Annual Report
Financi
Stateillents
For the year ended 31 March 2024
CARE (CHRISTIAN ACTION RESEARCH AND EDUCATION)

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Contents
Page
l. Charity infonnation
2. Trustees report
Governance
Org8-nisation and sttuoture
Rislc Inanagement
Summary of activity
Financial prdctices
St&tement of Trustees, responsibilities
Statement as to disclosure of inforniation
to the auditors
Auditors
ii,
iv.
vi.
vii.
viii.
3. Independent auditors report
12-15
4, Statement of financial activities
16
5. Balance sheet
17
6. Statement of casli flows
7. Notes to the financial statemeiits
19-31

CARE (CHRISTIAN ACTION RE4 SEARCH & EDUCATION)
Charity information
Charity registration number:
1066963
Scottish charity registration llumber:
SC038911
Company registration number:
3481417
Registered office:
53 Romney Street
Westiniitster
London
SWIP 3RF
Banliers:
Lloyds TSB plc
Westminster House
4 Dean Stanley Streei
London
SWIP 3HU
Co-operative Bank Pl
62-64 SOuth￿￿ptOn Row
Holbom
London
WCIB 4ND
Auditor5:
UHY Ha¢1(￿ Young Fitch Limited
Suite 2.06 Custom House
Custom House Square
Belfast
BTI 3ET
Solicitors:
Moore Barlow LLP
lie Oriel
Sydenham Road
Guilford
GUI 3SR

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Trustees, re
ort for the
ear ended 31 March 2024
The Trustees present their report and the audited financial stateinent8 of the charity for the year ended 31 March
2024, which are also prepared to meet the requireinents for a directors, Teport and accounts for Companies Act
PUTposes. Tlie Trustees li&ve adopted the provisiolls of the Statement of Recommended Practice (SORP)
"Accounting and Reporting by Charities"
I. Governance
Governing document
CARE (Christian Action Research & Education) is a registered charity both in England & Wales and Scotland
and a company limited by guar￿ltee.
The organisation's governing documents are its Memorandum and Articles of Association dated 8 December
1997, which were last amended 01128 March 2007.
Councll of Management (Trustees)
The Mernbe￿ of the Board of Trustees (known as the Council of Maiiagement in ow Articles of Association)
are its directors for the piirpose of cojllpany law and Trustecs for the purpose of charity law and throughout this
report are collectively referred to as 'the Trustees,.
The Trust¢es serving during tlie year are:
Mr John O, Brien (Chair of Trustees)
Mr Michael, Grten
Sir Charles Hoare Bt.
Iwrs Lucy Roclielle
Mr Gareth Russell
The Revd Charles Trefusis
In die event of a windiiig up of Ilie oharity, each niember is liable to contribute an amount not exceeding £1 O.
The members are also its Trustees and therefore at the year end the number of members was six.
The following non-￿eMberS attend the Board of Trustees meettng by iiivitation..
Rev Lyndon Bowring (Co-founder of CARE)
Mr Ross Hendry (in his capacity as Chief Executive Officer)
From Novemb¢r 2023 Mr Tom Kendall also atteiided Board meetings as the Company Secretary (confirnied by
Board on 30 November 2023).
Appointment of Trustees
The Chair of Trustees is nominated by the Board of Trustees. One third (currently two) of the Trustees
elected or re-elected annually by members attendlng the Annual General Meeting and serve for a period of
three years. All inembers are circulated witli invitations to nominate trustees, prior to tlie AGM.
Micliael Green and Lucy Roclielle were re-elected at the AGM in November 2023.

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Trustees, responsibilities
CARE is a registered Christian charity providing resources and helping to bring Christian insight and
experience to InatteTS of public policy to coinplement practical caring initiatives, particularly on behalf of diose
Inost in need.
Eacli year the Trustees review Job Descriptions for Trustees, the Chair of Trustee5, CEO, and Compaiiy
Secretary. In additio￿ tlie Board define their reserved responsibilities in a scliedule reviewed annually. All
matters not specifically stated as reserved are delegated to the Chief Executive Officer,
The ch￿ity'S TrLlSt¢es l)av¢ complied with their duty in Section 4 of tlie Charities Act 2006 to have due regard
to Public Benefit guidance issued by the Charity Commission have taken account of it iii planning future
activities. The Trustees do not reoeive any private benefit from the charity, otlier th￿] set out in note 21 and die
section on Related Parties.
Related parties
Sir Charles Hohre, Trustee, received reinuneration froin CARE as a consultant for public policy and
governance advice supporting CARE, including supporting the cliarity's work at die European Leadeiship
Forum. These transactions are disclosed in note 21 of these accounts.
Trustee induction and training
New Trustees will undergo an induction programme led by the CIIpAir of Trustees supported by the Company
Secretary. Tbis includes an introdiiction to CARE, its work and history, as well as the legal, fiduciary,
leadership, and strategic responsibilities and duties as a Trustee. Every Trustee must demonstrate tlieir
commitinent to CARE'S stateinent of faith that is consistent with evangelical biblical belief and its application
to the leadership of the charity.
In ApTiI 2023 the Board eiigaged a11 external consultancy to uiidertake a govemance review. Th(s was
completed in March 2024, Tliis work was Part of CARE'S coininitmeiit to ensuring tliat its governance
arrangements reflect good practice and the ￿VIew'S recoinmendations have been considered a]id are all
reflected iii the Board's ongoing work.
II. Or
anisation and structure
The Board meets quarterly in order to ensure the charity is meeting its charitable objects and legal obligations.
They receive regular reports from tlie Cliief Executive OtTicer regarding tlie geiieral OEEration of tlie charity ag
well as updates on major projects. Trustees are responsible fDr the financial sustainability of the charity as well
as compli￿1C¢ witli charity aiid employment law.
The Cliief Ixecutive Officer is appointed by tlie Trustees lo impleinent the charity's strategic vision and
manage the day-to-day operations of tlie charity and reports to the CliaiT of Trustees. The Cliief E4xecutive
Officer manages a team of foiw Directors responsible for Policy and Advocacy, Commuiiications and
Engagement, Phklaiithropy, and the Institute for Faith and Culture. ThKS group constitutes the Senior Lead¢rsl)ip
Team who ineet on a monthly basis.
Remuneration of the Chief Executive and his team is approved by the Board of Trustees as part of the ilnnual
Busincss Plan and Budget approval process, It seeks to reflect the cost of living and wider inarket rates.

