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2022-12-31-accounts

CONTENTS PAGE
Trustees' Report 1-14
Strategic Report 15-21
Independent
Auditor's Report		 22-24
Statement ofFinancial Activities 26
Balance Sheet 27
Cash Flow Statement 28
Notes tothe Financial Statements 29-52

CHARITY NAME REGISTEREDNO.
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

2022 2021
8000 6'000
Total Funds 53,096 53,066
Less: Permanent Endowment Funds (853) (964)
Restricted Funds (10,363) (9,901)
Designated Funds (4,543) (5,125)
Tangible Fixed Assets (18,193) (17,022)
Free Reserves ofthe Charity 19,144 20,054

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2022 2021
Curial Parochial Total Curial Parochial Total
Notes E'000 f.'000 f!000 K'000 f,'000 K'000
FIXEDASSETS
Tangible fixed assets 9 3,677 14,736 18,413 2,432 14,817 17,249
Investments 10 10817 5600 16417 12629 4,045 16,674
14494 20,336 34,830 15,061 18,862 33,923
CURRENT ASSETS
Debtors 1,735 1,048 2,783 613 95 708
Cash at bank and in hand 6597 11724 18,321 8316 12329 20645
8,332 12772 21104 8,929 12424 21353
LIABILITIES
Creditors:
amounts
within one year		 falling due 12 (2,560) (256) (2,816) (1,937) (200) (2,137)
Parish loans 246 246 11 11
NET CURRENT ASSETS 6018 12,270 18,288 7,003 12213 19216
TOTAL ASSETSLESS
CURRENT LIABILITIES 20512 32,606 53,118 22,064 31075 53 139
Creditors:
amounts		 falling due after
more than one year 13 (22) (22) (73) (73)
Parish loans 631 (631) 915 (915)
NETASSETS 21121 31975 53096 22,906 30160 53066
FUNDS Curial Parochial Total Curial Parochial Total
Notes f.'000 K'000 R'000 K'000 f,'000 K'000
RESTRICTED FUNDS
Permanent
endowment		 funds 14 641 212 853 723 241 964
Restricted income funds 15 9726 637 10,363 9,230 671 9901
10,367 849 11,216 9953 912 10,865
UNRESTRICTED FUNDS
Designated
funds		 16 7,704 15,032 22,736 7,035 15,112 22,147
General fund 17 3050 16094 19144 5918 14136 20054
10,754 31 126 41880 12953 29248 42201
TOTAL FUNDS 21 121 31975 53096 22906 30160 53066

TATEMENT OFCASH PLOWS FORTHE YEAREN DED 31 DECEMB ER2022
2022 2021
Notes S'000 K'000
Cash flow from operating activities:
Net cash (used in) operating activities: 20 207 (503)
Cash flows from investing activities:
Dividends,
interest, and rents &om investments		 525 408
Proceeds from the sale ofproperty,
plant, and equipment		 789
Purchase ofproperty,
plant, and equipment		 9 (1,833) (2,639)
Proceeds from the sale ofinvestments 10 3,614 2,863
Purchase ofinvestments 10 (5,762) (2,951)
Investment
Fees adjustment		 10 73 69
Cash held for investment 10 852 19
Net cashprovided
by (used in) investing activities:		 2,324 1,945
Change in cash and cash equivalents
in the reporting period:		 (2,324) (1,945)
Cash and cash equivalents
atthe beginning ofthe reporting		 period: 20645 22,590
Cash and cash equivalents
at the end ofthe reporting period:		 18s321 20645

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% (25years)
Motor Vehicles 20% (5years)
Fixtures, Fittings and Equipment 10%- 33Ys% (3to 10years)
Freehold Property Additions 4% (25years)

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DONATIO		 NS
AND LEG		 ACIES
2022 2021
Curial Parochial Total Curial Parochial Total
f.'000 6'000 F000 OOOO 8000 6'000
Offertory 3,855 3,855 3 3,847 3,850
Donations 130 1,180 1@10 73 1,017 1,090
Legacies 1,230 2,342 3,572 34 7 41
Total 1,360 7,377 8,737 110 4,871 4,981

2022 2021
Curial Parochial Total Curial Parochial Total
K'000 S'000 S'000 K'000 OOOO E'000
Coronavirus 26 114 140
Job
Retention
Scheme
HMRC Grant
School
Condition
Allocations
(SCA) — DfE
Grant
Total 30 114 144

