-1.1 I)i()(.:L%L
CLIFTON DIOCESE
A Company Limited by Guarantee: Registered No. 10462076
ANNUAL REPORT
and
FINANCIAL STATEMENTS
for the year ended
31" DECEMBER 2020

CLifroN DIOCESE
Cbarity Number:
1170168
Comp#ny Number:
10462076
Registered Address:
St. Ambrose
Noith Road
Leigh Woods
Bristol
BS8 3PW
PROFESSIONAL ADVISERS
Auditors:
Haysmacintyre LLP
10 Queen Strect Place
London
EC4R IAG
Bankers..
National Westtninster Bank PIC
Commercial Office
PO Box No 2702
3 Temple Back East
Temple Quay
Bristol
BSI 9BW
Investment Manager:
Tilney Smith & Williamson Investment Management
Portwall Place
Poitwall Lane
Bristol
BSI 6NA
Solicitors:
Stone King LLP
13 Qiieen Squal'¢
Bath
BAI 2HJ

CONTENTS
PAGE
Tiustees, Report
1-16
Strategic Rcport
17-23
Independent Auditor's Report
24-26
Statement of Financial Activities
28
Balance Sheet
29
Cash Flow Statement
30
Notes to the Financial Ststements
31-55

TRUSTEES, REPORT
BISHOP'S VISION
The Chui'ch of Clifton
is called lo bc a people
who belicve in Christ,
who celebi'ale Christ
and who live in Il)¢ way of Christ.
The Cliurch is created by God
to live, not for itself,
but for others.
to be a people who share
in the mission of Christ
to proclaim Ilie Kingdom
and to make disciples,
so that thc world will be transformed
according to God's plan.
Our Parishes and Communities
shoiild be places
where Christ is celebrated,
shared, proclaimed and lived,
where cvcryone
is welcomed and valued
and all have a sense of res]x)nsibility
for tlic life of the community ai)d the world.
commuNlOtI
We are called to be disciples
who not only know about Jesus
but also come to know him in praycr.
Our liturgies
should be celebrated in siicli a way
that Christ's word is heard,
his presence known,
and which are so connected to our lives
that we joyfiilly
take up the coinmand
'Go in peace glorifying the Lord by your life,.
PRAYE
Clifion Diocese A￿nTI&l Repor/ 2020

TRUSTEES, REPORT
HISTORY OF THE DIOCESE OF CLIFfoN
Until 31 December 2017 the Roman Catholic Diocese ofciifton was constituted as a Charity for Roman
Catholi¢ Purposes by the Declaration ofTrusi dated 6 ' May 1934, ainended by a schcinc dated 19 August
1996 and further amended by a scheme dated 19 January 2007. All i'eporting was Inade under I'egistei'ed
Charity No. 233977.
On l January 2018 the assets and operations of the Diocese tran8f¢rred to this Charitable Company
Limited by Guai'ant¢e, called Clifton Diocese. The Company number is 10462076 and the Charity number
is 1170168. The Diirctors of the Charitable Company are the Trustees and this company carries on the
activities of the Diocese.
Tlie Diocese compriscs the Counties of Somerset, Glou¢estershire, Wiltshire and the City and County
of Bristol. Clifton is largely a rural dioc¢se encompassing many towns and villages with several mediiim
conLlI'bations and one major city. The Diocese serves its people through 107 parishes, 45 maintained
s¢hools, 17 academies, 2 special schools and 5 independent schools and the Diocesan adminislralive
office (Curia)-
The principal objects of the charity are the advancement of the Roman Catholic religion, thc relief of
poverty, the maintenance of the Roman Catholic Churches and the provision of Roman Catholic
education within the Diocese of Clifton.
ORGATr41SATIONAL STRUCTURE
The primary routes of deliveiy of the Charitable Company's objectives are the parishes and schools
within the Diocese.
As part of ihe wider Catholic community the Diocese works collaboratively with other Dioceses in
England and Wales and the Bishop is active internationally through his work with the Catholic Trust
for England and Wales.
The Diocesan administrative office supports the d¢liv¢ry of the objectivcs by co-ordination of
Diocesan-wide progratnmes and ensures a cohesive approach to the administration of the Diocese in
order to effectively support the parishes, which is paiticularly important due to increa5iiig statutory
requirements in ai'eas such as property management and governance.
Parishes
There are approximately 170,000 people who identify as Catholi¢ within the Clifton Diocese. On a daily
basis, parisliioners gather together in our Churches for worship within the parishes, ¢re&ting local
Catholic communities which underpin the fonnation of their faith and deliver outreach to th¢ wider
communities in which they are based.
There arc 74 active priests {Dioccsan and Religioiis) within the Diocese who lead the parish
communities, 5UPPOlted by 47 deacons many of whom combine their religious vocation with car¢er and
Clifton Dioce&E AN￿11￿1 RÉpoi'i 2020

TRUSTEES, REPORT
family responsibilities. In addition, there are many retired priests who coi)tinu¢ to pi'ovide support and
ministry where needcd.
The role of the laity within the Diocese is a central feature to the life of our Catholic cotnmunity and
as a result there is a focus on thcir fomation, giowtli and spiritlial wellbeing. Our pastoral guidelines
'A Future Full of Hope, continue to provide opportunities to appirciate tlie importanc¢ and priority of
ongoing fomation and the focus of the depaitment for Adult Education and Evangelisation is to
facilitate various training events and provide i'esources to assistancc aiid siipport both the priests and
laity in the Dio¢ese.
The Coronavirus pandemic and th¢ COVID-19 conts'ol measures hav¢ had a significant impact on
pai'ish lifc, with the closure of the ¢hiirches during two lockdown periods and the reduced Capacity for
the celebrnlion of Masses once th¢ chiirclies wcrc allowed to reopen. Ongoing restrictions on the
celebi'ation of other life events has also limited the provision of thc Sacraments.
Mass Attendance and Sacraments
2020
695
63
684
98
9,336
2019
1,468
73
1,670
525
28,016
Baptisms
Received into the Church
First Holy Communions
Confirmation
Sunday Mass attendance
However, where possible, parishes have continiied to reach out to their local communities through work
in food banks, soup runs and support groiips for the elderly. The itnportance of thcsc activities has been
higlilighted dui'ing the Coronavirus pandemic and parishes have worked collaboratively with other faith
groups and local charities to provide support for individuals 2nd families during this difficult period.
As lockdown restrictions were relaxcd, parish properties were reopened and made available to local
corntnunity support group5.
The Diocese and parishes have closc links with CAFOD (Catholic Agency for Overseas Development)
and through this and othei. I'outes, there is strong support from across the Diocese for overseas work in
areas of poverty, war and where natural disasters have taken place. There are also various initiatives
undertaken to support refugees boili in the UK and ovcrseas.
The 107 parishes comprising the Clifton Dio¢ese forni the core of our Catholic community. They are
served by 59 secular priests and 15 priests froin orders and otllcr Inissions. The priest fiilfils the central
role in the parish ministering sacraments, leading woi'ship and in widcr ministry to the faithful and the
community at large.
Clifton Diocese is also fortunate to be served by a team of 47 permanent deacons who are vital to the
pastoral life of the Diocese. The deacons offer ministry lo the Church sometimes alongside, and woven
into, a full working careei. and family life. In many parishes that share priest5, the deacon woi'ks under
the dircction of the priest in the delivery of pastoral care.
Clifton Diocese Anniial Reptpri 2020

TRUSTEES. REPORT
The parishes ¢o-operate as 13 deaneries. This sts'ucturc facilitates local collaboration and provides a
collegiate envii'onment for parish pi'iests. Each deanery ha5 a pastoral council pre5idcd ov¢r by a dean
and containing representatives of each member parish. In turn, ¢a¢h deanery pastoral council is
represented on the Diocesan Pastoral Council.
The parishioners fund both the upkeep of the Church buildings and the a¢commodation ￿]d living Costs
of their priests. In addition to this irsponsibility, they contribute through a parish share to the support
of thc Dioccsan departmental strnctiire and a vast range of external charities and groups. As well as
their financial contribution, the parishioners also contribute time and effort both to tl)e running of their
parishes and to the wider comtnunity through groups providing local support and welfai'e services.
SoJne of our parishes are operating in communities facing the challenges of unemployment and social
deprivation and community biiilding is integral to the work of these parishes.
Schools
There are 54 Catholic Priinary, 7 Catholic secondary schools and a sixth form ¢ollege, 2 independent
special schools and 5 other independeiit scl)ools within the Diocese. Diiring 2020, th¢ Diocese withdrew
from the joii)tly opcraled secondary school with the Church of bngland. However, support will continue
to be provided to the current Cohort of Catholic pupils by the ongoing funding of a Catholic Chaplin for
the next five years. Ovei. 22,642 pupils are ¢ducated in our schools and whilst priority is given to
Catholic applicants, approximately 480/0 of pupils are drawn from outside the Catliolic community.
The schools at times may have to provide education in challenging cir¢umstances to very diverse
Communities and this has been particularly dI￿l¢U1t during the Coronavirus pandemic with the
challenges of providing remote learning during the lockdown period, whilst remaining open to support
the schooling of lai'ge numbers of children of key workers. School resources liave also bcen under
pressure as there have been a number of occasions when both teachers and pupils in our schools have
bccn required to self-isolate.
During this period the monitoring of the academic performance of schools has been modified to reflect
thc unusual situations created by thc pandemic. However, the Diocesan Department for Schools and
Collcgcs continues to work closely with the relevant Local Aiithoi'ities, thc Regional Schools
Commissioner ai)d OFSI'ED to ensure that hi￿7 quality edu¢alion is delivered whilst maintaining the
Catholic ethos of the schools.
PUBLIC BEIYEFIT
The Trust¢es confirm that they l)ave cotnpli¢d with the diity as defined in scction 17 of the Charities
Act 2011, to hav¢ diie regard to public benefit guidance published by the Charity Commission, in
determining the activities undertaken by the Chai'ity. Ln inaking this declaration, Ilie Trustccs consider
the work of the Diocese in suppoiting our chai'itable objects and th¢ 5¢Ctions below elaborate further on
the key areas of the benefit of our work to the public.
Clifton Diocese Repoi't 2020

TRUSTEES, REPORT
Access to our Cburches
Our Churches are an important part of how our coinmuiiities define themselves and they arc a significant
fealiire in many towns and cities. Most of these buildings are between 30 and 150 years old and somc
are of historieal and architectuTrl importance. Some are listed by Historic England. We are guardians
of a heritage that has been passed on to us and we will always do our best to pass thein on in good order
to the next generation. All of them are subject to a need for constant maintenance and repair and this is
a significant part of our overall expenditure.
The closure of our Chur¢hes during the lockdown periods was a very difficult time for lo¢al
Communities, paiticularly as thcy are used daily by parishioners and the wider community, not only to
rec¢iv¢ the Sacraments, but as a place for quiet reflection and prayer. Ther¢foi'e, the agreement to allow
the Churches to rcinaii) op¢n, and the celebration of public Masses to continue during the last lockdown
p¢riod was gratefully IEceiv¢d.
Help to the needy
When we come to love of our neighbours, Jesus Christ was veiy clear that this did not just mean those
who live next door lo us, but everyone that we share this beautiful God-given planet with. Our clergy
and parishioners ￿ach out not just to their own meinbers, but also to all who may need their help. They
can be found helping on soup runs and feeding Ihtr homeless, at niglit shelters and food banks, assisting
disabled adults and ¢hildren, visiting the sick at hom¢, in a nursing home, or in Iiospilal, dealing with
Fair Trade and a whole range of environmental issues, working for justice and peace at home and
abroad, helping with asylum issues and counselling those with all sorts of problems. Finallyj raising
awai'cncss of the plight ofthe marginalised in many parts of the world, and raising funds to give practical
assistance to such areas and peoples.
Co-ordinating collective fundraising efforts
Foi. accounting purposes, the money that ehurchgoers raisc for third parties is not classified as church
incomc. However, the reality is that witl)out the help and structure of the Church, these funds would
not be raiscd. So, for the Church, charity is not a welfare activity which could be left to others, but an
integral part of what it means to be a person of faith and a member of the Roman Catholic Church.
Education
The number of primary and secondary schools with which we arc involved makes us a significant figiii'e
in tlie field of education. We are iiivolv¢d with as many, if not tnoi'c schools, than many local education
uthorities. Whilst our primary thrust is to provid¢ places for Catholic childrcn, il is also Iriie that the
schools have a significant number of pupils and staff from other Christian traditioi)s and othcr f&iths.
We constantly encourage via our Curia, to make sure that all our schools are striving for excellencc for
all pupils, and we value the contribution that these s¢hools make to their local communities. We always
aim to have OLir schools as beacons of excellence, not only academically but also in faith and morals.
In this way, we help to show our love of our neighbours.
Clifion Dioc£se Anmiol Report 2020

