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 Act￿￿68 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 tw8￿e$. vtho are also dwectcKs of Ihe thaiity tor Ihe ￿￿poseS of the kt 2CK)6. present their rep￿t with the finar￿181 ststements ol the ch&ity for year end￿ 31 tlecember 2023. The Iwstees have ad¢)pled the provisvjns of Accourbling Reporfing by Chaiili8s'. StstÈmnt of Rect)mmÈndÈd Pryackn 4)l￿1(al￿e to charities prepari￿j thelr accounts in accordance wth the Fw)an(>al Standard app￿￿)￿ in IhÈ UK arhy Repubk¢ of Ireland IFRS 1021 leffecbve 1 January 20191. OBJECTIVES AND ACTMTES Mlsslon statem•nt 'Our intent is. as a Practic￿ wilnèss to ￿ fath. to sharo tl* tlesstys we recwve frcrfn Gc*J wth those vkno are kn real need kn the less developed parts gf fv w¢ykl'. Ch¥lty's obJ•etl¥•s We to laciltste pers￿31 and cxjmmunty suslaY￿b1e. dchbTrtOvearlh Ictal wciects whlch". - help to relieve the ef18cts of hurKJér, disèasè. th"sabilty. deSbtutW￿ arwj h￿ne￿ne$s. . promot¢ agricutture. clean water. bas￿ I￿althcare educat￿. . encourage sharing, leaFrMry arKI seTrice lo others ￿ oThnunty de¥ety￿. Conseouèntty. ￿ focus on U* rèlisf of need of the lnh8brt￿ts of developi￿ wodd c￿jntrles and fom*r inhatmtants of suth ¢ountrigs. Chjr obled￿eS we rhot wmed at suppoitir¥J in enwency and di8as*T relief situattons or d)e dtyect itness lo our laith. but liwse wih oiher ChariL￿s inc1l￿.ng th8 Christadelplman Samaritan FUNI ant1 the ChristsdèlplNan 8ib* Mi85ion.vknKh are resF*th* hjcussed ￿ these areas. Prfndpal ar•as ofwork The thanly's current to￿$ is prwnwty C￿ *EIWem*J, t(taltryfftnaged da¥elopm*tt 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 devèloKM1￿rt pr￿raMIl*S fOr[￿Sd￿J￿ 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 pr￿J￿rnmeS for let￿$Y and TB c(xrffiwty wpNt: - onè pmgr8mmè to support vulnerable slreel kKIs: -t￿8 cèntrè for disablod ¢hlldren (reope￿j ￿ 2022}; ￿￿1 - matemty clinic. The trust8es do not have or seek lo exerc4se control over Prci￿ as this kes ￿ kncal boards or partn Separ*. independ9rrt Christadelphi8n a Day ICM8DI tharibe5 cwate kn Australia (covering Asia aThJ Pacllkl and Ihe USA {covering Can•Ja. Wlh arKJ s￿ Arneric8 and the C¥*)beanl. wlh y￿￿￿ have fijl and open worting latK>nships. Prlnclpal lundlng sourc•s chanty operates a$ a fvnd raisgr in the UK where wt pre(knrm8nty reC￿e dona￿￿ts from mem￿rS of thg Chrisladel)hran ¢hur￿. Publle B•Mflt The truslees have ml8rr8d to lh8 inknnatth in Ihe Chanty C(Mnmrsscffl's general g￿dance 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 cLrfnm￿nth$ 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 ￿t￿ria. KlomlMshw of Ihe Chr￿lad￿￿.8n Corr￿￿nty is never any kind of prerequisile. p￿e1 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 exp*idliur8 during th8 COVltk19 ￿riod. At 31 Decembef 2021. these amotht6d to £862.672. allowiNJ us to svJnifi(%ntly incrèasè grants in 2022. which brou￿1 th)wn our unrestii¢ted reseTh¢s at 31 0￿Mber 2022 19 £780,108. T￿$8 fund5 ar¥1 ptga%rvJ levgls of (k)natiorts has enabled charity to suwjort our exislnJ arN1 SO￿ proie¢ls as trbey face very h￿h inflationary wsl InrJè8sas i) exjuntry to make capi81 invegtrnent in s¢yr* proj￿. The Gharity has cornmitted fulure grwl of £848.3151£1.044.5821 lo a raThJe of projects in 10 countries. This is down on levels granted in 2022. Our vweslricle(I re5eryes at 31 December 2023 ale sb'll heathy al £663.782. We analysè ￿r￿an1 expenditure in a numterofways. CryaralTr￿S for 2022 a￿ shown ￿ brackets