LIVERPOOL CATIIEDRAL COMMITTEE UNAUDITED ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR EiYDED 31 DECEMBER 2023 Charlty Reglstered Number: 244005
LIVERPOOL CADRAL CO]fflklITTEE UNAifDITED FINANCIAL STATEMENrs For the year ended 31 December 2013 Page Legal and administrativ¢ information Cojnmittee mcmbers, report tndependent Examiners, T¢POrt Siatement of finanGial activities Balance sheet io Notes to the Financial Ststements 11-16
LIVERPOOL CATHEDRAL COMMirrEE LECAL AND ADMINISTRATIVE INFORMATION For the ye8r ended 31 December 2023 registered 244005 number Committee members Mrs J GTeensmilh (Clk8ir) Mr W D Fulton Mr G Appleton Mr J Crane Mr J Davies MrPTHTod Mr A Flet¢h¢r Very R¢v¢rend Dr Sue Jone5 FAS J Hauxwell MrD M¢Donnell (retired 30 10 23) Mr D Morrison (Tcsigned 16.10.23) Dame Lorna Muirhead {retired 03 10 24) Mr A HRnnay (relired 30 09 24) Regbtered OT¢ St James House 20 St James Road Liverpool LI 7BY BAnkers HSBC 4 Dale Str¢¢t Livery)ool L69 2BZ Independent Ex#mlner8 Anita C Mason BA(Hong) BFP FCA Mit¢heU Charlcsworth Chartered Accountants Tempest Suite 5.1 12 Tithebam Street Liverpool L2 2DT Investment Manager& Quilier Cheviot 5 St Paul's Squarc Liverpnol L3 9SJ
LIVERPOOL CATHEDRAL COMMrrrEE cOMtITTEE MElklBERS' REPORT For the year ejjded 31 December 2023 The Committee present their report together witb the financial staternents for the year ended 31 D¢¢¢mber 2023. The Committee confirm that the financt21 statements have been prqJar¢d in a¢¢ordance with th¢ ac¢ow)ting policies set out on p&ge I l and comply with current sthtutory requirements. Constitution The charity was registercd on I l August J965 under charity r¢gistration number 244005 and is a body corporate govemed by the provisions of the Liverpool Cathedrnl Acts 1885 and 1902. ObJects of the charlty The main objects of the charity are to manage the assets in order to sISt in mBintsining 4nd preserving the fabric of Liverpool Cathedral and to TCCQiV¢ l¢uAcies Hnd donations and g6LIate incomL lo fulfjl the objects and purposes c()tmected therewith. Organisation The Committee m¢mb¢r4 who ar¢ also trustees of the chaTity. and who h&ve served during the year and since the year end are set out on page l. New Committee membcrs are approved and appoint¢d by the fidl Committee and there is an established induction PTOC¢SS. Some memb¢r3 ol th¢ Con]mitt¢# ar¢ also trnstees or members of the Cathedr81 Chapter And ils related entities. All members of the Committee decla confiicts of iDlere5t when apposite, in the decision rn8king processes, wbich fidly accords with their individual re$ponsibAlities as tnleeS and the charity's Owll constitutioD and objectives. All powers and duties conferrcd or ltnpos OD tb¢ CottUDitt¢¢ by thc Livejpool Cath¢draJ Act 1885 ar¢ ex¢r¢ised and perfornied und¢r the provisions of Section 6 of that Act. The Committee holds two meetings cach year to carry out the activiti of the charity. Durin8 the year, tbc COttltte¢,S invcslm¢nt management fim¢tion transferred from the fornier Investment Sub-comrnittee to the Finance Committee of Liverpool Cathedral. The Financc Committee mec18 quart¢rAy. and the meD]bei8hip Includ inv¢slmellt spe¢ialists. None of the membet? of the Committee received any remuneration orexpenses during the year. Grallt making polley The Con)mittee considers application8 from The Corporation of Liveryool Cathedral for relevant and eligible ants at their meetings. Grant5 may b¢ of a Singul or recurring nature and amount dependent on application, and if 8pprov¢d will norn)ally be paid in the year of approval. Public Benefit Th¢ Committe¢ bas duly considered the Clwity cOmns1on Guidance on PubliG Benefit in the approval and payment of grants. Revlew of acdvltles and aehievements in the ye The Committee has committed an annual grant of £60,000 to The Corporation of Liverpool Cathedral towards Een¢ral tllaintenance costs. Th¢ bave been no further awards beyond the 8nnual commitment of £60,000 since 2021.