TRUSTEES, REPORT
PRINCIPAL RISKS AND UNCERTAINTIES
The Trustees actively reviews the major sts'atcgic business and operational risks to which the Charitable
Company is exposed and confirm that these have becn I'cviewed 2nd strategies and systems have been
established to mitigate exposure to Ih¢s¢ i'isks. Each Head of Dcpartment and SulFComtnittee of the
Board is required to monitor changes and devclop systems to mitigate risk whcnever possible. The key
risks identified by the Board include..
Ongoing operational impa¢t of the coronavirus pandemi¢
Mitigations=
Business Continuity Plan in place and invoked
Rcgular meetings held with the Curia Heads of Departments to ensure key activities are
complctcd and any issues highlighted
Microsoft 365 softwai'c allows the Ciiria, Parish employees and volunteers to work from
home effectively
Streaming of daily Masses has been implcmented lo enable parishioners lo participate in
the celebi'ation of Mass remotely
Ongoing guidance is beiiig is5u¢d by the Bishops, Confer¢n¢e to ensure all appropriate
mcasuies al'e being taken for sacramciits such as the Anointing of thc Sick
Communication stream Set up between the Vicar Gcnerals and the Deans in order to
highlight any issues and support welfare of the Clei'gy
The Bishop's Coiincil is meeting on a r¢gular basis to review ongoing situation and
receive feedback trom the Deaneries
Executive Assistant role now in place to support operational activities
Ongoing financial impact of the coronavirus pandemi¢
Mitigations..
PayPal donation buttons added to c.90 parish websites lo encourage donations online
Parish¢s via their newsletters and websites also promoting the use of standing orders to
make regular donations in lieu of the weekly ¢olle¢tions
Parish and some Curia employ¢es plaeed on furloiigh and a c18im for 80Q/o of the
asso¢ialed salary costs applied for undei. the Government Job R¢tention Scheme
Wheir ¢mployees are self-isolatiiig duc to Covid-19 symptoms or their family members
are experiencing symptoms, appropriate claitns are being made under SSP
Scenario planning compl¢tcd, resulting in a review of all ¢apital expenditiire projects
Curia budget reforecast undertaken with each category of expenditur¢ reviewed
individually
Parisli Share calculations for 2021 adjusted to i'¢fle¢t the reduelion in income during 2020
Effective itnplementation of Ilealth & Safety legislation
Mitigations..
Online training modiiles available for employees and volunteers
Dctailcd policies and procedures in plac¢, with regular review undertaken
Risk assessmcnt and ¢hecklists completed for the reopening of the churches
Return to work ch¢ckli5ts completed for all einployees returning to the Curia or parish
offices following the lockdown
Clifion DioC￿e Annii(71 Report 2020

TRUSTEES, REPORT
Safcguarding of children and of vulnerable adults
Mitigations..
Structured training programme in place for Clergy, Employees and Volunteers
Diocesan Safeguai'ding teatn consist of experienced Safeguarding professionals
National Catholic safegiiarding policics and piocedures are iinplemented
New SafegLiai'ding CoTnmi1lee established as a sub-coinmittee of ihe Board of Trustees
FUNDRAISING APPROACH
Clifton Diocese is registered with the Fundraising Regulator and abides by th¢ Code of Fiindraising
Practice. The majoi'ity of our fundi'aising activity is carried out witliiii parishes via direct Contact with
parishioners. Parishioners are also contacted by email if they have provided consent, eithcr directly or
indirectly, for example via the parish new51etter. Fundraising appeals ar¢ managed by the Diocese
across all parishes. The Dio¢¢se does not employ commercial fundraisers oi. contael members of the
public who are not parishioners. Our parishes, led by oui. priests, have a duty of car¢ lowai'd any
viilnerable parishioners and we take great care lo ensure they al'e treated with dignity and respcct and
in accordance willi our safeguarding policies.
To dats no ¢omplaints abolit fundraising activities have been received by the Diocese. (2019.. Nil)
GOVERNANCE AND MANAGEIVIEP4T
Governanee
The Di(Kesan Trustees led by the Bishop, in conjunction with the canonical bodies of the Diocese, are
responsible for forniulating strategies which deliver the pastor&l work of the Diocese. They develop
policics which ensure compliancc with ¢ivil legislation and ensure the dissemination of such policies
throughout the Diocese, for examplc safeguarding 2nd health and safety. Through the Commilt¢e
structure they ovcrs¢e 211 aspects of compliancc with relevant legislation including financial controls,
anagement of Dioccsan pioperties and employmcnt issues.
Tlie Bishop is appointed by the Pope as chi¢f shepherd, teacher and sanctifier of the Diocesan flock in
the Diocese. Thc Bi51)op also has a role as the Icadcr of an organisation with 151 employees, assets of
£46.8m and income of £7.9m. He is advised by a Bishop's Council of senior clergy and chairs the
Boai'd of Trustees, fonned of both clergy and lay members.
The Bishop is empow¢r¢d lo appoint and remov¢ all Trustees. The Trustee body is made up of clergy
and lay faithful of the Dioces¢. There are 16 Trustee5 Of which the Bishop is th¢ Chaimian. The 6
other clerical Trustees al'e appoint¢d for their expeitise in parochial, spiritiial, pastoral and ¢anoni¢al
expertise. The 9 lay Trustees are selected for their wide-ranging busin¢ss and educational expertise.
Additional Trustees would be appointed if it was perceived that there was a significant skill or
knowlcdgc gap on the boai'd. Trustees are appointed for a lem of three years rcn¢wable up to i
tnaximum of nine years. Pei'i(Klically a skills audit is undertakcn, and skill gaps identifi¢d bearing in
mind the current areas of work which provide specific challenges for the Diocese. Recruitment is
¢arri¢d out after advertising throughout the Catliolic community of the Diocese.
Clifton Diocese Anp7ual Repth'i 2020

TRUSTEES, REPORT
When the Charity Governance Code was published in July 2017, the TrustCC5 evaluated the Board's
perfomian¢e against each principle of the Code and found that the Diocese met most of the outcomes.
The Trustees adopted the Code and have aspired to meet all i'equircincnls. Following thc publication of
the revised ve]sion in Decetnber 2020, a review is planned in order to coiisidcr any further i'equircin¢nls
of th¢ updated Code.
New Trustscs are given an induction which incliides a pack of information on the con5tilulion,
govcrnanee and operation of ihc Diocese. All Tnistees are expe¢ted to be familiar with the central
depaitm¢nts and the parishes of the Diocese. The Trustees are also encouraged to attend any courses
which will suppoit the development of their role and in-house training sessions are providcd to update
on any changes in legislation.
The Board has established several comtnittees to look at specific aspects of the Charity and they report
balk io the main Board of"I'i'ustees.
The Bishop and employees of the Dioc¢se wish to acknowlcdge the contribution made by the Trustees
and the support that they giv¢ to the Diocese in tcmjs of both skills and time.
A list of the Trustees and the key committees of the Diocese arc set oiit below..
Charitable Conipany:
Clifton Diocese
Si Ambrose
Noith Road
Leigh Woods
Bristol BS8 3PW
Trustees of Clifton Diocese:
Right Reverend Declan Lang, Bishop of Clifton (Chair)
Rev. Mgr. Canon Bernard Massey VG (Vice Chair) (Moderator of the Curia)
Rev. Mgr. Canon William Slattery VG
Rev. Canon Richard D￿er
R¢v. Canon John CutULinghain
Rev. David Mills
Rev. Paul White
Mr Stephen McNulty
Ms Ruth Fitzjohn
Mrs Margaret Young
Mrs Catherin¢ Hipkiss
Dr Timothy Coyle
Mr Michael Setter
Mrs Michelle Morgan
Dr Michael Tliompson
Mr Richard Ashby (Appointed 1210512021)
Clifion Diocese Repop'l 202LI

TRUSTEES, REPORT
Minute Secretary to the Trustees:
Mrs Paul8 Asquith
Private Secretary to tho Bishop:
Miss Alessia Dini
SUB.COMLlItTfEES
The membcrs of the nine main sub-cotnmittees are as follows (Trustees denoted with (T)).
The Audi¢ Committee:
Rev. m￿.. Canon Bernard Massey VG (T) (Cliair)
Mr John Kyffin
Mr Michael Setter (T)
This Committee is made up of & minimum of two Trustees (Moderator of tlic Curia) and I lay member.
Thc Chief Operating Officer and Diocesan Finai)cial Administrator as well as thc lead partner from our
Aiiditors are in attendance. They meet twice p¢r year to focu5 on financial rewrting> control and
governance.
The Investment Committee:
Ms Fiona Macpherson (Chaii.)
Rev. Mgr. Canon Beinai'd Massey VG (T)
Dr Timothy Coyle (T)
Mr James Rodge13
Rev. Paul White (T)
Mr Michacl Selter (T)
Ms Ruth FitLlohn (T) (Appointed 1610412021)
Ms Jenny Tozer (Appointed 1610412021)
Ms R05amond Harris (Appoint¢d 1610412021)
This comtnittee is made up of at least 2 Trustees and 2 lay professional members and meets with the
lead member from our investment maiiager, curi'eiitly Tilney Smith & Williamson. The Diocesan
Financial Administrator is in attcndance. It generally m¢¢ts twice per year but in volatile times has a
mechanism in pla¢e to meet more frequently. The Investtnent Committee is a sub-committee of the
Finan¢e Cominitte¢.
Clifton Diocese Annual Repori 2020

TRUSTEES, REPORT
The Clergy Welfare Committee:
Rev. David Mills (T} (Chair)
Rev. Canon Alan Finley
Rev. Canon Bosco MacDonald
Rev. Mgr. Canon Richard Twomey (Deceased 2010612021)
R¢v. Colin Mason
Rev. TIEvor Jones
Thc Clergy Welfare Committce reports to the full Trustee Board via the HR Committee. This comtnittee
deals with th¢ welfare of all clcrgy but particiilarly tl)ose who due to age, infirmity or other
circumstances nced assistance. The Chief Operating Officer and Diocesan Financial Administrator are
in attendance.
The Property Con)mittee:
Rev. Paul White (D (Chair)
Rev. David Mills (T) (Resigned 1210512021)
Rev. Mgr. Canon Bernard Massey VG (T)
Mr Stephen McNulty (T)
Mr Michael Settoi. (T)
Mr Richard Ashby {T) (Ap￿Inted 0710712021)
This committee is made up of Ti'ustees with the Head of Property Seivices, Chief Oper&ting Officer
And the Diocesan Financial Administrator in attendance. Its role is to look at all property I'elated issues
iii pai'ishes and to givc approvRI for small works (up to £300k) and where possible to make
recomJnendation to the main Board for approval on works over this litnit. The Propeity Committeo
generally m¢et$ 6 times a year. The Head of Property Services and the Diocesan Financial
Administrator havc a further delegated responsibility per a schedule approved by Trustees.
The HR Committee:
Right Reverend Declan Lang> Bishop of Clifton {Chair) {T)
Rev. Mgr. Canon Bei'nard Massey VG (T)
Rev. Mgr. Canon William Slattery V(i (T) (Appointed 2910112021)
Rev. David Mills (T)
Mrs Catherine Hipkiss (T)
This committee is composed of 5 Trustees as well as haviiig th¢ support of a professional ItR Advisor
who is retained by the Diocese to give infonnation and advice as nccdcd. This cominittec dcals with 211
employee related issues in the Diocese. It is chaired by ihe Bishop with the Chief Operating OtTic¢r,
the Executive Assistant to the Chief Oper&ting Ofyicer and the HR Advisor in attendance.
Clifton DIoc￿e Anniial Report 2020
io

TRUSTEES, REPORT
The Finance Committee:
Rev. Mgr. Canon Bemard Massey VG (T) (Chair}
Rev. Mgr. Canon Williatn Slatt¢ry VG (T) (Appointed 0310212021)
Dr. Timothy Coyle (D
Rev. David Mills (r)
Mrs Ann Tarr
This committe¢ is composed of 4 Triistees plus l other financial expert with the Chief Operating Officer
and the Dioccsan Financial Administrator in attendance. Jts mle is to look at all finan¢¢ related issues
in parishes and to givc approval for expenditure (up to £300k) and where possible to make
rccomtn¢ndation to the main Boai'd for approval on expenditure over this limit. The Finance Cotnmiltee
generally m¢cts 6 times a year. The Diocesan Financial Administrator has a further delegated
responsibility per a schcdulc approved by Trustees.
The Risk Committee:
Mt3 Margaret Young (T) (Chair)
Rev. Mgr. Canon Bernard Massey VG (T)
Ms Ruth FitLTohn (T}
Rev. Canon John Cunningham (T}
This committee which is composed of 4 Trustees and the Chief Operating Officer in attendance meet
al least twice a year to undertake a detailed review of risk management.
The Health and Safety Committee:
Rev. Paul While (D (Chair)
Rev. David Mills ('I') (Resigned 1210512021)
Rev. Mgi.. Canon Bernard Massey VG (T)
Mrs Mai'garet Young (T)
This committee is composed of 3 Trustccs with the Chief Operating Officer, the Diocesan Siirveyoi.,
th¢ Dio¢esan Financial Adtninistrator and the Healtli and Safety Co-ordinator in attendance. It meets
on an ad ho¢ basis to review licalth and safety activities.
The Safeguarding Cotllmittee:
Mr Richard Ashby (T) (Chair)
Rev David Mills (T)
Ms Ruth Fitzjohn (T)
Rev Paul Brandon
Dr Maame Sarfo
Mr Steve Livings
Clifton Diocese Repori 2020
Ji

