RECISTERED CHARNY NUMBER: 1106406
TOFT
ST
AND
IN
FOR
Numera Partners LLP
4th Floor
Charlc5 Hou8e
108-110 Fin¢hl¢y Road
NW3 5JJ

NTENTS OF THE FINANCIAL
PARe
Repurt of the Trnstees
Independent Examlner'$ Report
Statement of Flnanelal Aetlvltlej
Statsment of FlnAn¢lal Posltlon
Statement of Cash Trlow$
Notej to the Statement of Cash Flow#
Notej to the Flnin¢t41 Sto¢cm¢nt¥
8 to 11
Det￿led Stllternent of Fln¥n¢l41 A¢tfvitlei
12

THE FABKON FOiJNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The tnJst¢¢8 present their report with the finAncial statements of the charity for the year ended 31 Mar¢h 2024. The trustees have
adopted th¢ proviston$ of AccountiThg and Reporting by Charitieg". Statement of ReLomTncnded Practice applicable lo eharities
preparing their accounts in accordance with the Trinancial Reporting Standard applicable in the UK and Republic of Ireland {FRS
102) (effectivc l January20191.
I'he Trnstees present theit annuaj r¢port tog¢ther with the financial statements of The Fabkon Foundation (th¢ Charity) fvr the year
¢ndL%i 31 March 2024.
OWECTIVKS AND ACTivmES
Obiect(ve8 gnd alms
Th¢ charity was ¢5tablished by a declaration of ttv$t dated 4 May 2004 with the purpose of applyin8 the trust fund income or Capital
for the provision of f8¢iliiies and geryices in the intewsrs of the education and so¢i41 well-b¢ing of th¢ gcnerhl public. The charity is
registered with thc Charity Conmiission. re8ÉStraiion nuTllber 1106406.
The Charity has undertakeTh very little activity during the year ended 31 Mareh 2024, however followin8 the passing of the settlor
Michael Fttbian on 15ih December 2022, signifi¢ani funds beque51 by him will bc received in the yellr ended 31 March 2025 And
hence the charity will significantly expand their activities.
Publ1¢ bettefii
Th¢ TnJste¢s confinn their cornplianc¢ with lh¢ duty to have due regArds to the public benefit guidance (Section 17 of the ChArities
Act 2011) published by the ehari(y commission wh¢n reviewing the Charity's aim und objrtliv&s and in pl8nnin¥ for fijture aciiviiies.
The #im of th¢ charity has always been io assist in Ihe rsising of fimds for the provisi4)n of facilities and s¢rvices in the interest of
education and s()cial well-bcin8 of the getteral public.
ACHIEVEMF,JYT AND PERFORMANCE
Charltable A¢llvltSe$
The charily ha5 not p¢rforrned any activities within the y¢or but it has r¢ceived ¢onfirn)ation of legacy moni¢s that will 411ow it to
¢arry out ¢haritablc aciivities within the Con￿08 fin&n¢ial year.
CDrnThMnl¢4tlon *od Compl*lrtts
The charity logs all feedback, whcther p¢Mitivc or neg8tive. The Fabkon FoundAlion did not receive gny complaints due to 4ny
aetivilies undcrt&keo within the till￿frAn7C of thc f￿ancIal reportin8 peTlOd.
FINANCIAL REVIEW
Vlnantl#l posltion
The chority re¢()￿)19ed £833,510 of legacy Mon1￿ during the year ended 31 March 2024 (2023 £500) 8nd expended £4.804 (2023
£4) resulting in & 8urplus of £829,21512023 £S091 for the period. On the passing of Michael Fabian the irusteei were aware of
legacy to the ¢bority includ¢d in his will and hig excciitors ubiained probatc on l March 2024. Whilst the flnal entitlcment has y¢1 lo
b¢ ¢aiculated ihe tn￿te¢S have included a debtor in th¢ sum of £833,510 refl¢¢lin8 their knowl¢d8e of the total value of the estat¢.
Thc trustees h4ve decided that ihe fitnds which will be rec¢ived and any a¢¢umulat¢d investment income will b¢ distribuied ￿ other
chtirities over a fiv¢ year period. The charity will be clos¢d onLe all capilal and LA¢ome has been distribuicd.
Regervej pollcy
At the balanc¢ sheet dated 31 Ma￿h 2024 ¢he total reserves were £829,21512023 £509) of which £829.215 w¢r¢ unr¢stricted.
The charity Currcnily h&s no fix¢d vr viriable opcrating custs and currently has a reserves policy of £500 mininium to ¢over mnthly
bank char8e8. The regerve% policy will ehange once charitable activities ar¢ undertaken and monies from the legacy donation have
been received.
The trustees will each noniinate chAritie8 bascd on their knowled¥e of the causes and will M8re¢ B thre&rnonthly dLStribution.
STRucfuRL GOVERNANCE AND MANAGEMENT
vernln% ducument
The charity is controlled by its ¥overniog doclln)￿t. Fd deed ot'trusi aiid ¢onstitut¢s an unincorporated charity.
Recrnltmellt And 8ppolnlment of trustees
Trustees will nominate a replacement twstcc in the ¢vent of their unavailability bec￿Se of their pa$$ing or any ht31th rekson which
would tnake their fiiture participation impossible. The n¢wly appointed trustee will have to be ¢ligihle und¢r ¢lau5e 10 of the
Declaration of Trnst.
Page I

