2025-12-31-accounts

REGISTERED COMPANY NUMBER.. 00329186 (England •nd Wal•sl REGISTERED CHARITY NUMBER: 24Q090 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2026 FOR THE CHRISTADELPHIAN MAGAZINE AND PUBUSHING ASSOCIATION Johnson T¥J5all Limrtgj Chartered Accounlants 81 Burt(￿ Road De￿$hIre DEI 1TJ

THE CHRISTADELPHIAN MAGAZINE AND PUBLISHING ASSOCIATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Rèport of thè Trustees 1 to 7 Indèptndènt Examin•rf$ R•port Statwn•n¢ of Flnan¢lal A¢iMtl•s Ba￿nCe Sheet 10 10 11 Cash Fl<)w Ststoment 12 Not•s to thè Cash Flow Stal•m•nt 13 Notes to th* Fin•n¢ial s¢at¢ments 14 to 25

THE CHRISTADELPHIAN MAGAZINE AND PUBLISHING ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 The Irustees who are also dIred0￿ of Ihe chwity fry the wrwjses of the Conwaries P£t 2(￿. present their report vthh the financial statefflents of Ihe tharity for the year eThJed 31 [￿CeNtrr 2025. The trustee5 have adopted the prowsion5 of Accounling ReFyts"iYJ by Charities". Slatemenl of RecLmnm￿ded PraclKe aP￿icab￿ to charities prepariThJ their accounis in a￿Ordance ith Finanrial Repm StaTh1ard 4]Fl￿at￿e in lh• UK ￿ Rep￿¢ of kewnd IFRS 102} (effethe 1 JaNRry 2019}. oWEcTV￿ AND ACTMTIES Chaiitabl? Obl￿tiveS and The charity's (4"edi¥es arnl tru5tees' std is to Frncrte eruxffage the aThJ acceptanc8 of Chnstsdtrlphian religbJus doctrine and genera Chrisban r81190￿ aNI to asstsl arnj advise c￿lstadelphi8n eCde￿aS and it￿￿mdUaiS accordingty. has mantaxied by the publcaJn of ￿￿r¢s. t￿. I￿￿ts. (trjilal molerial, and ofvr resoLYC¢& 2025 hlghllghts We made C0npAdefab￿ prwess on a number of fronts in 21r25. consdK1ats"NJ our ￿re th.lies J)d devel(￿Ing new oné5. Sales of printed ￿pIeS of The Chiisladelphian magazine contiThJed to dedine marg"nally, trwjt digita1 subscripts)ns hava iweased rnodestty. During the year, we put4ished fve new tKx)k$ have well" bLx& sales conlm'buled uSe￿ty to cNJr income, wl)¢le helpirKJ lo lulfil our charile obj'exive of ad¥an(JrwJ cdigous knowlethje. Despitè Infix￿"0nary pressures on the goods services ￿ FThJrchase, * h￿e worked lo cut back our overt)ead costs, both on premises and Staff￿9. Overall. ha%E been a￿e lo reduce staffing costs thle absoth'ng pay inc¥eases. A major daa.sion was to redu¢￿ the opening tmes of c¥J p￿miseS at 404 ShathC￿ Lane during the ye, makiNJ usefvl Sa)rings in utilthes ￿ othef offi¢¢ ¢osts. slil M￿ntain1r￿ a gocKI seryicE for our customers. Our finances were boosted by inuea$9$ in d￿ali￿5 frryn the ChriStadelth￿ C￿mUnity folkNing OLW appeal in September 2￿24. by the cost m•asurÈs above, 8fKI by not re-hirir¥J and absoth.ng coles kn tlwe was staff lum¢)ver. other than restrucbJiThJ ￿Jr cost bas•. lh• mcjst imrKxtsnt ¢Ye¥elc¢4nent tl)rwh the year ttas been th tr) de'yn and introduce a new di9rtal ￿alf0m1 - Renew- for the dissemThtion aTrJ shariry ol Christa¢Jelphian matenal wortd￿.de. This has requi￿ a major tethical input. drawing on experD"8e M) Ixth Ihe UK and North America. resulting in an app vknid) was laund)ed in May 2026 to proytde $￿SCri￿rS wth religvxts c$￿ent rangiry Irom audio bogks and poknsts to spirrtual songs. It also provmles S￿¥$ to The Chiistade￿h1an magazine ojrrent and past issues, together swth the huge CMPA digital archive ol bo¢$ an¢J magazjrw by Christsdelwan vrfilers. Different S￿SCri￿￿On I￿1$ are offered, de￿ndIng on Ihe of contént users wish to buy. The initial laL￿h ts fc a br¢m￿-base￿ seThf+ce'. a ful rnotrA"le ￿p is expected lo follcw Sho￿Y. This major projec %K)uld not have Fwitjbe ithcyA significant financial inpuL and the trustees are very gralelul to the Thous￿ Oaks Christthlphian ELxle%a ￿ calffo￿la ts a generou5 gift in J￿Uary 2025. This funding has enatled the eng•3ement of the rcssary skn"Is and exp8rb.se in thè UK. Ihè Unrtèd States and Canada, which has kèpt th8 oject on track. We continued to support thè jomt project wth Tkn"rJgs magazY in the USA ar￿ Gl&1 Tio?ngs m>38zine in ihe UK to tsulit8te T￿ Fh"gh Callin9 de¢tronic p￿ICatiOn in a ran￿ of for use arrxThl the Tc¥1d has teen successful. wrth content provided in Farsi, Swahili, French, Dut¢h. Spanish. Uth arbd ChLdw8 POSt-Balar￿ SW we receNed a ftjrttw yerw(w grfl of $1Th).(O) tvward5 the Renew project in January 2026 Fomowng launch in May 2026, take•UP has been encourag"ThJ vft are hcy8ful that subscllptions ￿11 gr￿￿{ rapidly once the mobil8 app is launched. The trustees, aim is that this in￿atiVe will help u5 to engage effectively with a wider demographK wlhin our community. esp8a.aly Vlith yOLm98r wplè aNI ith Chn"stadeWigns overseas. P•J8 1

