REGISTERED CHARITY NUMBER . 1086760
THE RIPON CATHEDRAL DEVELOPMENT CAMPIGN
(Ripon Cathedral Development TTUSt)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

RIPON CATHEDRAL DEVELOPMENT CAMPAIGN
coNrENTS
Pag¢
R¢f¢ren¢e and admiDistratRve det*Us of the Clwlty, Its Trustees ajjd 8dTi50f5
Trustees, report
tDdependeDt audltors, report on the fillallcial stateynents
8-11
StstemeDt of financiol Activities
Balance sheet
12
Notes to the fllkanefi•l stAtements
l3-20
The following pages do not forni part of the statutory financial statcments:
The Trust's detaued Income and expenditure account aDd 8ummarle8
21

RIPON CATHEDRAL DEVELOPMENT CAMPAIG
REFERENCE ATrID ADMINISTRATIVE DETAILS OF THE CHAIUTY, ITS TRUSTEES AND ADVISORS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustte6
Mil¢hd Ingham- Barrow
Reverend Nicholas J M¢rcer
Chair Appointcd I" lune 2024
Chair Rcsigncd 26° F¢b 2024
The Very Rcvd Jo]m Dobson
MT Andr¢w Kitchingman
Mrs ChTSStin Thackray
MTS Judith Donovan CBE
Miss Vidoria Oldham
Mrs Sarah Ali
r John Sayer
Mr Richard Coad
Mr Rory Wardro
CbgrSty registered
Dumber
1086760
Prithelpal office
Liberty Courthouse
MingteT Road
liipon
North Yorkshire
HG4 IQS
Independent auditon
Arnistrong Watson AudAt Lillmted
Cbartered AG¢ountants
York House
Northallerton
Nortb Yorkshirc
DL6 2XQ
Bankers
HSBC
RipoJ]
NoT¢h Yorkshire
HG4 2BL
Solicitors
Hutchinson & Buchanan
77 North Str¢el
Ripon
North Yorkshire
HG4 IDS
Page 2

RIPON CATHEDRAL DEVELOPMENT CAhIPAIGN
STATEMENf OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Tn￿te¢S are raTonsible foT prcparing the Trnstees, Teport and th¢ fjnaD¢ial statejnents in accoTdance with
applicable law and United Kingdom Accounting Slandards (Uniled Kingdom Generally A￿epted Ac¢ounting
Practice).
The law applicable to Chariti￿ in England & Wales requires the Trnstecs to prepare financial statements for
each finan¢ial year which give a trne and fair view of th¢ stat¢ of affairs of the Charity and of its incorning
T&8OUTC¢S and application of r￿O￿T¢¢S, including its income attd expenditur4 for the period. tn prepaTing tbesc
financial st*emetsts, the Thistees Ore required 10:
select suitable accounting policies and then apply them consistenlly.
obseThTe the methods and principles of the Cbaritics SORP (FRS102)'
make judgrrtents and accounting estimaÉes that are re￿nable and prndent.
state whether applicable UK Accounting StandaTd8 (FRS 102) have be¢n follow¢¢ subjecl to any
malerial departures di￿losed and explaincd in the fina￿131 statements.
prepare the financial statemenls on the going concern basis unl¢s$ it is inappropriate lo pr¢sumc that the Charity will
continue in business.
The TTUStees are responsible for keeping adequate accounting record5 thal ar¢ sufficieni to show and explain the Charity's
transa¢tioJ)s and disclose with reasonable ac¢ura¢y at any time the fAnancial position of the Charity and enable them to ensure that
the financial statements compty with the CIMTities Act 2011, the Charity (Accounts and R￿OrtS) Regulations 2008 and the
provisions of the Th￿t deed. Th¢y are also Tesponsible for safeguar(linE the assets of the Clwity and hen¢¢ for tsking reasonable
steps for the prev¢ntion and detection of fi7ud and I￿¢gulaTIti¢S.
Approved by QTder of the mernbers of the board of TnL8tees and sign¢d oa its behalf by:
of Ripon
*e. O 3 Jun& 202S
Page 3

