CHRISTIAN WORKERS RELIEF FUND Chariti Number ?34676 ANNUAL REPORT AND ACCOUNTS to 31st DECEMBER 2024 CHRISTIAN WORKERS RELIEF FUND Reference and Administrative Details of the Charity Charity Namo.. Christia* IVorÉers Relie¥ Fund (Fo'merly Home Workes Fundl Charrty Number.. 274e78 Trusto0s: The followiyg ha￿e 5er4e¢ during 2024 as -rustees ol the Fund.. M. Andrew A q Bar-es M. T molhy A Bennett M" 6"ia* J Chapmai {- hairmani ss Rachel C ITreasJreri M- John Gamble M,. H Jcin Lee Isecieiaryi M.. Victrael Peac Mr S'.ev/ar. A Simm?ns (Welfare Sec., etaryi Mr Aidrew J Streei IResigned 17l- June 20241 Principal Address.. Addr=ss Icr the ieceip.. ol gifts lo Ilic Treasurer of tlie FLind M,bs R kn 0<1￿8, PQ Box ?8SO. Ball) BA= 6WU Addres5 01 Ihe becietary 3 Inglewood Dri￿e, Bo9nor Reg',s P0214JX Independont Examiner.. J05hJa Kingston BS- ACA. Burton Sweet Limited rhe Clock Tower. 5 -a'leigh uoart, Old Kl'eslon Road, Flax Bourton. br151018S48 1 U R Bankets.. Naiionai M,'eslminster Bank plc. l Muster Green, Hayvdards Heath. Wesl SLS5ex RH1b 4FB un.led -rust Bank, One Roperraker Street London EC2Y 9AW Investment Managers.. Charles Stanley & Co Ltd 2 Westove.. Rjad. Bournemouth i)orse: BH12BY Page 1 Report of the Trustees for the year ended 31 December 2024 Structure, Governance and Management GoIern￿n9 Dociimènt he Cha'ita?le TrJst was established on 1 9-. Seplernbe.- 1 g61 ard is reg151ered witn the Charity Commission No 214676. T-. e Charity C¢mm!ssion seolea a Scgeme dated 17th Decernber 1998 governing the Charity and ag'eed an amendment on tle 91Tr June 2C; 1 Trustees The ￿￿CheMe defioes the ndmbe. OÈ TrJslees lo be between 3 and 20. and the appoinlment of a Trustee is ade L)y Trustees al a specia,, rreeiing. Ea-h appoir.tment Is made for the shortei ol either 4 years or. If the apjointrren.. Is being made to fil a vacancy, the unexpired term of tye appointee s predecessor. The current nuyber of Trustees Is 8 The Trus:ees are a'wa'e of Ihe need to recruit other Trastees and wfren deemed appropriale. Ihey are Intervie￿e4 ana assessed as to".Yei' suitability before being appcinled. Mr Anay Sliee.. haa resign&d as a T'uslee on the 171￿ June 2024 having moved away lo the North East of the ountpl earl er in l*e year lo be ne8rer to farr.lly klav ng oined ttr,e rust In October 2Q18 we have very much appre=ia'.ed ard wil gieally miss, his fellr>wship, contr bu".ion and his widespread knowledge ol the Lord's work. Risk Tha T"us'.ees lake account of.,.sks lo the Cha'ity when making decisions concerniig the Fund They recogn se InG, the rraiof risk to the Cnanty Is a lack ol iycome Aid seek io mitiga:e this through good -owmJni=ai orirelalionship with Its supporter Jase The Trustees review risks on a regular basig They "ecognise th21 Iris Is 3 Ira th, worK and that the FLnd 15 dependent iipon God and His people for income and lor Its =onlir.iaice Objectives and Activities ObJgcis The objects ol tle chan'.y are the re 1el of servirg ano former evangeilS-.s ano Bible teachers who carry out or -amed out l-ei" work In the area of benefi.. and the r current or former dependarls Including spouses widows ?r ￿l￿o￿&r$ who are residanl In the area of Denefit o. wio live abroad ancl requ re such a551Stance because hey are i* conjilions of need hardship or distress or sick. copva