Chichester Cathedral Friends
Report of the Trustees and
Financial Statements for the Year Ended 31[st] March 2025
for Chichester Cathedral Friends
REGISTERED CHARITY NUMBER: 1158498
Chichester Cathedral Friends
Contents of the Financial Statements for the Year Ended 31st March 2025
| Page | |
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 12 |
| Summary Income and Expenditure Account | 13 |
Chichester Cathedral Friends
Report of the Trustees for the Year Ended 31st March 2025
The trustees present their report with the financial statements of the charity for the year ended 31st March 2025.
The Financial Statements have been prepared in accordance with the accounting policies set out in note I and comply with the charity's governing constitution, the Charities Act 2011 and with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019).
The trustees confirm that they have had regard to the Charity Commission's guidance on public benefit. The trustees have considered the objects of the Charity and are satisfied that they fulfil the requirements of public benefit, to advance religion by assisting in the support of the Dean & Chapter of Chichester Cathedral and contributing both financially and in other appropriate ways to the preservation, maintenance, enhancement and ministry of Chichester Cathedral.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Charitable Incorporated Organisation (CIO) are to advance religion by assisting in the support of the Cathedral and contributing both financially and in other appropriate ways to its preservation, maintenance, enhancement and ministry and in furtherance thereof but not otherwise to:
-
encourage and nurture public interest in the Cathedral in the local community, the diocese and the wider world;
-
assist and support the Dean and the Cathedral Chapter in maintaining and improving the facilities, and services, and to develop and promote the Cathedral's mission.
Grantmaking
The trustees have approved the following grant requests from Dean & Chapter in the year to 31st March 2025:
£ CCF 53 for Choir Cloaks and Ties £8,000 CCF 55 Epiphany Procession Costume repairs 250
ACHIEVEMENT AND PERFORMANCE
Events
During the past year the events programme has seen attendance levels continue to return to and often exceed those of pre-Pandemic times. Our monthly Coffee Mornings have continued to attract Friends and cathedral visitors alike and has become a very popular date in the Cathedral Diary.
Our Book at Breakfast events continue to be well supported, with an informal talk by The Reverend Dr Dan Inman on the book "Small Things Like These" by Claire Keegan (Faber & Faber 2022) in April 24 before leaving the Cathedral. In July there was an informal talk by Thomas Roberts, a qualified doctor, who was then PA to The Dean of Chichester and Liturgy and Music Co-ordinator on his chosen book is "When Breath Becomes Air" by neurosurgeon Paul Kalanithi.
Earlier in the year approximately 25 guests joined the trip to Watts Gallery to see the Arts and Crafts Chapel designed by Mary Watts in dramatic stucco and terracotta, as well as the Gallery dedicated to the work of George Frederic Watts (1817-1904). Amongst the works on display from this artist’s successful 70-year career were large allegorical paintings, symbolist works, social realist scenes, portraits and sculptures, including a plaster cast of Physical Energy, his monumental bronze sculpture in Hyde Park, London.
Page 1
Chichester Cathedral Friends
Report of the Trustees for the Year Ended 31st March 2025
The main event in the summer is the The Festival Day & AGM with Lunch which took place on Thursday 13th June 2024 with guest speaker Professor Jane Longmore. Following the formal business Professor Jane Longmore who took up the post as Vice Chancellor of the University of Chichester in May 2017 and has led the completion of the £35million Creative and Digital Technology Park at the Bognor Regis campus and opened the School of Nursing and Allied Health in Chichester.
The Friends Advent Concert was held in the Vicars’ Hall on Monday 2[nd] December. This has become an annual feature in the Friends’ calendar and is an occasion greatly enjoyed by those who attend. Surprisingly, attendance was considerably down on previous years and there were a number of people who had purchased tickets but did not attend on the night. There is no obvious underlying explanation for this. However, it is possible that its immediate proximity to the Cathedral Advent Service on the previous day might have played a part. In future years this will be borne in mind when setting a date.
