CIIARTTY REG1S'fi￿.￿.S0N NUMBLI 11.. IJ34081
BRth Abbey P#i'oehig1 Cliurch Council
FinanciHI state￿ents
31 De¢ember 2023

Ilxth Abbey Parochial Chujyh Council
iingncial St*lemen15
YCAI. 31 Dtctmbtj. 2023
PAge
Twsiee5' annual rewrt
Independertl audilD¢s re￿rt lo thc tn¢mbers
io
Consolidated Statenieni orrinancial &¢livilies
14
Consolidaied Ststement of financial p)siljDn
15
Cliarity Slal¢ineiii of financial PDSition
16
Consolidaied Statement of¢￿h flows
17
Accounting policies
18
Nolts to the fIn￿¢18] ststcments
22
Tljo folloiying PXEe5 do not loi'm parl olthe fi]banciRI 5tatemoDts
DEtailed ststemcnl orrinuncial activities
41
Notes io the deiailed stalemeiit of financial aclivil2es
43

Il*llJ Abbcy P*i'ochiAI Churcli Coiirttil
-I'ru5tees' Aiinuxl Rcport
Ye*r ¢iided 31 Deccml)er 2023
REfL4 RENCE AND ADMINISI'RATIVE DE'J'AILS
Jlegl$ttred eljarily
Tl)¢ ParochiHI Cliurcli Council ofthe E¢¢lesiaslical P&rish of Balli AbbBy with St James, B&th
Operating n*me
13&ih Abbey PCC
Chaiily reEi$lralion numbci. 1134081
PrincipRI otrice Th¢ Abb¢y Office5
9 King51un Buildin88
Baili RAI ILI-
Aiidilor8 Bishop Flcming 1.1
10 T¢iiiple Ilack
Biinkc¥s
Nalwcst
24-25 8tall SiY¢ei
ElThili BAI IQI-.
Sl 6fL
Solicitois
Clgrke Willmolt LLP
l Georges SquDre, Bath Street
Bri5101, BSI 6BA
Sivnc King LLP
Upper Borou￿ Court
Upper Boroii¥h Wa115
Baili BAI IRG
THE TRU,8-fELS
The folloiying Stry¢￿ a$ Iru5te£5 Df Ihe ehirity during tht yt*r'.
Cotn]nittt¢ nJ¢mbership
The Ilevetcnd Guy BridgeivDier
The Ileverend Sieplien Ciirling
TIIL R¢verend Evelyn Le¢-Barkr
Tlie Revcrend Clialit￿l Mason
Tlic Revereiid Caih CHndi%h
The R¢vereiid Nigel Raiyliiiso
MTJ K¢y-Piigh
Mr A BTagg
Mr D Flabb
DT J Playfair
MrJ Eagaw
Mrs D Cllrdy
P Sliuttl¢worth
Ms E Shields-Pett
Mr11 CaTver
Dr P Lollecott
Mi'5 P Fox
Mr l) Bla¢kmor¢
Mr T Wesibiook
MTS J Skellett
Mr R Cliarlt8%VOrth
Mr T Sliepp&rd
Mrs J Uiid¢rw()od
Mr R Thompson
Mrs R Day
Mr P Burge
Mr D Perry
Mr D CDnilcy
Mrs C Skiiiner
Mis R Amplil¢tt
Mr P JDn£s
Mrs J 118bb
(Reelor & Cliaimi&nl
(Abbey Mi5sioiicrl
Ex ufficio Ineinber of911 comiiiitlee
Ex officio In¢inber ofall ¢onimittees
rx offiGiO tnenib¢rof all COlliTnill¢¢S
Ex 0￿1¢10 iiiciiibEr of ell eoiiimillees
Ex 0￿1¢10 member ofall toniinittees
Fix o£YJciu meinb¢r of 911 coniniille¢s
Standing, Buildi1￿￿$
Siaiidiiig) Bllildin& Finan¢¢
Personnel, D¢anerytr St8iiding, Fiiiance
Building
Deanciy Synod
Deanery Syiiod
Deaiiery Syiiod. Building
Deaiicry Synod
Si8nding, fi113nce
FinEn¢e
PersoDllcl
(Abbey P&storl
ICura*l
(Vice Cliair)
Icbuichivarden)
aPPLiinied 25 May 2023
appointed 25 May 2023
ITr¢asurerl
retired 25 May 2023
Finan¢e
Buildfftgs
appoinicd 25 May 2023
retired l Nov¢iiib¢r 2023
Personnel
Finance
appoiiited 25 May 2023
appointed 18 J&nuary 2024
retired 25 May 2023
retired 25 May 2023
retired 25 May 2023
reiired l Octobcr2023
Secretlry
His Honour Andr¢iY RutherfDrd
Elteloral Roll officer
Mrs C Bragg
'.xoeutive Director
Mr r Mowllt

Ilfith Abbey Paroeliial Chiii'cli Coullcil
-rru$t¢Qg' AnlliiAI Ilepoj'l (cojiliwiied)
Yeai. 31 De¢embci' 2023
Tli¢ iiicnibcrs of'fhe P3rg¢liial Cl)Iir¢li Couijcil nfihe Ec¢lBsiasiicDI I)aris11 ofRaih AbbEy Ivjih Sl Janies. Balli Ilhe"PCC')
prcsEni Ilieir report and Ilie finon£i81 SI￿tell)ellIg of Ihe ch8rily (the 'Abbcy"I foT the year elided 31 t)ecemLKr 2023.
The fiiiancial sial¢mcnl5 comply wllh ihe AbbBy'S governing do¢utnent (the Parochial Church Couiicils (Po￿￿rs) Measure
1956 asameiidcd and Ihe Churcli Repttsenlalioii Rule5 20201 Ihe ChBritie5 Acl 2011 and have been pr¢par¢d in accordan¢e
th¢ aocounling policies sei out in Ilic nute5 to tlie accoiinis.,
the requirements ofchurcli Accouiiliiig R¢gululiDns120061',
th¢ Slaieni¢nl ofRecoiiiin¢iided Praciice oli Accouniiiig and IIcpoTiin8 by Chariiies ISOIU'I &ppli¢8bl¢ to Parocliial
C.hur¢h Councils within Ihc Cliurcli of England:
Ihe Financial Reporliiig Siandthrd applicable in Ihe UKllnd Republioof [￿land publishedon 16 July 2014 IfRS 1021.
nd
the Cliariiies (Accounts aiid R¢poftsl Regulations 2015
STRucfuiiL, GOVIRNANCE AND MANAGEIMII
Constitution of the PCC
Tlie PCC is a Corporale body estsblish¢d by the Churdi of England and opcrates under Ilie Parocliial Chiirch Council {Poi￿r5)
Measure 1956 as aTnEnded aiid th¢ ChuT¢h Il£preseniat¢on Rulcs 2020. 11ie PCC w&s regi51eied with the Charity Conimission
willi ¢ffccl fro&n 4th F¢bruary 2010.
Apporntment, induction #rtd training of tr￿stee$ of the PCC
Tlie llienibers ofili¢ PCC areelecled iii acLordance Nvitli Ilie Cliiirch R¥pregenlatioIi Rules 2020 al the Annual Parocliial Cliureh
Meeliiig. Ivhich 15 geiierally lield dl Ilie Bnd ofmgy. aiid are IhB Charity Iruslees of Ilte Abbey in 8ccordanc¢ ¥vii11 se¢iion 177
of Ilie Charities Act 2011. O¢casionolly llieiiiber.4ofilie l?CC may be co-opted foraperiod ofolle year. M¢mbEts Dfilie clergy
and churcliivardoiis are ex-O￿le1￿ In¢mbets of the IICC.
Iqelp atid faniiliarigalion is available lo Incmbers of the PCC Ihroiigli discu%sioiis with the Re¢iorand Churchwardens #buul the
iole and rcspDnsibilili¢s ola PCC iiiember. In &ddiiiott. Ilie TTeasurei' providcs Iraining ui understaijding PCC tsccounts wl)ere
necessary.
Organi5alion of tlie PCC
Tli¢ PCC gttn¢rally Ineets IllOAtlily ex¢¢pt during Aiigust and December. Meinbers oftlit PCC BTe usually involved in two
'AiYay Days, eHcli year ivli¢n Parish Siralegy is di%cussed.
All of Ilie nienibers of the PCC give tlieir Itnie freely and ni¢mb¢r rc¢eived remunerBtion as a result iii the year.
In order lo disdiarge ils duties, the PCC appDints a nunib¢r ofcomniittees ivliicli nieei oil a rcgulur bB51S. The c￿￿ttl PCC
¢oiniiiiiiees are.. Siaiidingy finaiicc. Fooiprinl Pi'ojecl Tk)arJ. Mission %upwrl Group. Biiildings Bnd Personnel.
The l)CC also einployssialTio illrry out varioiis fiinclions. llie lTr('.C lak¢s Ihis oppoithinily lo Ihaiik Ili¢employees ofthe Abbey
ror ih¢ fine Jnanner in Nvliicli tliey ￿rrOrI￿ Ilieir duties Ihrou81ioiil IhB ycllr in sUPPOrt of the Abbey'5 lo witness 10 t
ChristiaiJ failh Rliyays lo i)rovid¢ a iwhrm Rnd welcoiiiing tiivirollmenl 81 th¢ Abky.
DelegAtion uf day-to-day Respon¥ibilities
The PCC. ¢onsiders Ihllt ilie"Abk'y L¥ddcrship'l ellm" comprises the key m3nJg¢tll¢nl ￿r$0￿￿e1 of the Abb¢y and that they
rc in charg¢ ofriinniiig snd 0￿r￿lI178 Ili¢ AbbEy on a day-to-day basis. I'lie Abhey L¢ad¢rship T¢aTn nieels fortniglilly and
con515ls of The Re¢iur. Abbey Missiojicr, Tlie Abbey pa￿Or, both Churchwardens, Ili¢ Direcior of Music, th¢ r.xe¢utlVB
Director. Facilities Manag¢r Iprevioiisly the Op¢raiions Manager), Ilead of Visiior EX￿rIence and Head of Finance.
Related Pai'ties- Asso¢iated Cliai'ities
'lliere are foura5￿Ciated charitie4 iianicly..
Buth Abbey Charities Ireg. no. 2419021 Ivho8e ubject is the r¢li¢f of hardship and distre55 to r¢sid¢nis of Btih. Ix)Ih
Cligrily for Ilie Upkeep and MaiDl¢nancB of ihe Abbey Cetneiery Ireg. llo. 243684), whi¢h is respoiisible for the
niainienJllce of Balli Abb¢y CcIiiclery',
Frieiids of Elalli AbbLy Ircg. no. 2050821 Ivhose object isto I￿SiSt Ilic PCC iocare for, adorn and preserve forp051erity
Bath Abbey Music Society Ircg. rto. 11231181 Ivlioseobjeci is lo protnote music in BalhAbbey by providing fJnan¢ial
SUPPDrt fortlie chotrs anil other niiisical acliviiics and equiplliellt.
Tlicir activities are not incliided in these financial si&*menlS.
Th¢ PCC lias i tyholly oivii¢d trading subsidiDry* Bath Abbey LinTrited Icompaiiy number 0781569618iid its activities lue
iricluded in these finBnoig15ta*eni¢nis.

B#lli AlTrl)ty ParocliÉ#l C.hiir¢h Cfjuncil
Tvustec5' Il¢i)orl ftoji1lw￿rti1j
Yc#r ended 31 DoceTnber 2023
OIl.TicfIvLS AND ACTIVITILS or i'￿ pcc
The PCC co-operlltes willi the Rector in proinoling in the Pari511 the whole ￿718$10￿ ofih¢ Church pusioral. evgngelislic, social
and ecumenical. Tli¢ PCC sees ihE Abb¥y's niission 85 ivilne55ing sI¢#dr￿tlY lo Ilie Chrisliaii faith and proGlaiming Ilie gospel
Ilirougli prDyeT aiid pr¢acliin& ihrough scivic¢ lo Ilie comiiiunily ofBaili aiid lo visitors 10 Ilic City, through SBrvicL' lo those i
iieed b¢yoDd Ilie Lily of Ilaili thro￿g￿ cBr¥ful sl¢¥vai'J511ip ol'ilie Abbey's herita8¢ of excellentt iii ils ivorsliip and in its
lake p#rt in the Ea5tcrExpL'ri¢ii￿ ihN>iigli ils choir5. The PCC has¢onsidcrcd 8nd had Tegard io Ih¢Chgrity Comniission'5
guidaiice oli public bBncfii.
Volunl¢Ers play avit91 role in IhE life ofthe Abbey. l?￿oughoUt th¢ week volunleeTS wel¢om¢ visitOJ5 and cong¥egalions, scrvc
in tlie shopy arrangc floiver5, aSSI51 iviih Servi￿%, Ivork wilh childr¢n and young adults dnd Ting the Abbey bBlls. Tcams of
volunic¢rs cout)I, record tnd overse¢ the banking ofihc Abb¢y's ¢5511 incotnB slreanis. More th811 200 p¢opl¢ ar¢ involved in
the Abbey as aottve volunteers and we would like lo take this oppoituiiity lo Ihttnk Ih¢iii for tlieirvaluable contrlbution.
SAFEGUARDING
The PCC lias coniplied with the diity ulld¢r section 5 of Ili¢ Saf¢guardillg Clergy Discipline M¢asutt 2016 to have regard
to 14ouse ofBishops Guidatice on safegiiarding children Bnd vulneiabl¢ adults.
ACHIEVEMENTS AND PfkFORMANCE OF THE PCC
Baili Abbey is first an(J foremost 8 living cliiir¢h- a place of worsliip for our coiigr¢g&lion and visiloys where you Can Come
aiid alt¢iid a service. lislcn lo b¢auitful choral niiisic and wlieir you learn alx)Ul Ilie good ofJ￿￿S. Tlie Abbey also
siniullaneously s*rves several other rolLs iii¢liidiiig'.
A focal point foi'civie ev¢iils sucli Bs Mdyor Makiiig 4nd Reniembtsnce Scyvices
Avisilor attraclion and Culliiral herilogE Ireasui¢ enjoyed by hund￿'d$ ofihous8Dds of visiiors each ycgr
A plac¢ wh¢i'e people fTvm the city of Bllth ind boyond Can 8aiher for evettls such gs ¢xhibilion5. ¢onc¢r15, t8lk5
and 8radiiaiioii ceremonies
An o&sis for privale pr8yer &nd Stillness in Ihe wilre of a bustling city
Over11)¢ last 5 yeaT& the Abbey h&£ bEen imptsded by oiir foolprinl Proje¢l. Ihe COVID-19 pRndertii¢ and tnore recently Ihc
cosi-of living crisis. As ll Te5ulI w¢ saw g significant fall in visitor income, & frtll in volunteers. x rise in c05t5 and a ￿sUItillg
5ignificllnl fall in our reserve
In Marcli 2023 our Footprint Proj¢¢i conipleted, Gur new Discovery Centre op¢ntd and ive itnpletnenlcd a comprehensive
Ilecovciy Pldn lvhicli looked lo irniisforiii tlie financial p¥rformanc¢ of the Abbey 10 ¢iisble tlie Abbey lo oiice again grow
its reseiwes.
We ale plcascd lo report tli81 the impl¢iiicn181ion of Ihe Abbcy's Recov¢ry Plan h&$ bcen a resounding 51ittess and below is a
5uiiiinary of ihe kcy a¢hi¢veinenls and perforillence of the PCC in 2023..
We collgboraled %Yiih Sl JohD's Foundation and th¢ llieAi￿ in supporting the underservod primary schools of
Bath. W¢ iv¢lcoined oveF365 cliildirn froin thege ￿h0O19 lo IlieAbbey for ioiirs and workshops Qttd paid for coaches
lo gel them lo and frojn iheir scliools. In 2024 we have expanded our support prOg￿n1￿c.
We coiiiinued offering oiir LLarniiig Ceiilre lls.. l&) a c¢nire to learn Ei￿lIsh for Ukraiiiian Refuge¢¥ aiid Ibl for
faillilies siruggliiig ivith lieatsng bills io conie into Ilie Abb¢y 10 5p¢nd tiine in u warm spgce to feel iYel¢trin¢ and lo
be fed.
We recruited a Youtli & families Millister. Melinda Welch. Ivlio is alre&dy mAking a positive ditYerenc¢ ruiilling our
Sunday School group and vfirious Youth Clubs in thEAbbey.
We stttrted & nwv Siind8y Serviee Ivhi¢h lias proven to be very popular.

