st Edmundsbury
Cathedral
The Dean's Report
It is good to be able to present the Annual Report for St EdmL¢nd5bury Cathedral 2023.
The year was one of steady delivery of our core value5- worship, mi55ion. hospitality and 5UStainability. Our
10-year Masterplan sets out the parameter5 of how we deliver our values. and an annual plan sets
measurable targets.
l am pleased our records show that not only have weekly attendances returned to pre-pandemic levels.
but also that attendance, particularly among young families and children. continues to increase.
It has also been a year of consolidation of our structures of governance as we became a charitable
incorporation. adopting new constitution and statutes. with the development of new committees of
Chapter.
The quality of music and worship has continued to improve with impressive levels of chorister recruitment,
the appointment of a full complement of vicars choral and choral scholars and the continued growth of an
All-Ages 9.00 am Sunday service.
The Cathedral continued co serve its diocese, town, and county with significant services to mark the
coronation of The King, the 50th anniversary of the Suffolk Historic Churches Trust, the County Harvest
Festival, the annual Justice Service and regular diocesan service5, as well as special services to affirm lay
mlnistry.
S¢xial justice at the Cathedral continued to develop its work incorporating greater numbers of young
people using The Yard project, as well as the growrh of the Singing Schools scheme. We have progressed
in our work with dementia awarene55, Hope into Action, our support for the Ukralnian community in
Suffoll< and the continued developmenr of Equity, Diversity and Inclusion work and continued our
partnership with Bury St Edmunds for Black Live5.
As you will read elsewhere In the report financial sustwnabiliry contlnues to be a key priority. Generosity,
commitment. and Sheer hard work saw a modest surplus at the year end.
The year ahead has the potential to be one of great opportunity and exciting development. We continue
to build on secure foundations. trusting in the guidance of the Holy Spirit.
Joe Hawes
Dean of St Edmundsbury
Page 3 of 53

, st Edmundsbury:,
Cathedral
Reference and administrative information
Full Name
The Cathedral Church ofstjames and St Edmund, Bury St Edmunds (commonly known a5 St Edmundsbury
Cathedral) Charity number 1202911
Cathedral Office
Angel Hill, Bury St Edmunds. Suffoll IP33 1 LS
Visitor
The Right Reverend Martin Seeley, Bishop of St Edmundsbury and Ipswich
Cathedral Chapter Trustees
The Very Reverend Joseph Hawes, Dean of St Edmund5bury
The Reverend Canon Philip Banks (Canon Precentor)
The Reverend Canon Matthew Vernon (Sub Dean and Canon Pastor)
The Reverend Canon Michael Robinson (Cinon Theologian)
The Venerable Sally Gaze (Archdeacon for Rural Mission)
Mr Mark Pendlington (Senior Non-Executive Member Appointed January)
Mrs Barbara Pycraft
Mrs Terry Stark
Mrs Sue Hughes
Mr Jaime Mellows (Appointed July)
Ms Jane Hiviland Webster (Appointed October)
Mr Paul Torrington (Appointed January 2024)
Mrs Sarah-jane Allison (COO in attendance}
Statutory Post Holders
Legal adviser to the ChGPter.' Mr MWM Batty, Greene & Greene Solicitors, Bury St Edmunds
Chief operL7ting Officer ond ChiefFinonce Officer {COO&CFO).' Mrs Sarah-jane Alli50n
Director of Music.. Mr Timothy Parsons
Pzge 4 of 53

st Edmundsbury
Cathedral
Finance Committee
Mr M Pendlington (Chair, resigned January 2024)
Mr P Torrington (Chair, appointed January 2024)
The Reverend Canon P Banl<s
Mrs Sue Hughe5
Mr Kevin Rooney
Mr Michael Wilde {Resigned February 2023)
Mr Andrew Robinson (Appointed March 2023)
The Very Reverend Joseph Hawes. Dean of St Edmundsbury (in attendance)
Mrs Sarah-jane Allison (COO & CFO in attendance)
Nominations Committee
Mr Edward Wild (Chair)
Mr Gavin Stone
Mr James Cockram
Mr Neil Watts
The Very Reverend Joseph Hawes. Dean of St Edmundsbury (Chapter Trustee)
Mrs Sue Hughes (Chapter Trustee)
Mrs Sarih-jane Allison (COO in attendance)
Risk, Audit and Review Committee
Mrs Judi Newman (Chair)
Mr Jonathan Penn (appointed March 2023)
Mr Justin Rabett (appointed March 20231
Mr Paul Torringcon (appointed March 2023, resigned December 2023))
Mr Chris Cumberbatch (appointed April 2023)
Mr Mark Pendlington (Chapter Trustee)
The Very Reverend Joseph Hawes, Dean of St Edmundsbury (Chapter Trustee)
Mrs S2r2h-J2ne Allison (COO in ittendance)
Page 5 of 53

St Edmundsbury
Cathedral ,
Fabric Advisory Committee
Voting members
Non-voting Members
Mrs R Blackman
The Very Reverend J Hawe5
The Reverend Canon P Banks
In Attendance
Mrs S Cockram - Secretary
Ms A Dickens - Archoeologist
The Reverend Canon M Vernon Mr P Orchard - Cathedral Architert
Mrl Burton
Lady C Carlisle
Dr J Hall
MrWHart
Archivists
Dr J Litten (Chair) Mrs S Cockram
Canon A P13tten
Mr D Medcalf
Mr D Sherlock
Mrs S Medcalf
Auditors
Lovewell B12ke LLP, Bankside 300, Peachman Way. Broadland Business Park, Norwich, Norfolk NR7 OLB
Bankers
Lloyds TSB Bank plc. 9 Buttermarket, Bury St Edmunds. Suffolk, IP33 1 DB
Solicitors
Greene & Greene, 80 Guildhall Street, Bury St Edmunds, Suffolk IP33 1QB
Stockbrol<ers
JM Finn & Co, 60 Abbeygate Street. Bury St Edmunds, Suffolk IP33 1LB
Page 6 of 53

, st Edmundsbury
Cathedral
The Chapter Trustees Report
The Trustees have pleasure in presenting their report and audited consolidated financial statements for
the year ended 31 December 2023. The report and financ121 statements have been prepared in accordance
with the accounting policies set out in the notes to the accounts and comply with the charity's
Constitution, the Charities Act 2011 and the Statement of Recommended Practice (SORP) applicable to
charities preparing their (consolidated) accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Irelandi published in October 2019.
The accounts presented here are the consolidated accounts of the charity and of St Edmundsbury
Cathedr21 Enterprise5 Limited, the company wholly owned by the charity.
Charitable Purpose and Public Benefit
The objectives of the Charity as set out in its Constitution are..
to advance the Christian religion in accordance with the faith and practice of the Church of England,
in particular by furthering the mission of the Church of England
to care for 2nd conserve the fabric and structure of the Cathedril Church building
and to advance any other charitable purposes which are ancillary to the furtherance of the purpose
referred to above.
The Trustees confirm that they have had due regard to Charity Commission guidance on public benefit.
Achievements and Performance Reports
Our sincere thanks and gratitude go to all who make our achievements possible: our staff, volunteers.
commitcee members, chapter, congregation, friend5 and supporter5.
The Cathedral has four key areas of work.. Worship, Mission, Hospitality and Sustainability.
Worship
Worship and Services
Our Cathedral is first and foremost a place of prayer, holy ground, and sacred space. Our Cathedral
worship is the 'heartbeat' of all that we do, routed in Benedictine Spirituality. The Cathedral offers
innovative 2nd experimental worship, and 21$0 breathes new life to our inherited traditions of liturgy which
have fed and nurtured many generations of Christians.
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st Edmundsbury
.-T-->l¥"
Cathedral
The Eucharist is the ultimate healing sacrament of Christ's presence. Cathedral clergy, together with our
supportive retired and auxiliary clergy, have ensured that the sacrament is celebrated daily throughout the
year. Our livestreaming policy ensures that our main woi-ship is accessible online: enabling those who are
unable to physically attend to connect to our worship spiritually.
Our Cathedral mu5ician5. through their hard worlc and creativity, help us express that which goes deeper
in the human spirit than words alone. Our music provision include5 our Singing Schools programme and
our valued partnerships with King Edward Vl School and Bury St Edmunds County High School with
Scholars and School Musician in Residence.
InHarmony has continued to enable connection5 between the Cathedral and wider Diocese and supports
churches with rnu5ic and worship. Thi5 year's hugely successful 'Messy Messiah. production has provided
the building blocks for next years 'Noyes Fludde,. InHarmony's contribution to the music of our weekly
Sunday All-Ages Eucharist and to Diocesan worship has been invaluable. Of the many workshops and events
organised during the year the Pilgrimage of Song and Ordinations were highlights.
Our weekly Sunday All-Age Eucharist is now an established part of our Sunday worship. Our regular round
of worship continues to include weekty meditation and mindfulness, a weekday healing service, and a
monthly dementia-friendly service. In addition to this the Cathedral hosted numerous special services for
the county. community. and Diocese. including a service to mark the Coronation and opportunities to
support the Ukrainian community. Additionally* thousands of people pause in our Cathedral to pray or
light candle5.
Music
2023 wa5 another action-packed year and one which saw our progrimme Continue to expand and develop.
Our boy and girl front rows are flourishing. By the end of 2023 we finally reached a stage where we were
oversubscribed for choristers
with 44 children on the books (40 was always the aiml, divided evenly
between boys 2nd girls. There is a healthy interest in chorister places, and it seems likely our number5 will
continue to grow.
The Cathedral Choir has grown in musical confidence and stature: we have added new and challenging
repertoire, undertaken several concerts, and are due to make a recording with the Regent label. A tour of
Normandy is scheduled for April 2024. The Friend5 of the Cathedral Choirs have been extremely active in
their fundraising. and we're indebted to the committee and volunteers for their tireless efforts which enable
U5 to do such exciting opportunities.
During 2023 the Cathedral completed it5 process of appointing six professional singers to the choir. With
two each of altos, tenors 2nd basses, we now have a foundation on which to build for the choir's future.
Our voluntary Lay Clerks continue to make a valuable contribution.
Page 8 of 53