THE FABKOIY FOUNDATIor4
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAKCH 2U24
RFFF.RENCF. AND ADMINISTRATIVF. DF.TAII.S
Re#15tered Ch4rLty llUTnber
1106406
Prirt¢ip414ddress
6th Floor,
2 Lolldoll Wall Placc
London
EC2Y SAU
Trustees
l. Kort
R. Kon (appoinied 13.11.24}
H Lewis
lThd¢pendellt Ex4mllltr
Gil¢s Coh¢n
Numera Partners LLP
4th Floor
Charles H0￿C
108-110 Finchley Road
London
NW3 5JJ
Snllelto
Deb¢nhAms Ottaway LLP
Ivy IIous¢
107 St Peter5 8treet
St Albans
ALI 3EW
Approved by o
der of th¢ board of trustees on ..........
And signed on iti behalf by..
iJst¢¢
Pag¢ 2

IryDEPENDEI¥4T EX4MINER'S REPORT TO THE TRUSTEES OF
THE FABKOP4 FOUNDATION
Independenl exam&tt¢r's report to the trustees of The Fabkon Foundadon
report ¢0 the charity trustees on my examination of the accoun1$ of The Fabkon Fouttdtttion (the Trnst) for th¢ yw ended
31 Mar¢h 2024.
Responslbflities and basis of report
As th¢ charily tru5tccs of the Trnst you are Ifbponsible for th¢ preparation of the accounts iu arcordance with th¢ requirements Lif the
Lharities Act 2011 I'the ACVI.
I rep(yrt in r¢spect of my examination of th¢ -IDJsV$ accounts ¢tirried out undcr Sectitsn 145 of the A¢t and in carryin¥ out my
¢xaminatton I have followed all applicable Directions given by the Charity Commission undcr Section 14515)(bl of the Art.
Independent ¢xamlner'$ itatement
Sin¢¢ your Lharity's gross income exceeded £250,000 your examiner inusi b¢ a Men￿er of a listed body. I can confirn) that l am
qualified to undertake the examination b¢¢ause l am a mcmber of the Institute of Chartered Accountants in England and Wale& which
15 onc of the listed bodies.
I have completed my examination. L confinn thFAi no n)at¢riaI n￿tter$ have co]D¢ to niy attention in Coj￿¢t10n with the exatDi08tion
'ving me cause to believe thfti in any matctial respeei..
accounting recordA were not kept in reipecl of the Trust as r¢quired by Section 130 of the Act,. or
the ao¢ounts do not acLord with those records; or
the account$ do not comply with the applicable requirements. eon¢ernin8 the forn) And ¢ontenl of accounts Set out in the
Clwi"tL¢$ (Accounts and R¢ports) Regulf4tions 2008 rfrihcr than any requ1￿Ment Ih&t the accounts Bive a Iruè and fair view
whieh is not a matter considered as part of an ind¢p¢ndent examination.
I have no concenis ond have conle acros¥ no other matters in ¢onnection with the examination to which attention ¥hould be drawn in
lhis report in ordcr to enable 4 proper Und¢T81artdin￿ of the accounts io be reached.
Gile¥ Cohen
Tb¢ Instiwie of Chanered Accountant$ in E,ngland &nd Woleg
Numera Partners LLP
4th Fluor
Charles HousL'
108-110 kinchley Road
London
NW3 SJJ
Dote: .........
Page 3

