Registered number. 08421913 Charity number.. 1152820 THE cATHEDL OF STX)HN THE BAFfisTTRusr (Acornpany limiled by guaranleel TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 *A4E48SOH" 30109r2021 COMPANIES HOiJSE A13
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THE CATHEDRAL OF ST JOHN THE BAPTISTTRUST {Acompany limited by guarantèè) CONTENTS REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS TRUSTEES. REPORT INDEPENDENT AUDITOR'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET STATEMENT OF CASH FLOWS NOTES TO THE FINANCIAL STATEMENTS io
THE CATHEDRAL OF ST JOHN THE 8PPTIST TRUST (A¢ompany Ilmlted by guarantee REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020 Trustees N Greef (reggned 18 January 2021) M Hope (Resigned 22 May 2020) D Richardson IResigne(J 22 May 20201 Rev_ D Paul J McGarry C A Gre8f (Resigned 18 January 2021 M C Evans (Apnted 30 January 2020, Resign8d 18 January 2021) Rev J Bame5 IApkKMnted 19 January 2021) J F H Ellis {ApntWj 19 January 2021} J M Milne (Appointed 19 January 2021} J G Hurst (Appointed 19 January 2021) L Pilch (Appointed 19 January 20211 M E M Raker {Appoinled 26 January 20211 Company reglstered number 08421913 Charty registered number 1152820 Reglstered office The White House 21 Upjate. PoringlaThJ Nomch Norfolk NR14 7SH Company Secretsry M Graham Independent auditor5 PrKx Bailey Anglia House. 6 Cenlral Avenue St Andrews Business Park Tlh)rpe St Andrew NOth NR7 OHR Bankers N8tion81 Westrninster Bank Flc 45 Lond Strèet NR3 1RT Page 1
THE CATHEDRAL OF sTN THE BAPTIST TRusr (A company Ilmlted by guarantee) TRUSTEES. REPORT INCORPORATING DIRECTOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees who a atso directors of the ctharity for the purFJses of the C¢xnpanies Acl 2006. present their report with the financial statements of lh8 chartty f(x the year ended 31 December 2020. The Irust8es have adopted the provisions of Statement of Recommended Practs"ce ISORPI applicable to charities preparing their accounts in accordan with the Financial Rep"ng StsrKlarcl appllcable in Ihe United Kingdom IFRS102}. The Cathedral of St John the Baplisl Twst was forrned lo manwJe the operations and assets of the Cathedral of St John the 8aplist. across the whole Cathedral Campus. It assumed the responsibilities of the Roman Catholic Cathedral of East Anglia Preserv8tw and Devek)pm8nt Trust and the Cathedral Narthex Company Limited. The Tnjst suprM)rts the Dean of the Cathedral wtK> 15 re5wnsible for Ihe 1n¢al weffare of am those who may visil al Ihe Cathedral. for all liturgKal mattets a1 fty pastoral Ca for parishionw5 and vi5ilors who worship al the Cathedr81. The company registration number, tharity reglstralion number. the trustees who seryed in oifice during the year and the registered athsress are all detailed on page 1 of Ihese financial statements. OBJECTIVES The objectives ol the Cathedral Trust a sel Lmrt in its Memorandum and Articles of Associatn 8S: The objects of the Charity shall be for Ihe benefrt ol the public to further the rellglous and charitable work of thE Roman Catholi¢ Cathedral Church of St John the Baptbst in Nonvich and without preludke lo the generality of those objects to provtde and maintain an educatlon facllity, community and visitor centre called "The Narthex.- KEY AIMS AND AcnviTIES FOR 2020 The key aims for the year may t summarised as: Oealing with the impact of Covid on Ihe Cathedral Caring for the fabric of the Cathedral and lor the restof the trxjildings thal constilulethe Cathedral Campus Developing the culture and heritsge offer lo the general public and schools Supporting the mission of the Roman cath Oiocese of East Anglia RedurAng the level of sul)sidy from Ihe Dese of Easl Anglia thrwgh cost management and incre8sed income Activlties undertaken to athieve these objectives indude: Furfoughing of stsff and intr(MJuclion of tèmtmry managemenl arrangements followng Ihe departure of the General Manager in May 2020. A review of the financial and management