REGISTERED CHARITY NUMBER: 1152990
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR
LEICESTER CATHEDRAL CHARITABLE TRUST
HaysMac LLP 10 Queen Street Place London EC4R 1AG
LEICESTER CATHEDRAL CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | ||
| Statement of Cash Flows | 7 | ||
| Notes to the Statement of Cash Flows | 8 | ||
| Notes to the Financial Statements | 9 | to | 14 |
| Detailed Statement of Financial Activities | 15 |
LEICESTER CATHEDRAL CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees of the Leicester Cathedral Charitable Trust present their annual report for the year ended 31 December 2023 and confirm they comply with the requirements of the Charities Act 1993, as amended by the Charities Act 2006 and subsequently by the Charities Act 2011.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and the relevant version of the 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the Charitable Incorporated Organisation (CIO) is, for the public benefit, to promote, aid and further the objects and work of the Church of England by supporting the work of the Chapter of the Cathedral Church of St Martin in Leicester including but not limited to:
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The provision of a fitting place of interment for the human remains of King Richard III of England and associated religious facilities and activities and the repair, maintenance and renewal of all such provisions and facilities; and
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The preservation, maintenance and development of the Cathedral Church of St Martin in Leicester generally.
Trustees induction and training
All current trustees are also trustees of other charitable organisations and well experienced in the nature of the role and legal responsibilities. New trustees will receive an induction, be made aware of the role of a trustee as laid down by the Charity Commission and, if appropriate, attend appropriate training and development seminars to help them develop their role.
Fundraising
Funds are raised to support the current requirements of the Cathedral. In order to do this, a professional fundraiser is used who complies with all relevant codes of practice. Fundraising activities on behalf of the Cathedral are subject to regular review by senior management and no fundraising complaints have been received. A fundraising policy is in place.
All reasonable care is taken to ensure protection of the public, including vulnerable people, from unreasonably intrusive or persistent fundraising approaches, and undue pressure to donate.
Public benefit
The charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.
ACHIEVEMENT AND PERFORMANCE
Review of activities 2023
The Cathedral Building closed in January 2022 for substantial refurbishment and renewal construction works (a project known as 'Leicester Cathedral Revealed' (LCR)) and remained closed until November 2023 when we returned to the building, although the external works, along with the construction of the new Heritage and Learning Centre/Chapter House will not be completed until early 2025. The latter deadline has been pushed back as a result of considerable archaeological work that was required during excavations to create the basement floors of the new building, work whose extent greatly exceeded the expectations of experts prior to work on site starting.
This extra work has also increased the overall cost of the project by nearly £2m so, whilst all the originally budgeted costs had been raised prior to the start of work, it has been necessary to re-open the fundraising appeal with approaches to our existing donors and funders, as well as new sources. We are extremely grateful for the sympathetic and generous responses that we have received to this further appeal and, although at the time of writing much work is still to be done, we are cautiously optimistic about the eventual outcome.
Support for LCR is currently the main focus of the activity of the Trust. We have continued to support the project by releasing funds held by the Trust previously raised, as well as the re-opened appeal.
During the closure of the Cathedral, the worship life of the Cathedral continued and was hosted in the nearby St Nicholas Church and St Martins House, as well as regular Sunday afternoon visits with the choir to parish churches around the diocese under the banner 'Together with Leicester Cathedral'. During 2023 there were also significant events in the life of our nation that were marked with local commemorations - including the Coronation of His Majesty King Charles III in May.
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LEICESTER CATHEDRAL CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
Financial position
At 31 December 2023, the unrestricted fund, which provides the matched funding for the Richard III Interpretation project and other work in the Cathedral, had a cash balance of £7,301, creditors outstanding of £5,403 and an overall balance of £2,258.
The restricted fund had a cash balance of £1,489,186, and an overall balance of £1,534,979 made up of £4,000 for the Chapel of Christ the King (an element of the Leicester Cathedral Revealed project) and £1,530,979 for Leicester Cathedral Revealed.
Reserves policy
The Trustees consider that an appropriate level of unrestricted reserves should be sufficient to cover any Governance Costs, around £4,900. The current balance is below this and is therefore considered insufficient. It will be built up by crediting some interest to the General Fund rather than the Leicester Cathedral Revealed project.
