REGISTERED CHARITY NUMBER: 500272
ort of the Trustees and
Unaudited Financial Ststements
for the Year Ended 31 December 2024
for
Friends of Llncoln Cathedral
Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Friends of Lincoln Cathedrnl
Contents of the Financial Statements
for the Year Ended 31 December 2024
Page
Report of the Trustses
Independent Examinerfs Report
ststement of Financial Activities
Balance Sheet
Notes to the Financial Statements
6 to 10
Detailed Statement of Financial Activities
11 to 12

Friends of Lincoln Cathedral
ort of the Trustees
for the Year Ended 31 December 2024
The trustees present their report with the finan￿al statements of the charity for the year ended 31 December 2024. The trustees
have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies
preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity as set out by its goveming document are..
- to provide a means of binding together in friendship those who. loving Lincoln Cathedral, wish to bear a part in
its life and worship
to make grants as funds permit to the Dean and Chapler toward the worship. maintenance. preservation,
improvement or repair of the fittings. omaments. fijmiture and monuments in knncoln Cathedral and the furthering
of schemes to set forward its safety or utility.
Slgnlficant activities
In setting our objectives and planning our activities our Twstees have given careful consideration to the Charity Commission's
guidan￿ on public benefit.
)etails of adivities and perfomiance are detailed within the Treasurerfs and Honorary Secretarfs reports.
Grantmaking
Applications for support are forwarded to the Council by the Cathedral's Senior Leadership Team. coordinated by the Cathedral's
Fundraising Manager.
Applications are considered by the C¢)uncil and rf approved taken to the Annual General Meeting for ratification. The Annual
General Meeting also approves a discretionary allocation for use by the Executive Subcommittee of the Council for smaller grants,
without these having to wait until the nexl Annual General Meeting for approval.
The Council stipulates that detailed applications for grants need to be supported by quotations and invoices as necessary.
FINANCIAL REVIEW
Reserves policy
The Trustees monitor the level of reserves of the Charity in relation to its current and planned a￿1Vities.
The Trustees consider that the current level of reserves after designation of funds will allow the charity to achieve its objectives.
The Trustees feel that the adequate amount of reserves to cary exduding the designated fund is £40,000 to cover the core
operating costs of the Charity.
At the year end there were total unrestricted reseNes of £384.941. £136.287 of these funds have been designated to cover the
n )lanned future costs lo the Organ. Therefore the actual free reserves of the tharity are £248,654.
Unrestricted reserrfes have been allowed to build up so that further significant financial support for restoration and other projects for
the cathedral can be agreed when requests are made.
Going concern
The main risk that the charity faces is a deficit of income over expenditure.
Whilst income receNed from subscriptions and events has increased the need to draw on reseNes to cover increases in regular
areas of support has become apparent, although the charity has been fortunate to have re￿IVed income from legacies.
The charitys achievements. in addition to regular areas of support, have included the remodelling of a stall in St Hugh's Choir and
a cope for the Canon Missioner. After the substantial grant in 2023 towards the heating in St Hugh's Choir it was considered
prudent to consolidale funds in anticipation of any future major requests.
Page 1

Friends of Lincoln Cathedral
ort of the Trustees
for the Year Ended 31 December 2024
FUTURE PLANS
Future plans of the charity include continuing to respond to further requests from the 13thedral as necessary.
The funding for annual areas of support will continue. These include the Friends. Choral Scholar. the Friends. Organ Scholar, the
Friends, Chorister and the Cathedral flower fund.
successful Corporate Membership Scheme has been established and a redesigned website, allowing subscriptions to be
accepted online, has led to a considerably higher level of income.
The annual ticketed Carols By Candlelight event is now held on tsvo consecLrtive evenings, leading to a doubling of the income.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Goveming document
The Charity is governed by its constitution, a deed of trust. which was adopted 19 June 1982 as amended 4 July 1998 and 3 July
1999.
Re¢ruitment and appolntment of new trustees
Truslees are appointed based on their experience and expertise. The board regularfy review their position and approach
appropriate candidates as necessary. All new Trustees receive inductions on the objectives, beliets and systems of the charity and
directed to the Charity Commission guidance on their responsibilities.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity numbor
500272
Principal address
The Friends. Office
Exchequergate House
18a Minster Yard
Lincoln
Lincolnshire
LN21PX
Trustees
Ms C Jones (resigned 27.5.25}
Mr M R Belcher
MrAP Read
Mr B Calvert
Independent Examiner
P Colcomb FCCA
Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Nthand
Lincoln
Lincolnshire
LN1 1XG
Approved by order of the board of trustees on 2 June 2025 and signed on its behalf by:
Michael R Belcher lJun 3, 2025 12:45 GMT+ll
Mr M R Belcher- Trustee
Page 2

