Reg15tered Charity Number. 211236
Report of theTFUStè*5and
una￿d￿ed Financial Siatementsforthèyear Ended 31 De¢ember2023
Frfendsof TewkesburyAbbey

FRIENDS OFTEWKESBURY ABBEY
REPORT AND FINANCIAL STATEMENTS
Forthe yeaiended 31st December 2023
CONTENrs
Page
Legal ano AdrninistratNe Iriformation...
Report of theTrustees........... ......... ............... .... ... ......... ..
24
Independeni Examiners, Repon...................................................
Statementof FinancialActiM"ties...............................................
Balance Sheet..................... ................. .........................
Notesto the Financialstaternents.............................................
8-15

FRIENDS OFTEWKESBURY ABBEY
LEGAL ANDADMINISTRATIVE INFORMATION
President..
Wiee-Presidents.-
The Bishop of Gloucesier
The Lord Lieutenant olGloucestershire
The Bishop ofTewkesbury
TheArchdeacon of Gloucesrer
TheArchdeacon ol Cheltsnham
Mr G L Finch
Dr Iwhite
Mrs Scoulton
Mrsl Raywood (resigned 2nd July20231
Mrsj Small Iresigneo 2nd JuLy20231
The Rev C EWThiineylresigned 2nd luly20231
Mr S C Evans
Mr R Bellairs
Mr D Bagieyletected 2ndJuLy20231
Mr5 L Parsons
Mrs S Lancelot
Mr H Sweet
Chairman..
Vice Chairman-
Council
2020-2023:
Council
2021-2024..
Council
2022-2025=
DrACfowther
Mi N Bennett
Mrs M Beagiey1e*￿ed 2nd Juty20231
Mrs S Ctsulton
Ms K Feighan
Mr G Hill
The Wicar olTewkesbury-The R￿can0n Nick Davies lappointeij Septèrnber20231
Mrs N Oakes
Mr P Charman (elected 2ndJuly20231
Mrsj Davis (resigned 2ndJuly20231
Mrs H Echarman (appointed 2nd July20231
Drj Lancelot
Council
2023-2026:
E¥-Ofhclo.'
The churCh￿rdenS..
P.C.CRepresentattve5.-
Friends Table andcard
Secretary..
O￿￿raryTreasurer
Mrs J Small
Mi N BennetL 6 Stoke Parkcourt, Bishops Cleeve.
Glouceslershire. GL52 8US
Mrs K E WincenL Abbeyoffice. Chuich Street. Tewkesbury
Gloucesiershtrre, GL20 5RZ
Lloyds TSB Bank plc
High Slieel, Tewkest>ury. fjLouce5tershire GL20 SAW
MA G Bull BSC FCA
BPC Partner5 ￿rnited. Chanered Accoun13nlS
3 Royalcrescent. Chellenham, Gloucesiershire GLSO 3DA
Secreta
Banker5.-
InclependentExaminer
The Frien(Js ofTewkesburyAbbey is iegisterEdwtth the Charrtycommission vnderthe Chèrrtynumber211236. The
principaloffice ot the Ch3rity is atTheAbbeyOffice.TewkesburyAbbey, Tewkesbury, Gloucestershiie. The Charity's
Trusiees comprise ihe Member5 olthe Councilwho are ￿"Sted￿tI￿l￿thls report. The narnes and addres5esaf the
HonoraryTreasurer. Secretary. Bankers and Independent ExaMInera￿ also included.
-Pagel-

