2023-12-31-accounts

REGisfERED COMPANY NUMBER: 00917145 (England and Wal•sl REGISTERED CHARITY NUMBER: 250306 REPORT OF THE TRUSTEes AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2023 FOR NEW TESTAMENT CHURCH OF GOD

NEW TESTA￿NT CHURCH OF GOD CONTEpifs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Referen¢0 and Admlnlstratlv• D￿•11$ 1 to 2 Rèport of the Trust¢e8 3 to 15 Report ol tho Indep•nd•nt Audltorn 16 to 18 stst•rn•nt of Flnanclal Actl¥ftlo• 19 Stat•m•nt of Flnanclal Posttlon St•tem•nt of Cash Flow8 21 Note• to tho Statern•nt of Cuh Flow• Not•• to th• Fln•nclal Stat•m•nts 23 tr) 30

NEW TESTAMENT CHURCH OF GOD REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023 AdTninistrative Blshoplchainnan.. Diroctor & Company Secretary.. Rèv C Grandison. Rev D A Weble Rev D A Allen. Rev S Anderson Rev D Barn6tt Rev G B88son Rev M Bradley Rev A Brown Rev L Cameron Rev C A Campbell Rev P Chambers Rev K Clarke Rev J Corfis Rav V Cox Rev M L CummSn8" Rev L Davis" Rev D Douglas Rev D Eccleslon Rev C James Rev Julia Johnson Rev A Johnson Rav O Johnson Rev Jancie Johnson Rev R Jtsnes R8v D lQng Rav R lQng" Rav R Kumar Rev P C Kurian Rev S Lindo-Ma8on Rgv B Marun Rev S M8th8w Rev P M8tth8w8 R8v R Maynard Rev l McKenzle R8v W S8aly Rev T A Smiih RevlRDS Rev N Stephenson Rev E SteTllng Rev R Sunday-lloma Rev T Taylor Rev W Taylor. Rev C P Thomas Rev S A Thomas Rev P Thompson Rev S G Thompson Rev J Walder Rev A N Walson Rev Donald W11118m8 Rev M Williams Ilk Rev E D Edwards" Rev H Edwards Rev K Erlnl8 Rev O D Francls Rev L Fr8ckleton Rev D Gldharry Rev P O Gordon Rev P N Gordon Rev C14arrls Rev T Hatton Rev J Haye" Rev A R Hayl63 Rev C Hudson Rev J W O J8ck8on Rev J Jackson. Rav L R MGLe Rev B Mulllngs Rav B R Nelson Rev l M Nkumu Rev S N Notice Rev G J Owen Rev C A Palmer Rev G A Pary. Rev W Perkln8' Rgv M Perrin Rev H Radway Rev E Reld Rev P Reynolds Rev C Rlley Rev P Roper Rev K Scott Rov G Wllson Rev L Woodstock Rev B Clevaland (app.. 011091231 Rev B Brooks lapp.. 011051231 Rev C Euslace lapp.. 01101123 Rev L B Davis lapp.. 011031231 R¢v N Dubid8d18pp.' 01106r231 Rev H G8rdner lapp.. 011091231 Rev E Ghunney {app.' 01105123) Rev S Jarrett {app.' 0110W231 Mr A McK8nzie lapp.. 011111231 Rev M Slmpson lapp.. 01102123} Rev N Turn8T {app'. 011011231 Rev Da￿d Wllllams lapp: 01111f231 Rev R Young {app'. 011021231 Dlreclors reslgned du￿ng the year.. Rev R Brown1291051231, Rev A Foster {301041231, Rev D Haslam {16107r231, R8v L Henry {retlred 31110123). Rev P Levene {31103r23), Rev N Petgrave-ATnos1311081231, Rev P Thoma5106103123) Dlr8clor8 reslgned 8lnce year end.. Rev E A Brown Ir6llr8d 31103r24), Rev V smilh105104124), Rev S Williams (17106r24) Exocutive Trustees resigngd during Ihg ye8r'. Rev H McKenzle1231081231 Rev A Watson {231081231 Executive TnJ81ee Page 1

NEW TESTAMENT CHURCH OF GOD REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023 REGISTERED OFFICE 3 Ch8yne Walk Northampton NN15PT REGISTERED COMPANY NUMBER 00917145 {England and Wales) REGISTERED CHARITY NUMBER 250306 AUDITORS Sh9w Gibbs IAuditl Limlted Chartered Certified Accountants Slalutory Audllor Eagle House 28 8llllng Road Northampton NorthaTnploftshlre NN15PJ SOLICITORS G80fftgy L•8ver 251 Upper Third Slraet Bouv8Tie Square Central Mllton Keyn88 8uck5 MK9 1DR BANKERS Nalwgst PI¢ Commerclal Banklng R8S House, Grange Park Court Roman Way North8mplon NN4 SEA Barcl8ys Bonk PIC Ashton Hous8 Buslness Centra 497 Silbury Boulevard Milton Keyn6s MK9 2LD P8ge 2

NEW TESTAMENT CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 1. STRUCTURE, GOVERNANCE AND MANAGEMENT Thg trustees who are also directors of tho tharity for the PUTPOS8S of the Companies Act 2006, prèsent their report with the financial statements of the charity for tho ye8r ended 31 December 2023. The trustees have adopted the provisions of Accounilng and Reporting by Charities.. Slalement of R8commend8d Practice appllcable lo charitles preparing their accounts In accordance with the Flnanclal RepoTting Stsndard applicable In the UK and Republlc of Ire18nd (FRS 102) {gff6¢Uv¢ 1 January 20191. 1.1 The Assoclatlon The New Testament Church of God I'NTCG I Is an Bssociation of local churches represented through corporate body vMth a centralised govemment. The church Teg1slered on 17 Aprfl 1967 88 a charity In Englanrl & Wales, Registsred No. 250308. The charity was eglablish8d as a chariloble company under ompany law on 4 November 1967 wlth a ReglstgTed No. 00917145 (the word Limited belng omltted by Llcen8e of the Board Df Tr8de). 12 Alm• and obl•ctlv•s of th• chU￿h The church exi818 to advance the ChTistian faith and for sueh charltable purpoges a8 the Dlrectorsrrruste8S 8hall from lime to Ilme dèclde. The prfnclp85 acllvlty contlnues to be directed towards the propaggfjon of Ihe Gospel accordlng to the Acts And Te8¢hlngs of lh& Churth of God, Cleveland, Tgnnesseg. U.S.A. 1.3 Int•rnatSonal Connactlon8 NTCG 18 an indepondenl regIsl&￿￿ ¢haritable company In Its financlal and admlnSslralive charactsr. However, NTCG Is BffilSaled to.. Church of God, Cleveland, Tennessee, USA, whlch Is a woddwlde OTgani58Uon of Churches In 8pproxlmately 179 counlrles wlth ovgr $&ven mllllon mèmbers. The 8lstsr churches abroÈd shar8 th8 same oblecdves 88 the UK Church. Thls report and the accounts do not reflect ihe affalrs of those organ15alon6. 1.4 Th• Obj•Ctl¥￿ of th• Church NTCG Is committed lo helplng people to discover Ihelr polenllal and live Ilfe lo the full a3 well as WOTklng lo expand and reach out to 88 many people as posslble wlh the message of the Gospel. 1.5 NTCG Str8t•gles for achlevlng Its ObJectlv85 Th8 church's objectives aTe achieved through evangell8m, advert181ng campalgn8. malntalnlng Mln18ffi98, admlnlslering the ordinanc88 of the Gospel, malntalnlng Churches, esl8bllshlng new Churches for worship. NTCG provid8s preacher8, mlnlslerg, teachers, ch8plalns and youth workers, leaders for adult ministries and pastors for the PUTPO80 of the statod objeGtiva$ of the church. whlch Includes the followlng acl1vl￿es.' al Wor8hlp and Pray8r- al 101 Branche8 In England & W8le8 bl OulreaGh progr8mmes - al 32 Missions cl Regional Bible schools - catertng for the educatlonal needs of our member$ dl Training for Pastors and Key Leaders el Training for local admlnistrations fj Day Care Nurserl88 gl Senlor Citizen8- Day Care Centr88 h) Youth Club5- Prowding training and racreation for youths 11 HospltBI visitation teams 11 Involvement in Chaplaincy ministn'es k) Drug Awareness progrBmmes in th8 Inn8r clty areas Page 3

NEW TESTAMENT CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 1.6 Impactlng tho Cominunlty The church is highly adaptive 8nd supportive. lislènlng lo and Sdentffying the needs of Its members and adherents. Individuals who attend the Church benefll from PTactlc81 help Ithth prayer, splrilual support and guldance through the many acllvities of the church. All our seNIGes are freg and indudg.. one to onè pastoral counselllng gSving splrilual and practical advice help thTough local branches offerfng Infomallon and support from tralned volunt88rs who have had personal experiences 8 webslle whSch allows anyone to acGe8s our Information and se￿¢èS onlln6 life coachlng. and relaliDnsh1p guldance personal altention lo crisis in homes, hospitals or prisons Educallon 81 satellite schools and the National Lead8rshlp Tr#lnSng Centre In Norihampton which opened In 2007. 1.7 Church 8orvlcgs aro hgld ao follow•: Our W8gkday Sèrvices To meet the specifi¢ ngeds tsf the congregation. Our Stskeholders face dally problems and somellme8 flnd It difflcult lo find someone who is able lo lend a listening oar or a helplng hand. Thus, these servlces are for paoplè lo volce Ihalr worrles IhroLsgh prayer, recelvlng words of encour8gem8nt and practical guldance Irom the Blble. Bran¢h8s locatéd In dlfferenl cammunllles provlde vartous wèekday and Saturday $8nhc63 lo cal&r for tha needs of th8 local communlty. Our SundayS•r¥lc• The Sunday 88rvlc818 dedlcaled to seek God the F8theT, HIS Son Jesus Énd tha Holy Spirfl for th$ r¢nawal of Spldlual slrenglh. They also inGludo d8votfon81 worshlp through slnging. Bible readlngs and prayer. The highlSghl of the servlce is the sermon. whlch not only impart8 the Word of God, bul address8s Issues of great concern lo our member3 and the communlty that the church $grvo$. Th¢ act of Hoty Commtsnion, d¢)¢tdnal and biblg t&a¢hing8 arè held regularly. 1.8 Worklng wlth other faith groups, org•nhatlon8 and church•• The NTCG is ¢ommitt8d lo working together wllh other organisations. Churches and faith groups for the benefli of the membership and the community. NTCG has developed 8 close WOTking relationship with the Church of God of Prophecy. We currenly have membgrship wlh the followtng organlsallons.. Evangollcal Alll8noe - The Free Churches Gouncll ChuTches Tog&lher In England 2. THE NATIONAL CHURCH Activities are reflected in the Ststement of FlnancSal Advltle8 In the followng w8yS'. 2.1 Local congregatlons, Sn the provlslon of church B•Thlcos & oth•r actTvltl•s Provlslon of Church sorvl¢oS: The Churchlcharity's primary activity is for the fvrtherance of the Chrfstlan faS1h. Sunday School.. Provlsbon of ChrfsUan Educatlon, PTacttcal support and training for the development of chlldren and adults for Chrfslian living. - Weekdays activitie5 Activities are organised for Ihe Youth, Women and Men. These indudes prayer. bible reading. singing, music. youth and senior citizens clubs. physical and other acuvlties lo meet needs. Educatlonal Lrternturo Page 4

