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||||||Page|
|---|---|---|---|---|---|
|Trustees'
annual
reporl||||||
|Independent|auditor's
report to|the|members||10|
|Consolidated|Statement offinancial||activities||14|
|Consolidated|Statement offinancial||position||15|
|Charity
Statement offinancial
position||||||
|Consolidated|Statement ofcash|flows|||17|
|Accounting|policies||||10|
|Notes to the|financial
statements||||22|
|The fogoiving pages de not form|||part ofthe financial statements|||
|Detailed statement offinancial||activities|||40|
|Notes to the|detailed statement|offinancial||activities||
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|PCC Plans|for Future Periods|
|---|---|
|Back in early|2020 the Abbey unveiled
its Mission Action Plan which set our priorities
over the following
5 years, pursuing|
|our vision by focusing m the following
areas:||
||Thanksgiving
Worshiping
and praying|
||Telling
Proclaiming
the Gospel|
||Teaching
Growing
as followers ofJesus|
||Tending
Caring as a church
family|
||Transforming
Pursuing justice and peace in society|
||Treasuring
Sustaining
and renewing
creation|
|The PCC cerned
forward
into 2021 and beyond into 2022 the goals set under each ofthose headings,
as follows:||
|Thanksgiving|DEEPEN ABBEYPRAYER LIFE;Prayer meetings
renewed (eg.first Friday and last Saturday eschmonth);|
||Prayer Stations snd new Prayer Roam established
&.resoureed; Prayer Ministry Team commissioned;
Prayer|
||training courses run, groups & resources promoted; etc.|
|Telling|PREPARE NEW CONNECTIONS BETWEEN GOSPEL &ABBEYHERITAGE. Develop post Footprint
tours/trails/stewarding,
shop, art installations,
school visits, Discovery Centre, museum,
suite ofnewleaffets|
||&guidebook,
concerts (&Bath Abbey Music Festival), etc.|
|Teaching|OFPER, FRESH
LEARNING
OPPORTUNITIES.
Host
a
series
of city
lectures
& debates
an
topical/ethicaVtheotogicat
issues; occasional teaching sermon series; progress all-age learning at9:30service;|
||develop school &. family learning
programme.|
|Tending|REVIEW OUR PASTORAL CARE and MINISTRY WITH CHILDREN &YOUNG PEOPLE, Facilitated|
||by Abbey Pastor and Youth &Families Minister (with Volnnteer Officer)
Set goals for next period.|
|Transforming|STRENGTHEN OUR CITY MISSION. Facilitated
by Abbey Missioner (& Mission Support Group, etc.);|
||set goals for partnering
&showcasing
with secular, mter-faith
&church initiatives;
identiTy liaks to build|
||with local needs, issues &iuterests.|
|Treasuring|COMPLETE CURRENT FOOTPRINT PHASE. Complete
our planned
reordering;
Meet our financial
challenges
(by fundraising,
stewardship
and visitor donations); conduct & implement
ongoing eco-audit.|
|In March 2023 the PCC carried out a progress
review ofthe Mission Action Plan and a revised set of priority||
|actions have been agreed for 2023 and 2024.||
|Electoral Roll and average weekly attendance||
|The number ofpersons on the electoral roll as at 31 December 2022 was 456, compared
with 447 at the end ofthe previous
year. This was largely
due to the process which
happens
every 6 years, whereby
all names are removed
from the roll and
everyone
has to reapply.
The average
weekly
attendances
at services, including
visitors,
during
the year was 331(2021—||
|321).||
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|Bath Abbey —Top 5Risks|Bath Abbey —Top 5Risks||||Comments|
|---|---|---|---|---|---|
|I Low Cash Reserves. The||Abbey has relatively
low|||Cash balances are closely monitored
against budget as|
|unrestricted
cash reserves,||which have been depleted over the|||are income and costs. They are also reported to Finance|
|last 4years|||||and PCC members
on amonthly basis. Aradical|
||||||Recovery Plan has been designed in2022 and|
||||||implemented
&cm 6March 2023, This is aimed at|
||||||mpleuishing
our unrestricted
reserves over the next 5|
||||||years.|
|2Financial Performance-
4years. Visitor and Visitor||operating deficits incurred
over last
Income has been below budget in|||ARecovery Plan has been designed io2022 and
implemented
in 2023 and this is aimed at generating|
|2022, leading tosn operating deficit. The Abbey needs||||to|annual
operating surpluses. The plan is being|
|devise and implement aradical new Recovery Plan which will
turn the deficits to surpluses
on lower visitor numbers &om|||||closely monitored.
Early signs are that the plan is
working
/ exceediog budget. Costs have been reduced|
|2023 aud beyond.|||||and the Abbey have locked inta favourable
gas and|
||||||electric contracts due for review in the fiual quarter of|
||||||2023.|
|3.Safeguarding.
