Registered Charity Number: 1175597
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE & EVENTS CIO
Annual Report and Financial Statements
For the Year Nine Months Ended 31 December 2025
Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE & EVENTS CIO ADMINISTRATIVE INFORMATION FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
Trustees
The following Trustees were in post during the period and up to the date of this report:
The Dean The Very Reverend Canon Dr Simon Jones The Canon Missioner The Reverend Canon Rowena King The Precentor The Reverend Canon Dr Nicholas Brown (resigned 1 September 2025)
No Trustee had any beneficial interest in the organisation during 2025.
Principal Address 4 Priorygate Lincoln LN2 1PL Independent Examiner Nicola O’Sullivan FCA DChA BHP Professional Services Limited Albert Works 71 Sidney Street Sheffield S1 4RG Bankers NatWest Smiths Branch 225 High Street Lincoln LN2 1AZ
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE & EVENTS CIO ANNUAL REPORT FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
The Trustees present their report and the financial statements of the Charity for the period ended 31 December 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.
Structure, Governance and Management
Lincoln Cathedral Learning, Arts, Culture and Events CIO (Lincoln Cathedral CIO) is a charitable incorporated organisation registered with the Charity Commission and governed by its CIO Foundation Constitution dated 7 November 2017 and amended on 3[rd] September 2024.
The body of Trustees shall consist of the residentiary Canons of Lincoln Cathedral.
The Trustees are responsible for the day-to-day management of the Charity. Trustees must number a minimum of two and a maximum 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 with no less than 21 days’ notice being given to the current Trustees, with the exception of the first charity trustees as prescribed in the CIO Constitution. In selecting 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 without cause the appointment of any trustee.
The charity trustees will make available to each new charity trustee, on or before their first appointment:
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a) A copy of the current version of its constitution; and
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b) 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:
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The preservation and maintenance of the cathedral fabric and its precinct
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The furtherance of its education and outreach activities for the benefit of the public
To advance such other exclusively charitable purposes supported by the Chapter of Lincoln Cathedral through the provision of grants, services and support.
Public Benefit Statement
The trustees have had due regard to the Charity Commission Guidance on public benefit when setting their aims and objectives.
Strategies
Activities are planned to meet strategic aims and have included the holding of arts and cultural events, lectures and fundraising events throughout the period and engaging with a wide and diverse audience.
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE & EVENTS CIO ANNUAL REPORT FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
Risk management
The Trustees monitor the major risks to which the CIO is exposed and keeps under review the adequacy of systems, 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 by the Senior Leadership Team of the Cathedral.
Investment Policy
The Investment Policy of the Trustees seeks to produce the best financial return within an acceptable level of risk. The investment objective for short term reserves is to preserve capital value with minimal levels of risk, ensuring high liquidity of assets in order to meet short term cash flow needs.
The CIO purposes are such that there are no planned long-term investments.
Achievements and Performance
The financial period delivered a full programme of events, many performed by Lincoln Cathedral’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 wellearned reputation for excellence in music.
During 2025, a comprehensive review of the CIO’s events programme was undertaken to ensure that activity is sustainable, financially viable and represents the most effective use of a small delivery team. This review resulted in a more focused programme, including the decision to remove certain events where the return on investment was limited. Notably, the Jazz Festival, previously delivered in partnership with a local promoter, has transitioned to a hire only model. This event will continue to take place at the Cathedral, while significantly reducing operational demands and financial exposure for the CIO.
Significant revisions were made to serval core events, including Halle, Messiah and the Snowman with a renewed emphasis on refreshing formats, improving audience experience, and strengthening commercial outcomes.
The programme was enhanced through the introduction of an orchestral performance of Wallace & Gromit: The Wrong Trousers during the summer, which was well received by audiences. The newly launched Midsummer Prom has demonstrated strong potential and, alongside St John Passions, will be further developed in 2026.
