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2020-12-31-accounts

Page
Trustee's
annual
report
Independent auditor's
report to the		 members
Consolidated Statement offinancial activities 15
Consolidated Statement offinancial position 16
Charity Statement offinancial position 17
Consolidated Statement ofcash flows
Accounting policies 19
Notes to the financia! statements 23
The following
pages do not form		 part ofthe financial statements
Detailed statement offinancial activities 43
Notes to the detailed statement offinancial activities 45

PCC Plans for Future Periods PCC Plans for Future Periods
In early 2020 the Abbey unveiled
its Mission Action Plan which set our priorities		 over the next 5years, pursuing our vision by
focusing in the following
areas:
Worshiping
and praying
Thanksgiving
Proclaiming
the Gospel
Telling
Growing
as followers ofJesus
Teaching
Caring as a church family
Tending
Pursuing justice and peace in society
Transforming
Sustaining
and renewing
creation
Treasuring
The PCC are in pmcess ofreviewing (&carrying forward
into 2021)the goals set under each ofthose headings,		 as follows:
Thanksgiving DEEPEN ABBEYPRAYER LIFE:Prayer meetings renewed (e.g.first Friday and last Saturday each month);
Prayer Stations and new Prayer Room established &resources; Prayer Minishy Team commissioned;
Prayer
training
courses mn, groups &resources promoted;
etc.
Telling PREPARE NEW CONNECTIONS
BETWEEN GOSPEL k.ABBEYHERITAGE. Develop		 post Footpiint
tours/trails/stewarding,
shop, art installations,
school visits, Discovery Centre, museum,
suite		 ofnew leaflets
k, guidebook,
concerts (&Bath Abbey Music Festival), etc.
Teaching OFFER
FRESH
LEARNING
OPPORTUNITIES.
Host		 a
series
of city
lectures
k,		 debates on
topical/ethical/theological
issues; occasional teaching sermon series; progress all-age learning		 at 9:30seivice;
develop school& family teaming
programme.
Tending REVIEW OUR PASTORAL CARE and MINISTRY WITH CHILDREN &YOUNG PEOPLE, Facilitated
by Abbey Pastor and Youth &Families Minister (with Volunteer
Officer etc.);set goals for 2021-22.
Transforming STRENGTHEN OUR CITY MISSION. Facilitated
by Abbey		 Missioner (& Mission Support Group, etc.);
set 2022 goals for partnering
&showcasing
with secular, inter-faith
&church
initiatives;
identify
links		 to
build with local needs, issues &interests.
Treasuring COMPLETE CURRENT FOOTPRINT
PHASE. Complete		 our planned
reordering;
Meet		 our financial
challenges
(by fundraising,
stewardship
and visitor donations);		 conduct k, implement ingoing eco-audit.
The majority ofthese priorities
have been impacted by / delayed by COVID-19 and so will be carried forward		 into 2021.

COVID-19 pandemic has led to aloss
of
our
visitor
income
and
a
significant
deficit
in
2020.
The
Abbey's
resources
have
been
depleted
because of the funding
of
the deficit. COVID-19 could cause		 COVID-19 pandemic has led to aloss
of
our
visitor
income
and
a
significant
deficit
in
2020.
The
Abbey's
resources
have
been
depleted
because of the funding
of
the deficit. COVID-19 could cause		 The Abbey Leadership
Teain have designed
and implemented
a survival
action plan which has been successfully
implemented
in 2020 (the 2020
operational
deficit was 50%offorecast),
The Abbey has been provided
with a support package from the Diocese together
with significant
grants. In
2021 the Abbey are budgeting
to incur a small deficit which can be covered
from reserves/
cashfiow.
the Abbey to become insolvent. Regarding
FootpiInt finances, we have been successful
in our fundraising
efforts and in being awarded
significant
additional
grants. We have a
standby
loan facility available from NatWest which covers our project
funding 5250k shortfall
by over 4 times. We continue to fundraise
in 2021,
COVID-19 pandemic
could
lead to
an
outbreak
with
staff,
visitors,
clergy which may mean that we may
have
to close. Possible
reputational
damage and failure could ensue.		 COVID-19 risk assessment
has been carried out and is updated
and abided
by. Staff' and volunteer
training
has been delivered
re hygiene
and social
distancing.
Social distancing
and hygiene
requirements
are adhered
to by
all. Masks are worn inside and we keep track and trace records. We
encourage
staff to stay/work
at home ifpossible.
Safeguarding:
The Church
can be a		 At Bath Abbey we implement
safer recruitment,
we have clear policies and
target for wrongdoers tiying
to take		 procedures
regarding
safeguarding
and
we
ensure
that
the
appropriate
advantage
of
the		 vulnerable
or		 Disclosure &Battling
Service checks are carried out and that Safeguarding
children. training
takes place on a timely basis. Safeguarding
is also a standing
item
on our re ular Personnel
and PCC discussions.
Over-reliance
on
a
stream.		 single
income		 Visitors to the Abbey generate income via donations,
tour fees or shop
sales. This income represents
over 70%ofthe total income ofthe Abbey.
We have over the years tried to reduce our reliance on this income stream.
In 2021,before the project has completed, we will have devised a long-term
Marketing &Events Plan for the Abbey which will look to develop a
significant
new income streams. This will be de!ivered to the PCC for
approval.
Abbey
congregation
and
volunteer
age
profile.
Nationally
CoE		 The average age ofthe Abbey's congregation
is approximately
in line with
the national
average for a church, being quite elderly.
congregations
are aged (average age		 We have employed
aYouth and Families Chaplain
to help achieve this and
61)and declining. are developing
plans for what we will do in the new building
post Footprint.
Completion ofthe Footprint project will enable us progress Ministry
and
Mission initiatives
and will make the Abbey a busy church/venue.
Live
streaming ofservices started in 2020 which we will continue post pandemic
as anew online con
e ation is develo
in .

