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2021-03-31-accounts

note 3.Outlined
below		 is how the expendi ture
in th		 e year supporting
the		 key activities
has be		 key activities
has be		 en sourced. en sourced.
Charitable
Activity		 Total
Expenditure		 Funded
from
specific
income		 Funded
by
general
income
OOOO EOOO EOOO
Clergy Support 1,390 175 1,215
Pastoral Work 4,950 391 4,559
Education 829 396 433
Property Diocese/Parish 1,991 125 1,866
School Building work
Cost ofcharitable
activities		 9,163 1,087 8,076

Unrestricted funds Restricted 202I 2020
Parish Centt.a/ Funds Total Total
Income Notes fOOO 6000 6000 6000 rood
Income fiom donations
Legacies
Income from charitable
activities		 4,108
318
91		 266 190
120
174		 4,564
438
265		 7,434
365
729
Investment
income		 365 736 73 1,174 2,122
Coronavirus
Job Retention		 Scheme 220 220
Other income 86 166 379 631 919
Total income 4,968 1,168 1,156 7,292 11,569
Expenditure
Expenditure
on charitable activities:
Clergy support
Pastoral
Education
Propnty		 581
3,254
1,342		 610
1,329
433
527		 175
391
396
125		 1,366
4,974
829
1,994		 1,476
6,566
934
2,937
Total expenditure
on charitable		 aclivities 5,177 2,899 1,087 9,163 11,913
Expenditure
on iatsmg funds		 6(b) 17 215 119 351 355
Total expenditure 5,194 3,114 1,206 9,514 12,268
Net expenditure (226) (1,946) (50) (2,222) (699)
Gams/(losses)
on mvestment		 assets:
Realised
Unreatisrd
Gains/(Losses)
on revaluation		 ofinvestment properties 81 3,309
2,441		 1,178
633		 4,487
3,074
81		 842
(4,280)
(24)
Revaluation oftixed assets
Transfers
between
funds		 held for disposal 352
(957)		 860 97 352 (14)
Net gain/(loss)/
on disposal		 oftixed assets (3) 1,185 1,182 (172)
Net movementin
funds
Fund balances at I Apnl		 21 ('753)
61,216		 5,849
20,296		 1,858
9,760		 6,954
91,272		 (4,347)
95,619
Fund balances at 31March 21 60,463 26,145 11,618 98,226 91,272

2021 2020
Notes OOOO $000
Fixedassets
Tangible assets 8 33,356 32,092
Investments 9 41,821 39,387
Investment properties 10 1,669 1,469
76,846 72,948
Current assets
Debtors 16 2,173 2,525
Short term deposits 17 3,422 2,061
Short term deposits —Schools projects 2,000 2,000
Unsecured short term loans 242 274
Cash at bank and in hand 17,168 16,253
Cash at bank —Schools projects 5,078 3,828
30,083 26,941
Creditors: amounts falling due within one year 19 8,703 8,617
Net current assets 21,380 18,324
Total assets less current liabilities 98,226 91,272
Net assets 98,226 91,272
Represented
by:
Restricted
fund		 11,618 9,760
Unrestricted parish funds 60,463 61,216
Unrestricted central funds 26,145 20,296
Total funds 21 98,226 91,272

2021 2020
Notes $000 $000
Net cash (outfiovv) from operating activities 20 (2,267) (3,458)
Investing activities
Income trom investments 1,174 2,069
Payments
to acquire tangible
fixed
Receipts from the sales oftangible		 assets
fixed assets		 (2,155)
1,473		 (1,518)
395
Payments
to acquire investments
Receipts from sales ofinvestments		 (36,580)
41,707		 (12,934)
18,052
Payments to acquire investment
properties		 (3)
Unsecured short term loans repaid/(advanced) 177 (32)
5,793 6,032
Increasef(Decrease)
in cash and		 cash equivalents 20 3,526 2,574
Cash and cash equivalents
at 1April 2020		 20 24,142 21,568
Cash and cash equivalents
at31		 March 2021 20 27,668 24,]42

Unrestricted funds Restricted 2021 2020
Parish Centi'al Funds Total Total
fOOO $000 OOOO $000 fOOO
Income arising from:
investment
properties		 88 75 163 90
Listed investments 75 526 73 674 927
Direct lending
investments		 45 45 148
Cash deposits held as investments 2 90 92 239
Income from functional assets 200 200 718
365 736 73 1,174 2,122

