REGISTERED CHARITY NUMBER: 1039131
The Frlends of Southwell Cathedral
Report ol th8 TfUStee8 and
Unaudlled Flnan¢lal Slatemonl$
for Ihe Year Ended 31 December 2024
Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
Wesl Bridgtord
Nottinghamshire
NG2 6AB

The Frlends of Soulhwell Cathedral
Contents of the Financial Statements
lor the Year Ended 31 December 2024
Page
Reference and Admlnlslrallve Detalls
Report of the Trustees
Indopondont Examiner's Report
Statement ol Flnanclal Acllvltles
B8lanco Sheet
Noles to the Flnan¢S0l Statements
9 to 14
Detalled Stalemenl of Flnanclal Actlvltles
15 to 16

The Frlend5 Ot Soulhwell Cathedral
Reference and Administrative Detai18
for the Year Ended 31 December 2024
TRUSTEES
The Right Reverend Paul Williams- Bishop of
Soulhwell and Nottingham - President
Mr C G Leggatt- Chairman and Editor of Pepperpots
Mrs A J Salter - Honorary Secretary
Mr Fl S W WIlsDn - Honorary TieasLJrer
Mrs M Waddington - Membership Secretary
Mrs P Rouse- Events Secretary
Mrs J Hodson - Appoinled by Diocesan Mothers. Union
Ms E Johnson
Mrs V Loughton
Canon E Rose
Mr A Todd
MEMBERS OF COUNCIL
EX OFFICIO, NON-VOTING
Representing ihe Cathedral Chapiar..
The Very Feverend Nicola Sullivan. Dean ot Southwell
luntil 29 September 20241
Mrs J Richardson MBE DL JP
PRINCIPAL ADDRESS
The Minster Office
Church Streel
Southwell
Noiiinghamshiie
NG25 OHD
REGISTERED CHARITY
NUMBEA
1039131
INDEPENDENT EXAMINER
Brooks Maytiek1 Limited
Chartered Accountants
12 Bridgtord Road
Wesl Bridgford
Nottinghamshiro
NG2 6AB
BANKERS
National Wesiminster plc
Newark IA} Branch
1 Markel Place
Newat*
NG24 1 DY
Page 1

The Friends of Soulhwell Cathedral
Report of the Trustees
for the Year Ended 31 December 2024
The Council ol the Friends of Soulhwell Cathedral is pleased to present its report for the y8ar ended 31st
December 2024. The trustees who served during the year and up to the date of this report are set out above.
OBJECTIVES AND ACTIVITIES
Oblectlves and alms
The Friends of Soulhwell Cathedral exist to bind together all those who love the Cathedral Church and who
desi￿ lo help In preserving for posterrty the fabric ot this ancient and historic building, in maintaining public
worship therein and enhancing its adornmenl.
The Counal has kepi in mlnd the Chamy Commissioners. guidance on putlic benefit. The locus of The
Friends, activities ￿MaInS the fulfilment of the objgcts of the charity for the benefit of the Calhedral, which
welcomes everyone withoui reslriclion. Membership of The Friends is open to all. subject to a subscription.
the amount of which is at the discretlon ot the member.
ACHIEVEMENT AND PERFORMANCE
The Friends have enjoyed a year during which there have been trwo outings, two most interesting lectures
and the Feslival and Annual General Meebng.
Our firsl outing ol the year in May. and organised by Pauline Rouse, was to Wentworth Woodhouse, near
Rotherham. Wenlworth is a magnrficeni palati￿ building and one of the great houses in England. Sadly,
owing to death dulles: the house has been stripped of all its beauliful IufnitLJre and works ol arl It is now
being resloffjd 10 ils fonner glory which will lake several years.
In September we visited WinieftK)urne House and Gardens in Edgbaslon, which is part Df BiTmingham
Univetsity. We enjoyed a guided lour around the gardens and after lunch there was time to explore the Arts
arKJ Crafts house.
Our Festival ar￿ Annual General Meeting on 81h June was, as ever, a tull and happy day. Our speaker was
Janet Gough OBE, author of "Calhedral Treasures of England and Wales-, and a huge admirer ol the
Leaves ol Southwell.
The AGM look ￿ace In Ihe Stale Chamber followed by tea provideLI by Margarei Noble. Our preacher al
Evensong was the Fleverend William Thackray, a fonner Minster Vicar Choral.
At our Aulumn Chaimian's Reception, we enjoyed a fascinating talk on Nicholas Breakspear, tho only
English Pope, who reigned as Pope Adrian IV. This was given by R.A.J. Waddingham, who has published
book on the Pope, Margaret Noble once agaln gave us a speclal tea which was held in the Crossing.
We continue to support the Flower and Needlework Guilcls and are particulafly pleased to have helped fund
lh8 making of thg new Rose Vestm8nts which were WOTn lor the lirst time on the third Sunday of Advent.
Through earlier grants, our support lor the Quire Organ Repair Fund. the Organ Scholarship and the Milo
Chorister Appe& continued to benefit the Music Foundation.
We supported a verger posi. as well as thai ol the pan-lime groundsman. Additionally, we swnsored two
monlhs of the year-long 'Cathedral 140. exhibition. marking the anniversary of the Minster becoming a
cathedral. We met the cost of the conservation of thè Victorian pr￿esSIOnal banner and await hearing Irom
Chapier as lo its Oisplay. We are discussing olher projects wlh Chapter, including the conservation, better
display and interpr6taiion ol the 'Headless Cleric, in the south quire aisle. During the year under review, we
funde(l a conservation rewrt on this monument.
Our tsvice-yearty magazine, Pepperpols. edited by Charlie Leggatt was lull of mosl interesting articles. In
2024, we welcomed eighteen new Friends.
Page 2

