SOUTHWARK CATHEDRAL EDUCATION TRUST Report and Financial Statements For the Year Ended 31 March 2025 Charity number 1058369
SOUTHWARK CATHEDRAL EDUCATION TRUST CONTENTS PAGE Reference and Adminl8lTative Detsil$ Trustee R8sponsibilrtle$ Annual Report of Ihg Tru$tee8 Independent Examiners Report Statement of Flnancial Actlvlties Balance Sheet Cashflow Statement 10 Not88 to thè Flnan¢ial Slalem•nt8 Finan-ldl sihiemenis 202b
SOUTHWARK CATHEDRAL EDUCATION TRUST REFERENCE AND ADMINISTRATIVE DETAILS CHARITY REG18TRATION NUMBER: 1058369 TRUSTEES: The Reverend Canon Wendy Roblns Th8 Very Roverend Dr Mark Oakl8y Mrs Linda Hutchinson Mrs Rosallnd Cordner Mfs Helen Quinlrell Professor Peter Toyna C8E- resign8d Apnl 2024 Mr Amir Eden - resignod Jun8 2024 Dr M81colm Balnes- appoinled J8nuary 2025 Dr Michael Brockett- 8ppolnl8d February 2025 Mr Charf8s Edward Lord OBE- reslgned NOVemr 2024 REalSTEREO ADDRess: Leaming C•ntr8 Soulhwark Cathedral Monlaguo Clos8 London SEI 9DA INDEPENDENT EXAMINER.. H Day BS¢ (Hon8) FCA DChA Xelnadin Chartered Accountants Nightingale House 46148 East street Epsom Surrey KT17 1HQ 8ANKER8: CAF Bank Llmlted 25 KiThg8 Hill Avenue Kln99 Hlll Wesl Malllng Kenl ME19 4JQ The CBF Church of England Funds 80 Che3p8lde London EC2V 6DZ SOLICITOR8: nCorth Shemood. 35 Great Peter Slreot. W6stmln3t8r, London SW1P 3LR Report and Filia11 Ststemenls- M9rch 2025 Page12
SOUTHWARK CATHEDRAL EDUCATION TRUST ANNUAL REPORT OF THE TRUSTEES The Trustee$ ara responslble for preparing the Annual Report and the financlal statemenis In accordance wtih 8pplicabl8 law and Untted Kingdom Genarally Accepted Accountlng Practice. Cheiity law iaqui188 the Trustees to prepare financial stalemenls for each flnancial year whlch give a true and f8irvrew of the 81a18 of affairs of the charity and ofthe income and éxpendilure ofthe charty for that period. In preparing those finan¢lal $latements, the trustees are requlred to: selecl sullable accountlng policles and then appty them con818tently: ¢b8eN¢ melhod8 and princlples In the ChaTIty SORP: in8ke judgments and estimate8 that are r•asonab18 and prudenl; and prepare financlal statements on the going concern basis unless It Is Inappropriate lo presumo that Ihe charity will conlinuo in operallon. The Tiustees are responsiblg for keeplng proper accounliNJ record8 whlch disclose wilh reasonable accuracy at any tlme the flnancial positlon of the charlty and to anable them to ensure Ihat the financial 8latement$ comply with law applicable to charitles. Th8y arè also responsible for 5afeguardlng the assets of the charity and hénce for taking reasonable steps for the prevenllon and detectlon of fraud and other irregulariti8s. Report and Financial Slalemenls- M8fch 2025 PAgg13
