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2025-12-31-accounts

Core purposes
Being the seat of the Bishop and a centre
for worship and mission.
Providing a focus for the life and work of
the Church of England in the Diocese.		 Activities:
Celebrating services of baptism, confirmation, ordination, the
licensing of lay ministers
, and the annual renewal of ordination
vows at the Chrism Eucharist.
Hosting Diocesan services
and events for those in the parishes of
the Diocese with safeguarding responsibilities.
Welcoming pupils from schools
in the Diocese of Ely Multi
-
Academy Trust to a special Christmas Carol Service.
Celebrating special and civic events
, such as for General Election
hustings and an annual justice service.
Providing free entry to the Cathedral
year
-
round for all those who
worship in the parishes of the Diocese and for all on major festivals.
Charitable objectives
Advancing the Christian religion in
accordance with the faith and practice of
the Church of England		 Activities:
Holding at least three
acts of worship
every day of the year,
including
regular choral worship
, and
livestreaming
an average of
five services each week.
Providing
pastoral care
to our congregation, pilgrims and visitors.
Maintaining a wide programme of
Christian education and
formation
for adults, children and families.
Engaging in a range of
social issues
through lecture series,
discussions and preaching.
Welcoming members of
other Christian denominations
as
Etheldreda (Ecumenical) Canons of the Cathedral and providing
hospitality to other Churches wishing to worship at the Cathedral.
Caring for God
’
s created world
by reducing our carbon footprint
and enhancing biodiversity on the land under our stewardship.
Providing free entry to the Cathedral
year
-
round for local
residents, care workers, children and Cambridgeshire students.
Caring for and conserving the fabric and
structure of the Cathedral Church building		 Maintaining the Cathedral
Church building and the many ancient
monastic buildings in the Cathedral precinct under our care.
Commissioning and supervising
conservation work
to preserve the
Cathedral for future generations.
Undertaking
enhancements
to improve the appearance, useability,
energy
-
efficiency, safety and ease of maintenance of the Cathedral.
Advancing any other charitable purposes
which relate to the two objectives above		 Building on our excellent musical and artistic tradition by
acting as
a regional venue for concerts, events and exhibitions.
Making our heritage accessible to the public
, supported by
interpretation materials, guided tours and a range of information.
Supporting & enabling activities
Activities which support and enable our
core purposes and charitable objectives.		 Securing resources
through fundraising, investment and property
management, and the activities of our shop and restaurant.
Working safely and effectively
with support from colleagues
specialising in safeguarding, health & safety, governance,
administration & compliance, finance, technology, communications,
and human resources.

We become unable sustainably to • Our level of reserves cushions us in the short term from the effects of
generate sufficient operational income in becoming unable to generate sufficient operational income. We have
the medium term to fund the day
-
to
-
day
ministry of the Cathedral.		 expanded our fundraising team in recent years to maintain our capacity
to attract grants from trusts and foundations.
• We regularly review the balance between our income streams (from real
property, donations, grants, admissions, events and commercial
activities) to avoid over
-
reliance on any single source of income.
• Regular financial forecasts for different scenarios are prepared and
reviewed by the Finance Committee and by Chapter.
• Clear and detailed financial reporting is in place.
• Actions to increase operating income were identified and agreed in 2022.
The delivery of these actions has increased the net income we generate
annually for charitable use by £730,000 (59%) in 2025 versus 2022.
Failures in compliance with health & safety • We have an established health & safety forum to facilitate
legislation cause personal injury. communication between management and colleagues on safety issues.
• Periodic external reviews of our safety arrangements are undertaken and
reported to Chapter, including by our insurers every three years.
• A professional advisor for health & safety is retained by Chapter.
• Incident response plans have been developed.
• A dedicated Safety Co
-
ordinator joined the Cathedral on a part
-
time
basis in spring 2022 to support a more consistent approach to safety
across the Cathedral
’
s range of activities.
Inadequate safeguarding policy or practice • Strong safeguarding governance arrangements are in place.
fails to prevent or address harm. • The Cathedral
’
s Safeguarding Advisory Group is independently chaired
and meets regularly.
• Responsibilities are clearly assigned and periodically reviewed.
• Our safeguarding handbook is reviewed and updated annually.
• External reporting arrangements are in place and fulfilled (both in our
annual report and separately to the Bishop).
• The completion of training by clergy, staff and volunteers is monitored.
• Our Safeguarding Advisor is highly experienced and shared with the
Diocese.
• We periodically survey the Cathedral community to test the degree to
which our safeguarding activities are having the intended impact.
• Self
-
assessment against national safeguarding standards began in 2023,

