CHARITY COMMISSION
Friends of Carlisle Cathedral
Registration number: 1023693
Annual Report and Financial
ststements
31 December 2024
dOdd&co

Fri8nds of Carlisle Cathedral
Contents
Reference and Administrative Details
Trustees, report
Truslees, responsibilities
Independent auditors, report
staternent of financial activities
Balance sheet
Notes lo the financial statements
10

Friends of Carfisle Cathedral
R•f8rence and Administrative Detsils
Charity name
Friends of Carlisle C8thedral
Charity r8gistralion number
1023693
Principal officé
Cathedral Offi
Wesl Walls
CARLISLE
CA3 8UF
Registared offlce
Cathedral Office
West Walls
CARLISLE
CA3 8UF
Trustees
D B Amstrong
{Resigned 16 February 2025)
R D Platt, Hon Treasurer
K Gordon
M Pearson
M Reeves, Hon Secretary
W D Paterson
RKMann
J Westoll, Ch8ir
D Stobart
J Churchill
J Johnson
(Resigned 9 January 2025)
K A M Graham
C Morris
Bankers
HSBC PIC
29 English Street
CARLISLE
CA3 8JT
Accountsnt
Dodd & Co Audit Limited
FIFTEEN Rosehill
Montgomery Way
Rosehill Eslale
CARLISLE
CA12RW
P8ge 1

Friends of Carlisle Cathedral
Trustees. Report for the Year Ended 31 D8camber 2024
The financi81 ststements have been prepared in accordance with the accounting policies set out in the notes to
the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and
Reporting by Charities.. Statement of Reeommended Practice applicable lo ehartties preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Goveming documant
The charity is controlled by its governing document. a deed of tnjst which constitutes an unincorporated charity.
Organisational structure
The chaiity was established in 1934 and is governed by its Trust Deed.
The Trustees who acted during the year are shown above. Trustees are appointed by the board of Ihe Trustees
for an initial period of three years. Meetings usually take pla￿ four times a year.
Risk Assassment
The Trustees have reviewed the risks facing the charity, and are satisfied that there is no signtficant risk at
present. The Trustees will continue to monilor this area.
OBJECTIVES AND ACTIVITIES
Objeclives and aims
The charitys objectsves are set out in its governing document and are as follows.,
{al To further such religious and other charitable wotks of Carlisle Cathedral as the Trust, 8fter consultation with
The Chapter of Carlisle Cathedral, shall deem appropriate.
Ibl To co-operate with The Chapter in beautifying and mainlaining the fabric, fittings, ornaments, books,
manuscripts. and vestments of and in Carlisle Cathedral, the Fratry and other Chapter buildings and grounds
within the Cathedral Close of Carlisle Cathedral in the Diocese of Carlisle.
(c) To assistThe Chapter in the maintenance of the music and SeNi￿S of the Cathedral.
(d) To 8sSlSt in the general maintenance of the Cathedral and other Chapter houses, buildings, and grounds
within the Cathedral Close.
In detennining these objectives, the Trustees have paid due regard to Charity Commission guidan￿ on public
benefit.
FINANCIAL REVIEW
Reserves
The Trustees also aim lo ensure the Trust maintains suffiaent reserves to meet ils pledges lo the Cathedral. At
Ihe year end, the charity had unrestricted reserves of £435,453 and free reserves of £43.194.
Surplus for the year
Overall, there has been a surplus for the year of £11,910 compared with a surplus of £6,742 in 2023.
Overall Income
Total income during 2024 amounted to £35,449 compared with £36.083 in 2023 as detailed in the Notes to the
Accounts. Legacies of £nil were re￿iVed in the year12023 - £nil)-
Page 2

