Cliarity I'egisti'ation iiumbei. 208584
Friends of Sherborne Abbey
Trustees, Report and Financial Statements
For the Year Ended 31 December 2024

W, Iii
Photograi)hs.' Josie Sturgess Mills Photography

Frlends of Sherborne Abbey
Contents (continued)
Rcfw¢iir¢ and Adinini51ratiYe Details
Trustees, Report
2to9
Indepcndeiil Examiner's Rcport
10
Stalcment of Financial ActLvilies
Balonce Sheet
12
Notes to the Financial Stat¢m¢nts
13to21

Friends of Sherborne Abbey
Reference And Administrative Details
Pre51dent
Tli¢ Right Reverend Nicholas Holiam MA
PAtrons
Thc Right Reveirnd Tijnoiliy Thornton MA
The Very R¢ver¢lld Robert Willis DL BA
(Died Oclob¢r 20241
Trustees
The Reverend Martin Lee
Chainnan
Mr David Ferguson
MT JoDaihall Rodd (resigned April
20241
Mrs
AlexandTa
(appointed April 20241
Mrs H¢nri¢tla Paul {appoint¢d
April 20241
Churcliwèrden
Churchw&rd¢D
McKenzie
Churchwarden
Churcliw#rden
Treasurer.
secretary
and
rcprc8entalive of Sherborne
School
Dr Chris H3mo
Mr Philip Proui (resigned August
2024)
Hortoi*ry
S¢cT¢lary
C[￿In￿an of PCC Fabric
Commillee
Public8ti0rb5
Mr Michael Keatinge
Mr5 Jacqueline BÈkeT
Mrs Franc¢5 Gomme-Duntan
Electcd member
Elected memb¢r
Mrs Saniantha Henderson
Elected ynember
Mrs Hilaiy Leavty
Mr Bill McD¢Trllott
Blected member
Elected mcmber
Canon Charles Mitchell-lttll¢s
208584
Elected m¢mber
Charlty Reglstrotlon Number
Principal Office
3 Abbey Clos¢
Slierboine
Dorset
DT9 3LQ
lan Dodds
Cliartcrcd Atcounlanl
Lanhcim & Franci5
77d Cheap Stre¢l
SherboiTr¢
Dorset
Independent ExAmlntr
DT9 3BA
Page I

Friends of Sherborne Abbey
Trustees, Report
The Irusiee8 present Ilie annual report together with th¢ fJnanci&l slatcinenls of the charity for the year ended 31
D¢c¢mb¢r 2024.
Trustees
The R¢v¢Tend Martit) tt¢
ChliTt￿n
Mr David Fergu50n
Mr Jonailian Rodd Ire5igncd April
20241
Mr5
Al¢xandrg
(appoinlcd April 2024)
Mrs Henrieiia Paul (appointed
April 2024}
ChurchwaTden
Churchwarden
McK¢n71¢
Churchwarden
ChuirhwHrd¢n
TrcaSU￿r.
Secretary
represeniaiive of Sherbome
School
Dr Chris Hamon
MT Philip Piout11¢5ign¢d August
20241
Ilonorary
SeciEtary
Chairman of PCC Fabr*c
Cotnffliitec
PublicatLOn5
Mr Michael Kcatin8e
MTS Jacqueline BaktT
Mrs Franc¢8 Gonune-Duncan
El¢ol¢d member
Elected member
Mrs SaJnantl￿ Hcndcrson
Elccied Jnember
Mrs Hilary LEavey
Mr Bill McDermoti
El¢cted ¥n¢tnb¢r
El￿ted member
Canon Charles Mitcliell-Innc5
Elected member
ObJectlve5 and Y4Ctlvltles
ObJÉei& tsiidolms
Th¢ obj¢rtS #1¢ to SUPPOTI th¢ upkeep of the fabric of Shetborne Abbey.
Objecilves, Mraiegies ftiidacriviiles
The activities undertaken by the chariiy during the year aiE detailed in the reports thdt follow.
Fuiidmising disclosures
The piineipal fundin¥ of Ilie charity arises from inembers, subscriptiorts, donlltions, bequests, a5 ￿11 B5 Ihg Salt
of publications in the Abbey.
Piibli¢ beiiéfil
Tli¢ putP05c of thr FTL¢nds of Sh¢i'boTn¢ Abbey is to bind lo¥¢theT all th05¢ who love Sh¢rboEn¢ Abbey in their
desire lo lak¢ part in preseTving it for post¢rity.
Th¢ truslccs confii'm that thcy havc COTnplied witli Ihc I'equircincnts of scction 17 of the Charities Act 2011 10
have due regard lo ihe public benefit guidajice published by the Charity ConJmissiott for England atjd Wal¢s.
Achlevemenls perfornjante
Dclails of aclivilics undertaken during the ycar, a5 WCII as future plans are contained within the individtsal
reporis Iliat follow.
Pag¢ 2

Friends of Sherborne Abbey
Trustee5' Report (eontinued)
CHAIRMAN'S WELCOME
Caring for Ihe fabric of our beautiful Abbey is both a greaijoy and a sigllificanl T¢5ponsibilily, Tli¢ only way lo
carc for a building such as this is by constantly inspecting tli¢ buildin8 and ensuring thai repasTS arc tackled
proiDpily aiid carried out to th¢ best ofour ability.
Thc fabric of our magnificent Abbey can only be earcd for itl this way through th¢ 8¢n¢rostty of the Fricnds. On
reading this r¢port* you will no duubt b¢ 8ble to 8ee how ffluch work has been ratried out itt the past year.
N4y wclcome also ¥iv¢s me a unique OPPOTlunity lo express our rnost sincere thank5 to all who have given 80
generously toward5 the work on Ilie fabi-ic of our building. Pl¢a5e know thai il is iievcr lak¢n fgT ¥ranted but
deeply apprecia*d.
I hope you enjoy reoding this rcport. Please 85k to be showtt som¢ of thc work done in the past year look at
wlial has been 8rhievcd.
With my very best wishes and most 8inccre Ihartks foT all you have done in supporting u5 in the past year and all
that you will Coiilinue lo do in hclping tss with your continued support.
The Reiyi'eitdmthi'iin Lee
Recioi. ofSlJerboriieAbbey
PlJnlog14¥pli . J(AFie Siiiigess Mill.¥ Pliologiaplij,
PaEC 3

