Reg&stered Chqrity Number.. 1204456 Iillofflioiiooiot]llii IBffloolt]QQQQloooll oo,,,olrv The Cathedral Church of St Peter and St Wilfrid in Ripon Annual Report and Consolidated Accounts For the year ended 31 December 2024 The Cathedral Church of St Peter and St Wllfrfd Sn Rlpon ANNUAL REPORT AND CONSOLIDATEDACCOUNTS FOR YEAR ENDED31 DECEMBER 2024 pa#• Legal, adrnini5trative infomation and orgaThisational structures 3to5 Anftual reportolthe Chapter 6t018 Aud￿ report 19to21 cons0lkl￿ed Statement of financial activities 22 Consolidated Balance sheet 23 Chapter BalarKe Sheet 24 Cash flow ststement 2S Notes to the ca5hflowstotement 26 Notestr&lhe 8¢¢ounts 27to44 The Cathedral Church of St Peter and St Wllfrld In Rlpon ANNUAL REPORT ANDCONSOLIDATED ACCOUNTS FOR YEAR ENDED31 DECEMBER 2024 Reference and Administration details ritle- The Cathedral Chvrth ofst Pelerand StWIMrld kn ￿0￿ Re8lster¢d 01fi¢4: Rlpon Cathedral Qflke The OldCoUrth￿se Imster Rts•d Rljon HG4 IQS Tel., General •h•ll: Webshe: 01765 603462 p05tmaster@rfpM￿*hedlè1.Ory.yk ¥n¥w.rlpon(athedral.tsry.uk Chorfty number: 1204456 Wotknn8 N￿e. poTr Ca¢he*•l Member5 01 Chapter: The Chapter The Chapter conslsts of nine mÈmb2r& In oddition to the Dean and the three ResldeThtiary Canons, there are six other ordalned and lay mernbers holdingappolnted oreletted posltlons. All membe¥s of The Chapter are trustee5 underthe Charitse5 Act. The Chapter Is made up as folltsws'.- The Dean The Very ReverendJohn Dobson DL ICh8ir The ResIden￿ary Canons The Reverend Canon Mlchael Glsbourne The Reverend Canon Matthew Pollard The Reverend Canon Clalre Renshaw The Reverend Canon Wendy D?lrymple (Reslgned November 241 (Appointed April 251 aergy Representatfve The Venerable ￿ve Mansell lay ￿eMberS Canon 51r Andrew LawsotFTancred Canon Andrew Kltchlngmèn Canon Or Richard Noake Canon Julie Whlte Ath¥i50rs tothe Chapter.. Operatlonsand Wnan(e'. Chief OperatlnB Offtcer Ms Carol Pyrah MrsAmanda Anderson MrsAnme Groves (Appolnted December 241 (Reslgned July 241 IActl(WJuly 24- November 241 Chlef ￿nance Officer Mrs Anne Grove5 The Flnant* Commirtet: Mr Andrew Kitchlngm8n The Very Revdjohn Oobson Ms Carol Pyrah Mrs Amne Groves Mr Rlthard Coad (Chairl (Appolnted Decembei 241 Mr Raymond Edwards Mrs Manda MCCOnr￿ll Mrjames Lambert Mr Math Granger Mr Tom Flelden Mrs Amanda Anderson (Resigned December 241 [Re51￿d July 241 The Cath¢dral Churth ol St Peter and St Wllfrld In Rlpon ANNUAL REPORT AND CONSOLIDATED ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 Autht & Risk Cofflmittee Mr lan Ballard Ichairl Mr Mark Chidley ICh)ir) Mr Robin Litten PTof Phyl Hughe5 Mr Chrls Whapples MrAndy Morrison Mr Davld 5trachan Mr Peter Tarren Mrs M8nda M¢Connell lftetlred April 241 (Appointed May 241 IResi8ned December 241 (Retired Decernber241 (Appolnted September 241 (Appointed SeptÈmber 241 (Appolnted December 241 Ntsminations Commltt*2 Canon Andrew Kltchlngman15NEM-Chalrl The Very Revd John Dobson Mrjohn Robinson Mr Chrls Sharp Ms Sarah Hollin5 The Fabric Advlstrycommlitee Mr Guywilson l(thairl Mr MSck stsnley Mrs Jane Furse Dr Stuart Harrfson Revd Canon Rlchard CooFer Mr Ar1d￿W Graham Mr Chrlstopher Hughes MrTim Ayre5 Mrs Louise Prfestman Ms Rhlannon LawrenctrFrand5 Venerable Peter Townley IRetlred February 241 IResl8ned February 241 (Appointed February 251 Cathedral stsff The thapter Issupported bythe Cathedral staff and those who are volunteers. Thelr operaibns are led bythefollowinE manager5.- Head5 of Department M5 Carol Pyrah MrsAmanda Ander50n Mrs Anne Groves Msjo Bussev Mr5 Anne Grove5 Or Ronny Krippner Mrcharlie BTown Mrs Lynn Emmett Mrs Angda Millin8ton ief Operating Officer Chlef C)perating0￿ic ting Chief(*rating Offitrr Dlrertor of DevÈltrpment Chief Flnance Officer Director of Mu51C Head Verger Retall Manager Retall Manzger (Appolnted De￿mber 241 IRe5igned Juty 241 ljune 24- November 241 (Resigned July 241 IAppointed September 241 The Cathedral Church of St Peter and St Wilfrld In Rlpon ANNUALREPORT AND CON50LIDATED ACCOUNTS FOR YEAR ENDED 31 DECEMBER2024 Cathedral OffitÈrs and Ad¥isors The work of the Chapter would not be posslble wlthout support from experts In various professlonal fieldsa5 follow5.'- Archltects Caroe Architecture 23-25 6wydSr Street Carnbridge CBI 3(IR Archaeolc6lsts Fldd ￿￿chae910&Y Speclallsrs Unlt 8 Fuword Buslness Park 35 H05pitsI Field5 Road York YOIO 4DZ Audltors Amistrong Watson Audft Umlted York House Thomfield 8uslness Partl Northallerton North Y¢xkshire DL6 2XQ HSBC Bank PLC 34 We5tgate Rlpon North York5hl HG4 28L Solldtors Sollcltors 19 Cookrfd8e Street Leed5 West Yorkshlre L52 3AG In￿mMent Manasers Rathbones 3 Welllngron Nace Leed5 Lsi 4AP The Cathedral Churth of St Peter and St Wllfrfd In Rlpon ANNUAL REPORT AND CONSOLIDATEDACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 The Cathedral Church of St Peter and St Wilfrld Annual Report of the Chapter Foreword bythe Dean Thls report •¢¢ompanlesthe annual aecourts of Ripon Cathedral for 2024. It is a perfod shapèd not only bythe sea*ns of the Church'syear, but by steady wo8ress In the mlsslon and outreach of the cathedral, shaped by the Chapterfs strategltvlsion. Growing Gotl's Klnodom. This w45 a very encouraging yearforthe cathedral In rnany fespect& The nvrnber5 of worshlppers. pllgrims, vlsitor5 and school chiklren 811 exCe￿@d expÈtt8tions. The Sunday worshipping community ra5E. being 17% largerthan in 2014. The numberof visitors. IOq,000, ￿ the hiEhest on record. except for 2018 Iwhen we markedthe centenary of the armistice with a very popular exhlbttionl and 2022 (when we ¢elebr#ted our 1350th annlversaryl. The number of xhool children takln8 part in school vi&tS was well abovethe target of Laoo. And. In the area of respondSn8 to the challenge of cllmate th4rbge, we succeeded in shaping and submittinE p￿nsfOr solar panels IphotovohaK ￿Tre1$1 to be fitted to two south-facinE roofs of the cthdral. The cholr contlnued to grow and go from strength to st￿n81h, with exceptional numbers of ¢horiaers130 boys and over 30 glrls. aswell as 12 choral xholars and two or8an scholars). The cholr's tour of Bavarla In July 2024 was a veritable trlurnph and much enloyed by choir, music staff and supporters alike. The Chapterfs finance5 also held firm at a time when de£re3￿n8 consumer conAdence and the yospectof Intyeased costs forempioyer5 were Impartlng ne8atlvely on the health of the economy. The small unrestrlcted deficlt In Chapterf5 accounts for 2024 represents3 $58nlflcant achlevement. The year was not totslly free of challenge. thapterfs majordevelopment projec¢ Ripon Cathedral Renewed, thou8h supported by key regulators, wasthe sublert of some local opposltion. Much of 2024 was spent holdlng an addltlonal publlc consultation nd revi5in8the plan5 to enable a newly-desl8nated veteran beech tree to be retalned. The decision of the Chapter In ea￿ 2025 to withdraw its planning appllcation for Rlpon Cathedral Renewed Tepresents. potentially. a sl8nlft£ant setback for both thecathedral and the city. The projett would have delivered essential lacilities which are clearly needed bythe cathedral Itoilets, refectory, storage, shop, song school, meeting spa£el, facilttie5 which areiaken for granted at most other Eng115h cathedrals. It would also have provlded a rnuch-needed economic lift to Ripon. The projectalso would enable important enhancernent and conservation proj￿t5 within the cathedral building and would have helped to Secure the lonEer-term 5UStainability ol Ripon Cat￿dra1. A priority for the Chapter In 2025 will be scoping a constructive and deliverable way forward. As In all years. 2024 saw changes amongst the personnel ai the heartof cathedral life. We were 50rryto say goodbye to Some veryfalthful staff. L￿n and Rob Emmett (shop Manager and Thorpe Prebend House Caretaker respettivÈtyl both retired due to Robb's ¢r[li￿1 Illness- we wished them every Ne$51nB. Malcolm Compton also retl￿d after servlng for many years as Cathedral Hall Caretèker. Amanda Anderson. Ch*f Operatrn8 Officer. a150 decided to leave due to personal reasens ifter an all-totrshort time with us, as did ourcanon Pastor, aaire Renshaw. Is alreath clear that 2024 wlll be celebrated asa year when Chapter recrulted ￿MeexCeptIonal peOp￿W5th Impressive talerf. These include.. Carol P¥rah, Chlef OperatineOWTeer' Charfie Stewart. Governance Officer,. Sarah Godfrey, Cathedral Admlnlstr3ior.' lan Polltt Facllltles mar￿er.. Kevin Taylor. Verger, Angela Mllllnoon. Shop Manager; Alex Oawson, iayaeth.. nd Wendy Brlan. Chorlster Svper%J150r. In the area of 80veman￿, Chapterlhanked lan Ballard for hts e%￿lIent cortrlbutlon aschalrof its Audlt ond Rlsk Committee, and was pleased to aFvolnt Mark Chldley as hls Inierim replacement. In the area of sateguardlng, Ch•pter ¢ommlsgonerfJune Stott toexetute a desk-topaudit of its pollcles and prO￿l￿re5. Thls was ￿anned to be the flrst stage of a longer internal audit prottss which would provide Chapter with refreshed InsS8ht into the health of 5aleguardlng culture and practlte wlthln the cathedral. It Ls aniklpated that Chapterfs Safe8uardin8Attion Plan will be rev5sed in accordance wlth flndln8s. The cawty of Cthapterto fund str8tegic prlorRle4 not least catchlng up on years of under-investment in property maintenance. alon8 whh findlng funds to advance netzero carbon plans, contlnued to be an appropriateconcem for Chapter, notviithstanding the pleaslng pro8ress made in these areas wlthln recent years-seen In part through the Increased annual budget for property The Cathedral chU￿h of St Peter and St Wilfrid in Ripon ANNUAL REPORT ANDCONSOLIDATED ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 maintenance and the appointment of a facilities manager. Chapterwill need to #ttend to fundralslng forthe maintenance and develotThent of èxJilding5* a5well a5for advanong Ritx)n C4thedral Renewed. Chapte¢s review olstrateglc objectlve5 in the autumn of 2024 prowithd reassurants that the stratewt Growing God'5 Kingdorn, L4 mèking a p05ttive difference to theshapin8 and pro8ress of mlssion wlthin and through the cathedral. Thls has the materlal beneffit of motivating and Inspiring manyworshlppers. volunteers aThd supporters. It will be e5sentlal over comln8years to sustain the prO￿5$0f reviewing progress and refreshin8 Strate￿£ objective& ￿will also be important to maintain a sense of gratltude to God for countless In which. through falthful eye5. we can see hls prothentlal acti¥Aty In and through the cathedral, benefitfjn8 Qty. reBion and diocese. As this report and the annual accounts show. there Is much to celebrate and for which to be thankful. The ery Revd Jo Deon 01 ￿pOn n Dobson The Cathedral Church of St Peter and St Wllfrld in Rlpon ANNUAL REPORT ANO CONSOLIDATED ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 Stru¢ture. Governance and Mana8ement CoMtltutlon of the Cathedral Constiiutyon adopted 15th May 2023 In accordance wth the Cathedral Mea5ure5 2021. Reglstered Charfty Ststusochieved on 23rd August 2023 IRCN 12044561. Char•tal￿e objects The oble¢r5 of the thapter are- lal to advance the Christian relig￿)￿ In accordance wlth the falth and practlce of the Church of England, In partlcultyr by furtheringthe mi55ion of the Church of En8lènd- Ibl to tarÈ for and eon*Ne the fabric and structure of thecathedral church bulldlng- Icl to