, St Edmundsbury
yfir.,.'k'R.kW;,;,'
Cathedral
The St Edmundsbury Singers have also grown in number and have performed at several of the highest-
profile liturgical events of the year, including Midnight Mass, the Requiem for All Souls, and the Easter Vigil.
January 2023 saw their first performance of Britten's A Ceremony of Corols.
The Youth Choir Continued to offer young singers an opportunity to sing to a high level following vocal
change. This group 15 gaining a reputation for its fresh. pure sound and a recent highlight has been an act
of meditation for Holocaust Memorial Day.
June 2023 saw the official launch of a very important strand of the music department's worl4 namely the
Singing Schools programme. In November 2023 we undertook our m05t ambitious project to date, a unique
and creative performance of part one of Handel's Messiah. Messy Messioh involved around 200 children
from across the county.
Chlldren. Families and Young People
Children, families, and young people continue to be an integral part of life at St Edmundsbury Cathedrd. A
ceam of volunteer5 runs the Friday morning Young Families group for pre5chool-aged children and their
carers. During 2023 we also continued to run short sessions of Diddy Disciples alongside Young Families.
very successful 'Messy Easter, was held in the Cathedral during Holy Week, and we welcomed
approximately 30 children with thelr famllies to participate in a range of activities.
Our Vision for Young Worshippers encourage5 and supports children and young people both to grow in
and to lead us in our liturgic￿ life. Our boy and girl chori5ter5 lead sung worship, others offer prayers and
readings. some participate as acolytes and in the role of subdeacon. With its special focus on children and
families. the weekly ￿MInute 9.00 am All-Ages Eucharist is flourishing and is helping us all to grow deeper
in f￿ch. Children and young people are invited to carry the cross and candles at the beginning and end of
the service and they offer a range of insights to our conversations as we strive to discern together the
ways in which we live as people of faith in che world today.
A team of leader5 and helpers runjunlor Church during the 10.30 am service on Sunday mornings. Thirteen
children and young people were baptised during the year. eight were prepared for and admitted to Holy
Communion, and one young person was confirmed. We work hard to encourage children and young
people to find their voices and understand that the cathed￿ is a place for them. Children and young
people enrich the life of our Cathedral community and we do well co listen to and learn from the youngest
among us.
Page 9 of 53

st Edmundsbury
, Cathedral
Misslon
Inclusive Cathedral
In May 2023, the Cathedral once again marl<ed Dementii-Friendly Sunday. Our dementia-friendly activities
include the monthly Together on Tue5day5 la simplified Communion Service for people who find a Sunday
Service overwhelming). We contributed to our Socal MP'S Dementia Awareness and Signposting Event in
October, and we were a filming location for part of the County Council's virtual reality project for people
with dementia. As an Inclusive Cathedral, we continue to celebrate that all people are created equal by
God.
The national church's decisions about equal marriage mean we can no long offer stand-alone blessings of
same-sex relationships, but we are allowed to celebrite with couples during our regular services. We
pursue these issues because we aim to welcome and treat Lll people fairly, irrespective of age, disability,
partnership, pregnancy, religion or belief, race, gender or sexual orientation. In this we seek to work with
other organi5ations that promote inclusivity, challenge prejudice, address ignorance and tackle hate crime.
Social Action
Our Social Action Group oversees the Cathedral's wide-ranging activity in the community by committed
staff and faithful volunteers. The Cathedral. working with partners. contribute5 to compassionate action in
the community in Several ways. In 2023, I family supported by the Cathedral moved into a house in Bury
St Edmunds, bringing to fruition our Hope Into Action project (a national charity that works with churches
to provide housing for people in need). The Cathedral continues to support local foodbanks as well as the
churches in our linlc Diocese of KageN Tanzania. The Social Action Group includes a Chapter member
and an Honorary Canon with social action expertise in the county. The group acts as a "think-tank"
supporting projects delivered by staff and volunteers.
Learning
ThroLtgh a Succession of School visits, themed family activities during the holidays, and community group
visit5 such as Beavers and Cubs throughout the year and, the Learning Hub connected with around 2,500
young people and their accornpanying adults.
Our popular holiday family activities were well attended. often with three generations of a family involved
in the crafts. The themes for 2023 were an Elizabethan Experience, Ignite, Elements, Remembering and
Christmas. After each session families also left artwork to put on pane15 depicting seasons in the church
year, such a5 Pentecost. The Learning Hub team also created and organi5ed craft activities for Messy Easter,
Heritage Day. Summer Fair, Suffolk HarYe5t, and the Christmas Market.
Page 10 of53

St Edmundsbury
Cathedral
During 2023, we had 365 spaces filled by young people over 212 sessions. Since partnering with innov8 in
June, we have used the Yard most weel<days as well as in the holidays. Of the 98 young people who
completed a Generic Wellbeing Survey after their Yard session 78% gave a top wellbeing score of between
25 and 30130 and 22% gave a response of between 20 and 25130.
Hospitality
Visitors
Visltor numbers in 2023 reached nearly 73,500. This demonstrates our continued growth since the
P2ndemic and an uplift on the number of visitors in 2019. With an increased number of volunteers involved
in roles such 35 welcome scewards, guide5, and chaplain5, we have been able to fill the rotas more
Successfully. The friendly, welcoming presence of volunteers malces a huge difference to our visitor
experience.
The Cathedral relies on donations from visitors as a parc of its income and efforts were made to improve
this in 2023 by repositioning the donations boxes and other interventions. This increased the average
donation per person to 74p.
Guided tours and tower tours were popular, and more booking5 were possible now that the guide team
is at full strengch. The guides also offer se55ions where they are 'on duty, to answer questions and chat to
visitors informally. Heritage Open Days were extremely popular with the Ancient Library and Norman
Tower open to visitor5. Changing exhibitions in the Treasury and occasionil exhibitions in the Cathedral
and c1015ters mean visitors are assured of Something new to see on each vislt. A highlight was the loan of
the Bury Psalter. giving a rare opportunity to see this beautiful manuscript written in the Abbey of St
Edmund.
The LEGO model continues to grow, though there is still some way to go to completion. It is a good
tall<ing point and generates a lot of interest amongst visitors of all ages.
A serie5 of Twilight talks was programmed in the autumn, offering a talk by a specialist followed by a
thematically linked tour by torchlight. These enriching and entertaining evening5 focussed on the
development of the building.
New themed leaflets were introduced following on from the success of an Advent 'Ange15' leaflet in 2022.
Visitors were encouraged to follow a trail linknng our 'Royal Connections, and 'Food and Drink., exploring
stained glass, statues, and artwork. The non-English Welcome leaflets were all updated in 2023, thanks to
che help of one of our linguistically gifted volunteers and a young Ukrainian student. As well as a print
version, visitors are encouraged to use a QR code to access a leaflet in their own language.
Page 12of53

