REGISTERED CHARiff NUMBER: 1039131 The Frlends of Southwell Cathedral Report of the Trust••8 and Unaudlted Flnancial Statements for the Year Ended 310ecember 2025 Brooks Mayfield Limited Chartereé A¢¢ountanls 12 Bridgford Road Wesl Bridgford Nottinghamshire NG2 6A8
The Frfend8 of Southwell Cathedral Contents of the Financial Statements forthe Year Ended 31 December 2025 Pago Reference and Administrative Detalls Report of the Trust995 2 to S Independent Examinerfs Roport Slaternent of Financial Activities Balance Sheet Notes to tho Financial Stat8mont8 9 to 14 Detalled Statement of Financial Activiti88 15 to 16
Tho Frl•nd• of Southw•ll Cath8dral Reference and Admlnlstratlve D•talls for tho Year Ended 31 Oèc•mber 2025 TRUSTEES The Right Revejr nd Paul Williams - Bishop of Soulhwell and Nottingham - President Mr C G Leggatt- Chairman and Editor of Pepperpots Mrs A J Salter - Honorary SecTetsry Mr R S W Wi150n- Honorary Treasurer Mrs W3ddinglon - Membership Secretary Mrs P Rouse - Event5 Secretary Mrs J Hod50n - Appointed by Dio¢esan Mothers, Unn Canon E Rose Ms E H Johnson Mrs V Loughton Mr A Todd Mrs A T Poulson lappointed 26.2.25 Mr P Gibbins (appointed 26.2.251 MEMBERS OF COUNCIL EX OFFICIO, NON-VOTING Represents"ng the Cathedral Chapter." The Very Reverend Neil Evans Interim Dean of Soulhwell Mr5 M Oswakl Mr J Vvheelef PRINCIPAL AODRESS The Minster Offie Church Sireel Southwell Noltinghamshire NG25 OHD REGISTERED CHARITY NUMBER 1039131 INDEPENDENT EXAMINER Brooks Mayfield Limrted Chartefed A¢¢ouniants 12 Bridgfor(J Road Wesl Bridgford Noth"nghamshire NG2 6AB BANKERS National Westminster plc Newark IA) Branch 1 Market Place Newark NG24 1DY Page 1
The Frl•nd8 of Southwell Cathedral Report of the Trusto•s for tho Year Ended 31 December 2025 The Courbcil of the Friends of Southwell Cathedral is pleased to present ils pOrt for the ye8r ended 31st Dernber 2025. The trustees who served during the year and up to the date of this rep)rt are set out above. Mrs Jan Richardson ceased to be a rnember of Council as she had come to the end of her term on Chapter. We We pleased to wethme Mrs Marion Oswald and Mr Jonathan heeler. who have fftGelldy joined Chapter. as member¥ of Council. 08JECTIVES AND ACTIVITIES Oble¢tlve8 and •ims The Friends of Soulhwell Cathedral exist lo bind togelh8r all those who love the Cathedral Church and who desire lo help in preservin9 tor poslenty the fabric of this ancient and historic buildlng, in main18ining publi worship therein and enhancing ils adomment. The Council has kept in mind the Charity Commissioners. guidance on public benefit The focus ol The Fnends. activities rema1nS the lfIlment of the objects of the charity for the benefft of the Cathedral. which welcomes everyone without reslnction. Membership of The Fnends is OFen to all. subject lo a subscription, the amount cfwhich Is at the discielion of the member. ACHIEVEMENT AND PERFORPIiANCE The Frtends have enjoyed 3 year during which there have been two outings. a rrnsl interesting lecture. an organ recrtal and the Festival and Annual General Meeting Our first outing of the year in May. and organised by Pauline Rouse, was to Grimsthorpe Caslle in Lincolnshire. home lo the 28th Baroness Willoughby de Eresby A wonderful house and delighttul ga¥dens This was followed by lunch in Irnham, (kindly sponsored for us). the home village ol our Chaimian Charlie Leggatt. kle then showed us his Parish Church where a copy of the Lutlrell Psalter Is kept. In September we visited Slow Minster. St Mary's Church. in Lincolnshire where the church warden gave us an excellent guided tslk. Dating back lo 975AD Il became Ihe mother church lor the Lincolnshire part of the diese. After an excellent pub lunch, we visited Sl Edith's church situated In a farmyard. Our Festival and Annual General Meeting on 14th June was, as ever. a fvll and happy day. Oui volunteer speaker was lo have been the Lord Lieutenant. Veronica Pi¢kefing. bul sadty she was unable lo come. Fortunately. the Vice Lord Lieutenant. Nora Senior. carne in her place and gave us a most Interesting talk. Tea followed, thanks lo M8rgar8t Noble. and then Evensong where our preacher was Canon Richard Frith Oll October 3rd Jonny Allsopp gav8 an organ ¢1131. accompanied by several af the lay clerks. lo thank the Friends for the financial