NEW TESTAMENT CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Small Christian bookshops are run by some local branches to support the spiritual developm8nl of Indiwduals. Books and other learnlng resources aTe provid&J by some branches to aid the spiritual and social developm8nt of members. 2.2 Thère are three actlvlty Streams whlGh are: - The Provision of Church SeTvlce5 - Conf8renceslConvenllons - Departmental Programmes PROVISIONS OF CHURCH SERVECES (LOCAL CONGREGATIONS - BRANCHES OF NTCGI Tho stsndard local church actlvltles arn a8 follow¥: Sunday AM and PM - Churchès o￿n for one lo thTee servlces on a Sunday land Ilve streamlng) Monday - Momlng Prayer and FaslSng or Evening Activllies Tuesday - Counselling antjlor Evenlng Activities Wednesday - Cell Group Prayer or Advllles Thursday - Various Training Programm6S Frlday Dapartmenlal Minlstry Actlwdes S8￿rdaY - Programmes, Semlnars or Conventlon$ The local Churches provlde prayer. worshlp. leachlng and counselling sgrvices during the week. NTCG b$lleve strongly In laklng on outreach activiti88, helplng to care for and develop indi￿dUal3 in the communlty. The bTanches continua the work lo develop new ways of outreach and lo develop strong evang8llsm 188m5 who are committed and have a pa$slon to fiJrth8r the Gospel. By expandlng our communlty SeTvlce8 and groups. we Intsnd to banefll In new areas from our outr&a¢h 8¢1ivltle8. 2.3 confer9nc￿ and Conv•ntlon•: Natlonal conf•r•nc•8 and conventlon• -Nalional convenliong, conferences, 8emlnars. r•tro8ts and olh8r sport8 and educallonal meeungs lo meat the needs of the mgmbershlp. .Roglonal CODfer•nc•s and conv•ntlonB Reglonal Gonventions, conf8renc88, 8emlnaT5, retreats and other sports and educallon81 meetings to meal the ngods of Ihe m8mbershlp. -Dl8trict Conferenc0• and Conv•ntion8 District conVen￿On8, conferences, seminars, rolrosts and other sports and edUCa￿Onal meeUng¥ lo meet th? needs of the membership. .Local Conteren¢o8 and Conventlons Local Sunday & Weekday se￿¢8. convenuons, ¢onfer6nces. 88mlnar8, r8lreat8 and other sports 8nd educstlonal meetings lo ma81 the needs of the membgrship. 2.4 Fundrnl•lng Actlvftlo• to Support Koy Charltable ActMtIM: The Youth & Chrislian Educallon, Wom8n and Men departments all ralse funds to provSd8 resources, whlth enable the departments lo cater for the needs of the constilu$nt groups they serve wlhin the Church programme. The chadty, in organising national and local Conv&n￿On6, conferences and sgmlnaTS for rls members, also ralses funds to provlde resourG95 for these events. Page 5

NEW TESTAMENT CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 3. Organl8atlon818tructure 3.1. Govornlng documgnt The charity is controlled by its goveming documeftl, a deed of trust, and conslltutss 8 Imlled company, limlted by guarantee, as defined by Ihe Companies Act 2006. Th8 Church as an organisation Is gov&med by the Company's Memorandum and ArtScl8s of Association, General Assembly Minul8s and NTCG'S governance documents. The thurch is m8n8ged by a Board of t￿e1ve Executive DirecIoTS￿rusleeS that fomis the National Executive Council {NECI. Eleven of the tsvelve members are elected and have voung rfghts and the General SeGrgtsry who also serves on this Counul Is 8ppolnled, wlth no voting rights. 3.2 Nec structure and Tgnur• of Natlonol Charlty Tru8to88 The NEC consists of 12 members operatin9 with nol18SS than 10 8lected membgrs, tho olected Chairman IAdmlnlslraUve Blshop) and tho appointed National Sacratsry￿(OaSUrer (Company Secretsry and Flnanclal Dlrectorl. The process for electing the Executive Trustees is as follows: ol Natlonal executlve Councll INECI All Ordained Blshops are ellglble lo serve as a mgmber of the NEC. Blennl81 eledon8 aré conducted where 10 815hops ar8 elected to 8eNe for ￿0 years 8nd may serve for gighl ¢on$eGutSve years after bvhl¢h they are sub￿8¢1 lo a 2-ye8r compulsory brèak befor8 belng 8llglble lo seTve again. bl Chz41rmanlAdmlnl•tratSve Blshop AII OTdalned 8ishops are ellgSble for eledon lo serve 93 ChalrmonlAdmlnlslrafjv¢ Bl¥hop. Eledon8 are conductsd every four ye8r8 and the Incumbent may serve for a m8xlmum of three lenn8 (twelve year5}. cl Natlonal Sècretaryrrrnasurer Credential Minls18rs ¥￿th the relevant qualificallons & exp8d6nc8 ara eliglble for 8ppolnkn8nl to thls offlce. From lime to timg the NEC will appolnl a Natlonal SecrelaryrrT88surer who also serves 85 the Financial DiTector and Company Secretary. 3.3 Corporatè 8usln•g8 Meetlng8 Natlonal Executlvo Councll (NECI The Nat1onal Executive Councll meets at least four Ilmgs each year al one to four days buslngss sgssions. Mlnlst•rs' ConferonG• NTCG conducts an annual Mlnl8ters' conference lo deal wllh the ChurGh's admlnl$trstlv& 0para￿On9 and rellglous mallers. Annual Genoral Meetlng• {AGMI NTCG has an annual genaral meellng IAGMI followng the flngn¢i81 yo8r.ond of the Church. The AGM f8cllltales the megtlng of NTCG Directors {repr8senting 811 PBslDrs. the Company Secretary & Chairman). The AGM receives the Dlreclors. Annual Report and Audlted Accounts for the flnanclal year, 3.4 Re¢rultmont and Appolntm•nt of New Executlve Tru8te•s The recrullment Process lakes Into considers￿On ihe skSlls mlx requlred lo enhance the effe¢liveness of th8 Board. Profiles of ellglble Blshops arg providéd to Ihe body of Mlnislers, elect Ihelr colleagu8S to s8rv8 on the NEC. 3.5 Local Ch•rlty Truste AII 10¢81 Pastors who are Creden1181ed Mlnlslers and are In Gharge of Gherity 05s9ts are required to hold office as a Dlreclor of Ihg Church. The Dlrectors, In discussion with the Charity CommSsslon, are updating the NTCG AJticles of Association lo allow the 10 National Executtve Council members, plus the Admlnlstrative Blshop and Iho National secretary￿reaSUrer to be the Directors of the Charity. Once this Is finallsed all the other Directors VAII osked lo resign. 3.6 NatSonal Charlty Trustees The Directorsrrrustees at the local branches holding credent181 of ordained Bishop are automatically ellgible for electton lo serve on th& NEC as Executive Director￿ruSt8e of tt)e corporate body. Page 6

NEW TESTAMENf CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Executive Trustees are 81ected biennial￿ at the Ministers, conference by uedenlial Ministers who ar registered members of the church. lo serve for ￿ years. but may b8 rg*lecled to serve to a maximum of gighl yeaTS before hawng lo take a year compulsory break before being eligible lo serve again. 3.7 Electlon of tho ChalrnianlAdministratlve Blshop Every four year5 the same Ministers. conference elocls from amongst themselves a ChaiTmanlAdminlstrative Blshop who may serve for a maxlmum of three four year terms. bul is subject to an election process every four years. The National SeCTe1ary￿reaSUrer. Company Secretary and Financial Director who is appointed dDes not have votlng rights on the NEC and may seTve for an unspecified period. 3.8 Inductlon and Training of Trustees Existing TTUStees already have a good understanding of the charivs objectives and possess both pastoral and business leadershlp skills. New Twstees undertake a fomial induction progrdTnme, which 0￿￿]neS essential aspects of the charity. its govemance, its objects and how these are to be achieved through its Vislon and Purpose. Training will be provided accordlng to each individual Trustèe's needs and included in that trainirg are the responsibilities of being a Tnjstee. Tnjstees a￿ alsts made awar8 of other 8OUTces of information and guidance on how to be effective in th8ir Tole. 4. Rlsk managemont Continuous assessment is carfed out to prioritise the charity's risks and strergthen our resilience. The Directors review annually the major risks to which the Church is exposed and consider those rfsks are managed-, this includes operational and financial risks togethèr wllh major extemal Inlluences and events outside of the control of the ChU￿h. The NEC are PTinc1pally responsible for maintsining the register of key risks and ensuring these are documented and asslgned responslbility wTthin the rfsk regi5tsr. The princlpal rfsk8 identlfied by the NEC are as follgw5'.- 1. The data links belween HQ and the Training Offices 2. Third Paty non-disclosure and se￿Ce level agreementg to be Implementsd 3. The￿ must be an improvement in account management and access management 4. Staff require some secursty training eswcially in mathre avoidance and ID theft 5. Monitoring of data assets particularly outside working hours The NEC will review the risk register pgrirxlicalty and assun monitoring and specrfic actTons to be perfomed tr) the management team. It is the responsibility of management lo report back lo th6 NEC on progress made and any new threats identified. During the year, the manag8menl and Directors worked to further develop the risk management system which included a rwew of all branch finanLYal retums. Tightening the controls of the NalDnal Office compL5ter systeTns was also carrfed out. Pag8 7

