2021-12-31-accounts - Clifton Diocese

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Charity Number:	Charity Number:	1170168
Company	Number:	10462076
Registered	Address:	St.Ambrose
		North Road
		Leigh Woods
		Bristol
		BS83PW
PROFESSIONAL ADVISERS
Auditors:		Haysmacintyre		LLP
		10Queen Street		Place
		London
		EC4R 1AG
Bankers:		National Westminster			Bank	Plc
		Commercial	Office
		PO BoxNo 2702
		3 Temple Back		East
		Temple Quay
		Bristol
		Bs19BW
Investment	Manager:	Tilney Smith	&Williamson			Investment	Management
		Portwall Place
		Portwall Lane
		Bristol
		Bs16NA
Solicitors:		Stone King LLP
		13Queen Square
		Bath
		BA1 2HJ

Trustees' Report		1-15
Strategic Report		16-21
Independent Auditor's	Report	22-24
Statement ofFinancial	Activities	26
Balance Sheet		27
Cash Flow Statement
Notes to the Financial	Statements	29-53

CHARITY NAME		REGISTERED NO.
Clifton Catholic Diocesan Trustees Registered		1170168-7
Edith Mary Young Memorial Fund		1170168-1
Elizabeth Lady Herbert Foundation		1170168-2
Heaven's Roman Catholic Orphanage	for Girls	1170168-3
Lady Arundell ofWardour Bequest for Training ofStudents		1170168-4
for the Roman Catholic Priesthood

StFrancis ofAssisi Roman Catholic Church, Nailsea	StFrancis ofAssisi Roman Catholic Church, Nailsea	1170168-5
Clifton Diocesan Common Investment	Fund	1170168-6
The Diocese ofClifton Education Trust		313215

			2021	2020
			K'000	K'000
Total	Funds		53,066	46,821
Less:	Permanent Endowment	Funds	(964)	(875)
	Restricted Funds		(9,901)	(5,506)
	Designated Funds		(5,125)	(5,708)
	Tangible Fixed Assets		(17,022)	(15,066)
Free	Reserves ofthe Charity		20,054	19,666

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									2021			2020
								Curial	Parochial	Total	Curial	Parochial	Total
							Notes	K'000	K'000	K'000	K'000	K'000	K'000
FIXEDASSETS
Tangible fixed assets							10	2,432	14,817	17,249	1,075	14,225	15,300
Investments							11	12,629	4,045	16,674	11,866	3,438	15,304
								15,061	18,862	33,923	12,941	17,663	30,604
CURRENT ASSETS
Debtors							12	613	95	708	800	5	805
Cash at bank and	in	hand						8,316	12,329	20,645	10,764	11,826	22,590
								8,929	12,424	21,353	11,564	11,831	23,395
LIABILITIES
Creditors: amounts within one year				falling		due		(1,937)	(200)	(2,137)	(1,787)	(83)	(1,870)
Curia: amounts	due		from		parishes						33		33
within one year
Parishes: amounts within one year		due		from		curia						(33)	(33)
Parish loans												2
NET CURRENT	ASSETS							7,003	12,213	19,216	9,812	11,713	21,525
TOTAL ASSETSLESS
CURRENT LIABILITIES								22,064	31,075	53,139	22,753	29,376	52,129
Creditors: amounts		falling			due	after
more than one year							14	(73)		(73)	(5,252)	(56)	(5,308)
Parish loans								915	(915)		633	(633)
NET ASSETS								22,906	30,160	53,066	18,134	28,687	46,821
FUNDS								Curial	Parochial	Total	Curial	Parochial	Total
							Notes	f.'000	K'000	K'000	f.'000	K'000	K'000
RESTRICTED FUNDS
Permanent endowment				funds			15	723	241	964	657	218	875
Restricted income funds							16	9,230	671	9,901	4,754	752	5,506
								9,953	912	10,865	5,411	970	6,381
UNRESTRICTED FUNDS
Designated funds							17	7,035	15,112	22,147	6,254	14,520	20,774
General fund							18	5,918	14,136	20,054	6,469	13,197	19,666
								12,953	29,248	42,201	12,723	27,717	40,440
TOTAL FUNDS								22,906	30,160	53,066	18,134	28,687	46,821

