THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY,
BIRMINGHAM
TRUSTEES, AND DIRECTORS, REPORT
AND FINANCIAL STATEMENTS
31 DECEMBER 2024
(Registered Company Number: 00113912)
{Registered Charity Number: 702637}

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity name
The Christadelphian Hall & Buildings Society,
Birmingham, also known as CHBS
Charity registration number
702637 (England and Wales)
Company reglstratlon number
00113912 (England and Wales)
Registered and principal office
15 Church Close
Dunston
Stafford
ST18 9AF
Trustees and Dirertors
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
B2 4JU
Solicitors
Shakespeare Martineau LLP
I Colmore Square
Birmingham
B4 6AA
Investment adviser
Portcullis 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
BSI 6DG
Independent examiner
BK Plus Audit Limited
Azzurri House
Business Park
Walsall Road
Walsall
WS9 ORB

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIEfY, BIRMINGHAM
31 DECEMBER 2024
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 2024.
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 policies set out in the notes to the financial statements and comply with the
Societws 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 102) (second edition).
Structure, Governance and Management
The Christadelphian Hall & Buildings Society, Birmingham is a company limited 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 Societ¢s governing document,
Articles of Association, prepared in accordance with the Companies Act 2006. The governing
document was last amended on 15 February 2021.
Trustees are typically elected for a three-year period by the Societ¢s members having regard to
their professional skills and experience. When a vacanoi 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 courses 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 charitvs 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 risks 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.
Objectives 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 2024
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 Societ¢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 Christadelphian
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 senie to provide
members of the public with direction, balance and purpose in todavs complex world.
Achievements and Performance
The way applications arise for financial support makes it difficult for the Trustees to set
meaningful objettives against which performance can be measured. However, an annual budget
is prepared and, as applications arise, the Trustees 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 community.
During the year donations received included non-cash donations in kind of Christadelphian halls I
(2023 - 5) and other properties Nil (2023 - 1} having total FRS102 gift values of £20,297 (2023 -
£992,619}. Net gains on the sale of Nil {2023 3) vacated ecclesial halls realised further income
of £Nil {2023- £171,000).
No new loans were advanced to ecclesias in the year (2023 - £Nil}.
Grants from unrestricted funds were made with a total value of £283,522 (2023 - £339,240).
Grants from restricted funds in the year were made with a total value of £Nil (2023 - £286,085).
Loan repayments received in the year amounted to £6,167 (2023 - £5,666).
At the year end, the Society owned 11 (2023 - 10) fixed asset properties, let rent-free to their
ecclesial occupiers under its charitable objects.
The Society continues to be in discussion with a number of ecclesias expressing interest in gifting
an ecclesial hall to the Society for nil consideration and then subsequently leasing back the hall,
for continued ecclesial use, on a rent-free basis. Discussions are currently in progress with l (2023
l) ecclesia considering a possible property gift to the Society for resale.
The interest of certain ecclesias in offering the Society property gifts is driven by two main factors:
11) 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 2024, 3 (2023 - 1) proposed property gifts were at a sufficiently advanced stage
to warrant noting as a Contingent Assets in Note 18 to the Financial Statements.
At the end of the year the charity had outstanding loans to Christadelphian ecclesias of £15,300
(2023 - £21,467).

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY. BIRMINGHAM
31 DECEMBER 2024
TRUSTEES. AND DIREcfoRS' REPORT- continued
Financial Review
The charity receives voluntary income donations, including periodic legacies or other lump sums,
together with investment income. During 2024 the charity received unrestricted donations
{including property gifts) of £20,419 (2023 - £706,630). Restricted donations received in 2024
amounted to £Nil (2023
£286,085). The charity has no employees {2023 Nil) and no
emoluments were paid to the Trustees during the year {2023- £Nil).
Income and ex
enditure
Net expenditure for the year was £240,034 (2023 net income £381,762) and there were net
realised and unrealised gains on investments of £62,174 (2023 £185,938). This included
exceptional gains on sale of investment properties of £Nil (2023 £171,000). This resulted in a
total reduction in unrestricted funds of £184,713 (2023 increase £561,185) and a total increase in
restricted funds of £6,853 {2023- £6,515).
The Society is prohibited by its Articles of Association from paying dividends.
Transfers between reserves
During the year there were no transfers from restricted income funds to unrestricted funds (2023
£Nil) 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 16 to the
financial statements and amounted to £19,933 (2023 £178} to revaluation reserve. In the year
£62,538 {2023 - £455,068) was also transferred to the unrestricted non-distributable resenie from
unrestricted general fund in relation to property gifts received in the year.
Reserves
olic
General reserves are required to fund: la) the charity's core loan-making activities, which may be
up to £125,000 (2023 - £250,000). (b) up to three years, running costs of around £660,000 (2023 -
£670,000) assuming annual grant payments of around £200,000 {2023 - £200,000); and (3) up to
£250,000 (2023 - £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 reserve5 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 £836,108 (2023 - £1,103,292), which are currently below
the level of general reserves potentially 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 reseries held at the
end of the year are respectively set out in notes 15 and 16 to the financial statements.

