.'THÉ FRIENDgOF.
THE FRIENDS OF PERSHORE ABBEI Y CIO
{Origlnally Koiinded by Dr W, T. FarncoEnbe in 1931)
Registered Charily No. 1193273
PATRONAL FFSTIVAL OF THE HOLY CROSS
Ivith
ANNUAL FESTIVAL OF THE FRIENDS
will be held in
THE ABBEY CHURCH OF THE HOLY CROSS
On
Sunday September 15th 2024
The Preachei. will be Ihe Rev'd Canon Claiie Lording, Vicar of the Pershore Benefice
10.30am: Sei'vice in the Abbey
Followcd by: Fi'icnds, Aiuiual Geiiei'al meeting to be held in the Abbey
Followed by: Lunch to be held at the Angel Hotel
ANNUAL GENERAL MEETING
AGENDA
I, Welcome
2. Apologyies-Honorary Secretary
3. Approval of the Miniites of the last AGM
4. Pi'esentation of AnnLial Repoit aiid Chairtnan's Repoit - Executlve Committee Chairman
5. Annual accoiints-Honorary 'Fieasui'ei'
EleLlion of offkcers..
Honorai'y Ti'easuiEI'
b. Honoi'ary Seci'etaiy
Honorai'y Membership Secretaiy
7. Electioii of Ti'u5tees
8. Any Otli¢r Biisiiiess (to be advised in advance of tke meeling io the Honorarji Secretary by Isi SeJ?ten7bep'
2024)

THE FRIEND5 OF
PERSHORE ABBEY .
Ch&*r-.,ble IncLhVDr-a 0￿151i￿llID
PO Box 46, Pershoi'e WR10 aYDI
charity Nu.. 1193273
Annual General Meeting of the Friends of Peishore Abbey CIO
Held at Pe13hore Abky
12.OOnoon Siinday l O, September 2023
Minutes
l. Welcome
Sir Miohael Peiry. President, welcomed everyone to Ili¢ mceting.
Reverend Canon Claire Lording gave an opening prayer.
2. Apologies
Tl)e names of tliose meiiibei's who had sent tlieir apologies liave bcen recorded by Erica Norloi) (Honorary Secretaiy)
atLd a list of thes¢ meinbei'5 LS relaiiied with the miniitcs of the Ineeting.
3, Appyoval of Minutes of the previous AGM held on S, Novembei. 2022
There Nvere no matteTS ai'ising. Approval of Ilie Miiiiites ivas pi'oposed by Fenella Smytlie, seconded by Lady Cai'olin¢
Harford alld unanirnoiisly appi'oved.
4. Pre8enlation of Annual Report2023 ChAirman's Report (Exeeutive Committee Chairman)
Michael Hodges piEsented the Annual Report 2023 previoiisly circiilated to menibers.
Michael Hodges introdiiced tlie TrLlStees of FOPA CIO lo tlie niecting and detailed thcir meeting schedule of four
Eyeciitive Coii)mittee meetings and four Finance & Iiiveslinenl Committee tn¢etings pei. aniiiim.
He paiti¢iilarly thanked Diincaii Cadbuiy aiid P¢tei' Dani) togetliei. willi an external consiiltant for theii. assistance iii the
selection piocess wliich led to tlie appointment of LGT Wealth Managemeiit wlio are taking over fiDm Evelyn (Fomiei'ly
Tilney Sniiili & Williainson) in maiiagin¥ FOPA CIO iiivestmenls. Ai tl)e saiiie time, lie I'efei'red lo oiir i)eiv Accoiintants
Aiiwoods, a local cotnpai)y who were berter able to ineet our needs tliaii theii. pi'edecessors as evideiiced by the tiinely
production of the ciii'i'ent Ani)ual A¢counts.
He fiiithei. Ihaiffted Robin Wliiltakei. for taking on tlie role of pmduciiig th¢ Annual Report in a timely and piofessional
Inanner.
Micliael Hodgyes also tliank¢d Trus1¢¢5 foi. Iheii. as8lStaiice ivith Ilie 2023 Memorial Lectui'e ￿'¥&ngeMentS foi. oiir Spe&kei'
Robert Lacey. He asked M¢inbers foi. any suggestioiis regai'ding a 2024 Speakei-.

Mi¢h4iel Hodges sw)ke of the Nyondei'ful neivly installed Abbey pipe organ largely flinded by FOPA CIO and the
dedication. liayd ivoi'k, and tenacity of PCC Fabi'ic Committee Chair David Long who had taken a vital lead itt this
pi'otract¢d project. He said tlial David had now also stood doivn froni this position and also f￿￿[ll his i'ole i'epi'esellting
tlie PCC at FOPA CIO Execiitive meeling￿S. He tbaDked him for his ex¢¢llent commitment and invalliable contribiilions
to th¢ Nvork of the Exc¢ulive coinmittee. Dr.Jiidy Dale has now been appointed by tl)e PCC as Chair of thc Fabrie
Committee. As a member of Ihe FOPA CIO Execiitive committee, Di. Dale has been able to spend considerable time and
energy on thc ivoi'k reqiiired in p1'ep￿.Ing PCC funding bids foy the Conimittee to considei..
He spoke of the completed Abbey projects siippoi'led by FOPA CIO during the irpoiting ycai., the detail of Ivhi¢h is
Èncliided in the Aniiual Repoit. Whilst the new pipe oi'gan represented the most Signifi￿nI pi'ojeut maiiy oth￿7 have
also beeii siipporled and ¢oinpleted during Ihe yeai. as secn in the Annual R¢porl.
He concluded by thanking the memb¢rs of the Friends of Pei'shore Abbcy for their continued pvdyer, financial and
physical support.
Sii. Mi¢ha¢l suggcsted any qiieslions be put to the Chainnan and Ti'easiirer after tlie Treasiirer's report. Both i'eports
COLild then be jointly approved.
5. Annllal Accounts 2023- HonorAry Treasurer
The Honoraiy Treasurer, P¢lei' Dann, presented the 2022123 Accounts ivhich were Èn¢liided in the AEmual Report aiid
had been pieviously circulated ta Members having been approved by tlie.l.n￿tees. He notcd that thcsc wci'e lh¢ secolld
year's accoun15 of Ilie iiew Chai'ilable Incory)orat¢d Organisation.
He di'ew alt¢ntion to Ilie General fund ivhi¢h was valued at £2,732,950 at the year-end as compai'ed ivith the previous
year of £3,260,71 O. Net losses on invgslm¢ni fiiiids lolalled £200,703.00 and conipris¢d I'ealised gains of £254,760.00.
The iinrealised losses of £455,221.00. He said that the ll￿.¢￿11$ed losses refl￿ted the fall in the market value of Olir
inve%tiiieiits. Tliese reflected tlie inipact on UIC mai'kets of the Russi&Vkraine ivai., overall world markets and itÈflation.
Jt was noted that these losses may bc i'¢vei'8ed shoiild the niarkets r¥Lov¢r.
Wiiile tliei'e had osteiisibly been a di'amati¢ iiici'ease in biiying and selliiig during the year tliis is expliined by the traiisfer
of investments fi'om Evelyn lo LGT Wealth MaThagement and th¢ i'einvestm¢nt of flinds i'epr¢s¢nted.. -
A shift lo a fully siislainable invesltnent strategy,
A planned moveinent fioin UK equiti¢s to a niore global orientation
A planned I'ediiction of illveslment in equities to othei. investments
The fact that ¢ertaiii classes of investments could not be Ii'ansfei'red so Iliose investtnents were sold ¥?nd the cash
rcinvested.
He advised members of the grdnts made to the PCC ivith the ttew pip¢ oi'gan accoiinting for a significant propoition of
the yeai s ￿'ants. All gi'ants madc diii'ing th¢ yeai. are detailed in Nolc 3 ot the Aceoiiiits.
Tl)e Honorary Ti'easiiiEI' Inadc a final point regarding year end receivables ivhicli had increased from £2,455.00 in 2022
10 £42.812.00 in 2023. £40,000.00 I'epresented a loan lo tlie Abbey PCC lo assist in the flinding of UK VAT on the
iinport of the pipe organ. It was reported tbal Ilie VAT ivas subseqiieiiÉly I'ecoveird by the Abb¢y PCC throiigh the
relevaiit ¥ovei'tunenl scheme Rnd the loan repaid.
There werc no qiieslions following tlie pi'eselllalion of cither the Cliaii'tnall's oi. the Treasurei s I'eports. Sii. MiclLgel
thanked Michael Hodges aiid P¢l¢r Danll.
Approval of tliese r¢ports was pi'oposed by Mattliew Horton, seconded by Lesley Faiilkner, and iin8niii)oiisly approved.
6. Election of Presillent.
Sii. Michael passeil the Cbaii. to Micliael Hodgeg ivho advised Il)¢ ineeting that Sii. Michael, who bad held Ihc chaii. sincc
2012, had decided lo sthi)d doiNM.
Mieliael Hodges proposed that Diincan Cadbuiy Should lake oil the role which he had agreed lo do siibje¢t lo tlie decision
of tlie AGM. Th¢iE w¢i'e iio other nominations, and Il)e iiie¢liiig iitLaniinously appYov¢d this appoitittnent.
He Ilien r¢liini¢d tlie Chair to Sii. Micliael.

