**The Friends of Coventry Cathedral – Annual Report for Year ended 31[st] December 2022** # ANNUAL REPORT and FINANCIAL STATEMENTS 2022 1 **The Friends of Coventry Cathedral – Annual Report for Year ended 31[st] December 2022** ## ANNUAL REPORT ## for the year ended **31[st] December 2022** _Registered charity number_ : **1061176** _Principal address_ : **Youell House, 1 Hill Top, Coventry CV1 5AB.** **PATRONS** : His Majesty’s Lord Lieutenants of Warwickshire and the West Midlands ## **PRESIDENT** : The Lord Bishop of Coventry **VICE-PRESIDENTS** : The Bishop of Warwick, Heather Wallace, Barry Greener, Barbara Mobbs, Louise Campbell, Shirley Willis. The charity trustees who manage the Charity: |**Office**|**Name**|**Dates**|**Appointing**
**body**| |---|---|---|---| |_CHAIR_|Martin R Williams|Jan-Dec 2022|| |_VICE-CHAIR_|Phil Morris|Jan-Dec 2022|| |_TREASURER_
_Deputy Treasurer_|Deryck Horton
William Howard|Jan-Dec 2022
Nov-Dec 2022|**_Election_**| |_SECRETARY_|Rev William Howard
Hamish Blair|Jan-Nov 2022
Nov-Dec 2022|| |_MEMBERSHIP SEC._|Jim Newton|Jan-Dec 2022|**_at the_**| ||Hamish Blair|Jan-Dec 2022|| ||||**_Annual_**| ||Jane M L Williams|Jan-Dec 2022|| ||Mandy Wooltorton|Jan-Dec 2022|**_General_**| ||Jane Edwards|Jan-Dec 2022|| ||||**_Meeting_**| ||Michael Mogan|Oct-Dec 2022|| ||Fraser Watts|Jan-Dec 2022|| ||Stuart Fielding|Jan-Dec 2022|| 2 **The Friends of Coventry Cathedral – Annual Report for Year ended 31[st] December 2022** ## **Advisers** Type of advisor Name and address Independent examiner D W Spafford FCCA, 25 Ivybridge Road, Coventry CV3 5PF Bankers HSBC Bank plc, 55 Corporation Street, Coventry CV1 1QJ ## **Structure, governance, and management** ## **Description of the Charity’s trusts** **Type of governing document** Constitution adopted on the 28[th] September 1996 and revised 27[th] September 2015 **How the charity is constituted** An Association **Trustee selection method** Elected at the Annual General Meeting ## **Additional governance issues** **----- Start of picture text -----**
The charity’s organisational The Friends Council consists of a Chair who is elected, but not
structure and any wider network restricted to a specific term of office. The Vice-Chair,
with which the charity works Secretary, Treasurer, and other Council members are elected
at the Annual General Meeting for a three-year term of office,
renewable for a further three-year term before they must stand
down. The Council meets a minimum of six times a year.
Relationship with any related The Friends of Coventry Cathedral is an independent body but
parties works closely with the staff and members of the Cathedral.
The Chair meets with the Dean regularly.
Trustees’ consideration of major There is a duty for the charity trustees to identify and review
risks and the system and the risks to which the charity is exposed and to assess the
procedures to manage them impact of such risks. The Council’s opinion is that risks for its
various activities have been identified and appropriate action
taken.
**----- End of picture text -----**
## **Objectives and activities** |SUMMARY of the objects of the
charity set out in its governing
document|The objects of the Friends are to promote the restoration,
maintenance, repair and improvement of the fabric, ornaments
and furniture of the Cathedral Church of St Michael, Coventry
and to maintain public worship and support the ministry of
Coventry Cathedral within the diocese and internationally.| |---|---| 3 **The Friends of Coventry Cathedral – Annual Report for Year ended 31[st] December 2022** |**SUMMARY**
**of the main activities**
**in relation to**
**these objects**|**MEMBERSHIP**
We aim to maintain and grow and sustain our annual and life
membership.
