REcIsfERED COMPANY NUMBER: 008974Y2 IEng14nd attd W&ks) RECISTERED CHAIUTY NUMBER: 237618 Report of the Tru$tr¢$ Ood Uknaudlted FlnaknelAI Statements for the YeAr ENJ¢d 31 D¢¢tmber2024 L'ABR[ FELU)WSHIP B20 Llmlt¢d Ch8rteMI Certified Accountants ChaTw¢II House Wtlsam Rogd Alton Hamp5hiTe GU34 2PP
L'ABRI FELIKIWSHIP Contents olthe Flnanelal Stgtemtnt$ for ihe Y¢ar Ended 31 Detember 2024 Page Ryort of the Truste 1 2 ltsdependent Exgmlmtrlk Report StstemeDtof Flmfinel#l Ac¢lwitl BAIRDte Sheet 5 6 Ntst to the Flll4th¢141 Ststem¢nts 7 10 12 Detslleo Sts¢¢m¢ttl•f FIMAu¢ial Acdvltles 13 10 14
L'ABRI FELw$HIP Rop•rt •f th¢TrU#S tor tb¢ Yet FAthd 31 Deteber 2•24 The truAees dirt¢low5 ofthe chrity for the pwrKw of tr Com1 Ath 2006p Prn1 their re with financial thments ofthe ¢bwity fix th¢ ycu eth 31 DEcembeF 2024. The tru5e5 hve adopted the &w¥is)ns of A¢rfjuntin8 and RErtIng by aw111. Stimeni of Retommtn&d Prnctite AppIicAble to thtiiies prep8rillB thelr t¢¢ounts in ¢cord with the FInWbal •pplKk • the UK Rwbli¢ ofifflthd (FRS 1021 (effective l Janw 20191. OBcTIVEs AND AcnvmFS Objettlves •1 The principal athivty ofts u>mpny iitht nbin1orthE cthriAl #lY commlty in Bn8l•nd 2024. STRUCTUR& COVERNANCE AND MANAGEMENT Govvtsl4 do¢m¢DI lkn ¢IrIty is (ttrolkd ity govern4 dE¢d of o)niknth2s a limit¢d c¥)mw, Ilrnited iry iuw¥n¢ee, M dtfthtd by thecomleS Act 2. R¢lAled pjrtl L'Abri Felh)wthip is • nber ofothtt inthFrthnY chrittu othvr ofihe world by virt of0veri Bolrth shATir¥ • rnan hisw Ind obN¢iL The Dirt¢wrn b•ve athyed • l1¢Y for th¢ mJn28ement ofany kK)nii41 ¢4Dflith of th•t mi8hi wi. REFERENCE AND AIIMINISTRATIVE DETA113 Re8lrt¢red Comploy Dynber (K)897412 IEr4knnd and Wiksl ReIea CrIty 237618 R8lfftYd •ll GU33 6HF Truxteu A McGTe8or H Reits¢iiii R Lvthvi¢k C S¢heibe R Brndford B Keyes H Felkn C•mp•Dy S¢¢Y¢l*ry Drj Paul
L'ABIU FELiDWSIUP R¢ptsrt•f theTru5ttts f•rtht Yur FAed 31 Dettber211I REFERENCE AND ADMINRATIVEDETAlLs lttdtpeMdt#t ExamlDer Mrs carollscUlI BA FCCA B20 Lunited ChNrteTEd C¢rtif¢ed Ac0)w#ts Chan¥ell House WÈlsom Ro Alton Hampshi GU34 2PP Appm¥ed by onl¢rof th¢ i)d oftntste¢s _9OIS.. syed. ts behjfby:
IndepeDd¢n¢ Ex8rnlneVs Rort to of L'ABRI FELLOWSHJP Independenl tx4mltt¢r'8 Tqlort ¢0 Ihe trnttes of L'ABRI FELIA)WSHIP I'the Compa•y') I repDrt lo th¢ chority tnth¢s on my exarnin&tiort of the accovnts of the Company for the y¢r eThkd 31 De¢ember 2024. Rupothilblllthi alld b•Ats of r¢port As the tharity¥trus¢$ ofthe Company {and also its dwcclor5 forthe pllrp)sesofcompètty taw}you ar¢ r¢yn5ibk for th¢ wepthtlon oftht iccounts in 8ccordBftce wtth th¢ rquirements of the Comp8nie$ A¢1 20Q6 Ilhe 2006 A¢i'l. Havin8 t1$rd myself Th the a¢Murtts ofthe CompBny Are not rtquired 10 k wdited under Pth 16 of the 26 Act Ind llrE eligible for inderrtndeni exgminitioN I rwrt in rey¢i