NEW TESTAMENT CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER2023 5. ACHIEVEMENTS AND PERFORMANCE The achievements and perforrnance are more of a religloLts nature and are not so easlly quanilfiable. The chU￿h Activities below do give some indication of perf0rrnan￿ and achievements of the National church The Churd) provldes services al 101 locations in England and Wales. which represent an extension of the reporting charity's activities at local, district and national level. The main focu5 of activities in England and Wales is still on pastoral care, counselling and m8gtin9 tho spiritual nggds of the CL)ngregants. 5.1 NTCG Objectives in 2023 Provlde tralning for all Pastors and Key Leaders The Leadership Training Centre successfully completed training for new and devglDplng mlnisters. Malntaln religious services at NTCG'S 101 branches and 32 missions This was achieved through the comrnitmenl and Work of the local pastors and ministers. AJI branches were able lo provide pastoral care lo the m&mb8rship and promde opportunTties for meoting as congregations or small groups. Provlde tralnlng for Indlvlduals wlshlng to work In Chaplaln¢y serYl¢gS The Chaplaincy programme has been developed ov&r the year by the Chaplaincy Director and her regional team. Training has been enhanced by the Leadership Training Centre. Support and motlvate gctive volunteer participa￿On in various group Tnlnlstrles such as leadership skillsi pastoral mlnlstrie5. evangelT91ng, youth and caro mlnlstrl•s. etc. Pastors h8ve encouraged nombers to be involved in local ministries and actiwties. This has been seen by the increased pool of talent available for involvement in regional and national events and initiatives, especially in the areas of evangelism and youth ministrigs. - Organise National, Dlstrict and Local Semlnars, Conferences and Converrtlon5 NTCG successfully held the following national events IhroughDUt 2023: National Training Sgmlnars: National Ministers, Seminar, National Secretary Treagjrerfs conferen￿ I￿rtual), Natlonal Safeguarding conferen￿ {virbJall. Natlonal Women's Trainlng Day National Conferonces and Conventlon$', National Youth Convention (Regional), National Convgntion. National Women's Empowerment Conferen￿. National Ministsrs, Conference District and Local: All Districts h8ld Conventions throughout 2023 and local churches held loGal seminars and workshops covering a wde range of soclal issues. Provid& Training for all Local TreasurorslSecrotarl8s and Local Trust88S Th& annual National Secretary TreaSUre￿S Conference was held virtually for local offic&B. - Malntaln and develop tho KfcG Edu¢atlon programme through the Leadership Training Centre The LTC Provided courses for all thos$ who wshed lo benefil from the NTCG Education programme. This continued lo be done through distance learning and wrtual c5assrooms. - Develop the NTCG Evangèlism programme Th8 obleclives of the NTCG Evangelism programme were carried out by the NaliDnal Evangglism Director and his regional team. They were able to hold various awareness events and support training across the country as well as host the NTCG Evangelism Expo which took place at Kings Park Conference Centre In Northampton. Page 8

NEW TESTAMENT CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 6. GENERAL FUNDRAISING .1 LTC Partn•r Seheme The LTC Partner Scheme replaced the Gideon PToject as the fvndraislng tool of the Leadershlp TTalnlng Centre, The Leadership Trainlng Centre contlnues to fulfll the denominational mS8slon to Pfovlda fomiatfve and mSnisterial prof85sional developrnenl for Ils emerglng and current leaders. The Heritage Cenlre. which also houses the Roswth Gerfoff collection. was launch8d In July 2014 and continues lo attract a wd8 rangè of visllors from various backgrounds and 8g8 groups within and beyond our denomlnalion. 7. OBJECTIVES AND ACTIVITIES FOR PUBLIC BENEFIT The obleclive for whith the Church ¢hartty is e$labllshad 1$ the prop8gallon of the Gospel accordSng to thg acts and teachlngs of the Church of God. The Trustees confirm that they hove refeTred to Ihg guidance con181ned In th8 Charity Commission's general guld8nce on public benefit when reviewng the New Testament Church of GLid alms and objeclfves, and In planning future acdvitlas 8nd m8klng Its pollcles lor Ihe year. We seek to carry th13 Out by adoplng # holl$fjc approaGh lo ￿ needs of 80clety. We 8chi8ved Iheso obleclivgs through our socI81 responsibility programmes'.- Our work with prison r88id&nls. The charity has a number of chaplains and visiting tsgms to the pd8ons. Our work in the hospllals through visitlng teams and chaplalns. - Work ￿th ex-offgnders through Support and counsellSng. Work In care hom8s for the 8ldeTly, wllh prayer meetings and support for resldenls. Work 8mongst the homeless and vulneTable through the Food B8nk Inlllallve and the OPeTallon of Soup Kltchens. Work through Streat Pastors, ministry 85s1sling thos8 wth drug and alcohol problems. Our Le8dershSp Tralnlng Centre offedng Iralnlno to IndI￿dUal9 from various s8clor8 of society. We also provlde wgddlngs. funorals and baby dedlcatlons to the general publlc. - The 'SHAPE' progr8mme contlnues to d8llv8r 8ervlces to dlsadvantaged wom8n. . VOLUNTEER INVOLVEMENT The church has Ihe support of many volunteers who help ￿th Its day-to48y 8cIMles. The flnanclal cost to the voluntser8, known as Inlanglble Income, h88 not been Induded in the Statement of Flnancl81 Acllvltles because the c03ts Invow are not readlty qu8nllflable or measurable. We hav8 not Included in our flnanclal 8tstsmants the valu8 that volunteers brfng to the charlty through the time which they dedlcalo and Ihelr seNi¢g to 0thgr¥, but we bg1i8ve that thelr contribuUDn Is Invaluable. NTCG has approxlmately 3,500 volunteers who regulady support us by asslsllng at the Services we holol durlng the waekd8yS and evenlngs. WOTklng In our bookshops. Tralnlng Centre. Sunday Servl¢es. Sunday Schools and participattng in v8rious community group 8¢llvilié$ #nd fundraislng events. The DSr&ctors would Ilke to express thelr appreclallon for the efforts and conirlbuJon of the volunteers who have given freely of their Ilme during tho ygar 2023. 9. FINANCIAL REVIEW The Slalement of Financlal Acttvllles for tha year Is sat out on page 21. 9.1 Income The charities totsl Incoming re8ources during the year amounted to £11,872.806 {2022'. £11.315.7501 of which £9.878,010 12022.. £9,665.5141 represented voluntary donation8. Donations provkled approximate 83% {2022'. 86%) of the to￿1 income. 9.2 Expenditure Expenditure ft)r the yeaT tolalled £11,41 S,907 {2022.' £9.788.6171 for continuing activitie8. Approxirnately 99% (2022.. 99%) of expenditure related to charitable activities. wlth the balance being attributed to the costs of generating funds. A datailed analysis of 8xpenditurg is given in the aG¢ounts. Slaff-related costs amounted to 29D/o12022'. 32Qhl of total expenditur&. Page 9

NEWTESTAMENT CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 It Is recognised that staff are an inv8luable resource and a kgy way in whith th• Gharity's aims and obj8ctives are dellvered and 5UPPOrted. 9.3 Balanco Shoet The net Surplus in fiJnd5 In the year amounted lo £597,7SO 12022.. £2.832.775). The resul￿ng tol81 ftjnd b81ance8 carried forward were £50,844.31912022'. £50,246,569), all of which was unrestricted. 9.4 Flxod Ass•ts Full disclosure of 811 matters relating to fixed assets is set out in note 13 to the finan¢ial ststements. The last revaluatlons of bulldlngs took placè In 1999 and the valUa￿On8 were then frozen in accordance wllh tha transitional arrang8ments of FRS 1 S. 1118 anticlpaled that th8 value of the bulldlngs would have Increased slgnlflcanNy since thls dale. In the oplnlon of the Dlreclors. whilst It 1$ cl&ar that the market value of the freehold 18nd and bulldlngs would have significantly increasod over tlme and exceeds th8 current carrylng value. to Ob￿1n a full valuation would not b& the most appropria18 use of charlty funds and therefore the current market value gf tho freehold land and buildings cannot be readlly esllmated 8nd d15c108ed. 9.J Investmènt Property A declsSon was taken In 2016 to reG19s$Ify 17 Prope￿&S as Inve81ment propertle8. The prop8rt188 ware prevlously held as fixed assets and depreclBliDn ¢harged on thwn was written back accordlngly. In 2021 fvrther 7 prope￿8$ and la81 year a further 2 w8re reclassified from fixgd assets to Snvestmonl properties du& to Ihe change in tho nature of th¢ asset. One inveslmanl propety was sold during this year. The market valu8 of the8e propertles is £13,555,00012022'. £13,759,000). Due to the costs ossoclaled vAlh valulng th88e propertles 11 Is Snlended that PTofessSonal valualons w511 be arrfed Dul on a cycllcal basss so as lo mlnim159 the impact on charfty resources. 9.6 Nat Assets The charit￿$ net aoset8 amount to £50,844,319 12022.. £50,246,569). Tho majorfty of thi8 ￿lat*S to unr8slricled gener81 fvnds. which con5151 mainly of tangibl& ffxed assets wTthln the b81ance sheet. such as land and ChurGh bulldings, vlc8rages, fvmlshlngs, flxtures and flttings. ffjulpmenl and motor vehleles. 9.7 Curront A68ot8 As at 31 December 2023, the charty h&ld an amount of £12,378,041 12022.. £11,524.826 } belng cash at bank and in hand. Thèse funds provlde for on-golng operallonal oxp8nses and various projects Buch as the acquisllon of new properdes, modemls8tlon and refurblshlng of existing properugs and providing fund5 for achbevlng tha churchlcharfty'8 alm8 and oblecllvos. 9.8 Reserv￿ Pollcy The r&s8Tves policy of the church was revlewed during 2021. The Board of Dlrectors bellev8 that il Would be PTacllc81 lo hold 5ufflcienl cash resetV8S to provlde WOTklng capllal lo cover fluctua￿OnS In Its budgeted Income and èxpendllure. When decidlng the level of reserves. thè Board ol Directors takès into conslderation of forecasts for levels of income and exp8ndilure for the coming year. the roliability of eaGh SQUT¢e of income and the prospects for opening up new sources. 11 15 the usual Inten￿On of the Dlrector8 that the CoTnpany should hold reserves In the form of cash to maintain sufficlent free fvnds lo equate lo approximately slx monihs, operating expendlture. The Dlreclor8 hav8 calculBted the rnonthly operatlng expendilura to equate lo an amount of approximalely £816,000. Thi8 results in an expected reserves amount of opproximalely £4.9 million. It 15 the Directors, opinion that this amount of Teserves is necessary for the achievement of the aims and obJectlves of the organIs8￿ort as sel out on pag8 S of this report. The level of cash reserves th8t is currently being held 18 £12.3 million 12022- £11.5 million). The Director5 recogni5e th81 thi5 is in excoss of the usual policy. The exce55 amount of £7.4 million 18 being held pending a decision to designate the balance of thege funds in order lo meet the r￿uIreMents of future projects. Thls policy is remewed annualty. tsklng Into account planned expendllure 8nd future expectations, in particular the prevalllng global financial rJ)ndilons. Page 10

