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2022-09-30-accounts

Contents				Page
Trustees and advisers
Report ofthe Trustees				2-6
Independent Examiner's		report
Statement of Financial		Activities
Comparative Statement		of Financial	Activities
Balance Sheet				10
Notes to the Financial	Statements			ii - 20

Trustees:			Dean Sue Jones - Dean of	Dean Sue Jones - Dean of	Dean Sue Jones - Dean of	Liverpool
			Pat Heyes
			Tom Roberts
			Nick Basson
			Paul Ferguson
			Rev'd Myles Davies
			Stephen Mannings	—Director of Music
Correspondence		Address:	Cathedral Deice
			StJames' House
			20 StJames' Road
			Liverpoo I
			L1 7BY
Bankers:			National Westminster		Bank	pic
			University Branch
			5 Oxford Street
			Liverpoo I
			L7 7HL
Investment	Managers:		Quilter Cheviot Investment			Management
			5, St Paul's Square
			Liverpoo I
			L3 gSJ
Independent	Examiner:		Louise Casey A.C.A.
			Mitchell C harl esworth
			5 Temple Square
			Temple Street
			Liverpoo I
			L2 5RH

			Unrestricted	Restricted	Endowed
			Funds	Funds	Funds	Totals	Totals
			2022	2022	2022	2022	2021
		Notes	E	E	E	E	E
Income and
endowments from:
Donations and legacies investments			89,511 ~7			89,511	80,703 ~4
Total income			96,748	848		97,596	87,987
Expenditure on:
Raising funds		4	1,808			1,808	1,646
Charitable activities		5
Total expenditure			83,892	848		84,740	83,619
Net gains/(losses)	on
investments			(21,747)		(5,333)	(27,080)	46,927
Net income/(expenditure)		8	(8,891)		(5,333)	(14,224)	51,295
Total funds brought
forward			192,778	2,000	129,361	324,139	272,844
Tote I funds carried
forward			183,887	2,000	124,028	309,915	324,139

				Unrestricted	Restricted	Endowed
				Funds	Funds	Funds	Totals	Totals
			'Nates	2021 f	2021	2021f	2021f	2O20f
Income and
endowments	from:
Donations and	legacies		2	80,703			80,703	101,178
Investments			3	6 505	779		7 284	7 293
Total income				87,208	779		87,987	108,471
Expenditure	on:
Raising funds			4	1,646			1,646	1,612
Charitable activities			5	81 194	779		81973	97 899
Total expenditure				82,840	779		83,619	99,506
Net gains/(losses)		on
investments				21,659		25,268	46,927	(24,364)
Net income/(expenditure)			8	26,027		25,268	51,295	(15,399)
Total funds brought
forward				166,751	2,000	104,093	272,844	288,243
Tots I funds carried
forward				192,778	2,000	129,361	324,139	272,844

						2022		2021
				Notes
Fixed assets
Investments						258,803		289,691
Current assets
Balances at bank Cash at bank and in hand Central Board of Finance					61,505		55,895 ~7
					70,219		64,552
Creditors: amounts		falling	due
within one year				10	(19107)		(30 104)
Net currant assets
Total assets less	current
liabilities						309,915		324,139
Funds
Unrestricted funds				12		183,887		192,778
Restricted fund				12		2,000		2,000
Endowment funds				12				12K261
Total funds				13		309,915		324,139


2.	Income	from donations	and legacies			Unrestricted	funds
						Total	Total
						2022 f	2021 K
	Remittances from trustees		in the USA			88,906	80,703
	Other donations received
						89,511	80,703
3.	Income	front	unrestricted	Restricted	Endowment	Total	Tata I
	investments		funds	funds	funds	2022	2021
			E		E	E
	Dividends	receivable	7,152	848		8,000	7,269
	Interest	on bank deposits	85			85	15
			7,237	848		8,085	7,284

