REGISTERED CHARITY NUMBER: 519110
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
FRIENDS OF DURHAM CATHEDRAL
Ribchesters, Chartered Accountants Finchale House Belmont Business Park Durham DH1 1TW
FRIENDS OF DURHAM CATHEDRAL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
FRIENDS OF DURHAM CATHEDRAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Friends of Durham Cathedral was founded in 1933. It was registered as a Charity, number 519110, on 24 July 1987. Its Governing Constitution, adopted by members at the Annual General Meeting held on 6 June 1987, was revised at the Annual General Meeting held on 1 June 1991, with a further minor revision that was approved at the Annual General Meeting held on 1 June 2019. The objects of the charity currently are:
- to promote for the benefit of the public the preservation, repair and maintenance of the fabric, curtilage and the precincts of Durham Cathedral and its library, together with any other property thereof, as buildings of architectural and historical interest, and the provision of support for its worship and music and in purchasing, acquiring, restoring or otherwise providing such furniture, fittings and structures and chattels for the interior, exterior and in the curtilage and precinct as may be desirable to continue the cathedral's work in relation to its worship, music, history and education.
As the 1991 revision of the Constitution envisaged, the greatest part of the incoming resources of the charity is generated by membership subscriptions, donations, bequests and grants from other charitable organisations. Other income results from concerts and other social occasions, and from the sale of goods.
In view of the objects of the charity its Trustees work closely with the Chapter of Durham Cathedral, and the grants proposed to an Annual General Meeting are for projects which feature in Chapter's strategic plans and which have been commended to the Trustees.
ACHIEVEMENT AND PERFORMANCE
Covid has continued to severely curtail social activities however members subscriptions have largely held up assisted by a modest uplift in legacies.
Resumption of Cathedral activities has improved timeliness of payment of Grants which we reported as significantly outstanding in 2020 accounts.
Our reserves remain comfortably in excess of commitments to outstanding Grants and financial position enables us to continue to provide additional support to the Cathedral in future.
FINANCIAL REVIEW
We still hold significant funds largely due to the monies held at M & G and sufficient to enable us to, once more, provide substantial grant monies to the Cathedral.
FUTURE PLANS
We are continuing to liaise with the Cathedral Development team to generate an increased public awareness for the Cathedral and possible involvement which we are hoping will increase our membership and we are already seeing signs of progress. Events and excursions are held throughout the year which prove very popular with members and new ideas for these functions are continually being sought.
Our grateful thanks must, once again, be given to the unstinting support received by our many volunteers without whom, we would not have the undoubted success these events have had.
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FRIENDS OF DURHAM CATHEDRAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Under the revision of its Constitution in June 1991 and reconfirmed at the revision in June 2019 it was determined that Friends of Durham Cathedral should be administered and managed by an Executive Council, and that the Council should consist of:
-
A Chairman, Honorary Secretary, and Honorary Treasurer, each elected at the Annual General meeting for a term of three years and eligible for re-election;
-
A maximum of nine members, each elected at the Annual General Meeting for a maximum of three years and eligible for re-election for one further term, after which he/ (she) must stand down for at least one year;
-
A Representative of Chapter, appointed by Chapter;
-
The Chapter Clerk;
-
A maximum of three co-opted members each appointed at the discretion of the Committee for a maximum of three years.
It was also agreed that to further its objectives the Council should establish such sub-committees as were felt necessary. Currently there is a Fund Raising Committee and a Programme and Public Relations Committee.
This structure serves to ensure the continued vitality of the charity, for the members of its sub-committees are drawn from those attending events and social occasions as well as from members of its Executive Council, and are the usual recruiting ground when vacancies occur on the executive Council. Thus those recruited as Trustees already have some experience of the objects and activities of the charity.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
It is the opinion of the trustees that for the financial year ended 31 December 2021 the charity has achieved its objectives.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
519110
Principal address
Friends' Office The College Durham DH1 3EH
Trustees
Ms M H Stamp G F Summerbell W G Bittlestone Canon Dr E D Hunt AP French Dr M Galloway (resigned 29/5/2021) Dr R Wiltsher (resigned 29/5/2021) Ms M Anderson WB Scott Mrs C Scott G Barber Revd Canon M Everitt Mrs M Potter R Tindle S Fitches (resigned 29/5/2021) Mrs C Peacock (appointed 29/5/2021) Mrs C Lightfoot (appointed 29/5/2021) MJD Lightfoot (appointed 29/5/2021)
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FRIENDS OF DURHAM CATHEDRAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
David Holloway FCA DChA Ribchesters, Chartered Accountants Finchale House Belmont Business Park Durham DH1 1TW
PUBLIC BENEFIT
From 1 April 2008, section 4 the Charities Act 2006 requires all charities to meet the legal requirement that its aims are for the public benefit. The Trustees confirm that they have complied with the duty to have due regard to the Charity Commission's general guidance on public benefit.
