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&[ AL*ivities 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 Dit*iDSLYt
The Very RvPdDttdc W*80n
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 th*EI￿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 obja*s by makin8 W to SAlisbvry C*b4Jrni to fjjnd pthioAtrprojtt*8.
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 D*uraily 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￿ £104,01*1
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 D*8FAqe 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 d*Friod8 amount&1 to £1.(￿.576 C2024: £1.IWJ.3071
PlaDY forFlltyre Perlodg
Itt p4JditioL to ￿p￿thrt8 ￿*8 datab*4 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 AL*ivitif6
ornnts￿y￿l1sR￿yc*thCdrnl
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 aL*tviti
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&tsaL*ton valueufjlt8s Oth￿¥1$¢ statat io th¢
kd¢Yant PDIicy.
TheTTWtea do not LY>nsidtE thuEto have ￿Y signifi￿rt judgtll￿ts ID applyi￿ the
taThntifjg poliixts bElow, noT that thu¢ aty sigoificellt thtimation involved in th
prwtr&ion of the aw)unti ilwt Tawir¢ disdoswa
Pryar8llon of the aceovllts oll 4 g•lng basffis
Th¢Fxgwtiv¢ cou￿11 ￿n￿ld# that th¢L*8tsty suffiLieni to wabl¢ it to opuatefor th6
fo￿table wd kavv th¢ on the b&sis that the 18 a goiug LY)llWtL
T4nglbl¢ Flxed
ibl¢ fixal a6¢ts o)6ting up to £1.500 ehtt8ts1 against In¢￿j}e1ll th¢ Y￿ ofpurth& As8&s
ovu that valuè ate AmOrtis&l 8t th¢ rth of 33Vo of original a)8t puannwu in ￿tst0 Mite off the Ly)st
of fix￿1 assds theiT estimated ￿tFUl eKonomic lives.
InvtslTtt￿ts
arp 5hoThn valua Realisfyl and uJJre41i&al gal￿ I(￿ on iELve8ttllwts a
th{bUt￿ to thè fjjnd ID th¢lnv8stm￿ts held
In view ofth¢mialm￿ valuA and tlLe tst purthase8 ate iAtaMled to be sold witbin
Sil Tnonths of plltth88i hw• that th¢cost of 811 purths off in the y
ADDual Subs*ttoDS 8Dd InvalmentJntomB
lafe MgDb¢TFblp SubJcrlpdoD6
These tsk￿ into incorne oY¢x 12.5 yffjts. Thtst*& wltlLthrw the of lif¢manbttthip
sub5QiPtions th¢ yw201VI9.
IknatioDs Iw¢it4 are ir¥Audtsl on¢% 1¢ 1$ 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 theobli*ion ￿ 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 C*heJrnl 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?L*aEity'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<br>Chamber organ<br>Cathedral Flowers<br>New Altars|Grants<br>payable as at<br>1 April 2024<br>-<br>22,500<br>-<br>-<br>22,500<br>£|Approved/<br>(Released)<br>during the<br>year<br>200,000<br>-<br>£200,000|Paid during<br>the year<br>200,000<br>22,500<br>-<br>-<br>£222,500|Grants<br>Payable at<br>31 March<br>2025<br>-<br>-<br>-<br>-<br>-<br>£|Payable in<br>2024<br>-<br>-<br>4,000<br>100,000<br>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<br>Additions during the year<br>Disposals<br>At 31 March 2025<br>At 1 April 2024<br>Charge for the year<br>Disposals<br>At 31 March 2025<br>At 31 March 2025<br>At 31 March 2024|Office<br>Equipment|
|---|---|
||18,184<br>-<br>-|
||18,184|
||16,687<br>659<br>-|
||17,346|
||838<br>£|
||1,497<br>£|





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 S*witie6. 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 sx*nti0u￿ 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).