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2024-12-31-accounts

Contents Page
Legal and Administrative Information 1-3
Reportofthe ChapterofThe Corporationofthe Cathedral ChurchofChristinLiverpool 4-12
Independent Auditor's Reporttothe Chapterofthe Corporation
Ofthe Cathedral ChurchofChristinLiverpool 13-15
Consolidated StatementofFinancial Activities - current year 16
Consolidated statementofFinancial Activities - prior year 17
Consolidated Balance Sheet 18
Chapter Balance Sheet 19
StatementofCashFlows 20
Notes to the Consolidated Accounts 21-46

Josh Akrofi Chair
Philip Anderson Canon Precentor, Executive MemberofChapter(to08.07.2025)
Margaret Swinson Lay Member, Non-Executive MemberofChapter
Peter Short Lay Member
Saro Esmaeili Lay Member, Non-Execu_tive MemberofChapter
Peter Taaffe Lay Member (resigned 21.02.2025)
Brian Ricketts LayMember (appointed 31.03.2025)
Inattendance:
Sue Jones DeanofLiverpool
Mike Eastwood Chief Officer (resigned 31.12.2024)
Sharon Parr Chief Officer (appointed 01.02.2025)
Matt Elliott DirectorofFinance •
Philip Daniel Clerktothe Committees
Peter Tod InvestmentManager

Fabric Advisory Committee
Geoff Clifton Chair
Geraldine O'Farrell
Sandra Penketh
Jonathan Cooke
Neil Swanson
Charlie MacKeith
David Sherriff
Dinah Birch
Judith Leigh
Canon Myles Davies
Inattendance:
Sue Jones DeanofLiverpool
Philip Anderson Canon Precentor and Chapter representative
Mike Darwell Cathedral Architect
Philip Daniel FACSecretarv

SummaryofConsolidated SummaryofConsolidated 12months ended 12months ended 12months ended
Incomeand Expenditure 31December2024
E
E		 31December2023
E
E.
Income
Voluntary income 1,117,1.14 1,102,578
Grant income 627,974 780,768
Property and investment income 448,522 434.232
2,193,610 2,317,578
Add: Income from trading, facility
fees and security recharges 2,344,667 2,309,588
Less: Direct costsofthis income (1,900.578) (1,590,061 )
444.089 719.527
2,637,699 3,037,105
Expenditure
Ministry, education and outreach (980,099) (896,915)
Maintenance, security and other costs (1,873,261) (1,833,949)
Other resources expended (40,123) (52,017)
(2,893,483) (2,782,881)
Net
consolid_ated		 operating (255,784) 254,224
(deficit)surplus
Gains (losses) on
disposal/revaluationof
investments and property 669.864 281.159
Netsurplusfortheyear 414,080 535,383

Portfolio
TheCBFChurchofEngland InvestmentFundInc
TheCBF·ChurchofEngland Short Duration Bond FundInc
The Chapter Endowed Capital Common InvestmentFund
The ChapterNonEndowed Capital Common Investment Fund
Liverpool Cathedral Foundation listed investm.ents		 2024
£
385,409
1,117
2,624,162
1,323,040
2,186
4,335,914
2023
£
376,785
1,084
2,473,570
1,299,339
2,226
4,153,004

The summary allocationofassets across both funds combined, by percentage was:
2024 2023
0/o %
EquitiesUK 9.14 7.52
EquitiesUS 44.62 46.07
Equities Japan 0.81 0.87
EquitiesAsiaPacific 3.22 - 3.05
Equities Europe 14.04 11.81
Private Equity 3.64 3.22
Other Equities 0.96 1.04
Infrastructure and Operating Assets 8.35 8.90
Property 3.94 4.58
Contractual and Other Income 1.54 1.55
Fixed Interest Securities 8.08 9.20
Cashand Short-Term Deposits 1.66 2.19

2024 2023
0/o 0/o
EquitiesUK 41.65 50.56
EquitiesUS 19.96 11.67
Equities Japan 3.90 3.94
Equities Asia Pacific 2.46 2.48
Equities Europe • 7.23 7.29
Equities Other 7.69 7.62
Alternative Investments 8.37 8.80
FixedInterest 8.47 7.27
Cash and Short-Term Deposits 0.27 0.37

2024 2023
0/o 0/o
EquitiesUK 34.34 38.95
EquitiesUS 16.65 13.74
Equities Japan 2.96 2.64
Equities Asia Pacific 1.86 1.76
Equities Europe 3.65 3.83
Equitiesother 5.73 5.47
Alternative Investments 11.03 11.58
FixedInterest 23.62 20.89
Cash and Short-Term Deposits 0.16 1.14

23/10/2025

Notes
Incomefrom:
Donations and legacies
2a
Charitable activities
2b
Trading and fundraising
2c
Investments
2d
Other
2e
Totalincome and
endowments
Expenditure on:
Raising funds
3
Charitable activities:
Ministry
4a
Cathedral and precincts
upkeep
4b
Education and outreach
4c
Centenary
4d
Totalexpenditure
NetIncome(expenditure)
beforeinvestmentgains
(losses)
Gains(losses)onrevaluation
and disposalsofpropertyand
investments:
Property
6
Investments
7
Netincome(expenditure)for
theperiod
Gross transfers between funds
15
NetIncrease(decrease)in
Funds
Funds brought forward
15
Funds carriedforward
15		 Endowment
Funds
£
100,000		 Endowment
Funds
£
100,000		 Restricted
Unrestricted
Funds
Funds
£
£
490,023
627,091
567,853
484,500
1,820,288
434,182
14,340		 Total
Funds
Yearto
31.12.24
£
1,117,114
1,152,353
1,820,288
434,182
11.J~Q		 Total
Funds
Yearto
31.12.23
£
1,102,578
1,237,336
1,853,020
424,886
2.;H6
4,627,166
1,590,061
787,457
1,833,949
109,458
52.017
4,372,942
254,224
281,152
535,383
535,383
l~,21ll,21Z
15,437,300
100,000
18,367		 1,057,876
3,380,401
255,548
1,626,663
411,328
341,390
80,192
1,793,069
135,240
92,141		 4,538;277
1,900,578
752,718
1,873,261
227,381
18,367
81,633
175.007		 3,067
37,056
885,375
3,890,319
172,501
(509,918)
463,000
l,422
30.358
174,00-0
(16,560)
(H~.802)
144,802		 40.123
4,794,061
(255,784)
463,000
206,864
414,080
256,640
256,640
3.238.122		 29,198
128,242
1,534.010
10.665.1!;!8		 414,080
15,437,300
3,494,762 1,563,208
10,793,410		 15,851,380

