Charity fygistration number 1159645
THE FRIENDS OF SOUTHWARK CATHEDRAL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE FRIENDS OF SOUTHWARK CATHEDRAL
LEGAL AND ADMINISTRATIVE INFORMATION
Patron: HRH The Duchess of Edinbur
Members. Councll
Clare Johnson
Jennifer Jones
Tessa Bartley
Margarel Busgrth
Margaret den Brinker
Vivienne Baines
John Benyon
George Martin
Guy Rowslon
Sara George
The Rev Canon Michael Rawson,
Sub-D&an of Soulhwark
Kathryn Dean
The Very Revd Dr Mark Oakley, Dean (Appoinled 1 Dg¢ember
of Southwark
20231
Charity number
1159545
Prfnclpal addrns$
Monlague Chambers
Monlague Close
LONDON
SE190A
Independent examiner
Kinnaird Hill
Biunel House
1 Archers Court
Huntingdon
Cambridgeshire
PE29 6XG
Bankers
Natwesl Bank plc
10 Souhwark Street
London
SE11
HSBC Bank pl¢
l Kings Parade
Dilchling Road
BRIGHTON
BN16JT

THE FRIENDS OF SOUTHWARK CATHEDRAL
CONTENTS
Page
Council Members. feport
Independent examinerfs repKJrt
Stalemenl of finanaal activities
Balance sheet
Notes lo the financial statements
7-15

THE FRIENDS OF SOUTHWARK CATHEDRAL
COUNCIL MEMBERS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The members. council present their 8nnual report and financAal statements for the year ended 31 Oecember 2023.
The financial slalements have been p￿pared in accordance wilh the accounting polia8s sel out in note 1 to the
financial slatements and comply with the charty's Igoveming documentl. the Charities Act 2011 and "Accounling
and Reporting by Charflies.. Slalernenl of Recommended practi￿ applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard appli¢%ble in the UK and Republic of Ireland IFRS 1021"
leffeclive 1 January 20191.
Obiectivos and aetiviti•¥
The Friends of Southwark Cathedral is a charitable incrffporaled organisalioft which was established on 9
De￿mber 2014 number 1159545. It is the succèssor lo the unincorporated Friends ol Southwark Catheilral
org8nisalion. registered charity number 279515. It has approximately 700 members.
The objects of the charty are the furtherance of any religious o¥ oth&r chaiilable purpose or purposes in connection
with Soulhw8rk Cathedral and the maintenance ￿pair 8nd beaulificalion of the Calhedral and its fabri¢ and
furnishings.
The charity invites applications from Soulhwark Cathedral for gfanls for specific projects which come within its
objects
Membership is available to anyone who wishes lo join and who is committed lo supportlng the mission and
enhancing the fabric of Southwark Cathedral. Throughout the Cathedral thère are various plaTrs to collect Friends
publlcity and dlfferent ways in which mernbers can join the organis8tion.' through the Cathedral website, using an
applicalton form in Friends leaflets or via CAFdonate. Members are able to Volunteer to support the charitable work
of the Friends more regularfy and in doing so will be offered a range of training requirèments and opportunities for
example safeguarding and first aid.
AohSèvèments and perfomian¢e
The Friends had another interesting and busy year in 2023. There were numerous opportunrties for mernbers to
meet together wilh illustrated 18otures. our annual quiz, social gatherings and special services and our continuing
progr8ryTrrne of pilgTimages. At the beginning ol the year the pilgrimage began al Southwark and ended at StAlbans
Cathedral after which we moved to Gu¢ldford Cathedral. Iravelling along the Rivers Wey and Thames brtnging our
pilgrimage year lo an end in Oclober when we arrfved al our home Cathedral.
The chair and director of the Friends attended the biennial conference of the Friends of Cathedrals and Greater
Churches he5d in October at Hereford Cathèdral. It was an excellent weekend full of supportlvg and inspirational
lectures and opportunities to meet reprÈsentslives from other Friends organisations.
The Trustees met 4 times and were pleased lo re¢eive a range of requests for funding from the Cathedral. In the
financial year the Friends funded the Easter and Christmas flowers as well as the Easter Eggs gifts for the
congregation, the refurbishmént of the Pro￿5$10n81 Cross together wrth the Cathedral and Verger's Slaves and the
Christmas lights which provided a wami and festive welcome to visitors during Advent and Chiistmas. There was
also a small grant given for resources for the Cathedral gaidèn which supported the work towards Ihe Bmnze Eco-
Award. A particularfy special cDrnmitmenl was commissioning the Soulhwark Service dedicated lo our outgoing
Dean. Andrew Nunn. This setting has been performed al a number of special Services since tts premier
performance in July. A total of nearly £30.(X)O was given in grants lo the C3lhedral last year.
Throughout Ihe year we welcomed new mèmbers and il ha5 been valuable lo have the opportunity to i1Sustrale the
work of the Friends throughout the Cathedral inviting visitors to join the Friends the￿bY giving an on90in9
commilment lo the Cathedral.

