Charfty Y•gl•trnWon numb•r 1206900
CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
.i/lJ

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
CONTENTS
Legal and administrative infomation
Trustses, report
4-16
ststement tsftruskns. respJnsitslth'es
17
lTrJ8Fendant auditofs report
18-22
St8tsmenl offfin8nThal 8CtMt*s
23-24
Bal8ne* sheet.. Cathedral
25
Bolance sheet.. Consolidated
26
statem¢nl ol ￿$h flows
27
Notss lo th8 fjnancial statements
28-54

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
LEGAL AND ADMINISTRATIVE INFORMATION
Lè l and adminiatrativ• infomiation
1.1 L•qal narn9 01th• Cath•dral
The leg31 name ¢1 th& Cathedral is the Cathedral Church of Chrbl ¥nd the B￿sSed Mrgln Mary Rod)estw.
The name commonly used is Rochester Cathedral
Ch•rfty nUM￿r
12C69DJ
1.2 Chapter CIYle&
Garth Housa
Precinct
Rochestsr
ME1 1SX
T•lephono',
Emall..
01634 843366
adrnini$tralor
rO¢￿¥tart￿tWr0I.¢rg
1.3 CMptsrfTru¢tO01
Members of Chapter ¥%tho served during 2024 l%*ith thw'r yearof appointhentl ￿Te as follows..
De
Very Rwj Dr Philp Hesketh DL
Th& Revd CaTh)n Or Gordon Giks
2016
Canon Ch*nc*lk)r
2020
ICc¥nmi55ioners' C8nonl
Rev Cantsn Chrii Den¢h (Vice Dean)
{Ccffjmissioners' Carlon Irom Sept 2023}
Canon Colin Lovell
Canon for Wornhw & Spiritual
2018
2019
Canon Paul Fr8nds
2021
C8non Victoria Ir88FnoJ Sept 20241
Canon Paul Hud$(
2021
81shop$ Appolntg61
2023
Contsn 8a￿ar9 Chin8m88¥
Canon El￿n Couz•ns
2023
2023
Canon Dawd S8muelB
2023
R8vd Canon Neil Bunker
CaTh)n Carlin• D8al
2023
2025
1A Ststutory P￿1￿0￿#
Chlef Oporatlny Offlc•r
Chlef Flnance Offlcor
Mr Simon L￿e
2017
MrAThJy S8mbroL*
MrAdrian Bwrèe
2024
Dlrector of Mu81
2022
SuNeyorto the Fobrl¢
Mr John Bailey
Thomas Ford & Partners
2015
177 ￿rkda
LoTrJon SE26 40H

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
LEGAL AND ADMINISTRATIVE INFORMATION (CONTINUED)
1A statutory Po•ition• IConlinu•dl
Areha•oltyi*t
Mr Graham Keewll
20C
Keevill Heritage Conslltan
85 Kynaston Ro80
Did￿1
OX118HA
1.5 FInan￿ Commlttoe
ExtemolAlombw$
Mr Stephen Sm*h IRespJn8d Sept 20241
Judith Arrnrtt
M$ Fr4n¢trs Ccppol8
Mr Alan GIty￿n$
Internal Members
cal￿Tr Paul Hudson
Canon Paul Frarris (Ch￿rI
Mr Simon La
Revd Canon Sue Brewer
Mr Andy SArnbrook
1.6 F•bri¢ Advl•ory Committ••
AFpointad by CFCE
Mr Tony Billington
Mr Alan Brodle
Mr Dawd Baker
Mr James Ford
Atwinted by Chaptsr
Mr Jeremy Ash￿ (Chairl
Mr5 Kerren Harris
Mrs M8garet Davies
M8 Heather N8Vrton
Seorotsry
Mrs Sue M8tthouse
1.7 Auditor•
The C8thwJral Auditors. 8pptynt•d In January 2023, are".
Moorè ￿r¥J$t0ft Smlth LLP
9 Appold Street
London
EC2A 2AP
1.8 Bankers
Ltoyrl$ Bank p
142-146 High Stre&t
Choth8m
ME4 4DQ

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
LEGAL AND ADMINISTRATIVE INFORMATION (CONTINUED)
1.B Sollcltor¥
DGB Solicitors LLP
Th& Captain's Hou89
Ceniral Avenue
Pwnbrck•
hetham Maritime
Kent
ME4 4UF
n￿•kn8nt M￿19•r
CCLA- CBF Funds
Sonator Hou*
85 Qugen Victoria Stregt
London
EC4V4ET
Ront Advlsoro - Comm•r¢lal
Haffisons Chartarod Survayors
Oasis Hou¥e
Ambley Gre8n
Gillingham Busln8ss Pa
ME80NJ
R•nt Advl8or•- RMld•nfSal
Kent R8sidential Lottings
151 Road
Chatham

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
TRUSTEE'S REPORT
AS A T31 DECEMBER 2024
2.1 Qov•rnibVJ Statutu•
Cathe*Jral 1$ govgm9d by tha cathadrals ￿aSure 2021 and t￿ Rochester Cathedral Con6ti1ution and
Statutes dated No%Emb8r 2023. The Cathedral becam? a R￿l$t•￿d Charty IR•g. No. 1206￿0) on 6th
February 2024.
22 Rolatlonshlp wlth th• Dloc•••
Th8 Cathedral is the fomal'se8l' of th8 Bishop of Rochtstsr. and hè is tha offiu81 Visitoi. Thè Bishop is a
valued friend and adwsorto the Cathedral. thich in tlm seeks to support the Bishop's work ol leadiro t
Diocese in mission and ministry.
Di0￿SeD Bishop. the Rt Revd Jonathan Gibbs was appolnt8d In 2022. Th& Sufftagan BL%hop of
Tonbrklge, The Rt R•wJ Slmon BurtOn-JO￿ was CA)ry0ecra￿ in July 2018.
The Cathedral is 8 centre of worship and rn15sion 8nd is the mother church ol the Di0￿Se of Roehester
¢xI￿ring Medway, the western halfol Kent and the LondDn Borou￿6 of Brtrmley 8nd Btrxloy.
2.3 Corporal• body- chapt•rfTru•t￿*
The members of Chapter form th& corwale body of the Cathgdral and from 61h Fetfuary 2024 the
members of Chapter t*came the Twslpgs of thg Cathgdral.
The Chapter ConS￿tS of five executive mernbBfB COfry)ri$irrfd the Dean and fow Rèsklantiary Canons
(these are the on-site dergy of whom Iwo aro full-timè, and arè part-timal and seven no[￿•￿@c￿tlv&
18y mambèrs rècrurtèd for thèir skills and •xpe￿"s8 in spacific areas of the Cathedral's life. The Chapter
is responsibl8 for laadership. policy, strategy and ￿siOn arbj met ten tirnEs Ihis year with an additiona
tt¥o-day T￿idents'al meeting in Juty.
The ts¥o fvll-time Residenliary Canons aso have responsibllily for dKferent portfolios within the
Calhedral's structure and, ak)ng with the Dean are members of the C8lh8dr81's Senior Management
Group.
Chapter is supported by a numb8r of committèes ￿1¢h a￿ set oul below and teams ol staff led by the
Ch￿f Operating Officer with overall reSponsib￿ltY lor Cathedral support services and resources.
14 Flnance Commltto?
The Finance Commrttee is a stalulory committee and is responsible for ad￿SIng Chapler in conn&¢tion
with ils responsibilitie5 for finan<ial and invtrslmenl manag&mant. It focuss8s on the financial strat89y,
policies and procedurès of thè cathadral. It is r&sponsibl8 for areas such as Teviewing budgets. in•year
financial r8POrts and monitoring invostment perforniance. It mee15 monthly in orderto maintain
detsiled Scrutiny of Cathedral income and expenditure against the 8nnual budget and a I￿ger lemi S-
year strategy.

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
TRUSTEE'S REPORT (CONTINUED)
AS AT3q DECEMBER 2024
2￿ Audlt & Rl8k Commltto•
Thtr A￿rt & Risk Cornrnitteo 1$ respcY$ible for monitoring risk rnanagement and reporting to the Chapter as to
whether there a￿ adequate systems and rx)ntrol$ In place to rnrbgate key ri$k$. The end of year finan&al
tatwngnts ¥r¢ $crutink8ed by ts Cornmittee and r( makes re￿MM￿datIon& to the Chapter r8gardlrKd the
risk ar￿ Annu81 Accounts.
Z6 Property & Estate Commlltee
Th8 Prop•rty & Eststes C¢Jnmitte8 15 re5Fon5its48 for 8nsurin9 that the adequate management practlses org
in ￿8¢0 br the proseNation of the historK hgritage ol the Cathedral buikJir#J and the strategic man8gom•nt
and m8intènance of thè ￿l￿•r commercial 8nd reshlential 8St8te. Ind￿J&S mBkirvJ recxJrnm￿da￿onS on
the prioritw for the improvement ol the Cath•lral's fabric and faolth"•s and enhancamant oflhe èstate.
2.7 Safvgu•rdlng Commltt•?
The Safeguarding Committee exists lo provide Support and guidance lo the Chapter as it fLlfils its rol8 in
ensuring matt8rs relalw)g to all aspg¢ts of safeguardY)g in the Cathedral are fil for purpose and
¢onNllunicated lully, internally and extemally. The Committee keeps th8 aetNities and management of
the Cathedral's saleguar(ling pracbses undef review and makes recommendalions for improvements
where nec*ssary.
2.8 H•alth & Saf•ty Commhi••
The Heatth & Safety Comnmttee exists lo wowde support ¥nd guidance lo the Chapter as it fulfils its role
in ensuring matters relating to all aspects of health & safety in the C*heilral are fit for purpose and
cy)rnmunic8led fully, tntemally and extemalty. This incl¥Jdes rnaking wecomw￿ndalonS on Ihe priorit*S
for the improverr*nl of the Cathedral's health & safety pr8Ctl8es.
2.9 NomSnatlonB Cornmbtte
The Nomination5 Comittee Is a statutory committee. It Is responsible for ensuring thal Ihe Chapter. and
any ¢ommltt88s wl up by tha Chaptgr, have an awjropriate balance of sknlls, knryrtledge and
8XP8riance. It a¢fviseg Chapt8r on Iha rocruitment of non4xecutivé Chapt8r m8mbers and cornmitte
membets and on the training naeds of members of Chapter.
110 Fabblc AdNrf•ory Comrnltt•e
The FabrSc Ad¥isory Commitiefr is r8$pon8ible for 8n$uring that any work lo the fabric of the Cathedral is
done with prO￿r regard to the integrity of a Grade 1 listed buildiThJ of nalonal svJnifjcance and in
aco)rdance with slalutory processes. Its members Indude experts in Ihe ojnservalion and repaiT of
hlslorlc bulldlng8 and the Cathedral's Surveyor and Archaeobgisl. Mentsrs are appointed iointty by
Chaptgr and the C8th8dral's Fabrk ConwnissK*n for EnglaThJ.
2.11 Chapt•r appoinlrn•nts and training
Thg Dean and fv40 Ccfflmi$$KJners' Canons (Canon Chan￿lIOr and C￿On for Worshlp & Spirituality)
are appoinled by the Crown. All but on8 of th8 non-executive lay members are appointed by Chapter
IfolK)wing reC(￿mendatIonS by the Nominati(￿5 Commltteel with final enltrsemenl ofthe Bishop. The
Sanlor Non-Ex8cutiv8 role is the Bishop's appolntm8nt in consulta11on ¥￿th lh8 Ch4>ler.

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
TRUSTEE'S REPORT (CONTINUED)
AS A T 31 DECEhlBER 2024
New m#mbor8 oflhe Chapter are pr￿delY key docwnents suth as thè Consirtution & Ststut&$ and
links to the C81he¢rals maaSU￿ 2021. Informal discussion$ are used to brièf tham on thèir rol8 and to
help them understarn% different aspgcts of thg Cathedral's woth. Training in corporate governance. HR
and H&S responsibililE3 i¥ gi¥*n internally. Chapter members are enGOUTaged to P8rtl¢lP8ts in the tralnlrvJ
programm8 off8T8d each year by the A680aation of English Cathédrals.
2.12 Chapt•r rnipon•lblNts•
The Chapter is responsibK8 und•r rnquir•ments ￿ld down by the Church C￿mISe10ners un(br thg
rs gNèn to them by the Cath&JraLs Voasure 2021 Ic*.
A. ord8r thé worship of c8th8dr81 promote ts rnis8ion'.
b. formulate. after consuttation wfth Ihe bishop, prop0581s r8Lthg to the general direction aThY rniswon of
the cathedral..
preparè an annual budw for the Chapter..
' prepao an annual report for the Chapter and annual a￿Unts for 8udit subsequent approval..
e. keep uThJer revi￿ the constitution and statutes,.
f. rnanage the propety vested in Chapter 8nd the Incorne g(xruing frorn it ond, in parti￿181, ensiire
th91 ner*ssary repairs and rnaintsnaDc£ in resped of thè cathedral and ts eont8nts and othor
buildings and monuments are carried out
113 Cler9y and 8?nlor $1•ff ¢han0•8
Finance Manager Mr5 Kennie Ad8riye lèft in January 2024 and was replaced by Mr Andy Sambrook
(Chief Finance Officer- CFO) in June 2024. He lèads the Flnance Department 88 well 8S taking on
the rol¢ of CFO.
2.14 Staffinu and Volunts•Ys
The Calhe(Iral employs 33 IFTE) staff to delNer ts objectives- vetgers. musicians, garden8rs.
t)Jucation officers, clear*rs. finarKe staff, fundraisers and adnNni$trative support workers.
In addition, more IhBn 3CQ Volunteers prowde invaluable support With￿j1 which the Calhedrnl Could
not function propedy- st￿ardS. welcomers. guides. chaplain5. educationalists, Sund3y Club
leaders and helpers, embroiderers, retail and caterirvJ vcAunleers. mu*¢ians. fl(Y•ver arrarKJers,
pasloral visiiors. event organisers, bra55 ￿lIsheT8, thoir helpers, servers, readers, intercessors.
b8llrir•Jers. cash-counters, cornff¥ttee volunteers. etwelope sbjllers and many more besides.
2.16 Inve•tm•nt Powern
Under the Cathedrals, Measure 2021 the Chapter may. in respecl of money which forms wl of the
permanent endowrrent of the Cathedral or is ¢Xherwise vested in the Chapter..
Invest it in the awuisrtion of land.,
- Invest it In an investrnent fund or deposlt ￿nStitute￿ Und￿ the Church Funds Investment
Measufe 1958.,
Invest it in any investments In whi¢h tru$tg&s may Invest under the general p0￿r of nvestm8nt in
secbon 3 of the Trustee Act 2000 las restricted by Sectio￿ 4 and 5 of that Acti,.
- Usè it for Iha improvamant or de￿lOpment ofproperty vo$t¢d in the Chaptsr.

