DURHAM CATHEDRAL ANNUAL REVIEW AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2020 Durham Cathedral, Accounts For the year ended 31 March 2020 Durham Cathedral is a ChrisIan Church oF the Anglican Communion, the shrine oF St Cuthbert and the seat oF the Bishop oF Durham. It is a focus of pilgrimage and spirituality in North East England. Our Purpose Our purpose is to worship God, share the gospel of Jesus Christ, welcome all who come, celebrate and pass on our rich Chris:an heritage and discover our place in God’s crea:on. Our Vision Following the example of Saints Cuthbert and Bede, we share our faith and heritage globally and empower people to transform the communi:es in which we live and serve. Our Place We inhabit a treasured sacred space set in the natural and human landscape of the World Heritage Site. What We Do Six areas of life, experienced as strands in a rope which, as they interweave, touch and support each other, make Durham Cathedral what it is today. 1. Worship and Spirituality We worship God through daily prayer and praise, and celebrate the contribu:ons of music and art to the spiritual life of the Cathedral. 2. Welcome and Care We welcome all who cross our threshold and express Chris:an care in all aspects of our life as a community. 3. Learning, Nurture and FormaIon We help people to encounter God and grow in faith and discipleship by offering opportuni:es for dialogue, learning and research. 4. Outreach and Engagement We work in ac:ve partnerships for the good of the Diocese and the communi:es of North East England and to contribute to Durham’s flourishing and significance. 5. Buildings, Treasures and Environment We conserve, develop and interpret our buildings, environment and historic collec:ons, while respec:ng the Church as a place of prayer. 6. Finance and Stewardship 2 Durham Cathedral, Accounts For the year ended 31 March 2020 We steward our resources prudently, generously and ethically to sustain our ac:vi:es and provide extensive public benefit. Our Values In all things, we are inspired, mo:vated and challenged by the Chris:an faith and the values of the Gospel. Spirituality We recognise and respond to God’s presence in our world and among us, prac:cing a reflec:ve approach to what we do. Respect We recognise the image of God in all human beings, honour their dignity and treat them with courtesy. Jusce We deal fairly in our personal and collec:ve behaviours, work to the highest ethical standards, and are honest in our speech and behaviour. We think, speak and act with integrity, are professional in our conduct, and are publicly accountable for our ac:ons. Collaboraon We are a community founded on trust that prizes team working and builds partnerships that contribute to the common good. Sustainability We are business-like in our corporate life and prudent in our stewardship of resources. We pursue the sustainability of our opera:ons and environment. Welcome We are welcoming and hospitable to all. We show Chris:an love and care to our guests and those who need our help. AspiraIon We are an outward-facing Cathedral that reaches for the future with energy and courage, and reaches out to our communi:es in the hope of personal and social transforma:on. Constuon The Cathedral is governed by the Cons:tu:on and Statutes of the Cathedral Church of Christ, Blessed Mary the Virgin and St Cuthbert of Durham, which were most recently amended on 1 May 2015. The Chapter The members during the year were: The Very Revd. Andrew Tremle\ The Dean The Revd. Canon Michael Hampel The Revd. Canon Charlo\e Allen The Revd. Canon Michael Everi\ Canon Pastor, installed 22 September 2019 Canon Catherine Barnes The Revd. Canon Sophie Jelley Le4 25 March 2020 to be consecrated as Bishop of Doncaster The Revd. Canon Professor Simon Oliver Canon Ivor Stolliday Canon Treasurer, rered 9 April 2019 Canon Andrew Thurston Canon Treasurer, installed 10 March 2019 Canon Simon Wood 3 Durham Cathedral, Accounts For the year ended 31 March 2020 Members of the Chapter are also the Governors of The Chorister School. Senior Office Holders Ms. Amanda Anderson Chapter Clerk & Chief Opera:ng Officer Senior Office Holders (conInued) Mrs. Jayne Manns Director of Finance Mr. Ian Wicks Headmaster of the Chorister School Mr. Daniel Cook Organist and Master of the Choristers The Cathedral Council The members during the year were: Canon Paul Chandler Chairman The Right Revd. Paul Butler The Bishop of Durham (non-vong) The Very Revd. Andrew Tremle\ The Dean (ex-officio) Canon Ivor Stolliday (resigned 9 April 2019) Chapter Representa:ve The Revd. Canon Alec Harding College of Canons Representa:ve The Revd. Canon Judith Hirst College of Canons Representa:ve Dr Patrick Gray Durham University Representa:ve Miss Faye Dufferwiel Cathedral Community Representa:ve Mr. Richard Hilton Cathedral Community Representa:ve Mr. Khaiko Makwela-Wali Cathedral Community Representa:ve Dr Maria Cockerill Co-opted Members Mrs. Kate Fenwick