THE CHRISTADELPHIAN MAGAZINE AND PUBLISHING ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 OBJECTIVES AK) ACTMTES contIn￿d Further detai18 Th• trust•s dwAdÈd in 2024 10 ex￿c￿e the iMpl￿al￿)nS of incrèasry di9ltal lootprint for reducing usage ol our premises in Birmingham. In the evenl. Opt￿￿$ ￿ h￿1 KkntifEd fty mwng fvorn oui Shaltmoor Lane ￿lIdIng to smaier. more economical premises d￿￿ Thjt prove attr￿￿'ve aTrJ. as descnb&l abo¥e. rt WAS decided lo keep our costs under conlfol by oiher means. We wdcomed new Irustees during 2025. Mary lthittaker and Andw Brarnhll. Andrvw 15 due to take over from Andrew Walker #s Chair In June 2026. The truste•s mèt In Marth June, SÈptémbÈr and OÈeAmbÈr. Mosi of our trustee and comtnrttee meetsngs took place ty eleCtrOr￿ means. but V￿ mel In person In September p.wj at Management su￿cC￿nNttee meets Iw times a year be￿n the main Cr￿Mrt1ee meetiTrJs Tfws Sub£omtnitt9? deals wth matlers of a pracbcal day-lTrday nure as ll as preparmy k)r the Ill￿ee Me￿Ing9, making appropriate reComMendat￿nS. and commissioning advar￿e paFers. The De[￿ Chair bew a to ￿date rationalise corporate p)IKies. wFKh Is rK)w largely ctynple. A number d rknv tthts Trere put4ished wnted arhy eblronr frymat. irr4udww' Inspirat. The Tapesty of scnptU￿, In Dèf&rJca of & sibl￿81 Faith. Ninè Ess8niials of th Kingck)m Joun￿8￿1 Rèfteclions Se¥èra'. blles were also repnnttd. using pr.nt-ortrdemand io miThrnise the level ol st(Kk s￿1 reduce ffnasKJal risk ol hLlw¥J unsold Slod( The digilal has approximatety 3el) Sub&￿terS LS ccthnuwvJ to grow as publicatsons and magazines are It Is custornary fw Il Editor and some of Iwystegs to be invrted to at ¢￿"str(Jel￿n megbng$ in many parts of ihe world where they also publicise the work ol the A$$￿'atIon. This continueLI in 2025, htrilh the Eth"ior speakir@ al the Eastem Chfistadelph￿n 6ible SdMK4. arKf else%we. 2025 saw rnore than eghl twkstslls operated at chrtsI￿1phlan events Ilwwjf￿￿l UK. as wdl as reprewtslion 81 intemab'onal events. The UK t¥xl(s¢a115 generat￿1 rTKre £10.(￿. The sale 015￿n￿h￿r￿1 religious books has cOn￿nue4 but is being reduced In so)pe as It takes WJ cC￿S¥Jerab b.me and s￿. We continue to be urnThepresented In intemati¢ywl markets in Iwms of our magazine 5thuytsons, txrt we interky to make a significant markebng effort wrth Renew In 2026. tell￿ that tlis isthe best way lo increase intwnationaS eThJagement. Ow advisory wcrfk continues. errfjagng on a wmter ol tsyJe5 ￿nOr￿t ecdesias in the UK a￿1 abroad. Stainry and voluntttrs During the year one of our key staff ernyated lo AUS￿18.. t&rt we are F4eased that we have been able to enter into a contract him to prowts seTh￿S to us, whith has a¥c¥ded the need for us to recruit a reFAaTrment for his skills V¢Yunleers usually help in the despatch of magazuies aThJ ha¥e a mLth irwJeased team ol re￿ar vdunteers y￿rkIng a hall-day OT one day a week. incJudirKJ M digiti5akn calaknguing wojects, as as cJJslomer service work. INe are 9raieknl for the assistAI)ts Ot an irKyÉasiny numbw of ¥dthteèrs is hèlpin9 US to manag• our employmnt eLs. Page 2

THE CHRISTADELPHIAN MAGAZINE AND PU8USHING ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 O&JECTIVES APX ACTivmES ¢an¥nwd Publle b•n•flt The trustees ackn(phledge Ih8ir r£qurn￿l to dÈmanstrate that Ihe charity has a chwitable purF4)se Ihat is for the pu￿1¢ ben8fft. Thè tnjstees cAJnfifm that tsy have rewd to Ihe Ch￿ty Commi￿10n guKlance on wblic benpfit in deading whal actiifjtie$ to Lmdertake. The ￿kS and Feriodicals published by Ass￿1￿.￿ are avadaiAe ts purchase ty everyone at our Reg'stered Offi￿, by post and Mline. te•ts aA48 cth. vthtasicfinw to and pamphlets on rdigiOU5 issues are a150 ￿ailable. as a￿ materials for us• in Sunday schoeAs th￿ arè opèn lo all Children shiro to attend. We cortinu8 to pwde a of it)￿et5 designed SFecgfically ts ncTrChristadphian$. Given the large amount of interest being by Farsi speakers ￿OsS our c(rfnmurnty. stod( Farsi réhgK>us ma￿n81 vA)th * despatc on behalf of one of our si8r d)anb"es (the Chil5tsddFth.￿ L￿￿r￿j SrKJl. li ajditsgn to a sUbs￿b"al anounl of English preachiro material Ythich wè haThJlè en thèir bÈhalf. ACHIEVENENT ANO PERFORPAANCE Charltablo •ctSvltles Through 50rne olher Christad8lFian Organisat￿¥. res(Kw￿ are made availab￿. often on faVoUra￿e terms. for th& genefal public in thè UK and overseas. The offi￿ akno despatths txlE$. and m89azin?519 interested parties. Extemal fa￿Orn An import8rt exterTr31 factw is the declir£ in the sEe of ￿ EThJftsh.SFeakry ChiistadelphAft community in 8rrtain ItrAJt not in the de¥dO￿ng and e$￿.81&Y the activety-readThJ tJt ageir4J segment of our communty. Over kn"me. the￿Ore. the rocus ol our p￿IShing ath"vitigs is thangiThJ. We are of fv need lo ojntinue to SlPFJrt ￿ tradrtw)nal customer base, v4h.lé ai the sarne time providing c￿lert aTh1 ser¥K¢s #wt irterest arKI eTh38ge youTr3er Feopte. indudiro vkg soaal me(tha and the Renewapp. FINANCIAL REMEW PrlnclpAI fundKw Sources The [Min(i￿ fvjnding are th& $4es of ¢horW$ Nt4¢athon8. dth)81icffjs Ch¢ist8delpl¥an organisath)ns and individualsand Wcies. Flnanclal p￿lt￿on Ovef811, core business came in som& YA lighter 2024. a decent resLIt given lower exp￿tionS regarding new book s$ and the conb"nLd dedine in wwit magazine rever￿￿. Tot￿ revenue ￿). knvever, driven by ong)ing don8llon$ up by £30k on 2024. This magrwlude of ryJtFerfOrM￿ in th)nalK￿$ Wds matched by a similar improvement on the costs de. parbcyjlarfy the ￿0Yee (xjsts. This led to a {X￿e I￿si￿sS pwfil Ibefue legacies and the d￿lta1 propctl of £12k as comwed vthh a 10s5 01 £4 in 2024 and1£47kl bWd- a very tnctsjraging result. In athjIt￿n. this has be•n 8 gcKJd year for legacy incomè vilh r￿1[1$ of £79k, ￿ the ¢&ital woiect spent arryJTrJ £kn kns than the money donated to lund During 2025. the trustees to expkn• the pc£si4ity of seibrYJ up ￿ Mlvestinent - rAj￿1b￿ to be funded ty higlFnet-worth indi¥Klua15 Within community, one or hvo of whom have alr•è èxprèssèd intÈrèst In this contspt. Thè trustees recognised that a Sgniknnt fuThY whth codd genwa suflt4w return on capit81 both to ftJThY operatsng defiuts 8nd prowde for futu￿ ￿inVestMent w0￿d be helpfiJl,' but rt would be wnpMant to antwipate and man¥Je potantial risks carefulty. In particular, the trustees felt that doncAs Sh￿Ad nc t afforded benefits or infiuen￿ over the CMPA'S ethos and OKies. Work on fvs pr(4)osal ¢￿ts"nueS into 2026. Pos14ala￿ Str￿et. in May 2026 we r￿￿e￿ a ¢j￿allon 01 £250,¢J)O to help e8tJh'sh this furnl. Page 3

