REGISTERED COMPANY NUMBER: 00897412 IEnglaDd Wzle51 REGISTFRED f.HARITY NIIMBER: 237618 Rtport of tht Trn$tees Uthudited Fithncial Sttemetht$ for tht Y¢r Ended 31 December 2023 for L'ABRI FELLOWSHIP B20 Limifrd Chartered Certified A¢counian18 char11 IIou5¢ Wilsom Rolld Alion Hampshire GU34 2PP
L'ABIU FELLOWSHIP CollttDts of the Fiuiciil StattmeDts rortbe Yer EAdtd JI Dtttmber2023 Page Report of the Trwttts Indtpeudtnt EAThiDtr'J Report Ststemellt of Fin•n¢il Atlivitits B•lntt Sheet 5 10 6 Notes to the P1¢1#1 Sttemetsts Detsiled Stieiiitut of FiDXDciII Adiwities 13 to 14
L'ABRI FELLOWSHIP Rtport of the Trustte5 ror Ihe Y¢&r Ended 31 Detember202J The Irust¢es who Bre also directors of the charity for the purposes of ihe Companies A¢1 2006, PTesenl their rerrf)rt wjth th¢ financial ststeJnent5 of the charity for the year ended 31 Decetnber 2023. The trusiees have adopted Iht provisions of A¢counling and R¢poniftg by Charili¢s.' Siai¢m¢nl of Recommended Practice applicable lo chaTilie5 preparing Iheir a¢wunts in &rKordance with the Financial R¢p)rtin8 Standlrd opplicable in Ihe UK and R¢public of Irtl3nd IFRS 102} leffe¢iiv¢ l January 20191. OBJECTIVES AND ACTIVITIES Obj¢¢tiv¢$ and 4im$ The prin¢ipal activity of the company is th¢ running of the Christian study ¢enire and missionary community in England locllted Bt The Manor Hous¢ and 1¢0M¢S stsdenis 10 und¢rlake a ¢ourse of study for periods of up to three months. During the year solar panels and a baiiery wete tsdded 10 the Sthbl¢slQran3ry to supply and Sre solar electricity. following a designated gift. A further projerl Is planned for Ibe Old School House in early 2024. A deSIated gift w85 also r¢¢¢iv¢d for the installaiion of wood burning stoves for the Manor which we hope lo uDd¢rtak¢ in 2024. STRUCTIIRE. GOVERNANCE AND MANAGEMENT Governing d0tment The chatity is controlled by its gov¢rDing do¢um¢DL a deed of th]st, and constitus a limitrd cotnpany, limited by gwdfdntee. as d¢fin¢d by the Compani¢s A¢1 2(Y)6. Relalcd parti L'AbTi Fellowship is conn¢ct¢d to a nwjiber of other independently in¢orporaied charilj¢5 in other parts of the world by rtue of overlapping Boarth and sharing a wmmon hisiory and obje¢ts. The Dir¢¢10 have adopted a pNili¢y for the anagemenl of any tential confli¢1 of inier¢sts Ihw Ight9[i5e. REFERENCE AND ADMlh'VSTRATIVE DETAILS Registered COmpaY umber 897412 IEnglaDd and Wales) R¢gi5tered Charity thomb¢r 237618 R¢gistered otritt The Manor Hous¢ Greatha Liss GU33 6HF Tru$ttti A M¢GTegor H Reitsema R Ludwick C S¢hei R Bradford B Keyes H Fellows Compiy Setrtllry Drj P8uI Page I
L'ABRI FELLOWSHIP Report of tb¢ Trusttt5 for the )"eAr Ended 31 De¢ember20LI REFERENCE AND ADMINISTRATIVE DEfAIts Independent ExxmiDer Mrs Camlin¢ Scull BA FCCA B20 Limited Chartered Certified A¢countants Charwell House WiLsotD Road Altyn Hampth¢ GU34 2PP Approved by orderof the trK>ard of on...................... . signedon its behalf by= Trust Pa8e 2
IMdtpElldtDt Examiner's Report w tbt Trnstees of L'ABR[ FELLOM'SIIIP I#dEpridtht rtport to the tThslttJ ofL'ABRI FELLOWSHIP I'iht COp1•Y.) rew>rt lo the ¢harity on my eXaml&tiO of the (0ts of the CompDy the year ended 31 Decemb¢r 2023. ReypoThsibilitieJ #d b$i$ of TtPDrt As the charity's tnL5tee5 of the Cornpgny land also its di¢10T5 forihe PUTPOSCS of ¢ompany lawl you are re5wn5ible for the prepaT81ioD of the ac¢ounts in accOrdw¢ with thc Tequirem¢nts of th¢ ComlIeS Act 2¢I)6 Ilhe 20 Art). Having satisfied myself thai the accounts orth¢ COmnY noi required to k audited under Part 16 ofthe 26 Act and gst eligible for indekrndenl examinaiion, J in reyct