Registered Charity Number: 201845
ABBEY LAWN TRUST
ACCOUNTS
31 M2reh 2024
SANDFORD
AWARD
111
THE QUALrrYMARKFOR
HERrrAGE LEARNING
2024 - 2029
heritage
lottery fund
LOTTERY FUNDED

CONTENTS
Page
REFERENCE AND ADMINISTRATIVE DETAILS
DIRECTORS OF THE TRUSTEE COMPANY'S REPORT
2-10
STATEMENT OF DIRECTORS OF THE TRUSTEE
COMPANY'S RESPONSIBILITIES
INDEPENDENT EXAMINERS, REPORT
12
INCOME AND EXPENDITURE ACCOUNT
13
BALANCE SHEET
14
NOTES TO THE ACCOLfNTS
15-27

ABBEY LAWN TRUST
REFERENCE AND ADMINISTR4TIVE DETAILS
The Charity's only Trustee for the year was Abbey Lawn Trustee Cornpany Limited.
Directors of the Trustee Company
The following directors held office during the year..
John Yorke
John Comins- retired 31, August 2023
Faith Hallett
Matthew Darby
Justin Meath Baker
Alan Mackinnon- appointed 9, February 2024
Registered office
4142 Church Street, Tewkesbury. Gloucestershire, GL20 SSN
Charity number
201845
Accountants
Hazlewood5 LLP
Windsor House
Bayshill Road
Cheltenliam
GL50 3AT
Bankers
Lloyds Bank PIC
19 High Street
Tewkesbury
GL20 SAW
Solicitors
Thomson & Bancks LLP
37 High Street
Pershore
Worcestershire
WRIO IAH
Land agents
Fisher German LLP
Global House
Hindlip Lane
Worcester
WR3 8SB
Investment Advisor
Jane Newman Financial Planning Ltd.
10 Sl. Andrews Road
Droitwich
WorcesteTshire
WR9 8DN

ABBEY LAWN TRUST
REPORT OF THE DIRECTORS OF THE TRUSTEE COIVIPANY
The Direciors of the Trustee Company present their report together wilh the accounts for the
yeai" ended 3 1st Marcli 2024. The accoLlllts liave been prepared in a¢¢ordance with the
accounting policies set out iii Note I to tlie accounts and comply with the Statement of
Recoinineiided Practice: A¢¢ountiiig and Reporting by Charities preparing their accounts i
accordance witli the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) effective l Jaiiuary 2019 and the Charities Act 2011.
STRUCTURE, GOVERNANCE AND LIiANAGEMENT
Tlie Triist is an uniiicorporaled charity, first established by a Trust Deed dated 2nd September
1940. wlieii various lands and buildings Close to Tewkesbury Abbey, which were considered io
be under development threat, were donated to the first TrLlStees to ensure their preservation.
This Trust Deed was replaced by a scheille of governance ordered by the Cliariiy Commission
dated 9tli August 2005 Iconimissionei's. Case Nuinber 344698). Underthe tern15 of thc scheme,
a newly foi'med coinpany. The Abbey Lawn TTLlStee Coinpany LiTnited, became the TTUStee of
the Chai'ity. The foriner Triistees of tlie uiiii)corporated Charity served as tl)e firsi members and
directors of the new company.
Uiider tlie tei'ins of the scheine of governance, tlie title to the land whicli liad previously been
lield ii) Ilie names of the iiidividLial trustces was transferred to the neiv Company as Trustee to
be lield in Il'llst for tl)e Cliarity. Tlie directors of the Abbey Lawn Trustee Company Limited are
appointed by the boai'd of directors.
Under ihe tering of tlie Articles of AEsociation. new directors are appointed by the existing
direciois iii tlieir capacity as botli directors and a5 the only members of the coinpany. New
directors are briefed on their legal obligations under cliarity and company law, the Charity
Coiniiiission's guidance on publie benefit, the objecis of the chariiy and how they are achieved,
tlie decision-tnakiiig process of the board, the recent financial performance of the company and
its futiire prospects.
The Directors of the Trustee Company In¢1 formally in April. July, AugLlSt and October in 2023
aiid February in 2024. E-mail exchang￿ kept ihe directors regularly in touch.
OBJECTIVES AND ACTIVITIES
A suinmary of the purposes of the Charity. which are set out in full in its Scheme of Governance.
is as follows'.-
To .secure for ihe public benefit, the preservation, proiection. development and
improveinent of features of hisioric or public interest, and especially the historical,
ar¢hitectural aiid constructional heritage in ihe fonn of buildiiig5 of pajlicular beauty in
eertain defined area5 immediately adjoining Tewkesbury Abbey and thereafter, at the
Directors of the Trustee Coinpany's discretioii, in the rest of the town of Tewkesbury.
To educate the Pliblic iii tl)e lii5tory, aicliitectLire, natural liistory and geography of the
locality ceiitr¢d on Tewkesbury by the establisliment of one or more Inuseums in
Tewkesbury.
To provide a community and pleasLire garden for the re¢reation of townsfolk and vi5iiors
to Tewkesbury.
The main aelivities uiidertaken to acliieve the purposes of the Charity are highlighted below in
tlie section on Public Benefit.

