Charlty feKistratlon number 223327 Company reB15tr4tlon number 00741097 IEn8land and Walesl CENTRAL BIBLE HAMMOND TRUST LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CENTRAL BIBLE HAMMOND TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Truste*s Mr J H Broadley Mr G Kell Mr P Ollerhead Mr B Donald50n Mi55 R Ollerhead (Appointed 24 January 20241 Secretary Mrj H Broadley Charity Dumber 223327 Company nurnb•r 00741097 Prin¢ipal address 31.33 Glover Street Crewe Cheshire CWI 3LD R¢glstered offKe 31-33 Glover Street Crewe Cheshire CWI 3LD Independent examlner Andrew H3Bue 8Eng BFP FCA Mitchell Charlesworth 24 Nichola5 Streei Chester CMI 2AU
CENTRAL BIBLE HAMMOND TRUST LIMITED CONTENTS Page Trustees, fÈPOrt Independent examineT'S reptsrt ststement of finan¢ial actlvlties Balance sheet Notes to the finantlal SteMentS 7-15
CENTRAL BIBLE HAMMOND TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial 5tatrments for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accountin8 policies set out in note I to the finanilal statements 2nd comply with the Trust's Memorandum & Articles of Association. the Companie5 Art 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to tharities preparinE their accounts in èccordance with the Financial Ileportin8 Standard applicable in the UK and Republic of Ireland IFR5 102lleffectNe l January 20191. Oblectlves and acllvitle5 The objectives ènd aims of the Charity are to promote the advancemerst of religion by printlnB, publishiog. and selling all classes of book5, newspapers. periodica15, rnagazines, ulendars, rnaps and other publications desi8ned to make known and propagate the Protestant and Evangelical tenets of the Chrlstlan faith in the UK and woddwide for the benefit of the public. For these purposes the Charity produces and distributes literat4Jre on the doctrinal and prattitèl aspects of the Christian faith In line with the Interpretation put forward by such early writer5 of the"8rethren" movement as J N Darby and W Kelly. Public Benefrt The Trustees have ld due resard to 8uidance i55ued by the Charity Commission In decidlng what actmties the should ndertake.
CENTRAL BIBLE HAMMOND TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perlorman¢¢ SigrJi/icont octivities ond ochievements Gg01115tobJe¢tfves Two new boDks were published thi5 year. one of these by a young author. PublicatSons continue to be made avai13ble on the Trust's website and offered internationally throu8h internet booksellers. Exi5tln8 e-books contlnue to be made available through Google Play and Amazon, lor the Kindle. The annual Cheering Words tslendar was sold to the public by mail order. the Trust's own web 51tÈ and via UK Christian bookshops. The quarterly s0re Truth ma¥azine Continues to provide io subscribers acros5 the globe a rnnge of practical and d¢xtrinal articles in line wsih the Trust's objectives. The magazine is mailed free of charge to sorne readers abroad. The firsr fifty volumes11909-911 ènd issues from January 2W2 to April 2023 of Srripture Truth magazine are fe1¥ available online. Preparatory work has been on8oin8 for the reintroduttion of printed bound volumes of the magazine. Work has continued for the launChIng of the Alivel magazine in a new formal. The new Alivel website has been completed, with its entirety new graphics. The user can easily navigate the artleS Ir offers. The development of the new website is reaching completion. It5 main feature will be an online shop. Jhe Trust tontlnues to supply literature to bookstalls at conferences in the Midlands. the North-west ènd the Scottbh Borders. During 2023 the Trust 5UCtessfully continued its use of the internet a5 the primary vehicle for selling second-hand books whose corstent is in line with the Trust's objectives. Over 9.ow book5 ave now offered. A donation was made to a charity whose work include5 the distribution of Christian litÈrature in the Democrètit RÈpublic Df the Congo, in order to assist with their supplying of 8ible5 and the transporting of books for use in their schoo15. A further donation was made to a55iSt In the supply of Bibles in Tshiluba. A donation was made to a contart in Swlt2erland for the production of Bibles in Otetela. A consignment ot second-hand 8ibles 4S sent to a Christian worker in Cameroon. Consi8nments of carefully selerted surplus second-hand books were donated to the Christian African Relief Trust for onward shipment to their ¢hurch links in Zirnbabwe and Malawi. The Trust made 3 Significant donatlon to a charity whlch undertskes by radio what this charlty does in print. The Archive of titles published both by the Trust and its antecedents. and by other publtshers whose objectives are similar to those of the Trust, 15 being maintained and expanded. Following closely upon the appointment towards the end of 2023 of Mr Brian Donaldson as a Trvstee, Miss R Ollerhead was similarly appolntod In early 2024. Securlty cameras have been installed at the premlses. Flnancial review The Trustees consider It approKkriate to hold free reserves of a rninimum of £IOO,000 to provide adequate working Capital for the charitable tradin8 actiwties of the Trust and to provide a buffer agèinst changes in circumstances. A5 at 31 Oe£ember 2024 free net current a55et5, which the Trustees ¢onslder to be ifflrnediately avallable reserves, wÈrÈ £174,27712023.. £275,467).
