REGISTERED CHARITY NUMBER.. 1159494 Report of the Trustees and Unaudited Financlal Statements for the Year Ended 31 December 2024 The Dean & Chapter of S A Cathgdral Grp Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road StAsaph Denbighshire LL17 ORN
The Dean & Chapter of S A Cathedral Grp Contonts of the Financial Statements for the aff ended 34 Docember 2024 Pago Report of the Trustees Independent Examiner's Report statemont of Financial Activitigs Balance Sheet Cash Flow Statemgnt Notes to the Ca$h Flow Ststomgnt Notes to the Financial Statements 9 to 20 Detailed Statsment of Financial Activitie8 21 to 22
The Dean & Chapter of S A Cathedral Grp Report of the Trustees for the year ended 31 December 2024 The twstees present their annual report and financial statements for the year ended 31 December 2024. The accounts have been prepared in accordance with the accounting policie5 set out in note 1 to the accounts and comply with the charity's constrtution, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Re¢ommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporhng standard applicable in the UK and Republic of Ireland (FRS 1021" las amended for accounting periods commencing from 1 January 20161 The financial statements reportable as The Elwy Mission Area are made up of The Dean and Chapter of St Asaph Cathedral- the Translators, Tearoom- the parish church Eglwys Sant A5a,' St Mary's Church. Cefn and All Saints Church, Sinan. OWECTIVES AND ACTIVITIES Objactives and aims To maintain and look after the historic building of St Asaph Cathedral. To advance and promote the Christian religion of the Church in Wales for the public benefit, offering worship, community outreath in ministry and service in the Elwy Mission Area and Ihg wider St Asaph Diocgse. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what adiwties the charity should undertake. Descrlption of funds Maintsnance of Fabric of Buildings This lund was sel up to maintain the Fabric of the Cathedral Buildings. All of the assets wlhin this fund are held within investments and therefore are not freely available. All expenditure in regard to the Maintenan of Ihe Cathedral will therefore be expensed through the general reseNe until such time as there are liquid funds available within this restricted fund. The Dean's Library The Dean Williams Library property in St Asaph is vested in the St Asaph Diocesan Board of Finance as custodian tNstees for the Dean and Chapter and is to be used only for speafic, prescribed purposes. Choir This fund was established via a legacy specified for the use of the cathedrafs choir. Church Renovation Projoct This fund relales to the renovation, upgrade and repair of the St Asaph parish church building. ESA Churchyard This fund relates to the upkeep of the St Asaph parish church grounds. C9fn Churchyard This fund relat85 to Ihe upkeep of Ihe grounds of St Mary $ church, Cefn. Gardon This fund was established with funds from the National Lottery Heritage Fund for the upkgep of the heritage garden in the grounds of St Asaph Cathedral. Page 1
Tho Daan & Chapter of S A Cathedral Grp R•port of lh• Truslèès for the year ended 31 De¢gmbgr 2024 ACHIEVEMENT AND PERFORMANCE Charitsble attivities A brief overview of what has been happening at each of our chur¢hes in 2024 is as follows: Eglwys Sant Asa (St Asaph Parish Church) The church continues lo work closely with the local community, offering a meeting Pla and venue for different groups and activities. such as Mother and Toddler group, Tai Chi, Pilates and the Wl. Volunteers from the church itself continue lo run a successful Messy Church monthly Servi and holiday clubs, welcoming children from the local area- and the Community Fridge has gone from strength to strength, with around 30 people attending weekly. St Ma$ ChUh. Cefn The church has been open to visitors throughout the sumrner months and has attracted a number of pilgrims on their way along the North Wales Pilgrim's Way. The church is very involved in the local community and has helped with community evenings at the local hall and has held fundraising concerts and a flower festival in the church. One of the highlights of the year has been the Palm Sunday servi and lunch followed by a procession wth donkeys from St Mary's, Cefn to Sl Asaph Cathedral. All Saints. Sinan. Cofn Before moving to Elwy MA. the decision had been made by Denbigh MA to close All Saints, Sinan. The trustees of Elwy MA are investigating the possibility of retaining the building for use in the local community, but the process has been ongoing and the chureh has been unused during 2024. st Asaph Cathedral Details of the main achievements of 2024 are detailed in the separate Cathedral trustee$ report. FINANCIAL REVIEW Financial review The