Friends of Carlisle Cathedral
Trustees, Report for the Year Ended 31 December 2024
Grants to the Cathadrdl
The Trust awarded grants to the Cathedral during 2024 of£20,630 {2023.. £31,901). This was made up ofmusic
grants of £12,500 (2023.. £12,500), and fabric granls of £8,13012023'. £7,707112023.. £10.000 for computers and
£1,694 for a new clock)-
Assets
On 31 December 2024, the investment portfolio was valued at £600,506 {2023.' £612,150) and cash reserves
stood at £57,157 (2023.. £28,746). Although shares have proved to be a good long-temi investment, we
re¢ognise the need for a flexible investment strategy. With the advice of our financial advisors who operate on a
discretionary basis, we aim to protect the value of the capitsl by responding appropriately to changing conditions.
Post Balance Shaot Event8
There are no post balance sheet events to report.
FUTURE PLANS
The Trust is comtnitted to making a contribution during 2025 towards Cathedral Music of £12,500 and £5.000
towards the organ scholar.
Approved by the Trustees on 10 April 2025 and signed on their behalf by..
We
Page 3

Friends of Carlisle Cathedral
TNstees' Responsibilities in relatlon to the Financial Statements
The twstees are responsible for preparing the Trijstees, Report and the fi'nancial ststement5 in accordan￿ with
applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England and Wales requires the trustees lo prepa￿ finaricial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources of the charity for that period. In preparing these financial statements, the
Irustee5 are required lo..
select suitsble accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed. subject lo any material departures
disclosed and explained in the financial statements,. and
prepare the financial statements on the going concem basis unless it is inappropriate lo presume that the
charity will continue in business.
The trustees are responsible for keeping proper accounting records that disdose with reasonable accuracy ot
any lime the financial position of the charity and enable them to ensure that the financial statements comply wÉth
the Charities Act 2011 as amended by the Charities Act 2022, the Charity (Accounts and Reports) Regulations
and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4

Independent Auditors, Report to the Trustees of
Friends of Carlisle Cathedral
Opinion
We have audited the financial statements of Friends of Carlisle Cathedral for the year ended 31 December 2024.
set out on pages 8 10 16 which comprise the Statement of Financial Activities, the Balance Sheet and the related
note$. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Stsndard 102 (FRS 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 view of the state of the Charity's affairs as at 31 De￿mber 2024 and of its incoming
resourtss and application of resources, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
applicable to smaller entities., and
have been prepared in accordancewith the requirements of the Charities Act 2011.
Basls for opinion
We conduded our audit in accordance wth Intemational Stsndards on Auditing IUKI IISAS {UK)) and applicable
law. Our responsibilities under those standards are further descrtbed in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the Charity in accordance with the ethical
requirements that are relevant to our audit of the financtal stslemenls in the UK, in¢luding the FRC'S Ethical
Standard and we have fulfilled our other ethical responsibilities in accordan￿ with Ihese requirements. We
believe that the audit evidenee we have obtained is SLrfficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial statements, we have concluded that the truslees use of the going concern basis of
accounting in the preparation of the finan¢i81 ststements is appropriate.
Based on the work we have performed, we have not identthed any malerial uncertainties relating to events or
conditions that, individually or ¢ollectively, may cast significant doubt on the charity's ability to continue as 8 going
concern for 8 period of at least ￿e1ve months from when the original financial statements were aulhorised for
issue.
Our responsibilities and the responslbiliti8s of the trustees with respect to going concern are described in the
relevant sects'tsns of this report.
Other infomiation
The other information comprises the infomiation included in the annual report, including the trustees, reporL other
than the financial 8t8tements and our auditors, report thereon. The trustees are responsible for the other
information contained within the annual reporL Our opinion on the financia5 statements does not cover the other
information and, except to the e*(ent othemise explicitly ststed in our report, we do not express any fom) of
assurance conclusion thereon.
Our responsibility is to read the other infoTmation and, in doing so, consider whether the other information is
materially inconsistent with the financial statemenls or our knowledge obtained in the course of the audit, or
othe￿iSe appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misslatemenl in the financial
statements themselves. If, based on the worff we have performed, we con¢lude that there is a material
misstatement of this other information, we are required to reportthat fact.
We have nothing lo report in this regard.
Page 5