The Friends Epiphany Lunch was held on 22[nd] January in the Assembly Rooms. The Dean was the guest speaker. 40 members and guests attended. Although attendance was less than originally anticipated, the event was considered a success.
The Friends had a stand at the Cathedral Volunteers Open Day on 25[th] January. We also provided coffee for visitors. This event was well attended and provided an opportunity for the various volunteer bodies within the Cathedral to seek and recruit new volunteers. On the Friends stand we were specifically seeking volunteers for the roles of Friends Secretary, Joint Membership Secretary, Communications Volunteer and Event Organiser. A number of possible candidates were identified.
Sadly, due to a poor response, the planned Book After Breakfast scheduled for March, was cancelled. The future of this event is currently under review.
FINANCIAL REVIEW
Investment policy and objectives
The trustees have considered during the course of the year its policy towards the investment of surplus funds in order to maximize a return on those funds.
The trustees recognise that any investment held should be capable of being readily converted to cash should the Dean & Chapter of Chichester Cathedral request a level of grant funding above normal cash reserves. Also the trustee’s attitude to risk is assessed as being low.
In line with the above policy £450,000 was invested with M & G Investments in their Charifund. At 31st March 2025 the market value of this investment was £327,124 (2024: £313,718). The investment held with M & G will be closely monitored and kept under review by the trustees in order to maximize income and preserve capital invested.
Reserves policy
The trustees have examined the requirement for reserves in the light of the main risks to the organisation. The trustees consider that the most appropriate level of reserves as at 31st March 2025 should equate to six months administration and publicity costs. Based on the expenditure during the year ended 31 March 2025 this amounts to approx. £3,625. Reserves as at the balance sheet date are substantially in excess of this figure.
During the year total income amounted to £50,187 (2024: £48,356), expenditure amounted to £31,855 (2023: £30,864) and unrealised gains on investments amounted to (£13,406) (2024: loss of (£5,837), resulting in a surplus of £31,737 (2024: surplus (£11,655).
Page 2
Chichester Cathedral Friends
Report of the Trustees for the Year Ended 31st March 2025
As at 31 March 2025 total funds were £373,006 (2024: £341,269) of which £208,451 (2024: £189,610) was restricted. Details of the restricted fund can be found on pages 10 & 11 of these financial statements.
FUTURE PLANS
The Trustees are grateful for the continued support of the members through payment of their subscriptions as they fall due and the making of additional donations and these will enable the Charity to continue to fulfil its financial obligations. The Trustees arc committed to continuing their support of the work and mission of the Chapter of Chichester Cathedral.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Chichester Cathedral Friends is a Charitable Incorporated Organisation (CIO). The first meeting of the trustees of Chichester Cathedral Friends was held on Friday 24th October 2014. Chichester Cathedral Friends is governed by a constitution that was registered with the Charity Commission on 9th September 2014 and the Charity Registration Number is 1158498.
The charity took over the charitable activities of the Friends of Chichester Cathedral (registered charity number 208649) with effect from 1 November 2014. This charity will remain registered but dormant in the future. Due to common Trustees, Friends of Chichester Cathedral is considered a related party.
Organisational structure
Chichester Cathedral Friends is run and managed by a board of trustees. The number, method of appointment and period of office of trustees is defined in the constitution. The constitution provides for the trustees to elect a chairman from amongst themselves.
The trustees have defined the following Honorary Officer roles: chairman, vice-chairman, secretary, treasurer and membership secretary, and appointments to these roles are reviewed annually by the Trustees. We held four Trustees meetings during the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Membership
The trustees were saddened to learn of the deaths of 18 (1) members during the past year, and 3 (1) members resigned and 84 (2) cancelled their payment. We have welcomed 61 (61) new members, which is the same as in the previous year, and includes 5 new life members. Losses are problematic, at around 105 (100 in previous year). The total number of members at 31[st ] March 2025 stands at 795 (2024: 882).
