Charlty rtroistratlon n limber 5118J6 NEWCASTLE CATHEDRAL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
NEWCASTLE CATHEDRAL TRUST LEGAL AND ADMINISTRATIVE INFORMATION rrugtOO8 Canon S Haruei CElnoii DR Billon TGlenl Ml Spriggs Reverend J Sadler CM Pearson PH Taylor LunI)IrhaM LTf7 R Brims N Sliulk8 A Wla¢,d¢yll J Haflley The Voiy Rovuref)d LP klatson IAprointed 26 Aprll 2033) IAvk4Jliilud rytl Api112023) IAppointed 26 Apdl ?a•,1) IAI)poiiiied 25 Ayil 2023> IAppointed 1 i Ortohp.r 20231 Charlty nijmtyer 511836 RoglRtorod offlca Calhedral Chi Irch Dl.S1 Nlrhola8 Newiasik upon Tyne NE1 1DI Independent examiner Rob60n Laid18r Accountan15 Llmiled Fernwood HOUG Fernwood Road JftAni()nd Newcastle Lipon Tyn• NE2 1TJ Invpsliiiont •dvl6or• CCLA Investment Manr?qémonl Ltd THF. CFB Church o:. Engiai)d Fund$ 80 Cheapgde L¢x)don EC2V 6DZ
NEWCASTLE CATHEDRAL TRUST CONTENTS Page Truyle89' report Independent examiner's report Stalemenl uf f nancial 3¢livil 188 8cilanr.e jhool Notes 10 I'.ie firiancial s'.aiements 0. 11
NEWCASTLE CATHEDRAL TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Iriisifres present Ih411 3nnLial feport and litiancial slalernenls lor Ifie yoai. ended 31 Decembef 2023
The finanr.lal stAlemenis have been prep8fod In ar,r,nrdRw.8 wlth the iicccjunling po}leS set oiil In i)ole 1 ',0 the
linaiibial slaiemefjts and coniply svilli I1 Lliarlly's governing docuinenl, the -l)arilies Aul 2J I l and "Accoui)tii)g ond
Rppo.1ing by r.17¢irllies. tlement o, Recommeneed Prarlico applicabl6 lo charilies preparing Iheii &C¢OLinls in
uecoiJaiice with Ihe Finaiicial Rcwoffl.'i)g Siandaid applicable In the 'JK and Rt¥ubllc of Ireland ..IIIKi
102)" 1offe¢b¥e 1 Jdi)u41 y 20191.
Objecilves and acllvltl96
The Ifusl carries out Ils sole pijrpo'ie. Dy raising funos for the benefll of the Calhcdral and moel$ r&gularly so Ihal It
iiay be kepl infoiniod ol Ili(4 Call)ectral's needs and futilf8 plans.
Pu blic Bonofit
Ilie I rutsl lias benefitted the public by ialslng luids lo help the Cathedral Churrh r>f Sl NSLliola8. In doing IIIH
Twslees ol cliiiri1y aiL) helpinc lo maintain and improvp nniy ol Ilii, key religiws and hislnrir. liiiildiiigs Ir)
NovCLisile upon Tyne for fulLire goiior111i)n
A¢hlèvoments and performAnc•
ChHritahlp ilf.livilip
TIMa Iiustees are dellghied ai huw tsiiccèsslul the fefuibithmenl of Ilie Cir IhrJdr&il lias been, and the mai)y VO'.y
po%ilI4e i=ninmoi)16 '8 have rectr31ved a5 a TllS1111 ul Iliv Ctipllcil pai"1 of IhE Common CifoiiTid Iii Sacred Sroce
development proiert - and tho -frLI811)olS now recei'4ed the linal payn)e.nls Irnm Ilie Nalioi)al Lott8ry Herit<? Jr e I tii)u
lowJids wuik111811i&8 been comp'gled
The Inlegral and Very Important 'Adivity' PEIrt of Iho Common Ground In Sacred Space ?roiecl has a180 now come Ic)
end la1 the ol Apiil 202JI - and tlie cla1nge as lar ab 1119 L¥llio(tr4bl Is COf)cerned, 18 10 try 2nd mohe best
se of the Deautiful cathedral tsiiil(I i)(J ai)¢ the Ileyible space 11 can now offer In order lo help make e15 meel Jiid
énable Iliw ¢allikidiol io be niore Iinancially suslginable inlu 1110 tLIILirg.
