Charity registration number.. 211236 THE FIUENDS OF TEWKESBURY ABBEY TRUSfEES' REPORT AND UNAUDITED F114ANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
The Friends of TeWke$lry Abbey Contents Page Reference and Administrative Details Trustees, Report Jndependent Examiner's Report statement of Finanoal Activikn"es Comparative Statement of Financial Acbvities Statement of Financlal Position statement of Cash Flows Notes to the Statement of Cash Flows Notes to the Financial Statetnents LO-L6 Tre following pages do not fomi part of the statutory accounts.. Detailed Statement of Financial Acknvitses 17
The Friends of Tewkesbury Abbev Reference and Administrative Details For The Year Ended 31 December 2025 Trustees Rev Chades Whithey - Chair (igTred 2810612025) Dr Ian White - )fice Chair until 28106125 and Chair from 29/06125 Dr Nancy Oakes - Vice Chair from 2910612025 Mr Nigel Bennett - Treasurer Mr John Groom Dr James Lancelot Mr Gareth Hill Mrs Marion Beagley Miss Jennie Clifford (appointed 2910612025) Nrs nda Parsons Mr Rafael Bellairs Nrs Karen Feighan Ireygned 2910512025) Mrs Elizabeth Charman (resigned 2810612025) Dr Andrew Crowther (resigned 2810612025) Mrs Sylvia Lancelot (resigned 2810612025) Rev Canon Nick Davies Mr5 Joy Pegg lappornted 2910612025) Mr Hugh Sweet {resigned 2810612025) Mrs Sue Coulton Mr Paul Charman (resigned 2810612025) Se¢retary Mrs K E Vincent. Abbey Office. Church Street. Tewkesbury, Gloucestetshire, GL20 5RZ Bankets Uoyds TSB Bank plc, High Street, Tewkesbury, Gloucestershire GL20 SAW Charity Number Principal Address 211236 The Abbey Office Tewkesbury Abbey Tewkesbury Gloucestershire GL20 5RZ Independent Examiner Michael Bull Bsc (Hons) FCA BPC Parners Mited Chartered Accountants 3 Royal Crescent Cheltenham GL50 3DA The Friends of Tewkesbury Abbey 15 registered with the Charity Commission under the Charity number 211236. The principal office of ihe Charity is at The Abbey Office. Tewkesbury Abbey. Tewkesbury. Gloucestershire. The Charity's Trustees comprise the Members of the Council who are listed within this report. The names an¢J addresses of the HDnorary Treasurer. Secretary. Bankers and Independent Examiner are alsLF included. Page 1
The Frlends of Tev4ltesbury Abbey Te*s, Report For The Yeor Ended 31 December 2025 Thè truste present their report and the financial Strdtements for the year ended 31 December 2025. Objectives and Activities Aims and Objectives The Friends. main purpose 15 to assist the Abbey as set out in the constitution. The Counol receives recommendations and information about the needs of the Abbey frorn the Parochial Churth CountÈl. which has the prime responsibility to maintain the Abbey. The AbbÈy 15 in constsnt need of care, maintenance and repair and, in view of its size and age, some of these demands are likely to be unpredictable in their timing and substantial in their content. The Friends, assets are available tts be spent for the purposes of the Friends with the restrictions that the capital endowment funds are required to be invested to pmduce income and the restrirted funds must be used for the purposes spectfied by the donors The Counal continues its policy of maintaining incolne and reseThes to fulfil its purpose to assist the Abbey. having regar¢J to the obligztions that it m3y be asked to a$5urne. The unrestrirted funds at 31 December 2025 totslled £385.393 which included two designated funés.. a maintenaft erve of £200,000, and a designdtred fvnd for future grants of £87.000. The Trustees have referred to the guidance contained in the Charity COMMIOn'S genernl guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. In particular, the Trustees consider hcw planned activities will contribute to the aims and objectives they have set. Public Benefit The trustees confirni that they have complied wrth the requirements of Secbon 17 of the Charitie5 Act 2011 to have due regard to the Charity Commisslon's guidance on public benefft. Achievements and Performance Main Achievements £87,000 was paid in grants during the ye?r, which induded £80,OaO for the maintenance of the fabric of the Abbey, and £7,000 for the Choral Scholarship Fund. In ottober 2019 The Friend5 launched an Appeal to mark the 900th Anniversary of the consecration of the Abbey in 2021. The tsrget is £202,100 to support a projert to reorder the WÈ5t end of the Abbey so as to provide a more open. light and welcoming