2021-12-31-accounts

R•glst•r•d numb•r: 00654913 IEngland and Wl•• Charlty numbor: 311098 (Englnd and Wal••) SCI)40008 IS¢olland GRACE COMMUNION INTERNATIONAL {FORMERLY WORLDWIDE CHURCH OF GOD) IA Company Llmlt•d by Gu•r•nt••l TRUSTEE8' REPORT AND FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31 OECEMBER 2021

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) IA Comp•ny UThlt•d by Guirant¢•) CONTENTS Pago R•f•r•nc• •nd Admlnl•trtlw D•tall• Trut•e•' hport 3-14 Ind•p•nd•n¢ Audltor•' R•port 15-18 8t•t•m•nt ot Fln•nclil Actlvlti 19 Bal•nc• Sh••t 20-21 8t•t•m•nt ol C•#h Flgw• 22 Mot•• to th• Fln*n¢l•l 8tatem•fftts 23-43

GRACE COMMUIIION IpifERNATIONAL {FORMERLY WORLOWIDE CHURCH OF GOD) IA Company Llmlted by Guarantee) REFERENCE AND ADMINISTrATIVE DEfAILS FOR THE YEAR ENDED 31 DECEM8ER 2021 REFEREMCE AND ADMINISTRATNE DEfAIL8 FOR THE YEAR ENDED 31 DECEMBER 2021 Tvu8t• James Lambu Ray Walkar Gordon Brttéln Unda Halford Slmon WIl￿arn9 Maureen Wot8on Hlary Buck JameB Hender80n P8t8r Sh•ppord James E$om Davld Sllcox James Mo ￿r {Cholrl Appolntsd 2 Nov•mb•r 2021 Appolnlod 17 Jun• 2021 R¢$lgnod 13 March 2021 Retired 15 AugU8I 2021 Appolnled 17 Jun& 2021, re8l0n•d 18 AuguBI 2021 R8tSrad 20 Augu812022 Appolnled 2 November 2021 N•tlonl MlnlBtry T•￿￿ (Effectfvg unlll 9 May 20211 Gavln H￿r￿¢T30n 88ry RoblnBon Pet•r Mlll IOperallon8 Manager) {Ombudgmanl (M1881cm D•v•iop•rl Natlonal Mlnl#try Lo•d•r {Effe¢tfve from 9 May 20211 G•vln Hgnderson 8•cr•try to th TN•t••• Potsr Sheppard R•gl•t•r•d Charfty N•m•: Grace Communlon Inlemollonal N•me• Allo Known By WoTl¢tsld& Church of God Summer Educatbnal Programme (Summor camp Regl*t•r8d Offl¢• and Op•rallon•l Addr•8• 9 The Point Rocklngh8ffl Road Market H8rborou Lgkeslershlre LE16 7QU Page I

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD} (A Company Llmlted by Guarants•l REFERENCE AIID ADMIMISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021 Company R•glst•r•d Number 00654913 (England & Wal9$1 Charlty Roglst•rnd Ntsmbèrs 311098 (England & Wales) SC040008 (Scoland) Ind•pendent Auditor MHA Maclntyr¥ Hudson Chartered Accountants 11 Merus Court Meridlan Bu$lnes8 P Letcoster LE19 1RJ Bankev8 Bar¢lays Bank PIC 20 Hlgh St Market Harbcmu LE16 7NR Sollcltors Edward conn￿ Solicitors 10 The Polnl, Markel Harborough, Le¢ost8rshlre LE16 7QU Page 2

GRACE COMMUNION INTERNATIONAL {FORMERLY WORLDWIDE CHURCH OF GOD) (A Company Llmlt•d by Guarantsel TRVSTEE8' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Trust995 {who are also the dlredors ofth• Charlty for tho purposes of Iho CorryJonl•s Acll present Ihelr annual report tog8lhèr wllh the audlled financlal slat8monts of Grace Commurtlon Inlgmatlonal rGCI U￿, kn.. the charflatAe company, the Church. Charftyl for thè ￿ar ondod 31 Docombor 2021. Tho Truste&8 ¢onllm) that the annual rgport and fingndal statgmgnts of thg charftable company eompty with ￿rrent stalulory requlrem8nts, tha requlromenls of th• ¢hadlabk company's gov•mlng do¢uM￿t. Ihg provlsbns of th8 Stat8m&nt of Recommondod Practica ISORP} "AccountI￿d and R&portlng by Charflts" and Flnancl81 Rfjpob￿n9 Standard gpplEcablo In tha UK and Republlc of Iroland {FRS 102} laffectlve l Jinuary 20191- ICharlll•8 SORP IFRS 1021), and th• Compan1•8 1412006. Tha Chartty quolfflè8 88 small under S383 of the Companles Act 2006. A Straiegtc Rtport undor th• Companth Ad 2006 IStral•glc R•p)rl and Dlr•clor8' Report) Rggul8llon8 201318 not requSr•d. OBJECTIVES AND ACTivmES Vlllon and MIB•lon 8t•t•m•nt Th• m18slon of the Charfty18 to proclalm th• good ngW8 ofJ•8U8 Chrfsl whgn•vw and wherevor11 can. We tske care of th08e whom God ￿[18 Into our part of th• t￿Y of h1$ Church by In8plrtng and Iralnlng Ihem to 88rve and lovg other8, r￿9¢¢Ing th• way In whlch JtSU8 Chd81 lovès humantty. Thu8. Wg 8e8k to create a pos1￿¥¢ and a¢¢oun¢abl¢ 8pIrfIug1 •nvlronmenl In whl¢h tha Churth Ilves and 8h#res the G08po1 of Juus Chrlst In th• UK, In tho Ropublk of br•land, and bayond. To holp u8 a¢hlov• Ihls vlslon of 'H•anhy Church, arbd to fulfll our m1881on 8talemont ol 'Uvlng ar Sharlng thè Gospol,, Iho Church h•8 th• followlng four 8v•nu•s offo¢us'. T••m4••8d. Pmtor L•d Av•nu• l always pray wlthfvy because ofyour partnetshlo In th• 9￿P•11nyn lh• fvstday unlMnow'lPhlllpplan8 1.'4-S NIVUKI Th•n Polw stood up wlth tho El•vM, r8188d h1$ voke andaddm8•dlhe wwd. (Acts 2:14 NlVUIfj PASTOR GCI UK bollevo8 Ih8t 888enUal that Chur¢h 1oad&rshlp 18 te8m-b88od. To achl•ve th18,188dérs In GCI UK (both on a na16ono1 and loc81 ltrvtll 8r• •ncourag8d lo prgctlc8 th• 4 E's: Engag9, Equlp, Empow•r En¢ouragg. Thls m•Ans that our leadern s•ek to engage wtth the mgmberBhlp of tho Church a8 Ih•y look to recognlse and recrult new volunteer8 and poienllal19gd¢r8. Thèso volunt¢ews 8r¢ then •qU￿Pad by th leadershlp by investing lime andlor resources in $0 that they can dev&lop in Ih¢lr rn18 and In lum mulllply Ihèlr skllls ￿1h1n the coThJregatlon. Where hadership qvalili&B are ￿entified, potèntlal1&8dor8 can then be empowerod ty crealjng space for thwn to actlvely serve In leadersNp and ttjmmlssknlng th•m for the rolo. Flnally. thés8 volunioors are •ncwr8god by Ihe lead8rship on an ongolng b8818, thus •flmlng thelr $ultablllty for th• roi• and r•cognlslng tholr contrtbullon ¢0 tho ChurGh. Page 3

GRACE COMMUNION INTERNATIONAL IFORMERLY WORLDWIDE CHURCH OF GOD) IA Company Llmlt•d by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Hop• Avenue 'WhEn they saw him, Ih&y worshipped him. (Matthew 28.'17 NIVUKI 'Ev8ry day Ihey conlffnuod to m&&t tog6lh&r in th& temple courts... praising God enjoying the lavour ol &ll th& people. ' (Acts 2.4647 NIVUKI HOPE Worship $grvic¥s are a key parl ol GCI UK'5 aclivilies. and our aim is Ihal all our worshlp Servicos are cenlred on Jesus Christ and that they are inspirlng, brlnglng hope to all those who allend. This Involves intentional preparation lor our weekly services and a locus on belng an inclusive gathering that wtrlcomtrs p&ople ol all agas, athnicities, and backgrounds. Falth Av•nu¢ 'And 18achlng them to obey &verylhing I have ¢omm8ndad you." Imalthew 28'.20 NIVUKI 'They devoted Ihemselves lo the 8po$ll8$'168chlng and to fellowship. to the breaking of bread and lo prayer.,. fh$y broke bread in Ih6ir hom&s and ale logelhfrr with gl&(18nd sirt¢org h&8rts" (Acts 2.'42, 46 NIVUKI FAITH Discipleship Is a key part ol GCI UK'S activilles. The Church is committed to providing opportunities for people to strengthen their faith and to follow In the loolslèps of Jèsus Christ. This is done through Church events Ibolh on a national and congregational lèvall that provlde a chance lor people lo deepen their r81ationship with God and with on& 8noth*r as well as by providing midwèèk èvènts such as Blble sludles and prayer meellngs. Lové Av•nu• 'TherefO￿ go and make digoiplgs of 811 nallons. baplising them in the name of the Falher 8ncl ol the Son and oflhè Holy Spirll" (Matthew 28.'19 NIVUKI 'And Èhe Lord added lo their number daily those who were being saved.. (Acts 2..47 NIVUKI LOVE GCI UK believe that a 'heallhy Chur¢h" 1$ one thal is shtswing the love ol Jesus Christ to the world. This means that one ol the key objectives of the Church is engaging both the general public and the local community near where congregations meet and proclaiming lo them the Gospel of Jesus Christ through both our words 8nd our 3etions. Page 4

GRACE COMMUNION INTERNATIONAL IFORMERLY WORLDWIDE CHURCH OF GOD) IA Company Limlted by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Maln Actlvltles As a Church our primary acllvity is lo hold regular Iwèeklyl Church services. Th8sè s6Nl¢es are open to ¢voryon$, including the publlc, who ora welcome to join in and participate with us in worship and to hear a message proclaimlng Jesu5 Chri51 and his Kingdom, though we resetve the right lo refuse entry where and when necessary. We have 21 congreg8tions or fellowship groups that meo1 wagkly and a lurthÈr 15 that mèèt on a l&ss frequent basis throughout the UK and Ireland. Our servlces in Ihesg congregations providg a $819 anvironmenl lor people lo celebrate tho Church's beliefs. Experienced local pastoral workers provide support lor people through biblical counselling, and, In Ihe case of ordainéd mlnlstry, Ihrough parforming mlnist8rial duties such as wedding5. funerals. and offering general assistance where possible or whèr8 needs havtr been gxpressad. Ministers and approved pastoral workars ara oftan askèd lo give biblical counsel and comfort lo the Sick and leminally 111, and lo bereaved r81811vès and frlen(Js. Often such services are provided lo people with little or no prior Connection to the Church and are providgd free ol charga. We ¢ommuni¢at8 ragulorly to our m8mb8rs and Church contacts uslng varlous dSfferent lypas of comrnunicalion mtrdia. A m8mb8r latter was s&nt out by post every month in 2021. In addllion, &ach rnonlh one of two in-house produced magazinos were sent wllh the letters. The Because magazing, which ceased publication during 2021, was an outreach magazlne deslgned for those.on the edge ol spiritU8llly' and aimed lo encoura9è ond support those who are beginning lo ask questions 8boul God and lailh. The Belong magazine helps lo en¢ourage our exlsling members by developing their fallh through toplcal articles and providing updates about ovr ¢urrtsnl projects and 8clivltias. These is no charge lor the m8g8zines or the member l•ller that rnembers receive, which ha6 a circulation ol lust under 800 mernbers. The magazine5 are also available on our wobsltgs. W8 Also produced a daily Bible study 68ries in 2021. ¢811e<l Word of Llfe whlch is published on our website wnr(101111 ra(:eraii) r.liurr.li. The sludies are Ireely available, and we also offer an emall subscription allowing members and contacls lo rocolvg th& Study ea¢h day In thèir Inbox. The project has a signiflcanl proportion ol international readers. Several ol our Congregations now also offgr online access to services uslng both Zoorn and Facebook Live. Additionally, we offer weekly Bermons nationally VIB our YouTube channel.. hll 5.Ilwww yoiiliibe.conilclGCIUKandlreland, a5 well as ollering live-$lre8rned Biblè studles every fortnighl. A11 our online 8clivilios, both al a national and congregational level, can a150 be acc8ssed via our website www. raceconi church. The Church 8150 puls on confèrèncès, holds celebrallon events and organises sumrner ¢amps for children and teenagers. In 2021, celebration events war6 held in Larborl, Galway, Bridlington and Paignlon and Adventure Camp. an aclivily camp for youn9er children, was held in Kèllèring. GCI UK is a member organisation ol the Evangelical Alliance and many of ils congr8galions are members of Ihe Churches Together network in their respective areas. GCI UK 15 keen on working wilh othèr Churches and erganlsalions to further its mission of Llving and Sharing the Gospel. Volunteer8 We are greatly Indebted to all our volunteers for their dedication, time, and skills.. in Pa￿'Cular. to the over 100 voluntary pastoral workers, without whom the Church an¢J Charity CQLJld not provide ils services. Because of the Covid pandemic, 2021 wa5 a particularly challenging year lor our Church and Page 5