CENTRAL BIBLE HAMMOND TRUST LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Going Concern The Charity continues to adopt the going wncern basis in prepaTing ihe financial ststements. The Trustees have considered the most appropriate policy for investing cash $Our£e5 and have decided that term bank deposits rneel thelr quIreMentS DI 3 reasonable rate of return, without capital Tisl and with predictable acce55ibility to the funds. The Tru5tee5 actively revlew the Major ri5k5 which the Trust face5 on a regular basis and believe th malntalnlng free reserves, combined with a review of the controls over key financial systems. will provSde sufficient resources in the event of adverse conditions. The Trustee5 have also examined other operational and bu5ine55 fi5k5 fJced by the Trust and confimi that they have e5tablishÈd systems to mltigate the significant risks, particularlythrou8h insurance cover. The Trust is or8anized 50 that the Trustee5 rneet formalty on a quarterly basis to manage its affairs. Day today responsibilities are delegated to a mana8er.+ It is the Trust's intention to continue its policy of publishin8 new books and reprinting appropriate out-of-print books from its back catalogue in line with Its Objectives. It will continue to explore new avenues to extend the ava+lability of Its resources for the beneflt of the public. Re5erve$ Polirv It is the policy of the that unrestricted funds which have not been desi8nated for a specific use should be maintaSned at a level equivalent to between nine and twelve month's expenditure. The Trustees conslder that reserves èt this level will ensure that. in the event of a significant drop in fundln& they will be able to contlnue the'5 current 3ctivities while consideration is given to ways in which addltionèl funds rnay be ralsed. This level of reserves has been maintained throughout the year. 5trurturei governanrè and management The Charity is controlled by Its Governing Docume, Memorandum and Arti¢les of Association and constitutes a limited company, Ilmited by 8uarantee, as defined by the Comp8nies Act 2006. The Governin8 Document is the Memorandum and Articles of A550Clation incorporated 16 November 1962 as amended bv special resolutions dated J December 1970, 13 ottober 2(M)9 and 29 January 2010. The Trustees, who are also ihe dlrectors foT the purpose of company law. and WI sesved durinE the year and up to the date of signature of the financial Statements were.. Mr J H Broadlev MT G Kell MT P Ollerhead Mr B Donald50n Miss R Ollerhead (Awolnted 24 January 20241 Re¢rtsitment ond oppointmenr oltrustEes The Board of Trustees has the power to oppoint and remove Trustees as it considets fil. The Tru$iees' report was approved by the Board of Trustees. Mrj H Broadley 28 April 2025
CENTRAL BIBLE HAMMOND TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CENTRAL BIBLE HAMMOND TRUST LIMITED I report to the Trustees on my examination of the financial statement5 of Central Bible Hammond Tvust Llms*d Ithe I for the vear ended 31 December 2024. Responslblllties and bas15 of report As the Trustee5 of the land also it5 directors lor the purposes of company lawl you are responslble for the preparatlon of the financial staternents in accordance with the requirements of the Companles Act 2CY)6 (the 2006 Att). Having satlsfied myself that the financial ststements of the are not required to be audited under Part 16 of the 2(h)6 Act and are eligible lor independent examination. I report in re5pert ol my eminatIon of the '$ financial statements carried out under section 145 of the Charities Act 2011 Ithe 2011 Act), In carrylng out my examination I have followed all the appllcable Directions given by the Charity Commission under section 1451Sllbl of the 2011 Art. Independent examlner'5 Statement I have tompleted my examination. I confirrn that no matters have corne tts my attentSon in ccnnertion th the examinatson 8ivin8 rne cause to believe that in ony material re5pe¢t'. atcountin8 records wÈrÈ not kept in respect of the as required by section 386 of the 2006 Art,. or the finantial s¢atements do not accord