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 2024
Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 OHP

THE FRIENDS OF ST EBBE'S TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Report of the Trustees
Independent Examlnerfs Report
Statement of Financlal Activities
Balance Sheet
Notes to the Flnancial Statements
7 to 12
Detailed Statement of Flnancial Activitles
13

THE FRIENDS OF ST EBBE'S TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended
31 December 2024. The trustees 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
Objectives and aims
The Trust has been set up as a registered 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 costs of stsff directly
involved in the student ministy at St Ebbe's.
The Trustees 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
Charitable actlvlties
The charity continued its role in financially supporting the student work at St Ebbe's Church.
FINANCIAL REVIEW
Financial position
Donations and gifts received totalled £181.830 (2023.. £210,566). The market value of investments at
the balan￿ sheet date was £143,251 (2023.. £140,168). The net assets of the trust were £125,674
(2023. £103,728) after taking account of the 2023124 annual grant committed up to 30 September 2024.
The core grant committed for the year ended 30 September 2024 is £153,713.10. The liability for grants to
St Ebbe's at 31 De￿mber 2024 (including this core grant) is £153,713.10. In addition to this core grant, other
grants were made to St Ebbe's in 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

THE FRIENDS OF ST EBBE'S TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charlty constitution
The Trust was constituted by a deed dated 13 December 1994 and is administered and managed by
the trustees under the name of the Friends of St Ebbe's Tnjst or any other name the trustees may
decide with the approval of the Charity Commissioners for England and Wales.
The board of Trustees consists of at least six people being:
1. The ex-officio 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 Parochial 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 practice of the appointing body. The person
appointed may be, but need not be, a member of the appointing body.
3. Four co-opted trustees who are to be persons who through residence, occupation, employment or
otherwise have special knowledge of the area of benefit or who 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
Registered Charity number
1043090
Principal address
clo St Ebbe's Rectory
2 Roger Bacon Lane
OXFORD
OX1 1QE
Trustees
S Neal (Treasurer)
A Maidment (Chair)
O Bartlett (Co-chair)
J Chan
M van der Walt
V Roberts
A Carter
A Felce
G Green
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 2024
Approved by order of the board of trustees on .
3111012025
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 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {'the Act,).
I report in respect of my examination of the Trusvs account5 carried out under Section 145 of the Act and in
carrying out my examination I have followed all applicable Directions given by the Charity Commission under
Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confimi 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 records 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 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.
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 understsnding of the accounts to be reached.
A Churchill Stone FCA DChA
Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 OHP
Date..
3.1.. 23

THE FRIENDS OF ST EBBE'S TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Total
funds
2023
Total
funds
Unrestricted Endowment
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
181,830
181,830
210,566
Investment income
other income
3,268
3,887
3,268
3,887
2,866
Total
188,985
188,985
213,432
EXPENDITURE ON
Raising funds
960
Charitable activities
Support for St Ebbe's Church
170,121
170,121
183,846
Total
170,121
170,121
184,806
Net gainsl(losses) on investments
3,768
16861
3,082
6,412
NET INCOMEI{EXPENDITURE)
22,632
(6861
21,946
35,038
RECONCILIATION OF FUNDS
Total funds brought forward
86,811
16,917
103,728
68,690
TOTAL FUNDS CARRIED FORWARD
109,443
16,231
125,674
103,728
The notes form part of these financial statements

THE FRIENDS OF ST EBBE'S TRUST
BALANCE SHEET
31 DECEMBER 2024
2024
Total
funds
2023
Total
funds
Unrestricted Endowment
fund
fund
Notes
FIXED ASSETS
Investments
127,020
16,231
143,251
140,168
CURRENT ASSETS
Debtors
Cash at bank
14,680
41,498
14,680
41,498
25,190
90,733
56,178
56,178
115,923
CREDITORS
Amounts falling due within one year
(73,755)
(73,755)
(152,363)
NET CURRENT ASSETS
(17,577)
(17,577)
(36,440)
TOTAL ASSETS LESS CURRENT
LIABILITIES
109,443
16,231
125,674
103.728
NET ASSETS
109,443
16.231
125,674
103,728
FUNDS
Unrestricted fvnds
Endowment funds
109,443
16,231
86,811
16,917
TOTAL FUNDS
125,674
103.728
The financial statements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by-
Trustee
The notes form part of these financial ststements

