Canterbury
athedral
Cathedral Church of Christ, Canterbury
Report and Accounts
For the year ended 31 March 2025
Charity Number 1206913

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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
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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.
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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,
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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.
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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
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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
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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
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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 linl<s locally and
internationally with liospit¢ilityor candlelight pilgrimaEQS beingoffered tothe choirs bythe clergy
during the summer period.
Our Advent and Christmas programmo included new short carol services planned to coincide with
tlie Christmas Marl(et and also additional '.£oiigs and Stories, aimed at young famllies. Advent
MÈditationswere offeredfrom tho Nave Pulpit usingthe Chor¢il Scholars and a majororgan advent
meditation wa5 played by the Assistant Director of Music with readings and poem5. A midnight
mass on Christmas Eve is now established as part of our pattorn. In Lent aiid Easter Lourses were
provided and stjecial 5ervic@s produced for the first half of holy week in additioii to the traditiona
services of the Triduum. The Bishop of Dover presided and preached at Christmas and Easter.
The number attending regular Services duringthe calendaryear reinain5 at around
120,000. 1,575 pe.ople attendL>d 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.
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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.
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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<il music, organ and choir, with the
Assi%tant Director of Music and the Organ Scholèr, and also in November the Siiiging Partnerships
Lead brought Bridge & Patrixbouriie Primaryschool Choirto lead the firstshoppers, Carols so55ion
at the Christmas market on 30 November 2024.
On 9 December 2024 the Singing Partnorships Lead, and tlio Assislant Director of Mu51c brouy.ht
two group5 together, young ii nd old, forthe Friei)dly Siiigers chri.stmas Fvent. Members of Bridge
& Patrixl)c>urne primary School Choir Ipartiier sclioolljoined with tho Friendlysingers for a session
of ChristlMa5 carols and fun.
On Sunday 22 December 2024, the Assistant Director of M usic gave a performance of M essiaon's
La Nativite, with litureical readiiigs, The servico was oxtrem ely well alten(led and received, with
positive feedback from the congregation, including'The most profound Inusic(Il oxperience in 20
years,.
The rDSe of the Singing Partnership5 Lead was made full time in January 2025. Since then, Heleii
ha5 set up two new aftor school choir clubs at new partner schools Canterbury Acadeiny aiid
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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.
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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
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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
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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.
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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
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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,
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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.
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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.
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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 l￿ra115, 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.
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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.
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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.
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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
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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,
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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).
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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.
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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
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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 0￿r Incom
2,414
2,03e
1,944
Lgndio¢d'5 rop￿1￿*
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.
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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.
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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
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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.
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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.
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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.
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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
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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,.
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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.
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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.
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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.
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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
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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)
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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'
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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
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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
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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 trusteL￿S 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
ch￿itablE A¢livites'.
Other Gianf5 11) Support of nii5sion
Charges and fces arising in tlie course
of In1￿10ft
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 nu￿bered 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
7￿81
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
I1￿lId8
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 S￿￿ldI￿ry
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 $￿11 equivale￿1$ 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
InCo￿t fro￿ investli￿nIS 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
IIDciY3seydttre￿e 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 prep￿ttl0￿ 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 res￿Ct
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 St￿dzTd
&pplicable in the Uniled Kin£doin and Republic ot. Ireldnd IFRS 1021 (Charitics SORP FIIS 1021, the FiIianci&l Repurting
St￿Idard applicable in thc Ull and Republic of ITttl8nd IFRS 1021, tl)e Financial Reporliiig S￿dard 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 cathedr￿18 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 S￿ne 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[1￿1n5 confident ot the Cathedral'5 ongoing liquidily. Despite the continuing uncertainty, tli¢ Chapter has
concl'Jded Iliat the level of uncenaiDty dots not C3St SI￿1ficant 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 in￿Me, 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￿.oU￿1 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" reVe￿￿e 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
r￿lfilMent 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]m￿ce 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 reco￿lS¢{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 deci￿rd ￿]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 ￿TrOU￿1
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 cons1￿CtIve 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 b￿ed 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 mI￿10n 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
rePr￿sellI5 ilie cost of restoration aDd L'up￿1. 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 la￿k of wiiiparaiile in3rktt dats would make any attetnpt
at V￿u￿tion exiremely On￿.0￿S 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.epa￿nents 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 repres￿llts 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 TecO￿lSed 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 fin￿Cial aciivjtie5 on 8 sli%ight lint basis oveT the lease term.

c￿￿terburY Cathedr21
55
Notes lo the financial statemenl%
for the year cnded 31 fJl2reh 2025
Funds
Funds ￿'e divided between Ferni￿ent. Resiiicted and UnTe5tricttd.
1.1 Tlie Permanent Fund rep1'es￿lI5 Ihe Corpor&le Estate ofthe Chapter and, as an endowment tund, cannot be
expended, 8llliough il may be realised and r¢ivvesied in a dI￿erent 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 d￿triptiOnS 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
g￿lerally.