GRACE COMMUNION INTERNATIONAL {FORMERLY Im)RLD￿DE CHURCH OF GODI (A Cfjmpany Llmltod by Guarant•ol TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 W8 are very appreclatlve ol our mlnl8tsrs, ¢ororogatlonal l•ad8f8 aThl pastornl Cl￿n￿l membar8 who h•Spad ko•p tho connethNy alrve in our Church in dlfficult dr¢um$tanc•s. We aro akn vfjry gratefijl for th08e who helped wrlto, promot•, and producfj our magazlne8 8•¢au8 and 8thg, and, 81s0. for th080 Involved In our dally Blble study Serles Wonl of Ufo. Flnalty. whlle our maln $umm&r camp for t￿nag￿r$ was nol ablo to proce•d In 2021, w• ar• apwe¢l8lbVO of those who work wf(h our Youth. Publlc 8•n•fit QCI UK. 88 oulllned above, carr￿8 out numerous adv1￿9$ to achlev& Its alms and oblectfves. The Trust•e8 consldor thgt Iho$9 aotfvths provlde a publlc beneffll both In lems of the redomptlve work of the Church a8 w&ll as th8 8o¢lal oulr•a¢h thg Church engagos In on reglonal, naUonal, and Inlerngllonal lev818. They have conBldered the guldanc•188ugd by both th¥ Chgrlty Comm188lon and the Office of the S¢ottl$h Charlty Re9ulgtor on Publlc Benefft In th15 regard. In partlcular th• Trust•es would Ilke to emph&81$0 th• Clwrch'$ d•$lr¥ lo bg Incluslvo, whor8 wg $trfve to make the 8ervlce8 and &vents that wo run open to all and endeavour not to pr980nt a financlal ba￿08[ to attendance and Part1￿￿tIon. Our onllne sorvkes have b•en partlcularty h•lpful In h•lplng our b• mor• Inclu81ve of those who 4r• ungbl• to attend duè lo health or oth•r Te88on$. ACHIEVEMENT8 AND PERFORMANCE Achl•v•m•nl• and Pfjrforni•nu 8umm•ry Tha gbbal coronavlru$ pandemlc had a glgn5fflconl Impact on our Church In 2021. Due lo both gO￿rnm•nI regulatkJn8 and hall htre r•slrtdons, many of our congroga11￿8 were unoblo to meo1 Fthyslcalty al Ilme8 durlng 2021. wlth 8om8 unable lo meo1 al all. The pand8ffllc a180 rneanl Ihal some of our laadershlp development plans were delayed. wlth retrg8ts for our dev8kJplng loader8 canCel￿d 8nd our denomlnatlonal conference havlng lo lake P￿¢ vla Zeom as ¢)PPO8od to mggllng physlcally. Wher• our ¢ongregatlon8 were ablo lo maot In the year, we often h•J lo redu¢• Ihe s&Nkes wo offergd In Ilght ol covld ro8trlcilons lo.g. nol offerlng refTeshmonVfellowshlp, congregallonal ¥lnglng wa$ nol allowed. etc..). In msponse to those chalkgnglng clrcumstances, the Church contlnued lo provlde nallonal 88rvkes vla YouTube and Zoom. Thls Indudtd a vlrtual Cglebr811on th¥1 r8n from th9 26-28th of February 2021 whlch Includad a number of vlrtual actlvllles In athjlllon to 8eNIc8s. g.g. fdlowshlp tlme, 8 qulz and a muskal •venlng. Our annugl d•nomlnallonal conference 8180 t¢ok place vla Zoom on th9 19-2011 Jun• 2021 and included a numbor of prO￿ntAtIonS os well as a Q8A sesslon for our ministry workws. Fortnhtly Blble slutha8 took place vla YouTub8 whlth, In the flrst hair of thg y•ar, IndLKl•d bolh Series on sp8crfi¢ toplc$ 88 well as a sgrlos Lxiverfng spedffic books of the Blbl&. In Ihe So￿nd h8W of thg year, Ihe Bible sludles coverod first part of our Belbvg" wies whtch covers the cor• beliefs ofthe Chrlsllan faith. Afree workbD)kwas dl8trfbut•d lo our mambgrs gnd contacts so they Could follow oknng and make thèlr own not68. For th099 wllhout Internel. many of our congrogallon$ arr*ng￿ lo ￿n￿ out CDS of 58m￿nS and, in addlllon lo our regular Mal￿ng. a spgclal odilon of our Bolong magazine was sgnt oulfor Easter. Acopy of the book S•rnftg Sinklng ty John HlrKlley was al80 Includod In th1$ molllng ¢0 our memboTS Page 6

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) IA Company Llmlted by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 and contacts lo encourage them al a key lime ol the year wh&n many of our congregations were unable to meet due to a lockdown. In April 2021, Ihg ¢J¢¢islon was mado to ¢on¢o1 our long running Because projecl. The aim of the project had always been lo reach people on the edge ol spirilualily bul a challenge was that il was not consistently reaching ils intended audience. This problem was exacerbated by the Covid pandemic whlch sloppèd thè magazinè balng h8nd8d out door lo door In areas near our congregations, and il also meanl Ihal copi88 were no long8r able to be lèll in a number of venuos1o.o. libraries and waiting rotsmsl. During the year, including during Covid r8lated lockdowns, thrèè of our congragallons offered support lor homeless and low-income families a soup kitchen waB offered in Llanelli and homtrl$$s outrèach initiatives look place In Market Harborough and Glasgow. The Church also sponsored several of our volunl8èr$ and •mploy88s in the ar•a of Iheolooical educallon, both wlth local UK Instltutlons1o.g. the Queen's Foundallon. Birrningharnl as wèll as our denominational a¢¢rediled seminary Iww.g¢s.8dul In th8 US and our denomlnational sèmlnary In Australia Iwww.dmbasLoI.Of Due lo the Covid pandgmlc wa hBd to canc81 our Bummer carnp for teenagers In 2021, howev8r, wg are pleased we were able to go ahead with our Adventure Camp Ifor children aged 7-131. Adventure camp wélcomed over SO chlldren and staff In 202110 the Sir John Lowlher Scouting cenlrè in Kallering lor the August b8nk holiday wetrkend. The camp ran a number of activitles such a5 go-karting, Christlan Ilving, tunnelllng, soap maklng, archery and pebble palnllng. Addllionally, several cebbrallon events were held during 2021 for the first lime slnce the Covid pandemiG bggan. C8l$bration avènls wor6 held In Larbert. Galway, Bridlington and Paignlon and tha theme lor the celebrations was Ephesian5 3.'17-18 INIVI, And I pray thal you, belng rooted an¢J &stablish•d in love, may have power, 109Other with all the Lord's holy people, lo grasp how wide and long and high and deÈp 15 thè lovtr ol Chrisl" These events fealured both traditional worship service8 as well a5 seminars and fellowship events. The ¢ombin•d 8ttendance ovar all four avenls was over 240. The Church alsts continued lo run Its Llfe Club project whlch teaches public speaking skills lo all age groups. Geoff Sole, who runs the project, continuès to advlse GCI Gongregalions around the world with respect lo running Lifè Club5 8nd has lacililated gelling the Life Club manual Iranslaled into a number of18ngiJages. In 2021 there was, lor the first time, an International Llle Club that look place via Zoom and lealured speakers Irom Ghana, Malawi, Kenya, Madagascar and tha UK. Admlnlstratlon & Manag•m•nt In 2021 the leadership 51ructure ol the Church was Changed from a thr8e-p8rson National Minlstry Team lo a National Ministry Leader. This change in structure allowed a wider land Gonsequenlly more diversel team structure lo be used. Subsequently. the Pasloral Worker role changed from a pari-time role to a fvll lime Regional Pastor role. The aim of this latter change was to reflect workload expectstion5 8nd to Incrèas6 the support given to our ctsngregalions. During the year there were some changes in employad parsonnèl. In part￿cUlar, the Church would like to welcome Anthony Dady who began a5 Regional Pastor in August 2021 and to say thank you and goodbye to Richard Fow18r and David Gibb5, both of whotn left empltsyment in the first hall of 2021. Page 7

GRACE COMMUMION INTERNATIOMAL (FORMERLY WORLDWIDE CHURCH OF GOD} (A Company LImIl￿ by Guarantee TRUSTEE8' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 In addlllon lo the above, the eo8rd ofTrusto•8 8180 held a slgnlftcant revlew of the Ch?rfty'$ govemlng documents and In Decemb8r the Chartty passed a speclal rgsolutlon to update and modomise des of Assoclatlon. The new arUc￿$ gnsure tho Charlty 1$ up to datg wSlh currenl legisL9￿On and allow8 the C￿reh to take advantage of n8W techncdogy Ihat was not av8llabl• vthen the orfglnal article8 r• created. GCI UK ha$ 0160 oontlnued to revlew 4r￿ upd81& Its poll¢l•$ and to 888fj$8 Ihg rl8k$ faclng ihè Charlty. During 2021, Covld rlsk 8ssewn8nt8 W•Te reguhrty mlew¢d and updal&d 8$ Iho guldan¢8 from the govemmenl changed durfng the wir88 of the pandwnic allowlng a numbor of our congiegatlon8 10 rntsjm lo phy8lcal 8arvlc•8. 8TRUCTURE. GOVERNANCE AND MANAGEMENT N•m• The r8glst•r•d name of th• Charfty wa8 changed from Worldwlde Church of God to Gr￿ Communlon Intemallonal on 2V June 2022. Grace Communlon Intsmallonal had pMvlou8ty been uo•d •8 8 tradlng name by th• ¢h•rlty lor • nLKnbor of yoar8. Con•titutkni Grace Communlon Inl•rnallon81 wa$ In¢orpor4tod as a ¢ompany Ilmllod lry gvarant80 In 1980 and regb19r8<1 a8 a Chartty th 1963. Th& Charlty Is govorned by Artld08 of AswclAtlon that were last updated on the 12th Dfj¢ombor 2021. Th18 8lgnlficanl update was dono In consulta￿On wllh our sollcliors wllh Chthrlty Comm￿$10n approval obtalnod fcf chang•8 to Ihe Charlty's oblects and clauses rolallng lo Ix)Ih Trustee beneffits and wlndlng up Ihg Charfty. Theso chongas war8 d881gned lo brfng tho artl¢lo8 of8$80claUon up lo date wlth curr•nt tagl$kg1ion gnd ¢hang¥$ In le¢hnology th81 hov8 tak8n place ￿nce the Charfty wa8 orfglnally Inc¢)rpOrat￿ le.g. lo tak8 advanthgo of vkltOwconf•renclng and the u80 of •IKtronlc modlal. •thod of Appolntm•nt or •l•¢¢lon olTrn•t••• ind Trnlnlng Poll¢l•• As $81 ¢)ul In th8 ArUcle8 ofAB6oclatlon thero are g mlnlmum offlve Tru$tgo8 and a maxlmum of eleven. As 0131 D8cemb8r 2021 there were elghl TNSto&8. Tru81098 are ¢l&cl•d ac¢ordanc• wllh th8 Artlcles of A860ciallon for a term of threg yaor8 and moy stNe If 80 è18ctèd, for Ihret tem8, b&fore nomially bglng r8qulr8d to sl8p down lor at leasl one y&ar. Trustees ¥ie requlred lo 8btd8 by th• Code ol Ethics for Eldors and the Grace Communion Inl¥matson81 Slal•menl of B&lSets 8$ publlsh8d by Graco Communlon Int&malonal USA IGCI HQ) based kn Charlotte, USA. Th6 Boord of Tru$t88s consldors Dlverslty, Equ811ty and Incluslon wh•n sel8clSng Twslees and alms to hav8 a Board that nol only ha$ a good mlx of skllls and 8xperlen¢e bui al80 r•flecl$ dlv•rslty of our m•mb8rB and the p8tsple ￿ are 8ervlng as g CharSty. AJI ngw Trustee5 #ré given coples of th• M•morgndum and Aruclgs of Assoclatlon. IrKluction18 provlded In thè fom of¢<>plas ol pr•vlous mlnutes and coples of the latest Govem8rKg & L8adwshlp magazlne and Ch¥ity Commls$lon News. Each new Trust99 1$ al30 provlde(I wllh a ¢opy of the guldance a¢fvlce for new Tru$lo•s l$su8d by the Charfty Commlsslon ar￿ Office of tha S¢ottl8h Charliy Regulator. Trustees ar& also kopl up lo datg wllh tho avallablllty of coursoslsemlnars on Tru$l8•s' rg$ponslbllltles Ifunded by the Charltyl. In 2021. threo Trustaes aitended Trustee tralnlng courses. Page 8

