THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY,
BIRMINGHAM
TRUSTEES, AND DIRECTORS, REPORT
AND AUDITED FINANCIAL STATEMENTS
31 DECEMBER 2023
(Reglstered Company Number: 001139121
(Re8iStered Charity Number.. 702637)
*AD8ty27BDty
2410712024
COMPANIES HOUSE
A15

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity name
The Christadelphian Hall & Buildings Society,
Birmingham. also known as CHBS
Charlty reglstratlon number
702637 (England and Wales)
Company registration number
00113912 (England and Wales)
Reglstered and prlnclpal office
15 Church Close
Dunston
Stafford
ST18 9AF
Trustees and Dlrectors
A S Firth- Secretary
D C Gouldingay- Treasurer
S J Ashton
M G Green
S P Griffiths
K H Rawlings
J Thompson
Bankers
HSBC plc
130 New Street
Birmingham
82 4JU
Solicitors
Shakespeare Martineau LLP
I Colmore Square
Birmingham
B4 6AA
Investment adv5ser
Portcullls Financial Planning Limited
Office 10 GreenBox
Westonhall Road
Stoke Prior
Bromsgrove
B60 4AL
R C Brown Investment Management PLC
l The Square
Temple Quay. Temple Back E
Redcliffe, Bristol
8SI 6DG
Auditor
BK Plus Audit Limited
Azzurri House
Business Park
Walsall Road
Walsall
WS9 ORB

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
TRUSTEES, AND DIREcfoRS' REPORT
The Directors have pleasure in presenting their annual report and the financial statements of The
Christadelphian Hall & Buildings Society, Birmingham for the year ended 31 December 2023.
All Directors of the Society are also Trustees for the purposes of charity law; accordingly, in this
report and in the financial statements 'Trustees" means both Trustees and Directors.
This report and the accompanying financial statements have been prepared in accordance with
the accounting policie5 set out in the notes to the financial statements and comply with the
Society's governing document, the Charities Act 2011 and Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland,
Charities SORP {FRS 1021 (second edition).
Strurture, Governance and Management
The Christadelphian Hall & Buildings Society, Birmingham is a company Ilmited by shares with
charitable status. It has a Board of seven Trustees who are responsible for the governance of the
charity in accordance with the Charities Act 2011 and under the Societvs governing document,
Articles of Association, prepared in accordance with the Companies Act 2006. The governing
document was last amended on IS February 2021.
Trustees are typically elected for a three-year period by the Society's members having regard to
their professional skills and experience. When a vacancy on the Board arises, nominations for a
replacement may be made either by the other Trustees or by members for election at the next
Annual General Meeting.
By way of training, all Trustees are encouraged to read relevant available literature on charity law,
practices and accounting including updates published by the Charity Commission on its website.
New Trustees are additionally encouraged to attend Trustee meetings as observers before taking
office. Relevant training course5 are also encouraged and occasionally arranged in-house.
Day to day running of the charity is delegated by the Trustees to the Secretary, Alistair Firth, who
is assisted in overseeing the CharIt￿S operations and finances by the Treasurer. David Gouldingay,
and Simon Griffiths, who takes the lead in property acquisitions and disposals. Internal controls
appropriate to the size of the charity are exercised, including division of duties (to the extent
feasible) and an internal audit is undertaken annually by one of the Trustees.
The principal risks to which the charity is exposed, as identified by the Trustees, have been
reviewed and systems or procedures have been established to manage those risks. These risks
are primarily financial risk5 arising from the management of the charitvs properties, loan book
and treasury operations.
The Trustees meet online at least four times a year and, between regular meetings, remain in
regular email or telephone communication with the Secretary and Treasurer over new loan and
grant applications and any other business arising.
Objectlves and Activities
The objects of the charity are to promote and advance the religious work of the Christadelphian
community for the public benefit, in particular through the provision or purchase of properties,
and the lending (where legally permissible) or granting of funds. mainly towards the cost of
purchasing, building or maintaining premises and land, in each case for the use of the
Christadelphian community in providing access for the public to worship and Bible-based
preaching and teaching. Grant support for the running costs of Christadelphian ecclesias may also
be provided.

