c.h
243439
THE FIUENDS OF
ALISB
RY
THEDRAL
PORT Af4D A
FOR YKAREND£D 31 MARCH 2024
N . 243439
CONTK
Report ofthe Executive Council
Ststement ofRespoiisibi]ities of the Members of the CoullciI
Report of the Indepeiident Examitw
Statement of Financial Activities for tbe yeBr ellded 31 March 2024
Statement of Fin￿¢1￿ Activities for the year ended 31 March 2023
Balance Sheet as ar 3 1 March 2024
14. Notes to the A￿o￿ntS
MOORE SOUTH LLP
CHARTERED AC
OUNfANTS
SALtSBURY

THE FRIENDS OF SALISBURY CATHEDRAL
R'r
ri TUE IXECUTIVE COUF4CIL
AS AT 31 LVIAR "H 2024
Patrons:
The Rt Rev'd theLgrd Bishop of SalÈsbury
HM Lord Li¢utenw)t (rfDorset
HM Lord Lieutenatrt of WiltshÉre
President:
Th¢ Very lievd the De2n of s￿l8bUry
Vict-Presidents',
Rev'd Hugh Dickrynson
Tht Very Re¢d Derek Watson
The Kt Rev'd June Osborne
The Mayor of Saltsbury
The LeAder of Salisbury City Counol
Lt Col H Keatinge OBE
Membtrrs of the Exeeutiye Council:
Elteted MembeTh:
Ms J Higgs
MY J Kelly
Mr N C Lewi8
Mr J. March
Mts L Walli5
MrP Wil]iams
{retir￿ September 2L123)
(appoirnted S¢pteJnbw 2023)
Chapter's
Representative-
TheRevd C8non K PAdIty
Ar¢bdea¢onry
Representatiyes:
Wilts..
Satum.
Dorset..
she￿0￿¢.
Mrs K Sbearing
Ms L Wallace
Mr M Joseph
Mrc Hamon
(retired November 2023)
Honorary Ch*ir',
Capt D Glass OBE (retir￿ September 20231
Ms L Wttllace
(appointed September 2023)
onorAry Tre4¥surer."
Mr C B Dragonetti
me￿bershiP Secretary: Mf D Brown OBE
Pritteip#l Oficej.:
Ms J Lever
B Nmaylen
(retired Dect￿be[ 2023)
(appointed December 2023)
Addre5S:
338 Ladywell, The C1054 Salisbury SPI 2EJ
Bankers..
Lloyds Baiik plo 38 Blue Boar Row. Salisl)ury
CAF Ilank l.t4 25 Kilw Efill AveDue, West Malling
Parker Bullen, 45 Castle Street. Salisbury
Moore Sollth LLP. 33 The Clarendon Centr< Salisbury
CCLA Investment MaJJage(nent, l An¥el Lat4 London EC4
M&G Chariti&%, PO Box 9038, Che]m8ford
Soli¢itors-.
Jndependent Examiners..
lov¢sto]eDt Managtts."
Registered Number.
Charity no. 2434J9

FRt£NDS OF
LISBURY CATHEDRA
REPORT OF THF. F.XF.CIIT
AS A'I. 31 MAXCR 2024
The Menthers of the Executive Council present their atmual report Myth the &ccoukyts ofthe Association for the
year eNled 31 Maich 2024, which have beerl prepared to comply Trqth the prolisfftons of the Clwitie6 Act 2011 and
the Siatement ofRecommended Practice.. Accounting and Rq)orting by Chatiti&s (FRS102}.
STRUCT
VERL¥ANCE AND MANAGEMENT
Constitution Charitable StAtus
The Association of the Fllends of Salisbury Cathedral ig w utiincorporated aS￿￿latiOn. governed by a
constitution adopted 18 July 1968 as amended I l October 1980, 23 Septen]ber 1989. S October 1994, 18 Septe￿￿
2004, 17 Septembei 2014 and 17 September 2016. It 15 a Tr8iStered charity. aryl is bound by the provisions of the
Charities Act 2011 and thc TTUStee Act 2000.
