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2025-12-31-accounts

Friends of Carlisle Cathedral Reglstrktlon number: 1023693 Annual Report and Financial Statements 31 December 2025 dOdd&co

Frlènds of Carllsle Cathedral Contents Referenc8 and Adtninistrative Oetalls Trustees. repori Trustees, responsibilities Independent auditors, fepDrl Stslement ol finBncial aCtI￿t￿e$ Balance sheet Notes lo the finan¢ial slaternenls 10

Friends of Carlisle Cathedral

Reference and Administrative Details

Charity name Friends of Carlisle Cathedral
Charity registration number 1023693
Principal office Cathedral Office
West Walls
CARLISLE
CA3 8UF
Registered office Cathedral Office
West Walls
CARLISLE
CA3 8UF
Trustees J Westoll, Chair
M Reeves, Hon Secretary
R D Platt, Hon Treasurer
D B Armstrong (Resigned 16 February 2025)
J Churchill
K Gordon
K A M Graham
J Johnson (Resigned 9 January 2025)
R K Mann
W D Paterson
M Pearson
D Stobart
J Crossley (Appointed 22 June 2025)
Bankers HSBC Plc
29 English Street
CARLISLE
CA3 8JT
Auditor Dodd & Co Audit Limited
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

Page 1

Frlends of Carllsle Cathedral Trustees. Report for the Year Ended 31 DèeembÈr 2025 The flnanolal slalernenls have b&en prepared in ac¢ordan¢6 wlih th8 accounting polkies set out In the notes to the accounts Gomply wilh th8 eharilW$ governing doGum8nl, Ihe ChaTillg8 Act 2011 and Ac¢ountin9 and Reporting by Charitie5.' Slalem8nt of Recommended Pr3ctice applic8blc lo charilies preparing their accounts in ac¢ordan¢e with the Financial R8poriing Standard applicable in the UK and Republi¢ ol Ireland. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The ¢hadty1s Golltrolled by ils governing document, a deed ol trust which ￿nStItut&S an unlnc(wporated charity. Organlsatlonal structur8 The charity Wds eslablish6d in 1934 and is governed by its Trus1 D88d. The Trust&&s who aclÈd during the year a￿ shown 8bov8. Trustees are appolnted by the board of the Trusloes for an initial period ol three ye£irs. Meetill9s usually taka place four limes a year. Rlsk As$essment The Trustees have revlewed the r*sk$ laclng the ¢harlly, anos are Satisfied that th6re Is no signifi'¢anl rfsk al present. The Trustees will continue to monitor Ihis aiea. OBJECTIVES AND ACTIVITIES Oblectlves and alms Thg ¢harily's obJe¢tlves set out in its go￿rnIng do¢umenl and are a$ follows.. lal To further such religious and other ¢harltsbl8 works ol Carfisle Cathedral as the Trust, after Gon$ullatloii wlth The Chapter of Carlisle Cathedral. shall deem appropriate. Ibl To co-operate ￿1th Th& Chapter in beaulilying and maintainin9 th& fabric, filtings, ornamenls, books. manvs¢rip15. and vestments ol 8nd in Caflisle Cathedral, Ihg Fralry and other Chaptèr buiklitvjs and gro￿[xIS wlthin the Calhedral Close ol C8rlisle CalhedrBI in the Oiocese of Carlisla. (el To a$$i$t The Chap18r in the maln18nanGè of the tnusic 3nd seiwces of th6 Cathedr81, Idl To asslst th8 gen8ral rnaintanan¢e of the Cathedral snd Olh8r Chapter houses, bultdlngs, and grounds thln the C3lhedr£l Close. In delermining these obje¢lSves, the Tru5tee8 have pald du8 regard to Chariiy Commls$lon guldance on public benefll. FINANCIAL REVIEW Resetves The Trustee5 8180 aim to ensure the Trust maintains suffici@nl r&seNes lo meet Its pledges lo the Cathedial. Al the year etKI, the charity had unres1￿¢1ed ￿serveS of £476,339 and free res&rves of E37,416. Surplus for thg yoar erall. th0￿ has been a suWus for Ih@ year of£65.817 cornpa￿d with a surplu5 of £6,919 in 2024. Overall InGome Total In¢ome during 2025 8mounled to £40,434'¢ornpa￿d wllh £35,449'in 2024 a8 d8tail8d in IhÈ Noles to the Accounts. Legacies of £3,000 wete received in the year12024- £nill. PagB 2

