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. That is to say it carries a range of quite distinct associations and meanings for the many people and groups who come into the building. The cathedral is, primarily, a place of unconditional welcome, of worship and of witness to God. During 2019 we were able to combine all three of these themes when we hosted the national launch of the Church of England’s translation of the Holy Communion Service into Persian. Over six hundred people, the majority of whom were Iranian, gathered for a wonderfully spirit-filled act of worship with the Bishop of Loughborough, the Rt Revd Guli Francis-Dehqani presiding. The service was a reminder of the importance of cathedral ministry in the life of the wider Church of England, which was represented at many levels. The importance of Wakefield as one of the three mother churches of our young Diocese of Leeds was shown in the two packed ordination services later in the year: candidates from all five of our episcopal areas were ordained by the Bishop of Leeds and welcomed into the ordained ministry by hundreds of friends and family members. Our role as a cathedral for the whole diocese was also given emphasis during Advent and Christmas: the Bishop of Leeds presided and preached on Christmas Day, and we welcomed all five Area Bishops as preachers during December. The role of the cathedral as a regional gathering place was evident at a moving Memorial Service for the late Terry Hodgkinson, a former Chair of

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 4 Financial statements for the year ended 31 December 2019

Annual Report of the Chapter

Yorkshire Forward and a driving force behind many local regeneration projects. It seemed natural for Terry’s family to ask the cathedral to host this service and we were glad to respond.

During 2019 the cathedral’s important place in the wider cultural and artistic life of Wakefield and district was very evident. Highlights included our participation in the nationally significant Yorkshire Sculpture International (YSI) during the summer months, along with its associated Index Fringe Festival: a performance of Tarek Atoui’s exciting Shuffle Orchestra, brought an eclectic audience into the cathedral, many of whom were visiting the cathedral for the first time, and we had a three month display of some of Melissa Murray’s Awkward Objects installed at various places in the cathedral. Wakefield Cathedral is now a partner in the Wakefield Cultural Consortium and is recognised as one of the most important venues for public art in the region.

The Cathedral Choir goes from strength to strength. Recruitment to both the boys’ and girls’ sections remains strong, bucking national trends at cathedrals that do not have choir schools. Highlights of 2019 included a very successful tour of Poland in the summer, a concert to mark the ninetieth anniversary of the birth of Kenneth Leighton, a former chorister, and the achievement of one of our trebles, Charlie Trueman, in reaching the final of BBC Radio 2’s Young Chorister of the Year. Sadly, during the year we lost one of our oldest former choristers, John Holt, who had been a wonderful supporter of our cathedral music for the whole of his life. His funeral in the autumn, full of music he had chosen himself, was a fitting tribute to his life.

Good governance is becoming ever more important in the life of all our cathedrals: it is at the heart of the new Cathedrals Measure that is currently going through General Synod. Wakefield is well served by its Chapter, and this year we welcomed a new member, Alison Dean. Alison held a senior role at HMRC for many years and is a highly respected member of the cathedral’s worshipping community. During 2019 the Task and Finish Groups which were set up in the autumn of 2018 completed their work. A number of decisions have flowed from the work of the T&F groups: there have been important changes to our organisational structure, including the transition of Neil Holland to the role of Chief Operating Officer; we have changed the pattern of our midweek services in order to achieve more consistency around timings and so as to include a weekly Eucharist with the Ministry of Healing; we have signed a service level agreement with the Diocesan Board of Finance which has made our relationship with its officers, who look after our accounts, much more professional; and we now have an outline scheme for the development of the north precinct. This project has not progressed as quickly as we had hoped, but I hope to be able to report more significant progress next year.

The number of cathedral clergy, both stipendiary and honorary, diminished in 2019. Canon Tony Macpherson, our Sub-dean and Canon Pastor, moved to a new role in Northumberland during the autumn; Father Tim Stevens, our curate, was appointed to the (much nearer) benefice of Darton with Staincross; and Canon John Lawson, our Canon Librarian, resigned his role as a Residentiary Canon when Canon June Lawson, John’s wife and an honorary priest vicar of the cathedral, moved to become Vicar of St Giles and All Saints, Pontefract. All four were much loved at the cathedral and left with our prayers and good wishes. We were unable to appoint a successor to Canon Tony at the interviews in October but hope to be able to make an appointment during the first half of 2020. Meanwhile I pay tribute to my colleague, Canon Leah Vasey-Saunders, for her unstinting contribution to the sustaining of the cathedral’s day to day ministry during this challenging period. Our dedicated staff team were deeply saddened during 2019 by the death in August of Lynn Turpin, one of our kitchen team. We extend our prayers to Lynn’s family. Other staff movements included Kay Wilshaw’s departure from the vergers’ team: after an interview process Brian Trueman was appointed to replace her; and the arrival of Austin Henry as a part-time member of our kitchen team. I am glad to thank all our dedicated staff and volunteers who enable the cathedral to run so smoothly and efficiently.

As the writer of the Letter to the Hebrews said in another context, ‘time would fail me’ to tell of the blessings of our link with our sister cathedral in Skara, Sweden; of the use of the cathedral nave for gala dinners; of the eclectic range of concerts ranging from The Sixteen to Jethro Tull; of the graduation ceremonies we hosted for Wakefield College and Backstage Academy; and of much else besides. As the Statutory Accounts and the Finance Report show, there are challenges ahead. But through God’s grace, through the faithful witness of our wonderful congregations, and through the dedication of our staff and volunteers Wakefield Cathedral continues to be a joyful, generous and inclusive community witnessing to the inexhaustible love of God for the whole of creation.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 5 Financial statements for the year ended 31 December 2019

Annual Report of the Chapter

The Very Revd Simon Cowling Dean of Wakefield

Financial Report

It is readily apparent from the Statutory Accounts that Wakefield Cathedral is not well-endowed. Its day-to-day running is dependent on a generous annual grant from the Church Commissioners Section 23 fund, which is itself related to a rolling average of unrestricted income. In 2019 Wakefield Cathedral achieved a net surplus in unrestricted income of £129,633. However, it should be noted that this surplus was only possible because of some very generous (and gift-aided) donations totalling £137,500. As the Statement of Financial Activities and detailed accounts show, Chapter prudently chose to designate these funds to be used to supplement the costs associated with our music department. The music department at the cathedral is a real centre of excellence and Chapter is keen to secure its future. Once these (now) designated funds are taken into account, there was a deficit in general unrestricted income of over £2,700 against a small budgeted surplus of some £300. The main underlying reason for this deficit is twofold. Firstly, there is a continuing challenge with the level of voluntary congregational giving: in 2019 this was over £8,000, or 12%, below a (very modest) budgeted figure of £68,000. Secondly, there was a shortfall of some £13,000, or 6.5%, in budgeted income from voluntary donations. Chapter is alive to the challenge of increasing voluntary income from all sources: a contactless terminal has now been installed in the cathedral and Chapter has agreed that the cathedral should join the Parish Giving Scheme as part of a wider stewardship campaign planned for 2020.

Chapter is well served, and advised, by an excellent Finance Committee. The scrutiny and recommendations that the Finance Committee provide ensure that strategic decisions about expenditure are fully informed. Challenges lie ahead, but with continued prudence balanced by appropriate entrepreneurship, and with the robust reserves policy that has been established, Chapter is well-placed to face these challenges.

