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 NOVem￿r 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:
nC￿orth Shemood.
35 Great Peter Slreot. W6stmln3t8r,
London
SW1P 3LR
Report and Filia￿1￿1 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$, workshops and Ihemed
days for children and young adulls V￿th the alm to educate In an ex¢iling, engaging and experlentlal way. The
Trustees have had regard to the Charity Commlsslon Guldance on delivering publlc benarrt.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The ¢harity Is contn>tled by It8 conslltution and represents an Uninco￿l[ated charify, Trustee3 are appolnted In
accord8nce with the constitutlon lo have Indepondent control. and legal responsibilty frjf, the Charity's management
and 8dminlslratlon.
TRUSTEES
The current Trustees are shown on page 2. Dr Malcolm Balnes was appolnted In January 2025, Dr Michael Brockett
was 8ppolnted In F6bwary 2025. Professor Peter Toyne C8E re81gned In Aprll 2024; Mr Amir Eden resigned In June
2024 and Mr Charles Edward Lord OBE resigned In November 2024. All other Trustee8 6eryed throughout th8 perlod.
The TruBtee8 glvè thelr Ilmg Ireely end recelve no remuneratk)n or othor financlal benefrts. No Tru8lea had any
beneficlal Inlere8t In th8 charity in 2025 or 2024.
ACHIEVEMENT8 AND PERFORMANCE
PRINCIPAL ACTIVITIES
Tho princip818ctlvitl•$ 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 $UPPOrtèd by 12 actlve volunl•8r8. Tha vO￿nte•r8 ar• vital to our Work. Théy bring a wealth
of experience to Ihe trai18 and workshops which Ihey iupport.
FINANCIAL REVIEW
The Learnlng Centre allows stud8nts to engage with hlstory and herttage at Soulhwark'8 stunning Cathedral, rich In
4rt, architecture, symbollsm and wor8hlp tradlllon8 whlch all(Ms Iha charty to provido a learnlng experien¢• w•ll
beyond the scope of most cla88rooms.
Although our actlvilles were In hlgh demand with 8chools during the year. addkional staff costs due to employlng
8dmlnSstrative support resulted in a break4ven result for tha year.
We ¢ontinue to be very grateful lo 811 our funders, our Clrclè of Support and grant funders as well as our volunteers
who help make the wotk of Ihe Learnlng Centr6 posslble.
The financi81 results for the year are Sel oul ID the 'lncome Slatemenf on page 8 and-IhtMI a Surplus of £219 (2024.,
deficit of £2,938). Tolal funds at fho end of the year amount810 £109,583 (2024:£109,364). the$& 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 edU￿110nal slandards enacted
• FO￿al recwlkneni proceduro
• Attontlon pald to chlldren with 8po¢l81 needs
• Malntenance of resour￿5 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$o8
• Redudion In numbars of vis118
Ropula1￿)nal damage for tho Contre
and th8 C8lhedro1
• The Centio la118 lo uphdd Cathedral I
Chr1811an value8 & elhos
PQRFORMANCE BY
PAIDAND
VOLU>4TARY BTAFF
P¢)OR
O¢WEMNAN¢e
• Loss of str818gk dire￿On
La(* of dev•lopm8nl
Relallonshlp with Calhodrnl weakened
staff and volunteols unmonllored aNJ
unmoilvaled
IIIADEQVAT
FUNDRAISIMG
InAbllity to sust8ln a full ar&1 exdUng
rango of tf8118 and worf(6hops
• LoThJ lenn ￿&bIlIty ol tho c•ntre
• Regular 8gonda 518m for Tfus10•8
• Fln8nelo1 reseNe$ protect 8galnst Jhort larm
defWts
FINAN¢iIL
h118hilllAGEMEHT
Errors In Finandal Stsigm•nls
Financial Fraud
• L058 ofconlldence ty fund8r8
• Regular rèporflng to T￿￿180$
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 a￿ord 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 e￿ana85
[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 Cu￿onI 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 quantIr￿d 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$ed for particular restricted purposes w￿h1￿ the objects ol the TN81. Re8trictlons 8rl8e
when 8peclfied by the donor or when lund8 are raised for partkular reslilcled purp08e8.
De81gnaled fund8 are th080 unrestricted monle8 whleh tho tru8tee8 have deckled to 80t a$ldo for a sp￿11{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 be￿88n 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 f￿ed 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
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