Risk management
During the course of the year the trustees continued to monitor any potential risks to the Charity, in line with the terms and procedures of the Risk Assessment register and to take any action which they felt appropriate to mitigate any such risks.
The overall conclusion of the committee remains that the Charity has appropriate systems in place to mitigate those risks identified and any consequent losses that might arise. The Risk Register will continue to be reviewed on an annual basis and amended as required.
Annual General Meeting 2024
The 2024 AGM was held in the Cathedral nave on Thursday, 13[th ] June 2024. Ninety-one members attended the AGM. The guest speaker for the afternoon was Professor Jane Longmore, who has been Vice-Chancellor of the University of Chichester since 2017.
Page 3
Chichester Cathedral Friends
Report of the Trustees for the Year Ended 31st March 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1158498
Principal address
The Hon Secretary, The Royal Chantry, Cathedral Cloisters, Chichester, West Sussex PO19 IPX
Elected Trustees at 31[st ] March 2025
Mr J Siebert: Chairman Mr G Toole-Mackson JP: Vice Chairman Ms K Read: Secretary Mr J Gardner Mrs M Gibson Mr M Gill Ven. P Jones Mrs P Sullivan Mr C Verney
Trustees who Resigned in the period April 2024 to March 2025
Mr A Kean: Treasurer (to September 2024)
Chapter Representatives
Very Reverend Dr Edward Dowler (Dean) Revd Canon Jack Dunn (Chancellor) Mr H Castle-Smith (Lay Member)
Independent Examiner
D Setchell FCCA (Retd.) 21 St Bartholomew's Close Chichester West Sussex POI9 3EP
Honorary Officers
Ms K Read - Secretary Mr A Kean – Treasurer (to September 2024) Mr A Gardiner – Treasurer (from September 2024) Mr J Gardner - Membership Secretary
Approved by order of the board of trustees on 30[th ] April 2025 and signed on its behalf by:
J Siebert - Trustee a
Page 4
Chith¢ster C*bedral Fri¢Dds Notc5 to the Statements- ctInUed for the Year 31 st March 2025 IndepeDdeBt ewninerfB ptsrt to the tr•stees of ChieheBter C•thedrnl FrAends I report to the clwity trustees on my examination of the accounts of Chichestcr Cathedral Friends (the Trust) for the year ended 3 1st Marcb 2025. Respon8ibllltle8 and ba818 of report As the charity trustees of the T you are responsible for the PEFwation of the ac£ounts in accorthce with th¢ requirements of the Charities Act 2011 Cthe Ace). I report in respect of my examination of the Trusvs attounts carried out under section 145 of th¢ Act and in carrying out my examination I have followed all applicable DitionS given by the cIlty Commission under se£tion 145(5Xb) of the ACL Independent eumlnerfs statement I have completed my examination. I confrn that no material matters h&v¢ come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept ID res of the Trust as rwuired by tIOn 130 of the Ac¢ or the accounts do not &crd with those rOrd&. or the accou <k) not comply with the appli1¢ requiran¢nts Con1n8 th¢ forn) and ntent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts giv¢ a tru¢ and fair vi¢w which is It a matt¢r c{s1deI part of an indq)endent emInation. I have no ConCnS and have come across no other matters in cOnntIon with the exAmination to which attention should be drawn in this rep)rt in order to enable a prop¢r und¢r3tanding of the acKA)unts to be rh¢d. D Setchcll FCCA {RettL). 21 St Bartholomews Close Chiehester West Sussex Rl19 3EP
