Cth"¢hcster Cathedral Friends
REGISTERED CHARITY NUMBKIL" 1158498
Report of Ihe Trnstees
Statanettts forthe Year Ended 31st M•rh 2023
for
Chiekester Catbedrni

Ckn'chesler Cathedral Friends
Contents of th¢ Financial Statements
for the Year Eaded 31st March 2¢Y23
Page
ReEM)rt of the Tnjstees
Ito4
IndeFe￿Ient Examin&s Report
Statell*nt of FIna￿la1 ActThTiti&s
Balar￿ S]*
8￿13
Detailed Ststemem of Fi￿¢￿1 A(tiviii49
14

Chlth¢s¢¢r CathedMI Friendx
Rep)rt of the Thi*ees
forthe YearEnded 318t Marth 2023
The ￿Ste¢S present theirTeprt Thith the financial statements of the charity for theyear ended 31st Ma￿h 2023.
The Financial Statements have been prepared in accordance with the accowiting p)licies set oul in note l and
conTrply with the charity'5 governing constitution, the ChaTities A¢t 2011 8nd with the Financial R¢poTttng
Standard applicable in the UK and Republic of Jr¢latMI (FRS 102) (eff¢ctivc l January 2019).
The trus*es Conf￿ that th¢y have had regard to the Charity Commission's guidance on publi¢ b￿erit
The trnsie¢s have considered the objects of the Charity and ar¢ sats'sfied that they fulfil the requirements of
public benefiL to ￿VanCe religion by &ssisting in the supwrt of the Dean & Chapter of Chi¢hester Cathedral
and ¢ontributmg both finaneÈally and tn other apprOpri￿C ways to the pr¢s¢rvation. m4intcnanc< emban￿ment
and ministy of Chichester Catlrtha].
OBJECTIVES AND ACTtVlTIES
ObJtttlve8 and ai
The objects of the CIO are to ￿VanCe rclxgion by wisting in the support of thc Cathedral and conlributing
th fmancially and in oth¢r appropriate ways to its preservation, mainten8nce, cnhan¢ement and ministy and
in furtherance the￿Of but not otherwryse to.,
en¢ourJge and nurture public interest in the Cathedral in the local community, the th'ocese 2nd
the wider worliL'
assist and svpport the Dean and ihe Cathedral Chapter in moint￿nIng and improvin8 the facilities.
and servi¢¢s, and io develop and promote th¢ Cathedral's mission.
GrantmAkin
The tyst¢es hav¢ approved the following grant requests from Dean & Chaptcr in the year to 31st March 2023..
Rttording of Thomas Weelk¢s' music
Organ camera tystem
£14.160
Choir Casso¢ks
£10.876
Liiiing of the B¢nker-Schinn¢r Tapesty
£5.500
Cath¢drd Flowus
£14,000
£2,(H)O
The annual payment in support of a Cathedral thorister was also made in the sum of £12,(Y)O this being Anet
from the r¢stricted fwid held by th¢ Charity.
ACHIEVEMENT AND PERFORMANCE
Event$
ju￿ before last year's AGM. the Friends gathered for a lU￿h in cA￿Trn Lane to ¢elebTate the ia* Queen's Plaumun
Jubil¢¢. Around foty p￿pIeC￿j0YCd aft¢r-IuTKh talk by fortncrAnth and SollthDowtLg MP. Nick He￿CTU now
ennobl¢d as ￿[d He￿¢rt of Sollth Down5.
Tr programme of events ￿ntInued dwing the late summer urtil year's end our regdar Saturday ￿ffee
n￿rning5 IKld on ff￿st Saturday in the month and 'Book after BreakEa*' events.
DunTrg Novern￿r, tlr Friends supw)rtcd the natioml 'Kindneu Day by ￿VIng a number of tickets for free coffees
¢ustomeTs at som¢ of the smatlcr 1tmtiv￿uat café busi￿SseS in Chi¢hester.
Tr 2022 eventscon¢ludedwith our se(x)ndAdventC0￿ert ￿Venby Theotterconsort C￿lrof Chickst¢rUniVe￿ity
music fawlty. perforKo¢d in Vicats, Hall and atteThled by arouAI sixty ￿n]be[S of authn(Y.
With atrivai of 2023, the FrieTrJs ¢el¢brnted Epwlw with a lunch ]k)sted at chiC￿￿er College's Res1(Thrant 64.
Th¢ lunch conclud¢d with a mos% int¢rcstsng talk alK)llt tk eslablisljnwt of The National Ath)retum giv¢n by Col.
John Bad(shitr a fOrn￿r who hel￿1 estabhsh the nth'orni memonal.
Pa8e I