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
TRUSTEES, AND DIREcfoRS' REPORT- continued
Investment
ro
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.
Investment olic
and returns
Investments are managed by the Trustees tn conjunction with Portcullis Financial Planning Ltd and
by R C Brown Investment Management PLC, in the latter case 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 2024, the Society held net assets of £2,418,844 (2023 - £2,596,704) available for
appropriate ongoing charitable activities, subject to the donor restrictions set out in note 15 to
the financial statements.
The
ear ahead
Based on its financial forecasts the Trustees anticipate having sufficient financial resources to
continue delivering the Societvs 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 impairment had arisen at 31
December 2024 (2023 - £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 consistently;
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 responsible for maintaining proper accounting 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 2024
TRUSTEES, AND DIREcfoRS' REPORT- continued
Trustees and their Share Interests
The Trustees who held office during the year and their beneficial share interests (including family
interests) at the end of the year were as follows:
Non-voting
directors,
shares of
£1
2024
Non-voting
Ordinary
directors,
shares of share of £1
£1
2023
Ordinary
shares of
£1
2024
2023
S J Ashton
ASFirth
D C Gouldingay
M G Green
S P Griffiths
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 5 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 K H Rawlings and Mr J Thompson who will offer themselves for re-
election at the 2025 Annual General Meeting, God willing.
Small company provisions
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 16 June 2025 and signed on its behalf by:
ASFirth
Secretary

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
REPORT OF THE INDEPENDENT EXAMINERS TO THE TRUSTEES OF THE CHRISTADELPHIAN
HALL & BUILDINGS SOCIEfY, BIRMINGHAM
We report on the Charity's accounts for the year ended 31 December 2024 which are set out on pages 9 to
21.
Respertive responsibilities of Trustees and examiner
The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not
required for this year under section 144 of the Charities Act 2011 {the Charities Act) and that an
independent examination is needed.
Having been satisfied that the Charity is not subject to an audit under Charity law and is eligible for
Independent Examination, it is our responsibility to:
examine the accounts (under section 145 of the Charities Act):
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under
section 145(5)Ibl of the 2011 Act). and
to state whether particular matters have come to our attention.
Basis of Independent Examiners Report
Our examination was carried out in accordance with the General Directions given by the Charity
Commissioners. An examination includes a review of the accounting records kept by the Charity and
comparison of the accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such
matters. The procedures undertaken do not provide all the evidence that would be required in an audit,
and consequently no opinion is given as to whether the accounts present a true and fair view and the
report is limited to those matters set out in the statement below.
Independent Examiners Statement
In connection with our examination, no matter has come to our attention:
(11 which gives us reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply with the accounting
requirements of the 2011 Act," have not been met. or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view, which is not a matter considered as part of
an independent examination.
(2} to which, in our opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
Azzurri House
Business Park
Walsall Rd
WS9 ORB
For and on behalf of BK Plus
Keval Dattani
16106 ItsL
Chartered Accountants

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
STATEMENT OF FINANCIAL ACTIVITIES
including Income and Expenditure Account
for the year ended 31 December 2024
Unrestricted Restricted
fund5
funds
Total
2024
Unrestricted Restricted
funds
funds
Total
2023
Note
Income from:
Donations and legacie5
Charitable activities..
Insurance recharges
receivable
Investments-
Bank interest receivable
Dividend5 and other
bonuses receivable
Rent receivable
20.419
20.419
706,630
286.085
992,715
9,278
9,278
9,678
9,678
14,091
6,853
20.944
12.152
6.515
18,667
7.502
5,420
7.502
5,420
6.828
3,170
6.828
3,170
Total income
56.710
6.853
63,563
738,458
292,600
1,031,058
Expenditure on:
Cost of raising funds
Investment manager5 fees
Charitable activities:
Grants payable
Insurance payable
Support costs
2.955
2.955
1,859
1,859
283,522
10,448
6.672
283,522
10.448
6.672
339,240
11.788
10.324
286,085
625.325
11,788
10,324
Total expenditure
303,597
303,597
363,211
286,085
649.296
Net (expendlture)/lncome
before investment gains
1246.887)
6,853
{240.0341
375.247
6.515
381,762
Net gains on investments
62.174
62.174
185,938
185,938
Net lexpenditure}/income
and net movement in funds
{184,713)
6,853
1177,8601
561.185
6.515
567,700
Release of restricted funds
to unrestricted funds
Reconciliation of funds:
Total funds brought
forward
2,426,624
166,080
2,592,704
1,865,439
159,565
2.025,004
Total funds carried forw3rd
2.241.911
172,933
2.414.844
2.426.624
166,080
2,592,704
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.