7. Election of Offi¢ers
Honorary Treasui'er- Petei. Dann - Unopposed and unanimoLisly approved.
Honoiary SeciEtaiy- Ei'ica Norton- Unoppos¢d and iinai)linoi￿IY appi'oved.
Honorary Miniitiiig Seci'etary- Vacant post. A voliinleer or nomiiiation was sought by Michael HodgJes to tak¢
on this post.
8. Electlon ofTru5tee5
Sir Michael P￿lY gained consensus that there shoiild b¢ a single vote for all eleveii 202312024 Ti'ustee nominees..
Judith Mary Dale
Peter Dann
Marga￿t M Goodrich
Michael Hodges
Sai'ah Ingles
Ertca Norton
Jonathan Sington
Martyn E Spence
P&tYi¢ia Steel
Robin Whittaker
Helen Whilwell
These nominces were unanimoiisly approved and duly elected.
9. AOB
No Otliei. Business had been notified and none broLight up at the meeting.
Michael Hodges then gave a wam) Iribiitc and foiynal vote of thanks lo Sir Michael PetTy for his invalual)le contribiition
to the work of FOPA CIO dLiring his cleven-yeai. leniwe of offic¢- during whicl) lime his expei'ieiice and ivise coiinsel
had been ￿'aterIll1Y received on many occasions. Ile said that these past I l years had seen several ¢lianges cii]Jninaling
in our conv¢i'sioll to a Cliai'itable Incoi'poi'aled Organisation (CIO) and tlie instAllation of a new pipe oigan into the
Abb¢y. Sii. Michael Perry's leadeiship and wisdom had been invaluable. He welcomed Diincaii Cadbiiry lo the role.
On behalf of FOPA CIO Diincall Cadbiiry then pirsented Sir Michael Nvith a fl'amed print of Pei'shoiE Abbey painted by
local artist Jilly OxIade-￿'ll0tt.
10. Date of Next Annual General Meeting
Sunday 15 Septembcr 2024
Sir Mi¢l)ael Iheii thanked all present for attendittg ai)d moved to close the Ineetiiig.

REGISTERED CHARITY NUMBER: 1193273
Report of the Trustees and
Annual Report
for the Year Ended 5th April 2024
Attwoods
Pen'ott Hoiise
17, Bridge Street
Pei'shoi'e
Woirs.
WRIO IAJ

FRIENDS OF PERSHORE ABBEY CIO
Contents of the Finaneittl Statelnents
for the year ended 5th April 2024
Pagc
Reference and Administrative Details
Ito3
Chaimian's Report
Vicai's Report
Report of the Tiuste¢s
Independent Examiiier's Report
io
Statement of Fiiian¢ial Activities
Balai)ce Sheet
12
Nol¢s to the Financial Statements
13-17

FIUENDS OF PEI RSHORtI ABBEY CIO
Refeiyllce and Adminlstrative Details
for the Yeai. Ei nded 5tli Api'il 2024
President
Duncan Cadbiiry
Tj'ustees
The below seived in otTice a5 Triistees tliroiighoiit the year..
Elected Executive Committee
Dr Jiidith Dale
Mai'garet Goodrich
MAchael Hodges (Chtsirman)
Sarah Ingles
David Long
Jonathan Sington
Maityn Spence
Patri¢ia Steel OBE
Professor Helen Whitwell
Robin Wliittakei.
Hottoi'ary Offjeers
Peter Dann
Honoi'aiy TreasLirei'
Ei'ica Norton OBE
Hotloraiy Secretaiy
Ex O￿le1￿
Vical.
R¢v'd Cai)on ClaiiE Li)I'ding
Cblli'cliiv&i'(lens of the Abbey
Siizaniie Clarke
Sainaiitha Andrew8
NB Uiidei. the teiyns of the Coiistiliilioi). the ExecLltive Coininittee sliall coiiipi'is¢ all Ti'LlStees shoivii above.

FIUENDS OF PERSHORE ABBEY CIO
Reference and Administrative Details
For the Yeai. Ellded 51h April 2024
Vice Presidents
The Bishop of Worcester
The Deatt of Westrnin5ter
The Dean of Worccster
Mi. K. S. Poysei.
Mrs B. Curtis
Mrs M. Goodrich
Mr. T.M. Hoiton
Miss A. Siallard
Mr D. WilliaEllS-Thomas
IWi3 J. Williams-Thomas
Dr J. D. C. Wilson

FRIENDS OF PERSHORE ABBEY CIO
Reference and Administr#tive Details
for the Year Ended 5tli Api'll 2024
Registered Chai'ity number: 1193273
Bankers
Lloyds Bank plc
77-81 High Street
Clielmsford, Essex, CMI IDU
Solieitors
Anthony Collins Solicitors LLP
134, Edmund Street
Binmingham, B3 2ES
Independent Ci xaminer
Liicy Watkins ACCA
Attt¥oods
Pen'ott House
17, Bi'idge Street
Pershore
Worc8.
WRIO IAJ
Investment Management
LGT Wealth Management UK LLP
14, Con)hill
Loiidon EC3V 3NR
Prineipal Office
PO Box 46
Pershore
Worcestcrshire WRIO IYN