Rqbort of the Th1stee$
for the ye￿ Ended 318t Mar¢b 211LI
FINANCIAL REVIEW
lllvestment policy objeL*fveJ
The trust¢es have constdered during th¢ ￿llrSe of the y¢ar its policy towwds th¢ investment of surplus funds in
order to maximi2e a retttrn on Ih)se funds.
The ttustees r¢¢ognise that any investment held should be capable of bemg re&ldy convthed to cash should the
Dean & Chapt¢r of Chichester Cath¢dral request a levcl of gmt funth'ng above nornial ca%h ￿SerV¢s, Also
th¢ tNstees attitud¢ io risk is ass¢ssed as being low.
In line with the above policy £450.000 was initsally invested with M & G Inves(ments in their Charifund.
During the coursc of the last year £25,0(10 w&$ divest￿ from thi5 inv¢sttncnÈ in order io fund th¢ various grant
requests approved above.
At 31st Mar¢h 2023 the market value of this investment was £319.554 (2022.. £367.658). The investmeni held
with M & G will be ¢105ely moni¢ored and kept under review by the tsvstees in OTder to M&xiMi￿ income and
preserve capiiat invested.
Reservu poM¢y
The trustees hav¢ examin￿ the requircment for reserves in the lighi of the main risks to the orgattisth'on, The
trustecs consider that the most appropriat¢ level of reserves at 31st MJrch 2023 Should equa¢ to six months
adtninistration and publicily ¢ost5. Basedon th¢ expenditurc durittg theyear cndcd 3 l March 2023 thi's amounts
to approx.£7,500. Re$crvcs as * th¢ balancc sh¢¢t dale ar¢ substiyitiaily in excess of this figure.
thtring the year total inwme amounted to £52,736 (2022.. £43.413). ¢xpendilurc amounted to £75,06012022..
£167.304} and unrcalised losses on invcsDnents amounted lo1£23.104) (2022.. gain of £22.682). resulting
a deficit of £45.427 (2022.. d¢ficit (£99,209).
At 31 Mar¢h 2023 total funds were £329,614 (2022.. £375.041) of wknch £181,298 (2022.. £226,088) was
restn'¢ied. Detwls of the restrict￿ fund ¢an be found on p88es 11 & 12 of the$e financial statements.
FUTURE PIANS
Th¢ Trustee$ are grateful for the continued support ofthe members through payment of their subscriptions as
th¢y fail du¢ and th¢5e will enable th¢ Charity ￿ continu¢ to fulf￿ its financi￿ obligations. The Thst¢¢s are
committed to continuing their support of the work gnd mission of the Chapter of Chichestcr Cathedr21.
STRUCTU￿ GOVERNANCE AND MANAGEMENT
Governing d(wtheDt
Chichester Cathedral Friends is a Charffttable Incorporatol (kganisation (CIO). The fwst meeting of the tswstees
of Clu'chester C&hedral Friends was h¢ld on Friday 24th October 2014. Chithester Caihedral Friends is
governcd by a conststytion that w&$ registered with the Charity Commission on 9th S¢ptcmber 2014 and the
Charity Rcgistration Number is 1158498.
The charity took over the charitable a¢tivits"es of Friends of Chichester Cath¢dral (registered chgn'ty number
208649) with effcct from l November 2014. This charity will remain registered but dorniaot in the fvture.
Due io c¢)mJnon Trustees Friends of Chichestcr Cathedral is considered a r¢lated party.
Ory*niutlonal atrndure
Chichest¢r Cathedra] Friellds is run and managed by a bo8rd of tsi]stees. The number. method of
appointment and penod of oifice of th￿teeS is l￿f￿ed in the constitution. The constitub'on pn)vides for the
trust¢¢s to eled a chairnian from amongst thwselves.
The trustees have def￿￿ the following Honorary oifi¢er roles.. chairn18ty VIC￿h¥￿￿an. secrctary. treasurer
and Anunbership Secretary. AppointLuents to these roles will be ￿VI¢wed annually ty the Trustees. We held
thTe¢ Trnstees meetings over the year. with th¢ scheduled July meeting C￿Celled due to hobday absences.
Page 2

