THE WESTMINSTER ABBEY 1953 APPEAL FUND REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 29 September 2025 THE WESTMINSTERABBEY 1953 APPEAL FUND Charity No. 1161761 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS For the period ended 29 September 2025 Contents Trustees, Advisers and Goveming Documents Report of the Trustees Independent Examinef s Report to the Trustees statement of Financial Activilies Balance Sheet Notes to the financial statements 9-14 THEWESTMINSTERABBEY 1953 APPEAL FUND Charity No. 1161761 TRUSTEES, ADVSSERS AND GOVERNING DOCUMENTS For the period ended 29 September 2025 Trustees The Dean and Chapter of Westminster Contsct name Mr Christopher Vyse Goveming document Charitable Settlement dated 8 March 1955 status Charitable Trust Registered charlty number 1161761 The Chapter Office 20 Dean's Yard Westminster Abbey London SW1P 3PA Principal offlce Heather Cheesman Chichesler Accounling 104 Stockbridge Road Chichester West Sussex P019 8QP Independent examlner Barclays Bank plc 1 Churchill Place Canary Wharf London E14 5HP Bankers Poge I THE WESTMINSTER ABBEY 1953 APPEAL FUND Charity No. 1161761 REPORT OF THE TRUSTEES For the period ended 29 SepteM￿r2025 The Trustees take pleasure in presenting their report together with the financial statements for the period ended 29 September 2025. The financial statements have been prepared in accordance with the accounting policies set out in nole 1 to the accounts and comply with the charity's trust deed. the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland {FRS 102) as it applies from 1 January 2019. The legal and administrative infomation set out on page 1 forms part of this report. Structurei governance and management The Westminster Abbey 1953 Appeal Fund is an unincorporated trust registered with the Charity Commission and was created by trust deed dated 8 March 1955. It was set up to raise funds to support ils declared objectives, which include grant giving. The Trustees at the date of Ihis report are detailed in the legal and administrative information set out on page one, which forms part of this report. The Charity is the Trustees incorporated as a body. The Dean and Chapter are a body corporate, each member appointed by the Crown. As Trustees, they are given infom)al Iraining as part of their induction to the Charity. This training involves explaining the Trustees, responsibilities and explaining to Ihem the role they are expeGted to take and the involvement in the Charrty that this entails. The Trustees meet at least once per year to discuss matters relating to the Charity's performance. None of the Trustees receive any remuneration for their role.. day-to4ay financial transactions relating to the trust are overseen by the staff at Westminster Abbey. Objects and activltlgs of the Charity The main objectives of the Trust are.. To provide funds to meet the cost of repairs and maintenance to the fabric and precincts of Westminster Abbey, but not residenaes. To support the Abbey's Choir School To maintain the provision of religious seNices at the Abbey The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's objectives and in planning future activrties and setting the grant making policy. The policy for grants states that expenses should be pertaining to fabric and upkeep. Page 2 THE WESTMINSTERABBEY 1953 APPEAL FUND Charlty No. 1161761 REPORT OF THE TRUSTEES (Conllnuedl For the period ended 29 September 2025 Publi¢ benefit The Trustees believe the objects of the Charity meet the 'purposes test, for public benefit. as set out in the Charities Act 2011. The Trustees refer to the guidance contained in the Charity Commission's general guidan￿ on public benefit when reviewing the Charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set. Aims and strategies for achlevlng obAectlves The aim is to deliver sufficient income from investments to contribute to the objective3 Set out above. Flnanclal rovlew and achlevements of the year The total resour￿8 of the Trust amounted to £11.804,849 as at 29 September 202512024.. £10.967,902). Net income amounted to a surplus of £198,897 {2024.' surplus £158,146). Reserves pollcy The level of reserves is primarily detemiined by the non-expendable EndowTnents within the Charity and additions to these should Ihe Abbey not b8 in requirement of funds in the short term. During the year, £Nil of investments We￿ dispo$8d of (2024.. £Nil). At the reporting date, the Trust had funds of £11.804,840. of which £11,248,209 relates to endowments left to the Abbey and £556,631 relales to restricted funds. No grants were issued during the year. The investments returned gains of £638,041 (unrealised) and investment income of £194,438. Of the expendable restricted funds, £294.699 is available for maintaining the fabric of the Abbey and £208,100 for offsetting the running costs of the Choir Schoo1 A further £53.832 is available for expenditure on the religious activities of the Abbey., alternatively, this can be applied to supporting the Choir School or maintaining the fabric of the Abbey. Page 3 THE WESTMINSTERABBEY 1953 APPEAL FUND Charlty No. 1161761 REPORT OF THE TRUSTEES qcontlnuedl For the period ended 29 September 2025 Investment policy The investment objective of the Trust is to maintain the real value of tts capital, al the same lime ensuring that income returns are maximised. thus providing adequately for Ihe charitable work to which the Trust is committed. To achieve this objective, the Trustees have invesled the funds of the Charity through