Friends of Sherborne Abbey
Trustees, Report (continued)
CLERK>S REPORT
2024 saw a full programm¢ of events oveT th¢ LQUTSe of lh¢ y¢ar.
Tlie yedT &tarted with a presentaiiort from Francis Browtt, the Friends spoiisored PhD studetti who is cunEnily
produ¢in¥ the Cu]JsErvativn MaDa¥em¥ni Plnn. He des¢Tibed ihe aiTtJs ofhi5 PhD and th¢n ¢xpanded on Ihis by
de5cI'ibing the development and advance of ga5 lighting in Sh¢TboTne.
W¢ thEn had the first of two $ut¢¢$sfiJl, attd increasingly popular, Coffee mtsniiiig$. Whilst th¢5¢ a￿ not
intendcd to be fund I'aising. wc arc always grateful for the donalion8 to cover the expcnses and always gain new
members and make a few pounds for the Fi'iend5' funds.
In May we held our ACJM in the Abb¢y* wliicli was PTeceded by Choral EvEiisong sung by Tneillber5 of the
Abbey Choir with pr05ecco, slraivbeiTi¢S and cream to fortify the attendee5. We have jnei'gcd Fricnds day and
the AGM iiilo one Sunday evejii athd it would be good to make more of the Friends day portion and encoura8¢
greal¢r niett]betship fiorn tlie COll¥T¢g&lion.
As a new deparfure in June we introduced an afternoon tea a la Bath Pump Room with the lovely Helen
Cooiiib¢s on the piano. This was very %uctcssfiil. Tca was formal with piopcr china, sandwirhts and rak¢ and
the diners wej'e then encouraged io atlelld the gills Choir evensong ill the Abbey. On the back of IhLS success we
are ruttning Ihis again in 2025.
EaTly S¢pt¢mb¢r, th¢ Fri¢nd5 took a full to ViSlt Win¢h¢st¢i C8tl)¢drBI. Ther¢ wa5 somc fr¢¢ time to shop
and lunch, followed by a lour of thc CathedTal, l¢a in ¢h¢ Refectory and Evensong after which we retuined to
Sherborjie. 11 was good that our trips liave now become so successful thal we had a full coach and a reserves list.
Our trip in 2025 is looking al Exeler.
Dec¢mb¢i' 5?w th¢ miE)C¢ Pi¢S 8nd Inulled wine r¢c¢ption in th¢ Lady Chapcl prior lo reserved scating in Ihc
Abbey for the Darkness lo Light Advent Carol Service. This was very well attended and, as always, was a
eTnoiabl¢ And &lrnvsph¢riG event.
The8e events would not have been possible without ihe support of Jo Sams itt the Pari$h Offitt, to whoin l a]n
exlTemely gTalelul.
DJ- Cliiis Huiiion
Slttrboiite Abbgy Pttrisli oifsce
Page 4

Friends of Sherborne Abbey
Trustees, Report (continued)
CHURCHWARDEI NS, AND FABRIC REPORT
After the 5ubslaJJiial expendilure oli Ili¢ healing and lighiiiig projects in rhe Iwts PT¢ViOUS years. we have paused
to take breatli in 2024. R¢quireinenls from Tlie 2022 Quinqueniiial Siirvey have Inosily bcert resolved, bul wc are
still waiting for a contractoi. lo install safety T911s round the Nortli, West and South gable5. A5 nolcd last yeaT, W¢
have ￿[maTked £200,000 10 meei lh¢ n¢¢d for major WOTk in the nexi 5-10 y&its oji Ihc roofs of the Lady
Chapel and the South slope of the nave.
The Abbey's mllin coiicern in 2024 has been the Facilities Upgiade. This involves converting th¢ present vestry
block to ioil¢ts, enclosing th¢ area under the organ loft lo ¢reai¢ a new vestry, and Tecogiiising Ilje inulti-purp05e
se of th¢ Lady Chapel wiilJ a p¢rmanent hospitality unit and tt wheelchair lill. The PToject is slowly WOTking ils
way Ihroiigh approval* system. There have Iwo foTmal objections which will have to go through the
Congtsiory Court process. so Ihal the hDpe of Sta￿l￿g work in the spring is no loiiger viable.
A small fall of stone from a highly decorated baluslradE at the southwest Corner of the Abbey lcd lo detailed
condiiiort Teports covcring ihc masonry in this area and the bTaie.4 to the m&in porLh and west door. The
conservation work is currently being detuiled and w¢ expect to apply foi. a faculty during 2025.
Th¢ Friends are fijnding a PhD project under Exeter University to devclop a Conservation Management Plan to
record the history and current eircumslances of (he Abbey, providing R basis for i18 COtJ5¢Tvation and
managetnent for many years ahead. FrJiici5 Browm has accumulated an impressive amount of hisioritgl
infoHnalioii. presented in a first fvll drall of tlie main se¢tions, cU￿￿￿tIY being revi¢w¢d by key playe[5.
Mike KeGIEiige
P#¥¢ 5