The Church can be a target for wrongdoers
looking to take advantage ofthe vulnerable
snd the young. We|||||Additional
CCTV being installed
in the new spaces
created by the Footprint Project,|
|keep Safeguarding
as apotential high risk tohelp us|||||Safeguarding
sigoage has increased.|
|remain vigilaat.|||||Safeguarding
training ismandatory
regardless ofstaif|
||||||and volunteer
roles|
||||||Safeguarding
is raised and founally reviewed
in PCC,|
||||||Personnel
and Music meetings|
|4Resilience. The Abbey is||reliant on asingle dominant|||TheAbbey is addressing
this issue by:|
|Income stream (Visitor Income)|||||(a)growing unrestricted
reserves to apoint where we|
||||||can absorb future major disasters such as another|
||||||pandemic
and:|
||||||(b)The Abbey is also growing Events Income (which|
||||||does not rely on visitors/tourists)
and Planned Giving|
||||||Income. In2023 we will also look at designing
and|
||||||implementing
astrategic plan to improve legacy|
||||||income.|
|5Declining congregations.||This isa Church ofEnglaad||/|The completion ofFootprint and the end ofthe|
|National Issue.|The Abbey|is experiencing
a very slow|||pandemic
should help congregations
and visitors once|
|decline, however|this is mainly due to deaths and having|||an|agaia grow. Mors eiforts are being made to grow the|
|aged congregation.|||||youth segment ofthe Abbey. The Learning
Centre is|
||||||now being used regularly
by schools with large gmups|
||||||ofschool children attendees.
The Youth tk FamiTies|
||||||Minister who manages
Sunday School, and Girls and|
||||||Boys choir gmups and activities is also active. The|
||||||Abbey continues to ofier nearly 1000services ayear|
||||||snd tbe PCC will be looking at ways offurther growing|
||||||the congregation
at anAway Day inMarch 2023|
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||||2022|||2021|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|||
|||funds|funds|funds|Total funds|Total funds|
||Note||||8|f|
|Income and endowments|||||||
|Donations
and legacies|3|941,863|659,055||E600,918|2,367,007|
|Other trading activities|4|745,894|11,336||757,230|317,985|
|Inveshnent
income|5|4,721|4,120||8,841|4,204|
|Total income||1,692,478|674,511||2,36G,989|2,689,196|
|Expenditure|||||||
|Expenditure
on raising ftmds:|||||||
|Costs ofraising|||||||
|donations
and legacies
Costs ofother trading|G|(243,735)|||(243,735)|(185,991)|
|activities|7|(426,462)|||(426,462)|(223,461)|
|Expenditure
on charitable|||||||
|activities|8,9|(1,123,745)|(829,265)||(1,953,010)|(4,722,982)|
|Total expenditure||(1,793,942)|(829,265)||(2,623,207)|(5,132,434)|
|Net (losses)/gains
on|||||||
|investments||||(18,485)|(18,485)|19,653|
|Net expenditure
snd net|||||||
|movement
in funds||(101,464)|(154,754)|(18,485)|(274,703)|(2,423,585)|
|Reconciliation
offunds|||||||
|Total funds brought
fonvard||444,031|3,014,527|157,029|3,615,587|6,039,172|
|Total funds carried forward||342,567|2,859,773|138,544|3,340,884|3,615,587|
##
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|31December 2022||||||
|---|---|---|---|---|---|
||||2022||2021|
|||Note|6|||
|Fixed assets||||||
|Intangible
assets||16||I|3,970|
|Tsugible fixed assets||17||2,227,746|2,241,863|
|Investments||lga||138,544|157,029|
|||||2,366,291|2,402,862|
|Current assets||||||
|Stocks||19a|57,025||59,829|
|Debtors||20a|304,922||600,608|
|Cash at bank and in hand|||1,188,625||1,132,789|
||||1,550,572||1,793226|
|Creditors: amounts|falling due within one year|21s|(275,979)||(580,501)|
|Net current assets||||1,274,593|1,212,725|
|Total assets less current liabilities||||3,640,884|3,615487|
|Creditors: sniounts|falling duc after more than onc year|22||(300,000)||
|Nct assets||||3,340,884|3,615,587|
|Funds ofthe charity||||||
|Endowment
funds||||138,544|157,029|
|Restricted
fuuds||||20859,773|3,014,527|
|Unrestricted
funds||||342,567|444,031|
|Total charity funds||||3,340,884|3,615,587|
|||||2022||2021|
|---|---|---|---|---|---|---|
||||Note|||f|
|I"ixed assets|||||||
|Intangible
assets|||16||I|3,970|
|Tangible fixed assets|||17||2,227,746|2,241,863|
|Investments|||I go||138,545|157,030|
||||||2,366,292|2,402,863|
|Current assets|||||||
|Debtors|||20b|459,406||687,622|
|Cash at bank|and in hand|||1,062,536||1,084,566|
|||||1,521,942||1,772,188|
|Creditors: amounts||falliag due within one year|21b|(249,325)||(561,439)|
|Net current|assets||||1,272,617|I 210749|
|Total assets|less current liabilities||||3,638,909|3,613,612|
|Crcditurs:
amounts||fslfing due after more than onc year|22b||(300,000)||
|Net assets|||||343!I,909|3,613,612|
|Funds ofthe charity|||||||