Notes
Incomefrom:
Donations and legacies
2a
Charitable activities
2b
Trading and fundraising
2c
Investments
2d
other
2e
Total income andendowments
Expenditureon:
Raising funds
3
Charitable activities:
Ministry
4a
Cathedral and precincts
upkeep
4b
Education and outreach
4c
Centenary
4d
Totalexpenditure
Netincome(expenditure)
beforeinvestmentgains
(losses)
Gains (losses) on -revaluation
and disposalsofpropertyand
investments:
Property
6
Investments
7
Netincome(expenditure).for
theperiod
Gross transfers between funds
15
Netincrease(decrease)in
Funds
Funds brought forward
15
Funds carriedforward
15
..J		 Endowment
Funds
£
75,000
75,000
15,485
15,485
59,515
198,904		 Endowment
Funds
£
75,000
75,000
15,485
15,485
59,515
198,904		 Total
Funds
Restricted
Unrestricted
Yearto
Funds
Funds
31.12.23
£
£
£
645,302
457,276
1,102,578
646,354
515,982
1,237,336
1,853,020
1,853,020
424,886
424,886
9,346
9.346
1,291,656
3,260,510
4,627,166
158,350
1,416,226
1,590,061
466,869
320,588
787,457
293,974
1,539,975
1,833,949
25,000
84,458
109,458
~
4851
52.017
947,259
3,410,198
4,372,942
344,397
(149,688)
254,224
3.863
78.392
281.159
348,260
(71,296)
535,383
348,260
(71,296)
535,383
1.185.750
10.736,464
14,2Q1,21Z		 Total
Funds
Restricted
Unrestricted
Yearto
Funds
Funds
31.12.23
£
£
£
645,302
457,276
1,102,578
646,354
515,982
1,237,336
1,853,020
1,853,020
424,886
424,886
9,346
9.346
1,291,656
3,260,510
4,627,166
158,350
1,416,226
1,590,061
466,869
320,588
787,457
293,974
1,539,975
1,833,949
25,000
84,458
109,458
~
4851
52.017
947,259
3,410,198
4,372,942
344,397
(149,688)
254,224
3.863
78.392
281.159
348,260
(71,296)
535,383
348,260
(71,296)
535,383
1.185.750
10.736,464
14,2Q1,21Z
258,419 348,260
258,419
2.979.703		 348,260
1.185.750
3,238,122 1,534,010 10,665,168
15,437,300

Notes
Fixed assets
Investmentassets
Property
6
Investments
7
Non,lnvestmentassets
Property
8
Equipmentandplant
9
Total fixed assets
Currentassets
Stocks
10
Debtors
11
CashatbankandInhand
Creditors:amountsfallingdue
withinoneyear:
12
Netcurrentassets
Total assets lesscurrent
llabllltles
Creditors:amountsfallingdue
afteroneyear:
12
Provisionsanddeferred
Income
13
Netassets
Funds
Endowment
15a
Restricted
15b
Unrestricted
15c
Designated
15d
Total funds
15		 Endowment
Restricted
Funds
Funds
£
£
3,010,690
§2,183		 Endowment
Restricted
Funds
Funds
£
£
3,010,690
§2,183		 Endowment
Restricted
Funds
Funds
£
£
3,010,690
§2,183		 Unrestricted
Funds
£
5,328,000
1,26J,Q41
 Unrestricted
Funds
£
5,328,000
1,26J,Q41
 Total
Funds
31.12.24
£
5,328,000
4,335,214		 Total
Funds
31.12,23
£
5,125,000
4,15J,Q04
~~9,278,004~~
4,062,710
274,BQZ
4,337,517
13,615,521
122,863
985,876
1,326,151
2,434,890
~~(336,GQll~~
2,098,289
15,713,810
•(72,387)
(204,123)
15,437,300
3,238,122
1,534,010
10,592,811
2 3 7
15,437,300
~~3,010,690~~
225,000		 ~~62,183~~
4,289		 ~~6,591,041~~
4,097,710
246,622		 ~~9,663,914~~
4,322,710
25Q,911
225,000
3,235,690
262,442		 ~~4,289~~
66,472
659,820
217,798		 ~~4,344,332~~
10,935,373
141,244
833,366
(428,66J)		 ~~4,573,621~~
14,237,535
141,244
1,493,186
251,584
262,449
 1,577,618
 545,947 2,386,014
~~(J,J77)~~
259,072

3,494,762
 ~~(%218)~~
1,543,400
1,609,872
(46,664)		 ~~{482,866)~~
63,081
10,998,454
(8,770)		 ~~(52Q,461 )~~
1,865,553
16,103,088
(55,434)
3,494,762

3,494,762
 1,563,208
1,563,208		 (196,224)
10,793,410
10,721,053		 (196,224)
15,851,380
3,494,762
1,563,208
10,721,053
3,494,762
 1,563,208 72,JSZ
10,793,410		 72.JSZ
15,851,380

Fixed assets
Notes
Investmentassets
Property
6
Investments
7
Non-investmentassets
Property
8
Equipmentandplant
9
Totalfixed assets
Currentassets
Debtors
11
Cashatbankandinhand
Creditors:amounts
falling duewithinone
year
12
Netcurrentassets
Total assets less
currentliabilities
Creditors:amounts
falling dueafterone
year
12
Netassets
Funds
Endowment
15a
Restricted
15b
Unrestricted
15c
Designated
15d
Total funds
15		 Endowment
Funds
£
3,010,690		 Endowment
Funds
£
3,010,690		 Restricted
Unrestricted
Funds
Funds
£
£
5,328,000
62 ,183
1,260,857		 Restricted
Unrestricted
Funds
Funds
£
£
5,328,000
62 ,183
1,260,857		 Total
Funds
31.12.24
£
5,328,000
4 ,333,730		 ·Total
Funds
31.12.23
£
5,125,000
4 ,150,78Q
3,010,690
225,000		 62,183
4,289		 6,588,857
4,097,710
246,623		 9,661,730
4,322,710
2,50,912		 9,275,780
4,062,710
274,BQZ
225,000
3,235,690
262.449
262,449
(3,377)
259,072
3,494,762
3,494,762		 4,289
66,472
659,053
877,539		 4,344,333
10,933,190
1,330,491
(931,302)		 4,573,622
14,235,352
1,989,544
2(!8,686		 4,337,517
13,613,297
1,562,492
769,868
1,536,592
(31,667)
1,504,925
1,571,397
(46,664)
1,524,733		 399,189
~
)
53,282
10,986,472
(8,770)
10,977,702		 2,198,230
'380,951)
1,817,279
16,052,631
(55,434)
15,997,197		 2,332,360
2 3052
2,049,308
15,662,605
(72,387)
15,590,218
3,494,762 1,524,733 10,905,345
72,357		 3,494,762
1,524,733
10,905,345
22,357		 3,238,122
1,501,453
10,778,286
72,357
3,494,762 1,524,733 10,977,702 15,997,197 15,590,218