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) IA Compny LhMI1￿ by Guar￿tee) TRUSTEES. REPORT FOR THE YEAR ENDED 310ECEMBER 2021 GCI UK doos not glve remuneration lo Twslees feA Ih•lr role as Tru$lee. 11 do68, however. h&lp cov•r ihe costs of Ihelr tr¥vg1 and the tralning roqulrgd or recommgndgd for thgir duti9$ a$ Tn￿tee￿. A8 p8milttod by thg Art1￿￿ of A$8od811on, Oach Tru8tea has ts b8n8fft of an Ind•mrty, whl¢h Is a quallfylng thIrd-￿rtY Indomnlty as d•fln•d by SKtlon 234 of tho Compan188 Act 20L￿. Tvu•t•• Chang•• In 2021 In 2(Y21, Jamos H•nd•rnon r6slgn•d A$ a Tru8t•• because ho had a famlly connth to oné of condldate$ belng consldorod for the new posluon of NML Ito eTh&ure there w¢yJld be no po88lble conlyicl ol Interest or loyalty the appolnlm&nt proc8881. In Jung 2021. ￿ now Truste8$ wffie appolnted- Hblary Bu¢k and Jam•8 E80m. In Augusl TrL¢$Io88 $I•ppod down from the Board wllh James Esom reslgnlng #nd Peter Sheppard rellrfng ho￿n9 8•Ned 9 years on tho 808rd. In Dgcfjrnber 2021, Ray Walker was 8ppo(nl8d as 8 Tru$lg9 to Boord. Th¥ Chur¢h would Ilke to thnk Jam08 H9nd•r￿ft. J8m•# Esom, #nd Pet•r Shèppwd for ihok s•rvlc• to th• Church 98 TnMIM•. In August 2021, thè Trusle•s amend&d th• Arttcles of th• A$￿clOt10n to allow a Tnjstee to sthy on beyond thelr normal 3 t•rm8 In ex¢8pllonal clr¢um8tonus. Folttrwlng Ihlfy the Board agreed lo oxlend the tom of Mr Davtd Sllcox for fjn gddltlonal year to allow hlm lo htlp flnall80 tho ov&rhoul lo the Church'8 8rtkle8 of a860¢1alton Iln whl¢h ￿ had been h8avlly Involved). Durlng th18 Ilme Davld Sll¢ox seryed 1$ Chalr of tho Charlty. James Lambj wa$ 8ppolnl•d Chalr wh•n Davld Sllcox stepped down as a Tru810• In Augu812022. Organl••tlonal 8tru¢tyrn and D•cl•lon M•kSng GCI UK18 govom•d by 8 ￿￿[d of Truslo•8. whlch me•t$ at I￿#1 four tlm•$ è year to.. Agree the pollcy of Charity Detomln& slralogl¢ dlroctlon and oblectfvt• RaUfy major dec181on8 on #nd monltor th• u80 of financ08 Rovlow man8ggmenl roport8 Bo4rd Commltt••• SulF¢ommlitees, If no￿8￿ry, are 8pp)Inled on an ad basls and dlsbanded Ythen they have completed tho task for which they am formed. In 2021 there woro three 8ub<0mmltte￿.' th8 Nalonal Mlnlsty Team's remun8rollon SUb￿mM￿88. the Lead8Tshlp and 0￿ratIOnal Struclure sul committ0& and an App881 Commlttoe 8•tup lo hoar an gppgal ￿latIng lo gn gmFloyfje grlevance. IDtsm•tlon•l Conne¢tlons GCI UK oporates as an organL£ailon assoclated wlh GCI HQ. Although capable of Independent Opgrallon, GCI UK has wllllngty sub¢xdlnoled Itself In docldnal matters to Ihg GCI HQ Insofar as It does not brtng our Church and Chartty Into ¢onflkt wth UK law8. Addilionalty, we have a workirvJ relalionshipwilh varfous Grace Communion Intgmatlonal orgonlsations ov•r3eas- in particular Ihost based In Europe. and. upon Ihe request of tho Prosklenl of GCI HQ. the Church agreed that James Henderson. our former Nat￿nal Dirnctor and one of the U￿3 minlslws. Page 9

GRACE COMhlUNION INTERNATIONAL {FORMERLY WORLDWIDE CHURCH OF GOD {A Company Llmltsd by Guarnnt••) TRUSTEE* REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 would the Tole Of1￿ Denomlnatlon81 Superfnlendgnl for ELmpe. As he Is nol pald for th18 rokn, w• have acDJrdingly agreed lo 8ub$ldls8 h1$ expgnses vhthln our budgatary lIm￿at￿)n8. In addlllon, w• 8o•k to support •nd valua our Intemallonal ￿)nectIons, atthough du• to tho dlfflcuty in Intematbnal travel throL¢ghoul much of 2021. thh was mosffiy Ilmlted lo ffingnclal 8UPFth and vlrtual support vla Zoom. Op•r•tlon•l m•n•g•m•nt Al tho teglnnlng of 2021, thg general management and 8tr8legl¢ plannlng wa8 d&logal8d lo the NMT wtthln the guldellnes of tho Board's Ml881on St8tement 8nd wlthln the vlsbn of the d8nomln8llon. Th• NMT rgPQrtgd regularly to the 80ord ind lo GCI HQ and 8UPPOrtod by Sts $laff ¥￿th whom 11 nsuknd r•gul•rly. In early 2021, the 80th appdnlfjd L••dershlp and Orynlsaoonal Structura sUt￿cOmMItte￿ revlewed lh• k88d•rshlp Structure of the Church and followlng the $ub-¢ommRto&'$ T9￿MmandalkIn. agreed to mov• from a Ngllonal M5nlstry Team 8truciure to 8 Nattonal Mlnlslry Leador stNdure. In May 2021, after havlnp Inlerylewed ¢andlda¢os, the Board of Tru8188s appolntad Ggvln Henderson 88 the new Nallonal Mlnlslry Leader INMLI. The 8ooTd18 k￿n for th• now Nailonal Mlnlth L••d8r lo contlnue to have • tgom-b888d approach. •n•g•m•nl R•mun•ratlon The NMT'S 8algrfé$ woro d8temilned by a Bub40mmlttéè of tha Board ¢onsl8llng ol Ihe Honorary Treasuror and GCI'8 Europgan Supgrlnlendenl. When tho NML wgs gppolnlod to ieplace the NMT h18 alary was approved by th• Board followlng g r8comm•ndatlon mad• by tha Company Sec¥etary. Th• larfos ofstaff wor8 seen and approv•d by thfj Bofjril ofTru8t••sgt Ihe Nov•mbgT 2020 Board m8eUng Whe￿ Ihg budgot for 2021 approvtd. GCI UK sttks to èrffjurn thallts 8taff aro pald approprfaloly but nol exces$lvo1y. FINANCIAL REVIEW GCI UK onded 2021 In a po8lUvo financlal poslllon. Whll• our In¢om• w48 off8¢¢•d by Covld, many of thg donallons wé receI￿d were sent lo t￿ Church dlr¢ctty &llh&r by ch?qu• or bank tr8n8f•r. Th18 mèant th81 our flnanc8s worn not slLmSficanlty affected by tho Inab116ty lo take up physl¢al offertng$ due to Covld r8strkllon$. The Churth ended tho flnan¢lal y￿1 wlth Its Income s￿nIfic￿ndY oxceedlng expendllure. The Covld pand•ml¢ sIgnIfi￿n￿Y r•duc•d our expendlknlle lor the year. ￿1 of our congregallons mwl In hlrad halls or at membeTS' home8, th1$ moant Ihat tham woré no costs for our congTegaUons w￿n they wer• unablo to me81 duo to Covld Teguk8tlons. Th18 mo￿1 our hall hlre &xp9ndMure w88 slgnlficanlly under ¢xp&ndlluTO for th& year. Traval and mlleage expense5 were also heavlty r•duced 89 thgrg was significanlty les5 travel. ExpgndlIU￿ was also ￿dU￿d by the cancellation ol SEP, our summor Camp lor t8•na￿r$, ond by our denominalional conference belng held by Zoom Instèad of taking pla¢• as a physkal meetlng. The two S￿nth¢an1 are88 whwe our oxp•ndlture Increased wero gal eX￿ns9$ (ln part. due to advke rela￿n9 10 8 8ignifi¢anl ovgrhaul 8nd modornlsatlon of the Church'8 Memorandum and Artldes of A880¢1atbn) and computer costs. The Church dld not n••d to call upon any of tts reswve8 In 2021. Page 10

GRACE COMMUNIOM IiifERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) IA Company uMft￿ by Guar4ntsèl TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEM8ER 2021 ••r¥•• Poll¢y Tha Board of Trustees has establlshed that the levol of r¢s8rv¢s In ¢osh or cash equlvalenl shoukl be al least SIX months. operating gxpons8s. Thls level of reserve wa8 malntafned throughout 2021. Foll￿n9 Chartty Comml581on guldarKt any penslon s¢hom¥ surplus 18 not refie¢ted kn the 18vel ol re8ems, as they do Ml reprgsgnl an Immediatgly realisable asset. At 31 Dacemb8r 2021 the tot41 funds compd88d: R&slrtciod Unro8tr1(•d: Penston rnsem Unro$trfctod: othor £13,539 £195.471 255591 Th• Board of Trustees has establl8hed that the18vel ol reserves In ¢8$h or ¢o$h gqulvolonl should bo 41 least 8L¥ months, opgrallng &XP8nses (for 2021 Ihls was d8tèmlned lo ￿ £290.0001. Followlno Charfty Comm18slon 9uldance any penslon 8them8 surplus bs not rèfleciad In the level of re80rvo8, as th•y do not represenl on Immedlal8ly raallsablo assgl. Th• Charlty's r9$¥rv￿ hold In 2021 wèr• Jlgnlfl¢anlly gbove tho slx month's op8ratlng expenses. For a numb•r of years tho Charlty ha8 op8ral•d a pollcy of not budgollng for ￿9&¢19$ Ivthtch. due lo Ihe 8128 of our oroanhallon aro not 98sIIy pr•dl¢tabi•l- Inst•od, the Board of Tru8te88 ha8 delemkned Ihat funds abov• budg81 should bo kept In r•8or4• to ￿1P prnvlde 8n o¢JdlMonal revenu• $tream for th• Charfty In th• ILrtuM. InvMlm•nt Pow•rn and Polky GCI UK'8 con8111utkJn allow8 th• Board of Tru$tO8s lo knv8sl rnoney not Immedl8t•ty requlrnd for purp0888 In or upon such Investmonts, s8curlUe$ or propoty as may be thought ffl. The Board ofTrusleo8, hgvlng regord lo Ihg Ilquldlly requlroments ofop8rallng GCI UK ond tha r8s8TV88 pollcy 881 out abov8. k8pt funds In 2021 Sn 8 'Tary8ied Return Fund,, wllh BaTlngs Asstl Managgmgnl and Newton'$ 'Grovrth and Invostment fund for ch8rlll•8' lo piovld• 8 r•v•nu9 $tr8om for the charNy and dlverslfy Invgstrnanis. The Charfty a150 had funds In Ctodcal Modlc81 gnd CAnada Llle Invèstmonl vohld&8 In 2021 as part of a logacy that had b••n recelv8d In a prlor year. The Chorfty dld I￿1 Invest dlre¢tty In tho tobacco Indu8ty. In 2022, the CharNy Is plannlng on movlng the Church's Invgstments and reserves Into lund8 that h8V• graator allgnmeni wbth the Church's ethlcal poslllon. fvnd$ would b& Invested in a 2..1 ralo betr4￿n provldlng capKal gro¥th and Incom8. This would hejp on8uro the long-lerm vSablllty of the Church In Ilghl of th& ujrrgnt flnan¢lal pressur05 fa¢lng the chanty a¥ well as providing optlons for slrotogl¢ ¢gpltal InV￿lMents1O.g. pur¢haslrwJ or bullding a new chU￿h h¥lll. Fundrnl•lng Most of tho irKom• for tho Church COM￿ from donaltons as opposad lo fundralslng. Whllo the Chur¢h gncourag•s members to support the Church finan¢lalty. tha Church $tross8s Ihat momb8rs Shou￿ onty give as they aro oblo. In 2021, 9 ragular momber letter was Sent out in a m¥lhol. Each mallshol ¢ontslngd a donatlon 8nvalo￿ in case recip￿￿13 wanted to help Support the Church financlally. In Pa8e 11

