2024-03-31-accounts

Registered numbgr.. 01751385 Charity number: 287868 CHURCH OF GOD OF PROPHECY TRUST (A company limited by guarantse) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

CHURCH OF GOD OF PROPHECY TRUST IA company Ilmlted by guarantee) CONTENTS Page Reference and administratlve detalls of the Company, its Trustees and advisers Trustees. report Independent auditors. report on the flnanclal statements Statement of financial activitles 3-21 22-25 26 Balance sheet 27 Statement of ¢ash flows 28 Notes to the financial ststements 29-52

CHURCH OF GOD OF PROPHECY TRUST IA company Ilmited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustoes Rev T Powell, National Presiding Bishop Rev A Reid Rev J Atherlgy Rev L Rowe Rev B Morris, Honorary Treasurer Rev R Veira Rev J Fletcher Rev E Williams Mrs A Taylor Rev P Rochester Rev P Mccalla Rev D B8iley Rev M Douglas Mrs G Boyd Mr L Davidson Mr K Schafer Mr J Anglin Rev P Barclay Rev R Barrett Mr D C Bussue Mr L Ellington Rev L Graham Mrs R MeKoy Mrs L Oliver Rev G Revers Mrs L Sam Mr B Reid Mr L Thompson Mrs S Golding Company registered number 01751385 Charity registered number 287868 Registered offic 6 Beacon Court Bimingham Road Great Barr Bimiingham Wesl Midlands B43 6NN Page 1

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guaranteel REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Executive Team Rev T Powell, National Presiding Bishop Rev M Wilson, Corporate Administrator Mrs A Taylor, Trustee Rev B Morri5, Honorary Treasurer Ms A Mason. offi￿ Manager Rev J Fletcher, Trustee Mr D Orgill. SnleTim Corporate Accountant Rev A Reid, Trustee Rev P Mccalla. Regional Ove¥5eer Rev R Veira. Regional Overseer Rev E Williams, Regional Overseer Rev J Alherley. Regional Overseer Rev L Rowe, Regional Overseer Rev D Bailey, Regional Overseer Rev P Rochester. Regional Overseer Rev K Schafer, Regional Overseer Rev L Giaham, Pastor. Trustee Rev N Fletcher, PasloT. c￿0p1￿e Rev M Douglas, TTLislee Mr C Boyd. Pastor, Observer Company secretary Mrs A Taylor Independent auditOTS PKF Smith Cooper Audit Limited Slalutory Auditors Cornerfolo¢k 2 Comwall Street Birmingham B3 2DX Bankers National Westminster Bank 2 St. Phillips Pla Birmingham West Mkdlands B3 2RB Barclays Bank plc PO Box 16294 1-2 Trinity Chingford E4 8US Solicitors Harris & Harris 14 Market Place Wells Somersel BA5 2RE Page 2

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the audrted financial statements of the Church of God of Prophecy Trust for the year 1 April 2023 10 31 March 2024. The Annual report serves the purposes of both Trustees. report and a directors, report under company law. The Trustees confiim that the Annual report and financial stalernenls of the charitable company comply with the current slalutory requirements. the requirements of the charitable company's governing document and the provisions of the Slalemenl of Recommended Practice (SORPI applicable lo charities preparing their accounts in accordan￿ wrth the Financial Reporting Standard applicable in th8 UK and Republic of Ireland IFRS102} (effective 1 January 20191. Infomation is provided in pages 1 & 2 regarding refgrence and administrative Iletails of the Church of God of Prophecy Trust. This Trustees, Report includes information required by the Companies Act in a Directors Report and a Strategic Report. The Church als0 operates under the name COGOP Trust U.K. STRATEGIC REPORT . CONSTITUTION The Company is registered as a charitable company lim((&d by guarantee. (No. 017513851. The Church is constfÉuted under a Memorandum of Association dated 8th September 1983 and 1$ a registered charity number 287868. The Church was incorporated on 8th September 1983 and commenced trading on that date. The principal object of the Church of God of Prophecy is lo provide public benefit-. Advancing religion in aecordance with the beliefs and practices of the Church of God of Prophecy {hereinafter called'the Church'l. Promoting and assisting the charitable work and purposes of the Church in the UK and worldwide. Generate, organise and provide funds in aid of the charitable work of the Church. The Church seeks lo increase awareness of God's love and presence through 51rategic sharing of the Christian Faith with all humanity. This, we believe, wll inevitably lead lo an expression of his compassion and justice for the oppressed. The Church also seeks lo help members learn to grow into their potential and discover their purpose of serving others and becoming good rbeighbours. This orientation ensures that Trustees make decisions and provide programmes that further the main objectives. PUBLIC BENEFIT STATEMENT The Board of Trustees confirms that they have met their duties in strict compliance wkh the provisions of section 4 and 17 of the Charities Act 2011, and have given due regards to the Charity Commission's genefal guidance on public beneff(, in designing, implementing and coordinating the a¢twities of the charity. Particular consideration has been given lo the Charity Commission's supplementary public guidance provisions on the advancement of ieligion forthe public benefit. The Ministers and the general membership of the Church has over the years donated thousands of hours of services for the benefit of the public at large. Page 3

CHURCH OF GOD OF PROPHECY TRUST {A company limited by guaranteo) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT (contlnuedl b. ORGANISATIONAL STRUCTURE AND DECISION MAKING Internatlonal Nfrts•￿rk The Church of God of Prophecy Trust in the UK is a part of the Church of God of Prophecy Intemalional. a worldwide organis8tion that operates in over one hundred and thirty fiv8 countries, wrth intemalional offI￿S located in Keith Street, Cleveland. Tennessee, United Slates of America. The Intemational Presbyters selected a Presiding Bishop in July 2022, who along with seven Gener81 Presbyters, provides shared-leadership for the international church body. The Church in the United Kingdom is also a part of a Europe-wide adminislralive grouping. which is now designated Wider-EuTope and the Middle East which is guided by a General Presbyter assisted by a 'Council of Elders,. The General Presbyter, in addition to the Presiding Bishop, are eX-Off￿10 members of the Board of Trustees. The Board of Directors ITrustees1 exercises legal oversight of the Church as it fulfils ils governance roles of strategic direction and decision-making. The Board comprises, in part, slipendiary representatives, by privilege of the Charity Commission. They are the National Bishop, the Regional Bishops {Overseersl and the Corporate Treasurer. This is based on the argument that their involvement al this level is vital to the essential functioning of the Church. There are also non-slipendiary representatives who are Regional Trustees and Co-optees who bring specrfic skills, expertise, and experience. The proviso is that the non-slipendiary members musl be in the majority especially Telaling lo matters that may raise COTffli¢ts of interest e.g. Terms and condi(ions. The Board gives an aecounl Df the affairs of the Church annually al the AGM where all Church members are invited to attend and where members of the Trust may vole on major decisions. The Board has appointed an Executive Team which has operational responsibilities with delegated authority. The Executive Team includes the National Bishop, Corporate Treasurer, Corporate Adminislralor. Corporate Accounlanl, Region81 Bishops or supervisors, Office Manager and other Officers. The Executive Team meets on a fortnightly basis to provide operational management lo ensure compliance in respect to slalulory requirements and all aspects of ils mission and ministry. The Team's work is reported regularly lo the Board of Trustees. The Church neiwork is sub4ivided into seven adminislratNe areas Called 'Regions' led by a Regional Bishop or Supervisor (formally Overseer) who setves all the churches in that region. Nationally, there are 68 churche5 and 'misslons' la mission is a church in development). There has been a majoT improvement in goveTnance, coordination. and colledive decision-making of these ehurches in reeenl years through the formation and development of'Regional Forum5'. The Regional Bishop or Supervisor Ioverseerl moderates this inlermediale. mediating body, in all regions. Ils purpose is lo ensure that the region delivers on all aspects of the corporate strategy with reference lo the region., il is to give a voice and participation lo every local church. 11 comprises pastors, regional trustees, local trustees, regional advisory board member$, regional workers, and specialist advisers. The final key component in the Church's organisational structure is the local church. Every member in the 'grass roots, of the Church is given a voice in the local Business ConfeTence, held typically quarterly. The local church pastor or designated licensed minister typically presides over the conference. Page 4

CHURCH OF GOD OF PROPHECY TRUST IA company Slmited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Icontinuedl c. O&JECTIVES AND ACTIVITIES Charty Commission Guidance Under the Charities (Accounts and Reports) Regulations 2008. trustees, reports are requiTed to include a statement by the charity trustees as to whether they have complied with the duly in sedion 4 of the 2011 Charitie5 Art to have due regard lo guidance publlshed by the Commission. In setting obje¢lives and planning for activi(ie5, the Trustees have given due consideration lo general guidance published by the Charities Cornmission reLating lo public benefjt. Church Values The Church adheres to our International Core Values and advocates a set of global Christian values, inspired by Luke 10.. 2. These are. Praye￿ lensuring that we communicate with God in all aspeet5 of our worship, direction and operations), 'Harvest' lour focus is geared lo bringin9 humanity into reconciled relationship wi(h Godl. "Leadership development, (from childhood onwards, we will develop leaders capable of delivering on our mission and vision.) 'Stewardship' li.e. we are not owners, but in everything, we recognise that God has entrusted us with tangible and intangible reSour￿S that require excellent mobilizalion, management and deployment.) 'Service' {i.e. we embrace transformational servan14eadership principles which seeks lo bring relief lo the poor and marginalised, social healing and justice through our service provision}. The Church has established key strategic aims and objectives for the period 2020 2030. The key strategic aims of tho 2020-2030 vision are.. Worship. Evangelism (Inclusive of revitalisalion and Church Planting), Discipleship {in¢lusive of leadership developmentl, Social Action and Stewardship. Strategle Focus Worship.. We will continue lo raise the proffle and necessity of prayer and through building a national prayer movement, which is reflected in every local church. and Championed by our leadership. Flowing from this, our objectives is lo continue development and greater participation in our national, international, and Wider-Europe prayer strategy. Continued operation of a corporate prayer cycle and develop regional intercessory prayer teams. In addition, we will continue lo engage in national. regional and local ecumenical prayer inilhgtives. Evangelism I Church Health.. We are proactively becoming a church that boklly and prophetically proclaims and demonstrates the gospel of Jesus Christ in all phases of our journey of faith. This will necessilale our intentional focus lo become a church revilalisalion movement through prayerful analysis, discernment and sensitive reposltioning of churches. where required. In addition. we will pursue wise church planting inf(ialivgs, through loving analysis. strong partnerships wth heaKhy missional parent and resource churches. We will therefore seek lo embrace people of all elhnicilies, cU￿ure. and sub-culture. We will also Teprioritize our corporate agenda to maximise pra¢ti¢al lifestyle evangelism. In addition, we will also build bridges and collaborate wth other churches and para<hurch organisalions. We will also plant new churches in every geographic region and become mre missional through stronger Cell Church Ministry. In addrtion, we will seek lo engage greater numbers of our ministers in schools, prisons chaplaincy work and in hospitals. We will also continue lo engage in Home and Intemalional missions, through our Missions School. Discipleship.. Through our Edrficalion infra-$lruclure ITSMI and cornplimenlary local and regional programmes we will be a church that disciples its members in a way which stimulates holistic growth, which means they will in- turn disciple others also. Through this infra-structure we foresee our leadership capacity increasing to meet the commensurate demand through our evangelisalion inilialThies. We will pursue ongoing improvement of our Strategic Leadership development Policy. In an atternpl lo sharpen the focu8 of our leadership capacity and Poge 5

