Charfty reglstratlon number 1101899 (England and Wal06) Company reglstration number 04984516 CFI CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CFI CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tn￿te•S D Llnnell {Chalmian) D Usumlvan J Hollxook A Berklnshaw-smlth A Sodada5i E Mackenzlo (Appolnted 19 August 2024) (Appointed 20 Febwary 2025) Chlol •xocutlve J Iilnce S•cretsry J C8ladln• Charlty numb•r (England and Wale8) 1101899 Comyny numb•r 04984516 Ro9lstor•d offl¢• Chantry House 22 Upperton Road Easlboume East Su$8ex BN211BF Indapendent examlner David Guest FCA UHY Hackgr Young (S.E.) Llmlted 168 Church Road Hova East Su9￿x BN3 2DL Bankern Uoyds Bank 104 Tennlnu8 Road Easlboume East Susux BN213AH CAF Bank 25 Klngs Hlll Avenue lfjngs Hill West Malllng Kent ME19 4JQ CFI CHARITABLE TRUST CONTEKrs Page Tm8tees' raport statement of Trustees, rnsponslbSlltleg Independent exaffllnaf8 report Statsment of flnanclal act1￿11•5 8taternent olfinanclal po8ldon statement of ca8h Illy￿3 Notes to Iho fjnancjal tstemeThts 10-21 CFI CHARITABLE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present thelT annual report and financlal 5tstements for the year ended 31 December 2024. The finandal statements have been prepared in accordance wlth the accountlng pollcles set out in note 1 to the finanual staternents and comply wllh the Charity's Memorandum and Artlcles ofAssoclation. the Companies Act 2006 and 'Accounling and Reportlng by Charitie5: Stslement of Recomrnended Practl¢e appllcable lo charities prepartng their accounts In accordance wllh the Flnanclal Reportlng Standard applicable in the UK and Republlc of Ireland (FRS 1021 (effective 1 January 20191" ObJecllve8 and actlvltlos The aims of the Charity a￿ lo serve the church, particularly wlth teaching material, and to bless Israel. Although special emphasis is placed on the malodty ethnic group of Jewish people in Israel, 8 speclfic aim Is also that of servlng as a reconcS1ing Inlluence be￿een Jews and Arabs and other minority groups. A major emphasls of Chrlslian Frlends of Israel Is educational, that Is. Ihé provlsion of accurate and upto4ate infomiation on Israel and the SUTrounding re9ion. educallDn on lh6 Hebraic herltage of Christianity, and the need for posltive Jewlsh-chrlsllan relBtionships. This is carried out by regular news letters and other Pflnted materfal, audlo CDS and vldeo DVD$, lectures, Ihe org8nl$otion of educational conferfrnces and promollng tourism to Israel Bt a study level. By providlng a Chrfstian per8peclive on current events. the Trust endeavours to enable Chdsll8n8 to pray for Israel and her people inlelligenlly. Achievoment8 and porfornianc• Th• •duc•tlon of the publlc concemlng the county of Israel and Its citlz•ns Thls year we attended a wlde range of Christian fesllvals wllh our CFI UK resources slall. W& sour¢ed new meterfo18nd added this to OUT resources materlal lo a5SiSt in communicating with the wlder church audience accordlng to our Ihreefold object of encouraging understanding, challenglng prejudice, and assisting cross- Cullurally. We were abl? to advertise a range of online briefiAg$ and in the Coming year Bre plannlng some in- person seminars and hopefully will resume wllh a parllarnenlary b￿effing and lobby day. Th• rellef of t￿ poor, ￿Ck. handleapp•d, aged or othérwls• needy p•ople who •lther Ilve In lsra•l or orn seeking to emlgrate to that county We contlnued to highlight several causes In line with Ihl8 objecllve, using Interactlve onllne se$$lons, and ¢omplllng articles. The increase in our Te51rided fund gNing conllnued throughout the year. Alongslde our regular restrlcted funds golng to Ihose In need In Israel the Tru51ees allo¢aled funds foeuslng Dn medical and 8OCtal need5. The advancement of education amongst Christlans, Jews and the general public of what the Blble has to say about the hlstory of the J•ws In the land of