SOUTHWARK CATHEDRAL EDUCATION TRUST
Report and Financial Statements
For the Year Ended 31 March 2024
Charity number 1058369

SOUTHWARK CATHEDRAL EDUCATION TRUST
CONTENTS
PAGE
Reference end Administrative Details
Trust8e Responslbllili8S
Annual Report of the Trustees
Independent Examlner's Report
Statement of Flnancial Activities
Balance Sheet
Cashflow Statement
10
Note8 to tho Flnanclal Stat8m8nts

SOUTHWARK CATHEDRAL EDUCATION TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
CHARifi REGISTRATION NUMBER:
1058369
TRUST2E8:
The Reverend Canon Wendy Robins
The Very Reverend Dr Mark Oakley - 8ppoint8d January 2024
Mrs Linda Hutchinson
Mrs Rosalin(J Cordner
Mrs Helen Quintrell
Professor Peter Toyne CBE - reslgned Aprll 2024
Mr Amlr Eden - reslgned June 2024
Mr Nicholas Chapman - resigned January 2024
Mr Cherles Edward Lord OBE - 8ppointad January 2024 1resigned
November 2024
REGISTERED ADDRESS:
Leaming Centre
Southwark Cathedral
Montague Close
London
SE19DA
INDEPENDENT ExAMIN8R:
H Day Bsc (Hons) FCA DChA
Xeinadin
Chartered Accountant5
Nlghtlngale House
46148 East Street
Epsom
Surrey
KT17 1HQ
BANKERS:
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West M811ing
Kent
ME19 4JQ
Th8 CBF Church of England Funds
80 Cheapside
London EC2V 6DZ
SOLICITORS..
Winckworth SheNood,
35 Great Peter Str8et. Westmlnster.
London
SW1P 3LR
Report and Financial Statements - March 2024
Page12

SOUTHWARK CATHEDRAL EDUCATION TRUST
ANNUAL REPORT OF THE TRUSTEES
The Trustees are responsible for preparlng the Annual Report and the financial statements in accordance with
applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law requires the Trust8es to
prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity
and of the income and expenditure of the charity for that period. In preparing those financial statements, the trustees
are required to..
select suitable accounting policies and then apply them consistently,.
observe methods 8nd principles in the Charity SORP.
make judgments and estimates that are reasonable and prudent; and
prepare financial statements on the going concem basis unless it is inappropriate to presume that the charlty
will continue in operation.
The Tru8te8s are re8ponslble for keeplng proper aGcountlng records whlch dlsc108e wlth r8a80nable aGcuracy at any
time the financi81 position of the charity and to enable them to ensure that the financial st8tements comply with law
applicable to charities. They are also responsible for safeguarding the assets of the charity and hence for taklng
reasonable steps for the prevention and detection of fraud and olher irregularities.
Report and Financi81 Slalemenls- March 2024
Page13

