Canterbury athedral Cathedral Church of Christ, Canterbury Report and Accounts For the year ended 31 March 2025 Charity Number 1206913
Canterbur athedra Contents: Section I: Review The Dean's Overview Chapter's Report forthe Year April 2024- March 2025 Safeguarding . Financi31 Review of the Year 22 23 Plaiis for Future Year5 30 Structure, Governance and Management Statement of Responsibilities Office Holders April 2024 to July 2025 Auditor's Report .32 37 38 42 Section 2: Financials Consolidated Statement of Financial Activities ,46 Consolidated Balance Sheet -47 ENtity- only Balance Sheet Cashflow Statement .48 49 Principal accounting policies Notesto the Financial Statements 50 55 Append ix- Comparative Information .68 Page 10171
Canterbur athedra Canterbury athedral The Very Revd Dr David Monteith, Chair of Chapter Dean's Report April 2024- March 2025 In January 2025, we were excited to hold the first ever whole staff conference at which we launched Dur new strategic plan and brandingfor 2025-2035 and atwhich we undertook statutory training and worl(ed together to embed our culture. The Strategic plan is built around a Strap line froim the Gospel of St John,. fullness" We have drawn discernment of our vi510n and plans from the fact that the Cathedral is dedicated to Christ and the theme of Christ the Good Shepherd 15 an inspiration to us all. The plan has three core thL4mes'. I. JoLJrney5 of spirituality and faith.. l<eeping our core purpose as a place of Christian community, development and WDf5hip central. 2. Wellbeing and sustainability.. lool(ing at the need to address Sustainability and to foster wellbeing,. 3. Sanctuary and hope: focusing on the development of pilgrimage, encounter and community inclusion and cohesion. Tlie5e themes are to be sustained through 3 community culture shaped by four values compassion, collaboration, commitmont and curiDSit¥. Wo are now in the proce55of developingfiveyearand annual deliveryplansand reshapingagendas and roporting aroui'id these strateLJiC objective.£. There have been maiiy now initiativ@.£ in the past year to examine our working practice5 and systems to enable us to build our capacity and welcome new audiences. Our volunteering community is very importaiit to us and during tlie year we completed a review of volunteering at the Cathedral and have put in place a roadmap to ensure that there is consistency in the way volunteers are recruited, sustained and supported. Page 2 0171
Canterbur athedra The new model forthe Choir has been embedd@d and we iiow have boy chori5tor£ comingfrom a wide range of loca5 schools. l-he Girls, Choir ha5 recorded a iiew album, and our full-t'ime music outreach worl<er is working with a number of local schools to make music and raise the profile of the choral tradition. Following a review of fundraising in 2023, we have recruited a n@w fundraising team eimployed by tho Cathodral, aligned with ou r strategic objectives and values. Wo were deliBhted to welcoime Sarah Harrrier as Director of Fundraising in December 2024, who joined us from the Wallace Collection. Plans and infrastructure are boing created to ensure good diligence around gift£ and grant5, a smooth donor jou rney and vivid stewardsh ip of ou r su pporters. A review of ourtearn of virgers 3lsotool< place and we are implementing recommendations to re- focus the virger role in relation to pastoral care alongside services and cererllonial duties. New rotas will enable more flexibility to meet the curront needs of the Cathedral. Within the cycles of an old ilistitution, many of our bacl(-office functions need attention and reiiewal and we have been reviewing the needs of Human Resources, Health and Safety and Finance. The Direclor of Finance is leading on the 5eloction and procurement of a new finance syste1n to iinprove efficiency and dovelop management information to holp deliver our mission. Worli on the fabric of the Cathodral ha5 continued underthe direction of our new Head of Estates and Fabric. It was lovoly to 500 most of the 5c3ffold removed froiTr the West end of the Cathedral fter manyyears. The repaired and cleaned 5toneworli lool(s fabulous. Worlc has continued onthe restoration and research of the Miracle Windows and fuiiding has allowed us to produce some films and materials to help a wider audionce erigago in this painstal(ing important worl<. Worl< continLie5 Dn thL Christ Church Gate, and we anticipate that the scaffold on the gate will come down there by the end of February 2026. During the year supported by funding from the Friends of Canterbury Cathedral and Canterbury Cathedral Trust FLind, the first stage of ronewal of the Deanery was comi)leted allowing the Dean to move into part of tho house. Further fundir)g will be relLiired to complete the worl( on this iconic building and we are developing plans for it5 future use. As well as worl<lng on the Cathedr31 our tearn of stone masons Secured an external commercial contract workiiig on the Poor Priests Hospital in the centre of Canterbu ry. Underthe direction of the CiinonTreasurerwe are developing a Master Plan forthe Cathedral and Pre.ciiict wliiLh includes improvii)g Icccess and addressing carbon reductic)n. The 50fter side of our commitinent to climate change includes an organic approacli'to our garden5 and open spaces increasing habitat% for insect5. We are seeing more species of. birds and irivertohrates in addition to contributing to the wellbeing and spiritudl health of our visitors as they eiijoy nature around Alongside everything going on, in and around the Cathedral we continue our support of the Diocese. The De3n serves on the Ipiscopril Stilff l-eam, tho ArLhbisliop's Counril And tlie Dior.eScl11 Synnd. The residoiitiAry c)nOnS also .£orve various aspects of tl)e diocese and clergy regularly go out to assist iii pai'ishes. Wo providL, freely ihe servicLi5 C)f ordinations, Arclideacon visitations, Page 3 of 71
Canterbur athedra licei)cing of Lay Readers or other lay ministers including the Diucesan LGBT+ Chaplaincy'feam. A series of planned visits from deanory Lyroups from the dioce5E provide hospitality and fostor relationship building. The Chaptercontinuesto payforthe stipend and housingforthe Archdoacon (>f Canterbury who 15 also a residentiary canon of the Cathedral, The diocese provides resource to the Cathed ral through two Cathed r31 Safeguardin8 officers under a Service Level Agroement. They support and advise oli safegua rding cases and allegations. We were all shocl<ed and saddened to learn of the 5uddeii and untimely death of Dean Emeritus Robertwillis in October2024whi1st ho wa5 in Am@rlca. His funoral tool< place in the United States, Memorial Sorvice was held at Salisbury Cathedral and a Memorial Concert took place in Canterbury Cathedral in lune 2025. Our thoughts and prayer5 80 out to hi5 partner, family and friends. Sn the Community continue to Sisten to those living and worliing locally and we havo issued catho.dral passesto around 10,000 people.we have reviewed our pricing5tructure and introduced a policy to enablo ref u%oes, registered asylu m seel(ers an d recipients of U niversal Credit to visit free of charge. During the year wo ran some trials of opening the pretincts to the public free of charge to ascertaiii whether there would be any impact on income. The data indicated that we would lose a large Sum of entrance ticket income. In NDvember and December, we pcrmitted a Christmas Marl(etto be located on site. This brought a lot of people tothe cathe.dral grounds and Chapter has agreed th¢lt in the future the procincts will be open, froe of charge for this and for other special events. A partnership led by the Canon Missioner with the local homeless charitv, Catching Lives onabled us to participato in tlie winter nlght shelter for Canterbury and we opened our community studio to the homeless for one night each week through the worst of the winter. At Christmas we highlighted the extensive worl< done by the Social Ju5titÈ Network sharing Dur service collections with them. We have piloted more events includinga seriesof Silent Discos, light shows and exhibition5 to welcome new audiences to the CathedraS. We have extended the activities for fdmilies and children. It ha5 not beeii an easyyear for the Church of EnEland and tensions and temperatures are high. Much attentioii lit on Canterbury when Justin Welby resigned as the 105 Archbishop following a Safo8uarding Practice Review. Thiswasvery distr@ssingforvictim5 of abuse and very unsettliiigfor the entire church community. The archbishop agreed to step bac1< from participation as a public minister in sorvice5 at the Cathedral, During this time, we received a number of new historic safeguarding allegation5 relatiiig to Canterbiiry and the wider church. A Safeguarding Practice Review for one significant historic case relatingto the l9505 will begin in tlie summer of 2025 31id a major external audit is sclieduled for Novembor 2026for which preparations aro begiiining,. Both the Cliief Operatingofficer IReceiverGeiier311 and l aregrateful forallthat has been achiev@d in the past year, noting that many peop5e have said thdt tliey feel tliat we are turning a cornor bac1< into a positive trajoctory. This is only the case because of the h(Ird worl( of 50 many and we offer our thanl(s to them all. The financial posltion of tho Cathedral rem3in5 challonging, and we ore still repayiny tlie Coronavirus Busine55 Interruption Loan thlft we tool< out durinE the pondemic. The annual repayments with interest are around f8251c. The loan will be repaid in the auluniii of 2026. Page 4 of 71
Canterbur athedra The significant increases in the National Living WaEe and employer National Insuranc contribLltions which took effect in April 2025 have added ten5 of thousands to our salary bill and dd to the financial pressures. Wo continue to try 2nd bring in now finantial resource5 from fundraising, new events and direct appeals to tlie congrega'tion. However, it remains difficult to convinco tho community at larF,e that we are in financia5 need both bocause the Cathedral looks so solid and impressive but also bec3LJ£e the Church of England has significant central assets.These aro mostly not available for usto draw on. Ongoing 5UStainability remciins high on our agenda, but we are optimistic and excited for the future. Our newstrap line isto 'inspire life in all it5 fullness" and we can hor)estlysaywe have experienced some of that during the past year. We long and pray for much more of it in tho future. The Very Revd Dr David R M Monteith Page 6 of 71
Canterbur athedra Chapter's report for the year (April 2024 to March 2025) Chapter SLibmit tlieir annual roport and the alidited financial Statements of Canterbury Cathedral (the Catliedrall f or the year onded 31 March 2025. The trustees conf irm that the aniiual report and financial statements of the Cathedral comply with applicable United Kingdom Accounting Standards Iunited l<ingdom Generally Accepted Accounting Practice) and Accountiny and Reporting by Charitie5'.Statement of Recommended Practice applicabloto charitiesprep2rinff their account5 In accordance with tlie Financial Reporting Standard applicable in tlie Uiiited Kingdom and Ropublic of IrL,18nd IFRS 1021. Th e accounts of Cathedral Enterprises Limited have boen con501idated with those of the Cathed r31. Strategic Plan Following extensive consultation, th@ Cathodr31 published its new £tr3tegic Plan ill January 2025 which will Shape and govern the Cathedral's work over tlie next ten years. At the heart of thi5 strategic plan liesthe simple rules and values of the Benedictine Cominunity, who shaped their life and worship around service to Christ and His word, We have returiied to the simple rules and values of the Benedictino Community anew and brought fresh understanding, to invigorate our ommitment, service, welcome and witness to Christ for our times. We loo1( to Christ the Good Shepherd to guide, encourage and nurture us in our vision and endeavours so that we may enable Christ's mission to 'inspire lifo in all its fullness. Vislon A5 5oat of the Archbishop of Canterbury, and Mother Church of the Anglican Communion and the Church of England.. We will accompany one onother In our Journey of faith, practice of Ju5tl¢ei protectlon of allpeople and our planet und In firing our yearningsfor the divlne, A5 a World Heritage Site in the City of Canterbury.. We will foster wellbelng wlthln our communltles through humble servlce, courageous leadershlp and Imaglnotlve portnershlp. A5 a holy place shapod by the rhythms of Christian community life and prayer: We wlll be a sanctuaryfor all, where hope Is nurtured ond insplred. Wo are just beginning on 2n exciting new journey, and we invite you to join with us as we set off on this path. Core Themes From this new vision, we ideiitify out th ree core theme5. Journeys of Spiritualily aiid Faith Wellbeing and Su5t()inability Page6of71
Canterbur athedra Sanctuary arid Hope 'ro ach ieve thi5, Chapter have agreed the following strategic aims.. To dovelop, the learning tradition of Canterbury Cathedral for a modern and diverse age, 3nd invite others iTlto the lif @ of f'3ith and the way of Jesus Clirist. To nu rture the mystery of God throLJgh prayer, place, music, worship and encounter, aiid Sustain the story of faith across the Anglican Cornmunion, for this generation and the next. To encourage and enable all regardless of fa ith, cultu re, age and ab ility to encounter this holy place. To develop, through partiiership and collaboration, a voice for highlightod modern social Issues thal reach Dut to the m05t vulnerable in our community. To live in harmony with the natural Drder of creation and treasure its resources. To develop, witli imagination, a sustainable Cathedral for a modern age and celebrate our staff and volunteers,. equippiiig and empowering them with knowledge, skills and support to fulfil their pot@ntial. To be a beacon of hope and the premier 51te of pilgrimage in England, celebrating our modern-day Canterbury Tales. To trea5ur@ and steward this sacred space and reimagine the storios of the wisdom of our past for a new age. To provide shelter, community, safety and togethèrness. From thestrategic Plan we are developing a detailed operational plan and long.term forec3St, The newstrategic plan will guide our priorities forthe nextten years, Review of the year (April 2024 to March 2025) Ministry Cathedral Worship The Cathedral is first and forèmost a worl<inE church.. a plac.e of worship, prayer and pilgrirll3Ee, The regular pattern of dailyworsliip 15 at tlie heicrt of Cathodral life. Each day starts with Moriiing Priyor and ends witli Evening Prciye.r. The r.ucharist is also offered daily. Many otlier services take place throughout tlie year- including weddings, fLJnorals, momorial services and baptisins. There re chapels set aside. for personal prayer available throLigh the day with a rota Df diity chaplains wlio lead prayers on the hourwhen they are on dutv, A newTai/.o scrvico was devoloped in the crypt and initially supported by chora1 scholars and now largely lod by amateur musicians from the coiigregation. This enables people to Lxperience a contemplative prayer 5Lirvice which is ecumenical in origin, and which enable5 our visitors to join in or observe a5 they wish. Additionally, as there is no longer Choral Everisong un Tliursdèys, wo hold ashort service of said EveningPrayorwiththirty minutes 015ilence. This ha.E been a deliberii te Page 7 0171
Canterbur
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attompt at weaviniy in Inore silence and reflection into our pattern of worship with the clialloiige
that not all visitors fiiid Ihat familiar or easy, but it is true to our Benedictine roots.
Livestreaming of services continues with a steady international viewersliip, We also hroadca5t a
Eucliarist live on BBC Radio 4 on Easter Day aiid subsequer)Ily a service of Choral Eveiisong on
Radio 3 to markthe anniversary of the death in Cantorbury of Orlando Gibbons in 1625.
The Cathedral is used regularly by the King's Schoo1 Canterbury for daily prayers and Sunday
worship, and for it5 annua5 Commemoration Service. The Cathodral hosts services througl'ioutthe
year for local schools and for many other orgaiiisations, Each day in Decemberthere cire Cliristma5
Carol services tal<ing place in the Cathedral for local charities, universities and community-based
groups.
The Diocese of Canterbu ry, wh ich the Cathed ral serves, covers the entirety of East l<ent. Many
Diocesan 5ervice5 and event5 tool< place during the year iiic5Liding the ordination of now clergy,
special days of activity and worship for Diocesan schools, Diocesan Confirmation SLarvices, the
ai)nual Archdeacons, Visitat'ions arid a service to comrriission people to the Diocesan LGBT+
Ch aplaincy.
The musical life of the Cathedral continuesto be enriched bythe excellence of the boys, girls, men
and women of the Cathedral choir with daily performance5 for many hundreds of pilgrims and
V151tors. Tho visiting choir programme continued to help build up our community linld worship on Easter r)ay in ?02412023: 2,0751 and 4,541
attended worship on Ch ristmas Eve or Cliristmas Day12023'. 3,9101.
Following the resignation of the Precentor, we hope to appoint a new Canon Precentor in 2025
who will also 5erv@ a5 a full Chapter member and oversee music, liturgy, virger5 and co-ordinate
congrogotional development/growth worl( in addition to being deputy lead for safeguarding in
relation to children and young people. Until then the Dean will be Actiiig Precentor.
Music
DLiring the year, the Singing P81'tnerships Lead (Helen Brooliesl, exteiided the work started in
2023/24 worl(ing with two primary %chools 1st John's Primary SchoDI and Bridge & Patrixhourn
Primaryschool) as partner.%chools,to promote and eNLourage Inusic and SlllElngWlthin theschool,
to provide practical support to teachers aiid to dLliver worlishops lo children.
Page 8of71
Canterbur athedra In the Spring Term of ?.024, Helon tool( on the role of Cl)ildren's Choru% Mdiiager of a schools, project in faversham, to prodLlCQ two performances ol Beiijamin Britten'£ Noye5' Fludde, a one act community opera based on a 15, century mystery play, at St Mary of Charity in Faversham. Helen put togethor engJgemeiit resource5 3nd learning support, including vocal tracks, for the schoolstal(ing part in the perforinances 011 25 and 26 April 2024. 14olen also led fivo workshops in tho schoolst31(iiiE part, alongiidothe Cathedral's Clioral Scholars, to help tlie 150 children prepare for the performaiices. The workshop.% included basic vocal tcchnique, musicianship games, and music rehearsals, aiid the project was cl wonderful opportunity for the children involved to tal(e part in an opera, some of them for the first timo, alongside professional soloists ai)d a full orchestra. In Mayandjune 2024, Helen, worl<ed in collaboration with l(eiit Music and Singupl to plan a18rge- scale singing event for 12 primary and secondary sclioo15 inthe Folkestonè, Hythe and Dyrllchurch area. The Folkestone Really Big Sing, a fun day of community singing and musicmal(ing, took place at tho Lea5 Cliff Hall on 19 lune 2024, and was an opportunity for 350 children, who might not otherwise hzve had such an experieiice, to perform as part of a massod choir in a major. venue supportod by professioiial musicians. Helen liaiged with the participating primary school teacliers to select a progr8mme of songs that would inspire and engage tho chi1dre.n, and thatthe teachers would feel confident to teach using the support materials and workshDP5 provided and then delivered preparatory worl(shops in eight schoo5s to around 240 children. On Wednosday 26 June 2024, the girl choristers were joined by girls from Simon Langton Girls, Grammar School and children from two local primary schools,. Bridge & Patrixbourne Primarv School and StJDhn s Primary School, to sing Evensong at the Cathedral. It was an extremely well- attended service, with many familie5 attendingto support their children, On Saturday 6 JLily 2.024 Canterbury Cathedral Music Department held an informal end of term concert for chorister parents and familios. Following the successful recru itment round in May 2024, the newest boy chorister recruits were involved in their first performance as part of the Cathedral Choir, On 8, 9 and 10 july 2024 Canterbury Cathedral Choir was busy recording an album of music by Gabriel lackgon. The boy choristors, Eirl choristers aiid Lay Clerks als attended recording sessions in th e Quire of the Cathed ra l after hours and worked hard to perfect their contri butions to the recording. Th@ recDrdingwill be releit5ed by Rosoniig Classics in June 2025,. it is envisaged that we will enjoy a fruitful ongoing partnership with this label. On Saturday 13 J uly 2024 the boy choristers and Lay Clerl(s of Canterbury Cathedral Choir tool< part in a concert at 5t Leonard's Church, Hytho, as part of the JAM on tlie Marsh Fo5tival. Tho sell oijt concert, with the London Mozart Player5, featured worl<s by Stanford, faure and former Canterbury Cathedral choristor Gabriel jackson. During the academic year 2023 to 2024 Canterbury Cathedral Music Department received nearly 50 application5 from potential choristers. After auditions in October, May and lune, we were delighted to offer plBces to twenty-one boys If roin School Years 2 to 61 and eiglit girls. Some of the boy5 Started in June 2024, while the reimaining boys and girls joiiied us in September 2024. Page90171
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Duriiig the 2024 to 2025 acadcmic year, f rom .£eptember ?.024, Assistant Director of M usiL, l amio
Rogerq, and our Choral Scholars asS15ted The Frieiids of CantorbLiry CaihLJdral by holding friendlv
Singing for Wellbeing 5essioiis each month, This meant that anyone interested, even rusty singers,
could come along to an hour-long music session, free of charge,
The Singing Partnerships Lead worked alongside Canon Emma and the Organ Scholar on tlie Bacl<-
to-School Service and workshop on 7 September, to teach simple Songs about starting d new
learningjourneyta visiting'drop'in, Foundation, I<SI 311d1<52 childron.
The 5111ging Partnership5 Lead prepared and led partner school BridGFe & P8trixbourne Primary
School for an Education 5iinday Service at St Peter's Bridge on 8 September 2024 aiid preparod
and led partner the School's choir iii singing at a special Hérvest Festival Service on 13 October
2024.
During Autumn Terrn 2024, the Music Dopartment h05ted two Inforinal Organ Recit1( Is, with the
Cathedral's organists playing a recital oach. The A55iStant Director of Mu51c also led two very
succe55ful and over-subscribed Organ Open Evenings, the first on 8 November 2024 and the
second on Friday 28 marc.h 2U25.