escenl. disatsled or handicapped, or elderly. he maip aciivity was t￿& gistribulion o gifts to individLJ31s dLJring ttrie yea. The policy Is that all gifts should meet Ihe-rileii3 01 the oJie¢15 shown aJove ant every grant considered has to agree with these objects before a decisioi to rrace a gra*1 Is made Du)lic 8ene'il The T'ustees -onsider that '.he ac.. v lies undertakep and diStnbu'.ions made by the Fund were In diwl rtherance cf Ils ¢naril8ble purp¢se5 far the public benefit. FL.rtheiryoie, In carrying out those objecl ves and activ lies Jf the Fund the Trustees have had reg2r¢ boih'.o lie gèr,eial, as well as the relevant spe-Ili- Public Be"efil Guican-e ISSJec brf t￿e Charity Commission Page 2 Grant making policy Before rraKing aiy g t. :he Trustees seek to 11nd oui a5 rnuch nforrnalion about the financial needs of an .rdivi"ual reccgn sing that this 1$ a private ryaller. T￿e rain a'ea Jf SLPPknrt corce'ns those w thir the objects who have 'eached the age 0170 years where the Tr.sl&es saic out an lifor￿atIon sheet requesliyg ful details of ',Meir Income wnici Is then compared lo uovemrent statistics and In 3pJropriate cases a reg.lar amount may be agreed and paid. he cha'ity als? Jrovices one off g,fts such as fuqeral expenses whicn It 15 Informed about through varioLJS coi13-1< ard cha-nels and il".he Indiviaual comes wlyin the objects ol the Ghar ly are then considered by the Ttysltses 3rd any gifl agre*d Achievements and Performance The Fund's Income lor *￿e last year was ¢er vec frorn some 9 individdal donors12023.' 161, 9 Churches12023". 14, 2 n￿a.1..able -rusts 12023 41 as well a5 Intere51 earne¢ on funt¥s de?osited with its bankers and nves'.menl Incorre Tke Fund ra¢e finaqciai disl-lbulioTr5 19 110 Indiv oua1512Q23 1181 during the year, Tne cenera basis for 9 ft5 Is agree4 amcng '.he T'ustees arn￿ IS reviewed regularly at',he T'ustees. meetings Sdal y belo n Bristol In sprin J 8nd autumn. T￿e Cha, Iy 15 aorniris'.ered -n a voluntary basis - lyere are no paid employees - with the principal dubes sha.ea aTong the o*ce-holcJers The Tru$le" -s Issue a Repwrt wbictr sets ou.. in sumrnary lorrr delai's ol licome and Expendilure and :his Is ssued lo various c￿Jr¢-es tfrrtsughJu'. Great E., ita ri 2nd to all Inoividual aid Trust donors Financial Review )Lrin- 2Q24 I￿,e Furd r•ce ved i-,come *olallin5 £358 45412023 £347,772) and has distributed lundg totalling t2Q7,11= (£023 £2E9, 65 J Iiyc'ading gifts n kind nhristrnas Food parcels amounting In value lo £2,910 2C23. £2.8851 payrren'.s foi holiday5 amount ng 10 £7.000 12023 £1',000lI. Admin15tration and vDwe"nance costs amoanled to L6,241 1£023 -5.7951. The Cnority s full Iinsncial p051tion Is sel out in the alta-hed financial 51aiemenls There are no contingent Iiabilil es Tie Fund owis no Dr?pert,y ard. as a matter ol •vestmEqt policy. all its asse15 are In Investments aid the ban<. P&serrf8s Policy The Reser￿eS policy. w*ich Is revithved annually. Mas been based Oyp n'eeling the following requiremenls.. Tie Fund Yas no guaran'.eed as5Lrance of Income ald makes no public appeal for support Tlie Jreven fiow of InC0￿e ana exJenci',ure during the year TY15 Is of particular concern al the year eid svhen at least £50 OQO will ?e paid oat on tle first day Df the new financial year. TYe.ie=essity ol a reserve In