entrance. At 31st December 2025 £143,612 had been raised. Financial Review Financial Position Income for 2025 totalled £562,185 12024 - £43,698) which induded bequests and legaoes amounting to £522,547 12024 £1,572). Income from investments totalled £18.786 {2024 -£20.683) and continues to fomi an important part of the Friends, income. Governance costs are met each year frorn subscriptions. The Mointenance Reserve has stayed consistent at £200,000. The level of the reserve follows the guidelines set out by the Charity Commrssioners. The value of investments increased by £17.370 12024 - £22,355). Reserves Policy The Trustee5' policy is to maintain sufficient reserves to enable the charity to respond to sign¢ficant maifttenance, repair and improvement needs of Tewkesbury Abbey, while also providing a rneasu Df finanoal stsbiliry in the event of fluctuations in in£orne. At 31 December 2025. the charity'5 total funds amoLtnted to £1,192,445. Of this, £658,097 related to restrirted funds, £148,955 to endowment funds and É287,DOO fo designated fund5, comprising £200.000 set aside as a maintenance reserve and E87.000 desionated for future grants. The charity's free reserves. bein9 unrestricted funds available for general use after excluding designated funds. therefore amounted to £98.393. The Trustees aim to rnaintain free reserves at a lÈvel of not less than £200.000. At the year end, ffft reserves were below this level. The Trustees keep the position under regular review, trdking into accDunt the charity's investment base, expected future income and the ongoing needs of the Abbey for repair, maintenance and improvement works. structure, Go¥emance and Management Governing Document The Trust is governed by a constitution created in 1933, and amended 2nd July 1989, 23rd February 2013 and 29th June 2025. Page2
The Friends of Tewkesbury Abbey Tyustees. Report (Eontinued) For The Year Ended 31 December 2025 Trustee Selection Methods Members of Council serve for three years and if willing can be re-elerted for a further the years at the AGM. A member of Council who has Served two continuous terFns will not be eligible for rtrelection until one year after retirement at an AGM. Organi2ational stwrture The Council is responsible for the management of the affairs of The Friends. Statement of Trustees. Responsibilities The trustees are responsible for preparing the Tru5tees' Report and the financial statements in accordante with applicable law and United Kingdorn Accounting Standards (United ngdorn Generally Accepted Accounting Practice). The 13w applicable to charities in England and Wales requi the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity aiid of the incoming resources an¢J application of resour5 of the charity for that period. In preparing the financial statements the blee$ are QuIre£l to.. select suitable accounting policies and then apply them consistenuyi observe the meth(M15 and principles in the Charity SORP; make Judgments an¢J accounting e5tirnates that are reasonable and prudent. state whether applicable accounting standards have been followed- subject to any departure5 di5c105ed and explained in the financial statements- and prepare the financial 5tstements on the going concern basis unless it is inappropriate to presume that the ch6rity will continue in busine55. The trustees are responsible for keeping adequate actounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts CDmply wtth the Charities Act 2DlI, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregu13rities. The trustees are responsible for the maintenance aTKJ integrtty of the corporate and finanoal infom)atitsn induded on the charity's website. Legislation in the United Kingdom governing the preparation and disseminathon of financial statements may differ from legislation in other jurisdictions. The trustees, report was approved by the board of trustees and signed on its behalf by: Dr Ian White Twstee 18th April 2026
