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← The Vincent Society

2023-12-31-accounts

REGISTERED COMPANY NUMBER: CE019289 (England and Wales)
REGISTERED CHARITY NUMBER: 1153457

Trustees' Report and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Vincent Society
Trading as CMJ UK

Xeinadin

Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ

The Vincent Society
Trading as CMJ UK

Contents of the Financial Statements
for the Year Ended 31 December 2023
Page
Trustees' Report 1 to 10
Independent Examiner's Report 11
Statement of Financial Activities 12 to 13
Balance Sheet 14 to 15
Cash Flow Statement 16
Notes to the Cash Flow Statement 17
Notes to the Financial Statements 18 to 29
Detailed Statement of Financial Activities 30 to 31 
The Vincent Society

Trading as CMJ UK

Trustees' Report
for the Year Ended 31 December 2023

Thecharity'strusteespresenttheirreportwiththecharity'sfinancialstatementsfortheyearended31December2023. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Introduction

TheVincentSocietyoriginallyoperatedasatrustcompanyregisteredinEngland(00256264)sinceitsincorporationinMay 1931.
Followingtheadoptionofnewobjects,agreedwiththeCharityCommission,theVincentSocietywasregisteredasacharityon 19
August2013(1153457)andtookontheoperationalworkofCMJ(TheChurch'sMinistryamongJewishpeople,registered charity
number228519).InNovember2019theVincentSocietybecameaCharitableIncorporatedOrganisation.Itiswith this
background that this report details the work of the Vincent Society in 2023.

Membership

At31December2023,theVincentSocietyhadamembershipof507members.Ourquarterlymailinggoesouttoover 700
contacts (some receiving multiple copies to distribute) include churches, overseas contacts and Bible Colleges.

Trustees

The members directly elect the trustees of the Vincent Society. The trustees met four times in 2023, both in person and online.

TheVincentSocietyhascarriedoutitscharitableaimsforpublicbenefitbytakingontheworkoftheChurch'sMinistry among
JewishPeople(CMJ)andpursuingtheformeractivitiesofCMJinlinewiththenewobjects.Likewise,ithastakenoverOlive Press
Publishing (OPP) and provided Christian publications for public benefit.

Objects

The Charity engaged with jewish people in accordance with its objectives.

The Work of The Vincent Society in 2023

Wearesogratefultohaveexperiencedthecontinuedgenerosityofourindividualandchurchsupporters'ongoinggiving. Many
contributedtotheSpringandAutumnappeals,andtherehasalsobeenlegacyincome.Theworkoftheministryhas continued
online and with in-person events.

WetaketheopportunitytoacknowledgeboththefaithfulnessoftheLord,whocallsusandequipsustofulfilourmissionand also
our members and supporters for their unfailing prayer and financial giving.

We are grateful to have received donations from many churches, with lots of new individuals being added to the mailing database.

Page 1

The Vincent Society

Trading as CMJ UK

Trustees' Report
for the Year Ended 31 December 2023

OBJECTIVES AND ACTIVITIES

Trustees' Activities

There were several areas of trustee activity in 2023. The most notable aspects of our work were:

-ContinuingtheworkoftheDevelopmentSub-Committeewhichmet10timesoverthecourseoftheyear.Thisresultedin a
changeinthemanagementstructuresuchthatthepostofChiefExecutiveOfficerwasremovedandanewpostof General
Director established

-EnhancedengagementwithstaffandintheworkofCMJUKhasbeenenhancedwithTrusteesbeinginvolvedinonline meetings,
joiningtheteamsontheexhibitionstandatKeswickConventionandhelpingwiththemailouts.Trusteeshavealsospoken to
churches and other interested groups on behalf of CMJ UK

These tasks were in addition to the regular oversight activities of the Society by the trustees.

Aresponsibilityforthetrusteesinanyyearisthesettingofthebudget.Thetrusteeswerepleasedtosetabudgetfor2024 that
maintainedtheincreasedexpenditureforthreestafffocusedonengagement(onemorethanwhenweintroducedCBEsin 2014)
andcontinuedouryouthconferencework,linkedtoexcellentfeedbackfromthe2023Conferencethattookplaceat Yarnfield
ConferenceCentre.Weremainexcitedaboutthepotentialimpactofthesetwoelementsofthebudget.Asthisreport indicates,
wehavecontinuedtobenefitfromoursupporters'generosityintheirregulargivingandtheblessingoflegacies.Regular giving
enablesustomoveclosertoamoresecurefinancialfootingandtohavingamoresolidbasisforfutureplanning.We would
particularlyliketothankthosesupporterswhoincludeusintheirwillsandtoputonrecordourappreciationfortheir valuable
support.

Engagement

During2022weadvertisedandinterviewedforanadditionalmemberofstafftodoengagementtobringtheteamuptothree in
2023.

Inadditiontothisday-to-daywork,theSocietyinvestedinmajoroutreachprojectsin2023.Inallouroutreachwork,the primary
focusistoreachJewishpeoplesensitivelyandappropriately,butitisneverourintentiontoexcludeotherpeople.These outreach
projects are listed below:

1.OurLondon-basedmemberofstaffcontinuedtoleadtheNewAgeoutreacheswhichtookplaceinMayandOctober. These
resulted in:

Page 2

The Vincent Society

Trading as CMJ UK

Trustees' Report
for the Year Ended 31 December 2023

OBJECTIVES AND ACTIVITIES

Engagement / Outreach - continued

Major Outreaches - continued

2.WecontinuedtoprovidesupportforthestreetoutreacheventsinthecentreofStamfordHill.OurCEOhadpreachedin local
churchesinthisareapreviously.Webelievethisoutreachprovidesanexcellentpartnershipmodelwithothermission agencies
and local churches.

Bible Comes To Life (BCTL) Exhibition

BCTLcontinuedwithplentyofbookingsinthefirsthalfoftheyear.AvisittoDevongeneratedmediainterestwherestaff were
interviewedonthelocalradio.PaulandJaneyHamesretiredfromCMJUKinJuneandDanBootstartedtotransitionfrom his
previous employment in order to join our staff.