The Very Revd Simon Cowling Dean of Wakefield

Reserves Policy

The cathedral’s policy is to hold an amount of freely available reserves equal to between three and six months of budgeted forward unrestricted expenditure. For 2020, this is between £161,000 and £322,000. In 2018 the freely available reserves were a little below this amount. Income received by designated funds during the current year has increased freely available reserves to well within the desired range required by the policy.

Wakefield Cathedral held consolidated total funds of £2,250,850 as at 31 December 2019 (2018: £2,063,624). Of this £1,118,920 (2018: £1,101,630) was held in endowment funds and £858,977 (2018: £823,750) was held in restricted funds. The restricted and endowment funds are not available for the general purposes of the cathedral.

After making allowances for those restricted and endowment funds, the cathedral has designated funds of £180,273 (2018: £42,773) and unrestricted funds of £92,680 (2018: £95,471). Funds that have been designated by Chapter for specific areas of ministry are not subject to any statutory restrictions and consequently are deemed to be unrestricted funds for the purposes of this reserves policy. Neither the designated nor unrestricted funds include any functional assets (e.g. buildings and fixtures) that are required for the cathedral’s operational use. The total balance of the cathedral’s freely available reserves is therefore £272,953 (2018: £138,244).

Chapter’s aim is to build all its funds, including its reserves held in unrestricted funds, to levels sufficient to address the cathedral’s long-term sustainability. The reserves policy is formulated in line with recommendations of the Charity Commissioners of England and Wales.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 6 Financial statements for the year ended 31 December 2019

Annual Report of the Chapter

Going Concern

The Chapter has prepared these financial statements on a going concern basis. The Chapter has reviewed the financial and operational risks that it believes are of most concern to the Cathedral. The most significant of these is the Covid-19 pandemic, which began in early 2020 and was still ongoing at the signing of these accounts. This led to the closure of the Cathedral on 23 March 2020, resulting in reduced income from congregational and visitor giving, cathedral events and special services, and shop and café trading. However, the Chapter is confident this can be absorbed through a combination of reductions in expenditure (e.g. lower trading costs and utilising the government’s furlough scheme) and the receipt of Church Commissioners liquidity support (automatically provided to all cathedrals).

The financial statements have been prepared on the going concern basis. The Chapter have assessed the going concern position of the Cathedral and have no reason to believe that there is a material uncertainty that would affect the ability of the organisation to continue as a going concern for the foreseeable future. The Chapter consider the foreseeable future to be 12 months from the date that the financial statements are signed. The Chapter have prepared financial forecasts which demonstrate that the Cathedral will be able to continue operations on the current basis for that period.

The prepared forecasts have been reviewed in the context of the impact of the epidemic. The major implications are in relation to income. Various scenarios reflecting adverse effects on this income have been modelled and these scenarios indicate that the Cathedral has adequate cash reserves to enable the financial statements to be prepared on a going concern basis.

Music and Worship at the Cathedral in 2019

We hosted approximately 1,020 services in 2019. Below are a number of headings, under which I have given a feel for the year from different perspectives around the worshipping life of the cathedral. There are a few areas not mentioned – firstly the Wardens, Welcomers, Sides people and Flower Arrangers. These people do not go unnoticed – many people write to us over the year and the first thing they comment on by far is the hospitality and welcome they receive when worshipping with us. Thank you to those of you that enable this ongoing ministry around worship to happen. Secondly, the Vergers. Our Cathedral Vergers play a vital role in the preparation for and smooth running of every service and event – I am particularly grateful for the support they provide for worship, from setting up chairs, seat, labels, microphones and so on. So, it is important we also thank Julie, Brian and Richard. Finally, a special mention of thanks to Richard Wainwright, who is not only a Verger, but also films and records worship throughout the year to add to the Cathedral YouTube Channel and archive.

Special Services

Holocaust Memorial Day, Farewell to Canons John and June Lawson, the launch of the national Persian language Eucharist, Diocesan Mothers’ Union Lady Day Eucharist, a Celebration of 130th Anniversary of the creation of the Cathedral and City, the Mayor’s Civic Parade, the Scouts St George’s Day Service, the RSCM Music Festival with awards ceremony and three Installations of Canons all took place in 2019. It was our turn to host the diocesan ordinations of Deacons, which was done across two services in one day. We also said farewells to our curate Revd Tim Stevens and Canon Tony Macpherson, Sub-Dean and Canon Pastor, in special services in July. We hosted the diocesan Licensing of Readers as well as the Company of Servers annual Festal Eucharist. There were of course many other special services throughout the year, but I have chosen to note in particular the season of Remembrance.

Commemoration of the ending of World War One

We were able to play our role at the heart of the city’s commemoration of the 100th Anniversary of the Armistice. Working with Wakefield Metropolitan District Council, the Mayor’s Office, Wakefield BID and Backstage Academy, we were able to deliver a memorial and fitting weekend of events. We began the day with a lone piper on the cathedral steps, joined together at the War Memorial in the Civic Act of Remembrance and we hosted the Mayor’s

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 7 Financial statements for the year ended 31 December 2019

Annual Report of the Chapter

Festival of Remembrance. The Cathedral was beautifully lit, with poppies, along the south side and the Wakefield Beacon was a shard of bright white light beaming through the Cathedral tower into the Yorkshire skyline. The Bell Ringers also rang a special peal in the afternoon to mark the occasion. Every aspect of our Cathedral family contributed wonderfully, and particular thanks to the Music Department and Choir, the Servers, Bell Ringers and Vergers. Thanks also to the partner organisations, who work with us year in year out, for their support in making this commemoration one to remember.

Choir

In 2019 our Cathedral Choir and Music Department continued to grow from strength to strength, and we offer many thanks to every member of the choir for their commitment and dedication to cathedral music making. To highlight a few things in this report: the girls and lay clerks attended the Yorkshire Girls’ Choirs Festival in Bradford early in the year and the Boys attended the Three Choirs Festival in November. They also sang in a concert celebrating Kenneth Leighton with St Peters’ Consort, sang Evensong prior to the WCOCA annual dinner and of course sang on many special occasions such as Remembrance, Carols by Candlelight and the annual concert at the Quaker Meeting House in Ackworth. This year’s choir tour to Poland was by far the highlight of the year with extraordinary venues being a key theme of the singing engagements. The choir undertook two planned concerts, one Mass and took two opportunities to sing as a flash-mob - one in a chapel deep in the salt mines, another on the aeroplane on the way home.

There were several comings and goings this year in the choir community noted below.

Joined the Choir: Michael Dube, Jenson Pang, Freddie Scott, Tanaka Katema, George Scott, Marlon Walsh. Riya Bhagat, Lucinda Mapemba, Calleigh Tan, Kumbi Katema, Jessica Parnell, Scott Senogles, Jonathan Bish and Christopher Black (Organ Scholar).

Left the Choir: Jvan Lin, Joel Crabtree, Amelia Thackeray, Kaci Macpherson, Tom Wilks and Jacob Crabtree.

The Cathedral Choir flourishes under the leadership of our Director of Music, Thomas Moore, assisted by James Bowstead (Assistant Director of Music). They work hard to both prepare the musical content of our worship and to support and nurture the community around the music department. On behalf of the community, I express our thanks for all that they do to ensure our worship is enabled through wonderful music.

Bell Ringers

The Bell Ringers continue to be mostly heard and not seen, but we did in 2019, recommission them as a band. Adrian Moreton is now Acting as Tower Captain, whilst the band work together to continue to provide this call to worship that we treasure. There has been lots of ringing in 2019, and several visiting bands also. Wakefield is known as a friendly place to visit but also a generous place as many of our ringers support towers elsewhere too. We are thankful for the gift of this ministry and express our gratitude to all who serve the Cathedral through the ringing of its bells.