The Charity Commission states that there are two principles to be met in order to show that an organisation's aims are for the public benefit: firstly there must be an identifiable benefit or benefits and secondly that the benefit must be to the public, or a section of the public.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs C Peacock - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF DURHAM CATHEDRAL
Independent examiner's report to the trustees of Friends of Durham Cathedral
I report to the charity trustees on my examination of the accounts of Friends of Durham Cathedral (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention 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 requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Holloway FCA DChA Ribchesters, Chartered Accountants Finchale House Belmont Business Park Durham DH1 1TW
Date: .............................................
Page 4
FRIENDS OF DURHAM CATHEDRAL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 74,424 Other trading activities 3 9,079 Investment income 4 831 Total 84,334 EXPENDITURE ON Raising funds 281 Charitable activities Grants to Durham Cathedral 105,018 Support costs 35,893 Total 141,192 Net gains/(losses) on investments 6,518 NET INCOME/(EXPENDITURE) (50,340) RECONCILIATION OF FUNDS Total funds brought forward 256,969 TOTAL FUNDS CARRIED FORWARD 206,629 |
Restricted Endowment funds funds £ £ - - - - - - - - - - - - - - - - - 3,776 - 3,776 - 88,866 - 92,642 |
2021 Total funds £ 74,424 9,079 831 84,334 281 105,018 35,893 141,192 10,294 (46,564) 345,835 299,271 |
2020 Total funds £ 61,839 6,405 853 69,097 5,589 108,475 37,350 151,414 (3,601) (85,918) 431,753 345,835 |
|---|---|---|---|
The notes form part of these financial statements
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FRIENDS OF DURHAM CATHEDRAL
BALANCE SHEET 31 DECEMBER 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 4,292 Heritage assets 8 1,250 5,542 CURRENT ASSETS Stocks 9 1,174 Debtors 10 4,579 Investments 11 40,722 Cash at bank 156,793 203,268 CREDITORS Amounts falling due within one year 12 (2,181) NET CURRENT ASSETS 201,087 TOTAL ASSETS LESS CURRENT LIABILITIES 206,629 NET ASSETS 206,629 FUNDS 13 Unrestricted funds Endowment funds TOTAL FUNDS |
Restricted Endowment funds funds £ £ - - - - - - - - - - - 92,642 - - - 92,642 - - - 92,642 - 92,642 - 92,642 |
2021 Total funds £ 4,292 1,250 5,542 1,174 4,579 133,364 156,793 295,910 (2,181) 293,729 299,271 299,271 206,629 92,642 299,271 |
2020 Total funds £ 5,272 1,250 6,522 1,455 6,353 123,071 219,663 350,542 (11,229) 339,313 345,835 345,835 256,969 88,866 345,835 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. C Peacock - Trustee
The notes form part of these financial statements
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with 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 Standard applicable in the UK and Republic of Ireland' 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 entitlement 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 that expenditure, it is probable that a transfer of economic benefits 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 with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Raising funds
The costs of generating funds comprise the costs associated with trading and events for fundraising purposes.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on the basis of time spent.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture
- 15% on reducing balance
Heritage assets
Depreciation is provided at 0% on heritage assets as they are assumed to have an indefinite useful life. These assets are reviewed for impairment
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Endowment funds are those funds which the charity must hold and retain and not spend as income. The income arising is used for charitable purposes and capital gains are retained within the fund.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the trustees' annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
2. DONATIONS AND LEGACIES
----- Start of picture text -----
||||
|---|---|---|
|2021|2020|
|£|£|
|Donations|5,970|10,915|
|Tax recoverable|13,123|6,278|
|Legacies|19,000|5,000|
|Grants|5,000|5,000|
|Subscriptions|29,981|33,346|
|Donated services and facilities|1,350|1,300|
|74,424|61,839|
----- End of picture text -----
The charity is grateful to Ribchesters, Chartered Accountants for providing accountancy services to the charity to assist with the preparation of the Annual Report. The value of this service to the charity is estimated at £1,350 (2020: £1,300). The estimated value of these services is recognised within incoming resources as a donation, and an equivalent charge included within accountancy costs.
Grants received, included in the above, are as follows:
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|---|---|---|
|2021|2020|
|£|£|
|Other grants|5,000|5,000|
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Included within grants receivable is £4,000 received from The Sir John Priestman Charity Trust.
