THEASSOCIATION OF THE
FRIENDS OF THE SALISBURY CATHEDRAL
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026

THE ASSOCIATION OF ThE FRIEND5 OF THE SALISBURY CATHEDRAL
CHARITY INFQRMAMON
FOR THE YEAR ENDEO 31 MARCH 2026
Patron8
The Rt Retrd the L￿d Bishop of Salisbury
Lcid Lieutenanl ¢f Dorsel
HM Lord Lieulenanlof WI￿Shire
Pr451dent
The V￿Y Rerfd the Deanof Saisbwy
ce Pmldents
The Very Rev'd Derek Watson
The Rt Revd June Osbcffn
Thè Maycw of Salisbury
The Leathrol sals￿ ()ty Q)uTh
Ll Col H Kealinge OBE
C*in Duncan (a&$5 OBE
M*nbwY oftha Execuuve Coun¢il:
Elected Honprary Member8
Mrc Barnard
MrJKety
Mr N C Ws FCA ACIB
L Marh OBE DL
IArs L
MPWIII
Chipt•rfs Nominee
Revd Canon K Pathey
hdeaconry R¢pre$8fttats¥¢5
Wi
Captain D Glass OBE
Mfs L Walis
Mrm Joseph
Drc Hamn
Hon¥wy Chair
Mr Luke MarGh
Office Holdw8
Mr N C LeMs FCA ACIB
Mr D Brown OBE
IbnoTaryTrea5uier
Mfrmlvship Secretsry
Mrs N Majkn)
Charttyrew8tratson
England and Wdes
243439
l￿dont Examfllqr
CQTe (Southl LLP
Lloyds B￿k PIC S&sb
38 Blue ￿ Row
saisbury
SPI IOB

THE ASSOCIATION OF THE FIIENDS OF THE SAUSBURY CATHEDRAL
CHARITY INFORMATiON
FOR THE YEAR ENDED 31 IrtARCH 2026
CAF Bart Limited
24 Kings Hill Avenue
Kings Hill
Wesl Mal'ng
Kent
ME19Ua
Trlicitors
P*ket B￿len
8 Newbury Street
Andover
Hanwshire
SPI0 IDW

THE ASSOCIATION OF THE FRIENOS OF THE SALISBURY CATHEDRAL
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
CONTENTS
Tfustsès Re￿t
Independent Examinerfs ReF#Jt
R￿￿pts ar4J PayThntsAc¢ount
S&*mentofAssets and Llthlties
10

THE AssoaAMON OF THE FRIENDS OF ThE SAUSBURY CATHEDRAL
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The Members cl Exeurtive C￿n￿l presentth&i annua reportwith the ￿)Unts of the AswAation for Ihe year ended 31 Ma￿h 2026,
whKh have been wepared to Gunpty wlh tK8 provisions ofthe Chatities Act2011 the Ststeft*nl of Recoftvnenthd Pr&tice'. Accounting
nd Reporting by Charibes IFRS1021.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitvllon and Ch¥ttable Staty$
FOM￿ in 1930 as an Ass(xiabDn of Membws. known a5 'Friends' lof wkni there are now some 2,500 wo[1th￿de1, The Frienrfs is an
independent, unincoTporat8d charity regisler8d Yrilhthe Chafjty C(Mnmissioti, nwllber 243439. Itis goveffEd by a ConstitutEon,1&8lupd*ed in
2024.
GOVERNANCE
The Dean is Presidentof the Frlends 2nd the ¢￿arity is govemed by a Courril ¢omprlsitLg up to15 tru5tse&
(Mts15tsustees (Including Chairand Hon¢)raryTreasureT}. stx T[￿stee8 a￿ diredyelected by the nkmtwslmp of The Friends andseNe lor
iods olfouryears. The Ch*r of Salisbury Cathedral nominatss a Trustee lo the Council, and t￿? knhdexons of Dorset arKI Wiltshire
nominats Trustees each on behalf of th8 fknese of Salisbury. There 15 dso a prO￿￿On vithin the Constitution to ¢wt up to three
add￿Onal Trusk&s on ￿ annua ba&s.
All new rnemters ¥e wovided with an Introduction to the Otyecbw sct)pe and pol￿eS of the A8￿￿atIOn, Chwity Comnissbn
informabonon tr￿Stee re8pcffjsLHliliesandGcpi250fthepreviou$thregyews'Annual ReportsandAcv)untstogelherbvith acopyoftsCh8rfVs
CO￿lt￿￿on.
Thwe is reg￿￿dI￿gUe w￿1 Cah8dral officetsto ensure an effe¢tiv8worknng Rl*tJ)slw. to enth properevau*ion of ￿ant￿plIcalon$,
and to ensure inwknientation 010￿e grants in conjunction ￿￿th the Cathethl.
OBJECTIVESAt4DACTMTIES
The Charws Ofyects are..
To suppt)rt Ihe Chapter ofSalislAJry Cafhedrnl in M￿ntaInIng Ampmmg and enhwK¥ig the f8tsto rrftings. omaments, fijmlure,
muslc andrnonumths oflh& c81hedra1andfow￿rtrts lile. a]dmin￿ty.
These Objects ae xhieved byfflthrtg s¥a￿st0 the CathedratknprwtswhKh Chaptwpuik>tw¥d tothe F￿ndS for¢An￿deralI)n. Thos8
projects are sUty￿tt0 scrutiny by Fr￿nds'T￿sIee$and, rfappffjved, ￿e funded byin¢cffle froffilegaci4 don￿0￿ In¥ethntirKome.
nEmbeis' subscfiptions.
The ffirsl 30 yw of ￿ F￿ends, existence were disastrous: war, panderrmo depression ￿ant that very lilue funding was avallable to
CatI￿dra7& Like many medieval buildings, Saisbury Cathedrat was in urgent r￿d of repair and upkeep. Those exteml lactots seern all too
tanwliatodar. henc* the ft￿d forthe Friend5 is as pressing a5 evw.
Wlilsl the Ch￿ty8￿sts to S￿￿tS8115bury cath￿Ir￿, its go￿anCe and managwnentis wholy independentofthe Cathodra.