st Edmundsbury
Cathedral
Workshop highlight5 have included: working in partnership with the Bury Records Office to deliver a Bury
Psalter workshop, a Travel and Tourism Masterclass, an internal Welcomers Advanced workshop and
Twilight Tall(s and Tours. Values wor1<5hops were designed and delivered for st2ff.
During Lent we coordinated another successful series of guest speakers with 90 people joining online each
week. A coronation prayer space and a Godly Play taster day were also organi5ed, as well a5 providing a
liai50n role for both the Diocesan Education Service and a Crime and Punishment showcase for schools.
In November. we provided the concept and co-ordination for an engaging creative project to decorate the
Cathedral with colourful banners for the Messy Messiah performance. Several schools ind the Cathedral's
junior church and choristers created this artworl<. During the Christmas period, visitor5 to the Cathedral
hung stars with their hopes for 2024 on our multicoloured tree.
The Yard Project
This is a trauma-informed youth provision supporting young people with a variety of identified need5, from
neurodiversity to refugees to children eligible for free school meals. Our team consists of the Project Lead,
two part-time 5UPPOrt workers and a small number of professional Yolunteers. The Yard is a space of
welcome. refuge and learning.
We developed our existing partnerships with Suffolk 4YP. Suffolk Family Cirers Young Carers, Outreach
Youth, 2nd Access Community Trust youth centre. and started our weekly gardening club with King
Edward Vl High School Intervention Team. In June. we entered a new partnership with Innov8 Workshop5,
an alternative education provider based in Rougham. We now offer 10 hours a week of one-to-one
horticultural mentoring to some of the harde5t-to-reach young people and those most at risk of
exploitation.
We continued to run sessions funded by the Holiday and Activities Food Programrne for young people
whose families are eligible for free School meals or have another identified need. In consulcation with young
participants, we hosted a Halloween movie night, trialled new recipes in our outdoor cooking project and
introduced art 2nd circus workshops in the summer break. We also hosted a free. accessible family show
in the Cathedral which attracted an audience of 70 children and adults.
We started our Tuesday after-school volunteering sessions for participant5 in the Duke of Edinburgh
Award scheme ind trialled Friday after-school sessions for Mindfulness and Emotional Resilience. Overall.
we enjoyed a creative, inclusive and fulfilling year of group activities and one-to-one 5es5ions meeting the
needs of our young community.
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st Edmundsbury
Cathedral
In September, the final face-to-f2ce visitor interyiews tool< place, which contributed to a year-long visltor
survey set up with the Audience Agency and the Association of English Cathedrals. The data has been
analysed and gives valuable insights into our vi51tor5. This will be used to inform our planning and
programming for vi51tors in the future.
Volunteer5
Approxim2tely 300 xctive volunteers form the Guild of St Edmund, the Cathedral's body of volunteers.
The number of volunteers fluctuates over the year a5 some volunteers retire. A good number of new
volunteers from the local area 2nd further afield have joined, offering to get involved in different roles. We
had a particularly good response to our request for new chiplains to be on duty supporting visitors.
The Guild Committee is attended by a representative of each volunteering group. They met three time5
over 2023 to discuss volunteering matters and enjoyed special behind-the-scenes tours. Long service
awards were presented, and new volunteers welcomed. The Edmundtide gathering gave the opportunity
to enjoy lunch and conversation together followed by a talk
Several volunteers undertook the Welcome Host customer service training course. Many joined a very
informative session on understandin£ dementia, from the perspective of frontline customer service. The
guides meet regularly to study topics and enhance their knowledge.
A number of young people have taken up volunteering roles in 2023, including 2 15-year-old helping with
the LEGO project as part of his Duke of Edinburgh award. College student5 have done work experience,
including shadowing staff and working alongside volunteers to learn vital skills.
Abbey of St Edmund Heritage Partnership
To assure a sustainable future for the Abbey of St Edmund. an application to the Nitional Lottery Heritage
Fund (NLHF) submitted in November with the Cathedral, West Suffolk Council, and English Heritage
working together as members of The Abbey of St Edmund Heritage Partnership to develop and deliver a
major project.
The Hericage Partnership comprises of 29 organi5ations and individuls who care about the Abbey. The
partnership aims to encourage people to experience the international significance of St Edmund and the
historic Abbey, and to ensure the Abbey will inspire all its visitors through excellent conservation, learning
and communiry engagement. The Abbey area is three time5 the size of the Abbey Gardens and includes
the Cathedral and it5 anci112ry buildings, as well as the Great Churchyard with St Mary's Church and the
Water Meadows. Members of the parcnership include experts in heritage, p12nning* archaeolo8y, academi2,
and local history.
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st Edmundsbury
Cathedral .
Sustainablllty
One of the primary ways in which the charity raises fund5 IS through donated profits from the commercial
success of Enterprises Ltd. Their aim is to 5UPPOrt the mission and ministry of St Edmundsbury Cathedral
financially through profit. ren￿ income and supporting with operating costs for the centre. They also
provide a warm welcome enhancing the overall experience of those visiting the Cathedr21. Pilgrim5'
Kitchen, the Cathedral Shop and Tourist Information Poine are open seven days a week
Edmund Room
The Edmund Room is a space used extensively for Cathedral use but brings in a small amount of revenue
from external hire for functions and meetings.
Pilgrirns. Kltchen Restaurant
Pilgrim's Kitchen is open to the public during the day and available for private dinners and functions in the
restaurant. It caters for events in the Cathedral and Edmund Room on a regular basis.
As the cost-of-living crisis took hold and inflation soared, it became challenging for 2023 to maintain the
profit rnargins. However, we continued to offer great value whilst ensuring that margins were at a level to
reali5e the expected profit targets. We achieved a turnover 23% higher than in 2022 and our profit
exceeded budget by 160%. a 130% increase compared with the previous year.
The Shop
Although The Shop relies heavily on the sale of gifts to maintain our margins, we also see it as an important
part of our role to continue to Supply church requisites, religious books. and cards to the local community
and churches who come throughout the year for items such as palm crosses, paschal candles, and
communion wine.
Increased trade resulted in the highest annual turnover to date for The Shop despite difficult trading
conditions for the high street which continued from 2022. Increased stock costs and the average customer
having le55 disposable income meant we had to adjust our ranges and prices accordingly.
The table below shows that we have exceeded pre-pandemic turnover and ￿thoUgh the number of
transactions ha5 decreased this has been offset by an increased average spend. This has been achieved
through careful product selection and visual merchandising, made much easier artd more successful by
improvements from the shop refit in 2022.
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St Edmundsbury
Cathedral
Number of
Transactions
Year
2019
2020
2021
2022
2023
Turnover
Average Spend
£9.80
£11.69
£11.84
£12.21
£12.27
1194,050.79
£81,303.37
£129,473.73
£183,585.39
£195,412.30
19784
6951
10933
15024
15925
Cathedral Fabric, Property and the Environment
Our Facilities and Maintenance Verger undertakes or manages the many small and large ongoing
maintenance projects. This includes contractual maintenance and overseeing larger projects such as new
Treasury display cases, lighting protection improvements, and electrical repairs. With support from our
Cathedral Architect, project5 this year have included the renovation of one of our Cathedral domestic
properties, the continued gradual replacement of lighting and heating across our building5, and Cathedral
exterior stonework repairs. Planning for the installation of PV panels on the Cathedral south-facing roofs
is part ofthe Eco St Eds group work which is hoped to be completed in 2024.
Having achieved our Silver A Rocha Eco Church award, we aim to be consistent about our environmental
message. We continue to encourage our congregation 2nd others in our Diocese through our Green Tips
in the weelcly Bulletin. Our many activities and succèsses in the last year include-
A Mini Meadow on the Cathedral garth
Purchasing environmentally friendly cleaning products only
Holding a yearly Climate Sunday Service
Supporting other initiatives such as Earch Day
Achieving great strides in the Solar Panel project.
We have achieved gold status in three of the five categories of the Eco Church Gold award ar)d hope to
succeed in getting our Gold Eco Church 2ward in the near future.
Events
2023 saw the busiest year ever with a broad range of events, including dinners and concert5. Highlight5
included Suffolk County Council's 'Young at Heart,, Bury Bach Choir, the Aldeburgh Festival, G4 at
Christmas, London Concertante, and tribute band 'Queen by Candlelight.. The Cathedral Choirs
performed summer and Christmas concert5. For the first time we hosted a wedding fayre, Silent disco, and
gin festival. The East Anglian Beer and Cider Festival took place at the Cathedral for the third year and our
Christmas Market was another huge success welcoming approximately 12,000 people over three days.
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st Edmundsbury
Cathedral
Philanthropy & Membership
A major focus for 2023 was the inaugural 'Grand Nave Dinner, which was a wonderful night of dinner,
dancing, entercainment, and auction for 220 people. The £52,000 ra15ed surpassed expectations and will be
spent on three vital are￿ of our mission: social outreach. music, and fabric. The evening would have been
impossible to host without the generous support of our sponsors, event partners, and auction donors. We
are so thanl<ful and excited about the new friendships and relationships with town and county that were
built on the night.
Legacies have been a focu5 in 2023 with the aim of building awarene55 of 'leaving a gift in your will.. No
matter how Small or large, every gift in every will makes 2 difference and we have run two Legacy Sundays
and provided printed materials to help Spread the word among the congregation and wider community.
Patron numbers have remained steady. A hugely enjoyable part of the scheme is connecting and getting to
know Patrons at our special events. Highlights included a private viewing of the Bury Psalter. the Gabrielli
Consort in performance a5 part of the Aldeburgh Festival with a reception at the Deanery, and festive
mulled wine ind whiskey receptions over the Advent and Christmas period.
Marketing and Communications
After implementing new practice5 in 2022 such as the content calendar, events email and social media
advertising, 2023 was the year for carrying on these marketing initiatives and seeing growth.
This growth has come from our Social channels where we've had an average of 12% increase in followers.
We also saw a good increase in those on our email mailing list with 24°A growth of those who want to
hear from us about our events. This means marketing to an engaged audience who will purchase tickets
and attend our variety of event5. Although the average cost per click went up to 19p in our Social media
advertlsing, we made a net income of £15.393.24 on events advertised, against a spend of £842.11. We
made 2 small increase in web51te visitor5 in 2023 and Saw trend5 emerging in our most popular page5 which
remain, 'what's on,, 'worshiplservices', 'plan my visit., 'Christmas Market. and 'Pilgrims' Kitchen,. We
maintained a decent spread of media coverage, 152 pieces, without any major headline events le.g. Abbey
1000) and pushed on branding work such as building signage and vi51tor item5.
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I St Edmundsbury
Cathedral
Plans for the Future
The Cathedral, The Abbey of St Edmund and West Suffolk
To assure a sustainable future for the Abbey of St Edmund, an application to the National Lottery Heritage
Fund (NLHF) was submitted in November with the Cathedrai, West Suffolk Council and English Heritage
working together as members of The Abbey of St Edmund Heritage Partnership to develop and deliver a
major project. At the time of writing, we do not yet know if our application for a Stage 1 grant has been
successful. Should we be awarded funds, a two-year process of development of a plan to conserve and
safeguard the Abbey Ruins, restore pathway5 and signage, provide a Heritage Welcome Centre on the
Cathedral estate, and develop an enhanced visitor, pilgrimage and learning offering will constitute a maior
development in the life of the Cathedral. Bury St Edmunds, and West Suffolk
Worship and Music
By the time of the publication of this Annual Report, the Cathedral will have appointed a new Director of
Music to replace Timothy Parsons to whom we bid a sad but grateful farewell a5 he moves to be Director
of Music at Wells Cathedral. Tim's successor wll build on the excellent record of recruitment,
Strengthening of music and outreach through the Singing Schools programme which Tim and the music
staff have begun. We look forward to a major production of Noye's Fludde in November.
The strengthening and development of the 9.Tr) am Sunday All-Age5 Service is a priority, a5 is the
development of the offering of weekday and Sunday Choral Evensong.
Learning and Discipleshlp
The appointment of an Interim Learning Manager gives the opportunity to further develop courses and
opportunities for learning among the Cathedral and wider Diocesan community, through the inspiration of
our Benedictine heritage, occasional lectures and courses, and the conscious developmenc of the 'public
forum, component of the Cathedral's outward-facing stance.
Equity• Diversity and Inclusion
The development of the Cathedral as host to The Open Table Network will enhance our Inclusivity, as will
further partnership with Bury St Edmunds on the development of town and Cathedral as 'dementia
friendly., In addition. further work on developing the Cathedral as a 'Healing Hub, will harmonise with our
work proactively co welcome and provide a spiritual home for those who come to us in need.
Page 17 of53