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
TRUSTEE'S REPORT (CONTINUED)
AS A T31 DECEMBER 2024
2.18 Publ1¢ 8*nefft
The Chapter confirrnB that it ha3 ￿mplIed wth seCt￿n 17 01 the Ch?rib¥s A¢t 2011 to have regard to
benefit guidan￿ published by Charty Comrnission in detenninirrfJ the activfaes of Ihe Cathedral. The
Cgthedral rnaintairLs a policy of fre8 ac￿ to a11 mernbers of the public. It not only serves the communlty
da1￿ in its r•ligious aThJ eharitabkl work but is an actN8 r•scxJrco of nath)nal importanc8 in tha pr(￿OtiC￿ of
religion, music, education, hi810ry and architecture.
2.17 RS•k An•lyBIB
The Chapl$r con91ders thatlho pri￿apa1 ￿Sk$ fa¢wJ by t￿ Gathedral are Flre, Floc<l, Sakgu8rdirw and
Financial.
The most urgent risks facing Cathedral building are ffire and fl¢))d. A sm￿1 fire ocCUr￿d in the Gunduw
T0￿r in De￿mber 2023. Fortunately, bhere ¥48s Irtue damage and the Cathedral's fire safety proc£durg8
worked well. but it highlight8d that irTPfttV8rr￿nts are nèeded in certain areas. This ts a priority for Chapter
And a pac*age ofmeasures has develop&J vknich Will be imF4em8nted in 21r25.
Tha crypt has suffer&J one sarioug flooding I￿￿j￿nt in 2016 and. 85 8 result, improvernents to th8 drainage
arr8ThJernents on the SOLrth spde of the CatPedral were rn￿e in 2021-2022.
The bss of reNrtxlron and potential claim through lack ol appropriatè safeguardlng of vulnerable young
people and adults has also Leen addressed with ongoirKJ monitoring and application of th8 safeguarding
poli¢ie$. Our Safeguarding Committee monitors our safeguarding arrangements. The CatK)n Chancellor
is Chapterfs lead on safeguarding matters. and we employ a p8rt-lime {21houis p.w.I Safeguarding
Officei.
The financAal risk relating to ojst overr￿$ on building projects has been addie88ed and is ￿ered by
Ihe new Propw & Estates C¢)mmittee at its meetings. where 811 captal projects are monitored to
ensure that overrun pfobkms do not Ofxur. The Reserve$ Poli￿ and Cakmtal Improvemont Fund further
conlribule to 8nsuring Ihat the Chapter can m88t any oxcass cosls. Profils frorn our trading company
also o)ntributes lo maintaining a healthy inojme to support our day to d8y wnning costs.
R•l•tgd OryaniBatlo
3.1 Roch••t•r Cathedral Etht¢rprl•M Ltd fftCELI
RCE Ltd 18 8 8eparat8 lèaal enllty, wholly owned by tho Cathedral 8nd set up to genèrate extra in¢ome
for the Calhedial. Whilst the company is over8een by Ihe Chaptsi, RCE Lld 1$ managed by a Board,
comprised Ihree members of Chapler, COO and three extemal members The Board 1$ re8POllsible
for managing th8 day to day running of all of th8 cathedral'5 cornmercial actMties18.g. catering, retsil,
venve hire etc.). The Company pays a monthly management fee ID Ihe Cathedral lo o)vei the I￿nI use
of resources and staff and donates any profit to thè Cathedral as Gfft Aid.
3.2 Ffiond• of Roch•st•r Cathedral (Reylstered Charlty 2739731
The Friends is an independent charity ￿th an intsrest in supming ihe mission and heritage of
RoGhester Cathedral. They had a total mernbership of 783 al the end of year. They prowde
substantk41 and welcome sUpp￿t for woth ne¢e$sary lo tha fabric of Cathedr81 covering
numb&rof proiects.

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
TRUSTEE'S REPORT (CONTINUED)
AS A T31 DECEMBER 2024
3.3 Rocheiter Cathedral Trnst {R•gi8t•rnd Charlty 2916161
The TNst is an independent charity set up lo ralse money on the Cathedral's behalf and to make grants
in accordance with the terms of the Tfu31 Deed 10 suP￿rt the development of the Cathedral. The Trust's
present prforOtle5 are lo gTOW the Music Endowment wth a target of raisin9 £3.Omillion by 2030, aNJ to
raise funds for a r8n9e of projects lo ￿slore Ihe Cathedral's historic fabric. Tlw amount ralsed for the
Music ErKloWn￿nI so far and transferred to Ihe Cathedral to the end of 2024 was £1.88million.
3A Klng's School Rochester
lQrKJ's School plays 8n important role in the life of the C8thedr81. supplyng trè thtiristers for the Cath&Jral
choir and regularly holding events aTKI wncerb in the Cathedr81. All Calhedf81 Residentiary Canorts are
G￿MOr$ oftt)g School, and Dean Is Vice-char ofthe School Govemors. Thg SGhod pays r•ntfor a
numter of Cathedral buildings Ilw us?. Th• Cathedral Mnlribut88 1¢)wards scholarshyJ forthe choristers
vkno attend the Stho)l.
Flnanclal Rgvl•w
4.1 M•lor ¥ourC￿ of fln•nc•
Inv•stm•nt Incom•
Cathedral owns 4012023 431 prcyartles, both commercial and resmlentiaj, in Ro¢he3ter, m¢)sly In thè
Cathedral preanct and the HKJh Street. Property is the principal sourL* of invostsnant Incorns aThJ in 2024
rents accounted £7(M)k12023 £614kl Other investrnent Income from sha￿$, stod(s and Interest
arnountèd to £2￿(2023 £158k}. A review of investment performance 18 gI￿n in 8 so￿rat¢ sath.on b81ow.
lftcomo fmm $upport•rgrnups •nd twsts
Donation8 and yranl$ received thr(hJgh the Fri8nds of Roch8St8r Cathedral tolalled £11.5k and were
made up as follows., Gardens £7.Sk', and th8 SorrfJ School projecl £4.0k.
Donations and grants received through the Friends of Rothester Calhgdral Rochester Caihedral Trust
totalled £91.3k and were made up as follows.. restOra￿'on of the medieval City Wall £24.1k.. Cliisler
Garth Feasibility Study £11.7k." Cath￿ra1 Security £16.9k.' Music running costs £21 k,. Gardens £1ek."
anil Textus Roffensis £1.5k. The amount raised by Ihe Trust in 2024 lor the musi¢ endowmenl was
£10.5k12023.' £140k) which was trartsfeired to Ihe Cathedral in 2024 and is includgd in the$e accounts.
Grnrts r•c•fv•ble
Total yrants for the year included amunts received from the Church ComMis￿onerS under varkws
se(*ons of CalhÈ<lrals Measure 2021 to contribute towards administrafjve Salaries and ￿nerAl
f¥)erational costs. In 2024, the total figure 01 £364k Included the contribution towards general cathedral
cosis was which was £119k12023', £118kl, 8tYl £247k from the Church Commissioner5, Cathedrals,
Sustainab'lity Fund forvarlous posllions within the Organisatson.
Addrtion81ty. other grants totslling £167k12023'. £137k) including £18.8k from the All churches Trust
12023.. £25k), £30k from Rochester Cathedral Trust towards admlnlslralive costs {2023,' £30kl, Friend5
of Cathedral Music £18k, and £101k (2023.. £91k) from Rc*hesleT Cathedral Trust warious project8.
Voluntary In¢om•
The lotsl rwiv8d from congrega￿Onal giwng. donations and gbft 8id amounted to £371 k12023', £372kl
during the period.

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
TRUSTEE'S REPORT {co￿riNuED
AS A T31 DECEMBER 2024
Tr•dlng
Th8 Cathedral's tradirg con¥Jany, Roch8sl&r Cathedral Enterprises Ltd {RCELI, operates the Cafè in the
Crypt. During the year a small 8hop was re-establi8h&l at the C8thedr81's north door and Stsffed ty a
Retail Manager employed on a grant-aided ts¥¢>year contract. Calh9dral lettings and educational income
conts'nued lo 1% treat￿1 as tr8ding aotivty in RCEL. RCEL ￿Mover for Ihe period was £128k12023.,
£67kl. The company made a trading surplus in Ihe year of £14k and maile a gift-aided payment lo Ihe
Cathedral of £52k (2023,. £165kl.
Ch•rges andlees 0￿1ng In th• eaut¥• of mission
Totsl incorne from lettings of the Cathedral, charges fcf educational wsit$. guided tours, concerts and
recitals, ffilming and recording fee5, elc amounted lo £10k12023., £9kl.
4.2 R•s•r¥￿ Pollcy
ReseNes are needed both to maintsin the level of the Cathedr81'5 current ad1V￿eS and to enable the
Comp￿tiOn of lortrtèrm pr(4•dg. Chaptèr cons￿&r5 that the CatheLlral should alm to hold unwStri￿ed
r98eNe les*ls lo covar at least six months of ordinary aCti￿lty, bthich at the present tim8 %￿Uld be
approxirnately £90(*. In 2024 th? corstslidated 9ènèral fund r&sèrv&s Sl￿d at £725k in surplus12023- £602k
in 5urplusl.
4a Investment Pollcy
The Chapter aims to ke8p a balancej portfolio ol inveBtrnen18 that 18 risk 8rn1 appropriate to the
purrme$ olthty funds that are fepr6sentwJ by them.
Invesknents In txcperty are to be either ofefficient local rn8nagement or in the fomi of managed
pro￿rtY funds. Perfonnance is measured against incorne yield on thg C8F Property Fund, the property fun(J
mana9ed by CCLA Investment M8nagem8nt Ltd on b8hal ol the Central Board of Finance ofthe Churth of
England.
Inveslm•nts héld through the Church of England C8ntral Board ol FInar￿ a￿ subject to Ihe ethical
guMl8lines issu8d by the Church Of England Ethical Inve$lmenlg Advisory Group (EIAG).
R•$trf¢t￿Fts￿rfs
These fund8 usually arise Irom legacies and donations, and are limited to spendlng on defined purpose8.
Thè p)licy is to achO&ve a bala￿e between capitsl growth aThJ the abilily to realise a$5el$ withln a given
tinEsc81e.
Unr•strkted Fund8
The¥9 funds are used for mar*ging fluctuations in the ¢Ndinary opwalions and to fund fvlure propct$.
The [M)li￿ is lo achieve a mixed portfolD of a55ets capit81 grovrth and those pro￿ding high yiehls
and easy liqurdity.
Endowmom Funds
whe￿ the capital is to be retaned, the policy is to achieve long-lemi income growth, with ￿$S emphasis
on Iw]uidlly.

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
TRUSTEE'S REPORT (CONTINUED)
AS A T 31 DECEMBER 2024
4A In¥è8lm•nt P•rforn)ance
Prop•rty Inv08tm￿ts
Rochestsr Cath￿ra1 propwty in th¢ pre¢wid lo house cl&rgy and slaff, and to for Offi￿. Oth•r
property in Rc¢hèstèr High Straet Is ￿ld for investment purposes and is Trnted cvt on a eommeraal basis
W￿re FosBible to generate fvnds for the daY-t￿daY op8r8tion ofthe ministy ofthe Cathedral. PrO￿rt
were fully rèvaluèd at rnark￿ valuè dunng 20c6r7 and had been pwously revised annually at 31st Decernb8r
vrth ￿ference to a ybld basis lor comrneTci81ty property Bnd an ex1emg1 IT*&x for r9sidenlal property
(Land Registry house price indèx). In 2024 th& Cat￿ra1 Comrne￿￿ a prograrnrng of rolling r8valu8tions
Y￿th a w8w to ￿d8￿[￿j ar¥J cheL*ing the values in a 3 year cycle usirg an approvod desktop rev8luatM)n
method.
Property Inv•stm•nts
Rent81 Income
£'ooo
700
Professional sèMc8S
Other costs
1251
1721
552
Property repairs
Net Income
Yleld on Inve8tmontprnport10s
Capital value investrnent property
Net inc¢The Wgld
CBF Property Fund Incom8 yleld IGr0881
eooo
14.178
3.46Yo
4.3￿
Gross rental ir￿orne has increased to £700k12023,' £814kl, and the net income yield of 3.46% for th& year
¢omparos ￿th 3.46% for 2023. The annval net income yi?Id will vary yèar by yéar d8P8nding on the amount
of c4)ital works carried out in the year. The 2024 yitld Is trtsm the prewous year. It 15 ￿rth notiro that
t￿ benchm8th CBF y*ld Is based on a portfolio ol laryJer COM￿rCial wth rKJ ￿￿dential w0￿rty.
Oth•rlnv•stments
Th& performance ofthe Cathedral's other in¥g¥tsnents is shovm belcw.
Eyulti•s
Pmp•rty
Vaflable
Totsl
Gross incom& from otrtsrinve$lm&nts
lrternst
tooo
tOOD
rooo
£'ooo
Listed in ihe UK
150
163
C95h Dèposits
150
13
Gainslllosse51 on revaluation￿dIsposals
Totsl rnturn on other Inveslrnents
735
38
773
51
937
R•turn on ith•rinv•stm•nts
£'ooo
fv4arket value Df Dther investments
6,245
15.QKJ%
Retum
FTSE All Share
14.55%
-1