Financial statements 39

Note
Income & endowments from:
Donations & legacies:
5.1
(i)
Donations
(ii)
Legacies
(iii)
Grants
Charitable activities
5.2
Other trading activities
5.3
Investments
5.4
Transfers from endowment
20.1		 2025 2024
Unrestricted
general
£000
Unrestricted
designated
£000
Restricted
£000
Endowment
£000
426
96
45
-
-
-
148
6
560
10
122
-
473
-
-
-
2,026
-
-
-
151
-
94
148
300
-
-
(300)		 Total
£
’000		 Total
£
’000
596
350
447
420
2,378
412
-
584
224
605
473
2,026
393
-
**Total income ** 3,517
-
808
(20)		 4,305 4,603
Expenditure on:
Raising funds
6
Charitable activities
7/8
(i)
Ministry
(ii)
Cathedral & precincts upkeep
(iii)
Education & outreach
(iv)
Community, parish &
congregation
Other expenditure		 1,225
-
43
-
708
825
318
99
-
2
-
-
469
604
98
22
-
-
-
-
17
-
-
-		 1,268 1,635
1,129
1,475
371
106
19
1,177
1,431
416
121
17
**Total expenditure ** 3,192
2
1,236
-		 4,430 4,735
Net income / (expenditure) before
gains / (losses) on investments		 325
(2)
(428)
(20)		 (125) (132)
Net gains / (losses) on listed investments
11
Net (losses) on property investments
12		 64
-
(116)
(191)
-
-
-
-		 (243) 505
(100)
-
Net income / (expenditure)
Transfers between funds
20		 382
(530)
(2)
-
(544)
603
(211)
(73)		 (368)
-		 273
-
Net movement in funds (141)
(2)
59
(284)		 (368) 273
Reconciliation to funds:
Total funds brought forward		 8,134
93
4,664
5,367		 18,258 17,985
**Total funds carried forward ** 7,994
91
4,723
5,083		 17,890 18,258

Note
Income & endowments from:
Donations & legacies:
5.1
(i)
Donations
(ii)
Legacies
(iii)
Grants
Charitable activities
5.2
Other trading activities
5.3
Investments
5.4		 2025 2024
Unrestricted
general
£000
Unrestricted
designated
£000
Restricted
£000
Endowment
£000
362
5
45
-
-
-
827
-
560
-
-
-
523
-
-
-
1,604
-
-
-
65
-
-
-		 Total
£000		 Total
£000
1,261
6
447
483
1,483
79
1,189
5
605

523

1,604

65
**Total income ** 2,604
-
1,387
-		 3,991 3,759
Expenditure on:
Raising funds
6
Charitable activities
7/8
(i)
Ministry
(ii)
Cathedral & precincts upkeep
(iii)
Education & outreach
(iv)
Community, parish &
congregation
Other expenditure		 801
-
43
-
708
832
318
99
-
2
-
-
469
570
98
22
-
-
-
-
-
-
-
-		 844 787
1,129
1,490
371
106
-
1,177
1,404
416
121

-
**Total expenditure ** 2,758
2
1,202
-		 3,962 3,883
Net (expenditure) / income before
gains / (losses) on investments		 (154)
(2)
185
-		 29 (124)
Net gains on listed investments
11
Net (losses) on property investments
12		 186
-
14
-
-
-
-
-
200		 247
(100)

-
Net income / (expenditure)
Transfers between funds
20		 32
-
(2)
-
199
-
-
-		 229
-		 23
-
Net movement in funds 32
(2)
199
-		 229 23
Reconciliation to funds:
Total funds brought forward		 5,045
93
1,239
-
6,377		 6,354
**Total funds carried forward ** 5,077
91
1,438
-		 6,606 6,377