Wehaveanumberofbookingsfor2024andasusualexpecttoseeoverhalfofthoseattendingcomingfromlocalschools. The
exhibitionmeetsnationalcurriculumrequirementsrelatingtobothChristianityandJudaismandhasinrecentyearsgivenrise to
manypositivecommentsfrombothschoolstaffandpupils.Manyteacherssaythattheinteractive,multi-sensoryexperience goes
farbeyondwhattheycouldprovideinaclassroomsetting.CMJcontactsinthelocalschools(membersofschoolstaff, governors,
churchchildren'sworkersetc.)arevitaltotheexhibition'ssuccessintheseeducationalestablishments.Notonlydoes the
educational element of BCTL continue to develop, but so does its emphasis on sharing the good news of the Bible.

Wecelebratetherecommencementofthisworkandlookforwardtomorebookingscominginfor2024.Wealsomoved the
items from storage in Leicester and are looking to store them closer to the Office.

Jewish Engagement Training (JET)

TherevisedversionofJETwentlivejustpriortoEaster2023anditscollectionofshortvideosandreadingresourceshas been
shared with 92 contacts.

Page 3

The Vincent Society

Trading as CMJ UK

Trustees' Report
for the Year Ended 31 December 2023

OBJECTIVES AND ACTIVITIES

Education & encouragement

Other Educational and encouragement activities

Activitieshavecontinuedduring2023,withonlinepreachingengagements,deputations,teachingeventsetc.Passoversin2023 saw
over500peopleattendingavarietyofnewandconnectedchurches.Themonthlylectures(opentothepublic)have continued
online, as has the publication of quality advocacy material e.g. Olive Press Research Papers.

CMJreflectedonYomKippurwithtwoonlineeventsandlinkedthistoa devotionalresourcefortheDaysofAwe,whichwas well
received.

Themonthlyonlineprayermeetingshavecontinued.Theystartwithinvitedonlineguests,sharingtheirprayerneeds,after which
breakoutroomsareusedforprayer.CMJUK'sprayerneedsarethenpresentedandprayedfor,followingthesameformat. Prayer
Focuscontinuestobesenttomembersquarterly.Wealsoprovidearegularmonthlyprayerupdateviaemailtomany prayer
groups,someofwhichhavebeeninexistenceforover20years.TheQuarterlyPrayerBreakfastsintroducedin2022have ceased
due to low engagement.

WehavecontinuedtoengagewiththeLoveNeverFails(LNF)groupbothonlineandinperson.Thisisanallianceof ministries
with a similar focus to that of CMJ. A CMJ UK staff member is the Vice Chair of the group.

Externalspeakersin2023includedChaimMalespin,KelvinCrombieandstafffromCMJIsrael.Oneexcitingdevelopmentwas an
eveningeventfollowedbyafulldayinEdinburghandanassociatedmeetinginGlasgowwithspeakersalsoinvitedtoavariety of
localchurches.TheScotlandeventalsolinkedinwithaUKtourcelebrating200yearsofCMJ’sworkinIsrael.Also,Revelation TV
broadcast an interview with Kelvin Crombie as part of his deputation tour.

OnlineBibleweekscontinuedin2023.ThesepopulareventsareaseriesofthreeBibleteachingsoveracourseofaweek, each
with an in-depth focus on a specific subject.

Staffhavebeenveryactivesharinginchurchesaroundthecountry.Anopportunitytospeakatalocalchurchmid-weekat the
beginningof2022resultedinarequestforteachingsessionsonSundayeveningsonJewishfeastsandfestivals,concludingwith a
Passoverin2023.Thiswasextremelyencouragingforourstaff.APartyofLighteventhasmorerecentlytakenplacethere, with
many children and parents participating.

TherehasbeennoopportunityforstafftorepresenttheSocietyattheGeneralSynodoftheChurchofEngland.Wewere in
attendanceatTeachtheWord,PropheticWitnessMovementInternationalconferenceandJ.John’sConference.Newin 2023
were the Dovetail Shalom and Maoz Conference, and all three weeks of the Keswick Convention.

InJuly,ourannualthree-dayConferencewasheldagainatYarnfieldConferenceCentre.ThekeynotespeakerwasMark Green
andarangeofsessionsprovidedavarietyofrelatedministryteaching.YouthforChristledtheYouthConference (Radix).
Attendancehasincreasedyearonyear.The2023conferencegeneratedmuchpositivefeedbackandanincreaseinthose booking
for the 2024 event before leaving the Conference.

StaffandtrusteeshadplannedtoconducttourstoIsraelincooperationwithCMJIsrael.Alltoursbookedfortheautumn were
cancelled after the outbreak of war in Israel.

Staff have spoken at and attended various Messianic fellowships during the year.

Page 4

The Vincent Society

Trading as CMJ UK

Trustees' Report
for the Year Ended 31 December 2023

OBJECTIVES AND ACTIVITIES

Advocacy

Intermsoftheologicaleducation,wehavecontinuedtopublishanddistributeOlivePressResearchPapers(OPRPs).Theyare a
valuableadvocacytoolandarefreelyavailabletodownloadfromtheCMJUKwebsite.During2023,weappointedoneof our
part-time staff to the role of Engagement Manager, to undertake advocacy work for us.

OurEventsManagercontinuestobeactiveinsharingtheworkofCMJUKnotonlyinmanylocalchurchesbutalsoat Christian
events engaging with people from all over the UK.

SheandothershavealsocontinuedtoshareCMJUKatweek-longeventsheldatanumberofholiday/retreatcentresaround the
country.

Antisemitism

Our stand against antisemitism is supported by a range of articles, correspondence and participation in meetings.

Socialmediaisakeytoolinourstandagainstanti-Semitism.HolocaustMemorialDayprovidesasignificantopportunityin this
respect.Sadly,therecentriseinanti-SemitismintheUK,sincetheoutbreakofthewarinIsrael,hasaddedfurtherimpetus and
urgency to this aspect of our work.