FWENDS OFTEWKESBURY ABBEY
REPORT OFTHE TRUSTEES
The membe￿ Dfthe Council as Trustees presenttheir¥eportwth the financialsiatements of the charity
fortheyear ended 31 December 2023. TheTruste25 have adopredihe provisions ofAccounting and
Reporting bycharilies." Statement of Recornmended Practice applicable 10 chanties preparinetheiraccounts
in accordance wth the FinancialReporting Ststmlard appb"cable in ihe UK and RepUb￿C of Ire￿nd IFRS 1021
leftecfive l January 20151.
Objectives and activitles
Objectives and aims
The Friends, main purpose is to asS15ttheAbbey3s set orjt in the constttubon. The CouncTrl receives
recommendaiions and information aboutthe needs of Ihe Abbeylrom the PaTIKhial Church Ctsuncil, which
has the prime responsibiutyto maintsinthe Abbey.
TheAbbevis in con51ant need of care. tnaintenance and reDairand. in vEwof its size and a%e. some of
Ihese demands are likelyto be unpredietable in rheiYtsmir*gand sub￿an￿81 intheii content. The Friends.
assets are available to be spentfor the purposes ol the Friendswtth the re5trictiolls rhai rhe capital
endowment funds are required lo be inve5tedto produce incomeand Ihe restricted funds must be used lor
the purposes specified bythe donoF5.
The Councilcontinues its polieyof maintainingincome and re5èrvestofulfil tts purpose ro asslstthe Abbey,
having reE3rd to Ihe obligations that It may be asked to a55ume. The unrestricted funds at 31 Decembei
2023 lotalled £457.754which Included two desiRnaied funds.. a maintenance iesetve of £200,000. and a
designated fund torfuiuTegranlsof £261,1)00.Also tncluded is a generalfvnd deficit ot l E3,2461.
The Trustees have réferred to thèguidance conEained in the CharrtyCDrnrnission's generaiguidance on
gublic benefit when reviewinalhe Chariws aims and obiectNes and in DLanninAIuEuFe a¢￿ttles. In Darticutsr.
Ihe Trustees consider how olanned actmiies will contribute tothe aims and obieciives the¥ have set_
Athlevement and perfoimanGe
Charitable activibes
£90,519was paid in grants duiin%theyear. which included ￿.519toWard repairsiothe officewindows.
£75.DOOlorthE maintenance of thefabric of IheAbbEV. and £S.000 fortheTower Inspection.
In Oclober2019The Friends launched anADDealto rTtarkthe 900Eh Anniversarv oflhe consecration of the
Abbeyin 2021. The iareet is 2202.100 to supporta proiectto reorderthewesl End of the Abbey so as to
provide a more open, ￿"£hi and w&lcorninK entrance. Al 31st December 2Q23 £1￿,06? had been raised.
Financlal re￿tW
Investmenl poiicyand objecttves
The Charitys InveStmentPo￿"tY isto produce a revenue incometosupplementintome from ￿￿ersourCeS
in orderto sat15fvthe averaRe annual reouEstforGrknts. This I￿11 be achieved wth the rninimum of nskto
the assets of the Charitvai the same lime endeavouiinRto rnaintain Ihe realvalue of its caDital.
-Page2-

FRIENDS OFTEWKESBURY ABBEY
REPORTOFTHETRUSTEESIContr"nuedl
Reserves policy
The level of Ineome15ncLuding beouest5 and Le2acJesl ￿Cewed bvthe F¥iends can aThJ does varvfromyear
to vear. Similariv. the level of Grants made bvThe Friends iOW3Tdsthe UDkeeD olthe Abbev can also va
wilelv. panicuLariv In a period of maior renovation.vJhich can last UD to 5ve3rs. To ensure that sufficient
funds are èvailable. sothatthe Friends can make maiorcontribubonstothe Pcctowards maintenance and
improvement of the Abbey. a Reserve is maintained at not less than £200,000.
The"Reserves Pob"¢v' ￿ re¥Aeweil on an ènnualba515.
Unrestrlcted Income
The unrestncte¢ income lor 2023totalled £46.32112022 E54.8871 whleh included bequests and lekacies amounttnR
to £1,50012022 £8,5151_ Incomefiom investmentstotalled £22,85612022 g25,3671 and continues to form an
important Dart of the Friends. incotne. Goveinance cosis are meteach vearfrom subscriohons. The Maintenance
Reserve has stayed consistent at£200,000. The level oythe reseNe follows the guidelines Set out bythe Charity
Commissione15.Thevalue of iTrvestments incteaseo by£8.23612022-loss of £75.8961.
Future plans
The Chariiy plans to continue to assisE in mainiainingihe fabric oltheAI)bey. ttS5eMces. acEP￿rIeS. adDmments antj
reservation. toRetherwith itsfumishinis. vestmellts and omaments. The Chafrtvs Dians are subiecttDthe
constraints ol ItsfundraisinRwhJch is dependenton bequests. legacies. donations. Irwestment income and incorfie
trom the memtr>eis.
Strueture, governance and management
Governing document
The Chaiityis governed bya constitution CTeated in 1953. and amended 2nd Juty 1989 and on 23rd February2013.
Recruitrnenl and appointment of newtrustees
Member5 01 Council seNeforthreevears and rf¥vÈ1￿"n0tan be re-electedlora furlheithreevear5 at Ihe AGM. A
member of Councilwho has served iwo continuoustenykswllnot be etiiible forfe-ele£tion unb'l one veaiafter
retirement ai an AGM.
Organiza*"onalsiructsire
The Council is resoonssbie fo¥ihe markaaementof theaflaitsolThe Friends_
Risk rnanagement
TheTru5tees have 3ssessed ihe risks. which the Charitytskes inthe conduct of itsaftairs and of the controls. and
procedures, which nèedto be in place ¥0 minimisethose risks. Theyare saiislied that appropriate steps have been
iakento Drotectthe Charity's assets and reDutstion.
-Page3-