TRUSTEES, REPORT
This new coJnmittee was formed on 2 July 2021 following th¢ r¢¢ominendations of the independent
review of saf¢guarding proc¢dures in England in Wales and it replaccs the prcvious Safegiiarding
Commission. Tlie coinmittee is coinposcd of 3 Ti'ustees, a clergy repi'cscntativc with saceguarding
expci'ienLe and two independent safeguarding experts. It will gcnerally meet 6 times a year and th¢
Chief Operating Officer and Diocesan SafeguardiIig Coordinatoi. will be in att¢nd2nce. Its role is to
review the perfoiinance of the Diocese in safeguarding matters in order to cnsui'e that it is operating
within the standards, policies and procedures of the Catholie Safeguarding Standai'ds Agency.
Clifton Catholie Dioeesan Education Foundation / Academy Project Board
This is a company limited by guarantee and the Board of Directors is comprised of the TrLlStees willi
¢ducation experience, the Chief Operating Officer, the Director of Schools & Colleges, the Schools
Partnership Officer and an independent educational expcrt. Following a strategic review its role now
focuses on two keys areas, holding the diocesan academies to account under its remit as a corporate
member and to considci. and approve applications for diocesan schools to conv¢rt into multi academy
tru5t5. The Board generally meets 6 times a year.
Collncil of Priests
The priests in this body m¢et al least Iwice per year to advise and discuss with the Bishop a variety of
pastoral issues that are relevant to th¢ Dio¢¢se. Recent matters discusscd include how individual
deaneries and parishes in communion will operatc in future years as a number of the parish pricsls are
reaching retirement age.
Dioeesan Pastoral Council
This council is made up of a mixture of lay and clerical members from around the Diocese, together
with some staff from the central departments. It me¢ls as required to look at stt7tegic planning to deal
with the pastoi'al needs of diverse communities that make up our parishes and deaneries.
Bi$hop?s Couneil
This confidential council is composed of the 2 Vicars General and the Judicial Vicar (all of whom are
Trustees) who meet will) thc Bishop to discuss any aspects of the life of the Diocese that the Bishop
wishes to air with them. It generally illc¢ts monthly and the Chief Operating OtTicer is in attendance.
Pastoral MaDagemen¢
The Bishop is supported in his pastoral leadership of the Diocese by two Vicars General, one of whom
also acls as Modei'atoi. of the Curia and pi'ovides a lird( between th¢ civil 2nd pastoral direction of the
Diocese. The Bishop is advis￿ by the Bishop's Colincil and the Chaptcr of Canons. 'fhe Council of
Priests provides the link to the parish pi'iesls and deaneries.
Clifion Diocese Repori 2020
12

TRUSTEES. REPORT
The Bishop also iindertakes parish visitations, visit5 to schools and presides over Diocesan events such
as the annual Diocesan Day.
Tlie Triislees lliid Comniillees ure.siipporledin ilieir ivork by ilie Ciirirt.
The CLiria is comprised of several departments that work together to provide a robust and effective
administrative stl'Licttire to support the parishes and schools and provide day to day support for the
delivery of pastoi'al aims.
SENIOR MANAGEMENT TEAM
Mrs Lyn Muriay- Chief Operating Officer
Mrs Colleen Collett- Director of S¢hools and Colleges
Ms Rebecca Cawsey- S&f¢guai'ding Coordinator
Miss Jan¢t Parkcr- Dioccsan E4inancial Administrator l Head of Fii)ance (Leave of absence 0910912020)
Mrs Rachael Lawes- Interim Dioc¢san Financial Administrator l Head of Finance
(Appointed 0110912020)
Mr Derek Sa]mon- Head of Property Services (Resigned 3010912020)
Mrs Jo Long- Head of Property Services (Appointed 0110212021)
Miss Sarah Adams- Director of Adult Education and Evangelisation
Mr Philip Gibbons- Communications Officer
Remuneration Policy
Remuneration for the senior management team is deterniined by the HR Committee by benchmarking
roles against similar positions in othei. Dioceses and the charity sector, with the aim lo atti'act, retain
and motivate a talented leadership team wl)o are focused on supporting delivery of the Di(Kesan
mission.
DIOCESAN DEPARTMENTS
Adult Education & Evangelisation
This leam supports and promotes all aspects of Catholic education and foiTnation. It work5 to protnote
an understanding and itnplementation of the General Direcloiy for Catechesis and the Rite of Christian
Initiation of Adults as the m(Idel for all sacramental preparation. li also provides support in areas of
marriage & family life and youth ministry. Th¢ Dio¢esan Liturgy Office. working within the department
also provides fomiation. support and development of the liturgical life of parishes.
Safeguarding
The Safegiiarding team works for the protection and safety of all and specifically for children and
vulnerable adults with whom the Diocese has contact or for whom it has responsibility. The team also
oversees the safe reeruitment and s&feguarding training for Clergy, employees and volunteers.
Clifton DIoC￿eAnp￿al Repori 2020
13

TRUSTEES, REPORT
School and Colleges
This department both advises the Trustees of all aspects of education and works closely with the
Catholi¢ staff of the school and colleges of the Dioccsc. It also has a servi¢e level agreement with
schools to provide a range of services to each institution.
Property Services
This department works Ix)th with the central Curial offi¢es and the individual parishes to deal with the
vast range of issues associated with churches and propertics, such as health & safety requirements to
ensure cotnpliance with law. The team also supports with issues rclatiiig to diwesan owned school
buildings and land and oversees facilities management for all curia properties.
Finance
This department deals with a multitude of financial and adminislralive aspects of the work of the
Diocese. It not only Co-ordinates the central finances and budgets of the Diocese but it also ¢ollecls all
parish shares and deals with all aspects of Gift Aided donations and salaries for the individual parishes
and their staff.
Commllnieations
The Comtnunications Offic¢ works to positively promote the activities and teachings of the Church
using all forn)s of media, including thc diocesan website, social and print media.
PAIUSHES
The 107 parishes in the Diocese have the day to day adtninistralion of the property and assets delegatsd
to the parish pi'iesls who are advised by their parish finance comtnitt¢e.
VOLUNTEERS
Over 3,1)00 volunteers help in all areas of the work of the Diocese, particularly within the parish
environment and without their assistance the parishes could not function. The Trustees, Clergy and our
employees are very gratefvl to them for the titne and commitment they give to support the &ctivities of
the Diocese. Certain volunteers siich as Treasurers, School Governors and Parish Safeguarding
Representatives are required to attend regularly training courses and briefing so that they are properly
equipped for their roles in Ihe Diocese.
Clifton Diocesg Anniial Report 2020
14

TRUSTEES, REPORT
REI LATED PARTIES
Subsidiary Charities
The following charities, income, expenditure and assets have been included in the finaiicial statements of
Clifton Diocese, as the Charitsble Cotnpany is the sole Corporate TNstee. The amounts are Thot material
and therefore w¢ have not presented entity-only financial statements=
CHARITY NATr
REGISTERED F40.
Clifton Catholic Diocesan Ttustees Registered
1170168-7
Edith Maiy YouT)g Memorial Fund
1170168-1
Elizabeth Lady Hci'beit foundation
1170168-2
Hcavcn's Roinan Catholic Orphanag¢ for Girls
1170168-3
Lady Ariindcll of Wai'dour Beqiiest for Training of Students 1170168-4
for the Roinan Catholic Pricsthood
The following ¢harities have not been activated..
St Francis of Assisi Roman Catholic Church, Nailsea
Clifton Diocesan Common Investment Fund
The Diocese of Clifton Education Trust
1170168-5
1170168-6
313215
STATEMENT OF TRUSTEES, RESPONStBILITIKS
W¢ are responsible for pi'eparing the Trustees, Report, the Strategic Report and the financial statements
in accordance with applicable law and regulations.
Company law requires that we prepare the financial statements for each financial year. Under that law,
we have elected to prepare the financial statements in accordan¢¢ with United Kingdom Generally
Accept¢d Accounting Praclice (United Kingdom Accounting Standards and applicable law). Under
company law wc must not approve the financial statements iinless we are satisfied Ihat they give a true
aiid fair view of the state of affairs of the Charitablc Company and of the profit or loss of the Charitable
Coinpany for that period. In prcparing these financial statcm¢nls, we are reqiiired to..
select suitable accounting policies and th¢n apply them consistently.
make judgetnents and estimates thal are reasonable and prudent.
slate whether applicablc UK accounling standards have been followed, subject to any material
depaitures disclosed and explaincd in the financial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to prcsuEne
that the Charitable Company will continue in business.
Wc air responsible for keeping proper a¢counting records that are sufficient to show and explain the
Charitable Company's transactions and disclose with reasonable accuracy at any time the financial
position of the Chai'itable Company and enable us to ensiire that the financial statements comply with
Clifton DIoc￿e Annual Repoi'i 2020
15

TRUSTEES, REPORT
the Companies Act 2006. We are also responsible for safeguarding the assets of th¢ Charitable Company
and hence for taking reasonable steps for the prevention and detection of fraud and othei. irregularities.
We al'e responsible forthe maintenance and integrity ofthe corporale and financial inforn)ation included
on the Charitable Cotnpany's website. Legislation in the United Kingdotn governing the preparation
and dissemination of financial statements may differ from legislation in other jurisdictions.
In so far as we are aware:
There is no relevant audit infomiation of which the ch&i'itable company'5 auditor is unaware.
and
The Triistees have takcn all steps that they ought to have taken to make themselves aware of
any relevant audit inforn)ation and to establish that the auditor is aware of that information.
Clifiot7 Diocese Annual Report 202
16

STRATEGIC REPORT
STRATEGIC REPORT
ACTIvrrIES AND ACHtEVEMENTS DURING THE YEAR
The Diocese's key objectives to enhance the work aiid support the strategy of the Diocese in 2020 was
impacted by the Coronavirus pandemic and as a result there was a significant focus on supporting the
parishes during this difficlilt time. It was necessary to re-prioritise activities in order to work effectively
and the following was achieved..
Ongoing guidance and support provided to parishes following the closure of places of worship
dui'ing the l(xkdown periods. This iiicluded the initial provision of PPE and cleaiiii)g equipinent
and detailed risk assessments to support the safe reopening of Churches for private prayer and
thc celebration of public Masses.
Due to the loss of parish incoine following the closui'e of the Churclics, and reduced attendancc
as a resiilt of capacity I'estrictions on¢e public Masses recommenced. ongoing finaiicial support
was provided to thc parishes by a reduction in the parish share contributions.
The Job Retention Scheme ha5 been utilis¢d to support parish employees who w¢r¢ iinable to
work due to the elosed of the Chiirches and parish facilities.
Online paym¢nl fun¢tionality was implemented on over ninety parish websites and parishes
pioinotcd th¢ use of standing order payments.
Pi'ovision of ti'ainiiig foi. Calechists by the Department of Adult Education and Evangelisation
switched to online learning and completion in linc with thc original schedule.
Live stream of Masses implemented in over thirty parishes within th¢ Diocese, which enabled
parishioners to participat¢ in the Liturgy when they were unable to attend in person. Parishes
without the live streaining functionality actively promoted streaming at the Cathedral Church
via their own websites and newsletters.
Online Governors briefings were provided to our dio¢esan schools by the Department of
Schools & Colleges with attendance significantly higher than face to face meetings.
The Diocesan website utilised to pi'ovide resources for parishes and individuals during the
Coronavirus pandemic including video reflections and prayers.
Implementation of an online case m8n&gement system for safeguarding.
Clergy Support
One scminarian was ordained a Priest in July and will start as Assistant Priest in a P￿.ish dui'ing
Scpl¢mber. There is currcntly OTr¢ remaining seminarian in fonnation for the Diocese, who was
ordinaled Deacon in July. Due to th¢ closure of St John's Seininary in Wonersh, he will move to Allan
Hall Scminary in London for his final year.
There are a couple of potential candidates thal are considering the priesthood and they are being
supw)rted ill their discernment by the Diocesan Director of Vocations.
There are elcvcn students in fomation for the Permanent Diaconate, with a further three potentially
joining the programine in September 2021.
Clifion Diocese Anniial Report 2020
17

