REGISTERED CHARITY NUMBER: 1043090
THE FRIENDS OF ST EBBE'S TRUST
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Mercer Lewin Ltd
Chartered Accountants
&7 Citibase
New Barclay House
234 Botlay Road
Oxford
OX2 OHP

THE FRIENDS OF ST EBBE'S TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Pago
Report of the Trustees
Independant Examiner's Roport
Statement of Flnancial Activities
Balanco Sheet
Notes to tho Flnancial Statements
7 to 12
Detsiled Statement of Financial Activltles
13

THE FRIENDS OF ST EBBE'S TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended
31 December 2023. The trustee5 have adopted the provisions of Accounting and Reporting by Charities..
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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objoctives and aims
The Tnjst has been set up as a registerèd charity for the advancement of the Christian gospel in the
City of Oxford, in particular by supporting evangelism and pastoral work amongst the students and
other young people in the universities, colleges and elsewhere.
Its primary aim at the outset was to fund a student curate or worker at St Ebbe's.
The charity appeals for donations and gifts to help support the employment cost5 of staff directly
involved in the student ministry at St Ebbè's.
The Tnjstees have complied with the duty within Section 17(5) of the Charities Act 2011 to have due
regard to the public benefit guidance published y the Charity Commission.
ACHIEVEMENT AND PERFORMANCE
Charitabl8 actlvities
The charity continued its role in financially supporting the student wod( at St Ebbe's Church.
FINANCIAL REVIEW
Flnancial position
Donations and gifts received totalled £210,56612022- £142,589). The market value of investments at
the balance sheet date was £140,16812022'. £133,755). The net assets of the trust were £103,728
(2022.. £68,690) after taking account of thè 2022123 annual grant committed up ttj 30 September 2023.
The core grant committed for the year ended 30 September 2024 is £149,964. The liability for grants to
St Ebbe's at 31 December 2023 (including this core grant) is £149,964. In addition to this core grant, other grants
were made to St Ebbe's in 2023.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governtng document
The charity is controlled by its goveming document. a deed of trust and constitutes an unincorporated charity.

THE FRIENDS OF ST EB8E'S TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE. GOVERNANCE AND MANAGEMENT
Charity constitution
The Trust was constituted by a deed dated 13 December 1994 and is administered and managed by
the trustees under the name ofthe Friends of St Ebbe's Trust or any other name the trustees may
decide with the approval of the Charity Commissioners for England and Wales.
The board of Trustees con515ts of at least six people being-
1. The ex-officTO trustee. who shall be the Rector or Priest in Charge of St Ebbe's Church, Oxford or,
during an interregnum, a person nominated by the last Rector or Priest in Charge, or a person
nominated by the Churchwardens of St Ebbes.,
2. Two nominated trustees, one appointed by the Par¢xhial Church Council of St Ebbe's and the other
appointed by the Oxford Churches Trust Each appointment shall be for a term of four years at a
meeting convened and held according to the ordinary practi￿ ofthe appointing boo¥. The person
appointed may be, but need not be, a member of the appointing body.
3. Four c￿opted trustees who are to be persons who through residence, occupation. employment or
otherwise have special knowledge of the area of benefft orwho are otherwise able by virtue of their
personal or professional qualifications to make a contribution to the pursuit of the objects or the
management of the charity. They are to be appointed for a term of five years by a resolution of the
trustees passed at a special meeting of which not less than 21 days, notice has been given.
REFERENCE AND ADMINISTRATIVE DETAILS
Raglstered Charity number
1043090
Principal addres5
clo St Ebbe's Rectory
2 Roger Bacon Lane
OXFORD
OX1 1QE
Trustees
S Neal {Treasurer)
N Fortescue (Chair)
A Maidment (appointed 2311012023)
O Bartlett (appointed 2311012023)
J Chan (appointed 1011012023)
M Wak (appointed 911012023)
V Roberts
A Carter
A Felce
G Green (appointed 231512023)
Independent Examiner
A Churchill Stone FCA DChA
Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 OHP

