haritable Incorporated Organl$ation No: 1177272
Report of the Trustees and
Flnanclal Statements for the Year Ended 31 March 2021
for
Archdiocese of Cardiff

Archdiocese of Cardiff
onlenls of the Financial Statements
for the Year Ended 31 March 2021
Page
Reference and Administratlve Details
Report of the Trustees
statement of Truste85' Responslbllltles
Report of the Independent Auditors
10 to 11
Statement of Financial Activities
12
Statement of Flnanclal A¢tlvltles
13
Statement of Flnan¢lal Position
13
Staternent of Cash Flows
14
Notes to the Statement of Cash Flow$
15
Notes to the Financial Statements
16 tD 26

Archdlocese of Cardiff
Reference and Administrative Details
for the Year Ended 31 March 2021
Trustees
M J Prior BA Solicitor BA Solicitor
Archbishop George Slack
Very Reverend J B03rdman
Mr J A Trloniazzi FCA
Canon P Collins
Anne Curran
Rev Dr Philip Mawh8n
Dr Nofa Killeen
S8t)lor Managemont
Directorof SGhoo15 and Colleges
Mr5 A Roberslone BA
DireclorofReligious Education Isthoolsl Rev B Sixlus
ProjeG15 Manager
Mr C R. Jones BA Arch
Tre3surer
Mr D Evan$ FCCA DChA MinslLM
Development Manager
Dr O Colllns
Safeguarding Coordinator
Mr C Mullane
Registered office
41143 Cathedral Road
CARDIFF
South Wales
CF11 9HD
Regl$tered charlty numtr*r
1177272 (Engla￿ and Wales)
5olleltors
Sellords Solicitors
Jenner House
ta Jenner Road
Guildlord
Surrey GU1 3PH
Invostment adv5s&rts
Brewn Dolphin
9 Colmore Row
Birmingham B3 2BJ
Bankers
Barcl4ys Bank PLC
1-5 St D£vid'sW8y
Sl David's Cenlre
Cardift
CF10 2DP
Ad¥l8or8
Haines Walls W81es LLP
Chartered A¢ttounlanls
7 Neptune Court
Vanguard Way
Cardiff
CF24 SPJ

Archdi(&cese of Cardrff
Report ol the Tru$tee$
for the Year Ended 31 March 2021
The trustees present their report with the financial 51alernenls of the charity for the year ended 31 March 2021. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Re¢ommended Pr8¢1i
applicable lo charities preparing their a¢counls in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191.
Objective8 and activltie$
The principal objects of the chanty are the preservation and adVan￿ment ol the Roman Catholic faith, and the provision
ol primary and secondary education
The church seek5 to achieve the fir51 of these by the following means..
To proclaim the gospel
To worship Go
To form and develop parish comrnunitie5
TD offer service lo the wider community and seeks to provide primary and seconclary eclucation by".
the provision of ¢atholic schools in Co-operation wth local aulhorilie5
rnanaging these $¢hools through the appointment of a majority of foundation governors on the 9overning bodies.
ensuring a sound Roman Catholic elho$ is maintained in these schools
The trustees, 5UPPOrted by the boards and consullalive bodies, ¢ontinually review the aims. objectives 8nd activitie5 to
ensure they support the principle objectives of the ch8rily The success of each key aclivily is monitored to ensure they
remain focused on these principle objectives The trustees have referred to the guidance contained in the Charity
Cowmis510n's general guidance on public benefit when reviewing the aims and obieclives and in planning future activities.
thus ensuring that the Charity continues In its stated purpose
Page 2

Archdiocese of Cardiff
Report of the Trustees
for the Year Ended 31 March 2021
Achievements and Perfomiance
Speaking at a banquet in London's Mansion House rnarking the 40th anniversary of her accession to the throne, Queen
Elizabelh 11 said 't992 is not a year on which I shall look back with und11￿ted pleasure" In the words of one of tny more
sympalhelic correspondents, It has turned out to be an'Annus Horribilis. a terrible year. We might well echo those words
when reflecting on the year 2020, a year in which the r￿ular pattern of life in society al large and in the Church a150 has
en disrupted in ways not eKperientsd since the Second World War.