|Endowment|funds||||138,544|157,029|
|Restricted fimds|||||2,859,773|3,014,527|
|Unrestricted|funds||||340,592|442,056|
|Total charity|funds||||3,338,909|3,613,612|
|Year ended 31December 2|022|||
|---|---|---|---|
||||2021|
||||f.|
|Cash flows froni operahng|activities|||
|Net expenditure||(274,703)|(2,423,585)|
|rid/ca/cienis
for:||||
|Depreciation oftangible fixed assets||39,562|35,749|
|Amortisation
ofintangible
assets||3,969|3,969|
|Net losses/(gains)
on investments||18,485|(19,653)|
|Other interesi receivable
and|similar income|(8,841)|(4,204)|
|Interest payable
and similar|charges|12,905|1.2,830|
|C/ranges
in:||||
|Stocks||23104|8,555|
|Trade and other debtors||295,686|2,404,596|
|Trade snd other creditors||(4,522)|(352,187)|
|Cash generated
from operations||85,345|(333.930)|
|Interest paid||(12,905)|(12,830)|
|Interest received||8,841|4,204|
|Net cask froin/(used
in) operating
activiiies||81,281|(342,556)|
|Cash Bows from investing|activities|||
|Purchase oftangible
assets||(25,445)|(56,914)|
|Net cash used in investing
activities||(25,445)|(56,914)|
|Cash gows from financing|activities|||
|Loan itoro Diocese ofBath|and Wells||100,000|
|Net cash provided
by financing
activities|||100,000|
|Net increase/(decrease)
in|cash and cash equivalents|55,836|(299,470)|
|Cash snd cash equivalents|st beginning ofyear|1,132,789|1,432,259|
|Cash and cash equivalents|at end ofyear|1,188,625|1,132,789|
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||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2022|
|Current &ieor||5|8|
|Donations||||
|Visitors to the Abbey|678,810||678,810|
|Planned
giving|189@86||189,286|
|Collections|38,051||38,051|
|Donations - general|20,676||20,676|
|Donations - music|3,50'7|16,445|19,952|
|Donations - organ||280,534|280,534|
|Donations - Footpriut||18,640|18,640|
|Mission Support Pentecost appeal||21,664|21,664|
|Legacies||||
|Legacies|10,033||10,033|
|Grants||||
|Listed Places ofWorship||9,662|9,662|
|Heritage Lottery Fund||308,089|308,089|
|BANES grant||||
|National
Archive grant||||
|Other grants|1,500|4,021|5,521|
||941,863|659,055|1,600,918|
##
|||||||
|---|---|---|---|---|---|
|.|Donations and legacies (conrissedi|||||
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
||Prior year|||||
||Donations|||||
||Visitors to the Abbey
Planned
giving
Collections||406/60
176,798
25,886||406,260
176,798
25,886|
||Donations - general||31,230|25,870|57,100|
||Donations - music||4,836|43,925|48,761|
||Donations - Footprint|||577,543|577,543|
||Mission Support|Pentecost appeal||13,895|13,895|
||Legacies
Legacies||2,000||2,000|
||Grants|||||
||Listed Places ofWorship|||220,995|220,995|
||Archbishop's
Council grant unclaimed
Culture
Recovery Fund for Heritage||246,000|(9,842)|(9,842)
246,000|
||Coronavinrs
Job Retention Scheme||83,737|25,930|109,667|
||Heritage Lottery Fund
BANE S grant
National
Archive grant||1,500|480,694
9,550|480,694
1,500
9,550|
||Other grants||200||200|
||||978,447|1,388,560|2,367,007|
|4.|Other trading|activities|Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
||Carrenryear
Shop sales
Tower toom||380,006
187,278|216|380,006
187,494|
||Abbey hire and
lvlelody
Makers|other fees|178,060
550|11,120|189,180
550|
||||745,894|11,336|757,230|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
||Prioryear
Shop sales
Tower tours||158,957
97,993||8
158,957
97,993|
||Abbey hire and|other fees|61,035||61,035|
||Melody Makers|||||
||||317,985||317,985|
|5.|Investment
income|||||
||||Unrestricted|Restricted|Total Funds|
||||Funds|Punds|2022|
||Current Jour|||||
||Other interest receivable||4,721|4,120|8,841|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
||Prior year
Other interest receivable||219|3,985|f
4,204|
|Ycn|r cndcd 31December 2022|r cndcd 31December 2022|r cndcd 31December 2022|||||||
|---|---|---|---|---|---|---|---|---|---|
|6.|Costs ofraising donatiens|||and|legacies|||||
||||||||Unrestricted|Restricted|TotalFunds|
||||||||Funds|Funds|2022|
||C»rre»r yew|||||||f.||
||Visitors to the Abbey||||||243,735||243,735|
||||||||Unrestricted|Restricted|Total Funds|
||||||||Funds|Funds|2021|
||Pl'lol' yen»||||||f.|f.||
||Visitors to the Abbey||||||184,881|1,110|185,991|
|7.|Costs ofother trading||activities|||||||
|||||||Umestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2022|Funds|2021|
|||||||f||8||
||Shop|||||302,385|302,385|140,768|140,768|
||Towel tours|||||53,804|53,804|27,861|27,861|
||Abbey hire and other fees|||||49,903|49,903|27,194|27,194|
||Singing for Schools|||||12,690|12,690|22,620|22,620|
||Melody Makers|||||7,680|7,680|5,018|5,018|
|||||||426,462|426,462|223,461|223,461|
