REGISTERED COMPANY NVMBER.- 06959615 (England and Wal•sl REGISTERED CHARITY NUMBER.- 1133337 REPORT OF THE TRUSTEES AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE CHRISTADELPHIAN MEAL-Ai)AY FUND Johnscn Tidsall L*mited Charter1 Accountants & Sithtw AudTrtc 818urton Road Derby Derbyshi I1 1TJ
THE CHRISTADELPHIAN MEAL-A-DAY FUND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 P•99 Roport ol tho Trust•g8 1 7 Roport of th• Indop•nd•nt Audlto 8 11 Statwnent of Finala1 Athili•s 12 Balanc• Sht 13 Cash Flow Statwnent 14 Not•¥ to tho Cash Fl¢Mf StalBrn•nt 15 P4ot•S to the Financial Statements 16 10 26
THE CHRISTADELPHIAN uEAL-AAy FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEh18ER 2024 The Irlee$, w9 a also direiAors of lh¢ for the purposes ol Ihe kl 2C4)6. present tsir report 1h the financial siai8matts of thÈ tharity for the year 8TrJ8d 31 December 24 The Irustees have èLlopted Ihe provisk)ns ol ACCnIg Reporting iry c¥14$". Slalemenl of Recornrneryjed Prathre apphGatHe 10 charities pp8ftrvj Ifeir attounis In aco)¥dan¢e w¢h the Finanual Reportlrg StaTrJard applKable in the UK Rewbl¢ of trelaThJ IFRS 1021 leflecbve 1 JanLOry 20191 OWECTIVES AND ACTMTIES Mission $tat•m•nt 'Ow intent is. as a vMtnes5 ID io share the recve Irorn God thos? th are reod In IhE lÈSs4eveped p8rts of the YJrld' CharSty's obieclvtrs We seek lo benefit Peop and COnllLmth5 Ihwh $LtstsThble. ¢knvrptowth kxjl prwects. o help 10 rèl¢ve the effects ol hweer. dis6as. disobrfity. destitutw and homelessngSS'. o prote a9rtuttvre. can waier. b8 allIre edtn". o encouiage ShJ, leanThr£ and to olhers commwwty desm8nt. Con5ewently, we kuS on thB reliefof need of tr pthatAWts of deVe1w tworta COtrieS INmei habtsrt5 01Sh couniri95 Our 014'eciryo5 are rK)t aIrn at In emer9erw and disaster telief situatlDn5 or the witn5 lo ow l#th. bul we kaise wilh ollr thants¢s the CSIade18n slIan FuThd aTrJ tk cls18delptr1an Bth MJSSA, which are reSb¥ety ft¢Ltss&J ¢)n afea5 Principal ¥roas of work The tharitvs is on Thelloveired. Kxawyrymanw IIevek)KMl [jts in th"¢a. We also work in Europe and the Middle Easi arxl altewatg po¥wty srj ty immwyants m¢0 Europe. In we have svpwjrted projects in 12 couninos in 2024. In AlrKa, lh8 charity has threclty SWFQrt•d: . 14 eaty child developrnert pwogtammes fv)r we-sctr#JY th"&knn: 13 adLIt literacy classes. . six sckK)oL5. two ol wh¢h have dIrJ.. one prgltsminanty for di58tAed chddren •N1 ler lor vulneraNe ctrMken". - ¢hikJrn'$ M¢s. . sckool feediro progr8mmes." - Iw) k¥ogiammes for pro5y and TB sukpyt.. . one programme to SUPFQrt Vulr¢ streei cNharen.' . one een1r for di5abbJ chJren. ai¥J - one materThty eh"nt. Th8 IStaS do rN)t havè or seelL to Èxercise ujnlnl o%rary propcts. 85 Ih"8 li2s 1h kxal IM)ards or p8rh)ers. S8parat8. indepewKlert Chvi5tJlw Meal a Oay rtwftties opwal• ALkStraha Icoverwry Asia arvJ Pacthcl gtKI the USA l(overiTrJ Canada. North Soulh Arn• aThJ Cwibbeanl. Prfnclpal lundlThJ soure•s rhe ch8rity opeoles 88 a ILnJ in tsre vffj praomn8ndy receive don8n$ from members of the chilsladeknan churches. PublK Benefit tfUStees have erred lo th8 irdonn81KJn C181 in the Chwity Commi5won's ger*r81 gLtyJ3nce on rIllS when loviewing tho chant15 3ims and ObV@s. Th• IruSE5 kx>k to a55855 that plect5 cornply vAlh ¢)ur 04ecbvg5. sustainable ¢Jeliver long tevwn bwefits to ra1 ciwnmwiitEs ar¥J operate sen5ItNe their culture aThJ conlexl. The proieds suppjrted by chanty are open to all muni5 ¢4 kscal cllty wherE the proiEct 15 Situated. proded Ilw meei the need criieria. Mèmbwshp olthe Cls18d81ph1•n (x)nwunrty is rwer any of preqslI¢. Page 1
THE CHRISTADELPHIAN MEAL-A-DAY FUND REPORT OF THE TRUSTEES FOR THE YEAR eNDeD 31 DECEPa8ER 2024 ACHIEVEMENT ANL) PERFORIAAIKE Ch•rltable actt¥ltls In 2024. the tharily rmnlled 9rant fuTrJirg of £894.44212023. £848.315110 a fange ol prctects in 12 tlmmlries. Th"s bs up 5% on 18v815 grarted In 2023 ar 5° on tl average 9rants over Ihe Mst ekjhl yeaT5. We avwty5e our grant e¥perNJrture Several way5 fvpaTrtive5 for 2023 are 51XP In lyackels We a¥aAaE4e. y our obj¢cti¥es. Fedry water wojects for 30Qh 137Y.I. IK)mes. rmphanw arKI edv¢aticffi 42%141%1.' and medKal. hy9iene community selphelp woi¢cts 28% 122%). The trustees seek erowe ihal each of our objeciives broad receivgs a level of S4JForL L1 Ihe rA)Sts in lxnes. orfvn485 and edWan prevail kns. y Iho natur• of expeThJiture. cosis 81%17)". Cwal Thesiwt 18% 123%) aTrJ repay and MatenanCe 1% 11%). y COtrY. Kenya 55% 170%). Serra L&)ne 16% 110%). CamerrK#) 15% 18%). GhwK4 4% 15'AI Ihe ba130ce of 5petvJir¥3 in AltiGa, Europ¢ and ihe le East y partner ThroL8h one ofour charths 17%118%1'. direct •) projxt tty)ards 83%18Yhl. y fr ¢ornmitin•ntr. Pn3 th rewre C4)mMi¥nB6%l64%j." tsne-tsff yoiects 14%116%1. We to ts)mmurta wrth ambass&1ors. w arwal gerwal meets"rvJ. aThJ Pseij upd8tes ai churches acmss the UK. The Irttslees mcffiilof Ihal each to operate lo fv.gh slaThJaffls of operatiDn. child saf8guardiTra. ar empk)yrnent vac1& WDwal8 to the area aTrJ oxntry corcemed. Teaffts vtsiled Kenya in the year to review ano suppori severa¢ projecis. The Charity has SUPFVrt projecls njn by 9 patheTS n 2024 ar¥J 11 wtners n 2023 th) wgre.. AshathT Develokmmenl, Chrislh8n 811 MissJn. Chrislm Witte1 Fthe ViSiliTrJ SeNth. Cornmw•ties lThtwlive FaCilatn Assistance. G)mmunity Outreach Program Trusl. Gljbal Care, Kanaaffja knterxlrye Comrnw¥ly Kenya Rainwater Associath)n, Motwaiign, Partners in Educa. Ripple Effeci, Toc4s for Sell.Relk2nce and Wlw KK1s United. Workmg with partnèrs 8nabl85 the ¢hanty kn admeve rts otyttthves on a larp scale arnj vAh trwer Iton dirsxtly. We a very privied to be awe to tjiredly support in g)me ovw 2.200 &1ults arKI 10.700 c4)ren aThJ provwJe fuThas for over 1.019.WO meals a year. In addwn. ty0h our ¢h8nty partwrs, we heJ supr<)rt a f(11her 2.900 and 6,91K> clildren. More infornat•Jn atout prDjecl8 by knE ILnJ. irthlwYJ newskn, can be found on the chantys si18 . ¥Nrn.m•a-84Jay.¢rg R•port$ to thg Chity Cdmmlssion In FeboBry 2024 (tharity report&J to Qwrity Cornmb5SK)n alegaty) rn•Je atxrt Staff memLErs at LeLq thldren's Home. These siaff have been w)vesiigated and we sJ to rep)rt Ihat we have ceased fL¥JirvJ 11)e prttieci. as havtr our co. dow[. A9ape in Actn. As stewards ofdonors. fvrKJs arKI as 8 matter ol 9X JVemare. fv tntslees arxl meryoers of the managemeni committee seek lo s(Jenify kw lear¢wrys from 1rN¢s1iJali¢y aAsir¥J from whi$e*)$. lo ensure trai processes are char¥ed 10 minimise the risk of Howver, bt be thai an sh be rx•mrleiety reV Page 2
