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2023-03-31-accounts

Charity No. 243439

THE FRIENDS OF SALISBURY CATHEDRAL

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

Charity No. 243439

CONTENTS

Page

      1. Report of the Executive Council

  2. Statement of Responsibilities of the Members of the Council

      1. Report of the Auditors

  4. Statement of Financial Activities

  5. Balance Sheet

      1. Notes to the Accounts

FLETCHER & PARTNERS

CHARTERED ACCOUNTANTS

SALISBURY

Page 1

THE FRIENDS OF SALISBURY CATHEDRAL REPORT OF THE EXECUTIVE COUNCIL AS AT 31 MARCH 2023

Patrons: The Rt Rev'd the Bishop of Salisbury HM Lord Lieutenant of Dorset HM Lord Lieutenant of Wiltshire President: The Very Rev'd the Dean of Salisbury Vice-Presidents: The Very Rev'd Hugh Dickinson The Very Rev'd Derek Watson The Rt Rev'd June Osborne The Mayor of Salisbury The Leader of Salisbury City Council Lt Col H Keatinge OBE

Members of the Executive Council:

Elected Members:

Mr D Brown OBE Ms J Higgs Mr J Kelly Mr L March (appointed September 2022) Dr V Shrubb (retired September 2022) Mrs L Wallace Mrs L Wallis (appointed September 2022) Mr P Williams (retired September 2022) Chapter's Representative: The Revd Canon K Padley (appointed June 2022) Mrs L Herklots (retired June 2022) Archdeaconry Representatives: Wilts: Mrs K Shearing Sarum: Capt D Glass OBE MNM Dorset: Mr M Joseph Sherborne: Mr C Hamon Honorary Chairman: Capt D Glass OBE MNM Honorary Treasurer: Mr C B Dragonetti Membership Secretary: Mr D Heather Principal Officer: Ms J Lever Address: 33a Ladywell, The Close, Salisbury SP1 2EJ Bankers: Lloyds Bank plc, 38 Blue Boar Row, Salisbury CAF Bank Ltd, 25 Kings Hill Avenue, West Malling Solicitors: Parker Bullen, 45 Castle Street, Salisbury Auditors: Fletcher & Partners, Crown Chambers, Bridge Street, Salisbury Investment Managers: CCLA Investment Management, Senator House, 85 Queen Victoria Street, London M&G Charities, PO Box 9038, Chelmsford

Registered Number:

Charity no. 243439

Page 2

THE FRIENDS OF SALISBURY CATHEDRAL REPORT OF THE EXECUTIVE COUNCIL AS AT 31 MARCH 2023

The Members of the Executive Council present their annual report with the accounts of the Association for the year ended 31 March 2023, which have been prepared to comply with the provisions of the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS102).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution and Charitable Status

The Association of the Friends of Salisbury Cathedral is an unincorporated association, governed by a constitution dated 17 September 2016. It is a registered charity, and is bound by the provisions of the Charities Act 2011 and the Trustee Act 2000.

Organisation

The management of the Association is deputed to the Executive Council, the members of which are the trustees of the charity. This consists of six members elected from the Friends, a representative of the Cathedral Chapter four archdeacony representatives in the Diocese, the honorary treasurer and up to three co-opted members. The members of the Executive Council during the year ended 31 March 2023 are shown on page 1.

Induction and Training of members of the Executive Council

As part of their induction programme new members of the Executive Council are provided with an introduction to the objectives, scope and policies of the Association, Charity Commission information on trustee responsibilities and copies of the previous three years of Executive Council annual reports and accounts together with details of the governing documents.

Connected Charity

The Association is connected with Salisbury Cathedral whose work it exists to support. It is, however, independent of Chapter (the administrative body of the Cathedral).

Risk Management

The Executive Council confirm that the major risks to which the Association is exposed, as identified by the Council, have been reviewed and that systems have been established to mitigate those risks.

OBJECTIVES AND ACTIVITIES

Objects

The objects of the Association are to help and support the Chapter of Salisbury Cathedral in maintaining, preserving, improving and enhancing the fabric, fittings, ornaments, music and monuments in Salisbury Cathedral; and to support the life, worship and ministry of the Cathedral.

There has been no change in the objects over the last year.