RIPON CATHEDRAL DEVELOPMENT CAMPAIGN
TRUSTEES? REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Thc trustvts picsent their report with the fmao¢ia] slatcments of the ¢P￿rity for the year ended 31 December 2024.
The trustecs have adopted the provisions of Accounting and Reporting by Charities: Statement of Re¢ommended Prdctic¢
applicable to charities preparing their ac¢ounts in accordance with the Financial Reporting Standard 4)plicable in the UK and
Repllblic of Treland (FRS 102) (effective fmm l January 2019)
Objectives and Alms
The charity was established by Deed ofTrust dated 10 April 2001 and is a 1¢8lStered Charity (Number 1086760),
The objectives of the Charity are:
To apply the amiual incom¢ of the Tnw Fund to or for
"Such Charitable Ptsrposu connecfed with Ripon Cathedralas the Truste¢s Jhalzfrom time lo time in thelr a&Yolule discrelir)n
deterniine"
tncludTng:
Restoration aLd repair of the fabric of the Cathe41ral
The preservation of the Cathcdrdl's treawre
Supporting the educational role of the Cathedral
To ￿rtILer the Cathcdral's mwical tradition
And such other charitabl¢ purp05eS as the Trn$le¢s shall from tim¢ to lime detcnnine.
RIpoD Catbedral Development Trust Strategy and Prlorltle8
Th¢ fundraising strategy 18 to provid¢ finan¢ial assistance to the Dev¢Jopment Committee of Ripon Cathedral through the most
dircct and effectivc means.
This includes a¢iivities such &8 fundraising event4 patron dev¢lopment, legacy and donations and, where appmpriat4 grant
opportunities from cultural and heritage org8nizations and private trusts.
Throughout 2024. th¢ Trnst contiT)ued to support thc"Ripon Cathethal Renewed" project and cathedral music ￿ well as delivering
a Programme of fiLndraising events were also ddivered including the Spring Fayre. Bccr F¢Etival. Wilfrid Banquet and Christinas
Fa￿.
Aehievements aDd p¢rformance
Jn 2024. th¢ trust¢¢s arc pleased to report a successful yeaes performan￿ for the Ripon Cathedral Developm¢Dt Trust. The Trust
supported the Chapter during the year with fimding of £189,954 towards general nLtining costs and £32,821 low￿dS the A&si3tant
Organisl position.
At year end U￿estrI¢ted T¢s¢rves totalled £26.774 and restricted fimds totalled £222,493,
Page 4

RIPON CATHEDII4L DEVELOPMENT CAMPAIGN
TRUSTEES9 REPORT (CONTINUED)
FOR THE YEAR EM)BD 31 DECEMBER 2024
The Cathedral is open to the public every day of the year. There is a Program of public W0￿bIP, prayer and other ￿tiVItI￿9
tbroughout the year. This includes ¢xhibitions, events and ¢oncerts which also support the wider cornmunity. The trustees are
confident that the work ofthe rharity meets th¢ I￿aL TequAr¢nient that its activiti￿ are for the public benefit as required under
se¢lion 4 of the Ch￿ltieSACt 2006.
Income
2024
2023
UDrestrieted funds
General fund
134,014
157089
R¢5tri¢ted funds
Music hnd
Fabric fimd
Cathedral Renewed fund
Digital Development
98,942
48
123,844
48
98990
J54 186
Tot*1 Income
233 004
312 075
Trust Donors and Charlties
Developing relationsbips with lo¢al and national charitable trusts and other donors is an ijnportant part of Ihe work of the Trnst.
A rnusic appeal was also Ihe core focus for ¢n¢ouraging donations, in support of ongoing chorister reuuitment and traiDing as part
of PToje¢t Phoenix. The rnusic appeal will be a key focus for fundraising in 2025.
Patron members amd doDatioD$
There are a number of patron schemcs which enable companies and individuals 10 support the development of the Cathedral. The
current scheme includes SL Wilfriil St. P¢¢cr, St. Etb¢ldr¢d4 SL Cha4 St. Hijd and Sponsor a Chorister opportuniti¢&
DuTing 2024 patron's numb¢ts remained stable, with patron's events including a very successfuI St WilfTid's Banquet and a very
convivial ChrAsthias lun¢h at Rllddittg Park.
Staff voluntsers
As well as the day to day nu)ning of the Tn￿ the work and Gampaigns rely heavily on the generous and loyal 6UPPOrt of many
volunteers. including over 70 volulltecrs at th¢ Sprin£ and Christmas Fairs and Beer Festival.
The Th1￿CeS are very grateful to the staff, past and presenL ambassadors and voluntecrs and would like ¢0 thank them for the greal
contribution they make to the succcss of the OTganization.
Pag8 5

