti The flnanclal statements hève beèn prepared In accordance with Accovntin8 and Reportin8 by Charftles.. Statement of Recommended Practlce appllcable to tharities preparing their accounts In ac¢ordan¢e wlth the Flnanclal Reportln8 Standard applicable In the UK and Republic of Ireland (FR$ 1021 leffectlve l January 20191- (Charitles SORP IFRS 10211, the Flnan¢lal Reportlng Standard applicable In the UK and Republlc of Ireland IFRS 1021 and th* Companles Act 2006. The presentatlonal currency used Is Brltlsh pound sterlln8. Balance5 are rounded to the nearest £. The London aty Mlsslon meet5 the deflnltlon c+f a publlc benent entlty under FRS 102. Assets and Ilabllltles are Inltlally recognlsed at hlstorlcal cost or transac￿0￿ value unless otherw15e stated In the relevant acci)untlng pollcy notel51. 8usts of consolldatlon The London Clty M15$1on Is the onlymemberoftwo sub51dlaryeompanleg. LondonCIty Mbsslon Property serv1¢￿ Ltd Ilmtted Icompany no. 098815331, a Company Ilmlted by guarantee, Ind London Clty M1$51on Property Holdln85 Ilmlted Icompany no. 1232CKII81, 3 Companv establlshed In November 2019. fjroup accounts have therefore been prepared and the assets, Ilabllltles and results of the subsldlalres are consolidaled Into these flnandal statements, Summarlsed deta115 see Note 6. Golnk7 concern The Dlrertors ¢onslder that there are no materlal un¢ertalntles about the charltl5 ablllty to contlnue as a golng concern for the foreseeable future. Under ￿ flnanclal Sustslnablllty plan, LCM 15 plannln8 operating dèficits In the medium term, financed by the sale5 of Investment pToperty. The disposal of Investment propertles 15 eX￿cted to provide more than £20m to fvnd the planned operatlonal deficit5, Currently ave￿gIng £3m per annum, and a sustainable level of workln8 capitsl. Meanwhile, the trustees alm to hokl liquid assets equivalent to the 8eneral reserve tar8et, have a mortgage facllity for £2m in place and On￿ expectto seek debt finan¢ln8 to ald property purchases. Havln8 made enqulrles, the Dlrectors believe thal the planned programme of property dlsposals Is achSevable wlthout recourse to addltlonal

THE LONDON CITY M15510N NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 borrowlng facilities and do not consider there are any materfal uncertainties about the charity's abillty to continue as a 80in8 concèrn for the foreseeable future. Accordingly, the financial siatements continut to be prepared on a 80inB concern basis. Ibl Tan cia Freehold and long leasehold bulldSnas are capltalised at h15torlcal ¢05t or probate value11 donated to the charltv. Foreach freehohj property, we assume a Cost ratlo of SO:SO dbvlded between lènd and buildln85. Freehold land Is noi depreclated. Freehold bulldln85 ère depreclated over thelr e¥peded useful lives, taken to be Soyears lat 2% per yearl. Leasehold property is depreclated over the shorter of the remainln8 Useful Ilfe OT the remalnln8 perlod of th* lease. Motor Vehlcles and Flxture5 and fkttlnis, are depreclated at 25%. and 20%, on a redu¢lng balance b051s re5pectlvety. IT capltsllsatlon bs capbtallsed aty 33.33% on cost and Property development Is not capltallsed untll It come5 Into use. Software Is amortlsed over a useful e¢onoml¢ Ilfe of 7 years, once It has entered Into use. Al Repalrs to propertles are xcounted for under charbtable expenditure eKept wherè the floor area of a property Is extended. or the Improvement15 ¢onsldered to be to the fabrlc ol the bulldlng and its fixtures and fittin8s, In whlch case the cost Is eapltallsed. {el Investments Investments lincludlng Investment propertlesl are stated at market value. Reallsed and unrealised 8ains and losse5 on investments are included In the Statement of FlnancSal Activitie5. Investment income Is credited to income on an atcruals basls. The portfol mana8ement fees are included In the Ststement ol Financial Acti7dtles. 45

THE LONDON CIIY MIS510N NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Investment property 15 property detmed to be held for the sole purpose of financial 8aln to LCM, 15 held at the Trustees, best estlmate of valuatlon and is not depreciated. whkh Is pèrmltted under the Charlty SORP 2019. The Trustees ptrform a revlew of the valuation annually. All chan8es In value In the year are reported in the Ststement of Flnancial Artivltles. lfj Q2kt Trade and other debtors are recoÉnlsed atthesettlementamount due afterany tTrdedls¢ount offered. Prepayments are vBlued at the amount prepald net of any trade db5counts due. Creditor5 afKI pro￿$10n$ are recognbsed where the charity has a present obll8atlon resultlng from a past evènt that wlll probably resuh in the transfer of fund5 to a thlrd party and the amount due to settle the obli8atlon can be measured or estlmated reliabty. Credltors and provlsbons are normally re¢o8nlsed at thelr settlement amount after allowln8 for any trad d15counts due. Propertles are held at book valuewherethey hovebetn8lvento LCM as glfts. and afeawaltln8 sale, belng elther on the marke( or earmarked for sale but not yet mafketed. They are not depre¢lated sln¢e they fall under Current A55et5. Where propertles that have been held for charltable purposes, orfor Investment purposes, are not deemed to be awaltln8 sale, they are kept In Tanglble Flxed Assets or Investmènt Propertles, respectlvelv. The London Ctty Mlsslon only has financlal asset5 and financial IlablllUs of a klnd that quallfy as basi¢ flnan¢lal Instruments Ifor example cashl. Basi¢ flnan¢lal Instruments are Inltlally recogn15ed at trnn5aCtion Wdlue and subsequently measured at thelr settlement volue. 11 Deslgnated Funds are funds set aside at the dis¢retlon of dlrectOTS. 21 Other Charftable Funds are avallable for use In the furtherance of LCM'S ¢harltable objectlves. 46

