REGISTERED CHARITY NUMBER: 1158340
Report of the Trustees and
Unaudited Financlal Statements
for the Year Ended 31 December 2024
The Dean and Chapterof Bangorcathedrnl
Salisbury & Company
Chartered Accountsnts
Irish Square
Upper Denbigh Road
Sl Asaph
Denbighshire
LL17 ORN

The Dean and Chapter of Bangor Cathedral
Contents of the Financial Statements
forthe year ended 31 December 2024
Page
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financlal Statsments
9 to 17
Detsiled Statement of Flnanclal A¢tivitles
18

The Dean and Chapter of Bangor Cathedrnl
Report of the TrusteÈs
for the year ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 De￿rnber 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practi
applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ire12nd IFRS 1021 (effective 1 January 20191.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The primary charitable objectives of the Dean and Chapter of Bangor Cathedral are lo fulfil the mission and ministry of the
Church in Wales Ipasloral, evangelistic and sociall in the City of Bangor. The Cathedral also serves the DI0￿Se of
Bangor, a large area of North and Mid Wales. Throughout the perif)J CoVe￿d by this report it also held national
responsibilities as metropolitan seal for the Archbishop of Wales.
The biggest allo￿tIon in the Chapter budget is for stsffing and associated costs. However we also make a significant
Contribution to add￿Ssing poverty and social isolation through our Food Bank and Wami spa￿ projects, offer further
volunteering, musical education and family activities with our choir. children's wort(ers and visitor welcome teams, sustain
an extensive programme of worship and cultural events and maintain a large Grade 1 Listed building which welcomes
hundreds of pilgrims, tourists and our own diverse congregations. We have particular ￿mmItMent to Welsh language
provision, including worship tailored lo the needs of language leamers. and lo the full inclusion of LG8TQ+ people.
Bangor Cathedral and ils site are of huge historic and cultural signifie2n*. In partnership wlh Bangor City Council. 2025
will see us celebrate 1500 years Sin￿ St Oeiniol first gathered a Christian community wrthin the Bangor (fen￿d enclosu￿)
from which the place we now serye gets its namè.
Public benefit
The Dean and Chapter of Bangor Cathedral provide charitable benefft to the public by..
%)romoling Christian values, and Servi￿ by members of thè Church in and to their communities, for the benefit of
in<iividuals and Society as a whole
roviding facilities for public worship, pastoral care aftd spiritual development, both for its members and for anyone who
wishes to benefit from what the Church offers
-responding to poverty, soaal need, isolation and inequality
The Iruslees have paid due regard to the Charity Commission's guidan￿ on publi¢ benefit in deciding the activities
undertaken during the year. The trustees are satisfied that the infornation provided in the annual report and financial
statements meets the public benefit reporting ￿QUi￿rnents.
Page 1