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
TRUSTEES, AND DIREcfoRS' REPORT- continued
The Trustees review activities each year to ensure the charity remains focused upon delivering its
stated objects for the public benefit.
Public Benefit Com
liance Statement
In the exercise of their powers and duties for the Society's charitable objectives the Trustees have
reviewed and had regard to the Charity Commission general guidance on public benefit.
The grants, concessionary loans and rent-free property provided by the charity continue to
benefit the access of the general public, regardless of race, religion, gender, ethnic or social
background, to the Bible-based worship, teachings and Christian love of the Chrlstadelphian
community throughout the UK and, to a lesser extent, overseas. These help to promote a fuller
understanding of the human condition, relative to the eternal things of God, and sende to provide
members of the public with direction, balance and purpose in today's complex world.
Achievements and Performance
The way applications arise for financial support makes it difficult for the Trustees to set
meaningful objectives against which performance can be measured. However, an annual budget
Is prepared and, as applications arise, the Trustee5 respond promptly other than where policy
.decisions arise which require the decision of a full meeting of the Trustees.
The provision of this sUPPOrt helps to ensure that appropriate premises remain available for
promoting and advancing the religious work of the Christadelphian communitv.
During the year donations received included non-cash donations in kind of 5 (2022 6)
Christadelphian halls, and one other property (2022 - Nil), with total FRS102 gift values of
£992,619 (2022 £1,061,745). Net gains on the sale of 3 (2022 2) vacated ecclesial halls
reali5ed further income of £171.000 (2022 - £105,8621.
No new loans were advanced to ecclesias in the year12022 - £Nil).
Grants from unrestricted funds were made with a total value of £339,240 (2022 £240,387).
Grants from restricted funds in the year were made with a total value of £286.085 {2022 - £Nil).
Loan repayments received in the year amounted to £5,666 (2022 - £18,320). A further £Nil (2022
£63,056) of loan balances were settled by non-cash grants from the Society.
At the year end, the Society owned 10 {2022 8) fixed asset properties, let rent-free to their
ecclesial occupiers under its charitable objects.
The Society continues to be in discussion with l {2022- a number of) ecclesias expressing interest
in gifting their ecclesial halls to the Society for nil consideration and then leasing back that hall, for
continued ecclesial use, on a rent-free basis. Discussions are currently in progress with l {2022 -
number of) eccle5ias considering a possible future property gift to the Society for resale.
The interest of certain ecclesias in offering the Society property 8ifts is driven by two main factors:
(l} a shortage of willing property holding trustees; and {2) ageing ecclesial membership which
foresees ecclesial closure within the medium term and wishes to protect property proceeds from
tax risks for the long-term benefit of the Christadelphian community.
At 31 December 2023, 1 (2022 - 5) proposed property gifts were at a sufficiently advanced stage
to warrant noting as a Contingent Asset in Note 17 to the Financial Statements.
,At the end of the year the charity had outstanding loans to Christadelphian ecclesias of £21,467
{2022 - £27,133).

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY. BIRMINGHAM
31 DECEMBER 2023
TRUSTEES, AND DIREcfoRS' REPORT- continued
Flnanclal Revlew
The charity receives voluntary income donations, including periodic legacies or other lump sums.
together with investment income. During 2023 the charity received unrestricted donations
(including property gifts) of £706,630 (2022 - £1,061,946>. Restricted donations received in 2023
amounted to £286,025 (2022
Nil). The charity has no employees (2022 Nil) and no
emoluments were paid to the Trustees during the year {2022- Nil).
Income and ex
enditure
Net income for the year was £381,672 (2022 - £811,072) and there were net realised and
unrealised gains on investments of £185,93812022 - £112,794). This included exceptional gains
on sale of investment properties of £171,000 (2022 - £105,862). This resulted in a total increase in
unrestricted funds of £561,185 (2022 - £922.908) and a total increase in restricted funds of
£6,515 (2022 - £958).
The Society is prohibited by its Articles of Association from paying dividends.
Transfers between reserves
During the year there was no {2022 - 1) transfers from restricted income funds to unrestricted
funds for Nil (2022 £8,3471 upon reaching the date when donor restrictions ceased to apply.
Transfers between the unrestricted general fund and the unrestricted revaluation reserve are set
out in note 15 to the financial statements and arnounted to £178 to revaluation reserve (2022
£10,200 from revaluation reserve). In the year £455,068 (2022 £747,816) was also transferred
to the unrestricted non-distrlbutable reserve from unrestricted general fund in relation to
property gifts received in the year.
Reserves
ollc
General reserves are required to fund: la) the charity's core loan-making activities, which may be
up to £250,000 {2022- £250,0001' Ibl up to three years, running costs of around £670,00012022 -
£590,0001 assuming annual grant payments of around £200,000 {2022 - £175,000): and (3) up to
£250,000 (2022 - £250,000) to fund the prospective purchase of a hall for an ecclesia having many
members or visitors who are asylum seekers or refugees with little or no income. Any reserves in
excess of this level are applied to making further grants, which meet the grant-making criteria of
the Charity Commission and the charity, at the earliest practicable date. Free reserves at the
year-end comprised the general fund of £1,103,292 (2022 - £997,353), which are currently below
the level of general reserves required.
Transfers from restricted income funds to unrestricted income funds are only made when the
conditions imposed by the relevant donor have been met.
Gains arising from property gifts in kind to the charity are transferred to the non-distributable
reserve until realised.
Revaluation gains on quoted investments are transferred to unrestricted revaluation reserve until
realised.
New property gifts in kind are valued in the accounts after deducting from current professional
valuation net present value discounts relative to the estimated future dates on which values can
be realised in cash. These gift values are then transferred from general fund to a non-
distributable reserve until realised. Annual reductions in discount relative to future realisation
dates are treated as revaluation gains in the general fund and then transferred to the non-
distributable reserve.
The amounts of restricted, unrestricted, revaluation and non-distributable reserves held at the
end of the year are respectively set out in notes 14 and 15 to the financial statements.