St Edmundsbury
A Cathedral
FinancTal Sustainability
Continued close monitoring of budgets. creativicy in fundraising, the development of a 'sugge5ted donation,
model with the employment of paid Welcome As51Stant5, continuing the good work done in encouraging
all members of the Cathedral community to be in planned giving, encouraging gift5 in wi115, and further
development of Philanthropy and Membership will be part of the strategy to end each financial year in
surplus. This enable us to transfer sufficient funds to reserves 50 that we can hold at least three months
running costs in investments.
Environmental Sustainability
Work towards the installation of solar panels on the 50Uth aisle and Lady Chapel roofs will require
further development and fundraising in 2024-5, as will fLtrther work towards 'A Rocha, gold certification.
We will continue to engage with che Cathedral community and Diocese around individual green
commitment5.
Structure, Governance and Management
St Edmundsbury Cathedral achieved registration as a charity on 2 May 2023 and are now registered with
charity number 1202911. Our Chapter members are now Trustees within the meaning of the Charities
Act 2011. The Constitution and Statute5 provtde the legal basis for the charitable and ecclesiastical
functions of the Cathedral, which at it5 heart is a Christian community united in worship together with the
Bishop and the Diocese of St Edmundsbury and Ipswich. As a Parish Churth Cathedral, we have an Electoral
Roll compiled in accordance with the Church RepreseTktation Rules. The Annual Parochial Church Meeting
took place in April 2023. at which the year-end total membership on the Electoral Roll stood at 353.
Chapter
The Chapter is our governing body and is regulated by the Charity Commission as well 2s by the Church
Commissioners. All member5 of Chapter must comply with both charity law and ecclesiastical law.
Chapter consists ofthe Dean (Chair), the Senior Non-Executive Member (SNEMI appointed bythe Bishop
(Vice Chair), two executive Residentiary Canons, one non-executive Residentiary Venerable, one
executive Canon. and five lay non-executive members including two members from the congregation due
to our status as a Parish Church Cathedral.
The implementation of the Cathedrals Measure 2021 prescribed that Chapter is supported in its work by
three group5.' Nominations Committee, Finance Committee 2nd Risk, Audit and Review Committee. This
is known collectively as the Committees of Chapter.
Page 18 of53

As..? St Edmundsbury
Cathedral
Committees of Chapter
Nomination5 Committee recommends to Chapter the appointment of individuals to Chapter
and their committee5, ensuring that all appointments are fair and transparent, keeping under
review the skills, knowledge, experience and diversity among member5 of each committee.
Finance Committee is concerned with the finances 2nd accounts of the Cathedr￿. It makes
recommendations to Chapter in relation to its budgeL financial processes and policies.
Risk, Audit and Review Committee brings independence of approach to monitoring and
recommending on the Cathedral's risk management and its audit function.
The Senlor Management Group
The Dean. Canon Pastor, Canon Precentor, Chief Operaiing Officer, Canon Theolo&Tan, Enterprises
Director and Curate are members of the Senior Management Group. They meet weekly to-
prioritise and make operational decisions
take strategic, financial and risk issues to Chapter
ensure stracegic decisions made by Chapter are implemented
support Chapter by implementing theii. policies and procedures.
The College of Canons
The College of Canons rem￿nS in place and Is highly important, but no longer has any responsibility for
the governance of the Cathedral. The College of Canon5 comprise5 the Dean, the Suffryan Bishop of the
Diocese. the Canons (lay and ordained) of the Cathedral, and the Archdeacons of the Diocese.
The functions of the College are as follows:
to receive and consider the annual report and audited accounts of the Cathedral
to discuss such matters concerning the Cathedral as may be raised by any of its members
to draw any matter to che attention of the Dean.
In 2023 the now 46-member College installed eight new canons: George Gittus, Francis Young (Lay)., Jason
Vinyard (Ecumenicall,. and Stuart Batten, Charlotte Cook, John Thackray, and Simon White
(Honorary). The College is a forum for reflection, advice, and advocacy across the diocese and
county. Modelling both the current context and what we aspire to become. the canons represent the
breadth of Suffolk life.. arts, third sector. education. law, healthcare, medi< and social justice.
Fabric Advisory Committee
Under the Care of Cathedrals Measure 2011, the Fabric Advisory Committee is an independent statutory
committee and is responsible to the Cathedrals Fabric Commission for England. It considers applications
from Chapter in regard to proposed development of and changes to the Cathedral'5 fabric.
Page 19 of 53

St Edmundsbury
Cathedral
The Cathedral's Role In the Diocese
The Cathedral is the mother church of the Anglican Diocese of St Edmundsbury and Ipswich. which was
created in 1914. It is the seat of the Bishop and a centre of worship and mission. The Cathedral 15 used
for major Diocesan services, such as ordination5 and in5tallatior15, and by the Diocesan Synod. It is also
used by the Diocese as a venue for civic events, concerts. ceremonies. lectures, hospitality, and 50Ci
events.
Related Entitles
Enterprises Llmited
St Edmund5bury Cathedral Enterprises Ltd is a registered company that 15 responsible for running the
commercial activities of the Cathedral, namely the Shop. Pilgrims, Kitchen RestauranL and the Edmund
Room. The Company is run by a board of directors comprising of clergy and lay member5 of the Cathedral
community ind external Members who bring a variety of business Skills. Enterprise5 Board members are S
Alderman, P D Bedford, A P Cooper, L Robin50n, The Very Reverend J Hawes. the Reverend Canon M J
Vernon. and M D Winter.
Trusts
The following independent trusts support the Cathedral and its work: The St Edmundsbury Cathedral
Trust, the Friends of St Edmundsbury Cathedral, the Friends of the Cathedral Choirs, and the Ve5tey Trust.
Although associated entities. they are not controlled by the Chapter. Their results are not included in the
consolidated financial Statements, but a summary of their account5 15 shown.
St Edmundsbury Cathedral Trust
St Edmundsbury Cathedral Trusc is 2n independently constituted charity re8ulated under the Charity
Commission whose charitable object5 are..
The application of funds or property to the support of such charitable purposes connected with the
Cathedral as the Director5 shall, from time to time in their absolute discretion, determine
The application of funds or property to such other charitable purposes as the Directors shall from
time to time determine
The Trustees are The Very Reverend J Hawes. Mr M Pendlington. Mr D Spark and The Reverend S
Geile5key. The Tru5t'5 registered charity number is 1156695.
The Frlends of St Edmundsbury Cathedral
Founded in 1942, the Friends of St Edmundsbury Cathedral is an independent charity. Its objective is to
support the Chapter in its work by adding to the fabric and beauty of the Cathedral. In recent years. they
have supported projects such as the West End furnishings, Bishop's and Dean's stones and new Altar
frontal and dossal for the Lady Chapel.
Page 20 0153

, St Edmundsbury
é Cathedral
The Friends of the Cathedral Choir
The aims of the Friends of the Cathedral Choir, chirity number 1146575, are as follows:
The advancement of the Christian religion by providing support and grants to the St Edmund5bury
Cathedral Choir
To promote education and training in choral singing for members of the St Edmundsbury Cathedral
Choir through sUPPOrt ind grants
To promote the art of choral music for the public benefit.
The Vestey Trust
The R.A. Vestey Trust is a charity Set up by the Vestey family in 1991. The purpose of the trust is to
support mllsic and music education in the Cathedral. The capital of the trust is invested, and the interest
is used annually to Support those areas highlighted by the music department.
Risli Management, Reporting and Monitoring
Chapter is aware that, as a Cathedral, St Edmundsbury Cathedral is a complex organi5ation and is exposed
to a number of risks
financial, legal, and reputational. Chapter is ultimately responsible for:
regularly reviewing and assessing the risl(s faced by the Cathedral in all areas of its work
ensuring effective and adequate risk management
ensuring internal controls are in place to manage risk exposure appropriately.
Chapter recognises that any risk m2nagement system can only identify, mitigate, and manage risks, but not
eliminate. Risk management can provide only reasonable, and not absolute, assurance against loss.
Chapter is supported in this assessment of risk by the Senior Management Team and the Finance
Committee, of which the members pay particular attention to fin2n¢ial risks. The Risk, Audit and Review
Committee loolc at the overall risk profile of the Cathedral's activities, providing that independent
expert15e with the ability to question and challenge.
In March 2023 Ecclesiastical, the Cachedral's insurers, worked with the COO in developing our strategic
risk management processes and procedure5 and held 2 development training day with Chapter Trustees
and members of the Risk, Audit and Review Committee.
The cathedr￿ risk register continues to be reviewed by Chapter and the Risk, Audit and Review
Committee and is regularly updated by the following committee5 who assess and manage the risks: Finance,
Snformation Protection, Safeguarding, Health and Safety, Ind Communications. The Senior Management
Team update5 the sections on Mission and Ministry, Governance, Human Resources, Music and Liturgy,
Buildings, Projects and Development. and Fundraising.
Page 210153

st Edmundsbury
Cathedral
Chapter also draws on external expertise in its management of risk. including our legal advisers, iuditors,
and insurers.
The Cathedral strives to have an open culture in which staff are encouraged to see management of risk as
a key operational responsibility and take appropriate action for ensuring effective 2nd proportionate risk
identification is in place within their designated areas.
Chapter Trustees confirm that we have complied with the duty of the Church of England Safegu2rding and
Clergy Discipline Measure 2016 to have due regard to policy and guidance issued by the House of Bishops
on matters relating to safeguarding.
St Edmundsbury Cathedral..
is committed to safeguarding all those who attend worship and other activities that we offer
accepts the prime duty of care for children and vulnerable adults
follows recommended safeguarding practice in recruiting. training, and supporting our ordained and
lay ministers, our employees and our volunteer5
follows advice, guidance, policy and practice of the Church of England in promoting a safer church
will respond to concerns and allegation5 Wlthout delay in accordance with Diocesan Safeguarding
Procedures.
Safeguarding policies and procedures are in place and kept under review by the Safeguirding Committee
who are.. Karen Galloway, Diocesan Safeguarding Officer who advises and works with the Cathedral on
safeguarding matters- Sarah-Jane Allison, Cathedral's Safeguarding Officer,. Matthew Vernon, Priest with
Pastoral Charge for Safeguarding. Barbara Pycraft, Chapter'5 Safeguarding Lead. Drew Parnell, Cathedral's
Human Resources and Safeguarding Administrator. and Mary Memarzia, Independent Member.
The care and protection of children, young people, and vulnerable adults involved in Cathedral activities is
the responsibility of the whole Cathedral. Everyone who participates in the life of the Cathedral has a role
to play in promoting a safer Cathedra for 211.
Chapter is aware that as we work with children and vulnerable adults on a daily basis and in various ways,
safeguarding is and will remain a significant legal, financial, and reputational risk to the Cathedral.
Information protection and health and safety is relevant in all areas of Cathedral life. The Information
Protection Group and Health and Safety Committee are responsible for monitoring and advising Chapter
Trustee5 and ensuring we remain complianL
The Trustees confirm that major risks have been reviewed and systems or procedure5 have been
established to manage those risks.
Page 22 of53

