CHAPEL OF UNITY
THE CHAPEL OF UNITY COVENTRY CIO
A Charitsble Incorporated Organizats'on
Registered Charity No. 1183207
REPORT OF THE TRUSTEES
FINANCIAL STATEMENTS
lor the
12 months ondlng 30 Aprll 2024

THE CHAPEL OF UNITr COVENTRY CIO
Page
Report of the Trustees
Ref•rnnc• and Admlnlstratfv• Inforniallon
Independ•nt Examlner
Stat•m?nt of Flnanclal Actlvllles
10
Notss to the Accounts
13

THE CHAPEL OF UNif( COVENTRY CIO
REPORT OF THE TRUSTEES
for the 12 months ending 30 April 2024
The trustees present the fifth annual report of the CIO along with the financial
ststements of the charity for the 12 monlhs ending 30 April 2024.
The Chapel of Unity is a Charitslse Incorp￿ated Organization {CIO) which was
created in 2019 a view to assuming all the functions. assets and liabilities of the
Joint Council, Chapel of Unity Coventry Cathedral. registered charity 248422. It took
over those responsibilits'es on 1 June 2020 and simultsneously, with the approval of
the Charlty Commi&8ion, revised its financial year to end on 30 Aprll.
Objoctlves and Actlvrtles
The object of Ihe charity is to use the combined power of the Church of England and
the Free Churches to strengthen their lrfe and work amng the people of the County
of Wapwick wlthin the Diocese of Coventy. It will seek: .
To deepen. widen and intensfy the corporate Christian life of the people in the
Christian congregations.
To encourage the Church in its work of evangelism.
To relate the life of the Church to every aspect of sooety
To strengthen the cfroperation between Christian churches.
To SUPF)Ort and work towards the complete reunion of all Chrlstlan
communions.
Governance and Management
The Chapel of Unity is administered by a body of trustees made up of indlvlduals
nominated by a variety of specffied local and regional religious organizations includlng
18y people. ministers and priests.
Newly appointed trustees are familiarized wilh trustee responsibilities by reference to
th6 publications of the Charity Commission and to the latest Annual Report of the
Trust.
The CIO trustees elect three persons to act jointty as Coknchalrs. One shall be an
Anglican. normally not a member of the Coventry Cathedral Chapter, and two non-
Anglicans, one of whom shall nornially be a Rornan Cathollc. Subject to the approval
of the trustees they shall mutually detemiine the specific period for which each shall
be the lead Chairperson.
The trU￿eeS have examined the major risks which the charity f￿S and (a)nfirm that
through a combination of internal financial controls and prudent investment policy
exposure to those risks are io be minimized.
Publlc B•n•fft
The CIO wlll continue to pursue the objects and spirit of its predeces50r charity which
was set up in the wake of national conflict to create reconciliation bebNeen Christian
churches and to model reconciliation between all people. The trustees have
considered the Charity Commission's guidance on public benefit and, in particular,

THE CHAPEL OF UNITY COVENTRY CIO
REPORT OF THE TRUSTEES contlnued
the specific guidance to charities on the advancement of religion. 11 will be achieved
through hosting a space that is available to people of all faiths. and none, fcx prayer,
discussion. meetings and exhibition.
A¢hl•vomonts and Perfornianc•
Overvlew
Progress and struggle have characAerized the activities of Ihe Chapel of Unlty this
year. The Chapel of Unity is a valued locus for worship and prayer. and education
about the history of the Chapel and other areas of splritual life. The Chapel has made
considerable progress to update and improve its systems of communication and to
broadcast the history and purpose of the Chapel more widely. The Chapel has also
begun to reach out to the community more effectively. However. it is proving difficult
for some the representative churches to recruit Truslees and the ojrrent budget deficit
cannot conlinue indefinilely.
Governan
The Officers, and the Trustees. and Communications Group respectlvely. continu8 to
meet bimonthly online.
Member8hlp
During the year, David Sutcliffe ￿SIgned as an ordained Baptist Trustee pending
retirement. There are currently no Trustees representing the URC and the Baptists,
and the Coventy Diocesan Synod has not appointed a dergy and lay representative
following the resignations of Father Dexter Bracey and Sarn Margrave over 12 months
Worshlp and Pray•r
The Tuesday and Wednesday services continue to operate in-person and onllne.
Thank you to lan Coates and Veronica Carrol for overseeing each of these. During
Advent. the Chapel of Unity gave weekly Zoom meditations focussing on scripture
passages extracted from the lectionary readings set for Advent Sunday according to
the Revised Cornmon Lectionary. These readings were led by representatives of one
of the Churches that support the Chapel of Unity. The annual service for the Week of
Prayer for Christian Unity - on the theme of 'seNice' ('Go and Do Likewise')- was
successful, attended by over 60 people. During Lent, the Chapel of Unity hosted an
online 20-minute poem reflection every Monday evening, which Penny Mcculloch
selected from The Heart's Time, edited by Janet Morley. These were good and helpful
but accessed by quite a small group. Kai Thierbach has led monthly Taizé worship in
the Cathedral successfully. and there are current plans to offer weekly Taizé worship
in the ruins of the old Cathedral during the summer.
Exhibitions
The Chapel of Unity has hosted a number of exhibitions Induding by the Lutheran
congregation. one relating lo the Week of Prayer for Christian Unity, one on the
subject of'Rural Hardship,, a small exhibition of the World Day of Prayer, and an
exhibilion curaied by the Passionists of Lent and Holy Week. The Communications