ABBEY LAWN TRUST
REPORT OF THE DIRECTORS OF THE TRUSTEE COMPANY {Continued)
PUBLIC BENEFIT
The Trust's inalienable endowment comprises donated land and buildings close to Tewkesbury
Abbey which it a duty to preserve for the benefit of the public aiid future geiieTalions.
Having regard to the Charity Commission's guidance on public benefit and in line witli ils
objectives summarised above, the Dir¢¢lors of the Trustee Company make the followii)g
statement.
The Land
The land preserved by ihe Trust fornis part of a s¢lieduled ancient monument of national
importance ¢omprising Tcwke5bury Abbey and it5 PTeciiicts. It includes tlie Abbey Lawn
gardens to the east of the Abbey itself, which are maintsined at the Triist's expense ￿ a paTk
for the bei)efit of the public with free access during daylight Iiours for 365 days a year (objective
c). It also includes the AbLEy meadow. comprising sorne six acres to the south of the Abbey
itself. which 15 open at all times to the public for amenity use and is particularly welcomed by
dog walkers. Signs indicate accessibility and opening times as appropriate. Paths. beiiches and
signs cncourag¢ access and informal use. The service road at the rear of the Church Street
properties is open at all times and the adjoining secret garden is open to the public durin
dayliglit Iiours.
The Buildings
The buildings preserved by the Trust are, with one exception. all lisied by English Heritage 8S
being of historic and architectural iimportanee, the great majority being listed as grade l. Th¢y
include argLiably the oldest surviving medieval English uniform town dcv¢lopTnent in tlie form
of a nearly continuous slightly curving terrace of 17 limber framed houses and foriner shops.
They comprlse No's 34 to 48 aiid No's 50 to 51 Church Street aiid staiid aloiig tlie nortliern
edge of the old monastic precinct. Dendro-chronological tests earried out in 2021 have pointed
to a building date iii the second decade of the 15, Century. As Thomas Parker was abbot froi
1389 - 1420, he is likely to be responsibl¢ for tlieir erection. Tliey are thus of coiisiderable
arcliiteclural iiitcrest and, from the Abbey rent roll of1540, it appears that they w¢r¢ biiilt by
the Inonk5 and let to tenants as a speculative developinent.
The Trust also owns the 15, century stone galeway to the fomeT Inonastery Coinplex to the
west of the Abbey together witli the adjoining 14111 centUTy slone tithe barn. At least two external
elevations of nearly all these buildings are visible for the benefit of tlie public at any time from
liighways, rights of way and other accessible land. The interioTS of two are also regularly open
for the benefit of the public, comprising the John Moore Countryside Museuin at 41 Church
Slreet alld tlie Little Museum, a restored medieval mercliant's house at 45 Churcli Stre¢l.
InteTpretative information on the restoration and conservation of tlie medieval range is
displayed at both propertie5 (objective b). The museums are advertised on car park tickets.
lourist inforination signs, the Charity'y website and in appropriate publications. inclLiding
brochures and educational circulars as well as local and national guide books.
With the help of our land ag¢nl, we regularly monitor the condition of the important listed
buildings und¢r our care and take appropriate action to ensure repairs and maintenancc are
carried out for their preservation and protection (objective a).

ABBEY LAWN TRUST
REPORT OF THE DIRECTORS OF THE TRUSTEE COMPANY (Continued)
PUBLIC BENEFIT (eontinued)
The Countryside Museum
The Countryside Museuin was originally founded as a rnemorial to the life, work and writings
of a Tewke5bury-born writer, journalist and early conservatioiiist, John MooTe (b.1907,
d.19671- Tliis museum aims to benefit the public by educating them in the importance of
wildlife conservation and lil tlie knowledge of English natural history with particular reference
to tlie rebTion centred on Tewkesbuiy. The Inuseum has displays of local wildlife, including
some important taxidermist exhibits, and ti'adiiional local agricLiltural and Craft tools togetl)er
witli associated interpretative panels. It has a very active outrea¢h programme both to local
sch(K>ls and organisations such #s the Wl. with loan collections available as a resource for
teacliing. Occasioi)al special events are held and special exhibitions mounted (objective b).
The Little Museum (The Merchxnt's House)
Tlie Little Museuin alin5 10 benefit the public by illusirating the tiinb¢i' frame construction
ieclinique5 iised in tl)e eTe¢tion of the Triist's main range of medieval building5 and been
laid oiit ivitli copies of period furniture aiid household goods to illustrate its original internal
use. Talks and historical re-enactinents are pei'iodically h¢ld there. which piovide a useful
ediicatioiial resource foi. scliools covering either local history or the Tiidor period in their
ciirriciiliiin. Adult group5 such as local braiiclies of the Wl and tlie University of the Third Age
are also enthLisiasii¢ visitors.
Our two Inuseuins have a dedicated siaff of 2 who, iogether with a loyal number of volunteers
fioin the local cominunity, run tliem for the benefit and education of the public. Th¢y provide
a ranTre of educational aciiviiies in-house and oller outreach servi¢es to local cl)ildren and
adiilts. They also provide and manage an infoi'inativ¢ and regularly evolving websiie about the
Inuseums and their serviees (objective b).
The Old Baptist Chapel
Tliis cliapel is described in the Buildings of England (ed. Pevsner, 31￿ edition* publ. 2002) as 'a
remarkable survival, hidden in a narrow alley off Church Street, redolent of eai.ly clandestine
non-conformist meetings. It is timber framed, originally a three-bay hall house, probably
fonnally converted io a chapel soon after the Act of Toleration in 1689,. A dendro-
cl)ronological test l)as dated its timber5 as liaving been felled in 1458. Its present fine white
painted. wood panelled interior dates from tl)e early 18, century.
The assignmeni lo the Abbey Lawn Trust of the unexpired balance of the existing 99 year lease
of the Old Baptist Chap¢l from tlie Baptist Chuich Trustees to Tewkesbury Borough Council
was coinpletcd in April 2016. We benefit the public by op¢Ding it and by adding this importaiit
grade 2* listed property to our portfolio of buildings in Tewkesbury to be preserved (objective
a). Sttsry boards and exhibits illustratc 2nd educate the public in the history of non-conformism
in Tewkesbury (objective b). It is also available for hire as a venue for concerts and art
exhibitions and ihus adds to the facilities available to Tewkesbury's residenls and visitors.

ABBEY LAWN TRUST
REPORT OF THE DIRECTORS OF THE TRUSTEE COMPANY (Continued)
PUBLIC BENEFIT (continued)
The Remaining Properties
The remaining properties are occupied by tenants or licensees and their inieriors are not
generally a¢cessible by the public. However, Ihe Abbey Gate House is leased to tlie LaiidinaTk
Trust, which lias creat¢d a holiday cottage out of the medieval cliamber over the gate. Tliis cali
be enjoyed by the public throush the Landmark Trust's ¢ottag¢ IElltal pi'ogi'ainme.
The interiors of the properties, which are not open to the public, for the most part comprise
small Tesidential housing units. not exceeding two bedrooms. A policy of access by tlie general
public is thcrcfore impractical, except in the instances listed abov¢. Tiicre 15 ali obvioiis
requireinent that the tenants be perinitted to enjoy peacefully ihe properties tliat tliey relit at
open market rates. Any annual surpluses of income from these lettings is set aside for financing
Ihe periodic necessary expenditure io preserve the Properties for the benefit of the piiblic in the
long term (objective a)- The matter is addressed in detail in the subseqiient section in tliis report
dealing with the Property Refurbislim¢nt Fund.
The north half of the 141h Century Almonry barn is licensed for use as siorage for ihe Abbey
authoritie5 at no charge, while th¢ south half ha5 been converted into residential ac¢oinmodation
some 40 years ago.
Car Park
We provide a pay and display car park, strategically located to the east of Tewkesbury Abbcy,
a building of international impoitance and Tewkesbury's principal tourist attraction. Tlie public
benefit of this parking f￿111¢Y adds to the ease of a¢¢e55 to the Abbey and is at preseiit free on
Sundays.
DonatjODS
We mad¢ no donations in the year.
ACHIEVEMENTS AND PERFORMANCE
Museums and Old Baptist Chapel
Our museum staff have continued iheir lectures to small interested groiip5 and their popular
school tours of our heTltage sites and museuins. Tlie Old Baptist Chapel coiitinues to l)old
coneert& musical evening5 and events for thc benefit of Tewkesbury residents.
Kirstie Bingham. our heTltage manager, lias been partieularly active in arranging talks. re-
enactment events and school visits. Talks to local Community groLlPS have inrreased from 53
ii) 2023 to 85 in 2024. Our outreach piogramme of visits to local 5cliools also continues ai a
higher level than in previous years. Her team's very successful activities have, in September
2024, happily resulicd in a third Sandford Award, valid for ihree further year5 for oiir heritage
educalioii to the local community. We congratulate them for all their dedicated hard work wliich
has tnade this possible.