Il*th Abboy P8rthehiAI Cliiii'eli c.ouncil
Trust¢es' Anniial Ilcport (ClJljfiiiiie￿)
Ycar cnd¢J 31 DtctTnbcr 2023
ACHif4.VEMLNTS ANI) PbRf4ORMANCL or THF. PCC continucd
liijaniiary we JM)sled ali ¢xhihitioncillEd ThreadsTlirough Creation by J8cqui Parkinson aiexiilvartist ivhereseveral
of licr hug¢ needleivork lapcslrie$ ivere on display. T1￿ exhibilioii proved to b¢ very popular with our visitors and
Longrcgttiion gnd w¢ havc invited Ihein back ill 2026.
We completed the 4-monili Tefurbishmeiil ofihe Abbey's KI￿lS Organ whleh lye could not have done wilhoul Ihe
gen2TOUS %upporl of ali anonymous donor for ¥￿I1¢h we are exlreniely 8ral¢fiil. Elseivliere Ivithin our Musi¢ Depi oiir
Clioirs glso record¢d 2 iYondErful LD.£ aiid iv¢ WEl¢omed Deivi Rees lo Ilic Ab￿Y a5 our neivA£51s1anl Organist.
We puid our full year Parish Share payinenis ¢arly- by September2023.
In MBrch we slwived SUPPDrt for lJkraine by hosting a concert on the first anniversllry of th¢ invasion of Uktaine by
Russia.
Ill Oclokr. l.uk¢ Jerratn s GAIA installed in the Abbey for8 Mionlli. Wc laiiiiched a piD£r￿mMe ofevenls called
"Treasuring Creaiion'la mixof¢on¢¢rls. ialksand fDniily Bctivities all focused upon looki118afterourplallBtI. During
this pcriod 1¢1is of Ihouwds of visitors came lo the Abbey and the piogrRmiiie ivss R h￿8¢ suceesg.
W¢ ivclcomed 351,000 visitors (nearly 400,000 ifyou iiiclude graduations, concerts and shoppets carols) whicli %vgs
virtually id¥nliclll to the previous year.
The A￿Y won 3 natioiial archiieclur&l alvards for Ilie works carried out during our Foolprtnt l)toject
We ￿lco]ned over 100 ni¢nib¢rs of iheAbbey family to celebFale HRrve51 Supper and Biitn8Nighi.
W¢ celebrllted the King's Coronation in the Abbey iviih a conlert from our c1￿1r8.
'llie lJiiiversily of Barh alld Norland Coll¢g¢ held Ih¢irgradualioiis in th¢ Abbey and the CharterTrust¢¢s ofihe City
of BRth held tlieir aniiual Mayor M￿kIng ¢¢￿nIottY h¢re.
W¢ ended the yE4ir Iviili & fvll cojiiplcmenl of staff wjd IiBviii8 ¢oinpl¢ted our Si8ff Enga8¢inenl Adiort Pl&n.
llie A6b¢y rem*ins very tnuch 81iv¢ aiid busllinE with visitors froni all over the iyorld.
As we ¢niei' 2024, the Abb¢y is ni)iv ivell on lh¢ path io full retovery. We aye once again out%wd looking al￿ e*ger to
51rengiheii our Cily mission ￿ld lo bToad¢n aiid deepen Abbey prayer lsfe. In 2024 we llre focusing on"Tending" and wc have
programmc of inilialives beiijg inipl¢mented through the y¢ar ivht¢h ivill increase botli our P*Sloral care gclivilies and our
niiiiisiry Nyith children snd young adults.
We would lik¢ 10 take this opportuiiity lo Ihank our le3lli ofivonderfiil volunfrers, especially our l)CC membBTS. chaplai114
Chlircliwardet￿ clergy B% w¢ll ￿ our Staff. choirs aiid our ¢olleagiTes at Ilie Dioc¢5an Board of finllnce, for their Continued
SUPPDrt throughout 2023.

Batli Abbty PAroeliiHI Church Couneil
'ri'u¥iees' AnnuAI Rcport (eoiJilNiierf)
Year cndtd 31 Deccmber 2023
PCC PIAns foi. Future Periods
In 2020 t1￿ Abbey uiiveiled it5 Mi55ion Action Plan which set tstst Ihc priorities forthe period 2020-2025 pursuing ourvision
by focusing on ihe folloivin8 are85'.
Thwksgiving
Worsliiping & prayittg
leaLhinB
Tending
Trai)sforniing
TITllsurin8
GTowing 8% followers ofJcsus
Caring as a chiir¢li family
Pursuiiig justice and p¢ace ID 59ciety
Stsslaining and renewinÈ ¢rtalion
Irt 2024 w¢ will b¢ focu51ll8 our efforts lendin8. This will involve..
Developing iiit¢r8¢neration&l T¢laiionships ￿ld nBW iniergcneralional %ervices
D¢velopiThg Pastoral Sircams- Hospitsl and Hospi¢¢ visits, 14ome Conimunioi) visits, Psstoial Car¢ to young
pcople wid farnilies IAbb¢y familie5 and choir f8111iliesl
Reviewing Accessibility acro￿ the Abb¢y wid o£fering a Nvider Mrlcome to visitors
Supportiiig the liouscbound and developing DBmL'nlis care
Strengiliciiing coiiimuTricativn and'TendiThg' llcross Abb¢y deparfaienls
Specifi¢ pn)jecls in 2024 will incliide..
Collaborating iyilli BANES Cgr¢rs Cenire 111 Ihc setting up of a C*rer Café al B8ih Abbey and po8sibly
Ber¢aveineiit CDfé
t)eliv¢riiig DemEnlia Friends training sessions lo Abbey staff
R¢vi¢wing 8iid itnpToving th¢ accessibilily of lh¢ Abbey
Siarling up R neiv Abbey Klds and Abbey Cieche Group in January 2024
H051ing a City wide youili Eveiil in Sunimer 2024
Electoral Roll and AYerAge weckly attendance
Tlic niiinber of persoiis oil lh¢ cl¢¢lor￿1 roll Hs ai 31 D￿enIber 2023 was 453, eonipared iyiih 456 al Ihc eiid of tlie previous
yBtiT. The avcrage weekly BttEndsnce5 at service4 including visitors, duTing the year was 82012022- 3311.

BRth Abbey ParothiAI Chur£lL C.oun¢il
Tr￿stee5, Rcport (coiiiliiiittil)
Year cnded 31 December 2023
FINANCIAL JILvir.Iv
2021 marked the wiiiplciion of oiir Footyriot ProjeLI. IhB QPB of the Abbcy's new Discovery C¢iiire and Ihc iniroduclion
of an Admission Fee lu visitors. Eiitranc¢ 10 IhB Abbey r¢niains free for Ihose enlBring to worship. pAy or liglit a candlc as
well gs for locul r¥sidenl5.
nie tJlrodu¢iiort ofihe Admi$8ion fee ha5 bBen 8 Success and has iransfortned tlic finan¢¢s of Ilie AbbEy. Ex￿ndi￿re has
¢oiiliniiEd to exceed inconic (by £41 Ikl. Flowev¢r. this iiicludes expeiidltu￿ froin resiricled funds tor wl)icli money ligs been
raised in previous year& tnvsl notably for Footprint and Ilie ref￿1'bIShinenI ofouT Klais oigan. Perhaps a beiicr indicDlor ofih¢
finaiicigl p¢rf0I5tiantE of the Abbcy is Ihc exlciil lo ivliich Ili¢ balance on the Geiieral fuiid liad Ehanged in Ihe course ofihe
year. Tlie General Fulld is Ihe nioncy avHilDble to th¢ Abbey lo &pend on ils nornial s¢iivilics llnd excludes luiids raised. or pul
aside. for speeific pu4)oses.
llie balanc¢ on tlie Genetal bund incr¢ased froni £257k 81 the end Of De¢¢mbBr 2022 to f364k ai Ili¢ cnd of Deceniber 2023,
kn increase of £107k.'l o have generated a siirplus on the GeiTreral fund iii 2023 is a draiiiatic tuni around froni D deficit on the
Cjeneral Fund of£103k in 2022. Thai prioryear defi¢ii would liave been Inuch a% £355k ilihc Abbey liHd paid parisli slihre
io 2022 al ihe saiiie l¢v¢S as il htss paid in 2023. 511 eff¢ci a true deficit of over £350k ha5 been lurned into a surpltr8 of tsv¢r
£IOOk.
'rhe foundaltoii for this Ironsfonnalioii has been that all of the Abb¢y's income slreams performed iv¢ll in 2023. Visitor Income
increascd by 7WA from £0.87in for 2022. 10 d record level of £1.55m in 2023 despite slighily feiver pllyillg visitors. Planned
Oiving alsty perforined %v¢ll, Ivhcre the congregalioii donaicd £244k to the Churcli ivl)i¢li w85 29Yo up on the previous yeor.
I'he shop4lw had a r¥cordye&r for591¢s whith reciclied £435k. F.I'ctils Inconie Iihis is incoiii¢ iiiainly from graduatiot￿ fjlming
& concei'lsl also liad a JEcord year. Ov¢rall, IhE Abbey's ujjrcslriclcd iliCOmL has risell iii 2023 by 59%.
The Abbey's tsnre51ricled costs liavc increased by 35%. The Iraiisforniaiion ufincome has alloivttd Ihe Abbey lo pay il% Parish
Sliarc of £282k iii full aiid 10 siAII'a pay increasc in Sgplember 2024. Exolu(liiig ljarisli Sh&re the Abb¢ys ufjresliicled
co81s hdve iiicreascd by 22%. 1'lii5 incliides a provisional ttlloiyaiice for a hilh¢rio Unk[￿}vil liHbility tgr unpsi(l Ttnl lo Bath &
Nortli E&41 Soiri¢rs¢i Coiincil for the vaiilis vf Abbcy Ch￿nIbel.% for th¢ periud from Nov¢mb¢r 2016. We expect to hav¢
clarified Ihe posilioii llijd lo have pHid iliE suin due duri118 th¢ firsi hdlf of 2024.
Overall, Ivc are plcdsed Ihst Ilie Foolpriiii Proj¥¢i lills beeii %u¢¢essfiilly complBled and we iiow have a busy Abbey very miich
aliv¢ and Ilii'iving. Oui. finaiiccs al'e noiv more slabl¢ aiid predi¢i*ble, and our focus now 1$ to ieplenish our reserves so Ihal we
Yill be lldequalely proiethd fJY)m any future sliocks.
We woiild like to lake IIEIS opporliinity to tliaiik th¢ PCC oiir leDni ofci¢rgy for Iheir wisdoin aiid guidan¢c ￿ld for being
both IEsilt¢nt aiid brave over receiity¢ars in $upwrting Ilie iiilr()du¢lioii ofihe Admission fee proposal. We ivould also likc to
Ihaiik oiir faiitsstic le￿17 of slatr. volunteErs Rnd chaplaiii% ivho hove done oulslanding job ofimplernenting our R¢coYery
progrllTnnie Ilirouglioiii 2023..

Batli Abbey fai'D¢lii41 C.liiircli C.oun¢il
Ti'u51ces' Rcporl (coiiliiiiiyd)
Year end¢d 31 1)ctemb¢r2023
riixci] Assets
TlJ¢ curreijt vuliie of th¢ Abtw's frEehold properties is believed to be considerably in ex¢¢ss ofthe bDok vali1¢ of£139.791:
thc PCC does not COn5idertlial a revllliialion ss n¢cessary tti prcseiit bul is kceping the sitlllltion under regular Feyiew.
Ileserves PollLy
Baili At>bey reqiiiTCg Unr¢51ricled Furtds lo carry oul lig mission, logetlier %¥ilh the upkeep of lis building5. For Ilie Purpose or
il% Reserves Policy, Bath Abbey Lottsidcrs Unreslriclcd Fiiiid5 to be cash and inveslnienls availabl¢ lo finanC¢￿til¢r3l RcliviliLS,
clllculalcd ncl of afty borroiying iliat is repayablc iii Ihe ¢oiiiing 12 moiilhs1£50k vfihc £30Qk 108ll froni Ihe Diocese of Slath
and Wells isrepayable iii 20241. fundswhicli are unreslriElcd. bul which Bre d¢signaled foTsp¢¢ific purposes, are &lso ekcludEd.
The required level ofres¢rv¢s i5 dEtcrmined with refeTenc¢ lo Baili Abbey's 2024 budgeL a longer lerm budgei aiid Bgih
Abbey's risk regisi¢r.
Batli Abbey'$ Reserve5 Sx)licy reqiiires B3thAbbey to liold sufficiEnl Unrcmricted Fund8 for working crtpiial requiretnents, the
perceived risk lo tlaih Abbey's inconie 8nd iiiifor¢s¢en costs which nii8ht arise.
Using this calculation, Bfjih Abb¢y's minimum level ofreserves should b¢ £958k. Ithsch represents eirca 5 month5 ofplawJ¢d
unresiricl¢d expenditure. Unrcslricled Fund$ Ivould not be expccl¢d to exceed a level of 9 months of planned unrtslricted
expenditur¢.
At year Clld Balli Abbey held £596k0funTe￿rlCI¢d Funds a5 ai 31st D¢ceniber2023. niis equsies lo 2.8 nionth5 ofplaiined
nre￿rICt¢d ¢X￿ndit￿l[e.
Baili Abbey ha% n longer l¢rin budget ivliicli ¢iivisages SLirpliis&% over ihc 5 ycars 2024 10 2028. Acliieveiiienl of Ihal budget
shoiild eiMble BllthAb￿Y to repay thc dddiliongl £250k borrow¢d froni th¢ Diocese aiid lo build ￿serVeS to a levcl of 5 Inoni115
of planned unreslricled expenditur¢.
The tx)ssibl¢ benefit froni legacies in the coming yw5 will be in1port￿l 10 Balh Abbry fi]IfJlling Ils Diission Elongside the
renewal of ils re5¢Nes and the remedial swrk reqiiired ￿ a r¢5uliofihe rttent quinqiiBnnial r¢viewof thE fabri¢ofBgihAbbey.
Investment Policy
Bfjih Abb¢y does not hold gignificanl long-ILmi funds. 11 is neverih¢less imporfartl Ihal BaihAbbey adopts a c&uliou8, prudenL
d eihical approacli to inveslmcnls aiid deposi15. C.8sli bDlances1£777kl should be covered by ili¢ FCSC deposit giiaraiitee
scheme or, if in ¢xc¢ss of £85k, slioiild be dcposiied wllli 8n inslitulion ¥Yhicli liold$ credit rating of #i least single A or
equivalent. C8sli b818nies wliidi are nol requ¢r¢d for day-lu-(kny operation should be placed in iiilcrest bellring accounts.
Tlie one long-ierni cnth)iviiient ivhicli BalliAbbBy does hold1£151kl is inv¢sled 511 IhE CBF Cliui'ch ofEllgland Tnvestment
ruiid, 8clively Tnandg¢d by LCLA. Tliis LCLA fund is compliglit Iviih Ihc policies of the Chiircli of Lngland'g Elliical
InvestmentAdvi80ry Groupy
The Head of Finallce tnolliiors the c85h tx)silion and cash floiv projections artd rerrt)rts to the Fittance Committee at each
tneeting.
Ali reviewof compliBiice iyilh Balh AbbEy'S Inv¢8tm¢nt Policy is pY¢senled ID the pcc forthe Bssurancc of th¢ trusteEs.
Pay Poliey
Tlie Abbey is coinlliilted 10 payiiig gjl staff 01 least th¢ Natio[￿1 Living w￿e.
SIDff pay is also y¢8ularly revicwed land ben¢hmark¢d ag&in51 pay in other similar organiElltionsl by the Abbey's Personnel
Coiiimittee.
In Sept¢inbEr2023 $11 Abb¢y st&ffrectiveda pay 8w&rdof bctwccn 5tsAllnd io%iihosewhD received l(Whare poidlhcNation&l
Living Wage orthcir pay is linke(I to the Nlllional Living W88¢1.

