REGisfERED CWITY I¥UMBEIL. 229216 Report of theTrurteu UnAudlted Fln*Dd•l Sts¢ewts for th¢ Ye*r Ended 31 Det¢Jthr 2024 THE ORDER OF ST BENEDicfAT ALTON ABBEY B20 Ltmit&l Chanyell Howe Wilsom R(￿d At￿n GU34 2PP THE ORDER OF Sf BENEDll￿ AT ALTON ABBEY rfthe Flnxrtdal StAtem¢n foT the Ye*r Ended 31 Dttember 21124 Report of the Tro8teeJ IndepEndentExamlDtr's Report St*temen¢ of Flw•neknl Acdvld St*tsmeDt of FO￿￿¢￿ Poshlon N•tes to the F1ll•Dd￿ S¢•ttnKnts DetAlltd St•tement of FI￿￿e￿I A¢tMtk4 11 to 12 THE ORDER OF sr BENEDicfAT ALTON ABBEY Report of th¢ Tn for the YeAr Ended 31 December 2(124 The triste¢s pres¢nt their re￿rt with the financial stat¢meDts of th¢ chanty for the year ended 31 Detemter 2024. The stees have adopted the provisiolls of ALXOtmtiog and Kwting by Chan"tie8.' Ststemcnt of Recollmend¢d Practice applicable to charities prLy8ring their aC￿Unts in A¢iy)rthnce wtth th¢ FtDanc1￿ ReiwtiDg Siandard applicable in the UK and Repub]ic oflreltyl (FRS 102) (effedive l Janw 2019). OWEcfivES AI¥D A￿1vITIEs Objectlves And aln tott Abiw is registTcd as a ¢lwity with the Cbwity Commi￿10￿ with the objccl of 'the purrmm of the Order of St B¢nedi¢t and the maintenallre of destittrte and infinD merchant sern h¢x￿d at the Abbey, Al￿n, Hampshire,. Aceording to th¢ Con5titUtioD the obJ'¢¢¢ of thc Ckd¢r is to exist to allow th¢ hvlog of the ttM)nath aDd wittKSS to mon08tic values and insights in the ChU￿h of En¥And'. The pen8ionary for Merchant Seamen cl(wJ in 1989 but th¢ G)mmunity continue ￿ administer the Seamen'8 Friendly Soctety of St PauL for charitsbl¢ and reliw'ous Work amon8 Mercbant Sailors of any nation and the provision of accommodation foT retiTed 8ailor8. Thewav&% ofovel 2(KJ mercbAnt ￿11(￿5 arr to be fwid in the Abbty cemetery. Thc Community a]80 Such othercorrKJrnl wimks of mercy os Bhdl presertL The Community h&8 admittcd Oblatss (men living accoYdin8 to an individual Rule of Life rooled in the Benediaine ethos and charisn￿),' in the CUTfClli forn4 thts u￿ertake0 st￿¢ the mid 1960s. Oblatts live in the world with 811 the duties and re8pon8ibilitie8 of the Secular &ar¢, aThJ in the contexl of d*ir family life. Many of the Oblates ate clergy of the Chur¢h of En81ond wlM)se a580¢iation with the Abiry r(KJts aod str¢ngthens their spiritua] lifr ￿ thc bcncfit of their parish￿ and cOn￿rgaI201LS. Stn¢¢ Trebnwy 2024 the Abiw has been unable to supwjrt its Oblates. but 8 number of them arc explorAn8 ways that they m&y WDtinue &8 a gepm Wy. lu all th¢5e a¢tiviti¢5. the metnbers of the Community are mindfill of the Safe8wditi8 Principles that make th¢ life and work of th¢ Ab￿Y a safe aDd nouri$htn8 enVin)nM￿ f(r 411 con¢emed in its activities. The provision of. and ¢omplianc¢ wth, the Sts*ments And FM)lici&q of 5afeBuaTth"118 Is fouthjely mortitored and assessed in c4)opera(ion with the Dioc¢8e of Winehesrer. Sl8nlfl¢aDt