FRIENDS OF PERSHORE ABBEY CIO
Chairman's 2024 Report
for the year ended 5th April 2024
Deal. Friend,
Our 2023 FrÉends' Menioi'i&l Lecttii'e provided an opportlinity to reneiv old acqiiRintanees. Wc hope that you Ivere
amongst those who ivei'e able lo att¢nd. It also Lyave us the opportuuity to enAble Robeit Lacey. oui. speaker, to fvlfil an
obligation made 5 years before to oiir late and much miss¢d trustee Professoi. Keith Robiiis. As hisloi'ialls, Robei'l and
Keith Nvere great friends who led contrasting careei's- Keith into edlicatioii and Robert into popiilar culture as an author
and TV pres¢nter. Robert chose the fiitui'e of the UK monarchy {a subject ivith which he is very familiar) as his topie.
He lield his audience in thrall and enabled ihe Fi'iends lo turii a healthy profit 011 the night!
The lectuiy pioved to be one of several tnemoi'able Pei'shore Abbey nights iii 2023. In addition to th¢ seR50nal ebb Rnd
floiv of servi¢¢s and concerts, tliree veiy speci81 events took pla¢¢ ill October. The liotly anticipated Organ Festival was
a IriLimph. Octobei. Friday and Sattirday evening ¢oncerts followed by memorable Siinday services allowed hiindreds of
folk from Pei3horc and beyoiid to b¢hold and hear the Abbey's fabiiloiis new Fi'atelli Riiffatti pipe organ. Th¢ Frieiids
cali be justifiably satl8ficd wÉth th¢ financial contributions tnad¢ lo the PCC that enabled tlie installalioii of this
impressive iiistriiment.
Other financial conlribEltions made diiring the year may have bcen to mu¢h less obvioiis, but no less inipoitant lo the
Abbey. These include repalls to the heating system and final conts'ibutions toNvai'ds the new LED lighiii)g which is now
ciitting eleeti'ical consuinption ivhilst brightening tlie int¢riL)i' und gxterftor of the Abbey.
The VictoriaTr Processional Cross went aNvay for repaii's at the cost of the Friends diiring the ycai. and is now
magnifi¥¢ntly clean and die straightl
Noticeboards aiid dii¢kbvaiKls have been paid foi'_ e,xamples of tlie small el¢inenls of expendittl￿ that tlie Friends are
pi'iyileged lo make.
Oil the administration fi'oiit, the Friends are well into their second yeai. of association witli ii¢w investment in8na8¢1'S
LGT. Theii. planet-fi'iendly approach to global investment is pnividing the Fi'iends iviih a steady and sustaiiiable aw]ual
it]com¢ wliilst asset valiies continiie to tlourish. These ¢onliniie to be augmented by legacy iiicome froln Friends no
loiiger with lis.
NeNv administrative systeins have also been introduced (and ¢inbraced) as Ihe Friends become a better m￿laged Charity.
Of late, membcrship niimbei's al'e in sloiv deeline and youi. trLlStees bave resolved lo addi'ess this matter with the wide
distribiilioii of a tlew memb¢i'ship leaflet lo evely holisehold iii the toTrvn.
2U25 pi'oniiscs to be a yeai. of iiciv acl)ievenienl as the PCC seek to iiivest in ways of rediiciiig th¢ Abbey's carbon
footpritit. The Friends slaiid ready to SLlPPOI't all cndeavours to do tl)is is a siistaiiiable and jiistifiable way.
Thaiik.yoii so miich for tlie prayei's and gifts that enable the Fi'iends to contiiiue to lielp oiii. beloved Abbey to floui'ish.
Michael Hodges
CILainnan of the Friends of Pei'shoi'e Abbey

FRIENDS OF PERSHORE ABBIY CIO
Vicar's Report for the Annual Report 2024 of FrAends of Peyshore Abbey CIO
It has been another busy yeai. for the Abbey and its fabrie, with mlicli work iilldei'laken and one significant achievemcnt.
Thanks to the dedication and perseverance of David Long, Pershore Abbey has a magnifi¢¢nt new Pipe Organl At the
beg7 ji)ning of 2023 oiir long-awakted new three-n]anLial Fratclli Ruffatti pipe organ made an exlraordinaiy sea voyag¢
from Padua and Venice, via tl)e Mediterraneaii sea, and the Atlaiitic Ocean, finally aiyiving in Peyshore during eai'ly
Febi'uary. Th¢ installation Nvas completed just in timc for our service cel¢bi'ations for the Coronation of King Chai'les Ill
in May. Folloiving a pei'iod of settling in and r¢finemcnls to the organ, an Organ Festival was held at the eiid of
September Nvhicli ivas enjoyed by the Fi'iends attending. Tlii5 included h wonderftil Festival Choral Con¢ert by the elioir
of Gonville & Caius College, Cambridge, led by Mattliew Mailin, Prcceiilor & Director of N(iisic, and ali oiitstanding
Festival OrLyan Recital by Robcrt Qiiinney, Tutoi'ial Felloiv of Music ai)d Associate Pi-ofessor, N¢w College Oxford. The
festiviti¢s concliided on Siinday l October with a Festival Eiicharist and Dedication of the organ with the Rt Revd Dr
Jolln Inge, Bishop of Woi'cegter. aild Festival Evensong.
The inslallalion of this superb pipe orgJan was the ciilminatioii of soine 8 years i'¢search, planning, fiiiidraisingj and
sttiictiii'al modifications to the Abbey to dlloiv the organ ¢asings to bc mouiited at tlie wesl eiid of the north trifoi'iiim and
th¢ consts'iiction of a blower room in thc north Aisle I'oof void. People fi'oni all over the coutitry have comc to see and
hear the oi'gaii in this unrivalled histoi'ic sctting - an inslLuin¢nl biiilt with lov¢, passion. expeitise and made fi'oin the
very best materials.
This pi'oject would nol have been possible withoiit the most genei'oiis fiiiaiicial 8llPPOrt provided by the Friciids of
Pershoi'¢ Abbey and those ii)dividuals ivho donated organ pipcs. We expi'ess oiir deepest gratitude lo everyone foi. their
siippoi'l.
Wiiilst oi'gan building ivas in progress, r¢giilar Abbey maintenanc¢ contilliied as far as possible. The LED ligliting
installalioii ivas completed and adjiistcd f()r tlie oi'gan pipes. Floodligliling of the towel. Ivas Lip￿￿l.aded from An ever-
chaiiging digital systein. The l¢uking vestry i'oof WRS tEpair¢d aiid ci'aoks in Éhe east wall of the v¥slry block repointed.
The flagpole ivas given an extr& bi'acket at its base and oiice slgadi¢d, the lead ¢ollar was repaii'ed to prev¢iil I'ainwater
l'eaching die belfry below. In the slimmer Inonths Ilie chequered fossil stoiie tloor in the Abbey was restored. The iiave
floor was daniaged froin inoistiii'e risiiig beiieath the pi'oleclive covers dui'ing organ woi'ks and W<iS fiiiided by olir
coiitractOKS. Th¢ vliaiicel aiid Side aisle flooi's also necdcd an iiplift, aiid this ivas succe6sliilly cari'ied out by Athena,
fiinded by the Friends. Safety netting ivas secuycd to tlJe low¢i' section of the ringiiig platfoi'ni to proteot those below.
And ii) lime loi. Ckn'istmas, the beaiiliful bi'11SS pi'occssional cross Nvas repaired diid coiiserved. This was fi￿1 used in t]ie
Abbey at Chi'islinas 1897 and bears a pluque in ineiiioiy of Di. Faill¢ombe, founder of the Fi'ftcnds.
Looking al)ead, in 2024 we aitn to I'educe oiii. carbon footprint by iinpi'oving the efficieiicy and SElStainability of the
Abb¢y lieating system.
T])e PCC is grateful foi. the constant siippoi't of tli¢ Friends, thi.oii￿ geiieroiis fiiiancial grants Rnd yoiii. interest in all
tliat we ar¢ doiiig. Tlie PCC has be¢n able to dream dreaiiis and the seemiiigly impossiblc has become possible. Tog¢ilier
we enable Ili¢ Abbey lo sland tall, a5 an e.xainple ofiiiei'edible histoi'iL aELd versatile fabric, but also as a b¢a¢oii of hope
for our commiinity aiid beyoiid. A beacon that speaks so clearly of God's liope foi. lis all.
Cai)011 Claire Loi'ding
Vicai.