Going concern
The Trustees consider that the Trust has sufficient reserves to continue to meet its charitable objectives.
FUTURE PLANS
The Trust will be vital in supporting Chapter as it continues to develop Leicester Cathedral Revealed, with the objectives of financially supporting the completion of the final build phase of the project in 2024 and the delivery phase running through to 2027.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Leicester Cathedral Charitable Trust is a Charitable Incorporated Organisation (CIO) whose only voting members are its charity trustees.
It is governed by its Constitution dated 20 June 2013.
Organisational structure
The Charitable Trust works closely with Leicester Cathedral to achieve its aims and uses the staffing resources of the Cathedral to meet these. The trustees meet regularly to have oversight of its fundraising activities and annually to receive the report and accounts prepared by the Administrator. The day-to-day operation is carried out by the Cathedral staff and senior team, in close consultation with the Leicester Cathedral Revealed Project Board which meets monthly to oversee the expenditure of the project; the Trustees and the Cathedral Chapter receive updates at each of their meetings.
Risk management
The main purpose of the Trust is to raise money to enable the Chapter of Leicester Cathedral to achieve its purpose as described in the Objects of the Trust above. The Trustees are involved in fundraising activities with other staff from the Cathedral and in this way have direct input to the development of strategies and their implementation. The Trustees are acutely aware of their responsibilities with regard to the money raised and that it is only to be used for the purpose given. They have established controls to mitigate any risks in the treatment of funds.
It is the Chapter that would commission any expenditure and therefore any risk would fall to them. In making decisions to commit to work in the Cathedral the Chapter would need to be mindful of the need to ensure that funds exist either from the Charitable Trust or other sources.
Safeguarding
The Trust operates within the Safeguarding Policy and Procedures of Leicester Cathedral which is constructed using the Church of England National Safeguarding Policy and Procedures adapted to this local cathedral context.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1152990
Principal address
Cathedral Office St Martins House 7 Peacock Lane Leicester Leicestershire LE1 5PZ
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LEICESTER CATHEDRAL CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
The Very Reverend Karen Rooms - Dean of Leicester (Installed as Dean of Leicester on 9 March 2024)
Mr Jonathan Kerry - Chief Executive and Diocesan Secretary for the Diocese of Leicester Cathedral Administrator (To 31 March 2024)
Mrs Sara Burgess
Independent Examiner
Adam Halsey FCA HaysMac LLP 10 Queen Street Place London EC4R 1AG
Solicitors
Revd T Kirkman MA (Cantab) Latham and Co Solicitors Charnwood House, 2 Forest Road Loughborough LE11 3NP
Administrator
Richard Norman (From 1 April 2024) Chief Operating Officer – Leicester Cathedral
Finance Manager
Trevor Peel Chief Financial Officer - Leicester Cathedral
Bankers
Barclays Bank plc 1 - 3 Haymarket Towers Branch Humberstone Gate Leicester LE1 1WA
Approved by order of the board of trustees on 11 February 2025 and signed on its behalf by:
.............................................................................. Very Revd K Rooms - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEICESTER CATHEDRAL CHARITABLE TRUST
I report to the Trustees on my examination of the accounts of Leicester Cathedral Charitable Trust for the year ended 31 December 2023 which are set out on pages 5 to 15.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the 2011 Act"). The trustees are satisfied that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and have chosen instead to have an independent examination.