arrarrfJemenls look place 2020. resulting in a restructuring of the staffing and a new t>usines5 mc*Jd for the operalion of the Trus( wth greater emphasis on the use of volunte8rs. The appointment of 3 new Cathedral Arthilect. Mrs su Pendlebury, of Caroe Architècture. who began the Quinquennial Inspectton of the Cathedral in September 2020. Applying for grants to support the ofthe Cathedral and in parlicular lo deal with major issues wilh the fabric of the Calhedral. supporb.ng ordination Masses during the year and Diocesan events where tli8S8 were possible within Covid reslriGtson5 Renegotiating supplier )Irts. e.g. for telepne$ Page 2
THE CATHEORAL OF STJOHM THE BAPTIST TRItsT IA¢ompany lirnited by guarantee) TRUSTEES. REPORT INCORPORATING DIRECTOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Success is measured by aciwe feedback. monitoriro of finances and delivery of repair projects within lime and budget and lo the requisite quality. Plans for the future A number of new Trustees were apFKinted in January 2021, to strewhen the Trustee bcKJy. A new Cathedral Cwfdinalor was appointed in September 2021 aThJ will be w)rking to cnordinale aclivty across the C81hedral. The Trustees have been reviewirKJ the optr)ns for fundraising lo ensure th8 long-term sustsin3bility of the Cathedral and lo re4)¢M(l effeclively to the results of the QuirK4uennial Inspection. The stslus of the Calhedral of Sl John the Bapttsl as the Catr*dral of East Anglia continues lo be enhanced. 11 is already eslablished as a major site of cultural. religious aThJ hisloric interest alongside other such national and intematiorkil institution5. Never1he$S. wrsk lo ensure that this remains the (xs8 is always needed. TRUCTURE GOVERNANCE AND MANAGEMENT vemin Oocumerrt The chadty is conlrolled by its govemirKJ dorJJment. 8 deed of twst. arKI con51tleS a Ilmited company, limited by guarantee. as defined by the compan Acl 2006. Recnjitment and A ointment of New Tru51ees The power lo appoint and remove trustees is vested In Btshop of the DI0Se of East Anglia. Twslees are recruited by geographic loCatn in the Dicrfx5e of thr home parishes to provide a rePSentatIve cross-section of the dIsan parishes. Tru51ees a ex Officio being the Dean of the Cathedral, 8nd the Chaif ol the Cathedral Pawish Pastoral Council (CPPC). or arKJlher repre5enl8live of the CPPC. At leasl Truslee is a150 a Diocesan Trustee and tmKJes a link to the Diocese. Since January 2021. one of the TnJslees 55 a150 the Chair of the Friends of Ihe Calhedral. wfftich is a separal8 charity. anisalional Structure and Conlrol Th8 Calhedral Trust is governed by the Boar(l of Trustees assisted by the Company Selary is also the Oirector of Finance ansj Resources and Finanoal Secretary for Ihe Diocese of the East Anglia. The Trustees meet on a quarterly basis. Up to May 2020. Ihe daily routine mènagement was exercised by a General Manager and lay staff as required. EdLThlional aspects of the Cathèdral Campus are managed by a Cultural and Heritsge Officer who reported lo the Gera1 Manager. Followng the depar1U of the General Manager in May 2020. the Diocesan Director of Music was appointed as arb interim part-tirne Cathedral C¢Trordinalor. on a voluntary basis. Thi5 arrangement t))nlinued until September 2021 when a part-llme Catwral C(dInat( t¢k up post. The Trustees exercise control over Trust cyeration5 by fcwmulating W1Y as required by the fadors arising from the religious, cwmercial and financral aspecls of the Cathedral operations. Govemance Protocols have been adopled to provide a frameth vthich farylilales the imrAementalion of polKies. All major decisions are tsken by the Board ol Trustees al their quarterly rneeling5. The practical requirements of Ihese decisions were passed onlo the Stsff by the General Manager al his weekly Staff Meeting and responsibilty for implemenlation allctated a5 approwiate. Temporary arrangements were pul in pla¢x from May 2020 onwards. The DioGese supports and assssts with the charitable objectives of the Trust. The interests of the Trust are represented al the Diocesan Board of Trustee meetings by the Vicar for Finance and the C¢Jmpany Secretary. Risk Mana ement The Trustees have 8 duly to identify and revtew Ihe risks lo vthtch chority is exposed and to ensure appropriate controls are in place to wovide reasonab assurance against fraud and error. A Risk As5e55menl is P$?1ed lo the Trustees at eath meeting for review and approval. This covers all perceived risks. nol just financial ones. Page 3
THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST (Acompany Ilmlled by guarantee) TRUSTEES. REPORT INCORPORATING DIRECTOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The Trustees have assessed major risks to which Ihe TnJ5t 15 exposed and are satisfied that systems are in pla¢e to mitigate our exposure to Ihe major risks. The major risks are: 1. Over5pEnd on Unrestricted Funds. The Trusl is reliant fm a subsidy from the Oiwe5e lo ensure that il remains a Going Con¢em. This will rernain the ease for thè foreseeable ftrture. Forecasts for the impaci of Covid-19 on the Tnjsfs finances have been developed and monitored during the year. The approach to the operatton of Ihe Trust %WdS reviewed aTrJ restructuring took place over the surnmer anLI autumn of 2020. A discrelionary grant of £13,000 from NoNch City Council enabled Ihe Narthex and the Garden Café to reopen successfully in the aulumn of 2020. 2. Resepies are Inadequate to meet the long4erni ambitions of the Trust. Re58rves need to be built up over time. Charilable income sour$ have not been accessed in the recent past ai¥J successful applicat)nS for funding from Histrrtic Erth3land have rthv been made. The Cathedral has also benefited from private donatW5. 3. Inadequate HR policles and practices. A prolessional ha5 rn)w updated the handbook and contracts and provides HR 8thiir8 as needed. The new Cathedral Co-ordinator is CIPD qualified. 4. Inadequate Financial pro¢es$es. systems and controls. A Financial Policy has been developed and the Diocesan Accountant has been dealing with the day4¢Aayfinances at the Cathedral since September 2020, resLbltin9 in an irnproved Wel ol financial control. S. Lack of Financial Planning. Historically, the annval budget was drawn up based on previous yearfs figures and an ests'mate of cuirerrt yearfs income and expenditure. Planning wa5 over only or18 year. Lcger terni project)ns for budgeis and cashflow have been developed as part of the assessment of the impad of Covid-19. Furlher work to exteTrJ this over 5 yeats Mll fomi part ofthe response to the QuIrUennlal Inspect. 6. Inadequate Insurance Cover. The Quinquennial Inspeclion CoMmend in September 2020. The Diocese h3s been wgrking with the Catholic InsurarKe SeN¢x lo ensure thal insurance cover is adequate. The Olocesan archivist is planning to update the inventory and all plate is lo be professKJnally valued. Public 8ènefit The Trus18clively promotes the Cathedral to a much wder constituency than had been the norm in the pa51. This is aimed at much wider use by Ihe comrnLmity as a wh(Ae. auoss East Anglia. by the parishes of the Diocese and in making an attradNe general educalional offer open to all age groups. The new Cultural and Hèritage Officer was on fudough and then malemity leave for much of 2020, bul plans to expand the culiurol and heritage offering, particularfy takn.ng advantage of the beautiful Cathedral Garden The Cafftedral Campus 15 also availatrAe as a venue lor 5erular enlertainmenls sh as ¢X¢erts. conferences and exhibitions. Remuneration ol Ke Mana ernent Personnel Trustees are re5ponslle for revIng the poyof the General Managerand rWthe Cath8dral Co&ordinator arKI the Calering Manager. Volunteers Volunteers play a major role in Ihe lrfe of the Cathedral CamtMJS. V(Aunteers are essential both for religS¢)us services and olher activities such as tcrtjrs of the building. assisting wtth the relail and calering oper81ion, maintaining the extensive garden. The number of volunteers is in the region of 2CQ individuals, which is high in relation to the numbers atteTrJing Mass each week. Volunteers are welcome regardless ol their PaCUlar faith bacground or beliefs. so long as they respect the CatlN)lic ethos ol the Cathedral. Page 4