THE FABKON F
UNDATION
IAL
31.3.24
u[￿￿trI¢t¢d
nd
31.323
Total
funds
Not¢5
INCOME AND ENDOWMENTS FROM
Donalions and legacies
833.510
513
EXPENDITURE ON
Other
4.804
IYET INCOME
828,706
509
RECONCILIATION OF Fuf4DS
Total funds broughi forward
509
TOTAL FUIYDS CARRIED FORWARD
829,215
509
The notes ftirni part of these financial statements
Page 4

THE FABKON FOUNDATION
OF b'lN
po
31.3.24
31.3.23
Totsl
fund5
Unrestricted
nd
Not¢s
CURRENT ASSETS
Debtors
Casb at bat)k
833.509
506
509
834,015
509
CREDITORS
Amounis folling duewithin one year
(4.800)
NET CURRENf A&SETS
829,215
509
TOTAL A&SETS LESS CURRENT I.JABILITIES
829.215
509
NET ASSETS
829,215
509
FUNDS
Unre%irieted Ilinds
829,215
509
TOTAL FUNDS
829.215
309
The financial stst¢mcnts were approvcd by thc B¢)ard ofTrusteei and authuri5ed for issu¢ on .
signed on li
behalf by..
.. and were
- Trustee
The notes fom part of th¢se financiAI statements
Page 5

THE FABKON FOUNDATION
ME
31.3.24
31.3.23
Notes
C85h flows from operatlng actlvltles
Cash g¢n¢rutcd from op¢r4tion&
131
509
N¢t ¢a5h (used in)Iprovided by operating a¢tiYilies
{3)
509
ChANg¢ Ill ¢*sh And ¢¥$h equlv#lent$ In ¢he
reportini pertod
Cash wnd Cash ¢qulvAI¢DtJ It the beglnnlng of
the reportlng perlod
{3)
509
C*sh ¥Jnd cash equlvalenti at the end of the
r4￿rtS￿￿ perlod
506
The notes fom part of these finAn¢ial stat¢llKnts
Page 6

THE FABKON FOUNDATIO
No'rES TO THE STA'I"£MENT OF CASH FLOWS
FOR THE YEAR ENDED 31 M
CH20
RECONCILIATIOTrI OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTJVITIES
31.3.24
31.3.23
N¢1 Income for the r¢portlnE period per the Statement of Fln#nciAI
AetivitlL5)
Adjusttnents for..
Increase in debturs
IDcrcas¢ in creditors
828,706
509
(833.509)
4,800
Net Cash (used inyproyided hy operatlong
13)
509
ANALYSIS OF CHAf4GES IN NET FUNDS
At1.4.23
Cash flow
At 31.3.24
Net cxsh
Cash al bank
509
(3)
506
509
13)
506
Tot#]
509
(3)
506
The notes fonnpart of these financiaj statem¢nts
Pa8e 7