The Friends of Soulhwell C8lhedr81
Report ot the Truslees
for Ihe Year Ended 31 December 2024
ACHIEVEMENT AND PERFORMANCE
At our September meeting we said farewell lo Dean Nlcola who was retiring from the Minster a few days
later. Charlie Ihanked her for all the support she had given to the Friends, and h8 conlirmed Ihai, as is
customary. Council would like to offer her honorary life membership and to join Bishop Paul Butler and Oean
Emeritus John Guille as one ot our honorary VKe.Presidents. She was presented with a pair of Mins18r
engraved glasses and a bouquet of flowers.
We always welcome new Friends and there are copies of our leaflet and application forms In the Minsier, or
on our websile page www.southwellminsler.orgifriends or please contact Alison Salter through th8 Minster
Cenlre.
Once again, our thanks are due to everyone at Brooks Maylield Limited: our Independent Examinor, to
Rathbones, our investment advisers, to the Minslei slalf and 10 all our members for their continuing support.
FINANCIAL REVIEW
The Friends has 8njoy8d a financially and irKleed otherwise satisfying year with income reaching a total of
£161.620. Friends. subscriptions amounted to £9,887: continuing the yoarly upward trend perhaps to
inlinily_-soon. Investment income from our unit trust with Rathbones was slightly below lasi years at
£16,31212023.' £16,453). The CBF Investment Fund paying iricome came in al £62912023.. £6201. Interest
on the CBF Deposit Fund very ntcely reached £7.90812023: £20201, based on relatively high inierest rates
and the availability ol money, surplus for Ihe time being from legacies and donations. b8ing quickly
transferred to Ihat Fund.
Income tax recovered on gift aided subscriptions and donations of £2,941, including £36 01 interest added,
was received from HMFIC. Thls remalns a valuable source of exlra income as 25p in every £ subscribed
and donaied can be reclaimed. All members are invited lo sign up to gift-aid, M8mb8rs certily by means of
a Grft- Aid forrn that the subscript4ons and Oonalions paid are trom income net of tax paid and the tax lon that
income anivor Capital Gains} is at least sufficient to cover the lax we redaim. Advice on this process, if
needed, can be obtained from the Treasur81 or the Membership Secretary.
We were remembered in the Wills of four lormor members and honoured to receive the most generous
legacies amounting in total to £111.577. Generous donations were also received in the year from twelve
people. Some donations were specifically earmarked 10 help fund Pepperpots. ils professional design cost.
printing cost and high postage cost. Coumcil greatly appreciates and thanks all members for Ihe various
ways in which they support The Friends VK)rk.
For the first lime in 2024, the 'Events' activty was absorbed into the mainstream of The Friends. The
transfer of the bank account ti)ok place in April 2024. The Tfeasuref decided to keep separate the Events
financial figLJres wilhin the accounting records of the Friends as a Designated Fund. The Statements ot
Accounl tor 2024 therefore show a separate column for 'Events" headed "Desig."
Such a FurKI is
technically an unrestricted tund usable at the discretion of the Council. There is no separaie bank a￿LInt
kept for Events. Bookings income lor the two events in the year was £3.108 and costs were £2,900. There
was a surplus therefore of £208. The policy followed for 'Events' is one of aiming to cover costs.
Investrnent management charoes were up on 2023's cost at £1,515, a reflection ol the increased value of the
investment with Flathbjnes during the year. We conlinued lo support Ihe supert) work of the Flower and
Needlework Guilds wlh grants of £3:000 and £3,469 respectively. Frorn time lo time. we also pay for new
replacement workwear as needed tor the vergers and gardener and this year the cost was £479.
Page 3