ABBEY LAWN TRUST
REPORT OF THE DIRECTORS OF THE TRUSTEE COMPANY {Continued)
ACHIEVEMENTS AND PERFORMANCE (Continued)
The Sandford citation states that 'The school pi'ograinmes have been thoroughly and
thouglitfully planned ivith meticulous attention to detail
They are delivered in well-
preseiited histori¢ buildings giving the learner a breadth of experience other sites are not able
lo offer. These pi'ogrammes are delivered by a dcdicated and experienced professional team in
ali iiiteresiing aiid ¢iig7aging way. Teachers can be assLired that the workshops will provide liigh
quality educatioiial ¢xperienccs, giviiig their pupils insights and understanding on iopical issues
relating to the ivorld ai'ound them,.
Let properties
A modeqt programme of repairs wa5 carried out, 85 we had unayoidably overspent in the
previous year. Moiiasiery Cottaure was 51iowing some problcins attributable to the serious
floodiiig in 2007 wliicl), witli time. were now re-appearing. Tlie properly once more flooded
iii eai'ly 2024 and we liave had to rectify as miich as p055ible with the aid of an insurance ¢laim,
but noi all tlie IEpairs needed were claimable.
The old caretaker's flat on the first floor of No 50 Church Str¢¢t flat that we refLirbished lasf
year liad beeii occupied by our l)eriiage manager, but she lias Iiow fouiid a house elsewhere.
This flat has been successfully re-let at an enhanced rent following a very Short va¢ant period.
AII OUT lettable properties have been fully o¢cupied in the year, except for the ground floor of
No 50 and the whole of No 51 ChLirch Sireet. We have plans in place drafted by our
¢on5ervalioii archite¢t for iefurbishing all of No 50, including the old eareiaker's flat, to yield
a four-bedroom, two-batliroom Property oli the first floor with big family kiichen and iwo
receptioii l'ooms on the Dow einpty ground flooi.. The refurbisliment ckf the ground floor of No
50 aiid all of No 51 will be dauntiiigly expensive and so only a quarter of tliesc two properties
is cui'i'ently produciiig reiital income. The exterior of these two properties has however been
maintained to a higli standard, coinplying with OUT charitable objective of preserving the
building.
Personnel Ch3nges
Jolin Comins has be¢n on the board as a Trusiee and latterly as a dire¢tor for over 35 years and
we are sad to see l)im leave. We shall miss his wisc advice aiid admirable skill at concis¢
miiiuting of our meetiiigs. He was especially in charge of the planting in the public gardens for
which we are respoT)sible.
We have since welcomed Alan Mackiiinon onto our board, who is a qualified solicitor and a
diiector of Thoinas Miller, an insurance services company. His experience in the insurance
iiiduslry will be of considerable help, as w¢ shall be critically reviewing the cver-rising Cost of
insiiring our buildiiig5 in tlie current year.
I myself will be stepping down as ¢hairinan in 2024.
Karhryn Keldeen has joined ￿ the ediication officer and museum assistant. She is already
proving a really valuable 5UPPOrt in the running of an ever increasingly a¢tive museum and
educational outreach programine.

ABBEY LAWN TRUST
REPORT OF THE DIRECTORS OF THE TRUSTEE COMPANY {Continued)
FINANCIAL REVIEW
Net incomin
resources. We are pleased to report that we have almost coinplctcly eliminaied
last year's very serious deficit of £67,362 to a deficit of a mere £7,959. It sliould be borne in
mind that thi5 sinall deficit is arrived at after charging depreciation of £22.807. So, our cash
income for the year exceeded our cash expenditure by a healthy £14,848 (2023 showed an
alarming deficit of £44,167). This is almost entirely attributPLble to a stTiCt control of repairs and
renewals to property. which was successfully limited to £18.554 compared with the £70,074
which we spent in 2023. This d¢ficit of £7,959 was totally eliininal¢d by Il)e subslanlial Ibul
unrealised) profit on revaluation of our investments amounting to £37,044. This gain almosi
exa¢tly reversed the loss on revaluation of investrnents in 2023 of £37,037.
The final result for the year shows a surplus of £29.095 compared the previous year'5 deficit of
£104,399- a remarkable turn-around, whicli we are very unlikely to be able to Inaii)tain.
Our rental income continued to improve by a modest £6,752 to £141.190 (2023 - £134.438). an
increase of 5.00/0 (2023- 6.50/0). A few small rental increases were negotiated by our land agents
and we experienced no significant void periods. Smaller residential properties remain happily
in demand in Tewkesbury and the rents are regularly reviewed and are likely to increase
modestly again in the current year.
Our property account shows a net profil of £43,382 (2023 - 1055 of £7.510). The main factor
contributing to this very satisfactory iTnprovement is the dramatic reduction in repairs and
renewa15 to £19,896 (2023 £70,074) reflecting a tight conlrol during the year on work
undertaken. Land agent's fees and professional fees together total £36,267 (2023 £32.2461.
the increase being attributable to architect's fees incurred in th¢ preparation of plans and
submitting applications to T¢wkesbury Borough Council for No 50 Chur¢h Street, wliich have
yet to be undertak¢n for lack of funds. The cost of insurance also increased by 11.9% {2023
43.80/0) to £22,982. Our total premium for the year 2022 was a Inere £14.288
so the cost of
insuring our buildings has increased by 6 IV/0 in two years -driven by increased. building cost5
and the reassessment of the replacement values of all our listed buildings.
TheCarP
has had a poor year with takings down from £66,461 in 2023 to £58,722 in 2024,
a reduction of 11.60/0. This is directly attributable to the disa5troLisly poor att¢iidance record of
our car park attendant. who has now left our employ in the ciirienl year, and iiot been
replaced, thus savillg us his annual salary. Chaiiges are to be Inade in Inaiiageinent of the car
park in th¢ current year and these are set out in ' Future Plans, see below. The net iiicome from
the car park has fallen from £33,292 by £12,196 (36.6V/o) to £19,096. We anticipate that the
current year will show a significanl improvement.
The Museum'5 deficit for the year has maiginally fallen for the third year running to £65,392
(2023 £66,416). Tlie very significant increase in incoJne to £18,593 (2023 £10,920} is
attributable to our curator's active manageinent of an extended series of lectures lo local
societies, school visit5 to the Inuseums and educational outreach to local schools. General
museum expenses have increas¢d in line with this more active museiim programine and
museum staff costs have also risen in line with salary inflation.

