2023-12-31-accounts

, CLIFTON DIOCESE CLIFTON DIOCESE A Company Limited by Guarantee: Registsred No. 10462076 ANNUAL REPORT and FINANCIAL STATEMENTS for the year ended 31" DECEMBER 2023

CIJFfoN DIOCESE c￿rIty Number: 1170168 Company Number: 10462076 Regtstertd Address: SL Ambto North Road Leigb Woods Bristol BS8 3PW PROFESSIONAL ADVISERS Audltor8: Haysmacintyre LLP 10 Queen Street Place London EC4R IAG Bankers: National Westminster Bank PIC Commercial Office PO Box No 2702 3 Temple Back East Temple Qway Bristol BSI 9BW IDves¢meDI Manager: Evelyn Partners Portwall Place Portwall Lane Bristol BSI 6NA Soli¢itors: Sione King LLP Upper Borough Court Upper Borough Walls Bath BAI IRG

CONTENTS PAGE Trnstees. Report 1-15 Strategic Report 16-22 tnd¢p¢nd¢nt Auditofs Report 23-25 Statement of FiD￿CIal Activiti¢s 27 Balanc¢ Sbeet 28 Cash Flow Stat¢m¢nt 29 Notes to the Finan¢ial Ststemellts 30-54

TRUSTEES. REPORT BISHOP'S VISION The Church of Clifton is called to be a peopl¢ who believe in Chris¢ who celebrate Christ and who live An the way of Chri$L The Church 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 the Kingdom and to make disciples. so that the world will be transforn]ed according to God's plan. MISSION Our Parishes and Communities should be places wher¢ Christ is celebrated. Shared, proclaimed and lived. where everyone is welcomed and valued and all have a sense of responsibility for the life of the community and the world. commuNIO We ar¢ called lo be disciples who not only know about Jesus but also come to know him in pray¢T. Our liturgies should be ¢elebrated in such a way that ChTiSt's word is heard. his presence known, and which are so connected to our lives that we joyfully take up the command 'Go in peace glorifying the Lord by your life.. PRAYE Clif￿￿ ￿￿c￿eAn￿￿alRePorI 2023

IRUSTEES. REPORT HISTORY OF THE DIOCESE OF CLIFroN Until 31 DeizDknT2017theR(rnati Catknlic Di{￿ of Clift(mwas CC8LstiMtd4s a Ch￿lty forB￿rnan Catholic PU￿OSesbYtheD￿1araIlonofTnlStd￿ted6thMaY1934. aDE￿￿dbya s¢h¢nK dato119'AU￿t 1996 and fitrth¢rall￿n￿dby ascknjedatol IP Janw2(N)7. All rq￿)rt1ngWasrn￿c uthr¢d Cbarity No. 233977. On l January 2018 the ass¢ts and op￿￿10[￿8 of the DIOC￿ tranSf￿red to this Charitable coM￿Y LimitedbyGuardntee.calledClift0ttDi￿¢se.TheCom1wnUmbCrjS IlM62076andth¢ch￿itylluMb is 1170168. The Diredors oftheCbarAtsbleCOn￿allYa[e the TrusXe4 andthis ¢ompany ca￿leS onthe activities of the Diocese. The Dioc¢s¢ ¢ompYise8 the counties of Somert GI0￿c￿terthl￿ Wiltshire andthe City and CouIty of Bristol. Cliftonislargely 8nwaldio(>scen(xTrMpas￿gn￿townsandy1l1agc5Wlth severalmalium conurbatiOn8 and onen￿jOrClty. The Diocese seryesits people through 104 paTishe4 27 maintai schools and I sixth f(Km college. 12 single a￿l￿nIeS, 3 multi-aca(kmy trusts, 2 sp￿la1 sch￿)15 and2 independent schools and the Diocesan administrative office {Curia). Th¢ principal obj¢d5 of the ch￿lty are the adVat1￿mentOf the RomauCatholicre]igion. the relrf of poverty, the mailltellan¢x of the Roman Catholic Churches and the provision of Roman C8th01 education within the Dlocese of Clifton. ORGANISATIONAL STRUCTURE The primary routes of delivery of the ChaTitable Company's objectivesaTr the parishes and s¢h¢x)b within the Diocese. As part of the wider Catholic comTllLullty the Diocae WOTks collaix)ratively with other Dioc¢w in England and Wales and th¢ Bishop is active internationally througb his work with the Catholic TnL* for England and Wal￿. The Diocesan administrative office supports the delivery of the objectives by co-ordination of Diocesan-wide progrdmmes and ensules a cohesive approxh to the administrdtion of the Diocese cffcctively SUT￿rttheparl$be4 whith isp&rtirularIyirnpithtd￿lo in¢r¢asingstathtory reqllirn￿ts in areas such as property management and govcrnance. Parlshes Ther¢ are approximatcly 170,(JJ) people who idelltify as Catholic within the Clifton Diocese. Dafy. parishiontr5 gather in our Churches for worship within the parishes, creating local Catho commutiities wlllchun<krpintheforn]ation oftheir faith atKI &livcr ￿treath to thewid¢r comm￿1 in which Ibey are based. Th¢T¢ are 77 active priests (Diocesan and Religious) within the Diocese who lead th¢ parith communities, sUEWrt￿bYs0 deaL￿L$ManY0fW￿omc0￿l1lnethelr[ellgI0usvolation with careuaJ)d Clif￿￿ DiocueAnntsal Report 2023

family responsilTriliti¢s. In a(klition, thereare many retirql priasts who continueto providesupport and ministy where needed. The role of the laity within the Diocese continuesto be a central feature to the life of our Catho comtnunity andas aresult ther¢ is a focus Oll their fOllnatio￿ growth andspiritual wellb¢nw A key role of the Diocesan D¢path￿t for Adult Education and Evan8elis&tion is to facilitate varKHL8 training ¢venl$ and provide resources to assist with fomiation activities. Throughout2023 Mass attendancewithinthemajorityof par1she5hasretur￿ltOp[e-parA1ernl¢leVC with thc provision of the Sacrallrnts also inc￿a51￿ Parishes througbout th¢ Dio¢¢s¢ ¢ontinue welcome new parishir￿￿TS wbo have moved to the UK from cowitries such as Africa, the Indiati subcontinent andthe PhIli￿l￿e4 partiojlarlywithin the large townsand city location8 wherethere i a large provision of employment within the healthca￿ sector. Mass Attendanee and Sa¢raments 2023 1.169 90 1,417 634 22.294 2022 581 68 1.552 830 19,132 Baptistn5 Received into the Chur¢b First Holy Cotnmunions CoDfwJnation Sunday Mass attendance Outreach to local communities remains a key fo¢w forparithes. Adivitiesare centred around mi&si( and Catholic s￿1&1 teaching and inc1￿le SUFQOrt for lo￿1 f￿1 banks and prowi(KLsforthe homek su¢h as soup rnns. Th¢ Dioc¢s¢ aThl pwisbes haveclose links withCAFOD (Catholic Agency forovffseas DeYe]otAn￿t) and throu￿ this a￿1 Oth￿rOut¢s. thtt¢ 15 stroDg 5UPWrt from acro&q the Dioce￿ for oveLWS WO]kin areas of pov¢rty. warand where natural disasta5 have taken plaK There are also various initiatives undertaken to support refu8¢¢s both in the UK and ovcrseas. The]04p￿ishesCornprIs1T￿thcc11fl0nDtoC￿f0m1thec0re0f0urC&thojiCc0rnMUllity. Thepartshes are served by 56 secular priests and 21 pri¢sts from orders and other missions. The priestfulfils the central role in the parish Ministylngsa￿Q1￿ leadingworship aDd in widerministyto the faihfid and the Community at large. Clifton Diocese is aL80 fortunate to be servedby a team of 50p¢nnancntdeac￿￿ whoare vital to the pastornl life of the DI(￿e￿a Thedeacons offer ministy tothe Chwrb som&ime8 al￿g$]￿, and wov into. a full WOTkingcareerand family life. In many porishes that shaTepriests. thedexon wodis Wmkr th¢ direction of the priest in the delivery of pastoral care. Following the rcstructure in 2023 the parishes co-OPCta*as 9 d¢#neries/ pastordl areas, facilitating local coU8bor8tion and provides a collegiate environment for parish priests. The parishiontts fimdboththeupkeep ofthe CIR]rchbuildings aThlthe ￿(X)nIn(￿jats0n andlivingLX)sts of theirpriests. In additionto this Tesponsibility.tbey C{￿(nIx￿e through a parish share to the supp)rt Cliffvn DioceseAnnudlReport2023

of the Dioc¢san depaxtmental structuft and a vastrange of external charities and group& As well &8 their financial contr11￿tio￿ the parishi0De￿ a]socontribu timeandeffortbothto the Dj]￿ing0rther parishes and to the wider Community through groups proviikng local support and welfar¢ s¢rvKe& Some of ourparishesare operdting in Communities fxiDgthe chall¢D8¢sof unenyloyntntandsrnal deprivation, and community buiidiug is ititegrdl to the work of thes¢ parAshes. Schools There are 52 Catholic primary. 7 Catholic seco￿lary scknols anda Sixth form college 2 indeN&knt special schools and 2 other indep¢txknt schoolswithin the Diocese. Followingthe forniation of Ihe Little WayEdu¢atioDalTruston l January2￿24. th¢raren0wthreeDioc￿ll CatknlicMulti-ALth Trnsts in the Diocese compIisiDg 20 primary schools. Over 21.800 pupib are ¢du¢at¢d in our schools and whilst PriOTity is given to Catholic appli approximately 480/0 of pupils ar¢ drawn from outside the Catholic community. The academ perfomunce of our schools is a key focus for the Diocesan Departn￿ of Schoots and Colle￿. therefo￿, regular monitoiing and ¢n8agemellt with Headteachus and Boards of Governors are und¢rtak¢L Th¢ ptovisionof trainingfort¢acbo3 andgovetrKrs ren￿lDS an importantactivityfor tbe team, particularly with the introdu¢tion of the new Catholic School Jnspection Framewo& whidi focus&s on the Catholic ethos of schools. Th¢ team also continua5 to WO￿ ¢losely with the relevattt Local Authorilies. the Regional Schools Commissiotw and OFSTED to ensure that bio) qualty education is delivered. PUBLIC BENEFIT The TTUStees confirnithatthey have complial with the duty as defmedin section 17 of th¢ Cbariti&s Act 2022. to have due regard to public benefft guidaniy publish￿1 by the Charity commissm)￿ in determiningthe activiti&4 Ut¥lotsk¢n by the Charity. In making this declaratio￿ theTrnstees con8Mkr the work of theDiocese in supwitingow ch*itable thiectsandthesectioDs itlow elaborate fUth￿On the key areas of the benefit of our work to the public. Access to our Churches Ourchurches areanimportantpartofhiyw0wcommunitiesdcfinethet￿elvesandth¢Yarea SI￿lf￿￿nt f¢atur¢ in many townsandcities. Mostof thas¢ buildin￿ are betweffl 30and 150years old and g)me are ofbistoricalandatthitsctural 1rnEm)rtan￿. HistoricEn￿alldlISt$oMe. Weareguardiansof ahe thathas been pa&8edonto us andwe will always doourb¢stto passthemon in good0rd￿t0 th¢ nart gcncration. Allof themaTe SUbj￿tt0aneedforcOnstsDtrna1nttnan(l andrepairandthis isa signifKant part of our overall expclldi¢ure. Help to the needy When we cometo love of our n¢igbbows, Jesus Christwas vy cl¢arthat this didnot just meanl]K who live n¢xtdoor to us, bUteVeryo￿ thatwe sharethis beautiful God-givenplan¢t wiih. Our cl Clifvn DiocueAnnuolRéport 2023

Dd parisbioner8Teach out notjuto theirownm¢TrlKrs.butalsoto all whomay needtheirhelp. They an be found helpiDgon soupnuL8 atsJf the homd¢ss atnight sh¢lth aThJf(KMJ bank$ assisimg disabled adults and childrn. visititig the sick athom¢. in a nuTsill8 hom4 or in hospital, dealingwilh Fair Trade and a whole range of ¢nvironmelltal issues. workiDg for justice and peace at home and abroad, hclpingwith asylumissu¢s and couDscllmg those with all sort% of problenkq. Fitially. raisiug awarenessoftheplightofthe marginalisedinmanyp8rtsofthewodd.ardrdisingfundstO 8iv¢py&ti￿l assistance to sucb areas attd peoples. Cvvordinating collective fundrahlllg efforts For accountingpurp)se4 the moneythat ¢buT¢hgoa3 nise f(T third partiesis notclassifial as Ch￿th income. However. the realityis thatwith1￿tth¢ klpand slnthreof the Churc1¥ tha8efund8 wouTdnot b¢ rais¢d. So. for th¢ Church, charity is not a welfare activity whicb couldbe left to others. butan int¢gralpartof wh* it m¢4nsto be a per&)nof faith and a member of the Roman Catholic ChuTCh. Edutatlon Thenumberofpr]maryandse￿￿￿rys¢h￿IsWithwhlcbwcare involvalmak¢susasiguifi¢an¢figllE in the fieldof educatio￿ We areinvolvedwith asmany.if notmoTesch(Kyl4thanmanylocal educafy)n authorities. Wbitst our primary thnL8tis to providepIa¢&s for Catholic childre4 it is also true that Ih¢ schools havea signifJ¢ant numlxr ofpupils and staff fr(rtn otha Chri5tianttaditionsand otherfaits. Our schools are constantly e￿￿jragcd to strive for excellenc¢ for all pupils. and we value the colltribution that these s¢hfy)Is maketo theirlocal communiti¢s. We alway8 aimto have ourschwL8&8 bwonsof excellenc< not only acthmically butalso in foith a￿lM(￿als. In this way) wehe4)k) sbow our love of our neighbours. PRINCIPAL RISKS AND UNCERTAINTIES The Trust¢¢s activelyreviewthemaj(Y strategic busiDeSS atsJOprati(x￿IIskS to whichth¢Charitsbk Compauyis exposed aThl confirm that th¢s¢bave beenrevle￿dand strategiesand sy5t¢n￿ havebeen establishedto mitigatc exposure to these risks. Fach Head of Departmcntand SubQommitt¢¢ of1h¢ Board is required to monitor clws anddevelop sJ3tans to mitigat¢risk wFKncvcrp)ssible. Thek risks identified by thc Board include: Effective implementation of H¢ahh & Safety legislation Mitigations: Onlitle training modules available for employ¢¢s and volunteers D¢tail¢d policies and procedures in place. with regular review undertak¢n Implemetttation of Safcty Toolbox for parAshes Resource constraints Mitigations: Regular review of clergy r¢sour¢¢s is undertaken Succession plans in place for clergy and kcy cmployees Clifvn Dioc&teANnualReport 2023

Safeguarding of children and of vulnerabl¢ adults Mitigations.. Structured trainiag pro8ramme in place for cl¢rgy. employees and volunteers Diocesan Safeguarding team consist of experienced Safeguarding professionals National Catholic safeguardtng policies and procedures are impl¢ment¢d Safe8u&rding Committee estsblished as a sub-committee of the Board of Trustees Diocesan Server Management and Cyber Security Mitigations.. User Ac¢¢ss controls in place including multi-factOT authentication Regular system back ups completed by external rr provider Ongoing rollout of Microsoft 365 security functionality Hosting of Diocesan websites outsourced to ￿ provider FUNDRAISING APPROACH Clifton Diocese is registered with the Fundrni5ing Regulatorand abides by thc Code of Fundraising Practice. The majority of ourfutxtr4ising4thivityis condwted withinparisbc5 via direLtcOn￿t parishioners. Parisbionersare aIso ￿￿tartedbY email if theyhaveprovi&d¢orts￿l extherdircctyor i)Jdir¢ctly. for example via the p￿]Sh Dewsldter. FundraisiDg appeals are mallaged by the Diocese across au parishes. The Dioc&4edo¢s notemployc0m￿r￿al fundrai￿rS0[C0n1aCt membets of Ihe public who arc not parishioners. Our parish￿ led by our priests, have a duty of Care lowanl any vuJn¢rabl¢ parishionas and we take great car¢ to ensure theyare treatedwitb di￿lty and re8p&#and in a¢¢ordan¢e with our safeguarding po]icies. To date no Complaints aiKthfundrdising activities have been Teceived by the Diocese. (2022". Nil) GOVERNANCE AND MANAGEMENT Governance The Dio¢esanTruste¢s ledby the BislKJp. in conjunctionwith the Ca￿￿lL31b(xll¢5 of the DI￿e8￿8 r¢sponsibl¢ forformulatingstrategies whi¢h d¢livtrth¢ pastoral WO￿ of th¢ Dioc¢se. Theydevek policies which ¢nsurc complian¢x with civil legislation ond ensurc the dissemination of su¢b polKies throU￿oUt th¢ Diocese. for example safe8uardin8 and bealth and safety. Throu￿ a CornmillEe sITUCture they oveiseeall aspects of compliat￿¢WIth r¢l¢vant legislation including flnancial ¢ontsD rnaThagem¢nt of Dio¢¢san properties and employment issues. The Bishop is appoinknl by tbe Pope as chief Sheph￿d.￿aCh￿ and sanctificr of the Diocesan tw(. He also has a rol¢ as the le&r of anorganisationwith 149¢n¥iloye&8, 8&8ets of£52.4m and income or £11.3m. He is advisedbya Bisb(p'sCouDciI ofsen1￿ clu8y a￿a¢hair$ the B(Mrdof Tn￿trts. fomrd of both cler&y and lay MeMb￿S. The Bishop is ¢MpOw￿cd¢o appoint andremoveallTTUSte¢& The Tnthbody is mad¢ upof ¢bgy and lay faitlthl ofthe Dioce￿. There are 14Tru¢s or￿1th Bish(y is ChaimwL The 6 011 clerical Trust¢¢s are arp)illt¢dfoTtheire￿rtlse inparctbial, spiritual. pastoral atKI canon1￿1 matty& Clif*Jn llioceseAnnuolReport 2023

Th¢ 7 lay Tru$t¢es are selectedfortheirwide-TaDgingbu￿esS atyl eduLztional expertise. Trustees&E appointsdfor a terni of 3 years retsewable up to a maximum of 9 years. Periodically a skills audit is ulldertake￿ andskill gaps ide￿IfiCdbea￿IDg1ll mind the ¢unEnt areasof wo]k whithprovide spe¢1 challenges for the Diocese. R¢crnitment is carried out after adv¢rtisin8 throU￿oUt the Catho community of the Diocese. When the Charity GoVern￿￿e Code was publisTr*d in July 2017. the Tn￿teeS evaluatedthe Boanl's perfOrn￿￿¢agaJnSt ¢ath pIincwle of the Co(kand fouthl that the Dio(zK metrnost of the outcomes. The Trustees adopt&l the Cod¢ and havc aspired to meet all r¢quirem¢nts. In Novernb￿ 2023 th¢ Trustees reviewed the revised version of the Code and Ieaffirn￿d the aspirations to meet all the requirements. New Thste¢s are given an induction which includes a pack of inforniation on the consti￿lI)n, governance, and opwation of the Dioc&%e. All Trust¢es are ¢K￿ted to be familtar with the centsal departsnents andth¢ parishes ofthe Diocese. Th¢ Tn￿te¢S are a150 encowd to attend any cou which will supportthe deVel0F￿￿t oftheirrole and ]n-h(￿e trainings¢ssions arc provided to on any changes in legislation. The Board has established sev¢ral ¢OnJni￿s to loc&at sp￿]fiC a5￿ts of thecharity aJMI theyrqxmt back to the main Board of TNst¢¢s. The Bishop andemployees oftheDiocesewish to acknowledge the contiibutionmade by th¢ TrL and the support that they give to the Diocese in terms of both skill5 and time. A list of the TTUSt¢es and the key committees of the Diocese are set out below. Charitable Company: Clifton Dioc¢se St Ambrose North Road Leigh Woods BIistol BS8 3PW Trustees of Cllfton Diocese: Rigbt Reverend Bosco MacDonald. Bishop of C]iftoll (Chair) (Appointed 08105r2024) Risht Rev¢rend Declan Lan& Bishop Em¢ritys of Clifton (Chair) (Resi￿ed 08105r2024) Rev. ￿. Canon William Slattery VG (Vice Chair) Rev. Canon Colin Mason VG Rev. Canon Richard Dwyer Rev. Callon John CutLnsngbam R¢v. David Mills Rev. St¢phen Boughton Dr Mi¢hacl Thompson Mr Patrick Gravcs Mr Richard Ashby Clifvn DlotesÉAnnualReport 2023

Ik Timothy Coyle (Resigned 30A)8r2023) Ms Ann-marie Wykes (Appointed 12112f2023) Ms ￿U]Se-mar1e M¢Donald (Appointed 12112r2023) Mr John Shipsey (Appoint¢d 02102r2024) Ms Sara Marsh (Appoini¢d 07102f2024) Minute Se¢retary to the Tr￿tee5. Miss Sharon Owen Prlvate Secretary to the Biihop: Miss Alessla Dini sU￿c￿mMIttees and CouncJJ8 The tnembers of the eight ￿￿]ll sub40n)mittees are as follows (Th￿te¢S dclloted with (T)). The Audlt & Rlsk Conunhtst: R¢v. St¢pben Bougbton CT) (Chair) Rev. Mgr. Canon William Slattery VG R¢v. Callon Colin Mason VG (]) Rev. Canon Jobn cUnnin￿￿m (T) Dr Tim Coyl¢ (D (Resigned 30108r2023) Mr John Shipsey (T) (Appointed 02102r2024) Mr John Kyffin This Committee is composed of a minimwn of 3 Trustees and I lay member. The Chi¢f Operthg Officer and Di{￿￿an Financial Adtllinistrator IHeadofFinauc< as well as onLY a year the l¢adpart and audit manager from our Auditors, arc ID attendaTh￿. li m¢¢ts 3 tiJnes per year to r¢vi¢w ri managemenL fmancial reportin& control and govcrnance. The Investment Collunlttse: Dr Timothy Coyle cr) (Chair) (Resigned 30108r2023) Mr lohn Shwscy (T) (Chair) (Appointed 02102r2024) Rev. Mgr. Canon William Slattery VG (T) Mr Richard Ashby (T) Ms Jenny Tozer Ms Rosamond HaThis This committec is composedof a minimumof 2 Trustees and 2 lay professionol membffs andme&s withthelead InveStm￿lManagcrfr0MEV¢I￿Th PaTlncs. Thechief0￿r￿IllgOfri￿r￿￿]the Clifv?x ￿0¢¢lEAn￿¥￿I Report 2023

Financial AdMInitht￿ IHead of Finance are in att¢Odall￿. It generally meds twice peryearbut in volatile times has a m¢¢lw)ismin placeto meetm0refrq￿tly. The [nve￿￿tCOMrnitte¢ is * sub- ¢ommitte¢ of the Finance Committee. The Clergy Wtlfart Committee= Rev. David Mills m (Chair) Rev. Canon Alall Finley Right Reverend Bosco MacDonald, Bisbop of Clifton (Re$i8n¢d 31112r2023) Rev. Canon Colin Mason (T) Rev. Trevor Jolles This ¢omn)itteerewrts to the full TruskeBoardviath¢ HR Cfdnmitte& ItdeaL8 with the welfare of all ¢l¢r8y but particularlythose who due to age, infirniity or othu ¢ircU]nSta￿￿$, need assistanc& The Chi¢f Op¢r&ting offic￿ and Diocesan Management Accountant are in attendance. The Property Committee: Rev. David Mills m (Cbair) Rev. Canon Colin Mason VG (T) Rev. Stephen Boughton (D Mr Richard Ashby (T) Ms Louis¢-fvtsrie McDoD&ld m (Appointed 12112f2023) Ms Sara Marskn (T) (Appointed 07102f2024) This wmmittee is composed of a minimum of 4 Trust¢¢s with the Head of Property Services, Chrf Op¢TatingOffi¢ff and the DiocesanFiDancial Adminitrdtff l Head of Finance in attendpnct. Its ro is to look at all property related issuesin parish& and to give approvdl f(r small works (up to £31X)k) aad where possible to makerec0mn￿thtion to the mainBoard for apwovaI on works oveTthis litrrit The Property Committ¢¢ g¢n¢rally meets 6 times a year. The Head of Property se￿ICe8 and Ihe Diocesan Financial Administrator l Head of Finance have a fuTth¢r delegatsd respon&bi]ity p￿ a schcdule approved by Trnste¢s. The HR Committee: Ri￿l Reverend Bosco MacDonald. Bishop of CliftoD (Chair) {Appointed 08A)512024) Ri8bt Reverend Dcclan Lan& Bishop Emeriths of Clifton (Chair) (D (Resigned 08A)5r2024) Rev. ￿. Canon William Slattery VG (T) Rev. Canon Colin Mason VG (D Mr Nigel Cook Siobhan Killsman (Appointed 27mir2023) This committee is composed of 3 Trnstees as well as having the support of a lay professional and a professional HR Advisor who is retained by the Dio¢¢* to giv¢ infornjation andadvice as ne¢deAL Jt deals with all employment related issues in the Diocese. It is chaired by the Bishop with the Chrf Clif￿￿ Dlo¢eseAnnMalReporf 2023

Operating Officer, the Executive A￿tStant to the Chief Operdting Officer and the HR Advisor attendance. The Flnante Committee: Mr John Shipsey IT) (Chair) (Appointed 02102r2024) R¢v. Mgr. Canon William Slattery VG Rev. Canon Colin MasoD VG (T) Rev. David Mills (D Dr. Timothy Coyle (T) (Resi8ned 3010812024) Mr Richard Asbby (D Mrs Ann Tarr (ResigThed 3111212023) This conunitteeis cojjwsedof 5 Trustr¢swith theCbiefO￿[at1llgOffi£￿ alldtheDiocesan Financial AdministrdtorlHead of Fin￿elll attendar￿e. Itsrol¢ is to 1ookatallf￿ancere1atedi$sUeS1npa1i4￿s alld to give approval for expeThlith (up to £3(Klk) aThi wherepossiblc to mpkerecomnrndation kn the main Board for approval on expcT¥Jiture overthis limiL Th¢ Fin￿rC Committee generally meets 6 times a year. The Diocesan Financial Administsattr l Head of Finance has a further delegthl responsibility per a schedule approved by Trustees. The Health and Safety Collllllittee: Rev. David Mills CD (￿alr) Mr Richard Asbby (T) This committe¢is con¥)0s￿lOf a minimumof 2 Tntstres withthechief oP￿ating0ffi¢￿. the of Property Servic&g andthe Health and Safdy Co￿Ordinatr& in attendarny. Itme¢ts on aD ad hoc bosi8 10 review health and safety activities. The S*feguardlDg Cou]D￿ttee. Mr Richard Ashby (D (Chair) Rev David Mills (T) Deacon Paul Brandon Dr Maamc Sarfo (Resigned 31112r2023) Mr Patrick Graves (r) Mrs M¢g Ryan (Appointed 28 May 2024) The committee is compossj of a miELimum of 2 Trustrcs, a Cler￿ repr¢s¢ntstive with safeguarding experience atsj one indytmlart safe8u¥ding ¢AF¢rt. Itgenerally meds 6 times a year, with the Chrf Op¢r4ting Officer and Diocesan Safeguarding Coordinator in attendaDc¢. Its role is to review the perfomunce ofthe Diocese in Safe￿dIng rnatte￿ to ensuTr thatit is operatingwithin the standa policies alld procedures of the Catholic Safeguarding Standards Agency. Clifvn Dioeesf A•n¥al Report 2023 10

TRUSTEES, REPORT Clifton Cxtholic Diocesan Edu¢2tion Foundation l Academy Projvt Board This is a company limited by guarant¢¢ and th¢ Board of Directors compis£g of the TTUSt¢s wth education experi￿¢¢,the Chi¢f Operdtingofficu, the Director of Schools & Colleges. the Schoob Partnership OffI￿r and an indePe￿kntedWatioJlll e4xrt. Its rol¢ focu*$on twokcy5 areas. hoklmg the Diocesan acad¢mi¢s to account under its remit as a corporate member considering and approving applicatio￿8 forDi(wan sd)(ds to convert intomulti acadanylTusts. The Bcmrdgenera meets 6 times a year. Coun¢il of Priests The priests in this body med at least tsvice peryear to advise aThl dtsLus% with the Bishco & varnty of pastoral i55ues that are relevant to the Dioc¢s¢. Dio¢e8an Pastoral Coun¢ll This ¢oun¢il is ¢omposedof lay and clerical members fmm aroundthe Diocese. togctherwith son staff fromth¢ centsal depOfima￿&. It meets as required to look at stsategic planningto dealwith t pastoral needs of div¢rs¢ Communities that make up our parish¢s and deaneries. Bishop'8 Cowicll This confidffltial coullcil is comp(￿1 of the 2 vica￿ Genaal aThl the Judicial Vi¢Ar (all of whom Trustees) who meet with Ihe Bishop to discuss any aspectsof the life of the Dioc¢s¢ thatthe Bisbop wishes to aiT with them. 11 generallyme¢ts M(￿thEy.andthe Chief OpffatingOffi¢¢ris in attendanc& Pastoral Mattagetnent The Bishop is Si4)portedin his pastiKal lea<krship of theDio(tse by two VIC￿ General. The Bithopi4 advised bythe Bishop's COU￿11 aDdtheChaptsYofCallo￿%. Tr cou[￿]1 of Priestsprovides the linkkn the parish priests and deall¢ries. The Bishop also undertok¢s partsh visitatioL8, visits to schools and pr¢sid¢s over annual Dioc&wi events suchas the Rite of Electi￿,the Chri5tnMass. the Pilgrimage to Gla8toniwy and the Dioc￿￿ Day. Curla The TDJStees and Committees are supp(rt￿ ID theirwork bythe Curia. The Curial comprisesseveral departtnents that worktog¢th¢rto provith a rolmt andCff￿tiVe administrativestycture to suFwrt Ihe p￿iSheS and ￿h0O7$ and provide day to day support for the deliv￿ of pastornl aims. CllJknn DiocexeAnnualReport 2023 ij