Orga￿l$￿tio
The management of the knoaation is deputed to the Executive Council. the member5 ofwhich are the trustees
of the Qhatity. This coi)sistg of SLY Elletthet5 elected from tbeFriends, & i'epresentatiwe of the Cathedral Chapter
four archdea¢ony representatives in the DI0￿S￿ the holloi'ary treasurer and up to three ci)-OPted
Encmbers. The inembers of the Executive counc￿ durtng the year ended 3 1 March 2024 are shown on pag¢ l.
Ivduction #lld Trainllng of members of the Ewlltzve CouDtil
As part of their i[￿uCtion program￿e new members of the Extcthive CouLcil areproNided with ￿ introductton to
th¢ obje£tiveg, scope 2nd policies of Èhe Agsociation, Cbartty Comt>)iBsion itifom18tion ontrnstee respoi)sbE iiities
and copies ofthe prerrious threeyears of Executive Council an￿￿1 reports and accoullts tO8ether with details of
the goverftitig documents.
Coonecttd Charity
The Associatoon is connected with Salisbl￿ Catbarat whose worft it exists to support. It is, however. independent
of Chapter (the &d￿InIStratIvt body ofthe CathedFai).
Risk Mwiagement
The Executive Council confim that the major risks to which the As5￿]￿tIOn is eKpose(L as identified bythe
Council. have been reviewed tI￿t systetlls have been e5tab]ished to miti8al¢ those ri&k5.
CTIVES AND A
Objects
The objects ofthe Association are to help and support the Chapter of Salisbury CathedTal in maintainio8.
preservi￿ improvtng and enhancing the fabrie, fitting4 ornament4 music and Jnonuments in Salisbury Cathedral;
8nd to support the life. worship and nunislry of the Cathedral.
'I"h¢i¢ has been no change ill the object8 over tILe18* year.
Objeet&ve$ and Grattt MAking Polieits
The objective of the Association continued to be the making of grant5 to Salisbury Cathedral to fi￿d
particthar projects and purchases. It may also make grants to related orwisatxoos w4ii¢h support ttLe work of the
cathedTh￿ in specific ways. Grant &pplicationg ￿¢ a￿$￿ed bytheExecutive C(v￿clI with Ttference to theFttends'
otye¢ts and the available fi)nds.
The incontr of the Fr￿endS is pritiipaily derived from subwription£ donations and legacies from tts members
and fund raising events.
ACHIEVEMENfs PERFOR￿LINeE AfiD FINANCIAL REVIEW
Review of Activittw And AchieYement&
n theyear to 31 March 2024 a 8i8nifcaot inCFew IA kgawin¢orne as well as a l¢sser reduction in grants paid to the
Cathedral atid an increase in the Value of Ill￿¢S￿￿ents meattt that, overall, there was an 5n¢rcasc in the value of th¢
Friends net assets ofjust over £191,000. At the year end the actEve number of members was 2,287 {2023 - 2,i28).
The Friend5, total ID 2W23J24 wa5 £281,364, Gompaied £151.078 the previou5 year. Income excluding
legacies was £176.426, compared wtth £121,816 202ir22. The yeAr ￿$0 benefitted from an exceptiona] anottymous
donation of £44,000.

THE FRJENDS OF SALLSB
RY C'ATBE
RAL
REPORT OF EXECUTIVE CouN￿L
CONllNUED
AS AT 31 MARCII 2024
lF,Krs FERFORMANCE AND FINANCIAL RFVIEW
CONTINUED
Revim of Activities afjd AclJleVe￿tnts (ContiBthed)
Dvting the year the Friends grnnts to the CathedraI tOt￿]Ing £104.000, the major grant being £IOO,000 towards
tht cost of two new moveable altars. one at the spire uo8sing the othw, sfftaller one, in th¢ Trinity Cl*. Agrant of
£4,000 was algo made towards Cathedral Ilowerg. Grants nllde in 2022123 totalled £16&500.
At th¢ 2023 AGM, th¢ Assoc2ation ￿ld a fond farewell to Duncall Glass. who had steered the Charity a8 CbainLa
over the last ten years. His successor. Ms Liisa I17all￿ has quAckly adopted to h¢r new role. an early tagk being the
appointment of tr/0 Tnemkn of staff.
Pllblic BeTrefit
The TTUStees confiTm that they have complied with th¢ duty in section 17 of the Charitie8 Act 2011 to h￿e due
regard to the public bellefit guidallc¢ published by the Chgrity Commission.