Notes
Netcashoutflowfromoperating
activities
25
Investingactivities
Dividends, interest and rents
from investments income
Bank interest received
Purchaseofproperty,plantand
equipment
Proceeds from salesofinvestments
Purchaseofinvestments
Netcashinflowfrominvesting
activities
Netcash
(outflow)/
Inflow
beforefinancing activities
Financing activities
Capital repaymentsonbank loan
interestpafd on bank loan
Capital repayments onotherloan
Netcashoutflowfromfinancing
activities
•
Net(decrease)/increase in cash
andcashequivalents
Cash and cashequivalentsat
startofyear
Cash and cashequivalentsatend
ofyear
Analysisofcashandcash
equivalents
Cashatbank
Cash in hand
Cashwith investment managers		 2024
£
430,884
.14,340
(30,953)
543,573		 £
(995,477)
423.429
(572,048)
(17,315)
(589,363)
1.350.132
760,769
747,719
3,865
9.185
760,769		 2023
£
430,333
9,346
(4,014)
502,473		 £
(76,636)
390.751
314,115
(23,983}
290,132
1.060.000
1,350,132
1,321,311
4,840
23.981
1,350,132
(534.415)
(10,036)
(612)		 CS4i,3871
(9,792)
(857)
(6,667} (13,334}

2.
Income- currentfinancial
year
Notes
2a.
Donations and legacies
Congregational collection and
giving
Donations (visitors and others)
Income from appeals and
fundraising events
Tax recoverable under Gift Aid
Legacies trusts and giftsin
memoriam
Cathedral Frien·ds -
subscriptions and donations
2b.
Charitable activities
Church Commissioners
Francis Neilson Trust
20
Liverpool Cathedral Comm_ittee
20
Other grants and donations
Facility fees
Security recharge fees
Income from educational
visits (including publications)
Sundry fees and other Income
2c.
Tradingandfundraising
Gross income from trading
Activities
Incomefromtower, embroidery-
gallery and visitor officer
(tours etc)
Income from parking
2d.
Propertyandinvestments
Property
Investments
2e.
Otherincome
Interestreceivable		 Endowment
Funds
£		 Restricted
Funds
£
187
204,424
12,428
141,951
131,033		 Unrestricted
Funds
£
114,063
269,976
34,318
25,184
183,550		 TotalFunds
Total
Funds
yearto
yearto
31.12.24
31.12.23
£
£
114,250
129,649
269,976
208,006
238,742
212,892
37,612
21,839
325,501
381,421
1 1033
148,771
1,117,114
1,102,578
208,612
348,205
142,664
95,967
60,000
60,000
216,698
276,596
4,112
1,846
236,491
222,834
73
278
283.703
231.610
1,152,353
1,237,336
1,251,469
1,318,611
268,203
265,127
.300,616
269.282
1,820,288
1,853,020
269,018
.261,953
165.164
162.933
434,182
424,886
14,340
9,346
490,023 627,091
100,000 197,692
142,664
60,000
97,885		 101920
18,813
4,112
236,491
73
100,000 69,612
567,853		 214.091
484,500
1,251,469
268,203
---3..QQ.6 6
1,820,288
269,018
165.164
434,182
14,340

2.
Income- priorfinancialyear
2a.
Donationsandlegacies
Congregational collectionand
giving
Donations (visitors and others)
Income from appeals and
fundraislng events
Tax recoverable under GiftAid
Legacies trusts and gifts in
memoriam
Cathedral Friends -
subscriptions and donations
2b.
Charitableactivities
Church Commissioners
Francis Neilson Trust
Liverpool Cathedral Committee
Other grants and donations
Facility fees
Security recharge fees
Income from educational
visits (including publications)
Sundry fees andotherIncome
2c.
Tradingandfundraising
Gross income from trading
Activities
Income from tower, embroidery
gallery and visitor officer
(tours etc) •
Income from parking
2d.
Propertyandinvestments
Property
•
Investments
2e.
Otherincome
Interestreceivable
Notes
20
20		 Endowment
Funds
£
Restricted
Funds
£
152,573
9,615
334,343
Unrestricted
Funds
£
129,649
208,006
60,319
12,224
47,078		 Endowment
Funds
£
Restricted
Funds
£
152,573
9,615
334,343
Unrestricted
Funds
£
129,649
208,006
60,319
12,224
47,078		 Endowment
Funds
£
Restricted
Funds
£
152,573
9,615
334,343
Unrestricted
Funds
£
129,649
208,006
60,319
12,224
47,078		 Endowment
Funds
£
Restricted
Funds
£
152,573
9,615
334,343
Unrestricted
Funds
£
129,649
208,006
60,319
12,224
47,078		 Total
Funds
yearto
31.12.23
£
129,649
208,006
212,892
21,839
381,421
148,771
645,302		 457,276 771
1,102,578
75,000
75,000		 337,651
95,967
60,000
143,200
9,536
646,354		 10,554
58,396
1,846
222,834
278
222,074
515,982
1,318,611
2!,5,127		 348,205
95,967
60,000
276,596
1,846
222,834
278
231.610
1,237,336
1,318,611
265,127
269.282
1,853,020
261,953
162,933
424,886
9,346
269,282
1,853,020
261,953
162.933
424,886
9,346

3.
Expenditure on raising funds-
currentfinancialyear
Endowment
Notes
Funds
£
Visitor costs (facilities and
advertising)
Gross costsofLiverpool
Cathedral Enterprises Limited
Investmentproperty costs
Investmentmanagement costs
13,288
Gross costs retower&
embroidery gallery visits
Gross costs re parking income
Support costs
5
__5,__QZ_9_
18,367
Expenditure on raising funds - prior
financialyear·
Endowment
Funds
£
Visitor costs (facilities and
advertising)
Gross costsofLiverpool
Cathedral Enterprises Limited
Investmentpropertycosts
Investmentmanagement costs
15,485
Gross costs retower&
embroidery gallery visits
Gross costs re parking income
Support costs
5
15,485		 Total Funds
TotalFunds
Restricted
Unrestricted
Yearto
Yearto
Funds
Funds
31.12.24
31.12.23
£
£
£
£
81,663
151,414
233,077
169,083
1,247,225
1,247,225
1,093,185
5,825
5,825
5,420
6,828
20,116
23,602
59,802
59,802
73,526
1,170
1,170
2,379
173.885
154.399
333.363
222.~~8~~66
255,548
1,626,663
1,900,578
1,590,061
Total Funds
Restricted
Unrestricted
Yearto
Funds
Funds
31.12.23
£
£
£
55,014
114,069
169,083
1,093,185
1,093,185
5,420
5,420
8,117
23,602
73,526
73,526
2,379
2,379
103,336
119.530
222.866
158,350
1,416,226
1.590,061
4. Expenditureoncharitableactivities
- currentfinancialyear		 Expenditureoncharitableactivities
- currentfinancialyear		 Expenditureoncharitableactivities
- currentfinancialyear		 Total Funds Total Funds
Endowment Restricted Unrestricted Yearto Yearto
Funds Funds Funds 31.12.24 31.12.23
£ £ £ £ £
4a. Ministry
Clergy stipends and working
Expenses 18 138,297 138,297 132,794
Clergy support costs 53 51,853 51,906 111,382
Music Dept & otheractivities 272,978 225,676 498,654 476,446
Support costs 5 --- -
---		 ~ ~ ~
411,328 341,390 752,718 787,457
4b. Cathedral and precincts
upkeep
Major repairs and restoration 10,610 31,006 41,616 7,981
Maintenance andInterior
Upkeep 69,582 1,014,729 1,084,311 1,175,070
Precincts security and gardens
Upkeep 460,537 460,537 413,596
Support costs 5 286.797 286.797 237.302
80,192 1,793,069 1,873,261 1.833.949