LIVERPOOL CATHEDRAL COMMrrrE COMM]TTEE MEKBERS> REPORT For Ihe year ended 31 December 2023 During 2014 th¢ Committee affiTmed that the charity's ¢xistillg fuTuls were available in support of '?4 for 2024" for projects in lin¢ wlth the Conuuit¢¢e's objects. Review of results for the year Income derived from investrnents and cash deposits kncre&4ed to £64,938 (2022: £62,325). Receipts from legaci¢8, donations, gifts ynd other income incre48ed to £5 (2022.. nil). As a result totsl income increased to £64,943, ¢x¢luding gains and losses on revaluation 3nd disposal of fixed asset investtnents, from £62,325 in 2022. ResOUeS expended during the year were grants to The Corporation of the Liverpool Cathedral of Christ iti Liverpool of £60,000 (2022: £60,000) and DWla8ement and administration and 8ovcrnan¢e costs of £12,242 (2021: £12,639). After 18king account of gains and losses on revAluations and disposals of investment asyets, there was 8 POSAtiv¢ net movement in funds of £103,371 (2022: n¢g41ive net movement in £146,844 in the Statement of Fin&ncial Activiti¢s. Future developments The Committce continues to believe that through Gattfui rnanagemcnt of resources, the regvlar and future grant applicatioDS from the Cath¢drai will be mcl. However this position has to be tempcrcd by reality otherwise the medium and IoD8 tenn prospeoÉy for the charity's invcslment funds will be adv¢rs¢ly affected. Illvestmen¢ p¢rfonDance and policy The funds held with Quilter Ch¢vAot at the beginnin8 of the year comprised £1,688,750 in investments and ¢ash of £23,559, totalling £1,712,309. The value of the fimds at th¢ elld of the year was £1,808,961 ID investments and cash of £4.898, totallin8 £1.813,859. £60,000 in grants and £12,242 in management governance ¢0sts were funded from th¢ ittvestment portfolio. Asset aUoeAtion at the year end was as follow8: 2023 15.5•A 2022 Fixed Intest UK Index Linkcd UK Flxed Interest Overseas Equities UK Equities US I,tquiti¢s Japan Equities Europ¢ Asia Pacific Equities Other Propertylother fimds 4.Y/ 28.70/0 5.oyo 33.69A 5.lyo 1.4Q/ 5.3Yo 11.2% 0.6Y 2.69A 4.9Y. 9.P/• 1.5Y Th¢ Cornmittee'8 investtnent policy wms fvlly reviewed 8nd t¢vised in 2023. Inveskneut management and Tesponsibility fi>r delivering this l1¢Y h8s been d¢l¢gatsd to QuAlter Cheviot. InYes(ment Mana8er4 under approved dis¢retionary tern and nditions.
LIVERPOOL CATHEDRAL COMmIEE COMMrrrEE MEMBERS, REPORT For the year CDded 31 DeCeber 2023 Reserves pollcy It is the Committ¢e's policy to maintain UDTestricted fiuuls. whtch are the free reserves of th¢ ¢lwity at a levcffi commensurat¢ with the known and antiGipated needs of Liverpool Cathedral in connection with the continuing maintenanc¢ and upkeep of the fabric of tbe Cathedral and other eligible grant expendikne within the confines and environ5 of the CathedTal as might reasonably b¢ expected to arise within the f0re5eeablc future. The trustees consider tb8t reserves held are sufficient lo meet knovm and atiticipated conjmitrnents for the ft)rs¢eablc thture. Risk a88essment Th¢ Committee bas rcvi¢wed the principal risks to which the charity is expo8¢d and is satisfied that 8uffiGiottt and appropriate systems or controls are in pl&¢¢ lo mitigate exposurc to those risks. The risk areas identified ¢. Accounting and Financial Investment Management Change PToc¢ss¢s - Funds Stock Market Uncertainties Ultra Vire8 A¢ts by Trustecg Post bAlan¢e Sheet event8 The trlte¢S continue to operate in line with thc objects of the charity and continue to explore ways in which it ¢an carry out ils objectives as effectively as possible. Despite volatility in investhi'ent markets and ullceriainty in the economy driven by world wents, the Committee remained able to fulfil its obje¢tives without disruption 8nd through cefUl management remaits8 in a 8tron8 position to continue to do so into tbe fiJtur¢.
