2023-12-31-accounts

Receipts and Payments Account for the year ended 31 December 2023 Unreslricled Funds 2023 Reslricled Endowment Funds Funds 2023 2023 £s £s Total 2023 Totsl 2022 Note Recei Donations and plate collections Toursladmission charges Fees and charges Legacies Investment incorne Grants Other 80,091.56 10,714.10 6,282.00 1,000.00 8,290.10 29,084.80 3,924.75 13,225.14 93,316.70 10,714.10 6,282.00 1,000.00 8,290.10 35,965.33 3,924.75 85,615.39 8,187.88 5.117.00 15,000.00 11,699.78 16,652.20 2,886.80 6,880.53 Total Recelpis 139,387.31 20,105.67 159,492.98 145,159.05 ments Wages Diocesan costs Adrninislralive costs Church running costs Music Hall running costs Charitable donations Other 27,409.67 12,315.20 9,807.28 45,618.24 3,963.85 4,200.00 5,283.15 2.750.00 30,159.67 12,315.20 9,874.43 48,596.64 3,963.85 17,262.64 6,929.28 21,021.71 14,623.55 10,552.64 60,832.15 7,137.83 13,486.06 5,568.73 67.15 2,978.40 13,062.64 1,646.13 Total Payments 108,597.39 20,504,32 129,101.71 133,222.67 Excessldeflcit of Recelpts ovèr Payments for the year before transfers 30,789.92 .398.65 30,391.27 Transfers Excessldeficit of Receipts over Paymènts for the year 30,789.92 .398.65 30,391.27 Signed on behalf of the Trustees Date li

Statement of Assets and Liabilities as at 31 December 2023 Unreslricled Funds 2023 Reslricled Endowment Funds Funds 2023 2023 £s £s Total 2023 Total 2022 Cash Funds Current Accounts Total Cash Funds 102,163.71 102,163.71 32,156.32 32,156.32 134,320.03 134,320.03 130,928.76 130,928.76 Investment Assets M&G Unil Trusts NICIFC Unil Trusts RCB Unil Trusts Total Investmenl Assets lat costl 23,000.QO 19,100.00 56,464.27 350.00 50,835.04 107,649.31 98,564.27 350.00 131,835.04 230,749.31 98,564.27 350.00 104,835.Q4 203,749.31 15,000.00 38,000.00 66,000.00 85,100.00 Assets retained for the Board's own use Fixtures and fittings (Music Hall) Total assets retained for the Board's own use 62,000.00 62,000.00 44,500.00 62,000.00 62,000.00 44,500.00 Signed on behalf of the Trustees Date 0.4..110 /24%Lk 12

Notes to the financial statements for the year ended 31 December 2023 1. Accounting pollcies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities. {a) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted on a cash receipts basis (b) Statement of Assets and Liabilities li) Assets retained for the Cathedral's own use The assets of the Cathedral, retained for its own use comprise... Cathedral Bijilding and Churchyard Fixtures and fillings (Music Hall) The Cathedral Building and Churchyard are deemed to be Heritage assets as defined by the Charities SORP {FRS1021. These Heritage assets are not included in the Slalement of Assets and Liabilities as information on the cost or valuation is not available and such infomialion cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the Cathedral. Only the fixtures and fittings in the Music Hall are considered as assets of the Cathedral Board. The landlord of the building is the Diocesan Properties Committee and is provided rent free for the sole use of the Cathedral. Fixtures and fittings are recognised on a cost of renewal basis. lil) Investments Fixed asset investments comprising inveslmenls in RCB, NICIFC and M&G Unit Trusts are recorded at cost with capital gains or losses reflected in the accounts as and when such assets are redeemed. The market value of investments at 31 December 2023 is eslimaled al £390 k. 2. Reconciliatlon of Cash Funds Total Cash Funds at beginning of the year Receipts for the year Payments for the year Investment of funds Total Cash Funds at end of the year £130,928.76 £158,492.98 -£128,101.71 -£27,000.00 £134,320.03 13

