EvESH￿￿ ABBEY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEMBER 2023 cowrENTS OF THE FINANCIAL STATEMENTS Reference and Adrninistraliye Details Chalmian's Report Trustees, Annual Report Independent ExamlnÉ*r'# kèwrt Statement of Flnanclal ActI￿tIeS Staternent of Flnanclal Posltlon 10 statement of Cash Flow5 11 Notes to the Flnanclal Statements 12-16 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINSTRATIVE DETAILS Name.. Evesham Abbey Tnjst Address and Locatlon: 24 Charlton C105e EYe5ham Worcestet5hire WR114SL Tnjstees: Barrle Baldelli Ichalnnanl Christopher Bloomfleld Illzabcth 5pwKer DED Mlchael Hurst CaTmel Langrldge Hugh Banton Charlty Nurnber: 1165547 Independent Examlner.. Clement Rablohns Ltmited 111-113 High Street Evesham Worcestershlre Wft11 4XP Bankers: Charbty Ald Foundat1(￿ ICAFI Bank IS Klngs Hlll Avenue West Malllng Kent ME19 4JQ Page 1 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEAIBER 2023 CHAIRMAN'S REPORT Introduction l am pleased to report that the Evesham Abbey Trust has proceeded well over the past twelve Inont115 in securing the final phases of funding and the workforce lo largely complete the conservation, repairs and site development of the remalns of Ivesham Abbey. (￿er the past year our volunteer and community engdgemenl plan has maintaineii ils pace and activily and all our contractors have fulfilled their obllgation5 In accordance with the planned programme. The Eve5ham Abbey project wa5 concelved In 2014 aTKI It is qrntifwng for everyone Involved that we are seeing nlne years on ConCentra￿d thlnklng• ambltlon and hard work come to fruition. A5 can be seen from the attached Independently examlned accounts cash flow has presented some Issues. The Trust Is constantly playlng catch up by havlng to pay bllls prlor to recelvlng grant payments. l afft pleased to iepui I Iliai dvJylLv Llii& didwbdLk Ilie TIus1 lids Ill￿1￿%￿￿ lu ruiidlii svlvMIL diid iiirl thll IL> IlablllLlvs uii L1511V, Slte Programme Progrèss D.A.Cook Ltd. our maln contractor has Th)w largely completed the ￿StOratIon work5 of all the wa115 and sianding structures In accordance wbth the requlrement5 of Historic England. We acknowledge the addltional contributlon that Hlstorlc England and Th• Nallonal Lotlgry H•rllag9 F￿}d has mad• towai'ds the fundlng of the work5 on the internal 50ulhern wall slructuie, a 55gnlflcant contiibullon thai has Ereaily enhanced the vlsual and structural Inlegrlty of th15 feature. Wh115t Ihere are stlll rnlnor works to complete alongslde the necessary 'snag8ln8" rectlflcatlons the Trust 15 very 5atlsfled wlth the final I'esults would Ilke to iecord thelr appreclatlon for the exemplary way In whlch D A Cook ha5 worked alongslde the Trn5l, often goln8 above and beyond thelr brlef to as51st the Trust. The Trust volunteers have W0￿ed very hard over the past twelve months vlth the Interpretlve gardens developrnent. With rnuch of the work requlrlng the hard physical labour of path creatlon, 5011 movernent, ground clearance and structure ereciion ihls worf( has requlred sthmlna, deternilnatlon and ￿510n. As a result of thelr efforts the slle now conta6￿ a Nave Garden, Stone Garden, Clolster Garden and Wlldflower Garden and also Incorporates a plcnlc area. Local 8rowers have donated plants, lawn areas lald and arbours. Trelllslnd In the Nave Garden has been erected thanks to the ass15tance of the local 'Men In Sheds" group. Wc partlcularly apprecluted thc dcdlcatlon of thc "WcdTrcsdoy DouBhnvt Gang" who have rcmalncd falthful lo the project over many year5 and deserve praise for their tenacity and comrnitment. They were joined by two volunteers from a local refugee asylum hotel who proved to be very wllling and Involved throughout tl)elr Stay with us. The one aspect of the garden5 developmeni that ha5 been of 51gnlflcani ¢oncern ha5 been the dlfflculty of ri1151ng funds foi Its ijevelowiieiit. Tlieie are very lew source5 0(8ranL fuiidiii8 for lioi IlcvlLui"e aiid ¥is. IK)th prSmary and secondary, have been actlvely