International Study C¢ntr£JCHnlerbiJry Cathedi'al Lodge11 S Cl Capital liuiid
'rhis fuiid I.e￿IVeS all don8tions, Btanls and le8&cies Ihdl specified 10 be used in conn¢ction Nvith tlie
c￿￿te1'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 i￿￿￿ten￿l¢£ 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 c￿1 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 lilD￿1r.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 theTr￿t 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 [L￿LI110￿S
Tlic FI1￿id￿0[C￿￿llerbivy Cathethdl
CanierbLry cath¢Jr￿ TTUSI Fi￿d
LeBarie5
60?
30
GU2
53
23
chi￿ch CDmIli￿1Onrl5
Oiher
3D8
87
397
53
2fv1
26
Z8
369
274
Y3
?,U8
63
2,844
Y3
1.238
63
2,844
CaDterkniry call￿d[aL Lodge Iithmdiityial Sttidy ¢￿ttre)
brary. Artt5iiVts. Schools and CDiiiS¢S IllCO]ne
2.059
Adin15$1Dli ftE5 fr￿rt srysiiot5
3.875
Othcr ll￿0￿ne f[￿n￿slI￿TS
Gross IncQintfromtrathiis￿Id othuacii￿lleS
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 Pl￿1￿l Inole 151
MaJDrrepaits. conservatioii and Impl￿¢￿t￿ls
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
R￿tI'l(le
Fund
FÈT￿￿rtent
Fun
£'OQD
£'oo
787
75D
5£
550
633
58
75
N¢1 de(￿Se0￿￿VI1￿II70￿YeaTEll4td 31 m￿dI ?.0?4
l Inve￿￿￿￿1PJ￿pe￿ty 15frr¢boSd a￿daP￿￿[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&Sp￿riflI ￿$1￿1]Pri0]IS
rcwdiiig Dccll￿tjDn aiidiise appropn&lE 10 eaclipTQP¢rty dl Ilieb&l&iice thcct4Aleusinglierknwwledgeofthr prop¢Tty
of ch￿CrCd 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
tep1ar￿n¥it￿5r v41iK* l ApKil 2024
5,907
Dtpreciatcd r¢iTrld1cenieDt￿sIVbl￿￿ &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
Nettr￿15fc[ 10 IIlVatsnuilPt¢PtyXW
60
i21
MnrlLet yaluc31 M&rrh 2019
N￿]n¢T￿se011[Wth1ull14Dl1 yWeI￿cd 31 202q
Non-jWÉ%tDeniPtoyerlies£Tehdd iGduseda&fvllD*5'.
Al 31 fvlatth?Q25
foi call1di￿ c1ergy.c1w￿￿1d5￿￿knI1MI
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 pl￿pelty at the balance %lieet date with. where appropriate, allowance being made for deferment
to the date when legal p0￿c5S1()n cali be obtained of pi'operties occupied by members of thtt Chapter and staff
under the tertns of their employment.
lil aCcThrd￿1¢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 me￿Ure 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.ita￿e 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 [Q￿ed the Gol'e of tlie holdings now in the Cathedral Libi'aiy. T11e
Libi'ary contaiiis about 30,000 books and P￿nphlets 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
ContID￿ed
The Cathedral also all ￿ch]Ve which datBs fiDni thc 8th Gei)tury and is p￿tIcularly 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 c￿lterbUry 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 al￿11Y
4,788
42
281
1,029
36
Milsic a￿d Choir IuLcofpoIaiy¥Cathr4rgJ or￿})
Chapels
33
30S
ChDi¢rhury Jotf.¢y-.
2Z
74
68D
48
40
Jatkm
47
39
504
526
252
FDI the heTrcf1lulM￿1ca￿d 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 appe1￿1￿
FOT fiirthei ￿et￿lSo[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 Ill￿r[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 st￿l￿es
Other Strvices- Auditof Subsidiary.
42
18 ErnplDyee infor￿AtrOn
The &Yera8eThYeekly numEwof uxployeel duri-..g Lhe yearwds 15712024.. 1591 full-tiine tqUlV8lents and
21312024.. 2341 based oli headcoiint. Tliese ayi ?￿alYS￿d as follow%-.
20
FrK
2024
FTE
14eadcounl
Caihedral siaffli￿¢1udLnB Welcotne Ctniye. Virgers, Music)
Woiks depart￿277t (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 Al￿1ng5 of tmpluytos Ar.d Iicy m2nagemEllt pcrsoiinel
c05tslincludsng those In respeL'I io Cl)apter mel￿be[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
c￿1011 Trc85urer
32
32
Tlie rErnunttatioii and ptnsion provision for Cleri¢al ine]nbers of Ihechaplei wa5 paid in ￿￿ordIn¢t with
the sc￿t5 laid down atM?udlybythe N21i0nal Church In*iiuliTrn5
EXpE1￿£s paid lo meiDt*rs of the Chapier amounted to £16.871 inLurred by foul rnember5 0fCliaPterl2024. £7 068.