THE FRIENDS OF SOUTHWARK CATHEDRAL
COUNCIL MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Financial review
It is the policy of the charity that unreslrfcted funds whl¢h have not been designated for a specific use should be
mainlained in the current account al a level equivalent lo be￿een three and six month's expenditure. Any exTrss is
placed In the deposit acc()unt. The members, council consider that ￿serveS at this level will ensure that, in the
event of a significant drop in funding, they will be able to continue the charity's current activities while consideration
is given lo ways in wh￿h additional funds may be raised. This ￿￿e1 of re5eNes ha5 been maintained throughout the
year.
Structure, governance and management
The meTnbers' council who served during the year and up to th8 date of signatuiè of the financial statemènts We￿..
Clare Johnson
Jennifer Jones
Tessa Bartloy
Margaret 8usgllh
Margaret den Brinker
Vivienne Baines
John Benyon
George Martin
Guy Rowslon
Sara Getsrge
The Very Rev A Nunn. Dean of Southwark
Th& Rev Canon Michaèl Rawson, Sub-Dean of
Soulhwark
Kathryn Dean
The Very Revd Dr Mark Oakley, Dèan of Southwark (Appointed 1 De￿rnber 20231
(Retired 31 July 20231
Trustees are recruited from within the membership. When a place becomes avallable on the board of Trustees
information is place in the Friends newsletter, thè Cathedral wèekly tnailing, on the Cathedral website and on social
media for both the Friends an(t the Cathedral inviting rnernbers lo apply to become a Trustee. There are 12
members of the board plus the Dean and Sub-Dean who are ex-officio members. The Trustegs elect a chair an(1
treasurer from their number and the Friends Director holds the post ol secretary to the Trusteès.
Oryantsational Structure
Members of the charity are indiwduals who have paid an annual or Iffe subscription 8nd corporate bodies who have
paid an annual subs(xiption.
The management of the charity is the responsibility of the Council and the day to day running of the Charity 18
dèlegated to the Director Kathryn D6an.
The members of the Council who have served during the year and since tho year end ar8 s8t out above.
The Council comprises a maximum of 12 members. who are Trustees, Including-.
the Dean and Sub-Dean of Southwark as ex-officio members
10 trustees who are elected at an Annual General Meeting of the members of the charity.
The Council has power to co-opt trustees lo fill any vacancies. but those co-opted must stand for eledton at the next
Annual Gener81 Meeting. The Council appoints the Chairman. Treasurer, and Gift Aid Officer from among
members.
The Council advertises for new trustees in its Newsletter and the Director, Kathryn Dean. deals wilh all appli¢8lions
and the induction process for all successful appointees.
The Council meets a minirnum of four times annually.

THE FRIENDS OF SOUTHWARK CATHEDRAL
COUNCIL MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The council members. report was approved by the Board of Members, Council.
Kathryn
Director
ean
Date..