LIVERPOOL CATHEDRAL COMMITfEK COMMIThEE MEMBERS, REPORT For the year ended 31 December 2023 Trustees, re8pon8lbilltie5 for Ihe fmAnclal statemellts The tnjstees are responsibl¢ forpreparing the Tnle¢s, Report and the finanGial $18tements in a¢wrdance with applicable law United ngdOrn Accounting Standards (United KiD8dom Generally Accepted Accounting Practice) Th¢ law applicable to clmrities in England 8lld Wales requires the trustee5 to prepare finan01 8tatements for ea¢h financial year which gkve a tn and fairview of the slate of affay of the charity and of the incoming resources and application ofresour¢es of the charity for that period. Jn preparing the5¢ financial slatemenL8 the trustees ar¢ required to: Select 811itable accountin8 poIici¢s 8nd then apply ihem consist¢DtIy> observe the rnethods and principlu in the Charities SORP; make judgements &nd e8timata8 that are reasonable 8nd PTudent' Btatc wbether applicable accounting standards hav¢ been followed. subjeot to any materiaI dcpartures disclosed and explained in the financial statetn¢nls' pr¢p8re the financial statnenL8 on the 8oiDg ¢on¢ern basis uDl¢ss it is inappropriate to prnsume thal the charity will continu¢ in business. The Iste¢S Are re8pon8ible for keeping accountiD8 rordS which dis¢lose with reasonable accuracy at any time Ihe financial position of the ¢h8rity and enable them to eDsuTe that the fiJwi¢ial slalemenls of the charity comply with the Charitics Art 2011, the Charity (Accounts and Reports) Regulations, and the provisions of the Liverpool Cathedral Acts 1885 and 1902. They ar¢ also responsible for safcguarding th¢ assets of th# ¢harity and hence for taking reasonabl¢ Steps for the piev¢ntion and dcte¢tion of fraud and othcr irregularities. The tntee9 wonsible for the maintenance and integrity of the charity and th¢ financial infonnation included on the Charity Commt8sion website, Legislation in the United Kin8dom governins the preparation and dissemination of financial statemeDls may differ from legislation ID other jurisdi¢tioDs. y order of the Commlttee J Greenymith Date,. 28110r2024 llYDEPENDENf E&mINERs REPORT
LIVERPOOL CATHEDRAL cOMMIEE TO THE TRUSTEES OF THE LIVKRPOOL CATHEDRAL COMMrrrEE I report to tbe trustees on my examination of the accounts of Liverpool Cathethal Committee ('the charity,) for tbe year ended 31 December 2023, whi¢h are set out on pag&s 9 to 16. This report is made sol¢ly to the cliar18 ttees. &8 a body, in aword8nce with Section 145 of the ChitieS Act 2011. My ex8mination has been undertaken so that I might stale to the charity's trustees tlu)s¢ matters I8Jn r¢quiTed to stale to them in Independent Examinevs rq)0rt and for no other PUEPOSe. To the fullest extent pemiitted by law. I do not aept or 18sume TesW)Usibility lo anyone other than the charity and the charity's tnjstees as a body, for my cxam1ng4tio for this repo or for the opinions I have formed. Responsibilities and basi8 of report AS the trustees of tbe charity YOU r¢5ponsible for tho preparation of the accounts in Cord&e with the requirements of the Cbarities Act 2011 ('the 2011 Act,). I