khes¢erCathedrAI Frft]hd$
Report of the Trnstef5
for the Year Ended 31st IkTarch )n3
STRUCTURE, GOVERNANCE AND MANAGEMENT
Membenhip
The trust¢es were saddcncd to learn of the deaths of 23 m¢mb¢rs during the past ycar. The number of new
m¢mbexs past year has been 53. The iothl twmb¢rof m¢mbers at 31￿Ma[ch 2023 staTrls at 943.
We aTe pleased to rport that th¢ transfer of CCF tecords to the n¢w Cathedral D*abase is complete.
During th¢ ¢ours¢ of the yeaT the trnstees continll¢d to monitor any potential risks to thc Charity, in line with
the tern]s and procedures of th¢ Risk A5sesstnenl register and io take any action whi¢h they feli appropriaie to
mitiggte any such risks.
Tr overall conclusion of th¢ committe¢ ￿maInS that the Charity has appropriaLe syslems in place to mitig8te
those risks idcntificd and any consequent losses that mighi aris¢. The Rksk Registcr will continue to be
Teviewed on an annual basis and amended &s r¢quired.
AnDUAI CcncTAI Meeting 1122
Aft¢1 y¢aJ¥ of unablc to hold th¢ AGM in P¢Tson du¢ lo pat￿. the 2023 AGM was held in t
nave on ThuT*. 16th 2022.
Apptoximatety eighty p¢opl¢ atteAkd the AGM. The 8uest S￿k¢rforthe afte￿￿n was Air Vice.Marshal Michael
Harwood RAF.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglytered Cb4rity number
1158498
PriocipAI addresi
The Hon Secrelary
The Royal Chantry
Cathedral Cloisters
Chichester
West Sllssex P019 IPX
Electel Trnstw 4t 31. MArch 2023
Mr H Castle-smith.. Secretary
Ms M Gib50n
Mr B David
Mr M Gill.. Chaim8n
Mr A Kean.. Treasurer
Mr J Siebert
Ms P Sullivan
Mr G Too1¢-M￿k8on JP.. Vic¢ Chaiman
Trnstets wbo ResiRned in the pern)d Aprfl 2022 to Marth 2023
The Very Reverend Steven Waine
Fenelia Godb¢r
P88e 4

Chicheiter Cathedral FrAthds
Rellortof tht TTU$tees
for the Year Eknded 31st M•rch 2023
Independent Examiller
D Setch¢ll
21 St Bk)rtholoniews Closc
Ckn'¢hestcr
West Sussex P019 3EP
Homor#ry 0￿￿er1
H Castle-smith - Seu¢tary
A Kcan - Tre&sur¢r
J Gardner. Memberslu"p Secr
Appmved by order of th¢ board of trust¢¢s on 25th April 2023 &TKI signed on it5 behalf h.:
MGil
- Trustee
PaBe 4

Independent BxathÉneV¥ Report to the Trustees of
Cbi¢huter C*hedrai Fiiends
Independent examiner's Teport to the trnstees of Chlchester Cathedral Friend$
I report to the charty trnstees on my examination of the w>wits of Chtht¢r Cathedral Friends (the
Trust) for the year ended 31st M8rth 2023.
Re5POn5ibilities ADd ba8i5 of wort
As thc charity trustees of the Thist you are resEM)llsible for the PTep8ration of the acix)mlis in ￿rdatrCe with
th¢ requÉrements of the Charities Act 2011 (th¢ Act?.
I report in r¢5peci of my examination of the Trust¥ ￿Oll￿ts ¢aTried out under section 145 of the Aa awl in
canyll￿ Outmyexamination I have followed all appli¢able Direction8 glven ty the Charity CommA5SiI)n llnder
section 145(5)(b) of the Act
Indepelldent ￿aminer'S statement
L have completed my exarnination. l ¢onfirni that no matsial matters have come to ￿Y attention in connection
with the ¢xamination ￿VIng me cause to believe ill any Jnaterial respect..
coimting records wer¢ not kept in r¢spect of the Trnst 8$ requir¢d by section 130 of the Act. or
the accowits do not accord with those records. or
the accounts do not compty Mith the applicable requirnn¢nts concerning the forni and content or
)unts set out in the Chariti¢s {Accounts and Reports) Regulats'ons 2008 othw than any r¢quirem¢nt
that the accounts give a true and fair view which Is not a matttt ¢onsidered &% part of an ind¢pend¢nt
exaujinatson.
I have no concerns and have corne a¢ros5 noothermatters inconn*tion with th¢ examinaton towkn'¢h attentson
should be drawn in this report in ord¢rto enable a proper understsnding of the accounts to b¢ reathed.
D Setchell
21 St Bartholomews aose
Ch'chestcr
West Sussex P019 3EP
Page 5