Frlends of Sherborne Abbey
Trustees, Report (continued)
MCI MBERSHJP SECRETARY>S RE4 PORT
The Friends currenily has 316 Mejnbers. This is dowii by 17 011 2023. Over Ihe couige of Ihe year we g%ined 15
new nieii)bcr5 hut this was offsei by the loss of 32 mcmbcrs. l O of the5¢ sadly hgve di¢d. Of the remainin¥ 22,
16 liave becii icmoved liaving not paid in¢inbEr%liip for the last iwo years, despite remindcrs having been sent to
Ih¢ii lusi knjown conlaci addrcs5. 5 liav¢ resigiid having mvved away fTvm I]￿ area.
Whilst Ihe nuinbeis reinaiii h¢?Ithy bTi¢iids #Te ertcotsraged lo persuade friends and faiuily lo become IL¢inbe15
#nd help tss siipporl the woi'k to whicli Ihc Fricnd5 are committed. It would be good 10 see 2 few more mcmbers
of the regulaT Abbey congrcgation joirt tool
Di. Cliris
PUBLICATIONS SECRIZTARYIS REPORT
Asjolher Eood year for the sale of our publication5.
Card sales ￿Te once again bouyani with just under 20,000 cards being sold. and incirasc of nearly 2,000 ovcr
2023. The robin cards continue lo be a big 5cll¢r but viitulllly all of th¢ other cards sell well. Selling Ihcm in
packs of 10 seems ID hdvc becn a popular mov4 although we do hav¢ th¢ orcasional issue of cai'ds and
envelop¢5 being Temov¢d from p&Lks. This year we introduced two new cards, one of the Abbey al night and
one iviili a Clii'istrnas tr¢¢ by tlie MernoTi&I screen. Botli were popular with the Abbey onc sclling alm08t it5
entire sieck of 2,500.
Guide Book5- Th￿¢ Still aT¢ popularwith 820 sold last year and only around 4.200 left.
Thc big ncws on sales is that from Ihc 1st of August the Fri¢nd5 look over the tuiining of ihe shop. A small sum
ca £1,000 was 5p¢nt on lldding further shelving and lighttng and approximatcly £9.000 was spent on buying th¢
residiial slock froin ihc Abbcy. Thc Stock iiJ the shop wa5 then enhuncd with a few new lines. The ethos of Ihc
putchaseb was 4 fold. Relain and cnhance the cu￿nt caid rangc, rctain and ¢nhance tli¢ Taug¢ of r¢ligiou$
good5, IvIi¢i¢ p055ible have Abbey braiided goods and promolc gills aijd items sourced within the Westcounlry
aTta. Thi5 5e¢n)s to have been popular wilh lols of very favoiirable coniments. Also we iJitiDduced an honesty
paymcnt card machine alongside our hoii¢%ty box. Thi$ h85 proved very popular and has ceri8inly en]￿nced
t&kings. Siocklaking al the end of December showed that pilfeiing v¢ry miniTnal, if happrning at all.
The Shop colniJ￿ UEid¢L' th6 FrigtLd5 also coriEGled Ihe 51i¥hily awkward anom*ly ef the Friends cards bei*g sold
through the shop and then an estimate being made of numbers sold to claim back the cost from th¢ Abbcy.
Sales Iiave been bFood wiih th¢ shop l&king £30,000 between August and Ihc cnd of Deccmbcr. Piofils from Ihc
sales go directly to thc Friends with tt being iwn entirely on a voluntary basi5. D¢c¢mber's t8king5 WeTt around
£8,000. The first 7 Inonihs of 2024 took only £IO.000. Please do use th¢ shop and encourage fi'ieiids &nd family
to look in th¢ shop foi. gifts. l am always open 10 su¥gesiion8.
I am extrcmely grateful lo all the volunteers wlio help on a ￿tkIY basis in the shop. A fri¢ndly fac¢ bEhind th
counter Lertainly helpg salcs. If you are bored or feel you would like to help I an] always glad of Jnore cover
¢v¢n if it 15 only OJ) an ad hoc basi5 to ¢DVCT volunleei holidays and absences.
Di. Cliiis Haintsn
Shoii Mfjijugei.
Page 6

Friends of Sherborne Abbey
Trustees, Report (Contlnued)
TREASURfi R'S REPORT
FinRnclRI revie
The cliarily rccoTded a surplus for th¢ year of £20,21812023 deficil of £59,558), wliich incliides ￿nrealIsed
gains on inv¢5tments amounting to £19.24312023 £71,687).
At the y¢ar end th¢ chaTLty held reserves of£978.70812023 .. £958,490).
2024 w2s a year of coniinued invcstment into the fabric of the Abbcy althtstsgh on a smaller 5c&le than in thc
previous few ycaTS.
We madc final paymeiit towards the Teplaccmcnl botler5 and hcat pumps although this ivas only in the rcgion or
£15.000. Thi5 mcans thai ih¢ PToject lo upgrade the healing is now cojnpleie and tlie Abbey is noiv sccinx (h¢
full effect of the proje¢t. This winter Ihe AIT Soiirce Heal PuTnps provided lis with muth of the heat for Ilie
Abbcy backed up by th¢ ga8 boilers in Very cold weather wli¢Te there is insufficicnt ertei.gy in the almospheiE for
the hcai purnp% lo Cxtraci. A5 eleclricity becomes increasingly een ill production thi5 will decrease our rcliance
on fossil fucls. albeit not complelcly.
We also made the final payments for thc lighting project. This too has been a triuTnph in lemis of a grccner
Abbey as the LED lamps us¢ al least 500/ty le55 electricity than the old lamp%. This coupled iviih iinproved light
levels 4nd better lightittg of the fan vaultirtg has enhanced furth¢i' the Abbey
Expcrtdilure on rujjnillg the FTL¢nd5 is relaiively small bul Ihis could be reduced further if all of our mcmbet$
would ¢Tnail and consent lo ￿ceiving communications by emttil, thus reducing stationery and p051age costs.
Qutnqucnnial rpairs cost £20,000 and it is surprising how these sinall sums accrue over the tourse of a year.
The Fi"iends werc pleased lo be able lo cottiinuE pay the fees for OUT PhD Student Francis Brown. He 15 curiEllily
WOTking on Ihc Cunservalion Managemenl Plan for the Abb¢y. and 11118 conlinues to be of great assisiance lo tlie
Toilet project and and other repaits lo thc Abbey. Agoin the Friends contributed 50Q/o toward the insurance bill
FOT th¢ Abbey. The FTiends also made a £50,000 donalion to lh¢ Abbey lDWllL￿S the Toilets project. Tliis was
half of Ihc promised £1 00.000 and the 5¢cond insLilmen¢ will bc forth£oDiing as the project proceeds fijrthcr.
Tjje council were finn when thi5 PToillise was mad¢ tlial further funding would not bc cnleftaitsed and Iljal Ihe
Abtw had to make subsisn(iHI effort8 in iaising funding for Ihis important project..
Ijjcomc last year was relatively Inode51. in con)paFi50ll Wjth Som¢ years. Whilsi cards salcs and subsci'ipiions
mak¢ a conll'ibutiott and this has been enhanced this year with income, since August, fi'om th¢ shop. Over the
ytars Ilje majurily of our income has be¢tL derived frotn legacies and incoine frojn OUT IllV¢StmeJii8. We cojilinue
to bc vciy ¥taleful for th08e who so geiitrously leave bcquesls in Ih¢ir wills and it is on the ba¢k of tliese
bequests that the majority of tlie Fricnds, work hangs.
Projected expertdityr¢ for 2025 is a £50,1100 contiibuiiort towards the loil¢l project, fuither contribiitiotks to both
the insurÈnc¢ and Lanham & Francis's fees, and l llin e51iJnaling a 5iTnilar amount lo this year foi quillquennial
works and minor rcpaiiE. The council have al%0 ¢armarkcd a surn of £120,000 foT sloncwork Tepairs aroiind th¢
porch and we81 cttd dnd for repairs io the Georgian Poi'ch gales and Wesl end gales. Total sum l am aniicipaliiig
in thc region of £200,000. Hopefully we will tJOl incur any Qllier si¥nifJcani cosi ivitli thc building. We arc
mindful that there arc some Significant costs. in th¢ order 01 £250,000 + for roof r¢paiiE To the Nave and Lady
Chapel in the not loo distant future and Ihal we need to retain a war chest for the unforeseen.
Di. Cliiiy Haipion
Trets.*tipéi'
Page 7