the event ltral the Fund closed down The Trustees consider that Ir view of111 e tyene Iciaries tyal '.hey suppor, that It Is not unreasonable to have a minirnam of 2 years current expenQilure Reserves al ile year-eyd were £1 03.777 12023. £633 5781 which Is In line with the reserves POIICY set by Ime Tr￿Slee$. Page 3 In* estm-nl Policy he Trus-. tras,io nveslme-l< ?Iher Ihay liose managed by Charles Stanley. The ag'eed policy lorthe portfolio 15 a l￿w meaiLm risc 8¢¢ourt Iln a ba13ncec otsiec.lve for boty growing capiial and generating income to su?ocrt tye chariiy reeds A comm lee ol three rJslees have delegated powers lo aet On behalf ol the Trust. Plans for the future The cha- ty -ontinJes l- cont-lbule I0￿8rd$ Ihe f naiicial needs of many Individuals especially those over the cl 7- year5 In th e f iancial difficul". es th31 Ihev face osl =f-.ie teief clari@s a"e alread/ ￿.1￿er2DlE and are likely to become even mole vulnerable in the current siliJat on as I n4n=ia su Jport'?r Ihem recuctss'rom thèir pruachir.g and olhei SLPPOrttsrs As a result we MLSI be =o-sla•t l Gn lie alei InJr tn05e h3ve addi.. onal needs Statement of Trustees, Responsibilities The I'astees arè Fespo•siDle lo" prepa'ing the TrJstees' Report and the financial slalements In accordance l- apF Icasle 12w and United Farleigh CJU aid ￿estON Road ¥lax BDUrtor 3ris.ol BS48 1 UR Ja'.e 04 April 2025 Page 5 Christian Workers Relief Fund Reg No 234676 STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 Total Funds 2024 Total Funds 2023 Nots$ In¢ome from: Oonalions and Legacies Inveslmenis 338.285 20.169 331500 16272 Totsl Income 358.454 347 772 Expenditurg on.. Charitable Activitie3 Eia sing Funds". Investment Managemenl Charges 299,125 291 371 4,226 3.489 Total Expenditure 303.351 294 860 Realised ILossesl on Sale of Inve51menls 17,7091 13.007} Unrealised Gains on Investments 22,805 11.649 Net Income I (Expenditure) for the year 70.199 61554 Balances brought forward al 1st January 633.578 572.024 Balances carried forward at 31st December 703,777 633,578 The Charity has no recognised gain5 or105se5 other than the results for the year as sel out above. All of t￿e activitie3 of the charity are classed as continuing. The note¥ on pages 8 to 13 form part of these financial ststoments All movemgnts in the ¢urrent year were represented by Unr￿tricted fund$ Page 6 Christian Workers Relief Fund Reg No 234676 BALANCE SHEET AT 31 DECEMBER 2024 2024 2023 Fixed Assets Investments 485,313 374.024 Currènt Assets Cash al bank ano in hand National Wèstminster Special Interest ReSe￿e Current 122,965 1,000 96,844 167.802 1.000 92.64Q United Trust 220,609 261.451 Debtors EE 130 220,739 261.451 Llabllltl•s Creditors 12.2751 11.8971 Ngt Current Assets 218,464 259,554 Net Assets 703,777 633.578 Fund5 Unreslricled Funds 703,777 833.578 Totsl Fund$ 703.777 633.578 Approved by the Board of Trustee8 on 4th April 2025 and Signed on their behalf Dy. Srian J Chaprnan Chairmar The notes on pagas 8 to 13 form part of th¢$¢ financial statements Page 7 Christian Workers Relief Fund Reg No 234676 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 1 Accounting Pollcies a The I'naycial 51atemenls have tyeen preparec In accordarce with lie ￿lS,.Orical c03t convention lexcepl where Ikerviise slated ir t￿e &ccouniing po icy