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← Christian Medical Fellowship

2024-12-31-accounts

Christian Medical Fellowship (A Company Limited by Guarantee)

Annual Report and Financial Statements for the year ended 31[st] December 2024

Company Registration Number: 06949436 Charity Registration Number: 1131658

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CHRISTIAN MEDICAL FELLOWSHIP

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

CONTENTS

Page
Officers and Professional Advisors 2
Report of the Board of Trustees 3
Independent Auditor’s Report to the Board of Trustees 10
Statement of Financial Activities 13
Income and Expenditure Account 14
Balance Sheet 15
Statement of Cash Flows 16
Notes to the Financial Statements 17

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KEY MANAGEMENT PERSONNEL AND PROFESSIONAL ADVISORS

Board of Trustees

Dr Alice Smith – Chair Dr Euan McRorie – Past Chair Dr Nicholas Charles Lipscomb – Interim Treasurer Dr Alana Atkinson Dr Paula Busuulwa Mr Timothy James Dr David Khoo Mr Howard Lyons Ms Ellie McBain Mr Wesley Kai-Xian Mcloughlin Prof Robert J Moots Stefanie McRoy (Appointed 11 May 2024) Dr Matthew Baines (Appointed 6 June 2024) Prof Christopher Summerton (Appointed 6 June 2024) Ovril Tomlinson (Appointed 12 October 2024) Ms Jennifer McKelvin (Resigned 26 March 2024) Dr Rebecca Horton (Resigned 15 June 2024)

Senior Management Team

Dr Mark Pickering – Chief Executive Officer Mr Benjamin Daniel – Operations Director Dr Felicia Wong – Deputy Chief Executive Mr Steven Fouch – Head of Communications

Principal Office Address

Johnson House 6 Marshalsea Road London SE1 1HL Tel: 020 7234 9660

www.cmf.org.uk

Bankers

Reliance Bank Faith House 23-24 Lovat Lane London EC3 8EB

Barclays Bank plc 29 Borough High Street London SE1 1LY

CAF Bank Limited Kings Hill West Malling Kent ME19 4TA United Trust Bank 1 Ropemaker Street London EC2Y 9AW

Auditors

Xeinadin Audit Limited 5 Robin Hood Lane Sutton Surrey SM1 2SW

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TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

The Board of Trustees present their Annual Report and the audited financial statements for the year ended 31 December 2024.

Name and Registered Office of the Charity

The full name of the charity is the Christian Medical Fellowship (‘CMF’), and its registered office and operating address is 6 Marshalsea Road, London, SE1 1HL.

Legal Status

CMF was formed on 1 July 2009 as a company limited by guarantee and registered in England number 06949436. Its registered charity number is 1131658.

The charity is governed by the provisions of its Memorandum and Articles of Association and its Constitution.

Board of Trustees

The members of the Board of Trustees who served in the year are set out on page 2.

The Board of Trustees is appointed annually and elected by the General Committee. The General Committee comprises local and regional volunteers, members of CMF committees, the Officers and elected members of the Board of Trustees, the President, and members of the Council of Reference. All new Trustees receive an induction pack and receive ongoing training on key areas such as safeguarding and financial management. There is also a buddying system in place with existing Trustees supporting new Trustees in their roles.

The following members of staff regularly attend the Board of Trustees meetings: Dr Mark Pickering (Chief Executive Officer); Mr Benjamin Daniel (Operations Director);

Mrs Sharon Green (Executive Assistant to the Chief Executive)

Objects of the Charity

The objects of CMF, as stated in the Memorandum of Association, are:

The objects to be carried out as an expression of the biblical truths set out in the Doctrinal Statement (clause five of the Memorandum of Association).

The aims of CMF are to:

  1. Unite Christian healthcare professionals and students in Christ, and encourage them to deepen their faith, live like Christ, and serve him obediently, particularly through acting competently and with compassion in their professional practice.

  2. Encourage Christian healthcare professionals and students to be witnesses for Christ among all those they meet.

  3. Mobilise and support all Christian healthcare professionals and students, especially members, in serving Christ throughout the world.

  4. Promote Christian values in society, especially, but not limited to, the areas of bioethics and healthcare.

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Public Benefit

The Trustees have given due regard to guidance issued by the Charity Commission, including public benefit guidance. CMF is a membership organisation for Christian doctors, nurses, midwives, and medical, nursing and midwifery students who are based in the UK and Ireland, but who work anywhere in the world. Membership is restricted to those who assent to the membership basis of CMF, as set out in its constitution and aims.

Most of our members and those who attend our events work within the National Health Service and are committed to the values of a public health service, free at the point of need.

The main CMF website (www.cmf.org.uk) contains a substantial amount of material on a wide range of social, ethical, and religious issues for the benefit of the wider public, and the medical and allied professions in particular.

CMF responds to consultations on medical and ethical issues from various bodies, including the Departments of Health and Social Care, the British Medical Association, the General Medical Council and the Royal Colleges.

CMF organises national, regional, and local events, including residential conferences, and evening or half-day seminars on a wide range of topics. Almost all these events are open to non-members working in medical and allied professions.

Activities and Achievements in 2024

2024 was the fourth year of the implementation of our five-year strategic plan, known as Wider, Clearer, Closer, which seeks to extend our reach and grow our membership, clearly communicate our messages, and improve our local support networks, while equipping our members to live and speak for Christ. We continue to work with our members throughout their careers and to resource the church to engage with healthcare workers and healthcare issues.

Our focus for our work over the past year has therefore continued to be on the following three areas. Our main activities are described below, and how we developed and implemented our plans. They are undertaken to further our charitable objectives.