THE CHRISTADELPHIAN MAGAZINE AND PU8USHING ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 FINANCIAL REWEW contlnued The trustees WI￿ contsnw to the progress ￿anst ihe d￿rIty'S ststed otfjeCt￿ (V￿ the CLYn￿g year. The aim ol the truglees. actions LS to keep the tharity in a ststAe c￿drt￿cffi to be ai4e to its obJe(aives ovet Ihe coming years. if our Lord remains avrdy Re¥erves poll¢y The trustee5 revEw the AssoC￿lI0n.S acDvth5 to ensure Tr•thh .1$ r￿r¥￿5 Fot Ih? foreseeat4e ftjture. the ¢aprtal reserves provide Investment iroyne Ws to oflset the tradiThJ Surplus The reserves a150 provide assurawe ol mg able lo wbnue the thanty'$ &tiwbes for a numter ol years Thé fixed assets ol land aThJ office t￿Ilding$ were revalued In 2015 the inveslmenl w0￿rtIeS In 2021 The trustees nSKlw that Ihe ￿r￿nt balan￿ sheet wesents a reasonable aThl fair estmats)n ol the chanty snetTrhy)rth. ThÈ Injstees considerthat. in cyder to fsjf l ihe (￿.￿S obligatior6 to Christsdelphan comrnunty 1hroug￿l the worfd, il is desirable to wnainlain ￿serveS * a equal to ni￿ nM)nths' funrMrKJ o)sts. Mlh the minimum liquid reseNes to be £300,000 Total r￿r¥￿S Sh￿1￿ be bro• equa to annual ruM￿g cosis. The recent period ol deficts has b8en supported by these funds FUTURE PLANS The trustees. plans for 2Q26 a￿ to SUFP)rt the editonal tèam fft 4ntinuing to devdop Ih8 Chnsta<Wptsan Magazin8 to maintain gr8at•r r• and ￿/derthp. and to enhan￿ ccffltent.. launch and promole the Renew app lo me a sgrMfK3rty WKkr rarvje of Ch115ta¢lphian ¢￿tent avaiL4ble, and lo •ncoJrage ￿eater awareness and engageffjent ￿rbc[1aty am¢xvJ yO￿ger p￿Ie. promoiè Thè HAgh C8llin9 ithnt v￿lu[9." f051er good re.ations wth sister magazires in N(yth AJnerica ar￿ Al￿tr￿la., Cxinbnuèto Miessthe fcwxt operatiro defiat by Income and reducgng costs. •X￿Ore and Il possit4e estatdish a new In¥estrnent to h 5ecvre bnger-te￿￿ Mabilty ol the charity. exlend Ihe11st range of books avathle In both prmted a￿1 electront lormat continue to ensu￿ that key ￿Ka1￿5 ￿[naIn in print re￿ u51ThJ tre prinl-orkdemand faulity as appropnats.. ontsnue lo improveourEb 1Xe￿Ceto me rt more accesst4e aTrJ user-fnen(Fty. STRUCTURE. GOVERNANCE AND MANAGEIIJENT Govemlng do¢ument The chanty Iregistered no 24CD9)l is contffAled ty rts doomnènt. the Ajtides of Ass(￿latIoN. and ¢onstilutes company limited by Lwaranieeas de￿ed by Comp3rwesAcl 2CK Recrullment and appointment of Irystees The dir8Ctors ol the company are also d￿nty trustees for F4WP)se of thanty law. Ne trL￿eeS are recruitecl ty Inwlatw)n and electson by ex￿¢1￿ tru*ees P￿e4

THE CHRISTADELPHIAN MAGAZINE AND PUBUSHING ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 STRUCTURE. GOVERNANCE AND IAANAGEMENT C014TINUED Inductlon and tralnln9 of new Iru¥t¢e¥ Mosl truse$ are already wlh the nKS of the diarty nth8 of working All trU￿et$ r￿1Ve a pack ¢ontning". cop ofthe A￿"deS ofAss¢ther subw￿￿rnrttee is responsible foi the creath.on of Farth Alive! our rn&Jazne tr yOLryer readers. The BC￿kS Sub-committee. chared by the Assist￿ Editor, oversees fijtwe put4¢akn of A thWal ath.ses on thg of Ihe Renew prviect. Day-to4ay managernent of the ctharity is ￿ lh8 hands ol the Etht(x. Vincent, in associab"crt) 4wth the Agsistsnt Ed(tOT. Jeremy Thomas. Vh￿ CA￿su￿ the trust￿$ for ￿ldance on matters ol FL)licy atvj strategy. Thè Edrtor updates the trusteés on a regular basis and submts m(MWIty management ¢Lxmts and 8 quarterty report, Ihe Assistant E(ior keeps the trustees inforrned on pKogress wth Iht programm8 of FxJh"cations and rèlattd matters. These reports are considered 81 Ihe quarterty meetings of the trustees. The Cha'r IHises ilh the to nwin&'n IpJht-tOLth fNersi9ht on bthalf of trustees betr￿en fomial m•8tings. Wld•r n•tork Infom￿ relath)ns are Ma￿ain&j¥￿Ih other Chn"stadeWHn LyNsalbytsthroLwJWts w￿ld. Related partl While the charity has no Iml ￿l￿tell PJlies. chjse I￿kS are manlained wth wblishe￿ ofmalerial for the Christadelphian community in Britain, incbjdiro the Christadelphkan kniliary Lèduring ICALSI the Christaddphi8n Biblè Mission ICBM} and also in other p8rt5 of the ￿rtd. fc￿ exarn￿e CthFStadelphian T￿ingsOn the American tt￿tinent and The Lampstandin Austraha. Th"$tsibulion and laeilibè$ are made ¥v8lablp. at 8 C£￿. for ix)th CALS *KI CBM. PwJ& S

