Annual Report and Financial Statements Friends of Winchester Cathedral For the Year Ended 31 March 2024 Charlty No. 220218 Friends of Win¢he5ter Cathèdral nnual report and linanclal $tatement$ for the year Ènded 31 March 2024 Index Report of the TYu5tees Roport of the Independent •xamlner Statemont of financial a¢tiviti•s Balance sheet Notes to the financlal statements 8-15 Friend5 of Wittchester Cathedral Annual report and financlal stat•m•nts for the year ended 31 March 2024 Report of the Trustees The Trustees pr¢sent Iheir report and the assuciated t￿OnC191 statements uf the chariry ft)r the year ended 31 fv12rch 2024. Referenc• and admbnistrative details Charity tegAs¢fation number 220218 Registered otEce 2 The Close Winchester S023 9LS Trustees Chairman of thc Board (Trf Tmstees: ,Mr Brn￿e Patker Treasurer. Mr ￿"Chara Green-W"llkinsun Elected member5". Mr5 Angela Forder-strnt Mi55 Jenny Hiltt)n Mr Nigel Spicer Prof Tom W'at50n. vice£h9Jrman Dr &ndy IVI)od Ex-offjcio member: The Dean UE WJnch¢5ter. the Ve4 RevererLd Catherine Og] Members 2PPOinted the Dvan The Precentor and Sacrist of W￿Chester C2thcdol: thc Reverend Canvn Ajjdrew Trenier Ditector frs Lucy Hutchin Investment adwxsers JM Fion. Regency Huuse, 13 St Clements Stcel iX'inchc5ter S023 9HH (Fr()m April 2024) Batdn5timiivn pr()Illd￿ for thc appi)inEment Ind L]ecii(>n ut Btsard m¢mbers. The Board is sUPPOrt¢d by a number of Committee5, e2ch chaired by an elected tru5tx which have SPLafic responsibilities fc)r the detiiled ninnin.4r uf the chariry and the achieirement of irs object5. Four Cummittces Ire ai prcsent establishLd Th-hich culer ActiiYtie5, AdministrariotL, Finance & Tnvestsncnts and Membership & Fundraising,. ObjeetS The charity's objects ate to.. assist thc Chapter in maiTLtairung the f2bric And monuments and the fitting5 2nd fitrrti5kn.ngs oc Vinchesrer Cathedral and its associitcd ground-works yqthin the precincts. excluding propcrry used fur residential or admini$tr#uve pwses" stimulate interest in the CathedraL. encuurage and support acti￿￿¢$ calculated ro pteserve 2nd beautsfy the Cathedral, its music and its kn"stt)ry. The Trustees worked c105ely thc Chapter to ensure that Fricnds. support Vta5 chgnneled effectivel} to meet the charity's objcctives. Achlovem•nts Events During this year. uur talks have been in 2 hybtid fornut with good au&'ence5 attending io person and a150 jDinin.4F by ZLiom. In tUT2L ten t2lks took place duriiig the year. They were on subjects vatying from the histun" of the Hdiijpsljin Chroiiir/e to Dcan Catherine's history of textile5. Scthpture in the Cathedraj. Ch2rlort¢ M2ry Yongre, the writer. ML edievaI Manuscripts, and thc Camino pJ]gtitnag¢. Judby Ange12 Morris, Canon Roly Rietn and the Cathcdral Curator and Libr4rian, EllL¢ Swire, all talked about their career5 2nd rules. The Girl Churi5ters PLrturmLd a 5UmTner co>ncLrtin the Cithedrd quire. Il FriLnds' holidii. touk p11C¢ iti Junc ?OJ? which included a i'isit tu the Harri5un and Harrisvn ￿U[k￿h￿P in Durh2m rts scc IhL restur2uun OE the CathLdral urg￿n takink, place. Wc a150 had a d¢11. trip tu Sherbornt Abbey and Sherbome Casde. The regular monthly coffee momings h2vc continued an ever-growing group of Friends enjoying the opporniniry to mect suciJJly. In Juty, th¢ Friends, Festival was celebrared with well-attended mornix]g tours. 