st Edmundsbury
Cathedral
Fundraising
The Cathedral rnanages all fundraising through the internal team and does not work with external bodies
worl<ing on our behalf. In 2023, we received no complaints regarding our fundraising activities.
St Edmundsbury Cathedral Fundraising activities are always governed by our 'Ethical Fundraising Policy,.
The purpose of this policy is to record the basis on which the Cathedral will or will not pursue and manage
donations. The fundraising department regularly refers to the Fursdraising Regulator's Code of Fundraising
Practice.
To protect vulnerable people and members of the public from intrusion and per5iStent approaches. all
contact with donors..
Is logged and tracked securely using the fundraising database
Is sent by the in-house fundraising team directly
Is made through phonelemaillpost 2 maximum of three times a year but usually only annually
All correspondence contains clear instructions on how a person can be removed from mailing lists
member of the fundraising team will attend all events to ensure that that they are being
appropriately run.
Where concerns are raised that the donation might come from an individual or individuat5 considered
vulnerable and are therefore acting without sufficient agency, the cathedr￿ reserves the right to refuse
the gift.
Chapter is always aware of the need to generate sufficient income to enable St Edmundsbury Cathedral to
continue its work and we engage in fundraising activity to support the Cathedral's ongoing mission and
ministry.
In 2023. we were delighted to be awarded the following grants for music from Ousley Trust (£2,000),
Doyly Carte (£3,000), Cathedral Music Trust {£5,000), and F Kirby Laing Charitable Trust (£3,000). The
Yard received £10,000 from TNL Community Fund and £1,000 from the Chapter Mi55ionary Donation.
Financial Review
Income
All our income is greatly appreciated and is used to support our charitable mission, as well as providing
enhanced benefits for visitors and generations to come.
Grunts in support of mission
The Church Commissioners offered an important contribution towards the Cathedral finances by providing
sustainability grants towards lay salaries and the stipends for the Dean and two re5identiary Canons,
totalling £297,720 in 2023. The Benefact Trust recurrent grant beneficiary of £21,875 was 21s0 received.
Page 23 of 53

St Edmundsbury
Cathedral ,
Stewardship
The C2thedral Community shows contributions from congregation donations, planned to give and
collection giving of £175,464, including £500 from the Suffolk Arts Society.
Patrons
Our 82 patrons supported our mission, ministry, and music by contributing a vital £31,435. Our patron
membership continue5 to be the cornerstone of our fundraising with our members being a mixture of
individua15, couples, and corporates from town, county and further afield.
Legocies
We give thanl(s to those who havelare remembering St Edmundsbury in their will. No matter how large
or small, every gift in every will makes a difference. Received legacies in 2023:
Gill Ganzoni (£10,000)
Frank Buzzard {£4.000)
Visito
Visitor income remains a chailenge. The average donation of 74p per person brought us an income of
£81,352. The Lego Project brought in an additional £10,385.
Events
We had budgeted for an income of £90.680 and are delighted to end the year with a totai of £156.098.
Rent(71 Income
Throughout 2023 the Cathedral received rental income for the East Wing of the Deanery known as
Clopton Cottage and partway through the year rental income from 3 Crown Street to the total sum of
£45,187. Additionally, we received £24,904 relating to Diocese contribution to 3 Crown Street from 2016-
2022 for their one-sixth ownership.
Commercial Property
We have three commercial units that are let out to an Estate Agent. Optician and Art Gallery. In 2023,
they provided an income of 145,857.
Investment5
CCLA manage the assets of our investment porcfolio for which the St Edmundsbury C2thedral Trust
oversee and advise Chapter on. At the end of the year, we held £131,934 (£110,893 end of 2022) with the
Church of EngSand Investment Fund. These funds generated 2n income of £3,676.
Page 24 of 53

..j'.4YiWJY.'
F St Edmundsbury
Cathedral
Expenditure
cathedr￿ expenditure for 2023 was £1,227.993 compared with £1,387.829 in 2022.
Employment costs equate to 53%. Cathedrnl Property, including utilities. equates to 20%. Remaining costs
come from the provision of music, learning and marketin8.
The Cathedral contributes financially to the local, national and international community by giving funds to
a variety of charities nominated by the Sociai Action Group and approved by Chapter.
Cash and Operational Reserves
The objective of the Chapter's Reserves Policy is to ensure the prowsion of adequate working capital
resource5 by monitoring the level of the Cathedral'5 free reserves. Free reserves are funds that are not
tied up in fixed a55ets and are unrestricted, including designated funds that have not been committed to
specific expenditure. The Cathedral holds both free and desSgnated reserves.
In October, operating re5erve5 for day-to-day expenditures were low and we received sUPPOrt from the
Church Commi55ioner5 With a grant. As of 31 December 2023, Cathedral cash reserves (unrestricted free
reserves plus unrestricted investments) were £278k {£308k in 2022).
The Cathedrat also ha5 restricted funds that can only be applied in furtherance of some particular aspect
as defined at rhe time of fund creation or at the point of donation. Restricted funds are generally established
on receipt of properties, donatSons, legacies or grants for specified purpose5. As of 31 December 2023,
Cathedral restricted reseNes were £28k
Chapter's aim is to build ￿1 its funds. including its reserve5 held in unrestricted funds, to levels sufficient to
address the cathed￿,5 long-term sustainabiliry and perpetual need to maintain and preserve the
Cathedral's heritage and fabric.
Statement of Trustees Responslbllitles
The trustees are responsible for preparing the Trustees. Annual Report and the financial statement5 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 affair5 of the charity and group and of
the incoming resources and application of resources of the charity and che group for that period.
P3ge 25 of 53

st Edmundsbury
Cathedral l*
In preparing these financial statements, the trustees are required to..
select 5Ultable accounting policies and then apply them con51Stently
observe the methods and principles in the Charities SORP 2019 (FRS 102)
make judgement5 and estimates that ire reasonable and prudent
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements
prepare the financial statements on the going concern basis unle5S It is inappropriate to presume
that the charity and group will continue in operation
The trustees are responsible for l<eeping proper accounting record5 that disclose with reasonable accuracy
at Lny time the financial position of the charity and group and enable them to ensure that the financial
statements comply with the 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. The trustees are responsible for the
maintenance and integrity of the charity and financial information included on the charity's website.
Legislation in the United Kingdom governing the preparation and di55emination of financial statement5 may
differ from legislation in other jurisdictions.
True and Fair Overrlde
The accounts (financial staternents) 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 give a 'true
and fair view" This departure has involved following Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial
Reporting Standard applicable in che UK and Republic of Ireland IFRS 102) issued in October 2019, rather
than Accounting and Reporting by Charitie5'. Statement of Recommended Practice effective from 1 April
2005, which has since been withdrawn.
The annual report was unanimously approved by the Cathedral Chapter on Tuesday 19
March 2024 and signed on its behalf by The Very Reverend Joseph Hawes, Dean of St
Edmundsbury.
Page 26 of 53

f¥St Edmundsbury
Cathedral
Independent Auditor's Report to the Chapter of St Edmundsbury Cathedral
Opinlon
We have audited the financial statements of St Edmundsbury Cathedral (the 'Cathedral') and its
sub51diary (the 'group') for the Year ended 31 December 2023 which comprise the consolidated
statement of financial activities, consolidated balince sheet. consolidated cash flow statement and notes
to the financial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Finanaol Reporting Stondord opplicable in the UK
ond Republic o[Irelond (United Kingdom Generally Accepted Accounting Practice
In our opinion the financial statements..
give a true and fair view of the scate of the group's and Cathedral's affairs as at 31 December 2023,
and of the group's incoming resource5 and application of resources, including income and expenditure
for the year then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice: and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for oplnion
We conducted our audit in accordance with International Standard5 on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
group and parent charity in accordance with the ethic￿ requirements that are relevant to our audit of
the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate co provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial sÉatemenEs is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the group and parent charity's
ability to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for Sssue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in
the relevant sections of this reporL
Page 17 0153

•, St Edmundsbury
Cathedral
Other information
The other information comprises the information included in the trustee5' annual report, other than the
financial statements and our auditor's report thereon. The trustees are responsible for the other
information. Our opinion on the financial statements does not cover the other information and, except to
the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion
thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other
inforTnation is materially inconsistent with the financial staternents or our knowledge obtained in the course
of the audit or otherwise xppears to be materially mi5Stated. If we identify such material incon515tencies or
2pparent material misstatements, we are required to determine whether this give5 rise to a material
misstatement in the financial statements themselves. If, based on the work we have performed. we
conclude that there is a material misstatement of this other information, we are required to report that
fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charitie5
(Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion..
the information given in the trustees, report is inconsistent in any Materi￿ respect with the
financial statements,. or
sufficient accounting records have not been kept,. or
the financial Statements are not in agreement with the accounting records. or
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the tru5tees' responsibilities statement set out on page 23, the trustees are
responsible for the preparation of the financial statements and for being 5at15fied that they give a true and
fair view, and for such internal control as the trustees determine is necessary to enable the preparation
of financial statement5 that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the group and parent
charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern
and using the going concern basis of accounting unless the trustees either intend to liquidate the group
or parent charity or to cease operation5, or have no realistic alternative but to do so.
Page 28 of 53

st Edmundsbury
Cathedral
Auditor's responsibilities for the audit of the flnancial statements
We have been appointed as audicor under section 151 of the Charitie5 Act 2011 and repon in
accordance wirh the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable a$5urance about whether the financial statement5 as a whole are
free from material mi55tatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance 15 a high level of assurance, but Is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Mi55tatements can arise from fraud or error and are considered Materi￿ rf, individually or in the
aggregate, they could reasonably be expected to influence rhe economic decisions of users taken on the
basis of these financi￿ statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilitie5, Outlined above, to detect material rnisstatement5 in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities. including fraud is detailed below..
Enquiry of management and those charged with governance:
Enquiry of entity staff compliance functions to identify any instance5 of non-compliance with law5
and regulation5,'
Reviewing financial statement disc105ures and testing to supporting documentation to assess
compliance with applicable laws and regulation5.
Performing audit work over the risk ol management override of controls, including testing of
journxl entries and other adjustments for appropriateness, evaluating the business rationale of
significant transactions outside the nornial course of business and reviewing accounting estimates
for bias.
Because of the inherent limitations of an audit, there is a risk that we wi51 not detect all irregularities,
including those leading to a material mi55tatement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transaction5 reflected in the financial statements. a5 we will be less likely to become aware of
instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather
than error. as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
Page 29 of S3