Isrnel through to ¢urrent limes and God s plans for them Our annual teaching Conference was well attended wllh additional lake-up of video and audio recordings. The maln speaker focussed on hebraic Blble teachlng and recent archaeology and was supplemented by a staff member of the chaTIty. We continued our Involvemenl of plannlng and participation in 8 range of regional Holocau8t memorial events. Includlng schools, libraries, church and synagogue presenters, plus local and national poiiilcal represenlalives. Events featured holocaust survIvo￿ and their descendants, testÈmony. music, and poety. We researched various educational re50urces, advertlsing in our quarterty magazine and 81 events. CFI CHARITABLE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The a0￿ancernent of tho Christian lalth wlth particul•rr•ference to Its teaching about the Jewlsh pwle We gave many presenlations advancing the Chrlstlan faith and its teaching about the Jewish peopl& a5 drawn from the Blble at churth or conference settings. wllh good responses. We make available to new and existlng readers our quarterly magazlne which includes artlcles and regular features of18f881-related blbli¢al exposillon, hebraic teaching, Hebrew word studies and humanltarlan thariti88 relevant to our objects. Such causes are promoted by regional and lo￿1 links along8lde dlgital rnedlo. En¢ouragement and I￿On￿Od prayer ftlr Israel and its people We distribute a monthly prayer letter wrltten In Israel, which we edlt and add a UK p8r8pectlve. There are weekty and fortnightly emall INlefings wllh news and prayer items. Our prayer encouragement Coryordinator speaks regularty al regional prayer-themed conferences. Our online prayer netwo￿ focuslng on Israel and It5 peopl8 conlinues well. Our annu81 resldentlal prayer conference was well attended. Flnancljl revlow Incom8 received from regular glvlng was higher than anllclpated by our budget amongst those glvlng wlth gift aid. The churches and trusts glvlng was dose to budget. Income re￿Ived from legacies exceeded ihat allowed for In our budget. Regular outgolngs were mainlalned under control, vAth costs contlnuing to climb year in year. Planned bulldlng WOTks look place over the year. Maillng costs were again above budget. The investment propety given as a legacy provided steady Income durlng the year and past arrears. A salary increase has been agreed for the comlng year, In Ilne Y￿th the infi8tion rate. W8 hav8 sought to allow for other anticlpaled increases In c08t of malerlals and servlces in Ihe comlng year. There was a surplus for the year on unrestricted lund5 of £70,338 (2023: defl¢it of £1,916). Publlc benefit The Trustees consldar that the odlvltles detailed above fulfil all the requiremenls of th¢ Charlty Comrnis8i0ns publlc benefit disclosure and comply wlth the Charity's objects Regerv•g pollcy The Trustee5 consider it prudent to continue to set a51de reseNes of £200,000. repre5entlng approxlrnatety slx month's budgeted operallng expendlture on Iha general fund. Our policy remalns lo dislrlbute restricted fund$ In a Ilmely yet C05t-efficient manner, usually on a quartety cycle. We conilnue to keep Dur finanrJ81 re80urces and obligallons under ￿VIeW. mindful of our Chrlstlan. charitable and flnancial obligations to be good Slewards. strUc￿re, governanco and management The Charlty Is a company Ilmiled by guarantee established by Memorandum and Artlcies of Associallon dated 3 December 2003. regiBtTation nurnber is 04984515. The Charity is also registered with the Charity Commlssion in England and Wales, registration number 1101899. Further inforniation such a5 th8 buslness and reglstered oifice addresses, End details of professional advi50r5 can be found on the information page. CFI CHARITABLE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees, who are al60 the dlrectors for the purpose of company law. and who