Year ended 31December 20 20
2020 2019
Unrestricted Restricted Endowment
funds full(is funds Total funds Total funds
Note f.
Income and endowments
Donations
and legacies		 3 679,963 1,831,371 2,511,334 4,122,379
Other trading activities 4 109,122 109,122 572,540
Investment
income		 5 7,576 1,931 9,507 18,392
Total income 796,661 1,833,302 2,6Z9,963 4,713,311
Expenditure
Expenditure
on raising funds:
Costs ofraising
donations
and legacies		 6 (68,269) (50,358) (118,6Z7) (124,573)
Costs ofother trading
activities 7 (209,560) (7,977) (217,537) (424,276)
Expenditure
on charitable
activities 8,9 (1,002,253) (4,765,719) (5&7671972) (6,674,734)
Taxation 11 (290) (290)
Total expenditure (1,2110,372) (4,824,054) (6,104,426) (7,223,583)
Net gains on investments 12 (8,365) 8,840 475 37,049
Net expenditure
and net
movement
in funds		 (492,076) (2,990,752) 8,840 (3,473,988) (2,473,223)
Reconciliation offunds
Total funds brought
forward		 842,502 8,542,122 128,536 9,513,160 11,986,383
Total funds carried forward 350,426 5,551,370 137,376 6,039,172 9,513,160

2020 2019
Note f.
Fixed assets
Intangible
assets		 17 7,939 11,908
Tangible fixed assets 1Sa 2,2M,698 2,245,251
Investments 19a 137,376 235,117
2,366,013 2,492,276
Current
assets
Stocks 20a 68,384 58,422
Debtors 21a 3,005,204 5,173,586
Cash at bank and in hand 1,432,259 2,485,561
4&505,847 7,717,569
Creditors: amounts falling due within one year 22a (832,688) (566,685)
Net current assets 3,673,159 7,150,884
Total assets less current liabilities 6,039,172 9,643,160
Creditors: amounts falling due after more than one year 23 (130,000)
Net assets 6,039,172 9,513,160
Funds ofthe charity
Endowment
funds		 137,376 128,536
Restricted
funds		 5,551,370 8,542,122
Unrestidcted
funds		 350,426 842,502
Total charity funds 25 6,039,172 9,513,160

31December 2020
2020 2019
Note
Fixed assets
Intangible
assets		 17 7,939 I1,908
Tangible fixed assets 18b 2,220,698 2,245,251
Investments 19a 137,377 235,118
2,366,014 2,492/77
Current
assets
Debtors 2ib 3,086,834 5,264,452
Cash at bank and in hand 1&403,880 2,437,946
4,490,714 7,702,398
Creditors: amounts falling due within one year 221) (819,531) (552,571)
Net current assets 3)671,183 7,149,827
Total assets less current liabilities 6,037,197 9,642,104
Creditors: amounts falling due after more than one year 23 . (130,000)
Net assets 6,037,197 9,512,104
Funds ofthe charity
Endowment
funds		 137,376 128,536
Restricted
funds		 5,551,370 8,542,122
Unrestricted
funds		 348,451 841,446
Total charity funds 25 6,037,197 9,512,104