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN PMRY,
ROCHESTER
TRUSTEE'S REPORT (CONTINUED)
AS AT 31 DECEMBER 2024
Other Invegknenis Icontlnuedl
At 31st Oecemt*r 2￿24 ¢)Jrtotal inwstsnenls. exdudhg direct propety holdiThJs. totallgj £6.24million
12023". £5.36millionl, of which 94.0% held in equity knnd8. 0.0% in fix￿1 interest stoc*s, s.￿ in
proFerty ftmd¥ and 1.0% in ca¥h.
4S M*intsnanc• Plan for th• Cath•dr*l and its Pr•elncts
A plan for wular routiro fflaintenance of the Cathedral 15 in pl8ce 8nd is man8g￿l by the Head of
Operation¥.
The most recent Quinquenni81 InspertI￿ was catried outby Ihe Surveyor to the Fabric in March 2023.
Considarablè èffort has Wn mada slnc8 the1gSt inspection in 2018 to manitain, repair and Impro￿ th&
cathedral bulkjing and its preartt in Ilne with the Surveyorfs recornrnend8lK)ns. Major projects cA)mpletwJ
in 2024 includéd thè eomplètion of th8 projèct to r8pl8eè of the Cathedral's sound 8ThJ ￿81t￿N SySt*m.' t
restoration oftho collaF6ed section of the Rochester cty wall.. and the ffirst phase gf the Gar￿￿ and
Green 5pace5 project
6 AchSevements and perforn4n¢•
During 2024 the Chapier rewe%%Ed its Strategic Plan. The three key aims a￿."
1. Remain Iwe lo our Ben*itine trad￿On by on$uring Ihal 011 ar¥ *4¢om8, and is ￿lUed
2. Grow ¢c¥nmuniti68 of hopo thrO￿h Pfayer, worshlp 8nd adlon.
3. Grow a more 8Ustsinab￿ and reslient org8ntsation.
Key Alm 1
Re￿In truo to our Benedlcllne tradltlon by•n8urlng t￿1 •ll •ro w•l¢gm•. •nd ov•ryon• l• valued.
A total of 173.488 p￿)p￿ Msited ca￿dra1 in 21r2412023', 187,006}. When tha number of￿)rS￿.pperB
Is f8dtsr•d in. Ihg t¢)tal numbar ol Féopla wi$iling and worshppit79 in the CatMedral1256,4981 is elose to
prewous year {2023,' 257,4161.
The Cathedral's trading $ub$kdiary. Rocl*tèr Cothèdr81 Entsrpria•$ Ltd IRCELI. has rnadg ?xco11?nt
progress in eStabl￿hlng tsdf as a rnajor c<)ntnbutor to th& Catrwdral's inc£Jme. Particularly p￿sIng was
t￿ perforrnance of the café which is now firynly 8stabli8hod as a Rochostsr tsvourittr and is contributing
over a third of RCEL'S incorne. Its success is te5tsment to the commrtment and ambition ofth& Café staff
have work8J b'rele¥￿Y to make it a succ85S.
Aftersevef81 years without a retsil offer the Cathedra's shop wa6 rfrestablishgd in the Norlh Transept In
June 2024. A new Retail Manager was ernployed wth grant-s￿ from the Church Commis5ioneTS'
Cathedrals, Sustainabilty Fund. Tumover exceeded tsrget by 73% in thè sevan months the Shop
traded in 2024 The $u8talftability ol th& $hq) aft&r tha of h¥w•ar grant in 2026 look8 8gsur&J.
Thg cuttural programrne ol oyhibitions, art installations. concwts, graduations and lightshows conts'nuwj to
attract attention and briro ￿ditional visitor¥ lo our door. These events 8r* rn8king an iwKrea$ingLv
impc¥1ant c¢Jntnbution to RCEL'S ouput %thich in tmm is benefits'n9 the Cathedral. The magThficent Fenland
Black Oak Tabl$ on loan to tho C8tl*dral I￿n March 2023 to April 2024 was setbng for 8 larg&
numter ol O￿nts and act1w￿8$ indudlrvJ a prqect ￿lled'Come Eat wrth inspired by the Last Suppor.
Tha highlbJht ttf thè ￿ar was the fabulous Dr8u)nis Roffènsls Ithè Rochester Dragon), erèatÈd in
pathetship with artist Wonty Daws V+tho cocrfdinated the efforts of hundreds of local peCP￿ to cr8ato An
mazing 23metre-long flying thagon whi¢h hung frc*n tha Cath8dral's nave. Commlssioned to ￿lebrate
the 900th anriversary ofthe CreatK￿ ofTextus Roffensi8 tl* draw 8oarnd ovèrvbTtors from June to
S8Pt8mb8r

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
TRUSTEE'S REPORT ICONTINUED
AS A T 31 DECEMBER 2024
K•y Alm 1 l¢ontlDu•dl
Our lourth LuThuralis Ilght show, held in October, was the firsl to fèaiur& imagary from the Cathayral and
was premiered in Rothe5ter. It feats￿ed tha illustrydb.on olthe wonderful dragon in Teytus R¢then8is wtrA'th
up the gre81 ￿5t wndDW and dosed the show. The s￿Ond Rochester Cathedral Jazz Festival.
curated by our mu6tc patron James Taylor. took place ovgr five nlghts In November and fealured the BBC
Big ￿nd, Britten Sinfonia, Laur&nc8 Cotuo, Tim Gadand. Jason Rebello and of ¢oursed Ihe James
Taylor Quartet.
All these events serve to broaden our audience increase the number ol wsitors io the Cathedral. It i8
our belief Ihat they 8180 IKrg8ge thg numbgrs ol people ￿￿rShippIng at the Caihedr818nd diversfy thg
congregation making rt more refiective ofthe comrnunitiès wa sarve. Tha impact ofeach acbwty wa$
he￿htered by frequent activrty on SOCAI media and other content which undoubtedly raivJ aKerenes5 of
the Cathedral and its seNices.
Venue hire continues to be an important dement of our trading activty. The un1ver8￿9$ ol Green￿Ch.
Kent and Christchurch Canterbury all hir￿ the Cathedral ¢0 ¢81obraie thalr studants. gradUatic￿S in 2024.
lfyy Alm 2
Grow Commun1￿0¥ of hop• through pray•r. wor•hlp and actlon.
The Cathedrals, Leaming Team continue to be very active. In 2024 9,390 school-age studènts visited
the Cathedfal, an incrèase of 6.4% on tt)è premous year (2023'.8.8191. This number induded 11
school groups who cam? to see Draconis Roffen5iS, the summer exhibition. Working wilh the
Diocasan Education Tearn, the Diocesan School's Ftrsliv81 w8S again very successful and attended
by over a th￿jsand students frtsm 32 Diocesan prfmary school. Many schools were reguLgr
customers, Teiuming year after year, but many schods wsited for the fir51 time. Sadly, ￿qUeStS for
visits from 25 schools {approx 1,31Y) students) were bjrned (hjwn tecause other event$ We￿ taking
pl8¢e in the Cathedral.
The total number attending seNcfjs in 2024 wa$ 83.01012023.. 87.5481 slightty dcwn on the previous
year. The Cathedral Communty continued lo be well supwted throughout the year by its
wo($hippino communilies and by Ihe Cdlege of Canons, the Friends of Rochester Calhedral, the
Rochester Cathedral Trust and 1he Rochester Calhedral Business Guild.
Further progress was made on the transfoMiat￿n of Ihe Cathedral g8Tdens and open spxes lo
provide an Improved r&souTce for the Cathedral's health and wellbw.ng programmès. Chestnut posts.
swags of Chatham Dod(yard rope and interpretation boards were instsllèd in lime for the June Open
Garden Day which was attended by over 300 wsilors. Rgluthshment of 1979 RSME cL)mmemoralive
sunwner Ih)use in Kbngs Orchard was inf(iated as a wellbeing prr4ed for Military Veterans. FundiNJ
for the materials was secured from Kent Arts and Wellbeing. Volunleers from RSME Brompton,
Gurkha Squadrons ¢￿pletIng their carpentry Iraining, installed the cedar shingles on the roof lo
supporl the veterans from Royal Engineers Assocaalion. Stsined gLass whdows for the
summerhouse. designed by members of the military veteran organlsalions alongside a Ictal glass
Ortist were also in8t8lle¢J. The Colyer Fergusson Tnjst prO￿ded fvnding towards the frt out of a
reception block which w511 in￿888 opportunlbes for sthjol visit5 and events in the gardons.
A grant of £5k from Methay Countyl's Sharèd Prospèrity Fund pad frjr a feasibility Study into the
creation of an accessible Éntrance to Ihe proposed sensory garden from Kings Orch8rd 8nd a grant
from the William and Edith Oldham Charitable Trust lunded an aTchaeologic31 invesligalion to
provide inlomiation into the possibility of opening up an infilled sedion ol the ¢ity wall. The garden
volunleer team have assisted the Head Gardener in garden maintenance and supported in the
delivery of all these garden projects.
-12-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
TRUSTEE'S REPORT (CONTINUED)
AS A T31 DECEMBER 2024
Key Aim 2 (continu￿)
The Dean B a member of th8 PA'8hop8 Sènior Leadership Team and thè C8non Chanr£llor repr8sgnts the
Cathedral on the Medway Intsrfaith Associaton. The s￿11k ol thJste8 Rev. Neil Buther allovrs Chapter to
C4)ntinue to support a nurnber of parishes durirvj lnterr9wun￿.
Much ol the Music Team's 1)cu8 01 th￿ year, other than the continual development of the proffi￿ of all the
Cath8dral mU￿C making, has b88n in cwatiThJ a new Song School to ￿)USe the choirs and devglop the
space into a ￿MMunity rn￿1¢ hub frtUBed on ueab've 8nd welltrkirg. The Cathedrol Choir h8s
bo8n gaining recognition. with [S￿nt performanc8s at St Paufs Cathedral an(J on BBC Radio 4. and to
help support the busy chorister prograrnme, the cathedral 18 now focu*J on how to grow Its m￿[¢
ETrJo%Thnt Fund. We ha￿ been tYJ5y d9velopi￿ tyjr sutttssful Childran's Choir and sCh￿Is Outrèach
Programrne, vknich h85 Stren9then&Y t￿5 betyveen the Music EdLLation Dep3rtrnents. allowffj u5 to
engag• with MO￿ g<J)ool$ and deepen partnershi￿. Flnally, tr* must depgrbnent has arnbttious pla￿ to
aypand Its musScal offèrings and eommunlty èngagèmènt and to this end, it has starta¢J an Earfy Years
music dass lo encour&ae farnilies tt) connect wth the cathedral. Akng5ide this, the music departrnent is
ho￿n9 p￿1￿.¥¢ ￿n￿r$$￿.0Trs atx)ut g¥ponding its acbvitias towards rnu￿c offerfrKJ$ lor 0￿r *lurts.
on￿ Again, we has* to ad(owlegde the support ofthe Caihedra's h￿Je kam ofvoluntagrs, with %thich
we ¢￿Id not ftJn(lion. There are over 300 vdunleers who, in 2024. contributed over 24,600 hows Of￿￿rk
to the C8lhedW. Using National Lottgry H￿nt8￿ Fund guld911r￿S thg valu& of thls ¢Onlribution bas8d on
the type ofvoluntary undertaken rangè$ from £25Ck ttt £50C4(.
Safeguarding remains a key prk)rity and i8 sewn inio every event, ￿tl￿ty. process. and procedural
aspect of Cathedral lffe. Vlctims and SurvNors are paramount in ow polKies and procedures and in
particular wl*n we marked oui annual S8feguariling season In November, which include(J a
LoudFence and 8rt axhibts as wo11 as speaal sèMea6. Our Cathadral Saf8guarding Officer lefi In
August and wil be replaced. Inodents and concerns are investigated and recy)rdeil thorixjghty. With
the implementalion ofthe Cathedrals Measure a Safeguarding CorTThrttee has been crea19d wlth an
extemal chair. The 21Y24-2026 Strategic Plan linked lo Safeguarding Sla)d8rds has been introduegd
d implemented, and there will inspection by INEQE in July 2027. We contiiue to work dosely wlih
the diocesan and national (*urch safeguwding teams. Further infornalion ￿ be obtsingd on the
Caihedral Webs((e Safeguarding pages.
Key Alrn 3
Grow 8 more au8taln8ble and re8lllent organleatlon
The Mai￿ Ile￿$ of work lo compty with tl* Cath￿Iral$ Measure 2021 ¢ame to fruith)n when the
C8th8(Iral achièv8d R8gist8r8d Charity statLts with Iho Charity Conmnission on 6th February 2024. At
same time a new governar￿ structure was introduced which saw Chapter meM￿￿S become
charity Irustees and five new Chapter committees Cp)verfng Finance, Health a Safety. Risk & Audll.
Pr(yrty & Est3t&s and Safeguardlng ware cr8at8d. A sixth committee. Nominatlons, was formed to
be responsibb for fgwbtmenl lo Chaptgr and ts committo¢s. A major programm& ol recruitment to
Chapter and its committees has added many nèw èxtèrnal mèmbers maklng valuable kno￿edge,
skills an¢J experienc8 ardibale to trustees.
The work to restore the C8the(Iral'$ anclenl fabrfc and Improv81ts facllttl8s conllunues. ObEr £20Dk
was spent in 2024 on the restoration. repair and irnprov8m8nl ol Ihe Cathedral building, Infrastructure
and facilitie6. This make5 a total of over £2.3rnillion spent since the end of the Hidden Tre8sures
proi8¢t in 2018. Th8 last Quinquennial Insp&¢tion undartakan in March 2023, rè¢ogni8ed the huoe
amount of work that has lake place to improve the Cathedral buidirvJ and identified no new major
issues. However, a number ol small issues weTr idgnlrfied whith wll be ta¢￿Bd in 2025.
-1

