REGISTERED COMPANY NUMBER: 02191195 (England and WHles} REGISTERED CHARITY IYUMBER: 1200039 THE CHRI Tl OMM NIT LIMITED VINAN IAL TATE TS R THE YEAR END D 31 DF,CEMBER 2024 Shaw Gibb5 Audit Ltd 2fj4 B&iibuiy Road Oxfoi'd Oxfordsjiire OX2 7DY THE CHIUSTIAN COMMUNITY TRUSTEES LIMITED CONTENTS OF THE FILNANCIAL STATEMENTS for the ear ended 31 December 2024 Pigc Roport oftlie Trustees Roport of tho Indcpcndont A*dltor 5 to 8 Stoternent of Wnanclal Aetlvl-IcB Stjtoment of Flnuhrlml Pojltlon 10 Statenknt •(Ca$li FIosV$ Notes lo the St8t¢men¢ of C811 Flows 12 r4ote9 ¢0 tbo Flnnnclal Stwlomenls 13 to 22 DetAllcd Statcmellt ofFlnonclal Acllvltlo5 23 lo 24 THE CHRISTIAN MMUNITY TRUSTEES LIMITED REPORT F THE TRU TEES for the egr ended 31 December 2024 The tNstecs who at¢ also directorn oFth¢ charity foi. Ihe purposes of the Compaiii¢8 A¢t 20061 pr¢seiit their r¢poit with the IinanGial stateinents of the ch8rily foT thc year ¢nd¢d 31 Dec¢mb¢r 2024. Th¢ trustees hav¢ adopl¢d the provisions of Accou1￿"ng and Reporting by CharitiL%'. Statement of Recoi]llTLEnded Practic¢ applicable to charities PiEparing theii. accoimts in accord2n¢e with tkne Financial R¢poTtiii¥ Stallthrd applicabl¢ in th¢ UK and Rcpublic of Irelaild (FRS 102) (effectivc I Jalluory 2019). OBJECTtVES AND ACTIVITIES Objeeilves aAd Alms T]￿ Cli￿1.1t￿b1¢ objeeiive of Tli¢ Christi￿1 Cortm￿u￿thY Trusl¢¢s Limited 15 the provisiot) of fll¢iliti¢s for th¢ ts)stnKtioJi or people iii til¢ Christian rellwoii. Signifi¢ant a¢¢lvltles Acr05S the Untted Kiiigdom, th¢ chthrity hgs sev￿1 COn8Y¢gations willi re8id¢nt PL'l¢St5 and twelve that ar¢ visit¢d regulai'ly, who raiye fi￿dS foi. the iniintcTrance and edubation of priests. Centralis¢d funds ¢o-oi"dinat¢ tlie activitics of t￿￿￿e braii¢hes aiid Inoinlain tlie chllrity's freeliold properties. Further details of tlie principal activitie5 uiidei'lakeii by Ihe chArily air giveji UZKiei' th¢ subsequcnt lieoding"Publi¢ Befte:Jt" Tlio fin•ii¢ial ￿L(¢inentS attached to thi5 rcport hrlve beeli coii30lidat¢d io iYflecl th¢ iiicuinfy expenditknre, 156ets and liabiliti¢s of tho con8r¢gations, Per8P¢Ctives Itlie Community joumal), tho Pri¢sts R¢tiiEment Support fynd and the Ccntral aencrnl Fund. Publle beneflt The charity 8ecks througli its itligious 5¢rvic&s and iDSknuction t(p give tneAThing to peoplo's lives and lo conlribiite io th¢ir spiri￿Al wellbcing. Thiy lielps provide a moral and etbicol fthm¢work for thelr liv¢$. This fi'amework offers b¢n¢fits to wider ocie¢y well 0% individual $ensc ofpLIIVOS¢. Th¢ congr¢galion5 hay¢ networks of C￿'e both fDmiall￿1 aT￿ iiifoi'inAI whicli in¢8n that meinber.% are of oach other'q need% of the noeds of the wider coi))niuiirty iii theii. arca, and providc hclp ot. mfjtty kiiid8. Tli¢ iacranienrs aiid ¥ervi¢¢$ irc open ID all. Rcligious %ervices and ii&%truciioii for childreii ¢onlL'ibules to tli¢ir moi41 &iid spirilu*LI educALioii. Ih ritual% ai'ound dcllth provide coiiifort for tlie dying as w¢ll a5 tl)¢ bereuvcd. Pricsts aic oftcn called ort to otrei. pa5toi.al ounselling to peoplg withoiit ttny oiher ¢onne¢tion to the commiinity and give this fre¢ly. Congrcgotions put oil publi¢ l¢¢tures und CO1)feren¢￿ on wido-ran8ing thernes which iiiclude other religioLlY, ¢cology and 89¢ig1 mattcrs. STIL4TECIC RIPOR'I. A¢hievcmenl p¢i'lorm#nce ChAritAblo activitlC5 As life reiumed to lloirnl aflcr ilie global p4ndemio, tiere wa5 a iEnewed inteirst itt 0￿r octivities in many ofour con¥r¢gatioiis. Tlie level of givi1)¥ has been sustAintd=veJi in the Lu¥l ofiiviiiy crisis. We h*ve used our resoiircc8 to SilPPOTI students IL trainin8 uiid thc continual profrssionol development Lif PlLESts, 85 well 48 our r¢8uIAr uctiviti¢y. Merger wlth Tlie Clirl¥tlaYJ Communlty Grext BrltAI On 1st Januory 2024 the cornpdny look over the net assets al￿ activities of The Christian Coinmunity in Great Britain, uninco￿oraIed ¢hai'ity willi ¢hari¢y regisiralioii number 210029. The ¢omp&ny Iiad Prpviously octed as corporate Irllstee for th&t charity. No ¢on8idcration w88 wv¢ii foi. the ll¢t &¥s¢ts acquired. Thi¥ ¢hanse, whicli ¢ffe¢tiv¢ly repres¢nts the inwrpoiation of the ¢xi5ting Cl￿rIty. is de¢mcd to be a recon5ttuGtion for a¢¢ountiiig PULposes. irtanclal