Independent Audltors. Report to the Trustees of
Friends of Carlisle Cathedral
. ¢on(inued
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and Its environment obtained in the course of the
audit, we have not identified m81erial misstatements in the trustees, report.
We have nothing to report in respect of the followng matters whare the Charitie5 IAc¢ounts and Reports)
Regul￿10n$ 2008 requiffts us lo report to you if, in our opinion..
the infomiation given in the Financial Statements Is inconsistent in any material respect with the Trustees,
Report" or
sufficient accounting records have not been kept,. or
the Financial Statements are not in agreement with the accounting records and returns.. or
we have not received all the infomation and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Tru5toes' Responsibilities Statsment set out on page 4, the trustees are
responsible for the preparation of the financial statements which give a true and fair view, and for such inlernal
control as the trustees determine is necessary to enable the preparalion of Financial Statements that are free
from material misslatemenl, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as
going COn￿M, disclosing, as applicable, matters rel*ed to going concern and using the going concern basis of
accounting unless the trustees either intend to liquidats the charity or to cease operations, or have no realistic
alternative but to do so.
Auditors. responsibilities for thg audit of the financial ststements
W8 have been appointed as auditors under section 144 of the Charities Act 2011 and report in acco¥dan¢e with
regulations made under section 154 of that Acl and relevant regulations made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance aboLrt whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that 8n audit conducted in
a¢cordance with ISAS IUKI will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they
could reasonably be expected lo influence the economic deusions of users taken on the basis of these financial
statements.
We identify and assess the risks of material misstatement of the finanaal statements, whether due to fraud or
error, and then design and perform audit prO￿dureS responsive to those risks, including obtaining audit evidence
that 1$ suffiaent and appropriate lo provide a basis for our opinion.
In identifying and assessing risk of material misststement in respect of irregularities, including fraud and
nOn￿OMplI8n￿ with laws and regulations, we considered the following..
results of our enquiries of management about their own identification and assessment of the risks of
irregularities-
any matters we identified having obtained and reviewed the ch8tity's documentation of their policies and
procedures relating to..
idenlifying, evaluating and complying with laws and regualtions and whether they are aware any instances
of non-compliance.,
detecting and responding lo risks of fraud and whether they have any knowledge of any actual, suspected
or alleged fraud..
the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.,
the matters discussed among the audit team regarding how and where fmud Might occur in the financial
statements and any potential indicators of fraud.
Page 6

Independent Audffitors. Roport to the Trustees of
Friends of Carlisle Cathedral
. continued
As a result of these procedures, we considered the opportunities and incentives that may extst within the
organisation for fraud and identified the greatest potential for fraud to be in relation to management overrido
which, in common with all audils under ISAS {UK>, we are required lo perform specific procedures to respond to
this risk.
We also obtained an understanding of the legal and regulatory framewod( that Charity operates in, focusing on
provisions of those laws and regulations that had a direct effect on the detemiination of material amounts and
disdosures in the financial statements. The key laws and regulations considered in thi$ context included the
Charities Act 2011.
As a result of performing 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-complianc* wth laws and regulations.
In addition, lo Ihe above, our procedures to respond to risks identified the following..
reviewing the financial ststements disclosures and tesling to supporting documentation to assess compliance
with promsions of relevant laws and regulations described as having a direct effect on the financial statements,.
enquiring of the trustees con¢eming actual and potenlial litigation daims.,
perfoming analytical procedures to identify any unusual or unexpe¢ted relationship5 that may indicate risks of
malerial misstatement due to fraud.,
reading minutes of meetings of those charged with govemance" and
in addressing the risk of fraud Ihrough management override of controls, testing the appropriateness of joumal
entries and other adjustments., assessing whether Ihe judgements madè in making accounting estimales are
indicative of potential bias- and evaluating the rationale of any significant transactions thal are unusual or outside
the nomi81 course of the charity's work.
We also communicated relevant identified laws and regulations and potential fraud risk to all engagement team
members and remained alert to any indications of fraud or non-complian￿ with laws and regulations throughout
the audiL
Use of our report
This report is made solely to the charity's trustees. as a body, in acc4)rdance with The Charities Ad 2011. Our
audit work has been undertaken so that we might state to the trustees those matters we are required to state to
Ihem in an auditorfs report and for no other purpose. To the fullest extent permitled by law, we do not accept or
assume responsibility lo anyone other than the charity's trustees as 8 body, for our audit work, for this report, or
for the opinions we have fomed.
Our objectives 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 lo issue an audiloffs report that includes our
opinion. Reasonable assurance is a high level of assuran￿. but is not a guarantee that an audit conducted in
accordance wth ISAS IUKI will always detect a material misstatement when it e￿Sts. Misstatements Can arise
from fraud or error and are considered material if, individually or in aggregate, they CLsuld reasonably be expected
to infiuence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the finanual statements is lo¢ated on the Financial
Reporting Council's website at.. wm.frc.org.uklauditorsreponsibilities. This description forms part of our auditors
r¢port.
/a/ [ AJ/ i.ij
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA12RW
Dodd & Co Audit Limited
Chartered Accountants & Registered Auditors
10 April 2025
Dodd & Co Audit Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006
Page 7