served durlng th8 y@arv￿re. D Llnnell (Chairman) D O'sulllvan J Holbrook A Betkinshaw-smlth A Sodadasl E Mack6nzl8 (Appolnted 19 Augusl 20241 (Appolntsd 20 February 20251 The Trustees 56ek to appolnt addltional Trustees whenever necessary followlng recommendallons from existing Trustees or the chief ex8cullve. A potential Trustee would be invlted lo attend Truslees. meetings as an obseNer for a few ffleetlngs, before any deGislon Is taken concerning thelr ongoing Involv8ment as a Trust8e. Potential Trustees are provlded wlth all thè ￿leVant guld&8 from the Charity Comm1s81on bofore any appolnlmenL None of the Trustees have any benefiaal Interest In the company. All of the Tru8tees are members of the company and guarantee to contribute £1 In the event of a wlnding up. The day-to-day WOTk of the Tru5118 overseen by Ihe chlef execullve and support 51aff who are 8ccountsble to the Board of Tru8t8e8. The Trustees meet regularly and are responslble for the overall dlrecllon of Ihe Charlly, and for maloT flnanclal declslons. The chief execullve16 assisted In hls work by Ihe senlor stsff. The Charity 5$ In fellowshlp wllh olher branches of Chrlsllan Frfonds of Israel throughoul the worfd and particularly wllh the co-ordlnallng office In Jerusalem, Israel. The CFI Charllable Trust18 howevor Independent of the other br8nGhes ond the ¢o-ordlnatSng office in its finan￿S, governance and management. Rlsk Managernent The Tru8tee8 have assessed the major risks lo whiGh the Charty is exposed, In particular those relale(I lo the operatlong and finances of the Charlty, and gre satlslled that the systems and pollcles in place 8re adequate to mltlgale the Charity's exposure to the major rlBk8. The Tru8tees' report was approved ty the Board of Trust8e3. D Llnn•ll (Chalnnan) Trustee Dated". 19 May 2025 CFI CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The TTU6tees, who are also the directors of CFI Charltable Trust for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statemen18 in accordance with applicable law and Unlted Kingdo Accountlng Standard$ (Unfted Kingdom Generally Accepted Accounling Practice). Company law requires the Tlustees lo prepare tlnancial statements for each financial year whlch glve a true and fair vlew of the state of affalrs of the Charlty and of the Incoming resources and applicatlon of resources, induding the income and expendrture, of the charltable company for that year. In prepaTlng these flnanclal slatements. the Trustees Bre ￿ quired to: Select suitable accounting pollcles and then apply them consislenlty.. - observe the methods and prfnciple8 In the Charlties SORP., mako judgements and estimate5 Ihat are reasonable and pNden(' slate whether applicable UK Accounllng Standards have been followed, 8ubject to any materlal departure$ d15cIo8ed and explalned In Ihe financlal ytatements,. and prepare the flnandal stalemenls on the going concem b8slJ unless It Is Inapproprlate to wesume that the Charity wlll continue in operats'on. The Tru8leeB are r88ponsible for keeplng adequate accountlng records that dlsclo88 With reasonable ac¢uraw at ary Ilme the financlal posillon of the Charity and enable Ihem lo ensure that the financi31 statements comply wilh the Companies Act 2006. They are also responslble for safeguardlng the as9ets of the Charity and hence for taking reasonable st8ps for the Preventlon and detection of fraud and other IrTrgularfll8S. CFI CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CFI CHARITABLE TRUST I report to the Trustees on my examinatlon of the finandal statements of CFI Charitable frust (the Charity) for the year ended 31 December 2024. ReBpon8lbllltles and basis of report As the Trustees of the Charity Limited 188 Church Road Hove East Sus¥ex BN3 2DL 27 May 2025 CFI CHARITABLE TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlctsd Ro•trlcted fund• funds 2024 2024 Totsl Unrnstrlcted