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2020-12-31-accounts

FRIENDS OF LICHFIELD CATHEDRAL [FELLOWSHIP OF ST CHAD]

REGISTERED CHARITY NUMBER: 1102791

ACCOUNTS YEAR ENDED 31 DECEMBER 2020

Dains LLP Chartered Accountants St John’s Court Wiltell Road Lichfield Staffordshire WS14 9DS

| in 2021. | New trustees are provided with a copy of the governing constitution, a copy of the most recent annual report | and accounts and minutes of recent Executive Council meetings. New trustees receive an email from the Charity | Commission detailing their responsibilities. They are also encouraged to read guidance note “CC3: The Essential : Trustee” via the Charity Commission website and the regularly emailed newsletters to keep them up to date | with their duties and responsibilities. | Administrator: Mr O Birch Editorship team: Mr M Guest Mr[J][ Maxwell-Jones] | Bankers: Lloyds Bank plc, 22 Conduit Street, Lichfield, WS13 6JS

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THE FRIENDS OF LICHFIELD CATHEDRAL (Fellowship of St. Chad) Registered Charity Number | 102791 Annual Report for the year ending 3] December 2020

Principal address: The Friends Desk, 19a The Close, Lichfield, WWSI3 7LD

Tel: 01543 306100

Patrons: Mr lan Dudson, CBE, CSt}, Lord Lieutenant of Staffordshire Mrs Anna Turner, JP, Lord Lieutenant of Shropshire President: The Rt Revd Dr Michael Ipgrave, Bishop of Lichfield

Executive Council and Trustees 2020/2!

Chairman (Ex Officio): The Very Revd A J Dorber Vice Chairman: Mr| Maxwell-Jones Secretary: Mrs S Perkins (co-opted 29.7.19)* Treasurer: Mr N Piatts Events Secretary: Mrs S Cottrell Chapter Appointed: Vacant

Elected Members: Mr DT Cliffef = Mrs N J Provost Mr CJ Spruce Miss} Sutton MrS Taylor Mrs K Toothill

Trustees who have retired: Miss A Parkhill (retired from Chapter 2.3.21) Mrs D A Barnett (31.12.20)

Independent Examiner: A. P. Morris FCA of Dains LLP, St. John’s Court, Wiltell Road, Lichfield, WS14 9DS

Minimum Subscription:
Life Membership: Ordinary £600
Life Membership: Senior Citizens (over 65) £300
AnnualMinimum Subscription:
Ordinary Membership £25
Senior Citizens (over 65) £20
Overseas Membership (all ages)
Parish Church		 £40
£25
Corporate Members
GiftMembership(availableonrequest)		 £35
£25(£40overseas)

Email: friends@lichfield-cathedral.org

Web Address: www. lichfield-cathedral.org/friends

Large copies of this document are available on request.

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The Friends of Lichfield Cathedral Annual Report for the year ending 31 December 2020

Governance

The Friends of Lichfield Cathedral, founded in 1937, is governed by a Constitution approved on 21 May 2011 and is constituted as an unincorporated association.

Trustees

The trustees who served during the year are set out on page 1. In light of the extenuating circumstances in 2020 the Chairman, Dean Adrian, made a resolution that those due to retire, or seek re-election, as a trustee would continue in office until 31 December 2020 or until an AGM could take place in 2021. The chairman is an ex-officio officer and trustee. The four officers of vice chairman, secretary, treasurer and events secretary are elected annually by the membership and are trustees. Two trustees are appointed by the Chapter of Lichfield Cathedral. Nine trustees are elected by the membership for periods of three years and retire in rotation. No elected trustee may serve more than two terms of three years in one position. In addition, the Executive Council may appoint up to two trustees to represent the wider interests of the diocese.