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
III. Risk mana
ement
CorpO￿te Tisk is reviewed at each Board of Trustee meeting, where a strategiG risk register is considered and
maintained. In N4arcb 2024 the top scored risks for CARE, pre-lnitigations, were considered to be:
l. A 5ig]ificant drop in voluntary incorne and regular giving.
2. Attacks on the charity's reputstion due to maintaining a biblical position on Icvy social issues.
3, Challenges recruiting top talent to fill key staffing gaps.
4. Ensuriiig capacity within a small Ch￿ltY to coinply with charity law and otlier legal I'equirements and
guidance at a]1 times.
These risl(s were consistent with those identified in in the last Annual Report and Accounts, altliough their
scoring may liave changed because of the ongoing cost of living crisis and Government changes throughout
2023-2024 year. Trustees continue to review and update niitigations and actions that reduce these risks at each
meeting.
IV. Summar
of activi
How we seek to meet our charitable objects.
CARE'S charitable object is set out in our governing documents. It is 44the advancement and propagation of
the Christian Gospel alld iii particular Cliristian teaching as it bears on or affects nat5.onal and
individual morality and ethics."
Our Vision Stateinent is:
Politics renewed,. lives Iransformed
Our mission is to sp¢ak God's better story into public life. We do this by:
i. Engaging Èlle cliurch, because we believe the Church is God's action-plan for changing the world,.
ii. EquippiHgFoliticians and those wlio influence piiblic policy because our leaders need to be presented with
wisdom froin God's Word and rigorous researdi. and
iii. E7npowerlng]ulure leaders so tliat our society and communities are led well by people who seelc to
maintain die highest standards in piiblic life.
We a150 continue to support the delivery of social actioii services both through direct delivery and indirectly
through grants.
An overview of our activAties to March 2024
CARE has an Annual Business Pl￿] that sets out the work it inteiids to carry out to m¢et the aiins set oirt V4bove.
This is reflected in each member of staff s objectives. Tlie overall work is monitored and reviewed by the Chief
Bx¢¢utiv¢ OfFicer who is accountable to tlie Board,
In 2023-24 we had four Corpoizte Objectives:
To implement the new strategy with a talente( Inission focused leam woj'king effectively in a
professional environment.
Reach, engage, and recruit more Parliamentary and church supporters and doiiors.
Identify and achieve tangible successes thi'ough our campaign and public affairs work, that we
Gelebrate inteTnally and with external aiidiences.
Use significant a￿lIVersarY years for CARE and the Leadership PrograM￿e to honour our failhFi
supportei's and launcli new major projects that will secure CARE'S fiiture role and place in the public
squ￿e.
To realise these objectives, we set Oli￿elveS the goal of delivering 12 major projects alongside our business as
usiial.
ii.
iv.

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Four of the 12 projects were fully delivered. A further six of the projects delivered at lea¥[ 25 per cent of the
deliverables we set as a target, and in most cases this percentage was inuch higher. We did not deliver three
projects, and this was due to delays in recruitinent of key staff, capacity, resources, or issues with third paty
suppliers. Most of the taTgets not oompleted by March 2024 will be achieved during 2024-25.
Some of our main achievements and highlights from the last year include:
Engaglng the Church
Educational content
Our online offer and resources available to individuals and churche5 grew significantly as we began to roll out
our strntegic vision to supporters and partners, As well as resources explaining CARE'S worlc and mission we
produced 'biblical deep dive, guides on issues including geiider identity, alongside prayer guides for our
different causes that are now widely iised, Tlie Cornmunications and Engagement team also published online
resources including Fowidations (providing an overview of our Christian worldview) and video resources for
cliurclies and sinall groups.
Direct cliurch and su
orter en
ement
Our Church Eiigagement teains in England, Scotland aiid Nord]ern Ireland visited more churches ￿ld delivered
more speaking engageinents in the year to March 2024 tlian in anytiine over tlie previoiis five years, Each of the
tlyee nations has a bespoke brochure with our speaking, engagements and teaching offer to churches. We also
grew Icey strategic partnerships'and relationships with different denominations and church networks including
Affinity, Federation of Indep¢ndent Evangelicak Churches (FIEC), ￿]d Tlie Assemblies of God.
We continued to Iiost supporter events online and in-person across the country. These serve as an introduction
to CARE foi potsntial new siipporters. For cU￿ellt supporters these events seTve as updates on our Work and an
opportunity to comiect widi our co-founder and the Seiiior Leadersliip Team.
CARE'S onliiie ￿]d media
resence
Our online preseiice coiitinued to grow substantially in the year to Marcli 2024, witli a rise of at least 50 % (and
often substantially more) across all oiir digital channels. New content was launched (e.g. regul￿ podcasts
liosted by our Director of Communications and Engag￿n¢￿t &nd our Head of Content) and work began on two
new websites: one specifically for th¢ 2024 UK General Election and the other a new main website to better
reflect our strategic vision.
We Tea]is¢d similar success in rdisillg awareness of CIlRE and our causes across print and broadcast media. As
well as serving the Christian media sector we featured regularly in national and regional pres5 and
programming including BBC, Channel 4, Tlie Telegrapli, The Times, Daily Mail, ajid other n&tiOilELI papers.
CARE spokespeople regularly appeared as expert commentators in Scotland and Northern Ireland as well as
UK piiblications ￿]d programmes.
Equipping policy makers
Wc continued to eqLiiP policy makers, especially politicians and law makers in Westminster, Edinburgh, and
Belfast, with a biblical perspective and research on a range of issues and causes. We responded to UK
gover￿Dent's, Devolved Adrninistrations,, and statutory agency c011sultations, and submitted evidence to
several Inquiries on issues relating to nine different policy areas.
work in this &rea also included briefings and iiotes on specific Bills, and debates for PaTliaJnentaTians and
Asseinbly members, drafting and supporting amendments to legislation, as well as contributing expertise to
coalitions and other orgai]isations that we partner with on specific issues.
Soine of our Icey areas of work in the year to March 2024 included:

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Online Safe Act
CARE was a leading voice in the coalition of organisations that sought to amend the Bill to provide increased
protections for children against Iiarinful content. In July 2023, the Government accepted CARE'S key demands
in relation to age verification for pornography in tlie Bill. Tliis was a significant victory and the culinination Df
many years, work in this area.
Because in large part of CARE'S efforts, pornography is named as a harm to childTen on the face of the Act and
we have concrete commitinents around age verification and its iinplementation, We have continued to work
with partners to ensure tlie provisions in the Bill are fully impleinented,
Gamblin
Reforin
CARE responded to a number of consultations across the year on gambling reforms including the Department
for CultUTe Media aijd Sport's (DCMS) White Paper and consultations by the Gambling Cominission. We also
submitted evidence to DCMS, Committee Inquiry on gambling regulation. OUT focus has been on protecting
the vulnerable from exploitation by the gambling industry. We also held constructive discussions with
politicians in Westminster, Edinburgh, and Belfast on potential reforms,
Huinan Trafficliin
We provided briefings, evidence and amendments to ParI1￿Me11tarIans on tlie Illegal Migration Bill and the
Rwanda Bill. OUT work highliglited tlie negative impact aspects of both pieces of legislation would have on
trafficked people. We built and continue to build strong relationships acTOSS Parliament, and a number of our
suggested amendmeiits to the Illegal Migration Bill, were passed by the Lords.
Asgisted Suicide
Our work on assisted suicide mainly focused on raising awareness amongst politicians, the Jnedia, and
Clyistians about the d￿geTS and implications of legislation in tliis area, We worked both independently and
through coalitions such as Care Not Killing to support work on this issiie across all parts of tlie UIC. Our work
particularly focused on consultations on proposed legislation in tlie Scottish ParlI￿nent the Isle of Man and
Jersey and we highl1￿)tCd how diis would impact the r¢st of the UK.
irlliin
of Life
Our work on protecting children froin conception was focwed on presenting a case for resisting furtlier
liberalisation of abortÈon laws and seeking equality of protection for disabled people ￿ld unborn babies with a
diagnosed disability that demonstrated compassion for the Jnother and the cliild.
R¢latioTJshi
d Sex Educatioii
RSE
We einbarlced on a inajor plece of research iiivolving a Freedom of Information request sent to over 4,000
scliools across Bngland asliing about the RSE cU￿1c￿lUM and resources, alongside a survey of over 1,000
parents, investigating awareness levels of their Tkghts and what was being taughl in their children's schools.
The finding8 informed our response to a Departinent for Education consultation on RSE.
Other
olic
areas
CARE'S new strategic vision sets out a frarn.ework whereby our policy and public afftirs work will be driven
by tlie goal of empoweriiig md s¢¢kiiig th¢ flourishing of particular vulnerable groups. Namely.. cliildren at risk
of harin, fainilies struggling to cope, people iinpacted by harmful behaviours, and tlie elderly. Work began
dui'ing 2023 and early 2024 to develop a biblical better story for each of these groups and identify challenges to
their flourishing where CARE could have an impact. On completion, thi8 work will be the central plank of
CARE'S public policy work iii the second half of 2024.

