REGISTERED CHARITY NUMBER: 519110
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
FRIENDS OF DURHAM CATHEDRAL
RMT Ribchesters Accountants and Business Advisors Finchale House Belmont Business Park Durham DH1 1TW
FRIENDS OF DURHAM CATHEDRAL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 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 | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
FRIENDS OF DURHAM CATHEDRAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial 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 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
Sporadically, we enjoy support provided by generous legacies, which on occasion boost our annual income considerably. Contributions from other sources are most encouraging however, with the significant increases in income from subscriptions and fundraising events showing Friends' activity thriving.
FINANCIAL REVIEW
At present, our reserves are well positioned to more than fully cover commitment to approved grants and enable future support 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 2024
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 2022 the charity has achieved its objectives.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
519110
Principal address
Friends' Office The College Durham DH1 3EH
Trustees
G F Summerbell Canon Dr E D Hunt AP French Ms A Anderson (resigned 8/6/2024) WE Scott (resigned 8/6/2024) Mrs C Scott (resigned 8/6/2024) G Barber Revd Canon M Everitt Mrs M Potter Mrs C Peacock Chairman Mrs C Lightfoot MJD Lightfoot J Dean D R Williams (resigned 8/6/2024) G G Sampson (appointed 8/6/2024)
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FRIENDS OF DURHAM CATHEDRAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
David Holloway FCA DChA RMT Ribchesters Accountants and Business Advisors 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 13 May 2025 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 2024.
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
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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
RMT Ribchesters Accountants and Business Advisors 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 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 75,490 Other trading activities 3 24,973 Investment income 4 27,701 Total 128,164 EXPENDITURE ON Raising funds 22,682 Charitable activities Grants to Durham Cathedral 108,045 Support costs 48,639 Total 179,366 Net gains on investments 13,387 NET INCOME/(EXPENDITURE) (37,815) RECONCILIATION OF FUNDS Total funds brought forward 751,171 TOTAL FUNDS CARRIED FORWARD 713,356 |
Restricted Endowment funds funds £ £ - - - - - - - - - - - - - - - - - 12,397 - 12,397 - 94,032 - 106,429 |
2024 Total funds £ 75,490 24,973 27,701 128,164 22,682 108,045 48,639 179,366 25,784 (25,418) 845,203 819,785 |
2023 Total funds £ 218,464 20,541 6,650 |
|---|---|---|---|
| 245,655 | |||
| 9,439 64,394 43,442 |
|||
| 117,275 | |||
| 8,299 | |||
| 136,679 708,524 |
|||
| 845,203 |
The notes form part of these financial statements
Page 5
FRIENDS OF DURHAM CATHEDRAL
BALANCE SHEET 31 DECEMBER 2024
| Unrestricted fund Notes £ FIXED ASSETS Heritage assets 8 1,250 CURRENT ASSETS Stocks 9 1,007 Debtors 10 27,251 Investments 11 161,991 Cash at bank and in hand 531,799 722,048 CREDITORS Amounts falling due within one year 12 (9,942) NET CURRENT ASSETS 712,106 TOTAL ASSETS LESS CURRENT LIABILITIES 713,356 NET ASSETS 713,356 FUNDS 13 Unrestricted funds Endowment funds TOTAL FUNDS |
Restricted Endowment funds funds £ £ - - - - - - - 106,429 - - - 106,429 - - - 106,429 - 106,429 - 106,429 |
2024 Total funds £ 1,250 1,007 27,251 268,420 531,799 828,477 (9,942) 818,535 819,785 819,785 713,356 106,429 819,785 |
2023 Total funds £ 1,250 1,413 9,788 242,636 601,451 855,288 (11,335) 843,953 845,203 845,203 751,171 94,032 845,203 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 13 May 2025 and were signed on its behalf by:
C Peacock - Trustee
The notes form part of these financial statements
Page 6
FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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.
Legacies
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made to the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed where material.
Grants
Grants of a revenue nature are credited to income in the period to which they relate.
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.
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 Computer equipment - 33% on cost
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
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES - continued
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.
