LEICESTER CATHEDRAL CHARITABLE TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity operated at a net expenditure of £1,511,254 for the year, significantly reducing its total funds from £3,048,491 to £1,537,237. The trustees report that unrestricted reserves of £2,258 are below their stated policy target of £4,900, although they consider the overall reserves sufficient to continue meeting charitable objectives. The charity has no employees and relies on the staffing resources of Leicester Cathedral.
What the accounts disclose
“The current balance is below this and is therefore considered insufficient.” — page 4
“During the year ended the Trust made Grants of £2,216,926 (2022 - £1,890,914) to Leicester Cathedral in order to enable it to make payments in relation to work on reordering the Cathedral.” — page 15
“At the end of the year the Trust owed Leicester Cathedral £153 (2022 - the Trust owed Leicester Cathedral £183,341).”
“During the year ended the Trust made Grants of £2,216,926 (2022 - £1,890,914) to Leicester Cathedral in order to enable it to make payments in relation to work on reordering the Cathedral.” — page 15
“At the end of the year the Trust owed Leicester Cathedral £153 (2022 - the Trust owed Leicester Cathedral £183,341).”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2022) to "below" (FY2023).
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Rev Jonathan Kerry
- Rev Karen Rooms
- Sara Burgess
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £120k | £1.6m |
| 31/12/2023 | £706k | £2.2m |
| 31/12/2022 | £789k | £1.9m |
| 31/12/2021 | £1.5m | £1.0m |
| 31/12/2020 | £367k | £459k |
Common questions
Is LEICESTER CATHEDRAL CHARITABLE TRUST financially healthy?
The accounts state that the charity operated at a net expenditure of £1,511,254 for the year, significantly reducing its total funds from £3,048,491 to £1,537,237. The trustees report that unrestricted reserves of £2,258 are below their stated policy target of £4,900, although they consider the overall reserves sufficient to continue meeting charitable objectives. The charity has no employees and relies on the staffing resources of Leicester Cathedral. Its FY2023 accounts were independently examined.
Who funds LEICESTER CATHEDRAL CHARITABLE TRUST?
Funders whose own accounts filings name LEICESTER CATHEDRAL CHARITABLE TRUST as a grant recipient include EDITH MURPHY FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| EDITH MURPHY FOUNDATION | FY2024 | £15k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £125k |
| THE HEADLEY TRUST | 1 | £50k |
| THE A M CHARITABLE TRUST | 1 | £10k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY STAPLETON BRISTOL | 1 | £10k |
| The Patricia Routledge Foundation | 1 | £5k |
| THE MCCORQUODALE CHARITABLE TRUST | 1 | £5k |
| SUSANNA PEAKE CHARITABLE TRUST | 1 | £5k |
| THE GORDON GRAY TRUST | 1 | £3k |