THE CHRISTADELPHIAN MAGAZINE AND PUBLISHING ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 STRUCTURE, GOVERNANCE AND ￿NAGEMENT CONnNUED Rlsk manag•m•nt Eath yèar. the trustses ￿￿ertake nsk assessment tth h)antia ￿ operalon¥. arwj tak• the n•c•ssary stèps to MIt￿ale and manage the risks hthich have been idenbfied. Risk rnan•￿￿t aTrJ strategic plaming forn key areas ol attentKJn for th8 trustees to ensure the longwty ol th• c￿lty. The identified risks in re￿nt h8¥e been." falling ￿a￿¢r$hIP ol print¢d mJazines the UK Christadelpfw community espec4alW amcry younger p9opIe', the thangirrfJ make-w) ol UK Chnstaddphi ¢tynmuThty i¢h siwthcant add".bonal numbers whose first18nguage 18 not English-. conlnued fir¢roa ¢haleng¥s, and th¢ holding ol lar9e slrJth$ ol twk$ aThJ t))klets wfKh may te many years to sell Re¢oynilion ol th￿ risk$ ha$ encouraged twstee$" to undertake a strategiG br4J.terrn re¥ie4¥ of the thwity - m05t recenty in tjecember 2024 - and threct its actmties a¢¢ordin91y. Ic dèvdop new apmches- in p8￿cular IhÈ Rènèw aA)- to lostèr A wdÈr and your@Èr rÈadÈrship C•four publicati￿s. to wtx wth our Joint ventLffe Par￿[S IfNJrys aTrJ Gkd T￿lrIjSI to trtrease 9￿)￿al re￿￿ through pubhshing The H￿h Callir¥J In a rarye of languages. Ihrouyl a mix ol disco￿ts and wirte-thms. tr) (xx)bnuè reducmg stock leveL%: to use apwowate pnmng rnelhcxJs- in¢kKlir¥J wnt-cfvJ￿- io &Thit phyytal siod( IKldiNJs.' to rn￿age data prctection and cylxr 5ewity nsks efkn#ivdy. to revw irwJYenl recovery plans regtharty.. throug) the Books s￿-CC¥nMlttee, to exwnire carefulty the put4Katscffl of books aThJ reprints are rTh)st likety lo appeal lo Chn5taddphan re8¢rs". lo estsbli) and hAfiI an opèrab.ng Klan induthng arwMAI txj￿ts aN1 ffm PUbl￿t￿)n scJdul8S' to enhance the attractweness of the digital lknrary by makiTrJ archive Maten￿ acce59ble and searchat4e 1fv￿jgh Renew,. lo ¢￿￿nue lo frLus on irKre85ing the effiuw of sa￿S distrJubon. to continue Improviro marketing. sa*s ￿ distrQxI(￿ by ertharcernents to Ihe websrte and Ihe inue8￿1 use of social media. REFERENCE A￿ ADMIMISTRATIVE DETAILS Regist8red Company numb•r 329186 IErvJl•rKJ & Wales) Regisloted Chanty nurnber 24Tr)90 IEnglarHJ & Waesl R¢9iSt¢r•d <Jffire 404 Shaftmoor Lane BIRMINGPIAM B28 8SZ United Kiwm Page 6

THE CHRISTADELPHIAN MAGAJNE AND PUBUSHING ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Tnot¢es A J Walker P Dawes E M 8enson A R Bramhll S Collard Lawren S Maher S G WhitehcNJSe J wvhrttaker M Whrttaker Ch•r Septemt¢r 2rJ25 Since Setyemter 2￿25 Company ••cr•lary S Collard Ind•p•nd•nt Examln•r Johnson Tidsall Limited Chartere(5 Actourtants 81 BL¥ton Ro•J Derbysh DE1 1TJ 8anke Na￿.On￿ wesknl￿er Bank p 231-235 Str¥tford Road Shirfey TIN$ ￿pOrt has been prepared in ￿rfdar￿e *ith ihe Fffovi&ons of Part 15 of the col￿nI&S 2ct6 ralatiThJ to small companies. Approved by order Of￿ oflrustees ....... .. aTrJ its behalfby". AJW￿k CPF CIPD Flon FFOkl Chair Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHRISTADELPHIAN MAGAZINE AND PUBLISHING ASSOCIATION Indep•nd•nt •xamlns r•p¢)rt to th• trnst••s of The ChrfStad•I￿éan IA•ya21nè •nd PublishiNJ A•$o¢iation ftho Company'l l rep￿t to the charity twstees ￿ my examinatKm of the ol ts C￿p￿ty year ended 31 December 2025. Re¥ptsn$lbllitles aThY ba￿5 of report As the charity's twstee5 of the Company also its th'r￿￿8 fr)r PLffp￿eS ol rxjmpary lawl yw are resp)n%ble lor th8 preparation olth• accounts in accor(1￿ ilh the rnqLirements of lh8 CunpaThes 2(Th Ilhe 2tX)6 Ad). Having satisfied mys811 that the accounis ol the C(￿pbY arè nc requyed to be 8￿j118￿ under Part 16 of the 2￿6 A¢t aThY are e1￿ible lor independwrt examinati(￿. I retmyt in respect of my examinatrx ofyour charitys accounts a5 carned out under Section 145 01 the char￿"0S Act 2011 nhe 2011 fvLfi. In carryiThJ my •xa7)inatK)n I have followed thè D1￿chn¥ given by the Charity Cofflmission under 145151 Ibl 011￿ 2011 P<1. Independgnt examinerfs $t•tsment Since your charity's gross income 8xceJed £250,C(K) your examin8( must be a Mam￿ of a ltsted brxty. l eAn confimi that I am qualifed to undertake Ihe examination because I a membw of ihe Ir6btute of Charter&J ActOUnt￿￿S In England atvj Wales. whith is onè of thè listed bodies I have eAinplÈtÈd my èx8mirAtion. I that M matters havè CATh io my attÈntion in cMne¢ts'on ¥￿th the examnabon gmng me ca￿e to b￿reVe.. counbng record5 ￿re not kept In respect Of￿ c￿panY as by s￿￿"(￿ ￿ ol the 2￿ kt. the xcount5 do n¢X accord ￿ Ihose records.. or the ac¢ounis do not wilh thè reqLNf8ments ol of the Act other than requirement that the accwnts gNe a true and far r#)t a matter corr&dered as part ol ￿ independent examinati￿.. or the accounts have rx)t been prewed in wilh rnelh(xls arKI pr1nrJp￿ of Ihe Staternent of Recommen¢J8d Pr￿'ce for accountsThJ and rekxKiry by Chall￿ lapF1icab￿ to charths 5xparing their accounts in 8¢cordan¢e ilh Financial Re￿kn.￿J sta￿ard in tr UK aNI RewFJic of IidarKI IFRS 10211. I have no C￿cernS arKI have ￿me across no olhei matters in *qlh ihe ex￿l[lat￿M to whKh attenticffl should be dra•Yn In this report in order io enab￿ a wcyer urthistandir¥3 01 the acc￿niS to be reached. ellor FCA Johnson Tid￿1 ￿mited Charte￿d Accountsnts 81 Burton Road Derby Derbyshire DE1 1TJ Oale".