TATEMENT OF CASH	FLOWS FOR	THE YE	AR EN	DED 31	DECEMB	ER2021
						2021	2020
					Notes	K'000	K'000
Cash flow from operating	activities:
Net cash (used in) operating activities:						(503)	(265)
Cash flows from investing	activities:
Dividends, interest and rents from investments						408	458
Proceeds from the sale ofproperty, plant		and equipment				789	10
Purchase ofproperty, plant	and equipment				10	(2,639)	(305)
Proceeds from the sale ofinvestments					11	2,863	4,559
Purchase ofinvestments					11	(2,951)	(4,739)
Investment Fees adjustment					11	69	58
Cash held for investment					11	19	1,053
Net cash provided by (used	in) investing activities:					1,945	1,277
Cash flows from financing	activities:
Repayments ofborrowing
Cash inflows from new borrowing
Receipt ofendowment
Net cash provided by (used	in)financing	activities:
Change in cash and cash equivalents in the reporting			period:			(1,945)	(1,277)
Cash and cash equivalents	at the beginning ofthe reporting			period:		22,590	23,867
Cash and cash equivalents	at the end ofthe reporting period:					20,645	22,590

Churches	built prior to 1941and the Cathedr	al	1%	(100years)
Churches	built 1941and after		1.33%	(75years)
All Other	Freehold Buildings		2%	(50years)
Major Refurbishments or Repairs			4%	(25 years)
Motor Vehicles			20%	(5years)
Fixtures,	Fittings and Equipment	10% - 33'/3%		(3to 10years)
Freehold	Property Additions		4%	(25 years)

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. DONATIO	NS AND LEG	ACIES
		2021			2020
	Curial	Parochial	Total	Curial	Parochial	Total
	K'000	K'000	K'000	K'000	f.'000	K'000
Offertory	3	3,847	3,850	2	3,628	3,630
Donations	73	1,017	1,090	165	857	1,022
Legacies	34	7	41	177	5	182
Total	110	4,871	4,981	344	4,490	4,834

		2021			2020
	Curial	Parochial	Total	Curial	Parochial	Total
	5,'000	X'000	X'000	K'000	K'000	K'000
Coronavirus	26	114	140	17	243	260
Job Retention
Scheme
HMRC Grant
School
Condition
Allocations
(SCA) — DfE
Grant
Total	30	114	144		243	261

						2021			2020
					Curial	Parochial	Total	Curial	Parochial	Total
					K'000	K'000	6'000	K'000	K'000	6'000
Fundraising,			Grants	Rec'd	19	654	673		577	578
and Repository			Sales
Educational		Services			104		104	112		112
Training and		Publications			44		44	28		28
Rental Income					80	1,025	1,105	43	859	902
Chaplaincy	Services					65	65		21	21
Other					30		30	32		32
				Total	277	1,744	2,021	216	1,457	1,673

			2021			2020
		Curial	Parochial	Total	Curial	Parochial	Total
		K'000	X'000	K'000	X'000	K'000	K'000
Social	Club
Total

						2021			2020
					Curial	Parochial	Total	Curial	Parochial	Total
					K'000	K'000	K'000	K'000	f.'000	X,'000
Income	on	UK	listed investments		216	56	272	212	51	263
Income	on	UK	investment	properties	28	37	65	21	37	58
Interest	on	UK	cash held at bank		(9)	80	71	7	130	137
Total					235	173	408	240	218	458

		2021			2020
	Curial	Parochial	Total	Curial	Parochial	Total
	S'000	X,'000	K'000	K'000	K'000	K'000
FAITH AND
EDUCATION
Worship	101	6,136	6,237	158	5,998	6,156
Clergy Support	695	-	695	699	-	699
Pastoral	186	4	190	170	3	173
Chaplaincy	21		21	28		28
Education	627		627	(78)	-	(78)
Pilgrimages	1		1	8		8
Total	1,631	6,140	7,771	985	6,001	6,986
SUPPORT
Bishop's Office	161		161	140		140
Governance	179		179	165		165
Finance	748		748	775		775
HR	45		45	34		34
Estate Management	553		553	494		494
Safeguarding	133		133	125		125
Communications	61		61	60		60
Total	1,880		1,880	1,793		1,793
TOTAL EXPENDITURE	3,511	6,140	9,651	2,778	6,001	8,779