2020 2019
f.
Cash flows from operating activities
Net expenditure (3,473,988) (2,473,223)
Adjustments for:
Depreciation oftangible
fixed		 assets 26,158 23,149
Amortisation
ofintangible		 assets 3,969
Net gains on investments (475) (37,049)
Other interest receivable
and similar income		 (9,507) (18,392)
Interest payable and similar charges 5,186 8,369
Taxation 290
Changes in:
Stocks (9,962) (8,744)
Trade and other debtors 2,168/82 2,944,382
Trade and other creditors (52850) 91,615
Cash generated
froin operations		 (1/42,297) 530,107
Interest paid (5,186) (8,369)
Interest received 9,507 18,392
Tax paid (11,937)
Net cash (used in)/from
operating
activities		 (1,349,913) 540,130
Cash flows from investing activities
Purchase oftangible
assets
Proceeds fiom sale oftangible		 assets (1,605) (83,203)
8+17
Purchase ofintangible
assets		 (11,908)
Proceeds from sale ofother investments 98,216
Net cash Irom/(used
in) investing
activities		 96,611 (86,894)
Cash flows from financing activities
Loan from Diocese ofBath and Wells 200,000
Loan from Friends ofBath Abbey 130,000
Net cash provided
by financing		 activities 200,000 130,000
Net (decrease)/increase
in		 cash and cash equivalents (1,053,302) 583,236
Cash and cash equivalents at beginning ofyear 2,485,561 1,902,325
Cash and cash equivalents at end ofyear 1&432&259 2,485,561

Unrestricted Total Fuuds Unrestricted Total Funds
Funds 2020 Funds 2019
f.
Shop sales 73,487 73,487 374,942 374,942
Tower tours 19,305 19/05 148,413 148,413
Abbey hire and other fees 16,330 16,330 27,609 27,609
Singing for Schools 12,700 12,700
Melody Makers
Other course income		 5,676
3,200		 5,676
3,200
109,122 109,122 572,540 572,540
Unrestricted Restricted Total Funds
Funds Funds 2020
Other interest receivable 7,576 1,931 9&507
Unrestricted Restricted Total Funds
Funds Funds 2019
Other interest receivable 14,656 3,736 18,392
6. Costs ofraising donations and legacies
Unrestricted Reshicted Total Funds
Funds Funds 2020
Visitors to the Abbey 68,269 50,358 118,627
Unrestricted Restricted Total Funds
Funds Funds 2019
Visitors to the Abbey 124,573 124,573

Unrestricted Restricted Total Funds
Funds Funds 2020
Shop 121,645 750 122,395
Tower tours 45,813 45,813
Abbey hire and other fees 22,501 22,501
Singing for Schools 15,442 7,227 22,669
Melody Makers 4,159 4,159
209,560 7,977 217,537
Unrestricted Restricted Total Funds
Funds Funds 2019
f.
Shop 289,544 289,544
Tower tours 67,051 67,051
Abbey hire and other fees 31,205 31,205
Singing for Schools 29,629 29,629
Melody Makers 6,847 6,847
424,276 424,276
Expenditure
on charitable		 activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2020
Parish Share 186,115 186,115
Mission Support 34,190 18,654 52,844
Operating
costs		 255,505 12,448 267,953
Music costs 125,156 1,684 126,840
Work ofthe Ministry 35,831 39,127 74,958
Fabric Maintenance 7,710 26,871 34/81
Depreciation 8,170 2,515 10,685
Footprint project 19,009 1,930,798 1,949,807
Footprint delivery phase funded by HLF 2,678,134 2,678,134
Support costs 330,567 55,488 386&055
1,002,253 4,765,719 5,767,972
Unrestticted Restricted Total Funds
Funds Funds 2019
Parish Share 334,957 334,957
Mission Support 38,443 60,669 99,112
Operating
costs		 303,807 303,807
Music costs 161,304 26,035 187,339
Work ofthe Ministry 74,618 34,826 109,444
Fabric Maintenance
'		 40,631 790 41,421
Depreciation 20,314 2,657 22,971
Footprint project 64,532 2,177,177 2,241,709
Footprint delivery phase funded by HLF 2,950,209 2,950,209
Support costs 383,765 383,765
1,422,371 5,252,363 6,674,734