Senior Management Team Mrs Lyn Munxy- Chief Operating Offittr Mrs Mary Cox - Direclor of Schoo]s and ColleEes Ms Rebecca Cawsey - Safeguarding Coordinator (Resi￿ed 29109f2023) MTS Janice Pearson - Saf¢guardillg Coordinator (Appointed 0410912023) Mr Simon Husscy- Diocesart Financial Admi￿trator l Head of Finance Mrs Jo LoDg- Head of Propety Servi¢¢s Miss Sarah Adams- Director of Adult FAlucation and EvaDgelisation Nfr Philip GiTrbons - Communications Offic¢r Remuneratioll Policy Remunerationforthe seniLY maDag¢twtteam is detern￿dbY the HRCommitt¢eby be￿IlMa[king roles against similar positions in other Dioc¢scs and the charity sector. with the aim to attrnct, retain and motivat¢ a tslentsd leadership team which focuscd Oll supporting deliv¢ry of the Dioce mission. Dloeesan Departments Aduli Educatlon & Evangelisatlon This team supports andpronMes all aspe£tsofCatholic edwationand fornution. Itworks to promot all understandingandimplem￿tatsOnofth¢ Genetd DireLory for Ceth¢sis aJMI the Rite of Chrisli Initiation of Adults as the model forall wr4mentsi preparatio￿ It also provides support in are&s of marriage and famity life and youth mxtiisty. The Diocesan Liturgy Office, working within the departmenL also provides forn)ation. support and development of the liturgical life of parishes. Safeguardln% The Safeguarding team works for the PTOtectirn and safdy of all and specifically for childru) ond vu]nerable adults with whom theDioc&8e has contact or forwlK)m itha5 rcsponsibility. The team al oversees the safe recruilmcnt and safeguarding training for clergy. employees and volunteers. S¢hool Colleges This department both advises the TTU5tccs of all aspects of educati￿ and works closely with the Catholic staff of the school and Colleges of the Diocese. It also h&s a s¢rYice Icvel agreemenl witrL schools to provide a range of services to eacb institution. Clifvn ThoceieAnnkalReporr 2023 J2

Property Servlces This d¢partmentworks bothwith the central Curial offi¢&s andthe indivithai parishes to dedwith Ihe vastrange of issue$ associat￿ wtth ¢burth￿ and prorrties, such as health & safetyrequiranats ensure compliance with law. The team also supports with issues Telatingto Dio¢¢san owll￿ sdwl buildings and land and overs¢¢s facilities management for all Curia properties. Finan¢¢ This depaTth]¢nt deals with a muhithde of fInat￿l¥l and administrative aspects of the work of the Diocese. Itnotonly co-oTdinat&s the central fmaa(ts a￿db￿1g￿S ofthe DiiK&%ebut italso collects all p￿ISh shares atLddea]s with all askxcts ofGift Aidal d(￿￿ti￿S and salatias forthe indiTridualparn and thcir staff. Communication8 TheCommuni¢atiODS Offic¢workstOpron￿tetheaCtlYi(1￿%andtCaCh￿gS0f thechurthusingallfottr of m¢dia. including the Diocesan website, social and Print media. P&rtshe8 The 104 pgrishes itLtheDi0￿se delewdtstheday-trHlay administrati(rt) of thepropetyand ￿ets ) Ihe parish priests who are advised by their paTisb fuwice committee. Volunteers Over 3,000 volunteeTS help in all areas of the work of th¢ Dioc¢s¢. particulaxly within the partsh ¢nvironm¢llL atMlwithLMtt their assistance the PaTish&8 c￿ldn0t funLaiotL Th¢Trn#eas. clw employees arevery ptefid to Ihern for thetime andc0mmitm￿ltheY giv¢ to supox)rt theactivitKs of the Dioces¢. Certain volunt¢¢Ts such a5 T￿asUre[S. School GOvern￿S and Parish Safeguthing Representativcs arerequiredto atteTrl r¢8ularJytrainingcours&% andbricfings so thatthey are proF** equipp¢d for their roles in the Diocese. RELATED PARTIES Subsidiary Charhles The following ¢l]ariti¢s' inconK exp￿di¢￿[Ca￿Ja￿tshave i￿￿]nCI￿AcdiD the finallci￿ Stat￿nts0f Clifton DI0￿￿, as thecharitablecompnyis the sole CorFK)rate Tntst& The anyjullts a[enotn￿] and therefore we have not presented cntity-only fjnancial statements: Cllfopn ThoceseAnnualReport2023 13

CHAIUTY NAME REGisfERED NO. Clifton Catholic Diocesan Trustees Registered 1170168-7 Edith Mary Young Memorial Fund 1170168-1 Elizabeth Lady Herbert Foundation 1170168-2 Hcavell's Roman Catholic 0￿hanIE¢ for Girls 1170168-3 Lady Anmdell of War(kMrBwu&4t for Training of 11701684 for the Roman Catho]ic Priesthood The following chariti¢s have not been activated: St Francis of Assisi Roman Catholic Church. Nai15ea Clifton Diocesan Common Investment Fund The DI0¢¢￿ of Clif￿￿ Education Trust 1170168-5 1170168-6 313215 STATEMENT OF TRUSTELS, RESPONSIBILITIES We are reSpo￿91b1¢ f(￿preParingthcTrUSlCeg ReFKYt, the Strategic ReiKfft aThl thefmancial 5tatall￿ts in accordallcc with applicable law and Tegu]ations. Company law requires that weprepare the f￿￿101 s¢atenKnts foreach f￿anCIal year. U￿1CrthaI law. we have ¢l¢¢t¢d to prepare the fIn￿￿Ka1 statements in accord￿e with United Kingdom Genua Ac¢¢pt¢d A¢countingPractice (United Kingdom A¢¢ouDliDg S1andards and applicable law). Un4kn company law wemust not apyrove thefllwKial statenrnts UDJ¢sswe are 5ati5fiedthat they give a tue and fairview of the state of affairs ofthe CharitableCo￿anY and of tbeprofit or loss of the Charitabk Company for that period. h) PTepating these financial st4l¢m¢nts, we are required to: select suitable accounting poli¢i¢s and tb¢D appty them consistentty. make judgements and estimates that are reasonable and ptudent. state whetherappli¢a)le UK acwutitingsla￿ardShave been followed subjectto anymataial departures disclosed and explained in the fmancial statements. and prepareth¢ r￿￿￿101S￿tc￿￿ts0￿the￿X)illge0nCernb1SiSU￿lessitis iDappropri&etopre5nll that the Charitsble CompaDy will continue ID business. We are responsible fork¢¢piJ)gproperaccoutttitigrecorth that are suffici￿1 to 8how and explain the Charitable Company's tranwti(ns and disclas¢ with reasonable aCQ￿Y at any time. the fmallcial Position of the Charitable Coryanyandenable us to ensurethatthe f￿ancial statenrnts cojjwly wib the CompaniesAct2(M)6. We areals0resFK￿SIblef(y$&f¢guarthngtheassetsoftheCbarltlblCconVllY and hence for takingrewnable steps for the pre¥￿ti(￿anddet&tiOll of fraud andother irre8u]arittt We are responsible fOrthemainteD￿K¢andintrgyltyOftheco￿XI[ateaDdfinaThCIa1iDfo￿nati￿lUCkthl on the Cbaritablc Company's website. Lewlation in th¢ Uuited Kingdom governing the preparaly)n and disKmination of financial ststements ll￿y differ from legislation in oth¢r jurisdictions. Cliffr)n DiocueAnAualReport 2023

As far as we are aware: There is no relevantaudit inf(Ymalionof whichthe charitable comp￿￿8&udItoTlS unawa The Trustees have taken all steps that they oughtto hav¢ tsken to make thernselves aWa￿Or any relevant audit infotmation and to cslablisbthatthe auditor is awar¢ of that inforniation. This TTUStees' RetM)rt was appovalby the TnL$￿son the 4S¢Frtenknr2024 aThIsign￿I on therbd)8]f by.. Rt. Rev. Bosco MacDonald Bishop of Clifton (Chairman) Clifthn DioceseAnnualReport 2023 15

STRATEGIC REPORT ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR K¢y areas of activity and achievement throughout the Diocese durillg the year are as follows: The Cathedral Chwdi of &S P¢trand Paul Celeb￿ed its GoldenJubile¢with a Solemnmass of Thanksgiving on 30 June 2023. The Mass was a very special occasion whichwas attaMI by th¢irRoyal Highn&wA The Duke aNI D￿heSS of Glowester, civic andecunynical gues colleY¢gues from the Curia offices andp￿lshI0￿US ofthecathedral andparishesthrougbout Diocese. The allnual Dioce8an pilgrimage to Inurdes was held in AugusL This was the fjrsttime that pl1￿lmS fromthe Diocese hadtrdvelled to ￿urde8 togethtrsincc 2019 dueto the panikn The thity-seven pilgrims includol DioC￿all clergy and parishion￿S from various partslKs througbout the Diocese. Care fortheenvirotm]entandourcoMnThh(￿rrernaaL￿akcYf0c￿8. wtthnwiyofowpa committed to Sup￿tingFOpeF[anCls. encyclicaltAudato Si. Th¢ CAFOD LiveSimplyAwa is an OPPOTtullity forpatishes and sch(x)Is to thi& Five DiiK&%an parishesandf(sur schools havealreadya¢hiev￿l the LiveSimplyAward" elevenparish&s and two schools bav¢ started W0￿1ngtOW8rd il with a further fourparishesand thirteen schools signed up to the scheme. Over thity young people from the DIOC￿ travelled to Lisbon in Porn8al to attend WOOJ Youth Day in August 2023. Duringthe lead up to th¢ ¢v¢nL fOrn￿tion sessions were hekl at various locations around the Dioc¢s¢ iti order for the group to develop their relatioDsh4)s tlwtrugb ¢xplorin8 their faith joumeys and prd)Ing togeth¢r. Following the WYD evetkts in Lisbon. tbe 8roup also had the opportunty ts) take a pilgrimage to Fatima. Episcopal Ordin8tlon Followingthe retirement of Bishop DeclaD Lan& Bishop Bosco MacDonald was ordain￿ th¢ t¢nth Bishop of Clifton on 8 May 2024. The Mass of OrdiDatiffl and Installation was beldat the Cathedral Church of SS Pefrrand Paul and over l.IOOp¢(y]¢w¢￿ in att¢llda￿e incluikng 120 membffs of th¢ clergy. It was a v¢ry PTay¢rful and joyous occasion. Deanery Structhre Chan2¢s The nine new deajwlpastordl areaswere impl¢nrntol on I ScptanLrr2023 with the aimto slipp parishes ID sharingresouresand gifts so thaitheycontTnue to be pl￿$ of w¢lcom¢ andhope, alld b) focus on deep￿]Dgpr￿Yer, enablingcommuDio￿ ard strengthfflingmissicqL Each pastoral are4 wliKh is named aftera Dioces3nsainLwill fo¢us ondetern)ts)ing the p￿OrdI neixts ofthe area andthe wtiler community to support the mission of the Church. Deanery / Pastoral areas St Edmund of Abingdon- the Bristol area St Alexander Briant- south-west Bristol and surrounding areas St Ken¢lm- Cb¢lfrnham alld surrounding areas St Wulston - Gloucestrsbir¢ and South Gloucestetshire areas Clifvn D¥oceseAnnual Report 2023 16

rnTEGIC REK)RT St Aldhelm- Swindon and surrounding area5 St Oliv¢r Plunkett- Bath, Chippenham. From¢ and surroundillg 8reas Blessed Richard Whiting- Giastonbury and sU￿}unding areas St Edith Wilton - Salisbury and surrounding ar St Dunstan - Weston-super-mare. Taunton and sum)unding areas Clergy Supp)rt Three semiDariaThsare CU￿entlY in f0rnknti￿ for the￿lehO0df￿th¢DI￿CSe. Thvo are intheir year at St Mary's Coll¢ge. Oscott and one in the fjrstyear of fornjatiL￿at Pontifical BedaCoI1e￿ in Rome. Vocationsto the Pern)anent Dia¢otJal¢ contillueto be stron& Two S￿d¢nts are due to be oTdaIn￿in September2￿ andth¢r¢ar¢ el¢ven students currendy in fom]aticM). three sthiknts in the4r fourihyear of studies. three in the third year,two in the second year andthree startingthe frstyearin Septmber 2024. There are alsoa furtl￿re1gbt indivi(knais WIK) are to COTrnnffl(z the initial disC￿nm￿t s. The Diaconateprogrdme continuesto drnw on skills andability fromboth withAn andoutside of the Diocese to $14)wrtthe candidatas on their joumey of fOrn]atiO￿ atyl toknaardg f(rming and shaping tl hearts to b¢ icons of service for our p￿]Sh ¢ommuniti¢s and Diocese. Throughoutthe year nineDio¢aan priebts celeErat&] theirordination jubll¢s. Two priests celebratd theirDiamondJubil¢es,on¢aGold¢nJubilee.oneaRUbyJubik¢a￿IfJVgpricStsCelCbIatcdthe1rSIfv JubJl¢¢s. Educ8tion The Diocesan School Strat¢gy remains a key priority. Bishop Bosco m￿Don￿ld addreswj the Headt¢a¢h¢rs and chai￿ of Governor5 ofthe VoluntaryAidedscknols and Sixth Fornicollege in Juty 2024 and confirmsj his vision for all sch￿1$tO transfrrinto (tleof thethree DI￿esan Multi-Acad¢my Trusts. The importance of secuiingcatholiceducationin the Diocese was stressed, as good Cathol schools pIay a ctu¢ial role in theedwatiordl missionof th¢ Churth. Catholic s¢lK>ols play theirpart ni this mission by supportillgpaThts in forn)ation of theirchildren. The growth plan forthe three Mulli- Academy Trust5 was presented with details of the p1alln￿ limiDg5 for schwls and the Sixth Fomi college to transfer into tbeir deSi￿ated Trngts by the eDd of January 2027. The three TTusts are already on tkiigromh pl￿ with the Dun*aDCatknlicEdwational now comprisingt¢n primary scknlswith a furth¢ro￿ likelyto join on l January 2025. The Ca￿inal Newman Educational Trnsl is CUTrendy bome to four Primary schools. with another joining on I Scptember 2024 aJNJ two a￿ltiOnaLprInwY $th￿l$ by l Jalwary 2025. Asa newly fornrdTrnst ofstr primary 8¢hools. the Little Way Catholic Edu¢atifflal T￿￿twIll commence its growth plans in 2025. with additional ￿h0O1$ starting to transfer in April 2025. The RcgioDal Schoo]s commissio￿T. the Regional DeliveryDirectordte and the Diocasw S¢h(K¥k & Colleges team Contin￿ to me¢ton a regularbasi5 to supwrt the ongoing enEagcmeDtwith the ￿h0o1 partnerships and to provide spe£ific suppth to indiNrydual s¢iby)Is as necessary. CU￿¢￿tlY OV￿ 85/0 of Diocesan schools are rdted Good or above under Ihc Ofsted framework. Duting the 2023 12024 academieyear. fourteen Dioce￿ schools have been Inspect￿ u￿1¢y the National Inspection Framework for Catholic schools. The Framework fo¢uKs on measuring t Catholic ethos of all Catholi¢ s¢hools withinEngland and Wales on a consistem basis and930/o ofthe Diocesan schools inspected during the year have b¢¢n rated Good or above. Cllfvn ThoceseAnnuulReport 2023 J7