Objectives and Grant Making Policies

The main objective of the Association continued to be the making of grants to Salisbury Cathedral to fund particular projects and purchases. It also makes grants to related organisations which support the work of the Cathedral in specific ways. Grant applications are assessed by the Executive Council with reference to the Friends' objects and the available funds.

The income of the Friends is principally derived from subscriptions, donations and legacies from its members and fund raising events.

ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW

Review of Activities and Achievements

The year to 31 March 2023 was a return to normal after the two years affected by the Covid 19 pandemic. A significant reduction in legacy income during the year as well as an increase in grants paid to the Cathedral and a reduction in the value of investments meant that there was a reduction in the value of the Friends net assets by over £117,000. At the year end the active number of members was 2,328 (2022 - 2,453).

The Friends' total income in 2022/23 was £151,078, compared with £235,827 the previous year. Income excluding legacies was £121,816, compared with £112,674 in 2021/22.

Page 3

THE FRIENDS OF SALISBURY CATHEDRAL REPORT OF THE EXECUTIVE COUNCIL (CONTINUED) AS AT 31 MARCH 2023

ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW (CONTINUED)

Review of Activities and Achievements (Continued)

During the year the Friends made grants to the Cathedral totalling £166,500, the major grant £127,000 towards new external LED floodlighting of the cathedral, including the spire. A grant of £30,000 was also approved towards a new chamber organ which it is hoped will brought into use in 2023/24. Smaller grants were £6,500 towards two new TV screens and £3,000 towards flowers. Grants made in 2021/22 totalled £128,523.

Public Benefit

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

Investment Policy and Performance

The Friends' Investment Policy, which is reviewed annually, is to maintain and enhance the value of their investments and the income from them in real terms by investing in charitable managed funds, the underlying investments of which comprise a broad spread of equities, bonds and property. Investments are held in CCLA's COIF Global Equity Fund (62%) and M&G Securities' Charifund (38%). There were no disposals during the year and the year end revaluation resulted in net unrealised losses of £40,202, substantially reversing the gains of the previous year. During the year investments returned -5% (benchmark +5.9%).

Reserves

At 31 March 2023 the net assets of the Friends amounted to £912,073 (2022: £1,024,747), which includes £773,648 invested for a better return. The Friends' policy is to hold reserves (a) as working capital to support ongoing operations and activities (b) at least 12 months expenditure to provide continuity in achieving its charitable activities and (c) future replacement of goods and equipment as necessary.

Plans for Future Periods

The Association plans to continue the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. It plans to make further grants with reference to its objects and available funds.

The Association also aims to increase its membership over the forthcoming years.

Auditors

Fletcher & Partners were re-appointed as the Association's auditors during the year and have expressed their willingness to continue in that capacity.

Page 4

THE FRIENDS OF SALISBURY CATHEDRAL REPORT OF THE EXECUTIVE COUNCIL (CONTINUED) AS AT 31 MARCH 2023

RESPONSIBILITIES OF THE MEMBERS OF THE EXECUTIVE COUNCIL FOR THE PREPARATION OF THE FINANCIAL STATEMENTS

The members of the Executive Council are responsible for preparing their Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice

Charity law requires the members of the Executive Council to prepare financial statements, for each financial year, which give a true and fair view of the Association's financial activities during the year and the financial position of the Association at the end of the year. In preparing these statements, the members of the Council are required to:

The members of the Council are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the Association and which enable them to ensure that the financial statements comply with the provisions of the Charities Act 2011. They are also responsible for safeguarding the assets of the Association and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The members confirm that so far as they are aware there is no information relevant to the audit of which the auditors are unaware and the members have taken the necessary steps to ensure they themselves are aware of all relevant audit information and have made sure the auditors are aware of it.

Signed on behalf of the Executive Council:

Ms J Lever (Secretary)

Capt D Glass OBE MNM (Chairman)

Approved by the Executive Council:

……………………………….. 2023

Page 5

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF

THE FRIENDS OF SALISBURY CATHEDRAL

AS AT 31 MARCH 2023

We have audited the financial statements of the Friends of Salisbury Cathedral (the Charity) for the year ended 31 March 2023, which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Opinion

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard], and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement [set out on page 4], the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Page 6

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF THE FRIENDS OF SALISBURY CATHEDRAL (Continued) AS AT 31 MARCH 2023

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. We consider the overall risk of fraud to be small as most income is either received directly into the bank, or by cheque, and is reconciled to bank statements. There is also appropriate segragation of duties between the Principal Officer, Treasurer and bookkeeper so that any irregularities would have a high likelihood of being detected.