of my cxwninatwn of y{Mchar[ty'S acCots &$ tarried out under Section 145 ofthe Charities Act 2011 Ilhe 201 l Acfj. In canying out u]y exInal]0n J hav¢ folJow¢d th¢ DirtiOnS give5L by the Clrity Commission un&T Section 14515) Ibl of tht 2011 A¢L IDd¢peDdent txamillerfs stAteJn¢lll I have coJnplet¢d my examu]ation. I that rm) matttts bave ¢omc lo my &ttentiD]J ill totb)t¢Tr with the examinaiion 8Lvin8 me cause to beli¢v¢= 8cwunting rtwtds were not k¢pi in resrrti of the Company Is required by S¢¢tM)D 386 of the 2(M)6 A¢L or the accounts do Doi accord with recoTd%' or th¢ a¢eounts do not comply with the accounting qUi[Pl]lents of S¢¢tion 396 ofthe 26 Act othEr than any reqUUenKl that the aecowjts give a tsuE aDd faÉr vi2w wthtch ts a matttr CA)Dd¢red &s part of an In¢kndEDlexatninattOft: or the aonts have nDt b¢¢D Prepartd in accordte with the meth(th aThJ prin¢ipies of the Ststemettt of Re¢om]neuded Practi¢¢ for a¢¢ounting alld rertIng b) clwities lappli¢abl¢ 10 ¢hariii¢s preparing their aoNts uj accoTdan¢e wtth the FitWKial RerA)rting StsndaTd applicable u] the UK and Republic of JT¢I8J {FRS 10211. I have concerns gnd hav¢ come a¢mss M other]Datters ID with the exatninaboll to which attention sboukj be ardryI in this T¢P)n in orderto e]Jble apper UDdEf5tanding of & x(unts kn be teh MrsCarolin¢ Scull BA FCCA B20 Litnited Chart¢r¢d CcrtifKd Acwuntants Charwell House Wi]sorn Road Alwn Hampthi GU34 2PP P•8t 3
L'ABRI FELLOII'SHIP StlemeD¢ of FiDID¢i•l Actrb'itie for iht I'tr Ended 31 Drttmbtr 2023 31.12.23 Totsl rd$ 31.12.22 Totsl funds Unrcstri¢t¢d runds Rcstri¢t¢d runds Notfs INCOME AND ENDOH'MENTS FROhl Donations Hnd legacics 100.075 IiXl.075 215.194 Chiritsble ttlvltlts Chrislian Study Centre 93.435 93.43S Si John's Field 4.046 4.046 I.IK)O Inveslmtni income 43 Total 198679 326 550 EXPENDITURE ON Ch•ri14ble a¢ibviiles Chrisiiin Study C¢nlre 228.893 22&893 193.563 51 John's Field Toll 234 234.884 21)4.367 NET INCOMEIIEXPENDITIIREI {362OSI 136.2051 122.183 REC.ONCILIATION OF FIIYDS To¢al fund5 brou8hi fonvaTd 528,628 528.628 401445 TOTAL FIINDS CARRIFD FORM'ARD 492 423 492.423 528.628 Th¢ notrs form w of thes¢ fLnarKial Page 4
L'ABRI FELLOWSHIP BlDte Shttl 31 Dteembtr 2023 31.12.23 Totsl funds 31.12.22 Total funds Unrestricfrd Resththed FIXED AssErs Tangible assets 394.748 394.748 372.205 CURRENT ASSETS Stocks D¢biors C&sh ai bank and in hattd 438 56253 438 56,253 663 43,694 123 785 107.572 107.572 168.142 CREDITORS Amounts fallillg due withinone year 19,8971 {9.8971 NEf CURRETrU ASSETS 97.675 156423 TOTAL ASSETS LLSS CIIRRENT LIABILITIES 492.423 491423 528.628 NET ASSETS 492.423 492 423 528 628 Fuf4DS Unrestrictrd fwjds io 492 423 52 TOTAL FUNDS 492 423 528.628 ThE chaTttable ¢ompany i5 ¢ntitled kn Oxempti fmm audit w)(kr S¢ct¥)n 477 (bf the Companies Ath 2(106 for the ye en(kd 31 Deiemlr 2023. The Enemlxrs hav¢ not re41rtd tht comF4ny w obtsin an audit of its futtiai State]]nts for th¢ year ¢nd¢d 31 D¢(%mE¢r 2023 in a¢cord¢ with Sectmm 476 of the Companies Act 2(K¥6. trCeS ackledge T¢sn51711ttIeS for tnwing that thE ¢haritsbk company k¢eps acco18 reiayds ¢omply Seciiorts 386 aJLd 387 of the Companies Act 2(K16 a1 pr¢parin8 fujarjcial ststrmems wthi¢h giv¢ a And fairVW of the of atyairsof the charitable cotnpany at the end of eoch full11 year and of its surplus or defjcit for each financi y¢4r in a¢eordanct Mith th¢ r¢qy1r¢mentsofstdfis 394 395 and which othen4ise comply with the requtrements of tk compleS Aci 2(¥)6 reIng w rwa]1 5t&metht& str far&s applicablc w th¢ ¢hawithbk company. {bl Th¢ form of these fllwjcial stm¢nts Po8¢ 5 tontinued..