lJ#th Abbey PRiy>¢hial Church C.oun¢il
Tru$tet%' AniiuAI RoTroi'l (coiiillltithl)
Year ellded 31 DeL'cmber2023
Pi'incipal Risk5 UMcei't#intlC5
Tli¢ PCC has reviewed IIIL. risks faciiig tli¢ Abbey ilstradin8eompony ￿ld consid¢rs Ihe niosl significanito be Ihose sholvo
Risk
l.oi¥ cash re5erve%. Diie lo the pandeinic and Foolprinl
Project costs Ilie Abbey's uiire8lri¢ied cash reserv¢5 are
bElow our niiniintsm Ihi'eshold level of5 nTronlhs'
expcndilure. Our unresli'icied cas11 ss at 31.12.23 is nellrer
10 2.5 rnonilis. of expenditure.
nts
A RLcov£ry Pl311 i¥a% iniplemcnled iii 2023 aTid PFofilllble
Ir&dii)g li&% ¢iisiicd. In 2024 we arc forecasting D nel
surplus of£200k+ this is expccied ID conlinue each
year.
We expect lo be ablc 10 tEpleni5h our OliY¢Slricled reserves
villiiii 5 ycar%. We closely track casli and monllily
erforitian¢e.
Throughout 2023 the Abbey has reviB%ved saf¢guar4iiig
Ptocedures and hgv¢ made imPToveni¢llls. We are taking
muEh firmer lili¢ oil safcgiiarding procediires and
ideiilifying bRaches'. CO Irainittg is noiv compulsory for
Safeguardin8. ProtecljiJ8 childtrn, young peoplc and
viilnerable adults from liarni, ab￿￿e 4nd nc8lccl.
All Sl&ff aiid volunl¢cts al Ilie Abbey need lo bc Bw8r¢ or
Ilie rssks., iieed ID knolv whal lu do if Ihey havc concerns.,
D¢ed lo Irnplen￿llt and folloiv robllsily safeguarding
protedures.
We have B robust sysl#tn to ensuTe cliecks are ¢llrried out
re iieiv recruiis. W¢ 41tt ull noiv iiiorc vigilant re followiiigl
implcmenling safegugrdiiiÉ piocLdiiies. Musi¢ Dcpi
safegiillrding prgelices have albo beeii rvi¢ived and
118hieiied up.
Possibilily of anotlier pandcniic. 1kne Abbey isover-JElianl
on a single incoiii¢ slreani- Visitor Iiicomo. I'his income
could possibly Slop if ive went ill￿ aiioiher lockdown.
We are a¢livEIy 5eekiiig oui uihei income slr¢ams'. Filniing
Yenue income, Lega¢ie5 Income. Planned Giving,
orporat¢ l Aivards dinneiE veJiu¢. Thc&ttc venu¢ &
Graduation venue. In 2023 r.venls IncDnie is estimaled 10
be £200k gross.
W¥ lllso need to groiv our iinre51ricled cash rc5eive5 10
£850k-£lni iii ordeT lo build I'esilieii¢e. We llre stsrti118 to
build reseTves in 2023.
The Abbey Hnd COE is geeiiig & declinc iii
115 congiegaiioii. Ntttional issue- reiiilDrttd by latest
CLNSUS dai&.
With ihe coinplelion of our Di5cDveiy Cciiire our Leuning
Centrc l Learniiig Otriccr & Youtli & Familie5 Minister
will maiiiiaiTI And gi￿1V this 5cgm¥iil of the congr¢8alio
tlirou8Ji sclioolg, cknir4 bring a fri¢nd.

Bath Abbey Pfii'ochial ClJui*lb Council
'rrusl¢¢s¥ ￿￿nUal Ilepurl
YtHr endtd 31 D¢coinbcr 2023
riundi'Aising
In Mllrch 2023 Ilic Abbey tnoved froim a policy of siigbresiiii8 to visilor5 thal they Inay Ivish 10 mak¢ a £5 donalion lo cli8igllig
an Admission Fte of£6.50, 1.his major policy ¢hangc hds t￿¢1) well receivcd by all 8nd OUT V15iior numbeTS hdve li¢ld up
thToiighoul Ili¢ W1￿￿e year.
Colle¢lions are reteiv¢d iii mwy of the services thatare held in the Abbey, howevertliese continue lo be lowerthan in pr¢vious
years, which ive attribuie ro th¢ cost of living crisis.
Tlirouglioul OciolKr ¢acli year oiir sctmon5 focus upon stcwardsliip> ciicouraging people lo ihink about ho%v Ih£y coiil(l iise
Iheir iinie, talents &nd rnoiity lo %iipporl the Abbey's Missioii Action Plaii. We are pleased lo IEp)rt Ilial Planii¢d Qiving in 111¢
Abb¥y in 2023 was 290/1 up on Ili¢ previous ye4[ l¥vhi¢li w8s 14% lip on the yeJr bcfore). This Ireiid comparcs favour&bly to
PIani￿d Giving naiioiial trends.
The Abky nIan￿e$ ilsown fiindr&isiiig activities and cmploy5 lln ex￿rIenC¢d Developmenl O￿lCert0 roise the fund5 requiTcd
for 5peGifiL ¢apiial projects sucli the foolpriiil 1)rvje¢i. In 2023, lls Ivr Lonipleled the fooiprinl Pi'ojecl oiir Devclopmenl
Offic¢r y¢covered from a loiig ix)ul of illiie58 and sp¢iit lier tiJ]]E updaiing and coinniuttic&liJJg with our loyal doiiorsRnd sLartLxI
lo plaft for fiindiaising fDiour next Sel of cllpilal project%.
The Abbey lakes all conipl&inls serioiisly and Ih81 ivould certainly include atty aboDt ￿ndr￿ls￿llg. Duriiig Ihe yBai no such
omplaiiils ivere rec#ived. Tlie Abky ainis 10 achieve besl pracliEc iii Ilie ivay il conimiiiiicates willi parishioncrs, donors and
other support¢rs 18king cHre over Ihc lone of ils commiini¢alions and the ac¢ura¢y of the daia Ilial il hold4 to iiiiniinise Diiy
iinfair ptessure on Ilic people it conlDcts. The Abbey also slriY¢s ￿ protect any data it holds, nBvBr sells or sivaps it wilh other
orgaiii¥alions and ellsures Ihai conimunicalion prcfer¢iices of individuals aiid organigAlions can be chRnged ai any tillic.
SI'ATIMINT OF Rf.SPONSlBILI'I'ILS OF TIIE I'IIUSTCIS
Tlie niembcrs of Ilie IJCC. ll5 111¢ charity trustees. arc r¢gponsible for preparing the PCC'S Trustees, Annual Report 8nd the
riiiancial siaieniciits in accorda11￿ ivilh applicllble l&1¥ aiid r¢gu121ions and Uiiited Kingdom A£￿1}￿tIng Standards {Uniled
Kingdom G¢nerally A¢¢epled Accounting Pr*¢iieel.
Thelgiv appli¢ablc lo cliarities in England and W8le5 ￿lI11r¢S the Ineniber5 of Ihe PCC lo preparo fiiiJnciol stlltcni¢nls foreach
r¢iiaiiei81 yew- Ivlii¢h give 8 Irlle aiid fair vi¢iYof ilie %lalc Df Atrairs of the Abb¢y aiid ofilie inconiing rwurces aiid applicatio
of resources of Ilie Abbey for Ihal period. Iii PlEpttring tliese finaiicial $ial¢nieiits, the memb¢rs ol'lhe PCC Are required to,.
select suiiabl¢ accounting policies aiid then &pply Ihem ¢oiisistenily'.
iiiake jiidgcin¢1115 and accounlingesiiinales Ihat are ieasonable and PTtsdeni'
prepare the fiiiancial siaieiiieiils on Ilie going concern b&sis unl¢ss il is iiiappropriaie lo presume th#1 Ihe Abbey will
contin1￿ in opcrglion.
The nieinbLrs ofihe PCC ale respoiisibl¢ for kccping proper accoiinting re￿rdE that disclose ivith reD50nllbl¢ Hccuracy at
2011. tlie Charity IAccouii15 gnd Report51 Re8ulati011s 2008 hftd Ili¢ provision5 0(Ihc Abbey's c01￿11111110n￿l docuniynls. Tliey
gre also respoiisible foi. safeguarding the a55e15 Dr Ihe Abbey and licIic¢ for tDking reasoiiable steps fur ih¢ pr¢veiilioii und
d¢lection offraud and other irregularilie&
Signed oil b¢hlllf of the Trustees
The Rcveiriid Cunon Guy Bridg¢w&ter
ReclOT of Balli Abbey
Dale..

Bath Abbey P4rorhiRI Lhiij'ch C_thwhcil
Indepciidcrjt Audilor's Ilepoi'l to tljo Membeis of ll211J Abbey ParocliiAI Church C¢buneil
V¢aJ' ended 31 Drccijjber 2023
OVINIOiY
We have hudited the financial SlulenienlsofBallJ Abky PRrochial Church Council Iihc'charity'l and its siibsidittrylihe'CFroup'l
fur the year ciidcd 31 Dcccinber 2023 ivhicli coiiipri£e Ili¢ Coiiyoliddlcd Stsiemeiit of fiiiancial Aclivilies, Ilie Cons01i(laled
B41gnc¢ Shcci. Ilic Chyrily Balan¢e Sheet, the Consvlidaied Sialenieiil of Cash l-.luiYs llnd Ihe ielaled nol¢s, in¢liidiTrg
suinmary of 5igiiific8ni aicounliiig policies. Tlie finnncial reTK)rling fraineNYork Ihal hag be¢ii applied in their prepai'alioii is
applicable law and Ujiiicd Kingdoni Accuiinliiig SI￿17d￿rds, iiiLli1dii￿ findnciBI Reporling Sifind￿-0 102 '1-lie Fiiiaii¢ial
Reporting SlaiidiTd applicable iii Ili¢ UK uiid Republic of Ireland, (Ulliled Kingdoiii Gen¥rally Accepted Accountitig PraLlice}.
In our opinion the f￿anCial Slalements..
give a tru¢ and fair Yiew ofthe slatc of ihE Group's aDd tli¢ Charity's lltTgirs 25 at 31 D¢cember 2023 ￿)d of th¢
Group's incomtn8 resour¢e5 and appli¢Rlion of resour¢¢4 includiiig ILS income and cxpendittiTe for Ilie year then
liave been prO￿l.]Y prepared in attordBnce witli United KingdDm Geiierally A¢cepied Ac¢ounting Pra¢li¢*,' and
have been prepared in accordanc¢ with ilie requirejnenls ofihe Charities Acl 2011
BASIS fiOII OPINION
We condu¢t¢d our aiidil in accordaiice willi lTrternalioiial Slandards Un Aiiditing IUKI IISAS IUKII and applie8bl¢ laiv. Our
responsibililies under ihose standards aTe ￿rther d¢s¢rib¢d in the Auditors. re5ponsibiliii¢s for Ihe audit of th¢ firtan¢i&l
sialcm¢iiisseclion of our r¢pori. Wc are indep¢iidcnl ofihe Group iii accoi'dancv iyiili the ethical requir¢iiicnis that are relevaiit
10 OIIT audit of Ilie fiiigiicial slalctnenls in th¢ Uniied Kiiigdom, incliidiiig Ili¢ Fiiiancial Reporting Countyil's Eihical Siaiidard,
v¢ hav¢ obiained is su￿1cle111 aiid dPPFopriale lo provide a bllsis for ourgpiiiion.
CONCLIISIONS RF.LATING'fo GOING CONCfliN
Iii auditing tlic finaiicial slal¢iiiciiis we have con¢ludcd that the nienibers, use of Ihe gtsing concem ba515 of accounling in the
preparalioii of the fiiiancial Sldlemeiits ￿S appropriate.
Ilased ots Ihe iyork we have porformed. Ive have iiol ideniified material unceriaintie5 relating to events or condiiions tliat,
iiidividually or collectivcly. niay cast significaiil doubt on the Group OT Charity's abilily to eonlinue as a going concern for a
period of at1¢gst Iw¢lvc tnDnihs from ivli¢n the financial %lal¢iii¢iiis arc Auilivi-ised for issu¢.
Our respunsibililie5 and ihc respot15ibililiesgf Ilic iiiellibers with re5p¢cI lo going concern gre describ￿ in ihe releviu]tseciions
of Itus rEPOrt.
OTHER INfiORMA'I'ION
I'he ]nembEr£ are responsible foi'the oth¢r infomiation. Iheotheriiilonnaiion eompriseslhe infonnaiion included ￿theA￿nUa]
Report, other IhHn the finDncial slatemenis ond olli. Aiidilors, Rtport iliereon. Qur opiiiion on Ihe f￿￿nCial slal¢iii¢nls docs not
¢ov¢r Ihe oilier information ￿)￿, cxcepl lo Ihc exlenl 0lli¢ThYise expliciily staled in our reporl, we do not ¢xpress any lortn of
assuJI￿re conclusioii Ihcreon.
Iii connection with oui. audit of the financial.£lBl¢nienis, our Te5ponsibility 1% lo rcad th£ other iiifoiiiialion and, in doing so,
Consider wheihei. th¢ other infonnalion i% maicrially inconstsleiil ivilli Ihe financial st&lenients gr our knowlvdge obtBined ill
Iiiissiaienienl of the Dllier iiiforinalioii. If, bas¢d on Ihe ivork ive have p¢rforin¢d. lye conclude that there is a mllteri81
nii551&teiiicnl ofihis oilicr informlllion, w¢ are tLiJuited lo report Ihai fact.
W¢ have nothing lo report in ihis regard.
10-

