THE WESTMINSTER ABBEY
1953 APPEAL FUND
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
29 September 2024

THE WESTMINSTERABBEY 1953 APPEAL FUND
Chaiity No. 1161761
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
For the period ended 29 September 2024
Contents
Page(s
Trustees. Advisers and Goveming Documents
Report of the Truslees
Independent Examinerfs Report lo the Trustees
Statement of Fin8ncial Activrties
Balance Sheet
Notes lo the financial statements
9-14

THE WESTMINSTER ABBEY 1953 APPEAL FUND
Charity No. 1161761
TRUSTEES, ADVISERS AND GOVERNING DOCUMENTS
For the period ended 29 September 2024
Trustees
The Dean and Chapter of Westminster
Contact Trame
Mr Christopher Vyse
Governing document
Charitable Settlement dated 8 March 1955
Status
Charitable Trust
Registered charlty numbér 1161761
The Chapter Office
20 Dean's Yard
Westminster Abbey
London
SW1P 3PA
Prln¢lpal office
Heather Cheesman
Chichester Accounting
104 Slockbridge Road
Chichester
Wesl Sussex
P019 8QP
Independent examlnor
Barclays Bank plc
1 Churchill Place
Canary Wharf
London E14 5HP
Bankern
Page I

THE WESTMINSTER ABBEY 1953 APPEAL FUND
Charity No. 1161761
REPORT OF THE TRUSTEES
For the period ended 29 September2024
The Trustees take pleasure in presenting their ￿P)rt together wth the financial statements for
the peri¢>J ended 29 September 2024.
The financial statements have been prepared in accordan¢e with the accounting policies set
out in note 1 to the accounts and compty with the charity's trust deed, the Charities Act 2011
and Accounting and Reporting by Chanlies.. Statemenl of Recommended Practice applicable
lo charrties preparing their accnunts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021 as it applies from 1 January 2019.
The legal and adminislralive infomation set out on page 1 f￿nS part of this report.
Structure, governance and managemgnt
The Westminster Abbey 1953 Appeal Fund is an unincorporated trust registered with the
Charity Commission and was created by twst deed dated 8 March 1955. It was set up to raise
funds to support its de¢iared objectives. which include grant giving.
The Trustees al the Oale of this report are detailed in Ihe legal and adminislralive information
set out on page one. which fomis part of this repcKI. The Charity is the Trustee$ incorporated
as a body.
The Dean and Chapter are a body corporate, each member apFointed by the Crown. A8
Trustees, they are given infomial training as part of their induction to the Charity. This training
involv85 explaining the Truslees. responsibilities and explaining to them the role they are
expected to lake and the involvement in the Charity that Ihis entails.
The Trustees meet al least once per year to discuss matters ￿lating to the Ch8riWs
performance.
None of the Twslees receive any remuneration for their role,. day-tcpday financial transactions
relating lo the tru51 are overseen by the staff al Westminster Abbey.
Objects and actlvltles of th• Charlty
The main objectives of the Trust are..
To provide funds to meet the Cost of repairs and Maintenan￿ to the fabri¢ and precincts
of Vvestrninsler Abbey, bul not residencies.
To support the Abbews Choir School
To maintain the prowsion of religious seNices at the Abbey
The Trustees confinn that they have refeThed to the guidance contained in the Charity
Commission's general guidance on publi¢ benefit when reviewing the Trust's objeckives and
in planning future activities and setting the grant making policy. The policy for grants stales that
expenses should be ￿rtaInIng to fabric and upkeep.
Page 2