SOUTHWARK CATHEDRAL EDUCATION TRUST ANNUAL REPORT OFTHE TRUSTEES The Trustees present thelr Annual Report and financial 8t8tements for Ihe year ended 311¢ March 2025. OBJECTIVE8 AND ACTIVITIES Soulhwaik Calhedral Edu¢allon Trust. the 'chaiity', operates a Learnlng C8ntr8 whl¢h aims lo provld8 opportunilies for childien, families and adult8 to leam aboul Ihe Christlan faith in ways which stimulate cuiiosty, awe and wonder In the unlque settlng of Soulhwark Calhedial, Th¢ centre provid8s curri¢ulum-Ilnked Irall$, workshops and Ihemed days for children and young adulls Vth the alm to educate In an ex¢iling, engaging and experlentlal way. The Trustees have had regard to the Charity Commlsslon Guldance on delivering publlc benarrt. STRUCTURE, GOVERNANCE AND MANAGEMENT The ¢harity Is contn>tled by It8 conslltution and represents an Unincol[ated charify, Trustee3 are appolnted In accord8nce with the constitutlon lo have Indepondent control. and legal responsibilty frjf, the Charity's management and 8dminlslratlon. TRUSTEES The current Trustees are shown on page 2. Dr Malcolm Balnes was appolnted In January 2025, Dr Michael Brockett was 8ppolnted In F6bwary 2025. Professor Peter Toyne C8E re81gned In Aprll 2024; Mr Amir Eden resigned In June 2024 and Mr Charles Edward Lord OBE resigned In November 2024. All other Trustee8 6eryed throughout th8 perlod. The TruBtee8 glvè thelr Ilmg Ireely end recelve no remuneratk)n or othor financlal benefrts. No Tru8lea had any beneficlal Inlere8t In th8 charity in 2025 or 2024. ACHIEVEMENT8 AND PERFORMANCE PRINCIPAL ACTIVITIES Tho princip818ctlvitl•$ of th8 charity are lo educate children and young adulls by using the Cathedral as an educotSonal r8sour¢o. Durlng fh8 year, the Learning Centre workéd with 4,212 vlshor8 (2024; 3.4871. Vl•llor Numb•rn 318T MARCH 20 318T MARCH 2024 PAm8ry Secondary Adults IINSET 3.875 263 74 3.089 349 49 MAIN ACHIEVEMENTS This year the Learnlng Centre has seen upward growth in student visltg from schools across London and nelghbourlng Counties (Surrey, Kent, E8sex). Post-visit surveys have conslstently shown very hlgh levels ol le8cher sallsfacllon for our programme in lerms of meeling curriculum needs. ¥ludenl engagement, $tud6nt leamlng and posillve vl8ll ¢xperlence. As wèll a$ dellverlng our Standard programme supporling RE. History and Arts currlcula a¢r08S the year. we also d8veloped a bespoke new programme focussed on climate justlce and sustainable livlng. This connected wilh the Cath8dr81'8 autumn exhibition 83 well as thelr wkjer sus18inability strategy. Sludent work Created as part of thelr visit8 with us was diyplayed at Iha Cathedral with some of the work also shown at Ihe Houses of Parliament In partnershlp wlth Christlan Aid, Wo hav8 continued to 8UPPOrt the Calhedral In developlng famlly198rning sossbns for visrtors, We delivered anolher successful famlly learnlng project with The Soulhwark Heritage Centre over Ihe stsmmer holidays. During the 'Threads through CFealion' Oxhibilion at the Calhedral. family visitors were invited to explore '¢re8led' objecls from the local Cuming Museum colle¢tlon that hlghlighted Soulhwath's 'Maker' heritageq from scrim8haw lo silk, with younger vl$rtor$ al80 making ¥llk moth puppels. Report and Financial slat8menls- March 2025 Page14