engaged In a varlely of ways. Elizabeth has been a tower of strength In organlslng and runnlng these actlvltles and the Trustees are very appreclatlve of her time and effort. Our Art15t In Resldence has compleied the banners and monks hablts Illustrated wlth artwod( by chlldren and these Items are now on rour around the districi. Additionally the tvesham M15rory tapestry group has continued to develop thelr actlvltles and thelr work w511 be on dlspiay at a variety of venue5 In the comlng months. Our Cominunlty Ei)gagemenl worf(er completed hw" pwl¢xl of tenure the Trust at the end of the year and we must thank and recosnlse Natalle's work over the past two yea￿. As part of Ihcje octiwtieJ the TruJt comml3Jlon¢d rln Indepcndcnt cYDIuDtlon con3ultnnt to aJseJs the work of the Trust and a report has been produced and 15 avallable for publlc scrutlny. Addltlonally an archaeologlcal report by Avon Archaeology Is belng flnallsed and will a150 be made avallable. The Tr(Jst held an vnvelllng ceremony durlng the year to celebrate the completlon of the restoratlon works by D A Cook Ltd. whlch was attended by local dl8nltarles, suptx)rters. volunteers and trustees. The event also alluW￿ ilie ¥eriÈYal yubllL LU lliive aLLe55 tu Uie 51L¥ iv vlew wlidl Lwi dLlilev¥¢J lu Ilidl Lliiie. Flnally one of the Natlonal Lottery Herftage Fund adjudicators vlslted the slte and pralsed the work of the Trust 5aylngJ "We underesllmated the scope of the slte, how much could be achleved, the capaclty for hard work and the tenaclty of eVery(￿e Involved.. Flnanclal Statomont l am pleased to recommend to you the adoptlon of thls flnanclal report prepared by our accountant5 and Indppp.ndpnt pxamlnprs. As In Ph%t ye.ar8 we. have had to harlx)Iir niir re8tsiirrp.% rarefiilly and hhlanc.p. the r.ash flow wlth cautlon. On a project of Ihls slze and complexlty match5ng I￿Ome wlth expenditure whllst deallng wlth the Inevitable delays of dra￿ng down grant fundlng agaln5t InYolce5 ouses requlred some careful plannln8 and forethought, It 13 Indlc•tlYe of how carefully our initlal e3tlmates were colculated that our outrnn C05t of £1.2m for the total cost of the project Is wlthln 5% of our orlglnal estlmate made In 2017. The Trust has held dlscusslons ¥￿th W￿haV0n Dlstrlct Cwncll regardlng the underwrlte loan provlded by the councll and the loan perlod has been extended to flve year5. Thls Is on the undersiandlng that there may be a need to wrlte off part of the loan once flnal flgures are completed In 2024 and forms part of the transfer of thE frvEliuld uf t1￿ 51te tv tlie lun¥ t￿117 L(IlV v( It￿ Cuuiiill'b P wlth Ilmlted Ilablllty, formed under tharlty law and reBlstered solely wlth the chaTlty regulator (the ChaTity Commls51onl. structure and Management The Iru5t15 mana8ed by lis trustees vA)o communlcate reB￿allY athd meet formally at least once a month. Appolntment of Trustees Polentlal new tr￿leeS are Identlfled by fonnal dlscusslon at trust meetlngs bearlng In mlnd the experlence and 5kllls ol that person and the future requlrements ol the "I"rus¢. If that Is consldered 5ultable then an exlslin8 trustee Is nominated io coniacl thal person and discuss the work ol the Trust and their possible role. If they agree, then the rnatter Is fonnally rnlsed and voled on at a subsequent trust meeilng. Background Evesham Abbey) f￿nded c.710 was dlssolved by Klng Henry V111 In 1540. From 1664 10 2017 the slte was ovmed by the Rudge famlly. In 2014, follo￿n9 dlscusslons for a posslble clolster garden on parl of the slle, the Rudge family offered for publlc benefit the Ireehold of the Abby site Icomprislng the slte of the vlew nave and claustral ranges). The Trust took on the freehold of the "Abbey slte" In May 2017 for a nominal surn wlth a view to ￿dertakIng fabrlc conservatlon, selected archaeolo8ical Investlgatlons and developwnent of the 51te as publlc gardens for the beneflt of Evesham. ObJectlve5 and actlYltle5 for the publlc beneflt ObJo¢tlvos The twstees have complled wlth the duty on Sectlon 17151 