report in rcspect of my examination of (he charity's acwwits carried out und¢r section 145 of the 2011 Aot and ITh carrying out my examin&tton I hav¢ followed all the applicable Directions giv¢n by the Chatity Commi88ion under section 145 (5)(b) of the 2011 Act. Illdependent examlner's St¥Jtement Your attention 18 dravm to the fact that th¢ ckwity has prcpared finBncial statements in accordancc with Accounting and Reporting by Charities preparing their accounts kn &ccord4D¢¢ with the Financial Reporiing Standard V4pplicable in the UK and Republic of Ir¢land (FRS 102) in pr¢ference to the Accounting and Reporting by Charities: Sts¢em¢nt of Recomm¢ndLd Practice issued on l April 2005 which is referrcd lo in the extant regulations but has now been withdraw I understand that this has been done in order for ftnancial statemenls to provide a true and f8ir view in a¢¢ordan¢e with Generally A¢cepted Accowitin8 Practice effective for reportiog periods beginning on or after l January 2015 have completed my ¢x8mination. I confimi that no matetial rnatters have come to my attention iti ¢onne¢tion with tbe examination giving m¢ T¢Onable Cau to beli¢v¢ that in any material respect: a¢countin8 record8 w¢re not kept in rcspcct of the charity as required by seciion 130 of the 2011 Act. or 2. the accounts do not accord with those records; or 3. the OUntS do not cornply with the appIlble requirements conc£n)ing the form and content of accounts set out in the Charities {AcoouThts and Reports) Regulations 2008 other than any requirement that the aoGoullts give a 'true and fair view, which is not a matter considered p8rt of an independent exomination. I have no concerns and have come across no other mattcrs in ¢onnection with the ¢xamination to which attention should be drawn in thi8 T¢POrt in order to enabl¢ a proper undcr8tanding of the accounts to be reache<L Anlt4 C Mason BA(Hon8) BFP FCA Independent Examiner MitGhell Charlesworth Tempest Suite 5.1 12 Tithebarn Street Liveryool L2 2DT
LIVERPOOL CATRIEDRAL cOmrr[EE STATEMENT OF FINANCIAL AIvrI&s For the year ended 31 December 2023 Unrestrlcted TotAI UnTe5tricted FuDdy 2022 Fund5 2023 Income gDd expenditure Note Inconjing ruource8 Donations and legacies Inv¢stment income 64.938 64,938 62,325 Total incoming r¢sowces 64.943 64,943 62,325 Re8our¢e4 expended Costs of raising fLuKIs 10.820 10,820 11,217 Expendifjwe on ohaTitable activities 61.422 61,422 61,422 Total expenditur¢ 72,242 72,242 72,639 Net in¢omlngl (oul£oinE) resoure¢s before gaSns1 Oossel) on investments (7.299) (7,) (10,314) N¢t {Ios8es) I gain3 on iThvent as5¢ts 110,670 110,670 (136,529) Net movement Ill funds 103,371 103,371 {146,843) Recon¢iliation of fimds: Totsl funds brought forward at l January 1,756.586 1,756,586 1,903,429 Total funds carried fonY•rd at 31 December 1.859,957 1.859.957 1,756,586 The accompanying accounting policie5 8nd note5 forni an integral part of these financial statements. There are no recognised gains or losses Oth than those included in the statement of financial activtties for the two fjjwncial years. All operdtions ar¢ continuing.