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Restdrted Funds- are restricted inctsme funds. whl¢h are expendable at the discretion of the tfustees in furtherance of partTrcular aspects of the objects of LCM and assets suble¢t to 5pecffic purposes and condbtlons imposed by the donors. Endowment Funds - are funds held In trust by LCM and only the Income arfslng can be expended. Donatlon5, and Income under glft abd. are accounted for when receivable. Le8acles arè recognised as recelvable when there 15 an entltlement to the funds, It Is consldered probable that they wlll be received and can be measured rellabty. Donatlons of Investment5 are accounted for at marketvalue atdate of transfer and propertles at Probatevalue or valuatlon. re bl Rent5 re¢elvable are acco￿ted for on an accruals basls. Value Added Tax, whleh cannot be re¢ovefed In respert of most of the costs of the charlty, Is Included In those costs In the Ststement of Fbnanclal Actlvltles. nsl co The penslon scheme Ss a defined benefit Ilinal salaryl funded scheme now closed to r*ew entrants. For defined beneflt Khemes, the amounts char8ed In resources expended are the current servlcecosls and galns and losses on settlements and Curtailments. They are Included as part of staff costs. Past 5ervke costs ère recognised Immediately In the Statement of Flnancbal Artlvltles If the beneffts have vested. l.e. entltlement to benefits has become uncondltlonal. If the benefits have not vested immedlatÈly. the costs are recognlsed overthe perlod untll vestln8 occurs. Net Interest cost Is charged to expendlture and Is calcuLited bv multlptyin8the nel Scheme Ilabillty bythedlscount rate usedto detemilne the defined benefit obli8ation. Aduarial galns and losses are reco￿lSed Immedlately. The defined benefit scheme is fundèd, with thè assèts of the scheme held separately from those of LCM, in a separate trustee admlnlstered fund. Pen51on scheme a$5ets are measured 47

THE LONDON CITY MISSION NOTES TO THE AccouTrifs FOR THE YEAR ENDED 31 DECEMBER 2021 at falrvalue and liabilities are measured on an a¢tuarlal basls uslng the projetted unbt method and dlsco¢Jnted at a rate equivalent to the current rate of return on a high quallty corporate bond of equivalent currency and tefm to the scheme liabl1￿[•s. The artuarial valuations ère obtslned at least trlennlally and are updated at eath balance sheet date. The defined contrlbutlon scheme costs a￿ Included as part of staff ¢osts and Indvded In the Statement of Flnanclal Actlvhles. Dirert ¢osts are allocated to the paTticulaT artlvlty where the ¢ost relates dlrectly to that actlvlty when Involced. Salarles of stsff, natlonal Snsurance and penslon ¢ontrlbutlons pald are allocated on a proportloned basls relatlng to the tlme spent. (pl L2a Payments made under operatlng lease5 are char6ed to tht siatement ol financlal actlvttles on stral8ht.llne basls overihe lease iemi, Support tosts Include propety Costs, HR, Ilnance, W, fundralslng and other admlnlstratlve costs assoclated wlth supportln8 thè tharltable actlvltles. They also Incorporate goveinance cost5 associated wlth the management of the Mlsslon's 3$5et5 and wlth constltutlonal and statuiory requlrements Includin8 advlsory and audit expendlture. Support Costs have been allocated to the cost of charitable a¢tlvltles on a headcount bas15. This allo¢atlon is srt out In Note 20. stlma The group's Investment propertles are valued by the Trustees atthelr e5tlmated market value at the balance Sheet dale. Thls represents a sl6nificant judgement, however the Trustees belleve that the market values of the Investment propertles a￿ not materlalty dlfferent from their carryln8 values at the balance Sheet date. 48

THE LONDON CITY MISSION NOTES TO THE ACCOUNT5 FOR THE YEAR ENDED 31 DECEMBER 2021 vestmeTrt Inccme Z021 2020 Income from Ilsted Inve5tment5 Income from other Investments Income from dep051ts Income from Investment proPe￿eS 88,826 106,374 2,727 558,751 650.304 4.093 S67,079 677,546 St•ll Totil 2021 Group (Xhor D4p'n Expendlture on ralslnilund5 Charitable expendlture 655,711 5,370,309 6,026.020 306,996 1s.oos 2.179,532 669,988 1486,528 684 993 977,712 8,219,829 9,197,541 stsff Total Z021 Chjrlty Qlhv Expendltuit on r•151nglunds Charltable expendlture 655,711 5.370,309 6,026,020 306,996 15.005 2,216,685 669,988 2.523.6È1 684,993 977,712 8,256,982 9,234,694 1021 Included In both group ind thirlty •bove: Audlt fee5 nèt of VAT Pilor y￿r undei •ccrual Support Costs INote 201 40,250 3,946,453 St•ff Group Oth•r D•p'n 2020 Expendlture on ralsln8fund5 Charitsble e¥penditure 456,592 5.805.364 6.261.956 387.415 32,361 2,615,052 581.073 3.002,467 613,434 876,368 9.OOJ.489 9,877.857 ststt Costs Ch•rlty oih•r 2020 Expenditure gn r•lsln8lunds Charltable expendlture 456.592 5,805,364 6,261,956 387A15 32,361 2.411279 581,073 2,798,694 613 434 876.368 ,988,273 9,674,084 2020 Induded In both 8r¢up •nd charlty above.. Audit fees t)et of VAT Prloryear under acuual SupportCQ5ts (Note 201 2S,S 11,120 3.563,$64 49