of the 2011 Charltles Act to have due regard to guldance on publlc benefit, published by the Charlty Commlsslon. The charltable object of the Trust Is to ConSe￿e9 preseNe and Improve for the publlc beneflt the natural and rnan-made heritage coniained wilhln the slte arKI enwrorb5 of EYe5hatn Abbey, Evesham, Worce5teT5hire. The charltable purposes of the Trust relate to the advar￿ernent of educatlon and the advancement of herltage Iwlthln the rneanlng of the Charities Act). The publlc benefit is pre5ervalion alld conservation. The benefiaaries of the tharity are the general publlc. Page 5 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEMBER Z023 REPORT OF THE TRUSTEES CONTINUED The geographlcal area of the charity's benefit is Eve5ham, Worce5tershlre. The charity does not work with children or vulnernble adults. The areas covered by the TrLL%t are: ArtslCulturelHerltage and En￿rOnment/Con$e￿at1O￿IHerltaee. Achlevements and performance Actlvltles The Trust perfoms the followln8 actlvitle5: r.tsmrnls4lM anrl LJnAprfakp. rppalr. r¢)%tnratl(Jn xnd r[￿**r¥￿￿1￿n %wrlt. 2. CommIssl￿ and undertake archaeologlcal at￿ hlstorlcal research. 3. Commls51on and undertake publlc engagement actlvitie5. 4. Comm155ion and undertake garden d￿CloPMent and malntenance. 5. Underiake fund-ralslng for the above acLlvitles. 6. Mana8ement and admSnlstratlon actlvltles. Slnce the Iru5t accepted the freehold for the Abbey sSte In May 2017 It has contInL￿d to develop Its volunteer base, The trust has also been actlve In promotln8 opportunltles for a better understandlng of 11)e slgi)IflLance of Evesliam Abbey aThJ pi'omoied tlie work of ilie Trust througli Iiivolveii)eiiL li) local festivals and events, provldlng or8anlsed talks and lectures at Icol socletles and soclal groupsj as well as or8anlslns opportunltles for actlve volunteer actlvlty. Flnanclal Revlew The total funds of the Abbey have decrea5Èd durlng the year by C8,466 12022: decrease of £46,8621 leavlnH negatlve reseryes of £1.45112022: sx)sltlve reseryes of É7.0151 of whlch (9 are posltlve restrlcted funds. The bank balan¢e on 31 December 2023 was £59.049. The trustert have been actlvely managln8 the flnanclal rlsks by SLJLLessfully seLUI li1¥ a luaii exLellSluib fiuiii Llie LUUlbLIL uiiill Llie iie¥uiidiiuiis ie¥didlii¥ Ljie Iudll SeLLle111eiiL and transfer of part ol the freehold slte to thelr long-term care are complete. Thls Is further detalled In the Chalman's report. Future Dèvelopments As stated In the Chalrman'$ roporl, the next 12 months VAII Include tho completlon of the flnal dellyery pha68 of the PTO}ect and admlnlstratfve affalr5. Res?rYps Pollcy Reseryes are held to fund malntenance, Investlgatlon and development of the Abbey slte. Reserves are also held to ensure the ongoing Operati(￿ of the iru5t itself. Trustees. responslbllltles In relatlon to the flnanclal statements The trustees are re5pon51ble for prepailn4 the annual report and flrwnclal 5tatefflents In accordance wlth appllcable law and Unlted Klngdom Accountlng standard5. The appllcable law in England and Wales requlre5 the Trustees to prepare flnanclal statement5 for each yearwhlch glve a arid falr ￿e￿ of the sate of affalr5 of the charity and of the Income and Expenditure for that perfod. In preparing the flnanclal 5taternents the trustees are requlre to.. Select 5Uitable accounting polldes and apply them consistently. Observe the methods and principles of the applicable Charities SORP. Make judgtnent5 and esllTnates that are reasonable and prndent. state whether accounting standards have been followed and disdose any rpaterial departure5. Prepare the financial statements on a going concern basTrs unless it Is inatvropriate to do so. Page 6 EVESHAM ABBY TRUST YEAR ENDED 31 DECEMBER 2023 REPORT OF THE TRUSTEES CONTINUED The trustees are responsible for keeplng proper accountlng records and for safeguardlng the assets of the chai"ILy aiid takli)g reasonable sleps lor the prevL*)Iloii aiid deteCLI(￿ of frau¢J ui tsLhei" Iii"egul¢irStles. Approved