IncuNed by five rntmbers ofChapterl- ThesL' relate to Iravellittg. hospit￿lty and olherwDrking expensBS
Key management per$tsnnel Iiiclude ihe Mem￿[5 Qt'Lknpt¢T, the ReceiverGentr￿ and Diitctorof Fi￿ance.
The lolal [￿mun￿ratIOn ofkEy mart88e]nem ptssonnel. intluding einployefs tLational iDsurAnce aiid PEnsiDn
coiilributions £433,3ÈS12￿4. £426,3401
20 Pensions
The Lliapler c0iitirt￿ lo opEra￿ a Group PLrsoi?al Pen%ion SclieinBNthErDbythe Chapler
gTee5 to pay. foreligiblE c]nployee5, adefined ¢OlttnbuiiOtt into th£ TneiKber'5 individual pe￿1￿￿
plan PJi Insuranw company ItwJEpendently admiiiisiers wrtribulitsns to Ibe Sthenie The priisioll c051
ehargt iewtttn15 coiilributions payable by ihe CluweT to the 5cheiDB3nd amoullled PD £373.B1512024.. £341,228)
Coiitributions of £Nil12024.- £Nill wtte payable to the scheme at the yearend
-rhe Chapter conliiiued loo￿Tate a money pur¢h35e pension s¢hem£ vlith defined cortiribvlio
levels, which is closed to llew ￿Lt1￿berS An insLu8neecoinp3ny independBlltly adTninislers the scheme.
No eonlribuiions were payable bythe Chaplu to the 5oheD)e12024. £Nill
Thechaplerpailicipates In theCI)urch of England fuiided Pths1o￿3 Schetne for slipendiary cltrsy.
This 5¢hEme is admini51ertd by the Church oflngland PensioTh% Bo*d. whi¢h holds the psset5 Df the scheiDES
SePUaLely froTn those0f￿￿E RESp￿]SibLe Boditts.
Each partieipaliiig REsponsible Body in i1￿ ￿h¢T￿t pays CDmribuliO￿s al a coDimOtr. colltributiQn fdle applied 10
ThBsclicme Is ¢on%ideied lo be a Mult1￿MployerSe￿e￿£ deseyibed Iiisection 28 of FRS102. This means il is noi
Pty51￿1£tO ottribute ihe Schcinc's ￿set5 and IiabililiES to a speoifi¢ R£3ponsible Body Ènd thi￿ meaiis thai
conliibuLions are a¢wunted for Ifthe gchenie welc adefined CDntribuIion.wh￿￿e The p&ii$ions costs cbargÈd
lo Ihc slateiiieiit of Iindncial activllies ISOFAI in the yeararteolltribulions ￿Y￿b]e towards benefi15 ato exp-nses
cerued In th&tye8r.
Thcre Vfd5 One aciive membBr oflhe scheme ill t1￿ye￿[(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 sei*iCCS
2025
£OQD
2L124
£0
AdrninislT2tion alld fiiionct
IiiformaLiOliteckniology
Pe￿01￿18& 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 car￿￿5 0111 Cathedral tradin83ctiViiies. T￿&b]e Profits If any are
transftrred to the C*bcdral viz a uift Ald(￿Mpli}￿ll Detd of CfjYcnaNi C*hed[￿ EnterprisLs LiillitBd pays a
¢QTninercial reiil totlie Cathtdrdl for the pr¢niiSeS which Il occupies. Thisllnd oditr transaciions bBiweeii the
enlltiBsare elimin￿ed 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 maini￿lanCE ofthe fabric oftht eathedtal. T1￿Cl7&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 acCoL￿tS as an investment pro￿Tty wthin
re*ricted fvnds Rep.L31 incoTne is re¢Dgrtssed ￿ tlie cop3olidaled accounts￿01￿ withlliiy expendiwrc inThJrted.
24.2 NDt conli'Dllef5 by Ihe Chxpttr
Thcre aTBtwo C[ILilies￿Ith aTE wholly forthBberLtfii oflheLaihedral butwhidi are not controlled by tbt
ChaptEr, th&%e beingTht Friends ofCinLc¢bury cataKdr￿ artd The C￿ller￿vry 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 reVaI￿tio1] aiid grant ¢ornmiimEnts
82
3£
Cliartl fvndingto Cat11￿J[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 ]￿l￿ded 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
ch￿ildb1¢ 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 F￿an¥la1 Aclivilies indudes all gainq and1055es reco￿lSed 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 h￿d
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
Tr￿t 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 Mainten￿nGe 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 b￿l￿nCEs
-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.: