REGISTERED CHARITY NUMBER: 222416 REPORT OF THE TRUSTEES AND FIIIANCIAL STATEMENTS FOR THE YEAR ENtED 31 DECBABER 2024 CHRisfADELPTrIAN BENEVOLENT FUND CHRISTADELPHIAN 8ENEVJntinu•J to tm¥•Je pubkn* m*Y#J lo ￿n￿er$ ¢S ts Chri$tadeWn Cl￿mUnty. Tho trusl is an trusL a Intst deed dated 14 Oc*thr 1952, rs RegiSter8d Charity number 222416. The trustees durEng the ￿ are sfK•wn bekw. Thè tiustees ¥e apprAnted by the Board of Trustees. The trustees ￿ Meetir￿ wartaty. where thèy agree the irusfs overall strategy and arga$ of Th8 day-lw adminis1r8￿n oltyanls * Is wi&J by Ihe Treasurer and the Seuetary. also lnfrxmat￿n published by the ChwAy on the rOsp￿S￿lIt￿oS crftru$1￿. those risks. REFERENCE AND ADMW4STrATIVE DEfALS R•gl•t•ff￿ c￿lity Nmber 222416 Prlnclpal addff•s• Westhaven House Solknull West Midlands 4LH D P Ensell (resvJned 2Y4r24) JM&￿er R Miles {resigned ￿4r24> E Bril&y P Brc¥))ag R D8edman (Assistant s•J8lary) M Halstead Isecrgtsry) D Leiréter ￿[eaS[￿l G M NKholls {apF<)irted 2&14r24) F R ￿rftsker (aPr*￿teA 2W24) P¥Je 2 CHRISTADELPHIAN BENEVOLENT FUND REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 DECWER 2024 REFERENCE AND ACIIIIIISTRATIVE O￿AL8 Independenl Examiner Vman Shadtrfjtt FCA Prime Chartered Accojntants 161 Newhall St￿1 Bimiingham B3 1SW SollcitoTr Shake4)èare MaT￿ne￿ LLP No. 1 cc4m￿8 Sw*e 8imingham Ralhbjne Investrne￿ Managwn 8 Finsbury Circus LoThJon EC2M 7h2 Bankern Caf Bank Lttj 25 ￿ng$ Hill Av•we West Malling Kenl ME19 4JQ Le￿eSter LE87 28B Road BS15AS 01h)5r2025 Apwoved by ordw of Ihe bo*d 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 chri*adelphI￿ BeneNulent Fund {the Trust) lof Ihe ye* ended 31 Decurtv 2024. RMponslblatl•s and basiB of rnport the reqwemenls ofthe Charit*s 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 y￿r 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)urrt*ts in EnglaThl •xl Wa*s. is(w dthe ￿$. aLxounting rec¥yds T*fft Th)t keFI in respeLI ofthe T￿￿1 as sects￿ ofthe Art. or the a¢L￿nts do not wth the 4plbJble rewirpmerts (y)rKeming ihe form and content of acLxJunts set in c￿11￿ (A£¢￿￿ts ReF#Jts} Regulatic¥s 2008 other than ￿ r8qunm8nt that the ￿£¥Unts aThJ fa￿ Tr)t a mattw [￿￿$￿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 en*Ae a prtyr undernlandN￿ ot the ac￿Unts lo be Vfyian Shadi￿t 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 Dona￿n$ iegac*s 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 WNesin*nts 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 ReSI￿￿ed Tol*l 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 $1384 223,9S7 370.999 TOTAL ASSETS LESS CURRENT LIA8LITIES 1810814 1943,798 3.W3212 188OA14 63.314 2.MJ.798 3,CQ3,312 FUNDS nreStr￿ad ReslrKled fun*Js 13 2,939,928 63,384 63.384 TOTAL FUNDS 1943,798 3.fMJ3,312 The ffinaK4a st*m8nts ww• opwv•J by the Bowd of Tn**es athortsed frA issue on Q11.Q5TIQ25........... and wern spjned th) its Wby. MJ/:-L- Page 6 CHRISTADELPHIAN BENEVOLENT FUND NOTES TO THE FINANCIAL STATEIAENTS FOR THE YeAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Bas￿ of prnpathg the flnanclal The finan¢r41 staternents of the chwity, whK* is a wt4i¢ benefft W unL*r FRS 102, have been prepared in &X)rdan￿ with the ch3wib.es SORP IFRS 102) 'A(x¥xJnting aThJ Reporting by Charllie$.' Statement of Re￿rn￿nded Prac*e a￿l￿￿lE to Charities wewdring Iheir ￿0￿ntS in wxjtdan wNh ￿ Financaa Reporting Standard wI￿able UK arKI Repubk of Ireland IFRS 102} (effecti￿ 1 January 2019)., Firwmial R8IMyiwig 11r2 The FinwKiJl Rgporf*ig Standard applicable in the UK ￿ Republ￿ of I￿vart￿ and ￿ Chath'es Ad 2011. The fnanrjal statements ha been prepared under the hist￿Ical cost with the exc¥KJi of inveslrwts are induded al markel valuè, as by Ihe revahmkn ofwtswi assets. In￿rn• All income is re￿￿1$ed in Ihe Sl*ment of Finanrial AdrI￿e5 once Chaiity has enmemert to the fijndy. it is prOtsab￿ thal Ihe i￿orne wi4 be receNed aThJ the w￿unt wi be measured reliably. Expenditurn Liab￿￿e$ are re03￿¥sed as eX[￿¥￿Te as SO￿ as Ihere rs a or ¥*nses dwmig Ihe year Idallkng £617 (2￿23.. £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 D￿eth2o24 2,719.841 At 31 Decem￿2023 2.632,313 2024 2023 UK Inwstrnents 1,82SW 1.635,758 893J96 996,5SS 1719W1 2.632.313 Therp arel*D 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... cHR1STADELPH￿N 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 I￿oMe 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 1939,928 159*14) 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 al￿0 *e as In￿m￿yj Resources Gains and Movement UnW￿trIcI?d fund¥ Ge￿[al 405m {450J341 114,758) (S9￿14) 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-eorthM*d At 31.12.23 A11.123 fiThl 2086.640 53.288 2,939.928 Re8trlctsd fvNIs Ring fencgj d￿all)n TOTAL FUNDS 2,950.024 $3,288 3,C¥)3,312 ItvxNYw Reswrc8s G￿$ and Movemenl expended in fuMIs Unrnstrict•d f￿d Ger*ral fund 335.624 {388.￿￿) 85.989 53.288 TOTAL FUNDS 335.￿24 1368,305) 85.969 These relate to funds Ihat the TnLi*es ha4e t*en as￿1 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 ￿Per￿1 460.334 368.305 Net exP•￿d￿re 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￿{0X￿1￿Tr) 14,$29 (17,1671 Page 13