2022 2021
Curial Parochial Total Curial Parochial Total
K'000 E'000 K'000 K'000 S'000 K'000
Fundraising, Grants Rec'd, 163 480 643 19 654 673
and Repository Sales
Educational Services 102 102 104 - 104
Training and Publications 60 60 44 - 44
Rental Income 110 1,267 1P77 80 1,025 1,105
Chaplaincy Services 69 69 65 65
Other 33 33 30 - 30
Total 468 1,816 ?$84 277 1,744 2,021

2022 2021
Curial Parochial Total Curial Parochial Total
OOOO 6'000 K'000 E'000 6'000 E'000
Income on UK listed investments 207 66 273 216 56 272
Income on UK investment properties 23 37 60 28 37 65
Interest on UK cash held at bank 110 82 192 (9) 80 71
Total 340 185 525 235 173 408

2022 2021
Curial Parochial Total Curial Parochial Total
K'000 E,'000 K'000 f.'000 K'000 K'000
FAITH AND
EDUCATION
Worship 78 6,775 6,853 101 6,136 6,237
Clergy Support 673 - 673 695 - 695
Pastoral 250 7 257 186 4 190
Chaplaincy 48 - 48 21 21
Education 752 - 752 627 627
Pilgrimages 1 1
Total 1,801 6782 89583 1631 6 140 7771
SUPPORT
Bishop's Office 138 138 161 161
Governance 179 179 179 179
Finance 790 790 748 748
HR 51 51 45 45
Estate Management 562 562 553 553
Safeguarding 154 154 133 133
Communications 61 61 61 61
Total 1,935 1,935 1,880 1,880
TOTAL
EXPENDITURE		 3,736 6,782 10,518 3,511 6,140 9,651

2022 2021
Curial Parochial Total Curial Parochial Total
S'000 E'000 8000 S'000 E'000 K'000
Salaries 1,112 755 1,867 1,143 702 1,845
Pension 48 22 70 63 21 84
Life Insurance 6 6 6 6
Employer's NIC 111 22 133 111 17 128
Total Employee Costs 1,277 799 2,076 1,323 740 2,063
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2022 2021
Curial
Parochial		 Total Curial Parochial Total
K'000 K'000 R'000 8'000 OOOO 6'000
Listed Investments 9,697 4,065 13,762 11,529 2,860 14,389
UK Investment
Properties 1,120 1,535 2,655 1,100 1,185 2,285
Total 10,817 5,600 16,417 12,629 4,045 16,674
isted Investments —Common Investment Fund
2022 2021
Curial Parochial Total Curial Parochial Total
K'000 K'000 R'000 K'000 K'000 OOOO
Market Value brought
forward		 10,420 2,592 13,012 9,671 2,102 11,773
Additions at Cost 3,009 2,423 5,432 2,399 552 2,951
Fees (54) (19) (73) (55) (14) (69)
SaleProceeds &om
Disposals (2,679) (688) (3,367) (2,755) (309) (3,064)
Realised Gain/(Loss) (184) (63) (247) 163 38 201
Unrealised Gain/(Loss) 1,191 329 1520 997 223 1,220
Market Value carried 9,321 3,916 13037 10,420 2,592 13,012
forward
Cash Held ForInvestment 149 525 1,109 268 1,377
9,697 4,065 13,762 11,529 2,860 14,389
BookCost carried forward 8,990 3,734 12,724 9,334 2,264 11,598

ovements in the investme nt
propert		 ies
held		 during t he year were as follow s:
2022 2021
Curial Parochial Total Curial Parochial Total
K'000 K'000 R'000 6'000 S'000 8'000
Valuation
brought 1,100 1,185 2,285 1,015 1,120 2,135
forward
Additions 330 330
Revaluation to
estimated open market
value 20 20 40 85 65 150
Valuation
carried 1,120 1,535 2,655 1,100 1,185 2,285
forward
ealised Gains / (Losses) on Fixed Asset Investments
2022 2021
Curial Parochial Total Curial Parochial Total
K'000 X,'000 K'000 E,'000 OOOO OOOO
On Listed Investments (184) (63) (247) 163 38 201
Total (184) (63) (247) 163 38 201
nrealised Gains /(Losses) on Fixed Asset Investments
2022 2021
Curial
Parochial		 Total Curial Parochial Total
f.'000 K'000 K'000 S'000 K'000 K'000
On Listed
Investments (1,191) (329) (1,520) 997 223 1,220
On UK Investment
Properties 20 20 40 85 65 150
Total (1,171) (309) (1,480) 1,082 288 1,370

1.
DEBT		 ORS:AMOUNT S FALLIN G DUK WIT HIN ONK YE AR
2022 2021
Curial Parochial Total Curial Parochial Total
S'000 K'000 C'000 K'000 K'000 OOOO
Prepayments and Other 650 128 778 540 82 622
Debtors
Income Tax Recoverable 79 79 66 66
(Gift Aid)
Legacies 1,006 920 17926 13 20
Total 1,735 1,048 2,783 613 95 708