**COMMUNICATION**
We communicate with members by means of our web site and
a monthly email bulletin.
**EVENTS**
We promote events designed to engage members of the
Friends with different aspects of life at the Cathedral, to enable
members of the Friends to meet together and also to provide a
source of new members and of fund raising.
**FUNDING**
The Friends makes grants towards projects and activities that
meet our agreed funding guidelines. At the start of each year
after Restricted, Designated and Annual Membership Funds
are deducted, one half of the remaining balance is made
available to fund projects in that year. Applications for funds
must be approved by the Cathedral Chapter.| |---|---| ## **Achievements and performance** A SUMMARY of the main achievements of the charity during the year follows. ## **MEMBERSHIP** **Friends Membership Numbers** **----- Start of picture text -----**
Year Full annual Full life Total
2022 336 246 582
2021 355 245 600
2020 379 245 624
2019 394 246 640
2018 403 255 658
2017 383 239 622
2016 355 233 588
2015 333 226 559
**----- End of picture text -----**
4 **The Friends of Coventry Cathedral – Annual Report for Year ended 31[st] December 2022** ## **COMMUNICATION** An illustrated monthly e-bulletin newsletter was distributed to members throughout 2022 and paper copies made available upon request to those members who have no access to the internet, who are invited to contribute towards the postage costs . The Friends website was kept up to date so that through the year it always carried the current e-bulletin newsletter. ## **EVENTS in 2022** Although the Covid-19 lockdown restrictions were gradually lifted to start 2022, the impact of the lockdown continued to be felt through the year with the reluctance of many members to attend group gatherings. The Friends Council planned _**The Pudding Club**_ as a major social event on 14[th] May 2022 to launch a post-Covid social programme, but it had to be cancelled for lack of support. Nevertheless, the year still had its successes. _**Ghosts In The Ruins**_ was a music commission by the City of Culture towards which the Friends made a grant. Marking out 2022 as the 60[th] anniversary of the Cathedral’s Consecration, it filled the Cathedral. The music was composed by Nitin Sawhney CBE, recipient of the Ivor Novello Lifetime Achievement Award, and the Coventry Cathedral Choir played a prominent role. During the performance the audience moved from the nave into the Cathedral Ruins. **The Cathedral Chorister Reunion** on 21[st] May 2022 was well-promoted through the Friends and proved to be a great success. Former choristers were welcomed by the Bishop of Coventry to a garden party at Bishop’s House before taking part in a Choral Evensong. The day finished with a Reunion Dinner, after which the choristers heard from several speakers including the Chairman of the Friends. **The Archive Film Show** on 2[nd] April included historic film of the Cathedral. The highlight was film taken on New Year’s Eve 1958 of the transfer of worship from the old St Michael’s Cathedral site to the Chapel of the Cross on the site of the new St Michael’s Cathedral. This film had been discovered by the Friends who then arranged for a digital copy to be made and shown to members. The preservation of this film record of Cathedral history is very important. **Cathedral Reflections II** launched on 25[th] May 2022 was the Friends’ contribution towards the Cathedral’s 60[th] Anniversary celebrations. The book recounts a selection of past events in the Cathedral’s life of the last 60 years and is well illustrated with photographs. Many of the events are recorded in detail for the first time. Each copy includes a bookmark with the wording of the Hallowing Places in the Cathedral Ruins. It was the wish of the late Mary Barnes to share those prayers with every visitor, and she left the Friends with funds to help fulfil that wish. ## **Financial Review** ## **The charity’s policy on reserves.