APPROVAL Frlends of Carlisle Cathedral Reglstratlon number: 1023693 Annual Report and Financlal Statements 31 December 2023 dOdd&co
Friends of Carflsle Cathedral Contents Refence and Administralive Details Trustees, report Trustees, responsibilities Independent auditors, Teport statement of financial activities Balance sheet Notes to the financial statements 10
Friends of Carllsle Cathedral Reference and Adminlstratlve Dotails Charlty name Friends of Carlis18 Cathedral Charlty rog18tratlon number 1023693 Prfnelpal office Cathedral Office Westwalls CARLISLE CA3 8UF Regi$tsr¢d offl¢e Cathedral Office Westwalls CARLISLE CA3 8UF Tru8tses D B Amistrong R D Platt. Hon Treasurer K Gordon M Pearson M Reeves, Hon Secretary W D Patèrson RKM8nn J Westoll. Chair D Stobart J Churchlll J Johnson KA M Graham {Appointed 18 June 2023) C Morris (Appointed 18 June 2023) Bankers HSBC PIC 29 English Street CARLISLE CA3 WT Accountant Dodd & Co Audrt Limited FIFfEEN Rosehill Montgomery Way R¢)sehill Estats CARLISLE CA12RW Page 1
Frlends of Carlisle Cathedral Trustees. Report for the Year Ended 31 Decembor 2023 The financial ststements have been prepared in accordanc8 wlth the accounting policies sèt out in the notés to the accounts and compty wth the chatity's goveming documenc the Charities Act 2011 and Accounting and Repong by Charities: Statement of Recommended PraotiGe applicable to charities preparing their accounts in accordancg with the Financial Reporting Standard applicable in the UK and Republic of Ireland. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The charity is controlled by its goveming document, a deed of trust which nStituteS an unincorporated tharity. OvJani$ational structure The charity was established in 1934 and is govemed by its Trust Deed. The Trustees who acted during the year are shown above. Trustees are appointed by the board of the Trustees for an initial period of three years. Meetings usually tak8 place four times a year. Rl8k A88e8sm•nt Th8 Trustees have reviewed the risks facing the charity. and are satisfied that there is no significant risk at pres8nt The Trustees wll continua to monitor this area. OBJECTIVES AND ACTIVITIES Objectives and alms The charitys objectives are set out in Its goveming document and are as follows.. (a) To further such religious and other charitable works of Cartisla Cathedral as th8 Trust. after consultation vath The Chapter of Cadisle Cathedral, shall deem Appropriate. (b) To ¢Oaoperate with Thè Chapter in beautifying and maintaining the fabr1¢, fittings, ornaments, books, manuscripts, and vestments of and in Carlisle Cathedral, the Fratry and other Chapter buildings and ground$ thin the Cathedral Close of Carlisle Cathedral in the Diocese of Carlisle. (c) To assist The Chapter in the maintenance of the music and services of tho Cathedral. (d) To assist in the general mairrtenance of the Cathedral and other Chapter houses. buildings, and grounds within the Cathedral Close. In determining these objedives. the Trustees have paid due regard to Charity Commission guidan on public benefit. FINANCIAL REVIEW ReseNes The Trustses also aim to ensure the Tnjst maintains sufficient reserves to meet ts pledges to the Cathedral. At the year end. the charity had unrestricted reserves of £426,180 and free reserves of£23.037. Deflelt for the year Overall. there has been a modest surplus for the ye8r of £6.742 rnpared with a deficit of £38,809 in 2022. This level of perfomiance is expected to be continued in future years. Overall Incomo Total income during 2023 amounted to £36,083 compared with £34,027 in 2022 as detailed in the Notes to the Accounts. Legacies of £nil re received in the year (2022- £180). Page 2
Friends of Carflsle Cathedral Trustees, Report for the Year Ended 31 Dec•mbor 2023 Gran1• to the Cathodrnl The Trust awarded grants to the Cathedral during 2023 of £31.901 (2022.. £29,852). This was made up of music grants of £12,500 {2022.' £12,SOOJ, and fabric grants of £7,707 (2022". £5.258). along with £10,000 for computers and £1,694 for a new clock. A$80ts On 31 Defflber 2023, the invesbnent portfolio wa$ valued at £612,150 (2022". £605,284) and cash reseNes stood at £28,746 (2022.. £30,616). Although shares havè proved to be a good long-tem investrnent. we recognise the need for 8 flexible investment Strategy. With th8 advlce of our financial advisors who opèrate on a discrètionary basis, we aim to protsct the value ofthe ¢apitsl by responding appropriately trj changing conditions. Post Balanco Shegt Evgnts Therè aré no post balanL* sheet events to report. FUTURE PLANS Th8 Trust 1$ ¢ommitted to making a contribution during 2024 towards Cathedral Music of £12,500 and £5,000 towards thè organ stholar. Approved by the Trustees on 13 May 2024 and signéd on their behalf by.. D B ArmstroNJ Trust88 Page 3
