Frfend8 of Carllsle Cathedral Annual R•port and Fln4n¢lal Stat•m•nts 31 December 2020 dOdd&co
Fri•nds of C•rlish Cath•dral Refwen¢e and thirrislr8tr4• Details TNstees' rewr TNstees' responsitrflths Statemert olfmaThial athilR5 8#18n $he¢t 10 Notes lo the fThn(yal sk*emerbts
Friends of Carlisle Cathedral
Reference and Administrative Details
| Charity name | Friends of Carlisle Cathedral | |
|---|---|---|
| Charity registration number | 1023693 | |
| Principal office | 7 The Abbey | |
| CARLISLE | ||
| CA3 8TZ | ||
| Registered office | 7 The Abbey | |
| CARLISLE | ||
| CA3 8TZ | ||
| Trustees | M C Boyling, Chairman | |
| D B Armstrong | ||
| R D Platt, Hon Treasurer | ||
| K Gordon | ||
| N Rank | ||
| M Pearson | ||
| M Reeves, Hon Secretary | ||
| W D Paterson | ||
| P Tiplady | (Deceased 17 June 2020) | |
| R K Mann | ||
| J Kearton | (Retired 5 December 2020) | |
| J Westoll | ||
| K Higgins | ||
| E Freeman | ||
| D Stobart | ||
| J Churchill | ||
| Bankers | HSBC Plc | |
| 29 English Street | ||
| CARLISLE | ||
| CA3 8JT | ||
| Accountant | Dodd & Co Limited | |
| FIFTEEN Rosehill | ||
| Montgomery Way | ||
| Rosehill Estate | ||
| CARLISLE | ||
| CA1 2RW |
Page 1
Frf•nds of Carli•h C•th•drnl TnrJtee¥' Report for the Y••r End•d 31 Docombor 2020 The finana statements h8¥e been prepared in wryih the a(xounting politaes set out in the note$ to the ac¢ounts and compty the dliS governing d¢x¥ment. the Chwthes Act 2011 and Accounting a1 Rèportmg by Ch•rities: Statsment of Recommended Practi¢¢ applicable d)anlitrs wwring thtrir acrounts in ac¢ordarK• the Frnana Repwlrng Stvlthrd appl in th• UK •r#J R•pui4¢oflrelarKI. STRUCTURE. GOVERIIANCE AND IAANAGEAIENT Go74•ming document The ¢hanty is con¢Toll¢d by its gOnty • deed oftrusl and Unti8$ an un1ntrytmx¥ ¢haiity. Oryanl•atlonal Slyur¥ Th& thanty was •stsblishÉd in 1934 and Is wv•med by its Trust Deed. Th8 Truslees acled during the year are shovm above. TNstees are appc¥nted by the bowd of the Tn1808 ft>r an inib'aj period of three years. PAeetings usuth tske place four year. Rl¥k A•8e•sme Th8 Trustees reVid the risks facing thè chanty, lAdling the inpact of the pand•mi¢, and ar• satisfi•d that ther• is no snan1 risk at w•sert. The Trtte$ il c4jnle lo monitorthi5 area. OWECTIVES AI40 ACTMTIES ObJb¥ nd •lm¥ The obiectr¥&s are sth in sts goveming dment and are as f¢kn.. To further suth ref$ and other charrtable of Cark51tr Cath•th as Trust. th consultation The Chapter of Cadith Cathedral, sh8H deem apwopifjat¢. 181 To cwerat¢ 7Afjth The Chapt•r in bèauknts'rvj and maintawmng the falc, fittings. omaments. books. (b) manuscripts, and ¥e31ments of and in Cadi51e CathÈdr81. thtr Frnty 8fKI othèr Chapter buddryg and grounds vKthin the Cathedrnl Ckjse of Cadisle Catwral in the Diocese of CaTlisbe. (¢1 To assist Th¢ Ch•pter in th• m•intenm ofthe music and Ser1 ofthe Cath•dfaf. To assist in the ger81 mwntenance of the Calhedr818nd other Chaptsr b)uses. burldwNs, and grwndsvitlMn the Cath8dral Ch)se. (dl In detemitni19 th•w otytctrAs. the Tfttst••s P regard to Chwity ConwniJsion guidan on put4ic benefrt. FINANCIAL REVIEW The Truste0$ also aim to enwre the Trusl mainlawis sufficaenl reswv$ to meet it8 dges to t Cathedral. At the •nd, th• charity had unrnsti¥d resenS of£417.356 fm rest9 of£39.450. O¥rnll Income Total income durirwj 2020 amoLmt•d to £28,582 compared with £32,662 n 2019 85 detaled in the Notes to th8 Accounts. Welcome lega(aes were receNed of £1.00012019 £SOO). Grnnts to th• Cathedrnl The Tnjsl ¥warded 9rants to th• Caltdrnl dwing 2ff20 of £44.432 (2019.. £20,440}. Thi5 VAS mad• up of musie 9r•nts of £12.