ChithcsterCAthedral Fr￿￿$
Stotethent of Finalleial ALthitie&
for tbeYeAr Ended 31&t March 20
2023
Total
funds
yi
Total
Funds
Note5
YCOME AND ENl￿WME￿fs FROM
Donations and legacies
29.839
29.839
24,086
Other trading a¢tivities
Investhi¢nt income
3,447
7.930
3,447
19,450
11,520
Totsl
41.216
11.520
52,736
45,413
EXPENDITURE ON
Charitable actiiTrties
Charitable %tiTrities
Support Costs
30.630
1,804
42,626
TJ256
1.804
160.530
6.774
Trtal
31434
42.626
75.060
167J04
Net loss on investments
(9.419)
113.684)
(23,0141
22.682
NET INCOMFI(EXPENDrfuRE)
(637)
{44.790)
{45,427)
(99,209)
RECONCILIATION OF FUNDS
Total fund$ bpmght forw*nl
148,953
226,088
375.041
474.250
TOTAL FUNDS CARRIED FORWARD
l48.316
181.298
329.614
375.041
The not¢5 fonn part of these fina￿121
statanajts
Page 6

ChiehesteTC*thedr41 ￿￿1￿￿dI
BaLw¢e Sheet
31st Ma￿h 2023
2023
Totsl
fimds
2022
Totsl
f￿d$
fund
Notes
FIXED ASSKIS
Investm¢nts
124.096
195,458
319.554
367,658
CURRKNT ASSETS
Debtors
Cash at bat)k and in hand
io
1.772
1,772
81
39.327
39227
34.860
CREDIIX)RS
Amounts falling ¢lue within one y¢4r
NET CURRENT ASSKIS
TOTAL ASSETS LESS CURRKNT
LL4BILYIJES
148,316
181.298
329.614
375.041
NET ASSE78
12
Urtrestyicted fwids
Restricted fimds
148,316
148.931
TOTAL FUNDS
The fin&D¢ial statements were apwved bl, the Board of Trn5tees and authorised for issue on 25 A￿1 2013
and wete sigml on itsbehalfby
M &ll- Trus
The notes fomi pth of these finallciai 5tatcment5
Page 7