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guaTanteel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Icontinuedl enhance the range of gffts we will idenlfy. train and develop senior leaders lo oversee all aspects of the Church's mission and operations as part of our succession planning. Our Ministerial Review and Discipleship Board has been delegated with the responsibility of promoting and facilitating the new Ministerial Development Programme IMDPI and other leadership training offered by our inleTnational Spir'rt and Life Seminary. Soeial Action (Compassionate Serni¢eJ". In alignment with our Wesleyan-Holiness Penlecoslal roots. we believe that our walk of faith in God will demonstrate God's love in holistic ways lo all within our communities. Integral lo our strategic aim lo reach across and within our communities, each of our local churches and regions will participate in s¢xial action programmes. either localty. nationally, or internationally. These efforts will be coordinated by our Social Action director to ensure appropriate accountabilty and communication lo our church. We will partner through RAFFA our intemalional development agency with other churches and or parachurch organisalions lo pursue social justice for the oppressed and marginalised of our communities. We will also seek to build community enterprises where life-chan¢es Can be improved and build social capf(al and well-being by identifying and giving lo good causes. We will also demonstrate our concern for people with disability by ensuring that all our worship gatherings have suitable disability access and heafing loops where possible. Stewardship.. We will be a Church that maximises ils resources and potential (people, (inclusive of gifts, lal8nls and intellectual asselsl PTopety, money, elc.) In order lo pursue this strategy, we will ensure that all our physical assets are pul 19 greater use across our church ne￿orK. This will mean that value-driven projects will be encouraged. We will also promote, maintain. moniloT and review proactive and effective risk management Systems across our ne￿Ork of churche5. Given the United Kingdom'8 faf(hful loumey of participation in our international mission and ministry, for 71 years and Church of God of Prophecy's rich intemational heritage of missional work across OUT globe, we will aim to fully parti¢ipale in our intemalional church financial stewardship and accountability pOl￿￿eS. We will encourage our local churches lo generate benevolent funds to support members who may be in need, and within the reach of their local church. In addition lo this, we will promote accountable national and inlemalional mission gwing through local churehes that are partnering with other churches abroad or within the United Kingdom. We will encourage our local churche5 to generate benevolent funds lo support member5 who may be in need, and w(fhin the reach of their local church. In addition to this we will promote accountable national an international mission gThiing through local churches that are partnering with other churches abroad or within the United Kingdom. Integral to our stewardship is the task of performing regular reviews on all our premises and equipment through safeguarding and Risk assessment exercises and will put in place effectiv* risk Control measures. Our regional forums will monitor that regular workplacelpremises inspections are perfomied where our churches have buildings. Page 6

CHURCH OF GOD OF PROPHECY TRUST {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Icontinuedl d. STRATEGIES FOR ACHIEVING OBJECTIVES During the year. the Church focussed on the area of Stewardship, in addition to the other gbje¢tives. The Church has been able to maintain ils charitable activities for public benefit outlined above. Key performance measures are as follows.. straleglc FOGI Koy M9tri¢$ Ensu￿ strategic cash management Cash flow. maintain a constructive relationship be￿een local churches and Corporate Administrative Office ICAO) (demonstrated by l¢xal church lumover, monlhty remittances. Gift claims and remittance5 10 CAOI Developed Human Resources manogemenl IHRI Improve internal and external communication Further developmenvconsolidation of Regional Forums Development of the website linlernal and external participationl Communicate progress, gratitude and need for cofilinued support IWERNAL FUND GENEIIATION Mainlenanceldevelopment of lilhing and offering and Grft Aid Consideration of ineome generation projects associated with underulilisation of current propertie5. IEden Solulionsl Critically appraise and enhan￿ Events Management Re-focus of events on the basis of a corporate annual event plan.. Exercise effective CORPOPATE DISCIPLINE Ensure legal entf(ies associated with the Church have proper approvals and accountabilities in place Research an(J maximise EXTERNAL FUNDING e. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARifY's PURPOSES FOR PUBLIC BENEFIT Volunteers Our Church is grateful for the generous efforts and ongoing goodwill and grace of all ils members who volunteer, and who are involved in our core Service provision, charity activities and conferenGing. Across our 68 churches and missions, r( is eslimaled that over 25.000 volunteer hours were provided during the year. If this is conservatively valued al £12 an hour the financial value of volunteer effort amounts to over £300.000. We strongly encourage all our churches to appreciate thg voluntsry ¢ontributions from our members which have provided tho foundation and sup8rstru¢ture upon whlch our church in the Unitsd Klngdom has been built. Page 7

CHURCH OF GOD OF PROPHECYTRUST {A company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Icontinuedl ACHIEVEMENTS AND PERFORMANCE REVIEW OF ACTIVITIES Through the various reports of the Church accountability and reporting measures (local, regional and corporate) we are able lo report factual￿ and anecdotally as follows.. Corporate Ministry Department.. Women and Famity Ministry Led by. Rev. Joyce Fletcher & Regional Women Ministry Directors The overall mission and vision of the ministry MISSION To provide a partngrship approach, encouraging ministry strands lo integrate and work collaboraively, embracing the ethos of the family and addressing 'real lrfe, issues facing the family today. To ensure every woman has the opportunity lo develop their leadership potential and operate in their full giftings. VISION Bul they that wai( upon the Lord shall renew their Strength, they shall mount upon wings like eagle5, they shall run and not be weary and they shall walk and not fainl. (Based on Isaiah 40 .'31). REACH IN | REACH OUT | SUCCESSION PLANNING Devel(wments/Prog￿s￿Acc0MplIshme￿ts Celebrating Women 70 year& of COGOP UK We took the opportunity in engaging with churches across the UK lo nominate women who we could show honour for their contribution over the last 70 years. We were abte lo capture the impact of women pioneers who have helped to advance the Church in the UK. Over 100 women were honoured in the development of a Corporate Celebratory brochure sharing an overview of each of their personal contribution lo advancing the church. It is anlicipaled that a future volume will follow as there are so many more pioneers that we hold in high esteem National Ladies Rel￿al 2024 Thell￿ Connected forPuryA)se The UK Ladies Retreat 2024 was a resounding success, gathering women from across Europe and beyond, Tepresenting nations such as Fron¢e, Holland, Belgium, the Caribbean Islands, the USA. and more. This retreat was not just a denominational event,. il was an ecumenical gathering that saw participation from a wide variety ot Christian traditions and charit￿$, including Assemblies of God, New Teslamenl Church, Elim Pentecostal, Redeemed Christian Church of God IRCCG}, Ruach Ministries and Compassion UK. The scope of participation underlines the inclusivity and bioad appeal of the Church of God of Prophecy's ICQGOPI national Connected for Purpose" conlerence. Missional Opportunities for Church Grovrth and Outreach The retreat was an incredible missional opportunity, with over 40Yo of attendees being firsl-limers. and artyjnd 20¥0 coming from outsid$ the Church of God of Prophecy UK. Th18 reveals the retreat's power lo attract Page 8

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guaranle&) TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT {continuedl newcomers, offering a unique environment where individuals who might not attend traditional church ServI￿S can ¢onnecl in a non-inlimidating, holistic atmosphere focused on spiritual. emotional. and social welkbeing. confe￿nCeS like these meet women where they are. providing support, empowerment, and community. We See similar success in other women-focused gatherings, such as Hillsong's Colour Conference, RLtach's women's conferences, RCCG'S events, and even broader gatherings like Big Church Day Out and Greenbelt. The COGOP women's conference stands at a comparable spiritual and professional standard. uniquely positioning itself to be a mainstream Christian event that draws in new believers. Through holistic and spiritual well-being programming, the conferen¢e ¢reates a missional pathway that can nurture faith while fostering a strong sense of belgnging. Outcomes Relaunched the Connect Programme A programme enabling women lo connect wf(h other women within their communities, building missional opportunities through connecting and sharing the love of Christ in practical ways. Women will set up connect support groups which may relate to issues they are facing, such as parenting. caring for elders, facing loss and bereavement. The programmo is bging led by a new Connect Director and guidelines for implementation is underway. Connect Groups have been established as a direct resutt of the conned groups at retreat- such as 'SinglenesS' and work has been established inn various regions. Speakers from retre81 have ministered abroad and have supported ministries in other countries. Emerging Young Women Leaders Working wlh other Ecumenical leaders lo see how we can work together lo identify and support emerging leaders. mentoring and providing development opportunities. This also supports our succession planning Women Connect Lwe Series Over the last 12 months we have invested In new technical equipment and engaged a new Technical Director for the Women Connect online Series Over 2023- 24 We have continued lo promote the monthly digital online Conned Live Series addressing a range of issues impacting families and women. Online views have been approximaleSy 16.9k with the mst popular being the IopKs. Singhness parts 1&2 {repealed by popular demand) Menopause Cost of Living Cri$i$- Christians against Povety Compassion UK Beyond Labels.. Neurodiversity We have connected with a national organis81ion that works with Chur¢hes lo explore how churches can become more being 'Single Friendly,. We are in the process of establishing the relatlonship for how we ￿Uld lake the inf(ialive forwards We have had a range of guest panellists lo reflect women in leadership across the country and globe which have been received warmly. We have also taken the opportunity to celebrate and recognise our seniors who have Page 9