THE CHAPEL OF UNITY COVENTRY CIO
REPORT OF THE TrUSTEES contlnued
Group has been developing criteria goveming those wish to use the Chapel of
exhibitions.
Communlcations
The Communications Group worked assiduously to identtfy a suitable website
designer after the Trustees asked it lo investigate and to make a recommendatlon.
The Group recommended asking Gabriel Media to oversee the Chapel of Unity's new
website and the Trustees accepted this recommendats'on. The possibility of linking the
Chapel to the Cathedral's Wi-Fi system is Currently under discussion.
Safeguardlng
The Officers and Trustees have regularfy discussed the development of
safeguarding policy goveming the Chapel of Unlty, following an inquiry from the
Cathedral's then Chief Operating Officer Isobel Chapman. After conversations with
the Cathedral. induding its own safeguarding officer. Jane Williams. and Sarah Price,
the Di0￿$8n Safeguarding Officer. the Officers and Trustees decided to align its
safeguarding policies wilh those of the Cathedral, appointing Jane Williams, as the
Chapel of Unity's Safeguarding Officer. This arrangement is subject to the agreement
and implementation of a Memorandum of Understsnding with the Diocese to preserve
the independence of the Chapel of Unity as regards its obligations and liabilities.
Bulldlngs and Flnance
In recent years the charity has operated at a cash deficlt due to dedlnlng Incorne.
Cash resources must now be supplernented by selective liquidation of Investment
shares unle&8 new income sources can be found. The Treasurer, Mike Perry, has
regularty contacted Simon Danks. the Cathedral Chief Operating Officer, about the
status of the Chapel's faulty heating system. affected by water ingress. The archltect
has concluded that the Chapel will require serious refurbishment to prevent further
leaklng, and il Is currently undear whether the Chapel will be liable for the costs of
repalr.
Outr•a¢h
In June 2023, the Chapel of Unity Secretary conducted a guided tour of the Chapel
of Unity to about 20 members of Churches Together In Berkswell and Balsall
Common, with positive feedback.
Polnls for tho futur•:
Continue to consider the nature. purpose and identity of the Chapel of Unity.
and its relationship with the Cathedral
Continue to promote the Chapel as a visitor site for local ecumenical groups
and to encourage local churches to lead Taizé worship in the Chapel of Unity
or in the ruin? of the old cathedral
To address the recruitrnenl crisis by proactively identifying and encouraging
suitable candidates in liaison with the repfesentative churches

