Charity number: 1152990 LEICESTER CATHEDRAL CHARITABLE TRUST UNAUDITED TRU8TEE8' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
LEICESTER CATHEDRAL CHARITABLE TRUST CONTENTS Page Tru9t•es' R•port Independent Examlnorf8 R•port 8taternont of Flnanclal Actlvltlas Balanc• Sheet Notes to the Flnanclal Stat•monts 8-16 The following pages do not fom) part of the statutory financial statements.. D•la11 Incom• and Expendlturo Account and Summarle•
LEICESTER CATHEDRAL CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees Of Ihe Leicester Cathedral Charitable Trust present their annual report for the year ended 31 December 2024 and confimi they compty with the requirements of the Charitie8 Act 1993, as amended by the Charities Acl 2006 and subsequently by the Charitles Acl 2011. The financial 8tatemenls have been praparnd in accordance with the accounting policies set out in the notes to the accounts and comply with the charitys governing document, the Charities Act 2011 and the relevant version of the Statement of Recommended Practlce applicable to charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). ObJectIv and actlvltlo8 a. ObJ•ctlvM and alm8 The object of the Charitable Incorporated Organi8ation (CIO) 18, for the public beneflt, to pr¢m¢te, atd and further the objects and w¢rk of tho Church of England by 8UPPOrting Ihe work of the Chapter of the Cathedral Church of st Martln In Leicester includlng but not Ilmited to.. Tho provision of a ftting placo of intermènt for the human rem8ins of King Rlchard 111 of England and 8880ciatod r•ligiou8 faciliti68 and activiti88 and th8 repair, maintenance and renewal of all such provlslons and facillties; ond - The preB8rvation, maintenance and development of the Cathedral Church of Sl Martin in L•ic•st•r generally. b. Truste•8 Inductlon and tralnlng All current tru$te88 are algo trustees of oth•r charltable organlsations ond well Oxperienced in the nature of the rol8 and legal re8pon8ibilitie8. N8W truste88 will receive an induction, be mad6 aware of the role of a trustee as laid down by the Charlty Comm1s8ion and, rf appropriate, attend appIrIate tralnlng and development seminars to help them develop thelr rola. c. Fundral8lng Funds are raised to support the current requirements of the Cathedral. In order to do thi8, a profes$lonal fundraiser is used who complies wlth all relevant code8 of practlce. Fundraising activities on behalf of tha Cathedral are subjecl to regular review by senior managemenl and no fundraising complaints have been received. A fundraising policy 18 in place. All reasonable care is taken to ensure proteclion of the public, including vulnerable people, from unreasonably intrusive or persistent fundral$ing approaches, and undue pres$uie to donate. d. Publlc beneflt The charity trustees have compli8d with their duty to have due regard to the guidance on public benefit published by the Charlty Commlsslon In exercising their powers or dutie8. Page 1
LEICESTER CATHEDRAL CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlovem•nts and porfom)anc• a. Revlow of actlvftles The cathedral building was reopened for public worship following its refurbishment in November 2023. Throughout 2024 thè building was serviced from St Martins House as the adjoining Heritage and Learning Centre was under construction. The main entrance used was on Ihe north Side with access from Guildhall Lane LCR projecl: Constructlon of the Heritage and Leaming Cenlre was due for compl?tion in June 2024 but the delays for archaeology meant that an October date wa8 agreed. The construction phase was not finished by the end of the year. DTA archltects were engaged in an effort to accelerate completion. Project Director Simon Bentley finished at the beginning of 2025 following a handover period to COO Richard Noman. Thank8 are due to Simon who directed the project in challenging circumstances. Delivery of the NLHF Aclivity Plan began without the full HLC facilities whlch provlded particular ¢hall8ng8s. A varied and 8ucces$ful programme was delivered particularly engaging new family, younger and more diver88 audience8. . Flnancl•l rnvl•w a. Golng ¢onc•rn The Trustees ¢onsider that the Tru8t has sufficient re8eNeB to continue