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
3. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Fundraising events | 4,954 | 652 |
| Trading income | 4,125 | 5,753 |
| 9,079 | 6,405 | |
| INVESTMENT INCOME Investment income |
2021 £ 831 |
2020 £ 853 |
4. INVESTMENT INCOME
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Endowment fund funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 61,839 - - Other trading activities 6,405 - - Investment income 853 - - Total 69,097 - - EXPENDITURE ON Raising funds 5,589 - - Charitable activities Grants to Durham Cathedral 67,111 41,364 - Support costs 37,350 - - Total 110,050 41,364 - Net gains/(losses) on investments (5,064) - 1,463 NET INCOME/(EXPENDITURE) (46,017) (41,364) 1,463 RECONCILIATION OF FUNDS Total funds brought forward 302,986 41,364 87,403 |
Total funds £ 61,839 6,405 853 69,097 5,589 108,475 37,350 151,414 (3,601) (85,918) 431,753 |
|---|---|
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted Endowment fund funds funds £ £ £ TOTAL FUNDS CARRIED FORWARD 256,969 - 88,866 7. TANGIBLE FIXED ASSETS Office Computer furniture equipment £ £ COST At 1 January 2021 and 31 December 2021 18,339 945 DEPRECIATION At 1 January 2021 13,882 130 Charge for year 668 312 At 31 December 2021 14,550 442 NET BOOK VALUE At 31 December 2021 3,789 503 At 31 December 2020 4,457 815 8. HERITAGE ASSETS MARKET VALUE At 1 January 2021 and 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 9. STOCKS 2021 £ Stocks 1,174 |
Total funds £ 345,835 Totals £ 19,284 14,012 980 14,992 4,292 5,272 Total £ 1,250 1,250 1,250 2020 £ 1,455 |
|---|---|
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors 11. CURRENT ASSET INVESTMENTS Listed investments 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 13. MOVEMENT IN FUNDS At 1.1.21 £ Unrestricted funds General fund 256,969 Endowment funds Major L and Mrs D Pattison 75,470 The Late Mrs Phyllis Mary Richardson 13,396 88,866 TOTAL FUNDS 345,835 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 84,334 (141,192) Endowment funds Major L and Mrs D Pattison - - The Late Mrs Phyllis Mary Richardson - - - - TOTAL FUNDS 84,334 (141,192) |
2021 £ 4,579 2021 £ 133,364 2021 £ 2,181 Net movement in funds £ (50,340) 1,985 1,791 3,776 (46,564) Gains and losses £ 6,518 1,985 1,791 3,776 10,294 |
2020 £ 6,353 2020 £ 123,071 2020 £ 11,229 At 31.12.21 £ 206,629 77,455 15,187 92,642 299,271 Movement in funds £ (50,340) 1,985 1,791 3,776 (46,564) |
|
|---|---|---|---|
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.20 £ Unrestricted funds General fund 302,986 Restricted funds Foundation 2020 41,364 Endowment funds Major L and Mrs D Pattison 71,195 The Late Mrs Phyllis Mary Richardson 16,208 87,403 TOTAL FUNDS 431,753 Comparative net movement in funds, included in the above are as follows: |
Net movement in funds £ (46,017) (41,364) 4,275 (2,812) 1,463 (85,918) |
At 31.12.20 £ 256,969 - 75,470 13,396 88,866 345,835 |
|---|---|---|
| Unrestricted funds General fund Restricted funds Foundation 2020 Endowment funds Major L and Mrs D Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS |
Incoming resources £ 69,097 - - - - 69,097 |
Resources expended £ (110,050) (41,364) - - - (151,414) |
Gains and Movemen losses in funds £ £ (5,064) (46,017) - (41,364) 4,275 4,275 (2,812) (2,812) 1,463 1,463 (3,601) (85,918) |
|---|---|---|---|
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Foundation 2020 Endowment funds Major L and Mrs D Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS |
At 1.1.20 £ 302,986 41,364 71,195 16,208 87,403 431,753 |
Net movement in funds £ (96,357) (41,364) 6,260 (1,021) 5,239 (132,482) |
At 31.12.21 £ 206,629 - 77,455 15,187 92,642 299,271 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Foundation 2020 Endowment funds Major L and Mrs D Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS |
Incoming resources £ 153,431 - - - - 153,431 |
Resources expended £ (251,242) (41,364) - - - (292,606) |
Gains and Movemen losses in funds £ £ 1,454 (96,357) - (41,364) 6,260 6,260 (1,021) (1,021) 5,239 5,239 6,693 (132,482) |
|---|---|---|---|
Foundation 2020
The Foundation 2020 Appeal fund was created to raise money towards the ongoing remedial work to Durham Cathedral.
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
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FRIENDS OF DURHAM CATHEDRAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Tax recoverable Legacies Grants Subscriptions Donated services and facilities Other trading activities Fundraising events Trading income Investment income Investment income Total incoming resources EXPENDITURE Other trading activities Purchases Fundraising events Charitable activities Telephone Postage and stationery Donations Sundries Contribution to salary Depreciation Grants to institutions Support costs Management Insurance Finance Bank charges Human resources Software licences |
2021 £ 5,970 13,123 19,000 5,000 29,981 1,350 74,424 4,954 4,125 9,079 831 84,334 281 - 281 143 10,111 100 - 21,681 980 105,018 138,033 352 632 544 |
2020 £ 10,915 6,278 5,000 5,000 33,346 1,300 61,839 652 5,753 6,405 853 69,097 339 5,250 5,589 205 10,528 - 49 23,305 917 108,475 143,479 334 712 - |
|---|---|---|
This page does not form part of the statutory financial statements
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FRIENDS OF DURHAM CATHEDRAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Human resources Governance costs Accountancy fees Total resources expended Net expenditure before gains and losses Realised recognised gains and losses Realised gains/(losses) on programme related investments Net expenditure |
2021 £ 1,350 141,192 (56,858) 10,294 (46,564) |
2020 £ 1,300 151,414 (82,317) (3,601) (85,918) |
|---|---|---|
This page does not form part of the statutory financial statements
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