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 ff costs 2021 Z020 4.60B.053 423,848 157.656 836,463 6,026,020 4,597,076 377.841 502.134 784,904 6.261.956 Soclal Scurlty 5eniement Costs Pension and Llfe Insurbnce Theonly mernber of the B￿rd who bs ￿MUner￿ted 1$ Grahxrn Mlller. the Ch￿f Execvtlve. and h15 tot•1 emolumentsfor 2021 weft £58.01112020 £50,625). Penslon contrlbutlons of £8,40012020É9,9071 were 1180 pold on hls behalf. He also recelves rent-free a(￿MM0d)llon In hls rde as CNef Execuilve. Travel exper￿$ idmbursed to board members amounted to £4712020 £1411. Durln8 2020 the LCM commenced a revlew of mlsslon s￿1•￿)nd mknLstryoperatlonsJnd reached settlemlnt wlth one employee who subse4uentlyleft the o￿nIS•l￿•n, Thls conunued durln8 2021 ind further5ettlements w¢r 48reed. 20ZI Th• numborof•n¥loy••s in•ly5•d byfunEIIofi WM: Fltld staff - ev•n8ellsts Other mlnlstry Staff Malntenince 51aff Support and admlnlstrotlon 5toff Employ•d st•ff Ic8 85 26 59 178 43 157 atyVI￿0n teim uT￿n Track Employ•tt &formd ¥olunl•w proywnm•i 159 The ntsmber of employees re(efvl￿ emolumnts tor the ye•r8re•terthan £60,TrJO falllniw4thln the followlni bbnd were.. £60,000 to f69,999 £70,OW to £79,999 Emoluments forthe LeadershlpTe4m are shown beknw. The comp051tlon of the Leadershi) Team Is set out In ihe Dlrector5' Report Dn Pa¥e 13. The fiiure5 beloware the tot•1 cost tothe LCM, Includlng Iro￿ 5alarfes, tenefltsln klnd, and employer's penslon coThtrlbvtlon5 2021 Key mana8ementemolument5 492.$08 512,154 Loni Freehold Leisehold L•nd & Land Flxtyros Motor Proportv Bulldlw Bulldlngs & Flttln85 Vehld•5 Capl¢ats5atlon D•vdopm¢nt Group Totsl Cost orvoluatlon at l Januory 2021 Trnnsfers at cost 27,918,406 4.056,599 1,951,953 314,429 11.940.$851 102,184 1,539,087 35,881658 11.940.5861

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Addbtlons DIsp05als 4t 31 Decem￿1 2021 322,5 1612,5771 16.540 25,6B7,753 4,056,599 2.521,587 297,889 569.634 49.836 1.251,370 2,193.340 1297,4371 1926.5541 2,493,021 35,208.858 152.020 Depreclatton ot l Janu•ry2021 Dp'n tllmlnated on dlsposal Dep'Th ellmln•ted on tr8nsler Char¥e for perfod •t 31 December 2021 IA50.979 152,0151 169.0981 272,n6 1,602,S92 305,805 952,921 305,894 19,1351 34,058 3.049.657 161.1501 169,0981 584,993 3,604,402 47.585 313,733 3S3,390 1,266,654 297.040 281 50,668 84,726 Net book values at 31 December 2021 •t 31 December 2020 24,085,151 3,703,209 1,254,933 26,467,438 3,750,791 999,031 67,294 64126 2,493,021 31,604,456 1,539,OB6 32,833,tsJI 8,529 Lon¢ FM•h¢ld l•l￿OId Land & L•nd & Motor IT Property Bulldlrws BulldlnKs & FlitSwJ Vehlcl•s Capitshsrtlon O•vtloknent Tot•1 Headquarters. Nbsmlth Cou RetlremEnL Holld•y Homes & other properties & vehlcles M155ionory ond Staff FSousln8 New M15$1on•ry Housl Hopè Communhy Homes Ten•nttd Properties Chrlstlan Centr•s 5.636.233 474,342 444,308 15,133,438 2,705,357 308,525 67.294 2.493.021 9,116,041 18,147,320 1,377,736 559,784 421,471 137.659 1377,959 102,039 364.441 24,085,150 3,703,209 1,254.933 1,377,736 1,118,914 1,844 439 2.493,021 31,604,450 67,294 51

THE LONDON CITY MISSION NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Lo Freehold Leasehold Land & i•Thd & Filfvres Motiy Propertv Bulldlhy BulJdlTry & Nttlny Vqhid•5 tspll4lls•Upn Developmmt Ch•rny Tot•1 C05t orvolu)tlon t l Jinu•ry 2021 Transfers Addltlons Dlsposa15 at 310ecember 2021 27.918.406 4,056.599 L951,953 314,423 11,240,386> 322,500 I6,￿7,998) 116,5401 20,932.521 4.056,599 2,521.587 297.883 102,184 144.830 54.488,395 11.240.386> 87,080 1,029,050 1231,9101 16.316,4481 27,960,611 569,fj34 49.836 152.020 Depreclitlon •t l Janwry 2021 Dep'n ellmin•ted on dlspos•l Dep'n ellmlnated on ironsfer Chir8e for perlod t 31 Oetern￿r 2021 1.450,979 152.0151 1418.4561 221,735 1.202.243 305,805 9S2,921 305,894 19,1351 34,058 3.049.657 161,1501 1418,4561 634,002 3,2ts1,053 47,585 313,733 281 353.390 1.266.654 297.040 50,668 84,726 Net book values tyt 31 December 2021 at 31 De(emkr 2020 19.730.279 3,703,209 1.254.933 26,467,436 3.750.791 999,031 67,294 68,126 24,756.558 144,830 31,438,743 8.529 Fr¢ehold Leasehold nd& nd & Hxtur•s Motor Prop•rtv Bulldlnp & FlttlnBS V•hld•s c•Pft•116•tl￿ Dev•lopm•ht Tothl Hebdqubrters, Nasmlth Court. Retlrement, Hdldèy Homes & other propertle5 & vehlcles Mlsslonary and Staff Houslnl 3,794,634 474,342 444,308 67,294 4,781,621 14,928,121 2,705,357 308,525 17.942,CQ3 Ten8nted ProFertles Chrbtl•n Certres 559,784 421,471 137,659 447,540 102.039 364.441 19,730,279 3,703,209 1,254,933 L118.914 914,020 24.7S6.558 67,294 The Charty dlsposed of materlal amount of Property a5 P•rt of Its Investment In the new tr•dlng substtharv LCM Property Holdln85 Lid durlng 2021. 52

