REGISTERED CHARITY NUMBER: 1004457 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR CHRISTADELPHIAN SAMARITAN FUND
CHRISTADELPHIAN SAMARITAN FUND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of th• Tru81008 1 10 3 Indendent Examlnerfg Roport Statemont of Flnanclal Actlvltlos Balanc• Sho•t Not•s to th• Flnanclal Slatom•nts 7 to 12
CHRISTADELPHIAN SAMARITAN FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Irustees present their rep¢yl with the financial stalem8nts of the charity for the year ended 31 December 2024. The truslees have adopted the provisions of Accounling and Reporling by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES ObJeGtIvo5 and alms The trust was established to make donations to charitable organisations and to relieve persons from outside the Christadelphian community who are in poor or slraitèn8d circumsLinces or other4¥ise In need. The tnJst fulfils its objeclives through grant making. Public bènèfit During the year the trust fulfilled its publiG benefit aims by way of its grants to various institutions from oulside the Christadelphian community. When planning grant making activitles for the year, the Trustees have considered the Commission's guidance on public benefit. Volunt••r• The trustees are grateful for the contribution made by volunteers in assisting the trust to cary out Its acllvities. Because of Ihe difficulties in quantifying economic value to the volunteers, lime their contribution has not been included in the statement of financial activities. ACHIEVEMENT AND PERFORMANCE The trust has continued to make grants to a range of causes, induding 8 number of payments to appèal funds sel up in response to vffjrldwSde crises. thus fulfilling Ils publlc benefit aims, The Major r1plent5 are detailed in note 5 to the accounts. FINANCIAL REVIEW Flnanclal posltlon The nel incoming resourc&s of the unrestricted fund for the year amounted to a deficit of £58.804 (2023: £19,737 surplus) and the totsl furKI balance cartied forward at 31 December 2024 is £158,158 (2Q23: £216,692). Reserves pollcy The reseNes held are £158.158. The Irust88s have revievd the rés8rv8s of the charity. This review included an assessment of the probable future 18vels of Income and expenditure and the size and nature of the reserves. The review concluded that it was likely that there would be greater demands on the charity in the futur& and that thè size of the reserves would enable Ihe trustees lo meet Ihese calls on the charity. FUTURE PLANS The Irustees intend to carry on providing grants in a manner similar to that of recent years. Page 1
CHRISTAOELPHIAN SAMARITAN FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The trust is an unincorporated trust. constituted under a trust dead dated 31 July 1991. and is Registered Charity number 1004457. The trustees who serrfed during thè year are shown below. Th8 trust88s are appointed by the Board of Trustees. The trustees hold meetings quarterly. where they agree the trust's overall strategy and areas of activity such as inveslment, grant making, reseNes and risk manag6menl. The day-i04ay administration of grants etc. is carried out by the Treasurer and Ihe Secretary. New trustees 8r8 provided with an induction pack which contains key information about the charity. They are also given infonnation published by the Charlty Commission on th8 duties and responsibilities of Irustees, The trustaes have identified the major rlsk8 which the trust faces and procedures have bean established to manage those risks. REFeReNce ANO ADMINISTRATIVE DETAILS R•gl8tergd Charhy numb•r 1004457 Prlnclpal addre88 Westhaven House Arleston Way Solihull West Midlands 890 4LH Tru$tg08 D P Ensell (resigned 2514124) J M Buckler R Miles (resigned 2514124) E Briley P Bromage R Deedman (Assisianl Secretary) M Halste8d (Secretary) M D Leinster (Treasurer) G M Nicholls (appointed 2514124) F R Whittaker (8PPOlnted 2514124) Independent Examln•r Vivian Shadboll FCA Prime Chartered Accountants 161 Newhall Street 81miingham B3 1SW Sollclt•XS Shakespeare Martineau LLP No. 1 Colmore Square &"rmingham B4 6AA Page 2
CHRISTADELPHIAN SAMARITAN FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Bankorn Caf Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ 8ardays Bank PIC Leicester LE87 2BB 0105 2025 Approved by order of the board oftrustees on ................. and slgned on its behalf by.. M D Lelnster- Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRISTADELPHIAN SAMARITAN FUND Indopendont Qxamlnerfs report to the trustees of Chrfstadelphlan Samarftan Fund I report to the charity twstees on my eXaMinan of the accounts of Chrlstadelphian Samaritan Fund (the TrusQ for Ihe y8ar end8d 31 Oe(xmb8r 2024. R•sponglbllltle8 and basls of report As th8 tharity trustees of the Trust you are respOnsle for th8 preparation of Ihe accounts in accordance with thè requiréménts ofthè Charitias Ad 2011 Cthe Ac*). I report in respect of my examinaUon