lo meet its charitable objectlves, b. Ro••rves poll¢y The Tru8tees con81der that an approprlata 18vel of unr8Strlct8d res&rva8 Should be sufficlent to cover any Governance Co8t8, around £4,400, The current restricted balance is above thi8 and IB thorefore con8idered sufficient, ¢. Flnanclal po•ltlon At 31 December 2024, the unreBtriGted fund had a cash balance of £6,883 and an overall balance of £0. The restricted fund had a ca8h balance of £12,755. and an overall balance of £58.578 for Lelcester Cathedral Revealed. d. Future plans The Trust will be vital in 8UPPOrting Chapter as it compleles L0ice81er Cathedral Reveal8d, wilh the objective8 of financialty supporting the completion of the final build phase of the project in 2025 and the dellvery phase running through to 2027. Structur•, gov•rnanco and management . Govemlng docum•nt Leicester Cathedral Charitable Twst is a Charitable Incorporated Qrganisation (CIO) whose only voting members are its charity trustees. It is govemed by It8 C¢nstitution dated 20 June 2013. Page 2
LEICESTER CATHEDRAL CHARITABLE TRUST TRUSTEES. REPORT (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 structure. governance and management Icontlnued) b. Oryanllatlonal structurn Th8 Charitabl8 TruBt work8 c108ely with Leicester Cathedral to achieve it8 aims and u88S the staffing resources of th8 Cathedr81 to meet these. The trustees meet annually to have oversighl of its fundralsing activities and to receive the report and accounts prepared by the Administrator. The day-to4ay operation is carried out by the Cathedral staff and senior team. in ck)88 consultalion with the Leicester Cathedral Revealed Project Board which meets monthly to over8ee the expenditure of the project; the Trustees and the Cathedral Chapler receive updales at each of their meetings, ¢. Rlsk management The maln purpose of the Trust is to raise rnoney to 8nabl8 the Chapter of Leicester Cathedral to achieve its purpose as described in the Object8 of the Trust above. The Trustees are Involved in fundrai8ing activities wilh other 8taff from the Cathedral and in thls way have direct input to the development of strategies and their implemenlation. The Trustees are acutely aware of their responsibilities with regard to the money ralsed and that it is only to be u8ed for the purp¢yJ& givon. They havo e8tablished controls to mitigate any ri8k$ in the treatment of funds. It 18 the Chapter that would comml$sl¢n any expendilure and therefore any r18k woukl fall to tham. In maklng decisions lo commil to work in th8 Cath8dral th8 Chapter would need to be mindful of the need to ensure that funds exist either from the Charitable Trust or other 8ource8. d. Safeguardlng The Tru8t operates withln Iho Safaguarding Policy and Praceduras of Lelce8ter Cathedral whlch is constructed using the Church of England National Safeguarding Policy arKI Procedures adapted to thi8 local cathedral context. Rofor•n¢• and admln18tratlve detalls of th• Charlty, Its tru•tM8 and advl80rn Trust••• Tha Very Reverend Karen Room8. Dean of Leicester Mr Jonathan Kerry, Chlef Executive and Diocesan Secretary for the Dlocese of Leicester Mrs Sara Burge88 Charlty roglstered number 1152990 Prlnclpal addross Cathedral Office St Martin'8 House 7 Peacock Lane Leicester LE15PX Independent Examlnor Haysmac LLP 10 Queen Str88t Plac8 London EC4R 1AG Bankorn 8arclays 8ank plc Humberst¢ne Gate L8ice8ter LE11WA Page 3
LEICESTER CATHEDRAL CHARITABLE TRUST TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER2024 Solicitorn Revd T Kirkman MA (Cantab) Latham and Co Solicitors Chamwood House, 2 Forest Road Loughborough LE113NP Flnan¢¢ hlanagor Trevor Peel Chief Financial Officer- Leicester Cathedral Admlnlstrator Richard Norman Chief Operating Officer - Leicester Cathedral Stalam•nt of Trust•o8' regponglbllltleg The Tiu$tees are r6spon$ible for preparing the Truslees, Report and the financial statements in accordance with applicabla law and Unilad Kingdom Accounting Standard8 (United Kingdom Generalty Accepted Accounting Practice). The law applicab18 to charities in England & Wales requir88 the Trustee8 to prepare Ilnancial statemenls for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming r68ources and applicatlon