Frlends of Carllsle Cathedral Trustees, Report for the Year Ended 31 Decembor 2025 Grants to the Cath•dYal The Trusl awarded grant8 to the Cathedral during 2025 of £27.71112024.. £25.6301. This was w8de up ol musi¢ gran1$ of £12,50012024'. £12,500), organ scholar grant of £7.000 12024.. £5,0001 and fabri¢ grants of £8,211 12024.. £8,130). As$et$ On 31 Oecember 2025, the Inve.slmenl portlolfo was valued at £868,52312024-. £600,508) and eash reserves stood 8t £75,104"12024.. E57,1571, Although shares have proved lo be a good long-term inveslmenl, w8 recogni5e thg neod for a flaxlble Investm8nt strategy. Wllh th8 ad￿ce ol oui financl218dvisors who operate on a discietionary tFasis, w8 aim Its prole¢t th8 value of the ¢apll81 by r8sponding approprla181y to changing conditions. Post Balan¢ts Sheet Events Therè I￿ ￿ post balance sheet evenls io r8port. FUTURE PLANS The Trust is commllled to maklng a CDnlrlbullon during 2026 towards Cathedral Muslo of £12.500. The Trust has 8150 commilled to underwrite up lo £200,000'lowards th8 f￿ndIng appeal lor thg organ refurblshmenl project. Approv8d by the Trust8es on 29 April 2028 8nd signed on Iheir behalf by.. e5t¢AI Trustee P8g8 3

Frlends of Carllsle Cathedral TN5tees' Responsibilities in relation to the Finan¢ial Statements The trustees 8re responsible for preparing the Truslee5' Report and th8 flnanoal 51atemenls In aGcordance with applicable law and United Kingdom Accounting Standard5. The law applicabl? lo charities in England and Wales ￿quIreS the trustees lo prepare financial slalements for eaGh finanGial year whiGh JIVÈ a true Ènd lair view of th& $181e of affairs ol Ihe ch8rily and of th8 incoming resources and appli¢alion ol resouKes of the charity lor that poriod. In preparing Ih&s8 financial slalom8nls, Ihg Irusiees are required lo.. 8e18Ct suitsble accounting policies and then apply them con8lStenlly'. observ8 Ihe m8thods and prtnclples In the Chaiities SORP., make judgements anoj estimales that 8re reasonable and prudenl., slate whelher 8ppli¢ablg 2¢counling slandaFds hav8 ￿en follow8d, subject lo any material departures dlsc108Èd and explainod in tho flnancial slaloments., and prepare the financial Slalements on the going eoncern basis unless it is Inappropriate to prgsume that lh8 charity will continue in busin85S. The Iruslè8s are responsiblè for k88plng proper 8ecounllng records Ih8t disc105e wllh reasonable 8ccuracy 31 any tim8 th8 financial position of the charily and 8nable Ih8m lo ensur8 Ihal th8 linancl8151atements eomply wilh the Charilies A¢1 2011 as amended by the Charllies A¢t 2Q22, the CharSly (Accounls Bnd Rgporlsl Regulations and Ihe provisions of Ihe trust deed. Th8y ar6 responsible lor safeguarding Ihe assets of the charity and hence for taking reasonabl6 steps for th6 pr6v6ntion and detection of fraud and olher irregtslarllie5. Page 4

