Registered Charity Number: 1175597 LINCOLN CATHEDRAL LEARNING. ARTS, CULTURE & EVENTS CIO Annual Reports and Financial Statements Fortheyear Ended 31 March 2025
LINCOLN CATHEDRAL LEARNING, ARTS. CULTURE & EVENTS CIO ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Trustees The following Trustees were in post during the year and up to the date of this report: The Dean The Very Reverend Canon Drsimon Jones18ppointed 14 September 20241 The Reverend Canon Dr Nicholas Brown Iresigned 1"September 20251 The Reverend Canon Rowena King The Precentor The Canon Missioner No Trustee had any beneficial interest in the compgny during 2025. Principal Address 4 Priorygate Lincoln LN21PL Independent Examiner Nicola O'sullivan ACA DChA BHP LLP Onewaterside Pl8¢e Basin Square Brimington Road Chesterfield S417FH Bankers Natwest Smiths Branch 225 High Street Lincoln LN2 1A2
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE & EVENTS CIO ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report and the financial statements of the Charity tor the ye8r ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" in preparing the annual report and financlal statements ofthe charity. Structure, Governance and Management Lincoln Cethedral Learning. Arts, Culture and Events CIO (Lincoln Cathedral CIOI Is a charitable incorporated organisation registereii with the Charity Commission and governed by its CIO Found8tion Constitution dated 7 November 2017 and amenéed on 3 S8ptember2024. The body of Trustees shall consist of the residentiary canons of Lin¢oln Cathedral. The Trustees are responsible for the day-to-day management of the Charity. Trustees must number a minimum of two and a maxirnum of six. Every matter is determined by a majority of votes of the Trustees present at the meeting. Trustees are appointed by resolution at a properly convened meeting wlth no less than 21 days. notice being given to the current Trustees, with the exception of the flrst charity trustees as prescribed in the CIO Constitution. In selectlng individuals for appointment as charity trustees due regard is given to the skills, knowledge and experience need for the effective administration of the CIO. The Chapter of Lincoln Cathedral has the right to veto wtthout cause the appointment of 8ny trustee. The charity trustees will make av8i18ble to each new charity trustee. on or before their first 8ppointment'. al A copy of the current version of its constitution. and bl A copy of the CIO'S latest Trustees, Annual Report and Statement of Accounts Objectives To advance the Christian religion, through the support of the Chapter of Lincoln Cathedral, in particular but not exclusively by: The preseNation and mAintenance of the cathedral fabric and its precinct The furtheranc6 of its education and outreach activities forthe benefit of the public To advance such other exclusively charitable purposes supported by th8 Chapter of Lincoln Cathedral through the provision of grants. services and support. Publi¢ Benefit Statement Thetrustees have had due regard to the Charity Commission Guidance on public benefitwhen setting their aims and objectives. Strategies Activities are planned to meet strategic aims and have included the holding ot arts an(J cultural events. lectures and fundraising events throughout the period and engaging with a wide and diverse audience.
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE & EVENTS CIO ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Rlskmanagement The Trustees monitorthe major risks towhich the CIO is exposed and keeps under reviewthe adequacy of sy8tems, which they believe, are adequate and appropriate to the size of the charity and the nature of its operations. Particularly around financial controls. the accounts are scrutinised by the Lincoln Cathedral Chapter Finance Committee and bytheSeniDr L88dership Team ofthe Cathedral. Investment Pollcy The Investment Policy of thè Trustees seeks to produce the best financial return within an 8cceptable level of risk. The investment objective for short term reserves is to preseNe c8Pital value with minimal levels of risk, ensurlng high liquidity of assets in order to meet Short term cash flow needs. The CIO purposes are such that there are no planned long-temi reserves. Achlevements and Performance The financial period delivered a full programme of events, many performed by Lincoln Cothedral's own talented musicians and choir. Our annual favourites, such as The Snowman. a cinematic experience with live orchestra. and Messiah concerts. remain well received and emphasise the Cathedral's well- earned reputation foi excellence in music. In May 2024 the Royal Air Force College band pertormed to celebrate the 201n anniversery of the Royal Air Force Charitable Tiust for a special concert where they performed a varied music81 programme with music f rom throughout the years including classic well-known tunes in the awe-inspiring setting of Lincoln Cathedral. Our Largest event for the year was a sound and light projection show by Luxmurialls, called 'Time'. The show followed on Irom the success ot 'Science' Last year. The insrallation. designed by Peter Walker. transformed the cathedr81 into a fully immersive artwork which took us a journey through time. traversing wormholes. venturing inside the intricate workings of clocks. and experiencing a dramatic narratNe that spanned fromthe present dayto the very beginning ofeverything. Lincoln Cath8dral hosted the T8ble for the Nation. The 13-metre-long table is made from a 5.000-year- old. fossilised Fenland Black Oak excevated from a Norfolk field 8nd seats up to 48 people. During the year fundraising dinners and displays have all taken place 011 the table and this hBS added to the attraction of the Cathedral. Over the summer of the Cathedral hosted Peter Walkers Peace Doves inst8118tion. Around 12,000 people shared messages of peace, love and hope. One person's prayer may feel sm811, but as they came together in a flock of doves soaring above the nave of the Cathedral, there was a tangible presence of a deep movement towards peace. The installation was accomp8nied by music composed by David Harper. adding to the unique atmospheie found in our N8ve. None of the above events would be possible without the effort and dedicatlon of the meny volunteers and staff who help to deliver events in the c8thedral. We would like to take this opportunity to thank all of the Cathedral volunteers and staff for their support in putting on these events which reach so many lives and help in supporting the life and fabric of the building. Provlslon of Resources The Cathedral Church of Blessed Virgin Mary of Lincoln (hereafter referred to as Lincoln Cathedral) has 8greed to provide administrative support to the Trustees at no ch8rg8.
