2025-03-31-accounts

No 24343 TK YCA RT cco D 31 MARCH Rwt of the Ex￿J11¥¢ Coullol S￿allen1 of RespoosibilitiBS of theM•nkn of th¢ Council Rwt of th¢ 1odq)￿d￿t ofFiDao¢i￿ ArtI￿lIts for the yew ryth131 2025 St&anettt of Fir￿1&[ ALivities for the ye4r etslul 31 2024 B81￿l Sbed a8 at 31 2W25 Nota to tbe Atujunts 9.-14. ANTS

AT The Rt R&d th¢knxd Bishop of Salisbury HM L4rd ofwiltshire Pmtdfflt The Vay Wd the De8n ofsiisbwy The Vay R￿'d Hugh DitiDSLYt The Very RvPdDttdc W80n The Rt R￿'d Jua¢ (kbon The Mayorof Satisbury Th¢ ttth of Salisbury City Courril Lt Col H K&tin8¢ OBE hl¢mkn ofthe C•nndi: Mrc hfr J Kdiy Mr N C ioyis Mr L Marth Mts L Wsllig Mr P Wdliams co￿pt£1 Ma¥br. mrC￿lst£vhs D•ti Thc Revd C8nun K P￿¢Y Wilts.. C#ptain D Glass OBE L Watli8 Mrm Joswh MrLth Mord) M5 L Wallw (AppOill￿a S￿￿b￿2024) (rth￿a Swtanbtr 2024) Mr N C LthvlB FCA ACIB MrDBrnOBE Adnthil•tratsr. Addr￿. 33a The CtoK S￿l￿Y SPI 2FJ Lloyds Bank plq 38 Blue BoarRov. 8alt8bury CAF B￿k W 25 Kings Hill AVI￿ll4 Wert MAlling SoliotoTh'. Pth BullaL 45 CaBtle Stted. Salisbwy Jttdepelld￿ Moore South il?, 33 TheCknrnth)n cth S81i8bwy CCLA MaD88emtnt. l Angd IAyndon EC4 M&G Chatitiffi. PO Box 903& Chejmsford Clwity 243439

OF SALISBURY CATBPD OF THE EXEcirrIvE AS AT 31 MARCII 202 The Manba5 oftbe Fxeartiv¢ cow￿￿1 p￿6￿t thr aDouai w svith &xx)thts oftho A58ociation for the the yeAr ￿dea 31 Math 2025. haveb￿ to a)mply with the pTrvi5ions of tb6 CkniÉie& ALt 2011 the Ststall￿t of RvAumm¥Jded PIxti￿ A￿￿tItig 8lld R4)ortingby Chatitigs (FRS1021 ND MANAC Th¢ Associotion of tkeFriaMb of Salisbury cahrthd (the As50ciaLion) is ￿ ull1nwrp￿￿j assoiatto gov¢rnrAI by a constitill￿Oll ad(Ot￿ on 18 Suly 1968. Th18 ujnstitutiott h&4 bcth Eeviewal Rnd ￿dat￿l c sevd ocu4i0fft8. the Ista4t Y￿10￿ being by 8t the 2024 AGK It is a regist0￿ clyarity. and is bound by th¢ prowl81￿ of the Cheritiea Art 20118nd the Thtsttt Act 21MIO. Oryanl¥don Th¢ Associalion 13 maDag•l by th¢ EX￿utiVe Cowial. the of Thqjich &%tbe t[￿t￿th of the th8tity. The Coiwcil a)Dsists of six mJnb¥s ftoxn th¢ Fiif¥ds. a TwY*iv6appgintal by the

to thtte c4Wal maTb&B. The of th¢ Fwattiva Couocil thrin8 the ettd￿ 31 Mwch 2025 shovn on page l. Df thEI￿lIv¢ co￿￿ell AS part of thrir indwtion pr08rat￿4 new manbtts of th¢ExI>￿￿1v{ CounGs1 arBprnvidvd with an intsuduction to the obj•Al￿> poliu¢s of the Assorilltio￿ Cbwtty Commi88ion InfOn￿Ort (#L ttwtee rwonsibiliues. wpie4 of thepreYiLWS three ye4￿, aDnuaf worts and tO8dhe¢ with ddails ofthe govt4w dOL7uD￿fr& The kn50Ci4tion Is an (kntity vthith ¢xist8 to 8UPPOrt th¢ oESo1isbury Cthtrlrnl thr￿m￿L the fidfi1ttl￿L of theAsswiation's ObjvAs whith s& below. Rlsk The Exwjliye Cowiixl (1)nfi￿8 that tkn m4orrisks to Trbith the Association is dYposAt as Id￿lfi￿1 by th¢ CotmLil. haYelJttrA mi6wal attd tbat Systats hfft bee￿ ffitsb1t8h￿ to miti8 th08e (isks. Objffts The Obi&#s of theAssociation ar¢ to 8UPWt tha Chapttr of Salisbury Caththal m&Dt•n]ng. of the Cttbaltsl aad io 8UPPOrt its lif4 vrnthip ministry. Thap hL% beal trj in the objcas over the last ￿. ObJotllveJ Grnwt MaklnK Polldq• The A550cialion fi]lfils Èts objas by makin8 W to SAlisbvry Cb4Jrni to fjjnd pthioAtrprojtt8. appli￿1011& &ssesstyl theFxo]]tive Couwil in 0)mpliall￿ Trith the Friffld8' Obj& 8ttd to 8V811able fimd&. The of theA8S￿ration i8 pincipalty ts1V￿ fiLm￿ Iy2ts. suby(zIptioJ￿. d(￿j00S from oWb￿. yuppl¢xDWtAI by fiwd oh8ing eV￿ts ofAdlvllles Athle¥emfflts In thé yclr to 31 Matth 2025. the As80¢iqton ll￿1¢ 8 Signifi￿11 GThtLt of r2(K),CW tDw4nls th¢r&larnpinB of the intjior of the c&hoJral. NotWAthstAndiD& thev81ueof zlld investmots raluc4lby £115.855. At the ye4r d the 8Ltive llurnb￿ orm￿]b)S 1330 QfY24 - 2,28 Tho Asswatiott's tol81 inwmBiL 20￿25 £190.983. comp￿1 with £281.364 in the pre¥ioug ythr. The A880cAation'8 winiYp&i fiLMur4 of inL%￿le 18 Iyies whicty Duraily ytsto yfar. We dryly indd)tal to th¢ Friffld5 who A$8wi*iiJn in this ww.