by the Trustees on and slgned on thelr behalf by: Ba￿le Baldelll, Chalrman of the Tn￿lee5. Page 7 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEMBER 2023 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF EVESHAM ABBEY TRu¥r I repoit on the accounts for the year ended 31 Decemtrw 2023 for Charlty Number 1165547, set wt on pages 9tol6. Re5pectlvÈ responslbllltles of trustees and examlner The charlty's tr￿￿teeS are re5pon5ible for the preparatlon of the accounts. The charity's tru5tee5 con51der that an audit15 not requlred for this year under sectlon 144 of the Charltles Act 2011 1.the Charltles Act") and tha¢ an Independent examlnatlon Is needed. It Is my responslblllty to: Examlne the accounts under Sectlon 145 of the Charitles act, To follow procedure5 lald (1￿ In the genernl dlrectlons glven by the CharSty Commlsslon (under sectlon 14515llbl of the Charilles Act),. and To state whether partlcular matters have come to my attentlon. Basls of the Independent examlner's report My examlnatlon wa5 carrled out In accordan￿ vAth the general dlrectlon5 glven by the Charlty Cornmls510n. An examlnatlon Includes a revlew of the accountln8 record5 kept by the charlty and a comparlson of the accounts presented wlth those records. It also include5 con51deration of any unusual Items or disclosures In the accounts and seeking explanation5 from tTU5tee5 cC￿(eming any such matters. The procedure5 undertaken do not provlde all the evldence that would be requlred In an audlt and consequently no oplnlon Is glven as to whether the accounts p￿pare a 'true and falr vlew. and the rewrt Is Ilml¢ed to those matters sel out In the staternent below. Indopondont Examlnor'6 Statomont The charlty's sross Incorne exceeded £250,(￿ and l am quallfled to undertake the examlnatlon by belng qualllled iiiwiiL)er uf tlie Iiistltule LTrf CliÉirlervd ALLvuiitsiits lil Eii¥idii¢J *iii¢J W(IIv5 IICAEWI. In connectlon wlth my examlnatlon, no materlal matter5 have come to my attentlon whlch 8lves me cause to belleve that In any materlal respect: The accountlng records were not kept In accordaKe ktlon 130 of the Charltle5 Act., or The accounts did not accord with the accounting records- 01 The accounts did not comply with the apylicable requlrements set out in the Charltle5 (Account5 and Reporl61 Regulallons 2008 othgr than any rgqulremgnt ihat tho accounts gfvg a trug and falT VI•W whlch Is not a matter CO￿ldered as part of an I￿lepeNJenI examlnation. I have come dcf055 no oLher malters In connecLlon with the examlnatlon to whlch attentlL4) should be drawn In thls repoil In order to enable a proper under5tandiro3 of the accounts to be reached. P R Parsons FCA Date.. Clernent Rabjohns Llmltèd 111-113 Hl8h street Eve5ham Worcestershire WRI 1 4XP Page 8 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEtABER 2023 STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds 2023 Restrlcted Fund5 2023 Total Funds 2023 Total Fur)d5 2022 Incomlng Resources DoThatlons 2,6(Xl 850 Charltable actlvltles.. Other Income External grant fundlng 3,388 233,501 3,388 258,586 4,788 612,053 25,085 Total Incomln8 Resources 237,889 26.685 264,574 617,691 ResourcÈs Expènded Charllable a£llvltloE 241,183 31,SS7 273,040 664,553 Other resource5 expended Total Resources Expended 241,483 31,557 273,040 664,553 Net Incomellexpendlturel 13,594} 14,872) 18,4661 146,8621 Transfer between funds Ilet MoYeTnent In Fund5 13,5941 {4.8721 18,4661 146,8621 Reconclllatlon of Funds Total Fund5 brought forward 2,134 4,881 7,015 53,877 Total Fund5 carrled forward 11.4601 11,4511 7,015 Page 9 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEMBER 2023 BALANCE SHEET Urireslrlited lile Funds 2023 Tvtiil Yuiiils TuLal Fuiids Funds 2023 2023 2022 Fixed Assets HerltaRe Assets Current Assets Debtors Cash at bank 13,151 53,764 59.040 59,049 Total current assets 59,040 59,049 66,915 Credltors: amounts falllng due wlthln one year: 65,500 65,SIKI 64,900 Net current assetsllllabllltlesl 16,4601 16,4511 2,015 Total net assets