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2022-03-31-accounts

Charitable
Activity		 Total
Expenditure		 Funded from
specific
income		 Funded
by
general
income
8000 8000 8000
Clergy Support 1,470 233 1,237
Pastoral Work 5,536 425 5,111
Education 869 367 502
Properly Diocese/Parish 2,201 112 2,089
School Building work
Cost ofcharitable
activities		 10,081 1,137 8,944

Unrestricted funds Resirrcred 2022 202i
Parish Central Funds Total Total
Notes 6000 $000 6000 6000 6000
Income
Income from donations 5,352 452 469 6,273 4,564
Legacies 487 16 96 599 438
Income from charttable activities 141 162 303 265
Investment
income		 404 744 306 1,454 1,174
Coronavirus
Job Retention		 Scheme 220
Other income 614 225 367 1,206 631
Totalincome 6,998 1,437 1,400 9,835 7,292
Expenditure
Expenditure
on chantable		 activities: 3
Clergy support 681 556 233 1,470 1,366
Pastoral 3,773 1,338 425 5,536 4,974
Education 502 367 869 829
Properly 1,469 625 112 2,206 1,994
Total expenditure
on charitable		 activities 5,923 3,021 1,137 10,081 9,163
Expenditure
on raising funds		 6(b) 12 231 18 261 351
Total expenditure 5,935 3,252 1,155 10,342 9,514
Net Incomet(expendi turn) 1,063 (1,815) 245 (507) (2,222))
Transfers
between
funds		 (3)
Gains/(losses)
oninvestment		 assets:
Realised (17) 48 423 454 4,487
Unrealised
Gains on revaluation of		 investment properties 321 2,756 269 3,025
321		 3,074
81
Revaluation offixed assets held for disposal 183 183 352
Net (loss)/gam
on disposal		 offixed assets (123) (123) 1,182
Net movementin
funds		 1,427 986 940 3,353 6,954
Fund balances
at I April		 21 60,463 26,145 11,618 98,226 91,272
Fund balances al 31 March 21 61,890 27,131 12,558 101,579 98,226

2022 202l
Notes 6000 $000
Fixed assets
Tangible assets 8 33,608 33,356
Investments 9 44,630 41,821
Investment properties 10 2,058 1,669
80,296 76,846
Current assets
Debtors 16 2,200 2,173
Debtors —Schools projects 90
Short term deposits 17 2,594 3,422
Short term deposits —Schools projects 1,000 2,000
Unsecured short term loans 18 207 242
Cash at bank and in hand 19,407 17,168
Cash at bank —Schools projects 1,506 5,078
27,004 30,083
Creditors: amounts falling due within one
year 19 5,721 8,703
Net current assets 21,283 21,380
Total assets less current liabilities 101,579 98,226
Net assets 101,579 98,226
Represented
by:
Restricted
fund		 12,558 11,618
Unrestricted parish funds 61,890 60,463
Unrestricted central funds 27,131 26,145
Total funds 21 101,579 98,226

2022 202)
Notes $000 t:000
Net cash (out(love) from operating activities 20 (4,625) (2,267)
Investing activities
Income from investments 1,454 1,174
Payments
to acquire tangible fixed assets
Receipts from the sales oftangible
fixed assets		 (1,277)
532		 (2,155)
1,473
Payments
to acquire investments
Receipts from sales ofinvestments		 (19,518)
20,237		 (36,580)
41,707
Payments
Unsecured		 to acquire investment
properties
short term loans repaid		 35 177 (3)
1,463 5,793
(Decrease)/Increase
in cash and cash equivalents		 20 (3,162) 3,526
Cash and cash equivalents
at 1April		 20 27,668 24,142
Cash and cash equivalents
at 31March		 20 24,507 27,668

investment
income
Unrestricted funds Restricted 2022 202l
Parish Central Funds Total Total
OOOO OOOO $000 OOOO OOOO
income arising from:
Investment
properties		 404 63 467 163
Listed investments 480 306 786 674
Direct lending
investments		 5 5 45
Cash deposits held as investments 196 196 92
Income from functional assets 200
404 744 306 1,454 1,174

Unrestncied funds Restricted 2022 2021
Pnrtstt Central Funds Total Total
Ncies $000 s'OOO ZOOO fOOO fOOO
Clergy support
Clergy costs 681 190 871 983
Support ofretired clergy 104 104 54
Clergy Traming
Fund		 233 233 156
Managed
Fund		 7
Grants and donations 5 3
Salaries met from CJRSGrant 7 3
Share ofcentral support costs 4(a) 262 262 184
681 556 233 1,470 1,390
Pastoral
Church
runnmg
costs		 3,652 3,652 2,683
Other pansh costs 118 118 484
Grants and donations 5 3 139 423 565 636
Vicariate for Faith and Mission
FaitheMission. Youth Service		 133
265		 133
265		 89
255
Faith e Mission: Youth Service donation 5
Vocations commission 3 3 2
Safeguarding
commission		 175 175 153
University
Chaplamcy		 work 95 95 60
Vicariate for Caritas 202 202 121
Diocesan Tnbunal 8 8 7
Department
for Communications
Pastoral Provision for Deaf People 1
Marriage care 10 10 10
Diocesan events 8 8 1
Northern
Catholic Calendar		 23 23 22
Newcastle
City Centre		 Mmistry 15 15 34
Lourdes Pilgrimage 2 2
Pastoral Development and Renewal 15
Salaries met from CJRS Grant 7 198
Share ofcentral support costs 4(a) 262 262 177
3,773 1,338 425 5,536 4,950
Education
Education service 234 367 601 576
Schools chaplaincy 6 6 5
CES grant 5 53
Salaries met from CJRS Grant 7 17
Share ofcentral support costs 4(a) 262 262 178
502 367 869 829
Property
Repair ofpansh properly 871 112 983 885
Diocesan property
office		 210 210 181
Diocesan resource centre 44 44 56
School buildmg
costs		 5 5 3
Depreciation
charges		 593 109 702 689
Salaries met from CJRSGrant 7 2
Share ofcentral support costs 4(a) 262 262 178
1,469 625 112 2206 1,994
Total costofcharitable activities 4(b) 5,923 3,021 1,137 10,081 9,163

.central s upport co sts in Unrestricted
fu		 nds
stuff Other 2022 2021
COSSS costs Total Total
f000 6000 6000 6000
Episcopal office 56 72 128 175
Finance, HR, Data Protection, Communications 285 117 402 288
Governance costs, note 6(a) 137 244 38] 139
Diocesan office overheads 6 131 137 109
484 564 1,048 711
Apportioned to charitable activities:
CIergy support (25%) 121 141 262 178
Pastoral (25%) 121 141 262 177
Education (25%) 121 141 262 178
Property (25%) 121 141 262 178
484 564 1,048 711

Staff Other 2022 2021
costs costs Total Total
6000 6000 $000 6000
Clergy support 152 1,318 1,470 1,390
Pastoral 1,092 4,444 5,536 4,950
Education 624 245 869 829
Property 323 1,883 2,206 1,994
2,191 7,890 10,081 9,163

2022 202I
f000 OOOO
Bishop's charities 7 11
Catholic Agency for Social Concerns 3 3
National
Catholic Fund		 75 92
National
Catholic Fund		 re IICSA 31 26
Domestic grants 1 3
Citizens UK 10 10
Catholic Youth 1 4
Youth Ministry
Trust
Sursum
Corda		 145
Lay Training
Fund		 7 23
Apostleship
ofthe Sea		 1 7
Holy Places 9 11
Peter's Pence 17 28
Racial Justice 4 3
Sick and Retired Priests NBF 3
World Communications 7 3
Day for Life 9 3
Home Mission 9 6
World Mission 1 6
Other Mission Charities 2 30
CAFOD Development and emergency aid 4 45
Other smaller grants 367 230
Total group charitable grants and donations 565 692
These are included in charitable activities (note 3)as follows:
Clergy support 3
Pastoral 565 636
Education 53
565 692
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Wages and Staff costs
Included
in expenditure
are the following staff costs:
2022 2027
OOOO OOOO
Wages and salaries 1,910 1,886
Social security costs 136 120
Other pension costs 145 147
Total remuneration 2,191 2,153
fOOO
Clergy Support
Pastoral 32
Education 2
Property
34
34
All staff on furlough received 100skoftheir salary, irrespective ofthe level of CJRS Grant paid.
2022 2021
Number of Number of
employees fOOO employees $000
Central Diocesan services 46 1,603 44 1,534
Parishes 105 588 103 619
151 2,191 147 2,153

Fixtures,
Freehold Motor fittings and
property vehicles equipment Total
OOOO OOOO $000 OOOO
Cost:
At I April 2021 47,462 36 3,510 51,008
Additions 1,118 159 1,277
Disposals (325) (325)
Transfer to Investment Property (226) (226)
At 31 March 2022 48,029 36 3,669 51,734
Accumulated
depreciation;
At I April 2021 14,554 23 3,075 17,652
Charge for the year 599 4 105 708
Disposals (92) (92)
Transfer to Investment Property (142) (142)
At 31 March 2022 14,919 27 3,180 18,126
iqet book value:
At 31 March 2022 33,110 9 489 33,608
At 31March 2021 32,908 13 435 33,356