Friends of Carflsle Cathedral Trustees. R8sponsibilities in relatlon to the Flnancial Statements The trustees are r8sponsible for preparing the Trustees. Report and the financial $tatsments in a¢¢ordance wth applicab law and United lfjngdom Accounting Standards. Tho law applicable to tharities in England and Wales requires the lJustees to prepare financial statements for each financial year ¥¥hich give a true and fair Mew of the state of affairs of the chanty and of the incoming resources and application of resour$ of the Gharity for that period. In preparing thes& financial statements, the trustees are required to: select suitable accounting policies and then apply them consistenty, observe the methods and principles in the Charilies SORP., make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed. subject to any material dèpartures disclosed 8nd explain8d in the finan¢ial ststsments,. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. Th8 trusts•s are responsible for keeping proper accounting records Ihat disdose Nmth reasonable accuracy at any time Ihe financial position of the charity and enable them to ensuré that the financial statements comply with the Charities Act 2011. th8 Charity (Accounts and Reports) R8gulations and the provisions of the trust deed. They are responsible for safeguarding the asséts of the charity and hence for taking roasonable steps for the prevention and detection of fraud and other irregularities. Page 4
Independent A'ud5tors' Report to tho Trustees of Friends of Carllsle Cathedral Oplnlon We have audited the financial statèments of Friends of Cartisle Cathedral for the year ended 31 December 2023, set out on pages 8 to 17 which comprise the Statement of Financial Activities. the Balance Sheet and the related notes. The finarFcial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards. including FinanGial Reporting Standard 102 IFRS 1021 The Financial Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion the financial statements.. give a true and fair eW of the state of the charitys affairs as at 31 December 2023 and of its incoming resour$ and application of resources, for the year then ended,. have been properly prepared in accordance with United ngdoM Generally Accepted Accounting Practice applicable to smaller entities.. and have been prep8red in accordance wth the requirements of the Charities Act 2011. Basls for opinion We conducted our audit in accordance with Intemational Standards on Auditing {UKI (ISAS (UK)) and applicable law. Our fesponsibilitses under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of ovr report. We are independent of th8 Charity in acccrdanGe with the ethical requirements that are relevant Ic our audit of the financial statements in the UK, including the FRC'3 Ethical Stsndard and we have fulfilled our olher ethic81 responsibilrties in accordance wth these requSr8ments. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu¥ion• rolatlng to golng eoneèrn In auditing the finanGial ststements, we have conduded that the trustees usé of the going wncem basis of accounting in the prèparation of the financial statements is appropriate. Based on thè work wé have perfomed, w8 ha not identified any material uncartainties relating to events or conditions that, indimdually or collectively, may cast significant doubt on the charity's ability to continue as a going con¢em for a period of at least tsvelve months from when the orlginal financial statements wore authorised ft)r issue. Our r8sponsibililies and the r8sponsibilities of the trustees wth rèsp8Ct to going concem are described in the relevant section8 Of this report. Other infomiallon The other infomiation comprises the informats-on induded in the annual report. including the trustees, report. other than the financial statements and our auditors. report thereon. The trustees are responsible for the other infonnation contained within the annual report. Our opinion on the financial statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assuran conclusion thereon. Our responsibility is to read the other infom)ation and, in doing so, consider whether the other infonnation is materially incDnsistsnt wrth the financial statements or our knovAedge obtained in the course of the audit. or otherwse appears to be materially misstatsd. If we identify such material in¢onsistenThes or apparent material misstatements, we are required to deternine whether this gives rise to a material misstatement in the ffinanGial ststements themselves. If, based on the work we have performed, we conclude that there is a matsrial misstatement of this other infomation, are required to reportthat fact. We have nothing to report in this regard. Page 5