Investment Policy PerfOrMA￿Ce
The Friends, Investmert Poiicy, which is reviewed autiually. LS to inaintain and enhance the value of their investments
and the Income from themin terms by investin8 in charttable managed thtlds, the underlying investments of whicli
omprise a btoad spread ofequTtie5, bonds and pi"operty. ITNe5LThetrts are held in CCLA'S CBF Global Equity fund
166/0) and M&G s￿untieS, Clwithnd ()4/0). There were no disposais dur&ng tbe year and the year el￿ revaluation
resulted in net U￿re￿ISed gains of £80.473. mor¢ th8n Fully I¢ver3illg Éhe lo$se$ of the previous year. During the year
investllLent5 gav¢ a capital rturjj of +10.4/ts.
Rutrves
At 31 March 2024 the t￿t U&sels ofthe Frie￿18 amounted to £1,103,307 (2023.. £912,073), which tndudes £854,121
invested for a bdterreturn. The Friends, policy is to bold reserves (a) as workkttg Capitai to support ongoing
peiations alld activiti£% (b) at Iwt 12 illonths expellditure to provide ¢oDtinuity in athievin8 its Charitable a¢tivities
attd (c) fi]ture replacernent of goods and equipment a8 De£es5ary.
Plan$ for Futtsre Periods
The AssoLiation plaus fio ¢ontinue the acttvities outlined above in theforth¢omi]]gye4tS subject to satisfactory
fi￿dIng aTran8eiw*s. It plans to make fvrtlier 8rants with referen￿ to its objects and availabl¢ thnds.
The Association also atms to increase its membership overthe forthcornirtg years.
Aud*tors
Although FleEchei & Partnerg Treie re-aPPOillted as the Association's auditor8 at the 2023 AGM rhey subsequently
resigtted before the year ettd. Following a carefvl study of Ch￿lty Coi]]nliS5ion guidance oil the matter. it beGatne de&r
that an a￿dit of the Charity was not a requirement, but tI￿t an indq)end¢nt examinatio￿ a less demandin8 and ]nore
appiopti8te level of 5CllEtiny for sm￿ler ch&tÉtie4 would be adequate
Indtpendent Examirters
Following a review of possible providers the CouncÉl appioved the appointEnent of Moore Soutli LLP. Charter¢d
Accountants as the Associgtion's tndependent exarniners.

THE FRIEND&+ O
iA
RYC
TMEDIIAL
REPORT OF THE EXECUTIVE COUNCtL
CON
AS AT 31 TrtARCH 2024
SPVN5]BILTTtES OF TH
R THE PREPAR4TI
ER5 OF TH£ ExEcufivE COUNCIL
N OF THE FINAThCIAL STATF.METrTS
The members of the Executsye Cout)cil are responsible for prepaTlnS thetr Report and the statEments in
accordance applicable and Untted Kingdom Generally A¢cepted Accounting Pra¢ti
Charity law requires the n)embers of the Ex¢xut¢ve Councit to prepare financial statements, for each fll)ancial year,
which give a tJu¢ and foirwiew of the Association's financial actIN￿tieS during the year and the position of
the A5soGiation at the end of the yeai. In piepatillg these 5tatement4 the rnembers of the COU￿1[ are required to".
sel￿t wiiable 8wut)ting policies aiid then apply them consistentty.
Makejudgements and estimattt that are reAsonable and prudent.
State whethet app]scable accountins stand8rds and state￿ellts of recoxnmellded pra¢ti¢e have b￿1
followeil subject to any departyres disdosed and explwned in the financial statematts.
Prepare the accounts on the going Concern ba%s uniess it is inappropiiate to pre5UllLe that the
As50aatioiiwill continue to oper&te.
The meEnbers olth¢ Coun¢il are respoll5ible for keepiTrg proper accountjDg [￿OrdS which disclose wtth reasonable
accuracy the financial position of the Association and whi¢h enable them to eKwie thatthe financtal State￿entS
comply wtth the proviston5 oftlie Cliarities Act 2011. They ate also responsible saf¢guarding thf asset5 of the
Asyociation and he￿te for t2k]ng reaso￿ab}e steps for the prevention and dete¢tion of fraud w)d other irregularities.