Servers

The Servers continue to be faithful in supporting a great deal of not only cathedral worship but also of civic and diocesan services. They began the year with a quiet morning in Lent, with a shared lunch. In the summer of 2019 Professor Claire Honess, Head Server, was recommended for training for ordination. Claire began that training in September. We said thank you to Claire (who will continue to worship at the Cathedral and serve when she can). We also gave thanks for the call of a new Head Server, Deborah Binzi, and alongside new deputy, Janet Revans, we welcome and commissioned them both. The Servers have renewed their training in line with our developing practice at the cathedral and also held a ‘bring and share’ lunch at which they celebrated Tim Elvidge as one of the Cathedral’s longest-serving Servers. I continue to be grateful to all of those who offer their time to support our worship through service at the altar and on behalf of the Cathedral community offer our deepest thanks.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 8 Financial statements for the year ended 31 December 2019

Annual Report of the Chapter

Occasional Offices

During 2019, we hosted seven funerals in the cathedral itself, two Memorial services, nine Baptisms, three weddings and one wedding blessing. Three children were admitted to communion before confirmation and two cathedral candidates were confirmed.

Visiting Preachers

We welcomed the Bishop of Leeds, the Bishop of Ripon, the Bishop of Huddersfield, the Bishop of Bradford, the Bishop of Kirkstall, the Dean of Ripon, the Archdeacon of Pontefract, the Archdeacon of Bradford, the Archdeacon of Richmond and Craven, the Archdeacon of Leeds and Revd Mark Burns, Revd Monika Doering, Revd Sam Cowling-Green and Revd Felicity Cowling-Green to preach.

Visiting Choirs

We welcomed St Peter’s Consort, St Michael’s, Mytholmroyd, the Harsnett Choir and the Stamford Singers.

The Revd Canon Leah Vasey-Saunders Canon Precentor Learning

With funding from Allchurches Trust, Hymns Ancient and Modern, the Sir George Martin Trust and the Diocesan Family and Social Welfare Council, outreach and education has continued to flourish at Wakefield Cathedral. During 2019 more than 5,000 people attended 150 education and outreach workshops and events in the five areas earmarked for development:

• Pre-school children • School aged children • Christian nurture for young people • Adults • Work with volunteers

Pre-school children - In 2019 there were four workshops that were specifically for pre-school children. These comprised of Christmas and Easter workshops for nursery schools.

School aged children - During 2019 42 school groups came to the Cathedral or Chantry Chapel for workshops with children ranging in age from 4 to 11. Popular workshops have included Signs and Symbols, which is an introduction to the Cathedral and to Christianity, The Easter Story and The Christmas Journey. Some schools asked for bespoke workshops to compliment their RE work in class including a workshop on the theme of salvation and another on the significance of light in the Christmas festival.

There have also been opportunities for workshops to take place in schools with one school requesting a labyrinth workshop and having the portable canvas labyrinth in the school hall. Another school requested an exploration of the children’s spirituality which took place in their local parish church. Schools have also requested collective worship.

During the year the Education Department worked closely with the Music Department on an evensong project. We went into five schools to invite children to come to a special evensong workshop which would culminate in them singing choral evensong with the cathedral choir. A group of 14 children came with their teachers for the event, they had a tour of the cathedral, music workshops and ate tea with the choristers before taking part in evensong. Many of the children’s family members came to the evensong.

Christian nurture for young people - There have been 34 events catering for the Christian nurture of young people during 2019. 17 of these have been Family Fun sessions taking place during school holidays. The topics covered by

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 9 Financial statements for the year ended 31 December 2019

Annual Report of the Chapter

these free drop-in workshops have included Easter, parables, music and saints. In May we ran an activity about our stained-glass windows at the Wakefield Children’s University event Mayhem which took place in Castleford. As a result of this a number of families have attended our Family Fun sessions in the cathedral.

After the departure of Canon Tony and Reverend Tim the department has also co-ordinated Messy Cathedral and the youth film evenings. In April a Beaver Scout group had a workshop at the cathedral as part of their Faith Badge. We have also provided children’s activities during the Eat Up Stand Up events organised by the Cathedral Kitchen.

Since June a complete set of Godly Play resources as well as other children’s resources have been housed in our education room by the diocese. Fortnightly, during term time, these resources are made available by The Diocesan Children, Young People and Families Team for people to borrow. The Team have also run a Thrive event which supports people working with children and young people in churches and a Godly Play training session.

Adults - During the past year there have been 60 adult education sessions, including the regular Cathedral Crafts group, who have met most weeks. Over the year they worked on a communal project making a knitted nativity which was raffled at the cathedral craft fair.

There have also been four very successful Artwalk sessions in 2019 with 685 people attending them. The cathedral hosted Tony Wade’s Boundary exhibition around the labyrinth twice during the year and encouraged people to send postcards and pictures of their favourite places to be part of an installation running alongside Boundary.

Heritage Open Day in September saw 64 people taking part in Cathedral and Tower Tours.

Also, in September a group from Wakefield and District Society for Deaf People came for a signed tour of the cathedral. This has been an important link with the deaf community and subsequently there have been two services that have been signed.

Working with volunteers - 68 outreach and education events and workshops have been supported by volunteers during 2019.

Gillian Bunn Community Outreach Officer

Cathedral Shop and Visitor Information Point

The Cathedral Shop continued its mission of service and welcome throughout 2019, working closely with the Cathedral Kitchen to provide a warm and welcoming space for our cathedral community and our visitors and a revenue source for the cathedral. We also continued to provide an Information Point for locals and visitors to Wakefield, actively promoting the attractions of the Wakefield area and the numerous special events that took place in 2019.

During 2019 the Shop supported a number of special events and promotions. In January we hosted the launch of the book “Wakefield in 50 Buildings”. The book continued to be a popular purchase throughout the year. In February we welcomed visitors to Wakefield’s Rhubarb Festival with special displays at the Visitor information Point and volunteers and staff constantly on hand to provide information and a welcome to our cathedral and city. The Shop and VIP were open for the three days of the Festival, largely thanks to the dedication of our team of volunteers, resulting in sales of nearly £800.

In June we were able to support an evening led by Bishop John Pritchard on “How to Pray”, providing a bookstall with special promotions on a number of prayer-centred titles. During the Summer we supported the Yorkshire Sculpture International with a special display on the Visitor Information Point and by offering the guide and other related products for sale in the Shop. In November we again participated in the cathedral’s Craft Fair and in

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 10 Financial statements for the year ended 31 December 2019

Annual Report of the Chapter

December we set up the Mobile Shop at a number of carol services and also experimented with keeping the Shop open in Treacy Hall for “Carols by Candlelight”.

Our product range is kept under constant review and we welcome feedback and suggestions from our customers. To this end we started selling wrapping paper during 2019 and extended our Yorkshire and Wakefield ranges. Greetings cards remain among our most popular items and we continued to stock cards with and without bible verses in response to customer demand. Many cathedral shops sell similar products from the same suppliers but here at Wakefield Cathedral Shop we have tried to diversify, working with small independent suppliers and providing a marketplace for local businesses, artists and societies. Wakefield Civic Society publications continued to be very popular throughout 2019 and we had great success with cards and calendars supplied by two very small independent local suppliers.