St Edmundsbury
Cathedral
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Coun¢il'5 website Lt.. https:Ilwww.frc.org.uklOur-WorldAuditlAudit-2nd-
assurancelSt2ndard5-and-guidancelStandards-and-guid2nce-for-auditorslAuditors-responsibilities-for-
auditlDescription-of-auditor5-responsibilities-for-audit.aspx. This description forms part of our auditor's
report.
Use of our report
This report 15 made solely to the charity's trustee5. as a body. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
to the charity's trustees those matters we are required to state to them in an auditor's report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charity and the charity's trustees as a bodyi for our audit worl for this report. or
for the opinions we have formed.
Lovewell Blake LLP. Statutory Auditor
Bankside 300
Peachman Way
Broadland Business Park
Norwich
NR7 OLB
Lovewell Blake LLP is eligible for oppointment os ouditor of the charity by virtue of its eligibility for Oppointment
os ouditor of a company under section 1212 of the Companies Act 2006.
Page 30 of 53

th,￿￿..r
St Edmundsbury
Cathedral
Consolidated statement of financial activities for the Year ended 31 December 2023
Note Unrestricted
Funds
RestrictÈd
funds
Endowment 2023
funds
Total
2022
Total {note21
Int(Fme from:
DonatiDns and legaci
Grdnrs receivable
Charges and fees arising in the course of
mission
Trading and fundraising
Investtnents
Other income
370,070
345,749
17,446
140,793
387,516
486,542
700,665
567,557
45,948
792.051
95,925
45,948
793,792
95,925
30,763
570,304
80,612
Totat Sncome
1 719 815
159
795
Expenditure on:
Raising funds
Ministry
Cathedral and precincts u￿(eeP
Educacion and outreach
Community. parish and congwauon
Other expenditure on mT55ion
1917,5281
1411,0061
1331,9761
193,9751
143,9091
835
17001
1150.0661
(918.228)
(561,072)
(333,130)
(96,901)
(43,909)
1848,4721
1572,0741
1356,6381
199,4881
148.1861
12,9261
Totsl expenditure
1801229
153692
195607
192781
Net incomel (expenditure)
(80.694)
6.288
{1,154)
(76,280)
45.508
Gross trdn5fer5 between fvnds
18,9331
13,6741
11607
Other recosnised gainslllossesl
Gain5 on reyaluation of fixed 3$5ets
11,039
141,3661
Net movement in funds
(79.308)
2,614
11,453
(65,241)
769.142
Reconciliation of fund5
Total funds brought forward
79
L9 ￿000
7 408 985
6 639 843
Fund$ carried forward
The statement of financial activities includes all gains and losse5 recognised in the year. All income 2nd
expenditure derives from continuing activities. An analysis by fund of the comparatives figures for 2022
15 shown in note 2.
Page 31 of53

st Edmundsbury
V, Cathedral
Consolidated balance sheet as at 31 December 2023
Note
Unrestricted Rertricted
funds
Funds
Endowment
Funds
2023
Total
2022
Total
Fixed assets
Investment a5set5
Inve5tment5
Investment propertie$
131,934
1,186.543
131.934
1,186.543
120.994
1.155,0
1.318.477
1,318.477
1,275,994
Tangible fixed assets
Propery
Equipment and furniture
1.663,547
113,424
4,221,453
5,885,000
167,180
5,885,000
193,834
53.756
1.776.971
53.756
4.221.453
6,052,180
6,078,834
Total fjxed assets
3.095.448
53.756
4,221,453
7,370,657
7,354,828
Current assets
5t¢Kk
Debtors
Cash at bank and in hand
55,244
53,894
146,469
55.244
53,894
174.666
70,528
31,575
225.961
10
28,197
255.607
28.197
283.804
328,064
Creditors: amounts falling due
within one year
{155.71n
(155,7171
Net current assets
99.890
28.197
128.087
209.157
Creditors: amounts falling due
after one year
Loans from third partie5
12
155000
155000
Net assets
3.040.338
81.953
4.221,453
7,343,744
7.408.985
Fund balances
18
3,040.338
81.953
4,221.453
7.343,744
7,408,985
The financial statements were approved by the Chapter on Wednesday 19 March 2023.
The Very Reverend Joseph Hawes
Dean of St Edmundsbury
Page 32of 53

st Edmundsbury
Cathedral
Cathedral balance sheet as at 31 December 2023
Note Unrestrlcted RÈstricted
funds
funds
Endowment 2023
Funds
Total
2022
Tg
Fixed assets
Investment assets
In¥e5tmenES
In¥e5tment prO￿￿e5
Sub$ldlary underta￿ngS
131.934
1.186,543
131.934
, IB6,S43
100
120.994
1.155,000
100
1,318,577
,318,577
1.274094
Tanglble ftxed assets
Property
Equiprr*nt and fumiwe
1.663.547
21598
4.221.453
5.885,000
76,354
5.885,000
89,953
53,756
1.686,145
53,756
4.221.453
5,961,354
5,974,953
Tot￿ fixed assets
3,004,722
53,756
4.221.453
7,279,931
7251,047
Current assets
Stock
Debtors
Cash at bank and in hand
20,839
206.339
22.929
20.839
206.339
51.126
10
30,935
171382
138.56S
197
250,107
28.197
250,107
341.882
Credltor$'. amounts falllng due
withln one year
184,3831
(84.383>
166,3991
Net cuTrent assets
16S.724
28.197
193.921
275.483
Creditors: amounts falling duè
after one year
Loans from third parries
Net ￿lets
3,015.446
8I,9S3
4,221.453
7.318.852
7.371,530
Fund bal*nce$
18
3,015.446
81,953
4,221.453
7.318.852
7.371530
The financial statements were approved by the Chapter on Wednesday 19 March 2023.
The Very Reverend Joseph Hawes
Dean of St Edmundsbury
Page 33 of 53

st Edmundsbury
Cathedral
Consolidated cash flow statement for the Year ended 31 December 2023
2023
2022
Cash flows from operating artiYitle&'
Net income lor the year
Adjustments for..
DÈprÈciation
Income from property and investments
Property & Investment revaluation
Decrease in stock5
Decrease in debtor5
IDecreasellincrea5e in creditor5
(65.241)
45,508
29,452
(95.925)
(11.039)
15,284
(22.319)
810
54.152
180,6121
23.383
4,632
Net cash proyided by l (used In) operating acttvities
(112,978)
74.552
Cash flows from investing activitie5.'
Rents received net of costs
InV￿t￿en[ incotne recerved net of cos
Purchase of fixed assets
Purthase of investments
Sale of investments
92,249
3,676
(34,341)
(10.000)
77.086
3,526
(12,6681
1102,304)
Net cash provided byl(used In) InvÈstlng activities
Change in cash and eash equwalents in the year
{51,295)
119,8081
Cash and cash equivalents at the beginning ol the year
C2sh and cash equivalents at the Ènd ol the year
Analysis of change5 in net debt
At I lanu3ry 2Q22
Cash flows
Other changes
At 31 December 2022
Cash at bank and in hand
LonE term loans
225,961
155000
151.2951
174.666
Total
70
66
Page 34 of 53

St Edmundsbury
Cathedral
Notes to the consolidated financial Statements for the Year ended 31 December 2023
Accounting policies
Basis of Prepordtion
The con501idated accounts have been prepared on a going concern basis under the historic￿ cost
accounting rules except for the valuation of investment assets and property which are shown at
mirket value.
The Cithedral constitutes a public benefit entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the funttional currency of the entlty, and
rounded to the nearest {.
Basis ofcon501idation *
These financial statements consolidate the result of the Cathedral, which is in unincorporated
charity, and its wholly owned subsidiary St Edmundsbury Cathedral Enterprises Limited on a line by
line basis. A Separate Statement of Financial Activities, for che charity itself is not presented
because the charity has tal<en advantage of the exemption afforded by the Church Commissioners
guidelines.
The consolidated financial statements do not include those of connected charitable entities that are
not controlled by the Cathedral, details of which are provided in note 16.
Income
Voluntary income is accounted for at the time of receipt. Income from grants is accounted for in the
period in which they are receivable. Investment income is accounted for on the accru￿5 basis.
Government grant income
Government grant income is accounted for in the period in which they are receivable.
Dont7tions, legocie5 and Similar income
Donations, legacies 2nd similar income are included in the year in which they are receivable, which is
when the charity becomes entitled to the resource.
Funds held ror re5trirted and designated PurP05es
Restricted funds are funds subject to specific conditions imposed by the donor and binding on the
Cathedral. A designated fund is an unrestricted fund which has been designated for a specific
purpose, the use of which 15 at the discretion of Chapter.
Going concern
The financial stacements have been prepared on a going concern basis as the Trustees believe that
no material uncertaintie5 exist. The Trustee5 have considered the level of funds held and the
expected level of income and expenditure for 12 months from authorising these financial
statements. The budgeted income and expenditure is Sufficient with the level of reserves for the
Charity to be able to continue as a going concern.
Page 35 of 53

