REGISTERED COMPANY NUMBER: 06959615 IEngl*)d and Wales) REGISTERED CHARiff NUMBER: 1133337 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR THE CHRISTADELPHIAN MEAL A DAY FUND
THE CHRISTADELPHIAN MEAL A DAY FUND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Report of th• Tru$ts•$ R•port of th• Ind•p•nd•nt Auithtors 8 to 11 St•tsThwnt of FlnancSal Act68 12 8alance She•t 13 Cash Flow Statement 14 Notès to th• Gash Flow St*m•nt 15 Not•s to th• Flnanclal Stat•mÈnts 16 to 26
THE CHRISTADELPHIAN MEAL A DAY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The tw8e$. vtho are also dwectcKs of Ihe thaiity tor Ihe poseS of the kt 2CK)6. present their rept with the finar181 ststements ol the ch&ity for year end 31 tlecember 2023. The Iwstees have ad¢)pled the provisvjns of Accourbling Reporfing by Chaiili8s'. StstÈmnt of Rect)mmÈndÈd Pryackn 4)l1(ale to charities preparij thelr accounts in accordance wth the Fw)an(>al Standard app) in IhÈ UK arhy Repubk¢ of Ireland IFRS 1021 leffecbve 1 January 20191. OBJECTIVES AND ACTMTES Mlsslon statem•nt 'Our intent is. as a Practic wilnèss to fath. to sharo tl tlesstys we recwve frcrfn GcJ wth those vkno are kn real need kn the less developed parts gf fv w¢ykl'. Ch¥lty's obJ•etl¥•s We to laciltste pers31 and cxjmmunty suslaYb1e. dchbTrtOvearlh Ictal wciects whlch". - help to relieve the ef18cts of hurKJér, disèasè. th"sabilty. deSbtutW arwj hnene$s. . promot¢ agricutture. clean water. bas Ialthcare educat. . encourage sharing, leaFrMry arKI seTrice lo others oThnunty de¥ety. Conseouèntty. focus on U rèlisf of need of the lnh8brtts of developi wodd cjntrles and fomr inhatmtants of suth ¢ountrigs. Chjr obledeS we rhot wmed at suppoitir¥J in enwency and di8asT relief situattons or d)e dtyect itness lo our laith. but liwse wih oiher ChariLs inc1l.ng th8 Christadelplman Samaritan FUNI ant1 the ChristsdèlplNan 8ib Mi85ion.vknKh are resFth hjcussed these areas. Prfndpal ar•as ofwork The thanly's current to$ is prwnwty C EIWemJ, t(taltryfftnaged da¥elopmtt wolecls In Afrlra. W8 8180 work irh Europe and the Middb East and he¥) 4ewate [ety suffered by imm¥rants nto Europe. In total w8 hav8 SWJPOrt•d pmleets in 10 count$ in 2023. In Afr. the charity has threctly sjppcrted". - six s¢hools. two of which Kgve boarding as one is predomi fcf disatd8d children aThJ another for vulnèrdble ehik1ren.' - 14 eady chlld devèloKM1rt prraMIlS fOr[SdJ chihkni,. 13 athlt litefacy el8sstt'. - tsyo Ghil¢Jr9n's hornes. one ofvknth ¢rAwd iih aTh)ther thanty. in Aclion; - two school leeding prtyJrdmmes'. -ts¥o prJrnmeS for let$Y and TB c(xrffiwty wpNt: - onè pmgr8mmè to support vulnerable slreel kKIs: -t8 cèntrè for disablod ¢hlldren (reopej 2022}; 1 - matemty clinic. The trust8es do not have or seek lo exerc4se control over Prci as this kes kncal boards or partn Separ. independ9rrt Christadelphi8n a Day ICM8DI tharibe5 cwate kn Australia (covering Asia aThJ Pacllkl and Ihe USA {covering Can•Ja. Wlh arKJ s Arneric8 and the C¥*)beanl. wlh y have fijl and open worting latK>nships. Prlnclpal lundlng sourc•s chanty operates a$ a fvnd raisgr in the UK where wt pre(knrm8nty reCe donats from memrS of thg Chrisladel)hran ¢hur. Publle B•Mflt The truslees have ml8rr8d to lh8 inknnatth in Ihe Chanty C(Mnmrsscffl's general gdance on publlc benefits when reviewing the charitys aims and objedNe8. The Iruslees look to assess Ihat projects comply wth our objeciiv8S. are suslaina)le and delbver l(w term benefits to thal cLrfnmnth$ and operate sen&ts"vdy in their culture and cMt8xt. Th8 projects supporl8d by charity arè open to 811 nberS of ihe local cornmunty Ithere the project is sluated. provided they meet the n¢8d tria. KlomlMshw of Ihe Chrlad.8n Corrnty is never any kind of prerequisile. pe1
THE CHRISTAOELPHIAN MEAL A DAY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 ACHIEVEMENT ANO PERFORMANCE Charltable actlv5tles The charity buitt up healthy unrestriejed funts tty strixvJ 4Kome and ul10vS expidliur8 during th8 COVltk19 riod. At 31 Decembef 2021. these amotht6d to £862.672. allowiNJ us to svJnifi(%ntly incrèasè grants in 2022. which brou1 th)wn our unrestii¢ted reseTh¢s at 31 0Mber 2022 19 £780,108. T$8 fund5 ar¥1 ptga%rvJ levgls of (k)natiorts has enabled charity to suwjort our exislnJ arN1 SO proie¢ls as trbey face very hh inflationary wsl InrJè8sas i) exjuntry to make capi81 invegtrnent in s¢yr proj. The Gharity has cornmitted fulure grwl of £848.3151£1.044.5821 lo a raThJe of projects in 10 countries. This is down on levels granted in 2022. Our vweslricle(I re5eryes at 31 December 2023 ale sb'll heathy al £663.782. We analysè ran1 expenditure in a numterofways. CryaralTrS for 2022 a shown brackets where available. y our obJectlve$'. Fee¢JThJ and water YOJts account ts 37% {3). Horr. orphanw and edwaticffl 41%135%1: and Medical, hygne and comiunity seN-help prity 22%12). By thè natur• of exp•ndltuw•.' Operating cosls 76% (72%): Cawta wweslment 23% (25%) and Repairand maintenance 1%{Al. y country.. Kenya {53%1', Sierra Leor 10% {12%1: Came 8%(1,. Ghana 5% 16%) with Ihe balance of spenc&TrJ in Africa. Europe and the Middle Easl. y partner.. ThrOh one ofojr partner carths 18%129%1 D¥ect lo a local Board of Govemors 82%171%1. y futskre commltment Proleds that rewwe -tem7 ccrtnmitii)&7ts 84%171%): One4Jff projects 16%(21. The tmstees seek lo enwre that of crfKobpctves bm&Jly r8c•iv8s a snwlar Iw81 of support. The Ambassador progrwnme eStrished in 2019 has continued with 100 ambassadots wlstered vkno, using updated presentstions and videos, will eUle that the wort of the charity and oThJoiThJ n8&J remains visitde io our donor community and Ihal they receive regdar I88thk from th ClO$ Ihat 99n8rogty has otwblgd. The Iwstee5 monitor that each Flect functions and cont#7 kn opuate to hlgh slandards of 14)eration, thlld safeguarding. and employment praciice appyjriate to the area and COLmtry c(rfThmed. Teams v¢sited Ceniral and Westem Kenya. Sierra Leonè and LIbla in the year to rèvièw and SUFWIrt sèvèral projècts. Support for Monrovia Academy in Lberia was witfvjrawn 2020 the allarMen1S do rKl yet meet our ¢riteria for remIrj fvndirvJ. The charbty has gJpprMt8d projects nm by 11 partners in 223.. Ashanti. chris11 BlThJ lOn. Clwistine Wthutt Homè Vi%Ung Serwces, Community Outreach Parther TrusL GkJal C, Kanawna Interactive Community Support. K¢nya Rainwater A$Slation, MotNaUon, partts in Educat)n. for Self-Re5iance and "z2 KSds United. Woring th partners enables the charity to achie ils obpctives C a scae wilh rlsk managing funding directty. We are very prileged to be able to dectlY supw1 way over 6,100 athjlts * 10.800 ¢hildren aThJ provide funds for over 985.000 meals a year. In addikn(M), throLJ) ow charfty partners. we help s)0rt a fLther 6,600 adutts and 6,100 children. More Informatic about Proj suw(Yl¢d by Ihe FurKI. iun9 ¥thNed ncwsI¢lt$. L found on Ihe tharity's web &te - www.meal-&day.org P898 2