THE FRIENDS OF ST EBBE'S TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Approved by order of the l)oard of trustees on 31 October 2024 and signed on its behalf by:
Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE FRIENDS OF ST EBBE'S TRUST
Independent examiner's report to the trustees of The Friends of St Ebbe's Trust
I report to the charity trustees on my examination of the accounts of The Friends of St Ebbe's Trust (the Trust) for
the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the préparation of the accounts in accordance with the
requirements of the Charitie5 Act 2011 ('the Acf).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in
carrying out my examination I have followed all applicable Direction5 given by the Charity Commission under
Section 145{5)(b) of the Act.
Independent examiner's ststement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect=
accounting recards were not kept in respect of the Trust as required by Section 130 of the Act- or
the accounts do not accord with those records., 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 Dther than any requirement that the
accounts give a true and fair viewwhich 15 not a matter considered as part of an independent examination.
I have no concems and have Come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the aGGounts to be reached.
A Churchill Stone FCA DChA
Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Bolley Road
Oxford
OX2 OHP
31 October 2024

THE FRIENDS OF ST EBBE'S TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unrestricted Endowment
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacie5
210,566
210,566
142.589
Investment income
2,865
2,866
936
Total
213,431
213,432
143,525
EXPENDITURE ON
Raising funds
960
960
3.190
Charitable actlvlties
Support for St Ebbe's Churth
183,846
183,846
160,922
Total
184,806
184,806
164,112
Net gainsl(losses) on investments
6,176
236
6,412
(20,781)
NET INCOMEI{EXPENDITURE)
34,801
237
35,038
(41,368)
RECONCILIATION OF FUNDS
Total funds brought forward
52,010
16,680
68,690
110,058
TOTAL FUNDS CARRIED FORWARD
86,811
16.917
103,728
68,690
The notes form part of these financial statements

THE FRIENDS OF ST EBBE'S TRUST
BALANCE SHEET
31 DECEMBER 2023
2023
Total
funds
2022
Totsl
funds
Unrestricted Endowment
fijnd
fvnd
Notes
FIXED ASSETS
Investments
123,251
16,917
140,168
133,756
CURRENT ASSETS
Debtors
Cash at bank
25,190
90,733
25,190
90,733
675
40,827
115.923
115,923
41,502
CREDITORS
Amounts falling due within one year
(152,3631
{152,363)
(106,568)
NET CURRENT ASSETS
(36,440)
(38,440)
(65,066)
TOTAL ASSETS LESS CURRENT
UABILITIES
86,811
16,917
103,728
68,690
NET ASSETS
86,811
16,917
103,728
68,690
FUNDS
Unrestricted funds
Endowment funds
8S,811
16,917
52,010
16,680
TOTAL FUNDS
103,728
68,690
The financial statements were approved by the Board of Trustees and authorised far issue on 31 October 2024
and were signed on its behalf by..
Trustee
The notes fomi part of these financial statements

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, whith is a public benefit entity under FRS 102, have been
prepared in accordance with the Charrties SORP (FRS 102) 'kn¢ounting and Reporting by Charities..
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 (FRS 102) (effective 1
January 2019),, Financial Reporting Standard 102 'The Financial Reporttng Stsndard appliGable in the UK
and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under
the historical cost convention, with the ex￿ptIon of investments which arè included at market value, as
modified by the revaluation of ￿rtain assets.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expènditure as soon as there is a legal or constructive obligation committing
the charity to that expenditure, it is probable that a transfer of economic benefrts will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an
accruals basis and has been classified under headings that aggregate all cost related to the category.
Where costs cannot be directiy attributed to pa￿Cular hèadings they have been allocated to activities on a
basis consistent the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a
commitment but not accrued as expenditure.
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is induded in the notes to the financial
statements.
INVESTMENT INCOME
2023
2022
Other fixed asset invest - Fll
2,866
936
continued...