The meFnbers confjnn that so far as th¢y are aWWE there is no infomation relEvaDt to the LTrf wliidL tl
independent examiner is unaware and tbe members have taken tbe necessary steps to ¢nswe they thewlv¢s are
aware of aIl relevant i]]formatiots And have m￿c sure the independent eyaminer is aware of it.
Siglled onbehalf c>fthe Executive Coullcil..
Ms L walla￿ (Chair)
MrCB
(Hon Tr
Approved by the Executive CouARcil.'
. 2Q24

JND£P
NDEf4T ExAN(￿4ER's REPORT TO THE TRUSTEES OF
THE FRIEf4D
RY CATHED
I rcpart to the trustees on my CKamtn&tion of the fivanciai statem¢nts of the Friends of Salisbury Cathedral
(the charity) for the year et]ded 3 1 March 2024.
Rtspon$ibilitits and basis of report
As the trustecs of the ch￿[lY you are respollwl)le For the preparation ofthe financial ststemeThts in accordance with
the requiremeots of the chariti￿ Act 2011 (the 2011 Act}.
I report iespeci of examin&tion ofthe charitys fin1￿CIaL thtem¢nts carried out under 5ectioM 145 of the 2011
Act. In ca]rying out my examination I have followed the applicable Directions 8iven by the Charrty Com]ni8sion under
section 145(5Xb) of the 2011 Act.
IDdepend¢Dt examiller's 5tstement
I have compl¢ted my exanllnation. I confirm that no matter% have come to my attenttoll in CDnnection with the
mination givittg tne rause to believe that in any mat&ial respect..
l. accountins rttords were llot kept in respect of the Charity 2s r¢¥uired by seotioll 130 of the 2011 Act. or
2. the fjnan¢iaJ statements do ￿lt accord those records., or
3. the fina￿181 $tat¢meDt$ Ifo not Comply with the appli¢able requirements concerning the forni and contellt of
acC(￿At8 srt out in the Ch8rsties (A¢counts and Reports) RegLdatitsns 2008 othet thuLany rwuirement tlJ&i
the a£¢ounts gtve atwe aod fair view which is not a Dtstter consid¢r&l &s part of ao independent examination.
I have no concerns and have come across no others K)atte¥s it) ¢onneJion with the exarninatioll to whith attention
should be drawn in this report in order to enable a proper undergtandins of the finanttal st&t¢rnents to be reached.
Ust of my reptsit
This report is rnade solety to the Clwity's Trustee4 as a body. in accOrdw￿e wiÈh Cbapt¢r 3 ofPart 8 of the Charities
Act 20
mtimtion lkns been undertakell so that I might state to the Cbarity's Trustees those tndter5 1 a￿1
to thern ill an independent examiner's report and for no otherpurpose. To the filllest oYt¢At p¢nllitt¢d
t accept or &ssutne responsibility io anyone other thanthe Charity and the Charity's TNstees &£
inatiot), for this repor¥ or for the opinions I haye formed.
aw.
or
Id
Moore (South) L
)3 lThe Claterndoll Centr¢
S31isbury Busines5 Park
Dairy Nfeadow Lane
Salislx
Wiltshire
SPI 2TY
CA
Dated. fni JJO g02F

'rAL FRIENDS OF SALKSBURY CATHED
TATEMENT
F FINLN
IAL ACTIVITIES
FOR
31
2024
UDrestricted Restrtcted
Fund$
Fund8
Total
2024
Total
2023
INCOMtNG AFqJ) ENJ)owMFNrs FROM.
Donatiotss and legacies
Trading actiNryti&%
Investmerts
Note I
Note 2
Note 3
214.2g2
26.697
40,375
214.292
26.697
40,375
100.152
18,552
32,374
Total
281,364
281,364
151,078
LKPENDITURE ON.
Raising th￿dS
C05t$ of gellerating voluntary incom¢
Support wsts indudin8 gov¢iJan¢¢
Cost of g¢lleratiDg investrllent iu¢om¢
21.576
45,027
21.570
45,027
18.659
38.391
66,603
66,603
57,050
Charitable Athivities
ants payable to Salisbury Cathe(]ral
Note 5
104,(X)O
104.000
166.50QI
Totsl
170,603
170.603
223,550
Net surplus/ (deficit) before gains or I0￿¢S on
investment wts
110761
110.761
Net 8ains I (losses) on investment 2S5ets
Realised gains l (losses)
Unrestlised gaiTr)s l (losses)
Note 8
80,473
80.473
140.202)
Nd income l (expendituTr)
191.234
191.234
(112,674)
RECONCILIATION OF FUNDS
roTAL FUNDS BROUGHT FORWARD
912,073
912,073
l.024,747
TOTAL FtJNDS CARRIED FORWARD
£1,103,307
£1,103,307
£912.073
The Associ&lion did tK>t aGquire or discontinue any aetivttles rri either of the above two Ye￿9.