The Dean and Chapter of Bangor Cathedral
Report of the Trustses
for the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During 2024, highlights included the ordination and ¢onse¢ration seNices for the new Bishop of Si Davids and the first
Bishop of Bardsey (Assistant Bishop in Bangorl. We hosted a traditional Welsh 'Plygain' carol service and continued lo
develop our offering of Welsh language music with new umposilions. A devotional perfomance of Handel's Messiah was
offered by the Cathedral Choir In collaboration with 8angor University Symphony Orchestra.
During the season of Lent the Counal of Christians and Jews led study sessions each week, to deepen our understanding
of Judaism to further interfaith dialogue and improve Chrislsan-Jew5h re131ions. Building on the Lent study days, Dr James
Roberts from the Council for Christians and Jews also delivered the 2024 Margaret Thrall Memorial Lecture in May. A
lecture was also delivered during Lent by Canon Dr Robin Ward, Principal of Si Stephen's House, Oxford, on 'Creeds.
Councils and Controversies.. On Good Friday 2024 we hosted a devotional concert to p￿rnIere previously unpublished R
S Thomas poems set to newly composed musi
The Enid Pierce Memorial Lecture in Welsh History and Culture was delivered by Dr Meg Ellis in April. A symposium on
the theme of 'Medieval Welsh Literatu￿ and Clynnog Fawl was held in the Cathedral during September, as well as the
City of Bangor Civic Servi￿, and the Di0Trsan Conference. Ortober saw the Cathedral play host lo the Tafftnnon Festival,
festival of religion and arts with a focus on river5 and the environment, through music, poetry, visual art and history.
Pudsey Bear visited the Cathedral wth Aled Hughes from Radio Cymru for Children in Need in Novemberl To laun¢h the
beginning of our *lebrations to mark the 1500 anniversary of the founding of the Cathedral by Si Deiniol in 525. all the
bishops of Wales attended a special service in December and to honour this significant anniversary the Cathedral was
chosen and honoured to feature in the Royal Mail Christmas Stamp collection with images of five Cathedrals in the UIQ
The Cathedral also featured in a SFecial Christmas episode of Dechrau Canu Dechrau Canmol on S4C.
"Camau Bach" family project conb'nued throughout lem time, welcoming 15-20 families every week and giving a chance
for parents with young babies and children lo chat, visit the Health Visitor for baby weigh ins and advice whilst having
dnnks and crumpets. We welcomèd in outside groups promoting health, play, baby massage and Welsh.
Our Anna Chaplains (offering pastoral care lo the eldertyl have taken rnonthly services in a local assisted living facility and
local Nursing home whilst also caring for the spiritual needs of our older congregation.
We had a mix of 12-14 services throughout the week, induding Moming Prayer. Eucharist and Evening prayer alongside
occasional offi￿.
Our work with outside organisalions induded a Civic servi￿ to welcome the new Mayor. services to celebrate 200 years
of the RNLI. a Battle of Britain Service and Rem&mbranc8 serwi￿ and a SANDS servic* for people who have lost
pregnancies or babies.
Our Canon for Congregat'onal Life worked alongside the City Council as Mayorfs Chaplain. linking the cathedral and local
counals moving towards closer working relationships.
We have al$0 welcomed many groups into the cathedral for tours and hired aul the building for eon¢*rts to charities and
other organisations.
We have worked closely with our church schools, taking an active part in Govemance and assemblies or classroom-
based leaching.
During 2024, the Cathedral continued to operate the Foodbank as well as offering free weekly lunchtime ￿¢It81$, 'Duw a
Dysgwyrf seNices for Welsh leamers and a daily welcome to visitors and students.
The Foodbank makes a genuine difference lo the lives of people living in povety. The figures below demonstrate the
impact. During 2024 there were three teams operative. and up lo 30 volunteers. The foodbank was open for three sessions
week. In 2024 there were 1832 total visits. feedin9 2213 adults. and 766 children Ilotal 29791. These figures include
repeal visits and refugeeslasylurn seekers acoounted for 562130P/ol of totsl visits. The packs provided were 1329 Isinglel.
484 (emergency), 295 Ifamilyl, 70 Ino cook) and 30 Ivegetsrianl making this a total of 2209 packs distributed.
Page 2

The Dean and Chapterof Bangor Cathedrnl
Report of the Trustees
for the year ended 31 December 2024
FINANCIAL REVIEW
Financial position
Results
The operational ￿tsu￿s of the charity for the year were..
2024
£144,525
{£290,831)
{£146.306)
2023
£305,267
1£382.1691
1£76.902}
Unrestricted income
Unrestricted expenditure
Net operational deficit
The overall results of the charity for the year y￿re..
2024
{£146,306)
£20,839
{£125.467}
{£145,4681
{£270,9351
2023
1£76,9021
£53,820
1£23,0821
£68.529
1£45,4471
Nel operational deficit
Investment gains
Net movement in unrestrlcted funds (before trdnsfersl
Transfers
Net movement In funds
A detsiled review ofthe charity's funds was undertaken during the period with the following fvnds Iransferred from restricted
fvnds to unrestricted funds to ensure their correct allocation going forward. The funds listed below re￿iVed in¢x)me for
specific purposes during previous finanaal periods which were expended prior to 2024 and as such costs incurred in 2024
have been funded by unrestricted funds.
-music fund
-Thousand candle fund
-choir association
-music Scholars
The three endowment funds held by the charity have been transferred accordingly to a dedicated endowment fvnd category
within the financial statements.
The adrninislration of the accounts is carried out in accordance with the general dI0￿san accounting prdcbce. There is a
system of inlemal control to ensure that thè finances of the Trust a￿ administered wlh probity and darily.
Inveslment performance
The value of the charity's investments remained stable in 2024, though some investments We￿ ￿alised during the course
of the year.
Principal fundlng sources
The principal funding SoUr￿S for the year were..
-voluntary donations from members of the public, primarily from very generous congregational giving at seNices and
donations from visitors lo the Cathedral.
-Grant funding from a number of sources induding the Rep￿sentatIVe Body of the Church in Wales and the Bangor
Diocesan Board of Finan￿.
-Investment income generated from the investments of Cathedral funds and Bank interest
Inve$lment policy and objectives
The trusl*s seek a level of investment income that is able to support a range of important charitable activities at a time of
change, recognising that achieving such a level of income may, in the ca* of some investments, pose challenges lo the
secondary goal of maintaining capital value. The trustees work with their investrnent managers to assess the ethical
dirnensions of their investment portfolio, priorili8ing the use of shareholder rights lo achieve the advancement of a
progressive ethical agenda through the investment portrolio.
Resep4es policy
The Charity maintains reserves to ensure financial stsbility, support ongoing operations, and safeguard ils ability to meet
commitments and respond to unexpected events or opportunilies. Reserves provide a bufferagainst fluclualions in income,
help manage risks, and enable the charity to ctsntinue delivering ils charitable activities in the event of funding shortfalls or
delays.
The Trust*s have agreed that unrestricted free reseNes (excluding fixed assets, designated funds and endowment funds)
should be maintained at a level suffioent to 12 months of unrestricted expenditure in futu￿ periods.
Page 3