trustees will ¢ontinue to ensure that financial resources are managed wisely in the best interests of the Elwy Mission Area and to enable the financing of the ministry structures and buildings that $upport the mission of Ihe Elwy Mission Area. Each church is responsible for its own finances under the guidance and supervision of the trustees. It is the policy of the charity that unrestri¢ted funds which have not been designated for a specth'c use should be maintained at a level equivalent to between three and six months expenditure. The truslees consider that reserves at this level will ensure that, in the event ol a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The money held in reserve by the Mission Area is for use as stated above. The trustees take the responsibility for the reserves seriously and use the following guidelines.. The reserves are not to be used for day to day expenses. Running costs are to be met without using reSeeS. The reserves can be used for projects that increase the income or reduce the expenditure of the churches within the Mission Area. in line with the restrictions above. The reserves can be used fof mission projects that further the outreach of the churches within Elw MA, in liné with the restrictions above. Property that is held in trust for the cathedral is rented at a commercial rate on the open market when not being used for cathedral purposes. Investments are managed by Rathbones Investment Management Limited, Ecclesiastical Investment Managers Limited and NS&I bonds and the Trustees decide the level of investment to be held for each fund. The amounts held by Ralhbones Investment managers have been allocated to use foi the Dean's Library renovation. The amounts held by the Representative Body are restricted for the maintenance and restoration of the fabTiC of St Asaph Cathedral_ The amounts held by Edentree (formerly Ecclesiastical Investment Management Ltd) are restricted for the use of St Asaph Cathedral choir. The amounts held in NS&I bond5 are for use by Eglwys Sant Asa. The trustees have examined the major strategic. business and operational risks which the charity may face and confimi that systems have been established to enable regular reports to be produced 50 that the n9cessary stgps can be taken to lessen these risks. Effective management of operations by balancing income and expenditure. Prudent financial management and protection of reserves to ensure the financial security of St Asaph Cathedral. The Very Reverend Nigel Williams Dean of St Asaph Cathedral and Mission Area Leader of Elwy Page 2
The D•an & Chapler of S A Cathedral Grp Report of the Trustees for the year ended 31 Dècember 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Recruilment and appointmènt of new tru$teo$ Trustees are independently nominated and appointed by the Bishop of St Asaph afier consultation with the Dean. Ongoing govemance training is offered lo all ttustees of St Asaph Cathedral. Organisational structure As per the Diocesan decrees dated 18 June 2017 and 15 December 2020. the Mission Area Conference of the Mission Area of is the Dean and ChapteT of St Asaph Cathedral. The churches wthin the Mission Area of Elwy, namety the parish church Eglwys Sant Asa.. St Mary'5 Church. Cefn and All Saints Church, Sinan are subcommittees of the said Dean and Chapter acting as Mission Area Conferen. They hold and operate their own bank accounts. The charity is govemed by the trustees who pass the day to day administration to the Cathedral Administrator and Chapter Clerk, Mrs Jackie Feak and the Elvry Mission Area Operations Office, Mrs Karen Dixon. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1159494 Prin¢lpal address Cathedral Offico High Street St Asaph Denbighshire Trustees The Very Rev N H Williams The Rev P Powell The Rev J Matthias The Rev J Hughes (resigned 31171241 D Mccarthy J Liston E W Hughes K A Dixon The Rev A S Jones Independent Examlner Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road StAsaph Denbighshire LL17 ORN Approved by order of the board of trustees on ................. and signed on its behalf by.. The Very Rev N H Williams- Trustee Page 3
Independent Examinerfs Report to the Trustees of The Dean & Chapter of S A Cathedral Grp Indgpondont oxaminèrfs rèport to the truslees of The Dean & Chapler of S A Cathèdrnl Grp I report to the charity Irust8es on my examination of the accounts of The Dean & Chapter of S A Cathedral Grp (the Trust) for the year ended 31 December 2024. Ro$pon$ibllitlès and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 1'th8 Act'}. I report in respect ol my examination of the Trust's attounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charrty Commission under Section 145{5llbl of the Act. Independent examiner'8 Statsment Since your charity's gross in¢ome exeded £250,000 your examiner must be a member of a listed b¢)dy. l ¢an ¢onlirm that I am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examinats'on. I confim that no material matters have come to my attention in connection with the examination giving me cause to believe that in any mater¢al respect.. a¢¢ounling records were not kept in respect of the Trust as required by Section 130 of the Act-, or the aoUnt5 do not ac¢ord with those records., or the accounts do not compty with the applicable requirements conceming the form and content of accounts set out in th? Charilies IA¢¢ounts and Reports} Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter ¢onsidered 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 understanding of the accounts lo be reached. Aled Roberts BA IHons} FCA Salisbury & Company Chartered Accountants Irish Squafe Upper Denbigh Road St Asaph Oenbighshire LL17 ORN Date.. Page 4
The Dean & Chapter of S A Cathedral Grp Statemont of Financial Activities for the year ended 31 December 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 304,556 9,158 313,714 466.391 Charitable activities Core Activities 140,513 140,513 101.829 other trading activities Invesbnent income Other income 144,145 2,759 792 144.937 2,759 152.228 4,137 {7851 Total 591,973 9,950 601.923 723,800 EXPENDITURE ON Raising funds 116,512 116,512 118.807 Charitable activities Core Activities 402,230 5,050 407,280 483.966 Total 518,742 5,050 523.792 602,773 Net gains on investments 559 33,772 34,331 13.824 INCOME Transfers between funds 73.790 1.884 38.672 (1.8831 112,462 134,851 19 Net movement in fvnds 75.674 36.789 112,463 134,850 RECONCILIATION OF FUNDS Total funds brought forward 839,047 840,175 1,679,222 1,544,372 TOTAL FUNDS CARRIED FORWARD 914,721 876,964 1.791,685 1,679,222 The notes fom part of these financial statements Page 5
The 08an & Chapter of S A C•thedral Grp Balance Sheet 31 December 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fvnds Notes FIXED ASSETS Tangible assets Investrnents Investments Investment propety 12 71.628 28,000 99,828 16.224 13 14 53.276 678.000 247.996 107,350 301,272 785,350 266.942 785,350 802,904 383,346 1,186,250 1,068.516 CURRENT ASSETS Stocks Debtors Investments Cash at bank and in hand 15 16 17 4,257 22,438 20,000 97,643 4,257 22,438 20,000 591,260 5,623 20,263 20,000 586,953 493,617 144,338 493,617 637,955 632.839 CREDITORS Amounts falling due within one year 18 {32,5201 132,520) 122.1331 NET CURRENT ASSETS 111,818 493,617 605,435 610.706 TOTAL ASSETS LESS CURRENT LIABILITIES 914,722 876,963 1,791,685 1,679,222 NET ASSETS 914,722 876,963 1,791,685 1,679,222 FUNDS Unrestri¢ted funds Restricted funds 19 914,722 876.963 839.047 840,175 TOTAL FUNDS 1,791,685 1,679,222 +h The financial statements were approved by the Board of Tnjstees and authorised for issue on and were signed on its behalf by.. The Very Rev N H Williams- Trustee The notes form part of these financial statements Page 6
The Dean & Chapter of S A Cathgdral Grp Cash Flow Ststement forthg yaar ended 31 Dec8mber 2024 2024 2023 Notes Cash flow$ from operating activities Cash generated from operalions 96,155 103,353 Net cash provided by operating activities 96.155 103,353 Cash flows from investing activities Purchase of tangible fixed assets Purchase of fixed asset investments Sale of tangible fixed assets Interest received Dividends received 194,608} 14,1771 872 1,038 3,099 1,289 1,470 Net cash (used inllprowded by investing activities 191,8481 832 Change in cash and cash equivalents in the pOrtIng perlod Cash and ¢ash equlvalents atthe beginning of the reporting period 4,307 104,185 586,953 482,768 Cash and cash oquivalonts atlho ènd of the reporting period 591,260 586,953 The notes form part of these financial statements Pa9e 7
The Dean & Chapter ol S A Cathedral Grp Notes to thè Cash Flow Statement for th• ar gnded 31 Decembèr 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOVI FROM OPERATING ACTIVITIES 2024 2023 Net incomo for the roporting period las p•r thg Ststement of Financlal A¢tiYities> Adju$bngnts for: Depr&¢iation charges Gain on investments Loss on disposal of fixed assets Interest received Dividends recgived De¢reasellincreasel in stocks Ilncreaselldecreaso in dgbtors Increaselldecreasel in creditors 112,462 134.851 10,472 134,331) 733 11,2891 11,4701 1,366 12,175) 10,387 3,789 113,8241 785 {1.0381 {3,0991 {9931 19,787 136,9051 Net cash provlded by operations 96,155 103,353 ANALYSIS OF CHANGES IN NET FUNDS At 111124 Cash flow At 31112124 Net cash Cash al bank and in hand 586,953 4,307 591.260 586,953 4,307 591,260 Liquid resources Deposits included in cash Current asset investments 20,000 20,000 20,000 20.000 Total 606,953 4,307 811,260 The notes fomi part of these financial statements Page 8
The Dean & Chapter of S A Cathedral Grp Notes to the Flnancial Slatements for the year ended 31 Dècember 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalements of the charity, which is a public benefit entity under FRS 102, have been prepared in aGcordance with the Charities SORP IFRS 1021 'AGGounling and Reportin9 by Charities. Statement ot Recommended Practl¢e applicable to charities preparing their accounts in accordance with the Financial Reporting standard appli¢able in the UK and Republi¢ of Ireland {FRS 102) (effective 1 January 2019}', Financial Reporting SLgndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial slatements have been prepared under the historical cost convention, with the exception of investments whieh are included at market value, as modrfied by the revaluation of certain assets. Income All in¢ome 1$ recognised in Ihe Stalement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditu, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliabty. Expendilure is accounted for on an a¢¢ruals basis and has classified under headings that aggregate all cost related lo the ¢ategory. Where costs cannot be directly attributed lo particular headings they have been allocated to activities on a basis consistent with the use of resour¢es. Tangible fixed a88ets Tangible fixed assets are initially meaSUd at ¢osl and subsequently measured al cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less Iheir residual values over their useful lives on the following bases.. Plant and equipment- Over 10 years Fixtures and fittings- Over 5 years Computers- Over 5 years Invostmont property Investment property, which is property held to earn rentals andlor ¢apital appreciation, is inrtially recognised at cost. which includes the purchase cost and any directly attributable expendilure. Subsequenlly il is measured at fair value al each reporting dato. Change$ in fair value are recgonised in the profit and loss account. Stock$ Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and Slow moving items. Taxation The charrty is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be us•d in a1rdance with the charitable objects'ves at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when spe¢ified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and oth•r posl-retirèmènt n•fits The charity operates a defined contribution pension stheme. Contributions payable to the charity's pension scheme are charged to the Statement of Finanaal Aclivi1195 in the period lo which they relate. Finan¢ial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS102 to all of its financial instwments. Page 9 ontinued...
The Dean & Chapter of S A Cathedral Grp Notes to th• Finan¢ial Ststgments - Continued for the year ended 31 December 2024 ACCOUNTING POLICIES- continued Finan¢ial instruments Financial instruments are recognised in the charity's balance sheet when the charity be¢ome5 party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amount5 presented in the financial stalemenls, when there is a legally enforceable right to sel off the recognised amounts and there in an intention to settle on a nel basis or to realise the asset and settl& the liability simultaneously. Basic financial a88ets Basic linancial assets, which include debtors and cash and bank balans. are initially measured at Iransaction price including transaction costs and are subsequently carried al amortised cost using the effeclive interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future re¢eipts discounted al a market value of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities. including creditors and bank loans a initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measurod at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest ral& method. Trade creditors are obligations to pay for goods or services that have been aequired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or less. If not, they are presenled as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequentty measured at amortised cost using the effective interest method. Derecognition of financial liabllltles Financial liabilities are derecognised when the charity's contractual obligations expirg or are dischar9ed or cancelled. DONATIONS AND LEGACIES 2024 2023 Donations Lggacies Grants 105.709 104,955 157,406 204,030 208,005 313.714 466,391 Grants received, included in the above, are as follows.. 2024 2023 St Asaph Diocesan Board of Finance All Churches Trust Listed Place ofwofship Scheme RBCW Friends of Cathedral Music Miscellaneous Core activities Marsh award fof garden Denbigh CC 3,745 8,301 8,567 125,610 74,900 9.652 12,943 79,000 15,000 5,000 7,035 soo 2,320 9,462 50,000 208,005 204,030 Page 10 continued...
Tho Dgan & Chapter of S A Cathedral Grp Ntstss to th• Flnanclal Slatement8 - continued for the year ended 31 December 2024 OTHER TRADING ACTivrriES 2024 2023 Shop income Rgntal incomg Room hire Ceremonies 99,723 26,550 11,904 6,760 113,384 23,700 10,669 4,475 144,937 152,228 INVESTMENT INCOME 2024 2023 Income received from listed investments Inlerest receivable - Irading 1,470 1,289 3,099 1,038 2,759 4,137 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Core Activities Other income 140,513 101,829 RAISING FUNDS Raising donations and legacies 2024 2023 Goods for resale & shop costs Shop wages 51$ Shop admin costs 37.360 67.612 11.540 42,856 68,907 7,044 116,512 118,807 CHARITABLE ACTMTIES COSTS Support costs {see note 8) Direct Costs Totals Core Aclivities 404,760 2.520 407.280 Page11 continued.
Thè D•an & Chapt•rof S A Cath•dral Grp Notes to the Flnan¢lal Statements - eonllnued for the year ended 31 December 2024 SUPPORT COSTS Governance costs Core Activities 2,520 TRUSTEES. REMUNERATION AND BENEFITS There were no Irustees, remuneration or other benefits for the year ended 31 December 2Q24 nor for the year ended 31 December 2023. Trustees. oxpens6S There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. 10. STAFF COSTS 2024 2023 Wages and salaries Other pension costs 141,211 9,827 91,488 9,447 151.038 100.935 The average monthly number of employees during the year was as follows= 2024 2023 Administration No employees received emoluments in excess of £60,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donalions and legacies 379.726 86,665 466,391 Charitsblo a¢tivltl•s Core Activities 101,829 101,829 Other trading activities Investment income Other income 152,225 4,137 {1,657) 152,228 4,137 17851 872 Total 636,260 87,540 723,800 EXPENDITURE ON Raising funds 118,807 118,807 Charitable activities Core Activities 468,029 15.937 483,966 Totsl 586,836 15.937 602,773 Net gains on investments 13,824 13,824 Page 12 continued...
Th8 Dean & Chapter of S A Cathedral Grp Notes to the Financial Statements - continugd for the year ended 31 December 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES . Continued Unrestricted fund Restricled funds Total funds NET INCOME Tran$f•rs betweèn fund$ 63,248 1332,1941 71,603 332,193 134,851 11} Net rnovemont in funds 1268,9461 403,796 134.850 RECONCILIATION OF FUNDS Total funds brought forward 1,107.993 436,379 1,544,372 TOTAL FUNDS GARRIED FORWARD 839.047 840.175 1,679.222 12. TANGIBLE FIXED ASSETS Fixlures and fittings Plant and machinery Computer equipmenl Totals COST At 1 January 2024 Additions 18,540 6.800 94,608 9,840 35,180 94,608 At 31 December 2024 18.540 101.408 9.840 129,788 DEPRECIATION At 1 January 2024 Charge for year 11,565 1,568 2,738 7,668 4.653 1,968 18,956 11,204 At 31 December 2024 13,133 10,406 6,621 30.160 NET BOOK VALUE At 31 December 2024 5,407 91,002 3,219 99,628 At 31 December 2023 6,975 4,062 5,187 16,224 13. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1 January 2024 Additions Revaluations 266,942 34,331 At 31 December 2024 301,272 NET BOOK VALUE At 31 December 2024 301,272 At 31 December 2023 266,942 There were no investment assets outside the U Page 13 continued...
The Dean & Chapter of S A Cathedral Grp Notes to the Financial Statements - continued for the year ended 31 December 2024 13. FIXED ASSET INVESTMENTS - continued Cost or valuation at 31 Dember 2024 is represented by". Listed investments Valuation in 2022 Valuation in 2023 Valuation in 2024 252,055 14,887 34,330 301,272 14. INVESTMENT PROPERTY FAIR VALUE At 1 January 2024 and 31 December 2024 785,350 NET BOOK VALUE At 31 December 2024 785,350 At 31 December 2023 785,350 15. STOCKS 2024 2023 Stoths 4,257 5,623 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors 8,485 13,9S3 5,147 15,116 22,438 20.263 17. CURRENT ASSET INVESTMENTS 2024 2023 Unlisted investments 20,000 20,000 Page 14 continued...
The Dean & Chapter of S A Cathedral Grp Notes to the Financial Statements - continued for thè y•ar ond•d 31 D•cemb•r 2024 18. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Taxation and social security other creditors 5,008 2,787 24,725 3,293 861 17,979 32,520 22,133 19. MOVEMENT IN FUNDS Net movement in fund5 Transfers been funds At 31112124 At 111124 Unrestricted funds General fvnd 839,047 73,791 1,884 914,722 Restricted funds Maintenance & Fabric of Buildings The Dean's Library Choir Project ESA Messy chvrch T Club- ESA Berevement support group Fridge- ESA Community fridge Churchyard- ESA Churchyard and Cemelary funds C Yard Forget- ESA forget me not aftemoons Garden 516,590 202,350 98,103 9.430 407 551 3,047 33,772 550,362 202,350 96,103 9,430 265 561 7,773 (2,000) 148 10 6.319 1290) 11,593) 1.868 7,223 190 416 1,868 7.816 190 245 593 11711 840,175 38,671 11,883) 876,963 TOTAL FUNDS 1,679,222 112.462 1,791,685 Net movement in funds, included in Ihe above are as follows.. Incoming resources Resources oxpended Gains and losses Movement in funds Unrestricted funds General fund 591.973 1518,7411 559 73,791 Restricted fund¥ Maintenance & Fabric of Buiklings Choir ESA Messy church T ClukF ESA Berevement support group Fridge- ESA Community fndge C Yard Garden 33.772 33.772 {2,000) 148 10 6,319 593 1171) (2,0001 1911 239 10 8,353 1,115 233 12.034} {522} {404} 9.950 15.051} 33.772 38.671 TOTAL FUNDS 601,923 (523,7921 34,331 112.462 Page 15 onlinued...
The Dean & Chaptgr of S A Cathedral Grp Notes to the Financial Statements - conlinued for the year ended 31 December 2024 19. MOVEMENT IN FUNDS - continued Comparatives for movernent in funds Net movement in funds Transfers betsveen funds At 31112123 At 111123 Unrestricted fund$ General fund 1,107,993 63.248 1332,194) 839,047 Restricted funds Maintenance & Fabric of Buildings The Dean's Library Choir Project ESA Messy church T CluEp ESA Berevement support group Fridge- ESA Community fridge Churchyard- ESA Churchyard and Cemetary funds C Yard For9el- ESA for9et me not aftemoons Garden 290,631 95,000 40,000 1,804 225,959 107,350 120,1001 18,431 269 520 12,072) 516,590 202,350 98.103 9,430 407 551 3,047 78.203 (10,8051 138 31 5,119 222 11.721} 1,646 1,868 7.223 190 416 190 416 436,379 71,603 332,193 840,175 TOTAL FUNDS 1,$44,372 134,851 11} 1,679,222 Comparative nel movement in funds, included in the above are as foll¢)ws'. Incoming resources Resources expended Gains and losses Movement in funds Unrestrictsd funds General fund 636,260 1586,8361 13.824 63,248 Restricted funds Choir Project ESA Messy chLbrch T Club- ESA Berevement support group Fridg ESA Community fridge Churchyard- ESA Churchyard and Cemetsry funds C Yard Garden 78.203 78,203 110.805} 138 31 5,119 {10,8051 {4671 605 31 6,436 11,3171 281 1,073 911 (591 12,7941 14951 222 {1,7211 416 87.540 {15,9371 71,603 TOTAL FUNDS 723,800 1602,7731 13,824 134,851 Page 16 continued...
The Dean & Chapter of S A Cathedral Grp Nolès to thè Flnanclal Statements - continued ft>r the ygar ended 31 December 2024 19. MoVEmETr IN FUNDS- continu?d A current year 12 months and prior year 12 months combined position is as follow5= Net movement in funds Transfers between funds Al 31112124 At 111123 Unrestrictod funds General fund 1,107,993 137,039 {330,3101 914,722 Restricted funds Maintenance & Fabric of Buildings The Dean's Library Choir Project ESA Messy church T Club- ESA Berevemenl support group Fridge- ESA Community fridge Churchyard- ESA Chur¢hyard and Cemetary funds C Yard Forget- ESA forget me not afternoons Garden 290,631 95,000 40,000 1.804 33,772 225,959 107,350 120,1001 18,431 1211 520 13,6651 550,362 202,350 96.103 9.430 265 561 7,773 76,203 (10,8051 286 41 11,438 222 11,1281 1,868 7,816 190 245 8,944 190 245 436,379 110,274 330,310 876,963 TOTAL FUNDS 1,544,372 247,313 1,791,885 A current year 12 months and prior yeor 12 months combined net movement in funds. included in the above are as foll¢)WS.' Incoming resources Resources expended Gains and losses Movement in funds Unmstrfcted fund8 General fund 1,228,233 11.105,577} 14,383 137,039 Re81rfcted funds Maintenan¢e & Fabric of Buildings Choir Proj* ESA Messy church TClu& ESA Berevement support group Fridg ESA Community fridge Churchyard- ESA Churchyard and Cemetary funds C Yard Garden 33,772 33.772 76,203 110,805} 286 41 11,438 78,203 (2,000} 110,8051 {5581 41 14,789 13,3511 281 2,188 1,144 {591 13,3161 {8991 222 11,128) 245 97,490 (20,9881 33.772 110,274 TOTAL FUNDS 1,325,723 {1,126,5651 48,155 247.313 Page 17 continued...
Th& Dean & Chapter of S A Cathedral Grp Notes to the Financial Statements . continuod for the year ended 31 December 2024 20. RELATED PARTY DISCLOSURES Key management personnel ar8 not employed by the Dean & Chapter of St Asaph Cathedral and therefore do not re1ve any rernunoration from this organisation. 21. FINANCIAL PERFORMANCE OF THE DEAN & CHAPTER OF ST ASAPH CATHEDRAL The consolidated Statement of Financial Activities includes the results of The Dean & Chapter of Sl Asaph Cathedral and its wholly owned Subsidiary Translators, T&aroom Limited,. St Asaph Parish Church,. St Mary's Church, Cefn and All Saints Church. Sinan. The summary financial perfomiance of The Dean & Chapter of St Asaph Cathedral alone is.. 2024 2023 l)onalions and legacies Other trading aclivibes Investment income Grants Other income 50,249 26.550 1,470 198,543 140,513 205,625 23,700 3.099 191,995 101,829 417,325 1314,2271 12,5201 526,248 1399,474) 12,520) Expenditure on charitable activities Support costs Nel incomin9 resources - {deficit)Isurplus 100,578 124,254 22. FINANCIAL PERFORMANCE OF ST ASAPH PARISH CHURCH Included in the Statement of Financial Activities is the trading results of the Sl Asaph Parish Church. The trading results of the Sl Asaph Parish Church alone is.. 2024 2023 Donations and legacies Other trading activities Investment income Grants 47,610 16,906 1,198 8,728 45,945 12,951 970 12,035 74,443 {Tl,7671 71.902 {71,288) Expenditure on charitable activtties Loss on sale of fixed asset Net incoming resources- {deficitllsurplus 13,3241 614 Page 18 ontinued...
The Dean & Chapter of S A Cathedral Grp Notes to the Financial Ststements - continued for the year ended 31 December 2024 23. FINANCIAL PERFORMANCE OF THE TRANSLATORS. TEAROOM LIMITED The Dean & Chapter of St Asaph Cathedral owns the entire share eapital of the Translators, Tearoom Limited {company no.112546561, which operates as a tearoom adjacent to the cathedral. The trading results of th8 Translator5, Tearoom Limited alone is.. 2024 2023 Income 97,681 118.384 Goods for resale Admin ¢osts 137,360) (78,875) {42.856} 175.950) Net Ideficit}Isurplus (16,512) 1422} interest payable 12771 (Lossllprofit in subsidiary {16,7891 1422) The assets and liabilities of the subsidiary were.. Fixed assets Current a55ets Current liabilities 2,926 15,068 139,853} 3,657 11,298 120,0251 Total net (liabililiesllassetg 121,859} 15,0701 Aggregate share capital and reserves (21,859) {5,070) FINANCIAL PERFORMANCE OF ST MARY CEFN CHURCH Included in the Stalement of Financial Aclivities is the trading results of the St Mary Church. Tha trading results of the St Mary Church alone is-. 2024 2023 Donations and legacies Other trading activities 8,583 1,757 10,687 2,189 10.340 111.668} 12,875 115,1221 785 Expenditure on ¢horitable activities Loss on sale of fixed assets Nel income resources- Ideficil}/surplus 11,328} 13,0321 Page 19 conb'nued...
The Doan & Chapter of S A Cathedral Grp Notes to the Financial Statements - continued for the year ended 31 December 2024 25. FINANCIAL PERFORMANCE OF ALL SAINT SINAN CHURCH Included in the Slalement of Financial Activities is the trading results of the All Saint Sinan Church. The trading results of the All Saint Sinan along is.. 2024 2023 tksnations and legacies Interest 104 68 172 (5631 Expenditure on charitable a¢livities {1,0951 Net income resources- Ideficit}/surplus {1,0951 13911 Page 20
Tho Doan & Chapter of S A Cathedral Grp Dgtailed Ststement of Flnanclal Aclivitie$ for thg year &nded 31 December 2024 2024 2023 INCOME AND ENDOWMENTS Donation8 and legaci98 Donations Legaaes Grants 105.709 104,955 157,406 204,030 208,005 313,714 466,391 Other trading activities Shop income Rental income Room hire Ceremonies 99,723 26,550 11,904 6,7eo 113,384 23,700 10,669 4,475 144,937 152,228 Inveslm•nt intom Income received from listed investments Interest re1Vable- trading 1,470 1,289 3,099 1,038 2,759 4,137 Charilable activilieg other income 140,513 101,829 othgr income Gain on sale of tangible fixed assets {785) Total incoming ro$our¢ès 601,923 723.800 EXPENDITURE Raising donations and legaeies Goods for Tesale & shop costs Shop wages costs Shop admin Costs 37,360 67,612 11,540 42,856 68,907 7,044 116,512 118,807 Charitsble a¢livitios Wages Pensions Rates and water Insurance Light and heat Telephone Parish share Chaplains expenses Deans Library running costs Music costs Choir expenses Carried fOard 141,211 9,827 2,064 21,643 67,371 1.382 36.913 834 6.979 14,449 7,896 310.569 91,488 9.447 1,996 20,446 45,167 1,414 92,759 634 6,993 11,691 5,367 287.402 This page does not form part of the statutory financial slatements Page 21
Tho Doan & Chapter of S A Cathédral Grp Detsiled Statement of Financial Activitie$ for the year ended 31 December 2024 2024 2023 ¢haritablg activities Brou9ht fOard Song school expenses Car park management Office expenses Compuler expenses Gifts and donations Books. candles etc Flowers Catering and refreshments Legal and professional fees Repairs and renewals Bank charges Subscriptions Miscellaneous expenses Depreciation ol tangible fixed assets 310,569 7,191 3,105 14,492 1,147 520 1,581 547 1,350 3,159 46,113 395 619 3,500 10,472 287,402 6,408 2,254 8,452 2,389 470 4,856 566 9,213 4,466 145,574 61 1,200 4,346 3,789 404,760 481,446 Supportcosts Governance costs Auditors, remunerats'on 2,520 2,520 Total resoue5 pended 523,792 602,773 Net income 78,131 121,027 This page does not forrn part of the statutory financial statements Page 22