THE ASSOCIATION OF THE FRIENDS OF THE SAUSBURY CATHEDRAL
TRUSTEES ANNUAL REPORT
FOR TtrE YEAR ENDED 31 MARCH 2026
MEMBERSHIP
On payTnenl ofan annual fee, Frfend$ ￿e offffed free access to the CathedT4 a CCf¢y of SPIRE. the Friendg Annual Report and Accounts,
and the Easterand Christnas New¥etters. Friends dso re¢elve 1nvlta1ior￿ to iegular SOGII events, and to FAendg Day, the Annua Gener
Meètng and L¢¢ture in the Cahadral during September.
ACTIVITIES ANDACHIEVEMENTS
The irnptementaffon ol a new n￿mL￿Shlp database (provided by 8eax)nl tR% enabled u5 to (¢)erate more elft(¥enly, offering inymved
rn0mb6r admini5trali)n, evantfflatHgernont and anatysi&
&mIl￿Y,the [mpkn)entsti￿0fa new digita &counting system has ydy*mplfiedlhe mWrtetw￿@Ol0urac¢0Ullting records ￿dffinan￿
rep￿￿n9 toTnthes a)d prep&atton Offfin￿￿a stateThnts.
()Jr events have provedvery popular. the yearttganwith a visitto Wir￿heSter0n IstApril 2025. atteThled by45 rnenknTS FrieThk
during which we re￿We￿ ow rdaionship viththe Ftsends of Winchestércathedral.
In May 2025, Seuel Gardens ofthe Close (when many private Uose gardens ￿C9ened forthe benefftof Frtends, fijnd rasing} retLYned
its ninth year. SO￿ 1,500 fftjple attended, m*ing il a record-tsieaking year- ia%ng over £15.oC￿l.
The Annua GetRral Meeting and F￿ndS Day in Septernberwas altended by120 John Inge gave ￿ ￿lightenIngtalk Fath
in PIK8, I¢￿k)Wed by aftwnooTr tea in the Cathedra a￿SterS afKI Even50ng.
In M)vemt*r, we held ourarfflua Chair Cetfft)ny during wh￿h 24chairs wwe bknd. The eventenabks fthlles lomake a thJnalK)n lo Ihe
Frlends and name a Cathedral Chair in celebralion of loved on4 past a)d presert
The Frfends ¢xganised a of coffee n￿rningS in the Bdl Tower Tea ROO￿ T1￿ W￿￿attended e￿nts have fostweil a strong
sense ofccfflmunty have reS￿tad in donabons of over £1,(KKI to dats.
In January 202Q the Frteftds hosted another Desert Island Discs evening-tNs Farthe Revd Maggie Gull8baud was ￿[￿lY wsualed to
reved her fa￿)￿ts tures by C￿n Tkn Da>knn. k *ith al our event& such evenings hdp to twild frlendships and ertcour￿ new
connectio￿.
FthA1￿ events itKlude a¥fytto Wthe Mitth, tho Friend¥ tsnth S8CTrt GanI￿even[ and a coftlinuation OfF￿dS. Coffee klornlngs.