L'ABIU FELLOIVSHIP Jl De¢ember 2Q23 These fjtwjct stateme]]ts have PTerATed iti with the provision5 applicable 10 charitable eompanies svbj¢ct to th¢ small compsnie5 regime. The Inan¢iaS stsi¢m¢TJlS were apptoved by the Board of TnLs¢s and authoris¢d for i55U¢ . gnd We signed on its bthalf by". The n0tr5 forni Fwrt of finaftci Stsm¢nts Page 6
L'ABRI FELLOWSHIP Nott5 to the Financifil St•lement$ for ihe Yt8r Ended 31 Dttembtr2023 ACCOUNTING POLICIES BASI$ of prepfiring iht fiTrRncisl statementy The financial statements ofthe charitable company, which is a public ben¢fit entity under FRS 102, have been PT¢p3red in accordanre with the Charities SORP IFRS 1021'Accounting and Reportinby Chariiie5.' Statelnent of Recommended Practice applicable lo ¢haMiies prepaTing their accounts in accDrdance the Financial Reporting Stsrtdard applicoble in the UK Dnd Republic of Ireland IFRS 1021 leffe¢iive l January 20191,. FitWiCi81 Repothng Standd 102 'The Finan¢i31 R¢porting Stand3rd applicable in the UK and R¢public or ITeland' and th¢ Companie8 Aei 2006. The fin2nciRI statejnents have been prepared und¢r the historical co convention. 1come All income is re81$ed th the Stsie]nenl of Financial Activili¢s once the charity hag entitlement lo the fund& il is PD)bable thai the inwme 11 be r¢ceiv¢d and th¢ amouni b¢ measur¢d r¢liably. Expendilure Liabililies are recognised as exp¢nditure as soon as there is ts legal 01 wn$iruciiv¢ obligation cotnmining th¢ ¢harity 10 thai expendilUTe, il is probable that B tr8nsfeT of ¢¢onomi¢ benefjts will be required in s¢ttl¢ment and the amtsunl of the obligation can b¢ meTed reliably. BApendiiure is accounied for on an acc1$ basis and has been tlassif]ed under headings thai aggregat¢ all ¢osi related 10 Ihe category. Wh¢re costs cannot be diT¢CtIy attributed io partieulaT head8S they have been a]located to activities on B basis ¢on$isieni with the use of reUTee$. Grants offered subj¢th eonditiorts whs¢h have not bEen met tsi the yetr end da ar¢ TJod as a comtnilment but ot srLIed as expenditure. Tgngiblt fiytd 4$5ets Depre¢iaiion is provided al the following anDval rntes ui ord¢r to writ¢ otywh Se1 over its estimated useful Fjtthold prop¢rty Fixture5 and fittiiLBS at varyillg Tales on ¢osi 150/0 on reducing balance Stoe Slo¢ks are valued ai the lower of Cost and n¢1 risab]e valuB, after making due loWCe for obsol¢l¢ and slow moving it¢m& TyAtio The charity is ¢x¢tnpl from Corporation tax on its ¢harilable activities. FIDd o¢tOUDtillg Uttrestricd funds Can b¢ used in atrdan¢t Nryih the ch8ritsble obj¢clive5 at the discretion of the trustees. Re5thCt¢d funds can only be used for particular r¢strict¢d purposes rythin the obj¢cts of the Charity. Resiriciions Arise whtn ¢]rIed by the donor or th¢n funds ore rtsised for particular restTicied purposes. Further explanation of th¢ natur¢ and purpTr5¢ of ¢xch fund is included in the notes lo th¢ fin8nci&l sl8lementS. to$ts oth¢r POBI-r¢tirement benefits Th¢ charithbl¢ company orKraies a defined contribution FJ)SlOD scheme. Conlribuiions payable th¢ charitsble COKLpany's pension Echetn¢ are ¢harg¢d lo ihe Si&iemeni of Finan¢iAI A¢livitlg5 in th¢ p¢riod to which they reJa. Phge 7 eonlinued...