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THE CATHEDRAL OF STJOHM THE B¥lPTISTTRUST IA company limited by guarantee) Independent Examinerfs Report to the Trustees of The Cathedrnl of St John the Baptlst Trust I rert to the charity trustees my eXaMinan of the alxwnts of the company for the year ended 31 t)ecember 2020 whth are set out on pe5 7 to 18. Res nsibililies and basis of ort As the charity trustee5 of the rnpanY (and also its directr$ for the wrposes of company lawl you are responsible for the preparation of the acccunts in accordan with the requirements Df the Companies Acl 20061.lhe 201 Act')- Having satisfied myself that the accounls of the ccrfnpany are not requiTed to be audited vntler Part 16 of the 2006 Act and are eligible for independenl examination. I report in respect of my examination of your companys accounts as carr*d out uNler seCn 145 of the Charits"e5 Act 2011 ('the 2011 A¢l'). In arTring tyjt my ex8mination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Acl. Inde endenl examineffs stslement Since the company's gross inctyne exceeded £250.oc your examrner must b8 a member of o body lisled in section 145 of the 2011 Act I confimi thal l am qualified to undertake the examination because I am a rnemLw of The Institute of Chartered Accountants In Engbnd and Wales. which is one ofthe listed b(KSies. I have o)mpleted my examinattt. I rIMi that no matters have come lo my attention in ccfflnection wilh the examination giving me cause to belie¥E that n any malerièl $11. accounting rK(Yds were not kept in respect of the company as required by section 386 of the 21XJ6 Act: or 2. the accounts do nol accord with those record5" 3. the accounts do nol comply wilh Ihe accounbng requiremenls of section 396 of the 2¢J)6 Act other than any requireFnenl that the acc(AJnts give 3 1me and fair vievl which is not a matter considered as part ol an independent examinati.. or 4. the accounts have not been prepared in acc{la wth the rnethL¥J$ and principles of the ststemenl of Recommended clICe for accountirwJ and reporting by charities applicable lo charitie5 preparing their accounts in 3(rxKdance with the Financial Reporting Stsndard applicable in the UK and Repuilic of Iieland IFRS 1021. I have concems and have ne xross no other matters in o)nnection wilh the examinalion lo whieh attention should be drawn in Ihi8 rewrt in order lo enable a proper understsTrJing of the aetounts lo be reached. Helena Wilkinson FCA DChA For and on behalf of Prl¢e Bailey LLP Chartered Accountants Stalulory Auditors Anglia House, 6 Central Avenue. St knjrews 8u5ines5 Parl(. Th0e St Andrew.Norwich.NR7 OHR Oate.. 30 September 2021 Page 6
THE CATHEDW OF ST JCMN THE BAPTISTTRUST {A¢ompany Ilmlted by guaraThteel STATEMENT OF FINANCIAL ACTMTIES (including income and expenditure acts)urt) FOR THE YEAR ENDED 31 DECEMBER 2020 Notes Total Unrestricted Funds 2020 Total Restricted Funds 2020 Total Funds 2020 Totsl Funds 2019 INC Donatn5 and legacies 266.975 314.072 581,047 238.010 IrKome from charilable athNities 39.260 39,260 210.276 IroMe fmm other trading activrties 20.871 20,871 31.871 Olher InMe 45.576 45.576 Total irKome 372.682 314.072 686.754 480,157 EXPENDITURE Expenditure on chtritable aclivibes 391.003 40.867 431.870 $38,614 Total expen(rrture 391.003 40.867 431.870 538,614 INCOMEJ (EXPENDITURE) BEING NET MOVEMENT IN FUNDS FOR THE YEAR (18.321 273.205 254.884 158.457 Tolal funds broughl forward 101.006 101.006 159,463 TOTAL FUNDS CARRIED FORWARD 82.685 273.205 355,890 101,006 All incom& and expenditure derive5 from continuing activities. The notes on pages 10 to 18 fM part of these financial ststemenls. Page 7
1>) It TOTILFUIPJ J55A
