REGISTERED CHARITY NUMBER: 222416
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
FOR
CHRISTADELPHIAN BENEVOLENT FUND
CHRISTADELPHIAN BENEVOLENT FUND
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 12 |
CHRISTADELPHIAN BENEVOLENT FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trust was established to relieve conditions of need, hardship or distress in the Christadelphian community. The aims of the trust are to provide grants. These aims enable the trust to fulfil its objectives for the year, being to help those members of the Christadelphian community who are experiencing difficult times. The Charity's strategy is to use the network of Christadelphian ecclesias to make its work known to members of the Christadelphian community. The ecclecias will refer individual cases to the charity and provide updates so that it can assess how successful it has been in fulfilling its aims. The grants provided during the period are the means by which the charity achieves its aims and objectives.
Public benefit
During the year the trust fulfilled its public benefit aims by maintaining its regular grant making and has also made compassionate grants to individuals. These grants are made to members of the Christadelphian community, membership of which is open to all through baptism into the Christadelphian community.
When planning grant making activities for the year, the Trustees have considered the Commission's guidance on public benefit.
Social investments
The charity no longer provides new interest free loans to individuals.
Grantmaking
The trust has a policy of making regular grants. In addition it makes irregular compassionate grants to individuals on the basis of representations made by the ecclesia of which those individuals are members. These grants are made to assist members of the Christadelphian Community in line with the charity's objectives and aims.
Volunteers
The trustees are grateful for the contribution made by volunteers in assisting the trust to carry out its activities. Because of the difficulties in quantifying economic value to the volunteers' time their contribution has not been included in the statement of financial activities.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The trustees are pleased to report that the charity was able to continue its making grant making activities during the year both in the shape of regular grants and compassionate grants made to individuals. In doing so the charity has achieved the objectives set as these grants are made to members of the Christadelphian community, membership of which is open to all through baptism into the Christadelphian community.
FINANCIAL REVIEW
Financial position
The net gain for the year amounted to £63,375 and the fund balance carried forward at 31 December 2025 is £3,006,762.
Grants made by the charity were at a slight decreased level compared to prior years with income reducing too. The net income reflects the gain arising from investments during the year.
Page 1
CHRISTADELPHIAN BENEVOLENT FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
FINANCIAL REVIEW
Investment policy and objectives
In accordance with the trust deed, the trustees have the power to invest in such stocks, shares, investments and property in the UK as they see fit. The trustees, in consultation with the charity's investment advisors, have a policy of medium term growth and maintainable income.
Reserves policy
The reserves held are £3,006,762. The trustees have reviewed the reserves of the charity. This review included an assessment of the probable future levels of income and expenditure and the size and nature of the reserves. The review concluded that it was likely that there would be greater demands on the charity in the future and that the size of the reserves would enable the trustees to meet these calls on the charity. They have also continued to provide publicity about their grant making capacity to members of the Christadelphian community.
FUTURE PLANS
The trustees plan to carry on providing grants in a manner similar to that of recent years.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The trust is an unincorporated trust, constituted under a trust deed dated 14 October 1952, and is Registered Charity number 222416.
The trustees who served during the year are shown below. The trustees are appointed by the Board of Trustees. The trustees hold meetings quarterly, where they agree the trust's overall strategy and areas of activity such as investment, grant making, reserves and risk management.
The day-to-day administration of grants etc. is carried out by the Treasurer and the Secretary.
New trustees are provided with an induction pack which contains key information about the charity. They are also given information published by the Charity Commission on the duties and responsibilities of trustees.