where available. y our obJectlve$'. Fee¢JThJ and water YOJ￿ts account ts 37% {3￿￿). Horr￿. orphanw and edwaticffl 41%135%1: and Medical, hyg*ne 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.. ThrO￿h one ofojr partner c*arths 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%(2￿1. The tmstees seek lo enwre that of crfKobpctves bm&Jly r8c•iv8s a snwlar Iw81 of support. The Ambassador progrwnme eSt￿rished in 2019 has continued with 100 ambassadots wlstered vkno, using updated presentstions and videos, will e￿Ule that the wort of the charity and oThJoiThJ n8&J remains visitde io our donor community and Ihal they receive regdar I88th￿k from th* ￿ClO￿$ Ihat 99n8rogty has otwblgd. The Iwstee5 monitor that each F￿lect 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 LIb￿la in the year to rèvièw and SUFWIrt sèvèral projècts. Support for Monrovia Academy in L*beria was witfvjrawn 2020 the allar￿Men1S do rK*l yet meet our ¢riteria for re￿mIr￿j fvndirvJ. The charbty has gJpprMt8d projects nm by 11 partners in 2￿23.. Ashanti. chris11￿ BlThJ ￿l￿On. Clwistine Wthutt Homè Vi%Ung Serwces, Community Outreach Parther TrusL Gk*Jal C￿, Kanawna Interactive Community Support. K¢nya Rainwater A$S￿lation, MotNaUon, part￿ts in Educat*)n. for Self-Re5iance and ￿"z2 KSds United. Wor*ing ￿th partners enables the charity to achie￿ ils obpctives C￿ a scae wilh rlsk managing funding directty. We are very pri￿leged to be able to d￿ectlY supw1 way over 6,100 athjlts * 10.800 ¢hildren aThJ provide funds for over 985.000 meals a year. In addikn(M), throL*J) ow charfty partners. we help s￿￿)0rt a fL*ther 6,600 adutts and 6,100 children. More Informatic￿ about Proj￿ suw(Yl¢d by Ihe FurKI. i￿u￿n9 ¥thNed ncwsI¢lt￿$. ￿ 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 AcHIEvEP￿NT AND PERFORMANCE Report5 to ihe Charlty Comm5sslon After the period covered by these financial statements. in February %)24, thartty was Th)iifi8d of allegat￿nS of sèx￿1 abuse of chId￿n 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 re￿rted 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$ty reported Ihat based rgwxts in ewty 2020. ts charity wa5 mad¢ aware of ¢orKems that fvnds were b￿ng misappropriated by M￿agerne￿ at Monrovia Academy. Liberia. This lo a loss of trust and eonffiden¢e in management. arhj the inJsiee5 derided not to fvnd the School ￿til a vigt aThJ full investigab'on was pos&ble. TIMS took place in 2￿23 and 58dty confinned that ts b￿￿get provided for fee(ling had not bèèn used lor Ihal purty)Sg. As 8 (x)nsequew*. no further fu￿￿ng be considered until the prr4ecl has management in whom the trustees have confthnce. The Charity cornmissh￿ has been updated. As stewards of dtsrk)rs' funds and as a maller of govemarKe. the tn(81ees and mefflbers of ￿ management committee segk tr• idenlfy key learr•ngs frryn ￿veStIga￿￿3 ariswwJ from whisll&blowers, to ensure that processes are thanged lo minimise the risk of recccurtence. However. it should be 2th￿edged thal all such risk cannot be complelety removed. FINANCIAL REVIEW Flnancial review The trustees consder the fThncial perfo￿￿ to be satisfactory. They have in place key fina￿la1 Po￿￿eS. undertake appropriate risk assessments and have mcfflthty aCc￿nts lo ensure apkwwiate tlmely management information Is availa￿e. Income wa5 £729.785. 