We welcomed a number of new volunteers to our team during 2019 but also sadly lost Joyce Graham, the cathedral’s longest-serving volunteer and a stalwart of the Shop. Her vivacity, her humour and her box of biscuits are very much missed by the Shop Team! We also welcomed a student on work experience in July, helping him to place his studies in business into a real-life context.

The volunteer team displayed just how indispensable they are when they kept the Shop going after the Retail Administrator managed to break her foot and had to be off work for seven weeks. They did a fantastic job in welcoming customers, generating sales and sorting out new stock, meaning that we were able to provide an uninterrupted service.

2019 was a challenging year for the retail sector nationally, with a number of well-known brands disappearing from the high street and sales down on previous years as economic and political uncertainties depressed consumer confidence. The Cathedral Shop was not immune to this downturn in consumer spending and saw sales fall by 10.5% on 2018 sales to £41,717.14. Costs also had to increase as the Retail Administrator was in post for the full year, thus generating greater salary costs. There was also an increase of 4.6% in purchasing costs on 2018; some of these costs were recouped in early 2020 as we are able to return unsold books to some of our suppliers. Despite all this, the Shop still managed to produce a surplus by the end of 2019 of £4,767.49.

We continued to support the cathedral’s outreach to the local Episcopal Area through our Parish Discount, providing a number of local churches and connected organisations with resources at affordable prices. 304 transactions with local churches generated £3,064 of sales which attracted discounts totalling £340.

In March 2019, with the support of the Cathedral Chapter, the Shop launched the Cathedral Team discount for a trial period of one year. This was done after case studies were carried out around discount offers by other cathedrals, charities and businesses. Staff members and cathedral volunteers are able to purchase goods from the Shop with a 20% discount on production of their card. In 2019 741 transactions generated sales of £3,331.72 which attracted discounts totalling £671.75. This discount does not cause the Shop to make a loss but does allow the cathedral to express in a small way its gratitude for all that our team of volunteers and staff gives to the cathedral and its work.

Sarah Rowland Retail Administrator

Maintaining and developing the Cathedral fabric

For the first time since my appointment in 2006 we have had a quiet 12 months at Wakefield Cathedral without a major project being undertaken. This means 2019 has been a year of taking stock, maintaining the cathedral and one of looking to the future.

The most exciting news is the ongoing work in connection with the new facilities feasibility study, which was commenced last year. This has made good progress with continuing dialogue between myself, the cathedral, the

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 11 Financial statements for the year ended 31 December 2019

Annual Report of the Chapter

Fabric Advisory Committee, the Cathedral Fabric Commission for England and the national amenity societies. It is hoped that this study will be completed by late spring of 2020 and this very exciting project, which will allow the cathedral to move forward into the future, will then be able to develop.

The future of the George Pace Cathedra and the Victorian pulpit have still not been resolved. Both pieces of furniture are redundant and not needed by the cathedral. The cathedral and ourselves continue to try and find a way forward for these pieces of furniture.

In 2019, Mrs Celia Kilner drew up designs for a new bishops’ board which will commemorate the bishops of the new Diocese of Leeds. The fabric Advisory Committee has approved the designs and we await funding. Also in 2019, it was agreed that the cathedral’s inventory needed to be updated. We hope to work with the University of York on this and hopefully an updated directory will be completed over the next 12 months.

The Wakefield Bridge Chantry Chapel also comes under the care of the Cathedral. The quinquennial repairs were completed two years ago and the building remains in good condition and well used. I am pleased to say the large amount of debris under the mediaeval bridge, noted in my report last year, has been removed.

In accordance with previous reports, I am required to provide a five-year financial forecast for the cathedral and other buildings. This is inevitably difficult to predict, especially as we have no larger projects planned, but the following should be seen as a guide.

2019/2020 2020/2021 2021/2022 2022/2023 2023/2024 £000s £000s £000s £000s £000s Routine 19 19 19 20 20 maintenance

VAT has been excluded from the above figures. The cathedral can, at present, reclaim the VAT on all work and professional fees and the Government has extended this VAT reclaim scheme. In addition, the Cathedral Fabric Commission for England is completing a survey of the repair needs of all England’s cathedrals, with the hope of persuading the Government to provide additional money to assist Cathedrals. I hope to report good news next year on programme in undertaking repairs highlighted in the 2018 inspection.

As ever, I need to finish my report by thanking a number of people and organisations. Firstly, the cathedral’s Fabric Advisory Committee under the chairmanship of Professor Binfield, which continues to support the cathedral’s work and allows us to have a creative approach to the stewardship of the cathedral. Secondly, I would like to thank Chapter for continuing to lead the cathedral in vision, allowing the building to not only to be cared for, but also to be active at the centre of the city.

John Bailey Cathedral Architect

Very Revd Simon Cowling, Dean 15 July 2020

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

12

Independent auditor's report to the members of the Chapter of The Cathedral Church of All Saints, Wakefield

We have audited the financial statements of The Cathedral Church of All Saints, Wakefield, for the year ended 31 December 2019 which comprise the statement of financial activities, the balance sheet, the cash flow statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 the standard applicable in the UK and Republic of Ireland.

This report is made solely to the members of the Chapter of the Cathedral, as a body, in accordance with the regulations made under section 27 of the Cathedrals Measure 1999. Our audit work has been undertaken so that we might state to the members of the Chapter of the Cathedral, those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Cathedral and the members of the Chapter of the Cathedral as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of the chapter and auditor

As explained more fully in the Statement of the Cathedral Chapter's responsibilities, set out on page 1, the Chapter is responsible for the preparation of the financial statements which show a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors.

Scope of the audit of the financial statements

A description of the scope of an audit of financial statements is provided on the Financial Reporting Council's website at www.frc.org.uk/auditscopeukprivate.

Opinion on financial statements

In our opinion the financial statements show a true and fair view of the transactions of the Cathedral throughout the year ended 31 December 2019 and of its position at the end of that year in accordance with United Kingdom Generally Accepted Accounting Practice.

The impact of macro-economic uncertainties on our audit

Our audit of the financial statements requires us to obtain an understanding of all relevant uncertainties, including those arising as a consequence of the effects of macro-economic uncertainties such as Covid-19 and Brexit. All audits assess and challenge the reasonableness of estimates made by the Chapter and the related disclosures and the appropriateness of the going concern basis of preparation of the financial statements. All of these depend on assessments of the future economic environment and the Cathedral’s future prospects and performance.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

13

Independent auditor's report to the members of the Chapter of The Cathedral Church of All Saints, Wakefield

Covid-19 and Brexit are amongst the most significant economic events currently faced by the UK, and at the date of this report their effects are subject to unprecedented levels of uncertainty, with the full range of possible outcomes and their impacts unknown. We applied a standardised firm-wide approach in response to these uncertainties when assessing the Cathedral’s future prospects and performance. However, no audit should be expected to predict the unknowable factors or all possible future implications for an organization associated with these particular events.