THE FRIENDS OF SOUTHWARK CATHEDRAL
INDEPENDENT EXAMINER'S REPORT
TO THE MEMBERS, COUNCIL OF THE FRIENDS OF SOUTHWARK CATHEDRAL
I report lo the members, council on my examinatiors of the ffinancial statements of The Friends of Southwa
C8lhedral (the charity) for the year ended 31 December 2023.
Rèspon$ibilitie$ and basis of report
As the mèmbers. Council tsl the charity you are responsible for the preparation of the finanaal statements in
8￿rdanCe with the requirements of the CharitiesAct 2011 {the 2011 Act).
I report in respect of my exam4nation of the charity's financi81 stslemenls carried out under section 145 of the 2011
Act. In Carrylng out my examination I have followed all the applicable Directions given by the Charty Commission
under section 14515llbl of the 2011 Acl.
Indep$ndgnt examlnefs 8tstsment
Your attention is drawn lo the fact that the charity has prepared financial staternents in accordance with Accounting
and Reporting by Charities preparing their accounts in accordan￿ wilh the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 102) in preferencé to th8 Accountin9 and Reporting by Charities.. Statement
of Recommended Practice issued on 1 April 2005 which is referred lo In the extant regulatbons but has now been
withdrawn.
l understand Ihal this has been done in order for financial statements lo provlde a Iwe and tslr vlew In accordance
with Generally Accepted Accounting Practi￿ effectivè for raporting periods beglnning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have Come to my attgnlK)n In connec￿On with the
examination giving me cause to believe that in any material respeot..
accounting records were nol kepl in respect of the charity as required by section 130 of the 2011 Act,. or
the financial slalements do not accord with those records., or
the financtal statements do not comply wlth the applicable requirements concerning the form and content of
accounts sel out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the
accounts give a true and fair view which is not a matter considered as part of an independent exarninalion.
I have no ¢on¢ems and have Come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements lo be reached.
Kinnaird Hill
Charte￿d Certlfled Accountants
Brunel House
1 Archers Court
Hunlingdon
Cambridge3hira
PE29 6XG

THE FRIENDS OF SOUTHWARK CATHEDRAL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrèstrietèd
funds
2023
Unrestrictsd
funds
2022
Notes
Incomè from:
Donations and legacies
Charitable activities
Investments
8,730
16.250
24.558
22,688
19,009
15.3S1
Total income
49,538
57,048
Expenditure on".
Raising funds
Charitable 8clivilies
Othèr expenditure
2,333
53.430
1,068
37,041
60
12
Totsl exp•ndlture
55,823
38.169
Nel gainsll105se51 on investments
13
27,024
127,2061
Net Incomèllexpendlturel and movement in funds
20.739
18,327)
Reconciliation of funds:
Fund balances at 7 January 2023
420,625
428.952
Fund balan¢es at 31 December 2023
441,364
420.625
The statement of financial activities indudes all 98ins and 1088es recognised in the year. All income and expenditure
derive from conllnulng activities.
The notes on pages 7 to 15 form part ofthese finanoal slalements.

THE FRIENDS OF SOUTHWARK CATHEDRAL
BALANCE SHEET
AS AT31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assets
Investments
IS
797
402.957
338
375,933
403.748
376,271
Current assets
Debtors
Cash at bank and in hand
17
1,234
39,954
2,440
42,934
41.188
45,374
Creditor¥: amounts falling due within
one year
18
13,572)
11,020)
Nel current assets
37,616
44.354
Total assèts lèss current liabilitie
441,384
420,625
Incorne funds
Unre
lricted fu
Lls
Design8l&d funds
General unreslrictèd funds
20
281,113
160,251
270,113
150,512
441,364
420,625
441.364
420.625
The notss on pages 7 10 15 forni part ofthese financial slalernents.
The financsal statements were approved by the Members. Council on ......
Clare Johnson
Chalr
Vivienne Baines
Treasurèr