2tt alternoon AGM in the Cathc(ltyl café garden marquet. followed by tea and Festal Even50ng. Fundtalsing AEter th¢ 2023 pubIic 2ppe41 to raise funds E(Trr the rc5t(Trrauon uf the Cathcdrd urgao. Thith tTh-o cvening recepuun5 in June and July, work was carried out at Hartisun and Harri5()n in Durham 2nd finishcd in time Eor the Cathedrai's Chri5tnL25 $C￿￿ceS. The Friends, 2ppeal brvu¥hr in £130.tKIO, a wtsndcrtul re5puns¢ trum our memb¢rs and much Applauded by the cathedr￿ Ll)*pter. Dunffered fot local Friends, leath.nx to a 5tro)ng Irear uf sales. VolurAteets Voluntrers have continued to be instrument9J in helping in the Friends. office to prepare mailings. Fricnds enthu5ia5tically d¢￿'Vered the m2ilings three umcs thi5 !¢ar. thereby sAving a sxgmificant amount on pustage costs. Plans for 2024125 The Friend5 p12n to conunue iu organise 'hybrid' t8lLs in the future to attract a gteater number of membets attending in their preferred ways. Events havc 2]te#dy bcen 2rranged incluth.ng a t9JL. b), th¢ Cathedral Architec¢ i lectllre About monastic gardcn5 and a cheese-tasting session. In the autumn and ￿llnter. monthl> talk5 will continue. A tour-day hob'day to the Cathedrals of the W'est Country is planncd for Junr. Three daTr triP5 are also planned fur the lear. Flnanclal roview The Statement of Fin2nci41 Acuvities on page 6 shows net income (sutph]s) 06 £130,939 Eor the 20?3124 fin2acial year {2022123.. surplu5 of £198 <)551. Durring this past finL2ncial ltir ttustecs 2ppruvcd grants to Chapter tutab.ng £172.902, of Trhich £40.G34 has been spent on & replicgment Chern. PickLr. £.34,770 is to be spent on 2 Stoneillason's !'2rd equiptnent, £12,980 oa a tr2ctc)r and £3? 000 on the fvIuseum Accreditauon Project. annual gr￿t$ of J7,iOO are induded in the above total, the major item5 bctng £i2,500 fopr the choir5 and £143￿ for Gardens, Ground5 and Trees in the &th¢d￿ precincts. Full detai15 of gtrants approved in the y￿r are ￿Ven in note 7 tts the FiL12nciaJ Statemellts. on page I l. We continu¢ to benefit from a steady flow o)f incomc from legacies. thi.s year aTnounllng to £222,656 (2023: £273,896). We remain enormously ￿￿tefi￿ for tFu"s cnici21 source uf incon]e. Our two investment porttfjbos (Gener21 and Legaci") have pcrfomed much in with 2 51ightiy stronger market, and ended up showing gains, both rea]i5ed 2nd unreaiise(L of £48,7(M)12022/23.. losses oE£35.770). The Trnstees continue to review thcir 'atti￿de tu tisk., their latesr Po]icy Statement being dated September 2020. The performance oEour portfoLtvs is do3dy maLW by our invcstmcnt m2nagcts and moottored b the Finance Committee. A revitrw oFour investment managem¢nt service5 prowders was cartied out in Apnl 2024. The net profit In)m the saje of Christmas cards and pub￿cationS was £2,407 (2022/23: £3.02n, whilst our activities