revl¢w Flnanei41 p051tlDll The charitgs n¢t movement in funds for the ycar is detliled tli¢ Stat¢mcnt of FinTrr oial Activities wlii¢li $l￿wS a suTrlus of £807,960 (2023.. £134,965 deficill. The Charity ber..efited from ilie revaluation g&in on tlicir inv¢sthicJJt properties of £858,832 in th¢ year ended 31 December 2024. Page I THE CHIUSTIAIY COMMUNITY TRUSTEE LIMIT REPORT OF TTrIL'fRUSTEES ear ended 31 Deeember 20 STIIATEGIC REPORT FinancSul rEvieiY Prlnelpal funding sour¢¢$ The principal sources of fiJrtdi118 for th¢ Cliaflly dotiations r4nd legAcies froin Inembeis of its eongregaLions, rentml income g¢n¢rated fiY)In freehold and long Icasehold properties. and asset realisations. Reserves potl¢y Jt is the policy of Ihc charity to iry to inaiiiiain iinre51ricled r¢s¢rves which ajr the fTe¢ reserves of Ihc clial'lty at a level which equates lo k)pproximately y¢ae$ unrestricled ex)enditure, currently £450.000, Tlii$ pl￿VIde8 sufficient fwids lo cover niaiiagement aiid adininistration llnd support ¢ost,% and lo irspond to erntrgency graiil llppli¢ations whiel) FnAy &i'1se from tiine tts liille. As at 31 Deccii)b¢r 2024 tiie cli8liiy Ihid uturslrictcd nel current aS%et￿ u*f £233,427 (2023.. net current &qet8 £168,016} wl?i¢h r¢tlcci fiELwe5 well b¢low IIL'S iargel. The trus1¢￿ are aclively piwsuiug n prograrnn￿ of assct 8ale8 whicli they anticipate thal a illore sullable l¢v¢l nf general fun(ts will be ae11ieved. lil Ilie opiiiion of tlie Coun¢il or Management ofthc Trust¢e ConwaL)y Ih¢ market vulue of th¢ Charity's freehold prop¢rty i$ in excess of its book valu¢. Cjolkg eoncern Tl)e ch41'ily& net Imovcinent in fvnds for th¢ year is ddailed on Ihc Sialcmcnt of Fin&n¢i&l Aciivilics whi¢h shows a surplils of £807,960 (2023.. defi¢it £134,965). Th¢ tru$t¢es ar.licipaio that Op￿ilLng KiivitLe5 in 2025 sI￿uld be casli g¢nLI'aliv¢. Altl)oiigh tlie charity ha& significllnt b01rowin￿ its. leiiders 8lQ wrties who are supporriv¢ ut. its. work find the thustees anlrbipule bein¥ ablc lo mdke fLirih¢Y ai?b¢l Kuli¥ali01is Wlthin 3uiiabl¥ time fTllm¢y to enubl¢ it to Ineel i18 repaymvnt oblig&tioi)s. Foi. these roagons th¢ tru8t¢e$ consider that the ¢harity is d goiLI8 eonceiT. Future pl&ns T1￿ Cliai'ity is worki1i8 hard to fiiid pri¢sts WEW wryll ￿ abl¢ to rcplaco eurrcnt pi'i¢sL8 wlio aTO licAdiDg for rctircinent. Oricntulion Course$ Rro organised in tlic UK, and WL. t￿. SLipporling ¥lud¢n18 who arc inlcjiding to slari Studying ai our iiitenitttional s¢minarl¢8, STRUCTURL, C.OVERNANCE AND MANAC.EMJLNT GnvernlnR docurnent The ¢huiily 15 controllcd by its governin8 docum¢nt, a deed of ttwst, constituios a limited ￿mpAnY, limit¢d by 8uarantee, as defined by the Cornpanigl Act 2006. R¢¢r￿lI￿?￿l Hpptylntmcnt of neiv trust¢o¥ Tli¢ period ofgtfic¢ for tt1151ccs is nonnully 5 yenrs. hfcmbcrslJip is norniHlly considered from iiieinbers ofilic Chrislinji Commuiiity. We s¢¢k Couiicil In¢mbers with a bal&nce of exp¥ri¢n¢e- fin&ncidl, l¢glll and prDP¢rty manugement- iii addiiLQJI 10 Televont pors01)al qLi81it1¢3 and experience whi¢h will enAblc IhcLlI lo Liphold Ili¢ objecis of our ¢hariiy. Membgrship Goi￿1Sts of.. tlig L¢nk¢r bctween l Rnd 4 ￿.1¢s￿ (eh05en by the Synod) and up to S lay memb¢rs (propTried by Coun¢il of Managjeinent &nd ele¢led at the Aiinu81 General M¢elin¥). As 811 prospective Couiicil members are Members of th¢ Clll'istiJn Coinmunity, they air to at I¢￿st un¢, thiid oftttt more priests who are asked foi a reference for them whcn thcir ii#me is put forward. A selected potoniial Coiincil member will be ittviied to Httend 1-2 Council ineeting¥ AS a 8uesi befoiE foi'inftl appointill¢nl, ulld on Lppoii)ttncnt will b¢ provid¢d with copies of all r¢l¢vant minut¢5 and policy papw%. Thereafia., Council I￿en)bel. would eith¢r bc working closely ￿1th a morB expa'ieiiced mErnbcr or witl) th¢ L¢nk¢r, aiid would be Aceouniobl¢ lo th¢ Coiincil of Majiagement al the twi¥￿Yea1.1Y meeling. Tho Couiicil recowiis¢$ Il)¢ ll¢Ed for apwY)pri&le traliiing of trustee5 and kecping up to dal¢ wilh ncw .e8isltttion. To this ￿ld, on¢ Council Jllcmbcr has undertaken Specific Iraiiiing IE) the r¢¥ponsibilily ofchArily tnislees as part of work willi a related charitable