FRIENDS OF PERSHORE ABBEY CIO
Report of the Trustees
for the year ended 5th April 2024
The Tvustees ar¢ pleased to pirsent their repoit together ivith the Financial Statements of the Cliarity foi. the year elided
5th April 2024.
Constitutioj)
The Charity is registei'ed with the Charity Commissioners niimber 1193273.
Objeets
Th¢ Charity's objects ar¢ ¢ontained ii) the Frieiids of Pcrshore Abbey Constitution dated 19th September 2019 (end
have been pi'escrved in tl)e new CIO Conslittition dated 20th Sepl¢mber 2020) and are as follows..
The alln of the Chai'ity shall be the preservation, i'epair, maintenai)ee, i'estoi'ation, and itnpiovement of tl)e fabric of
Pershoi'¢ Abbey in¢luding its funiiture, oii)amenls, and contents for tlie ben¢fit of the PEiblÉo,' and
The incomc of the Charity must be applied in meeting the proper alms of administei'ing the Cliai'ity and siibje¢t theiEIo
tn fvrthering the Chai'ity's aims.
Public Benefit
Tl)e Chai'ity has had irgai'd to Ltriiidance froin the Charities Commissioi) oil the provision of public benefit. The fll'st
principle i'eqiiii'es the Charity lo identily the benefits aiid the second to demunstt'ate tl)at these benefit thc public or a
scction of the piiblic. The principal obJ￿IS desciibed above identity th¢ bcnefits and thi5 repoit details liow ihe ¢liai'ity
has delivered the ben¢fits to tlie local con]mLlI)ity.
Trallsfer of assets and aetivitie5
By Oi'dei. of the Charity Cotninission dated 19 FebI￿Rry 2021, The r,rieiids of Pei3horc Abbey (charity nutllbei.
500710) Iransfei'red all asscts aiid a¢livities to The Fi'iends of PeIEh0￿ Abbey CIO (charity numbei. 1193273) with
effcct from 6 Api'il 2021.
Achievements and peyformance
In a¢¢ordaiice ivith Ilie objects of the CIO, tlie chai'ity conlinu¢s to SLlPPOIt the PCC through tlie pi'eservation, repair,
ii)aintenai)ce, IEslordlion and impLDvein¢nl nf Ilie fabric of Pei'shoi'e Abbey at Pei'shoi'e, Worcestei'sl)ii'e incliidÈng ils
fui'nittiiE, omamenls and contents foi. the benefit of tli¢ piibliti. The Cligii'inaii's and Vicai s I'epoits above set out in
ore detail the way in ivhich these objectives Nvei'e achieved dui'ii)g tli¢ ¢OLirse of the year.
Grants to Pershore Abbey
Th¢ Inistces aim to Inake grnnts available to 111¢ PCC up to tl)e fiill value of anniial investtneiil income and c811, iii
ex¢eptional circiim51ances, make graiits available exceeding these amouiits. Total gi'ants in th¢ yeai. amoiinled to
£84,631 (2023.. £369,114).
Membership Bt'ochui'e
The Frteiids of Pei'shorc Abbey bro¢l)ure is available as a hard copy at Pershore Abbcy aiid al the Friends of P¢rshore
Abbey website at: wmv.fo
a.or

FIUENDS OF PEI RSHORE ABBEY CIO
Report of the Trustees
Foi. the year ended slb April 2024
FinAneial Revieiv
As shown in the Siatem¢iil of Fiiiancial A¢livities on page I I, the cliarity's lolal income amounted to £72,892 foi. the
yeai., Ivl)ich was an increase on tlie prior year, £66,552, largcly due lo an increase in donatioiis received. The uhai'ity's
total cxpendiliire fell fiDm £393,609 to £108,492 1'eflecÉin¥ the redii¢tion in granls made, Nvhile i'calised and uni'ealised
gains on the charity's investmcnt p¢rfoi'mance achI¢V￿ net gains of £150,190 against losses of £200,703 in the
previous year resulting in a siii'pliis of £114,590 (2023: £527,760 deficit). Ai 5 April 2024 total fitnds ivere
£2,847,540. all of whi¢h were Lini'eslrkclcd.
Reserves Policy
The Trustces have ivith cffecl from 16 June 2011 adopted a Reserves Policy for inclusion with its allnual accoLinls and
trpoitiiig requirements to the Chai'ity Cotnmission. As a ￿l11t, thc Tnistees coi)sidei' the 8mount required lo I'etain oiil
of ils general income a8 a I'eseive for its general rliniiillg ¢osls is less than £5,000 per anttLim. CoiiseqLi¢ntly, all otlier
moni¢s as Cli￿entlY managed by the Ti'ustees are available to spend on its Charitable Obj¢cts.
The Tll￿tees regulai'ly Tevielv the appropriateness of the Rc8ei'ves Polkcy Nviih r¢gai'd to the cui'rent enviiDnnient in
wliich the Ti'ust opei'ates and beli¢ve the level of free I'eseives to b¢ appi'opi'late.
The Chai'ity currently has no fixed assets and no i'cstri¢ted funds.
Rislc Management
Tlie Triistees have assessed thc ii)ajoi' risks to Nvhich the Charity is exposed. especially tliose related lo th¢ operations
and finaiices of thc Chai'ity and are satisfi¢d that systems, controls and pi'ocedui'es ui'e in place to trLitÉgale ov¢i-.
exposEir¢ to these.
Investment poliey
Thc Charity Funds al'e iiivested in accordance ivith the Chai'ity's Goveming Iiistrliment and the Trllstees Act 2000.
A Wi'ttten Iiivestmenl Policy lias bceii agi'eed with LGT Wealth Manageineilt UK LLP who al'e an Aiithorised
Person" Ivitliiii the m¢#iiiDg of Ilie Fiiiancial Services and Mai'kets Acl 2000 and sets oiil (iiitei. alia) Ili¥ scup¢ and
liniitalions of die Investment Maiiager. tli¢ tai'get asset all￿all011, tlie staiidard critei-ia for inv¢slii)e&it oil a
disci'etionaiy inandate, tlie beiiehm81'kiiig and repoiting reqiiirenients and the agi'eed I'etnuneralion of the invcslment
Inaiia8er.
Such a Wi'itten Investment Policy is updat¢d aiid i'cvi¢ived from time to liine,
Investments
The Execislive Committee allocates significatEt donaÉioiis ii lid legacies to majoi. capital pi'ojects. LGT Wealth
Managemeiit UK LLP act as invcsttnent inanagei's. The Clic11'ity's ftiiids contiiilic lo be iiivested iii a balanced portfolio
to provide llicome aiid capital growtli. Tile Tnis'tees have apw)inted a sub_committ¢c to maiiage and receive advice
froin the investLneiil advisei's abolit cliaiiges iii the portfolio.
Finance And Investment Sub-committse
P¢ler Dann - Chaii'inan
Micliael Hodges
Erica Noitoii OBE
Heleo Whitwell
Paliicia Steel OBE