THE ASSOCiAIION OF THE FIOENDS OF THE SAUSBURY CATrIEDRAL
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2028
FUTURE PLANS
Amngsi tts prtn￿pa alm& plans to In￿aSe Frlends, n*mbership by enCO￿agIng otft memb¥ship. CtyJn¢il vrill aso pron￿ the
Friends, Objth grantsto the Cathedral, andth&vitsl roleofdonth'onsand leg￿￿S Iwhlch, logether, promdethegreaterpwtofgrantsmadel.
VOLUNTEERS
We are rndebtedand enomKsu51ygratèfulto the many Frientswho have giveft ofthartime lothe Chalty durfng theye¥-stuffing envdop
delivwing mail, baling ¢akes. setving washing up atcoffee nvjrnings. and assisting on tryis- our grateful thanks to one and alll
CHANGE IN PRESENTATION OFTHE CHARl￿SACCOUNTs
This year. the Frients have &*en advankge of Charity Accounting guidan¢e to sinwlify the present*on of lis *￿unts. The incomè and
expenses shownin IPIS yeaffs artounts are the &iual in￿rne and expenses received and expeftded from our b3mk xcounts dunno the year.
To comply fhe guidancq the cornpwative figures for 2025 have been resiated so that, likewise, they 0￿Y thow the actual irtome and
expenses in the year. This sinwlifKation will W to save costs invotved in prepwing the account&
LEGACIES and DONAIIONS
From the olour ho*ts, thank Friends and Donors who have generousty provide adthbona finanaa suppwl to ￿ Fflends durfftg
the ye¥and th)sewho have ￿(￿Nnated the Friends as a ber*fiC[￿ Wrfl&
Many Friends VAH be aw£re thatth6 rnain IHT rate of 40% is redwd to 36% when the tot4 Eaate ch8ritabb 10% or mcKe of the net
value of an Estsle. The net effect on other benefKiaries of ¢haitable grving is Ihat thp value of an Estate alter IKr 15 0[￿Y m￿gInalY
reduced when 10% ol an Estste is given to ¢￿ty. We vw much hopè that as many Friends as possible will CA)nslder remembwlng the
Firends in IheirWll& H'storKaly, tewestsfund the greaterour ￿ants to the Calh8dra and so ar8 a Mtal sc4Jr¢e offunding.
FINANCES (Ye¥ended 31.120261
Total amount reGeived from was £189,570 excluthng the proceeds from sale ofinvesbnen& compared y￿th £202.555 in 2025.
tntota, £59,563 P1'A)olthe Chwws Inwme¢omp¥6d wth £71,031 (3￿) in ￿.
ExpeTxlihJre {exdudNig gf8nts}w&s £74,313 (2025 £81,270).
Atth6year end, Investfi￿nts tOt1￿d £566,999 (2025 £639,551) and cash baarKes were £455.56512025 £329.801