of resources, including ts income and expendlture, lor that period. In preparing these financial Statements. the Tru8tee8 are requlred to: 88lect 8ullable accounting policie8 and than apply them con81stently, obseNe the methods and prln¢iples ¢f the Charities SORP (FRS 102)., make judgement8 and accounting estimates that are reasonable and prudent; State whether applicable UK Accounting Standards (FRS 102) have been followed, sublect to any material departures disclosed and explained in the finan¢lal statements, prepare the financial 8tatements on the going concom ba818 unless it 18 inappropriate to presume that the Charity will continue In business. The Trustee8 are responsible for keeping adequate accounting records that are 3uffi¢i¢nt to sh¢)w and explain the Charitys transactions and disclose with rea80nable accuracy at any lime the financial position of the Charty and enable them to ensure that the financial 8tatements comply with the Charities Act 2011, the Charity (A¢¢ounts and Reports) Regulatlons 2008 and the provls6ons of the Constilution. They are al80 re8ponsib18 for safeguarding the assets of the Charty and hence for taking rea80nable 8tep8 for the prevention and detectlon of fraud and other irregularities. Approved by order Of the members of the board of Trustees on 28 October 2025 and signed on their behalf by.. Th• Very Rev•rnnd Karnn Rooms Trustee Page 4
LEICESTER CATHEORAL CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Indondent Examln•rfs Roport to th• TYu8t•o8 of L•lce8ter Cathedral Charltablo Trust Ilha Charfty,) I report to th8 charty Trustees on my 8xamination of Ihe accounts of the Charity for the year ended 31 December 2024. RMponslblllt108 and Bas18 of Report AS the Truste of the Charity you are responsible for the preparation of the accounts In accordance with the requirem8nt8 of the Charities Act 2011 (Ihe 2011 Act,). I report in respect of my examination of the Charityls accounts carri8d out under section 145 of the 2011 Act and in carrying out my examin8tion I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Indep•ndent Eximln•rf• Stat•m•nt Your attention 18 drawn to the fact that the Charity has prepared the accounls in acc¢xdance with Accounting and Reporting by Charities.. Statement of Re¢¢mmended Practice applicable to charltles preparing their accounts in accordance with the Financial Reporting Standard applicable In Ihe UK and R8public of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities,. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with Iha Ganerally Accapted Accounling Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi Ihat no matter$ have come to my attention in connectlon with the axamination glvlng me cause to believe that In any material respeGt'. accountlng records were not kept In respect of the Charty a8 required by ¥11¢n 130 of the 2011 Act,, or the accounts do not accord with those records; or the account8 da not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Aexounts and Reports) Regulations 2008 other than any requirement thal the accounts glve a Irue and fairf view which is nol a matter considered as part of an independent examination. I have no concema and have come across no other matter8 in connection with the examination to which attention should be drawn In th1$ report in order to enable a proper understanding of tho account8 to be reached. Signed., Adam Halsey FCA Haysmac LLP 10 Queen Street Place London EC4R 1AG Dated.. 31 October 2025 Page 5
LEICESTER CATHEDRAL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlctsd funds 2024 Restrfctod funds 2024 Total funds 2024 Total fvnds 2023 Note Income from: Donations and18gacie8 Investment income 1,400 85,228 33,758 86,628 33,768 622.693 82,979 Total Income 1,400 118,986 120,386 705,672 Expendlturn on: Charllable adiviti98 3.668 1,596,102 1.699,780 2,216,926 Total axpondltur• 3,668 1,596,102 1,699,760 2,216.926 Not •xp•ndltur• <2,258) 11,477,116) 11,479,374) (1.511.254) N•t movom•nt In funds (2,258) 11,477,116) 11,479,3741 (1,511,254) R•conclllallon of fund•: Total funds brought fOard Net movement In fvnds 2,258 1.634.979 1,637.237 3.048.491 (2,268) 11,477,116) 11,479.3741 (1,511,254) Total funds Garrled foMard 67,863 67,863 q.537.237 Tha Statement of Fin8n¢ial Activlti88 Includ•8 all galns and1088e6 recognlsed In Ihe year. The note8 on page8 8 to 16 fom part ol these financial ststemenls. Page 6