SOUTHWARK CATHEDRAL EDUCATION TRUST ANNUAL REPORT OF THE TRUSTEES .Throughout the year we have Continued to work closely with tho Southwark Diocesan Board of Edu¢alion offerlng .Iraihin9 Vlsits for diocesan teachers and partnerfng with them on Ihe annual Jouiney to the Man9er event at th8 Calhedral which welcomes around 200 year 2 sludents from acioss Ihe diocese to learn aboul the meanlng of th8 Christmas 810ry. OPERATIONAL REMEW The Work of the Learnlng Centre is managed by a part-timo Lewning Cenlfe Manager who teaches on Iho prograrnm8 fis well as managing the operational element8 of our year-round aGllvty. Our volunteer loam ¢¢nllnue6 to be our core resource supporting teachlng aclivity and we have a commltted, dedicaied and ekllled team of 12 acllve volunte8r8. In November 2024 we recruited a part-time adminlstrator to 8UPPOrt school visit booklngs and some other 8r&8$nf 8dminlsliatlon to enable the Learnlng Centre Manager to gNe more time to focus on developing th8 learning prograrnme and worklng with volunteers. This year have organlsed thie8 extern81 sile visit8 for our volunteers lo other heritage sltes to look at thelr learnlng proarammes as part of Ihelr developnwnt and team bullding. Wfs have al80 hosted hvo skllls.sharlng vl8lt8 from olher Cathedral Leaming teams. MOSTPOPULAR TRAILS Exploring Chr18t5an Symbols, Rellglon In Roman 8ritaln MosrpopuLAR WORKSHOPS Hand$ on pupp618, Candlfrmaklng, VOLUNTEERS Th8 Le8mlng Centre 18 $UPPOrtèd by 12 actlve volunl•8r8. Tha vOnte•r8 ar• vital to our Work. Théy bring a wealth of experience to Ihe trai18 and workshops which Ihey iupport. FINANCIAL REVIEW The Learnlng Centre allows stud8nts to engage with hlstory and herttage at Soulhwark'8 stunning Cathedral, rich In 4rt, architecture, symbollsm and wor8hlp tradlllon8 whlch all(Ms Iha charty to provido a learnlng experien¢• w•ll beyond the scope of most cla88rooms. Although our actlvilles were In hlgh demand with 8chools during the year. addkional staff costs due to employlng 8dmlnSstrative support resulted in a break4ven result for tha year. We ¢ontinue to be very grateful lo 811 our funders, our Clrclè of Support and grant funders as well as our volunteers who help make the wotk of Ihe Learnlng Centr6 posslble. The financi81 results for the year are Sel oul ID the 'lncome Slatemenf on page 8 and-IhtMI a Surplus of £219 (2024., deficit of £2,938). Tolal funds at fho end of the year amount810 £109,583 (2024:£109,364). the$& fundg are held for future uso in th• eharity'8 activilles and to ensure contlnuity. Re.porl 8nd Financial StBlemenls-.March 2025 Page15
SOUTHWARK CATHEDRAL EDUCATION TRUST ANNUAL REPORT OF THE TRUSTEES RISK POLICY The Tru8tee8 have ¢ondu¢ted a review of the major ri$k8 lo whlch the Learning Centre18 èxposad, as required by the Charty SORP. to ensure the eff8cllvene88 of it8 intern81 operatlonal and financial control systems. The tabl8 below identifie8 the five malor risks, their po88ible Impacl on th8 Centre and the m88sur8s taken to mlnimlze 8uch rlsk. R18K IMPACT MEASURES TO IAINIMISE RISK SAFEGUARDING CHILORÈN. 