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE & EVENTS CIO ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Flnan¢iaE Review Total income during the year amounted to £233,441 12024: £260.544) and generated a 5uiplu$ of £49,66712024'. £101.062) before distributions to Lincoln Cathedral. Our four largest events. which were the Luxmurialis time show, the Jazz Festival, The Snowman and the Messiah concert raised £158,591 combined. Durlng the perlod, £48.501 {2024'. £266,453) has been released to Lincoln Cathedral in support of its mission. Of this. £33.48812024: £11.5501 was raised, and released. specillcally for the upkeep and conseNation of the building itself I'fabric'l. The remaining reseNes will be rele8sed to fund the works of Lincoln Cathedral In Ilne with the reseNe8 policy in due course. Reserv8s pollcy The minimum level of free reserves required Is qu8ntified in line with the working capital 8nd operating Cash flow requirements and monitored by the production of annual cash flow forecasts. ReseNes should be applied to charitable purposes as soon as practicable and in line with these ranges. An acceptable range of free reseNes. beyond this requirement. Is 3-6 months of fixed operational costs less any'reasonably certaln, income. As at 31 March 2025 the funds comprise of £49,66712024: £48.5011. which is considered SLrfficient to fund cash flow for future planned activities to Spring 2027. Of the reseNes held £15,013 12024: £15.0131 are considered to be the charity's f ree reserves. Operating costs for six months are estimated, in line wlth the minimum reserves policy. at approximately £6,500. Cash flow requirements for the remaining 202512026 events progiamme will be caref ully considered before distributing further funds to support Lincoln Cathedral. Plans for future perlods P18nned activities for the future continue to include th8 full progr8mme of cultural, education818nd fundiaising events. such as ticketed musical perform8nce events and f undraising dlnners. 2025 will see the return of the ev8r-popular Snowman concert series alongslde development ol other annual staples such as Halle. Messiah and St John Passion in 2026. The RAF concert returns in 2025 wlth development 81ready ongoing for a John Willlams themed performance in 2026. There are plans underway foi a new Wa118ce & Gromit concert for August 2025 which should be very popular off the back of the latest cinema release. The Jazz FestlV81 returns and is set to play host to the trial of a new pop-up event SP8ce on Lower Dean's Green featuring a bar and other concessions. The Springisummer of 2025 will see a significant development phase for internal events. starting with research and development with a view to introduce nèw annual events towards the end of 2025 and into 2026. Trustees, Re8ponslbllltle$ The Trustees are responsible for prepgrinE the Trustees. Report and the financi81 statements Iri accordgnce with applicable law and United Kingdom Accounting stant1ards (United Kingdom Generglly Accepted Accounting Practice). The law applicable to charities In Eng18nd and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity
LINCOLN CATHEDRAL LEARNING. ARTS, CULTURE & EVENTS CIO ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 and of its incoming resources and appllcatlon of resources of the Charity for th8t period. In pr8paring these financial statements, the Trustees are reoulred to: select suitable accounting policies then 8pply them conslstently- obseNe the methods and principles in the Charities SORP 2019 IFRS 102) makejudgements and estimatesthat are reasonable and prudenr. state whether applicable UK Accounting standards have been followed. Subject to any material depanures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless It Is inappropriate to presume that the charity will continue in operation. The Trustees arè responsible for keeping proper accounting records that disclose with reasonable accuracy at 8ny time the financi81 position of th8 Charity and enable them to ensure that the financial statements comply with Charities Act 2011. the Charities (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregulaTltie$. Approved on beh811 of the Trustees on 3 October 2025 The Very Dean erend Drsimon Jones
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF LINCOLN CATHEDRAL LEARNING. ARTS, CULTURE & EVENTS CIO I reportto the charityTrustees on my examination ofthe accounts of Lincolncathedral Music Fund for the year en(Jed 31 March 2025which are set out on pages 7t0 14. RESPONSIBILITIESAND BASIS OF REPORT As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Ch8rities Act 20111'the Act'l- I report in respect of my examination of the charity's accounts as carrled out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. INDEPENDENT EXAMINER'S STATEMENT Since the charity's gross income exceeded £250.000 your exgminermust be a memberofa body listed in section 145 of the Act. I confirm that l am qualified to undertake the examlnation because l am 8 member ofthe ICAEWwhich is one otthe listed bodies. I have completed my examination. I confirm that no matters hÈve come to my attention in connection with the ex8mination giving me cause to believe that in any material respect: accounting recordswere not kept in respect ofthe charity as required by section 130ofthe Act. or the accounts do notaccord withlhose records. OT the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the ChBrities (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 aeross no other matters in connection with the examination to which attention should be drawn in thi8 report in order lo enable a proper understanding of the accounts to be reached. Signer ID." CULLXCAPAB.. Nicola O'sullivan ACA DChA BHP LLP One Waterside Place Basin Square Brlmington Road Chest8rfi8ld S417FH Date: 0911012025 GMT
