2023-03-31-accounts - Diocese Of Hexham And Newcastle

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ote 3.Outlined below	is how the	expenditure in	the year supporting	the key ac	tivities has been sourced.
Charitable	Funded	by general	Funded from	specific	Total Expenditure
Activity	income		income
		OOOO		F000	OOOO
Clergy Support		1,864		252	2,116
Pastoral Work		5,157		829	5,986
Education		1,133		408	1,541
Property		2,375		107	2,482
Cost of Generating		261		54	315
Funds
Cost of		10,790		1,650	12,440
charitable
activities

				Unrestt teredfunds	Unrestt teredfunds	Restr tcted	2023	2022
				Parish	Central	Funds	Total	Totai
			Notes	/000	5000	$000	f000	f000
Income
Income from donations				5,367	50	933	6,350	6,273
Legacies				277		6	283	599
Income from chantable	activities			190		70	260	303
Grant Income				16	49	78	143
Investment income				576	911	350	1,837	1,454
Other income				639	340	419	1,398	1,206
Total income				7,065	1,350	1,856	10,271	9,835
Expenditure
Expenditure on charitable activities			3
Clergy support Pastoral				1,039 3,939	825 ]$]8	252 829	2,1]6 5,986	1,470 5,536
Education				4	1,129	408	1,541	869
Property				1,657	718	107	2,482	2,206
Total expenditure on charitable			activities	6,639	3,890	1,596	12,125	10,081
Expenditure on raising funds			6(b)	23	238	54	315	261
Total expenditure				6,662	4,128	1,650	12,440	10,342
Net Incomel(expenditure)				403	(2,778)		(2, ]69)	(507)
Transfers between funds				(83)
Gains/Posses) on investment		assets:
Realised					(86)	(795)	(88])	454
Unreal ised					(1,594)	9	(1,585)	3,025
Gains on revaluation of	mvestment		properties	546	116		662	321
Revaluation offixed assets held for			disposal	312			3]2	183
Net (loss)/gam on disposal of		fixed	assets					(123)
Net movement in funds				1,178	(4,342)	(497)	(3,661)	3,353
Fund balances at I Apnl			21	61,890	27,131	12,558	101,579	98,226
Fund balances at31March			21	63,068	22,789	12,06]	97,918	101,579

Company	no: 773	2977
				2023	2022
			Notes	l'.000	5000
Fixed assets
Tangible assets			8	32,945	33,608
Investments			9	41,656	44,630
Investment	properties		10	3,316	2,058
				77,917	80,296
Current assets
Debtors			16	2,504	2,200
Debtors —Schools projects			16	76	90
Short term	deposits		17	2,704	2,594
Short term	deposits —Schools projects			1,000	1,000
Unsecured	short terin loans		18	151	207
Cash at bank and in hand				17,908	19,407
Cash at bank —Schools projects				995	1,506
				25,338	27,004
Creditors:	amounts	falling due within one
year			19	5,337	5,721
Net current	assets			20,001	21,283
Total assets less current liabilities				97,918	101,579
Net assets				97,918	101,579
Represented by:
Restricted fund				12,061	12,558
Unrestricted	parish funds			63,068	61,890
Unrestricted	central	funds		22,789	27,131
Total funds			21	97,918	101,579

				2023	2022
			litotes	f000	5000
Net cash	(outflow) from operating	activities	20	(2,992)	(4,625)
Investing	activities
Income from investments				1,164	1,454
Payments	to acquire tangible fixed	assets		(635)	(1,277)
Receipts from the sales oftangible		fixed assets			532
Payments	to acquire investinents			(18,576)	(19,518)
Receipts from sales ofinvestments				18,916	18,366
Receipts from direct lending investments				167	1,871
Payments	to acquire investment properties
Unsecured	short terin loans repaid			56	35
				1,092	1,463
(Decrease)IIncreasein cash and		cash equivalents	20	(1,900)	(3,161)
Cash and	cash equivalents at 1April		20	24,507	27,668
Cash and	cash equivalents at 31	March	20	22,607	24,507

Investment income
	Unrestricted	funds	Restricted	2023	2022
	Parish	Central	Funds	Total	Total
	5000	f000	f000	f000	f000
Income arising from:
Investment properties	576	97		673	467
Listed investments		580	350	930	786
Direct lending investinents		4		4	5
Cash deposits held as investments		230		230	196
	576	911	350	1,837	1,454