$00 (2019.. £14.SLN)1. fratry grants of £25.LW (2019: En1 arnj fabric grnnts of £6.932 12019: £5,940). Admlnlstr4tlon Co•ts Oth¢r expenditure inCkS th8 cost ofprothw th¢ Annual R8*iew of£nil (2019.. £380). Page 2
Friwth of Carfisle Cathedrnl TnMt•u' R•port for th• Year End•d 31 D•c•mb•r 2020 On 31 December 2020. the TheslmBnt p1) ¥rns at £564,676 Q019: £fK13,646} and cash reserves slooj * £60,043 (2019.. £65.0501. AlhoU share5 have proved lo be a goryj kng.lern irlveslment. we recogni8e the need kn a knible Thslment strategy. Wrth the of our financyal advisors who operate on dls(¥elary ba8iS. aim to wotecl the value of the caM81 by reSpdIng appyowiatety lo changing conditions. Potst Balafi Sl•t Ev•nts FUTURE PLANS The TN8t 1$ CorT¥nilted to making a C(1n1jli0n W21 t(ywards Cthrnl Muw¢ of£12.500. IMPACT OF cov115 Though the p8ndemi¢ opp•ar•d to trwjgtr a lall in the valualion of our ptfol o¥•r the year, the resilience ¥*thh we hwe tried lo into w drrtrne hoidinos see to have h•b¥d festore durin9 the fol1ving quarter. Approved by the Trustees on 13 May 2021 swed on their behalf by. D 8 ArmstTon9 Twslee Page 3
Frf•nds ot Cafli¥l• Cath•drnl Trte•s. Re8poMlbilltl•• In rnlatlon to th• Finanelal Statements The trustee$ ar• rewnwble for preparing the Trustees. Rep¢t •nd Ihe ffirwwl ststwnents in acrordance with 8pplable law and United Kngdom Accwnting Stsndards. The law applicable lo carTtses in England and W¥l•s requwts the tteeS to Pfepare financaal statements for eath finanrial year which give a f1 wew of Ihe stste of affairs of the tharity and of the incoming Iruslees are required to.. obserye the metho¢ts pripIeS in Chwitse SORP.. disclosed and gxplw"rd in the state., pare the fin8nci¥l stateffnts on th• goin9 concem basis lesS il i¥ inwrowiate to preswie that the charity 4wll c4Mtinue Thi b(Js¢ness. Tho tNs¢ees org respongbb for kn0 wper reciyth that vAth fgas¢¥wW a¢an¢y at any lime Ihe financial posilion ol th• th•nty and •n•ble them to ensure that the finanL?al Stat•mt5 CoMY wilh the Charitses Acl 2011, th6 Charity (Aeeounts and RÈportsl Regulalions and the Fwovtsions of Ihè trust tr. They are responsible for safeguaftling the assets of the thaiity and he for tsknng rea¥Jnable steps the pe4
Ind•p•nd•nt Audltor4' Report to th• Tru•t••s Frlends of C•rliil• Cathodrnl Opl We audit•d the finanaal Statern cl Friends of Cathbe Cathedral for the year •ndd 31 D•cwnber 20. set out on pages 9 to 19 c{pri the Ststement of Finan{X Adivibe¥, the thnee and the related notes. The financaal reporling framvfiDTk that has been appled in their prepwaiion is lthy 8nd United n9dwn AcLounting Standards. indu(bng Finanaal Rewting Slandard 102 (FRS 102} The win(la1 Standard 8pF4¢able the UK WKI ReputlK of Ir¥knd {UThted Kingdom Gtnernlty A¢¢ounling Practthl. In our opirmon the financial statements: gi a Irue and fwr view of th slate of the dwiV$ •ff8irs as •131 2020 aNI of its COming resour¢es •nd appl¢alb)n ofrns¢xrce8, ftKthe yts then tnd•d.. applicable to smaller •nth05.' and B•sl$ f¢r oplnl We our drt in accor V•ilh Inlem¥tiono1 Stsnd¥ds on (UK) {ISAs (UK)) and applieoblo law. Our r•spMsibilli•$ und•r thos• standards thJrther dèscthd in Audllorfs rnsponsI1rfl8S lor th? audit ofthe finarwl stst•m¢nts a•Lthon of our report. We •r¢ indyndtnt ofth• Chwity hi COrdaIe ryth the ¥thul requirements that a leV1 lo our audit of the ffinw¥l $t8t¢m¢nts in the UK. Iuding Ihe FRC'S Ethical Standard and w¢ hav¢ tyjr other ethiol r¢spon$ibditigs in accoftlance tAryth these rewirements. We beh"¥v• that the au¢Jt evidence have obtned is suffici1 and appropnth to • b89$ for cwr opinion. Concl1¢nI r•latlng to golng Mn¢•rn In •udiling the fThncial statements. we have CCthded that the tnjstees use of the wng concem basis of 8CC4Unting in the Fw)Wati ofthe frnK4al statements15 approwate. conditions th8t. IndNithlY oreokctivaèy. may ¢05t $b3nikant doubt on charitys a"ty to continue as a goin9 ¢mm for 8 poriod of at least months from 7hthen the 0ri9inal ffinanci Statements were 8uthorised for Issue. Our r•sponsit)iblies and the rtsK)nsl)iknes of the Intstee$ TAith reyc to goiry ¢crt•m ¥e dwribed in the r¢ievarrt secons of repxL The other infcffi?ali¢)n cornpri the irformation incJded in the annuat repart. irK4udiThJ the trustees, report, other than the ffinancial $tatemerts ¥rbJ our auditorfs report thereon. The trustees we resp&ble for th? other infom)ation ry)ntained within th• annual repryt. Our opinM on the ffiancaal stattmorts doo$ Mt ¢ov•r the other infrntion and, trpt lo the ex1•nt othee stated in re5rt we do not ewress wy fomi of a$$LryKe Ihereon. Our 18 to read the other Informati and. in doing so. consider the tsther inforMlon is m8letslty ConSISteI with the fmancaal stalements or our ot>lained in the cowse of the audit, or otherwse appears to be materialy mrdstaied. If tht identify suc malerFal inconsistencge5 or apparent material mtsststements, we are requThJ to etnin l)eth•r thi8 gives rise to a material mi5ststement in the fin8naal $tatemenl¥ themsew. If. based on the have performed. w2 c(Ythe that there is a material misst8temenlofthis other Infoal)n. we are required to report that faL*. We have nothty to rep1 in this reg8nl. Page 5
Indwnd•nt Auditorn. R•port to th• Trust••¥ of Friend• ol Cartlsl• Cath•drnl In the fight of the kntr and undwstaThJty of fhg chaiity aTrJ its Wmrfmment thingd li the of the We have nothing to rewt in respect of the f01h)9 mattefs the Chwibes IA0>1 aThJ Reports) Regulations 2()8 requires u$ to report to you rf. in our opinion." Ihe information given in the FinwKa81 slateMe is inrayenI in •rry matefial respec ith the Tvustees. R9Wt'. ty sufficionl xcounting records have been kw" tx the FinoTh¥1 Statements are n¢t In agreemontwith the occounlir4J rec(xds and retum$; or Our obie(ves are to obtain reasonable 89SUf8nct ab1 the firnCl41 stAtements as 8 lAtho free from material misslalement. vthether due to fraud or error. aNJ to issue an auditorfs report that Indd our opinic. Reasonable assLrni¢e is a high knl of assuran. but is Mt a 