The Trusteès of the Archdiocese of Cardiff have taken seriously the many challenges 2nd opportunities p￿sented by the
Coronavirus pandemic The regular patterns of gathering and worship, social contact and outreach lo others have been
disrupted in common with every other inslilution in the Country. Despite the early lockdown of chur¢hes. a number of
parishes in the diocese have invested in "Live Streaming equipment 50 that the celebration of mass and other services
rnight be br08dcast daily. albeit to empty churches.
The eventua￿ opening of churches foi private prayer dem8nded an immense amount of work, not merely In the expenditure
relaliro lo PPE equipment but in the reuuitmenl of significant numbers of volunteers lo ensure Social distancing, guidance,
eaning, contract trac1￿ and providing genera1 assuran￿.
This work expanded when churches were permitted to open for public worship, albeit In limited way5. 01 particular
significance was the ability lo Celebrate baptisms, weddings and funerals. though ne￿$SarIlY, limited numbers were
allowed to attend The in¢rease in the number of funerals in chuich has been a significant factor during this latter phase.
The f8cI that they We￿ allowed to be held in churches has offered a measure of comfort to bereaved families which was
not 8vai18ble in the previous lockdown The additional strain on members of the cleryy should be recognised at this time.
In every crisis there are also opportunities fDr Servi￿ and the parishe5 which comprise the diocese have been second lo
none In the services offered to their local communities and beyond. Teams of ready volunteers have been at the forefront
of'reaching out, to those in any need whatsoever. Loneliness and isolation presented Ihem5e1ve5 as major problems for
the elderly, sick and housebound. Rolas of v151tors ensured th8t contact was made with calls, rnessages. shopping and
food A major initiative entitled "Staying Together While Aparf, was funded by the Voluntary ServiTrs Etnergency Fund,
administered by WCVA ancl funded by the We15h Government. A generous grant of £138,260 enabled th15 major
programme lo be organised and sustained
Child food poverty was re￿nISed early on as a major issue, not least with the c105ure of schools 8nd the absence of free
school meals Working with the management of our network of Catholic schools. we were able lo identify families in need
and undertake a major programme by starling lo distribute over £110,000 of digital FO￿ Vouchers This work was funded
by grants from the Albert Gubay Charitable Foundation, Barclays Bank and the National Lottery Community Fund. as well
as major donations from parishioner5.
Not only schools were affected by lockdown. Places of Worship were also locked down for two signilicant peiiods of the
year. Gradually they were re-opened for private player and then public worship. with reslri¢ted number5 depending On the
capa¢ily of the ¢hur¢h builcling. the track ané trats systems, the deep cleansing and the volunteers lo implement these
demanding yel necessary conditions for maintaining health yet respecting the freedom of individuals Of netessily, such
measures meant 8 great deal of 8ddilional expenditure t¢ conforw to the r￿ulatiONS The diocese and parishes were
supported by £202,668 provided by Welsh Government via the 'Third Sector Res11ientr Fund for W81es' and the'cultural
Recovery Fund, Sirnilarly. an awsrd of £226.900 m8de under the 'Heiitage Emergency Fund, from the National Lollery
Heritage Fund helped to 5UStain our 8clivilies, tryether with the furlough scheme which meant none of our employees
faced redundancy.
After the initial shock of the 1311 ol regular Incorne, parishes have engaged with electronic giving. standing orders, Inviting
donations on their web51tes. Gradually income 15 inCfe8sing once again Similady, diotssan Investment5 Incorne, hit hard
by the economi¢ effects of the pandemic, are again slowly recovering value
The meaning of the Church is that it Is a fellowship, a cotnmunion of believers who exist to worship God and express that
worship in love 8nd service of neighbour. Although cut off frotn regular worship, the major initiatives surrounding Live
Streaming of worship and devotion, the recording of video and you tube reflections. the recording of'M8ss by telèphone,
each day a5 well a5 Zoorn Coffee Mornings have all had an impa¢l in keeping people in touch and infoimed Lessons in
Communications technology have been learned very we11 by parishes with equipment often funded by the di0￿Se Itself
and a150 by external grants. The Diocesan website has improved greatly as a source of information and communic8tion,
and the dioTrsan new5P3per has now gone digital. not least as a result of the prohibition of loose papers and magazines
been left around ¢hurches
In this most atypical of years. the Trustees have conducted their regular meetings by Zoom and have maintained the
Spiritual. educational, legal and financial life of the éio¢e5e with great dedication 8nd expertise They look fonvard to
describing the coming year as'Annus mirabilis. a wonderful year.
