CHARITY REGISTIL4TION NUMBER.. 1134081
Bath Abbey Parochlal Church Council
Financial Statements
31 December 21125

BAth Abbey P*roehial Churth Courttil
FlnAnclal Statements
Ye*r ended 31 December 2025
Page
TTUStees' annual Tep(irt
Independent audiloTS' report to the tnembet
Consolidaied Stsiemeni orrinanLial activities
13
Consolidated SiateTnent of finanLial position
14
Siaicmcnt ol finaneial position
15
Consolidaicd Staicmcni of cash flows
16
Accounting policies
17
Notcs to the financial sraicmcnts
20

Btsth Abbey P*rochial Churth Courttil
Trustees, Annual Report
Ye*r ended 31 Deeember 2025
REFERENCE AND ADMINISTIL4TIVE DETAILS
Reglstered tharlN' name
The P&rochi&l Chureh CourtLil of the ELclegiastical Parish of Bath Abbey with Si James, Bath
Operating name
Bath Abbcy PCC
Charlty reglstratlon number 1134081
Prlnclpal ofllce The Abbey orrices
9 Kingslun Building
Bath BAI ILT
AudiioTS Bishop Fleming Audit Lid Bankers Naiwesi
10 Teniple BdLk
24-25 Stall Stieei
Bristol
Bath BAI IQF
BSI 6FL
SolicitOTS
Clarke Willmoii LLP
l Gcorgcs Souarc, Bath Street
Brisiol, BSI 6BA
Stone Kittg LLP
Uppcr Borough Couri
Uppcr Borough Walls
BaihBAI IRG
THE TRUSTEES
The followTrng served as trustee5 of the charity during the year:_
Committee membership
Thc Rcvcrcnd Guy Bridgcwatcr
IRLYtor & Chairnianl
Retired S¢pi¢mb¢r 2025
(Acting Rector & Chaimianl
Appointed Octobcr 2025
Ex officio mcmbcr of all committccs
The Reverend Chanta] Mason
Ex ofticio member of all committees
Thc Rcvcrcnd Evclyn Lc¢-Barbcr
The Reverend Nigel Rawlinson
Ex otrjcio mcmber of all commiiiccs
Resigned 29 May 2026 due to Ex otlicio member of all commiiiees
moi'ing roles
(Abbey Mission¢r}
(Vice C.hairl
Ichurchw'ardenl
IChurchw'ard¢nl
The Reverend Betsy Blatchley
Mr J Key-Pugh
Mr A Bragg
Mr D Babb
Dr J Playfair
Mr J Easaw
Mrs D Cardy
Mrs P Shuttleworth
Ms F. Shi¢lds-P¢tt
Mr R Carver
Dr P Collecott
Mr P Blackmore
Mrs J Sktll¢tt
Mr T Sheppard
Mrs J Undenvood
Mrs R t)ay
Mr P Burge
Mr D Comley
Mrs C Barne5
Mr J Tl3rn¢s
Ms S W¢bsper
Mr T Westbrook
Sranding. Buildings
Standing. Building, Finance
Personnel, Deanery. Standing, Finance
Building
Deanery Synod
Deanery Synod
Deanery SynoiL Building
Deanery Synod
Srandiiig. Finance
Finance
(Treasurer)
Buildings
Personnel
Finance
R¢sign¢d 28 May 2025
Co opted 20 NoV￿ber 2025
Parish Sateguarding Offficer
Secretary
Mrs C Tlragg
Electoral Roll officer
Mrs C Bragg
Executive Director
Mr F Mowal

Btsth Abbey P*rochial Churth Courttil
Trustees, Annual Report (Copntinued)
Year eTLded 31 Deeember 2025
The members of The Parochial Church Council of the Ecclesigstical Parish of Bath Abky with St James, Bath Ith¢ 'PCC"I
present their report and the financial statements of the charity Ithe"Abbey"I tor the year ended 31 December 2025.
The firtartcial siaiemenis Lomply wilh Ihe Abbey's goveming doLutneni Iihe Parochial Church Councils (Powers) Measure
1956 as amended and ihechurch Represeniaiion Rules 20201 and Ihe Charities Act 2011 and hai'e been prepared in acLordance
with..
thc accouniing policics sct out in ihc notcs io ihc aecounts.,
the re4uif¥Tnents of Chuteh ALLounling Regulaiiuns120061,"
the Statetnent of Recoinrnended PTaCtice oil Accounting aiid Reporting by Charities {SORPI applicable to PaTochial
ChiirLh Councils within the CliutLh uf England.
the FinanLial Repurting Siandatd appliLable in the UKond Republic uf Ireland published on 16 July 2014 IFRS 1021",
and
the ChaTities (Accounts ReFNIrt51 Re¥ulatiot15 2015
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution of the PCC
The PCC is a cotPOTate body e8tablished by the Churcli of Eii¥land aiid operates under the Parocliial ChuTch Council {Powersl
M¢asur¢ 1956 as &nitnd¢d and the Chuwh RepTtsentation Rules 2020. The PCC was r¢gist¢Ted with tlie Charity Coininission
with effect frorn 4th February 2010.
Appointment, induction and training of trustee5 of the PCC
ThL mcmbcrs olihc PCC arc clccicd In accordancc ￿'Ith Ihc Church Represeniaiion Rulcs 2020 at Ihc Annual Parochial Church
Mcciing, M,hich is gcncrally hcld at the cnd of Ma!, and arc thc chariiy Irustws of thc Abbcy in accordan￿ wilh scciion 177
ot'th¢Chatitics Act 2011. Occasionally m¢miKYs ot'thc PCC may bc co-optcd foraJKviod ot'oncycar. Mcmbcrs ot'thcclcrgy
and Churchwardcns arc ¢x￿￿]e10 mL)nbLrs of ihc PCC.
Help and farniliarisaiiun is available 10 tnembers of the PCC thTOLigh disLus￿l0n5 with the Rector and ChurLhwaTdens aboLlt the
role and respottsibiliiies ora PCC membeT. ltt &ddilion, Ihe Treasurer proNides traitting itt undersiartdirtg PCC acLounis where
necessary.
Organlsatlon of the PCC
The PCC generally Tneet8 Inoiiihly except during Augu4t and Decetllber. Meinbet% of the PCC aTe U￿UallY involved in two
'Away Days, each year ivhen PaTislI Strategy is dis¢uss¢d.
All of ihL mL)nbcrs of ihc PCC givc Ihcir iimc frccly and no mL)nbcr rcecived rmuncraiion as a rcsult in ihc ycar.
In OTder 10 dischOTge Ils dulles, the PCC appoinis a number of eommiiiees which meei on a regular basis. The curretti PCC
commiiiees are." Standing, Finance, Ministry and Mission Support, Buildings & Fabrie and Personnel.
Tlie PCC also employ% 4taff to CaTry DUI variou4 functions. The PCC takes thi% oppDrtunitytD thank the einployee￿ of the Abbey
foT the fine inanner in ￿'hich tliey perforni IheiT dutie% throu¥hout the year in siipport of tlie Abbey's aim to witne%s to the
ChTlStian faith and alw'ays tu pruvide a warrn and welcurning environrnenl at the Abbey.
Delegation of dav-tts-day Responsibilities
The PCC considers that Ihe"Abbey Leadership Team" comprises the key managemeni personnel of Ihe Abbey and Ihai Ihey
aTe in cliaige of running and operating the Abbey on a day-to-day b&si8. Tlie Abbey Leadership Teani ineet4 fortnightly and
con%i81% of The RectOT, The Abbey Mi%%ionei. Tlie Abbey l)a%loT, botli ChurchwaTden%. the Directoi" of Mu%ic, tlie Execiitive
DirectQT, Facilities Manager IpTeviDU.￿lY tlie Operations Maiiag¢TI, Hud of Visitor Exp¢rien¢¢ and Hud of Finan¢¢.
Related Parties- Associated Charities
Thcrc arc four associaicd charitics, namcly..
Baih Abbcy Chariiics Ircg. no. 2419021 whosc objcci is ihc rclicf of hardship and distrcss to residcnis of Baih, boih
indiNidually and gcncrally.,
Chariiy for thc Upkccp and MainiLnancc ol thc Abbcy Ccmctcry Ircg. tto. 2436841, which is responsiblc for Ihc
maintcnancc of Baih Abbcy Ccmcicry.,
Fnends o(Baih Abbey (Teg. no. 2050821 whose object is io assist Ihe PCC 10 care (OT. adorn and preserve for posieriiy
the fabric of Ihe Abbey building and lis goods and omamenis., and
Bath Abbey MLISIL Suciely Ireg. no. 11231181 whoseubjeLI I￿ 10 promote n)usie irt Bath Abbey by pro￿ldIng financial
support (or the choirs and oiher musical aeiiviiies and equipment.
Tlieir activities dTe not incliided in these financial stdteTnentS.
The PCC has a wholly owTr¢d lrnding subsidiary. Bath Abbey Lirnited Icompany numb¢T 078156961 and its activities are
included in these financial stat¢in¢nts.

Btsth Abbey P*rochial Churth Courttil
Trustees, Annual Report (Copntinued)
Year eTLded 31 Deeember 2025
OBJECTIVES AND ACTIVITIES OF THE PCC
The PCC co-operates wilh the Rector in promoting in the Parish thewhole rnission of the c.hurch- pastoral, evangelistic, social
and ecumenical. The PCC sees the Abbey's mission as ivitnessing st¢adfastly to the Christian taith and proclaiming the gospel
through prny¢r and preaching. through service to tlie comrnunity ot Bath and to visitors lo the C'.ity, tlirough service to those in
Dttd beyond the Liry of Flath and through careful st•vardship of the Abbey'5 heritage of ¢xc¢ll¢nc¢ in its worship and in its
fabric. The Abbey also conlributts io the spiritual and musical educaiion ot'young people in the local area by ini'iting ihem to
take parl in the Easter Exp¢ri¢nc¢ and through ils choirs. The PCC has consid¢r¢d and had r¢gardto the Charity Commission's
guidance on public b¢n¢fil.
Voluniccrs play a vital rolu in the lifL of the Abbcy. Throughout Ihc wcck voluntCLrs wcleomL visitors and congrcgations, scrvc
in the shop, OTrange floweTS, assist with seTViLes, WOTk with Lhildren yOLing adiilis and ring the Abbey bells. Volunteers
also help 10 courti. record and safely siore Ihe cash received Ihrough the colleciion boxLS each week. MOTC than 260 people are
inl'olvcd in Ihc Abbcy as aciivL volunicus and wc would Iikc 10 takc Ihis OPPOnuniiy to Ihank thcm for Ihcir valuablc
contribution.
SAFEGUARDING
The PLC has complied with th¢ duty under section 5 of th¢ Safeguarding and Clergy Discipline Measure 2016 to haw¢ Tegard
to House of Bishops. (iuidanc¢ on ￿fegu￿Tdlng children and vulnerable adults.
ACHIEVEMENTS AND PERFORMANCE OF THE PCC
Baih Abbcy is first and forcmost a living church- a plaec of worship for our congregaiion and visttors whcrc Ihcy can comc
and aiiend a seTvice, Iisien 10 beautiful choral music and where Ihey Can leam aboiil Ihe good news of Jesus. The Abbey also
simuliane4)usly serves several other roles including..
A focal point foi. civic ¢v¢nts sucli as Mayor Making and Rtm¢mbT&nc¢ S¢rvic¢s
A visitor attraction and culwral heritage treasure enjoyed by hundreds of thousands of visitors each year
A plac¢ where people from th¢ city of14atli and beyond can gather for events such as exliibitions, concerts. talks and
graduation c¢r¢moni¢s
An oasis foT PTivat¢ prayer and stillness in the ¢entr¢ of a bustling ciry
Over r¢c¢nt memory th¢ Abbey has had io cop¢ wilh operating through th¢ Footprint Project construction pha5e16 y¢arsl',
through the global pandemic and then, following Ilie pandemic. operating tlirough the cost-of-living crisis. rising energy costs
and fast ri.4ing wage Cost4 (National Iiisuraii¢t and Natioiial Living Wagel- 11 h&$ been a hard to pr¢dicl aiid financially ditTicult
P¢Tiod, and this still i¢rnain.4 the case as we enter 2026.
In S¢ptemb¢T 2025, the R¢vd Guy Bridg¢wat¢r and his wife Jeb5 retired after 7 Yea￿ service at the Abbey.
In October 2025 Revd Chantal Ma8on, Abbey P&%tDT wa% appointed Acting RectOT and we started the recn]itinenl PTocess foT
our n¢w Abbey Rector. W¢ hope to have a new R¢ctQT installed by August 2026.
W¢ ar¢ pl¢as¢d and PToud lo report the following a¢lii¢v¢in¢nls during 2025
Over 6,000 peuple attended our Cliristmas Shoppers CaToI
820/0 of our 4taff coinpleled our 2025 staff engagenient Su￿eY. We will LE WOTking thr()ugh the action plan in 2026.
We launched our new"What's-On" brocliute
In July we 3ppoinl¢d our new Abbey Mission¢r- R¢i'd Betsy Blatchl¢y
W¢ began our Meinorials repair and conservation programme
We compl¢t¢d the fundraising tor a new St Alph¢ge Stained tilass Window
46 school and college visiis tor 1,533 swdents between the age ot'3 and 18, including Easter Experience lup from 40
visits in 20241
17 community aciiwiiics for groups including Ihc Carers ccntrc, Involving 446 participanis.
13 family Cvcnts wcrc hcld, including Lilllc Abbcy Explorcrs, for 1,170 participanis
A iempordry exhibition of fashion designs inspired by Ihe Abbey and creaied by Bath College students in the Souih
Transcpt

