THE FRIENDS
OF
LIVERPOOL CATHEDRAL
ANNUAL REPORT AND FINANCIAL
STATEMENTS
FOR THE YEAR ENDED
31st DECEMBER 2024
Charity Registration No. 1122672

THE FRIENDS OF LIVERPOOL CATHEDRAL
CONTENTS
Page
Trustees, annual report
Independent examinels report
Statement of financial activities
Balan￿ sheet
Notes to the financial statements

THE FRIENDS OF LIVERPOOL CATHEDRAL
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024
The trustees are pleased to present their annual report for the year ended 31st December 2024.
The financial statements have been prepared in accordance with the charity's constitution,,the
Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS102) {effeGtive 1st
January 2019).
OBJECTIVES AND ACTIVITIES
The Objectives are:
To assist the Chapter to fulfil its duty of worship and contribute to the repair,
maintenance, improvement of and additions to the fabric, furnishings and vestments.
To promote and support any charitable activities calculated to preserve and beautify the
Gathedral, its history and its music.
Publlc Benefit
In considering the objectives and activities, the Trustees have considered the Charity
Commission's guidance on Public Benefit to ensure that the organisation is meeting its Public
Benefit requirements.
Membership
Membership of the Gharity is open to all those who are interested in furthering the aims of the
charity. The charity is managed by a committee, which reports to the members at the Annual
General Meeting each year. The committee is responsible for maintaining accounting records
and preparing financial statements for each financial period. They are also responsible for
presenting the accounts to the Annual General Meeting together with an Independent
Examiners, Report on the accounts.
ACHIEVEMENTS AND PERFORMANCE
Income has continued to be generated through subscriptions. donations and legacies as well as
fundraising events.
There was a talk and presentation about Ihe collection held in the Elizabeth Hoare Embroidery
Gallery and the restoration work carried out there. A second talk and demonstration was given
by the cathedrals former stone mason.
During the financial year of 2024 we paid for the building and installation of the echo Organ and
the repair and refurbishment of the remaining cross gild maces. Together with the Duchy of
Lancaster, we paid for improvements to the westem approach to the cathedral.
We part commissioned a piece of music and two stained glass panels to commemorate the
Catherdrals Centenary. We helped to sponsor the SCIene￿ and faith day in conjunction with
Liverpool University as well as making our annual contribuition for the provision of flowers and.
the mainitenace of the west end garden.
FINANCIAL REVIEW
Total income for the year was £36,512 (2023: £44,205) of which £nil (2023: £nil), related to
funding for projects upon which restrictions are pla￿d.
Total expenditure for the year was £98,139 (2023: £150.710), leaving a deficit for the year of
£61,627 (2023: deficit £106.505).

THE FRIENDS OF LIVERPOOL CATHEDRAL
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024
At 31st December 2024 the charity's reserves stood at £305,223 (2023: £366,850) of which
£69,868 (2023: £159,611) represented restricted funds.
Rlsk Management
The main risks to which the tharity is exposed as identified by the Trustees have been
considered and systems have been established to mitigate those risks.
In accordance with the Constitution the Committee hold within their finances a sum of bmenty
thousand pounds to cover any debts or liabilities shoud the Charity be dissolved. No members
of the committee receive any payrnent for their services and outgoing costs are kept to a
minimum.
Income was down and had to rely solely on subscriptions, donations and legacies. However,
we have been able to continue supporting the Cathedral during these difficult times. We have
not re￿IVed any financial support from any other sources.
Reserves Pollcy
It is the policy of the charity to maintain unrestricted funds, which are free reserves that allows
the charity to conlinue its activities for three years should no further funding be received.
As at the end of the financial year the unrestricted funds totalled £235,355. The charitable
company requires £8,396 for 12 months, running costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Friends of Liverpool Cathedral is a registered charity. number 1122672, registered on 7th
February 2008. It is governed by its constitution dated 13th July 2003, subsequently amended
on 13th January 2008.
The Charity is managed by a committee consisting of eleven members; five appointed by the
Chapter of Liverpool Cathedral (Chapter), four elected by the Friends at the Annual General
Meeting, a Chair personally appointed by the Chapter and a Chapter representalive.