On 23 November 2024, the girl choristers and Lay Clerl(s tooli part in a performance of Handel's
Messiah by Candlelight in the Cathedral QLiire, Accompan led by The Harmonious Society of Ticl<le-
Fiddle Gentlomen, the coiicert was sold out in advance and wa5 3 beautiful experience for those
in attondance,
During November and early December, the Choral and Org211 Scholi¢ rs holped the SinginE
Partnerships Lead, with fifteen visits to local schools to preparo forthe St Nichola5 Faimily Service
on 8 December,wl)ichwa5 attended by sixteen local priinary schools and over 200 school childron.
The Singing Partnorships Lead aSso played a big part in the C3thedr81'5 Schoo15 Days in November
2024, leading six worl<shop sessions, introducing cathedr
Canterbur athedra Wincheap Primary Scliools, and led a newly formod St john's Primary School I<S2 Choir in a performancL to friends aiid families at their wholo school Easter WDrk5hop. During Spring Term 20?5, the Music Department hosted two Informal Organ Recitals, with the Cathedral's Organ Scholar and one external recitalist. The Singing Partnerships Lead led four Springthemed 'drop-in" music and movementworkshops t the Cathedral for young children and their families during the Easter holiday5, as part of the Cathedral's programme of free events for fa milies, and also facilitat@d and su PPDrted 60 Year 3 children at partnor school Bridge & Patrixbourne Priniary School to participate in an online opera event'Everybody Singl The Magic Flute with the Royal Ballet and Opera. Events Throughout the year we see1< to hold event5 which engage with a range of audiences, opening up the Cathedral for people to enjoy, and raising revenue. 2024 saw the creation of the Commercial Events operational strand, with the remit to looli after blg events such as Silent Discos, Deanory -Fheatre, and other wider-reachiiig events. This runs 31ongside the local economy and charity event strand. 2024-25 wa5 another busy year. Wo welcomed back tho London Welsh Malo Voice Choir. We ho%ted the Royal British L@gion Central Band for a spetiaS 80th Cornm&iinoration of D-Day Concert. We hosted local choral socioties, schools and other local institutions for over 10 concerts throughout the year. I n October 2024 we were once agaiii a l(ey supporter of the Canterbury Festival, an internationally acclaimed, city wide celebration of arts and culture, Among tho usual tallis, opening and clo£ing CDncert5, we also hosted 2 a mazing performanc05 of 'Byrd's Secret Mass" in the Easterii Crypt, Using a hidden entrance to getthe audience intothe immorsivefeeling of the performance as500n as they arrived on site. As part of the expand ing arts progr3mme, we hosted 'Cross Curronts" exhibition which featured over 300 boats made from reclaimed driftwood and scavenged item.% create a fleet of litt'le boats that was displayed around tlie east end of the cathedral. Tho fleet was added to by members of the cathedral communitie5 a nd pilgrims who tool( part in artist led-worl<shops. chri5tmasl.idè 2024wasvery differcntwith the first Christmas Marliet on 5Ite ii? over 100 yeKirs. As part of that wide.r Christmastido experionce, we hosted Slioppers, Caro15 each Satu rday ILinchtime, aiid Tea-Time Caro15 each Tue5d3y aftornoon for pre-school children and families. In February 2025 we hosted ar) exclusive Dinner in the Navo for a top Champagne houso. The dinner was part of a weol(end of evLJnts for the family and colleague5 from Fraiite and Kent. Worlcing with an external venue caterer- the Nave wa5 transformod into an exciting d in in61 area for 220 guest5, wiLh a rrienu sliowcasing local Kentlsh produce paired with chainpagne, while a fully operational field Iiitchen was built on tho south lawn to caterforthe dinner. Page11 of71
Canterbur athedra Wo Iilso hostLJd 25 grad u ation ceremonles for the three local universities, welcorriiiiE aroLind 7,JOO students and around 25,500 frionds and family througliout tho year. Visitors to the Cathedral Tlie Cathedral welcomed 446,130 sigFitseeing visitors between 1st April 2024 Jnd 315t March 2025, of which 318,182 wore paying visitor5. This repre5entLsd a small increase on the previou5 year12.4Y,I which was mainly driven by growth in Schools ai'id educatiun visils. Tourism Vlsitors are charged an entrance fee to enter the Cathedral Precincts. The charges aro reviÈwed annually and are at a level which is deemed reasonablc rompared to other c3thodr3ls and regional attraction5. On 1st J3nuary 2025 tlie Cathedral implernont@d a new pricing strategv for General Admissions and Travel Trade Group5. An adult peak period annu45 ticl(et is charged £19.50 IApril-Sep Il and off-pe31< at £18.00 (Oct-m arl. International travel trade and groups booliing5 havo been the slowest areas of visitor income to recover since the pand@mic. 2024 did notsee significant growth in thi5 area, but forward bonl(ings for 2025126 are positive. Th@ international economic climate lias meant that January to March 2025 has stten fewer intornational visitor5 and more late cancel lations tliaii anticipated, with U.5 visitors in particularly hesitantto travel. The Cathedral continued to explore free precinct entry as part of tho Visitor Experionco duringthe year, with trials in tlie sumrner and autumn months. After carefully exploring th@ impact of these trials, it was decided that operating a free Precincts model which moved the pay-line to the Cathedral door, involved a significant fin3ncial risk. It Is however planned to open the Precincts to coinc.ide with some special events during the year. A new venture was trialled to much success which iiicluded a free precinct model. The Cathedral hold thefirst Christmas Market in the precincts fol. over 100 years and, as well asthe incomefrom renting the site to Rocl(hopper Events (the market organi5ersl, this brought in over 50,000 dditional f ree of charge visitors into the precincts durin8 the festive season 311d had a posltive effect on both the visitor experience and retail offering at the Cathedral. The Cathedral Pass, launched in November 2022 to replace the outdated Precinct Pass, now has surpassed 10,000 member5. Member5hipforthe Cathedral Pa55 is open to application5 from.. local residents,. those who worl< within the City Wa115 of Canterb ury,. mern bers of a ch urcli witl)i n the C3nterbury Dioce5@,. family members of Cathedral staff,. and members of ihe Cathedral Congregation. There is a £6.00 chargje to cover the adrn iiiistration of tl)e pass which lasts for fivo The Visits department is supported by around 300 volunteer5 who do a huge amount tD welcome ViSitor5 and answer any questions from them and to act as guidos wlthin the Cathedral. The retail offer through Cathedral Enterprise5 Llmlted, continue5 t'o grow and deliver a significant contriDUtion tothe Cathèdral. Ourtwo on 51te shops and commercialweb5ite, geiierated £291,554 net profit for th o Cathedral between l April 2024 and 31 Marcli ?.025. The South we.st Transept shop wa5 re-developed and re-launched in September and sales have more than doubled basod Page 120171
Canterbur athedra on last year. In addit'ion, external contracts from the masons and stained glass Studio gJenerated d profit uf o rouiid £90,000. Cathedral and Preclncts upkeep The appointm@nt of a new Facililies Officer has proven to be successful, and the routine plannL¥ and cyclical maintenance of the cathedral building envelope has been fLJrther dovelDped aiid improvod, Furth@rmore, the propo£od yearly compliance testing of olectrical infraslructure has beeii advancLd and is currently a year ahead of schedule. The programme for 'rewiring' the cathedral a5 identified byconsultant electrical ongineers has commenced in addressingthe highest priority area.. Library and Archives.The cathedral's extornalfloodliglitlnE has been wholly replaced, using LED lamps in place of traditional tungsten filaments,. tliis has reduced floodlight energy consumption from.. 31,000 to 5,500 watts. Major projects have moved forward, with The West Front reaching a stage of completion for the f lying buttresses of th e Nave Aisles and Southwest Tower Ito Statuary course) and 80U/o completion on the Northwe5tTower, the landscapiiigschttme around the basesof the towers haf been revised and approved and 15 currently in .progress. Ongoing conservation and repair t'o the IDwer th ird of the Christchurch Gatè is also underway with completion anticipated in early 2026. Iri the wider Precinct, tlie City walls having been surveyed in 2024 have presented challenges locally,. witli Bastion 11 and the area of 50Uth QLieiiingate carparl< iii particular displaying advanced dilapidation. Funds were allocated to provide structural propping to Bastion 11 due to both suspected major instability and its prominent public posltion,the gtructure ha5 been stabilised and scheme of repair is being devised by consultants and is subject tofurth@rfunding. Further area5 of instability along the wall have been mitigated with1ocdl £Cir ffolding and await tho Engineer's remedial pro£raimiMe, The City Wall as owned by Chapter will be placed on Historic England's Heritage at Risli Register. Interna I heatlng of the Cathedral was set to lowest temperature113.cl throughout the Winter months, greatly reducing both energy consumption and carbon footprint,. this, in combination with ali observed 'door policy, lof maintaining closure), re5ultcint air masses within tlie building envelope remained stable and the comfort levels of vi51tors was not unduly affected environmental monitoring wil,1 confirm 35 to whether residLJal humidity has changed witli lower baclcgrou nd tempLJratures, bLJt no significant changes havLJ boen observed. The Blomfiold CIDcli has been succe55fully relocated t'o StAndrew's Cliapel after repair and with regular winding l(eeps perfect tiime. Gardens and Blodlverslty Tho gardening t&iam have continued their worl< around gardening for wildlife, while at the same time developiiig the more formal gardens. Worl( l)as been undertalien in the private gardens of the Deanery, Archdeaconry and old convent garden, where dead hedges, willow beds, bug hotels, and Small natural ponds have been installed. In ALigust 2024, we partnered with The Fifth TrLlSt, a horticulturally based charity based in Barham, Canterbury, to install a small natural pond in the bac1( gardon of the old convent garden, which nut only improved wildlife potential, but a150 Pègp 13of71
Canterbury athedral introduced a local charity to the £arden.£ we liave here- a paytiier.%l)ip wo hc)i)e to conlliiuL iii Ilie futu re. Our volui'itLbLir programmo is devi.bloping, with 3 Small coro Lpiim of volunte.ei's who liave quickly become integral Inombors c)f our team. A recont recrLlltmeiit drive will ijotentially add to our iiuIMbers. The head Earden@Ir ha5 continued to deliver talks On the cal'l)Ldral 6Jard@n£ to Iocir I horticultural groups and lia.s written articl@s fortrade mic gc77.ines and appeared on the BBI.'5 Antiqiii!f Road Trip in an &Jffoitto boostt.lie gardens, prnfile. Iffi('.ient cuinpostinF and prui)agcltion prugrilmme5 havè meant tliat most of the plant5 and growiiig, Imedia used iliis yoor have been producod oii_%ito, with o.xtra coirp05tin£ b<iy8 boing built in the doan@ry garden and tho. gardLJiier'5 yai-d,'fo ciid pi'oplrgation, a Stock boci has ljeen iiistalled in the Elt rd one r's Vrird, allowing iJ£ to grow i)lants we wisli to p ropaL13te and lo expiii'iniLI)t with plrinting combiiialioii5. Stained Glass Studio The studio cuntinued worl( lo repair storryi daindiJe and to support worl( by the cathodi.al Inason5 on tlie western towers. Severtil iiileriial and external projects fdn iii parill@I, listed below.. Cathedral projects.. Quire clerestory gla7ing- the reiiistaternent of 5eveii clerestory windows of the quire was linislied iii Idnuary 2025, soveii year.1 after tliey were iiiilially reinoved for Lhe iiista11ation of protoct.ivo gliizing and conservcltion Df the ftciinerl glass. Tlip liniing of ilie project was brouEht forwiird as a result of tho New orgaii boir)8 Illstalled Lindorn?ath Ilie theii leal<iii windows. It ran mostly concu rrent with the extensive glazing worl<£ of the C.aiiterbury journey. Ber.l<cJt Mir¢icle Window removal of window nlv for ro.5earch and recordiiie, iri collciborcltioii with Dr Rachol KoDpman£. Bi(.£ed upori our resiiltiii% bottoi. uiider£tanding of Iliewiiidow, wp applied for aiid reLeivcd pei"nii£sion to re-ordorthe cirrangeiMoJnt of Piinpls witliin Lhe window wheri it 15 rellirned to tIILI Trinity Chape,1 in JLlliQ 2025. Improvéiments tc) Ilip protective Elazing system will also bL ITiade. Choir clerL5tory &tlaiing- conservatioi) of the stlr inod p,la%4 (Ind Elart of I'eiiist¢i113liuii ot 5eveii windows. Westgrii -l-()wers and Iiortli iiavo aislo rei1i5t'allJlioii Df £tainod Lld55 rÈmovod to pnilble stone ropriirf. So.vp.ral I'iio.diLJval heraldic Priiiels were provide(1 willi Ii)coli5ed protoctive glazing. I'wo heraldic sh ield.£ woro relor.ated to tlie Wir terlowei. corridor. Cloistprs Ioccilised ropair.s and cleaning. We collfibarato.(I witli Univprsily G.ollpge Lniidon on a fea.sibilil.ystLidy for i.lie use of Ilrones as a platform f"rJr rocording photograpliy indoors, fncLlSSilIH ori Il)e Iiorth oculus window, A paper rp.sulting Irom this exercise will piihli%hed lirter iii 211?5. Pag8 14 of71
Canterbur athedra External worl¢'. Goudhurst, St Mary's design and manufacture of a memorial window incorporating the late Royal couple's coats of arms. 'fho window 15 made using Uv-blocliing glass to protoct tlie painted Tudor effigies below it. The Cathedral carpenters supplied and instalSed the protectioii to the wooden effigies. A Cathedral ma50n helped with repairs tothe mullions ofthe wiiidow. Long Molford Holy Trinity conservation records, A condition survey of a13rge collection of stained glass f ragments from Coventry Cathedral was carried out in Covontry Cathedral. Conservation of medieval stained g1255 in St Mary's Church, Stalisfield and St Mary the Virgiii, Hastingleigh. Rèpair of vandal damage to the modern window by Alan Younger in St Giles'5 Church, Ickenham, and to the Victorian east window of HolyTrinity Church, Queenborough. Repair of hail damage to the 17th century stained glass east window of the chapel at Hatfield House. Conservation of 15th century stained glass for a private collector, installation of the fourth window and production of Studiotours.. We welcomed 34 vis1tor groups to the studio, of wh ich 31 were fee-paying, and 3 were clients of tho studio visiting their stained glass while we worl(od on it. All members of staff take part in guidingthe tours through th@ studio and tall<ingto our visltors. Talks and ublications.. Studio Staff delivered several talks and produced publications during the year- In July 2024 Sarah Fellow5 gave a tall(, and Isabelle Davies pi'esented a PDStor at the Xll I nternational Forum ori the Conservation and Tech noloEY of Historic Stained Glass in Erfu rt and Naiimburg, Gormrinv. Rachel l<oopmans and Leonie Seliger produced a second bool(let in their series about the Miracle Windows, now both on sale in the Cathedral Shop. Seliger provided an article for the Friends, Chronicle, celebrating 50 years of creative outputfrom the Stained glass Studio. Seliger gave a tall< to the Wye Historic21 Society on the Becket M iracle Windows. Stone Masons Tho .%uccossful completlDn of Worl(s to the flying buttresses of the Nave Aisle was notable in late Summer 2024, thig lengthy campaign culminated in the first in situ complete rLtsI)lacement of a medieval f lying buttress recorded and stands as testimony to the h ighly s1(illLJd teaiTI involved. A further component of the West Front project to note was the design, manufacture and installation of a series of 'grotesque' carving5 based on themes of beasts land in particular local aniimals of note- end2n8ered, extinct or reinlroducedl. Witli Scaffold around the South Nave and Southwest tower struc1( in late Autumn, prugress has been notable. The toam undertook it5 first Signif icanl. external contract in the Autum n of 2024,. thie grade I listed Poor Priest'5 Hospital, worl<iiig as nominated subcontractor for Canterbury City Council. The Page 150171
Canterbur athedra prol@ct has boon highly SLJccessf ul and a productive relationsliip with the local autliority is to bo hoped to continue. The team 1£ now listed as In offir.ial'supplierto the Couiicil, and future works are in discu55ion. After many yoars, service, Tony Long left his p05t of Head Mason and has been replaced by john Crump a5 Mason's Manager, his contractual acumen has proven invaluablo in executi ng the extornal projocts. Worl(s to thLJ lower areas of the Ch ristchu rch Gate h ave continued towards the fruition of completion of masonry repairs/conservation iii order to reopen fully by early 2026, Estates department The Cathedral Estate shows total reiital income of £2.5 m, a year-oii-year increase of 6.50/0 acro55 both commercial and residential properties. This has followed the iinplementatlon of staged increases within existing leases and improved rents agreed with new tenar)ts. Yields, for the Estate as a whole, are broadly in line with the wider market in the South East of England at around 7Yo. The Cathedral's residential property portfolio remain5 in high domand with a waiting list for some areas allowing property to ch3nge hand5 before coming onto the market. Commercial propertie5 however reflect widor marliot pressurès and economic uncert3inty and as consequence two prop erties are vacant although tentative expressions of interest have been received f or both. The Estates department continue5 to work closely with residential and commercial tenants ensuring a good worl<ing relationship is maintained whilst balanciiig the requiromont to work effectively and sonsitivoly on the listed buildings within the portfolio. Planned maintenance and coinpliance worl< continues with a number of upgrades to fire safety and other systems undertaken in the year. Education and outreach UK Schools Visi'lor numbers from Ul( schools remain st3ble. Pressures on school budgets and the high cost of coach hire are Still a ba rrier to some schools visiting. Moving forward we hope to explore new funding Streams allowing us to offerfinancial support to schools with high levels of pupil promium, to enable tl)ein to visit the Cathedral. Aiinual oveiits Such as tho Diocosan Schools Days have been well received ic nd well attended with 930 studentswelcomod acrossthree days in Novomber 2024. We are planninato introduce a new music event for loca5 schools in tho sumi'ner term. Overseas Schools We have seen a slight increase in visitor numbers from Overseas Schools this year, however bool(ings rema i n stubbornly below 2019 levels. Fram 2 April 2025, most travellers from the EU will bè required to apply for an Electronlc Travol Authorisation IETAI. However, ¢.liildren118 or undorl in School groups will be Lxempted from needing an ETA if a France-Ul( school ti'ip trcivel information form ha5 been filled in before trave.l. It is worth noting that wc coiitinLie. lo experience the trend of groups booking their vi51t much closerto the date uf travel, Page 16 of 71
Canterbur athedra Archives and Library The m05t nolable addition tothe historic collectionswas a panel of medieval g1255 formerly in the Hunt Collection, withdrawn from auction and returned by Sothoby's in March. It wi51 be held in the Stained-Glass Studio. We also acquired a journa5 of William Henry Longliur5t, organist and corTiposer IIS19-19071, who had an association lasting 70 year5 Wlth tho cathedral's music, being a chorister, lay cler1< and organist. The jou rnal was pu rcha5ed froim Simoii Beattie, bookseller, with funds from the Frionds of the National Libraries and from a private donation. With asSl6tance from a volunteor, we are working on the renewal of 94 loan agreements for church plate held on loan from parishes. Th is work is iiece55ary because tl)e oxisting agreements are out of datc and a150 because the Diocesan Registry now roq u ires a faculty. The oxhibition at tlie Scott Polar Research InstitLlte in Ca m bridge, which incl uded itoins from the St Augustine's College Collection, closed in Soptember after nearly nine month5. It was visltcd by SDrrie 29,000 visitors. We lent items to the exhibition at tlie Boaney entitl&d'Canterbury's Aplira th Behn11640-16891'. literature's best1<ept secret, which ran from 8 l une to 18 August 2024. There wero 15,213 visitors to the exhibition, including 768 pupils f rom 26 d ifferent school5. A displayto accompanythe'crown and Coronation, lightshDW was installed in thE ViewingGaSlery in September. Entitled 'Colebrations and Ceremonies: City, Cathedral aiid Crown,, it included IDan5-In from the colloctions of the City of Canterbury. The annual rotation of item5.in the display ar@a in the crypt wa5 carried out in january. Overthe yearto 31 March 2025,therewere nearby700 research visitstothe readingroom.There were 147 grou p visits, attended by soime 2,535 people. These included visits from Ihe conference on Lhe writer Aphra Behn and tl)e Internalional Con8res5 of Medieval Canon Law. At the end of Marcli wa5 hÈld a 5tLJdy day on the consorvation and care of the Cathedral's stained-glass. The reading room has be@n open during gr£iduation days, when the iiave 15 closed, so that visitors have some additional cathedral acces5. The St JDhn'5 Bible has been on display, Ovor the year we have accomiiiodated two University of Kent Heritage Studies stud@nts on placements, as well as school placements. The collections team from St Paul's Cathedral spent a day with us as part of their team development. Contractors completed th@ rewiring of our inner 5trongroDm, wh ich was a key piece of worl(. Training and Conferences FollowinLJ I'he successful post-covid resumption in February ?023 of our rosourcing programmos for leader5 Wlthinthe Anglican Communion, twofurther conforoncoswere hold tliis year.'fhe New Bishops course tool< place from 6 to 18 November 2024. Twenty-four recently appointed bishops from thirteen countries participated. A busy timetable of worshlp, Biblo sl'udy, facilitated. sessions, two trips out (including a full day in London at the Anglican CommLinion Office and l.ambeth Palac@l and informal convor5ation and engagement Was arranged. After the Lambeth Conferenc@, a 'Bi5hop for Episcopal Ministry in tlie Anglican Communion,, lo Bailey Well%, W¢lS appointed, and she and her PA collaborated with us in the planning and execution of the programme- Bishop lo led the Bible study session%. As ever, the purpDse of tho programmo was nDt primarilyto teach those meii 311d women'howto bo bishops,, butto dovelop ènd onrich their continuing iTrinistry in terms of the Anglican Communion, theology, culture, Bnd Church praclice. Pag# 17 of71
