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|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|
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|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|
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|||||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|
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|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|
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|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|
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|||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|
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|||||||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|
##
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||||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|
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|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|
##
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|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|
##