HE 202 RwleTY oCknITliie% Arttleyonfflts (Conflnutd) During th¢ year th¢ Friwth a grant to the Cathtthal totailiD8 £200,000 low￿ th¢ o)st ofintojal tel8DJpiog. A furthw £22.500 wa8 paidbeing thc balall￿ of# pThiously 8￿t loTrvJds the o)st of a new orgao. Gr8llts nwle in 2023124 tOt¥JI￿ £104,011 At tb¢ 2024 AGM. the A8soci8tioti wdajtnal its C]wmia MrlJ¢Matth aod expressgj wtefol thRDk& to MS tii3a WaUK4 vtho h￿1 &#aJ &q ajfftr thjting thè yor. LhwiD8 2024, the Soft￿p[ovi￿ of tbo Fii¢xMIs' MaDlJasbip D8FAqe 8av¢notict of hi6 aod cons94U¢llt withdr4wal of swort. The Trt￿t￿ a ddailal review of triaa And ¢ut•l alt￿tIVe d8tkne Softw￿ p￿id￿. ¢¥￿t￿￿1Y 5el&in8 Bem CRM vknith save6 the of DJ)Jiwn-Si7ed 8Jd Iwg¢ thaitie6 throughout tbo UL A d&all￿ hd paiDstskiDg proctss and itst•g mtyrtb￿, data into the tt¢w dthe v45 initithl. this proiox is hr c%)mpletion by 30th Apo12025. lo￿25 And 21￿26 Evfllts th¢ yw. the Fri￿08 orgaDi8ed t￿ ¢V4XAt& tK) Bdltowtrtt)ff￿MOrn1ngS {wbith ate ts to all m&llb¥s) proval parttod￿￿ p)pular. Lxbff nijtable wq¢th¢Chambo- Or8m wld JntaDoI Ligtiting drnstratiOm8 h¢ld ia Febw 2025 to ￿lebrate the FrieLth' vay gtll&O]L8 ffi￿llg of vitsl LX)ntnl>lltioD8 to tbecaththl's lif¢ aDd wellbtity& the rvffypular Seud Gatkns e¥￿t on 26th May (Twbith raisd owiy £7.OCx) for the Frilxth) Alld the Chair BI￿la￿ Savic¢ on Idth N0Vwb￿ is￿1 £3,000. The AGM beld on 21st Sq)tttnbry2024 w&$ by 170 mtmbaB who ffljoyal a •ivoting tslk by Athiffj Waddington about Break8pw. the fw8t Etigiisb Pope. Six ¢¥ots ha¥¢ 80 pl¥J]D￿ for 25-26. induthng awondryfill visit to Windjestv Cat1￿ ott 1st Awil 2025. Sxtd I￿11 be hdd iti May 2025 wevisit Shabom¢ Abb¢y ia Two MOB ¢offee momings Thryll be hdd at the Bdltowff Ttsooth8. The 2025 Cbatr Bknillg Str¥i¢¢ will again tth pl¢ in Nov￿b￿ 2025 8nd w¢ invit¢ 011 Fri￿5 tsl L¥)n8its stK)DSOEiD8 8 d￿]r in mwory of8 Publle B¢ll￿¢ Th¢ Tn]stc¢s mnfirni that they Im 4)tDpliAI with theduty in s&lion 17 of the CTrLoritit4 Ad 2011 to h&ve to tbe publieknèfit guid￿ publish￿bY the Charity Cornrnis8ioL Iv4Vatnwht and Ptili The Friath, [tWeSt￿ Poiiq is revlav￿ 8D]]]￿ly. DuThng tb¢ yew. tht ThlloLasl both r¢6aY<S in￿tsn￿t5 ittto tbtee ttyi¢8: l. Short Iow-risk dwits available forgwit 813TLy tim< 2. MaLiuttk taD) Iow.ri8k dwits with twn5 to matL atltiiapthl ￿ rquuts. 3. Long temL Jiwn4i5k iuVE6fm￿ts qsid¢ for 8t￿1 requats 8Otietpthl in ye8[8 and beyoD At 31 Marll 2025 the n¢t fjssd8 of dFriod8 amount&1 to £1.(￿.576 C2024: £1.IWJ.3071 PlaDY forFlltyre Perlodg Itt p4JditioL to ￿p￿thrt8 ￿8 datab4 th¢ A55Th¥*son its 80ftwwe d 18 vrnking on to its Iv&8ita Wo ate alw vKrflung DLXV to join Indq>endeat EigBthier