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
TRUSTEE'S REPORT ICONTINUED)
AS A T31 DECEMBER 2024
K•y Alm 3 Icontlnu•dl
The 8ppointm&nt ol iho new Est819s Admintstralor In Aprfl 2024 has a great S1￿c&s$. Tha
8ppoinlm&nt is essential for future Estate succe5$ion ptanning. The le35e5 commerual pfoperties at 62a
High Street and 72 High Street were renewed, resulting in a combined ￿Tht increase of £4.5k p8
Unlortunatoty, the bjsinesg In 70 H￿3h Street went into administrats"on. and tha proparty was vacaied in
November. With the tenant's Femi8$ion, the three-month daposit. hald by Cathedral in a separots
CCLA account, W8s used against the OLtstanding rent that w83 0￿￿d. A 5ucc*s$lul Mewing olthe
property took place in D￿ember and the terrns for 8 new 1Cky&8r190s0 have toen agreed.
lfj'ng'8 School Lease re￿waI$ lor Orrdl Housa, Mac#aan House, and the Old Bursary ￿ra comtyatèd on
23 Daeèmbar, wth a combma¢J annual rent increase of £5,375.W. The kase for the School's ocujpancy
ol St Andre￿9 House Ithe former &'xth Fcfm Cdlagel surrendered on 23rd Decwnber 2024 folIty￿n9
a lerNJthy di18pidaUons proc48S.
Rg4ld•ntlal Prop•rty
There ￿re several ch￿ge$ in tsur resKl8nti81 èstate In 2024. 3 St Mapjaret's Street, formedy a nm-
income generatsng property, has been OcrAjp￿ sinrA January 2024, at a monthty rant of £1.850.
E8$t Canonry in Klno'$ Orthard, has always b8an a house for rBBidenbal dergy. bacamè vacant In
July 2023 folloNMng the departure of ihe Cath￿ra1,$ Canon Precenlor. The proparty was markebj at
monthly rent 01£2.25k and has been crxupth on ? residential tenaney sinc& March 2024.
1b College Yard was vacated by the Cathedral's forn￿r As8istant Dir•ctor of MUSK In August No rnajor
works werg nggded to th8 pioperty. 1c College Yard was vaca￿1 in July 2024 followin9 an 11-yèar
tenarcy. Tha pro￿rtY has underyjO￿ intemal refurbishment. whth was complete£J in November.
Both prOpert￿S were vacanl at the end of 2024.
3 Deanery Gats becarne vacant in March 2024 and rtrmained unoccupled un￿1 Novernber 2024, d￿n9
whth time the propety UThle￿ftt int8m81 rg-dacoration and benefitted from r￿W carpets * flocfing
throughout. With a n8W tenancy effectNe from the end of Septembèr, the rent has In￿ased lo £1.6k
pcm frI￿n the previous monthty in¢ome of£O.85k.
Goneral mainte￿n￿ of the Cath8drol•owned prcpèrti•S and ensuring legislative comFAi8n¢e is on-oty'ro.
4.7 Comm•ntary on the 2024 roBults
Our combired irive6tmenl policy bringing t¢getrertrie prowrty aS￿ratIOnS wbth the in¥Estrnerrts obje¢Dves
C￿tinu¥S to d•liv8r good inv8stmeni retums %thilst maintaining the undtrfyirvJ value of the assets. No
properties were sdd in the year. Future yearn wll efjntinue to beneh"t from this policy,. the Teinvestrnent of
our non-property monatary 8SSOts has already yoduchd gcod results- inveslrnent in¢ome wa$ £164k in
2024.
Congrega1￿81 o)Ileth"ons and giwng, including Gift ￿d, wa¥ £91k in 202412023", £83kl.
The final result on tht unffjstrf¢t8d ftjnd a d&fècit of £22.9k.
R•valuatlon of Prop•rty
Prop?rb&s were r¥valuod 9$ Stgtsd in seclon 3.4.
Net loss on revalu8tiy of property arnounted to £2.77k12023". gain of £449kl. The Cathedr81 uThYertcok
th# rava1u8tion of 14 01 its prcyerty portfolio in 2024. It also agreed to rBvalua its antire estate cydicalfy
ovar a three-year perK)d. It was noted that the revaluation method used by Harrisons Chartered Surveyors
in the ￿ValUing of the propertSes In 2024, was a desktop valuation rn¢thtyJ. vthich Is a deMation trom tr
hi$lori¢al valuabon method ol the Cathedral's estaie.
-14-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY.
ROCHESTER
TRUSTEE'S REPORT (CONTINUED)
AS A T31 DECEMBER 2024
Re￿1￿￿tIon of Prop•rty {Continu•d
Thg Cathedral accepts that thi5 shift in valuaDon moth¢xI rnay have a ngJative impact on tha v8lu8 of I
Cathedral's estate in its fina￿la1 stslernents, until the entire estste has been revall*￿ uTrJ8r Ihis new
mtrthod.
Tradlng
Rochester CatWral Ents￿riSeS Ltd IRCELI ha8 b8corne a rnajor contributor to the C8th8drAI's inMm8.
RCEL income was 0%￿r £520k In 2024 and was ab￿ totransfer over £52K to the Cathedral in 202412023.,
£165kl.
Exp9ndI￿re
0￿ratIng eyndf(ure wa$ w911 Controlled durir4J the ygar With rnost departynerts 8Fending vthhln th•ir
budget limrt8.
Ccrtlu•lon
This Annual Report is the first since the Cathedral became a registered charity and toeam& regulatsd by
the Charity Commi53ion.. 11 eccordirvaty refiects the 8mrAJnt of C￿nGe that has happened to compty ond
become evgn morg Ir8nspar8nt ond rgs11ignt. New committegs and Stru¢¢ures have been put in tyace
vthith Aavè strèngthÈnÈd trjvèmaneè and thè ovèr811 ￿￿'1itY of Chapter to dèlNer Ihe Cathedral's miss￿.
We havg b8en tnjty blessed by the qualty ol Fwple who offered ￿1r serwces to bè members of Cha#er
and the sub CC￿mittee5.
Th8 Cath￿ra1 ha$ continued to support th8 Bishop ol Roch8st8rfs mirristry in Dioc8S8 in variws ways,
from the lic•n$ing ol Lay Loaders and Ordinats'ons to,￿5¥Y cath￿ra1. and Di¢¢esan s¢￿ Servw.
This ￿ continL* to do whilst remaining focusgj the challenges aThJ joys of being1he second ol(Jest.
if not the wldest, Cathedral in ts county. The numberB attendiry the Caihedral have Increasod ?nd
are now seeing a clear eA)relatKJn beh%ten those atteThJin9 the Events Programme arkl I￿rShIp and
th0￿ gnquirirg at<)ut the Christian fa￿th. This ￿ rgflectsd in the number offamili8s and cNldren a￿dIr9
SuTrday Club and those being prepaTed for FiT5t Hoty Communion and Confirrnation. O%eTall. th8
C8thedral wryshippirrfJ community h85 grown younger and rnore diserse. This refiects tho changing
demogrAphic of Roch&st8r and rt8 a￿*s6 to London arm1 tts qu81ty 01￿1$h￿ In the Cathedral.
The Fin8n¢e Departmenl has already created a greater (r)nfidence and stability urhyerthe new Haad of
Finance. and this has èngen(larèd furthar confidanc* amoNJst C8th8(Iral staff. Significant improveménts
ha￿ been made in tsrns of proC￿ures. Further steps have been t*8n tuwards Cathetral's aim to
be a place of *ttomo and hospitalty that refiects rts Bene¢Jcline h8ritage. Thi$ iwludgs ta￿'n9 C￿aT
deci$ion$ t¢ create a ￿atthy culturè. wher¥ all ¥￿ safè and Ihere is a genuine desire to e>pl0￿ the
theological and spiribjal implications of *ellb•ng In accordanc8 Jesus's promisè tt> have life In all rts
fvlnes8 (John Chapter 10 v101.
Tl* Cathedr81 ujntinu￿l to be bold and im8gin8tive in re8L*iffj those outs¢de thg Cathedral's wlm and
in ￿ d6sir• to gs Indusivo as possiblè. This maant continuing to provid8 a saf8 wor8hip space for
rnembers Oft￿ LG8TQ + cornmunty and we ha￿ sought to imprm physical xlxss to bulldings. Sadty,
the nabjre of historic t*Fildings makes aC￿sS for all a chall8ngo, we ￿)Uld likè to hav8 8thEved
rnore. In te￿￿5 of Underst￿Ing norpvisibb disabilitw lnitk￿ ￿8￿￿n9 has be8n untakon that rgfie¢t8 a
more sy5tèm#tictr3ining Program￿ for staff.
The fire of December 2023 iniknated a root and branth In￿StigatiOn ofthe Cathedrd's fire prevenb.on
systems. Perhaps, inevitably *eakness' In the systems have treen lo￿￿. My thanks forth¢ hard woth ol
all those involvéd. Funds now naad to be sought to impl￿￿nt tl* recommandations.

CATHEDRAL CHURCH OF CHRIST THE 8LESSED VIRGIN MARY,
ROCHESTER
TRUSTEE'S REPORT (CONTINUED)
AS A T 31 DECEAIBER 2024
Concl￿10￿ Iconilnuedl
At tha heart of all this acb.mty there 15 the still srnall vryce 8$ ￿ $9ek resl in God. This can sunetimes te
challenge all the pressure pL8¢ed on a small Cathedral. The flexibiltty of the Mu81c and Litur9y
DoP8rtrnant to maet the changing demands on the cath￿Iral i¥ one of th8 most signiflcant devdopments.
If days are active and noisy there is that undedying Stillness. The day begins with silence and prayer and
at event￿e, possibly son9 but always prayer. ￿ thanks to Colleagues. staff and vdurtger¥ make
thi$ possible.
Very Rovd Dr Phlllp H￿kOth

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
STATEMENT OF TRUSTEE'S RESPONSIBILITIES
AS AT31 DECEMBER 2024
Th8 Chapter are responsible for preparirvJ the Tru51ee5' Report and financi81 stslerrEnls in accordance with
applicable law and United Kingdom Ac￿untIng Stsndards Iunrtgd Kingdom GengRlly Acceplgd Accounting
Practi¢el.
The applicable to tharities in England and Wak88 require8 the trustees to pr8p8re Ilnancial statements for
h financial yearwhi¢h give a INe 8nd laii wew of the stsle of affaks of the tharty and of the Inrxjming
resources and application of resources of the charity for thal year.
In prepaiing these financial ststtmonts. the Chaptsr are r8quir8d to..
- select suitable accounting policies and then apply I￿rn ¢onsistsnUy',
- observe the methods 8nd prinuples in the Charities SORP,.
- make jLMJgements and e51imales Ihal a￿ reasonable and prudent,.
- slate whetheT appli¢8ble 8ccwnling stsndards have been followed, subject to any material departu￿8
dlsdosed and explained in the financral sta1emenls', and
- prepare the financial 51alements on the going con(*m basis unless11 1$ Inapproprlate lo presuff* that the
charity will ¢￿tInUe In oper8I0n.
Th8 ChaFlar are responsi￿8 lor keeping suffiaenl accounting records that disclose with reasonablo acLuracy at
any lime Ihe finanual positson of the eharlty and en8ble Ihem lo ensure that the finan(a81 stslements compty with
the Ch8riti"&s Act 2011, thè Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust
deÈd. They are also responsible for safeguarding the asse15 of the charity and hence for taking reasonabk $tep$
for the prevention and detection of fraud and other irregU￿rI11eS.
-17-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF CA THEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN
MARY. ROCHESTER
Oplnlon
W* ha￿ auditorl Iho finan¢lal statemenls ol Cathedral Church of Chrisl the Blewd Virgin Mary, Rochaster It￿,￿alty.)
for the year ended 31 DecerntEr 2024 which ¢omprBo thg consolidaed statement olfjnancial a¢tNitiOS, the Gr¢up and
Cathgdral balan￿ sh8èL the consolidat•d statamènt of cash flow5 and notss to tha financial stst•rnsnts. induding
significant accounting policies. The financial reporbn9 framework that h85 been applied in their preparation is applicab
law arid United ￿ngdorn Accounting Sl8nd8rdg. includlng Flnancial RePOr￿ng Standard 102 The Finanri* Reporting
S¢anda¥d applicable In Ihe UK and Republic of Ireland Iunited ￿.ngd0rn G•narally Acc&pt8d AcLountir¥J Practice).
In our opinion. the finanual stBtW7)gnts'.
givè 8 true and fair waw of state of the groups and cathèdral's aff8Irs as gt 31 CecAmt*r 2024 and of rts
n￿MIng r9sour￿$ and appllcation of resowces, for the year th8n èndad.,
hava ba8n properly prepared in acrnrdance wth United Ki￿d￿) Generalty Accept&J AccountiryJ PraCt￿e..
and
have téen p￿par&I in accordan￿ witti tt* requir￿￿n￿ ofts Charftles Act 2011.
BI￿￿ for 4)pSnlon
We conducbj our audit in accordance vthh Internallongl StsTh18rds on A￿JitIr￿J {UKI IISA6 IUKII aThJ applicab￿ law. Our
rèsponsibiliti6S und•rthose Standards further described in the Audrtorfs responsibilitias for the audit of thè finanaal
st8tèm•nts s•ction of our report We are indeFen¢*nt of the tharity in accordan￿ the ethical requirements that are
relevant to our 8udl( oflhe ffinenci815tstements in the UK, induding the FRC'S Ethic81 Stsnd8rd. and have fulfilled our
¢)thgr ethle81 rgsponslbllrtles In acLordanc8 these requirernents. We tr*li9V& that th8 audlt 8vKJenca ￿ have obtainod
sufficient 2nd appropriala tts prtsvida a ba￿S for our oy"nKJn.
Coneluslon r•latlng to golng ￿nCern
In auditing the financial statements. we have Con￿￿ed that the trustees. use of the going concèrn basis of
(£*Un￿ng In the preparation of the finanLi81 statemènts is appropfk?le.
Based on the work we hove ￿rformed. we have not identified any material un¢ertainti8s rglating lo &vgnl$ or
conditions that, individually or collectiV81y. may ca51 svJnthcant doubl on the group's and Cathedral's ability lo
continue as a going conc8m for a period of at ￿￿51 ￿e1Ve months from when Ihe financial 5talemenls are
authorised for issue.
Oui responsibil￿￿$ and resF*)nsibilibes ol the trustees wlth respect lo going concern are described in the
rdevant s8ctions of this reporL
Oth•r Inforniatlon
The other inlormalion comprises th¥ inftjmation induded in the annual report other than the financial 5talemenls
gnd our audilorfs repurt thereon. The trustees are responsible foi the other infom8tion ¢ontainèd wilhin th• annual
report. Ouf opinv)n on the financial statements does not cover Ihp other infomiation and we do not express any form
of assurance conclusion Ihereon. Our responsibility is lo ￿ad the other inf0m￿li0n and, in doing so, consider
whether the other inforrnalion 15 materialty i￿onSi$t$nt with Ihe financial stalen*nts or our knowledge obtsbned In
the courne of the audit, or otherwise appèars to be materially misstsled. If we SdenlFfy such m8teri81 in¢onststen￿eS
or apparent material mi5Stalement$, we a￿ required lo determine whelher this gives rise10 8 m8leri81 misslatsn*nt
in the fin8ncial st*ements themselves. If, based on the work we have perforft￿d. we eondude that there is a
material misstslement of this other information, we are requwe(I to report thal facl.
We have nclhing to reFDrt in this regard.