LINCOLN CATHEDRAL LEARNING, ARTS. CULTURE AND EVENTS CIO STATEMENTOF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 Vnrastrlcted R•$trl¢ted Endovfflient Fund¥ Funds Fund$ Total Funds 202S Total Funds 2024 Note Income from: Donalions Leg8cies Grants Trading activilie8 99.991 109,181 6,049 18.220 106,040 127.401 98,336 162.208 Total income 209.172 24.269 233,441 260.544 Exp*nditurv& on: Raising funds Charitatsle activities 113,211 65,544 113.211 119,064 98.170 327,765 53,520 Total expenditure 178,755 53.520 232.275 425.935 Net Incomellexpendlturel 30.417 129,2511 1.166 1165,3911 Other re¢ognised gainslllossesl- Net gainslllossesl Net movement In funds 30.417 129,2511 1,166 1165,3911 Totalfund$ broughtforward 15.013 33,488 48,501 213,892 Totaltunds carrled forward 45,430 4.237 49.667 48.501 All income and expenditure is derived from continuing activities. The statement of financial activities includes all gains 8nd losses recognl8ed in the year.
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO BALANCE SHEET YEAR ENDED 31 MARCH 2025 2025 2024 Note Currgnt a$$ots Debtors Money Due fromthe group Cash on deposit Cash at bankand in h8nd 3.821 1,S20 35.000 64,833 1,473 77.355 105,174 78,828 Creditors". amounts falling duewlthln oneyear Creditors Accruals & Deferred Income Money owed to the group 139,6241 19.8581 16,0251 130.327) Net¢urrenta888t8 155,507) 48.501 Net assets 49.667 48.501 Funds Unrestricted funds Restricted funds 45.430 4.237 15,013 33,488 Totalfunds 49,667 48,501 The financial statements were approved bythe Trustees and authorised for issue on the 3 October 2025 and signed on behalf ofthe Trustees by: The Very Reverend Dr Simon Jones Dean
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 A¢Gounting pollcles Entity stalus The entity is a charitable incorpor8ted charfty registered with the Charity Commission in England and Wales. Ib) Ba818 Otaccounting The financial statements have been prepared in accord8nce with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191- Icharities SORP IFRS 10211 and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The charity is a Public Benefit Entityas defined by FRS102. The financial statement8 have been prepared to wve a 'true and fair, view and have departed from the Ch8rities IAc¢ounts and Reports) Regulations 2008 only to the extent required to provide a Irue and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice eftective from 1 April 2005 which has slnce been withdrawn. Assets and liabilities are initially recognised 8t historic81 cost ortr8ns8Ction value unless otheNise stated in the relevant accounting policy notes. Fair value movements are dealt with through the Statement of Financial Activities. The financial statements 8re presented In sterling which is th8 functional currency of the charity and rounded to the nearest £1. Golng concern The trustees have assessed whether the use of the going concern b88is is appropriate and have considered posslble events or conditions that might cast significant doubt on the ability of the charty to continue as a going concem. The trustees have made this assessment for a period of at le85t on8 year from the date ot approval of the financial statements. In view of the level of assets held ané the cherity's full discretion in r8spect to charitable giving, the trustees have concluded that there is 8 reasonable expectation that the charity has adequate r8sources to continue in operation81 existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statèments. Id) Incomo All incoming resources 8re included gross in the Statement of Financial Activities when recelvable. This is deemed to be when entitlement has passed to the charitable entity. it is probable that economic benefits associated with the transaction will flow to the charitable entity and the amount can be reliably measured. The following specific polices apply: Legacieg Bre included when prob8te has been granted. it becomes probable that the legacy will be received and that the value of the legacy can be measured reliably. Donations, gift aid. covenants. grants are recognised when there is evidence of entitlement, receipt is probable. and the amount can be reliably measured. Income from donated goods is measured at fair value unless it is impractical to measurè to reliably. in which case the value is derNed from rhe cost to the donor or the estimated resale v8lue. No amounts are included for general contribution of volunteertime. Expenditure Expenditure is included in the Statement of Financial ActNlties as soon as a liability is incurred. Expenditure includ8s any VAT that cannot be recovered and is classified under the headings of the statement to which 18 re18tes.