support given to Ihe Quire Organ Refurbishrnenl The wine and finger-food were generousty sponsored for us Charlie Leggatt and Elizab8th Johnson attended the National Collferen of Friends of Cathedrals, Abbeys and Greater Churches from October 10th lo 12th. They found this very Interesting and useful as they were able lo meet Offirs from other Frien¢Y$' organisab'ons. The Friends ale gralelul lo Charlie and Elizabettt for paying fcr their own travel. accommodation and conference costs. Al our aLFlumn Chairmar)'s Receplion in November, we enjoyed a fascinating talk given by Dr Richard Fisher entitled 'Three Choifs and a Reformabon. English Cathedrals under the Tudors,. Again. this was al no cost to the Friends Margaret Noble once again gave us a special tea which was held in the Crossing. Thès8 Social events enable Friends to meet one another at no cost lo the membership. We continue lo supwrt the Flower and Needlework Guilds and the Music Foundation which includes the Organ Scholarship and the Milo Chorister Appeal. We have agreed lo provide fvnding for the Mus Foundation for the next thr8e years. Page 2
The Friends of Southwell Cathedral Report of tho Trustaos for tho Yoar Ended 31 Docembgr 202S ACHIEVEMENTS AND PERFORMANCE We met the cost of the c£>nservation of th8 VLtorian processional bar+ner and a display case. now srtuated in the North Transept of Ihe Minster. W8 ara discussing other projects with Chapter. including the conserv?b'on, belter display and interpretation of the 'H8adl8ss Cleric. in lh8 50ulh quire aisle. the Waller Hilton Mernonal and repairs lo the Nave Roof. Our h¥ice-yearly magazine, Pepperpols. edi16d by Charlie Legg8tt once again was fvll of most interesting artleS We were able to continue producing hyo hard copies. as the costs ol Pepperpots are supported by one of our members. In 2025 w8 W8lcomèd 12 new Friends. We aayS welcome new Friends and thefè are Copies of our leafiel and applicalicn foryns In the Minster, on our website page v4ww.southwellminsler.orglfriends. or please contact Alison Salter through the Minster Centre Once again. our thanks are due lo @voryone al Brooks Mayfield Limited. our accountants and Independent Examiner," to Ralhbones, our inveslmenl adv1s8rs, lo the Minsl8r staff and lo all OLSr members for their ¢onts'nuJng support. FINANCIAL REVIEW Financialty, The Fnends Is rather likè an intermediary siaging post. We receive Incorne from various sources. manage It according lo Charity Law and with respecl to the wishes ol our subscribers and donors and then p051 some of Il on. pnmarily lo Chapter for agreed and afforc¢able reasons and other amounts lo suppliers lor approved services rendered, all within our consliluts)nal objectives. Tttis year we received £41.485 and paid out £57.225, including £238 depreciation on our Office computer eqijipmenl. Our financial reserves are quiie adequate to absorb delicils, such as the one this year of £1 S.740. We only pay out amounts which we can easily afford_ Careful management of our funds is continual and always results in the rnainlenance of a satisfactory level of cash sufficient to supporl agreed Chapter requests. All Chapter proposals are only approved for linancial support after we have Ljndertaken cash flow forecasts, L3sing reliable esiimales of income. excluding guesses as lo donations and legacies. and accoLbnling lor our usual annual expenéilure eommilments, and have shown an adequale level of cash reserves remaining if the proposals are funded. 01 the Inm8 réceiv8d this year of £41.485. annual subscriptions lotalled £9,998. A few years ago it was my ambition for subscriptiDnS to rise lo £10.000 within a certain time span 11 Is now my ambitlDn for subsCriPtIDns to rise lo £11.000 within a shorter lime span. Our Rathbone5 unil trust Income within the £22.319 total investm8nl income figure amounted to £14,556 1 queried this Wrth Ralhbones as last year we 18ceived £16.312. They said they were aiming for a huher lolal relum (which favoured capf(al appreciatll Talher than incorne yield). but some reorganisation lallerty in the year would produce more income In the nexl year. CBF Deposit account8d for £7,119 of the £22.319. down frorn the 2024 figure of £7,908, because ol lower amounts on deposit and a s1ight]y reduced interest rale Finally in that total Income figure, the CBF Investmenl slogg8d on with income up al £644 on the 2024 lolal of £629. A very useful £3.120 came from our Gift Aid claim lo HMRC. I have the usual plea al this lime for subscriptions and donations lo be gift aided. It Is painless and allows us to daim 25% of every pound you pay, provided you are a UK taxpayer and have paid enough income andlor caprtal gains tax to Gover the amount we will claim. £307 wa5 the amount claimed back on lax dedLb¢ted trom incorne lo a deceased person's estate ol which the Friends were a beneficiary. Finalty, OLrr incom was bcrt)sled by £5,741, being donations arnounting to £5,241 and a legacy of £50D. We thank all our subscribers and donors, however small May be their conlribLFlllS Page 3
The Friends of Southwell Cathedral Report of the Trustees for the Year Ended 31 De¢ember 2025 FINANCIAL REVIEW Expenditure in 2025 comprised the usual p?yrnenls of Ralhbones investment man8gem8nt charg8s. slightly rr¥)re al £1,523,. the Flower Guild at £3.500 (the £500 increase was towards funding flower displays al th8 Au9USt Southwell Music Festivall, the Needlework Guild £2,936.. Verger's and Groundman's salary support £6,698 llo Maich 2025 which completed our promise lo fund a lolal of £32.000. Ilh8 actual cam8 10 £32.0961," the Processional Banner SeCLtre display case £8.024 Ilhe banner is in thè North Transèpll.. 5,500 requested by Chapter towards the Milo Chorister Appeal.. variotjs small armunts of £285. £328 and £370 a5 described Ilhese were essential c051s requested by Chaptef, which wè considered wer8 worlh funding), we spent £4,437 on the design and printing of the N¥0 issues of the Pepperpots magazine lit is worth mentioning here that this cost_ as In previous years. was offset by donations amounting lo £2.800, which are Included In the Legacies and Donations figure of £5.741.1'. we ran out of membership application leaflets and urgently needed one thousand more. which with design fees. cost £987,. other costs were AGM catering £446, postage £753 Imoslly Pepperpot franking and stamp costs., Independenl Examiners feè £1.200. higher because ol an under provision in the 2024 accounts.. finally. one year's depreciation cost of £238 on the Office computer equipment. Our inveslmenls with the CCLA and Rathbones had appreciated in value and 8131st December 2025 were valued al £16.517 more than al 31 sl December 2024. This gain put the financial result al £777 lor the year and increased the Friends c8Pltal to £850.212. As explained in the PTevious years. we run the Events financial transactions through the Friends books for convenience We show the results In these accounts in the De51gnaled Fund column."Desig." In other words. a separation Is maintained In the books and in the accounts lo erssure and demonstrate that the FriedS chartty rnoney has not been used and will never be used 10 5ubsidise "Events nor will Events oney be takeri lo fund Friends expenses and Chapter support You can see that 'Evenls" was in surplus by £1,137 for the year which when added to the capital brought forward of £867 from 2024. rneant capital carried forward was £2,004 The Balance Sheet a5 at 31 st December 2025 shows a healthy financial strength Th8 Fnends capital of £850.212 comprises £678.860 for our inveslmenls." £713 Df computer equipment.. we were due £1,60g Interest tor the quarter ended 31 December 2025 on our CBF Dep0511 FL5nd AccDunl (received January 20261.. we had a total of £172.043 in our current bank acectjnl and the CBF Deposit Fund." finally, we owed £3.013 to cre¢Jilors. These have been paid except for £1,350 relating to estimated provisions owed fly services received, which we expect to pay within the next few months The Desig. column show5 the capital figure of £2.004 which includes cash of £2,054 less an amount of £50 owed. The £SO is a credit amount to be used in 2026. Finalty, our investments are rUlated according lo the ethical standafds of The Church of Erbgland consislenlly follow a policy of carefully maintaining our reseNes sufficient lo provide affordable and agreed fvnding to Chapter and in the future. Page 4
The Frlonds of south11 Cathedral Report of thfr Trust••8 for the Year Ended 31 D•¢ombor 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT The Council ol Trustees meets three limes 8very y83r to agre8 the bfoad slralegy and areas of activity induding considerabon ol grant making lo the Southwell Calh8dral Chapler. financial review and reseNes, r¢veslmenl fnanagement, risk management publicity and performanc8 Th8 day-t041ay adminislfalion is delegated to the prinapal officers In parlicular tha Chairman, Sacretary. Treasurer, Mèmbership Secretary. and Events Secretary. All Council members. including lh8 principal offic8rs. give thèir time voluntarily and receive no benefits. Trustee reimbursed exn$8$ w8re £482.16 and ar• r•corded in nole 8 of Ihe accounts Approved by order of the board of trustees on 25 February 2028 and signed on ils khalf by., Mr C G Leggatt- Trustee and Chaiman Mf R S W Wlsor)- Trustee and Honorary Treasurer Page 5
Independent Examiner'$ Report to th• Tru8tee8 of Th8 Friends of Southwell Cath•dral Ind•pendenl oxaminorf8 r•port to the trusto86 of The Friend8 ol Southwo11 Cathedral I report to the charity trustees on my examination of the accounts of The friends of Soulhwell Cathedral Ithe Tfustl lof the yeaf ended 31 De(mber 2025 Responsibilitios and basis of rnport As the Charity Iruslees of the Trusl you are rèsponsibl8 for tha pr8paralion of thè accounts in accordance wittt te feqLtirements of the Charities Acl 2011 I'the Act'} I report in respect of my examination of the Trusts accounts carri8d out under Section 145 of the Act and in carrying out my examination I hav8 followed all applicable Dir8Ctions given by the Charty Commission under Secbon 14515llbl of the Act Indepondent examin8rfs statement I have completed my ex3minatiDn I confirm that no material matters have come to my attention in connection with the examination giving me &quse lo beliève thai In any maierial respect. accounting records were noi k8Pt In fespect of the Trust as required by Section 130 of the Act., or the accounts do nol accDrd with Ihose records. or the accounts do not comply with lh8 applicabte raquirem8nts concerning the form and content of accounts sel out in the Charities {Accounts and Reports} Regulab"ons 2008 olher than any requirement that the accounts give a true and fair view which is not a maller eensidered as part of an independent examination. I have no ¢oncerns an(t have Come across no other matters in connection with the examination lo which attenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Wllliam Oates BA FCA Brooks Mayfield Limited Chartered A¢¢ountants 12 Bridglord Road Wesl Bridglord Nottinghamshi NG2 6A8 25 February 2026 Page 6
The Frfends of Southwell Cathedral statement of Flnanclal Actlvltles lor the Year Ended 31 December 2025 31.12.25 Total funds 31.1224 Toial funds Vnresth¢te(l Desigr¢aled fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 19.166 19.168 136,771 Charltable actlvltles Events- bookings Income Events- bank account transfer 4,035 4.035 3,108 659 Inve51ment incorne 22,319 24,849 Total 41.485 165,387 EXPENDITURE ON Raising funds 6,713 6,713 7,411 Charltable actlvltle8 Needlework Guild Minster Flowers Guild Vergers and Gardeners Wo(kweaf Milo Chorister Appeal Vergerg and Gardeners salary support Re51oratson of 1884 Procession Banner 140 Year5 Exhibition - celebrating the Minster as a Cathedral Headless Cleric survey report costs Minster Communty meeting expense support Events - bookings income Secure display case lor the 1884 PrO$s1onal Banner Membership applicatyon leaflets Engraved plaque - Oak Tree planled for the late Queen Sidepersons, long service badgès Bench an(J Plaque - Cremated Remains Plol 2.936 3.500 2,936 3,500 3.469 3.000 479 25.500 6.698 25,500 6,698 25,398 5,736 2,1)00 900 2,898 2,898 2,900 8,024 987 8,024 987 285 328 370 285 328 370 Other 1,884 1.884 990 Total 2.898 60.123 52,349 Net gains on investments 16.517 41,357 NET INCOME 777 1,137 1,914 154,395 RECONCILIATION OF FUNOS Total funds brought forward 849.435 867 850,302 695,907 TOTAL FUNDS CARRIED FORWARD 860,212 2.004 852 216 850.302 The notes form part of these financial stalemenls Page 7
The Fri8nd$ of Southwo11 Cathedral Balanc8 Sheet 31 December 2025 31.12.25 Total funds 31_12.24 Total funds Unreslricled Designated fund fund Notes FIXED ASSETS Tangibl8 assets Investmenls 713 678.860 713 678,860 gS1 662.343 10 679,573 679,S73 6S3,294 CURRENT ASSETS Debtors Cash at bank 11 1,609 172,043 1.609 174,097 2,181 190,552 2.064 173,652 2.054 175.706 192,733 CREDITORS Amounts falling due within one year 12 13.013) {soi 13,063 IS.725) NET CURRENT ASSETS 170 639 187 008 TOTAL ASSETS LESS CURRENT LIABILITIES 850.212 852.216 850.302 NET ASSETS 850.212 852,216 850 302 FUNDS Unrestricted funds Designated funds 13 850.212 2.004 849,435 867 TOTAL FUNDS 852 216 850.302 The finanGial statements weie approved by the Board of Trustees and authorised for issue on 25 February 2026 and We signed on its behalf by". Mr C G Leggatt- Trustee and Chairtnan Mr R S W Wlson - Trustee and Honorary Treasurer The note5 form part of these financial stalernent5 Page 8
The Frionds of Southw•ll Cathodral Notes to th8 Financial Statements for tho Year Endod 31 D•c8mber 2025 ACCOUTrKING POLICIES Basis of preparing tha financial statements The financial statements of the charity. which is a public benafil enty'ty under FRS 102, have been prepared In a¢¢orOance with Ihe Charilias SORP IFRS 1021 'Accounting and Rèporting by Charities.. Statement of Recommended Practice applicable to chariti8S Pf8paring their accounts in accordance with the Financial Reporting Stsndard appllcable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191., Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and th8 Charilt8s Act 2011. The financial slalemenls have been prepared under Ihe historical cost convention. with the exceplion of investments which are included al market valu8. as modified by th8 revaluation of rArtAin assets_ Incoming r8sourc6s All incoming resources are includ8d in the slalemenl of financial activities when the charity is ented lo the income and the amount can be qualified with reasonable aceur8cy. The following specific poli¢ies are applied lo particular categories of income.. Voluntary income B received by way of grants, donations and gifts and is included in full in the statement oi financial a¢livitses when receivable. Grants where entit5@Trnt is not eondilional on Ihe delivery of a specific performance by the charity, are recognised when Ihe charity becomes unconditionally enlilled to the grant. Donated services and facilities are included at the value lo the charity where this can be quantified. The value of services provided by volunteers has not b8en included. Income from investments is included in the year in which il is receivable Resources expended ExF*nditure 15 recognised on an accrual basis as 8 liability is Incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which It relates. Costs of generating funds comprise the costs asso¢iata with attracting voluntary income and the costs of trading for fundraising purposes Charitable expenditure comprises those costs incurred by the charity irb the delivery of Its activities and service8 for its beneficiaries. 11 includes both costs that can be allocated 11ClIY to such activities and those cost5 of an indirect nature necessary lo $upwrt them. Support costs are those costs incurred directly In support ol expenditure on the objecls of the charity and inclLKle project management T8ngible fixed a88et8 DepiecialioTr is provided at th8 following annual rates in order to wnle off each asset over ils eslimaled usefttl life ComputeT equiprnent 20DA on cnst Taxation The Gharity is exempt from lax on ils charitable aclvilies. Investmenty Investfflents held as fixed assets are revalued al mld-market value at the balance sheet date and the gain or loss taken to the Slalement of Financial Activities. Page 9 coNtinued...
The Friends of Southwo11 C•th•dral Notes to the Flnanclal Stat&m•nt¥ - continu for the Year Ended 31 D•c•mber 2025 DONATIONS AND LEGACIES 31.12.2S 31.12 24 Donations and legacies Income lax recoverable Subscriptions- Gift Aided 5,741 3,427 9,998 123.943 2.941 9.887 19.166 136,771 INVESTMENT INCOME 31.12.25 31 12.24 Income from UK listed investments Bank interest- Central Board of Finance Bank interest- Central Board of Finance Unit Trusl 14,556 7,119 644 16.312 7.908 629 22.319 INCOME FROM CHARITABLE ACTIVITIES 31.12.25 31.12.24 AclNity Other income from Charitable activities Other income from charitable activities Evenls - bookings income 4,035 3.108 Events - bank account transfer 659 4.035 3,767 RAISING FUNOS Ralslng donatlons and legacles 31.12.2S 31.12.24 Investment management fees Support Costs 1,523 1.515 5.896 6.713 7.411 Page 10 continued...
