COMPANY REGISTrATION NUMBER: N1000492
CHARITY REGISTRATION NUMBER: NIC104669
Board of The Cathedral
of St. Anne Belfast
Company Limited by Guarantee
Group Financial Statements
31 December 2023

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Group Financial Statements
Year ended 31 December 2023
Page
Directors, annual report (incorporating the directorfs report)
Independent auditorfs report to the members
Consolidated statement of financial activities (including income
and expenditure account)
Consolidated statement of financial position
12
13
Company statement of financial position
Consolidated statement of cash flows
14
15
Notes to the group financial statements
16

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Consolidated Ststement of Financial Activities
(including income and expenditure account)
Year ended 31 December 2023
2023
Restricted
funds Total funds Totsl funds
2022
Unrestricted
funds
Nots
Income and endowments
Donations and legacies
Other trading activities
Investment income
Other income
133,693
393,544
101,003
2,180
214,552
348,245
393,544
101,003
2,180
393,132
357,133
96,834
Total Income
630,420
214,552
844,972
847,099
Expendlture
Expenditure on raising funds:
Costs of raising donations and
legacies
Other trading activities
Investment management costs
Expenditure on charitsble activities
Totsl expenditure
212
84,770
17,950
736,020
838,952
10
11
12,13
81,529
7,081
567,830
656,440
81,529
17,370
758,153
10,289
190,323
200,612
857,052
Operating surplusl(deficit)
(26.020)
13.940
(12,080)
8,147
Net gainsl(losses) on investments
15
29.243
42,491
71,734
(387,122)
Not incomel{expendlture) and net
movement In funds
3,223
56,431
59,654
(378,975)
Reconciliation of funds
Total funds brought forward
Total funds carriod forward
2,082,805
2,086,028
2,234,576
4,317,381
4,377,035
4,696,356
2,291,007
4,317,381
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The note5 on
09 16to 33fomi
rt of these financlal statements.
12

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Consolidated Statement of Financial Position
Year ended 31 December 2023
2023
2022
Note
Flxed assets
Tangible fixed assets
Investments
20
21
1.459,684
2,840,775
4,300,459
1,467,424
2,786,284
4,253,708
Current assets
Stocks
Debtors
Cash at bank and in hand
22
23
11,000
79,991
372,646
463,637
5,633
107,844
262,836
376,313
Credltors: amounts falllng due wlthin one year
Net current assets
252,061
162,640
213,673
211.576
4,512,035
Total assets less current liablllti08
4,467.381
Creditors: amounts falllng due after moro than one year
Net a880ts
25
135,000
4.377,035
150,000
4,317,381
Funds of the charlty
Restricted funds
un￿strICted funds
2,291,007
2,086,028
27 4,377,035
2,234,576
2,082,805
4,317,381
Total charlty funds
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 14 March
2024, and are signed on behalf of the board by:
V71fy
Very Rev SB Forde
Director
Dr V McKinley
Director
The notes on
es 16 to 33fomi
rt of these financlal statements.
13

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Company Statement of Financial Position
Year ended 31 December 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
Investments
1,415,824
2.840,875
4,256.699
1,415,824
2,786,384
4,202,208
21
Current assets
Debtors
Cash at bank and in hand
23
201,819
288.902
174,305
245.541
419,846
490,721
Credltors: amount8 falllng due wlthin one year
Net current assets
235,839
155,127
264,719
254,882
4,511,581
Total a8s•ts le88 current Ilabilitles
4,466,927
Creditors: amounts falling due after more than one year
Net a880ts
25
135,000
4,376,581
150,000
4,316,927
Funds of the charity
Restricted funds
Unrestricted funds
2,291.007
2,085,574
27 4,376,581
2,234,576
2,082,351
4,316,927
Total charfty funds
The net income for the financial year of the parent company was £59,654 (2022: net expenditure
£378,975).
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 14 March
2024, and are signed on behalf of the board by..
Very Rev SB Forde
Director
Dr V McKinley
Director
Tho notes on
es 16 to 33 form
art of these financial statements.
14