RIPON CATHEDRAL DEVELOPMKNT CAMPAIGN
TRUS fEESI REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 21124
Structure, Governanee and Managemtttt
Constitution
Ripon Cathedral Dcv¢lopment Campaign is constityted under a TTUSt Deed dated 10 April 2001 and 15 a Registered Charity
(Number: 1086760).
In 2019, the trnSte￿ decided to chaDg¢ the trading naTne of the Bipon Cathedral Developmcnt Campaign to liipon Cathedral
Devclopmcnt Ttust. The TNst believes this better reflects the ongoitig natUTe of the work involved in tneeting its airns and purposc.
Ils legal identity T¢mains Ripon cat1￿]raI Development Campai8n. The 'working name, be¢n registered with thc Charities
Commisslon.
Public BeDeflt
The Cath¢dral is open to the public evcry day of the yeaT. There is a program of public worship) prayer &nd other activities
throughout the year. This includes exhibitions, ¢vents and conccrts whi¢h also support the wider community.
From l April 2008, section 4 of thc Charilies Act 2006 requires all charities to nieet the Icgal requirem¢llts that its aims aTe for the
publi¢ benefit. Th¢ Charity Commission in its"Chariti¢s and ￿blaC Bencfit" GuAdance states that there are two key principles lo b¢
met to show tbat all organization's aims are foy the public benefit: firstly, there Jnust be an identifJabl¢ benefit and secondly, that Ib¢
benefit must bc to the public or a section of the public.
The trnstees confm that thcy h&ve complied with the duty in Section 4 of the Charities Act 2006 to have due T¢gard to the public
benefit Buidance published by th# Conunission in delerniinfftg the actiYiti¢s Undertaken by th¢ Charity. The tNsle¢s are satisfied
that the aims attd obje¢tive$ of the Charity and thc activities reported on above to achieve thosc aims. meet these priTh¢ipl¢s.
OrgaDisatlon
]n Fcbruary we said farewcll to ReV￿elld Nicholas merc￿ who rrtir¢d as Chair, the Trustees would like to thank him for his great
ontribution to the charity. In Junc we welcomed Mitchel lll£bam- BaTrow as the new Chair, a list of all Thstees Can be found on
page 2.
Under th¢ De￿ of ThisL. the power of appointm¢nt of new lTU￿CeS is vested in th¢ Dean and Chapter in consulthiioD with the
Chairnlan of the Trnstees. Togetber, thcy shall use their best ¢ndeavors to cnsurc tbal the numbcr of trustees shall be maintained at
Dot less than four and at least one of tbeir member shall be a member of thc Chapter of the Cathedral.
Management
As at De¢ember 2022, the Tn￿ no longer bas ￿DP10Yees, with support being provided directly by staff employ￿ within the
Development Depknent by the Chapter of Ripon Cathedral, led by tbe Director of Development.
Risk Mallagem¢nt
The trnstees hav¢ examined th¢ major Strategic, business and opcrdtional risks which the Trnst faces And confinn tbat sysl¢ms have
been ￿tablished to eDable regular reports to be produced so that the D¢¢essary steps Can be taken to minirnize these risks.
The major short-temi rlsks identified aTe=.
a) Loss of inconc- our management team k¢cps a close ¢y¢ on memberships and the performan¢e of its events
programme to ensure it can forecast incom¢ aod monitor chan8¢s and trends. The Érnstees revi￿ its minimum
T&8ervas policy rcgularly to ensure the Trust can remain solvent at ail tirnes.
b) Investment nsk- the Trust limits lDveskneDI risk by holding most of its funds as cash investments.
c) Sy8t¢ms & data risk- there 15 a necd to maintain our ￿ systems and to ensure Ibat staff can operate aod utilize its
functionality. Th¢10ss of data thro￿g￿ a Cyber-attack is a recognized dattger so we maintain PToce(lure8 and software
to r¢duce this risk to a nilnimu￿.
Page 6

IUPON CATHEDRAL DEVELOPIWIENT CAMPAIGN
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
d) Reputational risk- the TrL￿t monitors and is aware of its financial position, the appropriaten¢ss and risk profilc of ils
events and activities and its sour¢es of income. Strict procedures and policies are in plaGe for safeguarding statt,
volunteers and tbe public.
e) Key staff risk- the dependance of the Trust's sU¢¢¢Ss￿l events and merrtbership programmes Telle5 on a very small
team. This risk is frequently Teviewed by the truslces.
Outlook
The Trust has had a very successful year despit¢ th¢ cost-of-living crisis and inflation which have made conditions so difficult,
economically.
As always, it is hoped in 2025 that we can incre&se our income from events? patrons and giving and that newly appolnted trustees
will bring energy and new vision to the TTU8t.
The tNstees are ¢onfident that the Trust ha5 5uffici¢nt funds available to continuc sU￿¢SS￿lIY for the foreseeable and
continues to keep its fRnanc¢s under constant review.
Approved by order of the membeTS of the Ripon Cathedral Development Trust Board of Trustees and signed on their behalf by..
Date..
OS J(Jne ZOZ5
AndreTV Kitchingman
Page 7