9uaianlee that 8n audit ¢onducted in accordare ¥Mth ISAS (UIQ iN aP4Mys dète(1 a Matla1 misstalement ¥th•n rt exists. Kth'$$taléments on arise from fraud or error and a considered mateiial rf. indNbJuaty or in aggregate. they could rèasonabty èxpected lo influence the econ0micdec4slc¥ ol users laken basis of Ihese fin(481 ststermrts. A fijrther descriptt.on of Ouf r•sponsibdths lor tht •Jtht of the finarKial statements is k)cated on the FIne11 Reporting Counafs website at: w#.frc.ory.uklaudrtorsreponsitslibes. This descrip forms part of our ouditors rewt. As explained more fvlty in the Truslees. Responsilmlities Statement set txrt on pago 4, Ihe tnJste•s ar• responsible for the preparation of the fmanoal st**m¢nts we a true and fwr view, and for such irtlem81 control as the Irustees determine is necessary to enable the preparth of FirCl Ststernenls that 8r¢ free from material misstalwftwtt.vthether ¢Jue to fraud or errnr. In preparing the nal81 stat•ments. the trustées are rtsp)nsiblefor assessing the charitys abiltty to continue as a going concem, disclosing, as apF4¢caJle. matters related to g(¥ng oJKem and usirwJ the g(wng nCern basis of accounting unless the Injstees either intend to liquidate the dritY or lo cease operation5, or have no realistic aliemalive but to do $0.
knd•wnd•nt Audhorn. Report to th• TnMt••• al Fri•Dd$ of Car¥•l• Cth•drnl A•Jdlt¢>rf• f•w1b11lIl•s for th• audlt olth• fln•ncl•l •t•t•m We he been ¥pp)int•d 8$ 8jit wJpr sediw 144 of th• Ch•ilies 2011 and in ¥curdarth wilh re9u191ions made se(on 154 of Ihal Act relevant regthKm made or hawffjg effpct thereLmdèr. Our obj•¢tiv•s ar• to olA8in r•8s¢>fia14• assuTrnc• •twl TJth•ther the ffinants stat•rnlts a$ a artr fr• from material mis$18tement, V&th•th•r due to fraud or error. and to issu• an aulthtorfs r•port that incbJd¥s ¢4 opinTh). Rea8on)le aswrm k% a h¥h ve1 of a38urnnce. Ixrt 1$ rlot a guwant•& Ih•t an audit eonduded in mtateortts ¢an aiist frt>m fraud or •rr(Y aThJ are tJ)nsJèrnd Materi rf, irJividuaHy or in the aggregate, uld reasonabty be expected lo the e(y)n(xnK decisions of usws taken on tho basis of these financaal $tst?m•nts. We identify •ftd 889 the roks of mAleri•l rn1s¥tsterftI of fin#ncAal stat•m•nts, th•ther to ud or error, then dewgn and perfonn 0j11 procedures responsiva to I1 risks. iThSuding cthiriTr3 audit evidence thot 1$ suffi(xent and apprwate to proyide a baws ts our opinion. In JenffjrytvJ asse$ng ri crt r¢teri mi101ynI in respect of irregulwies. inchjdiry fraud ond nOrIVI1anC¢ with laws Ind wLqlb)ns, o)ndefed th¢ folkyAn9". results of our enqwries of managThnt aLwt th¢ii KknbfKabon and Assessment of th• risks Of any rnattèrs Vo idwbfied having olrt•ined and the charitrfs doTfient of their polKw •r¥J PrdUleS relating to.. . idonlifying. evahJalirwJ aTrJ cnP"n9 reguattK8 arKI tlw wy irlance8 of bwmpli#nce'. . d•tecng and Q8FMd¥YJ to li8ks of fraud aThJ TAth wy of any act1, su$peded or aleged fraud; - Ihe internal controls estsblished t(> rngate risks of fraud w nOrnpl¥nC¥?Ihl0Ws arwj wulation$.' the matters discussed Ihe audit leam regar&"ng armj Tthwe frnud might t>XW in thg finan(xal Statements arml any p)tenti81 indicth5 of fraud. 