LEICESTER CATHEDRAL CHARITA8LE TRUST BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Currnnt a880ts Debtors Cash at bank and in hand 10 45,823 19,638 45, 793 1,496,487 66,461 1,542,28Q Creditors: amount8 falling due within one year 11 17,698) (5.043) Net current asset• 67,863 1.537.237 Total net assets 67,863 1,537,237 Charlty fundg Restricted fund$ Unrestricted funds 12 12 S7,863 1,534,979 2,258 Total funds 67,863 1,537,237 The financial 8tatement8 were approved and authorlsed for Issue by the Trustees on 28 October 2025 and signed on Ihoir behall by.. Th• V•ry R•v•r•nd Kar•n Rooms Trustee The notes on page8 8 to 16 form part of these financial stslements. Page 7
LEICESTER CATHEORAL CHARITABLE TRUST NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Genoral Informatlon Leicester Cathedral Charitable Trust is a Charitable InrPOrated Organisation (CIO) registered in England and Wales. wh08e only voting members are its trustees. The charitls re9lStered number is 1152990. The principal address of the charity is St Martins House, 7 Peacock Lane, Leice8ter, LE15PZ. The financial statements are pr8sent8d In sterling which is the functional currency of the charity and rounded to the nearest £. Th• si9nificanl accounting policies applied In the preparation of these financial 8talement8 are Set oul below. These policies have been consistently applied to all year8 presented unless othepwiBe stated. The financial statements cover the Individual entlty. The entty con8titute8 a publlc benefil entty as d•finad by FRS 102. Accountlng pollcl•8 2.1 Ba•1• of pr•paratlon of Ilnanclal gtatomonts The financial slatements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charitles.. Statement of Recommended Practice applicable to Charities preparing their account8 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Starmlard applicable In the UK and Republic of Ireland (FRS 102) and the Charltles Acl 2011. The financial 8tatement8 have been prepared to glve a 'true and falf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following the Charities SORP (FRS 102) published in Oct¢b8r 2019 rather than the Accounling and Reporting by Charities: Statement of Recommended Practice effectiv8 from 1 April 2005 which has slnce been withdrawn. Leicester Cathedral Charilable Trust meets the deflnlllon of a publlc benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaclion value unle88 Othewise slated in the relevant accounting policy. Page 8
LEICESTER CATHEDRAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollclos (contlnued) 2.2 Income Income is recognised when the Trust has entitlemenl 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. Incorne from the government and other grants, wheth¢r '¢apital' grants or 'rw4enue' grants IB r¢cognlsed when the charity has entitlement to the funds, any perfomance conditions attached to the item(8) of income have been met, it is probable that the income wlll be received and the amounl Can be measured reliably and is not deferred. For legacies, entitlement 18 taken a8 the earller of the date on which either. - The Trust is aware thal probate has been granted, the 8State has been finali6ed and nolificatlon has been made by the executrJr(s) to the Trust that a distribution will be made, - or when a di8trlbution18 recelved from the estate. Receipt of a legacy in whole or in part, 18 only considered probable when the amount can be measured rellably, and the Trust has en notified of the executor's intention to make a distribution. Where legacie8 have been notified t¢ the Trust, or the Trust 18 aware of the grantin9 of probate, and the criteria for income recognltlon have not been met, than the legacy is treated a8 a ¢ontlngent asset and disclosed if maleri81. Grants rncaived have been u8ed to cover expenditure as r8quired by the conditions ol the grant. 2.3 Inter•Jt r•¢•lvablo Interest on funds held on deposit Is Included when receivable and the amount can be measured reliably by the Charity., this is normally upon notification of the interest paid or payable by the institulion with whom the funds are deposited. 