CHAPEL OF UNITY
THE CHAPEL OF UNITY COVENTRY CIO
A Charitable Incorporaled Organization
Registered Charity No. 1183207
REPORTOF THE TRUSTEES
FINANCIAL STATEMENTS
for the
12 months ending 30 April 2025

THE CHAPEL OF UNITY COVENTRY CIO
Page
Report of the Trustees
Refgron¢• and Admlnlstratlve Inforniatlon
Independent Examiner
10
Statement of Flnanclal Activities
11
Notes to the Accounts
14

THE CHAPEL OF UNITY COVENTRY CIO
REPORT OF THE TRUSTEES
for the 12 months ending 30 April 2025
The trustees present the sixth annual report of the CIO along with the financial
statements of the charity for Ihe 12 months ending 30 April 2025.
The Chapel of Unity is a Charitable Incorporated Organization (CIO) which was
created In 2019 with 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 responsibilities on 1 June 2020 and simultaneously, with the approval of
the Charity Commission, revised its financial year to end on 30 April.
Objectlves and Actlvltles
The object of the charity is to use the combined power of the Church of England and
the Free Churches to strengthen their life and work among the people of the County
of Warwick within the Diocese of Coventry. It will seek.. -
To deepen, widen and intensify the corporate Christlan Ilfe of the people in the
Christian cOng￿gatIOns.
To encourage the Church in its work of evangelism.
To relate the life of the Church to every aspect of society
To strengthen the co-operation between Chnstian churches.
To support and work towards the complete reunion of all Chrlstian
communions.
Governance and Management
The Chapel of Unity is administered by a body of trustees made up of individuals
nominated by a variety of specified local and regional religious organizations including
lay people. ministers and priests.
Newly appointed trustees are familiarized with trustee responsibilities by ￿ference to
the publications of the Charity Commission and to the latest Annual Report of the
Trust.
The CIO trustees elect three persons to act jointly as co-chairs. One shall be an
Anglican, normally not a member of the Coventry Cathedral Chapter, and two non-
Anglicans. one of whom shall nomally be a Roman Catholic. Subject to the approval
of the trustees they shall mutually determine the specific period for which each shall
be the lead Chairperson.
The trustees have examined the major risks which the charity fa￿S and confirm that
Ihrough a combination of internal financial controls and prudent investment policy
exposure to those risks are to be minimized.
Publlc Beneflt
The CIO will continue to pursue the objects and spirit of its predecessor charity which
was set up in the wake of national conflict to create reconciliation between 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 speclfic guidance to charities on the advancement of religion. It will be achieved
through hosting a space that is available to people of all faiths, and none, for prayer,
discusslon. meetings and exhibitlon.
Achievements and Perfonnance
Overvlew
Progress and struggle have again characterized the activities of the Chapel of Unity
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 spiritual 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 of the representative churches to recruSt Trustees.
In September the Officers met with the Dean of Coventry Cathedral, and some of the
Cathedral staff, at his invitation, to explore the relationship of the Chapel with the
Cathedral and improving relationships. Subsequently the trustees unanimously
agreed to maintain the independence of the Chapel in accordance to the intentions of
its founders. At the same time, they expressed the wish to continue to work
harmoniously with the Cathedral in regards to its special relationship with the Chapel
in the spirit of Christian Unity for which the Chapel was instituted and built. It is
intended that to continue to explore with the Cathedral how best we can make this
possible.
Governance
The Officers, the Trustees. and Communications Group respectively, continue to
meet bimonthly online.
Membership
During the year Bill Young has become the new ordained URC Trustee. There are
currently no Trustees representing the Baptist Church. and the Coventry Diocesan
Synod has yet to appoint a clergy and lay representative.
Worship and Prayer
The Tuesday and Wednesday services continue to oper8te, the Wednesday seNice
in-person and online. Thank you to lan Coates and Veronica Carroll for overseeing
each of these services.
During Advent, the Chapel of Unity gave weekly Zoom meditations based on
Christmas Voices from the Holy Land, material produced by the Friends of the Holy
Land. Each of these was 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 -
commemorating the 700th anniversary of the Nitsne Creed and produced by the
Bose Ecumenical Community in Italy- was attended by over 60 people. During Lent,
the Chapel of Unity hosted an online 20-minute psalm reflection every Monday
evening, based on the Garden Song by Clare and Micah Haynes These were
supported by between 10 and 14 people each week.

