THE DEAN AND CHAPTER OF BRECON CATHEDRAL
Advance the Christian religion of the Church in Wales for the public benefit. Promote the mission of the Church in Wales in and through the Cathedral by promoting the statement of faith.Resource the Cathedral for future ministry and mission.Achieve and develop lay and ordained vocations that enable and equip ministers and laity in mission, education and evangelism.
Financial health, per its FY2024 accounts
The accounts state that the Charity recorded an operating deficit of £44,325 and a total net reduction in funds of £203,562 for the year ended 31 December 2024, driven by significant project expenditure and ongoing operational losses. The Trustees acknowledge that the underlying deficit is unsustainable and that the Charity will not be viable in the long term without additional funding from the Representative Body of the Church in Wales. Reserves are currently held at £90,178, which is below the stated policy target of six months' operating costs (£188,189).
What the accounts disclose
“The Charity Reserves Policy seeks to hold unrestricted cash reserves equivalent to six months’ operating costs at all times. Moving into 2025, this equates to £188,189. The actual figure held is £90,178. The Charity, therefore, is falling short of the sum required by £98,011” — page 26
“None of the trustees have been paid any remuneration or received any other benefits from employment with the charity or a related entity. Key management roles are undertaken by two Cathedral clergy, both of whom are all employed and paid for by the Representative Body of the Church in Wales.” — page 60
Trustees
- Gloria Jones Powell
- Nigel David Clubb
- Rev Jonathan Davies
- Rev Steven Ellsworth Griffith
- Richard John Verge
- THE VENERABLE ALUN JEVONS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £457k | £671k |
| 31/12/2023 | £287k | £429k |
| 31/12/2022 | £296k | £332k |
| 31/12/2021 | £382k | £305k |
| 31/12/2020 | £364k | £338k |
Common questions
Is THE DEAN AND CHAPTER OF BRECON CATHEDRAL financially healthy?
Per its FY2024 accounts: The accounts state that the Charity recorded an operating deficit of £44,325 and a total net reduction in funds of £203,562 for the year ended 31 December 2024, driven by significant project expenditure and ongoing operational losses. The Trustees acknowledge that the underlying deficit is unsustainable and that the Charity will not be viable in the long term without additional funding from the Representative Body of the Church in Wales. Reserves are currently held at £90,178, which is below the stated policy target of six months' operating costs (£188,189). Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 08/09/2022 | £2.2m | "People | Passion | Priory: Brecon Cathedral, the Heart and Soul of Community" |
| The National Lottery Heritage Fund | 29/11/2021 | £2k | "#15minutes2 Walk: The Brecon Story" |
| The National Lottery Heritage Fund | 23/02/2021 | £10k | "NL20: Enhancing BreconÂ’s Storytelling Skills - Training all to tell BreconÂ’s Stories" |