The Dean and Chapter of Bangor Cathedral
Report of the Trustees
for the year ended 31 December 2024
Based on the above pnnciples the charity's target reserve policy is calcubated to be..
2024
£405.000
2023
£390,000
Target reserles level
The target reseNes 5evel will be reviewed annually in light of thanging risks, commitments, and finanaal forecasts.
Reserves of the charlty
The reseNes of the charity at the year£nd consist OP.
2024
£88,584
£272,245
£32,120
£150
£476,380
£869,479
2023
£88,583
£310,682
£32.453
£228
£688.319
£1,120,265
Endowment funds
Restricted fvnds
Designated funds
Tangible assets
Free reserves
Totsl reserves
At the year end the chanty's free reseNes did not meet the target reserves level. During 2026 financial forecasts will be
reviewed for the next 3-5 years with the aim of reducing operational deficits and building reserves.
Risk management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems and prO￿dureS
are in place lo manage those risks effectively. Regular reviews are conducted to identify, evaluate, and mitigate risk5
lated to operations, finants. govemance, and extemal factors, ensuring the charity can continue to meet its objectives
safely and sustainably
FUTURE PLANS
2025 will be the 1500th anniversary of the foundation by St Deiniol of our charity, as a group gathered by him within
fenc£d enclosure or 'Bangol which is now the Cathedral srte. The City also traces its beginnings to that moment so in
partnership with them we are preparing a year of events and initiatives.
The trustees are reviewing staffing arrangements and other resources required for the charity's developing mission and to
ensu￿ financial stsbility, sustainability and adherence lo good govemanc£.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is eonlrolled by its goveming docurnènt, a deed of trust. There are generally around fifteen trustees, all
appointed by the Bishop of Bangor. In the period covered by this ￿pOrt the full board of trustees Icathedral Chaplerl met
on five occasions and induded engagement with other 'stskeholdets' important lo our work. Working groups and sub-
committees were established or slrenglhened with delegated responsibility for a￿8$ such as finance, staffing, building
issues and events.
An episGopal visitsb'on and independent Eview of Safeguarding were initiated in Autumn 2024. Since the early part of
that year there had been no poslholder wrth the responsibilities of Dean. Chapter are therefore very grateful not only lo
ourown clergy, lay staff and volunteers bul also the widerdioc£se and other partner charities for the considerable additional
support and assistan￿ we have neederj in a challenging period. A new Dean was appointed in September 2025.
REFERENCE AND ADMINISTrATIVE DETAILS
Registered Charity number
1158340
Principal address
Ty Deiniol
Clos y Gadeidan
Bangor
Gwynedd
LL57 1RL
Page 4

Thè Dean and Chapter of Bangor Cathedral
Report of the Trustees
for the year ended 31 December 2024
Trustees
The Very Rev'd Dr Manon Ceridwen Jarnes - Dean lappointed 1019125)
The Venerable R W Townsend - Archdeacon of Meinonnydd, previously Canon Precentor
The Venerable J C Harvey - Archdeacon of Anglesey and Prebendary of L12nfair
The Revd Canon E C Williams- Canon Chancellor
The Revd Prebend2ry D Williams - Prebendary of Penmynydd
The Revd Canon S B E Rhys Evans- Canon TreaSU￿r (resigned 19121251
The Revd Canon T J Jones- Canon Primus
The Revd Canon D T Morris- Canon Secundus (resigned 1115124}
The Revd Canon K V Williams- Canoni¢yJs Tertius
The Revd Canon A G Gyle- Canonicus Quinlus
The Venerable D Parry- Archdeacon of Bangor
Canon J Coutts - Canon Precenlor (appointed 18181241
The Revd Canon N Slarkey - Canon Quartus (resigned 15ts1251
The Revd Canon A Mayes lappointed 18181241
Canon G l Jones (appointed 18181241
Canon L L Horrocks (appointed 18181241
Canon J F Gough (appointed 18181241
The Rev Canon R S Wood (appointed 30131251
The Rev Canon R P Bames lappointed 30131251
Independent Examiner
Salisbury & Company
Chartered A¢countants
Irish Square
Upper Denbigh Road
Sl Asaph
Denbighshire
LL17 ORN
EVENTS SINCE THE END OF THE YEAR
Infomation relatin9 to events since the end of the year is given in the notes lo the finanaal slatemenls.
Approved by order of the board of truste&s on 27110125 and signed on ils behalf by..
Manon C. James 28110125
(J￿3
Truste•
Page 5