CARE (CHRISTIAN ACTIOIY RESEIARCH & EDUCATION)
4 mpowering future leaders
Institute for Faitli and Culture:
L¢adersliip Programme
The Leadership Progrdnme is a year-long programme that gives CILristian graduates the opportunity to work
for a Parliamentarian or NGO, whilst also participating in an intensive study progranime for one day a week,
and regular study weekends. In the surnmer of 2023, tli¢ twelv¢ 2022-23 participants coinpleted the Leader511ip
Prograrnme successfully. Some remain working in Westh]iiister in Parliamentsry or public affairs roles. while
others have continued professional careers in other fields.
The fifteen placements for 2023-2024 comprises tlie largest cohort of graduates and placemeiits in Parli￿llellt
for fourteen years. Many of the placements have been new, with Parliamentarians who had no prior affiliation
to CARE. Placements have beeii witli Ineinbers in both Houses and across parties as well as Crossbench Peers.
These will be con]pleted in July 2024. The IFC education programme, running alongside die placernents, drew
on leading theologians, acad¢Jnics, leaders in politlC5, law, business and the church,
Alumni development
In 2023.24 we invested in developing an alurnni network. In June 2023 we celebrated 30 years of the
PrO￿amme with an event in PaYlian]ent attended by oveT 120 people. As well as hosting dinners for a]umni
year group5 we also launched ali alumni newsletter in Spring 2024.
In November 2023 we published 30 stories of aluinni to reflect the impact of the Programme over the last 30
years. This was well received by bodi supporters and alumni.
Euro
ean Leader81]i
Forum
ELF
CARE was once again responsible for leading the PolitlGS and Society Network session at the European
Leaderslllp Foruin (ELF) in May 2024. Tlie confereiice was attended by over 800 people, Inaiiily dr&wn from
across tlie European continent, with a particu]&T focus on Central wid Eastern Europeaii participatioii. Tl]rougli
our work at ELF, we have an opportunity to equip leaders to infiuence society through a Christian worldview
and to be salt and light in their context. The Politics and Society Network wnsisted of 30 members drawn from
16 diffeTent nations.
Supporting praictieal expressions linked to our areas of research and education.
OPEN
OPEN continues to equip cliurclies to uiiderstand the pastoral issues siirrouiidiiig uniiiteiided pregiiancyj
abortion and other baby loss.
In the year up March 2024 OPEN continued to deliver courses and talks online in addition to training sessions
delivered in person to cliurches and groups of people interested iii iiiiderstanding and bringing a pastoral
responge to tlie issues of crisis pregnancy, abortion and otlier pregnancy loss.
The service is expaiiding, and a recruitment process began to appoint new consultantg in Nortliern Irel&TJd, and
&noth¢r to England, Scotland and Wales (appointments were made lli May and June 2024 respectively),
for Schools
Pray for Schools is a partnership with Youth for Christ, Association of Christian Teacliers, Open the Boolc,
Prayer Spaces in Schools, Scripture Union aiid Free Chiirches Group. Its ambitious vision is for every school in
t]ie UK to be a 'prayed for, school.
Ten meetings were held across tlie year, wliere supiN)rters shared prayer requests and prayed for s¢liools locally
and nationally, Tl]roughout the year we seiit out resources to inform and ¢n￿Urage prayer, goiiig to 800 email
recipients in total.

CARE (CHRISTIAN ACTIofq RESEARCH & EDUCATIOIY)
Other notable worli completed
During September 2023 we undertook a major building project to create a new modern meeting space on
our ground floor. This is the first phase of a larger redevelopment projecl that we aim to begin in 2025126. Tlie
new ineeting room is larger, better equipped and will, in time form part of a fully accessible meeting and
worlLspace offer for those with restricted mobility or disability.
The larger meeting space deinonstrated a number of beiiefits, such as enabling us to increase the Leadersliip
Prograrnme membership to 15. We offer the Ineeting room free of charge to other Christian charities and
partners, and tliis I￿S proved very popular with the meeting space used by external organisations on a weekly
basis.
In October 2023 we held a IArge supporter event in central London to celebrate our 40 anniversary.
Ovei. 400 people atteiided the celebration, iiicluding many church leaders and suppoiters who have partnered in
our work for several decades. External speakers included theologian RT Kendall and evangelist Glen Scrivener.
The inain event was preceded by a lunch for church leaders and pre￿lIerS.
The event received very Positive feedback from supporters, and we were able to sliare elements Df the day
through film and a hard copy summary for tliose iu]able to attend in person through our website.
Grants awarded to other organisatlons
Over the course of the year, we supported other organisations tliat undertaking iinportant work consisteiit
with our own charitable objects. Many of these provide practical support and help to their beneficiaries ni ways
tliat CARE oannot.
Care Not Killing.. Promoting resources in support of better eiid of life care and opposition to assisted
siiicide legislation.
Forum for c1￿1Stian Leaders: to provide scholarships to young or resource poor Christian Leaders lo
attend ELF and its Politi¢s and Society Network
Priorities for 202425
Our Priorities foT 2024-25 are:
l. To equip Christians and churches across the UK to have informed engagem¢nt with their local
Parliamentary candidates and nalional debates during the UK General Election.
2. We will realise at least one legislative change or Governinent commitment to action that we have
calle41 for.
3. To increase the number of supporters and donors and deepen the engagement with those who we
already worlc with.
4. New partnerships and network8 of public square leaders Ivill be established to promote, deliver,
and realise our mission.
We have set a goal of delivering 24 projects alongside our bi￿lnesS ￿ usual to realise these objcctives. Tliese
are defined in an Anniial Business Plan that every meinber of the charity lias access to and will be regularly
tracked and monitored by the Senior Leadership Team.
V. Financial
ractices
Fundraising Practice
Tlie large majority of CARE'S funding is received froin thous&nds of faithful.UK suppotters who make regular
donations, aiid we continue to give thanlcs for Ilieir generosity.
CARE'S fundraising is compliant with the recognised standards of fundraisiiig set out in t1￿ Code of
Fundraising Practice. CARE paiticipates kn the Funth'aising Regulator's voluntary regulatory i'egime. No
ci)mplainls abolit the cli&'ity's fundraising activities were received during tlie 2023-24 finE￿Cl￿ year.