1. Going Wider – Extending our Reach

We continued to see an increase of in-person events. Our residential student conference in February brought together students from most of the medical, nursing and midwifery schools across the British Isles. Over 1000 people attended our events throughout the year, from specialised day conferences to overnight residentials.

We welcomed new volunteers to our Nurses & Midwives department, as we sought to increase our reach among this group. A Newly Qualified Retreat Day was held during the year. Furthermore, CMF continued its in-person conference specifically for nurses and midwives, called the Nurses and Midwives Festival (NAMFest), which was held before our National Conference in April. This was a time of refreshment for our members coming under significant pressure at work.

We grew our mentoring network, covering leaders, managers, juniors, students, and speciality areas. We developed our offering to healthcare leaders and managers through our Christians in Healthcare Leadership Network (CHLN).

We launched an Irish working group and held an Irish conference, making excellent connections there.

2. Growing Clearer – Refining Our Communications

CMF was pleased to celebrate our 75[th] Anniversary in 2024, with a special reflection and thanksgiving service before our AGM. We are delighted that the 75[th] appeal hit its target and the celebrations around the anniversary were well-received at conferences.

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We also launched our new website in 2024, bringing a refined look and easing navigation for members.

We ran a National Day of Prayer in March for the National Health Service.

Our new Head of Public Policy bedded into the role and developed CMF’s vital advocacy work, engaging members, stakeholders, and partner organisations.

We sought our members’ views via a member survey, enabling us to better understand and respond to member needs.

3. Drawing Closer – Improving our Local Networks

We continued to run conferences and grow local networks. The recruitment of a Ministry Administrator enabled our field team to continue expanding and encouraging members.

We furthered our pathway for training, recognising, and succession planning for our Pastoral Partners. Their work was gratefully received by members throughout the year.

Additionally, we ran our new Global Health and Missions day, replacing our Developing Health Course, discussing the role of medical mission as we brought together those interested in the topic.

We built collaborative relationships with partner organisations to address the areas in which our members have felt needs, ensuring that work is not duplicated.

Governance

During 2024, two trustees resigned from the Board and four new trustees were appointed. All new trustees received a copy of the Governance Manual, which explains in detail the responsibilities of the Board. During the year, the Business Advisory Committee, which advises the Board on matters of finance, personnel, IT, and property, has continued its vital role. We have also set up a Digital/IT Strategy subcommittee to help coordinate various projects across different departments.

The Governance, Strategy and Risk Committee comprises the Officers of the Board, the CEO and Operations Director. It has the specific remit of advising the Board on governance matters, the setting and review of strategy, and the management of organisational risk.

Business Review

Our main sources of funding are membership subscriptions, other member donations, and income from trusts. Our total income for 2024 stood at £2,324,676 (2023: £1,491,182).

Our operating expenditure decreased by £37,684 to £1,607,457 (2023: £1,645,141).

We responded to the increased need for support by our members through increased administrative support and membership engagement which has seen greater enabling support given to our field team, along with growing & retaining members.

We plan to have a breakeven position in 2025.

The Board and management carried out a review of the Reserves Policy during the year, taking into account the guidelines from the Charity Commission, and in line with best practice, using a risk-based approach for determining the level of free liquidity reserves to be held. This Reserves Policy was approved in May 2024.

The CMF has a formal Reserves Policy, which sets out the basis for maintaining certain required reserves. The required reserves range at the year-end was between £571,863 and £589,863 (2023: 454,342 and £502,342). These are comprised of:

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required, this reserve will be funded through the sale of the office at 6 Marshalsea Road, which is held by the designated Property Fund.

The total reserves of the charity at year-end were £2,970,716 (2023: £2,253,497). Of this total, £132,840 (2023: £125,196) was held as restricted funds and £26,227 as endowment funds. The general reserves at the end of 2024 were £158,440 of which free reserves amounted to £139,390.

Going Concern

The financial statements for the year ended 31 December 2024 have been prepared on a going concern basis. Trustees have reviewed the circumstances of the CMF and consider adequate resources continue to be available to fund the activities for the foreseeable future. The trustees are of the view that the CMF is a going concern. The trustees confirm that there are no material uncertainties which will prevent the charity from continuing as a going concern for the foreseeable future.

Remuneration of Key Management Personnel

The key management personnel of the CMF are listed on page 2 are in charge of directing, controlling, running, and operating the charity on a day-to-day basis. All trustees give of their time freely and no trustee received remuneration in the year. Details of trustees’ expenses and related party transactions are disclosed in Note 15 to the accounts.

CMF has adopted a hybrid of the 2017 Agenda for Change (AfC) pay scale and applies an annual cost of living increase to these bands, subject to affordability. Senior staff are paid in line with this AfC scale, although without London Weighting. In addition, the key management personnel receive only the first two increments on the applicable AfC scale.

Strategic Report

The Charity’s Strategy

The CMF continued its usual range of national, regional, and local conferences and events for all categories of the membership, and the ongoing support and education of members and the general public through its publications and website.

The strategy of the CMF is to fulfil its aims by building on its activity while remain financially stable. The medium-term focus is on building a stronger CMF and community by:

The three-year strategic plan, ‘Wider, Clearer, Closer’ for 2021-2023 was extended in 2022 to five years in order to build on our current achievements and to steer future plans aimed at:

Fundraising Activities

In 2024, £1,488,953 (2023: £696,418) was raised through donations, gifts, and legacies to support the work of CMF.

CMF directs its major individual fundraising efforts at its members, who are encouraged to donate. No commercial participators are used. During the year, we were not aware of any complaints about our approach to fundraising. Members can opt out from receiving fundraising material by email and/or post.

