The FRIENDS of Canterbury athedra The Friends of Canterbury Cathedral Annual Report and Financial Ststements for the year ended 31 March 2025 Charity Registration Number.. 256575 (until 31 December 2024) Charity Registration Number.. 1210093 (from 1 January 20251
The Friends of Canterbury Cathedral Contents Page Council's Annual report 11018 Independent Examiner's report 19 Statement of Financial Activities 20 B81ance Sheet 21 Slalement of Cash Flows 22 Notes lo the Financial Statements 231032
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 This Report The Trustees Iknown as the Friends, Council) have pleasure in presenting their Annual Report. This contains details of the Charity's activities during the year, plans lor 2025-26, and the independently examined financial statements for the year ended 31 March 2025. Council confirms that this report, and the financial slatements of the Charity which foSlow, comply with all current and relevant statutory requirements. Constitution The Friends of Canterbury Cathedral was established in 1927 as an unincorpoialed Society of those who through the payment of an annual or life s(Jbscriplion wished lo assist the Dean and Chapter in carirftg lor the Cathedral 8nd preserving rf for posterily,. In June 1968, the Ch2pler of Canterbury established the Society as a charity. The Charity's Trust Deed dated 3 December 2014 was lodged with the Charity Commission on 6 May 2015. During the financial year 2024-2025, the Charity liaised with the Charity Commission to become a Charity IncoipoTaled Organi881ion ICIOI. Thus, on 31 December 2024, The Friends of Canterbury Cathedral Ch2fity Number 256575 closed and all assets and liabilities were transferred lo The Friends of Canterbury Cathedral Charity Number 1210093 which commenced 1 January 2025. Thls Report covers thè activities ol Charity Number 256575 until il aSed on 31 December 2024., il also covers the aclivitses of Charity Number 1210093 fiom 1 January 2025. A copy of the Constitution of Charity Number 1210093 is available from the Friends. Oftice upon request. Council Under the previous TTust Deed. there could be up to 15 Trustees- comprising the Dean, the Lord Lieutenant of Kent, the Lord Mayor of Canlerbury. a Residenliary Canon lall of whom are ox-officio Trusleesl, and up lo five individuals nominated by the Chapter ol Ganterbury. Up lo six further Trustees were nominated by Council in accordance with the Trust Deed. Olhei than those who hold office ex-officio, a Trustee's term of office was three years. That could be extended by a further three years, after which there hacl to be a gap of al least one year. Under the Constitution of the new CIO, the Friends. Council should comprise seven Appointed Trustees (who are appointed 2fter due process by the other Trusleesl, two ex officio Trustees (being the Dean of the Cathedral and the Lord-Lieulenanl of Kenll, and three Nominated Trustees Iwho are appointed by Chapter). The Chair is appointed by the Charity Trustees. New Trustees are provided with information and guidance published by the Charity Commission on the responsibilities and duties of a trustee. Management of the Charlty Council meets four limes a year and agrees the broad strategy and activities of the Charity. Oversight of day-lo-day opérations is delegated by Council lo a Management Committee, comprising up lo live Appointed Trustees, one Nominated Trustee, and the Dean of Canterbury. The Management Commillee's principal responsibilities, alongside the Chief Officer, are lo assist Council with strategic planning and lo act on behalf of Council. The Management Committee delegates lo the Chief Officer and the Database Adminislralor 2nd Mèmbership Manager such mallers as the recruitment and care of Friends, management of the Friends, databasè, fundraising, organising Friends, events, publications including newsletters, and soeiaS media and the Friends, wèbsite. Page 1
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 The Friends, Council is also a5S151ed by further sub-commillees comprising a Finance Committee, a Grants Committee, a 1 OOV) Anniversary Committee. and, when required, a Working Group, and a Trustee Nominations Committee, The Honorary Treasurer is responsible for monitoring income and expenditure and the management of assets and liabilities in accordance with the policies agreed by CoLJn¢il. Day-to- day accounting is administered by the Friends, Chief Officer and the Friends. Database Adminlslralor and Membership Managei, and by Chaverey's Ltd Accounlanls. Prlncipal risks and uncertainties The Trustees have assessed the risks lo which The Friends of Canterbury Cathedral is exposed and the steps which are being taken lo minimise them. In common with a general trend in international travel and tourism, the Cathedral is experiencing reduced visitor numbers which still remain 200h lower than pre-2020', thus this continues lo affect our ability lo raise awareness of our Charity within the Cathedral and has added lo the risks faced by our Charity. The key risks and the manner in which they are miligatecl are as follows.. Maintenance of the membershi roll.. The success of The Friends, Community and the impact it has on the Cathedral is dependent on maintaining as large a number of Friends on the roll as possible. The Charity is fortunate in that Friends are very loyal and commilled lo the Charity's aims and retention of Friends as members is therefore strong. Ill order to maintain this, there are good communications with The Friends, community by way of public opening hours ofThe Friencls, Office,. ECe-year1Y printed Newslellers., monthly Friends. fundraising events and the annual Chron16. The Charity is also promoted in the weekly Pew Sheet for SeTvices in the Cathedral, especially important for one ofthe mosl-allended Services.. Sunday Eucharist. Since January 2019, The Friends has sponsored the Post-Eucharist lea and coffee hospilalily which lakes place in the Cathedral Lodge on most Sunday mornings. This allows The Friends lo not only assist with the Benedictine welcome given lo the regular congregation and visitors but also allows us lo promote the work of The Friends and our active community lo those allending. The FRIENDly Friday Newslelter is sent out monthly lo over 0-thIrdS of our membership and remair¢s a very popular parl of tnembeFship benefits. Finance and Inveslmenls.. The administrative co8ls of running the Charity are kept lo a minimum. The Honorary Treasurer maintains a close worklng relalion5hip with the Charity's staff and our accounts are reviewed monthly and reported lo the Management Committee on a regular basis. The Honorary Treasurer also makes a report on the financial position of the Charity at each Management Committee and Council meeting. The Honorary Treasurer also chairs the Finance Committee. The lun¢s held by the Charity are essentially of a short- lo mediuM-ten nature. Funds not required for al least 12 months are invested with a professional investment manager. Performance is monitored against agreed benchmarks. The Charity holds annual reviews of the investment portfolio each year and the investment policy is then reviewed by Council each year. As a result of the turbulent financial markets, divldends received from our investments have been variable. The Trustees continue to evaluate how this might impact on their capacity lo assist the Cathedral over the next pèriod. Following the steep rise in costs over the last two years, the Charity now warns Grant Applicants that il is not responsible for increased costs resulting from Inflation,. any such increase, and the precautions iaken lo avoid any increased costs. is the responsibility of the Grant Applicant and Chapter. Page 2