The Friends ol Soulhwo11 Calhedral
Report of the Truslees
for the Year Ended 31 December 2024
FINANCIAL REVIEW
Council thought Tt appropriate, after careful conslderation armj noting a past similar occurrence, that Chapter
should helped wilh salary costs as a one-off arrar)gemenl We Iherelore tuncled a vergerfs and
gardener's costs with a £32.000 granl. The ireasurer arranged for the grant to be paid monthly in amounts
equal to the actual costs for the month_ Support began in April 2024. As at 31 st December 2024 wilh nine
months paid, £6,602 remains. enough lor nearly three more months.
We funded the £5,736 cost lo restore the Processional Banner, originally made in 1884 to mark the occasion
then when the Minsler became a Calhedral. We are commilled to provi(Jing up to £7,000 for a secure
display case lo be Slted in the Minster. W8 also decided to conlribule £2,000 towards two months costs of
the ' 140 Years as a Cathedral" Exhibition visitor event.
The mysterious statue with a grey look: pran8 in the South Ouire Aisle, was examined during the year for
possible restoration work. The survey report estimated at £1,000 came in at £900. The statue is very old
and made of alabaster. an expensive material and Ihereby indicating the person represented musl have
baen important. His identty is as yet unknown.
Pepperpots magnrficerxly continues to inlorm our members on a variety ol topics. Cr)sis amounted in total
to £4,731 for design and printing. The postag8 exponse has increaS￿j yearly and estimaled Ihis year al
£1,000 (2023. £9551.
The Annual G8neral Meeting cost in June 2024 of £451 compTiS8d a catering expense of £390 and lecturer
expenses of £61 . Costs of poslage were £1 ,031 (including an estimate of £1,000 tor Pepperpjis expected
as a recharge Irom th8 Mins',er Finance Office) and also recharge estimates for lelephone £125 and
stationery £9. These comprised the total of £1,165. £24 was charged by Shacklocks lor the bank Iransfef of
a leoacy.
The accountancy arKI inde￿ndant examiners 188 is low al £276, mostly because the provlsion in last year's
accounts for 2023 was too high and the actual bill was £324 lower. The treasurer has prepared Ihe 2024
accounts, so there will be only the examinalion lee to pay, lor which ho has made a provision.
The new computer and printer tK)ught for £1,189 in January 2024 is being depreciated over fwe years.
old and slow compuier in previous balance sheets al £1 was written off in Ihe year.
There wore unrealised gains Irorn our two invesiments - Rathbones at £40.838 and the CCLAICBF
inveslment al £519.
There was a net surplus including thai for the designated luncl of £154,396 in lotal. Capital unrestricted
funds brought lorward were £695,907 and hwlh lh8 nel surplus lor 2024, captal unreslricied funds carried
torward amounled lo £849,435.
The Balance Sheet analyses that capital sum Into Investments valued at £662,343 as at 31 st December
2024, being the Flaihbones irlveslment ai £639,151 and the CCLAICBF inveslmènt al £23,192. the new
computer equipment £951 net of 20Q/. depfecialion, investment income lo 31sl December 2024 due and
credited on 3rd January 2025 at £2.121, bank balances totalling £190.552. The other deblor £60 was a
deposll paid for tho event ￿anned lor 7th May 2025. The amount owwj lo creditors iotalled £5,725.
Our invesimenls are regulated according to Ihe ethical slandards of The Church ol England. We cA)nsislently
follow a p)licy ol carefully mainlaining our reserves sutticient lo provKle attordable and agreed funding io
Chapter and in the future.
Page 4