Unrrslocled funds Restricted 202/ 2020
Notes
Clergy support		 Parish
f000		 Central
6000		 Funds
2000		 Total
6000		 Tom l
t000
Clergy costs
Support ofretired clergy
Clergy Training
Fund
Managed
Fund
Grants and donations
Salartm met from CJRSGrant
Share ofcennal support costs		 5
7
4(a)		 605 378
54
178		 156
7
3
3
6		 983
54
156
7
3
3
184		 985
49
215
7
23
197
605 610 175 1,390 1,476
Pastoral
Church
running
costs
Other parish costs
Grants and donations
Vicariate for Faith and Mission
Faith a Mission: Youth Service
Faith BiMission: Youth Sovice donation
Vocations commission
Safeguarding
commission
University
Chaplaincy
work
Vicariate for Caiitas
Diocesan Tribunal
Department
for Communications
Pastoiel Provision
for Deaf People
Marriage care
Diocesan events
Northon
Catholic Calendar
Newcastle
City Centre Ministry
Icurd as Pit Bit mage
Pastoral Development
and Renewal		 5
5		 2,683
484
63		 424
89
255
2
153
60
121
7
I
10
I
22
7		 149
27
2
15		 2,683
484
636
89
255
2
153
60
121
7
I
IO
I
22
34
2
15		 3,695
461
732
116
194
535
8
236
92
72
8
46
I
10
14
23
134
Salaries met from CJRS Grant
Share ofcentral support costs		 7
4(a)		 177 198 198
177		 189
3230 1,329 391 4,950 6,566
Education
Education service
Schools chaplamcy
CES gmnt
Salaries met from CJRS Giant
Share ofcential support costs		 5
7
4(a)		 197
5
53
178		 379
17		 576
5
53
17
178		 677
16
53
188
433 396 829 934
Property
Repair ofpartsh propoty
Diocesan property oftice
Diocesan resource centre
School buildmg
costs
Depreciation
charges
Salanes met from CJRS Grant
Share ofcentral support costs		 7
4(a)		 762
3
577		 181
56
112
178		 123 885
181
56
3
689
2
178		 1,686
210
57
121
674
189
1,342 527 125 1,994 2,937
Total cost ofcharitable
activities		 4(b) 5,177 2,899 1,087 9,163 11,913

central support co sts in Unrestricted
fun		 ds
Staff Other 2021 2020
costs costs Total Total
$000 f000 $000 6000
Episcopal office 50 125 175 191
Finance, HR, Data Protection,
Communications		 266 22 288 232
Governance
costs, note 6(a)		 134 5 139 224
Diocesan office overheads 3 106 109 107
453 258 711 754
Apportioned
to charitable		 activities:
Clergy support
Pastoral		 (25%)
(25%)		 113
113		 65
64		 178
177		 188
189
Education (25%) 114 64 178 188
Property (25%) 113 65 178 189
453 258 711 754

Staff Other 2021 2020
costs costs Total Total
$000 $000 $000 f000
Clergy support 117 1,273 1,390 1,476
Pastoral 1,101 3,849 4,950 6,566
Education 638 191 829 934
Property 297 1,697 1,994 2,937
2,153 7,010 9,163 11,913

During
the year the Ch		 a ritable Compa ny
made a large number ofdonation		 s,
as described below:
202l 2020
fOOO fOOO
Bishop's charities
Catholic Agency for Social Concerns
National
Catholic Fund		 11
3
92		 6
3
104
National
Catholic Fund
Domestic grants
Citizens UK
Catholic Youth
Youth Ministry Trust		 re IICSA 26
3
10
4		 22
4
10
20
535
Sursum Corda 145
Lay Training
Fund
Apostleship
ofthe Sea
Holy Places
Peter's Pence
Racial Justice
Sick and Retired Priests NBF
World Communications
Day for Life
Home Mission
World Mission
Other Mission Charities
CAFOD Development
and emergency		 aid 23
7
11
28
3
3
3
3
6
6
30
45		 33
25
24
20
9
24
15
17
17
19
87
117
Other smaller grants 230 232
Total group charitable grants and donations 692 1,343
These are included
in charitable		 activities (note 3)as follows:
Clergy support 3 23
Pastoral
Education		 636
53		 1,267
53
692 1,343
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Wages and Staff costs
Included
in expenditure
are the following staff costs:
2021 2020
$000 t'000
Wages and salaries
Social security costs		 1,886
120		 2,005
143
Other pension costs 147 139
Total remuneration 2,153 2,287
The income was treated as restricted
funds, with th
allocated as follows:		 e related expenditure
treated as restricted
$000
Clergy Support 3
Pastoral 198
Education 17
Property 2
220
All staf f on furlo ugh
received
100sgo		 ftheir salary, irrespective oft he
level of		 CJRS Grant paid.
2021 2020
Number of Number of
employees $000 employees f000
Central
Parishes		 Diocesan services 44
103		 1,534
619		 43
129		 1,598
689
147 2,153 172 2,287

Fixtures,
Freehold Motor fittings and
property vehicles equipment Total
f000 $000 $000 6000
Cost:
At 1 April 2020
Additions
Disposals
Transfer to Investment		 Property 45,674
2,097
(129)
(180)		 36 3,452
58		 49,162
2,155
(129)
(180)
At 31 March 2021 47,462 36 3,510 51,008
Accumulated
depreciation:
At
1 April 2020
Charge for the year		 14,073
588		 18
5		 2,979
96		 17,070
689
Disposals
Transfer to Investment		 Property (43)
(64)		 (43)
(64)
At 31 March 2021 14,554 23 3,075 17,652
Net book value:
At 31March 2021 32,908 13 435 33,356
At 31 March 2020 31,601 18 473 32,092