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Grants and Donations.. Trustees ensure that all requests from The Chapter of C8nlerbury meet the objects of The Friends. All applicants are required lo Complete a rigorous Grant Application form which is considered in detail by all Trustees. When projects are completed, Trustees require a Grant Completion and Impact Report lo be completed lo ensure that the Grant has been used successfully lor ils intended purpose. The Trustees require all Grant Applications lo have been verified by the Senior Leadership Team on behalf of Chapter before they are scrutinised by the Grants Committee which then presents them lo be considered by CounciS. This is to ensure accuracy of financial requests and also that all projects pul forward are within the Cathedral's mission and delivery plan. The Charity withholds 10°/ts of the Grant awardèd until satisfactory approval of the Completion and Impact Report of the Grant. Data Handlin The Charity is fully compliant with current data protection requiremènts and working within General Data Protection Regulation IGDPRI requirements which became law in May 2018. The Charity takes D21a Protection very seriously and does not share Friends, data with third parties, other than with some departments of Canterbury Cathedral, so that they may deliver services (such as preparation of accounts) lo the Charity. No other sharing ol data lakes place except where il is required by law. The Charity adheres to the Canterbury Cathedral Privacy Notice which can be found at htl s'.Ilwww canlerbu -calhedral.or labouv riva -and- le al. The Charity uses a secure database lo steward its members and donations. Staff.. In the event of a sudden loss of Key Staff, the Trustees are in a position lo maintain the Charity's objectives thanks to a Shared Level Service Agreement with other Cathedral deparlmenls,. these include the assistance of Information Technology, Human ResoLJrces, and Events departments with whom the Charity already works closely for the benefit of running the Charity and maintaining the Friends, community. Friends enjoy talks in the Clagell Auditorium throughout the y&ar Page 3
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Objects The objects of the Charity are.. lo raise funds in order to make grants to Ihe Dean and Chapter of Canterbury for th6 PServatIon of the fabrio of Canterbury Cathedral,. the general maintenance of th6 Cathedral,. ts aclivitigs and services,. ils ornaments and furnishings,. and lo assist and advise Ihe Dgan and Chapter and for members to give theirpersonal seNices with promoting, as far as may be charitable in law, public interest in the Cathedral, its history and ils work. All of the Charity's activities are guided by these objects which have remained the same as our previous Trust Deed following our change lo a CIO. The Friends, Grant for fire safely equipment helps to keep our Cathedral safe Public benefit The Charity's principal objects are slated above which help to ensure the Cathedral's accessibility lo visitors and worshippers from all over the world. The beauty and history of the building and ils ornaments, the Cathedral's Services, music and educational facilities are open to all who enter the Precincts and the Friends play an integral part in the ministry of welcome and hospilalily. The Trustees confirm that they have complied with the duly in section 17 of the Charities Act 201110 have due regard lo the Charity Commission's general guidance on public benefit in determining the activities undertaken by the Charity. Page 4
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Recruitment The impact ol Covid-19 has continued to affect our ability lo recruit new members over the last year. Visitor numbers still continue lo be 200A lower than those during pre-covid limes. However, the continued streaming of the Cathedral's worship and ministry was made possible due lo two grants from the Charity in a previous financial year. These grants allowed the purchase of cameras and streaming equlpmenl. A further grant in the 2021-2022 year allowed a considerable upgrade to the Cathedral's audio visual equipment. After every broadcast. a message reptsrls that 'This broadcast was made possible thanks lo a gift from The Friends of Canterbury Cathedral,. We have been able to attiibule a number of enrolmenls due lo this message. New membeis were enrolled as follows-_ Membershi Sin le Joint Famil Sin le Life Joint Life Sin le Life +65 Joint Life +65 Student Sin le Under 30 Honora Sin le Life Honorar Joint Life 2022-23 94 61 2023-24 71 52 2024-2025 89 27 14 A number of recruitment Campaigns are run during specific Cathedral events and through the Cathedral's Wh81 s On Guide," this offers 16 months of membership lor the price of 12 in the first year of joining. One ol our crucial ways of engaging with visitors is via our Friends, Desk in the Cathedral and al Cathedral special events and publiG engagement (where appropriatel. We also recTUIt via the Ffiends, web pages within the Cathedral website and via word-of~moulh from existing Friends who Share Iheii enthusiasm fur our community and its work. We also promote our community lo all new Cathedral Welcomers and Guides during their training. Nèw Friends are welcomed with a New Member's Pack and, within the first year of their membership, they are invited lo attend a New Members Celebration. We are indebted lo the Cathedral Guides and Virgers who escort small groups of Friends around the Cathedral for tours. These occasions are an excèllent opportunity for staff and Trustees to meet new Friends and for Friends to make friends amongst other new members of our community. Membership The Dean, and the entire Friends, community, extends a very wami welcome to the 197 individual new Friends who joined us in 2024-25. We thank new members lor supporting the Charity through their membership and we thank all our membeis for being a Friend and a part of our community and for helping us lo support the Cathedral in so many important ways. Page 5
