2025-12-31-accounts

THE FRIENDS OF

LIVERPOOL CATHEDRAL

ANNUAL REPORT AND FINANCIAL a STATEMENTS _ FOR THE YEAR ENDED — 318t DECEMBER 2025

,

Charity Registration No. 1122672

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

.

,

THE FRIENDS OF LIVERPOOL CATHEDRAL

CONTENTS

	Page
Trustees’ annual report	1
Independent examiner's report	4
Statement offinancial activities	5
Balance sheet	6
Notestothefinancialstatements	7

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

THE FRIENDS OF LIVERPOOL CATHEDRAL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 318’ DECEMBER 2025

The trustees are pleased to present their annual report for the year ended 318! December 2025.

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) (effective 1% 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 cathedral, its history and its music.

Public 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 charity 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

2025 saw the centenary of the foundation of the friends organisation. A number of events were arranged to celebrate this. The threads through the bible ehibition was sponsored by the friends and drew in large crowds. This was followed by a talk and demonstration by the prayer shawl ministry. A celebration dinner was held and a special service of thanksgiving. A visit was made to calderstones manor and this was followed by a talk by eric cohen about holocust. To round off the year we played host to the national conference of cathedral, friends attended by delegates from all over the country.

Income has continued to be generated through subscriptions, donations and events. We have given substanial amounts towards the new sound system as well as the continued provision of flowers for the cathedral and maintenance of the west end garden.

FINANCIAL REVIEW

Total income for the year was £33,588 (2024: £36,512) of which £nil (2024: E£nil), related to funding for projects upon which restrictions are placed.

Total expenditure for the year was £141,820 (2024: £98,139), leaving a deficit for the year of £108,232 (2024: deficit £61,627).

At 31%* December 2025 the charity’s reserves stood at £196,991 (2024: £305,223) of which £32,901 (2024: £69,868) represented restricted funds.

-l-

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

,

;

.

.

THE FRIENDS OF LIVERPOOL CATHEDRAL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31S8' DECEMBER 2025 Risk Management The main risks to which the charity 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 twenty thousand pounds to cover any debts or liabilities shoud the Charity be dissolved. No members of the committee receive any payment 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 received any financial support from any other sources.

Reserves Policy

.

It is the policy of the charity to maintain unrestricted funds, which are free reserves that allows the charity to continue its activities for three years should no further funding be received.

;

As at the end of the financial year the unrestricted funds totalled £164,090. The charitable company requires £104,853 for 12 months’ running costs.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Friends of Liverpool Cathedral is a registered charity, number 1122672, registered on 7" February 2008. It is governed by its constitution dated 13" July 2003, subsequently amended on 13" 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 representative.

-2-

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

.

.

.

THE FRIENDS OF LIVERPOOL CATHEDRAL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 3158™ DECEMBER 2025

;

REFERENCE AND ADMINISTRATIVE DETAILS	REFERENCE AND ADMINISTRATIVE DETAILS	REFERENCE AND ADMINISTRATIVE DETAILS
Name	The Friends ofLiverpool Cathedral
Charity Number	1122672
Address & Office	Liverpool Cathedral		,		mo
	St James Mount
	Liverpool
	L1 7AZ
Trustees	During the yearmembers	members ofthe Committeewere as			follows:
	Alan S Matthews (Chair)
'	Margaret Palmer
.	Valerie Rooke
	Gratten Williams
Treasurer	Clive Harris
Other Committee	Elsie Ander
Members	Carol Connor
	Alan Cookson
	Neal Barnes			(Chapter representative)
	Margaret Palmer
	Dianne Rothwell
	Ann Trigg
	Mike Trigg
_Independent Examiner	Ying Huang ACCA
	clo LCVS	,
	151 Dale Street,
	Liverpool,				,
	L2 2AH
Bankers	Barclays Bank PLC
	Lord Street	=>
.	Liverpool
	L2 1TD
Signed on behalfofthe	Trustees
y
Alan Macon
Trustee - Chair
pate:ALMaes	2026			:

,

-3-

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

|

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE FRIENDS OF LIVERPOOL CATHEDRAL

_ | report on the accounts of the charity for the year ending 31° December 2025 which are set out on pages 5 to 13.

7 The charity's trustees are responsible for the preparation of the . Respective accounts. The charity's trustees consider that an audit is not responsibilities of required for this year under section 144 of the Charities Act 2011 trustees and examiner (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, e 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

• e to state whether particular matters have come to my attention.

• My examination was carried out in accordance with general

• Basis of independent Directions given by the Charity Commission. An examination examiner's statement 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 fair’ 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

• _ StatementIndependent examiner's attention:(1) which gives me reasonable cause to believe| that in any material respect the requirements:

  • e to keep accounting records in accordance with section 130 of the Charities Act.

==> picture [2 x 2] intentionally omitted <==

----- Start of picture text -----
.
----- End of picture text -----

• e 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.