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 5b. Group •nd tharlty Softwarq Cast or valuatlon at l J•nu•ry 2021 Additio Dlsposals It 31 Oecember 2021 303.763 303.763 Amort15Otlon t l January 2021 Amort15atlon ellmlnated on d15ptss•I Chbrge for perlod t 31 Oecember 2021 75,941 43.395 119.336 Net book v4lues at 31 December 2021 184.428 at 31 Oecember 2020 227.822 Group lThv•sl•c and COIF Pn>p•rty Tot41 Valuatlon at ljirtuary 2021 Addltlons DIsP05a15 Trin5fers at book value Net rea115ed11055esl/ialns Net unreollsed Ilosstsl/g•lns Valuatlon at 31 December 2021 Coit It 31 December 2021 3,086AOI 857.260 11,624,174> 967.QXI 1,627,554 12,398,5921 11,65D.(MJOI 1,940,586 27,967.999 32,021,450 2,484,814 15.672,7661 1,940.586 328,f 4,739 986 35,842,678 9.521.881 328,60B 20,040 2,668,499 4,704,614 32.963,199 6.983,584 210,980 J97 414 Inv•51m•nt In Ch8rlty IrbV•St•c C•5h ind COIF Prop•rtv LCMPH Totsl V•lu•tion at l J•nu•ry 2021 AddithJns D15pos•Is Translers atbook volue Net realised Ilosse5llgains Net unreallsed Ilossesllgalns Valuatlon at 31 December 2021 Cost al 31 Deceffl￿r 2021 3,086,401 857,260 11.624,1741 967.050 J.627.554 12,398,5921 121,890,0(KII 1.240,386 27,967,999 32,021,450 19.384,840 125,912.7661 1.240.386 328,608 2.365.571 29.428.089 25.838.709 16.9C#J,026 328,608 20,040 2.668.499 2,340,883 2.330.200 9,648.585 6,400,386 210.979 197,414 16.900.026 16.900,026 LCM holds 8 %￿de range of Investrnents managed by Invtstec and COIF. At yebr end 46%12020.' 45%) a￿ overseas Investments. 53

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Unrea1I5ed 8alns on property repre5ent¥oin5 on revaluations Of investment propertle5 to morket value on the basls of Trustees e5fjmate5. In the tase of properties that have been transferred from tan8lble Ilxed assets thi5 year, this is a revilu•tlon to m•rket ¥•lue from depreciated historic cost. London Clty M1551on Property Serte5 Ltd Is • prlv•te company Ilmlted by iuarantee Ithhout share C4pItsI Icompany No. 098815331 thkh Is controlled by LCM. Al rst•ttd 20ZO 2021 Turnover Expendlture Defi¢ll for the y¢ 182 17,9301 ,748 658.004 243,211 414,793 Totsl Assets Total Uèbllltits N•t fvnds 316,J69 346,2851 30.116 1,615,931 12.185,4441 S69￿13 A prlor year Idlustment of £345,927 been r¢¢oinlsed In respttt ol property devebpmeDt costs kh were txpensed r•therthan c4plt4llsed In 2020. These expènses were caF4tallsed In the tr•nsfer ol•$sets from ICMPSto LCMPH In 2021, hence expenses h•ve been reduced In 2021 •¢count5. LondonCItyMlsslon PropertyHoldlny Ltdls a prfv•te Nmrted comp•ny ICompanyNo. 12320018lwhlch Is controlled by LCM. Durln¢ the year, a5 Plrt of the th•rh¥'s properly str•tegy a number of Proper￿￿$ were trin$ferred to Its tradln8 sub51dlaryi LCM Property Holdlngs Llmlt4d. Propertle5 were transferred at vilue5 •ppro¥d bythe Charlty CommlssloTh. In 50m* uses. where propertle5were held Is Investment propertle5 In thE charlty, the values used lor tho transfer were less than the urrylrw value In the ch•rfty. As there has been no loss to ihe group thÈ dlfftreThte ￿tween carrylng value5 and value5 U5Ed lor the tr•nsfer has been reallocated tothe IDvestment In LCMPH. In the charfty's balance sheet. 2021 Tumtsver Expenditure Defictt lor th•y••r 1375,0 2 375 000 Total A55ets 36,16B,239 134.103.2591 2.064.980 Net Funds 54

THE LONDON CITY MISSION NOTE5TO THE AccouKfs FOR THE YEAR ENDED 31 DECEMBER 2021 2021 fjroup 20ZO Group 2020 Chartty Ch•rttv Cosh due from legacles Cash due from stockbroke Staff lo•ns Ind season tlckets GIft￿d tax recoverable Insurance premlurns prepald Penslors costs wepald Minlstry prepayment Other prepayments Intercompany balance5 Other debtors 1,434.981 995.333 1,434,981 999.333 14,828 46,730 51.011 7,755 43.B41 42,961 10.768 3,826 40,926 5,535 442.327 1.597.272 14,828 46,730 51,011 7,755 43.841 41961 10,768 3.826 40,926 1,976,857 332.703 3,448,970 3.826 $4,671 3,826 54.671 17,e92,792 171 453 18,870,292 809,tsJ4 2,415,051 D•btors f•llln8 due In more than oneyear total £17,092,79212020'. nlll Amounts falllwduewlthln one ye•r'. 21 Group 2020 Group 20ZI tharlty 2020 Ch•rtty Ac£rua15 T•x •nd so¢l•l seturfty Trade creditor5 Rent deposlts & deferred rent recebvable Llle 1ssur•nce 5¢heme other Credltors 416,599 101189 199,836 87,077 763,878 84.398 202,496 76,153 76,873 102,189 177,056 87,077 3SO,457 84,398 182.696 76,153 4,044 116.8501 65,978 116.8501 65,978 875 723 1114 120 513,216 680 899 8b. Amounts fallin8 duelrn more than one yw.. zozi Group 2010 Group 2011 Chirtty zozo Bank108n I.0￿,000 2,CW,000 I,cw,oco 2,LbJO.C#JJ 2,CW,QOO i.cw.000 The bank loèn Was agreed In 2020 lor £2rn of whl¢h Élm w•s drawndown in 2020 and the remalnln8 £lm drawndown In the year. Capkal le￿Yments are due tg start In January 2022 repayable In M￿hlY InstalemThts over 9 years wlth a floatlnK Interest rate. The loans art sttured by way of char¥es over the freehpld l•nd and buildlng5. 55

