cata CATFIEDRALS AOMINISTRATION AND FINANCE ASSOCIATION CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Company number: 8093298 Charity Registration: 1151212 Registered Office: 116 Station Road Sutton Coldfield B73 5LD
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION Contents Page Report of the Executive Committee/Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Statement of Cash Flows 10 Notes to the Financial Statements Income and Expenditure Account 12
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION The Trustees have pleasure in presenting their report and the financial statements of the Association for the year ended 31 December 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Acts purposes. The financial statements comply with the Companies Act 2006, the Charities Act 2011 and the Statement of Recommended Practice "Accounting and Reporting by Charities" (Charities SORP (FRS 102)). Reference and administrative information Principal oddress The principal addre55 of the Association is: 116 Station Road Sutton Coldfield B73 5LD Trustees The names of the persons who were Trustees {the members of the Executive Committee) at any time during the year ended 31 December 2024 were as follows: th Mr Richard Abraham - Portsmouth Cathedral until 20 January 2025 Ms Jan Armitage - Peterborough Cathedral Ms Alison Evans, Winchester Cathedral Mr Tim Fleming, St Albans Cathedral, Vice Chairman, until 6 June 2024 th Mrs Anne Groves, Ripon Cathedral - Treasurer from 10 september 2024 rh Ms Justine Horsman -Sewell, Chelmsford Cathedral - from 20 January 2025 Mrs Emily MacKenzie, St Paul's Cathedral, Chairman th Ms Edith Mccolgan, CarlisLe Cathedral - from 10 September 2024 Mrs Jackie Molnar, Salisbury Cathedral - from IIY September 2024 Mr Anthony O'connor, Manchester Cathedral Mrs Anna Pitt, Birmingham Cathedral - Vice Chairman th Mrs Caroline Robinson, CheLmsford Cathedral - Treasurer -until 10 September 2024 Mr Nigel Spraggins, Southwell Cathedral until 6 June 2024 Ms Kate Sussams, Newcastle Cathedral - from 10 September 2024 Principal advisors Bonkers The Cooperative Bank PO Box 250 Skelmersdale WN86 Independent Examiner Andrew N Copp Close Taxation & Accounting LLP Harrington House Old Mill Close Aythorpe Roding Dunmow CM6 1AN Structure, governance and management The Cathedrals Administration and Finance Association was established as an unincorporated association. The company limited by guarantee, number 8093298, was incorporated on 1 June 2012 and became a registered charity on 13 March 2013. The assets of the unincorporated Association were transferred to the company on 1 January 2013. The Association is governed by its Articles of Association as adopted on 11 September 2012 and amended on 19 September 2018. The Trustees of the Cathedrals Administration and Finance Association (who are also known as the Executive Committee members} are also the company directors. The TrL55tee Board
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION manages the Association and exercises all the powers of the charity in accordance with the Memorandum and Articles of Association. The members of the Association are the administrative bodies of the 42 English AngLican Cathedrals. The members elect the Executive Committee / Board of Trustees. Westminster Abbey. St George's Chapel, Windsor. St Patrick's Cathedral, and Christ Church Cathedral, Dublin; St German's Cathedral, Isle of Man. and Newport Cathedral, Wales" are associate member5. Two further Cathedrals, Llandaff and Glasgow, joined as associate members during 2024. Risk management The Trustees have considered the risks which the Association may face. They are satisfied that financial risks are mitigated by holding sufficient reserves to cover any conference costs not met by fees. They consider the risk to reputation is slight and that adequate procedures, appropriate to the size of the Association, are in pLace to Lessen the effect of such risks. Objects and activities The object of the Cathedrals, Administration and Finance Association is to advance the Christian religion for the benefit of the public in accordance with the doctrines of the Church of England and to further the mission of the Anglican denomination by: 1) supporting the English Anglican cathedraLs (the members of the Charity) and the associate members in their work of advancing the Christian religion by considering, debating and making recommendations on any matters affecting the administration or financial arrangements of cathedrals" 2) working with the Association of English Cathedrals (AEC) and assisting it in fulfilling its charitable objects. 3) working with the National Church Institutions and other parts of the Church of England in furthering the mission and work of cathedrals. 4} working with the Churches, Legislation Advisory Service and other appropriate ecumenical bodies in furthering the mission and work of cathedrals. 5) working with the Government and its agencies to represent the interests of cathedrals on matters relating to cathedral administration and finance to assist cathedrals in fulfilling their mission and work; 61 debating and proposing policies and other matters affecting cathedrals, administration and finance, including their role in advancing education, cornmunity development, arts, culture, and heritage. and environmental protection and improvement. 7) encouraging the development and sharing of best practice between cathedrals. The Trustees consider that all activities undertaken have been for the public benefit, and that they have paid due regard to guidance from the Charity Commission in determining what work is done. Executive Committee / Board of Trustees At the Annual Meeting on 10 September at Chester Cathedral, Richard Abraham and Anna Pitt were re-elected as directors. Edith Mccolgan, Jackie Molnar and Kate Sussams Chief Operating Officer's in the northern province were all elected as directors. Tim Fleming and Nigel Spraggins resigned from the board in June 2024 on their departure from their respective cathedrals.