THE CHRISTADELPHIAN MEAL-A-DAY FUND REPORT OF THE TRUSTEES FOR THe YEAR ENDED 31 DECENJ8ER 2024 FINANCIAL REVIEW Flnanclal Y•¥lew The truslees conshyer the performarte be satsfaaory. They have re kty kyleS. undertake apppriate risk assessmenL8 arKI love rrthlhfy bj 8tsre appropnaie tbmely managemènt inlormalNJn is available. IrK(xne wa5 £79S 000. 8boYe 20231£729 7851. Thts ffle is made up of Cat, relar donalhxs and one-ori donations Regubai donalijrrs from thutd were 1% gi £578.405 12023 . t584.8181 aThJ one-oN donalions sh as kgaci¢s [01$ catthi rtra$. up 49% 10 £216.591 12023 - £144.9671. Both cat930rS ar• do4 8% on the eh1-year average. Wt e very grate1 lor r)eft donaborts. or caiMtsI [je$. Rewkr income is a key measure lor us as it ts thk% Ihai Ivnos Ihe k)WTemi pwts 8WI nstraiN$ wouk1 be iequireo Shou fegular incxjme Iroquentty fall below anrwtj kM¥J.ierni costs In 2024. regular Income was 75•h of grants made to bng.iem) project giants. Irom in 2023 2022 T Is due to Ihe complexty of projects incrgasiry hish local inflation t bÈirKJ offset try a stroryer rKJwM1 or mng ir 18vds. In Novèmber each year. lh8 trustees carefLAly cortsider regular income I?ls. Ihe value of unrestrKted fUS and ne•Js ol Ihe wojects L? aloCat9 grants Jr lh8 followirg year Trustees rnade commitments to kyxj tstm pro@$ for 2025 amcrtjnbro lo £705.145. The wular wim8 r•ceiv8tJ in 2024 covered ol kn94ern kwect5' opevabng cosis. Totsi emperltUre Ill1[j Ptoject emperrfjitu dw¥ssed atr). was £993.42812023- £84e,5791 after extharwJe losses ol £68.201 12023 gain- £49.4631. InVesent gafft am(tht•l to £8 12023 . £21. Th8 total serVeS decreased by Ihe bss the yeai of £198.42012023105s- £118.792110 £469.036. Olthi5 £26,325 8 stsled fw•15 ksr $petif proi8cts. Proiecl expendilvre relates to commiiments mJe to prciects in one yeaf. ts furfs often beiry sent in the fo)wiNJ year. More fftbmialk)n * availatAe in Nole 7 b the ac£ounl5. Expenth14we on raisw fwds. ¢Jirecl costs gOve o)sts 15 carefijty conlrollv•a aryl amowrted 10 4.0% of don8t)n5 and legacy irroffle This knver Ilwn 6 8% in 2023 as IIM5 Pres0 a huh nurnr of pfoj&Et Ill5it5 folk)wiry Covkl 19. Overall. 4.kn refflect5 Ihat ol the rrk d tt ¢tharty 15 urMJtsken by )ltEerS èrxj th it dDe5 nLIt Incui spjrtthcani cosis in lurKSfai&ry. Tr••sury poll¢y 11 is Ihe rrt)licy ol the charhy io carelulty rn¢0r and m•)age expJsLe io forew exchaThJe movements. ensure 5uFfieient ash avaL3b18 for 5hort-teffli needs pe Jdilw)nal ) gain a tuM commensurate wlh the risk. The charity has appointed h¥0 a uJrrency w)¥xJer the ch¥ty ¥4ainsl the 14sk fl •ry IvWf lleI lIK>rawal of bankiry arr3ngorn8fbts and keep these th1er re. R•$•rw$ pdlcy The Irustees are aware ol the vlab nature of its (k)naled irwne •KI ts es1011r¥j c051s of food arKI lobour in our p1¢¢1$ in Africa. Conseyrty, as ex1sai abovg. IW s¢¢k lo balarte propcts Ih2t are 0-Off aTrJ th9$9 long-i?m) projects that wesent an oNJ(Mn9 financkfil obknJalH)n 8Th1 ¢h8t are adequate to manrfe a dedine in incorne. At 31 Oecember 2024. our reswves equa b) 6.5 fftnIhs 12023- 12.3 nyffilhsl of operalir8 0)sts for ouc long-krm projects aThJ cash fomard ¢))nlr&ts equale to 17.2 ofcA)ver. The trlee9 are o)ntenl with th Ie1 of cover. InCded in the total IL baL9e as al 31 December 2024 t5 È28.Y2512023- £3.6741 WJ in rtr5trithd fuTrJs. rep[nting restricted donalM)ns receNed. thich ill be passed on by the trtssttts to appropnate pmjects thèt %tord with Ihe stated wishes of the do1 arKJ wlh the ain5 ar¥J ots"ectNes of the dwrity. The of Ihe Iwds al 31 Decembpr 2024 or £442.711 are Yiee, $Èe$, are avalable 10 be used by for projetts meeiry Iho aims obieciives of the charity. Page 3
THE CHRISTADELPHIAN MEAL-A-DAY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REViEW Golng CO81n As al 31 Mavch 202S. ¢hanty has cash bal$ of £1.021.(W. ol lch I1 £423.(KK) is alk)Cal appv prqects In(x)me for the fi(st quart81 of 2025 wa5 £177.(110. ol whth regu Iwjme ts 2 6 A Iighef Ihan the same penod in 2024. 0 th basis trustees have (x)ndu#ed that d 15 re&%)n3t4e lo assume Ihal Ihe charrty 11 conbnw Io operate and m88t rts li8111 a$ they lall due lor al leasl the 12 wrf)rth5 loJk)wry thB da18 of apwoval ol Ih85e Iancial slal8Nvan15 and. IherBfor8. Ihal the go9 cern bg$Ns ts PTeparaly)n of fiwoal strtts ts apprormote Post balance sh••t •wnts We a sad to report trat we have ased fundsr#J of Lela CMJren'$ as has our trJ4ornr. Agape n Acknon We fund projects whefe we support Ihew purwse aTrJ have ¢onf¥Jerte In Ihe btsard of marogernenl ltr g)verTr them wdl DLhing the last year. we have knsl (x)nfKJence In of rnana9omenl at¥J &ier wth the iw)ard Otstt¢t authoribgs and makiry provL%K)n for Ihe th1d1. have ceased 10 furo Ihe pffjjeet. PLANS FOR 202$A BEYONO In esbIth1n9 t4ans. Ihe n¥Ie¢ed se¥eral fadors The trleS h8¥e for rn8ny years recogrffjed thai tt mapr risls ofJ (4wty KJ we lu1. ffj thai Wy." - knleiacl Iwth vulnerab peOe coukj te e¥Sed aiwjse . Rely on kncal bods lo manJe arno of luTh1$ %¥lh aTrJ fv5e sklts may and devel(yneni . Need k) operole Iota and Ihe skongty regdated th•ity s$T UK Ovèr the past five yea. we have èxpw0&j L4SLW In wrilhjrnwn as bcal vM3n¢0 affangemenis do nol rneel our crileiia. Sècondty. Kenya has a0 Inty(Ktu¢ed w legian. Edu¢aiK)n &1. 