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 d￿li￿S governing d¢x¥ment. the Chwthes Act 2011 and Accounting a￿1 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 gO￿nty • deed oftrusl and Unti￿8$ an un1ntrytmx¥￿ ¢haiity. Oryanl•atlonal Slyu￿r¥ 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 Tn￿1808 ft>r an inib'aj period of three years. PAeetings usuth tske place four year. Rl¥k A•8e•sme Th8 Trustees reVi￿d the risks facing thè chanty, lAd￿ling the inpact of the pand•mi¢, and ar• satisfi•d that ther• is no s￿n￿￿an1 risk at w•sert. The Tr￿tte$ *il c4jnl￿e lo monitorthi5 area. OWECTIVES AI40 ACTMTIES ObJ￿b¥￿ *nd •lm¥ The obiectr¥&s are sth in sts goveming d￿ment 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 fa￿lc, 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 ger￿81 mwntenance of the Calhedr818nd other Chaptsr b)uses. burldwNs, and grwndsv*itlMn 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 resen￿S of£417.356 fm rest￿9 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• Calt*drnl dwing 2ff20 of £44.432 (2019.. £20,440}. Thi5 VAS mad• up of musie 9r•nts of £12.$00 (2019.. £14.SLN)1. fratry grants of £25.LW (2019: En1￿ arnj fabric grnnts of £6.932 12019: £5,940). Admlnlstr4tlon Co•ts Oth¢r expenditure inCk￿S th8 cost ofprothw th¢ Annual R8*iew of£nil (2019.. £380). Page 2 Friwth of Carfisle Cathedrnl TnMt•u' R•port for th• Year End•d 31 D•c•mb•r 2020 On 31 December 2020. the TheslmBnt p￿1￿) ¥rns at £564,676 Q019: £fK13,646} and cash reserves slooj * £60,043 (2019.. £65.0501. AlhoU￿ share5 have proved lo be a goryj kng.lern irlveslment. we recogni8e the need kn a knible Th*slment strategy. Wrth the of our financyal advisors who operate on dls(¥el￿ary ba8iS. ￿ aim to wotecl the value of the caM81 by reSp￿dIng appyowiatety lo changing conditions. Potst Balafi￿ Sl*•t Ev•nts FUTURE PLANS The TN8t 1$ CorT¥nilted to making a C(￿1n1￿jli0n W21 t(ywards Cthrnl Muw¢ of£12.500. IMPACT OF cov1￿15 Though the p8ndemi¢ opp•ar•d to trwjgtr a lall in the valualion of our p￿tfol￿ o¥•r the year, the resilience ¥*th￿h we hwe tried lo into w drrtrne hoidinos see￿ to have h•b¥d festore durin9 the fol1v￿ing 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 Tr￿te•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 8ppl*able law and United Kngdom Accwnting Stsndards. The law applicable lo c*arTtses in England and W¥l•s requwts the t￿￿teeS to Pfepare financaal statements for eath finanrial year which give a f￿1 wew of Ihe stste of affairs of the tharity and of the incoming Iruslees are required to.. obserye the metho¢ts pri￿pIeS in Chwitse SORP.. disclosed and gxplw"r*d in the state￿￿., pare the fin8nci¥l stateff*nts 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 k￿￿n0 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•m￿t5 CoM￿Y 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 p￿e4 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 •nd*d 31 D•cwnber 2￿￿0. 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 wi￿n(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 rnsponsI￿1rfl8S lor th? audit ofthe finarwl stst•m¢nts a•Lthon of our report. We •r¢ indyndtnt ofth• Chwity hi ￿COrdaI￿e *ryth the ¥thul requirements that a￿ ￿leV￿1 lo our audit of the ffinw¥l $t8t¢m¢nts in the UK. I￿uding Ihe FRC'S Ethical Standard and w¢ hav¢ tyjr other ethiol r¢spon$ibditigs in accoftlance tAryth these rewirements. We beh"¥v• that the au¢Jt evidence have obt￿ned is suffici￿1 and appropnth to • b89$ for cwr opinion. Concl￿1¢nI r•latlng to golng Mn¢•rn In •udiling the fThncial statements. we have CC￿thded that the tnjstees use