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantse
Consolidatsd Statement of Cash Flows
Yaar ended 31 December 2023
2023
2022
Cash flows from operating activities
Net incomel(expenditure)
59,654
(378,975)
Adjustments for..
Depreciation of tangible fixed assets
Net gainsl(losses> on investments
Dividends, interest and rents from investments
Interest payable and similar charges
Accrued expensesl(income)
7,740
{71,734)
(101,003)
2,385
14,257
11,183
387,122
(96,834)
881
(39,943)
Ghanges in..
Stocks
Trade and other debtors
Trade and other creditors
(5,367)
2,959
27,853
(52,475)
60,164
(24,052)
(6,051) (190,134)
Cash generated from operations
Interest paid
Net cash used in operating activities
(2,385)
(881)
{8,436) {191,015>
Cash flows from Investlng actlvltles
Dividends, interest and rents from investments
Purchases of other investments
Proceeds from sale of other investments
101,003
96,834
(386,506) (255,914)
403,749
190,207
118,246
31,127
Net cash from investing activities
Net increaselldecrease) In Cash and cash equlvalents
Cash and cash oqulvalonts at boglnnlng of year
Cash and cash equlvalents at •nd of year
109,810
262,836
372,646
(159,888)
422,724
262,836
The notes on pa
es 16to 33fom)
art of these flnancial statsments.
15

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notes to the Group Financial Statements
Year anded 31 December 2023
General Inforniation
The company is a public benefit entity and a private company limited by guarantee, registered in
and a registered charity in Northern Ireland. The address of the registered office is Cathedral of St
Anne Belfast, Donegall Street, Belfast, BT12HB.
Statement of compliance
These financial statements have been prepared in compllance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland., the Statement of Recommended
Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and
the Companies Act 2006.
Accountlng policies
Basis of preparatlon
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities measured at fair value through income or
expenditure.
The financial ststements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key source8 of estlmation uncertalnty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstsnces.
Disclosure exemptions
The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As
such, advantage has been taken of the following reduced disclosures available under FRS 102:
(a) No cash flow statement has been presented for the company
(b) Disclosures in respect of financial instruments have not been presented.
Consolidatlon
The financial statements consolidate the financial statements of the Board of the Cathedral of St.
Anne Belfast and all of its subsidiary undertakings. The results of subsidiaries acquired or disposed
of during the year are included from or to the date that control passe5.
The parent company has applied the exemption contained in section 408 of the Companies Act
2006 and has not presented its individual Statement of Financial Activity.
16

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notes to the Group Financial Statements (continued)
Year ended 31 Decembar 2023
Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the directors to further any of the
charty's purposes.
Designated funds are unrestricted funds eamarked by the directors for particular future projects
or commitments.
Restricted funds are subject to restrictions on their expenditure declared by the donor or through
the tenns of an appeal and fall into one of trwo sub-classes: restricted income funds or endowment
funds.
Incomlng re80urces
All incoming resources are included in the ststement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The foll0v￿ng specffic policies are
applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and Se￿iceS are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
Income from contracts for the supply of serrfices is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a ￿ntractUal
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
income from other trading activities is measured at the fair value of the consideration received
or receivable for goods supplied and services rendered, net of discounts and Value Added
Tax.
revenue from the sale of goods is recognised when the significant risks and rewards of
ownership have transferred to the buyer (usually on despatch of the goods)" the amount of
revenue can be measured reliably,. it is probable that the associated economic benefits will
flow to the entity; and the costs incurred or to be incurred in respect of the transactions can
be measured reliably.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incu￿ed. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to which it relates..
17

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notes to the Group Financial Statements (continued)
Year ended 31 December 2023
Accounting policies (continued)
Resources expended (contlnued)
expenditure on raising funds includes the costs of all fundraising activities, events. non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds forthe charity
nor part of its expenditure on charitable activits'es.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses.
Depreclatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows..
Motor vehicles
Office equipment
25 % straight line
25 % straight line
Depreciation has not been provided in respect of the Cathedral building (freehold propety) and
the dwelling of the Dean (long leasehold property) because their estimated remaining useful
economic life exceeds 50 years.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value.
If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired acwrdingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit
to which the asset belongs. The Cash￿enerating unit is the smallest identifiable
18

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notes to the Group Financial Statements (contlnued)
Year ended 31 December 2023
Accountlng policies (continued)
Impairnient of fixed assets (contlnuedj
group of assets that includes the asset and generates cash inflows that are largely independent of
the cash inflows from other assets or groups of assets.
stocks
stocks are measured at the lower of cost and estimated selling price less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a paty to
the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Vllhere investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
other financial instruments are subsequently measured atfairvalue, with any changes recognised
in the ststement of financial activities, with the exception of hedging instruments in a designated
hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial activities
in which the initial gain was recognised.
For all equity instruments regardless of significance, and otherfinancial assets that are individually
significant, these are assessed individually for impairment. Other financial assets are either
assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
19