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
TRUSTEES, AND DIREcfoRS' REPORT- continued
Investment
erties held for resale
Investment properties periodically held for resale and are marketed for onward sale at the time,
and in the manner, recommended by professional advisers.
ro
Investment olic
and return5
Investments are managed by the Trustees in conjunction with Portcullis Financial Planning Ltd and
by R C Brown Investment Management PLC, on a discretionary basis within prescribed criteria.
Investments are held in medium term balanced risk investments, for funds not required in the
short term, and in fixed interest term deposits or interest-bearing instant access bank accounts,
for other funds, so that approved new loans and grants can be paid promptly.
Net assets
At 31 December 2023, the Society held net assets of £2,596,704 (2022 - £2,029,004) available for
appropriate ongoing charitable activities, subject to the donor restrictions set out in note 14 to
the financial statements.
The
ear ahead
Based on its financial forecasts the Trustees anticipate having sufficient financial resources to
continue delivering the Society's charitable objects, God willing.
Fixed Assets: Programme Related Investments
Programme related investments are carried in the financial statements at either the FRS102 value
gifted or the amount paid less, in the case of concessionary loans, repayments received, and less
any impairment arising. In the opinion of the Trustees no such irnpairment had arisen at 31
December 202312022 - Nil).
Responsibilities of the Trustees
Company law requires the Trustees to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charitable company as at the balance sheet
date and of its income and expenditure for the financial year. In preparing those financial
statements, the Trustees should follow best practice and..
select suitable accounting policies and then apply them consistentlyi
make judgements and estimates that are reasonable and prudent; and
prepare the financial statements on a going concern basis unless it is not appropriate to
assume that the company will continue on that basis.
The Trustees are re5pon5ible for maintaining proper accountin8 records which disclose with
reasonable accuracy at any time the financial position of the charitable company and to enable
them to ensure that the financial statements comply with the Companies Act 2006. The Trustees
are also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
TRUSTEES, AND DIRECTORS. REPORT~ continued
Trustees and their Share Interests
The Trustees who held office during the year and their beneficial share interests (including fathilii,
interests) at the end of the year were as follows:
Non-voting
directors,
shares of
£1
2023
Non-voting
directors,
share of £1
Ordinary
shares of
£1
2023
Ordinary
shares of
£1
2022
2022
S J Ashton
ASFirth
D C Gouldingay
M G Green
S P Griffith5
K H Rawlings
J Thompson
12
13
13
13
12
13
12
347
348
348
348
347
348
347
12
13
13
13
12
13
12
347
348
348
348
347
348
347
The companvs Articles of Association require each Trustee to own a minimum share qualification
of S Ordinary shares of £1 each.
None of the Trustee-owned shares have any dividend or capital entitlements so are of no
economic value to their holders.
Trustees and their Share Interests
The Trustees approaching the conclusion of their three-year appointments under the Society's
governing document are Mr S J Ashton and Mr S P Griffiths who will offer themselves for re-
election at the 2024 Annual General Meeting, God willing.
Small company provislon5
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act
2006 applicable to companies subject to the small companies, regime.
This report was approved by the Board on 30 May 2024 and signed on its behalf by..
ASFirth
Secretary

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CHRISTADELPHIAN
HALL & BUILDINGS SOCIETY, BIRMINGHAM I'the Companv)
Opinion
We have audited the financial statement5 of The Christadelphian Hall & Buildings Societv,
Birmingham (the 'charitable company,) for the year ended 31 December 2023 which comprise the
Statement of Financial Activities, Balance Sheet and notes to the financial statements, including a
summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financiol Reporting Stondord opplicable in the UK and
Republic of Irelond (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 December
2023, and of. its incoming resources and application of resources, including it5 income and
expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Bas15 for opinion
We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS IUKI)
and applicable law. Our responsibilities under those standards are further described in the
Auditor's responsibilities for the audit of the financial statements section of our report. We are
independent of the charitable company in accordance with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC'S Ethical .Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.
Concluslons relatlng to EolnE concern
In auditing the financial statements, we have concluded that the trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating
to events or conditions that, individually or collectively, may cast significant doubt on the
charitable company's ability to continue as a going concern for a period of at least twelve months
from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CHRISTADELPHIAN
HALL & BUILDINGS SOCIETY, BIRMINGHAM ('the CompanV)- continued
Other information
The trustees are responsible for the other information. The other information comprises the
information included in the trustees, annual report, other than the financial statements and our
auditor's report thereon. Our opinion on the financial statements does not cover the other
information and, except to the extent otherwise explicitly stated in our report, we do not express
any form of assurance conclusion thereon.
In connection with our audit of the financial statement5, our responsibility is to read the other
inforrnation and, in doing so, consider whether the other information is materially inconsistent
with the financial statements or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there Is a material misstatement in the
financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing to report in this regard.
Oplnlons on other matters prescrlbed by the Cornpanles Art 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report (incorporating the directors, report) for the
financial year for which the financial statements are prepared is consistent with the financial
statements; and
the directors, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exceptlon
In the light of our knowledge and understandin8 of the charitable company and its environrnent
obtained in the course of the audit. we have not identified material misstatements in the
directors, report.
We have nothing to report in respect of the following matters in relation to which the Companies
Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us: or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of directors, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY. BIRMINGHAM
31 DECEMBER 2023
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CHRISTADELPHIAN
HALL & BUILDINGS SOCIETY, BIRMINGHAM ('the CompanV)- continued
the trustees were not entitled to prepare the financial statements in accordance with the small
companies, regime and take advantage of the small companies, exemption in preparing the
directors, report
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement set out on page 13, the trustees
{who are also the directors of the charitable company for the purposes of company law) are
responsible for the preparation of the financial statements and for being satisfied that they give a
true and fair view, and for such internal control as the trustees determine is necessary to enable
the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related to
going concern and uslng the going concern basis of accounting unless the trustees either intend to
liquidate the charitable company or to cease operations, or have no realistic alternative but to do
so.
Audltorfs responslbllltles for the audlt of the flnanclal statements
We have been appointed auditor under the Companies Act 2006 and report in accordance with
this Act.
Our objectlves are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is
not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on
the Financial Reporting Council's website at". www.frc.org.uk/auditorsresponsibilities. This
description forms part of our auditor'5 report,
Extent to which the audlt was consldered capable of detertlng Irregularltles, Includlng fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our procedures are
capable of detecting irregularities, including fraud, is detailed below.
10