BAllI Abboy PRI'ochial Churtli C.ollncil
Independent Audilor'% Roporl to tlic membe￿ olBalh Abbey PAroeh¥AI C.liuJrh Countffil (coitsjitiiedj
Year cndtd 31 Doeeinbcr 2023
MAT'FLIIS ON WHICH WC ARE IILQUIRF.D TO Rf.I'OllT Ill, L4 XCFPTION
n the liglil ofour kiioi¥ledgE underslandiiig gfilie tiroup nnd Cliarily and i15 envitoninenl obtained in the coiiiy of tlie
audit, we hdve nol ideiitifled maleiial nii5siaieinents in the Annual Ilcwrt.
We htve noihiiig to report in re&pe¢i of ilic following llittttcts in Tclalion lo Ivliich we to rcpofl to you if, in our opinion..
tli¢ Cligrity has iiDI kept adequate and suffirieiit accountiiig record& or returns ad¢qugte for oiir audii li&v¢ not been
rcceiv¢d froiii branclies not visil¢d by us. or
Ihe Cliarity f111811cidl sialeinciii% ar¢ nol in agrL'cmcnl with tli¢ accounliiig records and retsrn5: or
ve have not received all the iiiform81ion and cxplaiialioiis we require forour audit., or
Rf,SPONSIIIILI'I'IES or MCMIIEIIS
A5 explained Inore ￿llY 2n the nienib¢r'5 responsibilities siaiemeiil, tli¢ menibcis are rcspoii£ible for ihe p￿pal'atIOn of Ihc
rinancial si*icni¢iils w)d for being salisfi¢d that Iliey give a triie and fail. vieiv, for ¥iicli inl¢mg1 control as Ili¢ Inenib¢r5
deicrmitte is iiecessBry lo enable the prep&rnlion of financial sl4l¢men15 thal Rre ltte from li￿terial Mis￿ateMe￿I, whether dtte
to fraiid orerror.
In preparing Ihe f1naii¢ial %latenient5, the member59r¢ reswnsible loT￿$t$S1n8 th¢ Group'5and Ihe Charity'58bility toeoniinu¢
Hs a gving ¢oiiceni, disclosing. as applicable, iiialler5 rclatcd 10 going coiicern using Ili¢ going concern basisof accounting
unle55 th￿ Ineiiib¢rs eitli¢i iiilend to liquidal¢ Ibe Group or ilic Ch&rily or lo ceJse operation5. or have no rcalisiic all¢riiglive
bul lo do so.
AUDI'I'ORS, RESPONSIIIILI'I'ILS FOR TIIE AUDI'I. OF T14E fiINANCIAL sfATF.Mfi.NTS
Our obj¢clive5 aiE lo obtain r¢asonable gS511TÈnce about wh¢th¢r Ilie finan¢i&l sialcni¢Dts 85 9 wliolt are fr¢¢ from tnglerial
misslalcmciit, whether due to fraiid or error, and lo issiie an Aiidilors. Report that includ¢5 our opinion. Reasonable
is a high Icvel of assiirattcc, but is not a gDaranie¢ Ihal ali Biidil coiidu¢ied in accoi'dance %Yitli ISAS IUKI will alivuys delcct a
maleiisl niiss1llte￿e￿I Nyhen il exists. Missiaieimenls call arise frotn fTaiid or emir 8IE considcr¢d niatei'ial if, individii*lly
or in Ihe aggregate, they could rea50119bly be eX￿¢ted 10 intlii¢nw Ilie econotnic dcci5ions of users lakeii on Ili¢ basis of Ihesc
rinancial sial¢m¢nts.
ltsegularilies, iiicluding fraud, are instsnce% of non-¢onipliancc with 18Ivs aiid rcgulaiions. We dEsign pioccdiires in line with
our ￿S￿￿)n81bilil1¢S, outlined above, 10 dciecl Inalerigl niisslalciiiciils in r¢spect of irregiilariti¢s, inclllding frau(5.
Idtntifyin% and ￿SsesSIn¥ pottntt*l risks related to iri'cgul*ri¢ios
The extEni io which our procedures llre tapable ofdetectillg iiTeEulaTilte% including fi&iid is dclailcd below..
We liave wnsidered ihe naitir¢ ofthe sector, control environinenl and finon¢ial perforiii8nce',
We Iwv¢ considered the results of eiiqiiirie5 Nviili nianag¢iiient 8nd rnembers iii Irlglioii lo thBir own id¢ntificBlion
nd assessiii¢nl of Ihe risk of irr¢gularili¢s iviihin the enlily. and
We liave reviemrd Ihe do¢unienlalion of key processes aiid cootrols and pcrfomie(S walktluDughs ofiran8a¢tioiis lo
confirni Ihal ihc 5yStcnis are optrciling in liiie with documentalioii.
rorany mtiiers id¢ntifiedwe hsveobiain¢d and TeviBived the Group'sdocumenlttlion ofi1i¢ir policies and ptocedures
lating lo..
identifying¥ evaluating, And complying with IBWS and ￿gUlatIonS whether Ilicy wer¢ gWHTe of llrty
iiisIRnc¢s ofnoii-¢ompliaThce:
dBieciing aiio respondiiig to Ili¢ risk of fraud gnd whether they liave knowledge of a¢lual, Suspected,
or allcg¢d fraud,. aiid
the iiii¢riial ¢onliDls cslablished lo mi1188le the r￿Sk$ of fraud or non-roTrpliance ivitli laws and
regulaliuns.
Iv¢ liave coiisidetcd the mall¢rs discussed Diiiun¥ Ili¢ audit ¢iigagemBnt team r¢8arding liow and ￿￿tre fraud might
octur in the financigl slate￿C￿lS and polcnlial iiidicators of frnud.

114th Abbey P2rocliiAI Chiii'cli Counckl
lJid¢p¢nJcnt Audilor s Rcpui'l tD Iht ML'mbcr5 of Bath Abbey PRroehial Chuiyh CDuntil (COAJilrtlieil)
YeRr endod 31 De¢t￿be1. 2023
As a result of Ih¢s¢ Procedures, Ive bavc congidBred the opporluiiilies and incentives Iliat iiiay exist viiihin the org811]￿tIon for
fraud i(l¢nlified Ilie highest 8rea ofTi$k lo be in relation to revenue recogiiiliot], willi a pariicdlar risk in relalioii lo year-
eiid ciil vIf. In coinnion ivilh all &iidilS under ISA% IIIKI we HTe Rlso reqiiired lo purfotm specifjc procedures 10 respDnd lo the
risk of niaiiag¢iiieiil uv¢triik.
We liave a150 obtained underslandiiigofihe legal and r¢gtslaiory fTameivorkstlig1 th¢ Groiip OPBfdtes in, focu811￿ oil provigions
$18leineii15. The kvy I￿￿S llnd regulaiioiis ivL' Eonsidered in Iliis wnlcxl included the Charities Act 2011. CIIBTity SORP 2019,
FRS 102 and ilie leinis and conditions lltlacliing lo Inalcrial giants received by Ili¢ Charily.
In addition, we wnsideTed the provisioiis of oiher l&%Ys aiid r¢gulalions that do not bave a direct etrect on ihe fiiian¢ial
slaleineiils bul compliance Ivilli ithich niay bB fund&iii¢iilal 10 Ihc Groiip's Bbility lo Trperaie oravoid a mgl¢rsal pejalry. These
includcd ddla proleclioii regulations, heDlih and safciy re8iilalion5 ￿ld ¢mployJn¢ni legislation.
Our procedures to Tespond to risk5 idejilified included th¢ folloi¥in8'.
Reviewing the fJnllnciBI slatem¢iii disclosiiTes 811d tesltiig to SUPFK)rting documentation lo *ssesg Compliat)￿ iviih
provisions of relevant 18Iv% aiid rcgiilaiivns de5cri6ed as liaving a direcl etyecl oil Ili¢ finaniial sknlcnieiit
Performillg dnalytical procedures lo identify ￿nUSUal or UtteXpe￿ed reialionships Ilial may irtdicale risk5 Of iiialerial
Inissiaiement due to fraud.,
R¢vieiYing board iii¢¢l¢ng Ininiiies.
I'erforJningd¢l4iled iilln5Dcli(>nal testing in relation lo the recognition DfTevenue. sp¢cifically granis, with &pllrticular
focus aroiitsd year-end cul off. aiid
In gddressing Ili¢ riskof fi'llud Ilirough nianagctncnloveiTide of conlroly, lesliIigthc approprialene55 ofjoiitnal entries
nd ollicradjiisitnenls,. assessing ivheih¥r Ilie judgnienls iiiade in acLoiinling estiiiiales #r¢ lildi￿live of potential bias.
and Evuiualing t1￿ business niiionale of sigwfjcanl Irart¥actiOn5 that uiiusual or OU15ide the nornial course of
buslllC5S.
We also commuKi¢aled identified laws and Tcguldlions poleni¢&l fr&ud risks to all Men)￿r$ ofihE cngagenient lewn and
r¢main¢d alErt to possible indicators orrrttud or non.compliance with and r¢8ulalions thToiighoul th¢ audit.
rinaii¢ial 8l#icmeiits or noii-coinpl1an￿ ivitli regulation, ¥vill bc detected by lis. Tli¢ risk inrtcJse5 the fuitli¢r rcnioved
less likely lo be awar¢ of it, DT should the irr¢8ularily Dccuf BS g Irsull olfraud railier Ilwi g otte ofT¢rrui. us Iliis iii&y involve
intentional ¢onc¢alm¢ni. forgery, collusion. omission or niisrepres¢nl*lion.
A furtliei. de5criptton of our Tespon5ibililies for the aiidil of the finanoial siaieniertls is hcated on Ilie Fin&n¢iAI Reporling
Council's websiie ai.. lvww.frc.org.uk18udilors￿gpunsIb1IItle$. This descrlpiion fottns part of our Aildilo￿, Rewrt.
12

Ilath Abbey ParnchiRI Chur¢h C¢>vncil
Indepen(leMt Aiidiloj 5 RcDorl to Ihc Mtmb¢rs uf Il*lli Abbcy PAro£liial Cliiij'th Council (coiJlilJltg41J
Ytar tndtd 31 Deco]nber2023
usr or OUR REPORT
Thi5 report is niade solely io the iiicmbers, as a bDdy. in t¢cordaii¢e with s￿11017 144 of ihe Ch*riiics Act 2011 rcgulaiions
we are reqiiired ID Slule lo Ili¢iii ill Audilors, Ilcpori for no otlici. purpose.'lo Ihe fiill¢si exleiit pern￿lti¢d by law, wc do
not Jccepl or a55111ne iL'sponyibilily lo anyone other Ihifft ili¢ Inctiib¢r5. as a body? for OUT aiidil ivork. for this ￿port, or for the
opinions iv¢ l)ave fornied.
Chi'isTJ'antlJam fcA (St￿lOr Si*iutoiYAu￿l1Or)
for and on belialf or
Bisliop I,'leming l.LP
ClidTi¢r¢d Account￿15
Stllliilury Aiidiiors
10 Tcinple Back
BSI 6FI.
Date.. 19 May 2024
Bishop FlcmiJ)g LLP i5 eligible 10 act as aa auditor in tertns of se¢iion 1212 of the Companies A¢t 2006
13_

Illll) Abbcy P￿r￿ClIE￿I Church Countil
cons01idatC4] Slatemeiil of finxneiHI Activiti¢$
Yeir en(led JI DcL'cmbor 21b23
2022
2023
R¢slrict¢d
IreclRssifiedl
Unre51ricled
ruiid5
Endoivinent
fuiid
Total fuiids
Totsl funds
Note
Jncome C￿￿￿wMcnt5
602.132
1,406,041
677,538
14,OB7
384,066
986,198
1,4116,041
688.¥20
18,230
1,600,918
187,494
569,736
8,841
112¥2
4,143
Invcslnicnl inconie
Tot#1 in¢vJne
2.699,798
399,491
3,099,2119
2,366,989
I xpenditur
Expetidiiun. on raising fund5:
Cos15 of raising
dongtioiis slid l¢gaci
Costs ofoih¢r Irdding
{243.7351
1403.5511
14U3,5511
{372.6581
Expenditure on cliar&lBbl¢
9,10
12,024,765)
12.428,3161
11.095,2761
{3,120,0411
(2.006,8141
I'OIRI expcnditure
11,095,276)
13,523.f921
12,623,207)
Nei 8&in￿lI055C5I on
invesinienl5
12
13.035
13,035
Net txpenditurc ntl
moveme￿t in fund5
271,482
1695.7851
13.035
1411,2fi81
(274,7031
Reton¢iliKtIDll offund5
'rol31 funds broiighl forward
342,567
2.859.773
138,544
3,340,884
3.615.587
Tot*1 furtds £RI'ried forwRI'd
614,049
2,163.988
151,579
2,929,616
3,340,884
Tli¢ slal¢iiieiil orrin&n¢iAI sctivities iiicludes all 8ains and losses recognised iii Ihc year.
All inconie and expBndiknre deriv¢ from coniiniiing activiliES.
Tlie iiole8 on 18 to 39 forjn p￿1.1 oltlJ¢se fiNAntial 51Htemenl5.
14-

11gtli Abbey P#roclii41 c.hurch Count51
Con501id#led SIAlement of r41tha￿clal Positio
31 D¢ceJiJbcr 2023
2023
2022
Note
Intllngibl¢ ass¢ts
18ngible fixcd assets
1nvesili￿llts
17
2,212,723
1$1,$79
2.227,746
138,544
2 J64J03
2,366.291
c￿rrertt assets
Stocks
Dcbiors
CHsh al bank and in hllnd
20A
21
112.399
548,123
777,f66
57,025
304,922
1,188.625
.550,572
1,438,088
Creditory: Amounts fRlling dut iyilliin year
22R
1622,7751
{275,9791
NEt current Assels
815,313
,274.593
3.179,616
3.640,884
Crcditors: Amount5 flllling Ilu¢ ftftor more IhAn on¢ ytllr
23
{210,0001
2,929,616
1300.(X)O)
Nct as$cls
3.340.884
Ilund% of tlic charity
ndowni¢nt funds
ReslTicled fiinds
151,579
2,163,988
614.049
138.544
2,859.773
342.567
TotRI ch*rity fund5
25
2,929,616
3.340.884
Th¢s¢ fiiianri81 siateineiils were &PPToved by the Btstrd ofTivslees and ttuihori%ed for issiie on
aiid ar¢ signed oll behaifof Ilie Board by..
[fr.....W.: lJL4
The Rev¢r¢iid Canon Guy Brid8ewater
Rccloi ofBalh Abbey
Mr R Carver
Treasurer
Tlie TrotC5 on pagcs 18 to 39 form pllrt of ihest fin4nciRI stalctntttts.
Is-

IIRtlI Abhey PIr￿£ lJi&l Church Coiillcil
ChRrily Siatcmeiil of Finllncial P0511ion
31 D¢e¢mbeJ' 2023
2023
2022
Note
Fixed
Iiitangible a55ets
Tangible lix¢J assois
17
2,212,723
151,5110
2,227.746
138,545
19#
2,364,304
2,366,292
Current AysCt5
Debiots
Casli at baiik and in hand
21b
921,576
4SI,582
459,406
1,062,536
1.373,158
.521,942
Cl￿ditOrs.. *tfLounts 14lling dut iyithiij on¢ year
Net current 458Ets
22b
1559,8211
1249,3251
813,337
1,272.617
Total A55Cts less eurrertt liabililios
3,177,641
3.638,909
Creditors: aTI]Dlints falling (lue After morc than o￿t ycar
Net R55Cts
23
1250,0001
1300.(M)O)
3,338,909
2,927,641
151,579
2,163,9811
612,074
138,544
2,859,773
340.592
UniEsiri¢kd f￿lId5
Tvtal cljllrity
25
2,927,641
3,338,909
'rhese financial 51&lenicn15 IV¢￿ approved by the Board of Trustees aull)origed for i55lle on
aiid signed on beliaifofihe Board by..
The Reverend Caiioji Guy Bridgewater
Rector of B811i Abbcy
Mr R CaTVLr
Trasiirer
The nole5 Olt PRgo5 18 to 39 foi'tn part of these finan¢iRI 5tRfemcnl&
16-