THE CHRISTADELPHIAN MAGAJNE AND PUBUSHING ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025 202S 2024 Totsl lunds R•stMed INCOME AND ENDOWIIENTS FROIJ Dorwti¢￿5 ar¥J legacies 243A31 243.436 121.710 Charitabl• actlvhl (kn wblicati1￿8 Outside public"ons Magazine5 Other inccffiè lin¢lL*Ymg d￿gn and wirm) Booklets 112227 47.995 118.945 16.284 111227 47,995 118.801 16,284 6.388 108.441 55,421 119,083 22.295 7.795 (1441 Investment wKome Totsl 139) 479.386 EXPENDITURE ON Ch•ritable acilvStl•g Own publicab"¢)ns oulw.ts wbh'cations M#g&ines Olher irwme linduthng ¢Jesb3n Bookkts Advisory 177,236 72,981 117,208 67,456 22.822 177.238 72.981 117.208 67A56 22.822 11&621 8&125 129,008 7&860 25.766 479 454.522 NET INCOMEIIEXPENCfftIRE) 106,419 11391 106.280 24.844 RECONCILtATION OF FUI Total funds brought foNorJ 1,081A12 3.133 1.084.545 1,059,701 TOTAL FUNIK8 CARRED FORWARD PwJe 9

THE CHRISTADELPHIAN MAGAZINE AND PUBUSHING ASSOCIATION BALANCE SHEET 31 DECEMBER 2025 2025 Total funds 2024 Total nds ur￿t￿c￿j Re$tn"¢ FIXED ASSETS Tangible assets Investment kXOKrty 13 14 331,787 331,787 332.939 254.0 585.787 585,787 586.939 CURRENT ASSETS Sloths Deblors Investmenis Cash 81 b￿k and In hand 15 16 17 96.462 81.025 3(10,368 96.462 81.025 300.368 111.650 29.19) 319.014 126.912 694,153 694,153 586,766 CREDITORS Amrrtjnls fahng due wthn c￿8 year 18 192.109} 189,1151 189.1601 NET CURRENT ASSETS 497 606 TOTAL ASSETS LESS CURRENT UABIUTIES 1.187,831 1.190.825 1.084,545 NET ASS￿$ 1187831 994 1190 825 1.084 545 FUNOS Unrestricted ftJrKIy. General hjnd Revaluabon feserve Fair value resefve 19 663.515 306,071 218.245 553.999 309.166 218.245 1 187 831 1.081412 Restricled fU￿$s 3.133 TOTAL FUNDS 1190825 1.084.545 The Charit￿le company is en￿￿ed to exempbon (rom a￿JIt uThJef sec￿(￿ 477 d ihe Companiès Act 2CQS for thfr year ended 31 DecemtH 2025. The members have not wuired the ¢￿￿p￿ty to rt4ain an auclt of its $18tements lor the y•ar ende¢J 31 Oecernbef 2025 In ￿rdance wrth Se(l￿n 476 d Ihe C￿paNeS Aet 2fK6. The Irustees acknch%ledge th￿ reswngtmli￿s for ia) en8unn9 that the charitatle comFony keeps re(xds Ihai cowy ￿th S8Cl￿n$ 386 and 387 01 Ihe CDrnpanies Act 2006 and prepaTrn9 financrdl stateM￿ts wtNth gp4e a tnje fair ￿ of the s￿e of affairs of the charitsble company as al the end ol e￿h finanty81 yÈ8t ar¥J ot ts sUr￿S or deficrt for each finanual year in a(xxwdance ￿¥th the rffjuirèments of Se¢b¢ns 394 arvj 395 and which Other￿Se c(XllFty wth Ihe re(pirements ol the Companies Aci 20C6 relating lo fin￿al statgments. so far as 4JtlK*)le to d￿nIable Ib) notes fonn part ol these finanrjal Stat￿￿ts Page 10

THE CHRISTADELPHIAN MAGAZINE AND PUBUSHING ASSOCIATION BALANCE SHEET- continued 31 DECEMBER 2025 These finanaal statements have pre[￿￿ in rThi"sKn% ¥JF4ratle to thartt&)le cnrnpanias suiieca to thè small eornpanies regime. The fin8n(yal ststements %￿e appymd by Ihe Boaryl of Trus*es athmised for IS￿ C￿ .... aid wei? $b3ned on its behalf by.. AJWal CPFA FCIPD Hon FFOM Chair The notes forffl pwt of Ih8se fiwcial ststgnents Pw11

THE CHRISTADELPHIAN MAGAZINE AND PUBLISHING ASSOCIATION CASH FLOW STATEMENT FOR THE YEAR ENOED 310ECEM8ER 2025 2025 2024 Catsh now4 from operatlng •ctt¥ltl•s Cash generated fr￿n operabons 23 1871 Net cash 1x0￿ded byllused inl Operats￿ acbvr 23.1871 Co•h fl¢)w8 from 1ml￿ting aCtfvStles Purchase of tarn￿￿e fixed assets Interest received 15.2S41 8741 15.786 Net cash pfowdgj by irNÈStng actmtses 14.912 Ch•ng8 In cash and ea8h •wlvalents In the reporting ￿riod Ca$h cash equivolents at the beginnlng of the reportlng period 18.2751 135.187 Ca$h and cash eqwaknnts at the end of th* r¢porUng period 216,298 126.912 The Th)tes lorn part 0ftr￿ fin¥Kial statwnents Page 12

THE CHRISTADELPHIAN MAGAZINE AND PUBLISHING ASSOCIATION NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 RECONCILIATILY4 &C NET TO IET CASH FL(Y•V FROM OPERATING ACTMTIES 202S 2024 Net Incom• for th• r•portlNJ period l•$ w the StaM￿oI Finandal A¢t1vi￿•s1 Adjustments for. Deye¢thJn cafges Interest rtteived Deuease n mvestrnents DepreaatKJn rourklirYJ De¢xeasellincreasel in strxs Increasè n dèbtors De¢¥ea5e n cseAors 106.280 24,844 8,136 115.786) {11,318) 18.646 13) 158,308) 111.299) ,r15 15.188 {61M36) Nel ¢a$h provlded byllused In) operntk 23 1871 AI&4LYSIS OF CHANGES IN NET FUNDS At 111r25 Cash l(A¥ At 31112126 Nèt ¢osh Cash at Wk in 126 216 298 Liquid Tesources Deposrts Induded in cash Current asset Investm￿5 319,014 18,646 319.014 18.646 Totsl Page 13