2.4 Expondltur• Liabilities are Rcognlsed as expenditure aB Soon as there is a legal or constructlV8 obligation committing the charrty to that expendilure. it Is probable that a transfer of economic benefits will be required in seltlement and the amount of the oblatIon can be measured reliably. Expendilure 1$ accounted for on an accruals b8$1$ and has been classified under headings that aggregate all cost related to Ihe category. Where costs cannot b8 directly attrlbuted to particular headlngs they have been allocated to activiti88 on a b8Si8 conslstent wlth the use of reBource8. Expenses ar• accounted for inclusive (where applicable) of any VAT which cannot be recovered. 2.6 Taxatlon The charity is oxempt from tax on its charitable activitles. 2.6 Debtors and credltors recelvablelpayablo wlthln on• year Debtors and credltors with no stated intewt rate and CeIvable or payable 1th1n one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 2.7 Cuh at bank and In hand Cash at bank and in hand includes cash and Short-temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or Similar account. Page 9
LEICESTER CATHEDRAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poll¢le8 (contlnuod) 2.8 Flnanclal Instrumonts The Charity only has financial assets and financial liablllties of a kind that qualify as bas1¢ financial Instruments. Basic financial instruments are Initlally re¢ognised at Iransaction value and subsequentty measured at their settlement value with the exception of bank loans which are subsequent rneasured at amorti8ed cost uslng the effective interest method, 2.9 Fund accountlng General fund8 are unrestricted funds whi¢h are available for use at the discr8tion of th• Tru8tee8 In furtherance of the general objectives of the Charity and whlch have not been designated for othgr purposes. Deswnated fund8 compri8e unrestricted funds that have been set aside by the Trustees for particular purposes, The alm and use of each designated fund Is sel out in Ihe notes to the financial statements. Restricted funds are funds whlch are to be used in accordance with specific restrictions imposed by donors or whlch have been raised by the Charity for particular purposes, The costs of raising and administering such funds are charged again8t the specific fund. The aim and u8¢ of each restricted fund is sot out in the note$ to the financial statements. Incom• from donatlons and lagacles Vnfa•trlcted Restrlcted fund• fund• 2024 2024 Total funds 2024 Tot funds 2023 Oonatlons Grants Gift aid 1,400 200 84,998 30 1,600 84,998 30 43.218 576,000 3,475 Totsl 2024 1,400 85,228 86,628 622.693 Total 2023 18 622,675 622, 693 Investment Income Restrlcted fund8 2024 Total funds 2024 Total funds 2023 Deposit accounl intsrest 33,758 33,758 82.979 Page 10
LEICESTER CATHEDRAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analys18 of exp•ndlture on Charrtab actlvltlos Summary by fund typo Unrgstrfctod Regtrlcted fund8 lunds 2024 2024 Total 2024 Total 2023 Charitable giving 3,658 1,596,102 1,699,780 2,216,926 Total 2023 4,890 2,212,036 2.216,926 Anaty81• of oxp•ndllure by a¢tlvltles Support cost• 2024 Total funds 2024 Tot81 funds 2023 DlrKt costs 2024 Charitable giving 1,595,360 4,400 1,699,760 2,216,926 Total 2023 2,212,036 4,890 2,216,926 8upport costs 2024 2023 Governance costs 4,400 4,890 4,400 4.890 Independent examlnorfs fees 2024 2023 Independenl examinerfs remuneration 2,400 2,400 2,400 2.400 Page11
LEICESTER CATHEDRAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Tru8ts08' remunoratlon and gxpenses During the year, no Trustees received any remuneralion or other benefrts {2023- £NILJ. During the year ended 31 December 2024, no Trustee expenses have been incurred {2023- £NIL). Employees Excluding trustees, there were no employees for the charlty during the current or prior year. As the charity doe8 not employ Staff there were no staff or key management remuneration costs. 10. Debtorn 2024 2023 Du• wlthln one yur other debtors 46,823 45, 793 46,823 45, 793 11. Cr8dltorn: Amount• falllng due wlthln ono yoar 2024 2023 Amounts owed to group undertakings Accruals 108 7,490 153 4,890 7.598 5. 043 Page 12