Independent Audltors. Report to th• Trustees of Frlends of Carlisle Cathedral . continu&d Mattevs on whlch we are required to rgport by oxcoption In the light of the knowledg8 8nd understanding of the charity and its enlronment obtsined in the course of the audi( we have not identified material misststements in the trustees. report. We have nothing to Rport in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to pOrt to you if, in our opinion.. the infomalion given in the Financial St8tements is inconsistent in any matetial te$pe¢t with the Trustees, ReporL or sufficient 8ccounting records have not been kept or the Financial Statements are not in agreementwith the accounting records and retums. or we have not received all the infonnation and eyplanations we require for our audit. Responslbllltles of tnBtses As explained more fulty in the Trustees, Re5pon5ibilikn8s Ststement set out on page 4. the trust88s are responsible for the preparation of th8 financial statements 1¢h give a true and fair view, arKI for Such intemal control 2$ the trustees detennine is necessary to enable the preparation of Financial Statements that arè free from material misststemen( whether dup to fraud or error. In preparing th8 financial statements, the trustees are responsible for assessing the charity's ability to continue as a going con¢em, disclosing, as 8pplicable. mattets related to going concem and using the going concém basis of accountlng unless the trustses eithor intend to liquidate the charity or to céasè operations, or have no realisti altemative but to do so. Audltor8' respon8lbllltles for the audlt of tha financlal stat•monts We have been appointed as auditors under section 144 of the Charities Act 2011 and report in a¢¢ordance wth regulations made under section 154 of that Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about vthether the financial ststsments as a whole are free from material misststement, whether due to fraud or error, and to issue an auditor's pOrt that includes our opinion. Reasonable assurance is a high tevel of assurance. but is not a guarantee that an audit conducted in aeeordanee with ISAS (UK) will always detect a material mis$tatsmentvthen it èxists. Misstatements Can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to Influen the economic decisions of users takan on the basis of these financial statements. We identify and assess the risks of material misstalement of the financial statements. whether due to fraud or error. and then design and perfo audit procedures responsive to those risks. including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risk of material misststement in respect of irregularities. induding fraud and non-compliancewith laws and regul8tions, we considered the followbng: results of our enquiries of management about their own identification and assessment of the risks of irregularities.. any matters we identified ha)ring obtained and reviewed the chantys documentation of their policies and ProdureS relating to: - idenli"ng. evaluoting and complying laws and regualtÈon$ and whethor they are aware any instances of non-complian. - detecting and responding to risks of fraud and whether they have any knowkdg& of any actual, susp9ctsd or alleged fraud.. - the intsrnal ¢ontrols estsblished to mitigate risks of fraud or non-compliance viith laws and regulations- the mattets discussed among the audit tsam regarding h¢)w and where fraud mlght occur in the financial statements and any potential indicators of fraud. Page 6
