THE FRIENDS OF SOUTHWARK CATHEDRAL
The charity undertakes a programme of activities to raise money for Southwark Cathedral, and in particular the maintenance repair and beautification of the Cathedral and its fabric and furnishings, and to provide opportunities for Friends of the Cathedral to meet each other and to explore the Cathedral and other places together.
Financial health, per its FY2024 accounts
The charity maintains unrestricted reserves of £177,110, which the trustees consider sufficient to meet their policy target of three to six months' expenditure. The accounts are prepared on a going concern basis with no material uncertainties identified. The charity is audited via an independent examination rather than a full audit.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained in the current account at a level equivalent to between three and six month's expenditure.” — page 4
“Grants payable to Southwark Cathedral are listed in note 7 of the Accounts. Members’ Council reimbursed expenses are disclosed in note 10 of the Accounts. There were no outstanding balances at the year end.” — page 19
Trustees
- GEORGE MARTIN
- Jennifer Jones
- MARGARET JOAN BUSGITH
- REVD MICHAEL GRAEME RAWSON
- Sara Victoria George
- Tessa Bartley
- The Very Revd Dr Mark Oakley
- Vivienne Jane Baines
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £54k | £67k |
| 31/12/2023 | £50k | £56k |
| 31/12/2022 | £50k | £32k |
| 31/12/2021 | £50k | £32k |
| 31/12/2020 | £156k | £165k |
Common questions
Is THE FRIENDS OF SOUTHWARK CATHEDRAL financially healthy?
Per its FY2024 accounts: The charity maintains unrestricted reserves of £177,110, which the trustees consider sufficient to meet their policy target of three to six months' expenditure. The accounts are prepared on a going concern basis with no material uncertainties identified. The charity is audited via an independent examination rather than a full audit. Its FY2024 accounts were independently examined.