CAREI (CHRISTIAN ACTION RESEARCH & EDUCATIOIY)
All requests for donations are compliant with GDPR Regulations and those responsible for fundraising are
carefully monitored.
We mattage all our mailings and correspondence with supporters in line with their communication Preferences.
All correspondence provides the recipient with inforniation about how they can be removed from our mailing
lists, We do not undertake telephone ftLn(baising, and we ensure th&t our fundraising requests are sensitive and
without pressure.
Financia] review
During th¢ year, CARE made a deficit on unrestricted funds of £98,387 (2023: £122,262 surplu8). This in¢lud¢s
the receipt of legacies totaIling £138,763 (2023: £303,568). The Trustees remain committed to ensuring that
CARE has in place a robust biidget and financial controls to ensure the detivery of CARE'S objectives.
Net movetnent in funds for the year aniounted to £112,965 net expenditure (2023: £114,746 net income).
Unrestricted fund balances carried forward at the year-end were £4,445,123 (2023: £4,543,510). Restricted
funds carried fonvard at the year-end amounted to £43,819 (2023: £58,397).
Investment policy
Under the Memordndum and Articles of Association, CARE has the power to malce any investment which the
Trustees see fit. Since CARE intends to hold limited reseLwes, most funds are held in instant access th deposit
accounts. Where significant money is being held in Restricted and Designated Funds, the Trustes will invost in
fixed-term accounts of up to six montlis.
ReSc￿eS policy
CARE has no cunrnt involvement in major capital programmes, nor does it have any directly dependent
beneficiaries. However, a major refurbiyhment of the CARE Westminster office n￿Y begin in 2025126. It is
expected that the Earge majority of funding required will be fundraised. Nevertheless, trustees feel At is
appropriate to hold free reserve equivalent to four to six months, operating costs (approximately £660,000)
within the n&Yt year. Free reserves are calculated as total general funds e￿lUdittg tangible fixed assets. At the
end of the year, free reserves were £1,521,529 (2023: £1,496,964), Trustees will continii¢ to review their
investinent strategy anniwlly and explore the use of investment programmes for an appropriate proportion of
free reserves in order to protect the long-term interests of the charity.
Assessment of CARE as a 'Golng Concern,
CARE is in a strong financial position with reserves significantly above the Reserves Policy.
Each year Trustees approve an annual cbarity business plan that sets out how it intends to use is financial
resources. At the beginning of the financial y¢ar the Annual Business Plan and Budget forecast a significant
deficit link¢d to the development of work and recrui1ment designed to raise the long-terin income of the charity.
Much of this work was undertaken but also delayed. Therefore, the forecast deficit was nol realised. Tl]is will
carry into 2024-25 and 2025-26 with the aini of ￿turlling the Ch￿lty to breakeven and then Su￿LuS over a flve-
year cycle by realising a new higher annual average income than is Gurrently the case. Trustees See this
investment operating within tlie Reserves Policy and strengthening all already good operating position.
'or this reaso￿ Trustees agree that CARE meets all reasonable going concern tests.
io

CARE (CHRISTIAN ACTION RESEARCH & EDUCATIOIY)
VI. Statement of Trustees, res
onsAbilitie8
Company law requires Trustees to prepare financial statements for each finallcial year which give a true and
fair view of the state of affairs of the charity as at the balance sheet date, and of their income and expenditure
for the fAnarLcial year. In prep￿illg thosc financial statenLcnts, the Trustecs are required to:
select suitable accounting policies and then apply them consistently9
make judgements and estimates that are reasonable and prudent,
state whether applicable accounting standards and Statements of Reconllnend¢d Practice have been
followed, subject to any material departures disclosed and explained in the financial statements,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in op¢ration.
The Trustees are responsible for maintaining proper accounting records which dis¢los¢ with re￿Ollable
accuracy at any time the financial position of the charity and to enable them to ensure that the financial
Statements comply with Companies Act 2006. They are also responsiblc for safeguarding the assets of the
charity and hence for taking reasoriable steps for the prevention and detection of fraud and other irr¢gulpJities.
VII. Statement as to disclosure of information to auditors
The Truste¢s have taken all the necessary steps to make us aware, as Trustees, of any relevant audit infomiation
and to establish that the auditors are aware of that inforniation. As far as the Trustees are aware, there is no
relevant audit information of which the oharity's auditors are unaware.
vItL Audito
A resolution to re-appoint UHY Hacker Young Fitch as auditors will be proposed at the forthcoming Annual
General Meeting.
These Accounts have been prepared in accordance with the provisions applicable to compallies subject to the
Small Compat]ies' regime.
Approved by the Council of Management on 26 September 2024 and signed on their behalf by
MrJo
James
'Bri¢n, Chair of Trust¢es

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Inde
endent Auditor's Re
Research and Education
ort to the Trustees of CARE
Christian Action
OpAnion
We Iiave audited the f￿￿ncIal statements of CARE (Christian Action Research & Educatioii) (tlie '¢liaritable
¢ornpaiiy') for tlie year ended 31 March 2024 which comprise the Stateinent of fInancial ￿tIvItIes, tlie Balance
sheet, the Statement of cash flows and the related notes, including a suminary of sigiiificant accounting policies.
The financial reporting fr￿lleW0rk that has been applied in their preparation is applicable law &nd United
Icingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, (United Icingdom Generally Accepted Accounting Practice).
In our opinion tlie financia] statements..
give a true and fair view of the state of tlie charitable company's affairs as at 31 March 2024 and of its
incoining resources and application of resources, includll1g its income and expenditure for the year then
elided.
have beeii properly ptepared in accordance witli Unlted Icingdom Generally Accepted Accounting
Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006, Charities Act 2011,
the Charkties ￿ld Trustee Investment (Scotland) Act 2005 and regulatioii 8 of tlie Charities Accounts
(ScodaDd) RFgul&tions 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditiiig (UIC) (ISAS (UK)) and applicable
law. Our reSpO￿l6111tieS under those standards are further described in the Auditors, responsibilities for tlie audit
of tlie financial statements section of our report, We are independent of tlie charitable coinpany in accordance
widi the ethical requirements tliat ¢ir¢ relevant to our audit of the fill￿￿1a] statejneiits in the United Kingdoin,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities Én accordance with diese requirements, We believe that the audit evidence we have obtained is
sufficient ￿ appropriate to provide a basis for our opinion.
Conclusions relatlllg to going concern
In auditing the financial statemaits, we bave coiicluded that the Trustees, use of Ihe going concern basis of
accoimting in the preparation of the fllwicial statthnents is appropriate.
Based on tlie work we have perforined we have not identified any inaterial uiicertainties relating to events or
conditions that, individually or collectively, may oast sigiiificant doiibt on tlie charitable company's ability to
coiitinue as a going concern for a period of at least twelve montlis ftorn when the financial statements are
authorised for issue.
Our respoiisibilities and the responsibilities of the Trustees with respect to going coiicern are described in the
relevtLnt sections of this report.
Other inforniation
Tlie other information comprises the information included in the Annual report other thanlbe financial sfatcments
and our Auditors, report tliereon. The Trustees are responsible for the other infotinatioii contained widiin the
Annual report. OLir opinion on tlie financial stateinents does not cover the other information and, except to tlie
extent otlierwise explicitly stated in our report, we do not express any fonn of assurance Goiiclusion tliereon. Our
responsibility is to read tlie other inforination and, iii doing so, coi)sider whether the other information is
materiaIly inconsistent with the financial statemeiits or our knowledge obtained in the cowse of tlie audit, or
otlierwise appears to be materially misstated.
12