THE CATHEDR•L OF STJOHN TrIE 8fvPnSTTRUST (A¢ornpany Ilmlted by guarantee) STATEMENT OF CASH FLOWS AS AT 31 DECEMBER 2020 2020 2019 Cash flows from oper*in9 activities: Net provided by l used in operdtiryJ activities: 254,884 158.4571 Adjustments for.. Depreciation charges Decrease in slccks {In¢ase) l Decrease in debtors {Decreasel I Increase in creditors 9,481 11.529 3.909 28.043 3,103 1291.1051 {3.5311 Net cash (used Inl I provlded by operallng activilies 128.5871 111.8731 Cash flows from investing activities: Purchase of tsngiblo fixed assets {4,1071 {6.6411 Net cash used in investlng activitie5 {4,1071 {6,6411 Change in cash and cash equivalents in the repon9 peTiQ (32.6941 {18,5141 Cash and cash equivalents at the beginnirwJ of the year 50.824 69,338 Cash and cash equivalents at the end of the reporting period 18.130 50.824 Thè notes on pages 10 10 18 form part ofthese finaal ststements. P8ge9
THE CATHEDRAL OF ST JOHN THE BAPTISTTRusr (Acompany Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 310ECEMBER 2020 1.0 ACCOUNTING POLICIES The principal accourbtirvj pol1eS adopted. JLgernents and key sources of estim*ion uncertalnty in the preparation ol the financial statements are as folkms: 1.1 8asls of preparation of financlal statements The financial $18ternents have been prepared in accordance with Accounting and Reporting by Charities.. Slaternenl of Recommencled Practice applicable to charilies preparing their accounts in accordance with the FinancFal Reportln9 Standard appIlble in the UK and Republic of Ireland (FRS 1021 leffeclive 1 January 2019I- (Charilies SORP (FRS 102}). the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. The Calhedral of St John the Baptist Trust meets the definilion ol a public benefit enlily uThJer FRS 102. Assets and liabilities are inilially recognised at historical c05t or tran5aGlion value unless otherwise staled in th8 relevant accounting policy notes. The financial statements are presenled in pounds Steding and are rounded lo Ihe nearesl pound. 1.2 Legal Status of the Charity The charity is a CmpanY limited by guarantee. irwordled in Englantl has no share capital. In the evenl of the charity being wound up. the liability in respect of the guarantee is limited to £1 per member of the charity. There a currenuy 9 members12019: 9 members). The registered addr8ss of the charity 15 The While House. 21 Upgate. Poringland. Norwich. Norfolk NR14 7SH. The place of business is Cathedral House, Unlhank Road.Norwich.NR2 2PA. 1.3 Going concern The Trustee5 have received c0nfimiatt of a £70.tMXI unrestricted gr8nt from the Roman cathol Diocese of East Anglia for the year ended 31 Oec8mber 2021. In &Jdition the Roman Catholic Diocese of East Anglia has also c¢>nfirmed that it will pmvide support to enable the chaTily to meet ils day to day obligations as they fall due up 10 31 1)ecember 2022. The café and shop have been closed SIre March 2020 and reopened in October 2020. befe having to close again on 2>d December due to lock¢SJwn. The charity has made redundancies, reduced ils staff an($ other costs and pr(xJuceLI budgets. cash Ilows and forecasts and assumed various levels of income from the café and shopwhich may require further support from the D)Gese in certain situati$ and depend on the hjture effects of COVIt>19. In order to assess the appropriateness of the going concem assumption ba515, the Truste have considered Ihe charity's financial posilton, reserves. cash flow5 and support from Ihe Roman Calhdic Di¢xese of East An91ia and revised forec8sls to 31 December 2022. The Trustees have cffisidered the asSumptS underlwng these forecasts and the impact of the potential risks affecting them, induding COVID-19 as highlighted above. Having made those enquiries, the Trustees have a reasonable eVctatIOn that the charity will be able to ¢x)nlinue in operal'on and meel its liatslilies as they fall due for at least 12 months from Ihe date ol syning thts rert. 1.4 Fund accounting Unrestricted funds are available to spend on aclivilies that furlher any of the purpose5 of the chartty. Page10.