			2021			2020
		Curial	Parochial	Total	Curial	Parochial	Total
		K'000	6'000	K'000	K'000	K'000	K'000
Salaries		1,143	702	1,845	1,126	745	1,871
Pension		63	21	84	66	21	87
Life Insurance		6		6	6		6
Employer's	NIC	111	17	128	110	16	126
Total Employee Costs		1,323	740	2,063	1,308	782	2,090

		2021			2020
	Curial	Parochial	Total	Curial	Parochial	Total
	X,'000	K'000	K'000	K'000	K'000	K'000
Listed Investments	11,529	2,860	14,389	10,851	2,318	13,169
UK Investment
Properties	1,100	1,185	2,285	1,015	1,120	2,135
Total	12,629	4,045	16,674	11,866	3,438	15,304

			2021			2020
		Curial	Parochial	Total	Curial	Parochial	Total
		K'000	K'000	K'000	f.'000	K'000	K'000
Market Value brought forward		9,671	2,102	11,773	9,317	2,033	11,350
Additions	at Cost	2,399	552	2,951	3,980	759	4,739
Fees		(55)	(14)	(69)	(47)	(11)	(58)
Sale Proceeds from
Disposals		(2,755)	(309)	(3,064)	(3,774)	(716)	(4,490)
Realised Gain/(Loss)		163	38	201	(60)	(9)	(69)
Unrealised	Gain/(Loss)	997	223	1,220	255	46	301
Market Value carried		10,420	2,592	13,012	9,671	2,102	11,773
forward
Cash Held	For Investment		268	1,377	1,180	216	1,396
		11,529	2,860	14389	10851	2318	13,169
Book Cost	carried forward	9,334	2,264	11,598	9,319	1,939	11,258

Movements		in the investment	properties	held during the year were as follows:	held during the year were as follows:	held during the year were as follows:
				2021			2020
			Curial Parochial		Total	Curial	Parochial	Total
			K'000	K'000	f'000	S'000	K'000	K'000
Valuation
brought			1,015	1,120	2,135	879	940	1,819
forward
Revaluation		to
estimated	open market
value			85	65	150	136	180	316
Valuation
carried			1,100	1,185	2.285	1,015	1,120	2,135
forward
Realised Gains /(Losses) on Fixed Asset Investments
				2021			2020
				Parochial	Total	Curial	Parochial	Total
				K'000	f,'000	K'000	K'000	K'000
On Listed	Investments		163	38	201	(60)	(9)	(69)
Total			163		201	(60)	(9)	(69)
Unrealised		Gains / (Losses)	on Fixed	Asset Investments
				2021			2020
				Parochial	Total	Curial	Parochial	Total
				K'000	f,'000	K'000	K'000	f.'000
On Listed Investments			997	223	1,220	255	46	301
On UK Investment			85	65	150	136	180	316
Properties
Total			1,082	288	1,370	391	226	617

			2021			2020
		Curial	Parochial	Total	Curial	Parochial	Total
		K'000	K'000	K'000	K'000	K'000	K'000
Prepayments	and Other	540	82	622	622		622
Debtors
Income Tax	Recoverable (Gift	66		66	172		172
Aid)
Legacies			13	20
Total		613	95	708	800		805

		2021			2020
	Curial	Parochial	Total	Curial	Parochial	Total
	K'000	K'000	K'000	K'000	K'000	6'000
Deferred income
School Projects Funding	1,163		1,163	1,424		1,424
Sundry creditors and	774	200	974	352	83	435
accruals
Total	1,937	200	2,137	1,787	83	1,870

		2021			2020
	Curial	Parochial	Total	Curial	Parochial	Total
	K'000	K'000	f'000	K'000	K'000	K'000
Grants Repayable	72		72	73		73
Proceeds ofsale ofschool site payable				5,178		5,178
Sundry creditors and accruals						1
Loans					56	56
Total	73		73	5,252	56	5,308