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 ITfFk;,'Il:- Friendly volunteers, who wear blue sashes, help promote our Charity al the Friends, Desk Fundraising Many Friends make regular donations, both large and small, over and above annual membership fees that help build tjp the Charity's funds. We are also fortunate lo benefit from family trusts which donate lo the Charity from lime-to-lime. The Charity aims lo achieve best practice in the way that il communicates with ils members and supporters and lakes care with the lone and accuracy of ils communications to avoid any pressure on donors and lo ensure that their data is protected. The Charity never sells data and never swaps data other than with other departments of Canterbury Cathedral land only with a member's permission) lo enable services to be delivered. The Charity manages ils own fundraising activities and does not employ the services of professional fundraisers. The Charity undertakes lo react lo and investigate any complaints regarding ils fundraising activities and lo lèarn from them and improve its service. During the year ended 31 March 2025. the Charity received no complaints abotjl ils fundraising aclivilies. Vvhilst the Charity has a busy piogramme of fundraising events for members (see pages 9-111, il is aware of the importance of allowing members lo allend some events free of charge, such as the FRIENDly Singing Sessions. Page 6
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Honorary Life Friend, Paul Bennell, gave a talk on Friends. Day about the history of The Precincts and Cathedral The Friends, offlce The Friends, Office is located at Cathedral House, 11 The Precincts. The Office welcomes visitors beeen 10am-12 noon, and 2-4pm, Monday to Wednesday, and Friday. The Office is closed lo visitors outside of these limes lo allow staff lo allend to administrative tasks. During the year our staff were Caroline Plaisled. Friends, Chief Officer and Administrator, and Caroline Mccartney, Database Administrator and Membership Manager. On occasions, such as in Spring and Autumn when twice-yearly mailings are despatched, the staff welcome the support of volunteer5 who give valuable lime, assistance and good cheer, lo this important task. Grants payable: The grants gifted by the Charity lo the Cathedral in the past year have been many and varied. They include.. A Grant to purchase dining chairs lo be used in the Refectory of the Cathedral Lodge Hotel. A Grant lo replace some of the fire safety equipment in the Cathedral. A Grant lo allow for an art inslallalion in the Quire entitled Moon Landing. A Grant to create visitor inlerpretalion of the Miracle Windows. Page 7
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 New chaits the Cathedral Lodge Refectory were funded by a Grant from The Friends Gift Ald Gift Aid is claimed regular basis in accordance with HMRC online requirements. 11 is vital that all data is accurate and we are vigilant in updating our database on an on-going basis. We are giateful lo all Friends who assist us in completing a new Gift Aid Declaration when informing us of updated address details. £1 £1 25p Specific 'Friends of Canterbury Cathedral" Gift Aid donation envelopes are available at the Friends, Desk for any visitors who wish lo make donations lo the Charity when they are in the Cathedral. These can be placed in the donation box on the Friends, Desk or in any of the collection boxes housed in the Cathedral. The same Gift Aid envelopes are also made available to worshippers attending the Friends, Day Evensong and the Friends, Christmas Carol Service. We thank all Friends and visitors who are able lo support us in raising extra funds through Gift Aid. Page 8
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Events 2024.25 The Friends, Events Programme not only forms an important part of the Charity's fundraising activities bul is an important social aspect of our Friends, community. Some events offer Ffiends the chance lo see the 'hidden' work of our Cathedral by way of talks and tours of departments which are not otherwisè open lo visitors and which, therefore, enhance membership. One of the highlights of Dur Charity's year is Friends. Day which has been held every summer since 1928. This is a chance for Friènds lo gather together and celebrate our Cathedral and also the work our community has done lo support il during the previous year. Another highlight is our annual Christmas Service and Dinner which is a wonderful way lo conclude the calendar year. Other events during the year included a number of topics. Those on art included More Then a Nail fvlan,- and Pro-Raphaelile Womvn.. Mffslresses, Models. and Wives., those on the Anglican Communion included The Archbishop's Walking Stick and Hwhly-spiced Novelties- the Anglican Communion All the World,. other historical topics ¢overed were Coffee and Coffee Houses, Canterbury in Ihe Time ofD8foe and Austen, and Church, Chapel, The Discov8ry ofRichard111, and Controversy in Victorian Canlerbury.In celebration of a research and consetV8tion projert of the Cathedral's oldest glass. the Miracle Windows, a project which has been twice supported by our Charity, a talk entitled Miracles, Madeness, and Mistaken Idenfrily updated Friends. Events allended by members of our Friendly community included various musical events such as a Coffee Concèrt, a Summer Serenade, and a trip lo Westminster Abbey to enjoy a tour led by The Purcell Club. As parl of the Cathedral's Celebiations for the 80th anniversary of D-Day, The Friends were proud lo host the Central Band of the Royal British Legion for a concert in the Nave. This was allended by Friends and an audience drawn from across the city of Canterbury and the South East. A group of 4S Ftiends enjoyed a trip lo Devon which look in Exeter and Salisbufy Calhedrals as well as outings lo a number of historic houses and gardens. Page g
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 ILI tp The Friends hosted a Roy81 British Legion concert for the 8(yh anniversary of D-Day Continuing on from the successful launch of our partnership with the Royal School of Needlework in 2022. three needlework classes were taught by RSN tutor Helen Stevens and held in the Community Studio. The designs worked were uniquely inspired by the windows and lexliles of the Cathedral collections. Students of these classes travelled from far and wide lo be with LJS- some from as far as the United Stales. All classes were instantly sold out. Page 10