The BCTL Exhibition also provides opportunities for conversations challenging antisemitic views.

Page 5

The Vincent Society

Trading as CMJ UK

Trustees' Report
for the Year Ended 31 December 2023

OBJECTIVES AND ACTIVITIES

Other activities

Ournewareasofworkduring2023haveallbeenonlineandaddedtoourever-growingYouTubechannel.Wehavecontinued to
postonourInstagramandTwitteraccountstoincreaseoursocialmediapresenceandhaveenhancedouruseofEventbrite to
promoteourevents.OurwebsiteandFacebookpagehaveseensignificantgrowthinbothreachandinterestinour online
resources.WealsostartedsharingcontentonTikToktoanaudienceofthousandsalmostfromtheveryfirstpost.Wealso have
anorganisationandstaffpresenceonLinkedIn,withsomestaffhavingmorethan500contacts.Theonlineshophasbeen utilised
by many during the year and at Conference.

Wearegratefulforthenetworkoflocalrepsaroundthecountrywho,whenopportunitiespresentthemselves,promote the
Society's work in their localities. The Rep’s Conference was in October and included a visit from a local Rabbi.

We are grateful to the team of volunteers visiting the Office, helping staff and trustees in CMJ UK’s work.

TheTrusteeswouldliketonote,withgratitude,thetremendouseffortsofoursmallbutdedicatedteamofstaffand volunteers.
Wearegratefulfortheircommitmenttoourministry.Withoutthem,littleofourworkwouldbedone,andweacknowledge their
service not only to CMJ, but more importantly to the Kingdom, to which we all belong, and to our Lord.

Asmentionedintheworkofthetrustees,therehasbeenorganisationchangeassociatedwiththeleadershipofthe organisation.
AlexJacob,ourChiefExecutiveOfficer,leftinMayandwearegratefulforhismanyyearsofservicewhichwerereflectedupon at
theJulyConference.Afteradvertisingandinterviewing,wehaveappointedRevAaronEimetotheroleofGeneral Director.
Aaron will be starting in early 2024, subject to a successful visa application.

Israel

CMJUKdoesnotoperatedirectlyinIsrael,butitdoesprovideasignificantamountoffinancialsupportfortheworkofour sister
society, CMJ Israel: £147,932 (2022: £98,533) (see note 8).

AnumberofCMJUKstaffandmembershavecontributedtothesermonnotesforChristChurchinthepastyear.These weekly
sermonnotesaredistributedtooursupportersfortheiruseandtopromoteanunderstandingoftheJewishnessofGod's word
to church leaders. There is an archive and search facility for these on our website.

For those wanting to find out more about CMJ Israel's work, their comprehensive website is www.cmj-israel.org/.

Future Plans

TheTrusteesarekeenfortheVincentSocietytoprogressinitsmanyavenuesofwork.Plansfor2024onwardslook towards
building on the work done previously and also include:

Page 6

The Vincent Society

Trading as CMJ UK

Trustees' Report
for the Year Ended 31 December 2023

OBJECTIVES AND ACTIVITIES

Conclusion

TheSociety'sworkprogressedin2023,thesewereexecutedconsistentwiththeobjects.Theactivitiesandthewaythey are
executedareconsistentwiththeobjectsoftheVincentSociety.Wecontinuetopursueinnovativemeansofcontinuingthis work
inpartnershipwithlike-mindedcharitiesbothhereintheUKandIsrael.WeseektocontinuetoservetheLordinthemission that
He has given us. We publicly and gratefully acknowledge His faithfulness to us in 2023.

Public benefit statement

TheVincentSociety'scharitableaimswerepreviouslycarriedoutforpublicbenefitmainlybytheworkofCMJ,untilitstransfer of
activities which took effect on 1 January 2015.

ThetrusteesconfirmthattheyhaveconsideredtheCharityCommission'sguidanceonthepublicbenefitrequirementin the
decisions taken.

TheVincentSocietyhasadvancedtheChristianreligionbyfulfillingtheseobjectsasthemainpublicbenefitofthisSociety.Key to
thisisourengagementwithJewishpeoplebystafftrainedforthispurpose.Thispromotiontakesplacewithinthewider church
andalsoincludesothersupportstaffandvolunteers.Theworkisdoneinawaythatdoesnotrestrictengagementwith Jewish
peopleinanexclusivewaybutencouragespeopleofallbackgroundstoconsidertheclaimsofYeshuaHa'Mashiach-Jesus the
Messiah.Engagementiscarriedoutinaculturallysensitivewaywithoutanycoercionwhatsoever.Thisisfullyinlinewiththe aims
oftheSociety(ArticlesofAssociation5.21statesthatnofinancialgiftshallbemadetoanyJewishpersonoutofthefundsof the
charityunlessthatpersonhasbeenabaptisedbelieverinMessiahforatleastayearandthatanysuchgiftmustbeseentobe in
furtherance of the objects of the charity and not as an inducement to become a believer).

EngagementtakesplacewhereverJewishpeoplemeetandarewillingtoconversewithus,rangingfromonthestreettoNew Age
fairs.

TheVincentSocietyhasalsobeenofpublicbenefitbyengagingwithandsupportingJewishbelieversinYeshuaintheirfaith. Jewish
peoplewhomakeacommitmenttoYeshuaoftendescribethemselvesas"Messianicbelievers"andthesebelieversmay participate
in "Messianic congregations" or "Messianic fellowships" for worship, mutual support and encouragement in their faith.

TheSocietyhasalsoorganisedpublicreligiousservicesandspecialeventstoeducatethewiderChristiancommunityabout the
JewishrootsofChristianityandencouragethemtosupportbothMessianicbelieversandoutreachtoJewishpeople. Opportunities
exist for individuals to visit Israel (at their expense) to promote a greater understanding of Christianity and its Jewish origins.