2024 and The ¢[en Aci. 2022. Ihal d¢mart¢$ hhjher standards trorn prEsJ arth. Fw Trwe51JnEnt sclw15 and a rnove vay frDm thILlrEns IK)rne5 to f05tering Finally. the Income of charly has rnl pace wmh the rea3 ojsls complexity ol woiects. Wth kn's ba¢WouTrJ. the Iruslee5 have e5tablisld the k>lbvv¥J three.yeai aMbItn$.. . Art)itron 1 Cortinuo to Improve SalegwdiThJ - Ambilion 2 Impiove Pro1 &)ards - AtrilNt#)n 3 lrnprtb¥e communtslxpn wilh our (ka)rI7Mfv The sa189rd•rvj of thren li rw4ects ts tyjr lsi wity. We have the gwouThY traiw for stsN and thikyren in larye WDiects. el¥)red thtthn ol arKI recorilment of sockgl w(xker5. mI trainiw ol UK Iwsiees io supplemeni DBS ¢e¢ks. wNures do rnt ah¥ays $algJuard clxldren. t many counlrie5 have recwtly inknIed new le91¥alTr to rHotl Th3trts. We aim b) furthw syort propd boards. staff chiklw in our seven 1&X prcieds to meel rw lekisl3tn arKI adopl 8 cvllwe thal protects chihjren. decisvro to lund proiects are based on the mdits ol the project Ihe sreWh ol Ihe Pfoiect t¥)ard. Pwject boards need to be able lo manage ireasity complex rreet Iwjlrr arKJ provide ongoiry elfedive oversighl 1¢ projeth. We raquiie an irtreas8d ¥el ol asswarte Imm profftd boards in many aroas, induding S8feguardYJ, Iinances, suc¢e$5K)n ar th8 thalw the pr¢vaiiry ojturn whth restricts ovetsJhl. We aim to Sukwrt pIe¢l trKbards ol ow MPleX voi1$ ky the r6yuiiwJ I9¥ ol governance wthil Mant?1rj ¥tror¥J sponsofshp links to k<al Chiistadelphk?ThE. Our donor commrrity sportS us gerWoty aThJ atS opera. )mO plateaued hi* yoiKi ¢o$ts ano opp)rtuThties lo show tyJr farth t¢Ile lo Iwease. We am to MalaIn aTrJ our wb)me from sjur genètertts tl¥owJh ow fwjbxk. markoliry and 8mba$sa(lor prc•3ramme. We 81$0 aim lo cdebrate OurNe in 226. e4
THE CHRISTADELPHIAN MEAL-A-DAY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTiIRE. GOVERNANCE AND MA14AGEMENT Gov¢rnln9 do¢um•nt The Chrispan Meal A Oay FuThJ is è company kn)iteO by guaraniee. as defin by Ihe CompwY85 Act 2008. and rggislered tharity govemed by its Memorandum and Articles ol Associa11. Charity rNmber'. 1133337. Company number 06959615 (EngIar ar WalEsl The max1M (MInbut raqred by membets of the cttmpany is an arnount nol exceeding £1 ev1 ol Ihe company beHW Und up. Under the PIerrauM 8Th1 As$D[ia. any 5urplu5 of assgts Iiabiliiies on WJing-Up cannot. urKlei any otCLwnslarKes. tre di5trtsJeé to Irustees, bul Shal be given or transferred to some other charily or writh sJrni&i obS to tt¥)58 of T1 Chri51adeFplMan al A Oay FLMXI. The charitae tompany was ¥icwèied ort 11 JY 2LM)9 arn1 ¢ornmwK•d Irlry it dalè. Governance and ffl#nag•rnont The Iru5188s armj other rnber8 of Ihe management conniltee bn.ng adetsW. ffftanual. sirategc. 9ovèrnarK&, cornrnuniuiion and operalKl skills aNI Ic the (tsrity. cgpablty ano ¢apaw ol the mana9emeni cornrnitt8¢ ar S£$s)n planniThJ for key roles is kepl uThJ2r review. The Ivu51ees managèment committgé nwi (Cwf in 3J24. B•tt48n it$ mè8biYJs. èn èxè11 tt)rnmitié& COns11ft9 ol six tnJ5tees cthjucts busiS ol Ihe wmthin cutsin deatBd a1)reS and dearfy defined management respon51bili1s. 11 foHowod Iho Chavty G0vowr9 Cth• in 2017. The charrfyerYJ3ges 5pecialisl adviyets Irom time kn time tn Il UK lo $111 ffi ¢thgwoiThJ rts du1$. TrLL%iees and members of Ihe Margemen1 commitlee derv¥e m r•mur¢ralbx or pers91 ffftawal benefii from Ihe chaiity l)atsoever. The thariiy iiseff has rn [)Ye¢s. R¢cmilm•nt and •ppolnlm•nt of ngw tru$t8es Forrnal polcEs and woc&Yures have b&n adopted &)r ¥¥Jucti)n training ol new tr(L¥teès aTrJ rnan8gernenl ommrti¥e tnèmbrs A bnef rèsL4n& of Ihe c•N1¥Jaie LS ryrojated io att ex19 managemeni cAMnmfflee members for I1r skleralM)n. extslw rnembers CLwKlucl 3 pyopety slnKtured tVieW Wilh candidales If the memtsers are In agrsement, the candicsale Is irTid to aUetMI three rpeebrw5 for a FerK)d famikari5e lheMsees ¥ith the wrrkiros ol Ihe charrty. Wlwe possiWe and owseas v$its wpcts are en(raged to gain firsi-hahd experience. Principal risks and unc•rtalntfi8s As part of tre business-p1 ry0, mgmbgrs Ilw morwJemenl re-evalualed the risls of the dwrity. As sel atove. Ihe major nsks •re." . ProjKts wlewact with wjnwatrle peoKAe wh) be exF¥)sed lo ae . Projecis ty on local boarfs w manage 9grmfanI arnOts ol 1h ntg3rty t#)se ski115 m reed support an¢ developrnent . Proj8Cts operate will¥n kx¥ la¥Y& arn1 StrOw re9Ldd dwity stttor in the UK - Incomtr is rL>l keej pace wdh $ts. w)Iw&ialty l) a s(x)pe in wipcts or a numberofpffj The fflembers of fflana9eme mMittee o)nbnLIty roviow a ulmpr0rlW¢ rsk rogisièr of rategiC. fM)artièl operational risks and have estabhshed resFK)nsitikties. syslams edre5 lo many Ihese. Ow rA)mpharte director oporatos os a norkexec4INe provbjes chaMer¥JetO F0ceSses. risk rnan•3emenl and control%. The managemenl committee Trjrrnalty seeks lo milwjate kS by visiliry mapjr 0ThJj projects regukty. aThJ by oblaining qualily financial and op8rational leedback lrnrn al woiects and rtners. Trainiro mentonn9 gNen to Ic1 bDards of govemors where appmproie seek to ensure ttre surgNts proiects by SLNtably oualifd peDple aTKI adner5. These 9gnifan1 repLAalK)nal risks. wh"151 r1 ab to be elftmnaled. afe carefulty maged anEI the mantyw))ent ¢ommitlee seeks to matnlan ltr West W ofg)vernar for tha prolection ol our proiecl b8n8fKiaries our rewtalion. ApprKiation The %hYJrk of charily be knteers. PJKI t *vrk ot al ts m3nagerrert commiuee. members arf finance team is fflh aFyegaled. Pe5
THE CHRISTADELPHIAN MEAL-A-DAY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 DECEM8ER 2024 REFERENCE AND AOMINISYRATIVE DETAILS Regl$tered Company nb•r 06959615 IErKJland and waesi R•oister•d Charfty nb•1 1133337 R•916ter•d olficg 81 Burton Ro DeY Dorbyshire DE1 1TJ Trustee The members ol the mana9ernern tommrttee seryirg dun tha year the year afft as lonows. Trnstee• R 8ezanl R ChurchiN J Dale Soea Pd Easl M Ford C Lawrence P Lawrenc8 T Roulledge R Walker S Walkei L Whilehom Treaswer Chaimian Company Setsry Ire¥wd 8 JLffte 2024) 8 June ?024) (resig 23 February 20251 Charity M•mbEr¥ A BroDker E Brooker De Witt E Huckaul C K8nt S Kenl NA Perrym B Walker The tcThparpi's arttles reqLMr• Ihat tre $Uld be not 5$ Ihan Ihree Tr)t more tlw fifte8n trustees. New trlet5 arKJ members of the managwn•nt ¢ommilt8e a apwint6d by approval of the after an open recrLHlment pro5. Inlervmy aThJ allerYance at Iwrj gent corn1[ee meebrw. The day404ay restroIbfy for maenrt of the ¢h ts delegw exAtive rnmIttee. There are ¢)JiMIty 44 memters of the chaTty are by thè trustees a1 have tho ri9hl. Wrg51 otr$. atlend and votè al the anThJal gener* me&tivJ aFKI aprKJ¥rt Wuskn. Audllor• johon T$#41 Lvnrted Chartered AccLMJntants & Stalutory AL¥Jil 81 Burton Ro Derby Dertjyshire DE1 ITJ