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) IA C¢)mpany Umlt•d by Guafanto0} TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 •JdWon, offorlngs wore tsk¢n up 8t our Celebrauon events and In sorne of our conkyegalkins durfng the year. The CPwr¢h ¢oryli•s wlih lh• law aB It app11681o charltle8 and fvndrn68Sng and In 2021 dkl not U8e Ihlrd party or prolesslonal fvndralsers ond reoelved no complalnts In relalbn to fundralslnu. Du& lo the vgry Ilmlted nature of the Church's •¢llvelundr8lslng. th• Church h88 not St￿9d upto the Code olfundraislng pra¢llcA- howgver. the B08rd keep8 its poslllon undèr revi8w and18 keen thal th• Church folbjws bg8t fiJndra161ng pracllcos. No $po¢ifi¢ l￿drAIsing acllvilies ara Gurrenlly planned fot 2022. Indlg•nou• In¢om• The InDJrno of OCI UK 18 prodominanlly derfvad from don811on8 from 118 congr•gatlonal members In Gr8818rftsln and Elre wfth occa81onal ¢ontrlbJllon8 from non-m&mb&r8. As In pr•vlou$ y&ar8, full dvantage h88 been taken of Glft Ald tax rellof on 8llglble donaUon$. Addltlonally, a Small propjrtkjn of thè Charlty's (ncom• ¢{Tha8 liom Incomo artslng frorn InveBtment iatum8. P•Thiltyn Sch•m• Tho Church op•r81•8 • dgfined bgnofll pa￿10n 8chem• call8d Ihe P8n$bon and Llfè A88urance Plan of the Worfthlde Chur¢h of God (Wcildwld• Church of God 18 th• fomi8r nfjmo of Grace Communlon Intornalbnal). The Schome has b&an ¢1088d lo now m&mb&r8 SIn￿ 2004. The r•¢•nl $chgm8 lundlng valualton 8how•d tha scheme had moved to a d8fficll havlng provlou8ty been In 8urpluB. The1oBI actl MoM￿r of t￿ sch•me retlrnd In 2015 loavlng only dgf•rrod membgr8 98 non4nsurod Ilabllttles. A rocov&ry plan h¥8 been ggr88d wmh a payment of£24.900 pald In 2020 and £49,800 to b• p8ld In 2022 and a flnal paymenl of £24.900 to be pakl In 2023 to addre88 the dgflcbt. FI•￿1 R••pon•lblllty Thg Board of Tw81888 requlr88 IhAI the executive of GCI UK operale a balanced budggl. ba8gd on nfj¢lpalfjd Incom• and Expendttura for the year. The Board had detemiln8d Ihat any Incom• In exe• of expgndllure be 9$8lgn611 to prolect8 8￿geSt8d by thg NML to Iho Board of Tru8tae8. Unlll I￿n funds should bo Invegled to provlde addlllongl rgvonuB for Ihe Church In the futuro. Rl8k m•ng•m•nt Ind Int•m•l ￿ntrOl The Tru8te88 en8ure that maju rlsks to whkh GCI UK 1$ oxpo8•d gre rgvSwved gnd assessèd and that $y$lems org place lo mmigalo thoBe rl8k8. The Trustees have agrnod a rf8k m8n89omonl polky lor whlch they hav¢ overall r¢$pon$lbllrty. Operalkn81 re8pon$Sb115ty wa$ dalagaled by the Twstees lo th& Natlon81 Mlnb51ry Leader ènd his Staff. A d$k regi$t¥r Idenlmes rlsks an(J a88￿n$ 8peclllc 8Ctlons and respon￿bIlItI9$ for mlllgatlng th& tsks. The dsk management process Is onoing. Th& Truste8$ consider that a malor tl$k Is c4)• that hag o hlgh likellhood of o¢currlng and wouhl, if il occurr•d, h8V severè Impact on operational perforni8nce. Thg Nailon81 Mlnlstry Toam reported regularly to the Board of Trusts•8 on major d$k$ ènd they arg bolng managed. Th& Trustees expgct all Staff and volunlgers wh8n engaglng In any aCt￿lty on behall of GCI UK to conslder the rlsks posed and to act In accordan￿ wth th¢ rlgk man¥gem&nl pollcy and procedwe. All Incregs88 to owolng or new actlvlttes are rl8k 8SSg$8od prlor to b&lng introduced or undartaken. Page 12

GRACE COMMLINION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) IA Company Umlt•d by Guarant••) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustees want lo be rfsk alert but do not wlsh to b8 overne lo laklng reasonable dsks as part of the Board'$ stra18gy lo a¢hleve the obledves ol GCI UK. Al kgy policles wthin th8 organisation were regularfy revlewed and updated as apprcyrlale to r8fi9¢1 1ogl$latfve ¢hang8s and tha laiesl d9v91￿)MentS In thls aro0. In partl¢ular. ngw Covld rlsk assessments were mad8 for the Church offl¢e 8nd lor all ¢ongr•gallon8 that re8um•d phys1￿1 $ervlces aftar r•turnlng from the hlalus cauBed by the pandemic. Tho Board has IdonlNlod four major rlsks to Iha Church. The first18 the age of115 memb8rnhlp. Thè Increaslng ago of our volunto8rs mèans that some of our con9rogallons oro havlng to meet 1888 frequenlty, and the Increas5ng age of our members 8180 has an Imp8¢1 on our flnances 08 our regular donors reUr8 81¢. Another major rfsk to lh8 Church Is the Church's ponslon sch8mè: Ihe full Impact ol Covld and the current cost of Ilvlng crt818 18 not y•1 clear on the Penslon $¢h8m8. The penslon scheme w98 dosed to new mgmbers Sn 2004. no longer has aclfve members lonty pen81onors and defarred nslonersF howevgr, duo lo Ihg of th9 penslon fund cOm￿Ted to our annual Incom&, Ihl$ remalns a slgnlficanl ￿nceM. The thlrd rlsk fadng th• Chadty Involves dwficulty Ihol haB boen •xperlan¢ed In retumkng lo physlcal 8ervlceB aft&r Ihe sxolonged absence ¢•u8¢d by Covld. Th• 1gador8hlp ha$ •n¢ouraggd lo¢al Zocxn m•gllng8 and 8•rvke8 and contSnu•d wllh ￿eklY YouTub• broadcasts th81 were Started In lh• Pandemk to help combat thls. Flnally. Ihe la81 rlsk faclng th• Church IB the Ios8 of members due to doctrlnal dfvl8lon8 land r•sullanl changos lo I￿Ur91¢01 pracllc81 t￿{ arè 18gacy of Iho Church's p08l te•chlng8, The Church18 commltted to handllng these dlvlslons tn a bvlng and carfng way lo ty to mlllgal• th18 dgk. Thlrd party Ind•mnlty In•ur•n¢• Th• ChU￿h p8ys th1￿ pfjty118blllty In8urnnc• In respect ol the Trugto01 and $•nlor manggomonl. PLAN8 FOR THE FUTURE A focus for 202218 ro￿PenIng our congreg8llon¥ followlng Iha Covld pandemlc. A8 a number ol ow Iler f8liowshlp group6 w611 not b8 ablo lo go bock to megung weekty wè have bgen doveloping plans to support Bome of our larger ￿ngregatIOnS In offerlng Nendod Zoom {1.8. so that membern can be Involv&d bolh physlcally and vlrtU8llyl. Th1$ would allow membern of th• smgllor f•llow8hlp groups ¢0 8omellme$ ail&nd the $orvIe￿5 of the18rger ￿ngregatIons, 1118 8180 th& hopg Ihot In 2022. the Church wlll b8 ab￿ to resume 811 the conferences 3r￿ summer camps that were In operation bgfore tho Covfd pand•mSc b89gn. In partloular, thig mean that our sumTh￿r camp for teenagers, SEP. wlll retum to Bay In W9188. Tho Church 1$ alw looklng to outsour¢g ￿ffle of Its finance gnd admlnlstratlon rO￿S In 2022 10 froe up more tlme for existing employees Iparticularly Ihe NMLI. By takln9 ¥dvantag• of oulsSdg expgrtise Ihls wlll allow the Charlty lo conllnue lo en$urè11 is m•etlng bgst procllces In these areas. Addillonally, the Church plans to conllnue to expl￿8 the lour avgnuo8 ol'hgaAhy Church" as ouulned In the obleclbves sectlon above. In Ih15 regard the Reglonal P￿torS 4￿11 ¢onlnuo lo work wlth thelr developlng laajers In thelr regtons, and a nattonal conference Is planned vAth Dr Greg Wllllaw*. th• Presklgnt of the d•nomlnatbon Inlernauonally. to attend. Page 13

GRACE COMMUNION INTERNATIOMAL (FORMERLY YIORLDWIDE CHURCH OF GOD) IA Company Llmlled by Gu•rantw) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 FUNDS HELD AS CU8TODIAN TRUSTEE ON BEHALF OF OTHERS Tho Ch•rfty do•8 r￿( hold •ny 8u¢h fund8 on behawof any Oth￿ oryJani$•titin8. TRUSTEES, RESPOMSIBILrriES STATEMEiir Th• Trus1￿& Iwho 8re #180 the dIr￿torS of th• Company lor lh• purp0888 of c4)mpany lawl ar• responsible for prgparfng the TTU8ts0$' R•port and the flnanclal Btalefflenls In acfy)rdanco wSth eppllcabie law and Unlled Klngdom AwunllTrJ Stsndards Iunlted Klngdom Gen•rally Accepted Accounllng Prn¢tlc•l. Comp8ny18w requlr98 tho TnJ8leo¥ to pmpart financlal 8tal•mtnts lor e4th flnan¢lal. und•r¢0m￿nY L4W tho Tru8t•08 musl not Approve the flnancbal statem&nts un1888 they ar8 8atlsfl8d Ihal they glve a true labr of the Btale of •ffalrg of the CompAny and of118 Inoomlng rewur￿8 and applkafjon of r•$ourc•8. In¢ludlng Its Income and expendrture. th81 porlod. In weparlng ffinanclal 8talements, the Tru8lees are requlred lo: s•1￿¢ sultsblg accounllng pollclos and then apply Iharn Con8￿1•nIy. and observ• the mglhodg and prfnclp1•8 of the Chartllg8 SORP IFRS 1021.. and mako ludgements artd acctsjntlng 98llrnales Ihal are reasonabl• and prud•nl', and 8t¥le whethèr 8pplkabl• UK Accounllng Standard8 IFRS 1021 h8v• been followed, 8ubJrtl to t￿Y maled81 dep8rtur8$ dl8clos8d and •xplalnod In the flnandal 8talom8nt8'. and eparo the flnanclal 81alom￿ts on lh• golng ￿nC¥M ba818 unle88 11 18 kn8pproprtgle to esume that th• Cornpany VAII conllnu• In bu8lneBs. Thè Tru8tèè8 ar• r•8Fonslbl• for k•eplryJ •d•qu•t• •c¢ounUng th918r• 8ufflGl•nl to ah(w and •xpl8ln Iho C¢ynpony'8 tran84¢1Sons and d18¢1080 wllh reasonable #c¢uracy al any Ilm th• flnanclal po8lllon of the Company and enobla them to 8nBur• that the flnanclal 81atements comply wth th• Companle8 Act 2006. Thoy aro also r•8pon$lbl• for 88f•guardlng th• 08s•18 ofthe Company gnd h•nc• for taklng rea80nabie 81op8 for the prev•ntlon and d•t•ctlC￿ of fraud and oth•r tyr•gul•dU•$ DISCLOSURE OF IMFORMATION TO AUDITOR8 Each of the persons who ¥e Trust￿6 at th• Itm• whon th18 Trust￿, Report18 appn)vod cirfrm that.. So far as that Tru8t•e18 aware. there 1$ no f¢￿vant audll Inlormalon ol vthk th• ¢harttabl• company's audllors ar• unaware. and That Tw$tfj8 h8$ taken 911 Ihe 8t¢P8 that ought to been taken as a Trustee In ord•r lo b• aware of any relevant audit informatlon and lo e8tabllsh th81 the ¢h8dtablg company$ guditOTS we aware of that Informallon. Th18 réport wa approved by the Trustees and slgned on thelr bohall by: J4mos Lambu Chalr of the Board of Trustees Date. IG-tE(_2c•>Z Page 14