|8.|Expenditure
on charitable|||activities by fuad lype||||||
||||||||Unrestricted|Restricted|Total I)'unds|
||||||||Funds|Funds|2027|
||Cmve»tyeor|||||||||
||Parish Share||||||30,000||30)000|
||Mission Support|||||||21,664|21,664|
||Operating
costs||||||343,123||343,123|
||Mr)sic cosm||||||182,535|30,392|212,927|
||Work ofthe Ministry||||||93,997|7,917|101,914|
||Fabric Maintenauce||||||41,530|106,823|148,353|
||Archives||||||15,232||15,232|
||Footprint project|||||||2 12,187|212,187|
||Footprint delivery|phase|funded||by HLF|||437,195|437,195|
||Support casts||||||417,328|13,087|430,415|
||||||||1,123,745|829,265|1,953,010|
||||||||Unrestrioted|Restricted|Total Funds|
||||||||Funds|Funds|2021|
||P)ioryear||||||6|f|6|
||Parish Share|||||||||
||Mission Support||||||9,998|13,900|23,898|
||Operating
costs||||||213,228|30,636|243,864|
||Music costs
Work oftheMinistry||||||140,712
58,253|9,697
24,890|150,409
83,143|
||Fabric Maintenance||||||42,275|11,136|53,411|
||Archives||||||12,592|7,100|19,692|
||Footprint project|||||||1,513,480|1,5 1.3,480|
||Pootprint
delivery|phase|fi)nded by HLF|||||2,291,740|2391,740|
||Supportcosts||||||326,579|16,766|343,345|
||||||||803,637|3,919,345|4,722,982|
##
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|Expenditure
on|c|haritable
acti|vities
by activity|type||||
|---|---|---|---|---|---|---|---|
||||Charitable|Work ofthe||Total funds|Total funds|
||||giving
f|Abbey|Support costs
f.|2022|2021
f|
|Parish Share||||30,000||30,000||
|Mission Support|||21,664|||21,664|23,898|
|Operating
costs||||343,123|414,915|758,038|574,079|
|Music. costs||||212,927||212,927|150,409|
|Work ofIhe Muustry||||101,914||101,914|83,143|
|Fabric Maintenance||||148,353||148,353|53,411|
|Archives||||15,232||15,232|19,692|
|Footprint project||||212,187||212,187|1,513,480|
|Footprint delivery||phase||||||
|funded
by HLF||||437,195||437,195|2,291,740|
|Governance
costs|||||15,500|15,500|13,130|
||||21,664|1,500,931|430,415|1,953,010|4,722,982|
|Analysis ofsupport costs||||||||
|||||||2022|2021|
||||||||5|
|Staffcosts||||||248,527|211,428|
|Finance costs||||||12,905|12,830|
|Governance
costs||||||15,500|13,130|
|Depreciation||||||27,426|24,851|
|Legal and professional||||||35,676|8,556|
|Office ruuniug|expenses|||||63,756|47,966|
|Other costs||||||26,625|24,58¹|
|||||||430,415|343,345|
##
##
|||||Endowment|Total Funds|Endowment|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2022|Funds|2021|
|||||f|||f|
|Umealised
(tosses)/gains||on investment|assets|(18,485)|(18,485)|19,653|19,653|
|Nct expenditure||||||||
|Net expenditure|is stated|after charging:||||||
|||||||2022|2021|
|Amortisation
ofintangible||assets||||3,969|3,969|
|Depreciation of|tangible fixed assets|||||39,562|35,749|
|Operating
lease|rentals|||||21973|37,366|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
||||||f|
|Fees payable forthe|audit of|the|Snancial statements|9,000|7,380|
|Fees payable to the charity's||auditor for other services:||||
|Audit ofthe financial|statements||ofsubsidiary|3,500|2,450|
|Taxation compliance|services|||1,400||
|Taxation advisory
services||||1,761||
|||||6,6GI|2,450|
|IA|Staff costs||||||||
|---|---|---|---|---|---|---|---|---|
||The total staff costs and|||employee benefits for the reporting|period are analysed|as followm|||
||||||||2022|2021|
||||||||8||
||Wages and|salaries|||||969,650|877,711|
||Social security||costs||||75,815|64,596|
||Employer|contributions||to pension plans|||24366|24,187|
||Other employee||benefits||||4,423|4,629|
||||||||1,074,254|971,123|
|The averag
employees|e head count oferuployees
during
the year visa
during
the year is analysed
as follows:|59 (2021.59).The average number offull-time|
equivalent|
|---|---|---|---|
|||2022|2021|
|||No.|No.|
|Enterprise|activities|7.4|5.2|
|Operations||6.0|5,0|
|Office and|administration|4.3|5.3|
|Mllslc||1.25|39|
|Worship||2.1|0.0|
|Footprint||3.S|4.8|
|||24.85|24.2|
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|Tire group and the char|ity|||||||
|---|---|---|---|---|---|---|---|
||||||||Wcbsite|
||||||||development|
|Cost||||||||
|AtIJanuary 2022 and|31|December 2022|||||11,908|
|Amortisatlon||||||||
|At 1 January 2022|||||||7,938|
|Charge for the year|||||||3,969|
|At 31December 2022|||||||11,907|
|Carrying
amount
At 31December 2022|||||||I|
|At 31December 2021|||||||3,970|
|Tangible fixed assets||||||||
|The group and the charity||||||||
|||Freehold||||||
||property
and||Footprint|||||
|||leasehold|project in|Sound, screens||||
|||additions
5|progmss
f.|and smging
f|Equipment|Piano|Total|
|Cost||||||||
|At I Jan 2022||219,136|2,023,290|305,453|IG0,462|70,464|2,778,805|