THE CHRISTADELPHIAN MEAL A DAY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 AcHIEvEPNT AND PERFORMANCE Report5 to ihe Charlty Comm5sslon After the period covered by these financial statements. in February %)24, thartty was Th)iifi8d of allegatnS of sèx1 abuse of chIdn at one of the projects that fund in Kenya. In k8èpiThJ wilh thè lcY ol thè charity and the law in Kenya, Ihese allwJab"on$ have been rerted to the Ken ¢Id Welfare authorities. We have asked ihe 8o¥d of Marbagement of the pmject lo ensure those accused no kM¥Jer have sS to chldren. As these allegations have not been substantiated, have not named thè wJi8cL Wè c¢ to dtrvek)pments closely. Our overridiNJ conc8m is for wÈifarÈ of thddr8n. W¢ have previou$ty reported Ihat based rgwxts in ewty 2020. ts charity wa5 mad¢ aware of ¢orKems that fvnds were bng misappropriated by Magerne at Monrovia Academy. Liberia. This lo a loss of trust and eonffiden¢e in management. arhj the inJsiee5 derided not to fvnd the School til a vigt aThJ full investigab'on was pos&ble. TIMS took place in 223 and 58dty confinned that ts bget provided for fee(ling had not bèèn used lor Ihal purty)Sg. As 8 (x)nsequew. no further fung be considered until the prr4ecl has management in whom the trustees have confthnce. The Charity cornmissh has been updated. As stewards of dtsrk)rs' funds and as a maller of govemarKe. the tn(81ees and mefflbers of management committee segk tr• idenlfy key learr•ngs frryn veStIga3 ariswwJ from whisll&blowers, to ensure that processes are thanged lo minimise the risk of recccurtence. However. it should be 2thedged thal all such risk cannot be complelety removed. FINANCIAL REVIEW Flnancial review The trustees consder the fThncial perfo to be satisfactory. They have in place key finala1 PoeS. undertake appropriate risk assessments and have mcfflthty aCcnts lo ensure apkwwiate tlmely management information Is availae. Income wa5 £729.785. 21% 20221£923.537}. In a frjrfher yeaf lor our dc01$, regular donations from individuals thurches were down 7% al £584.818 12022 - £630.723). %th"ch was itself 7% down on 2021 1£681,727). One-off donatKJns, such as le9x and prcte&Js frcrfn Cats1 anUn1ed to £144.967. which was half of that rwEived in 20221£292.7541. We are very graleful lor One (hJnatKrts. wlich enatsk us to ld on&off (r catmlal Fyojects. Regular income is a key measure for us as it is this that fijnds Ihe lonteM1 voi. Budget constraints would te required shoukl regular incow frequenuy fall below annual h)ng-tenn project costs. In 2023. rUL91 irm was 85% of gwts made to long4erm project grants. down from 90% in 2022. In Novwrtw each year, the irustees carefulty con&d8r regular income I81s. the value of unreslricted lunds aThJ needs of the prclects befo alkxatwwJ gts for the followng year. Trustees made commitments lo bng-temi projects for 2024 amouitng to £662.840 lduded £62,205 of capilal inveslmenl. Crown City 8nd Lela. regulw irKryne recw&Y in 2023 cover&J of total C(MImentS made to hJThJ-tem) projects in November and 97% of theiroperabng costs. Total expenditwe, indthJiThJ project expeThthiure th5(JJss at. was £848,579121Y22 - £1,028,637) after exch gains of £49.46312022 - £41,115). Investment gain amounted to £212022 -1£21). The total reserves decreased by thè def1t in the year of £118.7¥2 12022 d8ftil - £105.102} 10 £667.456. Of this £3.674 arè r8strict8d funds for scl projects. Project explture relates to comitments made lo woiects in any orE year. the funds often sent in the folowng year. More infom)at)n is avaAatle in Note 10 to the accounts. Expenditure raising funds direct costs 9ovemance costs is carefully controlled and amounted to 6.8% of donalions and legacy COMe. This is hither lh the 2.7% in 2022 and 1.2% ) 2021 to Ihe impxt of covJ and ihe in8b.lity to travel lo visit projects. A h•Jh number of prc4ect y11S were m•Je in 2023. Overall, 6.8% reflects thal much of the WO ol the Chlty bs undertak8n by volunt8ets and thal it do8s not incw signikant costs k) fundfasiThJ. Treasury pollcy It is the F¥)licy ol the charity lo caretulty mOnOr and exFosure to fcwn exchavJe movements, ensure suffioent cash is availab lor short-lemi needs and place a¢lital fthds to gan a retum commensurat8 With the risk. The charity has appointed banks and a CUrr¢Y pmvider lo pmied the charity ajainsl thè rtsk of any fuiurè unilateral wilhdrawal of bankiThJ arTarrtJements and keep tse eT V. PwJ8 3
THE CHRISTAOELPHIAN MEAL A DAY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW Roserv•$ poli¢y The trustees are aware of the vwi&)le nature of its vdunlary (lonated the escalaliro costs of food and labcwjr in our projects in AfrrA. Consequently. as explained above. they seek to balance projects thal are one-off and those long-lefm projects that Pfesert an ongoirg anCIal obkgation and ensure that the reserves are adequate to manag8 a decline in income. Al 31 December 2023. our reseryes equate to 12.3 months12022 - 14.4 monlhsl of 0rat¥r9 COSt$ for our long-lem) and cash and forwwd conlracts e[le to 22.4 Thonihs wver. The tr4tst¢e$ a conlenl wlh this level of cover. Induded In the total fund balare as at 31 Oecerthr 223 is £3.674 12022 - £6.140} h81d in restricted fvN1s. representi resln.cted donab.S rgwed, passed on by the twstees lo appropri8te projects that accord ith the stated wishes of the donor and V•ith Ihe awns awKI oii'eGtNes of the tharity. The balance of the funds at 31 Decemb8f 2023 of £663,782 are Ireè, r8s8rNes aThl are avadatA• lo used by tt ¢Wee$ For projects nwtiry the aths aThJ ot1"tiVeS of th& chwty. G¢ing con¢rn AS at 31 M8rch 2024. Ihe ch81ity h88 cash b8lan¢es of £1237K. of