COTnpHny. Page 2 THE CIIRISTIAN OMMUNITY TRUSTEES LI ITED EPORT F THLI TRUSTEES ror the ear ended 31 December 2024 STRUCTURE. GOVEiII¥Af4cE AP4D IVIATrIACEMENT Organlsatlonal $tructurL Tlic trustces air responyiblc for oveT5ecin8 the acliwtieg of th¢ c]￿rIty nd m¢et on a regulaT basis to review th¢ finanoial $¢tuation of th¢ ¢hariiy along with policies siz¢h A* safeguardijig. Orte of tlie prte$tS sEiving iii the ¢ouniry has tlje role or Lenk￿., which involves ov¢rsight of both i'eligious und pastoi'al activitics, as well as financ¢ aiid adTt)iTU&tration. Individual prie8ts Rre responsible For religioiis and pastoral activities wiiliin ea¢h COn￿egatIOn finances are managed by a local t￿&SUrer. Central fil￿n¢eS are managed by a bookkeeper ui?der the supvvi5ion of ille L¢nk¢r. Risk Man￿￿￿ent Tli¢ IrusiEes hawe o dilly to id¢ntify athd review tli¢ rysks to which thc cliarity is exposed and to thiSUTe appropriate ontroli alt in plft¢e lo provide re8801)ablo asburaiig¢ 8gainsl froud and ciioi.. Tlie Couiicil ljas ass¢&*ed tbe two nTrajor risks facin8 ilie charity os.. linLttci&l risk and piiblil liability. It lias address¢d these risks iii the fo1luwiTj￿ ways.. Giiidelines are published f¢r tliose 8roups &nd individiials working with finAnee$ a¢ a brancli and nfytional levol. including tlio n¢ed foi. two cheque Sig1￿t￿rieS, aiid t￿￿ i'egular auditing of cottgregation accountg and otlier finaneial activiiie5 sucll gs gill aid lax rcclaims And appeal donniions., All C￿rity publi¢ properties {i.e. chvr¢li¢sl are fully i115ur¢d for publie liobility,. The Council ba5 agreed a Cliild & VulnL'rabl¢ Adult5 Protcction Puli¢y, copies of whleh llre Available iii ev¢ry ongr¢¥atioii. Cowicil mEtnbeis hllve uiidcrgvn¢ ti'aining in adulvcliild protection,. A dlli8 Protection poli¢y was agreed and impleniciited,. and oiher I'isks are roview¢d rcgiiltti.ly thi Council n)Cc(in￿. REFERENCE AND ADMINISTRATIVX DETAILS Regl$t¢red Company niimbor 0219119S (Eii8lind and Wales) Reglstcred Charlty number 1200V39 Re¥l$terLid Dffice Hartfirld For¢$t Row East Su55CX RH18 5DZ Truste¢s Mr P P Abcl18ppointed 25.2.25) M51 T Gordon Tlie Rev W B Booiistopp¢l Mr P A Lnngston The Rev E Keller The Rev T O Rav¢lz Mi. C J D MacleAn Miss R Phillpot The S Porter-mooi'a (rE5igned 23.7.24) Ms C Dono￿luC IresiLtiied 20.3.251 Cornpany Sec￿tarY MrP A L￿gSton Page 3 Tl41 fTTRISTIAN C()fvliNIUYI Il'y TRU41-bE% LIIMITED FI'ORT OF TIIE TRIISTELS '¢ar Eiid¢d 31 l)eetmber 2 RLfERENCI.h4yII ADMINI%I'RA'I'IVI,- Dl,:'fAI(. OX? 71)Y S, Rf.5PI)N415SIL.ITIES .'LK............... SiBnod oli ￿1¢ brtard's b*haifb¥.' REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE CHRTSTIAN c()M￿luNTTy TRUSTEES LTMITED I hav¢ audited die financial statements of The CM'istign Con￿nun1ty Truste¢s Limited (tlie'chai'iisble compansel for th¥ yeor ended 31 DEccrnber 2024 whirh comprise the Sratem¢nt of Financial AL'tivitlCS, the Ststement of Financial Position, thc Statement of Cash Flows ELnd notes ttr thc financiol r&iements, including a siimmal'y of gi8nificAol &¢¢ounling policies. Tlic fiiwnci¥l trportit]g framework that has been uppli¢d in their preparatioii is applicable law and United Kingdom Accounting Sland#rdJ (Unitd Kingdoji) Gel￿rallY Accepted A¢col￿tIng Pracli¢¢l. In Iny opinion tlie fiiiancial Blalemenis.. give a Iri¢ and fail. vi¢w of the stale of the charilable Company's affairs a5 at 31 DeceTnber 2024 *Jlld of its incoming resources and appli¢ation of re501Trces, in¢luding its income and expendI￿re, for the year then ¢ndeil,. li&v¢ been properly Pl'epaied in u¢¢ordan¢¥ with L-nited Kingdom Generally Accepted A¢¢ounting Pi'aciice; llnd have beeli prepared iii accordallce with the requirements of the Coinpaiiies Act 2UI)6. Basls for oplnloii I conduei¢d my audit in ￿cordIn¢£ witli lrtternational Standards on Atsditiny (UK) IISAS (UK)) and applicable law. My resp0115ibilili¢s undei. those standards arc further described in th¢ Audiloi. r¢sponsibiliti¢s for i.h¢ audit of the financiAI 51atoM￿ltS S¢Ction of niy lEp￿t. l am indopcnd¢nt of tlTre LliJrilable conipany in occordance with the eihi¥ul rEquirEment5 Ihai arc rel¢vaNI lo rny 4udit of the financial slatcmems in Ihe UK. including tl)¢ FRC'S F,Ihic&l