THE CHAPEL OF UNITf COVENTRY CIO
REPORT OF THE TRUSTEES contlnued
To improve rx)mmuni(%tions with an wxlated. inforniative and attractive website and
integrated. efficient Wi-Fi.
To produ(￿. in liaison vath the Chapel's Safeguarding Offi(xr. arKJ Diocesan
Safeguarding Offic8r, safeguarding notices. a robust safeguarding policy. proper
training and recyuitrnent pro¢edur8S.
To address, in ￿operatiOn with the Cathedral. the problems of faulty heating and
water ingress.
To address the budget cash deficit and put the Chap81' s finances onto a sustsinable
footing by seekirvJ new %)urces of incomg.
Golng Conc•m
There are no material uncertainties abcNJt the (tharity's abilty to contlnue.
Flmnclal R•vl•w
Bracketed figures arn the comparatlve amounts report8d in the statement of accounts ftir
the prnV￿us year
The result for the year was a net in¢ffjase in furmls of £2,344 (reduction £2,476) made up of
net cash experKliture £1,131 (£1,865) and an unrealized gain in the market value of the
Investment £3.474 (fall £611).
Totsl Income was £3,810 (£2,927) made up of donalion r8ceipts £2.062 (£1,191) and
dividends received on the investrnent £1,724 (£1.724). Buikling soriety interest added £24
(£12). The donations, which are detailed on the face of the accounts statement, Indude
restricted amount of £100 which is explained in note 4 to the a¢￿Unt8.
Total 8XP8ndlture amwnted to £4,9421£4,792) accounted for mainly by the annual service
charge payab18 to Coventry Cathedral under a peppercom lease agreement £4,100 {£4,100).
The remaining expendllure was on routine expenses of running the Chapel, detsiled on the
face of the accounts statement £732 (£692).
The year dosed *ith funds of £63,138 <£60,795) made up of the Investrnent in Church of
England C8F Income shares £63,1931£59,719) and net current liabilities of £54 (net current
assets £1.076>. The net current118bilities are detalw on the fa￿ of Ihe balance sheet.
At £1,191 <£2,125) cash bwll not be adequate to meet the needs of Immln8nt normal operating
expenditure. It bwII need to be supplemented in the coming year by the liquidation of shares
amounting to approximately £2.Crf￿. Delagated authcKity has already been authorized for th8
treasurer to initiate such a liquidation.
Rese￿$ polky arKI Investm•nt pollcy
The major purpose of the charity is to ensure the continued appropriate use of th8 Chapel of
Unity located at Coventy Cathedral. to promote it among the thal community and support
Its rnaintenan(￿. The predominant asset underlying its reserves is an investment acquired
a¥ part of the transfer of a?¥ets from the predece¥aor charity. Its prime purpose to yTrèkJ ••
much income as possible in order to offset the o)st of amounts payable under a lease
agreement wth Coventy Cathedral. The capital is to be held on a o)nts'ngency basis to
enable the trustees to meet any obligations which fnay arise to assist Coventry Cathedral
including maintaining the Chapel of Unity. Any other income raised during a financial year is
applied without undue delay to the PUTKM)ses for which they raised.

THE CHAPEL OF UNITh COVENTRY CIO
REFERENCE AND ADMINISTRATK)N INFORMATION
Registratlon detalls: The charity is registered with the Charity Commission under
the name of The Chapel of Unity Coventy CIO registration number 1183207.
Trustoe8: The names of trustees who served for any Per￿ up to Ihe time of
signing the report are as follows. Members of the dergy are indicated by {c}
NAME
NOMINATED BY
APPOINTED
TERM
EXPIRES
Dorothea Beasley
The German Speaking Evangelical Lutheran 9 December
Congregations in the Midlands
2023
(c) The 8ishop of Coventsy
8 December
2026
Mark Bratton
l May 2022
30January
2023
30 Aprll 2025
29 January
2026
lan Coats8
(c) Methodist Church
John Lloyd
The Chapter of Coventy Cathedral
1 May 2022
7 September
2021
30 April 2025
6 Septsmbor
2024
Su Mcclellan
(c) The Chapter of Coventy Cathedral
31
December
2027
Andrew Marsh
The Frlends, Meeting House (Cwted)
1 January
2024
Penny Mcculloch
Methc¥Jist Church
16 February
2023
15 February
2026
Leo Poole
(c) Roman Catholic Archdiocese of 8lrmingham 7 July 2023
(c) The Heart of England 8apb.st Association
1 Jure 2022
The GOrn￿n Speakiw Evangelical Lutheran 26 January
Cmgregations in the Midlands
2022
The Roman Catholic Archdiocese of
Birmingham.
6 July 2026
31 May 2025
25 January
2025
David Sutcliffe
Kal Thlerbach.
(c)
Janet Ward
1 May 2022
30 April 2025
Honorary Offi￿r9
Kate Hughes, Secretary
Michael Perry BA FCA. Treasurer
Bank•rn
Beverley Building Soclety
57 Market Pla
88vedèy HU17 8M
Reglst•r•d Addro
1 Beechwood Croft
Kenilworth CV8 1GX
Warwickshlre
Sollcltors
Towns N8edham Solicitors
Brook House
64-72 Spring Gardens
Manchester M2 2BQ
Website".
ni
l under construction ]
apolofunity.