9. Expenditure
on cha		 ritabl e
act		 ivities
by activity		 ivities
by activity		 type
Charitable Work ofthe Total funds Total fund
givlilg Abbey Support costs 2020 2019
Parish Share 186,115 186,115 334,957
Mission Support 52,844 52,844 99,112
Operating
costs		 267,953 373,275 6411228 632,200
Music costs 126,840 126,840 187,339
Work ofthe Ministry 74,958 74@58 109,444
Fabric Maintenance 34,5&1 34,5&1 41,421
Depreciation 10,685 101685 22,971
Footprint project l,949,807 1,949,807 2,241,709
Footprint delivery phase
funded
by HLF		 2,678,134 2,6781134 2,950,209
VAT not recovered under
partial exemption 42„592
Governance
costs		 l2,780 12,780 12,780
52,844 5,329,073 386,055 5,767,972 6,674,734
10. Analysis ofsupport costs
Work ofthe
Abbey Total 2020 Total 2019
f,
Staffcosts 235,956 235,956 207,257
Finance costs 5,186 5,186 8,369
Governance
costs		 12,780 12,780 l2,780
Depreciation 6,011 6,011 8,396
Legal and professional 18,776 18,776 19,286
Office running
expenses		 45,687 45,687 40,210
Other costs 61,659 61,659 44,875
VAT not recovered under partial exemption 42,592
386,055 386,055 383,765
11. Taxation
Major components oftax expense 2020 2019
Current tax;
UK current tax income 11,647
Adjustments
in respect of		 prior periods (11/37)
Total current tax (290)
12. Net gains on investments
Unrestricted Endowment Total Funds
Funds Funds 2020
Unrealised
gains/(losses)		 on investment assets (8,365) 8,840 475
Unrestricted Endowment Total Funds
Funds Funds 2019
Unrealised
gains on		 investment assets 37,049 37,049

13. Net expenditure
Net expenditure
is stated		 after charging:
2020 2019
Amoitisation
ofintangible		 assets 3,969
Depreciation oftangible fixed assets 26,158 23,149
Operating
lease rentals		 58,241 52,909
14. Auditor's
remuneration
2020 2019
Fees payable for the audit ofthe financial statements 7,200 7400
Fees payable to the charity's
auditor and its associates for other services:
Audit ofthe financial
statements ofassociates		 2,400 2,400
15. Staff costs
The total staff costs and employee
benefits for the reporting period are analysed		 as follows:
2020 2019
Wages and salaries
Social security costs		 916,457
68,180		 867,698
64,694
Employer
contributions		 to pension plans 22&587 22,404
Other employee
benefits		 6,168 8,143
1,013,392 962,938

The group and the cha rity
Website
development
Cost
At I January 2020 and 31December 2020 11/08
Amortisation
Charge for the year 3,969
At 31 December 2020 3,969
Carrying
amount
At 31December 2020 7,939
At 31 December 2019 1l,908
Tangible fixed assets
The group
Freehold
property
and		 Footprint
leasehold project in Sound, screens
additions progress and staging Equipment Piano Total
Cost
At 1Jan 2020 219,136 2,012,522 260,267 164,462 70,464 2,726,851
Additions l,605 1,605
At 31Dec 2020 219,136 2,012,522 261,872 164,462 70,464 2,728,456
Depreciation
At 1 Jan 2020 72,299 260,035 127,036 22,230 481,600
Charge for the year 4,619 13,431 6,738 1,370 26,158
At 31Dec 2020 76,918 13,431 260,035 133,774 23,600 507,758
Carrying
amount
At 31Dec 2020 142,218 1,999,091 1,837 30,688 46,864 2,220,698
At 31Dec2019 146,837 2,012,522 232 37,426 48,234 2,245,251

Tangible fixed assets
The charity
Freehold
property
GIld		 Footprint
leasehold
additions
f		 project in
progress		 Sound, screens
and staging		 Equipment Piano Total
f.
Cost
At 1 Jan 2020
Additions		 219,136 2,012,522 260,267
1,605		 157,897 70,464 2,720,286
1,605
At 31Dec 2020 2 l9,136 2,012,522 261,872 157,897 70,464 2)721)891
Depreciation
At 1 Jan 2020
Charge for the year		 72,299
4,619		 13,431 260,035 120,471
6,738		 22,230
1,370		 475,035
26,158
At 31 Dec 2020 76,918 13,431 260,035 127,209 23,600 501&193
Carrying
amount
At 31Dec 2020		 142,218 1,999,091 1,837 30,688 46,864 2,220,698
At 31Dec 2019 146,837 2,012,522 232 37,426 48,234 2,245,251

