THE FIUENDS OF GUILDFORD CATHEDRAL (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE FRIENDS OF GUILDFORD CATHEDRAL coNrENrs Legal and Administration Infornlation TrStees, Report Independent Examiners Report to the Trustee5 of The Friends of Guildford CathedtaI Statement of Financial Activities Balance Sh¢et Notes to the Financial Ststements 9-17
THE FRIENDS OF GUILDFORD CATHEDRAL LEGAL AND ADMINISTRATION INFORMATIOIY FOR THE YEAR ENDED 31 DECEMBER 2025 Trnstees Revd Canon Stuart Beake (resigned 26 January 2025) Very Revd Bob co0r (from 26 JaInry 2025) Canon M Morris (resigned 10 Feb 2026) JS Allen (Chair) Canon M J D Bishop M Mulvany P Read (resigned 15 June 2025) Revd Canon A Townshend R Varghese (from 12 May 2025) CIO Registration number 250402 Registered Office The Cathedral Stag Hill Guildford Surrey GU2 7UP Independent Examiner Mrs Helen Lee MA BFP FCA 55 Wodeland Avenue Guildford GU2 4LA Investment Manager Charles Stanley & Co. Ltd 70-72 Chertsey Street Guildford Surrey GUI 4HL
THF. FRIEIWS OF GUtLDFORD CATHEDRAL
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED
31 DECEMBER 2025
The TnteeS are ple&8ed to present their retK)rt together with the fllwicial slatements of the charitable
incorporated organisation for year to 31 December 2025.
The legal and administrative infornmtion set out on the inforn]ation page (page l), forn]s part of this report.
The financial statements COEnply with current statutory requirements and the constitution
Histo
ob"¢etiv¢s and activities of the Trust
The Friends of Guildford Cathedral was registered with the Cliarity Commissioners on the 22 July 1969.
The Friends of Guildford Cathedral w&s incorporated on 19 November 1954. The charitable company was
limited by guarantee and is governed by a set of Memorandum & Articles amended by Special Resolutions
dat¢d 17 December 1968, 8 June 2008. 17 July 2017, 3 Octob¢r 2021 and 26 June 2023.
In June 2024, the members at a g¢neral meeting voted unanimously to apply to the Charity Commission for
conversion of the charitable company to a Charitable Incorporated Organisation. The application w&8
granted with effect from 26th June 2024.
The aim of The Friends of Guildford Cathedral is:
Advanc¢ Christian religion for the benefit of the public in accordance with the statutes affecting the
Cathedral Church of the Holy Spiril Guildford, (the Cathedral) and Measures of the General Synod
of the Church of England.
To provide fiwnishings, emkllishments and equipment for the Cathedral.
To advance education of the public ID religious fabric and assisting in the maintenance of the
Cathedral.
Public benefit
When planning our activities for the year. the Tnts have considered the Charity Commission's guidance
on public benefit and, in particular. the specific guidance for the advancement of religion.