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notss to the Group Financial Ststements fconllnu8dJ
Year ended 31 December 2023
Accounting pollcles (contlnued)
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related sen11￿ is provided. Prepaid contributions are recognised as an asset to the extent that
the prepayment will lead to a reduction in future payments or a cash refund.
Vthen contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related servi￿, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in the
period in whlch it arises.
Llmited by guarantee
The company is registered as a charity with the Charity Commission for Northem Ireland.
The company is limited by guarantee, not share capital. In the event of the company being wound
up, every member of the company is liable to contribute a sum not exceeding £1.
Donations and legacles
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Cathedral collects'ons
Sit-out donations
Stewardship giving
Donations and bequests
Choir fund income
Commercial and fundraising income
Insurance claim
Ukraine Appeal
8,325
8,325
174,372
53,982
108,803
174,372
53,982
68,623
40,180
2,763
2,763
133,693
214,552
348,245
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donatlons
Cathedral collections
Sit-out donats'ons
Stewardship giving
Donations and bequests
Choir fund income
Commercial and fundraising income
Insurance claim
Ukraine Appeal
30,010
30,010
143,400
49,212
111,072
120
1,217
1,101
57,000
393,132
143.400
49,212
92,147
18,925
120
1,217
1,101
57,000
173,687
219,445
20

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notes to the Group Financial Statements (continued)
Year ended 31 December 2023
Donations and legacies (continued)
Restricted and unrestricted grants and donations received during the 2023 year include the
following..
£21,000
£10,000
Billy Adair Music Fund
Joseph Orr Bequest
Restricted and unrestricted grants and donations received durlng the 2022 year include the
following-
£18,925
£14,960
£11,031
£7,500
HLF
National Churches Trust
All Churches Trust
Marshal Beresford Fund
Other tradlng actlviti88
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Car park rental
Office rental
Shop sales
Admission sales
Insurance claim
Event income
Other income
208,963
12,000
15,907
44,956
208,963
12,000
15,907
44,956
110,884
834
110,884
834
393,544
393,544
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Car park rental
Office rentsl
Shop sales
Admission sales
Insuran￿ claim
Event income
other income
184,855
12,000
14,427
31,471
38,818
74,482
1,080
357,133
184,855
12,000
14,427
31,471
38,818
74,482
1,080
357,133
Investment Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Income from listed investments
101,003
101,003
96,834
96,834
21

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notes to the Group Financial Statements (C(￿￿nued)
Year ended 31 December 2023
other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Other income
2,180
2,180
Costs of raislng donatlons and legacles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Costs of raising funds
212
212
10. Other tradlng actlvltles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Direct cost of sales
Salaries and pension
Establishment costs
Management costs
Other administration costs
Support costs
9,864
21,193
26,688
9,104
12,930
1,750
9,864
21,193
26,688
9,104
12,930
1,750
8,617
17,713
30,427
10,137
16,126
1,750
8,617
17,713
30,427
10,137
16,126
1,750
81,529
81,529
84,770
84,770
11. Investment management costs
Unrestricted
Funds
Restricted Total Fund$
Funds
2023
Investment management fees
7,081
10,289
17,370
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Investment management fees
7,318
10,632
17,950
22

Board of The Cathedral of St. Anne Belfast
Company Limitsd by Guarantee
Notes to the Group Financial Ststements (conllnued)
Year ended 31 December 2023
12. Expenditure on charltable activitles by fund typ•
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Salaries and pension
Establishment costs
Other administration costs
Cathedral Sit-out
Support costs
293,804
168,863
96,463
293,804
170,465
110,812
174,372
8.700
1,602
14,349
174,372
8,700
567,830
190,323
758,153
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Salaries and pension
Establishment costs
other administration costs
Cathedral Sit-out
Support costs
274,586
143,764
65.444
28,184
12.842
2.400
200,400
302,770
156,606
67,844
200,400
8,400
8,400
492,194
243,826
736,020
13. Expenditure on eharltable activities by actlvlty type
Activities
undertaken
directly Support costs
Totsl Funds Total Funds
2023
2022
Salaries and pension
Establishment costs
other administration costs
Cathedral Sit-out
Governance costs
293,804
170,465
110,812
174,372
293,804
170,465
110,812
174,372
8,700
758,153
302,770
156,606
67,844
200,400
8,400
736.020
8,700
8,700
749,453
14. Analysis of support Costs
Governance
costs Total 2023 Total 2022
Other trading activities
Expenditure on charitable activities
1,750
8,700
1,750
8,700
1.750
8,400
10,450
10,450
10.150
23