pruduced a net profit oE£17,792 (2022123: £-5,983). The chariti. has no subsidi2ry and associaced undcrtakings. All ini'es(ments hdd by the dTrariry have been acquired in accordance with the powers av•dable to the Trustec5. The chariry is not fJn8naaily dependent upon any one in&vidu4] or coTroNuoll but zeh.es on the contsnuing support OE gJ] its members. Unte5tricted Resetyes policy The Trustccs have agreed a policy to maintain rcscrYe5 ￿7th1"n the G¢neral Fund at such a level as would enible ir, in the event of 2 sudden loss of income, to cover ungoinx direct expenses of running the charity lor a period OF abuut nine months, and to cover annu21 grants to Chaptcr Evr 8 fi711 ytrAr. The Board 15 content that the currenc levd of reserves of D57,091 mcct5 this poh"cy. ol y11mch￿s1￿t C•th*dial 4Èrtd Iw ihe Jl Mar¢b 2Q24 Rigk mattagement Tile TNstees Sixve strenmlined and impTr)ved th¥ chiiity's ItiskManAgement RegtsteL ivI)icli idenufies f Kisk to wlucli tlie cliarjry is exP0￿d uiiikiixlting its ALiiViLi¢S and seeks ts) rnanage those t ultiinAlc respoAsibi]tty fot risk Man￿￿[￿ent rests ivitl) tlie B021d, foL PE%Ctical putposes tjie task of developing dctaiied rL5k asscssmcnt plans has bcen ddwted to the ildtnini5trAtioTh Committcc. Ivitli input from rl)e Finl1 nct Committee. IhcsL Commitltcs tc￿￿￿LI}r ASSCSS aetUAI 11nd poicntial risks xrising 90d cndeAvour to miti￿tL. them thinugh die LntLfJductinn of appropriat and tffective systems #nd ptatuces. Tbe AdministrAtiotx Committee ts re5poiisible FOL Ihe AssessTnent OF T￿1($ #550Ciated ivith govemRtttL mflrtiigemth¢ rJperAtionil pr¢ice%se% eAviLY)nmental/extemal Fxtt()ts Hftd complixnce. The FStiAnce & Committee L8 responsible Fot 3SStssment oFri5k4 a>4ociatd ivith finance iAVeStmLnt. T1￿ Boa¢d teceives fidi quatretly management %ccoun￿ wl)icli indude 2 detailed analysis of investment porrEolio And iegujar reports from the ￿tiVeStM¢￿t ￿l￿ager. Tl* chaLity lias a150 coniinued to work to improve its govemaxkce by the adoption of a Connici-of-inte￿tit pu]iw, 8 Safe￿ardIng po]icy, etnpk>ytn¢ThtpokncÉes and data PLDtectto￿ All Boatd ￿e￿ber$have uadertsken tralningort safegu%rdtsig issues, using NSPCC matLtiaL sad a BoAtd melljber has orl te5ponsibiiity for the maoagement OE this pow. Trustees. responsibilities for the linanclal slatements The Trnstees are tesponsible for prepatttjg the TEu5tccs' allAu#l ￿POrt and the financial $tAtemcnts in occordonce vidi apptscable Lgw 47nd United Kingdom Accounting StAndards tunited Kingdorn Gcfteraity AcCep￿d A¢couttting Pt#cii¢e). The law apphcgble to diaLitie$ Eugland and Waks iequires the tLlJ5tees to prepare fthancial 5tatemeftts fol exch fmincialyeAt wl)ieli give a ttut and FAtL vieiy oEthe state oE8Ehir5 Of the chatity and of the itLcome and cxpeAth"Mte OE the charity lor that pcriod. In prcp2ring F￿a￿ti21 $r*temettts. the TnJstet$ are 5clect suitabk accounttng po]icies and thett apply them totVJiSteudr¥ observe th¢ Methods" and principles in the ChArities SOE¢JI. m8ke iudgrnenta and accounllng estimates thAtftre reasonable And Pn￿ent. statE whethet