vhKh £454K is alocated to approved pro1. Incom8 for thè ffirst quartèr of 2024 vrds £213K, ofwhich r18 I)rne is 1.9% hJher than the same perkxl in 2023. On this basis, the trustees have conciud8(J thal rt is reawnaNe lo asswne that the charity continue lo operdle and meel its liabile5 as they fall due for at 951 the 12 monlhs ihe dale of q)proval of these ffinawal siatements and theTrforo that the going cCern bags f¢y epad of the fwwKial sernents is 4¥Yopriate. PLANS FOR 2024 AND BEYOND The tnjslees have reviewed the future OPFQrturwbes chaler¥Jes of the dlarity hwe rolled forward the ambitions in the 2W23 Business Plan. They have confftm Ihal the Oblb¥e$ are stil renI and set the folowng ambitlcffis to.. . Grow our impact - Improve ow UThJerStandi ot Ihe hten benefts of projects and be able to fijnd even more - A¢t jusly. suStinaY 8 efficienUy- key iiths and leam to be sustainatle" . Slimale faith and eTraeMent. Raise awareness ofour txoieds anKryst wrChYtstadeWian community. The irustees wll seek to mainlain inrKthe rk ch)sety with hxal woiect boards Ntho providè essential benefits to their cmltI3. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlnq do¢ument The Christadelphian Meal A Day Fund is a (xmpary kmited by gwrantee. as defind by Ihe Cwanies Acl 2tMJ6, and a registered charity govemed by ils MemorandLTh aThJ tides of Associalion. Charity number. 1133337. Company number.. 06959615 (England and Wales). maxinum ccrtibutK¥) qUired by wnerwthrs of the company is an amount nol exceedin9 £1 in the event of the CCpanY bery nd up. Under the Memrandum and ArtiCS of Assoclation, any SUTplus of assets over liabilits on winth"ng-ip camot, under any circumslancss, be distributed to Ihè Irustees, but shall be given or transferred to some otr charty or ¢hanti8s with simlar objth lo thosts of Tho Christadolphian Moal A Day Fund. The tharitable company ir)r[t on 11 JLfy 2009 and comm811 tradlng on the samè date. Go¥eman¢e and ma)ag•ment The truslees and other members ol the management ())Mee lea(krship. finan¢KI1. strategic, govem8rKe, communication and Olational skills and exn•e tr) thè d)arity. cApablty and capacity of the martagèmènt committee and succession plTry) for key mles is k¢rt revth¥. The trust88s and man&J8ment commlltee mat limès wi 2023. BetVEen these meetirys. an executive committee consistiThJ of six trLtslé8s cc•Jucts thè bu&ness of charity vAthwi eAtsin d8leg8tèd authoriliès aNJ dèarfy dèfined management ponsIbIli"eS. It h45 f1thl Ihe Ctrwity Governm updated 2020. The tharity eng89&8 $twialisi advsers fr(n tirne to time in th8 UK lo a&sst it its irties. Truste8s and of thè man896mènt IXMnmitt8è or pérsona finweial benefit from the harity what)¢v¢r. Tr Ghawity itself has Wl89&.
THE CHRISTADELPHIAN MEAL A DAY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE. GOVERNANCE AND PAANAGEPAENT Recrultment and appolniment ol new Irust•es Fomial policiès 8nd prttedures have been ad(Wd for Il ind1 and Irari of tW5tees ar¥J m8nagemenl committee memb8ts. A brièf rèJme of thè rAnthdatÉ rs tyrcuted to all existing managemènt ¢0mMé8 mèrnbers for their consideralign. T%w exi51ing tnernbers cOnCl a propety slnjclured intwview V+ilh candidates. 11 the members are in agreement, the candidate is invite(I lo atterKI or three meebrKJs lor a probalH)nary period lo faff¥'karise Ihernselves ith thé wothNJs of the ch8wity. Where possible and prthl. overseas ?liS to Fwjects are encouraged to galn first-hand èxp8riènrA. Prlnclpal rbk$ and uncerta1n•S As part of the bUsiness-plann¥ process. Ihe memkn of the (xthmiltg¢ waluated the major risks of the charity and recognise that the project& - Interact with vUlnerae people vtho cOd be exposed to atrwJse'. - Rely on local boards to maiage swJnificant aMc¥t$ of luThY$ with inl89rity skils may need SUPkX)rt arn1 devdoprnent- . Need to operale 1th1n hjcal I a1 stroth YeguLqted (tsity sectr in Ihe UK. The mernters of the managemeni ccrfnmittee conlinuaty rèvivw a coMy8h.v8 rwJist•r of strat89ic, ffinancial and operalional risks have established resFK)nsibih"b"es. SysteTh and procleS lo manage Ihesp. Our CompAiance Direclor operates as a non-execulive and provK1e$ ¢halkwy lo wr pYoce5ses. risk marwement and controls. The management coTrwnitiee rNmally s88ks to rK8ks by vitiro m8i( ory)ing pmiects r8gular1y and by obtaining quality fina101 an¢J opgrthnal fee(wk fr(xn al projects and partners. Training and mentoring is gNen lo local boards of govemors where approwiat¢ aNJ we seek to enwrB the 5UPtxMts PToieds run by 6Uitabty qualified people and partners. These significant pulational risks. %thilst not bwng awe lo be eMI1818d. are ¢arefulty Mag•d and the management committee seeks to mainlan ts hvJhest of the prot8¢Ii¢)n of our project beneficie5 d our roputation. Appf•clatlon The woth of the chanty not w55iL ithThrt v¢Auntew5. and the w(wk of al the managgrnent committee. members tho ffinance is much apreoaW. REFERENCE AND ADMINISTRATIVE DETAILS R¢glstered Company numb•T 0695961 S IEngland and Wales) R•glst•r•d Ch¥iiy numb•r 1133337 R•glst•r•d offlc• 818urton Road Oert)yshife DE1 1TJ
THE CHRISTADELPHIAN MEAL A DAY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Tru5tses The merrfjers ofthe m8n•)ernenl comnwttee seryw¥J thriro ihe year and swKe the yew end are as follows: Trustees R Bezant R Churchill J Dale S Daan MEa M Ford C Lawrence P L8wrencè T Routkdgè R Walker S Walker L Whilehom TreaJr Chaiman Company Sécrelary Charlty MMlS A Brooker E Brooker MDeWitt E Huckauf C Kgnl S Kent I Perryrnan B Walkèr The ¢omp8nVs Art¢les roqvire Ihat Wre Shthdd be rK4 less ihree and Tr)t than fifteen j¢e$. New Irustees and rnernbers ol the management c(Nnmittee we appynled by approval ol ihe trustees after an open recruitment prwe$$, inter¥i¢w and attend{% at tm) trustee ITtY. The day.ItHl8y respon$iblty for thé marwJt of the chlty is delegaj to Ihe executwe comrnittee. momr8 There ar8 currenty 43 m)blS of the dwity WIK) are appted by the tnjslees and have the right, amoryst others, to atténd and Votè at th8 antmjal gÈnw n*ebrbJ aw¥il Iwslees. CoMnY S•¢rotsry S Dean Audltors Jghnson Tidsall Limrted Chartered Accountants & Stslutory Auditor 81 8urton Road Dertjy De¢by$hi DE1 1TJ Page 6