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notes to tha Group Financial Statements (conrfnued)
Year ended 31 December 2023
15. Net galnsl(1088es) on Investments
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Gainsl(losses) on listed investments
Gainsl(losses) on listed investments - unrealised
26,229
3.014
38.113
4,378
42,491
64,342
7,392
71,734
29,243
Unrastn'cted
Funds
Restricted Total Funds
Funds
2022
Gainsl(losses) on listed investments
Gainsl(losses) on listed investments - unrealised
16,049
23,319
39,368
(173,800) (252,690) (426,490)
(157.751) (229,371) (387,122)
16. Net incomel{expendlture
Net incomel(expenditure) is stated after chargingl(crediting)-
2023
2022
Depreciation of tangible fixed assets
7.740
11,183
17. Audftors remuneration
2023
2022
Fees payable for the audit of the financial ststements
10,450
10,150
Fees payable for other non-audit sep4ices
4,320
4,320
18. Particulars of employe68
The total staff costs and employee benefits for the reporting period are analysed as follows:
2023
2022
Wages and salaries
Social security costs
Employer contributions to pension plans
283,359
13,538
18,100
314,997
285,646
16,069
18,768
320,483
Redundancy payments in the reporting period were £5,000 (2022 - £Nil).
24

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notes to the Group Financial Statements (continued)
Year ended 31 December 2023
18. Particulars of employees (continued)
The average head count of employees during the year was 7 (2022.. 6). The average number of
full-time equivalent employees during the year is analysed as follows:
2023
2022
No.
No.
Clergy
Music staff, Organists & Choir tutors
Sextons
Administration staff
Welcome desk
No employee received employee benefits of more than £60,000 during the year (2022.. Nil).
19. Trustee remunoratlon and expen808
During the year the following trustees received remuneration and pension contributions as
employees:
The Very Reverend S.B. Forde received remuneration of £55,971 (2022: £51.931) and pension
contributions of £15,225 (2022.. £12,306).
No trustees received remuneration or pension contributions as trustees.
No trustee expenses have been incurred.
20. Tanglblo fixed assets
Group
Long
Freehold leasehold
propety
propety
Motor
vehicles Equipment
Totsl
Cost
At 1 January 2023 and
31 December 2023
1,400,901
14,923
34,100
173,203 1,623,127
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
34,100
121,603
7,740
129,343
155,703
7,740
163,443
34,100
Carrying amount
At 31 December 2023
1,400,901
14,923
14,923
43,860 1,459,684
51,600 1,467,424
At 31 December 2022
1,400,901
25

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notes to the Group Financial Statements {continuedJ
Year ended 31 December 2023
20. Tangible flxed assets (conlinued)
Company
Long
Freehold leasehold
property
property
Motor
vehicles Equipment
Total
C08t
At l January 2023 and
31 December 2023
1,400,901
14,923
34,100
8,304 1,458,228
Depreciation
At 1 January 2023 and
31 December 2023
34,100
8,304
42,404
Carrylng amount
At 31 December 2023
1,400,901
1,400,901
14,923
1,415,824
1,415,824
At 31 December 2022
14,923
21. Investments
Group
Llsted
Inv•stments
Cost or valuation
At 1 January 2023
Additions
Disposals
Fair value movements
2,786,284
386,506
(339,407)
7,392
2,840,775
At 31 December 2023
Impairnient
At 1 January 2023 and 31 December 2023
Carrylng amount
At 31 December 2023
2,840,775
2,786,284
At 31 December 2022
26

Board of The Cathedral of St. Anne Belfast
Company Limitsd by Guarantee
Notes to the Group Financial Statements (conllnued)
Year ended 31 December 2023
21. Investments (contlnued)
Company
Shares in
Listed
group
investments undertakings
Total
C08t or valuation
At 1 January 2023
Additions
Disposals
Fair value movements
2,786,284
386,506
(339,407)
7,392
100
2,786,384
386,506
(339,407)
7,392
2,840,875
At 31 December 2023
2,840,775
100
Impalrment
At 1 January 2023 and 31 December 2023
Carrying amount
At 31 December 2023
2,840,775
2,786,284
100
2,840,875
2,786,384
At 31 December 2022
100
The aggregate market value of listed investrnents is £2,840,775 (2022.. £2,786,284).
Listed investments are recorded at market value. Sha￿s in subsidiary are recorded at cost less
impairment.
22. Stocks
Group
2023
2022
Finished goods and goods for resale
11.000
5,633
Company
The company has no stocks.
23. Debtors
Group
2023
2022
Trade debtors
Other debtors
61,290
18,701
32,280
75,564
107,844
79,991
27