of my ex8min4lion ofYollrch1ty,S ¢•ryied out under Section 143 ofthe Chwities A¢1 2011 Ilhe 2011 A¢l'l. In corying out my ¢x8minatton I have fOlw¢d th¢ Directions8iven by th¢ ChATlty Commlsslon undcr Section 145{5) Ibl of the 201 l Act. Indty¢Dden¢ ex•mlner'i ¥lat¢ment Since your clwity¥ gros5 Income exccedcd £250,000 your examiner fflU be a Nrnber of a list¢d body. l Can wnfi that l &m qualifd 10 undertoke the examinltlon b¢¢Aus¢ l im i M¢Mr of th¢ As¥J¢iiiion of Chartered CertIfd ACcOlnts, wthkh is one of the11st¢d t4Jdie5. I hiv¢ ¢ompkt¢d my exgmingtion. I conllrni thi no mlllers have come to my •lt¢nilon In ty}nmhJtt wlth the ¢x8minatton Rivln8 rn¢ ¢4U% to belie.. •¢countln8 re¢oTd$ w¢re not kepi in ttspe¢t of the Company r¢qylT¢d by Sectlon 386of the 2LI)6 A¢1; or the Kcounts dD I¢rd wlth tho% r¢¢ords: or the a¢¢ounts do eomply with the gccountin8 requiremenll of S¢¢iloth 396 of th¢ 2(6 Acl oth¢r thlln athy requltemeni that the B¢covnts ilve i true hlr vlew thi¢h is not & mRtteT ¢onsid¢r¢d p8n of 4n Inderkndeni ex4minBtion; or the vxoynts have noi been prrportd in ll¢e4rdIn wlth the method5 and princ]¢5 of Sthiemenl of R¢wmmended PA¢ti¢¢ for th¢¢ouniB and reprtin8 by charilies lapplic•bic w ¢hgriti¢s preparin8 their g¢counts In acg)rdknc wlth the FSnAnctal R¢portin8 Swthrd ¥pIlbIt In ilrt UK and Republi¢ of lrniand IPRS 102)). I hive no uJrrfern8 Ind hive rome no oth¢T mAtim th wnne¢iion th tk ¢xamivtlOn to thl¢h in¢nilon ihould b¢ dr•wm in rtpon lth ord¢r to enable 8 proper undtr8tsndin8 of Ihe Accounts to t¢ rto¢h¢d. Mncwollne Scull BA FCCA B20 Limit¢d Chwkr¢d CertifKd A¢counlonts Charntll Hou Wilsom Rolld Al¢on H•mpshlte GU34 2PP QA2a5 Py3
L'ABRI FELlnWSHIP Sts¢eThrn¢ rffw•d•l Artivil rth YtarE•ded31 De¢tJDhtr2•24 31.1124 31.1223 Total DonatJns8nd lewi 341.981 341.981 100.075 Ch#TitAbk a¢livili¢s Christi&n Sts¥Jy Ceatre 111167 111167 93.435 StJoI,$ Fi¢ld (778 354 354 Totsl 19 EXPENDmiRE ON Chorithbk *¢livitl 235.195 235.195 221893 SiJohn'$ Fi¢ld 10 Totsl 217.415 217.415 136205) RECONCILIATION OF FUNDS Tola] fiLndsbrohI fontr?l 491423 491423 528.628 TOTAL FUNDSCARRIED FORWARD 49
L'ABRI FELLOWSHIP
B•laD¢e Sts¢
31 De¢¢thrI024
31.1224
31.12.23
Total
Unretyided R¢#ri¢led
FIXED Assrrs
Tllnglbk w¢ts
417.643
417,643
394,748
CURRENT ASSETS
Stockj
Debtord
C&¥h •ttd ITh hqnd
461
52.802
461
52.802
438
S))
305.911
305,911
107.sn
CREDITORS
Amoynts fdllng wlthln one yeftr
113,716}
113,7161
{9.8971
CURRENT ASSETS
TOTAL ASSFTS LESS CURRENT
LIABILITIVS
709.838
709.838
492,423
NET ASSETS
492 423
FUNDS
unr¢S¢t¢d fthdl
10
49
709 838 423
TOTAL FUNDS
49
709 838 423
The ¢h•tlthble ¢ompany is enty¢kd to ¢x¢mptlon fmm alit under Section 477 of the Compknlei Act 2006 for th¢ yegr
¢n¢kd 31 D
L'ABRI FELUIWSHIP B•l*•¢¢ Sh¢¢t. COD¢MJHe4 31 Dteembtr21124 subi¢L# to the SMRII Lyjmpsntes r¢gim¢.
