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← The Cathedral Of St John The Baptist Trust

2024-12-31-accounts

Registered number: 08421913 Charity number: 1152820

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

CONTENTS

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS 1
TRUSTEES' REPORT 2
INDEPENDENT EXAMINER'S REPORT 6
STATEMENT OF FINANCIAL ACTIVITIES 7
BALANCE SHEET 8
STATEMENT OF CASH FLOWS 9
NOTES TO THE FINANCIAL STATEMENTS 10

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees Rev. J Barnes (Chair) (resigned 7 June 2024) J F H Ellis (resigned 1 March 2024) J M Milne (resigned 10 October 2024) Rev. A Hodgson J G Hurst D Lewins (appointed 11 June 2025) S Pearson (resigned 1 October 2024) L Pilch (resigned 4 October 2024) C Quinn (Chair; appointed 11 July 2024) M E M Raker (resigned 3 October 2024) H Trust (appointed 11 July 2024) Company registered number 08421913 Charity registered number 1152820 Registered office The White House 21 Upgate, Poringland Norwich Norfolk NR14 7SH Independent examiner Price Bailey LLP Anglia House, 6 Central Avenue St Andrews Business Park Thorpe St Andrew Norwich NR7 0HR Bankers National Westminster Bank Plc 45 London Street Norwich NR3 1RT

Page 1

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

TRUSTEES' REPORT INCORPORATING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom (FRS102).

The Cathedral of St John the Baptist Trust was formed to manage the operations and assets of the Cathedral of St John the Baptist, across the whole Cathedral Campus. It assumed the responsibilities of the Roman Catholic Cathedral of East Anglia Preservation and Development Trust and the Cathedral Narthex Company Limited.

The Trust supports the Dean of the Cathedral who is responsible for the spiritual welfare of all those who may visit at the Cathedral, for all liturgical matters and for pastoral care for parishioners and visitors who worship at the Cathedral.

The company registration number, charity registration number, the trustees who served in office during the year and the registered address are all detailed on page 1 of these financial statements.

OBJECTIVES

The objectives of the Cathedral Trust are set out in its Memorandum and Articles of Association as:

The objects of the Charity shall be for the benefit of the public to further the religious and charitable work of the Roman Catholic Cathedral Church of St John the Baptist in Norwich and without prejudice to the generality of those objects to provide and maintain an education facility, community and visitor centre called “The Narthex.”

KEY AIMS AND ACTIVITIES FOR 2024

The key aims for the year may be summarised as:

Activities undertaken to achieve these objectives include:

Page 2

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

TRUSTEES' REPORT INCORPORATING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

As well as a wide variety of religious celebrations including a Veterans Service and the annual Diocesan Chrism Mass bringing together the whole Catholic community of Norfolk, Suffolk, Cambridgeshire and Peterborough.

Success is measured by active feedback, monitoring of finances and delivery of repair projects within time and budget and to the requisite quality.

Plans for the future

Health and safety repair works continued into 2024.

Trustees concluded discussions with the Diocese, as parent, principal funder and guarantor of the Trust, in the light of the ongoing requirement for significant financial support for the Trust’s operations from the Diocesan Trust. This has included consideration of options for modifying the division of responsibilities between the Diocese and the Trust for elements of the Trust’s day to day operations. Trustees decided during 2024 to ensure financial sustainability by transferring the day-to-day business – café, shop, maintenance, visitor support and administration – to the Trust’s parent entity, the Diocese of East Anglia Trust. This transfer will be complete during 2025. Following the transfer, the main focus of the Trust will be on fundraising for the Cathedral fabric.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and Appointment of New Trustees

The power to appoint and remove trustees is vested in the Bishop of the Diocese of East Anglia.

Two Trustees are ex Officio being the Dean of the Cathedral, the Chair or a representative of the Friends; a further ex-officio post for the Chair of the Cathedral Parish Pastoral Council (CPPC), or another representative of the CPPC, is currently vacant. The remaining Trustees are appointed by the Bishop. Two are also Diocesan Trustees and provide a link to the Diocese.

Organisational Structure and Control

The Cathedral Trust is governed by the Board of Trustees assisted by the Company Secretary who is also the Director of Operations and Finance for the Diocese of the East Anglia. The operations of the Trust are managed by the General Manager. The Trustees meet regularly. The Trustees exercise control over Trust operations by formulating policy as required by the factors arising from the religious, commercial and financial aspects of the Cathedral operations.