IndepÈndent Audltors. Report to the Trustaos of Friends of Carlisle Cathgdral Opinion W8 hav8 sudiled the finan¢lal statements of Friends of Corllsle Cathedral for the year ended 31 Decemb&r 2025, set ovt on pages 8 10 17 whioh comprise the Slalemenl ol Financi41 Aclivilias, Ihe Balgncè Sh8et and tho relaled nolas. The financial ￿PortIng framework Ihal has been applt8d in thglr prgparalioTr is applicable law and United Kingdom Accounting Standard5, including Financial Reporting Standard 102 IFRS 1021 Th8 Ftnancial Standard applicable in the UK and Republic ol Ireland Iunlled lQngdom Generally Accspted Accounting Praclie81. In our opinlon the fnancial slal&ments.' giv8 a true and falr vlew ol th8 slal8 ol lh8 chxrilws 3ffalrs as 81 31 December 2025 and of ils incoming res0￿re&S and 8pplic8llon of r6sourcas, for tho year Ihen ended., have beett properly prepared in accordanc8 with United Kingdorn Generally Accepted AcGounling Practice applicable lo stnaller enlllies; and have been prapar&cl in a¢cordan¢a wilh th8 reouirem8nls of lh& Chariii6s Act 2011. Basi8 for opinion W& conduc18d our audit In Accordanc8 ￿1th Int8rralional Stand8rds on Audltlng IUKI IISAS IUKII 8nd applicablè law. Our responsibilities under those standards are further d88cribed in the Auditors, re5POll8ibililies for the audil of the financial slalemenls 5eclion of our report. We afe indepetldenl of Ihg Charity In accordancewilh the ethical r8quireFnenls Ihal are relevant to our audil of the financial stslements in Ihe UK, including thè FRC'S Èthical Standard and we have fulfilled our oth8r Èlhlcal respon5ibllilies in a¢cordan¢e kwth the88 r8quir8menls. We b&li&v8 Ihal Ihg audit evldenc8 W8 have oblalned is sufficient and appropriate to provide a basis for our opinion. Concluslon8 relatlng to golftg eoncern In audillng the flnandal 5t8temenl$, we have concluded that the trustees use of the going ¢on¢em basls of a¢counling in thè preparalion of the flnan¢ial statements Is appropriate. Based on the work we have perfom18d. we have not Identified any material un¢ertalntlès r8laling lo events or conditions that, individualFy or colleclively. may cast signilicanldoubl on thè charflws ability lo continue as a going concern for a period of at least twelve monlhs from whon the origlnal financial statements were authorised for iSStt8. Our r85ponsibllllies and Ihe respon8ibilitlgs of th? Iruslee3 wlth respacl to golng concem are desCrIb￿ In the relBvant Seclions of thi$ report. Other informatlon The other information comprises the information in¢luéed In the annual report, including the truslees. report, other than the financial sl8lemenls and our audilors, report Ihereon. The tru8t88s are responsible for the other nlormallon eonlained ￿thIn thè annual report. Our oplnlon on the financial sialemenls does nol cover the other inforrnalion and, axcÉpl to Ihe exlenl othethse &xpli¢iUy staled In our report. we clo nol express any ftsrm of assuranG8 conclusion th8rg0n. Our respoll5ibility is to read the other information and. In doing so. consid81 whether IhE other information is m8lerially inconslst8r*l wllh the flnEFIC181 st8t8ments or our knowledg8 obtain8d In the course of th8 audll. or otherwlse app6ars lo be matèilally rnisslat8d. If we Identify such mat8rial inconslstÈn¢lès or app8r8nt malerSal mlssl8lementS, W8 8r8 requird ¢0 determine whether Ihls glves rise to 8 material ml$$latemeni in the financ￿1 stslements Ihetnselves. If, based on the work w8 have perfortned, we conclude that there is a ma18ri21 misstatement ol this other information, we are required ID repoli Ihatfacl. We have nothing lo report in this regard. Pag8 S

Independent Auditors' Report to the Trustees of

Friends of Carlisle Cathedral

......... continued

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 material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement 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 internal control as the trustees determine is necessary to enable the preparation of Financial Statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act and relevant regulations made or having effect thereunder.

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 to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) 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 to influence the economic decisions of users taken on the basis of these financial statements.

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform 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 misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following;