4. Expenditure oncharitableactivities- oncharitableactivities- oncharitableactivities-
currentfinancialyearcontinued
Totalfunds Total funds
Endowment Restricted Unrestricted yearto year to
Notes Funds Funds Funds 31.12.24 31.12.23
£ £ £ £ £
4c. Education andoutreach
Educational activities 26,634 49,001 75,635 71,976
Arc.hives and library 500 500 464
Charitableothergiving and
food bank 108,606 3,030 111,636 3,601
Support costs 5 ~
~
JM1Z
135,240 92,141 227,381 109,458
4d, Otherexpenditure- current
financialyear
Centenaryexpenditure
Depreciation . 3.067 37,056 40.123 52.017
3,067 37,056 40,123 52,017
4. Expenditure oncharitableactivities-
priorfinancialyear
Endowment Restricted Unrestricted Totalfunds
Funds Funds Funds yearto
31.12.23
4a. Ministry £ £ £ £
Clergy stipends and working
Expenses 18 132,794 132,794
Clergy support costs 6,109 105,273 111,382
MusicDept& otheractivities 327,966 148,480 476,446
Support costs • 5 66.835 66.835
466,869 320,588 787,457
4b. .Cathedral and
precincts
upkeep
Major repairs and restoration 7,981 7,981
Maintenance and Interior
Upkeep 293,974 881,096 1,175,070
Precincts security and gardens
Upkeep 413,596 413,596
Support costs 5 237.302 237.302
293,974 1,539,975 1,833,949
4c. Education andoutreach
Educational activities 25,000 46,976 71,976
Archives and library 464 464
Charitableothergiving and
foodbank 3,601 3,601
Support costs 5 -3..M.lZ ---3.MlZ
25,000 84,458 109,458
**4d. ** Otherexpenditure- priorfinancial
year
Centenaryexpenditure
Depreciation _-1,_Q_6§__ 48.951
3,066 48,951 52,017

Support costs - currentfinancial
year
TotalFunds Total Funds
Endowment Restricted Unrestricted ·yearto yearto
Funds Funds Funds 31.12.24• 31.12.23
£ £ £ £ £
Administration and finance 5,079 162,423 375,251 542,753 390,086
StJames House 95,933 95,933 85,671
InformationTechnology 7,180 18,427 25,607 25,987
Personnel, medical and training 39,577 39,577 35,503
Audit 3,870 13,000 16,870 22,724 ·
Other ~U2 2,472 891 142
5,079 173,885 544,667 723,631 560,420

**Si fiil **
upport costs - pror nancayear TotalFunds
Endowment Restricted Unres.tricted yearto
Funds Funds Funds 31.12.23
£ £ £ £
Administration and finance 96,670 293,416 390,086
StJames House 85,671 85,671
InformationTechnology 6,666 19,321 25,987
Personnel, medical andtraining 35,503 35,503
Audit 22,724 22,724
Other 44
103,336 457,084 560,420
Investmentproperty
Endowment
Restricted
Unrestricted
Funds
Funds
Funds
£
£
£
GroupandChapter
Valuation asat1 January 2024
5,125,000
TransfertoNon-Investment
property
(260,000)
Net increaseonrevaluation
463,000
Valuation asat31.December
2024
5,328,000		 Total
Total
Funds
Funds
31.12.24
31.12.23
£
£
5,125,000
5,125,000
(260,000)
463,000
5,328,000
5,125,000