' 4.
st Edmundsbury
Cathedral
Consecrated lond and buildings
Consecrated and beneficed property is excluded from the accounts by Section 96{2) of the Charities
Act 1993. All expenditure incurred during the year on consecrated or beneficed buildings and
moveable church furnishings, whether maintenance or improvement, 15 written off as expenditure in
the Statement of Financial Activities.
Fixed ossets
Other Cathedral propertie5 held for own use are included at market value, with revaiuations being
undertaken every five years. No depreciation is provided in respect of these properties a5 their
regular revaluation will recognise any diminution in value.
Depreciation is provided on all other fixed assets to write off their c05t over their estimated useful
lives using the straight line method as follows:_
Equipment
3 to 5 year5
Motor vehicle
4 years
10 years
30 years
Fixed assets are only capitalised if their value exceed5 £1.000.
Investments
Investments are stated at market value.
Cathedral Centre equipment
Musical instruments
Investment Propertie5
Investment properties are measured at fair value at each reporting date with change5 in fair value
recognised in 'net gainsl{1055esl on investments" in the Statement of Financial Activities.
Stock
Purchased Stock is valued at the lower of cost or net realisable value.
Volue Added Tax
The Cathedral is registered for Value Added Tax, although due to the nature of its activities, only a
proportion of input tax suffered on expenses may be recovered. Income is shown net of VAT but
expenditure includes the proportion of irrecoverable VAT.
Expenditure
Expenditure is accounted for on an accruals basis.
Cost of raising funds relate to the costs associated with the provision of amenities for visitors
together with the cost5 of managing the property.
Support C05t5 include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, e.g. staff costs by an estimate of the time spent.
Page 36of 53

st Edmundsbury
Cathedral
Governance costs include those incurred in governance of the cathedr￿ and its assets and are
primarily associated with constitutional 2nd statutory requirements.
Pension c05t5
Retirement benefit5 to employees of the Cathedral are provided by the Church of England Funded
Pensions Scheme (for clergy), the Church Workers Pension Fund, both defined benefit schemes,
and the NEST auto-enrolment scheme, a defined contribution scherne.
The Church of Eng12nd Funded Pensions Scheme and, as stated in note 14, the Church Workers
Pension Fund are multi-employer scheme5 for which there is insufficient information availible to
use defined benefit accounting. All schemes are therefore treated as defined contribution schemes
for accounting purposes and the contributions recognised in the year in which they are payable.
Redundoncy and termination Payments
Redundancy and termination payments are accounted for in the period to which they relate.
Debtors
Debtors due within one year are measured at transaction price, less any impairment.
Cosh at bonk and in hond
Cash at bank ind in hand includes cash and short term highly liquid investments.
Creditors and Provisions
Creditors are recogni5ed 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. Liabilities are recognised at the amount that
the Cathedral anticipates it will pay to settle the debt or the amount it has received as advanced
payments for the goods or service5 It musi provide.
Page 37 of 53

St Edmundsbury
Cathedral
Statement of financial activities for year ended 31 December 2022
Unrestricted Restricted
Endowment 2022
funds
Funds
Fund5
Total
Income
Donations 2nd lÈgacies
Grants recei¥ablE
Charges and lee5 arising in the course of rnission
Trading and fundraising
Investtnents
Other income
657.031
432.336
30.763
570.304
80.612
43,634
135,221
700,665
567,557
30,763
S70,304
80,612
23
Total Income
1973 310
Expenditure
Raising funds
Ministry
Cathedral and precincts upkeep
Education and outreach
Community, parish 2nd congreg2ti0n
Other expenditure on tni5SlOn
{840,6111
1375,2711
1330,8261
198,9501
148,1861
17,8611
1196.8031
(848,472)
(572.074)
(356,638)
199,488)
148,186)
125.8121
15381
Total expenditure
205 202
Net incomel(expenditure) before
investment 8ains
97,667
(26,347)
(25,812)
45.508
Other recognisÈd gainslllosses
Gain5 on revaluauon fixed assets
141,3661
(41,366)
765 000
765
Net incomel(expenditure)
56.301
(26.347)
739.188
769,142
Gr055 transfer5 between fund5
169539
Net movement In funds
225.840
(33.322)
576.624
769.142
Funds brought for¥vard
43
Funds carrled forward
3.119,646
79,339
4,210,000
7.408.985
Page 38 of53

st Edmundsbury
, Cathedral
Income
2023
Total
2022
Total
Unrestrirted Restricted
funds
funds
Endowment
funds
Donations and legacies
Congre8ational tollections and gving
Donations
Donations from St Edmundsbury
Cathedral Trust
Income from appeals and fund raising
Legacies
175,464
122,49S
31,435
175,464
139.941
31,435
165,293
320.958
24,228
17.446
26,660
14,016
26.660
14,016
17,310
172,876
370,070
17,446
387,516
700,665
Grants recelvable
Church Cotnmi5si0ners
All Churches Trust
Government grants
Other grant income
297.no
130,793
428,513
471.355
25,000
2,667
68,535
48,019
10,000
58.029
345,749
140.793
486.542
567.557
Charges and fees arising in the course
of mi5$10n
Facility and other fee5
45,948
45,948
30.763
Trnding and fundraising
Gross incorne of shop and PK'5
Lego kit sal
Income from visitors
Exhibitions
646.055
20.481
1.639
113,876
646,055
20,481
13,380
113,876
511269
22,485
6,851
28.699
1,741
792.051
1.741
793.792
570,304
Investments
Property
Investments
92,249
3,676
92.249
3,676
77,086
3,526
95.925
95.925
80,612
Other income
Insurance receipts
Other income
45,168
24.904
45,168
24.904
23,419
70,072
70.072
80,612
Tot￿ income
,719.815
159.980
1.879.795
1,973,320
Government grant income
Government grant incotne con515ted of sUPPOrt provided by both national and local governments a5 a result ol the COVIO.19 pandemic.
Thi5 supporr was received in the folEowing forms.,
Local authority busin*s support - £Nil (2022.. £Z66n
There were no unfulfilled ctsnditlons at the year end rdating to the above grant Income.
Page 39 of 53

st Edmundsbury
Cathedral
p.',i&J.¥.y"
Expenditure on mission
Unrestricted Restricted
fvnds
fund5
Endowment
funds
2023
Total
2022
Totsl
Raising funds
Costs ol fatilities ft)r visitor5
Shop. refectory and ccfflferer5ce centre
Genet71 marketing Costs
Cost ol appeals and lundraislng
Support ¢05ts
11944
579.610
84.112
143.474
97.388
700
13.644
S79,610
84,112
143,474
97,388
21796
520,813
91,823
114.957
9&083
917.528
700
918,228
848,472
Minl$try
Clery 5tiFend5 and worknng expense5
Clew housing cosis
Clew support cos
Services and rnusic Costs
Support cost5
11671
27.995
130,793
143.464
27.995
14&512
23.222
1.045
253,751
147.5H
223,953
146387
15,429
3,844
239,382
150.231
411.006
ISO,066
561.072
571074
Cathedral and prèclnrt5 upkeep
Major repair5 and re5tot7uon
Maintenance and interior upkeep
Cathedral insur2n¢e * lthJ£. CL8 Irf .
Support co$ts
Security and garden upkeep
62.382
120.929
87.536
60.826
303
62,3B2
122,083
87.536
60,826
303
86,716
1.154
53,987
57,511
1,283
331.976
1.154
333,130
3S&638
Educatlon and outreach
Educadonal actiYioe$
Archives and librdry
Charirable and other giyi
Support costs
73,862
2,155
3.043
14,915
2,926
76.788
2,155
3.043
14.915
81179
1287
15.022
93.975
2.926
96.901
99.488
Communlty. parith & ¢ongTeKatlon
Cornmunity. parish & congregation
Supporc c05rs
5.230
38.679
5.230
38,679
9.231
38.955
43.909
41.909
4&186
Other •xpenditur•
Bank charges and incerest P2Ydble
Other iterns
1,098
1.737
1.098
1,737
750
2.204
2.835
2.835
2.9S4
Total expenditu￿ on mlssion
1.801.229
1 $3,692
1,154
1.956.075
1,927.812
Page 40 of 53

. st Edmundsbury
Cathedral
Net Income l (expenditure) for the year is stated after chargin[.
2023
2022
Auditor$ remuneration for..
audit 5ervlces
. other service5
Deprt<i*u•n
12,900
2,100
29.452
8.300
3,2fX)
54.152
Investments (Group and Cathedral)
Restricted &
Designated Endowment
fund$
Funds
Totsl
Funds
General
fund$
Investments Gt motket volue
AL I january 2023
Additions during the year
LI5P05als dvring the year
Transler be￿e*n fitnds
Realised gaiTh511kn5)
Unr￿1$¢d gaiThsl110551
120,994
10.000
110.0991
120.994
10.000
(10.099)
11.039
11.039
At 31 December 2023
131,934
131.934
Investments comprise fixed interest securities of £131,934 (2022.. £110,893) and unquoted shares of £Nil
(2021. £10,100).
Restricted &
Deslgnated Endowment
lunds
Funds
Total
Funds
Genernl
funds
Inwvtrnent proPerritS
At I january 2023
Additions In the year
Depreciation on additions
Rwfdluauon pTh51005sesl
1,155.000
32,697
1,155.000
32,697
{1,154)
At 3 l December 2023
1.186.543
1.186,543
Included above is housing at 3 Crown Street, Bury St Edmunds, currently valued at £930,000. This
property was purchased in 1989 for £170,000.
Page 41 of 53

st Edmundsbury
Cathedral
Non-investment property (Group and Cathedral)
General
fvnd5
Designated
funds
Endowment
funds
Total
funds
Freehold Property tst voluotion
Valuatlonlcost at l January 2023
1.675,OQO
4,210,000
5,885.000
Transfers during the year
Valuationlcost at 31 December 2023
1.663.547
4,221,453
5,8B5,000
Depreciatitsn at I january 2023
DepreEiatitsn
On reYdlu2tion
Depreciation at 31 DecembÈr 2023
Net book value at 31 December 2023
1.663,547
4,221,453
5,885.000
Net book Yalue at 31 Decetnber 2012
1,675,000
4,210,000
5,885,000
fvr clerEY (Jnd stGff housing ond offitts
r trading octiyttres
1,438,547
225,000
4.221.453
5.660,000
225,OQO
The Cathedral's properties are revalued every five years. They were last revalued at 31 December 2023
by Bedford Estate Agents on a market value basis.
No historical cost information is aV￿lable for the Cathedral's properties a5 they have been owned for
longer than records are available.
Page 42 of 53