SOUTHWARK CATHEDRAL EDUCATION TRUST
ANNUAL REPORT OF THE TRUSTEES
The Trustees present their Annual R8POrt and financial statements for the year ended 31 $1 March 2024.
OBJECTIVES AND ACTIVITIES
Southwark Cathédral Educatlon Trust. the "charftf, operates a Leamlng Centre which aims to provide opportunities
for children, famili8s and adutts to leam about the Christian faith in ways which stimulat8 curioslty, aw8 and wonder
in the unique setting of Southwark Cathedral. The centre provides curriculum-linked trails, workshops and themed
days for children and young adult5 Wlth the aim to educate In an excillng, engaging and experlential way. The
Trustees have had regard to the Charity Commission Guidance on delivering public benefit.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charlty Is controlled by Its constltution and represents an unlncorporated charily. Trustees are appolntad In
accordance with the constitution to have Independent control, and legal responsibility for, the charity's rnanagemont
and administration.
TRUSTEES
The current Trustees are shown on page 2. The Very Reverend Dr Mark Oakley was appointed In January 2024, Mr
Nlcholas Chapman resigned In January 2024. Professor Peter Toyne CBE resigned in April 2024, Mr Amir Eden
resigned In June 2024 and Mr Charles Edw8rd Lord OBE was 8ppointed In January 2024 and subsequently resigned
In November 2024. All other Tnjstees served throughout the period.
The Trustees give their time freely and receive no remuneration or olher flnanclal beneffts. No Trustee had any
ben6ficlal Interest In the charity in 2024 or 2023.
ACHIEVEMENTS AND PERFORMANCE
PRINCIPAL ACTIVITIE5
The prfnclpal activltles of the charlty are to educate Chlldren and young adults by uslng the Cathedral a8 an
educational resource. During the year, the Leaming Centre worked with 3,487 visltors {2023,' 2,648).
Vl•ltor Numb•r•
318T MARCH 2024
31•T MARCH 2023
Prlmary
Secondary
AduKs LINSETI_-
3,089
349
49
3,487
2,390
240
18
MAN ACHIEVEMENTS
This year has seen school visit numbers increase on the previous year despite some signlficant setbacks when tho
Learning Centre teaching space became unusable for several months due an Issue wlth the celllng. Our focus has
continued to be on maintaining high-quality education session deliveryatthe Cathedral whilst simultaneouslyworking
on strategic developmenl planning.
We successfully recruited two new volunteers to the teem, one to jo5n the exlsting leaming facllltation team and the
other to support administration wtth the alm of freeing up some of our Manager's tlme to be able to develop and
expand our programme. We have b88n attracting new schools to Ihe Cathedral Including several schools wlth high
levels of students facing social and economic disadvantage who were able to access free visits through a new
bursary scheme.
Our school tralls remain our core actlvity. On top of these we have contlnued to offer 'pop-up' famlly actlvltles In the
school holldays in partnershlps with other local heritage providers. We have also continued to strengthen our
relationship with the Southwark Diocesan Board of Education, partnering wth them to support their teacher
contlnulng professional development sessions ft)r Early Career Teachers and teacher5 who are new to diocesan
schools, as well as co4elivering their annual Joumey to the Manger event for Year 2 students from across the
diocese.
Repori and Financial Slalemenls - MarGh 2024
Page14

SOUTHWARK CATHEDRAL EDUCATION TRUST
ANNUAL REPORT OF THE TRUSTEES
OPERATIONAL REVIEW
The Education Officer (now called Leaming Centre Manager) has continued in post for a second year on a part-time,
permanent basis. Having reduced staffing levels durin9 the pandemic, our work continues to be supported by a team
of experienced volunteers. The Leaming Centre Manager has h8d some success in recruiting new voluntears, but this
continues to be a priority area for the nexl financial year.
Essential maintenance to the Learnlng Centre's dedicated classroom required a complate relocation of the centre to
the nevly vacated Cathedral shop space. The team manag8d this relocation proc8ss wilh mlnlmal impact to core
programme delivery. Visitor numb8rs were negatively impacted when some visits had lo be cancelled and reimbursed
because there was no teachlng space for handS￿n workshops durlng the large-scale exhlbition 'Museum of the Moon,
in October 2023.
Heritage education grant fundlng remains dlfficult to find but wa have r8¢elved a grant that had enabled the Learning
Centre Manager to develop a bursary scheme and a second small grant to support core costs.
MOST POPULAR fRAILS
ExplorFng Christian Symbols, Religlon In Roman Brltaln
MOST POPULAR WORKSHOPS
Candl8-Making, Stained glass
VOLUNTEERS
The Leamlng Centre Is supported by 12 actlve volunteers. The volunteers are vltal to our work. They bring a wealth
of experlence to the tralls and workshops which they support.
FINANCIAL REVIEW
The Leamlng C8ntr8 allows students to engage wlth hlstory and heritage at Southwark'8 Stunnlng Cathedral. rlch In
art, architecture, symbolism and worship tradition5 which all0v￿ the charty to provide a leaming experience well
beyond the scope of most classrooms.
Arthough our activit1•8 were In hlgh demand wlth schools during the year, unscheduled malntenance to our dedicated
classroom space constrained vi8ltor numbers and resumed In a small deficit.
We contlnue to be very grateful to all our funder8, our Circle of Support 8nd grant funders as well as our volunteers
who help mak8 the work of the Leamlng Centre posslble.
The flnanclal results for the year are 88t out In the 'lncome Statement, on page 8 and show a deflclt of £2,938 (2023:
deficlt of £1.593). Tolal funds at the end of the year amounts to £109,364 (2023: £112,302), these funds are held for
future use in the charity's actlvitles and to ensure continulty.
Report and Financial Slalemenls - March 2024
Page15