The Friends ofTewkesbury Abbey Independent Examiner's Report to the TtustÈes of The Friends of Tewkesbury Abbey For The Year Ended 31 December 2025 I report to the trustees on my examination of the cOUThts of The FrieTrJs of Tewke5bury Abbey (the TnJst) for the year ended 31 December 2025. Responsibilities and Basis of Report As rhe charity truste* of the Trust you are respopsible for the preparatK)n of the accounts In accordare the requirements of the Chèrities Act 2011 fthe Act"). I report in respect of my exatninaticn of the Trtsst's accounts tarried out under section 145 of the 2011 Act and in carrying out my examination. I have folloY4ed the applicable Direthons given by the Charity CornmSlon Under seebon 14515)Ibl of the Act. Independent Examiner's Statement since the Trust's gross illcomE exceed £250.000 your examiner tnu5t be a memtEr of a bjdy listed in settion 145 of the 2011 Art. I confirtn that T am qualified to undertake the examination because I am a metnber of The InstiiutÈ of Chartered Accountants in England and Wales. which is one of the listed bodi. I have completed my examination. I confirm that no rnaterial matters hove come to my attention in connertK)n with the examination yiying rne cause to believe that in any material respect= ccounting records were not kept In respect of the Trust as required by 5e£tion 130 cl the Art,. or the accounts do not accord With those records. or the accounts do not comply wh the apkqicable requirements conceming the fomi and contents of accounts set out in ihe Charit5 (Accounts and Reports) Regulations 2008 other than afiy reouirement that the accounts give o 'true and fair view. hich is not a matter considered as part of an indeThdent examination. I have no contern5 and have come across no other matters in connecbon with the exatnination to whith attention should be dTrwn In this report in order to enable a proper understarwjing of the atcounts to be re6thed. Michael Bull BSC (HDns) FCA 8" May 2026 3 Royal Crnt Chelt2nham GLSO 3DA
The Ftiends of Tewkesbury Abbey ststement of Financial Activities For The Year Ended 31 December 2025 2025 2024 Unrestr¥cted Restrlrted Endowment funds funds funds Totsl funds Total fvnds Notes INCOME AND ENDOWMENTS FROM: Donations and leg6cies Charitable aciivities Investments 25.018 3,595 14.786 514.786 539,804 3,595 18,786 17,969 5,046 20,683 4,000 43.399 518,786 562,L85 43,698 EXPENDITURE ON: Charitable activities (98,136) 198,1361 198.771) NFf INCOME/IEXPENDrruREI BEFORE INVESTMENT GAINSI[LOSSESI Net gains on investments (54.737) 518,786 464,049 155,0731 17,370 17,370 22,355 NET INCOME/IEXPENDrruREI 137,367} 2.968 518.786 481.419 132,718) Transfers between funds 16 12,968) NEf MOVEMEW IN FUNDS 134,399) 515.818 481,419 132,718) RECONCILIATION OF FUNDS: Total funds brought forward 419.792 142.279 148,955 711,026 743,744 TOTAL FUNDS CAED FORWARD 16 385,393 658,097 148,955 1,192,445 711,026 The notes on pages 9 to 16 forni part of these financial strdtements. Unrestricted funds indude free reserves and designated nds. please refer to the breakdown in note 16.
The Friends of Tewkesbury Abbey Comparative Statement of Financial Activltles For The Year Ended 31 December 2025 2024 Unrestricted Restrlcted Endowment fund$ funds funds Total fvnds INCOME AND ENDOWMENTS FROM: Elonations and legacies Charitable activities Investments 17,225 5,046 17.683 744 17,969 5,046 20.683 3,000 39,954 3,744 43.698 EXPENDITURE ON: Charitable acuvitie5 (98,771) (98.771) NET EXPENDITURE BEFORE INVEsfMENT LOSSES Net gains on investments (58,817) 20,855 3,744 1.500 (55,073) 22,355 NEf EXPENDITURE 137,962) 5,244 132,718) NEf MOVEMEfw IN FUNDS 137.962) 5,244 132,718) RECONCILIATION OF FUNDS: Totsl funds brought fonvard 457,754 137,035 148,955 743,744 TOTAL FUNDS CAWED FORWARD 16 419,792 142,279 148,955 711,026 The notes on pages 9 to 16 form part ot these finanaal strdtements. Page6
The Friends of Tewkesbury Abbey statement of Financial Position A5 At 31 December 2025 2025 2024 Unrestricted Restricted Endowment funds funds funds Total funds Total funds Notes FIXED ASSETS InvestFNents 12 381,721 658.097 148,955 1,188,773 705,909 381.721 658.097 148,955 1,188,773 705,909 CURRENT AsSS Stocks Debtors Cash at bank and in hand 13 300 2.?74 300 300 14 2,274 3.445 1,949 5.648 3,445 6.019 6,019 7,897 Creditors: Amounts FalliTrg Due Wlthln One Year 15 (2,347) (2,347 ) (2,780 ) NET CURRENT ASSETS (LIABJLITIES) 3.672 3.672 5,117 TOTAL ASSEfs LESS CURREr LIABILIEs 385.393 658,097 148,955 1,192,445 711,026 NET Assrrs 385,393 658.097 148.955 1,192.445 711,026 FUNDS OF THE CHARITY Endowment Funds Restricted Funds Vnrestricted Funds 148,955 658,097 385.393 148,955 142,279 419,792 TOTAL FUNDS 16 1,192,445 711,026 On behalf of the board Dr Ian White Trustee Mr Nigel Bennett Trustee 18th April 2026 The notes on pzges 9 to 16 form part of these finanoal statements.