NEW TESTAMEKf CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 9.9 Investment Policy The Dir8clors have the power lo invest the thurch's assets 8$ they see fft. The arno￿1 of Investment vlll depend on the level of reserves an¢J commilments for the year. The Churth's main method of investing 118 surplus rgserves is through the purchase or ￿8s8 of buildings and converbng them into pLqces of worship in order lo carry out Its alm in furthering the Gospel. All Inveskn&nt options tske into account the Tisk factor. OU)er options wll bo considered and the Church reserve5 Ihe right to determine the investmènt options It so wshe8 and review them from time to lime. As provided in the Memorandum tsf Assoclab'on. the Directors may invest the monies of the Company not imm&liately required for its purFoses in or upon such irweslm8nts as may be thought flL 8ubleGt tt> the c>)rJltlons and consents as may b8 imposed or Tequired by 10. PLANS FOR FUTURE PERIODS The Church is committed to improwng its abillty to be a leamiry organlsab'on, accountsble for Its adons and able to meet high Standards of publlc stakeholder repoTUng. The comlng year will see fvrther developments in these area¥. In which the charity has plans to develop and extend its Se￿Ge lo Ils mgmbar congregallons eTKI th8 local rAMnmunlty. The thurch Is further dgvel¢)plng its Gore obl￿tiVeS through tho straleglc framework launched In 2022 by the AdmSnlstralfve Bishop. Claion Grandison. We aim lo b8 ReSev8nt and Rela￿onal. and Relm8glning the New Test8ment Church of God in ErvJland and Wales through an Ou￿]ne strategic framgDTk proMded to the ILYAI branches of NTCG: The StrategiG Framawork $ets out the ambition of the New Testament Church of God {NTCG) in England and Wales for the next few years. It reflects the priorities of the organisation and fornis th8 basis for servirs 8s leaders In the Ioc81 church. our membership engagement arKI strategy for tran3fomialon, gro%th, and development. We are r8mlnd8d of our Churth's history in th¢ UK. on Sunday 201h September 1953, under tha leadership of Revd Dr (Yiver Lyseight, seven attendees, the NTCG in England and Wales h8ld Its first public senAce. Since those humble tryinnings. our Church has grown into a denomination with 110 congregglions, 30 church ￿ants and 30 (Sos8￿11uf8I churches spread 8Gro$$ the UK, or9anls&J into 25 distdcts. In addluon to our dlscipleship. splrity81Ity, ar*Y gro%th, ￿ have, under ¢>)d. developod and enhanoed the lfve8 of our members and ¢xJmmunitigs thTough pioneering. Salurday Supplementary Schools In inner citto5 that offered free education In core c#Jthculum subjects. national talent competitions engaging youth in music and the arts, community prohects. induding senior cifjzens. clubs. an gmploymgnl training schème. day nurserles. youth clubs. Easter and summer $ehemes for thildren and youlh, dropln ad￿ce and guldance centres, food banks. 80up kitchens. brgakf8St dubs and coffBe momings. We havg wntinued to engage wth leaders, slatutory bodles, and organlsalloTrs al local, reglonal. and national levels for the bengfit ol the enlir8 Church and its tt)mmunitieg. In all these endeavours. we have cherished being an independent charity in the Unitgd lfjngdom and members of the Church of God. WTlh a memker5hip of 7.5 mlllion wc￿1￿￿de. Today. there Is an ever-changlng landscape presenYT¥J # plethora of issues and opportunities for our congregations. It requires us lo face he8d on the rgaltty of a d￿lIn1r￿j Church and why faithful members hoose altemalive pla￿$ of N¥orshlp. We must r8sp)nd to the ongoing eflects of COVID- 19 on families, the life of the Church. communitie5. and instituuons. Our188ders and members must be intentionalty encouraged to engage in the causès and consequences of povety and to Speak and act prcphelically on sodelal issu8S. Equalty. we must learn to be Tesolute on matters of justice, rawm, inequity, and all fomis of exploitation if we are lo be faithful ￿tnesseS of Christ. We must also LX)mmit ourselves to bringing younggr leaders into position5 of responslbility, gmng them authority. and preparing them for pastoral and other ministries. Conslderfng these challenges. our vislon Is to b8 'A relevanL relational Church relmaglnlng God 8t work In our communthe5 and nation,. Pap 11

NEW TESTAMENT CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Our misslon calls the whol8 Church lo partner with God and.each other by prforitislng.. o N0￿rkIng Strategical o Theologically Sound Leadership o Communlty Focus o Growing and Re8ourclng He81thy, V7brant Churches We commlt to communicating well as It Is central to every aspect of the Church, be It Ihe proclamation, preaching, WOTship. taachlng, pastoral Car8, or events and activities. Therefore, we will launch a 'We Are NTCG, Communlcallons Campalgn to accompany this slratsgy. As we become more confbdent NTCG branch88 that are relevant, relaUonal, 8nd relmaglnlng God at work In tha communltle8, we wlll be $88n and perceivod d1fferon￿y. The framework guides Ihe work and delib6ralions of the NEC and our a8plrallon Is that It also guld88 Iha Priorllies of distrlcls and Ioc81 congregationa. We conlnue to monltor and ev8luale our Impact by cl8rffylng vtho 18 accDuntsble for dellverable8 and outcomes to r8alls8 our vlsion. We will faGllllats the reportlng on the experiences. challeng8s. and potential. The goals wlll be lo communlcat8 the success, learn from the mistokes, and remember that Ihe world's biggest room Is the room for Improv8m8nl. 11. THE NATIONAL CHURCH AS one of the large81 nallonal black malortty Churches In th8 UK NTCG condnu88 to provlde vsluabla 8eTvlces lo the aommunldes through118 V8rlou8 mlnlstrles. 11.1 M*mb•r•hSp The Drganis81ion's membership and adherents are provlded fDr through NTCG'S 170 brancheslmi85ion¥ n8110n￿de. Growth continues lo be more evidènt In cert8ln parts of the county more th8n others. We contlnue to examine how we can 8sslst sm811er ehurch86 to grow. Now Teslamonl Chur¢h of God England and Wales's membership Is CUTrenlly around 10,000. Thg numbor of adheranls and friends who contlnuo to support the programmes and ministries of th8 church throughout England and Wales ranges be￿88n 30,000 and 40.000. 11.2 N•llon•l Admlnlstrntlon The Chalm8n on behalf of the Board of Dlrectors wouldllke to thonk all the admlnl$tratlv& Staff for their hard work and dedlcation during tha year. His appreciadon Is also exlonded to 911 Director3 of Departments, Dlslrfcl B15hops. Local Pastors, Dlslrlct Administrators. Local Secretsries, Officers and 8very member of the ChU￿h for thelr support and c#>operatton durlng the p8s1 year. 11.3 Insuranc• The Church's article5 of association PrO￿de that evory dlT8CtQT or official of tho company Is entitled to be Indemnffied out of the assets of th8 company against all losse5 OT liabilities Incurred in the course of execullng hls dulles. DIRECTORS REPORT 1. EXECUTIVE DIRECTORS, REPORT The Directors present their report and the audited flnanclal statements for the year ended 31 December 2023. The financial statements are prepared in order to give a INe and fair vi8w of th8 slate of affairs of the charity. and hav8 been prepaTed in accordance with the requirements of the Statement of Recommended Practice (SORPI effective 1 January 2019. Page 12

NEW TESTAMENT CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEU8ER 2023 In this report the Tru51ees for the PUTposes of Charity law are also Directors tsf the charllable oompany for the purposes of company law. Similarly, the WOTd 'chur¢h' where used In this report should be tsken to mean the Ch8rtty for the purposes of th8rlty law and the charflable Company for the purpos0$ of company law. 2. NEC MEMBERS SERVING AS EXECUTIVE DIRECTORSrniUSTEES The following Executivè DIrectOTs￿rus1ees were elected on 9 September 2023 as ExeCU￿ve Trustsos. and members of the National Executive Council lo serve as the Executlv8 Dlrectors of the Comp8ny until September 2025, when new electlons wlll be held. Clalon Grandlson. Derek Webley, Donnovan Allen, Malcolm Cummln8, Llncoln D8vis, Da￿d Ethrd8, Joel Haye, Jonath8n Jackson, Rub8n King, Anthony Pary, Wayne Perklns and Wnslon Taylor. 3. Dlrnctor•ThruBtOos who •orved durlng th• y•ar Delai18 of the Directorsrrruslees who held office durfng the finanryal year belng covered by this report 8r8 Set out on p8g8 1. The ExeGulivo DIrecto￿￿ruStees comprlslng the NEC are a150 Sgt out on page 1, bul arg marked wlth an 85terlsk ('}. 4. Managlng th• Chur¢hlCharltylCompany Directors of the New Testament Chur¢h of are re8pon8lbl8 for the over811 runnlng of the church In kgy areas of- -Stratogy - agreeing oblectlves and $tr8tegy for the Church and detenninlng prSnGiples and pollcla8 to meet the overall stral¢gy. .Flnanco settlng guldellnes for and agreelng the annual budg•t: decldlng on approprlate fin8ncl81 monilorlng procedures.. authorislng sSgnatorfe$ on bank accounts- 89r8elng borrowlngs and $ocurllles,' ulhortslng signatUTe of the Annual Accoun15- ensuring ¥dfy]uats response and acllon is taken followlng tha annual audll; agre8lng Inve5tm8nt strategy and parameters and 88tling polici￿ for reserve5. .P•rnonn•l defining pollcy on Employment TeTms 4nd Condlllons, Includlng dS8clpllnary and grfevaftce maltsrs: agreeing employee remunerafjon and sal&ri?8'. -G•n•rnl - settlng parameters for the d¢l¢gatlon of authorlty., electlng lh8 Admlnlslratlvo Bishop ICEOI and other offlcers., rewew of rlsk management I￿1h regular reportlng and giving notice of meetings to fellow Directors, Members and others. S. Sy¥t•mB of Controls In the Preventlon and Datectlon of Fraud The Directors have overall responslblllty for ensurfng that tho churth has on approp￿st8 8ySt8m of controls, 8afeguardlng the assets of the church and tsking re88onable Steps for the prgvenllon and detectlon of fr8ud by providlng a reasonable assurance that-. -the church Is opeT8ting efficiently and effectively,. -115 assets are safeguarded against unauthorlsed use or dlsposal; %)roper rewrds are malntaSn8d and flnan¢ial Information used wthln the church or for publicatlon Is reliable; and -Th8 church complles ￿th relevant law8 and regulallons. 6. NTCG SYSTEMS OF CONTROL 6.1 S￿leMs of Intarnal Control The systems of Intsm81 conlrol arg designed to prowde reasonable, bul not absolute. assurance against material misststement or loss al Local and National level. They indude: -Corporale StrategiG Plan an annual budget approved by the Directors.. -Consid8ralion by the Dlrectors of financial. results. Wdriances from budgets and non-finan¢ial perfonnanca Page 13