Independent Examinerfs Report to the Trustees of
The Dean and Chapter of Bangor Cathedral
Independent examinerfs reportto the trustees of The Dean and Chapter of Bangor Cathedral
I report to the charity trustees on my examination ofthe accounts ofThe Dean and Chapter of Bangor Cathedral Ithe Trust)
forthe year ended 31 De¢Èmber 2024.
Responsibilities and basis of report
As the charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordan￿ with the
requirements of the Charities Act 2011 1 the Act'l.
I report in respect of my examination of the Trust's a¢¢ounts carried out under Seth'on 145 of the Act and In carrying out
my examination I have followed all applicab5e Directions given by the Charity Commis&on under Section 145lSllbl of the
Act.
Independent examinerf$ statement
I have completed my examination. I confim that no material matters have rx)me to my attention in connection wlh the
examination giving me cause to believe that in any matenal respect..
accounting records were not kept in respect of the Trust as required by Section 130 of the Act.. or
the accounts do not accord with those records.. or
the accounts do not comply with the applicable requirements con￿mIng the fom and content of accounts sel Out
in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true
and fair view whi¢h Is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understsnding of the accounts lo be reached.
{1¥ /(
Aled Roberts
Salisbury & Company
Chartered Accountants
Irish Squa
Upper Denbigh Road
Si Asaph
Denbighshire
LL17 ORN
Dale..
Page 8

The Dean and Chapter of Bangor Cathedrdl
ststernent of Financial Activtties
for the year ended 31 December 2024
2024
Total
fvnds
2023
Totsl
fvnds
Unrestricted
funds
Restricted
fvnds
EndowTnent
funds
Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacies
129,400
63.124
192,524
393.508
Other trading activities
Investment income
8,515
6,610
2,725
393
11,240
7,003
7,160
11,384
Totsl
144.525
66,242
210767
412052
EXPENDITURE ON
Charitsble activities
To Advants The Christian
Religion of The Church in Wales
290.831
195,762
486,593
552,335
Nel gains on investments
20.839
4,199
NET INCOMEI{EXPENDITUREI
Transfers between funds
1125,467}
145,468}
1129,5191
61,084
4,199
84,385
1250.7871
167,8261
11
Net movement in funds
1270,9351
{68.4351
88,584
1250,7871
167,8261
RECONCILIATION OF FUNDS
Total funds brought forward
779,583
340,882
1,120,265
1,188.092
TOTAL FUNDS CARRIED
FORWARD
508,648
272,247
88,584
869,479
1,120.265
The notes fom part of these financial statements
Page 7

The Dean and Chapter of Bangor Cathedral
Balance Sheet
31 December 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Endowment
funds
Notes
FIXED ASSETS
Tangible assets
Investrments
150
487,969
125,000
127.947
125,150
704.500
125.480
786.459
88.584
488,119
252.947
88,584
829,650
911,939
CURRENT ASSETS
Stocks
Cash at bank
3,130
16,169
3,130
44.830
3,130
206,616
28,661
28,661
19,299
47.960
209,746
CREDITORS
Amounts falling due within one
year
10
18,1301
18,1311
11,4201
NET CURRENT ASSETS
20.531
19,298
208,326
TOTAL ASSETS LESS
CURRENT LIABILITIES
508,650
272,245
88,584
869,479
1.120,265
NET ASSETS
508,650
272,245
88.584
869,479
1.120,265
FUNDS
Unrestricted fvnds
Reslncted funds
EndowTnenl funds
508,650
272,245
88,584
779,583
340,882
TOTAL FUNDS
869,479
1.120.265
The financial statements were approved by the Board of Trustees and aulhorised for issue on .28110125 and were signed
on its behalf by..
Manon C. James
l Jorg
Trustee
The notes form part of these finanaal statements
Page 8