SOUTHWARK CATHEDRAL EDUCATION TRUST
ANNUAL REPORT OF THE TRUSTEES
RISK POLICY
The Trustees hav8 conducted a review of the major risks to which Ihe Learning Centre is 8xposed. as required by
the Charily SORP, to ensure the effectiveness of ils intemal operational and finanGial control systems.
The table below identrfies the five major risks, thelr possible impact on the Centre and the measures tsken to
minimiie such risk.
RISK
IMPACT
MEASURES TO MINIMISE RISK
SAFEGUARDft4G
CHILDREN, STAFP
AND VOLUNTEERS
• Exposure to physical and emotlon81
dangèr
R8pulalional damag8 to the Centre and
the Cathedral
Safeguarding and Hearth & Safety pollcles
• High educatlonal standards enacted
Fomal recruitrnent procedure
• Attention paid to children wtth speelal needs
maintenan￿ of resources and equlpment
• Fomial recruitment procedures
Acllve Ilne management
In servlce tralnSng
Regular reportSng to Trustees
Regul8r feedback from schools
Occaslon81 oxtemal inspection
• Regular Twsleg meeltngs
Robust and clear reports to Trustees
Règular reportlng lo othar 5tskgholders, e.g.
Cathèdral Chapter and funders
• Trust88s are ewerlenced indlvlduals wfjth
knowtodg8 of education andlor of th6
Cathedral and its mission
POOR
PERFQRMAN¢E BY
PAJD *J40
VOLUNTARY STAFF
• Educatlonal quallty decreases
Reduction In numbers of vlsits
Reputational damage for the Centre
and the Cathedr81
Tho C8ntr8 fails to uphold Cathedral I
Chrfsllan values & ethos
POOA
OOVEIINANCE
Los8 of strateglc dlrectlon
• Lack of development
• Relallonship wlth Cathedral weakenod
• Staff and volunteers unmonllored and
unmotlvated
IwEauATE
FiINDKAI8•40
• Inabllty to 8usl8ln a full arKI exdtlng
rangè of trails and workshop8
Long tsrrn viabllity of the contre
• Regular agenda Item for Trustee8
Flnanci81 re8eNe8 protect ag8lnst 8hort lomi
deflclts
FINANCIAL
MI8MA14AaEMENT
Errorn In Flnancial Statèments
Flnanclal Fraud
Los8 of confidence by fundars
• Regular reportlng to Tru8le&8
Dual control over all payments
Annual Independent ExamlnBtion
Approvad by the Trustees and slgn8d on thelr behalf by:
The Reverend Canon Wendy Robins
Trustee
Date.. e.i
Report and Financial Slalemenls - March 2024
Page16