THE
tEND
Ll
STAT£M£f4T OF FINANCIAL ACTIVETIES
FOR THE YEAR TO 31 Th(ARCH 2023
U￿restricted R¢strieted
Fts[￿s
unds
Total
Total
2022
COMtNG AND ENDOWMENTS FRO￿.
Donations and legacies
Trading activities
Investments
Note I
Noɢ 2
Note 3
100,152
18,552
32,374
100,152
I8.5S2
32.374
192.186
15.707
27.934
Total
151.078
151.078
235,827
EXPENDITURE ON..
Raising fijnds
Costs of generating voluntw illcome
Support Costs in¢ludtng governat￿e
Cost of Seneratiw investment income
Note 4
18,659
38,391
18,659
38.391
13,464
37,079
57,050
57,050
50.543
ChaTitable knivitÉes
Gi8llts payable to Sa15Ebury C8thedral
Note 5
166,500
166,500
128.523
Totsl
223.550
223.550
179,066
Net surplus 1 (deficit) before gains or losses on
InvestnLeJrt assets
2.472
Net gaitts 1 (losses) on itNestmet)t assets
Realised ggins l 00sw)
Unrealised sainsl {losses}
Note 8
{40,2￿2}
{40,202)
60,629
Net i￿G0￿c l {expenditute)
(111674)
{112.674)
117.J90
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHf FORWARD
1,024,747
1,024,747
907,357
TOTAL FUNDS CARRIED FORWARD
£911073
£912,073
£1,024.747
The AssociatIOA did tK)t acquire or discontimte any artiiities in either of the above two ye￿.

THE IIRLEND
ALI
BURY LATHKDIIAL
ALANC£ SHEET
AT 31 I￿ARCH 2024
2024
2023
FJXED ASSETS
Tangible Assets
lllve$tments
Nthe7
Note 8
1,497
854, 121
773,648
855,618
773.648
CURRENT ASSETS
Stock
Delrtor8
Cath at bank atLd in hand
Note 9
Note 10
Notell
642
51,274
231.018
48.85 1
130.479
282,934
180.648
cRED￿ORS. Amoiints falling dlle
withill one ye*r
Note 12
31.035
36,182
NET C[]RR￿ ASSETS
251,899
144,466
TOTAL ASSETS LESS CURRENT LEABILrriES
I,I07,517
918,114
CREDITORS: Amoumts falling due
After more oneyear
'ote 13
4,210
6.041
£1,103.J07
£912,073
Representing..
FUNDS
Note 14
Restricted Funds
Unrestricted FurLds
1,103,307
912,073
£1,103,307
£912,073
Signed on behalf ofthe EXe￿tiVe CounciI..
Ms Lwallace (Choir}
Approved by the Executive Council..
. 2024

Pa
THE FRIENDS OF SALISBURY CATHED
TES TO THE ACCOUNTS
A.8 AT 31 hlARC.H 2024
ACCOUNTnYG POLICIES
Basis of ACe0￿￿tIng
The AcciwJ]ts have been prepared in accordance with Accounting and Reporting by Charities." Stateme
ot Recommended Prattice applicable lo charitie5 Ptepating their account5 in accordttnce with the Fin2ncial
Reporting Standard applicable in the UK and R¢publt¢ of Ir¢land (FRS102), Assets and liabilities ar¢ initiaEIy
re£ogni5ed at htstoricai cost or tran5&Ction value unIess otherwise statd in the relevant a¢counting po]icy.
The TNstees do not ¢on$ider thare to h&v¢ been SI￿&￿￿ jUd8tll¢t￿ made in applyiDg the a¢coutitin8 policies
below, nor that there There any significant estimation uncertaintieg involved in the preparalion of the accowrt8 that
require disciosure.
b. Preparntion of ibe actounts on * goiiig coDcern hasi5
The Executtve Council const(ler that the oharity ha5 suffi¢ientTesour¢es to enable it to opefate for the forseeable
fil￿re &nd b&ve Prep￿ed the acc4)unts ott the basis that the charity is a going concem.