To support both visitor experience and income generation, an event bar and refreshments offer was introduced during the year, alongside a pop-up retail offer. The retail initiative has proven particularly successful at family-focused events such as The Snowman, where carefully selected stock aligned closely with the core event and audience profile.
None of the above events would have been possible without the effort and dedication of the many volunteers and staff who help to deliver events in the cathedral. 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 contribute to supporting the life and fabric of the building.
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE & EVENTS CIO ANNUAL REPORT FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
Provision of Resources
The Cathedral Church of Blessed Virgin Mary of Lincoln (hereafter referred to as Lincoln Cathedral) has agreed to provide administrative support to the Trustees at no charge.
Financial Review
During the year the Trustees made the decision to change the year end from 31 March to 31 December and these accounts form nine months of financial results. It should be noted that the comparable figures are not necessarily comparable due to the change in year end. The Trustees feel that it is appropriate to do this to ensure that the Cathedral and its subsidiaries are in line with the Church of England’s reporting timelines.
Total income during the nine months ended 31 December 2025 amounted to £231,184 (31/3/2025: £233,441) and generated a surplus of £73,861 (31/3/2025: £49,667) before distributions to Lincoln Cathedral.
Our four largest events were the Halle, Messiah, the Jazz Festival, and The Snowman and these concerts raised £154,630 combined. We were very fortunate to have received a donation towards the cost of the Halle concert for which we are very grateful.
During the period, £48,501 (31/3/2025: £48,501) has been released to Lincoln Cathedral in support of its mission. Of this, £4,237 (31/3/2025: £33,488) was raised, and released, specifically for the upkeep and conservation of the building itself (‘fabric’).
The remaining reserves will be released to fund the works of Lincoln Cathedral in line with the reserves policy in due course.
Reserves policy
The minimum level of free reserves required is quantified in line with the working capital and operating cash flow requirements and monitored by the production of annual cash flow forecasts. Reserves should be applied to charitable purposes as soon as practicable and in line with these ranges. An acceptable range of free reserves, beyond this requirement, is 3-6 months of fixed operational costs less any ‘reasonably certain’ income.
As at 31 December 2025 the funds comprise of £75,026 (31.03.2025: £49,667), which is considered sufficient to fund cash flow for future planned activities to December 2028. Of the reserves held £58,622 (31.03.2025: £45,430) are considered to be the charity’s free reserves.
Operating costs for six months are estimated, in line with the minimum reserves policy, at approximately £6,500. Cash flow requirements for the remaining events programme will be carefully considered before distributing further funds to support Lincoln Cathedral.
Plans for future periods
Planned activities for the future continue to include the full programme of cultural, educational and fundraising events, such as ticketed musical performance events and fundraising dinners.
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE & EVENTS CIO ANNUAL REPORT FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
Looking ahead to 2026, plans are in place to further develop established CIO events, including the annual RAF concert. This will be supported by a refreshed programme centred on the music of John Williams, with the aim of increasing ticket sales and broadening audience appeal. New event development will focus on concepts with strong revenue potential and scalability, including seasonal markets and events designed for standing audiences. There will also be a continued emphasis on introducing events that attract new and more diverse audiences, supporting the CIO’s wider objective to engage visitors across multiple generations.
Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England 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 and of its incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP 2019 (FRS 102)
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the 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 irregularities.
Approved on behalf of the Trustees on 24 March 2026
Signer ID: 9X2E5PMEP6... The Very Reverend Dr Simon Jones Dean
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE & EVENTS CIO
I report to the charity Trustees on my examination of the accounts of Lincoln Cathedral Learning, Arts, Culture & Events CIO for the period ended 31 December 2025 which are set out on pages 8 to 17.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts as carried 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 145(5)(b) of the Act.
INDEPENDENT EXAMINER’S STATEMENT
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signer ID: MMITLPRPJQ...