SOUTHWARK CATHEDRAL EDUCATION TRUST
INDEPENDENT EXAMINER'S REPORT
I report on the accounts for the year ended 31 March 2024 set out on pages 8 to 15.
Respective responsibilities of trustees and oxamlnor
The charitls trustees are responsible for the preparation of the accounts. The charitrfs trustees consider that an
audit is not required for this year (under Section 14412) of the Charities Act 2011 (the 2011 Act)) and that an
independent examinalion Is required.
It is my responsibility to..
examlne the accounts under Sectlon 145 of the 2011 Act
to follow the procedures lald down in the General Directions glven by the Charlty CommissSon (under Section
145{5){b} of the 2011 Act); and
to stste whether particular matters have come to my attention.
Ba$1$ of the Independent examlner's report
My examlnation was carried out in accordance with the General Direction8 glven by th8 Charty Commission. An
examlnation Includes a rovlew of the accounting records kept by the charity and a comparison of the accounts
presented wlth those records. It also Includes conslderation of any unusual Items or dlscSosures In the accounts, and
s&8klng 8xplanatlons from you as trustees concerning any such mattars. Th8 procedures und8rtaken do not provlde
all th& evldenGe that would be requlred In an audit, and consequently no oplnlon is given as to whether the accounts
present a 'true and falr view ' and the report Is Ilmlted to those matters set out In the statements below.
Independent examln•rfs •tat•m•nt
In connection wlth my examination. no matter hes come to my attentlon:
(1)
Ich gtves me reasonable cause to bèlieva that, In any materlal respect, the requlrements
to keep accountlng record8 In 8ccordanc8 wlth SectSon 130 of the 2011 Act; and
to prepare accounts which accord wlth the a¢countlng rocords and to comply wlth the ac¢ountlng
requlroments of the 2011 Act
have not been met; or
(2)
to which, in my oplnlon, attention should be drawn In order to enable a proper understandlng of the accounts
to be reached.
H Day Bsc (Hons) FCA DChA
Xeinadin
Nlghtlngale House
4648 East Street
Epsom
Surrey
KT17 1HQ
Date.. 131 ilas
Report and Financial Slalemenls - March 2024
Page17

SOUTHWARK CATHEDRAL EDUCATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES- FOR YEAR ENDED 31ST MARCH 2024
Notes
31st March 2024
Restricted Unrestrlcted
Funds
Funds
31st March 2023
Restricted Unrestricted Total
Funds
Funds
Funds
Total
Funds
Incoming Resources
Grants received
Donations
Gift Aid
Income from schools
Investment incorne
[3]
[4]
22,862
1,000 23.862
2.510
2,510
291
291
15,189
15,189
4.939
4,939
23,929 46,791
25,626
25,626
2,485
329
12,392
2,235
43,067
2,485
329
12,392
2,235
17,441
22,862
25,626
Resources Expended
Salaries and pension
Rent and servlces
D8preclatlon
Other expenses
[5]
2.862
20,000
22,015 24.877
20,000
1,195
1,195
3.657
3,657
26,867 49,729
5,626
20,000
13,394 19,020
20,000
1.596
1,596
4.044
4.044
19,034 44,660
22,862
25,626
Net Incomlng l (outgolng)
resources
Transfers belween funds
Net movement In funds
(2,938) {2,938)
(1,593) (1.593)
150
(150}
(1501
(2,938) (2,938>
11,443) (1.593)
Tot81 funds brought forward
Total funds carried forward
112,302 112,302
109,364 109,364
150
113,745 113,895
112,302 112,302
[10]
Repon and Financial Sialemenls March 2024
Page18

SOUTHWARK CATHEDRAL EDUCATION TRUST
BALANCE SHEET_ As AT 31ST MARCH 2024
Notes
31st March 2024
31st March 2023
Non-current As8ets
Tangible Fixed Assets
[71
163
1,358
Current Assets
Debtors.. amounts falling due within one year
Cash at bank and in hand
2,331
112,349
114,680
1.476
120,782
122,258
Current Llabillties
Credltors: amounts falling due wlthln one year
5,479
5.479
11.314
11,314
Net Current Assets
109,201
110,944
Net Assets
109,364
112,302
Representlng:
Unrestricted funds
Restricted funds
110]
109,364
112.302
Total Charity Funds
109,364
112,302
The financlal statements were approved by the 8oard of Trustees on E 7•th￿
slgned on rts behaff by:
and were
The Reverend
Trustee
non Wendy Robins
Report and Fin8n¢ial Slaiemenls - March 2024
Page19

SOUTHWARK CATHEDRAL EDUCATION TRUST
CASHFLOW STATEMENT- FOR YEAR ENDED 31ST MARCH 2024
Notes
31st March 2024
31st March 2023
Cash flows frorn operating activities
Cash generated from operations
1111
{8,433)
6,948
Cash flows from Investlng activities
Purchases of Flxed Assets
(484)
Nat change In cash and cash equlvalents in the reporting
perlod
(8,433)
6,464
Cash and ¢85h equlvalents at the beginnlng ol the year
120,782
114.318
Cash and cash equlvalents at tho end of the reportlng
period
112,349
120,782
Report and Financial SialerTrenls
March 2024
Page 1 10