st Edmundsbury
Cathedral
Equipment
Unrestricted RestrictÈd
funds
fund$
Total
fund5
Cort at I lanu3ry 2023
Addition5
Di5posa15
328,675
1.644
106,230
434.905
1.644
Cost at 31 December 2023
330,319
106,230
436,549
DÈprÈeiation at I january 2023
Depreciatio
On disposal
192,440
24,455
4&630
241.070
28,299
Depreciation at 31 December 2023
216,895
52,474
269,369
Net book value at 31 December 2013
13.424
S3.7S6
167.180
Ne¢ book waluÈ at 31 December 2022
136,235
57.600
193.835
(b) Cathedral
Cos¢ at I january 1023
Additions
Disposals
102.309
106,230
208,539
C05t at 31 December 2023
102.309
106.230
208,539
Depreciatyon at I lanLtary 2023
Depreciation
On disposal
69,956
9,755
48,630
118,586
13,599
Depreciation at 31 December 2023
79.711
52,474
132,185
Net book value at 31 December 2023
22.598
53,756
76,354
Net book ￿lue ai 31 December 2022
32,353
57,600
89,953
Stocks
Group
Cathedral
2023
2023
2022
2022
Good5 lor resale
55.244
70.528
20,839
30,935
Page 43 of 53

st Edmundsbury
Cathedral
10. Debtors: amounts falling due within one year
Group
Cathedrnl
2023
2023
2022
2022
Trade debtors
Amounrs owed by subsidiary undertakings
Arnounts owed by related parti
Prepayments
Actrued income
Other debtors
18,061
14,681
154.434
104
34.787
2.333
16,412
144.411
104
36,220
2.458
3,887
8,683
944
1,934
8,683
942
53,894
31,575
206,339
172,382
11. Credltors: amounts falling due within one year
Group
Cathedrnl
2023
2023
2022
2022
Trdde eredittsrs
Other taxe5 and social secur
Other crediwrs
Accruals and deferred Income
46,993
33,445
19,468
55,811
24,249
27,634
23,092
43,932
42,793
2,985
16,137
22.468
21,656
1.057
20,508
23,178
155,717
118,907
84.383
66,399
12. Creditors: amounts falling due after one year
Group
Cathedral
2023
2023
2022
2022
Loan5 to third parties
155.000
Is5,￿0
155.000
155,000
Staff housing at 3 Crown Street, Bury St Edmunds, was purchased in 1989 for £170,000 with the
a551Stance of contributions from the Church Commissioners and the Diocese of St Edmundsbury and
Ipswich. During the year it has been confirmed that as part of this 2SSiStance the Diocese have claim to
116 of the value of the Crown Street property, 2nd as such a liability has been brought into these
accounts to reflect thi5.
Page 44 of 53

St Edmundsbury
Cathedral
13. Contingent Liabilities
St2ff housing at 3 Crown Street, Bury St Edmund5, was purchased in 1989 for £170,000 with the
asSlStance of contributions from the Church Commissioners and the Diocese of St Edmundsbury and
Ipswich. In 1999 the Church Commissioners indicated it was unlil<ely that they would seek repayment of
these contributions, and that if, in the event of the property's sale, a direct replacement is purchased, the
contributions would simply transfer to the replacemenc property.
The contributions are revalued in line with the property values, and their present values amounted to
£620,000 as at 31 December 2023 (2022.. £620,000)- Should the properry be sold 15 currently planned,
there is a remote possibility that the Church Commissioners would see1< the repayment of these
contributions, however the Trustees do not consider this to be probable.
Page 45 of 53

St Edmundsbury
Cathedral
14. Employees
(a) Number of employees (head count bas15)
Number of employees (head count basis)
The average number of employees dkjring the year was 54, comprising St Edmundsbury Cathedral 30 and St
Edmundsbury Cathedral Enterprises Limited 24 (including 7 directors). (2022.. St EdmLJndsbury Cathedral 30 and
St Edmundsbury Cathedral Enterprises Limited 24 (including 6 direttors)}-
(b) Emoluments
2023
2022
St Edmundsbury Cathedral
St Edmundsbury Cathedral Enterprises Limited
715,178 687.634
263,146 234.228
978,424
921,862
The emoluments total includes employers. Nl contribution5 and pension contributions of £60,05412022.. £55.885}
and £48,305 {2022.. £54,153) respectively.
The direttors of St Edmundsbury Cathedral Enterprises Limited did not receive any remuneration for the year.
No employee earned more than £60,000 in the year.
(c) Trustee remunerrtion
During the year the following members of Chapter received rernuneration (included in total emoluments above) in
their capacity as Cathedral clergy:
Remuneratlon Pension
contributions
Dean- J Hawes
Canon Precentor- P Banks
Sub Dean & Canon Pa5tor- M Vernon
39,477
30,165
30,165
8,909
7,127
7,127
The remuneration ind pension contributions for the Dean and Re5identiary Canons are paid by the Church
Commissioners in accordance with national scales laid down annually by the Archbishops, Council and the Church
of England Pension Board, and are not a cost to the Cathedral Chapter.
(d) Trustee expenses
Working expenses for travel, entertainment and office cost5 were reimbursed co two Trustees during the year
amounting to £4,258 (2022- £4,312 to two members of the Cathedral Chapter).
Page 46 of 53

,st Edmundsbury.,
Cathedral
{e) Pensions
St Edmundsbury Cathedral participates in the Pension Builder Scheme section of CWPF for lay staff. The Scheme
is administered by the Church of England Pensions Board, which holds the assets of the schemes separntely from
those of the Employer and the other participating employers.
The Church Worl<ers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity
section known as Pension Builder Classic and a cash balance seciion known as Pension Builder 2014.
The Pension Builder Scheme of the Church Worker5 Pension Fund is made up of two sections, Pension Builder
Classic and Pension Builder 2014, both of which are classed as defined benefit scheme5.
Pension Builder Classic provide5 a pension for members for payment from retirement, aecumulatrd from
contributions paid and converced into a deferred annuity during employment based on terms set and reviewed by
the Church of England Pensions Board from time to time. Bonuses may also be declared, depending upon the
investment returns and other factors.
Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at
retirement. Pension contribution5 are recorded in an accoun¢ for each member. Thi5 account may have bonuses
added by the Board before retirement. The bonuses depend on investment experience and other factors. There is
no requirement for the Board to grant any bonuses. The accounL plus any bonuses declared, is payable from
members, Norm￿ Pension Age.
There is no sub-division of as5et5 between employers in each Section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FKS 102. This is because it
is not possible to atrributs the Pension Builder Scheme's asset5 and liabilities to specific employers and that
contributions are accounted for as if the Scheme were a defined contribution scheme. The pension costs charged
to the SOFA in the year are contribut40ns payable {2023.. £23,033. 2022.. £21,489).
A valuation of the scheme is carried out once every three years. The most recent scheme valuation completed
was carried out as at 31 December 2022. This revealed, on the ongoing a5sumption5 Used, the PB Classic was
130% funded12022 95% Funded).
For the Pension Builder 2014 section, the 2019 valuation revealed a surplus of £5.5m on the ongoing
assumptions used. There is no requirement for defitit payments at the current time.
The next valuation is due as at 31 December 2022. Calculations for thi5 are currently under way.
15. Transfers
The transfers between unrestricted and restricted fund5 relate to funds designated for missionary
giving, and other transfers authorised by Chapter (see note 18).
Page 47 0153

st Edmundsbury
Cathedral
16. Related entities
(a) Wholly owned trading Subsidiary
The Cathedral has a wholly owned trading 5ubsidiiry, St Edmundsbury Cathedral Enterprises
Limited. This company's principal activities relate to the Cathedral shop, Pilgrims, Kitchen ind
conference facilities. M05t of the subsidiiry's taxable profits are donated to the Cathedral under
gift aid. The financial statements of the company for the year ended 31 December 2023 are
consolidated in these financial statements. An extract from the company's financial statements is
provided below:
2023
2022
Turnover
646.058
548.629
C05t of 5ale5
(204,794)
Gross profit
441.264
366,944
Administrduve expense5
Other operdting income
(362.820)
1327,0991
2,667
Profit before contribution5 to Cathedral
78.444
42,512
Rent
Administration fee
(19,200)
(12.000)
119.2001
112.0001
Profitl(loss) on ordinary activities before taxation
47,244
Gift aid distribution5
(59,807)
114,0221
Total ¢omprehensive income for the year
{12.563)
12,7101
Retained profit brought forward
37,455
40,165
Retained profit carrled forward
24.892
37,455
Balante Sheet
Fixed assets
Current assets
Current liabilities
90,826
159,934
(225,768)
103.882
129.884
Total net assets
24.992
37.5SS
Share Capical
Profit aDd10sS account
100
24,892
100
37,455
24,992
37,555
Page 48 of 53

St Edmundsbury
Cathedral
(b) Associated organisotions
The following associated entities are independent registered charities and are not controlled by the
Chapter. They are therefore not included in these consolidated finxncial statements.
St Edrnundsbury Cathedral Trust
Friends of St Edmund5bury Cathedrdl
Friends of St Edmundsbury Cathedral Choir
R A Vestey Memorial Trust
A summary of the12test available unaudited financial statement5 for these ￿SoCiated organisatior15
is shown below-
St Edmundsbury FriÈnd5 Of St
Cathedral Trust
Edmundsbury
Cathedral
Friends of St
Edmundsbury
Cathedral Choir
R A Vestey
Memorial
Trust
Year ended
31112123
31112123
31108123
31112123
BrOu￿t FoThRrd
1.465
123.491
42.366
128,960
Gros5 intome
39.837
28,942
3.630
Net incornellexpenditurel
38,415
17,133
2.130
Amount paid to the
Cathedral
39.543
3,150
200
Net assets
337
123.d91
56.349
130,890
17. Capital Commitments
Capital expenditure contrncted for but not provided for in the financial 5tatement5 totalled £Nil {2022:
£Nil).
Page 49 of 53

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