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 LCM operates a closed fvThded pension scheme. The scheme 15 a defined benefft stheme for all quallfviThi employees who elected to loln ihe scheme. The a55ets of the stheme ale held separatety from the osset5 01 LCM. ContrIb￿tiOnS and cost5 of the stheme are Charged tothe Statement ol Flnon¢lal Actl¥ltles so a5 to spread the cost of pensloThs overemployees. worklng Ilves vAth LCM. A forniil triennlll vèluafjon ol the Sche￿ was completed as ot 31 May 2020 by the scheme aCt￿ry and th• valuatlon method used was ihe ProhÈcted Unlt Method. The May 2020 vilL￿tIon showed ihat the marketvalue ol tht scheme's fyssets w4$ £5,392,00012017 - É4,498,0001 e¥cludln8 Insured pen51oTher5' a55ets and th•t the actua￿•1 vllue of those total assets represented 67%12017- 63%) olthe beneflts that had accrued tomembers. fter ollowinÉ for eypected luture Increases In earThin¥s, The deficlton the schemefundlnl bas15 was £2,696,( 12017. £2,655,OC#)I. In ihe agreed re£overy plan an illowance for the Impact of ch•nge5 In mark tondltltrns $ln¢e the v•lubtJon dit• Iprlmjrlly ln respect of In Increase In bond yleldsl redu¢¢d the fundlni Shortfall to £L373,orpJ •$ It 31. May2021. Theboard h45 BUthorlsedcDntrlbudonsof £528.232to be pald i ytar In irre8rson 31°August 2022, folowed by £544,079 OA 31. Auits$t 2023 and É196.CJO OTh 31fj A￿U51 2024 15 P•rt of the recovery plan. LCM and are seekln¥ Insurers to Qu￿ for a bulk 4nnulty wrchase before th• recovery plan lsluly Implernent•d. The Jctuiry carrl•d out • further full vbluatlon of the xh•me Is It 31 December 2021 to yodU￿ the Informallon re4ulied under FRS lQ2-Sectlon 28 Dlsdosur Report. The Issets Inlhe xheme were as follows.. 2021 20ZO 1019 1017 Equltles Bond5 •nd illts Dlverslfied qrowih fvnd5 Cash Insured pensloners Total market value of Jmets PreseTht value of xheme 731 3,517 5B7 3,092 616 519 3,145 518 356 6.676 11.214 4,207 741 100 5,741 Jl,639 3,931 142 6.B88 12.288 287 6.676 11,892 6,270 10.769 111,1251 15141 112.3091 112,1541 111,0851 111,9831 Ch•nie5 in •sset ¢elllnq Deficlt at 31 Oecember 1211 12621 13161 17691 ATr)ty*s of theamounts char4ed to resources expended would be.. 2020 £'ooo Expenses Analysls of the amovnt credited to penslon finance Income would be,, 56

THE LONDON CITY MISSION NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Interest on pension 5cherne liabilities Emperted return ¢)n penslon xheme assets Losses on settlements 11821 12441 242 12211 AThèlys15 of •ctu•rlJl10$5: Olfference between actual and a55um•d retum ¢n asset Experlence110551 on obllffions Change of ba515 ialnlllossl on obl4tlons Ch•n¥es In asset iellln Artuarlal 8alnll10s51 on oblatlons 17671 11421 1,107 (sl4 316 876 93 11,0681 Movefflent In deficltduilniiheye•r'. 2021 Deflclt èt l Janvory 2020 Expenses ContrIb￿konS PeTrslon Ilnènce Income 12621 334 563 12221 991 20 1316 Dellclt at 31 Deternbèr 2021 2020 £'Mo 2019 2018 2017 £'O(K £'(KJo Dlfference between the expecl•d Ind actu￿ return on 5ch•me iss•ts amount percent•8e of scheme ￿Sets 17671 16.6%) 876 7.1% 832 7.0% 17511 17.0%) 140 1.2% Exp•rl•n<• 141n/lloMI on Ob￿￿10￿9 •moynt percentaKe of scheme liabllltles 11421 11.3% 93 0.8% 39 0.3% 462 3.9% 10.2%> rotsl èdu•rl•lplnll10511 amount perc•nt48• of scheme Il&bllltses 13161 I2.￿Al 1991 14301 10.8%1 13.5%1 550 4.6% ofa 91 December 2021 31 D•£•mb•r 20ZO Present vilue of obllytlon at be8lnnlD8of ye$r Interest eost Benefits pald Chèrrtes pakj 12.309 182 14001 12,154 244 14211 19661 975 6431 12.309 L)abiiities extlngulshed on settlements Present Val￿ of obllptlon at end of year IL125 57

THE LONDON CITY MI5510N NOTES TO THE ACCOVNTS FOR THE YEAR ENDED 31 DECEMBER 2021 31 Oe¢ember ZOZI 31 December 2020 E'ooo 11,892 242 563 14211 876 864 12,288 Falr value of scherne assets at be8lnnlng oly*•r Experted return on scheme •ssets ContrtbJtlons Benefrts pald A£tUaTlal 8oinlllossl on 5theme •$sets Assets dlstrllxjted on settlements FaIr￿lue of Scheme 055ets at eThd ol wr 11288 334 14WI 17671 11.639 io. As • regl$twed ¢h•rtty, LCM Is not Ilable to tsxa¢k>n on Its Income from thirftible •clIv￿les. Intomt t•x15 recovertd on th5 donated bysuppfftrs underthe fjlft￿d Scheme. 58

THE LONDON CITY MI5510N NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Group B•l•n¢e Bèlan 31 D•c 2021 ljan 2021 D1¥Po￿ls Trfs Add111￿$ D•p'n Headquarters, retlremenL other PTopertles and vehlcles 8,260,3Q6 Misslonory and 5tth hous1￿ 17,833A89 New Misslonary Housln8 Housln8 for thè M•rziThalised TeThonted propertles Chrlstlan Cefflres nÈt4dAss•ts (Flxed Assets less Debt) Investment pr¢JPerty MlnlstrySUStalnablllty Pen51on d•fitit 1473.9771 1840,3861 1,973,567 1154,9091 8.764.601 1186.0001 I4￿,000) 1,141,133 1241,3021 18,147,320 1,391.652 1.385.935 2.327.36S 113.9171 L377.735 30.316 130.7601 1,118,914 48,312 1107.0381 1,568.439 1266.577) 17c￿,200) JI,IX747 19W541 11.940,5861 3.193J28 1547.9151 30.977,010 11.YO,5861 1,940,586 19,500.000 11.5DJ,0001 1,000,000 5,000,0 3,500,000 I,ooD,000 54,198,747 24,000.000 2,SOO,000 S7,477,010 4.367,140 8,193,328 547.925 Tr•nsfers represent the reallocatlon ol prowrtl•s, It b?¢* v4lue. between fvnd5. Ch•rlty l•n¢e ••l•nco