STRATEGIC REPORT The three.year ¥r0￿COf £5mcapitai atFt¥Jiture onour v0lityryai￿scR￿]S is ￿>ntIllU￿g8lU1 to date £4.2m has been allo¢at¢d to building pmjects. Pastoral and Formatlon Acdvldes The provisionof a V￿lety0rpM8t(1al andfornjatim activitiesha8 f￿lIllateath[oU￿ovI Ihe year, together with various ¢v¢nts. The Diocesan Day of FonnatioD, which was atteDd¢d by over 200 delegates. explored bow the Dine new Pastoral Areas could start to collaborate and support onc another. The all￿￿al pilgrimage to the Shrine ofour Ladyin Glastonbwy was also a great suc￿￿￿ aThl plI￿lmS who were unable to attend in p¢r50n were abl¢ to follow online remotsly. ThePastoralMinistyCourse forthe laitylinkaltytheunivetsityofLoyolainChi¢a80 isongoitigwth ven $tuLkns now in their se(xind yearof studi¢& Four of the sth(knts ar¢ part fundcd bytheDioca three are Self-￿T￿le¢1 The DioLYsan FornLIti(m Ccrtifi(3te in P&storal Ministy Skills conlnu&% ) be popular with thirteen indivith]als uoikrtakingthe L¥)urs& Both of the5¢c￿￿SeS provide follnalM)n h) equip individuals to support the pastordl needs of their parishes. VaTiOussessi0￿SbaVebeenfaCI]iratedby th¢DepartttlltofAdu]tEducation& Evangeli8ationwiththe aim of providingongoing fonnation andcatr£hesis. These1ncl￿Ic all Online Retreat for LenL Th¢Joy of the Gospel Cate¢hist Day. LCntenRec￿clliat10Th se￿i¢¢s, Adv￿tprdY￿ andMarria8e and Fanthy Life resour¢e8. The Dtocese (x>ntinuesto b¢ ¢ngag&l iti the wWldwideSy￿di￿ltxat￿l by POF Fra￿ls andis fo￿￿1n8 on what it means tob¢a Sy￿181 Church. EnLX)wawg indivithjals to communicat¢ ajxl di3￿MthI￿u spiritual listening COnve￿atiL￿s1s a key activity as this approach will supportparishes and deane￿6 working together collaboTativ¢ly to move forward with p]aDDing for the future. Property Ongoingmaintenanceofparish churc￿$ andbuildings is a key foc￿. with many parishesulldertd(mg WOTks highlightedbyquinquenDialrep(rts, aswellasvariou8refurbishmentpToject& Work8undert at St Nicholas of Tolentino included in￿lIation of rdnw to tbe Churc￿ & d￿abled toil¢t and mf repairs. The Cathedral Churthof SS Peter arkd Paul has upgtadedthe front cathedral carpark and BonaVell￿re has installed a new altar. Fillancial rlsk n￿ll*gement objectiv As described in tb¢ Tn￿te¢s. repor¢ the Charitable Company has esthblished a risk and financml management fTamewtrkwba5e prillkryobj￿tive$aTc to protertthe CharitabLeCompany from evthts that hinder the a¢hIeve￿t0f the Cbaritablecompany's objectivcs. Th¢ Charitable Company hasno operatioDS outside of the UK and is not exposedto moVeM￿ts in exchange rates, and therefore do¢s not ent¢r into transactioA8 with derivative instruma)ts. Cash flow and liquidity risk is covered by forecastingand managenKnt of cash. The Charitsble Company has no si8ttificant individual debiKMS and therefore limited credit risk. Key aregs of work for tbe future To promot¢ fundralsingactivities f(￿clergyTTal￿]D8 8Ddthe Prie￿ Retirement Fun￿ tO8¢th¢r with a l¢ga¢y campaigtL to SUPPOrt fubjre donations. Cliftsn DioceseAnnualReport 2023 18

STRATEGIC REPORT To ¢ncoura8e vocatiffls within the Diocese and to WO￿ wilh the Vocations t¢am to bring fonvard candidates for the priesthood. To Support the nine deaneri85 Ipast(nl arw with their collaborative working and activety cncourdge interaction with th¢ lay faithful to p]an for f¢wer pri¢sts within the parishes. To contitiue to cncourage and support paTishes to work towards achieving the CAFOD Livesimply award &s an opportimity to demonstrate care for our common home. To actively engage in the2025Jubil¢e Year- Pl1￿ of H￿eWith th¢opfflll)gof two Holy Doors at the Cathcdral Chutchof SS P¢r and Paul in Clifton and Our IAdy of St Mary of Glastonbury. FINANCIAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 TheFinancialStstano]tshavebeenprwaruJiD aC(xy￿arKewithth¢prin¢1p1cS¢ontsln￿iti thestafrment of Re￿mmen(￿l PraLl￿ for Clwitrs{SOIiP 2015) (Second Edition, eff￿tive l January2019)-iwed by the Charity commis￿onerS forEnglandatsJWales atMI in aC0)rda]￿ with the a￿o￿ti08p0kc￿ out in note I to the Financial Statements. The Financial Statemthts do not include any Val￿ for school protaties. Truste￿ con&d¢rthat no meanin￿1 value can be attributed to these sincc they are not used d]r￿tlY by th¢ Ch￿itab￿ Company. Theydonotgenerateinc(MJx ardcarwtbedisP)s￿ofjntheo￿Imarket0TpUtto alten)ativ¢ use whil¢ such occupation, which may b¢ indefmite. conlillues. Curial incorne includas thep8r1thsh￿y.whIth1s a contnlution fr(Anth¢ DiwesanparishestowallLs the nning ¢o&s of theCuri& IÉ is presfflted in the published accounts as a'transfer between funds" Total Curial Incon￿ was low¢t in 2023 at£l.131kc0n￿[￿to £2.176kin 2021 as a ontroff lewof over £1 Million Increas￿ income iti 2022. Th¢re was an overall su4)lus of £533k on fixed ass& inv¢stmarts in 2023 comEwed to a deficit of £1.171k in 2022. Inchmkd in the2023 investment suwbjs was a £25k ill(Te￿ intherevaMati(m of invcstThth p￿t￿leS (£20kin 2022). The investntht gen¢rated inveslment income of £206k in 2023 (2022: £207k). Total Curial expenditurewas £5.691k(2022.. £3.738kl This increase is due to plann￿expayJlth of £2.4 million fmm Restrictd fwxl& In spite of the ongoing decisions to drawdown on Reserv4 Ihe Trustees are confident that the Diocese continues to be a going concern. Ov¢rall. Curial Funds decreased in the year by £2,381k (2022: decrease of £1,785k). Total Curial Funds asat 31 D￿ernI￿￿23 wff¢ £19,415k(2022: £21.796k) of which£lO.962k (20ll: £10.754k) were Ur￿estrICt￿1. Fixed a&sets a¢couDt for £3,828k(2022: £3.677k) oftot81 Curial Funds of which £3,615k (2022.. £3.457k) is unrestrict&J. Totalcurial Funds inclllde £1.062k{2022: £877k) net balances due fmm parishes. Clilbn ThoceseAnnuol Report2023 19

Paroeblal Funds The unTaStrrt&l offertory, donatio￿arKI lega¢i¢s f(rtheyearwas £6.036k(2022: £7J77k),Mrylh the main reason forth¢ decrease d￿10 twolarge l¢ga¢iesreceivryJduring2022. Income from clwitable a¢tiviti¢s. includiDg fundrdising itiLX)mewas £1219k (2022.. £1.816kl Otber in(xime of £1S07k (2022: £476k) 15 higherdueto tb¢sakof St Joseph's C¢Dtr¢ in Seil)ury aDJ OurLadyHelp ofchristi Mass Centre in Bourtonthon-the Water. Therc wcre no property sales undet14ken during 2022. Th¢ charitablee4KThliturebytheparnhesw&8 highff iti 21123 * £7.682k(2022: £6.782k). a131/10 increase on 2022 wbich is due to higher utility and maintenance costs. Oycrall, Parish Funds inC￿2$¢d in thc year by £1.052k (2022: £1.815k). TotalParishFunds asat31 DeCem￿r2023amthjntcdtO £33.O21k(2￿￿: £31.975k)ofwhich£32J89k (2022:£31,126k)wasuntestricte(L Fr¢¢holdlatyJandbuildin￿acCCrtmtf(r£14.o72k[2￿2.£14,736k} of total Parish Funds. all of which is unrestricted. INVESTMKNT POWERS The TThst Deed authuyses the Truth￿ to makeandbold1nv¢Stn￿ts U5iDgthe fUt￿50f the ch￿itybk Company will￿t anyr￿tri&l0￿￿. acLxthg to th¢ law forth¢lirnebeTngin fO￿e a￿1 in th¢pWCb￿ of real prop￿Of any nattuE ortenurt tn C￿Qfpn￿tybe1dasp￿tht ¢￿10}yMa￿.ll0 invastr￿t maybem8d¢in anym0nnttnotaud￿l￿dby0rWithrmrtSuchc0n$entT¢q￿rd bytheinstnnnent¢reatittg the perniauent e￿w￿nI andno s&leoT exthange of realpTOIKrty sb811 bema&without the(x)rkwtof the Charity Commissioners and the Companies Act 2006. lllvestment Policy and PerfornwDce Investments are managed by Evelyn Par(ners on a discretionary basis. The aim of the inveslD portfolioisto maintsjnthepurchasirgpowtrofthccapitslwhilstgen￿atll1g8n inCon￿streartL Gthernl Dio¢esall deposits ale inV￿ted]n asp￿￿ of short-knbaDkdqJosiLs In 2014a S￿ond￿Y inve51nMt portfoliowa5 establishedwith asmall¢rprop*xtiOllofequitiesthanth¢mainportfoliointhe anticipati)n of gencrating better returns than fix¢d intcr¢st deposits. Th¢ Investment Committ¢e reviews the perfomi8nc¢ of the main portfolio agdinst th¢ approprnt indices. The primarybenchnth index is RPI with a secondarybencFm]th of the APCIMS Balanc Ind¢x. Excluding additional itLvestDrnL the underlying fuDls iticreasal in value by 7.70/0 (yield and capitslgrowtb). The Tru#e&% r¢maInc(￿fidelltthatth¢p¢rfQrn1￿edeM￿￿]edbYthelnyethentpo]ry will continue to be aChI￿¢d against the backdrop of a currently volatile market The Investhxnt Committe¢ contin￿St0 invc4t Di(￿￿8Th￿t￿￿ in ac(xT&￿% withanethi¢al poli￿. Th¢ policy avoids illvestn￿Iin Con¥￿ie$ providing abortionsetv¢es aThl related activities ard compari thatgenerdterno￿ than IYO ofrevenue fiDrn a)ntrdLWtl￿.h1&h int￿stIate lawJin& adult entetsi and non-¢onventionaJ weapons. Direct investm￿tIll C(Kn￿liesWhK￿o￿￿ f(wil r¢w4esor that get￿rate morethan 5Yo ofAEvenue from fossil fuel energy generation, is avoided. Cliftyn DioceseAnnualReport 2023 20

It also avoids investnKnt in compani&s that generntc more than IOO/• of reve￿ frcfjn convenlu) weapons and weapon systems, alcohol and tobacco production and gambling. The Trusteesrequire th¢ ￿ndm￿l￿get$ tocon8itsth¢ followiDgareasatyJavoxl investing in CO￿?￿ that fall short of r¢l¢vanl industy prnctice: Human rights Gender and wial discrimination Environmental controversies RESERVES POLICY The freereserves hekl by the CharAtabl¢ Comtw a￿ th￿efi￿ that ar¢f￿dYayalIb￿ to be spt in pursuingthe C￿ltableCOm[thry's pu1￿$¢.Tan￿ble r￿eda￿.p￿mat￿llt¢nd0￿ restricdand desigTh&ted fullds are not included in fr￿ resuves. Th¢ fr¢¢ reserves of the Charitable Company at th¢ fmancial year-end were: 2023 £'ooo 52,442 2022 £'ooo 53.771 Totsl Funds Less: Pcrnianent Endowmalt FU￿￿8 Restricted Funds DesigtLated Funds Tangible Fix¢d Assets (898) (8,193) (3,658) (17,687) (853) (11.038) (4.543) (18.193) Free Reserves of the Charity 22,006 19,144 The Trustees caTefi]Uymonitortbe level of free re8ffYffi as partof theirlonger4emi fmaDcialpkning which inclu(ksnotonlythe on-goingprogramnKofprLytyrepaI￿ andnw builds but also a ten-year pr0￿MM¢0f sch￿15. ex￿dItur& SUI￿rman￿8¢￿CDt onbeha]f of tr£TnLsL¢¢s alsomonikn Ixth OD a day-to-day basis to ensure liquid funds are available for routine expenditure. In view of the ll&￿Te of the ChaTitsble Com￿ny. th¢ TN8teesconsider that the holdiJ)8 of r¢s¢ryes iq n¢¢¢ssaryto provide a bUfferagai￿8t5b0rt-￿rnI fluctUati￿S ill incomeand expe￿Ilture andto p¥ovyle suffici￿1 re9)U￿eS to implementlong-temi ￿0je￿£ ￿1¢barebYthe]rnatUreu￿yIt￿ in ￿￿1rrI￿￿l effecL Thetin)yngof (all for Di￿san fillmls forthes¢lKK)Is'buildingpTogrdmme will depa)don the availability of funding by the Education Funding Authority. Free Teserves have increased by £2.862k dwing the year. The free reserv&% repreS￿t 26 months of recU￿lDg unrestrKtAI ex￿￿ltUre{2o22. 25 m(Mths). In the light of thelong-tm Cha￿teriStICS of d expendits￿ planthe Trustee8considerthat the Cb8ritableCollwanyshould maintsinfreer¢scrv¢sof at least 24 tnonths. recutrillg unrestiicted expendityr¢. Clifton ThoceseAnnuolReport2023 21

SIRATEGIC REPORT The paro¢bi81 fre¢reseThes fOrni£l8￿lIk (2022: £16,IWk) of thetotal £22.0(fft (2022: £19.144kl tt should also be Dotrd that whilst the balall￿ 5h¢# show8.cash P4t bank and sbort-tam depisits- of £17.596k(2022.. £18,321 k). thisbalance in¢luiks sal¢ prOCe￿80f £2.539k (2022: £4.790k) hekl for future schools building proJ￿ts and other funds h¢ld for restricted purposes. This Strategic ReporL w&s awmvoJbytheTrues on the 4SeFeroiu21Y24 aDd$W￿On Iheirbebalf by.. Rt. Rev. Bosco Ma¢Donald Bishop of Clifton (Chairn)an) ClifvpL Dlo¢e¥eAnnualReport 2023 22