THE CHRISTADELPHIAN MAGAZINE AND PUBUSHING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 STATUTORY INFQRMATK)N The ChristaddFthian Mawr a￿1 PutAishing ASS￿at￿)n ts a chaptable ccfflpany wistered In Englat and Wales. The charrtabk company's reg￿tered charity nLrnLv. rewwed nLvnber arKI regk%tete(l offire a(Jress Gan be found in the refe￿nce aThJ adminLStrative de￿.15 sect)n ofthe Rewrt of ihe Truses. The pres￿11810n cUr￿cY oftl fin#rK4 atements is ts PCWNJ Wing1£1. ACCOUPrnNG POUCIES 8aslg of pr•paring tl financial 8tslements The fin8wal 5talemErts rf charrtatle cc¥npary, IS a benefit entity under FRS 102, have been prepared In acK0rdJ￿ wth the Chanbes SORP IFRS 1021 aryj Rgwting by Charibgs Stalemgfbl ¢1 Recommended Pra("¢e aoicatie lo chanties preparirKJ tsr accounts in %Mlh the Finanaal Reporting Standard 4)plicable in the UK ReputAic of Irrxl IFRS 1021 leffe£b¥e 1 J8rMAJy 20191,. Financial Reporting Standard 102 'The Financial RekxxDrvJ SlandaTd apklKalAe M) Ihe UK aThl Rep￿1￿ of Irelanrf and the c￿mpanieS Act 2(K￿. The financia statements have been prepared LTrYer the hi51orical o)5t convention, as m¢)Ylfi￿ by the reVuati￿ of(%rtain a￿et Financwl rgporting standard 102- rèduced dlsclosure exemptfiM8 The charilable wmpary has ten •JvanW of the dbsdogjre exemptp)n in p￿paring these finanoal $latements. as km)itted by FRS 102 The Fin￿cial Re￿rbn9 StsrKlard ÈppltstrAe in the UK and Rèpublic Of IrelarKr". the r8wi[￿n¢nts of Se¢ti¢M 7 Statem￿¢ of Cash Flrhvs. G¢ing c4)ncem Despite cOntin￿g deficats the twstees Cxywder thai Ilwe a￿ yrt4gm$ gong o)rwn du& lo thg level ol unrestricled g¢n¢ral lunds. The trustees MC￿ltOr ￿ charivs reserves policy aThY risk assessment. SIgnif￿antlUdVrnents The lollwrMJ judgement5 lap8rt trom Ilh)se invofvirg ests"mesl tsen m in ￿ pro¢9$s of aFS)tying the haiity's a¢¢wnb"ng policies thal have had the most sw'ficanl effecl arnounts recognised in the fin￿￿la1 statements.. Carrying Val￿ ol . when cabjlatro the stctk FWOv￿￿. m￿ge￿Ent ccm5iders nalure and condit￿n of stod(. logetsi with age of slo¢K and sales actmty. The carryir4J Val￿ of st￿[ al year end is £.4622. In¢ryne l inC￿e is recognised in SlatW￿nI of FIna￿la1 C#￿ chanty has entillement to the funds, it is probable that the income wll be recwved the arn￿1 w bE mÈasurÈd rNy. For lègathÈs. Ènb.￿m8rtt is the èarfier of charty bwwJ notified ol an impendirMJ thstn'butKJn ￿ the legacy being ieceNed. At this wnt income is recTraTh$ed. Income from trath"NJ acamles represents iroyne ewned to raise frJTrJs ftr Ihe ¢h8rty. IrKknme is rwived in exchange for sw)ptying 9￿d$ aThJ sayices in ¢)rder to rakse fuThJs is recow￿￿ when entidement has c¢curred. Deferred Incry The ¢harity has defe(red NKome in rdatJn lo ils magazN 5ubs¢n"rknM$ are rwabbÈ e¥h year on 1 January. The deferred In¢>)me is released to ts Strten￿t ol F￿￿n¢la1 ActNitss the yoa( ￿ a monlhly basis. Debtorn Trade detior5 and Oll*r detrlLYs •¢ rwnisgd * set11w￿ arno￿1 kss any (fiscoJnL Prepayments valued at the amowt kyoid. P￿e 14

THE CHRISTADELPHIAN IIAGAZINE AND PUBUSHING ASSOCIAnoN NOTES TO THE FINANCIAL STATEMENTS - G¢)ntinued FOR THE YEAR ENDED 310ECEMBER 2025 ACCOUNTING POUCIES- Contlnued Expenditiye Liablth'es are as èxpertSwe #s scth as Ilve 1$ 8 leg ￿ CLMtstrLKaNe otINJat￿ cC￿mrttiThJ the charity to that expendlure. rt is probaUe that a transfer of b￿fits will be wuired in setuernent and tre amount of thg obh'gat)n can be rneasured rekabty. ExpeThYiiwe is xC(￿led lor on an acuuals ba&s aThJ has been dassffied under headings that agwate all cost related to the ¢g0ry Where costs ¢annr)t be direcuy attiibuted to partKular CreditryB Credrtors are reownised a s¥e5ent ot4gakn resuAiThJ from a past event that wll probably resul n the transfer of fuThYs to a f￿d party •KI tt thje to sdye the OtA1￿￿.0n can be measureA or estimated reliajty Credrtors are reoJgThs&J at th&r sethmerf amount Allocatlon and appcrtlorffi•nt ol ea•ts The costs of the tharty have been appO￿On&j on t￿ ba¥ of amount of bm ynl on ¢a¢h i¥ty.This may be Tanglbl• flx•d as#•ts DepreciatKJn is WOVKled at the ￿al rates in orderto write off asset o¥er its e4imat¢d us¢fil Ilfv. Fre8Md Fwo￿rtY Pbnl and machinery Fixturès 8n(J fthngs Computer ewwent 20% (ffi ￿st 10% on cost 33% on cfjst Tangible frxed assets are stated at cost or d8aned ctst less axjmvbted dereuatKJn. Cost M)dudes costs direcyy althlxJtalAe to makng the asset cJè of¢¥w"NJ as ￿ter￿Jg￿. The Val￿ of laThJ m resp&# of fvethyd kYcf)erty thkwated. Investmnt propgrty Inv&slnnl wopety is ￿bjded at fa￿ at Ihe baarKe SW dale. An (yen m*et bg5i$ of v"on is deweil to represenl f•rvak. Unraed gwns WKI losses on irNesbment represent th mov&menl in fair values the year aThJ are ¢red￿1&y or thar￿ to the statementol fin•KJa a¢b¥trs bas¢d vue 3t the yearthl. St¢¢bs Stoc¥s rewesenl goods fw ro5, are v4ued at cost less a wo¥isKffj agan5t slocs vknere quantit￿5 are wrded a5 hgh in rekton to the exFecae(I W of sale5 valuod at tr l¢yAtr of cost net realisatle value. Inve[r￿lS are Sho￿ LTrJer c￿ent assets at ¢¢￿t •e made ￿ of Lwk depot ￿)Unts vA)i¢h are held f Investment purFose5. Taxion Thed)8rty ts exempt frorn CL¥ForalJn tsx ilschtle F￿d a¢¢ountlng Restncted fLm(L8 can t used f¢r rest￿ p￿r[￿eS within the objects ol the charity. ReslricthJ)s anse when specJfi&J by ¢j￿r or vth¢n luThJs ar& raised ts pbrAJlar Design8ted are ￿reStrthd fLThls $¢4 aswje thstr¢bon Oltho tr￿10*5 fty spetsfi¢ Page 15