Note
Fixed assets
Tangible assets
Investments
14
10		 2025

2024
Unrestricted
general
£000
Restricted
£000
Endowment
£000
Unrestricted
designated
£000

777
6,253
37
4,387
-
4,413
-
-		 Total
£000		 Total
£000

764
17,460
814
15,053
**Total fixed assets ** 7,030
4,424
4,413
-		 15,867 18,224
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
18		 94
134
1,481
-
38
261
-
55
615
-
91
-		 78
266
403
94
318
2,357
Total current assets
Creditors: amounts falling due within
one year
19		 1,709
299
670
91
(514)
-
-
-		 2,769 747
(449)
(514)
Net current assets/(liabilities)
Creditors: amounts falling due after
more than one year
19		 1,195
299
670
91
(231)
-
-
-		 2,255 298
(264)
(231)
**Total net assets ** 7,994
4,723
5,083
91		 17,891 18,258
The funds of the group:
General fund
Organ fund
Fabric fund
Music fund
Other funds
Revaluation reserve		 7,082
-
-
-
-
912
-
-
340
2,951
1,432
-
-
-
3,064
2,019
-
-
-
91
-
-
-
-		 7,082
91
3,404
4,970
1,432
912		 7,215
93
3,875
5,247
916
912
Total funds
20		 7,994
4,723
5,083
91		 17,891 18,258

Note
Fixed assets
Tangible assets
Investments
14
10		 2025


2024
Unrestricted
general
£000
Restricted
£000
Endowment
£000
Unrestricted
designated
£000

760
4,771
37
1,149
-
-
-
-		 Total
£000		 Total
£000

747
5,890
797
5,920
**Total fixed assets ** 5,531
1,186
-
-		 6,717 6,637
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
18		 17
243
5
-
80
172
-
-
-
-
91
-		 9
360
88
17
414
177
Total current assets
Creditors: amounts falling due within
one year
19		 265
252
-
91
(488)
-
-
-
608		 457
(453)
(488)
Net current assets
Creditors: amounts falling due after
more than one year
19		 (223)
252
-
91
(231)
-
-
-
120		 4

(264)

(231)
**Total net assets ** 5,077
1,438
-
91		 6,606 6,377
The funds of the Cathedral:
General fund
Organ fund
Music fund
Other funds
Revaluation reserve		 4,165
-
-
-
912
-
-
221
1,217
-
-
-
-
-
-
-
91
-
-
-		 4,165
91
221
1,217
912		 4,126
93
225
1,021
912
Total funds
20		 5,077
1,438
-
91		 6,606 6,377

2025 2024

5.2
Income from charitable activities
Consolidated
Facility and other fees
Gross income of the choir school		 2025 2024
Total
£000
365
55
420
428
55
483
Unrestricted
general
£000
Restricted
£000
Endowment
£000
Total
£000
Unrestricted
designated
£000
384
89
-
-
-
-
384
89
-
-
Income from charitable activities
-
**consolidated **		 473
-
-
473
-
In 2024 all income was unrestricted.
Cathedral only
Facility and other fees
Gross income of the choir school		 434
89
-
-
-
-
434
89
-
-
Income from charitable activities
-
**Cathedral only **		 523
-
-
523
-
In 2024 all income was unrestricted.
5.3
Income from other trading activities
Consolidated
Charges to visitors
Gift Aid on entrance charges
Gross income of Ely Cathedral Enterprises Ltd
and other activities
Lettings of Cathedral or other buildings		 2025
Unrestricted
general
£000
Restricted
£000
Endowment
£000
Total
£000
Unrestricted
designated
£000
935
97
423
571
-
-
-
-
-
-
-
-
935
97
423
571
-
-
-
-
Income from other trading activities
-
**consolidated **		 2,026
-
-
2,026
-
In 2024 all income was unrestricted.
Cathedral only
Charges to visitors
Gift Aid on entrance charges
Lettings of Cathedral or other buildings		 936
97
571
-
-
-
-
-
-
936
97
571
-
-
-
Income from charitable activities
-
**Cathedral only **		 1,604
-
-
1,604
-
In 2024 all income was unrestricted.
5.4
Income from investments
Consolidated
Investments
(note 11)		 2025
Unrestricted
general
£000
Restricted
£000
Endowment
£000
Total
£000
Unrestricted
designated
£000
151
94
148
393
-
Income from investments
-
**consolidated **		 151
94
148
393
-
In 2024 all income was unrestricted, except for income of £95,000, which was restricted and £155,000, which related to the en
Cathedral only
Investments
(note 11)
65
-
-
65
-
Income from investments
-
Cathedral only
65
-
-
65
-
In 2024 all income was unrestricted.