AUDITOR'S RETh)RT ndepemdent luditor's report to the Dwmbers of Clifton Diocese Oplnlon We have audital the f￿￿la1 statements of Clifton Diocese for the year ended 31 Dec&nber 2￿23 which comptisE the Statement of Financial Activiti¢& Balance SheeL Statern￿l of Cash Flows and otes to the fll]a1￿1al statcrnents.including & sumnwy of sigThifiCantacLXM￿II￿gpolIc1¢￿. The fllwicial reporting frdrnew￿kthat has b¢¢nAppliedin theirpreparation is appli¢abl¢ law andUnitedKinglom Accounting Standards, includingFIll￿￿ia1Rep0rtIllg Stalltsd 102 TheFinancialReportingStandard applieqble in the UK and Republic of Ireland (United Kingdom Genernlly Accepted Accou11￿g Practice). In our opinion. the fjnancial stat¢meats: giv¢ a tru¢ and fair vi¢w of the state of the chaTitsblecompany's affairs as of 31 Decth 2023 and of the charitable compan￿$ net movement ill fuDrl8, including the income a￿1 expendithre, for the year then ended. have been prepared in a¢cordaDc¢ with United Kingdom Generally Acceptrd Accounkng Pra¢ti¢¢" attd have been prepared in accordance with the requirements of the Companies Act 2006. Bsl$ for opinion We conduded ouraudit in acL¥)rdall(z withtnternational Standardq ￿ A￿LlIng{UK) (ISAs(UK))and applicable law. Our responsll)ilities under those standards aTe further described in th¢ Auditor's responsibilities for the audit of the fmancial state￿llts se£tiOD of ourrewtrrt. We ar¢ indeFAknt of Ihe charity in accordance with the ethical requirements that ar¢ r¢l¢vant to our audit of the financRI statements in the UK, In¢l￿dIngthe FRC'S Ethical Standard. and we bavc fuifilledourother ethi r¢spon8ibilities in accor(knce with thes¢ requira￿l￿. We believe that the audit evide￿¢ we hav¢ obtained is suffi¢ien¢ and appropriate to provide a basi5 for our opinion. Coneluslon$ relating to going concern In auditing the fmaDciai Staten￿nts.We haye co￿1￿￿1 thatthetru&ees' use ofthe goingc0￿￿1￿1i1 of a¢¢ountin8 in the prepardtion of the financial statements is appropriate. Based on the work we have perforn*￿ w¢ have Dot identified any material uncettiiDti¢s relating events or conditions tha( individually or collectivety. may cast significant doubt on the charitabk company's abillty to continue as a goingconcqn foi a p¢ri(Klof at leasttwelve months fromwheThlh¢ financial statenjents authoTised for issue. Ourresponsilyilities And thcrespLNLs1biliti￿ ofthe truStr￿ witb respecl to going conLZrn aT¢ de￿￿Tr in the relevant sections of this reporL Other informadon The bvstee8 arerc&potL%iblefor the Oth￿ infornJation.The othtr information (ximprisesthe inforniatm included in the Trustees. Report. Our opinim on thc f￿ancial ststements doa not cover th¢ o inforniation and. exceptto the extentotherwise explicitly stat¢din ourr¢po¢ we do not expre&% atsy fomi of assurance conclusion thereon. In connection with our audit of the fmancial 5tatemen4 our responsibility is to ffad the oth inforniation indoing so. consi&rwhetherthe other inforn)atÉon is materially inci￿51stentwith the financiai statements. or our knowledg¢ obtainal in the audit or otherwise appears to be materlally misslated. If we ideDtify sucb material incon8iStencies or apparalt Mat￿la1 misslatements. we a required to deteml1newhdh￿ there is a Materialml￿atun￿t iti the financial statemats or a matani misstatcment ofthe othu inf(mlltion. If. i￿Sed OD the wo& wehave w¢ ¢oncludcthat ther¢ is an￿te￿alM1sStatcm￿tOfth1s0th￿1nfOllnali0￿ w¢aTer¢quirolto rep0xthatf￿t. Wehavenothmg to report in this regdrd. Clifiav IAo¢eseAnnualRqx)rt 2023 23

AUDITOR'S REPORT OplnloDS Oll Other ￿￿tter8 presenl>ed by the Companie8 Act 2006 In our Opillion, based on the work undertaken in the course of the audit: the inforn)ation given in the Trustees. Report (whi¢h includes the strntegic report and the directors, reprtpreprnl forthepurwksesof¢(ryauy l&w) forthe fin￿la1 yeaT forwbich the financial statements are prepared is consistent with the f￿aTr¢I&l statements" and the strategic report and the dir¢ctors' reportincluded within th¢ T￿￿te¢s. Reporthave I piepared in ac¢ordattce with applicable legal requiren)ents. Matters oll whl¢h we are required to re￿rt by eiceptlon En the light oftheknowlulgeandundastand￿g0f thecharitablecompanyand its¢J)vircfflmattobtsill in th¢ course of the audil. we have n(rt identified materia] misstatenKnts in theTruses' Report incorporatss the strate8i¢ report and the directors. report). We have nothingto Teport in re8peL# of the followingmattersitt rclation to which the convani￿ Act 2006 requires us lo report to you if, in our opinion: ad¢quatrac¢(wttit￿ records havenotbeenkWbYth¢ch￿Itab]e ￿n￿ally, or rrturns for our audit have not been received from branches not visited by us. or the charitable companyfman¢ial statements are not in a￿ee￿￿tW1th the accountingreo)rds and returns. or ¢¢rtain disclosu￿5 of trustees. ￿MUneratiOn sp¢cified by law are not made. or we have not received all the infonnation and explanations we require for our audiL RespDnsibihties of trustees for the fiMn¢ial 5ttements As explained morefully in the trustees. respO￿81b)litIeS stat¢nnt set out onpage 14 thetNstees (who are also the directors of the charitable compaty forthe pu￿SeS0f com[￿Y law) are r¢spowftJk for the p[￿aratioll of the fmancial statemats and for beingsatisfied that they give a true and fair view, And for swh internal control as thelrn#eesdd¢rn]in¢ is n¢¢&ssary toenable the preEHralionof fJDar statements that are free from D￿terIal misststmenL wbether due to fraud or e￿Or. Iupreparingthefinoncialstatements.thetrusteesareresponsiTrJle f0rasses￿ingthech4ritabIe compw's ability to continueas a going Conc￿ dis¢lasin& as applicable, matters Telatedto goingconcem and usingtbe going concernbasis of accountxtigunle55the truste&s either intend to liquidatetbe ¢h￿l1abk company or to Cease operdtions, or have no realisti¢ ah¢rnativ¢ but to do so. Audltor's rel￿nSi7)I11ties for the gudh of the fmaDcfil statements Ourobje¢tives aTe to d)tsin reas(rf)able &￿￿rance8￿Ut￿hetherthe financial statements as a a fre¢ from material misstatcmenL whethu due to fraud orerror. and to issue an auditor's Teport that includcs OUT Opinio￿ Rea￿Dable assurall￿ is a bi8b level of aSSUr￿ebUt is not a guardntee that gJ] audit conducted in accordance with ISAS IUK) will always detect a material misstatement when il exists. Misstatementscan arise fromfrdud or crror aryl are CO￿81de$￿I material if, individualty or lli the awegate, they could Teas(M]ably be exFded to influ￿¢¢the e¢(wmic decisiotLS of users taken b on these f￿ancial sta*m¢nts. Irregularities. including frnwj, are instanLYS ofnon-C(Mnpliancewith laws and regulatio￿. We desy procedures in line with ourresponsibilities. outlinej aknve, to det￿tMatcrlal misstatements in r of iTregularities, includin8 fraud. The extcnt to which our proceduras ar¢ ¢apabl¢ of dctectmg irr¢gulariti¢s, including fraud is detailed below: Based on ourunderstanthngof the ch8rit8ble companyand the enVIr(￿D￿ntitt which it operate&we id¢ntifiedthatthe principal risks of non-ci>rnpliaDce with laws and r¢gulations related to compliancc with Canon Law. Company Act 2006. Charities Act 201 I, emplo5￿￿llt law and bealth and safw regulations. and w¢coLsid¢roJthe extentto which non-conw]ianc¢ migbtbave a material effect on Ihe f￿ancial ststements. We also consideralthose laws aad regulations thatbave a directimpacton the Cliflon Thoce4eknn¥al Rewrt2O23 34

AUDITOR'S REPORT preparntion of the financial statements such as Canon Iaw. Companies Act 2006. Charities Act 2011, The Statement of Recommended Prn¢ti¢e for Charities (SORP 2015). FRS102 and payroll tsx¢s. W¢ evaluated management's In￿￿tiVeS and oprK)rtuniti¢s for fraudulent manipulalion of the financial statetnents (including the risk of override of controls) and detern]ined that the principal risks were related to recognition of income and management bias in certsin accounting estimates. Audxt procedures perfomed by the engagement team include41: Insp¢ctxng trustees. minutes Insp¢¢ting correspondence with regulators and tax authorities. Discussions with management including consideration of known or s• inst&n¢es of non- compliance with laws. ffgulation and fraud. Evaluating management's controls designed to Prevent and detect irregular&ties. Identifying and testing journal& and Challenging assumptions and judgements made by managemenl in their Criti￿1 accounting estimates. Because of the inher¢nt limitations of an audAL there is a risk that w¢ will not d&*t all irregularities. including those le￿ing to a matrrial missta¢¢ment in the financial sW¢ments or non-compliance with r¢gulation. This risk increases the mor¢ that compliance with a law or regulation is removed from Ihe events and transactions reflected in the financial ￿8ternents. ￿ we will be less likely to become awAr¢ of instances of non-compliance. The risk is also greater regarding iTr¢gularities occurring due to fraud rather than error. as fraud involves intentional conc¢almenL forgery. collusion. omission. or misrepresentation. A fiirther description of our Tesponsibtlities for the audit of the financial statements is located on the Financial Reportin8 Council's website &t'. www.frc.o .uklauditor&￿s nsibilitie5. This description fornis part of our auditor's re￿)rt. U8¢ of our report This r¢Fth is made solely to the charitable company's member5. as a body? in accordanc¢ with Chapter 3 of Part 16 of the Companies A¢1 2006. Our audit WO￿ has been undertaken so th&t we might slate to the charitable companys memixrs those matters we are required io state to them in an Auditorfs report and for no other pu]yose. To the fullest extent Fxrmitted by law. we do not a¢cept or assume responsibility to anyone other than the charitAbl¢ company and the charitsbl¢ company's members as a IKJdy. for our audit work, for this reFK>rt. or for the opinions we have fortned. Kathryn Burton (Senior Stathtory Auditor) 10 Queen Street Pla¢¢ For and on b¢half of Haysmacintyre LLP. Statutory Auditors London EC4R IAG Date.. 9th September2024 Clifion DI￿¢￿¢ AnntsalRepori 2023 25

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Clijion Di0￿eAn￿￿ilRe￿rt 2023 26

Inth

FINANCtAL STAIEMENTS FOR ]HE YEAR ENDED 31 DECEMBER 2023 BALANCE SHEET ASAT 31 DECEMBER 2011 for Clifton DiOc￿e Coll4Mny No. 10462076 2023 P8zor&i￿ Totsl 2022 £'Iw £'•oD £'o(KJ £'(M)O FIXED ASSEts Tao8ible fLxal &%$ets 14,072 6232 179 J8305 105 3.677 11.4Y2 15.169 14,736 5.6(K) 20J36 18,413 17.092 io 11,973 15.801 cURRF￿T ASSETS Debt(XS 949 1.735 1.048 2.783 18J21 21.104 13.421 14.032 17 5.124 32 Cmlityrs.. withiti one ye4r 12 (2550) (247) K7971 12.5&)) (2.816) 246 12 70 NET CURRFNfASSErs 652 13.707 IA359 6.018 18.288 TOTALASSETS LESS 18.453 34,011 5L464 21.187 53.793 13 (22) (22) (22) (22) 1984) 631 (631) NEf ASSETS 33.027 52,442 21.796 31.975 53.771 CLw]￿ Pwrhi81 Tot1 £'W4 Totsl RESIFJCIED FUNDS 14 15 674 7.779 8.453 224 414 638 641 10.401 11.042 212 637 853 11.038 11.891 (193 9.091 UNRESTrICIFD FifNDS D¢5igD8trd Gme¥al fi]nd 16 17 6.967 3995 10.962 14.378 21J45 21006 J51 7,704 3.050 10.754 15.032 22.736 32.389 31.126 41.880 TOTALFtrNDS 19.415 33.027 52.442 21.796 31.975 53,771 The balance sheet was approved by the Board of Trustees, and authorised for issu¢. on the 4th SeptembeT 2024 and signed on their b¢half by thc Chairnwi and Bishop. Right Reverend Bo MacDonald: Rt. R¢v. Bosco MacDonald Bishop of Clifton (Chaitman) Cliftsrt D¢o¢ese AnnuolReport 2023 28

FINANCIAL STAIEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENf OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 £'ooo 2022 £'ooo Cash flow from operating a¢tiVit￿. Net cosh provided by (used in) opernting activitiu.. 20 {2,320) 207 Cash flows from Invuting acthTltles: Divid¢nds. interest and rents fmm investsnents Procecds from the sale of propety. plant and equipment Purchase of propety. plant and equipmcnt Proceeds from th¢ sale of inyeslments lknrchase of investtnents Investmeut Fees adjustsnent Cash beld for investment Net eash provided by (used in) invuting dclivitiu." 897 1.302 (244) (1,833) 4,227 3,614 (4.612) (5.762) 71 73 46 852 725 525 io io io io Change in Cash and cash equivalents in th¢ r¢pot1inE puiod.. Cash and cash equiydlentsai th¢ b¢ginningof therepixting period: Cash and cash equivalents ai the end of Ihe reporlingperiod.. (725) (2.324) 18 321 20645 17 596 18 The notes on pages 29 to 54 forni an int¢gral part of these fmancial statements. Cli)￿n DioceseAnnuol Report 2023 29

NOIES TO IHE FINANCIAL STATEMENIE ACCOUNTING POLICILS Basis of a¢¢ounthg The fmancial statalla)ts bave beffl p￿pared in aCCCffd￿¢wtththC FinanciglReporting Stalldard applicable in the UK and Republic of Irela￿ (FRS 102) and the StateM￿t of Recollmne Practice forCI￿ltieS (SORP2015) {s￿￿lE411tioll, cftkdive l Jallw2019) a]xl theC(rtnpanias A¢t2016 The Charity is a Public Benefit Entity r¢wt¢red as a charity iti England and Wales. The PTincipal accowttingpolicies which bave been adoEknd on a consistaht basis within that convention are set out below. Gokng ¢oneerA In spite of llrneed fOrTn￿ to u%ca ￿n￿InatiOn0rdalsllthdandreStri&rd r13ave5 in 2023, res¢rv¢levds andfuttreplaJJshavebLYnreviewedandtheTtu#¢¢s Ikaveconfi(kwethatthechaty remaitLS agoing cowern f(r the fo￿le fillu￿ A L3thfi0wstatffl￿nthaSbetapm1ucdW)ts> SeplemEtr 2025 to r¢fled the forec&%ts] positi￿ and the Trustees Considtr that theTe are rnaterial uncertainti¢s regarding the charity's ability to ¢ODlinu¢ as 8 80ing concern. Critical accoullting judgements and key sources of estill￿tiOn un¢ertalnty In the application of theacLX)W￿lngpO1￿Ies.Tn￿tes aTerequitedto makeiudgement4 estunats and aSstyionsaFnuttheca￿ingVOIUCOr asth aTrJ liabilitias thalaren0tT￿IIY apparent from other sourLES. The estima￿ andund%lJing assilnVi0￿S are b￿dOll histiKid exp¢ri¢tKe&xl other factors that are relevanL Acts￿1 results may differ from these estimates. The ¢slim&tes and undertyiDg assumNions are reviewed on an ongoing basis. Revision5 to accountingestiTnat&% are recognisth in the pericd in which the estimate is tevised if the revr> aff￿tsOnlythalperic#1 orin thc p￿1￿ of therevision atylfuthTrpaiods if the revision aff￿1 current &￿j futu￿ rKri(Mts. The TnLsts CO￿$1￿ the¢slimation of lifeof fixeAassetsÈ) anar¢aofjudgan￿ta￿d¢51Irt￿I1o￿thathaSasIgTrIficaDteffe¢tOnthe finwKi&l statanents. FuTd detai]s on thes¢ judgen￿nts4re providcdbelow untstangibl¢ fixedassds. Inve51mentpropaty has been valued in accordance with the poIicy noted below. In the view of the Trust¢e& no assumptio￿ concerning the future or estimation uncerknty af(￿tIng ￿ets or liabilitias 8t thebalaMt 5heetdate liketytoresultin a material adj'wlmi their canying amounts in the next fjnancial year. Income and endoTrvments Income is Tecognised in th¢ peTiodin which the Charityis entided to receipi it is probablethat income will be received. and th¢ amount can be measured reliabty. Clifton DxotdteAnnualReport 2023 30