THE CHRISTADELPHIAN MEAL A DAY FUI4D REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENT OF TRUSIEEV RESPONSIBIUTES The Iwstees ¥r also the 4JitclN5 ofThe Me41 A Day Fund lor the FKWPOW of ¢ompw lawl T•stx)nsble for wepamg the Report of the fmst•o$ Ind Ihe financial Slatem in 4(rordartt wilh appWil¢ law and Uniled Kingthm Pcounting StsndaThJ5 IUnit•d A{n9 Pthe1. y I•(•qUMS tho truthe$ finanoal loreath finartiwl y•¥ Ihal w a true and fair¥iwwof the $e of affairs of the dritate o)mpw and ol the incxNMy rtsources and wlc81in?n of rnsourre5. induding th• am fwired lo." obs•rye the Ththods ar in the Chaffly SORP: m#%e judgements and e¥bmai•$ thal •r• fvasonabkn artd the finanrAal slatements on the bAsis te$S it Io thal th• chathable )rrpany ts)ntinue in t•J$i$s. tho firtanoal F<Jsthon of the dwilatdè ctynpany b) en them lo ensure thal the fift¢1 slatements comth ilh th• CryTpans Act 2(4J6. They we also m$pbI9 for Safa(l9 ofthe tharitabl• corrpary and hence for In so faras tr¢ tnffjlees are there is no Y•l¢v•nt autht inlofftli)n the arn nd . lh? IN8tees have ln al steps •t •vrf ouort b) lak•n of ary r•le¥anl a1 Informaticth aThJ to estat4ish Ihatth• authtm ¥e oflwl ?.1...M...... 202 •ThJ sy*d on its behaWty'. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE CHRISTADELPHIAN MEAL A DAY FUND OplrTlon We have audited ¢he financial staternents of The Chistadtsan Meal A Day F1 (the 'charille company'l for Ihe year ended 31 December 2023, vknich comprise the Stalement of Financial ACvitIeS, the Balance Sheet, the Cash Flcw Stalement and notes to the financial statements, MxlLKliThJ a sunmary of gn1ftarrt accnLmting policies. The finanaal reporting Iramework ihat has been aPled in thew preparation is aFvkable law and United KiNJJm Accounting Standards (United Kingdom Generally fvLceFtsJ Acc(MJntry Prth). In OLK OPAlh?n the financial statemenls.. give a true fair vlew ol ts state of the thitab ccxry)s affairs as at 31 EIr 2023 and of its IncomIj resources and appl'cation of Sourc6s. indudhYJ Is IncMe expenditiJr8. for the year Ihen ended., have been properfy pmpared in aCtènce vthh Unrted GelaIY Accepted AccoJnling Practice: and . have been Fwepargj in a{th rwyirwT of1 Ccthwies Act 2006. 8a81s for oplnlon Wa conducted our audt In acx)fdancÈ Ibith Intémation81 Sdts on A11) IUK) IISAS IUKII 8nd aptAbI•law. Our fespor15ibiliti8s under Ihosg stsndard$ are fvrth8r d8scriW in the AudrttMs' r8Sw)nstMtie$ for audit of th8 financial staternenls seclion of our report. We we ndepenoknl of tharitable ¢x)mpany in cordnCe vthh the ethical rewiremonts that are relewanl lo our auitil of the finaroal staterTwls in the UK. irKJudiny the FRtrs ElhKal Stsndard, 8nd w8 havo hAfil8d (Mjr other eth responsbdits in x(YdarKe {h iheso requirèments. We b8li$vè that the 8udil evIdt& wè ha obt8inÈd is sufficiènt 8ppropriate lo wovidÈ a basis for opinion. Conclu•lons rel¥tlng to golry Concern In auditin9 the finanoal stalwDents, have COr1dj thal the trLths' Use ofthe conwn basis ol aCting in th8 prèparation of Ihé finafick sl8lements is apwopriate. 83sed on Ihe work we have perforned. we have Thjt any material LwKertaInS Tel81ing lo events or conditbns Ihal, irKlividually or cdlectivety, rnay cast do1 on the charitable cOMp¥S ability lo ¢tinue as a gow ¢orL¢em for a period ofat leasl lpl¥e months from the finarnya State4n are aulhtyised for is$. Our responsiblithes and the reSnsIblties of the tru5tee5 res& to goyu con¢8m are described in the relwant sectK)ns oftt$ report. other Information Th? tnJste8s Arè $ps fo¥ the other 1nfrmmat. The other inbrmath)n comprises Iho infomb'on Ilu&d in Ihe Annual Report. other than the f181 sta1wne and our ReFnrt { the IndBFeThlert Auljit5 th8re(n. Qkjr opinion cffl the finwKial slateThnts does nol cover the thr infornation and. except to the exlent otherwise explicitty in our pt, W8 th) not express any fomi ol assurwKe C(ls1on Ihereon. In wnneclion wilh our audit of Ihe financial staterrwts. our resp(Jnglylity lo read the (ther fonatn and, in doi so, consider vthelher the oiher information is materialy irKonsislenl wlh the thancial slalernenls, our kedge obtained in the audit or (rtherwise wews to be matertty rr¥55tated. If Klenbfy such rnalerial in¢onggterries c apparènt matèrial misstaièments, we arÈ quired lo delemune vknether Ihis givès risè to a matèwial misslatémènt in the fin8w31 ststernenls themSe8s. 11. based the wDrk ¥ have perf01Th. we nclude that there is a matertal misslalemBnt of tris other inft)rmatK>n. we are rpqiire(J to report that f. We have rK)IhiNJ to Tepwt in this ward. Opinlon$ on ¢th•r mattorn &Wt$¢rfbed by the Cornpanles Act 2006 In our opinion. b85gd on the work vrhdertsken in the course of the autht.. the inforrnation given Ihe ReFth of Ihe Tnjstees for fThrwl ypar for whth the finanLYal stslements are ppar1 is Consistent with Ihe fmancial ststements- and the Rert oflhe Trustees ha5 been prepar&Y in xcordance ith a[VIable 1gJal requerrnts. Matters on which we are Tequired to r•port by ¢xceplion In the light ol Ihe knowlethJe and Undelan{ng of the th&itable c4)mpany its environment obtsined the Course of the audit, we have not Klenllrd material ¥sSIaternents in Ihe Rewt ol Ihe Trustees. We h8ve rK>lhir¥J lo reN)rt li fespe¢t of the mattws t•there the C¢pleS Act 20C us to repxirt to ycrtj rf, in OUT Opinn.. adequate accounbry records have been kept or reiums adg]uate fDf our auckl have not been Teceived from br8n¢he$ not vtsiled by us.. or thè financial siatèmants are not in the #¢tcurtirJ record$ •YJ rehlms: or ertain di8closures of trustees. reMuner?n specbfjed by18w are not made.. or we have ww)l TeceNed all the information and explanatn$ rwire forour alit,. or the Iwustees were not entit lo take advanlage of the sm¥1 c(Nnpanies' exernptw from Ihe rerwirernenl lo prepare a Stral8gic Réport or in preparirg ReF(l ol the Trustees. Page 8