Frlends of Sherborne Abbey
Trustee5' Report (continued)
Policy ON I%Terves
Reserves are critical to Ihe Friend8 flnancial position, and provide..
al Working capital lo support ongoiiig OPeTatl0tt5 and activities (suppliers need lo be paid on timel and to
hortuur grnnt commitmen18
b} At Ica81 12 months expenditUT¢. to provide ¢oniinuity in a¢hievinE our charitable activities as laid down in
our Coitsiilulion
c) Future replace1￿ent of goods and equiptTr¢nt ne¢ess&ry in our operation
Working capital is to be hcld s cash. at)d ilcm5 b) and cl lo bc h¢ld in th¢ forni of IonE tenn investments (with a
ten year liiiie hoiizon) iii OUT inveslinenl purifolio.
R¢5POl15ibility for itnpl¢mentitl8 this policy rests with the Executive Committee of thc Fri¢nd$ ¢harity ond shall
be reviewed every iliree years, lo tllsur¢ it 15 fil foT Putpose and that we are not setting aside too much or loo
Stru¢turey gtsvtrtt#nee and m*nagement
Naliire ufgovérnliig. ￿￿&￿Ill¢ll1
The cliarily was fouiidtd at a tneeling held on 24 May 1930. al which Ihe constitution wa5 cr¢at¢d. ThL5
docunieiit has 5iS)ce be¢ii ain¢nded at rtleetittgs on 19 July 1983, 1 l May 2004 and 9 May 2005.
Trustees are nominated and subseq￿ntlY ¢lerl¢d al th¢ Annual General Meelittg. in accordance with the
cortsiitulien. TNstees hold orfjcc for a period of fjve ytars, after which tliey ar¢ tligibl¢ for Te*Blecliott.
Objetlives rfiiflpolicRe&
The Couiicil of the Friend5 have considered th¢ rn8jQT risks to which the charity IS exposed {both financi*l and
non-financial risks) artd the INslee8 coiifii'in Ihal the major risks lo wliich ihc charity IS CXP05¢d, a5 id¢nlifird by
th¢ trustees, hav¢ been rewewed and systems have b￿n e8lablished lo mitigate those risks.
Statejllent of Tru5tCC5' Rc5pon$ibiliti¢s
Th¢ ITuslees are responsible for preparing (he Irttslccs, rcpom and Ihe fillancial slalements in accordance iviih the
Unit¢d Kingdom Ar¢ouiitiDg Sidndards (United Kingdom Gerter211y Acccpted Accounting Practice} and
applicable law and regulations.
The law applicable lo charilies iequiies Ilie trustees lo prepare fjnanoiol statement5 for ¢aGh financial year whiGII
give a liuc and fair view of Ihc slate of affk)irs of Ihc charity and of Ihc incoming rcsourccs and application of
i'csources of the chaL"ity for that p¢riod. lrt pr¢paring th¢s¢ financial statements, the Irllslees are required to..
selccl suilablc accounting policic5 aE)d tli¢ll apply ihcm wn5l51¢nilyJ
observe the methods and principles in Ilie Chariiie5 SORP.
make judgemenis and egliinaleh Ihai are reasonable and prudent.
stalc wh¢ihrr applicable ac¢ouiiling slBndllrd5 havr bE¢n fDllowed, $ubj¢¢t to any material depariures
discloscd and explaincd in thc financial 5talcments' and
prcparc the financial statcments on the gOI￿g concein basi5 unless it is inappropriate to pr¢surn¢ that the
chariiy ivill continue irt business.
Page 8

Friends of Sherborne Abbey
Trustees, Report (continued)
The Iruslees a￿ responsible foT keeping proper arrouiiting records that disclosc with reasonable accuracy ai any
lime the fjnancial position of the charity and engble Ihcm lo en%iire that the financial slaiements comply with the
Charili¢s Act 2011, tlie Chariiies (Accounts and R¢por151 ReEulaiioDS 2008. and Ihe provisions of Ilie
constittition. The Irustecs are also responsible for safcguarding Ihe a%5cls of the charity and hente for takins
rea80￿ble 5t¢p8 for the pr¢v¢ntion and detection of fraud and oihcT Irre8ularilie5.
The tlV5tee8 are resp0115ible for the maintenance and integrity of the LO￿orate dnd financial infoiThation
included on Ihe cliaritablc ¢ompllny'5 websitc. Le¥islalion guvcining the prepdtation and di&setninalioii of
flnaneial statetD¢nls may differ fTom legislation in othcr jurisdiction5.
The annval repon was aPPLY)v¢d by the ttU5te¢s of the charity oll..
signed otl its bebalf by..
DT ChTi51opher Hamon
Tru51ec
Page 9