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO ThIE TRUSTEES OF CA THEDRAL CHURCH OF CHRIST THE BLESSED WRGIN
MARY, ROCHESTER
Il•tt•rn on which wo am rwulrnd to r•p•rt by •xc•pt14)n
Wè have nothing to ￿￿K)rt in respect ol the following matters in relation to hthich the Chaiities (Accounts and Reports)
Régulatiorts 21K)8 require us to report lo you il, in our opiniw..
the inforynation given in the staterngnts ￿ in¢M$i$t&nt in any matehal ros￿¢* the truste￿.
Port or
suffick8nt accounlNJ fgcords have not ￿en k&pt.' or
financi81 staternents are not in agream•nt with thè attountiNJ r8eords-, or
ha￿ not re￿IVed all Ihe informab'cfi and expL8nations ￿ require for our audit.
ResponslbllStlg8 of trustss¥
As expL8ined more fijlly in the 5tstem•nt of trusbès, i•spOrtsibilit￿, th• tNst8as ar• responsibl• lorth& pr¥)aration of
thè financial statements And for ￿"ThJ sakn"sfied that they give a true and fair view. and for 8uch intemal control as the
ste88 dele￿in8 15 nèc8SS8ry to anablo prapapa*"on of finanaa1 statomènts that are fr88 from malarial
misstatsment, vtheth8r due to fr8ud or error. In prepaiing the financial statements, the truslees are responsibb for
assessing the charity'$ ¥b"lty to continue as a gcing co￿eM, disclosing, as applicable, matters related to going
concem and uglng the gow concem basis of accounbr#J unless truslees either intend to cease operatB)ns. or havg
no rea115tic alternati￿ but tg do 80.
Audltorf• rnjpon8lbllltj￿ forth• audlt of th• Ilnanelal #tat•m•nts
We have been appointed 88 audrtor under sectKin 144 ofthe Charities Acl 2011 and repcit in accordance wth the
Act and rèlèvant regulalions made or having effect thereunder.
Our objecb'ves are to obtsln reasonable assurance atr￿ut whether the linan¢ial stateff*nls as 8 whok 8re free
frc4n malerfal mlsslalen*nl, whelher dug lo fraud or eThor, and to issue an aLbdilor'5 report that ir￿ludeS our
oplnion. Reasonable assurance Is a high level of assurance bul is not a guarantee that an audit ccfflducted in
accordance w61h ISA8 (UK) will aN¥ays ¢Jeted 8 materi81 misstatement when it exists. Misstatements can arise
frLYn fraud or error and are consMJgrgJ material if. indmdually or in the aggregate. they could reasonably be
expoclad to influance th8 eojnoffllc deci5ion5 of users taken cn the basis of these fin#nThal statements.
-19-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRusfEES OF CA THEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN
MARY, ROCHESTER
AS pgrt orgn oudit in accordance with ISA6 (UK) èxercise prolgssional ludg8ment maintain professional
Bcepticisrn throughout thè audit. W8 aLso'.
Idgntify and asse55 the risks ol materi81 Missta￿ent of thè financial ststgm8nts. ￿&ther ¢Jue to fraud or error,
design and p8rfo￿n audrt procthyurgs responslva to those risks, and obtain audit evidence that is Sufficient and
appropriaie to providè a basis for our opinion. The rBk of not de*ting a material m155taiement results.ng from fraud is
higher than tr ¢Me resulting Irom error. as fraud rnay involve collusion, forgery. Intentional omissions,
misrepresentalioThs. or thè override of Intsmal (￿ntr￿.
Obtain an undorstar￿lng ol intèmal control relevant to the atKIrt in order to deswan gudit procedures that are
appropriate in the circumstances. Iwt mt forth8 purposès ol eXp￿SsIng an opinKJn on the effectiveress of the
Cathedral's int¥m81 control.
- Ev81u81g thg 8pprcpri8tsn&ss of accounting poliGe6 used and the wsonableness of ac￿untI￿j esl'mates aThY
related disc105ure5 rnade by the Chapter mtmbèrs.
Conclud8 on the appropnatewss of thè Chaptsr membars, use of the going concern basis of accounting and, basod
on th8 audit evidence obtained. whethèr a material Un￿rtalntyeX1$ts related to events or conditlDns thot may cast
significant doubt on the Cathedral's abilty lo ¢onb'nue a¥ A going concem. 11 conclude that a material uncertainty
exists. w8 are i&)uirad tts draw attention in our audrtorfs report to the related disdosures in thè financial statemènts
or, ￿ such disdosuras ar• Inadaquate, to modify our opinion. Our ¢onclu5ti?ns ara basad on Ihe audit evidence
Dbtsined up to thè data ol our auditor's report. H￿ver, future event8 or ¢ondits'on$ may cause the Cat￿ra1 to
cease to continue 88 a going COn￿rn.
Evaluaie the overall presentation, and contsnt ol the financial SIatew￿nts. i￿l￿dIr￿ Ihe disd0su￿5, 8Tr
%thgther Ihg financial 5t8tem•nts rep￿Sent the U￿er￿Ing trans8¢b'on$ èv8nts in a manmr that achieles lair
prèsantath"on.
W• communicat8 With those charged with gJv8manc• rngaydiro, wnc*)g other matws. the planned 9¢o)tt and ts'miro of
the audrt and sKJnffieAnt èudf( fiThling8, induding Any Bignificant der￿e￿Ie5 in intsrn* conlml that %4* Identify durfng our
-2(

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CA ThIEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN
MAR Y, ROCHESTER
Expl•n•tlon *0 to what $xt•nt¢h• ¥udltw•• ¢on•ldgrod ¢ap4bl• of d•te¢llnll In•gularltlM, Includlng fr•ud
Iwularrties, indtyjing tr￿d, are in8tancEs ol non-ccrnplian¢e with laws and regulations. We desNJn pro￿du￿$ in li
wilh our respon811ilitw. outlined above. to detec4 material miyststements in reS￿¢t of irregulanties. including fraud.
Tha axtant to vthich our proc$du￿ ar8 C8pabl• of do￿tting I￿gUlaritIeS, includlng fraud is detww below.
The of our audf¢ in respeth of fr8ud, are.. to identify and asse9S thè risks of materi* rnisBtstsment ofth•
finarKial slaternents due to fraud., to obtain sufficient aFprcpriate audit eVide￿e regwding the assessed risks of
materi81 mi88tstement due to fraud. throwh dosigninll and implèmenb'ng approprfale re8pon8e8 to I￿15e Assessed
Tisks.. and to respond approprkgtely to instances of fraud or suspected fraud Klentified durirrfJ tha Ho%%Evgr, the
primary responsibility for the prevention and detects.on of fra￿j rests wth rnon8￿rnent and those char9ed wilh
govemance ofthe C8thedr81.
Our approach was as followB
- We obtair￿￿ an und¢rst8ndlng olthe legal $nd regulatory reg￿rèm•nts applicable to the Cathedral And
conskl&r8d that th8 most slgnlfieant 8r• tM Cath8drols M8asurn 1999, the Cath•dral SORP, and UK finandal
reporting standards as issued by the Finan(aal Reporb'ro Counral.
- We obta￿d an understanding of how the Calhedr81 cornplies with these requiremgnts by dlgQJ$8ions with
mAn8yèmèntarKI thosè chargtd wrth g0￿mant•.
- misstatement due to fraLAI aThJ how it rnight occu. by holding discussions wth Manag￿￿￿nt *)d th)5e charged
with govem8nc8.
- We inquired of monagement and those charged with govemanc4 as to any kr￿ inslan¢x$ of rK•n-
mpli8nce or suspected non<cmpli8nce wth laws and wulatlgns.
- Based on this understanding, ts8￿ned SFeufic 8F*)ropri8te gudit YO￿￿ureS to thnb'fy in8tsnces of non-
ompliane4 la￿ and regulaton$. This inrjudej m4king enqulrias ofm8rwgem8nt aTrJ thoso chatgad With
g0￿Manc8 and obtaining additional corroboralw •￿￿8nce as requi￿.
The￿ a￿ inherent limitations in the aL*Jit proc9ju￿B described atKJve. We are kss likely to beccme awarè tsf
Instances of non-compliance wth law3 and r8gulations that are not closdy related to gvgnts and transactions reflected
in Ihg financial stataments. ALSO, thè risk of not detecting a material mlsstatemont du• to fraud is higher than the risk of
not detecting one from err¢T. 8$ fraud may invol* delitr*rate ¢on¢e81ment by. f¢r eXam￿e. lorgary or
intentional misrepresentstions, or through ￿laus1On.
UB• of our roport
Th13 report Is made golely lo ¢hantys trustee8. 88 8 tody. in a¢¢ord8n¢* ¥￿th part4 ofthe Charities (Accounts
Report5} Regulatiorts 2008. Our audit has baan undartakèn so thal mEqht slat• to th& charitys trn￿eS thosè
rnatters we are required to State to them in an a￿ltr)rtS report and Ic( no other purpose. To the fullestextent permitted
by law, ￿ do not a¢￿p1 or 8ssum¥ rosp¢n$ibilty to any¢n* other than the chorrty and the charity 8 truste88 as a b¢)dy,
for audit worK for this report, or for the opiniorffj we have foNned.
-21-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CA THEDRAL CHURCH OF GHRIST THE BLESSED VIRGIN
MARY, ROCHESTER
K ' LII
M(x)re Kingston Smrth LLP
Statutory audr(or
Date 0611012025
9 Appold Streel
London
EC2A 2AP
MoLTrre Kingston Smith LLP is eligible to act as audrtor in terms of Section 1212 of the Companies Act
2006.
-22-

Ln
¢D
(£ u

CATHEDRAL CHURCH OF CHRIST THE 8LESSED VIRGIN MARY.
ROCHESTER
BALANCE SHEEr
AS A T 31 DECEMBER 2024
2024
2023
Not••
£'(y)o
eooo
Flxe£l ••wts
Tangibk• ass•ts
lnveslment pro￿rty
Investments
14
4,685
11,709
5.447
21.841
4,658
14,452
5,897
24,807
16
17
Curr•nt ￿•ts
Det*tors
213
282
agh at bank aThY in hand
183
146
376
428
Cr•dltorn: *nounts falllng du•
wmhln on• year
21
15301
13411
t curr•nt {IlabllI￿eS)1￿8ets
{1541
87
Totsl 388•ts1•s8 cunent Ilabllltie
21,687
24,894
Credltors: amounts falling du• *ft•r
morè than on• y•ar
21
13001
Not 498ets
21.687
24,594
Th• funds ofth• ehorlty
End¢Mnènt lund$
Restricted bJndB
23
20,743
442
23,473
UnMsirict&Y funds- 9ènèr
Unre$trioted fund$- D8sb3nated fiJThYs
297
205
348
21,687
24.594
The fin8n¢ial $t8tsm&nts %%*re appro￿ by the Chapter members on ...
-25-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
CONSOLIDATED BALANCE SHEET
AS A T31 DECEMBER 2024
2024
2023
Moto$
£'ooo
rooo
£'ooo
Flxeil a#8•1s
Tangible assets
Investrneni prq)¢ty
Investrnents
14
4.885
11,709
5,447
21.841
4,658
14.452
5,697
24,807
17
Curr•nt
Stod
21
20
300
Debtors
21
232
Ca¥h at bank and In hond
212
181
501
Crndltor•: amounts falllng du•
wlthln y•Ar
21
16151
Ng1 cufftnt Ill•bllltl••llu••ts
11501
129
Total a88•ts l••¥ ¢urrnnt Il*blllfl•s
21,691
24,936
Credltorn.. amounts falllng du• aft•r
morn than one y•ar
21
13001
t as••ts
21,691
24.636
The fund8 of the c￿rfty
ETrdowmènt lunds
R05tricl* lunds
20,7
442
23,473
405
Unte8M¢twl funds- general
Roches*r C8thedr81 Enterprfses
Unr85tneted I￿￿8- Designated fuTh#$
297
388
42
205
21,691
24.636
Th• financial statements were approNed by ihe Chapter memtr*rs on........ .... .... ......
Truj
-26-

CATHEDRAL CHURCH OF CHRIST THE BLESSEDVIRGIN MARY,
ROCHESTER
STATEMENT OF CASHFLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notos fOOO
ro
rooo
Cuh flotM from op•ratMig aetiviti•#
CAsh 8bsorbed by oteration
32
18481
{1,042)
Invosllng actlvlllg•
Pur¢haBe oftangible fwy assets
Pwchase ofinvestmenl prop8ty
Pur¢ha$8 ofother Inve3trn8rts
1531
{28)
18)
158
772
Proceeds from (Jisposal of olher in￿stments
Invèstmènt incom8 r8c•iy8d
391
N•t c￿￿ g•n•rnt•d from Inve•tlnq
4ctlvltl•8
1,194
922
Finanting aetivili•#
Re￿yment of bxnk loaft¥
13151
71
13151
17)
Net ¢oJh luged Inygengrnt•d from
flnanclng I￿¥111•0
Net Incr•a•el{dKrea•el In ¢••h and
ca8h •quival•nts
31
11271
Cash and c8sh ￿uiva￿nts at thg Winning ofyoar
181
307
C￿h •nd ¢••h •qulvol•nts at lh• •nd ol y•ar
212
180
R•latlng to:
Cash at bank and in hand
212
180
Bank overdrafts IndUd￿ in creditor6
payable within one year
-27-

CATHEDRAL CHURCH OF CHRIST THE 8LESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng poll¢l
Charfty Ib)fomiallon
Cathedral Church of Christ the Blessed Virgin M8ry, Rochester is a reglslered charity {Reg. No 12069￿) from
8th February 2024. The Cathedral is govem8d by the Cathedrals Measure 2021 and the Ro¢hestgr Calhedral
Constitution and Slatules dated Novembgr 2￿23.
Con8011t1allon
Tha financaal statements con$ol#Jate Ihe resutts of the Cathedral and its wholty owned Subsidiary Rochester
Cathedral Enterprises Ltd. In addition the Cathedral is Connecled with various entities which do not meet Ihp
¢yiteria for consolKlation. Further delail$ are prowded in not8 32.
1.1 A¢¢ouniing ¢onv•nUon
The financial stalgmgnts have been Prepared a¢¢ordancè with tha Accounting and Reporting Regulat•)ns
for English Anglican Calhedr81s, the charth.ès Act 2011, FRS 102 'The Finanaal Reporting Stsndard
applicable in the UK and Republic ol Ireland. fFRS 102.1 and the Charthe5 SORP'Accounting and Reporting
by Charities.. Statemènt ol Racomm8nded Practice applicable to charitts preparing their accnunls in
g¢cordancè with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021-.
Thg ¢harity 1$ a PU￿1¢ Benefit Enlrty as defined by FRS 102.
Tha financial statefflen15 are prepared In sleding, which is tha funcb'onal rajffency of the charity. Monetary
arr￿unts in these finanual statements are roundèd to the nearest £'C￿.
The fin8ncial $tatem8nts have b88n pyepared uTrJer the historical eost ￿ventiOn. Imtrarfi6d lo indudè the
revaluation of fra&hold propertie5 and lo include inve$lmgnt properties and certain finanoal Instwments at falr
valu81. Th8 princ4pal a¢xx)unlÉrKJ policiss adopted are set out below.
1.2 Golng Conc•m
The Chapter has d)M$idered whetherlhe use of the going conc8rn basis of accountiThJ 15 approwate. To do
thls. they have considered whether there are any matèrial unc8rtainlie5 a5 to the C*h&dral'$ ability lo
ontinue as a going concern. They hav8 carriad oui this assessment for a period of at leasl one year Irom the
date of approval ol Ihesa ac￿￿nIS. they have conduded that there a￿ no material uncertainties about the
Cathedral's abilrty to continue as a going con￿rn and thus continue to adopl the g￿ng concem basi5 of
accounting.
1J Charltabla funds
Unreslrkled fund5 are available for use at Ihe discretion of Ihe Iruslees In furt￿rance of thgir charitsble
objectives for both capitsl income.
Designated funds are Unrest[￿ted funds set aslde by Chapter for specifK purposes.
Restricted funds are subject to specAfic conditions by donors or grantots as lo how they may be used. The
purposes and usès of the restl￿ted fvnds ale sel (xjl in the notgs lo the fir￿n￿81 statements.
-2