Th• Frl8nd8 of Southwo11 Cathedral NolBs to the Financial Statgments - continuod for the Year Ended 31 December 2025 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 71 Needlework Guild Minster Flowers Guild Milo Chorist8r Appeal Vergers and Garden8rs salary SUPPDrt Events costs Secure display case for the 1884 Proc8ssional Banner M8mbÈrship applitr2lion leaflels Engraved plaquè- Oak Tree planled for th8 late Queen Sidepersons, long service badgès Bench and Plaque- Crernaled Remains Plot 2,936 3,500 25.500 6.698 2.898 8.024 987 285 328 370 51,526 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.12.25 31_1224 Flower Guild Needlework Guild Veryers and Gardeners wothear Milo Chorister Appeal Veryers and Gardeners salary support Resloralion ol 1884 Procession Banner 140 Years Exhibition celebrating the Minster as a Cathedral Headless cleric survey report cost Minster Community meeting expense support Events Costs Secure éisplay case for Ihe 1884 prI$S1Onal Banner Membership application leaflèts Engraved plaque - Oak Tree planted for the late Queen Sidepersons, long service badges Bench and Plaque - Cremated Remains Plot 3.500 2.936 3,000 3.469 479 25,500 6.698 25,398 5,736 2,000 900 2.898 8.024 987 285 328 370 2,900 51.526 43,948 Page11 ¢onb"nued...
Tho Frionds of Southwo11 Cathedral Notes to the Flnanclal Statement$ - contlnuod for the Year Ended 31 Decembor 2025 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees, remuneration or other benefits for the year end8d 31 Drnber 2025 nor for the year en¢Jed 31 December 2024. Tru8t008' oxwn606 During the year Trustees were reirnbursed a lotsl of £482 12024 £1121 for expenses they had personally Incurre¢J. TANGIBLE FIXED ASSETS Computer equipment COST Al 1 January 2025 and 310ecember 2025 1,189 DEPRECIATION Al 1 January 2025 Charge lor year 238 238 Ai 31 December 2025 476 NET BOOK VALUE Al 31 December 2025 713 Al 31 Dmber 2024 951 10. FIXED ASSET INVESTMENTS Listed investments Valuatio MARKET VALUE Al 1 January 2025 Revaluatson5 662,343 16,517 Ai 31 December 202S 678 860 NET BOOK VALUE Al 31 December 2025 678 860 Al 31 December 2024 862,343 There were no investment assets outside the UK_ Fixed asset investments are actively naged by Rathbones Gains on Invè8tm•nt a85frts Unr83lis8d Gain during tré year Page 12 continued .
The Frfends of Southwtll Cathedral Notes to the FTnancial Statements - continued for the Year Ended 31 December 2025 11. DEBTORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 31.12.25 31.12.24 Prepayments and accrued inc¢me 2,181 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Deferred inccme Accruals 149 2.914 1,820 5.725 AcLruals.' 2025 2024 Independent examiners fees Telephone Postage, telephone, printing and stationery Ralhbone Investment Managemelli Charge Needlework Guild costs 900 600 125 1,009 450 394 1,170 2,914 3,905 13. MOVEMENT IN FUNDS Nel movement in funds At 31.12.25 At1.1.25 Unrestrictod funds General fund 849.435 777 85Q,212 Designated funds Events 867 1,137 2,004 TOTAL FUNDS 850.302 852,216 Net movement In funtjs, included in Ihe above are as follows. Incomin9 resources RgsDurc8s expend8d Gains and losses Movement in funds Unr•strict•d funds General fund 41,485 <57,2251 16,517 Do8ignatod fund8 Events 4,035 <2,898> 1.137 TOTAL FUNDS 45,520 60,123) 16.517 1.914 Page 13 conlinuecl...
The Frlends of Southwell Cathodral Not¢8 to the Financial Statem•nts - conllnued for the Year Ended 31 December 2025 13. MOVEMENT IN FUNDS- continued Comparative8 for movernent in funds Nel movement in funds Al 31_12_24 Al 1.1.24 Unrestrlcted fund8 General fund 695.907 153,528 849,435 De¥lgnated fund8 Events 867 TOTAL FUNDS 695,907 154.395 850,302 Comparalrve nel movement in funds, Included in the above are as fcllows.. Incoming resources Resources expendeé Gains and IDsses Movement in ftjnds Unrestrlcted lund8 General fijnd 161.S20 149,4491 41.357 153,528 Designated funds Events 3.767 12.900} 867 TOTAL FUNDS 165.387 52.3491 41.357 154,395 14. RELATED PARTY DISCLOSURES There were no ielated paty transactnS for the year ended 31 Decernber 2025. Page 14