Btsth Abbey P*rochial Churth Courttil
Trustees, Annual Report (conlinued)
Ye*r ended 31 Deeember 2025
ACHIEVEMENTS AIYD PERFORMANCE OF THE PCC tontlnued
We welcomed S￿ year 6 pupils from Baih Archdca￿nry to their Diocesan Moving Up services
We hosied the swnlling Pcacc Doves Exhibiiion and held special events, seri'ices and concerts under the 'doves',
whilst also hosting the 'Collal¢ral Damage Door., a poignant art installation by Robert Marshall featuring a bomb
damaged front door from a home in Ukraine. Th¢s¢ installations marked the season of Remembrance 2025 in a
powerful ￿'aY
Int¥Ynaiional and local visitors cnjoycd our cxiraordinary array of 'Austcns at ih¢Abbcy' cvcnis and iniiiatii'cs. And
750 visitors joined us for a very special Sung Eucharist in costume.
PCC Plans for Future Periods
In 2020, the Revd Giiy Bridgewaier. Ihe Abbey's Rector unveiled the Vision and Mission Aciion Plan for Ihe Abbey for Ihe
PLYiod 2020-2026. Thc Mission Action Plan sci oui Ihc annual focus for Ihc Abbcy ovcr Ihc 6 ycar pcriod, in linc wilh pursuing
its i'ision. During 2025 ihc focus for Ihc Abbcy was"Tcaching" This involvcd thc following initiaiivcs..
Continuing to panner wilh Baih Wclcomcs Rcfugccs to h¢lp thcm dclil'cr wcckly English Icssons at Ihc Abbcy and
to hclp thcm form a small communiiy.
Delivering Ihe Easier Experienee to schools aLross the BANES area, especially Ihe under-sern'ed schools.
Deliveting LTrUT Aiistens dt the Abbey prugramrne of events
Deliveting OUT Peace Doves pwgramme of eNents
Irt 2026 our focus is Transrorniaiion. This year we are giving special aiieniion io".
Our Abbey teaehing.. Across ihc lifc olihu Abbcy wc arc rcfle£iing on issucs of Justicc and pcacc. t)uring Lcnt we
will begin a neiv Sunday sernion series which will be baged on the verse Micah 6..8 which focuses on Jusiiee, Mercy
and lii'ing out Humility. 'Whai dots ihe Lord require ot. vou,. To act jusil! and to lovc mcrcy and 10 walk
huinblN' ￿1th your God'- Iii addition. our tveiiiiig Leni coiirse ￿.111 be d15cussiiig tlieniesofjusticeihrough the creative
and topical work of the London Institht¢ ot'coniemporary Christianity in weekly online discussion t0￿M5, including
such iopics as.. 'Shaping Culiurc'.'The Common Good., and'Ewwday Eanh Kccping,.
Elcctoral Roll a]Jd avcragc weekly attcndancc
The nuniber of P¢Tsons on the el¢ctorg1 roll as at 31 D¢c¢mb¢r 2025 was 346, coinpared with 461 at the end of th¢ previous
year. Tlit drop in electoral Tole numbers in 2025 w&s due lo a ¢ornpl¢te Tenewal of tli¢ ¢l¢¢toral roll data, which always results
in a large drop. The averag¢ weekly attendances at services, including visitors, during the year M'as 1,05712024- 8481.

Btsth Abbey P*rochial Churth Courttil
Trustees, Annual Report (Copntinued)
Year eTLded 31 Deeember 2025
FINANCIAL REVIEW
In th¢ ytaT ended 31 D¢¢etnbeT 2C)25, Batli Abbey Icombintd PCC and Lid Company) incurrd a n¢1 tradiiig d¢ficil of £2k
after iliCUTring a depreciation charg¢ Df £23.3k. This trading deficit excludes Tt.4trict¢d incoine and ¢xpeiiditt]r¢, and Ilie
ignificant donation received ftotn a local generou£ philanthropi4t couple. If one includes Ihe%e iteni8, the Abbey PToduced an
overall net sutplus of £1.7niillion.
Our trading p¢rtorrnance was disappointing as w¢ had budgeted lo generate a net surplus of £137k. The main reason w'hy w¢
failed to acliieN¢ our budget was that our visitor numbers declina on the previous year, which we attribute to the ijnpact of the
cost-of.living crisis. Tht fall in Abbey visitor numbers was similar to that ¢xperienc¢d in other visitor attrgctions in Bath a5
We are pleased to report Ihe following achievemenis in 2025..
We repaid OUT Diocegart Loan a year early.
W¢ fully paid our B¢n¢fi¢¢ SII&T¢1£310 2kl.
Wc rcccivcd a significant donation from a local gcncrous philanthropisi couple.
Towel Tours (Citossl Incoine reached a Tecord level £281.2k
Abbey hire and Other Fees reached a record £277. Ik
We raised sufficient funds {with the help of The Friends of Bath Abbey} to fund the design and installation of a new
stained-¥las5 winduw, w'hiLh will be dediLaled Iv Si Alphege.
We successfully introduced new systetlls and processes including t)ojo, Digitickets and DP Solutions which are
saving us lime and money.
The Abbey land in fairness most organisationsl has been operaiing in a difficuli eeonomic enl'ironmeni for Ihe lasi 5 years {Ihe
pandcmic ycars 012020-2022 havL then bccn folloivcd by thL Ukrainc ivar and Ihc rcsulting cosi-of-living crisis 2022-curr¢nt
year, as wcll as signifjcant incrcascs in Naiional Living Wagc and National Insuranccl. Whcn prcparing our budgci for 2026,
wc havc cautiously ￿sUm¢￿ a coniinuing dcclinc in visiior numbcrs, and a risc in Naiional Living Wagc cosis. Hoivcvcr wc
have still been able 10 forecasi a small surplus for 2026.
We would like to lak¢ this opportunity to thank our amazing teatn of Volunte¢￿ lincluding our chaplains. chur¢hward¢ns and
PCC rnembet£l, staff alld clergy for IheiT continued sUp￿rt and comrnitmelll thToughout 2025 and beyond. Thank Youl
Pay Policy
Tlie Abbey 1% COTnniitted to paying all ￿taff at least the National Livillg Wage. In recent years we have 4een the Natiollal Living
Wa¥e rise frotn £9.50 per houT (Aptil 2022110 £12.21 per houT IApTiI 20251, a 280/0 increase over 3 years.
Staft'pay is also regularly reviewed land benchmarked against pay in other similar organisalionsl by the Abbey's Personnel
Commiiiee.
In April 2025 all Abbey reLeii'ed d pay award of between 20/D 6.70/0 Wlth those staff who weTe on 01 close lo National
LiTring WA¥e reLeiNin¥ the hi¥hest incteages.

Btsth Abbey P*rochial Churth Courttil
Trustees, Annual Report (Copntinued)
Year eTLded 31 Deeember 2025
Fixed Assets
The current i'alue ot'the Abbey's freehold properties is believed to be considerably in excess of the bwk value of £2.131,897.,
the PLC does not consider that a revaluation is necessary at present but is keeping the situation under regular review.
Reserves Policy
Bath Abbey requires Reserves to carry out its mission, together with the upkeep ot its buildings. In accordance w'ith Charity
commission guidance. Reserves are calculated as unrestricted fvnd5, adju5t¢d for both fixed assets and t1105e tunds designated
for esseiilial futur¢ spending.
The required level of Reserves is d¢t¢nnined with reference to 14ath Abbey's 2026 budget, a longer-lerm budg¢i and Bath
Abky's risk r¢gist¢r.
Bath Abbey'8 ReseThie% Policy require4 Ilath Abbey to hold £ufficient Re8erve8 foT working capital Tequiretnent£, the perceived
risk to Bath Abb¢y's income and unfor¢s¢¢n costs whicli rnight arise. Risks gssociated ￿'Ith any decr¢as¢ in inl¢rnatioiial travel
will liave iliCTu4¢d following th¢ ouibr¢ak of war in the Middle East.
Using thi8 calculation, Bath Ab￿y'.4 tnininiuTn level of ReseTves .4hould be £1,192k, which repie%eiits circa 5 tnonths of
plaiintd unrestrictd ¢xp¢nditur¢. Re8¢pJ¢s would not be ¢xp¢ct¢d to ¢x¢e¢d a l¢v¢l of 9 months of planned unr¢strict¢d
¢xpenditUTe.
As at 3181 Deceinbei 2025, Batli Abbey held £603k of Re8erves, which equates to 2.6 tn0ntl1￿ of planned Un[e￿tTIcled
¢xp¢nditUT¢. The significant donatioii refe￿ed to within th¢ Fiiiancial Revi¢w lias bten the 4ole Tnwn for th¢ increase frotn
2a24's level of 0.9 nionths. Without tlial doiialion, Baili Abb¢y would haTr¢.4hown & L23k.4urylus (Total Pundsl QT a L2k d¢ficit
IUiite£tricled Fund.41.
Th¢ bulk l£1.3inl of that donation has b¢¢n d¢signat¢d as a contribution to the r¢rn¢dial works T¢Y]UiTed by the quinquennial
Teview of the fabric of Bath Abbey.
Rese￿e5 teinain £589k below the level that is consideTed as a tninimuTn.
Bath Abbey has a longei-teTtn budget which envisage£ 8UTpluse8 over the 5 yeaTS 2026 to 2030. Achieveinenl of that budget
should enable Bath Abbey to build ReseTves to a level of 5 nionths of Pl￿ned unre8lricted expenditUTe.
The p(155ible benefit fTUtn [eg￿lIeS in the Lurning years will be irnpurtant to Bath Abbey fulfilling its miggiun, alungside the
Tetnedial work Tequired as a Tesult of the quinqueniiial Teview.
Ithvestmertt Poliey
Biiih Abbey dues not hold gignifiLant long-iertn funds. Cash balanLes 1£2,305kl should be Lovered by the FCSC deposit
uarantee %cheine or, if in exce%% of £120k, &hoiild be deposited with an iii%titulion which hold8 a credit Tating of al least single
A or equivalent. Cash balances wIIiLh ale not ieciuired fur day-lo-day opeTatioii should be plaLed in interest beJTiiig JLLuiints'.
The orte lortg-iemi endowment which Bath Abbey has held {£148k) has rtow been Teclagsified from Ertdowtnenl 10 Resiricied
nd the investtnent has been reali5ed. AccoTdin¥lyy Bath Abbey now has zero exposuTe to Equity Risk or associated ethical
Tisks.
The Head of Finance mottiiors ihe cash position and cash flow projeciiollg and reports 10 Ihe Finance Commiiiee ai each
Tneetiiig.
Art artrtual review of compliance with Bath Abbey's Investment Policy is presertied to the PCC for the assurdrtce of the ITUStees.