T￿gIble Fixed A55ets
Tan8ible fixed 4S5&$ COStillS of £500 are capitalssed. Depreciation is Charged at 25/0 per anmun on cost
in order to ￿lte Dff the cost of fixed assets over their est￿mated economic lives.
Inve$£meRtS
These are shown at market value. R￿lS¢d and unrealised gains and losses investo￿tt5 ar¢ alti1b￿ed to th¢
fi]nd tn which the investments are held.
Stock
Stock of ¥ood5 foi iesale is Vdlued at thelowet of c05t at]d llct realEs&ble value.
Subs¢viptioAs *nd trtvestment Tniome
These are included ITJ the yeat in whith they are ￿e[eivable.
Life Membeyship Subscriptions
These are taken to income over 12.5 years. The Trngttts Nithdrew the offer of lift metnbership subscriptions
during Éke year 2018119_
])onattoJi& Iw¢ie$
Don81ion% aiJdle8acia% are included as income onrx it is reasonably Cert￿ that th¢y will b¢ receivei and the
income can be mea5uFed reliably.
Income Tax Recovernble
This is included ag incon* in tbe same year a8 the related net income.
Expenditure
l expenditure is &t￿llElted for on an acc[u￿& basi5 and has been classified undeT headings that 8wegate all costs
related to the rat¢¥ury. Expe￿dItUre Is recO￿lsed where there is al￿al or ¢OllStructive obligaEion to mdke paytnems
lo ihird partie£ it is probable that settletn¢nt will be required aod the amount of the obligation can b¢ measured
rejiably.
k. Grants Payxble
Grants payableto third parties are w7thi]R the rhaTitable objectives. Wheieunconditional gtallts are offered, this 18
acoued as soon as the recipient is notified of ibe grant. a5 this giv¢s rise to to a reasonable eXp￿tatIOn th￿ the
r￿ipIent will rweiye the grants. Where gtallts are conditional relating to ￿fO￿lIanCe then the grant is only a¢LYued
when any conditioDs aFe outside of the GDntrol of the ch4n"ty.
L Funds
Unrestiisted are available fur use at the disctetiun of the tsustees An ￿rtkerartee of the general objecfive8 of the
charity atth whicli have not bewi designated for any other pujyose.
Restrict¢d Funds.. donations and legacies receiveil for specific restricted purposes within the Association's objects aTe
5bown as restricted fund5. kny incoTne and ir1￿¢st￿ent gain5 or losses atiSill8 on a restrirted fi￿d are alltibUt￿ to
that fi)nd.

THE FRIKNDS OF SALISBURY cATHED￿L
NO
'ro TllE ACCOItNTS
CON
A5AT31
It 2024
ACCOUNTING POLICIES (continued)
m. FiD#Dcial Insln&ments
Th¢ charity onLy has finaTKial a&sets alld litbilitits% of a kÈtid that qLulify as ba51¢ finan¢ta] instrumenÈs. They are
in(tially reCO￿llsed &t tranwtion value and wbsequendy rneasu￿ at Ébeir sett]erneTht vEh]e.
Employment benefits
The cliaTity oFp¢rat¢S 8 defilled ¢Otitribulxon plan forthe benefit of its employees. ContrÉbutions are expe￿Sed as
they become payable.
Lease
Rentals payable and receivable und¢r operating l¢as¢s ar¢ charg￿ to tbe SOFA on a strgi8ht iinebasis over tbe
period of the lease.
DONATtONS AND IIGACIES
2024
2(r13
Subsciiptions
Donation&'.
52,861
2,875
53,618
104,9)8
55,120
1,625
14,145
29,262
Cathedral Chairs
Other donaÉion
un￿StrI¢ted
Restricted
£214.292
£100.152
INCOME FROM TRADtNGAcrivrIiEs
2024
2023
Tncome from rullning events
Income from sale of goods
25,079
1,618
16.8
1,752
£26.697
£18,552
INVESYWENf TNCOME
2023
Income from UK listed invesm]ents
Other iRteiest reteryable
30234
10,141
29,757
1617
£40,375
£32,374
4. COST OF GENERATING FUNDS
Cost of gellerdting voluntary income".