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A C¢xnpany Llmlted by Guarantee) INDEPENDENT AUDITOR8. REPORT TO THE MEMBERS OF GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDMDE CHURCH OF GOD) Oplnlon We ha￿ audited the ffinanclal slatemonts of Grace Communlon Intematlonal IForm8rfy Worfthvido Chur¢h of Godl (the '¢hadVI for thè year onded 31 D8¢omber 2021 which Comprlse the Statement of Financlal A¢tlvltles, the Balance Sheet, the Statemènt of Cash Flows and the r8101od not•s, Induding a summary of slgnm¢ant accoun￿ng pollcles. The financial reporting framework that h85 been appll•d In thelr preparauon Is applicabl• law and Unlted Klngdom Accountlng Standards, Includlng Flnan¢lal Reportlng Stsndard 102 The Financlal Reportlng standard applicable In thè UK and Republ1¢ of Ireland. {Unft•d Klngdom Generally Accepted Ac¢ountlng Pra￿lCO>. In our opinion Iho finan¢lal stalemonts: gfve a true and falr ¥1￿ of tho 8lato of Ihe t*arltablg ¢omponY8 affalrs as al 31 D￿mber 2021 and of It8 Incomlng resources and appllcatlon of re8ource8, Indudlng Its Incom8 and oxpondlture lor th8 year then onded; havo boèn prO￿￿Y prepared In accordanca wtth Unlted Klngdom Generally ￿￿PIed Accounllng Pradlc8', and have bean prepared In accordance w5th tha requlrements ol Iha Companle8 Act 2008, the cha￿￿0$ and Trustae Invostment ISwUand) Act 2005 and regulatlon 8 of tha Chadtlos A¢counts (Scotlandl R•gulatlon8 2008. 8a81• for oplnlon We conducted our audlt in accordance wllh Int•m8llonal Slandards on Audltlng {UKI {ISA$ {UKII and appllcabl law. Our responslbllltles under those 8tand8rds are further des¢rlbed In the Audltor8' re8pon$lbllllles for the audlt of the flnanclal statements $8ctlon of our report. We are Independent of the ch8rllable company In accordanca wllh the elhlcal requlremenls th81 arè r8levanl to our audll of the flnanclal statements In tho Unltsd Klngdom. Includlng the Flnanclal R8POrtlng Councll's Ethlcal Stsndard, and we have fvlfllled our other elhlc81 responslbllllles In accordance wlth these requlrements. We belleve that the audbt evldence w8 havo obtslned 1$ 8uffldent and approprlale to provide a basis for our oplnlon. Conclu8lon• r•latlng lo golng concern In audlllng the finandal 8latements. we ha￿ Concluded that the Tru8lees' u88 ol the golng concern ba818 of a￿OUntIng In Ihe preparatlon of the financlal statemonls Is approprfata. Based on Ihe work we have perfomied, we have r￿t klentlfled any m8terlal uncortalnlle6 relatln9 to events c condrtions that, Indlvldually or collectively, may cast slgnlficanl doubt on the charftable companvs ablllty to rA>ntinue as a going concam for a perlod of at least Iwelve month8 from vthen the financl81 statements are authorised for issue. Our re8ponslblllli88 and Ihe responslbllltles of th8 Trustees wth respect to goiThJ ￿nc&M ara described In tho relevant sectlons of thls report. Page 15

GRACE COMMUNION INTERNATIONAL IFORMERLY WORLDWIDE CHURCH OF GOD) (A Company Llmbtod by GuarantO0) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (CONTINUED) Oth•r Inforni•tlon The other Infomiatlon ¢ompr1888 the Infomiatlon included In the Annual Report other Ih8n the financlal statements and our Audltors, R6POrt thereon. The Tru81888 are responslble for tho olhor Infomatlon contained within the Annual R6port. Our oplnlon on the financlal statements does not covar th• other Infonn8tion and, except lo Iho extent othe￿188 expllcltly staled In our report, we do not express any form of assuran¢e concluslon thereon. Our responslbillty 18 to read the other Infomiatlon and, In dolng $0, ¢onsldor whoth6r the other Info￿atIon Is materially Incon$l8tenl wlth the flnanclal Statements or our knowledge obtslnod In tho ¢ourse of the audll, or olh¢rwlse appears to be matedally mlsslaled. If we Identlfy 8uch materlal Inconslstsncl6$ or apparent materfal mlsslatemenls. we are requlred to determlne whether Ihls glves rlse to a materlal mlsslatement In the flnanclal statomonts themselv88. If, based on the work we have performed, we condude that thero18 a m8t8rlal m188talement of th18 Other Infomiatlon, we aro requlred lo report that fo¢L We hove nothlng to report In th18 regard. Oplnlon on oth•r matt•rn PrnSCTlb•d by th• Compan1•• A¢1 2006 In our oplnlon. based on the work undèrtaken In the ¢our88 of tho audlt: Ihe Infonnatlon glven In the Truslee8' Rèport fr)r the flnanclal year for whlch Iho Ilnandal slalemonts are prepared18 con81stent ￿th the financlal $latements. Ihe Dlreclors, Report Included wlthln the Trusle88' Report ha8 b68n prepared In accordan¢o ￿th 8ppllcable legal requlrements. Mattarn on whl¢h w• •rn r•qulrnd to r•port by oxc•ptlon In Iho Ilght of our knowledge and understandlng of the ¢haritabl& company and118 envlronrnent obtained In tho courna of tho audlt. we have not IdentSfied material m188talemenls In the Trusle8s' Report. We have r￿thIng to report In respect of the followlng matters In relation lo whlch Companlos Act 2006 and the Chadtles A¢counlg (Scollandl Regulatlons 2006 {as amended) requlres us to report lo you If, In our oplnlon: adequato a¢¢ounllng records have not been kept. or retum8 adequate for our audlt have r￿t been recelved from branches not vlslted by u8: or the finan¢i8181atements are not In agreement wlth the accounllng records and rntum$' or cert8ln disclosures of Tru8tees' remungratlon speclfled by law are not made- or we have not received all the informatlon and explanallons we require for our audll., or Ihe Trusle83 were not entitled to prepare the Itnancial statgmenls In ac¢ordan¢e wlth the small companifrs reglme and take advantago of the small ¢ompanlos' •x8mptions In preparing the Tru81ees' Re[￿rt and from the requir8m8nt to prepare a Straleglc Report. Rospon$lblllOos ol Tru8la•8 As oxplalned more fully In the Trustees, Responsibilities Statement set out on pages 13 and 14. the TNslee$ (who are also the Directors of th8 Charity for the purposes ol company law) are responslble for tha preparatlon of the flnanclal statements and for being Satlsfied that they gfve a true and falr vlew, and for such intemal control as the Trustees determine is necessary to enable the preparatlon of ftnanclal statements that are free from material misstalemenL whether due to fraud or error. Page 16

GRACE COMMUNION IwfERNATIONAL IFORMERLY WORLDWIDE CHURCH OF GOD) (A Company Limlted by Guaranteel INDEPENDENT AUDITORS. REPORT TO THE MEMBER8 OF GRACE COMMUNION INTERNATIONAL IFORMERLY WORLDWIDE CHURCH OF GOD) {CONTINUED) In preparlng the financlal statements, the Trustees arè r•spon51ble for assesslng the charftabla companys ablllty to contlnue a5 a golng concem, disclosing, as appllcable, matters related to going con¢em and uslng the golng conc8m basls of accounting unless the Trustees elther Intend to Ilquldate the charftabie company or to ceaso operallon$, or have no realistic allemalive lo do so. Audltorn, re•ponslbllltl•s for tho audlt of tho flnan¢lal statomonts Wa have been appolnted as audltor under Sectk)n 44 {1} {C} of the Charfll88 and Trustees Investmonl (Scotland) Ad 2005 and the Companle$ Acl 2006, and report In a¢¢ordan¢e wlth regulatlon8 made wlthln those Our obJ8Ctlves are to obtaln reasonable assurance about whether Ihe flnan¢l818taloments as a whole are freo from malerfal mlsstalement, whether due to fraud or error, and lo Issue an Audltors. Report that Includ88 our oplnlon. Reasonable assurance Is a hlgh level of 489ur8n¢e. but Is not a guarantee Ihat an audlt conducted in accordance wlth ISAS IUKI wlll always detect a materfal mls5tatement when It exl$l$. M188tatements can arfso from traud or error and are ￿nsIdered malerlal If, Indmdualty or In Ihe aggregate, Ihey could rea80nably bo exp8cted to Influence the economlc declslon8 ol usern taken on the bas18 01 th880 finan¢lal 8tsternents. Irregularltlgs, Includlng fraud, are Instances of non.ca)mpllance wlth law8 and rogulatlon8, Wo d•8lgn procedures In Ilne wllh our respon81bllltle$, outllned above, to detect malerfal m188talement8 In respect of Irrogularltles, Includlng fraud. The extsnt to whl¢h our procedures are Capable of detoctlng Irregularldes, Indudlng fraud 18 datsll8d below: Obtalnlng and under8tandlng of the legal and r8gulatory fr8rn&work8 that tho Charfty oporates In, fo(yJ81ng on th08e law8 and regulallon8 that have a dlmct effect on tho fln8n¢lal statements; Enqulrfng of managèment and TnJ8teè8 around known (K $u$pecled Inslancas of nOnwr￿mPlIance of laws and regulauons and fraud: D18CUS8lng among the engagement team re9ardlng how and whero fraud mlght occur In the flnan¢lal slatements and any polenllal Indlcatsons of fraud., Revlewlng mlnutes of meetings of those charged wlth gov8mance; Revlewlng Flnanclal Statement d18closures and 108tlng 10 8UPPOrtlng documenta￿On to ass￿9 compllance h￿th appllcable laws and regulats'ons; and Porfomilng audlt work In relauon to the dsk of management ¢)verrfde, Includlng 1•8tlThJ of loufflal entrfes and othèr adJustm•nts for approprlalenes$ and revlewlng a¢¢ountlng estlmales for blas. Because of the Inh8r8nl Ilmttatlons of an 8udlt, thera b a rfsk that we VAII not detect 811 Irregul8rltles, Includlng those leading to a material rni88lalement in the financlal statement8 or non¥compliance with ￿gulatIOn. Thb rfsk Increa50S th& more thal compliance with a law or regulation is removed from the events and Iransactlon8 refleded In the finan¢ial $latements. as we will bo less Ilkely to become awa￿ of Inslances of non-￿MplIanC0. The rlsk Is also greater regardlng Irregularitie$ occuthng due lo fraud rather Ihan error, as fraud Involves Intentlonal concealment. f￿gery, collu8lon. omlsslon or ml8rewe8entatlon. A further descriptlon of our r88ponsibilitles for th8 audtt of the financial statements 1$ located on the Flnancial Reporting Coundl's website at: klau nsibll This de$¢riplion forms part of our Audllors. Report. Page 17

GRACE COMMUNION INTERNATIONAL IFORMERLY WORLDWIDE CHURCH OF GODI IA Company Llmlted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (CONTINUED) U80 of our r¢port Thls Teport Is made Solely to the Charitys rnembeTS, as a body, in accordan¢o wlth Chapter 3 of Part 16 of the Companies A¢1 2006 and to the Charitys Trustees as a body. In accordanu wlth r8gulat(on 10 of the Chadtles Accounts {S¢otland) Regualtlons 2006. Our audit work has been undortaken $0 Ihat we mlght stale to the charitable ¢ompanl$ Tru$tee$ those matters we are required lo state to th¢m In an Audltors. Report and for no other purpose. To the fullest exl8nt pe￿1tted by law, we do not 8￿pt or a$$umo rosponslblllty lo anyone other than the thadtsble ¢ompany, Ihe charitable companls memb¢rs as a body and the charllable companvs TNste8s, a8 a body, for our audit work, for Ihls report. or for the oplnlons wo have fom)od, H•l•n Blund•ll LLB FCA FCIE DChA18•nlor Statutory Audltor) for and on behalf of MHA Maclntyre Hudson (Statutory Audftor•l Lelcoster. Unltsd Klngdom Dale: 19 December 2022 MHA macIn￿ Hud8on18 dlglblè to a8 an audltcrf In temis of Secllon 1212 of the Compan188 Act 2006. Pagg 18