There are two written appeals per year and an opportunity to set up regular giving or give one-off donations as part of the annual membership renewal process. Some other appeals for funding are

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directed at grant-making trusts. A restricted grant of £29,777 was awarded to CMF to support the Global Track training programme for 2022-2024. This grant was awarded by Medical Missionary News, which supports Christian mission work through healthcare. We do not budget for legacies but ask members to consider leaving a gift to CMF in their will.

Safeguarding

We take our duties to safeguard our members, staff, and those who come into contact with our charity seriously. This includes ensuring that we create a safe working environment and promote a healthy organisational culture, underpinned by sound policies, procedures, and practices. We have both a Designated Safeguarding Lead and Assistant Safeguarding Lead, as well as a Trustee Lead to champion safeguarding with the trustees across the charity. The Assistant Safeguarding Lead will support the Designated Safeguarding Lead in safeguarding decision-making and responding to concerns from staff and members. Alongside this, we have been working on codifying our safeguarding responsibilities, reporting, procedures, and recruitment self-disclosure processes. Our safeguarding processes and procedures are reviewed annually.

Future Plans

During 2025, there will be a continued focus on our Wider, Clearer, Closer strategy, now heading into its final year. The trustees and Senior Management Team will also prepare for a new multi-year strategy when Wider, Clearer, Closer comes to an end.

The Board will continue to focus on returning CMF to breakeven or better in the year; our use of free reserves and our reserves policy will reflect this goal. We received a large legacy towards the end of 2024 which will greatly assist in our work towards our strategic plans in 2025 and beyond.

As we Go Wider, extending our reach, we will explore more efficient ways to enable members from across Europe to join in with CMF’s work without having to pay in Sterling.

The CMF Scholar programme will continue to be shaped, and we aim to get this up and running in 2025 with a fresh cohort of placements. We continue to aim to have Pastoral Catalysts in every Catalyst Team and to build local mentoring networks in all Catalyst Team regions. We plan to continue offering support to build Catalyst Teams in regions with no current team.

We also continue to develop our Christians in Healthcare Leadership Network, to support and encourage Christians (both clinical and non-clinical) who exercise leadership and influence within the healthcare sphere.

As we Grow Clearer, refining our communications, we will be moving to a new CRM to better reflect CMF’s needs. This will enable smoother communications to member, easier booking of conferences & events, and a streamlining of financial processes.

With the new website now here, we will also seek better and clearer ways for members to be able to access their own details on the website, enabling them to edit them and their preferences themselves via the new CRM.

We will also run a National Day of Prayer for the National Health Service in March, and plan further engagement around Healthcare Sunday in October. Christians and others will be encouraged to pray for the health service in the UK and to encourage each other within it.

We will continue to respond to our member survey and listen to the needs of our members.

As we Draw Closer, improving our local networks, CMF will continue to run conferences throughout the year for different demographics, from students to seniors within the health services. We will continue to explore the future of medical mission and local groups of medics across the world, in partnership with the ICMDA.

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Our volunteers ministry will expand into larger regions of the country as we continue to equip Christian doctors and nurses to live and speak for Jesus; we seek to strengthen existing regional groups and grow in areas currently without groups.

Additionally, we will run welcome sessions for new members, enabling them to better connect with each other.

The Board and Board Subcommittees will explore ways of engaging and encouraging the various networks too.

Risk

The Board, with advice from the Business Advisory Committee (BAC) and the senior staff, reviews CMF’s work in the light of significant risks – including emerging ones – and ensures that the control procedures in place to mitigate those risks are implemented. Our Risk Register is reviewed at each BAC and Board meeting.

The principal risks currently facing the Fellowship identified during the year are:

  1. Lack of sustainable income to support our charitable objects longer term.

  2. Decline in membership numbers.

  3. Emerging risks from IT related incidents and cybersecurity leading to reputational damage.

Our strategy in attempting to mitigate these risks include regular reminders of the purpose of CMF, promoting cohesiveness among the membership and teaching on the importance of Christian stewardship. We also reduce the risks from cyberattacks through user education, technical enforcements, and high-end antivirus protection.

Board of Trustees Responsibilities

The Board of Trustees (who are also directors for the purposes of company law) are responsible for preparing the report of the Board of Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Accepted Accounting Policies).

Company law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of incoming resources and application of resources, including the income and expenditure of the charitable company for the period. In preparing these financial statements, the Board of Trustees is required to:

The Board of Trustees are responsible for keeping adequate accounting records, which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of Information to Auditors

The Board of Trustees has taken all the steps necessary to ensure that the charity's auditors are aware of all relevant information. To the knowledge and belief of the Board of Trustees, there is no relevant information of which the charity's auditors are not aware.

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The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Signed on behalf of the Board of Trustees on 12 June 2025

_____ ZA Dr Alice Smith Chair

______ Dr Nicholas Lipscomb Interim Treasurer

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Independent auditor’s report to the members of Christian Medical Fellowship

Opinion

We have audited the financial statements of Christian Medical Fellowship (the ‘charity’) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report, including the Board of Trustees’ report, other than the financial statements and our Auditor’s report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Independent auditor’s report to the members of Christian Medical Fellowship (continued)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included with the Board of Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees'(who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee 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 material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity, we identified that the principal risk of non-compliance with laws and regulations related to General Data Protection Regulation, employment and financial reporting legislation and we considered the extent to which non-compliance might have a material effect on the financial statements.

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Independent auditor’s report to the members of Christian Medical Fellowship (continued)

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management, considering the internal controls in place and discussion amongst the engagement team.

We determined that the principal risks were related to management bias in accounting estimates and management override of controls.

In response to the risks identified we designed procedures which included but were not limited to challenging significant accounting estimates, evaluating the Charity’s internal controls, identifying and testing journal entries and reviewing relevant minutes.