FIUENDS OF PERSHORE ABBEY CIO
Report of the Trustees
For the year ended 5, April 2024
Investment advice
LGT W¢alth Management UK LLP have b¢cn appointed as investment manaL*¢i's for the Friends poi'ifolio of
investments on a disci'etionaiy basis, with Miss Abika Martin acting as invesbnent managei.. Sin¢¢ liei. appointment.
Miss Martin has I'egiilarly reported kn peABOll to Ilie investment siib-committee. Th¢ chaiity's fiinds continue to be
invested in a balanced portfolio lo provide iii¢ome and capital growth. In addition, the Ti'ustecs have adopl¢d an
investment 2ppl.oach whicli fully integrntes sustainability, pi'iorilising an assessment of a business, impact on the
environment and society. Moveinents in tlie poiifolio are shown in detail in the notes to the financial stBtemenls.
Investment Pei'formanee
In 2023, the S&P500 surged 23.6ty/0, driven by th¢ artificial intelligence booin and AI'S impact on the so-called
'Magnificei)I S¢ven' techEkology stocks. These coinpanies, Ivhicli include Meta, Apple alld Alphmbct, collectively
deliv¢red a st&ggering 107D/o return. Hoivever, Ivhei) considering an eqiially Wc1y￿led basis- whtch gives the same
iinporlance to each stock within the iiidex, regai'dl¢ss ofmdrket capitalAsalion-tlie S&P 500 'only' gained 13.8 /v over
the yeai..
2023 ivas a miyed year for Asian equities, iK)th in absoliile and i'elativ¢ l¢iin5. Chinese eqiiities, the doininant force in
th¢ l'egion, faced sig1)ifi￿nt cliallenges, wit]1 onsliore and offshore markets expei'iencing d¢¢lines of180/0 and 60/0,
IEspeclivcly. MeanNvliile Indiaii eqiiities, the oihei. large player in the l'egion, demoListt'ated their resllience and
pei'formed well, posting Qoinmcikdable gains of140/0.
The slowdoNvii iii Cliina became a Inajoi. burden on ¥lobal groNvth and pai'licularly closely interlinkcd economies like
the Eurozone, whei'e output had ali'eady biiffered from the ivai. in Uki'aine leading lo th¢ natlli'al gas price ci'isis. The
confli¢t continiies in this region, with h¢iglitei)ed tensiuns also ill the middle east. lil addition, iiiajor cconomies fa¢¢
elections in 2024.
In the lattei. stag¢s of 2023, and start of 2024, central banks indicated that iiil¢rest rates have peaked and the next series
of l'ate Inoves ii'ill likely folloiv a downwai'd path fi'om Iheii. cui'i'ent fifteen yeai. high. It is ivortli lloting that despite
this doNvnivan4 11.aje¢loiyg interest rates al'e cxpected to remain al liighei'_thaii-average levels foi. some time.
Ir Ihe PlEvailing qiieslion for 2022 was, 'hoNv loi)gA)igh will rale rises L%0?" 2023 ivas, 'Ivli¢ii will rale i'ises
pau8elstop?" and 2024 IDuks to be, 'Ivheii will rates gel ciit7"
witli the markct pricing in LIP to s¢ven cuts at the start
of the yeai.. Nvhich has since modei'aled lo jiist one.
Portfolio Value
As al the sli April 2024 the poitfolio valiie was £2,814,876 including £49,535 of acciiinulat¢d iticome. Tlie total i'elurn
for the period was 7.060/0, compi'isii)LY 5.160/0 from capital atEd 1.890/0 from ii)eoine.
As$ei Allocation
The equity exposuit i'emains al a level of aroiiiid 550/0, Iviili the increased exposui'e to global niai'k¢ls versus a historic
UK bÈas sei'ving well tn a pei'iod doiniiiated by US rehiins. Fixcd incoine exposure is ai'oiiiid a third of the poiifolio,
offci'iiig atti'aclive yields. Altci'natives coinprise aroiind IOO/o of the portfolio, with this I'¢pi'esentiiig a rcduclion iii
Inoney m41.ket fiiiids giveii the comtnilinents i'elated lo tlie Iiew organ liave noiv been mel in fiill. The bal&llce is held in
cash.
Oiitlook
The rtriliciice displayed by the global ecoiioiny has defied expeolalions, with iobiist govei'nmeiit spending aiid a liigh
consuinei. S¢lvings l'ate playii)g pivotal i'oles. The sustainability of tli¢s¢ factors as tlie driviiig forces beliii)d coi)tiniied
US eoonomic groNvth raises qiiestioi)s, biit there are gwLinds for optimisin. Scveral positive indicatoi's coiitribiile to a
opefiil oiiilook.. pricing pi'essures ai'¢ subsidiiig, ¢qikity valiiatioiis iii inaiiy regioiis are reasonable, and corpoi'at¢
balaiice sheets ait iii solid sliap¢. Tliis provides a stroiig foiindation foi. siipporting and IEiiiforcing eqiiity tnarkets.
The outlook for bonds I￿S draii)atically iinpi'oved, but patience is key, as the filed intei'est mai'kel lias oscillat¢d ivildly
in recent yeai's. Resurgllig iiitlatiQll IEmains a w)teiitial con¢¢rn. Global mRI'kets, iii Ilie short terin. appeal. lo have been

FRIEI ￿s OF PERSHORE ABBIY CIO
Report of the Trustees
Foi. the year ended 5, April 2024
Outlook (continued)
ovei'ly optiniistic, having piiced in ex¢essive expectations of rate ciits, wliich coiild intt'odii¢e volatility. Against this
backdrop, quality compaiiies shoLild provide steady, consistent retiwns wliilst also having defensive characterÉ51ics in
down markets.
Asia still holds eA¢iliiig growth pot¢ntial and favoui'able eqiiity valiialioiis aft¢i' a mixed 2023. China is expected lo
eoi)tiniie ivith fiscal stimiilus, and Ii)dia is expected lo al a strong pace. While Asia may not ¢iirrently have the
financial tnarket miJ)t of tlie US, il is iindoiibtedly an increasingly impoitant player geo-strategically and boasts ali
eiiviAble demogi'aphic sittiation. The growth of the middle-class ¢onsiimer in Asia offers a raft of illv¢slinent
opportunities within Asiaii consumer facÉng coiiipaiiies.
Yleld
The ¢uriEnt estimated awiual incom¢ is £55,233, almost 20/0, an increase on the pipvious year given central bank
interest rates aiid a rewvery in the portfolio valiie.
Struetllre Goverllan¢e and Manllgcmcnt
The policyi Sti'ate8y and maiiageinent of tbe Cliai'ity 18 delerniiiied by the li￿SleeS acting as Il)e Executive Committce
which meels qi￿l'tel'ly. Six ti'ustees foi'in thc FinRnce & liivcstment c0￿￿1111ee wliich makes I'ecommendalions on
expeiiditui'c & inve8lments to the Execiitive CutniTiittee. Hoiioi'ary officers carly oiit most of tlie day-to-day
maiia&F¢in¢iil of thc Chai'ity- The tnlStees do not receive any remiiiiei'ation foi. their duties.
At thc Aiinii&l Genei'al Meeting all uomtnillee Inembcrs ma}, put themselves foi'ward, if tl)ey ivi5h, foi. re-election. lil
addition, the committee lias the poNver lo co-opt. All members are invited lu propose othei. members for cleclioii to the
committee. Pi'oposal foi'ms are avuilable from the Hon Secretaiy and compl¢led foiins EUUSt be delivered to h¢r one
week before the Annual Gencral meeting.
Ti'ainingy is offered to iiew tnistees as reqiitred.
Trustees Responsibilities
Tlie Charities Act 2011 reqiiii'es the Iriistees to piEpai'e finanLial statements foi. each financial yeai. wliicli gives a tll1¢
and fair view of the situation of die Cliai'ity 3nd of the suiylus or deficit of incoiiie k)nd exp¢iidilure foi. that year.
In PiEparing these financial slaleineiits thc Ti'uqtees follow best pyactice and 81'e ieqiiii'ed to:
I Sele¢l suitable accoiillting poli¥ies and theii apply them consistently.
2 Make judgeineiils and estiinAtes that air I'ea5011able and pi'udeiit.
3. Pi'epare the f&nancial slaleinent5 on a going coiicern basis, iinless it is iiol appropriate to assiiine tlial Ilie
will conliniie oil I]￿t basis.
The TYuste¢5 al'e responsible for keeping proper occoiiiiting ttcords Nvhieh disc108e with reasoiiable aceiirdcy at aiiy
tim¢ the fLnaiicial position of th¢ Cliai'ity aiid to ¢iiable tlicm to eiisiiiE the financiRI slaleinents comply Ivffith ￿le
ChaYiti¢s Act 2011 and the provi$ioi)s of its goveiiiirkg iiislrLimeiit.
Chai'ity
Appi'oved by the TNst¢¢S 011
It
and
ign)ed on their behalf by:
Micliael
Chainnaii of the Fi'iends of Pcr5hoi
Abbey CIO
Executive CoTnniitt¢e
Petei. Daiiii
Chaii'maii of Fi-ieiids of Peislioi'e Abbey
CIO Finai)ce and Investment Sub
Committee

FRIEIYDS OF PERSHORE ABBEY CIO
INDEPENDEI NT EXAMINER)S REPORT TO THE TRUSTEES ofi THE FRIENDS OF
PERSHORE ABBEY CIO
I report to the IrLlStees on my exainination of the accounts of the above charity ("the Ttvst") for the year elided 5 April
2024.
Responsibilities and basis of report
As the chaiity's tiiistees, yOLi are i'esponsible for the pr¢paYalioll of the 8ceounts in accordance ivith the i'eqiiirements of
the Charities Act 2011 ("Ihe Act,).
I report in i'espect of my exaiiiinalion of the Triist'5 accounts carried out linder s¢¢tion 145 of the 2011 Act and in carrying
out my exmiination, I have followed all the applicable Dii'ectioiis given by the Chai'ity Cominission under section
145(5Mb) of tlie Act.
Independent examiner's statemeiit
I have completed my exaiiiinalivn. I confirm that no matei'ial matters have come to my atteiilion in eonnection with the
eXami￿at1011 Ivhich gives me cause to believe that in, any matei'ial i'espect..
tlie aceoiiiilingy recoi'ds iY¢i'e not kept in a¢coi'dance with seolion 130 of Ili¢ Charities Act. or
the accounts did not accoi'd Nvith tlie acooiintiiig records. or
the accounts did not ¢omply with the applicable requireiii¢nts concerniiig the form and content of accoiints set oiit
in the Chai'ities (Accoiint8 21)d Rcports) Regiilations 2008 othei. than ai)y I'¢q¢sii'¢nienl that the accoLints give a 'ti'ue aiid
fair, vi¢iY whitih is not & mattel. coiisider¢d as parl of ali independeiit exaininalion.
I have no concerns I1nd liave Come across no otliei. Inattei's iii Connectioii witl) the examinatioii to ivhich atteiilion shoiild
be di'aivn in tliis i'epoi't in order to enable a propel. Iindei3tai)diiig of the accolints to be rcached.
Liicy Waikills FCCA
For aiid on behalf ofAttwoods Chartered Cei'tified Accoiintants
Pei'i'ott House
17 Bridge Street
Pershoi-e
Worcs WRIO IAJ
.2024
io.

FRIENDS OF PERSHORE ABBEY CIO
STATEMENT OF FINANCIAL ACTIVITIES
FOR YEAR ENDED 5 APRIL 2024
Uru'estricted fiinds
Unrestricted fiinds
2024
2023
Note
locoming Resolli￿e
Subscriptions
3,030
2,872
Dividend5 1.eceivedlacciiinulal¢d
Legacies and ¢hai'itable donations
Anniial lectiire
54,279
14,747
836
61,876
1.092
712
72,892
66,552
Resourees expended
Investment management fees
19.282
18,435
Cliai'ilable ex
enditure
'ants to Pei'shore Abbey
Man&L?ement and administi'atioll
84,63 1
4,579
369,114
6,060
108,492
{35,600)
393,609
(327,057)
Rcalised g8ins oil iiivcstineilts
Unrealised ¥ainsl(losses) on investment5
38,363
111,827
254,518
(455,221)
150.190
(200,703)
Net Movement in funils
114,590
(527,760}
Fiiiid balanee as at 6 April 2023
2,732,950
3,260,710
Fiind balance as at S Api'il 2024
2,847,540
2,732,950

FRIENDS OF PERSHORE ABBEY CIO
BALANCE SHEET
AS AT S APRIL 2024
2024
2023
Note
Investments- at market value
Funds h¢ld by investment managers
2.798,770
16,106
2,576,970
106,886
2,814,876
2,683,856
Current Assets
Debtors
Cash at bank & in haiid
3,046
30,838
33,884
42,812
7,502
50,314
cl￿rent liabilities
Creditois & acci'iials
1,220
1,220
Net 4voi.king c8Pital
32,664
49,094
Net Assets
2,847,540
2,732,950
Funds
Unr¢stricled funds
2,847,540
2,847,$40
2,732,950
2,732,950
Total fund5
io
Appi'oved by the Triistees on
7 tk Aiigiist 2024
and signed on their behalf by..
Miellael Hodges
Chairman of Th¢ Friellds of Pei'shoi'e Abbey CIO
Execiitive Committ¢e
Petei. Dann
The Frieiids of PeiEI)ore Abbey CIO
Honoraiy Trcasiirei.

FRIENDS OF PERSHORE ABBEY CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Aceoun(ing polieies
Basis of accounting
The finallcial statements of the charitable comparny, which is a public benefit entity iindei. FRS 102, have been pi'epai'cd
ill accoi'dance wilh the Chai'ities SORP (FRS 102}'Accoiinling gnd Reportiiig by Cliaritie8.' Siatem¢nl of Recominended
Practi¢¢ applicable to charities pi'epai'ing t5ieir accounts in accordance ivith Ili¢ Fiiiaiicial Repoiting Siandurd applicable
in thc UK and Repiiblic of Ireland (FRS 10?) {effevliv¢ l Jaiiiiaiy 2019),, Fiiiancial Repoi'ting Standard 102 'The
Fillancial Repoiting Standai'd applicable in Ilie UK and Republio of li'eland, and thc Comp8nies Act 2006. The finaiicial
statetnenls have been prep￿'¢d iindei. the historical cost convention.
Tl)e significant accoiinling policies applied iii the preparalioii of these financial stslements are Set out below. These
policies have been consistently applied to all year8 pi'esented iinless oiheThvise stated.
Mergei. accounting
By OrdeA' of the Cliarity Commission dated 19 Febriiary 2021 The Friends of Pcr8hore Abbey {chai'ity niimbcr 500710)
transfen'ed all assets Aiid IiAbilili¢s to The Fi'iends of Pei'sliore Abbey CIO (chai'ity niimba. 1193273) willi effect from 6
Api'il 2021. For accoiinliiig piirposes this proc&s is regai'ded as a merg￿. (tlie i'elevant conditions llavtng beetE Inel).
Incoming ￿SOul￿e5
liiconie is recognised in th¢ period iti ivliich tlie Chai'ity is entitled to I'eeeipl and the amouiit cai) be detei'tnincd with
reasonable certaiiity. Income is deFei'i-ed (iiily whett the ch81.ity miist fulfil coiiditi0118 before becoming eiititled to it oi.
where the doiioi. ha5 bP¢¢itied that Ilie income is to be expcndcd in a futui'e perfftod. Legaci¥s ar¢ Èncliided Nvhen the
Charity is 8dvised by Il)e persoi)al rcpresentalive of an e8tale that payineiit will be made, or pi'opety ts'ansferi'ed and the
amoiinl tnvolved can be qiiaiitified. Life siibsciiptiotss received al'e incliided iii the Stalemeiil of Fiiian¢ial Activities in
the ycai. in ivhich tbey aye ir¢¢ived.
Resources expended and basis of allocation of costs
ExpenditLlI'e is iiicliided Trvh¢n iiiciin'ed. Resoiii'¢¢s expeiided are allo¢aled to tlie P£ilticLilar activity Ivhei'e the cost relates
dii'ecily to that activity.
Graiits offered siibjecl lo condilioiis whi¢h have not been met at the year-end date are tioted as a commitinenl bEIt i)ot
aociiied as e¥peiidittirc.
lyrecoverable VAT is cl)ai'ged agaiiist the Category of I'esouires expciided to wliicli it Ivas incui'lfd.
Fixed #sset investments
Fiyed asset iiivestniciits al'e incliided at market valiie al the balance sheet date. Any ggtn oi. loss on sal¢ or revaluation is
ci'ediled oi. debited lo the Statement of Finaiicial Activities.
Taxation
The ehai'ity is cxenipt froin corpoi'alion 11( X 011 ils charitable activilies.
Fiind accountiiig
Uiiresti'icted fiinds cali be 115cd in accoi'dance Nvitb tlie cliai'ilable objectlVC5 at the discretion of tlie Iiustecs.
Resti'icted fiii)ds cai) only be iised foi. particulai. rests'icted Plirposes wiiliiii Ilie objeets of tli¢ Cliarity. RestricLions ai'ise
vhen specified by tlie donoi. or ivhen fiinds llit I'aised for particiilai. i'estt'i¢ted piirposes.
Tlie ¢ho1'ity ciin'eiitly holds iio I'estricted fiinds.
13.