with those records,. or the financial statements do not ¢omply with the actountlng requirements of section 396 of the 2006 Act other than any requirement that the accounts glve a true and fair view whlch Ss not a matter considered as part of an iridependent examination., or the financial statements have not been prepared in accordance with the methods and princlples of the Statement of Recommended Practlce for accountlng and reportin8 by ¢harltles applicable to charities preparing their accounts in attordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFR5 1021. I have nts ¢oncems and have come across no other matter5 in connection with the examlnation to which attention should be drawn in thi5 report In order to enable a proper understanding of the flnancial statements to be reached. Andrew Ha£ue BEng 8FP FCA Mitthell Chorlesworth 24 Nlcholas Street Chester CHI 2AU Dated.. 28 April 2025
CENTRAL BIBLE HAMMOND TRUST LIMITED STATEMEprf OF FINANCIAL ACTivmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted fund$ 2024 Urer[ed funds 2023 Notes Income from= Donations and le8acie5 Charlt3ble activities Investments 10.518 18,338 23,527 127.011 18,772 8.826 Totsl Income 52.383 154.609 Expendlturè on: Charltable actwities 101.389 56.658 Total expendlture 101,389 56,658 Net incomellexpenditurel and movement In lunds 149,0061 97.951 Reconcillaiion of funds.. Fund balances at l January 2024 891,019 793,068 Fund balances at 31 December 2024 842.013 891,019 The statement of financial activities Includes all Bains and losses recognlsed in the year. All Income and expenditure derive from continuin8 activlties.
CENTRAL BIBLE HAMMOND TRUST LIMITED BALANCE SHEET ASAT31 DECEMBER 2024 ZOZ4 2023 Notes Fixed Issets Tangible 2ssets Investments 12 13 83,032 608.227 86,043 526,534 691,259 612.627 Current assets Stocks Debtor5 Cash at bank and in hand 7,462 1,164 148.435 7.881 1.251 275.467 16 157.061 16.3071 284.599 16.2071 Credltors.. amounts fallln8 due wlthln one year 17 Net current a55ets 150.754 278,392 Tot•1 •$sets less currentl1oblleS 842,013 891.019 Unrestricted funds 19 842.013 891,019 842,013 891.019 The tompany is entitled to the exemption from the audlt requiremerbt conts1n in settion 477 of the Companie5 Att 2(K)6. for the year ended 31 December 2024. The dlrectors ackttowledge their responsibilittes for compfying with the requirements of the Companies Act 2006 with respect to accountin8 record5 and the preparation ol financlal 5taternent5. The members have not required the company to obtain an audit of its financial sements for the yÈar In question in accordance with settion 476. These financial Statements have been prepad in accordance with the provisions applicable to companie5 subject to the smal companies regime. The financial statements were approved by the Trustees on 28 April 2025 Mr G Kell Mr P Ollerhead Company reglstration number 74109? (England and Wales)
CENTRAL BIBLE HAMMOND TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounti polities Charity Inlormation Centrèl Bible Hammond Trust Limited is a private company limited by guarantee incorporated in England and Wales. The re8i5tered office is 31-33 Glovef Street, Crewe, Cheshire, CWI 3LD. 1.1 Accourbting ¢omientlgn The financial st3ternents have been prepared in accordante with the Trust's governln8 document, the Companies Att 2006, FRS 102 -The Financi31 ReportSng Standard applicable in the UK and Republic of Irel3nd' I"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. 5taternerst of Recommended Practice applicable to charities preparing their a¢¢ounts In accordance with the Fin3ncièl Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021" leffectivÈ l January 20191. The is a Public Benefit Entity as delined by FRS 102. The Trust has taken advantège of the provlsion$ sn the SORP for charities applyln8 for FRS 102 Update aulletin I not to prepare a Statement of Cashflows. The flnanci)I statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in thesÈ financial 5tstÈrnÈnts are rounded to the nearest £. 