The Friends of Dorchester Abbey Annual Report and Accounts forthe year ended 31 March 2023 Contents Trustee< Report Page 14 Statement of financial Activibes Page 5 Balan Sheet Page 6 Notes to the Accounts Page 7-9 Independent Examinerfs Report Page 10 Registered Charity Number. Z75819
The Friends of Dorchester Abbey Trustees. Report for the year ended 31st March 2023 Registered Charity Number: 275819 Princlpal Office: DorchesterAbt*y Rectory. D0rdster on Thames. Oxon. Objectives and Artivities indudlng all asscKlated builthngs w?trin the curtilage of the Ab¥ Erournls. In particular. the Trust uses Its The FrieThJ5 are neither a genual funderoFAllw related acts¥Èbes nor a fun&r of t35t TwrL membership. There isa1s0asu£fp01IedThÈBerf0wSo£iety.These1atter memlws payasubwxiptlon of a minimum of £140 per alnum. Eath substtiptton const1t a dor¢tS(ffi to The Friends of Dor£hester ALthy. The Friends meet periodicallyeath star social ents ar¥1 visits to place5 of hi5t(>rical interesL Structure, Governan and Management Trustees Trustees: The RL Re¥d Gavin CoKiÉLSIBl1Pof Dorthesterl Ex-OffiaoTntstees Miss Gail Th(xna5 Ri(h¥d Dith (Chinnanl MrJohnTa¥kn e4alnan} Mr Nickjenkios OI¢YL Tre35urerl P4el
The Friends of Dorchester Abbey Trusteeg Report for the year ended 31" March 2023 (continued) Mrs Honor Jvnlw IMenknrshlpSeryet¥y) Dr Dld Parker Mr Rtknt Wumb (4>p)inted e JU 21ll2) Mrs MarySaw¥ Mrs HiIarywarbwt {Horn Seaetay) Achievements and Perfomian Throughout the >ear The Friernb have ¢CArtinl working to %wportThe Abbey. Subscriptlons recw¥ed irt the £4ll)3 tothe Friends and £6 955 to The Beaufore5t Society. Donations of £2,140 and the balance of a substl le8acy of £421KIO We recel¥ed during the year. On the oiitgLMng side, rioUS payments have been made to the PCC duriTh8the year. A total of £20.374 was paid fr tharltable 1vItieS mainlyto D¢xdRthr Abbey PCC to supptyt the Abbey in¢lu(fin8 a contribthion towardsthe wkeep of the grounds induth the herb garde The trustees thank Rithanl Di¢Vs Offi Its seuetsrial SUprL. irnleed. we thank all the trustees and officer5 fortheir Work ryerthe As previously ¥epctsd, thè PCC is pvogresgng a longtemi proposal fty w(M on the West End Gallery in the Abbey. The treS have agreed th4 rf the project becomes feasible with all the relevant consents a contribution of £100.) be made a¥ailable the building costs. Any alterations to the Guest H04tse are Tegarded as a separate future woiect and there are no current proposals bel considered bytt* trte9 Page 2
The Friends of Dorchester Abbey Trusteeg Report for the year ended 31st Marth 2023 (continued) Achtevements and Perforniance (continued) There was a net de(Tease in the value of investmerts over year 4Jf E3A69. Our reseT¥es at the ar-end We made up OF a Dèsignated Emergetty Fabric Fund holdln8 £50.OIXI: and the Edith Stedman Endlmient Fund IK)lthng £5.009. The remaining funds of £353,387 are in an Uftrestricted Ger Fthi(L Unfortunately. Treitrthe •mtal out1 the Dlwthestsr lerture were p0$5Kble although a well- supp)rted Beauforest seThice t(¥)k place in Nthiember. Reserves Policy Thè trust have PrlotY aÈrÈed to Iwld É50.(A)O as a Emergew Fabric Fnd. Thè remaining funds are as detailed abo. Going Concern The charity benefits from a regulaT inojme induthnE from InStrtThts and subscrfptions and having a strong £aWal base Is well.placed to cover its extEure. trustees accordin8ly believe that the tharity is a going Conrn forat leastts¥el¥e nw1n from the date cé approving these accounts and for the foreseeable futwe. Risk Management Since the role of the charity is to raisef4md5 fly the rest(Yation and repair of Dordstsr Abbey. the main risk Is of substsntial dedine in the level of donation5 and incorne from investments. The trustees aim to maintsin a le¥el of iwjme con5istsnt Wtth the antiopated needs of the Abbey. Public Benefft In exerdslng thelr powers. the trustees continue to due regard to Charrty Commission guidance on public benefrt published under 5ertion 17 tt* Charities Art 2011. The trustees onsider that. in helpingto conserve the fabric of thester Abbey. as laid out in paragraph one ol Objertives and Activ¥bes. the FrientL% atti¥tues support the Abws ministy and therefore provlde publi¢ benefft accessible to all. Plans for Future Periods The trustees intend to ¢orttinue their pres•rt pdiaesand in the period5 ahead.
The Friends of Dorchester Abbey Trustee< Report for the year ended 315t March 2023 {continued) Responsibilities of the Trustees chariws trustees a responsible for weparingthe trtee< Annual Report and the financial statements In accordan with the applicable law and re8ulation> The law applicable to charities in Eland and Wales requiTrs the trustees to prepare financial statements for each financtal year. Underthe law the trustees have derted to Ppare the financial ststements in accordance wtth Financial RrtIng &andard 102 Tr Finan¢ial Reporting Standard applicable in the UK and Repuwic o Ireland IFRS 1021 and the Charities SORP 2015 ISORP 20151. The trustees not approve the finanaal statemerts unle55 they are satisfied th they are a true and fairvièw of the state of affairs ofthe charity and the income and expenditure of the charrtyforthat I10d. In preparing these financial statements the trtee5 ae required to: select suitable accounting poli(ie5 axl then apptythem c4)nslstently, obsente the methods and prin(4ples of the Charrtie5 g>RP 2015: state whether applicable a¢¢<wnting standards have been foll(Ved. subject to anv material PartureS <fisdosed and explainÈd in the financial ststements: prepare the financial 5tatrments on the going concern basis Unl it is inrypr¢priate to presume that the chariiy will continue in operation. The trustees are responsible for keepi adeque eounting records that are sufficient to show and explain the charttrfs transactions and di5d(tse with reasonable accuracy at any time the financial position of the drity and enable them to ensure that the finanaal statèmènts tomply with the Charities Act 201L They are also responsible for safeguarding the assets of the tharity and hen for taking reasonable step5 forthe wevention and detection of fraud and other Irre8ularitle Approved and authorised for is$ bythè board of teeS and Sibmed on its beh4f by. D*e: 31" May 2023 Richard Dick Chaiman Page 4
P4 OJ e4 e4 0 O 0•?¥) 00000
0) i O ¢N ro ¢J IJ O Z
The Friends of Dorchester Abbey Notes to the accounts for the year to 31" March 2023 L Accounttrvx pofKies Basis of weparation rlffiTrancial statemènts ThefftrtarKial stater1ts he been wep3redtoei¥ta'tn and fair'viev and lTra¥e departed from the Charities IAccow]ts Rep(#ts) ReEulati0ft4 21x18 onlytothe extent required to Wty4ide a'true andfai view. This tyrtwe kn in%ed follwir¥the owit1 g)RP {FRS 1021 wblished on 16Jdy 2014. The financial statements been wepared WKlerthe historiLal ct£t c£•wertion with itÈms retwtsèd at cost ortransartion Ttalue unless other¥Ase stated in the relevant tothesè acowrrt5. Thè financial 5tatemerts have Lwi prepared acc(Ydano with the Strtemr of Rrned pl£e.. Accounting and Reporting tytharitiesptepariryg their accwnts in accordan withthe nar131 RepOrtIstandard applÈcable iftthe UK and Retybli¢ of Irdaxl IFRS 102) issued on 16J¢dy2014 at Finala1 Rwrti Standard applitable in the United arnl Republic of IrelaNI (FPS 102} aml UritiesA ZOIL FuThJ A£counting objectives of thedrIty. Restricted funds are subiectto restricti(1 ther expeThlitwe tified tythe thrthe tem7s of und raising iThtiati tharity- 6¢4 coKern The charitybÈnÈfft5 frorn a regthr inccne 1rn91n£1IrM7 its tn¥e51 and sd>scriptions and is wem. plated to Its èxpÈnd(twe. Th¢trtets ac¢orthtrth believe that the dwity is a goingcontrrn for at Income All incon is re¢o8Thsed intt StateD of firHn¢ial arti¥rties1SOFA) then the diity ig entltled to the in¢ome and amount can be quantified with reasthlAe auyJrdry.Thefollty•iUffiC pofides a applied tospeufic categoriesot incl. al Vdwrtary irKome lrywayof donatE0n5fts and Su11110ns is1ndled in thAI tl Any resources from ta¥ da1 are itrKl¢Kd InYSOFA the sry time asthe ftSt0 Trtthith they relate. dl The ofany Aunteer helpi5 nrt1Thj irttheac(Yjlts.
The Friends of Dorchester Abbey Notes to the accounts for the year to 31" Marth 2023 (continued) Lesa¢y incme Leeatiesare irtluded inThe Ststementoffinanr5alALknwheD rdlsOba1e, thJs whentherehas been ExperKlitre Experfiture isrecognised tsreisa le¥aT ry rry&JUthveatl0ntotr&n ecc(Kl£ benefittoa third party. It Is probalje thata transferOfe(wl( be11 berwmred ffi seWemwtandtheamoyAtof the obgai0 (an be measured rdiav. ExperH5tureisdas%fied byatt1. EAp•idibxe indwJesanyVATwlath(ank)otbefidlyrecovwed and is rep¢)rted a5WtoFtheexpenthknttOThithit rdatek the tharityand £o51slinked tothe5trate81cmwarOlthÈdrity. Kixed assetlrhwmemsare ledalwrkt1WaleaItheIlaE sheettht& ReatiOtaInSIo$ses8re 2. ID(omefrom grantsar donations Grantsand donIrate l0thep 10gwtytthewarkotthEFriend5aThl Indudea le8acyln the yearof£20AW12Q £WXKI 3. SubscripbL5 ornprixni5i BeauforeStJty W5513)21. £&7851 EventsaAd yles otKryxl £2037412022: £33X8lsspenton Thpr0¥w•rtsandrnairtnte oltrAbWsfatliliesthÈtrthmdsand gardÈtts and ¢deSE469 IZ022:£4221 s1 Thare reteyrd tointheTntstee< R*tpage 3.
£ 4 r4 ¢4 fn m04 vffl
The Friends of Dorchester Abbey Independent Examinerf5 Report to the trustees of The Friends of Dorchester Abbey ('the tharirf) I rerttothe dwitytnEtee5 my eXr10ft ofthe xcountsolthÈ dwityfor thestwr ended 31 March 2023. This reportis made soldytothe dw¥Ws trnSte a5 a Ixxly. ift xccrdaTh with Part4oftl (harilie5 (Accnts and Reportsl Regd8tIth 200& Mywork ha5 been ukeTh $0 that I mieht stattto the Iharity's trustees those ntatters l am reqred to state totr in an Indewdènt examinerfs and for b)0 Other purFKGe. Tothe fulltstextent rntted IyT law. f do not ac£eO or assume respon5ÈbItyto anyone esponslbilities and b•isof reprrt As thetnthothe dM¥¥ty)Th are respN•ble fcrthe prepathon ofthe aC£Our InaC£LYdan with t reqwrennrs ofthe (hariliesAtt 2011 I2011A¢}. I report in rtspt of myexamination ofthe charl5 accnts carried out uThler sectiffi 145 of the 2011 Art and iti carryingout myexamination I ha¥efollod au thew4£t3ble DIred1D given Charlty Commission under se£lion 14515Jlb) of the 2011 ACL Indennt exarniner'ss13temert I h3we mrnpleted my examiMtiM. I can CLrM thatm rnJiteTs come to Myattenti intonnedion wlth examination givi1¥ me cau%e to Iethat ary MatlaY peC - xcourrtlF records were nrtkept in respertofthe dwritya5 required se1 130 of the 2011Act: or the a(unts do Th)t complywith the a&ylicaile requiremerts COnMirthe1CYM and content of ounts set out Charities (Accounts and Rets) RlatI$ 2(XQ otherthan any Tewirement amination. attention be drawn inthis rewrt in orderto er4able a w4)er undÈtstanthr< of the accounts to be rea Dated: 31"May2023 Robert Oakes David Mitchell Attotmtancy Ltd 4The Pound Cho15ey Wallinglord OXIO 9NS