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CHRISTADELPHIAN
HALL & BUILDINGS SOCIETY, BIRMINGHAM {'the CompanV)- continued
From the preliminary stage of the audit, we ensure our understanding of the entity is up to date.
This includes, but is not limited to, current knowledge of their activities, the business and control
environments, and their compliance with the applicable legal and regulatory frameworks. This
information supports our risk identification and the subsequent design of audit procedures to
mitigate those risks. ensuring that the audit evidence obtained is sufficient and appropriate to
support our opinion.
In response to the risks identified, specific to this entity, we designed procedures which included,
but were not limited to:
Enquiry of management and those charged with governance around actual and potential
litigation and claims.
Reviewing minutes of meetings of those charged with governance, if available;
Reviewing financial statement disclosures and testing to supporting documentatlon to assess
compliance wlth applicable laws and regulations;
Auditing the risk of management override of controls, including through testing journal entries
and other adjustments for appropriateness, and evaluating the business rationale for
Significant transactions outside the normal course of business.
Use of our report
This report is made solely to the charitable company's members, a5 a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
mlght state to the charitable companws members those matters we are required to state to them
in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not
assume responsibility to anyone other than the charitable company and the charitable company's
members as a body, for our audit work, for this report, or for the opinions we have formed.
3kFI.
Chrlstopher Hesslon C.A, (Senlor Statutory Audltor
Date: 30 May. 2024
For and on behalf of BK Plus Audit Limited
Azzurri House
Walsall Road
Aldridge
Walsall
WS9 ORB
11

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
STATEMENT OF FINANCIAL ACTIVITIES
including Income and Expenditure Account
for the year ended 31 December 2023
Unrestritted Restricted
funds
funds
Total
2023
Unrestricted Restricted
funds
funds
Total
2022
Note
Income from:
Donations and legacies
Charitable actlvities:
Insurance rechar8es
receivable
Investments-.
Bank interest receivable
Dlvldends and other
bonuses receivable
Rent receivable
706,630
286,085
992,715
1,061,946
1,061.946
9,678
9,678
6.419
6.419
12,152
6,515
18.667
1,138
958
2,096
6,828
3,170
6,828
3,170
2.731
20
2,731
20
Total income
738,458
292,600
1,031,058
1.072.254
958 1,073,212
Expendlture on:
Cost of ralsing funds
Investment mana8ers fees
Charitable activitie5'.
- Grants payable
Insurance payable
-support costs
1,859
1,859
1,963
1,963
339,240
11,788
10,324
286,085
625,325
11,788
10,324
240.387
7,30S
12,485
240,387
7.305
12,485
Total expenditure
363,211
286.085
649,296
262,140
262,140
Net Income before
Investmenl 8alns
375,247
6,515
381,762
810,114
958
811.072
Net gains on investments
185.938
185,938
112,794
112,794
Net Incom• and net
movement In funds
561,185
6,515
567,700
922,908
958
923.866
Release of restricted funds
to unrestricted funds
8,347
{8.3471
Reconcillatlon of funds:
Total funds brought
forward
1.865,439 159,565 2.025,004
934.184
166,954
1,101,138
Total funds carried forward
2,426,624
166,080
2,592,704
1.865.439
159.565
2.025,004
The statement of financial activities is not materially different from the income and expenditure
account required by the Companies Act 2006; accordingly, no separate income and expenditure
account is presented.
There are no recognised gains and losses for the current or prior financial years other than as
stated above. Accordingly, no statement of total recognised gains and losses has been prepared.
All of the activities of the company are continuing.
12