ABBEY LAWN TRUST
REPORT OF THE DIRECTORS OF THE TRUSTEE COMPANY (Continued)
FINANCIAL REVIEW (continued)
Investments.
We have seen a very satisfactory increase in the value of our equity and bond holdings of
£37,044, which alinost exactly Inatches their 1055 in value of £37,037 in 2023. Our two
Aniericaii eqiiity iinit trusts were mainly responsible for this recovery, gaining £24,944 in the
year, an iiicrease of 21 O/&. A small unit trust specialising in long dated gilts and run by Jan￿8
Hende150n was to be c105ed and we sold our holding for £1 0,804 in the year, realising a Ios5 of
£710. The proceeds were put into our COIF charity deposit account. Income from investments
has iiicreased sharply by £4.093 to £14,739 (2023 - £10,646). This is mainly due to the increase
in baiik rate and an ever-increasing sum being placed on deposit duriiig the year, whhch was
eariiing 5.1 Q/0 by tlie ycar eiid.
Le
ac
Wc received an iinexpected legacy of just under £21,000 fron the estate of Paul Jones, who
had kiiidly taken a great philanthropic inieresi in the John Moore Museum in previous years
and from whom at one time we had been rec¢iving significant annual donations.
Overview.
Despite the fall in our total funds of £1 04,399 in 2023 and of £54,340 in 2022, we should
reineinber that we did acliieve a £115,849 gain in 2021 and these accounts for 2024 show
anothei. ii)ci'ease of £29.095. Averaging tlie results of the last four year5. only shows an aveTage
deficit of some £2,273 per year, noi far off bre8keven. The directors were therefore able to
resolve that in their opiiii(>ii there were no doubt5 tliat the charity reiDains a going Concern.
Our lieriiage assets cannot be sold and, as a resLIIt, are Shown in these accounts at cost rather
than at market value (see note 10). It is of som¢ interest that a report commissioned in 2022 of
tl)eir replacenient value for insurance purposes totalled £16,400,000-an increas¢ of £4,400,000
ovei. tlie last four years.
Properties refurbishm¢Dt fund (designated fund)
The Charily s continuing and recuri'ing obligations to repair. Inaintai￿ insure. preserve and
improve the inalienable liistori¢ land and buildings in its care cannot always be entirely funded
in the year that tliey are incurred. A contingency fund is reqliired foi. unpredictable, irregular,
SLibstantial and often veiy expensive repairs to roofs, strLlCtural timbers and oiher major
eleinent5 of the bLiildiiigs- repairs that miglit not arise as a consequence of insLirable perils such
as fire, storm and flood, and thus may fall to be C￿rIed out eiitii'ely at ilie Trust's expense.
Moreover, significaiit resources are needed to fund a rolling programme encompassing those
InajoT works of maintenance, renovation, preservation, refurbisliinent or enhanceffleni that can
to soine exteiit be planned, makiiig ihe most of the iiievitable void periods to upgrade the
properties aiid to reduce the risk of emergency repairs in tlie fuiure.
AltIiou￿ ideniifiable projects and indicative figures are taken inio account in lh¢ Charity's
finaiicial planning, the Directors of the Trustee Company do not fomally allocate specific
portioi)s of tlie dcsignated fund to defined schemes, as it is not always possible to predict with
any confideiice wlien they will be implemented or what the costs might be. At the y¢ar end the
fiind stood at £562,862 (2023 £510,960).

ABBEY LAWN TRUST
REPORT OF THE DIRECTORS OF THE TRUSTEE COMPANY (Continued)
FINANCIAL REVIEW (continued}
The reinstatement value of our buildings for insurance purposes totals some £16,400,000. TI)is
high figure reflects the fact that all our properties except one, are listed as architeciurally
irnp(irtant, the very great majority being given grade I status. They comprise iwo medieval
stone buildings, two residential houses of traditional brick or stone construction, the Old Baptist
Chapel {converted from a late medieval timber framed hall house) and the rcmainii)g 17
medieval terraced cottages of timber frame construction with brick infill. Thus, they inevitably
tend to be very expensive to repair. The value of the properties, refurbisliment fund at tlTre year-
end of £567,642 rcpresenls a mere 3.460/0 of this high rebuilding cost. Tlie dircclors consider
this fund needs to b¢ increased to c105er to 5 % of the rebuild costs to be adcquate.
Reserves w)licy
The Directors of the Trustee Company have adopted a policy to maintain general unreslricled
income funds (taking one year with another) at a level of abolit £20,000 at current prices,
effectively as 'working capital. The Directors keep the policy under review and monitor ils
application on an annua] basis. Al the yeaT-end these funds stood at £20,000 (2023 - £20,000).
Reserves of £878,920 (2023 - 849,825) include unrestTlCted fund5 of £20,000, dcsignated funds
of £578,858, iestricted fiinds of £50,039 and permanent ei)dowment5 of £230,023.
The permaneiit endowment fund represents the endowment of properties held primarily foT the
PUTpose of fulfilling the Charity's objects of conservation and environmental improvement, in
addition to a small investment.
FUTURE PLANS
All further work on the extensive refurbishment Of 50 and 51 Church Street has been siispended
for the time being, aliiiougli tlie directors are satisfied that the external conditioii of tliese two
properties is in good condition. Our charitable object of preserving tlie5e two buildings for
public benefit therefore continues lo be mel. However, except for the old caretaker's flat in No
50, which we refurbished in 2023, Ihesc two PToperties are not producing income. as IlieiT
internal layout is very inconvenient, the expense of their improvement is dauntiiig. and the
potential rental income quit¢ disappointing.
In view of the poor performance of the Car Park in 2024, the directors have now reviewed
several optioiis and decided that it's future management will be contracted out to a specialist
firm- Apcoa. For a percentage of the taking5, this firm will riin the car park on our behalf. We
hope that by inlroducing car parking charges on Sundays and by a more determined policy of
fines for not displaying tickets, the car park income will increase.
We are considering the purchase of the freehold of a nearby property, the acquisltioii of whicli
will bc ¢ompatible witli our charitable objects.
RISK MANAGEMENT
The risks to the Trust's ability io continue its a¢livities are kept constantly under review. The
most sigTiificant are a reduction in cash flow, a loss in value of invested fuiids. and a draiii on
reserves in the eveni that future needs, contingencies or opportlinities were to aris¢ in any year
or sequence of years, costing iTJiJ¢h more than could be affoTd¢d from available revenues.