21% 20221£923.537}. In a frjrfher yeaf lor our dc￿01$, 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 Ca￿ts1 an￿Un1ed to £144.967. which was half of that rwEived in 20221£292.7541. We are very graleful lor One￿ (hJnatKrts. wlich enatsk us to l￿d on&off (r catmlal Fyojects. Regular income is a key measure for us as it is this that fijnds Ihe lon￿teM1 voi￿. Budget constraints would te required shoukl regular incow frequenuy fall below annual h)ng-tenn project costs. In 2023. r￿UL91 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 I￿81s. the value of unreslricted lunds aThJ needs of the prclects befo￿ alkxatwwJ g￿ts 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 def￿1t in the year of £118.7¥2 12022 d8ftil - £105.102} 10 £667.456. Of this £3.674 arè r8strict8d funds for s￿cl projects. Project exp￿￿lture 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 cov*J and ihe in8b.lity to travel lo visit projects. A h•Jh number of prc4ect y1￿1S were m•Je in 2023. Overall, 6.8% reflects thal much of the WO￿ ol the Ch￿lty 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 mOn￿Or and exFosure to fcw*n exchavJe movements, ensure suffioent cash is availab￿ lor short-lemi needs and place a¢*lit￿al 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 t￿se ￿￿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 0￿rat¥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 balar￿e as at 31 Oecerthr 2￿23 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* ¢W￿ee$ 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 r￿18￿ I￿)rne is 1.9% h*Jher 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 liabil￿e5 as they fall due for at ￿951 the 12 monlhs ihe dale of q)proval of these ffinawal siatements and theTrforo that the going c￿Cern bags f¢y ￿epa￿d￿ of the fwwKial s￿￿ernents 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 Obl￿b¥e$ are stil re￿nI and set the folowng ambitlcffis to.. . Grow our impact - Improve ow UThJerStandi￿ ot Ihe h￿te￿n benefts of projects and be able to fijnd even more - A¢t jusly. suStina￿Y 8 efficienUy- key iiths and leam to be sustainatle" . Slim￿ale faith and eTra￿eMent. 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 c￿m￿ltI￿3. 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 CC￿panY bery *￿nd up. Under the Memrandum and ArtiC￿S of Assoclation, any SUTplus of assets over liabilit*s on winth"ng-ip camot, under any circumslancss, be distributed to Ihè Irustees, but shall be given or transferred to some ot￿r 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 comm81￿1 tradlng on the samè date. Go¥eman¢e and ma)ag•ment The truslees and other members ol the management ())M￿ee lea(krship. finan¢KI1. strategic, govem8rKe, communication and O￿lational skills and ex￿n•￿e tr) thè d)arity. cApabl￿ty and capacity of the martagèmènt committee and succession pl￿Try) for key mles is k¢rt revth¥. The trust88s and man&J8ment commlltee mat limès wi 2023. BetV*Een 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 f1th￿l Ihe Ctrwity Governm updated ￿ 2020. The tharity eng89&8 $twialisi advsers fr(*n tirne to time in th8 UK lo a&sst it its i*rties. Truste8s and of thè man896mènt IXMnmitt8è or pérsona finweial benefit from the harity what*)¢v¢r. Tr Ghawity itself has W￿l￿89&. THE CHRISTADELPHIAN MEAL A DAY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE. GOVERNANCE AND PAANAGEPAENT Recrultment and appolniment ol new Irust•es Fomial policiès 8nd prttedures have been ad(Wd for Il* ind￿1￿￿ and Irari￿ of tW5tees ar¥J m8nagemenl committee memb8ts. A brièf rè*Jme of thè rAnthdatÉ rs tyrcu￿ted to all existing managemènt ¢0mM￿é8 mèrnbers for their consideralign. T%w exi51ing tnernbers cOn￿Cl a propety slnjclured intwview V+ilh candidates. 