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
Company Reglstration Number: 00113912
BALANCE SHEET
at 31 December 2023
Note
2023
2022
FIXED ASSETS
Programme related Investments:
Land and buildings
Loans
Investments:
Investment Pfopertv
Quoted
Bank term deposits
1,273,508
21,467
908,396
27,133
118,781
322,101
255,000
1,990,857
187,632
170,000
1,293,161
io
CURRENT ASSETS
Debtors
Cash at bank
11
14,658
595,704
610,362
4,515
15,404
730,618
746,022
10,179
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
12
NET CURRENT ASSETS
605,847
735,843
TOTAL ASSETS LESS CURRENT LIABILITIES
2,596,704
2,029,004
THE FUNDS OF THE CHARITY
Called up share capital
Accumulated income funds".
Restricted funds
Unrestricted funds:
General fund
Revaluation reserve
Non-distributable reserve
Total unrestricted funds
13
4,000
4,000
14
166,080
159,S65
15
15
15
1,103,292
32,935
1,290,397
2,426,624
997,3S3
32.757
835,329
1,865,439
TOTAL CHARITABLE FUNDS
2,596,704
2,029,004
The Trustees acknowledge their responsibilities for:
(11 ensuring that the charitable company keeps accounting records that comply with Sections
386 and 387 of the Companies Act 2006; and
(2) preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of its surplus or deficit for each
financial year in accordance with the requirements of Sections 394 and 395 and which
otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements. so far as applicable to the charitable companv.
13

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
BALANCE SHEET
At 310ecember 2023 - continued
These financial statements have been prepared in accordance with the provisions of Part 15 of
the Companies Act 2006 applicable to companies subject to the small companies, regime.
The financial statements were approved by the Board of Trustees on 30 May 2024 and were
signed on its behalf by:
D C Gouldlngay
Director
14

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY. BIRMINGHAM
31 DECEMBER 2023
NOTESTO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
ACCOUNTING POUCIES
Legal Status of the Charity
The Christadelphian Hall & Buildings Society, Birmingham is a company limited by shares
registered in England and Wales and a charity registered with the Charity Commission in
England and Wales.
Basls of Preparatlon
These financial statements have been prepared in accordance with the Statement of
Recommended Practice applicable to tharities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland, Charities
SORP {FRS1021 (second edition - October 20191. The detailed accounting policies in use are
described below:
The charity meets the definition of a public benefit entity under FRS102. Assets and
liabilities are initially recogni5ed at historical cost or transaction value unless otherwise
stated in the relevant. accounting policy notes. Management judgements about the net
present value of certain property gifts in kind may significantly affect gift values recognised
in the financial statements- see Gifts in kind below.
The charity maintains financial forecasts which indicate that it will have sufficient resources
to meet its liabilities as they fall due and, on that basis, the Trustees are satisfied it is
appropriate to prepare the financial statements on a going concern basis.
Recognltlon of Income
All income is included in the Statement of Financial Activities when the charity is legally
entitled to the income, its receipt is probable and the amount can be measured reliably.
Investment income receivable is allocated between restricted and unrestricted funds by
reference to the individual income-producing assets which make up those funds.
Gifts In klnd
Fixed and current assets donated for use by the charity are recognised as income at their
current value when receivable. The external valuations of some gifts are discounted to net
present value relative to future dates, either 5 or 25 years ahead, when management
estimates that realisation will take place. Investment properties held for onward sale are
stated at independently advised selling prices less estimated acquisition costs and estimated
disposal costs still to be incurred. Unrealised gains on fixed and current assets are
transferred to a non-distributable reserve until realisation takes place.
The charitvs balance sheet includes certain freehold land and buildings which were valued
at their cost to the charity prior to the adoption of the present accounting policy. Their
value has not been restated as the Trustees consider that the cost of ascertainin8 their
values, when gifted long ago, is not justified by the additional benefit such information
would provide to users of the financial statements.
Recognition of Expenditure
Expenditure is included in the Statement of Financial Activities on an accruals basis when,
and to the extent that, a liability, legal or constructive, is incurred and can be reliably
measured.
15