Page 3

Archdiocese of Cardiff
Report of the Trustees
for the Year Ended 31 March 2021
Marriage and Family Life Cornmi8sion
The Dioc*se's commitment to the nurturing and developrnent of family life as the key component of it5 pastoral work, 15
demon3lraled by the employment of a part time Family Life Worker. The purpose ol the role Is to nurture a culture of
vocation lo marnage 13rnily life throughout the Archdiocese of Cardiff". ¢aring for, supporting and promoting all areas
of f8mily life. lo hold up f3mily life as the primary agent of evangelisation In society and to affirm parents as the primary
educators in faith." lo support parents in their sacred vocation of parenthood, by enhancing, Improving and 3ffirmir
parenuchild interactions through Strengthening the skills and confidence of parents in parishes and schools wthin the
Archd10cese.' to provide information and resources In family matters for 811 parishioners and clergy, to act as a link with
existing diocesan agencies lo support f8milies with a particular need, lo build on the worft of previous Celebrating Family
Initiatives of Everybody's Welcome, Home is 8 Holy Place and Passing on Ihe Faith in the Archdiocese., to promote and
evelop national initialive5, responding to the needs and inte￿$t$ al parish and Diocesan level. relating lo supporting
marriage and family life
The FLVI continues to work alongside the archdiocesan Family Life Commission IFLCI, which is made up of 8 few
volunteers from acro55 the deanerE5.
Bereavement by Suicide has been a particular focu8 during 2020 with awareness raising workshop5, for both clergy and
laity held in February, and with follow up 5ession5 for schools planned early 2021. Gialitude is expressed to Lauren
Carvalho la be￿ave(S mother and subsequent bereavetnent counsellorl. Papyrus and SOBS charrties for their training and
support.
The Glob81 p8ndemic has had an unsurpri$ing impact on the Farnily Life work during 2020. and has enforced a period of
reflection and revaluation of working practices and effectiveness. resulting in some definite benefits and increased capacity
terrns of connectivity.
Our Initial focus has been to produce online seasonal resour￿5 that can be accessed by farnilies and used at home, e.g
'Night of Lighf- a H8lloween resource for reclaiming the festival as a Christian event, and'celebrating Advent at Home 85
a Family- which offers Ideas for family ￿lebratiOnS of Advent. These 8re limele55 downloadable reSoUr￿S that can be
used at home. in the parish or In the forming of laiger events al deaftery or Diocesan levels as and when appropriate.
Thanks lo 'Staying Together Whilst Aparv roiect funding. the FLC are developing a series of online digilal resource5 to
leach out and engage their audien￿S-, the ambition being to eTrgage Catholic families with the rich content. training material
and support, that FLC offer, in 8 digi181 Slorylelling format that will be designed for online consumption through the website
and Social tnedia Although inili8lly intended for use In a COVID-19 restncled environment. where the usual face-lo-fa
approaches are no longer viable, this resou￿ is lo be non-time specific and should bècome a valuable online resource
beyond the pandemic.
Marriage preparation and relationship support are being delivered online by our colleagues at Marriage Care and the FLW
¢ontinues lo support them, ensuring a Strong link with the diocese is maintained.
Page 4

Archdiocese of Cardiff
Report ofthe Trustees
for the Year Ewtded 31 March 2021
Schools Commlsslon
The Archd10￿e of C8rdiff is a major provider of education In SDUth Wales and Herefordshire through ils network ol
Primary and Secondary school8. The Schools Commission meets fourtiffles a yearwith members dr8wn from Primary and
Secondary headteachers and governors The Chair has a background in teaching. education management and as a high-
ranking civil se￿ant advising Ministers of Education in Welsh Government.