** Our expectation is that funds raised should be expended as soon as possible on the objects of the Friends – the promotion of the worship, work, and fabric of Coventry 5 The Frlends of Coventy Cathedral- Annual Report for Year ended 31 De¢ember 2022 Cathedral. The policy requirements of the Cathedral mean that the funds raised will not ne￿sSarilY be advanced on projects wrthin each year. All funds will be used for our charitable objects over a reasonable time period. The trustees have examined the Charity's requirements for reserves in the light of the main risks to the organisation. £4,000 is required for the working capital of the charity. Free reserves are invested for capital growth pending grant requests from the Cathedral Chapter. At the end of the year the free reserves totalled £93,594 which is £89,594 in excess of the working capital required. During the year our priority has been to ensure that projects fInan￿d by the charity are carried out to a high standard and that they accord with the policy of the Cathedral Chapter. Each project is examined carefully to ensure that it falls within the definition of the charity's objects. Financial Review In the year 2022 income amounted to £36,185 {2021 £19,598) and expenditure totalled £29,002 (2021 £19,939) of which £20,000 (2021 £17,850) was to gifts and donations resulting in a surplus of £7,183 (2021 deficit of £341). Our investments lost £6,357 (2021 gained £9,401) in the year. resulting in an increase of funds of £826 (2021 £9,060). The total of funds carried fOr￿ard was £108,302 of which £14,708 is for restricted purposes. The financial position was helped by a legacy of £10,000 received in the year. How expenditure has supported the key objectives of the charity. To help the Cathedral Organ Appeal, any donations made by individual members of the Friends were doubled in value. This enabled the Friends to contribute £20,000 to the fund. That donation has enabled detailed technical evaluation reports to be prepared to assist the major fundraising process. The Organ Restoration is a massive project that will take several years to complete and is likely to cost in excess of £2m. Further assistan￿ may well be given in the future. DECLARATION The trustees declare that they have approved the trustees. report above. SIGNED on behalf of the trustees on the August 2023 Martin Royston Chair Illiams Deryc Treasurer Independent examinerfs report on the accounts Report to the trustee51 rnernb¢rs of THE FRIENDS OF COVENTRY CATHEDRAL Lkn accountg for the yaaret￿ad 31 DecembÈr 2022 Charity no 1061176 Sel on poges 8t015 report to the tyustees on rnYexam￿alW￿ olthe a£tounts of the above charty(l￿ Tiusl'l lof the ￿ar ended 31 December 2022. Re5punsibilEies ond As the tharitys trustees. you are respon$bk for the prwarabon olthe 2wJunts m a¢m￿anCe wrth the basis of report reqyirernent5 ofthe Chanties Act 2011 {￿e Adj. l Teport in rw ofmy examinkn.on olthè Tws¥s accwnts LxfTi&J out uThYe¥ se¢Xk)n 145 ofthe 2011 Act 8NI in ratryng out my examin3tw, I hawe foNth¥ed all Ihe aMJ¢Kzble DredK)n5 gi¥en by the Charity C(XTxnisson under section 14515llbl of Ihe Act Independent gxaminerfs statement I have ctJr**Income**
Donations and legacies
3
Activities for generating funds
3
Interest
3
**_Total income_**
**Expenditure**
Costs of raising funds
4
Grants and donations
4
Independent examination fees
**_Total expenditure_**
**_Net income before investment_**
**_losses_**
Net (loss)/gains on investments
5
**_Net movement in funds_**
**_Total funds brought forward_**
**Total funds carried forward**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total this**
**year**
**Total last year**
**£**
**£**
**£**
**£**
21,678
8,425
30,103
19,568
5,874
185
6,059
19
22
1
23
11
27,574
8,611
36,185
19,598
9,002
-
9,002
2,089
12,830
7,170
20,000
17,850
-
-
-
-
21,832
