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The Cathedral Church of All Saints Wakefield 2019 Financial DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972 The Cathedral Church of All Saints, Wakefield Financial statements For the year ended 31 December 2019 DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972 The Cathedral Church of All Saints, Wakefield Financial statements for the year ended 31 December 2019 Index to the financial statements Annual Report of the Chapter 1 – 11 Independent auditor's report 12 – 13 Statement of financial activities 14 Balance sheet 15 Cash flow statement 16 Notes to the financial statements 17 – 30 DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972 The Cathedral Church of All Saints, Wakefield 1 Financial statements for the year ended 31 December 2019 Annual Report of the Chapter Legal, administrative information and organisational structure Full legal name and address of the Cathedral office The Cathedral Church of All Saints, Wakefield, also known as Wakefield Cathedral. Principal office: Cathedral Centre, 8-10 Westmorland Street, Wakefield, WF1 1PJ. Constitution and statutes The Chapter is responsible under requirements laid down by the Church Commissioners under the powers given them by Section 27 of the Cathedrals Measure 1999, by the Constitution and Statutes dated October 2000, and FRS 102. The Constitution of the Cathedral The Cathedral bodies are the Chapter, the College of Canons and the Council. Responsibilities of the Chapter It is the duty of the Chapter to direct and oversee the administration of the affairs of the cathedral, including in particular, to order the worship and promote the mission of the cathedral. It is also responsible for the cathedral’s financial affairs and must prepare an annual report and audited accounts that must be submitted to the Council and the College of Canons. In regard to the annual report and audited accounts, the Chapter is responsible for: a) Preparing and publishing an annual report and audited financial statements which give a true and fair view of the financial activities for each financial year and of the assets, liabilities and funds at the end of each financial year of the cathedral and its related entities. The report and financial statements should comply in all material respects with the guidelines on the subject prepared by the Association of English Cathedrals; b) Stating that they have complied in all material respects with the guidelines or describing which recommendations have not been complied with and giving reasons for non-compliance; c) Selecting suitable accounting policies and then applying them consistently, in accordance with applicable accounting standards; d) Making judgements and estimates that are reasonable and prudent; e) Keeping proper accounting records from which the financial position of the cathedral can be ascertained at any time; f) Safeguarding the assets of the cathedral and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The membership of the Chapter The Chapter consists of 11 members: the Dean, the Residentiary Canons and six other members of which at least five must be lay members. The membership of the Chapter in 2019 was as follows: The Very Reverend Simon Cowling Dean The Reverend Canon Tony Macpherson Sub-Dean and Canon Pastor (until September 2019) The Reverend Canon Leah Vasey-Saunders Canon Precentor The Reverend Canon Dr John Lawson Canon Librarian (until October 2019) The Reverend Canon Derek Walmsley Residentiary Canon The Reverend Canon James Allison Rep of College of Canons Professor Michael Clarke Lay Canon Professor Claire Honess APCM Mr D Wilks APCM Ms S Wing APCM (until April 2019) Mrs A Dean APCM (from April 2019) Vacancy Bishop’s representative DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972 The Cathedral Church of All Saints, Wakefield 2 Financial statements for the year ended 31 December 2019 Annual Report of the Chapter Investment Powers Under the terms of the Cathedrals Measure 1999, the Chapter has certain powers to invest monies, which form part of the endowment capital of the cathedral. Monies, which form part of the endowment capital of the cathedral, may not be used for the improvement, repair or development of the cathedral or any other property under the control of the Chapter. Finance Committee It is the duty of the Chapter to establish a Finance Committee which has the function of advising the Chapter in connection with its responsibilities in the field of financial and investment management and the management of property belonging to the cathedral. The membership of Finance Committee during 2019 was: Andrew Revans, the Very Reverend Simon Cowling, the Reverend Canon Tony Macpherson (until September 2019), Alison Dean, Claire Lawton, Neil Hopwood and the Reverend Canon Leah Vasey-Saunders. Responsibilities and membership of the Council It is the duty of the Council to further and support the work of the cathedral, spiritual, pastoral, evangelistic, social and ecumenical, reviewing