Page 6

Independent Audltors. Report to the Trustee$ of Frlends of Carllsle Cathedral . conlinu8d As a resLIII of these procedures, we consldered the opporlunltles 8nd incentlves that may exist wlthln the organlsation for fraud and idenllfled lh8 orealesl pot8nllal for fraud to be In relation to manag9menl override which, in common with all audits und6r ISAS IUKI, we 8r& ￿QUIred ¢0 perform spacific procedures to fftspond lo We also oblalned an understanding of the legal and regul&lory framework that ch8dly operates in. lo¢using on provisions of those laws and regulallons thai had 8 dlrecl eftect on the del6rminatlon of rnaterial amounts and disclosures in the financial slalem8nls. Tho key laws and regulations considored in this ¢otilext iacluded the Charities Act 2011. As a result of performing Ihe above. in response lo the risks identified. we did not id&ntsfy any key 8udit rn&lt8rs rel8ted lo the potenl181 risk ol fraud or non-compliance wth laws 8nd reoulatlons. In additlon, lo the abov8, our procedures to respond lo rlsks ldeniifigd the followng.. reviewing the financial statements di$¢losure5 and tesllng lo supportlng docLomenlallon to assess compliance with provisions of relevant laws and regulation5 described as hawE)g a directefiect on the fin8ndal slatemenls., enquiring of the Iru51ee$ ¢on¢erning 2clual and pol8nlial Illlgation claims., perforrning analytical proce(lures to identify any unusual or unexpgcted relationships Ihat m8y indteate risks ol malerlal mi8slalement du8 to fraud., rea￿ing minutes of meelings of thos8 charged with governanc8'. and in addres8ing Ihe risk of fraud through man3gpmenl ov8rride of conlrols, lesling the appropriat8n8$s ol journal 8ntrles and olhgr adjustments., assesslng whether the lud9etnents made In maklng acroijnting g$llmale5 are indicalive of polenlial bia5,' 8*¥1 gvalu81ing thé ration81& of any slgnificanl Iraasaclion8 that are ￿UsUal Or outside the norrn81 course of lh8 charilws work. We 81s0 cornmuni¢aled rel8vanl identillod laws and ¥egulalions and polenttal fraud risk to all engagement leaffl members and rernalned alert to any Indications of fiaud or non.compliance wlth laws and regulations throughout the audit. Usé of our report Thls i&porl Is madg solely lo th8 charity's truste88, as a body, In accordance Mrith The CharFties Act 2011. Our audit work has be9n undertaken so that we might st8te to the Irusl88s those rnalters wè aT8 r8qvlred to slatè to (hem in an auditor's r8porl and for no other purpose. To the full8st extent permi118d by law, w8 dD not accept or assuine rgspon8ibllity to anyone other Ihan the charity's Irus1085 88 a body, for our audlt work, for thls report, or ror the opinions we have formed. Our objectives are to obtain re880nable a88uran¢e about bvhether IhFJ finan¢lal statements as a whole are free Irom material misslalemenl, whether Ilue to fraud or error. and lo Issue an auditor's report that includes our OPinlDn. R$asonabl8 assurance 18 a hlgh level ol assurance, but Is not a guarantee that an audit conducted In ac¢ord8n¢e with ISAS IUKI will always delecl a material missldlpmenl when Il exist5. MisstalÈments can arise from fraud or error and are ¢onsidered malfjrial if. individually or in aggregate, they could reasonably b8 expeclÈd to influefic& Ihe éGQllDmic d8¢lslon8 of us8r$ taken on the basis of thesg financi81 slaluments. A furthèr description ol our resptrnsibilib8s for tho auclil ol the finarFclal staternents 18 loeat6d on IhB Financtal R8porting Council's w$bsi18 at.. ww.fre.org,uklaudltorsrepon$lbllltl6s. Thls description forms part ol our auLlilor8 reporl. Dodd & Co Audit Limi18d Charlered A¢¢ountanls & R8glslered Ayditor5 2g April 2026 FIFTEEN RosehlH Muntgom8ry Way Rosehill Estate CARLISLE CA1 2RW Dodd & Co ALKlsl Limited15 81igiblg to ael as an auditor in ierms ol section 1212 of Ihfy Compan¢88 A¢1 2006 Page 7

Friends of CarlSsle Cathedral Statement of Financial Activities for the Year Ended 31 December 2025 As Rgstatod VrErestrloted Endowment Tolal Fund5 Total Funds Funds 2025 2024 Notè In¢ome Donations arKS Igg8cies Investments 7.B07 29,313 40,434 29,313 40,434 27,642 Total InGorne 35.449 Exponditure R*slng ftjnds CharilaNB aclivilies 3.744 3.744 33,647 37.391 4,086 33,647 37.391 30,431 To￿1 8¥pendilure 34,517 Excess of axpÈndilure over Inco 3.D43 3.043 932 Gainsll1055e51 on irweslmenl a%sels 41,994 20,780 62,774 5,978 Nel incomellexp8ndilurel 45.037 20,780 65,817 6,910 Transfers Transfer5 belwoen funds 849 18491 Nel M0￿ment in funds 45.886 19.931 65.817 6,910 Reconclllatlon Qf fund$ To181 funds btovghl foFward Tol81 lunds carried forward 430,403 476.339 214.544 234.475 644,997 710.814 638,087 644,997 The noles on pages 10 10 17 form an Inlryral parl of these financial slalemenis. PagÈ 8