Covid-19 has C￿ated many challenges for schools. One particular impact has been on the recruitment of schoo1 leaders.
where the pandemic has led to a reluctance on the part of potential candidates lo apply for new posts. 811ied lo the concerns
of governors about the effectiveness of conducting recruitment processes virtually. In the meantime, CfOS5-border links 8re
being slrenglhened with other dI0￿Se$ In South Wales and South West England with a view to ciealing programrnes to
help develop future school leaders.
There is an ongoing need lo keep the provision of Catholic education across the 010￿e under ￿VIeW in the light of
dernographic changes Regular discussions take pla￿ with heads and governors as well as local eduGalion aulhoiity
offitsis in order to ensure that there are sufficient places In Dioceszn schools to meet the needs of Catholic families.
Proposa15 to bring existing $¢hools tryether into a single school for the 3-16 age group a￿ at an advanced stage In one
local authority area. are may be considered in at least two more.
At a national level dI0￿san education officers and the Catholic Education ServiTr a￿ developing 8 new England and
Wales canonical Inspection framework, to ensure greater consislen¢y between di0￿seS. This work is being undertaken
alongside the updating of the Curriculum Directory for Religious Education. Over the forthcorning 8C8demic year existing
Diocesan InSpe￿or5 will be retrained In line with the new requirements wth a view to 311 canonical inspections being
¢onducled vnder the new Framework from the start of the 2022 at8demi¢ year.
The Welsh Government have introduced legislation to enable schools to adopt a newcurriculum from 2022 onwards. Their
Curriculum and Assessment Bill included requirements which would have a significant negative Impact on the teaching of
Religious Education in Catholic schools and ¢onlravene the Diocesan Trust Deed A m8jor campaign has been undertake
irned at lobbying Ministers and senior officials in Welsh Government and elected Members of the Senedd to change their
pioposals. They have been bombarded by lellers from headtea¢her5, goveinors. parishioners. and the Diocesan Bish(
and at this point the Minister for Education has Fecogni5ed the cOn￿rn$ of the Catholic sector and indiealed that there will
be an appropriate amendment to the legislation. In 8ddiliDn Welsh Government have provided funding to support
practitioners from Catholic schools in developing curricvlurn guidance which would be specificto Catholic schools.
Safegvardlng Commisslon
2020 has seen the retirement of Marlin Mahoney as Safeguarding Cooidinator and the appointment on the 3rd August of
Chris Mullane as a full-time coordinator. Chris 1$ an ex Detective Inspector wth South Wales Poli￿ Whe￿ he had
responsibility for Child Protection, Domestic Abuse, and sex offender5 Wlthin his portfolio. Following his retirement. he has
delivered a wide range of safeguarding tr8ining for NSPCC, Barnardos and the College of Policing. He is also a former
school governor al a catholic primary school.
Thi$ year has seen the publication of the Independent Inquiry in to Child Sex Abuse IIICSAI on the Catholic Church The
Ellioll report into Sale9uarding In the Catholic Church was published shortly after. Both reports will have long term
Imp1icalion8 on Safe9Jarding within the Diocese and the wder Church. The results of this and the ieslructuring of
safeguarding will probably not be wholly apparent until way Into 2021. but we can expect-
A new regulatory body
External Inspection and audit
Integration of Safeguarding cornmissions into the governan￿ structure of a diocese
A national tribunal for clergy
Separation of Religious from diocese
Reouirements to publish 3 yearfy safeguarding plans with annual ￿vIewS
Trustees have approved 3 new adrninislrative as51s1ant post for the Safeguarding team who should be in post in the New
Year. They have 8lso approved the purchase of two cotnpuler systems. S8fesy8 to manage DBS ancl CASE which is case
management system. Both these systems will greatly Improve the efficiency of Safeguarding within the Diocese.
The Safeguarding priority al present is lo ensure volunteers aTrd Clergy whose DBS check within the past 3 years The
Archdiocese ha5 over 1600 volunteers and the pro￿$$ involves the full engagernent of the clergy and parish Safeguarding
Representatives to ensure all have been checked within the p￿SCrIbed timescale.