REPORT OF THE INDEPENDENT AUOITORS TO THE MEMBERS OF THE CHRISTADELPHIAN MEAL A DAY FUND Re$ponslbS1itles of trustees As explained more fijlly in th8 Stalement of Trttst8es' Respc)%blities, ts tntslees (who are atso the directors of the charitable C¢npanY for tho puw>ses of ¢(xnpany L3wI are reSpOrltIe fc the eparatn of Ihe ffinawal slalements and for beiro sab'sfied that they give a true arKI fair view. and h)r wjch intemal conlrol as the Intstees detemiin is n8cessary to enable the preparation of financial statements ihat are tree from material misstatemenL whether ce to Iraud or erTOr. In preparing the fin11 stslements. Ihe tnAees a responsib for awssing the Charitab c(mpany's ability to conbnue as a going concem, disclosing. as appkable. matters related lo goiry CCe and using the going concem ba8¢5 ol accounting lh8 trust8es eitr Intern1 to IKw*lale the Che company OT to cease operations, or have no realistic altemabve but to $0. P•3e 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE CHRISTADELPHIAN MEAL A DAY FUND Our respons11lItIeS for the audlt of the financlal Stateme Our obie¢lives are to obtain asOnable asgNarKe abwt whether the fwHncial statements as a whole are free from malerial misstatemont, whether to fraud orenor. and lo issue a Reix)rt of the Independent Audiknrs that includès our opinion. Reasonable a$surar is a hi lèvel of asgjrnncè is not a guarantee that an aurfAI conduct8d in accordance wth ISAS IUKI Tr•4ill ahways detect a rnateli mtsststgwwprt wlw it exists. Mi5stat¢ments can arise from frdud ¢N euor and are csleTed matuial W, Wl¥Jua1 or li the a99regate. they ¢{ld reasonably be expected to the economK decisions of users taken the ba%s of these financial statanenls. The extent to [KdUreS are OfttiNj iffagu18rlios. MKbxlirwJ fraud Is detailod belo. Identifyino and assessSn9 Fthtial risks 19(1 to wregularitps. In idèntfying and the risks of m8tpJiob rrMsSl#lerrI in respect of irwul3rib•8. AKI1ft9 fraud and non-1a[W with laws 8niJ reg81$. dered the foknir•J.' -The natwe control environment of the chty .Oui discussions with management and goveffla thether they had of any actual, suspected c all8g8d fraud -The inlgfflal controls to rgate the risks of Irwd As 8 result of these WDcedures, we enti the greatest Wenlial for material fraud to te the khing areas.. -The timing of revenuo re¢tyJi¥t -The misappropriation of overseas fimds by benef•i¥ies -UnusuaS joumal entsies -M8nagemenl override Au(lil Teswnse lo risks identid As a 11 of performir¥J the aiJve. we ilfR the as key a1 matters lated to the polential risk ol matÈrial misststement or fraud.. -The recognition ol donations and legacies -The evalualK)n ( estimates in respect of1gJacies .Thè amounts in reste¢t of overseas avrdrds granted Ihe [$role misuse of Our pK(todurès to r8spthJ to Ihe iisks Njenlifigj Ij&d." -Roviewng controls trtrt in ple by the board of INstees iTrSudirg a revplf of jhr asse5ynent -Reviwng minutes of trustees. meetings -Performing a sarnrA8 of Incon trnwcthjn tests -Reviewing a sample ofjoumal entries for apprcpriateness With a IcS ryl unusual transactions -Perfonning a review of Ihe finalar slalements aoryside thgJc&Ye chL$t8 to identify any uwsual or unexpected r8latKJnships or any artss of non-compliGe -Tésting a sampltt of income debtor5 lo sijbsequent Tenwit3 and carrwTrJ an after date leW of Irome -Tesling 3 samplg of ov8r8983 grants awarded. indLYir¥J a review of prc¥t reports -Oblaining ¢onffirmalK)n of Teceipl of overseas wants paJ -Te$ting a ol grants cre(JitW5 to subseqLWt payment We r8maM)èd alèrt to iThlicaions of fraud. material Mlsstslennt w rJFc1ance laws and regulaticffls throughout the audit including those refabThJ to the knjal statentS Because of Ihe irtherert limitalJns of an li1. Ihere is a fisk that Th)t detect all irregulathes. irlUdIng tkjse lèadirvJ to a rnxtèrial mi$staent in the staiements or n0rpcomFdiar wilh wulatKJn. Th¢s risk increases the more that compliance Wbth a law or regdation is removed from the evenis and transact)ns refiected in the financial statements. as we will be sS IAiety to become awwe ol instwKes ol nonllccmpl¢ance. risk is also greater regardin9 irregularities occurring due to fraud rknr error. as fratyj uwdves rntional conceaknenl, forgery. cdluswjn, rynission or misrepresenlalion. A fvrther d95criplion of our res&(1% for the audit of ihe finanLi* statements 15 localed on the FinanL¥al Reporting Council's website al Wvww.frc.¢Ng.auilOTsresFrfJnwIe$. This descripth)n fvJm)s part of OUT Report of the Independent Auditors. Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE CHRISTADELPHIAN MEAL A DAY FUND U¥• of OUT rop¢rt This rèport is made sdely to Ihe tharitaiAe CornpanS membeT5. as a kyxly. in accordaIe with Chapter 3 of Part 16 of thè Companies A¢1 2006. Ovr audit work has be undertaken so Ihat we m¥Jht stale lo the charitsble companV$ mernlxrs thw mattef5 we are reqd b) slate to them n an •Jthtors' report and for no Olher rpose. To fullest exlenl permitted by law. do not accept or asstwne respLwsiblity to anY(e other than the charitsblè company and t Charit8b companys fflembern as a body. kn cr a•Jit lor this report. or for tr* opinw)n$ ve have f¢)med. David Mg110 Isenior Stslutory AditOrI for arK1 on behall ol Jthnson Tids31 Lwnited Chartered Act(ntants & Statutory Audtrjr 81 Burton Road Dert)y DeYshIre DE1 1TJ 11
THE CHRISTADELPHIAN MEAL A DAY FUND STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Tota funds 2022 Total funds UnStrid Jnds Restr¢ted funts INCOME AND ENDOWMENTS FROM Donations and leg&ies 626.716 85.007 711.723 919.948 Other trading a1115 Invgslrngnl Other irKome 1.657 16.405 1.657 16.405 792 2,737 Total EXPENDITURE ON Raiwng fvnds 2.723 2.723 2,088 Charltabl• a¢tivltie Grdnts 758,383 1.026.S49 Total 761,106 87A73 1.028.637 Net gainsllknsses) on investnts NET INCOMEIIEXPENDITURE) 1116.326) 12.4661 1118.792) {105.1021 RECONCIUAnoN OF FUNDS Totsl fvnds mU1 forwanl 780.108 6.140 786,248 891.350 TOTAL FUNDS CARRIED FORWARD 663.782 667.456 notes fom) part of Ihese finawKial ststenIS P•J$ 12
THE CHRISTADELpTrllAN MEAL A DAY FUND BALANCE SHEET 310ECEMBER 2023 2Tr23 Tolal 2022 Total fund8 knds CURRENT ASSETS 16 17 18 435 D•blo 10256 10,256 55 C•8h at bank 3.674 1326.12• 1297.371 AJDJunts fallng due lIhil ye•r 19 {541.870D {511.123) 675.782 4674 679h56 7&5,248 CREDITORS {12.1)1 NET ASSETS FUNDS UnTr8fJi¢led knds RenCtsd fu13 21 3.782 780.108 The finaniial sl8leThints apwod ty the TAOI$ •¥J for issu• on i. andT4ve tsbehltr. Page 13