7,170
29,002
19,939
5,742
1,441
7,183
(341)
(6,357)
-
(6,357)
9,401
(615)
1,441
826
9,060
94,209
13,267
107,476
98,416
**93,594**
**14,708**
**108,302**
107,476| |---|---| 8 THE FRIENDS OF COVENTRY CATHEDRAL Registered Charity 1061176 Balance sheet as at 31 December 2022 Unrestricted Restricted funds funds Totsl thi8 year Totsl la8t year Fixed assets Investments Total flxed assets 59.119 59.119 59,119 59,119 65.476 65,476 Current assets Stock of books for re-sale Debtors Short term deposits Cash at bank and in hand 3.319 1.639 8.282 21,253 3,319 1,639 4,003 1,827 9,431 36,739 1,172 13,536 34,789 Total current assets 34,493 14.708 49,201 52,000 Creditors: amounts falling due within one year {18) (181 110,0001 Net current assets 34.475 14,708 49,183 42,000 Total assets less current liabilities 93.594 14,708 108,302 107,476 Net Assets 93,594 14,708 108,302 107,476 Funds of the Charity Unrestricted funds 93.594 Restricled income funds 14,708 14.708 13.267 Total funds 93.594 14,708 108,302 107,476 The Financial Statements on pages &15 were approved the trustees and signed on their behalf by.. Signature Full name Mr Marti Wllliams Position Date Chair **THE FRIENDS OF COVENTRY CATHEDRAL** **Registered Charity 1061176** ## **Notes to the accounts for the year ended 31 December 2022** ## **1. Basis of preparation** ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: |•|and|with||*|the Statement of Recommended Practice: Accounting and Reporting
by Charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) issued on 16 July 2014| |---|---|---|---|---|---| |•|and|with||ü|the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ireland (FRS 102)| |•|and|with|the Charities Act||2011.| ## **1.2 Change in basis of accounting** There has been no change to the accounting policies (valuation rules and methods of accounting) since last year ## **1.3 Changes to previous accounts** No changes have been made to accounts for previous years. ## **2. Accounting policies** **INCOME Recognition of income** These are included in the Statement of Financial Activities (SoFA) when:  the charity becomes entitled to the income;  the trustees are virtually certain they will receive the income; and  the monetary value can be measured with sufficient reliability. **Income with related expenditure**[Where income has related expenditure the incomes and ] related expenditure are reported gross in the SoFA. **Grants and donations** Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the income. **Tax reclaims on donations and** Income from tax reclaims are included in the SoFA at the **gifts** same time as the gift to which they relate. The value of anyvolunteer help received is not included in the **Volunteer help** accounts. **Trustees** No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee or to any person or persons known to be connected with any of them. **Investment income** This is included in the accounts when receivable. 10 ## **THE FRIENDS OF COVENTRY CATHEDRAL** ## **Registered Charity 1061176** ## **Notes to the accounts for the year ended 31 December 2022** ## **2. Accounting policies continued** **EXPENDITURE AND LIABILITIES Liability recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. **Governance costs** Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. **Grants payable without** These are only recognised in the accounts when a **performance conditions** commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. **Investments** Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. ## **Creditors** Creditors which are measured at settlement amounts less any trade discounts 11 ## **THE FRIENDS OF COVENTRY CATHEDRAL** ## **Registered Charity 1061176** ## **Notes to the accounts for the year ended 31 December 2022** ## **3. Analysis of income** |**Interest**
**Donations and**
**legacies**
**Activities for**
**generating funds**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
Membership subscriptions