FRIENDS OFTEWKESBURY ABBEY
REPOKFOFTHETRUSTEES Icontlrwedl
ACCOUNTING AND REPORTING RESPONSIBILMES
The Law applicable to charities in EnOanO &Waies requirÈstheT¥usteesto prepare financialstaiemenis
foreach financialyearwhich gwe a true and fairview of the ChaiJVs financizl actiwtie5 duringthe year
of r£sfinancial position atthe end of rheyear. In pieparingfinancial staternentsgivinga true andfair
view, theTrustees should folliw besi practsce and:
select suitable accountingpoticies and then apptythem consistently,
makejudgments and estimates that are Feasonable and wudent..
5tatewhether applicable accounting stsThdards and statements of recornThended practice
have been followed. subjectio any departure5 disclosecl and explained in the financial statement5',
prepare the financialslalernents on the goingconcem basis unless st is inappropnate to
p￿Surne thatthe CharitywLLcontinue in Op￿ation.
The Trusiees are resDonsiblefor keeDinE accountsn£ recordsiknich disclosevbrylh ieasonable accuracvthèfinancial
position otthe Charityat any time antJwhich enablethem to ensure thatthetinancial staiernents comply
with the Charities Att 2011. the apptsc3ble Charities IAccountsand Reponsl Regulations, and the prowsion
of the constitution. They are 3150 responsible lor safeEuardingEhe assets of the Chaiity and hencefortaking
reasonable stepsforthe Dreveniion and detection offraud and other i￿￿ular1ties.
ApprDved by order ofthe Boaid olTrustees on 13thApril 2024and signed on theirbehalf by.
G L Finch-TTUStee
-Page4-

FRIENDS OFTEWKESBURVABBEY
INDEPENDENT EXAMINER'S REPORT
to the Trustees of The Friends of Tewkesbury Abbey
I report to the charilytru5tees my examination of theaccounis of Fr5end5 ofTewkesburyAbbey ItheTrustl forthe
yearended 31 t)ecember 2023 which are setouton pages 61015.
Resporh5ibiiities and basis ot report
As the charitvtrustees of theTrustvou are responsible ft)¥the DreDaration olthe accounts in accordan¢e iwth the
requiremenrs of the Chartties Act 2011 llheAtt'l.
I reoort in rpqnp.pi of mv pxamination DfthpTru5t'$ arcounts cArrirfJ aut under Sècrion of theAtt and in
carryingout myexamination I have foll¢)wed all app￿"¢able DÈrection5 given bythe Charitycommlssion under
Section 1451511bl oi rhe Aci.
Independentexamine¢s strtemerrt
I have cornpleted myexarTiination. I confirm that material mattsrs have cometo my attention in connection with the
examination givinu me cause to believe that In any mate15al Fespect..
l accounting recDrdswETe nol kept in respectof thETrustas required bysection 130 oltheA¢t,' ow
2 the accounis do not tlCCOEd with those recoids.. or
3 the accounts do not complyvnth the applicable requiremenis concErningtheform and content of accounts
set outin the Charities (Accounts and Reports) Reguiètions2008 otherthan any requirementthatthè accounts
give a true and fa51viewwhich is noi a matter considerecl as part of an Independent examsnation_
I have tm) concerns and have come acros5 no other matter5 in connectionvitth the exarnination to which attention
should be drawn in this ieport in ortterio ￿Able a proper unde￿andIng0tthe accounts to be reached.
MichaelAG Bull Bsc F¢A
BPC Partners Limited
3 RoyaLCres¢eni
Chellenham
Gloucesteishire
GL50 3DA
Date: DRA
-Page5-