There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might state to the charitable company's members 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 not accept or assume responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed.

Richard Haffenden MA(Cantab) FCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limited Statutory Auditor 5 Robin Hood Lane Chartered Accountants Sutton Surrey SM1 2SW

18/07/2025 Dated: .........................

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024		 024
Note
Income and endowments from
Donations and legacies
Membership subscriptions
Donations, gifts and legacies
2
Investments
Rental Income
Bank interest receivable
Charitable Activities
3
Total income and endowments
EXPENDITURE ON
Raising funds
4
Charitable activities
4
Total Expenditure
NET INCOME:
Transfers between funds
12
NET MOVEMENT IN FUNDS
Reconciliation of Funds
Balances brought forward at 1 January
Balances carried forward at 31 December
Note
Income and endowments from
Donations and legacies
Membership subscriptions
Donations, gifts and legacies
2
Other trading activities
Rental Income
Investments
Bank interest receivable
Charitable Activities
3
Total income and endowments
EXPENDITURE ON
Raising funds
4
Charitable activities
4
Total Expenditure
NET INCOME / (EXPENDITURE):
Transfers between funds
12
NET MOVEMENT IN FUNDS
Reconciliation of Funds
Balances brought forward at 1 January
Balances carried forward at 31 December		 Note 2024
Unrestricted
funds
2024
Restricted
funds
2024
Endowment
funds
2024
Total funds
£
£
£
£
563,023
-
-
563,023
1,367,488
121,463
-
1,488,951
39,058
-
-
39,058
5,836
-
-
5,836
227,808
-
-
227,808
2,203,213
121,463
-
2,324,676
72,968
17,614
-
90,582
1,417,979
96,205
2,691
1,516,875
1,490,947
113,819
2,691
1,607,457
712,266
7,644
(2,691)
717,219
-
-
-
-
712,266
7,644
(2,691)
717,219
2,099,383
125,196
28,918
2,253,497
2,811,649
132,840
26,227
2,970,716
2023
Unrestricted
funds
2023
Restricted
funds
2023
Endowment
funds
2023
Total funds
£
£
£
£
555,183
-
-
555,183
565,666
130,752
-
696,418
37,090
-
-
37,090
4,265
-
-
4,265
198,226
-
-
198,226
1,360,430
130,752
-
1,491,182
68,739
9,880
-
78,619
1,431,652
134,870
-
1,566,522
1,500,391
144,750
-
1,645,141
(139,961)
(13,998)
-
(153,959)
-
-
-
-
(139,961)
(13,998)
-
(153,959)
2,239,344
139,194
28,918
2,407,456
2,099,383
125,196
28,918
2,253,497

All activities of the charity are classed as continuing.

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INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024		 T
2024
Note
Gross income
Expenditure
Net income for the year
STATEMENT OF COMPREHENSIVE INCOME
Net income for the year
Endowment fund receipt
Total gains and losses in the year		 Note 2024
2023
£
£
2,324,676
1,491,182
1,607,457
1,645,141
717,219
(153,959)
717,219
(153,959)
-
-
717,219
(153,959)

CHRISTIAN MEDICAL FELLOWSHIP BALANCE SHEET AS AT 31 DECEMBER 2024

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BALANCE SHEET
AS AT 31 DECEMBER 2024
Note 2024 2023
£ £ £ £
FIXED ASSETS
Tangible fixed assets 5 1,335,846 1,353,935
Investment fixed asset 6 910,000 910,000
2,245,846 2,263,935
CURRENT ASSETS
Stock 33,302 36,111
Debtors 9 887,689 149,170
Cash at bank 218,986 243,169
1,139,977 428,450
CREDITORS:Amounts
falling due within one year
Mortgage (12,885) (11,853)
Other creditors (149,578) (161,055)
10 (162,463) (172,908)
NET CURRENT ASSETS 977,514 255,542
Total assets less current liabilities 3,223,360 2,519,477
CREDITORS:Amounts
falling due after one year
Mortgage 11 (252,644) (265,980)
TOTAL ASSETS LESS LIABILITIES 2,970,716 2,253,497
FUNDS
Unrestricted Funds
General Funds 12 158,440 133,013
Designated Funds 12 2,653,209 1,966,370
2,811,649 2,099,383
Restricted Funds 12 132,840 125,196
Endowment Funds 12 26,227 28,918
2,970,716 2,253,497

The financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Approved and authorised by the Board of Trustees on 12 June 2025 and signed on their behalf by:

Dr Alice Smith
~~ZA~~		 Nick Lipscomb
~~aa~~
Chair Treasurer

Registered company number: 06949436

CHRISTIAN MEDICAL FELLOWSHIP STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

16

Cash flows from investing activities
Interest income
Purchase of tangible fixed assets
Cash flows to / from financing activites
Mortgage repayment
Loans (repaid) / received
Cash used in financing activities
(Decrease) / increase in cash and cash
equivalents in the year
Cash and cash equivalents at the
beginning of the year
Total cash and cash equivalents at the
end of the year
Cash provided by (used in) investing
activities
Cash provided by operating activities		 Note 2024
2023
16 £
£
(10,720)
(133,781)
5,836
4,265
(6,995)
(3,765)
(1,159)
500
(12,304)
(11,158)
-
-
(12,304)
(11,158)
(24,183)
(144,439)
243,169
387,608
218,986
243,169

Analysis of changes in net debt

Cash
Mortgage due within one year
Mortgage due in more than one year
Loans
Total		 1 Jan 2024
Cashflows
non-cash
changes
31 Dec 2024
£
£
£
£
243,169
(24,183)
-
218,986
(11,853)
12,304
(13,336)
(12,885)
(265,980)
13,336
(252,644)
-
-
-
(34,664)
(11,879)
-
(46,543)

17

CHRISTIAN MEDICAL FELLOWSHIP

1. ACCOUNTING POLICIES

Company information

Christian Medical Fellowship is a company limited by guarantee incorporated in England and Wales with registered office at Johnson House, 6 Marshalsea Road, London SE1 1HL. It is a public benefit entity under FRS102.