RIPOIY CATHEDRAL DEVELOPMENT CAMPAIGN
rNDEPEIYDENT AUDITORSY REPORT TO THE TRUSTEES OF THE IUPOiY CA THEDRAL DEVELOPMEf4T
CAMPAIGN
Oplnion
We hav¢ audited thc fmancial stalements of The Ripon Cathedrnl Dev¢lopment Campaign (the '¢haTity') for the y¢ar ended 31
December 2024 which Comprise the stat¢m¢Dt of fman¢ial activities, tbe balance sheet and the related notes, iucluding a summary
of signifjcant accounting po]icies. The financial reporting framework that has been appli¢d in their preparation is applicable law
and Unitsd Kingdom Accounting Standard& including Financial Reporting Siandard 102 The Financial Reporting Standard
app]icabl¢ in the UK aJ]d Repub]ic of Ircland, (United Kingdom Generally A¢G¢pt¢d Accounting Practi¢¢).
The financial ststements havc been prepared in a¢cordanc¢ with Accounting and R¢portlDg by C]LaTilies Preparing their accounts in
accordance witb the Financial Reporting StaDdants applicable in the i]K and Repub]ic of tr¢laDd (FRS 102) in pieference to th¢
Accounting and Repor£tng by Charities: Statement of Recommended Practi¢¢ issued on l April 2005 which is ref¢rred to in ihe
extant regulations but bas bccn withdrawn.
This bas been done in OTder for the accounts to provide a true and fair view in accordanc¢ with the Generally Accepted Accounting
P￿tice effective for reporting period6 bcginning on or after J January 2019.
Jn our 47pinion the financial ￿ateMents.
give a ttue and fair view of the state of tbe chaTity's affairs as at 31 December 2024 and of its incoming resources and
application of resources forthe year th¢D ended.
hav¢ been properly prq)aTed in accordance with United Kingdom Generally Accwted A¢¢ounting Practice. and
have been pr￿ared in aw)rdance with Ibe requirements of the Charities A¢1 2011.
Basis for opillAon
Wc conductcd our audit in accordallcc with Int¢rnational Standards on Auditing (IJK) (ISAS (UK)) and appli￿ble law. Our
respoTAsibilities under those standards are fiyther described in the Audilors, responsibilities for the audit of the financial staternents
section of our report. We are independent of the C￿lty in accordance with ihc ¢thical requirements tbat are relevant to our audit of
the f￿ancial statements in the Unit¢d Kingdom, including tbe Firjancial Reporting Council's Ethica] Standard, and we have
fulfilled our otber ethical responsiTr)ilities in accordance with these requirements. We beli¢ve that the audit evidence we have
obtain¢d is sutYici¢nt and appropriate to provide a b&sis for our opinion.
Conclusions rdatlng to golng con¢ern
Jn auditing the financial staternent$, we have concludcd that the Tzustee5' Use of the going concern basis of accountin8 ill tbe
preparation of the financial staten]ents is appropriate.
B&8¢d on the work wr have performc(L we have not identified any Mat￿1&1 un¢¢rtainties relating to events or conditions that,
individually or collectivcly, may wt significant doubt on the chariV$ abiJAty to contlDue as a going concern for a period of at lea
twelve months from when the financial staternents are authorised foT Issue.
Our re4)Q￿SIbIlities and the respoDsibilities of the Trustees with respcrt to going concan de5crib¢d in the rel¢vant sections of
tbis report,
Other iDform&tion
The other iDforniation comprises the inforn)ation included in the annual report other than the f￿ancial stat¢m¢nls and our auditors,
report thereon. The Truste￿ are respoDsiI)le for the other inforna¢ion contained witbin th¢ annual report. Our opinion on the
fmancial statanents does not cover the other ?nforniation and, exccpi to the extcnt othcNise explicitly stated in our Teport. we do
not express any fomi of as5UTancc conclusion thereon. Our responsibility is to read th¢ other infornMtion and, in doing so, consider
wh¢th¢T tbe other infonDatioD is materially inconsi5tenl with the financial statements, or our knowledge olrtained in the course of
the audiL or oth¢rwise appears to b¢ materialty misstated. If wc id¢ntify such rnat•ial inconsistencies or apparent material
misstatement4 we are required to deterniinc whether this Elves rise to a material mis￿at¢M#At ID the fllwicial statements
Page 8

RIPON CATHEDRAL DEVELOPMENT CAMPAIGN
INDEPENDENT AUDJTORS, REPORT TO THE TRUSTEES OF THE RIPOIY CATHEDRAL DEVELOPMENT
CAMPAIGN
themselves, Ir, based on th¢ work we have perfomed, we conclude that there AS a mateJial misstatement of tbis othcr iDfoTmation,
wc aTe required to ryort tbat fact.
We have nothing to report i]L this fe2aTd.
Matters on which we are required to report by exceptio
In the light of the knowledge aThd underst&DdiDg of thc chatity and its cnvironm¢Dt obtained in the coursc of the audit. we have not
identkfjed material mRsstatemeDts in the trnste¢s' report.
We have nothing to report in respect of thc following rnattcTS where the Charitics {Accounts and Reports) Regulations 2008
requires us to repoTt to you if. in our opinloll:
the infoTmation given in the Tru5tccs' rcport is inc4JllsAStent in any material r&wt with the financial statements. or
sufficient accounting rccords have not been kepL or
the fmancial statements are Dot ID agreement witb the accounting Tecords and rcturns. or
w¢ hav¢ not received all the infonnation and explanations we require for our audit.
Responslbilities of trustees
As explained more fully in the tru51ees' responsibilities ststejnent, the Trustees are responsibl¢ for the PTeparation of the financial
statements which give a true and fair view, and for su¢h internal control as the Trustees dctcimine 15 necessary to enable the
preparation of financia] sta¢etnents tha¢ ar¢ fre¢ from material misstaternent, whethcr due to fraud or c￿Or.
In preparing th¢ financial statements, the Thistees arc responsiblc for assessin8 the charity's ability to continue as a going concern,
disclosing, as applicable, matters related to going concenL and using the going Concern basis of a￿OUntIng unless the Trusl¢¢s
either illtend to liquidate the charity or to ¢e&se operations, or have no rea]istic alternative but to do $0.
Auditor5, responsibilities for the audit of the fin#nd81 ststemeDts
W¢ have been appointed as auditor under section 145 of the Charities Act 2011 and report accordance with the ACÉ and relevant
regulations made or having effect thereunder.
Our obje¢tives are to obtaiffj reasonable assurance about whether the financial statcments as a wbole are free from rnateTiat
misstatemcDt, whetber due to fraud or enDr, and to issue an auditOFS' report that illcludcs our opinion. Reasonabl¢ &8SUfdnce is a
higb level of assurance. but is not a guaTantec that an audit ￿ndllctCd in accordance with ISAS (UK) will always detect a mataial
rnisstatcmcnt when it exis￿ Misstatcmcnts can ￿ls¢ from fr￿d or e￿Or and ar¢ coDsidered material 1£ individually or ID the
aggregate, th¢y could reasonably be ¢xpcctcd to influcncc the economic decisions of useTS taken on thc basis of these fi]Lancial
statements.
JTregularities, illcludinE fr&ud, gre instan¢es of non-compliance with laws and regulations. We design pToc(xluT¢s in linc with our
re¥onSibiliti￿. out]ined abov4 to detect material mi&%tatcmcnts in respect of irregularities, includiDg fraud. Tbe extent to whiGb
our procedur￿ are capable of detecting iTre8ulariti£% including fraud is dctailcd below.
Our approach to identifying and asse&8ing the risk8 of rnateTial misslatemcnt in respect of ITrcgul￿1tiC4 induding fraud and non-
cornpliance with laws a]Ld iegulations. was as follows:
the eDgagcrnellt partner ensure41 that the engagement team collcctivcly had the aPPTopriate competence, Capabiliti￿ and
sktlls to identify or recognise non-compliance with applicablc laws and regulation8, such as the ChaTities Act 2011.
we identified the laws and regulations applicabl¢ to the Ch￿lty througb discussion5 with TDJSte¢s and other managemenL
we assessed the extent of compliance with the laws and Te8ulatioDs identified above through maknng enquiTi￿ of
managemeni" and
identified laws and T¢gulations were cornmunicated within th¢ audit tsam regularly and th¢ team remained ai¢rt to
instances of non-cornp]iance throughout the audit.
Page 9

RIPON CATHEDIiAL DEVELOPMENT CAMPAIGN
INDEPENDENT AUDfToRSJ REPORT TO THE TRUSTEES OF THE WPON CA THEDRAL DEVELOPMENT
CAMPAIGIY
We ￿eSSed tbe susceptibility of the Charitys fmancial statements to llmterial misstatemenL including obtaining an uaderstanding
of how fraud occur, by:
making enquitics of management as to where they considered there was susceptibility to frau4 their knowledge of actual,
susp¢¢t¢d and alleged fraud. and
considcring the internal controls in place to mitigat¢ Tisks olfraud and non-compliance with laws and regulations.
To address the risk of fraud tl)rough managcment bias and override of controls. we:
perfornied analytical proccdurc5 as a risk ￿SeSsMent tool to identify ally uJ]usual or unexpecte41 relationslLiPS"
tcstcd journal entri&s to identify unusual transactions,.
tested the operating effcctivcncss ofkey controls over kcy transaction cycle5 such as income, purchases and wages" and
reviewed the appliGation of awounting polici&8 including i]Le appliGation of capitalisation of tangibl¢ asscls
Itt re6poDse to the risk of irregularities and non-¢ompliaDce with laws and regulations, we desI￿ed prOcedu￿S which included, but
wcrc not limited to:
agreeing financial statemcnt disclosures to underlying supporting dowr[LentatiO￿ and
enquiring of management as to actual aod potential litigation and claims.
Due to the inh¢r¢nt limitations of an audit, there is an Unavoidable risk that we may not have deteLtcd some Enaterial misstatetnents
in the financial slaternents, even though we have prOp￿lY planned and perform•1 OUT audit in zccordance with auditing standards.
For example, as with any audil there remained a higher risk of non-det¢¢tion of irregularities, as Ihesc rnay involve collusion,
forgery, intenlional omxssion& misrepresentations, or the QVNTide of internal controls. W¢ are not responsible foT prcventing frdud
OT noncompliance with laws and regulations and camiot be expected to delect all fraud and non-compliance with laws and
regulations.
A fi)rther description of ollr respi)nsibiliti¢8 for the audit of the finarAcial statements is located on tbe Financial Reyorting Council's
website at: www.frc.org.uklauditorsresponsibilities. This description fornis part ofour audiloTS' report.
Use of our report
This rcport is trAade solely to the chaTity's trustees. as a body. in a¢¢ordance with Part 4 of the Ch￿itIeS (Accounts and Reports)
RcgulatAons 2008. Our audit work has been undertaken so that we might state to the charity's tsvstees tbose rnatters we aTf rrquired
to state to them in an auditors, report and for llo other purpose. To the thllest extent pennittcd by law, we do not xccept or assume
rwonsibility to anyone other than the charity and its tmste¢4 as a body* for our audil work, for this reporL or foT the opinions wc
have forme(L
Annstromg WAtson Audit Limlted
Chartered Accoun¢aots & Ststutory Auditors
Northall¢rton
Date:
OS Tune ￿£S
Arnistrong Watson Audit Limited are eligible to act as auditors in tenns of section 12E2 of the compani￿ Act 2006.
Page 10

RIPON CATHEDRAL DEVELOPMENT CAMPAIGN
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Restricted
Funds
2024
Unrestricted
Fund$
2024
Total
Funds
2024
Total
Funds
2023
Note
Inco]ne from:
Donations and legacies
Ottler tradÉng activities
tnvestrnents
98,990
8,416
121,455
4,143
107,406
121,455
4,143
165,259
143,677
3,139
Total Income
98,990
134,014
233,004
312,075
Expenditure on:
Charitable activities
64,326
235,158
299,484
334,181
Total expenditure
64J26
235,158
299,484
334,181
Iyet movement in funds
34,664
{101,144)
(66,480)
(22.106)
ReconciliatioD of tuDds:
Total Funds brought forward
Net movement in funds
187,829
34,664
127,918
(101,144)
315,747
(66,480)
337,854
(22,107)
Total fund$ carried forward
Z22,493
26,774
249,267
315,747
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 13 to 20 form part of these fllwicial ststem¢nts.
Page 11