CHURCH OF GOD OF PROPHECY TRUST IA company limlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT (contlnuedl served faithfully over the years. Over the next 12 month5 we will be taking intentional steps to broaden the Connect Live lo other countries 'Conneded for Purpose. as we pursue our mandate for missional growth and collaboration with olheT countries and syslerns. We are exploring a in person road show concept which has been dis¢us$8d with some Tegions in leTms of drfferenl ways lo accommodate this. Heakh & Wellbeing Bereavemgnl Support Since the start of the Coronavirus pandemic. approximalety 1 in 8 people in the UK have experienced bereavement, with some communities seeing even higher rates. In England and Wales. 614,000 people died during 2020 and 2021, leaving an eslimaled 3 million people dealing with loss, according to the Bereavement Commission. This represents 75.000 more deaths than the average over the previous five years. and mortality rates appear to have continued lo rise. In response, a partnership with the national organyzalion 'AI a Loss, has been established to run bereavement support groups IhTough 'The Bereavement Journey, programmes. These programmes are CUTrently being piloted al a local church, and a group has been fomied lo share insights as other churches consider adopting the approach. Christian Nurses Networf( Over the past year, the CNN (Community Nursing Network) has continued lo expand and strengthen its presence within COGOP UK. 11 has structured clinics using a risk-a5se55ed rots system and worked in partnership with RAFFA and the NHS on a data collection project aimed at idenlifw'ng individuals at risk of hypertension and strokes. referring them to GPS where necessary. Fomial dinics were held during COGOP UK'S 70th convocation and other corporate events throughout the year. Additionally, our Chair serves on the Board of Trustees for Parish Nursing Ministries UK IPNMVKI, exploring potential synergies, ¢ollaboialion, and opportunities for shared learning. Prayer Mlnlsty National Women Ministry Prayer Team continue to meet every month for prayer. This is led in rol81ion by each Regional WM Director. We Work in collaboration with the National prayer Ministry tearns across the strategic prayer streams This year our focus has been across a range of areas that have been highlighted through the retreat, connect sessions and by our regional leaders, for example.. Church leaders and families Slrenglhening existing marriages New marriages. World Peace Young People and Youth Crime Mental Health Sexuality challenges Women Ministy Leade￿￿1p away Day Regional Directors have been instrumental in theii regions providing leadership to Women and families and have successfully influenced and impacted through numerous evangelism and social action outreach programmes Page10

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT (continued) impacting women and families. evangelism, connect groups within the communities. We have worked Collaboratively with our Youth Ministries lo offer any 8UPPOrt and development. Plans for 2025 lincluding any $pe¢ial a¢knowledgments) Slrength@n the Family Ministry vision and strategic plan. Work with partners to consider a European Ladie5 Retreat. Quarterly Women's Connect Live in person sessions around the country and strengthen partnerships wfth other denominational l organisational Women leaders international links. CNN- Hearth & Wellbeing strategi¢ plan 2025. Consider Family Ministry Retreat 202612027. Acknowledgements I wish lo acknowledge my Regional Women Ministry Directors, National Women Ministry Prayer team lead and wider Team member5. 1 particularly wsh lo acknowledge Sister Maureen Morris and Rev Gloria McGowan for th￿r support and leadership and for stepping in al limes that I was unable to. I wish lo also acknowledge my personal assistant Sister Denise Bailey who has now stepped down due to health concerns.. Pastor Donna Gordon Rowe who has served faithfully., has stepped down due lo capacity issues. Members of the planning team have been instrumental in supporting and organising all our events and we could not fulfil our objectives without all the team working together. Corporate Mlnlstry Department: Youth Ministry Led by: Mlnlster's Dwane and Rachel McKoy Youth Ministry Mission & Vision Our mission is lo foster spirrtual growth in young people, encouraging them to live Christ-like INes and develop deep relationships with God. The vision is to build a vibrant, faf(h4riven youth community that impacts church and society. Developments & A¢complishmenls This year saw g￿ater collaboration wth the national safeguarding team, particularly in preparing a comprehensive parent pack for CAMP 2K24. PreHcamp parent meetings were held lo ensure safely and transparency. Regional convocations featured dynamic workshops, with youth leaders stepping up to engage in ministry activities. Collaboration Women's ministry.. Host al the women's retreat and led a connect group session Men's Ministry.. Working closely wlh ministry leader to activety prcimole and help assist with the upcoming rnen's ministry retreat Both mini51ry leaders were part of a panel discussion at CAMP 2K24. Ministry Activity & Engagement CAMP 2K24 was a key highlight. focusing on spiritual growth. workshops. and outdoor activities. Youth from various regions partKipaled in worship. leadership Iiaining, and community outreach initialNes. Page11

CHURCH OF GOD OF PROPHECYTRUST IA company limitgd by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Icontlnuedl WhalsApp channel for local youth leaders lo help with areas that don't have active regional youth directors.. currently has 57 members. Key Mllestones Successful hosting of the national youth camp, CAMP 2K24, allended by youth from across the UK. There were opportunf(ies that arose from the camp.. Biblical understanding we now have a bi-weekly bible study online via YouTube and Zoom Lack of identity and self-worth Ifernalesl one of the camp 5tsff has pul on a six-wegk Coaching session for females 11-18 and is about to begin one for the older youth 1845 3. Youth Director has a master's in dig((al theology 4. Expanded on another volume of'whal's next?. booklets wf(h a Whafs Baptism verslon a. Which goes through every aspect of baptism., and a common heresy booklet lo assist the youth navigate what could be seen as grey areas. Key Risks & Issues The major risk is financial instabillty, with a Crisis looming regarding whether to proceed with CAMP 2025. Wi(hout additional funding, unlike the regional structure that has funds available national isn't sel up like that. still no website presence 13 years onl and only have access to social media pages which we have created, without a web51te, we're missing out on reaching a huge number of individuals who could engage wlh YM Regionals. Plans for 2024 We aim to continue our focus on leadership development and youth outreach. However. the priority will b& addressing our financial Challenges, wf(h a focus on fundraising and resource allocation to ensure the continuation of pivotal programs like our annual camp. Special thanks to the new national youth operations team, the national safeguarding team and local youth leaders for their invaluable contributions this yearl Corporate Ministry Department.. So¢lal Actlon Led by: Rev. Maxine Douglas, Soclal Actlon Dlrector Theme: Salt & Light OUR IMPACT 2023-2024 Jesus declared that we are 'lhe light of the world" and 'lhe salt of the earth" in Matthew 5.'13-16. Being light and Sa￿ is a need. The Church's mission and essential values include social action", we have chosen that this is not oplional. The sheer volume and variety of services provided by our churche5 is commendable. They provide warm hubs, food banks. debt support, luncheon clubs, yOLrth clubs and empk)yability training. We keep ourselves informed is local, regional and national current affairs. this enables us lo actively participate in supporting communities al point of need and il also helps use to infomi government policies that affect the moral and soci81 challenges in our nation. Page 12

CHURCH OF GOD OF PROPHECY TRUST A company limited by guarantee} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Icontinued} We are bringing God's LIGHT Into every life we Come into contact with. Being the SALT of our society. conserving, uniting communities, providing meaning where there is none, offering hope where there is none. and giving voice to the VOI￿leSS are the commitments, substance, passion, and purpose of our team. Over the past year, the conlributton of £49.8k that Church of God of Prophecy churches has made to society through ils social action has increased once again as we respond to the protect the most vulner8ble in our communities. Coupled with a growing amount that local churches are donating towards their s￿181 action actiwlies raising to £11 K. Social Action Churches Supported Firswood church in Manchester is a thriving congregation wf(h an ambf(ion to develop their social action adivilies. Formularising the Trafford Beacon Centre, developing a strategic plan and supporting Centre Manager on strategic plan and accounlabilily framework. Wesl Midlands Faith in Action IWMFIAI is an umbrella partnership organisalion founded and facilitsled by the National Social Aetion Director and chaired by the COGOP National Presiding Bishop. King Solornon Intemalional Business School IKSIBSI is a Christian designated school in Birmingham. WMFIA leads on a strategic engagement wrth the Department of Further Education IDFEI. exfting Mulli Agency Trust IMATI and the nominated MAT for improvements. This involved several meetsngs lo voice the concerns, wishes and feelings of the faith community and to working in partnership lo secure the Christian faith designation. mantain the primary school and bolster the Order of Saint Leonards, the exiting faith authority. WMFIA, facililale and represent in the Faith Strategic Partnership Group delivery fath related solutions in partnership with The Wesl Midlands Combine Authority. Together with faith community meetings in partnership wrth the local neighbouthood police teams. The Faith Alliance partnership. facilitated through the Office of the Poli¢¢ Crime Commissioner. Toggth8r with representation on the scrutiny panels and independent Advisory groups Black Faith leaderfs forum, ￿ partnership with the West Midlands Police. Survey Results - Top 4 Key Themes In 2023-2024, there has been a strong renewed ￿cOgnItion of the vital contribution our churches make to our society. Our presen¢e wrthin communities has enables us lo offer holistic and relational support lo people who are struggling with different aspects of poverty. The c05t of living is still rising and families within and outside the four walls of the churches are feeling the strain. Nevertheless. helping to maintain a decent standard of living is heavily laid upon the hearts of our church members. We see an increasg in Food bank supplies being offered and an increase in benevolent support lo help with rising utility Cost. Clothing banks are on the increase with churches setting up their own clothing bank or workin9 in partnership with other churches to provide clothes especially for children and young people as well as people seeking decent clothing for interviews. We have maintained a high standard of sUPPOrt, helping those that are shut-in and lonely. with phone calls and visits and support with shopping, hospital and dental appointments. Page13