Nicola O’Sullivan FCA DChA BHP Professional Services Limited One Waterside Place Basin Square Brimington Road Chesterfield S41 7FH
Date: 27/03/2026 GMT
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE AND EVENTS CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
| Note Income from: Donations Legacies Grants 2 Trading activities 2 Total income 2 Expenditure on: Raising funds 3 Charitable activities 3 Total expenditure 3 Net income Other recognised gains/(losses): Net gains/(losses) Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Funds Restricted Funds Endowment Funds Total Nine Months Ended 31/12/2025 Total Twelve Months Ended 31/3/2025 £ £ £ £ £ - - - - - - - - 111,361 5,223 - 116,584 106,040 83,806 30,794 - 114,600 127,401 |
|
|---|---|---|
| 195,167 36,017 - 231,184 233,441 |
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| 58,205 21,298 - 79,503 113,211 123,770 2,552 - 126,322 119,064 |
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| 181,975 23,850 - 205,825 232,275 |
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| 13,192 12,167 - 25,359 1,166 - - - - |
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| 13,192 12,167 - 25,359 1,166 45,430 4,237 - 49,667 48,501 |
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| 58,622 16,404 - 75,026 49,667 |
All income and expenditure is derived from continuing activities.
The statement of financial activities includes all gains and losses recognised in the year.
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO BALANCE SHEET AS AT 31 DECEMBER 2025
| ______ Note Current assets Debtors 4 Money Due from the group 4 Cash on deposit Cash at bank and in hand Creditors: amounts falling due within one year Creditors 5 Accruals & Deferred Income 5 Money owed to the group 5 Net current assets Net assets Funds Unrestricted funds 6 Restricted funds 6 Total funds |
___ At 31/12/2025 £ £ 595 2,077 100,000 28,461 131,133 (1,940) (23,570) (30,597) (56,107) 75,026 58,622 16,404 75,026 |
___ At 31/12/2025 £ £ 595 2,077 100,000 28,461 131,133 (1,940) (23,570) (30,597) (56,107) 75,026 58,622 16,404 75,026 |
________ At 31/03/2025 £ £ 3,822 1,520 35,000 64,833 105,175 (39,624) (9,858) (6,026) (55,508) 49,667 45,430 4,237 49,667 |
________ At 31/03/2025 £ £ 3,822 1,520 35,000 64,833 105,175 (39,624) (9,858) (6,026) (55,508) 49,667 45,430 4,237 49,667 |
|---|---|---|---|---|
| (1,940) (23,570) (30,597) |
(39,624) (9,858) (6,026) |
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| 75,026 | 49,667 | |||
| 58,622 16,404 |
45,430 4,237 |
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| 75,026 | 49,667 |
The financial statements were approved by the Trustees and authorised for issue on the 24 March 2026 and signed on behalf of the Trustees by:
Signer ID: 9X2E5PMEP6...
The Very Reverend Dr Simon Jones Dean
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
1. Accounting policies
(a) Entity status
The entity is a charitable incorporated charity registered with the Charity Commission in England and Wales.
(b) Basis of accounting
The financial statements have been prepared in accordance 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 (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charity is a Public Benefit Entity as defined by FRS102.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Fair value movements are dealt with through the Statement of Financial Activities. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
(c) Going concern
The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In view of the level of assets held and the charity’s full discretion in respect to charitable giving, the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
( d) Income
All incoming resources are included gross in the Statement of Financial Activities when receivable. 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:
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Legacies are included when probate has been granted, it becomes probable that the legacy will be received and that the value of the legacy can be measured reliably.
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Donations, gift aid, covenants, grants are recognised when there is evidence of entitlement, receipt is probable, and the amount can be reliably measured.
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Income from donated goods is measured at fair value unless it is impractical to measure to reliably, in which case the value is derived from the cost to the donor or the estimated resale value. No amounts are included for general contribution of volunteer time.
(e) Expenditure
Expenditure is included in the Statement of Financial Activities as soon as a liability is incurred. Expenditure includes any VAT that cannot be recovered and is classified under the headings of the statement to which is relates.