THE CHAPEL OF UNITY COVENTRY CIO
REPORT OF THE TRUSTEES contlnued
Trustee Kai Thierbach and Stephen Willey. together with Ann Tuesley accompanying,
have led monthly Taizé worship in the Chapel on Sundays at 5pm. In August 2024,
Stephen Willey and Kai Thierbach organized a trip to Taizé for teenagers and young
adults.
There is also a monthly Julian Meeting in the Chapel.
Exhlbltlons
The Chapel of Unity has hosted a number of exhibitions and smaller displays. These
included the history of the Chapel of Unity. the German Lutheran congregation who
have worshiped in the Chapel since 1950, also one relating to the Week of Prayer
for Christian Unity and another the World Day of Prayer. There were further displays
for Refugee Week and an exhibition celebrating 400 years of the Society of Friends.
the Quakers.
Communlcatlons
The Communications Group continues to work on the Chapel of Unity's new website
and the further development of the Facebook site. Members of the group have also
produced posters for events in the Chapel.
Safeguarding
Revd Bill Young. who was appointed a Chapel trustee in 2024 to represent the United
Reformed Church (URC), has been appointed the Safeguarding Offi￿r. He has
developed a safeguarding policy for the Chapel of Unity which is based on the policies
and procedures of the URC. The URC regional (Synod) Safeguarding Officer has
made herself available to give advi￿ and support as well as training where required.
The trustees adopted the new policy in March 2025. Infomiation and relevant contact
details have been posted in the Chapel. A copy has been passed to the Cathedral,.
communication and collaboration on safeguarding matters will continue.
Bulldlngs and Finance
In recent years the charity has operated at an annual cash deficit due to declining
income. Cash resources must now be supplemented by selective liquidation of
investment shares unless new income sources can be found. During the year a sale
of shares was necessary, adding £2,000 to cash reSoUr￿s. Present cash
expectations are that further sale of a similar amount will be necessary towards the
end of the new financial year. The current budget deficit cannot continue thus
indefinitely. The Trustees have therefore decided in prin￿pIe to investigate an
electronic donation station in the Chapel.
Trustees are aware of the need to improve access to the Chapel, for instance by a
railing on the staircase to the Chapel. This issue needs to be further explored with
the Cathedral.
The Chapel was dosed for some weeks in spring for repair arKJ review of the interior
following a small fall of masonry. The Cathedral have been most cooperative in finding

THE CHAPEL OF UNITY COVENTRY CIO
REPORT OF THE TRUSTEES contlnued
appropriate places for our regular worship within the Cathedral itself. for which all are
most gratefvl.
Polnts for the future:
Continue to consider the nature, purpose and identity of the Chapel of Unity,
and its relationship with Ihe Cathedral
Continue to promte the Chapel as a vlsltor slte for local ecumenlcal groups
To encourage local churches to get involved with the work of the Chapel
To address the recruitment crisis by proactively identifying and encouraging
suitsble candidates in Ilalson wlth the representatlV8 churches
To improve communications with an updated, infomative and attractive
website and integrated, efficient Wi-Fi.
To improve advertising for prayers and events in the Chapel
To address. in cooperation with the Cathedral, the problems of faulty heating
and water ingress and the possibility of a handrail.
To address the budget cash deficit and put the Chapel, s finances onto a
more sustainable footing.
Going Concern
There are no material uncertainties about the charity's abiltty to financlally support
itself until the issue of the 2025126 annual report.
Financlal Revlew
Bra¢ket8d fjgures arè th8 ¢omparaUve amounts Trported in the statement of accounts ftjrlhe
previous year
The result for the year ending 30 Aprfl 2025 was a net reduction In fijnds of £3,598
(increase £2,344) made up of net cash expenditure £1,455 (£1,131) and an
unrealized f811 in the market value of our shareholding of £2.143 (gain £3.475).
Total Income was £3.525 (£3,811) made up of donation receipts £1,732 (£2,063),
dividends received on the shares £1,731 (£1.724). inlerest £27 (£24) and a cash
surplus of £35 on the sale of some shares in excess of book value.
Totsl expenditure amounted to £4,980 (£4,942), accounted for mainly by the service
charge of £4,100 (£4,100) payable to Coventry Cathedral under a peppercorn lease
agreement. The remalning expenditure of £880 (£842) was spenton routine expenses
of running the chapel, detailed further in the Income and Expenditure account. The
fall in value of shares mentioned earlier is in addition to these figures.