THE WESTMINSTERABBEY 1953 APPEAL FUND
Charfty No. 1161761
REPORT OF THE TRUSTEES {continued}
For the period ended 29 September 2024
Public beneflt
The TTuslees believe the objects of the Charity meet the 'purposes lest, for public benefil, as
sel out in the Charities Act 2011. The Trustees refer to the guidance contained in the Charity
Commission's general guidan￿ on public benefrt when reviewing the Charity's aims and
objectives 8nd in planning its future activities. In particular. the TTUStees consider how planned
activities will contribute to the aims and objectrves that have been set.
Alms and stratogles for achieving oblectlves
The aim is to deliver sufficient income from investments to o)ntribute to the objectives set o
above.
Flnan¢lo1 revlew and a¢hlevements of the year
The total resources of the Twsl amounted to £10.967.902 as al 29 September 2024 (2023..
£9,550,078). Net incom8 amounted to a surplus of £158,146 12023.. surplus
£140,456).
Reserves policy
The level of reserves is primarity detemined by the nonoxpendable Endowments wthin the
Charity and addrtions to these should the Abbey not be in requirement of funds in the Short
term. During the year. £Nil of investments were disposed of (2023: £Nill.
Al Ihe reporting dale, the Trust had fvnds of £10.967,902. of which £10.613,020 relates to
endowments lefl to the Abbey and £354.882 relate8 to restricted funds.
No grants were issued during the year.
The investrnents retumed gains of £1,259.681 (unrealised) and investment Income of
£157,949.
or the expendable restricted funds, £181,585 is available for maintaining the fabric of the
Abbey and £127,353 for offsetting Ihe runnlng costs of the Choir School. A further £45,944 Is
available for expenditure on the religious activities of the Abbey,. allernalively, this can b8
applied lo supporting the Choir School or maintsining the fabric of the Abbey.
Page 3

THE WESTMINSTER ABBEY 1953 APPEAL FUND
Charity No. 1161761
REPORT OF THE TRUSTEES Icontlnuèd)
For the period ended 29 September 2024
Investment policy
The investment objective of the Trust is to maintain the real value of rts capital, at the same
lime ensuring thal income relums are maximised. thus providing adequately for the charitable
work to which the Trust is committed.
To achieve this objective, the Trustees have invested the funds of the Charity through the
Investment Pool of Westminster Abbey, which ensures that investments are revlewed on a
regular basis.
The principal source of income for the Trust is investment income generated by units in the
portfolio managed by Westminster Abbey Investment Pool.
The Investment Pool's ethical policy follows the practices recommended by the Church of
England's Ethical Investment Advisory Group- in addition, the funds held are subject to an
annual ethical review.
The Trustees aim to dlstribute Ihe net income of the Trust to support the Trust's charitable
objeGtive5. Where income is not distributed. it is reinvested to grow the ¢apttal and future
potential income generated from inve51mentS.
Rlsk management
The Trustees have assessed the major risks lo vthich the Trust is exposed and are satisfied
that systems are in place to mitigate the Trust's exposure to them.
The greatest threat is a significanl downturn In the Stc¢k Market.
The Trust's funds are managed as part of Westminster Abbey Investment Pool. The
Investment Panel, comprised of independent members all with appropriate level of financial
experience, meets quarterty lo review perfomiance and advise the Trustees
Trusteès, golng ¢oncem assessment
The Trustees consider the Trust to be a going concem as it continues to have positive
fund balance$, has a negligible cost base whilst at the same lime continuing to provide
financial support to Westminster Abbey. The Trustees expect it to do so for a period not
less Ihan 12 months from the dale of signing of the financial Statements.
Page 4

THE WESTh11NSTERABBEY 1953 APPEAL FUND
Charity No. 1161761
REPORT OF THE TRUSTEES Icontrnuedl
For the period ended 29 SeplembeT 2024
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Report of the Truslees and the financial
statements in accordance wlh applicable law and United lQngdom Accounting Standards
(United Kingdom Generally Accepled AcGounling Practice). The law applirAble to charities in
England and Wales requires the trustees lo prepare financial stslements for each firnancial
year which give a true and fair view of the slate of affairs of the charity and of the incoming
resources and application of ￿sOurceS of the charity for that period. In preparing these
financial statements, the Trustees are required to-.
select suitable accounling polioes and then appty ￿nSiStent￿.
observe the methods and principles in the applicable Charities SORP..
make judgments and estimates that are reasonable and prudent;
stale whether applicable accounting standards have been followed. subject lo any
material departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going concem basis unless il is inappropriate
to presume Ihal the charty will continue in business.
The Trustees are reswnsible for keeping proper accounting records that disclose with
reasonable accuracy al any lime the financial position of the charrty and enable them lo ensure
that the financial stalemenls comply with the Charilies Act 2011. the Charities (Accounts and
Reports) Regulations 2008 and the provisions of the charilable settlement. They are also
responsible for safeguarding the assets of the charity and hence for laking Feasonable steps
for the prevention and detection of fraud and other irregularities.
Approved by Ihe Trustees and signed on their behaw by.
The Reverend M Birch
The Reverend DJ Slanlon
Date..
Page 5