8TAFF AtID VOLUN7EER8 Exposure lo physlcal and emoNon81 d&n9er Rgpulallonal damag6 to the Centre and lh8 Cathedral Safegvardlng and Health & Salèty pollctas * HvJh edU110nal slandards enacted • FOal recwlkneni proceduro • Attontlon pald to chlldren with 8po¢l81 needs • Malntenance of resour5 8nd equlpment . Fonnal recfullment procedur09 • Acti Iln8 manageménl • In $grvlc8 tralnlng • Regulaf Teporting to Twsleèa • Regular leedback fram 8chool$ • 0¢810n81 6Xternd Insppcuon Regular Truslee mgetlngs Robu81 ond dèar reports to Tru$t88$ • Regular r8portlng to other 8lakehold8rs, è.g, ¢athadr81 Chapter and OJnders • Tnjyloes Aro expert8nced Irrtllvldug18 wlth nowledgo ol •duc8llon 8ndloT of Ihe Calhedral and its mlsslon Educatlonal qualty dwoo$o8 • Redudion In numbars of vis118 Ropula1)nal damage for tho Contre and th8 C8lhedro1 • The Centio la118 lo uphdd Cathedral I Chr1811an value8 & elhos PQRFORMANCE BY PAIDAND VOLU>4TARY BTAFF P¢)OR O¢WEMNAN¢e • Loss of str818gk direOn La(* of dev•lopm8nl Relallonshlp with Calhodrnl weakened staff and volunteols unmonllored aNJ unmoilvaled IIIADEQVAT FUNDRAISIMG InAbllity to sust8ln a full ar&1 exdUng rango of tf8118 and worf(6hops • LoThJ lenn &bIlIty ol tho c•ntre • Regular 8gonda 518m for Tfus10•8 • Fln8nelo1 reseNe$ protect 8galnst Jhort larm defWts FINAN¢iIL h118hilllAGEMEHT Errors In Finandal Stsigm•nls Financial Fraud • L058 ofconlldence ty fund8r8 • Regular rèporflng to T180$ Dual conlrol over 811 payment6 • Annual Independent Exwnlnallon Approved by Ihe Trn8tee$ and $igned on thelr beh8lf by: The R8verend Canon Wendy Robin8 Truste6 Date: Ll Report and Financial Slalemenls- March 2025 Page16
SOUTHWARK CATHEDRAL EDUCATION TRUST INDEPENDENT EXAMINER'S REPORT I report on the accounts for the year ended 31 Marth 2025 88t out on pages 8 to 15. Ro8POCtlve r•spon31bllftle8 of twstee8 and gxamlnor The charity's Iruslees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for Ihls year (under Secllon 144{2) of the Charitlas Act 2011 (the 2011 Act) and that an Independent examination is required. It Is my responslbllty to: examine Ihe account8 under Sectlon 145 of the 2011 Act lo follow the procedures lald down In th• General Dlfections given by Iho Charlty Commi$$lon (under Secllon 14515)(b) of the 2011 Act); and to state whether partl¢ular matters hav8 come to my attentlon. Basls of the Independent ex8mlnor's rnport My examinallon wa8 carrled out in accordanc• with Ihe General Directions glvon by Iha Charlty Commlsslon. An examln?tlon includes a revlew of the a¢countlng record$ kept by the charity and a comparison of the account8 pr888nled wilh thoBe records. It also Includ68 contslderallon of any unusual emS or disck)$ure8 in the attounts Including seeklng explanatlon8 from you a8 Iru8tee8 ¢oncemlng any such matters. The procedure8 undertaken do not provide all Ihe ovlden¢e that would be required In an audlt. and ¢on8¢qU8nlty no oplnlon is glven as to whether the accounts present a Xrug and falr vlew, and Ihe report18 Ih)Ited lo th088 matters s•t out In Ihe $18t•ment$ below, Indopondont •xamIne• •tai•m•nt In connactlon wlth ry •xaminallon. no mafter has como to my attentlon: (1) whl¢h glve8 me rea60nable ¢au80 lo b611ovo Ihat. In any mater181 respeet, lh• requlrom•nt8 lo keep accountlng records In.accordan¢e wlth S¢¢tlon 130 of thè 2011 Act.. and lo prepare 8c¢ount$ which aord with the accounting record8 and to Comply wmh tho a¢¢ovnllng iequlrements of Ihe 2011 Act have not been mel; or (2) to whlch, In my oplnion, attenllon should be drawn in order to enable a propér understanding of the a¢counl$ lo be reachad. H Day BS¢ {Hons) FCA DChA . Xeinadln Nlghtingale Hou88 4648 East street Ep80m Surfey KT17 1HQ Report and Financial Statements- March 2025 Pa9e17