NOTES TO ]HE FINANCIAL STAIEMEN13 1. ACCOUNTING POUCIES (CONTINUED) b&sis. Donatio￿$T¢￿IveA fortk garTal ofthe (I￿ltyarecr￿IIt￿I towYearicl&l fjJTh Donations subject to specific wishes of the donors are Ca￿le￿ to Telev￿1 r¢8¢ricted fund8. Legacies are acwuntAI forwbenthe o>Thliti(XLS forth¢irrrf¢xpl havebeffl rnet atMI the aDMXllrtca be quantified with reasonable accuTacy. DoDateda&%&s areindud&l in StenthtofFinanLRa] A¢iviti¢s on are￿iV3b1e basis￿$ll￿￿e low¢r of markct value or the valu¢ ts th¢ Diocese. Sundry grant ine(me andwts obtained on bebalf of S¢h(x)IGovern0￿ are accounted for on a receivable basis (see Sch￿ts Acc(AJnling Policy below). FundTaisitig income is shown net of associated costs. Incomearising f￿rnsal&s of property is re¢Wis￿laS soonas the￿ is a b]lld￿g ￿￿een￿t. Thi% is usualty thc date of exchange of ¢ontrdds. Howev￿. if the sale is conditional, income i r¢cogni8ed when those conditions have b¢¢n fulfill￿. All income fromendowmejrt furds is T¢striGtedinconand is expendeAin accordaD2 with I oriwl ternis of the elldowmenL tnComefr￿] Cor(#)avimsJob Rgknti￿ SCbeme(Furl￿￿j Scheme) is treated as a Govarull￿t GranL TheGraDt is treatd as income and the associated sa]ary costs treated as expenditure. Exptnditure ExpetLditureis accountalforin thepeti(MJill wh￿hthe Charityb¢comes d)ligedtomake atrd]L8f of valueto a third party. Theirrg))v¢tabl¢ elatKnt of VATIS 1ndwI￿twithill the itemof exp￿ to which it relates. Where an itsm of expenditurefalls d]r￿dY wthin or£ cost ￿tegOry. it is attributeAJ tothat (ale only. Wbere CAE￿dItu[e involv¢s m(Ke than otr it i8 appOTlion￿I on a reason&bleaThJ justifiabl¢ basis. Grants aThldonatiOTts trocIwAtymak¢svoknn￿1Iy tooth￿ ifLstitutionsorindtvittiuLq to further its Obj￿tiVes. Theyare chargal to the Stal¢rnEnt of Financial Activitiesin the year in which theyare payabl& Grants a￿] donations also indude amounts paul to charltias or fil￿ or spent on Specif￿ prOJ￿ts. The Sun￿ havebeen collectoj fromparishionersforthese sptti PUTpose8. Casts ofclwii&)k activities are atuty%d li Ih¢ notes by the tytK of xtivty. Clifrom ￿￿¢￿eAn￿¥￿lReport2tr23 31

NOTES TO THB FtNANCIAL STATEMENTS ACCOUNTING POLICtES (CONTINUED) Governallce in¢lud¢s the costs of mainlaining Tecords preping the account4 the secretsipl function regarding Tru$fr¢s atsd other corntni￿ meetin￿. Employee btknefits Short lerm benefjts Shortterni benefits inc1￿[n￿h0lldaypaY are recogni￿daS an eXp￿&t in theperi(Ml in which service is r¢¢¢AV¢d. Employee terniination benefits Tenninatioll benefits are a¢¢ounted for on an a¢ern￿ basis and in line with FRS 102. Penslons The Trustees desi￿ an 8mounteacbycarwhichis allocatedto the Priests. Retircmart Fund. The Clergy W¢lfar¢ Committet which managos this fund ¢onsi&xs thc necds of priests ' retiTement and makes appropriate g￿llts. ID additio￿ the Parishes make ¢ontnTrKttioL8 for priests to a Group Personal Pellsi￿ Scheme. c0ntnbthi0￿5 are also paid for all ¢ligibl¢ ¢mployces by the Curia to a Defined contr&￿¢￿ Scheme. The aS￿tsOfthe Scbuwar¢heldsepMTatelyfromthoseof th¢Charity iThin&p administrnJfun& ThePension ScherrLethwrC]r￿thts (X)ntnl￿ti0￿8payab1ebyth¢ ￿￿rtyin accord8nce with the Tules of the SKh¢mes. S¢hooLs The Charity owns the land on which its v0luntsy-ald￿ sch(K)k are built. The nature of th¢ o¢¢uption ofthe18ndby theseexanpt ar¥J excwtedchariti¢s thatthe DiLK%￿T￿kn &1 nothavethepowuto dIs￿$¢0fthelanduntilthe sel￿1¢¢&$¢$1ts0C￿Jpatl￿ whKhinturnw(Athl r¢quir¢ th¢ approval of the Secret&yof State. CotWuu￿y. forth¢ pUT￿￿e8 of these f￿￿JaI stam¢nts the laDJis not(¥italI￿ Thec<x8tof aDyloth1 ¥quireAI f(￿ther￿￿0￿50f a vokn aided ￿h0o1 is charged to the statement of fjrkancial activities in the year of acquisition. whereithasbeenag￿awlthth¢SClKlo1GOvern￿sand the Dw•bn￿tfoTEdu(ati0nthata￿hooI propety aThl the iandonwhich it is sited is surp1￿9 to requirements. the Sh￿ of the duc to the Departsn￿t for FAu￿tiOn and any othff int￿t￿l partiag is netted off the total ¥mount receivable. TherefoTA amount due to theChaTity is C￿di￿1￿ the Ststayjent of Fin8JThl Activities. Thc school buildings are oca]piot inyovol &ttaKkdardrepairalbythe sthool goV￿￿)r& The nature of theottuixtion of th&%¢buildings.byth&seeX￿lardex¢tyd th￿lties. M￿￿that Ihe Dio¢esall Trustets do not havecontrol ovtrthe buildingsuntilthe schwl ¢¢as¢s its o¢¢upa which in tum w(M]Id requir¢th¢ aWToval of the Se(¥thyof State. Co￿qU￿tIy. f￿the pU￿oSe Clifbn ThoceseknnudReport 2023 32

N01ES TO IHE F￿ANCIAL STATE￿EN]5 ACCOiJNTING POLICIES (CONTINUED) of these financial statO￿ts anycostofnuv buildi)g is TrTitteD off to the S￿teM￿tOf Finallciai Activities in the year in which it is incurred. Any srants donat￿0￿ bdulf ofthe khrK)l GovenKKs arenetkd off again# total costs&s Ihe sums r¢c¢iv¢d through the Volunlary ContriEwtiow Scheme IVCS)" only the ￿sIdUal cost . included in the Siatement of Financial Activities. The Dioc&%eof Cliftcn ]￿luts 27 (2022: 35) maintsir¢d ￿1Km)IS. 12 single ￿de￿I&8 (2022.. 141 3 mUlti-acthmytr￿ts (2022: 2). 2 sp￿1&1 sdM)ols(2022.. 2).2 1ndy￿￿ttt $thools (2022: 5) ond I Sixth Fomi College (2022.1). Details 0ftheDioces￿ SclK)olsare listdin the Clifton DI￿tory. Taxation The TrusteeSc0￿$m2ff that the Charityis largetyeXemptf￿M1ncornetax undff theprovxs¥)nsof the Jnconle and Cotpordtion Tax¢s Act 1988 and the Taxation of Taxabl¢ Gains Act 1992. Tallglble Tr1xed Asiets Only tangible fued assets with a cost in exttss of £S.000 are capitslised. (i) Freehold L4nd Functional land. (i.e. land used for the primary purpose of tbe Charity). is included in th¢ fu)wKial statementsat ori&nal costorwh¢re this is not available at an estim&te of itshisk)w Cost or in the case of donated land. at its fair value at the date of receipt. (li) Freehold Buildtn8S Functional buildings {i.e. buildings used for the primary purpos¢ of the Charity) are includ￿ in the fiJ)ancial slateM￿ts at original cost. OT wbere this is not available at estitnate of theirhistoriccosl orin the C&8eofdonat￿IbUll1bngs atanestimateof their fatr vakne at the dats of r¢¢¢tpL All new functional building4 llnprOVema￿ and m8i)r renovatKJns a￿ capitalised at th¢ Cost of construction. The c05t of assets held on 31 D¢¢¢miKr 1996 was estimated based on indexing reinstatemcnt insurance values to th¢ year of acquisition. Rents are [￿e1Ved1n r￿[￿t of Certain properties wbich are held in furtherance of the Charity'sobj&tives and mosttyusalby the Diocc. Only Su￿1￿$ Spa￿ is r¢nknt Th Properties have therefore. all been shown as Charitable functional properti¢s. (iii) Fixthres, Fittings and Equipment The Costs of Chutch&% andthe Catlthl a]1 f￿u[e8 a￿lfittIngS and organs which forni part of the fabric of the building. All other fittings and equIpn￿l included in the f]nancial statements at ¢osL The Vdkne ofbujklin￿, C￿￿lty ￿t c4)itslil ts £33 rnillx)D (2022: £26 million). Clifvn D¥oceseAnnMol Report 2023 33

NOTES TD IHE FINANCIAL STATEMENTS ACCOUNTING POLICIES {CONTMTED) (iv) Works of Art and Historic Tre&sures Indtvidual works of ar¢ historic treasures and plate are not Capitalissl as htstoric cost information is not availabl& Be¢aw8¢ of the many locations ovtr which thc5e assets dispers&l and their specialist nali]r4 obtaining reliable inf(nnation to estimate their olst would lN)thtIme￿nqM￿i￿allde￿￿sIVe. I￿11￿¢th2tthe ¢(%4 of G￿ll)g out such an exercise would outwe4gh the benefit of this inforn)ation to th¢ u￿r of accounLs. (v) Motor Vehicles Motor vehicles have been capitalised and includ¢d in the fmanci&l statements at their historical ¢￿￿or in the c&8eofdiKAat&lass&s. at an estimate of the V8Alu¢ at the date of a¢quisition. Depreciation Depreciationof tangible fix￿1 ass¢Ls (ex¢Judmgland) is calculal&l to writeofftheircost lessany residual value in equal annual instalments over their estimated useful live8 as follows: C}Jutth￿ built prnTrrkn 1911 aThl the Caththal c]wIth￿ built tyl 1941 aTxI aftr All Other Fthkj Buibjings Mapr Refillbithrn￿ts ￿ R4Mirs Moknr veh￿leS Fixtytes. Fittings atkl EqUipm￿t Frethokl A￿lti￿lS l/• 133% (1￿ yea￿} {75 years) {50 years) {25 years) 4Y• 2(P/• I￿/0-33¥3% (3 to 10 y¢ars} (25 years) Listed Investments Investnrnts ar¢ includ￿1 in the balanLY sbeet at their matket vakn at the balance sheet d Realised a￿1 un￿8115￿ gains aThIlos￿% invethents are ID theStatarKntof Financi Activiti¢S ID th¢ year in whicb they aris& Invethnt income is cralits]to in(x>meon an aLU]ab basis. Flnx¢Sal iDytrumeDts Basic fjnancial ]nthm￿ are initiallyr￿OgnISOlattr9t1￿ti0n value sUEwtlymea￿ at amortisul cosL ex(tpt for inveanrnts which are held at fair value. Fin￿181 assets hehl at amOrtis￿ c(N%t ￿￿18¢ ￿5b atbank atMI inh￿4 togthrwithtr aul Oth￿ debtor& A 4)ecif provisionisrnade f￿deE4sforwhlCh[ecovthlIItyjS indoubL Cathatbankandin hatbJi8ikfll as all cash in inkantacc¢&s bank aiYiRmts andusedasw(xkingcapitil. Finan¢RI liabilities heldat amortisul cost comtffi* ail crcJJit(M5 excw social seawity aJMI oth¢rtsxesandprovision%. A&%¢ts and liabilities held in forei￿ currency are trdnslated to GBP at the balance shert dale at an appropriate year end exchange ra￿. Clifvn ThoceseAnn#alReport 2023 34

NOTES Ir) THE FtNANCIAL STATEMENTS ACCOUNTING POLICIES (CONTINUED) Investmellt Properties Freehold inV¢#M￿pTOPertl&$ ownedby the Dio¢¢sear¢ includ&lin the balanccshect attheT estimated market valu¢ ai the balan(z sheet date. The valuation of investtnart properties is perforniedbythe DioCesanin-bou￿profeSry10nal qualifiedvahxratxlvaluatiotLsar¢in a¢wAth with the RICS valuatiw- Global Stsnd&ds2017.. UK national SUFvlement. The 2021 valuation was p¢rfom)ed by an externat profo4simally qualifioj val￿. As these assets are record￿1 at mth¢t value, no charge for depreciation 18 made in the accouTtts. Realjsedandunreall￿dg2ltis andlosscson Inve8tn￿tpnYfft1￿aTcind￿1￿1Within1heSl￿ of Financial Activities in the year irt which they arise. Fund AceountlDg Funds held by the Charity are either. Unr¢stricted general futMls- t1￿ are fill¥LsWhi¢h¢anb¢Us￿ in a(￿￿ancewllththe clwilab]e objects at the discretion of the Trusttts. DesI￿a￿l fillyJs- th&8eatefunth set asi& bydr Tntsttts outofuDf¢stri¢Aed g￿al furth for specific future pu￿05eS or pTh)jects. Restrictedfunds- th&8eaTe ￿ndS thatcanonlYbeuscdf(Kpartiallarrestricknlpu￿(￿SW1Ihttl the objectsofthecharity. Restiicti(nsaTiseWbensp￿1fi&lbYthed0nLrorwlrn fimdsarernE￿l for particular restricted puryoses. Pernianent endowment funds - these funds represent those assets which must be h¢ld pennanently by the Charity. Income orising on the endownxnt funds must be used in accordance with the ternis of th¢ eodowmenL CAsb Cash includ&8c&%binbandanddepksitsrepaydbl¢ondemandlessoverdraftsrepayableondema] D¢positsar¢r¢payablcon dema￿] iftlwcan k withdrawjatany time without noticeandwtih(x penalty orif a matiwltyorpffi￿J0f nOti￿Of￿01￿￿ethaD24 orott workiDgdayh&sbe agreed. Liquid resou￿¢3 repr￿artbAnk&ndbUIl￿gS0cletydepCkS1ts whttethe ptti(dof notiLE cxcccds 24 hours or ODe working day. Clifvx Dlo¢esEAnnrwl Report 2023 35

