CATHEDRAL CHURCH OF ST MARY THE VIRGIN, ST PETER AND ST CEDD, CHELMSFORD
Financial health, per its FY2024 accounts
The accounts state that the Cathedral achieved a total net income of £38,000 for the year ended 31 December 2024, driven by an operating surplus on unrestricted funds and investment gains. Unrestricted reserves stood at £462,481, which is above the stated policy target of three months' normal unrestricted expenditure (£232,000). The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“It is Chapter’s policy to maintain reserves at least equal to three months’ normal unrestricted expenditure” — page 11
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Adedamola Aboaba
- Andrew Noel Copp
- Canon Jose Augusto dos Santos Fernandes
- DAWN GRACE WEDDELL
- LORNA QUINN
- Professor Valerie Anderson
- ROBERT JOHN EVELEIGH
- Rev Sebastian David Tudor Harries
- Venerable Jonathan Edward Croucher
- Very Revd Jessica Heloise Martin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.3m |
Common questions
Is CATHEDRAL CHURCH OF ST MARY THE VIRGIN, ST PETER AND ST CEDD, CHELMSFORD financially healthy?
The accounts state that the Cathedral achieved a total net income of £38,000 for the year ended 31 December 2024, driven by an operating surplus on unrestricted funds and investment gains. Unrestricted reserves stood at £462,481, which is above the stated policy target of three months' normal unrestricted expenditure (£232,000). The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Edmund Carr LLP.