THE CHRISTAOELPHIAN MEAL A DAY FUND CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Ca$h flow¥ from ¢Jperatlng activities Cash gerated from operdts.ons 25 1731 Nel cash u$ed in operatry tivities 25 1731 Cash flows from investing acllvltl•s Inlefesl recewed 18.405 2.737 Net tvovided by inv8#ing a¢lNities 2.737 Chang• in cah and ¢¥h equlvalents In the TWOn9 prlod Cash and cash equlvent8 at th• beglnning of the reportlng perlod 18.7681 1341 1224.052 Ca$h and ra•h ?gulv*nts •t th• of th• rèportlng p•riod 1215.250 1 224018 The notes fonn part of these fwwKial stslwnents Pe 14
THE CHRISTADELPHIAN MEAL A DAY FUND NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 RECONCILIATION OF PET EXPENDITVRE TO NET CASH FLOW FROPA OPERAnNG ACTIVITIES 2023 2022 N•t •xp•ndtur• for th• r•ptyllfftg wlod {•$ per the 5thtwnt of Finan¢lal Activitigs} Adlustm•nts for- IGainlAosse$ (Wb inve5trnents IntèrÉst rÈctrved Irease in 31wks DecTease1(CreaseI in deLrto Iease in tyeditors 1118,7921 (105.1021 (16,4051 11301 62,609 47.547 12.737) 12191 158.9191 164.204 Net cash us•d In op•ratlons 25 1731 2.7711 ANALYSIS OF CHANGES IN NET FUNDS At 111r23 Cash fy)w At 31112123 N•t cash Cash at bank 1224,018 8,768 1215250 Llquld resouru8 Deposits indude(1 M) cash Current asset investments 55 55 Total 1.224.071 8,766 1,215,305 The nths fomi part oflhese fnarrfial statements 15
THE CHRISTADELPHIAN MEAL A DAY FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 STATUTORY INFORMATION The Christadelphian Meal A Day Fund is a chble c(ryy registwed in England and Wales. The charitable ¢ompany's règistéred charity thjmber. registered company number and registered olkts athYres$ can be found in the reference 8nd a(knini5tralNe delals ol ihe Rewl of the Tnths. ACCOUNTING POUCIES Bas1$ of prwarlng the financial statements The financial statements of Ihe chantsble ccxw. w14th is a entity under FRS 102. havo bean prepa in accordance 7th the ChtS SORP IFRS 102)'Accotmting aThJ R8porh"r¥J by Charities". Stalemènt ol Recommended Practice applicable lo chan¢ies ppariTh3 theff accolts in accordance wth the Financial Repting Standard applicable in the UK and Repubh'c of Iland IFRS 102) (effective 1 janu 20191., Fsnanual RewbrvJ Stsndard 102 The Financial Repjrtmg StaTh1anJ appkth in the UK and Repubknc of Iland, and th8 Companies Act 2006. The finanaal staiemenls havè 8n reparad undèr th8 historical CA)St convention. The CUrrer basis for the weparatl of Ihese finan¢i atemw4$ is POUfK1 sterfing (£1. GoSng conc•m Th8 Iruslees dosdy monitor the cash w)%lM)n and fr8è Its•S of thè ch. Thè ithmAiulion of Ihè freè serves frcln £S60k as at 1 January 2023 to £542k 8s at 31D8c8mbgT 2023 vras lh8 result of rgdured givirwJ prompted by cost-of-IwThJ presSuS moslty offsel ty a (Je¢i6w)n made by the Boanj ol Trustees tr) reduce one-off projects to fiJThJ the inueased knvel of neetfj at many of the charity's I temi projects due to inllationary pressur8s. The decmsed 18vel of 8xpèndilLtwè is wthMI thè rÈsav8s pollcy ol Ihe charity. On this ba%s. Ihe trustees have concludsd that li 1$ rgasorth lo assumè that Iho ¢harity wll ¢ontinuo to op8r8té aThY meet its liabilities as they fall due for al knasl 12 folkn¥ing Ihg datg of akywval ¢)f these statements and ther8fcwe. Ihat the C{KeM basts for weporation ofthe fina631 statnts Is appropriaie. Slgnlficant ludg•m•nt8 The fc4lo"n9 jJgements (apart frryn trv)se Inv(AvYy eth"mat¥sl hav8 mad¢ in thg pr$$ of apptying Ihe charity's accountsng policies that have had ts most ggnfficant effe¢t on amounts recc#Jnised in Ihe financial statemènts.. Foard purthase of fol9n ojrrw - in ordw to rede tho ¢anty's ¢xwwre to ox¢hang& ralg flU¢alK)n$. management evaluates the mthel aThJ rtsdetal¢¢ hTrstorK oxpenerKe. Incom• All income is recognised in the Stat8ment of Financial Aclwikn the charity has an1arrt to thè fvnds. It Is probable that the income 111 be received. and allount b¢ rekty. For dona'OnS to be racognis&J. the chity wll have reLer¥wJ the lunds or have been notified of Ihè arn19 and the setmement date in writing. 11 there ar8 u>ndrfTrons altached to donation arrt1 this rèwir8s a I1 ol perf0mlae befo enlidennt can be obta8, incom8 15 dgferred until thosè ¢ondibon$ aw fulty mgt or the fulfilment of those ¢onditn$ Ihe wilr(A of the thty. a1 rt is wobabl8 ltsl thoy wll b¢ fvlfilled. For legacies. entllement is Ihe earfi8r of thè charity 119 mb.fièd o13n MN)endlThJ distrfbulM)n or thè legacy baing received. At this w.nl irorne is recLwnts8d. On occasTron Iwi8s wll be notifièd to the charity. How8ver, il is nol possible to measure t am¢)wrt lo b& 1stsibuW. On the58 (ws1or. Ihe Iggary is treat1 as a contingent asset and (Isclosed. Income from tradiThJ acb¥ities inchA•s e*ned from tradAvJ actNibes to rase funds for th8 charity. Incomè is received n exchange for SLwlwn9 9>)d$ and Sorv In ordgr lo rais¢ funds and 1$ reco9nisgd whon enbllement has cUld. Tax recoverable for thè year on covertan Cft donalM)ns Muded in Ihe IrMè aNI 8xpèndliurè account on an accruals basis. Debtors Debtors aré racognised at th8 settrr amount thjè. Page 16
THE CHRISTADELPHIAN MEAL A DAY FUND NOTES TO THE FINANCIAL STATEMENTS - contlnu FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES. Win Expendlture Liat#1&S arè racognit8t1 as expwKthe as gx>n as Ilwe 15 a legal or Cc1 oblgation committ9 the charity to that èxpèrmlituts, st is rKobatrA# that a Iransler of economic beneffts be required in setNement and the amount ol the be meaSUfed relabty. Expendibjre is accoled for on an accruals basis and has been dassiffied undw ladings that wJgregate al cost related lo the calegory. whe cosls cannol b8 dire( attributed to parkncukT IrIJs. Ilw have been alocateo to acliwties on a basi$ con$ignt with the use of raSour. Costs of printiwvJ and di8tribut¥vJ tre bJThYs nth¥sknttw e r•3arded as costs of generating voluntary incom8 and the lund's ctribUtI)n$ to trustees, travd c(X8ts. vrtwi cary (¥Jt monitoring visits to ov8rs8aS tlts. a regariled as costs of chariiabie aclivilEs. EKpeTrJilure by the fiJTrJ on rnanement thini8lrntJn thè items stM)wn under govemance costs. Giants a COlded in the income and account ¥btw) a spacific (x)mmitmènt has ba8n madè by the trustees and cornmunKated to the reopients th¢m w expgrtsb.on that lh9 payment wll b8 made even thouth Ihere is no legal ot4ga¢lc. This is tamed a construth¥e liatrflity. Provl•lon for doubtful grants If the trustees become Ihat gr rw1e not thwr inl8nded rgciixent. Ihe amount paid 1$ reiumable and a pYo¥ision is made against Ihis debtor rf Owe is IkAJbt