CHURCH OF GOD OF PROPHECYTRUST IA company limit8d by guarant991 TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Icontlnuedl Preventing and reducing isolalbjn and loneliness Ring and Chal, Doorstep visits. Supporting with shopping and appoinlmenls. Partnerships Local Government department, Sports England and other funders. Churches together in England, Church Works, Department of Further Education, Publi¢ HeaRh. Levera Activit Collaboration & Research Church Su ort PaTa-Church Su anisation Su Total Hours 24 32 26 480 562 Levera £600 £800 £650 £12.000 £14 050 ort ort What's Next 2025-2026 Annual survey Cascade bi-annual social &tion impact. Church vists-joinl where possible with youth leaders Leam. Encourage & Inspire Corporate Ministry Department.. SAFEGUARDING Led by. Rev. Marjorie Reid . Safeguarding Director Theme: Safeguardlng Everyone Human organisalions are complex systems working lo achieve certain goals. Because they are complex, comprising a range of knowns and unknowns. predictable and unpredictable moving parts. things will inevilabty go wrong al times or not achieve the desired goals and standards. What make5 us unique is that. we are described in the New Teslamenl as a living organism. designed lo operate very much like the human body with ils intricate interrelationship of many patts and functions. Every member of this body. strong or weak, prominent. or obscure. is necessary precisely because of its unique, G¢)d gThien role. As a church organisation, we are just as vulnerable lo the same issues of the unchurchedlsaved person. This is why we need lo constantly refiecl, challenge all areas of abuse. As a non-profit voluntary organisation working wlh children and young people and our vulnerable adults, l am aware of the problems and challenges that arise from living in lodals world. We are here as a church to be a safe place where men. women, children, and young people. those who are hurt and damaged, may find healing. Page 14

CHURCH OF GOD OF PROPHECY TRUST IA company Ilmlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT l¢ontinuedl Future Plans Training has taken place in Manchester 7th September 2024. Training will be a prime focus for all regions in UK over the next 12 months a5 there is a need, not just for the leadership but the whole church. Safeguarding day to tsko place thls autumn 2024. Going forward Developing caring strategies lo work with survivors of abuse. Having clear protocols as we work closely with those who are exiting prisons and choose to att8nd our churches Offering Pastoral carelprofessional counselling lo survivors of abuse Reviewing how we work together strategically and Iransparenlly. Understanding trauma after an abusive experience Understanding the Mentsl health impact of historical abuse Ensure the whole church has accessed safeguarding training. Work towards all churches having a designated safeguarding lead or acting ag an umbrella to a smaller ongregalion. Respond promptly lo every safeguarding concem or allegation Evaluate and review to ensure best pradice. To raise the profile of training. Build on the positnies, learn from our mistakes. There is still so much lo leam, implement and move forward. FINANCIAL REVIEW . Going concgrn After making appropriate enquiries, the Trustees have a reasonable expectation that the Church has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial slalemenls, Page 15

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarant991 TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 b. R9seryes pollcy The unrestricted reseNes of the Church of God of PTophgw should be sufficient lo cover any anticipated operational costs for 12 months in order lo ensure conlinuily of service should the Iiusl experience any financial difficulties. This will be reviewed annualty and should be considered in conjunction wrth the risk register. Most of the Church buildings that are owned by the Church are of an older type., therefore, the Charity carries a reserve of funds for repairing and maintaining existing buildings. The level of cash reserves at the balance sh8&1 date are £4.2m12023- £4.2ml. The Trustees of the Charity in line with the Debt eradication programme seeks to designate unrestricted cash reserves lo the maintenance of church properties and reduce tong term debt. The Charity has restricted funds al the balance Sheet dale of £578k12023 - £578kl these reserves are for the lunding of church related mission projects around the world and a prop¢rty donation on the basis of covenants in the lease agreement. Principal risks and uncertainties The necessary steps are taken lo ensure that if for any reason the National Bishop becomes incapacitated. the General Presbyter for Wider-Europe and Middle East would immediately assurne direct responsibility and would effgd a selection proces5 to replace him in accord wrth Church of God of Prophecy Ministry Policy and aided by the Executive Committee. In all regions of the organisation, there a￿ Regional Bishops or Supervisors. who are supported by an adminislralive team. In every congregation theTe are pastors. with a support team. The Memorandum and Art￿leS of Association were amended to include local church trustees with delegated authority frorTr the National trustees of the charity lo ensure that the basic governance is observed in every local church. It is our policy that all activities wlhin this organisation are covered by public liability insuran￿. We have adopted a Child Protection Policy, where all our pa51ors. ministers and leaders are made aware of its implication. Local Church Trustees and Regional Trustees have been given the task lo ensure that heakh and safety issues, property condrtion surveys and Fire Check procedures are adhered to at Regional and Local Church levels. In conjunction wf(h the measures mentioned, there is Health and Safety Policy 8dvice, which is piovided lo all congregatKJns by approved consultants. The Iruslees have given consideration to the major risks to which the charity is exposed and satisfied themselves that systems and procedu￿$ are established in order lo manage those risks. There is also a Finance Committee in each local church for settin9 the local budget and to assist the fvxal church with financial man8gemenl. Page 16

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guaranteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 IdlARCH 2024 . Prln¢ipal funding Incomg Our organisalion is financed principally by the membership. The Trustees are therefore grateful for the generosily of our membership and the public who have contributed towards achieving the objectives of this charity. The major source of income comprises donations by our members which conslilules Tithes and offerings. Total donations during the financial years was £3.5m 12023 - £3.4ml. Donations provided approximately 77Q 12023- 79%) of total income. Expenditure Expenditure for the year lotalled, £4.6m {2023- £4.Oml. Approximately 74010 (2023- Yt%) of expenditure was for direct cosls, with the balance attributed to support and governan¢g costs. Slaff-relaled Costs amounted to £1.63m12023 - £1.50m}. Approximately 35%12023- 38%) of total expenditure l.e. £4.6m12023- £4.Oml. STRUCTURE. GOVERNANCE AND MANAGEMENT a. Methods of appointment or election of Trustees The management of the Church is the responsibilty of the Trustees who are elected and co-opted under the terms of the Articles of Association. b. Policies adopted for the inductlon and training of Trustees Recruitment and appointment of new tru$tee$ The Directgrs of the Company are also charity trustees for the purpose of charity law and under the Company's Articles of Association. A¢¢ording to the Memorandurn and Articles of Association. the members of the Council of Management are elected lo serve for a period of three years, after which they mu51 be re-elected al the next Annual General Meeting conducted during the Church of God of Prophecy Annual National Convocation {or special General Meeting called for the purposel. Induction and training of naw tru$teg$ New ITuslees undergo a training day to brief them on their legal obligations under Charity and company law, the content of the Memorandum and Articles of Association, the committee and de¢ision-rn8king process, the business plan and recent financial perfomance of the charity. The Iruslees are encouraged lo attend appropriate extemal training events where these will facililale the undertaking of their role. Page 17

CHURCH OF GOD OF PROPHECYTRUST A company limited by guarantee) TRUSTEES, REPORT ICONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Icontinuedl c. Related paty rolationships Related parties The unity of believers is one of the cardinal values of the Church of G¢)J of Prophecy. This aspiration and ideal gives believers a strong desire lo achieve our aims. In this context we have actively SLlPPOrted other ¢hur¢hes and movernenls in the United Kingdom such as the Evangelical Allian￿, Churches Together in Britain and Ireland and Churthes Together in England. Strategic Alliances and partnerships with other communily-basgd Ofganisalions are crucial to demonstrating the practical aspects of our beliefs in tho community. We have partnerships with org8nisalions as Nehemiah Uniled Churches Housing Association, RAFFA International Development Agency., Excell3￿lack Boy5 Can, and Street Pastors. Our Church continues to pursue and outline a strategic path for the organisation. All aspects of corporate development and objedives are set out in the framework of our plan which underpins the vision of building vibrant l(>cal churches relevant lo their local constituencies. In the Chief Executive's opinion, growth in membership, planting new churches. maximizing our financial and physical resources and sustaining organisalional effectivenes5 depends upon leadership of the highest qualty that will be able to map current demographiG trends and choose appropriate leadership and management approaches which will impact ministerial faculty and our congregations. d. Risk management The trustees have assessed the major risks to which the Company is exposed, in parbcular those related to the operations and finances of the Company and are satIsf￿d that systems and procedures are in place to miligale our exposure to the major risks. The trustees are now having lo consider other aspects of risk related to safeguarding and reputation but are taking the appropriate risk miligalion strategies by instructing our Insurers and Risk Management specialists D E Ford lo help prepare the Church and our Solicitors. e. Qualifying Indemnity Provision In accordance with the charlty artScles of association and lo thé full extent pemiitted by charity law, the Iruslees may be granted an indemnity by the charity in respect of liability incurred in the discharge of their duties Whi￿ in office. In respect of those matters for which the trustees may nol be indemnffied, the charity has taken out trustee's liability insurance which is renewed annually in line with our trustees risk mana9emenl policy. Nailhgr the charity's indemnity nor the insurance policy provides cover in the event that the trustee is proven lo have acted dishonestly or fr8udulenlty. PLANS FOR FUTURE DEVELOPMENT FUTURE DEVELOPMENTS PTeface Our strategic planning process has enabled us to progress tOW8rds achieving some of our corporate goals. This Page18