Lastbutnotleast,wehaveanongoingroleinstandingagainstantisemitism.Thisworkisvariedandcutsacrossmostaspectsof the
organisation'swork.Ourdirectworkistopublisharticles,engageincorrespondenceandparticipateinmeetingsthataddress this.
We also partner with other organisation having a similar role.

FINANCIAL REVIEW

Principal funding sources

The Charity's principal funding sources are:

- Donations from Individuals

- Legacies

In 2023, total income resources amounted to £728,119 compared to (2022: £603,565).

Page 7

The Vincent Society

Trading as CMJ UK

for the Year Ended 31 December 2023

Trustees' Report

FINANCIAL REVIEW

Investment policy

Objectives

Theinvestmentobjectivesaretogenerateasustainableincomestreamwhich,attheveryleast,maintainsbothitsrealvalue in
future years and also the real capital value of the portfolio over the long term.

Investment Outcomes

This policy, written in 2010, has yearly income targets and expectations of capital growth in the long-term.

Risk Tolerance

Thetrusteesplaceahighpriorityonmaintainingtherealvalueoftheportfolioandofincomereturnsoverthelongterm and
accept that at times this may mean accepting short - or medium-term declines in capital value.

Withdrawal of Capital

Thetrusteesdonotanticipateregularwithdrawalsofcapitalbutdounderstandthatshouldwithdrawalstakeplacetherewould be
consequences to future income projections.

Ethically and Socially-responsible Investment

ThetrusteeshavereviewedtheirinvestmentpolicywithregardstotheChurchCommissioner'sguidanceonethical and
responsibleinvestment.Nofundswillbeinvestedinacompanywhosebusinessactivitieshavemorethan25%of turnover
involvedintobacco,gambling,alcoholicdrinksandhumanembryoniccloningandresearch.Thepolicywouldpermitinvestment of
up to 100% of the funds in the Israeli stock market.

Review of funds and reserves policy

The trustees report a decrease in fund balances for the year of £74,331 (2022 decrease: £254,752).

Attheyear-endthefreereserves(ignoringtheunfundedpensionliability)were£801,516(2022:£944,460)whichismorethan the
budgeted unrestricted expenditure for 2023. The minimum reserves limit has been set at £300,000.

Permanentendowmentfundswere£566,367(2022:£566,367),andthebalanceofrestrictedfundswas£182,516 (2022:
£135,103).

Principal risks and uncertainties

TheVincentSocietyholdscashandinvestmentstogenerateinvestmentincome.Thecharityalsohasotherfinancialassets and
liabilities such as other receivables and other payables arising directly from its activities.

The charity manages risks with these as follows:

-Liquidityrisk:Thecharitymaintainsitscashandinvestmentbalancesinaccountssuchthatitalwayshasavailablesufficient liquid
resources to meet its operating needs whilst obtaining a competitive return on its investments.

- Interest rate risks: The charity is exposed to changes in interest rates in respect of its bank deposit accounts.

- Foreign currency risk: The charity has minimal exposure to movements in foreign currency.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document which is the Memorandum and Articles of Association of the Company.

Recruitment and appointment of new trustees

Trustees are elected at the Annual General Meeting.

The Appointments Committee is responsible for appointing senior staff and approving their terms of employment.

Page 8

The Vincent Society

Trading as CMJ UK

for the Year Ended 31 December 2023

Trustees' Report

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organizational structure

TheVincentSocietyisaCharitableIncorporatedOrganisationgovernedbyarticleswhichitconvertedintoon23October 2019.
It registered with the Charity Commission on the basis of its charitable objects as stated on page 1.

Decisionsaremadeafterprayerfulconsiderationofallaspectsofanissueandwherenecessaryseekingexpertguidance. All
important decisions are made only when there is complete agreement among the trustees.

The trustees delegate the day-to-day management of the charity to John Brooks, Deputy Chief Executive Officer.

Trusteesalsooperateundersub-committeesofthecharity:theFinanceCommittee,theStaffPolicyCommittee,the Governance
Committee and the Development Committee.

Induction and training of new trustees

NewtrusteesaresupportedbyreceivingwritteninformationabouttheSocietyanditsconstitutionandrules;beinglinkedwith an
experienced trustee; being part of a smaller sub-committee and attending any agreed training.

Related parties

Witheffectfrom31stDecember2014theunincorporatedcharitytheChurch'sMinistryAmongJewishPeople(Registered Charity
no. 228519) was wound up as an operational charity and all assets and activities were transferred to The Vincent Society.

See note 19 for further details.

Risk management

The trustees actively review the significant risks which the Charity faces on a regular basis.

Aswellasconsideringinternalcontrols,thetrusteeshavealsoexaminedtheotheroperationalandbusinessrisksweface and
confirm that systems and initiatives are being reviewed to mitigate those risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE019289 (England and Wales)

Registered Charity number

1153457

Registered office

CMJ UK
PO Box 11294
Newark
NG24 9RU

Page 9

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The Vincent Society
Trading as CMJ UK

Statement of Financial Activities

for the Year Ended 31 December 2023

Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
6
Israel
Individuals
Churches
Annual conference
Subscription fee
Other trading activities
4
Investment income
5
Total
EXPENDITURE ON
Raising funds
7
Charitable activities
8
Israel
United Kingdom
Other
Total
Net gains/(losses) on investments
NET
INCOME/(EXPENDITURE)
Other recognised gains/(losses)
Actuarial gains on defined benefit
schemes
Net movement in funds
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
funds
£
533,530
3,889
11,203
20,842
42,123
15,286
26,648
21,833
675,354
42,939
143,001
425,761
222,757
834,458
21,779
(137,325)
15,581
(121,744)
904,160
782,416		 Restricted
fund
£
52,765
-
-
-
-
-
-
-
52,765
-
4,931
421
-
5,352
-
47,413
-
47,413
135,103
182,516		 Endowment
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
566,367
566,367		 31.12.23
Total
funds
£
586,295
3,889
11,203
20,842
42,123
15,286
26,648
21,833
728,119
42,939
147,932
426,182
222,757
839,810
21,779
(89,912)
15,581
(74,331)
1,605,630
1,531,299		 31.12.22
Total
funds
£
502,547
-
4,045
11,279
43,784
13,445
27,040
1,425
603,565
30,529
98,533
420,823
225,158
775,043
(158,055)
(329,533)
74,781
(254,752)
1,860,382
1,605,630		 
The notes form part of these financial statements