LINCOLN CATHEDRAL LEARNING. ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Accounting pollcle8- continued (n Taxation The charity is considered to P8SS the tests set out in Sch. 6. para. 1 of the Finance Act 2010 and therefore it meets the definition of a charity for UK income tax purposes. Accordingly. the charity is potenlially exempt from taxation in respect of income OT capital gains received within categories covered by Income TaxA¢t 2007, Part 10 $521- s537 or s. 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or g8ins are applied exclusivelyto charitable purposes. Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are v81ued at the amount prepaid. Cash at bank8nd In hand Cash 8t bank and in h8nd Includes cash and short-time highly liqui(J investments. Credltors Creditor5 are recognised when there is an obliBation at the balanee sheet date as 8 result of 8 past event. It Is probable that a transfer ol economic benef it will be required in settlement. and the amount ofthe settlementcan be estimated reliably. ti) Fund accounting Unrestricted funds are those given to further the charity's purposes. applied at the discrelion of the trustees. Restricted funds are subject to restrictions placed by the donor for specific projecls or aciivitles. Flnanclal Instruments A f inancial asset or 8 financial liability is recognised only when the charitable entity becomes a party to the contractual provisions of the instruments. Basic financial instruments are initially recognised at the amount receNable or p8yable including any transaction costs. Critical accountlnq estimates and areas around Judgement The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by def inition, seldom equal the re18ted actual results. There are no estirnates and assumptions that have 8 significant risk of causing a material adjustment to the carrying amount of asset5 and li8bilities within the next financialyear. io
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026 2. Events 2025 N81 Contribution 2024 Net Contribution Incomlng Outgoing RalslngFund8 Byrd 400 Festival FIow8r Festival Harvest Supper Luxmurialis Membership Experiences Other fundraising RAF Concert 6.511 1,101 18.943 23.205 1.376 2.316 10.586 64.038 18.220 62,228 1.078 32,060 13,815 127,401 115.0591 141.3231 1441 147.1681 19.6171 1113,2111 3.161 20.905 1.034 115.1081 4,198 14.190 Charitable Actlvlties Non-secular musical events Organ recital concerts Lecture Series The Snowman Other costs 44,225 6.049 3.625 52,141 133.4571 14,9731 11,0961 127.5001 13.5371 170.5631 10.768 1.076 2.529 24.641 13.5371 35.477 14,908 3,499 975 21.016 106.040 40.398 233.441 (183.774) 49.667 104.436 Unrestricted Restricted 209,172 24,269 233.441 1163.7421 120.0321 {183,7741 45.430 4,237 49,667 36,899 67.537 104,436 3. Expendlture 2025 Total Funds 2024 Total Funds Raislng Charitable Funds Activities Event expenditure INote 21 Other charhable glvlng Support costs Governance- Independent Ex8mlner'$ Fees 113.211 67,026 48.501 787 180.237 48.501 787 156,108 266,453 448 2.750 2.750 2.926 113.211 119.064 232,275 425,935 Charged to Unrestricted Funds Charged to Restricted Funds 113.211 65.544 53.520 119.064 178,755 53.520 232,275 118,385 307,550 425.935 113.211
LINCOLN CATHEDRAL LEARNING. ARTS, CULTURE EVENTS CIO NOTES TOTHE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 No employee earned more than £60.000 perannum. There are no salary costs for the year12024: £Nil>. No renumeration or expenses have been paid to any ofthe charity's trustees12024: £Nil). See Note 8 for Prioryear comparatives. 4. Debtors 2025 2024 Trade debtors Prepayfflents Accrued income 856 2.965 1.473 5.341 1.473 S. Credltors 2025 2024 Trade creditors Accruals Deferred income Other creditors Due to Lincoln Cathedral Due to Lincoln Minister Shops Ltd 39.306 2,610 7.248 317 6,026 5.018 14,183 7,341 317 3,215 253 30,327 55,507 6. Movement on funds Balance at 31 March 2025 Balan¢e at 1 Aprll2024 Income Expenditure Galn81(1088esl Unrestricted Funds General Fund 15.013 209.172 1178.7551 45.430 Rostrleted Funds Organ Recitals Lincoln Cathedr81 (Fabric Fund) 4.652 6,049 19.6251 1.076 28.836 18,220 143.8951 3.161 Total Restricted Fund 33.488 24.269 153.5201 4,237 Total Funds 48.501 232,946 1232,2751 49.667 12