SOUTHWARK CATHEDRAL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- FOR YEAR ENDED 31ST MARCH 2024
1. GENERAL INFORMATION
The Southwark Cathedral Education Trust is 8 registered charity which operates the Southwark Cathedral Leaming
Cenlre. The charity is Gontrolled by its gov8mlng document and constitutes an unincorporated charity. The principal
activities of the Trust are to educate children and young adults by using the Cathedral as an educational resource.
The reglstered address of the charity is:
Learning Centre
Southwark Cathedral
Montague Close
London
SE19DA
These flnanclal stslements have been prepared under the hlstorlcal cost convention, and In accordance wlth the
'Stalement of Recommended Practlce. Accountlng and Reporting by Cttarities. SORP IFRS 102>.
Th• financial statements h8ve been prepared on the going concern basis and are presented in Sterling, the functional
currency of the Trust, rounded to the nearest £1.
2. AccouNTING POLICIES
INCOMING RESOURCES
All incomlng resources are included on the Statement of Financial Actlvlties when the Trust Is legally entitled to the
income and the amount can be quantmed with reasonable accuracy. Unrestricted funds can be used in accordance
wlth the charftable oblectives at the dlscretlon of the trustees.
Re8trlcted funds can only be used for particular res￿cled purposes wtthln the objects of the Trust. Re$trlctions arise
when specified by the donor or wh8n funds are rai88d for particuler restrlcted purposes.
Designated funds are those unrestrlcted monles whlch the trustees have decid8d to set aslde for 8 speclfic purpo$o
or for u8e in a speGlfic period.
RESOURCES EXPENDED
Expenditure Is accounted for on an accruals basls and has been Class￿led under headings which aggregate all cost
related to that category. Wh8re costs cannot be dlrectly attrfbuted to partlcular headlngs they have been allocated to
activities on a basis conslstent vAth the use of resources.
TANGIBLE FIXEO ASSETS
Tanglble A880ts are capltsllsed on the balance sheet as flxed assets. Flxed assets are stated In the accounts under
the historical c08ts basis less accumulated depreciation. Depreclation 18 provided at the followlng annual rates;
Fixtures and fittings
250k
Computers and software
33Vo
FINANCIAL INSTRUMENTS
Flnancial instruments are classrfied and accounted for, according to the substance of the contractual arrangement,
as either finan¢l81 assets, financial liabilltles or equlty Instruments.
Report and Financial Slaiemenls - March 2024
Page 1 11

SOUTHWARK CATHEDRAL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- FOR YEAR ENDED 31ST MARCH 2024
3. GRANTS RECEIVED
RESTRICTED FUNDS
31st Mar¢h 2024
31st March 2023
Restricted Funds - Grants
Southwark Cathedral
Cathedral Partnershlp (Southwark Cathedral)
St Olave's and St Saviourfs Schools Foundation
20,000
20.000
5,625
2,862
25,625
During the year the charity recorded a donation of £20.000 (2023 £20,000), from Southwark Cathedral to represent
the donatlon of rental space occupled by the Leaming Centre. The Very R8ver8nd Dr Mark Oakley, The Reverend
Canon Wendy Robins and Mrs Linda Hutchinson are Trustees of both Southwerk Cathedral Education Trust and
Southwark Cathedral. The grant from St Olave's and St Saviour's Schools Foundatlon of £2,862 (2023". nil) covers the
cost of providing free activities for disadvantaged Southwark schools (defined as those schools vthere thlrty five percent
or more of the pupils of that school are eligible for pupil premium).
UNRESTRICTED FUNDS
318t March 2024
31st March 2023
Unrestricted Funds - Grants
Worshipful Company of Launderers
1,000
1,000
In 2024 The Worshlpful Company of Launderers provlded an unrestricted grant of £1,000 In support of the Learning
Centre's work wlth young people 2024 (2023., no unrestrlcted grants were recelved).
4. DONATION8
Circle of support clonations are from 8 group of people who value the advantages given by thelr own educatlon to
want to 8ncourage the centre In Its work, by making 8 commltment to help with our funding.
31st March 2024
318t March 2023
Unrestricted Funds
Clrcl8 of support
2,510
2,485
2,510
2,485
Report and Financi81 Slalemenls - March 2024
Page 1 12