Cost of nMtniTg events
Cost of goods for sal¢
Spire Magazine and Metnbers, newsletters
8.l60
956
12,460
3.820
2,303
12,536
21,576
18.659
Support cK)sts:
Staff ￿$tS {8￿￿}
Postage, printing and statlonery
Other officé costs
23,835
1.416
12,707
23,417
1,126
7.994
37.958
32.537
Governance
Support staff costs {2￿￿)
Independent Examinevs fee
5,959
1.110
7,069
5,854
5,854
Cost of gelleiating jnve8tsn￿rt In￿me.. Investmeiit n)an8gemert costs
£66.603
£57,050

FRIENDS OF SALISBttRY
ATUKD
NOTE
TO TH£ ACCO
Nrs
CONTUqUED
AS AT 31 MdUiCH 2024
GRANfs PAYABLE TO SALtSBIJRY CATHEDRAL
Grants ApproYed/
payable as
Oieleased)
at l Apri]
during the
2023
Payable at
31 Nlarch
2024
Paid duTin8
the yeai
Piyable i
2023
Cathedral tlowers
Extenul LED ftoodlighting
TV Screty￿ & cases
Chamber organ
N¢w altars
4,000
4.000
3,(X)O
127.000
6.500
30.000
30.0(Y)
7.500
100.IXJO
21500
100,(KJo
£ 30,000
£104,000
£111.500
£ 22.500
166,5(X)
Frfjends also provide fiwnished office accomjnodation for the Vicar ofthe Close wati
IINALYSIS OF GOVERNANCE AND SUPPORT COSTS
The charrty is admt￿Stered by a small team of employees reportiD8 to the Exe￿tiVe Council. As shown at
Note 15 Members of Éhe Executive Council are Lmpttid volunteets. TheExeculsve Councll consider that the
5UPPQrt Costs of op¢r8tin8 the charity relate to estbei the wst5 a55ociated with raisin8 fi]nd5 or 8ovem8nce
costs of the Ghariry, and so these ￿8t8 aTe apportioned on the basis of tiw sp•it on these athtvities.
Gra￿S twardd are decided by th¢ Executive Council and it is not ¢oMsid¢red appropriate to Apportion
any support costs to these d]aTitable aCt￿Vit￿e5. 'fhe avetase nulllber of e￿￿lOYeeS in 2024 wa5 2.4 {2023 - 3).
No employee received benefits of nwr¢ than £60,(M)O in ¢ither yeyr.
TANGIBLE FIXED ASSETS
Cpst
At l April 2023
Additions duritt8 the year
Disposals
16.187
1.997
At 31 March 2024
18,184
Depreciatio
At l April 2023
Charge for the year
Disposals
At 31 Match 2024
16.187
500
16,687
Nrt book valve
At 31 Marth 2024
1.497
At 31 March 2023

THE FRIEND
OF
ALtSBURY CATkiEDRA
OTK
THE ACC.OThTS
ONTINUED
S AT 31 IILIR
ll 2024
8. INVESTMKNTS
2024
20
Market value at l Apiil 2023
Additiolls
Disposa]s
ReTraluBtio
773,648
813.850
80.473
(40,202)
£773,648
Market vdue at 3 1 March 2024
£854,121
Co8t at 31 March 2024
£623.997
£623,997
The investments consist of maJaged fimds wilh uThderl}ryng illv¢strJMiSs inUK 3ud oversejs equities and bank
treasury deposits, and ate valued at their matkeÉ price iii an ￿tIVe market.
The holdti]8s at the end of the year We￿..
aiue 31_3.23
CCLA- CBF ￿0b41 Equity Fuud
M&G Securitse8- Charithttd
564.572
289.549
478.711
294,937
£854,121
£773.648
9. STOCK
2024
2023
Goods for resale
£642
£1.318
The ¢ltarged as an expe1￿ in the period was £956 (2023.. £2.30J}.