		Balance	Income	Expenditure	Transfers	Gains	Balance
		asat 1				k,	asat31
		January 2021				losses	December 2021
		K'000	6'000	K'000	K'000	K'000	K'000
CURIAL
Bishop's Maintenance	Fund	147				15	162
Clergy Training Fund		128				12	140
Clifton Mission Benefactors Fund		147				15	162
Heavens Fund		150				15	165
Young Fund		74				8	82
Poor Missions Fund		11				1	12
Total Curial		657				66	723
PAROCHIAL		K'000	K'000	K'000	K'000	K'000	K'000
Pro Cathedral Endowment		4					4
Hussey Endowment		4					4
Knight Endowment		8					9
Hensler Fund		18					20
Scoles Endowment		12					13
Patterson Endowment		4					4
Stapleton Brethren Endowment		14					16
Fairford Mission Endowment		16					18
Algar Endowment		9					10
Malmesbury Mission	Endowment	15					17
Nelson Endowment		15					17
The Lady Herbert of	Lea Fund	34					37
Carey Trust Endowment		15					17
Board Endowment		8					9
Barnes Trust Endowment		22					24
Lucy Sharp Fund		20					22
Total Parochial		218				23	241
Diocese Total		875				89	964

		Balance	Income	Expenditure	Transfers	Gains	Balance
		asat1				&	asat31
		January				Losses	December
		2020					2020
		K'000	f.'000	K'000	f.'000	K'000	K'000
CURIAL
Bishop's Maintenance	Fund	142					147
Clergy Training Fund		124					128
Clifton Mission Benefactors Fund		142					147
Heavens Fund		146					150
Young Fund		72					74
Poor Missions Fund		10					11
Total Curial		636				21	657
PAROCHIAL		6'000	K'000	K'000	S'000	f.'000	K'000
Pro Cathedral Endowment		4					4
Hussey Endowment		4					4
Knight Endowment		8					8
Hensler Fund		18					18
Scoles Endowment		12					12
Patterson Endowment		3					4
Stapleton Brethren Endowment		13					14
Fairford Mission Endowment		15					16
Algar Endowment		9					9
Malmesbury Mission	Endowment	14					15
Nelson Endowment		14					15
The Lady Herbert of	Lea Fund	33					34
Carey Trust Endowment		15					15
Board Endowment		8					8
Barnes Trust Endowment		21					22
Lucy Sharp Fund		20					20
Total Parochial		211					218
Diocese Total		847				28	875

		Balance	Income	Expenditure	Transfers	Gains &	Balance
		asat 1				(Losses)	as at 31
		January 2021					December 2021
		K'000	f.'000	K'000	K'000	f.'000	K'000
CURIAL
Bishop's Charitable Fund		84			(4)		80
Bishop's Support Fund		232	4		(20)		212
Priests' Retirement Fund		753	32		(98)	52	739
Clergy Welfare Fund		469	7		(101)	33	408
Clergy Training Fund		9	8				17
Youth Development	Fund	12					12
Youth Bursary Fund		14					14
Christ's College Education Fund		1,485			(93)		1,392
StJoseph's Education	Fund		5,178				5,178
Curial Restricted Legacies		644			(504)		140
Curial Trust Funds		781	14		(49)	27	773
Fundraising Appeals		20					20
Other Curial Funds		17	1				18
Restricted Fixed Assets Fund		234					227
Total Curial		4,754	5,244	11	(869)	112	9,230
PAROCHIAL
Parsons Fund - Jesuit		185					185
Cathedral Fund		120				12	132
Other Parochial Funds		447			(93)		354
Total Parochial		752			(93)	12	671
Diocese Total		5,506	5,244		(962)	124	9,901

		Balance	Income	Expenditure,	Balance
		asat 1		gains/(losses)	as at 31
		January		and transfers	December
		2020			2020
		K'000	K'000	K'000	K'000
CURIAL
Bishop's Charitable	Fund	112		(28)	84
Bishop's Support Fund		233	5	(6)	232
Priests' Retirement	Fund	615	172	(34)	753
Clergy Welfare Fund		389	8	72	469
Clergy Training Fund			76	(67)	9
Youth Development	Fund	12			12
Youth Bursary Fund		14			14
Christ's College Education		1,485			1,485
Fund
Curial Restricted Legacies		662		(18)	644
Curial Trust Funds		785	28	(32)	781
Fundraising Appeals		20			20
Other Curial Funds			26	(9)	17
Restricted Fixed Assets Fund		243		(9)	234
Total Curial		4,570	315	(131)	4,754
PAROCHIAL
Parsons Fund - Jesuit		181		1	185
Cathedral Fund		116		4	120
Other Parochial Funds		447		(5)	447
Total Parochial		744			752
Diocese Total		5,314	323	(131)	5,506