7.
Analysis of expenditure by activity (cont
’
d)
Consolidated
Ministry
Cathedral and precinct upkeep
Education and outreach
Community, parish and congregation
Other costs		 2024
Direct costs
£000
Note 8
Support costs
£000
Note 9
Total
£000
872
1,269
114
3
-
257
206
257
103
19
1,129
1,475
371
106
19
Total expenditure on charitable activities
-
**consolidated **		 2,258
842
3,100
Cathedral only
Ministry
Cathedral and precinct upkeep
Education and outreach
Community, parish and congregation		 872
1,283
114
3
257
206
257
103
1,129
1,489
371
106
Total expenditure on charitable activities
-
**Cathedral only **		 2,272
823
3,095
A split of direct costs between restricted and unrestricted is included in note 8.
8.
Direct costs of charitable activities		 8.
Direct costs of charitable activities		 2025 2024
(i) Ministry Unrestricted
general		 Unrestricted
designated		 Restricted Endowment Total Total
**Consolidated ** £000 £000 £000 £000 £000 £000
Clergy stipends and working expenses 38 - 140 - 178 182
Clergy housing costs 115 - - - 115 97
Services, music & congregational costs 313 - 275 - 588 593
Total direct costs of charitable activities
-
ministry		 466 - 415 - 881 872
In 2024 £138,000 of clergy stipends and £239,000 of services costs were restricted. All other expenditure was unrestricted.
**Cathedral only **
Clergy stipends and working expenses 38 - 140 - 178 182
Clergy housing costs 115 - - - 115 97
Services, music & congregational costs 313 - 275 - 588 593
Total direct costs of charitable activities
-
ministry		 466 - 415 - 881 872
In 2024, £138,000 of clergy stipends and £239,000 of services costs were restricted. All other expenditure was unrestricted.
(ii) Cathedral and precincts upkeep
Consolidated
Major repairs and restoration - -
133		 -
133		 261
Maintenance and interior upkeep 462 2
428		 -
892		 856
Cathedral insurance 137 -
-		 -
137		 119
Precincts, security and garden upkeep 33 -
-		 -
33		 33
Direct costs of charitable activities
-
cathedral and
**precincts upkeep **		 632 2
561		 -
1,195		 1,269
In 2024, £261,000 of major repairs, £467,000 of maintenance and £3,000 of precincts costs was restricted. All other expendit
ure
was
unrestricted.
**Cathedral only **
Major repairs and restoration - -
133		 -
133		 261
Maintenance and interior upkeep 469 2
394		 -
865		 870
Cathedral insurance 137 -
-		 -
137		 119
Precincts, security and garden upkeep 33 -
-		 -
33		 33
Direct costs of charitable activities
-
cathedral and
**precincts upkeep **		 639 2
527		 -
1,168		 1,283
In 2024, £261,000 of major repairs, £467,000 of maintenance and £3,000 of precincts costs was restricted. All other expendit
ure
was
unrestricted.
10.
Investments
Consolidated
At 1 January
Additions
Disposals
Realised gains
Unrealised / (losses)		 2025
Listed
investments
£000
Note 11
Investment
property
£000
Note 12
Total
£000
14,417
241
(2,449)
62
(308)
3,040
-
-
-
-
17,457
241
(2,449)
62
(308)
Total investment assets at 31 December 11,963
3,040
15,003
Cash held for investment 45
-
45
Total investments
-
**consolidated **		 12,008
3,040
15,048
At 1 January
Additions
Disposals
Realised gains
Unrealised gains / (losses)		 2024
13,896
558
(542)
6
499
3,140
-
-
-
(100)
17,036
558
(542)
6
399
Total investment assets at 31 December 14,417
3,040
17,457
Cash held for investment 3
-
3
Total investments
-
**consolidated **		 14,420
3,040
17,460
Cathedral only
Market value at 1 January
Additions
Disposals
Realised gains
Unrealised gains		 2025
2,840
241
(449)
62
140
3,040
-
-
-
-
5,880
241
(449)
62
140
Total investment assets at 31 December 2,834
3,040
5,874
Cash held for investment 45
-
45
Total investments
-
**Cathedral only **		 2,879
3,040
5,919
Market value at 1 January
Additions
Disposals
Realised gains
Unrealised gains/ (losses)		 2024
2,584
558
(542)
6
240
3,140
-
-
-
(100)
5,724
558
(542)
6
140
Total investment assets at 31 December 2,846
3,040
5,886
Cash held for investment 3
-
3
Total investments
-
**Cathedral only **		 2,849
3,040
5,889
Chapter has unlisted investments of £2 which consists of the two ordinary shares held in Ely Cathedral Enterprises Ltd.
Further details are provided in note 23. All other investments are in a portfolio of listed investments.