2022 2021
Curial Parochial Total Curial Parochial Total
OOOO S'000 F000 S'000 8'000 OOOO
Deferred income 42 42
School Projects
Funding		 1,757 1,757 1,163 1,163
Sundry creditors and
accruals		 761 256 1,017 774 200 974
Total 2,560 256 2,816 1,937 200 2,137

2022 2021
Curial Parochial Total Curial Parochial Total
OOOO E'000 F000 f.'000 OOOO K'000
Grants Repayable 21 21 72 72
Sundry creditors and
accruals
Total 22 22 73 73

Balance Income Expenditure Transfers Gains Balance
asof1 & asof31
January losses December
2022 2022
8000 K'000 K'000 8000 E,'000 K'000
CUIUAL
Bishop's Maintenance Fund 162 (19) 143
Clergy Training Fund 140 (14) 126
Clifton Mission Benefactors Fund 162 (19) 143
Heavens Fund 165 (19) 146
Young Fund 82 (10) 72
Poor Missions Fund 12 (1) 11
Total Curial 723 (82) 641
PAROCHIAL K'000 S'000 S'000 8000 K'000 K'000
Pro Cathedral
Endowment		 4 (1) 3
Hussey Endowment 4 (1) 3
Knight Endowment 9 (1) 8
Hensler Fund 20 (2) 18
Scoles Endowment 13 (2) 11
Patterson Endowment 4 4
Stapleton Brethren Endowment 16 (2) 14
Fairford Mission Endowment 18 (2) 16
Algar Endowment 10 (1) 9
Malmesbury
Mission		 Endowment 17 (2) 15
Nelson Endowment 17 (2) 15
The Lady Herbert ofLea Fund 37 (4) - 33
Carey Trust Endowment 17 (2) 15
Board Endowment 9 (1) 8
Barnes Trust Endowment 24 (3) 21
Lucy Sharp Fund 22 (3) 19
Total Parochial 241 (29) 212
Diocese Total 964 853

Balance Income Expenditure Transfers Gains Balance
asof1 & asof31
January Losses December
2021 2021
8000 8000 K'000 OOOO K'000 OOOO
CURIAI.
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 S'000 f.'000 K'000 OOOO OOOO
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 Endowinent 14 16
Fairford Mission Endowment 16 18
Algar Endowment 9 10
Malmesbury
Mission		 Endowment 15 17
Nelson Endowment 15 17
The Lady Herbert ofLeaFund 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

5.
RESTRICTED FUNDS
Balance Income Expenditure Transfers Gains & Balance
asof1 (Losses) asof31
January December
2022
2022
K'000 OOOO OOOO OOOO E'000 E'000
CURIAL
Bishop's Charitable
Fund		 80 80
Bishop's Support Fund 212 4 216
Priests' Retirement
Fund		 739 1,138 (89) (65) 1,723
Clergy Welfare Fund 408 7 (45) (41) 329
Clergy Training Fund 17 6 (7) 16
Youth Development
Fund		 12 12
Youth Bursary Fund 14 14
Christ's College Education Fund 1,392 72 1,320
StJoseph's Education Fund 5,178 294 (94) - 4,790
Curial Restricted Legacies 140 (53) - 87
Curial Trust Funds 773 15 (34) 754
Fundraising
Appeals		 20 20
Other Curial Funds
'		 18 127 145
Restricted Fixed Assets Fund 227 220
Total Curial 9@30 1@97 373 (288) (140) 9,726
PAROCHIAL
Parsons Fund - Jesuit 185 187
Cathedral
Fund		 132 (15) 117
Other Parochial Funds 354 (24) 333
Total Parochial 671 (24) (15) 637
Diocese Total 9,901 1P02 373 (312) (155) 10@63

Balance Income Expenditure, Balance as
asof 1 gains/(losses) of31
January and transfers December
2021 2021
S'000 K'000 8'000 2000
CURIAL
Bishop's Charitable
Fund		 84 (4) 80
Bishop's Support Fund 232 4 (24) 212
Priests' Retirement
Fund		 753 32 (46) 739
Clergy Welfare Fund 469 7 (68) 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 (22) 773
Fundraising
Appeals		 20 20
Other Curial Funds 17 1 18
Restricted Fixed Assets Fund 234 (7) 227
Total Curial 4,754 5,244 (768) 9s230
PAROCHIAL
Parsons Fund - Jesuit 185 185
Cathedral
Fund		 120 12 132
Other Parochial Funds 447 (93) 354
Total Parochial 752 (81) 671
Diocese Total 59506 5,244 (849) 99901