FRIENDS OFTEWKESBURY ABBEY
STATEMENT OF FINANCIALACTMTIES
lorthe yeai ended 31 December2023
Unrestritted
Fynds
Restiicted
Fund5
Endowment
Funds
2023
Totsl
2022
TotaL
N￿e
INCOMING RESOURCES
Income and endowmentsfrom
Subscriptions, donations and
ieAa¢ies
21.816
7.111
28,927
25,266
ChaFLtabLe acti¥51ies
GreetingC2rds atKI Books
Youngfriends
Investment Incorne
Evenrs an(J a¢tivitie5
1.005
1.005
793
22.856
3,144
3,303
491
26,367
20,356
3.144
2.500
Totalincomingwe$ources
46.321
10.404
58.961
ExPEND￿uREON
Charitable adivities
Greetin£Cards and Book5
Govemance cost5
Grants
Events and aCt￿ltIeS
744
8,624
90,519
744
1,341
5,738
168,434
1,616
8,624
90.519
2.082
Total resources expended
101.969
101,969
177,129
Nergainslllossesl on investments
8.236
175.8961
NET INCOMEIIEXPENDITUREI
147.4121
iQ.404
127,0081
I194.5￿)
Recon¢SUation olfund5
Totalfunds brought IoTh*drd
505,166
126,631
148.955
780.752
975,716
Totalfunds caffiedforward
457.754
137.035
148,955
743.744
780.752
ThEnotes ofj pages8to15fomi partofthesefinancialstatements
-Page6-

FRIENDSOFTEWKESBURY ABBE
BALINCE SHEET
at 31 December2023
Note un￿51￿cted
Funds
Restricted
Funds
Endowment
Funds
2023
Total
2022
Total
FIXED ASSETS
Investments
4134,837
137,035
148,955
720,827
638,846
Total Fjxed Assets
.837
7.035
148.955
720.827
638,846
CURRENT ASSErs
Stocks
Debtors
Cash at bankan¢ in hand
517
3.885
21.852
517
3.885
21.852
364
S,923
137,816
io
Total CuFrentAssets
2&254
26,254
144.103.
UA8ILITIES-amourt5faibng due wlthln oneyear
Other creditors a￿d ac¢ruals
li
3.337
3,337
2,197
Net c￿￿entA$Sets
22.917
22.917
141,906
TotaLNet Assets
457.754
137.035
148.955
743.744
780.752
FUNDS
Unrestricted funds
Re5trictett lunds
Endo¥*m)eni fund5
457,754
137,035
148,955
S05.166
126.631
148,955
Total CharWFund5
743.744
780,752
The financial statements were approved byihe BoardofTrustees and authorised lor issueon 13thApril 2024
and were signed on Irs behalt ty.
G L Finch-Trustee
Bennett-Trnstee
.Page7-