7,719
- 7,719
8,060
Life Membership
250
- 250
250
Donations and gifts
2,070
- 2,070
5,735
Gift Aid
1,639
- 1,639
1,758
Donations to music
- - - 400
Donation Organ Fund
- 3,805
3,805
3,365
Hutton Angel appeal
- 4,620
4,620
-
Legacies
10,000 -
10,000
-
**Total** 21,678 8,425 30,103 19,568
Books
3,065 -
3,065
-
AMICI
- 185
185
-
Events
2,111 -
2,111
-
Archive Film
647 -
647
-
Misc
51 -
51
19
**Total** 5,874 185 6,059 19
Interest from Savings A/Cs
22 1
23
11
-
**Total** 22 1 23 11| |---|---| 12 # **THE FRIENDS OF COVENTRY CATHEDRAL** ## **Registered Charity 1061176** **Notes to the accounts for the year ended 31 December 2022** ## **4. Analysis of expenditure** **----- Start of picture text -----**
Unrestricted Restricted Total this Total last
funds funds year year
£ £ £ £
Costs of Office & Stationery Costs 1,712 - 1,712 2,064
raising funds Production of Books etc 4,316 - 4,316 -
Bank charges 117 - 117
Refunds - - - 25
Events and concerts 2,857 - 2,857 -
-
Total 9,002 - 9,002 2,089
Grants and Cathedral Music Department - - - 4,000
donations Cathedral Organ Fund 12,830 7,170 20,000 -
Coventry Cathedral Rebuild - - - 10,000
Leaving Gift - - - 150
Flag poles - - 3,700
Total 12,830 7,170 20,000 17,850
**----- End of picture text -----**
**Trustees** No Trustee received any remuneration or expenses in either this year or the previous year. ## **Independent** No payments were made to the Independent Examiner. **examiner** 13 ## **THE FRIENDS OF COVENTRY CATHEDRAL** ## **Registered Charity 1061176** ## **Notes to the accounts for the year ended 31 December 2022** ## **5. Fixed assets investments** |Value at beginning of year
Additions
Net loss on revaluation
Value at end of year
Analysis of investments
Listed investments
**2022**
**£**
Books for resale
3,319
**6. Stock**|**£**
65,476
-
(6,357)
59,119
59,119
**2021**
**£**
4,003| |---|---| ## **7. Debtors** |**Analysis of debtors**
Income Tax Repayment
Other debtors
**Total**|This year Last year This year
Last year
£
£
£
£
1,639 1,827 - -
- - - -
1,639 1,827 - -
**Amounts due**
**within one year**
**Amounts due later**
**than one year**| |---|---| ## **8. Creditors** |**Analysis of creditors**
Trade creditors
Other creditors
**Total**|This
Last
This
Last year
£
£
£
£
-
-
- -
18 10,000 - -
18 10,000 - -
**Amounts due**
**within one year**
**Amounts due later**
**than one year**| |---|---| 14 ## **THE FRIENDS OF COVENTRY CATHEDRAL** ## **Registered Charity 1061176** ## **Notes to the accounts for the year ended 31 December 2022** ## **9 Statement of funds** |**Brought**
**forward**
£
**Unrestricted funds**
**Total**
94,209
**Restricted funds**
Hallowing Places
1,171
Haigh Chapel
200
Music (inc Amici)
8,531
Hutton angel Apppeal
-
Organ Fund
3,365
**Total**
13,267
**Total funds**
107,476|**Income**
£
27,574
1
185
4,620
3,805
8,611
36,185|**Expenditure**
£
(21,832)
-
-
-
-
(7,170)
(7,170)
(29,002)|**and**
**(losses)**
£
(6,357)
-
-
-
-
-
-
(6,357)|**Carried**
**forward**
£
93,594
1,172
200
8,716
4,620
-
14,708
108,302| |---|---|---|---|---| The Hallowing Places fund was given for the provision of leaflets for visitors to the Cathedral. The Haigh Chapel fund was given for the refurbishment of the Haigh Chapel. The Music (including Amici concerts) fund includes funds raised at AMICI concerts and other donations for Liturgical and Music use only. Hutton Angel Appeal is for the maintenance of the Hutton Angel. The Organ Fund represents donations given for the Cathedral's organ. The Friends have agreed to match these donations upto a maximum of £10,000 In the year £20,000 was donated yo the Cathedral for the Organ Fund. 15 The brilliant colours of the stained glass reflected in the nave's polished marble floor were photographed by Richard Sadler, FRPS, in 1962. Sixty years later his photo was the cover of the Friends, 2022 publication to mark the anniversary of the Cathedral Consecration. ¢￿E[TI