THE CATrIEDRAL OF ST JOHN THE 8APTISTTRUST (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 l¢ontlnuedl ACCOUNTING POLICIES Iconlinuedl 1.5 Income All income is re(vJnised On Ihe tharity has entitlementto the in(x)me, it is probable that the ire will be received the amount of income rNable can be measured rpliably. Gr8ntS 8rMI donations and gifts are recogni5ed v•hen receivable and the Trust has unCOndal enlitlemenl to the income. Trading income bs recogn1 on point of sale for tK)Ih donaied aTrJ purchased goods. Commissw)n irrne is recognised at tM)int the sales invoice is received from the ent. Events irorne is recognised when the event tskes place. Any deF*)sil or inccin8 erVed before the event is included on the balance sheet as deferred incorne. 1.6 Expenditure and Irrecoverable VAT Expenditu is recognised On there is a legal or constructive obligalion lo make a payment lo a third party, il 15 pyobable that settlement will te required and the amwnt of lh8 obligation can measured reliably. AJI expendilure is accounted for C an accruals basis and relates to the tharilable 3ctivS1ies. VAT is charged as a cost against the activity for whth the expenditure was inojrred &JprK)rt costs comprise those StS whth are inwrred diredy in support of expenditure on the objects of the charity and indude govemance. finance. managernent and HR costs. GovÈmance costs are those costs incurred in connection vAth the comlanCe wilh consttbjlional and slatulory requirements of the charity. Irrecoverable VAT is charged as a cost against the aclivity for which the expenditure wa5 incurred. Redundancy aThl termination cost5 are retwnised as an expense in Ihe Statement of Financial Activities and a liability on the Balance Sheet irnrnediatdy al the point the ¢harity is demonstrably committed to either.. Termlnale the emploJThent of an empknyee or grwp of eM0Ye&S before normal retirement date: or Provide temiinalon benefts as a result of an offer male in Order to eroUrage voluntary redun¢JanGy. The charity 15 consKlered to be demonstrably committed only Wh il has a delailed formal plan f¢X the teminalion and is with1 realislic possibility of WithdradI fr the plan. Where costs cannot be directly attributed to parti0Jr Trwdings Ihey have been allocated lo activities on a basi5 cor15FStenl with vse of Ihe resources based upon staff time. 1.7 Voluntsers The value of the servi pded by volunteers nol inccyporated into these financial ststements. Further detsils of their cLtriltIOn are provided in the Trustees rep(xt. 1.8 Flxed assets Depreciation is wovided al rates cakukled to write off the eost of fixed assets. less Ihew estimaleis residual value. over their expected useful lives on the fdknwing basis.. All gorieS oftsrgible fed assets 25% reducing balance Page11
THE CATHEDRAL OF STJOHN THE BAPTIST TRUST (A cornpany limlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued) ACCOUNTING POLICIES Icontlnued} Debtors Trade and other debtors are reccgnised at the seluement amount due after any Irade discount offered. Prepayments are valued al the amwnl prepaid net of any trade di5counls due. A¢¢rued incornè and tax recoverable is induded at th8 besl estimate of the affints receivable at the balan sheet dale. 1.10 Credit¢rs Creditors are recognised where Ihe charity has a present oblvJation resulting from a past event th81 wll probably res in the transfer of funds to a Ihirf party and the amount due to settle Ihe obli9alN)n can be measured or estimaled reliabfy. 1.11 Penslons Th8 charity ¢Jperales a defined wntribution pensioTr stheme and Ihe pensD)n charge represents lh8 amounts payable by the charity to the funcl in respecl of th8 year. 1.12 Operating leases Operating leases are recognised over the pemd of whh the lease falls due. 1.13 Taxatlon The wnpany is Wlsklered to pass the lests set out in Paragraph 1 Sthedule 6 of the Finance Act 2010 and Ih8relore il meets the definrtion of a chaiiiabk Company fcff UK CorratIOn tsx purposes. Accordingly. the company is potenlially exempl frw taxati¢)n in respecl of income or capitsl gains ¢¢IVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the 8Xt8nl that sh incKffie or gains a applted exdusively to charitable purposes. 