THE ASSOCIATION OF THE FWENDS OF THE &4USBURY CATHEDRAL
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 h14RCH 2026
RESERVES AND114VESTMEMT POUCY
Th&ch￿ty[nVesi9ln¢Ome nolimmediatetyre(g#redfu granl-rn*ing. This is n8¢essary be¢ausethereis alway5 an intervd betw*n receTFI
ofdonations kgaGie5 and the eventual fulfrf1￿entofo￿r principa oLi￿t the mthng ofgrants to the Cathedr4.
Turbulence in markets increased ygnifjcantly duting the year. ThaL of couts&. presented 11 Cha￿eS which hdd cash and
investrpnts vAth s(gnificaRI chalenges. On the one hand, leaving too much in ¢&h risks inflabonay erosion.. on the other. the vdue (
nvested fvnds i£ exposed to the vagarie5 ofthe rn4ket& Hence the ¢ieed fw weat Ca￿ overourresetves and underfyinu Inveslments.
In 2026, Council again roM8wed tho Chari￿S reseNes, inveslmenls and cash hddings. They also conducted a detaled ￿￿ys1$ ol the
Ch¥ritYs investrtRnts' perf0M￿￿ followed byinviÉabon5 to potenlJ 811emabve inveslmenl martagers.
Despite the high oudity of Ihe presentsbons made, Council cortluded that and reinvesliro funds during a wiod of conslderatle
volablitywould havg been urmise.
Counthl aso deci&d thRt a broathy one-thlrd 4)Rt tthieen cash, n*dium and long te￿ funds remans ¥propti*. Nonetheless, shotly
before the outbrea( of the Usnran confiict, we parfty'de-rfsked, our US holdings {W￿¢b had not perform8d wdll by adding £100.￿Olo our
cash hddlngs {nw)siofwhi¢h UK Base r*).
An irfftase in cash holdings is also appr￿riaLe in the lightof wb'cip8ted Cthdra grant req￿o￿the ftext 12 to 24montl
As thay5, our ￿ 15 to exp￿￿ ￿8Se￿eS {donaknns and bequests), by way ofgrantslollE C8tre(*a, atthe earlest opporiunty.
IMPACT
In tows valw, over the past nine years, 8vwage wnual (k*nalw and ￿￿leS recwed tr(￿ Friends were over £147,000 and annu
bD￿nt ir1)y￿WaS £36,lJCQ. On same grants to the Cathedra were £170,000
Thanksto Friends, genetosity, ￿nce¢jUrIOuAdatrj￿ in1930, in tcrfjaYsr￿MY, the Ffkndshaveththd fteaty£14,(K(I,OOOto thecathedrd.
In svftmn￿. this ¢cthprfsett
£5,0￿,000
£1.gCKJ,000
600.000
£2.8￿,000
£6frJ,000
Worship and Music
Heaing, Lighting, Sc4Jnd
Congregationa &Mstior faulibes
This has made a rfrffer￿I0the tnaintenance and pre￿Il0n of Salisbury Cathedrafor*thlchtheTrustees and the c*hedr￿ artsa
grateful.

THE ASSOCIATION OF THE FRIENDS OF THE SAUSBURY CATHEDRAL
TRUSTEES ANNUAL REPORT
FOR ThE YEAR ENDED 31 MARCH 2026
GRANTS TO THE CATHEDRAL
During theyea, Ihtscharity approved orants iotlling £114,500. These compri*
SONJ Scheol Piano
Perfomiano fighting
Turret Safety handrals
Security ra(los
Cutbng &rden
£20,000
£41.162
£9.638
£18,695
£25.000 Ilhts granlwas pad 26-271
OVERALLFINANCIAL POSITION
The financial po￿￿0￿ of the C￿ty continues lo be good despile continuing thfficull ecorK)mic knes. The comitr￿1 cl ow stsff. sut
comrniltees and CouKil ofTiustee& ￿MIn$ undinNnished whlch augurswdl lor another successfvl year.
We continuelowrkcbsety with the Cathedral and klokfo￿ard to announ¢irMJ Grants in 2027 and teyond.
KEY RESKS
The key risks lo wh￿h the thaTty is 8xposed we wurity of d& rnaintsining aThJ incre￿ng numb8ts, maintaining the of
donations and legacies and the protectionof inveslmenlfunds pending ￿antpaYfflents. The Trustees are c0Tr5tsnOy reviewing and ything
to rninirnise thech￿ty5 exposure to thesè rlsks. Examp16s ofthe lattw incluts the investment in a new and enhanced database wh￿h has
far hlgher18velsof wotscbon than fl* previous rxrtdated vergon aThJ constanl reTr￿1 of ourreseNes policy inve5tsnents.
PUBUC BENEFIT
The Trustees c£fflfimi thatlhey hwe Cfjnplkd Imth Ihe duty in secbon 17 ofthe Charibes Act2011 to have due regard to the benefit
giidance published by the Ch&ity C￿)mISsIOn.
INDEPENDENT EXAMINERS
Follovring a rewivw of p0S￿tIe provideTS the Courril approved the 4F#intrnent of Moore S￿th LLP as the Awiabon's inthFendent
examners.