Mana
emen
risk and
overnance arran
ements
The Charity is administered by a Board of Trustees (the Executive Committee). Trustees are appointed or
confirnied at the AGM. There is a minimum of 5 TnCeS up to a m&ximum of12. They retire by rotation
and may serve for six years and shall only be eligible for re
THE FIUEIYDS OF CUILDFORD CATHEDRAL TRUSTEES ANNUAL REPORT FOR YEAR ENDED 31 DECEMBER 2025 (continued) The Tntstees manage the day-to-day operations of the Charity through its Secretary and Honorary Treasurer. The Social Committee organises a programme of even which are open EK)th to membeTS and non-members. The Chairnian ofTTUStees is tespoDsible lorthe induction of any new Tnth which involves awareness of a Trustee's responsibilities, the governing documenL administrative procedures and the history and philosophical approach of the Charity. A new Trustee would receive copies of the previous year's annual report and accounts and a copy of the Charity Commission leafiet 'The Essential Trustee: What you need to know,. The Trustees annually review the major strategic. business and operational risks which the Charity faces to ascertain that systems have been esLqblished io enable regular rqx)rts to be produced so that necessary steps can be taken to l¢ssen thos¢ risks. Procedures and oli for nt niAkin NoTninations for grdnts are elicited from the Cbapter of the Cathedral and considered by the Trustees. The Trustees always seek feedback on the actual use of the grants given. The explanations and feedback received are sufficient for monitoring the quality of the grants made. The Dean takes no part in decisions about grants. Aehievements and rforniance of tbe Trust During the year th¢ ¢haritsble company has been able to Continue its support for the Cathedral. The Social Committee raised £2.960 net (2024- £2,904) from Cial activities to support the objectives ofthe charitable company. Grdnts of £56,760 were made in the year (2024 - £60,447). The Trustees have been very grateful for the work of the Secretary. Yvette WrighL for all her hard work during the year. including the Newsletters. and organising several successful social events. including the new Lunch Club. During the last two years, several long-serving trustees have stO(Kl down: Shirley Margaret Lloyd and Jonathan Neil Smith in the autumn of 2024 and Pauline Read at the 2025 AGM. Mary MO15 a]so stood down in FebrLWy 2026. All of these people have served the Cathedral in many ways (and continue to do so), but it is right that the Friends should record their imm¢ns¢ gratitude for all the work they have done, the value of which is imme&8urable. You will be missed. Financial review Total income for the year was £59.950 (2024 - £29,161). of which £45.144 (2024 - £14,500) came from legacies. Expenditure was £68,995 (2024 - £71,894), which included grants to the Cathedral amounting to £59,760 (2024 - £60,447) details of which are in note 9. This left a deficit of £9.045 (2024 - £42,733) before gains or losses on investments. Unrealised gain on inveslments w&$ £5.491 (2024 - £6,381). Income from investrn¢nts was £3.963 (2024 - £5,422). The market value of fixed ass¢t investments at the beginning of the year reflected the need to draw doHm fimds to make gryants to the Cathedral in the latter part of 2024. The receipt of legacies in 2025 allowed us to restore the FK>Sition somewhat by depositing £20,000 net. The balance at 3151 December 2025 w&$ £108.425. an increase of £26,306 on the previous year end. There was a corresponding drop in current asset inveslments following the closure of the CAF Bank 12 month notice account.
THE FRtENDS OF GUILDFORD CATHEDRAL TRUSTEES ANNUAL REPORT FOR YEAR ENDED 31 DECEMBER 2025 (CODtinued) Althougb general income continued to decline in 2025 (the exceptions Ixing Legacies and Social Events), th¢ strong reserve position has enabled the trustees to respond positively to grant requests from Chapter. The net result was a decrease in funds of £3,554 (2024 - £36.352 decre). Fingneial review eont. At 31° December 2025 our reserves totalled £162.737 (2024 - £166.291) of which unrestricted fimds (free reserves, excluding designated funds set &side) totslled £133,506 (2024- £137.059). Reserves Our unrestricted reserves are al a significant level IaUSe of the previous inflow of legacy income. Our constitution does not pemiit or ¢n¢ourdge us to simply hand them over to the Cathedrnl Chapter. Following a review of reserves policy, it is the policy of the Trustees to maintain the free reserves of the charity, at a level which equates to at leasl twelve months running costs (£12,235 in 2025: £11,447 in 2024) and grants of ai least £50,(K)O, (where Yree reserves" are calculated &s net unrestricted current assets excluding current investment assets and sums sel aside. including designated funds). This provides sufficient funds to cover administrdtion and supwrt costs and to r¢sJx)nd to emergency applications for grants which might arise from time to time. UnStrICted funds were above this level throughout the year in order to comply with the policy. Invutments The investment wrtfolio is managed on a discretionary b&sis by Charles Stanley & Co. The Trust has chosen not to adopt formal ethical investment )lICIes. In order to minimise risk and diversify opw)rtunity. the trustees have placed unrestricted assets in a variety of investment vehicles and bank deposit accounts. The tnteeS have set guidelines as to th¢ nomial proportions of the totsl to be held in Current or dep)sit accounts, invested lor illCOTne or invested for growth. Placement of funds lay within these guideline5 at th¢ end of 2025. The wlicy was reviewed but not changed in 2025. It is due to be reviewed again in 2028. Future lans The Trustees intend to continue providing grants to the Cathedral continuing the emphasis on the embellishment and mainlenance of the Cathedral fabric, fittings and fijmiture. They Consid projects as they arise. There h&s been an increasing need to suptK)rt the operation of the Cathedral in recent years, while Chapter works towards a balanced budget. Trustce8 Rcs onsibilities The Trustees are responsible for preparing the Tntstees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting SLqndards (United Kingdom Geneially Accepted Accounting Practice).
