Charity registration number 1055952 Company registration number 3206850 (England and Wales) THE C.S. LEWIS FOUNDATION (UK) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE C.S. LEWIS FOUNDATION (UK) LEGAL AND ADMINISTRATIVE INFORMATION Trustees K C Gilnett Mr T Mattson Mr S Elmore Mr C Duriez Mr J Kirkpatrick (Appointed 11 December 2023} (Appointed 11 December 20231 Secretary K C Gilnett Charity number 1055952 Company number 3206850 Registered offlce The Kilns Lewis Close Headington Oxfordshire OX3 8JD Independent examiner Critchleys Audit LLP Beaver House 23-38 Hylhe Bridge Street Oxford OX12EP Solicitors Penningtons Manches LLP 9400 Garsinglon Road Oxford Business Park Oxford OX4 2HN
THE C.S. LEWIS FOUNDATION (UK) CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes lo the financial statements 6-11
THE C.S. LEWIS FOUNDATION (UK) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trLtstees present their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the a¢¢ounling policies set out in note 1 to the financial statement5 and comply with the charity's governing document, the Companies Acl 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliGable in the UK and Republic of Ireland IFRS 7021" leffective 1 January 20191. Objectives and activities The principal activity of the Foundation is the advancèment of the renewal of Christian thought and creative expression throughout the world of learning and the culture at large. The Foundation has a particular interest in the promotion of the study of and research into the life of C. S. Lewis, and the publication and dissemination of the useful results of such study and research, and the advancemenl of the Christian faith. The trustees confirm that they have complied with the duty in the Charities Acl 2011 to have due regard to the Charity Commission's general guidance on Public Benefit. They are satisfied that the charity's activities are available lo all members of Ihe public and that all its aclivities are demonstrably for the benefit of those members of the public who seek to avail themselves of ils services. Achievements and performance The activities of The C. S. Lewis Foundation (UK), (the Foundation) for the year ended 31 December 2023 primarily consisted of these activities.. 11 providing a residence at "The Kilns" for visiting scholars studying in Oxford.. 21 maintaining the historic nature and condition of the home., 3) offering tours to visitors from around the world-, 4) offering virtual tours of the home through zoom., 51 fundraising for the operations and maintenance., and 6) maintaining relationships with the community, including the neighborhood, parish, city, and universities. With the lessening impact of the Covid-19 pandemic, operations this year were mostly back to pre-pandemic levels. Our long term scholar program continues to be successful, as usual. with all rooms filled in the home throughout the year with scholars studying in Oxford. Financial review All income and expenditure was directly related to fulfilling the Foundation's purposes. The C. S. Lewis Foundation (USA) regularly provides grants lo the Foundation in support of the Foundation's ICSLF UK'S) operating expenses, including the fees for legal & professional advice incurred during the period. The Trustees have considered the sustainability of the charity and believe that a minimum reserve of £10,000 should be retained. The company currently has unrestricted reserves of £5,527. In addition, C.S. Lewis Foundation (US) remains fully committed lo ensuring the company has sufficient operating capital to meet all obligations.
THE C.S. LEWIS FOUNDATION (UK) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, governance and management The C. S. Lewis Foundation (UK) is a company limited by guarantee and registered as a charity under the Charities Act. The charitable company is governed by its Memorandum and Articles ofAssocialion. The C. S. Lewis Foundation {UKI was incorporated ai a company on 3 June 1996 (registered company number 3206850) and registered by the Charity Commission on 7 June 1996 (charity number 10559521. The charity is managed by the Trustees who meet as and when required but at least once a year. The Trustees do not receive remuneration or expenses. New trustees are appointed either to fill a casual vacancy or by way of addition lo the Board. Particular emphasis is placed upon the appointment of Iruslees with knowledge and experience relevant to the charity's activities. en new Iruslees are appointed they are given an introduction to the work of the charity and provided wilh the information they need lo fulfil their roles. which includes Information about the role of the trustees and their responsibilities under the Charities and Companies Acts. The Irusteesldirectors set out below held office during the whole of the year except where otheTwise stated. The Company has no share capital and the directors have no interests in it. The Irustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial slatemenls were-. Dr J S Matlson (Deceased 9 January 20241 K C Gilnett Mr T Mattson Mr S Elmore Mr C Duriez Mr J Kirkpatrick (Appointed 110ecember 2023) (Appointed 11 December 20231 The Trustees have identified and considered the major risks to which the charity is exposed and have established systems and procedures to manage those risks. The principal risk associated with the charity's operation remains the availability of operational grants. Further detalls Further details of the C. S. Lewis Foundation (both USA and UK) can be found by contacting the charity's registered office or by visiting the web site ww.cslewis.org. The Irustees, report was approved by the Board of Trustees. Mr S Elmore Trustee Dated. 22