THE CHR1STADELPN MEAL-A-DAY FUM) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES. RespoNSWLtrEs trustees Iwtho ore akn dw8Ctots of Th• Chrlslèjè1WaTr Mea A Day Fund purpose5 of ccthwy lawl are Spons) fv)r pr)ng t R•FrfXt ol Tntst and the ffin staomnts m &¢ord¢¥ wrth apFIKabb Igw and Uniled KngJom PL¢ounthng sioTrl¥ds (UThd Krykn kcFled AccourthrvJ pr#). Cofflparhy law roquir•s Il tntytéos to wepar• financial $lthenls For each firwo¥ y•ar vhch gNe 8 trug aryl fair ol th? state of arrairs of the Ch)'13blè crpry ol thg resotsK•s and ar•katon of resourees. irtduding Ihe irteornè and e4)ènditwe. ol ts dwrtst48 c¢Th)arty that pèn(4. In preparirrfj h)80 fin4 Ststements the Iruslws are r•qre 10." . $818ct siitrdble accvjnts'ry pdries #rvJ tW wpty Ihem cfjwtth., )bserve Ihe metltsjs and prnKips in Ihe Charity SORP. me jud9emonts èstimates that are re8sonAe aThJ pntsnL 1xepa the finanoal stalgrnents the wr¥J c•ncem basis it 1% to prnathi• that the charits ¢ompary fjll continu• in busiss. The tsuste8s are r85ponsibl& for keapiry propw #cni"l¥j records. wh¢ rftsdose rèo8on8ble actY •t any time Ihe financial ptssit gf the c¢wny and enat4e them to wre Ihai finKial statements compty wilh lh¢ Aci 2(. Thffjf ar8 a150 r8SFx)th Icf safeguathg thè ossels ol ¢ryrwThy and he IOT reasonable Steps lor t detect offraud aThJ irTogulwties. In so lar a5 Ihe tru51ee$ we w¥e'. there is no relevant auth"t in1amll ofwhth Ihe rknab •JJi1ty5 ¥e tm•., aN1 the trn$tees have ten sl St ihai tw oyght lo ha4E tsken to make Ilwnsehs aware ol any reknnt Budil inform'cffj aTrJ lo esthblish that audrtors are ¥ware ol M inlormab"on. This f•WJrt has boen prepared in XCOrdar 5PEual of Part 15 ot tho cornpan XJ06 lats"r¥j to Small companw. V4L loi c ordor ofthe t)o¥d of1¢1•9$ on ......................................_..... t) its bthallby. Poge 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE CHRISTADELPHIAN MEAL.A.DAY FUNO Oplnlon We have aLlled Ihe finatTh)al siaiemeN$ of Chrisiwje¥4)I Meal A Oay FLTh1 (the Charilab cAmpanYI for Ihe ygai ded 31 December 2024. wtrich ts)mwtse Ihe Stanni of Finartial Acliwl. ts 8818r Sheet Ihe Cash FIDW Siaternent noles lo the farla1 statements. incknYiThJ a smimary ol sgnrfwt aceountiry pofKEs The finanoal repx7rling fiamewDrk Ihal has b8en apF'ed in Ihw pieparal i5 aprArAble IAW arKI unit Accwiliru Slanc13rds Iuniled KIyo Generally Accepted kwtiryJ Pr8ciKel. In our opimn lh& finanaal 5tatemÈrts'. givg a Irue aThJ fail view of the stste of th8 coftwnls affaits as * 31 DKember 2024 aThJ of Its Incorn resources applica)Th ol wources. ris income and expetwjiture. for Ihe yew then ended.. liave been prwerly prepargj in accord Wilh Urnted Krylom Gewaty Accepted Accounbr¥J Pctice." and have b8en pr8paied in acrdance wilh the requwements of the Comparies Act 20C6. Ba515 lor ¢)pinion We conductéd (Mjf audrf in accordante with IntomatiorL91 siaThYards on AwlrfiwJ IiM(I {¢SAs IVKII and applicable law. our re5pDnsibililiE5 UtKler ISe 51arKlard5 a further descnw Ihe aLKIrt0. re$FnsIbIlIS f(x a11 ol Ihe finalar sialernents sectic of our reFort. We a Irmlepertenl of Ihe Chantab company in accordwte wth the ethKal requirements that are relan1 to our athyil of the fina•31 Statnts in UK. Ir1j1) FRCS El81 Standa. and we h8ve lulfilled our olher ethic reswr61bifs accordance with these reqWlS. We bethfa thal ts •Jdrt en9 we have obtai is sulfio8nl aThJ appr[bPIo to pro¥wJé a ba5i5 ts our ry)in. conclOn$ r•latlng to golng conc•rn In auditing the financial slalements. we have condLwJad thal ts trustees. of (£rtem bèsis of accounlry In the prepara1n ol Ihe finanoal slatemts Ls apwwiaie. 8ased on the woik we have portTr1. have rK)i Ide arty meml UnCertatieS re1 lo events or wTh1rtiDns thal. iThlividually or cleCtelY. may cast sigrifKanl dwbt the ¢harila ¢(ffipa¥rf5 abdty to cont•we as a going cmcem for peld of al leasl IweFve frorn Ihgfironclal siakments are aulrised lof issue Ow respSibIlItieS and the sPonsS of ts Intslees with resptd to wirvj are de5uibed the resevanl Sèct5 of this r¢pK)d. Otmr infomiAtlon The Iruslees are rewnsit4e lor the olher nrf)miatDn. The Otr infomvtKN) ctynprises the In Ihe Annual Report, olher than the finarKial 51atemerrt5 and our RgrKJrt of tl lThJepeTrJeniAL#JIlO¢S lhn. Our opiryon on Ihe firwrKial Slatert5 1k>e5 rw)t cover Ihe other inh)rmation aTrJ. excepi to the exteni otherwise expllltly stated wr report. rnioxpress ary kjim olassstsance cort51)n thern. CA)nneCn wilh our aj1{ of the rMala1 ststsynwis. our rr111ty to read the other Infornation and. in doing so. id8r whether the Otr irformalion is matwi¥ty IrwnsisienL wlh the sIalwTrts or our knDwledge obtained in the audit or otherwise appears to te miiaty mi5Stated. If we enIty sh malwd YulnsisieS or 3ppareni material misslatemenls. e are iequiled lo delermine whelhew lh gNe5 rise Iv a mateiiol m155ts1ernent In Ihe finala1 $tatemenls Ih•tnselve5. 11. based on ihe wovk we perfotme¢J. we thal Ihere is a matsrial rNssta1eml of this other informab'oo we are reqwed lo retmyt thai fact We tr4ave io reFfKt In Iho rega. Oplnlons on olh•r matt•rs pr•s¢rfb•d by th• eomp•nlos Aet 2006 In ovropMnK)n. based on the ettsken in the co4w5e ol the th? infom)alion given in the Report ol Ihe TrLsiees for the ffft8noal year k){ Iho finwKial 51atem8nts are prepa(8d is rJ)nsislenl wth the fina481 slaternenls". arKI the Rep)rt oflhe Twstee5 ha5 been prepared in araeih aWtab Wl Wirek. Mattor$ on whl¢h wo •rn r•tylr•d to rwrt by •x¢•p In the Ih1 of the krh)wledge ¥rMI m1etslarKffj of Ibe claNe comwy en¥¥LMnI obtaThd In tr )Urse of the audit. we have entified malerial missiatem)Is Rwrt ol il Trustees. We have rwJtNng lo ort in of mattots whtrB Comparies Acl 2Crf)6 to rert to YDU il, in our opink)n'. adequate aco)unfy"ry records have rKJt been kept or tL$ •J8qu f¢¥ ¢Jur ••Jitha rrjl been leNed from bcanches ntsl visiied by us- or the finarrial statements ao rnl w) ¥Jre&nent accgurting records 31 rett¥ns: oi cwtsin ¢isdosures oftn&Stees' remuner) by law are rnade: 01 w8 have fiol receNed all the inf0rrTLa and eWanalKY6 we reQVi for our a111." or the Iruslees were r1 enlilled lo lake aJvanta9e of the smal compans exempw ir¢m ihe requiremenl to prepare a sbattgK rèwrt or in preparirwJ the Rep)rt of Ihe Tnts*es.