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Other information (coiitinued)
If we identify such material inconsistencies or apparent material misstatements, we are required to determine
whether this gives rise to a material misstate]nent in the financial statemeiits themselves. If, baged on the work
we have performed, we conclude that there is a material inisstatement of tliis otlier infonnation, we are required
to report that fact.
We have nothing to report in this reg8Jd.
Opinions on other matters prescribed by the Companies Act 2006
tn oiir Opinio￿ based on the worlc undertaken in the course of the audit:
the inforjnation given in the T￿Stees, report for the financial year for which tlie fiiiancial stateinents are
prepared is conslstent with the f￿anCIal statemeiits.
the Trustees, report lias been prepared in accordance with applicable legal reqiiirements.
Matters on whlch we are requlred to report by exception
In the liglit of our Iciiowledge and understanding of the Ch￿itable coinpany and its ¢nviroT)rnent obtairjcd in the
course of the audit, we have not identified inaterial n]isstatements in tlie Trustees, report,
We have notliing to report in respect of tlie following matters in relation to whicli Coinpanies Act 2006 and the
Charities Accounts (Scotland) Regulations 2006 (as aLnended) require us to report to you if, in our opinion..
adequate accoiinting records have not beeii Icept, or returns adequate for our audit have not been received
from braiiclies not visited by us- or
the fitL4ncial statements are not in agree￿ellt with the accounting records and retunis. or
certain disclosures of Trustees, reinuneratioii specifi¢d by law are not Inade. or
we have not received all the infDrination and explanations we require for our audit. or
the Trustee8 were iiot entit]¢d to prepare tlie financial stateinents in accordance with the S￿￿[1 companies
regime and t￿￿e advantage of the small companies, exeinptions in preparing the Trustees, report and from
the requirement to Prepare a Strategic report.
Responsfibllities of Trustees
As explained niore fully in the Tiustees, resw)nsibilities stateineiit, t1￿ Trustees (who are also the directors of the
charitable company for the purposes of company law) are responsible for the preparntion of the financial
statements and for being satisfied that tliey give a true and fair view, and for siich internal control as the Trustees
detei'mine is iiecessary to enable tli¢ preparation of financial statemeiits that are free froin material misstalement,
wliether due to fraud or error.
In preparing the fiiiancial statements, the Trustees are responsible for assessing tlie charitable company's ability
to continue as a going concem, disclosing, as applicable, Inatters related to going concern and iising the gollig
concern basis of accounting unless Ihe Trustees either intend to liquidate the c1]￿ltable coinpany or to cease
operatioiis, or liav¢ no realistic alternative bLlt to do so,
13

CARE (CHRISTIAN ACTION RE4 SEARCH & EDUCATION)
Auditor's respollsibilities for the audit of the financlal statements
We Iiave been appointed as auditor linder section 44(1)(c) of the Charities and Trustee Investment (Scotlaiid)
Act 2005 and under th¢ Coinpauies Act 2006 and report in accordance with the Act and relevant regulations
made or having effect thereunder.
Our objectives are to obtain reasoiiable assurance about wlieth¢r the fjnaiicial stateinents as a wliole are free
from material misstatement, w11ether due to fraud or error, and to I￿U¢ an Auditors, report that includes our
opinion. Reasonable assurance is a Iiigh level of assurance, but is not a guJrantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered illaterial if, individually or in the aggregate, they could reasonably be
expected to influence the econoinic decisions of users taken on the basis of these financial statements.
Irregularities, including fraiid, are instanoes of non-coinpliance with laws and regulations. We design
procedures in line with oiir respoiisibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to wliich our procedures are capable of detecting irregularities,
including fraud is detailed below,.
Our approacli to identifying and assessing the risks of material rnisststement in respect of irregLilarities,
including fraud and non-coinpliance with laws and regulations, was as follows.
The engagement partner ensured that the engagement teain rollectively had the appropriate coinpetence,
capabilities and skills to identify or recognise non-compliance wilh applicable laws and regulations. As part of
the audit in accordance with ISAS (UIC) we exercised professional judgment and maintained professional
scepticism througliout the audit. We identified the laws and regulations applicable to the company through
discussions with directors and otlier m&nagemenL and from our coinmercial knowledge and experience of the
sector and we focused on specific laws ￿]d re￿lIationS which we consideTed may liavc a diTect materia] effect
on tlie fInancial statements or the operations of thc ooinpany, llicliiding d)¢ Companies Act 2006 and UK
Charities Act, tlie Ch￿.AtieS and Trustee Investment (Scotland) Act 2005, Charitie5 Accoiints (Scotland)
Regulations 2006, data profrction, employment and health and safety legislation.
We assessed the susceptibility of the ¢oiJ)pany's financial staten]ents to material misstateJnen( inoluding
obtiining an understanding of how f￿lld might occur, by inaking enquiries of M￿￿gernent as to wliere they
considered tliere was susceptibility to fraud, their knowledge of actiial, suspected and alleged fraud and
considering the internal conlrols in place to mitigate risl(s of fraiid and iion-compliance with laws and
regulations. We obtained an understandiiig of internal controls relevant to the audit in order to desi￿1 audit
procedures that were appropriate An the circumstances but Thot for the purpose of expressing an opinion of the
effectiveness of the Company's intema] Controls.
To address the rksk of fraud tlirougli inan&gemeiit bias and override of controls, we perfonned analytical
procedures to ideiitify any unusual or unexpected relationships. tested journal entries to identify unusual
transactions,. evaluated the appropriateness of accounting policies used, including mEmagements' use of tlie
going concei'n basis o'f accounting> and the reas01￿b1eness of Acrountiiig estimates and related disclosures made
by management. and investigated the ratioiiale behind significant or unusual transactions.
Tn response to the risk of irregiilaritie5 and non-compliance with laws and regulatioiis, we designed procedures
which included but were not limited to agreeing fin&icial statement disclcTrsures to underlying supportii
documentation; reading the minutes of i]]eetings of those charged witli governance. and enquiring of
]ll￿lagement as to actual ￿]d potential litigation and claiins.
Because of the inherent limitations of an audit, there is a rislc that we will not detect all irregularities, including
those leading to a mateiial misstateinent in the financial statements or non-compliance witli regLilation. This
risk increases the more that COLnpliance with a law or i'egul&tion is reiDoved from the events and tran5actioiis
reflected in tlie financial stateinents, as we will be less lilcely to become aware of instances of non-cojnpliance.
The risk is also greater regarding irregularÉties occuri'ing due to fi?iid rather tlian error, as fTaud involves
iiiteiitional conoealrnent, forgery, collusioN omission or misrepresentation.
14

CARE (CHRISTIAN ACTIOIY RESEARCH & EDUCATIOIY)
Auditor's responsibilities for the audit of the financial statements (colltfinued)
A furtlier description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.org.uldauditOTsresponsibilities. This description fornis part of our
Auditors, report.
Use of the audit report
This report is made solely to tlie chaTitable coinpany'5 Ineinbers, as a body? in acwrdance witli Chapter 3 of Part
16 of the Companies Act 2006, and to the cliaritable company's trustees, as a body, in accordance witli regulation
10 of tlie Charities Accounts (Scotland) Regulations 2006. Our audit worlc ha5 be¢n undertaken so that we might
state to tlie charitable coinpany's members and Trustees those matters we are required to state to them in an
Auditors, report and for no other purpose. To the fullest extent permitted by law, we do iiot accept or assutne
responsibility to anyone other than the charitable cojnpany and its members, as a body, for oiir audit worK for
tl]is repor¢ or for the opinions we have fonned.
Signed:
Michael Fitch (Senlor ststutory auditor)
for and on behalf of
UHY Hacker Young Fitch Limited
Statutory Auditors & Chartered Accountants
Suite 2.06, Custoin House
Custoin House Square
Belfast
BTI 3ET
Date,.
UHY Hacker Young Fitch Ltd are eligible to act as auditors in terms of section 1212 of the Companies
Act 2006.
15