NEW TESTAMENT CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEM8ER 2023 Sndicalors., -Delegalion of authority and segregatlon of duties.. and -Identificallon and manag8Fnent of is8u88 of strateglo and oparatlonal Imp.ortance lo th& charity. 6.2 Admlnlstrattve Bl$hop Tho Administrative Bishop is in-charge of managing the spiriiual.affairs of the Church and carries out 8dminislralive actiwliès related lo the spiritual work. In all matters he is answoroble to the Board of Troslees 8nd on Religious and SpiritUo1 matters tg thg intemalional offices of the Church of God, Cleveland. T8nna888e, USA vla the Europe8n Fleld Director. 6.3 Managomgnt and Staff The NEC Execulve DlrectorsrrTUSt8es delegate the operallonal orKI day-to4ay management of the Tporal8 body to thè Senior Management at the National Qffice and Aroa ManageTS al Dlslricl and local branch level. The charity 1$ organl8ed Into 110 Branches dlmded Into 25 D18trfcts. The NEC through Ex8CUtlve Man8ger8 at the N8lon81 Offlce. DlstrfGI Blshops, Nallonal and Dlstdcl Departm8nls Ilnk Into th8 advltles of the local churches to manage the affalrs of the Church on a daily basls. Human Resources, Payroll, Banking, Finance, Assgt A¢qulslllDn & Dlsposals, Training, Nation81 Confgrgnces & SeminaT5 and Leg81 SeNice8 are managed by S8nioT Management at the Nallonal Offlce, 7. Dlhctor8 The nam88 of the pre8enl DlrectOTS are on p8ge 1. These Dlrectors all $oN8d durlng the year, unlgss otherwlse slatsd. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Iruslees (who are also the dlreclors of New T8818ment Church of God for the purpo8e8 of company law) a￿ responsibl8 for PTep8rlng th8 Report of the TnJsl8es and the flnanclal sl8lemonls in aG￿rdance with 8ppllcable law and Unlled K1ngdom ACCOUn￿n9 Standards {Unlled Klngdom Generally Ac¢èpted Accounting PTacllGel. Company law requires the tnjslees to prnpore flnanc181 slalements for each fln8nclal year whl¢h glve a truo and fair vlew of the slate of aff8Srs of the ch8rflabl& company and of the Incomlng resources and appllcatlon of resources, Includlng the Income and expendllure, of the chadtable company for that perfod. In preparing those financial slalern9nts. the Iruslees are r8qulT8d lo select sultable accounllng pollcigs and then appty them ¢onsistenlly', observe the methods and princlples In the Charlty SORP; make judgements and estlmateg that 8re reasonable and prudent., prepare the flnanclal statements on thg going ￿nC¢M basis unless11 Is InapproprS8le to presume thel tho ¢harllable ￿MpanY wlll conllnue in buslness. The trustees arg rgsponsibla for keeplng proper accountlng records which disclosg ￿th reasonable accuracy at any lime the financial posStion of ihe charitable company and lo enable them lo ensura th91 the fln8ncSal slalernenls comply wlth the CompBniès Act 2006. They ar8 al80 responslble for 8af8guarding the assets of the charitable company and honce for taking re8sonabl8 steps for th8 prevenlSon and detectlon of fraud and other Irregulari￿e8. In so far 85 the truste8s are 8w8re'. there is no relevant audlt Informa￿On of whlch the charltablg Company's auditors are unawar&,' and the trustees havg taken all steps that they ought to h8ve laken lo make themselves aware of any relevant audit infomation and to establish that the auditors are aware of that Infomallon. AUDITORS Th8 auditors, Shaw Gibbs {Audlt) Llmited. will be proposed for ro-appoinlmenl at the forthcoming Annual Gener81 Meeting. Page 14

NEW TESTAMENT CHURCH OF GOD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Report of the Irustse$. in¢orporallng 8 company directors. on . egi report, approved by order of th& board of trustees, as tha and slgned on the board's behalf by: Ison . Trustee Page 15

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NEW TESTAMENT CHURCH OF GOD Opinion We have audSted the financial statements of New Testament Church of God (the '¢haritable company'l for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position. the Statement of C2sh Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Praclice). In our opinion the flnanclal statements.. give a true and fair view of the slate of the charitable company's affairs as al 31 December 2023 and of its incoming resources and application of ￿SoUrCes, including ils income and expanditure, for the year then ended., have been propedy prepared In accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UKI) 2nd applicable law. Our responsibilities under those standards are further described In the Auditors, responsibilities for the audit of the finan¢ial statements section of our report. We are independent of the charitable company in accordance with the ethical requiremenls that ar& relevant to our audit of the financial statements in the UK including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requiiements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going Concern In auditing the financial stalemenls, we have concluded that the trustees, use of the going ¢oncern basis of accounting in the preparation of the financial slatemenls is appropriate. Based on the work we have perfonned. we have not idenlified any material un￿rtaIntieS relating to events or conditions that, individually or collectively, may cast significant doubt on the charitsble company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilits'es of the Iruslees with respect to golng concern are described in the relevant sections of this repo Other infomiatlon The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not Gover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial Statemenls, our responsibility is to read the other information and, in doing $0, consider whether the other information is materially inconsisl8nt with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomed, we conclude th81 there is a material misstatsment of this other infomiation, we ar8 required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companie8 Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the inforrnatson given in the Report of the Trustees for the financial year for which the financial ststements are prepared is consistent Wtth the financial slatements,. and the Rep)rt of the Trustees has been p￿pared in accordance wSth applicable legal requirements. Page 16

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NEW TESTAMENT CHURCH OF GOD Matters on whlch we are requlr8d to Teport by exceptlon In the light of the knowledge and understanding of the charllable company and its environment obtained in the course of the audit, we have not identified mateTTal misstatements in the Report of the Trustees. We have nolhlng lo report In ￿Spect of the following matters where the Comp8nle8 Act 2006 requires us to report to you If, in our oplnlon.. adequate accounting records have not been kept or rebJms adequale for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement with the 8ccounlng records and returns- or certain disclosures of Iruslees, remuneration specified by law are not made,. or we have not re￿iVed all the infonnalion and explanations we require for our audlt. Responslbllltles of tru8to98 As explained more fully In the Statement of Trustees, Re5ponsiblllties, the InJslees (who are 8180 the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financlal statements and for belng satisfied that they give a true and fair view, and for such Internal control as the trustees detemlne is necessary lo enable the preparation of financi81 statements that are free from material mlsstat8m8nt, whether due to fraud or error. In preparing the financlal st8lements, the trustees are responsible for assesslng the charltable company's ability to conllnue as a going concem, dlscloslng, as applicable, matters related lo going con¢em and using the going concern basis of accounllng unless the Iruslees either intend lo liquidate the charltable company or to ceas8 operallon8, or have no reallstic altèrnative but to do so. Page 17

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NEW TESTAMENT CHURCH OF GOD Our responsibilities for the audlt of the financlal statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole a free from material misstatement, whether due lo fraud or error, and lo issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will a￿ayS delect a material misslalemenl when it exists. Misslatemenls can arise from fraud or errcjr and are Gonsidered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to whlch our procedures are capable of detecting irregularities, including fraud is detailed below.. We obtained an understanding of the legal and regulatory frameworks within which the charity operates, focusSng on those law5 and regulations that have a direct effect on the delerminalion of rnalerial amounts and disclosures in the financial statements. The laws and regulations we considered In this context were the Charities Act 2011, United Kingdom Generally Accepted Accounting Pracllce and relevant Taxation 18gislalion. We identified the g￿alest risk of material impact on the financlal statements from Irregularities, Including fraud, lo be the overylde of controls by management and the understatement of incoming resources. Our audit procedures lo respond lo these risks included enquiries of management al￿vt their own idenlificalion and assessment of the risks of irregularities. sample lesling on the posting of journals, reviewing meeting mlnules, regulatory correspondence and professional fees, detailed substantive testing on the completeness of income. and reviewing accounting eslimales for biases. We will also review the regulatory correspondence wllh the Charlty Commlsslon. Owing lo the inherent limitstions of an 8udll. there 18 8n unavoSdable risk that we may not have detected some material misstatements in the financial 8talemenls, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non<ompllance and cannot be expeGlèd lo deleGI non-Gompliance with all laws and regulations. These inherent limitations are particularly significant In the case of misslatem8nl resulting from fraud as this may involve sophislicaled schemes designed lo avoid detection, including deliberate fallure lo record Ir8nsaclions, collusion or the provision of intenllon81 misrepres8ntalicns. A further description of our responsibilities for the audit of the financial s18temenls is located on the Financl81 Reportlng Council'g webslle at www.frc.org.uklaudilorsresponsibililies. This description fomis part of our Report of the Independent Audllors. Use of our report This ￿pOrt is made solely to the charllable company's members, as 8 body, In accordanoe wSlh Chapter 3 of Part 16 of the Companies Act 2006. Our audll work has been undertaken so that we might slate to the charitable company's members those matters we are required lo slate to them in an auditors, report and for no other purpose. To the fullest extent permilled by law. we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report, or for the opinions we have formed. AM. Andrew Clifford (Senior Statutory Auditor) for and on behalf of Shaw Gibbs (Audill Limited Chartered Certified Accountants Stalulory Auditor Eagle House 28 Billing Road Northampton Northamplonshire NN1 5AJ Dale.. 14th August 2024 Page 18

