Receipts and Payments Account for the year ended 31 December 2024
Unrestricted Restricted Endowment
Funds
Funds
Funds
2024
2024
2024
Note £s
£s
£s
Total
2024
£s
Total
2023
£s
Recei
Donations and plate collections
Toursladmission charges
Fees and charges
Legacies
Investment income
Grants
Other
76,556.02
13,267.91
8,622.68
45,000.00
11,445.75
8,301.00
2,884.80
11,268.45
87,824.47 93,316.70
13,267.91 10,714.10
8.622.68
6,282.00
45,000.00 1,000.00
12,188.77 8.290.10
11,051.00 35,965.33
2,884.80
3,924.75
743.02
2,750.00
Total Recelpts
166,078.16 14,761.47
180,839.63 159,492.98
Pa
ments
Wages
Diocesan costs
Administrative costs
Church running costs
Music Hall running costs
Charitable donations
Other
32,664.10
12,687.24
10,719.96
35,786.24
5,104.89
4,350.00
5,659.92
2,750.00
35,414.10 30,159.67
12,687.24 12,315.20
10,719.96 9,874.43
35,786.24 48,596.64
5,104.89
3,963.85
15,493.45 17,262.64
5,725.52
6.929.28
11,143.45
65.60
Total Payments
106,972.45 13,958.95
120,931.40 129,101.71
Excessldeficit of Receipts
over Payments for the year
before transfers
59,105.71
802.52
59,908.23
Transfers
Excessldeficit of Receipts over
Payments for the year
59,105.71
802.52
59,908.23
Signed on behalf of the Trustees
Date

statement of Assets and Liabilities as at 31 December 2024
Unrestricted Restricted Endowment
Funds
Funds
Funds
2024
2024
2024
£s
£s
Total
2024
Total
2023
£s
Cash Funds
Current Accounts
Total Cash Funds
120,405.12 12,892.44
120,405.12 12,892.44
133,297.56 134,320.03
133,297.56 134,320.03
Investment Assets
M&G Unit Trusts
NICIFC Unit Trusts
RCB Unit Trusts
UK Treasury Stock
Total Investment Assets
(at cost)
23.000.00
19,100.00 56,464.27
350.00
66,000.00 50,835.04
25,970.46 34,960.24
98,564.27 98,564.27
350.00
350.00
131,835.04 131,835.04
60,930.70
15,000.00
38,000.00
111,070.46 142,609.55 291,680.01 230,749.31
Assets retained for
the Board's own use
Fixtures and fittings
(Music Hall)
Total assets retained for
the Board's own use
84,000.00
84,000.00 62,000.00
84,000.00
84,000.00 62,000.00
Signed on behalf of the Trustees
Date
O>ToQÉK ￿15

Notes to the financial statements for the year ended 31 December 2024
1. Accounting policies
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 basi5.
{b) Statement of Assets and Liabilities
(i) Assets retained for the Cathedral's own use
The assets of the Cathedral, retained for its own use comprise:_
Cathedral Building and Churchyard
Fixtures and fittings (Music Hall)
The Cathedral Building and Churchyard are deemed to be Heritage assets as defined
by the Charities SORP (FRS102)- These Heritage assets are not included in the
statement of Assets and Liabilities as information on the cost or valuation is not
available and such information 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 rentfree for the sole use of the Cathedral. Fixtures and fittings are recognised
on a cost of renewal basis.
(il) Investments
Fixed asset investments comprising investments 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 2024 is
estimated at £467 k.
2. Reconciliation 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
£134,320.03
£180,839.63
-£120,931.40
-£60,930.70
£133,297.56

3. Movement of Funds
At 01 Jan
2024
£s
Incoming
Outgoing
At 31 Dec
Resources Resources Transfers 2024
£s
£s
Endowment Funds
Historical bequests
and legacies
107,649.31 44,814.81 -45.50
107,649.31 44,814.81 -45.50
-9,809.07 142,609.55
-9,809.07 142,609.55
Restricted Funds
Current Sub Account:
Collections for third parties
b. Cathedral Schools,
Education Prog.
Development Sub Account:
Donations towards transept
window repairs
Deanery Sub Account
Organ Fund
Flower Fund
0.00
11,143.45 -11,143.45
0.00
0.00
2,750. 00
-2,750.00
0.00
3,151.06
78,156.84 743.02
-64.62
35,300.00 10.000.00 -4,000.00
648.42
125.00
-96.82
117,256.32 24,761.47 -18,054.89
3,151.06
78,835.24
41,300.00
676.60
123,962.90
Unrestricted Funds
Current Main Account
Development Main Account
58,799.73
101,789.95 -101,059.85 9,809.07
81,363.98
9,473.40
-1,771.16
140,163.71 111,263.35 -102,831.01 9,809.07
69,338.90
89,066.22
158,405.12
Total Funds
365,069.34 180,839.63 -120,931.40 0.00
424,977.57
Pur
oses of Endowment Fund
To provide income for use at 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

4. Donations and plate collections
2024
2023
£s
62,993.46
23,023.27
7,299.97
93,316.70
Weekly and annual freewill offerings (including Gift Aid)
Ordinary and special collections (including Gift Aid)
Other gifts and donations (including Gift Aid)
61,713.52
21,786.02
4,324.93
87,824.47
5. Grants
2024
£s
2023
Benefact Trust Ltd. (for use at the discretion
of the Cathedral 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
8,301.00
9,652.00
2,750.00
2,750.00
1, 152.13
600. 00
21,817.20
35.965.33
11,051.00
6. Administrative costs
2024
£s
5,703.00
4,244.68
772.28
10,719.96
2023
£s
5,413.00
3,766.13
695.30
9,874.43
Administrative assistance
Stationary, printing, postage and etc.
Bank and audit fees
7. Church running costs
2024
2023
£s
16,297.11
15,096.81
10,391.09
6,811.63
48,596.64
Heat, light, water and sewage services
Fabric and equipment maintenance
Ground maintenance
Insurances
15,219.24
10,140.28
3,240.00
7,186.72
35,786.24
8. Music Hall running costs
2024
2023
£s
2,520.93
1,410.75
32.17
3,963.85
Heat, light, water and sewage services
Fabric and equipment maintenance
Insurances
1,228.98
3,832.10
43.81
5,104.89

9. Charitable Donations
2024
£s
5,340.45
10,153.00
15,493.45
2023
£s
5,938.54
11,324.10
17,262.64
Diocesan Funds and Bodies
Missions and external Funds and Bodies
The above amounts have been included in Receipts for the Year under"Donalions"
and in Payments under'charitable Donations"
10. Transactions with the Trustees
The Board reimbursed £265.35 to one trustee 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.
11. Governance Costs.
Governance costs of £360.00 were incurred during the year all of which relates to fees paid to the
independent examiner. Governance costs are included within "Administration Costs. in the Receipts
and Payments