RIPON CATHEDRAL DEVELOPM￿ CAMPAIGN
BALANCE SHKET
AS AT 31 DECEMBER 2024
2024
2023
Note
Cllrrellt assets
Debtors
Cash al bank and in hand
5A08
246985
22,600
307,645
252?93
330,245
Creditors: amounts falling due Thithin one year
(3J26)
(14,498)
Total asgets less current li*billtfes
249267
315,747
Tijtal net assets
249,267
315,747
CbArity fi]nds
Restricted ￿Thds
UnTestiicted funds
io
io
221493
26,774
187,829
127,918
249,267
315,747
The fllHicial statements wer¢ approved and authoriKd for issue by the T￿SteeS and sisned on their behalf by.
JO]￿ Dobson
,. 03 fufie 202S
The notes on pages 13 to 20 forni part of th￿ financial statements.
Page 12

RIPON CATHEDRAL DEVELOPMENT CAMPAIGN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Ac¢ounting polleles
1.1 Basis of PTep8rlDg the finnncial st*temeDts
These ￿nar￿ClaI statements have been prepared in compAiallce with FRS 102. 'The Fillancial Reporting Stsndard
applicable sn the UK and Republic of Jreland.. thc StateJnent of Rccorntnendcd Practice applicablc to ebarities prepating
thcir accounts in accordanc¢ with tho Finan¢iaI Reporting Standard applicable in thc UK and R￿UbliC of Ireland (FRS
102) {(]]arities SORP (FRS 102)) and the ChaTitics Act 2011. (FRS 102) (cffcctiv¢ l Jalluary 2019) the ChaTitics Act
2011.
Ripon Cathedral Development Campaign meets the definitioll of 2 public benefit entity uuder FRS 102. Awls and
Itabililies ar¢ initially recognised at lustori￿ cost OT transaction value unless Othenvise Stat￿ in tbe relevant accounting
poli¢y.
1.2 GOIDE concerD
Th¢ Board of Trustee5 has assessed the histori¢ financial PerfOrn￿nce of the TTU8t and fjjture plans. Given thc T￿st I
limited cornmitted obligations for the period to at least twelve months after the date of the aPPToval of Ibese accounts, and
significant ¢ash holdings that il ¢ould utiliso at short notice that 1$ rnore likely than not to exceed any obligation, the
trustees are satisfied from this review that the Trust remains a going Goncem. The financial statemmts have besll prepared
on that basis accordingly.
1.3 Finanelal reportlng standard 102-redu¢ed disclosure exemptlon8
Th¢ TNst has taken advantage of the following disclosuTe exemption in preparing these fmancial Statement4 &g peTmitted
by FRS 102 'The FiLancial Rq)orting Standard applicable iji the UK and Republi¢ of Ireland,.
the requiranellts of Section 7 Statement of Casb Flows.
1.4 ID¢ome
All income is recognised in the Statemcnt of Finallcial Activiti￿ once the Trust has an entitlernent to the ￿nds, it is
PTobablc that the iucome will be receive￿ and the aJnount can be measured reliablc. Jncome t￿ recoverable in Telation to
investrnent incornc is recognised at th¢ time the investment incom¢ is receivabl¢.
1.5 Expenditure
Liabilities are TecogDised as expenditUTe as soon as thcTe is a legal or constructive obligation committing thc Tru￿ I1￿£
expenditUTe, a transfer of cconomic bcnefits will probably be ffequir￿ in settlen)ent and thc amount of the obligation can
be measured reliably. Expenditure is accounled for on an accrnals basis and has been classified widcr hcadings that
ggrega¢e all cost Telated to the category. WheT¢ costs cannot be directly attributed to particular heading8, they have been
allocated to activities on a basis consistent with the use of resource8. Expenditurs on cbaritabl¢ activi1i¢5 is incurred on
dir¢Gtly undertaking the activitics which fiJrth¢r the Charity's obje¢tives, as well u any associat¢d support costs.
1.6 Debtors
Trade alld other debtors are TeGOEnised at thc settl¢ment amount after any trade disGount offcre(L PTepaynents aTe valued
at the amount pr¢paid net of ally tTad¢ discounts due.
Pasc 13

