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
Chron￿16. 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-te￿n 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
P￿ServatIon 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 be￿een 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,
obSer￿e 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 be￿een
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