			Unrestncted	funds	Restncted	2023	2022
			Pansh	Central	Funds	TotaI	Total
			f000	f000	t'000	f000	f000
Clergy support
Clergy costs			1,037	3		1,048	871
Support ofretired clergy				446		446	104
Clergy Traming Fund					218	218	233
Grants and donations		5			26	28
Share ofcentral support	costs	4(a)		376		376	262
			1,039	825	252	2,116	1,470
Pastoral
Church running costs			3,786		46	3,832	3,652
Other parish costs			67			67	118
Grants and donations			86	172	710	968	565
Vicariate for Faith and	Mission			161		161	133
Faith dc Mission Youth Service				137		137	265
Vocations commission				108		108	3
Safeguarding commission				247		247	175
University Chaplaincy	work						95
Vicanate for Caritas				7		7	202
Diocesan Tnbunal				10		10	8
Marriage care							10
Diocesan events							8
Northern Catholic Calendar							23
Newcastle City Centre	Mmistry						15
Lourdes Pilgrimage					1	1	2
Family Life					72	72
Share ofcentral support	costs	4(a)		376		376	262
			3,939	1,218		5,986	5,536
Education
Education service				636	374	1,010	601
Schools chaplaincy				117		117	6
CES grant		5			34	38
Share ofcentral support	costs	4(a)		376		376	262
				1,129	408	1,541	869
Property
Repair ofparish property			1,074		107	1,181	983
Diocesan property office				233		233	210
Diocesan resource centre							44
School building costs			6			6	5
Depreciation charges			577	109		686	702
Share ofcentral support	costs	4(a)		376		376	262
			1,657	718	107	2,482	2,206
Total cost ofcharitable activities		4(b)	6,639	3,890	1,596	12,125	10,081

.Central s	upport co	sts in Unrestricted fu	nds
			Staff	Other	2023	2022
			costs	costs	Total	Total
			5000	5000	5000	5000
Episcopal office			154	30	184	128
Finance, HR, Data Protection, Communications			410	398	808	402
Governance	costs, note 6(a)		4	306	310	381
Diocesan office overheads			20	182	202	137
			588	916	1,504	1,048
Apportioned	to charitable	activities:
Clergy support		(25%)	147	229	376	262
Pastoral		(25%)	147	229	376	262
Education		(25%)	147	229	376	262
Property		(25%)	147	229	376	262
			588	916	1,504	1,048

	Staff	Other	2023	2022
	costs	costs	Total	Total
	5000	f000	OOOO	f000
Clergy support	190	1,926	2,116	1,470
Pastoral	1,228	4,758	5,986	5,536
Education	573	968	1,541	869
Property	391	2,091	2,482	2,206
	2,382	9,743	12,125	10,081

During the year the	Cha	ritable	Compan	y made a large number ofdonations	, as described below:
					2023	2022
					t'000	$000
Bishop' s charities
Clergy Training Fund					1
Little Sisters ofthe	Poor				31
Catholic Agency for Social Concerns						3
National Catholic Fund					75	75
National Catholic Fund		re IICSA				31
Domestic grants						1
Citizens UK						10
Catholic Youth						1
Marriage Care					10
Sursum Corda
Lay Training Fund					15
Caritas Vicariate					17
Apostleship ofthe Sea					24
Catholic Education					37
Holy Places					40	9
Peter's Pence					35	17
Racial Justice					13	4
Sick and Retired Priests		NBF			27
World Communications					26	7
Day for Life					26	9
Horne Mission					33	9
World Mission					2	1
Other Mission Charities					108	2
CAFOD Development		and emergency		aid	169	4
Other smaller grants					344	367
Total group charitable		grants	and donations		1,034	565
These are included	in charitable		activities (note 3)as follows:
Clergy support					28
Pastoral					968	565
Education					38
					1,034	565

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Included in expenditure are the following sta	ff costs:
		2023	2022
		5000	5000
Wages and salaries		2,068	1,910
Social security costs		164	136
Other pension costs		150	145
Total remuneration		2,382	2,]91
All pension costs are paid out ofunrestricted	funds.

All staf	f on furlo	ugh received 100%o	ftheir salary, irrespective oft	he level of	CJRS Grant paid.
				2023		2022
			Number of		Number of
			employees	5000	employees	5000
Central	Diocesan	services	53	1,727	46	1,603
Parishes			117	655	105	588
			170	2,382	151	2,191

.Tangible fixed as	sets
				Fixtures,
		Freehold	Motor	fittings and
		propert	vehicles	equipment	Total
		5000	f000	OOOO	f000
Cost:
At 1 April 2022		48,029	36	3,669	51,734
Additions		547	4	84	635
Disposals			(13)		(13)
Transfer to Investment	Property	(1,035)			(1,035)
At 31 March 2023		47,541	27	3,753	51,321
Accutnulated depreciation:
At 1 April 2022		14,919	27	3,180	18,]26
Charge for the year		583	5	97	685
Disposals			(13)		(13)
Transfer to Investment	Property	(422)			(422)
At 31 March 2023		15,080	19	3,277	18,376
Net book value:
At 31 March 2023		32,461		476	32,945
At 31 March 2022		33,110		489	33,608

				2023	2022
			/Votes	f000	5000
Quoted investments:
Investment fund			12	27,308	29,058
Managed fund			13	10,260	11,046
Total quoted investments				37,568	40,104
Investment in Sursum		Corda Limited	14	250	250
Fixed investment	deposits			3,600	3,548
Direct lending investments				238	728
				41,656	44,630
				2023	2022
				5000	5000
Investment categories (quoted investments):
Main Fund:
Conventional gilts				297	337
UK fixed interest				2,263	1,408
UK equities				4,334	5,451
Overseas equities				19,915	20,905
Property				499	957
Managed Fund:
Catholic Investment		Fund		10,260	11,046
				37,568	40,104