Btsth Abbey P*rochial Churth Courttil
Trustees, Annual Report (Copntinued)
Year eTLded 31 Deeember 2025
Principal Risks Uncertainties
Thc PCC has rcvicwcd Ihc risks facing Ihc Abbcy and ils trading company and considers thc mosi signifjcant 10 bc thosc showi
below, iogeiher wilh Ihe aciiotts iakert 10 miiigaie Ihem. As ai 31 DecembeT 2025 the Principal Risks that Ihe Abbey faced are
shown below".
isk
litigations
lie Abbeii remains below its Illinirnurn r¢s¢rv¢s figure and has been struggling to grow
s¢Thi¢s as small op¢i7lional losses h&wt b¢¢n incurr¢d in recent years. That ￿ld, in 2025
e liave 8een iTllpTDiiement8. We receiTred a significant donation and our finaiicial
erforrnance inipToTred on the previous year. We al%0 fully repaid early our loaii from
he Dioc¢4¢ and w¢ await receipt of a liDu4e ￿le legary lexp¢ct¢d in 20271. In 2025 w¢
l%0 foTtned a iiew Bu4ine8s Developnient Tearn w'hose purpo8e is to identify and
mpletnent additional incunie St￿￿[￿5 I cost savin¥ initiatives. In 2026 we bud¥etin¥
tnLTrdes1 uperalivnal siirplus.
Pe171ioiial Losses and
nsuffici¢nl ReseTves
Safeguarding breach l incident
new Pari81i safegllai.ding Officer wa£ appoinl¢d in 2025 and 1% making a significant
n£itive irnproveineiil. 8ignage aiid CC-I-V ha£ also increased More IiTne is being 8pent
y th¢ Abbey Leadership Team and the PCC.. discussing ￿fegu3Tdi￿g and increasing
nowled e1awaTene.￿8.
¢ continue lo experience probltnis with tli¢ functionality of th¢ energy blades. A new
et hai'e been design&1 with specialist help ivhich we teel will address the issues
erienced so far. We are lookin
to install in Ma
2026.
'c llo￿, hav¢ a well cstablishcd Youth & family millisicr ￿,hO is actii'ely growing a
&F Lommuniiy within Ihc AbbLy. Wc also had a ncw Abbcy Missioncr stari at ihc
bbcy in July 2025. Morc timc and rcsourcc is bcing focuscd on attraciing and
cTrclo
In
outh and tamil
rou
e ate aLlively ILTroking Iu IllCTeage uur unresiTicied reser%'es oveT the next few ye&TS 50
hai Ihey exceed £1 tn whiLh would help lis 10 cope wilh a major event.
c have increased CCTV colerage across the Abbey and arc iniroducing miiigaiions via
ur Mariyn's Law planning. Thcsc includc..
Annual circulaiion of Run Hidc Tcll and HOT proiocol.
Introducing random bag checking
Tncr¢ased training
We haiie introduced Signage Te large in the Abbey
TeTtotist AltaLk Tisk assesstnenls
Tabel To
exercises wilh ALT, Visiior Serviees
n¢rgy Blade Huting System
g¢ing congregation, declillillg in
umbcrs
us5ibilily of anuiher tnajoi event
cg pandLmic, Icrrorisi aiiaek,
ajor disasicrl

Btsth Abbey P*rochial Churth Courttil
Trustees, Annual Report (Copntinued)
Year eTLded 31 Deeember 2025
FuDdraising
Since March 2023 th¢ Abbey has charged an Adrnission Fe¢ which in 2025 stood at £8.00 per adult. That said, w¢ r¢rnain free
to enter if you ar¢ a local r¢sid¢nt, vi4iting to corn¢ in and PT&y or attending a s¢rvic¢.
W¢ continu¢ to accept donations in rnsh and via card acquiring machines in th¢ Abbey and from S¢Tvice collections.
Throughout October each y￿T our Sermons focu% upon %tewaTd8hip, encouragillg people lo think about how they can use theiT
tirne. lal¢nt5 and money lo support the Abbey's Mission Action Plan. Around 54'/o of the m¢rnb¢rs of tli¢ congregation
participate 111 QUT Planned Giving sch¢mt and in 2025 w'¢ r¢ceiv¢d L253k for which w¢ are very grateful. We Trf¢iwd Itss via
Planned Cill'ing than tht previou8 year Iwliicli 14 a SiTnilar Irtnd to Dther churches in Ilie Church nf England) and we attribute
tlii% decline to the co%t-of-liviiig crisi% and ho￿. Iliis has adveTsely iinpacled ino£t people in the UK and beyond.
The Abbey ¢rnploys an exp¢rienc¢d part-tirn¢ Fundraising & Bu8iness Developrn¢nt Manag¢T tQ Taise funds and when
Tequited. During 2025 our Fundrai.4ing and Busine££ Developineiit nianager rai8ed £150k for the de4igii, Tnanufactt]re aiid
in%lallalion of a new Stained-CJl&%% Willdo￿. that we wi%h to in%tall in Ilie Abbey wliich will be dedicated to Si Alphege. We
would like to lake this opportunity lo tliank Th¢ Friend4 of Bath Abbey forth¢ir g¢n¢rous wntribution towards this fuiidraising
initiative.
Additionally, duriiig 2025, we received a very large donation fTom a local p1iilanth￿pl%I couple. Theym'ould like their donation
to help fund the i'ariuiis projeLts that we have planned oveT the next 10 years, inLluding the replaLeinenl uf our lead ruofs. We
'Duld like to take thi8 opportunity to tliank thi£ couple foT their geneTo8ity aiid 8upport.
The Abbey takes all complaint5 5eTiously and in 2025 we received no cornplaints about our fundraisin¥ activitie5.
STATEMENT OF RESPONSIBILITIES OF THE TRU8TEE8
The rnernbers of the PCC, as the Lharily ITUSlees, ttre responsible for PTeparin¥ the Pec's TTUStees' Annuttl Report the
finanLial slalernenls in aLLOTdanee with appliLable law and reguldiions and United Kingdom Accounting SidiidaTds (United
Kingdotn Cienerally Accepted Accoiintin¥ Ptacticel.
The law oppliLable to Lharities in England and Wales requiteg the rnernbers LTrf the PCC to prepare fiiianLial slateTnents fuT each
finanLial year whiLh giTre a ITue and fair view of the state of affaitg of the Abbey and of the inLoming restiLirces appliLaiion
of Te5Ou￿e5 of the Abbey foT that PeTiod. In preparing these financial stalernents, the TneTnbeTS of the PCC are required to..
select suitabl¢ accounting policies and then apply th¢iK consist¢ntly',
obs¢rb'¢ the Ineihods and principles in the ('.h3rilies SORP;
makc Judgcmcnis and aeeouniing cstimaics that arc rcasonablc and prudent;
prepare the fin￿LI￿1 statements on the going conLern basis unless it is inappropriate lo presutne that the Abbey will
conlinLie in operaiiun.
The members of Ihe PCC are reswnsible for keeping proper aecounting records Ihai disclose with reasonable accuracy ai any
iimc thL financial position of thc Abbcy and cnablL thcm 10 cnsurc thai Ihc financial siaicmcnts eomply wilh thc ChariiiLs Act
2011, the ChaTily (Accounts and Reports) Regulaiiuns 2008 and Ihe provisions of Ihe Abbey's eonsiiluliLTrnal doLutnenlS. They
aTe also responsible for safeguarding the asseis of the Abbey and hence for iaking reasonable steps for Ihe prevertlion and
deieciion of fraud and other irregularities.
Signed on behalf ofthe Trustees
Thc Rcvcrcnd Chanial Mason
Aciing Re£ior of Baih Abbey
Date..
7.5.26

Btsth Abbey P*rochial Churth Courttil
Independent Audltor's Report to the Members of Bath Abbev Paroehlal Church Councll
Ye*r ended 31 Deeember 2025
OPINION
We have audited the financial siaiemertis ofBaih Abbey Parochial Church Council Ithe'ChOTily'l and itssubsidiary lthe'Group?
for Ihe yeaT ended 31 Deeember 2025 whiLh comprise Ihe Consolidated Siatemeni of Financial Aciiviiies, Ihe Con8olidaied
Balancc Shcci, Ihc Charity Balancc Shcci, Ihc Consolidaicd Siatcmcnt of Cash Flows and thL rclatcd noics, including a
SUTntnary of significant accounling policies. The finanLial reporting frarnewoTk thai has been applieli in IheiT preparaiivn is
applicable la￿. and United Kingdom Aceouniing Siandards, Including FinanLial Reporting Siandard 102 'Thc Financial
Reporting Siandard applicable in the UK and Republic olIreland' (Uniied Kingdom Generally Accepted Accouniing PraLticel.
In our opinion the financial siaiements..
give a trL]¢ and fair view of the state of the GTQUP'S 2nd th¢ Charity's affairs as at 31 Dtc¢rnb¢r 2025 and of the
CJfoup'% iliCDTning Te4ource% and application of TesDuTce.4, including it4 income and expenditure for the year then
have been properly prepared in accordance wilh United Kingdom Generdlly Accepted Accounting Practice; and
have be¢n prepared in accordance with the requirements of the Charities Act 2011
BASIS FOR OPINION
We coiiducted our audit in a¢coTdanc¢ with Inl¢rnational Standards on Auditing (UK) IISAS (UK)) and applicable l&w. OUT
responsibilities under those standards are tiirrlier described in the Auditors, responsibilities for th¢ audit of tlie financial
stalern¢nts section of our report. We ar¢ independent of the GTOUP in accordance with the ethical requireinents that are relevant
to our audit of the finaii¢ial 5tal¢in¢nls in th¢ Uiiited Kingdom, including the Financial Reporting Council's Ethical Standard,
and wthav¢ fulfilledouroth¢i-¢thical respoiisibililit.4 iii a¢coTdance witlith¢s¢ r¢quir¢rn¢nts. We beli¢v¢ that die audit ¢vid¢iict
we have obtained is sufficient and appropriat¢ to provid¢ a basis for our opinion.
CONCLUSIONS RELATINC TO GOI￿G CONCERN
In auditing the financial statements, we hav¢ concluded that the members, use of the going concern basis of accounting in the
PTePaTation of the financial stal¢m¢ntS is aPPTopriat¢.
Based on the WOTk ￿'e have peTfDTtned, we liave identified aiiy tnaterial uiicertaintie£ relating to event4 OT condition£ that,
individually or collectively, Illay Cast significant doubt on the Group or Ch&rity's ability to continue as a going concern for a
period of &t l¢asl twelv¢ Inonihs frorn wh¢n th¢ financial.4tal¢m¢nLs 3r¢ authorised for issu¢.
OuiTe4pon%ibilitie% and the re.4poii£ibilitie% of the tlletllbeT￿ With respect to going concetn are de8cTibed in the Televant.4ection
of this r¢port.
OTHLR JNFORMAI"JO
Tlie ineinbets are Tesponsible foiihe oiherinfortnation. The other infomialion cornprises the inforrnatioii included in the Aniiual
Report. other than the fiiiancial £tattTn¢nt8 and our Auditors. Report tliereon. OUT opiiiioii on the fiiiancial statenients does not
cover the otheT infortnation and, except lo the exleiil otheThvi4e explicitly 8lated iii our report, we do iiol expre.￿8 any fotm of
assuTJnce conclii%ion thereon.
In connection witli QUT audit of the financial slateTnentS, OUT Te4pon%ibility is to read the other infomialion aiid, in doing
con%ideT ￿.hCtheT the other informatioii 1% niateiially incon4i%tent witli the fiiiancial %latenient8 OT our knowled¥e obtained i
the audit or otherwi%e appear% lo be tnateriJlly Tni%%ldted. If we identify %uch inalerial inconsi%tencie% OT appareiil tnaterial
issldtetnenls, we dTe required to deteTmine w'hetheT there is a inalerial nii5slalenienl in Ilie fin￿CIal slatenients 01 a nidteTial
Tni££tatenient of the Diher infoTtnatinn If, ba£ed on the WOTk we have perfomied, we conclude that there is a rnateTial
i%%tatetnent of this otheT infotmalion, we are Tequited to Teport that fact.
We have nothin¥ to Teport in this regard.