4 resutt of these wocedures, cl8jered the opportuniies irK¢nli th•1 may wsl the org8nisalion ft¥ fraud •r¥J idenlified thè greatest Wenti¥l tr fr4j to b¢ in to man89èmènt override ¥thi¢h, In common wilh al audits tr ISAS IUIQ. are reqUId to spthik proctr¢S to respond lo this risk. We •lso Obtaed undwthndry of the kngal and regulatory frame that thity tsperntes in, fwsing on provisions of those la and regulat3 that had a direct effect the detenirliOn of material amounts and disdoJTes in the finanual ststements. The key and regukbon8 considered in thi8 contex1 Ind[ed the Charithes Ac 2011. A8 a resuh of performing the above, in resportse to the risks KJentI. did rvJt identify any key wjit mattels reLqted to the potentwl risk offraud ty IoMplianCeh lats and r&98t1$. In add, lo the thve. our procthw to reSpj to risks identified the f0knI19". T19 the fina11 stateffnts disclosures and fesb'ry to St4)porting (knmentlon to assess ¢orT¥)&ance with pmNisiM$ of rel laws and reglOn5 de8(¥ibed 4$ hivwJ 8 direct on the financ4al $tst•nnts', enquirmg ofthe trustees Conc actual and Wential hts'gat daims., pwformww an1¢81 prc¢edures to identify any unusual ry unew Telationships that may indale iisks of material misststement due lo fraud." reading minules of meetings of t>s chafg8d 7Aith govemance", and in ar1dren9 the risk of fraud through management override of ctrO. testing the appropriateness of ioumal •nln"es and other adjustments," assessry 7Athethgr judg8Th mad¢ in making •¢>unling ostimales
re indicalive of potential bias," and evaluab.ng lh• ralional• of a)y significant transaclions that arè unu¥ual c
outside the normal ¢¥w8e ofthe rknitys ¥th. P•ge 7
Fii•nth of Carlls1• Cath•dral W& also ¢ommunicaled rtrknanl Klentified l•¥s and r¢gulation$ and polential fraud iisk lo al ¢ng¥gemenl leom members And MaIned alert to any rndutrMs ¢1 frwd or rmcomphaneè vAlh I¥S and r•gulthns throughout the aJIL Use of our r•port This report is made solety to th¢ choiitls tntstoos. 8$ • ty, in OC¢ayd•nce wrth Thè Chaibtig$ A¢1 2011. Our audit th ha$ be undrtak•n $0 that might stste lo the tru$tes tho$t mattws are required to State to them in èn audrtrfs rtport and for nts othèr purpw. To thè fuuttl èxt¢nl Fimffted by Igw. we do not H¢pt or assume responsibijty to anyone other than th¢ chaFiVs Irust••s as a bcxty. IN audit woth. for this rewt. or forth¢ opiniM$ forTn¥d. FIFTEEN Rosehilb Montgomery Way Rosehill Estate CARLISLE CA12RW Dodd & Co knmrted 13 May 2021 Dodd & Co mited 15 elw'ble to acl a5 au¢tor n lerms of serA)n 1212 of Ihe Comparie5 Ad 20C Pa9e 8
Frknd$ of Carllslg Calwrnl Statement ol Fknanclal l£tlvlll88 for the Yogr End•d 31 Dec•mber 2020 Htrl•d Tol•l Tolal Fund¥ Fundj 2019 Donalkns aTh118g5 6,774 25.373 515 Charitab acaMtN8s Total Ie 27.582 32,662 Charitablè aCtt 48.176 48,176 48.176 48,176 24.8(kS 24,805 Totsl eXpelitU Gainsllk)ss•sl on Investment assets 114.2251 {17.W} 1312331 71.121 Net irKyJTrWleypenthtwel 134.8191 150,827> 78,978 Tiansfer$ b8wn luThls 140 1140} Nat movenwrt ) furttls 134.6791 117,1481 I1.827) 78,978 Rxonelllatlon ol lundg Total furKls broughl foNMrd lurth Cal¥j lonyar 213.316 196.198 e&5,381 614,$54 586.403 665.381 417,356 Thè Nrtes on pages 11 to 19 lum an In1egr Frt ol these slatemarts.