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE CHRISTADELPHIAN MEAL-A4)AY FUND Rggponslbllltles of Irusleg1 A5 explained r0 fully in the Stat1 ol TrLtstees' ReskxMsXw. ¥11et$ IW are abo the dectorS of the chariiable company for the pwrmises of company lawl resF<•nsit4e lor Iht preparalK)n of Ihe finala statements and for ging satisfied Ihat they gNe a IT aryl lax vie• for sh control as Iruslees determi is necessary to ab the pparat)n of firantia stalements thal are free Irom materi MISSM8 whether du8 to fraLxI or error. In piepariwJ the Ikiartial slat•iwits. Ihe IrLLSlees 3re restwyBiWe for asseswro lh8 charitab18 CLMmpanys abilily to conlinve as a concern. drsclos¥MJ. as apPb. mattels relae¢J lo goitxj CO9M and usir¥J tl 9ow wncern basis tsr accounbng unk$s Ihe trustee5 1her teThj bj liquujate th ¢tharrfatAe r4Jrnpany or to Tra5e owalhx*. or have lei511C allerr&liva but io do 50. Pag8 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE CHRISTAOELPHIAN mEAL-AAy FUND
Our r05ponsS14lltles for the audit of the flncIal statemonts
Oui obieclNes are lo oblain reasonabk a55urantt aboul w1t kn finala1 staiements as a wPole free lffjm rnaterial
misslatetn8nl, Wther dup to fraLM1 ot ermr ar to tsSL a Rewjrt of thp IrKlepeTh5ent •10$ thal Incle$ our opirmon
ReasonaL4e a$5urwx8 is a level uf asssJratKe. b¢Jt Ls rK)l a grat Ihat an audrt corted m accordan¢e with ISAS
ILIKI will always delec a malerial misslaten1 vknen li extsls. Misstaments anse fri)m frajd or error arKI 3r8
tonsidered maleiial If. iThthvhlualy or Ihe 8regale C1 reasonabty exfdp(J lo infiuence the onoM
decIsnS of user5 tsken on basis ol I1 stalernents
The ex11 to whrth our prc<eduie5 we capoble DldelethvJ ¥regulariknes ill11ng fraud deiaikd tebw.
Idermwng alKI 455essry PDtenlkryl rtsk5 reld ¥lVJrtsS.
In Idenlfyfflg and assesyffj rtsks of material mr&si8lernent resrd of wukgrik5. ¥¢ILMJiwJ Ir8ud and non<omplance
with laws ard regulat, wg Consler0d Ihe louTra..
.The nature aThJ wnlrc4 ermromwt of ch8nly
.Our d15CU5S40ns wlh managemeni and gove1na wth1ing Ilw had lEdge of arty xlL¢I. wspecied oi
ameged Ira
-Th8 t¢rnal contro15 to fflf3 the kS of Fra
é a result ol Ihese procedLYes. * KJeThJ tyeast wienbal for material [d bj be in the l)MowiTrJ ws..
-The thnlfKJ of ere recogril#yi
.Th8 misappropriatn ofoverneas ItMThJs
-Unusud Journal ent$
.ManaJ9rngnl
1 response to iisks
As a lesl of perfomiry the above we IhB as k¢y •Mlil m8ttpJs rW to IhE PL1enl1 r15k of rnaterial
mksslatsrnent or Iraw1
.The ¢0yrIll ol d¢n8tws 8NI kn9acies
.The evaluatK)n of estimates in respecl of
.Tl amounls in res(1 of o¥erseas &TardS grted aryl misL6e of fmjs
Ow procedures to r¥5pond kn the Klwtrfi8d ir1led.
.ReviewThJ ctyiirc4s PLrt in pl ty board of tr81et$ ¥lI1¥¥j a review of thw risk assessmenl
-Reviewing rninules of Iruslee5' meetryS
-PerfOrmI a sample of mcome transathon tests
.Reviewin91ovmal entrigs for aryopriaieness wlh a Lrye or LWNJ5ual tran5actior
PerfoimiTrJ a rtW ol the fina81 slaiéments abNysKJe clckksts tri MI11ty any Un1 or un8xpKl8d
relalionshis or any areas of non u)mlanc
-Tesiiro a sample ol debtors to Slknsequent reMittS and carryir¥J oirt after4Jate of income
.T6slirvJ a Sample ol o¥etse3s grnnls 3warde
REPORT OF THE INDEPENDETrif AUDITORS TO THE MEMBERS OF THE CHRISTADELPHIAN MEAL-A4)AY FUND Uso of our vEport Thi5 rgport is made sokty lo Il chanlable o)mparry'5 rnembefs. a5 a y. aLronJarKe wlth (apter 3 01 Pafl 16 of Ihe CompaTres Act 2W6 ¢)Jr aJJil has been uryjertaken so that we rnty>I1 51aie lo the thaFttaNe company's membpr5 Ih)sÈ fflatte we are reqthr6d to state to them in alI{r5, for r#) olFw rxJfF. To Ihe fuUes18xlent pernilied bylaw. w¢ th rK)i &p1 or assume restrf)nsibty b anyo Ollr than its chaiitabk o)mpany the charilable company mernbers 8$ a boty. for0urlIt w(Mk. lor thrs fep)rL or for tl okYnKJns have formed. DavKf Mel CA lor and on beha enh?rStalutory AuJikl of &)Inson LinNted Chartered Accow)larts & Sialulory ALwJiknr 81 8urton Roèj Deiby D¢rbyshire OEI ITJ Dale. P*Je11
THE CHRISTADELPHIAN MEAL-A-DAY FUND STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDrruRE ACCOUIIT) FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total fvnds 2023 Total funds Unreststhl RèstyKj Notes INCOME APID ENW¥YMENTS FROII Donations and legaue$ 677.141 9Q653 773.794 711.723 8r trading actiwl InVeml lThxme 649 20.557 649 1.657 Totsl 729.785 EXPENDITURE ON Raisir9 flmds 717 717 2,723 Chath•bl• acti¢10$ Grants 918.709 992.771 845.856 Total T4.002 993 42B Net rfns on investm8nis NET IMCOMEKEXPENOITUREI 1221,0711 22.651 1198,4201 (11B.7921 RECONCILIATION OF FLINDS roial funds brought forward 663.712 3.674 667.456 786,248 TOTAL FUNDS CARRIED FORWARD 667,456 The te$ Sjrm part of these f81 s1alÈrnents P&J& 12
THE CHRISTADELPHIAN MEAL-A4>AY FUND BALANCE SHEEr 31 DECEMBER 2024 2024 Total fundB 2023 T81 lur CURRENT ASSETS Stocks Debtors Inve$lm•n Cash at bank 15 16 17 793 17.9e• 793 17.911 $65 10.256 55 1215.250 1013115 1.1)05.635 26 J26 1,031,%0 1.226.126 ¢REtIT(ThS Amounts 1ollrvJ (lue YAlhwi (Th y• 18 1562.9241 1548.6701 NET CURRENT ASSETS 679.456 TOTAL ASSETS LESS CURRENT LIABILITIES 441ni 28.32$ 469.V 679.456 CREC4TOR8 AJnounts 181l'r¥J aft•r mryg Ihan one ye 19 112,OCIJI NET ASSETS 667.456 FUNDS LInreStrKj fvnds Restslcted fvTrJ$ 442,711 663.782 3.674 TOTAL FUNDS Those slatomérts tove been Pr Mi wth 84•1"cAtl• ttschaTitabl• sU•¢t to the woal corrwanies rtgThe. stalernenls by ts Bwd ol for ...................,......................... d ¢)n its beh*lty.' 81 Page 13
THE CHRISTADELPHIAN MEAL-A-DAY FUND CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 21124 2023 $h flowg from QPOfatlng actS¥lties Cash generated from operaOn$ 2S,1731 N¢1 cash used in operatiNJ acb¥iiies 222.691 25.1731 Cash flows from irNe¥ting thctiyitios Interest re¢eNed 20.557 16.405 Net &4sh provJed by ThestiNJ Aiwb6s 16.405 In ¢ash and ¢gsh •wl¥ahnts In thè reportin9 poliod Cash and cash •quIVanIS at the bg9lnning of tho r•portlng pwiod 12Ql134) 18.7681 1.224.018 C4•h and ¢a•h •quiw•lents at the of th• T•portlng p¢ibod 1.013.115 1,21S.250 The notes &ym pan ol Ise f#iwal sia*ments P8ge 14
THE CHRISTADELPHIAN MEAL-A-DAY FUND NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENOED 31 DECEMBER 2024 REGON¢ILIATTrON CF NET EXPENDITURE TO NET CASH FLOW FR1 OPERAT114G ACTIVITIES 2024 2023 Not gxpondllur• lor tho r•port*wJ las por thg Stst•m•nl ot Financial Aclivit1•81 Adjuslrnents for: Gain on Investmen Inierest rtteiv&J Increase in 51LKks Ilnueaseyde¢yease th dobio Intre8se n ¢1¢or$ (198,4201 111B.7921 170,55n <228) 17.7321 4.2S4 116.4051 11301 62,FAJ9 47.547 N¢t ¢h ed In 222.691 25.1731 ANALY515 QF CHANGES IN NET FUNDS At 111r24 Cash Ik At 31112124 Nèt cash Cash at 1215250 202,135 1013 11S 1215 202.135 1013 115 Llquld Oep0$113 induded in 5h cent asset investment5 S5 64 64 T¢t•l 202,126 1013 179 Thg Thjles knm parf of Ise finaroal slatents Pa9e 15
THE CHRISTADELPHIAN mEAL-AAy FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2024 STATUTORY INFQRMATK The ChnstJelthtan Veal A Day CO)anY rsgisiered in Enu4aTrJ wa5. The chwitable mpwrf5 restErj tharrty nuwnbei. regTrstered wnp¥sy re96Iej offte address can fouThJ in ihe reference and alM61rale detats of the Report of fr$tee$. AccouNfiNG POLICIES Basis of pr•parfnq finwKi¥l sthtwn•nt$ The finala1 siaiwn8nis of thÈ chantab12 company. is a t¢rt entity uThJer FRS 102. have been prepared in acwrdance with the Chanls SOFLD IFRS 1021 Accounling aThJ RetK)rtry by ChantE5 Stsieffient ol RecOmftThYed Pradic4 ar•caW chanb.es wepanThJ Ir a¢counts tn afxor(Jance wrth the Fmanclal Reponing StarKlard app&cab¢ the UK Republic of IrelaThl IFRS 1021 leffectNe 1 janu 20191,. FartIal ReroNing stalard 102 'The Finala Repjrtiry Standard applicable in tre UK aThJ RewWi¢ of Irela aTrJ the Companies Aci 201)6 fwwal $tentS ha wepared ler the hkstorKal cost CL%1). The CUT¥ency basis for the pwrakn) d these fwnciab staterrrtS 1$ I£L Going ci>ncern The tee$ ch)sety monilor the cash FtI)n ar tree rBseroe5 of the tharty The thrrinutn of Ihe free resgrvos from £542k as at 1 January 2024 h) £383k as al 31 Oectsmber 2024 was the res of wKre8SiTKJ operats)nal a caplal costs al bry4em proixt5 arnl ex¢arye h)5se5. partty offset by an irKrease incorne. Desp1¢ t lall resefwts. the tash bal¥Ke remains stroryj ai £1.0lm ar¥J #Th$ a beiNJ pui in F4ace b r8dLte Costs tr)Ing fOard On t"$ basks. the trusiees rove oyKkMled Ih81 it is reasorotye io assume thai chanty ntinue to opeiaie 8nd me&t rts as they fal due ai leasi ts 12 monihs the ol approval of Ihe5e firarla1 statements and. IherefNe. Ihal th8 9)ry-Co8M basts loc preparatr¥n of the staiements fy apal& slgnlficant judg•m8rts The lollowiry IL99enI5 (apart from Ihw in¥oknrwJ 851unaissI have ièn W(8$5 of appty1J Ihe charty's accounts.ng that haye had Ihe mosl swthc4ni Effed on am01 recogni5ed in Ihe financ4al Fcwr¥J purchase of lore¥Jn currKY . In ordet to U¢0 e¥w)sur& to exchar#J8 cats fluctLIK)ns, rnan4ement e¥alus mathei aThJ ils delaled $torIC e¥perTKe. All Inffle Is recowised in the &alemert of Fin81 Aciml Or the tharty has entrtlement lo the fuTh1s', il i% probatle that Ihe ncome %%ill te reNed the am01 be measured rehatty. Fov donaii)ns lo be ¢00r•sed. Ihe chanty WAI have recw¥wJ Ihe Ivr1s or h8ve been no15fd ol amounts and the sdtknieni dale wribng rf there are Crrtlr6 aitthd to ¢Jonal¥Jn this requi$ a of performance before enlilement can be obtsired. lh wime 6 defv/red Ih)se j11Krts are fuly met or Ihe fulfilmeThl or Ih05B coNJitions is within the control of the charity and rf rs kmobabk that IlwvAI be luWled. For 919, 15 8arfi8w of ihe (tharty in9 )Ifd ol an distrtMJiKsn oi ts 1gJacy bemig wed. At this wnL IrKome is recLwised. On or£asKsn. Wactes be Thild to the charity kkJwever,r il is not P05slble 10 rn835ure 3rwwt expec io b8 dis1ritled. On Ihese occa510n5. Ihe legacy t5 Ir8a1 as a cOntient assel ar disc)seil. Income from Ira¢9 aciNiiies Ile$ eam&1 tM acti$ raoe ftyxls for Ihe tharity. Income Is r8¢eived in eharge for swWyY4J ar¥1 in w¢er to ra6e fthids aThY 6 rwni8e¢ when enlillement h3s0wed. T8x recA)verablÈ for thè y8r on c(wènèntl arnj &'ft P4d donalMYts 6 in Ihe irfA)mÈ and expermlilure accounl on an acuuals bas. Debtors Debtors are réccgnstsj ai settle1 due. P4e 16
THE CHRISTADELPHIAN MEAL-A-OAY FUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 310ECEPABER 2024 ACCOUNTING POLICIES- ntinUed Expenditure Liabihtie5 a ¢09ned as expeThliture as soon 8$ therE 15 a legal or 0)r61fLNe Ob981)n commthiryj Ihe charity to thai exreThJrture.' rt ts probabk that a Irartsfer of berfitS be tewirwy in settletnenl awyl the amount of Ihe 04931n ¢w measu19d relably. ExFeThJilure E xcounled ¢or on an accru$ bags and has been classrfiÉd under headings ihai a99r8ga 1 COSI rthted Ihe category. Where costs be directty amritle to particular he•Jvy, fvy have been pJlo¢atwJ to aclTrribe5 on a basis c(MISiSWi1 wlh the of r¢swces. Cosls ol pllntij armj distribulry the luThfs elter ar¢ regartled a5 Costs of gerat volwiary incomè and I lund'5 wnlvbutions lo INle$. travel costs. Ihey carry out mOrMtow visiis lo overseas projects. a reg8r(led as COS ofd4nlablo actNitI"es. Expendilure by Ihe fvnd on marwert a)d nTrIK)n je$ slv)wn WKler wvewnance costs. Granls ar¢ rec4fded in the inccrfne a1 exrEThlilure ac(thJnt a speol¢ mrnrnitmenl ha5 iEen made by the trusteés and comnMmKJlet1 lo reupiwts thern an expeclat)n Ihai the pay1 wil be mado even Imu thewe is w¥J gaI ob¢yatM)n. Ths vs twmed a 0)rtSIrliVe Iobthty. Provislon lor dOybrf grants If the Intslees become aw I¢ mle re3ch8d the intended ieopienl. Ihe anurt is etuvnable and a prthisN)n is made ogansl th5 (Jebtor il there is th)ubt as lo its reo)¥•rabilily. Giants are not normally regarded as returnab if are rec•N8d l)y due rwienl us$ a5 the trustees exted. AlkKation apportion1 of costs Goveinance tttsls aTe alwated to Ihe main of charity. thch wovtshw o19iants to meel the charitls obJ8clves. Durirg Ihe yèar, ts c05t of ovwseas travd ID Ni5il prr¥ecls tr¢urr•Y by trte85 aThJ rnr$ was alkjcated to governarte. Tanglble Ilx•d ass•ls Depréu81KJn i8 kN0vled at the f(4Jwty rates In Nder to wri1• off each wel ¢)ver bts e51imalgd Usel Iile. Compuiet èwprn¢rt 50% on Taryible fixed assets are 51ated al cosl or dene0 cost le55 acvjrndaled d•prooat#yk Co ie$ 6t$ th"rectly atiributatl6 b) tnakiry the asset capable 010ratty as Stock% Slock Is ai tr¢ &ywer ol cost a1 nel r•ths8ble vave. ImfO$tm•nt$ InVlMents a slapd at far valL Imarkei vak) AJI and bs5es on Thiestments Mi Ihe year, W¢her tsi Trjt realtsed. 