Btsth Abbey P*rochial Churth Courttil
Independent Audltor's Report to the Members of Bath Abbev Paroehlal Church Councll (contiNued)
Ye*r ended 31 Deeember 2025
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our knowledge artd urtdeTsiartdirtg of the Group and Charity and ils environtnerti obtained in the Course of the
audil, we have not ideniified material misstt)temenis in Ihe Annual Report.
We have rtothirtg to Teporl in respect of the follo￿.in£ maiieTS in relation 10 whiLh we 10 report to you if, in ouropiniort..
th¢ Charity has not k¢pi adequat¢ and sufficient accounting words, or returns adequate for our audit have not been
r¢c¢iv¢d frorn bTanch¢s not visited by us,. or
the Ch￿lty findnLidl slalementS dTe nut in agTeement with the accounting ￿CO[d5 TetutnS' 01
we have not received all tlie infomiation and explanations we require for our audit.
RESPONSIBILITIES OF MEMBERS
As explained more fully in the member's responsibilities stalemellt, the members are responsible for the preparation of the
financial statemeiits and for being salisfi¢d that tliey give a iiue and fair N'ieiv. aiid for such internal control as the membe
dettrmine is necessary io enable the preparation ot. fillancial statements thai are trtt from material misstatement, wheiher due
to fraud or error.
In PTepaTing the financial 5tat¢rn¢nts, the members ar¢ r¢sponsibl¢ for assessingthe Group'sand th¢CThaTity's abilitytocontinue
as a going conc¢m. disclosing, as applicable. matters related to going concern and using tlie going concern basis of accounting
unless the members either intend to liquidate the tiroup or tli¢ Charity or to cease operations, or have no realistic alternative
but to do so.
AUDITORS, RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether tlie financial slat¢ment5 as a whole are fr¢¢ from rnaterial
misstateinent, whether du¢ to fraud or error. and to issue an Audito￿, Report that iiicludes OUT opinion. Reasonable assurance
is a high level of assuranc¢, but is not a guarant¢¢ that an audit conducted in accordance with ISAS IUKI will always delect a
materigl misstal¢m¢nt when il exists. Mi5slat¢m¢nt5 can arise from fraud or error and ar¢ considered materi81 it, indiTridually
or in the aggr¢gat¢, they could reasonably be txpecl¢d to influenc¢ th¢ ecoiiomic decisions of US¢TS taken on the basis of th¢s¢
financial stateinenls.
Irregularities, including fraud, aTe instances of non-compliance with laws and r¢gulation5. We design PToc¢dur¢s in line with
our Te5p)nsibiliti¢s. outlined abov¢, to d¢t¢ct Inaterial Inisstatetnents in Te5P¢Ct of irr¢gulariti¢s, including fraud.
IdentifyiTJg asse$5ing potential ri5k5 relaled to irregularitie5
Th¢ extent to which our proceduT¢S ar¢ capable of d¢l¢cling iTr¢gulariti¢s. including fraud is d¢tail¢d below..
Wc have considcrcd thc naturc of thc sccior, conirol cnvironmcnt and fjnancial pcrforniancc,.
We hai'e considered th¢ results of enquiries with manag¢m¢ni and mernbers in relation to their own ideniificaiion
and assessment ot'the risk of irregulariiies within the ¢niiiy; and
We have r¢vi¢wtd tlie docurn¢ntatitJli of k¢y proce4ses aiid controls and P¢TfoTined walkthToughs of traiisadions to
coiifiTtn that the %yslern% are opetatiiig iii line ￿.1111 docurnentation.
Foiany tnallers identified we liaveobtsinedand reviewed the Group's docutnentalion of theiipoliciesand procedures
relating lo-.
idcntifying, cvaluating, and complying with laws and rcgulaiions ivhcihcr ihcy wcrc awarc of any
instances o(non-complianee',
detecting and responding to the risk of fraud and whether they have knowledge ot. actual, suspected,
or alleged fraud,. and
the inteTnal control4 established to Tnitigate the Ti£k￿ of fraud 01 non-compliance with laws and
tegulation8.
we have consideTed Ihe matiers discussed among Ihe audit engagemeni ieam regarding how and where fraud might
occur in the financial sta￿MentS and po￿ttl1a1 indicators of frdud.
io-

Btsth Abbey P*rochial Churth Courttil
Independent Audltor's Report to the Members of Bath Abbev Paroehlal Church Councll (contiNued)
Ye*r ended 31 Deeember 2025
Identlf)'Ing and assesslng potentlAI rlsks related to Irregularltles &￿￿tIn￿ed
As a result of these procedureg, we have eortsidered the opportunities and irtLentives thai Ttydy exist within the organisatiort foT
frdud and identified Ihe highesi area of risk 10 be irt relation to revenue recogniiion, wilh a parlicular risk in relaiion 10 year-
end cut off. In Common with all audiis undcr ISAS IUKI wc arc also rcquircd to pcrlorm SPLYific proccdurcs io rcspond to Ihc
Tisk of martagemeni override.
We have also obiained undersianding of Ihe legal and regulaiory Irameworks that the Group operates In, focusing on provisions
of Ihosc laws and rcgulations ihai had a dircci cffcci on thc dctcrminaiion of matLYial amounts and disclosUrL￿ in Ihc financial
siaiemenis. The key laws and regiilaiions we considered in Ihis coniexl included the ChaTllies Aci 2011, Chariiy SORP 2019,
FRS 102 and the terms and conditions aitaching 10 material grants received by Ihe Chariiy.
In addition, wc considcrcd thc provisions of oihcr laivs and rlgulations that do noi havc a dircci effcci on ihc financial
siaiements but Lompliance wilh which may be fundamenial to Ihe Group's abilily to operdie oravoid a maierial penalty. These
includcd data proicciion rcgulations, hcalth and safciy rcgulations and cmploymcni Icgislaiion.
Our procedures to respond to risks identified included the following..
Revieiving the financial siaiemeni disclosures and iesiing to supporiirtg doeumeniaiion 10 assess eompliance wilh
prol'isions of relevant laws and regulaiions described as having a direci elfect on Ihe financial staiemettis.,
Pertorjning ana1￿1¢al procedures to identify unusual or unexpected relationships that may indicate risks of material
misslat¢ment due to fraud.,
Reiii¢wing board mttting minutes.,
Enquiring of management in relaiion to actual and poieniial claims or litigaiions,.
Performingdetailed tran￿¢tIonal l¢sting in r¢lation lo the wognition of reN'enu¢. specifically grants.with a particulaT
focus arouiid y¢ar-tnd cul off., and
In addressin¥ the risk of fraud Ihrou¥h management override of eonirols, testing the aPPTOPTiaienesg ofjouTnal enlnes
and oiheradjusimenls,- asses&irtg whether Ihe judgtnertis made In aLtouniing esiirnates are indiLaiive of potential bias-,
and evaluaiing the business raiionale of significani irdnsaciions Ihai are unusual or outside ihe normal course of
busincss.
We also eommunicaied Identified laws and Tegulaiions and potential fraud risks 10 all members ofihe engagement team and
remained alert to possible indicaiors of frdud or non-compliance with laws and regulaiions throughoui Ihe audii.
As a rcsuli of thc inhcrcnt limiiaiions of an audit, thcrc is a risk (hat noi all irrcgularitics, Including a maicrial missiaicmcni in
financial siaiemenis or non-compliance wilh regulation, ￿,111 be deiecied by us. The risk increases Ihe furiher removed
compliancc with a laiv and rcgulaiion is Irom thc cvcnis and Irdnsaciions rcflc£tcd in Ihc financial staicmcnis, givcn wc will bc
Icss likLly 10 bc awarc of it, or should Ihc irrLgularity occur as a rcsult of fraud rdthcr than a onc off ttror, as Ihis may involv¢
inicntional conccalmcnt, forgery, collusion, omission or misrcprcscntaiion.
A furthcr dcscnption of our rcS[￿n$ibl]l1i￿ lor the audit of Ihc financial siaicmcnts is located on ihc Financial Rcponing
Council's wcbsiic ai.. wryv¥.frc.0rg.u￿audilor8rcs1x]nSibilItICs. This dcseription forms pari of our Auditors, Rcpon.

Btsth Abbey P*rochial Churth Courttil
Independent Audltor's Report to the Members of Bath Abbev Paroehlal Church Councll (Copnilnued)
Year ellded 31 Deeember 2025
USE OF OUR REPORT
This report is madc solcly 10 Ihc mcmbcrs, as a body, In accordancc ￿'ith scciion 144 of ihc Charitics Aei 2011 and rcgulations
madc undcr section 154 of Ihai Aei. Our audit work has bccn undcnaklm so Ihai wc might siaic to Ihc mcmbcrs thosc mattcrs
wc arc rcquircd to staic 10 thcm in an Auditors, Rcport and tor no oihLY purposc. To ihl fullest cxicni pcmiittcd by la￿,. wc do
not acecpt or assumc rcsponsibility to anyon¢ othcr ihan ihc mcmblrs. as a body, for our audii work, for this rcport, or for thc
opinions wc haNc formcd.
Chris Tra￿thaM FCA (Senior Ststutory Auditor)
for and on b¢halt'ot'
BistLOP Fleming Audit Ltd
c.hartered Accountants
Statutory Auditors
10 Temple Back
Bristol
BSI 6FL
Date. 14.05.2026
Bishop Fleming Audit Ltd is eligible to act as an auditor in terms ot section 1212 of the Companies Act 2006
12

BAth Abbe> P*roehlal chU￿h Coun¢ll
Consolidated Statement of Fin#ttcial Attivities
Ye*r ended 31 December 2025
2025
2024
un[e￿tTicled
fiinds
Restricted
fi]nds
Endowtnent
funds
Total furtds
Total funds
Note
Income enduwments
Dunatiolls legacies
Charitable aLliTrilies
Oiher ITading aciiNiiies
Investnienl InLurne
2,042,121
,711,762
746,449
72,075
136,265
2,178 J86
,711,762
755,186
76,383
388.335
1,658,888
777,773
18,323
8,737
4,308
Total Ineome
4,572,407
149,310
4,721,717
2,843,319
Eipenditure
Expenditure on raising tunds..
Costs of other trading
1530,140}
17441
1530,¥1$41
1546,929}
xp¢iiditur¢ on chaTilabl¢
12,323,8521
1117,9261
12,441,771$)
12,407,8.141
Total expenditure
12,853,992)
1118,670)
12.972,6621
12,954,763}
Net Iloss¢sVgains Oll
investments
io
(6,1981
(6,1981
3,469
Nct in¢omcJlcip¢nditure)
30,640
{6,1981
,742J57
1107,975}
Translcrs bctwccn funds
15
148,850
1148,8501
Net movemeTLt in funds
179,490
1155,0481
,742J157
1107,975}
Reconciliation of funds
Total fund4 brought foni'ard
TotAI (unds tArried foryiard
594.789
2,071,804
155,04S
2.821,641
2,929,616
2,313,204
2.251,294
4,$64,498
2,821,641
The statement of flnancial activities includes all gains and losses recognised in the year.
All income and ¢xpcnditur¢ derive from continuing acliwilies.
The notes pages 18 to 35 form PArt of these finAnclAI statements.
13-