(Q¥J ¥0 ¢n V w>￿•

NOTES TO THE FINANCIAL STATEMENTS DONATIONS AND LEGACILS 2023 Parochial £'ooo 2022 Parochial £'ooo Curial Totsl £'ooo Curial £'ooo Total £'ooo Offertory Donations t£ga¢ies Total 4.473 1.236 327 6,036 4,473 1,392 358 6,223 3,855 1,180 2.342 7.377 3,855 1,310 3.572 8.737 156 31 187 130 1,230 1,360 INCOME FROM GOVERNMENT GRANTS 2023 Parochial 2022 Parochial Curi81 £'ooo Tolal £'ooo Curial Total £'ooo School Condition Allocations (SCA) Graot Total INCOME FROM CIIARITABLE AcrivrrIES 2023 Curial Parocl £'ooo £'ooo 2022 Curial Paro¢hMI £'ooo Totsl £'ooo Total £'ooo Fundraisi￿ Grdnts R￿'d and Repository Sales EducationAI Services Training and Publications Rental Income Chaplaincy Scrvices Other Total 28 736 764 163 480 643 133 64 164 133 102 102 60 1.377 69 33 2.284 1.387 96 1.551 96 51 2,659 iio 1.267 69 51 440 33 468 2.219 1.816 Cliftsn DioceseAnnualReport 2023 37

NOTES TO THE FINANCIAL STA1EMENTS INVEsfMENTINCOME AND INTERFST RECEIVABLE 2023 CuTi41 Porochial Total £'ooo £'ooo £'ooo 2022 Curial ParoclJA] Total £'ooo £,( Income on UK listed inv¢sttt)¢nts IDcorne on UK investment properties Interest on UK cash held at bank Total 206 52 241 499 98 47 253 398 304 99 494 897 207 23 iio 340 66 37 82 185 273 60 192 525 EXPENDITURE ON CHARITABLE ACTlVtTIKS 2023 Curial PaTo¢hial 2022 Curial Parochial £'ooo £'ooo Totsl £'ooo Total £'ooo £'ooo FAtTH AND EDUCATION Worship CI¢Tgy Support Pastoral Chaplaincy Education Pilwiag¢s 75 674 273 82 2,730 37 7,678 7,753 674 277 8Z 2.730 37 78 673 250 48 752 6.775 6.853 673 257 48 752 Total SUPK)RT Bishop's Office Gov¢rnan¢¢ Finance 138 179 790 51 562 154 61 138 179 790 51 562 154 61 188 643 21 556 186 65 188 643 21 556 186 65 Estate Management Safeguarding Communications Total TOTAL EXPENDITURE 5.691 7.682 13J73 3.736 6.782 10.518 Cliflort DitpceseAnnualReport 2023 38

NOTES TO ThE FINANCIAL STAIEMENT3 EMPLOYEE cosrs 2023 Curial PBrochial £'ooo 1,242 52 2022 Curial Paro¢li £'ooo £'ooo 755 22 Total £'ooo 2,113 80 Total £'ooo 871 28 Sa]ari¢s Pension Life Insurance Employer's NIC Total 1.867 70 48 120 1.420 27 926 147 2J46 22 799 133 2.076 1.277 The average number of employees duTing the year was 149 (2022: 143). Three employees h&den￿)1￿M￿ts, exc1￿￿ngperL$l)nC(￿Imtt1￿M￿ within th¢bwd £6￿.￿)0- £70.000 {2022: One). One ¢mploy¢e had emolumats. exc1￿lIng pension Conthl￿tiL￿L$, within the baDJ £70,LKK>- £80,(KKI (2022: None). No employew had ¢molut￿t& exd￿At)8 peL81(￿ contilL￿tiOnS, within tbe band £80,IKKI - £90,(MXJ (2022= One)- One employeehad emOlun￿ts.exClu1thDgpenSIon Contrilxrtio￿ withintb¢ band £90,(KM)- £I¢XJ.(KKJ (2022= None). The total remuneration for key management employ¢es in 2023 was £5 Iok (2022: £461k). There wa5 one tellnination payment for en¥loyeu dwing2023. th¢re(kndaKypayments £0.4k. There were twotern1iD&ti￿payrndts tsemployees duting21Y22. thereth]ndatKypaym¢nts total £lk. Employee costs include £8k for holiday pay not taken during 2023 (2022: £1 Ik). Non¢ of th¢ Tn￿t¢c8rC¢cIvcdrenM￿¢rthl0ll f￿the1[woth as Tntstees in 2Q23 (2022: Nonej totalling £774 (2022.. £650) were reimburs¢d to Trnst¢¢s in respect of trdvcl costs incuTT¢d. DonationsfTomTrnsteesviaTegularyaynrDtstotalla1£5.455 2023{2022£825).togethtrwithw ash offerings on the ¢oll¢ction plate. The priests who are Truste￿ are boU￿d and TeMUn￿al¢d in their parishes and are re1mbu￿d th¢r expens&s forcanyingout th¢irpri&stiyduti¢5 in th¢ sam¢ way aspri¢sts who arenotTntsts. To a&si8t hirn in the perf(Kn)atL(Y of his dutio%.the Bish(T¥ is provid¢d with a howcaodhis eX￿seS, in out his office &s Bishop, are paid from Curlal funds. Clifopn tknceseknnuolReport2023 39

N01ES TO THE FINANCIAL STAIEMENTS 10. FIXED A&SET INVESTMENTS 2023 2022 Curial Paroc1￿1 rcstst Cwial Parochnl Total Total as reststcd £'ooo £'ooo £'ooo £'ooo £'ooo Listed Investments UK Investment Propcrties 10.153 4.332 14,485 9.697 4.065 13.762 1.820 1.900 3,720 1,795 1,535 3,330 Total 11973 6.232 18,205 11,492 5,600 17,092 Ltsted Inveytments- Cojjllnon Investment Fund 2023 2022 Cwial Parochial Total £'ooo CuTi81 Paroclwl £'ooo £'ooo Total £'ooo £'ooo £'ooo Market Value brou8ht forward Additions at Cost Fe¢s Sal¢ Proceeds from Disposa]s Realised Gainl(IAYSS) Unrealised Gain/(tA)ss) Market Vglue carried forward 9.321 3.916 13237 10,420 2,592 13.012 3.180 {53) 1.072 (J8) 4352 (71) 3.009 {54) 2,423 (19) 5,432 (73) (3,250) (1.010) 26 508 9.732 (4.260) (2.679) 33 {184) 723 13J14 (688) {63) 329 3,916 (3,367) (247) 215 4,182 9,321 13237 Cash HeldFor tnvestmart 421 150 571 376 149 525 Market Value 10.153 4.332 14,485 9.697 4,065 13,762 Book CC6tcani￿ fonvonl 9.012 3,813 12.825 8.990 3.734 12.724 Clifton ￿OCeSeA￿￿￿Q1RtpOrt 2023

N01ES TO 1HE FINANCIAL STAIEMENI8 10. FIXED A&SET INVEsfMENTS (coNfiNUED) UK InVestn￿nt Properti InvestmentPT￿rtIeSare lad￿kd at theirestinmtal op￿Mark￿Vaknatl0Tratthe bal8rKe sheet dat. The valuation w&% EKrf0Th￿dbY theDloC￿an 1D-1M)￿ prof￿SH)nallyqUallfi￿l vah]er- v8h￿lm￿ ate in a¢cordani%with the RICS valuation- Global Standar& 2017: UK national sUppl￿￿[lL Extemal valuations undertakn ¢v¢ry 5 ycsthe last Cxt£n￿l valu&ion was in 2021 undutakcD by Cattr Jonas qualified va]uw. Movements in the investment properties held during the y¢ar were as follows.. 2023 2022 Curial Parochial Curial Parochial restated £'oo Totsl Total as restated £'ooo £'ooo £'ooo £'ooo £'ooo Valuation blf as Testated Additions Revaluation to estimatedopth market value Val￿th) carrled forward 1.795 1.535 3J30 1.775 1.185 2,960 360 360 330 330 25 30 20 20 40 1.820 1.900 3.720 1.795 1.535 3.330 Re2JAied Gains l (Losse$) on ￿led Asset InvestnDts 2023 Parochial 2022 Curial Parochial £'ooo £'ooo Total £'ooo Total £'ooo £'ooo Listed tnvestments 26 33 {184) (63) (247) Totsl 26 33 {184) (63) (247) Unrealised G4ing1(Losse8) OD Trlxed Asset Inves¢ments 2023 Curial Parochni £'ooo £'ooo 2022 Total £'ooo Curial ParochMI £'ooo £'ooo Total £'ooo Listed Inv&4tments UK Invesiment Properti¢s 508 215 723 (1.191) (329) (1.520) 25 30 20 20 40 Total 533 220 753 (1.171) (309) {1.480) CITfvn DioceseAnnualRtporl 2023 42

NOTES TO THE FINANCIAL STATEMEN13 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 Curial Paroch £'ooo 2022 Curial P8rochMI Total £'ooo £'ooo £'ooo TotAI £'ooo £'ooo Prepayments and Other Debtors tncome Tax Recoverdble (Gift Aid) Legacie8 940 50 990 650 128 778 204 204 79 79 357 366 1.006 920 1.926 Total 949 611 1,560 .735 .048 2.783 PrepayMentsandotherdel*o￿1nchM￿£I &684(2(Y22: £1.8(Kl)it) respectoflconsto pri¢#sbkx]tc] cars. on which no interest is payable. and which are repayable within three yea￿. 12. cR￿)[ToRS. A￿)UL￿s FAL￿￿ DUE WTfHIN ONE YEAR 2023 Curial Parochial £'ooo 2022 Curial Parochial Total £'ooo £'ooo Total £'ooo Defe￿ed Income School Projects Funding Sundry Cn]ik)ts and Accruals 121 121 42 42 1.499 1.499 1.757 1.757 930 247 1.177 761 256 1,017 Total 2,550 247 2,797 2,560 256 2,816 IAJans falling due within one year are unsecured. 13. CREDrroRS: AMOUNTS FALUNG DUE AFfER MORE THAN ONE YEAR The followingliabiliti&diScl(tseAu￿Itr c￿dit(￿Sf￿1Iitigdu¢ aftermore than one year are unsecur¢d. 2022 Curial Paro¢hDI £'ooo £'ooo 2021 Curial Paro¢hDi Total £'ooo £'ooo £'ooo Tot41 £'ooo Grants R¢p&yabl¢ Sundry CTeditors and Accrnals 21 21 21 21 Total 22 22 22 22 Clifttjn DioceJeAnnualReport 2023 43

NOTES TO THE FtNANCIAL STAIEMENTS 14. EIWOWMENT FUNDS Th¢ ¢ndowed funds are pernianent endowments. The balances on tbe main funds as follows: Balance tncome FxpendlDj￿ Transfers Gain8 asofl January 2023 £'ooo Balance asof31 losses DecemF£r 2023 £'ooo £'ooo £'ooo £'ooo £'ooo CURIAL Bishop's Maintenance Fund Clergy Training Fund CliftonmissionBenefxt(￿SFUr￿d Heavens Fund Young Fund Poor Missions Fund Total Curlal 143 126 143 146 72 151 132 154 75 641 33 674 PAROCHIAL Pro Cath¢dTal Endowment Hussey Endowment Kft1￿t Endowmenl Hensler Fund Scoles Endowment Patterson Endowment Stapleton Br¢thr¢n Endowment Fairford Mission Endowment Algar Endowment a]m¢sbwy MissionEndowment Ne]son Endowment The Lady Herbert of Lea Fund Carey Trust Endowment Board Endowment Barn¢s Trust Endowment Lucy Sh&tp Fund Total Parochial £'ooo £'ooo £'ooo £'ooo £'ooo £'ooo 18 19 12 14 16 15 17 io 16 16 35 16 15 15 33 15 21 19 212 22 20 224 12 Dlocese Total 853 45 898 Clil&pn ThoceseAnnut71 Report 2023 44

NOTES TO THE FINANCIAL STATEMENTS 14. ENDOWMENT FUNDS (CONTINUED) Comparativ¢ figuT¢S for 2022: BalatKz [n(l￿￿ Expcnditiue Transfus Gains Balance asof I asof31 January 2022 £'ooo £'ooo 2022 £'ooo £'ooo £'ooo £'ooo Cu￿AL Bishop's Maintenance Fund Clergy Trnining Fund Clifton Mission B&thctors Fund HeaveDs Fund Young Fund Poor Missions Fwid Total Curial 162 140 162 165 82 12 723 (19) (14) {19) {19) {io) {1) {82) 143 126 143 146 72 641 PAROCHIAL £'ooo £'ooo £'ooo £'ooo £'ooo £'ooo Pro Cathedral Endowment Hussey Endowment Klli￿t F￿d0w￿ent Hensler Fund oles Endowment Patter50n Endowment Stapleton Brethren Endowment Fairford Mission Endowmettt Algar Endowment MalmesburyMissionEndowment Nelson Endowmcllt The Lady Herbert of Le& Fund Carey Trust Endowment Board Endowment Barncs Trust Endowment Lucy Sharp Fund Total Pgroehlal (i) (i) (i) (2) {2) 20 13 18 16 18 io 17 17 37 17 {2) {2) (i) {2) (2) (4) (2) (i) (3) (3) (29) 14 16 15 15 33 15 24 22 241 21 19 212 Dloce5e Total 964 (iii) 853 Cliftsll ￿oceSeA￿N￿￿lReP0rt 2023 45