1 D¢¢ 2021 I 2021 Trfs AddItI￿8 He)dqu•rters. reiiremen othèr wopertles •nd vehIc￿5 B,260.306 12,408,4501 1840,3861 Mlsslon•ry and $tafl h)usln8 17,833,489 1409.0001 14CQ,0001 Houslng for the Mar&nallsed Tenanted propertl•s Chrlstl•n cefit￿$ 809,288 11291 5,820,629 141,131 1223,6181 16,942.M2 1.391.652 11.468.9601 1.385.935 1266,5771 2,327,36S 1,763,460 31.198,747 316A47 77.30B 130,7S91 1,118.916 22,802 635,021 154J96 3D.317 48,314 1.029,050 24J16 568 Thlslund representsthe orrWnKv3lue of wopertlÈs and other tan8lble flxed a55ets whlch are usedfor ¢h•oiable purposes. Includln8 LCM'S larKest •$5el Na5fflIth Hcuse. afid is not avallable to spend ors the 8ener•l runnln8 01 LCM. Nasmlth Courtflats no longer remaln wlthlnthls fund as they are now helj as Investment propertles. 59

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Thlsfund repre5ent5 thevalue of re51dential propertle5 used to house LCM staff, Property whith Is not currertly needed to house staff and Is belni rented outto partnerorynlsatlon5wIth 51mllaralmsorto prlvate tenants Is Included In theTenanted Prapertles FuTrJ. TNS fund Includes the tost of sfjx propertles In Brfxton whlch are used to provldE hou￿￿8 •nO support to the vulnerably housed Llnder the banner of Hope Communlty Hornts and • $ln8le Pf4)perty In Cross, known •$ B￿￿et House. Al 31 December 2021, there were no propertles Intended lor m1551onary hou51ni that b%Yre underoffer. The trustees expect to desl8Trate lunds lor new mlsslon•ry hoyslng Irom tlme to tlme. Thlsfund Indudes houses Ind Chrlrtlan Centres not ne¢d¢d atthe presert tlmeforhw51n¢or mlnlstry needs, Ind are belrtg rented out untll Such tlme thot they can be used dIreCt￿ by LCM. Rented out propertles thit•re consldtred to be held soletyforthe purposeof finlnclal i•ln •re held Is Investm•nt Proptrths. Th15 fund represent$ the value of the Centres used In the Ictlvltles of LCM as well as the re51dentlal accornmodatlon on the slte Jnd other tan8lble fixed B55ets. Chrlstlon Centres Currently not bdng used by Lcmformlnlsiry purposes andwhlch arerented outare#tnr•lly classWled aslnvestment propertle5 bec•usethey are held solely for ftnandèl yln wNlst one Is classlfied as è Tenanted Propertv. The mlnlstry sustalnablllty fund wis creited It the end of 2020 to fund nèt expendlture before Investmentswhlch makes up Most of the pr¢letted annual cash 5hortlall, and In doln8 $0, keeps LCM'S mlnlstry Sustslnable at ￿'star￿et $lzt. In Ilne wlth the Loni-term Flnanclal Sust•ln•bility Object￿, the fund15 experted to Stejdlly reduce overthe next Ioyears. A5 th15 fund Inevthblyreduce5, the planned nttds of LCM wlll be met bysteadily kncrea5Ing donatlon Income.11 don•tion In¢ome does not Increase overthe cominiyear5, the ambitlon for LCM'S gospel minlstry wlll InEVit•bly need to reduce. It Is expected that the mlnlstry SU5tolnabilitylund will be •dJ'usted each year In Increment5 of £0.5m.

THE LONDON CITY MISSION NOTESTO THE Accouiifs FOR THE YEAR ENDEO 31 DECEMBER 2021 Pensbon denclt HO￿n8 revlewed the trlenThial actuariol v•kbation of tht dosed pension scheme Ind the FRS 102 - 5ectlon 28 Dlx195ure Report foi 31 Decembtf 2021. the LCM board have de51inated £2.5m1£3.5m IA 2020 to dlmlnate the defKit ot a tlme in the fut￿re. dependent on the considerations of ihe Board. Intludl￿ but not Ilmlted to. prevollln8 rnarket conditlons. 12. B•lanc• 1 J•n 2021 Net mov•m•nt B•l#ne• 31 O•c 2021 Group G•n•ral rnserve1888 penslon defidl 8,311,604 65,795 8 245,809 BalAn¢• 1 J•n 2021 N•t mov•m•nt Bal•n¢• 31 D•¢ 2021 Chaity G•n¢r•l r•Mrvo le88 pension d•fidt 10,999.064 13. trlcted fu Gr￿P •nd char Trffrom B•l•h MS•m JI D•¢ ZOII l J•n 2021 In¢om• Inv•stm•nts Exp•ns•i Grlnts LCM Plonttrs Retlred fund. Property Hollday hornesfvnd Rellef fund- Propertv Rellef fvnd- 6ener•l Restdcted Chrlstl•n Centre lund Re$trirted mlnlstry fund 40,536 86,175 140,5361 186,1751 13,8201 355,Z60 711,380 279,000 40,680 348,848 4,fr)0 11.547 151,070 426.483 1,541,340 935,105 J51NqO 819.925 276.tx 75,716 15,547 IY2,864 1711503 21,516 87,029 13,IXIOI 1313,7511 1404,6881 87,029 1851,9711 Oonatlons re£efved specffkalty a5 a contrtbthion towards the employment and tr•lnln8 01 th¢ LCM pIt￿eerS ore treoted 15 restrlettd •nd •re offset aiainst such costs. Set up a5a5eporatelund in 184610 hetp mlsslonorie5who could no lon8erwork.thethJndtodayenabl*s Bllowèntes to be pèld to retlred slaff retlred before the estsbllshmeni of Lcm's pensknn scheme In 1993. Th1$ fijnd 0150 tovers the runnln8 C05t ol propertie5 used to house rdred stsff. The value DI thls fund 1$ ￿presented bythe book ¥alue of the two propertles contalned wthln thls fund. 61