applicable United Kingdom Accouaung Standards have been followe￿ subject to ny matstial depxrttres distlosed #nd txpJxiThed in the gccounts. at prep9xe Ehe tLt]ancAHI statements on tlic concctD basx5 unks5 it ts Auappropftiate ptcsumt that thc chatiry will continuc in operation. TiieTrustee5 aye responsible for keq>ing*dequate accoutttstxg tecot& th#tdisdose widiteagottable accutacy at any rime thc 6Llat)eial p)sition of the clutity xlld en#bLe them to ensute diat the ftttattcsd ststerlle￿ts comply with tlie Ch8riti¢5 Act 2011, the 8pp]icable Cknrity {Accounr5 and Re￿rts) Regubtioas and the PXOVi8ions of the trust decd. Thty 8tc also tespoa5Jbk fot $4fegu2ty1ing th¢ asscts of the d]2rAty •d hence for tAking reA￿ThabIt steps for the pteventicTrtt attd detection of frxiid and otherittegutarities. BY ORDER OFTAE TRUSTEES Bruce Parl(er Chaimun Z8 Friènds ol WinGhesler Cathodral Fin4ncial 5tat•ments for the yèar ended 31 Ma*ch 2024 Independent Examiner's Report to the Trustees of Friends of Winchester Cathedral I rlyurr t(1 thL chirity'5 T￿￿￿'c5 tsn mi cximinabon fjf the financial sttttLYI)LYIt5 of FtiLmds of WinchL5tL'r Cirhedi2] fi)r rhc YC￿ tndtd 31 March 2024. u'hich are set Trut on pgges 6 tD Ii. Resp•ctive rE5p•nsibilities of trust•es and examlngr A% the Tru5tee* c)Erhe ch#Lltv, Jrnu resp()n4ible fi)T thc pt¢paiAtii)n (If the financial %tat¢meDL8 uf the clurity in actrJ¢danc¢ thc rcquircments OE the ChaThlle% knt 2UI I IY)e 111 l Acr?. I rcwrr itt rc5PLrr of my cxtminatson of the chariry's finana31 statcmcnts c#rricd out undcr scoivn 145 of tlie 2Qll Acr and in rarrying nut rn) cY3minau(In, I have fnlli)Trved a]1 rh¢ app]icible Ditectir)ns ￿V¢￿ by the Chariry Cnmnii%sitsn under section l45lS(bl Df the 201 I ACL Independent examlne¢s st•t•ment The thaTiry'i grL)$s incoyne exceeded £￿0.[￿70 and l am qu2lificd to und¢rt2kc the ex3min*uon bi. being qualified ll*mberof Ilyc lostitutt of Cbartered AccounwLt5 in Eng]and And Wales. I hiye cr)mpleted my cxarninauott. T ti)ntirm that no Materi￿ tnatters have coffte tv 2ttenuvtt in conneaion with the exatniDAuoA ￿'hICh give tnc rausc 10 believe thor in anyniaieti9J r¢sp2Ct-. atcounting records w¢re kepr irt rv%prtt oEFriends Cpf ￿'1￿chest￿r C*th¢dr3] in accordance with sectiDn of the 2011 Acr., or thc financial sÉxtcmettts du not accotd vlith thos¢ ￿¢(1￿￿Ltillg rccvids. or the fingncial siatement5 d() n()t cr>mply with the tpplicable rEquirements concerning the f()ttn al content of fin2ncial Srgtements sct out in the Chatitits IAccoLthts and R¢p()rts) Rw13tiolls ?(N18 other than An} rcquirctnent that th¢ financial SLatctnents Aivc &'ttUC 9nd fairf Ficry whith is ttot a mattLY a)fi￿derl￿4 as of It￿¥L￿dent Lxaminati(m. I have n() c¢)ncrms haYL' comc acro%$ no othcr m3tttt5 ift ct)nncctsOn with the fAaminauon to which. In m} OPinlDn. attention should be dr•wn in order to cnablt a propet un(krsranding of the financiaj SLatctllCAts EO bc t¢ached. Julill tinc*u FCA ICAEW rnembBtsNp no. 7￿260 Wipchc*teT Bourne Limited Su]hvAn Cou Wcs$cx Park Colden Common Wiftcliestcr S()21 IWP Date.. FTlends of Winchester