Friw¥ of Carlhsh Cath•dr•l Balance Shert as at 31 D•c•mber 2020 2020 2019 Flx•d In¥eslm¢nts 10 564.676 603.646 Current a•8•ts Debtors Cash at bar and in h•nd 11 60,043 65.OXI 65.912 Crerfrtorn". Amount• falling du• wlthin on• yur 12 (11.02n 14,177) N•t¢un•nt •¥•ots 49.878 61,735 614.554 665.381 Th• lund• ofth• charlty: End¢)nent fvndl 1£6.198 213.346 R•StrIct funds Unrnstrlet•d lunth Unrestricted income fvnds 417.356 452,035 Tot1 ¢hartty funds The finaniial statements have been prep8od Wi )thnee *ith the Finanoal ReiyNts"ng StaThJard applicab in the UK and R$pull ol Irel8nd (FRS 11r2). 614,554 865,381 Approved by Board 13 M#y2021 and signed M its behafty. M C BoyliThJ Trustse D 8 Am)strong Tfttstee The notes on pages 11 to 19 fom) an Krt•9rn1 part of these fanCIal statements. Page 10
Frffrnds of Carfis10 Cathodrnl Not•s to th• Flnanclal Statem•nts for th• Y•ar End•d 31 De¢•mb•r 2020 A¢¢ourting poll¢l•• st•t•m•nt of c¢)mpllan The accounts lffinKial s&eMents) have been prepared under the histortcal cost convwtion items Iognised at cost or transa¢on value lS5 otheA¥isé statad in the relevant nottrl$l to thesa accojnts. Th¥ fThnaal statement$ h8¥• begn prepared in xc(thce th• s•¢¢nd ediliorh of the Chariti8s Stattmerrt of RecLNnmend¢d Pr&e is34 in Odcthr 2019. the Finar1 Ropoiting Standard 8pp&eable In the United Kingd #nd of IrelaTrJ (FRS 11) 8TrJ th¢ Ch•riti98 Ad 2011. Th• accounts lfinanci•l stsl•m•ntsl have l)een prepare(I to gve • ts and eW and have departed from the Charibes (AecfjLhits and Report$) Regulthons 2[ onty to exlent reqtmod to provth A 'tnJe and faw This departufe has inbYJW lolhM"n9 Ac£ounb"n9 8nd ReporlirvJ by Ch8rili¢$ weporing their accounts in acCOrdar with the FindjaI RplIng Standard applicable the UK and Republic of Ireland {FRS 1ff21 ralher than th• ACcting ar Rèporf]"ng by Chariti...stat•rn•nl of RornMd8d Praclice B••i• of pTrp•rntioTh The (wity m¢•ts the definlion of a benefft entity under FRS 102. Assets and liabilitses are inilialty reg>Jni¥ed at hi$l¢xcal or tran54CtKn value unles5 0th?rise stated in Ihg an{ accounting policy R••tatem•nt of C¢Mrat1 The 2019 ¢omp8rthe figwes h8ve been Stated. The cash balances Trthin irNOslments have been 3hv•m against rArrent assets. rather than in¥estment8. There are no cwge$ to tot on the balance sheet and rK> thanges lo any fiyuTes tsn the Slatement of FinancRI Acwts. Golng ¢oncem Fund a¢countln9 poIIcy Unrestricted inc4Jm• funds we gerrnI that ar• a¥able use at thè trust••s' iscrelion in fijrthernnce ofthe i¢lNes ofthe charity. Restrided fiJn¢J$ are those donated for UBe w) a pavbpjr wea or for wrp)Bes. the use of fiich is restrictedto that or Furthgr detsils of eath finj ¥fe dis¢k)wJ in nots 14. In¢om• and •nd¢)wm•nts Le9p¢ig5 ar rwnised th is entille. wlaitty of Pipt arwj the •nounl can be measured ith sufficnI r•lithlty. Income from charitablè actsvit irKgwJes incom• r•cognis•d as wn8d {a5 the r•bted goods or ore pfovwjgd) und•r conira(*. Pag¢11