CHURCH OF GOD OF PROPHECY TRUST A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 PLANS FOR FUTURE DEVELOPMENT Icontinuedl has been made possible through the unwavering collaborative efforts of our core membership basg, who are primarily volunteers. and who have continuously served through their passionate and reasoned faith in Christ. with posilive engagement of their gifts, talents, skills and other resources. In keeping with our international core values of Prayer. Harvesting, Leadership, Service and Stewardship we will continue lo give focus to these, by way of increasing leadership capacity, optimise momentum towards raising corporate awareness of the need for more churches and healthier churches. evangelism and cross<ullural initiatives. We will continue to reach our nation with the light of the gospel of Jesus Christ,. whilst we pour on and pour out the sall lo our families, Communit￿$, towns, cities and nation. Prayer. Spiritualityand Worship.. We wlll continue lo raise the value of acllve preparation, promotion and participation of our church members in meaningful. inspirational and reverential prayer and spirilualily disciplines. With the belief that all we are., all we own and all we will be, belongs to God and is our act of worship. We will seek lo oplwnise the weath of lalenl amongst our gifted worship leaders, musicians, and the creative arts Communty. Intentlonol discipleshlp through Quallty Chrlstlan Education.. We will continue to raise the tevel of teaching interventions lo ensufe continuity of the core truths and practices of our Penlecoslal faith. as outlined in our international policies. We will reinforce and empower our strategic and operational leadership. who, in turn. wiu empower local congregations and families in their role as the primary faf(h educators. Evangelism.- Church Revitalisation and Planting.. Through our corporate WOTk-plan and practices we will raise awarenes5 of the benefits of cherishing and sharing our faith as a gift from God and actively seek, recognize, and act on opportunities lo share il with our families, friends and others. Reimagine the use of our corporate lime. talent and resources through realigning our events and programmes to be more mindful of our Christ-cenlred mandate. In adijition, we will actively and prayerfully assess the status of each local church wi(h an aim lo revf(alise and, where feasible. look lo plant new churches. Soelal Actlon- Servlee to Community.. We are committed lo respond to Jesus, call of service lo others and His instruction to love others as we love ourselves. We will continue lo encourage meaningful social action service provision across our network of churches and Strategical￿ partner wrth other churches and or para-church organisations to bring healing and hope to our communities. Stewardshlp.. Church of God of Prophecy U.K. is wholeheartedty committed towards cullivaling and sharing our time, talent. and treasure while addressing the needs of our local communrties, cities and nation. We will endeavour lo pursue the h￿ghest levels of Christian ethics in all our operations. Strateglc Objectlves Become a vibrant ￿e￿Ork of local churches comprising over 10,000 active members, by 2030., that are been discipled and developed to reproduce themselves through our intentional discipleship programmes. strategically designate and resour¢e at least 10 Mlsslonal Churches. across the United Kingdom that are primarity focussed on missions leadership training. development and deployment,. inc<xporaling our Page19

CHURCH OF GOD OF PROPHECY TRUST IA company Ilmited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 PLANS FOR FUTURE DEVELOPMENT Icontlnuedl International and Wider-Europe Nelwork of churches. Explore regional operational restructuring. lo facilrtale leadership development and church planting. Grow Leadership capacity Ilntroduce Emerging leadership development programme,. Accredited Leaders Courses.. Promote and increase utilisalion of Pastoral placements, Secondmenl opportunrties for lay Ministers,. Mandatory annual Pastors Appraisal and Continuous Pastoral Development Plans}. Maximi5e awareness and ¢orporale momentum aTound Healthy Church Growth through ongoing implementation of Reclassification and Revltallsation of local churches. Facilrtale a Church Growth Conference. Raise awareness and reinforce use of our Corporate Work plan among our church nefvjork lo include.. Q1 Focus on (Training and Developmenll.. Q2&Q3- (Evangelisml,. Q4- IR8view and recalibratel. Increase our Christian Edu¢alion delNery capacrty and develop OUT Corporate Administrative Office for greater efficiency IRemodg1 Corporate Administrative off￿e$ for increased space and more efficient work- flow and setup ¢enlral Training and Development cenlre. Identify Northern and Soulhem locations for additional Training and Developmenll. Maximising and controlling our corpor*e financial resource5 (Complete and implement Financial Framework Document lo ensure balan￿ between local church and corporate administrative office financing.. Mandatory annual submission of local church budgets.. Incr$asg Gift Aid participation from our k)cal churches). Business Development - (Develop Eden Solution$ our trading enterprise to generate income through maximising the under-utilisation of our assets). To acquire oi develop a national conference and administration facilty from a suitable l¢)cal church base facility. Ongoing developing of our Social Action Mapping and engagement and partnering with other churches and para-church organisalions. Explore regional operational restructuring, to facililale leadership development and church planting. MembeT5' liability The Members of the Company guarantee to contribute an 8moLtnt not exceeding £1 to the assets of the Company in the event of winding up. Information on fundraising practices Charitie5 Act 2011 Sgction 162A The Youth, Christian Education, Women's and Men's departmen15 all raise funds to provide resources, which enable the departments to cater lo the need5 of the constituent groups they serve within the church programme. The Charity in organising Corporate and local Convocations, conferences and seminars for its members, also raises funds to provide resources for these events. Page 20

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trustees. responslbllltles The Trustees (who are also the directors of the Company for the purposes of company law} are responsible for preparing the Trustees, report and the financial slalement5 in accordance with applicabl8 law and United Kingdom Accounting Standards IUni(ed Kingdom Generally Accepted Accounting Praclicel- Company law requires the Trustees lo piepare financial slalemenls for each financial year. Under company law. the Trustees must not approve the financial slalemenls unless they are satisfied that they give a true and fair view of the slate of affair5 of the Company and of it5 incoming resources and application of resources, including ts income and expenditure, for that period. In preparing these finanaal slatemenls, the Trusloes are required to.. select suitsble accounting policies and then apply them con815tenlly'. observe the methods and principles of the Charities SORP IFRS 1021- make judgments and a¢¢ounling estimates that a￿ reasonable and prudent., state whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the financial slalemenls., prepare the finan¢i?I statements on the going concern basis unless il is inappropriate lo presume that the Company will continue in business. Thg Trustees are rgsponsible for k¢gping adequate accounting records th81 are sufficient lo show and explain the Company's transactions and disclose with reasonable accuracy al any time the financial position of the Company and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of information to auditors Each of the persons who are Trustees at the time when this Trustees. report is approved has confirmed that.. so far as that Trustee is aware, there is no relevant audit information of which the charity's audf(ors are unaware, and Ihot Trustee has taken all Ihe steps that ought lo have been taken as a Trustee in order to be aware of any relevant audit Informa￿Orn and to eslabllsh that the chartty's auditors are aware of that information. Thank you The trustees wish to thank all our members, I&￿e[s, families, community and key stakeholders for your support over the years and we endeavour lo continue to serve you sleadfaslty and crave your Continued prayer and support moving forward. Approved by order of the members of the board of Trustees and signed on their behaW by.. Bishop Tadroy Powoll Trustee op Bernard Morrls Trustee Dale.. Page 21

CHURCH OF GOD OF PROPHECY TRUST {A Company Ilmited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CHURCH OF GOD OF PROPHECY TRUST Opinion We have audi(ed the financial statements of Church of God of Prophecy Trust Ilhe 'charitable companl) for the year ended 31 March 2024 which ¢ompri5e the Statement of financial aclivilies, the Balance sheet, the Stslement of cash ftows and the related notes. 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, Iuniled Kingdom Generally Accepted Accounting Practice). In our opinion the financial slalemenls.. give a true and tair view of the slate of the charitsble compantys affairs as al 31 March 2024 and of ils incoming resources and application of resources, including its income and expenditure for the year then ended., have been properly Prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 20CE. Basis for oplnlon We conduded our audit in accordance with International Standards on Auditing {UKI IISAS IUKI} and applicable law. Our responsibilities under those standards are further described in the Audiltsrs, respon5ibililies for the audit of the financial statemerrts section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial 5talernen15 in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audf( evidence we have obtsined is S(￿l¢lent and appropriate to provide a basis for our opinion. Con¢luslons relating to going con¢em In auditing the financial slalemenls, we have concluded that the Trustees, use of the going Concern basis of accounting in the preparation of the financial slalements is appropriate. Based on the work we have performed, we have not identrfied any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the char(table company's ability lo continue as a going concern for a perK)d of at lèast twefve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the relevant sections of this report. Page 22

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CHURCH OF GOD OF PROPHECY TRUST ICONTINUEDI Other Informatlon The other infomialion comprises the information included in the Annual report other than the financial statements and our Auditors, report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not ¢over the other information and, except lo the extent otherwise explicitly stated in our report, we do not express any fom of assurance conclusion thereon. Our respDnsibilty is to read the other information and, in doing so, consider whether the other information 18 materially inconsistent with the financial slalemenls or our knowledge obtsined in the course of the audrt, otherwise appears to be materially misslaled. If we idenlfy such maleriaS inconsistencies or apparenl materi81 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 performed, we conclude that there is a material misslalemenl of this other information. we are required to report that fact. We have nothing lo report in this regard. Opinion on other matters prescribed by the Companies Acl 2006 In our opinion. based on the work undertaken in the course of the audf('. the information gNen in the Trustees, report for the financial year for which the financial statements are prepared is consi51enl with the financial stalemenls. the Trustees, rekX)rt has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the Ilght of our knowledge and understanding of the chaTrtable eompany and its environment obtained in the ourse of the audit. we have not identified material misstatements in the Trustees. report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 reqLTrires us to report lo you if, in our opin¢on'. adequate accounting records have not been kept. or returns adequate for our audf( have not been received fiom branches not visited by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosure8 of Trustees, remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit. Respon$ibilltles ot trustees As explained more fully in the TTuslees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the Trustees detemiine is necessary to enable the preparation of financial ststements that are f￿e from material misstalemenl, whether dtje lo fraud or error. In PTeparing the financial statements, the Trustees are responsible for assessing the charitable company's abilty to continue as a 90ing concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the Trustees either intend lo liquidate the charitable company or to cease eralions. or have no realistic allernallve bul lo do so. Page 23

CHURCH OF GOD OF PROPHECYTRUST IA cornpany limited by guarant091 INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CHURCH OF GOD OF PROPHECY TRUST ICONTINUEDI Auditors. responsibllities for the audit of the financial statements Our objectives are to obt8in reasonable assurance about whether the financial slalements as a whole are free from material misstatement. whether due lo fraud or error, and lo issue an Auditors. report that includes OUT opinion. Reasonable assuran￿ is a high level of assurance, bul is not a guarantee that an audit conducted in accordance wlh ISAS IUKI will a￿ayS detect a matertal misslatemenl when il exists. Misslalemenls can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonabty be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud. are instance5 Of non<omplian¢e with laws and regulations. Bas￿ on our understanding of the Charity and nature of ils eperations. key laws and regulations we identified included.. Companies Act- Charities Act". tax legislation.. health and safety and employment legi51alion: data Protection legislatson., safeguarding. We design procedures in line with our responsibilities, outlined above, to delect material misstatements in respect of irregularities, including fraud. The extent lo which our procedures are capable of delecling irregulari(ies. including fraud is detailed below. We idenlffied that the principal risk of fraud or non<omplian with laws and regulations related lo.. Management bias iri respect of accounting eslimales and judgements made., Management override of controls." and Posting of unusual journalg or transactions. We focused on those areas that could give rise to a material misstatement in the Charity financial slatemenls. Our proceduTes included. bul were not limited to.. Enquiry of management and those charged with 9overnance around actual and potential litigation and clairr including instance5 of non compliance with laws and regulations and fraud., Revwing minutes of meetings of those charged with governance, where available,. Reviewing legal expenditure in the year lo identify instances of non-compliance with laws and regulations and fraud", Reviewing financial statement disclosures and testing lo supporting documentation lo assess compliance wlh applicable laws and regulations., and Performing audit work over the risk of management override of controls, including lesling of joumal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting eslimales for bias. including depreciation of fixed assets and carrying value of investment property. 11 is the primary responsibility of management, with the oversight of those charged with governance, to ensure that Ihe entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. P8ge 24