SOUTHWARK CATHEDRAL EDUCATION TRUST STATEMENT OF FINANCIAL ACTIVITIES- FOR YEAR ENDED31ST MARCH 2026 Notes 31st March 2026 318t March 2024 Reslricted Unreslficled Tot81 R88lricled Unrestricted Funds Funds Funds Funds Funds Total Funds In¢omlng Resource8 Grant8 re¢pived DonallonB Glft Ald Income Irorn 8¢hools Inve$tmant Income [3) 14] 22.862 22,862 6.686 22.862 1,000 23,862 2,510 2.610 291 291 16,189 15,189, 4.939 4,939 23,929 48,791 6,886 17.935 17,935 4,861 4.881 29,482 52.344 22.862 22,862 Re80ur¢e8 Expended Salorl8$ and penslon Ront and sorvlces Depreclatlon Other eana85 [51 2,862 20,000 25,323 28,185 20,000 383 383 3.557 3,557 29,263 52,125 2.862 20,000 22,015 24.877 20,000 1.195 1,195 3,657 3,857 26,8S7 49,729 161 22,882 Nat Incoming l (outgolng> resources Tr8n8f&rs belween fvnd8 N6t movement In funds 219 219 (2,938) (2,938) 219 219 (2,938) {2,938) Tot81 fund8 brought foMoTd Total funds Garrled forward 110] 109,364 109,364 109,583 109,583 112,302 112,302 109,364 109,364 Report and Financial Slatemenls- Mjrch 2025 Pagg18
SOUTHWARK CATHEDRAL EDUCATION TRUST BALANCE SHEEf-As AT 31ST MARCH 2025 Notes 31st March 2026 3181 Mar¢h 2024 Non-current Assets Tangible FSx8d Asse16 163 Current A88et8 Debtors,. omounls falllng due withln one year Ca8h at bank and in hand [8J 1.402 112.224 113,626 2,331 112,349 114,680 Current Li8bililles Credrtors: amounls falllng du6 wrthln one year (9] 4,483 4,483 5,478 5,479 Nel CuonI A88018 109,142 Net Assets 109.583 109,364 Repre8enting: Unr¢$lri¢ted lund8 Restricted fund8 Total Charily Fund8 [10] 109,583 109,384 109,583 The financial st8temenlB were approved by Ihe Board of Tru8tees on I ks. J J 20¥ and were slgned on ils behalf by: Th8 Reverend Can¢n Wendy Roblns Trustee Report ai)d Flrsancigl Slalemgnts- March 2025 Pa9019
SOUTHWARK CATHEDRAL EDUCATION TRUST CASHFLOW STATEMENT- FOR YEAR ENDEO 31•T MARCH 2025 Notes 31st March 2025 31st March 2024 Cash flows Ifom operating activ6tt8$ Cash generated from operatlon8 111] 535 {8,433) Cash flows from invesllng acllvlli89 Purcha$es of Flxed A$$els (660) Net chang8 In ca8h and ¢8sh ¢qulv81ent8 In Iho repotllng perlod (125) {8,433) Cash and cash equSvalent$ at the beglnnlng of thè yoar 112,349 120,782 Cash and cash equlvalenls al tho ¢nd of the reportlng perlod 112.224 112,349 Report and Financial Slalem8nls - March 2025 Page 1 10
SOUTHWARK CATHEDRAL EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS_ FOR YEAR ENDED 318T MARCH 2025 1. GENERAL INFORIIIATION The Southwark Cathedral Education Trust is a registered Charty which operates the Soulhwart( Calh6dral Learning Centre. The chartty is controlled by 118 goveming document and ¢onstitute8 an unincoryx)rated ch8rity. The principal activitles of the Trust 8r8 to educ81e chiklren and young adulls by u8in9 tha Cathedral as an educational resource. The reglstored address of th• charity 18: Leamlng Centr• Southwark C81hedral Montague Close London SE19DA The88 fin8ncl818talements have been prepared under the hlstorical cost convention, and in accordance wllh the 'statement of Recommended Practlce: Accountlng and Reporting by Charilles. SORP (FRS 102). The financlal statements have been prepared on the going concern basis and are pre8ent8d in Sterllng, tha functional ¢urrency of the Trust, rounded to tho nearest £1. 