8re rrtIU In the S¢ament OfFInaal Ats"e$. Taxation The charty is exempl from oxporalW lax on rfs (tharf4ailg adiwiEs. Fund a¢¢ountlng The Christe18n me A Day FuYJ mawlans a Tr¢tod ILNKI arKI a desbJnated in •Jdthon to resiitted ldS thal are used tjr eamiarktrj thjnabons. Geneial unreslricted IWKSS can be used m Xcordance the l.1#b 0tr4etAivÈs ol the C"stadelpRsn Me81 A Day Fu1 al Ihe d15uetl otlhe Intsiees. Deswaled ILI1e irmrr sel a$e by Iru51ees to furx1 kAure prcids Re51r¢cled fthys ean onty be vse(I lor partcJ¥ $ttte{l purposes 1h objects of Ihe tharity. Resliictig ans8 wn spec(1 by Ihe dor or futh arE rdBed for particubr rethued purp05eS. FLKlher expl8n81?n nalwo and of fwx1 is irthded rK•les lo Ihe fwwal statements Page 17
THE CHRISTADELPHIAN mEAL-AAy FUND NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENDED 31 DECEhlBER 2024 ACCOVMTING POLICIES- coved Fornlw currencles Assets ar liab1rfiBS in forewJn ¢urTPWKV• are If18¢ed into ster(¥j al the rate5 01 exChe at tho balance sheei Transadhy6 in loreign are IransL41ed INO sle.1j al Ihe rale of exch8rYJe wlin9 at the date of 1tansx1n Exchan9E Liifwence5 are laken v) aCc(rt wtivwwJ at Ihe operatir¥J Financknl in8trumonts Finam81 51ruMentS ère rJassrfd accolmted for. xcordry to ihe substsrte ol thp C11[aCtual wrwyemenl. as gilhef finanoal assets, fan311th1 or equlty 4KslrLments An gQUrty ir6iiw)wi¢ r& arry Cont1 evidenTrs a resKI1 Interest in the 8s5e15 01 lh¢ compwry after deduEIITr3 am 01 rt5 liablibes DONATIONS AND LEGACIES 2024 2023 Gfft a•J dorl Grft a#J Leoacies person donatKJr Chuich doftabons Othef th)nat 254,812 63.701 141.859 112.705 127.158 73.W4 ZOO.315 50.019 104.067 104.311 201.041 S1.910 773.794 711,723 OTHER TRADING ACTIVITIES 2024 20ZJ se5 01 promtitrfwl 1.657 INVESTMENT INCOAIE 2024 2023 DIdd irtome Bank Inte51 16,402 16405 RsING FUNDS Ralslng donallryrn and hgad•$ 2024 2023 Qxher publuiy experJthJrtt 491 1.823 Page 18
THE CHRISTADELPHIAN MEAL-A-DAY FUND NOTES TO THE FINANCIAL STATEMENTS- conllnu¢d FOR THE YEAR ENDED 31 OECEh18ER 2024 RAISING FUNDS- cortinu¢d O¢h¢r tradlng adlvlt•8 2024 2023 Purchases Agggale am01$ 717 CHARITABLE ACTIVITIES COSTS Grant D¥ec¢ Q)sts Is88 rM)t8 61 aclNil r19 91 Swjport costs Isee 101 Totals Grants DIRECT COSTS OF CHARtrABLE ACTNMES 2024 2023 Bank charges Sta1thery and Sw)dry expenses 1.981 553 3.424 612 4.432 GRANTS PAYABLE 2024 2023 Grar 798,852 total gr1$ P3KJ in51ibA)n5 durwYJ th8 as Id ZDZ4 2023 LONG-TERM PRQJE¢TS Complex projects c[Stadelp11.an School Benakuma ar Brth Cfvistadelphian Cerfre for Ihe 81iThl aryj HbJta4yped. Mtre Cr(wn Qty Sthool Lela Chikjren s Fbme Na0 CBM Primary Schocl ChnslJdphJan MaD Slre8lknY5. Freel* Talia Primary Sch(K Timtrt)ni Tiva Children'5 trbrrE and Schc4 23.076 44,295 114,>)1 48,644 88.527 29.360 20.129 146.788 65,173 99.802 104,239 47.809 21.895 148.273 565,280 515.12 Pa9e 19
THE CHRISTADELPHIAN mEAL-AAy FUND NOTES TO THE FINANCIAL STATEMENTS - contlnu•d FOR THE YEAR ENDED 310ECEMBER 2024 GRANTS PAYABLE . continued 2024 2023 Pr•.school and Feeding 1m81trka Primary SclK4JI Fe•J¥¥J Kib9ra SchoDI T1 Pnmary Schcrf)l FeediTrJ Umoia 8oyani Schwl aTh1 E()) ECD Feeding ProarnMe 7,800 7.141 10.930 5.242 100 715 7.306 7.391 10.238 5.018 80,423 131.42• 110.376 Communlty Adult Literaty Cenires Boama and Lakka TB aj Lemy ckn Med¢irs aNI maiemty ¢fin¢s B.802 36,4S0 .577 17.42S 60,036 37.56S Through partn•vs WhEz 5 uned 12,500 25,000 TOTAL LONG-TERM PROJECTS 770.245 688.061 OTHER PROJECTS DSroct prole¢ Hanga fle Miln9 Prcject BOleS MasiTh1e Memorna Sclb)ol, C¢•Rle Kaiya Other grants eath ss than £5.000 currenl ye 3.845 128.2471 14.624 18.973 8.798 15.282 19,1201 40.395 Thrvugh partrwpr5 Ashanii. Ghana Chnsban Btirmj M( Christine Witcull VisitirKJ SeTh Comrnunils kniliative FxililatK)n As%sts1 ICIFAI Communityoutrexh Partner T1 Days foi Girls Glob* Care Ugara Kenya Rainwater AssocTralKJn Kènaama Int8r3CtNe CommuThiy SL4¥Qrt Moibvation- Wheelcha Ltser trawuTrJ P8rtners in EdtKIn {PIESI Ripple Ellecl Kenya T¢)ots for sdl-iel.an 6.745 3,800 11.2J5 14,964 2,0SB 15,991 15.795 23,622 24,IXIO 35,320 1•.081 9.449 13.000 133.317 119.8S9 TOTAL OTHER PROJECTS 124,197 160.254 Summary TOTAL LONG.TERM PR(E¢T$ TOTAL OTHER PROJECTS Unalhxated excharKJe drfreiences 770.245 134.197 688.(kS1 160.254 49.4631 962,643 798,852 Page 20
THE CHRISTADELPHIAN MEAL-A-DAY FUND NOTES TO THE FINANCIAL STATEIAENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. SUPPORT COSTS Govemance costs Suppori costs. IrL#ed in thp, we as ltsfth¥s. Go¥•fnance costs 2024 2023 Tobi IllieS Grwls Truste¢s' expertses Audit$. rgrnLwralryi Legal fees Membets, ewrws Insurance IT suppovl 6,73fj 7.671 2.7B2 8267 2247 201 27,787 7.230 S.850 1.530 175 11. NET IficoME4EXPENDITVREI Nel lrK(hne4expeIureTr staw afterLthargWW1cdllirjI 2024 2023 Audrtor¥ remura1¥ 12. TRUSTEES. REMUNERATION AMD BENEFITS Tre We no ML)eralffi ¢y otsr bgrfts Ihe yw 0Th1¢d 31 Dec4mber 2024 yoar ¢ncled 31 Oecember 2023. Twslo85' exp•ns85 2024 2023 Trus6$, èXPènS8S DvrirKJ the year ? (2023.. 41. Ims18es have been reThtryJrsed for exFenses have paid on behair of the cha(ily lor travel the UK aTrJ OveeaS. Ttee$ 511 the CIN$ pruiects Wi Alita in acCOrdar wth its pollty ol aciively mlt011rj mapr pTjects kn whh the Co¥jies. Page 21