Bath Abbey P*rochial Churth Courttil
Consolldated Statement of Flnanclal P051tio
31 December 21)25
2025
2024
Note
Fixed 255ets
Tan¥ible fixed asset
Investnienls
17
18
2.131197
14&850
2,161,250
155.048
2,280,747
2,316,298
Current assets
Stocks
Dcbiors
Cash ai bank and in hand
19
20a
80528
279,525
2 J04,999
73,522
254,808
2,065,1I52
,240,051
Creditor5.' amount5 falling due wilhin one year
21a
138lJlJll
1559,7081
Net currcnt a55ets
2,2113,751
68a,343
Total assets less turrent Il*bllltles
4,$64,498
2,996,641
Credltors: amounts (alllng due After more than one yeAr
22
I175,￿0]
Net assets
4,564,498
2,821,641
Funds of the th*rity
Eiidowinenl funds
RegiriLied funds
Unteslricled funds
155,048
2,071,804
594,789
2,251,294
2,313.2(I4
Total eharity funds
25
4,564,498
2,821,641
These fiiiancial.4tal¢meiil.4 wei"e appToTr¢d by th¢ Board of TrL]Sttts and auilioris¢d foT is4ue on
and are %i8ned on behalf of the board by..
7.5.26
Carvpr (May 11. 2026 10 40 21 GMT+11
The Reverend Chantal Mason
Acting ReLtoi of Bath Abbey
Mi R ca￿er
TTeaSUTeT
The Thotes pages 18 10 35 form part of these financlal statements.
14

Bath Abbey P*rochial Churth Courttil
Statement of Flnanel*l Posltlon
31 December 21)25
2025
2024
Note
Fixed 255ets
Tan¥ible fixed asset
Investnienls
17
18
2.131197
14&851
2,161,250
155.049
2,280,748
2,316,299
Current assets
Dcbiors
Cash ai bank and in hand
20b
507,026
2,107,676
586,836
591,051
2,614,702
,177,887
Creditor5.' amount5 falling due within one year
21b
1332,9Z71
1499,520}
Nct current assets
2,281,775
678.J67
Total assets less turrent Ilabllltle5
4,562,523
2,994,666
Credltors.. amounts (*11Sng due After more th*n one yeAr
22
1175,0001
Net assets
4,562,523
2,819,666
Funds of thc charity
Eiidowinenl funds
Reslricled funds
UnteSlriLied furtds
155,04S
2,071,804
592,814
2,251,294
2 JI 1,229
Total eharlty funds
4,562523
2,819,666
Th¢s¢ financial stal¢rn¢nts wer¢ aPPTov¢d by the Board of TrL)Sttts and auihoris¢d foT 155Ut on
and ar¢ sign¢d on behalf of th¢ board by..
7.5.26
ob GatV8rlMay 11, 2026 1040 21 GW[+1
The Reverend Chaiilal Mason
Acting Rectoi of Bath Abbey
Mi R ca￿er
T[￿UTeT
The Thotes pages 18 10 35 form part of these financlal statements.
15

Bath Abbey P*rochial Churth Courttil
Consolldated Statement of Cash Flows
Ye*r ertded 31 Deeember 2025
2025
2024
Cash flows from operatlng a¢tivitles
Nci incomcl(cxp¢ndimrcl
.742,847
1107,975}
Adju.¥lnTent.s foi"
DepTeLialion of tangible fixed asset5
AtnLTrrtisaiiun of Intangible
Nei losses..'Igainsl on invesimenis
Other interest reLeivable dnd sirnilai inLurne
Interest payable and similar charges
73,312
77,859
6,198
176J831
34,039
{3,4691
118,3231
32,128
Ch￿ng¥S in.
Stocks.
Tradc and oihcr dLbtors
Tradc and oihcr crcditors
(7,0061
124,7171
1103,4071
38.877
293,315
163,0671
Cash generated from operations
,644,89.3
249,346
Interest paid
Inl¢r¢st ￿￿e1Ved
134,0.191
76,3&1
1 ¥,323
Net casli from operating activities
,687,237
235,541
Cash flows from illvesting activities
Purchasc of rangible ￿se[S
Loan repayment
143,9591
1250,0001
126,3861
17.5.(K)01
Net cash used in investing activities
1293,Y591
Net Increase In tash and eAsh e4ulvaleThts
Cash and Cash equli'alents at beglnnlng of year
lJ93,278
911,721
134,155
777,566
Cash aThd cash equivalents at end of year
2 J04,999
The Thotes pages 18 10 35 form part of these financlal statements.
16-

Bath Abbey P*rochial Churth Courttil
Accountlng Polltles
Ye*r ertded 31 Deeember 2025
Ba51s of prepargtlon
The finartLial giateTrtentg have been prepaTed ort the histOTical cost basis, as modified by the revaluation of investment agseis
measuTed ai fair value Ihrough inLome or expenditure and are presenied in sierling which is the funciional currency of Ihe
chariiy and rounded 10 Ihe nearesi £1.
The financial siaiemenis have been prepared to gil'e a irne and fair, vie￿. and have deparied (rom the Charilitt IAceoiinis and
Reports} Rcgiilaiions 2008 only 10 Ihc cxieni required 10 provide a 'irue and fair view" This dcpariure has involwcd following
Accounting and Rcporiingby Chariiicsprcparing Ihciraccounis in accordanccwith thL Financial Rcporiing Siandard applicablc
in the UK and Republic of Ireland issued in OLiober 2019 rather thon the AccoLilliing and Reporting by ChaTllies". SiateTrteni
of Recommended Practice effeciive from l April 2005 which has since been withdrawn.
Thc consolidatcd a￿e￿n[S includ¢ ihc irading aciiviiics, asscts and liabiliiics of thc subsidiary Company.
Thc SI￿lfIcant accounting policics applicd in thc prcparaiion ol th¢￿ fjnancial sthtuncnis arc out bclow. Th¢sc policics
havc bccn eonsisicntly applied to all ylars prcscnicd unl￿5 othcrwisc sthted.
Judgements and key sourees of estlmatlon uneertAlnty
Thc prcparaiion of th¢ financial siaicmcnts rcquircs managcmcnt 10 makc judgcmcnis, Cstimaics and assumptions thai affcci
the amounts reported. These estimates and judgements are continually reviewed and are based on experiellcc and oiher factors.
including cxpcctations of fuiurc cvcnis Ihat arc bclicved to bc rcasonablc undcr thc circumstan￿8.
Going concern
In aceordancc wilh FRS 102 and ihc Chariiics SORP IFRS 1021 Ihc PCC mcmbcrs of Baih Abbcy havc liaiscd wilh Ihc
Exccuiiwc Dirccior and undLYiakcn a rcvicw of Ihc financial viability of Bath Abbcy and an asscssmcnt of iis ability to tyadc as
a going concem, boih currently and for ai least 12 monihs after ihe accounts have been audiied. As part of our assessmellt we
have taken into account the following matters..
Dciailcd incom¢ and cxpcndiwrc budgcl for 2026 togcther with th¢ assumptions thai sit bchind thc figurcs.
Long Range Forecast to 2026- 2030.
The significani research thai siis behind the assumptions in the 2026 and long range forccasi.
The Term Loan Faciliry made available to th¢ Abbey by the Bath and Wells Diocesan Board of Finance was
fully repaid during 2025.
The known events and corresponding incom¢ str¢am, salaries and rent payments due in 2026.
The known Benefice Share payment due to the ]4ath and Wells Diocesan 14oard of Finance in 2026.
The movements Ill cash balances throughout 2025 and projected into 2026.
Receipt of th¢ significant donation received in 2025 which has been designated.
Receipt ot sigllificant donations from th¢ Friends of Baih Abbey, which will be used to part fvlld the Tower Roof
works in 2026 and new Liturgical Furnitur¢.
The above budget alld fore£ast have enabled the PCC members of Bath Abbey to conclude that Bath Abbey is a goillg conc¢m
and that there are no material uncertainties relating lo its going concern Sta￿S.
17

Btsth Abbey P*rochial Churth Courttil
Accountlng Pollcles (Copnt¢nHed)
Year eTLded 31 Deeember 2025
Fund accounting
The accounts include all transactions, assets alld liabilities for which the PCC is responsible in law.
Unrestrided funds r¢pr¢s¢nt the funds of the PCC that ar¢ not subjrft lo any restrictions regarding their us¢ and ar¢ available
for application to the general purposes of the PC.C. Funds designated for a particular purpose by the PCC are also unrestricted.
R¢slricl¢d funds aTe those rnoni¢s giv¢n lo the PCC for specific pury)os¢s and can only b¢ appli¢d in respect of those puwoses.
The PCC no longer hgs endowment funds. T)uring the year it was id¢ntifi¢d that a capital donation received by the PCC had
b¢¢n incoThtly classified as an endowm¢nt and it has now been correctly classified as a TeStrict¢d fund.
Income
All inwmt is included in the stat¢m¢nl of financial actii'ities wh¢n ¢ntiiletn¢nt h&$ pass¢d lo th¢ ¢h&Tity. it IS PTobablt that the
economic benefit% a£%ociated with the ttan£action will flow to tlie chaTity and the arnouiil can be reliably tllea4uTed. The
following 4pecific policie8 aTe applied lo particulaT categoTie4 of inCOTne'.
Donations and grants
Planned giving is Tecognised only when Teceived.
CollectlOllS aTe recDgnised wlien T¢c¢iv¢d by or on b¢half of the PCC.
Citanl% and legacie% are accounted foias soon as the PCC is nolifiedof it8 legal eiititlement, theamountcan be reliably inea8uted
and it is probable that th¢ arnounl will b¢ r¢c¢iv¢d
IncoTne tax TecoveTable on gift aid donations TeC0￿]sed when the donation is received.
lthcome frnm other *ctLVlties
Sales of books and otheT Ileins sold in the shop ate reco￿lSed at point of 8ale.
Fees atising the use of the Abbey and its other properties are Teeugnised when the event l)Leurs.
Expenditure
Expertdilute Is Tecognised ort sn acctuals basis as a liability is Incu￿ed.
Grants and donatiotiS aTe aLLoiinled foi when paid over, or when awarded, if thdt award cteales a binding obligation on the
PCC. The diuces*n PaTish share is accounted foi when payable.
Staff co%ls are the tnajoi expendiliire of the Ch￿lty aiid ate apportioned lo activities ba&ed upon the litne spent on those
dLtivities. The tnajority of other costs be diTeLtly alloLdted lo eaLh uf the charity's dLtivities set out in note 8. The LOStS
uf pr(Ividin¥ Lenlral utTice support such as firtance, HuTtYdn RegourLes, reLepiion desk are treated speLifieally as support costs
and are deiailed in note 9.
Operating le*ses
Lease paymenis are recognised as an expense over Ihe lease ierm on a siraighi-line basis. The aggregaie benefit of lease
incentives 15 TeLugnised ￿ductIvn lu expense uver the lease letrn, un a slTdi¥ht-line basis.
Int*nglble assets
Intangible assets OTe illitially reLUTded ot cost, artd aTe subseqiienily stated ai eust legs any aLLUTnulaied amortigaiiun and
inipairrnent ILTrsses. Any Inthngible assets carried ai revalued arnounis. are teLotded ai the lair valiie ai the date uf revoluaiiort,
as deieTmined by reference 10 an aciil'e market, less any subsequelli acLumulated amortisaiion and subsequent accumulaied
impairment losses.
18

