REGISTERED CHARITY NUMBER: 11S9494 Report ol the Trustee$ and Unaudlted Financoal Statements for the Year Ended 31 Oecember 2023 for The Dean & Chapter of S A Catt¥edral Grp sa1istr￿ry & Cornpany Chartered Accountants Irish Square Uppei Dents￿￿ Road St Asaph Denbighshire LL17 ORN Thg Otan & Chaptor of S A Cathèdral Grp Contènts of the Finan¢ial Statement$ lor the year ended 31 December 2023 Pagè Report of the Tru$tee$ Independent Examlnofs Report Statement of Flnancial Activltie$ 8alance Sheet Cash Flow Statement Note$ to th¢ Cash Flow Statement Note$ to the Financial St•tements 10 to 20 Detalled Statemènt of Flnanelal A¢ll¥llles 21 to 22 The Dean & Chapter of S A Cathedral Grp Report of the Trustees lor the y•ar ended 31 December 2023 The trustees present their avtrnual report and financial slatements foi the year ended 31 D8cembe¥ 2023. The accounts ha￿ been prepared in ￿ldance *ith the accounting polirAes set out in note 1 to the accounts and comply with the charity's constilulion. the Charibes Act 2011 and "A¢¢ounting and Reporting by Charities. Slalement ol Recommended Practice applicable to chaiities prepanw Iheir accounls in accordance with the F1nancial Reportin9 Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounts.ng periods commencing from 1 January 20161 The financial stateTnent5 reportable a$ The Missron Area a￿ made up ol The De8n and Chapter of Sl Asaph Cathedral,. the Translators. Tearoom. the parish church Egh¥ys Sant Asa. St Marys Chuich. Cefn and All Saints Church, Sinan. OBJECTIVES AND ACTIVITIES Objectives and aims To rnaintain and look after Ihe historic building of St As8ph Calhedral. To advance and promote the Christian ￿ligIon ol the Church in Wales for the public benefit. offeriry worship. Community outreach in ministry and seNce In the Elwy Mission Area and the wder St A5aph Diocese. The trustees have paid du8 regard to guidance issued by Ihe Charity Comtnission in deuding what actsvitie5 the charity should undertake. De8crlptlon of funds Malntenance of Fabric of Buildings This fund was sel vp to maintain the Fabric of the Cathedral Builth'ros. All of the assets wthin this fund are held within investmenis and therefore are not fieely available. All expenditvre In war¢Y lo the ma1ntenan¢e of the Cathedral will therefore be expensed thfough the general reserve unlil such time as there a￿ IK)uid funds available within this restricted fund. The Dean's Library The Oean Williams Library property in St Asaph is ¥esled in the St Asaph Diocesan Boar¢J ol Finance as custodian trustees for the Dean and Chapter and is lo be use<1 onty for specific. prescribed purposes. Choir This fund was established via a legacy speufied lor the use of the cathedral's choir. Church Rvnovation Project This fund relates lo the renovation. upgradè and repair of the Sl A5aph parish church buikying. ESA Churchyard This fund relates lo the upkeep of the St Asaph pawi5h chwch grounds. Céfn Churchyard This fund relates to the upkeep of Ihe grounds of Sl Marfs chvrch. Celn. Garden This fund was established wth funds from the Nabonal Lollery Heritage Fund for the upkeep of the heritage garden in the grounds of St Asaph Cathedral. Page 1 The Dean & Chapter ol S A Cathedral Grp Report of the Tru$tetrs lor the year ended 31 D¢¢embÈr 2023 ACHIEVEMENT AND PERFORMANCE charitable activities In January 2023, the churches of Sl Maws, Cern and All Sain15. Sinan. Cefn were added to the EW Mission A￿a. They came to us from the Artission