| Objects ¢ To further the religious and other charitable work of Lichfield Cathedral. | ¢ To assist and promote the restoration, maintenance, repair and improvement of the Cathedral and to 7 support the worship, music and ministry of the Cathedral. | Aims | ¢ To draw into fellowship the people of the Diocese and others with an interest in Lichfield Cathedral. | ¢ To work with the Chapter in furthering the religious and charitable work of the Cathedral. | eTo assist the work of repairing and preserving the fabric of the Cathedral and its precincts, its | furnishings and vestments and to enhance it with special gifts. | e To support the worship and music of the Cathedral. e To arouse, stimulate and maintain parish and public interest in the Cathedral. ¢ To provide a means whereby people who have at heart the wellbeing, mission and purpose of the | Cathedral can keep in touch with its life and work. | ¢ To raise and invest money to further the objects of the Friends. ? ¢To organise social events and opportunities of fellowship, and to support such other charitable : purposes relating to Lichfield Cathedral as the Executive Council in its absolute discretion shall see fit. | Review of Activities and Achievements . ? 2020 has been an extraordinary year when most planned activity was cancelled or postponed. Despite : this, Friends have remained well connected through a weekly email message sent by the Dean and the 7 annual report sent in December. One event-which did take place was the Candlemas Supper in : February 2020 at which we enjoyed a delicious meal prepared by Chapters, the Cathedral’s café, and a | performance by Lesley Smith as Nell Gwynne. The Friends has provided much needed financial . support to the Cathedral during the pandemic, totalling more than we would give in a typical year. Grants included towards an office manager post, ‘Resilient Heritage’ project, a significant contribution towards the music, and match funding towards The Big Give Christmas Challenge. We also continued | to support the Artist-in-Residence for a further year. : Financial Review | i) Year End Results The accounts for the year ended 31 December 2020 are enclosed. Net assets total £123,918, a decrease | of £40,274 from £164,192 in the previous year. The Covid pandemic has impacted on finances during the past year and the decrease in net assets has arisen as a result of a fall in income compounded by a

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Expenditure increased by £17,203 to £78,187 from £60,984 in the previous year. As mentioned above a | number of grants were made totalling £71,300, an increase of £20,285 in the previous year. There was a small reduction of £1,039 in general expenditure to £6,887 from £7,926 in the previous year. | |

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The Friends of Lichfield Cathedral Annual Report for the year ending 3| December 2020

rise in expenditure. The executive committee felt that it should do all that it could to offer financial support to the Dean and Chapter at a time when the cathedral finances have been under considerable pressure. Consequently, following several requests, grants have been made, which alone, have been the major element of expenditure during the year.

Income fell by £10,771 from the previous year to £32,442. However, thanks to our loyal support base, donations, including the gift aid tax reclaim on them, have remained constant, with just a very small reduction of £130 on the previous year to £17,726. No social events were able to be held following the beginning of the lock down in March and hence there was a reduction in the surplus generated of £885 compared with £2,504 in the previous year. The Christmas Tree Festival, usually the main fundraising event of the year, could not take place, leaving a potential shortfall of around £17,000. Investment income reduced slightly by £272 to £2,750. However, legacies totalling £11,000 have been gratefully received providing a very welcome boost to income.

The value of investments increased by £5,471 to £87,303.

: In summary whilst total assets have decreased by £40,274 during the year, legacies and the increase in | the value of investments have mitigated the amount ofthis decrease thus enabling the level of financial | support to the Dean and Chapter to be met whilst at the same time maintaining an appropriate level of | financial reserves. | ii) Financial Reserves Policy || Cash reserves are held in a Lloyds Bank current account for everyday purposes and a Church of England Deposit Fund account. Other investments comprise two Church of England Unit Trust Funds, designed : specifically for the charity sector to generate both income and capital growth. The investments can be readily liquidated should the need for cash arise. The trustees regularly monitor interest rates and | investment performance.

| investment performance. Net assets are unrestricted, and the funds can be freely used by the trustees. The trustees review the | total reserves at each of their quarterly executive council meetings. They have estimated that a reserve of £20,000 is required to maintain the efficient running of the charity and to provide the required level | of services to donors for a period of one year. Further reserves are required from time to time to meet the commitments made to the Dean and Chapter and furthermore as a contingency should unforeseen circumstances arise. The trustees consider that the net assets meet these criteria.

iii) Financial Controls Policy

The trustees have put a Financial Controls Policy in place as recommended by the Charity Commission in guidance note CC8. This is to ensure that assets are properly used, funds are spent effectively, and financial affairs are well managed. The policy is reviewed annually.

Risk Review

The trustees have examined the major internal and external risks which the charity faces and confirm that systems have been established to minimise these risks.

The Friends of Lichfield Cathedral Annual Report for the year ending 3! December 2020

Public Benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and have complied with their duties under the Charities Act 2011.

Signed on behalf of the charity’s trustees on 22 April 2021

John Maxwell-Jones, Vice Chairman

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INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF THE EXECUTIVE COUNCIL OF THE FRIENDS OF LICHFIELD CATHEDRAL (FELLOWSHIP OF ST CHAD)

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet and associated notes.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A P Motris FCA : of Dains LLP | St. John’s Court | Wiltell Road | Lichfield | Staffordshire, | WS14 9DS