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Ourpartnershffp classes with the Royal School of N8edlgwork have proved exlr8m8lypopul8r Events planned for 2025-2026 A varied programme of Friends, Events will be offered lo the Friends, community during the year. These will include a series of talks, some of which will continue our series on the history of Canterbury. Others will include a talk on Bruges, the men who built our English cathedrals, talks on Thomas Becket, a tslk on the Archbishop of Canlerbury. and talks on the history of art and also arl in our own Cathedral. Friends will enjoy another Coffee Concert as well as another Summer Serenade. There will be the biennial Big FRIENDly Sing which atlracls singers from across the South East and further afield lo rehearse and perform Mozart's R6quiem. As is our tradition, Friends will gather for our Carol Service and Dinner as well as Friends, Day in the summer. The annual Friends. Holiday will be to Cheshire lo visit both Chester and Leicester CalhedraSs as well as arl galleries, and historic houses and gardens. Page 11
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Tho Friends visited Exeter Cathedral during the annual holiday in 2024 Legacles We are enormously grateful lo those Friends and their families who left legacies lo the Charity during the year. In 2024-25 we remember and give thanks to Miss C Banner, Miss C Boydell. the Rev'd Casley, Miss J Gray, Mr B Lock, Mr P SeymoLJr, Miss A Shirley, Mrs K Smith, Miss P Smith, Ms V Slickland, and Miss J Thirkell. Website We update the Friends, pages on the Cathedral website on a regular basis, The Charity gave a grant lo the Cathedral lo allow il lo launch a new website. This has enabled The Friends, pages lo include an online enrolmenl option which links directly lo oui database. This has been beneficial in expanding our ability lo enrol new members. There is a branding on the website which acknowledges the Charity's grant supporting the website. Friends, Desk The Friends, Desk in the Cathedral is our opportunity lo tell visitors what The Friends do and how people Can join our community. This is situated in the South East Transept close lo the lomb of the Black Prince. As this is a key point for visitors when they come lo the end of their lour of the Cathedral. il is an ideal location for reaching out lo pilgrims and tourists with news of the work of The Friends. Existing Friends and oijr volunteers, who are in allendance al the Friends, Desk six days of the week, continue to play a key role in recruiting thanks lo their enthusiasm for the community we enjoy and the work that we do. The Friends, Desk is also an information point for forthcoming Friends, events. There are plans to Ljpdale the Desk, subject lo the necessary permissions, in the near future. Page 12
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Volunteers We are indebted lo our volunteers who offer their time, talents. experience and enthusiasm to promote the Charity in so many ways both within and outside of the Precincts. We have a team of 15 volunteers, who greet visitors at the Friends, Desk, These volunteers and many others, also joln Us for various occasions when we offer hospitality lo groups from other cathedrals who visit Canterbury. We also have a stalwart group of about 20 volunteers who help to prepare the twice- yearly mailings. Our volunteers are the best adverlisemenl lor the Charity and their support and enthusiasm is infectious. Newsletter and Chronicle We publish printed Newsletters each year lin Spring and Autumn) in order lo update Friends on our community's activities and events in and around the Cathedral. The Chmnicle is published annually and is, in effect, the Cathedral's year book. The Chronicle is sent lo all Friends with our Spring mailing and also lo all national collection libraries in the UK. The Ghronicle and the latest Newsletter and relevant Programme of Events are included in all New Members, Packs. The Chronicle is also displayed in the bedrooms of the Cathedral Lodge and circulated lo all departments of the Cathedral. The FRIEiVDly Friday Newsleller 15 an e-newsleller which is circulated to those Friends on email al the end ol every month. Financial perfoymancg Donations and legacigs including membership income came lo £160,84612024.' f 310,0301. Included In this figure were legacies receivable of £45,61212024'. £188,328). Historically, legacy income has funded a significant proportion of the grants made by the Charity to the Cathedral. We are extremely grateful lo Friends who make a point of including a legacy lo the Charity in their Wills. We are also grateful to the famiSies of Friends who designate the Charity as the recipient of retiring collections at funerals and memorial services. Friends may wish lo be reminded that bequests to charitable organisalions totalling 10°k or more of the nel value of an estate result in a 100k reduction in the rale of Inheritance Tax payable. 11 is therefore often possible for even qLJite modest bequests to result in a significant tax saving Fundraising activitl8s {principally Friends. events) after costs raisèd a nel £10,53012024'. £24.3801. Investment income from funds managed on our behalf by Sarasin & Partners LLP generated an income of £34,57612024.. £32,996)- a yield of approximately 2.90/0 {2024.. 2.9 % l. From 2024 additional funds have also been invested with CCLA Investment Management. The total value of investments under management increased in the year by £287,974, having tsken account of nel additional units purchased and the revaluation gains. The income from the funds is reinvesled as il is received. Other shareholdings decreased by £3.581. Bank and other interest of £11,971 was received in the year Gompared with £12,761 in 2024. Grants payable.. dLtfing the year, the Charity agreed lo commit nel total funding of £47,362 (2024.. £449,888) towards varioLJS projects. The detsil is set out in note 6 to the financial slalements. Support costs Islaff, premises and adminislralive expenses) plus governance costs have increased from £114,950 in 2024 10 £122,389 in 2025. In 2022, the Charity agreed with the Cathedral that il should pay ils owri staff costs. Page13