L'ABRI FELLOWSHIP io the Fin%ntlol Sttements for the Yegr Ellded 31 Decembtr 2024 ACCOVNTING POLICIES Bolts orpr¢TI8 tb¢ fitstt¢lal $tstemenly The fmancial ststemellts of the charit&bl¢ ¢4)mpany• which 15 a public tri1 entity under FRS 102, have been pr¢pwrd 1¢) 8¢¢ordAJK¢ with th¢ ch¢1¢5 SORP (FRS 1021'AccouThtin8 and Reportin8 by Charitie& Sthtem¢ni of Recommend¢d PrAclice app]i¢3bl¢ to ¢hawiiie5 pYeparin8 their accounts in ac¢ord8nce with the Financi81 Ren1th8 Styndard applicable in the UK Republic of Ireland IFRS 102) (effective l January 20191.. FIn¢la1 Reporting Starldard 102 The Fin8ncia] R¢portin8 s(drI Appli¢abl¢ in the UK and Republi¢ or Ir¢l4n(r and th¢ ConyThi¢s Aot 2006. The financial statements have en pw2Ted under the bistori¢al cost ¢onveMton. In¢om¢ All inwme is re¢ognid in of Finlln¢ial Activitie5 on¢e tkn chBrity hos entiilement to th funds il is prnbable that the iKome will be Rceived and tk 011¢• b¢ me¢1 rtliably. EApeTrdilu Liabilili¢$ r¢ r¢cognistd &% expert41itur¢ o¥ soon hs there legal or MstnlIve obligation ¢ommilling charity to thai expenditur4 ii is probAble that a trAnsfer of e¢on0mi¢ krtefits will Fk Nuited irt settlement 8ttd thE aThunt orth¢ oblwtion can k m¢asuTed Telbly. ExpEndiiure 15 accounted foron arÈ accNa15 bas and hos i%eTh C]rd under headings that awe8ate 811 coll Teiatrd th the ¢480ry. Where ujsts ¢stu1 be directty attributed w partic¥l¥ IKadin8s they hw¢ kx¢n glloc&t¢d w a¢iiviii¢$ on 4 b#si$ ¢on$ist¢ni with the us¢ or rewurce& Grants offered subie¢tty ¢ondi¢ions wthich have not bEen met at the year end date aTe as a commitrneni b not accnRdas expendi[¢. T•D8lbk fix 98wts Depr¢¢i)tion 1$ provided at ts followin8 ratr$ in 0¢r off esch et over IL8 estimaled useful Freehold property Fu1u5 and fillings at varying ras on cost 15% ort redu¢in8 bA] Stock5 aTe vahJ¢d thr loww of&a)a ¥nd n¢t t¢aliry&bk value, 4ftw m&in8 du¢ al]ovAnc¢ forobsole¢e and slow movin8 im& TatIon The chsrity is exeTnpt fiom on its ¢hi¢able •Ville Fuud actODDth% UTwestr¢¢¢d furtds be in accord8ntt with the chvitsble obiectivesat the d)n of the truees. Restried fimds ¢•h ohty be for pArticuior reided pwp05es within the obi¢¢ts of thE ¢hority. Restrictions orl$¢ wh¢D spetified by the tJJTh)r or wlKn funds are Taised for particul $tri¢ PtstrA). Furfherexplsnlltw)n of the nAtur¢ puryA)s¢ of¢a¢h is in¢luded in the note510 the 51m¢1. P¢nstott r•sts #ttd otb¢r post-retlremtDt benellts The ¢lwitsb]e complny oFrale5 a defmed wntribution pension s¢l)em¢. Conin?tIOnS payable thE charitable company's pension 5chEm¢ ¢h4Tg¢d to lh¢ St4tement of Fin8n¢iol Aclivilies in the F¢rH)d to whieh they Telt¢. P•8e 7