The trustees have identified the major risks which the trust faces and established procedures to manage those risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
222416
Principal address
Westhaven House Arleston Way Solihull West Midlands B90 4LH
Trustees
J M Buckler E Briley P Bromage R Deedman (Assistant secretary) M Halstead (Secretary) M D Leinster (Treasurer) G M Nicholls F R Whittaker
Page 2
CHRISTADELPHIAN BENEVOLENT FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Vivian Shadbolt FCA Prime Chartered Accountants 161 Newhall Street Birmingham B3 1SW
Solicitors
Shakespeare Martineau LLP No. 1 Colmore Square Birmingham B4 6AA
Investment Managers
Rathbone Investment Management 8 Finsbury Circus London EC2M 7AZ
Bankers
| Bankers | ||
|---|---|---|
| Caf Bank Ltd | Barclays Bank Plc | Triodos Bank |
| 25 Kings Hill Avenue | Leicester | Deanery Road |
| West Malling | LE87 2BB | Bristol |
| Kent | BS1 5AS | |
| ME19 4JQ |
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. M D Leinster - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRISTADELPHIAN BENEVOLENT FUND
Independent examiner's report to the trustees of Christadelphian Benevolent Fund
I report to the charity trustees on my examination of the accounts of Christadelphian Benevolent Fund (the Trust) for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Vivian Shadbolt FCA
Prime Chartered Accountants 161 Newhall Street Birmingham B3 1SW
Date: .............................................
Page 4
CHRISTADELPHIAN BENEVOLENT FUND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities 5 Grants Other 8 Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 Unrestricted Restricted Total fund funds funds £ £ £ 233,988 - 233,988 73,318 - 73,318 307,306 - 307,306 13,202 - 13,202 384,601 30,000 414,601 4,019 - 4,019 401,822 30,000 431,822 187,891 - 187,891 93,375 (30,000) 63,375 2,880,003 63,384 2,943,387 2,973,378 33,384 3,006,762 |
2024 Total funds £ 321,057 84,521 405,578 13,412 432,285 4,637 450,334 (14,758) (59,514) 3,003,312 2,943,798 |
|---|---|---|
The notes form part of these financial statements
Page 5
CHRISTADELPHIAN BENEVOLENT FUND
BALANCE SHEET 31 DECEMBER 2025
| Notes FIXED ASSETS Investments 10 CURRENT ASSETS Debtors 11 Cash at bank CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 2,737,536 2,270 236,872 239,142 (3,300) 235,842 2,973,378 2,973,378 |
Restricted funds £ - - 33,384 33,384 - 33,384 33,384 33,384 |
2025 Total funds £ 2,737,536 2,270 270,256 272,526 (3,300) 269,226 3,006,762 3,006,762 2,973,378 33,384 3,006,762 |
2024 Total funds £ 2,719,841 3,874 223,443 227,317 (3,360) 223,957 2,943,798 2,943,798 2,880,414 63,384 2,943,798 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. M D Leinster - Trustee
............................................. M Halstead - Trustee
The notes form part of these financial statements
Page 6
CHRISTADELPHIAN BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Other expenditure is included on the accruals basis.
Governance costs
Governance costs include all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination and other sundry expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Irrecoverable VAT is charged to the category of expenditure for which it was incurred.
Tax recovered from voluntary income received under gift aid is recognised, where material, when the related income is receivable and is allocated to the income category to which the income relates.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
Volunteers
Because of the difficulties in quantifying economic value to the volunteers' time their contribution has not been included in the statement of financial activities.
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continued...
CHRISTADELPHIAN BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
| 2. DONATIONS AND LEGACIES Ecclesial donations Other Donations Gift Aid Legacies 3. INVESTMENT INCOME Dividends on quoted investment Interest on Cash Deposits 4. RAISING FUNDS Investment management costs Portfolio management 5. CHARITABLE ACTIVITIES COSTS Grants 6. GRANTS PAYABLE Grants |
2025 £ 58,839 22,491 8,656 144,002 233,988 2025 £ 60,605 12,713 73,318 2025 £ 13,202 2025 £ 414,601 |
2024 £ 88,398 17,102 12,894 202,663 321,057 2024 £ 69,386 15,135 84,521 2024 £ 13,412 Grant funding of activities (see note 6) £ 414,601 2024 £ 432,285 |
|---|---|---|
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continued...