Re8trlcted funds funds 2023 2023 Total 2024 2023 Income frorn: Donalons and legaclgi Charitabte actfvltieB In¥e¥tmenl8 407,306 37.047 54,295 202,003 8,258 609.309 45.305 54,295 345,458 36,217 4,016 146,141 9,469 491,597 45,686 4,015 Totsl Incom• 498,848 210,261 708,909 385,688 155,810 541,298 ExpendI￿re on: ChBrftable activitles 428,366 207,598 635.963 387.664 151,249 538,913 Totsl èxpendlture 428.365 207.598 635,963 387,864 151,249 538.913 Net gain81(1055es) on inve8tment8 55 60 eo N•t Income and mov•ment In lund• 70,338 2,663 n,001 (1,916) 4,361 2,445 Raconclllatlon of fund•: Fund balances at 1 January 2024 838,291 4,361 842,652 840,207 840,207 Fund balanceg at 31 D¢cember 2024 908,629 7,024 915,653 838,291 4,361 842,652 The statement of financial activities Includes all galns and losses recognlsed In the year. All Income and expendllure derlve from conJnuing activilles. CFI CHARITABLE TRUST STATEMENT OF FINANCIAL POSITION AS AT31 DECEMBER 2024 2024 2023 Notes Flxed assots Property, plant and equipment Investment propertle8 Investments 12 13 14 109,080 200.000 130,358 110,897 200,000 130,440 439,438 441,337 Current •••ets Invantorfes Trade and other receivables Cash at bank and in hand 4.687 32,811 451.586 4,703 33.683 383.419 16 489,084 421,805 Current Ilablllti other pay8bles 17 12,869 20,490 Net current 888ets 478,215 401,315 Totsl a•••l• less current Ilabllltlos 915,853 842,652 Income lund• R85tr1cted fund8 Unrestrlcted fund Designated funds.. Reserve lund Management fund Development fund Buildlng and ¥ecurlty fund 7.024 4,381 200,000 100,000 100,000 15,754 200.000 100,000 100.000 19,170 20 415,754 492,875 419,170 419,121 General unregtri¢tsd funds 906.629 838,291 915,653 842,652 CFI CHARITABLE TRUST STATEMENT OF FINANCIAL POSITION (CONTINUED) ASAT 31 DECEMBER 2024 The cornp8ny Is enllled to the exemption from the audlt requirement contsined In sectlon 477 af the Companies Act 2006. forthe year 8nded 31 December 2024. Th8 (IlreGtors acknowledge thelr responsiblllties for Gomptying byfth the requirements of the Companles Act 2006 wlth respect to accountlng records and the prepar8tlon of finandal statements. The member5 have not requlred the company to oblaln 8n audit of its Ilnancl81 ststement8 for the year in queslon In accordance wlth sectlon 476. These finandal statements have been prepared In acGordance wlth the provlslons 8ppll¢able to comp8nie8 8ublect to the small Gompanies reglme. The flnancl 18t8temersts war6 approved by the Trustees on 19 May 2025 D Llnnell {Ch8lrman) Trustee J Holbrook Tru8tee Comp•ny Reglstratlon No. 04984515 CFI CHARITABLE TRUST STATEMENT OF CASH FLOW8 FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes C88h flowA from oporallng •Ctlvftl•• Cash g8nerated from operalions 16,319 221.182 Invesllng actlvftlo8 Purchase of propety, plant and 8qulpment Purchase of inveslment property Purchase of other InVe￿ments Proceed8 from disposal of other Inve8tmonts Investment Incom8 recefved <2,584) (200,000) (128,7521 3.492 4,015 (l.(M)01 1.137 54.296 Nvt ¢•fjh g•n•ratsd fromllu••d In) Inv••tlng 8ctlvltlo• 61,848 (321.245) Not Incr•••el(d•cr•a•t) In ca•h and ¢a•h equivalent• 68,187 {1 (Kl,W) Cash and Gash equlvalents at beginnlng of year 383.419 483.482 Cash and cash •qulvalont• at ond of year 461,586 383,419 CFI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policle Company Inlorniatlon CFI Charitable Trusl 18 a prlvate company Ilmlted by guarantee incorporated in England and Wales. The registered office 18 Chanty Hou8e, 22 Upperton Road, Eastboume, East Sussex, BN21 1 BF. 1.1 Ae¢ountlng conventlon The flnanclal statements have been prepared in accordance wlth the Charbty's Memorandurn and Articles of Associalion the Companies A¢1 2008 and "A¢¢ounting and Reportlng by Ch8ritles: Statement of Recommended Practice applicable to charities preparing Ihelr accounts in accordance wlth the Flnanci81 Reporting Slandard appllcable in the UK and Republlc of Ireland {FRS 1021 leffectlve 1 January 20191. The Charity Is a Public Benefit Entity as defined by FRS 102. The financial Btatements are prepared In sterling. whlch Is the functlonal curr•ncy ol the Charlty. Mon8tary arnouDl$ In th88e financiol statements are rounded to the near8St £. The finandal statements have been prepared under the h181orlcal cost conventlon. The prlncip81 accounting pollcles adopted ar8 set out below. 