Independ•nt Auditors. Report to the Trustses of Fri•nds of Carllsle Cathedral .. continu8d a result of these procedures, we considèred the opportunit¢es and inc8ntiv8s that may tixist viithin the organisation for fraud and identified the greatest potenti81 for fraud to be in latiOn to management override whid), in common with all audits under ISAS (UK), VR are required to perform specific procedures to respond to this risk. We also obtained an undetstanding of the legal and r6gulatory framewoTk that charity operates in. focusing on provisions of those laws and regulations that had a direct effect on the detemiination of Material amounts and disclosures in the financial statements. The key laws and regulations considered in Ihts cont8Xt includgd the Charities Act 2011. As a result of perfomiing the above, in response to the risks identified, we did not identify any key audit matters related to the potential risk of fraud or non-compliance th laws and regulab"ons. In addition. to the above, our procedures to respond to risks identified the followng.. remewng the financial statements disclosures and tssting to supporting documentation to assess compliance with provisions of relevant laws and regulations des(Yibed as having a direct effect on the finanGial statements., enquiring of the trustees conceming actual and potential litigation claims., perfomiing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud" reading minutes of meetings of those charged wth governance., and in addrèssing the risk of fraud through management overrid• of controls, t8sting the appropriateness of journal enlries and ott)er adjusknents,. assèssing whether the judgements made in making accounting 8stimat6s are indicative of potsntial bias. and evaluating the rationale of any signifi¢anl transa¢tions that aro unusual or outslde the nom)81 coursè of th8 tharity's woth. We also communicated relevant identified laws and regulations and potsnti81 fraud risk to all engagement tsam members and remained alert to any indications of fraud or non-¢l)rnpliance wth laws and regulations throughout the audiL U80 of our report This report is made solely to the charity's trnstées, as a body, in a¢¢ordance with Th? Charities Act 2011. Our audit work has been undertaken so that we might state to th6 trustees those matters we are requiTed to State to them in an auditor's report and for no other pu0$e. To the fijllest extent pemittèd by law, we do not accept or assume SpOnsIbl11ty to anyono oth8r than the charity's trustees as 8 body, for our audit work. for this report, or for the opinions we have fomed. Our objeciives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an 8uditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordan with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise frorn fraud or error and are considered material if. individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis ofthese financial staternents. A rther description of our responsibilities for the audtt of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uklauditorsreponsibilities. This description foms part of our auditors report. FIFfEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA12RW Dodd & Co Audit Limitad Chartered Accountants & Regist8r6d Auditors 13 May 2024 Dodd & Co Audit Limitad Is 8ligibl8 to act as an auditor in temis of section 1212 of the Compani8s Act 2006 Page 7
Friends of Carllsle Cathedral Statement of Financial Activities lor the Year Ended 31 December 2023 Unrestrleted Endowment Total Fund8 Total Funds Funds Funds 2023 2022 Nole Income Donations and legacies Investments 9,742 9,742 8,412 26,341 36,083 26,341 36,083 25,615 Total incomè 34,027 Expondlture Charitable actfvitigs 40,638 40.638 40,638 40,638 40,315 40,315 Total expenditure Excess ot expendilure over income 14,555) 14.5551 16,2881 Gainslllossesl on investment assets 4.681 6,616 11,297 {32,521) Net incomellexpenditure) 126 6,616 6,742 138,8091 Transfers Transfers beeen lunds 979 {979} N8t movement in lunds 1,105 5,637 6.742 138,8091 Reconcillatlon of lunds Total lunds brought forwar(I T¢)tal funds carried fotward 425,075 206,270 211,907 631,345 638,087 670,154 631,345 426,180 The noles on pages 10 to 17 form an integral part of these financial statements. Page 8
Frfends of Carllslo Cathedral Balance Sheet as at 31 D•¢omber 2023 2023 2022 Flxod assets Investments 612,150 605,264 Current ass•ts Deblors and prepayments Cash at bank and in hand 10 1,809 28.746 30.555 1,206 30,616 31,822 Creditor8: Amounts falllng duo wtthln ono year 11 (4,618) <5,741) Nèt current assets 25,937 28,081 Net assets 638,087 631.345 The funds of the charitr. Endowment fundg 211.907 206,270 Unrostrfctod funds Unreslricted income funds 426,180 425,075 Total charity fund8 The financial statements have been prepared in accordance with the Flnanci81 Reporting Stsndard applicable in the UK and RepubliG of Ireland (FRS 102). 638,087 631,345 Approved by the Board on 13 May 2024 and signed on its behalf by.. D B Amistrong Trustee J Westoll Trustee The notes on pages 10 to 17 fomi an integral part ofthese financial statements. Page 9