7.
Investments
Group
Market valuation asat1
January2024
Additions
Proceeds from disposals
Equalisation & fractionson
redemption
Net increase (decrease) on
disposals and revaluation
Market valuation asat31
December2024
Cash andshort-termdeposits
Market valuation asat31
December2024
Splitofinvestmentsbetween
categories:
UKEquities and Unit Trusts
USEquities
Europe Equities
Japan Equities
Far East Equities (Asia Pacific)
Equities (Emerging Markets)
Private Equity & Other
Other Equities
Infrastructure& Operating Assets
Property
Contractual & OtherIncome
AlternativeInvestments
FixedInterestSecurities
Cash andshort-termdeposits
Market valuation asat31
December2024
Chapter
Market valuation asat1
January2024
Additions
Proceedsfromdisposals
Equalisations & fractions on
redemption
Net decrease on disposals and
revaluation
• Market valuation asat31
December2024
Cash andshort-termdeposits
Market valuation asat31
December2024
Splitofinvestmentsbetween
categories:
UKEquities and Unit Trusts
USEquities
Europe Equities
Japan Equities
Far. East Equities (Asia Pacific)
Equities (Emerging Markets)
Private Equity & Other
Other Equities
Infrastructure& Operating Assets
Property
Contractual & Other Income
AlternativeInvestments
FixedInterestSecurities
Cashandshort-termdeposits
Market valµation asat31
December2024		 Endowment
Restricted
Funds
Funds
£
£
2,842,292
60,372
365,255
7,975
(378,692)
(7,749)
(319)
(10)
lZ:i,QQZ
;1.,~99
3,003,543
62,087
7147
.:..2§
3,010,690
62,183		 Endowment
Restricted
Funds
Funds
£
£
2,842,292
60,372
365,255
7,975
(378,692)
(7,749)
(319)
(10)
lZ:i,QQZ
;1.,~99
3,003,543
62,087
7147
.:..2§
3,010,690
62,183		 Endowment
Restricted
Funds
Funds
£
£
2,842,292
60,372
365,255
7,975
(378,692)
(7,749)
(319)
(10)
lZ:i,QQZ
;1.,~99
3,003,543
62,087
7147
.:..2§
3,010,690
62,183		 Endowment
Restricted
Funds
Funds
£
£
2,842,292
60,372
365,255
7,975
(378,692)
(7,749)
(319)
(10)
lZ:i,QQZ
;1.,~99
3,003,543
62,087
7147
.:..2§
3,010,690
62,183		 Unrestricted
TotalFunds
Funds
31.12.24
£
£
1,226,359
4,129,023
161,700
534,930
(157,132)
(543,573)
(186)
(515)
30,358
206,8!;i4
1,261,099
4,326,729
1.!;,!42
9,18:i		 Unrestricted
TotalFunds
Funds
31.12.24
£
£
1,226,359
4,129,023
161,700
534,930
(157,132)
(543,573)
(186)
(515)
30,358
206,8!;i4
1,261,099
4,326,729
1.!;,!42
9,18:i		 Unrestricted
TotalFunds
Funds
31.12.24
£
£
1,226,359
4,129,023
161,700
534,930
(157,132)
(543,573)
(186)
(515)
30,358
206,8!;i4
1,261,099
4,326,729
1.!;,!42
9,18:i		 Unrestricted
TotalFunds
Funds
31.12.24
£
£
1,226,359
4,129,023
161,700
534,930
(157,132)
(543,573)
(186)
(515)
30,358
206,8!;i4
1,261,099
4,326,729
1.!;,!42
9,18:i		 TotalFunds
31.12.23
£
3,802,950
548,365
(502,473)
(978)
281,159
4,129,023
23,981		 TotalFunds
31.12.23
£
3,802,950
548,365
(502,473)
(978)
281,159
4,129,023
23,981		 TotalFunds
31.12.23
£
3,802,950
548,365
(502,473)
(978)
281,159
4,129,023
23,981
1,263,041 4,335,914 4,153,004
1,128,289
696,272
243,936
105,400
77,065
201,718
14,070
3,711
32,275
15,229
5,953
219,802
253,406
13,564
3,010,690		 21,355
10,356
2,272
1,843
1,159
3,561
6,857
14,684
96
62,183		 435,178
1,584,822
209,988
916;616
46,075
292,283
37,371
144,614
23,496
101,720
72,213
277,492
14;070
3,711
32,275
15,229
5,953
139,032
365,691
297,746
565,836
1,942
15,602
1,263,041
4,335,914		 1,786,040
641,595
274,578
135,158
95,862
259,747
12,170
3,919
33,647
17,294
5,878
368,432
486,415
32,270
4,153,004
Endowment
Restricted
Funds
Funds
£
£
2,842,292
60,372
365,255
7,975
(378,692)
(7,749)
(319)
(10)
17:i,QQ7
1,499
3,003,543
62,087		 Unrestricted
TotalFunds
Funds
31.12.24
£
£
1,224,135
4,126,799
161,700
534,930
(157,132)
(543,573)
(186)
(515)
JQ,J!l8
206,9Q4
1,258,915
4,324,545		 TotalFunds
31.12.23
£
3,800,782
548,365
(502,473)
(978)
281,lQJ
4,126,799
62,087
3,010,690 96
62,183		 1,942
1,260,857		 9,185
4,333,730		 23,981
4,150,780
1,128,289
696,272
243,936
105,400
77,065
201,718
14,070
3,711
32,275
15,229
5,953
219,802
253,406
13,564
3,010,690		 21,355
10,356
2,272
1,843
1,159
3,561
6,857
14,684
96		 432,994
209,988
46,075
37,371
23,496
72,213
139,032
297,746
1,942
1,260,857		 1,582,638
916,616
292,283
144,614
101,720
277,492
14,070
3,711
32,275
15,229
5,953
365,691
565,836
15,602
4,333,730		 1,783,816
641,595
274,578
135,158
95,862
259,747
12,170
3,919
33,647
17,294
5,878
368,432
486,415
32,270
4,150,780
62,183
8.
Noninvestmentproperty
GroupandChapter
Valuationasat1 January 2024
Additions
Disposals
TransferfromInvestment
property
Valuation asat31December
2024		 Endowmen
t
Funds
£
225,000
Restricted
Unrestricted
Funds
Funds
£
£
3,837,710
260,000
Total
Funds
31.12.24
£
4,062,710
260 00
Total
Funds
31.12.23
£
4,062,710
225,000
4,097,710
4,322,710
4,062,710
NonInvestmentproperty comprisesthefollowing:
2024 2023
£ £
Freehold land 2,500 2,500
HousesforCathedral clergy andstaffhousing 1,209,640 949,640
Housesforadministration and office use 455,000 455,000
St James' House (office use) 1,620,861 1,620,861
StAidan's Centre (office use) 1.034,709 1.034,709
4,322,710 4,062,710
At 1January2024
For Cathedral clergy andstaff
housing
For administration and office use
At31December2024
ForCathed_ralclergy andstaff
housing
For administration and office use
Freehold
£
952,139
3,110,57 1
4,062.710
1,212,139
3,110,571
4,322,710
Leaseswith
morethan50
yearstorun
£
Leaseswith
Lessthan50
yearstorun
£
Total
31.12.24
£
952,139
3,110,571
4,062,710
1,212,139
3,110,571
4,322,710		 Total
31.12.23
£
952,139
3,110,571
4,062,710
952,139
3,110.571
4,062,710

9.
Equipment andplant
GroupandChapter
Cost
At 1 January 2024
Additions
Disposals
Transfers between funds
At 31 December 2024
Depreciation
At 1 January 2024
Chargeforthe period
Ondisposals
Transfers between funds
At 31 December 2024
Netbookvalue
At 31 December 2024
At31 December 2023
10.
Stocks
Group
Finished goods
11.
Debtors: Amountsduein less
than oneyear
Group
Trade debtors
Other debtors
Prepayments and accrued Income
Chapter
Trade debtors
Amounts duefromgroup
undertakings (Note16)
Other debtors
Prepayments and accrued income		 Endowment
Funds
£		 Endowment
Funds
£		 Restricted
Funds
£
1,414,878
652		 Unrestricted
Funds
£
1,303,706
30,301		 Unrestricted
Funds
£
1,303,706
30,301		 TotalFunds
31.12.24
£
2,718,584
30,953		 TotalFunds
31.12.24
£
2,718,584
30,953		 Total Funds
31.12.23
£
2,714,570
4,014
2,718,584
2,377,036
66,742
2,443,777
274,807
337,535
Total Funds
31.12.23
£
122,863
Total Funds
31.12.23
£
248,169
264,516
473.191

985,876
Total Funds
31.12.23
£
62,006
768,029
264,516
467.941
1,562,492
1,415,530
1,408,173
3,068		 1,334,007
1,035,604
51,780		 2,749,537
2,443,777
54,848
1,411,241
4,289		 1,087,384
246,623		 2,498,625
250,912
6,705 268,102 274,807
Endowment
Funds
£
Endowment
Funds
£
Endowment
Funds
£		 Restricted
Funds
£		 Unrestricted
Funds
£
141,244
Unrestricted
Funds
£
371,806
24,872
~
833,366		 TotalFunds
31.12.24
£
141,244
TotalFunds
31.12.24
£
371,806
85,518
Restricted
Funds
£
60,646
599.174
659,820		 1.035.862
1,493,186
Restricted
Funds
£
60,646		 Unrestricted
Funds
£
94,759
1,002,967
12,252		 TotalFunds
31.12.24
£
94,759
1,002,967
.72,898
598.407
659,053		 220.513
1,330,491		 818.920
1,989,544