|Additions||14,355|3,119|1,327|G,644||25,445|
|At 31Dec 2022||233,491|2,026,409|306,780|167,106|70,464|2,804,250|
|Depreciation||||||||
|Atl Jan2022||81,538|28,298|267,894|134,242|24,970|536,942|
|Charge for the year||5,948|16,105|10,393|5,746|1,370|39,562|
|At 31Dcc2022||87,486|44,403|278,287|139,988|26,340|576,504|
|Carrying
amount
At 31Dcc 2022||146,005|1,982,006|28,493|27,118|44,124|2,227,746|
|At 31 Dec 2021||137,598|1,994,992|37,559|2G,220|45,494|2,241,863|
##
##
|Year|ended 31Dcccmbcr 2022||
|---|---|---|
|lga.|Investments||
||Thc group and the charity||
|||Listed|
|||invcstmcnts|
||Cost or valuation||
||At I January 2022|157,029|
||Additions||
||Fair value movements|(18,485)|
||At 31Dcccmber 2022|138,544|
||Impairment||
||At IJanuary 2022 and 31December 2022||
||Carrying
amount||
||At31December 2022|138,544|
||At 31December 2021|157,029|
||All investments
shown above are held at valuation.||
##
||||Ycarended|Year ended|
|---|---|---|---|---|
||||31Dee 2022
f|31Dec 2021|
|Profit and loss account|||||
|Turnover|||495,834|203,703|
|Cost ofsales|||(231,209)|(84,532)|
|Gross profit|||264,625|119,171|
|Administrative|expenses||(124,465)|(92,821)|
|Operating
profit|||140,160|26,350|
|Distribuuon|to Bath Abbey PCC||(140,160)|(26,350)|
|Result for the tinsncial||year|||
|Balance sheet|||||
|Assets|||191,714|122,863|
|Liabilities|||(189,738)|(120,887)|
|Retained
surplus|||1,976|1,976|
|Year|coded 31Dec|ember 2022|||
|---|---|---|---|---|
|19a.|Stocks||||
||The group||2022|2021|
|||||f.|
||Finished goods snd goods for resale||57,025|59,829|
|19b.|Stocks||||
||Thc charity||||
||||2022|2021|
||||8|f.|
||Finished goods aad goods for resale||||
|20a.|Debtors||||
||The group||2022|2021|
|||||f|
||Trade debtors||13,323|17,599|
||Prepaynsents
and accrued income
Gig Aid recoverable
HLF grants receivable||32,281
16,485
201,084|36,746
10,652
259,536|
||Other debtors||41,749|276,075|
||||304,922|600,608|
|200.|Debtors||||
||The charity||||
||||2022|2021|
|||||f.|
||Trade debtors||11,287|6,367|
||Amounts
owed by group undertakings
Prepayments
and accrued income
Gift Aid recoverable||146,159
32,281
16,485|92,060
36,309
10,652|
||HLF grants receivable||201,084|259,536|
||Other debtors||52,110|282,698|
||||459,406|687,622|
##
|Year|ended 31Deccmbcr 2022|ended 31Deccmbcr 2022||||
|---|---|---|---|---|---|
|21a.|Creditors: amounts
falling due within||one year|||
||Thc group|||||
|||||2022|2021|
||||||f.|
||Trade creditors|||118,269|73,846|
||Accmats nnd deferred income|||116,107|180,726|
||Social security
and|other taxes||24,283|20,107|
||Wages control account
Loan Sum Diocese ofBath and Wells|||4,635|5,235
300,000|
||Other creditors|||12,685|587|
|||||275,979|580,501|
|21b.|Creditann
amounts|faging due within|one year|||
||The charity|||||
|||||2022|2021|
||||||5|
||Trade creditors|||106,823|68,671|
||Accntals and deferred income|||101,089|167,000|
||Social security and other taxes|||24,283|20,107|
||Wages control account
Loan &om Diocese ofBath and Wells|||4,635|5,235
300,000|
||Other creditors|||12,495|426|
|||||249,325|561,439|
|22.|Creditors: amounts|falling due after more than one year||||
||The group nnd the|charity||||
|||||2022|2021|
||Loan from Diocese|ofBath snd Wells||300,000||
##
|Unrestricted
funds
The group||||||
|---|---|---|---|---|---|
||||||At|
|Crrrreniysar|At I Jan 2022
f|Income|Expenditure
f.|Transfers
f|31Dcc2022|
|General Funds|360,407|1,691,221|(1,793,942)|2|257,68S|
|Footpflrl't||||||
|Developruent
Fund|63,662|1,257|||64,919|
|Legacies Fund|13,480||||13,480|
|Sabbatical Fund|3,480||||3,480|
|Mission Support||||||
|Travel Fund|3,000||||3,000|
|Mission Support Fund|2|||(2)||
||444,031|I,G92,478|(1,793,942)||342,5G7|
||||||Al|
|Prior year
General Funds|At I Jan 2021
f
246,645|Income
f.
1,29G,561|Expenditure
f
(1,200,481)|Transfers
I7,682|31 Dec 2021
f.
360,407|
|Footprint||||||
|Development
Fund|63,572|90|||63,662|
|Legacies Fund|13,480||||13,480|
|Sabbatical Fund|4,980||(1,500)||3,480|
|Mission Support||||||
|Travel Fund|3,000||||3,000|
|Mission Support Fuad|18,749||(9,998)|(8,749)|2|
||350,426|1,296,G51|(1711,979)|8,933|444,031|
|Unrestricted
funds||||||
|The charity
Current yeor
General Funds|At I Jan 2022
f
358,432|Income
1,335,547|Expenditure
f
(1,438,268)|Transfers
f
2|At
31Dcc2022
f
255i713|
|Footprint
Development
Fund|63,662|1,257|||64,919|
|Legacies Fund|13,480||||13,4SO|
|Sabbatical
Fund|3,480||||3,480|
|Mission Support||||||
|Travel Fund|3,000||||3,000|
|Mission Support Fund|2|||(2)||
||442,056|1,336,804|(1,438,268)||340,592|
||||||Al|
|Prior year
General Funds|At I Jan 2021
f
244,670|Income
f.