THE FABKON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
of preparlng the flnincl&l gt2temeDts
The financial 5taternents of the charity, which is a public beneflt eTLtity und¢r FRS 102. have b¢¢n PT¢par¢d in a¢eordan¢e
with ihe Charities SORP IFRS 1021 'Ac¢ouniing and RetK)rti¥L¥ by Charitics.. Statement of Recommended Practic¥ applicable
to charities preparing their accounts in occo¥dance with the Financi81 Reporting Standard appli¢8ble in th¢ UK and Republic
of Ireland IFRS 102} (eff¢ctive l JatLuary 2019).. Fingncial Reporting Standard 102 'The r,inancial Reporting Siandard
pplicable in the UK and Republic of Ireland, and the Charities Art 2011. Th¢ financial stAtcnwnts havc bccn pr¢paT¢d undcr
the historical cost convention.
Crld¢al a¢¢oyDtln8 Judgem¢Dts And key iour¢es of ethatl•n un¢crtslnty
Prepardlion of the fin￿n¢la] statements requires the trustees and manag¢m¢nt to mak¢ significant judgcmcnt5 estim&tC8.
The areas in the financial statements where theseiudgements and estimates have been made include..
- determillin8 the valuation of gifts in kind
the ullo¢atio# of support costs to eh8titable activities
detemiinin8 thc valuation and inclusion of legacy monies. Taking into acwiint thc probate date, ￿ndS foT1¢8aey to be paid
aDd ¢n¥uring any ¢onditions attached to lhe le￿¢Y ¢¢n b¢ m¢t.
All ii?¢ome 1$ r¢¢o8ttiJ¢d in th¢ Stat¢nKnt of binancial A¢tiviti¢S on¢e the ¢harity ha$ entitlement to the fvnd$. it 1$ prob8bl¢
that th¢ income will be received asxl th¢ amount can ￿ m¢aSUTed reliably.
Expendlture
Liabiliti¢8 ar¢ T¢¢ogni$ed 18 ¢xp¢nditur¢ As Soon 8$ th¢r¢ 1$ a l¢gal or con8tNctiv¢ obligation ¢￿ttM)ning th¢ ch#rity to th&t
eXpendI￿re, it is probabl¢ th#t 8 trAnsfer of ¢¢onomi¢ b¢nefits will be required in settlement and the amount of the obligation
can be me&4ured reliably. Exp¢nditur¢ i¥ HcLounted for on an accrua13 hasis and has been cl￿%1f1ed under h¥adingy thut
a88re8ate all cost rclat¢d to the ¢Htegory. Where costs cannot bc dirccily ai¢ributed to particular hcadings th¢y have been
allocoted to activities on & basis congi8teni with the use ol're50urce8.
TAxatlon
The charity is exempt from tsx on its charitable aclivitie5.
Futtd i¢¢ountlng
Unrestricted fund5 can be used in a¢¢ord4n¢e with the ¢hoTilable objectives at the discretion ofthe trustee
Re$tri¢t¢d fijnds can only be used for particular restricted purposes within the obje¢t5 of the charity. Restriction5 0ris¢ when
S￿¢Ified by the donor or when ￿ttd8 are raised for pttrticular rtstriciod purposes.
Further explllnation of the nulure and puryose o1¢och (und is included in th¢ notes to the fin8n¢ixl stitemenl5.
Caib 4t b4nk In h&nd
Casb at bank in hand rq)resertts $u¢h a¢¢oitht$ and An$th]n*ttt$ thttt art available on d¢mand or ￿aVe a m&turiry vf less than
thTee munths from the date of acquisition.
Cmolng Conetrn
The trnstees hove a8sessed whether ihe use of the going cuncern a&qumption is appropriate in preparing th¢8t financial
8tat¢n*nts. The tnjsteeg have made this assessment in respect to a period of one year froni the da* of approval of these
financi81 siatem¢nts.
DONATIONS AI¥D LEGACIES
31.3.23
Donations
Legacies
513
B33,510
833.510
513
Pa8e 8
ntinua...