as lo its reGoverabilty. Grants are not nowmty regarded as retumaL4e rf they are r8ceNed by the re(j Th)t US80 as th& Iwstees expth. Allocatlon and appl0nM•nI ol costs Govemance costs are alocated to the main thwty. is W1)v10n of grants lo meet the ch8rW$ obiths. During the year, the cost of traY81 to sli prnits by trt1s 8nd mÈmbÈrs w8s allctated to govemance. In prevJJs yeats ovw$ trav81 was as a (1 (x)st. Tanglble fixed assets DepieciatKJn is pro¥ed at the annual r8t&8 in to Trtitè off eath assèt ov8r ils èstvnated usefvl lrfe. Computer equipmert Tanble fixed assets are stated at cost rff dBerrd cost s accumulated dèpfWAatirm. Cosl in¢lude8 costs diredy attributatde to making the asset Capa of (wairy as ntsnd8d. Stocks Stock is valu&l at the bwer of costand nel rea&sablè Investsnents Investments are slated at fair value value). Al gain5 and investments in Ihe year, whether OT not reised, are induded in the Statenrt of Finarn?al Athths. Taxatlon The charty is exefflpt from cc1poi tsx its ¢hw¢atAts 11$. Fund accounllng The Christaddphian Meal A Day FuThl mants)s a gèr181 unrestr dasgnatèd fund in a¢jdIti to restricl&Y fu8 that are ed for ewmathed dc0115. General unrestricted funds can be used in acc(rJa thantable o14ecti'¥es of tts CstadelphIan Meal A Day al the discretscrf) of the tmsi8es. Designated funds include t asKle by the trLtsloes lo furxl fulurg pr(4. ReslrKted fijnds can only be used for pa"013r pUrISeS wthin the obct$ ofthe charity. Restrictions rise when speafied by the dCr or Vlthen fiJnd% arè 13ised for path"cuiar restrthd purtK&sès. Further exFlanation ofthe nature and purFose gf fwKJ 15 ndudwj in the to the fywncial ststements. Pagg 17
THE CHRISTADELPHIAN MEAL A DAY FUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES- contlnued Forèlgn eurron¢i¢s Assèts and liabilibès fft fOlrt ¢urrentses e tr3n3tstsd into ¥tèrfing al the rates of exthangè rulir¥J 8t Ihe balance thegt date. Trdnsactions n l(ewjn currencies are translated nlo stertrbg al the re ol excharue rLJling al the dale of transacb"on. Exchwge diffwerKes we t&ken Cow11 in arriving at the operalirrfJ result. Fin4n¢i•l instfuments Finan¢i81 in8thJrTWts are clafied and aCcOtell for, to Ihe Substan of the conlraclual 8wrang8rnt. 88 either nKa1 assets. fina1 liab4ths cff equty Thtnmnenls. An equity instrument is any contract thal ewjences a residual interest in the assets of company after deductiry al of ils liabilities. DONATIONS AND LEGACIES 2023 2022 Gift aid dCtionS Gif( aid Legacies Personal th)nations Ecclesial donalKJr Other donats)ns 200,315 $0,079 104,087 104,311 201,041 2{.782 51.696 28.285 155.704 423.845 $3.636 711723 919,948 OTHER TRADING ACnVITIES 2023 2022 Saes of pmmotional 7g2 INVESTMENT INCOME 2023 2022 Dividend incom8 Bank interesl 2.735 2,737 OTHER INCOME 2023 2022 Bank gcrtJdvAII payment 60 18
THE CHRISTADELPHIAN MEAL A DAY FUND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 RAISING FUNDS Raising dona1itin# Iw¢l•$ 2023 2022 Other pulity expwKlitwe 1.823 2,068 IXh•r tradlng acllvlO•s 2023 2022 Purthasès 900 20 Aggregate amounts CHARITABLE AcnvrnES COSTS Grant nolng of tNiIEs (see 101 Support costs (see note 11} Costs (see nolè 9) Totsls 42,S72 845 856 DIRECT COSTS OF CHARITABLE ACTMTIES 2023 2022 Trustees. expens8S Bank char Stationery and pwinliThJ Sundry expenses 10,232 2.835 408 682 3,424 396 612 4,432 Trustees. expenses have been realhx31ed to 9)vemae cosis in 2021 10. GRANTS PAYABLE 2023 2W22 Grants 798,852 1003 467 The total grants paKI lo ¥trtUn$ rj th• year was as fh). 2023 2022 LONGTERM PROJECTS Complex projects Christadelphian Sthjol. 8enakuma and Bcxjcwj Christadelphian Centre forthe Blid and Crovm City Sctsy)I Chwde Lela childn'S Home Nalondo CBM Primary Sch)ol Chrisiadelphian MaD Streetkwjs. Ft0* Talia Pnmary School Tinboni Tiva Chthjren's and Schjd 23.076 44.295 114.301 28,801 43,456 40.818 41.462 94.832 34,229 31,960 88,S27 29,360 20,129 515.120 499.881 Pagè 19
THE CHRISTADELPHIAN MEAL A DAY FUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENOED 31 DECEMBER 2023 10. GIIANTS PAYABLE- continugd 2023 2022 Prewschool and Feedlng Imathoka Primary School Feed Kibera CBM School Timboni Primary s¢ Feeilw Unwjja Boyani Sch¢x)l and ECD ECD Feeding Pr(NJramme 7,300 7,391 10.238 5,018 80,423 8,643 7,451 18,174 7,3D5 104,193 110.376 145,768 Communlty Aduft Literacy Centres 8oama and Lakka TB and Lewosy FSH Bukavu edneS and maternty clinks 8,577 17.425 11,032 11.563 16.329 37.565 28,947 Through partn Whizz Kids Unitad 25.000 25.000 TOTAL LONGTERM PROJECTS 688,061 OTHER PROJECTS Direct prnl•ets Hand Pumps. &8ffa Leonè Boveholes Masinde Memorial sch. Chwele. Kenya Other grants eh less than £5.0 in curr1 year 15,268 44,741 14.624 16,973 8,798 4.104 64,113 Through partner• AmvJos Ashanti. Gha Christadelphian Bible Misson. wèls arKI Christian 81d Mission Christine WitCLrtt Home Wisthng SeN Commur¥ties Inrtiab've Faalitalion Assistance {CIFAI CommunityOutr8ach Parther Tmsl Days for Girts Find Your Feet Devekjpment Global Care Uganda Green Empowem)ent Homekone Kenya Rainwater Associalion Kanaama Intere Commuirrity Support Mission Diiect- Primary Scknl Zimbatyw¢ Motivalion- wtheelthair user trainiThJ Partners in Educat*Jn {PIESI Ripple Effeci Kenya Tools for Self-reliaxe Tree Aid Village Watef, Mozambiquè aThl z)bla Whizz Kkjs UThted projects 16.758 37.134 23,779 12.850 50,OC 5.000 6.745 14.964 1116) 3.016 15,0 2.058 27,610 25,0 15.991 15.795 12,118 31.500 23,622 24,00 10,237 13.000 6.080 8.910 4.097 119,859 280.875 TOTAL OTHER PROJECTS 160.254 344.988 P•38 20
THE CHRISTADELPHIAN MEAL A DAY FUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 10. GRANTS PAYABLE- ¢onlinuod X123 2022 Surnmary TOTAL LONGTERM PROJECTS TOTAL OTHER PROJECTS unall(led exchange rate differe 688,061 160,254 49.463 699.594 41.1151 1003 467 SUPPORT COSTS Governance cosis Grants sU10rt co8 Indwle<l in Ihe aiK)ve. arB as fol(yws' Govomanco Costs (included in the above} 2023 2022 Tot81 activities Gwants TnJstees' expenses Auditors. remunerath Mernbers. exFenses Insurance Company rggistration fees IT $upFK)rt 27,787 7,230 5.850 1,530 6,960 211 1,566 13 175 175 42.S72 8.925 12. NET INCOMEI{EXPENDITURE) Net incomWlexpen(turel is stste(l after thary¥vylupditsryl' 2023 2022 Audittxs. remungfation 13. TrUSTEES' REMUNERATIOM AND BENEFITS There were no twsteès, r8mun&ratlon or othw b8nÈffts for thè aNled 31 De¢enknr2023 nor for Ihe year ¢ndèd 31 DeCWnI 2022. Trust•es' exp•ns•8 2023 2022 Trustee$. expen$8s 10.232 During the year 412022.. 61 tnjsts have been rlAIr5ed eXtnseS they have paid on bohall of charity for travel in the UK aThJ ovetsea& Tmstees Wisil Ihe chaiivs wojects in Africa in ¥¢ordance wrfh its policy of activety monitorin9 mah sy0j to Ihè ehaity cfjnlrKts$. thèrsèas $it$ lty $ed in 2023 followirJ covid resinctions. Page 21