1.2 Golng concern At the tlme of approvlng the financoal statements. the Tru¥tees have a reas¢Jnable expeclallon that the Charity has adequate re8OUTces to continue In op8r8tional eyi5tence for Ihe foreseeable lutur8. Thu8 the Trustees conllnue 10 adopt the golng concern basls of accounting in preparlng the financial statemen18. 1.3 Charltable funds Unre51ricted funds 8re available for u8e at the discratlon of the Tru8tee8 in furtherance of their ch8rltable oblectfves. Reglrlcted funds are monies recelv8d for 8peclfic purposes laSd dovm by the donor. Expenditure whlch meets the$e reslrlcled fund8 Criteria Is Charged to the fund, 1.4 Income Income Is recognlsed when the Charity Is legalty entitled to It after any perfO￿ance condillons hove been met, the amounts Can be moa8ured rellabty. and It 18 probable that income wlll b• recèived. Cash donatlons are recognl8e¢J on recelpt. Other donatlons are recognls8d once the Charty has been nollled of the donatlon. unless perfom18nce conditlons require deferral of the amount. Income tax recoverable in relallon to donatlon8 recefved under Gift Aid or deed8 of covenant Is Included in the donatlon to whlch It relate5 to and Is recognised at the lin￿ ol the donalion. Income from ch8ri18ble a¢tivili8s Is recogni$8d when the rfsks and rewards have been transferred to the purchaser of services or products.11 Is stsled net of VAT. if any. Legades are recognised on receipt or otherwise If the Charity has been nolified of an Impendlng dlslrfbutlon, the amount Is known, and recelpt Is expected. 10- CFI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng policlos {Continued) 1.6 Expendlture All expendllure Is accounted for on an accrual$ ba$ls and has been included undar exp8nse categorles that aggregate all costs for allocation to acllvlties. Where costs cannot be directly attributed to partlcular activities they have been allocated on a basis conslstenl with the use of the resources. Charitable co&ts are 311ocated baiween the categorles of dir8ct Gharitable expendlture and support cost$, suth 85 adminlstration, in accordance with the nature of the costs. Governance costs are those Incu￿8￿ In the overall governance of the cha￿ty and cortylian¢• wlth constitutional and slalutory requlremenls. No amount8 are included for 8eNIc83 provlded by volunteers. 1.8 Property, plant and equlpment Propety, plgnt and equipment are Inlllally me88ured at cost 8nd 8ub8equenlly m885ured at co8t or valuatlon, net of deprec18tSon and any impalrment losses. Depreclatlon Is recognised so as lo wrile off the c05t or valuatlon of assets less th?Ir resldual valueg over their useful IIv85 on the following ba5iS.' Land and buildings Flxiure8, fittings and equlpment 2DA straight Ilne on bulldlngs 250A on 8 straight Ilne basls Freehold land 18 not depreclatad. The galn or Ioss èrlslng on the diipoÈal of an asset Is detemiined as the difference belween the sale proceed8 and the carrylng value of the a55et, and15 recognised in the statement of financi81 activitles. Fixed Asset addltlons below £250 are not c8pltalls8d. 1.7 Investment properties Investment property, whlch Is property held to eam rentals andlor for capital appreclatlon, is initially It￿gnISed at cost, whlch Indudes the purchase cost and any directly attributable expenditure. Subsequent it Is measured at fBir valu8 at the reportlng énd date. The surplus or d¢fielt on revaluation Is recognlsed in profit or loss. 1.8 Nonr all employee$ with the National Employment Savlngs Trust (NEST). Contributions payable are charged in the General fund in the year they a￿ payable. 