The Frlends ol Soulhwell Cathedral
Report ol the Trustees
for the Year Ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMEKr
The Council ol Trustees meets Ihr88 limes every year to agree the broad strategy and area5 of activty
including consideration of granl making to the Soulhwell Cathedral Chapter, financial review and reserves,
inveslmenl management, risk management, publicity an¢J performance. The day-to-day administration is
delegated lo the principal officers in particular the Chairman, Secretary. Treasurer. Membership Secretary,
and Evenls Secretary. All Council members, Including the principal officers, give their timo voluntarily and
receive no benefits. Trustee reimbursed expenses were £111.60 and are recorded in note 8 of the accounts.
Approved by order of the board ot trustees on 26 February 2025 and signed on its behalf by:
Mr C G Legga
- Trustee and Chairman
Mr R S W Wilson - Trustee and Honorary Treasurer
Page 5

Independent Examinerfs Report lo the Truslee8 of
The Friends of Southwell Cathedral
Independent examiner's report to the truslees of The Friends of Soulhwell C8thedral
I repon lo the charity trustees on my examinalion of the accounts of The Friends of Southwell Cathedral Ithe
Trust} for Ihe year ended 31 December 2024.
Responslbllllles and basls ol report
As the charity trustees of the Trust you are responsible for the preparation ol the accounts in accordance
with Ihe requirements of the Charities Act 2011 I'the Acl'l.
I report in respecl of my examination of the Trusl's accounts carried out under Section 145 01 the Acl and in
carrying out my examinalion I have followed all applicable Directions given by tha Charity Commission under
Section 145(51 Ib) ol Ihe Aci.
Independenl examlner's st8temenl
I have compleied my examinalicn. I confi'rm that no rnalerial matters have come to my attention In
connection with Ihe examination gi¥ing me cause lo believe that in any material rospect,.
accounting records were nol kept In respect of the Trust as required by Section 130 of the Act. or
the accounts do not accord wittt those records., or
the accounis do not comply wilh the applicable requirements concerning the lorm and content ol
accounls set out in Ihe Charities IAceounls and Reports) Regulations 2008 other than any
requirement that the accounts give a true and falr view which is not a matter considered as part ol an
independent examinalion.
I have no concerns and have come across no other matters in connection wth the examination to which
altention shovkl be drawn in this report in order to enable a proper understanding of the accounts 10 b8
reached.
William Oates BA FCA
8rooks Mayfield Limited
Chartered Accountants
12 8ridgford Road
West 8ridgtord
Nollingttamshire
NG2 6AB
26 February 2025
Page 6

The Friends of Soulhwoll Calh8dr81
Statement of Flnanclal Acllvllles
for Ihe Year Ended 31 December 2024
31.12.24
Total
funds
31.12.23
Total
funds
Unresiricied Designated
lund
fund
Notes
INCOME AND ENOOWMETrrrs FROM
Donations and18gacies
136,771
136,711
86.339
Charitable a¢iivltles
Events - bookings income
Events - bank account transfer
3,108
659
3,108
659
Inv8Stm8nl income
Tolal
161620
105432
EXPENDITURE ON
Raisin9 funds
7.411
7,411
6.688
Charllable actlvltles
Needlework Guild
Minster Flowers Guild
Vergers arid Gardenors Workwear
Organ Scholarship Donation
Hereford National Conference delegate fee
Milo Chorisler Appeal
Vergers and Gardeners salary SUPFY)rt
Restoration ot 1884 Procession Banner
140 Years Exhibition celebraling the
Minster as a Cathedral
Headless Cleric survey report costs
Minster Community meeting expense
support
Events costs
3,469
3,000
479
3,469
3,000
479
3,149
3,000
40,000
13,747
25,398
5,736
25,398
5,736
2,000
900
2,000
66
2,￿0
2,900
Other
990
Total
49,449
2,900
69.894
Net gains on investments
15.731
INCOME
153,528
867
154,395
51.269
RECONCILIATION OF FUNDS
Total fLJnds brought forward
695,907
695,907
644,638
TOTAL FUNDS CARRIED FORWARD
850,302
69S,907
The notes form part of Ihese financial statements
Page 7