Friends of Carllsle Cathedral Balance Shtet as at 31 December 2025 202S 2024 as fftstated Not8 Flxed assots Inv$stmentg 668,523 600,506 Curr8nf assgts Debtors and prepayments Cash at bank and in hatid 10 3,0 75,104 78.200 603 57,157 57,7eo Credltor5'. Amounts falllny duo wlthln ono year 135,9091 113.269) Net current a$$et$ 42,291 44,491 Net assets 710.814 644,997 The funds of the charity.. Endowmènt funds 234.475 214,$44 Unr£strlcted fund8 Unrestricted Incorno funds 476.339 430,453 Total ¢harity funds The finandal slaiern8nls have ￿en prepared in 8ccordanee with the Flnancial Raportlng Standard applicable in th8 UK and Republic ol Ireland IFRS 1021. 710,814 644,997 Approved by the Board on 29 April 2026 and $igned on ils behalf by., J WÈs1011 TYu81eg M Pearson Trustee Thg notes ot> pages 10 lo 17 form an integial parl DI these financial sla161nants. P8ge 9

Frlends of Carllsle Cathedral Notes to the Flnancial Slatements for the Year Ended 31 December 2025 Accountlng pollclEs Slatemont of compllance The accounts (financi81 slatem8ntsl hav( been pr8par8d under thè historic81 cost convention ¥vilh it&m$ recogr115ed at C051 or Iransaclion valua unles5 Oth8rwis8 stat8d in th8 r818vant nolelsl lo Ih8sÈ account$. The financial stslemenls hav& been prgpar8d In ac¢ordan¢& wllh the second edlllon of the Charilles Ststemenl of Recommended Pracll¢8 iSSU8d in October 2D19, the Flnanclal Reportlng Standard £pplicable in the Unil&d Kingdom and Republic af Ireland IFRS 1021 and the Charitks Act 2011 as amended by the Charitie5 Act 2022. The accounls Ifinancial stalemenlsl h&ve been pr8par8d lo give a 'lrue and lair. view and have departed from the Charities (Accounts and ReF>orlsl Regulalions 2UU8 only lo the axlenl required lo provide a 'lrue and fair view,. Thi5 departure has involved following Accounting and Reporiing by Charities preparing Iheir accounts in accord8nc8 with th8 Financial R8POrting Standard applicabl8 in lh8 UK and Republic of Ireland IFRS 1021 ralher than the Accounting and Reporting by Charilies.'Slatemenl ol Re¢omm¢nded Pr3¢1i¢e effective from 1 April 2005 which has slnce been withdrawn. Basls of pr8paratSon The charily m88ts the d8finit￿)n ol a publ1¢ b&nofi1 entlly und&r FRS 102. Assets and liabilili95 a￿ initially recognised at historical cosl or transaction valy8 unlgss olherwisg $ts18d In Ihe relevant a¢¢ounllng poli¢y notes. Golng co#cer# Th8se financi81 sl8lem8nis hav& bogn prepared on a golng concern basls. Fund accounting policy Unr&81iKled income funds are genefal funds that are available for use al the Irusleos, ¢Jiscr81ion in furlheran¢e ol the obleclives of the charity. Further d818i15 of each fund are dl$clo8ed in not8 13. Incomè and endowments Donations and lega¢ies are reGogniseL% where there is entillemenl. probability of receipt and the amounl can be measured wllh suftlcienl rellabilily. Incomo f¥om Cov8rnm8nl and other grants. whether '¢apilal' orants or'revenuo. grants. is re¢(NJtEiseil whEn the charily has enti118m8nl to Ihg funds, any perforTnance condltlons alla£hed to thE grants hav£ mpl, it15 prob8b18 that the income will be r￿ce￿ed 2nd the 2mouftt can be mÉ>astsred reliably and is nol défèrrÈrl. Incom8 from lax redalms are Included In Ihe statement ol flnanclal 3Ctlvilies at the satn8 Iitn8 as the gift to which they r8lat8. Inve51tTrenl incorne is reco9nised on a reeeiv2ble basia. Pag2 10