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CHURCH OF GOD OF PROPHECY TRUST {CONTINUEDI Because of the inherent limitations of an audit, there is a risk that we will not detect all irTegularf(ies, including those leading lo a material misstslement in the financial statements or rbon-compliance with regulation. This risk increases the more that ¢omplian¢e wth a law 01 regulation is removed from the events and transactions refleded in the financial statements, as we wll be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves Inlenlion81 concealment, foigery, collusion. omission or misrepresentation. A further description of our re5ponsibililies for the audit of the f nancial ststements is located on the Financial Reporting Council's website al.. www.frc.or .uklaudilorsres onsibilities. This description fomis part of our Audilots, report. Use of our report This report 15 made solely to the charf(able company's members, as a body, in accordance with Chaptef 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken 50 that we might stale lo the charilablo company's members those matters we are required to slate lo them in an Auditors. report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable Company and ils members, as a body, for our audit Work. for this report, or for the opinions we have fomied. Stephen Newman (Senlor statutory audltorl for and on behalf of PKF Smlth Cooper Audit Limited Stslulory Auditors Cornerblock 2 Comwall Street Bimiingham B3 2DX Dale= 29 NoVeM￿r 2024 Page 25

CHURCH OF GOD OF PROPHECY TRUST {A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 Unrestrictod funds 2024 Rg$trl¢tgd funds 2024 Total funds 2024 Total funds 2023 Noto In￿rne from: Donations and legacies Charitable activities Investments 3,518,058 926,937 113,091 7.383 3.525,441 926.937 113,091 3,378,253 794,030 119.643 Total income 4,558,086 7,383 4,565,489 4,291,926 Expenditure on: Charitable activities 4,573.292 4573,292 3,999, 778 Total expenditure 4.573.292 4,573,292 3,999, 778 Net {oxpgndlture)15ncome Transfers be￿een funds 115,2061 482,579 7.383 1418,601} 17,8231 63,978 292. 148 18 Net movement In funds before other recognised galnslllosse5} 467,373 1411.218) 56.155 292, 148 Other recognlsed gainslllossesl: Investment property revaluation gain 1S.000 15.000 147. 123 Net movement in funds 482.373 {411,2181 71,155 439.271 Reconciliation of funds: Total funds brought forward Net movement in funds 14,255,744 482,373 577.579 1411.218) 14.833.323 71.155 14,394,052 439,271 Total funds carried foTrward 14.738,117 166,361 14.904,478 14,833,323 The Slalement of financial adivities includes all gains and losses recognised in the year. The notes on pages 29 to 52 fomi part of these financial slalements. Page 26

CHURCH OF GOD OF PROPHECY TRUST {A company Ilmlted by guarantee) REGISTERED NUMBER.. 01751385 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assets Investment PTOPOrty 12 9,020,647 2,230,000 9,111,407 2,215,000 13 11,250,647 11,326,407 Current as$ots Debtors Cash at bank and in hand 14 22 124.389 4.214,64S 104833 4.19Z807 4,339,034 4,298,640 Credf(ors'. amunls falling due within one year 15 1340,9961 (555.022) Net current assets 3.998.038 3,743,618 Total a$$ets le$$ Cur￿n1 liabilitie$ 15,248.685 15,070,025 Creditors.. amounts falling due after more than one year 16 1344,207) (236. 702) Total net assets 14,904,478 14,833,323 Charity fund$ Restricted funds Unre$lrict8d funds 18 18 166,361 14.738,117 577,579 14,255, 744 Total fund5 14,904,478 14,833,323 The financial slalemenls were approved and aulh0ri5ed for issue by the Trustees and signed on their behalf by.. Blshop Tedroy Powell Trustee Bis op Bemard Morris ITreasuror) Trustee Dale.. The notes on pages 2910 52 fomi part of these financial slalemenls. Page 27

CHURCH OF GOD OF PROPHECY TRUST {A Company limited by guarantee) STATEMENT OF CASH FLOVIS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note Ca$h Ilows from operatlng activities Nel cash used in operating activ￿leS 21 238,277 687. 730 Cash flows from Investlng actlvitles Purchase of tangible fixed assets Purchase of investment property 12 {180.1491 (31, 104) (80,37T) Net cash used In Investlng activities 1180.1491 1111.481) Cash flo¥￿ from financing activities Cash inflows ffom new borrowing Repayments of borrowing Interest paid 150,01)0 1124,256} (157. 182) {62,034} (38. 649) Net cash used In financing a¢tivltSes 136.290) 1195.8311 Chang• in cash and cash equlvalents in the year Cash and cash equivalents at the beginnlng of thè year 21.838 380,418 4,192,807 3,8t2,389 Cash and cash equivalents at the end of the year 4,214,645 4, 192,807 The notes on pages 29 to 52 form part of these financial statements Page 28

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information The Company is a company limited by guarantee Icompany number 017513851. The registered address is 6 Beacon Court, Birmingham Road, Bim)ingham, B43 8NN. The members of the company are the Trustees named on page 1. In the event of the Company being wound up. the liability in respect of the guarantee is limited to £1 per member of the Company. Aecounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in a¢cordan¢e wth the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo char((ies preparing their accounts in accordance with the Financial Rep¢rting Standard applicable in the UK and RepublK of Ireland IFRS 1021 leff&clive 1 January 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Companies Ad 2006. Church of God of Prophecy Trust meets the definition of a public benefit entity under FRS 102. Assets and li8bililies are inilialty recognised at historical cost or transaction value unless olhemise stsled in the relevant accounting policy. The financial slalemenls are prepared on a going concern basis under the historical cost convention, modffied lo include certain f(ems at fair value. The financial statements are presented in Sterling which is the functional currency of the Charity and rounded lo the nearest £. The significant accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consistently applied lo all years presented unless otherwise slated. 2.2 Income All income is recognised once the Company has entitlement lo the income, (( is probable that the income will be received and the amount of income receivable can be rneasured reliably. Donated services or facilities are recognised when the Company has control over the item, any conditions associated with the donated rtem have been mel, the receipt of the economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the charities SORP IFRS 102}, the general volunteer lime is not recognised and refer to the Trustees Report for more information about their contribution. other income is recognised in the period in which it is recewable. Page 29

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guaranto91 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.3 Expenditure Expendi(ure is recognised once there 1$ a legal or conslruclive obligation lo transfer econom￿ benefit lo a third party, il is probable that a transfer of e¢onomi¢ benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, ineluding support costs involved in undertaking each activity. Dire￿ costs allribulable to a single activity are allocated directly to that activity. Shared costs wh￿h contribute lo more than one activty and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and deP￿cl3t10n charges alloGated on the portion of the asset's use. Expenditure on charilablg aclivi11gs is incLsrred on directly undertaking the actwilies which further the Companys objectives, as w911 as any associated support cvsts. Support costs afe those costs inCUr￿d directly in support of expenditure on the objects of the Company and include project management carried out al National Office Governance costs are those incurred in connection with administration of the Company and compliance wrth constitutional and stalulory requirements. Charitable activities and Governance costs are costs incurred on the Compan¥$ operation$, including support costs and costs relating lo the governance of the Company apports'oned to charitable activities. All expenditure is inclusive of irrecoverable VAT. 2.4 Government grants Grants are accounted for under the accruals model as permiited by FRS102. Grants of a revenue nature aTe recognised in the Slalement of Financi￿ Activities in the same peri¢)d as the related expendf(ure. 2ts Interest r8ceivable Inlgresl on funds held on deposf( is included when receivable and tho amount can bg mea$ur6d reliably by the Company., this is normalty upon notification of the interest paid or payable by the insti(Lth'on with whom the funds are deposited. 2.6 Taxatlon The charity is exempl from tax on income and gains falling within section S05 of the Taxes Act 1988 or Section 252 of the Taxation of Chargeable Gains Act 1992 to the exienl that these are applied lo ils charitable objects. Page 30

CHURCH OF GOD OF PROPHECY TRUST (A company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting poli¢ie$ l¢ontinued} 2.7 Tanglble fixed assets and depreclatlon Tangibl& fixed assets costing £2k or more are capilalised and recognised when future economic benefits 8re probable and the Cost or value of the asset can be ￿￿asured reliably. Tangible fixed assets are ini(la1￿ recL>Jnised at cost. After recognition. under the eosl model, tangible fixed assets are measured at cost less accumulated depreciats'on and any accumulated impaiiment losses. Al costs incurred to bring a tangible fixed asset into ils intended workirbg condition should be included in the measurement of cost. At each reporting date, the Company assesses whether there is any indication of impaiment. If such indication exists, the recoverable amount of the asset is determined lo be the higher of ils fair value less costs to sell and its value in use. An impairment loss is recognised in the Stalernent of Financial Activities where the carryng amount exceeds the recoverable amount. Depreciation is charged so as lo allocate the cost of tangible fixed asset5 less their residual value over their eslimaled useful lives. Depreciation is PTovhJgd on the following bases: Freehold propety Motor vehicles Fixtures and fittings Local Church contents Nursery assets 50 years depreciation straight line 250A on reducing balan 150% .25CA on reducing balance 1 SOA on reducing balance 25./0 on reducing balance 2.8 Investment property Investment propety is carried al fair value detemined annually by external valuers and derived from the current market ￿nIS and investment property yields for comparable real estate, adjusted. rf necessary, for any difference in the nature, location or condition of the specific assel. No depreciation is provided. Changes in fair value are recognised in the Statement of Financial Activities. 2.9 Debtors Trade and other doblors are recogniseil al the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.10Cash at bank and in hand Cash at bank and in hand includes cash and short-lemi highly INuid investments with a short malurily of three months or less from the dale of acquisition or opening of the deposit or similar account. Page 31