L'ABRI FELLOII'SHJP Notes to Ibt Fiill¢ial StAttmtlbts- ¢ODtinu¢d for the l'ear Ended JI December 2023 INVESTMENf INCOME 31.12.23 31.12.22 tkrAJsii A¢¢ouni irtltTt 123 43 NET INCOMFNF.XPENDITIIREI Nct incomdl¢xFtndiNTe) is st8d after¢h8r8inyllcrtdilithBI.' 31.12.23 31.12.22 Depreciation. a5%ts 5.302 TRIISTEES, REMIINERATJON Ar4 BEYEFITS Th¢r¢ w¢r¢ no trus$, remyrnI)n OT other benef for the year ended 31 Ikcemtrrtr 2023 nor for the year ended 31 December 1022. TTh$l¢es' expensts There Te W Injtel expenses paid for th¢ year enthd 31 De¢emt¢r2023 Th)r for the year ended 31 D¢¢¢mb¢r 2022. C.OMPARATiVES FOR THE STATEhlEP4T OF FINANCIAL ACTIVITIES Unre5thcled fund5 Restrieied fund5 Total funds JNCOME AND ENDOWMENTS FROM Donations and l¢gaciE$ 215.194 215.194 CbArit•bl¢ tifvltits Chrisiian Siud) Centre Si John's Field 1,0 Inv¢sthnt 43 43 Tot*1 326 550 326 350 EXPLNDJTIIR Tr. O Cb•ril•bl¢ i¢tlvlikJ Chris¢ian Study C¢ntr¢ 195.563 195.563 Si John's Fiehl 8,804 8.804 Totsl 204 204 367 P4e8 ¢ontsDU¢d..
L'ABRI FELiDIISHIP Notes to ibe Fiincil Sfxttmtnts- toDtiowtd rortbt I't¥r Etsdtd 31 Dtttmber2023 Co[PARATIVEs FOR THE STATEMETff OF F1NANCIALAcfiTlES- ¢ontlllMed Unxestrided funds Restrided funds Totsl runds 21M Nrf 1Tr4COME 122.183 122.183 RECONCILIATION OF F1Tr4DS Totsl funds brought foThvaTd 406.445 406.445 TOTAL FUNDS CARBJED FORWARD 528 628 528.628 TANGIBLE HXED ASSEtS Fixtures Frtehoid property rittu]gs Totsjs COST Al l Janu8ry 2023 Additions 482,350 70.912 32 553.262 At 31 D¢c¢rnber2023 482J50 103.146 585.496 DEPRECIATJOYJ At l January 2023 Cbarge foryear I 14,303 4.233 66.754 5.458 181.057 9.691 At 31 Decellts 2023 118.536 NET BOOK VALUE At 31 DCT 2023 363,814 394,748 Ai 31 Dttember 2022 368.047 372 205 STOCKS 31.12.23 31.12.22 Stycks 438 663 Page 9 toDlinued..
L'ABRI FELLO)VSHIP P4oles to Iht FlnAth¢iI Stiemtnt$- continued for the Ytar EDdtd 31 Detcmber 2023 DEBTORS- AMOUNTS FALLING DIIE WITHIN ONE YEAR 31.12.23 31.12.22 Tr&de debtors Oiher debioTS Gift aid recov¢rabl¢ Prepayments 382 54.618 1,253 217 40,654 1,535 CREDrroRS: AMOVNTS FALLING DUE WIT14Jli ONE YEAR 31.12.23 31.12.22 Social security aT5d otheT tLxes AccnKd expenses 9.897 MOIIEMENT IN FIINDS Nei movement in funds Ai 31.12.23 At 1.1.23 Ullrtstritttd funds General fund 516,617 141,3571 475.260 St Johrl's Trust 528 628 492 423 TOTAL FIINDS 528 628 492 423 Net movem¢nt in futLds, included itt iht abov¢ are as follows.. Resources expEnded Movemejjl D) fund5 r¢50UTC¢S UnTeitri¢ted fllDdi G¢n¢roJ fund 183.430 1224,7871 141.3571 St Jobn¥ Trust 198679 234.884 36 2051 TOTAL FUNDS 198679 234 8841 36 2051 Pa8¢ 10 ntinued...