Board of The Cathedral of St. Anne Belfast
Company Limitsd by Guarantee
Notes to the Group Financial Statements (Cl￿(1nUed}
Year ended 31 December 2023
23. Debtors (ct>ntlnued)
Company
2023
2022
Amounts owed by group undertakings
Other debtors
187,624
14,195
142,869
31,436
201.819
174,305
24. Credltors: amounts falling due wlthln one year
Group
2023
2022
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Social security and other taxes
other creditors
15,000
188
61,642
20,678
154,553
252,061
1,735
47,385
3,281
110,239
162,640
Company
2023
2022
Bank loans and overdrafts
Accruals and deferred income
Social security and other taxes
other creditors
15,000
61,642
8,695
150,502
235,839
47,385
2,712
105,030
155,127
25. Credltors: amounts falling due after more than one year
Group
2023
2022
Bank loans and overdrafts
135,000
150,000
Loans include instalments due after more than five years of £52,500 (2022: £75,000).
Company
2023
2022
Bank loans and overdrafts
135,000
150,000
Loans include instalments due after more than fwe years of £52.500 (2022.. £75,000).
28

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notes to the Group Financial Statements (contlnue(lJ
Year ended 31 December 2023
26. Penslons and other post-retirement benefits
Defined contrlbution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £18,100 (2022.. £18,768).
27. Analysls of charltable funds
Unrostrlcted funds - group
At
1 Jan 2023
Gains and
At
losses Transfers 31 Dec 2023
Income Expenditure
Parochial
account
Building and
Development
Fund
Belfast
Cathedral
Enterprises
Limited
(298,133) 163,481
(502,829)
13,452 312,015 (312,014)
2,380,484
73,395
(72,082)
15,791
2,397,588
454 393,544
(81,529)
2,082,805 630,420 (656,440)
(312,015)
454
29,243
2,086,028
At
1 Jan 2022
Gains and
At
losses Transfers 31 Dec 2022
Income Expenditure
Parochial
account
Building and
Development
Fund
Belfast
Cathedral
Enterprises
Limited
(248,687) 194,747
(443,991) (72,565) 272,363
(298,133)
2,445,629
75,774
(55,733) (85,186)
2,380,484
454 357,133
2,197,396 627,654
(84,770)
(584,494) (157,751)
(272,363)
454
2,082,805
The Building and Development Fund includes £280,000 from the sale of the vicarage in 2018.
29

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantse
Notes to the Group Financial Statements (contlnued)
Year ended 31 December 2023
27. Analysls of charitable funds (conlinued)
Unrestricted funds - company
Gains and
At
losses 31 Dec 2023
At 1 Jan 2023
Income Expenditure
Parochial account
Building and
Development Fund
(298,133)
475.496
(502,829)
13,452
(312,014)
2,380,484
2,082,351
73,395
548,891
(72,082)
(574,911)
15,791
2,397,588
2,085,574
29,243
Gains and
At
losses 31 Dec 2022
At 1 Jan 2022
Income Expenditure
Parochial account
Building and
Development Fund
(248,687)
467,110
(443,991)
(72,565) (298,133)
2,445,629
2,196,942
75,774
542,884
(55,733)
(499.724)
(85,186) 2,380,484
(157,751) 2,082,351
The Building and Development Fund includes £280,000 from the sale of the vicarage in 2018.
Restricted funds - group
Gains and
At
losses 31 Dec 2023
At 1 Jan 2023
Income ExpendFture
Specific Parochial
Purposes Fund
Choir Fund
Sit-out Fund
Billy Adair Music Fund
Chair Fund
Joseph Orr Bequest
Fabric and Development
Fund
2,234,576
(17,612)
42,491
2,259,455
174,372
21,000
4,270
12,300
(174,372)
(1,040)
19,960
4,270
5,582
(6,718)
2,610
214,552
(870)
(200,612)
1,740
2,291,007
2,234,576
42,491
Gains and
At
losses 31 Dec 2022
At 1 Jan 2022
Income Expenditure
Specific Parochial
Purposes Fund
Choir Fund
Sit-out Fund
Billy Adair Music Fund
Chair Fund
Joseph Orr Bequest
Fabric and Development
Fund
2.470,896
28,064
18,925
120
200,400
(25,874) (229,371) 2,234,576
(28,184)
(200,400)
2,498,960
219,445
(254,458)
(229,371) 2,234,576
30

