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, Un￿n
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
De￿rnber 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 c*fwhich 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
di￿ese. 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 Offi￿rs from other Frien¢Y$' organisab'ons. The Friends ale gralelul lo Charlie and Elizabettt for
paying fc*r 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
art￿leS 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 a￿ayS 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 In￿m8 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 appreciat￿ll
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 conlribLFl￿llS
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
Frie￿dS 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 r￿Ulated 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 south￿11 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 ex￿n$8$ 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 t*e 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 ent￿ed
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 11￿ClIY 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 D￿rnber 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 D￿mber 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 transact￿nS for the year ended 31 Decernber 2025.
Page 14