Investment valuations derived from the Investment Manager’s valuation reports were agreed to alternative price information as at 31 March 2023. The units held, and the units completeness of investment income was verified by reference to declared dividends and subsequent banked receipt.

Subscription income is verified through proof in total from the membership database and through tests of detail. In both these areas, no exceptions were noted and we concluded these tests were capable of detecting irregularities, including fraud.

However, our procedures are less considered less likely to detect irregularities in the completeness of voluntary income (donations and legacies), as this is an area of higher inherent uncertainty. The charity has good procedures for recording all income received in the office, rather than directly into the bank, and our tests did not identify any exceptions in the recording or banking of such income.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the Charityʼs trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charityʼs trustees those matters we are required to state to them in an auditorʼs report and for no other purpose.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charityʼs trustees as a body, for our audit work, for this report, or for the opinions we have formed.

FLETCHER & PARTNERS Chartered Accountants and Statutory Auditors

Salisbury

Fletcher & Partners is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

Page 7

THE FRIENDS OF SALISBURY CATHEDRAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31 MARCH 2023

Unrestricted
Funds
INCOMING AND ENDOWMENTS FROM:
Donations and legacies
Note 1
100,152
Trading activities
Note 2
18,552
Investments
Note 3
32,374
Total
151,078
EXPENDITURE ON:
Raising funds
Note 4
Costs of generating voluntary income
18,659
Support costs including governance
38,391
Cost of generating investment income
-
57,050
Charitable Activities
Grants payable to Salisbury Cathedral
Note 5
166,500
Total
223,550
(72,472)
Net gains / (losses) on investment assets
Realised gains / (losses)
-
Unrealised gains / (losses)
Note 8
(40,202)
Net income / (expenditure)
(112,674)
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
1,024,747
TOTAL FUNDS CARRIED FORWARD
£912,073
Net Deficit before gains or losses on investment
assets		 Restricted
Funds
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£		 Total
2023
100,152
18,552
32,374
151,078
18,659
38,391
-
57,050
166,500
223,550
(72,472)
-
(40,202)
(112,674)
1,024,747
£912,073		 Total
2022
192,186
15,707
27,934
235,827
13,464
37,079
-
50,543
128,523
179,066
56,761
-
60,629
117,390
907,357
£1,024,747

The Association did not acquire or discontinue any activities in either of the above two years.

Page 8

THE FRIENDS OF SALISBURY CATHEDRAL BALANCE SHEET

AS AT 31 MARCH 2023

2023 2023 2022
FIXED ASSETS
Tangible Assets Note 7 - -
Investments Note 8 773,648 813,850
773,648 813,850
CURRENT ASSETS
Stock Note 9 1,318 2,020
Debtors Note 10 48,851 40,582
Cash at bank and in hand Note 11 130,479 184,254
180,648 226,856
CREDITORS: Amounts falling due
within one year Note 12 36,182 7,761
NET CURRENT ASSETS 144,466 219,095
TOTAL ASSETS LESS CURRENT LIABILITIES 918,114 1,032,945
CREDITORS: Amounts falling due
after more than one year Note 13 6,041 8,198
£912,073 £1,024,747
Representing:
FUNDS Note 14
Restricted Funds - -
Unrestricted Funds 912,073 1,024,747
£912,073 £1,024,747
Signed on behalf of the Executive Council: …………………………………….
Capt D Glass OBE MNM (Chairman)
Approved by the Executive Council: ……………………………….. 2023

Page 9

THE FRIENDS OF SALISBURY CATHEDRAL NOTES TO THE ACCOUNTS AS AT 31 MARCH 2023

ACCOUNTING POLICIES

The Accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Trustees do not consider there to have been any significant judgments made in applying the accounting policies below, nor that there were any significant estimation uncertainties involved in the preparation of the accounts that require disclosure

The Executive Council consider that the charity has sufficient resources to enable it to operate for the foreseeable future and have prepared the accounts on the basis that the charity is a going concern.

Tangible fixed assets costing in excess of £500 are capitalised. Depreciation is charged at 25% per annum on cost in order to write off the cost of fixed assets over their estimated useful economic lives.