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER Z021 The Irst hollday horne in Ventnor, l$le ol Wi8ht. was dtsnated to LCM In 1869 and the fund's PLJrpost was to ensure missionaries and thelr famllies tould enlw a bre•k from the pressure of urban mlsslon wort(. The board declded In 2012 th•t the praptrtles tssed for hollday homes should be 501d and the one propertybeloniinlto the Fund wis sold In 2013 wlth theproceeds transferred toa Rertrftttd Fund to Set aKalnstihe Penslon Deflclt. The balance of the fund Is represented by Investments and It Intended to transfer the bal•nce to ihe Retlred Fund lor the benefft of retired mIssl¢Mir￿S and ￿lff. R 11 fFund Fromthe eJrlyd•ysof LCM. the desperate need ofthe peopleomoni$twhomthe mlsslonarlesworked beciffle oppaient. supp￿ters of LCM spedlcally sent donat10Th5 to help the needy thai thty re•d or heard iboutfrom mlssk+rb?rle5' reports and a relleflund was est•bllshed. The Fund now15 represented by Ihe Webber Street Centre. ftestritt*d These fvnds represent auregjted sm•ller don•tlons ihat are rejtrtcted for LCM'S work throuth Chrlstlan Centre5 or other mlnlsifies. 14. balanc• 31 Dec 2021 Groupand Chirhv l J•n 1021 14•t mwom•Tht Perpetual trysts 1,242,082 9,328 1.351,410 tual tru$ Theseconlstof4 Thumber olsepaTrtelund$e511b115hed durlngthe hlstoryot Lcmto pvovbde èn lThcome t0￿r￿S the on"ioln4 C05t$ of p•rtkul•r •$w¢ts of the MlOon's work. The de￿or5 ￿ve In515ted th the caplt•l cbrbnot be sptnt. The Income iener•ted has been used 84aln5t the Mlary costs of the de51gnated mlnlstrtes. The movernent solety relates to the movemont In th• v•lu• of the Investrnents. 62

THE LONDON CITY MISSION NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 15. r¢ Fund balAn¢e50t the olyear are represented by.. A•strbrt•d Endowm•nt lunds lunds Group Unr•strfrf•d funds 2021 2020 T•nglble fixed asset5 Intangible flxed 8$sets Investments Current assets Current 31,504,455 31,604,455 32,833,(￿1 184A28 184A28 227,822 32B79,764 3.929.895 1875,7231 1,711.503 1,251.410 35.842.677 3,929,895 1875.7231 32.021,451 2.Y6.924 11,114,120) Ii,CW.Lh)01 121.3081 65.293,770 Lon8-term debt I2,OC￿.000j 12,000,0(KII Total net •ssets 65,722,819 1,711,503 1,251,410 68.685.732 ReJtrlrt•d Endowffi•nt fvhdi lunds Charlty 2021 T•n8lble flxed assets Intanglblefix•d •ssets Investments Curreni assets Current 24.756.564 24,756.564 3L438,743 184.428 184,428 227.822 32,021,451 4,176.963 26,465.177 1.711,503 19.247,903 1513,2161 1,251,410 29,428,090 J9.247.903 1513,2161 1660.8991 11,000,0001 Long-term debt Penslon Ilabiiiry Total net osset5 12,rAo,0001 12.000.000) 68,ItKI,854 1,711,503 1.251,410 71,103,768 66,162.772 63

THE IONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 16. mln Unrestrfcted RostrSrt•d Endowmant lund5 futyds lunds zozo Totsl INCOME Voluntary Incom• Donation5 leycles Grants Incorn•from Ikwethents Incomefr¢m thadtable actl¥ltles Gujranteed payments and trodlng recelpts It tafé5, HQ 8ookroom and at Chrfstian Centres In¢om¢from oth•r trldlni acllvllle5 Rents Fees & other £h•rie5 oth•r Incom• Net lain on sole ol t•wlble fixed a55¢ts TOTAL INCOME Expend￿￿re on ralslni fvnds Management of rented propertle$ Fundra151n8 Ind supporter r¢l•tlons Invesiment manaiement fees 1.597,505 1.151,032 764,439 2,361,944 1,151.032 177,104 677,546 177,104 14,266 663,280 101,969 59,839 161,808 461,248 461,248 56.004 791,143 4.822,181 L015 648 791,143 5 837,829 337.445 525,001 337,44S S25,001 13,921 876,367 876 367 14Ef INCOME AVAILADLE FOR CHARITAOLE OBJECTIVES 3,945,814 1.015,648 4,961,462 LXPENDITURE ON CHARITABLE AcrivmES Ml$slon •ctlvttle5 LCM Ploneer5 Tralnln8 and ¢hurth development Clty Vlslon, Clty Challen8e ind Vthn Tr•¢k Chr15tl•n Ctntres Retlrement houslniand other costs Rellel to needy Hope Communlty Hcthes Tradlnl costs èl ra1É5, HQ6ookioom and at Christlan Centre$ Chrlstlan Centre development5 TOTAL CHARITA8LE EXPENDMJAE TOTAL EXPENDITURE 4,918,341 177,981 296,635 115,516 1,561,012 236.033 405,288 83,059 537,820 72,611 5,856.161 250.592 296.635 115.516 1,561,012 239,853 40B,288 83,059 3,820 3,LbJO 38,600 151.774 7 984.239 J 017.251 8.860,606 1,017 251 38,600 151774 9,001,490 9,877.8S7 NET INCOMEIIEXPENDITUREI BEFOAÉ INVE5TMENfGAINs/LOSSES R￿lIsed net galn$ on Investmersts Unreollsed 8alnslllosse51 on Investments NeT INCOMEIIEXPENDITUREI BEFORE TRANSFERS Transfer between fvnds NEf INCOMEIIÈXPENDITUREI AFTER TRANSFERS Artuarlal Ilossesllgalns on defined beneflt penslon scheme NET MOVEMENTIN FUNDS RecoNCILIATION OF FUNDS Total funds brought forward FUND BALANCES CARRIED FORWARO 4 038 425 350,276 3.171,142 350,276 3.135.491 32,736 ,915 517 007 34,339 2,915 554,261 517 007 2.915 5Y.261 199.0001 616,007 99,0001 653.261 34,339 2.915 63 126,354 1.575,679 62.51D 347 1 YI,340 1,244,998 65.947.031 1.242.083 65,293,770