Area of Denbigh. The ￿sponSIbl11ty for their Mission Asea sha￿ and their pastoral care has transferre¢J to the MA and has been administe￿d in 2023 in Ihe same way as Egw Sant As8 (St Asaph Parish Church) A bri8f overview of what has been happ8n4ng at each of our chufches in 2023 1$ as follovts.. Eglwys Sant A8a (St Asaph Par4sh Church) The chur¢h ￿ntInueS lo work c105ely wth the IcKal community. offering a meetin9 place and venue for different groups and a¢livilies. such as Mother and Toddler group. Tai Chi, Pilales and the Wl. Volunteers from the church itself continue to run a successful Messy Church monthly serw¢e and holwjay clubs. *el¢oming children trom the local area". and the Community Fridge has gone from $trer¥Jlh lo streNJih. wth aiound 30 peor* atter￿Ing ￿ekty. st Mary's Ch￿￿h, Cefn The Church has been open to Vi8itors throLKJhout Ihe summer months and has attrac18d a number ol pi19ritns on their way along the North W8les Pilgnm's Way. The church is very involved In the local cornmunity a￿1 has helped with cornmunity evenings at the local hall and has he￿j bJndrai%n9 con￿rtS aThJ a flowei festival in the church. One of the highlights of the year has been the Palm Sunday set¥ice and Ivnch follo*ed by a P[L￿eSsion with donkey5 frorn St Mary s, Cefn to St Asaph Cathedral. All Salnts, Slnan, Ctsfn Before rnoving lo EINtry MA. the deosion had been made by Denbigh W to close AJI Saints. Sinan. The trustees of Elw MA are investig811r￿ Ihe possibility ol reiaining the building for use In Ihe local community. but the church has been unused during 2023. S¢ A$aph Cathedral Details of the main athievemenls 012023 deiailed in the separate Cathedral trustees report. Page 2 The Dean & ¢hapt•r of S A Cathedral Grp Rèport of the Trustees lor the y•ar •nd•d 31 December 2023 FINANCIAL REVIEW Financial revtew The trustees will continue to ensure that finanual ￿oUrceS afe rnanaged wsely in the best Interests of the EW Mission Area and to enable the financing of the ministry structu￿$ and buiklings that support th8 mission of the Elwy Mission Area. Each church is responsible lor its own fin3nces under the guidance and supeN$ion of Ihe trustees. It is the policy of the chanty that unr8Stncted fiJThls whith have not been desi9nale(I for a specific use should be maintained al a level equivalent to betwwn three and six months expeThjitU￿. The trustees ¢onsicler that reserves at this level will ensure that. In the event of a sunificanl drop ir4 funding. they will be able to continue the chanty's current a¢livities while consideration Is given to ways in which ￿rtiOnal funds may be iaised. This level of ￿erVeS has been maintained throughout the year The money held in reserv8 by Ihe E￿ Mission A￿a is for usè as stated above. Th8 trustees take Ihe responsibility for the re5erve5 senously ancl use the followng guideline5". The ￿ServeS are nol to be used for day lo day expenses. Running costs are to be met wthoul using reserves. The reserves can be used for prqects that Increase th& income or reducE the expendilure of the churthe5 within the Mission Area. in line with the restricbon5 above. The reserves can be used for mission projects Ihat Ivrther Ihe outreach of Ihe thurches wlhin MA. in line wth the restrictions above. Property that is held in trust for the cathedral is rented at a ￿Mercial rate on the open market when not being used for cathedral purposes. Investments are managed by Rathbones Investment Management Limiled, Ecdesiastical