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies l¢ontlnued) 2.11 Liabilitios and provlslons Liabilili¢s are recognised when there rs an obligation al the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the arnounl of the settlement tan be estimated reliably. abilities are recognised al the amount that the Company anticipates il will pay lo settle the debt or the amount il has received as advanced payments fof the goods or services il must provide. Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money is material, the prowsion is based on the present value of those amounts, dis¢ounted at the pre-tax discount rate that reflects the risks specific to the liabilty. The unwinding of the discount is recognised in the Slalemenl of Financial Activities as a finance cost. 2.12 Flnan¢lal Instrument5 The Company only has financial assets and financial liabilities of a kind that qualify as basic financsal instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.13 Finan¢9 leases and hlre purchase Assets obtained under hire purchase contracts and finarsce leases are capitalised as tangible fixed assels. Assets acquired by finance lease are depreciated over the shorter of the lease tgrm and Ih&ir useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where subslanlialty all of the benefits and risks of ownership afe assumed by the Company. Obligations under such agreements are included in creditors, nel of the finance charge allocated lo future periods. The finance element of the rental payment is charged lo the Statement of Financial Adivilies so as to produce a constant peri¢JJic rate of charge on the nel obligation outstanding in each period. 2.14 Operatlng leases Rentals paid under operating lease$ ar$ charged to the Statement of Financial Activities on a straight line basis oveT the lease term. 2.15 Pensions The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company lo the fund in respect of the year. Page 32

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {continuedl 2.16 Fund accountlng General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Designated funds comprise unreslricled funds that have been sel aside by the Trustees for particular purposes. The aim and use ol each designated fund is set out in the notes to the financial stalemenls. Restr¢rted funds are funds which are to be used in accordance wlh specffic reslrlclions imposed by donors or which have been raised by the Company for particular pU￿ose$. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each ieslricled fund is sel out in the notes lo the financial slalemenls. Investment income. gains and losses are allocated to the appropriate fund. Critical accounting ￿tiMateS and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimate5 and 8$5umption5'. The Company makes estimates and assumptions concerning the futu￿. The resulting accounting eslimales and assumptions will. by definition, seldom equal the related actual results. The eslimales and assumptions that have a significant risk of Causing a material adjuslmenl to the CaT￿ng amounts of assets and liabilities within the next financial year are discussed below. Cri(ieal areas of judgment-. The key estimates and assumptions adopted in the financial slalements related lo the depreciation of property over f(s estimated useful life and the revaluations of properties held as inveslmenls. Page 33

CHURCH OF GOD OF PROPHECY TRUST {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Incomg from donatlons Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Donations Grants 3.472,876 45,182 7.383 3.480,259 45,182 3.518,058 7,383 3,525.441 Unrestricted fvnds 2023 Tot funds 2023 Donaligns Grants 3,367, 753 10.5(k) 3,367.753 10.500 3,378,253 3,378.253 Income from charitable activities Unrestricted funds 2024 Total funds 2024 Ministries Nursery Rent 528.471 246,872 151,594 528,471 246,872 1S1,594 926,937 926,937 Income from the Nutsery Includes £15,818 12023 - £145.000) insuranc8 claim in relation lo lo$s of income during a period of closure. Page 34

CHURCH OF GOD OF PROPHECY TRUST IA company limitgd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities l¢onlinued) Unrestricted funds 2023 Tolal funds 2023 Ministries Nursery Rent 401, 783 275,641 116,606 401, 783 275,641 116,606 794,030 794,030 Volunteers provide many hours of general serwce to the charity and this is referred to in the Trustees Report. Invo$tment Incomo Unrestricted funds 2024 Total funds 2024 Rental in¢omo- invgslment properties 113,091 113,091 Un￿stricted funds 2023 Total funds 2023 Rental income- investment properties 119,643 119, 643 Page 35

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure on charitable actlvltl8s Summary by fund type Unrestricted funds 2024 Total 2024 Worshiplminislries Discipleship Social Ath'on Stewardship Mission Nursery 1,341,806 421,602 214.621 2,069.901 305,564 219,798 1.341.806 421,602 214,621 1069,901 305.564 219,798 4.573,292 4,573.292 Unreslricled funds 2023 Tolal 2023 Worshiplministr￿s Discipleship Social Action Stewardship Mission Nursery 1,043,943 397,286 190,972 1,858,032 282,023 227,522 1,043,943 397,286 190,972 1,858,032 282,023 227,522 3,999, 778 3,999, 778 Volunteers promde many hours of general service lo the charty and this is referred lo in the Trustees Report. Page 36

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PdlARCH 2024 Analysis of expenditure by activities Activltles undertaken dlrectly 2024 Support costs Total funds 2024 2024 WorshiplMinislri8s Discipleship Social Action stewardship Mission Nursery 1,341,806 421,602 214,621 1,094,664 305,564 1,341.806 421.602 214.621 2,069.901 305,564 219,798 975.237 219,798 3,378,257 1,195,035 4,573,292 Activities undertaken directly 2023 Support costs 2023 Total funds 2023 Worshiplministr￿s Discipleship Social Action Stewardship Mi$swJn Nursery 1.043,943 397,286 190.972 924. 102 282,023 1.043,943 397,286 190,9T2 t,858,032 282,023 227,522 933.930 227.522 2,838,326 1, 161.452 3,999,778 Page 37

CHURCH OF GOD OF PROPHECY TRUST (A company limlted by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of &xpenditure by activities Icontinuedl Analysls of support costs st9ward- ship 2024 Total funds 2024 Nursery 2024 Staff costs Depreciation Interest of loans Accountancy Legal and professional fees other nursery costs Governance costs 589,566 267,878 62.034 184.598 3,031 774,184 270,909 62,034 1,980 3,163 27,026 55,759 1,980 3,163 27,026 55,759 975,237 219.798 1,195.035 Total funds 2023 stewardship 2023 Nursery 2023 staff costs Depreciation Interest on loans Accountancy Legal and professional fees Other nursery costs Govemance costs 557.870 278,022 38,649 159,988 3,527 717,858 281,549 38,649 3,226 3,457 57,324 59,389 3.226 3,457 57.324 59,389 933,930 227.522 1, 161,452 Auditors. remuneralion 2024 2023 Fees payable (excluding VATI to the Companls auditor for the audit of the Company's annual accounts 21.500 20, 750 Page 38

CHURCH OF GOD OF PROPHECY TRUST {A cornpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Employee costs 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 1.500.898 100.317 30.703 1,381,647 90,529 28, 734 1.631.918 1,5(k).910 The average number of persons employed by the Company during the year was as follows.. 2024 No. 2023 98 96 The averagg headcounl expressed as fulktime eqLtivalents was.. 2024 No. 2023 No. PresKJing Bishop Pastors Olh&r staff 28 27 26 27 56 54 The number of employees whose employee benefits (excluding employer pension costs} exceeded £60,000 was.. 2024 2023 No. In the band £60,001- £70,000 The remuneration and benefits of key Tnanagement personnel who are not trustees was £151,121 12023 £132,535). The Trust considers the key mana9emenl personnel I senior management team lo be of significant importance lo the Charity for the success of the day to day operations. Page 39

CHURCH OF GOD OF PROPHECY TRUST {A company limitsd by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. Trustees. remuneration and expenses During the year. Trustees have been paid remuneralK)n from employment witt) the Company. One 12023 - One) Trustee was paid for their seNices in the year in respect of their capacity as Administrator being T Powell (also highest paid Trusleel remuneration £64,187 12023 £60.9711 and pension contributions £1,36112023- £1,321). Ten 12023 - Nine) Trustees were paid for seNices as 'Ministers of Religion, las pern￿ed by the constitution of the Charrty). Remuneration and pension contribution5 respectively in the year were G Revers £11,18412023 - £11,184) and £148 12023 £1481.. D Bailey £45.45412023 - £36,000) and £nil 12023- £275)., B Morris £38,68612023- £36,000) and £nil12023- £ni4,' R Veira £27,10812023- £38, 137) and £601 12023- £9571., R McKoy £1 S.00012023- £15,000) and £26312023 - £2631,. E Williams £38,760 (2023 - £39,076) and £97612023 - £9831,. P Rochester £9.06012023 - £9,060) and £nil12023 - £nifj.' P Mccalla £40,401 12023 - £36.6921 and £988 12023 - £903},' K Schafer £21.238 12023 - £22. 7401 and £45012023- £4501,. R Barrett £7,37712Q23- £nAQ and £9112023- £nil). During the year, Tetirement benefits were aceruing to 8 Trustees 12023 - 8) in respect of defined contribution pension schemes. During the year and comparative year no trustees were Teimbursed OT paid directly for expenses incurred in respect of their role as a Trustee. Page 40

CHURCH OF GOD OF PROPHECY TRUST IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Tangible fixed assets Land and buildings Motor Fixtures vehicles and fittings Church ontents Nursery assets Total Cost Al 1 April 2023 Additions 10.471.480 27,775 180,581 666,100 1.526.714 11,170 141.204 116,573 12.961.448 180.149 At 31 March 2024 10,499,256 180.581 677,270 1,667,918 116,573 13.141.697 Depreciation At 1 April 2023 Charge for the year 1,723,152 202.498 179.979 602 617,009 1,225,447 14.588 50,190 104,454 3.850,041 3,031 270,909 At 31 March 2024 1,925.650 180.581 631,597 1,275.637 107.48S 4,120,950 Net book value Al 31 March 2024 8.573,605 45,673 392.281 9.088 9,020,647 Al 31 March 2023 8, 748,328 602 49.091 301,267 12,119 9,111,407 Included in the net book value of property displayed a)ove are the following amounts ascribable lo land.. 2024 2023. Freehold Leasehold 7.081.033 1.492.672 r,218,603 1,529,725 8.573.605 8,748,328 'These amounts have been recla55ified to conform to the presentation of the current accountin9 period. There is no change lo the total land and buildings amount. The nel book value of assets held under finance leases and hire purchase contracts. included above are plant and machinery £nil12023- £34, 1031. Page 41