THE CHRISTADELPHIAN MAGAZINE AND PUBLISHING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OECEMBER 2025 ACCOUNTING P(LI¢IES- c(XLllnyed Fund accounting Further exisanabon ofthe nature and purpose ol each f￿¢Y LS I￿jUd80 sn the ￿￿￿5 to the fmancgal statements. Pn￿Ort costs and )th•r post.y￿r￿￿tnt bvfits The chantaue cornpany operates a defird (OntsityjlK￿ sthme Contnbulion$ payawe to Ihe th8ntstAe Compan￿$ pension Sch￿ are charged to the Staiement ol Finaroal in the pwiod to wknch th&y relale. Financial in¥trurnents Financial instrumenl5 are das5ifigJ a￿Urted to Ihe sub518￿ ofthe oxtractual arraroen7ent, as either fjnanaal assets fin8ncB! IK)IhtEs or equity inslrlments An eqwty Instrwllenl 1$ any (y)rtr¥¥l that everKes a ieydu interest In ts assets ol the cunwy aftw all of its Iiabhknes. DONATrONS AND LEGACES 2025 2024 DonatI￿YJ Legacies 167,354 82.356 39.354 121.710 The charity benefits frorn IrNdvThnl of voluntews truste￿ delaI5 01 vknich are given in ￿ annua repcfft In aeLordancè with FRS102 thè Chanbes SORP IFRS1021. economic ContribJty.￿ of vdunteèrs Is not fecognised ￿ these financjal stslernerls. aLso benefits trom donati￿$ of secondhand t)¢s for res. thè proceed$ ol v￿ch a￿ cefiectej in Irom ¢￿ide INVESTMENT INCOME 2025 2024 Rènts rèceived Oepogt accwnt interest 30,328 28 835 15.786 44.W21 Page 16

THE CHRISTADELPHIAN MAGAZINE AND PUBUSHING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 INCOME FROM CHARITABLE ACTivmES 202S 2024 Clwn publub.or Outside publutscffis Magazines Other ly￿e Iin(*KIry design and print) Booklets 112,227 47,995 111801 108.441 55,421 119.083 Outswje wtlKatw$ Magazbnes Other and 8c4)klets 16.284 22.295 313.035 CHARITA8LE ACTJVITIES COSTS Oirect rA)sis {see nlrte n Support costs Isee rKrte 81 Total$ vn publi¢atiw5 Outside publicatior Magazines Other income lindLk1ry w"rt) Bo0￿ets 172.512 70.793 112N85 62.176 21.344 20,987 4.724 2.188 4723 5,280 1.478 177.236 72.981 117.208 67.456 22.822 21.794 460297 DIRECT COSTS OF CHARifA8LE A￿mTrES 2025 2024 Staff costs Rates aThJ vrder Insurance Light aThJ heat TdeplKSne Postage and staknery Advertising Sundries Own publicatsons- purchases Outside pubhcab'ons PLwthases Magazines purctha Websile costs Comwter ex￿nSeS Cleaning Premi8e8 expense5 Book￿15 wr¢hases Bo0kkee￿ng 203.076 3.144 4.519 6.355 610 143B 600 4.625 105.822 63,666 27.252 8,729 14.755 &073 1,559 229.796 3,789 3.711 15,4 1.845 2.030 1,5CKJ 3.930 40,545 53,944 44,929 2,334 9,589 4.730 6.259 Page 17

THE CHRISTADELPHIAN MAGAZINE AND PUBLISHING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDEO 31 DECEMBER 2025 SUPPORT COSTS GovernarKp costs Totals pUbIu￿nS C￿t￿de putrJicatior6 Magazines Other Imdudiry de5pJn a￿[ wrrt) Booklets Adv15Crfy 890 412 889 994 278 1S2 4.724 2.188 4.723 6.280 1,478 807 1.776 4.286 1200 Support costs. incI￿￿ed in the atoNE. are a5 fc4ScNA" other income lindu¢Jing design 8n(J Fxinti bI￿akn$ Magazines Bank Charges O¢preciation ol tangt Ixed aS￿ts Trustees, rerrunerabon etc AccWn1an￿ 8￿j l lees 2.258 1.676 92 2,258 1,576 92 797 2,524 1.762 103 891 730 2025 Total acbvtties 2024 T(>t81 acbvibes Bank charges Depreaalion of tangble fixed assets Tru5tee5' remunerabon et¢ Accojntsncy and legal lees 707 493 9,179 8,835 8,136 335 16 136 375 249 19,200 NEf INCOMEIIEXPENCMTUREI Nel bnc0rnellex￿ndItureTr is 5tsted after cha￿￿r￿(lYed￿"rKj1 2025 2W24 Deprecjati￿- owned assets 7,772 8.133 Page 18

THE CHRISTADELPHIAN MAGAJNE AND PUBLISHING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 10. TRLBTeES' REMUNERATION AND BENEFITS There no trustees. rem￿￿31￿￿) ot oitw bpnefits the year erwJ&J 31 DecEmber 2025 nor for Ihe year ￿￿ed 31 Oecember 2W24. 2025 2024 375 335 Trustees exFwnses were incwred inthe cowse of bAirss ￿ 1 trLtsl8è rec8Ned p8ymenl12024". 1 trustee) . 11. STAFF COSTS 2025 2024 Wage5 and salaries Soa"al sécurity ￿)Sts Other per1￿ costs 18S,469 9,696 204,726 12.762 203.076 229,7 Thtr average mcffiiNy rMThber ofemrltrffts Ihe yewwas 85 k4k)w5.' 2025 2024 Editors pU￿lsh￿g olke staff No emFloyees reC￿d en￿￿n￿ty in exces5 ofW.C The full time ewivalent of1￿ aLwJ¥e t(W staff SI2￿24. n The key m￿a9ernent pe￿Onnel of the chanty ccfflpnse Ihe Eth'tor Aw'stat)t Editor. The totsl empkiyae ￿nefitS of the key Manage￿Al personnd of the tharity to £81.IA512024. £86.ODSI. Page 19