LEICESTER CATHEDRAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Statement of funds Statement of funds - current yoar Balan at 31 Dec•mb•r 2024 8alanGe at 1 January 2024 In¢oma Exp•ndltur8 UnrMtrlcted fund• General Funds- all funds 2,258 1,400 (3,668) Restrlcted funds Revealed Chapel of Chrlst the King 1,630.979 4,000 118,986 (1,692,102) (4,0001 67,883 1,534,979 118,986 (1,696.102) 67,863 Total of funds 1,637,237 120,386 (1,699,760) 57,863 Page13
LEICESTER CATHEDRAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Statement of funds (Gontlnuod) Stat¢ment of fundg - prlor year Balance at 31 December 2023 Balance at l January 2023 Incomg Expanditure Unre•trlcted fundg General Funds 7. 130 18 (4,890) 2.258 Re•trlct•d fund• Revealed Chapel of Christ the King 3,037,361 705.654 (2,212.036) 1,530,9T9 3,041,361 704654 (2,212,036) 1,534,979 Total of funds 3, 048, 491 705, 672 (2.216, 926) 1,537,237 13. Summary of fund* Summary ol funds. curr•nt y•ar Balanu at 31 Decembor 2024 Balanc• at 1 January 2024 Incom• Expondltur• General funds Restricted lunds 2.268 1.534,979 13,668) 118,986 11,696,102) 57,863 1.537,237 120.386 11,699,760) 57,863 Page 14
LEICESTER CATHEDRAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 13. Summary of funds (contlnued) Summary of funds - prlor yoar Balance at 31 December 2023 B81anc8 81 l January 2023 InGom8 Exp8ndilure General funds Restricted funds 7, 130 3,041,361 18 (4,890) 70&654 (2, 212,036) 2, 258 I,4,919 3.048.491 705.672 (2. 216, 926J 1,537,237 14. Analy818 of net a•sets tween fund• Analy81s of net a•••ts betOn funds - current porlod Unrnstrlcted Restrfctod fund• lund• 2024 2024 Total fund• 2024 Currenl assets Creditors due wlthln oné year 6.883 (6,883) 58,578 (715) 66,461 17.598) Total 57.863 67,863 Analysh of net assets between funds . prlor prlod Unr&stted fvnds 2023 Restiict8d funds 2023 Toe81 funds 2023 Currént a3S&t8 Creditors du8 wlthln on8 year 7,301 (5, 043) 1, 534,979 1.542.280 (5.043) Total 2, 258 1, 534.979 1.537.237 Pag8 15
LEICESTER CATHEDRAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Related party tran•actlon8 Durlng the year ended Ihe Trust made Grants of £1,599,760 (2023 - £2,216,926) to Leice8ter Cathedral in order to enable it to make payments in relation to work on reordering the Cathedral. At the end of the year th8 Trust owed Leicester Cathedral £108 (2023 - the Trust owed Leicester Cathedral £153). The Charitable Trust 18 Vital in 8UPPOrting the work of the Cathedral Chapter and particularfy In relalion to the Lelcester Cathedral Revealed Project. The tru8le88 of Ihe Charitsble Trust are nominated by Leicester Cathedral. The results of the Leicester Cathedral Charltable Trujt have, therefore, been included in the consolidated results of Leicester Cathedral. 18. Controlllng party The charity 18 ntrOlled by it8 ultimate parent, The Cathedral Church of St Martin Leiuister (Charity Number 1205102) trading a8 Leicester Cathedral. Copies of the con601idated accounts can be obtained from the Cathedral office: St Martin'$ House. 7 Peacock Lane, Leicester, LE1 SPZ. The object of the ultimate parent 18 being a centre of worship and mission for Ihe advoncement of the Chri8tian religion in aCrdance with the precepts of the Church of England. The Cathedral work8 towardB th888 aim8 With the services and event8 they hold al the Cathedral and in the wider community. The parent can exercise Gontrol via its common tNBtees. Page 16
LEICESTER CATHEDRAL CHARITABLE TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2024 2023 2023 Incom• Donations Gift aid Grants Deposit account interest 43.218 3.475 576.000 82,979 30 84,998 33,758 Total Income Charltable actlvltle8 120,386 705, 672 Charitable giving 1,595.360 2,212,036 Support costs Gov•man¢• costs 1.595,360 2,212,036 Independent examiners, remunoration Accountancy and legal lee8 2,400 2,000 2,400 2.490 4AOO 4,890 Total •xp•ndllur• 1.599.760 2.216,926 N•t •xp•ndltur• for th• r•portlng p•rlod 11,479,374) (1,511.2541 Doflclt for the reportlng perfod Surplu$ brought for6Yard at 1 January 2024 (1,479,374> 1,637,237 (1,5q1,254) 3,048,491 Surplus ¢arrled 10Thrd at 31 D•¢ombor 2024 67.863 1,537,237 The notes on pages 8 to 16 form part of th88e financial Statements. Page 17