of the Trusf8 accounts carried out under Section 145 of the Act aThJ in carrying out my examlnation I have followed all applicable Directions given by the Charty Commisslon under Section 145{5)(b) of th8 Act. Indopgndont •xamln•rf• 8tatem•nt I hav8 compl8t8d my examination. I confinn that no materlal matters have come to my attention In connectlon with the examinat6( glving me &gU88 to believe that in any material re8pect'. aCQnI1ng recd$ were not kept In respect of the Tru8t a8 required by Section 130 of the Act: or the accounts do not accord with those records,. or the acc<)unts do not comply with the applicable requiremenls conc8ming the form and content of 8ccounls set out in the Charities (Accounts and Reports) Regulations 28 olh8r than any requirement that the accounts glve a true and fair view which is not a matter considered as part of an indapendenl examlnation. I have no eone4ms and have come across no other matters In conn8dlon wlth the examln8tion to whlch attention should bo drawn in Ihi$ reFrf)rt in ordar to enable a proper underslandlng of the a¢xounts to be reached. Vfftiian Shadboli FCA Prime Chartered Accountsnts 161 Newhall Street Birmingham B3 1SW Page 4
CHRISTADELPHIAN SAMARITAN FUND STATEMENT OF FINANCIAL ACTIVMES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Tolal funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donallons and legacies 59,022 820 59.842 187,159 Investment Income 3,521 3,621 2.647 T¢)tal 62,543 820 63,363 189,806 EXPENDITURE ON Raising funds 2,150 Charltablo actlvltles Grants Expenses 119,601 1,906 780 120,261 1.906 168,069 Totsl 121,407 122,167 170,219 NET INCOMEIIEXPENDITURE) 158,864) 60 168,804) 19,587 RECONCILIATION OF FUNDS Total funds brougm forward 216,962 216.962 197,375 TOTAL FUNDS CARRIED FORYIARD 168,098 158,168 216.962 The notes fomi part of these financial statements Page 5
CHRISTADELPHIAN SAMARITAM FUND BALANCE SHEET 31 DECEMBER 2024 2024 T¢)tal funds 2023 Total funds Unrestricted RestriGlèd nd funds N¢)te8 CURRENT ASSETS Debtors Cash at bank 2.792 156.986 2,792 157,046 4,472 214,110 159,778 60 159.838 218,582 CREDITORS Amounts falllng due within one y 11,680 11.680) (1,620) NET CURRENT ASSETS 158,098 60 158,158 216,962 TOTAL ASSETS LESS CURRENT LIABILITIES 168,098 168.168 216.962 NET ASSET8 158,098 60 168,168 218,962 FUNDS Unrestricled funds RestrKted funds 10 158,098 216,962 TnTAL FUND8 168,168 216,982 Tha flnanclal 8tatement8 were approved by the Board of Trustees and auth(Yl8ed for tssue on ,.0.I..Q5.202&.......... . and were signed on its behalf by: MJ/,J. M O Lw*r. TNIIOO M Halstead - Tru$tee The notes form part of these financial ststements Page 6
CHRISTADELPHIAN SAMARITAN FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Bas18 of preparlng Iho financial statements The financial stalements of the charity. thlch is a public benefit enlity under FRS 1D2, have been prepared in accordan wlth the Charities SORP (FRS 102) 'Accountsng and Reporting by Charities.. Statement of Recommended Practi applicable to charitles preparing Iheir accounts in accordance with th8 Flnanclal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, arKJ th8 Charities Act 2011. The financial statements have been prepared under the historical cost convenlion. Incom• All income Is recognised in the Statemenl of Financial Activities once Ihe charity has entitlement to the funds. It Is probable that the income will be received and the amount can be measured reliably. Expendllur• Liabilities are recognised as expendhture as soon as there is a legal or constructlve obligation commlttlng the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliabty. Expenditure Is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to acts'vities on a basis consistent with the use of resources. Grants offered subject to conditions which hav8 not been met al the year end date are noted as a commitment but not accrued as expenditure. Other expenditure Is Induded on the accruals basis. Governanc• costs Govemance wsts include all costs involving the public accountabllity of the charity and its compliance with regulation and good practice. These costs include all costs r8lat8d lo the Independenl examiners r8port and other sundry expenditure Taxallon The charity is exempt from tax on its eharltable activilies. Irrecoverable VAT is charged lo the category of expenditur8 for which it was incurred, Tax recovered from volunlary income received under gift aid is recogni5ed. where malerial, when the related income is recdvabl8 and is allocaled to Ihe income category to which the income r81at8S. Fund a¢counllng Unrestricted funds are general funds that are available for use at the trustees, discrelion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpos8. Volunteers Because of Ihe difficulties in quantifying economic value to the volunteers. time their contribution has not been Included in the statement of financial activities. Page 7 continued...