Friends of Sherborne Abbey
Independent Examiner's Report to the trustees of Friends of Sherborne Abbey
I rcporl to ilie Iru51¢¢s on my ¢KHminalioD of th¢ aewunts ofFii¢iids of Sh¢ibome Abbey for Ihc year ended 31
December 2024.
Re5pon5ibilitic5 and ba515 of report
As tlie cliarily INstces of Friends of Sh¢TboTll¢ Abb¢y you aF¢ responsibl¢ for the pt¢paTalioTb of th¢ atcouols in
Aee4)rdance with the requirements of tlie Charities Act 2011 ('the Acl'}.
J report in r¢5pecl of Iny examination of th¢ Frs¢nd5 Qf Sh¢rborn¢ Abb¢y's arroiinls rgTtird out undci section
145 of the 2011 Act and in cairying out my examinalion I have followed all the applicabl¢ Diirctions given by
Il)¢ Charily Coinittission under section 145{5llbl ofihe Act.
Independent examlner'5 statement
I hav¢ ¢oiiiplet#d tny ¥xa[niT￿tltsrt. I cortfirni Ihai no maierial maiicrs havc come to my &ttenlion in cojmeclion
with the txamination ¥iving me cause ¢0 beliEve that irt any materi21 respeci..
l. accouiiting records welf not kept in re8￿ct of Friend5 of Sh¢Tbom¢ Abb¢y a$ r¢qlli￿d by section 130 of
Ihc Acl: or
2. Ihe accounts do not accord willi tljose records,. or
3. lh¢ RccuuJ)Is do not coniply wilh Ihe dccourtling requireJnertl& ¢onLernirtg the forni and cvttlejil of *ccounls
scl out iii the ChaL'lti¢s IAcwunt5 ai)d Report51 Regulations 2008 oth¢T than any TequirenieDI that the
aLLOUrtis give a 'true and fair wi￿v, wljich is not a Inatter considercd as part of an indep¢Jident
eKainiiialion.
I have no concems artd hdve comc aeross no oiher maiicrs in coniieclion with the examination to which attention
should be drawn in thi5 T¢poII in ord¢T to ¢iiabl¢ a proper und¢rslanding of lh¢ acrouDts lo be r¢arh¢d.
lan Dodds
Chattered Accountsnt
Lanham & Franci5
77& Chetp Street
Sherboine
DoiEct
DT9 3BA
Dale..
Page 10

Friends of Sherborne Abbey
Statement of Fin4ncial Activities for the Year Ended 31 December 2024
Unrestricted
funds
Total
2024
Total
2023
Note
Ineome *t*d Endowments from:
Donaiions and ￿tE￿¢1¢5
64.272
6,445
41,659
26,415
64.272
6.445
41,659
26,415
50.299
65.899
12,351
26,038
Other Itading Bctivities
Invesimenl income
Total illf0Tne
138.791
138.791
154,587
Expendlture on..
Raising funds
Chariiable aciiviti¢s
Other expenditure
Total exp¢nditUTe
Gain51llosse81 on investment a88cts
(22,181)
{113,386}
12,249
(22,1811
(113,3861
12,249
15.894}
1279,4931
1445
1137,8161
19.243
{137,8161
19,243
{285,832)
71.687
Nel iJicomellexpetLditurel
Net movement in fund5
20,218
20,218
{59,5581
20,218
20.218
(59,5581
Reconclllaflon of fuNd5
Tvlal fullds brought fonvaTd
958.490
958,490
1,018,048
Total fimds carti¢d fonvaid
18
978,708
978,708
958.4YO
All of the ch3Nty's activities deriv¢ frorn continuing oper#tlOn5 during the above two periods.
The funds bretkdowTr for 2023 18 shown irt not¢ 18.
The notes on pages 13 10 21 fomi an integi'al part of the5¢ financial statement8.
Pagc 11

Friends of Sherborne Abbey
(RegistrAtion number: 208584)
Balance Sheet as at 31 December 2024
2024
2023
Note
Fixed #ssets
Inveslmenis
13
871.068
851,825
Curvtnt Assets
Stocks
Debioi
Casli al bank and in hand
14
31,050
8.472
95,921
15,318
9.402
101,629
16
135,443
126,349
Creditor5'. Am(kuDt5 falling due Jylthin yt•r
17
27,8031
119.6841
Net ¢urr¢nt 955ets
107,640
106.665
Net a55ets
978.708
958,490
Funds of thc charity:
Unre5trleted Income lunds
UnTcslricled funds
978.708
958.490
TotAI funds
18
978.708
958,490
The finottci81 %lÈtements on PAges I I to 21 were approved by the tru%t¢e$, and tsuthorised for i$sue on
4.1.RI.zs. and signed oil thcir bclialf by..
Dr Christopher Hamon
Trustee
Rev
eiid Martin Paul Lee
Trustee
The notes on pa¥¢s 13 to 21 forrn an in1c￿￿1 part of Ih¢s¢ financial 5tatem¢nt8.
Page 12