The Diocese supports and assists with the charitable objectives of the Trust through a grant agreement which guarantees that the Trust will be run as a going concern. This grant amounted to £227,593 in 2024 (2023 – £255,339), or about a third of total unrestricted income. Trustees decided during 2024 to ensure the financial sustainability of the day-to-day business – café, shop, maintenance, visitor support and administration – by transferring it to the Trust’s parent entity, the Diocese of East Anglia Trust. This transfer will be complete during 2025.

Risk Management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A Risk Assessment is presented to the Trustees regularly for review and approval.

Page 3

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

TRUSTEES' REPORT INCORPORATING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees have assessed the major risks to which the Trust is exposed and are satisfied that systems are in place to mitigate our exposure to the major risks. The major risks are:

  1. Overspend on Unrestricted Funds. The Trust is reliant on an open-ended subsidy from the Diocese to ensure that it remains a Going Concern. This will remain the case for the foreseeable future. As noted above, Trustees are in discussions with the Diocesan Trustees about potential options to address the Trust’s dependence on the Diocesan grant.

  2. Reserves are inadequate to meet the long-term ambitions of the Trust. This is no longer a risk but an issue. Trustees are in discussions with the Diocese as noted above.

  3. Inadequate HR policies and practices. The employee handbook was updated during 2022 and an external contractor provides HR advice as needed. The General Manager is CIPD qualified.

  4. Inadequate Financial processes, systems and controls. The Diocesan Accountant was appointed as Finance Director for the Trust in 2024 on a part-time unremunerated secondment. The day-to-day finance function is provided on a contract basis by an external provider. Liaison arrangements are in place including a monthly liaison meeting between the Trust, the bookkeeper, and the Diocesan team.

  5. Lack of Financial Planning. The Trustees set a budget annually and review management accounts regularly. The monthly liaison meeting with the Diocese and bookkeeper reviews management accounts and a monthly full-year cashflow forecast.

  6. Inadequate Insurance Cover. The Diocese has been working with the Catholic Insurance Service to ensure that insurance cover is adequate. There is a need to update the inventory and discussions about that continue.

Public Benefit

The Trust actively promotes the Cathedral as an asset for the whole community, in Norwich and across East Anglia. This is reflected both in use by the community as a whole, including for example by hosting classes and events and by accommodating a winter night shelter, and in making an attractive general educational offer open to all age groups. The Cultural and Heritage Officer, Dr Richard Maguire, supports events for school groups, lectures and tours, and has upgraded the Cathedral’s interpretational materials.

The Cathedral Campus is also available as a venue for secular entertainments such as concerts, conferences and exhibitions.

Remuneration of Key Management Personnel

Trustees are responsible for reviewing the pay of the General Manager.

Volunteers

Volunteers play a major role in the life of the Cathedral Campus. Volunteers are essential both for religious services and other activities such as tours of the building, assisting with the retail and catering operation, maintaining the extensive garden. The number of volunteers is in the region of 200 individuals, which is high in relation to the numbers attending Mass each week. Volunteers are welcome regardless of their particular faith background or beliefs, so long as they respect the Catholic ethos of the Cathedral.

Page 4

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

TRUSTEES' REPORT INCORPORATING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Fundraising

The Trust understands its duty to protect the public, including vulnerable people, from unreasonably intrusive or persistent fundraising approaches and undue pressure to donate. During 2024 the Trust did not actively fundraise from the general public or use any internal fundraisers or external fundraising agencies for either telephone or faceto-face campaigns and received no fundraising complaints during the year. A fundraising hub which promotes donations from visitors to the Cathedral using display boards in the Narthex was established during 2023. A significant grant from Historic England was secured during 2024 and became payable during 2025; this will be followed by further grant applications.

Financial Review

The Trust is reliant on subsidy from the Diocese, which, including Diocesan income from schools rent and aerial rent attributed to the Trust and events income from Diocesan events, accounts for the bulk of its ongoing income. A longterm grant agreement with the Diocese was signed in December 2020, setting out agreed levels of subsidy for the next five years, with a process of annual review. In 2024, the level of subsidy foreseen by the agreement - £60,000 was exceeded by £167,593 (2023 - £195,339).