Accounting convention

The financial statements have been prepared under the Companies Act 2006 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)), Financial Reporting standard 102 (FRS 102) and the Charities Act 2011. The financial statements are prepared under the historical cost convention as modified by the revaluation of investment properties and on a going concern basis. The financial statements are presented in pounds sterling rounded to the nearest pound. The particular accounting policies adopted are described below. There are no material uncertainties about the charity’s ability to continue in operation.

Undistributed Investment Income

The income arising from the investment of the capital from the Lavinia Croxon Memorial Fund is used by the Board of Trustees to make grants. Any undistributed income from the fund is carried forward as a designated fund.

Fixed Assets

Freehold property owned by the Charity is divided between that occupied for the purposes of the charity and that which is let to tenants. The latter is shown in the accounts at fair value as an investment property. The former is shown at historic cost less depreciation.

Depreciation

Depreciation is calculated at rates and on bases used to write off the cost of fixed assets less their estimated residual value over their expected useful life as follows:

Freehold property (excluding the value of land) 2% per annum straight line Office furniture and equipment 25% or 10% per annum straight line Computer hardware 25% per annum straight line Computer software 20% per annum straight line

Subscriptions and donations

Membership subscriptions and donations are taken to the Statement of Financial Activities in the period in which they are received, with the exception of income that is specifically stated to be in respect of expenditure to be incurred in a future period, when the income is deferred to that period. A provision for income tax recoverable on gift aid is made in respect of relevant donations received in the year.

Legacies

Legacies are accounted for when the charity is advised by the personal representative of an estate of entitlement to a payment and the amount involved can be quantified with reasonable accuracy.

Rental income

Rental income is recognised in the period it is due to be received.

Expenditure and Grants

Expenditure is included on an accruals basis inclusive of VAT, which is not recoverable. Grants to individuals and institutions are included when the grant is paid.

18

CHRISTIAN MEDICAL FELLOWSHIP

Allocation of costs

The charity's operating costs include staff costs, mortgage and office costs and other related costs. Such costs are allocated between expenditure in furtherance of the charity’s objects, cost of generating funds and governance.

Staff costs for those working directly and solely in charitable activity are charged direct to charitable activity along with other direct costs. The costs of those staff who work in a support function have been allocated across the charitable activities on the basis of the work expended in or for each activity. Other support costs have been allocated across the charitable activities on the following basis:

Stock

Stock is stated at the lower of cost and net realisable value.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of four months or less from the date of the opening of the deposit.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs

Contributions payable under the defined contribution scheme are charged to the Statement of Financial Activities as they fall due.

Regions

The charity carries out some activities through a national network of regional groups, which use the same name as the charity, raise funds for the charity and their own local activities and receive support from the charity through advice and publicity materials. All regional transactions are accounted for gross in the financial statements of the charity and all assets and liabilities, including cash retained by regions, are included in the charity's Balance Sheet.

Fund accounting

Funds held by the charity are:

19

CHRISTIAN MEDICAL FELLOWSHIP

Going concern

The financial statements for the year ended 31 December 2024 have been prepared on a going concern basis. Trustees have reviewed the circumstances of the Fellowship and consider that adequate resources continue to be available to fund the activities for the foreseeable future. The Trustees are of the view that the Fellowship is a going concern.

The Trustees recognise that donations and income from appeals may come under pressure from the current cost of living and inflationary crises. Cash flow has been modelled up to summer 2026 and cash holdings remain healthy, allowing obligations to be met as and when due.

A number of key activities are modelled so that income directly correlates with expenditure, and these can be scaled down should the need arise.

Having considered the cash flow, reserves levels, and future financial plans, the Trustees confirm that there are no material uncertainties which will prevent the Charity from continuing as a going concern for the foreseeable future.

CHRISTIAN MEDICAL FELLOWSHIP

20

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2. DONATIONS, GIFTS AND LEGACIES

General donations
Christmas appeal
Spring appeal
Capital appeal
Gift aid
Student Ministry income
Graduate Ministry income
International Ministry
Graduate Nurses Ministry
Scottish Nurses Fund
Volunteer ministry
Communications and Publications
Founders' Scholarship fund
Project support fund
Conference room facilities
Legacies		 Unrestricted
funds 2024
Restricted
funds 2024
Total 2024
Unrestricted
funds 2023
Restricted
funds 2023
Total 2023
£
£
£
£
£
£
228,674
-
228,674
246,944
-
246,944
47,336
-
47,336
71,582
-
71,582
74,024
-
74,024
43,250
-
43,250
1,224
-
1,224
1,208
-
1,208
198,633
9,882
208,515
154,039
8,637
162,676
-
34,129
34,129
-
28,373
28,373
-
5,802
5,802
-
11,822
11,822
-
31,753
31,753
-
39,305
39,305
-
4,685
4,685
-
4,641
4,641
-
-
-
-
-
-
1,267
1,267
-
3,840
3,840

-
4,553
4,553
-
5,084
5,084
-
-
-
-
-
-
-
26,392
26,392
-
27,311
27,311
-
3,000
3,000
-
1,739
1,739
817,597
-
817,597
42,337
-
42,337
1,367,488
121,463
1,488,951
559,360
130,752
690,112