FRIENDS OFTEWKESBURY ABBEY
NOTESTO THE FINANCIAL STATEMENTS
for tho year ended 31 December 2023
I ACCOUNTING POLICIES
Basis of preparation
The tinancial siaiementsotthe charrty. which Isa pubiEC benetitentrty uniSei FRS 101 have been prepared I
accordancewith the Church Accouniing Regulations 2006togeiheri.iith Chariknes SORP IFRS 1021'Accounting
and Reporting by Charities.. Ststement ol Recommended Piacice app￿Cab[elo charities prepar5nEihoiraccounts
in accordance withlhe Fir.ancial ReportintFStaTr15afd applicable Intme UK antj Republic of Iieland IFRS 1021.
and Ihe CharitiesAct2011.ThefinanciaLstaiement5 have been prepared underthÈhistorical cost convenlion.
th the exception0* Investmentswhich are Included atmaiket value. as modifi.ed bythe ievaluation of certain
assets.
Incoming resources
Donations, gifts and legacies representamount5 receNed ornotified duringtheyear. iogetherwilh any associated
tax refund.
Donations for specific purposes are ciedited rothe statement of fin3nc5al acu¥ities in iheyear in which theyare
received. Unspent baiantesare carlled foTh¢ard tQ5ubseouentyeatswithin restrirted funds. Tax refunds are
recognis8dwhen the incoming resource towhi¢h theY￿e￿ie 15 receNed.
fe subscriptions receNed areallocaied to smemenl of FinancialActiwEies in theyear 1Th￿1Ch theyare rBceNed.
Annual subscriptions togetherwth the appropriatetaxrepaymentaye treated as income atthe tIFnethey are due.
Resources expended
Liabilities are iecogni5ed as expendituie as soon asthere is alEgal orcon5tTuthve obb"Eation cornrnittingthe
chartyto the expenditure. All expendtfuie is accounted for on an accruals basis.
Governance costs comprisE thecosts of tunnirtgthe chaiityand au costs involvingthe public accountabilityollhe
chality and it5 comptiancewth ieguLatsons and good pTaciice. Thesetosts iftclude the Cosis of the preparation
ano exatninaiion OTsiaTutory accoyni5.
Grant expenditure is recognisedonlywhen thegrantsore paid. Grants app￿Ved for payment in futureyears are
transferredtQ i> designated fund in theyeai In whichtheyare approved 2nd included in the balance Sheet as
Designated Fund- future grants untiltheyaFe pai
AU other expenditure is generally recognised whetTrit155ncuffed and is a¢couTrted foi gross.
stocks
stocks are value¢ atthe lower of cost and net rea￿sab[eVa1Ue.
Fund accounting
Endowmentfunds a￿lUnds. capnal ofwhith musibe rnainiained,. onlyincome arisingfrom irsvestmentof the
endowmenttnay be used as erther restricted or unrestrictedfund dependingupon the puipose lorwhichthe
endawmentW3s established.
Restricted funds represent (al incortlefrom wsts oren(5owmerttswhs¢h may be expended only onthose
restricted objectives piovided Inthe tem)s ofthe trust or bequest. and Ibl donations or grants ieteivedfor a
specrfic objective. The funds may onlybe expended on the specific obiectforwh5ch theywere gNen. Anybalance
remaining unspent attheend of eachyear must be carriedforv4aid as a balance on thai luniL The Friends of
TewkesburyAbbey does notusuallyinvest 5eparatelytoreach fund.
Unrestricted funds are generalfuftdsihatcall be usedtor ordinarypurpose5.
-Page8-

FRIENDS OFTEWKESBURY ABBEY
NOTES TOTHE FINANCIAL STATEMENTS
forthe yearended 31 Decembei2023
Investments
Inve%rments liste4 on a recognised stOCK marketexchange are slated atmitj-marketvalue In the balance sheet.
Ail movemEnts in value ansingfrorn Invesimert changes and revalllations are included in the Ststementof
Financial Activities.
SUBSCRIPTIONS. DONATIONSAND LEGACIES
Unrestrlctsd Restricted
Funds
Funds
Endowment
Funds
2023
2022
Subscriptions- Annual
Subscription5- Life Friends
Donations- 2021 Appe81
Donations- Other
Taxrecoverable on gift aid
Bequests and legacies
7.173
3.980
7,173
3,980
6.937
6,491
10,193
1,600
2,277
258
2,423
8,515
6.937
6.491
2,672
1.500
174
1.500
21.816
7.111
28,927
25,266
The Friend5ha¥* be*EadY￿0[a bwUesttrttmH¥D￿PO(1*HI]L TherXeweamwnt5ti11ie￿1instl¥be detÈtrniNed.
INVESTMENT INCOME
Unrestrictert Restiicterf
Funds
Funds
Endowment
Funds
2023
2022
Dividen(Js Irom bsted investrnents
Deposit account interest
18.295
2.061
2,500
20,795
2,061
24,610
1,757
20,356
2.500
.856
26,367
-Page9-