THF. F RT SBURY CATnEDRAL co HE EXE ONSIBILITtES OF T FTH HE FINANCIAL STAT ION OF The membas of lheExts￿tJVe CouDiil are responsible for pr￿￿1￿￿. their Rqjort aDd lh¢ financial statanLntS in aLXX)tdonce with applicable Idw Unita Kingdom Generally Accountit)g Prnctice Charity laiv ro]uires the membus of the F￿￿tive Cowi(2110 pw finanixal statetnents. for each fin8na81 Y￿ whith giv¢ a ttu¢ and fair vi¢w of the knociation's fin￿Cial adivitieg during the year and the finaDixai p)sitson of the Association at the of th¢ yw. Ill prq￿Ing these statemfflt& the M￿berS of the Council ar¢ wuirttl to.. Sdttt suitable acc(yJnting poli0￿ and thea apply than consistently. Make jud8on¢nti and ￿tiMateS that a￿ reLgonable and p￿dfflt. Sta1¢ ivbetbet applicable a(wunting sI￿dardS and ststanents of tttommended pra¢*i(Y have followaj, subjttt to 8ny depthir45 disd05eAI and explain￿ in the financial stattill￿ts. P[q)￿r tbe accounts on the going concan b&8is unless it is ]n4)p￿pribte to prwme that the Association will (x)ntinue to opeJate. The mvnb¢J3 0¢ the Council r￿ponSIble for keeping proper aoMnting re£x)rds which disdose with Lson&ble aC￿r3¢Y the financial position oethe Associatioll and which enable thtin to eJ)sur¢ th¥t the fin￿e￿al statffl)euts comply with the provigi(>n$ of the C.h8rities Act 2011. The membus of the Counol ar¢ also rtsponssble for $wa￿lft8 ihe assets of the Associotion aud for tsking reasonabl¢ stws forthe prevention and detection of fraud and other IWI￿lti￿s. The monbus of the Council confirni tbat. so far #s thq are aw8r4 thexe 1$ llo iDfom)ation ￿levant to the Examination of whith the Independ￿t Examiner AS unawgt¢ ond that th¢ Int￿beE8 of the c.ouncil have taken the ntte95ary steps to ensure that &) th¢y thunsdves are am'are of all rdevanl iJJfomia¢ion b) they h￿8 made Sure the Indg￿ndfflt Exgmintr is aware of any inforniation. beh￿f of theFx ve Counial.. emarch {Chair) MrNithol&8 L¥wiJ (Hon T￿su￿) Approva by ihe FX￿1V¢ Council: 2025

II)'DLVEIND XAII IVNF.R' RF.PORT TO THE TR THE FRIENDS OF SALISBURI, CATHEDRAL TEES OF I itwrt to the trus*e5 on my ¢xa￿L￿at1Oftofthe finattcial state]JJeBts of th¢ Fritnds of Sa]i3bury Cathedtal (th¢ cknity)for th¢yeatendtd 31 MaTcb 2025. RespoD51billlffies basss of rtport A5 the trustees of the clwity}TbU gse reswtt￿￿1e forth¢pr¢paTationof the fllwcial slaiements ￿e0rd￿nce with therequireallemts oftbE CA￿itIeS Act 20J I lthc 2011 Act). I report ill TeSPECtof rn}. exHmillalionof th¢ charitys finatk¢ial 5thtemeuts eryd ovl undersettion 145 of th¢ 201 I Act. In carryititr outmy I have folloived the applicable DtrectiODsgii'£n bythe Charity Commissiott ￿der 5ectioll 145(S)Ibl of th¢ 2011 Act. llldependeDt eY&miner'5 Statement I have completed my dxamitiation. I confllm that noJJattets bavc rojne to att¢Dtion ill COM￿110￿ with the C￿2[￿l[￿liOn givin8 Lwse lo beliel'ethllt }￿Y mat¢rial resp¢¢l.' l. a¢countittgre¢otdswere not k¢ptin r¢spE¢tof thc ch8fity &$req￿l[2d bysecti¢m 130 of the 2011 Acl: ot 2. th¢ financial 5tai¢m¢nts do nvi acwrd Ihtsse reC0Th￿. or 3. the fu]aDcial statements do JKktcomplywith The applittsble requiternents conccming thc form and corttertt of accoullts inth¢ Chariiies (Accoullts and Rcwrts} R¢guJatiOll5 2(M)8 other than any re4￿]rement that the accounts glif atrlle Bnd fairvieiy ivhi¢h ts t￿t a ]Datter wnsi¢kr¢d as ￿or att itidependertt exsmination. I have concerns snd h&i'e ¢ome across Jtr otheTh Jnatters in ¢olln¢ctiOTJ ivith the examthation to i%thich attention slwuld be draiyn intbisr¢port inorder to ¢nabl¢ a pmper uDd¢rsidndiDg oftbe thtemenls to k R4ched. R FCCA lotstt {Soutb) LLP 33 Th¢ Clarendort C¢ Sali5buryBusiue55 P8Tk Dairy M¢adNv Lanc S31i5bury WtllshiFt SPI 2TY - IITI Jtho gOLf