Page 12

The Vincent Society
Trading as CMJ UK

Statement of Financial Activities
for the Year Ended 31 December 2023

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 13

The Vincent Society (Registered number: CE019289)
Trading as CMJ UK
Balance Sheet
31 December 2023
Notes
FIXED ASSETS
Tangible assets
14
Investments
15
CURRENT ASSETS
Stocks
16
Debtors
17
Cash at bank and in hand
18
CREDITORS
Amounts falling due within one year
19
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
PENSION LIABILITY
23
NET ASSETS
FUNDS
22
Unrestricted funds:
General funds
Unrestricted pension reserve
Minimum reserves
Succession & reorganisation
Israel Loan Fund
Restricted funds
Endowment funds
TOTAL FUNDS		 31.12.23
£
343,730
776,151
1,119,881
5,730
161,335
298,453
465,518
(35,000)
430,518
1,550,399
(19,100)
1,531,299
151,822
(19,100)
300,000
349,694
-
782,416
182,516
566,367
1,531,299		 31.12.22
£
349,361
755,565
1,104,926
11,861
278,689
280,665
571,215
(30,211)
541,004
1,645,930
(40,300)
1,605,630
177,512
(40,300)
300,000
421,600
45,348
904,160
135,103
566,367
1,605,630		 
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 December 2023.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended31December 2023
in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 14

The Vincent Socie Trdyi Is CM UK nurnber. CE019289 Bahnce Sheet- ccrrtinued l Decwnbor I￿23 Thp trutteos a<kn¢ylEdge their reswslbllkles for la) en$￿n% the thrrable compary ke9)S accounting records that ccffipty with Section$ 386 aThJ 387 of the Compan Act 2006 and prepar￿£ financial sthtements which ¥Ne a true and fw'r view of th¢ state d affair5 of the chritable compwry as at tht end of eath financKIl year ind of it5 wrplu5 or deficit fc eath fmanoll year in aceordance with the requirements of Serty( 394 395 and whKh othi¥ise compty with the re4￿￿nents d the Carnpanies Art 2006 rdating to lI￿andal $￿t￿meftts. so ftr 4 appli¢3ble to the trdritsble company. Ibl The fvmnoal ststem2nts were approved by the Board of Tnjstees Ind aud)tir￿ for ¢n _-.. slwed on its behll br. and were W Stott. TrLS P Hrris- Tru$tee The Trotes fom parn ofthese fin￿al $rdtwnents Page 15

The Vincent Society

Trading as CMJ UK

Cash Flow Statement

for the Year Ended 31 December 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Net cash provided by/(used in) investing activities
Cash flows from financing activities
CMJ Israel loan advances
CMJ Israel loan repayments
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.12.23
£
(151,503)
(151,503)
(1,387)
(304)
1,497
14,833
14,639
-
154,652
154,652
17,788
280,665
298,453		 31.12.22
£
(220,434)
(220,434)
(11,253)
(296)
1,506
1,425
(8,618)
(94,652)
-
(94,652)
(323,704)
604,369
280,665		 
The notes form part of these financial statements

Page 16

The Vincent Society
Trading as CMJ UK

Notes to the Cash Flow Statement

for the Year Ended 31 December 2023

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
(Gain)/losses on investments
Interest received
Decrease in stocks
Increase in debtors
Increase/(decrease) in creditors
Difference between pension charge and cash contributions
Net cash used in operations		 31.12.23
£
(89,912)
7,018
(21,779)
(14,833)
6,131
(37,298)
4,789
(5,619)
(151,503)		 31.12.22
£
(329,533)
6,137
158,055
(1,425)
417
(38,670)
(2,796)
(12,619)
(220,434)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£ £ £
Net cash
Cash at bank and in hand 280,665 17,788 298,453
280,665 17,788 298,453
Total 280,665 17,788 298,453 
The notes form part of these financial statements

Page 17

The Vincent Society
Trading as CMJ UK

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

TheVincentSocietyisacharitableincorporatedorganisationregisteredwiththeCharityCommissioninEngland& Wales.
The charity's registered number and office address can be found in the trustees report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

Theaccounts(financialstatements)havebeenpreparedinaccordancewiththeStatementofRecommended Practice:
AccountingandReportingbyCharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicableintheUKandRepublicofIreland(FRS102)(effective1January2015)-(CharitiesSORPFRS102)and the
FinancialReportingStandardapplicableintheUnitedKingdomandRepublicofIreland(FRS102)(September2015)and the
Charities Act 2011.

Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexceptionof investments
which are included at market value.

The charity meets the definition of a public benefit entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Thetrusteesdonotconsiderthatthereareanysourcesofestimationuncertaintyatthereportingdatethathave a
significantriskofcausingamaterialadjustmenttothecarryingamountofassetsandliabilitieswithinthenext reporting
period.

Income

All incomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is probable
thattheincomewillbereceivedandtheamountcanbemeasuredreliably.Thesameprinciplesapplytoincome received
from government grants, which as barred by the SORP are not recognised on an accruals model.

The benefit of voluntary man hours is not evaluated in the financial statements.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisa legalorconstructiveobligationcommittingthecharityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Freeholdandlongleaseholdpropertyhavebeendepreciatedtowritedownthecostlessestimatedresidualvalue over
theirremainingusefullifebyequalannualinstalments.Consequently,thevalueofthelandhasnotbeendepreciated. The
usefullifeofthepropertyisestimatedtobenotlessthan50years.Hencethebuildinghasbeendepreciatedover 50
years using a straight line method.

Tangiblefixedassetsareinitiallyrecognisedatcostwhichisthepurchasepriceplusanydirectlyattributable costs.
Subsequently, tangible fixed assets are measured at cost less accumulated depreciation.

continued...

Page 18

The Vincent Society
Trading as CMJ UK

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Allotherfixedassetshavebeendepreciatedonastraightlinebasistowriteoffthecost,lessestimatedresidualvalue over
their useful lives as follows:

Computer equipment  33%
Other equipment  10%
Motor Vehicles   25%

Stocks

Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsoleteandslow moving
items. Cost is calculated using the average cost method.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Permanentendowmentfundsarefundswherethereisnopowertoconvertthecapitalintoincome,andmustgenerally be
held indefinitely.

Designatedfundsarefundswhoseuseisnotlegallyrestrictedbutwhosepurposehasbeendesignatedbythe Trustees.
TheTrusteesareentitledtousethesefundsinwhateverwaytheyseefit.Theyareincludedinthegeneral fund.
Restrictedfundsarefundswhoseuseislegallyrestrictedtospecificuseswhetherbyatrustdeedorbyaletter received
with the original gift.

The general fund covers all other retained funds which do not fall into the above categories.

Pension costs and other post-retirement benefits

Defined contribution pension scheme

Thecharityoperatesadefinedcontributionpensionschemeforstaff.Theassetsoftheschemeareheldseparately from
thoseofthecharityinanindependentlyadministeredfund.Contributionspayabletothecharity'spensionscheme are
charged to the Statement of Financial Activities in the period to which they relate.

Defined benefit pension scheme

The Charity participates in the Church of England Funded Pensions Scheme for clergy which is a defined benefit scheme.

ForschemessuchastheChurchofEnglandFundedPensionsScheme,theCharityisrequiredtoaccountforpension costs
on the basis of contributions actually payable to the scheme in the year.

The Charity does not contribute to the costs of this scheme as it is funded by the Archbishop's Council.

Unfunded pension scheme

Thecharityalsoprovidesunfundeddiscretionarypensionsto3pensioners.BarnettWaddinghamLLPprepares a
calculation of the future liability as at the balance sheet date.

Operating leases

RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightlinebasisover the
period of the lease.

Investments

Investments are included at market value.  Investment income is accounted for when due.

continued...

Page 19

The Vincent Society
Trading as CMJ UK

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Investments

Realisedgainsandlossesareaccountedforbyreferencetothesaleproceedsandeitherthelastbalancesheet valuation,
orthecostofthepurchaseiflater.Unrealisedgainsandlossesarecalculatedbycomparingthepreviousbalance sheet
valuation, or cost of purchase if later, to the year end valuation.

3. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Appeals
Donations
Gift aid
Legacies		 31.12.23
£
77,726
395,981
36,085
76,503
586,295		 31.12.22
£
32,510
339,249
36,634
94,154
502,547

4. OTHER TRADING ACTIVITIES

5.

OTHER TRADING ACTIVITIES
31.12.23 31.12.22
£ £
Olive Press sales 5,562 4,411
Royalties 21,086 22,629
26,648 27,040
INVESTMENT INCOME
31.12.23 31.12.22
£ £
Rents received 7,000 -
Deposit account interest 2,744 1,073
Other interest receivable 11,692 -
(Loss)/gain on disposal of investment 397 352
21,833 1,425 
continued...

Page 20

The Vincent Society

Trading as CMJ UK

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

6. INCOME FROM CHARITABLE ACTIVITIES

Source
Individuals
Churches
Annual conference
Other organisations
Subscription fee
7.
RAISING FUNDS
Other trading activities
Fundraising and publicity
8.
CHARITABLE ACTIVITIES COSTS
Israel
United Kingdom		 31.12.23 31.12.22
£ £
2,474 4,045
20,842 11,279
42,123 43,874
3,889 -
15,286 13,445
84,614 72,553
31.12.23
£
42,939		 31.12.22
£
30,529
Direct
Costs
£
147,932
426,182
574,114

9. SUPPORT COSTS

Staff
Governance
costs
Administration
costs
£
£
£
Other resources expended
120,933
93,424
8,400
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.12.23
£
Independent examiners fee
6,600
Depreciation - owned assets
7,018
Operating lease payments
41,568		 Totals
£
222,757
31.12.22
£
6,600
6,137
39,053

10. NET INCOME/(EXPENDITURE)

continued...

Page 21

The Vincent Society
Trading as CMJ UK

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

11. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023norfortheyear ended
31 December 2022.

Trustees' expenses

Trustees' expenses
31.12.23 31.12.22
£ £
Trustees' expenses 5,932 7,227 
Trusteesexpenseswerereimbursedto8trustees(2022:7)andrelatetotravel,subsistenceand accommodation
expenses.  Donations received (without conditions) from trustees amounted to £6,033 (2022: £10,678).

12. STAFF COSTS

31.12.23

£
Wages and salaries
334,085
Social security costs
17,076
Other pension costs
16,887
368,048
The average monthly number of employees during the year was as follows:
31.12.23

United Kingdom
7
Administration
6
13
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
31.12.23

£60,001 - £70,000
1
Redundancy costs in the year totalled £30,000 (2022: £Nil).		 31.12.22
£
289,476
20,985
21,725
332,186
31.12.22
9
6
15
31.12.22
1		 
continued...

Page 22

The Vincent Society
Trading as CMJ UK

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Individuals
Churches
Annual conference
Subscription fee
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Israel
United Kingdom
Other
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Other recognised gains/(losses)
Actuarial gains on defined benefit schemes
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
444,702
4,045
11,279
43,784
13,445
27,040
1,425
545,720
30,529
78,544
405,140
225,158
739,371
(158,055)
(351,706)
74,781
(276,925)
1,181,085
904,160		 Restricted
fund
£
57,845
-
-
-
-
-
-
57,845
-
19,989
15,683
-
35,672
-
22,173
-
22,173
112,930
135,103		 Endowment
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
566,367
566,367		 Total
funds
£
502,547
4,045
11,279
43,784
13,445
27,040
1,425
603,565
30,529
98,533
420,823
225,158
775,043
(158,055)
(329,533)
74,781
(254,752)
1,860,382
1,605,630		 
continued...

Page 23

The Vincent Society

Trading as CMJ UK

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

14. TANGIBLE FIXED ASSETS

COST
At 1 January 2023
Additions
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2023
Additions
Disposals
Revaluations
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 Freehold
Office
property
equipment
£
£
374,726
40,549
-
1,387
374,726
41,936
44,970
20,944
2,998
4,020
47,968
24,964
326,758
16,972
329,756
19,605		 Freehold
Office
property
equipment
£
£
374,726
40,549
-
1,387
374,726
41,936
44,970
20,944
2,998
4,020
47,968
24,964
326,758
16,972
329,756
19,605		 Freehold
Office
property
equipment
£
£
374,726
40,549
-
1,387
374,726
41,936
44,970
20,944
2,998
4,020
47,968
24,964
326,758
16,972
329,756
19,605		 Motor
vehicles
£
1,938
-
1,938
1,938
-
1,938
-
-		 Totals
£
417,213
1,387
418,600
67,852
7,018
74,870
343,730
349,361
Listed
investments
£
755,565
304
(1,497)
21,779
776,151
776,151
755,565		 Totals
£
417,213
1,387
418,600
67,852
7,018
74,870
343,730
349,361
Listed
investments
£
755,565
304
(1,497)
21,779
776,151
776,151
755,565
2023 2022
Market Market
Cost Value Cost Value
£ £ £ £
Unit trusts 68,283 53,192 67,978 51,404
Shares in O.E.I.C. 569,184 722,569 570,687 703,770
Cash on account 391 391 391 391
637,858 776,152 639,056 755,565

15. FIXED ASSET INVESTMENTS

There were no investment assets outside the UK.

continued...

Page 24

The Vincent Society

Trading as CMJ UK

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

16. STOCKS

STOCKS
31.12.23 31.12.22
£ £
Stocks 5,730 11,861 
Althoughnotmaterial,stockhasseenasignificantreductionbycomparisontothepreviousyear.Thisisdueto the
disposal of various stock lines for £Nil proceeds.

17. DEBTORS

Amounts falling due within one year:
Trade debtors
Prepayments
Amounts falling due after more than one year:
Other debtors
Aggregate amounts		 31.12.23
£
152,101
9,234
161,335
-
161,335		 31.12.22
£
120,696
3,341
124,037
154,652
278,689

18. CASH AT BANK AND IN HAND

Includedincashatbankisanamountof£143,422(2022:£113,703)whichisheldinbankaccountsunderthenameof The
Church'sMinistryAmongJewishPeople.InaccordancewiththeTransferAgreement,allassetsandliabilitiesof The
Church'sMinistryAmongJewishPeopleweretransferredtoTheVincentSocietyat31December2014.Thisincludes all
money held in cash or bank accounts.

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23 31.12.22
£ £
Trade creditors 7,450 8,207
Social security and other taxes 5,996 54
Other creditors 1,685 2,844
Deferred income 10,214 9,683
Accrued expenses 9,655 9,423
35,000 30,211 
Deferred income relates to income received for bookings in advance of events taking place in the following period.

Deferred income brought forward has been fully released in this financial year.

continued...

Page 25

The Vincent Society
Trading as CMJ UK

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

20. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£ £
Within one year 25,992 41,568
Between one and five years 7,544 33,536
33,536 75,104

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed
assets		 Bank and cash Other assets less
liabilities		 Total
£ £ £ £
Permanent Endowment Funds:
Jane Cook fund 147,369 - - 147,369
Dolman Trust fund 201,992 - 77,578 279,570
A.C. Martin Memorial fund - 139,428 - 139,428
Restricted funds:
C. Payne literature fund - - 1,273 1,273
Israel - AISJ - - 68,294 68,294
Israel - Beit Immanuel - - 41,389 41,389
Israel - Christ Church - - 7,429 7,429
Israel - Other - - 7,577 7,577
UK - - 9,141 9,141
Unrestricted funds:
General fund - 61,792 57,362 119,154
Minimum reserves - - 300,000 300,000
Succession & reorganisation - 34,097 387,503 421,600
Israel Loan Fund - 45,348 - 45,348
Israel - - 18,058 18,058
349,361 280,665 975,604 1,605,630 
continued...

Page 26

The Vincent Society

Trading as CMJ UK

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

22. MOVEMENT IN FUNDS

Balance
1January 2023		 Movement in
incoming
resources		 Movement in
outgoing
resources		 Transfers
Balance
between
31December
funds
2023
£ £ £ £
£
Permanent Endowment Funds
Jane Cook Fund 147,369 - - -
147,369
Dolman Trust Fund 279,570 - - -
279,570
A.C. Martin Memorial Fund 139,428 - - -
139,428
566,367 - - -
566,367
Restricted Funds
C. Payne literature fund 1,273 - - -
1,273
Israel - AISJ 68,294 21,332 (999) -
88,627
Israel - Beit Immanuel 41,389 9,130 (407) -
50,112
Israel - Christ Church 7,429 9,650 (438) -
16,641
Israel - Other 7,577 12,083 (2,004) -
17,656
UK 9,141 570 (1,504) -
8,207
135,103 52,765 (5,352) -
182,516
Unrestricted Funds
General Fund 137,212 675,354 (725,192) 45,348
132,722
Designated Funds:
Minimum Reserves 300,000 - - -
300,000
Succession & Reorganisation 421,600 - (71,906) -
349,694
Israel Loan Fund 45,348 - - (45,348)
-
904,160 675,354 (797,098) -
782,416
1,605,630 728,119 (802,450) -
1,531,299		 
The Jane Cook Fund is held for ministry in Israel.