L'ABIU FELLOWSHIP N•t¢s to ¢h¢ Flognel81 StstemtDts-WDliDue forlht Ytar EBded 31 D¢t¢mb¢r2O24 INVESTMENT INCOME 31.1224 31.12.23 D¢p05it 81 intrrcst 354 Nrf INCOMFJ(EXPENDITUREI N¢t in¢0Ml¢XpendlWreI is stsd thr¢hArgin(ctedJting). 31.12.24 31.12.23 14 TRUSTEES, REMUNERATION Af4D BENEFITS There were oo In¥tees' Temullernt)n or other benefts for the year ellded 31 ik¢ember2024 nor for the ye ended 31 DE¢ember2tr23. Tru¢. txpeD$es There We no eXnseS p8id for the year ended 31 Deeember2024 Mr for the yeBr ended 31 D¢¢mr 2023. COMPARATIVFS FOR THE STATEMENT OF FINANCIAL AcrivmES Unr¢strid¢d R¢stri¢d nds INCOMEAND ENDOwmEs FROM Don4lions and legacies 100.075 100.075 Ch•rfl*bleAclfvltles Christian Study Centre 93.435 93,435 JohftS Field 4.046 Inveslmeni in¢oill¢ Tot•1 19 19 EXPENDITURE ON ChArltsbie &tllvlti ChTiStiatt Study CEnlre 228193 22&893 Si John's 5,991 5.991 Page 8 ntinued..
L'ABRI FELIA)WSHIP Notes ¢0 tbe FinbDtiol Sts¢em¢Dts-eoD¢iDued for the Yr Ellded 31 D¢cembtr2024 COMPARATIVES FOR THE sfATEMENT OF FINANCIALAvITIE$. ¢wtlolled Unrestricted Restricted fw2ds Total NET INCOMEIEXPENDITURE) {36205) 13A2051 RECONCILIATION OF FtJP4DS Totsl fimds broh1 fomrd 528.628 528,628 TOTAL FUNDS CARRIED FORWARD 492 423 TANGIBLE FIXEDASSETS Freehold f1[ Tota At l janu 2024 Athliiions 482.350 103,146 585,496 At 31 E*c¢mber2024 482 350 96 622 746 DEPRECL4TION At l janu 2024 ChBrge foryear 118.536 71212 190,748 At 31 December 2024 205 103 NET BOOK VALUE At 31 December 2024 At 31 December 2023 363 STOCKS 31.12.24 31.12.23 Stocks 461 438 Pgge 9
L'ABRJ FELLOWSHIP Notuto the Flnollel&l Statements-e•tttlnll¢d forthe Year Ended 31 December2024 DEBTORS: Amour FALLING DUE WITHIN ONE YEAR 31.12.24 31.1123 TTa& debtors .939 49.796 382 54,618 Gift lid retovthbk CREDrroRS: AMOUNTS FALUNG DUEWITHIN ONE YEAR 31.12.24 31.1123 11.3171 {561) nd exper$ MOVEMENT IN FUNDS Net At 31.12.24 Ai l.la4 io fw?d8 Ullrestrieted fun 475263 217,332 692,595 St Jokn's Tntyt 17 217415 709 838 TOTAL FUNILS 492 423 217 415 Netmovenwoi in included itl the ai>Jve are as follo.. Inubmin8 resources MoV¢t expended UoTestrirtwJ funth 452J27 (235.1951 21?,332 StJohDts Tntst 463 24S 63 217415 TOTAL FUNDS 463 280 217415 P&8e 10 eontitiutd...