These are shown at market value. Realised and unrealised gains and losses on investments are attributed to the fund in which the investments are held.

Stock of goods for resale is valued at the lower of cost and net realisable value.

These are included in the year in which they are receivable.

These are taken to income over 12.5 years. The Trustees withdrew the offer of life membership subscriptions during the year 2018/19.

Donations and legacies are included as income once it is reasonably certain that they will be received, and the income can be measured reliably.

This is included as income in the same year as the related net income.

These are accounted for when a constructive obligation to pay them comes into existence. Grants which have been committed but where no constructive obligation exists are shown as a designated fund.

Donations and legacies for specific restricted purposes within the Association's objects are shown as restricted funds. Any income and investment gains or losses arising on a restricted fund are attributed to that fund.

l. Financial Instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. They are initially recognised at transaction value and subsequently measured at their settlement value.

1. DONATIONS AND LEGACIES

Subscriptions
Donations: Cathedral Chairs appeal
Other donations
Legacies:
Unrestricted
For the Cathedral's choristers's and fabric (restricted)		 2023
55,120
1,625
14,145
29,262
-
£100,152		 2022
61,419
2,375
5,329
119,040
4,023		 2022
£192,186

Page 10

THE FRIENDS OF SALISBURY CATHEDRAL NOTES TO THE ACCOUNTS (CONTINUED) AS AT 31 MARCH 2023

2.
INCOME FROM TRADING ACTIVITIES
Income from running events
Income from sale of goods
3.
INVESTMENT INCOME
Income from UK listed investments
Other interest receivable
4.
COST OF GENERATING FUNDS
Cost of generating voluntary income:
Cost of running events
Cost of goods for sale
Spire Magazine and Members' newsletters
Support costs:
Staff costs (80%)
Postage, printing and stationery
Other office costs
Governance
Support staff costs (20%)
Audit fees
Cost of generating investment income:
Investment management costs		 2023
16,800
1,752
£18,552
2023
29,757
2,617
£32,374
2023
3,820
2,303
12,536
18,659
23,417
1,126
7,994
32,537
5,854
-
5,854
-
£57,050		 2022
12,034
3,673		 2022
£15,707
2022
27,784
150		 2022
£27,934
2022
2,050
1,890
9,524		 2022
13,464
22,498
862
8,094
31,454
5,625
-
5,625
-
£50,543

5. GRANTS PAYABLE TO SALISBURY CATHEDRAL

Cathedral flowers
External LED floodlighting
TV screens & cases
Chamber organ
Little Paradise redevelopment
Video Equipment
Choristers & Choirs
Cloisters entrance new ramp
Other sundry grants		 Grants
payable as
at 1 April
2022
-
-
-
-
-
-
-
-
-
-
£		 Approved/
(Released)
during the
year
3,000
127,000
6,500
30,000
-
-
-
-
-
£166,500		 Paid during
theyear
3,000
127,000
6,500
-
-
-
-
-
-
£136,500		 Grants
Payable at
31 March
2023
-
-
-
30,000
-
-
-
-
-
30,000
£		 Paid in
2022
3,000
-
-
-
72,000
3,100
4,023
42,000
4,400
128,523

The Friends also provide furnished office accommodation for the Vicar of the Close gratis.

Page 11

THE FRIENDS OF SALISBURY CATHEDRAL NOTES TO THE ACCOUNTS (CONTINUED) AS AT 31 MARCH 2023

6. ANALYSIS OF GOVERNANCE AND SUPPORT COSTS

The charity is administered by a small team of employees reporting to the Executive Council. As shown at Note 15 members of the Executive Council are unpaid volunteers. The Executive Council consider that the support costs of operating the charity relate to either the costs associated with raising funds or governance costs of the charity, and so these costs are apportioned on the basis of time spent on these activities. Grants awarded are decided by the Executive Council and it is not considered appropriate to apportion any support costs to these charitable activities. The average number of employees in 2023 and 2022 was 3. No employee received benefits of more than £60,000 in either year.