St&ndard, and I have fulfilled y other etliical respon5ibiliue9 in accordaiice witli th¢s¢ reqLiirements. J believe that the li￿lt evid¢n¢e I hive tsbtaincd is su￿1Clent wicl appiY)pi'ialc to provid¢ a btssi5 foi. Iny opinion. Concluylonj relAtlng to %oln% coneern Iii auditing thb fJnunciHI 8latcment%, I have ¢oii¢luded ihot the ttrjstees, use of tlie ￿Ing cowern basi$ of a¢counting itt the pirp41'&tiuii ofilie finaucial si&tEinenl¥ is appropriAt¢. Based Ilie work I liave perfurm¢d. I havl nvl idenlificd aiiy Iniierial unLoi'laiiilies rcl¥ling lo ovenis or condilions Ihal, individually or colle¢tivcly, may Cast signifLc&nl doub-. on U)e cknrithblc company's abiliiy lo ¢Oiiliiiu¢ as A going conetni for o period of at Icast twelve moiiths from whcn Ilie ftn&llcial stalemeiils arc HuihTrri8cd lor i&bUe. My responsibilitlès ond the r¢sponsibili1i¢5 of tl)e InJ%iees willi r¢sp￿t to 8oln8 con¢¢rn are descriW In tli¢ r¢levBI)t secilon% of this reporL Other Informatlo Th¢ tiusiees Are irsponsiblc for tht oth¢r iiifonmatioii. Th¢ oth¢r inf017nation compris¢¥ th¢ infomiation in¢lud¢d in the Ann114LI Report, other thxn the finaIicial ¥tal¢ments anc rny Report of117¢ liidependent Auditor th¢rcon. My opinion on th¢ financiol Siatel￿entS do¢s not cover lthe otlier infonnatiort aiid, ¢xc¢pt to Ilie extent Otherwi￿ ¢xpli¢itly stated in my rcpoit, I do not express Eny fonn of 055urRnce conclu¥ion thoreon. In coNiectioll with my audit of the financial siateirnnts, my responsibility 18 lo read the other illfDfin81ion llnd, in doin8 $0, eott$id¢r whether Ilie oihol. iiifDrmation 15 maleriolly incnn818tent wilh the finaiicial .¥lAtemenls or my kiiowledge obtained in the ttudit or otli¢rwis¢ appcui3 lo be muterilllly mi5Stated. If l identify 5Lich materiJl iii¢onsisL'ciicics or opparent material misstatements, l ain re(IUilEd to dotcnniii¢ wheth#i' this 8]V¢5 1.18¢ to a Tnattrial iiiisslat¥meiit in thc financial $tatem6nts Ibem¥clve8. If, bas¢d on Uio woik I Iiave p¢rfoiincd, I coiiclude that Lliere is a mal¢rial Ini58tat¢m¢nt of this other inf01x￿li0n, l am reqliiird lo Jrport Ihat faei. I hove Iiolhin8 ID repart iii this TEgard. Opinions on other m#tt¢r$ prescribed by tht Compallle5 Act 2006 Ill my opinioi), based on tlie work uiidertak¢n in tlie c(xirse of tlie audit.. the infDtmation giveii in thc Rcport ofihe'fiwteey for the fjnancial yeuL' foi. whith the fioan¢ial statements pr¢p8red is consistent will) tlie fJndn¢i&l statements: and the R¢pori of tlie Trnstees I￿S been prepared accordance with opplicuble lo8al r¢quirEineiits. Pago 5 IiEPORT OF THE INDEPE.NDENT AUDITOR T THE EMBFRS OF THE CHRISTTAN COMMUNITY TRUSTEES LIMTTED Matt¢i'i wliieb l am rcqulred th reptsrt by extoptlo Jn t116 light uf thE knowled8e and und6rstanding of ibe clioritable couwany and its envllDnment obiained in the course of the audit, I h&ve not identified msterial misstai¢Lnonts in th¢ R¢port of the Triiste¢s. I liavc Llotliing to report irt respc¢t ofili¢ followiiig ￿￿t[¢r8 where lli¢ Cornpanies Act 2006 requir¢5 to r¢port to you if. in my opinion.. adeqiialc accounliii8 Txords Iiave not beei) kept or reiuTns ad¢quate for nry oudit liave noi been rw¢ived fi'om brniiehes t￿1 visited by nic,. or tlie fillai)cial $tstem¢nts are in agr¥Em￿t with the a¢¢ounting r¢cord5 rEn￿ls. or certgin di.$closurcs of tnjstees, renwneTation speciJed by luw arc notmade.. oi. T have no¢ Jrceiv¢d tsll the infoi'nthtion and expLqiiations I rtQUllE foi. InyaudiL R¢spon$lbllllle¥ of trv$lees As explained moir fully in the Siatemont of Trusitss, Responsibilitie8. the trLlSte¢s (who air plso the directors of th¢ chai'iiablc company for tli¢ purpos¢8 ofcomp&Iiy lawl are r¢sponsibl¢ for Ilie preparution of thc finoncial Sta￿￿CnIB and for b¢in&T sat)5fied tliar Ih¢y kriv¢ a trlie and fail. vicw, and for suih intenial coiitrol as tli¢ trustee8 del¢Ytnlll¢ 15 nece559ry to enable the preparation orrinancial slal¢nienis thai are fi'c¢ from mateTial mi581atemeni, whelhcr due to fral￿ or error. In PTq)aring I1￿ financial stalern¢ntS, th¢ trustees iro rtBpoJisibl¢ for A5sessiiig th¢ ¢harit&61e ¢omp8ny's 8bility to coiitlnu¢ as a goi1￿ coiicern, di%closill8, &$ appli¢al)l¢, miLters relalcd to goiiig eon¢¢rn and using the