Acthrftles Dun'ng thc FKriod of these a¢(x)unty the Cbarity has L￿TnU01 to nwintstft the Abbey ￿ the home for some of th¢ Life Profe&￿1 Monks. The Communtty continued to align itself with the Obiectsves of the S￿men,8 Frieadly Socirty of Saini Paul until the Insur¢ of that ChaTtty in June 2024. Durin$ the coutJ¢ of thls ytar the trustets have becn involved Tn discttssions to factlitste th¢ dispersal of the Life Professed Monks and th¢ Constitirtion been atlleD￿ in OTder kn cover th¢ new situation with tbe nujority monks no longer in residenc¢. The Abbey site ha¥ ixen for s￿¢ wÉth the ￿lsta￿￿ of Carter J(AW and the trustees are hopeful of ne8otsatm8 a sat¢ in 2025 during the coursc of the year. F￿ANc￿L REV￿￿ Reserves polley The buildings and other fixed wets of the ¢Fwity required Tn order f￿ It to carry oll its chatitable aetivities. The inv¢stsncnt wrtfolio is MaintsiD￿ in order to suppl(2n¢nt othet itKom¢ of th¢ clwity to meei those objectives and therefor¢ the trnstees have determmed that fund4 equal to th¢ net value of fixgj &gsets plus the njarket va]ue of the portfolto slM)uld Ix de8igTrat•l As & 311)ecember2024 this £3J51639. In order to ensu￿ that day to day wmm1￿ents can be n)eL it ts the trustee8 ￿l1¢Y to maintain a balance on Un￿StrIcted reserves which eqtJate5 to at Imst three months of UDrestrictsJ Paymen￿ At 31 D￿all1￿r 2024 this equates to £37J69 8nd the general fi]nd and cash at bank at 31 D¢iYmber 2024 exc¢&d this figLW Page I THE ORDEROF ST BENEDICT AT ALTON ABBEY Report of tbe Trnste for the Year Ende4131 D¢c¢mbtr 2024 STRu￿uRE, GOVERNANCE AIYD MANAGE￿IENT Governlllg 00￿ment The community was foU￿]ed &8 the Ord¢r of St Paul by awle8 Htykins 8nd the ]and at Be#h was purcb&sed in 1895. It is WTJStituted under a tsust deed dated l May 1925 {&s alneth on 17 D￿¢M1* 1980) and by a scheme s¢aled on 2 Sq)temb¢r 1982. It is as a ¢bariry with the Charity CollJmissioTL Trustees The trusie¢s who held office thmg the y￿r and at th¢ date of this rEPrt are 8¢¢ out page l. The Abbot for the titne being of the Ordcr of Si Flen￿1￿ is an ex officio artd other tr￿*¢$ ar¢ aptrf)inted by th¢ tnisiec%. Each t￿￿te¢ attends the meetings h¢ld at least four IiTAes & year. Tr trus*ts are tesp)D5ible for managing the 't¢roporaliues', that is the secular prop¢rties and posstssions of the Order. in conjundion with the Abbth and in dec4)rdan￿ with the trustdeeds. ID ￿yill8 Out th¢ set out in the trust deeds the tsUStr¢8 61wU xt Ulld¢rthe direction of the Abbot. REFERENCE AND ADMINISTRATIVE DETAU Reglgtered Charlty number 229216 Prlncipal #ddru8 Alton Abbey Abbey Road Beech Alton GU34 4AP Doin G Hill Dom A John80n DNPrice Dom A Shobrook Dom T BaviJ] Dom A Withersty)on T Abraham Rev Canon T PAke Rev J Evans Independent EiamlDer B20 Limited Chartered Certified ACco￿tants Charw¢ll House Wilsom Ro Alton Ilampshire GU34 2PP Approved by order of theiKwd of tn￿ m............ . . oll its beljaif by: Trustee Page 2 IndependeDt Examh￿r.S Report to the Tn￿lee$ of THE ORDEROF ST BENEDicf AT ALTON ABBEY independent eumioer's rwrt to the trustes fjf THE ORDER OF ST BElyEDl￿AT ALTON ABBEY I report to the cbariry t￿￿ets on my exami￿110￿ of the of THE ORDER OF ST BENEDICT AT ALTON ABBEY (the Trust) for the yearellded 31 DeceDkn 2024. RÉsponsibilltles and b*ts of report As tbe ¢barity of thc Tntst y(nL are tr$￿>￿￿lIe for the of the a¢￿unts in w*rdaDce with the r¢quirements of the Chariti¢5 Ac¢2011 (Ibekn). I report in r¢sped of my examinats.on of the Trusts A¢¢ou￿ s￿lI0n 145 of the Act atMI ID callylng out ury examlnatsou I bave foU0wr￿ all aK>lic4ble D]r￿tI(￿ givcn by the Ch￿lty Cornmiksion ulld¢T Sectxon 145{5Kb) of the ACL ludependent examther'i statement I have cornpleted my exalnin￿ltsll. I wnfiTtn thHt no m4trri41 mattry5 have my att¢ntion in Conn￿tiOn with the examlljation 8iViD8 m¢ cause ¢0 believ¢ that in w tnotaial rwL ￿￿oI1nting r¢¢ords weT¢ noi kw in respect of the Trust as rwiirnl by Section 130 of the A￿ ( the accounts do not accord with ItrK)se recor(K' or the accounts do not Comply with th¢ appli¢able rewirrnts coDc¢rning thc and wntent of accounts set out in the Charities (Accounts aDd Rcport5) Regu]8tioDs 2￿8 other than requirement that the accounts give a tNc and fair view which is not a maucr coLsidered as ofthts ind*i ￿1￿8110 I have no con¢ern8 8nd have come au0&8 no othcr mhttets in COUDeciiuD with the exami[￿tion to wbith att¢ntion should be drawn in thi$ rerth in order to enable a pro￿ und¢rn* of the acc£￿ts ￿ b¢ reac MRS C S SCULL BA FCCA B20 Limited Chartered c.ertified ACCO￿tallts ChaThvtll House Wilsom Road Alion Hmtnpshirc GU34 2PP Date.. Page 3 THE ORDER OF sr BENEDICT AT ALTON ABBEY Statsment tsf F1nxDL7￿ A¢liwttses for the Year Ended 31 Deeember 2024 31.12.24 Tots] funds 31.12.23 Totsl DoDations aad legacies 5.783 5.783 19.174 Other trading a¢tivilies Investlnent It￿Me iO,O(K) 29,176 25.778 25.778 Total 31561 31.561 58,350 EXPENDrruRE ON ChArlt•ble aetlvltlea Mhnisty Costs Governance 150504 20208 150.504 20208 110,248 40,475 Tot81 170.712 170,712 150.723 Nel gwns on invesllnen 34.125 34.125 1.080 NET INCOMEIIEXPENDITURE) (105.026) (105.026) (91,293) RECONCILIATION OF FUNDS Totsl fund5 brought fotivard 3.724,683 3.724.683 3.815.976 TOTAL FUNDS CARRIED FORWARD 3.619,657 3.619.657 3,724.683 THE ORDER OF ST BENEDICT AT ALTON ABBEY StstemeDt of Fkn•nclaJ Po￿l￿n 31 Deeewber 2024 31.12.24 Totsl fim 31.12.23 Totai funds fijnds FIXED A&SffS Tangible a&8ets Her1￿¢ &ssets Irlvestments 2,837.668 38,421 676550 2.837.668 38.421 676J50 2,838,103 38,421 697.490 3J52.639 3J52.639 3,574,014 CURRENT ASSKIS Stocks DebtOTS Cash at batjk and in hend 410 5230 64.103 410 5230 64.103 410 25,003 130,087 69,743 69,743 155,500 CREDII'ORS Amounts failing due withTn oney 10 (2.725) (2,725) {4,831) NET CURREwf ASSETS 67.018 67.018 150,669 TOTAL ASSETS LE&$ CURRENT LIABILITIES 3ffj19.657 3.619.657 3.724,683 NET ASSETS 3.619.657 3,619,657 3.724,683 FUNDS un[￿tri￿d fijnds li 3.619.657 3,724,683 TOTAL FUNDS 3.619,657 3,724,683 The fu￿¢18] statemgts w¢rt 8pproved by the Board of Tntstxq and authoriseA for isRue s.).