ABBEY LAWN TRUST
REPORT OF THE DIRECTORS OF THE TRUSTEE COMPANY {Continued)
RISK MANAGEMENT (continued)
Risks ro generation are controlled by'.-
(al iiiaiiitaiiiing lettiiig properties in a fair state of repair and to a rea%oi)able standard of comfort,
eiicouraging teiiants to remain in occupation in the medium term, and aiiracting replacement
teiiants witl) miiiiinal difficulty or delay.
(b) preserving a variety of property tyFs with appropriate use consent5 SULtable for occupation
by a rdnge of residential and commercial ienants.
{c) taking opportunitie5 to rcview rents and update lenan¢y terms.
(dl setting parking tariffs that take accoiint of those levied by the Borough Council. our only
coinpelitor for off- street short-stay parking in (he heart of the town.
Cash flow also depend5 on external factors beyond the Charity's conirol, Slieh as the
aitractiveness to visiiors and the e¢onomic healtl) of tlie towii of Tewkesbury, lo¢al and national
ti"ansport policy. and tl)e iinpact of severe weather, especially floodii)b. Casli flow was negative
for 2023. but has increascd to just over £31,000 this year (including a one off legacy of
£20,923).
Our inveslineiit advisor has instriictions to review our investments quarterly and not to increase
tlieir I'isk facior to a greater figure than 5 out of a maximum of 10. Tlii5 sl)ould Ininiinise the
risk of a loss arisiiig froin a serious deterioration in quoled stocks.
The risk of major expenditure is reduced, as far as possible, by insurance against the usual
perils, by a recent expert review of sums assured, by regular inspection of tlie slate of the
properties. and by judicious and timely spending of reserve5 on repairs and maintenance.
Finally, internal risks are mii)iinised by the implementation of a range of procedures appropriate
to tl)e circuinsiances, such a5 the use of a secure pay-and-display machine, Inonitored by CCTV,
fron) wliich ¢asl) is collected by a specialist coniractor. The ainounts so collected are rcdiicing
as Inore contactless payinents are being proce55ed via the pay-and-display machine. Le55 cash
iq now l)andled in the museum following the acquisition of a credit card machine also with a
coiitactlegs paymeni facility. Systeins are also in place for the autliorisation of nearly all
payinent transaction5 at Trustee level. Project approvals, and the regular review of financial
inforinatioi) keep clieck of expenditure.
DECLAIL4TION
I declare in my capacity as Director of tlie Abbey Lawn Trustee Company Limited that the
Dire¢iors of the TrLlStee Company have approved the foregoing report and have autliorised me
to SI￿ ir on their behalf.
ZLf
JOHN YORKE
On behalf of Tl)e Abbey Lawn Trusiee Company
10
Date.......

ABBEY LAWN TRUST
STATEMENT OF DIRECTORS OF THE TRUSTEE COMPANY*S RESPONSIBILITIES
Law applicable to charilies in England & Wales requires the Directors of the Trusiee Company lo prepare
ac¢ounis for each finan¢ial year which give a fTue and fair view of the Charity's fillancial acrivilies during
the year and of ils financial position al the end of the year. In preparing accounts giving a true and fair
view, the directors of the Trustee Company should follow best practice and..
select suitable accounting polieies and then apply them consistently.
• make judgements and estimates that are reasonable and prudent.
state whether appli¢able accounting standards and statements of recomm¢nd¢d pra¢li¢e hav¢ been
follow¢d, subject to aiiy departures disclosed and ¢xplain¢d in the a¢couiits'
prepare the accounts on the going concern basis unless it is inappropriate lo presum¢ that thc Cl)arity
will continu¢ in operation.
The Directors of the Trustee Company are responsible for keeping accounting records which disclose
with reasonable accuracy ih¢ fii)ancial position of the Charity and which enablc them to ascertain tlie
financial position of the Cliarity and which enable thern to en5ur¢ that the accounts comply with the trust
deed. They are also r¢sponsible for safeguarding tli¢ assets of tlie Cliarlty and hence for taking reasonable
steps for the prevention and deteetion of fraud and other irregularities.

INDEPENDENT EXAMINERS, REPORT TO THE DIRECTORS OF THE TRUSTEE
COMPANY OF ABBEY LAWN TRUST
l Teport on the accounts of tl)e Abbey Lawn TrLlSt for the year ended 31 Mar¢h 2024, which are set out
in pages 12 to 26.
Respective responsibilities of directors of the Trustee Company and examiner
The Dir¢ctors of the Trustee Coinpany are responsible for the preparation of tlie a¢counls. The Directors
of the Ti'usiee Coinpany consider that an audit is not requilEd for ihis year (under section 144 of th¢
Cliariiies Act 2011 (the A¢t)) and that an independent examination is ncrded.
It is Iny responsibility to..
examiiie the accounts (under section 145 of th¢ Act).
to follow the procedures laid down in the General Dsrections given by the Charity Commissioners
(Liiider section 145{5}(b) of the Act)., and
to state whether particular matters have come to Iny attention.
Ba5l5 of indeptndent eTamlners' report
My exailliiiation was cari'ied out in accordance with the General Directions given by the Charity
Commission. An exainination includes a review of the accounting records kepi by the Cl)arity and a
coinparison of the accounts presented with tliose r¢¢ords. It also incliides consideration of any unusual
iteins or disclosiires in thc accoiints. and seeking explanations from the directors of the Trustee Coinpany
coiicei'iiiiigi aiiy sucli Inatte15. The procedLires undertaken do not provide all tl)e evidence that would be
r¢qiiired in an aiidit, ai)d coiisequenily iio opii)ic>ii is given as to whethei. the accouiits pi'esent a'true and
fail. view and the report is limited io ihose InalteTS set out in the statenient below.
Independent ex)miners' statement
I l)ave completed Iny examiiiation. I confirm that no material )natters have com¢ to my attention in
coiinectioii with the cxamination which gives Ine cause to believe that in, any material respect:
the accounting records were i)ot kept in accordance with section 130 of the Charities Act- or
tli¢ accounts did not accord with tl)e accounting records. or
tlie accounts did i)ot comply with tlie applicable requirements concerning ihe form and content
of accoiinls set out in the Cl)arities {A¢counts and Reports) Regiilations 2008 other than any
requirement that tlie accounts give a 'true and fair, view iyhicli is not a matter considered as part
of an indepeiident examination.
I have no concerns and have come acr055 no other matters in connection wilh ihe examination to which
atteiition sliould be drawn in this report in order to eiiable a proper Linder5tanding of the a¢counts to
reaclied.
Scotl Lawrence FCA DChA
HAzlewoods LLP
Chartered Accountants
Windsor House
Bayshill Road
Chcllenham
GL50 3AT
DAte
12-

