Charlty number. 1156695
ST EDMUNDSBURY CATHEDRAL TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

ST EDMUNDSBURY CATHEDRAL TRUST
CONTENTS
Page
R8farence and Admlnlstratlve Detalls of the Charlty, Its Trustee8 and Advlsors
Trustees. Report
Independent Examinerfs Report
Statement of Flnanclal Actlvltles
Balance Sheot
Nolas to the Financial Statements
9-15

ST EDMUNDSBURY CATHEDRAL TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2025
Trustees
The Rev S Geileskey
J M Pendlington
The Rev J P Hawes
D J Spat1(
Charity reglstared
numb&r
1156895
Prlnclpal offica
Abbgy House
Ang&1 Hlll
Bury St Edmunds
IP33 1LS
Presidenl
The Rev J P Hawes
Accountants
MA Partn8rs LLP
Chartered Accountanis
7 The Close
Norwich
Norfolk
NR14DJ
Bankers
Lloyds Bank plc
9 Buttermarket
Bury St Edmunds
Suffolk
IP33 1 DF
Page 1

ST EDMUNDSBURY CATHEDRAL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees present their annual report together with the financlal statements of the Charity for the year 1
January 2025 to 31 December 2025.
Objectiv88 and activities
a. Pollcles and obJactlv•s
The charitable objectives as stated in the CharIt￿8 goveming document are:
(a) Ihe appllcation of funds or property to the support of such charitable purposes conneded wlth the cathedral
as the dir8clors shall, from time to tim8 in Ih8ir absolute disGretion, det8rmine; and (b) th8 application of furKls or
property to suth other charitsble purposes or such charitable bodles as the directors shall from time to time
(Jelarmine.
In setting objectlves and planning for activitles, the Trust@88 have given due (xnsideration to general guidanc8
publlshed by the Charlty Commisslon relatlng te publ[¢ benefit, Includlng the gUIdan￿ 'Public benpflt: runnlng a
charity (PB2}'.
Achlevements and performance
a. Main achi&vem6nts of the Charlty
Th8 purpos& of the Charity continu8S to be supporting the mission and ministry of The Cathedral Church of Saint
James and Saint Edrnunds ("St Edmundsbury Cathedral"). in cooperation with the Cathedral Chaplar. There has
been no change in Trustees durSng the year.
St Edmundsbury Cathedral Trust continued to rgc@iv@ fund8 from th8 Patrons scheme during 2025.
Currently, other than retalnlng the agreed reserve to meet the Trust's rninimal costs, these funds are
automatically transferred to St Edmundsbury Cathedral at the end of each month. The way forward for the Trust
wtll be dgtemiined by the Trustees when the final ￿port from Sl Edmundsbury Cathedral's Fundralslng
Consultant has been received by Chapter and Chapter has itself decided on the n8W Structure to replace the
Trust in its present form.
Financial revlow
a. Roview of the year
The stat8m8nt of financial activitias reflects operational activity tor th8 year ended 31 D8cemb8r 2025. Th6
Charity recelved donations of £218,917 {2024: £330) toward8 Its Abbey, R8born Projert which Is planned to
commence In 2026. The Charty recelved a further £5,OOQ 12024: £nll) towards tts ECO projects and £45,984
(2024: £34,364) In respact of tho Patron sch&me. The Charfty made donations lo St Edmundsbury Calhedral of
£37,358 (2024: £35,820). The Charitys n8t income for the year was £227,616 {2024: £38).
Unrestrlcted reseNes at thg year end date were £4,949 (2024,. defldt £1,175).
b. Reserve8 policy
Th8 Ch8rily transfers incom8 from Patrons and any other donations on a regular basis. It is the pollcy of th&
Charlty to maintain sufficient funds to cover management. administration and support costs, which, as at 31
December 2025, are estimated to be £5,000. Actual funds at 31 December 2025 were £4949.
Pag8 2