STRATEGIC REPORT
Throughout the year three Diocesan priests celebrated theii. ordination jubilees, with one pi'iest
clebrating his Golden Jubilee of fify years as a priest.
Education
Implementation of the Diocesan School Strategy for all schools to be in a Multi-A¢ademy Trust or
Academy ready by 2021 contiiiucs to a key prioi'ity for the Dioc¢sc and in order to support this activity,
the Schools Partnership Officer role was made a permanent position in February 2020.
The seven s¢hool partnei'ships continue to complete the due diligcnce exercise in preparation lo commit
to the fom)al process of joining a MAT at the appropi'iate time. However, two of the partnerships have
piogi'essed sufficiently with Ihcir planning to enable ihein to be accepted on the Dcpartment of
F.ducalion's pilot scheme, which is supporting schools with the fom)ation of Multi-Acad¢iDy 'friists.
Under the scheme, govei'nincnt funding has been provided to cov¢r legal and project Inanagement ¢osls
incurred as part of the transfer of individual schools into the ncw'l'rusts.
As the government directive continues to focus on Miilti-Acad¢my Trust structtiiES going forward,
r¢gular meetings al'e held with the Regional Schools Cotnmissioner and the Rcgioiial Delivery
Dire¢lorate to siipport the ongoiiig engagement with the sch(K)I partn¢rships.
Pastoral and Formation Activities
The Coronavirus restrictions in place across England over the last twelve tnonths have had an impact
on pastoi'al and foiination activities. Anniial cvcnts siich as the Diocesan Day and the pilgrimages to
Lourdes and the Shrine of Oui. Lady iii Glastonbury have all been cancellcd. It was also necessary to
cancel the planned 'ln the Footsteps of St Ignatius, pilgrimage to Spain.
Despite the constraints on groups meeting together, ongoing foiination for the laily has continued
remotely and thc new Pastoral Ministry Course was laiinched diiring the year. Five people have been
accepted on the course, which is liiiktd to the University of Loyola in Chicago, with the aim of
developing their pastoral skills, understanding and confidence in supporting our parishes.
Catechetical fomiation has also contiiiued remotely with an increased number of students joining the
course. Th¢ use of Microsoft Teams and the discussionlchat room functionality has enabled participants
to engage with ea¢h other to share experiences.
Due to thc wide geographical Sp￿ad of th¢ Diocese the use of online meetings has encouraged some
individuals to parli¢ipate in courses as the need to travel to venucs lias been removed. Face to face
mectings will resume when possible, however, & blended approach will b¢ adopted with remote sessions
continuing lo be facilitated as appropriate.
Property
The Diocese was aW￿.ded two grant5 from the Historic England Cultural Recovery Fund to support the
fiinding of significant capital repairs proj￿1 on Grade l and Gl'ade Il listed biiildings where thc work
had 51allcd due to the Coronaviius pandemic. St Mary's Church. a Grade J1* listed building in Cricklade
received a grant of £64,500 towards th¢ costs of undei'pinning to north wall of the Chiirch and
construction of a new biirtress. Oui. Lady of the Annunciation in Woodchester, a Grade I listed building.
wa5 awarded £58,200 for urgcnt repairs to the external walls. The associated works on both properties
have now been completed.
Clifton Diocese Anniiul Repoi'l 2020
J8

STRATEGIC REPORT
The refiirbishment of the Catholic Chaplaincy for tl)e Universities of Bristol commenced in Mai'ch 2021
and the projcct is scheduled foi. coinpletion by May 2022. It is planned for the residential facililat¢S to
be available for students from the 2022123 academic year.
Work has also commenced on the refvrbishment and repairs of St Bernadette's, a Grade 11 listed
biiilding in Whitchiirch, Bristol. The project includes repairs to the iconic roof structure, replacement
of glazing units, the provision of disabled access and an upgraded energy efficient heating system. The
building works are due to be completed in De¢ember 2021.
To support health atkd safety cotnpliance throughout the Diocese an online managetnent system has
bcen implemented. The system provides cach parish with the functionality to maintain records such as
elevlri¢al eertificates, gas safety ceitifiLales and legionella insp￿tionS in a centi'al plaee. An addili()nal
function is a diary management systetn which highlights wl)en new inspections are required.
Finaiieial Impact of the Coronavirus pandemie
Following the closui'e of our chui'ches in March 2020 financial support has been provided to the parishes
by a r¢du¢lion in parish shar¢ conli'ibulions. 'I'li¢ total support providcd duriiig the y¢ar was £673k. As
the Churches remained closed through Easlei., financial support totalling £123k was also provided to
Diocesan parish priests in lieu of the annual Easter offcrings.
Witli the continuing impact of the pandeJnic on oui. pai'ishcs it was agiEed to provide ongoing financial
support throughout 2021. Adjusted pai'ish share contribiilions for the year have been Calculated and in
order to fund the reduced incotnc from these adjustsnents it was agreed to drawdown £lm from
restricted and designaled ttserves to support the fvnding of the Curia operational budget for 2021.
In spite of the ongoing need to use reserves during the pandemic, the Trustees are confident that the
ongoing support for the parishes can be provided, and the Diocese continues to be a going concern.
Financial risk management objeetives
As dcscribcd in the Triist¢e5' report, the Charitable Company has cstablished a risk and finan¢ial
anagement framework whose primaiy objectives are to pi'otect the Charitable Company from events
that liinder the achievement of the Charitable Company'% objectives. The Charitable Company has no
opcrations outside of the UK and is not exposed to movements in exchange rates, and therefore does
not enter into transactions with derivative instruments. Cash flow and liquidity risk is eovered by
forcoasting 2nd management of cash. The Chai'itable Company has no significant individual debtors
and therefore limited Li'edil i'isk.
Key are￿ ofwork for the futllre
Ongoing review of the five-year plan for Curia expenditure and Free Reserves, with
consideration given to targeted fundraising activities if n¢¢essary
Continue to encourdge all vocations within the Diocese and work with the Vocations team to
bring forward candidates for the priesthood
A¢tively supp)It the pilot proje¢t with the Department of Education for the fomation of the
first two Multi Academy Trusts within the Dio¢ese
Ongoing review of parish and deaneries structures with a particular focus on clergy resource
Clifton Diocese Annual Repoi'l 2020

STRATEGIC REPORT
As COVID-19 measure5 are ttlaxed, support oui. Diocesan communities to focus on three key
areas..
Responding to the Cry of thc Poor
Rcsponding to the Cry of thc Earth
Cclcbraling good Liturgy that engages with people's expei'i¢nc¢s
Promote contactless giving and the use of standing orders to generate income for parishes
Continuc lo ulilise technology as a medium for evangelisation by the provision of resour¢es
on the Diocesan website and Ihc availability of online formation eoiirses
FINANCIAL REPORT FOR THE YEAR ENDED 31 DEI CEMBEI R 2020
The Financial Statements have been prepared in accordan¢¢ with the principlcs contained in the Statement
of Recommended Practice for Charities (SORP 2015) (Second Edition, effective l January 2019)- issued
by the Chai'ity Commissioners for England and Wales and in accordance with the accounting policies set
out in note I to the Financial Statements.
The Financial Statements do not include any value for school properties. Trustees consider that no
meaningful value can be attributed to these assets, since they are not used directly by the Charitable
Company. They do not generate income and cannot be disposed of in the open market or put to alternative
iise while such occupation, which may be indefinite, contiiiues.
Curial Funds
Curial incoinc includes the parish share, which is a contribution from the Diocesan parishes towards the
running costs of t]1¢ Curia. It is presented in the published accounts as a'lransfer between funds"
Total Curial in¢ome was lower in 2020 at £9l4k compared to £1,488k in 2019. as a one-off property sale
of £540k during 2019 increased the income for the year. There was an overdll gain of £391k on fixed asset
investinents iii 2020 compai'ed to a gain of £996k in 2019. Included in the 2020 investment gain was a
£136k inciEase in tl)e revaluation of investincnt properties (nil in 2019). The investment portfolio
generated investment income of £212k in 2020 (2019.. £247k).
Total Curial expenditure was £2,812k (2019.. £4,131k). Tliere ar¢ a number of reasons for the
decrease. 2020 saw less expenditure on buildiiig costs and professional fcc5 in relation to Ciirial tnanaged
chuirh projects. More expeiiditure in 2019 on siipport for school improvements in specific Diocesan
schools. Savings from holding vacancies in 2020 É￿d lower expenditure in 2020 on genci'al operational
costs du¢ to reduced face to face &ctivity during the pandemic.
Overall, Curial Funds decreased in the year by £465k {2019: increase of £120k).
Total Ciirial Funds at 3 l December 2020 were £18,134k (2019.. £18,599k) of which £12,723k (2019..
£13,393k) were unrestricted. Fixed assets account for £1,075k (2019: £978k) of total Curial Funds of
which £841k (2019: £735k) is unreslri¢l¢d. Total Curial Funds include £635k (2019: £912k) net
balances due from pai'ishes.
CliftoFJ Diocese Repoi't 2020
20

STRATEGIC REPORT
Paroehial Fund5
Thc unrestricted offertory, donations and legaeies income for the year was £4,490k (2019..
£6,283k). Income from ¢hai'itable activities, including fundraising income, was £1,457k (2019..
£2,309k). The main reason for the ttduction in incomc is due to ¢hiirches being closed or opened witli
reduced ¢apacity diiring the year due to the pandemic.
The charitable expenditurc by the parishes was lower in 2020 at £6.Om (2019.. £7.4m). This was due
tnainly to churches being closed for part of the year and parish employees being placed on fyrjou￿,
resuliiiig in Irduced operating costs.
Overall Pai'ish Funds incrca5cd in the year by £125k (2019.. £1. I k).
Total Parish Funds at 31 December 2020 amountcd to £28,687k {2019.. £28,562k) of which £27,717k
(2019.. £27,607k) was U[￿¢StrICted. Freehold land aiid buildings account for £14,225k (2019-. £14,820k)
of total Parish Funds of which all are unrestricted.
INVESTIVIENT POWERS
The Trust Decd auihorises the Trustees to tnake and hold investments using the ￿ndS of the Charitabl¢
Company without any i'estrictions, according to the law for the time being in force and in the purchase of
rcal pioperty of any natur¢ or teniire. In the casc of property held as peiinanent endowments, no
IIIVe5tm¢nt miy be made in any manner not aiithorised by or without such consent required by the
instrument crcating the pernianent endowment and no sale or exchange of real property shall be made
without the consent of th¢ Charity Commissioncrs and the Companies Act 2006.
Investment Policy and Perfortnance
Investment balances are managed by Tilney Stnith & Williamson on a discrctionary basis. The aim of
the investment portfolio is to ￿aintain the purchasing powcr of the capital while maintaining an income
stream. Gcneral Diocesan deposits are invested in a spread of short-terni bank dcposit5. In 2014 a
secondary investm¢nl portfolio was established with a smallei. proportion of equities than th¢ main
portfolio in the anticipation of generating better i'etuins than fixed interest dcposits.
The Investment Committee reviews the p¢rforn)ance of the tnain portfolio against the appropriate
indices. The primary benchmark index is RPI with a secondary benchtnark of the APCIMS Balanced
Index. Excluding additional investment, the underlying funds increased in value by 5.5 % {yield and
capital growth). The Trustees remain confidentthat the perfomance demanded by the investment policy
will continue to be achieved against the backdrop of a currently volatile market.
The Investment Committee ¢ontinues lo invest Diocesan fiinds in accordance with an ethical policy which
wa5 amended in 2020 to spccifically exclude investtnents in companies which receive more than IOO/o (as
a de minllnus value) of their revenues from..
Adult entertainment
Prodiiction of contraceptives
Healthcar¢ relating to abortion5
CliftoF7 Diocese Anniial Repop'l 2020
21

STRAI'EGIC REPORT
Militarylarmaments
Gambling
Tobacco
Alcohol
RESERVES POLICY
The free reservcs held by the Charitable Company are thosc fi]nds that are freely available to be S￿nt in
pursuing the Chai'itablc Compaiiy's pui'pose. Tangible fixcd asscts, pern12nent endowment. resh'icted and
designated filnds are not included in fr¢¢ r¢s¢rves.
The free reserves of the Charitable Company at the financial year-end w¢re'.
2020
£'ooo
46,821
2019
£'oo
47,161
Total Funds
Less.. Pem)anent Endowment Funds
Restricted Funds
Dcsignaled Fiinds
Tangiblc Trixed Assets
(875)
(5,506)
(5,708)
(15,066)
(847)
(5,314)
(4,889)
(15,555)
Fl'ee Reserves of the Charity
19,666
20,556
The Trustees Carefully monitor the level of fre¢ I'eserves as part of tlicii. longer-lem financial plannii)g
that includes not only the on-going pi'ograinme of property repai13 and new builds bul includes a ten-year
programme of schools, expenditure. The officers on behaifof the Trustees also monitor cash on a day to
d&y basis to ensure liquid funds are available for routine expenditure.
In view of the nature of the Charitable CoJnpany, the Trustees consider that the holding of reserves is
necessary to piovide a buffer against short-term fluctuations in in¢ome and expenditure and to provide
sufficient resources to implement long-tem projects which are by their nature uncertain in their financial
cffc¢l. The timing of the call for Diocesan fvnds for the schools, building programme will depend on the
availability of funding by the Education Funding Authority.
Free reserves have decreas¢d by £890k during the year. The free ttserves represent 23 months of recutTing
utw¢stricted expenditure (2019.. 24 months). In the light of the long-term chara¢t¢ristics of the expenditure
plans thc Ti'ustees consider that thc Charitable Company should maintain free reserves of at least 24
months recurring unrc5tricted expenditure.
The paro¢hial free reserves foi'm £13.2m (2019.. £12.Sm} of the total £19.67m (2019.. £20.5m)- It should
also be noted that whilst the balance sheet shows "cash at bank and short-tct7n deposits" of £22.6m
(2019.. £23.9m), this balan¢¢ includes sale proceeds of £5.2m (2019.. £5.7m) held for future schools
building projects and other funds held for restricted pury)ose5.
ClifioF7 Diocese Anniial Repovi 2020
22