Name: Ying Huang; [ — DF051AE92EBD4B6...Signed by: Relevant professional qualification or body: ACCA Address: c/o LCVS 151 Dale Street, L2 2AH Dated: 2.0...17 0cMarch 2026 cece cee ce eee ee eee

==> picture [2 x 1] intentionally omitted <==

----- Start of picture text -----
‘
----- End of picture text -----

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

THE FRIENDS OF LIVERPOOL CATHEDRAL	THE FRIENDS OF LIVERPOOL CATHEDRAL	THE FRIENDS OF LIVERPOOL CATHEDRAL		.
STATEMENT OF FINANCIAL ACTIVITIES		FOR THE YEAR	ENDED 315?	DECEMBER	2025
	Notes	Unrestricted	Restricted	Total	Total
		Funds.	Funds	Funds	Funds
;		2025	2025	2025	2024
Income and endowments from:		£	£	£	£
Donations and legacies	2a	17,964	-	17,964	20,556
Other trading Activities	2b	7,576	-	7,576	790
Investments	2c	8,048	-	8,048	15,166
Total income		33,588	-	33,588	36,512
Expenditure on:
Raising Funds		7,192	-	7,192	450
Charitable Activities	3	97,661	36,967	134,628	97,689
Total expenditure		104,853	36,967	141,820	98,139
Net expenditure, netmovement infunds		(71,265)	(36,967)	(108,232)	(61,627)
Total funds brought forward	9, 10	235,355	69,868	305,223	366,850
Totalfundscarriedforward	8-10	164,090	32,901	196,991	305,223

The notes on pages 7 to 13 form part of these accounts.

All the above amounts relate to continuing activities of the charity.

-5-

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

.

THE FRIENDS OF LIVERPOOL CATHEDRAL BALANCE SHEET AS AT 315’ DECEMBER 2025

	Notes	Notes	315*December 2025	315*December 2025	3158	December 2024	December 2024
			£	£		£	£
Fixed assets		4		-			-
Investments		5	,	139,382			-
Current assets					,
Debtors		6	-			-
Cash at bank and in hand			58,347		305,933
			58,347		305,933
Current liabilities	,
Creditors: amounts falling due within one year		’	(738)			(710)
Net current assets				57,609			305,223
Total assets lesscurrent liabilities				196,991
Funds:				£			£
			.
Unrestricted funds		8,9		164,090			235,355
Restricted funds	8, 10			32,901			69,868
				196,991			305,223
Approved and authorised for issue by		the	trustees on	.................cccccceceeeeeeeeeseeeseeee and
signed on their behalf by:
MSToth AlanMatthews Trustee, Chair			¢sP-—>— CliveHarris. fosfre Treasurer .

|

.

.

-6-

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

;

THE FRIENDS OF LIVERPOOL CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 318' DECEMBER 2025 .

1. Accounting Policies

.

Basis of accounting

_ TheRecommendedfinancial statementsPractice: Accountinghave beenandpreparedReportinginbyaccordanceCharities preparingwith thetheirStatementaccounts ofin 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 recognised at cost or transaction value unless otherwise 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 resources 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 restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund.

Income recognition

All income is recognised once the charity has entitlement to the income, 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. 0

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 & investment income and is recognised when the amount is certain. Expenditure recognition ,

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that settlement will be required, -and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accrual’s basis. All expenses, including support costs and governance 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.

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

THE FRIENDS OF LIVERPOOL CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315' DECEMBER 2025

,

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 governance costs relate to the management and operation 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. . .

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 ‘Other 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 becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when 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 balances, 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 financial 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. Derecognition of financial liabilities .

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. ,

Taxation

Income and gains are exempt from taxation as they are applied for charitable 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 estimates 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

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

.

|

THE FRIENDS OF LIVERPOOL CATHEDRAL NOTES TO.THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 318’ DECEMBER 2025

==> picture [1 x 1] intentionally omitted <==

----- Start of picture text -----
,
----- End of picture text -----

• . that 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 estimate is revised where the revision affects only that period, or inthe period of the revision and future periods where the revision affects both current and future periods.

2. Income and endowments from

			Unrestricted	Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2025	2025	2025	2024
a.	Donations and legacies			£	£	£	£
	Donations		.	3,140	-	3,140	11,490
	GiftAid Membership subscriptions			4,206 10,618	- -	4,206 10,618	- 9,066
			.	17,964	-	17,964	~—-20,556
	Income from donations and legacies for2024 related wholly to unrestricted funds
b.	Other trading activities			£	€£	£	E
	Outings and Events			7,576	-	‘7,576	790
	Incomefrom othertrading activities for2024		2024 related whollyto unrestricted funds
c.	Investments			£	£	£	£
	Investment Income			8,048	-	8,048	-
	Bank Interest			-	-	-	15,166
				8,048	-	8,048	15,166
	Income from investments for2024 related wholly to unrestricted funds
3.	Expenditure on charitable	activities
				Direct	Support&	Total	Total
				Charitable	Governance
		,	Expenditure		Costs	2025	2024
				£	£	£	£
	To promote and support any	charitable
	activities calculated to preserve and			130,878	3,750	134,628	97,689
	beautify the cathedral, its history, and
	itsmusic.