ABBEY LAWN TRUST
STATEMENT OF FINANCIAL ACTtVlTIES
for the year ended 31 March 2024
Restricted
Unre5tTLCted D¢sign2ted Endowrnent
FuNd5
Funds
Funds
Total
2024
Total
2023
Note
INCOME ATrID
ENDOWMENTS FROM:
Donations and legacies
Charitable activities=
Museum receipts
OtheT trading aetivities:
Car park receipts
Investments
Other..
Properly rents r¢¢eivable
21,561
21,561
2,775
18,593
18,593
10.920
58.722
14,739
58,722
14,739
66,461
10,646
141,190
141,190
134,438
TOTAL INCOME
254.805
254,805
225.240
F.XPENDITURE ON
Charitablc actiyities:
Museum expenses
Upkeep of garden
Depreciation
Raising fund5:
Car park expenses
Other:
Property ¢xpenses
83,985
18.529
83.985
18,529
22.807
77,336
16,954
ioiii
1,341
21,466
39,626
39.626
33,169
97,808
97.808
141,948
TOTAL EXPENDITURE
239,947
1,341
21.466
262,754
292.602
Nel incomingl(outgoing) resources
before tran5fer5
and gainsl(losses} on investtDents
14,858
(1,341) (21,466)
(7,959} {67,362)
{Loss)/profit on disposal of
investJnents
12
Profitl(loss) on revaluation of
inv¢slments
12
37,044
37,044
{37,037)
Net incomel(expenditure)
17
51,902
(1.341) (21,466)
29,095 (104,399)
Transfers between funds
17
(51,902)
51,902
Net movement in funds
50,561
(21,466}
29,095 (104,399)
FUNDS BROUGHT FORWARD
20,(KIO
528,297
301,528
849,825
954,224
FUNDS CARRIED FORWARD
20,000
578,858
280,062
878,920
849.825
13

ABBEY LAWN TRUST
Charity number: 201845
BALANCE SHEET
31 March 2024
Note
2024
2023
FIXED ASSETS
Heritage assets
Tangible fixed assets
Investmeiit5
io
230,023
66,037
488,804
230,446
88,419
461.626
12
784,864
780,491
CURREf4T ASSETS
Debtor5
Cash at baiiks
13
14
11,042
96.693
14,973
60,452
107,735
75.425
CURRENT LIABILITIF.S
Creditors diie within one year
Is
(13,679)
(6,091)
NET CURRENT ASSETS
94,056
69,334
TOTAL ASSETS
LESS CURRENT LIABILITIES
878.920
849,825
FUNDS
Uiil'estricled fiinds
tksigiiated funds
20
19
20,000
578,858
20,000
528,297
598,858
548,297
Restricted funds
Permanent endowment funds
18
18
50,039
230,023
71.082
230,446
878,920
849.825
Approved by the Board of Directors of the Trustee Comparby on 8, November 2024 and signed on
their behalf by:
JYOR
E (Director)
A MACKINNON (Director)
14-

ABBEY LAWN TRUST
L¥OTES TO THE ACCOUNTS
for the year ended 31 March 2024
ACCOUNTING POLICIES
The account5 have been prepared underth¢ historical cost convenlion, as modifi¢d by tlie inclusion
of iiivestments at market value, adopting the following principal accouiitiiig policies, all of M,hicli
are in accordance with ihe Statement of Recommended Practice.. Aecounting aiid Reporting by
Charities preparing theiT accounts ill accordan¢e wilh the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) effeclive l January 2019 and the Charities Act 2011.
Any departures from these standards ar¢ only to the extent required in order to provide a"tru¢ and
fair view"
The Charity con5titute5 a public benefit entity as defined by FRS 102.
Ineojning Resources
The Cliarity has five main income streams,. donations and grants. car park receipts. investment
income* property income and museum receipts.
Income from Inuseum receipts are considered to arise from the activities performed by the Cliarity
lo meet its objects and ar¢ therefore allo¢al¢d under, Income from Charitable acliviiies,.
The car park is situated on surplus land held by the Charity and is I'uii for tlie PUTPOSes of pi'oviding
fLinds. along with the investment portfolio and rental in¢om¢ froin the properties. to support the
performance of the charitable activities. These sources of in¢ome are therefore described under
'Income from other trading activities,.
Donations aiid grants receivable for specific purposes are credited to the Statement of Financial
Activities in the year to whicli they relate as soon as conditions for receipt l)ave been met.
Donations or grants for immediate financial 5UPPOrt, or received against costs previously
invoiced, are r¢¢ognised immedialely in the Statement of Finan¢ial A¢tivitie5.
Cbaritable Eipenditure
All expenditure is included in the accounts as soon as il is ineurred.
Costs are allocated by activity in line with the allocation of income. The nature of the Charity 15
such tliatthere are no support costs. Costs of external SCTUtiny. investineni advice, cliarity structure
and other costs not directly related to charitable activities are included in governance costs. These
costs are allo¢ated a$ Set out in note 7 to the a¢counts. The irrecoverable eleTnent of Value Addcd
Tax is included with the item of expense to which it relates. Depre¢iation is allocated to
expenditure headings on the basis of the use of the assets concern¢d.