ST EDMUNDSBURY CATHEDRAL TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Slrudure, governance and managemant
a. Constitution
st Edmundsbury Cathedral Trust Is a Charitable Incorporated Organlsatlon, reglstered ch8rlty number 1156695,
and is constitut8d und8r a Memorandum of Asso¢lation.
b. Mothods of appolntment or electlon of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and COwOPt8d under th&
terms of the Memorandum of Assoclatlon,
c. Flnanclal rlsk management
The major rlsks to the Charity hav8 b88n idantifi8d and reviewed. Systems have been esiablished to mitigate
th&sg rlsks.
The Trustees follow good practice guidanc8 from r8cognis@d ind8p8nd8nt voluntary sector standards
organlsatlons to ensure that Its servlces are of the highest quality and to reduce risk.
d. Recruitment and training
Tnjstee candidates 8r8 selected by tho cuNent board of Trustees wlth the alm to enhance the skills and
experlence of the board as a whole. Now Truste8s are appointed with the specific needs of the Charity in mind at
the time of the vacancy, in terms of skllls, expertise, experience and knowledge of the relevant field of activity
and advice which Ihe Trust@as naed. New Trustee Induction Involves the provision of a copy of the govemlng
documents and minut88 of prior m861ing5.
Plans for future periods
The Charlty's rola will remain to support St Edmundsbury Cathedral by passing on the monthly Patrons, income
and any other donations.
Paga 3

ST EDMUNDSBURY CATHEDRAL TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
Statsment of Truste08' r8sponslbilitie8
The Trustees are responsible for preparing thè Trustees, Report and the financial slaternents in accordance with
applicablé law and Unitad Kingdom Accounting Stsndard8 (United Kingdom Genarally Accepled Accounting
Pracllce).
The law applicable to charities in England & Wales requlres the Trustees to prepare financial statements for
oach financial year which give a tru8 and fair view of th8 State of affalrs of the Charity and of Its incoming
resources and application of resources, Including its income and expenditure, for thal period. In preparing these
flnancial statements. the Truslees are requlred to:
select suitable accounting policies and then apply them consistently.,
obseNe the methods arKI principles of the Charities SORP (FRS 102),.
make judgments and a¢countlng estimates that are reasonable and prudent,
stat8 whether applitrable UK Accoullting Standards (FRS 102) have beer] follow@d, subject to any material
departures disclosed and explained In the financial statements.
prepare th6 financial 5tatem8nts on Ihe going concern basis unless it 18 inappropriate to presume that the
Charity wlll contlnue In business.
The Trustees are responslble for keeplng adequate accounting records that are SLrfFlclent to show and explaln
the CharIt￿S transactlons and dlsclose wÉth reasonable acGuracy at any time the flnanclal pc>sitlon of the Charity
and enable them to ensure that thg financial statements comply wtth tha Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Memorandum of Associatlon. They are aloJO
responsible for safeguarding the assets of the Charlty and hence for taklng reasonable steps for the preventlon
and detectlon of fraud and oth8r irregularlties.
Approved by order of th& members of the board of Trustees and signed on their behalf by..
The Rev J P Hawas
Date,. 10 March 2026
Pagg 4