-9-

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

_ THE FRIENDS OF LIVERPOOL CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315' DECEMBER 2025

a. Analysed as follows:

.

		.
		.	2025		2024
		Direct charitable expenditure:		£		£
		Chapter gifts	40,000		6,700
		Organ scholarship	90,878		89,743.
			130,878		96,443
		Support& Governance costs:	£		£
		Office costs	1,084		380
		Lawn master	367	:	156
		Accountancy	738		710
_		Travel	61		-
		Professional fees	1,500		-
		)
			3,750		1,246
		Totalexpenditure oncharitable activities	134,628		97,689
		£36,967 (2024: £89,743) ofthe above expenditure is restricted expenditure
	b.	Particulars ofemployees:
		Therewere no employees during the period ended 318 December 2025				(2024:	none).
		The Trustees are not remunerated for their services.
		No out-of-pocket expenses were reimbursed to trustees in the			year (2024: fnil).

There were no employees during the period ended 318 December 2025 (2024: none). The Trustees are not remunerated for their services.

.

4. Tangible fixed assets

, There were 5. Investments

There were no tangible fixed assets as at 318 December 2025 (2024: nil).

2025 A , value at 18' January 2025 - Transfer 231,334 Income 8,048 Withdrawals (100,000) value at 31St December 2025 139,382 .

6. Debtors

There were no debtors as at 31S December 2025 (2024: nil).

—

.

. -10-

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

7

THE FRIENDS OF LIVERPOOL CATHEDRAL — NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 318’ DECEMBER 2025

7. Creditors

.

			2025	2024
	;		£	£
	Accruals		738	710
8.	Analysis of net	assets	between funds
	2025		Tangible Fixed		Net	Current
			Assets	Investments		Assets	Total
	Unrestricted Funds		£	£	.	£	:
	General Fund		-	32,037		24,708	56,745
	Legacies		-	107,345		-	107,345
			-	139,382		24,708	164,090
	Restricted Funds
	E Golby Legacy		-	-		32,901	32,901
	Totals		-	139,382		57,609	196,991
	2024		Tangible Fixed	Net Current
	Unrestricted Funds		Assets £	Assets £		Total £	.	.
	General Fund		-	128,010	=	128,010
	Legacies		-	107,345		107,345
			-	235,355		235,355
	Restricted Funds
	E Golby Legacy		-	69,868		69,868
	Totals		-	305,223		305,223

:

)

-ll-

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

|

THE FRIENDS OF LIVERPOOL CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315? DECEMBER 2025

9. Unrestricted Funds

.

Oe

					Movements in the Year	Movements in the Year	Movements in the Year
.
	2025		.	Funds	Income		Expenditure	Funds
				at Beginning				at End
				ofyear				ofYear
				£		£	£	£
				.
				———-
General Fund				128,010		33,588	(104,853)	56,745
Legacies				107,345		-	(-)	107,345
				235,355		33,588	(104,853)	164,090
	2024			Funds	Income		Expenditure	Funds.
				at Beginning				at End
				of year				ofYear
				£		£	£	£
General Fund				99,894		36,512	(8,396)	128,010
Legacies		;		107,345		-	(-)	107,345
				207,239		36,512	(8,396)	235,355
General Fund is		used to finance the charity's general activities					and core costs as outlined in
the Trustees’ Report.
Legacies	received to		be used for the charity general		activities and core costs.
10.Restricted	10.Restricted Funds
					Movements in the Year
	2025			Funds	Income		Expenditure	Funds
				at Beginning				at End
				ofyear				ofYear
				£		£	£	£
E Golby Legacy				69,868	.	_	(36,967)	32,901
				69,868		-	(36,967)	32,901
	2024			Funds	‘Income’		Expenditure	Funds
				at Beginning				at End
				ofyear				ofYear
				£		£	£	£
E Golby Legacy				159,611		-	(89,743)	69,868
	)				159,611		-	(89,743)
				.
				-12-

, Legacies ; 107,345 - (-) 107,345 207,239 36,512 (8,396) 235,355 General Fund is used to finance the charity's general activities and core costs as outlined in the Trustees’ Report.

10.Restricted Funds

Docusign Envelope ID: F79EE72F ~~-~~ 9C71 ~~-~~ 4C8A ~~-~~ A36C ~~-~~ 5B3D282182C4

THE FRIENDS OF LIVERPOOL CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315’ DECEMBER 2025

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 Cathedral and choral scholarship

11.Guarantees and Other Financial Commitments

At the year-end there are no financial commitments under non-cancellable operating leases (2024: ENil).

12. Related Parties

There were no related party transactions during this or the previous year which require disclosure.