Cathedral only

Income from investments is analysed as follows:

Consolidated and Cathedral only

16.
Stocks
Consolidated
Consumables
Trading outlets		 2025
£000
17
77
Stocks
-
**consolidated **		 94
Cathedral only
Consumables		 17
Stocks
-
**Cathedral only **		 17
17.
Debtors
Consolidated
Trade debtors
Prepayments and accrued income
Other debtors		 2025
£000
70
206
42
Total debtors
-
**consolidated **		 318
Cathedral only
Trade debtors
Prepayments and accrued income
Other debtors
Ely Cathedral Trust
Ely Cathedral Enterprises Ltd		 70
71
42
19
214
Total debtors
-
**Cathedral only **		 416
18.
Cash at bank and in hand
Consolidated
Bank accounts
Cash in hand		 2025 2024
£000
400
3
403
86
3
89
£000
2,355
1
Cash at bank and in hand
-
**consolidated **		 2,356
Cathedral only
Bank accounts
Cash in hand		 175
3
Cash at bank and in hand
-
**Cathedral only **		 178
Total
funds analysis
-
Cathedral only
Cathedral only
General fund
Music fund
Other funds
Revaluation reserve
Organ fund		 2025
Unrestricted
general
£000
4,165
-
-
912
-
Unrestricted
designated
£000
-
-
-
-
91
Restricted
£000
-
221
1,217
-
-
Endowment
£000
-
-
-
-
-
Total
£000
4,165
221
1,217
912
91
Total funds at 31 December
-
**Cathedral only **		 5,077
91
1,438
-
6,606
Cathedral only
General fund
Music fund
Other funds
Revaluation reserve
Organ fund		 2024
4,126
5
2
912
-
-
-
-
-
93
-
220
1,019
-
-
-
-
-
-
-
4,126
225
1,021
912
93
Total funds at 31 December
-
**Cathedral only **		 5,045
93
1,239
-
6,377
Total funds analysis
-
consolidated
Consolidated
Tangible assets
Investments
Current assets
Current liabilities
Non
-
current liabilities		 2025
Unrestricted
general
£000
777
6,253
1,709
(514)
(231)
Unrestricted
designated
£000
-
-
91
-
-
Restricted
£000
37
4,387
299
-
-
Endowment
£000
-
4,413
670
-
-		 Total
£000
814
15,053
2,769
(514)
(231)
Total funds at 31 December
-
**consolidated **		 7,994
91
4,723
5,083
17,891
Consolidated
Tangible assets
Investments
Current assets
Current liabilities
Non
-
current liabilities		 2024
726
7,755
366
(449)
(264)
-
-
93
-
-
38
4,502
124
-
-
-
5,203
164
-
-




764
17,460
747
(449)
(264)
Total funds at 31 December
-
**consolidated **		 8,134
93
4,664
5,367
18,258