Date: 22 April 2021

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FRIENDS OFLICHFIELD CATHEDRAL [FELLOWSHIPOFSTCHAD] FRIENDS OFLICHFIELD CATHEDRAL [FELLOWSHIPOFSTCHAD] FRIENDS OFLICHFIELD CATHEDRAL [FELLOWSHIPOFSTCHAD] FRIENDS OFLICHFIELD CATHEDRAL [FELLOWSHIPOFSTCHAD]
STATEMENT OFFINANCIALACTIVITIES
FORTHEYEARENDED 31 DECEMBER 2020
Note Total Total
2020 2019
£ £
Income from:
Donations and similar incoming resources 2 18,611 20,360
Legacies 3 11,000 -
Activities for generating funds 4 81 19,831
Investments 5 2,750 3,022
Total Income 32,442 43,213
Expenditure on:
Raising funds—Christmas tree festival - 2,043
General and publicity expenditure 6 6,887 7,926
Grants payable 7 71,300 51,015
Total 78,187 60,984
Net gains/(losses) on investments 5,471 12,192
Netincome/(expenditure) (40,274) (5,579)
Reconciliation offunds:
Total funds brought forward 164,192 169,771
Totalfundscarriedforward 123,918 164,192

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FRIENDS OF LICHFIELD CATHEDRAL [FELLOWSHIP OF ST CHAD] BALANCE SHEET 31 DECEMBER 2020

----- Start of picture text -----
Notes 2020 2019
£ £ £ £
Fund balances
General funds 123,918 164,192
The fund balances are
represented by:
Investments 1b&9 87,303 81,832
Current assets
Debtors 10 4,511 6,357
CBF deposit 38,829 64,079
Cash at bank and in hand 5,959 14,163
49,299 84,599
Current liabilities
Creditors: Grant 12,000 -
: Other 684 2,239
12,684 2,239
Net current assets 36,615 82,360
Net assets 123,918 164,192
----- End of picture text -----

The Members of the Executive Council acknowledge their responsibilities for:

  1. Ensuring that the Charity keeps accounting records which comply with the Charities Act 2011;

  2. 7 2. Preparing accounts which give a true and fair view of the state of affairs of the Charity as at the | end of each financial year and its financial activities for each financial year in accordance with | the requirements of the Charities Act 2011 relating to accounts so far as applicable to the | Charity.

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These accounts were approved by the Executive Council on 22 April 2021 and signed on their behalf

A J Dorber

} Members of the

N Platts

} Executive Council

| |

  1. Accounting Policies

FRIENDS OF LICHFIELD CATHEDRAL [FELLOWSHIP OF ST CHAD] NOTES TO THE ACCOUNTS 31 DECEMBER 2020

2. Donations and similar incoming resources 2020 2019
£ £
Subscriptions and donations including gift aid 17,726 17,856
Social events surplus 885 2,504
18,611 20,360
3. Legacies
MrsA JDe Hamel 3,000 -
Mrs C L Glover 5,000 -
MrWKenyon-Slaney 2,000 -
Mrs JM Paddock 1,000 -
11,000 -
4. Activities for generating funds
Christmas Tree Festival including gift aid 81 19,831
Other -
81 19,831
5. Investment income
Income from listed investments 2,476 2,443
Deposit interest 274 579
2,750 3,022

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FRIENDS OF LICHFIELD CATHEDRAL [FELLOWSHIP OF ST CHAD] NOTES TO THE ACCOUNTS 31 DECEMBER 2020 [Continued]

2020 2019
£ £
6. General and publicity expenditure
Dean and Chapter— administration 4,200 4,200
Independent examination 720 720
Annual Report and Mailings 1,575 2,614
Trustees’ and public liability insurance 392 392
6,887 7,926
7. Grants payable
Deanand Chapter—
Covid-19 Crisis 5,800 -
NHLF Project 20,000 -
Artist in Residence 18,500 18,500
Covid-19 Recovery (Music) 15,000 -
Big Give Christmas Challenge 2020 12,000 -
St Chad’s Statue - 30,415
Automation ofCathedral clock - 2,100
71,300 51,015
8. Related party transactions and trustees remuneration and expenses Related party transactions and trustees remuneration and expenses
No remuneration or expenses, directly or indirectly, out ofthe funds ofthe Charity was paid or
payable for the year to any trustee or to any person or persons known to be connected to them.
(2019 - £nil).
2020 2019
9. Investments £ £
Investments held at 1 January 2020 81,832 69,640
Net gain/ (loss) on revaluation 5,471 12,192
Investments held at 31 December 2020 87,303 81,832
The Investments comprise
CBF Fixed Interest Securities Fund Shares 5,418 5,236
CBF InvestmentFund Shares 81,885 76,596
87,303 81,832
10. Debtors
Tax repayable 1,371 3,222
Legacies 3,000 1,000
Other 140 2,135
a —____
4,511 6,357