THE WESTMINSTERABBEY 1953 APPEAL FUND
ChaTIty No. 1161761
INDEPENDENT EXAMINER'S REPORT
For the peri¢JJ ended 29 September2024
I report on the accounts of th8 Trust for the year ended 29 September 2024, which are set out on
pages 7 to 14.
As the charitys trustees, you are responslble for Ihe preparation of the aco)unts In accordance
with the requirements of the Charities Act 2011 fthe Acr).
I report In respect of my examinatEon of the Trusfs accwnts carrfed out under sectron 145 of the
2011 Act and in carying out my examinati¢)n, I have folkNed all the applicable Dlrections given
by the Charity Commlssion urKler sectic￿ 1445)(b) of the ACL
I have completed my examInati￿. I confim) fhat no material matters have como to my attenuon In
connecllon wEth the examlnatlon (otherthan that dtsck6ed beluw") which give me Cause to belleve
that In. any materlal respect:
1. the accountlng recfflls were not kept In acc¥)rdance vAth sgctlon 130 of the Charllles Act:
or
2. the acC￿unIS dld not accord with th8 accounllng records: or
3. the accounts dld not comply wlth the appllcabte requlrements concernlng the fomi and
content of accountsset out In the Charltles (Accounlsand Reports) Regulation5 2008 Other
than any requirement that the accounts gNe a 'trug and falrf vlew whlch Is not a matter
consldered as part of an Independent examlnallon.
I have no concerns and have ¢ome aeross no other matters In ¢onneclion wlth the examinallon
to whl¢h attentlon should be drawn In this report in order to enable a proper understsndlng of tha
8ccounts to be reathed.
Heather Cheesman
Chithester ALc(wnting
1(M stockbridge Road
Chlthester
West Sussex
P019 8QP
Date: 24_07_ 2025
Page 6

THE WESTMINSTERABBEY 1953 APPEALFUND
Charfty No. 1161761
STATEMENT OF FINANCIAL ACTIVITIES
For the period ended 29 September 2024
Restrictod
funds
End¢)wment
fvnds
Total
lund$
Totsl
funds
2024
2023
Income and endowmgnts
Donab'ons
Interest Received
197
197
23
Investments
157,949
158, 146
157.949
140,436
Totsl Incomg and endowments
158.146
140,459
Resources Expended
Grants made under the Scheme
8ank Charges
(3)
{31
131
Total Re8ourc•• Exp•nd•d
13)
131
131
Net Income I IExpendlturo1 beforn
Galns I ILo88981 on Investments
158,143
158,143
140,456
GansllLos8esl on Investments
5,631
1.2S4,050
1,259,681
329,618
Ngt Income I IExp•ndlturo}
163.774
1,254,050
1,417,824
470,074
Nel Movements In funds
163,774
1.254.050
1.417.824
470,074
Fund balances brought forward
191.108
9.358,970
9,550,078
9,080,004
Fund balancos carrlèd forward
354.882
10.613,020
10,967.902
9.550,078
All recognised gains and1053es in the year have been recognised in the Statement of Financlal Activlties. The results for
the years as sel out above have been derived entirely from continuing operab"ons. The notes on pages 9 to 14 lorm part of
the financial statements.
Pège 7

THE WESTMINSTER ABBEY 1953 APPEAL FUND
Charfty No. 1161761
BALANCE SHEET
As at 29 September 2024
Restricted
funds
Endowment
funds
Totsl
funds
2024
Total
funds
2023
Notes
Non-current
assets
Investments
47,656
10.613.020
10.660.876
9.400,994
Currgnt assets
Debtors
Cash
140.436
8,$48
307.226
307.226
Current Ilab511￿89
Credilcrs
Nèt current ag$ets
307.226
307,226
149,084
Ngt assotl
354,882
10.613,020
10.967.902
9,550,078
Roprgsented by:
Restricted funds
354,882
354,882
191,108
Endowment funds
10,613,020
10,613,020
9,358,970
Totsl Charfty fundB
354,882
10.613,020
10.967,902
9,550.078
The financial statements and notes on pages 9 to 14 were approved by the Trustees and
aulhorised for issue and signed on their behalf.
The Reverend M Birch
The Reverend DJ Stanton
Dale..
Page 8