The Friends of Tewkesbury Abbey Statement of Cash Flow5 For The Yea¥ Ended 31 Dember 2025 2025 2024 Notes Cash flows from operating activities Net cash generated from/lused inl operations 444,507 174,160) Net Cash generated fromllused inl operating actrvitses 444,507 (74,160) Cash flows from investing activities Purchase of other fixed asset lnvestrnets 1545.4961 80,000 11,907 6,879 (42,7271 80,000 13,140 7,543 Proceeds from disposal of other fixed asset investments Interest received Dividends received Net cash (used inllgenerated from investin9 activities {446,7101 57,956 Decrease in cash and cash equivalents Cash ano cash eouivalents at beginning of year (2,2031 5,648 116,2041 21,852 Cash and cash equivalents at end of year 3,445 5,648 Page 8
The Friends of Tewkesbury Abbey Not¢s to the Statement of Cash Flows F4)r The Year Ended 31 December 2025 l. Reconciliation of incomel(expenditure) to cash generated from/(used in) operations 2025 2024 Net incomellexpenditurel Adjustments for.. Income from investments Profit on revaluation of re assets Movements in working tapitsl.. Increase in stocks Increase in tra¢e and other debtors (Decreasellincrease in trade and other treditor5 481.419 132,718) 118,7861 117,3701 120,683) 122,355} 217 {3231 {4331 1,936 {5571 Net cash generated from/lused In) operations 444.507 174,1601 2. Cash and castt equivale¢ Cash and cash equivalents, as stated in the Statement of Cash Flows. relates to the following items in the Balance Sheet.. 2025 2024 Cash at bank and in hand 3,445 5,648 3. Analysis of Changes in net funds Asatl January 202S Asat31 December 2025 Cash Ilov Cash at bank and in hand 5,648 12,203) 3,445
The Friends of Tewkeslwry Abbey Notes to the Financial Statements For The Year Ended 31 December 2025 l. General Information The Friends of Tewkesbury Abbey is an unincorporated charity registered with the Charity Commission, registered charity number 211236. The principal address is The Abbey Office, Tewkesbury Abbey. Tewkesbury. Gloucestershire. GL20 SRZ. 2. Accounting Policies 2.1. Basis of Preparation ol Flnanoal Statements The financial statements have been prepared in accordante with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended PracbtÈ appIlble to charities preparing their accounts in accordance with the Financial Reporknng Standard applicable in the UK an¢J Republic of Irelancl IFRS 1021 leffective 1 january 20191" Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Incoming Resources Donatyons, gifts and legacie5 represent &rnounts re1Ved during the year. together wtth any associated tax refund. Donations for specific purposes are ¢xedited to the ststement of financial activities in the year in which they are received. Unspent balances are carried forward to subsequent years within restricted funds. Tax refLJnds are cogniSed ivhen the incoming resource to whSch they late is received. Life subscriptions reived are allocated to Ststement of Finanoal Achvities in the year In which they are recoved. Annual subscriptions together with lJ)e appropriate tax repayment a treated as income at the knme they are due. 2.3.Going Concern Disclosure The fin6ncial statements have been prepared on a going concern basis. The Trustees have considered the charity's available resources, expected investment income, anticipated voluntary income and the level of planned gront expenditure for at least twelve months from the date of approval of these financial statements. On that basis. the Tnjstees consider that there are no material uncertainties atx)ut the charity's ability to conty.nue as a going concern. 