Bath Abbty Paroclital C.liurch Ctrvncil
Consttlidaled SIRtement ofcfish fioivs
Y¢pi' endcd 31 De¢ember Z023
2023
2022
CA$h IIDW5 from opeixting a¢liYitie5
Nel cxp#ndiiur¢
(411,2681
1274,7031
AdJiisliiseiJls1or.'
l)cpreci*lTon oft&llEible fixcd Assets
43,056
39,562
3,969
18.485
(8,8411
12,905
Nei IRaiiisFIDsses on invesim¢iil
OiheT iTii¢rLsl rec¢iv8ble and 5itnilHr income
Tnleresl payable ￿ld Similar chllrg¢s
113,03f I
118,2301
31,605
ChÉTNges In..
Stocks
Trade otlierdEbiors
Trad¢ and (>ther ctcditors
155J741
1243.201)
296.796
1,804
295,686
14,5221
Casli generated [1￿M op¢raltons
1369.6f11
85.345
Intere￿ paid
Iiiteresl received
131,60SI
18,230
{12,9051
8,841
Net cash (used injlfrom operating *¢iiviiies
1383,0261
81,281
Cmsh tlows fioDJ inve511￿2 Xctivilies
Purchase ofian8ible assets
(28,0331
125,4451
Net cash used iii investing activities
128,0331
125.4451
iyet 1decrea5cyl￿Cre15e in eAsh Aiid cA$h equiYal¢iJfs
Cash cRsh equiyalcnty Ai begijining of yeAr
Cisli cR51k e411ivAleDls at end of year
1411,0591
1.188,625
55.836
,132.789
777,566
1.188,625
'IlJe notts on pag¢$ 18 J9 furtn parl oftht5c finAntl*l st9toments.
17-

Bath Abl)ey Pxrothial Chureh Council
Year 311)ecembei' 2023
Bx5i5 of prcp&r•lio
Tlic fiiisiicial slalcnienls havc been PTepaTed oli the lii510ri¢al ¢osl bllsis, 85 lliodifi¢d by the revaluation of invesliiieiil as5¢18
iii¢asured dl fair vallle Ilin)118h inconic or expeiidilure and are ptesenled in slcrliiig whicli is Ihc funclional ¢urrciicy of Ihe
¢hoTity llnd rounded to the neHre51 £1.
Tli¢ finaiicial slalemctils havL bccn prepared lo givc a'iriie and fair" view gnd liav¢ d¢p#Fled froTll the Cliai'ili¢% (Accoun15 lind
Rewrtsl IleBulalioiis 2008 unly lo the ekteiil rcqiiirtd ID provide a"Iru¢ 811d fair vi¢iv' Thi5 depDrture 118$ involved rDlloiv￿￿8
Accouiiling aiid RLporling by Lliarili¢s PFL'paring theii. gecouiiis iii a¢cord&iice %Yiih the Fin￿7¢197 Riportiiig
Siaiidard applicllble iii Ilic IIK and I<Lpiiblic of Ireland issiied in Oclobcr 2019 rallier Ilian Ihc Accoiinling Biid Rcponing by
Chdrities.. Slal¢ni¢ttl of Rccommended Pra¢lic£ effcclive fri)m l Api'il 2005 ivliicli has since been withdrgivn.
The consolidated accounts in¢lude Ihe Irading Bclivilics, as8els and li&bililiesofthe subsidiary ￿Mpany.
The significanl a¢coiittiinB policies 8ppli¢d in Ilie prepar&tioTh of Ihcse financial 51&tetnenls &r¢ 5¢t oui b¢low. These PDlicies
have be¢n consisterttly applied kn all years presented iinless olhcr%vis¢ sirtted.
Ju(Egemcnts key ¥Durte5 of estiination wnterlAinly
ie pr¢pdtalioii of Ilie finaiicial slaiemen15 requires niaiiag¢in¢iii io make judgemeiils, c51iniales and assunipliolls that affect
Ihe anitsunts reported. Th￿¢ ¥SlimalesBnd jiid8cincnis are continuglly IEvi¢ived and *rc ba5cd on experienc¢ 8iid olher fa¥lvts.
iiicluding ¢xpe¢l#iions of future eveiits Ihai are believed lo be r¢asoii&ble linder the circumsl8llCCS.
Golthg ¢vnccr
In accordance with FRS 102 and th¢ Chwilies SORP {FRS 1021 Ihe PCC niembBf5 of Bath Abbcy h&ve liRised ivith the
'X¢CUlive DiiEclor and undertaken u revieiyofiiic finaniial viability ofBglh Abb¢y and an asse8sniEnl of ils Bbilily lo Iradr ts
going COn￿rI1, both ¢iirrenily Hnd for Rt least 12 mtsnth5 after Ilie accounts liav¢ b¢en aiidiied. As part of Dur ￿5¢s$ni￿nI lye
hRve tsken into a¢eoiint thE following iiiall¢rs'.
Detlliled incom¢ and expenditure budget for 2024 108elhErwith Hssumpt10115 Iliat 311 behind ihe figures.,
Long Rang¢ budget foT the period 2024-2027
The signific&nt Tesearcli tli818lts behind the assumplions in the 2024 and long-range budgets
Tlic £300k Tertn Lowi f8cilily Ili¥i is Inide available lo Ili¢ Abbey by ihe Bath & We115 DBF
Tlic fixed term BSS aiid elcclriciiy contract5 th81 tli¢ Abb¢y entered inlo in Q4 2023
The known c(>nc¢rtSy graduations and eveiits income sireams in 2024
The tnovemenls in cash balances throughout 2023 and projectsd into 2024 Hnd beyond
'rhe above bud8¢ts, grartisand financial suppori paikugeshaveenahled Ili¢ PCC Iiiembets of Both Abbey lo eoncludethat Bath
Abbey is a going concern and that tlierc are no Tnalerial llncerlainlies relaliiig io its going conceni 51aius.
R¢¢l*$$ificAlion of Jncomt and txpenditui'c
Th¢ neiv income Slrets￿ in the year from visiior #dmissioll fecs, and Ihe rcldtcd expEnditur4 is classified under diarilable
'I'he I￿St¢¢8 constdeted it appropriBte lo rcelassify from trBding 8olivities lo tharilablB aclivities tomrr tours in¢otne llnd
expeiidilure.
18-

Ilalh Abbey Paro¢hig1 Churcli Couth¢il
Actounling Policies fcoNtliiiied)
Yefir ¢ndcd 31 Deeeml>er 2013
riund AL'tounling
The accounts includB all Iransactions. ossets aiid li3bililies for ivhich the PCC is re5poDsible in lsw.
Unreslriclcd funds represenl Ihe fuiids of ilie PCC thai are iiol siibjecl 10 any re51r&cliDns rc8ardinB Ilieir use and ￿ &v&ilablc
for application lo IhL gbii¢r41 pui'poses ofili¢ PCC. Funds desigiiaicd for D ptrii¢ular purpDse by Ilic PCL are a150 unresli'icled.
R¢stricled funds are those nioiiies 8iveii to IhE I)CC for specific purposes and c811 only ￿ appli¢d in Tesp¢¢l of Ihose PUTPOSCS.
Endoivni¢iit fuiid5 repregeni capital donoiions lo ih¢ l)CC And oiily the incoine arising froin tli¢ lunds 1118y be &pplied, Il
¢apilal remaining i019Qt.
lJie(kme
All iiicome is incliideil in Ihc slaleinent of fiiian¢ig1 Ktivities wli¢ii ¢nlitlenicnl ha5 p4ssed to ihe cliarityy il is pmb*bl¢ tliatthe
economic bcnefits associuied iviili tlie Ii'ansaciion ivill floNY to Ihe charity snd Ilic 4inounl can b¢ i¢liably meDsurcd. The
rolloiviiig spe¢ifi¢ policies are applicd io parlicul&r ¢aiegori¢s of incom¢.'
Donotions grlln15
Pl&nned giving is tzcogttised only Nyhen received.
ColleKlions are r¢cognised when receiv¢d by oron bchalf of Ilie PCC.
Grants l¢gaciesgre accoiinted forll5SOOrtasih¢ PCC is noiifiedof il5 leglll enliileineiil, the sniouni ¢an be reliably ni¢a8ured
and it j5 PTobabl¢ that the llmounl will b¢ received.
Tht Heritsge Lottery fiind grant initially Hniounled to £10,725,300 slid ¥va5 recognised Ivhen lh¢ gralll ofter finaliscd snd
PBrmtssion was granted 10 cotni1￿Trce the ivork. This gr}￿1 Was iti¢Yeased by £534.000 gnd w55 Fecogiii5¢d ivhen th¢ increase
Ivas fiiialised in Jaiiuary 2021.'fhc Hcri18ge Lottery FiiiKI ar¢ liolding a rb'lcnlion sum of £281,483 wliich will bc I'elea5ed to
Baili Abbey iipon Loiiiplelioii of Ili¢ Footpi'int ProjEiI, an ¢valuBlioii rcwrt and som¥ olhcr addilion&l iiilormation. 'lkne
Foutprinl Pioject has beEll ¢oiiiplcted, th¥ evall￿tIon report compl¢t¢d ￿ ivell ag Ili¢ additional inforiiialion. We llrc ulvailiiig
return Df ihe rcteiition nioiiies wliich ivere nol rec¢iv¢d as 8131 Dc¢enib¢r 2023 aiid 80 this I'elent￿oN suiii is acc￿ed in Ihes¢
d¢CO￿ntS.
lax recoverable on gift aid don8tions is reeogLised when Ihc donation is ]Eceived.
Inco]nL' from otlicr #ttivilie5
Sales of bouks aiid olhei. item5 sold in ihe shop aTe recognised lll poini of sale.
Fees orising frotn t1￿ use ofthe Abbey llnd ils other properties rtre r¢co8Di5ed whcn th¢ fee is due.
Exptnditllre
ExpEnditure is reco8nised on on accrualE basis liability is li1cu￿d.
Grants glid do[￿110￿$ are acwunled for ivli¢n p8id over, or ivhen 8w&rded, if iliat 8ward cteales a biDdiiig oblig*iion on the
PCL. I'h¢ dioc¢£an parish 9h&r¢ is sccoiiiifrd for wlien payable.
costs are the major ¢xp¢nditure of thc Cliarily Rre apportioned to activities bll5Ed upon the lime sp¢nl on those
aclivill¥S. Tlie iiiajorily ofoiher cos15 can be dircctly alloLal¥d 10 each of Ilie charity's acliviliEs as sei out in note 9. Tli¢ costs
of providiiig c¢iiir&l office 5uppoII sucli as fin￿)¢¢. Hulli￿ RESOllrtes. r¢¢eplion dcsk ar¢ Ire&led S￿¢if1¢#I1Y 95 SUPPDrt tosis
and are del&iled in noie I l.
19-

Batli Abl)ey ParoeliiHI Chtirclj Coumtll
Yoai. 31 DEcenJbcr 2023
Int#ngible ll55Cts
iilangibl¢ a¥¥eis ate initially rccordcd HI cost, and are sub5eqiieiitly slal¢d ai ¢051 le55 Biiy a¢cuniulaied HniDrtisation and
inipaimienl losses. Aiiy iiilaiigiblc aSSEls carried ai r¢valiied fiiiiounls, arc rc¢orded at the fair valu¢ ai Ilic datc of rev8lu81ioii.
us determined by r¢feT¢n¢e io an llctive market, Icss aDy SUbs¢qi￿nl accumulated 8moi*isaiion and 5ubsequ¢nt accuiiitslaled
Atnoi't15Rtion
At]ioftisaiion is calcul&led 50 as ￿ Ivrile otyihe wsi of Un Bssel, 1¢5s ils e8ltniaied residu91 vglue, over the iiselul life of th&t
Iissel as follows..
Websilc dBvclopmenl
Ovcr 3 yexrs 51rdight liije
Irihere is an lildi￿(lon Ih&t Iherc hasbecn o significant ohange in ￿￿or11￿￿tionrat¢, uscful life or residual valuc oran intangible
el, tli¢ amoriisaiitrn is revised prospeeiively lo rfleci thc newestimates.
Txngible s55cts
All fixed asseis CDsling £l.000 or mtrre are capitali￿d and are initially recorded at cosi. They are ￿Viewell for impairtnent
intetva13 no greater tliaii oiicyear.
Work lo maintain Ilie Abbey lincludinE floor repair51 is expcnsed in-year whil%1 iVUFk outside, log¢lli¢r iyiili any expenditure
oil fJxiurc5 arid fillings, is capiialised. Tlie Fooipriiil ptujccl covers botli ivork insidc the AblKy aiid ouiside, so analysis i¥a5
undErtyken lo ￿¢¢￿all7 Iheexpected propJriionsofihe cost of iwrk ittsidcllnd (>ulside, log¢ili¢r iyilh any &550cIDled fees. Work
uiidertakcn by Footprint kns then bc¢n ¢apilalised a¢cordiiiL lo Ih05e proportioti% biii capped by Ilie eX￿￿ed iiiarkci valiie for
the outside property.
Dcpreciatio
Deprecidlion is calculated $0 us to write off the cost OT v&Iu81ion oran Jssei. les$ i15 residugl value, over the useful ewnoniic
life of tliat lls%el as follows..
FIEehold property- 50 yesY%
Fvotprinl Iimje¢l in progresg- nil until coinpleiiu
Fixlure4 fitliii8s aiid eoiiipnieRI- 3 to 5 years iyiih the exception of
Diptych5- nol d¢pr¢cialed
Glockenspiel 20 year$
Sound, 5cieell atid sla¥iiig- 3 to 10 years
)ianos- 50 years
DLpreciuiiun on the Footprint pwjccl expeiidilurc ivill ¢vrninence in Jaiiuary 2024 fvlloiviiig coinplciioii ofthB piojecl. Chairs
IT equipnienl have been purch￿¢￿ as part of Footprint aiid Ilioy ale bEing d¢prcciai¢d vvcr 5 llnd 3 yegrs Tespeclively.
InvtSlmcn15
List¢d Iiivcslnienis ite meawred ai fair value wilh changes in fairvalue beiiig recognised in p]Dfitor loss.
20_

Batl) Abbcy PRI'oehSAI f.hui'clJ C.oun¢il
Atcounling Polici¢s (c&JtÈliJiiedJ
Ytir ¢ndcd 31 Detembtr 2023
Stvclc5
StDLks arc nieasured lll the loiv¢rof¢ost esliniaicd selling price less cogis lo coniplete and scll. after niDkiiig du¢ allowance
for ob501¢lc and s5oiv n]oviiig iienis. Cost iiiclud#s all cosls of pyrchase and olh¢i costs in briiiging tlic sio¢k to ils
pr¢senl localion aiid ¢ondilion.
A finaiicial asset Dr a financial liability is re¢ogIii￿d only when the enliiy b¢comes g party lo the conlrllcluttl provisions of the
Basi¢ fil￿nCial inslrumenls are inTrli8lly Tc¢obJnis¢d 81 tlie fjinoiinl receivable or payabl¢ iiicludiiig Bny relaied ira115aclioTr Eosts,
unless the arraiigemenl con51iiulc5 a fiiiaiiciiig Iransa¢iioii, where il Is recognised 81 Ilie pre5cttI value of Ihe fuliire paymeiils
discounted ai a niarkct Y8te of inlBiesi for a silliilar debi insiriinient.
Curteni 8S5els currenl liabililies llre subsequently DW5UTed fit the c*sh or other considcralion ¢xputed lo bc paid or
re¢eived an(J iiol discouiifrd.
DefLne(l ¢ontributlOD plan$
Tlie climrity operaics iivo defined contribution ￿nSIOn sEhEtnes for employees. The asset5 of the 5Eh¢m¢s ar¢ held sepllraiely
rrorn Iliose ol'ihe charity. Tlic aDiiual conlribiiiions are recoBnised Js ali cxpense Ilie PBTiod iii iyhich IhE rc1&1￿ Service is
provided.
21