ad￿￿￿￿ any other charltable purposes whith a￿ arKillaryto the furthwance olthe purpose ￿erred to in SUtr￿paragr8ph The O)apter mull attforthe public benefit wlthln the meanlng of seaion 4131 of the Charftles Act 2011 asamended by the Charitie5Act 2022. TheAppolMment ofchapter Men*ers Ch•oer Members *ppolrrted by The tlean Senior Non-Execud¥e Member ISNEMI Re￿dentIary Canons Non-ExecLrtlve Members HIS Majesty The Bishop The Bishop Chapter wkth approval of the Blshop Rdes •nd R¢sponsibililie5 The Chaptor and Its Officer5 The Dean is Chairofthe Chapter. It shall be the duty of the Ch8Pterto dirert the overall strateEyand govemafice of the Cathedral. The Chèpter met on el8ht occaslons duringthe year. The thief Operatln8 Officer. vjho 1$ also the Chapter Clerk. attend5 all Chapter meetiTr8s. Govemance Officer acts as Millute Secretsry. Chapter members are appDlnted In actordan¢e ￿th the Cohstitution ind Statutes. Non-Executfve members/Trustees are appolnted fortemis of three years and are not ell¢ble to be re-appolnted untll at leastthreeyears have passed ynce they last ceased to FK>ld office as a r￿￿-EXe[Ut￿E membet of Chapter. Lay members hokl Offi￿ for three years buta￿ eligilAefor membership for a furthertwo temisof offl￿. New members of Chapter are invited to atterKI training courses run by the Assoclation of EnOish Cathedra15 coverlng the role and dutles of Chapter members. cathedral lawand governance. finance and risk mènagement, and to￿¢81 charity issues. Ripon Cathedral Conwltative Council The PUTFose of the Council is to furtherand support the work of the Cathedral. spirfrtual. pastoral, evan8elistil. Social and ecumenlcal, revlewlng and advlslnl upon the dire¢Uon and overslght of tlwi work bythe Chapter. The Council met on three OCCa5ions during the year. Cdlege of Canon5 The role of the College of Canons is tr) ¢on51der the Annu41 Rewrt and audtted accounts of the Cathedral. The Colle8e of Canons rnet once durinE the year. Under the new Constitutlon the College of Canons has the following fvrKtlons.' al receive and conslder the Annual Rewrr and Audited Acc(xJnts of tho Cathedrol, bl to discw matters concerningthe Ilfe of the Cathedral, cl to supportthe rnlnlstry MIS￿On of the Cathedral. The Cathedral Church of St Peter and St Wilfrid in Ripon ANNUAL REPORT AND CONSOLIDATED ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 Objertives and Activities Thecathethal's M155ion & Vlslon: Growlng Go&$ Klnqdom RlpDTr Cathedral Is oneof three cathedrals wtthln the Thocese gf Leeds, seNtn8 God's mlsslon ihrou¥h the BSshop of Leeds across the whole Dlocese. It also hasa parlsh coverlng over ￿lf the cltyof Rlpon and the nelghbourlng village of Llttl•horpe. Ripon C¥thedral'5 viwon and strnteEY, launched in 2016, and revised in 2022 is called GrowiTrq God's klngd¢M?. Growing &>d's Kmgdom should ffi¢t be rntsunderstotxl. It is notthou8ht that Flipon Cathedral orany other church turns God's world into Gods klngdom by human effort. It Is always God who provides the 8rowth 8nd tran5formatlon through hls gra￿. BLrt Is clear from Jesus, teachineon the kinEdom, ès re¢orded in the New Testsmen¢ that he encouraged hisfollowers to WO￿ in partnershlp wlth hlm. In fa¢ It can be coKluded thai the Church ex1515 to dg exaulythat, beinRChrisV5 andvibrant bjdv in the world today. St. Matthew'5 G05pel. thapter 13, contiin5 a large collectlon ofJesus' parables aboutthe kingdom. One famous￿ describes itas a mustard seed.. It is something that isempected to grow. Rlpon Cèthedr41 seeks to work with Christ. then. in dolngall that it Can to bear withess to the e￿$tIng signs of Go￿5 klngdom In hi5worfd, and to help that kingdom to grow untd God's ￿11 is done on eath as it is in heaven. Growingthe worshipping ¢ommunity Rlpon Cathedral i5flr5t and foremost a lfvln8 church. We seekto ie Jesus-sh3ped'. a ￿8¢e of vlbrant worshlp growin¥ onfident Chri5tiaTh5' a place of safetyt teaching and nurtyre for an increasingly diverse ran8e of people and a place lor exploratlon and growth In faith and servlce. The ￿510n of Rlpon Cathedral Isto be a worshlppingcommunityihat 15 8rovthn8 ThIMer￿allY ond splritu41ty. 8ein¥• Mother Churth ofthe Diore5t •ttd prodairninBthe Got￿ Newsof the Kingdom to the rexloTr The Cathedral Is the seatof the Bishop of Leeds, è place lorhls tea¢hln& the prorlamatlon of the Gospel and a centre of ￿rn]ng. With it$ 5￿ter cathedra15 of Bradford and WakeNeld, It Is one rncther church In a trlntty of mother churches forthe diocese. The vision Is to devekjp the Cathedral as a centre of pilgrim¥Ee,' enhance the'TrAsitor journev. and provhje bulldings and facilltie5to delfver the Cathedral strate￿. Promotln& DevelwlnE and Conservlng ow Splrltual and Bullt Herltage The Cathedral Is 8 pl8o that prtsmotesthe Christian faithto all who entÈr it or vi*t it￿rtUalty. It spÈaks of the Christian faith through it5 rich spiritual and built heritaEe. We will conserve and interprei Its herttage for the benefit of all. Respcffidlngto Human Need In LO￿n¥ Parther5hlp The Cathedral works wbth other5to stren8then the cornmunltyand furtheTlustlcet Feace. and ￿¢0￿clI1atIoD. engag￿￿ wlth charltle5 and portners In the reglon to 5UPPOrt the soclol care. the rellef of need and the combatSng of Inlustlce. It wlll be a place that f05ter5 wellbelng at the heart cf communltyand faces challenges together. tarbon Net Zero: Strl¥lw iosafeguard the Integrfty of tseatlon The Cathedral strivesto be sustalnable across all areas of Its mlsslon. Ilvln8 respons1￿V wlthln Its fe50ur(es as part of Go￿$ wortd. It pr¢)motesa Christian perspe￿1Ve onthe tare of God'streatS0n. The Vthes In developlng Gro￿n9 God's Kinodtsm. the Chapter was influenced by the clear longlng ofJe5us for God's world to beco God's kingth)m and for each person to enjoy Ilfe In tts fullness. Thls included referrlng to Church of En8land prlgrltSes ènd the Flve Marks of Mission. urch of En8hnd prlorftle5'. ro be a chvrch that is yOUllEer and more dnierse To be a church Whe￿ mixed e¢olo8y1sihe nom- where every person In En8land has ècce55 to an enrkhing and compelllng communrty of falth by addln8 newchurches and newforms of church to our parlshes, 5choois and chaplaincies To becomea church of m1551onary thsclple5 where all God's people are rdeased to Ilvethe Chrfstlan Ilfe. The Cathedral Church of St Peter and 5t Wllfrld In Rlpon ANNUAL REPORT AND CONSOLIDATED ACCOUNTS FOR YEAR ENDEO 31 OECEMBER 2024 Five Marks of Mls%on'. To proclaim the Good Newsef the Kingdom Toteach, bapt15e and nurture new ljelieve To respond to hurnan need by loving service To seek totran5fortn unjust 5tnJcture5 of soriety. to thallengEviolenre of every kind and to pursue pe4ce and ontiliation aThY To 5trNe to 5ofe8uard the inteBrity of creation and 5UStain and renew the lrfe of the earth From thls, the lollowin8 values, those ofthe Dlocese of Leeds were Identsfled to help shape the caihedral's mlsslon: Lowng Living Leamin8 The Prk>vttlesfor 21)Z4 ￿t￿th¢0M1￿y¢wS The Chapter reviews the priorities e¥erytwo yearsand monitors progres5 r¥ularfy. The priorities for 2024 ènd beyond Include.. PrO￿de opportunttle5 for everyone to exp￿en￿eNCe1Ience wurshlp and to develop In fa￿h,. encourage more people to participate In wor5hlp and engage in the life of the cathedral.. safeguard all who have contsct with the cathedral, erhsuring it is a safe place in which all may respond to God's cèll to life in its fullness,. Sup￿rtthe rnission ol the Oishop includingthe Noyi*on of educetion for all,. create 8 ¢èthedral wecinrt that 15 fitforpurw5efor current and future needs,. develop a vlsitor eX￿rIente that allowseveryoneto enjoy cathedral and discover somethlnB new abotst Chrlsuan faith and he¥rta8e,' continue to work In part￿rshfjp atrossthe tity, docese, and reglotrF. cdlaboratin8 wlth a wide ran8e of or8an15aUon5 and sectlons of society,. du¢e ihe Impact thatourwork has on God's earth a5 we 85plre to carbon net zero by 2030. Achlevements and Performance: Report on the Ave Maln Areas of Mlsslon Thi5 report 15 farfrom bein8 cornwehwslve but 8lves a taste of sorne of the achlevements in each area of mls%on. Growlng the WorshlpplnR Communlty Oblecrives Sncluded to.. Grow the wor5hippinE cornmunity numerlcalty and spIritual￿. Continue to broaden the opportunltles within worshlp. Increase eXcelle￿e In the fornial Cathedral-St￿e choral tradltlon- Provlde opportUlltt￿sf0r evEryOne tti engage wlth rnus￿ in 4 IlturgTrtsl ¢oniext. and ou￿de 3 Ilturglcal contexL Sustain regular onllne Streaming of worshlp.. Work wlth partnersto provhle a range of seNkesto celebrate thelr communitle& Contlnue Improvlb)ethe work of C3 Icathedral Communlty Connectlonsl wlth partnercharit￿s Thanks to the rninistry arKI efforts of the Cal￿n PTecentor. Canon Past￿, Director of Music all mu51c department daff, the Pastoral Care Team and Count￿$$ volunteers and members of the congregation. signilicant progress and achievements were seen, 45 the following examples show: The numberof people wor5hippinE corrtinued to grow yejr-on-year, with 5und4y?ttendèThce belng 17% higher thaTh In 2014. Prayer¥roup5 and study group5 were heldthroughoutihe year, especIal￿ In Lent ind Advent The provislon of a breadth of worship Stylescontinued with Messycathedral and Healln8 Ser¥￿e$. Neadyall Sunilay Eucharfsts were covered byvisltln8 cholrswhen the Cathedral Cholr was on hollday, and all but ttvo SuThday even50ng& 10 The Cathedral Churth of St Peter and 5t Wilfrld In Rlpon ANNUALREPORT ANDCONSOLIDATED ACCOUNTS FOR YEAR ENDED 31 DECEMBER2024 A cl￿1r(hrlstrnas CD, the first cholr CO to be produced at Rlpon In rn•ryyears, whlch wa5 Qn sale In tirne for Christmas. The choir held non-libJr6ical choral concerts,. these were extremety poputsr. choir held an ett￿melY suc¢essFul tOUT to Bavaria, the firstforeign iour Sin￿ COVID. Everysunday 10.30am Eucharist wa5 streamed. along whh another 12 seNces In the year. Including even50Tr85 and carol swwces. Senrice5 were held for or In partner5hlp wlth manyorBan1￿tIons, including.. North Yorksh1￿ Pollke Ioakleaf 5ervlce for those bereaved through road troffi¢ a¢cidentsl,. RAFA (Bèttie of Britain); Lo¢al communf(y (Fallen Leaves bereavement Se￿Ce and Instslla￿oTr of the Mayorl.. Schools lincludlng Leaver5 Semce. O)dstm85 5ervicesl,' The jewish rornmunity (Holocaust Memorial Dayl,. The YDrk5hireAgricultural Society (Plovgh Sunday. Farmlng Sunday, aryest festival,. leadln8 worshSp at the Great Yorkshlre 5howl,' the Mllltèry (Remembrante and Freedom parade51.' CivlcAutharltie5 IMHyorHI 5eNicefor Ripon Ctty Councill.. The Llputenancy Hnd the Shrievaltylinviied tts mony services thT0￿q￿ut the year.) The cathedral contlnued to work with manycharifjes In the local communltythrough the efforts of C3 (Cathedral Community Cgnnectlonsl. in¢ludlnB The Refugee Councll. Dernentla Fo￿ard, 54lw4tlM Amiy. Communtty House, YMCA. JennyRuth Workshops. RipDn Walled Garden, and Christian Aid. Pastorol Ca￿ lsthe foundatlon of a healthy ¢hurch communlty. Thls was strengthened wlth the P￿￿slOn ol bewvement groups forthe second consecutlve year. Befjng o M(ther Chyr¢h ol the DI0￿¢ The Dean continue5tO 5eivethe Bishop of Leeds os a mernEerof his Senior staff tearn. He 15 a member of the Diocesan Board and Oiocesan Synod. He works closely wlth hls fellow deans ensurlng the three cathedrals work together in supporting the