he fund designations
are reviewed		 annually.
Balance
asof 1		 Income Expenditure Transfers Gains
&		 Balance
asof31
Losses December
January 2022
2022
OOOO OOOO K'000 OOOO K'000 K'000
Fixed Assets Fund 17,022 662 1,833 18,193
Clergy Welfare Fund
Priests' Retirement
Fund		 60
1,627		 21 (231) (116) 60
1,301
St.Thomas More Secondary 1,291 (172) 1,119
School
Christ's College Sponsorship 750 750
Fund
Adult Education Fund 1 1
School Projects Reserve
School DFCFunding
Bristol Catholic Players
St. Bonaventure's
Fund		 45
299
4
296		 45
299
4
296
Property Maintenance
Fund
Sisters ofthe Temple
Total Designated
Funds		 727
25
22,147		 21 662 (84)
1/46		 (116) 643
25
22,736

Balance Income Expenditure, Balance
asof 1 gains/(losses) asof31
January and transfers December
2021 2021
E'000 K'000 S'000
Fixed Assets Fund 15,066 1,956 17,022
Clergy Welfare Fund
Priests' Retirement
Fund		 71
1,514		 20 (11)
93		 60
1,627
St.Thomas More Secondary School 1,407 (116) 1,291
Christ's College Sponsorship Fund 750 750
Adult Education Fund 35 (34) 1
School Projects Reserve
School DFCFunding		 44
678		 (3)
(379)		 45
299
Bristol Catholic Players 4 4
St.Bonaventure's
Fund		 296 296
Property Maintenance
Fund
Sisters ofthe Temple		 834
75		 (107)
(50)		 727
25
Total Designated
Funds		 20,774 24 1,349 22,147

Balance as at Movement Balance as at
1 January 2022 during 2022 31December
2022
K'000 6'000 2000
General Curial Funds 5,918 (2,&68) 3,050
General Parochial Funds 14,136 1,958 16,094
Total Unrestricted Funds 20,054 (910) 19,144

8.
TRANSFERS BETWEE		 N CURIAL AND PAR OC HIAL FUN DS DS
Curial Parochial Total 2022
OOOO K'000 F000
Parish Share 1,599 (1,599)
Other transfers (651) 651
Total 948 (948)
he Parish Share is acontribution from the parishes towards the costs ofrunning the central activities o
he Diocese, to support the collective pastoral and legal functions. It is assessed based on parish income.
9.
ANALYSIS OFNKT ASSETSBETWEEN FUNDS
Endowments Restricted Designated Unrestricted Total
Funds
OOOO K'000 K'000 OOOO f,'000
Tangible Fixed Assets 220 18,193 18,413
Fixed Asset Investments 836 1,183 882 13,516 16,417
Net Current Assets 17 8,960 3,683 5,628 18,288
Long Term Liabilities (22) (22)
Total 853 10,363 22,736 19,144 53,096

Endowments Restricted Designated Unrestricted Total Funds
OOOO S'000 K'000 F000 K'000
Tangible Fixed Assets 227 17,022 17/49
Fixed Asset Investments 946 1,337 998 13,393 16,674
Net Current Assets 18 8,337 4,200 6,661 19@16
Long Term Liabilities (73) (73)
Total 964 9,901 22,147 20,054 53,066

2022 2021
f,'000 f.'000
Net income/(expenditure)
for the reporting		 period 30 6,245
Adjustments
for:
Depreciation
charges		 669 690
Losses/(Gains)
on investments		 1,480 (1,370)
Dividends,
interest,		 and rents from investments (525) (408)
(Proflit) on the sale offixed assets (789)
(increase)/decrease in debtors (2,075) 97
Increase/(decrease) in creditors 628 (4,968)
Net cash from/ (used in) operating activities 207 (503)
econciliation ofnet cash flow to movement in net funds
2022 2021
K'000 K'000
(Decrease)/increase in cash in the year (2,324) (1,945)
Cash inflow from repayment ofloan
New loans received
(Decrease)/increase in net funds in the year (2,324) (1,945)
Net funds brought forward 20,645 22,590
18,321 20,645

As of 1January Cash Flow As of31December
2022, in Year 2022,
K'000 S'000 OOOO
Short-Term Deposits 15,783 (1,836) 13,947
Cash atbank and in hand 4,862 (488) 4,374
Net cash atbank and short-term deposits 20,645 (2,324) 18,321
Loans due forrepayment within one year
Net funds carried forward 20,645 (2,324) 18,321

2022 2021
OOOO 6'000
Capital Commitments 321 1,337