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
NOTESTO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
ACCOUNTING POLICIES- contlnued
Recognltion of Expenditure - continued
A constructive liability for a grant is considered to have been incurred when a grant offer
has been issued to the recipient ecclesia and all grant conditions have been satisfied.
Flxed Assets Investments: Programme Related Investments
Programme related investments are made to further the objects of the charity and not for
financial return. They comprise freehold properties held by the charity, let rent-free to an
occupying Christadelphian ecclesia as part of the charitvs primary work, and concessionary
loans to Christadelphian ecclesias for the acquisition, repair or improvement of premises
and land for use by the Christadelphian community. Concessionary loans are unsecured and
interest-free and are repayable within a 12 year period from inception. Programme related
investments are measured in the balance sheet at the amount paid or FRS102 value gifted
less, in the case of concessionary loans, repayments received, and less any impairment
arising.
Investments
Investment properties held for onward sale are stated at their net realisable value on the
balance sheet.. Where these properties derive from gifts in kind, unrealised gains are
transferred to a non-distributable reserve.
Investment properties held for income, pendlng eventual sale of a connected programme
related investment property, are measured in the balance sheet at the amount paid or
FRS102 value gifted less any impairment arising.
Investments in quoted assets are stated at their fair value on the balance sheet date. Gains
or losses on revaluation and investment assets disposals are shown in the Statement of
Financial Activities. Unrealised gains are transferred to the revaluation reserve.
Long terrn investments are classified as fixed assets. Short term investments are classified
as current assets.
Fund Accounting
Funds which may be used in accordance with the charity's objects, at the discretion of the
Trustees, are held in unrestricted income funds. Restricted funds may only be used for the
purpose specified by the donor within the objects of the charity.
Cash at Bank
Cash at bank includes instant access deposit accounts and, unless shown separately on the
balance sheet, term deposits maturing within 12 months of the balance sheet date.
Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer.of funds to a third party and the
amount required to settle the obligation can be measured or estimated reliably. Creditors
and provisions are normally recognised at their settlement amounts after allowing for any
trade discounts due.
16

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
ACCOUNTING POLICIES- cont5nued
Financlal Instruments
The charity's financial assets and liabilities all qualify as basic financial instruments.
DONATIONS AND LEGACIES
Unrestricted Restricted
funds
funds
Total
2023
Unrestricted Restricted
funds
funds
Total
2022
These arose from the
followin8 sources:
Barnet Ecclesia - hall gift
for leaseback at nomlnal
rent
Bath Ecclesla - hall gift
for leaseback at nominal
rent
Portsmouth Ecclesia- h311
gift for resale on closure
Macclesfleld Eccle51a -
hall Eift for leaseback at
nominal rent
West Leed5 Ecclesia - hall
gift for resale on closure
Northampton Ecclesia-
hall gift for resale on
closure
St Albans Ecclesla hall
glft for resale on closure
Aylesbury Ecclesia- hall
gift for resale on closure
Shipley Ecclesia- hall glft
for leaseback at nominal
rent
Macclesfield Ecclesia-
house gift for letting
Shrewsbury Ecclesia - hall
gift for leaseback at
nominal rent
Ellwood Ecclesla - hall gift
' for leaseback at nominal
rent
Total under £7,500
546,533
546.533
220,328
220,328
106,060
106,060
212.120
178,007
178,007
170,744
170,744
10,000
180,025
190,025
123,638
123,638
119,797
119.797
132,492
132.492
109,231
109,231
38,896
38,896
12.553
12.553
96
96
201
201
706,630
286,085
992,715
1,061,946
1.061.946
17

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
CHARITABLE ACTIVITIES - GRANTS PAYABLE
Unrestrirted Restrirted
funds
funds
Total
2023
Unrestricted Restricted
funds
funds
Total
2022
Grants to Institutions within
charitable objects comprised:
Exceptional grants to other
Christadelphian charities (see
Note 141
Llanelli Ecclesia
Asia-Pacific Christadelphiarn
Bible Mission
Ashton-under-Lyne Ecclesi
Porthleven Ecclesia
Christadelphian Bible Misslon
overseas ecclesias IAfrical
Clevedon Ecclesia
Sale Ecclesia
Glas8ow Kelvin Ecclesia
Spalding Ecclesia
Sutton Coldfield Ecclesla
Kings Heath Ecclesia
Betws Ecclesia
Redditch Ecclesla
Christadelphlan ALS
Hereford Ecclesia
Blackheath Ecclesia
Ooncaster Ecclesia
Under £7,500
286.085 286.025
57.800
57,800
24,294
24,294
45,601
4S,601
45,000
45,000
37,000
37,000
33,899
33,310
28,000
33,899
33,310
28,000
71,146
71.146
25,000
25.000
23,984
23,940
23.984
23.940
15,750
12,600
15,750
12.600
12,480
10,000
12,480
10,000
3,500
7,740
7,592
27,765
3,500
7,740
7.592
27,765
33,226
33,226
339,240
286,085 625,325
240.387
240.387
SUPPORT COSTS
2023
2022
Audit fees
Legal and professional expenses
Trustee indemnity and personal accident insurance
Utility costs on investment properties
Financial Conduct Authority - annual fee
Trustee expenses
Miscellaneous expenses
4,215
3,676
1,403
481
4,500
2,230
2,337
1,520
1,109
483
306
298
251
10,324
12,485
18