Chichester Cathedral Friends
Statement of Financial Activities for year ended 1[st] April 24 – 31[st] March 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and Legacies 2 Other trading activities 3 Investment Income 4 Deposit Account Interest 4 Total Income and Endowments EXPENDITURE ON Charitable Activities Charitable Activities 5 Support costs Total Expenditure Total Income and Endowments less Total Expenditure Add Net Gain / Less (Loss) on investments NET INCOME / (EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Fund £ Restricted Fund £ 22,401 - 8,264 - 8,334 11,165 22 |
Unrestricted Fund £ Restricted Fund £ 22,401 - 8,264 - 8,334 11,165 22 |
Unrestricted Fund £ Restricted Fund £ 22,401 - 8,264 - 8,334 11,165 22 |
Unrestricted Fund £ Restricted Fund £ 22,401 - 8,264 - 8,334 11,165 22 |
2025 Total funds 2024 Total funds 22,401 24,840 8,264 4,965 19,499 18,551 22 22 |
2025 Total funds 2024 Total funds 22,401 24,840 8,264 4,965 19,499 18,551 22 22 |
|---|---|---|---|---|---|---|
| 39,019 | `11,165 | 50,186 | 48,356 | |||
| 29,796 2,059 |
- - |
29,796 2,059 |
28,020 2,844 |
|||
| 31,855 | - | 31,855 | 30,864 | |||
| 18,331 | 11,165 | 18,331 | 17,492 | |||
| 5,730 | 7,676 | 13,406 | (5,837) | |||
| 12,896 18,841 31,737 11,655 151,659 189,610 341,269 329,614 |
||||||
| 164,555 208,451 373,006 341,269 |
Page 6
Chichester Cathedral Friends
| Balance Sheet 31st March 2025 | Balance Sheet 31st March 2025 | Balance Sheet 31st March 2025 | Balance Sheet 31st March 2025 | ||||
|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | 2025 | 2024 | |||
| Fund | Fund | Total | Total | ||||
| £ | £ | funds | funds | ||||
| FIXED ASSETS | |||||||
| Investments | 9 | 118,673 | 208,451 | 327,124 | 313,718 | ||
| CURRENT ASSETS | |||||||
| Debtors | 10 | 1,415 | - | 1,415 | 1,512 | ||
| Cash at Bank and in Hand | 11 | 64,717 | - | 64,717 | 47,220 | ||
| 66,132 | - | 66,132 | 48,732 | ||||
| CREDITORS | |||||||
| Amounts falling due within one year | Amounts falling due within one year | 12 | (20,250) | - | (20,250) | (21,181) | |
| NET CURRENT ASSETS | 45,882 | - | 45,882 | 27,551 | |||
| TOTAL ASSETS |
LESS | CURRENT | |||||
| LIABILITIES | 164,555 | 208,451 | 373,006 | 341,269 | |||
| NET ASSETS | £164,555 | £208,451 | £373,006 | £341,269 | |||
| FUNDS | 13 | ||||||
| Unrestricted funds | 164,555 | 151,659 | |||||
| Restricted Funds | 208,451 | 189,610 | |||||
| TOTAL FUNDS | £373,006 | £341,269 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30[th] April 2025 and were signed on its behalf by
Page 7
Chichester Cathedral Friends
THE FOLLOWING NOTES TO THE ACCOUNTS FOR YEAR ENDING 31ST MARCH 2025 FORM PART OF THESE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective I January 2019), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic or Ireland':
the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and that the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Page 8
Chichester Cathedral Friends
Notes to the Financial Statements for the year ended 31[st] March 2025
| Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes to the Financial Statements for theyear ended 31stMarch 2025 | |||||||||||||||
| 2. | DONATIONS AND LEGACIES | ||||||||||||||
| 2025 | 2024 | ||||||||||||||
| £ | £ | ||||||||||||||
| Donations | 1,295 | 9,650 | |||||||||||||
| Gift Aid | 2,555 | 2,722 | |||||||||||||
| Legacies | 0 | 500 | |||||||||||||
| Subscriptions | 18,551 | 11,968 | |||||||||||||
| 22,401 | 24,840 | ||||||||||||||
| 3. | OTHER TRADING ACTIVITES | ||||||||||||||
| 2025 | 2024 | ||||||||||||||
| £ | £ | ||||||||||||||
| Fundraisingevents | 8,264 | 4,965 | |||||||||||||
| 4. | INVESTMENT INCOME | ||||||||||||||
| 2025 | 2024 | ||||||||||||||
| £ | £ | ||||||||||||||
| Investment Income | 19,499 | 18,529 | |||||||||||||
| Deposit Account Interest | 23 | 22 | |||||||||||||
| 19,522 | 18,551 | ||||||||||||||
| 5. | CHARITABLE ACTIVITIES COSTS | ||||||||||||||
| Direct Costs |
Grant funding of activities (see note 6) |
Support Costs (See note 7 |
Total | ||||||||||||
| £ | £ | £ | £ | ||||||||||||
| Charitable Activities | 9,546 | 20,250 | - | 29,796 | |||||||||||
| Support Costs | - | - | 2,059 | 2,059 | |||||||||||
| 9,546 | 20,250 | 2,059 | 31,855 | ||||||||||||
| 6. | GRANTS PAYABLE | 2025 | |||||||||||||
| £ | |||||||||||||||
| CCF51 - Cathedral Educational Support – | 2ndInstalment | 20,000 | |||||||||||||
| CCF55 - Epiphanycostume repairs | 250 | ||||||||||||||
| 20,250 | |||||||||||||||
| 7. | SUPPORT COSTS | ||||||||||||||
| Finance | Governance Costs |
Total | |||||||||||||
| £ | £ | £ | |||||||||||||
| Support Costs | 178 | 1,881 | 2,059 | ||||||||||||
| 8. | TRUSTEES’ REMUNERATION AND | BENEFITS | |||||||||||||
| There were no trustees’ remuneration or other benefits for theyear ended 31stMarch 2025. | |||||||||||||||
| Trustees’ expenses | |||||||||||||||
| There were no trustees’ expensespaid for theyear ended 31stMarch 2025. | |||||||||||||||
Page 9
Chichester Cathedral Friends
Notes to the Financial Statements for the year ended 31[st] March 2025 (continued)
| Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) | Notes to the Financial Statements for theyear ended 31stMarch 2025(continued) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9. | FIXED ASSET INVESTMENTS | ||||||||||||||
| Listed Investments |
|||||||||||||||
| £ | |||||||||||||||
| MARKET VALUE | |||||||||||||||
| As at 1stApril 2024 | 313,718 | ||||||||||||||
| Disposals | (-) | ||||||||||||||
| Revaluations | 13,406 | ||||||||||||||
| As at 31stMarch 2025 | 327,124 | ||||||||||||||
| NET BOOK VALUE | |||||||||||||||
| At 31stMarch 2025 | 327,124 | ||||||||||||||
| At 31stMarch 2024 | 313,718 | ||||||||||||||
| There were no investment assets outside the U.K. | |||||||||||||||
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||||||||||||||
| 2005 | 2004 | ||||||||||||||
| £ | £ | ||||||||||||||
| Trade debtors | - | - | |||||||||||||
| Other debtors | 1,415 | 1,512 | |||||||||||||
| 1,415 | 1,512 | ||||||||||||||
| 11. | CASH AT BANK AND IN HAND | ||||||||||||||
| Natwest Business Current Account | 64,177 | 46,086 | |||||||||||||
| Barclays FOCC Current Account | 1 | 671 | |||||||||||||
| CCLA – Charities Deposit Fund | 366 | 343 | |||||||||||||
| PettyCash Account | 173 | 120 | |||||||||||||
| 64,717 | 47,220 | ||||||||||||||
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||||||||
| 2005 | 2004 | ||||||||||||||
| £ | £ | ||||||||||||||
| Trade creditors | 0 | 1,181 | |||||||||||||