THE FRIENDS OF SOUTHWARK CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
Charity illfomiation
The FTiends of Soulhwark Cathedral is a charitablè incorporaled organisalion re91slered in England number
1159545.
1.1 Accountirtg convention
These a¢¢ounls have been prepared under the historical cost conv8nlion with ilerns recognised at cost or
transaction value. unless othe￿ise stated in the relevant notes lo these accounts.
The accounts have been prepaTed in accordance wilh the Statèment of Recommended Piadice.. Accounting
and Reporting by Charities preparing their accounts in a¢¢oTdance with the Financial Reporting Standard
applicable in the UK and Republic of ITeland {FRS1021 issued on 16 July 2014 and with the Charit￿$ Act
2011.
1.2 Going concern
The accounts have been prgpa¥8d on a going concern basis as the trustees believe that no material
uncertainty exists. The trustee5 have considered the level of funds held, and the expècted levèls of income
and expenditure for 12 months from aulhorising these aceounts. The budgeted incgme and expenditure is
sufficient with the level of reserves for the Charily lo be able lo continue as a going concem.
1.3 Charitable funds
Unresliicted funds are expendable. at the discretion of th8 mÈmbeTS' ¢oun¢il in furtherance of their charitable
objectives.
Designated fvnds a￿ unrestricted fijnds eaTtnaiked by the membeTS' council for a particular project. Thi$
does not legally restrict the Members. ￿UnCIl discretion to apply the fund in furtherance of the objects of the
charity.
The deslgnaled Foundation Fund represents funds set aside by the CIAJnryl lo provKle annual endowment for
the objects of the charity.
1.4 Income
All income is recognised once the charity has entitlement lo the income, there is sufficient certainty of recèipt
and so it is probable that the income will be received. and the amount of income receivable can be measured
reliably.
Donations are recognised when they have been ¢ommunicale¢J, with notification received in writing ol both the
arnount and settlement date. In the event that a donation 15 subject lo conditions ihat require a level of
performance before the charity rs Èntitled to the funds, the income is deferred and not recognised llnlil either
those conditions are fully mel, or the fulfilmenl of those conditions is wholly within the control of the charity
and il 15 probablp that those conditions will be ftjifilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the granting of probate when the adrninistratorl
executor for the eslale has comrnunicaled in writing boih the amount and settlement date. In the event that
the grft is in the form of an asset other than cash or a financial assèt traded on a recognised stock exchange.
recognition is subject to the value of the gift being reliable measurable with a degree of reasonable accuracy
and the tille to the asset has been transferred lo the charity.
Interest on funds held on deposit is included upon notiftcalion of the interest paid or payab￿ by the Bank.
Dividends ale recognised once the divtdend has been dedared and nolificatlon has been received of the
div7dend due.

THE FRIENDS OF SOUTHWARK CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢¢ounting pollcles
Icontlnuedl
1.5 Expenditurè
Liabilities are recognlsed as expenditure as so)n as there is a legal or constructive obligation committing the
charity to that expendrture. il is probable that settlement will be required, and the arnounl of the obligation can
be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses. including support C051s and governance
costs. are alh)¢aled 01 apports'oned to the applicable expenoilure headings in the 51alement of financial
activities.
Grants payable are payments made to third partses in the fvrtherance of the charitable objects of the charity.
In the case ol an unconditional giant offer this is accrued once the recipient has b88n notified of the grant
award. The notifi¢8lion gives the recipient a reasonable expectation that they will receive the grant. Granis
awards that are subject to the recipient fulfilling performance conditions are only accrJJed when the recipient
has been notified of the grant and any remaining unfvlfilled condib'ons attaching lo that grant are outside of the
control of the chartty.
Provisions for grants ore Tnafle when the intention to make a grant has been communicated to the recipient
bLrt there is uncertalnty as lo the timing of the grant or the amount of grant payable.
The expenditure on charitable acb'vities includes giants m8de, govemance costs and other support costs as
shown note 6.
1.6 Tangible fixed assets
All assets costing more than £250 are capilalised at￿ valued al hislorieal cost. Depreciation is charged from
the year of acquisition on equipment on a slraight-line basis over their estimated useful life of four year5.
Computers
25% on slraighl line basis
1.7 Fixed asset investments
Investfflenls are initially iecognised at Iheir Iransactlon value and subsequently rneasured at their market
value as at the balance sheet dale using the closing quoted market price. The statement of financial ath"vilies
includes Ihg nel gains and losses arising on revaluation and disposal throughout the year.
The tharily does not acqulre, or use put options, derivatives or other complex financial insliuments.