2022 2021
Notes OOOO 5000
Quoted investments:
Investment
fund		 12 29,058 26,772
Managed
fund		 13 11,046 8,593
Total quoted investments 40,104 35,365
Investment
in Sursum Corda Limited		 14 250 250
Fixed investment deposits 3,548 5,000
Direct lending
investments		 728 1,206
44,630 41,821
2022 2021
$000 $000
Investment
categories (quoted investments):
Main Fund:
Conventional
gilts		 337 419
UK fixed interest 1,408 882
UK equities 5,451 7,612
Overseas equities 20,905 26,193
Property 957 259
Managed Fund:
Catholic Investment Fund 11,046
40,104 35,365

Diocesan Parishes
Central unrestricted 2022 2021
fund fund Total Total
5000 $000 $000 $000
Market value:
At I April 2021 377 1,292 1,669 1,469
Additions 3
Disposals (17) (17)
Transfer from Fixed Assets 85 85 116
Unrealised gains on revaluation 321 321 81
Other adjustments
At 31 March 2022 377 1,681 2,058 1,669
Book cost ofinvestment property:
At 31 March 2022 200 1,859 2,059 866

12. Investment Investment fund
2022 2021
$000 OOOO
At 1 April 2021 26,773 22,738
Additions 8,551 27,635
Disposals (9,051) (25,940)
Net unrealised investment gains 2,785 2,339
Market value ofquoted investments at 31 March 2022 29,058 26,772
Book cost of quoted investments as at 31 March 2022 25,737 23,032
Comprising at 31 March:
2022 2021
Cost Unrealised Total Total
$000 4'000 $000 $000
CCLA 25,737 3,321 29,058 26,772
13. Managed fund
2022 2021
$000 OOOO
At 1 April 2021 8,593 7,257
Additions 10,967 8,946
Disposals (8,783) (8,244)
Net unrealised investment gains 269 634
Market value ofquoted investments as at 31 March 2022 11,046 8,593
Book cost ofquoted investments as at 31 March 2022 10,777 7,403
Comprising at 31 March:
2022 2021
Cost Unrealised Total Total
5000 f000 $000 5000
CCLA 10,777 269 11,046 8,593

Financi al
infor		 mation
relating to these companies
is		 as follows:
Net movement
in funds Reserves
$000 f000
Sursum Corda Limited (31 March 2022) (19) 287
Youth Ministry Trust (31August 2021) 103 (90)

At 31 March 2022 th e fund comprised:
Jnitiel
cost plus
reinvested Market
gains value
Note $000 $000
Quoted investments 13 10,777 11,046
Cash at HSBC 17
Value ofinvestment at31triarch 2022 10,777 11,046

This fund is apportio ned
as follows:
lnitia! Market Number
cost value ofUnits
31/3/22 31/3/22 31/3/22
OOOO k'OOO
Special donation
balances:
Historical
Mass Fund
Diocesan Designated
Fund		 215
103		 1,012
486		 93,543
42,976
Parishes Designated Fund 428 2,011 385,948
Restricted Fund 107 503 76,546
Clergy Training
Fund		 1,218 5,734 306,035
Lay Training
Fund		 50 236 7,704
2,121 9,982 912,752
Church
funds balances:
Historical Mass Fund 45 213 13,611
Diocesan Designated Fund 35 165 10,639
Parishes Designated
Restricted Fund		 Fund 16
130		 76
610		 4,021
37,842
226 1,064 66,113
Total Managed Fund 2,347 11,046 978,865
Debtors
2022 2021
k'OOO 6000
Trade debtors 431 265
Taxation repayments 834 674
Accrued investment income 76 102
Other debtors 70 149
Prepayments 605 581
Assets held for disposal 184 402
Total debtors at31 March 2,200 2,173

This includes
cas		 h held awaiting
investment.
2022 2021
$000 OOOO
Diocesan Central Fund:
HSBC, managed by CCLA 2,594 2,584
Managed
Fund:
HSBC, managed by CCLA 838
Total short term deposits at31March 2,594 3,422

2022 2021
f000 f000
Loans to Priests 23 18
Other loans 184 224
Total short term loans at31March 207 242

2022 2021
t'000 $000
Sundry creditors 410 454
Accruals 426 147
Schools Devolved Formula Capital 2,807 6,614
Schools Contribution Allowance 1,759 229
Deposits repayable on demand 319 1,259
5,721 8,703

2022 2021
5000 1000
Net (expenditure)
Depreciation
and assets written off		 (507)
708		 (2,222)
689
(Decrease) in investment
impairment
(Decrease)/increase
in impairment
ofloan to group company
(Increase)/decrease
in debtors		 (54)
(336)		 (145)
499
(Decrease)/increase in creditors (2,982) 86
Investment
income		 (1,454) (1,174)
Net cash (outflow) from operating activities (4,625) (2,267)
b) Movement
in net debt
1capri/ 31March
2021 Cash flows 2022
OOOO $000 1000
Cash at bank and in hand 22,246 (1,333) 20,913
Short term deposits 5,422 (1,828) 3,594
Cash and cash equivalents 27,668 (3,161) 24,507
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