REGISTERED CHARITY NUMBER: 222416 REPORT OF THE TRUSTEES AND FIIIANCIAL STATEMENTS FOR THE YEAR ENtED 31 DECBABER 2024 CHRisfADELPTrIAN BENEVOLENT FUND
CHRISTADELPHIAN 8ENEV<XENT FL COMTENTS OF THe FINANCIAL STATEMENTS FOR THE YEAR EIKIED 31 DECEMBER 2024 1 to 3 Ind•p•nd•nt Examln•ts R•port B•lane• Sh••t 7 to 12 Dtrtsilod Stat•m•nt of financiil Adi¥ifj•s 13
CHWSTADELPHIAN BEIIEVOLENT FUND REPORT OF THE TRiISTEES FOR THE YEAR ENDED 31 DecEIABER 2024 The Iruslees wesenl their rewt with Ihe fnanu staements of the cbarity fof thè year ended 31 Dec8rnber 2¢y24. The tru51ees haNp •Yopted th8 probryS of AtLting )d Rep)rtiTr3 by Charilies: Statemenl of Recommend•J Pradice aFvlcable to thiiies ppry Ihw"r a¢(J)unts in acrdanCe wrfh the Finala1 Rewrfing Stand¥d Ihe UK Repubhc of keknj IFRS 102) {èffethe 1 January 2019}. OWECMVES AND ACTMTIES ObJeVe9 and aln The trust wa$ 85tatAished to rthve TrtiOns of need. hwdship or distress in thg Christsdelphian comnwnty. Th8 awns of In are to grats. These aims enab trust to fuffil its objeclwes year. being lo those menkn of Ihe Christadhon c4Jrnmunity who we experwing thfkuti time5. The Charity's slfategy is to use the n8hYort of thistsdelphpn e9Jea$ lo make ts kncwn to mombers of Ihe Christadelphian The ec4ecias il reler rNIdUal cases lo thè tharrty aNI provide updales 80 that can assess )W SUCCsfi il has been in fuffdiThJ ts awns. The artIs Prole durng perk)d are the means by which Ihechaiity athieNEs its aTrJ (tpdr•W. Publk b•n•fflt During Ihe yeaf the trust fulfd ils public bonefft awns ty maint•ning Is regular grant making and has also made compassJnate grants lo These we made to rrwnbets of thè ChKIStadeh1an community. ffmbersl¥p ofwl 15 coen to t4ptiwn Clwigtsdevman mmity. then planning gTrt m¥king ky Ihe . ts Trle•S cg)nsidued the Cwmission's guJaTr ¢Jn publtG ber So¢lal Inv•stmet The tharrty no longer pmMd8s new iknst free lo Grdntrnaklng The tmsl has a pjky of Mak1 regul¥ grants. In it rnakes eompaswnale granls to in¢Jiwduals on the basis of prtat•3ns madg by the ecd of which thos8 •TrJb¥iduaL% are membw4. These grants are made to assist mem9 of tho christ• Communty h) Ine with Ihe tharitY$ obiecaives and aims. Voluntr¢lS The trustees are grateM tr the made by %whJnteets in as%sthry the trust lo wy rArt ts thrti&s. Because of th8 In quant'n9 •C)rn to the ntee1$. bme their contribLrtitin has not b ACHIEVEMENT AND PERFORMAIKE Charitsbt• activiti The tru51ee5 are pleased to report that fv chity ab to c(rfknue its mry ryant rnaking adi¥it during Ihe year bolh in the sPope of rewkr grants fjjmpassionate grants m to indniiduaL8. In (loing so Ihe ch8Yity has achieved the objedives set as gants made to members of the CMsladelplNan commuThty, membership ofwhKh to al baptign i)to the CI%je1)h (¥Jmmunity. FINANCIAL REVIEW Flnancial position The rEt doffi¢)t for the year rnnted to £14.758 the lurnl bal carried forward * 31 Decmbèr 2024 is £2.943,798. Grants made by the charity were * an incxèased knel ¢aled lo prior years. The reflects Ihe in¢yease in overal cost of Imng as more unJent h was needed as V•Ell as an 1ThSe in need for the use of Tespitg care due lo an popul*ffi. Page 1
CHRISTADELPHIAN BENEVOLENT FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEIIBER2024 FINANCIAL REVIEW Inv•#1 policy and obJ•clfft• In ¥ilh the tsusl deed. the Iw$¢ees halt Fwer lo itwest n gjch stocks. $hares, w)V8Stmerts aNI propety in ts UK as fvy see fiL The trustees. in Cons1)n wih the instn athsors. R¢1 pollcy induded an assessnnt of the probable ftlure lebEls of icome xl expendilure Ihe slze aNI natwe of th& reserves. The re that rt was likdy tst Ihere be grer dem)ds on the charly in the ful and that thè size of the reseThes would enable thè to meet these e on the ¢arity. TP have aso (>Jntinu•J to tm¥•Je pubkn mY#J lo ner$ ¢S ts Chri$tadeWn ClmUnty. Tho trusl is an trusL a Intst deed dated 14 Octhr 1952, rs RegiSter8d Charity number 222416. The trustees durEng the are sfK•wn bekw. Thè tiustees ¥e apprAnted by the Board of Trustees. The trustees Meetir wartaty. where thèy agree the irusfs overall strategy and arga$ of Th8 day-lw adminis1r8n oltyanls * Is wi&J by Ihe Treasurer and the Seuetary. also lnfrxmatn published by the ChwAy on the rOspSlItoS crftru$1. those risks. REFERENCE AND ADMW4STrATIVE DEfALS R•gl•t•ff clity Nmber 222416 Prlnclpal addff•s• Westhaven House Solknull West Midlands 4LH D P Ensell (resvJned 2Y4r24) JM&er R Miles {resigned 4r24> E Bril&y P Brc¥))ag R D8edman (Assistant s•J8lary) M Halstead Isecrgtsry) D Leiréter [eaS[l G M NKholls {apF<)irted 2&14r24) F R rftsker (aPrteA 2W24) P¥Je 2
CHRISTADELPHIAN BENEVOLENT FUND REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 DECWER 2024 REFERENCE AND ACIIIIIISTRATIVE OAL8 Independenl Examiner Vman Shadtrfjtt FCA Prime Chartered Accojntants 161 Newhall St1 Bimiingham B3 1SW SollcitoTr Shake4)èare MaTne LLP No. 1 cc4m8 Swe 8imingham Ralhbjne Investrne Managwn 8 Finsbury Circus LoThJon EC2M 7h2 Bankern Caf Bank Lttj 25 ng$ Hill Av•we West Malling Kenl ME19 4JQ LeeSter LE87 28B Road BS15AS 01h)5r2025 Apwoved by ordw of Ihe bod oftrustees on................... . J sp3nwJ its behall ty. 10,1 / , -b- M D Lelnstgr- Twstee P4e3
INDEpeiKIENT EXMINER% REPORT TOnE TRlIs OF CHRISTADELPHIAN BENEVOLEMT FL I report lo the d)arity Iwslees on my examinabth) CA tho of chriadelphI BeneNulent Fund {the Trust) lof Ihe ye ended 31 Decurtv 2024. RMponslblatl•s and basiB of rnport the reqwemenls ofthe Charits Ad 2011 Ctspd). I report in resped of my eXaMinab ol the Tr$ carried oul under Se(on 145 d tho Act and In Secllon 145(5Xb) ofthe Ad. Since yr tharitys gross n¢>Jme exceeded £29),IX(l yow examiner nyjst be a mwnbar of a listad body. I tan Ihat l an to uThkrtake Ihe examabcffl becwsg I a nwrtigr of thg lnsb.tthe of Charl8red Aco)urrtts in EnglaThl •xl Was. is(w dthe $. aLxounting rec¥yds Tfft Th)t keFI in respeLI ofthe T1 as sects ofthe Art. or the a¢Lnts do not wth the 4plbJble rewirpmerts (y)rKeming ihe form and content of acLxJunts set in c11 (A£¢ts ReF#Jts} Regulatic¥s 2008 other than r8qunm8nt that the £¥Unts aThJ fa Tr)t a mattw [$181¢d as part of w de[ent examination. I ha no C¢$ and have cL¥ne rn no other malt¥s n ccmnectx)n with the examinatitin to wh attention dmvn in this r8F4)rt ffi der to enAe a prtyr undernlandN ot the acUnts lo be Vfyian Shadit FCA ime Ch*tered Atsxjurtants 161 Newhall SI{ Bimiingham 831SW Date.. P•J8 4
CHRISTADELPHL4N BENEVOLENT FUND STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR EIIDEO 31 DECEMBER 2024 2024 Tolal nd• 2023 Totsl nds Reskncted INCOME AND ENDOWMENTS FROM Donan$ iegacs 321,1)67 321,057 254.362 Investrnent income M521 81,282 Totsl 405.578 335.Q4 EXPENDITURE OM Raising fvrKIs 13A12 13812 12,447 Charftabk a¢dvltr# Gwt5 432285 350071 Olhgr {637 4.987 Tolal Nel g#insl(h)ssesl WNesinnts 1147S81 (147681 85,969 NET IIKOPAEIIEXPENDITURE) 159J14) 159.5141 53.288 RECONCIUATION OF FUNDS Tot* fvTrJs biougm forward 2J39J28 63J84 3.001312 2.950.024 TOTAL FUNDS CARRIED FOIIWARD Ifj•OA14 63.384 2W798 3.C03.312 Page 5
CHRISTADELF¥HIAN BENEVOLENT FUND BALANCE SHEEr 31 DECEMBER 2024 2024 ReSIed Toll d5 lund• 2023 Totsl funds fund In¥esTrnts 10 2.719I41 1711841 2,832.313 CURRENT ASSETS Debtors Cash at bank 11 3J74 160.059 63•4 223.443 367,787 161933 63J 227.317 374.179 CREDIT¢)RS Amounts fallin9 due year 12 J601 13J601 {3,180} NET CURRENT ASSErs 160 $1384 223,9S7 370.999 TOTAL ASSETS LESS CURRENT LIA8LITIES 1810814 1943,798 3.W3212 188OA14 63.314 2.MJ.798 3,CQ3,312 FUNDS nreStrad ReslrKled funJs 13 2,939,928 63,384 63.384 TOTAL FUNDS 1943,798 3.fMJ3,312 The ffinaK4a stm8nts ww• opwv•J by the Bowd of Tn*es athortsed frA issue on Q11.Q5TIQ25........... and wern spjned th) its Wby. MJ/:-L- Page 6
CHRISTADELPHIAN BENEVOLENT FUND NOTES TO THE FINANCIAL STATEIAENTS FOR THE YeAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Bas of prnpathg the flnanclal The finan¢r41 staternents of the chwity, whK is a wt4i¢ benefft W unLr FRS 102, have been prepared in &X)rdan with the ch3wib.es SORP IFRS 102) 'A(x¥xJnting aThJ Reporting by Charllie$.' Statement of Rernnded Prace allE to Charities wewdring Iheir 0ntS in wxjtdan wNh Financaa Reporting Standard wIable UK arKI Repubk of Ireland IFRS 102} (effecti 1 January 2019)., Firwmial R8IMyiwig 11r2 The FinwKiJl Rgporfig Standard applicable in the UK Republ of Ivart and Chath'es Ad 2011. The fnanrjal statements ha been prepared under the histIcal cost with the exc¥KJi of inveslrwts are induded al markel valuè, as by Ihe revahmkn ofwtswi assets. Inrn• All income is re1$ed in Ihe Slment of Finanrial AdrIe5 once Chaiity has enmemert to the fijndy. it is prOtsab thal Ihe iorne wi4 be receNed aThJ the wunt wi be measured reliably. Expenditurn Liabe$ are re03¥sed as eX[¥Te as SO as Ihere rs a or <xfflstnxti¥e obl#Jabc nmitilng the Ch¥ly lo that exFervJiture. il is that a trar of ecormynic beneffits wll bg requir in Set11OnI and the amunt of obkgalw can te measured reliably. Expenditure is £ounled for on an a(xrual$ bosi5 and has been G4aSSed uThler headings that agg9#1 all o)st rel8te¢J to the calegory. Where u)sts cannol te 8llribuled to pati131 he•lings Ihey have boen Gmls Offe subpd to rmJkn¢J)s whth habE fvjl been met al the year end date are noted as a Governance ¢ots with wulation and gocJ p¢. Tlw ¢))sts St$ relknj to dnnt exanNnation and thr sunthy expeThJitiTr. Taxatlon lffecovwaUe VAT is 19811 lo fv faknml ofexpwdiure ilwas iKAwred. Tax recovered from v(Aimtary inc4Jme recfftd under grfl is rec0jn8d. wPre malerial. whw th? related inwme 15 recelv8ble and is akded to the categcry to the ¥)¢x)me relates. Fund ¥ceountlry UnfestfKted can t¢ ed in wdan wih the chariable at ts d1sueti of thè Flxed asset invo¥bnents Investnts are a ol basK irkstrumwtt aTrJ e Tg¢ogTh5ed at they tran5adion value and subsequerfy measured at their lar as * the balarth shgel dale usiig the Clng qwted martet pw. The stalemert of financial adiwls i1d the net gains and10sges arisiThJ on rovaluabon arKI <lisros thrhJ1 the yw. Volunt•grn Because of Ihe di111$ quant*ry eDJnomi lo the ¥okJrtegrs tine the has t been uiduded in ts slatement offfftanraa a. Page 7 C4Mb'nued...
CHRISTADELPML4N BE14EVOLENT FUND NOTES TO THE FINANCIAL STATEMENfS.corthM FOR THE YEAR EMDED 31 DECEMBER 2024 DONATIONS AMO LEGACIES 2024 2023 713 17.102 141,S37 56.023 Gift Aj LeaeS 202.663 3?151 2024 2023 69.386 14135 66,168 15,094 Inleresi Cash Deposrts 81.262 RAISING FUI 2024 2023 13A12 12.447 Grant funding of {see note 6) 43228S ¢3RANTS PAYABLE 4386 350,871 P•3e 8
CHRISTADELPHIAN BENEVOLENT FUNO NOTES TO THE FINANCIAL STATEMENTS. ¢ortlnued FOR THE YEAR ENDED 31 DECEMBER 2024 GRANTS PAYABLE. conUNd The total grants pah110 tsthithjals duiwry was as fokn¥s.' 2024 21723 Annu81 FKJliday sle 'ble Sthc¥Jl. Christ&Je¥)li Christmas bourty Fuel aid Individual grants Irani refvfje8s Residentia Ca Respite Care Urgenl help sch•J8 7.076 12,609 {419 65,726 18J53 13.177 7SN85 199,730 14mD 21h20 10,70) 15.954 4.199 59.076 15.875 15.143 77.456 128,425 24.043 432.285 350.871 SUPPORT COSTS Govemance Olher resources exp* 4,637 Sw)pcrfl Lwsts. induded li Ihe abm. we as fi)kns: 2023 Total gXFern1ed aclNities Sundit8S Independent ewmna 1377 3.360 703 4.63T 4M63 OTHER 2024 Bad d8bl SupFrfJ1 costs 924 637 4.637 4.987 Page 9 contin...
CHRISTADELPHIAN BENEVCLENT FUMD FOR THE YEAR ENDED 31 DECEMBER 2024 There were no tru5tees' leneral lx ¢)thw tsgrnfts frx ts swr 31 Decethr 2024 nor for year ended 31 Dec4fflb8r2¢f23. se tntste8s (2023: 2) haw e>¥nses dwmig Ihe year Idallkng £617 (223.. £4521. 10. FIXED ASSET IIWESTMENTS Listed Ivestmènts MARKET VALLE At 1 Janu 2UL4 AihJth¢J Dtspos Revalua11$ 2m2,313 685,3fA 1423.793 174.043 Al 31 De¢eTthr 2024 2.719A41 NET B¢)OK VALUE At 31 Deth2o24 2,719.841 At 31 Decem2023 2.632,313 2024 2023 UK Inwstrnents 1,82SW 1.635,758 893J96 996,5SS 1719W1 2.632.313 Therp arelD at Ihe balance sh8et dae exr•J 5% ofthe mart8t Yalu8. Brown SOry FLvvJs. 6.4% (2023: 5.4%) Frankthn TemF481(M- 52% (2Q3: 4.7%) Valuation in 2024 74.043 2045,798 2,719,041 Pwje 10 uod...
cHR1STADELPHN BENEVOLENT FUND MOTES TO THE FINANCIAL STATEMENTS. ¢onlinu•d FOR THE YEAR ENDED 31 DECEMBER 2024 11. DEBTORS: AMOUNTS FALUNG I)UE WITHIN ONE YEAR 2024 2023 IoMe Tax del 2,S79 3.874 6.392 12. CREDITORS: AAIOUNTS FALLING DUE V•lTHIN ONE YEAR 2024 2023 1360 3,180 13. hKWEhlENT IN FUNDS Net nJ)vement kn ndS At 31.12.24 At1.124 Unrestrict•d fun Gener fwd 1939,928 15914) 1810.414 Restricted lund¥ Ring fenc£d donaiK¥n TOTAL FUNDS 3m3,312 159,5141 2.943.798 Net mobement in funds. inchjded w) ts al0 *e as Inmyj Resources Gains and Movement UnWtrIcI?d fund¥ Ge[al 405m {450J341 114,758) (S914) TOTAL FUNDS 405.sn 1450,3341 114758) 169.514) Page11 nimued...
CHRISTADELPHIAN BENEVOLENT FUND NOTES TO THE FIIIANCIAL STATBAEiifs. conllnu•d FOR THE YEAR ENDED 31 DECEA18ER 2024 11 IAOVEMENT IM FUNDS-eorthMd At 31.12.23 A11.123 fiThl 2086.640 53.288 2,939.928 Re8trlctsd fvNIs Ring fencgj dall)n TOTAL FUNDS 2,950.024 $3,288 3,C¥)3,312 ItvxNYw Reswrc8s G$ and Movemenl expended in fuMIs Unrnstrict•d fd Gerral fund 335.624 {388.) 85.989 53.288 TOTAL FUNDS 335.24 1368,305) 85.969 These relate to funds Ihat the TnLies ha4e ten as1 to r the t*neft of a member Page 12
CHRISTADELPHIAN BENEVOLENT FUND DETAILED STATEMEiif OF FINANaAL ACTivmES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AM) END(IWMEiirs IYonatlon8 and leg•cl•* Ecdesial donations Other L)onalK¥ns Grft A¥J Legaaes 98,713 17.102 141.537 56.023 50.958 321.057 254.362 Invthnt income Oiwdends on quoted invostment Interest on Cash Deposts 69,386 15,136 66,168 15,094 84.521 81262 Total Incomlng iesour¢ 404S78 335.624 EXPENDITURE In¥¢strnent managem•nt costs Portfdio management 13h12 12,447 Charltabl• aetl¥lfj•s Grants to indmduals 432285 350.871 Badd 924 Supportco•ts Sund$ Independent exwThnatKJn 1,277 3,360 703 4.637 4,063 Totsl resources Per1 460.334 368.305 Net exP•dre boforn galns and 1447561 (32,681) Reall$ed r•¢ogniwl yin$ and losv¥ Realised gainslOo&8es) on asset investmerts 59,285 15.514 Nel Incom{0X1Tr) 14,$29 (17,1671 Page 13