Cathedral Financial 5tatemÈnts for the yEar ended 31 March 2024 Statement of financial activities Unrestricted Restricted fund5 fund$ 2024 2023 Note Income Vuluotary incume Activitie5 for generating funds Inirestment income 326,500 47,447 13,346 6,801 333JOI 47,447 13,346 5CI9.237 18,372 8,906 Total income 387.293 6,801 394,094 536,515 Expenditure Costs otr generatin% 36,723 36.711 17,733 Charitable activities 220,732 5,7fy) 226,432 319,1127 Total expetsditu 257,455 5,700 263,155 337,560 Net income (expenditure) for the year i.ioi 130.939 198,95i (IA)sses) / gain8 on investment assets 10 48,700 48,700 (35,770) Net movement in funds 178,538 778,$53 LIOI 179.639 163.18) Fund ba12nces brougkht fO￿ard 778,553 615.368 Fund ba]ances carricd fonvard 957.091 1.1 958,192 778.553 The acctsmpanyiJ)g accounting policles and notes form part of these financial statements. Fiiends of TA1￿Chester Cathedral FinanGial statements lor the yeaF en￿8￿ 31 r¢li 202d Balance sheet Note 202A Fryed Assets Twgible assets tllvt8tnients io 667,127 667,127 503.825 5a3.8?5 Cuttent J88et8 Stocks Debtots Cgsh on deposit 977 144J24 2(￿￿69 872 210.906 140356 403,670 351134 Gtaots outstsndxng Other tteditots 84J75 24.583 111605 29U65 274.728 Totsl *88ets le88 ciirtciitli*blliti¢4 958,192 T18553 13 53 Deswted Futtd $68,486 3W605 13 Total fun& 958J92 718553 Cbarity Nuttyber- 2%)218 The finAnciAI 5tstcts￿ts •pproved by the BO￿ ofTrn8tees on ffc The HcGomp*nyity *cc¢xntiDg Polici￿ •ffjd not•* lomi part ol Ih•s• flnancl•l stJtements. Friend5 of Winchester CathÈdTal Financial statem•nt5 for th¢ year ended 31 March 2024 Prlncipal a¢countin9 pollclès Basls of preparation The accounts (fin3nci21 statement5) have be¢n prcparcd und¢r the histDric21 cust cunTrenuun uryth items rccvgwsed at C05t ur trarLs2ction unle55 other1￿75¢ Stated in the relevant notes to these accounts. The financi215tatements haite been pr¢p2red ift accurdance with the Statemcnt of Recommended Pr2ctice.' Accounting and Reporting bF Charities preparin¥ thrir accuunts in accurdance with the Financial R￿OrtIng St2nd2rd apP￿cable itL the Ulk and Republic UE Irdand (FRS 1021 issued on 16 Juls. 2014 and the Finan041 Reporting St2ndud appIicable in the United Kingdom and Repubhc of Ireland (FRS 104 and the Ch2ntie5 Act2011. The tru51 constitutes a public benefit entiry as defined by FRS 102. Golng concern The financial statements have been prepth on the b*sis that the charity is i going concern. When derem)ining the going concern assessmenr the T￿￿tte9 h&ve cunsidcr the charity'5 actiVitiC5, together v*ith factors Iikel}? to *Ffect its Cuture devdopmenr, perforniance and position- th¢5e are 5eE out in the Trustees. Repon. The Trustees consider that there are no m2ter]21 uncertainties (m the charity's ibility to continue its activities for the foreseeable ￿￿re. The Trustees arc satisfied that thc charity's assets ￿ av2il#ble and adequatc to tuifil it5 oblig2ti0ns Eor a peti(xl of at Ivast twdve tDonths £rvm the signing of these fU￿￿¥j st*tem¢nts. Income Subscriptiony Following 8 decision b} the Board ut Trustees on 