Investments
The group and the charity
Listed
investments
Cost or valuation
At I January 2020		 235,117
Additions
Disposals
Fair value movements		 (98,216)
475
At 31December 2020 137,376
Impairment
At 1January
2020 and 31December 2020
Carrying
amount
At 31December 2020		 137„376
At 31December 2019 235,117

Year ended Year ended
31Dec2020 3l Dec2019
Profit and loss account
Turnover 102,026 382,997
Cost ofsales (41,273) (202,942)
Gross profit 60,753 180,055
Administrative expenses (122,056) (117,263)
Operating
(loss)/profit		 before taxation (61,303) 62,792
Tax on (loss)/profit (290)
Operating
(loss)/profit		 (61,593) 62,792
Reversal of 2019 distribution to Bath Abbey
PCC not paid 62,512 (62,512)
Result for the financial year 919 280
Balance sheet
Assets 117,506 116,205
Liabilities (115,530) (115,148)
Retained surplus 1,976 1,057
20a. Stocks
The group
2020 2019
Finished goods and goods for resale 6&,3&4 58,422
20b. Stocks
The charity 2020 2019
Finished goods and goods for resale
21a. Debtors
The group
2020 2019
Trade debtors 9,903 14,025
Prepayments
and accrued income		 44/74 55,290
Corporation
tax		 repayable 11,647
Gift Aid recoverable 14,186 22,523
HLF grants receivable 2,387,179 4,857,232
Other debtors 537,915 224,516
3,0058,04 5,173,586

Year ended 31December 2020
21b. Debtors
The charity 2020 2019
Trade debtors 1,264 8,356
Amounts
owed by group nndeitakings
Prepayments
and accrued income		 101,375
44,238		 89,392
54,426
Gift Aid recoverable 14,186 22,523
HLF grants receivable 2,387,179 4,857,232
Other debtors 538,592 232,523
3,086,834 5,264,452
22a. Creditors: amounts falling due within one year
The group 2020 2019
f
Trade creditors 500,183 465,713
Accruals and deferred income 104,178 62,784
Social security and other taxes 19,003 21,680
Wages control account 5,397 3,797
Loan fiom Diocese ofBath and Wells 200,000
Other creditors 3,927 l2,711
832,688 566,685
22b. Creditors: amounts falling due within one year
The charity
2020 2019
Trade creditors 496,498 455,353
Accruals and deferred income 94,706 59,072
Social security and other taxes 19,003 21,638
Wages control account 5,397 3,797
Loan from Diocese ofBath and Wells 200,000
Other creditors 3,927 12,711
819,531 552,571
23. Creditors: amounts falling due after more than one year
The group and the charity 2020 2019
Loan from Friends ofBath Abbey 130,000

Unrestricted
funds
The group
Gains and At
At I lan 2020 Income Expenditure Transfers losses 31Dec 2020
Current year
General funds
Fabric and general		 232,898 792,982 (1,227,173) 456,303 (8,365) 246,645
purposes
fund		 439,575 1,230 (440,805)
Footprint HLF
disruption
fund		 25,498 (25,498)
Footprint
development
fund		 80,132 2,449 (19,009) 63,572
Legacies fund 13,480 13,480
Sabbatical fund
Mission Suppott		 4,980 4,980
travel
Mission Support
Mission &Ministry		 3,000
42,939		 (34,190) 10,000 3,000
18,749
donations
842,502 796,661 (1,280,372& (8,365) 350,426
Gains and At
At I lan 2019 Income Expenditure Trans fers losses 31 Dec2019
P»''or year E
General
funds		 206,151 1,535,916 (1,867,685) 358,516 232,898
Fabric and general
purposes
fund		 436,530 3,045 439,575
Footprint HLF
disruption
fund		 263,817 18,250 (256,569) 25,498
Footprint
development
fund		 136,281 8,383 (64,532) 80,132
Legacies fund 13,480 13,480
Sabbatical fund 4,980 4,980
Mission Support
travel 3,000 3,000
Mission Support 14,897 66,407 (38,443) 42,861
Mission &Ministry
donations 638 (560) 78
1,079,136 1,632,639 (1,971,220) 101,947 842,502