To IhiFJ e.nd dijrinij 2L123, kne Trust deci¢Yed lo try and InrLiS laLiS oil capiial works Ilhere were no new capital funding
ianijaigns durirg 202313nd mnro Ofi Iiyirig to help the Cathedral in Ils (evenuo GhLillenges land to this end do(. ded
la [Ili)ii loi J ILJnlr&Jing Gala Dinner
10 place In IPIV Syiirig 012024 The panning has beÈ)ri oiigoiiig, and the
G81e Dne( has now laken plmcel
In addition lo t$, f¥)wever the Triisl lias been Involved in raising funds for Ibe coi)linualion ol Lantern IrsihÈilive
As ioport(gd a ye ago. this Inilialive ha3. more moro, beC0e an Inlecral part ol Iho C•alhodral and the
uftderslandg ol what Il really rnoa115 ui Id Iiivolves to be an increasiiiqly aullieiilL Dri. How'evei Ihe or¢sent Ihi'oe
yp.111 Iiiiidiiig I"iins VLII 81 the eiits of this year i?.V241 $0 tho I rusl nas been very Inv(Av8d In tryillg lo sDiirce
furllier fundil)g for the next three yeais14024_20271 8ecause of the Eucce8s ol lh work we afe doing, Ihoiiqli uii¢J
11)p ini'rp<isincJ d8rnaiid lor Ifie sort of siipport we oVg1, alo ktsuii lo IiiL'e
NEWCASTLE CATHEDRAL TRUST TRUSTEES. REPORT (CONTINIIED) FOR TIIE YEAR ENDED 31 DECEMBER 2023 Slriir.Iiii•. gf>vfftrnttnco 11hd mai)owinftnt Thp Charity is cuntsulled by its governing documenl, a deed ol tnjst, and rJiri%liliilt)s.-In iinkw.nrKNif141v(I churily Charlty Constitution n'u Ti iftl>l Is ¢J r¥Ji i¥ltri-d Lb.I4rili. Iiunilioi ts'11836. and 1% r.onstiliJlv.A IiThJer a TNSI Deed dat?d 1 September 1981 It5 sole Dbjert 18 lo raJS& ftyndy lif C.haoler ol Ihe Catl)odrtil Chiirr.h i)f Jf l Nicliolx,¥ al N+iwr AsIIp ilPL¥I Tyn¥ lil wing 0111113 4July lo in¢linl lind Imwove Iliè f¥bilL L4 Ihe Cathedwal Chwch of St Nirhokig. The ITU$leès wl)o sèrved diirlng the year dl)d ui) la the date ot signature of th(.. fini1ncial slr11en)entb rP.. Priiffrilisi?r J &J¢Jd.Jrd rhp Vpry REb.weiid G Miller {R117& 26 2Q231 L'¢In OR Biknn r Glfyilon Afvl p)¢ 11 Sprlg94 Riw+r+)ii(J J Sarflor IRtr41(11 ILXI 26 Apill 23> rJFI 'T4yIL J% 8511illi QEIr. I"aiKJn .1 $4uires {R¥slgii 21> Apiil i'U2J; IResiyi)ee 16 ni-.tnho.r /n?i) lTro41[IiisxJ 26 n.iji il ?.O?-) IApyolnled 26 April 202s) IAi)pc)Inkn)d ?b' AiJiS1)02Jl IAppnintp.d 26 April 20?.$1 IAppL)Iiilf44 2.ti Apill 202i> {Apprtrinl4id 16 ni:1( Jli{'.¥ 112.,'11 l. T i) H Yiim5 N Shiilk? IV¢iddo11 Tiiv Very Rpvproi)d LP Biqlsnn R•cruitmont and appolntmqnt of truste•s Niiw Irii%lrjoa aiE appLNntod .?y the ex91111 Iiusl&¥s (all nf whom wtyk voliinlirilyl .)Iirl IxrTr(Trd of Ihrfte 'ipdf5 Jftp.r thii;h Ihey Inxy 8rth.nk rpnppoiDIIi)viil Tlir. TnJ81 Inoets Al Iliiibii Ivoiilli .Ii¢L'lViII,. xtra nieelii)g Ii'wil¥¢J Il i¥J('.pssDrv T1 miJn,Ig(?Inv.nt of luMraising hr15aeen carrivd oul by Ihè FundralsirY4eo. o,-din810,- Irti41170•4 CRnon JLJliii SMdlfr, and h1ndrais1r tivit8 iriili8liJ iiiiil 4)IvIseLl by a s111 yutwoup ol VM Rlk management The so',e puri.0 of Ihfj Twst is "lu aN¥i41 t