THE CHAPEL OF UNITY COVENTRY CIO
TRUSTEES, RESPONSIBILITIES IN RESPECT TO FINANCIAL STATEMENTS
Although the charity is small enough to be exempt this annual report and statement
of financSal activities have been prepared on an accruals basis.
The trustees
have selected suitable acxounting policies and Intend to apply them
consistently
have made judgements and estlmates which are reasonable and prudent
confirm that the attached statement of accounts has been prepared on a going
concem basis and complies with aptAicable accounting standards and statements of
recommended accounting prdctic¢
The finanaal statement has been Independenty exarnined; St has been prepared in
accordance with the accounting polictes set out in note 1 on page 12 and comply with
the charity's Conslitution and the Charities Act 2011.
The trustees are responsible for keeping accountlng records whlch disdose wlth
reasonable accuracy at any time the financial posltion of the charlty and enable them
to ensure that the financial statements cornply with the Charities Act 2011. They are
also responsible for safeguarding the assets of the charity and for taklng reasonable
steps to prevent and detect fraud or other irregularities.
Approved on behalf of the trustees
Mark Bration
Dale

THE CHAPEL OF UNI￿ COVENTRY CIO
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CHAPEL OF UNITY COVENTRY CIO
RegIstor￿. Charlty 1183207
I report to the trustees on my examination of the accounts of the above
charity for the year ended 30 April 2024.
Responslbllltles and
basls of report
As the charitys truslees. you are responslble for the preparation of the
accounts in acc(￿danCe with the requirements of the Charities Act 2011
(Ihe Acr).
I report in respect of my examination of the charity's accounts carried
out under section 145 of the 2011 Act and In carrylng out my
examination. I have followed all the applicable Directions given by the
Charity Commission under section 145(5)(b) of the Act.
Independent
I have completed my examination. I confimi that no material matters
examlnorf8 •tatom•nt have come to my attentlon In (x)nnection with the examinatlon whlch
give me cause to believe that in. any material respect:
the ac{x￿nting records were not kept In accordance wlth sectlon
130 of the Charities Act; or
the accounts did rK)t accord with the accountlng records: or
the accounts did not comply with Ihe applicable requirements
concerning the fom and content of accounts set out in the
Charities (Accounts and Reports) Regulations 2008 other than
any requirement that the accounts glve a 'true and f81rf vlew
which is not a matter considered as part of an independent
examlnation.
I have no concems and have come across no other matters In
connection wth Ihe examlnation to which attentlon should be drawn
in this report in order lo enable a proper understandlng of the
accounts lo be reached.
Jane Smith
16 Windlesham Gardens. Brighton BN13AI

THE CHAPEL OF UNITf COVENTRY CIO
RwJtsttrtd (*•rty nwthr 1183207
STATEMENT OF ACCOUNTS
Incomo & Exp•ndlture A¢count
for th• yw •ndlw 30 Aprll 2024
TOTAL
ending
30 April
2023
INCOME
Donatlons: unrestricted
836
Chapel collection box contents
Plate collections
Note 3
903
270
220
85
Other donations
830
1,191
Total unrestricted donations received
1,953
110
Donation: restricted
Note 4
1,191
Totsl donations
2,063
1,724
DividerKls received
1,724
24
12
Interest received
2,927
TOTAL INCOME
3,811
EXPENDITURE
Serrfice charge. Coventy Cathedral
Chapel expenses: annual copyright & streaming licence
Chapel expense: mblle dats Streaming monthly charges
Chapel expenses: other induding exhibition materials
Charitable expendilure: restricted donation.
TOTAL EXPENDITURE
4,100
4.100
132
123
234
144
335
456
Note 4
110
4792
4,942
(1.8651
NET REALIZED EXPENDrruRE BEFORE CHANGE IN VALUE
OF SHARES
(1,131)
1811)
Unrealized gain l (fall) in market value of shares
NEf INCREASE I (DECREASE) IN FUNDS durfng Ihe year
Note 2
3,475
£2.344
£{2,476)
10

THE CHAPEL OF UNITY COVENTRY CIO
Registered ¢h8rrty number 1183207
STATEMENT OF ACCOUNTS
BALANCE SHEEr
at 30 April 2024
30 April
2023
TOTAL
ASSETS
Flxed Asset
CBF Church of England Investrnent Fur
Note 2
59.719
63,193
Currnnt ass•ts
Debtors:
Collection box conlents clo Coventry
Cathedral
Note 3
Other
Deposlt account". Beverley Bullding Society
Cash In HarKI
Total current assets
278
100
225
100
1,191
2,100
25
2.503
1,516
Currnnt Ilabllltl•• payab￿ wlthln one year
Servlce charge owing to the Cathedral
Other
Totsl current liabilitles
1,345
225
82
1,427
1,076
1,570
Net curront {Ilabllltles) l assets
NET ASSETS
(54)
£60,795
£63,139
FUNDS * unrnslrlcted
Desynated Gonoral
Totsl
63,271
Accumulated fund at beginning of the year
8.000 52.795 60,795
12,476)
Net expenditure during the p8nod
2,344 2,344
£60,795
TOTAL FUNDS ¢arrled forward
8,000
55.139
£63,139
Date -
Mark Bratton