nolel and n accDrdance witfr the S'.alement of Iecornrpenced ?ract￿e Ac-ounliig and Reporting by Charities preDaiing their accounts in accofoance i'iilh t￿e Financial Reporting Sla?d3rd applicable In t￿e JK an¢ RepuDlIG o,, Ireland IFRS 1021 issued iry October 2a19 and Ihe Finar¢ial Reporing S=andard aop itable In the United K ngdom and Republic Df Ireland IFRS 1 J21, 8nd the Charilies Act 201.,. -he accoun'.s 11 nancial slaLemen151 ￿a￿e been prepared 10 give a 'irue 8YoI 'air' view and have departed Irom '.he Cmaril es iA-counis arid Reports) RegLJiaii)n$ 2C08 on y to the exlenl 'ecuired 10 provide a true 8nd fail view, This de=arture has InvclvEd follo¥viDg Acc?uiting ai(J Reporting by Charities Slalefflenr of Recotnrrerded Prac',ice applicable lo charities preparing tileir accoLnls in accordagce with ',ie Financia Reporting Standard appiifjable in Ire UK and ?eJub.ic of reland IF RS 1021 issued In October 2019 rather tnan tbe Accounting and Report￿￿9 by C.harilies .%-.alpmpnl Df Recornm&nd&d ?rpCtl￿e gfFeclivp rom 1 April ?OQS Yihieh has 51fiC9 begn withdrawn The C￿3rtY nieels the definitioi ol a pub.lc benel-l entity uiider FRS102. There are no mate.ia urcer,ainties aboJt Ilie charity s abi Ity'.o cortinue as a going concern, despite the levels ol i051 Ircreases L)eiig experienieo Whilst the T ruslees expect there lo be an irnpaci oi the charity 5 0Deralions aiid 'esoTreb 111 the knurnipg Nonths anJ )ea's. i*e charity considers t has reSer￿es..0 Ineel Iliese chailengeb 111 tlie for>Ee3ble fJlu"2 b. Income from donations Is iicluded In IDcome %vhen these are receivablè. except as follows". ,Vhen donors spetify that oonatiols given to ire ch2nly must be used In ILltlJre accounting periods. thè income df.ferred L.nlil those porioJ$, When donors IT,pose conoilions ivh ch have lo be fulfi l@d bp.forp c.harity becowe5 entitled lo use such Income, lie iycorne is de*erred until the pre-conditions have been met Legacie< are reccgn sed when the Ciarily Is legally eriilled lo the egacy and the amount can be quantifièd Vit- reasoiable accuracy EnkilleTer.1 5 rega'ded as the earlier ol the CnariLy being n¢lified of an ifflpending dis',-Ibulicn or ltre legacy being receivec 2xpendi'.ure is aC￿0Villed lor on an accruals bas15 has been G assified un¢er headings thai aggregate all -o<:s 'elelea to the category -Kpenditure Include5 alti bu'.ab e VAT which cannot be recovered ranls payable are cha-ged ir the year when the oyer Is coDveyeo to the recip enl except in those cases vihera '.he offer Is c￿n01t10n2 , such grants beirg recogn15ed whe.- ltre conditions al'.acled are fLJifilled Grants offered subject le ccndiliors vihich kave rot cee.I me.. al the year end are poted a5 a commitTent, bul noi accrued as xpenditLre. f Un'e$',ricied 'und5 cai te bsec In accordarce Wi4h Ihe -haritable objects al the discretion of the Tru51ees. 5 3esigpa'.ed funds are fbnds Sel aside by tPe Trustees out of unieslric'.ed geieral funds for specific future urjoses or projects Resln-led funcs can on y be used lor Fart cular restricted purposes within the objects ol the Chanly. qes-.rictiors arise ivhen specified by'.he doioi or vihen 'unds a￿ raised for particular 'e51ricled purposes xpendilure whi-h meets these ci lena Is charged lo Ihe luyd toge1￿er Il apDropriale with a lair allocation of