Frlends of Carfi$l• Cathedral Notes to the Financlal Statements for the Year Ended 31 December 2023 Accounting poll¢l•s Statement of compllan¢e The accounts (financial statements) have been prepared under the historical cost convention items recognised at cost or transaction value unless otherwise statsd in the relevant note{s} to these accounts. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Repong Stsndard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The accounts {financial statements) have been prepared to give a Itue and fai view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'trug and fair view.. This departure has involved following Accounting and Reporting by Charities preparing their accounts in acwrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities'.Statement of Recommended Practice effective from 1 April 2005 which has since been VthdraWn. Basls of preparntion Thè charity meets the definition of a public b&nefft entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othemsè statod in the relevant accounting policy notes. Golng concern These financial statements have been prepared on a going concern basis. Fund a¢¢ountlng pollcy Unrestricted income funds are general funds that are available for use 8t the trustees, discretion in furtherance of U)e objectives ofthe charity. Further details of each fund are disckised in note 13. Income and ondowments Donations and legacies are recognised vthere there is entitlement. probability of receipt and the amount can be measured with sufficient reliabilty. Inme from Government and other grants, Nthether '¢apital' grants or'rnvenue, grants, is recognised wh8n the charity has entitlement to the funds, any performance conditions attached to the grants have been met it is probablg that tho income will be received and the amount can be measurgd reliably and is not defeffed. Income from tax reclaims are induded in the statement of financial acttvibgs at the same time as the gift to which they relate. Invèstmenl InMe is recognised on a receivable basis. Page 10
Frlends of Carllsle Cathedral Notes to the Financial Slatements for the Year Ended 31 Dec•mbor 2023 continued Exwndlture Liabilities ar8 rècognised as soon as there is a logal or construth've obligation committing the charty to the expendrture. All expenditur6 Is accounted for on an accruals basis and has been dassified under headings that aggregate all costs related to the category. Charitable expenditure compris8s thos8 costs incurred by the ¢harity in the delivery of its activities and Se1¢8$ for Its bèneficiaries. It includes both Costs that Can be allocated directly to such aGtivities and thc costs of an indirect nature necessary lo supportthem. Grants payable are payments mad8 to third parties in the furtheran of the charitable objectives. Where the charity gives a grant conditions for Its payment being a specific level of 8ervice or output to be provided, such grants are only recognised in the SOFA once the reciplènt of the grant has provided the specific service or output. Grants payable without rf0Mlance Conditions are only recognised in the accounts when a commitment has been made and there are no condits'ons to bè met relating to the grant which remain in the control oflhe charity. Provisions for grants are made vthen the inten'on to make a grant has b88n communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payabl8. Support ¢08ts Support costs include central functions and have been allocated to activity cost categorios on a basis consistent with the use of resources, for example. allocating property costs by floor areas, or per capits, staff costs by the time spènt and other costs by their usage. Ca•h and Ca$h Equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi highty liquid investrnents that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Inveglments Fixed asset investments are included at market valu8 at the balance shéet date. Realis8d gains and losses on investments are calculated as the difference beeen sales proceeds and their market value at the start of the year, or their subsequent cost. and aE charged or creditsd to the statement of the financial activities in the period of disposal. Unrealised galns and losses represent the movement in market values during the ygar and are edIted or charged to the statèment of financial activities based on the martet value at the year ond. Page 1q