FRIENDSOFTEWKESBURY ABBEY
NOTESTO THE FINANCtALSTATEMENTS
for the year ended 31 December2023
4 GRANTS PAYABLE
UnTestricted ReslTiCted
Funds
Funds
End0v￿ent
Funds
2023
2022
Christrna5 Gifts
Abbey PCC..
Maintenance of labrit
Repairs to office wtndow5
Trees In the Churchyard
Visltor Centre
Office fire doors
Conservation ManagetnefiiPLan
West End Project
Choralscholarship Fund
Tower Inspection
200
75.000
3.519
75,IKIO
3.S19
100.000
32,803
1,998
11,830
4,218
6,500
3.885
7,000
7.000
5.000
s.000
90.519
90.519
16&434
5 GOVERNANCE COSTS
Unrestricted Restricted
Funds
Funds
Endowment
Funds
2023
2022
Bank charges
Printingand ststionery
Postage and telephone
Administration costs
Sundry expenses
Insurance
Independent Examiner'5 retnuneration
Independenl Examiner's.. (Xherfees
223
826
223
826
194
665
343
2,181
242
5.217
199
5.217
199
507
1,606
1.560
600
1,560
600
8.624
8,624
5,738
6 TRUSTEES, RENUNERATION AND BENEFtts
Therewere no trusrees. Temuneiation orothef benelrtsforlheyear ended 31 December 2023 llDrlortheyear ended
31 December 2022.
Trustees. expenses
Tiusrees are paid Expenses torattendingmeetings and Oubes directty related totheir duties astrustee. In 2023,
I trusteewas paid Eotal expenses of £60012022- £1,610).
-PagelO-

FRIENDS OFTEWKESBURY ABBEY
NOTESTOTrIE FINANCIALSTATEMENTS
fortheyearended 31 Deeember2023
7 FIXEDASSET INVESTMENTS
Historical
cost
Mart(etVaLue
Unreali5ed
ProlttllLossl
duringyear
3L1123
Llsted invÈ5tments..
31.12.22
Church of England Fixed Interest Fund
Church ol Eng￿￿0 InvestrneTrt Fund
M & Gsecurities Charilund
Lloyds TS8 Ord Shares
Rathbones
376.695
68,230
193,869
si
5,242
17.3221
831
720,000
52
720.775
775
720,831
720.827
638,
8.236
8 STOCKS
2023
2022
Stocks ol greetingcard5 and books
517
517
9 DEBTORS
2023
2022
Amounts f311ingduewthin on year
Bequests
Income tax recoverable
Prepayrrents andacctued in¢tsme
Other debtors
3,500
2.423
439
600
3,885
5,923
10 CASHAT BANKAND IN HAND
2023
2022
Cash atbank
Gene131 currentaccount
Church of EnEland Board of Finantedepositfund
TheAffirmatNe Deposit Fund
Cash in han(t
21.852
85.677
6.410
45,727
21.852
137,816
-Pagell-

FRIENDSOFTEWKESBURY ABBEY
NOTESTO THE FINANCIALSTATEMENTS
for the year ended 31 December 2023
11 CREDITORS
2022
Othercredttors
3.337
2,197
3,337
2,197
12 MOVEMENTS IN FUNDS
Net
Miwement
inlunds
Nei
TraAsfeTS
betweenlunds
At
01.0123
Al
31.12.23
Unrestricted funds
Generallunds
Designated- Maintenance ReseNe
Designared- Futur2 Grants
197.166
200,(X)O
108,000
S05,166
43.107
1243,5191
13.2461
200.000
261.000
457,754
190.5191
147.4121
243.519
Restri￿edI￿n￿s
The FFiends' 2021 Appeal
Young Friends
124.456
2.175
126,631
9.611
134,067
2,968
137,034
10.403
Endowmentlunds
Capital Endowment Fund
148.955
148.955
TOTAL FUNDS
780,752
137.0081
743,744
Net moverneDt in ftjnds. included in the above are astd1￿.
Incoming
Resources
Resources
Expelldèd
Gain and
Losse5
Movement
ill funds
Unresiricted funds
Generalfund
Designated- Future Grants
46.321
111.4501
190.5191
iioi.wi
8.236
43.107
190,5191
147,4121
46,321
8,236
Restricted Funds
The Friends'2021Appeal
Young Friends
9.611
793
10.403
9,611
793
10.403
TOTAL FUNDS
I101.￿9)
137,0081
-Page￿-