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (cO￿riNUED￿
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng poll¢l06
IContlnu•dl
Endovmienl funds are subject to conditions by domrs that Ihe capital must be mainlained by the
charity.
1.4 Incom•
Ints)me 18 recognised vthen the charity i% legalty entill&Y lo it after any performance conditions have been
mel, the amounts can be measured reliat4y, and il is probable Ihat income will bè received.
Cash donations are recognised on receipt. Other donations ale recognised cfftce Ihe chority has been
notlfied of the don81ion, unless perfiyman¢e (x)ndf(ions rgquifg deftrrral of the amount. Income lax
recoverable in relation to donations receiv￿ under Gtft or deeds of ¢ovenant 18 recognised at th8 tim8 Of
the donation.
Legacies are recognised on receipt or otherwise if the charity has been notrfied of Hn impending di8tribub'on.
the amount is known, and rerEipt 15 expected. If the amount is not known, the bega￿ is treated as
)ntingent 8sseL
Grants are defined as sums receivable from tru51s and putlic bodies, paymeni ofwhich is detemiln&J by
compliance with agreed Cnteria. Grants are 8e(xJunled lor w￿n duè
Inv8Stment ineome is recognised in th• accounls in th8 ￿rIOd in which it eamed.
1A Exp•nditu
EX￿ndrtUre is recx)gnis8d orK£ thèrè is 8 légal or eonstructNe oblig8tK)n to tr8n8fereconomic b9nafit to a
third paty, it is probable that a transfer of econom￿ benefits will be requred in settlement, and the amount
of the obligation can be measured reliably.
Exp8n¢Jlture is da$sSfigd by actlvity. The ¢osts of $8¢h a¢*vty ar& made up of the total of direct costs and
shared o)sts. induding support costs invdved in undertaking each aclivity. tXre¢t ¢08ts attrbbutable to a
single activity are allocated dreclly to that aclyvity. Shared costs which contribute lo ￿)re than one activity
anil support o)sts which are not attributab￿ lo 8 single actiwty are 8PPOrtioned behveen those aclNltles on
basis of Ihe nun￿8[ of full-ti￿￿ staff in each d8partment.
EX￿nditur& d8ssif*d undÈr the fol￿ng headings..
- Costs of Taising funds comprise the costs ol commercial tradiThJ and Iheir assoc48ted SUPFX)rt costs.. and
Expenditure on charitable activitie5 inC￿deS the costs of actimties undertaken to furthor Ihè purposes of
Ihe C8the(Ir818nd tt*ir 8ssoryated support ¢X)sts.
IrreCoVerdb￿ VAT is charged as a cost against the activty IOT which the experKliture was incurred.
1.6 Tanglble fixed asg•ts
Tangible fixed assets are initially measured al cx)st and subsequentty measured at cost orvaluation, net of
d•predatlon aThJ any Impalmwit lossas.

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Ac¢ountlng pollcleB
IContinu•d)
1.6 Tangibl• fix•d as*•ts
CekYecl8Uon Is recognised so 85 to WTits off th& ¢o$t or vthaUon of a¥¥gts less th•ir msidual val￿5 ovortheir
Useful livss on tha folkming bases..
Fwhold bnd and buikding5
Flant and equiprnant
FNtures and ffithngs
Computers
T*nporory ￿lI￿rr@S
No daprncAats'on char9ed
5 years str8&ht lfft•
5 years ¥lraight linè
3 ￿arS stralght line
15 years strawht lin&
The gain or loss arising on th8 disposal ol an asset is deierrnined ¥5 the d11kn￿e betsve&n ts s8Je proL*ed$ 8NJ
Ihe earyiryj value ol the asset, and 15 rècogni8ed In the stOtem8nt ol finanlaal 8¢tNlbag.
1.7 I￿￿%￿nant P￿￿rtY
Invtsthent prcpety, which is propety held lo eam rentals 8TrJlor fcf ¢apit81 appreaA*on, is ￿th"ally recognised al
¢0gt. wltlch indudes the purchas8 COSt and any directly altr￿uta￿b expenditure. SUbs￿U￿nUY it is m8asur8d at
18ir valu& at th8 reportiro end date. Th8 5urplvs or daficit on revaluation rècegnised in profl or loss.
The Cathedral's policy is to cary out an intem85 rwaluats.on by referencè to est8bll$h8d Indlc•s and to instigate
lormal revoluabons to tho properties every five years or when considar8d nocessary.
1￿ H•rftag•
Heritage ossets indude the C8lhedT81 and anullary buiklings and Ihe items In Ihè nventory prepare(J under SeCt￿n
24111 of the Care of C8lhadraLg Maasure 2011. No valth8 h88 been attributsd to these assets acquired befora 31
De¢embef 2018 due to infornabon on ttreir histoital cost nol beirg availa￿&.
Items dwated lo the inverrtory 1 January 2019 8r$ v8lu8d In the year ol acquisition and shtr*n as a
95set unk*s there is in8uffia$nt Inlormation to Teliably estimatè th• valu8 of the asset.
1.9 Flxgd 458et In¥￿tmOnts
FiKed ass•t inv•StM￿ts are initr'81ty Me￿￿￿ed at transaction price ex¢luding transaction costs, and are
yjbsequently measured 8t fair value èt each reportiTrJ date. Changgs in I￿r value are recognised in net
incomèllexpenditure} for the year. Transacti￿ ￿$ts eypertsay as incurrgj.
C8thèJral doe5 not invest in put options. derivativ&$ or olher COMp￿X financi81 instruments. The maln fomi of
flnanclal risk fa￿d by Ihe Cathedral is th* of volatillty Sn markets and inwsDmgnt markgts due to wlder
economic conditKJn$, Ihg gth"tudes ol Investors to investment risk, and thanges in sentiment concernirrfJ &]uthes
)nd within particular $￿t0[$ or subsectorn.
1.10 Impairm•nt olflx•fl a88ets
At each Teporting end date. the charty remews the carryro amounts of its tangiblè as8ets fv d&teM)I￿ ¥thether
there is any indication that 1hose 835els have guffered an impairnent loss. 11 any s￿h indration exists, the
recever*l8 Arnount of the 0s5ot ￿ gstimatad in order to detsrnirE the ttxtent ol tho impaimient kjss lif any}.

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY.
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢countlng pollcS•8
IContInu￿)
1.11 C••h •nd ¢••h 94ui¥•l•nts
Cash and cah ￿U￿￿antS Indud• cash in hand. daposlts held at c411 wth banks, olher short-tèmi Ibiuid
invesbments with original maturities of three rnontrts or less or cpeniTrJ ol the deposf( orsimilar account
1.12 Financial in*trum•nts
Th? ¢harty has elèct￿ to 8pr4y the prowloffj OYSe¢Jon 11 'Baslc Financ1* Instruments, and Section 12'0ther
FIna￿la1 I￿trUments Issueg. of FRS 102 to all of ts financial instruments.
Fin8wial instrumants are recognised in the charity8 balance sheet *fien the charity becA)meg patty to tha
contractU81 p￿Sk)n$ ofthe instnjment
Financial assets and liabilities are offset. %%ith the net amounts pre8enled in tke financial statements. bvhen there is
8 Iggalty ¥nfor¢g8ble rigm to set off the recc4Jnised amounts and Ihere is an Inlention to s*tUe on a not basis orto
realm the asset and Gett￿ the labilty BimuNaneously.
8aslc financl•l assets
Basic financial assats, indLKle d8btors aThJ cash and bank baLgnc45. Trado and othgr d8btors are rèccgnised at
the settlement amount due after any trade discount offered. Prepayments are valued at the ￿OUnt prepaid net ol
8ny Ir8dg discounts due.
88￿C flnanclal Il•bMltes
B85ic financial liabilitiès, Ind￿￿1r$ creditors and proms10￿ are recognised al tranSaC￿On price wh8r8 th? tharity
ha¥ 8 present oblvJation r8sulb.ng frorn a past •v•nt that￿11 probably result in the transfer of lunds to a third party
Or￿ the amount due to sett* the obligats.on can be measur8d ol e8*'fflated reliabty. Credrtors and pw¥ioro Bre
normally rewgnised at their sett￿l￿ent amount after allowing for any trae discounts due.
Dorncognttlon of Ilnanclal Ithbllltl•s
Fina￿￿￿1 liabilths are derecognised %then the chaiityg contraclual obligation5 ex￿re orare discharg8d or
cancelled.
1.13 Sto¢k
Retail and catsring stod(s are stated as Ihe low of cost and rièt rèalisablè V#￿tt. All th? stoc*s aro hdd In tha
subsidiary company.
1,14 Ernployg• bononts
T8rminath)n berefits are re￿gnISed ￿rn￿l￿telY as an exp8n58 when the charity K8 demgn$lrably ￿mMitt￿l to
téminats thè èmploymant of an &mploye• orto promde termination benefrts.
P•n8lons
Thtr Cath￿ra1 particapstes in the Pension Builder Sch&ne of the Church Workers Pension Fund tr lay stsff.
The scheme 1$ ¢OllSKler* to be a multi4mployer 5ch8me as d•5criL*d in Sadion 28 of FRS 102. Itls th8refore
not PDS81ble to atlribute th8 Pension Builder Scheme's a380ts and liabilit*s to 8perAfic emp￿yers. The
conin'bubons are accounted lor a5 il the Sch￿ne %s*rg 8 deffined contribution scheme and charged In th8 SOFA
during thg ￿r51h8n the C4JntribuOons became payabk.
41-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting poli¢1
IContinu•d}
1.16 Thlrd party r•c•lpts and payments
Thg chU￿h CLThmis5K)wrs pay stipands ol the Dean and the hvo Commissionerfs Canons. The amounts are
shown in a restiicted fund in the S￿t￿ent of Fin8n¢i81 Act￿lies. both under grants racewed and under cl8ryy
rlueal aeeountlng g•tImat￿ and ludggmgnts
In Ihe applic8th￿ ofthe charity's accounting policieg, thè t￿18¢9 a￿ requlred to make judgements, estimate6 8nd
assumptitin$ ¥bout the canyirrfJ amounl of assets and liabl1￿.￿9 th8t ar¥ not readily apparent from other sourc96.
e8timates and as8ofAated a55￿ptiOnS are based on historical eX￿rienCe and othèr factors that arè
$•Jer¥d lo bg r¥bvant. Adual results may differ from 85timat•s.
trstirn8ts8 underlylng assumptions ar8 remewed on an ongoing basi%. Ravlslons to accounting ests'mates
ara rècognlsad In the period in which Ihe esbm¥ts i¥ ￿￿1$ed wher* the re¥￿￿)n affects only that period, or in the
pe￿d of the revision 8nd future periods whèrn th8 r8wsion affects both current and futu￿ ￿ri(XIS.
C￿11￿1 ludg•m•ni•
lrnpalnnent R￿l•W
Dete￿Ing whether fftara arè indicators of impairment of the charitls tanglbl• assèts. Factors taken into
considerabon in ￿aChIng such a deTh3ion irKludè the economic *iability and expected fuiure p&rfom8ru of th&
a5seL Where indicators tr￿st imp8im•nt rgw9ws are carrbd out on the tharitys tsffji￿e assets. Factors taken into
oMMlÈration in rè8ching such a daU￿on i￿ude the econornic ¥iability and expected future perf0mla￿
Soum• of eotlrn•tlon une•rt#lnty
T#nglbl• Flx•d A￿•ty
Tangib￿ fixed 8ssetS 8re depreci81&1 their usefijl lives takiry intts a¢count r8shJual valu8s, vth8ro apprcpriatg.
The actual lives of tho o$sals and their TesKlual wal￿5 are a$se5$8d annually aThJ may vary thpendi￿ on a
number ol factors. In rww85ing asset livas, factors such as age and ttjture e¢on¢ynl¢ ben¢fits are taken Into
account.
V8lu•llon ol Fr•ohold and Inv•8tm•nt Proporty
A6 dgscribed in note 14 army 18 of th8 financial staternents. freehold proFérty is s18ted at foir value. The Trustees
ha￿ assessed this and based on reference to oJrr•nt market date, valual'ons, location and Cond￿on of th&
properties consider thern to be st8tsd al fa￿ valua. HO￿ver. the rise in intsrost rates and inflats.on havfy ¢Ausèd
$ignifl¢ant disruptlcfi and Un￿rtaInty in the UK property mart•t whith has inewtsbly increas&1 Ihe degree of
judgement in the prcyerty v8lu8tions at thè balarte sheet date.
42-

iy
111
131. 55151111 IÉ

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Incomè from oth•rtradlng actmths
Unre•trictod Unr•8trietyd
fvnds
fvnd•
2024
2023
£'ooo
rooo
Chw9es to visitor5
Managem￿1 CharyJes
Trwdirg ath"irity". Subsidiary
T￿dirg a¢tivity inry)m?.' other
38
108
525
532
20
Othertrading activty
-34.

¢J(c z

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY.
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Ex￿ndItUre on rAi¥ing fun(ts
lJnr•strletsd R•¥tYl¢tsd
nd•
fund8
Tothl Unr•strlct•d R•8trlct•d
ds
fvnds
T•tsl
2024
2024
2024
2023
2023
2023
£'ooo
£Tho
rooo
rooo
FundAi*ing and publieity
Costs of 8ppgals and fvndrai$ir
Other invesbnent property {￿$ts
Major rnJè¢ts
Marketing costs
Service8 directly recoverab
Tradiro actiwtses.. subskliary
Support eosts
222
222
21
21
173
173
181
181
331
331
273
119
28
119
959
5Bg
589

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Exp￿dI1U1o on clkgrftabl• 4ctlvllle•
Mlnl•lry
Cath?dr•l EdU￿ti0Th Community
ab)d and prKln¢t•
pxrl*h and expendltur•
rn￿1C
upk••p
outr•ach ¢¢)ngr•gallon on mwalion
2024
2024
2024
2024
Olher
Total
2024
2024
Dlrect C￿tr
rooo
rooo
£'oth) rooo
Depredation and impairmgnl
Clergy housing costs
Clergy support costs
Sarw￿5 and mu5
Insurance
28
$43
543
S1
51
Preancts securty aTh#
ga¥dening UF&eep
E¢Jucallon acl.vit
Interest aThJ similar charges
Other e>pendrtu
Maintenance and interior
85
85
245
245
18
18
upkeop
172
172
578
310
24S
27
1.160
Share ofsupport and gov•mane• c08ts Is•• note 8)
Support
220
128
18
18
382
436
263
18
27
1.542
Anatysls by fund
Unreslricled funds- ggngral
Unrestrictsd funds- deslgnated
fundB
263
18
27
115
Re8tri¢1od fund8
31
31
436
263
18
27
1,542
-37-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY.
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Exp•ndftur• on chorit•ble activitie¥ IProviou% yearl
inl•ty
Cath•dral Educatlon Communlty
and #nd prnelnets
and
parf•h and •xp•ndltur•
upk•gP
outre3ch congregation on ml8slon
2023
2023
2023
2023
Other Totsl
2023
2023
Dlr•¢t coots
rooo
£'ooo
£'ooo
£'ooo
eooo £'ooo
E*syeclaUon aThJ inpairnwnt
Clergy housino eosts
CAérgy support costs
Se￿￿ 8nd musi
19
19
17
17
510
510
Insuraw
58
58
pre￿rnCts securty and
gardening upkgtrp
Educatson aclivibes
305
305
Community, parish and
congregahon eosts
Interest and similar charges
Other eypen¢Jitur•
Majcrf projects
M8lnt&nan¢a And Intertor
20
20
20
20
ur*e&p
451
451
305
27
1,474
Sharo of jupport and fjovern•n￿ ¢0•18 (899 notg 81
Support
287
155
72
12
526
833
750
377
13
27
2,000
Anafysls by fund
Un￿st￿cled fiJnds- general
Unre3trictsd funds- designated
nds
589
652
368
13
27
1,649
59
ReSt￿ted funds
244
39
292
833
750
377
13
27
2,000
-3