The Dean and Chapter of Bangor Cathedral
Note$ to the Financial Statements
for the year ended 31 December 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been p￿pa￿d in
accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of
Recommended Practi￿ applicable to charities preparing their accounts in accordan￿ with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191., Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities
Act 2011. The financial statements have been prepared under the historical cost convention, wth the ex￿pIlOn of
investments which are included al market value. as modified by the revaluation of ￿rtain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is
probable that the income will be re￿iVed and the amount can be measured reliably.
Expenditure
Liabilities a￿ ￿ cognised as expendrture as soon as there is a legal or constructive obligation committing the charity
to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount
of the obligation can be MeaSu￿d reliably. Expenditure is a¢¢ounted for on an accnjals basis and has been
classif ed under headings that aggregate all cost ￿lated to the category. whe￿ costs cannot be directly attributed
to particular headings they have been allocated lo activrties on a basis consistent wth the use of resources.
Tangible flxed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
Equipment
25 /0 on ￿dUcIng balan
25 /• on Cost and 200A on reducing balance
Stocks
Stocks are valued at the lower of ¢ost and net realisable value. after making due allowance for obsolete and slow
moving items.
Taxation
The charity is exempt from lax on its eharitable activitses.
Fund accounting
Unrestrictèd funds can be used in accordance with the charitable objectives al the discretion of the trustees.
Restricfrd funds can only be used for particular restricted purposes within the objects of the Gharity. Restrictions
arise when speafied by the donor or when funds are raised for particular restricted purposes.
Further explanalion of ihe nature and purpose of each fund is included in the notes to the financial stalemenls.
OTHER TRADING ACTIVITIES
2024
2023
Money raising
Fees
10.546
694
5.318
11,240
7,160
Page 9
continued...

The Dean and Chapter of Bangor Cathedral
Notes to the Financial Ststements - continued
for the year ended 31 December 2024
INVESTMENT INCOME
2024
2023
Deposil a¢¢ount interest
11.384
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year
ended 31 Decernber 2023.
Trustees. expenses
There We￿ no trustees, expenses paid for the year ended 31 December2024 nor for the year ended
31 De￿rnber 2023.
COMPARATiVES FOR THE STATEMENT QF FINANCIAL ACTIVITIES
Unfftstricled
Restricted
funds
funds
Endowment
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
290,317
103,191
393.S08
Other trading activities
Investment in￿rne
6.579
8,371
581
3,013
7,160
11.384
Totsl
305,267
106.785
412,052
EXPENDITURE ON
Charitsble activltles
To Advance The Christian Religion of The
Church in Wales
382 169
170,166
552,335
Net gains on investments
53,820
72,457
NET INCOMEIIEXPENDITUREI
Transfers between funds
123,0821
68,529
144,7441
68.5301
167,8261
Net movemont in funds
45.447
{113.2741
167,8271
RECONCILIATION OF FUNDS
Total funds brought forward
734.137
453,955
1,188,092
TOTAL FUNDS CARRIED FORWARD
779.584
340.681
1.120.265
STAFF COSTS
31.12.24£
112.309
1,143
9.060
31.12.23£
142.955
2.447
11.132
Wages and salaries
Social security and costs
Other pension costs
122.512
156.534
The average number ofemployee's during the yearwas 1212023.. 141.
No employee received remuneration of more than £60,000.
Page 10
conts"nued...

The Dean and Chapter of Bangor Cathedral
Notes to the Financial Ststements - continued
for the year ended 31 December 2024
TANGIBLE FIXED ASSETS
Freehold
propety
Plant and
mathinery
Equipment
Totals
COST
At 1 January 2024 and 31 De￿mber 2024
125000
23,009
22,865
170.874
DEPRECIATION
At 1 January 2024
Charge for year
22,969
40
22,425
290
45,394
330
At 31 D￿mber 2024
23,009
22,715
45,724
NET BOOK VALUE
At 31 De￿rnber 2024
125.000
150
125,150
At 31 December 2023
12S,000
40
440
125,480
The propety, 38 Orme Road. is held in the name of Bangor Diocesan Housing Assoaation, acting as custodian
trustee for the charity. Legal title rests wth the ¢uslodian trustee, while the benefiaal interest lies enlirely ￿th The
Dean & Chapter of Bangor Cathedral.
Accordingly, the property is recognised within the charity's accounts as an asset, as it is used for charitsble
purposes and held for the benef l of the charity
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
Al 1 January 2024
Disposals
Revaluations
786,459
1106,9991
25,040
At 31 December 2024
704,500
NET BOOK VALUE
At 31 December2024
704,500
At 31 December 2023
786,459
The￿ were no investment assets outside the UK.
Cost or valuation at 31 De￿rnber 2024 is represented by..
Listed
investrnents
Valuation in 2022
Valuation in 2023
Valuation in 2024
872.794
186,3351
81,959
704,500
Page11
¢ontr'nued...