7. TANGIBLE FIXED ASSETS

Cost
At 1 April 2022
Additions during the year
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
Disposals
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
8.
INVESTMENTS
Market value at 1 April 2022
Additions
Disposals
Revaluation
Market value at 31 March 2023
Cost at 31 March 2023		 Office
Equipment
16,187
-
-
16,187
16,187
-
-
16,187
-
£
-
£
2023
813,850
-
-
(40,202)
£773,648
£623,997		 2022
753,221
-
-
60,629
£813,850
£623,997

The investments consist of managed funds with underlying investments in UK and overseas equities and bank treasury deposits, and are valued at their market price in an active market . The holdings at the end of the year were:

CCLA - CBF Global Equity Fund
M&G Securities - Charifund
9.
STOCK
Goods for resale		 Value 31.3.23
478,711
294,937
£773,648
2023
£1,318		 Value 31.3.22 Value 31.3.22
499,716
314,134
£813,850
2022
£2,020

The amount charged as an expense in the period was £2,303 (2022: £1,890).

Page 12

THE FRIENDS OF SALISBURY CATHEDRAL NOTES TO THE ACCOUNTS (CONTINUED) AS AT 31 MARCH 2023

10. DEBTORS
Income Tax recoverable
Other debtors
Legacies receivable
Prepayments and accrued income
11. CASH AT BANK AND IN HAND
Current accounts - Lloyds Bank
- CAF Bank
Deposit account - Central Board of Finance
Petty cash
12. CREDITORS - Amounts falling due within one year
Amounts received in advance
Grant commitments
Other creditors and accruals
Life membership subscriptions
13. CREDITORS: Amounts falling due after more than one year
Life membership subscriptions
14. MOVEMENTS IN FUNDS
Balance at 1 April 2022
Net income before grants
Grants to Salisbury Cathedral
Unrealised losses on investment assets
Balance at 31 March 2023
Balance at 1 April 2021

Net income before grants
Grants to Salisbury Cathedral
Unrealised gains on investment assets

Balance at 31 March 2022		 Restricted
Funds
-
-
-
-
-
£
-
4,023
(4,023)
-
-
£		 2023
9,608
-
38,700
543
£48,851
2023
15,705
17,012
97,689
73
£130,479
2023
495
30,000
3,530
2,157
£36,182
2023
6,041
£6,041
General
Fund
1,024,747
94,028
(166,500)
(40,202)
£912,073
907,357
181,261
(124,500)
60,629
£1,024,747		 2022
9,198
-
30,883
501
£40,582
2022
8,869
37,169
138,078
138
£184,254
2022
1,485
-
3,796
2,480
£7,761
2022
8,198
£8,198
Total
1,024,747
94,028
(166,500)
(40,202)
£ £912,073

907,357
185,284
(128,523)
60,629
£ £1,024,747

Page 13

THE FRIENDS OF SALISBURY CATHEDRAL NOTES TO THE ACCOUNTS (CONTINUED) AS AT 31 MARCH 2023

15. REMUNERATION OF EMPLOYEES AND AUDITORS

The Association had 3 employees engaged in administration (2022: 3) whose total remuneration was £28,108 (2022: £27,435). The Association paid no pension contributions in 2022 (2021: £nil). During the year the Association also engaged a self employed contractor to undertake book-keeping work on an "as needed" basis. The cost involved is included with "Staff costs" in the Notes to the Accounts.

The Association's auditors were paid £nil in respect of accountancy advice (2022: £nil) and made no charge for the audit in either of these two years.

16. OPERATING LEASES

As at 31st March 2022 the total of future minimum lease payments under non-cancellable operating leases, in respect of the Friend's offices were as follows:

Amount due within one year
Amount due between two and five years
Amount due after 5 years		 2023
2,375
9,500
20,781
£32,656		 2022
2,375
9,500
23,156		 2022
£35,031

The amount charged as an expense in the period was £2,375 (2022: £2,375).

17. RELATED PARTY TRANSACTIONS

The members of the Executive Council received no remuneration in either of these two years. No members were reimbursed travel expenses (2022: £nil). One Trustee, Mrs K Shearing was also an employee and her remuneration during the year was £3,835 (2021: £3,603).

All grants paid in the year, and in 2022, were to support the operation and maintenance of Salisbury Cathedral. The Revd Canon K Padley and Mrs L Herklots are members of the Cathedral’s Chapter.

The Friends rent an office from the Cathedral, who charge them rent and utility costs on commercial terms. The Cathedral also host their IT infrastructure without charge.

18. PROVISIONS, CONTINGENT LIABILITIES AND CAPITAL COMMITMENTS

There were no provisions, contingent liabilities or capital commitments in the year (2022: £nil).