RIPON CATHEDIL4L DEVELOPMENT CAMPAIGN
NOTES TO THE FINAF4CIAL STATEMENTS
FOR THE YEAIi ENDED 31 DECEMBER 2024
Accounting pollcies (¢ontlnued)
1.7 CAsb at bank and hand
Cash at bank and in hand includes cash and Short-le￿ highly liquid invcstments viith a short niathrity of three months or
le&8 from the date of ac44UiSition or opening of the dqjosit or SIm￿ar account.
1.8 Liabilities and provislon$
Liabilities are reco2nised when th¢T¢ is an obligation at thc balance sheet date as a result of a past event, a transf¢r of
c￿noMiC bcnefit will be required in s¢ttlemenL and the amount of settlement CAU be ￿tInIated Teliably. Liabilities are
recognis¢d at the xmount that the Thst anticipates it will pay to settle the debt or the amoullt it has received as advall¢ed
payments for th¢ goods or seTVTces it must provide.
Provisions ar¢ measured at th¢ best estimate of tbe amowlts requir￿ to settlc tbe obligation. Wh¢re the effect of the time
value of rnoney is material, thc provision is based on tb¢ piesent value of those arnounts, discounted at the pre-t&Y
discount rate that reflects th¢ risks specific to the liability. Th¢ unwinding of thc dI￿oullt is recognised in the statement of
rinallcial aetivities as a flllance cost.
1.9 FiDanelal lllstruments
The Trnst only has financial assets and liabi]ities of a kind tha¢ qualify as basic fiLao¢ial instrument& Basic financial
instrum¢nts arc initially reco£nise4 at transaction valu¢ and subsequently measured as thciT settlement value with the
exception of bal￿ loans which are subsequently rneasured at amortised cost using the effe¢live inteIest method.
1.10 T*xatlon
The charAty is exempt from on its chaTitable activitics.
l.lj Fund accounting
Unrestricted funds can be uscd in accordance with the charitable objectives at the discretion of the trnstees. RestiictrAI
nds can ODly be uscd for particular restricted putpnses within the objects of the Trust. Restii¢tions arise when speoified
by the donor or whert fvnds are raiscd for pthicular restrictcd purposes. Furtbcr explanation of the natllTe and purpose of
eaGh fLwd is includcd in Ib¢ notes to the financial statcments. ILvesknent income, gains and losses arc allocatcd to Ihe
appropriate fun(L
1.12 Pension ¢osts alld other p05t-retlrement benefjts
The Trust operates a defined contribution pension Scheme. Contriblltions payable to the Trust's pension schfflnc a
Charged to the Staternent of Financial Activities in the period to whi¢h they relate.
Page 14

RIPON CATHEDRAL DEVELOPMENT CAMPAIGN
NOTES TO FINANCIAL STATEMENIS
FOR THE YEAR ENDED 31 J)ECKMBER 2024
Z Income from other trading actiVKties Income from fuDdraisiDg events
Unrestricted
Funds
2024
Total
Funds
2024
2024
Events and ￿ndra￿l￿g
C1￿1$t￿29 card sales
SOCI￿ lotteries
Group tours
120,075
120,075
lJ80
LJ80
Totsl 2024
121,455
121455
Totsl
Funds
2023
Funds
2023
Events and fundraising
ChTiStmas wd sales
Social lotteries
Group tthirs
141J9
262
1,690
476
141,249
262
1.690
476
Totsl 2023
143 677
143 677
3 Investment Income
Unrestrieted
Funds
2024
Total
Funds
2024
D¢poslt a¢eowit int¢rest
4,143
4,143
Total
Funds
2023
Ftmds
2023
Deposit account intetrsÉ
3,139
3,139
Page 15

RIPON CATHEDRAL DEVELOPMKNT CAMPAIGN
NOTES TO THE FINANCIAL STATEMEF4TS
FOR THE YEAR ENDED 31 DECEMBER 2024
4 Support costs
2024
2023
Managcment
Finance
Governance
169
2,940
380
2,460
3.109
2.840
Jn a¢cotdanc¢ with the Thist's investment po]icy, th¢ truste￿ have decided not lo charg¢ a
managernent fee thk8 ycaT to any restricted fi￿dS (2023. £Nil)
5 Charitsble costs
The has rnad¢ donations of £259,126 (2023.'£226,327) in total to the Cathedral. This includes £NIL (2023: £5,000)
to support tbe Cathedral Renewcd project.
6 Auditor's Temuneration
2024
2023
Fees payable to the Ch2ritys auditor
for the audit of the Charity's annual accounts
2,940
2,460
7 Tn￿t￿, remvnerAdon and expenses
During the year, no ThstCC8 TeceivpJl any remuneration or other benefits (2023-£NIL}.
DurAng the year erAded 31 D￿¢￿ber 2024, no TTUStee expenses bav¢ been incurted (2023 - £NtL).
8 Debtors: Due witbln ODe year
2024
2023
Other debtors
5,408
22,600
9 Creditor$:Amovnts fHlliDg due withiD one year
2024
2023
Trade Creditors
Other credA¢ors
AccNal aT)d derf￿e￿I income
32
3W4
14.498
3,126
14,498
Page 16

IUPON CATHEDRAL DEVELOPMENf CAMPAIGN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10 ststement of thnds
Statement Df fllDd5- eiirrent year
Balance at I
January
Balance at 31
December
2024
21124
ID¢ome
Expellditure
UDrestrArted funds
General funds
127,918
134,014
235,158
26,774
R45tricted fullds
Music Fund
181J84
98942
64026
216,iMbO
Fabric Fund
6,435
48
Cathedral Renew
(394)
{394)
Digital D¢velopm¢nt
404
4114
187
29
26
222.493
Tot#l of fllDds
315 747
249267
Description of funds
General fund - to be used tovMTd$ the n￿]ll ov¢rall objective of the Trust.
Music fund- to secure the financial ￿tr]re of Dwsi¢ at the Cathedral.
Fabric fuThd - to S¢CUTS the fabric of the Cathedtal for futurc generations.
Ripon Cathedral R¢newed fimd- to develop the cathedr￿ to be fit for the 21st Century.
Digital Development- A specific grant receiv¢d to wpport a new digital a5SiStant.
Page 17