THE FIUENDS OF GUILDFORD CATHEDRAL TRUSTEES ANNUAL REPORT FOR YEAR ENDED 31 DECEMBER 2025 (eontinued) Charity law requires the Trustees to prepare firncIal statements for ¢a¢h year which give a true and fair view of the state of affairs of the cl]aritable incOrrat¢d organisation and of the incoming resources and application of resources, including the incotne and expenditure, of the organisation for the year. In pTrparing these financial statements. the TnLStees are qUired to: select suitable accounting wlicies and then apply them consistently: observe the meth(xls and principles in the Charities SORP 2019 (FRS102)' make judgements and estimates that are reasonable and prudenL" state whether applicable UK Accounting Standards have been followe(L subject to any material departUTes disclosed and explained in the fhclaI slatements" and prepare the fllwicial statements on the going Concern basis unless it is inappropriate to presum¢ that the Charity will continue in owation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the fllmncial tx)sition of the clwitable incoryrated organisation. They are also responsible for safeguarding the ats of the clwity and hence for taking re&sonabl¢ steps for the prevention and detection of fraud and other irregulariti¢s. The rewrt has been prepared in accordance with the Accounting and Reporting by Charities.. StateTnent of Recommended Prnctice applicable to charities preparing th¢ir accounts in accordance with the Financial Reporting Stsndard l 02. Thi5 annual report w&s approved by the Board of Directors and Trustees on 2* and signed on the behalf by: Chair Joy Allen
INDEPENDENT ELIMINERS. REPORT TO THE TRUSTEES ON THE UNAUDrrED AccouNfs OF THE FRIENDS OF GUILDFORD CATHEDRAL FOR THE YEAR EP4DED 31 DECEMBER 2025 I reportto the charity trust on my eXamIr10n oftheaccowitsofthe charitsble incorporated organisation for the year ended 31 December 2025. which arc Set out on pages 7 to 17. R¢gp)nsibi]ities and blS of rewtyrt As th¢ Charity tsijstees of the charitable incorporat¢d organisation you are responsible for the preparation of the accounts in accordance with thc r¢quirem¢nts of the Chariti¢s Act 2011 ('th¢ Art,) and the Charities Act 2022 where relevanL I report in respect of the ch8ritabl¢ incorporated organisation's accounts carried out under section 145 of the Act and in caTrying out my ¢xamination I have followed all the applicable Directions given by the Charity Commi&sion under section 145(5Xb) of the ACL IndepelldeDt ex*mitser'y statement I have completed my examin10n. I confirnt that no have come to my gttention in connection with the examination giving me cause to iKli¢ve that in any Materi respect: accounting records were not k¢pt in respect of the compaTty a5 requir by se£tion 130 of the ACL or 2. the accounts do not accord with those rec4)rds. I have no cOnclS and have c4)me across no other matters in connection with the ¢xamination to which attention should be drnI in this reix)rt in order to ¢nable a proper understsnding of the acUnts to be reachj. Signed Helen Lee MA BFP FCA
THE FRIENDS OF GUILDFORD CATHEDRAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31 DECEMBER 2025 Notes Unrestricted Designated Funds Funds Total 2025 Total 2024 Income and endowments from: Donations and legacies Other trading activtties Investments 50.829 5.157 3,963 50.829 5.157 3,963 20,367 3.373 5,422 Total income 59.950 59.950 29,161 penditure on: Raising funds Charitable activities Other exp¢nditure 8.056 60.018 920 .056 60.018 920 6,558 63,766 1,560 Total expenditure 68.9)5 68.995 71.894 Net gains/{losses) on investments 12, 14 5,491 5.491 6,381 Net income l (expenditure) Transfers (3,554) (3,554) (36,352) (3.554) (3.554) (36.352) Reconciliation of funds: Total funds brought forward 137,059 29,232 166,291 202,643 Total funds carried forward 133.506 29,232 162,737 166,291 The noles on pages 9- 17 fonn part of these financia] statements.