Frlends of Carllsle Cathedral Notes to the Finaneial Statèmènts for the Year Ended 31 December 202$ . conlinu8d Expendlture Liabilities ar¢ recognlsed as soon as Ihe¥e Is a legal or con8tructiv8 obligation committing the ch&rity to the èxpenditure. All expenditur& is a¢counled for on an accruals basis and has been classified under heaojings Ihal aggregate all costs related to the ¢alogory. Costs ol generatlng funds are investment managernent fees. Chaiitabl? expeTrdlture Gomprlses those Costs Incurred by Ihe charity in the dol￿ery of Its actI￿lIeS ond seivices lor its bpnefiGiarles. It Includes bolh costs Ihal can b8 allocatèd directly lo such aGIl￿tIeS and those costs ol an indire¢l nature ne¢essary lo support IhoTn. Grarils payable ar& payments made to Ihird partl8s in tho Fudheranc8 of th8 charitable obje¢lives. Where the eharily giv9$ a grant wth conrtitions for its paymettt being a specific level DI servicg Or output lo be provided, such gran1$ are only rg¢09ni$8d in th8 SOFA once the fecipienl ol the grant has provided the specifi¢ servSce or oulpul. Granis p8y8bl8 withou( performance conditlons are only recogTrisÈd in the accounts when a commilrn8nl has b8gn mad8 and there arè no conditlons io bo met relating lo the grant which remain In Ihe control of th8 ¢harlW. Provision5 for gr8nis a￿ tnade when the intention lo make a granl has been cornmunicaled to the recipient but Iheie is uncertainty about ellherthe Ilmlng of the granl or the 8mount of grdnl payable. Support C08ts Support costs Includ8 central functions and h8ve been allocated to a¢tlvlty cost ¢al8gorie8 on a basis ¢on3islonl wilh the use of resources, lor exa[￿￿e, allocating property costs by floor areas. or per capita, staff costs by the time spenl and other costs by their usage, Cash and Cash Equlvalonts Cash and cash equ1v818nts compris8 C85h on h8nd and call d&poslts, and oth8r $hort-18rm highly Ilquld Inv&slm8nt8 that are r8adily convertibl& to a known #mount of cash and are $uble¢l lo an 1nstgnir￿anI risk of chang8 in valu8. Investments Fixed asset investments are in¢lud8d 81 market value at the ba18nce sheet dale. Re3llsed gallls and lo$se$ on Investments ar8 calcula16d a5 the difference iketween sales procÈwls and their markèt value at Ihè start of the y8ar, or their sub5equont cost, and ale charged or ¢r8diled lo the slalgment of Ihe linancial activili8S Iti th8 P81iod of disposal. Unreall$ed gains and losses r8pres8nt the movement in market value5 durlng tho y&ar and are credlled or charged to th8 8talem8ntof fin8ncial aclivllle5 based on the maiket value al the year end. Prlor Perlod Restatement The charlty has restated the prior year credilors to indude 8 fulher amount due lor grants lo inslilulions. Tolal expendilurÈ last year has incrèased by £5,000 and cr8dilors hava also increased by £5,000. Prior year cornparatlves have been rÈslaled accordlngly lo ensur8 consisl8ncy vrilh thè current years pr8sentalion. Pag811

Frlends of Carllsle Cathedral Notes to the Flnancial Statements for the Year Ended 31 December 2025 Dtsnation8 and legatlÈÈ Unre$trict8d Endowmént Tolal Funds Total Fund5 FuTrds Fund$ 2025 2024 Donatiorn$ and logacles Legacie5 and b&qu&sl8 Appeals and donations Gift Ald lax reGIHlmod Subscriptions 3,000 273 2,493 5,355 3,000 273 2.493 5,355 298 1,616 5,893 7,807 All of the donation$ and legaaes income In 2024 relai8d to unrestricted funds. Investmnl inGorne Unrestricted Endowm•nt Total Fund$ Total Funds Funds Funds 2025 2024 Inl&r8sl on Cash dep)sils Incom8 from olher Investments 530 28,783 530 28,783 453 27,189 29.313 29,313 27.642 All ol the Inveslm6nl income in 2024 relaled lo unre$lriGted funds. Page 12