The Frfends 01 Southwo11 Cathedral
Balance Sheel
31 December 2024
31.12.24
Tolal
lund8
31.12.23
Total
furKIs
Unreslricled Designaie
fund
fund
Notes
FIXED ASSETS
Tangible assets
Investments
951
951
10
620.986
663.294
663,294
620,987
CURRENT ASSETS
Deblors
Cash at bank
2,121
188,045
2,181
190,552
893
78.433
2,507
190,166
2,567
192,733
79,326
CREDITORS
Amounts talling due within one year
12
(4,025)
{1,7W)
(5,725)
(4,406)
NEf CURRENT ASSETS
186 141
867
TOTAL ASSETS LESS CURRENT
LIABILMES
849,435
867
850,302
695,907
NET ASSETS
849.435
867
850,302
695,907
FUNDS
Unfesiricled tunds
Designated funds
13
849,435
695.907
TOTAL FUNDS
850,302
695,907
The financial stalements were approved by the Board of Trustees arKI aulhorised for issue on
26 February 2025 and were signed on ils behall by:
Mr C G Leggatt - Trustee and Chairman
Mr R S W Wilson - Trustee and Honorary Treasuror
The notes form part of these financlal statements
Page 8

The Friends of Southwell Cathedr81
Noie810 lh8 Flnanclal Statemonls
for the Year Ended 31 December 2024
ACCOUNTING POLICIES
Basls of preparfng the flnanclal Siatements
The financial stalements of Ihe charity, which is a public benelit enlity under FRS 102, have been
prepared in accordanca with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities:
Slatemenl of Recommended Praclice applicable to chartties preparing their accounts in accordance
wrth the Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS 102)
ieffective 1 JanLJary 20191,, Financial Reporling Standard 102 The Financial Fleporting Standard
applicable in Ihe UK and Republic of Ireland, and Ihe Chamies Act 2011. The financial slatements
have been prepared under the historical cost convention, with the exception of investments which are
included al markèt value, as modified by the revaluation of certain assets.
Incomlng resources
All incoming resources are inclL2ded in the statement of financial activities whan the charity is 8nlitled
10 ihe income, and the amount can be qualified with reasonable accuracy. The following specifi'c
policies are applied to partj'cular categories of income:
Voluntary income is rec8iV8d by way ol grants, (kinations and gifts and Is Included in full in the
statemenl of financial activities when receivable. Grants where entitlement is not condrtional on the
delivery ot a speeitic performance by the charity, are recognised when the charty becomes
unconditionally entitled lo the grant.
Donated services arKI facilities are included at the value to the charity where this can be quantrfied.
The value ot ser4ices provlded by volunteers has not been Included.
Income from investments is included in the year in which it is receivable
Resources expended
Expenditure is recognised on an a￿rUal basis as a liability is incurred. Expenditure includes any VAT
whbch cannot be fully recovered and is reported as part of the expendilure lo which il relates.
Costs of generating lunds comprise the costs associaied with attrathing voluntary income and th8
costs ol trading lor fundraising purposes.
Charitable 8xponLfiture compris8S Ihose costs incurred by the charity in the delivery of ils activities
and services for ils beneficiaries. It includ8s both costs that can be allocated directly lo such activities
and those costs of an indirecl nalure necessary to support them.
Support cosls are those costs incurred directly in support of 8xpendFture on the objects ol the charty
and include projecl management.
Tangible fixed assels
Depreciation is provided at the tollowing annuai rates in order to write off each asset over ils
eslimated useful lrfe.
Computer equipmerrt
20Yts on cost
Taxatlon
The charily is ex8mpt from tax on Its charitable acllvities.
Investrnent3
Inv8Stmenls held as fixed assds are ￿VaLUed al mid-markel value al the balance sheet date and the
gain or loss taken to the Staleffient ot Financial Activities.
Page 9
continued...

The Frlends of Soulhwell Cathedral
Notes to Ihe Flnancl81 Sl8lements - contlnued
for the Year Ended 31 December 2024
DONATIONS AND LEGACIES
31.12.24
31.12.23
Oonations and legacies
Income tax recoverable
Subscriptions - Gift Aided
123,943
2,941
73.931
2.657
9,751
86.339
INVESTMENT INCOME
31.12.24
31.12.23
Incorne from UK listed investments
Bank inleresl - Central Board of Finance
Bank inleresl - Cenlral Board of Finance Unil Trust
16,312
7,908
629
16,453
2,020
620
INCOME FROM CHARITABLE ACTIVITIES
31.12.24
31.12.23
Actlvty
Olher Inco￿ from
charilabl8 activilies
Other income trom
charitable activilies
Evonts . bookings Ir￿Me
3.108
Events - bank account Iransler
659
RAISING FUNDS
Ralsing donallons and legacle8
31.12.24
31.12.23
IrNestmenl managernent fees
Support costs
1,515
1,402
5,286
7,411
6,688
Page 10
continued...