Friends of Sherborne Abbey
Notes to the Fin&nci41 Statements for the Year Ended 31 December 2024
l A¢tounting pollcles
Statement of ctsmpliance
The financial slalements have b¢¢n PTcpared in accoi'dancc with Ihc second edition of the ChaTi11¢5 Staicn)eni of
Rccommended Practice issued in October 2019. tli¢ Finantial R¢poiting Standard applicable in the Unitcd
Kingdom and R¢public of Ireland IFRS 1021 and the Chari11¥s Act 2011.
Basls of prepar#tio
Friends of Sherburtte Ab￿Y tneels the definition of a public benefit entity under FRS 102. Thc atcounts
Irinancial slaiement51 have been ptepare(J und¢r the liistOTical Cost collvcniiort with iteln5 recognised al cost or
transaciion value unless Otherwise stated in ihe relevant tsolel51 to thcse aecDUnts.
Colng eotlter
The Iruslees consider that Iliere are no mat¢rial uncerlaintlE5 Bboul the charity's ability to conlinlle ss a ￿oing
concern.
Income •nd endowments
Volunlai'y tncomc including dojjations, gifts, l¢¥3cie5 and grants ihal providc core funding or are of a ¥en¢ral
natLtiE is recognis¢d when the charity has cntitlcmenl lo the income. it is probablc that the income will be
received and tlie amount be Tn¢asured with sufficient reliability.
Donfilioiis oiid lesrtcles
Donations and legacies are recogni$ed on a receivable basis when receipt is probable and the atnounl can be
rcliably measute(L
Iiive.flmeiil iiieoiNe
Divid¢nds are Tectr¥n15¢d oncc the dividend has been declared fjnd notification ha8 been received of Ihe dsvidtnd
due.
Expendlture
All cxpenditure is Teeogni5ed once there 15 a l¢¥al or constftictive obligation lo thai eKpendilure, it IS PTobable
seirlcmeni Is requiTcd and the amount ran be Inea8iired reliubly. All costs aTe gllocatcd lo the upplicablc
expenditUL-e heading Iljai aEgTeyt¢ similar costs lu that category. Where ¢051s cannoi be diTecily attributed to
pgrticular headings Ihey have bttn allocalcd en 2 basi5 consisteni with tli¢ use of resource5, Wlth ceiiiral staff
costs allocated on the basis of lime spent, and depreciation charges allocated on th¢ FKbrtioTh of the a$5¢t's use.
Other SUPPQTI c051s are allocated bAsed on the spread of staff coEIs.
Roisingfiind
Th¢se ale Costs in¢u￿£d in attracting voluntsry income. the m8na8¢menl of investJn¢nt5 and those irteuTr¢d in
trading a¢livitT¢S Ihal raise fiinds.
Choyiluble ucriiililes
Charitable expenditure comprises those cesls incurred by the thaTity in Ihc delivery of ils activities and 5¢rviccs
for ils ben¢fi¢iaries. li includes both c051s that can be allocated directly io $uGh activities and thus¢ costs of
indirect nature necessary 10 support them.
Grfjitlipivvislviis
Provision5 for grants are made when th¢ intclllion lo make J gralll has been ¢oininunicaled lo the rccipiejjl bul
there 15 uiicertainty about eiilier the liining of the grant or the amouni of gi'ant payable.
P8ge 13

Frlends of Sherborne Abbey
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
GoverBaDc¢ etssts
These ittclude Ihe costs aiiributable to the charity's compliance with conslitutional and Statutory r¢quiretn¢Dts,
inGludiDg audit, stral¢giG manasemenl artd Irusiees, meetings and reimbursed expenses.
Taxwtion
The charity 18 considered to pas5 Ihc Icsls 5Ct out iii Paragraph I Schedule 6 of the FinaDct Act 2010 and
th¢T¢foTe il meets Ihe definilion of a charitable compatjy for UK cojporalion lax purposes. Accordiiigly. Ihc
chai'ity is Potentially exenipt laxalioji in respeol of incott)e or capivdl gaiiis received within calcgorics
covered by Chapter 3 Part I l of tlie Coiporalion Tax Act 2010 or SectlOD 256 of thc Taxation of Cliargcable
Gttins Acl 1992. to Ihe extent that stjch incomc or gains aye applied exclusively lo charitable purp05¢5.
Fix¢d *sstt lnveslments
Fixed a88et invcslmcnls. otlier than piDgi?mtnc relatcd inv¢5ttnents, ar¢ it)cludcd at tnark¢t value at the balance
sheel ddie. Realised 8aiiis and losses on inve81mcnls arc calculat¢d as ihe diffcrence between 5a1¢ PToce¢d5 and
their market valiie at th¢ 51art Df th¢ y¢ar, or their subsequetti cost, and tti'e charEed or credited lo the Siaicmcnl
ofFiiiallcial Aclivilies in th¢ period of disposal.
Unrcaliscd gain¥ aiid 1055¢s represeDt the movement in inarket values duritig the year and are Credited or
charged lo Ihc Slatcment of Financial Activitie5 based on tlie Inark¢l valu¢ at ihe y¢ar ¢nd.
Stock
Stock is valued at Ihc lower of c05t and ¢5tirngted $¢lling PTiLe less costs ta complete artd sell, after due regard
for obsolete and 51oiv iiioviiig stocks. C05115 delertnin¢d using the firsl-in, fiTgi-OUt (FIFO) melhod.
C8511 and f B5h ¢quival¢nt5
Cash and rash equival¢nis comprise tash on hand and call deposits. and other short-temi highly liquid
investinenls that ar¢ rcadily convertibl¢ to 8 known amount of Cash aTe subject to an insignifJc8nt risk of
change in value.
Fund structure
Unrestricted iiicome funds ￿r¢ ¥¢n¢rul funds that 8T¢ availabl¢ for u5¢ 111 Ili¢ Iru5te¢s' dis¢retion irt fttiih¢ran¢e or
the objeciivcs ofthc charity.
FlnRnclg1 Instruments
Finaiicial assels and financial liabili11¢5 air r¢¢ogrtised when the ¢harity be¢ome% a party to the cortirachjal
provisions of the inslrujneiil.
Financial liabilities and equity insiNment8 are classificd according lo tlic siibslance of Ihc contractual
aff&ngenieiil& enteitd into. Art equity instrument is atty contract that evidences a residual interest in the assets of
the charity after deducting all of ils li8bilill￿.
Page 14