The Frlends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Reserves policy Council has determined that reserves of between £250.000 and 9400,000 shoulcl be maintained. When resetves reach the upper level. Council enters Into discussions with the Cathedral lo idenlify projects which will enhance or restore the Cathedral fabric, or supwrl the worship and music, for which funding is required. Al the end of the financial year, funds lolalled £1,695,090 and included free reserves of £1,656,911 (excluding designated and restricted funds). Whilst the level of free reserves is significantly above the normal range, the Charity is discussing priorities for funding with the Cathedr21. The Trustees believe that, al the current time, given the Iluclualing markets. il is prudent lo hold slightly higher reserves than that required under the reserves policy. Over the next twelve lo twenty-four months income may fall, especially that from investmenls. However, expenditure can, if necessary, be curtailed by reducing or deferring grant payments. Whilst the fluclualing markets will posè some challenges for the Charity, the Trustees believe that the Charity Is financially robust enough lo withstand these. Investmentpolicy and p8rformance Funds ralsèd by the Charity and awaiting donation to the Cathedral are invested lo produce optimum returns, whilst ensuring sufficient liquid ftjnds are available lo fulfil agreed commitments lo the Cathedral. Around 89/0 of the Charity's assets were held in cash al the year end12024'. 250/01. Funds are invested in accordance with the mandate approved by the Council, which inter alia requires the investment manager lo follow the guidelines on the Ethical Investment Policy of the Church Commissioners. The benchmark for the perlormance Df the equity portfolio is the FTSE 100 Share Index or such other indices as may be agreed with the investment manager. Plans for future periods In addition lo the Friends, events mentioned earlier, and subject to working with the Catheclml and ils mission and sllalegic plan, our aims remain lo.. Increase the number of Friends with our work and by engaging with visitors lo the Cathedral Encourage existing Friends to all try lo recruit another Friend in the ¢oming year Continue lo raise funds in furtherance of the Charity's objectives Encourage as many Friends as possible to consider leaving a legacy to our Charity Continue to develop our Events programme lo broaden the reach of our membership lo younger and more diverse age gTOUPS including families Broaden the reach of the Charity by embracing the opportunities offered by working alongside other department of lbe Cathedr81 including the Fundraising Department Update The Friends, Desk in the Cathedral in line with the design and graphics of The Canterbury Journey lo allr8cI more visitors lo engage with our community and ils work and introduce electronic enfolmenl and payrnenl at the Desk. subject to technological and WIFI access Acknowledgements The Friends, Council is indebted to12in Morris and Claire Jones al Chaverys Ltd for their invaluable assistance in maintaining the Friends, linancial records, to Caroline Plaisled and Caroline Mccartney who staff the Friends, Office, and lo the Friends, volunteers who help run the Friends, Desk in the Cathedral so efficiently. Page 14
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Statement of Trustees, responsibilities in relation to the financial statements The Trustees are responsible for ensuring the preparation of the Annual Report and the Financial Slalemenls Is in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice applicable lo smallei charities. Law applicable to charities in England and Wales requires the Trustees to prepare financial statements lor each financial year which give a true and fair view of the slate ol affairs of the Charity and of the income and expenditure of the Charity for that period. In preparing these financial slalements the Trustees are required to.. select suitable accounting policies and apply them consistently, obSere the principles 2nd methods of the Charities Statement of Recommended Pr3clice', make judgments and eslimales that are reasonable and prudent, stale whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slatemenls. and prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the Charity will continue in operation. The Trustees ale responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure that the financial slalemenls comply with applicable law and the Charity's trust deed. They are also responsible for safeguarding the assets of the Charity and hence for the prevention and detection of fraud and other irregularities. This report was approved by the Council of The Friends of Canterbury Cathedral on 26 June 2025 and signed on ils behalf. Chair.. Janet SaundeTS Page 15
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Charity Reglstratlon Number.. 256575 (until 31 December 20241 Charity Registration Number.. 1210093 {from 1 January 20251 Trustees- The Trustees of the Charity are the members of Council, listed on page 17 and 18 Princlpal Officer.. Fr¢ends' Chief Officer.. Caroline Plaisled Address of the Prlncipal Office: The Friends, Office Cathedral House 11 The Precincts Canterbury Kent CTI 2EH Bankers.. Lloyds Bank plc 49 High Street Canterbury Kent CT1 2SE Investment Manager: Sarasin & Partners LLP Juxon House loo st Paul's Churchyard London EC4M 8BU Investment Manager: CCLA Investment 1 Angel Lane London EC4R 3AB Independent Examiner: MA Crawley FCA STEP Chartered Accountant Vvhitslable Kent Legal Advisor: Winckworth Sherwood LLP Arbor 255 Blaekfriars Road London SE19AX Page 16
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Charity Number: 256575 President: The Lord Archbishop of Canterbury Royal Patron: His Majesty The King Chairman of the Council: Monleilh The Dean ot Canlerbury, The Very Reverend. Dr, David Members of the Council: The membeTS of the Council who have acted al any time during the course of the financial year and up lo the dale of thi8 report were.. Appointed under the Charlty's Trust Deed Ex Officio.. The Dean of Canlerbury, The Very Reverend Dr David Monteith Jean Butcher- The Lord Mayor of Canterbury The Lady Colgrain - His Majesty's Lord-Lieulenanl of Kent Nominated by the Chapter of Canterbury Samuel Barrell (from October lo December 2024} Pamela Baxter Ilrom October 20241 lain Morris FCA The Reverend Dr Emma Pennington, Canon Missioner Nominated by the Friendsl Council Patsy BaTreti Rebecca Lilley Irene Nierzwicka Janel Saunders Dr John Williams MBE Co-opted Amanda Collrell OQE JP DL Ico-optedl Janice Reid Ico-opledl Page 17
The Friends of Canterbury Cathedral Council's Annual Report for the year ended 31 March 2025 Charity Number: 1210093 Royal Patron: lis Majesty The King Chairman of the Council: Janet Saunders Honorary Treasurer- lain Morris Members o* the Council.. The members of the Council who have acted 21 any lime during the Course of the financial year and up to the dale of this report were.. Appointed under the Charlty's Constitution Ex Officio: The Dean of Canlerbury, The Very Reverend Dr David Monleith The Lady Colgrain, His Majesty's Lord-Lieulenanl of Kent Honorary Civic Representative.. The Lord Mayor of Canterbury Nomlnated by the Chapter of Canterbury.. Pamela Baxter The Reverend Dr Emma Pennington, Canon Missioner On8 position is currently vaGant AppoTnted Trustees.. Palsy Barrell David Innes (appointed by Council on 27 March 20251 Rebecca Lilley lain Morris FCA Irene Nierzwicka Janel Saunders Dr John Williams MBE Associate Amanda Cottrell OBE JP DL Page 18
