Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Directorfs Report)
Year ended 31 December 2023
The directors, who are also the directors for the purposes of company law, present their report and the
financial statements of the company for the year ended 31 December 2023.
Reference and adminlstrative d•tsils
Registered charlty name
Board of The Cathedral of St. Anne Belfast
Charfty reglstratlon number
NIC104669
Company reglstratlon number N1000492
Prlnclpal offlce and reglst•red Cathedral of St Anne Belfast
office
Donegall Street
8elfast
BT12HB
The dlroctors
Rt Rev GTW Davison
Rt Rev DA Mcclay
Rev JM Elsdon
Mrs GE McGaughey
Dr V McKinley
Mr R Totten MBE
Mr J Vvatson
Dr ME Callender
Dr RS Cromey
Canon RH Kay MBE
Mr PS Good
Rev Canon MF Taylor
Mr NEH Pierpoint
The Very Rev SB Forde
Mr T Pateman
The Venerable K Higgins
The Venerable BG Forde
Rev J Cheshire
Mrs C Forster
Mr J Mccalister
Ms A Preece
(Resigned 11 January 2024>
(Resigned 23 April 2023)
(Resigned 23 April 2023)
(Resigned 30 September 2023)
(Appointed 28 January 2024)
(Appointed 23 April 2023)
(ApFK)inted 23 April 2023)
(Appointed 23 April 2023)
Company secretary
Mrs GE McGaughey
Auditor
Muir & Addy
Chartered Accountants & ststutory auditor
Muir Building
427 Holywood Road
Belfast
BT4 2LT

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) {contlnu6d)
Year ended 31 December 2023
Structure, governance and management
The Board of the Cathedral of St. Anne, Belfast is a company limited by guarantee (Company
registration number N1000492) and a registered charity (Charty number NIC104669, Tax reference
number XN 46142). The principal activity of the company during the year was the administration of the
Cathedral of St. Anne, Belfast. The activities of the charity are govemed by its memorandum and articles
of association, the Constitution of the Church of Ireland and Diocese regulations. Its registered office
and main business address is Donegall Street, Belfast, BT12HB.
The group includes the charty and one wholly owned subsidiary, Belfast Cathedral Enterprises Limited.
Details of this holding can be found in a note to the accounts.
The Board of the Cathedral of St. Anne, Belfast is governed by the Board of Directors. Directors are
elected in accordance with the Constitution of the Church of Ireland, and receive external training as
part of their induction to ensure they have appropriate competencies to fulfil their role.
Objectlves and actlvltles
The charity's key objectives are..
- the advancement of the Christian faith.,
to own and manage the real and personal propety known as the Cathedral of St. Anne, Betfast, to
accept gifts, to grant leases and to construct, alter, maintain and repair the Cathedral propety,.
to maintain a Christian Cathedral.,
the promotion of Christian worship, support for community charities, musical and religious education
and the pastoral support of parishioners. and
the preseNation and maintenance of the Cathedral buildings.
In order to fulfil these objectives the Board of the Cathedral of St. Anne. Belfast employs the following
strategies..
the maintenance of the Clergy.,
the organisation of daily worship and services to enable communty oryanisations to celebrate their
identities and contribute to society locally and nationally.
- the provision of infomatlon via local and national media, websites, monthly e-mails and magazines.,
- the hosting of services of healing,.
- the provision of choral education.

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 December 2023
Achievements and performance
During the year the Board of the Cathedral of St. Anne, Belfast hosted a number of services involving
local community groups in addition to daily prayer and healing services. These involved several
thousand people and contributed to the Cathedral's annual pre-christmas fund-raising activities for
charity.
The fund-raising activities of the Cathedral include:
professional management and Board monitoring of investments.
generating income in the subsidiary company whose principal activities are car park and office rental
management. The subsidiary also accounts for Cathedral admissions and shop sales.
encouragement of bequests and regular contributions from Individuals and parishes for the
maintenance of the Cathedral's activities.
- encouragement of Gift Aid for donations by individuals; and
- the annual pre-christmas Cathedral Sit-out for charities. which is now in its foty-seventh year.