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notss to the Group Financial Ststements (continued)
Year ended 31 December 2023
27. Analysis of charltable funds (continued)
Restricted funds - company
Gains and
At
losses 31 Dec 2023
At 1 Jan 2023
Income Expenditure
Specific Parochial
Purposes Fund
Choir Fund
Sit-out Fund
Billy Adair Music Fund
Chair Fund
Joseph Orr Bequest
Fabric and Development
Fund
2,234,576
(17,612)
42,491
2,259,455
174,372
21,000
4,270
12,300
(174,372)
(1,040)
19,960
4,270
5,582
(6,718)
2,610
(870)
(200,612)
1,740
2,291.007
2,234,576
214,552
42,491
Gains and
At
losses 31 Dec 2022
At 1 Jan 2022
Income Expenditure
Specific Parochial
Purposes Fund
Choir Fund
Sit-out Fund
Billy Adair Music Fund
Chair Fund
Joseph Orr Bequest
Fabric and Development
Fund
2,470,896
28,064
18,925
120
200,400
(25,874) (229,371) 2,234,576
(28,184)
(200,400)
2,498,960
219,445
(254,458) (229,371 > 2,234,576
28. Analysis of net assets between funds
Group
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Investments
other net assets
1,459,684
1,158,083
(531,739)
2,086,028
1,459,684
2,840,775
76,576
1,682,692
608.315
Net assets
2,291,007
4,377,035
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Investments
other net assets
1,467,424
1,135,869
(520,488)
2,082,805
1,467,424
2,786,284
63,673
1,650,415
584,161
Net assets
2,234,576
4,317,381
31

Board of The Cathedral of St. Anne Belfast
Company Limitsd by Guarantee
Notes to the Group Financial Ststements (continued)
Year ended 31 Decemb8r 2023
28. Anatysis of net assets betwo•n funds (continued}
Company
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Other net assets
1,415,824
1,158,183
(488,433)
2,085,574
1.415,824
2,840,875
119,882
1,682,692
608,315
Not assets
2,291,007
4,376,581
Unrestricted
Funds
Restricted Totsl Funds
Funds
2022
Tangible fixed assets
Investments
Other net assets
1,415,824
1,135,869
(469,342)
2,082,351
1,415,824
2,786,284
114,819
4,316,927
1,650,415
584,161
Net assets
2,234,576
29. Analysis of changes in net dobt
At
At 1 Jan 2023 Cash flows 31 Dec 2023
Cash at bank and in hand
Debt due within one year
Debt due after one year
262,836
109,810
{15,000)
15,000
109,810
372,646
(15,000)
(135,000)
222,646
(150,000)
112,836
32

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Notes to the Group Financial Ststements (contlnue
Year ended 31 December 2023
30. Related parties
Group
With key management personnel
Key management personnel are the persons in the senior management team to whom the trustees
delegate day-to-day management of the charity. Paid compensation ft)r services provided totalled
£76,627 {2022- £69,393)
Company
Wlth Belfast Cathedral Enterprl8e8 Limitsd
Relationship - Belfast Cathedral Enterprises Limited is a wholly owned subsidiary.
Nature of transactions during the year..
2023
2022
Donations from the related party
Amount owed by the related paty at 31 December
312,015
187,624
272,363
142,869
Outstanding balances are unsecured and interest-free.
With key managoment personnel
Key management personnel are the persons in the senior management team to whom the trustees
delegate day-to-day management of the charity. Paid compensation for services provided totalled
£76,627 (2022 - £69,393>
31. Subsldlary undertaklngs
The financial statements include the results of the following subsidiary undertaking for the year
ended 31 December 2023.
Belfast Cathedral Entorprl888 Llmlted
Company registration number..
Nature of control:
N1044805
The company is a wholly owned subsidiary of Board of the
Cathedral of St. Anne Belfast
Gross incorne:
Total expenditure:
Net income for year:
£393,544
£393,544
£Nil
Gross assets:
Total liabilities:
Net assets..
£204,400
£203,846
£554
33