1,137,208|Expenditure
(1,041,128)|Transfers
f
17,682|31Dec 2021
358,432|
|Irootprint||||||
|Development
Fund
Legacies Fund
Sabbatical Fund|63,572
I3,480
4,980|90|(1,500)||63,662
13,480
3,480|
|Mission Support
Travel Fund|3,000||||3,000|
|Mission Support Fund|18,749||(9,998)|(8,749)|2|
||348,451|1,137,298|(1,052,626)|8,933|442,056|
##
##
##
##
##
##
|The group and the charity||||||
|---|---|---|---|---|---|
||||||Ai|
|Carrenryear|At I Ian 2022
f|Income
f|Expendintre|Transfers|31Dec 2022|
|Revenue funds||||||
|Small Restricted Funds||||||
|Including
Special||||||
|Collections Closed|35,816|21,664|(29,581)||27,899|
|Music Fund
Rector's Discretionary|53,701|31,685|(30,393)|(35,000)|19,993|
|Fund|860||||860|
|Fabric Maintenance
Fund|82,721||(56,709)||26,012|
|Organ Fund||280,533|(50,114)|35,000|265,419|
|Fabric Projects Legacy||||||
|Fund|5,000||||5,000|
|National
Archive
Fund|3,450||||3,450|
|Footprint HLF Revenue||||||
|Fund|356,566|308,089|(421,090)|(3,119)|240,44G|
|Footprint Revenue Fund|383,830|32,540|(212,187)||204,183|
|Capital Funds||||||
|Footprint HLF Asset Fund|1,183,946||(16,104)|3,119|1,170,961|
|Footprint Asset Fund|811,04G||||S11,046|
|Piano Fund (Asset)|41,939||(1,370)||40,569|
|Fabric Projects Capital||||||
|Fund (Asset)|6,102||(937)||5,165|
|Diptychs
Fund (Asset)|10,000||||10,000|
|Heritage Emergency
Fund||||||
|(Asset)|5,014||(958)||4,056|
|Culture Recovery Fund||||||
|For Heritage (Asset)|34,536||(9,822)||24,714|
||3,014,527|674,511|(829,265)||2,859,773|
##
|Analysis ofcharitable|funds (ceerleeed)|||||
|---|---|---|---|---|---|
|Restricted
funds||||||
|The group and thc charity||||||
||||||At|
||At I Jan 2021|Income|Expenditure|Transfers|31Dec 2021|
|Prioryear|||8|||
|Revenue funds||||||
|Small Restricted||||||
|Funds Including||||||
|Special Collections||||||
|Closed|35,701|37,765|(37,650)||35,816|
|Music Fund|11,785|47,910|(5,994)||53,701|
|Rector's Discretionary||||||
|Fund||2,000|(1,140)||860|
|Fabric Maintenance||||||
|Fund|120,323||(37,602)||82,721|
|Fabric Projects Legacy||||||
|Fund|5,000||||5,000|
|National Archive Pund||9,550|(7,100)|1,000|3,450|
|Archbishop's
Council||||||
|Fund|424,123|(9,842)|(414,281)|||
|Footprint HLP||||||
|Revenue
Fund|1,852,054|506,624|(2,002,112)||356,566|
|Footprint Revenue||||||
|Fund|958,484|798,538|(1,372,192)|(1,000)|383,830|
|Capital Funds||||||
|Footprint HLF Asset||||||
|Fund|1,188,045||(14,867)|10,768|1,183,946|
|Pootprint Asset Fund|811,046||||811,046|
|Piano Fund (Asset)|43,309||(1,370)||41,939|
|Fabric Projects Capital||||||
|Fund (Asset)|7,039||(937)||6,102|
|Diptychs Fund (Asset)|10,000||||10,000|
|Heritage Emergency||||||
|Fund (Asset)|28,062||(3,347)|(19,701)|5,014|
|Culture Recovery||||||
|Fund For Heritage||||||
|(Asset)|56,399||(21,863)||34,536|
||5,551,370|1,392,545|(3,920,455)|(8,933)|3,014,527|
|The gr oup and t|he charity||||||
|---|---|---|---|---|---|---|
||||||Gains aud|At|
||At I Jan 2022|Iacorue|Expenditure|Transfers|losses|31Dec 2022|
|Cwientyeor||f.|f.|||8|
|Music|157,029||||(18,485)|138,544|
||||||Gains and|At|
||Atl Jan 2021|Income|Expenditure|Transfem|losses|31Dec 2021|
|Prior year|f.|||||8|
|Music|137,376||||19,653|157,029|
##
##
##
|Aoalysis ofnet assets
Thc group|betiveen
fends|||||
|---|---|---|---|---|---|
|||Unrestricted|ltestricted|Endowment|Total Funds|
|||Funds|I'unde|Funds|2022|
|||||f.||
|Curreniyear
Intangible
assets||I|||I|
|Tangible
fixed assets||161,235|?„066,511||2,227,746|
|Investments||||138,544|138,544|
|Cwrent assets||481,331|793,262||1,274,593|
|Creditors greater than|I year|(300,000)|||(300,000)|
|Net assets||342,567|2,859,773|138,544|3,340,884|
|||Unrestricted|Restricted|Endowment|Total Funds|
|||Funds|Funds|Funds|2021|
|Prior year|||K|f|f.|
|Intangible
assets||3,970|||3,970|
|Tangible fixed assets||155,812|2,086,051||2,241,863|
|Invesnnents||||157,029|157,029|
|Current assets||284,249|928,476||1,212,725|
|Credttotx greater than|I year|||||
|Nct assets||444,031|3,014,527|157,029|3,615,587|
|Analysis ofnct assets betiveeo funds||||||
|The charity||||||
|||Unrestricted|Restricted|Endowment|Total Irunds|
|||Funds|Funds|Funds|2022|
|Curreaiyear|||f.|f.||
|Intangible
assets||I|||I|
|Tangible
fixed assets||161,235|2,066,511||2,227,746|
|Investments||I||138,544|138,545|
|Current assets||479,355|793,262||1,272)617|