￿:.￿￿... and OD l¢S t¢bJJf ty.. Trustee TrkL5tee THE ORDER OF ST BENEDICT AT ALTON ABBEY t• the ￿l￿and￿j StstemeDts for theYt*r Ended 31 Decem￿ 2024 ACCOiJNllNG POLICIES B41is of prep*rlDg the finIDd￿ The financial statemeDts of the charity. which is a publio benefit entity under Flis 102, bave tten prepared in ac¢oTdance witb the Cban"u(% SORP (FRS 102) 'Accountin8 and Rewg by Charits¢5'. Sr&temeut of Re¢tsmmend￿ Practice appbcable to chariti&8 ￿PArItig their accounts in accordance with the Finantial Reporting Standard applicabk in the UK and Rwubhc of Irelat)d IFRS 102) (effectiv¢ l J8nu8ry 2019)., Financial Reporting StaTthrd 102 Tr Financi￿ Rwtin8 Stat)dard applicable itt th¢ UK and Republie or treland, and the Charities Ad 2011. Tr fmanc441 statetnents bave be￿ pr¢pAred Und￿ the historhcal Cost convention, with the exffjiots of Investi￿ wlll.th are inclth a¢ matket valu¢, as modified by the revaluation of certain wets. Flnan¢lAI reportkng stADdard 102- reduced dkdNure exemptK) The charity h85 taken odvantsge of the followin8 d￿losU￿ ¢xemptson in prepring these fmancial stst¢m¢nts. a8 p¢mittted by FBS I￿2 Tr Fin￿1￿ Rwiting StaDd￿d appli¢able inthe UK and Republic oflreland,: the ofS￿li￿ 7 Sthtem¢th of C8sh FI￿. IDCOD All incomc is ￿A)gniSed in the Sthtemcnt of trinDncial Activitie5 1)nce th¢ Charity has ctititlemcnt to th¢ fimd it is probable that the incorn¢ will ￿ receiv￿ thc amowit can ￿ nK&wred ￿lIablY. Gift aid ij re¢ognis￿l alld dis¢kn￿ wthin dr￿atio￿s forts in wbich arise& Expendlture Liabilities arc reco8niyed ￿ eXp￿dI￿￿ as fth)n ts thur li a le8￿ or C￿￿￿trUthVe rt¥liwion ￿mMitt1ti8 the ¢han'ty to that expendiniie, It Is prob8ble that & tr#n8f¢r of economic beThefiL5 wll be ryuiyed in settlement and the amount of the obligation can be measured rtliably. EXp¢ndItU￿ is &Lx0Unt￿ for on 4n aeLn￿ b&si5 and has bcen clwified 4ULder headiD8S that 888Wte a]1 c(6t related to the categiKy. WheTe costs be directly attributyj to parti¢ui8r headings they ￿Ve be￿ allocatol th artivitie8 on a b88is consi6tent with the u5¢ of Grants offercd subject to eollditi￿ whith h￿¢ ￿ been met at the y48r end date at¢ as • eommitmcnt I￿t not 8¢¢nvJ &8 expth'llwe. Tangible Ilxed Dcprcciation is provided at the followin8 annual in WTite off exh &88& over its eStinU￿ usefvl life. FT¢eh)Id wop Fixwres und fittiD8S Motor v¢bicl¢s l(P/o on co# Where buildin8S 8re rnaiTJtsined to swh a that their e5tsmatoJ reyidud vwlue is noi less than the revalued amount thett Tb) detrfmation is chgrged as it in not C