he fund designations are reviewed	annually.
	Balance	Income	Expenditure	Transfers	Gains	Balance
	as at 1				&	as at 31
	January 2021				Losses	December 2021
	K'000	6'000	K'000	X,'000	K'000	f.'000
Fixed Assets Fund	15,066		675	2,631		17,022
Clergy Welfare Fund	71			(11)		60
Priests' Retirement Fund	1,514	20			93	1,627
St.Thomas More Secondary School	1,407			(116)		1,291
Christ's College Sponsorship	750					750
Fund
Adult Education Fund	35			(34)		1
School Projects Reserve	44			(3)		45
School DFC Funding	678			(379)		299
Bristol Catholic Players	4					4
St.Bonaventure's Fund	296					296
Property Maintenance Fund	834			(107)		727
Sisters ofthe Temple	75			(50)		25
Total Designated Funds	20,774	24	675	1,931	93	22,147

		Balance	Income	Expenditure,	Balance
		as at 1		gains/(losses)	as at 31
		January		and transfers	December
		2020			2020
		K'000		K'000	X,'000
Fixed Assets Fund		15,555		(489)	15,066
Clergy Welfare Fund		53		18	71
Priests' Retirement Fund		876	21	617	1,514
St.Thomas More Secondary	School	1,407			1,407
Christ's College Sponsorship	Fund	750			750
Adult Education Fund		34			35
School Projects Reserve		31	13		44
School DFC Funding		538		140	678
Bristol Catholic Players		4			4
St.Bonaventure's Fund		291		5	296
Property Maintenance Fund		866		(32)	834
StJohn's Primary Bath ISG	Funds	39		(39)
Sisters ofthe Temple				75	75
Total Designated Funds		20,444	35	295	20,774

		Balance as at	Movement	Balance as at
		1 January 2021	during 2021	31December
				2021
		f.'000	K'000	K'000
General Curial Funds		6,469	(551)	5,918
General Parochial	Funds	13,197	939	14,136
Total Unrestricted	Funds	19,666	388	20,054

9.	TRANSFERS BETWEEN CU	RIAL AND PAROCHIAL FUN	DS
		Curial	Parochial	Total	2021
		K'000	X'000		K'000
Parish	Share	1,541	(1,541)
Other	transfers	(167)	167
Total		1,374	(1,374)

	Endowments	Restricted	Designated	Unrestricted	Total
					Funds
	S'000	K'000	K'000	K'000	K'000
Tangible Fixed Assets		227	17,022		17,249
Fixed Asset Investments	946	1,337	998	13,393	16,674
Net Current Assets	18	8,337	4,200	6,661	19,216
Long Term Liabilities			(73)		(73)
Total	964	9,901	22,147	20,054	53,066

	Endowments	Restricted	Designated	Unrestricted	Total Funds
	K'000	X'000	K'000	K'000	f.'000
Tangible Fixed Assets		234	15,066		15,300
Fixed Asset Investments	857	1,213	905	12,329	15,304
Net Current Assets	18	9,238	4,932	7,337	21,525
Long Term Liabilities		(5,179)	(129)		(5,308)
Total	875	5,506	20,774	19,666	46,821

						2021	2020
						f.'000	X,'000
Net (expenditure)/income		for the reporting		period		6,245	(340)
Adjustments for:
Depreciation charges						690	807
(Gains) on investments						(1,370)	(617)
Dividends, interest	and rents from investments					(408)	(458)
(Profit) on the sale	offixed assets					(789)	(10)
(Increase)/decrease	in debtors					97	(272)
Increase/(decrease)	in creditors					(4,968)	628
Net cash (used in) operating			activities			(503)	(262)
econciliation ofnet cash		flow to movement			in net funds
						2021	2020
						X'000	5,'000
(Decrease)/increase	in cash		in the year			(1,945)	(1,277)
Cash inflow from repayment			ofloan
New loans received
(Decrease)/increase	in net	funds in the year				(1,945)	(1,277)
Net funds brought	forward					22,590	23,867
						20,645	22,590

			As at 1 January	Cash Flow	As at 31 December
			2021	in Year	2021
			K'000	K'000	f.'000
Short-Term Deposits			17,657	(1,874)	15,783
Cash at bank and in hand			4,933	(71)	4,862
Net cash at bank and short-term		deposits	22,590	(1,945)	20,645
Loans due for repayment	within	one year
Net funds carried forward			22,590	(1,945)	20,645

		2021	2020
		K'000	X'000
Capital	Commitments	1,337