CHURCH OF GOD OF PROPHECYTRUST IA company1Smlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Investment PlOP8rty Freehold Investment property Valuation At 1 April 2023 Surplus on revaluation 2.215.000 1 S.000 At 31 March 2024 2.230.000 The inveslrnent properties have been subject to desktop valuation, by RICS external valuers in August 2024 on the basis of &xisting use. The Trustees consider the valuation a reasonable estimate of market valuation at 31 March 2024. 14. Debtors 2024 2023 Due after more than one year Other debtors 40.000 40,000 40,000 40,(￿• Due within one year Trade debtors Other debtors Prepayments and accrued income 42,600 26,672 15.117 27,050 19,923 18,860 124.389 105,833 Other debtors due after one year is a loan to the COGOP intemational rthork. repayable after more than one year. Page 42

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Creditors: Amounts falling due within one year 2024 2023 Bank loans Other loans Trade credbtors Other laxalion and social securty Obligations under finance lease and hire purchase contracts Other creditors 30,301 32,200 9,994 26,495 96,229 39,250 47,752 20,2T2 8.783 99.609 243. 127 124,012 117,994 Accruals and deferred income 340.996 555.022 Bank loans are secured on specific freehcAd church prw&rties. Other loans are loan$ from l¢xal members to assist in the acquisition of investment property and are unsecured. Finance lease and hire purchase Contracts are secuTed against the relevant assets. The Company has deferred income in the amount of £54,450 {2023 - £52,353) on the basis services are provided after the balance sheet dale. The movement in the year represents further amounts deferred during the year. There was £119,599 {2023 - £32,485> released lo the Statement of Financial Activities during the year. Page43

CHURCH OF GOD OF PROPHECY TRUST (A company limited by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Creditors.. Amounts falling duo after morg than one year 2024 2023 Bank loans OlheT loans 328.207 16,000 202,052 34,650 344,207 236, 702 The aggreg8le amount of liabilities payablg or Tepayable wholly or in part more than five years after the reporting dale is.. 2024 2023 Payable or repayable by inslalmenls Payable or repayable other than by instalmenls 125,929 202,052 34,650 125.929 236. 702 Finance lease and hire purchase contracts are secured against the Televant assets. Obligations under finance leases and hire purchase contracts due btheen one and fNe years are £nil12023- £nill. The bank loans are secured on specific freehold church properties. Interest payable on the loans are at rates varying be￿een 1.25Qh and 4.50￿ above bank base rates. Other loans are loans from local members lo assist in the acquisl(ion of investment propety and are unsecured. Interest payable on the loans accrue at varying rates between 2.10 and 70/.. Repayments are duo at the end of loan agreement periods of between 5 and 10 years. Page 44

CHURCH OF GOD OF PROPHECY TRUST IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Financlal Instruments 2024 2023 Financial assets Financial assets measured al amortised cost 109,272 86,973 2024 2023 Flnanclal liabilitles Financial liabilities measured at amortised cost 567.209 539.814 Financial assets measuTed at amortised cost comprise trade and other debtors. Financial liabilities measured at amortised Gost comprise bank loans and overdrafts. other loans, trade creditors. lax creditors ?nd other creditors. The Trust does not acquire or use pul options, derivatives or other complex financial instruments. Page 45

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Statement of funds Statement of funds- current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Gainsl {Losses Income Expenditure Unrestricted funds Designated funds Property maintenance fund 577.000 577.000 General funds General Funds- all funds 14,255,744 4.558,086 14,573,292) {94.421} 15.000 14,161,117 Total Unrestricted funds 14,255,744 4,558,086 14,573,292) 482.579 15.000 14,738.117 Restricted funds Chureh property fund Property donation Intemalional Church 577,579 1577.5791 95,000 95,000 71,361 71,361 677,579 71.361 1482,5791 166.361 Total of funds 14.833.323 4.629.447 14.573,2921 15,000 14,904,478 The Trustees have sel aside funds from the general fund for the specrfic purpose of conlribuling towards the cost of repairs lo church property. Reslricled funds includes funds received from the International Church lor the funding of church related mission projects around the worfd and a propety donation on the basis of covenants in the lease a9reemenl. Page 46

CHURCH OF GOD OF PROPHECY TRUST IA company Ilmlted by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Statement of funds Icontlnuedl Statsment of funds - prior year Balance al 31 March 2023 Balance at l Apnl 2022 Gains/ (Losses) Income Expenditure Unrestricted funds General Funds- all funds 13.816,473 4.291,926 (3,999, 778) 147. 123 14,255,744 Restrl¢tod funds Chuich Pfoperty fund 577,579 577,579 Total of funds 14,394,052 4,291,926 (3.999. 778) 147, 123 14.833,323 Page 47

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Summary of funds Summary of funds - currènt year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Gainsl (Losses) Income Expenditure Designated funds Gener81 funds Restricted funds 577.000 194A211 1482.5791 577,000 15,000 14.161,117 166,361 14.255,744 5n,579 4.558.086 14.673.292) 71.361 14,833.323 4.629,447 14.573,2921 15,000 14.904,478 Summary of funds- prior year Balance at 31 Ma￿h 2023 Balanc8 al l Apnl 2022 Cains/ (Losses) Income Expendrfurg General funds Restricted funds 13,816,473 577,579 4.291.926 (3,999. 778) 147, 123 t4,255,744 577,579 14.394,052 4,291,926 (3,999,778) 147, 123 t4.833,323 20. Analysis of net assets bgtween funds Analysis of net assets between funds- current pertod Unreslrl¢ted Restrf￿ed funds funds 2024 2024 Total funds 2024 Tangible flxed assets Investment propety Debtors due after more than one year Current assets Creditors due within one year Credil(vs due in more than one year 9.020.647 2.230.000 40.000 4.132.673 1340,9961 1344,2071 9,020,647 2,230,000 40,000 4,299,034 {340.9961 1344,207} 166,361 Total 14,738,117 166,361 14,904,478 Page 48

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of net assets belween funds l¢ontlnuedl Analysis of net assets between funds - prior period Unrest17cled funds 2023 Reslrittted nds 2023 Total funds 2023 Tangible fixed assets Investment pioperty Debtors due after more than one year Current assets Creditors due wrthin one year Creditors due in more than one year 9,111,407 2,215,000 40,000 3.681,061 (555,022J (236, 702) 9,111,407 2,215,000 40,000 4,258, 640 (555,022) (236, 702) 577,579 Total 14,255, 744 577,579 14,833,323 21. Reconclllatlon of net movement In funds to net cash flow from operating a¢tlvltles 2024 2023 Net incomelexpenditure for the period las per Statement of Financial Activit￿$) {7,8231 292, 148 AdJuslrn¢nts for: Depreciation charges Net interest paid {Increase} in debtors (Dee￿aSe)rIncrease in creditors 270,909 62,034 118.556} 168,287) 281,549 38.649 (6,460) 81,844 Net cash provided by operating activitie5 238,277 687, 730 22. Analysis of cash and cash equivalents 2024 2023 Cash in hand 4.214.645 4, 192,807 Total cash and cash equivalents 4.214.645 4, 192,807 Page 49

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarante91 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 23. Analy$l$ of change5 in net debt At 1 April 2023 Cash flows At 31 March 2024 Cash al bank and in hand Debt due within 1 year Debt due after 1 year Finance leases 4192,807 1135.4791 {236.7021 {8.7831 21.838 72.978 1107,505) 8.783 4,214,645 162,5011 1344.2071 3.811.843 {3,9061 3,807,937 24. CapStal commitments 2024 2023 Contracted for but not provlded In these financial statements Acquisition of tangible fixed assets 122,388 2S. Pension commitmgnts The charity operates a defined contribution pension scheme, the assets of which are held in a separate administered fund. The cost during the period was £30,703 12023 - £28. 7341. At the balance sheet dale there were outstanding contributions due of £10,96112023- £7, 575). Page 50

CHURCH OF GOD OF PROPHECY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 26. Operating lease cornmitments At 31 March 2024, the Company had commitments to make future minimum lease payments under non cancellable operating leases as follows.. 2024 2023 Wf(hin 1 year Be￿een 1 and 5 years Later than 5 years 14,957 18,586 98,000 21,390 22,985 99,200 131,S43 143,575 The following lease payments have been recognised a5 an expense in the Slalement of financial adivities= 2024 2023 Operating lease rentals 101.920 107,076 Related party transactions R4FFA Intemalional Development Agency. Wesl Midlands Faith in Action LTD and Eden Solutions Network Community Interest Company are considered related parties within the Church of God of Prophecy Trust. as o resutt of s¢)me Trustees holding similar posftions in these organisations. The Church has made donations to RAFFA International Development Agency of £nil12023- £1,828) to support the organisalion. In addition an amount of £23312023- £234 wa$ due to RAFFA at the balance sheet dale. The Church has also provided services lo Wesl Midlands Faith in Adion LTD of £nil12023 - £2,652) to support the organisation. In addition an amount of £4,097 was due from Wesl Midlands Faith in Action LTD (2023 an70unt due to- £6411 al the balance sheet date. During the year the company purchased fixed assets from Eden Network Solutions Community Interest Company, a subsidiary company, in the amount of £27,77512023- £ni4. In addition, £19,800 {2023- £ni4 was loaned to the company and remains due al the balance sheet date. Page51

CHURCH OF GOD OF PROPHECY TRUST IA Company limiled by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Subsidiaries RAFFA International Development Agency. (company number 05976094 and charity commission number 11230891, a company limited by guarantee is a subsidiary of Church of God of Prophecy Trust. The company is not consolidated in these financial slalemenls on the basis il is not material to the results and financial position of the Church of God of Prophecy Trust. Eden Solutions Network Community Interest Company (company numbeT 120128681 is considered lo be controlled by RAFFA International Development Agency. The company is not consolidated in these financial statements on the basis it is not material to the results and financial position of the Church of God of Prophecy Trust. Page 52