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
Company Registration Number: 00113912
BALANCE SHEET
at 31 December 2024
Note
2024
2023
FIXED ASSETS
Programme related Investments:
Land and buildings
Loans
Investments:
Investment property
Quoted
Bank term deposits
1,344,534
15,3CK)
1,273,508
21,467
122,345
346,580
185,000
2,013,759
118,781
322,101
255,000
1,990,857
10
CURRENT ASSErs
Debtors
Investments- bank term deposits
Cash at bank
11
12
28,358
172,975
205,972
407,305
2,220
14,658
595,704
610,362
4,515
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
13
NET CURRENT ASSETS
405,085
605,847
TOTAL ASSETS LESS CURRENT LIABIUTIES
2.418.844
2,596,704
THE FUNDS OF THE CHARITY
Called up share capital
Accumulated income funds:
Restricted funds
Unrestricted funds:
General fund
Revaluation reserve
Non-distributable resenie
Total unrestricted funds
14
4,000
4,000
15
172,933
166,080
16
16
16
836,108
52,868
1,352,935
2,241,911
1,103,292
32,935
1,290,397
2,426,624
TOTAL CHARITABLE FUNDS
2,418,844
2,596,704
Audit Exemption Statement
The charitable company is entitled to exemption from audit under Section 477 of the Companies
Act 2006 for the year ended 31 December 2024.
The members have not required the charitable company to obtain an audit of its financial
statements for the year ended 31 December 2024 in accordance with Section 476 of the
Companies Act 2006.
10

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIEfY, BIRMINGHAM
31 DECEMBER 2024
BALANCE SHEEr
At 31 December 2024- continued
The Trustees acknowledge their responsibilities for:
{1> 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 company.
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 16 June 2025 and were
signed on its behalf by:
D C Gouldingay
Director
11

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
ACCOUNTING POLICIES
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.
Basis of Preparation
These financial statements have been prepared in accordance with the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland, Charities
SORP (FRS102) {second edition - October 2019). 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 recognised 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.
Recognition 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 kind
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 ascertaining 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.
12

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
NOTESTO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
ACCOUNTING POUCIES- continued
Recognition 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.
Fixed 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 chariws 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 FR5102 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 resenie.
Investment properties held for income, pending 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 gasns are transferred to the revaluation reserve.
Long term 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 chariws 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, unle55 shown separately on the
balance sheet, term deposits maturing within 12 months of the balance sheet date.
Creditor5 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 reco8nised at their settlement amounts after allowing for any
trade discounts due.
13

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
NOTESTO THE FINANCIALSTATEMENTS
for the year ended 31 December 2024
ACCOUNTING POUCIES- continued
Financial Instruments
The charitvs financial assets and liabilities all qualify as basic financial instruments.
DONATIONS AND LEGACIES
Unrestricted Restritted
funds
funds
Total
2024
Unrestricted Restricted
funds
funds
Total
2023
These arose from the
following sources:
Portsmouth Ecclesia - hall
gift for resale on closure
Macclesfield Ecclesia -
hall gift for leaseback at
nominal rent
West Leeds Ecclesia- hall
gift for resale on closure
Northampton Ecclesia-
hall gift for resale on
closure
Shipley Ecclesia- hall gift
for leaseback at nominal
rent
Macclesfield Ecclesia-
house gift for letting
Betws Ecclesia - hall gift
for leaseback at nominal
rent
Total under £10,000
106.060
106,060
212,120
178,007
178,007
170,744
170.744
io,orJ)
180.025
190,025
132,492
132.492
109.231
109,231
20,297
20.297
122
122
96
96
20,419
20,419
706,630
286,085
992,715
14