THE FABKON FOUNDATION
EST
E FINAN
AR
ATEME
SUPPORT COSTS
GoY¢mance
osts
inance
Tots]s
Other r¢source8 expeJJd¢d
4.800
4,804
TRUSTEES, REMUNERATION AND BENEblTS
There were no trustec8' remuner&tion or oiher benefits for the year ended 31 March 2024 nor for the year ended
31 Mareh 2023.
Tru$t¢e5' expenses
There were no trustees, expenses paid for the year ended 31 2024 twr for thc year ended 31 MarGb 2023.
COMPARATIVES FOR THb STATEMENT OF FINANCIAL ACTIVITIES
UDrtstricted
fund
INCOME AIYD ENDOWMENTS FROM
Donations and legacies
513
EXPENDITURE ON
Oth¢r
NET INCOME
509
TOTAL FUNDS CARRIED FORWARD
509
INDbPENDELYT EXAMINERS REMUNbRATION
Thc indcp¢nd¢nt cxamin¢r ho$ r￿civ¢d £4,800 for ih¢ir rcview of th¢ financial $lal¢ments.
DEBTORS: AMOU.YTS FALLING DUE WITHIN ONE YLAR
31.3.24
31.3.23
Le8acy monie8
833,509
Pa8e 9
continued...

THE FABKON FO
NDATION
AN
IAL ST
AR ENDED
TEME
IMAR
CRF.DITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Oth¢r Creditors
4.800
MOVEMEiYf I1¥ FUNDS
Net
n￿Ve[n¢￿t
in tunds
At
31.3.24
At 1.4.23
Unres¢rlc¢ed funds
General fund
509
828.706
829215
TOTAL FUNDS
509
828.706
829,215
Net moven*nt in included in ihe above ore as follows..
Incoming
T¢source¥
ResouTC¢S
expen¢Jed
Movemcni
I￿ funds
UnTestrl¢ted
G¢Deral fvnd
833,510
(4.804)
828,706
TO'fAI. FUND.$
833,510
(4.8041
828,706
Conwaratlvey for n*)vcmcrtl In fundi
Net
movement
in ￿ndS
At
31.3.23
Unre8trl¢led fvnd$
G¢ncral ftind
509
509
TOTAL FUNDS
509
509
Comparative ne¢ movemeni in fvnds. included in th¢ above ar¢ 88 follows..
Ineoming
r¢8our¢es
Rek)urces
expend
MovemBnt
in ￿ndS
Unrestrieted fwids
G¢n¢ral fund
513
141
509
TOTAL FUNDS
513
(4)
509
Page 10
continijed...

THE FABKON FOiJNDA
ION
THE
CIAL
TEM
MOVEMENT IN FUNDS- contlnved
A ¢urrent year 12 months and prior year 12 months ¢onJbined position is as follows:
Net
nwyejnent
in fimd$
At 1.4.22
31.3.24
Unrestrleted funds
General fiujd
829.215
829,215
TOTAL FUNDS
829,215
829,215
A current year 12 nM)nth5 and prior year 12 months combined net nw)vement in fijnds, inc]uded in the above gre as follows..
In￿mIng
rcsourc¢8
Movemertt
in funds
expend¢d
Unre8tric¢ed futtdl
General fi)nd
834.023
(4,808)
829,215
TOTAL FUNDS
834,023
{4.808)
829,215
RELATED PARTY DISCLOSURES
There were no related plty tr8nsa¢tions for the year end¢d 31 March 2024.
Pa8ell

KONF
DETAILED STATEMEf+rr OF FINA1¥
TIVITIES
31.3.24
31.3.23
INCOME AND ENDOWMENTS
Donarfons and legacles
Donalions
Legaeies
S13
833,510
833,510
513
YotAI resources
833,510
513
EXPENDITURE
Support ¢￿tR
Fln&n¢e
Bat]k ¢hgrge$
Governante costs
Accountan¢y ond legal fee$
4.800
Total nsources ￿pended
4,804
Net kntome
828,706
509
Thts page does not form part of th¢ sta￿tOry financial statements
Page 12