Inde
endent Examinerfs Re
ort to the Trustees of
Friends of Lincoln Cathedrnl
Independent examinerfs report to the trustees of Friends of Lincoln Cathedral
I report to the charity trustees on my examination of the accounts of Friends of Lincoln Cathedral (the Trust) for the year ended
31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the awx*unts in accordance with the requirements of
the Charities Act 2011 {'the Act).
I report in respect of my examination of the Trusvs accounts carrted out under Section 145 of Ihe Act and in carrying out my
examination I have followed all applicable Directions given by Ihe Charity Commission under Section 145(5)(b) of the Act.
Independent examinerfs statement
I have completed my examination. I confimi that no material matters have come to my altention in connection with the examination
giving me cause to believe that in any material respect=
accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirernents conceming the form and content of accounts set out in Ihe
Charities (Accounts and Reports) Regulations 2008 olher than any requiremenl that the accounts give a true and fair view
which is not a matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection viith the examination to vthich attention should be drawn
ni this report in order to enable a proper understanding of the accounts to be reached.
Paul Colcomb (Jun 3, 2025 15:55 GMT+ll
P Colcomb FCCA
The Institute of Chartered Accountants in England and Wales
Wright Vigar Limited
Chartered Accountants & Business Adwsers
15 Newland
Lincoln
Lincolnshire
LN1 1XG
2 June 2025
Page 3

Friends of Lincoln Cathedral
Statement of Financial Activities
for the Year Ended 31 December 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
46.761
46,761
29,532
Charitable activities
Carols by Candlelight
16,952
16,952
20,221
Other trading activities
Investment income
917
15.635
917
15,635
1.122
10,672
Total
80,265
80.265
61.547
EXPENDITURE ON
Charitable activities
Carols by Candlelight
General activities
5.000
35,080
5,754
26,097
35.080
Totsl
40,080
40.080
31.851
NET INCOME
40.185
40,185
29,696
RECONCILIATION OF FUNDS
Total funds brought forniard
344.756
10.948
355.704
326,008
TOTAL FUNDS CARRIED FORWARD
384.941
10.948
395.889
355,704
The notes fonn part of these financial statements
Page 4

Friends of Lincoln Cathedral
Balance Sheet
31 December 2024
2024
Total
funds
2023
Total
funds
Unreslricted
funds
Restricted
fund
Notes
FIXED ASSETS
Tangible assets
574
574
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
1.555
1,555
2,569
2.312
356,149
10
391.051
10.948
401,999
392.606
10.948
403.554
361,030
CREDITORS
Amounts falling due within one year
11
(8,239)
(8.239)
(5.326)
NET CURRENT ASSETS
384.367
10.948
395.315
355,704
TOTAL ASSETS LESS CURRENT LIABILITIES
384,941
10,948
395,889
355,704
NET ASSETS
384.941
10.948
395.889
355,704
FUNDS
Unrestricted funds
Restricted funds
12
384,941
10,948
344,756
10.948
TOTAL FUNDS
395,889
355,704
The financial statements were approved by the Board of Trustees and auihorised for issue on 2 June 2025 and were signed on its
behalf by..
ckae
Sélcke
Michael R Belcher lJun 3, 2025 12.'45 GMT+ll
Mr M R Belcher- Trustee
The notes fomi part of these financial statements
Page 5

Friends of Lincoln Cathedral
Notes to the FinancTal Statements
for the Year Ended 31 De¢ember 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financia5 statements of the charity. which is a public benefit entty under FRS 102. have been prepared in accordance
with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practi
applicable to charities preparing their accounts in accordan￿ ￿￿th the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019),. Financial Reporting Standard 102 The Financial Reporting
Stsndard applicable in the UK and Republic of Irelanrf and the Charities Act 2011. The financial statements have been
prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entttlement to the funds. it is probable
that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to thal
expendilure, it is probable that a transfer of economic beneffts will be required in settlement and the amount of the
obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under
headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings
they have been allocated to activities on a basis consistent viith the use of resoLsrces.
Grants offered subject to conditions vthich have not been met at the year end date are noted as a commitment bLrt noi
accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the foll¢Jwing annual rates in order to write off each asset over its estimated useful life.
Computer equipment- 25% on cost
Stocks
Stocks are valued al the lower of cost and net realisable value. after making due allowance for obsolete and sl¢)w moving
ilems.
Taxation
The charity is exempt from tax on its charitable activitses.
Fund a¢¢ounting
Unrestricted funds can be used in accordance ￿￿th the charitable objectives at the discretion of the trustees.
Restricled funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise
when specified by the donor or vthen funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is induded in the notes to the financial statements.
OTHER TRADING ACTIVITIES
2024
2023
Shop income
Battle Order 204 books
Psalters
Office and sundry sales
118
15
955
880
37
917
1.122
Page 6
continued.