THE CHRISTADELPHIAN MEAL-A-DAY FUND NOTES TO THE FINANCIAL STATEMENTS - continuod FOR THE YEAR ENDED 31 DECEMBER 2024 13. COMPARATIVES FOR THE STATEMeMT OF FINANCIAL ACTIVITIE5 IreStrle fu R84n"rlwJ runds Tol fun0$ IfrKOME AND ENDOWMENTS FROM Cknatxjns and ie9aCWd 626 716 85.007 711.723 OIIE¥ trIng ¥livili¢s InveslmtrA inoyne 1.657 16.405 1,6S7 16.40S Tolal 644,778 85,007 729.785 EXPENDITURE ON fla&g fuTrds 2.n3 2.723 haritabl• 1¥111 Granls 758.3&3 87.473 84S.856 Total 761.11 87,473 848,579 Net gairts on nvestmenls NET lNCOAIE4expeffvftEj 1116.61 12,4661 (118.7921 RECONCILIATION OF FUNDS Tolal fuw¥Js broughl &Jrward 780.108 6. 140 786.248 TOTAL FVPXIS CAJiRIED FORWARD 663.782 3.674 667.456 14. TANGIBLE FIXED AsseTS ompuier equipment C05T At 1 jartry 2024 31 ZQ24 DEPRECIATION At 1 January 2024 and 31 Defft*er 2024 NET BOOK VALUE AI 31 DEcembEf 2024 Al 31 Clecemtsr 2023 Pw22
THE CHRISTADELPHIAN mEAL-AAy FUND NOTES TO THE FINANCIAL STATEMENTS . ¢ontinu•d FOR THE YEAR ENDED 31 DECEP4lBER 2024 15. STOCKS 2024 2023 Goods 5¥ 793 16. DEBTORS.. AMOUNTS FALLWG DUE WITHIN ONE YEAR 2024 20Z3 Gift du• from HMRC Trust8e5' 8xp8fe arrfj travel adva Olhet deblors 3.662 775 13,000 1,328 5,185 10,256 Othtr dèsrs IlJe £nil12023 £5131 of forward cullery c(rtrads deladed in rK)le 21 01 these financial siaiemenis. 17. CURRENT ASSET INVESTME14TS 2024 2023 Listsd NStMeIS 55 Cuir1 assel invesiments we $W at fwr vakje Imathet vakl lheirmsr1e ¢osl IS £35 (2023 t351 18. CREDITORS.. AMOUNTS FALLING OUE WTfHIN ONE YEAR 2024 2023 Trae uednor5 Other credito Con5tnJclNe obhgaib)rts grani payments 8.220 554,7Q4 9.19S 537.476 562.924 546.670 The cons11le oblgats)n5 for oranl payments cre(lik)r shown as (aling due lor payment thIn one year, as all1&h Ihe charity luThJs iefm Pfojects. ihe 9rant comnmlments are vsu81ty made Ihroufvth the year for ihe lolloiro year. PwJe 23
THE CHRISTADELPHIAN MEAL-A-DAY FUND NOTES TO THE RNANCIAL STATEMENTS- contsnuod FOR THE YEAR ENDED 31 DECEMBER 2024 19. CREDITORS: AMOUNTS FALLING Dve AFTER PIORE THAN ONE YEAR 2024 2023 ConstrudDIg obly8tn$ Icw granl pawiwits 12.OCO MOVEMENT IN FIJNDS Transfws beiween funds Al 31112r24 Al 111r24 in fuThfjs Unrestricted funds G8wal fu Future Projects 542.292 1221,0711 62,224 383.445 663,782 1221.0711 442.711 R¥5trld•d lunds Ugarfa 8Dre Timboni Chickens Naondo Mallres5es Namaorth War Tank Work in India Kenya Imaihoka ExlgTrIgJ Feed Crown City Classroc Crown City Sloves 8tc Crown Cily Texher5 Ch•rs 20.000 632 750 160 1S0 472 16011 12561 1.725 256 1.725 2,500 650 1500 3.674 22,651 TOTAL FUNDS 469.036 Nel movemenl In ihe 8b)ve tre as loum". IornIj resouices Gains and sses Movemenl In fund5 efided Unreslrict•d fvnds Gengral fund 698.347 (919A201 1221,0711 R•$trtct¢d funds Other pioi8cts Ugarfa 80r018 Timboni Ch'ckans Nalonijo Mattresses Nam800 Waler TtK Work in Ind ECD FeedIj Programme Kenya Im8tkO Exiended Feediro Crown Cily Sloves et¢ Cmwn Cily Teathrs ¢hwr5 54.939 154.0ts} 20,000 472 472 {1.108) 16081 1258> 10.71)0 9.500 650 110,7001 17,7751 1.725 650 22.1 TOTAL FUNDS 993.4281 198,4201 Pag9 24
THE CHRISTADELPHIAN MEALAy FUND NOTES TO THE FINANCIAL STATEMEKfs - continued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT W FUNDS- ¢(ttinu• Comparnll¥85 for movem•nl in funds Tran51ws Al 3111 Y23 At 111123 In ffftls fuThls UnTrstrlGted funds General ftjnd FubJre pr0cts 560.373 219.735 1116.3261 98.245 98.2451 542,292 121,4 780.108 116.3261 .782 R•$tii¢i•d lunds Timb)ni Chickens Nalondo Mattresses Nam)ndo Water Tank Lela Home Karn? Woth In India Kenya Imathoka Extended FoediThJ CTcv•m Cty Ckjrrnknry 762 {6121 1199 12,1991 124 12,4391 2.10 2S6 2.439 2.5 2,466 3,674 TOTAL FUNDS 786.248 118.7921 667,456 C¢mpatsle nèi MOV1 In furn1S. irt at¥Jve a as lokns.. IrKXMn Gains and bsse$ Movgmenl in lurJs exrwd Un1Cl¥d funds General fvTrJ 644.778 1761,1061 1116,3261 Restrlcted fund• other piojects TimbDni Chithens Nabndo Mattresses Lela Horne KamL&urx Work in lThJia ECO Feediry Progffarnme Kerrya Imaihoka Exierthd Feedry CrDwn Cty DorftMIory Cambodo Tole CI¥Nt Grovm Cty QJassfC•)m 133.8361 11.6CM)I 11.2121 15,1991 1.760 100 16121 12,1991 124 124 19.655 1.635 119.6551 14.0741 12,4391 15.5841 16.3131 16.313 85.W7 87 4731 TOTAL FUNDS 729.785 B48.579} 118.7921 Pwje 25
THE CHRISTADELPHIAN mEAL-AAy FUND NOTES TO THE FINANCIAL STATEMENTS- witlnugd FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMeNT IN FUND5- ¢ontiThugd Funds The charity provwJe¥ to well-govemed, Px21ty.rnarw3ed pr( abThd lorAA pnmarlty on devdirf>merts In Afru The makn types of propcls we ¢ucalKJn care Medul A9ricthiwal lood Self r8hwre aThl gerfal ard Restflctod fvnds tk)nots may Style a pJvlKJjr woFcl. ttris ¥Komo rs rgslrK¢aJ to Ihal projocl The bal on lurnJ$ rekyesths Il w*¥p8thd wt&in offLwNliry reCEThl. Aclivity on a sp8(ik r85tth fuTvJ c8n be req$1•1 from ts itharty D•SIal#d funds Futuro prL)j•¢ts To smooth out larp ¢CwtKJ%. tW excess 01 £50.CQO. Lnless restncted for a spocrfic prtjieei, are divhled into thirds, Or tId bery alktated Ihe yw. th¥d in next year aThJ final one trd in the year fO1n9. Thts ensLYe5 thal 8 Imrtad reswve sel aSe lor the me£lium-lerm use. Transr9 b•tw4•n lund% Translers belw8en general ld aTrJ the des¥Jnated t18 refleLt nV)vwts in the year in lin¢ wth Ihe
8tail*l abo¥8.
21. OTHER FINAMCIAL COklMITMENTS The cmrily has pr8w)usty commrtled to Ihe forwaryl purchase ol foryn cUrrY in ¢)tdef h) V¢e its exposure 10 èxcharge rale fkn1va1s. At 31 Decemb 2024. the rlwnty c4Jfflmilm8nts. AS 8131 Decembei 2023 thg balance 4ffs £513 F•fieci8d in otr deb#)rs. 22. RELATED PARTY DISCLOSURES Trlee3 have male the charity Ihe yearol £79.231 12023.. £8.7581 23. ULTIAIATE Cot4TROLLING PARTY Tho eharilatAe comparry s conlrolkd ty ts ard ol tru51095 WI are dwecbjts. 24. IIEMeeRS' UABILrrY The chaN' atAe company is byguaranlee. Every menty ol thaftsble cmpany uThJ8rlak85 to nIn0the to the assets of the chaniatA6 compwry. Il evenl ol Ile same beiTh) WOLxJ w whdè he of 15 8 member, or wIn one yÈ8r after he or tr ceases to be a member, for paymenl of the deNs aThJ &at4"lrties ol the charlable cornpany conlracted before or she ceases to be a mefflbgr. the $ts, Gharrps atKI eXpeEs of wnding up sud) anI a5 may h required rK)l exceedry £1. Al the 31 Decernbu 2024 there were 44 12023.. 431 members intd9 trustèès. Page 26