Grant Thornton UK LLP Statutory Auditor, Chartered Accountants SHEFFIELD 15 July 2020

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 14 Financial statements for the year ended 31 December 2019

Statement of financial activities

Total Total Unrestricted Designated Restricted Endowment Funds Funds Funds Funds Funds Funds 2019 2018 Note £ £ £ £ £ £

Income and endowment from: 2 Donations and legacies 363,342 - 68,924 - 432,266 242,137 Grants in support of mission - - 360,822 - 360,822 649,332 Charges and fees arising in the course of mission 35,793 - - - 35,793 23,685 Trading and fundraising 125,105 - - - 125,105 127,263 Investments 12,422 - 3,262 - 15,684 12,725 Other income 13,643 - 322 - 13,965 205,275 Total income 550,305 - 433,330 - 983,635 1,260,417

Expenditure on mission 3/4 Raising funds 139,947 - - - 139,947 124,648 Ministry 46,984 - 293,383 - 340,367 319,220 Cathedral and precincts upkeep 161,706 - 92,395 - 254,101 392,578 Education and outreach 22,883 - 24,775 - 47,658 103,654 Community parish and congregation 112 - - - 112 279 Other expenditure 49,040 - 1,371 - 50,411 262,010 Total expenditure 420,672 - 411,924 - 832,596 1,202,389

Net income/expenditure before investment gains/(losses) 12 129,633 - 21,406 - 151,039 58,028

Gross transfer between funds 13 (137,500) 137,500 - - - -

Net gains/(losses) on investments 6 5,076 - 13,821 17,290 36,187 258 Net gains/(losses) on revaluation of Property 7 ------Net income/(expenditure) (2,791) 137,500 35,227 17,290 187,226 58,286

Net movement in funds (2,791) 137,500 35,227 17,290 187,226 58,286

Reconciliation of funds: Total funds brought forward 95,471 42,773 823,750 1,101,630 2,063,624 2,005,338

Total funds carried forward 13 92,680 180,273 858,977 1,118,920 2,250,850 2,063,624

All income and expenditure included in the Statement of financial activities relates to continuing activities.

The accompanying accounting policies and notes form part of these financial statements.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 15 Financial statements for the year ended 31 December 2019

Balance sheet

Total Total Unrestricted Designated Restricted Endowment funds funds funds Funds funds Funds 2019 2018 Note £ £ £ £ £ £

Fixed assets Investment assets Investments 5 38,424 - 89,210 153,920 281,554 242,817

Non-investment assets Property 7 - - 280,000 965,000 1,245,000 1,245,000 Total fixed assets 38,424 - 369,210 1,118,920 1,526,554 1,487,817

Current assets Stock 8 19,655 - - - 19,655 21,590 Debtors 9 29,719 - 27,702 - 57,421 48,714 Short term deposits 23,080 - 426,032 - 449,112 463,980 Cash at bank and in hand 24,441 180,273 54,316 - 259,030 117,266 96,895 180,273 508,050 - 785,218 651,550

Creditors falling due within one year 10 42,639 - 5,396 - 48,035 59,892

Net current assets 54,256 180,273 502,654 - 737,183 591,658

Total assets less current liabilities 92,680 180,273 871,864 1,118,920 2,263,737 2,079,475

Creditors falling due after more than one year 11 - - 12,887 - 12,887 15,851

Net assets 92,680 180,273 858,977 1,118,920 2,250,850 2,063,624

Funds 13 General funds 92,680 180,273 - 490,728 763,681 611,682 Fabric funds - - 34,564 - 34,564 35,589 Other funds - - 764,413 - 764,413 728,161 Revaluation reserve - - 60,000 628,192 688,192 688,192 92,680 180,273 858,977 1,118,920 2,250,850 2,063,624

The financial statements were approved by the Chapter of Wakefield Cathedral and signed on its behalf on 15 July 2020.

The Very Reverend Simon Cowling Dean

The accompanying accounting policies and notes form part of these financial statements.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 16 Financial statements for the year ended 31 December 2019

Cash flow statement

2019 2018 Note £ £

Cash outflow from operating activities 14 129,446 121,925

Cash flows from investing activities Dividends, interest and rent from investments - - Sale of: Fixed asset investments - 26,118 Purchase of: Fixed asset investments (2,550) (1,415)

Net cash provided by investing activities (2,550) 24,703

Net cash decrease in cash and cash equivalents 126,896 146,628

Cash and cash equivalents at 1 January 581,246 434,618

Cash and cash equivalents at 31 December 15 708,142 581,246

The accompanying accounting policies and notes form part of these financial statements.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 17 Financial statements for the year ended 31 December 2019

Notes to the financial statements

1 Principal accounting policies

General information The Cathedral Church of all Saints, Wakefield, also known as Wakefield Cathedral Principal office: Cathedral Centre, 8-10 Westmorland Street, Wakefield, WF1 1PJ.

Basis of preparation The financial statements have been prepared in accordance with the Cathedrals Measure 1999, the Accounting and Reporting Regulations for English Anglican Cathedrals made under section 27 of the Cathedrals Measure 1999 issued in February 2015 and FRS 102.

The financial statements are prepared on the historical cost convention basis except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.

The financial statements are presented in Great British Pounds Sterling.

Going concern The Chapter has prepared these financial statements on a going concern basis. The Chapter has reviewed the financial and operational risks that it believes are of most concern to the Cathedral. The most significant of these is the Covid-19 pandemic, which began in early 2020 and was still ongoing at the signing of these accounts. This led to the closure of the Cathedral on 23 March 2020, resulting in reduced income from congregational and visitor giving, cathedral events and special services, and shop and café trading. However, the Chapter is confident this can be absorbed through a combination of reductions in expenditure (e.g. lower trading costs and utilising the government’s furlough scheme) and the receipt of Church Commissioners liquidity support (automatically provided to all cathedrals).

The financial statements have been prepared on the going concern basis. The Chapter have assessed the going concern position of the Cathedral and have no reason to believe that there is a material uncertainty that would affect the ability of the organisation to continue as a going concern for the foreseeable future. The Chapter consider the foreseeable future to be 12 months from the date that the financial statements are signed. The Chapter have prepared financial forecasts which demonstrate that the Cathedral will be able to continue operations on the current basis for that period.

The prepared forecasts have been reviewed in the context of the impact of the epidemic. The major implications are in relation to income. Various scenarios reflecting adverse effects on this income have been modelled and these scenarios indicate that the Cathedral has adequate cash reserves to enable the financial statements to be prepared on a going concern basis.

Income and endowments Income and endowments including legacies, are included in the statement of financial activities (SOFA) when the Cathedral is legally entitled to them as income or capital respectively, ultimate receipt is probable and the amount to be recognised can be quantified with reasonable accuracy.

Revenue grants are credited as income and endowments when they are receivable provided conditions for receipt have been complied with, unless they relate to a specified future period, in which case they are deferred. Grants for the purchase of fixed assets are credited to restricted income when receivable.

Investment income Investment income is recognised when receivable.

Endowment income Endowment income is credited to the income and expenditure account on a receivable basis. Income from restricted endowments not expended in accordance with the restrictions of the endowment is transferred from the income and expenditure account to restricted endowments. Any realised gains and losses are retained within endowments in the balance sheet.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 18 Financial statements for the year ended 31 December 2019

Notes to the financial statements

1 Principal accounting policies (continued)

Third party and non-cash receipts and payments and donated assets Where amounts are payable on behalf of the Cathedral by third parties, for example the Church Commissioners, these are disclosed under both income and expenditure in the statement of financial activities.

Where assets and services are donated to the Cathedral, the value is included within the appropriate classification of income and expenditure.

Expenditure Expenditure is recognised on the accruals basis and is reported gross of related income on the following basis:

Raising funds comprises the costs associated with attracting donations and legacies and the costs of other income generation. Expenditure on mission comprises all expenditure incurred in promoting the mission of the Cathedral. Governance costs comprise costs incurred as a result of constitutional and statutory requirements.