diocese. Thethree cathedra15 conUnued to share the diocesan swvice5 In whlch the bishop Bathers the dlocese together. Objectives int1l￿ed to.. Increase overall number ol pup51sl$twlents ￿endIng learning attl￿tIeS DÈve&)p the cap8cltyol the Edutatlon Department Increase and broaden adult learningopportunities ThaDk5 ttiihe mlolstry of the Canon Chancellor, the Educall(Fn OfflceT. Educatlon Volunteers and the Members olthe Education Committee, s8nlficant pro8ress and achlevements were seen. a5 the folbwln8 emamples show". The nUm￿rS of children participating in edutation workshops exceeded the tsrget of 1.000 More volunteer5 with proven rapability and experience were trained to proviilE eduratlon sesslons The first steps were taken to estsbllsh an adult le8mln8 operètlonal group. dr8wln8 on experts alrea0* known to ttr cathedral PMmotln& De¥elopmentand Conservlngoursplriiual and Bullt Herltsge The Chapterfs major development projecl, Ripon CothedrolRenewedt generoted signifiunt interest both vocal oblectlons •nd supportforthe scheme and the debate wlthln the clty has been £hallengln8 and dlfflcultforeyeryone, but espEtialty for cèth&lral staff supporter& Chèpter responded by5pendin8 time and resource in awendinz plans ln a way which would safeguard a veteran beech tree and siill satisfy key re8ulator& This process be8an with an extended perlod of consultation. The need forihefacllrtles whlth the proposed new bulldlng WOU￿ ddlver8rgW5 evermo￿ urgenL and we belleve, a$ we afvrfays have. thatour development rnust be part of a wideragreed plan for the clty. Th15 Include5 creatlng a'cathedral Quarterf. wlwch would deliverwider benefits to the city and County. As 4 result, central to the devdopment tsf ourplansf¢rthe annex has been a bdief thai we were working wlthlnihe Nei8hbDurhood Plan (adopted after a local referenduml to createthat Cathedral Quarter. However. we were saddened that Ripon Council dKI not 5UPPOrt the proposed annex In Its December tnEetln& desplte the mèny ebquent arguments placed before them and ihe amendmentsthat had been made to retaln the beech tree. In addltlon, we continue to be asked for ever more proof of vtabllltyand Il￿tificatIon within the ￿anDIng Systern. This led to chapter wlthdrawlng t￿ curnent application earty in 2025. with the intention of allowin8 further development and amendment cf our plansto be dlscussed constructlvely and poslt6vdy-balanclngthe manycomplex constralnts and opportunriies. The Cathedral Church of 5t Peter and 5t Wllfrld In Rlpon ANNUAL REPORT AND CONSOLIDATED Accouwfs FOR YEAR ENDED 31 DECEMBER 2024 Apart from the set back with Rlpon Cathedral Renewed, the cathedral hès enjoyed a Ternarkably successful year in welcornin8 vlytors and pilgrims. The number of w5f(or5 in 2024 isihe hlehest on record fora 'normal' year, exceeded only by 2018 Ithe ¢entenary of the armlstkewhen ihe cathedral h05ted a popular ethIblt￿nI and 2022 (when the cathedral telebrated its 1350th annlversaryl. 5trateglc oblethves fortheyear Induded to.. Contlnue to recrult more Welcomers, Guldes and Chaplalns. Provfjde volLmteer tralnlng, Includlng Iccatlon seminar5, and a trainln8 se551on on Ilstenln8 sklllsand re&lIen￿ so as to help ￿sItorS needlng to talk wlth someone. Develop and extend resources made 4WdilalJleto visiior& Includlng by revIewl￿ e￿5￿nE pro￿l0n of handouts and Interpretive signage. Complete the Crypt Bench project. Publiu5e and prts￿de opportvnities for pilgrimage both to and at the cathedral. Create malntenance and management plans forall buiklings beyond the thurch, withln the wider cathedral estste. Finalise the re￿slo￿ ol the buildings rlsk re8lster. Improve the managementofthe Inventory Thanks to the Èfforts of the Canon th8ncellor. the Chalr of the Fabrlc AdV￿oryc¢mMittte. the Chalr of thÈ Building5 Commrttee, the Facillties Manager. grounds and rnalntenan￿ staff, the members of the Bulldings Commlttee and the Welcome, Pilgrlm3ge arKJ Heritage iammitteÈ and its sub 8roups, along wlth the Invaluable support of a growlng number of volunteers, 5l8nlfi￿nt progress and achievementswere seen, a5 the following example55how- The rots for welcorners and ¥Ltides was filled aryj seveTal ttaining sessions off￿. with extremely good take up. New materials were created. alonE Wlth u[￿ated presentatlons of some exlstlng vwtor maEerl81. The Crypt Bench project wa5 expanded in Scope. thar*stothe support of the Frfends of Ripon Cathedral and a generous do￿r. with a revised completion date of 2025. An increased number of parishes and diooson groups held ￿lgrim88t$to and within the cathedral, encouraged in part by the cathedral adverti%nE dale55et aside for pilgrirns. The revised Buildiny Risk ReEister was actepted by Chapter. Chapter TEceived the report of the initièl scopin8 exercise, completed •s part of the Northem Cathedra15 Care of Colknions projecL 5hDwin8 the work required to progress towarits RE4>Mdlhgto 1￿Man Need In L￿An8 pathe￿IP The Ripon Caihedral Rural Forum. chalred bythe Dean. wlth Its steerlnggroup chaired by the Canon Chancellor. continued to drèw reglonal grgantsatlonstogether to explore Issuesfaclng the rural communities farmers and bu￿nesSeS of North Yorkshire. Ha￿ng overthirty member organi51tion5. including North Yorkshire Councll. the two reglonal nètional park5. York5hlre Agricultural Society. the N4tion81 Famiers Union. the Country Landowners and 8usinessesAsSOCiation. and Yorkshire Water, the Fornm heard the Ins￿ht5 and aspiration5 of the newly elected Mayor olthe Comblned Autlx)rttles of York and North Yorkshlre. In another meetln& members were glven a deep insi8ht Into the challenges facin8 schools and edu¢atlon#l Institutions In rural North yo￿sh￿re. Thls resulted In the Forum calling fora fairer fundw mechanism forrural Schools In the north. The Rlwn Cathedral Rural Housln8 Forum contlnued to meet, brfn8 together a discreet nurnber of landgwners, housing $50Ciation5 and regional ch3Tlties to explure how blocks to small-scale, affordable housing developrnents can be JchSeved In rner sparsdy ￿pulated areas. The Dean was Inwted to W51t one such successful development In BalnbrSdge. The year sawthe consolidatlon and streThgthenlng of the Infant Rlpon Cathedrol Rural Ministry Forum. In ￿rtnership with the 81shopof Ripon, this prowide5 5UPPOrt and inspiration lorord8ined and lay leaders of rural thurthe5 acmss the whole dlotese. One Me￿￿8 In the year was addressed by the Rural AdvlsoT of York Diocese. providlng encouragementto those mln15tering in tradltk)nal ￿r￿Sh settlws. Another rneeting wa5 Èncoura8ed byihe in￿ghtS of a female farmer who done much to promote women in farrning, and a well-known rÈdonal brewer. The Cathedral's Community Connectlons IC31 has contlnued Its ￿tal work In helpinz a ronge of tharities across the cltyof Rlpon. Support Was given to relugeesfrom both Af8hani5tan and Ukraine. C3 also played its usuèl key role In helplng to organise the annual Ripon Sights and Sounds even( In whlch local charitles and BfoLW5 are atAe to showcasetheir work and recruit additional support. Arrf¢Kd number. over 1.000, attended the cathedral lorthis cdebration of communr¢y Ilfe. 12 The Cathedral Church of St Peter and St Wilfrid In Ripon ANNVAL REPORT ANDCONSOUDATEDACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 C¥bon Net Zero: Strl¥kn¢ tosafeguard the Int4rityof Creation Thls ffth strand of mlsslon was identlfied as a m?jor priority within the 2021-22 review of Growlng Golfs Klngdom. Under the chairmanship of David Elsy. with the support olthe Canon Chancellor and a 8rowln8 numberof able and committed Committee members. a vlslon and strategyfor movin8 tOW4rds carbon net zero has been a8reed. strate8lc objettive$forthe year Included- Drawlng up plans, with the support of re8ulators. for photrjvoltsic IPVI ￿ne15 ta be installed on sorne of the cathedral's SOUlh-facin8 ioofs. Congre8ational Eco Group to encourage the congregation to become'8reener'. Securlng an A Rocha International Silver E¢0 Church award. Reductlon In the use of paper. Reductlon in energy consumptlon. Inc￿a$￿nI biOd￿er$1ty￿hin the Cathedral estate. Thanksto ¢ontribution5 bythe cathedral's architecL archaeologlst. envlronment officer. development departmwt, admlnlstratlve Staff, and yo￿nteerS. progress was made, intluding.. A plannlng applkatlon submitted for the Introduction of pv panel& Pro8ress wlth th15 project 15 antlclpated In 2025. The Eco Group held Several educatlonal events In the yeaiand organised two Inf0m￿tIVe exhikn'tions. The requlrements ofthe sllverA Rocha award were tornpleted. Ordersof serrite were made available to member5 of co￿resationS usin8a QR code. thus reducln8 the number of printed orders of servlce requi￿d. LED liEhtin¥ wa5 introduced in%de the cathedral. reducin8 electritityconsurnption by over one third. Annual wiktlrfe and flora counts wfrthln the cathedral's estste were instigated. An8nclal Revlew General Sttuatlf Ichapter fi8ures ontyl Rlpon Cathedral had a re&￿￿bleYearf1na￿cla1IY In 2024. Total Income Increased by arouTrJ 3% to £1.975rn. W￿h1n thi55um, legacies were Significantly up at £148k12023'. £7kl. Otherwise, grants. donJtion5 and collections were all down on the prior year. Fees from use of our facilities and income from the shop were both StrOn￿V vp on o year aEO. Expenditure was up by much morethan income. Thls was largely dueto the costsof the Littlethorpe benefiee belnE included for the flrsttime. These are actual cash costs of Chapter but are included under accountlng rules a5 we have control over dspects of its 8overThance. 5econdty. we showed a welcome increase in much needed repalr and malntenance costs followin8 the hiring of a Fa¢ilities Manager. Ovuill, we showed an vnrestricted dellcltof £60k whkh Isaftera depreciation ch•r8e 01 £40k. so a mode# ¢ash deficrt of £20 The Finance CoThmlttee chalred bythe Canon Treasurer. together wlth the Audit & Ri5kCommittee. continue to provide scrutlny. challenge and support not only in the areas of finan￿ but across all areas of rlsk identlfied underthe risk manègement framework. Our investrnent portfollos had a verygood year In 2024 delfvertng a net Income gain of £st15,(￿. Thetotal portfollos ended the year at a valuation of f5.1rn. Thestatement of financial Bctivities can be found on page 20, wilh a detalled breakdown on paÈes 29 onward5. The Chapter contInL￿t0 loc* at new Initlatlves to increase current Inttsmestreams arKJ generate new of Income. 13 The Cathedral Church of St Peter and St Wllfrld In Rlpon ANNUAI REPORT AND CONSOLIDATEDACCOUNTS FOR YEAR ENDED 31 DE￿MBER2o24 Polity Oh rel•tionto reserves held in unrestrirted fvfvds Unrestrlcted cash rese￿e$ at the year end were £319.86012023-. £488,835] and are held In a comblnatloTh of cash held at the bank and financial Invesiments. managed for the Cathedral bya professK)nal fund rnanage￿nt company. Chapter has tjeveloped a policycovertng reserves, wlth the objettwe to grow unrestrlrted reseNÈs continuously overtime. ChaptÈr seelsto ensure that, at point in time, unrestrlcted cash is excess of 3 months, normal operatlng expend￿ure. The cathedral has no debt. These rM)Ilcles are monltored through regular monthly management accounts and the rneetings of both the Frnan¢e Committee and chapter. In 2024the cathedral was In COrnF41ance wrth Its reserve5 policies throughout the year. Level of reserves At 31 December 2024. the Cathedral had £319,860 In unrestrfcted General fund cash reserves. whith Is equlvalentto overihree months. norrnèl expenditure. 