Canterbur athedra From 31 Iiinuary to 12 February 2025, sotrinarians and recently ordaincd diiacoiis and priests came in Silnilar numbers and from ali equally wide ranLF@ of place5 lincludiiiy I'or example Buriiiidi, South Africa, The Congo and Brazill. The orEanisation of their programme had similar feature5. Professors Kathy Grieb and Michael Battle once more caine as 'Faculty' from North America to lead biblical and other sessions. Malter5 sucSi as Creation Care and Climclto Ch¢lnge, Mission and Evangelism, Justice and Culture 2nd Nurturiiig New Believers were Biven iittention in tho sossions, some ol. whicli were led by vi51tiiig 5cholar.4. lach delegate attendod Suiiday lunch with local Christians a5 well as 3 day in London, where they visited tho Ang5ican Communion Office and Westminster Abbey. The administrative 2nd logistical worl< rèquired to enable these courses to take place is considorable and has been greatly @nhanced bythe Executive Support Teain put in plaLe lafil year. We continuo to be grateful to those who help with fuiiding for them, not3hly the St. Augustine'5 Foundation and the Friends of Canterbury Cathedral in the United State5. In addition to these longer and international gatherings, smaller learning event5 of many kinds tool< placo throughout the year, some organised and run by the Cathedrril, others put on in collaboratioii with oiit.£ide institutions, and others still for which we provid@ 8 venue. These offer opportunities for regular worshippers, friends, pilgrims, visitors and others to reflect upon faith, history, culture and contemporary life. Public Learning, Participation and Engagement Refugee Engagement The Refugee Project Board, which is a collaboration between the Social Justice Network of the Diocese, Kent Refugee Action Network IKRANI, the Clewer In itiative and the Cathed rbl, continuo to worl( closely togetlier to raise tlio profile of the works done by the projects in relation to tlie pliglit of refugees. For Refugee Weel(2024 the group plann ed an intoractive comm unity èxhibition in the Chapter House whir.li mcirlcèd the journey to finding a iiew home for refugees having fled from their iiative land and hom@ through war, famine, oppression, climBte change and violeiice. Wejourneyod with them from an inltial charitytenttotl)e creation Df a iiew home and the unique gifts and talents which they bringto recreate a Sense of home in a strange laiid. We a150 pondered their roception and the atmosphere of unwelcome which often accompanies those who are the strangers in ou r m id5t. We also reflected Ll pon tlie words of Christ.. 'I Wds s'li'aiig)ei' 1¢ 11(1 you wclcniiied Ine, Mcltllicw 25.. 35 ,aLid wlial tlic%¢ wards iiiigl)t Inc< for us as a LOLiiiiiunily, a dioLe5e, d Cailiedi'al £lLid indivicludls. The response to the exhibition was moving. Bishop Rose spent a night in the refugee tent in the Chapter House which w3s reported on by national press. Whi10 some of the comments that were left by our visitors included.. This exl?ibition w05 very moving ond rnude me think o lot more than I normrjlly would Dn these topics. Very thought provoking. Thonk yots. Pag8 180171
Canterbur athedra Hope for L711 the people on the run to hove u better life. God ble5S them. Very moving exhibition. More peoplp need to be awore of the refugees, plightl Very sad ond humbling. Thcynl( you. Duringthe wee1< we had over 1,500 passthrough the exhibit'ion. Sinco the refLIEoe concert of ?.022 which raised £9,000 for the work Df outreach at the Cathedral, refugee projects liave drawn upon this sum to fund further project5. Community Studio A5 a hiLliliglit,the Communitystudio was used asa resource provided bythe Cath&draltoCatching Live5, to assist in delivery of theirwinter homelessshelter. The Cathedral provided the Communitv Stlidio for one night weekly over December to March, along Wlth 6 other local churches, as a location for up to 15 local homeless clionts of Catching Lives to sleep over the winter period. This was the first participation of thi5 type with Catching Live5, an d clergy and staff met with Catching Lives clients usingthe space each wee1(. Thi5 programme was higlily £uccessfLII and it 15 hopcd will be repeated in 2025126. Over the course of the year, the Studio has become the weel(ly home for the Children's Worsliip Club each Sunday morning. In addition, it continuos to be a resource fortlie Cath@dral to offer as a venLie for local eiiBageiMent, a space for activitie5 offered a5 part of visitor paid entry, a space additional to the Lodge for commercial hire, and a valuable venue for internal training and briefings, Free Precincts Supporting Clty Events The Medieval Pageant. made its debut in tlie Precinct July 2024, wolcoming approximately 5,533 visitorsalone intothecathedral's Precinct, featuring a Paradewith giants and a finale performance by the Canterbury Shakespeare FestlV31. This event commemorated l<ing Flenry Il's visit to tlie Cathedral 850 years ago, where he performed an elaborate act of penance following the murder of Thomas Becket. Adding to the excitement wa5 the Cathedral's illaugliral 'Carve-Off, a unique competition cel?braling the medioval trade of stonemasoiiry. Two skilled masons competed to èngrave a crown into stone, aligningwith the Page2nl's'Crown and Coronation, themo. The audience played a c.rucial role by voting for the wii)nor, but botli creations wore very improssivo, so no winnor was 'crownod' These pioceswere featured in the Catliedrril'sviewing Gallery oxhibition, in conriection to that Septem ber's l.lixm lra115, Crown and Coronation. Whi15t tho Cathedral also offered crown craft activities, It was the buzz of the 'Carve-Off" and ihe free open iiig of. tlie Precincts for the Pageant th at attractod sign if icant }edia attention. BBC I(ent featured a recurring radio day segment with th@ Commercial Event Officer representing tho C3thedr81's sigrlificance as part of tho Pageant, and Moridian News captured the Parade entering tlie Precinct, making.it a main feature of their eveiiing news report. Page19of71
Canterbur athedra The limited and focused free-procinct model has provon to be a resouiiding SLiccess for thL Cathodral, with iminediate and SiEnificcint benofits. The adoptlDn of tliis m(Idel for the Medieval Pageai)t led to an increase in both ticket sal@s and ancillary expenditure. The strategic planning fnr the Cathod ral Préci ncts proved successful once again with the return of the hi4toric 600-year-old Christmas Marl(ot in November 2024 aftera gap of more thali 100 y@ars. This revival of a centurios-old tradition featured a contemporary Ch ristmas market, complote with picturesque German-style wooden huts, diverse food 3nd driii li outlets, a vintage-stylo carousel, and l ive 1nufjic porforma nce5, includ ing the Catliedral's Lonimunity 57¢ tu rday Shopper5, Carol Services. The roinstatempnt of th L Cliristmas Marl(et tittracted over 50,000 additional vi51tors to the Precincts du rinB' Ihe fostive season, Significantly en hancinE both the visitor experience and Ihe retail olfering5 8t the Cathed ral. Commercial Events and Added Value Experlences After extensive planning and research, Corona Tower Tours were reintroduced, an Liiiparalloled experiencethat has been absentforyear5. This initiativeoffers an exclusive opportunityto oxplore the Cathedr31 from a unique vantage point, providing breathl'aliing panoraimic views that encompass the entire World Herita8i1 Site, ii)cluding tlie Cathedral, St Augustine'5 Abbey, and St. Martin's Cliu rch. 'Ihorefore, tho 'Climb the Coroiia, 15 not just a tour,. it's an invitation to witness history and beauty from an elevated perspective, a feature distinct to Canterbury Cathedral, Aligning with the Czthedral's general tour schedule, this experience is part of the Cathedral's commitment to accessibility. August 2024 and February 2025 5awthe return of the second and third Silent Disco at Canterburv Cathedral, howeverthi5 tinie it was themed as a blend of differont musical decades, Lil<e February 2024, the subsequent discos have been a romarl<able success with tlicse attending and generating income from venue hire and sale of refro5hments. August2024 also hosted anothervibrant eventwhen the deaiiery garden was illuminated with the joy of family-frip.ndly performances of 'A Mid5uminer Night's Dream,, and 'SJeter Pan,, both brought togetherthe community a celebratioii of. arts and culture. In February 2025, the Chapter House of the Cirthedral was transformed into a vibr(Int mini golf course, attracting visitor5 of all agos dliring the h3lf-.lerm break. This unique evont not only provided f un and ontertai nment but a150 significantly surpassed expoctations, marking a notable success for the Cath ed ral. The event's success wa5 measured by the impressive foolfall, which exctreded projection5 by a substantial margin. Comparod to the previous year's half'_term, tlio Cathedral welcomed an additional 500 payin6visilors, briiiLJing,the tot'al i)umber of participantsto OVLJr3,000.This remarl(ableturnoLIt includod visitors ranRiiiy froir ds youiig as3 ye¢irs old to thoso in their late 80£, showcasing the event's broad appeal. Tlie niini golf eveiit was more than just a tpmporary attractioii; It has paved the way for future opportunities. The mini golf equipment is beiiig made available for rent to local coinmunities, churches, and institutions, This initiatlVL not only ensures the equiprrient's continued use but. also gencrate5 aulditional revenuo for the Cathedrcil, even wheii the COLsfse is not set up within its wa115. Overall, the mini Eoll event al tlie Cclthodr31 was a resoundiiig fuccess, bringingjoyto litorallythousands and creatiiio"lastingbenefits for the communily. The Chai)ter Flnuse eclioed with laughter and excitemeiit, making thi£ half- term one to remember. Paoe 20 Df 71
Canterbur athedra Volunteers Across the Cathedral we have around 550 volunte@rs who share with us their experience, personalities, time and energy. Without. thetn the Cathedral would not be the wonderful place thatwe 311 l<now and love, Volunteers do notvolunteer unles5 theyfeel a connection to a place or idea, and we are lucl(yto have so many who are dedicated to'lnspiring life in all its fullness, Volunteering 1£ headed by the Canon Mi5sioner as Volunteer Lead, they are supported by the StratQEiC Voluntoor Managor, Departmeiit Heads and Volunt@er Lead5. Human Re£ource5, SafeEuardinE and the Executive Support also provide advice and guidance. A new Strategic Volunteer Mènager was appointed in November 2024, and they are collaborating with volunteer managers Jnd otlier staff members to develop a centralised volunteering structure and strategythat'will create a volunteeringexporience acrosgthesitethat supportstheCathedral'5 Strate8y and develops volunteering practices that support in the creation and'development of a Com mLin ity Volunteer Culture. This process began in February 2025 with the iiitroduction of a new structured and inclusive recruitmeiit process that is transparent and accossible for all. This include5 a new volunteer h8ndbool<, acros5 £lte induction, updated volunteer section on the Cathed ra I Web51te and new Role Profiles, which allows all volunteers to experience the same introduction to the Cathedral and support in creating a transparoiit volunteering experience. To Support the Strategic Volunteer Managerthe C8thedral has 2150 recruited Ruth Leonard for a 5ix-month period, Ruth as over two docades Df strategic voluiiteering experience and has contributed with the development of a new volunteer roadmap and has contributed to new volunteer policies that will allow Canterbury Cathedral to become voSunteer centric movin8 ussfu I forward. With the support of the Strategicvolunteer Manager, Ruth has a150 held three succ. volunteer workshops to explore how volunteers are feeling and whir t changes tliey woiild lil<e within the Cathodr31 volunteerjourney, New volunteer policies h3ve been introduced acros5 tho Cathodral,. this includes a new Trivel Expense Policy which provide£ clear guidance for volunteers around claiiniiigtravel expenses and has opened this up to all volunteers. staff will be invited to participate in a new training and Support programmo for volunteer Inanagernent, which will includo 5es.sions on haviiig difficult conversations and upl<eopinL' volunteer records, A150, voluntLer manaEer£ will liold individual ono-tc-one meet'ings with volunteers which will provide a time for volLlI'iloers to sliaro how they are f'LJeSiiig about voliinteering at the Cathodral, Going forward the Strategic VoSunteer Manager is collaboratlng with other volunteer leads to develop a program of mal<ing our volunteers feel valued, this will bogin during volunleering week in June, this includes a dedicatod Sunday Evensong for volunteers with coffee and cake in the Chapter House beforehand. AnewAlumni volunteeriny role 1£ a150 being developed thatwill illow volunteers who retire an opportunity to stay conii octed to the Cathedral and still feel part of the Cathedral Community once they stop Volunteering. Psge 21 of 71
Canterbur athedra Safeguarding Safoguarding ha5 continued to be strengtliened acros5 the Cathedral, and we aro committod to en5uringthat CanterburyC8thedral ig a safe placefor allthosevisitingwhi( t everthoir baclcground, including children and vulnerable adults. In ordor to embed Food safeguarding practice5, all staff are roquirod tD do reEular 5afeBuarding training. The Cathedral's Si¢ feguarding Lead rogularly does prescntation5 tj staff and voluiiteer brieling5, Manager's workshops and Chapter away days. Safeguarding was also a key theme for the Cathedral's all staff conference in January 2025. We have information posters and leaflets on display around the Catliedr21 and offices with information on how to malco a referral, and how to respund to a disclosure. Safeguarding is a standard ageiida item on all Senior Leadership and Chapter agendas. The Cathedral's SafeEuarding Executive Group ICSEGI meets 6 times a year to consider cases and to ensure that we have the policie5 and processes in place to manag@ safeguarding acrosf the Cathedral. In addition, we have in place a Welfare Group which moLtst5 eight time5 a year. This group manages the cases which do not moot the safeguarding threshold but where interventions would mitl8ate escalation and risk. Concerns are su bmltted via a 'logging concerii form" and the safeguarding email address or via an online form on the website. There are 11 open safeguarding case5 relating to tlie cathedral, which are managed by the Cathodral Safeguarding Officers, six of whicli are subject to a safety plan or are on a watchlist, which is reviewed by the Cathedral's SafeBuarding Executive Group as a standing item in their meetings. The Cathedral has been dealingwith a numberof historicalle8ations, and a Safeguarding Practice Review for one significant historic case relatingto the 19505 will begin in the summer of 2025. Sincethe resignation of Justin WelbyasArchblshop of Canterburywe havehad a numberof victims come forward verbally and via emailto express the impact those events had on them. The Church of England publislied its National Safeguarding Standir rds 2nd Quality Assurance Frameworl<in 2023. These aim todrivecontiiiuous improvement in safeguardingacrossthe Church and also help us to understand what 'good' safeguarding lool<s like. The National Safeguarding Std Iidards cover the following areas, along with a recommendation of the tiim efranie in add re55iiig them.. Prevention Victims and Survivor5 Culture, Leadership and C3pacitv Recognising, Assessing and Man8ging Ri51< Learning, Supervisioii and Support Page 22 of 71
Canterbur athedra A working Group hi¢ S boon set up and 15 chaired bytl)e Cathedral Safeguarding Lo.iad ICanu11 Emima Pennington) to benclimark and evaluaie the implomentation of these standirds across the Laih?.d ral. Th o first standard to be reviewed by the group wa5 tho Prevention stand a1-d and we have created an act'lon logto capture improvements in this area. Tho group has also been looking at the Victims and Survivors standard and has beon discussing ways in wliich tho Cathedral can reach outto survivDf5 and enable theirvoicesto be heard at every level of safeguarding. Each Cathedral will have Bn independent audit every 5 years to assess progress. OLJr independent INEQI 8uditwilltal(e place in November 2025. I'hiqwill he a deep iiivesti8ation intotheC3tliedral'5 Safeguardingwork and cult'uro, and we are workingto preparo forthis. Cu rrent1y we have a service level agreement with the Diocese of Canterbury for the provision of Cathedral safeguarding Off icer Sorvices equ ivalont to 0.2FTE17 hours a weekl. This resou rco is stretched to capacity and insufficient to deliver the level of safeguarding service that is neoded. Chapter has therefore decidod to rocruit a dedicatL,d professi0rn31 Catliedral Safeguarding Officer and a support officer. This is in lin@ with recommiindat'ions from INEQE audits of othercathedrals. Thanl<s go to the profossionalism and friendship of the those who l<eep the Cathedral $2fe and engender a culture of opennes5, transparency and care. Financial Review for the year The Cathedral generated total net income forthe year of £1,443,000, before unrealised gain5 8nd losses on investments and property. Of the total net income, £1,380,000 related to the general unrestricted funds and £121,000 related to a roalised gain in the endowment fund. There was a def icit of £58,000 on restricted funds. Unrestricted Fund Results for the Year Unrestricted Funds arise from the income genorrlting activities of the Cathedral and from general donations. As stated above, there wa5 a net surplus on unre£tricted funds for the year of EI,380,000 12024.. Surplus of £865,0001 b@fore taking account of net unr&iclised gains on i nvestments of £37,00012024'. gains of £61,0001. There were no transfers between f Linds in the year,12024: nettransfer of funds to general funds Df £45,OOQI, Thetotal iietinovement in iiiirestrictedfuiidsfortheyearwas an increa5eof £1,417,OOOcompared with an iricrease of £971,000 in 2023124. The unrestricted fund is represented by property, cash, deposits arid investrrieiits, Chaptgr's holding in Cathedra5 Enterprise5 Limitod and the dayto day worl(ing capital of Chapter. Results of Tradlng Actlvltles Cathedral Enterprises Liinited ICELI oporate5 the trading activities of Chapter. The turnover is derived from the activitie5 of the Cathedral Shop and tlie work for third parties including othLir cathedrals and churches carried out by the Stainod Glass and other 51(Illed crafts department5, Page23of71
Canterbur athedra Cathodral Enterprises Limited continues to pay 3 commercial rent to Ch<Jpler for the preini5LS It occupies, The retail activity of Cathedral Enterprises Limited 15 transacted through the Inain Cathodra5 shop in the Visitor Centro and from a shop in the Southwest Transept of the Cathedr<il. During the year the shop within tho C.athodral was rede51Ened and re-fitted and as a result we have soon sales doublo from thtit location. In addition, there is ari on-line ret.ail presence. There is a strong focus on quality, and tradinL duringthe year was strong, The stiined-glass studio and 5tonemasoiiry teams carried out worli for third parties in the year, contributingtothe ovèrall position of the tradingsubsidiary. Overall, the busines5 returned a profit of £383,000 on a turnover of £1,615,000 com pared with a profit of £369,000 in the previous year, on a tu rnover of £1,470,000, The taxable profits f rom Cathed ral Enterprises Limited are donated back to the Cathedral under a gift aid compliant deed of covenant. The taxable profits for the year were £350,540. 'rhe Directors of CEL are opti mistic that the retail activity will continue to improve as visitor5 return to the Cathedral aiyd more events and activities are planned. New products and focussed marketing are also helping drive Sales. Restrlcted Fund results for the year Income to restricted funds can only be used for the purpose that they were given. There was net expenditure of £58,000 Dli restricted funds for the yea r after re1c li5od losses on sale of investments of £16,000 but before transfers between funds and bofore accounting for unrealised gains on investments. Tl)is compares to net iiicome of £304,000 in 2023124. After accounting for u nrealised su rpluses on investm ents of £252,000, the restricted funds showed a surplus of £194,000 for the year12024.' surplu5 of £830,000), In the year to 31 March 2024 unreali£ed surpluseson revaluation of investmentswa5£601,000 aiidtherewas atransforof funds from restriciod fun ds of £75,000 tu matcli capitalised expenditu re fij nded from restrictod income in the yèar. Total donation5 receivable by Chapter from the trustee5 of the Caiiterbury Cathedral Ti'ust tOW3rd the restorat'iori of the faljric. and the maintenance of the music and choir foiinddtion during tlie vear amounted to £G02,00012024'. £1,076,000). -rhe Friends of Canterbury Catliedral donated £361,000 which was restrictcd12024'. £91,000). Other restricted donations and legacies received in the yearwere £118,000 compared to £119,000 in tho previous year. Th e exp enses borrie by restricted f und.5 and Trusts totallcd £1,936,00012024.' £1,728,000). Page?4 of71
Canterbur athedra Summary of Total Income and Expendlture Total incomo and expenditure, which is set out in notes 2 to 4 of the accoLsnts for the year is Eraphically illustrated below. Income.. Income {£OOO)-year end 31.03.25 7,000 6.000 5,000 4,000 3,000 RestrScted 2,000 Unrestricted 1,000 Donotion5 and Grants Receivable Charges and Trading 3nd Iiicome from Fp.es arising in fund raisin8 proporty and course of Investments See note 2, Expenditure: Expenditure (£OOO)-year end 31.03.25 3,SOO 3,000 2,500 2,0 Restricted 1,500 Unresirlcted I,ouo 500 C05t of raisln8 lund5 Outreacli S¢e note5 3 and 4. Pag8 25 of 71
Canterbur athedra Funds at the Year End The Funds are shown brol(en down between Unrestricted (Generall, Designated, Restricted and Permanont. U nrostrict@d Fu nds arise from tho income g@neratiiig activitios of the Cathodral and from general donation5. Within the total, £.56,000 remains designatod al the year end to meet future marl(eting costs and £2,000 remain.E designrlted to meet future costs associated with the Girls, Clioir. £2.70iri51ion is represented by investment property and tangible fixed assets which is not re3dily available to meet expenditure. Hence at the yearend free reserves totalled £4.30million12024.. £2.80millionl. Restricted Funds which totalled £12.09mi1Sion at the year-end12024'. £11.90millionl can oiily be used for a 5pocified purpose a5 described in the notes to the accounts. Thesefund5 have arisen from gifts and donations where the donor has specified the purpose for which the gift is to be used. Permanent Funds 1£51.79million at the year-endl comprise the Cathpdral Permanent Endowmont fund and permanent endowment funds belonging to consolidated Trusts. 12024.. £50.74millionl. Reserves Policy It is the intention of Chapter that liquid free reserves (equating to unrestricted reserve5, less amounts held in property and fixed asset515hould cover six months, total operating costs. (Ch apter def ines this as total costs oven where costs were funded by restricted fund51. Liquid f ree reserves at the year-end represented around 4.1 months of total operating costs12024., 2.9 months). If costs met by restricted funds are excluded, this increases to 4.9 months, cover12024'. 3.4 monthsl, If the creditors due after more than one year (which mostly rolate to the repayiment of the CBILS loan) are excluded the tot31 costs, cover increasos to 4.66 months. Unrestricted reserves were heawily depleted during the pandemic but are slowly being rebuilt. They remain below that aimed for in the Reserves Policy. Investments Chapter has a long term portfolio cons15ting of both investment property and investmonts. The latter are held mainly in Sarasin Alpha Endowmeiit FLind unil£ and in a fund managed by Cazoiiovo Sr.hroder, There are also invostirients in fuiids managed by CCLA Isee note 61. In mal<inR and holding invostments, Chapter seiks to comply with the guidance set out in Cliurch of England's Ethical Investment policies. Ch apter updated its investmeiil po1 icy in F.ebruary 2025. Plirform ance measures are agreed with tlie inve_stinent maiia£ers and performanco, and risk is monitored rL?Eularly against agreed benchimai'ks. l-his includes Ibutis not limitLd t'ol looking at performrlnce and volatility as mpasurod P8ge 26 0171