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 17. mmltme Thert•re no c4ptlAI commrtments 85 at 31 Oecember 2021. A5Jt 31 lye£embEr2021, LCM ￿SIn dlxusslonswltha number of devdopwsto pur¢haseorenterlnto development 18retments for • rwmber of properties. Any rnatert•l ch•nges from these ne¢otiitlons wère refiected bytheTrustee5 ￿ffi¢n r&valuln¥ prOper￿e5. 19. Totsl (ommltments under r￿n-￿Tr¢e11ats1¢ operJtln¥ I￿seS for photocoplefs, •nd office eq￿p￿Trt computtis whlch explre.. 3¢>XI Wlthln oneyeaf 8etwtÈn two and t￿¢ ye•rs In more than five year5 20,219 20.106 17,783 21,189 40,325 38,972 65

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEM8ER 2021 19. Group •nd tharity NQ5tsff IT. and Ptnslon ￿￿lIfe In%ur•n¢e Totar M3nJgement of rented propert(es FUndraIsi￿ and supporter relations M1s5iOn a£tlvtie5 Chrlstt•n Centres RetSrement houslng Clty Vlsion and C+ty Challenge Relief to ihe nttdy Oevelopment of Christlon Cèntres LCM Ploneer5 Tralnlnt and church developmént Hope Communrty Home5 Total 103.278 218,904 1.055,961 110.178 B4.063 112,902 192.331 37,763 204,306 228,552 66.190 2.414,428 49.288 34.241 821.869 84,711 40,118 12.422 128,360 3.260 155MX 13,144 266.289 107,019 1,984.849 11.415 206,3Q4 128,835 126.400 339.OJ8 37.713 11,147 203.3M 11.147 317,600 3.378 gJ.174 181,807 3,946.463 76 18.367 77.902 77.901 23.606 1.350,418 Head offlcè staff IT. HR, olftce supplles Departmentsl costs Insurance Premlses 360.462 203,068 112,601 674.287 1414,428 Pen51on ond Ilfe Insur•n 1,350,418 181.607 3,Y6,453 20. The￿ w•re r0 related yrty tr•n5•Ctlons In theye•r In resportof B04rd members and Men￿+TS of thè Leadershlp Te•rn. 21. Twelve12020'. twelve) tru$tee5 made do￿￿onS the yeartOtsllln8 £67,90912020.. £103,7051. 66

THE LONDON CITY MISSION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 22. The bdow Cha￿ty Statement of Flnanclal Actlvitles relates to the Chorlty onty. ¥nd 50 excludes the attivjties ol the 5ubsldlary undert•klu. Urréstritted Restrfded Endowm•nt lunds funds hthd5 INCOM Volunlarylnu>m• Donatlons 8acies Grants In¢ome fmm lTr¥e5tmenis Income Irom th•rlt4ble a¢tM¢i Gv•ranteed payments ènd tradlng rttelpts at café5. HQ BookroDm and ot Chrfthan Centres In¢ome from oth•v tr•d￿ art1￿11•$ Rents OEherlncorne Fees Ind othèr charses •nagement fees Net on sale of tan¥llAe flxed •ssetS TOTAL INCOME p•ndltur• on r•tslnrf fvnds Man•Aement of rented pr¢pert￿S Fundraislng and supporter relatlonshlps Investrneni m•nè4ement fees 2020 Tot41 To¢•1 2.325,553 2.IS6.027 È73.053 3,198.606 2,156,027 40.536 650.304 2,361.943 1,151,032 177.104 677.546 40,536 21.516 628,789 19,514 19,514 161.808 481,493 481,493 461,248 so.000 9,1)JO 791143 5.840.825 5,251,791 10,863.166 935.105 5 251791 11,798 271 345.732 619,8C9 12.175 977,716 345,732 619.809 11175 977,716 337,445 525.001 13,921 876.367 NETINCOME AVAILABLE FOR ChARITABLE oBJÈcnvES 9 885.4SO 935,105 10.820,555 EXPENDrniRE ON CHARffABLEACTIVITIES MlssloTh actl￿tIeS LCM Ploneers rrèlnlng •nd church development Crty Vlslon, Cltv Challenge •nd Urban Track Chrlstlan Centres Retlrement housln8 •nd other¢05ts Rellel to the needy Hope comM￿￿ty Home5 Tradln8 Costs at calés. HQ Bookroom •nd•t Chrtstlan Centre5 Chrlsiion Centre developments TOTALCHARITAbLE EXPENorniRE TOTAL EXPÈNDifvRE Nrr INCOMEIIEXPENDITUREI BEPOAE INVÉSTMEPIT GAIN5ILOSSES Rea115ed net 8alns on investments Unreallsed Eains/llosse51 on investments NET INCOMEIIEXPENDITUREI DEFORE TrANSFEftS 4 964 457 4,384.712 207.180 325.426 125,420 1.401,494 371,226 435,759 93.174 758,976 86,175 5.143,688 293,355 325.426 125.420 IAII,494 37S,046 438,759 93,174 S,754.344 250,592 296,635 IIS.516 I,S61,012 239.853 408,288 83,059 3,820 5,641 $4,980 7 40S 012 8,382,728 5.641 54.980 8,256,983 9 234.699 38,600 49,817 8 797,716 9 674 083 851,971 851.971 2,480,438 328.608 2,268.629 5.077.675 83.134 2,563,572 328,608 9.328 2,364,986 9.328 5.257.16S 3,833 258 350,276 3.135.491 1347.4921 87.029 170,163 67

ThE LONDON CITY M1S510N NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 22. Icontlnuedl Unr•strkted ftostri(t•d E•bdowm•nt funds lund5 fvnd5 2021 Tot•1 Nrf INCOME/l￿PENDlTURE￿ BEFORÉ YftANSFERS Transfer between fvnds NEfiNCOME/IEXPENDITUREIAFfER TWISFER5 Attuartol Ilossesl/Bolns on defined beneflt pensknn scheme NET MOVEMENT IN FUNDS RECONCILIATION OF FUNOS Totsi funds broughtlorward FUND BALAhKES CARRIED FOAWARD Tot•1 5,077.675 170,163 9,328 5,2S7.165 1347,4921 5,077,675 170.163 9,328 5,257.165 1316.175 4.76L500 170,163 316.175 4,940.911 9,328 199,0 1446.492 63,379.349 1.541,340 68,140.849 1,711.503 1.242,083 66,162,772 1.251.411 71103.763 66,609,264 66.162.772 68