Fri•nd• of Carlknle fAth•dTal Notes to the Flnancial statnts for th• Y•ar Endod 31 Do¢•mb•r 2020 Exp•ndliw• Liabilibe$ are reg)BThsed as soon a8 thwe is a le9 ( C¢X1c1ie cdylityi commilbn9 the charity lo the th8t aggregate au ¢03t¥ rted lo the categDry. Charitable elpeIllUre 0)mprI Ihose cosls by Ihe dwity in the delr¥ry rf its activ¥$ and services for its benefiri8ries. h indth both costs that ran be alk)cated direclty to such and those ¢o$ts of an indire(I nalure nece55wylo 8upp(Yithem. Grants payable are payments mad• to third paities in the ILvthernnre of the drbtab obiecli¥8s. Wh Ihe tharty gives a granl condrtions fc its paynt berng a speufic Ve1 of service or output to b• provided, suth grants ore tyty tec<ynised in the SOFA once the reciwent of the grant has piovi¢Jed the Grants payable vffjthoth pwfwmance (ndrtions are onty rewised in the accounts wthen a commitmant h8$ been made there are no ciThli1KS to be met felaling to the wanl wtiith remain in Ihe cy)ntrob oflhe Provisions for grarts are made th• irrt•ntion to make a rn has been commtmicthl to thè retspt Ixrt there is unc4tsintyaiyJth either the tifflirvj ofthe grarrt or th8 aU1 ofgrant payth. Support ¢o•ts Support costs include Centr fiJncaion$ and have been alrKated lo adivity cost cate9ories on 8 bas1$ consistent the u5• of resows. for example, allocating Property costs by Iloor arna$, or pw capita, Cash and Ca¥h Equfv•l•nts Cash and cash equN8lents o)mpn"se c8sh hand arKI call de1, and other $hort.lern hi9hty liquid investments that are r9adty ¢4)tN¢itibito a kntrn anw)unt of Cash and ar• $LI)pdtO on insgnifK8ni risk of change in ¥alu•. Fixed asset inveslmerts affj inded at mket vak at fv bakn¢e shtet date. Realised gains and los w Investr 8r¢ as the thfferm botthwn sa8 prmds and th•ir marktrt Volue at th& stsrt of the 8T. their subsequent c¢$( we charged or uedited lo the statementoftht finanryaTraiwtres in the per1 ofdisposal. Unrealised gans and k)sses r•preswrt lh¥ rtwrn&nt in Maet ¥ahJ•s during year and are ry•dIt or thargd to the slalèment of finantsal •clivrtie5 based on ts mth•t Vall at the y•ar •nd. Donatlon• and l•gaei• Unrestricted R•trlct•O EndtyATh•nt Totsl Fund• Totsl Fund• Fund• Fund• 2020 2019 Oonallons and l•g•cl•s Legacies and bequests Subscriptions 5.093 6.093 6.274 6.774 Page 12
Fiiends of Carlilh Cathodral N¢)t•s to th• Financial Stat•m•nts forth• Year End•d 31 DK•mb•r 2020 All of the dona1mS and legleS irK>)me in 2019 related to WTestrI( In¥•gtm•nt Incam• Unrn8trici•d Rutricted Endowmert Tot1 Fdty Tot•1 Fund Funds Funds Fund• 2020 2019 lrternsl on ¢o$h deposrts 326 25,047 22.424 22.424 22,489 22,489 25,373 l of the in¥estmwrt income in 2019 relaled to unre5tsiced IuEKI$. ¢tab ¢tlvltl•• R••tri¢tod Endowm•nt Total Funds Total Fund Fund¥ Funds 2020 2019 Fund Fd•nth ofCarll•l• Cath•drnl Fundwswiy events 515 Al of the incorn• from ¢hwitsbl• acb¥ib•s in 2019 r•lated to unrestrictsj fs. ExP•ndIr0 Frf•nd ol C•rll$ Cathr•I Total 2020 Totsl 2019 Dlr•et eo•ts Grants payable. n5tituti 44,432 1.378 45.810 44.432 1,378 45,810 1,219 21,659 Support ¢o•ts Computer $othwe and m8inlenw¢¢ c*)sts Printing. Frf)stage and stathy Sundry oxponses Organised wtings Printers fe8s Aco)untancy fees The audil ofthe Chty$ annual accounts 116 118 852 380 1,434 1,434 1,386 3.146 48,176 48,176 24,805 Pagt13