maragemenl and suppol wsts. Investmen15 are InclJde¢Y at marrfet value at the year-end The SOFA includes Ikie net gaiis and losse5 arising on "eva.uaiions and d'.spos8is dunTrg Ihe year. Page 8 Cash a.. Elank and in hand Cash at bank and cash In hand Indude$ cash and short term highly liquid Investments with a short malurily ol three iiionihs ei. less Irom the dale of Acquisition or opening ol the depos.'t or similai account. k Croaitois Ciedilors and provisioi)s are rLrognised where the charity has a prescnl obligation rosulling Irolii a pasl event that will proty8bly result In thc transfer of funds 10 8 third party anl the aTounl due to 5ellle the obligation can be measurod or a$timated reliably Page 9 Christian Workers Relief Fund Reg No 234676 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 2 Income 2D24 Totsl 2023 Total Gifts l-om AsseTblie5 Gifts Irom Irdividuals Gifts from T-us15 Leg8c,esiln Memory Tax Recoverec 2.613 2,985 301.000 31.557 130 3,623 3760 324,000 Donai ons and lega¢ies In¢orne 338 285 331.500 Intefesl Diiidernds 6.346 13.823 11.4.1 Inieslrent ncome 20.169 16.272 Ttsial Incorne 358,454 347.772 Page10 Christian Workers Relief Fund Reg Ko 234878 NOTES TO THE FINANCIAL STA TEMENTS YEAR ENDED 31 DECEMBER 2024 3 Expenditure 2024 Total 2023 Total Chaniable Acliiities Direct cos'.s C*Iisiian IVo"Ke'. s Vlidows o, Christian Mlorkerg Gifts In Kind Gifts for Halidays 194,225 181,825 93,355 2.885 11,000 2,9.0 7000 Total 297,110 289,065 Support costs Sundry Exp@n&es Pc>5taq& Goverpance costs 702 468 511 1.504 Toial 2,0.5 2,306 Raising I￿￿¢5 Inveslr'eri Alanagernenl Charge5 4,226 3,489 Tola.. 4,226 3,489 Total ExrendilLie 303,3S1 294.860 4 Net incomellexpenditurel for the year This Is slated after chargins-. 2024 2023 .nt¥eponden'. èxarniner's 18e .038 The Trusi dces not employ stay diréctly Iherefore the total key nianagemen+ perscnnel employee beneii15 In the ye %veie £nil .2C23 £nill. Trustees expen>es and ienuiiieialioii In the year were _T)il12023 ni11. Page11 Christian Workers Relief Fund Reg No 234676 NOTES TO THE FINANCIAL STA TEMENTS YEAR ENDED 31 DECEMBER 2024 5 Investments M8nago¢ fu4ds - Chartes Stanley 2024 Cash Funds Total Marke.. value a1 1 January Additions Jlsposals Ui,'èalised gains/llosse51 Realised ga ns( Ilossesl Di¥idend$ & Interest 4daitiong Vi-.ndrawals Manaoemert fees jC3sh basis) 5,784 1164 9261 70,730 368,240 164928 170.7301 22 805 17,7Q91 374,024 22 805 {1,7091 1i,823 100,000 113.7101 13 9201 13.823 1 OC4.000 117.7101 19.9201 Marke., value al 31 Dece.Ttei 7.761 477.532 485.313 2Q23 Cash Funds Total 12fke'. value ai 1 JanJaiy 4d#ilipns )isposals Jn'ea Is&d cainglliossesl flealised ga nSijlns*esl D.vidends & Intarest Adailions INiihdrawals Management lees iCa5h b85is! 109,551 112J,5261 22.846 258.918 12352S 122 8461 11649 13 0071 368,469 11,649 13 0071 11,411 111,1461 13 3521 111,1461 13,3521 Marke.. value al 31 DeceTber 5,784 368,240 374,024 2024 2023 Isionpal cost 444.027 357 666 P8ge 12 Christian Workers Relief Fund Reg No 234676 NOTES TO THE FINANCIAL STA TEMENTS YEAR ENDED 31 DECEMBER 2024 6 Debtors 2024 2023 Gift Aid Receivable 130 7 CrÈditor5 2024 2023 AC￿rUal$ 2.275 1,89T 8 Related Party Tran¥a¢tions There wÈrÈ relaltyd Ir8Ysact ons In the year or prinr year. 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