FRIEI NDS OF PERSHOREABBEY CIO
NOTES TO THE STATEMENT OF FINANCIAL AcfIvITIES
FOR YEAR ENDED 5 APIUL 2024
2024
2023
2 LegAeies aiid donations
14,747
1,092
3 Grant8 to Pershoye Abbey
Organ pi'ojecl
Intei'ior lighting project
External floodlighiing
Lightning protection
Vaiilting repaii's
Live streaming system
Giittei. clearing
PtregriEke plaifomi
Rainivaler doivnpipe
Flagpol¢ repair
Vesty ivoi'k
Updating Abbots & Vicars
boai'd
Toilet ligliling
HeatÈng SMART controls
Replace coping stone and
flashing e&st ¢lcvation
Floodligliting coi)tIDI upgL?de
Rcpair to to¥v¢r walkivay
Repair lo Victoirian
piocesqional ci'oss
Scrvice convectoi. heatcts
Siipply aiid install noticeboai'd
Repair to flagp)l¢
Coinpliance testiiig
Belli-ingyers, platforni i)et
65,176
3,031
275,760
49,215
13,249
10,548
7,133
2,490
2,220
1,490
2,410
1,775
1,358
1,930
720
396
350
2,138
1,735
1,064
783
654
450
420
300
84,631
369,114
4 Managemenl and admÉnistratioll
Cliarity li'iislee assiirance
Aiiditftndependeiit exainiiier's fee
Lcaflets, dislribiitson, postage aiid advertisin
Anili￿[ Re￿it prepai'Ation aiid AGM
Post Office box
Meetiiig I'ooin
ITE511raiice
Gift for I'etii'ing presideiit
Meinbeiship ¢xpeiises
Seci'ethi'iol seivices
Calligi'apliy
Websit¢ ¢osts
(PiofityLoss OLI excliange
Bai)k cliai'g7es
1,500
720
415
1,030
378
290
601
720
650
396
217
654
95
90
245
179
480
420
(289)
91
6,060
223
1,404
115
4,579
14.

FIUENDS OF PERSHORE ABBEY CIO
NOTE,S TO THE STATEMENT OF FINAIYCIAL ACTIVITIEI S
FOR YEI AR EI NDED S APRIL 2024
Trii$tees' remuneration benefits
Remuneralioii paid to triistccs dLirillbY the yeai. was nil (2023 - nil)
ReiinbLirsed expeiiscs incunEd by one tn15tcc during the ye81. totals £90 (2023 - £245).
6. Comparatives for the statement of financlal activities
All fiinds foi. the yeai. ended 5 April 2024 are iiw'¢stricted. See the SOFA oil page 13
15.

FRIEIYDS OF PERSHORE ABBEY CIO
NOTES TO THE STATEMENT OF FJNANCIALACTIVITIES
FOR YEAR ENDED 5 APRIL 2024
7 Investments
Market value
As al 6 April 2023
Additions at cost
Disposals at tnark¢t value
Equalisalions
2024
2023
2,576,970
2,964,094
633.339
2,480,984
(561.729) (2,667,40L)
(4)
Inci'ease/(decrease) in Inai'ket value
As at 5 April 2024
150,190
2,798,770
2,576.970
Cost
As al 6 April 2023
2,555,942
2,484,002
Disposals at cost
Additions at cost
Equalisations
(525,399) (2,409,040)
633,339
2,480,984
(4)
As at 5 April 2024
2,663,882
2,555,942
MaTlcet
vAliie
2024
C05t
2024
Analy51S
Bonds
941,011
955,687
Alternative investmeiits
285,641
278,088
UK cquities
Europe
Noith Amei'ica
Fai. East
Eincrging Inai'kets
Global
194,829
105,498
593,791
211,267
300
466,433
187,817
111,799
500,030
203,025
427,436
16.
2,798,770
2.663,882

FRIEI NDS OF PERSHORE ABBEI Y CIO
NOTES TO THI STATEMENI. OF FINANCIAL ACTIVITIES
FOR YEAR ENDED 5 APRIL 2023
2024
2023
8 Debtors
Recovei'able VAT
Pi'epayments and acci'ued
income
40.000
3,046
3,046
2,812
42,812
9 Creditors
Examiner's fee
Anniial report (printing)
Deferred iÉk¢oine (leeture)
720
soo
720
500
1,220
1,220
Gains, losses
At 6 Api'il
2023
Ineomiiig
Iysoureeq
Resouires
expeniled
At 5April
2024
10 Movement in funds
ti'xnsfei
Unrestricted fiinds
Genei'al fi]nd
2,732,950
72,892
(108.492)
I50,190
2,847,540
Total flln(Is
2,732,950
72,892
(108,492)
150,190
2,847,540
I l RelAteil paty disc105TiI
Their were no velatcd party transactions for the yeai. endcd 5 Api'il 2024.
17.

LIST OF fvIEMBERS 202>2024
Mr. D. V¢rr&lls
Mr D. Wai'd
Mr J.G. West
Mi's D. Wood
Annual
Mr S. Andrews
Mrs S. Andi.e￿vS
Dr P. Aston
Rev'd E.J. Bangay
Mr S. Barrett
Mi. G.D. Bei'wyn-Jones
Mr C. Brooker
Miss J. Butlei.
Mrs. A. Bruce
Mrs. J. Burton
Miss K.F. By¢
Mr R. Chanipion
Mts S. Chaiidler
MrG. Clarke
Mi. P. Dann
Mrs A. Dobbins
Nfjs C.1. Doi'rell
Mrs J. M. Ev211S
L. S. FaLilkiiei'
Mrs J. Fi¥g
'R.J. Gillmor
Mi's V. Gleivs
Mr R. Had¢n
frs J. Herbert
Mr S. Higgiiis
Mr M.J. HodgFes
J. H. Hodgl<ins
Miss A.M. Jackson
Mrs E.A. ICeai'ii¢y
Mi's E. Lftndale
's Y. Mallard
Mjs J. Marsden
Mrs S.D. Maislalld
Mrs K. Morj'is
Mts M. Neivell
Mr J. Palfi'ey
Miss G.F. Pay
Mr A. Prescott
Mrs D. Quiiiney
Mrs S. Read
frs J. Robbiiis
Mrs J. Rob¢rts
Mi's S. Rust
. R. Saville
Miss P. Stcel
' R.D.E. Stott
Mr M.E. Speiice
Annual & Heritage
Mi. J. Alexander
Annual Coi'poi'ate
P¢i'shore Bell Ringers
Pei'shore Town Coiiii¢il
Amber Car¢ (Ston¢iK>w House)
Honorary
Mr & Mrs D. Cadbury
Dr D.J. Cornwell
Mi & Mrs J.M. & B. Ciirtis
The Very Rev'd Dean of Weslminstei.
The Very Rev'd Dean of Woirester
The Rt Rcv'd Bishop of Worcester
Sii. Michael & Lady M. Peny
Mr P. Surman
Dr. M. Thurlby
Mr & Mrs W.R.B. Webb
Dr. A. Williains
Mr. & ￿.5. D. Williams-Tliomas
Joint Annual
Mr & Mrs R.H. & J. Albuti
Mr & Mrs P. & S. Allics
Mr & Mrs Nl.H. Allde130ll
Mr & Mr5 J. Aiidi'eivs
' S. Boweii & Lkfrs G. Pugh
Mr & Mrs C.D. & B.V. Bi'istow
fr & Mrs A. Broad
Mi. R. and Mi's B. Browiisdon
Mr S.J. & Mrs S. Clai'ke
Mr & Mi's G. Goodei'liam
'. & Mrs C. Ingl¢s
Mr & Mrs B. Ii)scli
Messi3 A. & P. Kecnci- & Avis
. & Mrs T.J. & V. Kilby
Mr & Nlrs D.M. Loiig
Mr A. Mc. Stay & Mrs B. Holdei.
. & MJ'S P. & N. Mathias
Mi. & Mrs P. & C. MeiYi¢ks