ST EDMUNDSBURY CATHEDRAL TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
Independent Examlnorfs Report to the Trustees of St Edmundsbury Cathedral Trust I'the
Charlty.
I report to the charity Trustees on my exarninalion of the accounts of the Charity for the year ended 31
December 2025.
Responslbllilles and Basis of Report
As th8 Trustees of the Charlty you are responsible for the preparatlon of th8 accounts in accordance with the
requlrements of the Charllles Act 2011 (Yhe 2011 Act'}.
I report In respect of my examlnatlon of the Ch8rlly's accounts carrled out under sectlon 145 of the 2011 Act and
in carrylng out my examlnatlon I have followed the appllcable Dlrectlons glven by thg Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent Examlnerfs Statement
Since the Charlvs gross income exceeded £250,000 your examlner must be a member of a body lisled in
saction 145 of the 2011 Acl. l Gonfirm that l am qualified to undertake the examination because l am a member
of Th8 InstitLAte of charta￿d Accountants in England and Walès. which is on8 of th8 listed bodies.
Your att&ntion is drawn to tha fact that the Charity has praparad tha accounts in accordance with Accounting and
Reporting by Charities: Statement of Recomm6nded Practice applip2b16 to charities preparing thelr accounis in
accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102) in
preference to th8 Accounting and Reportlng by Charitles: Statemant of Recommended Practic8 issued on 1 April
2005 which is referred lo in the extant regulations but has been withdrawn.
l understsnd that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Pr8clice effective for reporting periods beginning on Dr after 1 January 2015,
I have completed my examinatlon. I confirm that no matters have come to my att&ntion in connection with tho
examination giving rne cause to believe that in any material respect..
accountlng records were not kept In respect of the Charlty as requlred by section 130 of the 2011 Act" or
the accounts do not accord with those records., or
the accounts do not comply ￿th th6 appllcable r6qulrements concerning the fonn and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 olher than any requirement
that the accounts give a 'true and fairf view which is not a malter considered as part of an Independent
8xaminalion.
I have no concerns and have come across m other mallers In connectlon with the examination to which
attention slK)uld be drawn In thls report In order to enable a proper understanding of thg accounts to be r8aoh8d.
Page 5

ST EDMUNDSBURY CATHEDRAL TRUST
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
This report is made solely to the Charity's Trustees, as a body, in accordance wlth Part 4 of the Charlties
{Accounts and Reports) Regulations 2008. My work has b8en undertaken so that I might state to the Chariws
Trustees those matters l am required to state to them in an Independent Examinerfs Report and for no other
purpose. To the fijllesl extent permitted by law. I do not accept or assume responsiblllty to anyone other than the
Charity and Ihe CharitWs Trustees as a body, for my work or for Ihis report.
Dated.. l O Marth 2026
Mr F M E Shlppam Bsc FCA DChA
MA Partners LLP
7 The Close
NO￿lCh
Norfolk
NR14DJ
Page 6

ST EDMUNDSBURY CATHEDRAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
Unre5trlcted
funds
2025
Restrlctod
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donatlons and legacles
Charftable actlvltie8
Other income
223,917
223,917
45,984
330
34,3S4
1,164
45,984
Total income
45,984
223,917
269,901
35.858
Expendlture on:
Charltabte actlvltles
39,860
2.425
42,285
35,820
Total expendlture
39,860
2,425
42,285
35,820
Net movement in funds
6.124
221,492
227,616
38
Reconciliation of funds:
Total funds brought fO￿ard
Net movement in funds
{1.175)
6,124
(1,175)
227,616
(1,213)
38
221,492
Total funds carrlpd forward
4,949
221,492
226,441
(1, 175)
The Statement of Financial Actlvlties includes all galns and losses recognised in the year.
The notes on pages 9 to 15 fomi part of these financial statements.
Pag8 7

ST EDMUNDSBURY CATHEDRAL TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2025
2025
2024
Note
Currenl assets
Debtors
Cash at bank and In hand
155
228,566
375
228.721
375
Current liabilities
Credltors: amounts falling duo within on&
year
10
12,280)
(1,550)
Net current assels I liabilities
226,441
(1.175)
Total net assets
226,441
(1. 175)
Charlly fund8
Restricted funds
Unrestrlcted fijnds
221,492
4,949
11
(1, 175)
Total funds
226,441
(1, g 75)
The financial statements wer8 approv8d and authorised for Issue by the Trustees and signed on their behalf by.
The Rev J P friawos
Date: 10 March 2028
The notes on pages 9 to 15 form part of these flnanclal statements.
Page 8