Restricted funds
The group Gains and At
At 1 Jan 2020 Income Expenditure Transfers losses 31Dec 2020
Current yea7 E
Revenue funds
Small restricted funds
including
Special
Collections closed 38,052 54,696 (57,047) 35,701
Music fund 14,178 4,834 (7,227) 11,785
Fabric maintenance fund 139,079 (18,756) 120,323
Fabric projects legacy
fund 5,000 5,000
National
Lottery
Heritage Emergency
Fund 155,800 (127,738) 28,062
Culture Recovery Fund
for Heritage 91,600 (35,201) 56,399
Archbishop's
Council
Fund 458,200 (34,077) 424,123
Coronavirus
Job
Retention
Scheme		 14,210 (14,210)
Footprint HLF revenue
fund 4,516,757 (2,664,703) 1,852,054
Footprint
revenue		 fund 1,753,671 1,053,962 (1,849,149) 958,484
Capital funds
Footprint HLF asset
fund 1,201,476 (13,431) 1,188,045
Footprint asset fund 811,046 811,046
Piano fund (asset) 44,679 (1,370) 43,309
Fabric projects capital
fund (asset) 8,184 (1,145) 7,039
Diptychs
fund (asset)		 10,000 10,000
8,542,122 1,833,302 (4,824,054) 5652,370
Gains and At
At 1 Jan2019 Income Expenditure Transfers losses 31Dec2019
Prior year f,
Revenue funds
Special collections 63,935 (56,280) (7,655)
Small restricted
funds		 23,067 54,990 (40,005) 38,052
Music fund 1,000 39,213 (26,035) 14,178
Fabric maintenance
fund 139,079 139,079
Fabric projects legacy
fund 5,000 5,000
Footprint HLF
revenue
fund		 8,181,551 482,257 (2,950,209) (1,196,842) 4,516,757
Footprint revenue
fund 2,293,962 2,440,277 (2,177,177) (803,391) 1,753,671
Capital funds
Footprint HLF asset
fund 1,201,476 1,201,476
Footprint asset fund 811,046 811,046
Piano fund (asset) 46,050 (1,371) 44,679
Fabric projects capital
fund (asset) 9,470 (1,286) 8,184
Diptychs fund (asset) 10,000 10,000
10,709,179 3,080,672 (5,252,3632 4,634 8,542,122
Restricted funds
The charity
Gaum and At
At I Jan 2020 Income Expenditure Transfers losses 31Dec 2020
Curt entyear f,
Revenue funds
Small restricted
funds
including
Special
Collections closed 38,052 54,696 (57,047) 35,701
Music fund 14,178 4,834 (7,227) 11,785
Fabric' maintenance fund 139,079 (18,756) 120,323
Fabric projects legacy
fund 5,000 5,000
National Lottery
Heritage Emergency
Fund 155,800 (127,738) 28,062
Culture Recovery Fund
for Heritage 90,850 (34,451) 56,399
Archbishop's
Council
fund 458,200 (34,077) 424,123
Coronavirus
Job
Retention
Scheme		 14,210 (14,210)
Footprint HLF fund 4,516,757 (2,664,703) 1,852,054
Footprint fund 1,753,671 1,053,962 (1,849,149) 9587484
Capital funds
Footprint HLF asset
fund 1,20i,476 (13,431) 1,188,045
Footprint asset fund 811,046 811,046
Piano fund 44,679 (1,370) 43,309
Fabric projects capital
fund 8,184 (1,145) 7,039
Diptychs fund 10,000 10,000
8,542, 122 1,832,552 (4,823,304) 5,551870
Gains and At
At 1 Jan 2019 Income Expenditure Transfers losses 3l Dec2019
Prior year
Revenue funds
Piano fund 63,935 (56,280) (7,655)
Small resbricted
funds
including
Special
Collections closed 23,067 54,990 (40,005) 38,052
Music fund 1,000 39,213 (26,035) 14,178
Fabric maintenance fund 139,079 139,079
Fabric projects legacy
fund 5,000 5,000
Footprint HLF fund 8,181,551 482,257 (2,950/09) (1,196,842) 4,516,757
Footprint fund 2,293,962 2,440,277 (2,177,177) (803,391) 1,753,671
Capital funds
Footprint HLF asset
fund 1,201,476 1,201,476
Footprint asset fund 811,046 811,046
Piano fund 46,050 (1,371) 44,679
Fabric projects capital
fund 9,470 (1,286) 8,184
Diptychs
fund		 10,000 10,000
10,709,179 3,080,672 (5,252,363) 4,634 8,542,122