2.4.Stgnificant Judgements and estlmatlons In the preparation of these financial statemenL%. the Trustees ao required to make judgements, estimate5 and a55umptions that affect the reported amounts of income, expendthre. assets and liabilitie5. The most significant area of judgement is in detem)ining whether income, paCulav legary income, should be recognised in the Statement of Financial Artivities. Recognition is based on the p)*nt at which entitlement is established, receipt is prob3ble and the amount can be measured rlably. The Trustees do not consider there to be any key sources of estimation uncertainty at the reporting date that would glve r(se to a material adjustment trj the carying amounts of assets and liabilities within the next financial year. 2.5, Resources Expended Liabilities are recognised as expendSEure as soon as there is a legal or constsijcbve obligation cornmitting the charity to the expenditure. All expenditure is accounted for on an accrua15 basis. Govern3nce costs comprise the costs of running the charty and all costs involving the public accountability of the charity and its compliance with regulations aThJ good practi. These costs indude the costs of the preparation an¢J examination of statutory accounts. Grant expenditure is Lgnised only when the grants are paid. Grants approved for payment in future years are transferred to a designated fund in the year in which they are approved and included in the balance sheet as Designated Fund future grnnts until they are paid. All other expenditure is generally recognised when it is incurred and is accounted for gross. 2.6. Investments Investments listed on a recognised stock market exchange are stste¢J at mid-market value in the balance sheet. All movements in value arising from investsnent changes and revaluations are included ift the Staternent of Financial Artivit(es. 2.7. stocks and Work in Progress stocks and work in progress are Valed at the kjwer of cost and net realisable value after making dije allowance for ob501ete and slow-moving stocks. Cost is deterniined using the first-in. first-out method. Cost includes all dirEct Costs and an appropryate proportion of fixed an¢J variable overheads. Wort( in prooress is reflerted in the accounts on a contrart by contract basis by recording tumover and related costs as contract activity progresses. At the end of eath reporbng period Stocks are asspssed for impaiment. If an item of stock 15 impaired, the identified stock is redUd to its selling price les5 Costs to complete and sell and an impairnient charge 15 recognised in the statement of rinancial activibes. Where a reversal of the impaiment is required the impaimient charge is reversed. up to the original impairment loss, and is recognised as a credit in the 5ts¥eEnent of fin3noal artivities. a£¢lO
The Friends of Tewkesbury Abbey Notes to the Finanoal Statements (continued) For The Year En¢Je¢J 31 Decetnber 2025 2.8. Cash and Cash Equivalents Cash and cash equivalents bre basic financial assets and include cash in and depostts held at call with banks, other short- term highly liquid investments that Matu sn no more than three months from the date of acouisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 3. Income from DonatSons and Le9acies 2025 Total funds 2024 Total Unrestri(ted Restricted funds funds funds Donations and grts Gift aid 23,233 1.785 514,786 538.019 1,785 16,406 1.563 25,018 514.786 539,804 17,969 The following donations Bnd kgacies a included within the total inco from i*)natKins and legaoes atM)ve.' 2025 2024 Unrestritted Restrirted funds funds Total funds Total funds Pagell Legacy and Bequests Donations Life Friends Annual Friends GiftA 8,062 2.336 8,738 4.097 1.785 514.485 301 522,547 2.637 8,738 4.097 1,785 1,572 2,317 7,763 4,754 1.563 25,018 514.786 539,804 17,969 4. Incorne from CharÈtable Activities 2025 UnstCted funds 2D24 Total funds Fabric of the Abtey: Card sale5 Events 1,462 2,133 325 4,721 3.595 5,046 5. Investment Income 2025 Total fund5 2024 Total funds Unrestricted Restr6cted funds funds Interest from nVeSents Dividends from investments 7,907 6.879 4,000 11,907 6,879 13,140 7,543 14,786 4,01)0 18,786 20.683
The Frlends of Tewkesbury Abbey Notes to the Finanaal Statements (Continued) For The Year Ended 31 December 2025 6. Analysis of Expenditstre Activttles Grant ndertaken funding of Support directly act¥vtt4es costs (see note 7 1 (see note 8 1 (see note 9 1 2025 Total Fabric of the Abbey 2,180 87,000 8.956 98,136 Acttviti Grant undertaken fvnding of Support dirertly activitie5 costs (see noie i 1 (See note 8 1 (see note 9 1 2024 Totsl Fabrlc of the Abbey 1,799 87,000 9,972 98,771 7. Direct Costs 2025 Fabric of the Abbey Fundraising activlties: Staging fundr3ising events Cost of goods sold: Card purchases 1,634 546 2,180 2024 Fabri¢ of the Abbey Fundralsing artlvities.. Staging fundraising events Cost of goods sold.. Card purchases 1,582 217 1,799 Paoe iz
The Friends of Tewkesbury Abbey Notes to the Financial Ststements (continued) For The Year Ended 31 December 2025 8. fjrants Payable 2025 2024 Grants to Grants to Institutions Instltutbons Fabric of the Abbey 87,000 87,000 Grants paitt to irFstitutions, included above, are as follows= 2025 2024 Abbey PCC.. Maintenance of fabric Abbey PCC.'Choral Scholarship Fnd 80,000 7,000 80,000 7,000 87,000 87,000 g. Support Costs 2025 Fabrlc of the Abbey General admin15tration- Insurance Printing, postage and stationery Support and adMintratIon fees Subscriptions Bank charges Sundry expenses Governance costs: Independent examiner's fees ProfelOn31 fees 451 474 3,315 132 172 125 2,000 2.287 8,956 2024 Fabric of the Abbey General admlnlstration.. Insurance Printing, postage and stationery Support and administration fees Bank charges Sundry expenses Governance costs.. Independent examinee5 fees Professional fees 438 1,118 4,034 308 120 2,000 1,954 9,972 Page 13
The Frlends of Tewkesbury Abbey Notes to the Financial Statements (cot)tinued) For The Year Ended 31 December 2025 10. Independent Examiner's Remuneration 2025 2024 Independent examination of the financ¢al statements other assur3nce seTvices Tax advisory services other financial servi 1,638 1,638 362 362 2,000 2,000 11. Average Number of Employees Average nurnber of employees during the year was.. NIL12024- NIL) 12. Investmer Listed Cost or Valuation As at L lanuary 2025 Additions 705,909 545,494 {80,0001 17.370 Disposals Revaluations AS at 31 Dernber 2025 1,188,773 Provision As at l January 2025 As at 31 December 2025 Net Book Value As at 31 December 2025 1,188,773 As at l January 2025 705,909 Investments listed on a recognised stock market exchange are stated at mid-market v3lue in the balance sheet. All movements in value arising from investment thanges at)d revaluations are induded in the Statement of Finanoal Activities. 13. Storks 2025 2024 stock 300 300 14. Debtors 202S 2024 Due within one year Other debtDrs 2.274 1,949 15. Creditors: Amounts Falling Due vrrthin One Year 2025 2024 Other creditors 2.347 2,780 14
The Friend$ ¢)f Tewkesiwry Abbev Notes to the Financial Statements (continued) For The Year Ended 31 December 2025 16. Movement ith Funds Asati January 2025 Asat31 December 2025 Income Expendlture Transfers Uhstricted funds General.. General unrestricted fund Designateé: Maintenantr Resetrve Future Grants 45.792 43,399 6,234 2,968 98,393 200.000 174,000 200,000 87.000 (87.000) 374.000 (87.000) 287,000 Totsl unrestrirted funds 419,792 43,399 180.7661 2,968 385,393 Restrirted fvnds The Friends, 2021 Appeal Young Friends Sylvia Simmond5 Legacy 139,311 2,968 4.301 143,612 12.9681 514.485 514,485 Total restricted funds 142,279 518,786 12,9681 658,097 Endowment funds Permanent.. Endowment Funds 148,955 148,955 Total funds 711.026 562.185 (80,7661 1,192.445 Asatl January 2024 Asat31 December 2024 Income Expenditure Unrestrfcted tunds General.. General unrestricted fund Designated.. Maintenance Reserve Future Grants 13.2461 39.954 9,084 45,792 200,000 261.000 200,DOO 174,DOO 187,0001 461.000 187,0001 374,DOO Total unrÈstrirted funds 457.754 39,954 177.9161 419,792 Restricted funds The Friends, 2021 Appeal YOug Friends 134,067 2.968 3,744 1,500 139,311 2,968 Total restricted funds 137.035 3.744 1,500 142,279 .CONTINUED Page 15