11 the members are in agreement, the candidate is invite(I lo atterKI or three meebrKJs lor a probalH)nary period lo faff¥'karise Ihernselves ith thé wothNJs of the ch8wity. Where possible and prthl. overseas ?￿liS to Fwjects are encouraged to galn first-hand èxp8riènrA. Prlnclpal rbk$ 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 vUlnera￿e people vtho cO￿d 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￿ a￿1 ￿ 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 proc￿leS lo manage Ihesp. Our CompAiance Direclor operates as a non-execulive and provK1e$ ¢halkwy lo wr pYoce5ses. risk marwement and controls. The management coTrwnitiee r*Nmally s88ks to rK8ks by vi*tiro m8i(* ory)ing pmiects r8gular1y and by obtaining quality fina￿101 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 e￿MI1818d. are ¢arefulty M￿ag•d and the management committee seeks to mainlan ts hvJhest of the prot8¢Ii¢)n of our project benefici￿e5 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 apr*eoaW. 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 Trea￿J￿r Chaiman Company Sécrelary Charlty M*M￿lS A Brooker E Brooker MDeWitt E Huckauf C Kgnl S Kent I Perryrnan B Walkèr The ¢omp8nVs Art¢les roqvire Ihat W*re 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 IT￿tY￿. The day.ItHl8y respon$iblty for thé marwJ￿t of the ch￿lty is delega￿j to Ihe executwe comrnittee. mom￿r8 There ar8 currenty 43 m￿)b￿lS of the dwity WIK) are app￿ted by the tnjslees and have the right, amoryst others, to atténd and Votè at th8 antmjal gÈnw* n*ebrbJ ￿ aw¥il Iwslees. CoM￿nY 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 ¢omp*w 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 P*counting StsndaThJ5 IUnit•d A￿{￿n￿9 P￿the1. y I•*(•qUM*S tho truthe$ finanoal loreath finartiwl y•¥ Ihal w a true and fair¥iwwof the $￿e of affairs of the d￿ritat￿e 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 Fn. 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 p￿par￿1 is Consistent with Ihe fmancial ststements- and the Re￿rt oflhe Trustees ha5 been prepar&Y in xcordance *ith a[VI￿able 1gJal requ*err*nts. Matters on which we are Tequired to r•port by ¢xceplion In the light ol Ihe knowlethJe and Unde￿lan{￿ng of the th&itable c4)mpany its environment obtsined ￿ the Course of the audit, we have not Klenllr￿d 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¢￿p￿leS Act 20C* us to repxirt to ycrtj rf, in OUT Opin￿n.. 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 #¢tcurtir*J 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 explanat￿n$ rwire forour a￿lit,. 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 reSpOr￿ltIe fc* the ￿eparat￿n 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 c￿e to Iraud or erTOr. In preparing the fin￿￿1￿1 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 C￿Ce￿ and using the going concem ba8¢5 ol accounting lh8 trust8es eit￿r Intern1 to IKw*lale the Ch￿￿e 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 respons11￿lItIeS 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 c￿s￿leTed matuial W, W￿l¥￿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 [K￿dUreS are Oft￿tiNj iffagu18rlios. MKbxlirwJ fraud Is detailod belo*. Identifyino and assessSn9 Fthtial risks ￿19(1 to wregularitps. In idèntfying and the risks of m8tpJiob rrMsSl#lerr￿I in respect of irwul3rib•8. AKI￿￿1ft9 fraud and non-￿￿￿1a[W￿ with laws 8niJ reg￿81￿￿$. ￿￿dered the foknir•J.' -The natwe control environment of the ch￿ty .Oui