LIVERPOOL CATHEDRAL com[rrTEE 10 These unaudited fmancial statements have be subject to independent examinatio Se¢ Teport on pa8e 8. UIYAUDITED BALANCE SHEET At 31 December 2023 2023 2022 Not¢ Fixed Jsseta Investments 1,808,961 1,688,750 1,808,961 1,688,750 Current assets DebtQTg Cash on d¢posit Bank 6,292 24,898 333,616 3,878 43.559 272,907 364,806 320,344 Credltoi's: amounts falling due within one year Jo 313,810 252,508 Net curr¢n¢ &8sets 50,996 67.836 N¢¢ I85etg 1.859,957 1.756,586 Funds Ujtrestricted li 1,859,957 1.756,586 The financial statctncnts on pages 9 to 16 were approved and authoriseAI for issue by the Tnthes on 2811012024 .. and ar¢ signed on their behalf by: J Greensmit Chair
LIVERPOOL CATHEDRAL COMMITTEE 11 These unaudited financial statcm¢nts have been subjed to independent examinAtioL See report on pag¢ 8, UNAUDrrED NOTES ON FINANCIAL STATEMENTS For the year endod 31 December 2023 Aceoundng policies Ch*rity lllforniotion Liv¢ryool Cathedral Conullittee is aD unincorporated charity r¢8isteTed in England. BpBis of accounting These financial statements have been prepared in accordance with FRS I02 'lThe Financial Reporting Standatd applicable in the UK and Republic of Ireland" C'FRS 102"), "Accountin8 and Reportiog by Charities" the Statement of Recummended Practice for clwilies applying 14RS I Q2, tbc Charities Act 20 I l And UK and GerallY Accepted A¢¢owiting Practic¢ as it applies from l January 2019. Liverpool Cathedral Committee meets th¢ definition of a publia benefit entity under FRS 102. Assct8 and liabilities are initially rc¢ognised at historical ¢05t or trAnsaction value wiless otherwi3¢ Stated in the relevant accounting p)licy notes. The Charity taken lldvanlage of the provisions in the SORP for Charities Applying FRS102 Update Bulletin l Dot to prepare a Stat¢ment of Cash Flows. The financial statements have departed from tb¢ Charities (Accounts and Reports) Regulalions 2008 only to the exÉ¢nt requir¢d to provide a trne and fatr view. This departure has involvcd following the Statement of R¢cotnmended Prftctice for charilies applying FRS 102 rather than the version of the Statement of RecotnmeThdcd Pra¢tice which 18 r¢feTred to in the Re8ulation9 but which hos sxn¢e been withdrawn. The finaDcial statements are prePd in sterlin& whith is lh¢ functional CUTT¥ncy of the charity. Monetary amounts in these financial stat¢ments are rounded to the nearest £. The financial ststrments have been prepared under the historical cost conventi¢)n. The prinoipal accounting polieics adopted are set out below. Going eoncerll At tlLe timc of approving the finallcial ststements, the Tntee5 hav¢ a reasonable expect8tion that the charity adequate resources lo continue in OPCTationai existenrx for the foreseeable future. Thu8 the Trusteey continue to adorrt the goin8 wncern basis of accounts in preparing the financial statomeThts. Charlt8ble funds Funds beld by the charity aT¢.' Uni'etstricledfynds - these are fimds which c8n bc used in a¢¢ord8nce with th¢ Gh4ritable object8 4t the dis¢r¢tion of the trustees. Income recognldoll All income is recogni5ed once the charity has enti¢l¢rnent to the incom4 there is 5uffici¢nt certainty or rec¢ipt and 80 it is probable that the iticome will be received, and the amount of income re¢¢iv&ble can be measured r¢liably. tnvestment income is accouDted for in the period in which it is received. tnterest on bank and other deposits is received 05S and 4c¢(Rmted for in the period of TeceipL Di)nations, legacies and gift4 together with 4ny associated tsx r¢¢ov¢ry, are recognis¢d as income irA th¢ accounting period of receipt.