Friends rf Carlish Cathedral Not•$ to th• Fin•n¢hl StaI•m for the Year End•d 31 D•¢•mb•r 2020 AJI of Ihe ¢)peThYiture in 2020 related to lunds. Grnnts to instiiutsons Grants p8yAbte. instituknth)s ofCw4sl¢ C¥thedral 44.432 G¢)bwn•nc• 2020 2019 A¢counlaw fees Audit fèe prtntefs lee8 380 1,786 2,034 Tru•l••s' T•mufi•rallon and •xp•r No trustees rwi¥¢d any remuw8ti ty ¢xp¢rw durirwJ the ye¥. Pay14
Fri•nds of Carfi•h Cath•drnl Not•s to tho Flnanclal Statements for the Y•ar End•d 31 D•c•mber 202 TtIon Th¢ rg9i8tswd thaiity is exompt frtyn ta¥•tsn on •yJ 90in5. 10 InvMtsn•nts h•ld a• 11x •M•l¥ Li•ted M•rk•t vah As at 1 January 2020 Revaknati Addilions Disposals As al 31 Drnber 2020 {31.233) 86,999 {94.736) 564.676 N•t book valu• As #t 310ecember 2020 As 9131 Oecember 2019 564.876 603,646 JI uw•skn•nt as8 h•ld #i the Ulc 2020 2019 12 Cr•dttorn: Amowts Wllng du• t*llNn ¢Yb• y••r 2020 2019 Other creditors 11,027 4,177 Pw15
Frlend• of Cartlsl• Cath•drnl Notes to the Financlal Stat•rn• for th• Year End•d 31 Doc•mb•r 2020 13 R•lat•d PArtI•• C(MthJlllng •fitsty The th81ity is tr(th by the trustees. R•lat•d tran•adion• During the year gfants were made to Chapter of Carfi51e Cathedral of £44.43212019. £20.440). 14 Ana18 of fvnd• r•¢ognls•d At31 galnsllO De¢•rnr 2020 J•nuary 2020 Incomlng Re•ourc re•ou•* General Fund4 Unrestricted income tund 452.015 27.$82 (48.1761 (14,225) 417,356 RMtrlct•d Fynd• Restricted funds P•m•n•rrt End¢)wm• KemWIJ"bLqe Beqyesl 213.346 (1410) (17,1K18) 1%.198 865.381 28,582 148,1761 (31233} 614.554 Gerfftal Funds - the general fvnds feceivti inyèstnt irKorne and are usèd to pay out grants lo Cadi$l• Cathedral. R8stricl8d Funds.189acy W for th• reslornith ofth& slwned glass Indrt. Kembl&Dibble Bequest - calhedral fabric. Page 16
Frf•nds of Carfi•h Cathedral Notes to th• Financlal Statern for the Ye•r End•d 31 D•¢•mb•r 2020 Prlor p•rfod At1 Ineomlng R¥our¢• oynl• galn¥llo¥• At31 2019 2019 G•n•rnl Fund• Unrestrictod inc¢me fvnd 402.872 32.862 124.805) {1.1rA) 42.412 452.035 Kembl•- tjbble 183.531 28.709 213,346 586,403 124.8051 71,121 665.361 Pag• 17
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FrId* of Carfhh Cathedral Not•s to th• Financlal stateTh for the Y•ar End•d 31 Docomber 2020 Prior p•riod UnY••trlct•d Endtr•t Totsl Fund• Tot•1 Fund• Funds 2019 2018 Investments Currenl assets Creditors.. Amtyjnts fallng due within year Nel assets 392,611 63.601 14.17n 4S2,035 211,035 2.311 603.646 65.912 14,17n 665,381 569,327 20.899 13,823} 566,403 213,346 Page19