THE FIUENDS OF GUILDFORD CATHEDRAL BALINCE SHEET AS AT 31 DECEMBER 2025 Notes Unrnstricted Designated Fum(b FlldS Total 202S Totsl 2024 Fixed A$5ets Investsn¢nts 12 79.193 29232 108,425 82.119 CurTertt Auets Debtors Current Asset Investment Cash at Bank and in hand 13 14 15 826 29.885 24,829 15257 51.886 17.561 29,885 24,829 55540 55.540 84,704 CurreDt Liabilitits Creditors.. amounts falling d within one year 16 (1228) (1228) {532) Net CrrettI Aknets 54.312 54J12 84,172 Totsl A&fets iesy Curren¢ Li4bilities 133.505 29232 162.737 166,291 Represent by Funds Unrestricted Restricted Endowm¢nt 133.505 29232 162.737 166,291 Totsl 133Ji5 29232 162.737 166291 Trustees, re4)OTL8ibilities.' The member5 have Miuiyed the clwitabie inc•ed organisatson to obtain an audil of its accounts for the year in question. The tNstees acknowledge their resnsIbilitieS for eSUrIng th* th¢ ¢haritable incorpordted organisation keeps accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the charitable incorwjrdted organisation as at 31 [k<yMb2025 and of its Te5ult for the year then ended in accordance with the requirements of the Charities Act 2011. the ChItIeS Act 2022 where r¢l¢vanl 8nd the Charities SORP. The financi approved by the Board and authori1 for i$5ue on Joy Allen The not¢s on pages 9. 17 foTm FQrt of these financial statements.
THE FRIENDS OF GUILDFORD CATHEDRAL NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDING 31 DECEMBFR 2025 ACCOUNTING POLICIES (a) Charitable Status "The Friends of Guildford Cathedral" w&s originally established as a charltable company limited by Guarantee and not having a share Capital incorporated in England and Wales. It was converted to a Charitable Incorporated Organisation (CIO) on 26 June 2024. The address of the registered office is given in the Lega] & Administration IDforn]ation given on page l of tbese financial statements. The nature of the charity's OFeratiorLS and principal activities are to raise monies for various projects to assist the finances of the Cathedral. Once projects have been completed. the expenditure is passed into the hands of the Chapter. The CIO. therefore, has no title to assets comprised in the pmjects and no depreciation is required in respect of the expenditure incurred on these projects. The charity constitutes a public benefit entity &8 defined by FRSIO2. (b) Basis of Pre aration The financial statements have been prepared in accordance with A¢counting and RetK)rting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the FinanciaI Reporting Stsndard applicable in the UK and Republic of Ireland (FRS102). th¢ Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011. The fmancial statements are prepared on a going concern basis under the historical cost convention modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency and are munded to the nearest poimd. (c) Income Reco ition All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income, the amount can be reliably measured and it is probable that the income will be received. Donations and other fomis of voluntsry income are regnised when receivabl¢ by the charity. Gift aid is re¢ognised in th¢ period the donation il relates to was r¢¢eiv¢d. Subscription income, including gift aiQ is recognised in the year of receipt. Life subscriptions are recognised in the year of receipt.