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
RAISING FUNDS
RAISING DONATIONS AND LEGACIES
2023
2022
Support costs
960
3.190
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the
year ended 31 December 2022.
TRUSTEES. EXPENSES
There were na tNstees' expenses paid for the year ended 31 December 2023 nor for the year ended
31 De￿rnber 2022.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Endowment
fund
fund
Totsl
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
142,589
142,589
Inveslment incomè
936
936
Total
143,525
143.525
EXPENDITURE ON
Raising funds
3,190
3,190
Charitable activitlès
Support for St Ebbe's Church
160,922
160,922
Total
164,112
164.112
Net gainsll105ses) an investments
{16,4641
(4.317)
(20.781)
NET INCOMEIIEXPENDITURE)
Transfers between funds
(37,0511
686
(4.317)
(686)
(41.368)
Net movement in funds
(36,3651
{5.003)
(41,368)
RECONCILIATION OF FUNDS
Total fvnds brought forward
88,375
21,683
110,058
TOTAL FUNDS CARRIED FORWARD
52,010
16,680
68,690
ontinued...

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
FIXED ASSET INVESTMENTS
Unlisted
investments
MARKET VALUE
At 1 January 2023
Revaluations
133.756
6.412
At 31 December 2023
140,168
NET BOOK VALUE
At 31 December 2023
140,168
At 31 December 2022
133.756
There were no investment assets outside the UK.
Cost or valuation at 31 December 2023 is represented by:
Unlisted
investments
Valuation in 2017
Valuation in 2018
Valuation in 2019
Valuation in 2020
Valuation in 2021
Valuation in 2022
Valuation in 2023
Cost
66
(6,440)
5,021
5,397
(11,245)
(20,781)
6,412
161,738
140.168
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Prepayments and accrued income
25,190
675
continued...

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Other creditors
152.363
106.568
MOVEMENT IN FUNDS
Net
movement
in funds
At
31112123
At111123
Unrestricted funds
General fund
52.010
34,801
86,811
Endowment funds
Expendable Endowment
16,680
237
16,917
TOTAL FUNDS
68,690
35,038
103.728
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in fijnds
Unrestricted funds
General fund
213,431
<184,806)
6,176
34,801
Endowment funds
Expendable Endowment
236
237
TOTAL FUNDS
213,432
(184,806)
6,412
35,038
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
fund5
At
31112122
At 111122
Unrestricted funds
General fund
88,375
(37,051)
686
52.010
Endowment funds
Expendable Endowment
21.683
(4,317)
1686)
16,680
TOTAL FUNDS
110,058
141,368)
68,690
10
continued...

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS - continuad
FOR THE YEAR ENDED 31 DECEMBER 2023
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
105ses
Movement
in funds
Unrestricted funds
General fund
143,525
(164,112)
(16,464)
(37.051)
Endowment funds
Expendable Endowment
14,31n
(4,317)
TOTAL FUNDS
143,525
(164,112)
120.781)
(41,368)
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
Transfers
betMeen
funds
At
31112123
At 111122
Unrestricted funds
General fvnd
88,375
(2,250)
686
86,811
Endowment funds
Expendable Endowment
21.683
(4,080)
1686)
16.917
TOTAL FUNDS
110,058
(6,330)
103,728
A current year 12 months and prior year 12 months combined net movement in funds, induded in the
above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
356,956
{348.918)
(10,288)
(2,250>
Endowrnent funds
Expendable Endowment
14,081)
{4,080)
TOTAL FUNDS
356,957
(348,918)
(14,369)
16.330)
continued...

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnu8d
FOR THE YEAR ENDED 31 DECEMBER 2023
10.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
12

THE FRIENDS OF ST EBBE'S TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
INCOME AND ENDOWMENTS
Donations and legacles
Donations
Gift aid
188,872
21,694
134,633
7,958
210,566
142,589
Investment Income
Other fixed asset invest- Fll
2,866
936
Total incoming resources
213,432
143,525
EXPENDITURE
Charitabl8 activitios
Sundries
Grants to institutions
Grants to individuals
3,301
104,597
74,748
351
87.133
72,238
182,646
159,722
Support costs
Governance costs
Accountancy and legal fees
2,160
4,390
Total resources expended
184,806
164,112
Net incomellexpenditure)
28,626
(20,587)
This page does not fomi part of the statutory financial statements
13