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION Achievements and performance CAFA will: Share and celebrate good practice. Provide a mentoring and support network for cathedral lay staff" Create a safe space for challenge and fellowship; Represent and advocate for the collective voice of cathedral administration. CAFA recognises that the roles of Chief Officers is wonderful and demanding in equal measure, and we seek to support them in various ways, TncLuding: Representation on the AEC and Bishoprics and Cathedrals Committee, safeguarding and other ad hoc working groups, this year including National Cathedrals Conference. An excellent CAFA website with resources and information, such as poLicies, role descriptions, national guidance and a library of slide and note5 from conferences. A monthly Zoom call for COOS, where questions and issues are raised and discussed. Active WhatsApp groups for sharing news, information and support. CAFA Executive presence and input at training ses570ns led by the NCIS. In addition CAFA holds an annual conference for learning, support and fellowship. The 2024 CAFA Conference, entitled 'New Horizons.. Exploring our Potential, took place in September, ably hosted by Chester Cathedral. With over 90 attendees, the conference included sessions on leadership and emotional intelligence, with novel research by IPSOS on the relationship between Deans and COOS, plus case-studies from a range of cathedrals and heritage attractions and pract7cal sessions on topics such as impact reporting, brand and marketing and VAT. Dr Eve Poole provided a keynote speech on 'Leading through Change,. The trustee body of CAFA, met four times over the last 12 months attended by representatives from the Ncls and AEC and held its AGM at the CAFA Conference in September. The CAFA Executive records its thanks to Sarah King of the AEC, and now to Anna Pitt in her new role as Executive Director of AEC, along with representatives of Ncls for the time and support they have provided to CAFA and its membership throughout the year. Financial review Results of the year There was a surplus in the year. The increase in the rate of subscriptions from the previous year covered the cost of one year's hosting of the webslte. Due to the cross over in the Treasurer's position the invoices were sent out late for the 2024 Subscriptions and are shown as a debtor in the accounts at 31 December 2024. Meeting expenses were similar to the previous year. Four bursaries were awarded to enable COOS to attend the CAFA Conference. The CAFA Conference in September made a small profit which was helped by the sponsorship received from three organisations. Reserve Policy The Trustees airn to maintain a reserve equivalent to six months expenditure for cash flow purposes. Given the nature of the Association's activities, they do not consider a larger reserve is required.
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION Level of reserves At the year end, there are sufficient reserves to meet normal annual expenditure. Fundraising activity The Association does not currently employ anyone dedicated to fundraising, nor does it use external fundraisers or commercial participators. The Association has not received any complaints about its fundraising activities and practices. Plans for future periods The Trustees will continue to support lay staff through the addition of material to the website. information exchange through Zoom meetings and WhatsApp groups for those with roles in common; expansion of the buddy scheme. and, as a conduit for the Church Commissioners. In 2025 CAFA will continue its commitment to provide a support network, resources and best practice for members. The CAFA Conference for 2025 takes place in September at Peterborough under the title". 'Hearts for Mission, Minds for Money, and will include sessions on leadership and operational transformation, plus a range of practical seminars on topics such as Al, fundraising and accountancy. Going concern The Executive Committee expects the Association to have adequate resources to continue in operationaL existence for the foreseeable future. It continues to adopt the going concern basis of accounting in preparing the annual financial statements. Trustees, responsibilities The charity trustees, who are also directors of the Cathedrals Administration and Finance Association for the purposes of company law, are responsible for preparing a Trustees, Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practices including FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland). In preparing those financial statements, the Trustees are required to.. select suitable accounting policies and apply them consistently. observe the methods and principles in the Charlties SORP (FRS102I' make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the Association will continue. The trustees are responsible for keeping proper accounting records which discLose with reasonable accuracy at any time the financial position of the Association and which enable them to ensure that the Financial Statements comply with the Companies Act 2006, the Charities Act 2011 and the provisions of the Articles of Association. They are also responsible for safeguarding the assets of the Association and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION Disclosure of information to the Independent Examiner To the knowledge and belief of the Trustees (the Executive Committee), there is no relevant information of which the charitable company's Independent Examiner is not aware, and it has taken all necessary care to ensure and establish that the Independent Examiner is aware of any relevant information. For and on behalf of the members of the Board of Trustees l Executive Committee Mr5 Emily MacKenzie, Chairman 23 September 2025