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS IcoMfiNUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs allocat•d to a¢tMtI•8
2024
2023
rooo
Staff cosi8
413
C*preaation
Garth Hous• 818clricbty, gas and rates
Irffjuran¢e
12
18
13
18
Tdephore and MO￿L8 Costs
Prfntlng, postag8, ststionBry and equiFffnent
IT costs
14
28
118
88
Marketing
Miscell8ngous •xp•nses
Recruitrnont Costs
12
20
Staff trdnlng and confe￿n
Bank charges
Goveman(% ¢c*ts
127
774
554
Ab)aly••d b9tW￿n'.
Fundraising
Mlnistry and music
Cath&Jral and pyecincts ￿keep
Educatlon and outreach
28
220
287
126
155
18
72
Community, parish and congregation
18
12
774
554
Nbt movement In fund•
2024
2023
Thg n8t movam•nt in furmls is statéd d￿r chargIng1{ued￿TrJ)..
Fees payable for the audit of Ihe chariVs fin8wal st8t8mènts
Non audit feas
Depréciation of Own￿ t￿gible fvEd assets
23
36
26
10 Tru8t••¥
Eypenses totalling £4,19212023.' £3,330) *tre paid in totsl 10 312023." 21 mam￿r$ of Chsptor dwing the year.
Ewensas compri*J travel and non4epartmental expenses.
11 Ernploytts
2024
2023
Numbor
Hum￿r
Th8 avèragè monthty numtsr of employes8 t1urln9 the year was..
33

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEM8ER 2024
11 Employe••
IContinu¢dl
Employment colts
2024
2023
tooo
Wages and salaries
Social ¥?¢urity
Other pensYJn cvsts
1,088
1,154
1.229
1,307
InrI￿j&d wthin ￿lan&S are ￿undan¢Y and tsmirnotion payments lotalling £N1112￿23.. £9.5151.
Ofthe 8bov8. members ofthe Chapt8r numb8r•J 112023.. 11
The number 0femVoY￿ whos& annual ￿re mcie thén £￿,[00 is as I￿lows..
2024
2023
Number
N￿be1
£60,(KJo- £e9,999
Koy Managèmènt P•v81)nnel
The toial eMol￿entS ol the key management p8rsonnel *pre £267,74812023'. £243.2581.
Kèy m8n8gement pèrsonnèl are those p*rsons having authority and responsitility for planning, ditecbng and
trolling the ath"vith?s olthe cathedral. Key management personnel are mernbers of Chapter and the senior
adershlp ta8m.
Salary ￿velS for ts Chapter mernber5 is set by the Church Comrnissioners.
Salary ￿ve15 for ts Chapter Clerk. Executive Director and other senior staff we sel ty relerence lo available
benchmarks.
Remun8ratlon of ffl•rnbers ot Ch*ptor
The rernuneration ol the member8 of Chapter induding The Dean, Canon Precentor, CoTrJn of Worship
and Canon Chan￿1￿)rWa5.
2024
2024
2023
2023
st'pend lIr￿1 Employ8r5' Stpend Ilncl Ern￿oYerS.
Employors Nll
Ponsion Employws Nll
Pension
Meml)er8 of Chapter
11 S,573
115,573
15,323
15,323
94.197
17,491
17,451
94,197
The remuneration and p8n5ion provisi￿ of cltrieal mtrmb•rs of Chapt•r ar• paid in aceordanc8 vAth scal8s
laid dom) annually by thè Chureh Commiss￿n•1$.

IJ 11
o 00

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 T•xa15on
The charity i8 exempt from taxation ￿ ts adMtse5 because all in¢G￿tr 1$ applied for charitable puws.
14 Tanglbl• flxod a889ts
Fr8ehold14r¥J
P￿Irt and Fixluw •d Comput•V8
•qulpmont
ffttlngs
rooo
T•mpornry
bulldlng•
Total
and bulldlngs
ro
rooo
C￿t
At 1 January 2024
Additions
4,616
14
46
13
4,723
37
16
At 31 Docamb8r 2024
4,616
71
14
46
29
4.776
0OPTeclallon and
Impalmiont
At 1 January 2024
D8pr8(aaion charg8
Al 31 Decernbw 2024
33
14
10
24
26
34
14
34
91
¢41rylng •mount
At 31 Dgcgmbèr 2024
4.616
37
12
20
4,685
At 31 December 2023
4.616
36
4.658
subsKliary uNlèrtaking hc4ds no tsngibla fixed assets. Therefore. &1 tangible fixod di$c*8ed ￿thin
the parent chari￿$ Ilxed ￿set nots In theaè consoJidatÉd ffiartial statements.
15 H•rSt•g• ••89ts
The Cathedral t￿n9 a nurnber of assets that are of arthitectural, archaaoltsgical. arts"s*'c or historic intarg51 and
which woukj be considered tts be heritaoe assets. As stateil in the Acwjnting Policies noie. no vdue is plac£d on
these assets in the balance sheet.
Natur• of a••et•
Heril8ge 833ets tsll ￿rtt0 the folltrwing categories..
Painting¥
Pl&t8S
Textiles Iincludirs robes ¥n¢J att8r linen)
Stained Glass
Monuments and Lèd9ers
MlscellaneoLLS (including bells, orgens, clocks and lights).
No items bnclud& in th8 invèntory have been disposed of in the penod and no iterns acquired ￿1¢h would warrant
inclusion in the inN*niory.
42-

CATHEDRAL CHURCH OF CHRIST THE 8LESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 H•rfta9• aM•ts
IContlnu•d
A¢qul•lUon, dlBpo8al* pro••rvation and man•g•m•nt of ￿n1•ge
Under seclion 1111 of the Care ol Cathedrals Mea3ure 1990, Cath•drals are re(yirad to keep an irNentory of items
owned by the Cathedral that are ol architeclur81, 8rchaeological, arts"St￿ or histoiic interest.
Section 2lbl and Icl of the M88¥ura also issues stn.ct guidelines about thè a¢))Ui$iti'on and disposal of such assets.
Many 01th8 harltaga 8ss•ts ￿ld are wthin th8 Cath￿ra1 its•lf and can b& vlaw￿l by wsitor5 to tha
Calhedral. From tlrne to tirne, the Chapter will grant publK 8ry%s5 to certain hertsge a35ets.
16 Invg¥lrnent
2024
rooo
Falr V•lu•
At 1 January 2024
Net gains or10$50$ through tsirvalu6 adjustm•nts
Ot￿ changes
At 31 Decgrnber 2024
14,4S2
12,7711
28
11,709
Rochester Cathedral owns a V4riety of properbes frjr inv8strnent purpose5. The inveslm&nt proFerti6s include 24
comrnercial prop8rtiès linduding shops and prCPert￿ leased to a local 8¢hotsll and 16 residential propert'es
locatsd In Rochester, Kent.
During the year a number ofpropgrtie8 b*ÈrÉ v8lL*d professiondty by Harr￿oll6 Chartered SuNeyots and these
valuations ￿re adoptod 8$ al 31 Dac8rnbor 2024. other investmenl property has been revalued annualty on o
yield basis for commercial kyopety and by referen￿ to a recognised property index for re5iden*al proFerty. Further
valuations w11 ba e8th8d out 0￿r the next S years by a rangè ofprofèssional advisors. wrth SXperien￿ in ￿t￿
resid6ntial and commercia Froperty V8lualDnB.
All prop8rti85 are h8ld at fair valuo. and nono are hek1 by the subsKliary wnpany.
17 Flx•d 4•8•t Inv••tm•nts
2024
rooo
Cost or valUa￿￿n
At 1 January 2024
V3lu3tion ¢hangg$
DisposaL8
AI 31 D￿0Mber 2024
5,897
141
1391
5.447
Caffylng •mount
At 31 December 2024
5,447
5.897
Al 31 D￿mbar 2023
As at the 31 December 2024 tho of the inve5trnent portlolio w83 rnan8g￿ by CCLA and hehl in CBF Funds.
No indiMdu81 equlty Wdirg 8mounts to over 5% ofthe totsl value ol investsnents. No in￿$tr￿ents are hekj by thg
subSKli8ry ¢￿panY
4>

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY.
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Dobtor¥
Con80lid•tsd
C•thodral
Amoun1¥ falllng duB wlthin one year..
2024
2023
2024
2023
rooo
rooo
rooo
Trad6 dobt¢x8
115
74
98
Othèr dobtors
Prepayments and accru￿1 In￿rne
97
200
97
2C()
20
18
17
232
300
213
282
19 Loam and overdrafts
Con8olldat•d
Cath•drnl
2024
2023
2024
2023
rooo
Bank overdr8ft8
Bank108
315
315
315
315
Payabl8 Wrthkn om yoar
Payable after one yeai
15
15
300
300
20 Credltors.. amounts f•lllng due wlthln one ymr
CorAolldated
Cathedral
Amount• fwlling due within ong y￿r
2024
2023
2024
2023
to(
eooo
Bank Icqn5 and overdrafts
19
15
15
Oth8r taxab.on and Soaal securrty
Trada cradllors
218
141
115
Amounts owwJ to Subs￿18ry und&rt8kiTrJs
Other C￿￿or3
131
33
27
174
106
Acwols and defoTh¢d income
131
78
121
78
81S
372
530
Cr•dltorn: amounts f•lllng du• *fter th4n ontr y•ar
Conoolldatsd
C•th•drnl
2024
2023
2024
2023
£￿0
rooo
rooo
ro
Bank Loans
19
300
300

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22 R8llmnent benefit Schèmes
Rochesier Calhedral parbripates in tho Pon$ion Buildèr Scherne $Ècth)n ofCWPF for iqy stsff. The scheme 18
adrninistered by thE Church of EnglaThJ Pensions Board, whth holds the assets ol the schemes warately from
those ofthe Ern￿oYer and other partirApab'ng ernployerB.
The Church Workers P8nsw)n FvThd has ts%rJ sect￿)n5..
11 The Defined Beneffts Stherne
21 The Pension Builder Scheme, which has subsections..
al a deferred annuity section krK)wn ¥$ Pgn$bJn Blu￿￿r ¢ts$si¢ 8nd 8 ¢•gh bglan¢• sè¢ti¢n known as Pensi
Buihler 2014.
bl a Cash balanc8 8ecb't)n krthm 85 PsrnKin BuikJer 2014.
Pension Builder Scherne
Boih se¢b"on$ oflhe Pgnslon 8ulkJer Schome org dass9(l as dgfiW t*ngfit sch9mg$.
Pensions Byikler Classic FYowdp5 a pen5h?n, accumulated from contribution5 paid and ¢onverted into a defery&
annuty during employment based on teryn8 8Ot and r•v*w*d by thè Chur¢h of England Pensions Board from tim•
to brn•. Dix¢retionary inrxèa5•s may also ￿ 8th18d. d•p8nding on inNtsb7)•nt r8bJrns and othèr tsrtors.
Pension Builder 2014 B 8 Cash bal8nr8 %h¢me Ihat proviths a ILMP sum Ythieh members use to prowde beneffts
at rètirémant
Pension contributK)ns we rewrded in an account for each memb8T. Dyscretionary bonuses rnay be added b8for
rètlrèmant dapendlng on ￿n￿tmant ￿tum$ and other foctors. The acthun( plus any bonLK8•S dee18red, is payab￿,
Un￿uCed, from age 65.
Trere is no Su￿[￿s1on of 8s9ets ttheen ernployws in each section ofthe Pension Buildef Sth¢n*.
Thè schema Is consKlar8d to be a multi-employer as descrited in SectK)n 28 of FRS 102. This me8n5 It 16
not p0¥sjb￿ to attributs the Pen3lon &Jilder SchErne'5 a55ets and li8￿"11￿.e& to Specific employern. This means that
contributy￿S 8re ac¢ountod for 8s If ts scheme ￿re A defin&J cxJntribuJon sthem9. The pgnslons o)5ts tharged
to the SOFA in the yew are conknbutions pay8ble12024.. £52.579, 2023.. £22,799).
A valuation of the 8¢h¢m& b ¢8rAed cljt on¢% e￿ry three years. The most ￿entValua￿￿) compKgted was carri&J
out as at 31 Dec8mi*r 2022. Th• next valuation is due a$ at 31 December 2025.
For the Pension Builder CI8SSiC $8Ltth)n, thg valuation rebFal&J a defiat of£4.&n cfi O￿oIng as8urnpt￿r
used. Al th? m051 rpcent annual rsvwrf 1 January 2024, tr• Board chose to grant 8 disuetionary bonus of
6.7% to both ￿nsionS not y•t in payrnent and pensk)ns in payTnent in respect of servicè ptior to April 1997, and
bonus on pensK)ns in pawnent in respect of post April 2006 8ervi¢è 80 that the pension increase was 5% Iwh8r8
usualty itwould b8 calcuLatwJ basgd ￿ infiatDn up to 2.5%). This followed improvomants in thg funding position
over 2023. is no requirement fordeficf( payments al the current tirne.
For the Pen6i¢Jn Builder 2014 8Ktion, the valuab'on rewdabd a surplus of£S.5m on tre ongoirvJ aS6￿￿P￿.0nS usod.
rg is no requremart for dèffieit paymerrts Ot the current time.
Th8 K8gal struelur8 ofth• schom• is such that if arKJth8r 8mploy•r faih, Roch8Stor cat￿￿ra1 could b￿me
responsible for pawThJ a share cf that Empby?rfs pension Iiabili)'9s.
4&