Co-opted Members Mr. Roger Kelly (deceased 12 April 2019) Co-opted Members Mr. Simon S:ll Co-opted Members Ms. Amanda Anderson Secretary The College of Canons The members during the year were: The Very Revd. Andrew Tremle\ The Dean The Revd. Canon Charlo\e Allen Canon Catherine Barnes The Revd. Canon Michael Everi\ Canon Pastor, installed 22 September 2019 The Revd. Canon Michael Hampel The Revd. Canon Sophie Jelley Le4 25 March 2020 to be consecrated as Bishop of Doncaster The Revd. Canon Professor Simon Oliver Canon Ivor Stolliday Resigned 9 April 2019 Canon Andrew Thurston Canon Simon Wood The Revd. Canon Stuart Bain The Revd. Canon Sheila Bamber 4 Durham Cathedral, Accounts For the year ended 31 March 2020 The Revd. Canon Dr Alan Bartle\ The Revd. Canon Janet Burbury The Revd. Canon Graeme Bu\ery Canon Paul Chandler The Right Revd. Sarah Clark Bishop of Jarrow The Venerable Robert Cooper Archdeacon of Sunderland The Revd. Canon Caroline Dick The Revd. Canon Raymond Dick Re=red 24 April 2019 The Revd. Canon Vince Fenton The Revd. Canon Adrian Gatrill The Revd. Canon David Glover The Revd. Canon Jane Grieve The Revd. Canon Alec Harding Canon Dr James Harrison The College of Canons (connued) The Revd. Canon Judith Hirst The Revd. Canon Marilyn Jamieson The Revd. Canon Colin Jay Canon Susan Marshall Canon Dr Margaret Masson The Revd. Canon Heather Murray Canon Andrew Rogers The Revd. Canon John Ruscoe The Revd. Canon Valerie Shedden The Revd. Canon Dr Norman Shave The Venerable Richard Simpson Archdeacon of Auckland Canon Professor Michael Snape The Revd. Canon Dorothy Snowball The Revd. Canon David Tomlinson The Revd. Canon Paul Tyler Canon Margaret Vaughan The Revd. Canon Elizabeth Wilkinson Installed 23 June 2019 The Revd. Canon Keith Woodhouse The Revd. Canon Caroline Worsfold Ms. Amanda Anderson Secretary Resources CommiVee The members during the year were: Canon Ivor Stolliday Chairman, Resigned 9 April 2019 Canon Catherine Barnes Interim Chairman, Appointed 9 April 2019 Canon Andrew Thurston Chairman, Appointed 3 September 2019 The Very Revd. Andrew Tremle\ The Dean The Revd. Canon Charlo\e Allen Ms. Amanda Anderson Chapter Clerk & Chief Opera:ng Officer The Revd. Canon Michael Everi\ Appointed 31 October 2019 The Revd. Canon Michael Hampel Mr. Ian Hunter Head of HR and OD Mrs. Jayne Manns Director of Finance Mr. Ian Wicks 5 Durham Cathedral, Accounts For the year ended 31 March 2020 Miss Faye Dufferwiel Secretary Fabric Advisory CommiVee The members during the year were: Mr. Humphrey Welfare Chairman Mr. Andrew Boyce Dr. Mary Brooks Ms. Sarah Brown Mr. David Carrington Mr. Hugh Dixon Resigned May 2019 Mr. Colin Haylock Dr Julian Luxford Mr. Mar:n Roberts Mrs. Katharine Smith Secretary, resigned 24 July 2019 Mr. Garry Haynes Secretary, appointed 24 July 2019 Audit and Risk CommiVee The members during the year were: Canon Paul Chandler Chairman Canon Catherine Barnes Dr Maria Cockerill Resigned June 2020 The Revd. Canon Michael Everi\ Appointed 31 October 2020 Mr. Simon S:ll Canon Andrew Thurston Miss Faye Dufferwiel Secretary Investment Commiee The members during the year were: Mr. Simon S:ll Chairman The Very Revd. Andrew Tremle\ The Dean Amanda Anderson The Hon James Ramsbotham Canon Ivor Stolliday Resigned 9 April 2019 Mr. Harry Swan Canon Andrew Thurston Mr. Luke Busbridge Mr. John Newlands Mrs. Jayne Manns Secretary 6 Durham Cathedral, Accounts For the year ended 31 March 2020 Title: The Cathedral Church of Christ Blessed Mary the Virgin and St Cuthbert of Durham. Address The Cathedral Office Investment Cazenove Capital Management The College managers Limited Durham 12 Moorgate DH1 3EH London EC2R 6DA Auditors UNW LLP Rathbone Investment Citygate Management Limited St James’ Boulevard 1 Curzon Street Newcastle upon Tyne London NE1 4JE W1J 5FB Bankers Barclays Bank plc Solicitors Swinburne Maddison LLP Barclays House Venture House 5 St Ann’s Street Aykley Heads Business Centre Quayside Durham Newcastle upon Tyne DH1 5TS NE1 3DX Insurers Ecclesias:cal Insurance Cathedral Mr. Chris Co\on RIBA AABC Office plc Architect Purcell Beaufort House 29 Marygate Brunswick Road York Gloucester YO30 7WH GL1 1JZ 7 Durham Cathedral, Accounts For the year ended 31 March 2020 Index Page(s) The Chapter’s annual report 9 – 18 - Financial review 19 – 23 - Statement of the Chapter’s responsibili:es 23 - 24 Report of the Auditors 25 – 27 Consolidated statement of financial ac:vi:es 28 - 29 Consolidated balance sheet 30 - 31 Charity balance sheet 32 - 33 Consolidated statement of cashflows 34 Notes to the accounts 35 - 68 Definions DCT Durham Cathedral Trading Limited DCOT Durham Cathedral Open Treasure Limited FY19 Financial year ended 31 March 2019 FY20 Financial year ended 31 March 2020 PYA Prior year actual 8 Durham Cathedral, Accounts For the year ended 31 March 2020 THE CHAPTER’S ANNUAL REPORT The Chapter presents its report and the Cathedral’s audited financial statements for the year ended 31 March 2020.