In 2024, the Trust’s reserves increased from £40,288 to £69,428. This reflects a positive contribution from charitable activities, which performed strongly in 2024, increasing 26 per cent during the year, and making a double-digit operating margin, and strong management of creditors. Income in the year totaled £666,561 (2023 - £625,512), expenditure was £637,421 (2023- £577,424). Cash held increased from £39,362 at the end of 2023 to £47,325 at the end of 2024. Significant cashflow support was provided during the year by the Diocese of East Anglia. The Trustees’ approach to reserves has been to recognise that there are considerable challenges in the way of rebuilding significant reserves in the near future but that cashflow will be closely monitored and managed to maximise the endyear cash position. The transfer of day to day operations to the Diocese of East Anglia Trust will reduce uncertainty and risk.

Going Concern

Trustees have considered the financial position of the Trust in the context of the grant agreement with the Diocese, ongoing discussions with the Diocese, and correspondence with the Diocese and consider that they have reasonable assurance that the Trust will remain a going concern for the 12 months after the approval of these accounts. The transfer of day to day operations to the Diocese of East Anglia Trust will result in a significant reduction in the scale of the Trust’s financial activities, which will from that point onwards focus on fundraising for the Cathedral fabric.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

30 Jul 2025

Approved by the order of the Board of Trustees on and signed on its behalf by:

C M Quinn

~~……………………………………~~ Christine Quinn (Jul 30, 2025, 11:46am) ………………….. Mrs Christine Quinn, Chair of Trustees

Page 5

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

Independent Examiner's Report to the Trustees of The Cathedral of St John the Baptist Trust

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2024 which are set out on pages 7 to 20.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Price Bailey LLP have provided book-keeping services to the Charity. I have applied the FRC’s Revised Ethical Standard.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Suzanne Goldsmith FCA

For and on behalf of Price Bailey LLP

Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, NR7 0HR Date: 31 July 2025

Page 6

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Total Total
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2024 2024 2024 2023
£ £ £ £
INCOME
Donations and legacies 2 360,156 24,531 384,687 382,699
Income from charitable activities 3 244,253 - 244,253 193,942
Income from other trading activities 4 37,621 - 37,621 48,871
___ ___ ___ ___
Total income 642,030 24,531 666,561 625,512
___ ___ ___ ___
EXPENDITURE
Expenditure on charitable activities 5 628,850 8,571 637,421 577,424
___ ___ ___ ___
Total expenditure 628,850 8,571 637,421 577,424
___ ___ ___ ___
NET INCOME, BEING NET
MOVEMENT IN FUNDS 13,180 15,960 29,140 48,088
Total funds brought forward 18,328 21,960 40,288 (7,800)
TOTAL FUNDS CARRIED
FORWARD 14 31,508 37,920 69,428 40,288

The notes on pages 10 to 20 form part of these financial statements.

Page 7

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

Registered Number: 08421913 BALANCE SHEET AS AT 31 DECEMBER 2024

Notes
£
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Stocks
10
14,158
Debtors
11
53,288
Cash at bank and in hand
47,325
_
114,771
CREDITORS:amounts falling due
within one year
12
(66,373)
_
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Unrestricted funds
14
Restricted funds
14
TOTAL FUNDS		 2024
£
£
21,030
14,796
32,823
39,362
_
86,981
(71,111)
_
48,398
_

69,428

31,508
37,920
_

69,428
 2023
£
24,418
15,870
_
40,288

18,328
21,960
_
40,288

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and the directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small company’s regime.

30 Jul 2025

The financial statements were approved by the Trustees on and signed on their behalf, by:

C M Quinn

~~…………………………..~~ ~~Mrs~~ Christine Quinn, Chair of Trustees Christine Quinn (Jul 30, 2025, 11:46am)

The notes on pages 10 to 20 form part of these financial statements.