THE ASSOCIATION OF THE FRIENDS OF THE SALISBURY CATHEDRAL
TrUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2026
STATEMENT OF TRUSTEES RESPONSIBIUTIES
Thg m8mbeTsolthe ExeGubve C￿nGll ￿e resp￿ible for prepatingthw RepLYiand the finan￿91St￿me￿s in xrJ)Yda￿With ¥plicaLle
law aTrJ UnNed Kingdom Generaty Accepted AcGounting Pr&*
Charity law requires the rneTr*rs ofthe Executive ￿UnCl1 to prep*e finwcia statwn8nts, for 8ach fjnarKia year, which give alJue and
farMew0ftheAs￿Iations finanrAal aGtivities dwiftg the year and thefinancEa pOS￿0￿0f￿2A￿￿1ation attheend0flheYe￿. Inweparing
these ststanwts the mernbers ofthe Counsil Je required to:
Selectsiitable accounling policies and then £pplythem consistsnoy.
Makejudgernents and estimateslhat¥e reason2Ne prudent.
State whether applicable accounting stand¥ds and St*e￿nts recommended PfaGtice have ljeen frjibwed, sUt¥￿t to any
departure5 diEdosed atkl explained in the financia Stat￿entS
Preparethe ￿OUnts the going Cx>[￿l bws unlessitisinappropriateto preSum8thatlheAsS￿a10n VAII ¢onbnue tooperate.
The rrthiteTS olthe Council [Espon￿bI8 keeping proper accnunbng l￿dS wh￿h disdose with reas(Nwbk the fill￿¢5
posthon ofthe As￿aabon and which enable tkn lo ensure that the financia statements corwly with the PWSk)ns of the Chaittes A¢t
2011. They are aso responslble for safeguarding assets ofthe ￿￿￿b0¢) and hen¢e for reason￿￿ s* for preventJ)n
and delectioTr offraud and other i￿egula￿tieS.
&gned on b8h4fofth8 ExeGubv8 Counsil:
(OLA-
LL*fi March OBE DL (Chwil
NKholas L6wris FCA ACIB (Hon TRasuTer)
Dat& l£.bloL

INDEPENDENTEXAMINER'S REPORTTO
THE ASSOCIAMON OF THE FRIENDS OF THE SALISBURY CATHEDRAL
Independent Eyaminerfs Reporttothe Trustees ofThe AssoclatlDn of the Friends of Salisbwy Cathedral
I reFK)rt to the charitytruste8s on my examination oftsp &￿Unts ofth8 chwity f￿the year endal 31 March 2026.
R•sponsIbl￿1185 and basls of report
the Ch￿ty5 InJ51ees, you ￿ rtsspongble preparthn of the W￿unts in Kcordance I￿1h the requiren%nts ofthE Charibes A
2011 Dhe ACYI.
I teportin respeclof my exaMinab￿l ofth8 ￿Unts carrted outunder section 145 ofthe Act and in c￿Ing out rny exanNTration I
have frllwd al ￿ appkGable Diredtons given by Ihe Charity Cor(Ynissiotr unttersection 745151(b) dthe Aci
I have ojmpleted my exaMinati(ML l ¢onfimi that no matsrial mater5 have (l￿ to thnikiD in Connecti￿ with the examinalpjfi gi￿ng
m8 cause lo b￿eVe Ih8t bn any maleria resp￿.
acKounllng words we notkeptin respect oflhe charity as reipjlred by ￿OnI30 oftheAcL' or
2. the w)unts do nOtar￿[d wrththO￿ recwds.
concer
n order
and ha
atrle a
me across no Oth￿ matters in co￿r￿tion with Ihe ewfiination to which atte1th￿t sho￿￿ be dwm in this
er ￿derstsn[firrfJ ￿the wA)untsto te reached.
rep
FtoL*rtM&th)n*J FCCA
Moore (South) LLP
Chartered ACCO￿1*
33 The Claren(kn Centre
s￿￿bUry Bus1r￿S Patk
S*bury. Wttshwe SP12TJ
30 Ju(w.&)26

THE ASSOGLA710N OF THE FRtENDS OF THE SAUSBURY CATHEDRAL
RECEIPTS AND PAYMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2026
2025
Unrestrlct4d
lllnds
Tot81 funds
Totalfund$
Notest
INCOMING RESOURCES
tlonations and legade¥
Membwship subsLirptrons
Donations
Donation Gh&rs
LegaGies
ftid
Income from lundraising
Event inc(m
Olher inccffi8
Inveslment Incorne
Bank interest
Investrnenl iw
Other
Proceeds Ir￿ saTe ofinvesknwtts
43.489
13,193
4,534
59,563
6,574
41,233
7,741
4.381
71.031
1&3*3
13,193
4,534
59,563
6,574
19,663
1,173
19.663
1.173
12,2WJ
1,315
13,756
27,625
13.756
27,625
18,461
27,704
Tot4
289.570
289,570
402.555
EXPENDITURE
Charitable a¢tivlUes
(>anls pad
Support ¢osts
Wages and sl
Staff traning welfare
Advertising
Spire nevAett
89,495
222,5
39,868
2,192
274
11,073
4,668
4,666
692
4,883
1,225
1,320
38.811
2,192
274
11,073
6,748
10.377
5.736
1.C67
8.403
1,722
1.110
RenL rates and electrk
Insufan
Ots expenses
Bank ch¥ges
countancy
Expenditure lorralslng funds
Event costs
())odsfoT res*
1,225
2.893
559
2,893
6.876
420
Totsl
NET INCQMEIIEXPENDITURE)
125.762
125,762
98.785
RECONCIUATION OF FUNDS
Balanco brought forward
329.803
329,
231.018
BALANCE CARRIED FQRWARD
455,￿5