Page 5

Archdiocese of Cardiff
Report of the TrusteÈs
forlhe Year Ended 31 March 2021
Strategic report
Financial position
The Statement of Financial Activities on p8ge 12 Shows incoming resources of £5 447m. a reduction of £572k on the 31
March 2020 year-end figure of £6.019m Income from legacies of £962k compared with £399k received during 2020,
however. donatlOnS to the charity have reduced by £728k The SOFA shows expenditure of £5 323m, a de¢re8se of £926k
compa￿￿ to the 2020 figure of £6 249m Included in expenditu￿ is a sum of £1.526m spent on property repairs The
quoted investments made a gain of £1.455m during the year A gain was realised on the revaluation of investment
properties of £38k. As a result the nel Incoming resources ofthe ¢harily Iof the year shows a surplus of£1.610m compared
ith a deficit of £1886lk during the year ended 31 March 2020.
Investment Poll¢y
The investments are managed by professional managers. The portfolio Is Structured to provide in¢ome and capital growth
that will rnaintain real value to finance the objectives of the ¢harity. The quoted investments made a gain of £1455m (net
of £31k investment management ¢h8rgesl al the balance sheet dale.
Reservo5
The tnJstees' policy is to rnaintain free reserves equivalent lo six month's total expenditure. The balance sheet shows total
reserves of ￿4.305m. Tangible Fixed Assets account for £9 781m of the reserves, £3.276m is held in restricted funds
managed by the Archd10￿se, and a further £1399m 15 held in design8ted funds Cash reserve5 which are available to
meet the day-ltrday expenditure on ils charitable work and aclivities are shown In the balance Sheet and amount to
£4,572m. This figure needs lo be con$1dered in the light of the annual expenditure of £5.323m and future planned buildings
maintenance 8nd development
Page 6

Archdiocese of Cardiff
Report of the Trustees
for the Year Ended 31 March 2021
Future plans
In the coming year, the Trustees are planning a strategic revrew of Diocesan properties, including churches. church hall$.
presbylerie8 and rental propertie5. This Is a significant portfolio and needs lo be maintained In the best possible way not
lea8t to conform to health and safety legislation. The di0￿8& is responsible for 3 sigTrilicant of listed buildings and these
need special care. This Important part of our patrimony is sUPPOrted in no small way tsy grant5 this year from the N8tional
Churches Trust, Albert Gubay Chaiitable Foundation, Welsh Church Act Fund. Allchurches Tiust. Garfield Weston
Foundation, National Lottery Heritsge Fund and Wolfson Foundation and pari8hioners are generous in providing matched
funding for their much loved chur¢hes Rental properties provide a significant proportion ol parish and diocesan income
now that they have been rnoderni8ed It is planned that the diocesan projecting for the housing of ￿lUgeeS in conjunction
wth local authoritie5 will take a step fonmard in 2021.
The dI0￿san Education Department. on behalf of the Trustee5, and the Catholic Education Service continue to have
dialogue with Welsh Goveintnent on their Curriculum proposals for Religiou5 Education and these will have particular
implications for Catholic s¢hool5.
Having recently appointed a new Safegu8rding Officer, the di0￿e is in 3 good position to participate in the decision ol
the Catholi¢ Bishops Confeients of England and Wales to implement wide r8nging ieforrns to Saf￿VardIng structu￿$ In
the Catholic Church. This Is the resuK of the IrKSependenl Elliott Review whose recommendations the bishops have
accepted to implement the'one Chur¢h approach which lie5 at the heart of the safeguarding endeavour.
The TIu5tee5, through the diocesan Edu¢alion Department and the C8tholic Education se￿lTr, continue to have dialogue
wth Welsh Government on the proposed 'Curri¢ulum and As5es5ment IW8lesl Bill, which Is proposed to become law in
2020-2021. If il becomes 18W, this Bill wll have serious implications foi Catholic school Instead of the current'Religious
Education. and 'Personal. Social ancl Health Edu¢ation" curriculu￿, a curriculum described as 'Religion. Values a￿d
Ethics together wth 'Relationships and Sex Educst50n" will be mandated. Parental rights of removing their children frcKn
these ¢lasses will, In turn. be prohibited by law.
Charitable Incorporated Organisation ICIOI
On 28th March 2019. the truslees executed a transfer deed which transferred the assets. liabilities and undertakings of the
Cardiff Roman Catholic Archdiocesan Trust lo the Archdiocese of Cardiff, Charitable Ineorporaled Organisalion ICIOI.