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
1. Accounting policies - continued
Taxation
- (f) Taxation The charity is considered to pass 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 potentially exempt from taxation in respect of income or capital gains received within categories covered by Income Tax Act 2007, Part 10 s521 – s537 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
(g) Debtors
- Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
(h) Cash at bank and in hand
Cash at bank and in hand includes cash and short-time highly liquid investments.
(i) Creditors
Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
(j) Fund accounting
Unrestricted funds are those given to further the charity’s purposes, applied at the discretion of the trustees. Restricted funds are subject to restrictions placed by the donor for specific projects or activities.
(k) Financial instruments
A financial asset or a 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 receivable or payable including any transaction costs.
(l) Critical accounting estimates and areas around judgement
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
2. Events
| 2. Events | ||
|---|---|---|
| Raising Funds Harvest Supper Luxmurialis Membership Experiences Other fundraising RAF Concert Charitable Activities Non-secular musical events Organ recital concerts Lecture Series The Snowman Other costs Unrestricted Restricted 3. Expenditure Event expenditure (Note 2) Other charitable giving Support costs (Note 2) Governance: Independent Examiner’s Fees (Note 2) Charged to Unrestricted Funds Charged to Restricted Funds |
Incoming Outgoing For the nine months ended 31/12/2025 Net Contribution For the twelve months ended 31/3/2025 Net Contribution £ £ £ £ 16,955 (12,552) 4,403 3,161 - - - 20,905 321 (45) 276 1,034 83,806 (58,205) 25,601 (15,108) 13,518 (8,701) 4,817 4,198 |
|
| 114,600 (79,503) 35,097 14,190 53,931 (37,616) 16,315 10,768 5,223 (2,552) 2,671 1,076 - - - 2,529 57,430 (31,501) 25,929 24,641 - (6,151) (6,151) (3,537) |
||
| 116,584 (77,821) 38,763 35,477 231,184 (157,323) 73,861 49,667 195,167 (133,473) 61,694 45,430 36,017 (23,850) 12,167 4,237 |
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| 231,184 (157,323) 73,861 49,667 |
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| Raising Funds Charitable Activities For the nine months ended 31/12/2025 Total Funds For the twelve months ended 31/3/2025 Total Funds £ £ £ £ 79,503 71,668 151,171 180,237 - 48,501 48,501 48,501 - 1,065 1,065 787 - 5,087 5,087 2,750 |
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| 79,503 126,322 205,824 232,275 |
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| 58,205 123,770 181,975 178,755 21,298 2,552 23,850 53,520 79,503 126,322 205,825 232,275 |
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
No employee earned more than £60,000 per annum. There are no salary costs for the year (31.03.2025: £Nil). No renumeration or expenses have been paid to any of the charity’s trustees (31.03.2025: £Nil).
See Note 8 for Prior Year comparatives.
| 4. Debtors Trade debtors Prepayments Accrued income Due from Lincoln Minster Shops Ltd 5. Creditors Trade creditors Accruals Deferred income Other creditors Due to Lincoln Cathedral Due to Lincoln Minster Shops Ltd |
As at 31/12/2025 As at 31/3/2025 £ £ - - 595 857 - 2,965 2,077 1,520 |
|---|---|
| 2,672 5,342 |
|
| As at 31/12/2025 As at 31/3/2025 £ £ 1,940 39,306 15,960 2,610 7,610 7,248 - 318 30,348 6,026 249 - 56,107 55,508 |
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
| 6. Movement in funds (31 December 2025) Unrestricted Funds General Fund Restricted Funds Organ Recitals Lincoln Cathedral (Fabric Fund) Total Restricted Fund Total Funds 6. Movement in funds (31 March 2025) Unrestricted Funds General Fund Restricted Funds Organ Recitals Lincoln Cathedral (Fabric Fund) Total Restricted funds Total funds |
Balance at 1 April 2025 £ Income £ Expenditure £ Gains/(losses) £ Balance at 31 December 2025 45,430 195,167 (181,975) - 58,622 |
Balance at 1 April 2025 £ Income £ Expenditure £ Gains/(losses) £ Balance at 31 December 2025 45,430 195,167 (181,975) - 58,622 |
|---|---|---|
| 1,076 3,161 5,223 30,794 (2,552) (21,298) - - 3,747 12,657 |
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| 4,237 36,017 (23,850) - 16,404 |
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| 49,667 231,184 (205,825) - 75,026 |
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| Balance at 1 April 2024 Incoming Outgoing Gains/ (losses) Balance at 31 March 2025 £ £ £ £ £ 15,013 209,172 (178,755) - 45,430 |
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| 4,652 6,049 (9,625) - 1,076 28,836 18,220 (43,895) - 3,161 |
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| 33,488 24,269 (53,520) - 4,237 |
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| 48,501 233,441 (232,275) - 49,667 |
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
Restricted Funds
Lincoln Cathedral – Monies raised to fund the activities of Lincoln Cathedral.