LIvE100L CATHEDRAL COMMrrrEE 12 These unaudited fllwi¢i41 statements have been subject to independ¢nt examinatiorL S¢e report on page 8. UNAiJDrrED NOTES ON FfNANCIAL STATEMENTS For the ye4r ended 31 De¢¢mber 2023 Accounting policle5 (tontlnued) Expendlture re¢ogllition Management #nd administration cxpenses and Governanco Costs comprise ail costs incurred in operating the Gharity for th¢ period under review which c0t be directly allo¢ated to the charity's projects or fimd raising. Th¢r¢ w¢re no CmploY dwing the y¢ar. Grants paid or payable are ¢b8rged iti the year of approval by the Committe Ca8h aud cash equivalent8 Cash and c&8h equivalents inGlude cash in h4lld, dep051ts held at ¢811 wllh banks, other thort-tenn liquid investments with original rnaturitie8 of11)ree months or less. Investmen¢8 Fixed asset investments are initially measured at transaction price ¢xcludin8 transaction ¢08ts end are subsequently measured at fair value at each tcporting date. Changes in f8ir value ar¢ Tecognis¢d in net inwme/{cxpenditure) for the year. Trawction costs 8re expcnsed 8s incurred, FIDRllclal Instruments The ohatity has elccted to apply the provisions of Section I I 'Basic Fin8ncial Instnllnents, aDd Section 12 'Oth¢r Financial 1rn8truments Issues, of FRS 102 to all ofils financial inslrum¢nts. Financial instruments ar¢ recogniscd in the cbarity's balance sbeet wh¢D tb¢ charity become5 party to the contractual provisioDS of the instrument. Financial and liabilities are offset, with the net amounts pr¢s¢nted in the financial stst¢ment4 when there is a1¢8ally enforceable rigbt to set off the recognised arnounls and there is an intention to settle on a net blS or to realise the asset and settl¢ the liability simultancowly. BasicJ7nuncial 4w¢ts Basic financial assets, which include debtOTS and cash aod bank balhn¢&%, are initi8lly measured at transaction pricc illcluding transaction ca518 and subsequently carried at amortiscd cost using the ffectiv¢ interest m¢thod unless th¢ arrangement constitutes a fu1ClUs transaction. wher¢ the transaGtion is me&8ured &t th¢ present value of the fvture receipts discounted at & market rat¢ of intcrest. Financial sets classified as r¢ttivable within one year are not arnorfised. $lcJlnanclal Ilabililles Basic fitwicial liabilities, including oreditors and bank loans ar¢ initially re¢ognised at transaction price unlcss the arrangement Gonsttttrt¢s a fman¢in8 transaction. where th¢ dBbt insttumei)t is measured Mt the pre5eDt value of the future payments disoounted at a market rate of interesL FinanBial liabilities cl853ified a5 payable within OD¢ year aro not amortised. Dcbl instruments are subsequ¢ntly carried at amortiscd cosl win8 the efftive interest Tate method. Trade creditors 8nd accrua]s are obligatio$ to pay for goods or servioes tbat have beell quired in the ordinary course of operntions from Suppliers. Amounts payable are classified as current liabiliti rf payment is due within one y¢ar or less. If not. they are preyented &s non-CUtTent liabilities, Trade cr¢ditors ar¢ recognised initially at tr8&8action price and subs¢qu¢llÉly measured at amortised cost using the effeotiY¢ interest etId.
LIVERPOOL CATHEDRAL COmMIEE 13 Thcsc unaudited financial statements have been SUbjt to independent exaTnination. See report on page 8. IiNAUDITED NiyfES ON FINÈiNCtAL STATEMENTS For the year ended 31 December 2023 Accounting pollc1&4 (continued) TRIation The charity ben¢fit5 from vaTiOUS exempti0tt8 from tsxation afforded by tax legislation and is not liable to oorporation tax on income or 8ains falling within those exemptions. R¢covery is llde of tax deducted from income and from TCIpts under Gift Aid. The chlty is not able to recover Value Added Tax. ExpenditUTe is recorded iti the accounts inclusiv¢ of VAT, Critical accountlng estimat olld judEements ]n the application of thc charity's accounting policies. th¢ tTUStees are required to make judgements. estimatey and assumptions about tbe Carrying amount of assets and liabilities that are not readily apparent from other sources. Th¢ estimales and &8sociatcd assumptions are based on histOriC81 experience and other faotors that aTe considered to be relevanL Actual results may diff¢r from th estimates. The estimates and wid¢rlyin8 assutnpliony are reviewed on ongoing bls. Revisions to Accounting &8timates are recognised in the period in which the &8timate is revised where th¢ r¢vision affeGts Only that perio(L or ill the period of th¢ f¢Vi3lQD aDd future periods where the revision affects both currollt and fijture periods. Donatlons and Legacles UDreJtrlcted TotAI 2022 Unrestricted Fund8 Total 2023 Donation Investment ill¢othe UnrestrScted I'ntal 2022 Unrestrlcted Fun Total 2023 UK Equities & other investments UK Gov¢nl¢llt srIties Foreign Equities & other invcgtmeots Bank int¢rest 47.939 2.720 13.139 188 47.939 2,720 13,139 188 48,959 2,619 10,436 311 63,986 63,986 62325