Bath Abbey P*rochial Churth Courttil
Accountlng Polltles (Copnt¢nHed)
Year eTLded 31 Deeember 2025
Tangible a55et5
All fJx¢d assets costing £l.ON or more are capitalised and are illjtially recorded at cost. They are reviewed for impainnent at
int¢rva15 no gr¢at¢r than one year.
Work to maintain the Abbey (including floor r¢pairsl is expensed in-year whilst w'ork outside. together with any ¢xp¢nditur¢
on fixtt)r¢s and fittings, is capitslised. Tlie Footprint project cov¢r¢d both work inside the Abbey and outside. so analysis wa5
undertaken to ascertain the ¢xp¢cted prowrtions of Ilie cost of work inside and outside, logeih¢rw'ith any associated fees. Work
und¢rtak¢n by Footyrint lias Ih¢n b¢¢n ¢apit&lis¢d according lo those PTOPQrtions but ¢aptKd by th¢ exp¢¢t¢d maTk¢t value foT
the outsid¢ property.
Depreciatio
Depreciation is calculal¢d so &s to write off the cost or valuation of an &sset, Iw its residual value, oweT the us¢ful econornic
lif¢ of that asset as follows..
Freehold property- 50 ye3T
Footyrint proj¢cl- 50 years
Fixtures. fittings aiid tquipm¢nt- 3 to 5 y¢ars, with th¢ ¢xception of
Diptych%- not depreciated
Cilockenspiel- 20 yeaT
Snund, 4CTetn and staging- 3 to 10 years
Pianos- 50 years
Investments
Li.4ted inve8trnellts are rnea%ured al fail value with change8 ill fair value being iecogni8ed iii PTofit 01 loss.
Stocks
Stocks ate TneL4ured al the loweT of co81 and e8liTnated selling price les.4 coRls to CQTnplele and 8ell, after Inaking diie alloW￿lce
for obsolete and %low tnovin¥ itetn8. Co%1 includes all costs of PUTcha%e and otheT Costs incuTted in brin¥in¥ the stock to ils
PTesent lucaliun and Londition.
Financial itLStrument5
A financial osset 01 a financial liability is reco¥nised only when the entity beL'omes a party to the contractual PTOTrlSiOtis of the
irtglrurnent.
Basic financidl inslrurnents. are initially TeLognised at the amount receivable oipayable including related tr￿n￿Ltion Lost5,
unles5 the atrangenienl Lunstitute& a finanLinE transaLliun. wheTe it Ig Teeugnised at the present value uf the future payments
disLounted at a tnaTkel tale of interest foi a gimilai debi instrutnenl.
Cutrent assets and current liabilities ate subsequently lnedsu￿d at the cash 01 other consideration expected lo be paid OT
Te£eived and rtoi diseounied.
Defined torttributioth plans
The ehanly opernies two defirted Lonlnbution pension schetnes foT etnployeeg. The assets of the scheTrtes ate held separately
from Ihose of Ihe charity. The annual coniribulions are re£ognised as an expense in Ihe period in which Ihe relaied service is
PTovided.
19-

Btsth Abbey P*rochial Churth Countil
Notes to the FlnantlAI StAtementS
Ye*r ended 31 Deeember 2025
General Informatlon
The ehariiy is a registered chOTily in England and Wales undeT the name 'The Parochial ChuTeh Council of the
Ecclesi&siieal Parish ofBath Abbey wilh Si James, Baih" and is uninLorporaied.
The address of the principal otTice is 9 Kingston Buildings, Bath, BAI ILT.
Statement of tompllanee
The charity eonsiiluies a public benefil eniily as defined by FRS 102. The fillancial siaiements hal'e been prepared ill
aceordance with Accouniing and Reporting by Charities.. Statement of Recommended Practice applicable 10 chariiies
prcpanng ihcir aceounts in aecordancc with Ihc Financial Rcponing Standard applicablc in thc UK and Rcpublic of
Ircland IFRS 1021 issucd in Octobcr 2019, the Financial Rcporiing Siandard applicablc in ihc Uniicd Kingdom and
Republic of Ireland (FRS 1021, the Chariiies Act 2011, and UK Generally Aceeptcd Practice.
Donations and lega¢ies
Unrcsirieicd
Funds
Rcsirieicd
Funds
Total Funds
2025
C.u*reNt vedr
Donation5
Planncd gii'ing
Donaiions- general
T)onalions- music
Mission Support Pentrfost app¢al
Friends of Bath Abbey
253,562
,784,413
4,026
253,562
1,&18,118
53,705
19,497
12,693
30,570
12,6Y3
Legacies
L¢gaci¢s
120
120
Grants
Cathedral Mu4ic Trust
Benefacl Ttu%l
10,000
9.800
9.800
2,042,121
136,265
2,178 J86
Unrestricted
Funds
Restricted
Funds
Total Funds
21124
Donatio]J$
Planiied giving
Doiialion%- ¥enetal
Doiialions- music
DDnalion%- Pootprint
Mi%%ion Support Pentecost appeal
FTiends of Bath Abbey
255.994
43,497
2,811
255.994
16,895
25,899
2,183
9,261
20,000
28,710
2,183
9,261
20,000
Le%aties
Legacies
10,000
10,000
Grants
Listed Places of WOT￿hiP
,795
,795
302,302
86,033
388,335
20-

Btsth Abbey P*rochial Churth Countil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
Charitable activitie5
Unrestricted
Funds
Total Fund5
UnTe8tricted
Fiinds
Total Fund
2Q24
2025
Visitor adrni88ion fees
ToweT lour
1,430,557
281,205
1.430,557
281,205
1,389,967
268.921
1,389.967
268.921
1,711,762
1,711,762
1,658,888
1,658,888
Other trading activities
un￿￿1[1Cted
Fund
Re8tricted
Funds
Total Fund5
21)25
Curreniyear
Shop %ales
Abbey hi￿ other fees
Melody Mokers
464,237
277,186
5,026
464.237
285,923
5,026
8,737
746,449
8,737
755,186
Unre8lricted
Funds
Re4tricted
Total Trund
2Q24
8hop £ale
Abbey hire other fees
Meludy Mdkers
441,291
319,567
4,175
441,291
332,307
4.175
12,740
765,033
12,740
777,773
Investment income
Un￿￿trIcted
Funds
Re8tricted
Funds
Total FuThd5
2025
CurreJ?iyear
Other inteie%t Teceivable
72,075
4,308
76J83
Unrestricied
Funds
Restricted
Funds
Toral Funds
2024
Prioryettr
Other interest receivable
4,208
18,323
Costs of other tradi]J¥ xttlVLties
Unresiricied
Funds
Resiricied
Funds
TotAI Funds
2025
CurrentTrear
Shop
Abbcy hirc and othcr f￿8
Mclody Makers
361,094
167,855
361,094
168,599
1,191
744
530,140
744
5.30,884
21

Btsth Abbey P*rochial Churth Countil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
Costs of other trading activities (cgnfrKMed)
un￿￿1[1Cted
Fund
Re8tricted
Fiinds
Total Fund
2Q24
PrEory£aY
Shop
Abbey hire and other fees
Melody Mokers
401,995
144,110
824
401,995
144,110
824
546,929
546,929
Expcnditurc charitabl¢ activitics by fund typ¢
Un￿51[1C1ed
Restricted
Total Funds
21)25
CurJentTrear
BenefiLe Sha
Missiun Suppvrl
Visilurs to the Abbey
Operating cost
ToweT iours
Music cosis
WuTk uf the Ministry
FabTiC Mainienartce
ArchiNcs
Foowrini projcct
Foowrini delivery phase funded by HLF
Support costs
310,183
JlQ,183
6,486
434.742
468,649
6,486
434,742
458,078
55,114
21 5,220
10,571
30,324
2,902
17,691
245,544
154,055
188,506
52880
17,178
26,018
482,423
170,815
52,880
15,563
26,018
8,371
474,052
2,323,852
117,926
2,441,778
Unresiricied
Funds
Rcsirieicd
Funds
Total Funds
2024
PriL7r)Jeur
Bcncfiec Sharc
Mission Suppon
Visiiors io Ihe Abbey
Opcrdting costs
Tower iours
Music costs
Work of ih¥ Ministry
Fabric Maintellance
Archii'es
Footprint project
Fo0￿rInt delivery phase funded by HLF
Suppon cost5
310,2
310,200
25,660
413,399
405,257
82,596
244,645
135,694
174,602
36,967
81,630
37,916
459,268
25,660
413,399
405,257
82,596
207,456
107,291
174,602
36,967
37,189
28,403
37,916
13,087
446,181
2,183.949
223.%85
2,407,834
22-

Btsth Abbey P*rochial Churth Countil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
Analysis of support Costs
Total 21125
Total 2024
Staff cusis
Finance co%t
GovenianLe LUSt5
Dep￿LIall0￿
Legal and professional
OffiLe TUllllill¥ exPen￿e
Other costs
291,604
34,039
16,950
27,726
13,692
82,074
16,338
289.947
32,128
13,740
25.262
12.527
70,881
14,783
482,423
459,268
11). Net11055e5Vgains on iiJi'e&tments
Endowment
Funds
Total Furtds
2025
Endowment
Funds
Total Fiinds
2024
Unreall￿ed {lussesllgaing un InvestTnent a￿￿etS
16,198)
{6,1981
3,469
3,469
11. Net incomellexpenditure)
Net incomell¢xpenditur¢l is stated after chargingllcr¢ditingl'.
2025
2024
Depreciation of tangibl¢ fixed assets
Opetaling lea8e Tentals
73,312
45.033
77,859
24,473
12. Auditors, remuneration
2024
Fccs payablc for the audii of th¢ financial sraicmcnts
10,100
9,800
Fees payable to the chatity's auditQT dnd its dS5ixidles for other seTvices-.
Audit uf the fiiianLial ststetnents of associates
Taxaiiort eomplianee services
3,700
3,500
840
4,340
23-

Btsth Abbey P*rochial Churth Countil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
13. Staff costs
The total statf costs and ¢rnploy¢e benefits for the rewrting period are analysed as follows..
21)25
2024
W&g¢s and salaries
SoLial secuTity Losts
ErnployeT LuniTibuliong 10 pertsion plans
Other employee benefits
,212,637
122,0(V)
80,318
26.963
5,469
6,391
I J72,102
1,225,763
Included in the above staff costs are costs of £8,721 12024. £9,405) relating to accn)¢d holidays being carried over to
futhre years.
Th¢r¢ are aTound 30 hourly paid ¢mploy¢¢s whose WQTking hours are so waTied that an average ti)11 tirn¢ ¢quival¢nt
alculation would not be appropriat¢ or useful. In Ttsp¢¢t of such trnploytts, total hours WOTk¢d were 16.963 and split
as follows..
W¢lcorn¢ Tea
Tower Toiirs
10,700
3,999
2,217
27
Shop
Operations
MusiL
L¢atning
15
In 2024 thesc cmployccs worked total hours of 16.662. Thc 20/0 incrcasc in hours is duc to paid staff rcquircd io covcr
Ihc incrcasc in visiior aciiviiies and cvcnis during 2025.
Thc avcragc hcadcouni of employccs during thc ycar was 7012024- 911 which includes thc pool of 30 zcro-hour sthff
meniioned above. The average No of full-time equivalent employtts during ihc y&qr, shown by depanment, is analysed
as follows..
2025
2024
Enterprise activities
Operations
Office and administratioll
Muslc
WoT8hip
4.25
29.7
29.15
Thc numbcr of cmployccs whow rcmuncraiion for thc ycar fcll within ihc following bands, wcre..
2025
2024
£80,000 10 £89,999
Key Management Per50nncI
Th¢ PCC ¢onsid¢TS that th¢ 'Abb¢y Le&dtT4hip T¢arn cornprises the key Tn&nag¢rn¢nt p¢rsoniiel of th¢ Abb¢y and that
they are in char¥e of rllniiing and operating the Abbey on a day to day blsis. The Abbey Leadership Teain rneels
fortni¥htly aiid con8i%ls of.. Tlie RectQT, the Abbey MissioneT, tlie Abbey Pastor, both Church Wardens, the Diteclor of
Music, the Executive Director, the Facilities Mana¥ei, the Head of Visitor Experience and the Head of Finance.
The total rernunei7tiDn of Key Management Personnel (excluding The Rector, the Abbey Mi%sioner, The Abbey Pa%tOT
nd the ChuTch Wardeii%l w'as £291265 12024.. £257,563).
24-