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
CHARITABLE AcfiviTIES - GRANT5 PAYABLE
Unrestricted Restricted
funds
funds
Total
2024
Unrestrirted Restricted
funds
funds
Total
2023
Grants to institutions within
charitable objects comprised:
Exceptional grants to other
Christadelphian charities (see
note 151
Llanelli Eccle5ia
Asia-Pacific Christadelphian
Bible Mission
Porthleven Ecclesia
Crewe Ecclesia
Christadelphian Bible Mission
overseas ecclesias (Africa)
Clevedon Ecclesia
Sale Ecclesia
Kings Norton Ecclesia
Plymouth Ecclesia
Mountain Ash Ecclesia
Spalding Ecclesia
Sutton Coldfield Ecclesia
Bracknell Ecclesia
Newark Ecclesia
Ormskirk Ecclesia
Milnsbridge Ecclesia
Redditch Ecclesia
Christadelphian ALS
Under £IO.¢xiO
286,085 286.085
57,800
11.500
11,5LKI
57,800
9,949
9,949
45,601
37,000
45,601
37,000
33,579
33,579
30,995
30,995
33,899
33.310
28,000
33,899
33,310
28.000
27.657
26,000
24.990
27.657
26,0
24,990
23,984
23.940
23.984
23,940
22,982
18,960
14,(M)O
13.512
22,982
18,960
14.(
13.512
12,480
10,000
33.226
12,480
10,000
33,226
49.398
49.398
283,522
283,522
339,240
286,085 625,325
SUPPORT COSTS
2024
2023
Independent examination {2023 audit} fees
Legal and professional expenses
Trustee indemnity and personal accident insurance
Utility and repair costs on investment properties
Trustee expenses
Miscellaneous expenses
1,905
4,215
3,676
1,403
481
298
251
1,956
2,307
140
364
6,672
10,324
15

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
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 {2023 - Nil).
No expenses were claimed by any Trustee with the exception of secretarial expenses andlor
travelling expenses incurred by and reimbursed or accrued for reimbursement to D C
Gouldingay £140 (2023 - £298).
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.
2024
2023
Cost or valuation
At l January
Additions:
Donations in the year at Day I net present value
Acquisition costs
Net present value revaluations since acquisition
1,273,508
908,396
20,297
12,051
38,678
310,499
21,605
33,008
At 31 December
1,344,534
1,273,508
Impairment
At l January and 31 December
Net book value
At 31 December
1,344,534
1,273,508
The occupying ecclesias and net book values at 31 December
were:
Barnet Ecclesia
Bath Ecclesia
Macclesfield Ecclesia
Shipley Ecclesia
Shrewsbury Ecclesia
Betws Ecclesia
Ellwood Ecclesia
Bournville Ecclesia
Old Trafford Ecclesia
East Ham Ecclesia
Kings Heath Ecclesia
608,758
244,289
199,376
148,799
76,574
32,995
27,935
2,232
2,290
1,286
591,028
237,174
193,569
144,465
74,343
27,121
2,232
2,290
1,286
Net book value at 31 December
1,344,534
1,273,508
Freehold buildings are insured by the charity, the relevant proportion of the premium being
recharged at cost to each occupying ecclesia.
16

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
FIXED ASSETS INVESTMENTS- PROGRAMME RELATED INVESTMENTS:
CONCESSIONARY LOANS
Programme related investments: concessionary loans comprise advances made to ecclesias
for the acquisition, repair or improvement of premises and land for use by the
Christadelphian community. 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:
2024
2023
Loans at l January
New loans advanced
21,467
27,133
21,467
27,133
Les5:
New or existing loans repaid
6,167
5,666
Loans at 31 December
15,300
21,467
Outstanding loans at year end:
Birmingham, Kings Heath Ecclesia
Manchester, Old Trafford Ecclesia
Barton-under-Needwood Ecclesia
11,700
3,600
13,500
5,467
2,500
15,3CMJ
21,467
£3,667 (2023 - £5,667) is due for repayment within 12 months of the balance sheet date.
At 31 December 2024 the charity had committed Nil (2023 - Nil) to new ecclesial loan
advances, subject to contract, and accordingly not taken up at the reporting date.
FIXED ASSEfs INVESTMENT PROPERTY
2024
2023
Cost or valuation
At l January
Additions:
Donations in the year at Day I net present value
- Acquisition costs
Net present value revaluations since acquisition
118,781
109,231
7,221
2,329
3,564
At 31 December
122,345
118,781
Impairnient
At l January and 31 December
Net book value
At 31 December
122,345
118,781
17