Canterbur athedra by the ARC Steady G ruwth Cliarity I ndex (for portfolios domonstrating volatility cliaraGteristics of between 60.80Yo of UK Lquitie.s1 and mecisuringtotal ret'urn aLiainst CPI plu5 4Yo. Chapter looli for an average total return over tlie medium term la three to five year period) of CPI pus 4%. CPI for the year to 31 March 2025 wa.% 2.6%. In tho year to 31 March 2024, CPI was 3.2¥,. Tlie investment returns over thÈ18st 5 yoar5 are shown in the tables below. 2D25 2024 £'ooo 202J 2022 .'ouo 2021 £'uoo Fient5 and 0r Incom 2,414 2,03e 1,944 Lgndio¢d'5 rop1* Noi |n¢otnO 1.850 1.206 1.454 787 e53 2,6¥1 1,920 Z,Z41 5.3¥ 5.g 7.2% 4.¥% Tolul Roturii on Othor Invo8tmoni• 2025 £'ODO 20?.4 £'oDo 202J £'oo 2022 £'ooo 2021 £'ooo 381 430 38 347 421 335 Y4 718 1.248 JOB 2.547 10.6Y. 12.51% 5.9% 2S.eY• 8.4• 2.9% 130 26.7% 3.2% 7.0% Q,7 Y,2% 14.1% 11.0% 4.7% Investment Properties The investment properties belongiiig to Chapter are includ ed on the Balance Sheet at existing use value. This equate5 to market value, taking into account such factors a5 the term5 of the existing 5ease, tli e quality of the covenant as well as the current marl(et conditions. The VcilLie of these properties therefore varies from year to year. The total LJnreali5ed revaluation oain iii the year to 3 1 March 2025 was £653,000 compared with a reval uation loss of £135,000 in th o previous year. It 15 not the intention of Chapter to soll any of tlie properties mal(ing up its Estate, so any change in valuewill notbe reali5ed in theforesee8ble fiiture. Tho year in aggregatewas POSltive with some tentativo signs of a turnaround in the retail mar1(et. Offices remain under pressure. The industrial sector has continued to show growth, albeit at a lesser rate than previous years, whist the offiLe arid retail £ectors continue with modest returns with a slight irllprovemont in the retail sector, partly f rom independents in the locallty, keen to liave a pro.Eence in the High Street. P8ge27of71
Canterbur athedra The woak macro environireiit has lod to downgr1rd?s for GDP project'ions f'or 2025 aiid i11tere5t rates aro pr#dictLd io frill in response. At the same timo long term borrowiiig costs remain high. The5@ factors are (]ffecting the outlooli in the commercial real estate niarliet for the next 12 montli5. Valuations were. in accordance wlth the roquiremonts of the Royal Institution of Chartered Surveyors Global Standards 2025 and the Cliarities SORP IFR51021. Rent5 frorn the properties owned by Chapter conti nue to contributo towards the costs of rLin nin and repairing the Cathedra1. The properties also provide an attr8ctive setting for I'he Cathedral, The allocatioii of property between investment and non-investment categories is according to their use aiid in the year one proporty was transferred to the investment property portfolio. The propertywas previously used by Chapter for its own use and is now avai13bleto rent commerciallv thereby assisting in generating income forthe Cathedral. Non-lnvestment Propertles The Intornational Study Centre (Canterbury Cathedral Lodge) has been valued on a dep reciated replacemeilt cost ba51s, as Set down in note 7, in accordance with the Guideliiies specified by the Church coinmis5ioiiers, The valuation has beon prepared Lising Building Cost Indices af the ba515 for the calcLilation. It 15 Chapter's belief that this methodDIoLY roflects tho value Df thi5 building based on latest indices talcing into 8CCOl5nt location faclors, The valuation method for the Cathedral's publictoilets is also on depreciated replacement costvalue ratherthan an existing use The remaining non-investment properties hi¢ve been valued as set out in iiote 7 to the accouiitS. Th@ properties are valued on a roll'ing five-year basi5 50 that 20Yo of the properties aro revalued each year. The revaluation lof non-investment proporl'iesl at 31 March 2025 resulted in 311 overi¢ll increase in value of £336,000 compared with an increase in the year to 31 March 2U24 of £433,000. It is not the intention of Chapter to sell any olthe properties mal<ing up its Estate, so any changes in value will not be realised in the foreseeable futu re. Tho fluctuations iri total value are a reflection Pirrtly of rMsrl(et conditiDns, but also the terms on which the properti@s are occupied and their effect on the vacant possesfitsn values. Principal Risks and Uncertainties In delivering its objectives, Chapter faces a variety of operatioiial, financial, ar,d ecoiiomic rislc5. M 3jor risl<s are reviewe.d regularly and <ippropriatQ Systems have been established to mitigate the lil<eliliood cind the impact of these ris1<5 occurring. The Cathedral has establislied an Audit and Ris1< Committee which meots 1Lt least twiLe e2ch year and provides indepondent oversight of the Cathedral's systoms of internal control, ris1( maiiagem@nt and financial reporting. The committee met fourtim@s in the yearto 31 March 2025. Page 28 of 71
Canterbur athedra Senior staff manage risl<as an integral part of thoir dailyactivities and the most Slgyiiificaiit rislis are reported regularly to the Audit and Risk Comm itteo and Chapter. Chapter has alGo appointed internal auditors to provide independent assurance that the Cathed ral's ris1< maiiagement, internal Control processe5 and governance arrangements are oper3ting effectively. Thefollowingmajorrisl<swero identified in 2024125,The l<eyactionsto mitigat@the risl<sare noted alongside each. Risk Fin3niial suslaiiiabi5ily Loiiikbi'VllllSL,d d5 a result of roduced income and iiicreased costs and a business model that relies heavily on paying visitors and requires a high number of paid employees. Management Action Iiow 10-yoar striLtLLY EIL15 approved which will help strengthen the Cathedral'5 resilience. In the Short term we have carried out a pricing review and as a result introduced dynamic pricing. We have appointed a new Director of Fundraising and we are introducing new ctivities to attract iiew audiences to.the Cathedral, In addition, our sl(illed worl<forces are doing more extern81 work, We are also roviewing systems and processes to improve efflciency. A new Director of Fundraising has been employed along with a new team. They havo clear objectives linked to the Cathed ral's strBtegic priorities and are bullding relationships with potontial donors and graiit givers, Vle have in place a Health and Safety Committee whicli meets regularly. A Health and safety audit has taken place and if informing priorities. A new H@alth a nd Safety Officer is being recruited. Risk assessments are maintained for all activities across tho Pi'eLinct5. We Work closely with othor aL)eiicies in terms of security of the site and we are worl<iiigto fiirtlier strengthen our resilienco in this area. Significasit worl< has been Lindertalion uiider the leadership of Canon Ernma Pennington to introduce stror)g policies, procedure5 and tr8ining to recognise potential safeLJLiarding cases, We have a Cathodral Safeguard ing Executive Group which meet5 regul(Irly. We liave a service Impact on Cathedral life as a result of insufficient fundsto enable further major projects and ITianaging expectations arouiid planned Inajor projects. Complex site with multiple activities and aged infrastructure creating health and safety risks includ ing potential terrorist attacl<s. Safoguarding incidents Ihistoric currentl hiivetho capacity to damage the reputation of the Cathedral. or Page 29 of 71
Canterbur athedra level agreement with the r)iOCiJ4LJ fur the services of 4afEgua rd iiig officers aiirl are in the pruce5s of recruiting a dedicated 53foguardinE officer for the C4thpdral, We are reviewinE our re.qpan.Eo. to tho National SafoFuarding Staiidards and will have ali indo.pendent INEQE safoguirding audit in Novembor 2026. Ml¢ inte.nance programmo 15 addressing areas of easy win such a.E LED liglits, eff icient boilors, lowerinE thLJrmostats and grcen Èlettricity contracts. Gardening team 15 Strong on biodiversity and minimal use of pesticides. A strong 3w8reness of the challenge ahead and a need to develop innovative solutions to reduce our irnpact on the eiivironment. Impact of climr1te change impacting the Cathedral for exainp1e from storms, flood5 etc. together with an inability to meet Carbon Zerotarget5 due to C05t and plaiining constraint5. Plans for Future Years Cantorbury Cathedral has ever been a holy place where the building, worship, learning and music have enab5ed manyto sense and experience the divine iii their lives. As we move forward into a new expression of our ministry and vision, we seek to deliver againsl our strategic plan and the following pl@dge%'. As a place of pilgrimage, learning and worship, we will inspire people afresh and 511pport them in theirjourney5 of wisdom and faith. As stewards of this building and environment, we pledge to ensurethat our carbon impact on God's world 15 zero, whilst preservingthe stone and traditions of this sacred space for genoration5to come. As we turn outward in our service and mi.%.sion, we pledge to support local busines5 and provide a voice for loc31 charities, to that all may flourish in th is city th rough collaboration, corTipassion and service, As a centre of the arts and human oKp ression, we pledge to encou rage new worl(s whicli engage with thÈ issues of our day aiid Shine a light of faith onto Ihem. As one of tho foremost heritago attraction5 in l(ent and across the world, we pledge to rLin ou r Drganisation with efficiency, ded icatioii and renewal. We loo1( forward to welcoming the 106tlI Archbishop of Ca nterbury i n 2026. In collaboration with Lamboth PBSace, preparation for the enthronement in Spring 2026 is alroady well undÈrw8y. We. hope this exciting event will be an opportunity to recich out further and connect wlth many particularly within the loral communitv. Page 30 of 71
Canterbur athedra With Dur newly appc)inted PilErimage Officerwe hope to make progress on our ambition tc> bL the promier site of pilgrimage in Eiigland. By raising the prof ile of pilgrimage, we are best placed in emb racing the conspicuous resurgence in its practice. Byfully comprehendingtlie phenomonon of pilgrimage and with a resulting change in culture wè remain not only strong in offoring a warm welcoime lo pilgrirr15 and home to those who èretr8vellinFon a journey of faith but Ic re positively positionedto attpnd tothe spiritualthir5t of those of a more seciilar rnindset orthose 5eel(ing a path to faith. By next year we shall have 111 place a standard model of pilgriin welcome across the board with 3 Inoro populated online presenc@. Thero 15 a150 a vi510n to provide a centro for pilgrimage olfering a Beiiedictinewelcom& to all, with a nelworl< of coinpicssionate supportfor emotional and spiritual needs, artistic exprossion, and appreciat.ion of cultural heritage. The centre will adopt an ethos of witness to the teachings of Christ, and of wisdom for the non-religious, We will therefore offer a pilgrim welcome that is equal tD all, and fully inclusive. Robust for those of faith and a beacon for those seel(ing meaning. Underthe direction of Canon Andrew Dodd and in liai50n with our Catliedral Architect, QODA and Fabric Advisory Committee we are developing plans to help the Cathedral reach Carbon Net Zero. These proposa5s lool<to develop a healthy Cathedral usinBthe least amount of energy as p055ible to function. We will also continue to build on our plans to improve biodiversity within ourgardens and develophowwecommunicate ourcoimmitmenttothecare of the planetto encourage others. Wewish to encourageoursh2red life and forthi5 holy placeto be accessible for351 who come here as visitors, pilgrims and those who see1( belonging and sanctuary where ramps lifts and good signage mal(e Ihe building safe and navigable. We are preparing to create a Master plan acr055 the site which will explore how we can improve access for everyoiie. To create a safe space for all, we will continue our work on developing our safeguarding practices with the appointment of several key posts to Support the Canon Missioner in her role as Safeguardiiig Lead and the creation of a safeguarding committee to provide support to Chapter in their ovorsight of saf@guardinF at Canterbury Catliedral. Tho Saf eguarding Practice Review lor one significant historic case relating to the 1950s 15 duo to be published early 2026 and our national 5afoguarding audit will lake place in November 2026, Pastoral care will be reinvigorated with the support of the newly created pastoral care team and our virger5 wlio are our eyes and ears in tho Cathedral. With Martyii'f Law (The -l-errorism IProtection of Premises) Act 20251, recoiving Royal Assent in April ?025, our Fload Constablo will, over the coming year, be implementing additional secLirity inte.rventions to ensure compliance. We will bulld upon the success f rom la.%t year and continue to contribute to the life of the city by opening our doors aiid welcoming the niedieval pageant, Christma5 marl<et and other community Iroijps to SLipport oiir strategy of embeilding the Cathedral bel'ter into the city, The freo precincts model will again be oporated during these event5 to enable us to engage with the IDcal commuiiity. Pao631 of71
Canterbur athedra Underl'ho direction of c.anon DrEmma Ponnington we continueto provide d voice tu local charities nd support the work of others by becoming a Cailiodral of.5anctLiary. We look forward to welcom ing back our Head of Visitor Experience f rom maternity leave wlio, with her team, will be lool(ing to develop the Catliedral's Interprotation Strategy, prDgre5S musoum Bccreditation and realise our ambition in terms of pilgrimage and arts and culture. Meanvvhile, following the success of the exhibition Cross Currents, our plan5 to be a leading contr of the arts and liuman expression will be fijrther comented hy a collaboration witli textile art.ist Margo Selby and comp05er Helen Caddick to exhibit the worl(, moon landing, at the Cathedral fi-om lune to August 2025. Togetherwith our partners, we look forward to tlie development, consultation and publication of the World Heritage Site Management Plan. Chapter continues to focus on growing and diverqifying income, containing costs and improving efficiency. Over the next period the Cathedral will be S001(ing 7¢ t ways of oncouraging more visitors through new event5 and activities and a150 looking at further diversification including exploration of more external work for our sl<illed work force and oxploring further alternative use5 for sorne of our property assets, Our new FundraisinB Team lod byour Directorof Fundraising, Sarah Harmer will be fundamental aswe lookfor support in fundingour ambitions. We remain committed to investing in technology to ini prove efficiency and to use digitalisation to maximise the use of core systems. We will be selecting and implementing a new Financial Management System in place ready for go live at tlie beginning of 202612027 financial year. We will continue our worl( to become a volunteer centric organisation where volunteer5 are fully appreciatod for all that they do and that our voluntoerjourneys enrich the lives both of them and those they encou nter. The next fLJW ye3rs will be a journey of changè SD that all of us can live more fully the values we have ideiitified and worl( togethLar to both 5Llgtain w11at we do but to develop what we do 7¢ nd in the words of our plan'mal(e this a sanctuary for 211 where hope is nurtLired and inspired,. Structure, Governance and Management This section describesthe governance arrangements as they were during the year under review. Constltution and Statutes Canterbury Cathedral w85 regi5tei.ed with tho c.harity Commission in February 2024 (Charity Regislration n umber 12069131. A new Constitution and now Statutes were prepa red aiid ad opted in accordance with the Catliedrals Measure 202 1. Th@ Constitutlon arid Statute5 are the governing docurneiits forthe Caihedral. Paoe 32 of 71
Canterbur athedra Role of the Cathedral in the Diocese and the Angllcan Communion CantLJrbury Cathedral is primarily the seat of the Archbishop tind as sucli it is a focus for thoir worldwide ministry. The Archbishop is the Diocesan Bishop of the Diocese of Caiiterbury. The Cathod ral's role as the Mother Churcli of the Dioces@ is important and is showii not only on tho occasions when repre5entativ@s of the wholo Dioce5o gather together for Ordinations or SPQLi31 services presided over by the Archbishop, but also In the hospitality which Chaptor offers to the Area Deaneries. At the Scime time, the facilities of the Cathedral are offered to the Diocese and Synods; and other meetings ta1ce place regul arly, both in the Cathedral Church itself and in the Canterbury Cathedral Lodge. As Mother Church of the Anglican Communion, the Cathedral welcomes Primate5 and Bishop5 from the C.ommunion, together with Seminarian5 and young clergy for courses leading to their enrolment as Canterbury Scholars. Organisational Structure of the Cathedral Vlsitor The Visitor of the Cathedra1 Church is the Archbishop of Canterbury. In November 2024,The Most Revereiid and Right Honourable Justin Welby resigned as Archbishop and 8 process to appoint a newArchbishop hascDmmenced.The role ofthevisitoris set out in the Cathedral's Measure 2Q21, Guidance is issued by the Church Commissioners in relation to the functions of tl)e Visitor of a cathedral. Body Corporate Under the Cathedral M@asure 2021, the body corporate con515ts of the C.liapter. Chapter Cliapter is the governing board of Canterbury Cathedral, established under the Constitution and Statutes in 3ccordance with the Cathedrals Measyre 2021. It is the corporate body accouiitable for the management of the Cathedral's affairs in accordanco with the Cathedrals Measurè and charity law and regulation, This includes the overall vision and strategy for the Cathedral, its effective financial management and the care of its assets and people. Chap'ter members are charity trustees and musl abide by the reEiilation and guidance published by the Charity Commission, in particular in l&rms of conflicts of interest and personal benefit, a5 well as actinB solely for the good of the charity. Chapter compri5e5.' Dean (Chairl, Archdeacon, Canon Treasurer, Canon Missioner, Canon Precentor Icurrcntlyvacantl. Untilthe end of March 2025,therewas a Canon Librarian on Chapter. This post was removed on the retirement of Canon TimDtliy Naish and the Chapter position earmarl<ed for a C3non Precentor. There is a miiiimLJin of six noii-executive meinber5 also on Chapter. Forchapterto bo quorate, there must be at least seven memljers prosent,with a majority of those present beinB non-executive members. Tlie Chief OfficerE of the Cathedral (Roceiver GÈneral/Chief P8g8 33 0111
Canterbur athedra Operating Officer and Director Of Fina11ce/chief finance Officer) should bo pre5Lnt at Chapter meetings. l-he Receiver General will act as Chapter Clerk/Secrot£iry. The College of Canons The College of Canons consists of the Dean, the Suffragari Bi4hDps, the Residentiary and Honorarv Canons, and the Archdeacons of Canterbury, Maidstone and A5hford. In the event of a vacancy in the See, the College of Canons elects an Archbishop of Canterbury, in ccordanco with the Appointmont of Bishops Act 1533. Additionally, the College receive5 and coiisiders the Annual Report and Accounts of the Cathedral Church. The Flnance Committee As required und er the Catliedrals Measure 2021, Chapter is advisod by the Finance Committee in connection with its responsibilities for f inancial, investment and property maiiagement. 'fhe Committee comprlses members with appropriato l<nowledge and skills in accoLlllting, fin a ncial gov@rnance and other techn ical issues relevant to the busines5 and strategic management of the Cathedral. The Audit and Risk Committee The purpose of the Alidit antt Risk Committee is to enable Chapter members to meet. their. responsibilities by providinE Iiidepeiident oversight of tho Cathedral's Systems of internal control, ris1( management and financial reporting, and through supervision of the quality, independèncc, and effectiveness of both the intern31 auditor and external duditors. The Committee must keep the activities 2nd management of the Cathedral undLJr review in relation to such matters as Chapter has specified in the Terms of Reference. The Committee must have a rllinimum of five meinbo.rs 3nd a maximum of seven members, provided that at loast one member of the Committee must be a non-executive Chapter member. The committeo lield its first meetiiig in April 2024. The members coSlectively posse55 appropriato l(nowledke and 5ki51s in accounting, risk managoment, audit, financial governance, and other technical issues relevant to the worl< of the Committee. The Nominations Committee Chapter member5, a5 the charity trustees, are collectively responsible for ensuring Ihat Chaptor, and any committees set up by Cliapter, havo an appropriate balance ot skiSls, knowledgL and oxperience. Chapter is re.quired to sot UP li Nomination5 Comiriittee to advise on the recruitmont nd trainiiig of moinbers of Chapter and Chapter Comniittees. The Committee must have a minimum of five members and a maximum of seven members. At le3St one member of the Commlttee must be a non-executive member of Chapt@r. The Fabric Advlsory Commlttee As required under the Cathedrals Measure 2021, Chapter is advised by a Fabric Advisory Committoo IFACI. The duties of the committee include,. P8gp34 of71
Canterbur athedra Giving advicp to Chaptor on the care, CDn5ervation, repair and deve.l(Ipmeiit of Ilie Cathedral, any buildings or archaLJological remain5 Within ils preciiic'l, the landscape and environment in which the Cathedral is situated, and any objects of intere.st owned by Chapter or in its Custody or possession; Considering and dot@rmining any application made to it under the Measure,. advising Chapter on tho compilation and maiiitenance of the Cathedral inventory,. Rocoiving, onc@ Èvery fivo years, a repc>rt froin the Ci¢ tliedral archit.ect and archaeologist detailing the worl(s undertal(en to the Cathedral during that five year period of which a permanent record ha5 been made,. and Producing a register of applications made to it. Th@ Cathedral displays public notices in relation to applications for approval under the Measure which are placed wliere they are readily visible to Inombers of the public. Half of the membersof an FACare nominated bychaptorhnd half bytlie Cumrnis5ion. All meinbers are appoiiited for a term of five years but are eligible for reappointinent. The FAC meets no less thali twice a year, The Administratlon of the Cathedral Chapter sets the strategic d irection for the Cathedral and tho Cathedral is adrninistered by Chapter throligh the Senior Leadorship Team rhaired by the Receivor General Ichief Operal'ing Officer). The RecLiver Genoral overseos the fihancial and central admiiiistratioii togetlier witli th per50niiel management of Cathodral staff. Relationships with Other Organisatlons The Cathedral Inaintains a positive relationship with tho Diocese of Canterbury, through the Diocesan Office, the Archbishop's Staff Meeting, the Archdoacons of Canterbury, Ashford and Maidstone, and duriiigthe year bythe Canon Librari2n's role iii the training ul Diocesan curates. Chapter has a strong commitment to the Archbishop of Canterbury and the growth of their Archiepiscopa5 Ministry, through the use of the Cathedral and the Canterbury Cathedra5 Lodge in the Precincts.. this is a dimonslon which extends to Lambeth Palace and the wider Anglican Communion, through the relationship with the Anglican Consultative Council. Tho Cathedral maintains strong links with Canterbury City Council, the Universlty of l(ent and Caril'erbury Christ Church University. Method of Appointing Members of the Chapter The Dean is appointod by the Crown. Two of tlio Resideiitiary Canon5 are appointed by th@ Archbishop of CanterbLiry, the ather two being appointed by the Crown, with the Archbishop havinL the riEht uf appointinent every fourth time. The Archbishop of Canterbury, after consultation with Chapter, must appoint the senior non-executive Inember of Chapter. The members of Chapter must appoint the othor non-executive members, and The Nominations Comm ittee advises cjn the appointment of Chapter members. Pag8 35of71