ThE CHAPEL OF UNITY COVENTRY CIO
REPORT OF THE TRUSTEES contlnuéd
The year closed with total funds of £59,541 (£63,139) made up of the investment in
Church of England CBF income shares £59,086 (£63,193) and net current assets of
£455 (net liabilities £54), the make-up of which is detailed in the Balance Sheet.
Cash: C8sh is a growing concern, and trustees are considering options to stimulate
increased income. As first anticipated in the 2023 report it was necessary to s811 some
shares during this financial year in orderto meet a structural cash shortfall. Our annual
fixed costs are steady at around £5,000 but our undedying steady income - donations
and dividends - do not match that requirement., they typically range between £2,000
and £3,000 annually. It is only thanks to exceptional donations (£8,000 in 2020,
£8,400 in 2016) that share sales have not been forced on us before now. In the
absence of serendipity income a further small sale of shares can be anticipated
around the end of the 202516 financial year.
Reserves pollcy and Investmont pollcy
The major purpose of the charity is to ensure the continued appropriate use of the
Chapel of Unity located at Coventry Cathedral, to promote it among the local
community and support its maintenance. The predominant asset underlying its
reserves is an investment acquired as part of the transfer of assets from the
predecessor charity. Its prime purpose is to yield as much income as possible in order
to offset the cost of amounts payable under a lease agreement with Coventry
Cathedral. The capital is to be held on a contingency basis to enable the trustees to
meet any obligations which may 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 purposes for which they were raised.

THE CHAPEL OF UNITY COVENTRY CIO
REFERENCE AND ADMINISTRATION INFORMATION
Registratlon details: The charity is registered with the Charity Commission under
the name of The Chapel of Unity Coventry CIO registration number 1183207.
Trustees: The names of trustees who served for any pericé up to Ihe time of
signing the report are as follows. Members of the clergy are indicated by (c)
NAME
NOMINATED BY
APPOINTED
TERM
EXPIRES
Dorothea Beasley
The Gempn Speaking Evangelical Lutheran 9 D&cemb8r
Congregations in the Midlands
2023
(c) The Bishop of Coventy
8 December
2026
Mark Bratton
1 May 2025
30January
2023
30 April 2026
29 January
2026
lan Coates
(c) Methodist Church
John Lloyd
The Chapter of Coventy Cathedral
1 May 2025
7 September
2025
30 April 2028
6 September
2028
Su Mcclellan
(c) Tha Chapter of Coventy Cathedral
31
December
2027
Andrew Marsh
Tha Friends, Meeting House (Co-OPt8d)
l January
2024
Penny Mcculloch
M8th(MJist Church
16 February
2023
15 February
2026
Leo Poole
{c) Roman Catholi¢ Archdiocese of Bimiingham 7 July 2023
The Gemian Speaking Evangelical Lutheran 26 January
Congregations in the Midlands
2025
The Rornan Catholic Archdi0￿se of
Birmingham.
West Midlands Syn¢)d of the United
Reformed Church
6 July 2026
25 January
2028
Kai Thierba¢h.
Ic)
Janet Ward
1 May 2025
30 April 2028
Bill Young
(c)
15 Octob8r
2024
14 October
2027
Honorary offlcors
Kate Hughes, Secr8tary
Michael Pery BA FCA, Treasurer
8ankors
Beverley Building Society
57 Market Place
Beverfey HU17 8AA
Registered Address
18eechwood Croft
Kenilworth CV8 1 GX
Sollcitors
Towns Needham Sollcilors
Brook House
64-72 Spring Gardens
Manchester M2 2BQ
Warwickshir8
Website:
htt .11 h lofuni
.or
k [ under construction ]
@chapebfunity.

THE CHAPEL OF UNITY COVENTRY CIO
TRUSTEES, RESPONSIBILITIES IN RESPECT TO FINANCIAL STATEMENTS
Although Ihe charity is small enough to be exempt this annual report and statement
of financial activities have been prepared on an accruals basis.
The trustees
have selected suitable accounting policies and Intend to apply them
consistently
have made judgements and estimates which are reasonable and pnjdent
confirm that the attached statement of accounts has been prepared on a golng
concem basis and complies with applicable accounting standards and statements of
recommended accounting practice
The financial statement has been independently examined. it has been prepared in
accordance with the accounting policies set out in note 1 on page 14 and comply with
the charity's Constitution and the Charities Act 2011,
The trustees are responsible for keeping accounting records which disclose with
reasonabSe accuracy at any time the financial position of the charity and enable them
to ensure that the financial statements comply with the Charities Act 2011. They are
also responsible for safeguarding the assets of the charity and for taking reasonable
steps to prevent and detect fraud or other irregularities.
Approved on behalf of the trustees
Date
-A4_l @- L20 2s
Kai Thierbach