Friends of Lincoln Cathedral
Notes to the Financial Statements - continued
for the Year Ended 31 De¢ember 2024
INVESTMENT INCOME
2024
2023
Interest on CBF
15.635
10,672
GRANTS PAYABLE
2024
2023
General activities
27.349
15,889
The total grants paid to institutions during the year vms as follows=
2024
2023
Flowers
Choral Scholar
Chorister
Organ Scholar
2,000
7.333
7,350
10.666
2,000
13,889
27,349
15,889
SUPPORT COSTS
Governance
cosls
Management
Finance
Totals
General activities
4.742
224
1,320
6.286
Support costs. induded in the above. are as follows..
2024
General
activities
2023
Total
activities
Newsletters, stationery & post
Computer and website
Office expenses and sundry
Travel and accomodalion
Room. equipment hire & repairs
Training
Bank charges
Depreciation of langible fixed assets
Accountancy and legal fees
2.341
820
533
4,816
654
563
1,471
347
500
29
1.048
32
192
1,320
1.200
6,286
9,580
TRUSTEES. REMUNERATION AND BENEFITS
There were no tnjstees, remuneration or other beneffts for the year ended 31 December 2024 nor for the year ended
31 December 2023.
Trustees. expenses
There were no trustees, expenses paid for the year ended 310ecember 2024 nor for the year ended 31 De￿mber 2023.
Page 7
continued...

Friends of Lincoln Cathedral
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
29,532
29,532
Charitable activities
Carols by Candlelight
20,221
20,221
Other trading activities
Investment income
1,122
10,672
1.122
10,672
Total
61.547
61.547
EXPENDITURE ON
Charitable activities
Carols by Candlelight
General activities
5.754
26,097
5.754
26,097
Total
31.851
31.851
NET INCOME
29,696
29,696
RECONCILIATION OF FUNDS
Totsl funds brought foTward
315.060
10,948
326,008
TOTAL FUNDS CARRIED FORWARD
344.756
10,948
355,704
TANGIBLE FIXED ASSETS
Computer
equipment
COST
Additions
766
DEPRECIATION
Charge for year
192
NET BOOK VALUE
At 31 December 2024
574
At 31 December 2023
Page 8
conlinued...

Friends of Lincoln Cathedrnl
Notes to the Finan¢ial Ststsments - continued
for the Year Ended 31 December 2024
STOCKS
2024
2023
Stocks
1,555
2,589
10.
DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
Tax
224
70
2,018
2,312
11.
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Other creditors
1,588
3,738
8,239
8,239
5,326
12.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.12.24
At1.1.24
Unrestricted funds
General fund
Designated fund - organ
228.264
30,390
(10.000)
248.654
116.492
9.795
10,OIX)
136,287
344.756
40.185
384,941
Restricted funds
Embroidery fund
10.948
10,948
TOTAL FUNDS
355.704
40.185
395,889
Nel movement in funds. induded in the above are as follows:
Incoming
resources
Resources
expended
Movemenl
in funds
Unrestricted funds
General fund
Designated fund - organ
70.470
(40,080)
30,390
9,795
9,795
80.265
(40.080)
40,185
TOTAL FUNDS
80,265
(40,080)
40,185
Page 9
continued...

Friends of Lin¢oln Cathedral
Notes to the Financial Statements - continued
forthe Year Ended 31 December 2024
12.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
belween
funds
At
31.12.23
At 1.1.23
Unrestricted funds
General fund
Designated fund- organ
233.568
26.371
{35,000)
224,939
81.492
3.325
35.000
119,817
315.060
29,696
344,756
Restricted funds
Embroidery fund
10.948
10,948
TOTAL FUNDS
326.008
29.696
355,704
Comparative net movement in funds, induded in the above are as follows=
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Designated fund- organ
58.222
(31.851)
26.371
3,325
3,325
61.547
{31.851)
29,696
TOTAL FUNDS
61,547
{31,851)
29,696
Organ Repair Fund
This fund is used to cover payments for scheduled repairs to the Organ.
Transfers between Funds
The amount designated is set aside for the Organ repair fund.
13.
RELATED PARTY DISCLOSURES
There were no related paty transactions frjr the year ended 31 December 2024.
Page 10

Friends of Llncoln Cathedral
Detailed Statement of Financial Activities
for the Year Ended 31 December 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and legacles
Donalions
Gift aid recovered
Legacies
Annual memberships
Life members
5,114
3.708
8,134
9,000
5,790
2,900
28,845
9,995
2,800
46,761
29,532
Other trading activities
Shop income
Battle Order 204 books
Psalters
Office and sundry sales
118
15
955
880
37
917
1,122
Investment income
Interest on CBF
15.635
10.672
Charitable activities
Events
16.952
20,221
Total incoming resources
80,265
61,547
EXPENDITURE
Charitable activities
Events and sales
Grants to institutions
6.445
27,349
6,382
15,889
33,794
22,271
Support costs
Management
Newsletters, stationery & post
Computer and website
Office expenses and sundry
Travel and accomodation
Room, equipment hire & repairs
Training
2,341
820
533
4,816
654
563
1,471
347
500
1,¢)48
4,742
8,351
Finance
Bank charges
Computer equipment
32
192
29
224
29
Governance costs
Accountancy and legal fees
1.320
1.200
This page does not fom) part of the statLrtory finanaal statements
Page 11

Friends of Lincoln Cathedral
Detailed Statement of FTnancial Actlvitles
for the Year Ended 31 December 2024
2024
2023
Total resources expended
40,080
31,851
Net income
40.185
29.696
This page does not fo￿ part of the ststutory financial statements
Page 12