B&th Abbey Pxi'ochiRI Church Coiintil
Year tnded 31 l)ecenibei' 2023
Ccnoial informxtion
Tlie charity 1£ a F¢Risl#rcd ch￿.￿lY ID l.iigland and Wllles uiidcr Ihe liam¢ 'The Pa￿￿1￿1 Cljurch Council of the
Ecclesiastiesl Parisli of Abbey ivilli Si j￿]eS, Bath 8iid is unin¢orpor&lEd.
Tlie Mddress of tlic priiicipftl oifice is 9 Kin8Ston Building5, Bath, BAI ILT.
Stgt¢inenl of cvmpliHnee
I'he cliBrity COllsiiiiiie% ll public beiiefil enltly #s dcfined by l.'RS 102. Th¢ financiiil stnlciiienls linye ￿¢11 prepared
Bccordaiic¢ iyiili Accounliii8 aiid R¢pDrting by Cliarilies.. Siai¢ni¢nl of Reconiiiieiid¢d Praciice applicable lo cliai'ilie5
prepariiig IhEir account£ iii accor(lfinie iviih Ilie fiiiaii¢ial RcpDrting %laiidg1'd applicable in Ihe UK and Republic of
Ircland 11.'RS 102) issued iii October 2019. IIIL Finuncinl IleTx)rtiiig 8laiidard applirablc in tlie Uiiiled Kingdom Ènd
Ilepublic of Ireland Ib'tis 1021, Ihe Cliariiits Act 2011, UK Gen¢rally Aecepled Practice.
Don#lions leg2£ies
Unre51ricted
ResiFi¢icd
Totlll F¥nds
2023
CIiiiEi7IJEa
D￿nAtI￿￿S
Visiiors lo the Abbey
PlannEd giv&ng
145.378
244.501
14f,378
244,501
24.972
27,250
26,178
18,677
6.207
7.726
52,122
27,994
18,677
6,207
7.726
Donalions- Inust
Doiialions organ
Donalioiis- Fooiprint
Mission Support PEnlecost appeal
Legacies
Legg¢ies
183,572
183,572
Grant5
Listed Places of Worghip
Calli¢dral Miisic'frusl
4criiage Lottery Fund
1.893
6,545
10.o(x)
281,483
8,438
10,000
281,483
(￿2.[32
384.066
9¥6.198
-22_

IIAtlI Abl)ey Parocliisl Chllr¢h Coyijcil
Notcs ID tlit Fin%n¢ial S¢2tement5 feoiirtNrieil)
YtAr ended 31 Dec£nibei' 2023
DonAILDllS legA£i¢s {roJiilitiiehJ
Unresiricied
Reslritied
Funds
Totlll Fund
2022
PriOr￿ar
DonatiTrns
Visitors lo the Abbey
678.810
189,286
38,051
20.676
3,507
678,310
189,286
38.051
20,676
19.952
280.534
18,640
21,664
Colleclions
Donalioiis- general
Donaliuns- m1151C
Dojiations organ
16.445
280,534
18,640
21,664
Missiort Support P¢nlecosl appEal
L¢g*ei¢s
Legacies
10,033
10,031
Lisl¢d Plgces of Worship
14crilag¢ Loiicry Fund
Oilier g[1￿15
9.662
308.089
4.021
9,662
308,089
5,521
1,500
941,863
659,055
1,600.918
Uiir¢Mricl¢d
Fiinds
Jiesiricted
Funds
Total f4und5
2023
CifireiiiiYaJ'
,138,272
267,769
,138,2n
267.769
Toiv¢r tours
1,406,041
1,406,041
Uiire51ricted
Restricled
Toial Funds
2022
Ircclassified) Ireclassifiedl (recI￿￿1r1edI
Pi'loJ'JEai'
Visitor adniission [¢¢5
'loiveT ttsurs
187.278
216
187,494
187,278
216
187,494
Olher trAding activities
UtJreslri¢l¢d
Keslricled
Funds
Total liunds
2023
Ciiri*rtiye41'
Shvp sale5
Abbey hire Hnd othBT fees
Mclody Makers
435,C)20
236,193
5,725
435,620
247,475
11282
677,538
11.282
688,820
Unrestricted
R¢slricted
Toial Funds
2022
Irccl&ssified) Ireclassifiedl (Teclassifiedl
Piioj'year
Shop salcs
Abbey hiie llnd olher fces
Melody Make15
380,006
178,060
550
380.006
189,180
550
558,616
569,736
23-

Ilatli Abbey l>arochial C.liui'eh Council
Notes to lh¢ finAllI'ial SIHtcnicnt$ (C￿•11111￿erfj
Year cndcd 31 DecombL'r 2023
Unirslri¢l¢d
Resiri¢ied
unds
I'otal fiulltls
2023
Ciiii'enlyeaj.
Other inter¢51 receivable
14,0¥7
4,143
18,230
Unreslricled
Total I'unds
2022
Fiillds
Piioi'year
Other inleresl rec¢ivabl¢
4,721
4.120
8,841
Costs of rAlyirtg doTration5 legAei¢s
Unrestricted
Trunds
Total Funds
2023
Unresirt¢ied
Flind5
rotal Funds
2022
Visitors lo the Abbey
243.735
243,735
Costs of other trlldinE RCtiviti¢s
UnreslriLled
Total Funds
2022
Irecl&£sifi¢dl Ir¢cl&ssifiedl
Unreslricled
Fuiids
Tol%] f4iTnds
2023
270,097
129.993
322
3.139
270,097
129,993
322
3,139
302.3¥5
49,903
12.690
7.680
301385
49,903
12,690
7,680
AbbBy hirc and ollier f￿5
Singing for Scliools
M¢lody M&ketS
403.551
403,551
372,658
371658
24.

BAth Abbcy PAro¢liig1 Cliuiyh Council
Year cnded JI Dc¢¢ml)ei' 2023
I xpendilure ch#i'itablt Aclivilie5 by fund type
Unrestri¢i¢d
Reslricied
Total fiunds
2013
Ciiii'eJ?iyeoJ'
Parisli %harc
Mission Siipport
Vi511vis 10 Ihe Abbey
OperBling costs
Toi4rr lours
Miis1¢ ¢0$1s
Work of ihe Miiiislry
Fabric Mllinlenaiice
ATchi¥¢s
Foolprinl projc
Foolpi'iiil deliycry ph￿¢ fu[￿ed by HLF
Suppon costs
282.000
2t12,000
7,726
327,173
480,456
7,726
327.173
480.456
65,750
201,(148
91.377
119.460
12,447
31,0(A
232,712
6,489
436.Y18
12,447
229,(k81
491,1148
457,541
317,358
229.081
491.848
13,087
444,454
2.024.765
I,OY5,276
3,120,041
Unrcslricled
Funds
{re¢l￿%1f1edI
Total Fkinds
2022
{reclasstfsedl
Restricted
PJ'IOr)￿UI.
Parish SIIDI
Missioii Suptx)rt
Visiiors 10 th¢ Ahbey
Opeiatiiig cosig
Tower ttTrur5
Mlisic coms
Work ofiiic Miiiistry
Fab¥i¢ Maintenante
Archives
Footyrini proj¢cl
Foolprinl dulivcry pliase fiinded by HLF
Siipporl costs
30,000
30.000
21.664
21,664
343,123
53.804
IY2,535
93,997
41,530
15,232
343,123
53.804
212,927
101.914
148,353
15,232
212,187
437,195
430,415
30.392
7.917
106,823
212,187
437,195
13,087
417,328
1.177,549
829.265
2,(K)6,814
10. Cixpendilure clkaritable ftclivilies by Rctiyity type
Total fuiid
2022
Ireclassifiedl
Charitable
giving
Work of Ilie
Abbey
Total funds
Support costs
2023
Pbrish Sha
Missivn Support
Visiloi's lo Ilie Abbey
Opcralins costs
I"oiver tvurs
Music costs
Work of Ilie Minisiry
bri¢ Maiiilenaiice
Archives
Footprint proj¢ct
Foolprint delivery pbase
riilld¢d by Hl.F
Governance costs
282.000
282,000
7,726
327.173
922.397
30,000
21.664
7,726
327.173
480,456
65,750
232,712
96,489
436,818
12,447
229,081
441.941
758.03¥
53,804
212,927
232,712
96,489
436,818
12,447
229,081
148,353
15.232
212.187
491,848
491,8411
15,6(
437.195
15,500
15.6(M)
7.726
2,654,774
457,541
3,120,041
2,006.814

IIRtlt Abl)£y Pgro¢hixl Chiircli Cou￿¢11
N(bte% lo the liinaiieial SIAlementy (Coijlilliied)
'e&r 31 Dvccnibcr 2023
AnRIy515 of Supporl eo$i$
'I'otHI 2023
Total 2022
Sillff costs
rin8nce ¢OS15
Governance costs
270,91S
31,605
248.527
12.905
15.500
27,426
35,676
63.756
26,625
26,429
23,744
55,472
33,776
Legal aiid profbssional
Office runningexpens¢s
Oihcrcosls
457.f41
430,415
12. Not gaiDsll1055tsl inYcstm¢nts
EndDivment
Funds
Total Fund$
2023
Endoisgiient
Total flind5
2022
Uttreslised gal[￿{1055¢$I on investnKnl asseis
13.035
13,O3S
118,41151
IJ. Nel expenditure
Nel expeiidiwre is slAied after chgrging..
2023
2022
Amortisation of uilaiigible assets
Depreciation of Illi￿lb1e fIxed assets
3,969
39,562
21.973
43,056
23,848
14. Allditoi% remyntrAIiu
2023
2022
Fee5 payabl¢ for Ihe audit of the financial Slalemenls
9,450
<J,000
F¢es pllyllble lo tlie cligrity's auditorand 115 associate% for other services..
3,500
1,400
.761
T￿all017 Lomplittiice seiwices
Taxaiion advisory seryic¢s
840
3.990
6,661
26-

Jlatli Abbcy P*rochi¥l f.hllrch Coiintil
Nolt5 to th¢ fiinRTreifil Sialement5 (cyrJdJ*tierti
Ytar ¢JJded JI Dc¢trmb¢r 2023
15. SIAttcosts
The lolal Sta￿ cosis ano cniployee bertefilg for the reporting period sre 8iialysed a8 lolJow5=
2023
2022
Wgge% 5Rliric3
Social s¢curity costs
Eniplvycr conli'ibutions 10 pension plans
oiheremploye¢ betiefils
1,020,626
74,169
969.650
75.815
24,366
4.423
2,858
I,I2O,163
1,074,254
lrt¢li¢cled in Ihe above siaff costs gr¢ c051S Df £14,16412022- £18,12711'¢l&liTrg 10 ILt¢rued holid8ys b¢iiig c8rried over 10
rulure years.
There arc around 30 hourly paid employees ivliose Ivorking lioiirs are so varied thai an average full iiine equivalcnl
calculaiion ivould not be &pproprial¢ or usefiil. In respxl o1.5ucli etnployees, total lioU￿ worked ivere 15. 608 split
as follows..
WelcomeTea
Toiver Tours
8,986
3,940
2,135
310
200
37
Shop
Op¥t*lioiis
Music
L¢arning
In 2022 these employees ivorkcd lolal hours of 14,320. Th¢ 9% increase in hours i5 due 10 paid staff now ¢uvering rTrl¢s
wliich were previoiisly covered by vol&ni¢¢fs l¢.g. eiitry lo th¢ Di%covery CenlT¢I
The avBrAge hcadcount of employees during tbe year 59 (2022- 591 wliicli incliides tlie pool of 30 ￿r0-hOUr sla
mentioned &bDVE. The 8v¢r&ge No of full-lime eqiiivRleni employees duTlrtg the year, shown by dcp91tment, i5 analysed
gs follows..
Z(123
2022
0￿rationS
O￿lCe and adminislralion
Worship
Footprinl
28.8
28.0
The numb¢r of employees whosc reniuneralioii for the year fell within the folloiving band5, IveiE'.
2023
2022
£70,000 10 £79.999
Key Manxgtment Porsonnel
llie PCC coiisiders th81 ilic"Abbey LeDdership Teain" coniprises Ihc key manaEcnicnl p¢rsonnel of the Abbcy and Ihlll
tliey ￿[e in Charge of riinning aiid operllling the Abbey on a day 10 day bllsis. Th¢ Abbey tKadership Teaiii Ineets
foitnighily and ¢oii$isls of.. 1.lie Rcclor, Al)bey Mission¢r. The Abbey l)aslor, both Church W2rdeii4 th¢ Dir¢cior of
Musifj the Execuiive Director, Fa¢ilili¢s Manager. Head of Visitor Ex￿rIe17¢¢ 8nd Ile&d of finat>c¢.
The 10181 remuii¢r81ion of Key Management P¢rsoJiiicl ivBs £238,75612022.. £318,044).
16. Tr￿stee remuner*lSon and cxpen3c$
No iemiiiieralion or reinibursem¢iil of¢xpenses {2022 iiil} IIBS beeii made lo the Members of Ilie PCC in Iheireapacsty
a5 M¢iiibei5.
-27-

Bgth Abbey Parochi￿1 Cliwr¢h C(FviiciI
Note5 fo tht l-,inatt¢i*l SIRtemenl$ (cg11liiiii
Year ¢nded 31 DeceJ*bei' 2023
17. Inlangiblt aS$Et5
Tlie Ljroiip tlJ£ charity
Illeb51te
dcvclopniont
Cost
Af I .J8nu#iy 2023 And 31 Dce¢mbei' 2023
AmDrlk5Xtion
At I JHnuAiy 2023 31 Decon)ber2023
c.arrying XTnounl
At 31 December 2023
11.908
11,907
Al 31 D¢¢¢mber 2022
18. Tingible fixed aA8et5
The group and the eharity
rreehold
propBty and
le8sehold
additions
Footyrint
project in Sotsnd. screens
progivss
aiid %1￿1n8
PianD
Total
CDSt
At l j￿ll 2023
Additions
233.491
2,026,409
306,780
1,783
167,106
26,250
70.4fv1
2,8O4,2f
28,033
Ai 31 Dc£ 2023
233,491
2,026,409
308,563
193.356
70,464
2,832,283
DepreiiatiTr
Al l Jan 2023
Chary¢ for the yexr
At 31 Dec 2023
87.486
6.214
44.403
16.624
27¥,287
10,655
139.988
26.340
.372
576.504
43.0.$6
93,700
61.027
288.942
148.179
27,712
619,560
C*rrying
At 31 Dee 2023
139,791
1,965,382
19,621
45.177
42,752
2,212,723
Ai 31 D¢c 2022
146.005
1,982,006
28,493
27,118
44,124
2,227,746
19a.
Tllo growp thc charity
Li$tcd
itsve$tfflrnts
st or vlluxtion
Ai l Jllnuary 2023
Fllir valu¢ movemcnis
138,544
J3,035
Al 31 Dtcc]nbcr 2023
151,$79
Implirmtnt
Al l J*nulliy 2023 31 Dt¢rrnber2023
Carrying amoujbt
At 31 D¢¢¢mbei' 2023
151,579
At 31 December 2022
138,544
All iiivcsinients showii above are held at vBlJaiion.
Unquotcd inv¢51menl
In addition lo the iiivcsl#ien15, Ihe charity held one £1 ordinary share in ils Ivholly oivn¢d subsidiRry conipany, al
a Cost or£i.
28-

Ilfilh Ahbcy Paiy)thi#l clluj￿h CounL'iI
NDtcs to the FinaTh£ifil Stalcm¢nts (¢OlJliyiMed)
YCAI. 31 Dccetnbti. 2023
19b. SubsidiRry wnd¢rl8kiitg
'he tharity oivns Ilie whole of tlie issued sliarc capital of Bath Abbey Liiniled, a company r¢8islered in Eiigland. Its
priiicipal aElivily Is Ilie Oper￿lI0n ofthc sliop &t Ilgth Abbcy Ihe ownisatiott of concerts tnd other events al th¢
Abbey and a suinmary of ils results ￿n￿ balance sheet is provid¥(I b¢loiv.'
Year ende
31 Dcc 2023
Year ended
31 Dec 2022
Profjt and los$ account
Tui'iiov¢r
Cosi ofsales
556,620
1199,0611
495.834
1231,2091
Gr055 profil
357,559
264.625
Adtllini51raiive ¢xpenses
1131,0321
1124.4651
Operating profil
226,527
140.160
Distribution 10 Bath Abbey PCC
1226,5271
{140.160}
Result for lh¢ financilll year
BAla￿e0 %lieet
472,247
147n,2711
1189.7381
Relained surplus
1,976
1,976
29-