|Creditors greaterthan|I year|(300,000)|||(300,000)|
|Net assets||340,592|2,859,773|138,544|3&338,909|
|||Umestricted|Restricted|Endowment|Total Funds|
|||Funds|Funds|Funds|2021|
|Prim year||||f|f,|
|Intangible
assets||3,970|||3,970|
|Tangible fixed assets||155,812|2,086,051||2,241,863|
|Investments||I||157,029|157,030|
|Current assets||282,273|928,476||1,210,749|
|Creditors greater than I year||||||
|Net assets||442,056|3,014,527|157,029|3,613,612|
|Analysis ofchanges|in net debt|||||
||||At I Jan 2022|Cash flows|At 31Dec 2022|
||||6|K||
|Cash. at bank and in hand|||1,132,789|55,836|1,188,625|
##
##
##
##
|The total|future|minimum|lease payments|under non-cancellable|operating|leases are as follows:||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|Not later|than|I year||||21,973|21,973|
|Later than|I year and not||later than 5years|||147,G40|147,640|
|Later than|5years|||||70,000|84,000|
|||||||239,G13|253,613|
##
##
|Bath Abbey Parochial|Bath Abbey Parochial|Church C|Church C|ouncil|ouncil|ouncil|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes to the Financial||Statements||(rourimreul|||||||||||||||
|Year ended 31|December 2022||||||||||||||||||
|Mission Support payments|||summary||2022||||||||||||||
|Charitable|giving||||||||||||||||||
|Ukraine||||||||11,748|||Monies raised through
visitor||||aod||||
||||||||||||congregation||donations|on the|Abbey floor||||
||||||||||||snd through||the sale oflapel ribbons.||||||
|Individuals|- Mission Links Partners|||||abroad|||||||||||||
|Grants to enable mission work||||in Sri Lanka||||3,063|||||||||||
||||||||||14,811||||||||||
|Institutions|||||||||||Supporting||...||||||
|Mission Support Partner:|||Wycliffe Bible|||||2,371|||Literacy projects and bible translation|||||||work|
||||||||||||in Cameroon||and Togo,|giving people|||||
||||||||||||literanrre
in||their 'mother tongue'||||||
|Mission Support Partner:|||Genesis|||||1,551|||Work among the mast vulnerable||||||in Bath,||
||||||||||||caring in crisis snd providing||||supported||||
||||||||||||pathways|to|independence||||||
|Mission Support Partner;|||Arocha|||||68|||||||||||
||||||||||||Advocacy,|awareness
raising,|||teaching||||
||||||||||||resources|for addressing||impacts||ofclimate|||
||||||||||||change, advocating
for|||more|sustainable||||
||||||||||||lifestyles||||||||
|Mission Support Partner:|||Reaching The|||Unreached||2,676|||A project|in|SIndia providiog||homes,||||
||||||||||||healthcare|and schooling for orphans,|||||||
||||||||||||preparing|them for work and|||working|||with|
||||||||||||their families||||||||
|Mission Support Partner.|||Ripple Effect|||||63|||Training of||farmers
in Zambia to||||improve||
||||||||||||yields and|better care for the|||land,||||
||||||||||||advocating||and training|women||in farming|||
||||||||||||and business,
reducing|||exclusion|||||
|Mission Support Partner:|||Unseen UK|||||75|||Advocacy|work, awareness
raising,|||||||
||||||||||||resourcing|organisations||to address the|||||
||||||||||||impacts ofmodem
slavery||||||||
|Mission Support||Partner:|Arocha|||||50|||As above||||||||
||||||||||6,853||||||||||
|||||Total|Charitable||giving|||21,664|||||||||
|Tetal Mission Links expenditure||||||||||21,664|||||||||
|Funds designated||for use in||future|years||||||||||||||
|Bath ik Wells DBFre Zambia||||- Pentecost Appeal||||12,550|||Angflcaru|in our linked||dioceses|||||
|Israel mission - Pentecost Appeal||||||||~3849|||our mission||in the Holy Land||||||
||||||||||16,399||||||||||
|||||||||||16,399|||||||||
|Analysis ofdonations|||||||||||||||||||
|Local|||||||||1,551||||||||||
|National|||||||||75||||||||||
|International|||||||||~20038||||||||||
||||||||||21,664||||||||||
##
##
##
##
||2022|2021|
|---|---|---|
|||f.|
|Income and endmvmcnts|||
|Donations snd legacies|||
|Visitors to the Abbey|G78,810|406,260|
|Planned giving|189,286|176,798|
|Collections|38,051|25,886|
|Donations - general|20,G76|57,100|
|Donations - music|19,952|48,761|
|Donations - organ|280,534||
|Donations - Footprint|18,640|577,543|
|Mission Support Pentecost appeal|21,G64|13,895|
|Legacies|10,033|2,000|
|Listed Places ofWorship|9,662|220,995|
|Archbishop's
Council grant unclaimed||(9,842)|
|Culture Recovery Fund for Heritage||246,000|
|Coronavirus