| Other creditors | 20,250 | 20,000 | |||||||||||||
| 20,250 | 21,181 | ||||||||||||||
| 13. | MOVEMENT IN FUNDS | ||||||||||||||
| At 1.4.24 | Net Movement In funds |
At 31.3.25 | |||||||||||||
| Unrestricted Funds | |||||||||||||||
| General Fund | 91,659 | 32,896 | 124,555 | ||||||||||||
| Designated Funds | |||||||||||||||
| Educational Role Fund | 60,000 | (20,000) | 40,000 | ||||||||||||
| Restricted Funds | |||||||||||||||
| Victor Menage LegacyFund | 189,610 | 18,841 | 208,451 | ||||||||||||
| TOTAL FUNDS | 341,269 | 31,737 | 373,006 |
Page 10
Chichester Cathedral Friends
Notes to the Financial Statements for the year ended 31st March 2025 (continued)
| 13 | MOVEMENT IN FUNDS - CONTINUED | MOVEMENT IN FUNDS - CONTINUED | MOVEMENT IN FUNDS - CONTINUED | MOVEMENT IN FUNDS - CONTINUED | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net movement in funds included in the above | are as follows: | |||||||||||||||
| Incoming resources |
Resources expended |
Interfund Transfers |
Gains and Losses |
Moveme nt in Funds |
||||||||||||
| £ | £ | £ | £ | £ | ||||||||||||
| Unrestricted Funds | ||||||||||||||||
| General Fund | 38,771 | (11,605) | - | 5,730 | 32,896 | |||||||||||
| Designated Funds | ||||||||||||||||
| Educational Role Fund | - | - | (20,000) | - | (20,000) | |||||||||||
| Restricted Funds | 11,165 | - | - | 7,676 | 18,841 | |||||||||||
| TOTAL FUNDS | 49,936 | (11,605) | (20,000) | 13,406 | 31,737 | |||||||||||
| Comparatives for movement in funds | ||||||||||||||||
| At 1.4.23 | Net Movement In funds |
At 31.3.24 |
||||||||||||||
| Unrestricted Funds | ||||||||||||||||
| General Fund | 148,316 | (56,657) | 91,659 | |||||||||||||
| Designated Fund | ||||||||||||||||
| Educational Role Fund | - | 60,000 | 60,000 | |||||||||||||
| Restricted Funds | ||||||||||||||||
| Victor Menage LegacyFund | 181,298 | 8,312 | 189,610 | |||||||||||||
| TOTAL FUNDS | 329,614 | 11,655 | 341,269 | |||||||||||||
| Comparative net movement in funds,included | in the above a | re as follows: |
| Incoming Resources |
Incoming Resources |
Resources expended |
Resources expended |
Interfund Transfers |
Gains and Losses |
Movement in funds |
Movement in funds |
Movement in funds |
Movement in funds |
Movement in funds |
|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Funds | |||||||||||||||
| General Fund | 37,832 | (31,967) | (60,000) | (2,522) | (56,657) | ||||||||||
| Designated Fund | |||||||||||||||
| Educational Role Fund | - | - | 60,000 | - | 60,000 | ||||||||||
| Restricted Funds | |||||||||||||||
| Victor Menage LegacyFund | 10,524 | 1,103 | - | (3,315) | 8,312 | ||||||||||
| TOTAL FUNDS | 48,356 | (30,864) | - | (5,837) | 11,655 | ||||||||||
Page 11
Chichester Cathedral Friends
Notes to the Financial Statements for the year ended 31st March 2025 (continued)
| Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes to the Financial Statements for theyear ended 31st March 2025(continued) | |||||||||||||||
| 13 | MOVEMENT IN FUNDS - CONTINUED | ||||||||||||||
| A currentyear 12 months andprioryear 12 months combinedposition is as follows: | |||||||||||||||
| At 1.4.23 | Net Movement In funds |
At 31.3.25 |
|||||||||||||
| Unrestricted Funds | |||||||||||||||
| General Fund | 148,316 | (23,761) | 124,555 | ||||||||||||
| Designated Fund | |||||||||||||||