Cblthttterc*thed￿ Frf￿d8
to the
forthe YearEDded 31st Mar¢h 2023
ACCOUNTING POLICILS
B4815 of preparing the financlal
Tr ru￿￿al staiements of the charity, wlu'ch is a pthlic be￿fitetit1ty und¢rFRS 102. Iwv¢ been prep8r¢d in
a¢¢ordartt with ihe CFwities SORP {FRS 102) 'AccouNing and Re￿rting by Charities.. Sratment of
ReconU￿ndCd Pradice applicablc to charities preparing thet'r a¢¢ounts in ac￿rdanCe with the Fll)wial
R¢porting Ststxlard appticthle in tk UK and Republic of t]rland (FRS 102) {efFective l January 2019).
Financ￿1 Rewrt]"ng Standard 102 Tr Fi￿1￿1 Re￿)rtirtg Statthrd applÈcable in the UK aThl R¢pubhc of
[ffla￿J, aThl th¢ Charits¢s Act 2011. The fironcial ststemems have been p￿pared under h]"stori¢o1 ¢ost
conv¢ntioo with exception of inv¢stments which are included at rnark¢t value. &$ nM)thfied by the
Tevaluation of certain assets.
Financial ￿pOrtIng $tandArd 1O2- rnluced di5clowre exempt￿￿$
The chan'ty h&q taken advanttge of th¢ lollowing dis¢105ure exemptions in pr¢wing tI￿e financial
st8ten*nts, as pemiitted by FRS 102 Tr Financial R¢porting sta￿ applicable in the UK and Republt¢
of I￿lat¥1'.
the requiT¢nYnts of Sec￿)n 7 Statrment of Cash Flow&
Income
All in¢ome is re¢ogniscd in the Statemem of Fina￿lai A¢tivitses onc¢ clwiry kns ¢ntstkment to the
funds. it is PTobable that the income will be received, and that amount bc measur¢d ￿liab￿.
Espcndltu
Liabiliiies att recognised as expendiwTr as soon as there is 8 le821 or ¢onthctive obligation conunttsing
chan.ty to that expernth.￿re, it is probable that a trnnsfer of economic bencfits will be reqlli￿1 in Sett]en￿nt
and the amount of the obligauon can be measured reliably. Expenditure is account¢d for onan a¢¢n￿S basis
and has been classified iindcr ￿ath.￿8$ thai aggregate all cosl r¢latcd to the Ca￿80ry. Where ¢osts ¢annot
dtrcctty attributed to particular h¢ath'n8s they hgve b¢en a]located w &tivities on a basi5 consistent with the
use of resour¢¢s.
Grants offered sllbjcct to condttsonq whith hav¢ I￿t been at the year*ml date are not¢d as a
conimitment bul ￿1 accrncd ￿ cxtenditutr.
Tax4tion
The clwrlty is exemp¢ from t&x on its ¢hantable aaivitse&
Unrcstiict¢d fuThls can b¢ used in accorda￿¢ with th charitsbk objects'ves at the discretion of the t￿lees.
Resth'cted fut¥ls can only be used for wiicular restsicted pu￿OSe8 within ihe obj¢¢ts of clty.
Restrictions alis¢ when wified by tbe dowrorwhen funds ate raisedfor pattiL￿ar restricted purp08¢S.
Fllft￿r explanatiou of the Jlltur¢ and puwise of fund is included in the nots to the f￿13￿131 *atements.
Page 8

ho¢erCathearAI FR*o&
No¢es to the Fkn*netsJ Staten*nts.¢ontknue
for theyear Ended 31¥t M4n* 2023
DONATtONS AND LEGACIL8
2f123
2022
Donations
Gift aid
10.888
3237
lJ75
776
Subsoipts(
29,839
24,086
OThLR TRADING AcTiVrr￿S
2023
2022
Fundraising ev¢nts
INVESTMENT tNCOM
2023
2022
Investh]ent income
l)eposit Account ini•Jest
19,450
19.395
CHAIUTABLL ACTivrrIES COSTS
Grant fimding Support
of Xtivitses
cost$ (see
(see note 6)
note 7)
Cosis
Totals
Charitable aLXivi¢ies
Support ¢osts
14.630
38.626
GRANTS PAYABLE
2023
R¢¢ording of Thomas Weelkes, music
Camera system for organ loft
Rcplacem¢nt ()f choir c&%so¢ks and doaks
FlowLYs for thc ¢athedral
Choristcr f¢¢s
Lining of the Bcnker-Sd)irmer tap¢sty
14.160
10.876
5.500
2.000
12,090
SiIPPORT COSTS
Governance
costs
Finauce
Totals
Support cA)sts
PA8* 9

ChlthtsterCath¢dral Fthtd8
N•te¥ to the Fuw143wi Ststen￿￿ts-￿ThlInUta
hr the YeArEthded 31st Marth 2023
TRUSIEES, REMUNERATION AND BENEF115
Thcre w¢re no tritstees. r¢mun¢ration or other b¢nefits for the y¢ar ended 3 1st March 2023.
Trnstees, expen8
Ther¢ were no ITUStees' wses paid for the y¢ar ended 314 Mor¢h 2023.
FIXTD ASSET
Listed
investments
At 1st Apnt 2022
Dwsa15
367,658
{25,000)
23
At 31st Ma￿h 2023
NKT BOOK VALUE
At 3 1st March 2023
At 31st March 2022
367
Ther¢ were no investrnent &%S¢ts outst'de the UK.
PaBe 10