Frfends of Carllsle Cathedral Notes to the Financial Statements for the Year Ended 31 December 2023 .. continued Donations and legacigs Unrestrieled Endowmènt Total Funds Totsl Funds Funds Funds 2023 2022 Donations andlogacios Legacies and bequests Appeals and donations Gift Aid tax redaimed Subscriptions 3,706 603 5,433 9,742 3,706 603 5,433 9,742 2.492 951 4.789 8,412 All of the donations and legacies InMe in 2022 related to unrestricted fvnds. Inveslment Income Unrestrlcted Endowment Tolal Funds Total Funds Funds Fund8 2023 2022 Interest on cash deposits Income from other investments 232 26,109 232 26,109 25.567 26,341 26,341 25,615 All of the inv8Stm8nt income in 2022 related to unrestricted funds. P8ge 12
Frlends of Carlisle Cathedral Notes to the Financlal Statements for the Year Ended 31 December 2023 conhnued Expondilu Friends of Carllsle Cathedral Total 2023 Total 2022 Dlrèet eogts Grants payable- institutions M8nagement of investrnents 31,901 4,284 36,185 31,901 4,284 36,185 29,852 35,402 Support C08ts Computer sOare and maintenance Msts Printing, postage and station8ry Sundry ey4)enses Accountancy fees The audit of the charity's annual accounts Bank charges 144 917 770 992 1,560 70 4,453 144 917 770 992 1,560 70 4,453 1,897 504 1,434 102 4,913 40,638 40.638 40.315 All of the expenditure in 2022 r8latsd to unreslricted funds. Grants to Institullons Namg of Instltutlon Activity Carlisle Cathedral Support Cathedral Oty'ectiS and actlvitie$ 31.901 Governancg ¢ts 2023 2022 Accountsncy fees Audit fees 504 1.434 1,938 1,560 2,552 Trustge•' rgmuneratlon and expon868 No trustsés reGeived any remuneration or exp8ns6s during the year. Page 13
Friends of Carlislo Cathedral Notes to the Financial Statements for the Year Ended 31 December 2023 . continu8d Taxatlon The registsred charity Is exempt from tsxalion on income and gains. Invesbnents hold as fixed assets Listsd investments Marf(et value As at 1 January 2023 Revaluation Addikn'ons Dispos21s As at 31 Dmber 2023 605.264 11,297 87,867 (92,078) 612,150 Nèt book value As at 31 December 2023 As at 31 Drnber 2022 612.150 605,264 All investment assets Vre held in the UK. 10 Dobtors and propayments 2023 2022 Othèr debtors 1,809 1.206 11 Credltora: Amounts falling duè within on8 year 2023 2022 Other creditors 4,618 5,741 Page 14
Friends of Carllsle Cathedral Notes to the Financial Statsments for the Year Ended 31 December 2023 contin11 12 R•latsd partie8 Controlling onllty The charity is controlled by the trustee& Relatod party transactlons During the year grants were made to Chapter of Carlisle Cathedral of £31,901 {2022- £29,852). 13 Anatysis of funds Other recognised galnsllosge At1 January 2023 At31 Dèeembèr 2023 Incoming Resources rosources Oxpondod Transf•r8 Gonordl Fund8 Unrestricted incomè fund 425,075 36,083 {40,638) 979 4,681 426.180 Pernianent Endowmènt Kembl&Dibbl6 Bequest 206,270 (979) 6.616 211,907 631,345 36,083 (40,638) 11,297 638,087 General Funds - the gengral funds receive invesknent income and are used to pay out grants to Carfisle Cathedral. KembleknDibblp Bequest - income from the pennanent 8ndowment is restricted to maintenanrA of the cathedral fabric. 14 Transfers Transfers relate to r8strictsd dividénds transferred to unrestricted funds, in line with the tsms of the endowment. Page 15
FrSends of Carfisje Cathedral Notes to the Financial Statements for the Year Ended 31 December 2023 . continued Prior period Oth•r recognised gainsllosso Atl January 2022 Incoming Ro$ource$ rOUrceS expended At31 December 2022 Transfers Genèral Funds Unrestrictsd income fund 450,575 34,027 (40.315) 1.751 {20.963) 425,075 Pernianent Endowm?nt Kemble- Dibble Bequest 219,579 {1,751} 111,558) 132,521) 206.270 670,154 34,027 (40,315) 631,345 15 Net as8Ot8 by fund Unrestrletsd Funds Endowmont Funds Totsl Funds 2023 Total Funds 2022 Investments Current assets Creditors: Amounts falling due within one year Net assets 403.143 27,655 209,007 2,900 612,150 30.555 605,264 31,822 (4,618> 426,180 (4,618) 638,087 (5,741) 631,345 211,907 Pag8 16
Friends of Carllsle Cathedral Notes to the Financial Statements for the Year Ended 31 December 2023 . Gontinued Prior poriod Unrestri¢tsd Funds Endowment Fund$ Total Funds 2022 Total Funds 2021 Investrnents Current assets GltOrs.. Amounts falling due within one year Nel assets 401,252 29.564 {5.741) 425,075 204,012 2.258 605,264 31,822 {5.741) 631,345 645,638 29,977 (5.461) 670,154 206,270 Page 17