Canterbur athedra Induction and Training of New Members of the Chapter To onsure Chapter Members can undertalce theirBovernance rDles professionally and responsibly, it isessenlial thatthey receive athorough introduction tothe Catliedral-to understand its mi55ion and ministry, how it is goveriiod, how it 15 managed, and it5 daily operation. I'he Association of English Cathedrals IAECI ru ns a serie5 of train i ng sessions for the training of new members of Chapter, both clerical and lay. The Cathedral also runs induction sessions for new Chapter members. Changes in Senior Clerical and Lay Appointments Executive Chapter Members The Reverend Canon Timothy Naish, Canon Librarian, retired from the Chapter on 5 March 2025. Non-Executive Chapter Members In August 2024, David Ub3lca was appoiiited a Non-Executive Member of Chapter. In December 2024, Richard Oldfield resigned a5 a NDn-Executive Member of Chapter and simultaneously ceased his membership of the Finance Corllmittee and the Nominations Committee. Chapter Commlttee Members I n october 2024, Graham Sharpe resigned from the Fabric Advisory Comm ittee. In January 2025, Martin Stancliffe, a member of the Fabric Advisory Committee, died, fo15owing a short illness. Martin's contribution and experience to the world of architecture and heritage con5Èrvation wa5 immeasLirable particularly to the work and development of our cathedral, We remain indebted to him for so much dedication and care overthe year5. Precentor Canoii Weiidy Dalrymple resigned as Precentor and Residentiary Canon elect and left the p05t in in March 2025. Heads of Department We welcomed Sar¢lh Harmer as our new Director of Fundraising iii December 20211, On 7 JLine ?.024, Gina Grubb weiit on Maternity IL)ave, returningtn worl< on 9 luno 2025. During her abs@nce, Richard Moppett was appointed as acting Head of Visitor Experience, Arrangements for settlng the pay and remuneration of key senlor staff. l(ey Senior staff include the Dean, Residenliary Canons, Receiver General and members of the Senior Leadership Team. The Dean and Residgntiary Canon5 are remuriorated iii accordance with Church of England Guideline.s.The reiiiLineration uf the RecoiverGoneral and otlier keyseniorstaff 1£ set with refL4rencL) t'o rriarket salaries locally for QqLiivalcnt posts Jnd across silmilar lieritage organi5ations. P8ge 36 0171
Canterbur athedra Fundralslng Chaptor alin5 to 1r chiove best pr3Ctice in the way that It communicates with its supporters and visitors and to act in accorclance witli Fundraising ReguSator guidance, It til(es care with tlie tone arid accuracy of its communicationsto ensure thattheir data is protected. Chapter never5e115 data and i)ever exchanges data otherthan with other department5 of the Cathedral to onable services tu be delivered, Chaptor undertakes to react to and investigate any complaints regarding its fundraising activities and to learn from them and improve its sLrvioe. Statement of the Responsibilities of Chapter in respect of the f inancial statements Chapter is responsiblefor proparingthe annual reportand financial statements in accordancewith applicable law and United Kingdom Accounting StaiidBrds Iunited Kingdom Generally Accepted Accountlng Practice). Charity law requires Chapterto prepare financial statements for each financial year which give a true and fair view of tlie State of affairs Df the Cathodral, and of the Cathedral and its subsidiaries (the Group), and of tlie income and expenditure of the Group forthat period. In preparing these financial statements, Ch8Pter is required to.. select suitable accounting policie5 and then applythem coiisistently,. observe the methods ènd principles in Accounting and Reporting by Charities.. Statement of Recommonded Practlce applicable to charities preparing their financial statements in accordance with Financial Reporting Standard 102 IFRS 1021,. make judgements and estimates that are reasonable and prudent,. State whethor applicable United Kingdom Accounting Standards havè been followed, 5ubjectto any material departures disclosod and explained in the flnancial statement5,' and prepare the financial statements on the going concern basis unless it Is inappropriate to pre5Lime that the Cathedral and Group wi51 continue in operation. Chapter is responsible for 1<oeping proper accounting records that disclose with reasonablp accuracy at any time tlie financial position of the Cathodral and enablo it to ensure tliat the fin&incial statements comply with the Chtirities Act 2011. It 15 also responsible for Sdfeguarding the assets of tho Catliedral and hence for taliing roasonable steps forthe prevention and detection of fraud and otlier irregularities. The f inancial statements have been prepared in accordanr.e with the accoLinting policies sot out on page5 49 to 53 of the attached financial stateinent5 2nd comply witli Cathedral's Constitution and Statutes, applicable law5, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommeiided Practice applicable to charities preparing their accounts in accordance with the Fi112ncial Reporting Standard applicable in the United Kingdom and Aepublic of Ireland IfRS 1021. Page37 of71
Canterbur athedra In so far as each member of Chapter is aware.. there is no relevant audit information of which the Cathedr31's auditor is u nawaro,. and oach member of Cliapter has tcil(en all stepsthatthey OLJghtto havetaken to makethemselves aware of any relevant audit information and to establish that the auditor is aware of that information. Chapter is responsiblo for the maintonance and integrity of the Cathedral's financial information incliided Dn the Cathedral'swebslte. Legislation in the Unil'ed Kingdom goveriiiiigthe preparation and dissemination of financlal statements may d iffor from legislation in other ju risd ictions. Investment Powers The investment powers of Chapter are set out in the Cathedrals Measure 2021. Chapter may, in respect of moiiey whic.h forms part of the pormanent endowmcnt ofthe Cathedral or 15 Otherwise vested in Chapter.. lal invest it in the acqu151tlDn of land,, Ibl invest it in an investment fund Dr depo51t fund constituted under tlie Church Funds Investment Measure 1958; IGI invest it in any investments in which trustees may invest under the general power of investment in sectlon 3 Df the Trustee Act 2000 las restricted by sections 4 and S of that Act),. and Idl use it forthe improvement or development of property vested in Chapter. Legal and Admlnlstrative Information The Cathedra5 is registered at the Charity Com mission under tlie name of Canterbu ry Catliedral which is its legal n ame. Its registered charity nlimber 1.% 12069 13. The Cathed ral Is also l(nown 35 the Cathedral and Metropolitical Church of Christ, Canterbury. Office Holders April 2024 to July 2025 Chapter The Membor5 of Chapter during the year and to the date of thi5 report wÈre'. The Very Rever@iid Dr David Monteith The Reverend C3nuii Or Emtma Penniiigton The Reverend Canon DrTimothy Naish The Reverend Canon Androw Dodd Doan of Can kerbliry Canon Missioner Canon Librarian (until 5 March 20251 Canon Treasurer The Venerable Will Adèm Miss13nL) Ibbotson Mr Richard Oldfield Mr Guy Perricone Mr5 Pim Baxler Mr Poul Sylva Archdeacon of Canterbury Senior Non-LxocutivÈ Member Non-Ixec.utive Momber luntil December 20241 Non-Executive Member Non-Exocutive ML)mber Non-Executive Member Page 3B Df71
Canterbur athedra Mr David Ubaka The Reverend Wendy Dalrymple Non-Executive Member (from Augus120241 Precontor and Canon dLJsignate (until 30 March 20251 lin attendance) Receiver General lin atteiidancel Director of Finance lin attendancel Ms l<athryn Beldon Ms Julie Wood Receiver General Dlrector of Finance Surveyor to the Fabrlc Consultant Archaeolo8lSt Director of Music Ms Kathryn Beldon M5. Julie Wood Mr jonathan Deeming Mr Ross Cool( Dr David Newsholme The Finance Committee The membersliip of the Committee duringthe year wa5.. Mr Paul Sylva The Reverend Canon Andrew Dodd The Reverend Canon Dr Emma Pennington Mr lonathon Swaino Mr Andrew Macfarlane Mrs Phoebe Rosier Mr Richard Oldfield Chair, Non-ExeLutive. Member of Chapter Canon Treasurer Canon Missioner Committee Member Committoo Mlmber Committee Member Non-Executive Member of Chapter (until December 20241 Receiver Geiieral lili attendance) Director of Financc lin attendancel Ms Kathryn Beldon Ms Julie Wood The Audlt and Risk Committee The meimbership of the Committee duringihe year was.. M5 Holen Wiseman Mis5 Jane Ibbotsoii Mr Guy Perricoiie Ms Sue Martin Mr Saim Barrett Ms1<3tbiryn Beldon Ms Julio Wood Ms Laura Palmer Chair Senior Non-Ex@cutive Member of Chapter Non-Executive Member of Chapter Committee Member Corriimitteo Member Recpiver Gener21 lin attendaiicel Director of linance lin attendance) Executive Support Manager lin attendance) Page 39 of 71
Canterbur athedra Nominations Committee The Inem bership of the Com mittee du ring the year wa5,, Mrs Pim Baxter The Very Revèrend Dr David Monteith The Reverond Canon Andrew Dodd The Venerable Will Adam Miss l alie Ibbotson Mr Richard Oldfield Chair, Non-lxecutivo Member of Chapter Dean of Canterbury Canon Treasuror Arclidoacon of Canterburv Senior Non-Execulive Memher of Chapter Non-ExeLutive Meimber of Chapter luntil December 20241 Cominittee Member Receiver General lin attendancol Director of Finance lin attcndancel Ms Adeola Olufayo Ms l<athryn Boldon Ms Julio Wood The Fabric Advlsory Committee The momber5hip of the CoirTnittee duringthe yearwas-. Mr Ricliard Halsey Mr Paul Bennett Mr Gra113m Sharpe Mr Martin Stancliffe 8ishop Nicholas Holtam Ms Anna Eaves Dr Alixe Bovey Ms Edith Blonnerliassett The Very Reverend Dr David Monteith Ms l<athryn Beldon The Reverend Canon Andrew Dodd Mrjonathan Deeming Mr Ross Cool( Mrjoel Hopkinson Chair and Committee Member Committee Member Committee Member (until OctohÈr 20241 Coimm'ittee Member (until January 20251 Committee Member Coimmittee Member Committee Membor Committee Member De3ll of Cantorbury lin attendancel Roceiver General Iln altendancel Canon Treasurer lili atteiidancel Surveyor to tlie Fabric lin attenda ncel Cathedral Archaeologist lin attendance) Head of Fabric and Estates lin attendance) Address of the Cathedral Office Caihedral House 11 The Pr?Lincts Ca nterbury Kenl Ctl 2EH' Page 40 0171
Canterbur athedra Professlonal Advisors Auditor Bankers Buzzacott Audit LLP Chartered Accou ntants and Registered Auditor 130 Wood Street London EC2V 6DL LloydsTSB Bank plc 2nd Floor Gail House Lower Stone Street Maidstono Kent ME15 6NB Solicitors Winckworth Sherwood LLP Veale Wasbrough Vizards 255 Blackf riars Road 241(ingWilliam Street London London SEI 9AX EC4R 9AT Investment Managers Sarasin arld Partners LLP luxon House 100 St Paul's Churchyard London EC4M 8BU CCLA Investment Management Ltd Cazenove go Cheapside Schroder & Co Limited London EC2V 6DZ 31 Gresham Street London EC2V 7QA David moiite.itli The Very Revd Dr David Monteith, Chalr of Chapter 26 july 2025 Pag8 410171
Canterbur athedra Independent auditor's report to Chapter of Canterbury Cathedral Opinion We have audited the accounts of Canterbury CBthedral Ithe'parent charity l and its_subsidiarie5 Ithe 'groiip'l for the year ended 31 March 2025 which comiirise the group and parent charity statement of financial activitios, balance Sheets, statement of c3sh flows,tho principal accounting policies and the notesto tli@ accounts. The financial reportingframeworl( that has been applied in their preparation is applicable law and United l<iiigdoin Accounting Standards, includiny Financial Reporting Standard 102 'The Financial Reporting Standard ic pplicable in the UK Jiid Republic of Ireland, Iunited l(iiigdoin Generally Accepted Accounting Practic@l. In our opinion, the account5: • give a true and fair view of the State of the group'5 and of the parent charity's affairs as at 31 March 2025 and of th eir incorll ing re50u rcos and application of resources for the year tlien onded,. • have been properly prepared in accordance with United Kingdom Generally Actepted Accounting Practice,. and + have been prepared in accord8 nce with 'lhe requirements of the Charities Act 2011. Basis for opinlon We condutted our audit in accordance with International Standard5 on Auditing IUKI11SAs lUI<II and applicable law. Our responsibilities under those 5tandard5 are further described in tlie auditor's responsibilitie5fortlie auditofthe account5sectiDnof our report. We are independeritof the ffroup in accordaiice with the ethical requirement5 that are relevant to our 3udit of the account5 in the Ul<, iiicluding the FRC'S Ethical Staiidard, End we have fulfilled our other ethical respDr)sibilitie5 In accordaiice with these roquirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the accounts, we liave coiicluded that the trustees, use of the going Loncern b35is of ccounting in the preparation of the accounts is appropriate. Based on the worl< we have perforined, we have not identifiod any material uncertainties relatinE to events or coiiditions that, individually or collectively, may cagt significant doubl on the group and parent cliarity's ability to continue as a going concern for a period of at least twelve month5 f rom when tlie accountfj are authorised for issue. Our re5pon£ibilities and the responsibilities of the trustees Wlth respect to going concern are described iii the relo.V¢int Sections of this report, Other information I'ho other informtition comprises tlie iiiforiiiatioii iiirluded in tho annual report other than the ccounts and our auditor's reportthereon. Tlie trustees are responsiblo fort'he othLJr informatiori Paq842of71
Canterbur athedra contairied witliin the annual roport. Our opinion on the accounts doe5 not cover tlie otlier inforimatiuii and wo do not express any forrm of assurance conclusion t'horeon, Our responsibility is to read the other information and, in doing so, consider whellie.r the other information is matericilly incoiisistent with the accounts or our l(nowledge obtained in the course of the aLidit or othei'wise cippears to bo materially misstatL,d. If we ideiitify such material inconsistencies or apparent material mi55tatements, we are required to determine whether this gives ri.se to 3 material misstatement in the accounts themselve£, If, based on the worl< we have perform ed, we conclude that there is a material m is%tateinent of th is other information, we are required to report that fact. We have nothing to report in th is regard. Matters on which we are required to report by exception In the light of t'he knowledge and uiiderstanding of the group and parent charity aiid its environment obtained in tlie course of the audit, we have not identified material misst3tementS in the trustees, report. We have nothing to report in respect of the following matters In relation to which the Charities (Account5 and Reports) Regulatioiis 2008 require5 US to rLJport to you if, in our opinion: + ' the inform8tion given iii the trustees, report 15 inconsistent in any material respect with the accounts,. or • sufficient accounting records have not been kept by the parent charity,. or + the parent charity accounts are mot in agreemeiit with the accouiiting records,. or + we have not received all the informtition and explanationswe require for Dur audit. Responsibilitles of trustees As explained morefully in th@trustee5' responsibilities statement set out on page 36, tlietrustees aro rosponsible for the pr@paration of the accounts and for being satisfied that they give a true and fair view, and for sucli intern21 control as the trustees determine is necessary to enab5e the preparatlon of 3ccount5 that are free from material misstatem ent, wh@ther due to fraud or error. In preparing the accounts, the trustees are responsible for assessing tho group's and the parent charity's abiilty to contiiiue as a going concern, disclosing, as applicible, mdtt'ers rolated to Eoing oncern 8iid usinLi the going concern basis of accounting unle55 tlie trusteLS either intend to liquidate the group or the parent charity or to cease operations, or hav¢J no realistic alternative but to do so. Audltor's responsibillties for the audit of the accounts We have boen appointed as auditor under section 151 of the Charities Act 2011 and repDrt in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assu rance about whether the account5 as a whole aro f ree f rom material m i5Statement, whether due to fraud or error, and to 155uÈ an aud itor'5 report thrlt Includes our oijinion. Re3son3ble assurance is a high levol of a55urance, but is not a guzranl'eethat Page43of71
Canterbur athedra an audit coriducled in accordance with15A% IUI<I will alw£iyS detoct a material m isstatoment wli en it xists, Mis5l3tement5 can arise from fraud or error and are con5ideied material if, indivldually or in the aggregate, they could reasonably be expected to influ@nce the economic decisions of users taken on tlie basis of these accounts. IrroBularities, includin8 fraud, are instances of non-compliance with laws and regulations. We desigii procedures in linp with our responsibilities, outlined above, to detect malerial mi.$5tatements in respect of irregularities, includ ing fraud. The extent to which our procedures are capable of detecting irreBularitios, including fraud is detailed helow.. Our approach to identifying and assessing the risl(s of material mi5Statement in respect of irregularities, includiiig fraud and non-complianco with laws and regulations, was as follows., • the eng¢lgement partner ensurod that the engagement toam collectivoly had the appropriate competence, capcibilities and sl<ills to identify or recognise non~compliaiice with applicable laws and regulatiOnS,' • we obtained an understanding of the legal and rogu5atory frameworl(s that are applicablo to the group and determined that the most sigNificant framoworl<s whicli aro directly relevantto specific assertions in the financial statem @nts are thos@ that relate to the reporting f ramework; and • we understood how the parent entity is complying with those legal and regulatory frameworks by maliing onquiries of manrigemènt and thoso resp0115ible for legal and compliance procedures. We corroborated OLJrenquiriesthrough our review of minutesof Chapter, Finance & Estates committ@e, and Finance Committee meetings. We assessed the su.%coptibility of thè group's accounts to material misstatement, including obtaining an understanding of how fraud might occur, bv.. • identifying and assessing the design effectivenes5 of controls in place to prevent and detect f raud,. • understanding how those charged with governance consider and address the potential for override of controls or other inappropriate infSuence overthe financial reporting process., and + asse55ing the extent of compliance with the relevant laws and regulations as part of our procedures on the relevant accouiits itom to which they relate. To address the ris1< of fraud through management bias and ovorride of controls, we: + performed analytical procedures to identify any unLJsu&I or unexpected rolationships,. + performed substantive testi ng of expenditure i ncludliig testing the autlioris2tion thereof., • investigated tho rationale b@h ind significant or nUSUal transactions,. • tes'ted joii rnal entries to identify unusual transactions,. and assessed whetherjudgements and a¢sumptions made in determimingtheaccountingestimates Pgge 41 of71
Canterbur athedra were indicative Of potential bias. In response to the ris1< of irreEu13rities aiid non-compliance with law5 and regulations, we designed procedures which included, but were not limitod to-. • agreeing accou nts disclosure5 to underlying supporting documentation,. + reading the minutes of Chapter,. Finance & Estates cominittee and Audit & Risk commlttee m @etings and + enquiriiig of management and representatives from Chapter as to actual and potential litigation and claims. There are inherent limitations in our audit procedures described above. The more removed that lawf and regulations aro from financial transactions, the less lil<ely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of tho trustees and other managemènt and the inspection of regulatory and leg81 correspondence, if any. Material misstatem'ent5 that arise due to fraud can be harder to detect than those that arisè from error as they may involve d@liberate concealment or collusion. Afurther description of our responsibilitiesforthe auditof the 2ccount5 is located on the Financial Reporting Cou ncil's website at www.frc,or8.ul</auditorsre5ponsibilities. This description forms part of our auditor's report. Use of our report This report is made 501ely to the charity's trustee5, as a body, in accordance with Part 4 of the Charities (Accounts and Roportsl R@gulations 2008. Our audit work has been undertalcen so that we Iniglit state to tho charity's trustees those matters we are required to state to them in an au ditor's report and for no other purpose. To tho fLiSlest extent pe.rmitted by law, we do not accept or assume responsibility to anyone other than the charity and tho cFb.arity's trustees as 3 body, for our audit worl(, for th15 report, or for the opinions we have formed. Buzzacott Audit LLP Statutory Aud itor 130 Wood Street Londoii EC2V 6DL V*¢r( Jo7£ Bijzzacott Audit LLP is eliyibSe to act as an auditor in terms of soction 1212 of the Companies Act 2006 P8ga 45 0171
Canttrbury Cathedral Con.solidaled stdtement ()f financial activities for tlie year ended 3 1 March 2025 46 Unresti'icted Re5ti'icted Ptrm2nent Fllnds Funds Total Funds 2024 Fund5 2025 Note £'uoo 'ooo 'DDo £'DOO £'ooo Incornt #nd FJndowments fi-otn.. Donatiijiis le8acies chitablE A¢livites'. Other Gianf5 11) Support of nii5sion Charges and fces arising in tlie course of In110ft TTadiiig ld fvndiaising InveslTrenls 446 1,081 1,527 1,643 28 369 3Y7 274 2,844 6,014 2,679 2,844 6,019 3,118 13,905 2.436 5,622 2,899 12,874 439 'rot*l Income 1,894 Expenditui'e on.. liaisin8 fijnds 3,193 3,L93 2,899 Chwitable acrivilies.. Ministry Calliedril and precincts upkeep Education and oiitreach Other expendiknre Ilie Cartierbury Jottmey Project 1,85Y 2,638 2,814 127 1,035 608 208 85 2,894 3,246 3,022 212 2,421 i,099 2,979 193 8,806 7,438 1,936 9,374 Totlll ExpenditUTe 10,631 1,936 12.567 11,705 Net realised gainslllos5eyl on invt5ttllL'nts 121 105 Net incLTrrne before unrealised 1,380 1581 121 J,443 1,169 Net unre21ised gxinslllos5eyl on investments Investment property Listed inveslni¢nls 58 653 252 230 816 TDtsI n¢t gains on inveytmL'nts 37 252 594 883 681 Nct ineotne 1,417 194 7J5 2,326 1,850 Othcr recognised IIOs5e$llgiins on i'cvaluatxon 11851 521 350 83 Non invegimtnt PTopeiEy 521 Net rnov¢ment in funds 1,417 194 1,051 2,662 Retuneiliation uf funds.. Total funds broiighi forward i,579 511,741 68,221 65,938 'ro(21 funds carried forFvlli'd 6,996 il,792 70,883- 68.221 The nok5 nubered I to 24 and lli¢ appep_dix wliidi contains coniparativc infoiTraiion form part of Ili¢s¢ accounts. TlJ¢ Statetnenl ofFiDancial Aciivilies iiitliioes dl gain5 ¥nd IDsses cOgnised iii Ilieyear.
