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$te88 are algo trustees of oth•r charltable organlsations ond well Oxperienced in the nature of the
rol8 and legal re8pon8ibilitie8. N8W truste88 will receive an induction, be mad6 aware of the role of a trustee as
laid down by the Charlty Comm1s8ion and, rf appropriate, attend appI￿rIate tralnlng and development seminars
to help them develop thelr rola.
c. Fundral8lng
Funds are raised to support the current requirements of the Cathedral. In order to do thi8, a profes$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
Indo￿ndent 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 fO￿ard
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 In￿rPOrated 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 obl￿atIon 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 bet￿On 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&st￿ted
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 aC￿rdance 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 10Th￿rd 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