NEW TESTAME1￿ CHURCH OF GOD STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Tol81 funds 2022 Totsl funds Unrestricted Restricted nds funds Not8s INCOMEAND ENDOWMENTS FROM Don8Ions and legacies 9,878.010 9,878,010 9,865,514 Charltabla actlvltl•¥ Youth & ChTislian Education Dept Women's Mlnlsty Dept Mèn's Mlnlstry Dept Theologic81 EduGatlon & Tralnlng Dept Conventions & Conferonces Govemmenl grants 77.163 125,095 13.319 26.432 4S6.930 77,163 125.095 13.319 28,432 456,930 47,464 86.966 16,232 16,642 360,835 91,370 Other Iradlng activlUes Investment Income Other Income 140,985 984.745 170 127 140.985 984.745 170 127 81.090 818,011 131626 Tol•l 11872806 11872806 11315750 EXPENDITURE ON Raising fund8 37.033 37.033 15,517 Charftabl• actlvltl•• Youth & Chrfslian Educall¢)n Dèpt Women's MSnlslry Depl Man's MSnS8lry Dept Theological Education & Tr85nSng Dept Conventions & Conferenc83 Pro￿slon of church s9￿CeS Governance G0515 322.283 292.276 27,047 111,832 938.690 9,190.792 495 974 322,263 292,276 27,047 111.832 938.690 9,190,792 495 974 246,688 230,371 24.090 1¢)0,520 847,436 8,054,712 469 283 Tot•1 114159)7 11415￿7 9788 617 Not galns on Invastments 140 851 NEf INCOME 597,750 597,750 2,832,775 RECONCILIATION OF FUNDS Total funds brought fDrward 50,246,589 50,246,589 47,413,794 TOTAL FUNDS CARRIED FORWARD 50 8t14 319 50 844 319 50 246.569 The notss form part of (hese financial statements Page19

NEW TESTAMETrif CHURCH OF GOD STATEMENT OF FINANCIAL POSITION 31 DECEMBER2023 2023 Total funds 2022 Total funds Unrestrlcted Reslrict8d nds funds Notes FIXED ASSErs Tangible ass818 Investment proFerty 13 33,684,348 14 13.554.999 33.684.348 34.358.948 13 554999 13 758 999 47,239,347 47,239,347 48,115,947 CURRENT ASSETS Debtors Cash al bank 15 857,320 12378 041 857,320 809,723 12,378,041 11,524 826 13,235,361 13.235,361 12,334.549 CREDITORS Amounts falling due ￿thIn one year 18 11,604,757) 11,604,757> 11,208,817) NEf CURRENT ASSErs 11630604 11830604 11 127732 TOTAL ASSETS LESS CURRENT LIABILITIES 58,869.951 58.869.951 59,243.679 CREDITORS Amounts fallSng dua after more than one year 17 18,025,632} {8,025,6321 18.997,110) NEf ASSErs 50844319 50,844,319 50 246,569 FUNDS Unrestrlcled funds 21 50 844 319 50 246 569 TOTAL FVNDS 50.844 319 50 248 &89 The finan nts were approved by the Bo8rd of Trustees and authorfsad for Issue on . and were slgned on Its behaff by.. C Gran son - TTUStee The notes fom part of these ffinandal statements Page 20

NEW TESTAMENT CHURCH OF GOD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash Il¢)ws from op•rating activiti•9 Cash generated from opern￿on$ Interest paid 1,651,958 591.1C(s 2.300,045 328.446 Net cash provided by operaung actlwU89 1.060 858 1.971.599 Cash flows from Inv•stlng actlvltl Purchase of tangible fixed assets Sale of langlble fixed assets Sale of investment property Interest received 1155.648) 1277,6K2) 18,392 344,851 105389 20.528 Nel cash provided byl{us8d Inl Invasting acttvftfes 238.7621 Cash flows Irom flnanclng actl¥ftl•s Loan repayments in year New Hire Purchase contract In year 1542.2381 1538.4741 Ng1 c8sh used In finanGlng advltie$ 545 9931 542 1091 Chango In cash and cagh •qulval•nt• In the rnportlng p•rlod Cash and cash oqulvalent• at th• b•glnnlng of th• rnportlng p•rfod 809,457 1.190.728 11304.808 10113878 Cash and cuh oqulvalont• •t th• •nd of th• r•portlng p•rlod 12.114.063 11304,606 . The notes fomi part of Ihese financial stalements Page 21

NEW TESTAMEKf CHURCH OF GOD NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 RECONCILIATION OF NEf INCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Not Income forth• rnporting perlod IJS parthe Statem•nt of Flnanclal Activltim Adlustments for. Depreciation charges Gain on investments Profil on disposal of fixed assets Intsrest received Interest paid Increase In debtors (D￿rease￿InGTQa$Q In ¢rgditor¥ 597.750 2.832,775 828.248 836.043 {140.851) {1.305,642) 118,392} {20,528} 328.446 1394,187} {105,389) 591.100 147.597) N•t provld•d by •p•rntion• 1651958 2 300 045 ANALYSIS OF CASH AND CASH EQUIVALENTS 20Z3 2022 Notice deposits (less thon 3 months) Overdr8fts included in bank loans and overdrafts falllng due vAthln one year 12.378.041 11.524.828 Totsl c8Bh and c•sh tyulval￿ts 12 114(￿3 11304608 ANALYSIS OF CHANGES IN NEf FUNDS At 111r23 CA$h llow Al 31112f23 N•t Cash Cash al bank Bank overdraft 11.524.826 853.215 12,378.041 809457 12 1140e3 Debt Fln8nce leases Debts falling duo wtlhin 1 year Debts falling due after 1 year {3.75n (814.887) 8997110 3.757 {429.2421 11.244.129) 971478 8 025 6321 9815754 92897611 Total 1.488.852 2 844 302 The notes Iorm pwt (rf these financial slat8ments Page 22

NEW TESTAMEKf CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AccouKfiNG POLICIES 8asis of prnpartng tho financial statements Thè financial ststements of the ch8ritsbl8 company, which is a public benefit entity under FRS 102. have b88n prepared In accordance ¥Mth the Charities SORP IFRS 1021 'Accounting and Rgporting by Charflies.. Sialemenl of Recommended PraGII¢& 8ppllcabla to ch8rflies prep8rlng Ihelr accounts In accordance with the FinanGial Roporbng Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191,. Flnancial Reporting Standard 102 'Th8 Financial Reporting Standard applieable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalements have been prep8red under the histOriG81 ￿st convention. a5 modified by the Tevaluation of certaln a388ts. New Te51amgnt Churth of God 15 8 chadty, reglst8r&J In Eng18nd and Wal86. The ch8rlty's number and reglstered offlce address can be found on th8 Company Infomiailon paga. The charity is incorporated In England and Wales and company number can be found on the Company Information pag8. Th& pra$enlaUon currency of Ihe finandal 8tatemen1818 the Pound Sterllng 1£). Pr•paratlon of ¢on•olldat•d Iln•nGlal •tJt•m•nts The flnancial slalem8ntS 8re pr&pared from Ihg accounting records of thg national head offlce together wlh the branch retums submlllèd by the Charlvs 110 church88. Mlsslons, which are not on$olldg1gd. ore wnlrollod by a parent church and do not malnlaln 8aP8rats accounllng records. Each church 18 responslble for malnlalnlng Its own basic accounllng T9￿rdS Bnd have separat8 managamant or bank 8ccounl8. All branch T8turns ara prepared on a recelpls and payments basls. The malority of church Sncoma Ss darlved from voluntary donations. whSch. by Ihelr nature, cannot be otherwise accounted for. The fin8ncial slalements now being presented have been prepared from racords available. It Is the oplnion of the DSrecloTS that thls b8sls of prep8ralSon 18 not matsrially dwferent from preparfng the accounts on the accruBI bas18. Sbgnlficantjudgements and g¥tlmat•• The preparatlon of fin8ndal statements requlres the use of certain crflical accountlng estlmates. 118lso rèquire5 managem8nl lo exercise Ils Judgement Sn the process of applylng the company accounting polScies. The areas Involvlng 8 higher degree of judgtsmonl or ￿mplexIty, or are8$ where assumpllons and e8Imale8 aTe slgnlflcanl lo the flnanclal 8tatemenls are dlsGlosed ￿thIn the Indlvldu81 accounilng pollcies below Golng conc•rn At th8 time of approving tha accounts, the Trustees have a reasonable expeclalion that the charity has adequate resources lo continue in opgrational existence for the foreseeable future. Thus the Trustees conllnue lo adopt the going concem basls of accountfng In preparlng the accounts. Tlthes, off•rfngs, glft•, And fundralslng Credll is tsken for Income from tith85, offertngs, glfls and fundralsing on a receipts basis. as only once the cash has boen re¢elved do ihe Dlreclors believe Ihe.three recognllion crftsria of entidemenl. measurement and certainty have been achieved. Glft aSd reclalms on donallon8 are accounted ft>r on an occNal basls. The value of claims submitted and recelved as p8ld up to the date of signing have baen accrued ￿thin debtors {note 151. Registration Fees The company accoun15 for its Income from Convgnllon 8nd Conference reglstrallon fees on an accrual ba81s. Income is recognised once the conf8rence has been held and entitl8menl Ss assured. GTant8 R•colvablg Credit is taken for available grants in the yoar of Teceipt. when the Church becomes unconditionally enlided to the grant. Page 23 continued...

NEW TESTAMENT CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES- contlnuod Tith••. off•rlngs• g1ft8, and fundrailing Govemment grant Income Is recognised once the charity has recelved a fomial off8r Of ftJndSng in writing. unless performance conditions requlred deferral of tre amount. Other Income AJI other calegorles of Income are accounted for in the Stalement of Flnanclal Aclivltles when the Church is entitled to the Income and the income amount can be qu•nlifled wlh re850nabla 8ccuTaGy Expendlture Expenditure Is recognlsed on an accruals bas18 a8 8 Ilablllly Is Incurred for head officè exp6ndSlure and on 8 payments basls for brdnches. Expenditure includes VAT which cannot b8 recov8r&d, and is reported as part of thè expendllure lo whith it relats$. Costs of generating fvnds Gompdse thè costs assoclated with attracllng voluntary Income. Charltable exp6ndllure comprf888 Ihosg costs Incurrèd by the Ch8rfty In tt)a dellvery of Its actIvI￿@S and s8rvices for Ils b8neficlaTies. It Includes both costs that Gan b8 8llocaled dlreclty to Such act[￿lieS and Ihosg co$ls of an Indirect natur8 necessary lo support thgm. Govemanc8 costs Include those costs asso¢laled meollng the cons1tu￿onal and slatulory requlremenl$ of the Charlty and include the audit fo85 and costs1Snk8d to the slr818glc m8nagemenl of the Ch8rfty. Costs that ara dlreclly attrlbulable are allocated on a ch8ri18ble advfty basls and support Costs then added. The Head Office adminlslratlon and offlce support Gosts 8ra 8PPOrtioned to the charltsble acliville8 on the followng basls.. Central Admlnlstrallon K*818 {excludlng In8urance) based upon approxlmala transacllonal volum08. 500/0 Nattonal Office 2SYo Youth department 25Vo Women's dep8rtment Insurance 200/f• Na￿onal Offlce 20% Youth & Christlan EducatSon department 20% Women's Mlnlstries department 20Yo Men's Mlnlslries dep8rtmenl 20% Theologlcal EducalSon & Training department Fund Accountlng General fynds are unre51rfGled funds whlch are avallable for use 8t th8 dlscr8Uon of the DireBtDrs In furth8rancè of tha general objectives of the ChaTily and which have not been deslgn8led for other purposes. D8slgnated fund5 comprtse unreslrlcted funds that have baen sel aside by the Directors for particular purposes. The 81m 8nd us8 of each deslgnated fund is sel DUI In the notes to the financial stalemenls. Reslthcled funds are funds whiGh are to be used In accordance vAlh specsfic r8slrfcllons imposed by donors or whlch have been ralsed by Ihg charfty foT parfcular PUTP08eS. The alrn and use of each reslrict8d fund is set out In the notes lo the financial 5tstgrnents. Tangible fixed assets Depreciation is provlded al the foll￿n9 annual rates In order lo wrile off each as88t ovar Its estimatèd useful Ilfe. Land and Buildings Church Fumishings FIXtu￿$, Fttbngs and Equipme nl Motor vehicles 2% on ￿$t 20% on reducing balance 200k on r8ducSng balance 20% on co81 Page 24 ontinued...