SAL FOR T T031 Untestri(ed Restiid Total 2025 2024 Dojjatio￿ ￿dI4￿4 ting a(tiVAtie8 Note I Note 2 Notè 3 129.488 13.918 47.5TI 129.488 13.918 47.577 214.292 26.697 40,375 TDtsI 190.983 19Q983 281.364 Roisiog fimds Not¢ 4 Costs of gener&in8 Volunt￿ inc4)tne Support o)st8 induding gove1￿L Co8t of ¥oaa¢ing irLVe8ttrf inrthne 11.443 64.630 1.443 64.630 21.576 45.027 76.073 7& 66.603 Chatitthle ALivitif6 ornnts￿y￿l1sR￿ycthCdrnl Note 5 200,CIX) 104.( 271073 276.073 170.603 Nd 8uryTrlws l (defiLXt) bthe orlo&8% inv¢8tmut w¢<$ 110761 Nel l Oossth) onirLYCStment 188#s Realistd 8aiD8 1 Uorniisal gaitis 100sse6) Note 8 (7.214) Cl.420 17.214) 17.426) 80.473 Net inLutie l (apwditutp) (99,731) 199.731) 191.234 TOTAL FUNDS BROUGlf FORWARD 1.103,307 1.103.307 912.073 1.003.576 £1.003.576 £1.103a07

YXAR TO 31 MARCH 21>24 Total 2tr23 Notc I Notc 2 Not¢ 3 214292 2@697 40,575 214,292 2Q697 40.375 ICrfJ.252 18,552 32.374 ng aLtviti IDY¢S1[D￿tS 281.304 281.364 151.W8 Note 4 Costs of g0￿&1￿$ volDfLtary i]ome Swrt L¥35ts induding govemanL% Cost of guating investrGtst ittu)m# 21,576 45.tr27 21,576 45.W27 18.659 3&391 6A603 6Q(4)3 57.050 Cknitsbla Acliviti Gr£bts payable to Saligbory CathA1￿1 Not¢ 5 IN.Th)o 104,( 16A5 170.003 170.fd)3 223.550 Nd sutpkn l {d¢fikil) b¢knrgains w losaes on inytttmfflt iio 472 N# gaims / Oosses) on ioyestmlnt assd8 Rthlisal Edill5 1 Q05545) Utirnll￿ 9￿$ l 0055C6) Note 8 8Q473 80.473 (40.202) Nrt itr))m¢l {4wuhliturc) 191,234 191.234 (111674) TOTALFUNDS BROUGErrFORWARD 912.073 912,IY13 1.024,747 £1.103.307 £1.103,307 £912.073

RY 2025 2024 FIXED ASSETS Tangible Assels Investmwtt8 N￿e7 Note 8 838 639,481 1.497 854.121 640.319 855.618 CURRENT ASSETS Stock Dd)iors Cwh w bgnk and in hand Note 9 Note 10 Note 11 642 43.310 329,803 51.274 231.018 373.113 282,934 CREDITO￿. Amounts falllni d￿e within one year Not¢ 12 7.215 31.035 NET CURRENT ASSETS 365,898 251,899 TOTAL ASSETS LESS CURRENf LIABILtriES 1.006.217 1.107.517 CREDITOILS: Amounts f*lling due after morn thAn one yeAr Note 13 2.641 4.210 £1,003.576 £1,103.307 Rq)r¢scntin8.' FUNDS Restrilxal Funds UnTe5tridoJ Fund5 Note 14 1.003.576 1.103,307 £1.003,576 £1.103,307 Si8nd on behalf of the EX￿lIve Counol.. Mr Luke Mo￿h {Ch￿r) Appft)vol by the EX￿￿tIVe Coun(yl.. 2025