1.2 Goin8 toncer At the tirne of approvin8 the financial statements, the Tru5tee5 have a reasonable expettation that the has adequate resources to continue In operational existence fcr the foreseeable future. Thus the Trustees continue to adopt the 80ing Conrn ba515 of accounting in preparinE the firsancial statements. 1.3 Ch¥riiable funds Unrestricted funds are 8vallable for use at the discretion of the Trustees in furtherance of their charitable oblertives. Restricted funds are subjecl to speclfic conditions by donor5 or grantors as to how they may be used. The purposes and uses of the restricted funds are Set out im the notes to the financi31 statements. Endowment fund5 are subjectto specific conditions by donors that the capital must be maintatneé by the Trust. 1.4 Incom* Income is recognised when the is leg311y entitled to it after any performance tondltions have been met, the amounts can be measured reliably. and it is probable that Income will be received. Cash donations are recognised on receipt Other donations are r0¥niSed once the has been notified of the donation. unless perforrnance Conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deed5 01 covenant is recognised at the time of the donation. Legacie5 a TÈtognised on receipt or otherwlse If the has been notifled of an irnpending dlstrlbutlon. the amount is known. and receipt 15 expected. If the amount is not kni)wn, the le8acy 15 treated as a contin8ent a5sel.
CENTRAL BIBLE HAMMOND TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Actountlng polides Icontlnuedl 1.5 Expendlture All expenditure is accovnied for on an accruals ba515 and h?5 bEen classilied under headin8$ that aggregate all costs related to each cète8ory of expense shown in the Statement of Financial Actwities. Expenditure is recognlsed when the following triteria are met.. There 15 a present legal or construttive obligation $IlIng from a past everit. It is more likely thèn not that a transfer of benefits (usually a tash payrnentl will be required bn settlement The amount of the obligation can be measured or estlmated reliablv. Irrecoverable VAT 15 chèrged agè¢nst the category of resources expended for which it was inturred. 1.6 Tanglble fh(ed assets Tangible fi¥ed assets are initially measured at cost and subsequentty meaSUd at cost or valuation. net of depreciation and any impairrnent losses. Depreciation 15 recognised so as to write off the cost ot valuation of assets les5 their $1al values over their useful Ilves on the following ba5es'. FehOld land and buildinEs Office equiprnent 2% reducing balance 20% reducing balance The gain or loss arising on the disposal of an asset 15 determined as the dtfference between the sale proceed5 and the carwftg value of the asset, and Ss recognlsed In the statement of financial activitie5. 1.7 Flxed asset In¥ertmentS Fixed a55et investments are Initially measured at transartlon prlce excluding tTansèction tOSts, and are 5ub5equentlv measured at fair Value at eath reporting date. Change5 ID fair value are recognised in net in¢omellexpenditurel for the vear. Transaction costs are expensed ?5 iTrctsrred. 1.8 Impairment ¢ffix¢d assets At each reportin8 end date. the reviews the carrying amounts of its tangible assets to determine whether there is anv indi£ation thèt those asset5 have suffereé an impèirment loss. If any such indication exists, the recoverable amount ol the asset is estlmated in order to determine the extent of the impairment loss lif anyl. 1.9 Stock$ Stocks are ststed at the lower of Cost and estimated selling pri£e less costs to complete and sell. Cost comprises direct materials and. where applic3blÈ, dirÈct12bour c05t5 and th05e overheads that have been incurred in bringing the stocks to their present location ènd condition. Iterns held for distribution at no or nominal consideration are measuTed the lower of repla£erneftt Cost and cost. Net realisable value Is the estlmated sellin8 prKe less all estimated costs of completion and costs to be in¢urred i marketing. sellin8 and dSstributioTh. 1.10 Cash and (ash equivalents Cash #nd Cash Èquivalents include cash in hand, deposits held at call with bank5. Other short-term liquid investments th oriBinal maturities of three months or le55, and bank overdrafts. Bank overdrafts are shown within boTrowing5 1
CENTRAL BIBLE HAMMOND TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng p(Aities (Continued) 1.11 Flman¢lal Instrurnents The has elected to apply the provisions 01 5ectlon 11 'Basic Financlal Instruments. and Section 12 '0theT Financial Instrument5 Issues, of FR5 102 ro all of its financial instrijments. Financial instruments are reco8nised in the 's balance sheet when the becomes party to the contractrjal provisions of the instrument. Finan¢ial assets and liabilltles are oftset, with the net amounts presented in the financial statements, when there is a legally enforceable rieht to set off the Tecognlsed arnoL•nts and there is an sntention to settle on a net basis or to realise the 35set and settle the li3bility simultsneously. 8osi¢finoncialossets Basic financial assets, which include detstots and cash and bank balances. are initially measured at transacrion price includlng trans3Ction costs and are subsequently tarried at amortised cost using the effective interest rnethod unless the arrangement constitutes a financing transactlon, vthere the transaction is rneasured at the present value of the future receipts discounted at a rnark rate of interest. Financial assets clèssified 35 receivable within one year are not amortised. 8uskJlnondol Ilflbllitses 8as+c financial liabilities. including creditors and bank loans are initially recognised at transèrtlon prtce unless the arrangement constitutes a financing transaction, where the debt Instrume is measured at the present value of the future payment5 disc(wrrted at a market rate of irfere5t. Finala1 liabilities ¢lasslfied as payable within one year a not 0rt15ed. Debt instruments are Subsequently carried at amortlsed cost. usin8 the elfective interest rate rnethod. Trade creditors are obligations to pay for goods or servicÈs that have been aCqUid in the ordinary course of operatlons frorn suppliers. Amounts payable are classified as current liabilities If payment 15 due within one year or less. If not, thev are presented as non-current liabilities. Trade creditor5 are recognised initially at trdns?ttion price and subsequentlv measured at amortlsed cost using the effertlve ifflerest method. Derecoqnltlon ojflnonclol Ilt7bllltle5 Flnanoal liabilities a de¢0nISed when the's contractual obli8ations expire or are dlschèr8ed or cancelled. 1.12 Employee benefit5 The cost of 4ny unused holiday entitlement Is reco8nised in the period in which the employee's sekvices are received. Termlnation benefit5 Ère rÈco8nised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide term¢nation benefits. 1.13 Aetirement beneflts Payments to defined Contribution retirement benefit schemes are charged as an expense 35 they fall due.
CENTRAL BIBLE HAMMOND TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crltlcal ac(ountinK estimates and lu*ements In the application of the Trust5 atcountlng policies. the Trustees are required to make judgements. estimates and assumptions about the carrylng amount of assets and liabilities that are not readily apparent from other sources. The estlmètes and a55Qflated assumption5 are based on historical experience and other fèctors that are considered to be relevant. Actual results rnay differ from these estirnates. The e5tirnates ènd underlying as5umption% are reviewed on an ongoing basis. Revisions to accountin8 Èstimates are recognised in the perlod in whSch the estimate is revSsed where the revision affeos only that period. or in the period of the revlsion and future periods where the revision affects both current and future periods. Incomefrom do#atSons and legacies Unrertricted fund$ 2024 Unrestricted fund5 2023 Donatlons and gifts 10.S18 127.011 In¢ome from tharitable artivltles Unrestrirted fvnds 2024 UnrestrScted funds ZD23 Sale of goods 18,338 18,772 Income from inveMm¢ni$ Unrestrlcted fvnds Z024 Unrtstritted funds 2023 Interest receivable 23.S27 8,826 10-