of the wng concem basis of 8CC4Unting in the Fw)Wati￿ ofthe frnK4al statements15 approwate. conditions th8t. IndNith￿lY 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 sec*ons of repxL The other infcffi?ali¢)n cornpri￿ the irformation inc*Jded 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, tr￿pt lo the ex1•nt othe￿￿￿e stated in re5rt we do not ewress wy fomi of a$$LryKe Ihereon. Our 18 to read the other Informati￿ and. in doing so. consider the tsther inforM￿lon is m8letslty ￿ConSISte￿I with the fmancaal stalements or our ot>lained in the cowse of the audit, or otherwse appears to be materialy mrdstaied. If tht identify suc* malerFal inconsistencge5 or apparent material mtsststements, we are requThJ to ￿et￿nin* *l)eth•r thi8 gives rise to a material mi5ststement in the fin8naal $tatemenl¥ themsew. If. based on the have performed. w2 c(Ythe that there is a material misst8temenlofthis other Info￿al￿)n. we are required to report that faL*. We have nothty to rep￿1 in this reg8nl. Page 5 Indwnd•nt Auditorn. R•port to th• Trust••¥ of Friend• ol Cartlsl• Cath•drnl In the fight of the kntr* and undwstaThJty of fhg chaiity aTrJ its Wmrfmment thingd li the of the We have nothing to rewt in respect of the f01h)￿9 mattefs the Chwibes IA0>￿￿1* aThJ Reports) Regulations 2(*)8 requires u$ to report to you rf. in our opinion." Ihe information given in the FinwKa81 slateMe￿ is inray￿enI in •rry matefial respec* *ith the Tvustees. R9Wt'. ty sufficionl xcounting records have been kw" tx the FinoTh¥1 Statements are n¢t In agreemontwith the occounlir4J rec(xds and retum$; or Our obie(*ves are to obtain reasonable 89SUf8nct ab￿1 the fir￿nCl41 stAtements as 8 lAtho￿ free from material misslalement. vthether due to fraud or error. aNJ to issue an auditorfs report that Ind￿d￿ our opinic￿. Reasonable assLrni¢e is a high knl of assuran￿. but is Mt a 9uaianlee that 8n audit ¢onducted in accordar￿e ¥Mth ISAS (UIQ *iN aP4Mys dète(1 a Mat￿la1 misstalement ¥th•n rt exists. Kth'$$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 FI￿ne1￿1 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 Fir￿C￿l Ststernenls that 8r¢ free from material misstalwftwtt.vthether ¢Jue to fraud or errnr. In preparing the ￿na￿l81 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 d￿ritY 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• C*th•drnl A•Jdlt¢>rf• f•w￿￿1b11lIl•s for th• audlt olth• fln•ncl•l •t•t•m We h￿e been ¥pp)int•d 8$ 8￿jit￿ w*Jpr 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 T*Jth•ther the ffinants￿ stat•rn￿lts 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 m￿tate￿ortts ¢an aiist frt>m fraud or •rr(Y aThJ are tJ)ns*Jèrnd Materi￿ rf, ir*JividuaHy or in the aggregate, uld reasonabty be expected lo the e(y)n(xnK decisions of usws taken on tho basis of these financaal $tst?m•nts. We identify •ftd 889￿ the roks of mAleri•l rn1s¥tster￿ftI of fin#ncAal stat•m•nts, ￿th•ther to ￿ud or error, then dewgn and perfonn 0￿j11 procedures responsiva to I1￿ risks. iThSuding cthiriTr3 audit evidence thot 1$ suffi(xent and apprwate to proyide a baws ts our opinion. In *JenffjrytvJ asse$*ng ri* crt r¢￿teri￿ mi￿101￿y*nI in respect of irregulw*ies. inchjdiry fraud ond nO￿￿rIVI1anC¢ with laws Ind wLqlb)ns, o)n*defed th¢ folky*An9". results of our enqwries of managThnt aLwt th¢ii KknbfKabon and Assessment of th• risks Of any rnattèrs Vo idwbfied having olrt•ined and the charitrfs do￿Tfient￿￿ of their polKw •r¥J Pr￿dUleS relating to.. . idonlifying. evahJalirwJ aTrJ c￿nP￿￿"n9 reguattK￿8 arKI tlw wy ir*lance8 of bwmpli#nce'. . d•tec*ng and Q8FMd¥YJ to li8ks of fraud aThJ TA*th wy of any act￿1, su$peded or aleged fraud; - Ihe internal controls estsblished t(> rn￿gate risks of fraud w nOr￿￿npl¥nC¥*?Ihl0Ws arwj wulation$.' the matters discussed Ihe audit leam regar&"ng armj T*thwe frnud might t>XW in thg finan(xal Statements arml any p)tenti81 indicth5 of fraud. 