The Friends of Canterbury Cathedral Independent Examiner's Report Report to the Trustees of The Friends of Canterbury Cathedral on accounts for the year ended 31 March 2025 I report on the accounts of the Charity for the year ended 31 March 2025, which are set out on pages 20 10 32. Respective responsibillties of Trustees and Examiner The Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 Ilhe Charities Act} and Ihal an independent examination is needed, 11 S my responsibility to.. examine the accounts under section 145 of the Charities Act, lo follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515llbl of the Charities Act, and to stale whether particular matters have come lo my allenlion Basis of Independent Examinar's statement My examination was carried out in accordance with the general directions given by the Charity ComTnission. An examination includes review of the accounting records kept by the eharity and a compari50n of the a¢coLJnls presented with those records. It also includes consideration of any unusual items or disc108ures in the aGcounls, and seeking explanations from the Trustees Concerning any such m211èrs. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as lo whether the accounts present a 'true and fairf view and the report is limited to those mallers set out in the statement below_ Independent Examiner's statement I have completed my examination. I confirm no material matters have come lo my allenlion whlch gives me cause lo believe that in, any material respe¢l'. accounting records were not kept in accordance with seelion 130 of the ChaTilies A¢l', or the accounts do not accord with such records. or the accounts do not comply with the applicable requirements conceming the form and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requlfemenl that the accounts give a 'lrue and fair, view which is not a maller considered as parl of an independent examination., or the accoLJnts have not been prepared in accordance with the Charities SORP IFRS1021. I have come across no other matters in connection with the examin21ion lo which the attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. MA Crawley FCA STEP Chartered Accountant Whilstable Date.. 26 June 2025 Page 19
The Friend5 of Canterbury Cathedral statement of Financial Activities for the year ended 31 March 2025 2025 2025 2025 2024 Note Unreslricled Restricted Total Totsl Income from: Donations and legacies Fundraisin9 activities Inveslm8nls and interest receivable Other incoming resoLtrces Total 143,851 29,424 46,547 16,995 160,846 29,424 46,547 3,625 240,442 310,030 44,678 45,757 15,111 415576 223 447 16,995 Expendltura on: Raising funds Grants payable Support and govemance costs 36,1S7 30,487 122 389 36,157 47,362 122,389 205 908 28,933 449,888 114,950 593.771 16,875 189.033 16,875 Net incomel lexpensel before gains on investments 34,414 120 34,534 1178.1951 Net gain on investments 8,269 8.269 82,295 Net incomel(expense) and net movement In funds 42,683 120 42,083 195,9001 Reconciliation of funds.- Balance brought lonNard al 1 April Transfers between funds 1,640,757 113,743) 11,530 13,743 1,652,287 1,748,187 Balance carried forward at 31 March 1669,697 25,393 1,695,090 1,652,287 The above results reflect the total gains and losses of the Charity and arise wholly from continuing aclivilies. The notès on pages 23 10 32 form part of these aecounls. Page 20
The Friends of Canterbury Cathedral Balance Sheet at 31 March 2025 2025 2024 Note Fixed assets Tangible assets Investments 1,182 1,524,255 1,525,437 1,555 1,244 477 1,246,032 10 Current assets Debtors 64,459 137257 96,376 748,520 844,896 Cash al bank and in h8nd 201.716 Liabilltles Creditors.. Amounts falling due within one year 12 438,641 Net current assets 169,653 406 255 Net assets 1.695,090 1,652,287 Charity funds Restricted funds 13 25,393 11,530 Unrestricted income funds General ftjnds 13 1,656,911 12,786 1,628.027 12,730 Designated funds 1,669,697 1,640,757 1,695,090 1,652,287 The financial slalemenls were approved and aulhorised for issue by the Council of The Friends of Canterbury Cathedral on 26 June 2025 and signed on ils behalf by'.- Janel Saunders. Chair The notes on pages 23 10 32 form part of these accounts. Page 21
The Friends of Canterbuyy Cathedral Statement of Cash Flowa for the year ended 31 March 2025 Note 2025 2024 Cash flows from operating activities Nel cash (used inll provided by opeialing a¢tivilies Cash flows from investing activities Investment income and interest received Purchase of investments Purchase of fixed assets Net cash used by investing actlvities 386,301 202,597 48,547 1268,2861 45.757 {140.6591 1.866 96,768 221,739 Change in cash and cash equivalents in the year Cash and cash equivalent al the stall of the year Cash and cash equivalents al the end of the year 1608,0401 755,496 147,456 105.829 649,667 755,496 Reconciliation of nèt movement in funds to net cash lused inll provided by operating actlvities Net movement In funds (as per the Statement of Financial Activities) Adjustments for: (Gain) on investments Investment income and interest receivable Decrease in debtors (Decreasell Increase in creditors Depreciation Net cash (used inll provided by operating activities 42,803 195,9001 18.2691 (46,5471 31.917 1406.5781 373 182,2951 145,7571 3,343 422,895 311 386,301 202,597 Cash and cash equivalents Cash al bank ancl in hand Cash held by investment managers 137,257 10,199 147.456 748,620 6,976 755,4 Reconciliatlon of net debt 2024 Cash flows 2026 Cash al bank and in hand Cash held by investment managers 748,520 1611,2631 3,223 608 040 137,257 10,199 147 456 755,496 Page 22