Frlends of Carl181• Calhedral Notes to the Financial Statements for the Year Ended 31 December 202S .. conlinusd Expendltur¢ Investm&nt income Friends of Carlisle Cathodral Total 2025 A$ Restated Tolal 2024 Direct costs Grants payable- inslitulion$ Manag8m8nl of inveslrnen15 27,711 27.711 3.744 31,455 25,630 4,086 29,716 3,744 3,744 27,711 Support £05ts Computer softW2r8 and maint8nancè costs Printing, poslago and slalionery Sundry expenses Accountancy fees Auditors rernuneiation 8ank charges 224 545 156 1,150 3,820 41 5,926 224 545 156 1.150 3.820 41 5,936 3SS 393 342 2.006 1,638 67 4.801 3.744 33,647 37,2gi 34,517 l of the expendliure In 2024 related to unrestricl¢d funds, Grants to Instltutlons Name of Instllutlon A¢tlvSty Carlisle Cathtdral Support Cathedral objectives and activitie8 27,711 Governanco ¢ts$t$ 2025 2024 Accountancy fees Audit f88s 1,150 3.820 4,970 2,006 1,638 3,844 TruslEes' remuneratlon and exponses No trustees re¢elved any remyneration or expgns88 csuring th8 yèar. Taxatlon The rEgislered charity is pxempl from 18xalion on income and gains. Page 13

FYlend5 of Carflsle Cathedral Notes to the Financlal Slatèmèrtts for the Year Ended 31 Decemb8r 2025 conlinu8d Investments hel(l as flxed assets L5sted Investmenls Market vslue As al 1 January 2025 Revaluation Arjdilions Dispos81s As al 31 Decetnber 2025 800,506 62,774 86.197 180,9541 668.523 Net book value As al 31 Decefflber 2025 As al 31 Decembèr 2024 6fj8,523 600.506 All Inves1rn8nl assels We￿ held in the UK. 10 Debtors and prepayTnents 2025 2024 as re51ated Othè¥ debtors 3,096 603 11 ¢redltor$: Amounts falling due within one year 2025 2024 as reslated Other creditors 35.909 13,269 Page 14

Frlends of Carlisle Cathedral Notès to the Flnanclal Statements for th8 Y8ar Ended 31 December 2025 continuoil 12 Related partoes Controlllng entSty The charlly 18 conlmlled by the Irus18&S. Related partytrans8tttl¢>n$ During the yaar giants were made to Chapter Of Carfisle Cathèdral of £27,71112024- £25.6301. 13 Analy81s of funds A$ Restated At1 January 2025 Other recognlsed g8lnsllos$o At31 De¢omber 2025 Incomlng rg$our¢•s Resources expendod rrans18rs General Fund5 Unrestricted incom& fund 430.453 40.434 137.3911 849 41,994 476,339 Permanent Endowment Kemble-DibbJe 8equesl 214.544 18491 20.780 234,475 644,9g7 40,434 137.3911 62,774 710,814 Genoral Funds - the gefteral funds ¥ecelve inve51menl income and ar8 US8d lo pay out grants to Carllsle Cathedral. Kemble-Dibble Boquest . Income trom the pem13nent gndowmenl Is r&strict8d lo malntenancg of (he cathedr21 fabrlc. Pape 15

Frlends of Carllsle Cathèdral Notes to the Financial Statemènts for thè Year Endtsd 31 December 2025 Prlor period Other rècognlsed 9ainsllos88 A11 January 2024 Incomlng R850UTCOS resoure85 oxponded At31 Tran$fers December 2024 General Fund5 Unrestricted Income lund 426.180 35,449 134,5171 1,391 1.950 420,453 Permanent Endowment Kernble- Dibble Bequest 211,907 11.3911 4,028 214,544 638.087 35,449 134.5171 5,978 644.997 14 Tran$f¢r$ Transfers relate lo reslrlclpd dlvldends Iransf6rred lo unrestricled funds, in Ilne wSlh the tem)$ ol Ihe efKltswrnent. 15 Net assets by fund As Restated Total Funds 2024 Unrestrfjcted Funds Endowment Fund5 Total Funds 202S Investments Currenl assÈls Credllors.. Arnounls falling due within one year Nel a$sel$ 438.923 73.325 229,600 4,875 668,523 78,200 eOO,506 57,760 135,9091 476,339 135,9091 710,814 113.2691 644,997 234,475 Page 16

Frlènds of Carllsle Cathédral Notès to the Financlal StstèmÈnts for the Year Ended 31 December 2025 continued Prlor perlod Unro$trlclod Funds Endowment Funds Totsl Funds 2024 Total Funds 2023 Inve$tm8nts Curr?nl assgls C￿dI10rS- Amounts lalllng (Sue within one yèar Nel assets 392,259 51,463 113,2691 430,453 208.247 6,297 eoo,506 57,760 113,2691 544.997 612,150 30,555 14,6181 638,087 214,544 Pag8 17