ortheyearended31December2024
ortheyearended31December2024
ortheyearended31December2024
12.
Creditors: Amounts falling
duewithinoneyear
Group
Bank loan
Other loan
Trade creditors
Taxation and Social Security
Accruals and deferred Income
Chapter
Bank loan
otherloan
Trade creditors
Taxation and Social Security
Accruals and deferred Income
Creditors: Amounts falling
dueaftermorethanoneyear
Group andChapter
Bank loan
otherloan
Analysisofloans
Not wholly repayable within five
years by instalments:
•
Other loan
Wholly
repayable
within
five
years
Included in current liabilities
Instalments not due within five
years
Loansmaturityanalysis
Within one year
Between one totwoyears
Between two to five years
More than five years
Endowment
Funds
£
_____J_,_JZZ
3,377
Endowment
Funds
£
3.377
3,377
Endowment
Funds
£		 Restricted
Funds
£
6,667
27.551
34,218
Restricted
Funds
£
6,667
-25,QQQ
31,667
Restricted
Funds
£
46,664
46,664		 Unrestricted
Funds
£
10,278
202,102
51,834
218.652
482,866
Unrestricted
Funds
£
10,278
101,191
51,834
182.604
345,907
Unrestricted
Funds
£
8,770
8,770		 TotalFunds
TotalFunds
31.12.24
31.12.23
£
£
10,278
10,028
6,667
6,667
202,102
58,580
51,834
88,510
249.580
172,816
520,461
336,601
TotalFunds
TotalFunds
31.12.24
31.12.23
£
£
10,278
10,028
6,667
6,667
101,191
38,650
51,834
80,703
210.981
~
380,951
283,052
TotalFunds
TotalFunds
31.12.24
31.12.23
· £
£
8,770
19,056
46,664
53,331
55,434
72,387
31.12.24
31.12.23
£
£
53,331
59,998
19,048
29,084
72,379
89,082
(16.945)
(16.695)
55,434
72,387
19,996
26,663
31.12.24
31.12.23
£
£
16,945
16,695
15,437
16,952
20,001
28,772
19,996
26,663
72,379
89,082

Endowment Endowment Endowment
Restricted		 Unrestricted Total Funds TotalFunds
Funds Funds Funds 31.12.24 31.12.23
£ £ £ £ £
Group
Deferredcapitalgrant
At 1 January 2024 204,123 204,123 211,972
Release to income and
expenditure account (7,849) (7,849) (7,849)
At 31 December 2024 196,274 196,274 204,123
erred capitalgrantrelated to the development ofLady Chapel Square.
FinancialInstruments
31.12.24 31.12.23
£ £
Group
Carryingamountoffinancial assets
Debt instruments measuredatamortised cost 1,208,908 1,838,836
Instruments measured at fair value through income and expenditure 4,335,614 4,153,004
Carryingamountoffinancial liabilities
Measuredatamortised cost 467,589 253,976
31.12.24 31.12.23
£ £
Chapter
Carryingamountoffinancial assets
Debt instruments measuredatamortised cost 1,379,310 1,864,419
Instruments measuredatfair value through income and expenditure 4,333,730 4,150,780
Carryingamountoffinancial liabilities
Measuredatamortised cost 356,643 220,717

15.
15a.
15b.
15c.
15d.
Movements in funds - Currentyear
Group
Endowed Funds
A M Wood Choir Fund
Other music related funds
Radcliffe Learning Centre Trust
Fund relating to specific Cathedral
maintenance issues
Chapter Endowment and Cathedral
Services Fund
SirKenDodd Rainbow Endowment
Restricted Funds
Radcliffe Library.IncomeFund
Legacy andtrustfunds held by
Cathedralforrestricted use
Green Choir andothermusic related funds
Elizabeth Hoare Embroidery Fund
Church Commissioners Grants
Liverpool Cathedral Committee
West Lancashire Masonic Educational
Trustforvisitorofficer trainees
Francis NeilsonTrustGrants
PatronsoftheOrgan
Rosemary Charity Liver-pool
FriendsofLiverpool Cathedral Grants
Foodbank
Chemin Neuf Project
FundingforERDFCapital Project
Centenary Appeal Grants
2024Fund
OthershorMermfunding relatingto
specific purposes
Funds heldforspecific purposes by
Liverpool Cathedral Foundation
Unrestricted Funds
Designated Funds
.Fundtorepurchase20Ladychapel Close
Total Funds		 At1
January
Income
Expenditure
2024
£
£
£
289,311
57,833
20,943
31,16;3
2,688,872
175,007
(18,367)
15000
100.000
3,238,122
275,007
(18,367)
200
94,552
3,000
(3,000)
75,195
52,244
(42,636)
15,247
197,692
(197,692)
60,000
(60,000)
15,389
142,788
(123,169)
9,480
i.b,872
(16,470)
25,000
(25,000)
2,760
131,033
(87,508)
1,629
901
95,604
1,128,306
299,212
(279,588)
62,190
120,497
(46,030)
32,557
7,037
(4,282)
1,534,010
1,059,375
(885,375)
10,592,811
3,873,759
(3,890,319)
At 1
New
Utilisationof