Where costs cannot be directly attributed to specific headings, they have been allocated as follows:

Raising funds 20% Expenditure on mission 80%

Leases Operating lease rentals are charged on a straight line basis over the term of the lease.

Transactions with the diocese Cash transactions with the diocese are shown under income and endowments and expenditure on mission.

Repairs, restoration and maintenance of the Cathedral Expenditure on repairs, restoration and maintenance of the Cathedral is charged as incurred. Any amounts set aside for future expenditure are shown as transfers to the Fabric Fund (note 13).

Taxation The Cathedral is not subject to corporation tax. Irrecoverable VAT is included in the cost of the expenditure to which it relates. Income which has been taxed is shown net of tax. Tax reclaimable from HMRC is accrued for in the accounts.

Funds A fund is a pool of expendable resources, held and maintained separately from other pools because of the circumstances in which the resources were originally received and the way in which they have subsequently been treated.

Restricted funds: These have specific conditions attached to the expenditure of capital or income Endowment funds: These are restricted funds where the capital must be held permanently Unrestricted funds: The Chapter has the discretion to spend both capital and income Designated Funds: The Dean has the discretion to spend both capital and income

Cathedral buildings and the inventory No value is attributable in the balance sheet to either the Cathedral building or to items included in the inventory prepared under S13(1) of the Care of the Cathedrals Measure 1990 as being of architectural, archaeological, artistic or historic interest. The cost of items added to the inventory during the year is written off as unusual or non-regularly recurring items.

Property and depreciation Investment properties Investment properties are included in the balance sheet at their open market value. Properties are revalued every five years.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 19 Financial statements for the year ended 31 December 2019

Notes to the financial statements

1 Principal accounting policies (continued)

Other properties Other properties are included in the balance sheet at their open market value. Properties are revalued every five years. No depreciation is provided on buildings for Cathedral use (buildings for occupation by the Cathedral clergy or other members of Cathedral staff). The remaining useful life of the buildings for Cathedral use is considered to be greater than 50 years and the residual value is estimated to be so great, such that any charge to depreciation would be immaterial. Furthermore, the Chapter considers the carrying value of the buildings to be no greater than the recoverable amount at the balance sheet date. The Chapter therefore considers that the buildings are not impaired and no reduction in the existing carrying value is required.

Investments Investments held as fixed assets are stated at market value as at 31 December 2019.

Other fixed assets Office equipment, computers, furniture and fittings that are not included in the inventory and are written off on acquisition.

Stock Stock is valued at the lower of cost and net realisable value.

Pensions The majority of the members of staff contribute to a defined contribution pension scheme. Pension costs are charged in the statement of financial activities and represent the contributions payable by the Cathedral in the year.

Revaluation reserve When properties are revalued, the change in the carrying value of the property is credited to the revaluation reserve.

Revaluation losses are recognised as an expense in the SOFA except to the extent to which they offset any previous revaluation gains, in which case the loss is shown in the gains/(losses) on the SOFA.

In accordance with FRS 102, a separate revaluation reserve has been shown within the fund analysis on the balance sheet by a reclassification from general reserve.

2 Income and endowments from:

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds funds funds Funds 2019 2018 £ £ £ £ £ £ Donations and legacies Congregational collections and giving 59,753 - - - 59,753 64,775 Donations 65,871 - 35 - 65,906 81,941 Income from appeals & fundraising 42,760 - - - 42,760 33,929 Tax recoverable under Gift Aid 12,872 - - - 12,872 19,880 Income from Friends and local trusts 169,186 - - - 169,186 28,240 Legacies 12,900 - 68,889 - 81,789 13,372 363,342 - 68,924 - 432,266 242,137

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 20 Financial statements for the year ended 31 December 2019

Notes to the financial statements

2 Income and endowments from: (continued)

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds funds funds Funds 2019 2018 £ £ £ £ £ £ Grants in support of mission Church Commissioners - - 342,699 - 342,699 321,274 English WWI Centenary Cathedrals Repair Fund - - - - - 113,277 Supporting People and First Rung - - 18,123 - 18,123 55,967 Other revenue and capital grants - - - - - 158,814 - - 360,822 - 360,822 649,332

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds funds funds Funds 2019 2018 £ £ £ £ £ £ Charges and fees arising in the course of mission Facility and other fees 35,793 - - - 35,793 23,685

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds funds Funds Funds 2019 2018 £ £ £ £ £ £ Trading and fund raising Income from bookshop 41,399 - - - 41,399 48,900 Income from coffee shop 83,706 - - - 83,706 78,363 125,105 - - - 125,105 127,263

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds funds Funds Funds 2019 2018 £ £ £ £ £ £ Investments Property 3,000 - - - 3,000 2,250 Investments and short term deposits 9,422 - 3,262 - 12,684 10,475 12,422 - 3,262 - 15,684 12,725

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds funds Funds Funds 2019 2018 £ £ £ £ £ £ Other income Insurance and other recoveries 9,599 - - - 9,599 201,079 Wakefield Rent Deposit Scheme ------Chantry Chapel ------Education Officer - - 322 - 322 - Other items 4,044 - - - 4,044 4,196 13,643 - 322 - 13,965 205,275

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 21 Financial statements for the year ended 31 December 2019

Notes to the financial statements

3 Raising funds

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds Funds Funds funds 2019 2018 £ £ £ £ £ £

Direct costs of bookshop 39,095 - - - 39,095 29,839 Direct costs of coffee shop 84,302 - - - 84,302 82,047 Support costs 16,550 - - - 16,550 12,762 139,947 - - - 139,947 124,648

4 Expenditure on mission

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds Funds Funds Funds 2019 2018 £ £ £ £ £ £ Ministry Clergy stipends and working expenses - - 130,407 - 130,407 110,297 Clergy housing costs 12,763 - - - 12,763 27,089 Clergy support costs - - 70,616 - 70,616 67,330 Services, music and congregational costs 17,671 - 92,360 - 110,031 101,742 Support costs 16,550 - - - 16,550 12,762 46,984 - 293,383 - 340,367 319,220

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds Funds Funds Funds 2019 2018 £ £ £ £ £ £ Cathedral and precinct upkeep Major repairs and restoration 9,260 - - - 9,260 201,651 Maintenance and interior upkeep 96,019 - 92,395 - 188,414 137,864 Cathedral insurance 39,877 - - - 39,877 40,301 Support costs 16,550 - - - 16,550 12,762 161,706 - 92,395 - 254,101 392,578

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds Funds Funds Funds 2019 2018 £ £ £ £ £ £ Education and Outreach Charitable and other giving 6,333 - 24,775 - 31,108 90,892 Support costs 16,550 - - - 16,550 12,762 22,883 - 24,775 - 47,658 103,654

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds Funds Funds Funds 2019 2018 £ £ £ £ £ £

Community parish and congregation 112 - - - 112 279

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 22 Financial statements for the year ended 31 December 2019

Notes to the financial statements

4 Expenditure on mission (continued)

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds Funds Funds Funds 2019 2018 £ £ £ £ £ £ Other expenditure Wakefield Rent Deposit Scheme - - - - - 44,479 Chantry Chapel - - 1,371 - 1,371 5,189 Cathedral development - - - - - 180,838 Event expenditure 7,408 - - - 7,408 4,183 Support costs 25,081 - - - 25,081 12,762 Other expenditure 16,551 - - - 16,551 14,559 49,040 - 1,371 - 50,411 262,010

Support costs include the cost of administration and IT and has been allocated equally (20%) over the expenditure on Cost of generating funds, Ministry, Cathedral precinct and upkeep, Education and Outreach, and Other expenditure.