THE CHRISTADELPHIAN MEAL A DAY FUND NOTES TO THE FINANCIAL STATEMENTS - ¢ontSnued FOR THE YEAR ENDED 31 DECEMBER 2023 14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES UnréstwthEJ funds Rèstrfct8d nds Totsl fijnds INCOME AND ENOOWMENTS FRO t)onatK)ns and legacies 865,1%7 54,881 919.948 Other Ir&Jing acbwties Inveslmenl inccrfng Other kncome 792 2,737 792 2.737 T¢)tal 54.881 923,537 ExpeNDITURe ON Raiwg ftmds 2.088 Chatabl0 actl¥ltl•s Grants 949.130 1026.549 Totsl 951.218 77.419 1.028 637 Nel g¥In{lOsSes1 on inv8stm8nts 21 NET INCOMEIIEXPENDMIREI 182.$641 122.5381 1105.1021 RECONCIUATION OF FUNDS Total funds brought foma 862.672 28.678 891.350 TOTAL FUNDS CARRIED FORWARD 780.108 786,248 TANGIBLE FIXED ASSETS Computer equipmenl COST Al 1 January 2LY23 and 31 Decembw 2023 DEPRECIATION At 1 January 2023 and 31 Dwnber 2023 NET BOOK VALUE At 31 Decernber 2023 Al 31 Dernber 2022
THE CHRISTADELPHIAN MEAL A DAY FUND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 STOCKS 2023 2022 Goods for resale 565 435 17. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2023 2022 Gift Aid (kje from HMRC Trustees. expense and Iravel avare Other debtors 775 1,573 4.296 5,185 2,296 io 72.865 Cmher debtots include £51312022.. £67.7691 In r&st of fcvwarf currew cwlracts italed in te 21 of these finarrial ststemenls. 18. CURRENT ASSET INVESTMENTS 2023 2022 Listed investments 53 Current asset investrnents ¥e shc6•n at fair valLlmaTrknl vaknèl re$tive ¢osl 1$ £3512020". £351. 19. CREOITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Other ueditors Constnjctive obligaborts forgrant payThnts 9.194 $37.476 8,895 502.228 .670 511.123 constructive oblKJats grant payThwts (xeilitor is Sh[rh as faling due for payTrwI vithin one year, 85 although the charfty funds IcYJ temi projects. granl ¢(xnmthw)ts are usually made throhOUt the year lor the foltow"n9 y8ar. 20. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 2022 Conslructive obl9atK)ns uyant paym8nls 12,OlJO P•Je 23
THE CHRISTADELPHIAN MEAL A DAY FUND NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 21. MOVEMENT IN FUNDS Net Tfansfers )veI betsveen in fvnds funds Al 111123 31112r23 Unr•strlct•d fvnd• Gènwal fvn Futurè Projects 560,373 219,735 1116.326) 98.245 98 245} 542,292 121,490 780.108 1116.3261 663,782 RestrScted fund8 Timboni ChckeTrs Nalondo mattSeS Namaondo Water Tank Lela Home Kamukuywa Work in India Kenya Imth3 Extended F88diry Cro¥¢n Cty t)omitory 1fj0 150 782 {6121 2.199 132 1439 {2.1991 124 12.439> 1500 256 TOTAL FUNDS 786,248 118 792) 667 Nel ement in fijnds. 1)jed in ihe ab *e as frAkyws: In¢cYThry Resources Gains Movement in ftwKIs Unr•strlci•d funds General fund 64In8 1761.106) {116.326} Restrlcted funds Other projects Timboni Chickens Nalon(h) mattSeS Lela Home Work in India ECD Feedir¥J Programme Kenya Imathoka ExIded FeediThJ Crown City Dormrtory Cambodia Toth crin Crown City aassroom 33.836 1.780 800 3,000 124 19.655 1,635 2,51JO 5.584 16.313 133.8361 (1.6001 (1.2121 {5,1991 160 {0121 (2,1991 124 119.6551 {4.0741 {2.4391 2,500 {5,5841 16.3131 TOTAL FUNDS 729.785 848,579) 118.7921 Page 24
THE CHRISTADELPHIAN MEAL A DAY FUND
NOTES TO THE FINANCIAL STATEMENTS- continuod
FOR THE YEAR ENDED 31 DECEMBER 2023
21.
MOVEMENT IN FUNDS- contlnued
Comparatlv•s for mov•m•nt In funds
Transfers
between
funds
At
31112r22
At 111r22
In fthls
Unr•strlct•d fund$
General fund
Future Proje¢ts
775.826
182.$64)
1132.8891
132,8B9
560,373
219.735
862.672
(82.564}
780.108
Restrictsd funds
Uganda Borehole
Nalondo Mattresses
NamaoThJo WaterTank
Lela Home l
THE CHRISTADELPHIAN IAEAL A DAY FUND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 21. MOVEMENT IN FUNDS- continued R•strlct•d fvnds Donors may stipulate a partr wc1t aryj Ihi% income b5 rnstr1 to that project. The balarKe on restricted fimds repretS the unexFthd•J p(fft offundir¥J received. Actiwty on a specAfK restted fuThJs can be re(p&ed from Ihe tharity. De$ignat•d lund• Future proJ•cts To smooth out sing lar9e donalwjns, thoss &xtxs of £50.(. 1¥$$ restricted 8 specific proiect. are dIved into thirds. one Ihird tirKJ alk)cated year. one ttmrd in the next year and Ihe final one Ihir(J in the year fottowiThJ. This ensures that a Miled reseprt ts set asth for the m81thum.tem usg. Tran8hr8 b8lw••n lunos Transf&rs betsveen the 91 furn1 de5vJnate(I funds relle¢i nK)vernents in the year in line wlth the poIKy detsded above. 22. OTHER HNANCIAL COMMITMENTS The charity C$MitS to Ihe foTh¥ard purdw of lfftvJn cwrency in order lo redwe its exposure lo exchange rdle fflucluations. At 31 Oecèmbèr 2023. Ihe tharity had cc•inents fflatwing vthhin one year for the forward purchase of foroiw Gwr8rKy (Keny Shillings) lo a tolal vae of KES 1CKI.c#xI. Other debtors as al 31 December 2023 presents the sterfiry amount paKI 01 £549 a tr)8s on the derivative of £36 being fair value recognised in accordance FRS 102. As * 31 Decethr 2022, the charity's fair vak of fOard contracts purchased amount8d to £67.769. 23. RELATED PARTI DISCLOSURES Trust8&s have m don8ti<rn to the (tsrity Ihe r1 £8.758 (2022: £7,959). 24. ULTIMATE CONTrOLUNG PARTY The charftaN8 C(xry)any 1$ ¢ffitroled lry its tr)ard of In&teeskno are a150 drectOTS. 25. VEMBERS, LIABILIT The chllatrAe company is lirritW iry gu¥dntee. Every meth of the charitable ccryany uTrJertakes to contute to th8 ets of thè thaiitsble compY. the event of Ihe same beirNJ w0d up while he or she is a member, or thin onè yèar aftèr hè or shè eAasès to be 8 Member. for payment of the debts and liabilities of the charitable company ¢ontraded bek)r9 he she ceases lo be a mernber. and Ihe costs. charges and expenses ol winding up amount a5 rnay be require(l M)t emd £1. At the 31 Dember 2022 Ihere were 4312022". 43) membars u1Th) tmstè8S.