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Directorfs Report) (contlnued)
Year ended 31 December 2023
Financial review
The consolidated results for the charity are set out on page 12. The deficit for the year ended 31
December 2023, before recognition of gains or losses on investments, was £12,080 compared with a
surplus of £8,147 in the previous year. After recognition of gains or losses on investments for the current
year the￿ was an increase in funds totalling £59,654 compared with a decrease in the previous year of
£378,975. The principal sources of funding of the Board of the Cathedral of St. Anne, Belfast are
donations and bequests, investment income and income from the trading ackn'vities of its subsidiary
company.
Tangible fixed assets are set out in a note to the financial ststements. Depreciation is not charged on
buildings on the grounds that the charge would be immaterial, due to residual value of the buildings
being significantly in eX￿sS of their carrying amount. The rationale for this is to provide a fair
presentation of the results and financial position of the company. The directors are of the opinion that
the value of the fi'xed assets is not less than their net book value.
Fixed asset investments are set out within a note to the financial ststements. The listed investments are
managed by Investec, who take into account social, environmentsl and ethical issues when determining
their investment policies for the company. During the year, there were gains on investments totalling
£71,734 compared with losses in the previous year of £387,122. Income from the listed investments
together with investment income received from the RepresentatNe Church Body and bank deposits for
the year was £101,003 compared with £96,834 in the previous year.
During the year ended 31 December 2023 the principal activities of the charity's subsidiary, Belfast
Cathedral Enterprises Limited, were that of rental of car park and office space, hosting events,
management of admissions to the Cathedral and operation of the Cathedral shop. Income from these
trading activities was £393,544 (2022 - £357,133).
The reserves of the Board of St. Anne, Belfast are split as foll0v￿.
unrestricted funds - general funds that are expendable at the discretion of the directors.
unrestricted funds - designated funds that have been earmarked for a particular project. The Board
have designated funds for building and development costs in respect of the property held by the charity.
restricted funds - funds required to be spent on specific projects as stipulated by the donor.
Total charity funds at 31 December 2023 are £4,377,035 (2022 - £4,317,381).
Reserves pollcy
The Board of the Cathedral of St Anne, Belfast aim to hold unrestricted free reserves equivalent to
bNelve months of expenditure.
Plans for future periods
In the coming year the Board of the Cathedral of St. Anne, Betfast will continue its Christian activities
and the maintenance of the Cathedral property. The group will continue its trading activities and fund-
raising to meet costs and make charitable donations.

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantee
Directors, Annual Report (Incorporating the Director's Report) {conllnued)
Year ended 31 December 2023
Directors. responsibilities statement
The directors, who are also directors for the purposes of company law, are responsible for preparing
the directors, report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally AC￿pted Accounting Practice).
Company law requires the company directors to prepare financial statements for each year which give
a true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP.
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and
explain the company's transactions and disclose with reasonable accuracy at any time the financial
position of the company and enable them to ensure that the financial statements cornply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence
for taking ￿aSonable steps for the prevention and detection of fraud and other irregularities.
Audltor
Each of the persons who is a director at the date of approval of this report confirms that..
so far as they are aware, there is no relevant audit infonnation of which the company's auditor is
unaware,. and
they have taken all steps that they ought to have takén as a director to make themselves aware of
any relevant audit information and to establish that the company's auditor is aware of that
information.
Small company provlslons
This report has been prepared in accordance with the provisions applicable to companies entitled to the
small companies exemption.

Board of The Cathedral of St. Anne Belfast
Company Limited by Guarantse
Directors, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
The directors, annual report was approved on 14 March 2024 and signed on behalf of the board of
trustees by..
Mrs GE McGaughey
Secretary