The Dean and Chapter of Bangor Cathedral
Notes to the Financial Ststements- continued
for the year ended 31 December 2024
STOCKS
2024
2023
Stocks
3.130
3.130
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Taxation and social security
Other ¢redilotS
1.907
6,224
704
716
8,131
1.420
11.
MOVEMENT IN FUNDS
Nel
movement
in funds
Transfers
be￿een
fvnds
Al
31112124
At 111124
Unrestricted fund$
General fund
Bookshop
Pennanenl General Endowment
688,$47
32,453
58,583
1125,1321
13331
183,4231
13,4621
58,5831
479,992
28.658
779,583
1125,4651
{145,4681
508.650
Restricted funds
Freehold propety
Music Fund
Thousand Candle Fund
Choir Association
Music Fund Endowment
Fabric, Maintenan￿, Restoration Fund
Music Scholars
Cafe Deiniol
Cathedral Foodbank
Cathedral Partnership Fund
Timpani Drum Fund
Camau Bach
Curate Grant
Defibrillator fund
Flower Guild Irestrictedl
Celebration 525 Irestrictedl fund
Agency Collection
125.000
110.4391
50,436
10,325
30.000
8,686
110,6981
452
105,909
24,372
2,000
1,300
2,339
1,000
125,000
{113,9961
124,435
150.4361
110,3251
130.0001
2,084
28,209
14521
1509>
125
117,5111
10,895
1,305
106,705
24,372
12,0001
130
1,430
2.339
22
388
1,094
19781
388
1,094
781
78
340,882
1129,5211
61,084
272,245
Endowmentfunds
Music Fund
Rev Evan Tudor Thomas Request
The Estate of Dilys Elizabeth Glynne
2,115
2,084
27.885
37,194
19.306
30.000
39.278
19.306
4.199
84.385
88.584
TOTAL FUNDS
1.120.265
250.7871
869.479
Page 12
contsnued...

The Dean and Chapter of Bangor Cathedral
Notes to the Financial Statements - continued
for the year ended 31 December 2024
11.
MOVEMENT IN FUNDS- ¢ontinued
Net movement in funds, induded in the above are as follows:
Incoming
resour￿$
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
Bookshop
144,525
1290,496)
20,839
1125,1321
144,525
(290,8291
20,839
Restricted funds
Music Fund
Fabric, Maintenan￿, Restorats'on Fund
Music Scholars
Cathedral Foodbank
Camau Ba¢h
Defibrillator fund
Flower Guild Irestrictedl
Celebration 525 Irestrictedl fvnd
Agency Collection
1125,465}
6,469
202
14,990
42,403
130
60
488
1,500
1120.465}
1781
132,5011
141,098)
1113,996)
125
117,5111
1,305
130
1978)
388
1,094
78)
(1,038)
11001
14C61
78)
66,242
1195,764}
Endowment funds
Music Fund
Rev Evan Tudor Thomas Request
1129,5211
2,115
2,084
2,115
2,084
4,199
TOTAL FUNDS
210,767
486,5931
25,039
250,7871
Page 13
conts'nued...

The Dean and Chapter of Bangor Cathedral
Notes to the Financial Statements - continued
for the year ended 31 December 2024
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Nel
movernent
in funds
Transfers
be￿een
funds
At
31112123
Al 111123
Unrestricted funds
General fund
Bookshop
Permanent General Endowment
846.851
32.532
54.754
129,4321
4,490
1.859
71,128
14,5691
1.970
688.547
32.453
58.583
734.137
123,0831
68,529
779,583
Restricted funds
Freehold propety
Music Fund
Chorister Prize Fund
Thousand Candle Fund
Poppy Fund
Choir Association
Music Fund Endowment
Service Fund
Fabric. Maintenance, Restoration Fund
Music Scholars
Cafe Deiniol
Cathedral Foodbank
Cathedral Partnership Fund
Timpani Drum Fund
Camau 8ach
Cuole Grant
Defibrillator fund
125,000
13,819
5,302
49,783
403
9,067
34,447
2,898
61,501
19,173
452
104.938
25,172
2.000
125,000
110.4391
1102,6661
78,408
15,3021
653
14031
1,258
196, 1441
12,8981
122,2381
4,270
50,436
10,325
30,000
91,697
130,5771
134,1411
8,686
110,6981
452
105.909
24.372
2,000
1,300
2.339
1.000
27,105
18001
126.1341
1,300
2,339
1.000
68,529
340,682
TOTAL FUNDS
1.188.092
67,8261
1,120,265
Comparative net movement in fvnds. included in Ihe above are as follows..
Incoming
resourcEs
Resources
expended
Gains and
losses
Movement
in funds
Unrestrlcted funds
General fvnd
Bookshop
Pemanent General Endowment
305.268
1382,1701
47.470
4,490
1.859
129.4321
4.490
1.859
305,267
1382,1701
53.820
123.0831
Restricted funds
Music Fund
Music Fund Endowment
Fabric, Maintenance, Restoration Fund
Music Scholars
Cathedral Foodbank
Cathedral Partnership Fund
Camau Bach
Curate Grant
Defibrillator fund
20.801
138.7471
184.7201
91,697
8,880
13501
3,130
1102.666}
91.697
130.5771
134.1411
27.105
18001
1,300
2.339
1.000
28,299
477
52.708
165.7561
134.2681
128.7331
18001
{1,7001
11611
3,000
2.500
1,000
106.785
170.165
18.637
44,743
TOTAL FUNDS
412.052
552.335}
72.457
87 8261
Page 14
ontinued...