3. INCOME FROM CHARITABLE ACTIVITIES

INCOME FROM CHARITABLE ACTIVITIES
Conference Income
Regional Conference and Meeting Income
Hire of Premises
Sale of Books and magazines		 Unrestricted
funds
Restricted
funds
Total 2024
Total 2023
£
£
£
£
195,030
195,030
190,158
5,882
-
5,882
3,783
22,193
22,193
6,306
4,703
4,703
4,285
227,808
-
227,808
204,532

CHRISTIAN MEDICAL FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

21

4. EXPENDITURE

Raising Funds
Charitable activities - Grants paid
Charitable activities - Costs of activities
Student Ministry
Graduate Ministry
International Ministry
Graduate Nurses Ministry
Volunteer ministry
Communications and Public Policy
Membership support
Governance costs
Total		 Direct costs
Support
costs
Total 2024
2023
£
£
£
£
33,208
57,374
90,582
78,619
-
4,673
4,673
4,641
160,394
63,471
223,865
210,093
208,291
62,047
270,338
279,538
144,738
54,113
198,851
241,888
71,077
32,331
103,408
115,420
43,085
44,188
87,273
92,766
286,460
64,448
350,908
345,214
-
236,326
236,326
236,967
914,045
556,924
1,470,969
1,521,886
-
41,233
41,233
39,995
947,253
660,204
1,607,457
1,645,141

Support costs have been allocated across the Charitable Activities on the basis of their usage of the support cost categories listed below.

Analysis of support costs
2024
£
Salaries
397,547
Finance
38,095
Mortgage interest
19,841
IT
45,154
HR
18,271
Premises and office costs
51,710
Depreciation
25,084
Other support costs
64,502
Total costs of activities
660,204
Analysis of Charitable Activities by fund type
Unrestricted
funds
Restricted
funds
Total 2024
£
£
£
Raising Funds
72,968
17,614
90,582
Charitable activities
1,379,357
96,285
1,475,642
Governance costs
38,622
2,611
41,233
1,490,947
116,510
1,607,457		 Analysis of support costs
2024
£
Salaries
397,547
Finance
38,095
Mortgage interest
19,841
IT
45,154
HR
18,271
Premises and office costs
51,710
Depreciation
25,084
Other support costs
64,502
Total costs of activities
660,204
Analysis of Charitable Activities by fund type
Unrestricted
funds
Restricted
funds
Total 2024
£
£
£
Raising Funds
72,968
17,614
90,582
Charitable activities
1,379,357
96,285
1,475,642
Governance costs
38,622
2,611
41,233
1,490,947
116,510
1,607,457		 2024
£
397,547
38,095
19,841
45,154
18,271
51,710
25,084
64,502
660,204
Restricted
funds
Total 2024		 2023
£
392,088
36,484

18,892
49,105
13,317
72,673
21,490
60,151
664,200
2023
£
£
£
72,968
17,614
90,582
1,379,357
96,285
1,475,642
38,622
2,611
41,233		 £
78,619
1,526,527
39,995
1,490,947
116,510
1,607,457		 1,645,141

22

CHRISTIAN MEDICAL FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Cost
At 1 January 2024
Additions
Disposals
Reclassification
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
Depreciation on disposals
Reclassification
At 31 December 2024
Net book value
At 31 December 2024
At 1 January 2024		 Freehold
property
Other
assets
Total
£
£
£
1,627,691
350,778
1,978,469
-
6,995
6,995
-
-
-
-
-
-
1,627,691
357,773
1,985,464
300,797
323,737
624,534
18,156
6,928
25,084
-
-
-
-
-
-
318,953
330,665
649,618
1,308,738
27,108
1,335,846
1,326,894
27,041
1,353,935

All tangible fixed assets of the charity are used directly for charitable purposes.

6. FIXED ASSET INVESTMENT

Freehold investment property
Valuation
Accumulated depreciation
Revaluation in year
at 31 December		 2024
2023
£
£
910,000
910,000
-
-
910,000
910,000
-
-
910,000
910,000

The freehold property was partly reclassified as an investment property at 31 December 2016, to reflect 20% of the rateable floor area being rented to tenants. This portion of the building has been revalued. The remainder is carried at historic cost. The revaluation was carried out by Jeremy Mussett BSC (Hons) MRICS of Alexander Reece Thomson at 14 December 2016, and was based on Market Value as defined in RICS professional standards 2014. The Trustees have reviewed the valuation and consider that there has been no material change during 2024.

7 EMPLOYEES

Average number of persons employed during the year
Salaries
Social security costs
Other pension costs		 2024
2023
Number
Number
26
29
2024
2023
£
£
806,210
820,137
73,831
74,584
79,131
81,977
959,172
976,698

One employee was paid at a rate of £70,000-£80,000, and one at £60,000-£70,000 in 2024. (2023: one at £70,000-£80,000)

£27,901 (2023: £10,032) was paid in contributions to a defined contribution pension scheme for these employees.

No member of the Board of Trustees received any remuneration during the year.

Aggregate employee benefits of the key management personnel listed on page 1 were £294,278 (2023: £255,570).

23

CHRISTIAN MEDICAL FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

8. NET INCOME

NET INCOME
This is stated after charging
Audit fee
Auditor's remuneration: management accounts
Depreciation		 2024
2023
£
£
7,200
6,840
5,040
-
25,084
27,693

9. DEBTORS

DEBTORS
Gift Aid receivable
Prepayments
Other debtors		 2024
2023
£
£
28,422
42,955
55,962
58,545
803,305
47,670
887,689 149,170

10. CREDITORS: Amounts falling due within one year

Mortgage
Other creditors
Accruals
Holiday pay accrual
Deferred income - 2025 conference
Interest Free loans		 2024
2023
£
£
12,885
11,853
58,398
51,391
12,114
25,163
54,845
50,998
24,221
33,503
-
-
162,463
172,908

11. CREDITORS: Amounts falling due after one year

Mortgage 2024
2023
£
£
252,644
265,980
252,644
265,980

The mortgage is repayable in monthly instalments over the term of 20 years ending in 2037. Interest is payable at 2.25% over the base rate.