SOUTHWARK CATHEDRAL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- FOR YEAR ENDED 31ST MARCH 2024
5. EMPLOYEE COSTS
31st March 2024
31st March 2023
Wages and salarfes
Soclal seeurlty costs
Defln8d contrlbutlon penslon costs
23,692
18.158
1,185
862
24,877
19,020
No employee has recelved total employee benefits of more than £60,000, The number of employees per month
was one.
TRUSTEES REMUNERATION
No trustees received any remuneratlon or other beneflts In respect of services rendered to the Trust or the years
ended 31 March 2024 and 31 March 2023.
PENSION SCHEME
Southwark C8thedral Education Trust arrangements for the provision of pension benefits consists of a defined
contribution scheme. Contributions into the scheme durlng the period were £1,185 (2023 - £862).
6. OTHER EXPENSES
318t March 2024
318t March 2023
Educatlon supplles
Insurance
Workshops & volunteers
Bank charges
Other expenses
1,684
203
62
60
1,648
2,040
168
72
1,764
3,657
4,044
Govemance cost5 of £1,395 are included in Other expenses.
Report and Financial Slaloments - March 2024
Page | 13

SOUTHWARK CATHEDRAL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- FOR YEAR ENDED 31ST MARCH 2024
7. TANGIBLE FIXED ASSETS
Flxtures & Computers
Flttlngs
& Software
Total
Cost
As at 1¥1 April 2023
Additlons
5,860
3,583
9,443
As a 31¥1 March 2024
5,860
3,583
9,443
Accumulated D•pr•clatlon
As at 1 Bt April 2023
5,860
2,225
8.085
Charge for the year
1,195
1,195
As at 3181 March 2024
5,860
3,420
9,280
Net Book Value at 3111 March 2023
1,358
1,358
Net Book Valu• at 31•1 March 2024
163
163
8. DEBTORS: AMOUNT8 FALLING DUE WITHIN ONE YEAR
31•t March 2024
31st March 2023
Amounts ow8d from 8chools
Other debtors
731
1,600
248
1,228
2.331
1,476
cRED￿oRS. AMOUNTS FALLING DUE WITHIN ONE YEAR
31st March 2024
31st March 2023
Accnjed expenses
Deferred income
Other Creditors
1,375
4,104
3,348
3,606
4,360
5.479
11,314
Deferred income comprises school income which has been received in advance of the school visit.
Report and Financial Slatemenls - March 2024
Page | 14

SOUTHWARK CATHEDRAL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS_ FOR YEAR ENDED 31ST MARCH 2024
10. ANALYSIS OF CHARITABLE FUNDS
Restrlcted
Funds
Unr08trlcted
Funds
Total
Funds at 1¥1 April 2022
Incomlng resources
Resources expended
Transfers be￿een funds
Total funds at 3151 March 2023
150
25,626
{25,6261
(150>
113.745
17,441
(19.034)
150
113,895
43,067
(44,660)
112,302
112,302
Funds at 1st Aprll 2023
Incomlng resources
Resources expended
Transfers belfften funds
112,302
23,929
(26.867)
112.302
46.791
(49.729)
22,862
(22,862)
Tot81 funds at 3141 March 2024
109,364
109.364
11. RECONCILIATION OF NET INCOMEI(EXPENDITURE) ro NET CASH FLOW FROM OPERAnNG ACTNrriES
31st March 2024
31st March 2023
Net Incomel(expendlture) for the reportlng perlod
Adjustments for:
Depreclatlon on flx8d ass8t6
Decrease l (increase) In debtor8
Increasel(decrease) In Gredltors
(2,938)
(1,593)
1,195
(855)
(5,835)
1.596
315
6.630
Net cash provided byl (used in) operatin9 activities
(8,433)
6,948
Report end Financial Slalemenls - M8rch 2024
Page | 15