NOTES TO THE FtNANCIAL STATEMENTS 14. ENDOWMENT FUNDS (coiYfINUED) Curlol Endowments Most of the endowments are for $p¢cifi¢ purposes as follows: TheBishop's main￿￿￿eFU￿1 is forthe suiwtaJMI maintenance of the Bishop of Clifton and the Bishop's Offjce at SL Ambrose (which also Serves as his residenc¢) The Cler&v Training Fund is for the training of clergy and vocational support The Clifton Mission Benefactors Fund is to say masses for certain individuals The Heavens Fund is the for the maintettance and education of Catholic otphan wls Th¢ Yout)8 Fund is to assist widows and distressed ladies Th¢ Poor Missions Fwid is for the a55islance of poor parishes of the Diocese Parochial Endowments Most of the endowments are for specific parishes as follows: Pro Cathedral- for the benefit of Clifton Cathedral. Bristol Hussey- for the benefit of the parish of SL Johtt's. Bath Kni8ht- for the benefit of the parish of Sacred HeaiL Westhury-on-Trym Hensler Fund - for the benefit of the Clifton Cathedral parish. Bristol Scoles- for the benefrt of the parishes of Chard. CTewkerne and Y¢ovil Patterson- for the benefit of the parish of Chipping Camden Stapleton Brethren - for th¢ benefit of the parish of Cbippenham Fairford Mission - for the benefit of the patish of Fairford Algar- for the benefit of the parish of Frome Malmesbury Mission- for the benefit of the parish of Malm¢sbury Nelson - for the benefit of the parish of Downton. Salisbury Lady Hubert of L£a Fund - for the benefit of SL Osmund'8 parish, Salisbury Carey TnJst- ft￿theb￿efit0f thep8rislKs ofHoty Swinthm and SL Ga)tEe'4 Taunton Board- for the bettefit of the parish of SL George's. Taunton Barnes Trust- for the benefit of the Sacred H¢art parish. Tisbury Lucy Sharp Fund- for the benefrt of the parithsof SL John's SL Mary's ID Bath, and Joseph's in Brid8wat¢r Clifton Dioct&eAnnualReport 2023 46

NO]ES TO IHE FINANCIAL STAIEMENTS 15. RESTIUCtED FUNDS Bala￿£ Income Exp¢nditillE Transfers Gain￿ & Balance 88ofl (￿SSeS) asof31 January DeC¢m￿r 2023 2023 £'ooo £'ooo £'ooo £'ooo £'ooo £'ooo Cu￿AL BAshop's Charltsble Fund Bishop's Support Fund E¥iests' R¢tir¢ment Fund Clergy Welfare Fund Clergy Training Fund Youth Development Fund Youth Bursary Fund Christ's College Ethation Fund St Joseph's Education Fund Curial R¢strActed t£gacies Curial TTUSt Funds Fundraising Appeals Other Curial Funds Restricted Fixed Assets Fund Total CuTi81 80 216 2.398 329 16 12 14 1,320 4.790 87 754 20 145 220 10,401 80 219 2.202 299 26 12 14 1.132 2.539 79 787 20 157 213 7,779 84 {307) (54) 27 17 io 188 2219 (32) 18 15 13 135 2.423 (393) 59 PAROCHIAL Par50ns Fund - Jesuit Cathedral FuJ)d Other Parochial Funds Total Parocldal 187 192 123 99 414 333 637 {234) (234) Diocese Total 11.038 140 2.423 (627) 65 8,193 Cltftsn Diocese AnnualREport2023 47

NOTES TO THE FINANCIAL STAIEMENTS 15. RESTRICTED FUNDS (CONTINUED) Comparative figures for 2022: Balance InLYJllf Expcnditure. Balance as asofl of31 January December 2022 2022 and transf¢Ts restat¢d £'ooo £'ooo £'ooo CURIAL Bishop's Charitable Fund Bishop's Support Fund 14iests' R¢tirement Fulld Cler&v WelfaTe Fulld Clergy Training Fund Youth D¢v¢lopment Fund Youth BuTsary Fund Christ's College Ed￿all￿ Fund St Joseph's FAlucation Fund Curial Restricted Legacies Curial Trust FuThds Fundraising Appeals Other Curial Funds Restricted Fixed Assets Fund Totxl Curial 80 212 1.414 1.138 408 17 12 14 1,392 5,178 140 773 20 18 227 9905 1397 80 216 2.398 329 16 12 14 1.320 4,790 87 754 20 145 220 10.401 (154) (86) (7) (72) (388) (53) (34) 15 127 (7) (801) PAROCHIAL PaTsons Fund _ Jesuit Cathedrdl Fund Other Parochial Funds Total Parochial 185 132 354 671 187 117 333 637 (15) (24) {39) Dlocese Total 10,576 IJ02 (840) 11,038 R¢stricted funds can only be used for a particular PUTPOSe. The restrictions on the funds are as follows: Bishop's Chatitable TTUSt T5 for cbaTitabl¢ donatioDS at the dis¢retion of the Bishop Bishop's Sllpi￿ Fut)d is fortk Main￿alKe0f theBisknp'sOffi¢% (which also seThes as his resid￿¢¢} Priests. Retirell￿ Fund-this SUNMxts rdirnlpri¢sts a￿1 pn)vith aLXxymt￿Xlatll0nwh￿e nec¢55ary cler￿ Welf¥eFund is for the￿ller ofitifin￿ sick andagedRomanCatholi¢ se¢ubrpn￿50f the Diocese Clergy Training Fund is for training PU￿05¢S. Cliffr)n DIot￿￿A￿￿￿￿lRtPort2o2j 48

NOIES TO IHE FINANCIAL STATEMENTS 15. RE￿RllcT£D FUNDS (CONTINUED) Youth Development Fund is to b¢ us¢d for the young people of the Diocese Youth Bursary Fund is for young p¢opl¢ of the Dxocese Christ's Colleg¢ Ed￿￿10n Futsj 15 the p￿(ee¢l8 f￿Mthe sak ofthecollegewhitharerestrKt2d for educational PUTpose5 Cwial Restricted IKgd¢i¢S comprise several legacics dottated for specific purposes Curial Trnst FuAl$con¥ri a small Du[th￿ of S￿￿fiCTn￿ relating to individualpaTith&%or parishioner groups Fundnising Appeals f¢PTcs¢nt funds donatcd to support fundraising activities RestrictedFixed AStsFundr¢ptrA￿ts donatcdto assistin thc purch&8e ofthe DioLYSaD administstiveoffic¢s in BrA#d (AlcxaTrJtrH(wc) as wdl as p￿P￿ti& rcstri(*ed for theuqeof retired priests Other Curial FuThb cotry>iise $￿tal¢OlIC¢tI0llS le￿leS and donations foT specific projects Tisbury Parsons Fundis to b¢ used f(ff the bencfitofthc peopl4 buildingsand activiti&8 the parish of Tisbury and Wardour. This fund is now closed. Tisbury Jesuit FuThl is to k uwj fwthe benefitof the Fq)14 buil(liw aJyJa(aivitiesin Ttsbuy and other similar TUTal parishes of the Diocese Cathedral Fund is for use specifically related to Clifton Cathedrdl OtherPArochia] Funds CoTwistsp￿Ial c0llectx)￿% legacies and doDati(ms f￿￿ Specificproj￿ts within the parAshe8 16. DESIGNATED FUNDS Desi8ttat¢d FundsareunKstrAcknl fundsthathave E¢thdBsigt￿tedbYthe for a 5tKcifK puw. The fund d¢sigt]8tions ar¢ reviewed annualty. Balatxy In￿tlle Expendmute TransfaB Gains Balance as a8ofl of31 Januaty December 2023 2023 £'ooo £'ooo £'ooo 18.193 17,687 60 62 1,301 1,370 £'ooo £'ooo 150 Fixed Ass¢ls Fund Clergy W¢lfare Fund Priests. R¢tir¢ment Fund St. Thomgs Mor¢ S¢¢ondary School Chtist's College Sponsorship Fund Adult Education Fund School Projects Reserye School DFC Funding Brislol Catholic Players St. Bonaventure's Fund Property Maintenance Fund Sisters of the Temple Total Desi%DAted Funds 656 20 49 1,119 (142) 977 750 (750) 45 299 (45) 28 327 296 643 25 22.736 io (23) 306 586 25 21J45 34 22 690 {772) 49 Clifton Diotue AnMuoiReport 2023 49

NOIES TO THE FINANCIAL STATEMENTS 16. DESIGNATED FUNDS (coiYfiNUED) Comparative fwires for 2022: Balance taconr Expenditure. Balance asofl gainsl(IIEw) as of 31 January 2022 £'ooo £'ooo 2022 £'ooo Fixed Assets Fund CleT&V We]fare Fund iests. Rettrement Fund SL Thomas Mor¢seC(￿ S<hcM)I Christ's College Sp)nAi￿￿p Fund Adult Education Fund S¢hool Projects Reserye School DFC Funding Bristol Catholic Playe SL Bonavenknre's Fund Property Maintenance Fund Sisters of the Temple Totsl DesIg￿ted Funds 17.022 60 1,627 1291 750 1,171 18.193 60 1.301 1.119 750 21 (347) (172) 45 299 45 299 296 727 25 22,147 296 643 25 22,736 (84) 21 568 The funds have been designated for the following p￿￿oSe5. Fixed AssetFur¥JTew&wAtsthenrtbLK)k val￿oft8￿￿lef￿￿aSsd$lesSthe net book value of t￿sIble r￿ed assets included in restricted funds Cl¢rgy WelfareFuThl suP￿themediL2Iandwelfa[ecOSts for sickpri&%tsaDJ those r￿uiring nutsing car¢ Priests. R¢tirwn¢nt Fund is a fund to support priests Currently in Tetirement St Thomas More Se(x)darySchool fund represents the proceeds of sal¢ of the ￿h0o1 site which are desi￿ated for the purpos¢s of futyr¢ s¢hool$' building pmjects Christ's Collcgc spon￿rShip Fund represents funds held to sponsor a shared faith school Adult Education Fund represents grants receÉved for fornation and spiritual dircction School Projects Reserve represents funds set aside to support school capital projc¢ts School DFC FundiDgrepr&%ellts heldonbebalf of volunlory-aided 8choo]s for capital works Bristol Catholic Players represents funds held on b¢balf of a Connect￿ ¢harity St. Bonaventure's Fund is for a liability on a property that will onty be realised once the property is Sold The Property Maintenance Fund is for planned maintenaDce on Diocese building8 Sisters of the Temple Fund 15 for tnaintrnance on Diocese buildin￿. Clifton DioceseAnn¥alReport 2023 50

NOIES TO THE FtNANCIAL STATEMEN15 17. GELYEIL4L ULYREsfRicfED FUNDS (EXCLUDING DESIGNATED FUNDS) Balance as at l January 2023 £'ooo Movement Balance as at during 2023 31 De¢¢mkr 2023 £'ooo £'ooo Genetal Curial Funds Genetal Parochial Funds 3.050 16.094 945 1.917 3.995 18.011 Total Unreslrletsd Funds 19,144 2,862 22,006 18. TRANSFERS BETWEEN CURIAL AND PAROCHIAL FUNDS Parochial £'ooo Total 2023 £'ooo Parish Share Other transfer8 1.817 (171) (1,817) Total 1.646 1,646) The Parish Share is a ContribJ￿nfrOrn thepati5hc8 tow￿& thecoth of TUDDingthe central adivitie6 of the Dioc￿¢ to SUFgOrtthe coll￿1Ve ￿￿OrnI le￿1 fimdi(rt8. Itis aS8essedb&sedon partsh I￿ne. 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS F￿dOWn￿ts R¢strithl Desi￿￿￿ un￿striCted Totsl Funds £'ooo £'ooo £'ooo £'ooo £?000 Tangibl¢ Fixed Assets Fixed Asset Inv¢stsn¢nts Net Current Assets Long TernL Liabilities 213 1,923 6,057 17.687 931 2,749 (22} 17,900 A8,205 16J59 {22) 881 17 14,470 7,536 Total 898 8.193 21,345 22,006 52,442 Clifvn Dio¢*seAnntsalR¢port 2023 51

NOTES TO THE FINANCIAL STAIEMEN13 19. ANALYSIS OF NET A￿Ts BETWEEN FUNDS (CONTINUED) Comparative figures for 2022: F￿dOwn￿ts Restri(] Designq Unr¢stri¢ted Totkl Funds r¢stat¢d £'ooo £'ooo £'ooo £'ooo Tan￿7¥1¢ Fix¢d Assets Fixed Asset Investments Net cu￿ellt Assets Long Terni Liabilities 220 1.858 8.960 18.193 882 3,683 (22) 18,413 17,092 18,288 (22) 836 17 13.516 5,628 Total 853 11.038 22.736 19,144 53.771 20. NOTES TO THE CASH FLOW SfATEMEiYr (a) Reconcllladon of net incomel(expendlture) to net ¢ash flow from operathig xcdviti 2023 £'ooo 2022 £'ooo Net in¢om¢l(expenditure) for the reporting period Adiusth]¢nts for. Depre¢iatioD charges IA)ssesl(Gains) on investments Dividends. interest and r¢Dts from inve51ments (Profit) on the sale of f￿¢d assets (tncTeaseydecreas¢ in debtors Increa5el{decrease) in ¢reditOTS (1.329) 30 675 (753) (897) (1220) 1,223 (19) 669 1,480 (525) {2,075) 628 Net cash fronv (used In) operating activities (2.320) 207 Reconellladon of net c8sb flow to movement in Aet funds 2023 £'ooo 2022 (D¢creaseyiticrea5e in cash in the year Cash inflow from repaymcnt of loan New loans received (Decrease}fmcrease in Det funds in the year Net funds brought forward Net funds carried forward {725) (2,324) {725) 18,321 17,596 (2.324) 20,645 18,321 Cliftsn ThoteseAnAuolRÈporf 2023 52

NOTES ID 1HE FINANCIAL STAIEMENTS 20. NOTES TO THE CASH FLOW ￿ATEME￿r (coiwriNUED) (b) Attilyiii of ill net funds As of l January Cash Flow As of 31 tkcember 2023. in Year 2023, £'ooo £'ooo £'ooo Short-Terni Deposits Cash at bank and in hand 13.947 4.374 (242) (483} 13,705 3,891 Net cash atbank aNI sknrt-tttmdwosis 18.321 (725) 17,596 L4)ansdu¢ forr¢paynrntwithin 0￿Y Net funds c4rrled forward 18J21 (725) 17,596 Cash at bank and in hand is held ID a group bank account together with short-trnn deposits. Short-terni deposits on more than one day's notice are treated as liquid resources. The cbarity had no debt in both the cu￿nt year OT PIIOT y¢ar. 21. CAPITAL COMMITMEKrs 2023 £'ooo 2022 £'ooo Capital Commitments 36 321 The charityhadone capitsl conllniti￿ on 3 1st D¢￿t￿l￿2023. Clifton ChaplaincyrcfurbishnThL Jn 2022 ￿eCh￿ltyh￿Iwocapltal¢omMItn￿￿ cl1ftonchapl8i￿yrcfi￿b1￿llll￿t alldStBernadette's￿y roof. 22. RELATED PARTY TRANSACTIONS The charity had no related party transactions in either the cu￿ent or prior year. Cltffon Diocese AnnuolReport 2023 53

NOTES TO THE FINANCIAL STATEMENTS 23. PIUOR YEAR ADJusfMENr DuTingthe prepardtionof the 2023 statell*nts, itcame to lightthat a propertydonatsj kn Ihe Diocese in 2019 had llotbeenrec0￿1￿d4$ an ￿s￿ atthat time. The value of th¢prop¢ty at th¢ lio was £675,000. The adjustments necessary to cover this are as follows: Asat l Jan 2022 £'ooo Asat l Jan2021 £'ooo Curial Restricted Futd8 as weviouslystsbl Increase in re8¢rv&adjustsnent 9.230 675 4.754 675 Curlal Re8tri¢t¢d Funds as reststsd 9.905 5,429 A5at 31 Dec 2022 £'ooG Jnveslments as previously stated ]ncre&8e in valueladjustrient 16.417 675 Investments as restated 17.092 Clifton Dioce5eAnnualReport 2023 54