Iob Retention Scheme||109,667|
|Heritage Lottery Fund|308,089|480,694|
|BANES grant||1,500|
|National
Archive grant||9,550|
|Other grants|5,521|200|
||1,600,918|2,367,007|
|Other trading
activities|||
|Shop sales|380,006|158,957|
|Totver tours|187,494|97,993|
|Abbey hire snd other fees|189,180|61,035|
|Melody Makers|550||
||757,230|317,985|
|Investmentincorne|||
|Otherinterestreceivable|8,841|4,204|
|Total income|2,366,989|2,689,196|
##
##
##
|Year ended 31|De|cember|2022|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||8||
|Expenditure||||||
|Costs ofraising|tlonations||and legacies|||
|Wages snd salaries||||(191,886)|(139,560)|
|Other costs||||(51,849)|(46,431)|
|||||(243,735)|(185,991)|
|Costs ofother|trsdiag activities|||||
|Purchases||||(207,309)|(73,587)|
|Wages and salaries||||(162,846)|(119,293)|
|Other costs||||(56,307)|(30,581)|
|||||(426,462)|(223,461)|
|Expenditure
on charitable|||activities —see following pages|(1,953,010)|(4,722,982)|
|Total expenditure||||(2,623,207)|(5,132,434)|
|Net (tosses)/gains||an investments||(18,485)|19,653|
|Net expenditm|e|||(274,703)|(2,423,585)|
##
|Year ended 31December|2022|||
|---|---|---|---|
|||2022|2021|
|||8|6|
|Costs ofraising donations|snd legacies|||
|Visitors to thc Abbey||||
|Wages and salaries||(191,886)|(139,560)|
|Other costs||(51,849)|(46,431)|
|||(243,735)|(185,991)|
|Costs ofraising donations|and legacies|(243,735)|(185,991)|
|Costs ofother trading activities||||
|Shap||||
|Purchases||(207,309)|(73,587)|
|Wages and salaries||(76,310)|(58,093)|
|Other costs||(18,766)|(9,088)|
|||(302,385)|(140,768)|
|Tower tours||||
|Wages and salaries||(48,927)|(23,951)|
|Other costs||(4,877)|(3,910)|
|||(53,804)|(27,861)|
|Abbey hire and other fees||||
|Wages and salaries||(21,895)|(t1359)|
|Other costs||(28,008)|(15,935)|
|||(49,903)|(27,194)|
|Singing for Schools||||
|Wages and salaries||(12,690)|(22,289)|
|Other costs|||(331)|
|||(12,690)|(22,620)|
|Malady Makers||||
|Wages and salaries||(3,024)|(3,701)|
|Other costs||(4,656)|(1,317)|
|||(7,680)|(5,018)|
|Costs ofother trading activities||(426,462)|(223,461)|
|Year ended 31Dece|mber|2022|||
|---|---|---|---|---|
||||2022|2021|
|Expenditure
on charitable||activities|||
|Parish Share|||||
|Parish Share|||(30,000)||
|Mission Support|||||
|Mission Support|||(21,664)|(23,898)|
|Operating
costs|||||
|Wages and salaries|||(IG3,792)|(141,518)|
|lusurance|||(44,560)|(41,245)|
|Other establislunent|costs||(134,771)|(61,101)|
||||(343,123)|(243,864)|
|Support costs|||||
|Wages and salaries|||(200,493)|(211,428)|
|Other staff costs|||(48,034)||
|Legal 41professional|||(35,G7G)|(8,556)|
|Office expenses|||(63,756)|(47,966)|
|Depreciation|||(27,426)|(24,851)|
|Bank charges and interest|||(12,905)|(12,830)|
|Other support costs|||(26,625)|(24,584)|
||||(414,915)|(330,215)|
|Music costs|||||
|Wages and salaries|||(118,205)|(111,992)|
|Other music costs|||(94,722)|(38,417)|
||||(212st27)|(150,409)|
|Work ofthe Minisny|||||
|Wages and salaries|||(62,738)|(45,620)|
|Mission and Evangelism|||(3,103)|(1,770)|
|Clergy|||(13,381)|(9,720)|
|Youth|||(3,599)|(2,772)|
|Worship
and pastoral|care||(13,130)|(18,676)|
|Communications|||(5,963)|(4,585)|
||||(101,914)|(83,143)|
|Fabric Maintenance|||||
|Repairs and maintenance|||(148,353)|(53,411)|
|Archives|||||
|Wages and salaries|||(I1,841)|(10,302)|
|Professional
fees|||(1,500)|(8,749)|
|Other archive costs|||(1,891)|(641)|
||||(15,232)|(19,G92)|
##
|Notes to the|Notes to the|Detailed Stat|Detailed Stat|ement||ofFinancial Activities (cestlssed)|||
|---|---|---|---|---|---|---|---|---|
|Year cndcd||31Dccembm||2022|||||
||||||||2022|2021|
|||||||||f.|
|Footlnint|project||||||||
|Wages and|salaries||||||(29,892)|(137,220)|
|Footprint other costs|||||||(181,952)|(1,375,655)|
|Fundraising||costs|||||(343)|(605)|
||||||||(212,187)|(1,513,480)|
|Footprint|delivery||phase|funded||by HLF|||
|Wages and||salaries|||||(131,640)|(54,782)|
|Depreciation|||||||(16,104)|(14,866)|
|Delivery
expenditure|||||||(289,451)|(2,222,092)|
||||||||(437,195)|(2,291,740)|
|Governance||costs|||||||
|Governance||costs -|accountancy||fees||(3,000)|(3.300)|
|Governance||costs -|audit fees||||(12,500)|(9,830)|
||||||||(15,500)|(13,130)|
|Expenditure||on charitable||activities|||(1,953,010)|(4,722,982)|