The Friends of Canterbury Cathedral Notes to the Financial Statements for the year ended 31 March 2025 1 Principal accounting pollcies The principal accounting po5icies adopted, judgements and key sources of eslimalion uncertainty in the preparation of the fi'nancial statements are laid out below. Basls of accountlng The8e financial statements have been prepared for the year ended 31 March 2025 with comparative information given in respecl to thè year lo 31 March 2024. The linanckgl statements have been prepared under the historical cost convenb'on with items recognised at cost or transaction value unless otherwise slated in the relevant accounting policies or other note5 to these financial statements. The financial statements have been piepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ITeland {Charities SORP IFRS 10211 and with the Charities Act 2011. The Charity conslilutes a public benefit entity as defined by FRS 102. The financial slalemenls are presented in sterling and rounded lo the nearest £. Critical accounting estlmates and areas of ludgemgnt Preparation of the financial slalements requires the Trustees and management to make significant judgements and estimates.. The items in the financial slalements, where these judgements and estimates have been made, relate lo assessing the probability ol receipt of legacy income. Assessment of golng concern The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial 51alements_ The Trustees have made this assessment in respect to a period of one year from the date of approval of these financial slalements. As a result, the Trustees have concluded that there are no material uncertainties re52ted to events or conditions that may cast significant doubl on the ability of the Charity to continue as 8 going concern. The Trustees are of the opinion that the Charity will have sufficient iesources to meet its liabilities as they fall due. Page 23
The Friends of Canterbury Cathedral Notes to the Financial Statements for the year ended 31 March 2025 Income recognltion Income is recognised in the period in which the Charity has enlillemenl lo the income. the amount of income can be measured reliably and it is probable that the income will be received. Income comprises donations and legacies. investment income and inlgresl receivable and income from fundraising activities. Income from donations is Included as income when the Chsrity is enlilled lo the income and the amount Can bè measured. Services donated lo the Charity are included within the financial statements as both income and expenditure al their estimated fair value. Dividends are recognised once the dividend has been declared and nolih.calion has been received of the dividend due. Interest on funds held on deposit is included when il is receivable.. this is normally upon notification from the bank of the intèrest payable or paid. Income from fundraising aclivilies, comprising mainly income from events, is recognised when the event lakes place. Legacles Legacies are recognised in the statement of financial activities when the T¥ustees are satisfied the Charity is entitled to the legacy, the value of the legacy can be reliably eslimaled, the executors have established that there are sufficient surplus assets in the estate lo pay the legacy and that receipt of the legacy is probable, and fulfi'lmenl of any conditions alla¢hed lo the legacy is wholly in the control of the Trustees, Expenditure recognition Liabilities are re¢ognised as expenditure 85 soon as there is a legal or constructive obligation Gommilling the Charity lo make a payment lo a third party, il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and is slated inclusive of irrecoverable VAT. Expenditure Comprises direct costs and support costs. All expenditure is allocated to the relevant expenditure heading. The classification between activities is as follows.. Expenditure on raising funds comprises fundraislng expendiluie ie the costs incurred in relation lo events, goods sold and publishing the Chronicle. Expenditure on charitable a¢livilies includes all costs of grant making including support costs Page 24
The Friends of Canterbury Cathedral Notes to the Financial Statements for the year ended 31 March 2025 Donated facilities The value of donated services and gifts in kind provided lo the Charity are rècognised as income in the period that they are receivable, where the benefit Can tje reliably measured. An equivalent amount is recognised as expenditure ullder the appropriate heading on The Statement of Financial Activities unless the gift is a fixed asset when it would be capila5ised and dèpreciated over ils useful economic life. Grants payable Grants payable are included in the Statement of Financial Activities in the year when approval is gianled and when the recipient has either received the funds or been informed of the decision lo make the grant and has satisfied all performance conditions Grants approved but not paid al the end of the financial year are accrued. Grants where the beneficiary has not been informed or has to lulfil performance conditions before the gr8nl is released are not accrued bul are disclosed as financial commitments in the financial slatemenls. Support costs and governance costs Support costs represent indirect charitable expenditure. In order lo carry out the primary purposes of the Charity, it is necessary lo provide support in the form of pprsonnel development, financial procedures and controls. provision of general office services and equipment and a suitable working environment. Governance costs comprise the costs relating lo the public accountability of the Charity and costs incurred in respect of its compliance with regulation and good practice. All support costs and governance costs are included within the expenditure of the one principal charitable activily of the Charity. Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequenlty measured al cost, nel of depreciation and any impairment lossès. Depreciation is recognised so as lo write off the cost of assets less their residual values over their usefLJI lives on the following bases. Office equipment 20% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset and is credited or Charged lo the Statement ol Financial Aclivilies. Fixed asset investments Listed investments are a ltsrm of basic financial instrument and are initially recognised at their transaction valLJe and subsequenlly measured at their lair value as al the balance sheet dale using the closing quoted market price. Realised gains lor losses) on investment assets are calculated as the difference beeen disposal proceeds and either their opening cairying value or their purchase value if acquired subsequent lo the first day of the financial year. Unrealised gains and losses are calculated as the difference between the tair value and the cariying value al year end. Realised and unrealised investment gains (Dr losses) are combined in the Statement of Financial Activities and are credited (or debiledl in the year in which they arise. Page 25