Page 8

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

STATEMENT OF CASH FLOWS AS AT 31 DECEMBER 2024

Cash flows from operating activities:
Net cash provided by operating activities:
Adjustments for:
Depreciation charges
Decrease in stocks
Decrease/(Increase) in debtors
Decrease in creditors
Net cash provided by operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the reporting period		 2024
£
29,140
6,764
638
(20,465)
(4,738)
_

11,339

(3,376)
_
(3,376)
_
7,963
39,362
_
47,325
 2023
£

48,088
6,876
5,598
49,283
(78,589)
_
31,256

(8,937)
_
(8,937)
_____
22,319
17,043
__
39,362

The notes on pages 10 to 20 form part of these financial statements.

Page 9

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1.0 ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)), and the Companies Act 2006.

The Cathedral of St John the Baptist Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are presented in pounds sterling and are rounded to the nearest pound.

1.2 Legal status of the Charity

The charity is a company limited by guarantee, incorporated in England and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. There are currently 5 members (2023: 7 members). The registered address of the charity is The White House, 21 Upgate, Poringland, Norwich, Norfolk NR14 7SH. The place of business is Cathedral House, Unthank Road, Norwich, NR2 2PA.

1.3 Going concern

The Trustees have considered the financial position of the Trust in the context of the grant agreement with the Diocese, ongoing discussions with the Diocese, and correspondence with the Diocese and consider that they have reasonable assurance that the Trust will remain a going concern for the 12 months after the approval of these accounts. The transfer of day to day operations to the Diocese of East Anglia Trust will result in a significant reduction in the scale of the Trust’s financial activities, which will from that point onwards focus on fundraising for the Cathedral fabric.

1.4 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity.

Restricted funds are those which have been received for undertaking an activity specified by the donor.

1.5 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Page 10

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)

1. ACCOUNTING POLICIES (continued)

1.6 Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis and relates to the charitable activities. VAT is charged as a cost against the activity for which the expenditure was incurred

Support costs comprise those costs which are incurred directly in support of expenditure on the objects of the charity and include governance, finance, management and HR costs. Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements of the charity. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources based upon staff time.

1.7 Volunteers

The value of the services provided by volunteers is not incorporated into these financial statements. Further details of their contribution are provided in the Trustees report.

1.8 Fixed assets

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

All categories of tangible fixed assets

25% reducing balance

1.9 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

1.10 Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Page 11

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)

1. ACCOUNTING POLICIES (continued)

1.11 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

1.12 Operating leases

Operating leases are recognised over the period of which the lease falls due.

1.13 Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received 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 extent that such income or gains are applied exclusively to charitable purposes.

1.14 Financial Instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their fair value as at the balance sheet date. All financial instruments of the charity are measured at cost with the exception of fixed assets which are measured at depreciated cost.

Financial assets include the bank balances, trade debtors, accrued income and other debtors but exclude prepayments and taxation.

Financial liabilities include trade creditors, other creditors, accruals and deferred income but exclude social security and other taxes due.

1.15 Stocks

Stocks are valued at the lower of cost and net realisable value, on a first in first out basis.

1.16 Judgements and Key Source of Estimation Uncertainty

No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies.

There are no key assumptions concerning the future, nor key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Page 12

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)

2. INCOME FROM DONATIONS AND GRANTS

Unrestricted
Funds
2024
£
Donations
21,563
Parish Contribution
75,000
Diocese Subsidy Grant
227,593
Other Diocese Grants
36,000
Other Grant Income
-
___
360,156
 Restricted
Funds
2024
£
216
-
-
-
24,315
___
24,531
 Total
Funds
2024
£
21,779
75,000
227,593
36,000
24,315
___

384,687

 Total
Funds
2023
£
24,145
59,220
255,339
37,254
6,741
___
382,699

During 2023 the total restricted income was £22,423, this was made up of £15,682 of donations and £6,741 of other grant income. All other income was unrestricted.

The Diocese received rent from Notre Dame Preparatory School of £36,000 (2023: £37,254) and has chosen to allocate this to CSJBT.

3. INCOME FROM CHARITABLE ACTIVITIES

3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Unrestricted
Funds
Funds
2024
2023
£
£
Sales, hire and fees 244,253
193,942
___
__
244,253
193,942
4. INCOME FROM OTHER TRADING ACTIVITIES
Unrestricted Unrestricted
Funds
Funds
2024
2023
£
£
Columbarium 25,500
29,750
Aerial rents 12,121
19,121
__
___
37,621
48,871

Page 13

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)

.

5. EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted
Notes
Funds
2024
£
Direct Costs
190,962
Support Costs
6
437,888
__
628,850
 Restricted
Funds
2024
£
-
8,571
__
8,571
 Total
Funds
2024
£
190,962
446,459
__
637,421
 Total
Funds
2023
£
166,196
411,228
__
577,424

In 2023, all expenditure was unrestricted.

6. SUPPORT COSTS

Unrestricted
Funds
2024
£
Staff costs
106,938
Premises costs
245,966
Finance and professional costs
10,825
Governance costs
23,964
IT costs
22,162
Other costs
28,033
___
437,888
 Restricted
Funds
2024
£
-
8,571
-
-
-
-
___
8,571
 Total
Funds
2024
£
106,938
254,537
10,825
23,964
22,162
28,033
___
446,459
 Total
Funds
2023
£
95,025
228,356
21,027
19,423
20,554
26,843
__
411,228

Support costs are allocated to charitable expenditure based upon time spent on charity administration and finance.

Page 14

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)

7.
NET INCOME / (EXPENDITURE):
This is stated after charging:
Amounts payable to independent examiner:
Independent examination fees
Assurance services other than independent examination
Depreciation – owned assets
Hire of plant and machinery
8.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs

 Total
Funds
2024
£
2,250
21,714
6,764
6,639

2024
£
214,363
8,840
3,647
_

226,850
_
 Total
Funds
2023
£
2,150
17,273
6,876
8,646

2023
£
183,475
7,223
3,133
_
193,831
_

During the year, the Trustees were not paid and did not receive any other benefits from employment with the charity in the year (2023: £Nil).

No trustees were reimbursed expenses during the year (2023: £407 in relation to travel and meeting expenses).

The average number of staff during the year was 2024
£
25
 2023
£
20

There were no employees whose benefits were more than £60,000 (2023: £Nil).

The Trust considers its key management personnel comprise of the Cathedral Manager. The total employee benefits of the key management personnel of the Charity were £38,890 (2023: £36,597). Included in the above are employer pension contributions of £849 (2023: £790) and Employer National Insurance contributions of £3,510 (2023: £3,239).

Page 15

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)

9. TANGIBLE FIXED ASSETS

Plant and
Fixtures and
Computer
Machinery
Fittings
Equipment
£
£
£
Cost
At 1 January 2024
25,134
83,583
35,201
Additions
1,375
2,001
-
__
__
__

As at 31 December 2024
26,509
85,584
35,201
Depreciation
At 1 January 2024
21,431
73,026
25,043
Charge for the year
1,087
3,140
2,537
__
__
__

As at 31 December 2024
22,518
76,166
27,580
Net book value
As at 31 December 2024
3,991
9,418
7,621
At 1 January 2024
3,703
10,557
10,158
STOCKS
2024
£
Stocks
14,158		 Total
£
143,918
3,376
__
147,294
119,500
6,764
__
126,264
21,030
24,418
2023
£
14,796

10. STOCKS

Page 16

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)

11. DEBTORS (amounts falling due within one year)

Trade debtors
Other debtors
Prepayments and accrued income

12. CREDITORS (amounts falling due within one year)
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income

13. DEFERRED INCOME
At 1 January
Amounts deferred in the year
Amounts released

At 31 December		 2024
£
5,445
30,945
16,898
_

53,288

2024
£
20,907
8,639
1,231
35,596
_

66,373

2024
£
185
8,755
(185)
__

8,755
 2023
£
11,264
18,086
3,473
_
32,823

2023
£
26,102
9,294
934
34,781
_
71,111

2023
£
516
185
(516)
__
185

Deferred income relates to aerial rents and hire fees received in advance.

Page 17

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)