THE FRIENDS OF SOUTHWARK CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
IContinu8dl
1.8 Church Workers Pension Fund
The Friènds of SouthwaTk Cathedral (PB 20141 participates in the Penslon Bullder Scheme se&ion of CVVPF
for lay staff. The Scheme is administered by the Church of England Pensions Board, which hold5 Ihe assets of
the schemes separately from those of thè Employer 8nd the other participating employers.
The Church Workers Pension Fund has sections known as the Defined Benefits Scheme and the Pension
Builder Scheme. whi(* has two subsections.. lal a deferred annuity section known as Pension Builder Clas51C
and {bl a c4sh balance section known as Pension Builder 2014.
Pension Buildèr Scheme
Both subsections of The Pension Builder Scheme of the Church Workers Pension are classed as defined
benefit schemes.
Pension Builder Classic provides 8 pension, a￿umUlated Irom contributions paid and converted into
def6rred annuity during employment based on terms set and reviewed by the Church of England Pensions
Board from lime lo lime. Discretionary increases may also be deGlared, depending upon the investment
returns and other factors.
Pension Builder 2014 is a ¢a$h b818nce scheme that provides a lump surn which members use lo provide
benefits al reliremenl. Pension contributions are recorded in an account for each member. Discretionary
bonuses may be added befora ratirgment, depending on investment returns and other factois. The account,
plus any bonuses declared, is pay8blè. unreduced. from age 65.
Theie is no sub-divtsion of as5els befvleen employers in each section of tho Pansion Builder Scheme.
The scheme is considered to be a mulli-employer scherT)e as described in Section 28 of FRS 102. This is
because it is not possible lo attribute the Pension Builder Scheme's assets and liabilib'es to specific
employers and that contributions are accounted for as if the Scheme were a defined ¢ontribulion scheme. The
pensions costs charged lo the SOFA in the year are contributions payable12023.. £1,474, 2022.. £1,391).
A valuation of the Pension Builder S¢heme is Carried out once every three years. The most re￿nI scheme
valuation was ¢arTied out as al 31 December 2019.
For the Pension Builder Classic $6ction. the 2019 valuation ￿vealed a deficit of £4.8m on the ongoing
assumptions used. At the most ￿cent annual review effective 1 January 2024. the Board Chose lo grant a
discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of
service prior lo April 1997., and a bonus on pensions in payment in respect of post Apiil 20(￿ service so that
the pension increase was 5% Iwhere usually il would bg Galculale(I based on inflalion up to 2.5°Al. This
followed improvements in the funding position over 2023. There is no requirement for deficit paymen15 31 the
current time.
For the Pension Builder 2014 section. the 2019 v81u8tion revealed a surplus of £5.5m on the ongoing
assumptions used. There is no reqijirement for deficit payment al the current lime.
The next valuation is due 31 December 2022, which is currently underway.
The legal structure of the scheme is such that if another employer fails, The Friends of Soulhwark Cathedral
IP8 2014} could become responsible for paying a share of the failed employer's pension liabilitbes.
1.9 Realised gains and losses
All gains and losses are taken lo the statement of financial activities as they arise. Realised gains and losses
¢M investments are calculated as the difference between sales pio¢eeds and their opening carrying value or
theif purchase value if acquired subsequent la the first day of the financial year. Unfealised gains and lossès
are calculated as the difference between the fair value at the year end and their Garrying value. Realised and
unreali5ed investment gains and losses are ￿Mbined in the Slalemenl of Financial Actmlies.

THE FRIENDS OF SOUTHWARK CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DEGEMBER 2023
Accountlng poli¢le$
{Continuedl
1.10 Contingent liabilities
A contingent liability is identifl@d and dlsclosed for those grants Tesulting from..
a possible obligation whlch will only be confirmed by the occurrence of one or more uncertain future
events not wholly within the trustees, control., or
a present obligatlon following a grant offer where settlèment is either not considered probable., or
the amount has not been communicated in the grant offer and that amount cannot be estimated
reliably.
Incoma from donations and legacies
Unrestricted
funds
2023
Unrestricted
funds
2022
Donations and gifts
Legacies receivable
8.730
6.688
18,000
8,730
22,688
Incomo from Charitable activities
Unrnstrietèd
lund$
2023
Unrestricted
funds
2022
Subscriptions
Events income
10,072
8,178
16,053
2.956
16.250
19,009
Ineome from inve¥tments
Unrestricted Unrestsleted
funds
funds
2023
2022
Income from fixèd asset investment
Transfer from M&G
16.8e9
7.689
15,351
24,558
15,351
10.

THE FRIENDS OF SOUTHWARK CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Expenditure on raising fund$
Unrestri¢t¢d Unr•stricted
funds
funds
2023
2022
Fundralslng and publleity
Staging fundraisin9 events
2.333
1,068
Exp8ndlture on charitable actlvltles
Unrestricted Unrgstrieted
2023
2022
Direct costs
Staff costs
Deprecialron and impaimient
18,787
147
18.130
108
18.934
18,238
Grant funding of activities (see note n
28,741
13.380
Share of $upport and governance costs {s8e note 81
Support
5,755
5.423
53,430
37,041
Analysis by fund
Unrestricted funds
53,430
37,041
Grants payable
Unrestricted Unrestrtctsd
2023
2022
Grants to SouthwaTk Calhedpl for..
Regular commitments
Composition.. Soulhwark services
Mernorial Book
Christmas Trees
FaI￿ve11 grfts
Garden grant and fioweTS
Volunteer Management system
Easter Day musicians
Gaia installation
Other
1,595
7,524
350
10,464
2.226
2.695
2,697
1,414
10,176
990
990
28.741
13,380
11