BJPON CATIIEDRAL DEVEtA)PMENT CAMPAIGN
NOTES TO THE FINANCIAL STATEMENTS
FOR YEAR ENDED 31 DECEMBER 2024
10 Statsn￿Dt of funds (continued)
Ststement of funds- prior year
Balance at I
January
2023
Bth¢e At 31
December
Inconhe
2023
UDre5tri¢ted funds
General fimds
197,110
157,889
227,081
127,918
Restrlcted funds
Music Fund
119.672
123,844
62.131
181,385
Fabric Fwid
6,387
48
6,435
Cathedral Renewed
4,606
5,000
(394)
Digila] Devdopment
10,079
30294
39969
404
154 186
107 100
187829
Totsl of funds
337,854
312075
315 747
11 Summary offunds
Ststsmellt of funds - currenl year
Balance at I
Jgnuary
2024
Balan¢È At 31
December
2024
Ineome
Expenditure
General funds
127Jl8
134.014
235,158
26.774
Restricted fvnd6
187*29
9&990
64J26
221493
315 747
299
83
249
67
Page 18

RIPON CATHEDRAL DEVELOPME1￿ CAMPAIGN
NOTES TO FIIYAIYCIAL STATEMENTS
FOR YKAR ENDED 31 DECEMBER 2024
11 Summory of funds (continued)
Statement of fund$- Prlor year
Balan¢e #t I
Jattuary
2023
BAIADce at 31
December
2023
Income
Expenditure
General fimds
197,110
157.889
227,081
127,918
Rcstsi¢te4 fi]nds
140,744
154,186
107,101
187,829
337 854
312075
334 182
315 747
12 AD&tysis of net assets b¢tweeD funds
Analysis of nel assets between funds - current period
2024
R¢strlcted
Funds
2024
ULre$trl¢ted
Funds
2024
Total
Fuod5
2024
Current assets
222,493
29,900
252J93
Creditors du¢ within onc year
(3,126)
(3,126)
Tthal
222,493
2fj774
249￿7
Anatysis of net assets between fimd5 . prior pulod
2023
Restri¢¢ed
Funds
2023
Unre%trkted
Funds
2023
Total
Fullds
2023
187,829
142,4l6
330,245
Creditor5 due within one year
(14.498)
(14,498)
Total
187,829
127,918
315,747
Page 19

RtPON CATHEDRAL DEVELOPMENT CAMPAIGN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13
Related PArty transaetlong
There was a £NIL (2023:£Nil) contribution to the manage￿ent of the TTUSt by the Ripon Cathedral
Music Thst in the year ¢nded 31 December 2024.
Tbere were ￿ of £253,775 (2023:£223,000), and facility ft¢s of £3 J27 (2023..£3,327) paid to the Chapter
of Ripon CatheJral in the year ended 31 De¢ember 2024.
The POW￿ of appointmcnt of new trUSte¢s in vested in the Chapter and the Chapter h&8 iDdemnified
the trustees against liabilities arising from third paty claims.
Rental contribution5 of£3,024 (2023:£3,024) werc paid io Thorpe Pr¢bend House Trnst.
Page 20

RIPON CATHEDRAL DEVELOPMENT CAMPAIGN
Income and Expenditure Account lor the Year EDded 31 December 2024
2024
2024
2023
2023
llVCOM
Incornc Donations and legaGies
Evenls
Christzuas card sales
Social lotterics
Group Tours
Deposit a¢¢ount interest
Grant Income
107,406
120,075
134,965
141249
262
1,690
476
3,139
30.294
lJ80
4,143
233,004
312.075
Gross income in the reportlng period
Less:
Fundralslns and ¢harAtable *ctivities
Patron ￿penSeS
Evenl fundraisillg costs
Grant - Digital Volunteer
To Cathedral Chapter
Cathedral Music
Organ scholar
CathedTal Renewed proj¢at
135D Celebrations
Dulvcrton Trust
Calhedral Support funding
233,004
312,075
J,296
33,979
950
59,979
39,969
30,000
3482J
30,000
31,000
5,000
189954
157,(K)O
288,050
323,899
Support costs (MRnAgemeDt)
Salaries
Pensions
239
350
575
1,078
3,024
336
SUTance
547
Sundrie5
Rent
Subscription$
Stationery & postage
Professional Fees
Rcfvrr contribution
txgacy expenses
3,024
3J27
3,354
209
182
8024
7,443
Finanre governance e05ts
Bank clwges and interest
Audit
169
2,940
380
2,460
3,109
2,840
Tot￿ expenditure
299,483
334,182
SuTpIu81 {d¢fi¢it) for th¢ reportlng period
(66,480)
{22,107}
The nots on pages 13 to 20 fomi part of these financial statcmenls
Page 21