Nfy & Mrs. P. Millichip
Mr & Mrs A. Moyes
' & Nfj's W.J. NewmatL
Mr & K. Pollard
. & Mt3 J.C. Porter
. & Mrs M. Reeve
Mr & Mrs P. Roclie
Mr & Mrs M.A. Rowley
Mr T. Roberts & Mrs S. Smitli
fr & Mi's D.B. Scott
Mi.. & ￿. D. Siioivden
' & Mxs J.P. SingFton
Mr J. & Mrs H. Sominerville
Mr & Mrs P. Stansbie
Mr R. & Mrs S.J. Whittakei.
Rev'd & Mrs A.G. Williains
Joint Llfe & Hei'itage
Mi" & Mi's B. Cllapman
Mr & Mrs R.W. Cheney
The Rev'd Canon & Mrs Coombs
Mr & Mrq C. HaElllin
Mi. & Mrs J.R. Leahy
Mr & Mi's R.P. Mairliant
Mr & ￿'S M. Orehgrd
Dr & Di. C.E. Perks
Mr & ￿'S A.H. Perks
Mr & Mrs J.S. Pianl
Mi. & Mrs L.S. Steele
Dr & Mrs J.D.S. Wilson
Dr & Mrs F.C. Woi'lock
Joint Annual & Hei'itage
Life
. & Mi's J. Biirton
Mrs M. èinton
Mis M J Atlicilon
Rev'd A. Aiislin
' T. Bailey
Mi. R. Bateman
's D.M. Beard
Miss C. Bctry
Mrs J. Bishton
Mrs A. Rrintoii
Mrs M. Broivn
Mr L. Biitt
Mrs R.J. Cadbury
Mrs C.R. Campling
Dr l.m. Ca55ells
Rev'd P.D. Cliippeiidale
's S. Clasen
Mi- M. Clemeiis
Ms S. Clemen8
Mrs D.R. Cliffoi'd-smith
Dr J.M. Dale
Brigadiei. C.D. Dalikes
'$ J. Davie
Mi. H.A.L. DaNves
Mi's M.J. Dcrbysliii'e
Di. C. Dodd
Mi% S. Dolniaii
S. Diaper
Mi. R.A. Eccles
Mr M.IC. Ellingworth
Di. C. Fai'ey
Mi. R.W. Fai'iicoiiibe
Mi's. A. E. Finch
Mi's P. Gai'dlliei.
Joint Life
Mi. F. aiid Mrs C. Aldhouse
Di. & Mrs r. BoLrhardt
Sir Briict aiid Lady Penelope Bossotn
Mr & ￿'S D.J. Bray
Mr & Nfj'b M. Broiiglitoii-Tayloi'
Mr & ￿'S R. Buini8n
.&MrsW.Ca
Mr & MKS W.G.K. CarteL
. & Mrs W.A. Clode
Mi" & Mrs N.L. Collis
Mr & Mjs E.J. CroNvtli¢r
Mr & Mi's M. Dudley
Mr & ￿.$ M.M. Goi'ina
Mi. & Mi's J. Hogiai)
Mr & Mi's A. Hni'nyold
Mr & Mi's T.M. Hoi'loii
Mi. & Mi's D. Floule
Mi. & Mrs J. Kottlei.
Mi. & Mrs P.J. Moi'eton
Mi. & Mrs K. Olivei.
Mr & Mrs J.K. Oispi'ing
Mr & Mis F.T. Poivell
Mr J. & M13 M. Rendall
Mr & Mrs R.C. Ricl)ards
' & Mrs P. Rodfoi'd
Mr & ￿'S L.J. Sliarp
M]. & Mrs R. Slaiwsoii
Mi. I. & Mi's R. Sie¢l¢
Mi. & Mrs M.J. Tayloi.

Mrs A. GeiTard
Mrs G. Gilinoui.
D. Glovei.
Mr N. Goodmai)
's M. Goodi'i¢h
Mrs G. Goss
Ms P. Greenwood
Mrs U.W. Gi'iffiths
Mrs E. Gunlioiise
Miss A. Hampton
Mr R.F. Hancoy
Mrs B.J. Hai'ber
Lady C.J. Harford
MJ'S M. Hawkins
Mrs. A. Hollalld
Mi. E. L. Howell
Mr R. Hughes
Mr B. Ireland
Mrs P. Jeokins
Mr R.H. Joncs
Mrs M. Kirkhain
Mis L. Kitt
. R. Lockett
Rev'd Caiian C. Lording
Mrs S. Lyiicli
G. Mackei)zi¢
C.G. Mawdsley
's V. Mcwhirter
Mi's B. Miltoii
Mrs J. Morgan
Miss S.V. Monis
Dr S. Moitim¢i'
Mrg F.. Norton
Mrs D. O'siillivan
's M. Owen
Mi's R.I. Partridge
Miss A. Peait
Mi's P. Plath
Mr IC. Poysei"
Mrs J. Pi-itchai'd
Mrs L. Raym¢i'
Mi" C. Re¢v¢s
Mi's H. Roe
's E.C. Rosier
DrA. Riiinble
Mr A. Sande13
Mrs H.M. Seddon
Mrs D. Shaw
Mrs R. Simpson
Mi's S.M. Smitli
Mr5 F. Sinytli
Mrs J. Steele
Mrs S. Slltcliffe
Mrs E. Sydenhatn
Mr Alistair Thomson
Mrs J. Thompson
' N.H. Tidman
Mi's A. Tonikins
's P. Upward
Miss S. Vi81
Dr H.L. Whitsvell
Mrs A.E. Williams
Mr W.R. WÉlliams
MY S.T. Williams-Thomas
Ms V. Wood
Mrs V. Woott¢n
Life & Heritage
MIE A. Addison
Mr D.J. BezzaTht
MIE P.M. Buckley
S.A. Biirnell
Tl)e Very Rev'd N. CoLIItoii
Mi's M.C. Evalls
Mrs P.A.J. Gi'iffiths
Mi. V.F. Haines
Lvfrs C.M. Hall
Mr A. IIumphries
Miss M.A. Jones
Mi's S.M. Jones
Mi. P. K. Maple
MJ'S P. Moriis
Mi. B.A. Oi'win
Mrs S. Payiie
MTS l. Reid
Mrs B.A. Smith
's M.S. SpeakEnaii
Miss A. Sialldl'd
Mi's A. Thoi'tttoii
Mrs. C. Tyldesley
M]s A. Viiit
Mrs R.V. Woolley

I'ont covei.:
THE FRIENDS OF PERSHORE ABBEY CIO
Anniial Report 2024
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