THE FRIENDS OF SOUTHWARK CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support costs allocated to activities
2023
2022
Stationery. post and telephone
Travel
Insurance
OtheT costs
Payroll
Conference
Independent examination
1,111
325
129
2,022
90
843
1.235
2,306
118
1.511
54
350
1,020
5.755
5.423
Analysed betwèen:
Chariiable activiti&s
5,755
5.423
Net movèment in funds
2023
2022
Tho nèt movement in fund5 is staled after chargingl{crediling)'.
Depreciation of owned langbble fixed assets
747
108
10 Mèmbèrs. Ctsuncil
NonB of the membeis, Council (or any persons connected with them) received any remuneration during ihe
year. but one of them wa5 reimbursed a total of £103 travelling axpanses12022- none were reimbursed).
11 Employgas
The average monthly number of employees during the year was..
2023
Number
2022
Number
Employment costs
2023
2022
Wages and sa5aFies
Other pension costs
17,313
1,474
16.739
1,391
18,787
18,130
There were no employees whose annual remuneration wa5 more than £80,000.
12

THE FRIENDS OF SOUTHWARK CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
72 Other expendlture
Unrestrieted Unre5trictsd
funds
fund$
2023
2022
Bank charges
60
60
13 Gains and loss•$ on investments
Unrestricted un￿strICted
funds
funda
2023
2022
Gain$lllossesl arising on..
Revaluab'on of investments
27.024
I27.2(￿)
14 Taxation
The charity is exempl from taxation on lts adivities because all ils income is applied for chaiitable puiposes.
15 Tangible fixe(l assets
Computers
Cost
At 1 January 2023
Additions
1,057
At 31 December 2023
1,657
Depreciation and Impairment
Al 1 January 2023
Depreclalion charged in the year
719
147
At 31 Decernber 2023
866
Carylng amount
At 31 Dècember 2023
791
Al 31 December 2022
338
13-

THE FRIENDS OF SOUTHWARK CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
16 Fixed asset investments
Listed
Inv•stmènts
Cost or valuaUon
Al 1 January 2023
Valu81ion Changes
375.933
27,024
Al 31 December 2023
402,957
Carrylng arnount
At 31 December 2023
402,957
Al 31 December 2022
375,933
17 Dgbtors
2023
2022
Amounts falling due within one year.
Trade debtors
1,234
2,440
18 Crèdltoys: amounts falling due within one year
2023
2022
Other creditors
Acciuals and deferred income
1.317
2.255
1.020
3,572
1.020
19 Retlrement beneflt schemas
2023
2022
Defined Contribution schemes
Charge lo profil or loss in respect of defined contribution schemes
1,474
1,391
The charity operates a defined contribuiion pension sthème for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independenlty adrninistered fund.
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THE FRIENDS OF SOUTHWARK CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
20 Unrestricted funds
The unreslTiCted funds of Ihe charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and granlors as to how they may be used. These also includ
designated funds, specifically the Foundation Fund, which have been sel aside out of unreslricteil lunds by
the Iiusleas for specific purposes.
At 1 January
2023
In¢oming
resources
Resources
expended
Transfers
Galns and
lo$$es
At31
December
2023
Foundation fund
General funds
270.113
150,512
11,000
(11.000)
281.113
160.251
49.538
{55,8231
27.024
420,625
49,538
155,8231
27.024
441,364
Pr8vlous y•ar: At 1 January
2022
Incoming
resources
Resources
ex￿nd•￿
Trdnsfers
Galns and
losses
At31
Decemb8r
2022
Foundation fvnd
General funds
270,113
158.839
270,113
150,512
57.048
138.1691
127,206)
428,952
57.048
138,1691
127,206}
420.825
21 Related party transactions
Transaetlons with Trlated parties
During the year the chaiily entered into the following transactions with related parties..
Grants payable lo Soulhwark Cathedral are listed in note 7 of the Accounts. Members, Council reimbursed
expenses are disclosed in note 10 of the Accounts. The￿ We￿ no outstanding balances al the year end.
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