The amount payable by instalments in more than five years is £190,694

The mortgage is secured on the freehold property.

24

CHRISTIAN MEDICAL FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

**12 ** MOVEMENT IN FUNDS
. Balance at
1 January
2024		 Income Revaluation Expenditure Transfers Balance at 31
December 2024
Unrestricted Funds £ £ £ £ £
General Fund 104,207 1,358,948 - (1,441,687) 107,013 128,481
Graduate regional funds 28,806 5,107 - (3,954) - 29,959
Development Fund - 19,995 - - (19,995) -
133,013 1,384,050 - (1,445,641) 87,018 158,440
Designated Funds
Property fund 1,959,061 - - (37,997) 32,145 1,953,209
Lavinia Croxon Memorial Fund income 7,309 - - (7,309) - -
Legacies - 817,597 - - (117,597) 700,000
Capital fund (unrestricted) - 1,566 - - (1,566) -
1,966,370 819,163 - (45,306) (87,018) 2,653,209
Total unrestricted funds 2,099,383 2,203,213 - (1,490,947) - 2,811,649
Restricted Funds
Founders' scholarship 6,711 - - - - 6,711
Student international scholarships 5,266 - - - - 5,266
Student Ministries - 33,027 - (33,027) - -
Staff support 23,734 5,672 - (5,595) - 23,811
Project support 52,467 26,392 - (19,077) - 59,782
Saline Solution 6,495 - - (1,141) - 5,354
Scottish nurses fund 2,746 - - (400) - 2,346
Medical schools 13,452 1,489 - (1,929) - 13,012
Graduate Ministries - 6,521 - (6,521) - -
International Ministries - 33,430 - (33,430) - -
Graduate Nurses Ministry - 5,095 - (5,095) - -
Volunteer Ministry Fund - 1,157 (1,157)
Communications & Public Policy - 5,680 - (5,680) - -
Conference room facilities 5,825 3,000 - (767) - 8,058
Overseas restricted funds 8,500 - - - - 8,500
Restricted legacy - - - - - -
Total restricted funds 125,196 121,463 - (113,819) - 132,840
Endowment Fund
Lavinia Croxon Memorial Fund 28,918 - - (2,691) - 26,227
Total funds 2,253,497 2,324,676 - (1,607,457) - 2,970,716

25

CHRISTIAN MEDICAL FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

12 MOVEMENT IN FUNDS (Continued)

MOVEMENT IN FUNDS (Continued)
Balance at Balance at 31
1 January Income **Revaluation ** Expenditure Transfers December
2023 2023
Unrestricted Funds £ £ £ £ £
General Fund 238,285 1,294,262 - (1,460,675) 32,335 104,207
Graduate regional funds 27,693 3,783 - (2,670) - 28,806
Development Fund - 18,504 - - (18,504) -
265,978 1,316,549 - (1,463,345) 13,831 133,013
Designated Funds
Property fund 1,966,057 - - (37,046) 30,050 1,959,061
Lavinia Croxon Memorial Fund income 7,309 - - - - 7,309
Legacies - 42,337 - - (42,337) -
Capital fund (unrestricted) - 1,544 - - (1,544) -
1,973,366 43,881 - (37,046) (13,831) 1,966,370
Total unrestricted funds 2,239,344 1,360,430 - (1,500,391) - 2,099,383
Restricted Funds
Founders' scholarship 6,711 - - - - 6,711
Student international scholarships 5,266 - - - - 5,266
Student Ministries - 19,331 - (19,331) - -
Regional staff workers 18,537 11,460 - (6,263) - 23,734
Project Support 68,462 31,541 - (47,536) - 52,467
Saline Solution 7,011 - - (516) - 6,495
Scottish nurses fund 3,225 - - (479) - 2,746
Medical schools 10,849 3,808 - (1,205) - 13,452
Graduate Ministries - 13,547 - (13,547) - -
International Ministries - 34,323 - (34,323) - -
Graduate Nurses Ministry - 5,091 - (5,091) - -
Volunteer ministry fund - 3,863 - (3,863) - -
Communications & Public Policy - 6,049 - (6,049) - -
Conference room facilities 10,633 1,739 - (6,547) - 5,825
Overseas restricted fund 8,500 - - - - 8,500
Restricted legacy - - - - - -
Total restricted funds 139,194 130,752 - (144,750) - 125,196
Endowment Fund
Lavinia Croxon Memorial Fund 28,918 - - - 28,918
Total funds 2,407,456 1,491,182 - (1,645,141) - 2,253,497

Graduate regional Funds cover funds held by local and regional CMF groups.

The Development Fund comprises amounts given in response to a previous appeal for funds to develop the ministry of CMF. At the end of each year the amounts are transferred to the General fund, as the trustees believe there is little information value in continuing to show the Development fund as a designated fund.

During 2014 a Property Fund was established within Designated Funds with the purpose of readily identifying the value of CMF's net interest in Johnson House (6 to 8 Marshalsea Road, London SE1 1HL).The value of the fund is given by the net book value of the freehold property, reduced by the mortgage and other associated funding.

The Trustees have agreed to retain funds from legacies in a designated fund following receipt of a sizeable legacy in 2024, to enable clearer management of the resources.