10. DEBTORS
2024
2023
Income Tax recoYu3ble
Other debtors
Lega¢ies receivable
Prepayments 8nd accrued iticome
9,700
3.480
37,500
594
9,608
38.700
543
£51,274
£48,851
11. CASH AT BAPIK AND IN HAND
2023
Cutrtnt &c¢ounts- J.loyds Bank
. CAF Bank
￿q￿slI account- Central Board of Fittau¢e
Petty Cath
10.100
16.419
204.451
48
15,705
17,012
97,689
£231.OJ8
£130.479
11 CREDrroRS- Amounts falling du¢ wtthin otte Y￿tr
2024
2023
Amounts received advanLY
GEant c0nllnithe￿&
Otlw creditors aCc￿alS
Life membership subscriptions
836
2151)0
5.868
1,831
495
30,000
2,157
£36.182

e13
TKE FRIENDS OF S.4LISBIJRY
ATItEDRAL
NOTES TO THE ACCOUNTS
COf4TINUED
AS A'f 31 MARCFt 2024
13. CRED￿oRS. fa￿2￿8 due After more than ole y&gr
2023
Life membership subscriptions
4.210
6,041
£4,210
£6.041
14. MOVfMEP￿S IN FUNDS
Restricted
Unr¢5tri¢ted
Balance at l Aptil 2023
Net incomebefore grants
Grant8 to Salisbury Cathedral
UnY¢a]ised gains on investment assets
912,073
214,76l
(104,000)
80,473
912,073
214.761
(104.000)
80,473
Balance at 31 March 2024
£1.103.307
£1.103,307
Balanc£ at l April 2022
Net incoine before grants
Grants to Salisbury Cathedra]
UDrealised10&ses on itNestment assets
1,024,747
94,028
(166.500)
(40,202)
1,024,747
94,028
(166,500)
(40,202)
Balance at 3 1 March 2023
£912,073
£9l2.073
15. R￿mu￿BAll0N OF EIMPLOYEES AF4D LYDEPENDETfi KxAfNllNER
The Association hod three employe¢s engaged in administration at the start ofthe yearbut only oje ￿ the year end
A second employe¢ started just il thebeginning of the new ￿lancI9j year (2023". 3). Total remuneration pgid i
2024 w&s £28,461 (2023.. £28,108). The Associatiott paid pension CL￿tribUtionS of £173 2024 (2023." £nd).
Durins they&v the As8oGiatiOA eontlAued to engage a self employed contractor to ylldertake book-keeping work
OJ an as needed basis. The Cost involved iB included with'staff costs. in theNotes to the Account
The Assoaation appointed a new Independent Rx&ll￿ner duting the year and an a¢cruAI of £1,110 das been Thade
in these accounts fortheir professional services at the year end. The A5sociation'5 previou5 auditors bad chai8ed
no fees for their professtoJal strvtces for the audit ekther 2023 or 2022.
16. OPEIIATING LEASES
A8 at )Ist March 2024 the total offyture minijnum lease pay￿￿￿tS under non-cancellable operating leases, in
respect of the Friertd's offices were as follows..
21f24
2023
Atnount due within one year
1375
1375
AmoutJt due benveen two and five years
9.500
9,5(J)
Amount due after 5 y&8rs
18,4(
20,781
£30,281
£32,656
The amount charged as an expense the period was U375 (2023.. £2,375).

e14
THE FRICI EIDS
F 8ALISB17RY CATHEDRAL
NOTES TO THF. ACCOU
c.oYrtNifED
AS AT 31 IIIARCH 2024
17. RELA￿D PARTY TRANSAclloNS
The Members of the Exewtive Cwncil re￿1Ve￿ no remuneration in either ofthese two years. No inembers
wett rtitnbursed travd exp¢ns¢s {2023'. £nil). One Tru*4 K Shearing w&5 also all employee and her
renwllerEtion duri[￿ the year was £3.235 (2023.. £3,S35).
AU gr&nts patd in the year. and 2023. w¢re lo sUp￿)rt the operatioR n]aintenance of Salisbury
C&thedtal. The Revd Canon KPadley is a mernber of the Cathedral's Chapt¢r.
TheFriend8 rent an offi¢e from th¢ Cathedraj, who d)arge them rent and utility costs on commerical teTms.
The Cathedral also host theyi rr infrastrucknre without char8e.
18. PROVISIOP4S, coiYfDIGENT LIABItJTIES AND CAprrAL COMfvIITMENTS
There wereno provis20ns. contAngent liabiknti¢5 or ¢apitai W￿￿￿ltMentS in the year (2023.. £nil}.