Chxtheatsr Cathe41Thi
N•les to the lkndaiSt•tement#.4Xbntinued
for theY¢ar Ended 318tM*rth 2023
10. DEBTORS: AMOIIKIS FALLING DUE WITHtN ONK YEAR
2023
Trth debtors
debtors
81
11. CREDfroRS: AMOUNIS FALLING DUE W￿H1N ONE ITAR
2023
2022
Trade creditors
Other creditors
608
456
11 MOVEMENT IN FUNDS
Net
At 1.4.22
in fijnds
At 31.3.23.
UDrestNied
Generai fill
148,953
(637) 148.316
Re5¢iieted fund5
Victor Menage LLgacy Fund
29
movement in fund4 included in the abov¢ are as follows:
tncoming Resovrce5 Gains aTKI Movement
losscs
in
Uttrestricted
Gen¢ral fund
41216
(32,434)
(9,419)
{637)
Re5¢iiftsd funds
TOTAL FUNDS
23
Page 11

Chithe8terCathdral
Notes to the FkndAI StAten*nts.upntknued
for th¢YarEnded 31st March 2023
11 MOVEMENT IN FUNDS- ¢ontinu¢d
ComparAtiYe8 formoVeMe￿ in
Nd
mov•nent
At 1.4.21
At 31.3.22
Uttre#ricted futtdi
25S.750
(106.797)
148,953
Restricted fund8
ViC￿Men88¢ Legacy Fund
Compar*ive net movcment in funds, in¢luded in th¢ 8bov¢ are as follows..
tnLX)min8
resources
Resources G*'ns aftd Movement
expended
losses
in fuAds
Unrutrlcted fvndi
General fillMI
36,453
(155.454)
12,204
(106.7971
Re8tri¢¢ed funth
TOTAL FUNIXS
A current year 12 months and prior year 12 tllonths combined position is &% follows..
movemertt
At 1.4.21
At 3 l.3.23
Un￿tricted
Genera] fi￿d
255.750
(107,434)
148.316
Reytrirted fundi
Victor Menage L£gacy Fund
PaBe 12

Chlthe8terC4thedrn] Fdends
Notes to the TrlnaD¢ial St•if4MIts- LX)DtknMed
for the Ye¥JrF4)ded 31st M4￿h 2022
13.
MOVEMENT IN FUNDS. conthw
A ¢UTrent y¢ar 12 nK)nths aNI prioryear 12 tllonth5 combined Jkt I[￿vern¢llt in futmls, I￿lude¥j inthe aknve
aTC as follows..
I￿o￿l￿g
losses
In
UnnJtii¢ted fvnd8
77,669
(187,888)
1785
(107,434)
Restrlded ￿NdS
Victor Mew¢ Lew FuThl
TOTAL FUNDS
Th¢ monies w¢ived fmm thc ¢state of Victor Menage have a restriclion placcd on them. rtstTiCtion is
ihdt all mnies should be uscd for promotson of musi¢ at Ch'cheger CaU*dral. Advice on thebest use
of the fuAls should be sought from the Organisi and Preccntor. The Trustees will acttvely seek thai
thice and ex￿nd the furyi in a¢CoTda￿e with Ksiri¢uon.
RELATED PARTY DISCUISURLS
There We￿ no relat￿1 party ttanSKtiO￿ for d*yeaT end¢d 31st M8r¢h 2023.
Page 13

Chithe#terCathedral Frtthd
D¢tslied Sttt¢anMtof Fknfftneial Adlvllx*
for the YearEnded 31st March 2023
2023
2022
Donatiom attd Itg
tknnations
Grft aid
lrfacie5
Subscriplions
10.888
6299
3J37
lJ75
776
598
29.839
24.086
Other tradillg activities
Fwidraising events
3,447
1,931
Jnvestmfflt in¢ome
Inve5ttnent incom¢
Dq)osit ￿t interest
19.450
19.395
52,736
45,413
EXPENDTfuRE
Office adwin and sw)port
Event &y￿SeS
Mark¢ting exp¢nses
l2.255
1.566
659
150
626
1.039
3,182
Grallts poyable
73256
160.530
Support Costs
184
274
Bauk charges
Governance costs
Accowiiancy and leg81 lees
AGM Costs
192
5.346
Total resources ¢xpend
7SI
167004
12
Net (expettdith￿￿thWMt
This page does not forn) part of the stJtthry finatscial *ltsl]ents
Page 14