14th tkcember 2022. ]i£e subsctiptitsns are no longer amonised over a period oEfivc Trcar5. but 2ccuunted forin thr Ye￿1￿ ￿thIch thei. arereceived. The previousl} accrued £4,270 was therelore taken into accouni in the 2022/23 jear. No adjustt]ient has been made to the priLbr Y￿ figure5 to r¢dect this change in policy given thc immaterial impacL Other subscriptioTLS lindudinbF thosc under Gift Aid togethcE ￿7th the associated income tax tecuverAe5) 2r¢ accounted fur xa the year iti whidL they Are received Legacies Legacie5 are accounted For uni}p upon ￿denc¢ of entidemenL probable teceipt and where the amount receivable cgn be estiTnated rdiablv 2ftrr t*king account of unknown costs and other uncertainties inherent in windin¥ up eststes. Investment income Investment incolne, indudin¥ associated tax recovuies. is accounred for when teceivablc. Allocation of expendlture Costs of generating EL]nd5 consists uf invcsrnent management fees 2nd costs associated with the events and activities ot the Ch￿]ry C￿ detailed in nute 3). Costs OF ch2ritsble activities indudc grants made and cost5 255ociared tht m2n2gemcnt of the charity. nut induded as dirett custs. Govemance costs comprise all costs involving the pllbIic accountabA]ity OE the Ch￿1t3. and its comph.ance TAAth regulatiuns aod good pracrice. These costs indude the fee5 uf the inacptndent ￿arnin¢r. Friend5 of VlinchÈ5ter Cathedral Financlal statemEnt5 for the year ended 31 March 2024 Grants to the Chaptèr ol Winchast•r Grants to the Chapter of Winche5tcr are Char￿ to the accuunts for the period in which the). are approved by the Board ot TrL]5tee5. Flxed a55etS Irem5 CO5ttng less than £5,000 2r¢ written off immcdiatdi to the statement of financial activities of the peri(Trd In which they are purchased. Deprcciauon is calculated so 2$ to write off the cust ot a C4Pitg1ised asse4 less its e5timit¢d residual vatue. over the u5efiJ ecunc>mic li(e uf that asset as fullows". Membership d2tsbase CLTrmputer equipm¢nt 5 yc2r5 InvÈstment5 Investments arc included at their market Fa]ue at the balance shect date. Unrealtsed and rea]tsed gains lor 105ses) are credited (or debittd) to the statement of Snancial activities in the ye2r in which gSi5e. Stocks Stock5 are v2tued at COSL less a provtsion for items considered slow moving. Judgèments In applylng aecountin9 pollcl•s and key Sources ol •stamatlon uneortalnty In the preparation of the 2024 fiftancid st2t¢ments. it is the responsibitiry o£th¢ T￿￿tee9 to make informed udgements and estim#te5 in thc provision of habilitie5 2nd expcnses arld in thc assessment of goingconcern. Friends Of Winchester Cathedral ackno4,ledges the requirement5 of this disclosure. AS such the Tn]stees OF the charitv can confirm that there ate no 5iwf1c￿C assumption5 made or other key suurccs of CSllTnation of uncerrainry at the reporting datc uf 31 Nlarch 2024. The tNstCCS Cottsider the Ch￿it}. tu be a guin¥ concem (see above). Friend5 Of WinchÈ5ter Cathedral Financial statement5 for th• year endèd 31 Mawch 2024 10 Voluntary income 20 2023 20?3 Unre8tricted Re5tti¢ted Unrestricted R¢sEricted Subscriptions lite members - Under Gitt Aid - Other - Refund of tax 2.4 65,084 18,813 17.035 8,6)5 i7,2)5 16.789 14,727 101422 24656 422 97,426 273.896 1.360 Ltgacies Donations 6,801 136.555 326,51)0 6,801 372.68? 136.555 Activitlès for g•n•rating funds ChtAStmas Cards Activities Christt)ias Cards 2023 Total 2024 Activities Tuttl 2023 2024 2024 2023 Income E￿Penditute Net sU￿lUS 42,451 (24,659) 17.792 47,447 (27,248) 20,199 13,33) (7.373) i.982 18.372 (9,3631 (2,589) 2,407 (1.990) 9.0( Activities indude events, trip5 and lecture5, and the Friends, annu2] festival, all of wh1.ch axe dcsigncd Principally to meet the charin's L)bjective to stimulate irtterc5t in the Cathedr212nd not Pt￿n￿lI> to raise bjnds. Cost of genorallng funds 2024 2023 2023 Unre9ttiCted Restiicted Unrestricted Resttictrd Expendirure (note 3 above) Record & Newsletters mana.gement f¢es FuodJ9J"sJng cusrs 27,248 5.409 4.066 9,363 3,580 4,790 36,723 12,943 4.790 Charitabl• A¢tiviti•s 2024 2024 2023 2023 Unre8tt1aed Re8ttxcted Unrestricted Rcstrictcd Grants tu the Chapter of wfinchester (note 7) Management and admi￿Strativll (note 8> 167202 s3￿0 S,7 129.367 57,428 133.032 220,732 5,700 1 $6,795 133,032 Fviends of Winchester Cathedral Flrtancial statÈmeTrt5 tor the year ended 31 March 2024 Investment Income 2024 2023 latcre5t un deposits Income from inve5rmerftts 4,429 8.917 1,181 7,725 13J46 8.906 Grants to the Chapter of Winchester Grants to the Chapter of Winthe5tet 2024 2023 UvxestTiCted.. Trees in Pub]ic Areas Girls, Chvir 5.750 I7￿Th) I7￿ 175 10,71K) 7,7 17,000 17.(K)O 17,tK)o 7,500 7,5(K) (1.463) 500 1.681 Baker chotist￿ShiP Friends, Choiister5hip Cathedral Flowers Planned MaintenatLCC uf Cathedral Ptecincts East Window Project West Eod Christma5 tree 1,000 Chairs An the Nave Cherry Picker induding de]iv¢ry Handles lor Chair TriJlleys Invefttori Project Stone bridge-saw for Stunem2sons' Dcpartsnent Retruthoir Tiles Cunseryation SiTrposium Stonema50n's l'ard Equipment Tractor Accreth"t2ti(Trn Project 850 4014 419 (32.978) (137) 34.770 12.980 20.750 32.978 3.500 167202 132,946 Unspent grant 2lliKations ￿Itten b￿k (3,579) 167.202 129J67 K'indows project Organs restoration 1267 131.765 5.700 5,700 133.032 172,902 262.399 Friends of Winchester Cathedral Financbal 5tatÈm¢nts for the year ended 31 March 2024 12 Grant5 Written back in the pnor }-.ear are primarilly a5 a result of the c051 06 the anucipAted woirk being lower than the L)Yiginai estimate on W￿"Ch the xr2nt apph"C2tson wa5 based, or in respett oFwFu"th the work associated Thith th¢ project was no lonKu requir¢d tu be undertaken. Managèment and administration expendlture 2024 2023 StafE costs.. X'a¥es 2nd salaries Pcnsion c05rs 42.SIM 972 41,111 941 43,476 42,052 Cathedral Record and Friends. Newsletters Printing. cup}yng 2nd st#tiuneri' Postage Of6ce r¢nL insurance aod rnaintenance Staff trainin¥ Independent examination Bank chargcs Depreoauon Digiti5allon uf Cathedral Record Office Equipment Sut)dry expenses lQuickB(K)ks) 2.406 2,104 1596 2,iOI 125 1,350 2.135 508 421 25 186 1762 951 1.651 