STRATEGIC REPORT
Approved by the Trustees on the )' September 2021 and signed on their behalf by..
li
Rt. Rev. Declan Lai)g
Bishop of Clifton
{Chairman)
Clifton DioceseAnp711a/ Repori 2020
23

AUDITOR'S REPORT
Independent auditor's repoi* to the members of Clifton Diocese
Opinion
We have audited the financial stateinents of Clifton Diocc5c for th¢ year ended 31 December 2020
which comprise the Statemeiit of Financial Activities, Balance Sheet, Siulemenl of Cash Flows and
notes to the financial statetnents, including a suininaiy of significant ac¢ounting policies. The financial
reporting frainework that has been applied iii thcir prcpai'ation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Fillaneial Repop'lippg Siandap'd
applic£7ble the UK and Republic of Irelaiid {Unitcd Kingdoin Gcnei'ally Accepted Accounting
Practice).
In our opinion, the financial statements..
give a Irii¢ and f8ir view of the state of the eharit&ble company's affairs as at 31 December 2020
and of the charitable company's net movement in funds, including the income and ¢xpenditure,
for the year then ended-
have bccn propcrly pi'¢pared in a¢¢ordance with United Kingdom Generally Accepted
Accounting Pi'aclice; and
have been prepared in accordance with the requirements of the Companies A¢t 2006.
BASIS for opinion
We condiicted our audit in accordance with Iiitci'national Standards on Aiiditing (IJK) (ISAS (UK)) and
appli¢able law. Our responsibilities under those staiidai'ds are fuither dc5cribed in the Auditoi s
responsibilities for the audit of the financial statements scction of our report. We are independent of the
charity in accordaiice with the ethical rcquircmciits that are relevant to oiir audit of the financial
statements in the UK, including the F,RC's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordancc with Ilicse requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to pi'ovide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slatemenls, we have ¢on¢luded that the trustees, use of the going concern basis
of accounting in the preparaiion of the financial statements is appropriate.
Based on Ihe work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or ¢olleelively, may cast significant doubt on the charitable
company's ability to continue as a going concern for a period of at least twelve montl)s fi'om when the
financial statements are aiithorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant scctions of this report.
Other information
The ti'ustccs ar¢ r¢sponsible for the other inforn)ation. The other infomation comprises th¢ infoi'mation
included in the Triistees, Report. Our opinion on the financial statements does not cover the other
inforination and, except to the extent otherwise explicitly staled in our report, we do not express any
form of assui'an¢e conclusion thereon.
In connection with our audit of the financial statcments, our ￿SpOnsIbl11ty is to read the other
inforn)ation and, in doing so, consider whether the other infoimalion is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
missiated. If we identify such material inconsistcncics or appai'eiit matcrial misstatements, we are
requii'ed to determine whether there is a tnaterial tnisslalement in the financial statements or a materi&l
misstatement of the other infomation. If, bascd on thc woth we have perfomied, we conclude that there
is a material Inisstatetnent of this other information, we are required to report that fact. We have nothing
to report in this regard.
CIF]lon DioceseAnKiial Repori 2020
24

AUDITOR'S REPORT
Opinions on other matters prescribed by the Cojnpanies Act 2006
In our opinion, based on the work iindertaken in th¢ course of the audit..
the information given in the Trustees, Report (which incliides the strategic report and the
directors, report prcpared for the purposes of coJnpany law) for the financial year for whicli thc
financial statetncnts arc prepared is consistcnt will) the financial statem¢nts' and
the strategic report and the dii'ectors, report incliided within the Trustees, Report have been
pi'epared in accoi'dance with applicable legal requireinents.
Matters on iyhieh we are required to i'eport by exception
In the light of the knowledge and undei'sldnding of the chai'it1c ble cotllpany and ils environment obtained
in th¢ course of the aiidit, we have not identified material misslatcments in the Trustees, Repoit (which
incorpoi'at¢s the strategic report and the directors, report).
We Iiavc nothing to report in respect of the following mattets in relation to which the Companies Act
2006 requires us to report to yoii if, in our opinion=
adeqLiat¢ accounting records have not been kept by the charitable company, or retui'n5 adequate
for our audit have not been received fi'oin branches not visitcd by us. or
the charitable cotnpany financial statemenls are not in agreement with the accounting recoi'ds
and returns. oi.
ccrtain disclosures of trustees, remuneration specified by law are not made. or
we have not received 211 the infornialion and explanations we require for our audit.
Responsibilities of irusteu for the financial statements
As explained mor¢ fully in the trustees, responsibilities statement set out on pages 15 and 16 the trustees
(who are also thc directors of the charitable company for the purw>ses of company law) are rc5ponsible
for the preparation of the financial stateincnts and for being satisfied that they give a ti'ue dnd fair view.
and for such internal control as the trustees detcrn]ine is necessary to enabl¢ the preparatioii of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the chai'itabl¢ company's
ability to continiie as a going concern, disclosing, as applicablc, matters related to going ¢on¢em and
using the going con¢¢m basis of accounting unless the ts'ustees eithcr intend to liquidatc the charitable
company or lo ¢ease operations, or hav¢ no realistic alteinative but to do so.
Auditor's responsibilities for the audit of the financial statement$
Our obJ￿tIVeS ait to obtain reasonabl¢ a.qsiirance abotit whcther the financial statements as a whole aiE
free frotn material misstatement, whcther diie to fraud or errol., and to issue an auditor's report that
incliides our opinion. Re£1sonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordanc¢ with ISAS (UK) will always delect a material misstatement when it
exists. Misstatements can arise fi'om fi'aud or error and al'e considered material if, individually or in the
aggrcgale, they COLild reasonably be expected to influence the econornic decisions of users taken on the
basis of these financial statements.
Irregularities, incliiding fi'aud, ai'e instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregiilarities, including fraud. The extent to whi¢h our procedures are capable of detecting
irregularities, including fraud is detailed below..
Based on our understanding of the eharitable company and the environtnent in which it opei'ates, we
identified that the principal risks of non-compliance with laws and rcgulations related to compliance
with Canon Law, Company Act 2006, Charities Act 2011, employment law and health and saf¢ty
regulations, and we considered the extent to which non-compliance might hav¢ a material effeet on the
financial statements. We also considered those laws and regulation5 that have a direct impact on the
Clifion Diocese All￿lia1 Report 2020
25

AUDITOR'S REPORT
prcparalion of the financial statements such as Canon Law, Companies Aet 2006, Chai'ities Act 2011,
The Statement of Recommended Practice for Charities (SORP 2015), FRSI 02 and payroll taxes.
W¢ evaluated management's incentives and opportunitlC5 for fraudulent manipulation of the financial
slalements (including the risk of override of controls), and d¢temiined that the principal risks wcre
related to recognition of income and managcment bias in certaii) accounting estiinates. Audit pi'occdui'es
perfomied by the engagement teain included..
Ii)specting trust¢¢s minutes
Inspecting correspondence with regulators and lax authorities.
Discussions with management including considcralion of known or suspected instances of non-
Compliance witk laws and regulatioii and fraud.
Evaluating Inanagement's controls designed to prevent and detect iiTegularities'
Identifying aiid testing journals, in particular journal entries posted with unusual accoiint
combinations, postings by unusual users or with iinusual descriptions; ai)d
Challei)ging assumptions and judgeinents tnadc by management in their critical accounting
estimates.
A further description of our responsibilities for tlie audit of Ilie finaneial statements is located on thc
Finan¢ial Reporting Coiincil's website at.. NNww.frc.or
-uklauditorsres
onsibilities. This description
fomis part of oui. auditor's report.
Use of our report
I'his r¢port is made solely to the charitable coinpany's mcinbers, as a body, in accordance with Chaptcr
3 of Part 16 of the COm￿nieS Act 2006. Our audit work has been undertaken so that we might state to
the charitable company's members those mattcis we are required to state to them in an Auditor's report
and for no other purpose. To tlie fullest ¢xt¢nt pcmiilled by law, we do not accept or assuine
responsibility to anyone other than the charitable company and the charitable company's members as a
body, for our audit work, for this repoit, or for the opiiiions we have fonned.
Kathryn Burton (Senior Statutory Auditor)
l O Queen Street Place
For and on behalf of Haysmacintyre LLP, Statutory Auditors
London
EC4R I AG
Date.. 13th September 2021
Clifton Diocue Ann￿al Repori 2020
26

FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2020
Clifton DioceseAnF711al Repoi'l 2020
27

(0￿0
i OKO
OO£wrO

FtNANCIAL STATEMENTS FOR THE YEAR ENDF.D 31 DECEMBER 2020
BALANCE SHEET AS AT 31 DECEMBER 2020 for Cliftou Dio¢e8e Compally No. 11>462076
2020
Parochial
2019
Curi
To¢AI
Curial
Parochial
Tthal
£'ooo
Notes
F'IXbD ASSETS
Tangible fixed assets
Invcslments
10
1,075
11,866
12,941
14,225
3,438
17,663
IsJfju
ISJ114
30,604
978
14.820
3,037
17.857
15,798
CURRFNT ASSETS
Debtors
C￿￿h wt bank and in hand
12
800
10,764
11.5(A
805
22,590
23,395
486
11128
614
47
1.739
S33
11.826
LIABILrriES
Creditors.. amounts fllll¥n8 due
within one year
CuTliI.' amounts due from parÉshe5
wiihiji one year
Parislies.. amounts duc from eurio
within one year
Parish loans
13
{1.787)
1831 11,870)
{5811
1146}
{727)
33
33
1341
134)
133}
13Jl
34
34
70
12.069
70
Nbl. CIJRRENT ASSETS
9.812
TOTAL ASSETS LESS
CURRENT LIABILITIES
52,129
23.522
29,461
Creditots". 8mout)ts Callin8 ￿er
more th8n one year
14
15.252)
1561 (SJ081
15.7651
(571
15,8221
P8rish loans
633
16331
842
18421
NEf ASSETS
18,134
46021
18,599
28,562
FUNDS
Curial
£'ooo
Total
£'ooo
Curial
£'o
Parochial
£'ooo
Totsl
£'ooo
Note5
£'aoo
RESTRtCTED FUNJ)S
Permanwjt cndowm¢J)I funds
Re*ricted in¢om¢ ftsnds
15
16
657
4.754
218
752
970
636
847
744
955
UNRESTRicfED FUNDS
Designaied funds
Gcttcral fund
17
18
6.254
6,469
12,723
14.520
20,774
19ffj66
40,440
5.333
20,444
TOTAL FUNDS
46,821
18.599
The balanc¢ sh¢el was approved by th¢ Board of '] ru5tee5 on the 1st Septetnber 2021 and signed on
thcir bchalf by the Chairinan and Bishop, Right Rcvcrend Declan Lang=
Rt. Rev. Declan Lang
Bishop of Clifton
(Chairman)
Clifion Di(Kese AnnNal Reporl 2020
29

FtNANCIAL STATEMEwfs FOR THE YEAR ENDED 31 DECEMBER 2020
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020
2020
£'ooo
2019
£'ooo
Notes
Cash flow from operating activities:
Net eash (used in) opei'aling ackivilies..
21
(265)
(618)
Cash flows from investing activitie$:
Dividends, intei'est aiid rents from investinents
Proceeds from the sale of pi'operty, plant and equipment
Pui'chase of property, plant and cquipment
Proceeds from the sale of inv¢stm¢nts
Pui'chase of investtncnts
Investment Fees adjusttn¢nt
Cash held for investincnt
Nel cashprovided by (iised in) invesling aclivi¢ies.'
458
10
(305)
4,559
2,289
(4,739) (2,273)
58
58
612
269
448
977
10
1,277
restated
Cash flows from financing activities:
Repayments of boi'rowing
Cash inflows fiom new borrowing
Re¢eipt of endowment
Nel cashprovided by (used ip7)fip7ancing aelivilies.-
Change in cash and cash equivalents in ihe reporting period:
Cash and cash equivalcnls at the beginning of the rcporting period..
Cdsli aiid cAsli eqiiivftlenls ai ihe endof tlie reportiiigperiod..
(1,277)
269
23,867 23,598
22,590 23,867
The notes on pages 31 to 55 foiin an intcgral part of these financial statcments.
Clifion Diocese An￿¥[￿1 Rep￿.1 2020
39

NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTtNG POLICIES
Basis of accounting
The financial statetnents have been prepared in accordance with the Finaneial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Statement of Recomtncnded
Practic¢ for Charities (SORP 2015) (Second Edition, effective l January 2019) and the Companie5
Act2016
Thc Chai'ity is a Public Bencfit Entity registered as a charity in England and Wales.
The priiicipal accounting policies which have been adopted on a wnsistent basis within that
conv¢nlion ar¢ set out below.
Going concern
In spite of the need for Ti'ustees to use £lm of coinbined dcsignated and restrictcd ttserves in 2021
to continue to support parishes through th¢ pandemic (by reduccd parish share contributions) the
Trustees consider they are still able to continuc as a going concern. A cashflow Statement has been
produced uplo Sept 2022 and reserve levels and future plans have been revicwed all of which give
Trustees confiden¢¢ the charity remains a going concei'n foi. the foreseeable future.
Critiul accounting judgements and key sources of estimation uncertainty
In the application of the accounting policies, Trustees are itquired to make judg¢ment, estimates
and assumptions about the carrying value of assets and liabilities that are not readily apparcnt fi'om
oihci. sources. The estitnates and iinderlying assumptions are based on historical experience and
other factors that are relevant. Actual results may differ from these estimatss.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are rccognised in the period in which the estimate is r¢vised if the revision
affects only that period, or in thc period of the revision and futiire periods if the revision affected
current and futurc p¢riods. The Trusle¢s eonsider the estiTnalion of lise￿I life of fixed assets to be
an are& of judgeinctLt and estimation that liave a significant effect on the financial statements.
Further details on these judg¢ments are providcd below under tangible fixed assets. Investment
property has been valued in accordan¢e with the policy notcd below.
In the view of the Trustees, no assuinptions con¢erning the future or estimation uncertainty
affecting assets or liabilities at the balance sheet dat¢ arc likely to result in a material adjiistment to
their carrying amounts in the next financial year.
Ineome and endowments
Incotne is recognised in the period in which the Charity is entitled to receip( it is probable that
income will be received, and the amount can be measured reliably.
Clif¢op7 Diocese AnniiulR8poI-12020
31

NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTING POLICIES (CONTINUED)
Donations and any associated income tax r¢claimable fiDm HMRC are recognised on a rexcivable
basis. Donations received for the genei'al purposes of thc Charity are credited to uniEStricted funds.
Donations subject lo specific wishes of the donors are carried to rcl¢vattt restricted fi]nds.
Legacies are accounted forwhen the conditions for their receipt hav¢ been met and the amount can
be quanlified with reasonable accuracy.
Donated assets are included in tlie Stalcmenl ofFinan¢ial Activities on a receivable basi5 using the
I0￿r of market value or the value to the Diocese.
Sundry grant income and grants obtsined on behalf of School Govemors are accounted for on a
r¢¢¢ivable basis (see Schools Accounting Policy below). Fundi'aising income is shown net of
associated costs.
Income arising from sales of propety is Ircogniscd as soon as there is a binding agreement. This
is Usually the date of exchange of contracts. However, if thc salc is conditional income is recognised
when those conditions have been fulfilled.
All incoine from endowment funds is restricted incomc and is expended in accordance with the
original tciThs of the endowment.
Income from Coronavirus Job Rclcntion Scheme (Furlough Scheme) is tsEaled as a Govcrntnent
Grant. The Grant is treated as income and the a5sociatcd salary costs treated as expenditure.
Expenditure
Expenditure is accountcd for in the period in which the Charity becotnes obligcd lo make a transfer
of value to a third paity- The irrecoverable element of VAT is included within the item of expense
to which it relates.
Where an itesn of expenditure falls directly within one cost category it is attributed to that category
only. Where expenditure involves More than one Category it is apportioned on a reasonable and
justifiable basis.
The Social Club cxpcnditure includes salaries, direct expenditure and overhead costs of running the
Charity's proprietary social club.
Grants and donations are payments the charity makes voluntarily to other institutions or individuals
to fuither its objcctives. I'hey are charged to the Statement of Financial Activities in tlie year in
which they are payable. Grants and donations also incllide amounts paid to charities or funds or
spent on specifi¢ projects. These sums have been collccted from parishioners for these specific
purposes.
Costs of charitable activities are analysed in th¢ notes by the type of activity.
Clift0fr7 Dioeese Anniial Repori 2020
32

NOTES TO THE fNANCIAL STATEMENTS
ACCOUNTDIG POLICIES (CoNTIr￿ED)
Goveinance in¢ludes the costs of maint2ining records, preparing the accounts, the secretarial
function regarding Triistees and other committee meetings.
Employee benefits
Shori ierin benefils
Short term benefits including holiday pay are reco￿lsed as an expense in the period in which the
service is r¢ceived.
Eipiployee lei'minalion benefils
Termination benefits are accounted for on an accrual basis and in line with FRS 102.
Pensions
The Trustees dcsignale an amount each year which is allocated to the Priests, Retirement Fund.
The Clergy Welfare Committee which tnanages this fund considers the needs of priests in
retiretncnt and makes appropriate grants.
In addition, the Pai'ishes made contribiitions for priest5 to a Group Personal P¢nsion Scheme.
Contributions are also paid for all eligible employees by the Curia to a Defined Contribution
Schemc. The assets of the Schemes are held separately from those of th¢ Charity in indepcnd¢nily
administered funds. The Pension Scheme charge represents contributions payable by the Charity
in accordance with the rules of the S¢hcJnes.
Schools
The Charity owns the land on which its voluntary-aidcd schools are built. The lla￿re of the
occupation of the land by th¢5c exempt and exc¢pt¢d charities mcans that the Diocesan TNsl¢¢s do
not have the power to dispose of thc land until Ilie school ceases its occupation, Ivhich in turn would
require the approval of the Seci'elary of State. Conscqu¢nily, for the piirposcs of these financial
statcments the land is not ¢apitalised. Thc cost of any land acquiied for the pui'poses of a voluntary
aided school is charged to the statement of finatkcial activities in thc year of acquisition.
Where it h8sbeen agreed with the School Governors and th¢ Department foi. Education thata school
property and the laiid on which it is sited is surplus to i'equiretn¢J)ts the share of thc proceeds due
to the Department for Education, and any other interested partie5, are netted off the total amount
receivable. Therefore, only the amount due to the Charity is credited to thc Statement of Financial
Activities.
The school buildings are occupied, improved, extended and repaired by the school govetijoi's. The
nature of thc o¢¢iipation of these buildings, by these exempt and exceptcd charities, means that the
Diocesan Trustees do not have control over the biiildings until the school ceases its occupation,
which in turn would rcquire th¢ approval of the Secretary of State. Consequently. for th¢ purpose
CliftoF7 Diocese Repoi'l 2020
33

NOTES TO THE FtNANCIAL STATEMENTS
ACCOUNTING POLlCtri S (CONTINUED)
of these financial statements any cost of new building is written off to the Statement of Fiiiancial
Activities in the yeai. in which it is ineurred.
Any grants donated on bel)alf of the Scliool Governoi's atE netted off against total costs as al'e the
sums received Ihiough the Voluntary Contributions Scheme (VCS) and only the residual cost is
included in Ihc Statement of Financial Activities.
The Diocese of Clifton includes 45 (2019.. 45) maintained schools, 16 Acadetnies (2019.. I8), 2
special schools (2019.. 2), 5 independent schools (2019.. 6) and 16" Forn) College (2019=1). Details
of the Diocesan Schools are listed in Ilie Clifton DioL¢san Directory.
Taxation
The Trustees consider that the Charity is largely exempt from income tax under the provisions of
the Income and Cortx)ration Taxes Act 1988 and the Taxation of Taxable Gains Act 1992.
Howevcr) provision is tnadc for taxation on the Social Club's income less expenditure.
Tangible Fixed Assets
Only tangible fix¢d asscts with a cost in excess of £5,000 have been ¢apilalis¢d.
(i) Freehold Land
Functional land, (i.e. land used for the primary purpose of the Chai'ity), is included
in the financial slalcm¢nls at oi'iginal c05t or where this is not available al an estimate of
its historic cost or ii) the case of donated land, al its fail. value at the date of reccipt.
(li) Freehold Buildings
Functional buildings (i.e. buildings used for the primary purpos¢ of the Charily) are
incliided in the fiiiancial statements at original cost or whei'e t])is is not availuble at an
estimate of their historic eost or in the case of donated buildings at an estitnale of their fair
value at the date of receipt. All new fiin¢tional buildings, improvements and major
renovations aiE capitalised al the cost of conslrnction.
The cost of assets held at 31 December 1996 was eslimated based on indexing back
reinstatement insurance valiies to the year of acquisition.
Rents are received in respect of certain properties which are held in furtherance of Ihe
Charity's objectives and mostly used by the Diocese. Only siirplus space is rented. These
pIDperties have therefore, all been shown as charitable functional properties.
(iii) Fixtures, Fittings and Equiptnent
The costs of Churches and the Cathedral include all fixturcs and fittings and organs which
forms part of the f2bi.ie of the building. All other fixtures, fittings and equipment are
includcd ITr the financial 5tatcm¢nls at ¢ost.
The insured valuc of buildings, cont¢ntS not capitalised is £24 million {2018.. £24 rnillion).
Clifton DioceseAnniiol Repoi-r 2020
34

NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTING POLlCItI S (CONTINUED)
(iv) Works of Art and Historic Treasi1￿$
Individual works of ail, histoi'ic treasures and plate are not capilalised, lls lii5tori¢ cost
infomation is not available. Because of the many locations over which these assets are
disperscd and theii. specialist natur¢, obtaining reliable infomation to estimate Iheii. cost
would be boil) tiine c0115uming and expensive. Tlie Tnistees bclicv¢ that the cost of carrying
out suLh an exercise would outweigh the bencfit of this information lo the user of the
ccouiits.
(v} Motor Vehicles
Motor vehicles have beei) capitalised and included in the financial statcmcnts at their
historical cost or in the case of donated assets, at an estitnalc of tlie value at thc dale of
a¢qiiisition.
Depreeiation
Depreciation of tangible fixed assets (excluding land) is ¢alculated to writ¢ off their cost le55 any
residiial valu¢ in equal annual instaltnents over their estimated useful lives as follows:
Churcli¢s built prior to 1941 and the Cathedral
Chlirches built 1941 and after
All Other Freehold BILildings
Majoi. Refurbishtnenls oi. Repairs
Motor Vehicles
Fixtures, Fittings and Equipinent
Freehold Pi'operty Additions
{100 years)
{75 ycars)
(50 years)
(25 years)
(S years)
(3 to 10 years)
(25 years)
Listed Investments
Invcstments are includ¢d in the balancc sheet at their mark¢t value at the balaT]ce sheet date.
Realised and unrealised gains and losses on inv¢stments are includ¢d in the Statement of Financia5
Activities in the year in which they ai'ise. Inve5ttn¢nl income is credited to income on an accruals
basis.
Financial instruments
Basic financial instruments are initially recognised at transaction value and subs¢quently measured
at amortised cost except for investments which are held at fair value. Financial assets held at
amortised cost comprise cash at bank and in hand, together with trade and other debtors. A spccifi¢
provisiori is made for debts forwhich recoverability is in doubt. Cash al bank and in hand is defincd
as all cash in instant access bank accounts and used as working eapital. Financial liabilities held at
atnortised cost compi'ise all creditors except so¢ial security and other taxes and provisions. Assets
and liabilities held in forcign cuirency are translated io GBP at the balance sheet date at an
appropriate ycar end exchange rate.
Clifion Diocese Anniial Report 2020
35

NOTES TO THE FtNANCIAL STATEMENTS
ACCOUIYTll44G POLICIES (COP4TIP4UED)
Investment Properties
Freehold investment properties owned by the Diocese are includcd in the balantt sheet at their
estimated market value at the balance slieel date. The valuation of invcstmcnt properties is
perforn)ed by the Diocesan in house professionally qualified valuer and valuations arc in
accordance with the RICS valuation- Global Standards 2017.. UK national supplement. As these
assets ar¢ recorded at market value i)0 charge for depreciatioii is made iii the accounts.
Realised and unrealised gains and losses on investment propeities are in¢luded within the Stateinent
of Financial Activities in the year in which they arise.
Fund Accounting
Funds held by the Charity are either..
Unrestricted general funds- these are funds which can be used in accordan￿ with the eliaritable
objccls at Ihc disci'elion of Ilic I iusl¢es.
Designated funds- these are funds set 8side by the Tn]stees out of ￿t￿eStricted general fijnds for
specific future pury)oses or projects.
R¢strict¢d funds- these are fvnds that can only be used for particular restricted purtxiscs within
the objects of the ch￿'ity. Restrictions arisc wh¢n specified by the donor oi. when funds are raised
for particular restricted purposes.
Pern)anent endowment funds
these funds represent those assets whieh must be held
pennanently by the Charity. Income arising on the endowtnent funds must be used in
accordance with the temis of the endowment.
Cash
Cash incliides cash in hand and deposits repayable on demand less overdrafts repayable on demand.
Deposits are repayable on demand if they can be withdrawn at any time without notice and without
penalty or if a maturity or periixi of notice of not tnore than 24 hours or one working day has been
agreed.
Liquid resources represent bank and building society dcposits Whe￿ the pei'iod of notice exceeds
24 hours or one working day.
Clifion Diocese Report 2020
36