Il%tlJ Abbey Paroclii#l Chui'th Council
Notos to tlie f4sn#nciRI SIAtomonl$ (coiiiiitiitt41
YeRr endcd 31 De¢enibL'I' 2023
20a. Stocks
'l-he ¥iYkup
2023
2022
FiniS￿d goods and goods for]¢sale
112,399
57,025
20b. SIDck5
2023
2022
rinished 8oods and goods forTe5al¢
21a. Debtors
I'he gioup
2023
2022
Tr&de debtors
Prepaynicnis Rnd llccrued iiicoine
Gift Aid Tecovei'able
HLf graTrls receivable
other d¢biut5
23,647
199,296
3,701
281,483
39,996
13.323
32.281
16,485
201,OB4
41.749
548,123
304,922
21b. D¢btoi$
I'he cliRJ'ity
2023
2022
Trade deblots
Atnount5 Qiycd by groiip undertgkings
Pi'epayiiicnis and llrcriied incoin¢
Gitl Aid Fe(x>verable
HLF grants receivable
Other dcbtors
11,287
146.159
32.281
16.485
201.084
52.110
407,316
178,914
3,701
281,483
39,997
921,576
459,406
22a. Lirdiloi$'. thJ]JDuRIs tAlling Ivill)lJb OllL' year
The Lvri)up
2023
2022
Tr#d¢ crediiors
Accruals aiid d¢ferr¢d iii¢ottie
Socia15¢¢urity aTid oihertBxes
W3ge% coiiirol aicvunl
Loan fro￿ Diocese of Baili and Wells
OiheT crcdilors
127,973
361,968
49,072
4,814
50,000
28,948
118,269
24.283
4.635
12.685
622,775
275.979
22b. c1￿￿11￿J5'. Amounts falling wilhin one yc*r
Th¢ ehnrity
2023
2022
Trllde ¢redilors
Accru#ls aiid d¢ferred income
Su¢ial seciiiity oth¢r iJxes
Wages coiitrol accouiii
Loaii fron? Diocese ofBaih and Wells
Other Crcdiiors
118,014
348,38()
31.978
4,814
50,000
9,626
106.823
IlJl.089
24,283
4.635
12.495
559,821
249.325
-30-

Ilath Abhcy PAroehiAI Chiii'cli Council
Not¢y to Ihc JiinHnciRI Staleme]Ets (coiillijiiert)
Y¢Rr endtd 31 Decoinbci. 2023
23. C.I'¢dilors: a￿Vill)IS fAlling due 4ller more thAll one year
'I'he groutk thc cli#i'ily
2023
2022
an from Diocese of Bath and Wells
250,000
300.000
The £300k loan ¢apilal suni fro]n the T)iocese of Bath and Wells is repayabl¢ iii equ&l instalinenls over 4 years from
2024. 1.he *liiOUDI of the loan repayable by inslalniciils over 5 ye4r8 from tlie balancc 5h¢et dllte is £31,250.
Interesl is cliarged ai 4% ov¢r base and is repgy&ble oniiually on each artnive¥sary d81e.
24. Pensions and other p05t retiremettl bejjcfits
I'he amount recogThixed in expenditurE as an ¢XPBnse in relalioD to defirt¢d contribution plans was £22,510 12022..
£24.366).
25. AnAIy5is of eharitAblc (unds
U￿resti.1Cte￿l fuThd$
Tlie LTI'oup
At
31 Dec 2023
At l Jon 2023
Expendiiiire
Trgnsfers
Ctsriyni )￿￿1.
Geiienl fun
Footpiinl
developinent fund
t£ga¢i¢s fuiid
teg&cies ]Ecetvabk
fund
Sabbatical fund
Missiun Support
257,688
2.534,670
12,428.3161
364,042
64.919
13,480
1.783
66,702
13,480
130.000
130,ODO
3,481
3.480
3.000
3,000
Abb¢y Choir
Devclopnient
33,345
33,345
342,567
2,699,798
(2,428.3161
614,1149
Al
31 Dec 2022
Al l Jsn 2022
Income
ExpenditUTe
TiansfcTS
Pi'ltsj. Jyar
360,407
1,695,221
{1.793.942)
257,688
Foolprinl
deY¢lopiii¢nt f￿nd
LEg&¢ies fuiid
l.egacies re¢eivable
rund
SBbbaii¢al fuiid
Mission sUp￿rt
63,662
13,480
1,257
64,919
13,480
3,480
3,480
3.1K)O
3.(M)o
Abbey Clioir
DEvelopmLnl
12)
444.031
1,692.478
11.793,9421
342,567
31

Bath Abbey l)arotliiNI Churcli Council
Note5 to th¢ FinxnriAI.%tatetlltMls (cowrtiititrf)
Ye*r 31 Do¢embci' 2023
25. AJk*lys15 of chxritablo f￿n￿¥ {coJtÈliriied)
Unresli'tcled fund5
At
31 Dcc 2023
At l Jan 2023
Iiiwni¢
EX￿ndit￿re
Tknsfets
General fii#d5
Footprint
developnicni fund
1È8HLiLs fund
LcgaLig5 receiv&ble
fund
L¢ga¢i¢s fund
mi￿10￿ Siipwrt
IFavel
Abbey Choir
development
255,713
2.204.577
12,098,223)
362,067
64.919
13,480
1,783
60,702
13,480
130,000
130,000
3,480
3,480
3.000
3,000
33,345
33,345
340,592
2,369.705
12.098,223)
612,074
At
Trnn5fers 31 De¢ 2022
At l Jail 2022
Expenditur¢
Prioi'yeai.
G¢iiLral fund5
roolprinl
dev¢lopinciii fund
L¢ga¢ies fiind
Legacies receivabl¢
fund
.egacies fuiid
Mission Support
358,432
,335,547
11,438.2681
255.713
63,662
13,480
1.257
64.919
13.480
3.480
3,480
3,000
Abbey Choir
devclopnieni
3,000
121
442.056
,336,B04
11.438.268)
340,592
The Fotstpriiit Project is Bath Abbey's Inajor dev¢lopmenl programnic ivhicli aiJn5 to meet the Ivorshipping ii¢eds or
Baili Abb¢y's ¢uiniiiiiiiity in Iliis age and lor yeBrs lo coiii< and 10 develop the facilities to 5UPPOrt aTid cnhdnce IhB
Abbey's service lo t1￿ city.
The Footprint dev¢lopmenl fund {forni¢rly the AbbBy Churcli Hoiise building and dcvclopmenl fuiidl is the money
received froIn Ihe sale of tlic AbbEy Cliurch Flou%e l¢ase and these funds ar¢ ijow beillg iised loivaTds the cost of th¢
roolprinidevelopiii¢nl progr&Tnme.
The Leg8¢ies fund beEii sel up for legllcy inconic where thE trustees wish io specifically idenlify $ub5equent
'rhe legacies re￿1vablE fund114s ken sei lip to record l¢gacieswhich have iiol bccn Te¢eived but which nicet Ihc criteria
for iiiclu5ion in tlic accounts. Any diffetence behv¢¢ii Ihc esiitnDle of the atnouni olthe legacy aiid ilic legacy Teceived
can b¢ rtyudily idelltified.
'I'he SabbAli¢al futtd is nionie5 s¢1 aside its providc for ¢l¢rgy sabboticttl exp¢nscs.
Tli¢ Mission Siipport Iravcl fiiiid is nionies set a%id¢ by ihE Mission Support Comtnittee tg conlribult towards ihe travel
The Abixy Choirdevelopmeiit fuiid ists legacy of £33.345 received in October2023 fron] the late Dr Derek Gibson who
vas an ex chorislei.. H¢ lias dondted tl)e legacy lo Bath Abbey PCC and his desire is (hal tli¢se iiionies are lo be used io
siipport Ilie Abb¢y and i(lelllly develop Ilie AbbEy choir.
32-

Blth Abbey ParocliiHI Churcb cou￿£11
Nolcs to Ilbe flin￿ncl￿1 Statcmenl$ IcgNtlJttieil)
YeAr 31 Decrmber 2023
Resti-icled funds
I'hc Eruiip tlit clLarity
Al
31 Dec 2023
Ai l Jan 2023
Incom¢
Fxpenditure
Iransfers
CiiJ'iYJjr￿uj.
R¢vtllue
includiiig s￿claI
Coll¢clioJis closrd
Musi¢ fund
Recloi'5 DestrL￿1IOIiary
27,899
19,993
32.726
51,603
112,8381
{31,0641
47,787
40,532
860
2G,012
265,419
Fabric mainten￿nCe fiind
Orgaft fiind
rabric projeLlS le￿¢Y
rund
Naiional Arcliive fund
Footprint HLF revenue
2,250
18.677
128.2621
{284.0961
5,000
3,450
15,0001
3,4SO
240,446
204,183
281,483
12,752
1521.9291
1182.376)
Foulprini r¢v¢nu¢ fund
CapilAI lund8
rooipriiil FILf a5sel
34,559
116.6241
1,154,J37
811,046
39,199
811,046
40.569
Piaiio fiind {Hssci}
Fabric projects capiial
{1.3701
5,165
10.000
19371
4,228
10,000
Diptychs fiind lass¢ll
HLrilage EmBrgency
riind lassetl
Ciiliiiie Recover Fund
for Herilage lllsseil
4,056
19581
3,098
24.714
19,822)
14,892
2.859,773
399.491
{1,095,2761
2,163,988
-33-

BAtlJ Abbey Parochifil Cljui'rh Council
Notc5 to the FinAiJrial StRtemtllt$ (coiJllNtterf)
Ycar cnded 31 DL'cembei. 2023
25. Anfilysi$ of ehai'itablc [￿ndS (coiiilNiied)
At
Transfers 31 Dec 2022
At l Jan 2022
Tnrome
Expetditur¢
Piioryeai.
Ilcvenuc fuJtd5
%mall r¢51riLicd fund5
inLluding Spcci81
CollELlions closed
Music fuiid
Reclorfs DescretiunBry
fund
Trabric Ivailll¢iian(
fund
or￿an fund
abiic projects l¢ga¢y
lund
Nglional Ar¢hivc fiind
Footprint IILF
revenue fulld
Foolprini rL'venue fund
CNpilxl fllnd5
routprint IILF as8¢1
fllnd
Foolprini ass¥1 fund
Pi&no fund I￿S￿et)
Fabric projects Capital
35,816
53,701
21,664
31,685
129.581)
130.393)
27,899
19.993
135,0001
860
82,721
156,7091
26,012
265.419
280.533
35,000
5,000
3,450
5,000
3,450
356,566
383,830
308.089
32.540
1421.0901
240.446
204,183
1,183,946
Sl 1.046
41,939
{16,1041
¥11,046
40,569
11.3701
6.102
10.OOD
19371
5,165
10,000
Heritage Emei'geiicy
5,014
19581
4,056
CullurL' Ilccover Fund
for Hcrilage1sssel1
34.536
{9.822)
24,714
3.014.527
674,511
IX29,265}
2,159,773
'ikne Special ￿lleCtiOns wid v&riou5 51n811 reslricled fiinds ¢i)nsis15 of sinaller restricted donation5.
The Music fund is Inoiiies r¢ccived spe¢ificRlly toW￿r￿S funding the costs of the Music dep£rtment.
The R¢ciols Dis¢Teiioiiary fund is lo be spent o5515ting rnembErs of tli¢ Abbey Comniiirtlly experien¢in8 timcs or
hardsliip.
Tlie TrabTiC Inaiiit¢iianc¢ fund ig money re￿IVed froin Bath Abbey TIu51 specificglly to mcel the ¢OSls of Fabric
In&intcnan¢e of Ilaili Abbey.
Tbe OrEaD fund is Inonies received SPEcificBlly for lh¢ costs of Ihe organ Tefutbishnient.
The Fabiic projects legacy fuiid is a legacy specifJc&lly re¢¢iv¢d towards Abb¢y niainlenDnce projects.
The Ng1101181 Arcliive fuiid is fundillg for a resesrcli projeci iisthng newspaper 8rcliivcs to provid¢ volunteer IrBiniiigJ
web sit¢. and eyaludltun.
The footprint IILr rund is th¢ balance of grants received on an invoice basis pliis fi]ture grants payabl¢ as re¢o8nised
nder th¢ SORP.
The Footprint fund is moDi¢s received $pecific&lly to fi]iid the Footprint development prografftn￿.
'Ihe Piano fund aiid the FAbriG projects capilal fuiid are boih Tnonies Ttceived which have beeL utilised to puirlia5¢
speoific capital asscl$.
The Diptyclis iver¢ purchased using donated fiinds ivliere tli¢ donors pla(*d tesITiGlions on tlieirdisposal.
Naliotial Loiicry Ili'riittge Eiiiergency fiiitd an(1 Ilie Cultute Recovery fuiid for 14¢rilage i¥ere graiils aivarded to Bath
Abbey 2020.'1'lie knlaiices r¢iiiaining these flliids repitseiil capiial ass¢ls pur¢h&seil by tlie granl Inoiit¢s.
-34-

IIHtlI Abbey P*i'o¢hial Chujyh CDuntil
Note5 ltr Ihe fin¥nciRI Stalemcnt$ (cg1iliiitsÉd)
Ytttr onded 31 DeL'¢ml)oi' 2023
25. Analyhil fjf ¢h2rilAble fund5 (covliyiiiért)
r. dnivmcnl fiirtils
The Ilic chRI'tty
At
31 Dec 2023
At l Jgn 2023
TDcome
Expcjidilure
Ciiii*nly¢ar
138.544
13,035
151,579
At I JAn 2022
Incon
Expciiditure
IA)s5es 31 Dec 2022
PiiorJEai'
Miisic
157,029
{18,4851
138.544
26a. AD4ly$i.% of not assets belwctn fund5
The group
Unreslricl¢d
Funds
Keslricied
Funds
Endowtnenl
Fund
Tot81
2023
ciii'rei?lj￿llr
Taiigiblc fix¢d ￿Sets
175,923
2,036,¥00
2,212,723
1.81,579
815J13
1250,OOQI
2.929,616
151,579
Nel ¢uriEiiI assets
Crediiors greal¢r ihan l year
688.125
1250,0001
127.188
Ntl *55et$
614,049
2.163,988
Unrestricted
Funds
Resli'icted
Full(15
Endoiynienl
unds
Total Funds
2022
PiioryEai'
Inlangible ass¢ls
Tangiblc fixed llsse
Invcsimcnls
Nel CillTeiit &sscis
Creditors greal¢r Ilian l year
201.804
2,025.942
2,227,746
138,544
1,274.593
1300,0001
138,544
440.762
1300,0001
833.831
Nct a55Ets
342,567
2,859,773
138,544
3.340,884
35-