THE CHAPEL OF UNITY COVENTRY CIO
STATEMENT OF CASH FLOWS
12 months ending 30 Aprfl 2024
RECONCILIATION OF NET CASH USED BY OPERAnNG ACTivmES TO CASH AT THE END
OF THE FINANCIAL YEAR
YEAR
ENOING 30
APRIL 2023
TOTAL
(3,785) Operating activities: Mt cash us8d {se8 below)
(2,682)
Investrnent activlties. cash wising:
1.724
Dividends received
1,724
12
Bank interest
24
1,736 Cash arising inV￿l￿t activities
1,748
(2,049) Net cash ouffithv inflow duriry the p8ri0d
4. 174 Add c&8h brought forward frLYn previous period
(934)
2,125
£2,125
Total cash at end of the period
£1,191
DERNATION OF CASH USED BY OPERATING ACTivmES
(2.476)
Net increase l (decrease) in l￿d5 ￿ring the year as
reported in the Statement of Financial A(Xivitie$
Adjustments to eliminate nonW￿lng activbties".
Inveslment actlvltles:
611
Unrealized {increase) I fall in value of Investment
(3.474)
(1, 724)
DNidends re¢*ived
<1.724)
(12)
Bank inter88t
(24)
(36)
Decrease l (increase) In deblors duriNJ tho period
53
(148)
Increase l (decrease) in creditor5 during the perlod
143
(1.309) Totsl adjustrnents to eliminate rK)n4)twab'ng cash Ilows
(5,026)
3.786)
Net Cash used by operating acbvitses
£(2.682)
12

THE CHAPEL OF UNITh COVENTRY CIO
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
1. Prfnclpal accountlng policies
a) Accountlng Conventlon
The financial ststements have been p￿pared in accordance wlth Chan'fies
SORP (FRS 102) Accounting and Reporting by Chanties.. Statement of
Recommended Prnctice applicable to charities preparing their accounts in
accordance ¥wth Éhe Finanaal Repo￿n9 Standard applicable to the UK and
Republic of Ireland, with the Charities Act 2011 and with the charity's
constitution.
b) Income and oxpendltur•
Expenditure is included on an accruals basis induspie of irrecoverable VAT.
Donations received for specific purposes are reported as restricted income.
Expenditure of funds arising from restricted incorne Is ￿ported as restrlcted
experKliture.
c) Share valuatlon
The Investment managers. CCLA Investment Management Lld. trade the
shares daily. Shares are valued in the accounts at the bid prlce rullng on Ihe
nearest trading day to the end of the reporting period.
2. CBF Church of England Inv08tm•nt Fund - holdlng of 2,790.01 Incom•
shar•s
Year endlng
30 Aprll 2023
Bld pri
Market
per Share value
Shares
held
Y•ar •ndlng
30 Aprll 2024
Bld price
Market
per Share
value of
shar88
hekd
21.623 eo,3JO
At the beginniry of the finan¢id yew
21.404 59.719
(00.219) ( 611) Gain {kwl kn mwket value duflr#J th8 year
1.246
3.474
21.404
£59,719
M•rk•t valu• at the end of the y•ar
22.650
£63,193
3. Collectlon box contents
Donations can be left by visitors in a collection box located In the Chapel.
Cathedral staff empty the box on behalf of the charity and account for it each half-
year by offset when invoicing the Cathedral's $8rrfice charge.
4. R•strlct•d Donalion
The charity received an anonymtxjs donation of £110 subject to a condition that it
was not to be used for the operating costs of the charity. The amount was donated
in tum to a group of worshippers associated with the charity.
13

THE CHAPEL OF UNI￿ COVENTRY CIO
NOTES FORMING PART OF THE FINANCIAL STATEMENTS contlnuod
5. Remuneratlon and staff costs
Trustees received no remuneration and no stsff were employed.
6. Trusteo Expen8e8
No expenses were daimed or paid to trustees during the year other than to
relmburse costs incurred on behalf of the charity.
7. Relal•d Paty Transactlon¥
No transactions with related parties took place during the period.
8. Deslgnatlon of funds
A donation received in a previous financial period from Coventy and Warwickshire
Churches Together has been designated by trustees to safeguard it from being
used for other fomis of charitable expenditure. It is intended for specific actlvities
and events that encourage people to pray. leam and grow together, in the spirit of
the donor.
14