14. STATEMENT OF FUNDS

At 01.01.2024 Income Expenditure Transfers At 31.12.2024
Unrestricted funds:
General funds 18,328 642,030 (628,850) - 31,508
Restricted funds:
Organ Fund 15,682 216 - - 15,898
Donations for windows
restoration 6,278 - - - 6,278
Narthex fund - 24,315 (8,571) - 15,744
Total restricted funds 21,960 24,531 (8,571) - 37,920
Total funds 40,288 666,561 (637,421) - 69,428
15. STATEMENT OF FUNDS – PRIOR YEAR 15. STATEMENT OF FUNDS – PRIOR YEAR
At 01.01.2023 Income Expenditure Transfers At 31.12.2023
Unrestricted funds:
General funds (17,829) 603,089 (577,424) 10,492 18,328
Restricted funds:
Organ Fund - 15,682 - - 15,682
Cultural Recovery Fund 1,730 - - (1,730) -
CATEW 2,333 - - (2,333) -
Maintenance grant (1,617) 6,741 (1,617) 6,741 (1,617) 6,741
-
(5,124)		 (5,124) (5,124)
-
Donations for windows 6,278 - - - 6,278
restoration
BIFFA award- Narthex toilet BIFFA award- Narthex toilet
1,305		 - - (1,305) -
refurbishment
Total restricted funds 10,029 22,423 - (10,492) 21,960
Total funds (7,800) 625,512 (577,424) - 40,288

15. STATEMENT OF FUNDS – PRIOR YEAR

The transfer of funds relates to expenditure incurred on restricted projects misclassified to unrestricted expenditure in previous years.

Page 18

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)

Restricted funds

Cultural Recovery Fund was received during 2023 to assist the Cathedral of St John the Baptist Trust to support its heritage operation and transition back to full reopening after the Covid-19 pandemic.

CATEW funds and the maintenance grant were received towards the ongoing repairs and restoration of historical buildings.

The Organ Fund holds donations made to provide a new pipe organ for the Cathedral in the future.

The Narthex Fund consists of a legacy donation to support the upkeep of the Narthex.

16. ANALYSIS OF NET ASSETS

Unrestricted Restricted Total
Current Year: Funds Funds Funds
£ £ £
Fixed Assets 21,030 - 21,030
Current Assets 76,851 37,920 114,771
Current Liabilities (66,373) - (66,373)
__ _ ___
31,508
 37,920
 69,428
ANALYSIS OF NET ASSETS
Unrestricted Restricted Total
Prior Year: Funds Funds Funds
£ £ £
Fixed Assets 24,418 - 24,418
Current Assets 65,021 21,960 86,981
Current Liabilities (71,111) - (71,111)
__ _ ___
18,328
 21,960
 40,288
ANALYSIS OF CHANGES IN NET DEBT
At 01.01.2024 Cash-flows At 31.12.2024
£ £ £
Cash 39,362 7,963 47,325

17. ANALYSIS OF NET ASSETS

18. ANALYSIS OF CHANGES IN NET DEBT

Page 19

THE CATHEDRAL OF ST JOHN THE BAPTIST TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)

19. PENSION COMMITMENTS

The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension costs charge represents contributions payable by the Charity to the fund and amounted to £3,647 (2023: £3,133). Contributions totalling £901 (2023: £740) were payable to the fund at the balance sheet date and are included in creditors.

20. OPERATING LEASE COMMITMENTS

As at 31 December 2024 the Trust had future minimum lease payments under non-cancellable operating leases as follows:

Plant and Machinery 2024 2023
£ £
Under 1 year 3,165 6,239
Between 2 and 5 years - 3,165
__ __

21. RELATED PARTY TRANSACTIONS

During the year net expenses of £227,593 (2023: £255,339) have been paid by The Roman Catholic Diocese of East Anglia, a Charity with Trustees in common, on behalf of the Trust. This has been treated as a donation within the Trust's accounts. In addition, the Diocese received rent from Notre Dame Preparatory School of £36,000 (2023: £37,254) and has chosen to allocate this to CSJBT.

The Parish of St John the Baptist, which is part of The Roman Catholic Diocese of East Anglia has received monies of £12,121 (2023: £19,121) for aerial rent from The Cathedral of St John the Baptist Trust. The Parish has contributed £75,000 (2023: £59,220) towards the running costs of the Cathedral of St John the Baptist Trust and this has been treated as a donation within the Trust's accounts.

As at the 31 December 2024 the Parish owed the Cathedral of St John the Baptist Trust £30,945 (2023: £18,026) for monies received on its behalf.

There are no other related party transactions.

22. POST BALANCE SHEET EVENTS

In 2025, there will be a transfer of day to day operations of The Cathedral of St John the Baptist to the Diocese of East Anglia Trust and from that point onwards The Cathedral of St John the Baptist Trust will focus on fundraising for the Catholic fabric.

Page 20