discussions with management and goveffla￿ *thether they had of any actual, suspected c all8g8d fraud -The inlgfflal controls to r￿gate the risks of Irwd As 8 result of these WDcedures, we ￿￿enti￿￿ the greatest Wenlial for material fraud to te ￿ the k￿h￿ing 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 identi￿d As a ￿￿11 of performir¥J the ai*Jve. we i￿lfR￿ the as key a￿1 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 I￿￿￿j&d." -Roviewng controls trtrt in pl￿e by the board of INstees iTrSudirg a revplf of jh￿r asse5ynent -Reviwng minutes of trustees. meetings -Performing a sarnrA8 of Incon￿ trnwcthjn tests -Reviewing a sample ofjoumal entries for apprcpriateness With a Ic￿S ryl unusual transactions -Perfonning a review of Ihe fina￿lar slalements aoryside thgJc&Ye ch￿￿L$t8 to identify any uwsual or unexpected r8latKJnships or any artss of non-compli￿Ge -Tésting a sampltt of income debtor5 lo sijbsequent Tenwit￿3 and carrwTrJ an after date ￿leW of Ir￿ome -Tesling 3 samplg of ov8r8983 grants awarded. indL*Yir¥J a review of prc¥￿t reports -Oblaining ¢onffirmalK)n of Teceipl of overseas wants pa*J -Te$ting a ol grants cre(JitW5 to subseqLWt payment We r8maM)èd alèrt to iThlicaions of fraud. material Mlsstslen￿nt w r*JFc￿￿1ance laws and regulaticffls throughout the audit including those refabThJ to the knjal stat￿￿entS Because of Ihe irtherert limital*Jns of an ￿li1. Ihere is a fisk that Th)t detect all irregulathes. ir￿lUdIng tkjse lèadirvJ to a rnxtèrial mi$sta￿ent 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 r￿ntional 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.￿au￿ilOTsresFrfJn￿wIe$. 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 Cornpan￿S membeT5. as a kyxly. in accordaI￿e 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 req￿￿d 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 c￿r a•Jit lor this report. or for tr* opinw)n$ ve have f¢)med. David Mg110 Isenior Stslutory A￿ditOrI for arK1 on behall ol Jthnson Tids31 Lwnited Chartered Act(￿ntants & Statutory Audtrjr 81 Burton Road Dert)y De￿YshIre 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 Un￿Stri￿d Jnds Restr¢ted funts INCOME AND ENDOWMENTS FROM Donations and leg&ies 626.716 85.007 711.723 919.948 Other trading a￿1￿11￿5 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 invest￿nts NET INCOMEIIEXPENDITURE) 1116.326) 12.4661 1118.792) {105.1021 RECONCIUAnoN OF FUNDS Totsl fvnds ￿mU￿1 forwanl 780.108 6.140 786,248 891.350 TOTAL FUNDS CARRIED FORWARD 663.782 667.456 notes fom) part of Ihese finawKial stste￿nIS 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 Re￿nCtsd fu￿13 21 3.782 780.108 The finaniial sl8leThints apwo*d ty the TAOI￿$ •¥J for issu• on i.* andT4*ve tsbeh*ltr￿. 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 g￿erated 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 ca*h and ¢¥h equlvalents In the TWO￿n9 prlod Cash and cash equlv*ent8 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 P￿e 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 5thtw￿nt of Finan¢lal Activitigs} Adlustm•nts for- IGainlAosse$ (Wb inve5trnents IntèrÉst rÈctrved I￿rease in 31wks DecTease1(￿CreaseI in deLrto I￿ease 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 ch*ble c(ry￿y 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 Ch￿t*S SORP IFRS 102)'Accotmting aThJ R8porh"r¥J by Charities". Stalemènt ol Recommended Practice applicable lo chan¢ies p￿pariTh3 theff accol￿ts in accordance wth the Financial Rep￿ting Standard applicable