The Dean and Chapter of Bangor Cathedral
Notes to the Financial StAtements- continued
for the year ended 31 December 2024
11.
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
Transfers
be￿een
fvnds
At
31112124
At 111123
Unrestricted funds
General fund
Bookshop
Pemanenl General Endowment
646,851
32,532
54,754
1154.5641
4,157
1,859
112,2951
{8,031 }
56,6131
479.992
28.658
734,137
1148,548)
176,939)
508,650
Restricted funds
Freehold property
Music Fund
Chorister Prize Fund
Thousand Candle Fund
Poppy Fund
Choir Association
Music Fund Endowment
Service Fund
Fabric, Maintenance, Restoration Fund
Music Scholars
Cafe Deiniol
Cathedral Foodbank
Cathedral Partnership Fund
Timpani Drum Fund
Camau Bach
Curate Grant
Def1brillalor fund
Flower Guild Ireslrictedl
Celebrabon 525 Ireslrictedl fund
Agency Collection
125.000
13,819
5,302
49,783
403
9,067
34,447
2,898
61,501
19,173
452
104.938
25,172
2,000
125.000
1216,6621
202,843
15,3021
149,7831
14031
19,0671
1126,1441
12,8981
120, 1541
32,479
14521
126,6431
91,697
130.4521
151.652)
10,895
28,410
181)Jl
106.705
24,372
12,0001
1,430
2,339
22
388
1,094
781
1,430
2,339
22
388
1,094
78
453,955
1174,2641
17,4461
272,245
Endowmentfunds
Music Fund
Rev Evan Tudor Thomas Request
The Estsle of Dilys Elvzabelh Glynne
2,115
2,084
27,885
37,194
30,000
39,278
19,306
4,199
84,385
88,584
TOTAL FUNDS
1 188,092
3186131
869,479
Page 15
¢ontinued...

The Dean and Chapter of Bangor Cathedral
Notes to the Financial Ststements - continued
for the year ended 31 December 2024
11.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in fvnd5, induded in the above a
as follows..
Incoming
resource5
Resou￿$
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
Bookshop
Pemanenl General Endowent
449.793
1672,6661
13331
68.309
4.490
1.860
11 $4,564)
4.157
1.859
11
449,792
1672.9991
74,659
1148,548)
Restricted funds
Music Fund
Music Fund End¢)wment
Fabric, Maintenantt, Restoration Fund
Music Scholars
Cathedral Foodbank
Cathedral Partnership Fund
Camau Bach
Curate Grant
Defibrillator fund
Flower Guild Irestrictedl
Celebration 525 Ireslrictedl fvnd
Agenw Co51edion
27.270
1159,2121
{84,7201
91,697
8,881
13501
3,130
1216.6621
91,697
130,4521
151,6521
28,410
18001
1,430
2.339
22
388
1,094
781
26,501
15.467
95,111
165,8341
166.7691
169,8311
18001
11.7001
11611
11.0381
11001
14061
781
3,130
2,500
1,060
488
1,500
173,027
1365,9291
18,638
1174,2641
Endowment funds
Music Fund
Rev Evan TLKJor Thomas Request
2.115
2,084
2,11S
2,084
4,199
4,199
TOTAL FUNDS
622,81g
11,038,g281
97,496
318,6131
Freehold Property Fund
The purpose of this fund is to support the mission and ministy of tre Cathedral.
Music Fund
The purpose of this fund is provide scholarships for the choristers and choral scholars and assist wlh any matter
relating 1¢ txntinuation of the musical heritage of the Cathedral.
Chorister Prize Fund
The purpose of this fund is to receive income from legacies to provide Chorister pnzes.
Thousand Candle Fund
The purpose of this fund is to promote and support Anglican Musi¢ and the choral tradition within the Cathedral.
West Tower Fund
The purpose of this fund is to replace the flagpole and wooden ladderto reach it and other expenditure lo be agreed
with the donor.
CCTV Fund
The purpose of this fund is to install and update the CCTV system.
Handrails Fund
The purpose of this fund is lo install handrails at the Cathedral.
Poppy Fund
The purpose of this fund is to hold sales from poppy items.
Box Organ Appeal
The purpose of this fund is to purchase a portable box organ.
Page 16
ntinued...