NEW TESTAMENT CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES . contlnued Tanglble flxgd assots Depreclatlon methods, useful Ilves and resldual values are reviewed 8t each balance sheet date. The selection of these resldual values and estimated lives requires the exerclse of judgemenL The directors are required to assess whether there is an indlcatlon of impaiTmenl to the carrying value of assets. In making that assessment, judgements are made in eStiMa￿ng value In use. The directors conslder that the Indivldual carrying values of assè15 are supportable by their value in use. Land is not depreciatsd. Asset8 Wth an indiwdual value of less than £500 are written off lo the Statement of Financial Activlty as Incurred. Investment proporty Investment properties are shown at their fair value as al the year 8nd wth any change in value recognised in the Statement of Financlal Actwities. The Charity wll obtain professional valuations for these propertles on a cyclical basls so as to mlnimise the iTnpact on the charity resources. Taxatlon The charity is gxempt from corporatlon tax on its charitable activitse5. Foreign curr•ncio8 Assets and li8blllties In foreign currencies are translated into S￿￿ing at the rates of exchange ruling at the statement of financial position dale. Trdnsactions in foreign currencies are translated into sterling al the rate of exchange ruling al the date of transaction. Exchangg differgnces are taken into account in arrI￿n9 at the opgrating rosull. Hire purchase and leaslng commltments Assets acquired under financ8 leases or hire purchase Gontracts are c8pilalised a5 tangible assets and depreaatsd over the shorter of the lease term and their useful Iiv8s. The value capilalised Is 8qual to the present value of the minimum lease payments agreed under the temis of the lease. Finance charges and intere51 are taken to the Ststemenl of Financial Acliwties in constant proportion to the remaining balan￿ of capital repayments or nel Dbligations outstanding. Operating lease rentals are charged to the Statement of Financial Acbvities on 8 straight line basis over th8 lease tems. Penslon costs and other post-retlrement benefit$ Pension conlrfbulions are GhaTged to the Statement of Fln8ncial Activities as they ¢)wJr. These contributions are invested separately from the CoTnpanls assets. Any prepaid or outstanding contributions are presented separately within the debtors or treditors note re￿c￿Vely. Flnanclal Instruments Cash and cash equivalants in the balance sheet comprise cash at bank5 and in hand and short tsrm deposits with an original maturity date of three month$ or1gs5. Debtors and creditors wth no stated interest rate and receivable or payable wthin one year are recorded at transaction pri￿. Any losses arising from impaiTment are recognIs￿ in the slalement of ()mprehen$ive income under admlnlstr8lve expenses. FinancSal Ilablllties and equity Instruments are classified accordlng to tho subsl8nce of the contractual arrangements entered into. An equity inslrunenl 15 any contract that evidences a residual inter8st in the assets of the entity after deducting all of its financial liabiliti8S. Where th8 contractual obligatlons of financial instruments {including share capltall are equivalent to similar debt instrumen( thos8 financial instruments are classed as financial liabilities. Finan￿al liabilities are pr&sented a5 such in the balance sh981. Finance costs and gains or losse5 relating to financial liabilities are includod in the PTofit and loss account. Finance costs aro calculatsd so as to pmduce a constant Tate of retum on the outstanding liability. Pag8 25 cOn￿n￿ed...

NEW TESTAMEbrr CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES . contlnued Flnanclal Instruments Where the contraclual temis of share capltsl do not have any lemis meeting the definition of a rinancial liability then this Ss dassed as an equity instrument. Dividends and dlstribuuons relating to equlty Instruments are debitsd direGt to equity. Members. LTability The Company Is Ilmited by guarantee and every member of the association undertakes tc• contribute an amount not exceeding £2 in the event of a deficiency arising on a I￿4uNdatIOn of the Company durlng th8lr membership or within one year of the cessation of iheir mgmbership DONATIONS AND LEGACIES 2023 2022 Tiihes and Offerings Gift reclaim Grants, gifts and donations Other Voluntary incomo 7.483.794 1,466,685 316,062 611,469 6.97S.422 1.796.020 352,186 541886 9 878 010 9,665 514 OTHER TRADING ACTIVITIES 2023 2022 Raising funds from members Publication sales 89,111 51.874 70,971 10.119 INVESTMETrtr INCOME 2023 2022 Rental inGome Bank interest received 879,356 105389 797.483 984.745 818.011 Page 26 continued...

NEW TESTAMENT CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS - contlnuod FOR THE YEAR ENDED 31 DECEMBER 2023 INCOPJIE FROM CHARITABLE ACTIVITIES 2023 2022 Activity Youth & Christian Education Women's Ministry Dept Men's Ministry Dept Theological Education & Training Conventions & Conferences Grants Youth & Christian Education Dept Women's Ministy Dept Men's Ministy Dept 77,163 125,095 13,319 47,464 86,966 16,232 Theological Education & Training Dept 26,432 16,642 Conventions & Conferences Government grants 456,930 360.83S 91.370 698 939 619 $09 Grants receNed, included in the above, are as follows.. 2023 2022 COVID-19 Grants RAISING FUNDS Ralslng donatlons and legacle8 2023 2022 Management charges Publications & Commentarfes 1.605 CHARITABLE ACTIVITIES COSTS Support costs Iseg nol8 8) Direct Costs Totals Youth & Christian Education Dept Women's Ministry Dept Men's Ministry Dept Theological Eduration & Tralnlng Depl Conventions & Conferences Pro.vision of church services Governance costs 200,433 170,6S6 22,744 121,830 121,620 4,303 322,263 292,276 27,047 107,534 938,690 8,876,109 488 4,298 111,832 938,690 9,190,792 495 974 314,683 495 486 10316654 1062 220 11378 874 Page 27 continued...

NEW TESTAMENT CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 SUPPORT COSTS Staff Costs Premises Costs Office SeNices Governance costs Totals Youth & Christian Education Dept Women's Minlsty Dept Men's Ministry Depl Theological Education & Training Depl Provision of church services Governance costs 25.416 25,416 89,560 89,350 4,303 6,854 6,854 121,830 121,620 4,303 4,298 4,298 50,832 250,144 13,707 314,683 495 486 495 486 101664 437 655 1062 220 NET INCOMEI{EXPENDITURE} Net incomellexp8ndilure) is staled after chargingllcredltlngl. 2023 2022 Audltors, remuneration DepreclatSon - owned assèts Hire of plant and machinery Surplus on disposal of flxed assets 25,000 828,248 138,808 30,200 836,043 114,283 18392} 10. TRUSTEES. REMUNERATION AND BENEFITS Included within remuneration is £665,13612022'. £666,123), excluding benefits in kind, paid to the Executive Trustees in respect of their services as 'Minislers of Religion, as permilled by the constitution of the chartty and in common with many churches and Similar religious bodles. There are no Trustees reGeiving remuneration for their role as a Trustee. The total number of Executive Trusl8es paid in tho year was 14 {2022'. 131 and the details are as follows: Some directors who are pastors ol a church ar6 also provided with auommodalion on a rent free basls to enable them to perform their pastoral duties. Trustoe Bishop C Grandison Bishop M Cummins Bishop D A Webley Bishop W Perkins Bishop R S King Bishop A Walson Bishop W Taylor Bishop A Pary Bishop L Davis Bishop J Jackson Bishop H McKenzie Bishop J Haye Bishop D Edwards Bishop D Allen Stlpend 108.867 32.494 79.604 33,928 46,783 10,730 33,990 44,632 35,200 52,144 20,533 41,699 20,666 10,831 Employers Nl 13,768 3,229 9.730 3,427 5,201 644 3,435 4,904 3,602 5,941 1,997 4,499 2,434 1,076 Pension Contributlons 8,400 975 24,066 1,018 1,800 1.020 1.339 1.056 2.400 616 1.251 620 1,2DD At 31 December 2023, 12 12022: 121 dlrectors were accruing retirement benefits under money purchase pension schemes. Page 28 continued...

NEW TESTAMEKf CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 10. TRUSTEES. REMUNERATION AND BENEFITS - continued Trustggs. expgnsos The Executive Trustees are reimbuTsed for reasonable charity business expenses to cover cost of travel to and from meetings. During the year this amounted to £1,511 12022.. £1,243) paid 10 7 {2022= 7) Trustees. 11. STAFF COSTS 2023 2022 Wages and salaries Social security costs Other pension costs 2.￿0.244 263,765 117059 2.704.333 249,066 126.725 3 281068 3 080 124 The average monthly number of omployees during the year was as follows.. 2023 2022 42 85 Administration staff Stlpendlary minlsters 80 119 127 The number of employees whose employee benefits lexdudiThJ employer pension costs) Q￿eded £60,000 was: 2023 2022 £80,001- £70,000 £70,001- £80,000 £￿,001- £100,000 £100,001 - £110,000 £110.001- £120,000 Directors, remuneration was as follows.. 2023 2022 Directors, emoluments DiTectors' ponsion ￿￿tribUtionS 1,957,012 1.957.483 2 046.628 For the purpose5 of this di￿loSUre, directors include all Pastors as listed on paga 1 of this report. Some directors who are Pastors of a d)urch are also promded wlh accommodakn'on on a rent freo basis to enable them lo perfom their pastoral dutles. The hlghest paid dlrector was remungraled as follows". 2023 2022 Emoluments P8nsiDn contributions 108,867 8,400 110,018 5.600 P8ge 29 contlnued...