5 Investments

Total Total Unrestricted Designated Restricted Endowment Funds Funds funds Funds funds Funds 2019 2018 £ £ £ £ £ £ CBF Investment fund Investments at market value 1 January 27,881 - 72,839 97,780 198,500 213,233 Additions - - 2,550 - 2,550 1,415 Disposals - - - - - (26,118) Realised gains ------Net increase on valuation 5,219 - 13,821 18,309 37,349 9,970 Investments at market value 31 December 33,100 - 89,210 116,089 238,399 198,500

CBF Property fund Investments at market value 1 January 5,467 - - 38,850 44,317 54,028 Net increase/(decrease) on valuation (143) - - (1,019) (1,162) (9,711) Investments at market value 31 December 5,324 - - 37,831 43,155 44,317

Total investments 38,424 - 89,210 153,920 281,554 242,817

6 Gains on revaluation of property and investments

Total Total Unrestricted Designated Restricted Endowment Funds Funds Funds Funds Funds Funds 2019 2018 £ £ £ £ £ £ Investments Realised gains/(losses) on disposals ------Unrealised gains/(losses) on valuation 5,076 - 13,821 17,290 36,187 258 5,076 - 13,821 17,290 36,187 258

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 23 Financial statements for the year ended 31 December 2019

Notes to the financial statements

7 Non-investment property

No revaluation took place in the year. Total Total Unrestricted Designated Restricted Endowment Funds Funds Funds Funds Funds Funds 2019 2018 £ £ £ £ £ £ Westmorland Street Valuation 1 January - - 280,000 - 280,000 280,000 Revaluation gain ------Cathedral Close Valuation at 1 January - - - 965,000 965,000 965,000 Revaluation loss ------Valuation 31 December - - 280,000 965,000 1,245,000 1,245,000

Cathedral Close The property at Cathedral Close comprises four residential houses, the original Victorian Cathedral vicarage and three other dwellings, attached to form a mews. The property was valued on 5 April 2018 by K Short & Co, an independent firm of chartered surveyors, on the basis of vacant possession. The value at that date was £965,000. The carrying value at historical cost at 31 December 2019 was £ 336,808 (2018: £336,808).

Westmorland Centre The Westmorland Street Centre was valued on 5 April 2018 by K Short & Co, an independent firm of chartered surveyors, on the basis of vacant possession. The value at that date was £280,000. The carrying value at historical cost at 31 December 2019 was £220,000 (2018: £220,000).

8 Stock

2019 2018 £ £

Stock included in the accounts is bookshop stock for resale 19,655 21,590

9 Debtors

2019 2018 £ £

Tax refunds due (Gift Aid and LPWS) 3,665 11,432 Trade Creditors debit balance 756 - Other debtors and accrued income 53,000 37,282 57,421 48,714

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 24 Financial statements for the year ended 31 December 2019

Notes to the financial statements

10 Creditors falling due within one year

2019 2018 £ £

Pension obligations (note 19) 3,539 3,524 Taxation and social security 8,682 4,497 Other creditors 177 - Accruals 35,637 16,871 Bridging Loan - 35,000 48,036 59,892

The bridging loan was extended by a member of the congregation and is repayable on demand.

11 Creditors falling due after more than one year

2019 2018 £ £

Liability under defined benefit pension scheme (note 19) 12,887 15,851

12 Income and endowments

Net income and endowments are stated after charging against unrestricted funds: 2019 2018 £ £

Auditor's remuneration 13,400 10,800 Lease of office equipment 492 1,970

13 Funds 2019 2018 £ £ Endowment funds Property fund 965,000 965,000 Investment fund 153,920 136,630 1,118,920 1,101,630 Property fund This fund carries the value of the properties. The Cathedral enjoys income from Cathedral Close and is charged with the responsibility of its upkeep but is prevented from selling this property without the prior approval of the Church Commissioners.

Investment fund This fund carried the value of the Cathedral's investments. The capital within this fund should remain within the fund but income is credited to the general fund to defray the day to day expenses of the Cathedral.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 25 Financial statements for the year ended 31 December 2019

Notes to the financial statements

13 Funds (continued)

Restricted funds Balance at Gains/ Balance at 1 January Income and (losses) on 31 December 2019 endowments Expenditure Transfers Revaluation 2019 £ £ £ £ £ £ Non-fabric funds Friends of Cathedral Music 4,114 27 - - - 4,141 Brook Street 639,241 - - - - 639,241 Mrs Treacy's Legacy 61,524 2,550 (2,548) - 13,821 75,346 Church Commissioners: Section 21 grant - 120,683 (120,683) - - - Section 23 grant (18,814) 222,016 (240,469) - - (37,267) Wakefield Rent Deposit Scheme 57,876 284 - - - 58,160 Homeless Hospital Discharge 35,000 - - - - 35,000 Vestments Appeal 1,740 27 - - - 1,767 Cathedral Development (Project) - - (22,000) - - (22,000) Community Outreach and Education 4,388 18,444 (24,775) - - (1,943) Flower Fund 631 49 (77) - - 603 Servers Fund 2,462 13 - - - 2,475 Canon John Hudson Legacy for Music - 68,889 - - - 68,889 788,162 432,982 (410,552) - 13,821 824,413 Fabric funds

Chantry Chapel 35,588 348 (1,372) - - 34,564 35,588 348 (1,372) - - 34,564

Total restricted funds 823,750 433,330 (411,924) - 13,821 858,977

Friends of Cathedral Music Income from this fund is used to defray the expenses of the choristers and choir facilities.

Brook Street The income from this fund is used for educational purposes, particularly those of the choristers and Cathedral education. The capital within this fund is not available to the Cathedral.

Mrs Treacy's Legacy Both the income and the capital within this fund are available for the upkeep and development of Treacy Hall.

Section 21 grant Section 21 is a fund used by the Church Commissioners to pay the cathedral clergy stipends, national insurance and pensions.

Section 23 grant This grant has been overdrawn in order to fund the obligation under the defined benefit pension scheme (see note 19). The overdraft will be eliminated through future years' receipts of the grant.

Wakefield Rent Deposit Scheme This fund was supported by the Wakefield District Council. It received grants and donation to help access affordable housing options and providing a package of tailored support to make tenancies successful for homeless people without responsibility for children. This support usually included a bond guarantee to private landlords. In addition it included funding specifically for supporting young single people to secure private rented housing and funding for working with rough sleepers across the district. The Scheme was subsumed into a new Project not administered through the Cathedral on 01 April 2018 and staff transferred to this new Project. However, the balance of funds remain available to Chapter.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 26 Financial statements for the year ended 31 December 2019

Notes to the financial statements

13 Funds (continued)

Chantry Chapel The Cathedral has responsibility for the upkeep of the Chantry Chapel. Both the income and the capital within this fund are available for the upkeep and repair of the Chantry Chapel.

Cathedral Development (Project) This fund has been used to recognise the costs relating to a prospective development project. The fund was underwritten by the Brook Street Trust who agreed to lend up to £25,000 to help manage cash flow.

Homeless Hospital Discharge This is a fund to assist homeless people after a stay in hospital; the grant was received from the Department of Health.

Community Outreach and Education This is a fund to provide resourcing for education and outreach, workshops and events for groups of all ages from schools and youth through to adults.

Canon John Hudson Legacy for Music This fund is a bequest received from the estate of Canon John Hudson to support the cathedral’s provision of music.

Vestment, Flower and Server Funds These are small funds funded by donation for the specific purpose of providing vestments, flowers and server robes.

Unrestricted funds

Balance at Income Gains / Balance at 1 January and (losses) on 31 December 2019 endowments Expenditure Transfers revaluation 2019 £ £ £ £ £ £

General fund 95,471 550,305 (420,672) (137,500) 5,076 92,680 Revaluation reserve ------Total unrestricted funds 95,471 550,305 (420,672) (137,500) 5,076 92,680

This fund carried the day to day expenditure of the Cathedral. 2019 2018 £ £

Revaluation reserve 688,192 688,192

Designated funds

Balance at Income Gains / Balance at 1 January and (losses) on 31 December 2019 endowments Expenditure Transfers Revaluation 2019 £ £ £ £ £ £

Deans Discretionary Fund 42,773 - - 137,500 - 180,273 Total designated funds 42,773 - - 137,500 - 180,273

The Deans discretionary fund is comprised of funds released from the Music Trust, and Sick & Poor fund and is available for use towards any charitable purpose at the Deans discretion.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 27 Financial statements for the year ended 31 December 2019

Notes to the financial statements

14 Reconciliation of net expenditure to net cash flow from operating activities

2019 2018 £ £

Net expenditure for the reporting period (as per the SOFA) 151,039 58,028

Adjustments for: Investments - - (Increase)/decrease in stocks 1,935 (1,597) (Increase)/ decrease in debtors (8,707) 80,642 Increase/(decrease) in creditors (14,821) (15,148)

Net cash used by operating activities 129,446 121,925

15 Analysis of cash and cash equivalents

2019 2018 £ £

Cash in hand 259,030 117,266 Notice deposits (less than 3 months) 449,112 463,980

Total cash and cash equivalents 708,142 581,246

16 Transactions with the diocese

2019 2018 £ £

Financial Services 20,760 - Payment of Diocesan Common Fund - 64,535

The Cathedral and the diocese provided support to one another. During 2019 two clergy, whose stipends were paid by the diocese, spent some of their time carrying out duties at the Cathedral. The Cathedral also assisted the diocese in a number of ways through the work carried out by the Dean and the canons; no value has been placed on the value of this support.

17 Employees and clergy information

The average number of employees and office holders during the year was as follows:

2019 2018 No. No.

Clergy: full time 3 3 Lay: full time 8 7 Lay: part time 9 10 20 20 The 9 (2018 – 10) part-time posts are equivalent to 4 (2018 – 6) full-time posts.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 28 Financial statements for the year ended 31 December 2019

Notes to the financial statements

17 Employees and clergy information (continued)

The staff costs for the year relating to the above are:

2019 2018 £ £

Salaries and Stipends 350,654 357,534 Employer's NI 28,000 27,016 Pensions 50,591 41,937 429,245 426,487

None of the employees or clergy had emoluments over £60,000 for the year.

18 Chapter members remuneration and reimbursement of expenses

The following member of the Chapter received remuneration in respect of their services during the year:

Employer's Total Total Stipend NI Pension 2019 2018 £ £ £ £ £

The Very Reverend Simon Cowling 36,750 3,957 12,050 52,757 13,257

The Reverend Canon Tony Macpherson 19,577 1,547 6,691 27,815 39,707 The Reverend Canon L Vasey-Saunders 28,191 2,280 9,640 40,111 40,111 84,518 7,784 28,381 120,683 93,075

Their remuneration is in accordance with the scales laid down annually by the Church Commissioners, the Archbishops' Council and the Church of England Pensions Board. No supplement to the scales is paid by the Cathedral by way of either additional stipend or expense allowance.

No other members of Chapter were reimbursed for expenses incurred during the year.

19 Pension costs

Wakefield Cathedral (PB Classic) participates in the Pension Builder Scheme section of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers.

The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.

Pension Builder Scheme The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes.

Pension Builder Classic provides a pension for members for payment from retirement, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Bonuses may also be declared, depending upon the investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement.

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 29 Financial statements for the year ended 31 December 2019

Notes to the financial statements

19 Pension costs (continued)

Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable from members' Normal Pension Age.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This means it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are contributions payable.

A valuation of the scheme is carried out once every three years. The most recent scheme valuation completed was carried out as at 31 December 2016. For the Pension Builder Classic section, the valuation revealed a deficit of £14.2m on the ongoing assumptions used. At the most recent annual review, the Board chose not to grant a discretionary bonus, which will have acted to improve the funding position. There is no requirement for deficit payments at the current time.

For the Pension Builder 2014 section, the valuation revealed a surplus of £1.8m on the ongoing assumptions used. was valued in relation to the lump sum payable to members at normal pension age. There are no annual pension benefits. Pension Builder 2014 commenced in February 2014 so the first full valuation of that section will be carried out at the next CWPF valuation date, 31 December 2016.

The cost to the Cathedral for the year was £22,210 (2018: £20,037).

The Cathedral has agreed to provide a fixed (non index-linked) pension of £2,964 per annum to the retired employee, with a half pension to a surviving spouse. The net present value of the new pension arrangement at 31 December 2011 was approximately £45,000. This liability was included in creditors and charged against the Section 21 fund which will fund the pension. The liability as at 31 December 2019 is £15,851 (2018: £18,814).

The net present value has been calculated based upon the following assumptions:

Average male life expectancy (at age 65) 82 years Average female life expectancy 82 years 30 year treasury bond yield (discount rate) 4.30%

Due to the simplicity of the arrangement and the availability of relevant data, no actuarial input has been obtained. The assumptions will be revisited annually to ensure they remain appropriate.

At the year end the amount due and unpaid to the schemes by the Cathedral was £2,108 (2018 £1,987).

DocuSign Envelope ID: 17FD3955-F77D-4B5A-83D3-FE79F9D1C972

The Cathedral Church of All Saints, Wakefield 30 Financial statements for the year ended 31 December 2019

Notes to the financial statements

20 Related party transactions

Connected charities, over which the Chapter has no control, but from which the Cathedral derives a financial benefit, and whose results have not been included in the financial statements are: Friends of Wakefield Cathedral Friends of Chantry Chapel Wakefield Cathedral Music Trust

The Dean is a trustee of Wakefield Cathedral Music Trust and is a member of the Committee of Friends of Wakefield Cathedral.

Other charities administered by the Dean, where no benefit derives to the Cathedral, and which have not been included in the consolidated results: Jane Lectureship Sick and Poor Fund Sanderson Women’s Trust Lady Bolles Charity Shaw Poor Clergy

The Chapter enters into transactions on a regular basis with other autonomous organisations within the Church of England, for example the Central Board of Finance and the Church Commissioners. From time to time the Chapter members may serve on committees of other bodies. It is not considered appropriate to report the detail of such transactions since no person, or group of people, so serving have any significant influence over any material transactions.

There are no unusual transactions with such bodies in these financial statements.

Voluntary donations of an unrestricted nature totaling £141,000 (2018: £4,000) were made by members of Chapter and its committees in the year. For details of remuneration and expenses paid to members of chapter see note 18.

21 Future commitments

At 31 December 2019 the Cathedral had commitments under non-cancellable leases as follows:

2019 2018 Lease of office equipment £ £ Expiry date: Within one year - 492 Between one and five years - - - 492