| Educational Role fund | - | 40,000 | 40,000 | ||||||||||||
| Restricted Funds | |||||||||||||||
| Victor Menage LegacyFund | 181,298 | 27,153 | 208,451 | ||||||||||||
| TOTAL FUNDS | 329,614 | 43,392 | 373,006 | ||||||||||||
| A current year 12 months and prior year 12 months combined net movement in funds, the above is as follows: |
included in | ||||||||||||||
| Incoming Resources |
Resources expended |
Interfund transfers |
Gains and Losses |
Movement in funds |
|||||||||||
| £ | £ | £ | £ | £ | |||||||||||
| Unrestricted Funds | |||||||||||||||
| General Fund | 76,559 | (43,528) | (60,000) | 3,208 | (23,761) | ||||||||||
| Designated Funds | |||||||||||||||
| Educational Role Fund | - | - | 40,000 | - | 40,000 | ||||||||||
| Restricted Funds | |||||||||||||||
| Victor Menage LegacyFund | 21,689 | 1,103 | - | 4,361 | 27,153 | ||||||||||
| TOTAL FUNDS | 98,248 | (42,425) | (20,000) | 7,569 | 43,392 | ||||||||||
| The monies received from the estate of Victor Menage have a restriction placed on them. That restriction is that all monies should be used for the promotion of music at Chichester Cathedral. Advice on the best use of the funds should be sought from the Organist and Precentor. The Trustees will activelyseek that advice and expend the fund in accordance with the restrictions. |
|||||||||||||||
| 14 . |
RELATED PARTY DISCLOSURES | ||||||||||||||
| There were no relatedpartytransactions for theyear ended 31st | March 2025. | ||||||||||||||
Page 12
Chichester Cathedral Friends
SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR PERIOD 1[ST] APRIL 2024 TO 31[ST] MARCH 2025
| Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends | Chichester Cathedral Friends |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR PERIOD 1ST APRIL 2024 TO 31ST MARCH 2025 |
||||||||||||
| INCOME AND ENDOWMENTS | 2025 | 2024 | ||||||||||
| £ | £ | |||||||||||
| Donations and Legacies | ||||||||||||
| Donations | 1,295 | 9,650 | ||||||||||
| Gift Aid | 2,555 | 2,722 | ||||||||||
| Legacies | 0 | 500 | ||||||||||
| Subscriptions | 18,551 | 11,968 | ||||||||||
| 22,401 | 24,840 | |||||||||||
| Other Trading Activities | ||||||||||||
| FundraisingEvents | 8,264 | 4,965 | ||||||||||
| Investment Income | ||||||||||||
| Investment Income | 19,499 | 18,529 | ||||||||||
| Deposit account interest | 22 | 22 | ||||||||||
| 19,521 | 18,551 | |||||||||||
| Total Incoming Resources | 50,186 | 48,356 | ||||||||||
| EXPENDITURE | ||||||||||||
| Charitable Activities | ||||||||||||
| Office Admin & support | 4,793 | 5,899 | ||||||||||
| Event expenses | 4,368 | 1,931 | ||||||||||
| MarketingExpenses | 385 | 1,169 | ||||||||||
| MeetingExpenses | - | 125 | ||||||||||
| Grantspayable | 20,250 | 18,896 | ||||||||||
| 29,796 | 28,021 | |||||||||||
| Support Costs | ||||||||||||
| Finance | ||||||||||||
| Bank Charges | 178 | 277 | ||||||||||
| Governance Costs | ||||||||||||
| Accountancyand legal fees | - | 100 | ||||||||||
| AGM Costs | 1,881 | 2,467 | ||||||||||
| 2,059 | 2,844 | |||||||||||
| Total resources expended | 31,855 | 30,864 | ||||||||||
| Total Incoming Resources less Total resourc | es expended | 18,331 | 17,492 | |||||||||
| Add Net Gain / Less(Loss) on | investments | 13,406 | (5,837) | |||||||||
| Net income /(expenditure) | 31,737 | 11,655 | ||||||||||
Page 13