THE C.S. LEWIS FOUNDATION (UK) CRITCHLEYS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE C.S. LEWIS FOUNDATION (UK) I report to the trustees on my examination of the financial statements of The C.S. Lewis Foundalion (UK) (the charity) for the year ended 31 December 2023. Responsibilities and basis of report As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act) Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2Q11 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llb) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. a¢¢ounting records were not kept in respect of the charity as required by seclion 386 of the 2006 Act.. or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no conGerns 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 financial statements to be reached. Gary Pready FCA Critchleys Audit LLP Beaver House 23-38 Hylhe Bridge Street Oxford OX12EP Dated.. 26.06.2024
THE C.S. LEWIS FOUNDATION (UK) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Endowment funds funds 2023 2023 Total Unrestricted Endowment funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Charitable activities 45,732 9,735 45,732 9,735 48,818 12,300 48,818 12.300 Total income 55,467 55,467 61,118 61,118 Expenditure on: Raising funds Charitable activities 10.500 10,500 63,283 10,500 10,500 44,745 63,283 44,745 Total expenditure 63,283 10,500 73,783 44,745 10.500 55,245 Net Incomel(expendlture) and movement in funds {7,816) 110,500) {18,3161 16,373 {10,5001 5,873 Recon¢iliation of funds". Fund balances a11 January 2023 13,343 538,500 551,843 {3,030) 549,000 545,970 Fund balances at 31 December 2023 5,b27 528,000 533,527 13,343 538.500 551,843 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 11 form part ofthese financial statements.
THE C.S. LEWIS FOUNDATION (UK) BALANCE SHEET AS A T 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets 528,272 538.866 Current assets Debtors Cash at bank and in hand 10 1,772 5,733 16,471 7,505 16,471 Creditors: amounts falling due within one year 11 12,250) 13,494) Net current assets 5,255 12,977 Total assets less current liabilities 533,527 551.843 Net assets excluding pension liability 533,527 551,843 The funds of the charity Endowment funds Unrestricted funds 12 528,000 5,527 538,500 13,343 533.527 551.843 The notes on pages 6 to 11 form part of these financial statements. The company 15 entitled to the exemption from the audil requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023. The directors acknowledge their responsibilities for complying with the requirements of the Companies Acl 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statemenls for the year in question in accordan¢e with section 476. These financial statements have been preoared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on Mr S Elmore Trustee Company registration number 3206850 (England and Wales)
THE C.S. LEWIS FOUNDATION (UK) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charity information The C.S. Lewis Foundation (UK) is a private company limited by guarantee incorporated in England and Wales. The registered office is The Kilns, Lewis Close, Headington, Oxfordshire, OX3 8JD. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland I'FRS 102,1 and the Charities SORP "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 1021" (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operalion31 existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subjecl to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Donations and grants that do not impose future performance-related or other specific conditions are recognised on the date on which the charity has entitlement of the resource, the amount can be reliably measured and the economic benefit to the Charity of the donation or grant is probable. Donations and grant5 subject to performance-relaled conditions are recognised as and when those conditions are met. Legacies are recognised following grant of probate and once the charity has received sufficient information from the executor(sl of the deceased's estate to be satisfied that the gift can be reliably measured and that the economic benefit to the charity is probable. Donations. grants, and legacies accruing for the general purposes of the charity are credited to unrestricted funds. Donations, grants, and legacies which are subject lo conditions as to their use imposes by the donor are Gredited to restricted funds