Organ Recitals – Organ recital activity during the year, to be neutral in funding over future periods, specifically raised to support the work of Lincoln Cathedral.
Lincoln Cathedral (Fabric Fund) – relates to monies specifically raised to support the restoration and maintenance of the fabric of Lincoln Cathedral .
maintenance of the fabric of Lincoln Cathedral. |
|
|---|---|
| 7. Net assets between funds Current Period Debtors Cash at Bank Creditors Prior Year Debtors Cash at Bank Creditors |
Unrestricted Funds Restricted Funds Total Funds £ £ £ 2,672 - 2,672 112,057 16,404 128,461 (56,107) - (56,107) |
| 58,622 16,404 75,026 |
|
| 5,342 - 5,342 89,570 10,263 99,833 (49,482) (6,026) (55,508) 45,430 4,237 49,667 |
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
8. Income and Expenditure
| Prior Period Comparatives to 31 March 2025 Events Raising Funds Harvest Supper Luxmurialis Membership Experiences Other fundraising RAF Concert Charitable Activities Non-secular musical events Organ recital concerts Lecture Series The Snowman Other costs Unrestricted Restricted Expenditure to 31 March 2025 Event expenditure Other charitable giving Support costs Governance: Independent Examiner’s Fees Charged to Unrestricted Funds Charged to Restricted Funds |
Incoming £ Outgoing £ 2025 Net Contribution £ 18,220 (15,059) 3,161 62,228 (41,323) 20,905 1,078 (44) 1,034 32,060 (47,168) (15,108) 13,815 (9,617) 4,198 |
|---|---|
| 127,401 (113,211) 14,190 |
|
| 44,225 (33,457) 10,768 6,049 (4,973) 1,076 3,625 (1,096) 2,529 52,141 (27,500) 24,641 - (3,537) (3,537) |
|
| 106,040 (70,563) 35,477 |
|
| 233,441 (183,774) 49,667 |
|
| 209,172 (163,742) 45,430 24,269 (20,032) 4,237 233,441 (183,774) 49,667 |
|
| Raising Funds Charitable Activities 2025 Total Funds £ £ £ 113,211 67,026 180,237 - 48,501 48,501 - 787 787 - - - 2,750 2,750 |
|
| 113,211 119,064 232,275 |
|
| 113,211 65,544 178,755 - 53,520 53,520 |
|
| 113,211 119,064 232,275 |
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099
LINCOLN CATHEDRAL LEARNING, ARTS, CULTURE EVENTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED 31 DECEMBER 2025
9. Related party transactions
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 fundraising events and recharged to the CIO. There is also money due to the CIO in relation to ticket sales.
10. Ultimate parent undertaking and controlling party
The ultimate parent undertaking and controlling party is The Cathedral Church of the Blessed Virgin Mary of Lincoln. Copies of the group financial statements are available from the Chapter Office, 4 Priory Gate, Lincoln, LN2 1PL.
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Document ID: 1038c2ecf2e3ac0e29c24e58571ad8aa648a10b10d5b806e1cc5948536e3d099