4 resutt of these wocedures, ￿ cl￿8￿jered the opportuniies irK¢nli￿ th•1 may wsl the org8nisalion ft¥ fraud •r¥J idenlified thè greatest Wenti¥l tr fr4￿j to b¢ in to man89èmènt override ¥thi¢h, In common wilh al audits ￿￿tr ISAS IUIQ. are reqUI￿d to spthik proct￿r¢S to respond lo this risk. We •lso Obta￿ed ￿ undwthndry of the kngal and regulatory frame￿ that th*ity tsperntes in, fwsing on provisions of those la￿ and regulat￿3 that had a direct effect the dete￿nir￿liOn of material amounts and disdo*JTes in the finanual ststements. The key and regukbon8 considered in thi8 contex1 Ind[￿ed the Charithes Ac* 2011. A8 a resuh of performing the above, in resportse to the risks KJentI￿. ￿ did rvJt identify any key wjit mattels reLqted to the potentwl risk offraud ty I￿￿oMplianCe*￿h la*ts and r&9￿8t1￿$. In add￿, lo the thve. our procthw to reSp￿j to risks identified the f0knI￿19". T￿1￿9 the fina￿1￿1 stateff￿nts disclosures and fesb'ry to St4)porting (kn￿ment￿lon to assess ¢orT¥)&ance with pmNisiM$ of rel￿*￿ laws and reg￿lOn5 de8(¥ibed 4$ h*ivwJ 8 direct on the financ4al $tst•n*nts', enquirmg ofthe trustees Conc￿￿￿ actual and Wential hts'gat￿ daims., pwformww an￿1¢81 prc¢edures to identify any unusual ry unew Telationships that may ind￿ale iisks of material misststement due lo fraud." reading minules of meetings of t￿>s* chafg8d 7Aith govemance", and in ar1dre￿n9 the risk of fraud through management override of c￿trO￿. testing the appropriateness of ioumal •nln"es and other adjustments," assessry 7Athethgr judg8Th￿ mad¢ in making •¢>*unling ostimales #re indicalive of potential bias," and evaluab.ng lh• ralional• of a)y significant transaclions that arè unu¥ual c outside the normal ¢¥w8e ofthe rknitys ¥th. P•ge 7 Fii•nth of Carlls1• Cath•dral W& also ¢ommunicaled rtrknanl Klentified l•¥s and r¢gulation$ 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 a￿JIL Use of our r•port This report is made solety to th¢ choiitls tntstoos. 8$ • t￿y, in OC¢ayd•nce wrth Thè Chaibtig$ A¢1 2011. Our audit th ha$ be￿ und*rtak•n $0 that might stste lo the tru$t*es tho$t mattws are required to State to them in èn audrtrfs rtport and for nts othèr purpw. To thè fuuttl èxt¢nl F*imffted by Igw. we do not H¢￿pt or assume responsibijty to anyone other than th¢ chaFiVs Irust••s as a bcxty. IN audit woth. for this rewt. or forth¢ opiniM$ 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 H￿tr￿l•d Tol•l Tolal Fund¥ Fundj 2019 Donalkns aTh118g￿5 6,774 25.373 515 Charitab￿ acaMtN8s Total I￿e 27.582 32,662 Charitablè aCt￿t 48.176 48,176 48.176 48,176 24.8(kS 24,805 Totsl eXpe￿litU 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 I￿1.827) 78,978 Rxonelllatlon ol lundg Total furKls broughl foNMrd lurth Ca￿l¥j lonyar 213.316 196.198 e&5,381 614,$54 586.403 665.381 417,356 Thè Nrtes on pages 11 to 19 lum an In1egr￿ F*rt ol these slatemarts. Friw￿¥ of Carlhsh Cath•dr•l Balance Shert as at 31 D•c•mber 2020 2020 2019 Flx•d In¥eslm¢nts 10 564.676 603.646 Current a•8•ts Debtors Cash at bar* and in h•nd 11 60,043 65.OXI 65.912 Crerfrtorn". Amount• falling du• wlthin on• yur 12 (11.02n 14,177) N•t¢un•nt •¥•ots 49.878 61,735 614.554 665.381 Th• lund• ofth• charlty: End¢)￿nent fvndl 1£6.198 213.346 R•StrIct￿ funds Unrnstrlet•d lunth Unrestricted income fvnds 417.356 452,035 Tot*1 ¢hartty funds