Friends of Carlisle Cathedral
Statement of Financial Activities for the Year Ended 31 December 2024
Unrestrictgd Endowment Totsl Funds Totsl Fund8
Funds
Funds
2024
2023
Note
Incom•
Donations and legacies
Investments
7,807
27,642
35,449
7,807
27,642
35,449
9,742
26,341
Total income
36.083
Expendlture
Charitable activities
29,517
29.517
29,517
29.517
40.638
Total expenditure
40,638
ExrEss of expenditure Dver Incame
5,932
5,932
{4,555)
Gainslllossesl on investment assets
1,950
4,028
5,978
11,297
Net incomel{eypendilure)
7,882
4,028
11,910
6,742
Transfers
Transfers be￿een fund5
1,391
(1,3911
Net movemenl in ftjnds
9,273
2,637
11,910
6,742
Reconciliation of funds
Total funds brought forward
Total funds carried forward
426,180
435.453
211,907
214,544
638,087
649,997
631,345
638,087
The notes on pages 10 to 17 form an integral part of these financial statements.
Page 8

Friends of Carfisle Cathedral
Balance Sheet as at 31 Decemb8r 2024
2024
2023
Note
Fixed assets
Investments
600,506
612,150
Current assets
Debtors and prepayments
Cash at bank and in hand
10
603
57,157
57,760
1,809
28,746
30,555
Cr•ditopJ: Amounts falling due wtthin
one year
11
{8,2691
{4,6181
Net current assets
49,491
25,937
Net assets
649,997
638,087
The funds of tho charity:
Endowmont funds
214,544
211,907
Unrestricted funds
Unrestricted income funds
435,453
428.180
Totsl charityfunds
649,997
638.087
The financial statements have been prepared in accordance with the Financial Reporting Stsndard applicable in
the UK and Republic of Ireland {FRS 102).
Appr
d by the Board on 10 April 2025 and signed on its behalf by..
M Pearson
Trustee
J Wesloll
Trustee
The notes on pages 10 to 16 fomi an intsgral part of these financial statements.
Page g