The Friends of Tewkeslwry Abbey Notes to the Finanaal Statements (continued) For The Year Ended 31 December 2025 Endowment funds Permanent.. Endowment Funds 148,955 148,955 Total funds 743,744 43.698 176.4161 711,026 Designated funds - maintenance reserve To ensurÉ that sufficient funds are avèilable, 50 that the Friends can make major contributions to the PCC towards the maintenance nd improvement of the Abbey, a reseNe is maintaineij at not less than £200.000. Designated funds- future grnnts The Coyncil has designated funds for grants for the following projerts which have nDt yet been undertaken or completed. The Friends. 2021 Appeal Donations to an Appeal with the aim of raising £202.IOD for a sperfic project to transfomi the West End of the Abbey. Young Friends Income and expenditure for the Purpose of promoting acbvities for members of the Young Friends Membership Scheme. Endowment Funds The capital endowment fund5 are represented by investments shown on the balance sheet. They were established as follows.. 1992 Estate of Major K B Smiih "to be invested by the Friends in any investment 3Uthorised, an¢J the income to be used for the maintenance and repair of the £23.655 the fabric of the Abbey. 1994 W. E. Thomas Trust 'to be invested for prodvung income for the Friends." £18,000 1999 Anonymous - "to go into the funds to produ income - the capitsl to be retained." £800 2001 Anonymous "to go into the funds to produce incorrE - the tapitsl to be retstned.. £1,000 2004 George Cadbury Fund Ltd "to go Into the funds to produce more income - £75.000 the caprfcal to be retained" 2014 George Cadbury Fund Ltsj Yo go into the fvnds to produce more income - £25,000 the capital to be retained" 2016 George Ca¢Jbury Fund Ltd kn go into the fund5 to produce more income - £2.$00 the capital to be retained" 2020 Estate of Mrs A L K Cadbury Vo be snvested by the Friends in any investment £3,000 authorised, and the income to be used for the maintenano and repair of the fabric of the Abbey" 17. Transactions with TNstee5 None Df the trustees (eIved any remuneraty.on or any other benefft5 from an employment with the charity or a lated entity during the current or previous year. No trustee expenses have been incur. 18. Related Party Disclosures There have been no related rty transaLtiOn5 in the reporting period that requi disclosure. Page 16
The Friend5 of Tewkesbury Abbey Detailed Statement of Finanoal Activities For The Year Ended 31 December 202S 2025 2024 Totsl funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legaries Donations and gifts Committed (regular) giving Gift aid 525,185 12.834 1,785 3,888 12,518 1,563 539,804 17,969 Charitable Arttvities: Fabric of the Abbey Card Sales Events 1,462 2,133 325 4,721 3,595 5,046 Investments Dlvidends from other fixed asset investments - listed Interest from other fixed asset invesirnerts - listed 6.879 11,907. 7,543 13,140 18,786 20,683 562,185 43.698 EXPENDITURE ON: Charitsble Activities: Fabric of the Abbey Card purchases st3ging fundraising events Grants to insttutions Insurance Printing, postage and stationery Support and administration fees Subscriptions Bank charges Sundry exper)ses Independet examiner's fees Professional fees (5461 11,6341 187,0001 14511 14741 13,3L51 IL321 11721 11251 12,0001 12,287) 12171 {1,5821 187,0001 14381 11,ILBI {4,0341 13081 11201 12.000) 11,9541 198.1361 198,771) 198,1361 198,7711 NET INCOME/(EXPENDrruRE) BEFORE ZNVESTMEIIT GAINS/(LOSSES) 464.049 (55.073) Net gains on investments Surplus on revaluation of investrnents 17,370 22,355 17,370 22.355 NET INCOME/(EXPENDThURE) 481A19 (32,718) Page 17