The finaniial statements have been prep8od Wi ￿)thnee *ith the Finanoal ReiyNts"ng StaThJard applicab￿ in the UK and R$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 f￿anCIal 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 lffin*Kial s&￿eMents) have been prepared under the histortcal cost convwtion items I￿ognised at cost or transa¢*on value ￿l*S5 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 Finar￿1 Ropoiting Standard 8pp&eable In the United Kingd￿ #nd of IrelaTrJ (FRS 1￿1) 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 Find￿jaI R￿p￿lIng Standard applicable ￿ the UK and Republic of Ireland {FRS 1ff21 ralher than th• ACc￿￿ting ar￿ Rèporf]"ng by Chariti.￿..stat•rn•nl of R￿ornM￿d8d 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$l¢xcal or tran54CtKn value unles5 0th?r*ise stated in Ihg ￿￿an{ accounting policy R••tatem•nt of C¢M￿rat1 The 2019 ¢omp8rthe figwes h8ve been ￿Stated. The cash balances *Trthin irNOslments have been 3hv•m against rArrent assets. rather than in¥estment8. There are no c*wge$ to tot* on the balance sheet and rK> thanges lo any fiyuTes tsn the Slatement of FinancRI Ac*wt*s. Golng ¢oncem Fund a¢countln9 poIIcy Unrestricted inc4Jm• funds we ger￿rnI that ar• a¥a￿*ble use at thè trust••s' i*screlion in fijrthernnce ofthe i*¢lNes ofthe charity. Restrided fiJn¢J$ are those donated for UBe w) a pavbpj￿r 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 suffic￿nI 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 stat￿￿nts for th• Y•ar Endod 31 Do¢•mb•r 2020 Exp•ndliw• Liabilibe$ are reg)BThsed as soon a8 thwe is a le9￿ (* C¢X￿1￿c1i￿e cdylityi commilbn9 the charity lo the th8t aggregate au ¢03t¥ r*ted lo the categDry. Charitable elpe￿IllUre 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$ts of an indire(I nalure nece55wylo 8upp(Yithem. Grants payable are payments mad• to third paities in the ILvthernnre of the d￿rbtab￿ obiecli¥8s. Wh Ihe tharty gives a granl condrtions fc* its pay￿nt berng a speufic ￿Ve1 of service or output to b• provided, suth grants ore tyty tec)me in 2019 related to WTestrI(￿ In¥•gtm•nt Incam• Unrn8trici•d Rutricted Endowmert Tot*1 F￿dty Tot•1 Fund* Funds Funds Fund• 2020 2019 lrternsl on ¢o$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 unre5tsic*ed IuEKI$. ¢￿￿tab￿ *¢tlvltl•• R••tri¢tod Endowm•nt Total Funds Total Fund* Fund¥ Funds 2020 2019 Fund Fd•nth ofCarll•l• Cath•drnl Fundwswiy events 515 Al of the incorn• from ¢hwitsbl• acb¥ib•s in 2019 r•lated to unrestrictsj f￿￿s. ExP•ndI￿r0 Frf•nd* ol C•rll$ Cath￿r•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 $othwe and m8inlenw¢¢ c*)sts Printing. Frf)stage and stathy Sundry oxponses Organised wtings Printers fe8s Aco)untancy fees The audil ofthe Ch￿ty$ 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 T￿￿tIon 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 D￿rnber 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 as￿8 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 Ana￿18 of fvnd• r•¢ognls•d At31 galnsllO￿ De¢•rn￿r 2020 J•nuary 2020 Incomlng Re•ourc re•ou￿•* General Fund4 Unrestricted income tund 452.015 27.$82 (48.1761 (14,225) 417,356 RMtrlct•d Fynd• Restricted funds P•m•n•rrt End¢)wm• KemWIJ"bLqe Beqyesl 213.346 (1410) (17,1K18) 1%.198 865.381 28,582 148,1761 (31233} 614.554 Gerfftal Funds - the general fvnds feceivti inyèst￿nt irKorne and are usèd to pay out grants lo Cadi$l• Cathedral. R8stricl8d Funds.189acy W for th• reslornith ofth& slwned glass I￿nd￿rt. 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 ID(DO cuuz FrI￿d* 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