47 At 31 M>ii'rli 2Q2. Poi'mnnenl Total riunas 202d Noto 'ooo £'ooo £'oofj £'oun £'ooo FixL(l A5.%el% l)ropcrty 845 839 32,141 rxngiblo fix¢d A55t15 5,722 5,722 5,907 oiliei propcrty oihci18ngible 95sels 60 3,SJ7 10,J64 $1,768 65,669 ,81oiks D¢blLbrs io 309 1,498 3UY 1,498 279 24 7,SY8 24 9,353 8,797 5,554 3,617 4,044 Id 5,799 781 12,095 51,YY2 71,468 69,631 13 13 467 467 1267 51,792 70,883 68,221 tiLnef81 14 l4 6,951 5,534 45 45 12,Q77 18 12,077 2,487 49 23 14 2,469 2.488 Corwralc E51UI¢ (1,996 51.792
Lniitei'bury Cntli¢drRI 48 I J I MRvclI 2Q25 I1lId8 2n25 2024 NTrlp. £'ooo. £'ooo £'oo s'ooo £'ooo F5xcO A.%sL't.% 845 %39 32,741 34,336 24 190 JS.355 5.722 5,722 5,907 f.uri.enl A5%tt% Lodll ID SldIry 63 1,731 24 63 8,522 24 3,473 3,473 3.340 3,846 24 4,982 7,77 12,U95 51,792 71,364 69,360 13 467 467 6,891 70,779 blinds 6,8d7 4S 6,847 45 12,077 2,487 49.323 70,779 5,403 45 Dcjignaied 12,077 2,469 Coipor&te Id 6,¥92 Revaliilliioii trgèPKS Trff.4 fya4m120?.4.. £4 55Eml ar¢ iiie]uded iii Ilic pbove lund5 ielnlin8 io non-pioperty inYesiiMei?15 of IhL' pivptsriy. J)Avid Montoith Lanun Trusufcr
C%ntei'bury Cathedi'al 49 ConsolidAted ea5htltsw statement For the year ended 31 MarLh 2025 2025 £'ooo 2024 £'ooo Cii sh flo)Y StRlcrnelll 1.021 653 1,937 60) 1,789 546 1991 89 CAsh flow5 Irom finAntiiig activities Repllymenl of borrowirtgs Net cash lused inllpiovided by finan¢iang acliyilies 800 800 1800 800 Iiicreasdin casli and equivalents in year 517 694 Casli and $11 equivale1$ ai i April 6,Y69 6.275 C4sli cll5h ¢4uivAltnts at 31 M%i'¢h £'Doo £'ooo Net intOTne btfoi'e If2nsleT5 Adjllslmen15 for.. Income froin piopBrty Inttl InCot fro investlinIS In¢il Deprcciation Net surplus froill sale of invastments inss nii diSPO531 of Fix¢d Assets 1,443 1,169 246 23g DBcreas&liD¢r¢asell in debtors IIDciY3seydttree 111 creditors 51 01 295 653 £'ooo £'ooo 6.969 c]7 at bank and In hand Totnl c., ADAIy5:.$ of change5 Tll ntt fUnd.(debt) CAsli Moivs Al 31 Ni Izi-ch 2025 £'ooo £'ooo £'ooo Cash md cash t4UiV21¢nL8 Baiik loan 6,969 577 800 lJ77 1,546 1,267 6,279 4,902
C2nterbiii-y Cathedral 50 Pi-incipal Accounting Policies The principal &ccounting policies adoptedj judgement5 key sources of estiination uncertainty in the prepttl0 of the actounts al'e laid out below Basis of Preparatlon Df account These accounts havc bccn preparcd foi. the year tiided 31 March 2025 with comp8Tative information given iii resCt to thc year to 31 Marcl) 2024. The accounts havc bc¢n prepartd undei. thc historic&1 mst convention with itetns Tccogni5ed41 cost or transactioii valut nle55 Otherwisc stated in the relevant accounting policics OT Oth&. notès to thesc aecoiinls. Tht financial st&lementE havc beell pi"epared in accoi"dance with Accounting and Repoi"ling by Charilies.. Slaletnent ol Recomniended Practice applicable lu charities preparing their accounts in &CCOTdan¢t willi the Finarkci&I RepoTiing StdzTd &pplicable in the Uniled Kin£doin and Republic ot. Ireldnd IFRS 1021 (Charitics SORP FIIS 1021, the FiIianci&l Repurting StIdard applicable in thc Ull and Republic of ITttl8nd IFRS 1021, tl)e Financial Reporliiig Sdard appliublt in thc UK and Kepublic of Iitland IFRb 1021 and tlie Chariiie% Act 201 L. Canterbury Caihedi'al is a regisieTed charity, an ecclesiastical corpoi'ation and coiistitutes a public benefit entity as dtfined by FRS 102. Thc accouiits are prcsented in sterlin8 and rounded to the nesre%t thousand pounds. Bksis of con501idation The Eroup accounts consolidile Ihe accounts of the Calllcdral and lis sub5idi8rits, Cathedral Enlery)rises Limjted and.the Ivor Read Ch8rily. No separate statetTrttnt of fin3ncial aclivitlLS has been prtsenred for the Cathedral alone as PL'Ttnirted by Seciioii 24 nf the Cliariti&% SORP IFRS 1021. I'he Caih¢di'al'5 total incoiye for the year was £13,906,000 12024.. £12,489,000) 2nd I's net incotnc for the ytar £l,443,00012024'. nct incomc £1,169,000). Critieal accounting estimates pnd are?1 s of.judgement Prepar¢,',on of the accounts I'equires the Chapt¢r and managtfnent to niakc significLryt judgem¢nts and cstima¢es. Thc items in the accounts where thtsr judg¢Tnents and estimalcs liave beert made includt.. assessing tlie prob&bilily of rcc¢ipt of legacy incon)e and deltTmining thc amount to be recognised ag income in thc accounts. eslimating Ilic us¢ful economic life of tangible fixcd assets for the puryosts of deleiThining a depreciaiion Charge. asse55ing the appropriateness of the assurnptions and metliodology used in dttcrmining the fair valuc of investtnent aDd non-inve5ttr.nt prnpeTtics' assessing the Deed for any provision against slow moving or obsoleie stock. assessing the rccoverabilily of outstandthg debtors and the need for any provi%ion foi. bad oi" doubiful debis, dcltmlining the value of designated fvnds needed ai llit ye3T end lo Ineet spccific fvttire expendiliire; assessing thè basis foT the allocation qf support cosis, e5titnating future iiicom¢ and expenditure flows for ihe puiposc of assessing ooing concern, including the continuiiig iinpact of tl)t Coronavirus pandeiiiic. Assessment uf 20ing contei-n The Chaptei" has made this esSin8n1 in irspect to a pu'iod of least one year tiY)m iti]e dale of approval of lliese accounts. The cathedr18 financidl position continues to be impactod by the legacy i)f th¢ Covid-i9 pandeThiic and Brcxil. Recovery has becn lowcr than liad bttn hoped, in part due to Slrortg inflationaiy ?ressurt and glubal instability over 1¢ past diret years. However, 2024r25 saw some iinprovenienl in Iht Caihedial's position. Visitoi. niitnbtrs for Ilie year were 85 /0 of PTtrpandemic numbers and we are predicting they will Temain at thai Itvtl for Ihe forthcoming Y..
Canterbury Catliedral 51 Prineipal Accounti¥ Policies Dui'ing the year Chapter appi'oved t ntw Vlsion and strategy for the Cathedi'al whicli will help pi'ioritise the Cathedral's activities for the next 10 years aDd iiLpi"ove its financial sustainability. A prograTnrne has Staiied to invest in systems and processes to iinprove efficienty. At the Sne tiine, the range of aciivities offered acioss the ytar is being extended tts atli'acl new audieiice5 to the Catliedral. A i'eview of PTicing tool( place dui-InE ihe year ond iEcoinincndatlODS have been itnpltinciited including the contiDuatiun of the 'Kids go free offer to Inake it easiti tor fa. rnilies to visit. Regular family activities durin8 school holidays have continueo. Events su¢h as a liglit sh(Trw, exliibitiofts, oncerts wid silent discos bave been successful. Costs have betn l(ept under constant review. 'Tht property portfolio is kept under ieview and as piop£rtits beconie free. their use 15 c(Trnsideied to cnsuir Ibat thcii- occupancy is optiiniied and renial incon)e is increased. Duriiig 2024125 ChapteT wncluded L review of fundraising and a new fundraising DiTecior and supporting team have been recruited to strengihen the CathedTal's fundrnising capacity. The Chapter took out a CoTonavirus Busine55 Inierruption Loan with its bankeT5 in 2021 which has proirided txtra liquidity and which is being repaid over five years Itnding O£ts)ber 20261. 'Iht intei'esl rdie was fixed for the fvll five ar3 and as a re5ulI, inierest rates have been pr(Trteeted fi'om Ihe rises seen ovei. the past three years. The l(iall is subjecl to an EAITDA relaled c4)venant tested annually. The coycnant was mei for the year. 'The Chapter re[11n5 confident ot the Cathedral'5 ongoing liquidily. Despite the continuing uncertainty, tli¢ Chapter has concl'Jded Iliat the level of uncenaiDty dots not C3St SI1ficant doubt on the ability of the Catliedral to continue as a going conwm. The Chapter is of the opinion that the CaiFi¢dral will have sufficient Tesources 10 tneet lis liabilities thry fall due. Income reeognition Lnc4)me is rtcognised in the peTiod in whith the Cathedrdl has entiilcinent to the inMe, the amount of income can bt nieasured reliably and il is pr(Ibable thai the inctsmc will be rcctived. Incvint Gompriscs donatioD¥ legacies. grants, char8es and fees arising TN le tourse of Thission. iDcome froTn trading and fundraising activities and investment income. Donations (including incoine fTI)m offcrtory and similu colltCllQD51 are recognised when thc Caihedral has confirmation of both the a.oU1 and the settlcsr.ent dale. When donail0 are pltdged but not Teceived. the income is accrued for iyhen the receipt is considered probable. In ihe ev¢Dt that a donation is subject to conditions thai require a level of perfonTWDte before the Cathedi'al is entitled to the funds, the income is deferred and not reco8niscd until eithtr ihose condiiions 3rd fvlly Inet, oi- Ihc ftilfilnient of those conditioDs is wholLy withift the control of the C&thtdral and it is pi'obable that those conditions WTII be fulfilled within the iepoiting period. When a third party pays for goods or services on behalf of the Cathtdral the cost Is shown as both a donation and expenditure in the statement of financidl activitiu. Similarly) donated Eoods and services are valutd on an ann's len&h b]8 and sliown as in¢oTne and eiihpr capital oi" reVee expcndiiure appropriate. No monetary value is placed on the sci"vices pr(Trvided by Cathedral volunteer Legacies are itcognised in tht ate[ett( of financi activities when the ¢hapitr is satisfied that.. the C&thedYdl is entitlcd to the It£acy, the value ot-the legac}. Can be r¢liably estimated. Iht executr)is have established thai ther¢ are sulficieiit SUTplus asS¢t5 in thc estate to pay the legacy and thai rtctipt of the legacy is thcrefore probablt and rlfilMent of any CODditions attathcd lo the legacy Is wholly in +he tonti'ol of the Cathedral. Giliits from goveiminent and othei. agencie5 have been included grants in supptsrt of mi55lOn. Intonit is deteTred when tlie ch'Ity has 10 fulfil perfo]mce Telated conditions befoi'e becoming entitltd to it or where Ihe donoi oi. fundtr Specified th&t the income is to be ¢xpendtd in a fvture accounting pcriod. IncoTne froin cliarge5 and tee5 arising ID t41 e course of mission are recolS¢{j a5 and wlien the IEl&ted goods or seivices art provided. Incoiiie geiierdied fix>in the a¢tivilies of ilie trading subsidiary CAJmprise5 income from the Cathedral shop. and cxtemdl work can'itd oui by the Catliedral's st&iiied 818ss and slontmason5' departInents. It is measured at the fair value [th¢ ¢oDsideraiion receivttd or I'eceivable, excluding distounts. lEbat and value added tax. DivideDds are recognised once the dividei)d been decird ]d notificaiton 4as been received of th: dividend due. InteTest on funds held on dep.osit is iiicluded when it IS Tectivable,. thi* is nomially upon notificaiion frtstn the bank of the irjterest p#}able or psid.
Canterbury Cathedral 52 Prineipal AtCOllnti112 Policies IncotDB from the Tental of piDperties is recogniscd when the income is receivable uiider the lease docutnent. whem tfrie TrOU1 can be intt8sured Teliably and il is probable such incotne will be received. Expenditure I'ecognition xpendilui'E is ircogni5ed as sooii as Ihere 15 a legal or cons1CtIve obligaiion comniitting the Cathedral to Tnake a pavmcnt 10 a thii-d paTty, it IS PTobknblc that a Ifdnster of Ltonoiiiic benefits will bc requirld in scttl¢ment and Ihe wnount of the obligalio can be nieasured Feliably. All 6xpenditure is accDunted foi on an accruals basi5. CxpenditurE comprise5 direct costs and support costs. All exptiJsts, including support tOSls, are allocatcd or apportioned to thc applicable expcnditure category. Tho classification between a¢tivili is &% follows.. Exiienditure on raising filnds cumprises the tosls ill¢urred by the trtding subEidiary, inve4tmeni property management Costs, the costs of tacilities provided 10 visitors. fvndraising costs and suppo11 c0315. ChaTitable ¢xpendilure compriscs the ci)3ts uf Ministry, Cathedral 2nd precincts upl(eei), education Bnd outrcach. Such costs include staff cosis and oilitr dircct ovcrhe&ds attribuiablc io thosL purposcs. A detailed tlYsIS of tlie expenditure is provided in note 4. All expendiiufc is slated inclusive of irrecovcrable VAT. Support governaDce costs Support coEts repiEsenl indirecl charitable expendiiure. In order lo c&rry out the primary object of the Cathedrdl it is necessary to provide suppotl in Ihe foi-m of administraiion fin8nci&l procLdurcs, iThformatioii technology, persunn¢l ld training. Suppo".1 costs are apportioned bed on ¢stimatcd lime spent pcr categDI"y. Governance costs includc audit fee6 and relevant cxpeiiditure relating io specific nieetip_gs and 'e included within support co%ts. Inv&%tnient in sub$idixry compfitsy The CathedTal'5 investsnent in 113 subsidi£Wy conipaDy i% included on the Cathedral's balaDce sheet at cost. Investu]ent and non-investment properties Freehold propcities included in the balance shtct at market value dctailed in Ihe notes to Ihc accounts with the -XCEPtion of Ihl Cathedral Lodgu Ilntlrnaiional Stuisy Centrel which is incliidtd at depreciated rei?lacenicni CA)St. Properties aT¢ classed s inveslinents oi. tsngiblt iixed a55Lts 8ccoI'dinB to tlleii u5t. Listed Investments Listcd inve51ments are a furni of basic financial insirumenl tnd ale initially r¢cogni5=d ai Ilieii. ts'ansaction value and subscquenily mea5UTed at tlieir f¢iir value as at tlie bdancc sheet date using the closing quoted inarket pi-ice. Realised g&inE lor lossesl on investnienl assets 3te calclilated as Ilit difference bctween disposal proceeds aiid either their opening tarying value, or Ih#,'_ puirliase valiie ifr'acquired sub5equtlll lo the fii-st day of Ihc f..nancial year. Uni'ealised gaiiis and losses art calculated as the difference beiweeii Uie f&ir value and the carrying value at year end Realised and uni'caliscd investnitnt gains lor Ios5esl dre coinbined in fhe stateinen¥ of fin>mcial activities and ar¢ credited lor dtbitedl ID Iho year in which they ari%e. The C&thedral xnd its Ancillfiry building5 o Valu Is attribuitd in the5c accounts to tht Cathedral hnd its ancilliry buildin-s on thc basis Iliat the buildings of i uiiiqiie historic nature and are held primarily foi Ihe mI10n of the Caihtdral. The naiure 3nd construclioii of the building5 are sucli that conventioiial valuaiiun approaclits lack suffiticnl reliabiliiy. Ihe co%t of providing a fvll valuttion would be 4ignificant and oneFOilS coinpared with Ihe benefit deiived by users uf the accouFLnts. A valiie 15 agreed for insurance purposcs whicli rePrsellI5 ilie cost of restoration aDd L'up1. in die evtnt of a %tFious Ioss.