Cr11hpclr.'Il C.hnplnr Ifi Ilie io¥li)riili(yi, Iriiwr)vtsinvfil, develnpmè.iil. pft411(?Iviilion, Ippalr, maliiltnHnr bt)LtillcalK)n ol Ihe CalliEyJidl und lo poverty" tri r¥fri8ing fiind8 loi the C?r Ihedral and Irdll%forn'ng Ihem lo Ill Caihfttjra Ir S qUested by 1:Alldid1 ('lidi)lttr. G&rplul ac¢A)unting and progf8mrn4no of works iiiinimiznA the rfsk ol IhÉ Tn (:ninmlttin%J Il%ttll In liJndiDg bi?y£ Its CAllribiiilio6. The Irusl8es' rAwrt was awroved by the 808rd ol TnJNlet Reliernd J Sarf•r Trvsto
NEWCASTLE CATHEDRAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEWCASTLE CATHEDRAL TRUST I I'oporl lo the tn151eps ali Illy LJXikll) fldllon af the fi'lia18) Staleirenls ol Newcastle Cat.ra1 TrLI¥. Ilhe cnarrtyl fof the year endod J l L)ecwnber 2023. Respon5iblllties and basis of report As the iruslees of the cliarily you are resoor slble for thè prBpafJlioii of Ine fii)ancial slatrJin¥nl$ In accordance VIll) the requireineDlS of th8 Charlifts Ar,1 ?r)11 Ilha 2011 Acll I report Iii respect Gf rry ex8miniuri L>1 Ili& Lliaiily's Ilnancl-l slatemen',s CrJrii¢4d out under section 145 01 the 2011 Act In carryino niil my ex9niinalion I ha¥ie 104owed all the opplicable reCtiOnS given by Ihe Lharity wDnimiysion under s¥L'IiLXi 145(51(bi ol the 2011 AGI, Indopoiidfrnt examlnerf5 Staternent I liave complelp.rt my pxaminalion I bonfifm iyal no m811er5 have conie lo my attenllon In canneclion Wlh 11)0 exairirialiori 9i¥lng me cau8e lo bpli8vo IFii?I Iii jny malerlai faspea. aCcotIng wproid41 wcre iiol kepi In respect ol the. c.horily IJqLiired by 5ecticn 110 ol Ihe 2011 Acl. Of Iho Iinancial 51atements do nnl rir.r.i)ril willi Iliosè iecordg. or Ihe firgnriAI 81lL Ipineiils do not comply wilh Ihe Bpplicaljle I'ilqiiireffteils concprriiiig ihe lorm and conluiil ol acLounls sel out 11) the e.hArillpr4 {Accuiini8 and Reporlsl Re.giJ8linnM 21111& olliei than any roqiiirpiiieni thal the accounts Aivts a Iflle anii fail view which ig nol a mattr .'uri4id¥Ied as parl af an 'iidtspoiidenl examinaiior.. I haiie no cor)cerri¥th land tK4ve Gone ar,ioss no olhfjr mallers In connection with 11)) cxaininalion lo which Jtitn'.ion 61iould be di'awn in Ihis r81?ui I iii c)rKJer lo enable a proper underslaiidiiio ol Ihe fin8n¢i81 slaleinonts lo be reathed JaL- Nlcholaj Cunnlngham FCCA Robson l. al(Ilf Accolbnlants Liffllted Fernwood House FemwDod RutKI Jesmond N(MILUallo upon Ty NE2 1TJ
NEVVCASTLE CATHEDRAL TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 R•*trlcl•d funds 2023 Restrl¢led 2022 Noto Ii)r.nino Irom: Donations and Ipgac1eS Iiiveslrrienls 56.860 875 64.734 Total income 57,735 65 088 c.hir ritab K.Iivilloi 318,841 46J 386 Not oxpendllure and moveineiit In lund8 (259,1 Cfj) {398 2981 Reconciliation of funds: FurKJ b8lan=e8 Qt 1 January 2023 31J2.730 781028 Fuiid balanc88 at 31 Docembor 2023 123,624 382 730 'I'lio s14lemg1I1 ol finènaal aclivilies Includes all gains and 10sx8¥ i+Ju)wils¥d iii Ilie year All iDGome and 8xp811dilLIII) deriv8 trLWi r.onlini iiry K.liviliR.S
