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|**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|
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|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|**FAC**Secretarv|
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|**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|
|Equities**Asia**Pacific|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|
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##
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|
##
|**At**31December 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|