Friends of Carlisle Cathedral
Notes to the Financial Statements for the Year Endad 31 Dacamber 2024
Accountlng policie8
Statement of compliancè
The accounts (financial statements) have been prepared under the histori¢al cost convention wth items
recognised at cost or transaction value unless othetwise stated in the relevant notels) to these accounls.
The financial statements have been prepared in accordance wlh the second editian of the Charities
Statement of ReGommended Practice issued in Odober 2019, the Financial Reporting Standard applicable
in the United Kingdom and Republic of Ireland {FRS 1021 and the Charities Act 2011 as amended by the
Charities A¢t 2022.
The accounts Ifinancial ststements} have been prepared to give a 'true and faiv wew and have departed
from the Charities (Accounts and Reports) Regulalions 2008 only to the extent required to provide a 'lrue
and fair view. This d6parture has involved following Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland
{FRS 1021 rather than the Accour)ling and Reporting by Charities'.Statement of Recommended Practice
¢ffe¢tive from 1 April 2005 which has Sin￿ been withdrawn.
Basis of preparation
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
reeognised al historical cost or transadion value unless otherwise stated in the relevant accountin9 policy
noles.
Going ¢on¢•m
These financial statements have been prepared on a goino concem basis.
Fund a¢¢ounting pollcy
Unrestricted income funds are general funds that are available for use at the trustees, discretion in
fijrtherance of the objectives of the charity.
Further detsils of each fund aTe disclosed in note 13.
Income and endowments
Donations and legacies are recognised where there is entitlement. probability of receipt and the amount can
be measured wth sufficient reliability.
Income from Government and other grants, whether'capital, grants or'revenue, grants, is recognised when
the charity has entitlement to the funds, any performance conditions attached to the gran15 have been met,
il is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income from tsx reclaims are included in the statement of financ4al activities at the same time as the gift to
which they relate.
Investment in¢om$ is re¢ognised on a receivable basis.
Page 10

Friends of Carlisle Cathedral
Notos to thè Financial Statements for the Yèar Ended 31 December 2024
. continued
Expenditure
Liabilities are recognised as soon as there is a legal or constructive obligation comrnitting the charity to the
expenditure. Ml expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs related lo the calegory.
Charitable expenditure comprises those costs illCUTred by the charity in the delivery Df its aclimties and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature ne￿ssary to support them.
Grants payable are payments made to third parties in the furtherance of the charitable objectives. Where
the charity gives a grant with condition5 for its payment being a specific level of seNice or output to be
provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the
specific service or output.
Grants payable without performanc8 conditions are only recognised in the accounts when a commitment
has been made and there are no conditions to be met relating to the grant which remain in the control of the
charity.
Provisions for grants are made when the intention to make a grant has been communicated to the recipient
bLrt th6re is uncertainty about either the timing of the grant or the amount of grant payable.
Support costs
Support costs include central functions and have been allocated lo activity cost categories on a basis
consistent with the use of resources. for example. allocating propety Costs by floor areas, or per capita,
staff Costs by the time spent and other costs by their usage.
Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Investments
Fixed asset investments are included at rna￿et value at the balance sheet date.
Realised gains and losses on investrnents are calculated as the differen￿ be￿een sales proceeds and
their market value at the start of the year, or their subsequent cost. and are charged or credited to the
statement of the financial activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or
charged lo the statement of financial actsvities based on the market value al the year end.
Donations and lègaci•$
Unrestricted Endowmgnt Totsl Funds Total Funds
Funds
Funds
2024
2023
Donations and legacies
Appeals and donations
Gift Aid lax reclaimed
Subscriptions
298
1,616
5.893
7,807
298
1,616
5,893
7,807
3,706
603
5,433
9,742
Page11

Friends of Carlisle Cathedral
Notes to the Financial Statemonts for the Year Ended 31 December 2024
. confinued
All of the donations and legacies income in 2023 related to unrestricted funds.
Invesljnent income
Unrestricted Endowment Totsl Funds Totsl Funds
Funds
Funds
2024
2023
Interest on cash deposits
Income from other investments
453
27,189
453
27,189
232
26,109
27.642
27,642
26,341
All of the investment income in 2023 related to unrestricied funds.
Expenditure
Fviènds of
Carlisle
Cathedral
Total
2024
Total
2023
Direct costs
Grants payable- institutions
Management of investrnents
20.630
4,086
24,716
20,630
4,086
24,716
31.901
4,284
36,185
Support costs
Computer software and maintenance costs
Printing, postage and stationery
Sundry expenses
Accountancy fees
The audit of the charitrfs annual accounts
Bank charges
355
393
342
2,006
1,638
67
4,801
355
393
342
2,006
1,638
67
4,801
144
917
770
992
1,560
70
4.453
29,517
29,517
40,638
All of the expenditu￿ in 2023 related to unrestricled funds.
Grants to institutions
Name of Institution
Activity
Cadisle Cathedral
Support Cathedral objectives and activities
20,630
Page 12