CARE (CHRISTIAN ACTION REI SEARCH & EDUCATION)
Statement of Financlal ActiviÉfies for the year ended 31 March 2024
(including the Income and Expenditure Account)
Unrestricted Restricted
funds
funds
Total
2024
Total
2023
Note5
IIYCOME FROM:
Donations and legacies
2,111,419
650 2,112,069 2,208,034
Charltsble activities
Engaging Public Policy Makers
24
Investments
B￿]k interest received
Dividend incoine
2,986
11,409
2,986
11,409
1,286
12,208
Total income
2.125,814
650 2,126,464 2,221,552
EXPENDITUllE ON:
Raising ￿lld8
257,336
257,336 212,259
Charltable activittes
Educating churcli and public opinion
Engaging public policy inakers
Fmpowering young leaders
769,839
1,001,458
218,704
769,839 741,503
1,001,458 886,865
15,228 233,932 228,662
Total expenditure
2,247,337
15,228 2,262,565 2,069,289
Net (expenditure)/income
before revaluations
(121,523) (14,578) (136,101) 152,263
Gainl(Loss) on revaluation
of investinents
23,136
23,136
(37,517)
Net inoven]ent in funds
(98,387) (14,578) (112,965) 114,746
Total funds brought'forward
15,16,17
4,543,510
58,397 4,601,907 4,487,161
Tothl fund5 carried forward
15,16,17
4,445,123
43,819 4,488,942 4,601,907
There are no recognised gains or losses in either the current or previous year other than those included in the
Statemeiit of Financial Activities. All activities relate to continuing operations.
16

CARE (CHRISTLIN ACTION SEARCH & EDUCATION)
Balance sheet Ydt 31 March 2024
2024
2023
Notes
Flxed assets
Tangible assets
Investments
2,910,209
551,167
2,926,772
520,164
10
3,461,376
3,446,936
Current asset8
Stocks
Debto
Cash at b8DI( and in Iwid
11
12
1,500
64,036
1,113,705
1,500
57,464
1,275,622
1,179,241
1,334,586
Credito￿. Amounts falling due
within one year
(151,675)
(179,615)
Net current assets
1,027,566
1,154,971
4,488,942
4,601,907
Net assets
4,488,942
4,601,907
Represented by:
Unrestricted funds
Restrict¢d thnds
15
17
4,445,123
43,819
4,543,510
58,397
4,488,942
4,601,907
These financial statements have been prepared in accordance with the provisions applicable to companies
subject lo the Sn￿11 companies, regiLlIe.
Approved by the Trustees on 26 September 2024 and signed on their behalf by:
Mr John J8Jnes
'Brien, Chair of Trustees
Cornpany Number: 3481417
17

CARE (CHRISTIAN ACTION RESEARCH & EDUCATIOIY)
Statement of Cash Flojvs for the Year Ended 31 March 2024
2024
2023
Cash flow5 from operating activities
Net incomd{expenditure) for the financial year
(112,965)
114,746
Adjustments for:
Depreciation of tangible assets
Interest received
27,291
(2,986)
(11,409)
(23,136)
(6,572)
(27,940)
28,714
(1,286)
(12,208)
37,517
12,821
62,847
Dividends received
(Gains)Ilosses on investments
(Increase)Idecrease iii trade and otlier debtors
(Decrease)lincrease in trdde and other creditors
Cash from operatiohs
(157,717)
243.151
Cash flows from investRng a¢tAvities
Pwchase of t￿IgIble assets
PUrch￿e of invesbnents
(10,728)
(123,536)
125,861
2,986
11,409
(11,303)
(86,835)
68,736
1,286
12,208
Proceeds from sale of investtnents
Inter¢st received
Dividends received
Net eash from investing activities
5,992
(15,908)
Net (decrease}/Ancrease in cash and cash equivalents
(151,725)
227,243
Cash ￿ld cash equivalents at st8Jt of year
1,278,876
1,051,633
Cash and cash equivalents at the end of the year
I,E27,15l
1,278,876
'Cash 8J]d cash equivalents, consist of "Cash at bank and in hand" £1,113,705 (2023: £1,275,622) and "Cash
held as part of the investsnent portfolio" £13,446 (2023: £3,254).
18

CARE (CHRISTIAN ACTIOIY RESEARCH & EDUCATION)
Notes to the financial statements for the year ended 31 March 2024
Company information
CARE is & company limited by guarantee and registered in England and Wales, registration n￿llber
348 1417, and a cliaTlty registered in England and Wales number 1066963 and registered in Scotland
number SC03891 l. The registered office is 53 Rornney Street Westtninster, London SWIP 3RF.
Basis of preparation of financial statement5
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities,. Statement of R¢commend¢d Practioe applicable to cliarities PTeparing their accounts iii
accordance with the Financial Reporti11g Standard applicable in the UK aiid Republic of Ireland
(FRS102) (effective January 2019)- (Charities SORP (FRSI 02)), and the Companies Act 2006.
CARE meets the definition of a public b¢Jiefit entity linder FRS102. Assets and liabilities are initially
recognised at historical cost or tr￿]saCtIon value uiiless otlierwise ststed in the relev￿lt accounting
policy note.
Tlie Trustees have agreed detailed budgets for the year ended 31 March 2025 and reviewed casliflow
forecasts to 30 SeptembeT 2025. Both sources of income and types of expenditure have beeii reviewed
and tlie TTUSt¢es have also considered tlie charity:s working capital aiid capital expenditure
requirements. As a result of the loregoing tlie Tnjstees are satisfied that it is appropriate to prepare the
accounts on 8 going concem basis.
Ffixed assets and depreciation
Tlie threshold for capitalisation of assets is set al £1,000 per item. Depreciation is provided by the
charity to MTit¢ off th¢ cost of tangible fixed assets by equal instal]nents over their estimated useful
econoinic lives as follows.,
Freehold bukldings
Office equipment
Motor veliicles
Coiyjputer eqiiipmeiit
- 50 years
- 7 years
- 4 years
4 years
Provision is made for depreciation on the freehold ExDperty but not the related land. The freehold
building was independeiitly Tevalued in December 2012 and the market value was deemed to be
£3,095,000. Tl]e Trustees consider diat £890,000 of tl)is revaluation relates to the cost of the building
and dierefore tIIx5 amount has beeii depreciated accordingly.
Leases
Rentals p&yable under operating leases are charged on a straiglit-line basis over tlie terLn of the lease,
Pension c05t5
The charity does not operate its own scheme. Contributioi]s are inade to a group personal pension
scheine. The amount charged to the Statement of FIn￿]C&&I Activities represents the contributions
payable to such scheines in respect of the accounting period and amounted to £103,717
(2022: £96,984).
Stocl
Stocks are stated al the Eower of cost and net i'ealisable value.
19