1. Movement of Funds Al 01 Jan 2023 Incoming Resources Outgoing Resources Al 31 Dec 2023 Transfers Endowment Funds Historical bequests and legacies 106,649.31 106,649.31 9,290.10 9,290.10 4,290.10 107,649.31 ,290.10 107,649.31 Restricted Funds Current Sub Account.. a. Collections for third parties b. Cathedral Schools, Education Prog. c. Specific grants Development Sub Account.. Donations towards Iransepl wndow repairs Deanery Sub Account Organ Fund Flower Fund 0.00 0.00 0.00 13,062.64 2,750. 00 4,130.53 -13,062.64 -2,750.00 .4,130.53 0.00 0.00 0.00 3,151.06 78,504.95 35,200.00 798.96 117,654.97 3,151.06 78,156.84 35,300.00 648.42 117,256.32 -348.11 100.00 62.50 20,105.67 -213.04 .20,504.32 Unrestrlcted Funds Current Main Account Development Main Account 38,856.01 71,517.78 110,373,79 120,220.21 9,877.00 130,097.21 -108,566.S9 -30.80 .108,597.39 8,290.10 58,799.73 81,363.98 8,290.10 140,163.71 Total Funds 334,678.07 159,492.98 -129,101.71 0.00 365,069.34 Pur oses of Endowment Fund To provide income for use al the discretion of the Cathedral Board including upkeep of churchyard Pur oses of Restricted Funds Current Sub Account- As stated in table above Development Sub Account - As stated in table above Deanery Sub Account- To provide future accommodation for the Dean of the Cathedral Organ Fund - To make provision for repairs to the Cathedral organ Flower Fund - To provide flowers for display during services of worship

2. Donations and plate collections 2023 £s 62.993.46 23,023.27 7,299.97 93,316.70 2022 Weekly and annual freewill offerings (including Gift Aid) Ordinary and special collections {including Gift Aid) Other gifts and donations (including Gift Aid) 58,685.55 23,015.17 3,914.67 85,615.39 14

3. Grants 2023 £s 9,652.00 2,750.00 1,152.13 600.00 21,811.20 2022 £s 11,031.00 2,500.00 Benefact Trust Ltd. (for use al the discretion of the Calhedral Board) Diocesan Board of Education {Cathedral Schools, Education Programme) Grand Council of Knight Masons Power Nl Energy Bills Support Scheme RCB Church Fabric & Development Fund Listed Places of Worship Grant Scheme (Cathedral fabric rep8irs) RCB (one-off Covid Support Grant) 1,611.20 1,510.00 16,652.20 35,965.33

4. Administrative costs 2023 £s 5,413.00 3,766.13 695.30 9,874.43 2022 £s 4.974.41 4,884.26 693.97 10,552.64 Adminislralive assistance Slalionary, printing, postage and etc. 8ank and audit fees
5. Church running costs 2023 2022 £s 17,696.51 32,768.94 4,050.00 6,316.70 60,832.15 Heat, light, water and sewage ServI￿S Fabric and equipment maintenance Ground maintenance Insurances 16,297.11 15,096.81 10,391.09 6,811.63 48,596.64
6. Music Hall runnlng costs 2023 2022 £s 1,992.06 5,115.94 29.83 7,137.83 Heat, light, water and sewage seNices Fabric and equipment maintenance Insurances 2,520.93 1,410.75 32.17 3,963.85

7. Charitable Donations 2023 2022 £s 3,526.44 9,959.62 13,486.06 Diocesan Funds and Bodies Missions and external Funds and Bodies 5,938.54 11,324.10 17,262.64 The above amounts have been included in Receipts for the Year under'Donalions" and in Payments under'charitable Donations, 15

8. Transactions with the Trustees The Board reimbursed £755.04 to one Iruslee in respect of minor running cost expenses incurred for and behalf of the Board during the year. Apart from the aforementioned no trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.

9. Governance Costs. Govemance costs of £360.00 were incurred during the year all of which relates lo fees paid to the independent examiner. Govemance costs are induded wilhin "Administration Costs. in the Receipts and Payments Accounts. 16