53530 >7,428 a. The 2verage number of employees duting the year was 3 {2022123- 3), all oFwhoTn worked parr-ume. No employee's emoluments exceeded £60.OLKI. b. No expenses were rcimbursed tD Trn5tees in th¢ year P022/23 - £nil). Governance costs Thc 2mount payabl¢ for the independcnt cxaminauon lindusive of VAT not rccoverdble by thc ch￿lty) torals £150012023 - £1350), and no amounts were pgid to the cxgminer in resp¢tt of other servic￿. Friends of Winchester Cathtdral Financial statement5 for the year ￿ded 31 Mavch 2024 13 10 Invostments Lasted investments gt market value Gthetal Portfolio Leg•cy Portfolio Total At l AptTI 2023 Ad&"aons Costs Chaty in market value 184,841 346.072 98,4￿) {2,714J 34,820 $30,913 98,400 (4,069) 48,700 (1,355) 13,880 At 31 M￿ch 2024 197,366 476578 673.944 Uwnvested Cash uf £6,81712022/23 - £27.08)) w25 hdd with Rathbones and is induded An the above balances. The Inv¢stments at the year cnd &Nclu&ng cash therefore amounts to £667.127. Debtors 2024 2023 Ttade debtvr5 Sundry debtots induding leK4cies receivable Prepayments 140,972 1.152 209.965 941 141124 210.906 12 Credlto 2fj24 2023 Sundry creditors Defcrred income L682 26.548 lJ50 23233 28.230 Frl•nds of Mn¢h85t¢r Cathedral Financial statemen1¥ for th• year ended 31 Mwch 2024 14 13 Fwnds At l April Net sutpius At 31 Match 2023 2024 Unttstricted D¢syted Fund GeneTa] Fund 778,i53 178.538 568.486 388.605 Re$tucted fi￿d5 i.ioi LIOI Total fimds 778,553 179.639 958.192 Duting the year the tLUStecs de5i8nated £568.486 ofthe Unrestricted Fun4 being the Legw Fund investtn¢nts and c&sh and the Specid Grants Fun& This Ic2ves £388.605 in the Genera] FLUL(L Fripnds ol Winchester Cathedral Financial statements for the year ended 31 March 2024 15 Five year summary 2024 2023 2022 2021 2020 Income Subscription5.' Lite M£mbershtp Gift-Aided {induding tax) Non Gift-Aided 2,490 82,119 18,813 103,422 222,6)6 72?3 8,6)5 71,982 16,789 97,426 273,896 137.915 8,906 18,372 i36.il 5 17i.161) 2.993 70,37? 26.804 100,169 iO,019 75,878 61,10 27.591 )6,633 176,499 1.50? Legiacie5 Donations Investment incomc Other income 408J38 5,833 6.343 4.B47 13,438 179.503 47,447 394,094 (902J31 14.47) 294.449 lii,441) 5?6,452 160,2091 Expenditure Surplus of income over expenditure Grant5 to the Chapter UF 'irtchester 303.841 461 Ji4 239,008 128.390 466,?43 {172,90Z) 130.939 (262,399) (147,348) (181,i811 (i64,564 Surplus/{deficit) for the year Investment ¥ain5/lvsses Reserves brought fonvard ReserYe8 cattied fotwatd 198,9)) 91,660 {i3.1911 (98,3211 48,7Q) 778.i>J 958,192 (3i.7701 615,368 71 8,)33 11,674 i12,034 615,368 63.823 iOI,402 [￿).53)) 640.Oi8 iOI,40? i12,034 Represented by. Fixed assets - tAoxible Investments at market V21ue Dept>￿ts and c25h Stock aod debtors i08 1.18> 378,829 362J46 23,010 765.370 2,084 256,73i 432.45) 2.399 667,127 260.569 143,101 1,070,797 503.825 140.3)6 211,778 855,959 416,908 76,733 877.63? 69J.673 Less: Grants UUtstan&"ng Other liabilities (84,3751 P8,2M) 958,192 152,82)) 124,its)I 778,553 (253,057) 19,207) 615,368 {240,400) (1? 9361 512,034 (177,571 (14,7001 501,402