THE C.S. LEWIS FOUNDATION (UK) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Iconttnued) 1.5 Expenditure Expenditure is accounted for on an accruals basis and gross of any related income. Costs that specifically relate to costs of generating funds and governance costs are charged to those expense categories. All other costs form part of the costs of the charitable activity. Governance costs include those costs, such as statutory audil and legal and professional fees, associated with constitutional and statutory requirements. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assels less their residual values over their useful live5 on the following bases.. Freehold land and buildings Fixtures and fittings Motor vehicles Office equipment 50 years on a straight line basis 25°/0 reducing balance 250/0 reducing balance 25010 reducing balance 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held al call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based an historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in Ihe period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and futLtre periods. The useful life of assets to calculate depreciation is the main judgement in the financial slalements. Expenditure on raising funds Endowment Endowment funds funds 2023 2022 Fundraising and publicity Depreciation and Impairment 10,500 10,500
THE C.S. LEWIS FOUNDATION (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable activities Charitsble Charitable expenditure expenditure 2023 2022 Tour guide Merchandise 9,655 1,290 8,440 1,033 10,945 9,473 Share of support costs (see note 51 Share of governance costs (see note 5} 49,588 2,750 32,772 2,500 63,283 44,745 Analysis by fund Unrestricted funds 63,283 44.745 Support costs Support Governance costs costs 2023Support costs Governance costs 2022 Depreciation Gardener Rates Insurance Utilities Olher support costs Hired services Repairs and maintenance Interest 91 6,931 3,540 3,329 10,874 17,705 3,896 91 6,931 3,540 3,329 10,874 17,705 3,896 123 4,374 3,380 3,441 9.886 5,618 3,046 123 4,374 3,380 3,441 9,886 5,618 3,046 3,222 3,222 1,263 1,641 1,263 1,641 Independent Examination Fees, 2,750 2,750 2,500 2,500 49.588 2,750 52,338 32.772 2,500 35,272 Analysed between Charitable activities 49,588 2,750 52,338 32.772 2,500 35,272
THE C.S. LEWIS FOUNDATION (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Net movement in funds 2023 2022 The nel movement in funds is stated after chargingl(crediting}.' Fees payable for the independent examination of the charily's financial statements Depreciation of owned tangible fixed assets 2,750 10.591 2,500 10,623 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Taxation The charity is exempt from taxation on its activities because all ils income is applied for charitable purposes. Tangible fixed assets Freehold land Fixturgs and and buildin95 fittings Motor vehicles Offlce equipment Total Cost At 1 January 2023 675,000 4,587 3,300 3,152 686,039 At 31 December 2023 675.000 4.587 3,300 3.152 686,039 Depreciation and impaimient At 1 January 2023 Depreciation charged in the year 136,500 10,500 4,397 48 3,160 35 3,119 147,176 10,591 At 31 December 2023 147,000 4,445 3,195 3.127 157,767 Carrying amotsnt At 31 December 2023 528,000 142 105 25 528,272 Al 31 December 2022 538,500 193 139 34 538,866 Land and buildings includes land valued at £150,000 which is not depreciated. 10 Debtors 2023 2022 Amounts falling due within one year.. Prepayments and accrued income 1,772
THE C.S. LEWIS FOUNDATION (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income 2,250 3,494 12 Endowment funds Endowment funds represent assets which MLJSI be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund. At 1 January 2023 Resources expended At31 December 2023 Permanent endowments The Kilns 538,500 110,500) 528,000 Previous year: At 1 January 2022 Resources expended At31 December 2022 Permanent endowments The Kilns 549,000 (10,5001 538,500 In 2010 the property The Kilns was transferred to The C. S. Lewis Foundation (UK) by The Kilns (Oxford) Ltd. in Oxford. This property forms the basis of the endowment fund. 13 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated funds which have been spt aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2023 Incoming resources Resources expended At31 December 2023 General funds 13,343 55,467 (63,283) 5,527
THE C.S. LEWIS FOUNDATION (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Unrestricted funds (Continued) Previous year: At 1 January 2022 Incoming resources Resources expended At31 December 2022 General funds 13,030) 61,118 144,745) 13,343 14 Analysis of net assets belween funds Unrestricted Endovmient funds funds 2023 2023 Total 2023 At 31 December 2023: Tangible assets Current asselsllliabilitiesl 272 5,255 528,000 528.272 5.255 5,527 528,000 533,527 Unrestricted Endowment funds funds 2022 2022 Total 2022 At 31 December 2022: Tangible assets Current assetsllliabilities) 366 12,977 538,500 538,866 12,977 13,343 538,500 551.843 15 Related party transactions The C. S. Lewis Foundation {UK) have made no related paty transactions in the year (2022.. none). 16 Ultimate Controlling Party The C. S. Lewis Foundation {UK) is ultimately controlled by The C. S. Lewis Foundation (USA), which has the power to appoint the Trustees ofThe C. S. Lewis Foundation (UKI. During the year grant payments amounting to NIL (2022-. £13,000) were received from The C. S. Lewis Foundation (USA). The balance outstanding as al 31 December 2023 was NIL 12022.. £0) and is included within debtors on the balance sheet.