2. AccouNTINa PoLicie8 INCOMING RE60URCES All incomlng rosource8 aro includad on tho Statement of Flnancial AGliviti88 when th8 TfllSt1818gally enlttled to the Income and the amount can be quantIrd wllh feasonable 8ccuraty. Unre8lricted fund8 can bo u4ed In ac¢ordanc• wlth Ihe charltable oblectlv83 at tho di5¢retlon of th• tru8t888. Regtrfcted funds can only bo u$ed for particular restricted purposes wh1 the objects ol the TN81. Re8trictlons 8rl8e when 8peclfied by the donor or when lund8 are raised for partkular reslilcled purp08e8. De81gnaled fund8 are th080 unrestricted monle8 whleh tho tru8tee8 have deckled to 80t a$ldo for a sp11{C purp08 or for use in 8 8pecrfic perlod. RESOURCES EXPENDED Expend51ure Is accounlad for on an accruals ba81s and h85 been classlfied under he8dlng$ whlch 899regal& 811 cost related lo that ealegory. Vth8r8 COSt8 cannot be dlrectty allribuled to particul8r headlngs they have bean allocated to actlvitl88 on 8 ba818 con8lslent wilh u88 of r•source8. TANGIBLE FIXEO ASSÉTS Tanglble Assets are capllali8ed on tho balance sheet a8 fixed a8sels. Flxed a88e18 are stated In the accounts under the hislorical c081s ba818 less accumulated depreciation. D8preclallon li provid8d at the followlng annual rate8; FSxtures and Ilttlngs 250A Computers and software 33° FINANCIAL INSTRUMENTS FiThanci81 inslrnments are classffied and accounted for, according to th8 8ub8tance of tho contractual arrangement, as eltheT financlal a88et8, financlal liablliti88 or equty in81fuments. Report and Financlal Statements- March 2025 Page 1 11
SOUTHWARK CATHEDRAL EDUCATION TRUST NOTES TO THE FINANCIAL STATEMEKfs- FOR YEAR ENDED 315Y MARCH 2025 3. GRANTS RECEIVED RESYRICTED FUNDS 318t March 2025 31st March 2024 Restrtcted Funds - Grants Southwark Cathedral Cathedral Partner8hlp (Soulhwark Calh8dral) St Olave's and St Savioufs Schools Foundallon 20.000 20,000 2,862 2,862 22,862 22,862 Durlng th• year the charity fecorded a donation of £20,00012024 - £20,000). from Southw8rk Cathedral to represent Ihe provision ol rental space occupled by the Leaming Cenlre. The Very Reverend Dr Mark Oaklay, The Reverend Canon Wendy Roblns and Mrs Llnda Hutchln$on are Trusle8s of both Southw8th Calhedral Educatlon Trust and Southwark Cathedral. Th8 grant from St Olav8'8 and St Savlourfs Schoo18 Foundallon of £2,862 (2024.. £2,862) eover8 the cost of providlng free activit188 for di8advanlaged SouthwArk schoo18 (defined as th08e 8chools whére thlty five Percent or more of the pupil8 of Ihat School ale elwible for pupll pr8miuml. UNRESTRICT£O FUND8 31•t March 2026 318t March 2024 Unrestricted Fund8- Grants Worshlpful Company of Launderèrs 1,000 In 2025 The Worshipful Company of Launderers dld not providè any unTéStflct8d gfantg to 8UPPOrt of Ihe Learnlng Centre's work with young people (2024: £1,000 of unrestricted grants wa¥ receNed). DONA TION8 Clrcl8 of support donallons aré from 8 group of people who value the advanlages glven by Ihelr own education to want to encourage Ihe cenlre In Its worfi, by making a commitment to help with our fvnding. 31•t March 2025 318t March 2024 Unrestricted Funds Clrcle of 8UPPOrt 4.254 2.432 2,510 6,686 2,510 Report and Financial Sl818inenls- March 2025 Page | 12