51gnlHcant events Ourlng 2024 the Ripon Cathedral Renewed project continued to develo Investment poll Chapter See￿ to Invest responslblyand wlll ensure that ￿$ Investments ￿fle£1 the ethlcal values held bythe Cathedral. In rnakin8 any Investment Ch3pter will refer to the EuldarKe set OLrt In Church of England'5 Ethlcal Investment pollcy. Ethlcal investment restriction5 apply to direct holdings in cornpanie5 involved in indi5crirninate weaponry, or conventional weaponry. pornography. tobacco, 8amblln& non-mllltary lirearms, hlgh-IntÈrÈst rate lendlng, human embryonic clonin& extr8¢tion of themial coal and production of oil from oll sands subject to revenue thresholds. At the start of 2024 our Stocks & shares Investments were held wtth Investec Wealth & Investr￿dnt IUKI which wastaken over Rathbone5, but our portfolio remains uTrderthe name of Inve5tec Wealth & Investm?nt IUKI. The kylmary oblectlve of our Irwestrnent rem3in5to provide lonB term capttal growth. The second oblectlve ￿mal￿st0 produce sustainaNe income and thethird objective Is thatthis income will aim to increase in excess of the prevalent rate of Infiatlon. l investments are Compliant with the Church of EnÈland Ethical Investrnerf Policy. The value of the In￿StmEnt portfollo on 31 Decernber 2024 was £5.100,503 which cornparesto £4.733.838 as at 31 December 2023a rise of 7.7%. The Investment C¢mmlttee Of Cthaptertontinues io monitor ¢l¢Mly both the rlsk profile and returns of the Invemment portfolio. Afvu summaryofthe Investments Is provoded In Th)te 7 & 8. In accordance wlth the A550clatlon of En811th Cathedral Re8ul8tlon& InvEStrnents are IrKluded at bld prlce. All movements in the d price are reflected In the stètementof financlal actSvltres. Total R•tyrn l Loss on Other Inv¢skn¢nts 2024 2023 Gross Income Fl¥ed IMe￿$t UK Equities Overseas equitie5 Natfjonal Savlngs Total Gross Income Galn on revaI￿tIonS InVe￿rneDt Managementcosts Totsl ReturnllL0551 on Other Investry*nts 25.079 34,886 33.274 377 13.902 26.938 37,111 302 7B,253 449,457 124.5571 503,153 93,616 544,897 123,5881 614,925 14 The Cathedral Church of St Peter and St Wllfrld In Rlpon ANNUAL REPORT AND CONSOLIDATED ACCOUNTS FOR YEAR ENDED 310ECEMBER 2024 Majorsourees of flnanco The malor sources of Income are from the Church Commlssloners, grèntiowards lay salarfes. The stlpends of the Dean and the h¥0 Canons are pald by the Church Commfj5sfjoners. Ind the Dlocese paysthe stlFend of the Canon Chancellor. Cathedral Propertles Propertyvalues have been included in the balance sheet in accordance wth the guidelines. Investment prgpertles are those frorn whlch a commerclol rent Is obtolned. The propeTty valuatlon5 ￿￿e prepared in 2021 by Sanderson Weatherall. Thechapter Investrnent propertiesare reviewed and profe55ionally revalued every 5 year& This Independent valuat5on15 not required untll the 2026fFnanclal accounts. Chapter has agreed that the level of Investment property valvation is reasonable the context of the kst Independent valuatK)n and market condltlon5 preval11￿ since then and now. The investment Propert￿S0wTred bychapter andlor its subsidiary enlities are either residential or hospitality and retall entttles. nce the last independent valuation, valuations In these sectors in the UK have been broadly flat in hosPTtality and mOdes￿V dowi in resiLlenti¥l. All such prcpertles are the subject of cemmercKal tenancles whlch alm to mlrror the market Th)rms. Chapter Is cUrren￿V rewewin2 the rentsl terms of its resSdeniial portfol￿ and plannlng a siaged rental In¢￿•se. Gfven all of the above, Chapter con51der5 that the value at whlch Investment propertlesare stated in the ststytory iccount5 Is fair and Tea50nable. The propertie5 are valuEd in accordan￿ wtth notes 6 and 9. R•palr and M*t¢han¢¢ of th* C•th¢dro1 The followinE information 15 based on the Cathedrèl'sforward projert/maintenante aseonsidered by ChaptN and which under review. Some of the majorproject5 in futureyearsore ccnditional on grnnt old Jnd fuDd5 raised bythe Ripon Cathedral Development ampBI8n. pon Cathedral Renewed isa large project incorporating improvements to the visttor experience In the development of new laclllties on the north ￿de of the cathedral. A bter phase of the kyolertwlll see 51Bnlficant lrnwovements to the visttor empwlence In the cathedral. 2027 £k Z02 £k io £k io £k Repalrsto estate walls Ripon Cathedrol Renewed Repairs to Minster House Estale Treework Coach House repalr5 PV Solar Pènd Proje Renewed phase 2 Estate repairs General cathedral ￿paIrS io io io io 4.OtM) 180 loo 2,5(M) 17 19 20 20 Total Expenditure 265 4.251 4072 173 2￿73 Reserves Uffttettrfrted funds held In reserves have accumulated over the year5 from le8ades doTh*loTrs, and gains tsn 055ets. These reserves are held forthe cathedral'$ miss¥)n In its widest sense. 15 The Cathedral Church of St Peter and St Wilfrid in Ripon ANNUAL REPORT AND CONSOLIDATEDACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 M•ior Itwsof e¥p•ndltur• During 2024 prellffllnary works contlnued on the Pvsolar Panel Prolert at a c05t of £30,681 whSch wa5fundedfrom Chapter Ilt￿5. We contlnued to IncuT expendlture oThthe Renewed project In 2024tothe surn of £58.954. rna￿ng amendments in resp)nse to comments received on thÈ stheme. s￿r¢e5 01 finance As In previous years, the maln sources of finance have been from voluntsrydonatlons, Investment inu>me Ind legacles. Fund5 have beeD raised through grant èpplicotion51or rnajcr projerts. Report Irom the Fabrlc Advlstyycommbttee In the last flnanclal year, the Cathedral'5 Fabrfc Advlsory Commlttee metformally on four occaslons. They oversawthe development of ihelollowing project5.. Photovoltal¢s Projectto the ltswerr¢)ofs Chapel of Resurrection- Interments Ripon Cathedral Renewed The Inventory Project R15k Managemert The Chapter has created a Rlsk Reglster whkh 15 r￿eWed every quarter to mgnage the varlety of rlsks across the Cathedral. Cathedral Polldes The Cathedral hasa wlde range gf ppllcles In pla￿. some olwhlth are Ilsted bdow.. Recruitment & Selection Poliry Diversity Equity & Inclu51on pollLv Safe8uardlng Policy Capability Policy Whi￿leblOWIng pollev Matemlty pollry Full rangè of HR Policies induding 4 beh4viour5framework Prtndpal rlsks ind ￿¢9rtaInfI9s reful consideration 15 8iven to all major risks to whichthe Cathedral is exposed. Chapteris responslble lor ensuring effectlve r15k managetnent and thatthe Internal ¢ontrol$ a￿ in place to approprlately manage the organisation5 rf5* emposure. The othedral reco8nlses that anyrlsk mana8ement 5YStem caTr only rnanage rlsksand not ellrnlnate them effl1￿￿. The cAt￿dra1,s Insurance cover Is renewed annUar￿and Is Current￿ prowded by Eccleslastlcal Insurance who ¢ornluct a ￿lSIt every year. Controls are In place to ensure the Cathedral's finandal activlties are properly managed. These Include budgetary control, account recon¢ili8tion pro￿ur&s. cash accountin8 procedures and monltorln8 of the Cathedrals Investment strate8y and relatÈd risk& Managemert accounts are r￿eWed bythe Flnance Committee each quarter and the Chapter earh rnonth. The Cathedral worked hard durlng 2024on thelr Cyber E$5entlals. In December we became the2nd cathedral to galn the accreditation. The role olthe Cathedr4 In ¢ho DSot4s* of Leeds RIpDn Cathedral isone of three Cathedrals In the Dlo¢ese of Leeds.. a unlque arrangement In the hi5toryof the Church of Englènd. It Is a mother church to the whole dlocese. A5 such, it15 a focu5 for unity and its activibes of prayer. witness a worship support the BI5￿P In his mission to all people and tommunitles w￿h1n thÈ dlocesan boundaMe& io The Cathedral Church of St Peter and St Wllfrld In Rlpon ANNUAL REPORT AND CONSOLIDATEO ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 I three cathedrals RiFM)n. Wakefield and Bradford serve the Bishop as ¢entres of mlssion and In provldlng a platfom) for hls teachlng and publlc mlnlstry wlthln the reglon. The three Deèns have proposed thatall the tathedrals be regprded as centres ol excellence In rÈlètlon to Iltur8y. tnu5ic. and mi55ion. butthat each cJthedral develops area5 of spetialisrn. For Rlpon Cathedral these Include rural MIS￿0Th. educatlon, and mlnistry to the miltiary ¢ommuntties cf North Yorkshlre. The three Deans have also adopted a ihree-year cycle of diLKesan celebratlonsthat results In the Bishop of Leeds being in each of his cathedrals fortwo of these each year. In 2024 Blshop Nlck was in Ripon for Easter Day. He was also in Cathedral forthe instr1￿tionS of camn5. a5 as a host of other Cathedral and Dlocesan events. Cathedral weltomes rnanyvisi(Ing preachers. Includlng members of thecollege of Canons, everyyear. The Dean ond reshlentlarycanons also preach. teach and ministerthroughout the diocese. The Rnunce Comrnltteeath5es Chapter In Its respons1141tt1es In the flekl of fina￿￿71 and Investment management. Thls committee is fomi¥lly est)bli$hed bythe cat1￿draI.5 Constitution and Ststute& TheAtsdit& Risk Committee Is a Ststutory bodyi the purpose of whithls to enablechapter membersio meet thelr responslbilities by provldin8 Independentoversight of the cathedr81's systems of intemal control. rfsk management and financlal reportin& and throuEh supeNsion of quality. independence and effectlveness of the extÈrn&l auditors. The FL7brlcAdvlsory Commlttee Is a Statutory bDr4f. which rewrts to the Cathedrals. Fèbfic Cornml551on for England. M has teTr members. No work may be rarried out on thecathedral that would materialty affett Its archlte¢tural, archaeolo8ical. arli5tic, or #orfc charather, nor may any arCh￿￿tural. archaeoh)8l¢al or artlstlc Interest be sold, lent or dlsposed of with)utthe approval of elther the Cornmi5s1on or the Fabrlc Advlsory Commlttee. The Nominotlon5 Committee wa5 estab115hed to undertake the followln8 StatLthryfunctk)ns: I to advise the Chapter on the recrultrnent of non*xe£uUYe members of Chapter.. bl to ?dv75e the Chapter on the recfuitrnent of mernbers of Chapter Commlttees,. cl to Id￿sethe Chapter on the training needs of members of Chapter.. and dl to keep vnder rewewthe skills, knowledge and experlence ol, a5 well as the dlverslty among, members of the c￿pter andto recommend improvement5to Chèpter where they are identified a5 necessary. Addltlonal Commlttees In addilK)n to the above statutory commTttees. these followin8 committees h•ve been e5tabllshed to support the newlv launched Vision and Strate8y'Growlng GOLI'S ￿ngdom,. Worshlp and Muslc- chaSred byTheCanon Pre¢entor. Canon Mlth?el fjisboume Chvr¢h 6mwth- ch)1￿ byThe Canon Pastor Welcome, Pllgrlmageond Herltoge- chaired tyThe Canon Chancdlor. Canon Matthew Pollard Education urJdAIIAge Leornln9" chalred bythe CanoTh CharKellor, Canon Matthew Pollard 8uildinqs-chaired ty Cènon Slr Andrew Lawson-Tancred Rur•lFor(Jm Exetvtive- ¢hJired byThe Canon Chancellor, Canon Matthew Po113rd Communlcotion ondmorketlng Stmtegy. th81red by The Dean Netzero ond 5￿￿T{￿JMen1al- thalred by Da￿d Elsy Development Commlttee- chalred by The Dean Audit& Risk- chalred by Mark Ubidley Sofeguording- Chalred bycanon John Wood Nominations- Chalred by CaTh)n And￿W Kitthlngman 17 The Cathedral Church of St Peter and St Wllfrld In Rlpon ANNUAL REPORT AND CONSOIIDATED ACCOUNTS FOR YEAR ENDED31 DECEMBER 2024 Howdecisions are mide The Chapter dlrects and oversea5the admin15tratSon of the affairs of the Cathedral. In PBrtlcular. it decides onlhe general dlrethon and mlsslon of the Cathedral. orders the worshlp, approves the annual ￿￿get a￿1 approvesall policle5. The Chapteffs deci5ion5 are now infiuenced by the vi%oTh and strategy of Growlng Gods Klngdom. Senlor MonaKemwtTeam A Senior Management Teèm has been established as part of the Cathedrdl Measure 2021. This team is accountsble to the Chapter forthe exe£utlve mana8emÈnt olthe CathÈdral and is reswjnsib￿ forforrnuLiting Strategies, plans, and bud8ets for approv41 of Chapter. It meetsevery fortnlBht and conslsts of the Dean. each residentiary canon. the chlef officers and any such mberof staff as the Chaptertonsiders appropriate. Arr•gements fDr5ettlng theremuneratlon of keysenl(v staff The payof seni¢r5taff is Set on appointment In relat]on tD market r8tesand comp8ratlve cathedral rate& Statementof publk benefit As a Cathedral of the Church of En813nd thechapterfs sMu¢ory responslblllty underthe Cathedral's Measure 20211$ to be the seat of the Diocesan Bishop and a centre ol worshlp and m1551on and provldlng a focusfor the life and work of the Church of England in the diocese. The Qthedral not onlyservÈs the ¢ommunityd)ily in it5 religious and charltable WOTk but Is an actlve resource ol national importance In the promotyon of ￿l[lI0n. musSc, hlstory and archltetture. The Cathedrafs Annual Review. along wlth hs Annual Report. describÈs thÈ activtties that dÈli¥erthese core publir benefits. ApproYJl Thts annual report andthe wnsolldated finan¢lal ststementswere akwroved by the Chaptwon the OS 2015 nd sl8ned on It5 behaTf n R Dobson •• ol Ripon 18 The Cathedral Churth of St Peter and St WIFfrid in Ripon ANNUAL REPORT ANDCONSOLIDATED ACCOUNTS FOR YEAR ENDED 31 DECEMBER2024 INDEPENDEp￿AUDITOR5. REPORTTO ThE ThUSTEESOFTHE CATHEDRAL CHURCH OFST PETERAND sfwiLFRID IN RIPON Opknl We have audlted the finandal statements of The Cathedr41 ChuTrh Df St Peter and St Wilfrtd in RTpon for the year ended 31 Detrmber 2024 which comprisÈ thÈ tonsdidated statement of flnancSal actlyltles, the £onsolidated balance sheet. thÈ balance sheet theconsolldated statement ol c35h fftows and the related notes. Including a summary of signlfi¢anta¢countlng pollcie5. The financial reportlng framework that has been applied in their preparation Is applicatsle law and United Kingdom Accountin8 standard5, Including Financial Reporting St4ndaid 102 'The Flnanclal Rew)rtln8 Stsndard appli(able In the UK and Republic of Ireland, Ivnlted Klngdom Generally Ac￿pIed Accountlng PraC￿ce). The financlal state￿￿t$ have been prepared in accordance wTrih Accountlng and Reportln8 by CharlVe5 Prepar1￿ their acceunts in ac¢ord•nte wlth the Financlal Reportlng Standards appllcable In the UK and Republic of ITeland IFR5 1021 in preference to the countlng and Reporting by Charltie5.' Statement ol R￿0MMended Prathi¢e issued on l April 2005 whlth15 referred to in the extant regulotion5 Ixjt hasbeEn withdr8wn. This hasbeEn donolnorderforthe accounts to prO￿dea true and fabr￿e￿ In accordance wlth theGeneraltyAc£epted Accou*tinK Practlce effectlve for reportlng perfods beglnnin8 on or after l January 2019. In our oplnlon the financlal statements.. glve a true and faiT v*w of the Mate ol the Cathedral and Broup's affalr5 as at 31 DeCem￿r 2023 and of its rnumlng sources and applicatfjon of resourtts for the year then ended,. have been propedy prewred In accordance Mth United Kln8dom GenerallyAccepted Accountlng Pratti¢e.' and have been prepared In accordance wf(h the Euidellnes 5pecrfied by the Church Comm155ioners Ur￿er the powers glven to thern by sertlon 30 of the Cathedrals measu￿ 2021 and In accordance wlth the Charffies Aci 2011. B*sis for oplnlon We conducted our audit in attordance wlth Internatlonal Standard5 on Auditing IUKI IISAS IUKII ènd appllcable law. Our Stv)n5itillties under those standards are further de5crfbed In the Audhtors, responsibilitle5 for the audlt of the flnanclal statements 5ectlon of our report. We are Independent of thE Cathedral in accordance wTth the ethical requirements that are relevant to our audFt of the financial statements In the United Kingdom, intluding the FlnèrKial Reporting Councll's Ethic81 Standard. andwehavefulfilled ourother ethic31 respOn￿bIlItIeS Sn accordancewlththese regulremems. We believethatthe audit evldence we have ¢)bt•ined Is suffluÈnt and approprlate to provlde a basisfor our oplnlon. condus1o￿ rtlatingtogoln8 con¢em In auditing the flnarKlal 5taternents, we have corKluded that the Trustees, use of the goln8 £on¢¥n ba$15 of accountln8 In the preparatlon of thE fftnanclal statements 15 appfopriBte. 8ased on the work we have perfomied. we have not }dent￿led any M￿e￿al uncertalntles relat4n8 to events or conditions that, indivldually or tolleclively. may cast slgnlficant doubt on the Cathedral'5 ablllty to contlnue as a golnB concern for a perlod of at least twelve month5fr0rn when the financial statements a￿ 8vthoTised forlssue. Our responslbllhle5 and the respon￿bIlItIeS Of the Tnjstees with respett to 8oln8 concern are descrlbed In the relewdnt sectli of th15 report. Other Informallon The other information comprlses the Informatlon Included In the annual repDrt other than the financial 5tatemeDts and our audltors. re￿rt thereon. The Trusteesare responsible forthe other Information contsined wf(hin the annual rwrt. Ovropinion on the fIna￿tha1 statements does not cover the other inforrnation and, excem to the extent otheTwlse e¥plicitly stated In eur repory we do not eMpre55 Iny form ol assuran￿ conclusion thereon. Our responslblllty Is to read the other information and, In djlng so. consider whethèr the other informatlon Is Malerial￿ inconsistent with the financ4al statements. or our knowledge obtained in the course of the audit. or otherwise appears to be materlally mlsststed. ff we Identlfy such materfal irKoh5iStencies or apparent material rnlsstatements, we are requlred to determlne whether th15 gives r15e to a materlal mlsstatement In the rinancial ststements themselves. If, based on the work we have performEd. we cor*lude that there 154 material mls5tatement of thls other inforrnation, we are reQui￿d to rewrtthatfact. We have nothlng to report In this reBard. 19 The Cathedral Church of St Peter and St Wllfrld In Rlpon ANNUAL REPORT ANO CONSOLIDATEDACCOUNTS FOR YEAR ENDED31 DECEMBER 2024 INDEPENDENT AUD￿oR￿ REPORTTOTHETRUSfEES OFTHE CATHEDRAL CHURCH OF ST PETER AND ST WILFRID IN RIPON Matthrs on weare rety1r￿ to report by ex¢epfjoh We have nothing to report respect ol the following matters where the Cathedrals Measure 2021 and charl￿e$ (Accounts and Reports) ReEulation$ 2￿8 requires usto reportto you if. in ouropinion.. the Snfomiatlon g¢ven In the Annual report Is Inconslstent In any moterfal ￿$p￿twIth the financlal statements- or sUffi¢l￿t accountinc re¢ords have not been kept; or the finan￿31 statements are not in agreement with the ottountin8 records.. or e have not received all the information and explanation5 we require lorouraudf£. Respon5ibllStles oltrustees ASe￿￿aIned morefultyin thetrustees. responsibilitiesstatement, theTrusteesare rÈsponsibleforthepreparatlon of the firwnclal statements whkh 8ive a true and fair view. and lor such Internal cortrol as the Trustees determine Is Thece5sary to enable the preparad*)n of finanrlal ststemthtsthat are free from matèdal rnlsState￿￿nt. whether dueto fr8ud or EITOr. In preparing the tlnancial statements, the Trustees are responslble for assesslng the Cathedral's ability to continue as a 801118 concern. disclo￿ng, as applltable. matters ￿lated to going £on¢ern and uslng the going ¢oncerTh ba￿$ of accountin8 unle55 the Trustees elther Intend to Ilquidate the Cathedral or te cease operatlons. or have no reallstlc alternatlve but to do SO. Audltors. responslbllltlesforthe audSt of the flnanclal #*ements We have been appoint￿ asauditoiundeisettion 145of theth4rftlesAtt2011arKI rew)rtlnarcordancewTththE ArtandTelevant ulations made or h8￿n￿ effect therÈunder. Jr oblettives are to obtaln reasomble assurance whether the financial statements as ? whole are free from materlal misstatement. whether due to fraud or error. and to issue an auditors. report that Fncludes our oplnlon. Reasonable assurance is hieh level of assuran￿, but Is not a euaranteethètan audtt condurted in aetordaneewtth ISASIUKI will 8lw4ys detect a materfjal mlsstsiemeni when It exlsts. Mlsstatements can arfse from fraud or error and a￿ £onsNlered ry7aterial rf, Indlvldually or in the ggregate. they could reasonably be experted to inftuence the econornlc deci4on5 of u5er5 tsken on the baths of these financl21 statements. IrregulaTlti2& includin8 fraud, are tn5tance5 of noTrcornpliance with laws and regulatrons. We de518n procedures in line with our resp)nsibilitie4 outlined èbove. to dètett materièl misstatemerts in respe¢t Of irregularit*s. incluthngfraud. ThÈextent lo whlch our procedure5 are cap?ble of detectlng Irregularltles, IndL*JinR fraudls detslled telow. Our approath to identifwnE and a55es51nB the rfsk50f rnaterlal mlsstatement In respect of Irre8ukrit*& includlng fraud and non- ¢omplianrewith law5 and regulation5. Wa5as folbw5'. the en8a8ement partner ensured that the engagement team collettively had the appropriate competerK4 capablltties and 5kllls to 1den￿fvor reco8nlse Thjnrfompllance wlth appllcabk laws and re8uladons. such asthe C•thedrals Measure 2021 the Chèrltles Act 2011,. we identified the laws ¥ThJ ￿Kul￿ON$ appllc4iAe to the C4thedr41 through dlscussions wlth Tnjstees and other management.. we 455essed the extent of compliance wrth the law5 afid regulatlon5 Identlfied above through maklng enqulrle5 of wnana8ement' 8Th1 Identllled laws and re8ulatlons were communlcated wlthln the audlt team regularly and the tearn remained alert to instanies of non-Co￿p1Iance throughout audit. We assessed the susteptlblllty of the Ctthedral's ftnantlal statemeftts io materièl misstatement, including obtsining an undeNandlng of how fraud mlghi occur. by.. rnaking enqulries of management a5 to where they considered there w35 5Lweptiblllty to fra￿1. their knowledge of actual. suspected and alleged fraud,. and con51derln8the Intemal controls In place to mltl8ate risks of fra￿￿ and ThJn-comp1la￿e with laws and re8uhtlons. 20 The Cathedral Church of St Peter and St Wilfrid in Ripon ANNUAL REPORT AND CONSOLIDATED ACCOUNTS FOR YEAR ENOED 31 DECEMBER 2024 INDEPENDEl￿AuDITORs, REPORTTO ThE TRUSTEES OFTHE CATHEDRAL CHURCH OF ST PETER AND ST WILFRID IN RIPON To adjress the risk of frèud throLTgh management biasand o¥*rride of controls. we.. pertonned inatytlcal prottdures as a rlsk a55e5sment tool to Identlfyany unusual or unexpetted relation5hips.' iested journal entrles to Trdentlfy tsnusual transactions: testedtheoperating effertivene5s of keycontrolsoverkeytfansaction cycle5 such as Income, purchases andwages-and eviewed the ap￿1¢at￿on of aCCOUrfing polloes In¢1￿￿1n8theappI1CatIon of capftallsation of tangible asset& In re5PDn5e to the risk of irreBularltle5 ènd non.cornpllènce laws arnl regulotions. we de￿gned procedures wh￿h included, bLrt were Mt Ilmlted tD'. aEreeingfinancial statement disclosures to underfying supportin# documentstion,. and enqulrln8 of management 8S to 8rtual and potent￿1 litlgatlon 8nd d81ms. Due to ihe Inherent Ilmiiattons of an audlt, there Is an unavoidable dsk that we may not have detected some material misststsments Sn the financSal statements, even though we have property pLanned and performed QUT autht in accorda￿ with auditing Stsndard& For example. as with any audit. there remoined a higher risk of non-detection of irre8u&rities. as these may Involve colluslon, forgery. intention81 omissbns. mlsrepresentatlons, or the override of intemal controls. We are not responsible for preventing fraud or noncornpliance with laws and re8uL4tK)n5 arwlcannot be expected to detert allfraud and non-compllarsce wtth laws aNI regulations. Afurther de5CriPtion of ourTespon5ibilitie5fortheauditolthefinincial Statements 151(xated on the Financlal Reportlng Councll's webslte at.. www.frc.or8.Uk/aud￿0rsresp0n￿bIlI1le% Thls descrlptlon forms part of our a￿d￿or$. report. Use ol r•port Th15 report is rnade 501efytothe Citheilral's Trustee5, as a body, in accordancewith Part4of the Charftles (Accounts and Repjrtsl ReBulatknn$ 2008. Our audit work has teen undertaken so that we ml8ht state to the Cathedral's Trustees those matters we a required to ststeto them inan auditors, reportand for no other purp)5e.Tothe fullestextent permitted by lèw, we (b not accept or assume responslbllltyio anyoneotherthan the Cathedral and ItsTwstees. as a body+ for our auditwork. for re￿r¢ orfor the opinion5 we have formed. Arn)stroniW•tson Audit Umlted Chartered Attountsnts & Ststutory Audltors Northallerton Date.. OS 2015 Armstron8 Watson Aud￿1 Jmited are eliBible to act a5 auditor5 in terrns of section 1212 of the CompaniesArt 2006. 21 The Cathedral Church of St Peter and St Wilfrld In Rlpon ANNUAL REPORT AND CONSOLIDATED ACCOUNTS F NDED TDE EM CONSOLIDATED STATEMENT OF FINANCIAL ACTivmES End(wim•nt 2024 2023 Total Incom and •ndowmeTrts from.. Donations and leg8¢i88 Grants In 8UPPOrt of mt8sion Charges and fèès arising in the course of mission Trading and fundraisrng Invesbnents Other Incoff 524.058 18.963 305,261 354,718 829,319 373,681 845,675 436,796 134.568 305,755 121,918 134.588 305,T55 254.924 4.588 88.S02 376,124 234,268 2.957 133,006 4.588 T•)W Incom• 1,104262 797,573 1,902,835 1,984.322 Expendlturn on: R8lslng fiJr¥Js Minlsty Cathedral 8NJ predncts upkggp Educalion outsBch 251,639 470,577 352,293 18,069 354.017 524.220 293,934 8,283 8.084 613,740 994,797 846,227 243S2 530,645 958.119 S30.577 26,040 Total exp•ndlture" 1,090,J78 1.180,454 8.084 2,279.116 2.045,381 Net loutgolngi I Incomlng r•80ur¢e8 beforn Investment 9gln8 14,884 (382.881) 18.084) {376.281) 161,0591 N&t gainsl{10s8e$) on inve81ments 13.059 124,496 554,785 892,320 547,295 N¥t In¢om• l•xpenditurn) 27,743 (258.385) $40,681 316,030 486,236 287.305 Gross transf•rs b•lween fvnd8 5 450,621 163,316 Oth•r r•cognl¥•d galnsl(loM¢•l Gain￿(10$$95I on r8v8luation of fixed assgts Other gaing(losse81 N•t movement in fvnd• {2S9,562) 192,236 383,365 316.039 486.236 Rocwclllatlon of fvnd8: Total fund8 brought foThvard 5.925,233 1W4,$97 5.520264 13.040,094 12,553.858 Total fund8 carriod forward 5,165.671 1,786M33 SJ03.629 11336,133 13.040.094 The Cathedral Church of St Peter and St Wilfrld In Rlpon ANNUAL REPORT AND CONSOLIDATED ACCOUNTS FOR YEAR ENDED 31ST DECEMBER 2024 CONSOLIDATED BALANCE SHEET End Not•s Unwlrfctsd Restrfcted ￿ont 2024 2023 Totsl FIXED ASSETS Invgstmont assets Prwety Investments Trade mark 1,745.000 121.945 1,102 1.868.047 1,74S.000 6.913,436 1,102 8.659,538 1.745,000 6,434,656 1,371 8.181,033 1,158,626 5,632,865 1.158,626 5,632,865 TaThJlble f￿ad assets Property Equlpmfjnt 3,405,404 21,296 3,426,700 174.4LTh) 3,579,804 21.296 3,601,100 3,617.930 2.503 3.620,433 io 174,400 Total flxed 05s9ts 5294,747 1,333.026 5,632.865 12.260,638 11.801.466 CURRENT ASSETS Stocks Debtor8 Cash 8t bank In hand 12 13 37,2 141,019 347.207 525.456 37,230 145,503 1,070,736 1.253,469 28,889 190,209 1,236.433 1,455,531 3.025 450.584 453.609 1.459 272,945 274.404 LIABILlnES DUE WITHIN ONE YEAR Credlt 14 154,532 3.640 158,172 216.903 NEf CURRENT ASSETS 370.924 453.609 270,764 1,095,297 1,238,628 TOTAL ASSEfs LESS CURRENT LIABILITIES 5,665,671 1,786.635 5.903,629 13,355,935 13,040.094 TOTAL NET ASSETS 5,665.671 1,786.635 5.903.629 13.355,935 13,040.094 THE FUNDS OF THE CATHEDRAL Unre8trfcted 21 R88INcted 5,665,671 5,665,671 1,317.426 10.010 7,328 15,0 222,493 214,315 2,666,052 949,772 318,981 1.968,824 13,355.935 5.925,233 1.157,521 16.8791 15,224) 37,434 187,829 223,916 2,463,840 863,725 290.255 1.902.444 13,(MO,094 Fabdc - Boy8 Gir18 - I￿3￿C & Drama - RCDC - Olhe End¢)wment- Gèneral 1.317.426 10.010 7,328 15,063 222,493 214.315 2,666,052 949,772 318.981 1.968,824 5,903,629 -Gl . RCMT TOTAL CATHEDRAL FUNDS 5.665.671 1.786,635 The flnandal staternents for the year en The Chapt8r . Rlpon C 31st Decembor 2024 wrg appmvsd and auihorised for Issue by nd s￿n￿d on th8k behalf by'.- Chalr- jCA￿ R Dob￿n. Dean of Ripon Tw¥tee. Andrww Kttchingman The Cathedral Church of St Peter and St Wilfrid In Rlpon NN ONSOLIDATED A NT CHAPTER BALANCE SHEET nrvdtrlctod Ra8trfctod Endowment 202 T¢)tal FIXED ASSETS Investment 888ets Propwty Investments Trade mark 1.745,0 121,945 1.102 1.868.047 1,745,000 5.100,504 1,102 6,846,606 1,745,000 4.733,838 1,377 6,480,215 1,158,626 3.819.933 1,158,626 3,819,933 Tangble ffxed assets Proporty Equipment 2.608.048 21,456 2,829,504 174,400 2,782,448 21,456 2,803,904 2,817.727 2,503 2,820.230 10 174,400 T¢)tal fixed a$sots 4,497,S51 1,333,026 3,819,933 9,650,510 9,300.445 CURRENT ASSErs Stot*s Deblo Cash at bank #nd In hand 11 12 37,230 134.793 319.754 491,77T 37,230 137,818 662,716 837.764 28,8B9 163,317 726,818 919.024 3.025 228,090 231,115 114.872 114.872 LIABJLMES DUE wrrHIN ONE YEAR Cr8dStors 13 149.779 149,779 196.791 NET CURRENT ASSETS 341.998 231,115 114,872 687.985 722,233 TOTAL ASSETS LESS CURRENT UABILITIES 4.839.549 1,564,141 3,934,805 10,338,495 10,022,678 LIABILITIES DUE AFfER ONE YEAR Cr8ditOW8 14 3.934.805 10.338,495 10,022.678 ThE FUNDS OF THE CATHEDRAL Unr8thctsd 21 4,839,549 4,839.549 1,317.425 10,010 7.328 15,063 214.315 2.666.052 949,772 318,981 4,998.090 1,157,521 (6.8791 15,224) 37,434 223.916 2.463,840 863,725 290,255 - Fabrfc 1,317,425 10,010 7,328 15.063 214215 Girf8 - Mu81¢ & Drama - othèr8 Endowment- General - Boys 2.666.052 949.772 318981 22,678 24 The Cathedral chU￿h of St Peter and St Wllfrid in Ripon ANN AL REPORT AND ONSOLIDA UNTS FOR Y NDED 31ST DECEMBER 2024 CONSOLIDATEO WH FLOW STATEMENT 2023 2023 Not cash provlded by{u4od In) 4weraUng •ctiviti {5TO,833) 1185,6191 C88h flows fr¢m Invo8tlng *¢t1￿tIes. Purchase of fixed 888et irNeslments Sale olfixed 8SSgt irNesfments Irrterest r￿1ved Dmdends Tecèiv&l Ngt rents recthd Porlfollo management c*arg8s 1525,712) 714.867 12,898 133,054 108,972 39,143 (3,588,014) 3.486.099 10,527 119,814 103,927 46,014 N•1 ￿￿h provlded by lus•d ln) Invo•ting actMtle8 1Cfj,339 Ca8h flows from financlng a¢lMtI•s: Not ￿$h provld•d by {u$•d In) fln•n¢lng actlvlthiB •¢tivlU Chango In cash and cash equlval•nts In the T•POrtlng P•Tlod 165.697) (79,2801 Cash and ca8h •qulvalonts at th• b•glnnlng of th• reportlng perfod 1236,433 1315.713 Cash and c85h •qulval•nts at th• •nd of th• r•portlng wlt)d 1.070,736 1,236,433 25 The Cathedral Church of St Peter and St Wilfrid in Ripon ANNUAL REPORT AND CONSOLIDATED ACCOUNTS FOR YEqR ENDED 31ST DECEMBER 2024 NOTES TO THE CONSOLIDATED CASH FLOW STATEMETr 2023 R•¢ond15atlon of not Incomo 1 ndlture to net ¢ash fl¢)w from o •ratin •diYiti•$ Net {6xp•ndltur•l I Incomo forthe rnportlng ￿rfod las por tho •tat•nwnt olflnanclal 8￿mt￿} Adjusted for: Depredouon Losses I Igakns} on Irwestm8nt8 & fixed a88ets Interest recelv8d Dlwdends rece￿ed Net ￿nts received Portfollo management charges Decrea38 I I￿￿8$e} In stock5 D8crease l {nicrea88) In debtors ID8cr8asel l incre&ry8 In credltoys 316,039 486,236 40.218 1547.2951 {10,5271 1119,814) {103.927} 48,014 12.0881 (59.2281 84,792 (692.320 112.898} {133,0541 {108.9721 39.143 18.4311 44.￿9 158,7311 Net ca8h provlded by lu•od In) wratlng actlvltlos 570,6331 185,6191 b Anal l$of sh and ¢ash • ulval•nt8 Cosh In hand C88h 8t bank Cash on d8posiI 252 6¥2.133 378.351 1,045.858 190.575 Totsl ¢a$h and ¢a$h •qulval•nts 1.070.736 1,236,433 26 The Cathedral Church of St Peter and St Wllfrfd In Rlpon ANNUAL REPORT AND CONSOUDATED ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES Accountlnr Pollde5 stst*ment of ¢th￿pIll￿¢ The accounts have been prewred in accordance wlth the Acrovntln8 and ReFortiryg Rezul8tions for En￿lSh Anglican Cathedrals 2018, theCharTties Statement of Aecomrnended Practlce.. Ac¢ouniin8and Reportlng byCharth5 preparfng theiroccounts in accordance with the Flnanclal Reportlnl stsndard appllcable In the UK and Republic of Ireland (FR5 1021. the Flnanclal Report+ni Stondard aFplkable in the Unlted Klngdom and ftepuw￿ of Ireland IFRS 1021 and the arf￿esAcI 2011 as amended by the Charft￿5 2022. The financial st8tements have been prep)r&l to glve a 'true and falrf ￿eW and have departed from the Charitles (accounts and Rewrtsl Regulatk)n$ 2LhJ8 only to the extent required to pro￿de a'true and fail view. Thls departure ￿S Involved followin8thÈ Charltles SORP IFRS 1021 publlshed on 16 ju￿ 2014 rather than the Ac¢ountlng and Rewrtlng by Charitiek Statement of Recommended Practiceeffe£tNe from i ￿￿12005 whith has ￿nce been wf(hdrawn. The accounts have Iieen prepared ¢Jnder the historical cost ¢on¥entlon modthedto Inctude knvestments and Investment propertie$ at m8d(et value. Propertles forcothedral use are valued at exlsUng use value. Baslsof pr￿￿ratIon The tharltymeets the dtftnttl¢￿ of publlc beneflt e￿ty under FRS 102. Assets and Ilabl1￿leS are Inltlally reco8nlsed at hlstorfcal cost ortran5actlon value unless otherwlse stated in the ￿levant accourrtlng pollry note5. Investment5 InveSt￿ntsare Included at bkf prlce. as valued by Investt£ Wealth Management. Fund5 Funds are split between endowment. restrtcted ar￿ unrestrtted fund Endowment funds arethose vthere therels no power to cot)vertthecawtsl Into Income. Restrlrted funds are sublertto specthc conditlons Imposed tythe donoror by speclficterrn5 of a tru5tdeed or other legal measure. ￿nre￿￿tedfUndsère unreslricted Income which is expendable at the dlscreiion of the Chapter for the benefft of the Cathedral. Furtherdeta115 of thefund$ Can be found on page 42. note 21. Donation$, Granls qfid Othtt Voluni•ryln¢4Jme Donatlons and Other￿lUntary Income are re¢D8nlsed In the Statement of Flnanclal ACtI￿tIeS0n a receivable bJ51S. Grants8re credrted ortharged on 8n accrual's bas1& Gr•nis rdated to re￿L* are reco8n15ed In the Ststement of FlThorKiol Artmtles on a 5yStematk basis overthe periods inwhKh the related costs are reco¥nised forwhlch thegrant is Intended to compensate. Grantsforthe wrpose of 8fving Immedlate Inandal suPP￿t wlth no firture related C￿t$tO be incurred are retognised in the Staternent af FlnaKkl Actmties wthenthe 8r8nt prtxeeds becorne recdvable. Va￿8 Added T•x thopter are ell8ible to r&over 65% VATon the e•nd B scale5et by H M Revenue & Cu5tomsfor cathedrals. Non-recoverable VAT Is char8ed tothe relevant eMpendItu￿. Lyles are recoEnised on the attnjal's ba￿SIn so faras the Cffiapter were aware of thelr witltlementto theffl. GIFts Ih KlThl G1ft5 th kind received bythe Ch?pter are Inctuded In the statement of finandal aCti￿tIeS on the ba￿5 of reasonable eSllm*es as tothelrvalue. Rahts receh•ble ￿ Investsiient propertles Rents ￿e1vable ore In¢luded on the •ccruals basls. 27 The Cathedral Church of St Peter and St Wllfrld In Rlpon ANNUAL REPORT AND CONSOLIDATED ACCOUNTS FOR YÈAR ENDED31 DECEMBER 2024 ACCOVNTWG POLKIES-Contlnued rnvestmerrt Income Dlvldend5 from equrty Investments are [￿l￿ded by refereKe tothe date on whichlhe Investrnenis are quoted exdividend. Interest on flxed Interest seturities other deposTrts15 reccgnlsed on an a¢¢ruaVs ba￿5. Qery•*oltsm•nts The cost of clergystipends. natlonal Insurance and penslon cOn￿b￿￿t￿$ are Included as ￿$trIC￿d expendlture in 50 far a5 they are financed by other partle5. These costs, whlth are financed by the Church Commis￿onerS orthe Diocese. also form part of the restrfcted Incomefrorn these 5curces in thestaternentof finarK￿l actlvltles. si•ff penslon schwne It Isihe pollry ?f the Chapter that all members of staff are ell￿bIe101thn the Pension Builder 2014 Scherne which is part of the Church of En8lJnd Pensrons Board Church Worker5 Scheme. The scheme is cortrlbutory bythe emr4oyerand parlclpatlne employees. Plwltsg•355•ts Heritage assets includethe cathedrnl and 8ndllary bulldlnES ond theftems In the Irwentory p￿pared under sertton 2411> of the Care of Cathedral Measure ZOII. No value has been all￿bUted to these assets acqulrÈd ￿lOre 31 December 2023. because Infomiation on thefjr hlstortcal cost15 not avatlable. Freehpld propertles Irfvestment propertie5 •re ifiduded atvaluatloTh on the ba￿$ of open rnak*et value subjertto exlstln8 tenancleL PropettyforCathEdnl use wasval¥ed as al31￿ Detrmber 2021. the next v3luatK)n wrll be in 2026. Other wopertles owned bythe Chapter and occupled bytlerTc•l INI fay •nployeesare underthe zuldElines valued at exLstlng use value as at 20th Aprfl 201& Equlpment Expenditure in¢urred Ynce 151 April 2012 M speclftc tan8lble a55ets exceedln8 £2.Cth has been capltallsed. Other purchases of eoulpment have b*n charged as ￿venUeexpeTrses. Computer software Iswrltlen off on a¢qui*tion. Fdlylvnrled Items of equIk￿ent and ImprovetrÉnts tothe Cathedral are shown In the SOFAalon8 wlth the related income, expendlture In ex¢e$5of fundln8 Is Ca￿￿lIsed. Oepredation Oepwlatlon Ispr0￿￿ed In orderto ￿te off the non-lnvesiment fixed assets whlth hjve been t•pitslised over their esr•mJted useful Ives at the follo￿ng rate5'.- Cthedral furnlshln85 and eoulpment Office equipment Re8lstered trade marks Non4nvestmert propertles 20% pa on redltdng balarKe ba￿5 25% pa on 5trniBht lifie basis IO% po on stralght Ilne basls 2% pa on straight line bags Sto¢ks stocksare stated atthe lower of cost¥ThJ net reollsable value. No odjustment Is Ir￿￿ded for stecks of tonsumable stores Includ1￿ sanctuary 5uppffe5 and officesta￿0￿ery. Stock Is valued on a ￿15t in, first our b3$15. Smiort Q>sts The nature of govemance costs I￿l￿ded In supports are legal & professlonal costs and also subscrfpilons and yofe$4on•l reWstr8tlon& Swport Costs 8reallocated dlrectlyto acti￿tIeS to whlth ihey ￿late, any supports ¢oststhatare not dlrertly attrlixrta1￿e to a￿￿tIeS areapwtloned. The bas15 of apportvJn￿*fit1s detallEd In the note The Cathedral Churth of St Peter and St Wilfrid In Ripon ANNUALREPORT AND CONSOLIDATEDACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 A¢￿umTV4G POLIOES-ContlTrued Con5dld•¥on The foll¢)win8 entFtle5 are admlnlstered bycathedtal stsff 8nd their objectlves areto supp￿ the work of the Chapter. Theyhave therefrjre been consolldated vAth theflnallcl81s gf the Chapterof Rlpon Cathedral. Rlpon Cathedral DevelopmentC•mpalgn Ireistered charlty Ilo. 10867601 Trustees of The Thorpe Pretend House Ire8lstered chorlty No. 7031331 Rlpon Cathedral Muslc Trust Ire8istered charlty No. 11549571 29 The Cathedral Chur¢h of St Petsr and St Wllfrid in Rlpon NN AND CON IDATE NDED NOTES TO THE AcCOUl￿s 2 INCOME AND ENDoW1￿NTs Unrnslrf Total Ctsrrnnt yaar Donations 8nd1ggacles Collections Speclal cotlectst)ns Donatlons Vl$ltor donakns Tax reco￿rable under gift ald Grsnts Sustalnabllty gront Llttleth0￿e Rlpon C8thedral Muslc Trust Legac￿8 Ripon Cathedral Development Campolgn Frlends of Rlpon Cathedral 189,281 25,637 17,983 122.572 11,848 189,281 25,637 78.280 122.572 11,848 15.oc 24,320 97.901 65 148,321 80,297 15,000 24.320 97.901 65 148,321 8.416 98,990 8,688 305,261 107,406 8,688 829.319 524,058 Unrestrfct•d Re8trfGted Endowm•nt 2023 Total Prevlov8 Oonatlons and legacies Parochial Church Courril Special collections Donations Wisrtor dOnA￿On$ Tax recoverable under glft aid Gr8nts HLF grant SuStsinabi￿ grant LIIUethorpe Ripon Cathedral Muslc Trust Fabric Rlr)on Cathedral Devèlopment Campaign Friends ol Ripon Calhedrdl 204,¥27 20,913 3.178 116.104 17.048 204,927 20,913 73.471 116,104 17.048 34.000 10.576 64.306 104,471 20,500 6.600 70.293 34,000 10,576 64,306 104,471 6,eiio 11,073 4,500 398,243 154,186 3,000 447,432 165.259 7.5 845,675 Curr•nt s•ar Unrnstrlci•d Ro8trlcted Endowrnnt 2024 Ttstal Grants in Supp￿ of missron Chvrth CorMli58ion&rn Dioce3e Allchurches Trust 323,329 31,389 323,329 31,539 18,813 373.681 150 18.813 18.963 354,718 Pr•vlou• ￿ar Unrnstrl¢t4d RMtrl¢t•(tr Endowm•nt 2023 Total Grants in support of mossk Churth CommI881￿er$ Diocese Allthurches TnJ8t 383.322 31,599 21.875 436.796 150 21.875 22.025 31,449 414.771 30 The Cathedral Church of St Peter and St Wilfrld In Rlpon ANNU CONSOLIDATED A DED DE MBER NOTES TO THE ACCOUNTS 2 INCOME AND ENDOWMENTS- contlnuod Currnnt year Unrestrfcted R•$trf¢ted Endowment 2024 Total Charg88 and feos arfslng In thg C(AJf88 of m1881on Fadlty fees Fees relmbursed forweddlngs ftJneral$ and broadcasts Educalkjnal ActlvNtes 5.985 96,445 32,138 134,568 96.445 32,138 134,568 prev1￿¥ Unr•8tr1ct•d Re#trlcted Endowm•nt 2023 Total Charge8 and fees wl8Sng In thè course of missl Facllty fees Fees reimbursed for %%*dding8 and funerals Educallonal A¢Jvltses 54,043 31,496 2,963 31,496 2,963 88,502 Current sear Unrpstrlct•d R•8trlct•d Endowm•nt 2024 Total Tradlng and fvndr81slng activitie Other Cathedral Shop- sales 188,918 116.837 305.755 188.918 116.837 305,755 Provlou8 >•ar UTrr•strlcts 23 Total Tr8dir#J and fvndrai8ing aCti￿tieS other Cathedral ShJp- ￿leS 91,925 284.199 376.124 91,92S 284,199 376,124 Current ￿al estri Endowm•nt Investments Inveslmenl propetles rnnts Invo8tm8nts In￿Me Inttsrest recaved on ca8h deposts 108.972 2,180 10,766 121,918 108.972 133,054 12,898 254,924 130,874 2.132 133,006 31 The Cathedral Church of St Peter and St ￿lfr1d In Rlpon ANNUAL RE RT A CONSOLIDATED ACCOUNTS FOR YB4R END 31 MBER NOTES TO THE ACCOUNTS 2 INCOME AND ENDOmIEP￿- ¢ontlnu•d Pr•vlous Jffjar Unr•$trldod Re8trlctsd Endowment 2023 Total Inv8sbnent8 Investm8nl properU06 rents InveBknenls Incomg Inler88t recelved on cash deposlts 103.927 43.638 8,130 155.695 103,927 119,814 10.527 234.268 76.176 2.397 78,573 Currènt ￿4T Unrestricted Restrlcted Endowm?nt 2024 Total l)ther income Workshop fBdlity fe88 Inwrance dalm 3,032 1,556 4588 3.032 1,556 4,588 Pr•vlou8 yaor Unre$trlctèd Restrlcted Endowm•nt 2023 Total Other income Workshop fadlltyfths 2,957 2,957 2,957 2,957 3 EXPENDITURE Curr•nt y•ar Uftr•Jtrlcted Restrl d Endowment 2024 Tt)tal Ro1$ing funds Gro$$ costs ofshop and other acti￿tIeS comrnun1cati￿ officerwages Salarfes General markgllng cost$ Investment property costs Investment management C0818 Lltffjelhorp8 Other costs 68d debtWyr￿ off Events Su8tsinability c08ts Support Costs 97,047 97,047 16.444 72,505 109.635 9,328 39,143 104.471 85.585 10.012 13.015 16,444 71,552 103,083 953 6.552 9.328 11.511 19.$48 104,471 8.084 10.012 13,015 1,094 16,542 251,639 38,919 354.017 55,461 613,740 Pr•vlous >*ar Unr¥$trf¢t•d R￿trICtsd End￿ment 2023 Total R818ing ftJnd$ Gross costs ol Shop 8nd other aCti￿tIeS Communlcatlon offw Salarfes General markthg costs Investrnenl property costs Inve$tsm¢nt management costs Cultural ￿0v9ry Other costs Events Sustalnablllty c08ts Support costs 87,464 87,464 15,972 50,429 99.946 2,298 46,014 7,147 113,547 12.450 42.863 52.515 530.645 15,972 50,429 96,654 3,292 2298 13,824 24.017 7,147 107,101 ,173 12.450 42,863 34,702 378,885 17.813 143,587 8,173 32 The Cathedral Church of St Peter and St Wilfrid In Ripon AND CONSOLIDATED AC NT D31 NOTES TO THE ACCOUTrnS 3 EXPENDITURE- Contlnued Current year Unrestrfctod R•$trlctod End¢wm•nt 2024 Total Mini$ty Clergy stipgnds paid by Church Commissioner3 Clorgy working exp8nses Clergy houslng costs SeN¢o$ and mu$ Support t*st 185,426 165,426 23,000 32,713 656.788 116,870 994.797 23.000 32,713 380,003 34,881 470.577 278,785 82,009 524220 Pr•vlou$ ￿ar Unrostrlctod R￿trtCt0d Endowment 2023 Total Mlnistry Clergy stipeThJs paid by ChLFrch Commlssloners Clgrgy wod(Ing expgnses Clgryy housing Costs Servlce8 and muslc Support costs 1,781 13,970 35,921 375.941 31,351 458,964 154,889 1,905 3.152 266,083 73,126 499,155 156,670 15,875 39,073 842.024 104,477 958,119 Currnnt Jwr Unr•strf R•8trlcto ndowmont 2024 Total Cathedral and preclncts upkeep Malor rgpolrs and rgstorauon Majow rapairn- HLF renowgd M8intenance and inte￿r upkeep Cath8(Iral in8urance Cathedral I￿h1, heal & rates Pr¢cin¢ts. se£u￿ty and gwdan upkegp Arch￿￿15 and ¢onwltants Depreclaiion SuppcKI Gosts 5.291 58,955 110,866 5.291 58.955 234,995 59,377 92.263 6.661 17,743 40,949 129,993 646.227 124,129 59,377 92263 6.661 17,743 3,200 91,218 293.934 37,749 38,775 352.293 In 2024. the ChaFtsr empw ￿￿th the help ofthe Church Cc¥nm16slOng￿ 'Calhedral Su$181naNIty Funding" lan Pollitt as the FacHliles Manager lo look after the manag9mgnl of repalrs ond maintonance lo the Cathedrnl gslato and comply wlth H&S l&Jlslatbn. Chapt¢r o1$0 continued Its V￿rk on Mo￿ty￿ forward wth its Solar panel planning appllcatlon and lis ￿￿rk on Iho Renew8d protsc¢. 33 The Cathedral Church of St Poter and St Wllfrfd In Ripon ORT AND C LIDAT R ENDED CE NOTES TO THE ACCOUNTS 3 EXPENDITURE- Qintlnued Prevlous yyar UnTe8trlctod R￿tr1¢tOd Endowment 2023 Total Cathedral and preclncts upkeep Major repalrs and rg¥toralh maintenan￿ 8nd interior upkeep C8th9(k81 insurance Cathedral light, heat & rates Pr8rincts, securlty and g8rden upkeep Archit8Cts and ￿lsuIt9n1$ Depr8¢i81ion Supwrt Costs 60,697 44,802 60,697 161,319 50,486 79,873 8,924 16,953 36.118 116.207 S30,577 118,517 50,486 20238 # 8.924 16,953 32.918 34,871 255.030 81.338 215,912 Current year Unr•strt¢ted Re8trlcted Endowm•nt 2024 Total Educauon and outrnach Educational actlvi118s ThoTP8 Prebend Support costs 14,798 5.293 20.091 1,271 T6.￿? 4.261 24,352 8,283 Pr•vlous Jwr Unr•strl¢tod Roslrlcted Endowmen 2023 Total Educalon and outreach Ed[￿a￿onal ￿tIv￿e8 Thorpe Prebend Support costs 16,988 5,244 1.143 23,373 1fj.986 5,244 3,810 26,040 2,8e7 2.667 4 SUPPORT COSTS Ralsln Cathedral a Precln¢ts u ke• Educatlon & outreach FInar￿a Infomafjon tschnology Hurnan resources & adrnlnl￿n Govemance Costs 7262 20,100 24,094 4,005 55,461 15.304 17,022 47,111 58,472 9,388 129,993 558 1,544 1,851 40,146 111,110 133,188 22.141 306,585 SJ.7T1 8,440 116,870 4.261 In¢￿ded in 8UPPOrt costs 1$ auditors r￿UnerO￿On of £19.000. The followng wpport costs. Indud&J above, are allocated to restrIc￿l funds. Restrfeted flmds 38.918 82,009 91,217 2.990 215,134 38,918 82,009 91.217 2,990 215,134 34 Th• Cathedral Church of St Peter and St Wllfrfd In Rlpon NNUAL REPORT A IOAT U￿s FOR R ENDED 31 T DECEMBER 2024 NOTES TO THE ACCOUNTS 4 SUPPORT COSTS. Contlnued in fund Cathedral & PTr¢lncts u kee Edu¢atlon & outreach Provlou$ ￿al Mlnls Total Fund8 Flnance Inforn)ation tethno Human rgsources & adminotrallon Govoman¢e costs 9.409 18,881 18,825 5,400 13,643 39,786 39,669 11.379 15.175 44,253 44,123 12.657 497 1,451 1,446 416 38,724 104,371 104,(K3 29,&fj2 52,515 104,477 Included In support ￿sts18 auditors rnmuneration of £13.500. 116,208 3,810 277,010 The folkwAng support costs. Induded abo￿, 8rn 8llocat•J to Testrlthd fund Human r&80urces & admknislratlon 34,703 73.126 81.336 2,666 191,831 34.703 73,126 81,336 2.666 191,831 Sup[￿ Gosts have bo•n dlredy alloc818d to activil*s to vthlth they r8lat8 %there posslble. Support C08ts that are not direcuy attrfbut8t4• to an acbmty have to be opporuonèd overthe actlvlle8. b88ed the dlr8Ct costs of the activ￿e8. S GROSS TRANSFERS BETWEEN FUNDS 2024 Transfgrto ￿)rrect funds 2023 Trnnsferto correcl fund8 1287,305) 4￿.821 {163,3161 313,464 343.991 30.527 6 INVESTMENT ASSETS- PROPERr( Inv88kn8nl properueg comprfs8: The Otd Deanery Hotel, Ripon, Eatst Wing House, Old Doanery. Ripon Shop. Minst8r Rood, Rlp( Whole CotsJ8, Mlnstw Road, Rlpon, 24 Hlgh Saint Agneg3ats, Rry)on 20 023 valua￿on 1st January 2024 Glftad asset D18posals al bro￿3h1 foThvard valuauon Galn l (lossl on rev¥luattons 1,745,C4JO 1,745,000 31st c￿rnbel 2024 1.745,000 1.745,000 Tho rev8lu8llon of propaty 4WdS completed in 2021 by an Ind8pend$At RICS registered valuer. The clo$irvJ value 8hown In the statsments rgpre6ents Ihe valua glven by th8 Indapendenl vdluer. 35 The Cathedral Church of St Peter and St Wllfrld In Ripon ANNU CONSOLIDATED A NOTES TO THE AccouKrs 7 INVESTMENT ASSETS. INVESThENTS Summary Markat valuo ulshlon8 Re8118atlon8 Ntt aln R Ilsed I0￿e9 Unr•ali*éd Market valu• Unrestricted fijnds General 112.332 9.068 382 121,945 Permanent 8ndowm8nt funds Ggneral Boys ScholBrsNp Gid3 Stholar**lp RCMT 2.446.802 822.950 276,759 1.700,819 5,247,330 116,606 40,222 13.408 273,915 444,151 (211.6861 (68,8791 123.5921 309.224 1613,3811 232 12,31S) 908 77,058 75,883 381,247 96.481 30.789 70,365 478,882 2.633,201 888,459 298.272 1,812.913 5,632.865 R88trided ftmds Fabric & mainten81￿8 1.074,994 51.554 (92.418} {2.8931 127,389 1,158.626 Totals 6.434.656 501,327 (714,867) 72,608 619,712 6.913,436 Anal￿1¥ Unrestrlctsd Restrtcted Endowment 2024 Tots 2023 Fixed Interest 13,695 136.578 1.231.258 1,381,S31 1,003.688 Unlted Kiiwom Equllle8 22,199 209.49J 918,220 1,149,909 1.￿13.049 Overseas Equlti68 86.051 812,558 3,473J87 4,371,996 3,917,921 N81K)nal S8vlngs Incixne Bond 10,rKx) 10.0(KI 10.000 Tolals 121.945 1,158,028 5.632.805 6,913,438 6,434.656 A 8m811 pL%lfofio of Invesknents Is h81d In trust forthe m81ntenan¢8 and upke8p of grave8, these are not separated as d&s￿nated fijnds a8 the cost o186p8rats admlnlBtraOon axceed8d the Incom& from the InVestm￿ts. These Investments are Incr￿jed thln the general unrestrfcted fijnd. Tho perf0m1a￿ oflhe Inveth)ent ry)rtfollo In 2024 ￿?$ agah18atl8factory. rt9￿ by over £350k overth8 y8w. net of wth(JrdwJls. We continue to iwwesl these funiJ8 through Rathbone8 on 8 medium risk profile approprfot8 to a charltable organisalion investing for the long tsrm bul requiring an annual dr￿0￿￿. M is appropriate lo nol¢ the turbulence In investment rna￿6￿ since the start of thls calendar year amid lh8 tyobal economic unc8rtalnty. In that context, we can r8port th81 al the Um8 ofwlllng. th8 Portfollo Is do￿ lust 0.17% on lh8 31 tlec8mb8r2024 valuauon, o good performanc8 against tho ￿nchmark portrollo and th8 ma￿l ovordll. The Cathedral Church of St Peter and St Wilfrfd In Ripon RT ID NTSF R ENDED 31 TDE EM NOTES TO THE ACCOUNTS 2024 2023 INVESTMENT ASSETS - TRADE MARK Reglsleryd trgde mafks & others Cost 1st January 2024 Addition$ At 3181 Oecgmbar 2024 Depr8dallon Al 1st January 2024 for year At 31st December 2024 5.745 5,745 5,745 5,745 4.368 275 4,643 4.og3 275 Book volue al 3181 Dewnber 2024 1,102 1,377 9 TANGIBLE FIXED ASSEfs. PROPERTY The freehold propertbs owned by Th8 Chapter at 31st December 2024 are mmarised 88 follows.'- The Cothedral CMJrGh of St P8ter and St Wllfrkl iogethor ￿￿th the churchrdrd, groun(Js, h811, office$, old burfal ground and small parcels of land. The tradlng ivltios of the Cathedral shop arg ￿ndUCted within the Cath8dpal. Not valued Not v8lu8d Re8¢dentlal propo￿"8$ occupknd ty derical lay empknyoos Nat book VBlue as at 1st January 2024 DepreclaUon chorge for year Unrealls8(r galn I([￿) on revaluallon M5nst8r Hou88. Rlpon St. Pelerfs House. Rlpon SL Wllfrfd's Hou88, Rlpon Coath House Garage 2.454,367 (32.0791 2,486,446 132,0791 as at 31st Decamber 2024 2,422,288 2.454.367 prOpert￿S used for aCu￿tI6s Office accomm(¥J8Uon and wDrksIb)￿Y8￿, Libeity Courthouso. Mln8lw Road, RIp￿ and Y￿rkSho￿yard, Minstor Road, Rlpon Net book value as al 18t Janu8ry 2024 Depreciation charge for y8ar Unrealised galn Illossl on revaluauon 88 at 31* Decembgr 2024 363.3 132Th)1 366.560 13.2001 300.160 363,360 PrOp￿tr3 * Thorp8 Prebend Thorpe Preb8nd Housa & Th0￿e Cottage Nal bo¢4[ Value 08 et 181 J8nuory 2024 De￿￿'a￿On charge for y8ar Unreali88d galn Illoss) on rev8luallon os 8t 31st D￿ember 2024 800,203 {2,847) 804,304 14.101) 797,356 800.203 The revaluatlon of propety was (¥)mpl8led In 2021 by an inde￿ndent RICS r8glslwed valuer. The Clo￿ng vafue 8hoYm In th8 fin8nd81 st8temgnts repr88ents th& value glven by tha independent valuer less deprecralion. 37 The Cathedral Church of St Petsr and St Wllfrld In Rlpon ANN AL REPORT AND CON OLIDATED A YEAR ENDED ECEMBER 2024 NOTES TO THE ACCOUNTS TANGIBLE FIXED ASSETS- PROPERTY- contlnu•d 2024 202 Totsl8 Nel book value as at 1st January 2023 08preciation charge fory8ar Unreallsed gain l{loss) on r8v81uation Valuadon 08 al 31st December 2023 3,617.930 (38,1261 3,657,310 139,380) 3,579.804 3,617,930 The Chapter do not c¥JnshJerthorg lo hav9 b99n any material movgments in value since thg108t Volu8110n. C•thedr•l Furni$hin $ 2023 10 TANGIBLE FIXED ASSETS- EQUIPMENT At 1st January 2024 Add￿OnS Di8po$als At 31st December 2024 DeFKeciation At 1st January 2024 Charge for year Elimirwtron on dlsp08al Al 3181 December 2024 79,435 24,348 15.686 95,121 24,348 95,721 103,783 15.686 119,469 95,121 76,932 5,367 15,686 92.618 5.367 92.054 564 82,299 15,688 97,985 92.618 Boc* value al 318t December 2024 21.484 21,484 2,503 2024 2023 Alhjcalion of deprots8tion: Costs ofgenerating fvnd 24 Expondlture on mIs￿n Minisby Upkeep 5.002 369 5,395 564 11 HER￿AGE ASSETS A8 in note 9, no v8lug h8$ been placed on the Cathedral and an(illary buildirvJs and the items in tho inventory prepared under sectKY* 24(1) of the Care of Cathedral8 Mea8ur8 2011. The C8rn of Cathedrdls Measure 2011 r8qulros Cathedrals to keep an Inventory of an Items cOn￿d¢r9d lo be of archltectural, archaeologlcal. artlslG Ix hlslortc Intfirest In the possesslon of the cathedral chur¢h. No additlons lo the Snventory In the last fourye8rs have met the d8finlNcn of the herllage asset arKt there have no transacllons hwofvlrg herftage assets in the same pe￿0d. 38 The Cathedral Church of St Petsr and St Wilfrid in Ripon NN BER2 24 NOTES TO THE ACCOUNTS 12 STOCKS 2024 202 Cathedral Shop 37.231 28,889 13 DEBTORS 2023 Tradg debtors Other d8btors Prepayments A¢cru8d dividend$ 8nd knlerest VAT refunds 72,WJ8 47,320 8,754 8,356 9.933 145,301 30,711 139.103 5,544 5.318 19J,210 14 CREDITORS- AMOUMTS FALLING DUE wrrHIN ONE YEAR 2024 Tr&lè cYedilor8 Sundry eredrtors & accruals 80,686 77,486 64,936 151.￿7 158,172 216,903 15 STAFF COSTS Flgures rnpré8ènt tho CAth•dral Onl Totsl numbar of employe08 of the Cathodral (Including the Dean and Canons) Full ￿rne Parttime 2024 No. 2023 No. 13 28 15 29 Total 41 Full tlme equlvalent 23 23 2023 Analysls of staff costs Raising fvnds Shop Mlnlslry Cathedral and preclncts Wetsp Educauon Adminlstrative se￿e•S (reallcK8tsd 88 SUPPOrt coslsl 162,027 42,792 481,343 174.180 14,968 207,074 151,755 40,619 441.706 145,148 14,228 205,586 1,082,384 999.042 39 The Cathedral Church of St Peter and St Wilfrld in Ripon ANN PORT AND LID YEAR ENDED CEMBER NOTES TO THE ACCOUPITS 15 STAFF COSTS- eontlnued 2024 202 Salaries and stipends Employers national Insuran¢8 Employ8rs pgnsron contribution8 945,151 75,520 fj4,713 1,085,384 873,884 65,817 59,340 999,041 No. Numbgrof grnployges rgCgMNJ In exce88 of£60,000 p.o. 18 REMUNERATION OF MeMBERS OF THE CHAPTER 023 The total rgmuneratlon Induding employers nalksnol Insurance and ￿nSIOn conlrtbullons f￿ members oflhe Chafv. 134,039 156,670 The salary costs oflhe Dean ond ￿ Restdenllary ca￿n$ conllnu8 to b8 m81 by the Churth Commissrongrn. The Ok￿8 fund8 one 8ddKh)nal caTh)n. The saW of8n Intsrlm caTr)n16 belro met by Olher￿8nts. There wgre no addluonal 8818ry payments made by the Chapter lo eitherclergy LY18y members of Ihe Chapter. 2024 17 EXPENSES OF MEMBERS OF THE CHAPTER leage allowancB& enlertainlng. hospitality and expgnses r8lmburs 2,771 3,245 2024 2023 No. Memb&% ofthe Chapterrelmbursed duriry the year 18 PENSION SCHEMES Flgurn• v•prn8•nl lh• Calh•dral Only. The clergy are enliued lo benefft8 under a defined beneffts pen￿On schem vhth the Church QfErVJ￿d Penwon Scheme administered by The Church of England Pensions Board. No contributions are payable into th8 scherne ty the ckrgy but contr5butions are made Into11 forthem by the Church Cefflmissloners or the DiocoS8. 2023 Employers contribulions 22,133 21,533 The Cathedral Church of St Peter and St Wllfrid in Rlpon ANNUAL REPORT AND CONSOLIDATED ACCOUNTS FOR YEAR ENDED 31 NOTES TO THE ACCOUNTS T DECEMBER 2024 18 PENSION SCHEMES - ￿ntInUed Flgurns r•pr•s•nt the Cathedral Only. b} Ripon Cathedral parttdpotes In the Penston Builder Scherne and In lh9 Dofined Benefits SC￿Me 8ecllons of the Church Workers Penston Fund {CWPFI for lay Staff. The Scheme is adminisler8d by th8 ChLwch of England Penslons Board, whkh holds the assets of th8 sthemes 8eparalety from th)se of th8 8mployer 4nd the other partidpatfng employers. The CWPF has a section knLW al the Defined Ben8fits Scheme. 8 d$fprred annuity s8dkJn known as the Pension Bul￿er Classtc and a ¢a5h baLince section th0￿ as Pen¥on Builder 2014. Pension Bullder Sch•m• Th8 Pan￿on Bulkl8r Schsme of the CWPF Is mado up of1￿￿ section¥, P8nslon Bullder Cla88lc and Penslon Builder 2014. both of thich are dassed as dgflned benefit schemes. Pansion Builder Classlc prO￿deS a pensbon for members for payTnent from r9tlremenL accumulated from contribution8 paid and converted Into a defgrred annuity durfng ernploymenl based on 18mis sel and wlewed by th8 Church of England Pen$1(￿$ Board from ttme lo tlme. Bonu89s m8y a180 b8 d8dar8d, depending upon the Inv8Stm8nl roiums and other factors. Penslon Bullder2014 is a cash balance 8chemg Ih8t provld88 8 lunw 8um that members UB8 to provhye benefits at retirement. Pension c0rtslbutlc￿¥ are recoryJ8d in an account for èach member. Th16 account may have btsnus88 added by the Board befo￿ retlrgment. Tha bonuses depend on Investment experfence and other factors. Thère is requlrem8nt fr>r the Board lo gr8nt any bonuses. Tha acminl. plus 8ny bon￿8$ tjedared, is payable from member8. Nomal P8nsK)n Age. P•n8lon Bulld•r S¢h•m•- c