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
NOTES TO THE FINANCIALSTATEMENTS
for the year ended 31 December 2023
TRUSTEES, DIREcfoRS AND EMPLOYEES
The company has no employees. All members of the board act in an unpaid capacity so
none of the Trustees and Directors received any remuneration for the year (2022 - Nil).
No expenses were claimed by any Trustee with the exception of secretarial expenses and/or
travelling expenses incurred by and reimbursed or accrued for reimbursement to: A S Firth
Nil {2022- £83}and D C Gouldingay £298 (2022 - £232) A T Collinge Nil12022 - £168).
FIXED ASSETS INVESTMENTS- PROGRAMME RELATED INVESTMENTS:
LAND AND BUILDINGS
Programme related investments: land and buildings comprise the following freehold
properties let at peppercorn rents to occupying ecclesias.
2023
2022
Cost or valuatlon
At l January
Additions,.
Donations in the year at Day I net present value
Acquisition costs
Net present value revaluations since acquisition
908,396
5,808
310,499
21,605
33,008
818,309
67,259
17,020
At 31 December
1,273.508
908.396
Impalrment
At l January and 31 December
Net book value
At 31 December
1,273,508
908,396
The occupying eccleslas and net book values at 31 Decernber
were:
Barnet Ecclesia
Bath Ecclesia
Macclesfield Ecclesia
Shipley Ecclesia
Shrewsbury Ecclesia
Ellwood Ecclesia
Bournville Ecclesia
Old Trafford Ecclesia
East Ham Ecclesia
Kings Heath Ecclesia
591,028
237,174
193,569
144,465
74,343
27,121
2,232
2,290
1,286
573,813
230,266
72,178
26,331
2,232
2,290
1,286
Net book value at 31 December
1,273,508
908,396
Freehold buildings are insured by the charity, the relevant PTOPOrtion of the premiurn being
recharged at cost to each occupying ecclesia.
19

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIEff, BIRMINGHAM
31 DECEMBER 2023
NOTESTO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
FIXED ASSETS INVESTMENTS- PROGRAMME RELATED INVESTMENTS:
CONCESSIONARY LOANS
Programme related investments: conces5ionary loans comprise advances made to ecclesias
for the acquisition, repair or improvement of premises and land for use by the
Christadelphian Comrnunity. Loans are unsecured and interest-free and repayable within a
period of up to twelve years from inception. Movements in the year were as follows:
2023
2022
Loans at l January
New loans advanced
27,133
108,509
27,133
108,509
Less:
New or existing loans repaid
Loans waived by CHBS- treated as additional grants
5,666
18,320
63,056
Loans at 31 December
21,467
27,133
Out5tandln8 loans at year end:
Birmingham, Kings Heath Ecclesia
Manchester, Old Trafford Ecclesia
Barton-under-Needwood Ecclesia
13,500
5,467
2,500
15,300
7,333
4,500
21,467
27,133
£5,667 {2022 - £5,6671 Is due for repayment within 12 months of the balance sheet date.
At 31 December 2023 the charity had committed Nil {2022 - Nil) to new ecclesial loan
advances, subject to contract, and accordingly not taken up at the reportin8 date.
FIXED ASSETS INVESTMENT PROPERTY
2023
2022
Cost or valuatlon
At l January
Additions:
Donations in the year at Day I net present value
Acqulsltion costs
Net present value revaluations since acquisition
109,231
7,221
2,329
At 31 December
118,781
Impalrment
At l January and 31 December
Net book value
At 31 December
118,781
20

THE CHRISTAOELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
NOTESTO THE FINANCIALS2TATEMENTS
for the year ended 31 December 2023
FIXED ASSET INVESTMENTS: QUOTED INVESTMENTS
2023
2022
Market value at start of year
Acquisitions at cost
Disposal proceeds
Realised gains/(losses)
Unrealised (losses)/ gains
Market value at end of year
187,632
156,836
(1,968)
196,951
2,731
{1,963)
(20,399>
322,101
{10,087)
187,632
Historic cost of investments held at year end
310,688
155,547
The Investment portfolio comprises:
Discretionary fund manager
Equlty income funds
Managed growth bonds
Property bonds
156,620
76,622
63,944
24.915
322,101
70,S89
62,693
54,350
187,632
10. FIXED ASSET INVESTMENTS: BANK TERM DEPOSITS
Maturing in January 2025
Maturing in February 2025
Maturing in February 2026
85,000
8S.000
85,000
255,000
85,000
85,000
170,000
11. DEBTORS
Prepaid acquisition costs- investments
Accrued income - interest on deposits
5,981
8,677
14,658
15,375
29
15,404
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
4,515
10,179
13. SHARE CAPITAL
Authorised, called up, allotted and fully paid:
1,567 Ordinary shares of £1 each
2.433 Non-voting directors, shares of £1 each
1.567
2,433
4,000
1,567
2,433
4,000
None of the shares are dividend-bearing.
21