SOUTHWARK CATHEDRAL EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS- FOR YEAR ENDED 31ST MARCH 2025 6. EMPLOYEE CosT8 31st March 2026 31st March 2024 Wages and salarles Social security cost8 Defined contrfbullon p¢n$Son co818 26,768 23.692 1.417 1,186 28.185 24,877 No employee ha8 received IGt81 employee benefits of mwe than £60,000. Th8 number of employees per month wa6 ona. TRUSTEES REMUNERATION No truste88 feceived any remunefallon or other ben•fits in 18sp8ct of sarvices rendered to tho Tfu8t or th• yaars endad 31 March 2025 and 31 March 2024. PENSION SCHEME Soufihwad< C8lh8dral Educatlon Trust arrangements for the provE8ion of penlion ben8flt6 conslsts of a defined conlrlbullon 8¢hemo. Contribull¢n8 Into the scheme dudng the perlod wer8 £1,417 {2024 - £1,185). 6, OIHER ExpENses 31st March 2025 31$t Mirch 2024 Educatbn suppl161 In$ur8n¢o Workshops & volunteer8 Bank Charges Olher expenses 1,372 474 1.684 203 62 60 1,648 60 1,651 3,557 3,667 Rèport and Flnan¢ial Slalemenls- March 2025 Page 1 13
SOUTHWARK CATHEDRAL EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS- FOR YEAR ENDED 318Y MARCH 2025 7. TANGIBLE FIXEDA8SETS Flxtures & Computars Flttings & Software Total Cost Ag at 1*1 April 2024 Addltlons As al 31st March 2025 5,860 3,583 9,443 660 3,583 10,103 6,520 Accumulated D8pre¢latlon As at 111 April 2024 ChBrge for the y8ar As at 3111 March 2025 5.860 220 6,080 3,420 163 3,583 9,280 383 9.663 Net Book V81ue 813111 March 2024 163 163 Net Book Value al 311t March 2026 440 440 8. DE8TORS.' AMOUNTS FALUNO DUE WITHIN ONE YEAR 31st March 2026 31st March 2024 Amounts owed from $¢hool$ Other debtors 1.402 731 1.600 1,402 2,331 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31st March 2026 3181 March 2024 Accrued 8xpenses Deferred income 1.480 3,003 1,375 4,104 4,483 5,479 Deferred income comprises school Income which has been received in advance of the 8chool visit. Report and Fin8n¢lal Stalemenls- March 2025 Page 1 14
SOUTHWARK CATHEDRAL EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS- FOR YEAR ENDED 3181 MARCH 2025 qo. ANALYSIS OF CHARITA8LE FUND8 Reslflcted Funds Unr•gtrkted Funds Tolal Funds at 11tAprll 2023 Incomlng resources Resource8 gxpended Tran8fers be88n funds Total funds 8t 31 March 2024 112,302 23.929 (26.887) 112.302 46.791 (49,729) 22,862 (22,882) 109,384 109,364 Fund$ at 1•1 April 2024 Incomlng r88ources Re30urce8 expended Transfers beiween fund$ 109,364 29,482 {29,263> 109.364 52,344 (52,125) 22,882 (22,862) Total fund8 at 31•1 March 2026 109,583 109,583 11. RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERA TING ACTIVITIE8 31st March 2026 318t March 2024 Net Incomellexpendlture) for the reportlng perlod Adlu$tmonts for: Oeprecialion on fed 888et8 Decrease l (Incre486) in d8btors Incraasel{de¢reas&) in ¢redttors 219 (2,938) 383 929 (996) 1.195 (855) (5,835) Net cash provlded byl (UBed In) operatlng a¢tlvltles 535 (8,433) RBPOrt and Finai)Glal SlaleMenls- March 2025 Page 1 15