1.15 Forelgn exchange Transaction5 in currencles other than pounds sterling are recorded at the rates of exchange prevailing at Ihe dates of the transactions. At each reportlng end date, monetsry assets and Ilabilitie8 that are denominated in foreign currencies are retranslated al the rates prevamlng on the reporting end dale. Gains and losses arising on translation in the pgrlod are included profft or loss. 12- CFI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polic1•$ (Continued) 1.16 Taxatlon In the opinion of the Trustees, the Chanty Is nol subkct to United Kingdom corporatlon tax on tts Incom8, The charlty Is regigtere(I for VAT and accounts for VAT on Ils stand8rd rated supplies. Irrecoverable VAT. any, is included In the cosl of the expense rt relates to and Is charged as a cost when incurred. Crltlcal accountlng e8tlm•tss and Judg•mènts In the appllcalon of thé Charty's accounllng pollcies, the Trustses are rèqulred to make Judgements, èsllrnates and assumptions about the carrylng amount of assets and liabmlties that are not roadlly gpparent from other sources. The estimates and a$socialed assumptions are based on hi51ortcal experience and other faclors that are considered lo be relevant. Actual results may dlffer fiom these estimates. The estlm8t98 and underlying Js$umpllon$ are revlewed on an ongoing bas18. Revlslons to accounting eslimates are ra¢ognised In the pedod In whlch the estlmate IB revlsed where the revlslon affects only thal perlod, or In the perfod of the revi$lon and future perlods where the revision affects both current and future periods. Fund• Ganernl Fund (Unre8trlcted) This oversees the day to day operations of the Chadty. De•ignated Funds Résérvé fund Thls represents bjnds Put aslde a8 a general r85eNe in accordance wllh b88t praGti¢e. Where Most Needed in Gonernl Thls fund represents specific gifts glven to the Charfty to be used by the Trustees at thelr dlscrellon for speafic needy arèas of the GeneT81 fund. Sums givisn to the Charlty arg induded In the General fvnd for reporting purpose6, Change Managem•nt fund Thls fund represents money Set aslde from legaGle$ to provid¢ r880urce6 to cover the costs of future changes. Development fund Thls fund represents ffloney set aslde from legacjes lo provld6 rosources to develop our wèb$6tele.comrnercel database and for social media expanslon. Bullding and Security lund Th15 lund represents money Set aside for an upgrade to the premt8es and securfty. Restrlded Funds 5oclal and Humanltsrian fund This fund incorporates monies for social and humanttarian causes malnty in Israel but also in other parts of the world. 11 is made up of.. CFI Jerusalem (A separate tharity, or amuta. In Israel). Non-CFI Jerusalem (Varlous projects induding Where most needed in Israel). Conferences and Tours This fund encompasse$ the Varlous prayer and educallonal conferences of CFI and tours to Israel and is regarded as reslrlcted. Offerfngs taken at the corrferences are ulilised to cover the cos15. At the discretion of the Trustees the surplusldeficil can be covered by a transfer tolfnjm the General fund if requlred. 13- CFI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donallons and lega¢le8 Unreslrlctsd Restrlcted fund¥ funds 2024 2024 Total Unrestrlctsd R•strfthd funds fuftds 2023 2023 Totsl 2024 2023 Donatlons and g1ft8 Legacles 290.591 116,715 202,tX3 492.594 118,715 268,818 78,638 148,141 414,959 76,638 407.306 202,003 609.309 345,456 146,141 491,597 Ch•rltsble activlt1•8 2024 2023 Cour¥es, conferences ond tours Product sales and fees Charftablo rental Income 8,258 35,847 1,200 9,469 35,117 1,1QO 45,305 45,686 Analysls by lund Unresiricted funds Re8tricted fvnds 37,047 8,258 36,217 9,469 45,305 45,888 