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS OF THE EXECUTIVE COMMirrEE OF THE CATHEDRALS, ADMINISTRATION AND FINANCE ASSOCIATION I report on the accounts of the Association for the year ended 31 December 2024, which are set out on pages 8 to 12. Respective responsibilities of members of the Trustee Board / Executive Cornmittee and examiner The members of the Executive Committee as trustees (and who are also directors of Lhe company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not requ7red for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eLigible for independent examination, it is my responsibility to: examine the accounts under section 145 of the 2011 Act. to follow procedures laid down in the general Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. and to state whether particular matters come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking an explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's Statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirefflents. to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met. or (2) to which, in my opinion, attention shouLd be drawn in order to enable a proper understanding of the accounts to be reached. Andrew N Copp Close Taxation & Accounting LLP Harrington House Old Mill Close Aythorpe Roding Dunmow CM6 1AN 23 September 2025
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIE5 FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Income from: Donations 22,000 24,500 Subscriptions Residential conference sponsorship Charitable activities Residential conference fee5 Development Forum conference Investments 14,400 7,600 14,700 9,800 32,225 27,925 31,265 960 27,925 397 134 Total income 54,622 52,559 Expenditure on: Charitable activities Residential conference National conference bursaries (41,964} (44,204} {32,331) (1,980) (1,296) 1224) (6,133) (36,7141 Meeting expenses CAFA Development Forum event Other (1,244) 16,246) Total expenditure {41,964> (44, 204) Net incorning/(outgoing) resource5 for the year Fund balances brought forward Fund balances carried fonvard 12,658 31,052 43,710 8,355 22,697 31,052
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 Current assets Debtors Cash at bank 14,400 29,310 43,710 2,100 29,232 31,332 Current liabilitie5 Creditors 280 Net current assets 43,710 31,052 Funds Unrestricted funds Restricted funds 43,710 31,052 Total funds 43,710 31,052 The company is entitled to exemption from audit under Section 477 (2} of the Companies Act 2006 for the year ended 31 December 2024. The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibility for: ensuring the company keeps accounting records which comply with Section 386 of the Companies Act 2006 and. preparing financial statements which give a true and fair view of the state of affairs of the company at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 393 and which othernise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. Approved by the Executive Committee / Board of Trustees on 23 September 2025 and signed on its behalf by: Mrs Emily MacKenzie Chairman
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operating activities Cash receipts Cash payments 42,855 (43,174) 51,860 (45,339) Net cash provided by / (used in} operating activities (319> 6,521 Cash flows from investlng activities Interest 397 134 Net cash provided by / (used in} investing activities 397 134 Change in cash and cash equivalents in the reporting period Cash and cash equivalent5 at the beginning of the reporting period 29,232 22,577 Cash and cash equivalents at the end of the reporting period 29,310 29,232 Reconciliation of net income / (expenditure) to net cash f low from operating activities Net income / (expenditure) for the reporting period (as per the SOFA) Adj ustments for: Interest (Increasel / decrease in debtors and prepayments Increase l {decrease) 7n creditors 12,658 8,355 {397) (12,3001 (280) (134) (1,980} 280 Net cash provided by l (used in) operating activities 319 6,521 AnalysTS of cash and cash equivalents Cash at bank 29,310 29,232 Total cash and cash equivalents 29,310 29,232 10
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 I LEGAL STATUS OF THE ASSOCIATION The Association is a company limited by guarantee and ha5 no share capital. The Liability of each member in the event of winding-up is limited to £10. 2 ACCOUNTING POLICIES Accounting convention The Financial Statements are prepared under the historical cost convention. The format of the Financial Statements accords with the Statement of Recommended Practice, Accounting and Reporting by Charities (Charities SORP IFRS102)), the Charities Act 2011 and with applicable accounting standards. Incoming resource5 Incoming resources are recognised when they are invoiced Ifor example subscriptions) or when received (including donations and bank interest). Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the Statement of Financial Activities. Expenditure and liab511ties Liabilities are recognised as soon as there is a legal or constructive obligation committing the Association to pay out resources. 3 DEBTORS 2024 2023 Subscriptions Total 14,400 14,400 2,100 2,100 4 CREDITORS 2024 2023 Prepayment of day conference fees Total 280 280 5 TRUSTEES / EXECUTIVE MEMBERS REMUNERATION, BENEFITS AND EXPENSES Members of the Board of Trustees / Executive Committee had their travel and incidentaL expenses reimbursed but received no other payments. 2024 2023 Number of members who were paid expenses Travel and incidental expenses £1,296 £1,244 6 PAID EMPLOYEES The Association has no paid employees. 7 INDEPENDENT EXAMINATION FEE A fee of 1350 was paid for the examination of the Annual Report and Accounts for the year ending 31 December 2024. 8 RELATED PARTY TRANSACTIONS There were no related party transactions.
THE CATHEDRALS ADMINISTRATION AND FINANCE ASSOCIATION INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Income Subscriptions Residential conference fees Residential conference sponsorship Development Forum conference Bank interest 14.400 32,195 7,600 960 397 14,700 29,000 9,800 134 53,634 55,552 Expenditure Residential conference Refunds Bursaries (32,331) (930} {1,980} (224) (7,429 (42,894) (36,714) (950) (125> Development Forum conference Governance costs 17,490) (45,279) Operating deficit I surplus for the year 12,658 8,355 This Income and Expenditure Account 15 included In the Financial Statements in compliance with the Companies Act 1985. 12