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefst entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) '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 IFRS 102) (effective 1
January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable 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 exception of investments which are included at market value, as
modified by the revaluation of certain 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 expenditure as soon as there is a legal or constructive obligation committing
the charity to that expenditure, it is probable that a transfer of economic benefits 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 directly attributed to particular headings they have been allocated to activities on a
basis consistent with 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 fijnd is included in the notes to the financial
statements.
INVESTMENT INCOME
2024
2023
Other fixed asset invest- Fll
3,268
2,866
continued...

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
RAISING FUNDS
RAISING DONATIONS AND LEGACIES
2024
2023
Support costs
960
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the
year ended 31 De￿rnber 2023.
TRUSTEES. EXPENSES
There were no trustees. expenses paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Endowment
fund
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donation5 and legacies
210,566
210,566
Investment income
2,865
2,866
Total
213,431
213,432
EXPENDrruRE ON
Raising fvnds
960
960
Charitable actlvities
Support for St Ebbe's Church
183,846
183.846
Total
184.806
184.806
Net gains on investments
6,176
236
6,412
NET INCOME
34,801
237
35.038
RECONCILIATION OF FUNDS
Total funds brought fonmard
52.010
16,680
68.690
TOTAL FUNDS CARRIED FORWARD
86,811
16,917
103,728
continued.-.

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
FIXED ASSET INVESTMENTS
Unlisted
investments
MARKET VALUE
At 1 January 2024
Revaluations
140,168
3,083
At 31 De￿mber 2024
143,251
NET BOOK VALUE
At 31 December 2024
143,251
At 31 December 2023
140,168
There were no investment assets outside the UK.
Cost or valuation at 31 December 2024 is represented by..
Unlisted
investments
Valuation in 2017
Valuation in 2018
Valuats'on in 2019
Valuation in 2020
Valuation in 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024
Cost
66
(6.440)
5,021
5,397
(11,245)
(20,781)
6,412
3,083
161,738
143,251
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Prepayments and accrued income
14,680
25,190
continued...

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other creditors
73,755
152,363
MOVEMENT IN FUNDS
Net
movement
in funds
At
31112124
At 111124
Unrestricted funds
General fund
86,811
22,632
109,443
Endowment funds
Expendable Endowment
16,917
(686)
16,231
TOTAL FUNDS
103,728
21,946
125,674
Net movement in funds, included in the above are as follows-.
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
188,985
{170,121)
3,768
22,632
Endowment funds
Expendable Endowment
(686)
(686)
TOTAL FUNDS
188,985
(170,121)
3,082
21,946
Comparatives for movement in funds
Net
movement
in funds
At
31112123
At 111123
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
10
continued...

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
MOVEMENT IN FUNDS - continued
Comparative net movement in fijnds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
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
A current year 12 months and prior year 12 months combined position is as follows-
Net
movement
in funds
At
31112124
At 111123
Unrestrlcted funds
General fund
52,010
57,433
109,443
Endowment funds
Expendable Endowment
16,680
(449)
16,231
TOTAL FUNDS
68,690
56,984
125,674
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
402,416
(354,927)
9,944
57,433
Endowment funds
Expendable Endowrnent
(450)
(449)
TOTAL FUNDS
402,417
(354,927)
9,494
56,984
continued...

THE FRIENDS OF ST EBBE'S TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
10.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
12

THE FRIENDS OF ST EBBE'S TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gfft aid
164,795
17,035
188,872
21.694
181,830
210,566
Investment income
Other fixed asset invest- Fll
3,268
2,866
Other income
RBS Bank compensation
3.887
Total incoming resources
188,985
213,432
EXPENDITURE
Charitable activities
Sundries
Grants to institutions
Grants to individuals
520
106,495
61,906
3,301
104,597
74,748
168,921
182,646
Support costs
Governance costs
Accountancy and legal fees
1,200
2,160
Total resources expended
170,121
184,806
Net income
18,864
28,626
This page does not form part of the statutory financial statements
13