Friends of Sherborne Abbey
Notes to the Financial St4tements for the Year Ended 31 December 2024 (eontinued)
All financial asseL% and liabilittes are initially iiicasured at transaction pric¢ (including Iran.%zclion coslsl, cxtept
fur Ihose financial assets classifi¢d as al fair valtse iluough profil OT loss, which are initially Jneasured al fair
value Iivhich is normally th¢ transaction price excluding transaction costs). unless Ilie arrangement con5titutC8 a
financing Iransa¢iion. If an arrangement constilules a fittan¢it]g transaction, th¢ financial asgel or fiiiajicidl
liabilily is measured al Ilic preseni valu¢ of the future P8yrn¢E)Is discvunted at a markei Tal¢ of inlcresi for a
similai. debt l1151rumenl.
Financial assets and liabilities are only off5el in thc slalement offinancial pThsjtion when, 2ttd only when. ther¢
exists a legally enforceable right to Set off the recoKni5ed amounts and tli¢ charity intends eithcr to seiiie on a
nel basiB, or to rcalise the &ss¢t 8nd settle the liability 5imuliancously.
Financial a8seis are derecogtjised when. 8nd only when, 91 the coniractual rights 10 (he cash floivs from Ih¢
rinancial as%el cxpire or are settled, bl thc charity IrllDsf¢r5 to another party subsianiiglly all of the risks and
rewgTdE of ownership of the fillancial asset, or cl tjie charity. despite havin¥ i'¢tained sojne, bul not all.
5i¥nificanl risks and ￿WardS of ownership> ha5 Iransferred control ofthe asset to another party.
FinanLial liabilitie5 are der¢cogrLi5ed only whett Ihe obligatkon specified in tjie contract is discharged. cartccllcd
or expires.
Foir vrfliie mfflsurenieni
Th¢ best evidence of fair vglu¢ is a quoted price foT ali ideniical as5¢1 in an active mBrket. When quoted prices
are unavailable, the price of a reccni Iransaelion foi. ali identical asset provides evidencc of fair valiie as long as
thcrc has not becn a significant cliange IE) cconomit ClTcuinslances oi. a signifjcani 12PSt of time since the
ITan5aclion look place. If th¢ market is noi abliv¢ and IEccnl transactions of an ideiilical asset on IlieiT own are
not a good estitnal¢ of fair value, the fair value is estimated by using a valuation technique.
2 Income from donatlort$ ¥nd legacles
Unreslrlcted
funds
Gener*1
Total
2024
Donations and IBgllcies'
Subscriptions aiid donations
Legacies
Gift aid reclaimed
12,077
50.168
2,027
12,077
50,168
2,027
64,272
64,272
Urkre5trlcted
lunds
Gtnorgl
Total
2023
Donations and leg&ci¢s'
Subscripiiens and donations
Legacies
Gift Aid r¢claimed
13.299
34.797
2,203
13,299
34,797
2,203
50,299
50,299
Page 15

Frlends of Sherborne Abbey
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
3 Intomt Irom chArltAble gctlvltles
Unrestricted
ftsrtds
G¢rt¢ral
Tot#1
2024
Recovery of VAT
6.445
6,445
UDr¢5trictrd
funds
Gener&1
Total
21)23
Recovery ofVAT
65.899
65,899
4 Income from other trAdlng &etlvltles
Unre5trictrd
funds
Gen¢r¥J
Total
2OZ4
TTadsng income,.
Sales of publications
Events incom¢.
Other cveiils iiicomc
40.972
40.972
687
687
41,659
41,659
Unre8trltted
fund5
General
Total
2023
Trading incoiiie.
Sales of publications
Evcnls income.
Other evejjts income
1,260
1,260
12,351
Page 16

Friends of Sherborne Abbey
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
S Investment Income
Unreslrltted
runds
Con¢ral
TotAI
2024
Intercsi receivable and 5iTnilar income.,
Interest receivabl¢ on bank dcposits
oiher income froin fixed asset investments
2.704
23,711
2,704
23.711
26,415
26.415
Unrestrieted
funds
Total
2023
Interest receivabl¢ and simillr incoine.
Tnltrcsl rcLcivable on bank dcposits
Other ittcome from fjxed asset inve5tm¢nts
2.653
23,385
2,653
23,385
26,038
26,038
6 Expendlture on rglslng fund$
•} C05t5 of tradlng actkvltles
Unrestrlcted
funds
General
Total
2024
Cosis of goods sold
20,910
20,910
20,910
20.910
Unrestrl¢ted
funds
Gentral
TotaI
2023
Costs of goods sold
4,730
4.730
4,730
4.730
bl Other costs of gentraLting donatlon5 and legAtles
Unrestrieled
funds
TTrlal
2024
Other dire¢1 cost5
1.271
1,271
Page 17

Friends of Sherborne Abbey
Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (continued)
Unre5trlcted
funds
G¢n¢rAI
Total
2023
Other direci costs
1,164
1,164
7 Expendlture on ohArltable a¢tlvltles
Unrtgtrltt¢.d
fund
General
Total
2024
Note
Grant funding of aciiviiies
Gov¢inaiice cost5
10.966
2,420
110,966
2,420
113,386
113,386
Unrestrltted
fund5
General
Totwl
2023
Note
Gran¢ funding of aotivitl¢5
GOVern￿lee cosi8
276.593
2,900
276.593
2,900
279,493
279,493
Page 18

Friends of Sherborne Abbey
IYote5 to the Flnancial Statements for the Year Ended 31 December 2024 (Continued)
8 Other expenditure
UnrL'slrleted
Tot41
2024
Gtneral
OiheT Te50urces expended
2,249
2.249
2.249
2,249
Unre$tricted
funds
General
Total
2023
Note
Other resourc¢5 expended
445
445
445
445
9 Analy5i5 of governAn¢¢ #nd 5UPPOrt Costs
Covernance costs
Unrestritted
fund5
Generil
Total
funds
IDdcpendeiit ￿ami￿cr'8 fee
Exllmijiatton of the financiBI sla¢em¢nts
2.420
Total foi. 2024
2,420
2,420
Total for 2023
2,900
2,900
10 Trusttes remuneration expen8¢5
No li'ustees, nor any persons connected with them, have received arty remuneration from th¢ charity during tILe
year.
One ttU5¢ee wa5 reimburscd £931 for direct Postage. stsiionery Hnd purchase costs incurred in cottrteciion with
the charity, but no Injslees hKLVf bE¢n Teimbursed for any other expenses or re¢eived any bertefit5 from the
charity duriJJ¥ Ihe yeaT.
11 Indeptndènt ex4rniner'5 remunerallon
2024
2023
Examination of the financial 51alein¢nt8
2,420
2,900
12 Taxatlon
The charity is a regisiered charity and is therefore exempl from laxalion.
Page 19