GRACE COMPIUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A Company Umlted by Guarant•o) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021 R•strlcted Unr•slrlcted fund• lunds 2021 2021 Total funds 2021 Total fvnds 2020 Not• Incomo from: Donallons and legacies Invoslments Other Income 597,629 34,730 225 597.629 34,750 588,598 46,571 Total In¢omo 632,604 632,604 635,169 Expendttur• on: Charttable actlvrtles Govamonc8 costs 684.584 60,056 684,584 60,056 370,651 41,936 Tol•l •xp•ndl¢ur• 744,640 744,640 412,587 Net galnsl{1088e8) on Investments N•t mov•m•nl In funds b￿or9 oth•r r•¢ognl•od galn• 89,157 89,157 (29,145) (22,879) 121879 193,437 Oth•r r•¢ognh•d g•In￿[lO*••S>. Actuarlal galnslllossosl on defined b8n&flt p8n81on 8chame8 20 100,000 100,000 (189.000) N•t mov•m•nl In fund• 77,121 77,121 4,437 R•¢on¢lllatlon of fund•: Totsl funds broughl fotward Net movement In fvnds 13,539 2,674,263 77,121 1687,802 77,121 2.683,365 4,437 Total fund• ¢arrled fonvard 13,539 2,751,384 2,764,923 2.687,802 The Statement of Flnanclal Actlvltles Includes all 9alns and103888 recognL88d In the yeer. The notes on pages 23 to 43 fomi part of th8sa financlal statements. Pago 19

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) IA Company Llmlted by Guarant00} REGISTERED NUMBER: 00654913 (England & Walos) BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Noto Flxed as••ts Tangible assets Investmnts 12 13 180.494 611,228 199,511 1.424,980 791,722 1,624,491 Curr•nl a••ots Debtors Cash at bank and In h8nd 14 19 45.629 1,822,778 108.284 731,212 1,868,407 839,498 Credltor8'. amounts falllng due wllhln one year 15 (90,6771 (80,185) N•1 ¢urr•nt a•Mts 1,777,730 T19.311 Tolal a¥￿ts1o•S ¢urront Ilabllltl•• 2,569,452 195,471 2,403,802 284,000 Dofined beneflt penslon scheme a888t 20 Total not au•ts 2,764,923 2,687,802 Charlty lund8 Re8lrlcted funds Unrestrfcted fijnds Unrestrf¢ted funds excludlry penslon asset POns￿n raserve 16 13,539 13,539 16 2,555,913 195,471 2,390,263 284,000 Total unre8trlcted fund8 18 2,751,384 2,874,263 Total fund8 2,764,923 2,687.802 Page 20

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A Company Llmlted by Guarantee) REGISTERED NUMBER: 00654913 (England & Walgs) BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2021 The finan¢lal 8tatement8 were approved and authothod for1$8uo by Ihg Tru$lo0$ arKI slgned on thelr behabf by., J•mes Lambu Chalr of the Board of Trustees Date: i G- DEL- U)W% The notes on pages 23 to 43 forni part of th880 flnan¢lal 818temonts. Page 21

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A C*)mpany Umlted by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Cash flows from 0￿ratIng actlvltlo1 Net cash used In oparatlng actlvltles 18 159,066 163.766 Ca8h flowA from Invostlng acdvltl•• D6vldends. Interests and rents from Investments Purcho$8 of langlbla flx8d a88et8 Gains on Inve$tment8 30.750 (1.159 902,909 37,571 (10,395) Nol cmh provld•d by Inv••tlng a¢tlvltl•i 932,500 27,176 Chang0 In cash and cash •qulval•nts In th• y••r Ca8h and ca8h equlvalants 8t the boglnnln9 of the yaar 1.091,566 190,942 540.270 731,212 Cash •nd ￿•h •qulval•nts at th• •nd of th• y••r 19 1,822,778 731.212 Tha notes on pages 2310 43 forni part of these flnanclal 8talement8 Page 22

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) IA Company Umltsd by Guarantee) NOT&8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 A¢¢ountlng polkl•• 1.1 Ba•1• of pr•paratlon ot Ilnanclal statoments Worldwlde Church ol God Is an IncorpoTated Charlty registered wtth the Charfty Comml88Son for England and Wa105 roglstr4Ion number 311098. and wlth OSCR In Scolland regl$tr8tlon numbor SC040008. Thè company 1$ ragl&léred in the UK. r8glstrallon number 00654913. Th8 finandal stal•m•nts havo b60n prepared In accordance wllh the Charitles SORP IFRS 1021- Accounting and Reportlng by Charllles.. Statement of Recommended Pracllce appllcable to charfttes proparlng Ihalr accounts In a¢¢ordance wSth the Finandal Reportlng Standard appllcable In the UK and Republlc of lrnland {FRS 1021, and the Companles Act 2006. Grace Communlon Inlemallonal (Formèrly Woddwldè Church of God) moots the definltlon of a publlc beneflt enlty under FRS 102. Asset8 and Ilabllltl85 are Inltlally iècognlsed at hl$tork4 cost ar transacllon value unless otherw188 8tated In the relevant accountlng pollcy. Tho Chadty8 functlonal and presentatlonal ￿r￿neY18 Brltlsh Pound Starllng (£) and 18 rounded to the noaro$1 pound 1£>. Tho followlng prfncjpol accounllng pollcl88 havé been applled. 12 CoM￿nY ¥tatu• The Charfty18 8 company Nmlted by guaranl¢a. Tha members of th8 Chorfty are th8 Trustee¥ named on page 1. In the event of th8 Charfty belng wound up, tho Ilablllty In respect of the guarantee 19 Ilmlted to £7 per member of the Charlty. The addr8s8 of th8 reg18tered offlcels glven In tho Charlty Infom)allon on page 1 of these flnandal statomenlg. The nature of the Charfty8 operatlons and prfnc5pal actlvllle8 aro Included In the Tru8te85 Report on page 3. Pag8 23

GRACE COMMUNION INTERNATIONAL {FORMERLY WORLDWIDE CHURCH OF GOD) {A Company Llmltod by Guarant•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcl•g (contlnu•d) 1J Incom• All Income Is Tecognlsed once the Charlty has entitlement lo the Incom8, tt Is probable that the IrKome wlll be recelvéd and tha amount of Income recelvablo Can be measured reliabty. Tho re¢ognItI￿ of Income from16gaclos Is dep8nd8nl on ostabllshlng enlltl8ment. th8 probablllty of re¢elpl and the abllily lo estlmat• wllh suff￿lent ac¢ura¢y the amount receivable. Evld•n¢e of entluemenl lo a légacy exists whon the Charlty has suffidenl ovid8n¢e that a gfft has been loft 10 them (through knowl8dg8 of the •xlsten¢e of a valld wlll and Ihe death of th8 benefactor) and th8 executor1$ 8atlsfied that the property In qu85llon wlll not bo requlred lo sallsfy clalms In tho o$late. Recelpl of a legacy must be recognised when it Is probablo Ihal M wlll be recelved and the falr value of the amount recalvable, whlch will genarally be the oxpocted cash amount to be dlslrfbut&d to Ihe Charlty. can bo rollabty meosured. Collectlon8 and donatlons are accounted for when thay are racelvod. Income lax re¢overable In relatlon to donatlon8 recelved under Glft Ald or de8d8 of covenant 18 recognl8ed at the tlme of the donauon. Olher Income Is rocognS8ed In the perfod In whlch It Is recelvablo and to the axtent the good8 havè begn provlded or on complolon of the sep4lce. Interest on funds hold on depo$lt 18 Included when recelvable and the amount Can be measured rgllably by the Charfty, Ihl8 Is nomially upon nolbficollon of the Internst pald or payable by the Bank. 1.4 Exp•ndltur• Expendlture18 recognl8ed once Iharo 1$ a legal or ¢on$lru¢tlve obllgallon lo transfar econom1¢ benefft lo a Ihlrd paty, It is probable that a transfor of e¢onoml¢ benefits wlll bè raqulred In settlement and the affKiunt of the obllgauon can bo mea$ur8d ro11obly. All expendlture Is accounted for on an a¢cruals besb. All expenses Indudlng Support Costs and govemance c08ts are allocated to tho appli￿ble oxpendlture headlngs. Dlre¢t costs are related support Costs associated wlth preachlng, pastoral care and the productlon and distri1￿tIon of Charlty Ilterature. These are seperalely disclosed In the Statement of Flnanclal Act6vltl88 a$ Ch8rlt8bl8 Actlvitle8. Govemanc6 costs are those Incurred In oonnection with admlnlstratlon of the charftable company and compllance ￿th ¢on8tllutional and statutory requlTemnts. Expenditure on charitable actlvllles Is Incurred on directly undertaklng Ihe actlvitles which further the Chaiivs obj'adives, as well as any associated support costs. Page 24

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A Company Umlted by Guarante•} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Aeeounllng pollclos leonllnuod) 1.5 Fund accounllng Gener81 funds are unrestrlcted funds whl¢h are avallable for use at the dlscretlon of tho Trusts88 In furtherance of the general oblectlves of the Charity and whlch have not been d•$lgnated for other purposes. R88trl¢tsd funds are funds whlch are to be used In accordance wllh specific reslrletlons Imposed by donors or whlth have been rafj￿d by the Charfty for partlcular purposes. Thè costs of ralslng and admlnlslerfng Such fund$ are charged agalnst the specffic fund. Tha alm and uso of éach resldcled fund18 Sat out In the no188 to tha flnanclal ststomants. In￿sIMOn1 Incorne. galns and1058e• are allocaled lo Iha approprfale fund. Hl8lorfcally the Charfty ha8 taught thè prlnclplo of tllhlng Iwhlch18 the donatlon ol ten p8rcent of on8'8 net Income for the Charfws unreslrfcled use). Most of the Chadty revenue ¢onsl8ts of such unre8tr1Gted donallon8. Di>natlons are used for tho publlshlng of Charlty Illarature, asslstance for member8 whlch are more In need, operatlng expenses of the annual Church festlvals, mln181erfal actlvltles and malntenance of bulldlngs, as seems approprlate by Charfty doctrlne. R88trfcted fund8 ¢omprl$e amounts donated for specthc oblecllve8. They are exp8nded Sn fvrtheran¢o of ¢ertaln aspects of the Ch8rSty. In the Tru$tee8' oplnlon, al 31 December 2021, all donallons recelvfrd for speclfic purposes had been expended In arxord8n¢e wlth, ond In furth8rance of. thelr Intsndod purposos wlth tho exGepllon of of tho restdcted funds not yel utlll$ed ￿ detalled In note 18. 1.6 Golng ¢on¢•m The TnJ8lae8 a8$088 %thelh8r tho u88 of golng concern Is approprfate, l.e. whether thore are any mal0￿81 uncottslntles relalod lo avonls or ¢ondltlon$ that may ¢8$1 $lgnMc8nt doubt on the ablllty ol the Charity to contlnue as a golng con¢am. Tho Trust805 mak• th1$ a$$e$8menl In respect of perfod of at least one year from the date of authodsatlon for Issue of tho financlal slalemenls and have concluded that the Charity ha8 adequate resources to contlnue In operational exl$ten¢8 for th8 foreseeable future and there a￿ no malerfal uncertainties about the Charlws ability to continue as a gdng concern, thu8 th8y contlnue to adopt the 9olng c£)ncem bas18 of accounllng In prepadng the ftnanclal slalem8nl8. Thls conslderatlon has taken Into account the expected Impact of Covld-19 and Ihè current economlc 8nvlronment on the Charlty, as far as11 can be delermlned, and the Trustees remaln satisfied that the golng ¢on¢em prlnclpb remalns approprlate. 1.7 For•lgn curroncl•s Monetary assets and liabilittes denominated In foreign currencies are translated Into slertlng at rates of ex¢hango rullng at the reporting date. Transactlons In forelgn currendes are trans18ted Into Slerflng at the rate ruliThJ on the dale of the transactlon. Ex¢*ang8 galns and losses are recognlsed In the Statement of FlnanGial Activllle$. Page 25