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
FIXED ASSET INVESTMENTS: QUOTED INVESTMENTS
2024
2023
Market value at start of year
Acquisitions at cost
Disposal proceeds
Realised gains/(losses)
Unrealised {losses)/ gain5
Market value at end of year
322,101
7,501
(2,955)
187,632
156,836
(1,968)
19,933
346,580
120,3991
322,101
Historic cost of investments held at year end
315,235
310,688
The investment portfolio comprises:
Discretionary fund manager
Equity income funds
Managed growth bonds
Property bonds
167,754
87,083
66,828
24,915
346,580
156,620
76,622
63,944
24,915
322,101
10. FIXED ASSET INVESTMENTS: BANK TERM DEPOSITS
Maturing in January 2025
Maturing in February 2025
Maturing in February 2026
Maturing in April 2026
85,000
85,000
85,000
85,000
100,000
185,000
255,000
11. DEBTORS
Prepaid acquisition costs- investments
Accrued income - interest on deposits
Rent
16,147
11.761
450
28,358
5,981
8,677
14,658
12. CURRENT ASSEf INVESTMENTS: BANK TERM DEPOSITS
Maturing in January 2025
Maturing in February 2025
85.000
87,975
172,975
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
2,220
4,515
18

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
14. 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.
15. 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:
Movement in funds
Income Expenditure
Transfers
Opening
balance
Closing
balance
Donations from former
ecclesias- Tenby
Anonymous legacy
99,647
66,433
4,112
2.741
103,759
69,174
166,080
6,853
172,933
The restricted donations received in 2023 from Northampton and Portsmouth Ecclesias were paid to the
following donor-specified Christadelphian organisations=
Northampton
Portsmouth
Total
Christadelphian Care Homes
Christadelphian Bible Mission IPortsmoLrth, including £15.909 welfare)
Christadelphian Meal a Day Fund
Christadelphian Benevolent Fund
Christadelphian Auxiliary Lerturing Society
Christadelphian Isolation League
Christadelphian Samaritan 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, towards
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 grant be
required £20,000 would be payable after 60 days, a further £20,000 after 6 months and the
balance of £50,000 {plus any net income) after 2 years. With effect from l May 2029 any
unused funds will be transferable to unrestrirted 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.
19

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
16. UNRESTRICTED FUNDS
Opening
balance
Gains and
losses
Closing
balance
31 December 2024
Income
Expenditure
Transfers
General fund
Revaluation reserve
Non-distributable
1,103.292
32,935
56,710
1303.5971
62,174
{82,4711
19.933
836,108
52.868
reserve
1,290,397
62.538
1,352,935
2.426.624
56,710
{303,5971
62,174
2,241,941
Opening
balance
Gains 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
1455.2461
178
1.103,292
32,935
835.329
455.068
1.290.397
1,865,439
738.458
{363.2111
185,938
2,426.624
The revaluation reserve comprises unrealised gains on the charit¢s fixed assets investments
portfolio. The non-distributable reserve comprises unrealised gains on certain of the
charit¢s investment properties.
17. ANALYSIS OF NEf ASSEfs BETWEEN FUNDS
Restricted
Funds
General
Funds
Total
At 31 December 2024."
Fixed assets: programme related investments
Fixed assets: investments
Current assets
Creditors: amounts falling due within one year
1,359,834 1,359,834
653,925
653,925
234,372
407,305
(2,220)
{2,2201
172,933
Total net assets
172,933
2.245,911 2,418,844
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
(4,515)
14,515)
166,080
Total net assets
166,080
2,430,624 2,596,704
20

THE CHRISTADELPHIAN HALL & BUILDINGS SOCIETY, BIRMINGHAM
31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
18. CONTINGENT ASSErs
Fixed assets-
ro
ramme related investments: land and buildin
At 31 December 2024 the charity had been advised of 3 (2023 - 1) 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 the value of 2 {2023 -11 of
the 3 (2023 - 1) with reasonable accuracy, at 31 December 2024 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 2024 income or
assets. At the balance sheet date, the Trustees estimate the accounting value of those gifts
that can presently be quantified as £225,000 (2023 - £19,000).
19. CONTINGENT LIABILITIES
At 31 December 2024 the charity had issued not issued any {2023 - Nil) 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 (2023 - Nil) were outstanding at the balance sheet date.
20. TAXATION
The company is a registered charity and as such is exempt from tax on income and gains
arising from activities within its charitable objects. No tax charges have arisen in the charity.
21. RELATED PARTY TRANSAcfioNS
There were no related party transactions (2023- Nil).
21