THED STO CCOIJNfs AST AT ACCOIJNNNG POLI(XES BR818 of Atwunllng Statallalt of liV))M￿ P(a(lÉ¢¢opplic4bl¢ to ¢lwities ptViD8 thar 84x)U￿ts in wlth the Fin8tt¢i21 Rwtting Stslld￿d appli￿+1¢ in the UK ond Rqthllc of tTrlzlld (FRS1021 AsBd8 ]ibilitie8 Initialty Bt bistorical kx>8t or ti&tsaLton valueufjlt8s Oth￿¥1$¢ statat io th¢ kd¢Yant PDIicy. TheTTWtea do not LY>nsidtE thuEto have ￿Y signifi￿rt judgtll￿ts ID applyi￿ the taThntifjg poliixts bElow, noT that thu¢ aty sigoificellt thtimation involved in th prwtr&ion of the aw)unti ilwt Tawir¢ disdoswa Pryar8llon of the aceovllts oll 4 g•lng basffis Th¢Fxgwtiv¢ cou￿11 ￿n￿ld# that th¢L8tsty suffiLieni to wabl¢ it to opuatefor th6 fo￿table wd kavv th¢ on the b&sis that the 18 a goiug LY)llWtL T4nglbl¢ Flxed ibl¢ fixal a6¢ts o)6ting up to £1.500 ehtt8ts1 against In¢￿j}e1ll th¢ Y￿ ofpurth& As8&s ovu that valuè ate AmOrtis&l 8t th¢ rth of 33Vo of original a)8t puannwu in ￿tst0 Mite off the Ly)st of fix￿1 assds theiT estimated ￿tFUl eKonomic lives. InvtslTtt￿ts arp 5hoThn valua Realisfyl and uJJre41i&al gal￿ I(￿ on iELve8ttllwts a th{bUt￿ to thè fjjnd ID th¢lnv8stm￿ts held In view ofth¢mialm￿ valuA and tlLe tst purthase8 ate iAtaMled to be sold witbin Sil Tnonths of plltth88i hw• that th¢cost of 811 purths off in the y ADDual SubsttoDS 8Dd InvalmentJntomB lafe MgDb¢TFblp SubJcrlpdoD6 These tsk￿ into incorne oY¢x 12.5 yffjts. Thtst& wltlLthrw the of lif¢manbttthip sub5QiPtions th¢ yw201VI9. IknatioDs Iw¢it4 are ir¥Audtsl on¢% 1¢ 1$ mOD&bly Lthaiu thHt thry will bert￿&v• 8ud th#iDo)m• w b¢ ￿lably. Int•JDe T8x Rttoverabie in the yw vknich the]att￿knbeth Expendltsre All exp•diti￿lS 74￿U￿t￿l for on Its a02uals b&%is Bud bem ¢1&5ifiul wHkrh&iw that a88rwte 811 wst8 rdllt￿ to the ￿tegOry. Bxpoditwe is I￿ognIs￿Wh￿Oa) th￿¢ i8 a le821 or o)Dslnth obligation to makepaymthts to third pati￿ b) it ts pft)bable that 84tlqryfflt will be rqwirnj. F) tho wnoullt of theobliion ￿ b¢ masur¢d ￿l¥bfy. Crants Payable Gr8nt8 ptyable to Swlisbwy (tltE dwity8 801¢ 9t¢ only in fo]filmat ofth¢ d￿lty8 obja%& wb￿ have beth by the CheJrnl and appmval by th¢ Th Funds Unofjtiirted 6md8'. thth• arp4vailable foruse at the dis￿&10￿ ofthc t￿￿ttt8 in fartbU￿ orth# (knie£ts of the (knity end whith knve Dot tsignthl for any othspwpo Regttlct&l F￿ndS.. donottOn$ ond for ￿p￿fiCI¢str1rt￿ pwiosa within th?LaEity'8 (ieds &8 fiwds. Any iti(thne end investment Bain8 or low arising on 8 rt8tiiL%ed futtd •ttiibutd to that fitn