1.14 Flnan¢ial Instruments The charity Y has financial assets and IFabilits of a knrKI Ihal qualify as basic financial instruments. Basic financial instnJments are inilrdlly recogni8ed attransaction value and subsequently measure(l al their fair value as at the balance sheet dale. All finanual inslwments of the charily are measured at cost wlh the exception of fixed assets vthich are measured at deprecialed cost. Financial assets include the bank balances. trade debtors. accrued inc¥)me and other dpbt(ws bul exdude prepaTrents 18xati(x). Financial lialitIeS include tr crt(s. olher Creditcs. aCGnlS arKJ deferred iw)me twt ex¢lude Sla1 security and other laxe5 due. 1.15 Stocks stocks are valued at the kmr of cost and n8t r&ilisable value. on a in first0 basis. 1.16 Judgements and Key Source of Esllmallon Uncertainty No judgements {apart from thosè involvtryJ estimates) have been made in the process of applying the above accwnts'ng Fdiaes. There are t)0 key assumptiorbs ConMIj the fu1u. nor key sources of eslimation uncertainly al Ihe rewrting dale Ih8t have a signiftcant risk of causing a material adjustmerbl to the carrying amounts of 855ets and liabiliti.es wilhin the next financial year. Page 12
THE CATHEDFLAL OF ST JOHN ThE BAFfisTTRusr IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 lcontinuedl INCOME FROM DONATIONS AND GRANTS Unrestrict Funds 2020 Restrl¢tsd Funds 2020 Total Funds 2020 Total Funds 2019 Donations Parish Contribution Historic Erw3land grant DieSe subsidy grant Other Diocese grants Norwich City Council 107 62,279 107 62,279 314,072 160,569 31.020 13.000 760 59.367 314,072 160.569 31.020 13.01)0 143.357 34.526 266,975 314.072 581,047 238,010 During 2019 all income from donations and grants was unrestricted. Income from government grants during the year was £327.072 {2019= £nill of which £273,205 (2019.. nil) was unspent at the year end and 15 induded *rythin $tricted carried foThtsrd 8$ shown in nole 14. The Diocese received rent from Notre Oame Preparatory of £31,020 (2019: £34.506) and has thosen to allocate Ihls lo CSJBT. 3. INCOME FROM CHARABLE ACTMnES Unrestrl¢ted Unrostrictgd Funds Funds 2020 2019 Sales. hire and fe85 39.260 210.276 39,260 210,276 4a. INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Unrestricted Funds Funds 2020 2019 Columbarium Aellal ren15 1.750 19.121 12.750 19.121 20.871 31,871 4b. OTHER INCOME Unrestrf¢ted Unrestricted Funds Funds 2020 2019 FurtOU9h income 45.576 Pa9e 13
THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST IA company Ilmlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 {contlnued) EXPENDITURE ON CHARITABLE ACTIVITIES Unrestrl¢ted Funds 2020 RestrlelÈd Funds 2020 Total Unrestricted Funds Funds 2020 2019 Notes DireGt Costs 61.009 61.009 164.235 Support Costs 329.994 40.867 370.861 374.379 391.003 40.867 431.870 538,614 In the prfor year all expenditure was unstriCted in nature. SUPPORT COSTS Unrestricted Funds 2020 Re51rided Funds 2020 Total Unrestricted Funds Funds 2020 2019 Staff costs 117.S21 117.521 138,225 Premises costs 134.892 40.867 175.759 170.520 Finance cA)sts 5.024 5,024 4.037 Governan cost5 30.132 30.132 13.424 IT costs 21,610 21.610 15.266 Other costs 20,815 20.815 32.907 329.994 40,867 370,861 374.379 Support costs are allocated lo tharitable expenditure based upon ts'me spent on charily admintstralion ond finance. NET INCOME I lExPENDURE). This is stsled after charging.. Total Funds 2020 Total Funds 2019 Auditors. remuneration 700 11,975 INJependent examination fees Other aceounlancy c£Jsts Deprecialton- owned assets 2.250 3,815 9,479 11.529 Hire of plant and machinery 8,563 11.505 Page 14
THE CATHEDRAL OF ST JOHN THE BAPTISTTRUST (Acompany Ilmited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 {continued) STAFF COSTS 2020 2019 Wages and salaries Soci81 security costs Other pensi costs 160,517 218.268 4,935 11.131 2.230 3.397 167,682 232,7 During the year, theTnJslees Ere rKA pad and d•J notrecei¥Eanylbenefits trom emplonIwIth the ch8ri1y in the year {2019.. £Nill. During the ar Ihe TrusteBS received reWnburSeMenI of expenses {2019: £nill. 2020 2019 average number of staff durirth3 th8 >ar v 13 18 There were no employees whose benefits were than £60.OIXI. Th8 tolal employee benefrts of the key managemenl personnel of Ihe Charity were £12.691 12019.. £46.2451. Included In the above ar8 employer pens¥)n cyJntributN)ns of £251 {2019: £8961 and Employer National Insurance contributions of £1.069 12019- £4.459}. During the year redundancy payments were made lo 4 employee5 (2019.. none) totslling £4.116. These payrnents were auth¢yised for payment in a meeliNJ of the Trustees. Page 15