NEWCASTLE CATHEDRAL TRUST BALANCE SHEET AS A T 31 DECEM8ER 2023 2023 2022 Noles Current •Nolx Dabt41r 2Jf6,U3 27,3IYu 318,645 10 al and in hd 124.ilJ.'S 602.JJJ Cio(Jilors. afflouiits fallliig dite withln olio yoai 11 34,586 2111.Ga-.I Ni.4 1".iJnenl asielA 123,624 382. 1 30 Th• funds nf tho (:Iithilly A¥$lnLlfyJ in{JJn funds 12 123.ti24 3112, T;X) 123.624 3tiJ.i.i(I Thts fHral 5tulementi apPjd by tl)e IfilBWffl8 nn ,. - Iv,£.dc' Rovwpnd J SwJlHI Tiu¥ltr
NEWCASTLE CATHEDRAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounling pollcieg Charlty Informatlon Newcasliej Ca'.hedral Trust Is an un11corporaied chafity (charity nLimber 511836) Tie fogislared offlc8 i bas#d 91 Ihe Call)r•di4 CIKJrcli yf Sl NICha9, Newcastle uporb Tyne. NEI 1TJ. 1.1 Accounting convention Tbp. finlr.11 8llllpn)onls havo been Prepared In acco[dae wiin u)e charily's Joverning documanl. the Charilles Act 2011, FRS 102 'The Financial Reporting Slaridafd applicpjble in the UK and Rewblic ol Irèlaiid. I'l.'RS 102.> WKI Ihd CtriafilEs SORP "Accounting and Reporting by Charities Slalewonl of Recomrnended Practice appl cable ID ehArilies prpporing Ihftir ar.rc)Iinlg In aCLC.rd8nce wilh Ilie Financial Rtsyuili1s9 Sldiidsird applicable In the UK and Republic of Ireland IFRS 1021" (eflecliva 1 January 201QI T he charity Is a Piiblic 8en?fil F.nti1y £15 dRhned by FRJ 102. charily ha& taken adv4)nlacJe of Ihfj provisions In Iha SORI) loi d)8iltlas nol lo prepara a Sial8Menl of Ca9h Fw$ I'he financia,. slalemei)Is are prepared In slprling, V¥hich Is 1119 fu,'ILIiun<il CulinCY 0¢ Ihe chdfity, Wnelwy Yiounis 11) Ihese Ilnancial slalements afe rounded lo Ihe nearest E. The financial stalernenis have been p"epared tinder the hi51orlcal cost r.cnvgDlion Tho pr ncipal aCCOuniing polii'li•a iièopl¢Jil aro sol i)ul beluw 1.2 Goliig concern Al Ihg. lime of Jppi oviiig Ilio fili Ji)i.'Jl slJleiii¥iili, Ilie Iruslèes lidV¥ a I gaSQflcible expeclalion Ih81 the -Iiai ily has aoJequ8te resources lo c.JnliniJ8 In opp,ralional eKislp_nc.p fnr Ihp. Inrp.4RO¥11)lo fijlijrp Tl)us 11)e trustees oiilinuw lo thjupt tho gthng concern basis ol accounting In weparlng the firancial slalemenis 1.3 Charliablfj lunds Unie.slricled f4Jnd6 ar8 BvailaDlo for u&e Il Ihe di8c(etioii ol the Irtsslees In furtherance of Ihelr charrtable objeclwes Reslricled funds are sijbject lo sp•cific. r,ondilion& by dtsnc¥s or gf41'11tr$ ils lu livw Iliey may be used The pui'poses an(1 USts'J uf tlie reslriclea lutsjs are sei OL41 In the notes to the Inancial slalem8nls Incon)e is r££osni6ed wlieri I'IL) Llidiily is Ivydlly £¥iillll¢d t()11 after ¥iy perfoimance conditions have been mel. Ibe aaun¢5 can be measLtred reliably and It 1$ probable Ih8t income will be received Cath donalions are reco9n1sed OD recwpt, Other