LJVERPOOL CATHEDRAL corllEE 14 These unaudited financial 5tsteDwits have Iell subject to independent examination. See report on page 8. iINAUDITKD NOTES ON FXNANCLIL STATE1[5 For the yer ended 31 December 2023 Costs of rthing funds Unrestrieted Total 2022 Unwtrkcted Funds Total 2023 Investtnent management charges 10,820 10,820 11,217 Expenditure on cbarltable a¢llYllfies UDrntrict¢d Totol Unre3tiicttd Totpl 2022 Fund8 2023 Granifvndedacllvltles.. Grants to Liv¢Tpool Cathedral iti year Maintenance Dept. costs contiibution Stsppoil aiidgovernance costs.. Jnd¢peDd¢nt Examination f¢es 60.000 60,000 1,422 1,422 1,422 61,422 61,422 61,422 6 Employees Ther¢ aTe no employee8 during the year. AS the cbarity does not en)ploy ally of its ovrn staff, At does not have any key management PBrsonnel costs. 7 Investments tnvestrnents comprise shares and unit trusts in quoted ¢omphni¢s and UK Government strth, stated at market value at 31 Decemb 2023: 2023 2022 Movemenl in inveslmenls in iheyear was.. Market Yalue of investsnents at l January Purchases in the year at oost Sales proceeds from disposals in the year l.688,750 171,966 (162.425) 1,857,151 358,449 (390,321) Gains and (Losqes) in the year: - R¢alis¢d gains - Realised losses - Unreali5ed gaitL81 (losses) on revaluation 56.176 84,173 54,494 (220,702) Totsl realised and ut]realised gains l (10&8es) Net movement during th¢ year Market value of investments at 31 December 110,670 120,211 1808 961 136529 168,401 1688 750
LIVERPOOL CATHEDRAL COMtkUTTEE 15 Historic cost of inv&stm¢nts at 31 Decallber 1.562.983 1,497,255 These unaudited fLtwicial statements have been subject to independent eraminatio See report on pag¢ 8. UNAUDrrED NOTES OIY FINANCIAL sfATEM&NTS For the year ended 31 December 2023 The maln cat¢gori¢s of invwtm¢nts * the year end were: 2023 2022 UK Equities & other investtnents UK Gov¢o)ment Securities For¢ign Equities & other investments 727,324 281,578 800,059 577,255 325,045 786,450 1,808,961 1,688,750 8 FinaDcIRI Instruments 2023 2022 Corryillg amount of finandal 8$sets Debt instrnments meayured at amortis¢d cost Equity instruments m¢8sur¢d at fair v&lue 364,806 320,344 CarrybAg omount of flngneial a$sets Measured at amortised cost 9 Debtors: amounts falllog due Trithlo one year 2023 2022 ACOnd interest and dividends 6.292 3,878 6.292 3,878 10 Creditor8: amoun18 falling due within on¢ year 2023 2022 Grant commitments Ac¢nwl8 atid deferred income 309,653 4,157 248.231 4,277 313.810 251508 11 Funds All of th¢ fimds of the charity are considered to be unrestri¢ted and available for the Beneral puryjoses of tb¢ Charity. Unrestrfficted fid8 as at the yegr-elld amounted to £1.859,957 (2022.. £1,756.586)
LIVERPOOL CATIIEDRAL CONtMIfrEE 16 These unaudited financial statements have been subject to it)dependent examination. See report on page 8. UNAifDJTED NOTES ON FINANCLIL STATEMENrs For the ye&r ended 31 Decernber 2023 12 Related PArtles Management 8ervice8 to the value of £10.760 (2022: £11.217) were pn)VAded in the year by Quilter Cheviot. Mr P T H Tol who is a member of the Comjnittee, wa8 8190 an nplOYee of Quilter Cheviot in the period und¢r review. None of the members of the Committee received gny remuneration or benefitsl expenses from the charity during the year or the preTrious period. GrAnt commitments due to the the Corporation of the Cathedral Church of Clllist in Liverpool, total £309.653 (2022: £248,231). There were no other related paty trnnsactions in the ye. 13 Operating leases Al the reporting end date, the charity had no ¢ommitm¢nts for futurc l¢as¢ Pallents under non-¢ancellable leases (2022: £nil),
LIVERPOOL CATHEDIiAL COTrllktrrTEE 17 These unaudited financiAI statern&kts have beeD subject to independent examination. See pOrt on page 8.