Cdnterbury Cathedral 53 PriD¢ip%l AccountlDg l)olicies Ileritage A55ets InventOTy The Chapter does not consider that i'cliable ¢051 DT valuatioiTr information can be obtained for itcms ircorded in invtntory prepared under s24 Df Iht Carc of C&thedrals Measuir 2011. The age, varieiy and lak of wiiiparaiile in3rktt dats would make any attetnpt at Vution exiremely On.0S and eoslly compared wid) the bcneffit derived by users of the accounts. Similarly, Ihe Chapicr coiisiders thar obiaining valuaiions for the boolcs, manuscripts and artelacis and oiheT heTiiage ass¢ts in ils care would involve dispTQPQltionate cost compared wilh the benefit derived hy of lh8 aLLounts. Cons4uenily no values are aitributed to lieritagt assets in the baltsncc sheet. Htritage acquired are not capitalised in die balance sheet. The Chapter wnsiders that the inLlusion of isolated assets would give the read&. of the accounts a false impression of tht true value of httriia£e assets in its Ltire. Ibe Cdihcdral ha5 & policy of retaining its hcrilage Sets for the loiig ierni 2nd cDnnot dispose of IhesL aSSClS without the agTeemeni of Ihe Cathedral Fabric Cominission for England ICFCEyChurLh Commissioners. Heiitage ituns art generally acquired by donation. Expendittire to pre5LI'Vt and lllaintain ubjeLts I'ecorded in thc Invcntoiy or held as heriiage asSBts is recognised in tlie statetnent of fin8nLial activities in the year thai the expendTture is incurred. Other fixed %ssets Items of planl rna-hinery. vehiclcs, office equi.pmenL loost tools. furnitllrc and fittJng5 C(Tr5tin£ in exLess of £l.000 are capiialised and dcprcciated rates calculai¢d to write off Ilicir original cosi over tlie expected ustful life of ihe set$ concerned as follows.. Moior vehicles- 5 yea Computer and telephone sysiem- 3 ytars Fir¢ alariii system- 10 year5 Shop fittings- 8 years . Other fvmiture, fixtUTes and fitting5- 5 Y Muscum & Shelf fitriiiig- 8-25 years Audio Visual Project- 8 yea Stock And Work in PYLTrgres5 Sioclc and work-in-progress are valued al thtt lower of cost and net rtalisable i'alue. Debturs T)ebiors aye recognised at Ihe settlernent amounL less 4illy PTDvision for iion-r¢c(Trverability. Pi.epanents are valuel ai Ihc rount prepaid. Cash At bank *nd in hand Cash al bank and iii hand repiesents such accounts and inslrumenls thai arc available on demand or that have a matui.ity t11} Ihirt moiilhs frotn the dait of investtp.eni or acquisition. Deposits Iiiade foi. longer Ihan three Tnonths bui I¢ss Ilian one ye. have been disclosed as shoil t£rTn depos115.
Cqi nterbury Cathedral 54 Pj'incipal Accoiinting Policies Creditors %nd provisions CreditOTS and provisions are I'ecognised when there is an obligation al the balance shett dale a5 a result of d Past tvent, it is probabl¢ tliat 3 tr8nsfei' of econoTi ic btntfil will be i-eqiiiird in sttileiiieiit, and the amount of the settltinent can be estimated reliably. Lredilurs and provisions art i-eco£nised al tht amouiil tht Chapter a])licipates it will pay 10 seiile tlie debt. Funds held as Trustee In addition to the Trllst Funds which are foi- the btDefit ofthe Ctihedral and included in Rtgtricted Funds, the Cliapier acts as Trustee for a numbei- of other Trusi Funds of which tlie Cathedi'&l is not a benefic]y. Tlie5e fvnds are included as creditors in the financial statrmeiits of the C&thedi'al. Funds strucb]re Funds divided belwttn PennaDent, Restricted ld Unresiiicled fuDds. These are desLribed in nott I to these &ccounls. Pen510ll5 The Chapter operaies a inoDey purchsse peiisioii scheme with defined contribution levels together with a Group Personal Pens1011 Schenie whereby the Chapter a@Ets io pay, foi tli£ible eillployees, a defined contribution illto the member's individual pension plan. ie cliaTge in tlie £iale]nenl of Financial Activitie5 represllts the amounts payable iii rEspeci of Ilie ytt-. The C8thedral also participates in the ChuTch of England Funded Pension Schernt which 15 a defjned benefit scheme. 11 is not possible to ideiilify the asstis and liabilities that art attriblltable to the Cathedral 3nd Ihtretoi'e the-normal contributions to the scheme ai'¢ recognised when Pdy8ble. The present value of the expecitd deficit recovery conirTbutions is TecOlSed a5 d liability ai the balance sheet date The arnounl is reviewed aniiually iaking iDto account any changes to the dtficil conti-ibution rate or tht implicit raie of interest used in discounting tht liabilily. Operiting Icase5 Rtntals applicable lo optrating leases wliere subsl&-.bally all tlie benefjts and rislcs of owiiership ttrnain with the lessoi are charged to the stateiiienl ()f finCial aciivjtie5 on 8 sli%ight lint basis oveT the lease term.
cterburY Cathedr21 55 Notes lo the financial statemenl% for the year cnded 31 fJl2reh 2025 Funds Funds 'e divided between Fernient. Resiiicted and UnTe5tricttd. 1.1 Tlie Permanent Fund rep1'eslI5 Ihe Corpor&le Estate ofthe Chapter and, as an endowment tund, cannot be expended, 8llliough il may be realised and r¢ivvesied in a dIerent fortn. A150 included is Ihe c&pilal of Erust fuiids of wliich the Chapter is tlit Trustee bDd which are for the b¢nefii of the Cailiedral. 1.2 Th¢ Re5tritte(l Funds may oiily be applied lor pariicular purpos¢s. Ilrief dtriptiOnS of these Funds a.. Fabric MBinienaDee fiund -This fvnd Fnay only be applied iowardo repaiTS and tnajor works of refvrbishrnenl to ilie f&bTiC of the Caih¢drdl. Musit Choir 14und This fund niay oiily k used to meet tlie costs of the Choir and the provision of Music iii the Cathedral glerally. International Study C¢ntr£JCHnlerbiJry Cathedi'al Lodge11 S Cl Capital liuiid 'rhis fuiid I.eIVeS all don8tions, Btanls and le8&cies Ihdl specified 10 be used in conn¢ction Nvith tlie cte1'bUry Cathedral Lodge ISC 8Eholai'sliip ifund (also IinnwTJ SS the John HBI'per Scholarship Fund) This fund receives donaliop&, g'aTrts and le8aci¢s specifiEd for we tow8rds Ihc courses and traiiling rlln by The Chapter of C&nieibuiy For ntw J3i51iop5 and Seminaridns. The Ivor Ilead Charity and Ivor Rcsd Maintenance fiund In 20 17 the lius1¥ ofThe Ivoi Read Cliarity di511ibuted the assers of the charity to iht b¢nefficiaries. Céuiterbury Cdih¢dral b¢c2nie tht sole beneficiar), oftlie charity. I'he Ivor Read Mainte8n bund established fiom Ilie &££ets transfenrd from the Ch'lty. The funds c8JTr only Et used tor the repair and itenl¢£ of Iht CAthedral. Other Ile&ti'icted Funds lknis gruup inclvdeF oihei fuiids liDBludii)E any ac¢utnulated income from Irusl funds) wliich have been Eiven for i'3rious 5pe¢ific purpos. 1.3 Tlie Unrestrieted fiunds '¢thoSE which c1 be &pplied for any of the Nirry)SES fgr which the Cliapter eslablished. . Getteral l.'und 'fliis is the niain unrestricted flind tlirough which ¥J'e passed 811 th¢ r¢gular iierns of inconie 2nd exFenditure Itlalingto tl)e da}'.10-day lilD1r.8 of tlie CathedTal. T)esi2nkl¢d Fuijds Wlieii appropi'iale L4# Chapter will set aside sums wiihiii unrestricted lunds for ceriain specified i)urp05es. These are t¢i'nied l)esiEnaled Fiinds If ill due course diey we iiol re4uiied for ib.ose PUTPOSÉ5 the}. iiiay Ev. trw]sfe back to the G&ieral Fund. 1.4 In additlDn to theTrt bknnds which are for the benefit of IIK Cathedral and included in Ilie Restricted Fuiidg nientlDned dbove, the Chapiei. acts as TTLisle¢ for a iiurnber ofolher I'rusl Funds of wliicli lh¢ Cathedral is iiol a benefiGlary. These fithds are included creditoi's iii Ihe accollnts of the Caih¢dral.
5fj C2ntETbui'y CRthÈdral Totfjl UDTÈSlri¢ted Rtstiicted funds ?024 £'ooo 2D25 i'ooo 2025 2025 2024 £'ooo ?024 £'ooo Income endowmtnts Irom.. 389 24 87 76 324 429 ft Dil [LLI110S Tlic FI1id0[Cllerbivy Cathethdl CanierbLry cath¢Jr TTUSI Fid LeBarie5 60? 30 GU2 53 23 chich CDmIli1Onrl5 Oiher 3D8 87 397 53 2fv1 26 Z8 369 274 Y3 ?,U8 63 2,844 Y3 1.238 63 2,844 CaDterkniry calld[aL Lodge Iithmdiityial Sttidy ¢ttre) brary. Artt5iiVts. Schools and CDiiiS¢S IllCO]ne 2.059 Adin15$1Dli ftE5 frrt srysiiot5 3.875 Othcr ll0ne f[nslITS Gross IncQintfromtrathiisId othuaciilleS Invesfments PNperty Ltsitd uitET¢5treceivdble 42 Z,475 2U4 3.579 43 397 43Y 2,517 546 TDislillcoMe 2,Q32 ExpendiliiTe Dn,. 964 964 I,D77 i80 573 962 51A 962 564 GtQ5s w51S DF Iiive5Dn¥il prowrry¢osts Siipport 5¥nryces (Tr¢211 5YQ 572 2,899
Canterbui'y Cilthedral 57 foi. thL' ytKr ended 31 MArch 2025 Restrictcd TDtRI funds funds runds funds 202$ £'OOD Ixpenditui'e on Ch%iitable Activities.. 2025 £'ooo 2025 £'ovo 2074 £'ooo 2024 2U24 Clergy stlPB]id5 and workingeupKnsBs Clergy kJOUSlrtgcosts 249 13S 393 135 1,SlO 497 349 221 82 358 82 394 497 Major rep&irs & tBstoratioii 349 339 1.702 2.421 CBfhedrAI Rnd pitcincts upbcep 567 37 788 788 840 825 CRtliedral iy5urance Prttincts. secuiity and gaiden5 upkeep Supwrt 5ervitteS Inoic211 733 607 737 607 786 583 S83 608 773 FdurllfTQn and outrtach C&iiiorbury CathBdr31 Lodge IISCI Schools deparunejii & wur5eS Ai¢hives and Libtary 2.020 2.020 347 247 344 257 57 36 350 350 2,¥ld 208 3.022 OtbEr Expondilurc FundTi5jng 127 127 78 78 Other Sundry Co515 127 85 96 The CAllfCrbury Journey Pl1l Inole 151 MaJDrrepaits. conservatioii and Impl¢tls Prsfes5ional fee5 I)ireti staff and othBI C05t5 Totsl 7,43S 9,374 7.07S
fDI- tlie yeAI' endtd 31 MAI'Lh 2(b25 5 Invulment prvpc)'ly RtI'l(le Fund FÈTrtent Fun £'OQD £'oo 787 75D 5£ 550 633 58 75 N¢1 de(Se0VI1II70YeaTEll4td 31 mdI ?.0?4 l Inve1PJpety 15frr¢boSd adaP[S 1 M¥rkelValiie 'fiir i'&liialions IiaYebcETr Inad¢ for)ep11Lw5¢9fthe& accoiinls by Ilie Eslalr5 SIiivtyo1' M15 N.Bcldin B5clHon51. MRICS. They arEba5Ed Oil Oi1&SpriflI $11]Pri0]IS rcwdiiig DcclltjDn aiidiise appropn&lE 10 eaclipTQP¢rty dl Ilieb&l&iice thcct4Aleusinglierknwwledgeofthr prop¢Tty of chCrCd SwveyoTS TIKaittreportfDliD in theyr&f in4ccordanccwiili Ilie reqtiirejnents ofthe 6 Llsfed TnvLiimtnts £'ooo atkrl Valua l Apnl 2024 860 2,494 725 846 Di5wsals gain&on di%posals3lld tEvdilaUO 839 Sata5lli FLidovnnuil&FiinOUni Sdirodu IiicomF Fvné Uiiits COIF Lkll15 CBF InvcSlIMW4 839 ,Y61 831 475 475 Enlernjiional StL'dv Certtre IISCI nrestiicl¢d Rtltrlcted Fun Perm9ntnl Fun Tatdl £'ooo tep1arn¥it5r v41iK l ApKil 2024 5,907 Dtpreciatcd r¢iTrld1cenieDtsIVbl &tJl fvfirth2025 3,722 £,712 ThEv&lu&iion0fti ISC by£350kiiiUieswrtsidcd 31 March?024. OlhcT non irtYe5tm2nt PTopcrty PermaThEDt Fund £'DDD Futtd £'ooo Morkel al l April 2024 Nettr15fc[ 10 IIlVatsnuilPt¢PtyXW 60 i21 MnrlLet yaluc31 M&rrh 2019 N]n¢Tse011[Wth1ull14Dl1 yWeIcd 31 202q Non-jWÉ%tDeniPtoyerlies£Tehdd iGduseda&fvllD5'. Al 31 fvlatth?Q25 foi call1di c1ergy.c1w1d5knI1MI forC3lliefjral tradhD8lCtiviti 2.470 2,003 ZA70 608
Canlerbiiry Cathedral 59 Notes to the financial statements I'or the yeAr ended 31 March 2025 Corttinued All the noii-inveslmenl properties are freehold.. they aTe valued for the purpose of these accouiits by Mis N.Beldiii BSclHoDs), MRICS, in aceordallce with the Regulaiion% on Accounliiig aiid Reporting by F.nglis11 Anglican CathedTals. All propertlBS were valued li) the year in accordaiJGe with the RICS Global Stand&rds 2025. CantBrbury Cathedral Lodge IISCI has been valued on a depreciated I'eplacement Gost basis, as provided foi in the Catliedral Regulations. The valiJations of othei. non investsnent propeities are b&ed on vaTiQUS specific a5SUTnptions regarding occupation and use of each plpelty at the balance %lieet date with. where appropriate, allowance being made for deferment to the date when legal p0c5S1()n cali be obtained of pi'operties occupied by members of thtt Chapter and staff under the tertns of their employment. lil aCcThrd1¢e with the Regulations, no va]ue has been atti"ibuted to the Cathedral and its ancillary buildings IseE note 8). Assets not retognised in the Balance Sheet Cathedral, Allcsllllry Buildings and Inventory The histi)iy of Canteibllry CathedTal goes back lo 597AD.when St AuEUStine, sent by Pope Grcgoiy the Great as a ission8ry, established his seat lor'Cathedra'} in Canterbury. The oldest part of the current building Is the crypt which dates back to the I Ith century. The rest of the existiiig building was Tnostly constructed betweeii 1175 and 1405 and was substantially coinpleted ill Its curirnt foTri by 1498. It stands Iii the centre of Canterbury within it5 own walled pitGinctS SUlTounded by Inedieval building5 and ruins. PaTts of the inonasletys Granary. Bakciy and Brewery Still stand along with a Roinaiiesque Water Tower which wa% once the cents"e of the Inonastic water supply. The Chaptei. House leading off the Clois+er¢ Is iiie largest of its kind ITh England. The cathedr ha5 Some of the finest stained glass Ill the countiy including some which dates to the 12th and 13th centuries. Objects considered to be of architeGlural, archaeological, ait15tic or historic int¢Fest are i'ecoidBd in the I¢tOrY in accoi'dance with Sl 311) of tlie Care of Cathedrals meUre 1990. These objects are lield piimarily foi. u%tt by the Catl)edral in ils mission oi" have been vested in Chapt. over time and are held a5 parl of the hi5toiical recoTd of the Cathedral. No value is attrihuted to the Cathedral, ancillary buildings OT ItBtns recorded in the Inventory as explaintd ill the accounting policy note. The Cliapier has a statutory duTr" under tlie Cathedrals Measure 2021 to manage and Tnaintain the Catb.=dral. its contents and Dihei. biiildiiigs alld monuments. Chapter has a planned piDgi'ainnie of major irstoixtion worlis to the C.atlied131 and other buildiiigs wliich Is infoiiiied by a fvll quinquennial ieview by tlie SuiwByor lo tht Fabric. Works .¢ oveT.%een by tlie 14ead of Estates and Fabric and the Sui"veyDI' to the Pabi"ic. The majority of the conseiwation and repaii. is caiTied out by highly skilled eraftsinen wid woinen ernployed by the Cathedral. Con5erv8tion Atld Managetnent of Hel.itae Assets No value is attributed to Hei'itage Assets &8 explained in the accounting policy note. Since thE Refoi'iiiation, a series of donations have [Qed the Gol'e of tlie holdings now in the Cathedral Libi'aiy. T11e Libi'ary contaiiis about 30,000 books and Pnphlets printed befoi'e I l)00, and an expanding collection of some 20,000 books and serials publislied in tlie 20th and 2Lst centuries. It is pailiciilarly i-iGli iii books on Gliui-ch histoiy, older theology, i)ational and local histoiy, traytl. notiiral scieDctt, medicine and the anli-slavery imoveinent.
C.anterbury Cathedral 60 Notes to the financial statements for the year ended 31 IVlarLh 2025 ContIDed The Cathedral also all ch]Ve which datBs fiDni thc 8th Gei)tury and is ptIcularly rich in ¢hartcrs, accounts and court material fTOln the Middle Ages. Amongst c)ther records It includes i'ecoi'ds of the Cathedral's estatcs. recoids Telating to thc Cathedral and pi-eGincts buildings, i'ecoi'ds relating to the inonks. clei'gy and lay personnel of the Cathcdial. and siirviviiig manusci'ipts and sei'vice books froin the n)edieval c.athedral. The CathedTal Archive is also hoine to two very significant collcctions of tefaCts. The fii%t of these is tlie original silk vestinents of Archbishop Hubert Walter Id.1205). Thc second is the collection of objects acquiied by Dr John R&"grave, a canoll of clterbUry Pathedral, duriiig his trave15 aTOUI)d Europe betwecii 1645 and 1660. The Golle¢tions in the Archives aiid Library are illanaged by a LibraTian dnd Archivist. The collection5 are maintained under strictly Gonti'olled enviiontnental conditlOTiS to ensure their long lertn PTOteLtil)J1. Necessaiy ¢onserv&tion Ivorks are Gan"ied out by trained conseivaloTS. The Library and Archivt welcoircs reseai'cliei's with intci'esti in the collections. Due to its unique nature. access lo parts of the eollcctioll is restricted althougn thc Bar¥ave Collection is available as a virtual tour thtough the Cadiedi'al's website. There continucs to b¢ a number of new accessions to the Archives Collections and to the printed book collection oveT the last 5 ycai's. Th¢5c have been highlighted cach ycar in the report to the accounts. Tlie most signifi¢ant accession this year to thc collections was a panel of medieval glass returntd from the 14unt wllccLion thi'ough Sothei'by's March 2025. Other tangible fixed 2ssets Othei. rixed assets Shop fixtures & fIi'e alArm nd fitting5 Sl'Stem £'ooo CoJnputers and telephone systeln Motor vehicles Tot&?1 'ooo £'ooo £'ooo £'ooo Cost At l Api'il 2024 Additions DisP05als At 31 Mxi'ch 2025 226 56 3,037 37 1,238 31 153 4,654 124 {4 282 3,070 1,269 153 4,774 DeprtLiAtio At l April 2024 Charge foi. year ncpre£iation 011 disposals At 31 Marcli 2025 164 25 2,008 139 962 82 153 3,287 246 189 2,143 1,044 153 3,529 Net booli valtses At 31 Nlai'ch 2025 93 927 225 l245 At 31 March 2024 62 1.029 276 1,367 tily-onlv b471xnLt sheet li.e. ¢xelllding Shop fixtures alld fIttingsl Net book values at 31 Mxrtli 2025 924 N¢t book value5 at 31 March 2024 1,027 J,149 I J04 277
Canterbury Cathedral 61 Notes to the finaneial stateme]Rts for the year ended 31 Mareh 2025 2025 £'ooo 2024 £'ooo io Stotlis General Stock .%tDck of Stoi)e Entity stocks Shop trading stocks Total stOGks 60 21 81 228 309 54 ij 67 212 279 Debtors Ti"dde dBbtprs including rent receivable Amounts. owed by Telated undertaknngs VAT 780 66 747 135 PrepaYMenL and accrued income Othei. debtors Total unre5tYitted fund debtors 584 68 1,498 567 95 1,549 Entity deblors Trade debtors including rtnt receivable Amounts owed by related undertakings VAT 868 1S5 838 286 Prepaynents 2Dd aeci'ued in¢onie Other debtors Ainounts owed by subsidiaiy conipydiy Total unrtstricted fund debtors 505 69 261 I,858 543 96 324 2,092 l2 Croditors Bank Loilrt Expense creditors Rent and iosurance in advancE 800 468 627 170 326 1,163 3,554 800 562 564 144 406 VAT Accruals G)thtr creditors TolAI unrcstricted fund Lreditoi's 3,617 F.lltity creditors Bank l.odn Expense creditors Rent and in.qurance in Éidvance 800 493 627 169 285 1,099 3,473 800 525 564 132 377 1,142 3,540 Accrual Other ci'editors Total unrestricted fund credifors The Chapter acts as trustee for a niiin6er of li'usts which are not foT the beiiefit of Cantej'bury Cathedral. The v41ue of the tIU5ts at I l Mareh 2025 included within ci'editoiE on the balanGe bheet ld which are represented by invc5tintnt% and cash was £205,00012024.. £181,000).