CAREI (CIIRISTIAN ACTION RESEARCH & EDUCATION)
Notes to the finalleial statements for the year ended 31 March 2024
Income
All income is included in the Statement of Fin￿1claI Activities when the cliarity is legally entitled to
the incon]e and the amount can be quantified with reasonable accuracy. Legacies are recognised as
income when it can re￿Oi￿bIY be assumed that the charity is entitled to the legacy and the amount can
be estimated witli sufficient reliability.
Expenditure
All expenditure is included on an accruals basis &id is recognised when there is a legal or coitstructive
obligation to pay for expenditure.
Expenditure has been classified under headings that aggregate all costs related to that activity. Where
osts cannot be dirwtly attributed to particulai. activities, they have been ￿located to activities on a
basis Gonsistent with the use of resources, Central overhead wsts are allocated to charitable activities
and costs of raising fLmds on die b8sis of their uge of central suppoit services.
Costs of raising funds are those incurred in seekiiig voluntary Contributions and do not include the costs
of disseininatiiig iiiformation in support of charitable activÈties.
Governance cogcs are tile costs associated with the governance atrang¢ments of the Charity, as opposed
to the direct inanagement functions inherent iii raising funds or charitable activity. Included within thi5
category are costs associated with the strategic, as opposed to day-to-day, Inanagement of tlie Charity's
activities.
Support costs represent the staffing and associated costs of finance, personnel and geiietE]
athninistratioii and are allocated across the categories of charitable activities, governance costs and the
costs of raising funds. The basis of the cost allocation has been explained in note 7 to the fin&nci&l
statements.
Cert￿n expenditure is directly atribiitabl¢ to specific activities and these have been included in the cost
of these activities. Certain other costs, wliich are attributable to more tlian one athivity, arc apportioned
across activities on tEie b￿lS of an estkinate of the proportion of time speiit by staff on those activities.
Wher¢ informELtion about tlie aijns, objectives and projects of tlie cbatity is provided in the content of
fundraising inaterial in an educatioiial manner, these costs are apportioned to charitable activities.
Irrecoverable VAT is charged as a cost in the Statement of Financial Activities, ￿ld apportioned across
activities, Irr¢wverable VAT in respLYt of the accouiiting period amounted to £61,084 (2023: £63,516).
Investmellt5
Investments are stated in the balance slieet at their rnarket value as at tlie balance sheet date. All
Inoveinents in value arising frojn investment changes or revaluation are shown in die Statement of
Fin￿1¢1&1 Activities.
Realised gains or losses on investtnents are calculated as the difference between the disposal proceeds
and Inarket value at the beginning of the year. Unrealised gaiiu or losses are derived fTom the
Inoveinent in market values dw'ing the ye￿.
20

CARE (CHRISTIAN ACTION RESEIARCH & EDUCATION)
Notes to the financial statements for the year ended 31 March 2024
Fund accounting
Funds held by the charity are either,.
Unrestricted general funds- these are funds which can be used, in accordance with the objects
of the charity, at the discretion of the Trustees,
Urjrestricted designated funds- these are fvnds set aside by the Trustees out of unrestricted
geiieral funds for a specific future purpose or projects,
Restricted funds - these are funds that can only be used for particular resiricted pwloses
withiii the objects of the charity. Restrictioiis arise when specified by the donor or wlien funds
are raised for particular restricted purposes.
Further explanation of the nature and puryose of each fuiid is included in the notes to the financial
statements.
1.10 Non-deriv&tive financial instruments
Non-derivative financial instruments coinprise trade and otlier debtors, cash and cash equivalents and
trade aiid other creditor5.
1.11 Debtors and creditors receivablelpayable within one year
Debtors and creditors witli no stated interest rate and receivable or payable witliin one year are
recorded at tr￿￿actiOn price. Aiiy losses arising frotn impaimient are recO￿lised in the statement of
financial activities.
1.12 Cash and cash equivalents
C￿h and cash equivalents in the balance sheet compiise cash at bank and in h￿Id. FOT die purpose of
the stateinent of C￿hfl0ws, cash and cash eqvivaIents are net of bank overdrafts which are payable on
dcrnaiid.

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Notes to the financial statements for the year ended 31 March 2024
Net movement in funds
The net movement in funds for year is stated after
charging:
Totsl
2024
Total
2023
Auditors, remuneration
Depreciation
Staff Peiision CosLs
Lease Payments
6,500
27,291
103,717
21,403
13,000
28,714
96,984
23,513
All income was received froin activities within the United Kingdom,
Donatlons and legacles
Unrestricted
funds
Restricted
funds
Total
2024
Total
2023
Regular donations
Legacies
Odier donations
989,766
146,305
975,348
989,766
146,305
975,998
987,893
303,568
916,573
650
2,111,419
650
2,112,069
2,208,034
RegLilar donatioiis are those received by Direct Debit, bank 5taiiding order tmd otlier regular giving
eclianisms. Legacies were all received in tlie year.
Total donations in 2022-23 were £2,208,034 split £987,893 unrestiicted "Regular Donations"
£303,568 unrestricted "Legacies" £911,573 unrestiicted "Other Donations" aiid £5,000 restricted
"Other Donations"
Tax recoverable in respect of donations amounted to £242,795 (2023: £214,064) and this has been
included in tlie relevant categories of income.
Income from charitable activities
Sales of
edueational
aterial
Unrestricted
Total
Total
2024
2023
Engaging public policy malcers
24
22

CARE (CHRISTIAN ACTION RESEARCH & EDUCAIION)
Notes to the financlal statements for the year ended 31 March 2024
Ratsing funds
Unrestricted
Total
Total
2024
2023
Regular donations
Legacies
Other donations
122,954 104,592
7,578
6,141
122,084 93,973
252,616 204,706
4,72
7,553
Investment management cost5
257,336 212,259
Included in the above are support costs of £61,026 (2023,. £51,859).
, Charitable aetivlties
Total
direct
costs
Staff
costs
Other
costs
Support
costs
Total
2024
Total
2023
Educating church
and public opinion
Engaging publi
policy makers
Empowering young leaders
305,208
234,027
539,235
230,604
769,839 741,503
507,843
71,108
141,596 649,439
99,997
171,105
352,019
62,827
1,001,458 886,865
233,932 228,662
Totd 2024
884,159
475,620 1,359,779
645,450 2,005,229
Total 2023
795,116
531,971 1,327,087
529,943
1,857,030
Support costs
Management Information
Humall
& Finance Technology Resources
Total
2024
Governance
Facilities
Educatiiig cliurcli
and public opinion
Engaging public
policy malcers
20,789
Empowering young leaders 4,776
16,653
91,015
26,055
16,129
80,752 230,604
113,622
26,105
32,524
7,473
24,197
4,033
160,887 352,019
20,440 62,827
42,218
6,189
230,742
33,830
66,052
9,684
44,359
6,049
262,079 645,450
5,274
61,026
Raising fwids
48,407
264,572
75,736
50,408
267,353 706,476
Management & governance, finance, information technology and facilities costs are allocated onthe
basis of expenditure, whilst Iiurnan resources costs are allocated on the basis of liead count.
23

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Notes to the financial statements for the year ended 31 March 2024
Staff numbers and costs
2024
Nun)ber
2023
Number
The average number of staff employed during
The year was 27 (2023: 25).
The average number of full time equivalent staff
employed by the charity diuing the year, analysed
by rategoryy Ancluding support staff was as follows:
Engaging public policy makers
Educating Church and public opinion
Empoweriiig young leaders
12
23
22
Costs of raising voliintary iiicome
26
24
Staff nujnbers iJ]¢lude support staff allocated to the various activities.
The aggregate payroll costs weTe'.
Wages and salaries
Social security costs
Pension costs
Redundancy
1,008,285
104,596
103,717
5,000
928,691
93,945
96,984
1,221,598
K,119,620
2024
Number
2023
Number
£70,OOE - £80,000
£80,001- £90,000
Pension coiitributions of £8,616 were made in 2023-24 on behalf of this employee.
No Trustee received any remuiieration in tlieir role as Trustee during the year (2023.. none). Note 21
gives details of amounts paid to Trustees for otlier services provided during the year.
No Trustee received reiinbursed expenses in the financial yeaT (2023,. none).
The total employment beiiefits, including einployer pension contribiitioi]s. of tlie key management
personnel of the Ch￿ltY were £142,416 (2023: £143,614).
24

