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 f*nancial 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 Int8rr*alional 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: 

- the information 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 information and explanations we require for our audit. 

## **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; 

- 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 charity's documentation of their policies and procedures relating to: 

- identifying, evaluating and complying with laws and regulations and whether they are aware any instances of non-compliance; 

- detecting and responding to 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 fraud might occur in the financial statements and any potential indicators of fraud. 

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 whE*n
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