The Friends of Canterbury Cathedral Notes to the Financial Statements for the year ended 31 March 2025 Debtors Debtors are recognised al their selllement amount, less any provision for non-recoverability. Prepayments are valued al the amount prepaid. Cash at bank and in hand Cash al bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Creditors and provision5 Creditors and provisions are recognised when therè is an obligation al the balance sheet dale as a result ol a past event, il is probable that a Iransler of economic benefit will be requiied in selllemenl, and the amount of the selllemenl can be estimated reliably, Creditors and provisions are recognised al the amount the Charity anticipates il will pay lo settle the debt. Fund structure Reslricled funds comprise monies raised for, or their use reslricled lo, a specified purpose or mounts subject to donor imposed conditions as lo use. Designated funds comprise monies sel aside out of L¢nreslricled general funds for specific future purposes or projects. General funds represent those monies which ale freely available for application towards achieving any charitable purpose that falls within the Charity's charitable objects. Pensions Employees of the Charity are enlilled to join a defined contribution 'money purchase, scheme. The pension charge represents the amounts payable by the Charity lo the scheme in respect of the year. Page 26
The Friends of Canterbury Cathedral Notes to the Financial Statements for the year ended 31 March 2025 Donations and legacies 2025 2024 Annual and life member subscriptions Donations Legacies Grants 59,909 38,450 45,612 16,875 160 846 53.514 68,188 188,328 310,030 Withln the total donatlons received were donations restricted as follows:. Donations restricted 2025 2024 Miracle Win(Jow Cathedral Clock Friends, Garden project Stained Glass 16,875 15,760 10,000 120 120 16,995 25,880 other trading actlvlties 2025 2024 Income from running events Income from sale of goods 29,419 44.648 30 29.424 Income from Investments 2025 2024 Investment income Bank and other interest 34,576 11.971 46,547 32.996 12,761 45,757 Other income 2025 2024 Sundry income 3,625 3,625 15.111 15,111 Page 27
The Friends of Canterbury Cathedral Notes to the Financial Statsments for the year ended 31 March 2025 Expendlture on raislng funds 2025 2024 Cost of runnillg events Publishing costs 18.889 17,268 36,157 20,268 8,665 28,933 Expenditure on charitable a¢tivities: Grants payable Grants payable 1Apr24 Paid year Grants approvedl Ireleased Grants payable 31 Mar 25 Grants: Deanery renovation pioject Miracle Windows Inlerpretalion Moon Landing Fire Safety Take a Seat Others 424,860 1424,8601 116,8751 17,888 12.786 7,069 6,661 2,958 1,013 12,786 [7,(9) 16,6611 12,958) 424.860 458.423 47,362 13,799 Expendlture on charitable activities 2026 2024 Support costs Staff costs Isee note 81 Postage, printing and stationery Office rent other Offi costs 76,056 6,653 8,493 31,187 122,389 75,558 5.195 8,222 114,950 Page 28
The Friends of Canterbury Cathedral Notes to the Financial Statements for the year ended 31 March 2025 Analysi5 of staff costs 2025 2024 Wages and salaries SDcial security costs Pension costs 65,118 6,431 4,507 76,056 64,360 6,371 4,827 75,558 The average number of full-lime-equivalenl employees during the year was 212024.. 21, with all employee lime involved in providing support services. No Tnember of staff had emoluments exceeding £60,00012024= none). The key management personnel of the Charity are deemed to be ils Trustees. No Trustee received any remuneration with respect to their role as members of key management during the year12024= £nill. 9 Tangible flxed assets Office equipment Cost At 31 March 2024 1.886 Additions At 31 March 2025 1,866 Depreciation At 31 March 2024 311 Charge In year Al 31 March 2025 373 684 Net Book Value At 31 March 2025 1,182 1,555 Al 31 March 2024 Page 29
The Friends of Canterbury Cathedral Notes to the Financial Statements for the year ended 31 March 2025 10 Fixed Asset investments 2025 2024 UK quoled investments.. Market valije 1 April Additions Dlsposals Unrealised investment gains Market value 31 March 1,237,501 272.901 14,6151 8,269 1,514,056 1,014,547 140,659 82,295 1,237,501 Cash held within the investment portfolio 10,199 6,976 Total Investments 1,524,255 1,028,742 Hislor¢cal cost of the quoted Investments al 31 March was as follows'.- 1,113,700 842,342 All the principal investments are in units in a Common Aulhorised Investment Fund, which provides 2 spread of risk. 11 Debtors 2025 2024 Sales ledger Gift Aid recoverable Prepayments Legacies receivable 5,705 1,278 4,793 859 63,600 64,459 96.37S 2025 2024 12 Creditors: Amounts falling du8 within one year Purchase ledger Accruals Amounts received for future Friends events Grant cominilmenls {see note 61 Amounts owed lo related enlilies Other creditors 413 7,164 7,771 13,799 741 2,175 4,238 2,300 424,860 4,672 2,671 438,641 Page 30
The Friends of Canterbury Cathedral Notes to the Financial Statoments for the year ended 31 March 2025 13. Funds of the charity At the year end the charity had funds in hand as follows.. Fundralslng and other Gains Transfer A5 at Income qApr 2024 Grantsl on between Asat 31 Mar 2025 expendl¢ure donations Investments funds Restricted funds Miracle Vlfindow Friends, Garden proje¢l 16,875 116.875} 1,013 1,013 10.000 10,000 Slained Glass 530 120 650 Music projects 12,730 13,730 11,530 13.743 Designated funds Moon Landing 12,786 12,786 Music projects 12.730 12.730 56 12.786 Gtrneral funds 1,628,027 223,447 1158,5461 130,4871 8,269 113,7991 1,656.911 Total funds 1,652,287 240 158.$46 1.695.090 General funds can be applied for any of the purposes for which the Charity was established. 14 Pensions The Charity operates a defined eontribulion pension scheme The assets of the scheme are held separately from those of Charity in an independently administered fund. The contributions lo the scheme paid were £4,50712024'. £4,827). There were outstanding contributions of £741 payable to the scheme at the year end12024. £2,725>. Page 31
The Friends of Canterbury Cathedral Notes to the Financial Statements for the year ended 31 March 2025 15 Related party transactions and Trustees, remuneration No remuneration was paid to the Trustees in the year12024.' £nill. No travel or other expenses were reimbursed to Truslees12024 - £nill. Donations by Trustees to the Charity during the year were £nil12024.. £nill. The Chapter of Canterbury is the sole beneficiary of the Ch2rity bul the Charity is not controlled by the Chapter of Canlerbury. Grants payable to the ChapleT during the year are as set out in note 6. The Charity occupies premises owned by the Chapter for which a full rent is paid of £8,49312024'. £8,222) together with all properly related charges. 17 Taxatlon The Friends of Canterbury Cathedral is a registered Charity and therefore is not liable lo Income Tax, Corporation Tax or Capital Gains Tax on income or gains derived from its charitable activities as they fall within the various exemptions available lo registered charities. Page 32