or Ilabllltle5 11,460) 11,4511 7,015 Fund5 of the Charlty Unrestrlcled funds Restrlcted fLmds 11,4601 Z,134 4,881 Total funds 11,4601 11,451) 7,015 These flnanclal statements were approved and authorlsed for15sue by Evesham Trust on . Slgned on ￿half of the tM)ard of tru5tee5: Baldelll, Chalrman Page 10 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEMER 2023 STATEMENT OF CASH FLOWS 3111212023 3111212022 ash Flows from Operatlng Actlvltle5 Net Expenditure for the repordng pwlod per the Income Statement 18.4661 116,8621 Ad ustments for. Movernent in Debtors Movernent in Creditors 13.151 12 120 Net Cosh Generated from operotlor 5,285 146,7441 Cash Flows from Fln4ncln8 Actlvltle5 New Loon5 Change In Cash and Cash Equlvalents In the Perlod 5,2B5 146,7441 CdJli diid Cds11 Eyulvdl¥iil> al tli be8lnnlng of the Perlod 53.7(A 100,508 Cash an¢J Cash Equlvalents at the end of the Perlod 59,049 53,764 Page11 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEIIBER 2023 NOTES TO THE FINANCIAL STATEMENTS Summary of slgnlflcant accounttng pollcles General Informatlon and basts of preparatlon Evesham Abbey Trust Is a ChaTIty in England and Wale5. The locatlon of the Abbey Is glven In the tharity Informatlon on page 1 of these flnanclal statements. The natufe of the charlty's operatlon and prlnclpal activities fyr¢ dcjcrfbcd on the fteport of th¢ TruJt¢¢J on po8cJ 5 to 7. The charlty conslltute5 a publlc beneflt enllty as deflned by FRS 102. The flnanclal statement5 have been prepared in accordance Accounling and Reporting by Charitie5: Statement of R￿0￿mended Practlce applicable to charities preparing iheir accounts in accordance with the Final Reporting Standard applicable in the UK and Republic of Ireland IFRS f021 Issued on 16 July 2014 las updated 11)I"ougli VyLlate Dulletln 1 pub115hed oli z reby￿ry 20161, tht fii)anclal Re￿rtIlis Jtaiidai"d appliiable in the United Klngdom and Republlc of Ireland IFRS 1021. the Charltles Act 2011, the Companles Act 2006 and UK Generally Accepted Practice as it applles from 1 January 2015. The charlly has applled Update Bulleting 1, as publi5hEd on 2 Feb￿ary 2016. Tlie flrTrdllLlal sLdleirieiiLs Iidve Uli¢J￿ Lliv lilsivi ILdl LV5L LviivviILluii, Iiiudifivd iv IIiLlud certaln Items at lalr val￿, suth as Investments. The flnan¢lal statement5 are presented In sterlln8 whlch Is the functl(M)al currency of the charlly aThJ rounded to the nearest £1. The Irustees conslder Ihat there are no materlal Ur￿ertaIntIeS al)wt the charlty's ablllty to contlnue as a golng corKern. The slgnlllcant accountlng pollcles applled In the preparailon of these flnanclal statements are set out below. These pollcles have been conslstently applled to all years presented unless otherwlse stated, Funds e5tricted funds represent donatlons or 8rant5 recelved for a specinc ot*lect. The fun¢Js may only be expended on the speclllc object for whlch they were glven and any balance remallllng unspent at the end of each year must be carded fO￿ard as a balance on that fund. Unrestilrted funds are 8ene¥al funds whlch can be used for ordlnary purposes. Income Heco8nltlon All Incomlng re50urce5 are Incl￿ed In the Statement of Flnanclal Actfvltles when the Trust becomes legally enlltled to the Incorne and the amount can be quantlfled ¥￿th reasonable accuracy. Page 12 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS continued Incomo from Donatlons and Grantg Incorne from donatlon5 and grants, Ir￿l￿dIng capltal grants. are Included In Incomlng resources when recelvable, that is, when the Trust Is legally entltled to the amounts due, except as follows: l.when the dorK)rs speclfy that donation5 and grants given to the charlty must be used In future aceountlnc porfods, the Incom• Is doforr•d until those perlod£. 