I report in respect of my examination of the Trust's accounts as carried out under section 44 (1) ( c) of the 2005 Act and section 145 of the 2011 Act. In carrying out my examination I have followed the requirements of the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Adam Halsey FCA
HaysMac LLP Chartered Accountants 10 Queen Street Place London EC4R 1AG
Date: 23 May 2025
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LEICESTER CATHEDRAL CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Investment income 4 Total EXPENDITURE ON Charitable activities 5 Charitable giving Other running costs Total NET EXPENDITURE RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 18 - 18 4,890 - 4,890 (4,872) 7,130 2,258 |
Restricted funds £ 622,675 82,979 705,654 2,212,036 - 2,212,036 (1,506,382) 3,041,361 1,534,979 |
2023 Total funds £ 622,693 82,979 705,672 2,216,926 - 2,216,926 (1,511,254) 3,048,491 1,537,237 |
2022 Total funds £ 746,604 42,536 789,140 1,890,914 8,928 1,899,842 (1,110,702) 4,159,193 3,048,491 |
|---|---|---|---|---|
The notes form part of these financial statements
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LEICESTER CATHEDRAL CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023
| Notes CURRENT ASSETS Debtors 10 Cash at bank CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ - 7,301 7,301 (5,043) 2,258 2,258 2,258 |
Restricted funds £ 45,793 1,489,186 1,534,979 - 1,534,979 1,534,979 1,534,979 |
2023 Total funds £ 45,793 1,496,487 1,542,280 (5,043) 1,537,237 1,537,237 1,537,237 2,258 1,534,979 1,537,237 |
2022 Total funds £ 42,318 3,198,442 3,240,760 (192,269) 3,048,491 3,048,491 3,048,491 7,130 3,041,361 3,048,491 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 11 February 2025 and were signed on its behalf by:
.............................................
Very Revd K Rooms - Trustee
The notes form part of these financial statements
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LEICESTER CATHEDRAL CHARITABLE TRUST
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2023 £ (1,784,934) (1,784,934) 82,979 82,979 (1,701,955) 3,198,442 1,496,487 |
2022 £ (1,168,862) (1,168,862) 42,536 42,536 (1,126,326) 4,324,768 3,198,442 |
|---|---|---|
The notes form part of these financial statements
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LEICESTER CATHEDRAL CHARITABLE TRUST
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest received (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash used in operations |
2023 £ (1,511,254) (82,979) (3,475) (187,226) (1,784,934) |
2022 £ (1,110,702) (42,536) 29,673 (45,297) |
|---|---|---|
| (1,168,862) |
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank Total |
At 1.1.23 £ 3,198,442 3,198,442 3,198,442 |
Cash flow £ (1,701,955) (1,701,955) (1,701,955) |
At 31.12.23 £ 1,496,487 |
|---|---|---|---|
| 1,496,487 | |||
| 1,496,487 |
The notes form part of these financial statements
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LEICESTER CATHEDRAL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
Leicester Cathedral Charitable Trust is a Charitable Incorporated Organisation (CIO) registered in England and Wales, whose only voting members are its trustees. The charity's registered number is 1152990. The principal address of the charity is St Martins House, 7 Peacock Lane, Leicester, LE1 5PZ.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The financial statements cover the individual entity.
The entity constitutes a public benefit entity as defined by FRS 102.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The accounts (financial statements) have been prepared in accordance with the relevant version of the 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) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The accounts (financial statements) have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Income
Income is recognised when the Trust has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either:
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The Trust is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made,
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or when a distribution is received from the estate.
Receipt of a legacy in whole or in part, is only considered probable when the amount can be measured reliably, and the Trust has been notified of the executor's intention to make a distribution. Where legacies have been notified to the Trust, or the Trust is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Grants received have been used to cover expenditure as required by the conditions of the grant.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Trust; this is normally upon notification of the interest paid or payable by the bank.
continued...
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LEICESTER CATHEDRAL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
2. ACCOUNTING POLICIES - continued
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenses are accounted for inclusive (where applicable) of any VAT which cannot be recovered.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds are funds which are available for use at the discretion of the Trust in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trust for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Trust for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Financial Instruments
The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
3. DONATIONS AND LEGACIES
| Donations Gift aid Grants Grants received, included in the above, are as follows: Grants in support of mission 4. INVESTMENT INCOME Deposit account interest |
2023 £ 43,218 3,475 576,000 622,693 2023 £ 576,000 2023 £ 82,979 |
2022 £ 80,935 20,669 645,000 746,604 2022 £ 645,000 2022 £ 42,536 |
|---|---|---|
continued...