Friends of Sherborne Abbey
Notes to the Flnancial Statement5 for the Year Ended 31 December 2024 (continued)
13 Fixed wsset investments
Other inYe5tments
Llsted
InvestinentS
Total
Cost or Valuation
Ai l Januaiy 2024
R￿aluatIon
851,825
19.243
851,825
19,243
At 31 D¢c¢inb¢r 2024
871.068
871,068
Net book value
At 31 December 2024
871,068
871,068
At 31 Dccembcr 2023
851.825
851,825
14 Stoek
2024
2023
Stocks
31,050
15 Debtors
2024
2023
other debtors
8.472
9,402
16 Cash ind e#$h equiYalent5
2024
2023
Cash on hattd
Cash at boDk
138
95.783
101,629
95.921
101.629
Pagc 20

Frlends of Sherborne Abbey
Notes to the Flnanelal Statements for the Year Ended 31 December 2024 (eontinued)
17 Credltors.. Amounts fylling due ivlthln one ye9r
2024
2023
Other creditors
Accruals
25,503
2.300
17.584
2,100
27,803
19.684
18 Funds
Other
recognised
g#lttsl{1o55e51
at 31
December
B¥lwDce al I
January 2024
Jneomlng
rc$ource5
Resources
expeiided
2024
Unrestrltttd fttnd5
General
958,490
138.791
19.243
978.708
Other
reco%nl$¢d
galn$ll1055es}
Balance at 31
December
Balance ?t I
January 2023
Incomlng
re$ovrce5
Re5011rceB
expended
2023
Unrestrlcted fund$
General
1,018,048
154.587
1285,832
71.687
958,490
19 Analysls ol net Assets behyeen funds
Unrestrl¢t¢d Total 9t
fund5
31 Detember
GenerMI
2024
Fixed 85S¢t inve5tnients
CuTr¢nl assets
C￿￿ent liabilities
871,068
135.443
127.8031
871.068
135,443
27,8031
Total net assets
978,708
978,708
Unyeslriited Total lunds It
rund5
31 Dettmber
Gener#1
2023
Fixed assei irtveslm¢nls
Current assets
851,825
126,349
19.6841
958.490
851.825
126,349
119,684
Current liabilities
Total net as$6ts
958.490
Page21

Frlends of Sherborne Abbey
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
TotAI
2024
TotAI
2U23
Income aiid Endowments froni:
Donations aiid legacie8 lanalyscd below)
Charilablc activities (analysed below)
Other Iradijig aciiviiies lanalysed below}
Inve81nitnl incoine {aii&lys¢d b¢low)
64,272
6.445
41.659
26,415
50,299
65,899
26,0311
138,791
154,587
Expendlture on:
Raising funds lanalysed below)
ChaTilabl¢ artiVs1i¢s {gllaly5ed below)
OilieT exp¢ndilur¢ (aiialysed beloiv)
Gov¢manct costs
{22,1811
{110,9661
(2,2491
2.420
15.8941
(276,5931
14451
12,9001
Total expcndilure
Gainsll1055esl oil invesljnent assets (analysed below)
(137,816)
19.243
1285,8321
71,687
Nel incomel{exp¢ndilurel
Nel movement in funds
20,218
159,558
20.218
159,5581
Reconclllatlon of ftsrtds
Total funds brouglil for%vard
958,490
1,018,048
Totsl fulld5 Cgrried fonvard
978,70
958,490
This page d0¢5 not foi'm part of the slalutory fjnanoial slalcments.
Page 22

Friends of Sherborne Abbey
Detailed Statement of Flnancial ActivitÉes for ¢he Year Ended 31 December 2024
(eontinued)
Total
2024
TotAI
2023
Doiioiloiis oiidlrfgoeies
Legacies and b¢quest5
Subscriptions aiid donalions
Gifl Aid tax r¢cl3iiTJed
50,168
12,077
2,027
34,797
13,299
2,203
64,272
50,299
Chrtrlloble oclivilie5
VAT recovered
6,445
65,899
6,445
65,899
Olliei. ri¢Tdliig &efflvlile3
Sales of purchased good5
Wclls trip12022 8fyli*bury)
40,972
687
1,260
41,659
12,351
liivesliNeiil income
Incoine from listed ijivcsimenls
It]l¢resl on cash deposiis
23,711
2.704
23,385
2,653
26,415
Rttrfslirgfiinrfs
Opening stock
Pui'chases
Closing Stock
PTinling, postage aiid slalionery
Sundry expenses
Bank charges
16,040
4,008
36,642
131,050)
173
931
60
60
22,181
5,894
Cli¢ii'ilablÉ dc1ivlil￿- Upkeep oJSherlJoriieAbb¢y
Quinquennial rcpatrs and minor WUTks
H¢3lillg projccl
Lighting projccl
Fire alarm ieplacement
Toilets- preliminary consuliatio
Insurance conlribtsiion
Reium of VAT to Abb¢y
GTants payable- inslilulioj
20.781
52,871
36,490
142,890
1,032
7,579
13,190
2,832
51.263
15,196
1,835
20,700
20,700
10,9C?6
276,593
GovÉrntspice cosls
Independent examine¢s fee
2.420
2.900
2,420
2,900
This page does not fomi pttrt of the stattitory financial slBl¢m¢nts.
Page 23

Friends of Sheyborne Abbey
Detailed Statement of Financial Activitie5 for the Ye4r Ended 31 December 2024
(continued)
Total
2024
Total
2023
Orliei. expeNrfiiiire
Wells tiip12022 Salisbuiyl
2.249
445
2.249
445
G&iii.d(Io¥sE.f) uii iJtve.fliHeitr ussei.*
(Lossygain on pro¥tatntll¢ related investments
19,243
71,687
Thss paue dots not form part of the 5tJtutory financial statemertt5.
Pag¢ 24