THE FIUENDS OF GUILDFORD CATHEDRAL NOTES TO THF FINANCIAL STATEMFNTS FOR THE YEAR ENDING 31 DECEMBER 2025 ACCOUNTING POLICIES (continued) (c) Income R¢¢0 nition eontillued Legacies ar¢ accounted for at the earlier of: the date on which the charity is aware that probate has been granted. the estate hL8 been finaiised and notification has been made by the ex¢cutor(s) to the charity that a distribution will be made" or when a dislTibution is made from the eslate. Receipi of a legacy, in whole or parL is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and criteria for income recognition have not been meL then the legacy is treated as a contingent ass¢t and disclosed if material. Income for other trnding activities is r¢¢ognised when it is received. Investment income is recognised in the wiod the charity is entitled to receipt. (d) enditure Ree itioD All expenditure is accounted for on an accruals b&sis and is inclusive of irrecoverable VAT. Expenditure is recognised where there is a legal or Constructive obligation to make payments to third parties, it is pmbable that the settlement will k Tequtred and the obligation can be measured reliably. Expenditure on rnising funds includes costs of social events and investment manager's fees relating lo the manag¢m¢nt of the invesiment rtfolIO. Expenditure on charitable activities includes grants with relevant support costs. Grants are charged in the year they are approved for payment. No grants are deferred. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the Trustees have agreed to pay the grant without condition, or the recipient has a reasonable eXtiOn that they will receive a grant and any condition attaching to the grant is outside of the control of the charity. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
THE FRIENDS OF GUILDFORD CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2025 ACCOUNTING POLICIES (CODtinued) (e) Allocation of Su ort Costs Support costs are those functions that assist the work of the charity but do not directly relate to fundraising costs or charitable activities. Support costs include back office costs, finance and payroll costs which support the charity's activities. These costs have been allocated between cost of raising funds and charitable activities. The bases on which supwrt costs have been allocated are set out in note 8. (0 Fixed Asset Investments Investments are recognised initially at cost which is norn]ally the transaction price less transaction sts. Subsequently they are Mured at rnarket value with changes reco)ised as net r¢alis¢d or unrealised gains or losses on investments in the SOFA. (g) italisation Purchases of equipment at less than £l.000 each will be wrltten off in the year of purchase. Purch&s¢s in excess of this will have their depreciation ratelperiod decided as part of the agreement to purchase. (h) Debtors Trade and other debtors are recorded at settlement amount. Prepayments are valued at the amounts prepaid at balance sheet dat¢. (i) Current Assel Inve8tmeDts Current asset investments include investments with a maturity gter than 3 months. ti) Cash at Bank 8nd in Hand Cash at bank and in hand includes cash and short terni highly liquid investments with short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. (k) Creditors Trade and other creditors ate Tecognised when the charity has a present obligation resulting from past events and can be measured or estinLed reliably. Creditors are recognised at their settlement amounts. (i) Finaneial Instruments The trust only b&s financial &wts and fmancial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially reco)iSed at transaction value and subsequendy measured at their settlement value.
THE FRIENDS OF GUILDFORD CATHEDRAL NOTF.S TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDllYG 31 DECEMBER 2025 ACCOUNfiNG POLICIES (Continued) (m) Funds Unrestricted reserves are funds that Can be ed in accordance with the charitable objects at the discretion of the Trustees. Restricted reserves are funds that can only be used for particular restricted purwses within the objects of tbe charity. Restrictions arise when specified by the donor or when funds are raised for particular r¢strict¢d purposes. The charity had no restricted fimds at the balance sheet date. Endowment funds r¢pr¢sent those &ssets which must held pennanently by the charity. The invested Capital is to be used to provide income for the charity which can only be spent as specified by the donor. The cl]arity Iiad no endowment fimds at the balan¢e she¢t dat¢. Donations and ¢i¢s Total 2025 Total 2024 Donations Legacies Subscriptions Gift Aid 100 45.144 4,713 872 220 14,500 4.923 724 50,829 20.367 In 2024 and 2025, all donations and legacies were unrestricted. Other Tradin Activities Total 2025 Total 2024 Social Events (see Note 10} Trading income 5,157 3.373 5.157 3.373 There w&s no restricted income in 2024 or 2025. -12-