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
14. RESTRicfED FUNDS
The income funds of the charity include restricted funds comprising the following
unexpended balances of donations and legacies held on trust for specific purposes:
Opening
balance
Movement in funds
Income Expenditure
Transfers
Closing
balance
Donations from former
ecclesias:
- Northampton
- Portsmouth
- Tenby
Anonymous legacy
180,025
106,060
3,909
2,606
180,025
106,060
95,738
63,827
99,647
66,433
159,56S
292,600
286,085
166.080
The restricted donations received in the year from Northampton and Portsmouth Ecclesias
were paid to the following donor-speclfied Christadelphian organisations:
Northampton
Portsmouth
Total
Christadelphian Care Homes
Chri5tadelphian Blble Misslon IPortsmouth. IncludlnB £15.909 welfare)
Chrlstadelphian Meal a Day Fund
Christadelphian Benevolent Fund
Christadèlphian Auxiliary Lerturing Society
christadelphian1501ation Lea8ue
Chrlstadelphian Sèmèfitan Fund
Other donations under £7.500 each
56.708
23.403
14.402
31.504
21,603
17,102
26,515
21.212
26,515
5,303
10.606
5,303
10.606
83,223
44.615
40.917
36.807
32.209
22.405
10,606
15.303
15.303
Total
180.025
106,060
286,085
The restricted donation from the former Tenby Ecclesia is conditional upon a grant of up to
£90,000 (plus net income) being made available by the charity, within its objects, toward5
the property needs of any recognised new Christadelphian ecclesia that may in future be
established in a donor-prescribed area on or before 30 April 2029. Should such Brant be
required £20.000 would be payable after 60 days, a further £20,000 after 6 months and the
balance of £50,000 (plu5 any net income) after 2 years. With effect from l May 2029 any
unused funds will be transferable to unrestricted income funds.
The restricted anonymous legacy is conditional upon a grant of up to £60,000 (plus net
income) being made available by the charity, within its objects, towards the property needs
of any recognised Christadelphian ecclesia that may in future be established in an estate-
prescribed area on or before 31 March 2025. Should such grant be required £20,000 would
be payable after 60 days, a further £20,000 after 6 months and the balance of £20,000 (plus
any net income) after 2 years. With effect from l April 2025 any unused funds will be
transferable to unrestricted income funds.
22

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2023
NOTESTO THE FINANCIALSTATEMENTS
for the year ended 31 December 2023
15. UNRESTRICTED FUNDS
Opening
balance
Galns and
losses
Closing
balance
31 December 2023
Income
Expenditure
Transfers
General fund
Revaluation reserve
Non-distributable
reserve
997.353
32.757
738,458
1363,211)
185,938
(455,2461
178
1,103,292
32.935
835,329
455,068
1,290,397
1,865.439
738,458
{363,211)
185,938
2,426,624
Opening
balance
Gains and
losses
Closing
balance
31 December 2022
Income
Expendlture
Transfers
General fund
Revaluation reserve
Non-distributable
reserve
803,714
42,957
1,072,254
(262,1401
112,794
(729,269)
(10,200)
997,353
32,757
87,513
747.816
835,329
934,184
1,072,254
1262,140
112,794
8,347
1,865.439
The revaluation reserve comprises unrealised gains on the charitvs fixed assets investments
portfolio. The non-distributable reserve comprises unrealised gains on certain of the
charitls investment properties.
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Restricted
Funds
General
Funds
Total
At 31 December 2023..
Fixed assets: programme related investments
Fixed assets: investments
Current assets
Creditors: amounts falling due within one year
1,294,975 1,294,975
695,882
695.882
444,282
610,362
14,515)
(4,515)
166,080
Total net assets
166,080
2,430,624 2,596,704
At 31 December 2022..
Fixed assets: programme related investments
Fixed assets: investments
Current asset5
Creditors: amounts falling due within one year
935,529
357,632
586.457
(10,179)
935,529
357,632
746.022
(10.179)
159,565
Total net assets
159,565
1,869,439 2,029,004
23

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIEfi, BIRMINGHAM
31 DECEMBER 2023
NOTESTO THE FINANCIAL STATEMENTS
for the year ended 310ecember 2023
17. CONTINGENT ASSErs
Fixed assets-
ro
ramme related investments.. land and buildin
At 31 December 2023 the charity had been advised of l (2022 - 5) proposals to gift
properties to the Society with a view either to leasing them back forthwith from the charity
at peppercorn rents or for the charity to hold or resell.
Whilst these hall gifts seem probable and the charity can measure their value with
reasonable accuracy, at 31 December 2023 aspects of legal and other due diligence were
still to be completed so legal entitlement had not passed. Accordingly, these proposed gifts
and leasebacks cannot be included in the Societvs 2023 income or assets. At the balance
sheet date, the Trustees estimate the accounting value of these gifts to be £19,000 (2022
£590,000).
18. CONTINGENT.LIABILITIES
At 31 December 2023 the charity had issued no (2022 - 11 offers of grant funding to an
ecclesia where the satisfaction of remaining conditions for the payment of loans and grants
lay outside the actions of the charity. Accordingly, contingent liabilities of £Nil {2022
£30,522) were outstanding at the balance sheet date.
19. TAXATION
The company is a registered charity and as such is exernpt from tax on income and gains
arising from activities within its charitable objects. No tax charges have arisen in the charitv.
20. RELATED PARTY TRANSACTIONS
There were no related party transactions (2022 - None).
24