The group and the c harity
Gains and At
At I Jan 2020 Income Expenditure
f.		 Trans fers losses
f		 31Dec 2020
General
Music 128,536 8,840 137,376
128,536 8,840 137,376
Gains and At
At 1 Jan 2019 Income Expenditure Transfers losses 31 Dec2019
E f.
General 89,785 (106,581) 16,796
Music 108,283 20,253 128,536
198,068 (106,581) 37,049 128,536
26a. Analysis ofnet assets between funds
The group
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2020
f.
Cur& eniyear
Intangible assets 7,939 7,939
Tangible fixed assets 167,788 2,052,910 2,220&69&
Investments 137,376 137,376
Current assets 174,699 3,498,460 3,673,159
Creditors greater than 1 year
Net assets 350,426 5,551,370 137,376 6,039,172
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2019
Prior year
Intangible assets 11,908 11,908
Tangible fixed assets 1.69,866 2,075,385 2,245,251
Investments 106,581 128,536 235,117
Current assets 554,147 6,596,737 7,150,884
Creditors greater than 1 year (130,000) (130,000)
Net assets 842,502 8,542,122 128,536 9,513,160

Unrestricted Restricted Endowment Total Fund s
Funds Funds Funds 2020
E
Current year
Intangible
assets		 7,939 7,939
Tangible fixed assets 167,788 2,052,910 2,220,698
Investments I 137,376 137,377
Current assets 172,723 3,498,460 3,671,183
Creditors greater than I year
Net assets 348,451 5,551,370 137,376 6,037,197
Unrestricted Resttdcted Endowment Total Funds
Funds Funds Funds 2019
f,
Prior year
Intangible
assets		 11,908 I 1,908
Tangible fixed assets 169,866 2,075,385 2,245,251
Investments 106,582 128,536 235,118
Cun ent assets 553,090 6,596,737 7,149,827
Creditors greater than I year (130,000) (130,000)
Net assets 841,446 8,542,122 128,536 9,512,104
27. Analysis ofchanges in net debt
At I Jan 2020 Cash flows At 31Dec 2020
Cash at bank and in hand 2,485,561 (1,053,302) 1,4324.59
28. Operating
lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
2020 2019
Not later than I year 21,109 23,403
Later than I year and not later than 5 years 61,550 68,659
Later than 5 years 98,000 112,000
180,659 204,062

Charitable
giving		 Charitable
giving
Individuals
-Mission Support Partners		 abroad
Grants to enable mission work in Sri Lanka 2,350
Grants to enable mission work in Zambia
2,350
Institutions Suppot&ing ...
Soup Run 326 outreach work in Bath
Bath Diocese for Zambia - Pentecost Appeal 3,700 Anglicans in our linked dioceses
Bath Youth for Christ 5,000 Christian faith based youth organisation
Combe Down PCC Holy Trinity 5,000 Christians Against Poverty Debt Centre
DHI 5,000 outreach work in Bath
Focus Christian
Counselling		 8,000 people in need ofcounselling
Genesis Trust 8,000 outreach work in Bath
Footprint - Pentecost Appeal 36,340 Abbey development
project
Sabeel - Pentecost Appeal 4,050 to the beleaguered church in Israel/Palestine
working amongst orphans and poor villagers
Reaching the Unreached -Pentecost Appeal 3,870 in Tamil Nadu
Israel Mission - Pentecost Appeal 3,870 to the beleaguered church in Israel/Palestine
Wycliffe Bible Translators l,84l Christian mission abroad
Wycliffe Bible Translators
-Pentecost Appeal		 4,110 Christian mission abroad
5 further
grants off.1,000or less		 2,664 ..to stmtlar organrsattons
91771
Total Charitable giving 94,121
Total Mission Support expenditure 99112
Year ended 31Dece mber 2020
2020 2019
Income and endowments
Donations
and legacies
Visitors to the Abbey 252,120 765,019
Planned
giving		 181,094 164,354
Collections 25,522 69,562
Donations
- general		 52,855 36,968
Donations
- music		 7,824 35,477
Donations - flowers &5 380
Donations - Friends ofBath Abbey 130,000
Donations
—Footprint		 616,172 2,440,277
Mission Support Pentecost appeal 18,774 28,715
Mission Support Footprint Pentecost Appeal 36,340
Legacies 12,000 27,080
Listed Places ofWorship 307,790
Archbishop's
Council		 458&200
Heritage Emergency Fund 155,800
Culture Recovery Fund for Heritage 91,600
Coronavirus
Job Retention		 Scheme 201,498
Heritage Lottery Fund 500,507
Ministry
Grants		 17,700
2,511,334 4,122,379
Other trading
activities
Shop sales
Tower tours		 73,487
19,305		 374,942
148,413
Abbey hire and other fees 16,330 27,609
Singing for Schools 12,700
Melody Makers 5,676
Other course income 3,200
109,122 , 572,540
Investment
income
Other interest receivable 9,507 18,392
Total income 2,629,963 4,713,311
2020 2019
Expenditure
Costs ofraising donations and legacies —see note on page 45 (118,627) (124,573)
Costs ofother trading activities —see notes on page 45 (217,537) (424,276)
Expenditure
on chatdtable		 activities —see notes on pages 46&47 (5,767,972) (6,674,734)
Taxation
Current taxation credit 11,647
Under provision
in prior year		 (11,937)
(290)
Total expenditure (6,184,426) (7/23,383)
Net gains on investments
Unrealised
gains on investment		 assets 475 37,049
Net expenditure (3,473,988) (2,473,223)