THE CATHEDRAL OF STJOHNTHE BAPTIST TRusr (A Company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued) TANGIBLE FIXED ASSETS Plant and Ma¢hlnery Fixtures and Computer Fittings Equipment Total Cost At 1 January2020 23.182 78.682 24,836 126.7(Kl A(klitions 3.416 4.1Ck As al 31 Oecember 2020 23.872 82.098 24,836 130.8f Depreciation At 1 January2020 16.328 54.627 18.159 89.114 Charge for the year 1.721 6,086 1.674 9.481 As al 31 December 2020 18.049 60.713 19.833 98,595 Net book value As at 31 Oecember 2020 5.823 21.385 5.003 32.211 At 1 January 2020 24.055 6.677 37,585 10. STOCKS 2020 2019 stocks 19.252 20.936 11. OEBTORS {arnounts falling due wlthln one year) 2020 2019 Trade debtc 3,739 23.855 other deblors 31.110 22.142 VAT 9.332 3.294 prepaents and accwed income 313.047 16.831 357.228 66.122 Page16
THE CATHEDRAL OF ST JOHN THE B>TIsTTRUST (A company Ilmlted by guarantee NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Icontinuedl 12. CREDITORS (amounts falllng due within one year) 2020 2019 Trade creditor5 24,366 56.932 Other t8xation and social security 1.085 3.771 Other ¢dItO 31.180 333 Accruals 14.300 13,426 70.931 74,462 13. OPERATING LEASE COMMITMENTS As 8131 December 2020 the Trust had fuiure minimum lease pay7nents under non-cancellable operaling le8ses as fdlows: Plant and Machlnery 2020 2019 Under 1 year Beeen 2 and 5 3[5 3,8(K) 6.230 15,064 10,030 14. STATEMENT OF FUNDS AI 01.01.2020 Income Expendlture At 31.12.2020 Unrestricted funds- General funds Restricted fund5- Hi51oric England gr8nl 101.(YJ6 372.682 {391.0031 82,685 314.072 140,8671 273,205 101.1)06 686,754 1431.8701 355,890 At 111.01.2019 Income Expenditure At 31.12.2019 Unrestrlcted fund$: GeneRI funds 159.463 480.157 {538,6141 101,006 Restricted funds al the year end relate to the unspent amcyJnt of the Hisforic EnglarNI grant awarded lo The Cathedral ol St John the Bapti%t Trusl in respe¢t of three projects being transept roof iepairs. the urgent replacement of sIDlen tainwatef goods and Ihe urgent reacement of unsafe electrical supply cables and distribution panels. Page 17
THE CATHEDRPLOF STJOHN THE BAPTISTTRUST (Acompany limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2020 (¢ontlnuÈd} 15. ANALYSIS OF NET ASSETS Unrestrlded Restricted Funds Funds Total Funds Current Year: Fixed As5els Current Assets Current Liatmlities 32.211 121.405 170.9311 32,211 394.610 {70.931) 273,205 82.685 273.205 355.890 All funds in the Ffflor year were Unrestr[ fvnds. 16. ANALYSIS OF CHANGES IN NET DEBT At 01.01.2020 Cash-flows At 31.12.2Q20 Cash 50.824 132,6941 18.130 17. PENSION COMMITMENTS The Charity operates 8 defined contn"bulions pensi schème. The assets of the 5cherne are held separately from those of the Charity in an ingjependentty administered fund. The pension ts)sls charge represents "contributions payable by the Charity lothe fvnd and amounted to£2.23012019: £3.397)- Contributions tolallin9 £Nil {2019: £Nill were payable lo the furtty * Ihe balanc8 sheet date and are included in uedilors. 18. RELATED PARTY TRANSACTIONS Ouring the year net expenses of £160.569 {2019.. £143.357) have been paid by The Roman Catholic Diocese of East ArKJlia. a Charity with Trustees in Cornrrn. on behalf of Ihe Trust. This has been treated as a donation wthin the Trust's aunIs. In addition. the Diocese received rent from Notre Dame Preparatory Sthool of £31,020 (2019.. £34.5261 arKI has chJsen to 811ctste INS to CSJBT The Parish of Si John the 8aptist. which is part of Th8 Roman Catholic Diwese of Easl Anglia has received monies of £19,121 12019.. £19.121} for aerial rent from The Cathedral ol St John the Baptist Tru51. The P3rish has agreed to conlribute £62.279 12019.. £59.367) towards the running costs of the Catherjrdl of Sl John the Baptist Trust and this has been treated as 8 donation wthin Ihe Trusvs accounts. As at the 31 Dernber 2020 the Partsh owed Ihe calldra1 of St John the 8aplist Trust £30,999 {2019.' £22.032}. There are other related party transacti& Page 18