THE CHRISTADELPHIAN MAGAZINE AND PUBUSHING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 11 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestncted ReslrKknY funds Total lunds INCOME AND ENDOVVMENTS FR<XI D￿ationS and lega￿e$ 121,702 121,710 Charltable activities Yn pU￿icat) Outside publirab"¢ Magazines Other income lincJding desww ar¥J pnrti Btxiklets 1Q8.441 55.421 119.(￿3 22.295 7.795 108.441 55,421 119,083 22.295 7.795 20 Investrnenl In￿Me 44.621 44 621 Tot•1 479.338 28 479,X6 EXPENDMJRE ON Charitablg ￿tIvitIeS ¥n publicaknns Oul%de publicab.ons Magazines Other Income Iincjuding ¢Jesw arKJ prirt) Booklets Adwsory 113.621 83.125 128.630 78. 25.768 113,621 83,125 129,￿8 78,860 25,768 24 140 378 Tot¥1 378 454 522 NET INCOMEIIEXPENDrriiRE) 25.194 1&501 24,844 RECONCILIATION OF FUNDS Total fun(ts bioughl brward 1,￿,218 3,483 1,059,701 TOTAL FUNDS CARRIED FORWARD 1 fA81412 Pagè 20

THE CHRISTADELPHIAN MAGAZINE AND PU8USHING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THE YEAR ENDED 31 DECEMBER 2025 13. TANGIBLE FIX￿> AsseTS F￿t￿t$ aThJ Freehcld Pknt Compul eq￿prn￿t T0ts15 COST At 1 January 2￿25 370.C 739 16 38.624 44202 At 31 De￿mber 2￿25 370.( 739 1￿39 43.878 DEPRECIATION At 1 January 21Y25 Charge for 739 15295 37269 93,263 At 31 Decemtw 2025 739 NET BOOK VALUE At 31 Decemter 2025 325.60 At 31 D￿Mi￿ 2024 332 939 Induded in cjjst or val￿t￿￿ cl laThJ t￿l￿￿ryS is fr88W of £148.oc￿ 12024 . £148.LK(J) which is not depreaate 1ftr￿ freehold proFerty had ncl teen rvrd rtMwbJ hale Lw) irvjutsd al thg fcknirwj hislorK c(*t, 202S 2024 67.130 gregate de￿atson 45.051 Freohold knd bJ"lrfings were value4J on mattet basis on 31 December 2015 by an independent voluer. Under FRS 102 tran$itio) Itwas ebded to adLWt Ihe reveknd arrwnt as deemed c051. 14. IIirfE8TMENT PROPERTY FAIR VALUE At 1 January 2025 and 31 Decemter 2￿25 NET BOOK VALUE At 31 December 2025 At 31 Decemb8r2024 Page 21

THE CHRISTADELPHIAN MAGAZINE AND PUBUSHING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 OECEM8ER 202S 14. INVESTMENT PROPERTY. contlnued Fair Val￿ at 31 December 2025 Is rewewted ty. valuab.￿ in 201S VJUaty￿j in 2021 242,500 Investment was ¢)n an ma¢k¢t b•* ¥$ at 31 O¢¢¢mber 2021 by a kyolessional vahjer. The trustee's have cewewed this valuath)n aThJ they consthr rt to sbl te 4)w￿ate as of31 De￿Mb￿ 2025. The Pwstorical cosi ofthe asset as at 31 tlecwnber2025 arknj 21rd4 Wds £24.256 15. STOCKS 202S 2024 Stock5 16. DEBTORS: Alloi￿s FALLING DUE IMTHIN ONE YEAR 2025 2024 Tr&Ye debtcKs Other del)tors VAT Prepayments 10.894 65.753 17.222 159 3.820 29.19) 17. c￿1RENT ASSET INVESTMEIITS 2025 2024 OthÈr 319,014 The imiesbM￿ts consist ofcash on de[￿t In the UThled lthngjom Page 22

THE CHRISTADELPHIAN MAGAZINE AND PUBUSHING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 310ECEM8ER 202S 18. CREDITORS: AMOUNTS FALLING L)LE WtTMM CIE YEAR 2025 2024 Trade uethlors Soaal secunty and Ol￿r taxes Other credlors Accruals and defarrtd Irbyj 9.237 4,005 3,779 72.094 9,929 4.925 5.225 69.081 Accrua& and defettwj income £62.778 r2024. ￿.495) In of rnaga2w)è Subs￿p￿.0nS 8 nowatAe in January eath year.The deferted rwxme ts rdeased tlwhwt year cffi a morthly b￿s. 19. IIOVEIIENT IN FLWDS Tr8nsf8rs betsveen funds [Th)￿Dent l￿dS At 31112r25 At 111r25 Unrntstiicted fuThl8 General fijnd Revakjatm reserve Fair vakne resorve 553.999 309.168 218,245 105.053 3,097 13,097) 662.149 306.071 218.245 1J)81A12 104053 1.186A66 Re$lrl¢ted funds Hage fund 1133 1139) 2.994 TOTAL FUNDS Net movement in Illlth. Nic￿¢￿ 8t0￿ We as Incoming Resources Movement in lunds Unr•8tsf¢i•d funds Gwwal fvnd 585.916 1480.8631 100.053 Restrlct•d fvr Hage fLThJ (1391 1139) TOTAL FIMS 5B5.T17 23

THE CHRISTADELPHIAN MAGAZINE AND PUBLISHING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 310ECEMBER 2025 19. MOVEMENT IN FUNDS. contlnued Comparatfves for movement In lunds Nel Tr8r6fers At 31112124 At 111124 in ftjnds nd5 Uryestricted fund¥ General fund Revaluation reserve F14r value re5erye S2S 708 312.265 218.245 25.194 3.097 13,0971 $53 999 J9, 168 218,245 1.056.218 25.194 1,081.412 Ro¥tri¢ied fvnds Hage fvrY 13501 3.133 TOTAL FUNDS 1.059.701 24.844 1.W.545 Comparatwe mt movemert in fuThJs. iKlwJed In we as fdkvts". IrKom Resource5 expendod Movemenl in t￿)d$ u￿s￿l¢tod lunds General fvJThY 479.338 1454.1441 25,1 Restrlcted fvnds Hage furwj 28 13781 13501 TOTAL FU￿8 475,366 24,844 Restrlcted fund& H¥gtr fund Th1$ ￿p￿SentS n￿leS dcTrted for the we of certain irKlvKluals and C￿lSationS to SLkns¢ribe to the A5Stsiath'5 magazine wlK• may othèThMsÈ be unabbe to do w. Tr•n$l¢rn b•twn fvnd$ Ounng the yw £3.097 was tr￿$1￿rred from ￿ reval￿1)n reserve 10 ge￿ra4 reserves bemg Ihe exce5S depreCIatrc￿ charge on the revalued arr￿Int ol tr￿h0￿￿ wopety cNerthe histMC thsl depreciation chargÈ. Page 24