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
| Donations Tax recoverable Legacies Grants Subscriptions Donated services and facilities Grants received, included in the above, are as follows: Other grants |
2024 £ 7,174 11,582 19,445 4,500 32,014 775 75,490 2024 £ 4,500 |
2023 £ 5,279 5,071 178,207 4,500 24,657 750 |
|---|---|---|
| 218,464 | ||
| 2023 £ 4,500 |
Included within grants receivable is £4,500 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 2024
3. OTHER TRADING ACTIVITIES
| Fundraising events Trading income INVESTMENT INCOME Investment income |
2024 £ 20,792 4,181 24,973 2024 £ 27,701 |
2023 £ 14,292 6,249 |
|---|---|---|
| 20,541 | ||
| 2023 £ 6,650 |
4. INVESTMENT INCOME
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits 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 31 December 2024 nor for the year ended 31 December 2023.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 218,464 Other trading activities 20,541 Investment income 6,650 Total 245,655 EXPENDITURE ON Raising funds 9,439 Charitable activities Grants to Durham Cathedral 64,394 Support costs 43,442 Total 117,275 Net gains on investments 5,206 NET INCOME 133,586 RECONCILIATION OF FUNDS Total funds brought forward 617,585 |
Restricted Endowment funds funds £ £ - - - - - - - - - - - - - - - - - 3,093 - 3,093 - 90,939 |
Total funds £ 218,464 20,541 6,650 |
|---|---|---|
| 245,655 | ||
| 9,439 64,394 43,442 |
||
| 117,275 | ||
| 8,299 | ||
| 136,679 708,524 |
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted Endowment fund funds funds £ £ £ TOTAL FUNDS CARRIED FORWARD 751,171 - 94,032 7. TANGIBLE FIXED ASSETS Office Computer furniture equipment £ £ COST At 1 January 2024 and 31 December 2024 18,339 945 DEPRECIATION At 1 January 2024 and 31 December 2024 18,339 945 NET BOOK VALUE At 31 December 2024 - - At 31 December 2023 - - 8. HERITAGE ASSETS MARKET VALUE At 1 January 2024 and 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 9. STOCKS 2024 £ Stocks 1,007 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Other debtors 27,251 |
Total funds £ |
|---|---|
| 845,203 | |
| Totals £ 19,284 19,284 - - Total £ 1,250 1,250 1,250 2023 £ 1,413 2023 £ 9,788 |
|
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
11. CURRENT ASSET INVESTMENTS
| Listed investments 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 13. MOVEMENT IN FUNDS At 1.1.24 £ Unrestricted funds General fund 751,171 Endowment funds The Late Major Lisle Pattison and the Late Mrs Dorothy Pattison 80,028 The Late Mrs Phyllis Mary Richardson 14,004 94,032 TOTAL FUNDS 845,203 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 128,164 (179,366) Endowment funds The Late Major Lisle Pattison and the Late Mrs Dorothy Pattison - - The Late Mrs Phyllis Mary Richardson - - - - TOTAL FUNDS 128,164 (179,366) |
2024 £ 268,420 2024 £ 9,942 Net movement in funds £ (37,815) 12,031 366 12,397 (25,418) Gains and losses £ 13,387 12,031 366 12,397 25,784 |
||
|---|---|---|---|
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Endowment funds The Late Major Lisle Pattison and the Late Mrs Dorothy Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS |
At 1.1.23 £ 617,585 76,598 14,341 90,939 708,524 |
Net movement in funds £ 133,586 3,430 (337) 3,093 136,679 |
At 31.12.23 £ 751,171 80,028 14,004 |
|---|---|---|---|
| 94,032 | |||
| 845,203 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Endowment funds The Late Major Lisle Pattison and the Late Mrs Dorothy Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS |
Incoming resources £ 245,655 - - - 245,655 |
Resources expended £ (117,275) - - - (117,275) |
Gains and Movement losses in funds £ £ 5,206 133,586 3,430 3,430 (337) (337 3,093 3,093 8,299 136,679 |
Gains and Movement losses in funds £ £ 5,206 133,586 3,430 3,430 (337) (337 3,093 3,093 8,299 136,679 |
|---|---|---|---|---|
| 3,093 | ||||
| 136,679 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Endowment funds The Late Major Lisle Pattison and the Late Mrs Dorothy Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS |
At 1.1.23 £ 617,585 76,598 14,341 90,939 708,524 |
Net movement in funds £ 95,771 15,461 29 15,490 111,261 |
At 31.12.24 £ 713,356 92,059 14,370 |
|---|---|---|---|
| 106,429 | |||
| 819,785 |
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
13. MOVEMENT IN FUNDS - continued
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 Endowment funds The Late Major Lisle Pattison and the Late Mrs Dorothy Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS |
Incoming resources £ 373,819 - - - 373,819 |
Resources expended £ (296,641) - - - (296,641) |
Gains and Movement losses in funds £ £ 18,593 95,771 15,461 15,461 29 29 15,490 15,490 34,083 111,261 |
|---|---|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 13
FRIENDS OF DURHAM CATHEDRAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 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 Website costs Postage and stationery Donations Contribution to salary Depreciation Grants to institutions Support costs Management Insurance Finance Bank charges Human resources Accountancy fees Carried forward |
2024 £ 7,174 11,582 19,445 4,500 32,014 775 75,490 20,792 4,181 24,973 27,701 128,164 1,190 21,492 22,682 1,200 9,421 100 31,694 - 108,045 150,460 341 951 1,705 1,705 |
2023 £ 5,279 5,071 178,207 4,500 24,657 750 |
|---|---|---|
| 218,464 14,292 6,249 |
||
| 20,541 6,650 |
||
| 245,655 2,872 6,567 |
||
| 9,439 - 9,739 100 27,000 3,411 64,394 |
||
| 104,644 344 672 1,650 1,650 |
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 2024
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 |
||
|---|---|---|
| Human resources Brought forward Software licences Total resources expended Net (expenditure)/income before gains and losses Realised recognised gains and losses Realised gains/(losses) on programme related investments Net (expenditure)/income |
2024 £ 1,705 3,227 4,932 179,366 (51,202) 25,784 (25,418) |
2023 £ 1,650 526 |
| 2,176 | ||
| 117,275 | ||
| 128,380 8,299 |
||
| 136,679 |
This page does not form part of the statutory financial statements
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