Unrestricted	funds
2022	2021
E	K
1,808	1,646

S.	Expndkure on charitable	Expndkure on charitable	activities	activities	activities				2022 f	2021
	Grants payable (note 7)								80,858	79,143
	Support costs (note 6)								2 074	2 830
									82,932	81,973
	Z1,313(2021f697) of the above costs were attributable (2021f79,899)of the above costs were attributable to						to restricted funds and unrestricted funds.			f81,119
6.	Support costs								2022 f	2021 f
	Accountancy									750
	Bank charges								74	74
	Honorarium								500	500
	Governance costs
	Independent examiners'	fee							1 500	1506
									2,074	2,830
7.	Grants payable								2022f	2021f
	Corporation of the Cathedral			Church	in Liverpool				79,928	79,143
	Individuals
									80,858	79,143
8.	Net income/(expenditure)								2022f	2021
	Net incoming resources	is stated after charging:
	Independent Examiner's	fees							1,500	1,506

9.	Investments		2022	2021
	Balance at 1stOctober 2021 Additions at cost Disposal s Net unrealised investment (losses)/gains		284,728 21,877 (29,205) ~)	234,536 63,927 (50,226)
	Cash held on deposit		250,926 ~7	284,728
	Market value at 30th September 2022		258,803	289,691
			2022f	2021f
	Historical cost at 30th September 2022		248,667	251,682
	Investments are held in UK Unit Trusts.
	Investments exceeding 5'yo ofthe total	portfolio:	2022f	2021f
	Fidelity UCITS US Quality Income Fund		25,134	23,433
	BNY Mellon Global Funds pic US Equity	Inc	33,420	28,733
10.	Creditors: amounts falling due within	one year	2022f	2021f
	Accruals		19,107	30,104
11.	Financial instruments		2022	2021
	Financial assets:
	Measured at fair value through net income		250,926	284,728

32.	Movement in funds	At			Gains and	At
		1.10.3023 9	Income f	expenditure f	Losses f	30.9.2022
	Endowment funds:
	jackson Legacy	70,772			(2,918)	67,854
	Friends of Cathedral
	Muslc-
	Unrestrlcted
	permanent
	endowment fund	32,552			(1,342)	31,210
	Morton Bursary-
	Restri cted
	expendable
	endowment fund				wLQZZ
	Total endowment
	Funds	129,361			(5,333)	124,028
	Restricted funds:
	Cross Guild
	Educational Grants	2,000				2,000
	Morton Bursary-
	Muslcal studies
	for young choristers
	Total restricted
	funds	2,000	848	(848)		2,000
	Unrestricted
	funds:
	General funds	192,778	96,748	(83,892)	(21,747)	183,887
	Total Funds	324,139	97,596	(84,740)	(27,080)	309,915

Comparative informati	on in respect o	fthe preced	ing period is as	follows:
	At			Galas and	At
	1.1D.3030I	Income I	Expenditure I	Losses E	30.9.3031 E
Endowment
funds:
Jackson Legacy	56,948			13,824	70,772
Friends of Cathedral
Music-
Unrestricted
permanent
endowment fund	26,194			6,358	32,552
Morton Bursary-
Restrlcted
expendable
endowment fund	20 951			5 086	26 037
Total endowment
Funds	104,093			25,268	129,361
Restricted funds:
Cross Guild
Educational Grants	2,000				2,000
Morton Bursary—
Musical studies
for young choristers
Tote I restricted
funds	2,000	779	(779)		2,000
Unrestricted
funds:
General funds	166,751	87,208	(82,840)	21,659	192,778
Total Funds	272,844	87,987	(83,619)	46,927	324,139

for the objects of the c generalfunds.	for the objects of the c generalfunds.	harity without further spe	cified	purpose and	are	available as
Analysis ofnet assets
between
funds		Unrestricted Restricted		Endowmentf		Total E
Investments		132,775	2,000	124,028		258,803
Current assets		70,219				70,219
Creditors: amounts	falling
due within one year		19 107				{19107)
Tote I Funds		183,887	2,000	124,028		309,915
Comparative information		in respect of the preceding	period	is as follows:
		Unrestrkted Restricted		Endowment		Tots I
		E	E		E	E
Investments		158,330	2,000	129,361		289,691
Current assets Creditors: amounts due within one year	falling	64,552				64,552 ~4)
Tots I Funds		192,778	2,000	129,361		324,139