Btsth Abbey P*rochial Churth Countil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
14.
Trustee rernuneration and eipenses
No remuneration or r¢imburs¢ment of ¢xpenses12024. nil) has been mad¢ to the Members of the PCC in their capacity
as Members.
15. Tran5fer5 between futlds
Th¢ transfer from endowinent funds to restricted funds r¢pr¢s¢nts a capitsl donation r¢c¢ii'¢d by the PCC in pr¢vious
ye&TS which had been in¢oTrectly cl&ssifi¢d as an Endowtnent and has now b¢¢n corr¢ctly classified as a r¢stri¢l¢d fvnd
as confirmed by the original donor.
16.
Intangible assets
rhe group and the charity
'ebslte
development
Cost
At l January 2025 and 31 December 2025
11,908
Amortisation
At l January 2025 and 31 December 2025
11,908
Carrying
At 31 December 21125
Ai 31 December 2024
17. Tangible fixed assets
The group and the ch¥rity
FTeehold
property and
1¢&4thold
additions
FDDtprinl Sound, 4CTe¢ns
project
and staging
Piano wid
organ
Equipinent
Tot#1
C05t
At l Jan 2025
AdditiOnS
233,491
2,026,409
309,537
10,120
218,768
26.614
70,464
7,225
2,8S8,669
43,959
At 31 De¢ 2025
233,491
2,026,409
319.657
245,382
77,689
2,902,628
Depreeiation
At l Jan 2025
Charge for the year
At 31 Dec 2025
99,914
6,214
294.828
5.029
160,279
18,877
29,082
697,419
7.3,312
41,581
106,128
154,897
299,857
179,15C)
30,C)93
771),731
C#rr)in2 *mount
At 31 Dec 2025
127,363
1,871,512
19,8
66226
46,996
2,lJlJ97
At 31 Dcc 2024
133,577
1,913,093
14,709
58,489
41,382
2,161,250
25-

Btsth Abbey P*rochial Churth Countil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
The group and the th#rity
Llsted
Investments
Cost or valuatlon
At l January 2025
Additions
Fair value movements
155,048
{6,1981
At 31 DeCe￿ber 2025
148,¥50
Impairment
At l January 2025 31 Detember 202S
Carrying
At 31 December 21125
148.850
Ai 31 December 2024
155,048
All investrn¢nts shown above are held at valuaiion.
Unquoted ini'e5tment
In addition to th¢ abov¢ inv¢stiKents. the chaTity held one £1 ordinary share in its wholly owned subsidiary wrnpany, at
acostofLI.
18b. 8ub5idiary undcrtaking
Th¢ charity the whole of the issued shar¢ capital of Bath Abb¢y Lirnit¢d, a coinpany r¢gist¢rd in England. Its
principal adivity is Ilie operation of the thop at Bath Abbey and the oigaiiisation of concerts and oth¢T ¢ventS at the
Abbey. A 8UTntnary of its Te.4uli% and balance Sheet 18 provided below".
Year ended
31 Dcc 21125
YeaT end¢d
31 Dec 2024
Profit and loss ae¢ount
Tumover
Cosi of salcs
642,911
{277,0651
579.149
1307,5561
Gross profit
365,846
289,593
Administratti'e expenses
{162,4161
1149,8511
Operating profit
2O.3,430
139,742
Distribution to Bath Abbey PCC
{203,4301
1139.7421
Result for th¢ financial yeaT
Balance sheet
301,576
(299.6(M))
430.017
1428,0411
Retained 4urplu
1,976
1,976
26-

Btsth Abbey P*rochial Churth Courttil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
J9a. Stocks
The group
2025
2024
Finished goods and goods for resale
80.528
73,522
19b. Stocks
The charlty
2025
2024
Finished goods and goods for resale
20¥. Debtors
The group
2025
2024
TTad¢ d¢bto
Prepayments and accrued incotne
(tift Aid recov¢rabl¢
Other debtors
70,624
Z04,352
4.137
412
45,205
194,-138
4.663
10.602
279,525
254,808
2Ob. Debtors
The charity
2025
2024
Tradc dcbtors
Amounis owed by group undertakings
Prepayments and accrued income
Gifi Aid recoverabl¢
Other debtors
46,899
251,226
204,352
4,137
412
29,756
367,8.54
176,554
4,663
8,009
507,026
58h,836
21#. Creditors= xmtsunts f*lling due within ytar
The 2roup
2025
2024
TTdde creditors
ALcruals nd deferred income
Social sccurity and oiher iaxes
Wagcs control aecouni
Loan from Diocese of Baih and Wells
Othcr crediiors
66.046
218,784
90,086
6,062
93.921
310,329
61,655
5,688
75,000
323
381,301
559,708
21b. Creditors: amounts falling due within one year
The charity
21)25
2024
TTad¢ Creditors
Acctual% aiid defetred incoine
SuLial secuTlty and other laxe
Wages coiilTuI aLcuuni
Loan Irom Diocese of Baih and Wells
Other LredilLTrtS
57,305
21)11.483
68,782
6,062
86,109
283,394
45,329
5.688
75.000
4.000
295
332,927
499,520
27-

Btsth Abbey P*rochial Churth Countil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
22. Crcditor5'. arnount5 falling due after more than one year
The group and the th#rity
2025
2024
Lfjan from Diocese of Bath attd Wells
175,000
The loan from the Diocese of Bath and Wells was repaid duting the year.
23. Deferred Income
The 2roup the tharity
2025
2024
Amouni deferred In year
23,517
Deferred incoTne repre.4ent8 tickets monie4 Teceived in the year for evenl% which will lake place in 2026.
24.
Pensions other post retirement benefits
The amount recDgni4ed ill expenditure a% an expell£e in Telation to defined contribution plans £31,065 12024..
£26,963).
25.
Analysis of charitsblc fu]Jds
Unrestritttd funds
Th¢ group
At
31 Dec 2025
At l Jan 2025
Ineome
Expenditure
Transfers
Ciirrertt veur
General (unds
Propcriy & fabric
maintcnancc fund
Footprilli
dcwclopmcnt fund
Legacies ftlnd
Legacies receivable
fund
Sabbatical fvnd
Mission Support
travel fund
Abbey Choir
Development fvnd
377,523
3,266,898
{2,850,9021
793J19
1.300,000
1,300,000
38,015
13,480
5,509
41.909
13,480
130,000
3,480
130,000
3,480
3,000
3,000
29,291
271116
594,789
4,572,407
{2,853,9921
2,313204
At
31 Dcc 2024
Ai l Jan 2024
Incomc
Expcnditurc
Transfcrs
Prioryeur
General tunds
Footprint
development fund
Legacies knnd
L¢gaci¢s receivable
fund
Sabbatical fund
Mission Support
travel fund
Abbey Clioir
Developmetti lund
364,042
2,740,305
{2,726,8241
377,523
66,702
13,4110
33
128,720)
38,015
13,480
130,000
3,480
13D,aOO
3,480
3,000
3,000
33,345
14,0541
29,291
614,049
2,740,338
{2,730,8781
128,720}
594,789
28-

Btsth Abbey P*rochial Churth Courttil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
25.
Analysis of charitable funds (conliKM¢d)
Unrestricted funds
The charity
At
TT3nsfeT% 31 Det 21125
At l Jan 2025
Incorne
ExPeT￿lture
CtsrrenlTrear
Genernl fiinds
Property & fabric
tn&inlenance fund
FootPTini
development fund
Lcgacics lund
LegaLies reLeivable
fund
Lcgacics ftlnd
Mission Suppon
Iravcl
Abbcy Choir
development
375,548
2,827,417
12,411,421)
791,544
1,300,0
1,3(Kl,000
38,015
13,480
5.509
41,909
13,480
130,000
3,480
130,000
3,480
3,000
3,000
29,291
11,4751
27,816
592.814
4,132.926
2,11 I,Z29
At
31 Dec 2024
At l Jan 2024
InLorne
Expendilu
TTansfeTS
PriL7r}Jgar
Cieneral funds
FuutyTinl
developTnent fund
LegaLies fund
Legacies receivable
rurtd
Legacies fund
Mission Suppon
Iravel
Abbcy Choir
dcwclopmcnt
362.067
2,2S2,737
12,269,256)
375,$4S
66,702
13,480
33
128,7201
38.015
13,480
130,000
3,480
130,000
3,480
3,000
3,000
33,345
14,0541
29,291
612,074
2,282.770
12,273,310)
128.7201
592,814
The Footptint PTojecl 18 Bath Abbey's niajor developinenl prograinine which alin% to ineel the worshippiii¥ needs of
Bath Abbey's cotntnunity in this foi years to Lorne, and to develop the faLilities to SUPPUrt aiid e￿h￿Le the
Abbey's seThiice to the city
The Fwtptint developtnent fund IfoTnieily the Abbey Church House buildin¥ and development fund) is the money
ceived frurn the ￿le of the Abbey ChuTch House lease these fi]nds are now being used towards the cost of the
FootPTiiiI developnient P￿8[a￿line.
The Legacies fund has been set up foi le¥ary incorne where the ttustees wish to specifically identify subsequent
expenditu￿.
The Legacies Teceivable fvnd ha% been set up to TecoTd le¥acie8 which have not been received bul which rneel tlie ciileria
foi itiLIusion in the aLLuunts.. Any diffeTence between the esti]]iate of the aTnounl of the le¥dLy and the legacy ￿ceiVe￿
be readily identified.
The Sabbatical fi]nd is monies set aside to PTovide for cleT¥y sabbatical expenses.
The Misgion Suwrt travel fiind Is monies sei aside by the Ministry and Mis5iort Cotntnitiee to contribute towards the
travel cost5 incurred when visitin¥ nii%%ion partners overseas.
29-

Btsth Abbey P*rochial Churth Countil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
25.
Analysis of charitable funds (conliKM¢d)
Unrestritted funds
The Abbey ChoiT developnient fund is a legacy received frotn the late Dr Derek Ciibson wlio was an ex choTlSteT. He has
donated the legacy to Bath Abbey PCC and hi8 desire is that these tnonie% are to be u%ed to 8upport the Abbey and ideally
d¢v¢lDp tli¢ Abbey Clioir.
The PTopety & fabtic tnaiiilenance fi]iid is a very geneTOUS donation made to the Abbey frorn a local philanthTOPIC
couple whu wish lu ￿ni￿1n anunynious. The fuiids We￿ given unrestriLted have siibseciuently been designated by
the PCC foT u4e in Tepair% to the property and fabTiC of the building.
Re5tritted funds
'he group and the charity
At
31 Dee 2025
At l Jan 2025
Income
Expendimre
Trdnsfers
Curri'rtl vi'ur
Rei'enue funds
Small resiricted funds
Including Spccial
Collcciions closed
Music fund
R¢ctor's Discr¢tionary
fund
Fabric maintenance fund
Alph¢ge Window fund
ChoiT stall% fi]nd
National Archive fund
Roof find
Mu8ic IfortneT
endownientl fiiiid
7,380
46.190
16,242
41,492
138
57813
130,2691
860
10,000
500
,300
io,o(MJ
511,013
12.711
67,704
3,450
12.5
10,570
12.4
148,850
148,851)
Capital fund5
FoutPTinl HLF asset
fund
FootyTinl asset fimd
Piano fund lassetl
FabTIL projeLlS capital
rurtd lasseil
DiptVLhs fund lagseii
Heriiage EmergenLy
fulld lasseil
Culiurc Rccovu Fund
ror Heriiage lassei}
126.0181
115,5631
11,3701
I,Q90,40J
781,111)
36,4S9
796,673
37,829
23,291
10,0
19371
22,354
10,o(H)
2,140
19581
1,182
5,070
15,0701
2,071.804
149,310
1118,6701
148.850
2,251,294
-30-