THE FRIENDS OF LIVERPOOL CATHEDRAL
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
The Friends of Liverpool Cathedral
1122672
Name
Charlty Number
Address & Office
Liverpool Cathedral
St James Mount
Liverpool
L17AZ
Trustees
During the year members of the Committee were as follows:
Mr David Hudson
(Deceased 7th April 2024)
Alan S Matthews (Chair)
Margaret Palmer
Valerie Rook8
Mr Gratten Williarns
Treasurer
Clive Harris
other Commlttee
Members
Elsie Ander
Carol Connor
Alan Cookson
Neal Barnes
Dianne Rothwell
Ann Trigg
Mike Trigg
(Chapter representstive)
Independent Examiner Ying Huang ACCA
clo LCVS
151 Dale Street,
Liverpool,
L2 2AH
Bankers
Barclays Bank PLC
Lord Street
Liverpool
L2 1TD
Signed on behalf of the Trustees"
ci iu6 JOH URARLI.
Alan Matthews,
Trustee - Chair
Date:
D'S
IRb)q4uR

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE FRIENDS OF LIVERPOOL CATHEDRAL
I report on the accounts of the charity for the year ending 31st
December 2024 which are set out on pages 5 to 12.
The charity's trustees are responsible for the preparation of the
accounts. The charity's trustees consider that an audit is not
required for this year under section 144 of the Charities Act 2011
(the Charities Act) and that an independent examination is
needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions
given by the Charity Commission (under section 145(5)(b) of
the Charities Act, and
to state whether particular matters have come to my attention.
Res
ective
res
onsibilities of
trustees and examiner
My examination was carried out in accordance with general
Directions given by the Charity Commission. An examination
includes a review of the accounting records kept by the charity and
a comparison of the accounts presented with those records. It
also includes consideration of any unusual items or disclosures in
the accounts and seeking explanations from the trustees
concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit, and
consequently no opinion is given as to whether the accounts
present a 'true and fairf view and the report is limited to those
matters set out in the statement below.
In connection with my examination, no matter has come to my
Inde
endent examinerfs attention:
statement
{1) which gives me reasonable cause to believe that in any
material respect the requirements:
to keep accounting records in accordance with section
130 of the Charities Act.
to prepare accounts which accord with the accounting
records and comply with the accounting requirements of
the Charities Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to
enable a proper understanding of the accounts to be reached,
Basis of inde
endent
examineffs statement
Name:
Ying Huang
Relevant professional qualification or body: ACCA
Address: c/0 LCVS 151 Dale Street, L2 2AH
Dated:

THE FRIENDS OF LIVERPOOL CATHEDRAL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
Notes Unrestrlcted
Restricted
Total
Funds
Funds.
Funds
2024
2024
Total
Funds
2023
2024
Income and endowments from:
Donations and legacies
Other trading Activities
Investments
2a
2b
2c
20,556
790
15.166
20,556
790
15,166
31,799
1,205
11,201
Total income
36,512
36,512
44.205
Expenditure on:
Raising Funds
Charilable Activilies
450
7.946
450
97,689
473
150,237
89,743
Total expenditure
8,396
89,743
98,139 150,710
Net expenditure, net movement
in funds
28.116
(89,743) {61,627) (106,505)
Total funds brought forward
207.239
159.611
366,850 473,355
Total funds carried forward
235,355
69.868
305,223 366,850
The notes on pages 7 to 12 form part.of these accounts:,
All the above amounts relate to continuing activities of the charity.