NEW TESTAMEKf CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 11. STAFF COSTS . contlnued PENSION COSTS I INDEMNrrY INSURANCE The Company ￿ntrIbuteS to a nurn￿r of defined contribution portsion ￿eme$. The aS￿ts of the schemes are held separdtsty from those of tha company in independently administered fijnds. Contrtbutions payabb by the company aff￿ftted to £117.059 (2022.. £126.7251. All contributions were paid in the year. The ¢ompany pa•J a premium during the Y￿ of £2.129 (2022: £2.129) under a profes8ion81 indemnity insurance policy to protect the Lxrfnpany against loss arising from the neglect or default of its Trustees or employees. and to indemnify the Trustees against the consequence of negled or default on their part The charity does not provide any other indemnty o)ver on behalf of the Trustees or Directors. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnwnES Unrestricted Restricted fvnds fvnds Total funds INCOME AND ENDOWMEKtS FROM Donations and legstses 9.665.514 9,685,514 Chorltoble actlvities Youth & Christian Education Dept Women's Ministy Depl Men's Ministry Dept Theological Edutxtion & Tr8ining Dept Conventions & Conferences Govemment grants 47.464 86,￿6 16.232 16.642 360,835 91.370 47,464 86,966 16.232 16.642 360,835 91,370 Other trading acbvttses Investment income Other income 81.090 818.011 131.626 81.090 818,011 131,626 Total 11.315.750 11,315,750 ExpeNDITURE ON Raising funds 15,517 15,517 Charftable 8clivi¢i88 Youth & Christian Education Dept Women's Ministy Dept Men's Ministy Dept Theologiozl Edu¢2tion & TrydlniTrJ Dept Conventions & Conferences Prowsion of thurch services Governance costs 246.688 230.371 24.090 1 tKJ.520 647.436 8,OSI,712 469.283 246,688 230.371 24.090 100.520 647.436 8.054.712 469.283 Total 9 788 617 9 788617 Net gains on in¥EStments 1.305,642 1305 642 NET INCOME 2.832.775 2.832,775 Page 30 ContSn￿d...

NEW TESTAMEMf CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS . contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2023 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - conllnued Unrestricted R8strictod fund5 fund5 Total fvnds RECONCILIATION OF FUNDS Totsl funds brought forward 47.413.794 47.413.794 TOTAL FUNDS CARRIED FORWARD so.246.￿9 50 246.569 13. TANGIBLE FIXED ASSET8 Flxlur8S, Flttlngs and Équlpme nl Land and 8ulldlng3 Church Fumlshing¥ Motor vehicles Totals COST At 1 January 2023 Addition$ Dlspos8Is 43,338,078 187.880 1.800 1,348,112 148,728 595,123 45,469,173 7,320 155.648 26 0001 At 31 December 2023 43 338 078 576 443 45 598 821 DEPRECIATION At 1 January 2023 Charge for ye8r Ellminatsd on dlspo8al 9.694.840 638,559 132,735 11.345 732.631 152,442 552,019 11,112,225 25.￿￿2 828.248 28 000) At 31 December 2023 10 333 399 885 073 551.921 11914 473 NEf BOOK VALUE At 31 De¢ambw 2023 33 004,679 609 767 24 522 33 684 348 Al 31 December 2022 33 643 238 43.104 34 356,948 Analysls of net book v8lu8 of land and bulldlngs- 2023 2022 Freehold Long leasohold 31.983.922 32.585,877 Long Leasehold 2023 Long Lea8ehold 2022 Freehold 2023 Freohold 2022 ststed al historical cost Valuation made 1970 to 1980 Valuation made In 1ggg 33.601.635 2,408,430 601.352 33,801.835 702,529 2,408.430 32 601,352 702.529 The historical cost of assets included at valuation al the balance she81 dale És £34,202,987 (2022.. £34.202,987). and the depreciation based on histori¢al ¢osl would be £560,669. Pag8 31 nunued...

NEW TESTAMENT CHURCFI OF GOD NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 13. TANGIBLE FIXED ASSETS . cOn￿nUed The nel book value of tangible fixed a88ets Include8 £nil {2022.' £11,094) In respe￿ of a8$818 held under hlre purchase contracts. 14. INVESTMENT PROPERTY FAIR VALVE Al 1 January 2023 Dlsposals Revaluauon 13.758,999 {360,000} Al 31 DeoembeT 2023 13 554999 NEf 800K VALUE Al 31 DeGemb¢r 2023 13 554,999 Al 31 December 2022 13 758Q99 Due to the Go¥ts a$soclatsd ￿th valulng these propertles 11 Is Inlonded Ih8t professlon81 Valua￿On& wtll be cathed out on 8 ¢ydical b8915 go as to mlnlm186 the Impact on charfty resources. DuTlng the year, Independent Valua￿On8 were carried out on onè of the properli88 and the lolal value of this property was £850.000. The remainder of the propertiej, totslling £12,705,OOQ were valued by the trustees havlrvJ regBrd lo relevant markgt dats. Inve51m6nt propert168 are staled at market value at the year gnd. Th cost of the Invaslment Is £8.259,475. 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Glft Ald due Other dobloT$ Prepayments and acwed Income 578,952 257,497 512,408 281,200 857 320 809 723 Page 32 contlnued...

NEW TESTAMEKf CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 DECEMBER 2023 CREDITORS: AMOUNTS FALLING DUE WIThIN ONe YEAR 2023 2022 Bank loans and overdrafts {se8 note 18) Hlre purchase (see note 191 Trade creditors Other creditors Accruals and deferred Income 1.508.107 1.035.107 3,757 20,400 20,899 1804 757 1 208 817 Dafarred Income ralal88 to Income recelved before the year end whlch r8lal88 to advltles taklng place In the next flnanclal year. B818nce as al 31 December 2022 Amount released to Incomlng resources Amount defeffed In year 19,614 {16.8141 17.318 881ance 8s 8131 December 2023 17, CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 2023 2022 BAnk loans (seè notè 18) 8 025 632 8997110 LOANS An analys18 of the mgturily of108ns 18 given below.. 2023 2022 Amounts falllng due vlthln one yeaT on demand.. Bank overdrafts Bank loan$ 263,978 1244 12g 220,220 814 887 1508 107 1035107 Amounts falllng due b8tsveen tsvo and Ilve year5.. 88nk loans - 2-5 years 2 194225 3 462 279 Amounts falllng due in more than flve years- Repayable by Inst81ments'. Bank loans more S yr by instal 5,831,407 5,534,831 Page 33 continupd...

NEW TESTAMENT CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS - contlnuod FOR THE YEAR ENDED 31 DECEMBER 2023 LEASING AGREEMENTS Mlnlmum18888 pay7nents fall du8 as follow8.. Hire purchase contracts 2023 2022 Net obligations repayAble= Wlihin one year 3,757 Non-cancellable oper8lng18a8es 2023 2022 Wfthln one year 88twe8n ona and five years In more than five years 10,500 42,000 973 000 10,500 42,000 983 500 1025 500 1036 000 The op8ratlng188sg dlsclosed abovo r•l8ts$ to s prop&rty18ased over 125 years from 1997. 20. SECURED DEBTS The followlng secured debts are Induded wlthln credllors- 2023 2022 Bonk loans Hlre purGha$o ¢ontracts 9.289.761 9.811,997 9 289 761 9815754 Bank loans, wh￿h totsl £9,269,761 12022.. £9.811.997) conslsl of a number of loans to local churches and National Head Office, which are subject to rales of intsTest of be￿88n Basè or Llbor R818 plus 1.25% and 3%. Loans to the value of £9.257.979 12022.. £9,794.3031 are 8eGured by legal ¢hargeB agalnst a list of nominated propertles. Up lo the end of 2006, securSty wa8 provfded on the ba8ls of a pool of assets bul subsequgnl loans havg bggn secured on the specmlc assets to whith the logn Telales. The net book value of the assBts glven as se¢urfty for the88 loan8 and Included In flxed a888t8 18 £16,715,61712022'. £17.101,822}. The Hire Purchas& contract is securgd on the 05sel lo which il re18tes. Pag8 34 contlnued...

NEW TESTAMEKf CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS - contlntsed FOR THE YEAR ENDED 31 DECEMBER 2023 21. MOVEMENT IN FUNDS Net movement in funds At 111r23 31112123 Unr•strict•d funds G8neral fund NatiDn81 Facillly Fund Revalualon Reserve 37,952.845 514.399 11.779 325 721.398 38,874,243 514.399 123 648) 11 655.677 597,750 50 844 319 IOTAL FUNDS 50 246,569 597 750 50 844 319 Net movement In fvnd8, Induded In the above are as follows.. Incomlng r8source$ Re8our¢•s expended Galns and Movement losses In funds Unrnstrlct8d fund• General fijnd R8v8lu8tfon Re88rva 11.872,806 111.415,9071 264,499 123 6481 721,398 123 6481 11872808 11415gX17 140 851 597 750 TOTAL FUNDS 597 750 Comparntlv•* for mov•m•nt In fund Net movgment in fund8 Al 31112r22 At 111122 Unrnstrlct•d funds General fund National Faclllly Fund. R8valuation Reserwe 36.425,712 514,399 10 473 683 1.527,133 37,952,845 514,3g9 1305.642 11 7T9 325 47 413 794 2 832 775 50 248 589 TOTAL FUNDS 47413794 2 832 775 50 246 569 Page 35 continued...

NEW TESTAMENT CHURCH OF GOD NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 21. MOVEMENT IN FUNDS- contlnued Comparative net movem8nt in fiJnds. Induded in the above are as follows: Incoming resources Resources expended Gains and Movement lo$se$ In funds Unrestrlct•d fund• General lund R8valu8tlon Reserve 11.315,750 19.788,617) 1,527,133 1305 642 1305.842 11315750 9 788617 1.305 642 2 832 775 TOTAL FUNDS 2 832 775 The Dlrgclor3 have fomiulaled and Implemented sp8cMc procedures wlth 8 vlew lo &n8urfng Ih818n ro$trlcted funds are Idenllfled and correctly malnl8ln8d on an on-golng basss. 22. RELATED PARTY DISCLOSURES Thgrg wgre no relatsd paty Iransact4on8 for the year endad 31 December 2023. 23. OPERATING LEASES . LESSOR Mlnimum lease rs¢eipts under non-cancellable operallng leases fall due as follows: 2023 2022 Wflhln one year 8aiw8an on and flve years In mor• than flve years 111,100 203,950 97.867 253.500 Page 36