CHRISTADELPHIAN SAMARITAN FUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEM8ER 2024 DONATIONS AND LEGACIES 2024 2023 Ecclesial Donations Indivldual Donab'ons Gifta Legacies 33,702 12,597 13.543 55,614 76,214 17,096 38,235 59,842 187,159 INVESTMENT INCOME 2024 2023 Deposlt account interest 3,521 2,647 CHARITABLE ACTMTIES COSTS Grant funding of activities (see note 5) Support costs (s88 note 6) Totals Granls Expénsés 120.261 120261 1,906 120,281 1,906 122,167 GRANTS PAYABLE Th8 total grants pald to institutions during the year was as follows.. 2024 2023 Action Aid British Red Cross British Red Cross - Gaza Morocco Libya Brilish Red Cross - Moroccan Earthquake Appeal British Red Cross - Pakistan 8riiish Red Cross - Turkey Brillsh Red Cross - Ukraine Children of Peace Disaster Emergency Committee (DEC) - Pakistan Floods Disaster Emergency Commgttee (DEC) - Turk8yISyria Earthquake Eastside Community Twst IRC - IraniaTb Relief Magen David Adom Malaw Rell8f Fund Oxfam Oxfam - 88ngladesh Flood Aopeal Oxfam - Turkeylsyria Earthquake Relief Intemational - Iran ShelterBox Trust 2,000 2,000 450 5,300 173 261 100 1,875 3,415 1.000 1,808 5,000 300 2,000 5,000 17,322 2,021 3,0 Page 8 continued...
CHRISTADELPHIAN SAMARITAN FUND NOTES TO THE FINANCIAL STATEMENTS - continuod FOR THE YEAR ENDED 31 DECEMBER 2024 GRANTS PAYABLE - continued ShelterBox Twst - Libya Flood Appeal ShelterBox Trust - Turkeylsyria Earthquake STFC Philanthropy STFC Philanthropy- Gaza Israel The Trussell Trust The United Kingdom Commit Unicef - Ukraine Unicef - Yemen Other 5,700 12,328 2,000 5,000 5.000 2,000 50 245 88,731 5,760 108,401 120,261 168,069 SUPPORT COSTS Govemance costs Finance Totals Expenses 1,846 1,906 Support costs, included In the above, are as follows.. Flnance 2024 2023 Total activities Expenses Bank charges 34 Gov•rnancg Costs 2024 2023 Total activities Expenses Sundries Independent 8xamin8llon 116 2,000 1,680 1,846 2,116 Page 9 continued...
CHRISTADELPHIAN SAMARITAN FUND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THEYEAR ENDED 31 DECEMBER2024 TRUSTEES, REMUNERATION AND BENEFITS There were no Irustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Tru¥tsos' expènses There were no trustees, 8xpens8s paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. DEBTORS: AMOUNTS FALLING DUE WITHIN ONe YEAR 2024 2023 Gift Aid Debtor 2.792 4.472 CREDITORS: AMOUNTS FALUNG Due WTHIN ONE YEAR 2024 2023 Accrued expenses 1.680 1,620 10. MOVEMENT IN FUNDS Nal movement In funds At 31,12.24 Al 1.1.24 Unrestrlcted funds General fund 216,962 ($8,864) 1 $8,098 Regtrlcted funds MoroccolLlbyalGaza TOTAL FUNDS 216,962 ($8,804) 158,158 Net movement in funds, induded In the above are as follows: Incoming resources Resources expended Movement in funds Unrostrlcted funds General fund 62,543 (121,407) 158,864) Restrlcled funds MoroccolLibyalGard 820 (760) TOTAL FUNDS 63.363 (122,167) 158,804) Page 10 continued...
CHRISTADELPHIAN SAMARITAN FUND NOTES TO THE FINANCIAL STATEMENTS - conllnu•d FOR THE YEAR ENDED 31 DECEM8ER 2024 10. MOVEMENT IN FUNDS • contlnuad Comparatives for movam•nt in funds Net movement in funds Transfers beeen funds At 31.12.23 At 1.1.23 Unre3trlctod fund$ Gener81 fund 197.225 20.932 (1,195) 216.962 Restrlcted funds Disaster Emergency Committee - Pakistan Floods Shelter Children of Peace Iran MoroccolLibyalG8za Turkeylsyria Earthquake (60) 1150) (375) (75) (250) (435) 60 150 375 75 250 435 150 11,345) 1.195 TOTAL FUNDS 197,375 19,587 216,962 Comparatlve net movement In funds, Induded in the above are as follows,. Incoming resources Resources expended Movement in funds Unrogtrl¢l•d funds General fund 161,471 (140,539) 20,932 R•8trict•d fund8 Disaster Emergency Commlttee - Pakistan Floods Save The Children - Yemen Crisls Shelter Ukraine Children of Peace Iran Malawi MoroccolLibyalGaza Turk8yISyria Earthquake 173 245 (233) (245) (150) (80) {1,875) (2,021) 1300) (1.450) (23,326) (60) (150) 1,500 1.946 300 1,200 22,891 (375) (75) {250) {435) 28.335 (29,680) (1.3451 TOTAL FUNDS 189,806 (170,219) 19.587 Page11 continuèd...
CHRISTADELPHIAN SAMARITAN FUND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OECEMBER 2024 11. RELATED PARTY DISCLOSURES There W8Te no related party transactions for the year ended 31 December 2024. Page 12