Friends of Carllsle Cathedral
Notes to th8 Financial Statements for the Year Ended 31 December 2024
. continued
Governance costs
2024
2023
Accountancy fees
Audit fees
2,006
1,638
3,644
992
1,560
2,552
Tru¥tee8' remuneration and expen8e8
No truste6s received any remuneration or expenses during the year.
Taxation
The registered thority is exempt from taxation on income and gains.
Investments held as fixed assots
L18ted
Inveslments
Markot value
As at 1 January 2024
Revaluation
Additions
Disp08als
As at 31 December 2024
612,150
5,978
11,330
128,9521
600,5Q6
Net book value
As at 31 December 2024
As at 31 De￿rnber 2023
600,506
612.150
All investment assets were held in the UK.
10 Debtors and prepaymants
2024
2023
Other debtors
603
1,809
Page 13

Friends of Carlisle Cathedral
Notes to the Financial Statements for the Year Ended 31 December 2024
. ¢onlinu8d
11 Creditors: Amounts falling due within one year
2024
2023
Other creditors
8,269
4.618
12 Related partles
Controlling entity
The ¢harity is controlled by the trustees.
Related party transactions
DuTing ihe year grants were made to Chapter of Carlisle Cathedral of £20,63012023- £31,901).
13 Analysis of funds
Other
recogni$•d
gain811osse
Atl
January
2024
At31
December
2024
Incoming Ro$oure8s
resources
expended Transfers
General Fund8
Unrestricled
income fund
426,180
35,449
129,517)
1,391
1,950
435,453
Permanent
Endowment
Kemble-Dibble
Bequest
211,907
{1,391)
4,028
214,544
638,087
35,449
129.5171
5,978
649,997
General Funds the general funds receive investment income and are used lo pay out grants lo Carlisle
Cathedral.
Kemble-Dibble Bequest
cathedral fabr¢c.
income from the pemianent endowment Is restricted lo maintenance of the
Page 14

Friends of Carlisle Cathedral
Notes to th8 Financial Statements for the Year Ended 31 December 2024
. continued
Prior period
Other
recognised
galnsllo$$è
Atl
January
2023
Incoming Re80vrees
resource8
expended
At31
December
2023
Transfors
General Fund8
Unrestricted income
fund
425,075
36,083
(40.6381
979
4,681
426,180
Pennanent Endowment
Kemble- Dibble
Bequest
206,270
(9791
6.616
211,907
631,345
36,083
{40,6381
11,297
638,087
14 Transfers
Transfers relate to restricted dividends transferred lo unrestricted fvnds, in line with the temis of the
endowment.
15 Netassets by fund
Unrestricted
Funds
Endowment
Funds
Total Funds
2024
Totsl Funds
2023
Investments
Current assets
Creditors.. Amounts falling due
thin one year
Net assets
392,259
54,860
208,247
6,297
600,506
57,760
612,150
30.555
{11.666)
435,453
18.2691
649,997
{4.6181
638.087
214,544
Page 15

Friends of Carlisle Cathedral
Notes to the Financial Statements for the Year Ended 31 December 2024
. continuad
Prior period
Unrestrictsd
Funds
Endowment
Funds
Total Funds
2023
Total Funds
2022
Investments
Current assets
Creditors.. Amounts falling due
within one year
Net assets
403,143
27.655
14,618)
426,180
209.007
2,900
612,150
30,555
14,6181
605.264
31,822
(5,7411
631,345
211.907
638,087
Page 16