			Diocesan	Parishes
			Central	unrestricted	2023	2022
			fund	fund	Total	Total
			f000	5000	5000	OOOO
Market value:
At I April 2022			377	1,682	2,059	1,669
Assets Transferred	from	Fixed Assets		613	613	85
Assets Transferred	to Assets Held for Sale			(18)	(18)	(17)
Unrealised gains on revaluation			116	546	662	321
At 31 March 2023			493	2,823	3,316	2,058
Book cost ofinvestment		property:
At 31March 2023			200	2,032	2,232	2,059

12.	Investmen	t fund
									2023	2022
									$000	5000
	At 1 April 2022								29,058	26,773
	Additions								8,325	8,551
	Disposals								(8,619)	(9,051)
	Net unrealised investment			(losses)/gains					(1,456)	2,785
	Market value ofquoted		investments			at 31March 2023			27,308	29,058
	Book cost ofquoted investments				as	at 31March 2023			25,740	25,737
	Comprising	at 31March:
									2023	2022
							Cost	Unrealised	Total	Total
							5000	5000	5000	f000
	CCLA						25,740	1,568	27,308	29,058
13.	Managed	fund
									2023	2022
									5000	OOOO
	At 1 April 2022								11,046	8,593
	Additions								10,251	10,967
	Disposals								(11,046)	(8,783)
	Net unrealised investment			/gains					9	269
	Market value ofquoted		investments			as at 31 March 2023			10,260	11,046
	Book cost ofquoted investments				as	at 31 March 2023			10,251	10,777
	Comprising	at 31March:
									2023	2022
							Cost	Unrealised	Total	Total
							5000	5000	5000	5000
	CCLA						10,251	9	10,260	11,046

Financi	al infor	mation	relating to these coinpanies is	as follows:
				Net movement
				in funds	Reserves
				f000	f000
Sursum	Corda	Limited	(31March 2022)	(21)	264
Youth	Ministry	Trust	(31 August 2022)	1,594	1,503

							Initial
							cost plus
							reinvested	Market
							gains	value
						Note	t.'000	5000
Quoted	investments					13	10,251	10,260
Value	ofinvestment	at	31	March	2023		10,251	10,260

This fund is app	ortion	ed as follows:
			Initial	Market	Number
			cost	value	of Units
			3I/3/23	3I/3/23	3I/3/23
			f000	f000
Special donation	balances:
Historical Mass	Fund		216	1,028	92,060
Diocesan Designated		Fund	103	493	42,976
Parishes Designated		Fund	427	2,039	385,965
Restricted Fund			108	514	76,722
Clergy Training	Fund		1,018	4,858	261,689
Lay Training Fund			50	239	7,704
			1,922	9,171	867,116
Church funds balances:
Historical Mass	Fund		47	223	13,932
Diocesan Designated		Fund	35	168	10,639
Parishes Designated		Fund	17	81	4,214
Restricted Fund			130	619	37,842
			229	1,091	66,627
Total Managed	Fund		2,151	10,262	933,743
Debtors
				2023	2022
				5000	5000
Trade debtors				325	431
Gift Aid Debtor				821	834
Accrued investment		income		79	76
Other debtors				178	70
Prepay ments				588	605
Assets held for	disposal			513	184
Schools Devolved Formula Capital				76	90
Total debtors at31		March		2,580	2,290

This includes cas	h held awaiting investment.
		2023	2022
		5000	OOOO
Diocesan Central	Fund:
HSBC, managed	by CCLA	2,704	2,594
Total short term	deposits at31March	2,704	2,594
Short term loans
		2023	2022
		f000	5000
Loans to Priests		31	23
Other loans		120	184
Total short term	loans at 31March	151	207

			2023	2022
			5000	f000
Trade Creditors			154	222
Sundry Creditors			143	188
Accruals			539	426
Schools Devolved	Formula	Capital	2,781	2,807
Schools Capital Allowance			1,352	1,759
Deposits repayable	on demand		368	319
			5,337	5,721

					2023	2022
					5000	f000
Net (expenditure)					(2,169)	(507)
Depreciation and assets written off					685	708
(Decrease) in investment		impairment				(54)
Decrease/(Increase)	in debtors				40	(336)
(Decrease) in creditors					(384)	(2,982)
Investment income					(1,164)	(1,454)
Net cash (outflow)	from	operating	activities		(2,992)	(4,625)
b) Movement in net debt
				1April		31March
				2022	Cashflows	2023
				5000	5000	f000
Cash at bank and in	hand			20,913	(2,010)	18,903
Short term deposits				3,594	110	3,704
Cash and cash equivalents				24,507	(1,900)	22,607