Batli Abbcy I)Ri￿c1)ll] Clithrth Couneil
Notos to Ihc financiRI Slalenjenls (cuitliiJllEdJ
l'ear endcd 31 Decembtr 2023
26b. Analyyly of ntl Rsscls betwc¢n fund5 (conlijytied)
Tht ¢haiity
Unreslricied
Reslri¢led
Bndoivmellt
2023
CiiJi'enlJYoJ'
Intangible as5cts
Tangible fixed asse15
175,923
2,036,80D
2,212,723
151,5¥0
813.337
IZ50.ODQ)
151.579
Nel currciil assels
Creditors greater Ihlln l y¢ar
Nct assets
686.149
1250,000)
127.188
612.074
2,163,988
151,579
2,927,641
Unresiricied
Funds
Reslri¢t¢d
Funds
EndON￿lent
Total Funds
2022
Piioi'yei71'
Inlangiblc assets
T8ngible rtxcd 8gse15
Inv¢llmenis
Nei ciirrenl a￿e1$
Creditors 8r¢aier than l ye4r
Ntl *ssCts
161,237
2.066.509
2,227,746
138,545
.272,617
1300,0001
138.544
479.353
1300,0001
793,264
340.592
2,859,773
138,544
3.338.909
27. Analysis of changes tn nel debt
TIIL. givup
Al l Jgn 2023
Cllsh flow5
At 31 Dec 2023
Cash ttt bBnk and in hand
1,188,625
(411,05YI
777,566
28. Opor¥limE leR5e conimilnJeNI$
The ¥ioup aDd tli¢ Lliarily
Tli¢ ioial future Iniiiimum lease payrnenls und¢r nonrfaneellable 0￿rating leases llTe Hs follows..
2Q23
2022
Not later Ihan l year
T.aier Ilian l year aiid noi lalw th￿ 5 years
Later thali 5 years
24,473
153,146
66,000
21,973
147.640
70.000
243,619
239.613
29. Conlinktll¢lC5 Rnd commitmeM15
As ai 31 Deceiiibcr 2023, accrued in¢oin¢ of £281.483 relgling lo a graiii fTOlli HLF for ihe FoDlprint proie¢l has beert
]Ecogniscd iii the ae¢ounls. Under the lertns of the graiil. this inconK tnusl be spent the Footprillt project.
Al Ilie yedr end Ilie Abb¢y had paid a deposti for LilutEical Fumitur¢ ivliich is being d¢signed und will be Inadc and
delivered in 2024. Tlie lollll coiitracr valiie i5 £102,006 lioivever the final conlracl valuc may chaiige as the degigns
develop. The bal*iiceof Ihe contrncl valuc 15 payllhle iii 2024 iii Sthge pHyJiienls. The friends of Baili Abbcy have agreed
36-

Balh Abbey P*roclJi&l f.liuiYh Ctruntil
Ntslts lo Ilje FiiiRllciAI Stmttments (copiliyitie￿)
Yoar endE(131 T)t¢embor 2023
30. RelnieJ partjC5
Jcremy Key-Pit8h and Andrew BTa8B are Tru51ees ofTlie Friends of Bath Abb¢y. Diirirtg 2023 (bnaliotts of£5,411
12022 noii¢) were made by'lkn¢ Fri¢iids of Bfiili Abbey 10 B*ili Abbey.
Dr James Playfair is a dii'eclor ofll charily callcd R¢acliing The Uftreached. During 2023 doiiaiion5 of£2,713 (2022
none) iyere niade by R¥d¢liing Tlie lJnreachEd 10 Balli Abbey.
FrBiik Mowal iscliuirofa cliDrity calleLI Bulh & Norlli Somcrsel Carers Centre. During2023 ther¢ were no fina#¢ial
Iransaolion5 between Llaih Abb¢y and Daih & North r.asi Cgr¢.
Calh Cftndish's spous¢ Johii 15 a Tnislee ora charity called Hope Into Aclioii. Foxliill. Diiring 2023 Balh Abbey h&d no
Julia UiidEr%Yood's spous¢ Ilokrt is 01￿¢r of Mcti%ineiial Advi50ry Ltd and lier SI￿ Tobias is oivner of Con¢o¢lion
Theali'e. Duriiig 2023 Baih Abbey h3d no dealings Ivilh Ih¢s¢ orgsnislltlOllS.
Phil Biir8e is Treasurerofihe BRilI G¢ologi¢al Society. During2023 Ilaih Abbey hlld nD d¢aling5 Iviih Ihi5of8Etrisation.
Pamcla Fox is ChllirofTriuinpli overpliobia a UK nienlal health chaTity. During 2023 Batli Abbey had no dealing% ivith
this ch8rsty.
Evelyn Ixe-B&rbpr is R diteeior ofc¢lb Ltd Sc¢und Half Ltd. During 2023 Baili Abbey no dealings wtlh ih¢se
-37-

Ball) Abb¢y P%i'ochiRI Churclj Coun¢ll
Nole$ to thc fiinatyeixl Stalcments (edlitiNii￿)
YcAr ¢nde(13A Detetnber2023
Missioij Sui)poi'l PH)'menls s4tmm*ry 2023
Ukr&iM¢
Monies rai%¢d Iliroiigh vi511Dr and
coiigrc8aiion donation5 011 the Ab￿Y ftoor
Ihmiigli the sale of lapcl ribbons.
Individu*ls- Mi55ion Links PHI'lners xbroRd
Granis 10 eiidble iiiis£toii i¥ork in Sri LRnka
1.500
3,051
Missioii Siipport P&rtner'. Wycliffe Biblc Translations
Supporting.
Lilera¢y projccrs and bible translation ivork
ijs Canieroon llnd Togo> giving peopl¢
1.082
Mission Support Parln¢r.' Genesis
834
Work aEMoiig Ilie most vulnerahle in Bthlli.
caring in ¢ri5is llnd providing supporied
polhways lo indep¢nd¢nc¢
Mission SUp￿rt PBrtner.' Arocha
522
Advocacy? Dwgreness raisiiig, IcaEhing
resDiirces foi. Bd(tr¢5siiig trnipacls of clinyate
changc, advocating for inore.8uslainibl¢
Missiojj Support P&rtner'. Reachi1i8 Tli¢ Unrea¢h¢d
37
A projeLI iii S India providing honic5,
healihcaie aiid schooling fur orp118114
preparitig Iliem for work llnd working iyith
Mission SuppDiI Pllrlner.. Ripple £ffe¢i
910
Iraining of farmers in Zanibia lo iniprove
yields and beiier ¢are lor the lllnd,
advo¢aling and Iraiiiing ivomen in farming
and biisine54 reduciiig exclusion
Advocacy work, aiVaTeiie55 fBisiiigtr
resourcing organisations lo addtess the
imp&cls of moderii slavery
To iniprove saIiiidiion in developiiig
Missioii Supwrt PBrlnei': ljnseen UK
l.(X)8
Mission SiippDrt Partner.. loilel T%¥inrtlll8
282
4,675
Totxl CharitAbl¢ givtng
7,720
TotRI Mission Links CApe￿￿lture
lunds de$iLknAted (ur u5t ill futlli'¢ yt*
Bail) & Wells DBF re Jaiiibia- P¢iiietus1 AppBal
Isr4iEI mission- Pciiie¢osl App¢al
7.726
12,550
3.849
Anglicans in our linkcd dioceses
our mission in Ihv l-loly Land
16J99
16.399
AiJAly$is ofdunxiiDll5
IA)¢al
834
1,008
7.726
38-

IIRtlJ Abbey I'ai'ochifil Cliui'eli Council
Note5 to the Fin#ncial Statement5 (coiiliiiiigd)
Y¢Ar 31 Dere]nbL'I' 2023
Mission kSiippDI'I pAym¢DI.s summary 2022
Charitable Eiying
Ukraine
11.748
Monics raiscd Ilirougli vi$ilOF ali
ngTegalioii doiiations on ihe Abbey noor
and Ilirough the salL ofiap¢l ribbons.
Individuals- Nliysion Links l>arlne15 ably>*
GraTllS lo ¢iiable Inissioii iyvrk in Sri Lank
3.063
14311
Supporting.
Lileiacy projecis and bible translaiioii ivork
in C8iiieroon and To¥0, giving peopl¢
mi￿10￿ SuppDrt PaTther.' Wycliffe Bible'frnnslalions
2,371
Mission Siipwrt Parther.. Genesis
1,550
Wot4( 8niong the mosi vuliier&ble IN Bath,
pirth%Yays lo independence
Mission Suppori Partner.. Aro¢ha
68
Advocacy, awgriiess raising, Tracliing
resources for fiddre%sing impAclS ofclimate
cliange, gdvocating for morc £iislainable
lifestyles
A pruj¢¢i iii S India providing homc%,
liealiiicare and s¢liooling foi. orphans,
pr¢paring Iheni forwoyk al￿ working with
Mission Suprrf)rt P8rfner.' Reaching The Unreached
2,676
Missiort Support Partner.. Ripple Effect
63
Training of fdrmcrs in 7ambill ID improve
yield.4 aiid beiier carc for Ibe land,
gdvocaiiiig #lid Iraiiiiiig wornen i# fattiiing
Hnd biisiness, Tcdiicing excliision
Advo¢aey ivork, &iVUTeiiess raising.
resoiircing org#nisaiions to llddress the
ijiipgcls ofmodem slav¢ry
As above
Missson Suppuri Parlncr.. Unseert UK
75
Mission Supwrt Partii¢r'. Aroch
50
Total Ch&ritablE glving
21,664
Totgl Mission Link5 txpellditurc
Zl.664
lund.s de%iEllated for use in fului'e yeArs
Elatli & Wells DBF w Zainbia- I'enlecosi Appeal
Isra¢l Jnissioii Penlecosi App¢al
12.550
An8li¢an5 in our linked dioces¢s
Our llllssion in ihe Iloly Land
16,399
16
Analy515 of donations
Local
Nlllional
Intemalion
75
21,604
39-

11olh Abbey I'aro¢liiAI ChMr¢h C￿￿￿￿]1
Mfinagement Informatton
I'eAr ended 31 Dtcember2023
The following pAgos do fttiiii PRrl of Ihc fil)￿lie191 stattm¢ntS.
40-

Bath Abbey Paroelital C]i￿rch Council
DelAileJ SIAlomonl of fiiDRncilll Activities
Yo81. ended 31 Dc¢i'mb¢r 2013
2022
2023
Income L'ndowmeiils
DoiLRtions Ic8X¢i¢S
Visilors In the Abbey
Plann¢d giving
Colleclions
14S,378
244,501
678,810
189,286
38,051
20,676
19,952
280,534
IX.640
21,664
10,033
9.662
52,222
27,994
111,677
6,207
7,726
183,572
8,438
10.000
281,483
DonDliuiis organ
Missioii Supporl Penlecosl appeal
LegBcies
I,i5ted Places of Worship
Cathedral Mii%i¢ I'rusl
14erilage Loiiery Fund
Oth¢r grants
308,089
986,198
1.600.918
VisiloT Rdiiiission fees
Tower tOUTS
1,138.2n
267,769
187.494
1,406.041
187.494
Olhtr trAding Activities
Shop sal¢%
Abbey hire and olhcr fees
Melody Makers
435,6ZII
247,475
5,725
380,006
189,180
550
688,820
569.736
InYc5tmettt incoln
Oilier inlerc51 rerEivable
18,23
8,841
Totgl income
3.099,289
2,366.989
41

IIAlh Abbcy I'aroelJiAI Church Countil
l)¢lAiled Sl*lemtnl of Tr'inanciAI A¢livili¢$ {colliiiiuerf)
YeHr ended 31 Dceombtr 2023
2022
2023
.xp¢n¢lilure
Cos15 of rai5inE donAtions Ic8acic5
Wages aiid £alari¢s
Bank cliary¢8 and irttCT¢sI
Oilier cus15
(191,8861
{12,5561
{3(),2931
1243,735)
Costs of thlhor Iradlrt¥ *clivitie
Pui'ch85es
WaKes and sllIBr￿es
Other costs
1180,695)
1167,527)
155,3291
1403,551}
1207,3091
{51,430)
(372,658)
Expenditure on cliRrit8ble activities
13.120,0411
12.00&814)
I'otgj CYpe￿￿11U
13,523J921
12,623,207)
Net gains1ll￿Ssc$) invc5tJnenls
Ilnreali.£ed 8aiiislllossesl on investment 855ets
13,03S
(18,485}
Nel ¢¥p¢￿￿1tUre
1411,2681
1274,7031
42-

B*th Abbcy Pthroehlal Cljureh (.'ouncil
Notes lo tlie Dctasltd StAtemcnl uf Frn*ncial Activilie5
Yt#r eDded 31 Dcccmbti. 2023
2022
{recI￿S1rjedI
2023
Cos15 of rAÉ5ing donAtions and IcgRrie5
Visitoi'.s to the Abbey
Wages and salaries
Baiik cliarg#y and int¢irst
OihEr ¢o%l%
1191.8861
112.556)
{39,2931
1243,7351
C051s of r&i5ing donfiti0￿s legllciey
1243.735)
Costs of otlier Irading 8ctivilie5
Shop
PiiT¢has¢s
WBges aiid salaries
Oiher costs
1180,695)
175,7301
113,6721
1207,309)
{76,3101
118.7661
(270,Q971
{302.3851
Abhey liirc other fees
Wllges und s&laries
Olli¢r costs
188,5451
141,4481
121.8951
128.0081
1129,993}
149,9031
Sirtging foj. Schoo15
Wllges thnd salaries
13221
112.6901
Melody Maktrs
Wages llnd salaries
other cos15
12,9301
121b91
13.024)
14,6561
(3.1391
17,6801
Costs of tsiher ti'RdiDg activitie5
1403,5511
1372,658)
43-

BAlh Abbey PAi*clii#l Churcli Council
Note5 to thc Dotail¢d SIAletncnt of fiinancial Activitios <coirfiiiii¥d)
Yoar ende¢l 31 Dcccniber 2ft23
2022
2023
Irec1&5sifiedl
Lxpendilur¢ chAI'itxble aetivitit5
Parish SliarB
1282,0001
{30,0001
Missioii Suppori
Mi5%ion Siippvrt
Visttors lo the Abbey
Wag¢5 and sularies
Oilier costs
13ank clillrges and itileTesi
17,7261
{21,6641
1247,3.581
140,5391
139,2761
1327,173)
Oporaling eosi$
Wages und 5oIDrie5
I￿gi1[ance
other establishment ¢osts
1166,2941
145,4431
1268,7191
1163,7921
144,5601
1480,4f 61
1343,1231
Siipporl
Wugc5 aiid %alari¢s
Oiliei. slarrcosis
Legal & profcs5ionol
otfiic cxpenses
DepJECiatioJi
Ilank ¢liarg¢s ￿ld interest
Other support costs
1270,7541
1200.4931
{48,0341
135.676)
163.756}
127.426}
123,7441
15f,4721
126,4291
131,6051
133,7761
126.6251
(414,9151
{441,9411
To)I'ci' tours
Wage4 and salaries
Olliercosls
1550(V)I
19,9411
148.9271
14,8771
{65,7501
153,8041
Mti$i¢ tosts
Wagcs aiid s&l4ri¢5
Other mu£1¢ costs
1158,4571
174,2551
194.7221
1232,7121
{212.9271
IVorl( of the MiTristry
WagL5 and 5alarie%
Missioii wid Evangelism
Clergy
149,7211
14,3n61
110,5671
19681
119,2751
162,7381
WoTship and pastoral care
Communications
13.5991
15,9631
196,489)
44-

IIAtI) Abhcy Paroeliial Chuj'eli Council
Note5 10 tlhe Deixiled Sl*tcment of finxneial Attlvilics (cviJrliille(l)
YeHr 31 D¢eemb¢r 2023
2023
2022
r8bric MAintenanee
1148,1931
12811,6251
(148,3531
Or￿￿17 refiirbislimeni
1436,8J81
1148.3531
ArclJiYo5
Wages and %alaries
Pi'ofcs5ional fets
oilier Drcliivc costs
IIIM221
16251
112,4471
115.2321
Faolpriiit project
Wftges and salaries
oo1pTinl other costs
Fundraising costs
110,6641
1218,4171
129.8921
1229,0811
1212.187)
Fobtprint delivery pljaie fwn¢led l)y IILF
Wllges and salaries
DepreciRtion
Delivcry expenditure
131.4561
116.6241
1443,7681
1131.6401
(289,4511
(437,1951
1491,11481
CovtrThArttt tosts
Qovcriilliice costs- accountoncy fee5
Goverii&Dc¢ costs- audit fe¢s
{3.0001
112,6001
115,600)
{3.0001
112,5001
(15,5001
13,120,INII
12,006,X14)
-45-