donation5 are rec(xJniBed onL'e the charlty h86 been notilied of the donAlion Linle8% poIIE)ri)iance con(Jilions require deferral of the amouttt Iorne tax recoserablo In felaiion to donaiorL8 received ijndei Gil Ai¢ or deeds of ¢ovenanl is 18counis¢Jd al Ilio Iiiiio ol Ine donalion Legacs are recognised on receipt or olhefWi• if Ihe ch8nty has been nolified of ali ImpendliwJ dislrlbution. lh¥ 414lf)unl if¥ Known, and receipt Is expectec If ltte amount Is nol known, the legaey is Ire8tftd ai ¢)nlingenl assel
NEWCASTLE CATHEDRAL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 A¢counting policies (Lonllnuedl 1.5 Expendilure Li8bil lies ale recognised as pxppnthlure w soon as Iheie Is a legal or conslrLclive Wigalion comirillin J Ilie charity lo Inal ?xJoii(lilui¥, Il 1$ probable that a Iranrfer of economlc nefItS will be roq(Ilro¢i In $e'.tlent and IhL& ,41YIL>unl of the obligatiori cali tsp riitJUYUlÈLI ièliatli. EKpenrJilure 1$ 4iLuiAIIL'¢ lof on an accruals l)¢isls and has been clas8ifiL>(l Liiider heading5 tliat aggrpJ¢ilp all cost <¢laiAd lo Ike category Vthere Losls cannoi be. (lii'eLlly 8111ibu18d lo particular hoadingt4 Iliey fiave been allocated l() -Icliwlios on a baas con515lc.nl will"1 Ihe use of resources Gfanls oftered Subiecl Iv CUrlI1U1)S which have nol been mel ui Ilie yeai end dale are noted ax n cwimilnienl bLII not aec'u&g a3 expendilure 1.6 Cayh and cush equlvalenls Cash and cash eouivaleriis InclLsde cash Sn hand depo8118 l)elfJ al call Vlilh banks other ghon term liquid jnVl)41iiieiils wilh original maliirities ol three Inoiilhs or less. and bank gYefdr¢ifts, Ba411k overdrafts arg 91 iown Yiiihin befr0ng$ in curreiil IwbllrtlfJ6 1.7 Taxation l-he rharily Is eKempi from tax on it5 chanlybl8 Kllvilies 1.8 Investments Ii)Wij4lryieiils afe balued on an ongnlng tr)a81¥ The surplus or defir11 nn rpvaliialion Is Shown in th• 8thlRn)aiil ol FinarKial Aclivihgy Cash at bnnk and In hand Lash al bank and cash In h4nd InLdèS cash and short ierm l)IG4ily liquiJ investments with a shnil. riiitluilty ol Ihroe mlIbS or less from the dale of 8cqulsilloii or opening ol the depo%il Dr 9Imilat accouni. Short tefii debtor• and credilors Ceblors arnrj ¢fedilors wllh no inlefe51 iale which are reeoivAble or payable within Dnp. y8Rt Fjre recorded al Doiiatlons and legacles Restricted Resliiled lunds lunds 2023 2022 D¢Thlions and gifts r•fAI)IB 4.402 52 458 56.860 fA,T34 Grants recelvable for Gore aGlivitifta The Me(ceis' Compiny WIA Fiandlei Tru81 L sled Places ol tsrShIP John Bell Fund 30,15)O lo0 1151 10,057 10,000 52,458