THE WESTMINSTERABBEY 1953 APPEAL FUND
Charfty No. 1161761
NOTES TO THE FINANCIAL STATEMENTS (¢ontinu8d)
For the period ended 29 September 2024
Legal Fomi
The Westrninster Abbey 1953 Appeal Fund is a registered chaiity in England and is a public
benefit entity. The address of the registered office is The Chapter Offi￿, 20 Dean's Yard,
Westminster Abbey, London, SWIP 3PA. The charity. which is registered with the Charity
Commissioners. has as rts constitution a Trust Deed.
Accounting policles
al Conventlon
The principal accounting policies adopted. judgements and key sources of estimation
uncertainty in the preparalion of the financial statemenls are as foll¢)ws=
The financial statements have been prepared undef the hi51orical cost convention and in
accordance wtih the Statemenl of Recommended Practi¢e'. Accounting and Reporting by
Charities preparing their accounts in accordance wslh Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 issued on 28 March 2018, the
Financial Reporting Standard applicable in the Un'rted Kingdom and Republic of Ireland IFRS
1021, the Trust Deed and the CharTtie5 Ad 2011.
The charity has elected lo lake the exemption from the requirements to prepare a Cash Flow
Statement due to r(s tumover being less than £500,000. as pemilled by the Slalement of
Recommended Practice ISORPI "ArLounting and Reporting by Charities" IFRS 1021.
b) Going concern
The Trustees consider the Trust lo be a going concem as it Gontinues lo have positive fund
balances, has a negligible cost base whilst al the same time continuing lo provide financial
support lo Weslminsler Abbey. The Trustees expect il lo do so for a period not less than 12
months from the dale of signing of the financial statements.
Donatlons
Donations are recognised on a ￿ceNable basis.
dl Invfrstmenl8 and Investm&nt Income
Investments are shown in the balance sheet 81 fair value. Investrnent income is recognised
on 8 received basis. Realised and unrealised gains are accounted for in the
Statemerlt of Financial AclivitEs.
e) Reallsed galns and losses
Realised and unrealised gains are a¢¢ounted for in the Statement of Financial Activities.
Realised gains and losses on investments are calculated as the difference between sales
proceeds and their opening carying value or their purchase value rf acquired subsequent lo
the first day of the financ￿1 year. Unrealised gains and losses are calculated as the difference
between the fair value al Ihe year end and their carrying value. Realised and unrealised
investment gains and losses are combined in the Statement of Financial Activities.
Grants
Granls 8re accounted forwhen either the recipient has a reasonsble expectation that they will
ceive a grant and the Truslees have agreed lo pay withoul condition or the recipient
has a reasonable expectation that they will receNe a grant and any condition attached to ltre
granl is outside Ihe control of the Trust.
Page 9

THE WESTMINSTERABBEY 19S3 APPEAL FUND
harfty No. 1161761
NOTES TO THE FINANCIAL ST ATEMENTS {continu•dl
For the period ended 29 September 2024
gl Cash
When applicable, cash is held in a current bank account and is immediately available for
meeting the objects of the Trust.
Under FRS 102 the Trust is not required to produce a cash flow statement as il is
included within consolidated financial slalements that a￿ publicly available on
Weslminsler Abbey's website.
h)
Debtors
Debtors are reccgnised at the settlement amount due.
Credltorn
Liabilities are recognised as resources expended as stsjn as there is a *al or constructive
obligation commtiting the Trust to the expendrture. All expenditure is accounted for orn an
aGcrv31$ basis.
Funds
Restricted funds relate to grfts and legacies which have been given or tequeathed to the
Trust lo be used in accordance Ihe wshes of donors or their representatives. Both the
capital and the income may only be used in accordance wsth the purposes for which the funds
were donated.
Endowrnent funds relate to gifts and legacies which have been given or bequealhed to the
Trust lo be used in aC￿rdan￿ with the wishes of donors or their representatives. The income
may be used in accordance with Ihe purposes for which the funds were donaled.
kl Flnanclal Instruments
The Trust only holds basic financial inslrumenls.
Financial instruments hekl by the Charity are classified as foll0v￿.
Cash is hekl al cost
Investrnents are held at fair value based on market value for the listed investments at Ihe
balance sheet date
Debtors are held al amortised cost u8￿g the effectNe interest method
Page 10