The Dean and Chapter of Bangor Cathedral
Notes to the Financial Statements - continued
for the yearended 31 December 2024
11.
MOVEMENT IN FUNDS - continued
Choir Association
The purpose of this fund is to provide assistan￿ to the Cathedral Choir wth fundraising and outreach activities.
Music Fund Endowment
The purpose of this fund is to provide an income for Ihe Music Fund.
Service Fund
The purpose of this fund is to provide the costs of supplies used for services at the Cathedral.
Fabrlc, Maintenance, ReStOrn￿on Fund
The purpose of this fund is to fund any fom of maintenan￿, repairs or restoration activity to the Cathedral.
Music Schoiarn
The purp¢)se of this fvnd is to cover the costs of the Music Scholars at the Cathedral.
Oryanist Fund
The purpose of this fund is to cover the costs of salary for the Cathedral Organist.
Cafe Deiniol
The purpose of the fvnd is to hold money for St Mary's Trust.
Cathedral Fo¢xlbank
The purpose of the fund is to )Inan￿ grotsries for those who fall below the poverty line in Bangor.
Cathedral Partnershlp
The purpose of this fund is to provide gTrnls to beneficiaries in acute finanrial need within the loc81 community.
Timpani Drum Fund
The purpose of this fund is to purchase musical instruments and otherwisè cover the costs associated with su
instruments, excluding the Cathedral Organ.
Bookshop Fund
The purpose of the Bookshop is to make a meaningful contribution to the ministry of the Cathedral in temis of
welcome, Supplying Christian books and ￿OurCeS, card$ and gifts as well as financial.
Pennanent Genèral Endowment Fund
The purpose of this fund is to provide a general unrestricted income to the Cathèdral
12.
RELATED PARTY DISCLOSURES
During the reporting period the charity Made the following payments lo ￿lated organisatrons..
£102.000 lo the Bangor Dioeesan Board of Finance (charity no. 10759311 as a Contribution lo the
Bishop's Ministry Fund
£3,374.40 to the Homes of Bishop Rowlands Icharity no. 2294431 for service charges ￿lating to the
Almshouses.
These transactions We￿ made under normal terms and We￿ aulhorised by the trustees.
The charity also reoived income of £80,208 from The Rep￿sentatiVe Body of the Church in Wales {charity no.
11428131.
Several trustees of this charity also serve as Iru5tees of other charities, including tre Bangor Dia￿San Board of
Finance (charity no. 10759311, the Bangor DI0￿$an Trust (charity no. 2341561, the Homes of Bishop RO￿and8
Icharity no. 229443} and The Representative Body of the Church in Wales ltharity no. 11428131
13.
RECHARGED DEBT REPAYMENT PROPOSAL
The recharged debt from the Dean and Chapter to the Di0￿san Board of Finan￿ IDBF) for the years 2021-2023
has been agreed al a total of £262.110.16.
The agreed proposal is that the Dean and Chapter wll forfeit their annual grant from the DB, which increases by
5Q/o annually, unt'l ihe debt is fijlly repaid. Based on the assumption that Ihe 5.10 annual increase continues. the
projected grant values to be forfeited aTr as follows..
Page 17

2024
2025
2026
2027
58,968.32
61,916.74
65,012.57
68.263_20
Total
254,160.83
The outstanding balance of £7,949.33 will be settled immediately.
Page 17

The Dean and Chapter of Bangor Cathedral
Detailed Statement of Financial Activities
for the year ended 31 December 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and legacies
Planned giving
Loose collections
Donations
Grants
Legacies
23,815
12,989
48,198
107.259
263
38.486
9,508
65.046
175,247
105.221
192,524
393.508
Other trading activities
Money raising
Fees
10,546
694
5,316
1,844
11,240
7,160
Investment income
Deposit account interest
7,003
11,384
Total incorning resources
210.767
412.052
EXPENDITURE
Charitsble activities
Bishop's Ministy Fund
Parochial expenses of derics
Maintenan¢e of servi￿$
General parish expenses
Sha￿￿ co15ections
MaintenanTr of churches
Maintenance of other property
Expenditure Music Fund Chorist
Children & young people
Depn of healing
Computer equipment
154.318
1,909
22,597
12,919
42,560
80,468
1,945
153,761
1,036
41
290
44,129
320
81.675
4.883
30,521
261,258
1,635
114,842
2.330
14
296
471.844
541,903
Support costs
Finance
Bank charges
93
99
Governance costs
Auditors, remuneration
Audilots, remuneration for non audit wotk
Professional fees
3,000
1.746
9,910
3,240
1,249
14,656
10,333
Total reSoUr￿S expended
486,593
552,335
Net expenditure before gains and1055es
1275,8261
1140,2831
Realised recognised gains and losses
Realised gainsjllossesl on fixed asset
investrnents
131,627
Net expenditure
275.8261
8,6561
This page does not fomi part of the statutory financial ststements
Page 18

This page does not form part of the statutory financial statements
Page 18