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD} IA Company Llmitod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcl•• (¢ontlnu•d) 1.8 Operatlngloas Rentals under operatlng le8se5 chargod to Ststem•nt of Flnandal Ac￿ltIeS on a slral9ht Ilno basls over the lease temi. 1.9 Taxatlon The Charlty Is con$lder8d to pass the te8t8 set out In Paragraph 1 Schedule 6 of the Flnance Act 2010 and Iherofor• It meets the dafinlllon of a charltable company for UK ctNporatlon tsx purp08e8, Accordlngty, the ChaTIty Is potentlally exampt from tsxatlon In respect of Income or capllal g8lns recelved ￿thIn cat8gorie8 covered by Chapter 3 Part 11 of tho Corporatlon Tax Act 2010 or Sectton 256 of the Taxatlon of Chargeable Galns Act 1992, to tha oxtent that Such In¢ome or galns are applled excluslvely to charltoble purp08e8. 1.10 Tanglbh flx•d a•Mts •nd d•pr•clatlon Tanglble flxed a88ets cosllng £500 or more are caplla1188d and recognb8ed when future economlc beneffts are probable and the cost or value of tho a88Ot can bo measured rellably. A rovlew for Impolrment of a flxed a88et Is carrl8d out If event8 or chang08 In clrcumslance8 Indlcate that thè Car￿ng value of any flxed asset may not b8 recoverabl8. Shortlalls botsveen ts ¢arryl valuè of flxod assets and Ihelr recoverable amounts are recognlsed as Impalmiants. Impalrment 1088es aro re¢crfJnls8d In tho Stsloment of Flnan¢lal A¢tlvllle$. TangIb￿ fixed a868ts are Inltlally recognlsed at cost. After recognlllon, undar tho cost model, tanglbl• flxed assots are measured al ¢o$l le$8 accumulated depreclallon and any a¢¢umulaled Impalrment Ios8es. All costs incurred to brlng a langlblo flxed osset Into118 Intended worklng condltlon should be Induded In the measurement of Gosl. Depreclatlon 18 chargod 80 as to allo¢8le the cost of tanglble flxed assets 1888 thelr r081dual value over Ihelr estlmated useful Ilves. uslng the str8￿hl-llno method. 0epreclallon18 provlded on th8 followlng basés: Freehold bulldlngs Motor vehlcles Flxlure and flttlngs 4% on a $lralght41ne basls 251)h on a 5tralght-Ilne basls 10% and 20% on a stralght-llno bas18 Freehold land18 not depreclaled. Profft on dlspos81 of flxed assets arn Included In net expendtture for the ye8r. 1.11 Investments Investments arè a form of financlal instrument and are initially re¢ognised at thelr transactlon cost and subsequen￿Y measured at fair value al the balance sheet date, unl688 the value ¢annot bo mèasured rellably in whlch case it is measured at ¢ost less Impalmenl. The Statement of Financial Acilvltles includes the unrealised and realised galns and losses arl8in9 on revaluations and dlsposals throughout the year. Investments held as frAed assets are shown at lair value. Page 26

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A Company Llmli•d by Guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Counllng poll¢l•i Icontlnu•d) 1.12 Dobtor• Trad6 and other debtors are r8cognlsed at the Settlement amount after any trad8 dlscount offored. p￿pay￿ents are valued at th• amount prepabd net of any Irade discounts due. 1.13 Ca•h at bank and In hand Cash at bank and in hand includes cash and short-tarn hlghly Ilquld Investments with a short maturlty of three months or less from the dale of aGqulsltlon or openlng of the depo8lt or slmllar account. 1.14 Cr•dltor• and provl8loni Cr¢dltor8 and provl8lons are recognl88d where the company ha¥ a present obllgallon resultlng trom past avenl that wlll probably re8uII In the transfer of funds lo a thlrd party and the amunl due to 88tt18 tho obllgatlon can be m•a$ured or esllmaled rellabty. CTedltors and provl¥lon8 are nom)ally re¢ogn188d at thalr Sottlem6nt amount after allowtng for any trade d18counts du8. 1.15 P•nslo D•fin•d Contrlbutlon Th8 Charfty operate8 a defined contrlbuUon pan81on schemo and tho pon8lon charge represgnts tho amounts payable by the Charfty lo the fvnd In rèspect of the year. D•fin•d B•n• The Charfty operales a deflned benefll. fully Insured p8n8kJn scheme admlnlstered externalty and the penslon charge Is based on a full actuarfal valuallon dated 19 May 2022 for thè yaar ended 31 December 2021. Tho scheme was closed to n8w entrants from 31 De¢8mbor 2002. Payments made to tha fund$ are charged annually In these financial statements. The funds are a¢tuarlally valued on a regular basis by a quallned actuary, the rates of contrlbuttons payablo b¢lng dalermlned ty the actuary. In the Inlerverslng years the actuary revlews the ¢ontlnulng approprlaten88s of the rete8. Th8 amount charged to the Statement of Flnanclal Actlvltle$18 tho estlmatsd regular ¢ost of provldlrvj the benefits accrued In th8 yeer. adlusted to rofierA vartalSons lo tho ¢o$t. Any dlff8renc? botwe8n amounts charged lo the Stalemenl of Flnonclal Acllvllle8 and contrlbullons pald lo the Independent pen51on scheme Is shown as a 11oblllty or asset at the balance shoel dale. Further Infomiatlon on penslon costs Is Shown In note 20. A p8nsion sch8me asset is recognlsed In tho Balance Sheet under FRS 102 to Ihe exlent that the Charity is able lo recover the surplus through refunds or through a roduction In luture contributions lo th8 scheme. 1.16 Flnanclal Imtrumgnts Th8 Charlty onty has flnanclal assets and financlal Ilablli￿e8 of a klnd that quallfy as basic finandal instruments. Basic financial instruments are Initially recognlsed at transactlon valuè and subsequentty rneasu￿d al their settlement value. Pag8 27

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD IA Company Umlted by Guarante8) NOTES TO THE FINANCIAL 8TATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Ac¢ountlng pollcle• (contlnued) 1.17 Crfll¢al a¢¢ountlng ••tlmat•s and are•s of ludgem•nt Estlmates and judgements are Con￿nUallY evaluated and aro ba$ed on hlstorical experlencfr and other fadors, Induding expectatlons of future events that are belleved to be reasonable under tha clrcum$lance$. Cdtlcal accountlng e8tlmate8 and assumpt￿n#. The Charfty makes 88tlmate8 and a88umpllons concomlng the future. The re8ultln9 accountlng esllmales wlll. by doflnltlon, seldom equal the related actual results. The osllmales and assumptlon8 that have a slgnlficanl dsk of ¢auslng a malerlal adluslmenl to the Ca￿n9 amounts of a888ts and Ilabllllles wllhln the next flnanclal year are addressed b810w. 1) Defined beneflt penslon schemes valuatbn The FRS 102 valuallon for tho ¢har61abl8 companls 08flned Benefit Penslon Schomes 1$ re¢ognlsed In the BalanLX Sheat as an asset. Thls 18 the present value of the defined benofil obllgalSon at the balance sheet date less the falr value of the plan as$els, Thls 1$ sensltfve to change In the a$sumpllons made by the actuarles who have b6en appolnted to value the schemes. See note 20 for the a$sumpllons made for the penslon commltm6nls, and noto 1.15 for the penslons aceounllng pollcb8s. 21 Deyedatlon ol tanglble fixed assets The annual depredatlon charge for tanglbl8 fixed as8&ts 18 Sonsltlva to chong88 In the estlmaled useful econom1¢ Ilves and resldual valuos of th8 assets. Tha useful e¢onomlc Ilvas and resldual values are reassessed annually. See note 12 for the Ca￿n9 amount of the langlble fixed assets and note 1.10 for the useful e¢onomlc Ilves for each class of assets. Donatlon• and legaclo• Unrostrlctsd funds 2021 Tolal lund• 2021 Donatlons Le9a¢los Glft ald 506,292 15.253 76.084 506292 15253 76.084 Total 2021 597,629 597,629 Page 28

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A Company Umlted by Ouarant¢e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Donatl•n$ and le94¢1•$ l¢ontlnu•d) Unrostrictad funds 2020 Tot81 fvnds 2020 Donallons Gfft ald 513,005 75,593 513,005 75,593 Tot812020 588,598 588,598 Inv•8lm•nt Incom• Unrutrl¢t•d fund• 2021 Total funds 2021 Investment Income Pen8lon Income (note 111 30,750 4,000 30,750 4000 Total 2021 34.750 34750 Unre4trfcled fvnds 2020 Total lunds 2020 In￿sImOn1 Income Pen81on In¢ome (Th)te 111 37,571 9,000 37,571 9.0 Total 2020 46.571 46.571 Pag8 29

GRACE COMMUNION INTERNATIONAL IFORMERLY WORLDWIDE CHURCH OF GOD) IA Company Llmh•d by Guaraniea) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Other Incomlng resoure Unr••trlcted fundg 2021 Total fund• 2021 Totsl lunds 2020 Other Incom• 225 225 Charll•bl• •¢tlvlti Unro8lrl¢t•d fund• 2021 Tolal lunds 2021 Mlleage and traval In8uran¢e Other expon$es General assl¥tance Depreclatlon Summer Educatlonal Programme Hall hlre and rent Wagos and salarles Natlonal Insurance Pen8lon cost 41.281 8,591 99,424 18.150 20,176 10,395 39,373 230,014 21,225 199.975 41,261 6,591 99N24 16.150 20.176 10.395 39.373 230.014 21,225 199,975 Total 2021 684,584 684.584 Page 30

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) {A Company Umlt•d by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Charltabl• a¢tlvltlo$ l¢ontlnuod) Unreslrtcted fvnds 2020 Tolal funds 2020 Mlleage and travol InsurancA8 othar expen898 Genoral a8s18tonca Depreclatlon Summer Educatlonal Programme Hall hlre and rent Wage8 and 8alarles Natlonal Insurance Pon81on o)8t 7,978 5,842 87,961 8.285 18,987 7,638 27,201 7,978 5,842 87.961 8,285 18,987 7,638 27,201 li 185,097 15.437 6,225 185,097 15.437 6,225 Tot812020 370,651 370,651 Governanc• costs Unr••lrlct funds 2021 Totsl fund• 2021 Audltors. remunoratbn Prof888ional fee8 Board 8xpen8e8 16,150 39,158 4,748 16,150 39,158 4748 Totsl 2021 80.058 60,056 Pago 31

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD (A Company Lirnlted by Guarant¢o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Governanc• costs (¢ontlnu•d) R8Stat8d unrgsti7Ct8d fvnds 2020 R8Stated total fvnds 2020 Audltors, ramunerauon Professional fees Board exp6n8es 15,529 26,115 292 15,529 26,115 292 Total 2020 41,936 41.936 N•t In¢om•l(•xp•ndltur•) Th1818 slatsd after ¢harglrwJ'. 2021 2020 Depreclallon of langlble flxgd a88ots Op&rallng lease rentals 20,176 1,330 18,987 1,330 Audllor•' r•mun•ratlon The AudIt0￿8 romuneralon comprf8es audlt fees of £16.150 (2020: £15,529) and fees for olher non•audlt servlcas of £3.73012020: £5.289). Th18 Includes fees for the Charlty and Its pen8lon scheme. Pag8 32

GRACE COMMUNION INfERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A Company Umltsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 staff co•t• Staff eosls were as follow8.' 2021 2020 Wagas and salarles Soclal Securfty co818 Penslon ¢osts Inole 201 Provl$lon for GMP 8quall8atlon 230,014 21225 185,097 15,437 6,225 192,529 451,214 206,759 Tho avorage number ol per8on8 employed by the Charfty durin9 the year was a8 follows: 2021 No. 2020 Persons empb)yod Stlpendlary per80n8 employed 13 14 No employee receSvod rnmunerallon amountlng to more than £60.000 In dther ￿ar. The Key Management Per80nn81 of the Charlty are deemed to be those havlng aulhorlty and responslblltty, delegated lo them by the Trustees. for plannlng, dlrocllng and ¢onlrolllng the acdvllles of thè Charlty. The Key M8nagement Personnel of the Charity comprlse Ihe Natlonal Mlnlstry Team. Tha totsl employee benefits of the Key Management Per80nnel of the Charfty {Includlng employer natlonal Insuran￿ and omployer pen4on) amounted lo £157,294 (2020: £126,015). 10. Tru￿••8. r•munoratlon and •xp•ns Durlng th• year, no Tru8tao8 r8¢alv8d ony remuneratlon or other beneffts {2020: £NII). Durlng the year ended 31 December 2021. •xpense$ totalllng rJ.089 were relmbursad or pald dlredty to 8 Trustees in respect of travel and 5ubslsten¢e 12020.. £67 to l Trugtee In respect of travel and subsistence). Other rolated party transacknons Invofvlng Ihe Trustse$ are Set oul In not8 22. Page 33

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A Company Umlted by Gu•ranl¢¢ NOTES TO THE FINANCIAL 8TATEMEwrs FOR THE YEAR ENDED 31 DECEMBER 2021 11. Ponslon Ilnanc• In¢omo 2021 2020 Intorost In¢orne on pen8KJn s¢h8m8 assets Intere¥1 on penslon 8¢hemo Ilabllltles 129,000 196.000 1125,000) (187,000) 4.000 9.000 12. Tanglbl• flx•d a••ot• Fr•ohold land and bulldlng• Motor FIX￿￿* and v•hl¢l•8 flttlng• Total Co•t At 1 January 2021 Addbtlon8 359,236 4.714 806,553 1,159 1,159 At 31 D•c8mbar 2021 359,256 4,714 243,742 607,712 D8pr•clallon Al 1 January 2021 Chargo for the year 191,776 11,597 4,714 210,552 8,579 407,042 20,176 Al 31 Decamber 2021 203,373 4,714 219,131 427,218 N•t book valu• At 31 December 2021 155,883 24.611 180,494 At 31 December 2020 167.480 32,031 199.511 Freehold land and bulldings Includes froehohy land, the value of whl¢h Is estlmated by the Trusts85 as belng £69,32412020: £69,324), whlch has nol been depraclaled. The most recent valuatlon on 15 May 2018 Indl¢atsd that the value of Ihe property is £305,000. Pago 34

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) IA Company Llmtted by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 13. Flxod auot Inv•stm•nts Llst•d Investments Cost or valuatlon Al 1 January 2021 Dlsposals R8valuallons 1A24.980 (902,909) 89,157 At 310orAmber 2021 611,228 The Investments are Invested In a numbèr of Inve8lment funds Includlng Clorl¢al Medlcal Bonds. Canado Llfe Bonds and Newton Growth Fund. 14. D•btorn 2021 2020 VAT repayable Other debtors Prepayments and accrued Income 351 7.968 23. 708 7&608 16,452 28,826 45,629 108.284 15. Cr•dltors: Amount• lalllng du• wlthln ono y•ar 2021 2020 Trade Cred￿Or$ Other taxatlon and soGlal securlty Other creditors Accruals 14,862 35,487 10.414 29,914 24,563 70,407 25,215 90,677 60,185 Page 35

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) IA Company Llmltad by Guaranlee> NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 16. 8tat•m•nt of fund• 8tat•m•nt of lund• - curranl year Balan¢• at 31 Galn•l D•¢•mb•r 11088••1 2021 Balanca at 1 January 2021 Re•ourc In¢om• •xpanded Unrmtrfcted fund• Charftablo fund Penslon re8ep4e (note 20) 2,390,263 284,000 628,604 4,000 (552,111) (192.529) 89.157 100.000 2,555,913 195,471 2,674,263 632,604 (744,8401 189.157 2,751,384 R••trlthd fund• Re8trkled bulldlng fund R8strlct8d Afrlca fund 12,539 1.000 12.539 1,000 13,539 13.539 Total of fund• 2,687,802 632,604 {744,640) 189.157 2,764923 UnMstrlGtsd funds Charltable funds are unrestrfcled funds whlch are avallable for use at the dl8crellon of the Tru8tee8 in furtherance of Ihe gen&ral oble¢llves of the charltable company and whlch have not beon deslgnaled for other purp0888. Re•trlcted fund• The re8trlcted bulldlng lund represents the balance of unspent funds recefved towards propty related expendllure. The re8tr1cted Afrlca fund Is fvnded by the Estale ol l Klng and Is to b& used for work In Affica. Page 36

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A Company Umlt•d by Guarant•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 16. 8tat•ment of funds (contlnuod) Stat•m•nt of funds- prlor year Balance ot 31 Gainsl Decemb (losses) 2020 8818nce at l J8nu8ry 2020 R•sour¢es exp•nded Incom• Unrn8trlct•d lund• Char6table fund Penslon reserve {note 20) 2,230.826 439,000 626, 169 (437.587) 25.000 (29, 145) 2,390,263 (189,000) 284,000 2,669,826 635,169 (412.587) (218, 145) 2.674,263 Rgstrl¢t•d fvnd• Reslrlctad bulldlng lund Re8lrtcted Affica lund 72,539 12,539 1,000 13.539 13.539 Total ot fund• 2,683,365 635, 169 (412,587) f218.145) 2,687.802 17. AMly•ls of not a8Mts b•lw••n fun AnalyBl# af not 888•ts b•tw••n fund• - currnnt yeir R•8trlcted Unrestrld•d funds funds 2021 2021 Total funds 2021 Tangible fixed assets Fixed asset Investments Curr8nl assets Current liabilities Penslon reserrfe 180.494 611.228 1,854,868 (90.677) 195.471 180,494 611,228 1,868.407 (90,677) 195A71 13,539 Total 13,539 2,751.384 2,764,923 Paga 37

GRACE COMMUNION INTERNATIONAL IFORMERLY WORLDWIDE CHURCH OF GOD} IA Company Llmlted by Guarnnlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 17. Anal￿1• of net a••ets between funds (eonllnued) Anal￿1# of n•t a8•ets betwwn funds . prlor y•ar Reshlcted Unr&$trkt8d lunds fvnds 2020 2020 Totsl funds 2020 Tan9lble fixed 8880ts Flxed asset Investments Currnnl a888ts Current Ilabllltle8 P•nslon re88rve 199,511 1.424,980 825,957 (60, 185) 284,000 199,511 1,424,980 839.496 (60,185) 284.000 13.539 Total 13,539 2,674,263 2,687,802 18. R•¢on¢lllatlon of n•t mov•m•nt In funds to n•t ca•h flow from op•rallng •¢tMtI•• 2021 2020 Not {expendltureyln¢ome for th8 wjar {a• per Stalem•nl of Flnanclal Aclmtles) 122,8791 193,437 Ju•lm•nts for: DepreGlatlon Charges (nole 12} (Galn8llosse8 on Inv881m6nts Inter8$1 and rents from Inve8tmenl8 (note 31 Pension $Gheme finance In¢ome {nole 11) Decrease in nel pon$lon Ilablllty (note 20) Penslon scheme contrlbutions by th9 employer {note 20) Do¢rnasellln¢reasel in debtor8 (note 14) Increase In credttors Inoto 151 20,176 189,15n 130,750} (40001 192.529 18,987 29,145 (37,571) (9,000) (25,000) (6,938) 706 82,655 30,492 Net cash provlded by op•ratlng a¢llvltl•8 159,066 163,766 Page 38

GRACE COMMUNION IpifERNATIONAL IFORMERLY WORLDWIDE CHURCH OF GOD) (A Company Limit¢d by Guaranl•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 19. Analys18 of ¢a•h and ¢a8h •qulval•nts 2021 2020 Cash In hand 1.822,778 731,212 Total ca8h and ￿•h oqulvalonts 1,822,778 T31,212 At31 D•G•rnber 2021 January 2021 Cuh flow• Cash at bank and In hand 731,212 1.091,586 1,822.778 731,212 1.091,586 1.822,778 20. P•n•lon ¢ommltrn•nts Dofln•d eontrlbullon p•nslon 8¢h•m• The Charlty l# part ol tho NEST doflnod conldbutlon pen$lon $c￿Me. Contrfbullons lo the P8n8lon ￿hOme rncognlsod a$ an expenso In tho year was £7.448 (2020: £6,225). D•fin•d b•n¢fft group stakeholdor ponjlon •¢h•m• The Charlty operates a defingd bengfll 9roup slakehokler pen81on 8thome for It8 employees, whl¢h 18 lunded. The pen81on ¢ost and 8S8el for the year endlng 31 Decomber 2021 aro ba$od on the adv5c• of a profes$lonally qualffled actuary. The most recent fomal valuation Is 19 May 2022. Tha Schemo was closod lo now onlrants wlth effect from 31 Owewl)8r 2002. The deflned contrlbutlon a88et18 allocated lo unrestrlctod funds. Prlnclpal actuarlal assumptlons at the Balance Shèèt dote lexprewd as welghied averages): 2021 2020 Discount rate Future pension In¢rea$8s Consumer prlce Infiation RPI inflatson 1.80 2.90 2.90 3.80 1.30 2.40 3.30 Page 39

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A Cornpany Llmhed by Guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Penslon ¢ommltm•nts (contlnuedl The ¢urr•nt mortallty assumptions include suffiGlent allowance for fulure Improvements In mortallty ratas. The assumed Ilfe expectations on retlrement age 65 are: 2021 Yearn 2020 Year& Mortallty rat8s {In ￿ar$} - for a male aged 65 now . at 65 for a mal6 aged 45 now . for 8 female aged 65 now - at 65 for a female agèd 45 now 21.2 22.9 23.2 25.0 21.2 22.9 23.1 25.0 The Charlty$ share of the a88et8 In Ihe scheme was: Falr valu• at Falr valuo at 31 31 D•¢omb•r December 2021 2020 Equltle5 (Includlng pro￿rty} Bonds Insured pfrn81on8 Ca8h 1,402,000 463,000 7,390,000 210.000 1.210,000 572,000 8,206,000 211,OlXI Totsl falr value of a••¢ts 9,465,r)00 10, 199,000 The actual r6tum on 8thome a￿ets was £174,IK)012021: £657,000). The amounts roGognlsed In the Ststement of Flnancial Acfvltles are as follows: 2021 2020 Interest income Interest cost PrOVi￿on for GMP equallsatlon (129,000) (196,000) 125,000 187,000 192,529 Totsl am•unt rocognls•d In the Statement of Flnanclal ktlvlllos 188,529 (9.000) Page 40

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) (A Company Llmlled by Guarant¢?1 NOTES TO THE FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2021 P•n•lon commltm•nts (¢ontlnuod} Mov•mants In tho present value of the defined benefit obllgatlon wore as follows: 2021 2020 Openlng deflned benefit obIlga￿On Prov181on lor GMP equa118atlon Interest C08t ActuaTlal (galnsyIo88e8 Benonis pald 9,915.000 192.529 125,000 787,000 (403,000) 650,000 (560,000) (545,000) 9,623,000 Clo•lng d•fln•d b•n•fll obllgatlon 9.269,$29 9,915,000 Changes In the falr valuè of #ch8me a￿èts were as follow8: 2021 2020 Oponlng falr valua of Scheme a$80ts Interest Incomo Actuarlal {1088esV9aln8 Beneflts pald Contribution8 by the omployor 10.199,000 10,062,000 129,000 196.000 (303,000) 461,000 {560,OQO) (545,000) 25,QOO Closlng falr value of •ch•me ￿Sets 9,465,000 10.199,000 Page 41

GRACE COMMUNION IwfERNATIONAL (FORMÉRLY WORLDWIDE CHURCH OF GOD) (A Company Llmltod by Guarantoe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 20. P•nslon ¢•mmltm•nts l¢•ntlnuod) Net Actuarlal galns In the ￿ar amounted to £100,000 (2020.'10888s £l89.OL￿>. The Charfty expects to contributo £24,900 to118 Defined Benefft Pen81on Stheme In 2022. ounts ftjr the ￿j118nt and provlous year are as follow8: D8fined benefit pen81on schemes 2021 2020 Definod benefit oblEgotlon Schome 88801$ 19269,529) (9,915,000) 9,485,000 10,199,000 Su￿lU• 195N71 284,000 Experfence adJu81ments on scheme Ilabllllles Experlon¢o odlustmonts on 8¢h&me as8818 403,000 {303,000) {650,000) 461,000 100,000 (189,000) Page 42

GRACE COMMUNION INTERNATIONAL (FORMERLY WORLDWIDE CHURCH OF GOD) {A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 21. Operatlng l&a•e commltmonts Al 31 Da¢emb8r 2021 the Charlty had comrnllments to rnake future mlnlmum laa8a payments under non- cancollabla operattng lo￿$ as follows.. 2021 2020 Nol18ter than 1 year Later than 1 year and not later than 5 years 270 1,330 270 270 1.600 Rolatod party transacllo No related paty tran8actSon8 took plac8 In tho year ond8d 31 Decembor 2021. other than th066 dl8do8ed In note 9. 23. Controlllng p•rty The Charlty Is ulllmately controlled by the Board of Tru8tee8. 24. C¢xnpany Ilmlt•d by guarant•• The Charlty18 a Cornpany Ilmlted by guarantee and doe8 not h8ve Share capltal. Page 43