THE WESTMINSTERABBEY 1953 APPEAL FUND
Charity No. 1161761
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the period ended 29 September 2024
2. Invostment Income
Restrlcted Endowment
funds
funds
Totsl
2024
Total
2023
Dividends received
157,949
157,949
140.436
157,949
157,949
140,436
All divideniis received relate to restricted funds in tK)th current and prior year.
3. Grants Issued
2024
2023
None
Page 11

THE WESTMINSTERABBEY 1953 APPEAL FUND
Charity No. 1161761
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the period ended 29 September 2024
4, Investments
Restri¢t¢d Endowment
funds
funds
Total
2024
Total
2023
Market value al 30 September 2023
42.025
9,358.970
9.400,995
9.071,376
Disposa15
Gains l (Losses) nthe
5.631
1,254.050
1,259,681
329,618
Market value as at 29 September 2024
47.656 10,613,020 10,660,676
9,400.994
All investments are carried al their fair value. Investments are made in units held in the portfolio
managed by Westminster Abbey Inveslment Pool. Purchases and sales of units are
recognised al their transaction value. Under FRS102 all investments c4legorised as level 3
owing to unobservable market data.
S. Debtors
2024
2023
Accrued income
140,436
140,436
6. Credltorn
2024
2023
Accrued expenditure
Page 12

THE WESTMINSTER ABBEY 1953 APPEAL FUND
Charity No. 1161761
NOTES TO THE FINANCIAL STATEMENTS lcontlnuod)
For the period ended 29 September 2024
7. Analysis of Fund rnovements
Balance
blfwd
Balance
Clfvid
Income Expendlture Transfers
Gains
Restrf¢ted funds
1953 Appeal
General Rese￿8
39.914
131
5,186
45,944
1953 Choir School
1953 Fabric
Coronalion Fund
61.495
65.413
445
127,353
89,699
91,886
181.585
Totsl Restrlcted
191.108
158,146
13)
5,631
354,882
Endowment funds
1953 Choir School
3,889,975
521,235 4,411,210
1953 Fabric
Coronation Fund
5.468,995
732,815 6,201,810
Total Endovmients 9,358,970
1,254,OSO 10,613,020
1,259,681 10,967,902
Total Funds
9,650,078
158.146
131
1953 Appeal General Reserve
The Appeal General Reserve is intended lo be applied in the maintenance of Divine Servlces
in the Abbey, but may equalty be applied for use as set out for both of the other funds.
1953 Choir School
The Choir School fund is lo be applied lo maintaining the buildings of the Choir School and
towards meeting the expenses of lodging, boarding. teaching and clothing the choristers.
1953 Fabrlc Coronatlon Fund
The 1953 Fabric Coronation fund is used lo maintain the fabric and Precincts (excluding
resldencies) of Westminster Abbey.
The above endowment fund5 are permanent endowments as set out in the 1953 Trust deed.
Income generated from these funds is to be used as prescribed above.
Page 13

THE WESTMINSTER ABBEY 1953 APPEAL FUMO
Charity No. 1161761
NOTES TO THE FINANCIAL STATEMENTS {continued)
For the period ended 29 September 2024
8. Related pa￿eS
Transactions with the Collegiate Church of St Peter in Westminster and its wholly owned
subsidiaries are exempt from the detailed discbsures required by FRS 102 because the
Collegiate Church of St Peter in Westminster prepares consolidated Group accoynts which
are publicly available.
The Truslees received £Nil remuneration during the year {2023.' £Nil) and £Nil expenses
were ￿1MbUrSe￿ to any Trustees dunng the year (2023.. £Nil).
There a￿ no staff employed by the Charity, wth all administration and costs borne by the
Dean and Chapter of the Ci)Ilegiate Church of St Peter in Weslminster. The indeFendent
examination fees were met by the Dean and Chapter.
9. Flnanclal Instruments
At the balance sheet date, the Charity held the following Finanryal Instrurnent8. The fair v81ue
of investments 18 determined by reference to markel value.
2024
2023
Measured a
ir value..
Investments
10,660,676
9,400,994
Measured at amo
Debtor5
140,436
Creditors
Total
10,660.676
9,641,430
Page 14