Iny
t4
coowo
¢•0
ovosog

NOTES TO THE FfNANCIAL STATEMENTS
DONATIONS AND LEGACIES
2020
Parochial
£'ooo
2019
PaiDchial
Curial
£'ooo
Total
£'ooo
Curial
£'ooo
Total
£'ooo
£'ooo
Offertory
Donations
Legacics
Total
3,628
857
3,630
1,022
182
4,834
4,678
1,128
477
6,283
4,684
1,377
508
6,569
165
177
344
249
4,490
286
INCOMF FROM GOVLRNMENT GRANTS
2020
2019
Parochial
£'ooo
Curial
Parochial
£'ooo
Total
£'ooo
Cui'ial
Total
£'ooo
£'ooo
£'ooo
Coronavirus
Job Retention
Scheme
HNIRC Grant
School
Condition
Allocations
(SCA)
17
243
260
DfE
Grant
Total
18
243
261
INCOME FROM CHARrrABLE AcfiviTIES
2020
Curial Parochial
£'ooo
2019
Curial Parochial
£'ooo
£'ooo
Totsl
£'ooo
Total
£'ooo
£'ooo
Fundraisin& Gi'ants Rec'd
and Repository Sales
Iducalional Services
Training and Publications
Rental Income
Chaplaincy SeNices
Other
577
578
63
955
1,018
112
28
43
112
28
902
21
32
1,673
116
47
56
116
47
1,377
33
78
2,669
859
21
1,321
33
32
216
78
360
Total
1,457
2,3119
CliJPon Diocese Anniiul Reporr 2020
38

NOTES TO THE FINANCIAL STATEMENTS
INCOME FROM OTHER TRADING ACTIVITIES
2020
Curial Parochial
£'ooo
£'ooo
2019
Curial P￿.ochIaI
£'ooo
Total
£'ooo
Total
£'ooo
£'ooo
Social Club
Total
156
156
156
156
St Petsr's Social Club in Gloucester ceased trading in 2020
INVESTMETrrr INCOLl￿E AND INTEREI ST RECEIVABLE
2020
Curial Parochial Total
2019
Ciirial Paroehial Total
£'ooo
£'ooo £'ooo
£'ooo
£'ooo £'ooo
Income on UK listed investtnenls
Income on UK investment properties
Interest on UK cash held at bank
Total
212
51
263
58
247
23
(29)
241
56 303
24
47
127
98
207
448
21
37
130
218
137
458
240
Clifion Diocese Anniial Repovi 2020
39

NO'I'ES TO THE FINANCIAL STATEMENTS
XPENDTfuRE ON CHARITABLE ACTIVITIES
2020
2019
Curial Parochial
£'ooo
£'ooo
Curial Parochial
£'ooo
Total
£'ooo
Total
£'ooo
£'ooo
FAITH AND
EDUCATION
Worship
Clergy Support
Pastoi'al
Chaplaincy
Ediication
Pilgriinages
158
699
170
28
(78)
5,998
6,156
699
173
28
(78)
317
760
257
80
709
68
7.390
7,707
760
264
80
709
68
Total
985
6,001
6,986
2,191
7,397
SUPPORT
Bishop's Office
Governance
Finanee
140
165
775
34
494
125
60
140
165
775
34
494
125
60
135
170
806
10
582
138
66
135
170
806
10
582
138
66
Bstate Management
Safeguarding
Communications
Total
1,793
1,793
1.907
TOTAL
EXPENDITURE
2,778
6,001
8,779
4,098
7,397
11,495
Clifron Diocese AnNiiol Repor¢ 2020
40

NOTES TO THE FINANCIAL STATEMENTS
EMPLOYEE COSTS
2020
Curial Parochial
2019
Curi81 Parochia5
£'ooo
£'ooo
1,177
788
69
22
Total
£'ooo
Total
£'ooo
1,965
91
£'ooo
1,126
66
£'ooo
745
21
Salaries
Pension
Life Insurance
'mployer'sNIC
Total Employee Costs
87
110
1,308
16
782
126
2,090
114
1,365
20
830
134
2,195
The average number of employees during the year was 151 (2019.. 169).
Two employees had emoluments, excluding pension contribution4 within the band £60,000 - £70,000
(2019.. Three).
One employcc had emoluments, excliiding pension contributions, within the band £70,000 - £80,000
(2019.. One)
One employec had emolumcnts, excluding pension contributions. within the band £80,000 - £90,000
(2019: One)
The total remuneration for key management employees in 2020 was £456k (2019.. £397k).
There were eight termination payments for employees during 2020.
Redundancy
£llk
Payment In Lieu Of Notice
£2k
Total
£13k
There were no tetTnination payment5 in 2019.
Employee costs include £26k for holiday pay not taken during 2020 (£12k 2019).
None of the Trustees received remuneration for their work as Tnistces in 2020 (2019.. None). Expenses
totalling £83 {2019.' £3,020) were reimbursed to Tnjstees in respect of travel costs incurred.
The pricsls who are Trustees are housed and remunerated in th¢ir parishes and are reimbursed their
expenses for ¢airying out their priestly duties in the same way as pri¢5ts who are not Trustees. To assist
l)tm in the perfomance of his duties, the Bishop is PTovided with a house and his expenses, in carrying
out his office as Bishop, are paid from Curial funds.
Clifion Diocese Anniial Report 2020
41

u<<a<o<uJ<Z<N4

NOTES TO THE FINANCIAL STATEMENTS
11. FIXED ASSET INvESTLI￿NTs
2020
Curial Parochial
£'ooo
£'ooo
2019
Curial Parochial
TotAI
£>ooo
Total
£'ooo
£'ooo
£'ooo
Listed Investments
UK Investment
Properties
10,851
2,318
13,169
9.596
2,097
11,693
1,015
1,120
2,135
879
940
1.819
Total
11,866
3,438
1S?04
10,475
3,037
13,512
Listed Investments- Common Investment Fund
2020
2019
Curial Parochial
£'ooo
£'ooo
Total
£'ooo
Curial Parorhial
Total
£'ooo
£'ooo
£'ooo
Market Value brought
fonvai'd
Additions at Cost
Fees
Sale Pioceeds from
Disposals
Realised Gain/(Loss)
Unrealised Gainl(Loss)
Market Value carried
forward
9,317
2,033
11,350
8,384
1,689
10,073
3,980
(47)
759
(li)
4,739
(58}
1,858
(45)
414
(l3)
2.272
(58)
(3,774)
(60)
255
9,671
(716)
(9)
46
2,I02
(4,490)
(69)
301
11,773
(2,021)
145
996
9,317
(447)
34
356
2,033
(2,468)
179
11.350
Cash Held For Investment
1,180
216
1,396
279
64
343
10.851
2,318
13,169
9,596
2,097
11,693
Book Cost can'ied forward 9,319
1,939
11,258
6,853
2.855
9,708
As restated
Clifton Diocese AnnuÉTI Repori 2020
43

NOTES TO THE FINANCIAL STATEMENTS
UK Investment Properti£s
Investtnent properties are included at their estimat¢d open market valuation at the balance sheet date.
The valuation is pcrfomied by the Diocesan in house professionally qualificd valuer - Bsc (Hons)
MRICS and valuations are in accordanc¢ with the RICS valiiatian
Global Standards 2017.. UK
national supplement.
Movemenls in the investment properties h¢ld during the year welt as follows..
2020
Curial Parochial
2019
Total
£'ooo
Curial Parochial
£'ooo
£'ooo
Total
£'ooo
£'ooo
£'ooo
Valiiation
brought
foiward
Additions at cost
Disposals
Ti'ansf¢r from fixed
assets
Revaluation to
estimated open market
value
Valuation
caiTied
fonvard
879
940
1,819
879
940
1.819
136
180
316
1,015
1,120
2.135
879
940
1,819
Realised GaiDS I (L4)5ses) on Fixed A5$et Investment5
2020
Curial Parochial
2019
Total
£'ooo
Curial Parochial
£'ooo
Total
£'ooo
£'ooo
£'ooo
£'ooo
On Listed Investments
On UK Inv¢stment
Properties
(60)
(9)
(69)
145
34
179
Total
(60)
(9)
(69}
145
34
179
Unrealised Gains l (Losses) on Fixed Asset Investments
2020
Curial Parochial
£'ooo
£'ooo
2019
Curial Parochial
£'ooo
£'ooo
Total
£'ooo
Total
£'ooo
On Listed
Investments
On UK Investment
Properties
255
46
301
996
356
1,352
136
180
316
Total
391
226
617
996
356
lJ52
ClifioF7 Diocese Anniial Repori 2020
44

NOTES TO THE FtNANCIAL STATEMENTS
12.
DEBTORS: AMOUNTS FALLL¥G DUE wrrHtN ONE YEAR
2020
Ciirial Parochial
£'ooo
£'ooo
2019
Curial Parochial
£'ooo
Total
£'ooo
Total
£'ooo
£'ooo
Prepayments and Other
Debtors
Income T&¥ Recoverable (Gift
Aid)
Legacies
622
622
407
407
172
172
53
53
li
26
47
73
Total
800
805
486
47
533
P￿payMentS and other debtors include £15,498 (2019.. £10,602) in respect of loans to priests to
pui'chas¢ cars, on which no interest is payablc, and which are repayable within three years.
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
Cui'ial Parochial
£'ooo
£'ooo
2019
Curial Parochial
£'ooo
£'ooo
Total
£'ooo
Total
£'ooo
Deferred income
School Projects
Funding
Sundry ¢reditors and
accruals
li
li
278
1,424
1,424
278
352
83
435
292
146
438
Total
1,787
Loans falling due within one year are unsecured.
83
1,870
581
146
727
14. CREDITORS: AMOUNTS FALLING DUE AFf£R MORE THATr1 ONE YEAR
The following liabilities disclosed under creditors falling due after more than one year are un5c¢ured.
2020
Curial Parochial
£'ooo
2019
Ciirial Parochial
Total
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
Grants Repayable
Proceeds of sale of school site
payable
Sundry creditors and accrlials
Loans
73
73
73
73
5,691
5,178
5,178
5,691
56
56
57
57
Total
5,252
56
S,308
5,764
58
5,822
Clifion Diocese Anniial Repop'l 2020
45

NOTES TO 'I'HE rtNANCIAL STATEMENTS
15.
I NDOWMEI IYT FUNDS
The endowcd funds are pern]anent endowments.
The balan¢es on the main funds are as follows:
Balance
asatl
Janiiary
2020
£'ooo
Income Expendittire
Transfers
Gains
Balance
asat31
1055es December
2020
£'ooo
£'ooo
£'ooo £'ooo
£'ooo
CURIAL
Bishop's Support Fund
Clergy Training Fund
Clifton Mission Benefactors Fund
Heavens fund
Young Fund
Poor Missions Fund
Total Curial
142
124
142
146
72
10
636
147
128
147
150
74
21
657
PAROCHIAL
Pro Caihedral Endowment
Hlissey Endowment
Knight Endowment
Hensler Fund
Scoles Endowment
Patterson Endowment
Stapleton Bretliren Endowment
Fairford Mission Endowment
Algar Endowment
Malmesbury Mission Endowment
Nclson Endowmcnt
The LAdy 14etl)ert of Lea Fund
Carey Trust Endowment
Board Endowment
Barii¢s Trust Endowment
Lucy Sharp Fiind
Total P#roehial
£'ooo
£'ooo
£'ooo
£'ooo £'ooo
£'ooo
18
12
18
12
13
15
14
16
14
14
33
15
15
15
34
15
21
20
211
22
20
218
Dioeese Total
847
28
875
Clijkon Diocese Repori 202Q
46

NOTES TO THE FINANCIAL STATEMENTS
15.
NDOWMENT FUNDS (COIYTINUED)
Comparativc figures for 2019=
Balance Income Expendilure Transfers
asatl
Janiiary
2019
£'ooo
Gains
Balane¢
asat31
Losses Decembei.
2019
£'ooo
£'OIK)
£'ooo
£'ooo £'ooo
Bishop's Suppoit Fund
Clergy Training Fund
Clifton Mission Benefactors Fund
Hcavens Fund
Young Fund
Poor Missions Fund
TotAI Curial
123
110
123
127
62
19
14
19
19
10
142
124
142
146
72
10
636
S54
82
PAROCHtAL
£'ooo £'ooo
£'ooo
£'ooo £'ooo
£'ooo
Pro Cathedral Endowinent
Hussey Endowment
Knight Endowment
Hensler Fund
Scoles Endowment
Patterson Endowment
Stapleton Brethren Endowment
Fairford Mission Endowment
Algar Endowment
Malmesbury Mission Endowment
Nelson Endowment
The Lady l-lerbert of Lea Fund
Carcy Ti'ust E.ndowment
Board Endowment
Barnes"frust Endowjncnt
Lucy Sliai'p Fund
Total Paro¢bial
15
10
18
12
12
13
13
15
12
12
29
13
14
14
33
15
19
17
184
21
20
211
27
Diocese Total
738
109
847
Clijlon Dio¢￿e Repori 2020
47