THE CHAPEL OF UNITY COVENTRY CIQ
INOEPENDENT EXAMINER'S REPORT
TO THE TrU8TEES OF THE CHAPEL OF UNrfY COVEirfRY CIO
R•gl8t•r•d. Charlty 1183207
I rep￿1 to the tn￿tee$ on my examlnatlon of the accounts of the above
chanty for the year ended 30 Aw'l 2025.
R•￿OnSIbIlItI•l and
As the charlty8 truslees, you are responslble for the preparatlon of the
{Ihe Acr).
I report In respoct of my oxamlnabon of the ¢haiiWs accounts carrled
out under 8ethn 145 of the 2011 Acl and in carryiry (yjt my
examlnation. I have followed all the aprAlcable Direclions giv•n by
Charfty Commissitin under s8ction 145(SXb) of the Act.
Ind•p•nd•nt
have completed my examinalion. l tt•nfim that no material matters
•xamln•rf• •tal•m•nt have c%)me lo my attention in txlnneclton whh th8 examination whKh
give me cause to belleve that In, any materlal res￿￿￿.
the accounting rec%xd8 were Th)t kept In accordance wlth secllon
130 of the Charities Act., iy
the accA)unts dld not accord with accounung re(x)rds,' or
the accounts dld not comply wlth the applFcabl8 requirernents
conc4mln9 the form and contenl of accounts set out in the
Charities {Accounts and Report8) Rogulallons 2CM)8 other than
any requirement that the xcounts gSve a 'tru& and falrf vlew
whlch Is rKJt a matter ￿￿ler8d as part of an independenl
examination.
I have no o)ncems and have come across no other matters in
connection with the examinatmx to whlch attention should be drawn
In this report In onler to enable a woper underslarKllrG of the
accounts to be reached.
Jane Smith
16 Wlndlesham Gardens. Brlghton BN13AJ
10

THE CHAPEL OF UNITY COVENTRY CIO
Registered charity nurnb8r 1183207
STATEMENT OF ACCOUNTS
Incomo & Expendlture Account
for the year endlng 30 Aprll 2025
TOTAL
Ye•r
8ndiTrJ 30
AprS12024
Year endln9
30 4)ril
2025
INCOME
Donations: unrestricted
903
Chapel collection box contents
Plate collections
Note 3
860
220
198
830
Other donations
674
110
Donation: restricted
2.063
Total donations
Dividends received
1,732
1,731
27
1,724
24
Interest re￿iVed
Realized gain on the sale of shares
TOTAL INCOME
35
3.811
3.525
EXPENDITURE
4.100
Service charge, Coventry Cathedral
Chapel expenses.. annual copyright & streaming licence
Chapel expense: mobile data streaming monthly charges
Chapel expenses,. other including exhibition materials
Charitable expenditure: restricted donation.
TOTAL EXPENDITURE
4,100
138
132
144
132
456
610
110
4,942
4,980
11,131)
NET EXPENDITURE BEFORE CHANGE IN VALUE OF SHARES
{1,455)
3,475
Unrealized (fall) I gain in market value of shares
Note 2 (2,143)
NET (DECREASE) I INCREASE IN FUNDS durlng the year
(3,598)
11

THE CHAPEL OF UNITY COVENTRY CIO
Regislered charfty number 1183207
STATEMENT OF ACCOUNTS
BALANCE SHEET
at 30 Aprll 2025
30 April
2024
30 April
2025
ASSETS
Flx•d Asset
CBF Church of England Investment Fund
Note 2
63.193
59,086
Current assets
Debtors:
Collection box conients (clo Coventry
Cathedral)
Note 3
other
1191 1 Deposit account: Bevertey Building Society
1,516
Total current assets
225
276
100
1,940
Current Ilabilities payable wlthln one y•ar
Service charge owing to the Cathedral
other
Total current liabilities
1.345
140
1,570
( 54)
1.485
Net current aswts l (Ilabilltles)
NET ASSETS
455
£63,139
£59,541
FUNDS . unrnstrlct•d
Designated General
Note 7
Total
60.795
Accumulated fund at beginning of the year
8,000 55,139 63,139
Net (expenditure) l income during the period
(3.598) (3,598)
£63,139
TOTAL FUNDS Carrled forward
8,000
51.541
£59,541
.Lop.(b2J
Kai Thierbach
Trustee
12