ST EDMUNDSBURY CATHEDRAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEWtBER 2025
Ganaral Informatlon
The Charity is a registered Charitabl8 Incorporated Organisation in England and Wal88. The registered
address and princlpal offlce Is Abbey House, Angel Hill, Bury St. Edmunds, IP33 ILS.
Accountlng pollcles
2.1 Basls of preparatlon of flnanclal statements
The financlal statements have been prepared in accordance with the Charities SORP {FRS 102) -
AccounUng and Reportlng by Charities". Staternent of Recommended Practi￿ applicable to Gharities
preparing their accounts in accordance with the Financial Reporting Standard applicabl& in thg UK
and Republic of Ireland IFRS 102) (effective 1 January 2019), the Financial R8POrting Slandard
appllcable In the UK and RepubllG of Ireland {FRS 102) and the Charities Act 2011.
The financl81 statements have been prepared to give a 'ttue and fair, view and have deparl8d from
the Charltles {Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fai¢ view. This departure has involved following th8 Charities SORP {FRS 102) publlshed In
October 2019 rather than th8 Accounting and Roporiing by Chariti8s: Slat8men( of R8comm8nded
Practice effective from 1 Aprll 2005 whlch has slnce been wlthdrawn.
St Edmundsbury Cathedral Trust m66ts the dofinition of a public b6n&fit antity undgr FRS 102.
Assets and liabilities are InEtially recognlsed at historfcal cost or transaction value unless otherwSse
stated in the relevant accounting policy.
22 Income
All income is recognised oncg the Charity has entitlement to the income. it is probabl8 that th8
income wlll be recelved and the amount of incom& receivable can be measured rellably,
Income tax recoverable in relation to donations received under Gift Aid or d8eds of cov8nant is
recognised at the time of the donation.
2.3 Expenditure
Expenditure is recognised once there Is a legal cr constructlve obllgatlon lo transfer economic benefit
to a third party, it is probabl8 that a transfer of economlc benefits will be required in geltl&ment and
the amount of lh8 obligation can be measured reliably.
Expendlture on charltable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as w&ll as any associated support ¢osts.
All 8xp8nditure is inclusive of irrecoverable VAT.
2.4 Debtors
Trade and other deblors ara recognised at the s￿tt￿ment amount after any trade discount offered.
Prepayments are valued at the amount pr6paid.
2.5 Cash at bank and In hand
Cash at bank and In hand Includes cash and short-term highly liquld Investments wlth a short malurily
of Ihroe months or less from the date of acqulsltlon or opènlng of the deposlt or slmllar account,
Page 9

ST EDMUNDSBURY CATHEDRAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountlng poll¢les (contlnued}
2.6 Llabilitles and provisions
Llabilitles are recognised when there is an obligation al the Balance Sheat date as a result of a past
event. It is probable that e transfer of economic benefit will be requlred in setllement, and the amount
of the settlement can be estlmated reliably.
Liabilities are recognis8d at the amount that Ihe Charity anlicipat88 it will pay to settle the debt or the
amount it has recaived as advanced payrnents for the goods or services It must provide.
2.7 Flnanclal Instruments
The Charity only has financial assets and financlal Ilabllltles of a l(Ind that qualify as baslo finanGlal
instruments. Basic flnanclal Instruments are initially recognlsed at transaction value and subsequenly
measured at thelr seltlement value with th8 exception of bank loans which are subsequently
m8asur8d at amortised cost using Ihe eff6clive interest method.
2.8 Fund accountlng
General funds are unrastricted funds which are avall8ble for use at the dls(xetM)n of the Trustees In
furtherance of the general objectives of the Charlty and which hava not been dasignated for other
purposes.
Restricted funds are funds whlch are to be used In accordance wlth speclfic restrlclons imFxJsed by
donors or which have been ralsed by the Charity for particular purposes. Th8 COSt8 of raising and
administering such funds are charged against the sp8crfic fund. The aim and use of each restrlcted
fund is set oul in the notes to the financial statements.
Income from donations and 1ogacie8
Unr8Strictod Restricted
funds
funds
2025
2025
Total
funds
2025
Total
ncls
2024
Donations
223,917
223,917
330
Total 2024
350
330
Page 10