Year ended 31Decem ber 2020
2020 2019
Costs ofraising donations and legacies
Visitors to the Abbey
Wages and salaries (98,431) (82,713)
Other costs (20,196) (41,860)
(118&627) (124,573)
Costs ofraising donations and legacies (116,627) (124,373)
Costs ofother trading activities
Shop
Purchases (37,627) (200,554)
Wages and salaries (78,175) (72,139)
Other costs (6,593) (l6,851)
(122,395) (289,544)
Tower tours
Wages and salaries (45,126) (65,130)
Other costs (6&7) (1,921)
(45,813) (67,051)
Abbey hire and other fees
Wages and salaries (16,447) (18,387)
Other costs (6,054) (12,818)
(22,501) (31,205)
Singing for Schools
Wages and salaries (21,005) (24,592)
Other costs (1,664) (5,037)
(22,669) (29,629)
Melody Makers
Wages and salaries (4,099) (4,998)
Other costs (60) (1,849)
(4,159) (6,847)
Costs ofother trading activities (217,337) (424,276)
2020 2019
Expenditure
on charitable		 activihes
Parish Share
Parish Share (186,115) (334,957)
Mission Support
Mission Support (52,844) (99,112)
Operating
costs
Wages and salaries (159,316) (159,052)
Insurance (46,471) (45,733)
Other establishment costs (58&505) (90,964)
Vergers (3,661) (8,058)
(267&953) (303,807)
Support costs
Wages and salaries (235,956) (207,257)
Legal tk professional (18,776) ( l9,286)
Office expenses (45,687) (40,210)
Depreciation (6,011) (8,396)
Bank charges and interest (5,186) (8,369)
Other support costs (61,659) (44,875)
{373,275) (328,393)
Music costs
Wages and salaries (103,875) (119,828)
Other music costs (22,965) (67,511)
(126,840) (187,339)
Work ofthe Ministry
Wages and salaries (50,176) (49,670)
Mission and Evangelism (4,244) (23,078)
Clergy (5,629) {8,597)
Youth (835) (3,222)
Worship
and pastoral		 care (6,703) (17,990)
Communications (7,371) (6,887)
(74,958) (109,444)
Fabric Maintenance
Wages and salaries (3,062)
Repairs and maintenance (34,581) (38,359)
(34/81) (41,421)
Depreciation
Depreciation (10,685) (22,971)
2020 2019
Footprint project
Wages and sais(des (141,875) (l 11,636)
Footprint other costs (1,807,333) (2,091,031)
Fundraising costs (599) (39,042)
(1,949,807) (2,241,709)
Footprint
delivery phase		 funded by HLF
Wages and salaries (58,909) (45,544)
Depreciation (13,431)
Delivery expenditure (2,605,794) (2,904,665)
(2,678,134) (2,950,209)
VAT not recovered under partial exemption
Unrecovered VAT (42,592)
Governance costs
Governance costs - accountancy fees (3,180) (3,180)
Governance costs - audit fees (9,600) (9,600)
(12,780) (12,780)
Expenditure on charitable activities (5,767,972) (6,674,7343