NEWCASTLE CATHEDRAL TRUST NOTES TO THE FINANCIAL STATEMENTS (COMTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Income (rom invo&linenl• Restrlcted lijnds 2023 Restricted lun(l$ 2022 Inleiesl receivable 875 354 Expeiidllure on charltab10 activities Charltable •¢tlvltles 2023 Charltablo activities Dlrvct cost FLd raisinq expendilLiro In$uraiijk* Sundrie5 1,537 1,114 E532 1,348 911 3.283 2,259 Granl funding ol aclNilies <see note Sl 211,498 458,B71 Shar? of support #nd goveriimncg co819 Isoo noto 61 Govttrnance 2.060 1,256 316,841 4G3,38e Analysis by lund Fl&ylrlL'.¢d funds 318,841 463 386 Graiilj yayable Charitable 41LlivllIl 2023 Chr1rllLible dclivilies 2022 Gran1% to 1ntrlrtullons' St Nicholas Cathedral Qswin Proj$ 311 498 450,771 100 311498 458,871
NEWCASTLE CATHEDRAL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs Suppon C>overnaMco costs costs 2cI23 SLlPPOrt costs Gcvernar,rp. Coils li)dependenl emaminws lee 2,CfjO 2060 ?. ?bfj 2.25¢$ 2,060 2060 2256 2.256 Analysod bolween Charilable activities 2060 2,?56 2.256 Trustees Tru5tees' remuiieratlon and bonoflt¥ Nfjltr.? ()1 Ilie IrLJslees ior any personE cornecled wim themi recw'ved any remuner11rn of b)Iielils from Ihe charity duting the yei?r TruBtees' expenje Theré wece no Iruslees, expenses paid for tho yaLir Mdpd i I nocoi)ItyJi 2023 nor l¢r the year ended 31 December 2022, Taxatlon Th8 cli8rily li emeinpl If11 l¢lXi41ioii oll Ils 8clivilies because 811 its iiicome is applied foi charrfJhlo p.pOse$. Dgbtor• 2023 2022 Ainouiils talllng duo withln one year: Trwie deblors Prepaym8nls and yuciuwjd IilLLlllItI 5,199 256..37r ?51i.;IdJ 10 Current asset Investmgnt8 2D23 2022 Unlisltld Iriveslmenis 28,180 27.305
NEWCASTLE CATHEDRAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Credltors •mount8 lallln9 due wllhin one year 2023 Tf8de crodilof8 Other creailors ALLI Id de(¥ried IIiLOITia 16,928 17,659 200.000 1.944 17,660 34,588 219.603 12 Reslrtcted luiids The restricted funds of the cnafity comprise Iho unexporided baluiiL4YS of donations and grants held on Irvsl aubfvr.I In 8pecif Condilioiis by eoi)OfS as to how they may. be used. At l January 2023 Incoming resources R4suiJrLII8 expended Translers At31 D8ceiiib*r 2023 General resirlcied fLS Hp.Iitagft l otlor'i fiindy Lante"n Irrtliative-moving on iogellier lJrid Lighlin4J kvqecl 1.304 10.3(M 14.5231 (260.6631 24.484 <24 484 21.325 274,843 47,887 60,000 48.067 {S',.6551 42.299 80 0(YJ 382,730 57,735 (316.8411 123824 Previous year: Al 1 Jonuary 2022 Incomlng rgsource R•iourc•s oxponclod Transler8 A131 Oecembei 2a22 Geneial restricted funds Hoi'liiKJO Locioiy fun(Js -anlern Ir,Itialive-Moving on 109ellitri fkji Id Lighting proje 140.154 640.87 12.832 11140481 1307 0821 138 9381 151J (J491 274 843 42.258 10.000 142 ?561 47 887 50.000 47.887 60 000 781.028 65.088 1463 3881 3132.730 10
NEWCASTLE CATHEDRAL TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
13 Resliict•d fundB
Genoral rastri¢ted Fulidg
11ie 94Jrieial restricled ftind5 repi8senl Income colleclo(I by Itio Tivbl loi the purpose of maintaining Sl
Nic1701as f.athftdr81
Hefltago Lott•ry Fuiid
Tho l-leriiage Lottery Fuid represents Income rKeived InwHrd4 Si NILhol88 Calhecral redevelopm8nl
pr&Jfamm8.