goi1)8 concciii basis of accouMtI1)g unless ilie trii$t¢cs either inknd lo liquid(Il# Ilie charilablc coinpwiy uj. to C￿$¢ opbr%llion$. oi. I1￿1ve no Yealisii¢ Kltein41ivg biit ro do sa. Page 6 REPORT OF THE IYI DEPENDE T AUDITOR TO THE MEMBERS OF THF CHRISTIAN COMMUNITY TRUSTEES LIMITED My r¢sponsil)ilitie5 for tho gudlt of the fi￿ll￿Cl91 statements My objectives are to obtain reasol￿b]e assuraJJ¢¢ abDut wh¢thEr the financial stat¢n￿nts As a whoLe are fire from material mi$$tat¢TrKiit, whether di￿ to fraud or erroL, and to 18sv¢ a Repoit of ilie Ind¢pend¢iil Auditor that includes iny opini02L R¢asonable assurance is a hi¥h level of ossurw)c4 bur is not b guarantee that all 8udit ¢ondu¢ted iii a¢cordance with TSA5 (UK) will alway8 d¢i¢cl a material niisslatemenl wljen il exists. MisstateJJi¢iils cali orise Iroib r￿ud or eri'or and ar¢ considei'ed ii?&tciial if, iTrdividu8lly or in the aggregate. they could ieasonably be expected to influ¢nce the economic decisions ofusers taken on the basis of tliese fiiiancial 51atements. The ext¢nt to whiLh iny procedures or¢ capable of drrtcting irregu18rities, including frwd is detailed below.. th¢ ¢i)gaEemeiit p&t*)er enswed that the ertgagenw)t team Collectively l￿d the appiDpriale coinpetcnee, captthilitics and skill% to idcnlify or rccugnise non-complifjncts with (i.s1'1'Jo 31 Deccmhci. 2024 Uiircstricted RL'ylriLIL'd 7.99:,.U)I X.665.570 7.9?7.0?I C'LIIIRFN I. ASSI.: I'S lknbivrs 40$ 177,1%3 607.811ised onc¢ forinal ftotification 1$ Te¢¢ived from thé Executors of the dcGcased'8 will, and the￿ is & reasort2ble ¢stimutu uf th¢ llm0u￿ duc 10 ib¢ cliarity. Exp¢ndltur¢ Liabilities air recogni8ed as expcndittuc os 50011 2S tliere ig 8 legal or constructive obligaliun committing the ¢haTity to Ilial ¢xpendilure, it is prob#hl¢ Ilmt a 1rnrn8fcr vf¢¢oiiDmic bcncfits will be reqiiired in setilemcnt and Ihc umviinL of the nbliyation ¢aii Ee nica5urcd relial)ly. Expenditttre is 8ccoui)t¢d for on an acciuals ba¥is aiid has bec]i claBBified uiidcr lieadin8s Iliai asgre8atL illl ¢os¢ rcl&l¢d to thc calegvry. Wh¢ro ¢o$t5 ¢annot b¢ dir¢ctly litributed to particular h¢odil￿4 they havo bcon allDcat¢d to llctiviti¢s oil u buyiy Lonsist¢nt with tlie u5¢ of rL%uw¢es. langll)le fixed A$s¢ts DL'prgciation is provided Jt tli¢ following uniiual raies in order to write offf eJLli assot over its e5timfit¢d uJ¢ful lif¢. Fr¢¢hold pL￿porty Long l¢as¢liold Fixhir¢s al￿ fittin8S Motor vehicles 2'h on COSL 2Qh on ¢ost l 011 Cost 20Vo on c05t Inve8trnont property Invesim¢nt propeily 15 5howll ai most recent valuauon. Any aggregite suTrlu$ or defj¢it Arising from cljanges in Fair value is rE¢ognisod in tile Staom¢i)t cf Fin&ncial Activities. T4xation Tlie cljarily is exempt from corwratioll tax on 11$ ¢harilable a¢tiYities, Fund Unrestricted fiinds Can be used in aword8nc¢ with tlic chai'itabl¢ obje¢tiv¢s at th¢ di$cr¢tion of the trLSt¢¢& Re3tri¢tcd funds can 0.11y be ￿ed for parti¢ular restricted purp08es within the obj¢¢tS Df tho charity- R¢8triction5 arise when spe¢ified b) the doiior or whai fiinds ait rnised forparticu]&r restricted pury)ose$. Page 13 continued... THb CHIUSTIAN COMMI]N TY TRUSTEES LI1￿￿TED NOTE THE FIf*AN STATEMENTS - continue for the ear ended 31 Deeember 2024 ACCOUNTING POLICIES- contAnued FuMd gccountlng Fudi)er explai)atioD of (he naturc aiid purpose of each fuud is included in the notes to the fiiiincial Stat￿l)e1)￿. DONATIONS AIYD LEGACIES 2024 2023 Donations L¢gu¢ies Lolle¢lions Sundry income 312,039 155,370 43.462 47,J91 331,157 67,307 38,851 36.854 558,262 474,169 OTHER TRADING ACTJVITIES 2024 2023 Book$ Rnd other sale$ Matk¢ts and Fuiidraisiiig 18,239 17,733 16,309 30,379 35.992 46,888 INVESTMENT INCOME 2024 2023 R¢nlal ineotne I￿VeStI￿¢￿I6 186,579 1,255 182,96S 1,285 187,834 184,250 Page 14 colltinue(L.. THE CHRIS ALY COMMUNITY TRUSTEE Ll TED O THE FI￿ANCIAL I'ATEME for tht ear ended 31 Deetmber 2024 - continued RAISING FUF4DS RAi9111E donat1￿￿5 and le%8cles 2024 2023 R¢ntal income costs J2,426 27.997 CIIARITABLE ACTIVITIES COSTS Siipport costs (see not¢ 7) Direct Costs Totals Ministry support 781,081 19,453 800,534 SUPPORT COSTS Goveriiaiice costs Miiii$iry siipport 19,453 NET INCOMEIIEXPENDITURE) Net Incon￿1(eXpendIthIre) is 5tRted Aft¢i' ¢hgTgin￿{Crcdlttngl'. 2024 2023 Audiiois, remun¢rntion D¢pr¢cialion- nwiied assets s￿rpLus on di5posoI of fixcd assets 15,076 127,308 16,475 214,233 1119,356) TRUSTEES, REMUNERATIOIY AND BITr4EFITS Durin8 ihe year rhr¢e pricsls (2023.. tliree) served as tnist¢es 2nd Teccived slipends foi. th¢ir role as priests, the totAI of wliich was £36,10812023.. £27,005). The priesls of the eongiEg4¢ions, in¢liidin8 thos¢ who also $¢rve a5 Ir(Islees, 8180 ttc¢iv¢ other siu>port iiicludii?E housing, u8c of a car dnd reiinbvrsem¢nt ofoiier cos15 in¢iii'red in r¢laiion to priestly dEilies. Th¢ ¢oiigregations also coiitribute tOW8rds a Pi"ic5t's Retirement Suppart Fund that thE pLie51s wlJu ￿rV¢d as tnjstees will 0150 bEnefit froin upon rotirerngjit. No Tnistees received remuneration in t]￿11 capacity as trustees. Reimbuixd travcl expe￿Se8 for the Trusl¢e5 all￿U￿red to £1.764 (2023.. £1.3311 in the fithancial year. For their roles AS priests i.h¢ following Trustees r¢c¢iv¢d.. Trustee Rev T O Ravetz Rev E Kcllci. Re¥ W BDOnStopp¢l Sttpend £12.840 £12,768 £10,500 Housiijg Benefits £5,753 £6,262 £2.907 Page 15 continued... THE CHIUSTIAN COMMUNITY TRUSTEES LIMITED TO THE FINALYCIAL STATEMENTS- continu for Éhe e2r e￿ded 31 Deeembtr 2024 io. STAFF COSTS 2024 2023 Stipends Living Expenscs 123.676 122.539 111,785 96,371 235,461 218,910 The key Inanttgemeni p¢rsonnel of the charity comprise the fflembers of Ihc council of manag¢rn¢nl of the liuslee ¢ompai)y and th¢ L¢nknr. For details of tlieir ttinuiier&tiorn pl¢a$¢ 8¢¢ ThOt¢ 9. The avwa&ie mDI?Ilily iiuinber of employee5 during tl?e year w4s as follows: 2024 2023 No employee8 ree¢iv¢d emolum¢nl8 in eX￿SS of £60,000. COMPARATIVKS FOR THE STATEMENT OF FINANCIAL ACTIVITIKS Unrestricted Restricted funds funds Total funds INCUME AYD ENDOWMENTS fROM t)onAtiDns uiid l¢ga¢i¢s 474,169 474.169 Othei. tradi￿¥ arliviti&8 Ilivcstii￿nt in¢oin¢ Oih¢r iiKorne 46.888 184,250 19,356 46,888 184.250 119,356 824,663 824,603 EXPENDITURE O Raiging lunds 27,997 27,997 Ch*rltabl• Artlvltl¢s Ministry support 931,631 931,631 Total 959,628 959,628 NET tNCOMEIIEXPENDITURE) (134,965) 1134,9651 RECONCILIATlOh' or FUNDS Total fujids brou81)¢ fmivord 8226,(K)2 8,226,002 TOTAL FUNDS CARRIED FORWAIiD 8,091,037 8,091,037 Page 16 continued... THE CHRISTIAN MM ITY TRUSTEES I,IMITED NOTES TO THb TrINAf4ciAL STATEME TS- tontinued loi. tlie ear ended 31 De¢ember 2024 TANGJBLE FIXED ASSETS Fixtures and ritlings Fr¢chold propert)- Long leasehold Motoi. veliicles Totals COST OR VALUATION At l Janiiary2024 Additions Dispo821s Reclassilicaiion 9.289.708 462,295 73,U64 9,830 64,492 5,995 19,999) 9.889.559 15,825 (9,999) {1.813.8671 (1,722.847; (91,020) At 31 December 2024 7,566,861 371,275 82.894 60,488 8.(J81.518 DKPRECIATION At l Jonuary 2024 CIILrg¢ foi. year Elimitmted on disposal Re¢lAssificationllraDsfei' 1,789,038 97,973 113.239 7.426 31,671 8,289 32,590 13,620 15,1991 1,966,538 127,308 (5,1991 1358,699) {335,032) {23,667) At 31 DeL¢inb¢r 2024 ,551,979 96,998 39,960 41,011 1,729.948 LYET BOOK VALUE Al 31 Deeemb¢r 2024 6.014.882 274,277 42,934 19.477 6.351,570 At 31 Dec¢mb¢r 2023 7,500,670 349,056 31,902 7,923,021 Cosl or valuation al 31 December 2024 is rewrsented by.. Fixlures and riltiiigs Freehold property Long leas¢hold Motor v¢hi¢l¢s Tothls ValuatlOi1 in 2024 7,566.861 371,275 82,894 60,488 8,081,518 Ineliided in cost or N'alualion of ljnd a￿j buildings i5 fteehold lond of £50,576 {2023 £50,57é) wliich is not depreciated. Page 17 conlinu¢d... THE CHRJsfIAN COMMUNITY TRUSTEE LIiVIITED OTES TO THE FINANCIAL ENTS- conllnlled or the ear ended 31 Deeembor 2024 13. INVESTMENT PROPERTY FAIRVALUE Revaluation R¢¢la8sifioaLion 858,832 1,4S5,168 At 31 D¢¢¢niber 2024 2,314,000 NET BOOK VALUE AI 31 D¥L¢inber 2024 2.314.000 At 31 December 2023 Fair vAlu¢ at 31 De¢cmb¢r 2024 is represented by: Valuation in 2024 2.314.000 14. DEBTORS.. AMOUNTS FALLING DUK wfTHIN ONK YEAR 2024 2023 GiftAid OtlicL' Dchi()rs Lcmacy D¢btors Prepaym¢nls accrued iiicome 14.818 13,040 l&.061 7Y,499 67,567 222,405 95,425 Included in Otb¢r Dclmors is d loan to Chri5tÉan Conmiui)ity Ireland foi. £4,800, repayable in n)oro thali ortt year. ClikDITORS: AMouf4TS FALLING DUE WITItIN ONIQ YEAR Is. 2024 2023 Trode creditors LoJns International Foundation Loans Tyncliome'I'wsi Stroiid building108n8 BdinbuJBh Chapcl lffjans B175tol conbiregation Stroud fuiiei'il Accnied expeii$e5 7,328 41,652 7.1113 184,035 50,000 7,000 54,500 13,803 3.096 41,652 313,420 50,000 46,500 43.777 366.131 534,508 All of th¥ above lopns llre unyeciired and have inter¢5t rates varying between 00/0 to 2.75%. The loans &r¢ all from private individuals, oiher churchcs, oi. oiher pEI'li¢s connecl¢d with tlic Chrislian CDiiimunity worldwide. TIIB 104Lns 1)8v¢ been mad¢ on tlic basi5 t[￿1 they can bc rccall¢d with llolice periods varying from I nionth ￿ 6 months. Page 18 contiiiued... THE CHRISTIAN COMMUNITY TRUSTEES LIt￿TED NUI'L ro'iHL bif*ALYCIAL STATEMCTrITS- continued for the e￿ded 31 Deeember 2024 MOVEMENT IF4 FUNDS Net niovement iii fundg Transfers belwe¢n funds At 31.12.24 Atl.1.24 Unrestrleted fundg Gen￿"al fvnd Coiiwegaiional funds Priest retlTeinen¢ support fund 7,823.632 222,756 664,918 182,878 83.944 (127.361) 8.572.494 278,273 44,649 (39.8361 43.417 48,230 8,091,037 807.960 8,898,997 TOTAL FUNDS 8,091,037 807,960 8,¥98,91)7 Net moveinent in furlds, included in th¢ above &re as follows., Incoming i'esoui'ces Re.sources expcnded Gains and I0￿e5 Movenient in lunds UttYo$trlct¢d fynds Gcii¢ral fLind CunbY¢¥ational funds Pric5t re(ireinenl support Aind 137,153 592,110 (331,0671 (409,2321 858,832 664,918 182.878 52,825 192,661) {39,8361 782.088 (832,960) 858,832 807,960 TOTAL fiUNDS 782,088 (832,9601 858,832 807,960 Compxrntlvo¥ for movoment In funds Net movein¢nt iii funds Trunsfers b¢lwe¢n funds Al 31.12.23 At 1.1.23 Uhrestrided fuNIs Gcncral fund CongrewJtioiial thnds Pri¢st retirem¢ilt support fund 7,938,195 253,350 (291,493) 149.675 176,930 (180,2691 7,823,632 222,756 34,457 6.853 3,339 44,C>49 8,226.002 {134,965) 8,091,037 TOTAL FUTr4DS 8.226.002 (134,965) 8.091.037 Page 19 continued... THE CHRISTIAN COMMUNI'IY TRUSTEKS LIMITED NOTES THE FINANCJAL STATE TS- continued ear ended 31 December 2024 MOVEMENT IN FUNDS- Comparativc net movement in fund5. in¢liidEd in the above 4re ￿ follow5-. liieoming resour¢¢s Re$oiir¢es expended Movement ii) fllnds UMrestric¢¢d funds General fund CongrEgationo1 ful￿5 Pri¢st r¢tirci)ieJil suppoi'l fvnd 191,986 579.795 (483,4791 (430.120) (291,4931 149,675 52,882 146,0291 6,853 824.663 1959.628) {134.965} TOTAL FUNDS 824.663 (959.6281 1134,9C?5) Restrldod funds di Repr¢scnts fijnds ruFsed towards the c08ts of ODfaiiiing plannlng peni)issiort forthe Edlnbursh congiygalioi) to bulld & liow cli&p¢l and Loniinuniiy liall. Do$l%natod fund Coii - ￿l￿At1￿￿￿ul1dS To i'¢¢eive in¥oiiw fi'oin Mernbtrs and fri¢nds. Th¢8e or¢ u￿d lor oll l>Tres of cowo8ational ¢xp¢]￿LiUr¢'. ehur¢h, mainlciiaiice ond dcveloi?m¢nL pri¢sis' livinB allowatice, utililio8. pri¢$is' travel. hiid coniributions lo ¢ciilral Bdii)iiiistl'alion. Tli¢ ¢losin8 balonce, plus the 'Slroiid Funeral fund" blll&n¢¢, mr¢ldi¢$ c￿¥11 li¢ld by ¢on8r¢8Qtion8 Sn their s¢pai'ate bAttk *c¢ounts. To piY>vid¢ fiiiancial support lo retired prie5t5, 28 required. amd lo lldiniiiistr&iors 85 ideiilified by tl* Council of ManugEment. TransfoiE iYpi¢s¢nt amounts trawfe￿cd into thc fund from ¢onBre￿at1Onal fwid5. RELATKD PARTY DISCLOSURES 17. On¢ ItU5tee, Rev T Ruv¢lz is also 4 dllrclor of TIK Christian Coniiillinily in London Liinited. Durin8 tlie year, The Christian Coinmunity Trustees Li￿lIted received donattons of £9,616 fl'orn the Clirisiian Cominiinity iii I￿77d0n Limit¢d. As at 31 D￿¢￿￿er 2024 £0 was ow¢d lo The Christiin Coinmuntty Truslcc5 Ltmited ( CCYJD 2023.. £350). Rev T Rav¢lz is also a trustec For Chriltian Community in IrEland. During th¢ year The Chri51ian Coi)miiinity T￿ste¥s Limited mad¢ a loan of £4,800 to Thc Christittn Community in Ir61gnd. Tlie loaii 18 inter¢st firc at)d repayable in Inorc tii&n one yethr. In May 2023 CJD Ma¢l¢an. a trustee, mad¢ a loan of £50,000 to the cliai'iltlble ttU5t. The loan is unsecured, for t¢iYt] of two y¢uré llnd with int¢r¢$t chor8cd al 20/) P¢T 8]mum. Th¢ bila]]ce oulsiandiiig at 31 Dec¢mb¢r 2D24 wa8 £50,000. Page 20 contiiiu¢d... THE HRISTIAN COMMUNI'fy TRUSTEES LIMITED NUTES TO THE FINANCIAL STATEMENT for the ear ended ember 2024 ued 17. RELATED PARTh"DISCLOSURES- continued The Tynehome TnLSI 5h&res one trustee. Rev E Kell¢r. in ¢OmTnon with The Christiaii Commiiniry Tn)stee8 Limited. AS at 31 Dcceinber 2024, a total of £7,813 ( -CGB 2023.. £36.063) in int¢re8t frec loans wei'e due ro the TynclLon)e Trust fi￿￿ various con8regaÈboll?& uf The Clirist14n Cominunily I n]stees Limited. The Cluistign Community {IiiteniatiTrnal} 51iares one twstee, CJD Ma¢l¢aii, in cvtnmon with Tli¢ Clii'istian Community Ti'ustees Liii)Lted. Diir'.ng 2024 £62,760 {CCGB 2023 £76.9581 uf (Icnations w¢re made to Tlie Christian Commuiiity Ilnlematioiial) of which £0 (CCOB 2023 £29.2001 reiniined unpaid bs of 31 Decembffl. 2024. Page21 continued... THE HIUSTIAN COMMUNITY'I'RUSTEES LIMITED OTES TO THE FINANCIAL STATEMENT tor the ear ended31 D cember 2024 eont 18. DETAILED LIST OF PROPERTIES Froohold Prop¢rty- net book values 2024 2023 Chiirch, 8 Sp8deMill Road 36 D¢csid¢ C-.ardens 175,990 266,007 266,007 Bvistol 20 St Jut)ns rtoad, Clillon 664,167 664,167 Biickfastlergh 23 Chapel Street 187,550 187,550 Canterbury New eliiirclL 57 Wii)clieap 382,377 392,305 EdiJibLwgh 21 Napier Royd 16 load 10,298 221,334 10.579 221,334 For¢st Row CIIuJLh und Chop¢l of R&8r, Hartfi¢ld Road I l Ui)pcr Close Robins bhyll, Hai'iflold Road 353,071 292,160 568,874 292,160 Holywood 3 Si¢warts Place 139.S75 139,575 Ilke51on Molin Hous¢, Si Mary Slreot 145,871 150.039 Kingg Lan8l¢y L4nd adjttceni to Tho Priory 3,523 3,523 Stourbridge Cbw'eli, 22 Baylic 8trcet Hous¢, 22 Bavlic Sireet 110,072 31,662 113,217 32,560 Slroud Strvud Lodgeinore l&i(110 South of Cllincross Road Church and rL%idciice 73 Cdincivsg Ko 47,053 47,053 Lehsehold Property 2024 2023 Forest Rpw 2 Stoiieliouie .-la15, Hnrifiold Road 3 Stonehoiise lat4 Harifield Road 57,830 55,419 59.482 56,840 Stourbridge 21 Spieer Lodae. Enville Street Inv¢5tment Proporty 2024 2023 Briytol Stmiid Rgpha¢l Housr, J Hi115ide 3 Lodgemore Close 1,114.000 382,OOQ Canterbury Siourbridge 55 IVincI￿aP 34& Wc51 Sireot 289,000 415,000 Stroud Flat 2. Whittington House 114000 Page 22 THE cH￿s fiAN COMMUNITY TRUSTEES LIMITED DETAILED STATEMENT OF FIN AL ACTIVITIEI S ear ended 31 December 2024 2024 2023 INCOME AND F.NDOWMENTS Donatlons #nd ItgAcles Donalions Lebracie$ Collections Sundry 312,039 155.370 43,462 47.391 331,157 67,307 38,851 36,854 S58,262 474.169 Other IrAdinE aetlvltlos Book5 and otlier sales Markets aiid Fundraising 18,259 17,733 16.309 30.579 35,992 46,888 Investment Income R¢ntal iiieoin¢ Inv08tments 186,579 1,255 182,965 1,285 187,834 184.250 Oth¢r Income Goi17 on sale oftAn8ibl¢ fixed assels 119,356 Total Ineomlng resources 782,088 824,663 EXPENDITURE Rfjl¥Sng don#tlort$ aAd Icgacles R¢nt81 incom¢ wsts 32,426 27,997 Chxrltablo Actlvltlos Stipends Llving eKpenses IL8ur4nee Liglit and heat D￿)atIOnS #nd coniribulions co1￿MUnItY adiiuiii$irutioi) Coinmunily tThv¢l R¢tirciMcnl expeiises Othei. coiwr¢gatSOll Costs Propcily i'epairs Ca￿led forward 123,676 122,539 96,371 26,510 30,323 56,112 20,555 24,349 46,029 82,360 147,821 652,969 22,085 35,222 62.760 28,041 34,489 63,501 58,208 80,903 620,670 This puge does not form part of the statutory financial siatemenls Page 23 THE CHRTSTIAN COLVIMUNITY TRUSTEES LIMITED DETAILED STATEMENT OF FINAN for the I, ACTI d 31 Deeember 2024 IriLs tar en 2024 2023 Charitablo activi*ieB Brotight forward Training Rooks ai)d joiirnals costs Youih ti'ips atid cainps Bank eliarg¢s Loan iiitercst pfjy&bl¢ For¢igiJ LxchAnge (gllinyloss Freeliold propei%y Long l¢aseliold Fixtur￿ fiitiiigs Motur vel)i¢l¢s 620,670 7,528 3,037 27,617 571 1,850 {7.4991 97,973 7.426 8,289 13.619 652,969 4,909 4,015 39.043 1,651 .983 (¥,317) 184,783 9,246 7,306 12,¥98 781,081 910.480 Suppor¢ cojts Goverugntè costs Auditor.8' reii)iin¢raiion Legal dnd prof¢5SiOt)al foe$ 15,076 4,377 16.475 4,670 19,453 21,145 Total resources exp¢nded 832.960 959,628 Nct oxpendlture bofore gilll$ 4nd10$g¢1 150,872) (134,9651 R¢a115ed retijgnlied gAlni 4nd lo%ses {Guin8)Iloss¢s oil iivaluation ot inves¢mcni properties 858,832 Jet Incomtllixp¢ndlture) 807,960 (134,9651 This page does Jjot form par¢ of the slgtutory FAn81)¢ial st&tements Page 24