Canterbury Cathedr&l 62 Notes to thL financial statements for the year ended 31 March 2025 l3 Li2bilitie$ due after more than one year Unrestricted 202$ £'ooo 2024 £'ooo Coronavirus Busin65s Interiwption Loan Othei. Ci-editoi's 467 1,267 143 1,410 585 A £4m loan was advanced in Novembei. 2020 by tIIB charity's baiilc. No interest was payable on the loaii for the initial 12 Tnonths. The Interest rate was fixed for five yeais at 2.79¢kn. The loan is repayable in 60 equal tollsecutive Inonthly instalments cotnmencing November 2021 and is secuiEd by way of a formal fiTsI chai'gt over thiEe freehold pi"opeities. Liabilities due within one year iiiclude £800,000 being ainounts repayable on the loan withsn one year.
63 Nolts to thc finAnciAI stitemenls for Ihe yCRr endcd 31 Maroli 2025 Opening Inttsme pitAI bthveen lund5 s'ooo £'ooo £'ooo £'DOQ In¢orneFuhds Thc ca11Kdi Inc]1178Cathedi EThtCTprises D¢SigTh foi ni*k¢tingtD Y15iiof5 Iksiwated for fiiliiie costsfoT tbefiiils, clwii S,534 37 43 5,579 37 96 1.967 4,801 761 372 39S 43 IvorRead Fakn-ic Mainten&ictFun Thr IvorReai al11Y 4,788 42 281 1,029 36 Milsic ad Choir IuLcofpoIaiy¥Cathr4rgJ or}) Chapels 33 30S ChDi¢rhury Jotf.¢y-. 2Z 74 68D 48 40 Jatkm 47 39 504 526 252 FDI the heTrcf1lulM1cad Clioir For thebcncfii ofcducatl0 thc libr andArthives IB 252 l2,095 Fcim¥ttentfund$ 49,323 A G Ilalford Bequcst Spentt Catiltd[ Choii Fund Crathid Bencfaction OIFKr 245 234 64 67 2 J30 2J34 FEae8ry precin¢lS Other 98 38 94 27 WFJF.M Church endowmcThifvnd 2,470 2,469 930 51,792 TotAI Iw¢rve5 68,221 12,583 CDmp&faiivEinform4tionfarthcyrgreiidtd 31 March 2024 is inGludcd in thc appe11 FOT fiirthei etlSo[th¢ flints. sce note I
Cantci'bury Catlicdi'al 64 NotE5 to the financial statemtnts t'or the y¢ai' ended 31 Maj'cli 2025 15 The Canterbury Journey Pi'ojett 2025 Tolh £000 2024 1'0ts1 £000 £00 Inrome Project Costs 93 The Cantetbury JoLirn¢yProjeci Is now complete. There were iio costs Illr[ed in the year a5wCiated wid) thE projpKI. 16 Commitments- undei. uperating leases llie ChapiLr a coininilTnenito Ivakt pajrynents under an op¢ratingle8se for photowpie15. This Itasc expires in July 2026 Th¢ Wmrnitnient Shown include5 clementof aisallowed VAT Ainounts PAyRble'. 2025 £DOO 2024 £000 W1tliin ODtytar WilhintrKO io fiveytars 17 Auditor's i'emunei'ation 2025 £'ooo 34 2024 £'ooo Audit stles Other Strvices- Auditof Subsidiary. 42 18 ErnplDyee inforAtrOn The &Yera8eThYeekly numEwof uxployeel duri-..g Lhe yearwds 15712024.. 1591 full-tiine tqUlV8lents and 21312024.. 2341 based oli headcoiint. Tliese ayi ?alYSd as follow%-. 20 FrK 2024 FTE 14eadcounl Caihedral siaffli¢1udLnB Welcotne Ctniye. Virgers, Music) Woiks depart277t (including 8tairttd Glass 5',udioI Canterbury Caihedr&l Lodge (Internatitsnal Siudy Centrel 44 67 42 36 43 76 44 45 28 28 Adminisiialion lineludin88eturityl 44 57 42 234 19 Al1ng5 of tmpluytos Ar.d Iicy m2nagemEllt pcrsoiinel c05tslincludsng those In respeL'I io Cl)apter melbe[SI duiing the[tTe&S follTrw5. 2025 £'Lou 5.638 2024 4.828 433 Nation Ihsuranc¢ Cosrs Odicr Pen%ionCosts 396 5.620
I:RTLtei-blli'y C.xthedrxl 65 Note5 to the finRntial 5tatetntnts for year ended 31 Mai'cli 2025 19 Eni'ning5 of employtes Hnd Iiey personnEI ItontlllUEdl There wasone ernplojre whose eaniillgs fell In the band £60.000 to £70.Cth12023" zerol. two eiMpltsyeeswho5e eamin85 fell in Ilie band £70.000 to f£D.O[2024' Iwo). QnBtirtployee wlio5E eainin¥ fell in Ilie ld £80.NO lo £,000{2o24- one). Salary Pension Corttribulion5 Meinbeis of ihe chapt Yeceived the followinsremuneialion in thc year.. The Deali 39 .32 Archdeaco c1011 Trc85urer 32 32 Tlie rErnunttatioii and ptnsion provision for Cleri¢al ine]nbers of Ihechaplei wa5 paid in ordIn¢t with the sct5 laid down atM?udlybythe N21i0nal Church IniiuliTrn5 EXpE1£s paid lo meiDtrs of the Chapier amounted to £16.871 inLurred by foul rnember5 0fCliaPterl2024. £7 068. IncuNed by five rntmbers ofChapterl- ThesL' relate to Iravellittg. hospitlty and olherwDrking expensBS Key management per$tsnnel Iiiclude ihe Mem[5 Qt'Lknpt¢T, the ReceiverGentr and Diitctorof Fiance. The lolal [munratIOn ofkEy mart88e]nem ptssonnel. intluding einployefs tLational iDsurAnce aiid PEnsiDn coiilributions £433,3ÈS124. £426,3401 20 Pensions The Lliapler c0iitirt lo opEra a Group PLrsoi?al Pen%ion SclieinBNthErDbythe Chapler gTee5 to pay. foreligiblE c]nployee5, adefined ¢OlttnbuiiOtt into th£ TneiKber'5 individual pe1 plan PJi Insuranw company ItwJEpendently admiiiisiers wrtribulitsns to Ibe Sthenie The priisioll c051 ehargt iewtttn15 coiilributions payable by ihe CluweT to the 5cheiDB3nd amoullled PD £373.B1512024.. £341,228) Coiitributions of £Nil12024.- £Nill wtte payable to the scheme at the yearend -rhe Chapter conliiiued looTate a money pur¢h35e pension s¢hem£ vlith defined cortiribvlio levels, which is closed to llew Lt1berS An insLu8neecoinp3ny independBlltly adTninislers the scheme. No eonlribuiions were payable bythe Chaplu to the 5oheD)e12024. £Nill Thechaplerpailicipates In theCI)urch of England fuiided Pths1o3 Schetne for slipendiary cltrsy. This 5¢hEme is admini51ertd by the Church oflngland PensioTh% Bo*d. whi¢h holds the psset5 Df the scheiDES SePUaLely froTn those0fE RESp]SibLe Boditts. Each partieipaliiig REsponsible Body in i1 h¢Tt pays CDmribuliOs al a coDimOtr. colltributiQn fdle applied 10 ThBsclicme Is ¢on%ideied lo be a Mult1MployerSee£ deseyibed Iiisection 28 of FRS102. This means il is noi Pty511£tO ottribute ihe Schcinc's set5 and IiabililiES to a speoifi¢ R£3ponsible Body Ènd thi meaiis thai conliibuLions are a¢wunted for Ifthe gchenie welc adefined CDntribuIion.whe The p&ii$ions costs cbargÈd lo Ihc slateiiieiit of Iindncial activllies ISOFAI in the yeararteolltribulions Yb]e towards benefi15 ato exp-nses cerued In th&tye8r. Thcre Vfd5 One aciive membBr oflhe scheme ill t1ye[(2024. oiiel A valu31ioii of the Sclieine 1$ tt¥1ed Q%il onccevery three yE4fs TlieiJost reotnl S¢heTDe vAluaiion CoiDpleted was C&IEd oui al Al Dtctmber 2021 11)e2021 valuaiioll ievealed a surplL15 0t-£560IK. bth On assets of £2,720m attd & fuivjing tayt of£2,160rn. &WSSBd usingappropriatt &suMp110 The most recent staieinenl shoiys a balance 5httt deficit recovery liability of £Nil at 31 Decembet202412023.LNill Conlributions paid foTtheyear 10 31 Marcli 2025 were £6.60012024..£13.8001.
66 C%nteJ'bury Catliedi.. Notes to the firtaneial statements for the ycar ended 31 Marcb 2025 21 Suppni't seiiCCS 2025 £OQD 2L124 £0 AdrninislT2tion alld fiiionct IiiformaLiOliteckniology Pe0118& 2nd trainiiig 389 366 278 1,891 33 SupportSetviCES iii¢ILideGovttrtan¢B QOSts of 34 These hvebeen appDrtioiied bastd on estiinated titThe spEnt per catsgory aiid th&s¢ Equaie io approxiDMtely 30.3trk tothe C05t ofrassing fuiids. 18 5'h io IDinlStry, 32.1 /0 lo tathedtal 2nd pre¢inCts upkcep aiid 19 IVDIO Edu¢aliDD outreachlset note5 3 artd 41. 22 C.orpor8tlDn'fax No CoYpDfdiiui1T is diie on any surplus¢s gencratBd froill Ilie 38le of Spare ac£oinmcdatioii capacity Iiilho Caihedral Lodge dufingilityear. Th6reVJE sufficicnt IRX losses brougiil forward to ¢ovcr any pote1ili liability. 23 Capital Com]nilmcnts There were no capiial EDillinitmErtts al Iheyeftr ¢nd12024'. nil) 24 Related Entitie5 Thiehaptei li oiic wholly 0 wbsidiary coiKpany. CaUiEdrAI Entrrprise5 Litnited, IcoiKpaiiyre8151raLion nLimber 32954W England ld Walc%) wthich car5 0111 Cathedral tradin83ctiViiies. T&b]e Profits If any are transftrred to the Cbcdral viz a uift Ald(Mpli}ll Detd of CfjYcnaNi Ched[ EnterprisLs LiillitBd pays a ¢QTninercial reiil totlie Cathtdrdl for the pr¢niiSeS which Il occupies. Thisllnd oditr transaciions bBiweeii the enlltiBsare elimined oncofL%Dlidation. The Ivor Rt&d Ch3rity Ichafiiy R¢giStration No2980611 Is a rtgisl¢Fed ehanty wlthtlie priiiciptyl Obje of makiiig paymeirt io Cantrrbury Caihedral for the be]iefitDf le mainilanCE ofthe fabric oftht eathedtal. T1Cl7&pIerOF Canterbiiry tne soletrustee ofthecliarityon I l December2017. Tht oiiiy Sel held by the Ivor R¢ad Cli4irity 1£ lalld cDirtprisiDg a golfeourse iD Iltr SoiilhtBsl ofEnglalld which hès be¢n Nalued • £750,000 ]d is included wiiliin thosc acCoLtS as an investment proTty wthin rericted fvnds Rep.L31 incoTne is re¢Dgrtssed tlie cop3olidaled accounts01 withlliiy expendiwrc inThJrted. 24.2 NDt conli'Dllef5 by Ihe Chxpttr Thcre aTBtwo C[ILiliesIth aTE wholly forthBberLtfii oflheLaihedral butwhidi are not controlled by tbt ChaptEr, th&%e beingTht Friends ofCinLc¢bury cataKdr artd The Cllervry C&lhedral Trust Fuild. 'rhe awoiinis for Lhe year ertd 31 Marcli 2025 aresunirnaTised FollothE The Fritllds Df CaDlerbury Trusl £OOD looo 24 409 CJf05s SncolliB Neisurplus beforc reVaItio1] aiid grant ¢ornmiimEnts 82 3£ Cliartl fvndingto Cat11J[al 47 666 5.825 747 Net CurtEnL Asset Nei A$sets 1.695
Caiitei'bui'y Cpthedr21 67 Notes to the fiiiRnciRI stAtements tor the yeai. CllLled 3 1 Ilqarch 2025 The figures ale lakcn frorn the audiLed accOuThtsofCznterbury CathedralTrusl Fund the IndBpendEnily IEVi¢We acCOLlniS of The Fritnds of Caiiterbury CathEdtal. Canterbury Cathedral Trusl Fund has a policy ofrecTrgrtiSirtg graiit5 whcji ihey are committed WI[08$ i1 Incotnc iecognised In thc aceounls ofcanteibury cathEdr repre5en4 only the 8raii15 rcteivable for piojcCLcxpeiiditure inciirr¢d In theyeai Fxeept for Iraiisaclions ]lded in noies 19 and 24 Ihereare no relaied patty t[an¢t10 wliiEh rcquiredi5elo%ure
Apptndix.. Canterblli'y Cathedral c.onsolidated 8tateinent Df financial 2Ctivitie8 for the year cnded 31 Mai'ch 2024 68 Reslrictcd Pei'tp?nEnt Fllnds Total TDI Flinds 2023 Jtllnd5 2024 £'ooo £'oou £'ooo £'ooo £'ooo Income xnd Endowments frum: Donations aTid lega¢it5 Charitable Actiwieq.. Olhcr Grants in supporf Df iiiissioii Charges aiid fees arisii)g in Iht eourse 357 1286 1,643 1,874 io 264 274 682 2,436 5,620 2,419 2,436 5,622 2,899 2?76 Traoing dDd'luiidrsisin8 480 2,422 Total Intiime 10.842 2,032 12,874 Expenditure on.. RAising funds 2,899 2,905 2,899 childb1¢ adivlties. Ministry CallicJral and preciiicls upkeep Ediieaij] and oulrea¢h Oilier expenditure The C8nlerbury JoLtrney Project 2.129 2,848 2.929 27 1,702 2,326 2,761 96 193 7,078 719 773 218 2,421 3,099 2,979 IL4 1,728 8JU6 9,097 1,728 11,705 I2,2 Total Expenditllrt 865 304 1,169 714 lllvtsiment piDperty Ltsi¢a investmtiits 816 16941 61 601 154 61 601 19 681 20 926 905 19 1,850 45 30 971 830 49 1,850 505 1emaiiDndl Study Centre Non investsM¢nl propety 350 83 350 83 971 830 482 2,283 466 Total fuiids brought forward 4,608 50,259 6S,938 5,579 5Q,741 68,221 65,938 l]ie £tateM¢1 of Fan¥la1 Aclivilies indudes all gainq and1055es recolSed in theye8r.
Appendix: CAulerbury C'athedral 69 Consolidated balince Sheet at 31 MarLh 2024 Unrestricted Fullds Restricted Permanent Funds Funds 2024 iyote £'ooo £'ODO £'ooo £'oou Fixed A55ets Investment R5sets PropeTIy -Lisled fnvestments 787 860 1,647 75 9,362 IlTr,l 12 31,596 2,494 34,090 33,133 12,716 45,849 T2ngiblt fixed 2SSCts Inieriiational Study Lentre Oihtr property Othei. tangible &%sets 5.907 10,720 5,907 11,328 1,367 18,602 64,451 608 1,367 1,975 3,622 16,627 50,717 Total fjxed a55tts 10,J l2 Current A.Esets Stock% Debtor5 Shorl ttrm notitt depos115 .Cash at bznk in hd io 279 1,549 279 1,549 5,156 6,984 1,789 1,789 24 6,969 8,797 24 LiAbilitios due witliin one year Creditors 12 3.617 3.617 Net current assets 3 J67 1,789 5,180 6,989 11,901 50,741 69,631 Liibilities due aftei. mol'e than one yeai- Bank Loan Other Citditors 13 K,267 143 1,267 143 13 Total net a55ets S,579 11,901 50,741 68,221 Funds Geneial Designated Resiiicted Trt funds Corporate Esidie 14 14 J4 14 14 5,534 45 5,534 45 11,883 2.488 48,271 68,221 11,883 18 2.47(k 5,579 11.901 50,741 Revaluation r&¥erves of £4.558m12023.. £3.742ml are included in the &bove funds relatiiig to non-propeTly investmeiits of which £1.209m12023.. £1.055ml re181es to Iht perin&nenl fvnd, £2.998m12023.. £2.397ml lo Itsirkcted fvnds and £0.3ilm
Appendix: Cxntei'bury Cathedr21 70 Fntity-only bAlance sheet at 31 Mat'ch 2a24 Unresti'ieted Reslritted Fund. unds PcrtnJnent uiids I'otal Funil 2024 Note £'ooo £'ooo £'ooo £'ooo Fixed A%.sets liivestment 2ssets Prop¢rty L.istcd investmcnts Iiiv¢5tmtnt in SubsidiaTy 7%7 860 190 1,837 750 9,362 31,596 2,494 33,133 12,716 190 46,039 24 10,II? 34,090 'Angible fixed assets Intei'national SttEdy Centre Other pi'opcrty Other tanrwible assets 5,907 10,720 5,907 11,328 1,304 18,539 608 1,304 1,912 3,749 L6,627 'I'otal fiyed assets 10,112 50,717 Cui'rent AsseÉs Stoclc5 Debtors Loan to Subsidiilry Ca%h dt b£ink aiid in hand 67 1.949 143 4,550 6,709 67 1,949 143 1,789 24 6,363 8,522 1,789 24 Liabililie% due witliin one ycar Creditors 12 3,540 3,540 Net current 8.%%ets 3,169 L,789 24 4,982 I'otal assets less current liabilitie5 Liabilitie5 due 2fter more than ODe year BdrJ( Loan Other Creditors 6,918 11,yoi 50,741 09,560 13 13 1,267 143 1,267 143 Total net asset Funds (ieneral Designated Restrictcd 'FTUSt Funds C'orpoTate Estate 5,463 45 5,463 45 11,883 2,488 48,271 14 14 14 14 11,883 2,470
App¥Ddix.' C.Alltci'bui-y Catliedral for tlic year L'nd¢J 31 M3rch 2024 BxpeThdiiure behyecn Iunds £'ODO £'ooo £'ooo £'ooo £'ooo £'ooo Income funds 4,sr 43 10,842 4$ 61 5,534 43 45 61 79 2,$98 4,404 926 183 2,967 IVOT ReadF2bric MaintennGe Fund The IvorRcad Lh8TiIy 222 33 272 1,978 35 Mu51¢ and Clioir lincorpoTaiirtECathedral Otganl Chapcls Church Comm'.ssiuneis Cpnierbury JDurneyFund15ee 151 Fnends 49¥ 34 iy ?29 83 38 156 94 36 47 39 Other 19 2,032 4S Trust fiynts Incorno bil linCCS 34 For ihe bcncfit Dfihe casliedTal and prt¢in¢ For the btThcfii ofeducaL'on. tht libTary and Arcliive5 48 TotRI restricted thnd'l'i'ust Fund income blnCEs -2,032 Cnrporntct5tite oft112 Cathdr 47,941 298 A G Hoiford BBquesL Speii¢e cathedr ChoirFund CTawfTrrd Benefaction Other 22] 1,¥52 32 245 67 54 30 the bEncfit Jfiht ¢klhEdrAI 2nd precincts Fk Cleary pre¢iil¢lS fund Other 89 26 98 126 WFJF.M Church endowmtnt fun 2 JIG 30 452 'l-otol Reserves 74 68,22.: