## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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| |||||O||cjcj|||vj|||I|0|O
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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| ||||||||||||||||||||||||||||||0||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||E|||||||||||||||||||||| |||||||||||V||E
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