CHRISTADELPHIAN BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
6. GRANTS PAYABLE - continued
The total grants paid to individuals during the year was as follows:
| Annual holiday scheme Bible School - Christadelphian Christmas bounty Fuel aid Individual grants Iranian refugees Residential care costs Respite Care Urgent help scheme Water aid 7. SUPPORT COSTS Other resources expended Support costs, included in the above, are as follows: Governance costs Sundries Independent examination 8. OTHER Support costs |
2025 2024 £ £ 6,679 7,076 14,353 12,609 4,862 4,419 68,925 65,726 528 18,553 23,745 13,177 113,224 75,485 116,252 199,730 41,973 14,090 24,060 21,420 414,601 432,285 Governance costs £ 4,019 2025 2024 Other resources Total expended activities £ £ 779 1,277 3,240 3,360 4,019 4,637 2025 2024 £ £ 4,019 4,637 |
|---|---|
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continued...
CHRISTADELPHIAN BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
Trustees' expenses
One trustee (2024: 7) has been reimbursed or received expenses during the year totalling £170 (2024: £617).
10. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | ||
|---|---|---|
| MARKET VALUE At 1 January 2025 Additions Disposals Revaluations At 31 December 2025 NET BOOK VALUE At 31 December 2025 At 31 December 2024 Investments at market value comprised: |
Listed investments £ 2,719,841 385,872 (540,538) 172,361 2,737,536 2,737,536 2,719,841 2024 £ 1,825,845 893,996 2,719,841 |
|
| 2025 | ||
| £ | ||
| UK investments | 1,851,726 | |
| Overseas investments | 885,810 | |
| 2,737,536 | ||
There was one individual holding which at the balance sheet date exceed 5% of the market value.
Franklin Templeton - 5.1% (2024: 5.2%)
There were no other individual holdings which exceeded 5% in the previous year.
Cost or valuation at 31 December 2025 is represented by:
| Listed | ||
|---|---|---|
| investment | ||
| £ | ||
| Valuation in | 2025 | 2,737,536 |
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continued...
CHRISTADELPHIAN BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
| 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Income Tax debtor Accrued Income 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 13. MOVEMENT IN FUNDS At 1.1.25 £ Unrestricted funds General fund 2,880,003 Restricted funds Ring fenced donation 63,384 TOTAL FUNDS 2,943,387 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 307,306 (401,822) Restricted funds Ring fenced donation - (30,000) TOTAL FUNDS 307,306 (431,822) |
2025 £ 1,731 539 2,270 2025 £ 3,300 Net movement in funds £ 93,375 (30,000) 63,375 Gains and losses £ 187,891 - 187,891 |
2024 £ 2,579 1,295 3,874 2024 £ 3,360 At 31.12.25 £ 2,973,378 33,384 3,006,762 Movement in funds £ 93,375 (30,000) 63,375 |
|
|---|---|---|---|
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continued...
CHRISTADELPHIAN BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Ring fenced donation TOTAL FUNDS |
At 1.1.24 £ 2,939,928 63,384 3,003,312 |
Net movement in funds £ (59,514) - (59,514) |
At 31.12.24 £ 2,880,414 63,384 2,943,798 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 405,578 405,578 |
Resources expended £ (450,334) (450,334) |
Gains and Movemen losses in funds £ £ (14,758) (59,514) (14,758) (59,514) |
|---|---|---|---|
Purpose of restricted funds
These relate to funds that the Trustees have been asked to administer for the benefit of a member whose home ecclesia has closed.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2025.
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Signature 1
Signed by Mark Leinster using authentication code UVM0NGIlZVRQIXR1 at IP address 46.255.112.101, on 2026/05/26 14:24:47 Z.
Mark Leinster's e-mail address is: Mark.Leinster@ehsmith.co.uk.
Signature 2
Signed by Mark Halstead using authentication code OFF4KXlxQVNPb3dK at IP address 84.70.21.175, on 2026/05/27 06:39:01 Z.
Mark Halstead's e-mail address is: mark.trustee@outlook.com.