2. When donors Impose condltlon5, whlch have to be fulfllled ￿fore the charlty become entitled to use such Incorn8. the incorne is deferred and not Incl(￿ed In the Incomlng ￿soUrceS untll the precondlilon5 for use have been met. When donors spoclfy that donatlon= and grants, Indudln8 capital 8rant-. ar¢ for pr4rtlcuiar rcstrl¢l¢d purposes, whlch do not arnount to precondlllons regardlng entltlement, thls IrKome Is Included In Incomln8 ￿0￿rte1 of restrlcted funds when recelvable. Income tax recoverable Incomc rccoverablc on 8lft old donDtI(¥nJ 1> rcco8nlJed Ythen the Income IJ recognlsed. Volunteer Tlme The value of tlme donated by 8enernl volunteers Is not IndLbJed IFRS 102 $6.18). Expendlture rwnltlon Llabllltles are recognlsed as SO￿ as there Is a legal or ccffi5tructlve obllgatlon commlttlns the Charlty to that expendlture, It Is probable that settlement wlll bt req￿red aTrJ the amount of the obllsatlon an be measured rellably. 11 ￿￿Yell￿11￿Tr.C Is aCLuuiiicd (ui uii 1111 udls bd>l> lidb L1dJbl(1￿ uiwJ¥i Iied¢Jlii¥s LlidL aggregate all costs related to the category. Taxatlon The trust has charltable statute and thls Is exempt from taxatlon of Its Income and galns falllng wlthln S¥Lllvii JOS vr ilie TaA#s ALI 1988, tv the exteni Lhat they are applled to thelr charltable oblectlves. Herlta8e Assets A herlta8e asset Is a tanglble or Intanglble asset ￿th hlstorlcal, artlstlc, sdentlflc. seophyslcal or envlronmental qualltles that Is held and malntalned princlpally for Its contrfbullon to knowledge and ulture. Herltage a55et5 are measured Inltlally at elther thelr cost or valuatlon If donated. Page13 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS contlnuÈd Analy-l. f Intomc Actlvlty 31112123 31112122 C)rant5 Book sales Chrl3tmiJ3 Curd 3uIcJ Other Income Concert Income Donations Charitable Charitable ChtLrltobLe Chaiitabie Charltsble Charitable 258.586 377 170 612,053 338 Z75 3,219 956 850 197 2,6LXI CharStable 264,574 617,691 Charltable Actlvltles Cost Dlrect Costs Support Costs Total Charllable Z71,540 1,5(Kl 273,040 Dlrect Costs from Charltable ActI￿tIeS 31112123 31112122 Staff Costs Cusi uf Furidriilslii¥ Adverl151ng and Promotlon Insurance Archaeology Surveylng, archltecture an¢J 8arden development Offlce Costs compuier costs Bank CharEe5 Other Adrnln C05t5 2.579 3,004 18,801 774 9,148 135,337 144 Z)1 60 782 25,658 7,194 727 6,309 620,712 144 )01 81 987 271,540 663,653 support Losts 31112123 Governance Costs £ 31112122 Governance Costs £ Charltable 1,5(Kl 900 Tru5tees' Remuneratlon and Beneflts There were truslees. remuneration or other benellts for the year ended 31 De￿mber 2023 Thjr for the year ended 31 December 2022. Trustees, expenses There were no trustees, expenses pald for the year ended 31 December 20Z3 nor for the year ended 31 Decernber 2022. Page 14 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS continued Staff Costs The average monthly employees during the year was a5 follow5 31112123 31112122 No employee5 received ernoluments in excess of E60,(m ComparatlvÈs ftsr thp. StAt•mpnt ttf FlnAnrtal Ar.tivltl Unrè5trlcted Fund Reslrlcied Fiind Total Funds Income and Endowments From r)nnatlnn< and l 250 850 Charltable A¢dvltles Charltable Actlvltles 613,341 3.51)) 616,841 Total 613,591 617,691 Expendlture On Charltable Actlvltles 664,553 664,553 Net Income Transfer Between Funds 150,9621 4,11IJ 146,8621 Net moyernent In Fund5 150,96ZI 4,1()J 146,8621 Total Funds brought forward 53,096 781 53,877 Total Funds carrled forward 2,134 4,881 7,015 Debtor5: Amounts Falllng Due Wlthln One Year 31112123 31112122 Other Debtors & Prepayments 13,151 10 Credltor5: Amounts Falllng Due Wlthln One Year 31112123 31112122 90Q 64,C¢XI 65,5 64,900 The Trust has been advanced £NII12022:£NIII by Wychavon D15trfcl Councll as an underwrltlng loan to guarantee cashflows throughout the project period. Page15 EVESHAM ABBEY TRUST YEAR ENDED 31 DECEM8ER 2023 NOTES TO THE FINANCIAL STATEMENTS continued Legal Char8e5 The National Lottery HerltagÈ Fund has a legal charge oyer the freehold of the Abbey 51te for the duratlon of the PToJecl. Once the project Is complete, the d￿rge will ￿ satisfied. Rolatod Party Dl4closurc= There were no related party trnnsactions for the year ended 31 December 2023. Page 16