Investment Managers Limited and NS&I bonds and the Trustees decide the ￿Ve1 ol investment lo be hekl for each fund. The amounts held by Ralhbones Investment managers have been allocated to Use for the Dean's Library renovatioll. The amounts held by the Representabve Bcty are resln"cte(I for the maintenance arvj restorats.on of the fabric of St Asaph Cathedral. The amount5 held by Edenlree (forme￿ Etdesiasbcal Inveslrnent Management Ltd) are restricted for the use of St A5aph Cathedral choir. The amounts held in NS&I bonds are for use by Egw Sanl A5a. The Iruslees have e¥amined the rnajor strategic. business and opefalional nsks which the charity may face and confimi that systems have been estab11shed to enable regular reports to be produ￿ so thal the necessary steps can be taken lo lessen these risks. Effective management tsf operations by balanung in¢ome and expendilure. Prudenl financial managemenl and protec￿.On of reserves to ensu￿ the finanaal security ol St Asaph Cathedral. The Very Reverend Nigel Williams Dean ol Sl Asaph Cathedral and Missifm tha Lea(ler of Ehvy MA STRUCTURE. GOVERNANCE AND MANAGEMENT Govemlng do¢ument The charity is controlled by its govemiThJ (h)cument, a deeij of trusl and conskniutes an unincorporated charity Recrultmènt and appointment of new tru$tee$ Trustees are independentiy nominated and appointed by Ihe Bishop of St Asaph after ¢onsultation wth the Dean. Ongoing governance trainirvJ is off8red lo all trustees of Sl Asaph Calhedral. OfganSsatlonal Structure As per the Diocesan decrees dated 18 June 2017 and 15 December 2020. the MIs5ion Area Conference of the Mis510n Aiea of Elwy Is the Dean and Chapter ol Sl Asaph Cathedr31. The churche5 wiihin Ihe Mission Area of El￿. namely the parish church Eglwys Sant Asa." Sl MaWs Church. Ceh and Al Saints Church. Sinan are sui>commillees of the saKI Dean and Chapter actin9 as MIS￿0￿ Area Cr￿ferenCe. They hoky and operate iheif own bank accounts. The Charity is governed by the trustees who pass the day to day administraiion to the Cathedral AdThinistrator and Chapter Clerk. Mrs Jackie Feak and the Elvry Mission Area Operabons Office. Mfs Karen Dixon. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 1159494 Principal addre88 Cathedral Office High Street Sl Asaph Denbighshire Page 3 Thè Dean & Chapter of S A Cathedral Grp Rèport of the Truste¢s for the year *nd•d 31 December 2023 Tru$tees The Very Rev N H Williams The Rev P Powell The Rev J Maiihias The Rev J Hughes D Mccarthy J Liston E W Hu9hes K A Dixon The Rev A S Jones Independent Examiner Salisbury & Company Chartered Accountants Iiish Square Upper Denbigh Roa<1 St Asaph Denbighshire LL17 ORN Ih Approved by oideT of the board of trus¢ees on... and s￿ne￿ on its behalf by". The Very Rev N H Williams- Twstee Page 4 Independent Examlnerfs Roport to the Trustees of The Dèan & Chapter of S A Cathedral Grp Inilependent èxamlnerf8 report to the trustee$ of The Dean & Chapter of S A Cathedral Grp I report to the chanty irustees on my examinalion of the a¢¢ounis of The Dean & Chapter of S A Cathedral Grp (the Trust) for the year ended 31 December 2023. Responslbllities and basls of report As Ihe charity trustees of the Trust you are responsible for the preparth.on of ihè accounis in accordance with the quiremenls of the Charities Act 2011 I'lhe Acri. I report in respect ol my examination of the Trusfs a¢￿unt$ carried ovt under Sedion 145 of the Act and In Carrying out my examinab'on I have follo*Ed all appl￿ble Diiections given by the Charity Commission under Section 14515llbl ol the Acl. Ind¢pendenl examlnerf$ Statemènt Sin¢e your charity's gr05s Income exceeded £250.(K)O your examinei musl be a member of a listed body. I can confirm that l arn qualified lo undertake the exarnination because l am a member of the Ins11tule of Chartered Accountants In England and wa￿$. which is one of the listed I have completed my examination. I confirm th31 no malerial matters have c(me lo my attenlion in Connection wth the examination giving me cause lo believe Ihat In any male¥ial respect accounting ￿e0r(l$ ￿re not kept in respect ol the Trust as fequired by Secbon 130 of Ihe Act". or the accounts do not accord with Ihose records. or the a¢¢ounts do not comply with the applicable ￿QuIreMentS concemiry the form and content of accounts set out in the Charitie5 IAccounls and Reportsl Regulat￿)n$ 2(KJ8 other than any requirement that the accounts give a true and fair wew whid) Is not a matter ¢onsKlefed as part of an IrKlependenl examinatson. I have no concerns and have come across no other mallers in connection wlh the examination to which attention should be drawn in this report in order tts enaNe a proF*r understanding of Ihe accounts to b8 ieaehed. Aled Roberts BA IHonsl FCA Salisbury & Company Chartered Accountants Ifish Square Upper Denbigh Road st Asaph Denbighshire LL17 ORN Date Page 5 The Dèan & Chapter of S A Cathodral G Statement of Financial A¢li¥itie$ for th* year ¢nded 31 December 2023 2023 Total funds Unrestricied luntj 2022 Total funds Restricted fuThJs INCOME AND ENDOWMENTS FROM Donations ènd legacies Notes 379.726 86.665 466.391 308.609 Charltable activities Core A¢liwtie$ 101.829 101.829 53.327 Other trading a¢tivilies Investment income Oth8r incorne 152.225 4.137 11.6571 152,228 4.137 17851 115,173 1,688 872 Totsl 636.260 87.540 723.800 478,797 EXPENDITURE ON Raising funds 118.807 118.807 88,400 Charltable a¢tlviti8s Core Activities 468.029 15.937 483,966 410.372 Total 15.937 602.773 498,772 Net gainsllloss8sI on investments 13.824 13.824 128.9071 NET INCOMEIIEXPENDITUREI Transfèrs bet￿en fund5 63.248 1332. 1941 71.603 332.193 134.851 19 148.8821 Net movement In lund8 1268.946) 403.7 134.850 148,8821 RECONCILIA TION OF FUNDS Total funds brought forward 1,107.993 436.379 1.544.372 1.593.254 TOTAL FUNDS CARRIED FORWARD 839.047 840.175 1.679.222 1.544.372 The notes fom part ol ihese financial statements Page 6 Th• Dean & Ch•pter of S A Calhedral Grp Balan¢e Sheet 31 Dècember 2023 2023 Total funds 2022 Total nds Un￿Stn¢led nd Restricied funds Notes FIXED ASSETS Tangible assets Investment$ Investments Investment property 12 16.224 16.224 18.406 13 14 52.718 678.0(K) 214.224 107.350 266.942 785.350 252.055 785,350 746.942 321,574 1.068,516 1.055.811 CURRENT ASSETS Stocks Debtors Investments Cash al bank and in hBnd 15 16 17 5.623 5.161 20.000 83.453 5,623 20.263 20.0(M) 586.953 4.630 40.201 20.000 482.768 15.102 503.500 114.237 518.602 632,839 547,599 CREDITORS Amounts falling due wthin one year 18 122.1321 122.1331 159,0381 NET CURRENT ASSETS 92.105 518.601 610.706 488,561 TOTAL ASSETS LESS CURRENT LIABILITIES 839.047 840,175 1.679.222 1.544.372 NET ASSETS 839.047 840, 175 1.679.222 1,544.372 FUNDS Unrestricted funds Reslri¢ted funds 19 839,047 840,175 1.107,993 436.379 TOTAL FUNDS 1.679.222 1.544,372 The financial $18ternents were approved by the Board of Twstees and aulhorised for issue ..Jy.lJ...1oI.*.......... and were signed on its ￿h•ll by.. on The Very Rev N H Williams- Truslee noles foffli part ol tt*se financial siatemenls Page 7 The Dean & Chapt¢r of S A Cathedral Grp Ca$h Flow Ststement for the year ended 31 De¢¢mber 2023 2023 Motes 2022 Cash Nows from operatlng activltlès Cash generated from operations Net cash provided by operatiNJ aclimtres 103.353 13,155 103.3S3 13,155 Cash IIow8 from inve$tlng activlties Puichase of tangible fixed assets Sale of tangible fixe(l assets Interest received Dividends received 14.1771 872 1.038 16121 498 1.190 Net cash provided by investing acb￿l 832 1.076 Change In cash and cash equival¢nts in the reporting perltsd Cash and cash equivalent$ at the beginnlng of the reporting perioil 104.185 14,231 482.768 468.537 Cash and ca$h equivalents at the ènd of the reporting period 586.953 482.768 The notes lorm part of Ihese finanoal statements Page 8 The Dean & Chapter ol S A Cathedral Grp Not¢$ to the C•$h Flow Statement for thg year ended 31 Dgcgmber 2023 RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net Incomellexpenditurèl for the reporting period las per the Statement of Flnanclal A¢ti¥itS0$1 Adjustments for= Depre¢ialion charges (Gainytosses on investrnents Loss on disposal ol fixed assets Interest received Dividends received Increase in stocks Decrease in debtors IDecreasellincrease in ueditors 134,851 148.8821 3.789 113,8241 785 11.0381 13.0991 19931 19.787 136.9051 4.970 28.642 14981 11,1901 16441 7,307 23,450 Nèt tash provided by operations 103.353 13.155 ANALYSIS OF CHANGES IN NET FUNDS At 111123 Cash flow At 31112123 Ne¢ ¢ash Cash al bank and in hand 482,768 104.185 586.953 482.768 104.185 586,953 Liqvld rn$ources Deposits included In cash Current asset investments 20.LX)O 20.000 20.￿0 20.000 Total 502.768 104.185 .953 The notes form part ol these financial statetnents P￿9 The Dèan & Chapi¢r of S A Cathedral Grp Notes to the Finan¢lal Ststements for thè year ended 31 D¢¢embèr 2023 ACCOUNTING POLICIES Basls of preparing the finan¢lal statements The financial statements of the charity. which Is a wblic t*nefft entity under FRS 102. have been prepared In accordance with the Chanlie5 SORP IFRS 1021 'Accounts'ng and Repo￿[￿j by Charities". Statement of Recornmended Pra¢lice applicable lo charit*s preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective 1 Janvary 20191,. Financial Reporting Standard 102 'The Finanual Reporting Stsndard applicable in the UK and Republi¢ of Ireland. ancs the Charities Act 2011. The financial stalemenls have been prepared under the historical ¢osl ¢onvenlion. with the exception of inveslmenis which are induded al market value. as m(MJihed by the ievalualion of certain assets. In¢ome All Income is recognised In the Statement ol Finanaal ActivIl￿$ once the tharity has entitlement to the funds. il Is probable tha¢ the In￿￿e will ￿ le￿1¥e￿ aThY the amounl can be measured reliably. Expendlture Liabilities are reco9nised as eVnditu￿ as soon as there is a legal or construcb've obligation cotnmitling the charity lo Ihal expenditure. it 15 probable that a Iransfer of economic benefits will be required in seluernenl 3nd the amount ol Ihe oblwJalion Can be measured reliably. Expenditu￿ Is accounted for on an acciuals basis and has been Classified under headin9$ thai aggregate all cos¢ related to the category. Where costs cannot tie directly attribuled to particular headings they have been allocated to aCtiv￿e$ on a basis consistent with the use of resour￿$. Tangible fixed a$sets Tangible fixed assets are tntli31ty measured al cosl and subsequenuy measure(l at cost o¥ valuation. nel ol dep￿tIatIon a￿j any Impairmeni losse5. Depre¢iatlOn 15 recognised so as 10 ￿te oll the cost or valuation of assets less their residual values over their useful lives on the followlry bases.. Plant and equiprnent- Over 10 years Fixtures and fitbngs- Over S yeafs Computers- Over 5 years Investment property Investment property. which Is property hekl to eam rentals andlor capital apprecia*'on. Is initially fecognised at cost, which Includes the purchase cost and any directly attributable expendrture. Subsequently It Is measured at fair value at each repo￿ng date. Chan9es in fail value are rec9onised in the profit and loss acctsunt. Stocks Stocks are valued at the k)wer of ￿$t aThJ nel ￿alIsable val￿. after mak￿g due allowance for obsolete and slow moving rtems. Taxation The Charity Is exefflpt Irom tax on Ils chafitable actiwbes. Fund accounting Unrestri¢le(J funds can be used in accordance wilh Ihe charilable objectives at Ihe discrebon of the trustees. Resliicted lunds can only be used loi parbc*Jlar re5tri¢ted purposes wlhin the objects of the charity. Restrictions anse when specified by the donor orwhen funds are raised particular restricted purposes. Furthei explanatson of the nature and purpose of each ftsnd is indLwJ8d in the notes to the financial slatemenls. Penslon costs and other pos¢4etlrement beneftts The charity operates a defined conlribution pension s¢heme. Contnbubons payable to the charity's penston scheme are charged to the Statement of Financial Acbvth"es in the penod to which they relat8. Finan¢ial instruments The charity has elected to appty the prowsions ol Secbon 11 '8asic Financial Instruments. and Sects'on 12 '0ther Financial Instruments Issues, of FRS102 lo all of rts financAal instruwnents. Financial Insirutnents are recognised in Ihe charrtls balanc* sheet when the Chanty becomes party lo the contractual proM510ns of the InstrumenL Page 10 ctsntsnued... Th• Dean & Chaptsr of S A Cath•dral Grp Notes to the Financial Statements continued lor the year endod 31 D•eember 2023 A¢¢OUNTING POLICIES- continued Finaneial instruments Financial assets and Iiabilrties a￿ oltset. wlh the nel amounts p￿sented in the financial statements. when there is a legally enfor￿able right to Sel off the recogn15ed amounts and Ihere in an Intention to sellle on a net basis or to realise the asset and sellle ihe liability 51multaneously. Ba$1¢ flnan¢lal assets Basic financial assets. which Ind￿ debtors and cash and bart balan￿$. a￿ initially measured al transaction price includiryJ Iransa¢lion costs and a￿ subsequenlty carrie(l at amortised cost using the effective Inieresl method unless the arrangement ¢onstilvtes a finartong transadion. Whe￿ the Iransa¢lion is measured at the present value of the futu￿ receipts discounte 4.466 6.944 124.0851 278.281 107.350 40,000 1.804 8.944 12.6621 463.126 126.7471 436,379 TOTAL FUNDS 1.593.254 148.8821 1.544.372 compafats.ve net movement in furrfjs. itKluded in the above are as follows". In¢cMning ources Resources expended Gains and losses Movement in funds Unre$trl¢ted funds General fund 478.797 I4￿.110) 14.8221 122.1351 Rtstrftted funils Maintenance & Fabric of Bvildiros Project 124.0851 124.0851 12.6621 12.6621 12.6621 124,0851 126.7471 TOTAL FUNDS 478.797 1498.7721 128.9071 148,8821 A current year 12 months and prior year 12 rnonths comkn.ned position 1$ as follows" Net movement in luThJs Transfers betwee funds At 31112123 At 111122 Unrestricted funds General fund 1.130.128 41.113 1332.1941 839.047 Restrlcted funil$ Maintenance & Fabiic of Bvildings The Dean's Library Choir Prqect ESA Messy d)ur¢h T Club- ESA Be￿vement suprM)rt gfOUP Frid9e- ESA Comtnunity fndge Churchyard- ESA Churchyard 3nd Cemetary lunds C Yard Forget- ESA forget me not aftemoons Garden 302.366 107.350 40.¢YJO 4.466 124.0851 225,959 107,350 120.1001 18.431 269 520 12.0721 504.240 214,700 98,103 9.430 407 551 3.047 78.203 113.4671 138 31 5.119 222 11.7211 1.646 1.868 7.223 190 416 190 416 463.126 44.856 332.193 840, 175 TOTAL FUNDS 1.593.254 85.￿9 1.679.222 Page 17 ¢onlinued... The Dean & Chaptgr of S A Cathedral Grp Notes ¢0 the Financial Statements - contlnued for the year ellded 31 D¢¢èmber 2023 19. MOVEMENT IN FUNDS- Continued A current year 12 months anil pnor year 12 months Co￿￿)ined net moveffienl in fvnds. In¢lLKl8d in ttte above are as follow5". Incoming fesourc£s Resi)ufces expended Gains and sses Movement In funds un￿$t￿leted funds General fund 1.115.057 11.082.9461 9,￿2 41.113 Re$triet¢d funds Maintenance 8 Fabric of Buildings Choir Proie¢l ESA Messy ¢hurdT T Club- ESA Berevement supptsrt gioup Fridge- ESA Cornmunity fridge Churchyard- ESA Churchyard and Cernetary funds C Yard Garden 124,0851 124.0851 78.203 113.4671 138 31 5.119 78,203 113,4671 14671 605 31 6.436 11.3171 281 1.073 911 1591 12.7941 14951 222 11.7211 416 87.540 118.5991 124,0851 44,856 TOTAL FUNDS 1,202.597 11.101,545} 115.0831 85.969 20. RELATEO PARTY DISCLOSURES Key tnanagement personnel ale nol employed by the Dean & Chapter of Sl Asaph Cathedral and therefo￿ do not fe¢eive any remuneration ffom Ihis organisa￿"0n. 21. FINANCIAL PERFORMANCE OF THE DEAN & CHAPTER OF ST ASAPH CATHEDRAL The consolidated Statement of Finanaal Actiwtses includes the iesults ol The Dean & Chapter of Sl Asaph Cathedral and Ils wholly owned subsidiary Tfanslatots. Tearocxn Limited". St Asaph Parish Church". St Mary's Church, Cern and All Saints Church. SiTran. The summary financial perfomiatKe ol The Dean & Chapter of St Asaph Cathedral alone is. 2023 2022 Donations and legacies Other trading actsvities Investment Income Grants Other income 205.625 23.7 3.099 191,995 101,829 74.398 31.803 1.190 188.175 53,601 526,248 1399.4741 12.5201 Expenditure on charitable activities Support costs 349.16 1348.7231 12.5201 Net incoming resour￿S- l(¢efirAly$uf￿uS 124.254 12.0771 Paye 18 ntinued. The Dean & Chopter of S A Cathedral Grp Note$ to the Flnanclal Statements- contlnued for the year ended 31 December 2023 22. FINANCIAL PERFORMANCE OF ST ASAPH PARISH CHURCH Included In the Statement ol Finanryal Acbvilies 1$ Ihe tr**'ry ￿$￿Its of the Sl Asaph Parish Churth. The trading results of the St Asaph Parish Church alone is". 2023 2022 Donations and legacie5 Other trading actiwties Investment incorne Grants 45.945 12.951 970 12.035 39.984 10,517 224 4.054 71,902 171.2881 54.778 159.1311 138.4711 Expenditure on charitable actrvrties Loss on sale of fixe(l asset Net Incoming resources- Idefiutl15urplus 614 14,3521 23. FINANCIAL PERFORMANCE OF THE TRANSLATORS. TEAROOM LIMITED The Dean & Chapter of St Asaph Cathedral fmns the enti￿ Sha￿ capital of the Translators, Tearoorn Limited Ictsmpany no.112546561. which 0￿rateS as a tearoom adjacent to the cathedral. The trading results of the Tfanslalors. Tearoom Limited alone is". 2023 2022 Inc(me 118,384 74.853 Goods for resale Admin costs 142 8561 175,9501 120.9451 167,4561 Net 1d8ficitllsuWus 14221 15.5741 Amount donated to The Dean & Chapler of St Asaph Cathedral 17.9731 (Lossllpfofit in subsidiary 14221 113.5471 The assels and liabilities of the subsNJiary ￿*￿.. Fixed assets Current assels 3.657 11.298 120.0251 4.572 12.360 121,5801 Total net Iliabilitiesllassets 15.0701 14 6481 A99￿gate share Capital and reserves 14.2091 14.6481 Page 19 continued.. The Dean & Chapter of S A Cathedral Grp Notes to the Financlal Statements Contlnued for the year ended 31 Docember 2023 24. FINANCIAL PERFORMANCE OF ST MARY CEFN ¢HURCH In¢lude(I In the Slaternenl of Financial Adiwtses Is the tradirg ￿$￿Its of the St Mary Church. The trading results ol the St Mary Church alone is." 2023 Dgnations and legacie5 Other trading a¢tMties 10.687 2.189 12.875 (15.1221 785 Expenditu￿ on charitable activities Loss on sale of fixed asset Net Incoming resour￿S- Idefiolysurpqus 13,0321 25. FINANCIAL PERFORMANCE OF ALL SAINT SINAN CHURCH Included In the Slatement ol Finan￿al Ac￿.¥￿ie3 is the traditvJ resutts of the Al Saint Sinan Church. The trading resutts ol the All Saint Sinan alore is.. 2023 Donations and legacies nterest 104 68 172 1S631 Expenditure on charitable ad1vi￿eS Net Incoming resour￿S- Idefiatllsuwus 13911 Page 20 Tht Dean & Chapter of S A Cath•dral Grp Detalled Statement of Flnantial Activities for the year ended 31 De¢tmbèr 2023 2023 2022 INCOME AND ENDOWMENTS Donations and legocles Donations Legacies Grants 104.955 157,406 204,030 89.339 25.041 194.229 466.391 308,609 Othèr tradlng activitigs Shop income Rental income Room hire Ceremonies 113.384 23.700 10.669 4.475 72,853 31,803 2.562 7.955 152.228 115.173 Investment Income Income received from listed investments Deposit account interest Interest receivable- trading 3.099 1.190 274 224 1.038 4.137 1.688 Charitable actlvltle$ Other Income 101.829 53.327 Other Income Gain on sale of tangible fixed assets 17851 Total Incomlng resource$ 723.800 478.797 EXPENDITURE Raising donations and lega¢i•s Goods lor resale & shop c05t5 Shop wages costs Shop admin costs 42.856 68.907 7.044 20.945 54.580 12.875 118,807 88.400 Charltablt aetivities W8ges Pensions Rates and water Insurance L1ght and heat Telephone Postage and stationery Parish share Chap58ins expenses De8ns Library runnin9 Costs Music ¢osls Choir expenses Song school expenses Car park tnanagemenl Office expenses Carned Iofward 91.488 9.447 1.996 20.446 45.167 1,414 85.016 5.770 1.469 18.519 65.479 1,241 91 87,595 459 3,283 9.973 6.894 5.450 5.567 4.725 301.531 92,759 634 6.993 11.691 5.367 6.408 2.254 8.452 304,516 This page does not form part of the statutory finantsal statements Page 21 The Dean & Chapter of S A Cathedral Grp Dgtailed Statement of Financial Activitie$ for thg ￿¥r •nd•d 31 0oc8fflber 2023 2023 2022 Charltable a¢tlvltit$ 8roughl fotward Computer expense5 Gifts and donations 8otsks, candles etc Flowers Catering and refreshments Legal and professional fees Conferences Repairs and reThewal$ Bank charges Subscriptions Miscellaneous expenses Depre¢ialion of tangible fixed assets 304.516 2.389 470 4.856 566 9.213 4.466 301.531 1,187 2,985 112 915 2,940 469 90,905 283 471 2,215 3,839 145.574 61 1.200 4.346 3.789 481.446 407.852 Support ¢o$¢$ Gov¢rnan¢e ¢osts Auditors. ￿muneratIon 2.520 2.520 Total resources expended 602.773 498.772 Net In¢omellexpèndituro1 121,027 119,9751 Th15 pa9e doe5 nol form part of the statuitsry financ4al slalements Page 22