THE FRIENDS OF GUItJ)FORD CATHEDRAL NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDING 31 DECEMBER 2025 Investmcnts Total 2025 Total 2024 Inter¢st Dividends 2.179 1,784 1.588 3,834 3.963 5,422 Rxisin FuDds Total 2025 Total 2024 Social events (see Note l O) Inv¢stment Manager fees Support costs (see Note 8) 2.197 1.009 4,850 468 1.277 4,813 8.056 Charitabl¢ Activities Total 2025 Total 2024 Grants (see Note 9) Support costs (s¢e Note 8) 56.760 3258 60.447 3,329 60.018 63.776 -13-
THE FRIENDS OF GUILDFORD CATHEDRAL NOTFS TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDING 31 DECEMBER 2025 Other Ex endithr¢ Total 2025 Total 2024 Independ¢nt Examiner's fee Und¢r-a¢¢rued prior year Tnsstee Indetnnity Insurance 500 5(M) 640 420 420 920 1,560 Other ExpenditLwe all relates to the governance ¢osts of the charity Ana sis of Su ort Costs Raising Charitable Other FuDds Aelivities Expenditure Total 2025 Basis of Alloeation Salaries (including Ers Ntc) General expenses 4.777 74 3,184 74 7.961 148 Time Use 4.851 3258 8,109 Grants made to Guildford Cathedral 2025 2024 Support for Operntions Refurbishment of Cathedral Offices New/replacement computerOupgrades HiTe of screens for December services Cost of flowers 2021-24 (from Arthur Mason legacy) 50,5(M) 50,784 4,285 6,260 2.578 56.760 60.447 -14-
THE FIUENDS OF GUILDFORD CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2025 io. Soeial Ev¢nt$ (net income) 2025 2024 Tombola at Christmas Fair Other events 2.636 324 3.008 104 ii. Salaries Th¢ charity employs one l-time person. The Cathedral arrang¢ for this salary to paid via its payroll (subject to PA YE). The costs for the employee are recharged monthly. The cost incurred was £7.961 (2024 - £7.416). No member of the executive committee or any persons connected with them has received any remun¢ralion. M Bishop received £72 reimburs¢ment for the monthly call plan a mobile phone (for the Secretary) which had to be paid for online via a credit card. (2024 £102). P Read was reimbursed £635 forthe purchase of tickets forthe Salisbury trip (2024- £0). J Allen was reimbursed £148 for the stsll hire fee for the Chrislmas Fair (2024 - £0). 12. Fixed Asset Investments Unrestricted Market value at l January 2025 Additions at cost Equalisations Disposals Net gain on investments Transfers 82.119 50.274 {123) (30.045) 6,200 Market value at 31 December 2025 108 425 Of wht¢h: Listed investments The following investments account for more than 5 /0 of the listed investments: 2025 2024 ishares Vontobel Artemis UBS UK Gilts Trojan AXA M&G Multi Units Luxembourg 14.2% I4./0 6./0 9./0 9.70/0 5.3Q/o -15-
THE FIUENDS OF GUILDFORD CATHEDRAL NOTES TO THF. FINANCIAL STATFMF.NTS FOR THE YEIiR ENDING 31 DECEMBER 2025 13. Debtors Total 2025 Total 2024 Gift Aid Claim Accrued income- legacies Accrued income- interest 797 724 14.500 33 29 826 15.257 14. Current Asset Investments 2025 2024 CCL4 Invesln*ntAceount Value at l January Withdrawal Unrealised profitlooss) in year 30.594 29218 (709) 1.376 Value at 31 December 29.885 30,594 Shawbrook 12 monlhfued rate accounl Value at l January Interest Withdrawn (alc closed) 21,292 913 (22,205) 20,550 742 Value at 31 December 21.292 Total Value at 31 December 29.885 51.886 15. C¥dsh at Bank and in Hand Total 2025 Total 2024 Lloyds Current Accounts CCLA Dey)sit Accounl Charles Stanley Income Accounts Charles Stanley Capitsl Accounts 13.944 9,040 702 1,143 5.906 8,561 836 2,258 24,829 17,561 -16-
THE FRIENDS OF GUILDFORD CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2025 16. Creditors Total 2025 Total 2024 Creditors Accrued expenses 1228 532 1228 532 21. Controllin Pa The ckwity has no controlling party. 22. Related Partv 6 (2024- 6) trustees paid subscriptions to the charity totalling £160 (2024- £195) -17-