ABBEY LAWN TRUST
NOTES TO THE ACCOUNTS
for th¢ y¢ar ended 31 March 2024
ACCOUNTING POLICIES (Continued)
Tangible Fixed Assets
All resource5 expended on acquisition, enhancement and installation are Capitalised as fixed
asseis.
Tangible fixed assets are stated in the balance Sheet at ¢ost, less depreciation. Depreciation is
talciilated to write off the cost less estimated residual value of tangible assets over their estimated
useful lives ai the followiiig rates per annum:_
Freehold land and buildings
Freehold property improvements
EqLiipinent
Old Bapiist Cliapel leaseliold
IOQ/o of written down value
20-25Q/o of written down value
I ￿/0 Straight line from l April 2016
Heritage assets
All il)¢ l)istoric fiEeliold pi'operties that the ChaTlty holds are classified as heritage assets. Details
can be foiind in note l O.
Grant5
The Charity occasionally awards grants when appropriate ¢ircumslances arise. Such gratits are
recognised when paid.
Inve5tment5
The ii)vestments are lisied on a Tecognised stock cxchange and included at fair value in the balance
sl)eet. All movements in value arising from investtnerjt changes and revaluations are ineluded in
the Statement of Financial Activities. There are no unlisted investrnents.
T8xfition
The TTUSI is a registered charity. The results of its normal a¢iivities are not liable to income tax.
Funds
Tlie Cliarity has endowmeni, restricted and unrestricted funds. Further details of these funds can
be found in notes 16 to 20.
Going eoncern
The Triiste¢s assess whether the use of going concern is appropriate, i.e. wheiher there ar¢ any
ii)aierial uiicertainties related to events or conditions that may cast sigiiificant doubt on the ability
of (he Cliarity to ¢oiitinue as a going concern. On review, Ihe Trustees liave concluded that they
al'e to adopt the going concern basis in preparing these financial statements.
16-

ABBEY LAWN TRUST
NOTES TO THE ACCOUNTS
for the yeaT ended 31 March 2024
DONATEONS AND LEGACIES
2024
2023
The Wild E5capc- mus¢um development fund grant
Cliarity Aid Foundation donation
Brlstol City Council
Olou¢estershire Museums
Legacies
2,700
75
254
384
20.923
21,561
2,775
All income for the year from donations and lega¢i¢s was unrestricted income, as it was in 2023.
JOHN MOORE COUNTRYSIDE MUSEUM
2024
2023
Income
Entran¢e and atl¢nd8n¢e f¢es
18,593
10,920
General expenses
General museum expen5e5
Deinonslrations and events
Gov¢rnan¢¢ costs
16,739
811
,241
13,321
2,903
704
18,791
16,928
Museum staff ¢osts
65,194
60,408
83,985
77,336
Net defjcit of the Museum
(65.392}
(66.416)
All income from entrance fces and donations for th¢ year was unrestricted income, as it was in
2023. In 2024. £Nil (2023.. £3,161) of expenditure came from restricted funds. The remaining
£83,985 (2023.. £74,175) was from unrestricted funds.
17

ABBEY LAWN TRUST
NOTES TO THE ACCOUNTS
for tlie year ended 31 Marcli 2024
CAR PARK
2024
2023
Income
Takings
58,722
66,461
General expenses
Attei)dant's employineni costs
Natioiial noi)4omestic rates
Casli collection and other cost5
Governance costs
26,050
2,064
7.594
3,918
21,541
1,792
5,550
4,286
39,626
33,169
Net income from the car park
19,096
33,292
All car park incoine for the y¢ar was unrestricted income, a5 it was in 2023. All expenditure was
from iinrestricted funds in both 2022 and 2023.
INVESTMENT INCOME
2024
2023
Bank deposit account interest
Structiired products iiiterest
Dividends reinvested
Interest reinv¢sted
3,280
3,375
7,273
845
3.375
5,927
499
14,739
10,646
All inves(ment income for the year was unresiricted income, as it was in 2023.
18

ABBEY LAWN TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 March 2024
PROPERTY
2024
2023
Income
Rents and otheT property income
141,190
134.438
Expenditure
Land agent's fees
Insurance
Repairs and renewals
Professional fees
Other expenses
Gov¢rnan¢e ¢osls
16,371
22,982
18,554
19,896
10,266
9,739
21,026
20.542
70,074
11,220
10,416
8,670
97,808
141,948
Net ineome from properties
43,382
{7,510)
All property income for the year was unrestricted income, as it wa5 in 2023. All expenditure was
from unrestricted funds in both 2023 and 2024.
19

ABBEY LAWN TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 March 2024
GOVERNANCE COSTS
2024
2023
Independeiit exainination fees
Accountancy fees
Professional fees re investments
Bookkeeper's fees
Christinas lunch costs
Pensioii planning fees
Bank charges
SLindry costs
750
2.953
7,146
950
405
720
3,000
7,486
225
502
550
12
1,165
409
2,285
14,898
13,660
Governance costs were allocated to other expenditure on the following basis..
Governance costs:
2024
2023
Basis of apportionment
Property expense5
M115euin expenses
Car park expenses
9,739
1,241
3.918
8,670
704
4,286
Income
Income
Iii¢ome
14,898
13,660
All governance costs related to unrestricted funds in both 2023 and 2024.
STAFF COSTS AND NUMBERS
2024
2023
Salarie5 and wages
Social security ¢OSts
Pension conlributions
75,677
6,527
9,040
74,577
1.068
6.304
91,244
81,949
No employee received eTnoluments of more than £60,000.
Directors of the Triistee Coinpany received no remuneration in the year (2023.. Nil) and were not
reimbursed for aiiy of their expenses in the year (2023: Nil). The av¢rage weekly number of
¢mployees diiring the year was 4 {2023'. 3).
-20-

ABBEY LAWN TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 March 2023
NET INCOME FOR THE YEAR
2024
2023
Net ineome is stated after charging..
Depreciation
Independent Examiner's fee
22,807
750
23,195
720
Accountancy fees of £2,953 (2023.. £3,000) were also paid to the Independent Examiner.
10 HERITAGE ASSETS
Th¢ land and prop¢rli¢s v¢sled iii th¢ Trusi cannot be sold, because they are held for the Charity's
objects of preservation and conservation. They therefore qualify as 'heritage assets, and tl)e value
of the land and propcrtics is shown al cost rather than al market value. Where the aetiial cost of
certain properties 15 unknown, valuations attributed to thosc properties at l April 2002 are treated
as the equivalent of cost. Th¢ titlc to the land, which had previously been held iii the iiames of tlie
indivsdual tiiistees, was transferred to the new Trustee Company with effect from 9 Augllsl 2006.
bul ihe cost of the land continues to be shown in the books of the Trust.
Cost
At l April 2023
Additions
277,888
At 31 March 2024
277.888
Depreciation
Ai l April 2023
Charge for year
47,442
423
At 31 March 2024
47,865
Net book value
At 31 March 2024
230,02)
At 31 March 2023
230,446
Depreciation of £423 (2023 - £472) related lo endowrnent funds.
21