The Dolman Trust Fund is to be used for education work in the United Kingdom and encouragement of Jewish believers.

The A.C. Martin Memorial Fund is for the education of people from the Middle East.

The C. Payne Literature Fund was established to provide texts and pamphlets for the charity.

Israel-AISJisdonationsreceivedforworkoftheAnglicanInternationalSchoolinJerusalemandforsponsorshipof pupils
within the school.

Israel-BeitImmanuelisdonationsreceivedfortheongoingworkandtherepairs/developmentofBeitImmanuelin Tel
Aviv.

Israel- ChristChurchisdonationsreceivedforthevariousministriesoperatingfromwithintheChristChurch compound,
including the ministry undertaken by the Church, for the world of the guest house and for CMJ Israel.

TheRestrictedFundsforUK,Israel-OtherandC.PayneLiteratureFundhavebeensetupbydonationsforthiswork and
for which expenditure is incurred in accordance with the restrictions attached.

TheMinimumreservesfundisdesignatedastheminimumlevelofunrestrictedfundsinlinewiththecharity's reserves
policy.

continued...

Page 27

The Vincent Society
Trading as CMJ UK

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

22. MOVEMENT IN FUNDS - continued

TheSuccession&Reorganisationfundisdesignatedtocoverexpenditurelinkedtodevelopingsuccessionplans and
actioningthese.Thisalsoincludescoveringcostsonstaffconsultationona newmediumtermstrategytolookat exploring
new opportunities to ensure the charity remains relevant.

IsraelLoanFundwasthebalanceoffundsallocatedbutnotyetcalleduponbyCMJIsraelfortherepairstotheir premises.
This was fully repaid in 2023.

23. EMPLOYEE BENEFIT OBLIGATIONS

Thecharityprovidesanunfundeddiscretionarypensionto3pensioners.Thebenefitsarepaidfromthecharity's general
fund. The deficit has decreased in 2023 as a result of the death of one of the pensioners.

The amounts recognised in the balance sheet are as follows:
Defined benefit pension plans Defined benefit pension plans
31.12.23 31.12.22
£ £
Present value of unfunded obligations (19,100) (40,300)
Deficit (19,100) (40,300)
Liability (19,100) (40,300) 
The amounts recognised in the statement of financial activities are as follows:
Defined benefit pension plans Defined benefit pension plans
31.12.23 31.12.22
£ £
Net interest from defined benefit liability 1,800 2,100 
Changes in the present value of the defined benefit obligation are as follows:
Defined benefit pension plans Defined benefit pension plans
31.12.23 31.12.22
£ £
Defined benefit obligation brought forward 40,300 127,700
Interest cost 1,800 2,100
Actuarial losses/(gains) (15,600) (74,900)
Benefits paid (7,400) (14,600)
Defined benefit obligation carried forward (19,100) (40,300) 
Principal actuarial assumptions at the balance sheet date (expressed as weighted averages):
31.12.23 31.12.22
Discount rate 4.40% 4.95%
Future pension increases 2.50% 2.30% 
continued...

Page 28

The Vincent Society
Trading as CMJ UK

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

23. EMPLOYEE BENEFIT OBLIGATIONS - continued

Defined contribution scheme

Thecharityoperatesadefinedcontributionpensionscheme.Thepensioncostchargerepresentscontributionspayable by
the charity to the fund and amounted to £16,887 (2022: £21,725).

24. RELATED PARTY DISCLOSURES

Remunerationpaidtokeymanagementpersonnelwas£127,966(2022:£110,099).Aresidentialpropertywas provided
for the use of a member of key management personnel whose remuneration was reduced to reflect this benefit.

Page 29

The Vincent Society
Trading as CMJ UK

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23 31.12.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Appeals 77,726 32,510
Donations 395,981 339,249
Gift aid 36,085 36,634
Legacies 76,503 94,154
586,295 502,547
Other trading activities
Olive Press sales 5,562 4,411
Royalties 21,086 22,629
26,648 27,040
Investment income
Rents received 7,000 -
Deposit account interest 2,744 1,073
Other interest receivable 11,692 -
(Loss)/gain on disposal of investment 397 352
21,833 1,425
Charitable activities
Charitable activities 93,343 72,553
Total incoming resources 728,119 603,565
EXPENDITURE
Other trading activities
Fundraising and publicity 42,939 30,529
Charitable activities
Engagement and youth work salaries 228,666 201,882
Social security 9,793 15,599
Engagement and youth work pensions 8,656 14,190
Sundries - 278
Israel 147,932 98,533
Engagement 59,432 64,861
Annual conference 83,209 81,631
CMJ Days 18,252 32,274
Carried forward 555,940 509,248 
This page does not form part of the statutory financial statements

Page 30

The Vincent Society

Trading as CMJ UK

Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23 31.12.22
£ £
Charitable activities
Brought forward 555,940 509,248
Olive Press 13,036 5,730
Freehold property 5,138 4,378
574,114 519,356
Support costs
Staff costs
Wages 105,419 87,594
Social security 7,283 5,386
Pensions 8,231 7,535
120,933 100,515
Administration
Trustees' expenses 5,932 7,227
Rent and rates 30,074 35,191
Insurance 6,802 4,173
Light and heat 11,487 12,101
Telephone 3,987 4,128
Postage and stationery 3,661 8,614
Sundries 2,563 9,778
Bank charges 5,630 4,502
Subscriptions 1,391 812
Professional fee 8,808 10,810
Staff expenses 1,107 4,132
Repairs and renewals 8,058 8,352
Staff training 2,044 4,364
Fixtures and fittings 1,880 1,759
93,424 115,943
Governance costs
Independent examiners fee 6,600 6,600
Interest on pension scheme liabilities 1,800 2,100
8,400 8,700
Total resources expended 839,810 775,043
Net expenditure before gains and losses (111,691) (171,478)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments 21,779 (158,055)
Net expenditure (89,912) (329,533) 
This page does not form part of the statutory financial statements

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