the Investment Pool of Westminster Abbey. which ensures that investments are reviewed on a regular basis. The prin¢ipal source of income for the Trust 18 Investm8nt income generated by units in the portfolio managed by Westminster Abbey Investment Pool. The Investrnent Pool's ethical policy follows the praclices recommended by the Church of England's Ethical Investment Advisory Group- in addrtion. the funds held are subj-ect to an annual ethical review. The Trustees aim to distribute the net income of the Trust to support the Trust's charitable objectives. Where income is not distributed, it is reinvested to grow the capital and future pclential income generated from investments. Rlsk managemenl The Trustees have assessed the major risks to which the Trust is exposed and are satisfied that systems are in place to mitigate the Trusfs exposure to them. The greatest threat is a significant downlurn in the Stock Market. The Trust's funds are managed as part of Westrninster Abbey Investment Pool. The Investment Panel. comprised of independent members all with appropriate 18vel of financial experience. meets quarterly to review perfomance and advise the Trustees Trustees, going concem assessment The Trustees consider the Trust to be a going concem as it continues to have positive fund balances, has a negligible cost base whilst al the same time continuing to provide financial support to Weslminster Abbey. The Trustees exped il to do so for a period not less than 12 months from the date of signing of the financial statements. Page 4 THE WESTMINSTERABBEY 1953 APPEAL FUND Charity No. 1161761 REPORT OF THE TRUSTEES Icontlnued) For the period ended 29 September 2025 Statement of Trustees, respongibilitses The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generpjly Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resource5 and applicalion of resources of the charity for that period. In preparing these financial statements. the Trustees are required to- select suitable accounting policies and then apply them consistently., observe the methods and principles in th8 applicable Charities SORP., make judgments and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject lo any malerial departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that di5¢1ose with reasonable accuracy at any lime the financial position of the ¢hartty and enable them to ensure that the financial stalemenls Comply with the Charrties Act 2011, the Charities {Accounts and Reports) Regulations 2008 and the provisions of the charitable settlement. They are also responsible for safeguarding the assets of the charily and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf by.. io The Very Reverend D Hoyle The Reverend DJ Stanton Date.. Page 5 THE WESTMINSTERABBEY 1953 APPEALFUND Charlty No. 1161761 INDEPENDENT EXAMINER'S REPORT For the period ended 29 September 2025 I report on the accounts of the Trust for the year ended 29 September 2025, which are set out on pages 7 to 14. As the charitrfs trustees. you are responsible for the preparation of the a￿unts in accordance with the requirements of the Chari118s Act 2011 ('the Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Acl and in carrying out my examination. I have followed all the applicable Dlrections given by the Charity Commission under section 14515)(b> of the Act. I have completed my examination. l Gonfirm that no material matters have come to my attention in connection with the examination (olher than that disclosed below") which give me cause to believe that in, any material resp6Ct'. the accounting records were not kept in accordance with section 130 of the Charities Act., or 2. the accounts dSd not accord with the accounting records.. or 3. the accounts did not comply with the applicable requirements concerning the fom) and ontent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as partof an independent examination. I have no concerns and have come across no olher matters In connecllon with the examination to which attention should be drawn in this report in order to enable a proper understanding of th8 accounts to be reached, Heather Cheesman Chichester Accounling 104 Stockbridge Road Chichester West Sussex P019 8QP Date.. 17, July2026 Page 6 THE WESTMINSTERABBEY 1953 APPEAL FUND Charity No. 1161761 STATEMENT OF FINANCIAL ACTIVMES For the period ended 29 September 2025 Re$tricted Endowment funds funds Total fund5 Total funds Notes 2025 2024 Income and endowments Interest Received 4,459 194,438 4,459 194.438 197 Investments 157,949 Total Income and endowments 198,897 198,897 158.146 Resourc￿ Expènded Grants made underthe Scheme Bank charges Total Resources Expgnded 131 Net Income I (Expendlturel before Galns I ILo$8e81 on Investments 198,897 198,897 158,143 Galns I (Losses) on Investments 2,852 635,189 638.041 1.259,681 Net Income I (Expendlturnl 201,749 635,189 836,938 1.417,824 Net Movements in funds 201,749 635,189 836.938 1,417,824 Fund balances brought forward 354.882 10.613,020 10.967,902 9,550.078 Fund balan¢•$ ¢arrled forward 556,631 11.248.209 11,804,840 10,967,902 All Tecognised gains and losses In the ye8r have been recognised In the Statement of Financial Activities. The results for the years as set out above have been derived entirety from continuing operations_ The notes on pages 9 to 13 form part of the financial slalements. Page 7 THE WESTMINSTERABBEY 1953 APPEAL FUND Charity No. 1161761 BALANCE SHEET As al 29 Seplember2025 Restrlcted fund8 Endowment nds Total funds 2025 Total funds 2024 Notes Non