ABBEY LAWN TRiIST
NOTES TO THE ACCOUNTS
for the year ended 31 March 2024
11 TANGIBLE FIXED ASSETS
FTeehold Leasehold
Fixtures
Fittings &
EquipTnent
Total
Cost
At l April 2023
Addition5
9,283
210,431
75,174
294.888
Al 31 March 2024
9.283
210,431
75,174
294,888
Depreciation
At l April 2023
Charge for year
139,349
21,043
67,120
1.341
206,469
22,384
At 31 March 2024
160,392
68,459
276,716
Net book v8lue
At 31 Marcl) 2024
9,283
50.039
6.715
66.037
At 31 March 2023
9,283
71,082
8,054
88,149
Depreciation of £1,341 (2023 £1,680) related to designated funds.
Depreciation of £21,043 (2023 - £21,043) related to restricted funds.
-22-

ABBEY LAWN TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 Mar¢h 2024
12 INVESTMENTS- LISTED
2024
2023
Market value
At beginning of year
Additions
Dividend5 reinvested
Interest reinvested
Management fees paid
Rcalised {lossesygains
Unrealised gains/(losses)
Disposals
461,626
499,730
7,273
5,927
499
{7,493)
(7.146)
(710)
37.754
(10,804)
(37,037}
At end of year
488,804
461,626
All investments are carried at their market value. Investments in equities, fixed inleTCSt securities
and invcstment trust5 are all traded in quoted public markets, priinarily the Loiidoii Stock
Exchange. All of the investinenls above relate to listed investments.
The listed investments at 31 March 2023 aErf)ve comprise the following=
2024
2023
Quilter investments
Investec FTSE 100 Defensive Income Plans
IDAD
385,411
49,635
53,758
358.858
48.643
54,125
488,804
461.626
13 DEBTORS due within one year
2024
2023
Cash in Fisher Gerjnan client account
Prepayments and other debtors
9.934
1,108
10,257
4,716
11,042
14,973
23

ABBEY LAWN TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 March 2024
14 CASH AT BANK AND IN HAND
2024
2023
Current ac¢ount
COIF Cliaritie5 Deposit Fund
7,426
89,267
1,581
58,871
96,693
60,452
15 CREDITORS due within one year
2024
2023
Aecruals and deferred in¢ome
Othei. creditors
12,179
1,500
4,591
1,500
13,679
6,091
16 ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Capital funds
Restrictedl
endowment
Income funds
Designated Unrestricted
funds
funds
Total
funds
Tangible fixed assets
Investmenis
Ciirrent assets
Currei)t liabilities
280,062
15,998
488,804
74,056
296,060
488,804
107,735
{13,679)
33,679
(13,679)
280,062
578,858
20,000
878,920
2023
Capital funds
Restrictedl
eDdowment
Income funds
Designated Unrestricted
funds
funds
Total
fund5
Tangible fixed assets
Investinents
Current asset5
Current liabilities
301.528
17,337
461,626
49,334
318,865
461.626
75,425
(6,091)
26,091
(6,091)
301,528
528,297
20,000
849,825
-24-

ABBEY LAWN TRUST
NOTES TO THE ACCOUIYTS
foT the year ended 31 March 2024
17 NET MOVEMENT IN FUNDS
2024
Restrietedl
endoivment
(Note 18)
Designated UnTe$trieted
funds
funds
(Note 19)
(Note 20)
Total
funds
At l April 2023
Nel (oulgoing)/incoming
Re50UTces foT the year
Transfers
301,528
528,297
20,000
849.825
(21,466)
(1,341)
51.902
51,902
{51,902)
29,095
At 31 March 2024
280.062
578,858
20.000
878,920
2023
Restrictcdl
endowment
(Note 18)
Designated Unrestrieted
funds
funds
{Note 19)
(Note 20)
Tot#1
funds
At l April 2022 (as restated) 326,204
Net outgoing resources
(24,676)
for the year
Transfers
608,020
{1,680)
20,000
{78,04J)
954,224
(104,399)
(78,043)
78,043
At 31 Mar¢h 2023
301,528
528,297
20,000
849.825
25-

ABBEY LAWN TRUST
NOTES TO THE ACCOUNTS
for tlie year ended 31 March 2023
18 PERMANENT ENDOWMENT AND RESTRICTED FUNDS
Permanent
endowment
Restricted Old Baptist
fund
Chapel
Total
Al l April 2023
Net expendiiure
for tlie yeai.
230.446
71,082
301,528
(423)
(21,043)
{21,4661
At 31 March 2023
230,023
50.039
280,062
Tlie pei'inanent endownient fund Tepiesents the endowmeni of properties held primarily for the
purpose of fiilfilling the Charity's objects of conservation and environmental improveinent, in
addition to a small inv&ttnenl.
Tlie restricted fund represents amounts received in previous years, which the donor specified
should be used for tlie benefit of the John Moore CouFJiryside Museum.
The Old Baptist Cliapel fund I'cpresents the nei book value of tlie Old Baptist Chapel leasehold,
wliicl) is held by tlie Trust, tlie purchase and improvement of whi¢h has been met froin income
funds restricted for that pui'p05e.
19
DESIGNATED FUIYDS
Wasting
assets
Prop¥rtles
refurbishmeDt
Total
Ai l April 2023
Depreciation (note I l )
Transfer froin unrestri¢ied fund5 (note 17)
Additions (noie I l )
17,337
(1,341)
510,960
528,297
(1,341)
51,902
51.902
At 31 March 2024
15,996
562,862
578,858
Tlie wasting assets fund represents the net book value of fixlur¢s, fittings and equipment used in
Ihe Trust's activities, the oi"iginal piircl)ase of which had been tnet from unrestricted income fund5.
The properties refurbishment fund represents resources set aside fmm unrestricted income fund5
to meet the Charity's continuing and reeurring obligations to repair, maintain, insure, preserve and
iinprove tlie inalienable historic land and buildings in its ¢are.
26-

ABBEY LAWN TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 March 2023
20 GENERAL UNRESTRICTED FUNDS
The general unrestricled funds, taking one year with another, are maintained at a level of about
£20.000 in accordance with the Charity s reserves policy. The funds comprise all the net current
assets of the Cliarily that are neither restricied nor designated. as follow5.
Debtors
Cash ai baiik in hand
Less.. cashlassets held as restrictedldesignaled funds
Creditors
11,042
96,693
(74,056)
(13,679)
20.000
In order to maintain the Icvel of unrestricted funds, the Directors of the Trustee Coinpaiiy have
authorised arl appropriate transfer to designated funds.
21 RELATED PARTY TRANSACTIONS
There were no related party transactions during the year to 31 March 2024.
22
EX-GRATIA PAYMENTS
No ex-gratia payments were made in the year to 31 March 2024. Duriiig the year to 31 March
2023, an ex-gratia payment of £2,0￿ was paid upon retirement to the curator of tlie John Moore
Countryside Museum.
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