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
23 EndowTn•nt fund•
ETrJowrnent fuNI8 repr8sont a6Sets whlch must ba hald p8mianerrtly by th8 tharity Income arisiThJ Dn th8
8nd0%￿nent funds can bè usèd in aecordanc6 wth the objects of the tharity and is i￿1￿(￿d as Uryestr￿ted Irt(￿tr.
Any capital gains or losses arising on the assets fomi part of tre fund.
At 1 Januory
2024
Gain8 and
At31
Incoffle
10sse¥
December
2024
Pgmian•nt •ndowrn•nts
Gèneral endownent
21,576,560
1,896.678
23,473.238
12,771,434)
8,CMJO
33.246
8.1XJO 12.738.188}
18,805,128
1,937,924
20,743,050
Mu&c wd(y•Anènt
PrpvlouB ￿•r.
At 1 J4nuary
2023
Galns and
At31
In¢om•
D•¢embgr
2023
Porm•nont •ndt)wm•nt8
Ge￿ra1 •ndownwt
21.243,778
1.719,058
22.&fj2,836
332.782
151.e20
484,402
21,578,560
1,8￿,678
23.473,238
m￿1¢ èn(Jown8nt
26,OOJ
Endowmont Fund•- d•8erlplon
Gener81 8ndo￿len1- Pèm)anènt andowmont to generate incorn8 for thè Cathtdral.
Music ¢￿￿n￿nt- Raised by Rochester Cathedral Trust for the provi*on of mu%e.
MUS￿ End0￿￿￿nI Fund in¢lud&$ 3peafic endowments for a ¢h0ri8tsr1£50,C(JO 08th188 Yolkm..
The Ou51ey Twst
Hang end Julio RausirrfJ Trusl
Henry OldheKI Trust
Sa(Jdlers Livery Ccfflpany
Mercers, Li*ry Comp8ny
The J & J k*dal
Th? Cook• Kledal
The Aiken Med
fvlrs. J Call&baut121
4&

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEIABER 2024
24 Restrlcted fund•
The restricbj funds ofthe chaiity CA)mprise tha unèxpwnded b¥l8n¢os of donations and grants held on tsust wt4ed
to spgdfic ￿￿1th)nS by dorK)rs 8$10 how t￿Y may t¢ used.
At1 JAnuary
2024
Galn• and
At31
Decemb•r
Incomo Expendlturè
2024
Church Cornmi&8KJnerf8 Restricted
118.976
19,Ch)5
{118,976}
Song School
HJ Hoby Beque8t- C8pf(
HJ Hoby Bequo$t- Ir￿L￿ne
Dorfs Cdmoro P8t8rs BeqU￿t
hgnn8i Project Fund
Chenn￿- Team Charf
19,L¥JS
153,959
41,701
22,652
4,111
18,552
2,828
2,921
185,163
41,701
34,974
3,903
18,553
2,826
2,728
{11,2041
115,4811
3,159
208
EV Family lun Day
G8th Rosas
195
Embroidery Fund
Library Fund
Flowor Guild
45
173
174
Youth Fund
41,470
2,220
2,374
43.690
24,454
19.770
18,601
Congragation Fund
FrierKls of Rochèster C8thedral Mus
19.770
B￿1$ Centenwy Fund
On Lina Minlstry Fund
EdueAtK)n Fund
18,3[
1,562
Kem'n Truyt Fund (Garden
Improvement Officerl
30,000
404,832
36,234
181,(KJ4
115,1891
{149.6461
13,338
5.842
e6,383
442.032
47-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
R•itriet•d lund9
Pr•vioug year.
At 1 January
2023
Gain¥ and
At31
Incom• Exp•ndlture
108•e8
December
20tJ
Church Comrni¥¥ionerf& Re5tiid8d
101,200
171,C66
41,701
32,455
3.730
14,043
18.553
2.826
2.726
142.209
3.865
1243,4091
125,3501
HJ Hoby Bequest- CapV£al
HJ Hoby B8qug91- Incomè
Doris Cdmore Peter8 Bequest
Roman W811 Fund
15.582
185,163
41.701
34,974
2,519
13,7301
110,1401
Chennai Prqecl Fund
Ch9nnai- TeBm Challie
EV Family D¥y
Garth Roses
3,903
18,553
2.826
2,728
Embrohdgry Fund
Library Fund
Flower Guild
42
473
13001
173
Youth FUTr
38.709
19.276
19,770
5.533
18,304
1.562
99
5.904
2,804
13.7431
41,470
22.ckqo
19,770
Congwation Fund
FrieThJg of Rochester Calhedr81 Music
Rochester Cathedral Voluntary Choir
Belk Centenary Fund
On Lin• Ministry Fund
Education Fund
Kerrin Trusl Fund IG8rdgn
Improvernent Officer)
15.5331
18,304
99
30,C¥)O
404.832
523,505
154,831
1291,6051
18,101
4&

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
24 R••trfct•d fvnd•
{Continu•dl
R••trlct•d fund•-dM¢rlpllon
Churth Commissionerf8 Re8trithd- To rneet sb'pend8 and a8¥oo¥tod ¢o8ts ol el?rgy.
HJ Hoby Bequ•st- Thls lund deTlvad frcth th8 èstate ol HJ Hoby. The (*pital is to be retained intact within th8
income to be used for Cathedral fabric. and music, particularfy mu51C
Doris Colmore Pelers Bg]uest- For work with youth and children.
Roman Wall FuThJ - For Malntenance of the Roman Wall.
Ch&nnai Project Fund- Forconstructing a thurch ￿r Chennai. In(*a.
EV Family lun Day- SperAfic grant fundn￿fvndIaIsIng for tho Famlly Fun Oay.
Garth Roses- For acquiring nèw rosès for tha Garth.
Gardens Gre8nhouse F￿d- For repl￿ement ofth8 Greenhouse.
Embrddery Fund - For restoration ofthe library curtains and other embrcidery projocts.
Library Fund - for purchases and n￿nIng costs ofth8 Ibrary.
Flower Guild- For the provision of fl¢Mrs In th8 Cathedrèl.
Youth Fund- s￿IfiC thnalions for Youn9 PeO￿e Worf(.
congre98b.on Fund- Swfic donat.orts fordeveloping the congregalion.
Fr￿ndS of Rochester Cath¥dral Music- Speryfic bjrbjrasirg for the Cheir aThJ Musi
ACVC- Association of Cathedral Voluntary ch￿rS Fe5tiv812019.
Belts Centen8ry Fund- Specific frJndrw5in9 for a bell.
On Line Mjnistry Fund- Resth"ctsd donats.ons to $upport thtr ministry.
Edue8tion Fund- Reskn"cted donatws to support developrnenl eLlucationg1 work.
Gaden Improvem8nt Officer- Restricled donat￿8 to SUFPQrt garden irnprovem8nlvth.
Son9 S¢htscl- For the ¢Mvwsion of part of St Anthews, Housè to create a new SorvJ sd)￿1 and Mu$1¢ Hub.
49-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (Co￿rINuED)
FOR THE YEAR ENDED 31 DECEMBER 2024
26 Unr•strlct•d lund•- DMl9nat•d fund•
These fijnds are unrestricted funds set 8$Kle by thtr Chaptèr for spèdff¢ wrposos.
At1 Jan￿ry
2024
Qalns and
At31
Incom• EX￿nditur¢
Tron•fe
Dec8mb•r
2024
Chorgl Scholarshop Fund
Orgw Sinking Fun
Mary J Smith IBarretfs Folly)
B￿u69t
mU￿C Outreach Fund
750
750
72,028
1,705
73.731
255.031
6.989
3.218
{115.0001
130.3461
109.685
6,988
3,218
961
Ethcatcffl Fu
Gar(kns and Ground5- Plants
961
Stewards Fund
1.237
6.994
1,817
348.062
.1,237
6,9
1.818
205,382
I￿an,$ Fund
Junior Church Fund
1115,0001
127,6801
Prnvlou• y••r:
At 1 January
2023
Galn• and
At31
Incom• Expendlture Tran>fern
los•￿ Decernber
2023
Choral SEhJlBr51w Fund
Organ Sinking Fund
Mary J Smith IBarTetts Fdly
B￿u981
Music oUtre￿h Fund
750
750
87.495
4,531
72.026
241,418
8,989
3,218
1,641
1,277
8,994
1.691
24,044
258
12,000
I1,0￿)
2,615
255,031
Educaton Fund
3218
Gardens GrouThJs- Planls
133.0271
1401
12.OCiII
1,386
stewards Fund
1.237
6,994
1.817
Dean$ Fwd
Junior Church Fund
126
C8ptal Improwam8nt FUTr
Roc¥J file5 Fund- Library
124,0441
125BI
41,868
357.773
I￿,111)
1,38S
7, 146
348,062
-50-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
2S Unrn8trfct•d fynd¥- D￿l9￿•t9￿ fund8
(Conllnuodl
D￿lOn*t￿ funitss- d•s¢rlptlon
Organ SinkirvJ FuThJ- For the fijture rehI￿1$hm8nt of th• orgon
Mary J Srnith {B8rrett$ Fdlyl BeqLESt- For supporting music in the CathwJr81.
Music Outreach Fund- To suppgrt rnuSiC OLrtrnach programme.
Educalion Fund- To support developmental education work.
G8rdon$ And Grourth- Plonts- For aCquiS￿On ol ￿ants fty gardèn d•￿lopment.
Stewards FuThd- To support ¢trs1s ¥ThY tr•ining of cathedral stewards.
Dèan's Fund- Dean dis£￿t￿nary fund lindudes £6k for ￿"dS Quilt Display).
Junior Church Fund- TO sUPPOrt costs and s•t-up on Junior Church.
Capital lmpfovern￿t Fund- To provide for fvlurg ￿paIrS 8NJ improvements lo Estate Properties)
Roof Ti188 Fund- Library- Donaticn for Library Roof tik$ forthè IbTary.
Choral Schjlarship Fuf¥J- Do$ignat8d Ircm aThJ anorrymws donation to be 8XFend8d on choral scholarships.
28 Unrnstdetsd
At 1 January
2024
Galn• and
At31
Income Expendliu
Trnn•f•r•
lossM D•e8mb•r
2024
General Funds
367,868
1,701.895
11,902,484)
12g.627
29S.gC6
Prwlou• year:
At 1 J&nuary
2023
G*ln$ and
At31
In¢om• Exp•ndltur• Tran•hrn
10•8•• D•¢gmb•r
2023
Gengral Funds
514,236
1,531,0(M)
11.868,C(KJl
11,3881
192,(KM)
367,868
1-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
27 Anoly¥i8 ol net I•￿ts b*tW•on fund•
Unre•tslctod
lund¥
unr05trt￿ D•8lgnatsd R08tr1ctod Endowmènt
fund5 goneral
fvnds
fvnd•
Totyl
2024
2024
2024
2024
ro
2024
rooo
rooo
rooo
£'ooo
At 31 Decèmbér 2024:
Tong*Jb as$ets
Investment prcvert￿S
IrN8slrnents
69
4,616
4,685
11.7Ce
4,417
11,709
5,447
11501
21,691
468
21
357
urrent,353etsllLi8bilibes}
12361
301
85
205
442
20,743
lun¢lB
Llnr•strlct•d D•51grw¢qd R•¥trfct•d End0￿•nI
nd• g•n•ral
fund•
lundb
fvnd$
Tot41
2023
2023
2023
2023
2023
rooo
rooo
£'o(
rooo
At 310•¢ombor 2023:
T￿g+)￿ assets
¥8strnent prcp8rti?5
Investments
42
4,616
14,452
4.313
92
4,658
14,452
5,698
128
877
222
Cutrènt assetsllLi8bilitKdS)
Long term liabilities
11521
13001
467
183
13001
24,636
405
23,473
28 Flnancl•l comrnllments. 9uarantee8. and contFng•nt Ilabllltle•
The Ch4)ler has a legal responsibility lorthe rnaintenan¢g and r8poir of 26 parish ¢tsJr¢h th8n¢g1$. From 1
January 2019 Chancel repair liabilities are frjnded 100% by the Church Commissioners
2-

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY.
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
29 Op•ratlng l•a•• Gomrn1tm￿ts
L•••e•
At the rnporting and date th8 charty had outstar¥Jing cunmrfmenis for future minirnum léasa payments under no
•nedlat4e yral'n9 lèasès, which tsll due a5 Idlows..
2024
2023
rooo
£'ooo
Within cfie year
Behveen fve years
16
27
18
24
R•lat•d partytrnngoclktrns
Unr&stricted donat¥)ns totalling £9,50012023.' £9,050) were m&Je by members of the Chaptèr in th8 year.
There fftre no other related party traMath"ons in tke year.
31 ConBoldoted entlUe¥
Rochester Cathedral Ente￿nseS Ltd Company nurnber01309779 ig wholly owned by the Cathedr81, and its results
and 8980ts h8vg been con80lidatsd into these 8c£ounts. Tha Company gfft aided £52,000 to Cathgjral during
tha pariod12023". £165,000). Results for tha yèar ofthis company ￿Te turnover £520.70012023.. £524,378),
Eypenditure £2C6,510 {2023.' £361,651) and Net Profit £14.19012023. 162.7271. Net assets at the balancg ¥heet
date totalled £4,734 (2023.. £42.5441.
32 Conn•¢t•d Entitl•s
Two entiti￿ &￿$t %sthich S￿ wholty th? benofft of1￿ C8the<lral, but whlth are notundgr it8 control.. being
Rochester Cath￿ra1 Trust and F￿ndS ol Rochester Cat￿￿ra1.
Oniv inccme receI￿d or r￿1vab￿ frcm ￿ entitles is indud8d in the accounts.
Relavant infoThnation about their in￿rne assets. based on the latest availabK8 ac¢ounts, Is-.
Cla83 01
•h•m held Olr•cUlndir•et
% H•ld
N•mg of undgrtaklng
Friends of Roch08ter
Rggl•tsr¢d offi
Enol8ntJ 8nd
Wales
Naturn of bu8lné
NIA
100%
Cathedral
Rothestsr Cath&Jrnl
England and
Wales
Ch8rfjtsble Trust
NIA
100%
Trust
Capltal and
ProlW(Los•} R￿er¥•5
rooo
Nanw of und•rtaklng
Frienrjs of Rochester
Cath&Jral
51
995
Rochestsr Cathedral
Twsl
445
-5>

CATHEDRAL CHURCH OF CHRIST THE BLESSED VIRGIN MARY,
ROCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THEYEAR ENDED 31 DECEMBER 2024
32 C••h g•ner•t•il Irom op•rallon¥
2024
2024
£'ooo
rooo
IOeficitysurplu$ lor the year
(2,9451
12341
A￿Ustrnellts for.
Investment In￿Me recognised in stat￿ent of fInar￿la￿ acthyities
Fair value 98in3 8nd10$80$ on Invo$knent prw6I•s
Fair value gains and losses on investsnent
Deprèciatlon and Imp8lmient ol tangible fixed assats
Movernents in working capital..
Increase in stocks
18641
2,771
11411
26
17721
12481
14561
D8crea88 in dabtors
67
11021
1961
11.0421
Increase in creditors
258
C••h ahorbed by oper•tlonB
18481
33 AnAty81• of In n•tfund8lld•btl
11 J•nuwry CuhIlo￿ At 31 Dxember
2024
2024
Cash at bank and in hand
181
31
212
Bank.Lwdrafts
181
31
212
Lean$ f811ing due wthin one ￿ar
Loans falling due aftw more than y￿r
1S
13001
11341
300
346
212