in the UK and Repubh'c of I￿land IFRS 102) (effective 1 janu￿ 20191., Fsnanual RewbrvJ Stsndard 102 The Financial Repjrtmg StaTh1anJ appkth in the UK and Repubknc of I￿land, and th8 Companies Act 2006. The finanaal staiemenls havè ￿8n r*eparad undèr th8 historical CA)St convention. The CUrrer￿ basis for the weparat￿l 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 presSu￿S 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{K￿eM basts for weporation ofthe fina￿631 stat￿￿nts Is appropriaie. Slgnlficant ludg•m•nt8 The fc4lo￿"n9 j￿Jgements (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.. Fo￿ard purthase of fo￿l9n ojrrw - in ordw to red￿e tho ¢*anty's ¢xwwre to ox¢hang& ralg flU¢￿alK)n$. management evaluates the mthel aThJ rtsdetal¢¢ hTrstorK oxpenerKe. Incom• All income is recognised in the Stat8ment of Financial Aclwikn￿ the charity has an1￿arr￿t to thè fvnds. It Is probable that the income ￿111 be received. and allount ￿ b¢ rek*ty. For dona￿'OnS to be racognis&J. the ch*ity wll have reLer¥wJ the lunds or have been notified of Ihè arn￿￿19 and the setmement date in writing. 11 there ar8 u>ndrfTrons altached to donation arrt1 this rèwir8s a I￿￿1 ol perf0mla￿e befo￿ enliden*nt can be obta￿8￿, incom8 15 dgferred until thosè ¢ondibon$ aw fulty mgt or the fulfilment of those ¢ondit￿n$ Ihe wilr(A of the th￿ty. a￿1 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 ir￿orne is recLwnts8d. On occasTron Iwi8s wll be notifièd to the charity. How8ver, il is nol possible to measure t￿ am¢)wrt lo b& 1*stsibuW. On the58 (ws1or￿. Ihe Iggary is treat￿1 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 c￿Ul￿d. Tax recoverable for thè year on covertan￿ C￿ft donalM)ns Muded in Ihe Ir￿Mè aNI 8xpèndliurè account on an accruals basis. Debtors Debtors aré racognised at th8 sett￿rr￿ 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. Wi￿n￿*￿ Expendlture Liat#1￿&S arè racognit8t1 as expwKth￿￿e as gx>n as Ilwe 15 a legal or Cc￿￿1￿￿ oblgation committ￿9 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 acco￿led for on an accruals basis and has been dassiffied undw l*adings that wJgregate al cost related lo the calegory. whe￿ cosls cannol b8 dire(* attributed to parkncukT I￿rIJs. Ilw have been alocateo to acliwties on a basi$ con$i*gnt with the use of raSour￿. Costs of printiwvJ and di8tribut¥vJ tre bJThYs nth¥sknttw ￿e r•3arded as costs of generating voluntary incom8 and the lund's c￿tribUtI)n$ to trustees, travd c(X8ts. vrtwi ￿ cary (¥Jt monitoring visits to ov8rs8aS t￿l￿ts. a regariled as costs of chariiabie aclivilEs. EKpeTrJilure by the fiJTrJ on rnan￿ement thini8lrnt*Jn 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 nowm*ty regarded as retumaL4e rf they are r8ceNed by the ￿ re(j￿ Th)t US80 as th& Iwstees expth. Allocatlon and app￿l0nM•nI ol costs Govemance costs are alocated to the main thwty. is W1)v￿10n of grants lo meet the ch8rW$ obiths. During the year, the cost of traY81 to ￿sli prni￿ts by trt1￿s 8nd mÈmbÈrs w8s allctated to govemance. In prev*JJs yeats ovw$ trav81 was as a (1￿ (x)st. Tanglble fixed assets DepieciatKJn is pro¥￿ed at the annual r8t&8 in to T*rtitè off eath assèt ov8r ils èstvnated usefvl lrfe. Computer equipmert Tan￿ble fixed assets are stated at cost rff dBerr*d 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 re*ised, are induded in the Staten*rt of Finarn?al Athths. Taxatlon The charty is exefflpt from cc1poi*￿ tsx ￿ its ¢hw¢atAts ￿1￿1*$. Fund accounllng The Christaddphian Meal A Day FuThl mants*)s a