2027 2020
Notes $000 fOOO
Quoted investments:
Investment
fund		 12 26,772 22,738
Managed
fund		 13 8,593 7,257
Total quoted investments 35,365 29,995
Investment
in Sursum Corda Limited		 14 250 250
Fixed investment
deposits
Direct lending
investments		 5,000
1,206		 7,150
1,992
41,821 39,387
202I 2020
OOOO fOOO
Investment
categories (quoted investments):
Conventional
gilts
UK fixed interest		 419
882		 3,544
891
UK equities 7,612 10,003
Overseas equities 26,193 15,219
Property 259 338
35,365 29,995

Investment
propert		 ies
Diocesan Parishes
Central unrestricted 202l 2020
fund fund Total Total
$000 $000 $000 f000
Market value:
At I April 2020 377 1,092 1,469 1,581
Additions 3 3
Transfer from Fixed Assets 116 116 37
Unrealised
gains on revaluation		 81 81
Other adjustments (149)
At 31March 2021 377 1,292 1,669 1,469
Book cost ofinvestment property:
At 31 March 2021 223 643 866 747

12. Investment Investment fund
202l 2020
f000 $000
At 1 April 2020 22,738 25,478
Additions 27,635 9,513
Disposals (25,940) (9,280)
Net unrealised
investment		 gains/(losses) 2,339 (2,973)
Market value ofquoted investments at 31March 2021 26,772 22,738
Bookcost ofquoted investments as at 31March 2021 23,032 20,970
Comprising at 31March:
202/ 2020
Cost Unrealised Total Total
$000 $000 f000 $000
CCLA 23,032 3,740 26,772 22,738
13. Managed fund
202/ 2020
$000 f000
At 1 April 2020 7,257 8,068
Additions 8,946 3,060
Disposals (8,244) (2,927)
Net unrealised
investment		 gains/(losses) 634 (944)
Market value ofquoted investments as at 31March 2021 8,593 7,257
Book cost ofquoted investments as at 31March 2021 7,403 6,669
Compristng at 31March:
202/ 2020
Cost Unrealised Total Tata I
f000 $000 $000 $000
CCLA 7,403 1,190 8,593 7,257

Financi al
infor		 mation relating to these companies
is		 as follows:
Net movement
in funds Reserves
F000 f000
Sursum Corda Limited (31 March 2020) (12) 175
Youth Ministry Trust (31August 2020) 377 (193)

At 31March 2021 th e fund comprised:
Initial
costplus
reinvested Market
gains value
Note $000 f000
Quoted investments
Cash at HSBC		 13
17		 7,403
838		 8,593
838
Value ofinvestment at 31March 2021 8,241 9,431

This fund is app ortion ed
as follows:
Initial Market Number
cast value ofUnits
31/3/21 31/3/21 31/3/21
OOOO $000
Special donation balances;
Historical Mass Fund 213 899 93,262
Diocesan Designated Fund 103 414 42,976
Parishes Designated Fund 427 3,721 385,940
Restricted Fund 107 737 76,464
Clergy Training Fund 1,218 2,950 306,035
Lay Training
Fund		 50 74 7,704
2, 118 8,795 912,381
Church funds balances:
Historical Mass Fund 45 130 13,461
Diocesan Designated Fund 35 103 10,639
Parishes Designated Fund 16 38 3,931
Restricted Fund 130 365 37,842
226 636 65,873
Total Managed Fund 2,344 9,431 978,254
Debtors
2021 2020
OOOO OOOO
Trade debtors 265 104
Taxation repayments 674 949
Accrued investment income 102 102
Other debtors 149 355
Prepayments 581 760
Assets held for disposal 402 255
Total debtors at31 March 2,173 2,525

This includes cas h held awaiting
investment.
2021 2020
f000 f000
Diocesan Central Fund:
HSBC, managed by CCLA 2,584 1,513
Managed
Fund:
HSBC, managed by CCLA 838 548
Total short term deposits at31March 3,422 2,061

2021 2020
$000 f000
Loans to Priests 18 27
Other loans 224 247
Total short term loans at 31March 242 274

Creditors: amo unts
falling due within one year
2021 2020
f000 f000
Sundry creditors 683 281
Accruals 147 163
School grants received in advance 6,614 6,758
Deposits repayable on demand 1,259 1,415
8,703 8,617

2021 2020
$000 f000
Net (expenditure)
Depreciation
and assets written off		 (2,222)
689		 (699)
674
(Decrease)/increase
Decrease in debtors		 in impairment ofloan to group company (145)
499		 597
133
Increase/(decrease)
Investment
income		 in creditors 86
(1,174)		 (2,041)
(2,122)
Net cash (outflow) from operating activities (2,267) (3,458)

1April 31March
2020 Cash flows 2021
f000 f000 $000
Cash
Short		 at bank and in hand
term deposits		 20,081
4,061		 2,165
1,361		 22,246
5,422
Cash and cash equivalents 24,142 3,526 27,668
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