Restricted funds analysis
-
consolidated
Restricted funds
Fabric fund
Donated assets
Maintenance projects
Music fund		 2025
Balance at
1 Jan
£000
485
854
61
3,264
Net movement in
the year
£000
(145)
-
135
(534)
Transfers
£000
-
-
-
603
Balance at
31 Dec
£000
340
854
196
3,333
Restricted funds
-
**consolidated **		 4,664
(544)
603
4,723
Transfers represent grants given to the Cathedral from unrestricted funds of the Trust and amounts transferred to fixed asset
s.
2024
Restricted funds
Fabric fund
Donated assets
Maintenance projects
Music fund
Balance at
1 Jan
£
’000
s
415
854
23
3,268
Net movement in
the year
£
’000
s
70
-
(234)
(335)
Transfers
£
’000
s
-
-
272
331
Balance at
31 Dec
£
’000
s
485
854
61
3,264
Balance at
1 Jan
£
’000
s
415
854
23
3,268
Net movement in
the year
£
’000
s
70
-
(234)
(335)
Transfers
£
’000
s
-
-
272
331
Balance at
31 Dec
£
’000
s
485
854
61
3,264
Restricted funds
-
**consolidated **		 4,560
(499)
603
4,664
Transfers represent grants given to the Cathedral from unrestricted funds of the Trust and amounts transferred to fixed asset
s.
Endowment funds analysis
-
consolidated
Endowment funds
21st Century Endowment
Friends of Ely Cathedral Music Choristership
Tony Blyth Choristership
James Tilly Choristership
Octagon Choristership
Ouseley Trust Choristership
Sinclair Choristership
Rawlinson Fund Choristership
Garfield Weston Choristership
Lantern Choristership
Quanea Choristership		 2024
Balance at
1 Jan
£
’000
s
3,388
73
-
-
220
185
162
330
465
206
338
Net movement in
the year
£
’000
s
(24)
(5)
4
122
(6)
(6)
(16)
(16)
(18)
-
(19)
Transfers
£
’000
s
(300)
-
-
-
-
-
-
-
-
-
-
Balance at
31 Dec
£
’000
s
3,064
68
4
122
214
179
146
314
447
206
319
Endowment funds
-
**consolidated **		 5,367
16
(66)
5,083
Transfers represent grants given to the Cathedral from endowment funds of the Trust.
Endowment funds
2024
21st Century Endowment
Friends of Ely Cathedral Music Choristership
Octagon Choristership
Ouseley Trust Choristership
Sinclair Choristership
Rawlinson Fund Choristership
Garfield Weston Choristership
Lantern Choristership
Quanea Choristership
3,513
74
214
181
159
330
456
194
333
(125)
4
11
9
8
14
23
17
18
-
(5)
(5)
(5)
(5)
(14)
(14)
(5)
(13)
3,388
73
220
185
162
330
465
206
338
3,513
74
214
181
159
330
456
194
333
(125)
4
11
9
8
14
23
17
18
-
(5)
(5)
(5)
(5)
(14)
(14)
(5)
(13)
3,388
73
220
185
162
330
465
206
338
Endowment funds
-
**consolidated **		 5,454
(21)
(66)
5,367
Transfers represent grants given to the Cathedral from endowment funds of the Trust.
20.1
Total return
—
Consolidated
Balance at 1 January
Investment returns (dividend and interest)
Investment returns (realised and unrealised gains/(losses)
Indexation of the capital in permanent endowment for investment		 2025
Permanent
Endowment
£000
2,434
-
-
88
Unapplied total
return
£000
954
93
(127)
(88)
Total
£000
3,388
93
(127)
-
Net movement in year
Unapplied total return allocated to income in the period		 88
-
(122)
(300)
(34)
(300)
Balance at 31 December
Trust for investment/permanent endowment
Unapplied total return
**Balance at 31 December **		 2,522
-
-
532
2,522
532
2,522
532
3,054
During 2021, Ely Cathedral Trust (which is consolidated into these financial statements) took advantage of section 4 of the T
rus
ts Act
2013 to adopt a total return approach to the permanent endowment of the 21st Century Fund. The Trustees met and unanimously
agreed this on 29 April 2021 as being in the charity's interest. Due to the number of professionally qualified accountants an
d l
awyers
within the group, Trustees were comfortable that as a body they had the experience and the expertise to take the decision on
the
basis
of information and advice received without the need for formal external professional advice. This approach has been limited
to
this one
fund and will not apply to any other endowment funds held by the charity. The assets held that represent the value of the or
igi
nal
endowment have been established including any additional amounts that were not the result of the investment. There is no exi
sti
ng
Charity Commission Order on this fund.
The Trustees decided to adopt the total return basis in order to assist the Cathedral with expenditure on Cathedral fabric.
The
Trustees
feel that this expenditure is within the spirit of the original 21st Century Fund.
21.
Cash and cash equivalents and net debt analysis
Cash at bank and in hand
Cash held as investment assets		 At 1 Jan
2025		 Cash flow
£000
1,955
42
1,997
-
33
2,030		 At 31 Dec
2025
£000
2,360
45
2,405
(33)
(231)
2,141
£000
405
3
Total cash and cash equivalents 408
Bank loans falling due under one year
Bank loans falling due after one year		 (33)
(264)
**Total net debt ** 111