THE CHAPEL OF UNITY COVENTRY CIO
STATEMENT OF CASH FLOWS
12 months endlng 30 April 2025
RECONCILIATION OF NET CASH USED BY OPERATING ACTMTIES TO CASH AT THE END
OF THE FINANCIAL YEAR
YEAR
ENDING 30
APRIL 2024
Year ending
30 April
2025
(2,682) Net cash used in Operating Activities (see below)
13.385)
Investment activities, cash arising..
Proceeds of sale of shares
2.000
1, 7241 Dividends received
Bank interest
1,731
27
1,748
Cash flow arising from investment activities
3,758
(934) Net cash inflow l (oufflowl during the period
2, 125 Add cash brought forward from previous period
373
1,191
£1.191
Total cash at end of the period
£1,564
DERIVATION OF CASH USED BY OPERATING ACTivrriES
2,344
Net (decrease) l increase in funds during the year as
reported in the Stslement of Financial A¢ttvities
(3,598)
Adjustrnents to 81iminate non-operating activities:
Investrnent activities:
Realized gain on sale of shares
Unrealized fall l (increase) in value of investment
(35)
(3.474J
2,143
fl, 724J
Dividends re¢elved
(1,731)
(24)
Bank interest
127)
53
Decrease l (increase) in debtors during the period
(51)
143 In¢￿aSe I (de¢￿ase) in creditors during the period
186)
(5,026) Totsl adjustments to eliminate nOn-0￿rating cash flov
213
(£2.682J
Net Cash used by operating activities
(£3,385)
13

THE CHAPEL OF UNITY COVENTRY CIO
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
1. Principal accountlng policies
a) Accountlng Conventlon
The financlal statements have been prepared in accordance with Chanties
SORP (FRS 102) Accounting and Reporting by Charities.. Statement of
Recommended PraGtice appliGable to chan'ties prgparing their accounts in
accordance with the Financial Repothng Standard applicable to the UK and
Republic of I￿land, with the Charities Act 2011 and with the charity's
constitution.
b) Income and expendlture
Expenditure is included on an accruals basis inclusive of irrecoverable VAT.
Donations received for specific purposes are reported as restricted income.
Expenditure of funds arising from restricted income is reported as restricted
expenditure.
c) Share valuatlon
The investment managers, CCLA Investment Management Ltd, trade the
shares daily. Shares are valued in the accounts at the bid price ruling on the
nearest trading day to the end of the reporting period.
2. CBF Church of England Investment Fund Income Shares:
Reallzed galn on the sale of shares and yearryend holdlng
Year ending
30 April 2024
Price l Number
share
of
INote 1¢)
shaFes
Yaar ending
30 Aprll 2025
Number
of
shar85
Market
valu8
Price I
share
(Note 1cl
Market
value
21.404 2.790.1
59,719
At the beginning of the
financial year
Less Shares sold during th8
year at brought-forward
market value
Shares retsined at broughl-
forward market value
Market valug of shares at
end of th& year
Unrealized gain (loss} in
market value during the
period
(Minordiff8r8nc8s in additions ariso fmm mundings)
22.650 2.7￿.1
63,193
22.650
(86.7) (1,964)
21.404 2.790.1
59,719
22.650
2.703.3 61,229
22.650 2.790.1
63,193
21.857
2.703.3 59,086
1.246
2,790.1
3A74
10.793)
2,703.3
{2,143)
3. Collectlon box contonts
Donation8 can be left by visitors in a colleGtion box located In Ihe 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 seNice charge.
4. Remuneration and staff costs
Trustees received no remuneration and no staff were employed.
14

THE CHAPEL OF UNITY COVENTRY CIO
NOTES FORMING PART OF THE FINANCIAL STATEMENTS continued
5. Trustee & Independent Examiner's expenses
No expenses were claimed or paid to trustees during the year other than to
imburse costs incurred on behalf of the charity and no remuneration was paid
to the Independent Examiner.
6. Related Party Transactions
No transactions with related parties took place during the perlod.
7. 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 forms of charitable expenditure. It is intended for specific activities
and events that en￿Urage people to pray, team and grow together. in the spirit of
the donor.
15