and advising upon the direction and oversight of that work by the Chapter. The Council consists of sixteen members representing the Chapter, the Bishop of Leeds, the Cathedral Community, and the Leeds Diocesan Board. Responsibilities and membership of the College of Canons The College of Canons receives the Annual Report and audited accounts and discusses matters raised by its members. The membership of the College of Canons consists of the Dean and Residentiary Canons, the Area Bishops, Honorary Canons, Lay Canons and Archdeacons. The Diocesan Bishop The Bishop of Leeds has the principal seat and dignity in the cathedral. He is the Visitor of the cathedral, and shall have all the powers that belong as of right to the office of the Visitor. The Community Committee The Cathedral Community Committee is an advisory body made up of lay members of the congregation. It discusses any matters or issues on the running of the Cathedral and brings lay concerns to Chapter’s notice. The Committee consists of churchwardens, deanery synod representatives and other lay persons elected at the APCM. Fabric Advisory Committee Under the Care of Cathedrals Measure 2011, the Fabric Advisory Committee is responsible to the Cathedrals Fabric Commission for England and considers applications from the Chapter in regard to proposed development of and changes to the cathedral’s fabric. The membership of the Fabric Advisory Committee in 2019: Professor Clyde Binfield (Chairman), Louise Hampson, Andrew Shepherd, Stephen Simpson, Celia Kilner, Geoffrey Ineson, Richard Carr-Archer and Alex Holton. Other Committees Other committees within the cathedral cover such areas as property and maintenance, welcome and hospitality and the co-ordination of events. Others may be established on an ad hoc basis for short-term projects. Seat of the Bishop The Cathedral endeavours to work closely with the Bishop of Leeds in furthering the Cathedral as one of three Mother Churches of the diocese, and continues to forge close links with the wider community. The Bishop's generous support of the Cathedral is greatly appreciated. DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972 The Cathedral Church of All Saints, Wakefield 3 Financial statements for the year ended 31 December 2019 Annual Report of the Chapter Cathedral officers and advisors Chief Operating Officer: Mr Neil Holland Director of Music: Mr Thomas Moore Bankers: Barclays Bank plc, Trinity Walk Shopping Centre, Teall Way, Wakefield WF1 1QS Auditor: Grant Thornton UK LLP, Statutory Auditor, 1 Holly Street, Sheffield, S1 2GT Architect: Mr John Bailey, Thomas Ford, 177 Kirkdale, Sydenham, London SE26 4QH Archaeologist: Mr Ian Roberts Fiscal Counsellor: Mr Andrew Revans The Dean’s review of the past year The report that follows was written before the far-reaching effects of the coronavirus pandemic became clear in late March 2020. For the most part the report, as is appropriate, is a reflection on 2019; but it would be negligent of me not to include, by means of this addendum, an acknowledgment of the many challenges that Wakefield Cathedral will face in the future as a result of Covd-19. The scale of these challenges will no doubt become apparent in the statutory accounts for 2020 and beyond, but as the going concern note indicates Chapter is confident of being able to face these challenges robustly – not least because of the quality of the cathedral staff under the leadership of our COO Neil Holland. I am glad to pay tribute to them all, and to thank them for the remarkable loyalty and flexibility they have consistently shown during the strangest spring and early summer any of us can remember. The Very Revd Simon Cowling Dean of Wakefield June 2020 He who has seen one cathedral ten times has seen something; he who has seen ten cathedrals once has seen but little; and he who has spent half an hour in each of a hundred cathedrals has seen nothing at all. Sinclair Lewis, 1885-1951 As I write, we are now some months in to the ‘Year of Cathedrals, Year of Pilgrimage’, an important initiative of the Association of English Cathedrals. As a cathedral dean, I am wholeheartedly in favour of encouraging as many people as possible to visit the nation’s ‘flagships of the spirit’ as they have been called. But my opening quotation from the American novelist Sinclair Lewis offers an important counterweight to the idea of religious tourism, emphasising as it does the particularity of place and the associated importance of what the Benedictines call ‘stabilitas’, of commitment to the place in which one has been called to serve God in whatever capacity. My first full year as Dean of Wakefield has renewed in me a sense of the importance of ‘stabilitas’ as an essential ingredient of my ministry. I have come to love Wakefield Cathedral deeply, and to understand more fully the important role it has to play in the city, district and diocese. Like all cathedrals, Wakefield has what is sometimes called a multivalent appeal.
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