gèr￿181 unrestr￿￿ dasgnatèd fund in a¢jdIti￿ to restricl&Y fu￿8 that are ￿ed for ewmathed dc￿011￿5. General unrestricted funds can be used in acc(*rJa￿ thantable o14ecti'¥es of tts C￿stadelphIan Meal A Day al the discretscrf) of the tmsi8es. Designated funds include *t asKle by the trLtsloes lo furxl fulurg pr(4￿. ReslrKted fijnds can only be used for pa￿"0￿13r pU￿rISeS wthin the ob￿ct$ ofthe charity. Restrictions rise when speafied by the dC￿r 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 fO￿l￿rt ¢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 r*e 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 cla￿fied and aCcO￿tell for, to Ihe Substan￿ of the conlraclual 8wrang8rn￿t. 88 either ￿n￿K*a1 assets. fina￿1* 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 dC￿￿tionS 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 pul*ity 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)vema￿e cosis in 2021 10. GRANTS PAYABLE 2023 2W22 Grants 798,852 1003 467 The total grants paKI lo ¥￿trtU￿n$ ￿r￿￿j th• year was as f￿h)￿. 2023 2022 LONGTERM PROJECTS Complex projects Christadelphian Sthjol. 8enakuma and Bcxjcwj Christadelphian Centre forthe Bl*id and Crovm City Sctsy)I Chwde Lela child￿n'S Home Nalondo CBM Primary Sch)ol Chrisiadelphian MaD Streetkwjs. F￿t0* 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 ￿ed￿￿neS 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 e*h less than £5.0￿ in curr￿1 year 15,268 44,741 14.624 16,973 8,798 4.104 64,113 Through partner• AmvJos Ashanti. Gh￿a Christadelphian Bible Misson. wèls arKI Christian 81￿d 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 Inter￿￿e 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 sU￿10rt co8￿ Indwle 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) matt￿SeS Lela Home Work in India ECD Feedir¥J Programme Kenya Imathoka ExI￿ded 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.$64) 1132.8891 132,8B9 560,373 219.735 862.672 (82.564} 780.108 Restrictsd funds Uganda Borehole Nalondo Mattresses NamaoThJo WaterTank Lela Home lsses Movèment in funds Unrestrlcted funds General hjnd {951.2181 121 182,5641 Restrictod funds other proects U9and8 Borehtsle Nalondo Matt￿$?$ Lela Home K8mukuywa Benekuma School Work in India ECD Feethng ProgF3rM Kenya Imalhok8 Extended Fe&thng Nalondo He*lhcare Chwele Primary & Namondo ECD 20.481 {20,4811 (6291 {629} 50 11,516} 123,000) 118 1,516 (3.0321 123.0001 118 5.150 15.150 7.381 5.035 {5.1501 112.7111 17.3811 5,0351 2,439 54,881 77,4191 22,538) TOTAL FUNDS 923,S37 1.028,6371 105.1021 Funds The charity provKles fvnthj to Wg1-g)vfjmed. k• m¥w)8d pro1￿ts abr￿ *ilh a ￿rrent fo¢￿ primarlty on developments in Afita. The maMI types of prwg¢ts are.. EdUCath￿ ethAd care M8dical Agric￿1[¥4. I(￿d. water awKI sanilali Sdl-reliance *KI genwal Pa99 25 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 part￿￿￿r wc1￿t aryj Ihi% income b5 rnstr1￿ to that project. The balarKe on restricted fimds repre￿tS the unexFthd•J p(fft￿ offundir¥J received. Actiwty on a specAfK rest￿ted 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 dIv￿ed into thirds. one Ihird t*irKJ 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 9￿￿￿1 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•￿i￿nents fflatwing vthhin one year for the forward purchase of foroiw Gwr8rKy (Keny￿ Shillings) lo a tolal va￿e 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 fO￿ard contracts purchased amount8d to £67.769. 23. RELATED PARTI DISCLOSURES Trust8&s have m* don8ti