THE FRIENDS OF LIVERPOOL CATHEDRAL
BALANCE SHEET AS AT 31ST DECEMBER 2024
Notes 31 St December 2024 31 St December 2023
Fixed assets
Current assets
Debtors
Cash at bank and in hand
305,933
367,510
305,933
367,510
Current liabilities
Creditors: amounts falling
due within one year
{710)
(660)
Net current assets
305,223
366,850
Total assets less current
Ilabilities
305,223 '
366,850
Funds:
Unreslricted funds
Restricted funds
235,355
69,868
207,239
159,611
305,223
366,850
Approved and authorised for issue by the trustees on
signed on their behalf by:
and
Alan Matthews
Trustee, Chair
Clive Harris
Treasurer

THE FRIENDS OF LIVERPOOL CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
1. Accounting Policies
Basis of accounting
The financial statements have been prepared in accordance with the Statement of
' Recommended Practi￿. Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS102) (SORP 2019) effective 1st January 2019 and Charities Act 2011.
The financial statements have been prepared under the historical cost convention with Items
recognlsed at cost or transaction value unless otheDJvise stated in the relevant note(s} to
these accounts.
The financial statements are prepared in sterling, which is the functional currency of the
charity. Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS
102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the
Charity has adequate reSoUr￿S to continue in operational existence for the foreseeable
future. The Trustees have therefore adopted the going concern basis of accounting in
preparing the accounts.
Fund accounting
Unrestricted funds are the charity's free reserves available for the trustees to apply in"
accordance with the charitable Company's charitable objectives.
Restricted funds are subject to specific restrictive conditions imposed by the donor. All
restriGted funds are accounted for as restricted income and expenditure for the purposes is
charged to the fun'd.
Income recognition
All income is recognised once the charity has entitlement to the inGome, there Is sufficient
certainty of receipt and so it is probable that the income will be received, and the amount of
income receivable can be measured reliably.
Donations and legacies comprise of donations and general grants which are recognised in
the accounts when received, with the exception of known legacies which are accounted for
when their receipt is certain.
Income from other trading activities relates to outing and events and is recognised when the
amount is certain.
Income from investment relates to bank interest received and is recognised when the
amount is certain.
Expenditure recognition
Liabilities are recognised as soon as Ihere is a legal or constructive obligation committing
the Gharitable company to that expenditure, it is probable that settlement will be required,
and Ihe amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual's basis. All expenses. includlng support costs
and govemance costs, are allocated or apportioned to the applicable expenditure headings
in the Statement of Financial Activities. Support and governance costs are applied to
unrestricted funds unless specifically included in the restrictions, as specified by the donor.

THE FRIENDS OF LIVERPOOL CATHEDRAL
NOTES TO THE TrilNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
Expenditure on charitable activities relate to the operation of the charity comprising of direct
charitable expenditure to meet the objectives of the charitable company. Support and
govemance costs relate to the management and operatlon of the organisation and also
compliance with constitutional and statutory requirements in producing the annual report.
These are dealt with in the Statement of Financial Activities when payment has been
approved by the charitable company.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less. and bank
overdrafts.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments,
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in the charity's balance sheet when the charity
beGomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, wlien there is a legally enforceable right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and .settle the liability
simultaneously.
Basic financial assets
-Basic-financial assets,. which include debtors and cash and bank balan￿s, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present value of the future
receipts discounted at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.
Basic flnancial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market
rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest
rate method.
Derecognitlon. of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are
discharged or can￿lled.
Taxation
Income and gains are exernpt from taxation as they are applied for Gharitable purposes only.
The charitable company benefits from various exemptions from taxation afforded by tax
legislation and is not liable to corporation tax on income or gains falling within those
exemptions.
Critical accounting estimales and judgements
In the application of the charity's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities

THE FRIENDS OF LIVERPOOL CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
Ihat are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to
accounting estimates are recognised in the period in which the eslimate is revised where
the revision affects only that period, or in Ihe period of the revision and fulure periods where
the revision affects both current and future periods.
2. Income and endowments from
Unrestrlcted Restrlcted
Funds
Funds
2024
2024
Total
Funds
2024.
Total
Funds
2023
Donatlons and legacies
Donations
Gift Ald
Legacies
Membership subscriptions
11.490
11,490
2,561
15,559
13,679
9.066
9,066
20,556
20,556
31.799
Income from donations and legacies for 2023 related wholly to unrestricted funds
b. Other trading actlvltles.
Outings and Events
790
790
1.205
Income from other trading activities for 2023 related wholly to unrestricted funds
. Investments
Bank Interest
15.166
15,166
11,201
Income from investments for 2023 related wholly to unrestricted funds
3. Expenditure on charitable actfvitles
Direct Support & Total
Charitable Governance
Expenditure
Costs
Total
2024
2023
To promote and support any charitable
activities calculated to preserve and
beautify the cathedral, its history, and
its music.
96,443
1,246 97.689 150,237

THE FRIENDS OF LIVERPOOL CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ST
a. Analysed as follows:
2024
2023
Direct charitable expenditure..
Chapter gifts
Organ scholarship
6,700
8Y,743
59,987
89,350
96,443
149,337
Support & Governance costs."
Office costs
Lawn master
Accountancy
380
156
710
240
660
1,246
900
Total expenditure on charitable
activities
97,689
150,237
£89,743 (2023: £89,350) of the above expenditure is restricted expenditure .
b. Particulars of employees..
There were no employees during the period ended 31st December 2024 {2023: none).
The Trustees are not remunerated for their services.
No out-of-pocket expenses were reimbursed to trustees in the year (2023: £n il).
4. Tangible fixed assets
There were no tangible fixed assets as at 31st De￿mber 2024 (2023: nil).
5. Debtors
There were no debtors as at 31st December 2024 (2023: nil).
6. Creditors
2024
2023
Accruals
710
660
10-

THE FRIENDS OF LIVERPOOL CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sf DECEMBER 2024
7. Analysis of net assets between funds
2024
Tangible Fixed Net Current
Assets
Assets
Total
Unrestricted Funds
General Fund
Legacies
128,010
107,345
128,010
107,345
235,355
235,355
Restricted Funds
E Golby Legacy
69,868
69,868
Totals
305.223
305,223
2023
Tanglble Fixed Net Current
Assets
Assets
Total
Unrestrlcted Funds
General Fund
Legacies
99,894
107,345
99,894
107,345
207,239
207,239
Restricted Funds
E Golby Legacy
159,611
159,611
Totals
366,850
366,850
8. Unrestricted Funds
Movements in the .Year
Income Expenditure
2024
Funds
at Beginning
of year
Funds
at End
of Year
General Fund
Legacies
99.894
107,345
36,512
(8,396)
128,010
107,345
207239
36,512
(8,396)
235,355

THE FRIENDS OF LIVERPOOL CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
2023
Funds
at Beginnlng
of year
Income Expenditure
Funds
at End
of Year
General Fund
Legacies
132,608
91.786
28,646
15,559
{61,360)
99,894
107,345
224,394
44,205
{61,360)
207,239
General Fund is used to finan￿ the chaiity's general activities and core costs as oullined in
the Trustees, Report.
Legacles received to be used for the charity general activities and core costs.
9. Restricted Funds
Movements in the Year
Income Expenditure
2024
Funds
at Beginning
of year
Funds
at End
of Year
E Golby Legacy
159,611
{89,743)
69,868
159,611
(89.743)
69,868
Movements in the Year
Income Expenditure
2023
Funds
at Beginning
of year
Funds
at End
of Year
E Golby Legacy
248,961
(89.,350)
159,611
248,961
{89.350)
159,611
These are monies given to the Charity to be spent at the discretion of the Board of Trustees
for specific charitable purposes, as follows:
E Golby Legacy - Contribution towards providing music in the Cathedral and build of the
last section of the organ in the Calhedral and choral scholarship
Organ Scholarship Donation - Contribution towards organ scholarship
10. Guarantees and Other Financial Commitments
At the year-end there are no financial commitments under non-cancellable operating leases
{2023: £Nil).
11. Related Parties
There were no related party transactions during this or the previous year which require
disclosure.
12-