E￿kn1 O Hr. FR V CATH OTES TO THE ACCOUNFS cor4TINUED Accol￿rING POLICIES (continued) FiLanciat The d)grity only financial assels of a kind qualify as basi¢ fiJJall12al in8tEutnents. They ate initia]ly r￿)g￿ls￿ at cost of ¥ui8itton and subsquthtly rttognisoj at their markttt vaiuo Employment bellefits The Ch￿ity eontiibution plan for thebaTrtht of its anployeo4. Contiibutions are pthsed &8 thLy b￿Orne payabl& Rrntals payabl¢ and I￿1vable under opwing gre to the SOFA on a 5tiaigbt line b&%is ovu the p•iod of the lease. DONATIONS AfqD LEGACIES 2025 2024 Subscriptions (Induding GiftAid) CathalTrt Chai¥3 app Oth£r donations Uniestiide Restsi¢t 50,669 4.381 7,741 66.697 52,861 2,875 53.618 104,938 Legaoes: 129,488 £214,292 INCOME FROM TRADING ACTIVITIES ltt¢om¢ from ffunning evait5 In￿)rne from sale of goods 12.603 1,315 25,079 1,618 £13.918 £26,697 INVESTMEiYf INCOMK 025 2024 DividP￿ds from listd Investm￿¢S Bank intue5t 29.339 18.238 30,234 10.141 £47.577 £40,375 COST OF GENERATING FUPIDS Cost of Volullt￿ ioeome.. Cost of njnrting ev￿tS Cost of ¥oods for sale Spire M88azine aod M#llbu8' A¢wsldtQ5 2￿25 5,050 1,062 5,325 8.160 956 11400 11,443 21.576 Support (x)sts: Staff LX)8t8 (80Yo} Postag¢ printing and stationay Otha- office L¥)5ts 31.127 5,360 18,862 23.835 1.416 11707 55.349 37.958 8UpF￿ staff ¢￿tS (2￿fi) lndeiknd￿1 Examin&8 fee 7.782 1,500 9.282 5.959 I,iio 76,073 66,603

Page 11

THE FRIENDS OF SALISBURY CATHEDRAL NOTES TO THE ACCOUNTS (CONTINUED) AS AT 31 MARCH 2025

5. GRANTS PAYABLE TO SALISBURY CATHEDRAL

Internal re-lamping Chamber organ Cathedral Flowers New Altars	Grants payable as at 1 April 2024 - 22,500 - - 22,500 £	Approved/ (Released) during the year 200,000 - £200,000	Paid during the year 200,000 22,500 - - £222,500	Grants Payable at 31 March 2025 - - - - - £	Payable in 2024 - - 4,000 100,000 104,000

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

6. ANALYSIS OF GOVERNANCE AND SUPPORT COSTS

The charity is administered by two employees reporting to the Executive Council. As shown in 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 2025 was 2 (2024 - 2.4).

No employee received benefits of more than £60,000 in either year.

7. TANGIBLE FIXED ASSETS

Cost

Depreciation

Net book value

At 1 April 2024 Additions during the year Disposals At 31 March 2025 At 1 April 2024 Charge for the year Disposals At 31 March 2025 At 31 March 2025 At 31 March 2024	Office Equipment
	18,184 - -
	18,184
	16,687 659 -
	17,346
	838 £
	1,497 £