Income from In￿$th1•n(S Unrestrlct•d Unre•trfctsd funds fund• 2024 2023 Rental income Interest receivable 39,033 15,262 4.015 54.295 4,015 14- CFI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitabl• activitie8 2024 2023 Slaff c081s Product costs (adjusted for 8tockl Conferences and tours Printlng, postage and stallonary Communlcation and contrfbutors Edu¢atlon and promollonal O￿nts Advocacy Tralning, meetlngs Ynd hosplt815ty 250,531 20,723 19,523 45,545 8.440 15,287 3.017 2,121 222.448 21,430 14,847 41,886 7.958 13.846 1,450 1,202 365.187 324.887 Grant funding of acti¥rtles (Bee note 8) 188.075 138,802 Share of support costs (see note 91 Share of govemance costs (see note 9) 55,520 27,181 53,706 23,738 635,963 538,913 Analys18 by fvnd Unrestricted funda Restrlcted funds 428,365 207.598 387,684 151,249 635.963 538,913 Grants poyabl• 2024 2023 Grants to InBtllution$: CFI Jerusalem Projects Non£FI Projects Other 154,146 33.799 130 112.881 23,791 130 188,075 136,602 15- CFI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to activlti•s Charilabl• actlvltle• 2024 Total 2023 Depreclallon Premlses costs {head office and north east office) Office equlpment, sofiware and consumables IT and web consuttants Trnvel and accommodation Property Plymouth MIsc8llaneou$ Governance 4.401 25,184 6,225 8,280 8,859 6,129 442 28,181 4,240 30,724 6.029 7.651 4.230 832 23,738 82,701 2024 2023 Gov•rn•nce co•ts comprf￿. Legal and professlonal Accountsncy fees Indep8ndent examlnatlon f8e8 Bank and flnanc8 ch8rge8 Board expen888 Investment propety costs 3,486 12,150 1.312 5,498 1,294 16,388 8,378 1,757 2,352 28,181 23,738 10 Tru•t••• No rer￿￿e￿Ilon 18 paid to the Tru8t•es. Rea80nable travol, accommodation and T818ted expen6e8 were relmbur8ed of £1,757 {2023". £1,294). 11 Employe•• The average monthly number offvll and part time employees durlng the yearwaj: 2024 Nufflber 2023 Number Direct chorltable work Administration Total 10 10 16- CFI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Employee¥ {Conllnued) Employment costs 2024 2023 Wages and 6alari85 Social securlty costs Other pensN)n costs 229.855 14,808 6,070 205,697 11.188 5,563 250,531 222,448 There were no employees whose annual remuneration was more than £60,000. R•rnun¢r•don of k•y manag•mont pev•onn•l The remunerallon of k•y managemerrt personnel Ilndudlng employ8¢8 nallonal Insurance and pen8ion corrtrlbullon$)1$ 88 lollow8. 2024 2023 Aggregate cornpensallon 51,556 48,191 12 Proporty, plant and •qulpm•nt LAnd •nd bulldlnq• FlxiurnA. Ilttln9• and •qulprnon¢ Tot•1 Co8t Al 1 January 2(r24 Addltlons 191,407 19,408 2,584 210,815 2,584 At 31 Docamber 2024 191,407 21.992 213,399 D•preclation and Impalrnient At 1 January 2024 Depreaatlon tharged In Ihe year 81,424 3,300 18,494 1,101 99,918 4,401 At 31 December 2024 84,724 19,595 104,319 Carrylng amount Al 31 December 2024 106,e83 2,397 109,080 At 31 December 2023 109,983 914 110.897 17- CFI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Investment prop•ty 2024 Falr valug At 1 January 2024 and 31 December 2024 200,000 Inv•stm8nt prop•rty ¢ornprlsos 39 Mount Gould Road, Plymouth, Devon PL4 7PT. The ¢hief executhffj of the Charity who Is a Chartered Surveyor by profe861on con8ider8 this to be a fair value and no revaluallon required as at 31 December 2024. 14 Flxed •M•l Inv•Jtm•nt• Israel Bondi Cogt or valuotlon At 1 January 2024 Addltlons Interest accrued Disposals 130,440 1.0(YJ 55 {1,13n At 31 December 2024 130,358 Carrylng amount At 31 December 2024 130.358 At 31 December 2023 130,440 16 Invontorl•• 2024 2023 Products for Sale 4,687 4,703 stock reprèsents book8, (audlo) CDS and {vldeo) DVDS and other relatsd products. 