THE ASSOCIATION OF THE FRIENDS OF THE SAUSBURY CATHEDRAL
STATEMENT OF ASSETS AND UABIUT]ES
AS AT 31 MARCH 2D26
2025
Tolal funds
Total funds
Not08
CURRENT ASSETS
Cash ori d8pos¢ ¢Uffenl aGL))unts
atvj in hatKI
32&803
INVESTMENTS
Managed FuThts
566,g99
631551
Tota
1,OT2,564
961354
FUNDS
Lknrestrckd Funds
Restr¢ted FuN]s
tksigftated F￿dS
1,OY2,564
961354
969,354
p￿Ved bythe Trustees l? . & . La
and stgned ontheir behal by
r Luke OBE DL {Chwrl
Ni¢ho]as FCA ACIB (FknTreasurerl

THE ASSOCIATION OF THE FRIENDS OF THE SALISBURYCATHEORAL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
ACCOUNTING POLICIES
JI incomè and expen(tituie are accounted h)r on a receipts and payments basi5.
RELATED PARTY TRANSACTIONS
No Trustees Icounol Metnbersl rec￿￿ ￿Y remUn￿alK$n in eithw 2025 or 2026, neknrw8re any eypenses paid lo them.
FINANCIAL COMMITMENTS
Al Lhe year end, the Charity had no (x)nting￿l liabili11g&
CASH
In 2tr26 and 2025, the baJ￿(￿S hekt and interest r*5 paKI were as foitows..
2025
£262,613
£4,129
£50,0
£12.666
£395
£329.803
Churth of England Deposil Fund
Uoyds Bank Current Account
Lloyds Bank Deposit Aco)unl
Charities, Aid Foundalion
Cash in hand
Total Cash Doposits
£426,105
£4,875
£21,240
£3,187
£158
£455.565
UK Base Ra
0.95%
0%
INVESTMENTS
The Charity holds investments in th managed funds..
-The CCLA Investtnents Global Equity Fund ￿[ch invesfs predominanty in Ihe US.
-The M&G Stsding Charity Fund which invests predominanuy in the UK
Both funds speaaliso li managing charity investfflents.
The 2026 and 2025 market vaues oryinal coslofw holdings were as bllows..
Orlginal ¢ost'
£252,8T8
r255,833
2026 Market Value
£210,171
£356,822
£566,999
2025 Marketvaluo
£337,559
£301.992
£639.551
CCLA
M&G
Total Valuo of investmonts at yw end
osl ofwr hddins6 at 31.3.2026
Durirbg 2026, Ihe tharity sold partof its hdding in Ihe CCLA Glob4 Equity and placed the pr￿eedS in the Church of ErrfJland DepDS11
Fund. The amounlsold r84eposited in 2026 was £1￿,000. In 2025, Ihe wthdrawal of£200.ofKI from the C of E DeFQ5iI Fund
was used to pay agranl 01£200,QQO for the intemal re-Lqmping of th¢ cath￿ra1,
LEGACIES
During the year. thè Chty received five bequests. comprise Ihe Charity's prinopal source oflnoL¥lle and hen￿ grants to lh8
Cathedral. The Tnjstees exwess th&r profound grati￿de to ai who have $0 generously remembefed Ihe Friends in their ￿11$.
GIFfAID
The Tnjstees are also very grateful to all memiErs and dorbors who have completed a Giftlid declaration. By doing so, Charity
can d￿rn an additional 25% oflhe value ofdonations from HMRC. aaims are now submitted rnonthly.
EVENTS
The rnostSignifi(xnl evenlol the year lin temis of fvnd rais￿Ig) is sec￿lGardens oflh8 Clos8. We are INlebled to all C105e residents
sogenerousty o￿n Ihew magnific￿1 gardens hdp the FrierKls in ihis way.
10.