Pa e12 F SAIJSBtJRY THEA UNTS ASAT TE & ThVESTMEFnS Mark& v￿ve at l ApTiI 854.121 773.648 Disposals N& rniisd and ujllraiiwl loAs thrring ye4r v￿ve at 31 M￿h (200.000) 0£640) 639.481 80,473 £854.121 Cost st 31 MgJth £521.544 £623.997 The invfslmort8 a)n8i81 ofrLanapl With uttdttlyiti8 iLvestments itiUK thd ovexseas and bBnk t￿ury dqx)Bits. T￿lufA ￿ thw wnark& Pri￿ in atL *iv¢Trark¢t. Th¢boldiDg3 at the ofth¢ y¢w cC￿- CBF Globgj Equity Fund M&G Switie6. CbarifjJEd 337,559 301.922 564,572 289.549 £639.481 £854.121 STOCK Goods for The w￿Unt thwg•J 91 att in the w&8 £1.062 (2024: £956% 10. DEBTORS Tnwm¢ TaT 1r￿￿Valb1e Othtt debtotl ￿lvable 2.054 4631 33,166 3.459 3.480 37,5 43.310 £51,274 11. CASH AT BANK AND IN HAND 4.129 12.066 50.000 262.613 395 10.100 16.419 . CAF B￿k rjwsit ￿￿t. Lloyd8 B Dwit ¥LXMmt. C￿tTr1 Boyd oeFinNK P&tyi J4.451 329.803 £231.018 11 CREDITOAS -A[no￿nts f8lltRg du¢ Onoyfar 523 836 22.50Q 5.868 1,831 1122 1,570 Iif¢mullbu5hip &ubs(xiNion8 .215 £31.035

CfOUNTS 13. CREDITORS: talthig due atler moTr than oneyar 2025 202 lifrm4ynbry&hip sub5uiptions 1641 4.210 £2.641 £4.210 Tothi Balance at l Aptil 2(U4 Net imC4)m¢ brfoR gmts onts to s￿l&bury Cath Rd15￿] and unl￿115￿1105ss OIE tiiv¥im•t 1.103.307 1.103.307 114.909 114.909 1200.000) {2￿.(￿) {14.640) 04,640) B8l¥Lo al 31 M&dk2025 £I,(X)3,576 £E.IX)3.576 Balall(• at l April 2Q23 in¢orn¢ b¢r￿ gmts lo s￿iSb￿Y Cth4ral 911073 21£761 (104.0￿} 80,473 912.073 214,761 {104.WJ) 80,473 £1,103,307 £1.I03.307 BalaL￿ at 31 2024 I& REMIJNERATION OF EMPLOYEES AND INDEPENDE1￿ EXAMINER The A5sori41ion had waploytts awged in adminÈstr&ioD duting the yor. Totsl rniuotyatiott paid in 2025 w&8 £36,901 (2024: £28.461lThe Asso(7ation pa&d p￿￿on a>nthThution8 of £729 itt 2025 (2024 £1731 Duti08 th¢ yeerthe knoo8tion sxnti0u￿ to #igage a Self anployal ¢¥)ntrdrtorlo undtttAk¢ book.kwing wo& &8 rquirat Tho involvoj 18 includol with'8t8ff in th¢Notes to the ALx))uDt& Th# fee8 paid to tbe BX&nI￿ the yearwtte£l.110 and an p&vual of£l.S(KJ h&5 16. OPERATING LRASRS As Bt 31st 2025 the totsl of minimum le•8¢ utttsnoDaLdlable opa*ing W io resp￿1 orth¢ Fa￿.8 offlcK5 follow5: 2025 1375 2.375 9.5( 9.5fy) IQ031 18. 27.906 30.281 Th¢ a5 w axpoiqe ittth¢ patod 4375 (2024: £2.3751

e14 TH TE AT 17. RELATED PARTY TRANSA￿loNs The ofth¢ Exevjtive Cout￿1 r&IV￿ no [?￿￿[1￿#10￿ ia 2024 OT 2025. No manby5 rtimbujsed tsavd ￿￿Se& (2024.. £nill In 21r25, no Iw8tw r￿kUn¥I00{2024 £3.235). The Friwds wt ￿ offi&w from the C*hthl. th¢ Fii4Jds rnt aod Wility costs on l¥￿DIn￿OI1 Th¢ Catbedrdl also ho8ts th¢ Frifflth ￿ infiA5truduff vrithout IL PROVISIONS, CY)NfiNcEiYf LIABILITIES AND CAPITAL COMMITMKNTS ThaBWaEnO PTOViSiDD5, L%)ntin￿l liJbilitie8 ty witsl in th¢ Q024: £nil).