CARE (CHRISTIAN ACTION RESEARCH & EDUCATIOIY)
Notes to the financial statements for the year ended 31 March 2024
Flxed a55ets
Freehold
property
Office
equipment
Computer
equipment
Total
Cost
At l April 2023
Additions
3,095,000
69,628
70.693
10,728
3,235,321
10.728
At 31 March 2024
3,095,000
69,628
81,421
3,246,049
Depreciation
At l April 2023
Charge for tlie year
182,450
17,800
69,628
56,471
9,491
3Q8,549
27,291
At 31 fvtarch 2024
200,250
69,628
65,962
335,840
Net book values
At 31 March 2024
2,894,750
15,459
2,910,209
At 31 March 2023
2,912,550
14,222
2,926,772
The freehold building wa8 re-valued at £3,095,000 011 the basis of four independent local agents,
estin￿ted valuations received iii Deceinber 2012, Tlie TTUStees reviewed the valuation at 31 March
2016 by comparisoii to local property prices and consider tliat the valuation in tlie financia] statements
remains appropriate. On the transition to the Charities SORP (FRS102), tlie Trustees decided to ireat
this value as the deeirjed cost of the property.
There is an equity illortgagc sccured agaiiist the property which is disclosed within creditors in note 13.
25

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Notes to the financial statements for the year ended 31 Marcb 2024
10
Fixed Asset Investments
2024
2023
Marlcet Value
Listed investtnents:
Opening market value
Additions
Disposals proceeds
Portfolio revaluation
516,910
123,536
(125,861)
23,136
536,328
86,835
(68,736)
(37,517)
537,721
13,446
516,910
3,254
Cash held as part of portfolio
Closing Jnarket value
551,167
520,164
All investments are held primarily to provide an i11vestment retum for the charity.
11
stock5
2024
2023
Books and DVDS
1,500
1,500
12
Debtors
2024
2023
Due within one year:
Gift Aid Recoverable
Prepayments and accrued incoine
Other debtors
19,335
32,903
11,798
64,036
31,556
20,566
5,342
57,464
26

CARE (CIIIUSTIAN ACTION RESEARCH & EDUCATION)
Notes to the finan¢lal statements for the year ended 31 March 2024
13
Credltors: Anjounts falling due Ivithin one year
2024
2023
Equity Mortgages
Trade creditors
Social security costs
Pension contributions payable
Other Cr￿ltOrS
Accruals and deferred incoine
35,336
66,046
26,224
432
10,745
35,336
70,913
26,555
8,141
6,300
151,675
179,615
14
Leasing commitments
The Ch￿lty,$ future minimuin operating lease payments are as follows..
2024
2023
Within one year
Between one and five:years
7,544
7,511
8,542
16,053
27

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Iyotes to the financial statements for the year ended 31 March 2024
15
Unreslricted funds
General
fund
Designated
fund
Totsl
Balance at l April 2023
4,388,400
155,IEO
4.543,510
Net incomal(expenditure) iii the year
Transfers between funds
Gain on revaluation of investn]ents
(5,234)
(i 0,000)
23,136
(116,389)
10,000
(121,523)
23,136
Balance at 31 March 2024
4,396,402
48,721
4,444,123
16
Designated funds
Balance at
l April 2023
Balance at
Transfers 31 March 2024
Income Expenditure
Rornney Street
Web51te
401II Anniversary
Scottish IFC Support
and I)evelopment
103,795
29,600
21,715
50,000
(138,650)
(11,541)
(18,166)
10,000
25,145
18,059
3,549
10,000
(8,032)
1,968
155,110
60,000
(176,389)
10,000
48,721
The Romney Street fund is to provide for fUt[￿e upkc¢p alld development of the building.
Tlie Website fund is to refresl) and rebuild CARE'S websiie consi5tenl witli the new organisational
Strategic vision.
The 40th Anniversary fund is for a series of events aiid activities tliat assist supporter5 engage with
CARE'S 40th anniver5aTy.
The Scottish IFC Support and Development Fuiid is to cover tlie travel and accommodation costs of
IFC graduates based in Scotland with placements in the Scottish Parliament.
28

CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Notes to the financial statements for the year ended 31 March 2024
17
Restricted funds
Balance at
l April 2023
Balance at
Transfeys 31 March 2024
Income Expenditure
IFC Development Fund
quipineiit Fund
Graduate BursaTies Fund
53,397
5,000
(14,878)
38,519
5,000
300
650
(350)
58,397
650
(15,228)
43,819
The IFC Development fund is to cover the cogts of ongoing work witli the Alumni.
Tlie Equipinent Fund is to be used for the purchase of new equipment tliat will furtlier CARE'S inission
and charitable objects.
Tlie Graduate Bursaries Fund 18 a fund to support the costs relating to IFC graduates.
18
Analysis, of net assets.beliveen funds
Total
Funds
2024
Total
Funds
2023
General Designated Restricted
funds
funds
fllnds
Tangible fixed t￿setS
Investinents
Cash at bank and in Iwid
Other net Gurrent Oiabilities)
2,910,209
551,167
1,021,165
(86,139)
2,910,209
2,926,772
551,167
520,164
43,819 1,113,705
1,275,622
(86,139) (120,651)
48,721
4,396,402
48,721
43,819 4,488,942
4,601.,907
29

CARK (CHRISTIAN ACTION RESEARCH & EDUCATION)
Notes to the financial 5tatsments for the ye￿r ended 31 March 2023
19 Company limited by guarantee
The company is limited by guarantee and so has iio shaTe capital. The members of the charitabl¢
cornpany l]ave agreed to contribute up to £10 eacli in tlie event of the dissolution of the oompany.
20 Controlling parties
The controlling party of the charity is the Board of Trustees.
21 RelF4ted pArtie5
The clwity is connected with the following organis&tions',-
CARE Campaigns is connected to CARE as all of the Trustees of CARE are directors of CARE
Campaigns, which was dormant during the year.
Jersey Road Ltd is a specialist PR and Inedia consultajicy coinpany. CARE Tiustee Garetli Russell is a
director of the coinpany and provides specialist consultancy services to CARE in this arei for a very
Teasonable fee, compared to n]arket value. The total amount paid to Jersey Road Ltd duriiig the financial
year w&s £nil (2023.. £18,756).'CARE owed Jersey Road Ltd £nil at the year.end (2023: £nil).
Charlie Hoare is a Trustee of the charity and he provides advice on public policy matters at a fee below
the inarket rate. The total ￿￿Ount paid to Charlie H02re during the financial year was £4,725 (2023:
£7,740). CARE owed Charlie Hoare £nil at the year-end (2023: £nil).
30

CARE (CHRISTIAN ACTION RESEARCH & EDUCATIOIY)
otes to the financial statements for the year ended 31 March 2024
22
Statement of Financial Activltles for the year ended 31 March 2023
(including the Income and Expenditure Account)
Unrestricted Restricted
funds
funds
Total
2023
INCOME FROM:
Donations and legacies
2,205,034
5,000 2,208,034
Charitable aetxvities
Influencing Public Policy
Developing Young Leaders
24
24
Investments
13,494
13,494
Total income
2,216,552
5,000 2,221,552
EXPENDITURE ON:
Raislng funds
212,259
212,259
Charitable activities
Educating public opinion
Influencing public policy
Developing young leaders
738,374
877,478
228,662
3,129 741,503
9,387 886,865
228,662
TotAI expenditure
2,056,773
12,516 2,069,289
Net (expenditure)lincon)e
before revaluations
159,779
(7,516) 152,263
Gain on revaluation of investments
(37,517)
(37,517)
Net movement in funds
122,262
(7,516) 114,746
Tc)tal funds brought forward
4,421,248
65,913 4,487,161
Total funds carried fonvard
4,543,510
58,397 4,601,907
There are iio i'ecognised gains or losses in eitlier the ¢urreiit or previous year other thali those included in the
Statement of Financial Activities. All activities rclate to continuing operations.