LINCOLN CATHEDRAL LEARNING. ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 6. Movement in funds (¢ontlnu8d) Balance at 31 March 2024 Balance at 1 April Incomlng 2023 Gainsl (lossos) Outgdng Unrestrictod Funds General Fund 41.895 91.503 1118.385) 15.013 Restri¢ted Funds Lincoln Cathedral Organ Recitals Lincoln C8thedral (Fabric Fund 149.401 1,153 21,443 124,253 6.833 37.955 1273,6541 13.334) 130,562) 4.652 28,836 Total Restrlcted funds 171.997 169.041 1307,550) 33.488 Totalfunds 213,892 260.544 1425,935) 48,501 Restrlcted Funds Llncoln Cathedral- Monies rèised to fund the activities of Lincoln Cathedral. Organ Recitals- Organ recit81 activity during the year. to be neutral in funding over future periods. specifically raised to support the work of Lincoln Cathedral. Lincoln Cathedral IFabrl¢ Fundl- relates to monies specifically raised to supportthe restor*ion ancl m8inten8nce of the fabric of Lincoln Caihedral. 7. Net assets between funds Unrestrlcted Funds Restricted Funds Total Funds Current Year Debtors Cash at Bank Creditors 5,341 89.571 (49.4821 5.341 99.833 155,5051 10.262 16.0251 45.430 4.237 49.667 Prioryear Debtors Cash at Bank Creditors 1,244 26.431 112,6631 229 50.924 117,6651 1,473 77,355 130.3271 15,013 33,488 48,501 13
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO NOTESTO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 8. Income and Expendlture PTior Perlod Comparatives 2024 N8t Contrlbutio In¢oming Outgoing Events Raising Funds Byrd 400 Festival Flower Festival Harvest Supper Luxmurialis Membership Experiences Other fundraising Dambustèrs 80" Anniversary 7.974 {1.463} 1,101 119,0121 (46,8731 1118} (17,754) 114,0511 198.1701 6,511 1.101 18,943 23,205 1.376 2,316 10,586 64.038 37.955 70,078 1,494 20.070 24.637 162,208 Charilable A¢tivitles Non-secular musical events Organ recital concerts Lecture Series The Snowman 40,373 6,833 1.035 50,095 98.336 125,4651 13,3341 1601 129,0791 157.9381 14,908 3,499 975 21,016 40,398 260.544 1156.1081 104.436 Unrestricted Restricted 91,503 169,041 260.544 154.6041 1101,5041 1156.108 36.889 67,537 104.436 Expenditure 2024 Total Funds Raislng Funds Chaiitable Aclivltles Event expenditure (Note 21 Other charitable giving Support costs Governance: Independent Examiner's Fees 57.938 266.453 448 98,170 156.108 266.453 448 2,926 2,926 327,765 98.170 425.935 Char8ed to Unrestricted Funds Charged to Restricted Funds 118.385 209.380 118,385 307.550 98.170 327,765 98,170 425.935 15
LINCOLN CATHEDRAL LEARNING, ARTS. CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 9. Related party transactlons Balances at the year-end are as detailed in Note 4 and 5. These balances represent cash transactions from donors and relate to monies which are owed in relation to events where staff are Provided from the Cathedral to staff the tunéraising events and recharged to the CIO. There is also money due to the CIO in relation to ticket sales. £48,501 was transferred to the Cathedr81 in relation to charit8ble giving in the year which related to 202412025. 10. Ultlmate parent undertaklng and controlling party The ultimate parent undertaking and controlling party is The Cathedr81 Church of the Blessed Virgin Mary of Lincoln. Copies of the group flnenci81 statements are avai18ble from the Chapier Office, 4 Priory Gate. Lincoln, LN2 1 PL. 15