NOTES TO THE FINANCIAL STATEMENTS
15.
ENDOWlVtEP4T FUNDS (COTrITINUED)
Curial Endowtnent$
Most of the endowments are for specific puryoses as follows..
The Bishop's Support Fiind is for the maintenance of thc Bishop's Officc at St. Ambr05e House
(whi¢h also serves as his r¢sidence)
The Clergy Trnining Fund is for the training of clergy and vo¢ational support
The Clifton Mission Bencfactors Flind is to say masses for certain individuals
The Fleavens Fund is the for the maintenan¢e and education of Catholic orphan girls
The Young F.und is to assist widows and distressed ladies
The Poor Missions Fund is for the assistance of poor parishes of the Diocese
Parochial Endoiyments
Most of the endowtnenls are for specific pai'ishes as follows:
Pro Cathedral- for the benefit of Clifton cathed￿[, Bristol
Huss¢y- for the benefit of the parish of St. John's, Bath
Knight- for the benefit of the parish of Sacred Heart5, Westbury on Trym
Hensler Fund - for the benefit of the Clifton Cathedral Parish, Bristol
Scoles- for the benefit of Ihe parishes of Chard, Crewkernc and Yeovil
Patterson- for the benefit of the parish ofchipping Camden
Staplcton Brethren- for the benefit of the parish of Chippenham
Fairford Mission- foi. the benefit of the parish of Fairford
Algar- for the benefit of the parish of Frome
Malmesbury Mission- for the benefit of the parish of Malmesbury
Nclson- for the bencfit of the parish of Downton, Salisbury
L8dy Herbeit of Lea Flind- for the benefit of St. Osmund's Parish, Salisbury
Carcy Trust- for the benefit of the parish¢s of Holy Rood, Swindon and St. George's, Taunton
Board- for the bciicfit of the parish of St. George's, Taunton
Barnes Ti'ust- for the benefit of the Sacred Heart Parish, Tisbury
Lucy sha￿ Fund - for the benefit of the parishes of St. John's and St. Mary's in Bath, and St.
Joseph'5 in Bridgwater
Clifton Diocese Anniiol Repoi'l 2020
48

NOTES TO THE FINANCIAL STATEMENTS
16. RESTRICTED FUIYDS
Balance
asatl
January
2020
£'ooo
Income Expenditure
Ti'ansf¢rs Gains &
(Losses)
Balance
asai31
December
2020
£'ooo
£'ooo
£'ooo £'ooo
£'ooo
CURIAL
Bishop's Charitable Fund
Bishop's Support Fund
Pi'iests, Retirement Fiind
Clcrgy Welfai'e Fund
Clergy Training Fund
Youth Development Fund
Youth Bursary Fund
Christ's Collcgc Education Fund
Curial Resti'icted Legacies
Curial I'rubt Funds
Fundraising ApFtals
Other Curial Funds
R¢stri¢led Fixed Assels Fund
Tot&1 Cllrial
112
31
14
251
84
232
753
469
233
615
389
172
200
62
17
10
76
73
12
14
1,485
662
785
20
12
14
1,485
644
781
20
17
234
4,754
23
70
28
29
26
26
17
243
4,570
315
496
329
36
PARoCH￿L
Parsons Fund- Jesuit
Cathedral Fund
Other Parochial Funds
Total Parocbial
181
116
447
744
185
120
447
752
(5)
(4)
Diocese Total
5,314
323
496
325
40
5,506
Clijkon Dioc&¥e Anniial Rgpop't 2020
4P

NOTES TO THE FINANCIAL STATEMENTS
16. RESTRICTED FUNDS (CONTINUED)
Comparalive figutts for 2019=
Balance Incotne
as at I
Januaiy
2019
£'i)00 £'ooo
Expenditure,
Balance
gainsl(losses)
asat31
and transfers December
2019
£'ooo
£'ooo
Bishop's Charitable Flind
Bishop's Suppoit Fund
Pi'iests, Retirement Fund
Clergy WelfaiE Fund
Youth Development Fund
Youth Bursaiy Fund
Christ's College Education
Fund
Curial Reskn'icted Legacies
Curial Trust Funds
fuiidrasqing Appeals
Restricted I,ixed Assets Fund
Total Curial
97
133
859
348
15
100
112
233
615
389
12
14
1.485
(244)
41
13
1,485
683
753
20
249
4,651
(21)
662
785
20
243
4,570
32
(6)
(271)
191
PAROCHtAL
Parsons Fund- Tisbury
Parsons Fund - Jesuit
Cathedral Flind
Othcr Paroehial Funds
Total Parochial
182
101
410
694
(i)
181
116
447
744
15
37
52
(2)
Diocese Total
SJ45
243
(273)
5,314
Restricted funds can only be used for a particular purpose.
The restrictions on the funds arc as follows..
Bishop's Charitable Trust- this fund is for charitable donations at the discr¢tion of the Bishop
The Bishop's Siipport Fund is for the maintenanct of the Bishop's o￿L¢e (which also serv¢s as
his residence)
Priests, Retirement Fund- this fiind supports retiird priests and provides accommodation where
necessary
The Clei'gy Welfare Fund is for the relief of infirn), siek and ag¢d Roman Catholic sccular priests
of the Diocese
The Youth Development Fund is to be used for the young people of the Diocese
The Youth Bur5aiy Fund is for young people of the Diocese
Clifioll Diocesg Rcpori 2020
50

NOTES TO THE FINANCIAL STATEMENTS
16.
REI STRICTED FUNDS (CONTINUED)
Christ's College Education fund is th¢ proceeds fmin the sale of the coll¢g¢ which are restricted
foi. educational purposes
Ciirial Restricted Legacies comprise several legacies donated for Specific purposes
Curial Tru51 Funds ¢omprise of a small nuinbcr of specific Trusts relating to individual parishes
oj. parishioner groups
Fundi'aising Ap￿alS represent funds donated to support fundraising activities
Thc reslricled fixed assets fund represents funds donated to assist in the purchase of the Diocesan
administt'ative officcs in Bristol (Alexander House) as well as properties restricted foi. Ihc use of
retired priests
Othei. Curial Funds coinprise of special collections, legacies and donations for specific projects
Th¢ Tisbiiry Parsons Fiind is to bc used for the benefit of the people, buildings and activities in
the pai'ish of Tisbury and Wardoui.. This fund is now clos¢d.
The 'l'isbury Jesuit Fund is to be used for the benefit of the people, buildings and activities in
Tisbury and othci. similar rural parishes of the Di(Kese
Other Parochial Funds compi'ise of spcoial collections, legacies and donations for specific projects
within the parishcs
17. DESIGNATED FUNDS
Designated Funds aiE unrestricted funds that have been designat¢d by the Trustees for a specific putpose.
The fund designalions are reviewed a[￿uallY.
Balance Income Expenditure Transfei's
asatl
January
2020
£'ooo
15,555
53
876
Gains
Balance
asat31
Losses December
2020
£'ooo
£'ooo
702
£'ooo £'ooo
213
18
588
£'ooo
15,066
71
1,514
Fixed Assets Fund
Clei'gy Welfare Fund
Priests, Retircincnt I,'uiid
Si. Thomas Mol'e Secondary
School
Christ's Coll¢gc Sponsoi'ship
Fund
Aduli Education Fiiiid
School Projects Reseive
School DFC Funding
Bristol Catholic Players
St. Bonaventure's Fund
Property Maintenance Fund
St John's Primary Bath ISG Funds
Sister,q of the Temple
21
29
1,407
1,407
750
750
34
35
44
678
13
538
140
291
866
39
296
834
32
(39)
75
75
Tot21 Designated Funds
20,444
35
734
1,000
29
20,774
Clifion Diocese Annual Repop'l 2020
51

NOTES TO THE FtNANCIAL STATEMENTS
17. DESIGNATED FUNDS (CONTINUED)
Comparative figures for 2019..
Balance Income Expenditure,
Balance
asat I
gainsl(losses)
asat31
January
and transfers Decembei.
2019
£'ooo
2019
£'ooo
£'ooo
£'ooo
Fixed Assets Fund
Clergy Welfare Flind
Pricsts, R¢lir¢ment Fund
St. Thomas Moir S¢condary School
Christ's College Sponsorship Fund
Adult Education Fund
School Projects R¢scrve
School DFC Fundiiig
Bristol Catholic Players
St. Bonaventui'e's Fund
Property Maintenancc Fund
St John's Primary Bath ISG Funds
16,120
54
760
1,682
750
34
31
408
(565)
15.555
53
876
1.407
750
34
116
(275)
130
538
286
1,015
291
866
39
(149)
39
Total Designated Funds
21,144
290
(990)
20,444
Th¢ funds h&ve been designated for the following putpose5.'
The Fixed Asset Fund represents the net b(K)k value of tangible fixed assets less the net book
value of tangible fixed assets included in restricted fiinds
The Clergy Welfare Fund supports the medical and welfare costs for sick priests and those
requii'ing niirsing care
The Priests, ReliiEmenl Fund is a fund lo suppoil priests currenily in retirement
The St Thomas More Secondary School fui)d represents the proceeds of sale of the school site
which are designated for the purposes of future schools, building projects
Christ's College Sponsoi'ship Fund represents funds held to sponsor a shared faith schix>l
Adult Education Fund i'epres¢n15 grant5 received foi. fom)ation and spiritual direction
School Projects Reserve Irpresents ftinds set aside to support school capital proj¢¢ts
School DFC Funding represcnts fuiid5 h¢ld on behalf of voluntary-aided schools for capital
works
Bi'istol Catholic Players represents funds held on bchalf of a Connected charity
CIF Income Reserve represents funds held for distribution to parishcs
St. Bonaventure's Fund is for a liability on the propety that will only be realised once the
propcrty is sold
The Property Maintenance Fund is for planned maintenance on Di(￿¢Se buildings
Clifton Diocese A￿￿tial Repopi 2020
52

NOTES TO THE FINANCIAL STATEMENTS
18. GENERAL UNRESTRICTED FUNDS (EXCLUDING DESIGNATED FUNDS)
Balance as at
l Jailu￿Y 2020
Moveinent
dui'ing 2020
Balaiicc as at
31 December
2020
£'ooo
£'ooo
£'ooo
General Curi21 Funds
General Pan)chial Funds
8,060
12,497
(1,591)
700
6,469
13,197
Total Unrestricted Fund8
20,557
(891)
19,666
19. TRATrISFERS BETWEETrI CURIAL AND PAROCHIAL FUNDS
Curial
Parochial
£'ooo
Total 2020
£'ooo
£'ooo
Parish Share
Other transfers
1,266
(224)
(1,266)
224
Total
1,042
(1042)
The Parish Share is a contribution from th¢ parishcs towards the ¢osls of running the central activities of
the Diocese, to support the collective pastoral and legal fuiictions. It 15 assessed on the basis of parish
income.
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Endowments Resti'ieled Designatsd
Unrestricted
Total
Funds
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
Tangible Fixed Assets
Fixed Asset Investments
Net Current Assets
Long Tenn Liabilitics
234
1,213
9,238
(5.179}
15,066
905
4,932
(129)
15JOO
15,304
21,525
(5J08)
857
18
12,329
7,337
Total
875
5,506
20,774
19,666
46,821
Clifton Diocese Anniial Reporl 2020
53

NOTES TO THE FtNANCIAL STATEMENTS
Cotnparative figutEs for 2019..
Ei)dowments Restricted Designated
Unrestricted Total Funds
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
Tangible Fixed A&sets
Fixed Asset Investments
Net Current Assets
Long Tenn Liabilities
243
1,291
9,472
(5,692)
15,555
760
4,259
(130)
15,798
13,512
23,673
(S,822)
828
19
10,633
9,923
Total
847
5,314
20,444
20,556
47,161
21. NOTES TO THE CASH FLOW STATELIIEP4T
(a) Reconciliation of net incomel(expenditvre) to net cash flow from operating activities
2020
£'ooo
2019
£'ooo
Net {expendilur¢)lineome for the reporting pei'iod
Adjustments for..
Depreciation charges
(Gains) on investments
Dividends, intei'e5t and rents from inv¢stm¢nls
(Pi'ofit) on the sale of fixed assets
(Increase)/decrease in debtors
In¢reasel(de¢r¢ase) in ¢reditors
(340)
1.262
807
(617)
(458)
(10)
(272}
628
561
(1,352)
(448)
(429)
42
(254)
Net cush (Iised in) operating activities
(262)
(618)
As restated
(b) Reconciliation of net cash flow to movement in net funds
2020
£'ooo
2019
£'ooo
{DeereaseyinciEase in cash in the year
Cash inflow from repayment of loan
Ncw loans rcccivcd
{D¢cr¢aseyinciras¢ in n¢t fvnds in the year
Net funds brought forwaid
(1,277)
269
(1,277)
23,867
269
23,598
23,867
Clifion DIoc￿e Anniial Report 2020
54

NOTES TO THE FINANCIAL STATEMENTS
21. NOTKS TO THE CASH FLOW STATEl¥tCi NT (CONTINUED)
(e) Analysis of ehanges in net funds
As at l January Cash Flow
2020
in Ycar
£'ooo
As at 31 December
2020
£'ooo
£'ooo
Short-Tenn Deposits
Cash at bank and in hand
19.638
4,229
(1,981)
704
17,657
4,933
Nel ￿sh at bank and short-lerm deposits
23.867
(1,277)
22,590
Loans due for repayment within one year
Net funds Carried foiward
23,867
(1,277)
22,590
Cash at batth and in hand is held in a group bank account together with short-tern) deposits.
Short-tern) deposits on moiE than one day's notice are treated as liquid rc50urc¢s.
The charity has no debt.
22. RELATED PARTY TRANSAcfIoNS
The charity has had no related party transa¢tions in either the ¢utYent or prior year.
Clifton Diocese Anniiul Report 2020
55