FRIENDS OFTEWKESBURY ABBEY
NOTESTOTHE NNAN¢tAL5TATEMENTS
foithe year ended 31 Decembei 2023
12 MOVEMENTS IN FUNDS-contlnued
Net
Movement
infvJ)ds
Net
TTanslers
betwee# funds
At
01.01.22
At
31.12.22
Unrestricted funds
Generalfunds
Designated- Maintenance Reserve
Designated- Future Grants
303.538
200,1)00
195,881
699.419
129.9041
176,4681
197.166
200,000
108,000
505,166
1164.3491
1194.2531
76.468
Restricted funds
The Friends. 2021 Appeal
Young Friends
125.658
11.2021
491
124.456
2.175
Endowmentfunds
Capital Endowment Funtj
148,955
148,955.
TOTALFUNDS
975.716
1ts4.9641
780.752
Net movemem inlunds. included in the above areasfollows:
In¢oming
Resour¢Ès
Resources
Expended
Galn and
Losses
Movement
inyunds
Unresiritledfunds
General lund
Designated- Future Grants
54,887
18,8951
1164,2491
1173,2441
175,8961
129,9041
1164,3491
1194,253
175,8961
Restrlcted Funds
The Fr5ends' 2021 Appeal
Young Friends
13,8851
11.2021
491
17111
491
3,174
13.8851
TOTAL FUNDS
58.061
1177.wl
175.8961
1194,9641
-Pagel3-

FRIENDS OFTEWKESBURY ABBEY
NOTE5TOTHE FINANCIALSTATEMENTS
forthe year ended 31 Decombei 2023
MOVEMENTS IN FUND5-¢oniinued
CAPITAL ENDOWMENTFUNDS
The capital endowThentfunds are Tepresented ty Inveszrnents shown on the balance sheet. They
were estabb.shed asfollow5-.
1992 Estate Of Major K B Smith Yo be invested by ihe Friends in anyinvestfflent
authorised, and the incometo be used foTthe maintenatlce and repair olthe
the fabricoftheAbbey."
23.655
1994 W. E. ThomasTrustlo be invesred foT pmduciTrg income lorthe Friends.-
18.000
1999 Anonymous- lo go intothefundsto prijduce income-the capitaltt> be retained."
800
2001 AnonyThous logo into thefunds to produce income-the capitalto be rÈtained.'
I,ooG
2004 George Cadbury Fund Ltd'togo intothe fundsto produce more income-
the capiialto be retained"
75,000
2014 George Cadbury Fund Ltd"to go into the fUl￿S to produce rnore income-
the capitalio be retained-
25,000
2016 George Cèdbury Fund Ltd lo go iniothefunds to produce n￿re income-
the capitatto be retained"
2,500
2020 Estate of MrsA L K Cadbury 70 be invested bythe Friends in any investment
authorised, and the incometo be used forthe tna5ntenanceand repairof the
labric ol the Abb
3,000
£148,955
The FTieTtds' 2021Appeal
Donations lo an Appealwith the aim of raisiner202.IOOfora specth'c projectto transform ihe West End
of theAbbey.
Young FTiends
Income and expenditure torthe purpose otpromob"ngacNttesforrnetnbers otthe Young FrieniJ5
Membership Scheme.
Designated funds. maintenance reserve
To ensurethar sufficiefttfunds are available, so thatlhe Fiiends car> make major conthbuts.ons tothe PCC
towards ihe makrrtenance and improvemem oftheAbbey. a reserve is maintained atiiot less than £200.ODO.
Dèsignatedfunds-ftrtuiegrants
The Council has designated fundsforgtanis lorthefoliowsng projectswhich have notyet been undertaken
orcompteted.
-Pagel4-

FRIENDS OFTEWKESBUAY AB8EY
NOTESTO THE FINANCIAL STATEMENrs
lor the year ended 31 December2023
12 MOVEmE￿rS IN FUNDS- continued
Date approved
Approved Released to No longer
In year
SOFA
required
OL0123
31.12.23
2021 Officewindows- 5upplementsry
2022 Grantto Fabric Fund for 2023
2022 Choral Scholarship Fund
2023 Grant to Fabric Fund for2024. 2025
and 2026
2023 Tower Inspectton
13,5191
175.0001
17.0001
11.4811
75.000
28.0(K)
21.000
240.000
5.000
240.000
(s.¢￿XI)
108,000
245.OOD
I￿.519}
11,4811
261,000
Funds are designated In iheyeaT in which tlte project 15 approved.
The provision 15 released wheTrthe grant 15 paid or rfthefunds are nolongerrequired.
13 RE￿TED PARTYDISCLOSURES
There We￿ no related pattytransacrions toilheyearended 31 December2023.
-Pagel5-