APPROVAL
Frlends of Carlisle Cathedral
Reglstratlon number: 1023693
Annual Report and Financlal
Statements
31 December 2023
dOdd&co

Friends of Carflsle Cathedral
Contents
Refe￿nce 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
Repo￿ng 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$80ts
On 31 De￿fflber 2023, the invesbnent portfolio wa$ 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 en￿lronment 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$tatsmentvthen it èxists.
Misstatements Can arise from fraud or error and are considered material rf, individually or in the aggregate, they
could reasonably be expected to Influen￿ the economic decisions of users takan on the basis of these financial
statements.
We identify and assess the risks of material misstalement of the financial statements. whether due to fraud or
error. and then design and perfo￿￿ audit procedures responsive to those risks. including obtaining audit evidence
that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risk of material misststement in respect of irregularities. induding fraud and
non-compliancewith laws and regul8tions, we considered the followbng:
results of our enquiries of management about their own identification and assessment of the risks of
irregularities..
any matters we identified ha)ring obtained and reviewed the chantys documentation of their policies
and Pro￿dureS relating to:
- idenli￿"ng. evaluoting and complying laws and regualtÈon$ 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 pu￿0$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 be￿een 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 Repo￿ng 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 V￿thdraWn.
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.
In￿me 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 In￿Me 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
Se￿1¢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 be￿een 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 In￿Me 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 sO￿are 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'ecti￿S 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 D￿mber 2023
605.264
11,297
87,867
(92,078)
612,150
Nèt book value
As at 31 December 2023
As at 31 D￿rnber 2022
612.150
605,264
All investment assets V￿re 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
contin1￿1
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$ource$
r￿OUrceS 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
G￿ltOrs.. 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