Note
Income & endowments from:
Donations & legacies:
5.1
(i)
Donations
(ii)
Legacies
(iii)
Grants
Charitable activities
5.2
Other trading activities
5.3
Investments
5.4
Transfers from endowment
20.1		 2024
Unrestricted
general
£000
Unrestricted
designated
£000
Restricted
£000
Endowment
£000
327
346
43
-
-
-
261
4
404
8
-
-
420
-
-
-
2,378
-
-
-
162
-
95
155
300
-
-
(300)		 Total
£
’000
596
350
447
420
2,378
412
-
**Total income ** 3,976
-
764
(137)		 4,603
Expenditure on:
Raising funds
6
Charitable activities
7/8
(i)
Ministry
(ii)
Cathedral & precincts upkeep
(iii)
Education & outreach
(iv)
Community, parish &
congregation
Other expenditure		 1,592
-
43
-
698
694
275
84
-
7
-
-
431
774
96
22
-
-
-
-
19
-
-
-		 1,635
1,129
1,475
371
106
19
**Total expenditure ** 3,362
7
1,366
-		 4,735
Net income/ (expenditure) before
gains / (losses) on investments		 614
(7)
(602)
(137)		 (132)
Net gains / (losses) on listed investments
11
Net gains / (losses) on property
investments
12		 286
-
103
116
(100)
-
-
-		 505
(100)
Net income/(expenditure)
Transfers between funds
20		 800
(537)
(7)
-
(499)
603
(21)
(66)		 273
-
Net movement in funds 263
(7)
104
(87)		 273
Reconciliation to funds:
Total funds brought forward		 7,871
100
4,560
5,454		 17,985
**Total funds carried forward ** 8,134
93
4,664
5,367		 18,258

Note
Fixed assets
Tangible assets
Investments
14
10		 2024
Unrestricted
general
£000
Unrestricted
designated
£000
Restricted
£000
Endowment
£000

726
7,755
-
-
38
4,502
-
5,203		 Total
£000
764
17,460
**Total fixed assets ** 8,481
-
4,540
5,203		 18,224
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
18		 78
97
191
-
93
-
-
40
84
-
36
128
78
266
403
Total current assets
Creditors: amounts falling due within
one year
19		 366
93
124
164
(449)
-
-
-		 747
(449)
Net current assets/(liabilities)
Creditors: amounts falling due after
more than one year
19		 (83)
93
124
164
(264)
-
-
-		 298
(264)
**Total net assets ** 8,134
93
4,664
5,367		 18,258
The funds of the group:
General fund
Organ fund
Fabric fund
Music fund
Other funds
Revaluation reserve		 7,215
-
-
5
2
912
-
93
-
-
-
-
-
-
486
3,264
914
-
-
-
3,389
1,978
-
-		 7,215
93
3,875
5,247
916
912
Total funds
20		 8,134
93
4,664
5,367		 18,258