##
||||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|
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|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.|||
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|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 .|
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|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|
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||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|
##
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##
##
##
##
|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|