The income arising from the investment of the capital of the Lavinia Croxon fund can be used at the discretion of the Board of Trustees. This has been used historically to support specific missionaries in particular need and to contribute to the costs of the residential Developing Health Course.

The Founders’ Scholarship fund is for study and research to further the aims of the charity.

Student International Scholarships support international students and juniors to attend the annual students and juniors conferences in the UK. In addition, this fund includes support for specific international conferences held overseas, and all the finances of the summer teams.

Within the Student International funds are balances which were donated in previous years to support activities which did not require all the funds donated and are not recurring.

The Student Ministries fund covers the general student ministry activity, including the annual national students conference.

CHRISTIAN MEDICAL FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

26

12. MOVEMENT in FUNDS (continued)

Staff support fund covers amounts given for the support of specific staff members or roles. Within these funds are balances which were donated in previous years to support CMF staff as regional workers in regional roles where CMF does not currently employ anyone.

Project support covers funds donated towards the costs of the work of some specific activities or members of staff

Saline Solution covers funds donated to support the development of the Saline Solution course, which offers training in how to share Christian faith as a health professional.

The Scottish nurses fund covers a donation from CNMA in Glasgow, given towards developing CMF's work among nurses in Scotland.

The Graduates Ministries fund covers the general graduate ministry activity with qualified doctors.

The International Ministries restricted fund receives all the specific donations for this ministry.

The Graduate Nurses restricted fund receives all the specific donations for this ministry.

The Volunteer ministries fund receives all specific donations for the National Field Director and the regional and office based teams of volunteers.

The Communications & Public Policy fund is to support the publications and public policy activities of the charity. The Publications Committee supervises the publications. The fund includes both restricted and unrestricted resources, but the Board of Trustees prefers to show the whole fund as restricted.

The Conference room facilities fund represents the value of a gift which was given to make improvements to the Conference room at Johnson House. It is reduced each year by the amount of depreciation charged in respect of these improvements

Overseas Restricted Fund covers donations received to support Christian medical students visiting and working at Laigadh Hospital in Nepal (£5,000) and a legacy to be used for overseas nurses taking courses in the UK.

13 ANALYSIS OF NET ASSETS BY FUND

Tangible fixed assets
Net current assets
Long term liabilities
Total
Tangible fixed assets
Net Current assets
Long term liabilities		 General Funds
Designated
Funds
Restricted
Funds
Endowment
Funds
2024
£
£
£
£
£
19,050
2,218,738
8,058
-
2,245,846
139,390
687,115
124,782
26,227
977,514
-
(252,644)
-
-
(252,644)
158,440
2,653,209
132,840
26,227
2,970,716
2023
£
£
£
£
£
21,216
2,236,894
5,825
-
2,263,935
111,797
(4,544)
119,371
28,918
255,542
-
(265,980)
-
-
(265,980)
133,013
1,966,370
125,196
28,918
2,253,497

14. PENSION COSTS

From October 2015, the charity has operated a money purchase group pension plan which is auto-enrolment compliant. The Charity contributes an amount equal to 10% of gross salary. Employees normally contribute 5% of gross salary but may vary this amount if desired.

Prior to 1 October 2015,the charity operated a money purchase group stakeholder pension plan to provide pension benefits for qualifying employees who elected to join the scheme. Under this scheme the charity contributed an amount equal to 10% of gross salary subject to the employee contributing an amount of at least 5% of gross salary.

Independent professional advice about pension arrangements is provided by Wingate Benefit Solutions.

Tax reliefs are available to the employee for contributions of £3,600 or 100% of their salary, whichever is greater, subject to an annual allowance of £60,000 for the year 2023/4.

The lifetime allowance on a pension fund was £1,073,100 above which a tax charge would apply in 2022/3. This allowance has since been abolished. The charity's liability under the plan is limited to the on-going contributions.The total pension contributions for the year amount to £75,700 (2023: £81,977).

CHRISTIAN MEDICAL FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

27

15. RELATED PARTIES

During the year a total of £9,540 (2023: £7,960) was donated from members of the Board of Trustees towards the existing activities of the charity.

Travel expenses of £1,207 were paid to a total of six trustees in 2024 (2023: £973)

During the year CMF continued a partnership begun in 2020 with Integritas Healthcare to deliver a specialist training track on Health and Justice. The partnership involves some sharing of resources and information between the two organisations. The CEO of CMF is a director of Integritas Healthcare and the CEO's wife is the Medical Director of Integritas Healthcare. Day to day decision making regarding this relationship is led by the CMF Head of Doctors Ministries. CMF is a member of ICMDA (International Christian Medical and Dental Association) and paid a membership subscription of £23,933. Howard Lyons is a Trustee of both orgnisations

16. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
Net movement in funds
Add back depreciation charge
Deduct revaluation increase
Deduct interest income
Decrease (increase) in stock
Decrease (increase) in debtors
Increase (decrease) in creditors
Net cash provided by / (used in)
operating activities		 2024
£
717,219
25,084
-
(5,836)
2,809
(738,519)
(11,477)
(10,720)		 2023
£
(153,959)
27,693
-
(4,265)
(203)
(30,474)
27,427
(133,781)

17. TAXATION

The charity is registered with the Charity Commission and is exempt from income tax and corporation tax in respect of income and capital gains in accordance with Part 10 of the Income Tax Act 2007 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied exclusively for charitable purposes.

18. OPERATING LEASES

The total future minimum payments under non-cancellable operating leases are payable:

Within one year
After one year but within five years
Lease expense in year		 2024
£
2,751
3,707
6,458
2024
£
2,331		 2023
£
1,071
2,678
3,749
2023
£
803