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. D0rd￿ster 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￿£f￿p01IedThÈBe￿rf0wSo£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 e￿nts ar¥1 visits to place5 of hi5t(>rical interesL Structure, Governan￿ and Management Trustees Trustees: The RL Re¥d Gavin CoKiÉLSIB￿l￿1Pof Dorthesterl Ex-OffiaoTntstees Miss Gail Th(xna5 Ri(h¥d Dith (Chinnanl MrJohnTa¥kn ￿￿e4￿al￿nan} 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 D￿ld 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 ¢CArtin￿l 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 subst*l 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 SUp￿rL. irnleed. we thank all the trustees and officer5 fortheir Work ryerthe As previously ¥epc*tsd, thè PCC is pvogresgng a longtemi proposal fty w(M* on the West End Gallery in the Abbey. The tr￿￿eS 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* tr￿te9 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 End￿lmient Fund IK)lthng £5.009. The remaining funds of £353,387 are in an Uftrestricted G￿er￿ Fthi(L Unfortunately. Treit￿rthe •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 Pr￿lo￿tY aÈrÈed to Iwld É50.(A)O as a Emergew Fabric F￿nd. Thè remaining funds are as detailed abo￿. Going Concern The charity benefits from a regulaT inojme induthnE from In*Strt￿Thts and subscrfptions and having a strong £aWal base Is well.placed to cover its ex￿￿tEure. trustees accordin8ly believe that the tharity is a going Con￿rn 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 Dord*stsr 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 tr￿tee< Annual Report and the financial statements In accordan￿ with the applicable law and re8ulation> The law applicable to charities in E￿land and Wales requiTrs the trustees to prepare financial statements for each financtal year. Underthe law the trustees have derted to P￿pare the financial ststements in accordance wtth Financial R￿￿rtIng &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 I￿10d. In preparing these financial statements the tr￿tee5 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¢¢scriptions and is wem. plated to Its èxpÈnd(twe. Th¢tr￿tets ac¢orthtrth believe that the dwity is a goingcontrrn for at Income All incon* is re¢o8Thsed intt* StateD￿ of firHn¢ial arti¥rties1SOFA) t*hen the d*iity ig entltled to the in¢ome and amount can be quantified with reasth*lAe auyJrdry.Thefollty•i￿￿UffiC pofides a applied tospeufic categoriesot incl￿. al Vdwrtary irKome lrywayof ￿ donatE0n5￿fts and Su1￿11￿10ns is1nd￿led in thAI tl Any resources from ta¥ da1￿￿ are itrKl¢K*d InY*SOFA *the sry time asthe ￿ftSt0 Trtthith they relate. dl The ofany ￿Aunteer helpi5 nrt1Thj￿ irttheac(Yj￿lts. The Friends of Dorchester Abbey Notes to the accounts for the year to 31" Marth 2023 (continued) Lesa¢y incme Leeatiesare irtluded inThe Ststementoffinanr5alALknwheD r￿d￿ls￿Oba1￿e, th*Js whentherehas been ExperKlitre Experfiture isrecognised tsreisa le¥aT ry rry&JUthvea￿￿tl0ntotr&n￿ ecc(K￿l£ benefittoa third party. It Is probalje thata transferOfe(w￿l( be￿*11 berwmred ffi seWemwtandtheamoyAtof the ob￿gai0￿ (an be measured rdia￿v. ExperH5tureisdas%fied byatt1￿￿. EAp•idibxe indwJesanyVATwlath(ank)otbefidlyrecovwed and is rep¢)rted a5WtoFtheexpenthknttOT*hithit rdatek the tharityand £o51slinked tothe5trate81cmwar￿OlthÈd￿rity. Kixed assetlrhwmemsare ￿ledal￿wrkt1Wal￿eaItheI￿la￿E sheettht& Re￿a￿tiO￿taInS￿Io$ses8re 2. ID(omefrom grantsar￿ donations Grantsand don￿I￿￿r￿ate l0thep￿￿ 10gwtytthewarkotthEFriend5aThl Indudea le8acyln the yearof£20AW12Q￿ £WXKI 3. SubscripbL*5 ornprixni5i BeauforeSt￿Jty W5513)21. £&7851 EventsaAd yles otKryxl £2037412022: £33X8l*sspenton Thpr0¥w•rtsandrnairt￿nte oltrAbWsfatliliesthÈtrthmdsand gardÈtts and ¢￿￿deSE469 IZ022:£4221 s￿1 Th*are reteyrd tointheTntstee< R*￿t￿page 3. £ *4 r4 ¢4 fn m0*4 vffl The Friends of Dorchester Abbey Independent Examinerf5 Report to the trustees of The Friends of Dorchester Abbey ('the tharirf) I re￿rttothe dwitytnEtee5 ￿ my eX￿r￿10ft ofthe xcountsolthÈ dwityfor thestwr ended 31 March 2023. This reportis made soldytothe dw¥Ws trnSte￿ a5 a Ixxly. ift xccrdaTh￿ with Part4oftl* (harilie5 (Acc￿nts and Reportsl Regd8tIth￿ 200& Mywork ha5 been u￿￿keTh $0 that I mieht stattto the Iharity's trustees those ntatters l am req￿red to state totr￿ in an Indewdènt examinerfs and for b)0 Other purFKGe. Tothe fulltstextent ￿rn￿tted Iy*T law. f do not ac£eO or assume respon5ÈbI￿tyto anyone esponslbilities and b•isof reprrt As thetntho*the dM¥¥ty)Th are respN￿•ble fcrthe prepathon ofthe aC£Our￿ InaC£LYdan￿ with t reqwren￿nrs ofthe (hariliesAtt 2011 I￿￿2011A¢*}. I report in rtsp￿t of myexamination ofthe charl￿5 acc￿nts carried out uThler sectiffi 145 of the 2011 Art and iti carryingout myexamination I ha¥efollo*d au thew4£t3ble DIred1D￿ given Charlty Commission under se£lion 14515Jlb) of the 2011 ACL Inde￿n￿nt exarniner'ss13temert I h3we mrnpleted my examiMtiM. I can CL￿rM thatm rnJiteTs come to Myattenti￿ intonnedion wlth examination givi1¥ me cau%e to I￿e￿￿that ary Mat￿laY ￿peC - xcourrtlF￿ records were nrtkept in respertofthe dwritya5 required se￿1￿ 130 of the 2011Act: or the a(￿unts do Th)t complywith the a&ylicaile requiremerts COn￿Mir*the1CYM and content of ounts set out Charities (Accounts and Re￿￿ts) R￿latI￿$ 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