Btsth Abbey P*rochial Churth Courttil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
25.
Analysis of charitable funds (conliKM¢d)
Restricted funds
The group and the rharity
At l Jan 2024
Incotne
ExpendiknTe
Transfers
31 tkc 2024
PrEL7r}Jgar
Revenue funds
STrtall resirieied funds
ColleLliung closed
Music fund
Rcctor's Discrctionary
rurtd
Fabric maintcnancc fund
National Archivc fund
Root'fvnd
Footprini rcvcnuc fund
47,787
40,532
13,656
42,847
154,0631
137,1891
7,380
46,190
860
860
10,0
3,450
12,5
10,000
3.450
12,500
3,978
34,559
167,2571
28,720
Capital funds
Footprint HLF asKt
tund
Footprint asset fund
Piano fundlgssetl
FabTi¢ projects capitsl
fund lassttl
T)iptychs fund lassetl
Heritage Ern¢rg¢ncy
fuiid la84etl
Culture RecoveT Fund
for H¢rilag¢ lass¢tl
1,154,337
811,046
39.199
137,9161
114,3731
11,3701
796,673
37.829
4,228
10,o(xJ
20,000
19371
23,291
10.O(K)
3,09
19581
2,140
14.892
19.8221
5,070
2,163,988
102,981
{223,8851
28,720
2,071,804
Thc Sp￿la1 coll¢£iions and various small rcstnctcd funds consisis of smallcr rcstricicd donaiions.
Thc Music filnd is monics reccived spccifically iowards funding thc costs of ihc Music dcpartmcnt.
Thc Rceiorfs Discrciionary Fund is 10 bc spcni assisiing mcmbcrs of Ihc Abbcy Communiiy cxpcricncing iimcs of
hardship.
The Fabric maintenance tund is money received from Bath Abbey T￿st specifically to mttt the costs of Fabric
maintcnancc of Bath Abbcy.
The Alphege Window hnd represents monies received trom a thndraising appeal to create a new stained glass window
to honour Bath-bom Si Alph¢ge.
The Choir Stalls fund is monies received towards the manufaciure and installaiion of new Choir stalls in the Abbey.
The National Archive fund is tiinding for a research project using newspaper archives to provide volunteer training, a
wcb sitc, and cvaluation.
The Root'fvnd is rnonies received tor re-roofing the Abbey.
The Music (former endoivmenil fund is a capiial donaiion receii'ed by the PCC ￿,hICh in previous years had been
incorrectly classified as an Endowment and has now been correctly classiti¢d as a resiricted fund.
The Footprini HLF asset fund rwresellts the arnount of the Fooiprint development capital costs funded by grants trom
the H¢riiage Lottery Fund.
The Footprint asset tund represents the amount ot the Footprint Development capital costs fvnded by monies received
specifically for th¢ Footprint development programm¢.
31

Btsth Abbey P*rochial Churth Courttil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
25.
Analysis of charitable funds (conliKM¢d)
Restricted funds
Th¢ Piano fi]nd and th¢ Fabric proj¢cts capital fund aT¢ both moni¢s T¢¢eiv¢d whicli hav¢ b¢¢n utilised to purcliase
specific capital assets.
The Diptychs w¢r¢ PUT¢h&gd using donat¢d funds wh¢r¢ the donor5 placed T¢Stridions on th¢ir disposal.
Th¢ National Lotl¢ry H¢rilag¢ Em¢rg¢ncy Fund gnd the Culture Recovery Fund for HeTitag¢ w¢r¢ grants awaTded to
Bath Abbey in 2020. The balanc¢s r¢rnaining in these funds T¢PTesent ¢apilal assets purchas¢d by the grant tnonies.
EndOW￿ent fund5
Gains and
At
losscs 31 Dec 2025
At l Jan 2025
Ineomc
Expcnditurc
Transfcrs
Currertl veur
Music
155,048
1148.850)
16,1981
Gain% aiid
105ses
At
31 Dec 2024
At l 2024
Income
Expenditure
TTansfet
Piior vgoy
Music
151,579
3,469
155,048
It was identified during ihe year that a capiial donaiion received many years ago by ihe PCC had been incorrectly
classiffi¢d as an endowment. It has now been co￿¢¢t1Y classitjed as a restricted knnd.
26.
Analysis of net assets bett*'ee]J funds
Unr¢strict¢d
Funds
Restricted
Funds
Endowment
Funds
Total FuThd5
2025
Cui'YeFttyear
Tangihlt fixed &*4¢ts
Inveslinents
Nel Lutrent aSsetS
Credito[% gtealei than l yeaT
190,389
1,941,508
148,850
160,936
2,131 197
148,850
2,28J,751
2,122,815
Net assets
2,313,204
2,251,294
4,564,498
Unr¢strict¢d
Funds
R¢strid¢d
Funds
EnJo￿￿nent
Funds
Total Funds
2024
Intangible assets
Tangiblt fixed &wts
Iiiveslments
Nel current asset
CredilLTrts ¥￿￿tel thon l yeaT
169.826
,991,424
2,161,250
155,04S
680,343
1175,0001
155,04S
599,963
I175.￿0}
80,380
Net assets
594,789
2,071,804
155,048
2,821,641
27.
Analysis of changes in net debt
At l Jan 2025
Cash flows
Al 31 Dec 2025
Cash al ballk and in haiid
911,721
1,393,278
2.304,999
32-

Btsth Abbey P*rochial Churth Courttil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
28. Operating Ica5C COllJtiiitmcnt5
The total future rniniinum l¢as¢ paytnents und¢T non-can¢ellabl¢ operating l¢&s¢s ar¢ as follows..
2025
2024
Nul later than l year
Later Ihan l ycar and noi latcr ihan 5 ycars
Latcr ihan 5 ycars
37,061
131,108
24,473
52,490
49,800
184,669
126,763
29. Contlngencles commItments
At the year end the Abbey had paid a deposii for Liturgical Furniiure which is being designed and will be made and
delivered in 2026. The lutal LOtitrnLI value is apP￿XItn￿1eIY £150k. Huwever the findl LunlTaLI value may change as the
designs develop and £20k already been paid. The balance of the Lolliraci value is payable In giage payments once
Ihe final priLe has been agreed and once a schedule (or delivery of Ihe fumilure has been concluded. The Friends of Baih
Abbey have agreed 10 grani the Abbey suffiLieni funds 10 pay lor this furniiure with some monies being received irt
2026. The Friends of Both Abbey haNe olteady gTanied £20,￿0 whieh was paid in ApTiI 2024.
30. Reloted partles
Thomas Sheppard is a direcioT and shareholder of SheppaTd & Barrow Lid and an etnployee ai Thrings LLP. There weTe
no finanLial ITansactions wilh these organisaiions Irt 2025 12024 NIL). Thomas is also ChaiT of Trusiees ai The
Amcrican Muscum & Gardcns, Bath ThcairL Trusi. Bath Ciiy fami, and a Lay mcmbcr ol Wclls Caihcdral Chapicr.
Thcrc wcrL no financial tran￿¢tiOnS ivith Ihcsc organisaiions in 202512024- NIL). Finally, Thomas Is an ambassador
of lh¥ Voiccs For Litc Charity who rchcarscd and hcld conccrts at Bath Abbcy during 2025. Voiccs of Lifc wcrc chargcd
less than £3,000 lor th￿e concerts and rehearsals during 2025.
Jcrcmy Kcy Pugh, Paittcia Roscmary Shuitlcworth and Andrcw Bragg arc Trusiccs of the Fricndsof Bath Abbcy. During
2025 donations from Thc Fricnds of Baih Abbcy amountcd to £43,37112024 £20.0001.
Sandra Wcbspcr {aka Sandy Forbcsl Is a Trusicc of Thc Holburnc Muscum and Chair of Si Johns Foundation. Boih
organisations arc charitics and no transactions look placc bcttvccn Baih Abbly and thcsc organisaiions during 2025
12024 NIL).
Frank Mowai is Chair of a charity eallcd BANES Carcrs Ccnirc who collaboraic wilh Bath Abbcy rc monihly Carcr
Cafcs hcld in thc abbcy. Duting 2025 thcrc w¢r¢ no financial transactions bctwccn Baih Abbcy and (his chattty12024-
NIL).
Huw Williams daughicr Emma Williams sung as a paid soprano at som¢ wcddings at Baih Abbcy during 2025. Shc
received less than £500 for ihese servic¢s12024- NIL).
Peicr Collccoit is Co Chairof Thc Ambassador Partnership LLP and Truste£ of Thc Yarralumia Trust and Thc Zamalck
Trust. During 2025 no Iransactions look placc bctwccn Baih Abbcy and thcsc organisaiions12024-NILI.
Julia Unden¥ood's husballd Rob is a Trustee of the Bath Abbey Music Soci¢ty. During 2025, Bath Abbey Music Society
I"BAMS-'I hcld various conccrts and rccitals ai Baih Abbcy and BAMS paid £9,225 10 Bath Abbcy12024- £12,565)..
Evelyn Lee-Barber is a director of Celb Ltd. During 2025 no tinancial transactions took place between Bath Abbey and
Celb Ltd12024-NILI.
Phil Burge is the Treasurer ot'the Bath Geological Society. During 2025 there were no financial transactions between
Bath Abbey and ihe Bath Geological Society12024- NIL).
Mr Tim Westbrook is a Trustee and donations have been received through Bath Abbey for Tim's work with poorchildren
in Sri Lanka amounting lo £3,875.
-33-

Btsth Abbey P*rochial Churth Countil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
Mlsslon Support pavments summary 2025
Ch*rltable glvlng
Ukrdine
258
Monics rdiscd through visitor and
congr¥8ation donations on Ihc Abbcy floor
258
Indii'iduals- Mission Links Partners abroad
Grdnis to cnablL mission work in Sri Lanka
Grants to enable Tnission work in ZaTnbia
3,875
190
Monics rdiscd through visitor and
con¥Tegation doiialiuns oil the Abbey floor
4,065
Instltutl(FllS
Supp(Frtlng...
Mission sUp￿rt Partiiei.. Genesis
424
Outreach work in Bath
Mission Support Partner.. Dream Centr¢
944
PTovide schoolin¥ in slutns in Mumbai.
Mission suP￿rt Partner.. Arocha
409
Advocdcy, awareness raising, leaching
SLTrurces fLTrI addTes5inE Inipacls uf Llirnaie
change, adv￿ating foT mote sustainable
Iifesiyles WOTldwide.
Mission Support Pariner.. Ripple Elfe£i
386
Traiiiing of fannet% in Zainbia.
Totsl Mission Link5 expenditure
Anilysls of donations
Local
Inl¢mational
424
6,062
-34-

Btsth Abbey P*rochial Churth Countil
Notes to the FlnantlAI StAtementS (conrinued)
Year eTLded 31 Deeember 2025
Mlsslon Support pavments summary 2024
Ch*rltable glvlng
Ukrdine
Bath & Wclls DBF rc Zambia- Pcntceosi Appcal
Israel mission- Pcrticcosl Appeal
12,550
3,849
Monies raised tlirough visitor and
congregation donations on the Abbey floor
and through the sale of lapel ribbons.
Indii'iduals- Mission Links Partners abroad
Grants to enable mission ￿'ork in Sri Lanka
1,875
19,315
Institutions
Mission sUp￿rt Partner.. Wycliffe Bible Translations
Supporting...
LiteTaLy projeLts and bible Iraiislalion WOTk
in Cainetooii and Togo, gii'ing people
literature in IheiT'niother ton¥Lie'
,510
Mission SuP￿rt PaTttiei". DreaTn Centre
1,744
Provide schooling in slurns in Mumbai
mi￿￿10￿ Support PJrtneT.' ATocha
19
Advocacy. awarelless raising, teaching
resources for addressing impacts of cliinate
change, advocating for more susrainable
Mission Suppon PartneT.' Waloto Child Car¢ Ministries
Rescue and raige children in & loving fatnily
and empower vulnerable women in Uganda.
Mission Support PartrteT". Ripple Effe£t
676
Trainiiig of faTm¢r5 in Zambia lo improve
yields and belter care for th¢ land.
advocating and training worntn in farming
and bu8ine%£, teduciiig exclu.4ion
To improve saniiation in developing
countyics by raising funds for a ncw toilci in
arcas wilh poor sanitation faeiliiics
AdwoLacy work, ?￿'arCnc88 raising,
resoureing organisaiions 10 addrcss ihc
impaeis ot'modem slavery
Mission sUp￿rt Partner.. Toilet Twinning
1,525
Mission Suppon Parthcr.. Unsccn UK
260
Total Charitable giTring
25,660
Total Missitsn Links expenditure
An*lvsi$ of dothatioths
Local
National
Inlemational
279
25,660
-35-