CENTRAL BIBLE HAMMOND TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on tharitable artiwtles Charitable A¢tlvltie5 2014 Charitable A¢iivitle$ 2023 Dlrect Costs Staff cost5 DeprKiation and impairment Purchases & Sttxk Publishing & Binding Postage, Packing & Carriage Commissions & Marketing Rates & Water Insurance 19.253 3,010 3,859 12.340 8,971 1,496 1,223 1.713 1,377 9?8 17,272 3,400 3,235 4.631 8.926 3.625 1.171 3,987 1.2S9 871 Lght & Heèt Telephone Postage & Ststionary Sundry Repairs & Renewals legal & Professional Bank Charges li 657 175 4.073 346 668 469 50B 3,983 324 497 60.139 54,158 Share ¢*15UPPOrt and governance ¢osts l$ee note 71 Governance 41.250 101,389 56,658 Analysls by fund Unrestricted fund5 101,389 56,658 Support Costs allocated io a¢tl¥ltle5 2024 2023 Charitsble donations Governance cost5 a8.925 2,325 2,500 41,250 2.500 Aftalysed between.. Charitsble Activitie5 41,2S0 2,500 11
CENTRAL BIBLE HAMMOND TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Net rnvvtment In funds 2024 2023 The net movement In funds is stated after char8ingllcreditin81- Depre¢lation of owned tan8ible fixed asset5 3,011 3,401 Trustees One ol the employed staff of the Charity becarne a trustee during 2024, the individual received rernunerdtion of E17.269 durinE the year for their existin8 ongoing work undertaken for the charity. No MuneratIon was paid to trustees for their work as trustees. 10 Employees The aveTage monthly number of ernployees during the year was.. 2024 2023 Number Number Employment costs 2024 2023 Wage5 and salaries Other penslon cost5 18,524 729 16.806 466 19.253 17,272 There were no employee5 whose aDnu81 remuneration was more than £60,000. li Taxation The charity is exempt from taxation on it5 aCtivi(ies because all bts inwme is applied for chorftable purposes. 12.
CENTRAL BIBLE HAMMOND TRUST LIMITED NOTESTOTHE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 12 Tamglble fixed assets Fwt*hold&nd •nd bulldlnls Totsl equlprnent Cost At l January 2024 112,526 28.843 141.369 At 310ecember 2024 112.526 28,843 141.369 Depreclation and Impalrment At l January 2024 Depreciation char8ed in the year 33,646 1.5?8 21.680 1.433 55.326 3.011 At 31 December 2024 35,224 23.113 58.337 Carrying amount At 31 December 2024 77,302 5.730 83,032 At 31 December 2023 78,880 7,163 86.043 13 Fixed asset irwestrnents Un115ted Invemments or valuatSon At l January 2024 & 31 December 2024 526,584 Carrying amount At 31 December 2024 526,584 At 310e(ember 2023 526,584 14 Financial instruments 1024 2023 Carrying amount of flnonclal a55ets Instruments measured at fair value through profrt or1055 608,227 526,584 13-
CENTRAL BIBLE HAMMOND TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Stocks Z014 2023 Finished goods and goods for resale 7,462 7.881 16 Debtors 2024 2023 Amounts fèlllng due wlthln year= Trade debtor5 other debto 979 185 1.251 L164 1.251 17 Creditors.. amounts falling due wlthin one year ZOZ4 2023 Othertaxation and soclal security Trade creditor5 Other creditors Accruals and deferred income 134 194 1,591 4,388 95 3,537 75 6.307 6,207 Retirement benefit schemes 2024 zoij Defined contribution sthemes Charge to profit or loss In respe¢r of defined contribution xhemes 729 466 The operates a éefined contributit)n pension scheme for all qualifying employees. The assets of the Scheme are held separately from those of the in an independenily administered fund. 14
CENTRAL BIBLE HAMMOND TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Unrestrirted funds The unrestricted funds of the charity comprise the unexpended balaThces of donation5 and grants which are not subject to speciflc conditions by donors and grantors a5 to how they rnay be used. These include designated funds which have been Set aside out of unrestricted funds by the trustees for specifir purposes. At ljanuary 2024 Incornl resources Resources Al 31 December expended 2024 General funds 891,019 52,383 1101.3891 842.013 Previousyear: At l January 2023 Incomlng resources RÈsources At JI December ejtpended 2023 General funds 793,06B 154.609 IS6.6S81 891,019 ZO Related party tran5aclion$ There were no disclosable related porty transactions during the year12023- none). 15-