L'ABRJ FELLOWSHIP Notts to Ihe Finllncial St4tement$- ¢otIn¢d for the Yer Ended 31 Decembtr 2023 io. MOVEMENT IN FUNDS- ¢oTrlinued Compr*tl¥ey for movement ID Net mov¢menl in funds At 31.12.22 Ai 1.1.22 Unrestricted fuDd$ Gen¢rnl fund 395.630 120,987 516,617 Si John's Trusi 122 183 528 628 TOTAL FUNDS 122 183 528 628 Comparative nei movement in fund& included in the above gre B5 follow5.. Inwming re$our¢¢s Resources ¢XP¢Dd¢d Movement in funds Unrestri¢trd funds General fund 316,550 1195.5631 120.987 St Jokn's Trust 1,196 326 550 122 183 TOTAL FUNDS 326 550 122 183 A ¢urreni year 12 rnonths and priory¢gr 12 months combined wsition is follows.. Net mov¢m¢ni in ftstsds At 31.12.23 Ai 1.1.22 Unrestritt¢d fuodj Gene fut 395,630 79.630 475.260 Si John's Tru 492 423 TOTAL FIINDS 406 445 492 423 Page 11 C4)nlinued...
L'ABRI FELLOWSIIIP Nott5 to the Finllncil Sttements- eothtirtutd for the Ytir Ertded 31 Dteember 2023 io. MOVEMENT IN FUNDS- ¢ontlnued A curreni year 12 months and Prior year 12 months combined nei movement in funds, included in the alY)ve are as follows.. IncoTning resources Resources expended Movement in funds Unrtstrlcied fundy GeD¢ral fvnd 499,980 1420.3501 79,630 Stjohn's Trust 525 229 439251 TOTAL FIINDS 525 229 439,2511 RELATED PARTY DISCLOSURES There Te rel8t¢d party transaciions for the year ended 31 Dec¢mb¢r 2023. Po8¢ 12
L'ABRJ FELtnWSHIP Detailed StstemtDt of Finneil A¢liviti¢s for the I'tr Eidtd 31 Detembtr 2023 31.1123 31.12.22 JNCOME AND ENDOWMEYTS DonitlOn5 and leyties Donations Gifi aid L'Abri branch¢s 72.510 88.336 6.609 120 249 l(M),075 215,194 llve5tmellt IDtom¢ D¢FK>Sii account intsrest 1.123 43 Chiritlblt ¢tiViiits Grants StudeDt fees M¢dia and ideas Books Honoraria and sundries 91.057 945 658 775 105,796 975 1,782 Totsl inWmiDg rewurtts 198.679 326,550 EXPENDITURE Ch2rit2blc #cliviti Wages Pensions Rat¢s and Wxler I]J5urall¢e Light albd h¢at Repairs and mauJt¢ngnce Telepknlle and offjce exw) Meals and hous¢knld supplies Sundri¢5 Freehold proF¢rty Fiytures and fiUin8S GTants to individuajs 73,498 9,942 16.721 &614 26,287 30,716 981 34.222 514 4.233 5,458 4.485 77,811 8,136 21.505 5,838 18.251) 12.629 1.560 31.700 214 4.342 960 2.160 213.671 185.105 Support em Travel expenses Helw expenses Book-kttpiDR 8,888 3,246 3.026 18.162 12.792 This p4e dS form partof thc st#lutory fManCi sth*m¢Thts Pw13
L'ABRI FELLOWSHIP Detalled Statement of Fina¢11] Activiiles for tbe Ytar Eded 31 Dtce]nber 2023 31.12.23 31.12.22 MAttgemtllt Bank char8¢5 Other Booksto]e snd library Media and ideas library Eveni expenses 817 225 870 2,052 341 4.089 Govtrllnet 5¢$ A¢countancy and legBJ f¢¢s Totsl r¢souTces expended 234 884 204 367 Ntt (expeDditureyiDcom¢ 36 2051 122.183 This pag¢ d{ noi fonn part of the Statutory financial sts*menis Pag¢ 14