Lantern Inltlatlvo - Movlng on Togother Fiii)d
This liirid ieyiesÉiils ioioiiie I'eceived lowalds the Calhpdral's social ciiliw
NCUlL1jNUiJI4 72991 Newcaslle Cathedral Trust Calhedi al Cliurdi of Sl Nlcholay Newcastle Lipon Tyne Tyne and 'Near NE1 1PF Rob on LL1idlor Accounianis LimllL)d Fernwogd Hoii.iP Fernwood Road Nowca%llo LJIILTrlI Tyiie Tyne and Ilvear N&2 11'J Oear Sirs Financlal Statements of Newcastle Cathedral TruNt For Ihe Period Elided 31 Deceinber 2023 We confirm that the following iepre,sentations are made on Ihe basis of enquilies of managemeiil r.liid slalf 1th relevant kiioKvleolye and expeiience (aiid, where approoriatp of In8po.2.lion of Iir,pnrtino dne.Iimenlption> 8iifficipnt to 881isfy ourselves Ihal we Laii pcoperly make each of the tollowing repres@nialior)s to you, General We acknoWedo8 a8 l¥iistaes otii responsibility under the Cht4rlties Act 2011 for Ihe financlal statements wliich give a true 3nd fail view and for making ar.c.Iirate reprEisenlBtior)s lo yoij All the accotiiiliiiil rfccrds have beeli iiitide Jvailable to you for the purpose of your audit and all he Ifans&tions undertaker by the Charity lidVQ buvii yiuygily Ivlle6led diid iecoided li) Ilie dC'"OU'ltiiig records. All other records and related infofmatioii, Inclu(ling m nutes of nianaqement ni(*tings have t)e&n m<4dE3 IJ yvu. The finaiicial slat&ments are froe of malorial miBStatements, includin9 omissions. Tlieie ale no uiiadjusted eirofs In the finaiiclal statements. lijlurriul Loiitrol aiid traud We acki)owledge our fesponslbilrty for the design and implemenlaiion of internal r.onlrol syslems to preveni ancl detect fraud and error We havE tJi8closed to you the results of our risk assessTrent that the flnancial statemlS may be mi5slaled as a resLI11 of fraiid, We. hame disp,losftd tn ynii a11 in8lxnr.H8 ol knowii or suspecled 'raud affecling Ihe entily iniiolvlng manageiiienl, employtses ivho have a significant role in intein31 conlfol or olnp.ls Ihal r,()Iild avp. a malftrial p.ffpe.l ori the Iinancial statement5.
We boliftve th81 w lijilher (lisc'.osures relatinq to thp cliArily's abllily to Lxjnlinue d5 £1 guiriy r.oncern need lo be maclo in the lliiniir.lal slalements. Grants and donation8 All grant, dc>nali()n% nnd nlher Miconjc. Ihe re.c.eipt nf wliich iy subCl lo specific tefms or f.01)Illllons, have been nDlifipd tn ynii. Thnrp liave been no breac.hps ol terms or LoiiJilions in the appliL8linn r)f ¥iJi li li Ir.LHne Yours fail,[vI Signert on bphalf nl IFit. l)()riril ol liuslees. NowLabtlÉ, Ldlliedral l-ru%l