January
designation
designated
2024
s
Funds
£
£
£
72,357
72,357
15,437,300
5,208,141
(4,794,061)		 Transfers
between
Funds
£
-
- --
(94,552)
1,732
(19,619)
(13,882)
(46,285)
24,641
3,163
(144,802)
144,802
Transfers
between
Funds
£		 At31
December
2024
£
289,311
57,833
20,943
3i,163
2,845,512
250,000
3,494,762
200
86,535
15,247
15,389
1,629
901
95,604
1,172,571
136,657
38,475
1,563,208
10,721,053
At31
December
2024
£
72,357
72,357
15,851,380
15.
Movements in funds - Prioryear
Group
15a.
Endowed Funds
A M Wood Choir Fund
Other music related funds
Radcliffe Learning CentreTrust
Fund relatingtospecific Cathedral
maintenance issues
Chapter Endowment and Cathedral
Services Fund
SirKenDodd Rainbow Endowment
15b.Restricted Funds
Radcliffe Library Income Fund
Legacy andtrustfunds held by
CathedraIforrestricted use
Green Choir andothermusic related funds
Elizabeth Hoare Embroidery Fund
Church Commissioners Grants
Liverpool Cathedral Committee
West Lancashire Masonic Educational
Trustforvisitor officer trainees
Francis NeilsonTrustGrants
Patronsofthe Organ
Rosemary Charity Liverpool ·
FriendsofLiverpool Cathedral Grants
Foodbank
Chemin Neuf Project
FundingforERDFCapital Project
Centenary Appeal Grants
2024 Fund
Other short-term funding relatingto
specific purposes
Funds held for specific purposesby
Liverpool Cathedral Foundation
15c.
Unrestricted Funds
15d.
Designated Funds
Fundtorepurchase 20 Ladychapel Close
Other
short-term
funding
relating
to
specific purposes
Total Funds		 At 1
January
2023
£
289,311
57,833
20,943
31,163
2,505,453
75.000
2,979,703
200
94,552
81,126
13,886
15,389
1,575
1,629
901
95,604
805,214
48,637
27,037
1,185,750
10,564,107
At1
January
2023
£
72,357
100,000
172,357
14,901,917
Income
£
198,904
75.000
273,904
71,900
1,500
337,651
60,000
96,057
11,469
25,000
148,771
(1,575)
483,165
56,061
5,520
1,295,519
3,338,902
New
designation
s
£
4,908,325
Expenditure
£
(15,485)
(15,485)
(77,831)
(139)
(337,651)
(60,000)
(96,057)
(1,989)
(25,000)
(146,011)
(160,073)
(42,508)
(947,259)
(3,410,198)
Utilisationof
designated
Funds
£
(4,372,942)		 Transfers
between
Funds
£
100,000
Transfers
between
Funds
£
(100,000)
(100,000)		 At31
December
2023.
£
289,311
57,833
20,943
31,163
2,688,872
150.000
3,238,122
200
94,552
75.195
15,247
15,389
9,480
2,760
1,629
901
95,604
1,128,306
62,190
32,557
1,534,010
10,592,811
At31
December
2023
£
72,357
72,357
15,437,300
15. Movementsin funds - Currentyear·
Chapter		 At1 January
2024		 Income Expenditure Transfers
between
Funds		 At31
December
2024
£ £ £ £ £
15a.
Endowed Funds
A M Wood Choir Fund 289,311 289,311
Other music related funds 57,833 57,833
Radcliffe Learning CentreTrust 20,943 20,943
Fundrelatingtospecific Cathedral
maintenance issues 31,163 31,163
Chapter Endowment and Cathedral
ServicesFund 2,688,872 175,007 (18,367) 2,845,512
SirKenDodd Rainbow Endowment 150.000 100.000 -
---		 -
---		 250.000
3238122 275.007 (18,367) -
- --		 3.494.762
15b. Restricted Funds
Radcliffe Library Income Fund 200 200
Legacy andtrustfunds heldby
Cathedralforrestricted use 94,552 3,000 (3,000) (94,552)
Green Choir andothermusic related
funds 75,195 52,244 (42,636) 1,732 86,535
Elizabeth Hoare Embroidery Fund 15,247 15,247
Church Commissioners Grants 197,692 (197,692)
Liverpool Cathedral Committee 60,000 •(60,000)
West Lancashire Masonic Educational
Trustforvisitor officertra·1nees 15,389 15,389
Francis Neilson Trust Grants 142,788 (123,169) (19,619)
Patronsofthe Organ 9,480 20,872 (16,470) (13,882)
Rosemary Charity Liverpool 25,000 (25,000)
FriendsofLiverpool Cathedral Grants 2,760 131,033 (87,508) (46,285)
Foodbank
Chemin Neuf Project 1,629 1,629
FundingforERDFCapital Project 901 901
Centenary Appeal Grants 95,604 95,604
2024Fund 1,128,306 299,213 (279,589) 24,641 1,172,571
Other short-term funding relatingto
specific purposes 62,190 120,497 (46,030) 136,657
1,501,453 1,052,339 (881,094) (147,965) 1,524,733
15c. UnrestrictedFunds 10,778,286 2,666,870 (2,687,776) 147,965 10,905,345
At1 January
2024		 New
designations		 Utilisation
of
·designated
Funds		 Transfers
between
Funds		 At31
December
2024
£ £ £ £ £
15d. DesignatedFunds
Fundtorepurchase20Ladychapel Close 72,357 72,357
72,357 72,357
TotalFunds 15,590,218 3,994,216 (3,587,237) 15,997,197
15.
MovementsIn funds - Prioryear
Chapter
15a.Endowed Funds
A M Wood Choir Fund
Othermusic related funds
Radcliffe Learning Centre Trust
Fund relatingtospecific Cathedral
maintenance issues
Chapter Endowment and cathedral
Services Fund
Sir Ken Dodd Rainbow Endowment
15b.Restricted Funds
Radcliffe Library Income Fund
Legacy andtrustfunds held by
Cathedralforrestricted use
Green Choir andothermusic related
funds
Elizabeth Hoare Embroidery Fund
Church Commissioners Grants
Liverpool Cathedral Committee
West Lancashire Masonic Educational
Trustforvisitor officer trainees
Francis NeilsonTrustGrants
Patronsofthe Organ
Rosemary Charity Liverpool
FriendsofLiverpool Cathedral Grants
Foodbank
Chemin Neuf Project
FundingforERDFCapital Project
Centenary Appeal Grants
2024 Fund
Othershort-termfunding relatingto
specific purposes
15c.Unrestricted Funds
15d.Designated Funds
Fundtorepurchase 20 Ladychapel Close
Othershort-termfunding relatingto
specific purposes
Total Funds		 At1
January
2023
£
289,311
57,833
20,943
31,163
2,505,453
75,000		 Income
Expenditure
£
£
198,904
(15,485)
75,000		 Transfers
between
Funds
£		 At31
December
2023
£
289,311
• 57,833
20,943
31,163
2,688,872
15000
3,238,122
200
94,552
75,195
15,247
15,389
9,480
2,760
1,629
901
95,604
1,128,306
62,190
1,501,453
2,979,703
273,904
(15,485)
200
94,552
81,126
71,900
(77,831)
13,886
1,500
(139)
337,651
(337,651)
60,000
(60,000)
15,389
96,057
(96,057)
11,469
• (1,989)
25,000
(25,000)
148,771
(146,011)
1,575
(1,575)
1,629
901
95,604
805,216
483,165
(160,073)
48,635
56,061
(42,508)
1,158,713
1,289,999
(947,259)
10,761,604
2,164,548
(2,247,866)
At1
Utilisation
January
New
of
designations
designated
2023
Funds
£
£
£
72,357
100,000
172,357
15,072,377
3,728,451
(3,210,610)		 100,000
Transfers
between

Funds
£
(100,000)
(100,000)
10,778,286
At31
December
2023
£
72,357
72,357
15,590,218

Indudedin debtorsonthe Chapter Balance Sheet (Note 11) arethe
following group undertakings balances:
Amounts due from Liverpool Cathedral Enterprises Limited
Amounts due from Liverpool Cathedral Foundationinrespectof
commitments madetofund projects being undertaken bythe.Cathedral		 31.12.24
£
942,952
60,015
1,002,967
31.12.23
£
713,941
54,088
768,029

The total costofstaff wages and salaries (excluding clergy) incurredby
the Cathedral and its subsidiary entities during the period to31December
2024wasasfollows:
Gross wagesandsalaries
Social security costs
Pension costs		 Yearto
31.12.24
£
2,019,373
160,552
122,100
2,302,025		 Yearto
31.12.23
£
1,778,961
135,717
112,504
2,027,182
The average numberofpersons employed during the year was:
Analysedas40 full time and 60parttime(2023:40full time and 57part
time) .
The full-time equivalentstaffiscalculated as:		 100
67		 97
66

Remuneration Remuneration Social security costs Social security costs Pension
costs		 Pension
costs		 Total
31.12.24
£ £ £ £
Sue Jones 41,750 4,164 8,513 54,427
Neal Barnes 32,314 2,648 6,810 41,772
Philip Anderson 31,971 3,317 6,810 42,098
106,035 10,129 22,133 138,297
Remuneration Social security costs Pension
costs		 Total
31.12.23
£ £ £ £
Sue Jones 39,477 3,911 8,910 52,298
Neal Barnes 31,370 2,436 7,127 40,933
Philip Anderson 30,015 2,421 7,127 39,563
100,862 8,768 132,794

Auditor'sRemuneration
Support costs includes auditor's remunerationasfollows:
Audit services
Non-audit services		 Yearto
31.12.24
£
16,870
4,563
21,433		 Yearto
31.12.23
£
19,517
3,207
22,724

Gross incoming resources
Net incoming resources after management expenses, grantsto
CorporationofLiverpool Cathedral and other entities definedas
controlled bytheCathedral for accounting purposes and gains
(losses)onrevaluationofinvestment assets
Grants during the year to Liverpool Cathedral and entities controlled
by the Cathedral
Inthe year to31December 2024 the Committee approved grants
tothe Cathedral amounting to £60,000 (2023 - £60,000).
The Committee has historically and currently made annual grants
towards maintenance salariesatthe Cathedral and in addition has
given a commitmentasregardstherepointing programme over the
next10to15 years. The Committee maintains it's right,asan
independent entity,tocritically assess each applicationforgrant
assistanceonits individual merits taking full accountofits own
currentfinancial position.
Yearto
31.12.24
£
65,586
103,946
60,000
Year.to
31.12.23
£
64,943
103,371
60,000		 Gross incoming resources
Net incoming resources after management expenses, grantsto
CorporationofLiverpool Cathedral and other entities definedas
controlled bytheCathedral for accounting purposes and gains
(losses)onrevaluationofinvestment assets
Grants during the year to Liverpool Cathedral and entities controlled
by the Cathedral
Inthe year to31December 2024 the Committee approved grants
tothe Cathedral amounting to £60,000 (2023 - £60,000).
The Committee has historically and currently made annual grants
towards maintenance salariesatthe Cathedral and in addition has
given a commitmentasregardstherepointing programme over the
next10to15 years. The Committee maintains it's right,asan
independent entity,tocritically assess each applicationforgrant
assistanceonits individual merits taking full accountofits own
currentfinancial position.
Yearto
31.12.24
£
65,586
103,946
60,000
Year.to
31.12.23
£
64,943
103,371
60,000
Gross assets
Net assets
Yearto
31.12.24
£
2,342,357
1,963,903		 Yearto
31.12.23
£
2,173,767
1,859,957

currentfinancial position.
Yearto Yearto
31.12.24 31.12.23
£ £
Gross assets 2,342,357 2,173,767
Net assets 1,963,903 1,859,957

31.12.24 31.12.23
£ £
122,100 112,504


cancellable operating leases, which fall dueasfollows:

•
Other
31.12.24 31.12.23
£ £
Within one year 6,706 6,649
Between two and five years 16,765 23,270
Greater than 5 years
23,472 29,919

At31December 2024 the following contractual minim um lease payments wereasfollows:
31.12.24 31.12.23
£ £
Within one year 75,000 75,000
Betweentwoand five years 125,000 200,000
Ingreater than five years
200,000 275,000

25. Reconciliationofnetincometonetcashflow 12months 12months
from operating .activities to to
31.12.24 31.12.23
.£ E
Net (expenditure)/income before investment gains (losses) (255,784) 254,224
Depreciation 54,849 66,742
Income from property and investments (434,182) (424,886)
Interest receivable (14,340) (9,346)
Interest-payable 612 857
(Increase)/Decrease in stocks (18,381) 6,912
(Increase)/Decreaseindebtors (505,082) 273,302
Increase/(Decrease)increditors 184,680 (236,592)
(Decrease)inprovisions (7,849) (7,849)
Cashabsorbed by operations (995,477) (76,636)
26. Analysisofchanges Innetfunds
01.01.24· Cash flows 31.12.24
E E E
Cashatbankandinhand 1,326,151 (574,567) 751,584
Cashwith investment managers 23,981 (14,796) 9,185
Bank loan (29,084) 10,036 (19,048)
Other loan (59,998) 6,667 (53;331)
Netfunds 1,261,050 (572,660) 688,390
27.
Analysisof. netassetsbetweenfunds
Yearend31December2024
Group
Investmentassets
Non-investment assets
Net current assets
Creditors due in more than one year
Provisions and deferred Income
Total Group Fundsat31.12.24
Charity
Investmentassets
Non-investment assets
Net current assets (liabilities)
Creditors due in more.than one year
TotalCharityFundsat31.12.24
Yearend31December2023
Group
Investmentassets
Non-Investment assets
Net current assets
Creditors due in more than one year
Provisions and deferred income
Total Group Fundsat31;12.23
Charity
Investmentassets
Non-investment assets
Net current assets
Creditors dueinmore than one year
Total Charity Fundsat31.12.23		 Endowed
Funds
£
3,010,690
225,000
259,072
3,494,762
3,010,690
225,000
259,072
3,494,762
2,851,440
225,000
161,682
3,238,122
2,851,440
225,000
161,682
3,238,122		 Restricted
unrestricted
Designated
Total Funds
Funds
Funds
Funds
£
£
£
£
62,183
6,591,041
9,663,914
4,289
4,327,037
17,295
4,573,621
1,543,400
8,019
55,062
1,865,553
(46,664)
(8,770)
(55,434)
(196,274)
(196,274)
1,563,2Q8
10,721,053
72,357
15,851,380
62,183
6,588,857
9,661,730
4,289
4,327,038
17,295
4,573,622
1,504,925
{1,780)
55,062
1,817,279
(46,664)
(8,770)
(55,434)
1,524,733
10,905,345
72,357
15,997,197
61,069
6,365,495
9,278,004
6,705
4,087,093
18,719
·4,337,517
1,519,567
363,402
53,638
2,098,289
(53,331)
(19,056)
(72,387)
(204,123)
(204,123)
1,534,010
10,592,811
72,357
15,437,300
61,069
6,363,271
9,275,780
6,705
4,087,093
18,719
4,337,517
1,487,010
346,978
53,638
2,049,308
(53,331)
(19,056)
(72,387)
1,501,453
10,778,286
72,357
15,590,218		 Restricted
unrestricted
Designated
Total Funds
Funds
Funds
Funds
£
£
£
£
62,183
6,591,041
9,663,914
4,289
4,327,037
17,295
4,573,621
1,543,400
8,019
55,062
1,865,553
(46,664)
(8,770)
(55,434)
(196,274)
(196,274)
1,563,2Q8
10,721,053
72,357
15,851,380
62,183
6,588,857
9,661,730
4,289
4,327,038
17,295
4,573,622
1,504,925
{1,780)
55,062
1,817,279
(46,664)
(8,770)
(55,434)
1,524,733
10,905,345
72,357
15,997,197
61,069
6,365,495
9,278,004
6,705
4,087,093
18,719
·4,337,517
1,519,567
363,402
53,638
2,098,289
(53,331)
(19,056)
(72,387)
(204,123)
(204,123)
1,534,010
10,592,811
72,357
15,437,300
61,069
6,363,271
9,275,780
6,705
4,087,093
18,719
4,337,517
1,487,010
346,978
53,638
2,049,308
(53,331)
(19,056)
(72,387)
1,501,453
10,778,286
72,357
15,590,218
15,851,380
9,661,730
4,573,622
1,817,279
(55,434)
15,997,197
9,278,004
·4,337,517
2,098,289
(72,387)
(204,123)
15,437,300
9,275,780
4,337,517
2,049,308
(72,387)
15,590,218