16 Trade and other recelvable8 2D24 2023 Amounts falllng due wlthln one year. Tax and VAT recoverable P￿payMentS and acw8d income 27,255 5,556 22,580 11.103 32,811 33,683 18- CFI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Other craditors fwlling due wllhln onè y6ar 2024 2023 Trade pay•bles Accrua15 and dfife￿ed income 2,978 9,891 4.899 15,591 12,869 20,490 18 Retlrement boneflt 8¢heme8 2024 2023 D•flned conlflbutlon geham Charge to profit or1088 In ￿sPecI of deflned contdbutlon schemes 6.070 5.583 19 Re•lrlct•d fund The rest￿cted funds of the charlty compdse Ihe unexpended balances of donations and grants held on tru8t sublect to 8peclflc condltlons by donors Bs to how they may be used. At l January 2024 Incomlng resources ResourGa oxpondod At31 Decemb•r 2024 S￿181 and Humanllarfan Fund Conferences and Tour8 193,893 18,368 1188,075) {19,523) 5,818 1,206 4,361 4.361 210,261 (207,598) 7,024 Provlou• yo•r, At l January 2023 Incomlng Re•ource• resourcos expend•d At31 Decemb•r Z023 Social and Humenltsrfan Fund Conferencas and Tour8 136.602 19,OD 1136.6021 114,647) 4.381 155,610 (151,249) 4,361 19- CFI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Deslqnated funds The income funds of Ihe charfty Indude the followlng deslgnated funds whiGh have been stst aÈide out of unrestiicted funds by the trustee8 for speclflc purposes.. •l•ne• •t R••our¢ l J•nu•ry 2023 •xpend•d Tr•n•f•Tr B•l•nG• •t Il•sourGg• &•l•nc• It 1 J•u•ry 2Wa4 •xp•nd•d 310ecwnbo1 2024 Reserve Fund Change Management Fund Development Fund Buildlng and Securfty Fund 200,000 100,000 100,000 18,919 200,OC 100,OCM) 100.000 19,170 2CKI,000 11YJ,000 1(NJ,000 15.754 (12.749) 15,000 (3,418) 416.919 (12.749) 15,000 419,170 13,416) 415,754 21 Analy•l• of net a8•ets between fund• Unrestrlcted Re¥trlcted lund8 Total Unre¥lricted Restricted & Deslgnated funds fund8 Total Deslgnated funds 2024 2024 2024 2023 2023 2023 Fund balances are represented by.. Pmperty, plant and equlpment Investment propertles Inve6tmen18 Current 8ssetsl{11obllStles) 109.080 200,0(M) 130,358 469,191 109,080 200,000 130,358 476,215 110.897 200.000 130.440 396,754 110,897 200.000 130,440 401.315 7,D24 4.561 908,629 7,024 915,853 838,091 4.561 842,652 22 Operatlng l?a3e commllments Al the reporting end dale Ihe Charty had outstanding commftments for future mlnlmum lease payments und8r non-cance118ble operaling leases, whlch fall due as follows: 2024 2023 Within one yeaT BetrNeen hvo and five years 750 3,000 750 750 3.750 -20- CFI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Relatèd party tran8action8 Transactlons wlth related partle* Durlng the year the Charity entered into the followlng transactions with related partle8: Accountancy ••rvlrA$ 2024 2023 Other related partla8 16,238 12.150 16,238 12,150 The Charlty engaged Caladine Ltd to provlde accounllng 6UPPOrt to the Charfty. Caladlne Ltd 18 a company controlled by John Caladlne. who 8er¥es the Charity 88 Company SecTrtsry. Detalls of feeB paid to C8tadln8 Ltd are shown in the table above. The total amount of donations received from the Trustees durlng the yeor was considered Immaterfal to disdose. 24 CAsh generated from op8ratlon8 2024 2023 Surplus for the year 73,001 AdJustm•nts for. Investment Income recogn18ed In Statement of Iln8ncl81 actb41tleg Falr value gains ond108ses on Investments Dapreciation and impalrmeni of propety, plant and equlpment (54,295) (55) 4.401 {4,015) 1601 4,240 Movement8 In worklng caplt•l: Decrease In Inventortes Decrease in trade 8nd other receivables (Decrease)Ilncrease In trade and other payabl 16 872 17,8211 206,944 11,509 Cash g•nerated from op•rallon• 16.319 221.182 20 Anaty¥ls of changv In not funds The Charity had nD materi81 debt durlng the year. 26 Member8 Ilabilitios CFI Charitable Trusl Is a company Ilmited by guarantep and has no share capltal. Under the terms of Ihe memorandurn of assodatlon every memberls liable to contrlbute a Sum not exceedlng £1 in the event of the company being wound up during the time he or she is a member or one year thereafter. At 31 December 2024 there were five members (2023: four member51. 21