ST EDMUNDSBURY CATHEDRAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Income from charitabl8 activiti83
Unrestrlcted
fvnds
2025
Total
funds
2025
Total
funds
2024
Patron Scheme
45,984
45,984
34,364
Total 2024
34,364
34,364
Other Incomlng resources
Unrestrlcted
funds
2025
Total
funds
2025
Totsl
funds
2024
Compensation Claim
1.164
Total 2024
1,164
1,164
Analysis of expenditure on charitable activities
Summary by fund typa
Unrestrl¢t8d
funds
2025
Restrlcted
funds
2025
Totsl
2025
Total
2024
Fundraising 8x￿nditUr@
Support costs
37,358
2,502
2,425
39,783
2,502
34,272
1.548
39.860
2,425
42,285
35,820
Tofal 2024
35,829
35.820
Page11

ST EDMUNDSBURYCATHEDRAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Independent examlnerfs remuneratlon
Thg indepandent examlner's remuneration amounts to an independent examiner fee of £2,280 (2024 -
£1,548).
Trustees, remuneratlon and expenses
Durlng the year, no TNstees recelved any remuneratlon or other benefits (2024- £NIL).
Durlng the year anded 31 December 2025, no Trust66 8xpenses have been incurred (2024 - £NIL).
Debtors
2025
2024
Due within one year
Other debtors
155
10. Credllors: Amounts falllng due wlthln one yoar
2025
2024
Accruals and deferred Income
2,280
1.550
Paga 12

ST EDMUNDSBURY CATHEDRAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
11. Stalemant of lunds
statoment of funds - current year
Balance at
31
Docambor
2025
Balance at 1
January
2025
Income Expenditure
Unrestricted funds
Ggneral Funds
(1,175)
45,984
(39,860)
4,949
R88tricted funds
Abbey Reborn
ECO
218,917
&ooo
(2,425)
216N92
5.000
223.917
{2.425)
221,492
Total of funds
(1,175)
269,901
(42,285)
226,441
The Abbey Rebom restrlcted funds relate to funds held lowards Ihe creation of a new Visitor Centre,
repair of the hlstorlc fabri& conserve the natural environment and improve the foDtt)ath network that links
them all together.
The ECO reslrlcted funds relate tr) funds held tr)wards EcologlLxI project works.
P8g6 13

ST EDMUNDSBURY CATHEDRAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
11. Statement of funds (continued)
Slatement of funds - prlor year
Balance at
31
December
2024
Balance ar
l January
2024
Income Expenditure
Unrestricted funds
General Fund8
(1,213)
35,858
(35,820)
(1,175)
12.
Summary of funds
Summary of funds - current year
Balance at
31
December
2025
Balanco at 1
January
2025
Income Expendllure
General funds
Restricted fijnds
(1,175)
45,984
223,917
(39,860)
(2,425)
4,949
221A92
{1,175}
269,901
(42,285)
226,441
Summary of funds- prlor year
Bal8nce at
31
December
2024
Balance at
1 Jsnuary
2024
InGon7e Expendlture
General funds
(1,213)
35,858
(35,820)
(1, 175)
Page 14

ST EDMUNDSBURY CATHEDRAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
13. Analysls of n8t assats b8twaen funds
Analysls of net assets between funds - Current year
Unreslricted Restrlcted
funds
funds
2025
2025
Total
funds
2025
Curr8nt ass&ts
7,229
12,280)
221,492
228,721
(2,280>
Cr8ditor6 due withln one year
Total
4,949
221.492
226.441
Analysls of net assets between funds - prfor year
Unrgstricted
funds
2024
Total
funds
2024
Current assets
Creditors due within one year
375
(7.550)
375
(1.550)
Total
(1, 175)
(1, 175)
14.
Related party transactions
Durlng the year the Charlty made pawnents totalling £37,358 {2024: £32.933) to The Cathedral Church of
Saint James and Saint Edmunds. Bury St Edmunds, a connected charity. At the year end date no
amount8 were owed to or due from The Cathedral Church of Saint James and Saint Edmunds, Bury St
Edmund3.
There wer8 no other related party transactlons durlng thls or the prfor year.
Page 15