L'ABRI FELLOWSHIP Not¢¥ ts th¢ Flo#n¢lo1 Stat¢meDts- tontlDBed foib¢ Yeir Etsdd 31 Detber 2024 IQ MOVEMEKf IN FUNDS- toDtIDued C•thp#r#tfv# for movement l• thDdi movem¢ At 31.12.23 At 1.1.23 G¢tt¢Thl Iknnd 516.617 141,3571 475.260 StJohn'8 Th¥t 36 05 492 423 os 492 423 Compthtlvt net movemeTht kn fimd4 inclu4 In th¢ I¥¢ vt 19 follo. Inc4mtr rewurc¢s Rewrei Movqment ¢xpend¢d UnMtrl¢tod fund• Gen¢rnl fund 183,430 1224,7871 (41,3571 Stjtshni fn¥t 234 TOTAL FUNDS 198 679 234 884 205 A ¢mntye 12 monthi and prlory¢pr 12 month$ ¢ombkned pl¢ion 1$ u follo. Net movement At 31.1224 Ail.1.23 Uomtrltted fundi 13¢n¢rnl Ilukd S16.617 173.975 691592 Stjohn's Tnt 528 28 10 TOTAL FUNDS 528 628 P88e 11
L'ABRI FELLOWSHIP No¢u ¢• tb¢ Fltt#D¢lal St•t¢mtllts- eoDllr4ue forlbt Ytar EDded 31 Detember2024 Ia MOVEMENT IN FUNDS- CODtInd A curmtyw 12 nv)sth artd pwloTyeOT 12 months ¢ombln¢d nel mov¢meni in included ID the abov¢ ar¢ as follows.. lfteomiog Rwwtts Movement In fund5 Uore¥lrleted fvtsd• G¢n¢rnl fvthl 635.957 (459,982) 175,975 Johfi Tnt 767 661959 181210 TOTAL FUNDS 661959 REIATED PARTY D18CLOSURES Thert wtrt nts rtlthd pDrty trwwctloni for th ytarmded 31 D¢c*mber2024. Page 12
L'ABIU FELLOWSHIP Deta11 St*temeDt of FiDiueialAetlviti for tbt Ytar EDded 31 Dttemb¢r2024 31.12.24 31.1123 INCOME ANDEND0WMEs Donati• and legA¢I 202.001 97,218 3.367 72.$10 4,066 Gifi lid L'Abri brnnches 341,981 100,075 IDv¢s¢meD¢ illtome twsit a¢mt interest 354 Charltable A¢lfvltles 8,778 109,128 1.145 Student fees Media 8ftd ideL8 91,0S7 945 658 775 Tothl ID¢omlD8 re5•11re¢s 463280 19&679 EXPENDITURE Charhlbk •etSvlthi 91239 &760 17.129 156 30,443 15.121 73.498 9.942 16.ni 6,614 26,287 30.716 981 34,222 514 4,233 5.458 Pensions Iwur8nce Light Repairs and maiolenonce Telephone alldoff expethg¢s Me415 aThl howel¥Jld suppltes Sulldrie5 Freehold prortY 40.275 603 4.128 10.227 350 GTdntsto Individ 225.318 213.671 Sopport eosts Mats8g¢m¢nt Travel expe5 Helperexpejws Book.kttpti8 3,844 4.734 8.888 2,113 16,963 18,162 Th¥ p•8e dots not fonn part ofth¢ 5kntutory ffinancial statements Pw13
L'ABRI FELLOWSHIP Detslltd St8temeDt of FiDaDtiwl A¢tlvithi for th¢ YtaT End¢d 31 D¢ttmbtr2024 31.12.24 31.12.23 MaDa8eDMDt (7291 (121) Bookstore 8nd library Media and ideas lÉbrary Ev¢N exy 738 224 817 225 870 2126 1.912 Govern8Dee AcCounrY legal feE5 Totsl rewu1ttsexThd¢d 245 865 Net lutomexV1JlturéI 217 415 05 p48¢ do¢5 not fo part ofthe ststutyry fwJu¢ial stlltemeDIs Po8e 14