The Frlends of Soulhwell Calhedral
Notes to the Financial Statements- conllnued
for Ihe Year Ended 31 December 2024
CHARITABLE ACTIVITIES COSTS
Direcl
Costs (see
note 71
Needlewofk Guild
Minster Flowers Guild
Vergers and Gardeners Workwear
Vergers and Gardeners salary
SUPfK)rt
Restoration of 1884 Pr4KessK)n
Banner
140 Years ExhibFtion - c81ebrating
Ihe Minster as a Cathedral
Headless Cleric survey r8kx)rt costs
Minster Community meeting
expense support
Events costs
3,469
3,000
479
25.398
5,n6
2,000
66
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.12.24
31.12.23
Flower Guild
Needlework Guild
Vergers and Gardeners Wofkwear
Organ SchDlarship Donalion
Hereford National Conference delegate fee
Milo Chorister Appeal
Vergers and Gardeners salary support
Restoration of 1884 Procession
Banrier
140 Years Exhibition - celebrating the Minster as a Cathedral
Headless cleric survey report cost
Minster Community meeting expense support
Events costs
3,000
3,149
3,469
479
40.000
150
13.747
25,398
5,736
2,000
900
66
43.948
TRUSTEES. FIEMUNERATION AND BENEFITS
Ther8 were no Iruslees, remuneration or other benefits for the year ended 31 Decemb8r 2024 nor for
the year ended 31 December 2023,
Page11
continued..

The Frlends of Soulhwell Cathedral
Notes lo Ihe Flnanclal Slalemenls - contlnued
for the Year Ended 31 December 2024
TRUSTEES, REMUNERATION AND BENEFITS- contlnued
Trustees. expenses
Durfng the year Trustees were reimbursed a tOlaF ot £112 12023 - £145} for expenses they had
personally incurred.
TANGIBLE FIXED ASSETS
Compuier
equipment
COST
Al 1 January 2024
Addilions
Disposals
1,000
1,189
Al 31 Decernber 2024
DEPRECIATION
Al 1 January 2024
Charge for year
Eliminated on disF()sal
At 31 December 2024
NEf BOOK VALUE
Ai 31 December 2024
951
At 31 Decemb8r 2023
10. FIXED ASSET INVESTMENTS
Lisied
Investments
Valuation
MARKET VALUE
Al l January 2024
Revalualions
620,986
At 31 Decemb8r 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
620,986
There were no investment assets outside the UK.
Fixed asset investments are aciively managed by Ralhbones
Galn8 on Investment asgets
Unrealised Gain during the year
41,357
Page 12
continued...

The Friends ol Soulhwell Calhodral
Noles to the Flnanclal Slalements - conllnued
lor Ihe Year Ended 31 December 2024
11. OE8TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Prepayments and accwed income
893
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Deferred income
Accruals
1,820
365
4,041
4,406
Accruals..
2024
2023
Independent examiner's fees
Telephone
Printing, postage & stationery
Raihbone Investment Management Charge
Needlework Guild cosls
600
125
1,009
384
1,427
122
965
359
4,041
13. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.24
Al 1.1.24
Unrestricted tunds
General lund
695.907
153,528
849,435
Designaled lunds
Events
867
TOTAL FUNDS
Net movement in funds, included In the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricled funds
General lund
161,620
(49.449)
41,357
153.528
Designated funds
Events
3,767
(2,900)
TOTAL FUNDS
165,387
52,349)
41,357
154 395
Page 13
continued..

The Frlends ol Southwell Calhedral
Notes to the Flnanclal Statements - contlnued
for the Year Ended 31 December 2024
13. MOVEMENT IN FUNDS- contlnued
Comparatives for movement in lund8
Net
movement
in funds
At
31.12.23
At1.1.23
Unrestricted tunds
General fund
fA4,638
S1,269
695,907
TOTAL FUNDS
644,638
51,269
695,907
Comparative nel movement in funds. included in Ihe above are as tollows:
Incoming
resources
Resources
expended
Gains arNJ Movement
losses
in funds
Unreslricted funds
General fund
105,432
169,894)
15,731
51,269
TOTAL FUNDS
105.432
15,731
S1.269
14. RELATED PARTY DISCLOSURES
There were no relatgj party Iransaclions for tho y8ar ended 31 Decemb8T 2024.
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