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LEICESTER CATHEDRAL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
5. CHARITABLE ACTIVITIES COSTS
| Direct Costs £ Charitable giving 2,212,036 6. SUPPORT COSTS Charitable giving 7. INDEPENDENT EXAMINERS' FEES Fees payable to the charity's auditors for the audit of the charity's financial statements Independent examiners' remuneration |
Support costs (see note 6) £ 4,890 2023 £ - 2,400 |
Totals £ 2,216,926 Governance costs £ 4,890 2022 £ 6,438 - |
|---|---|---|
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Employees
Excluding trustees, there were no employees for the charity during the current or prior year. As the charity does not employ staff there were no staff or key management remuneration costs.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Charitable giving Other running costs Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward |
Unrestricted fund £ - - - - 8,928 8,928 (8,928) 16,058 |
Restricted funds £ 746,604 42,536 789,140 1,890,914 - 1,890,914 (1,101,774) 4,143,135 |
Total funds £ 746,604 42,536 789,140 1,890,914 8,928 1,899,842 (1,110,702) 4,159,193 |
|---|---|---|---|
continued...
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LEICESTER CATHEDRAL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors and accrued income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Amounts owed to parent Accruals 12. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Chapel of Christ the King Revealed TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Revealed TOTAL FUNDS |
Unrestricted fund £ 7,130 At 1.1.23 £ 7,130 4,000 3,037,361 3,041,361 3,048,491 Income £ 18 705,654 705,672 |
Restricted funds £ 3,041,361 2023 £ 45,793 2023 £ 153 4,890 5,043 Net movement in funds £ (4,872) - (1,506,382) (1,506,382) (1,511,254) Expenditure £ (4,890) (2,212,036) (2,216,926) |
Total funds £ |
||
|---|---|---|---|---|---|
| 3,048,491 | |||||
continued...
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LEICESTER CATHEDRAL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Chapel of Christ the King Revealed TOTAL FUNDS |
At 1.1.22 £ 16,058 4,000 4,139,135 4,143,135 |
Net movement in funds £ (8,928) - (1,101,774) (1,101,774) |
At 31.12.22 £ 7,130 4,000 3,037,361 3,041,361 3,048,491 |
|---|---|---|---|
| 4,159,193 | (1,110,702) |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Revealed TOTAL FUNDS |
Income £ - 789,140 789,140 |
Expenditure £ (8,928) (1,890,914) (1,899,842) |
Movement in funds £ (8,928) (1,101,774) (1,110,702) |
|---|---|---|---|
Chapel of Christ the King
A fund established to allow works to be carried out in the Chapel.
Leicester Cathedral Revealed
This fund has been established to financially support the reordering project for Leicester Cathedral.
13. RELATED PARTY DISCLOSURES
During the year ended the Trust made Grants of £2,216,926 (2022 - £1,890,914) to Leicester Cathedral in order to enable it to make payments in relation to work on reordering the Cathedral. At the end of the year the Trust owed Leicester Cathedral £153 (2022 - the Trust owed Leicester Cathedral £183,341).
The Charitable Trust is vital in supporting the work of the Cathedral Chapter and particularly in relation to the Leicester Cathedral Revealed Project.
The trustees of the Charitable Trust are nominated by Leicester Cathedral. The results of the Leicester Cathedral Charitable Trust have, therefore, been included in the consolidated results of Leicester Cathedral.
continued...
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LEICESTER CATHEDRAL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
14. ULTIMATE CONTROLLING PARTY
The charity is controlled by its ultimate parent, The Cathedral Church of St Martin Leicester (Charity Number 1205102) trading as Leicester Cathedral. Copies of the consolidated accounts can be obtained from the Cathedral office: St Martin's House, 7 Peacock Lane, Leicester, LE1 5PZ.
The object of the ultimate parent is being a centre of worship and mission for the advancement of the Christian religion in accordance with the precepts of the Church of England.
The Cathedral works towards these aims with the services and events they hold at the Cathedral and in the wider community.
The parent can exercise control via its common trustees.
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LEICESTER CATHEDRAL CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Charitable Giving Support costs Governance costs Auditors' remuneration Independent examiners' remuneration Accountancy and legal fees Total resources expended Net expenditure |
2023 £ 43,218 3,475 576,000 622,693 82,979 705,672 2,212,036 - 2,400 2,490 4,890 2,216,926 (1,511,254) |
2022 £ 80,935 20,669 645,000 746,604 42,536 789,140 1,890,914 6,438 - 2,490 8,928 1,899,842 (1,110,702) |
|---|---|---|
This page does not form part of the statutory financial statements
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