A vesting declaration signed by the trustees on 28th March 2019 ensuied that leg81 tille to permanently endowed property
was vested In the CIO, lo be held on ils original trusts The CIO was appointed as trustee for the pemianent endowment
trusts and given powers of a trust corporation for those trusts
Structure, governance and managernent
Governing document
The charitable Incorporated oryanisation ICIOI Is established by a tiust deed dated 28 February 2018. The Archdiocese
Covers the area cornprising the local authority areas Bridgend, Rhondda Cynon Taff. The Vale of Glamorgan, Caidiff,
Merthyr Tydfil, Blaenau Gwent, Toifaen. Newport, Monmoulhshire and Heiefordshire In this are8 there are 62 parishes.
comprising 80 Eucharistic Communities. divided into seven deaneries. Three parishes geographically located In the
ArchdioTrse are owned and op&r8led by the Benedi¢line Religious Order at Belmont Abbey an¢ a￿ not included In these
financial slalements.
Page 7

Archdiocese of Cardlff
Report of the Trustees
for the Year Ended 31 March 2021
Structure and Governan¢e
The CIO 15 managed by an unpaid board of trustees, which meets regularly. The managewnent of financial and legal
responsibility is vested in the trustees. They are advised by professional staff. in¢lJding voluntary professionals and outside
consultants when required The appointment and remov81 of Iruslees rests solely with the Archbishop of Cardiff. The
number of trustees may not exceed Six and are 8ppointed for their professional knowledge or for their knowledge and
understanding of the aims and objectives of the trust. New trustees are briefed on issues, prO￿￿u[e$ and priorities on
their appointment and are urged to familiarise themselves with the charity commission's guidan￿ notes and updates on
the duties and responsibilities of charity trustees.
The trustees a￿ assisted in the discharge of their responsibilitie5 by the followng boards and consultative bodies.
Schools Cornmis$ion
Religious Education Commission
Pastoral Strategy Board
Safeguarding Commission
Clergy Welfare Board
FinanTr and Property Comrnittee
Investment Committee
Diocesa￿ Cofflmission5
The work of two of these Commissions Is highlighted in the report.
These groups make recommendations to the trustees on prioritie5 and strategies, and are responsible for managing the
implemenl8tion of approved 81rat￿les. Members a￿ a mixture ol Jr¢hdioce5an employee5 and volunteer5 appointed by
the Aichbi5hop for their expertise of their subject. A full time director leads the Schools Comffli5sion, Is temporarily
respon51b1e for the Religiou5 Education Commission. pending the appointment of a new director. A part titne oftiTrr
manages the Safeguarding Commission.
In addilion the trustees and boards, through the Afchbishop, consult widely with the Col￿ge of Consultors and Council of
Priests whose responsibilities are defined by Canon Law.
The pastoral oversight of the charity is conducted by the Aichb15hop in ￿gUlar ￿nsultation with the College of Consultors
This body consisting of senior clergy assists the Archbishop in all decisions affectin9 the Di0{￿Se.
The Council of Priests meets periodically with the Archbishop lo discuss and give advice on a wide range of issues. The
Council 15 composed of clergy representing each of seven cleaneries l(NJether with other senior diocesan cleigy and
representatives of the re5igious orders working in the diocese.
Al parish level, the par15h prie5115 iesponsible for all aspects of running his parish Parish priests are not employees-, in
HM Revenue and Customs terms they are Holders of Religious Office and effectively act as agents for the Trustees in all
bul the purchase and disposal of property and Inveslnenl assets. Each parish Is required to have a finance commitlee that
meets periodi¢ally to support and adv5se tre parish priest on the topics of finance and property A Parish Adrninistration
Manual has been issued by the Diocese to parishes and form5 the basis of good parish financial controls.
Auditors
The auditois. Haine5 Watts Wa185 LLP, wll be proposed for re-appointment at the lorthwming Annual General Meeting.
Report of the trustee5, incorporating 8 Strategic report. approved by order ol the board of trustee5, as the company
directors, on 26 January 2022 and signed on the board's behalf by..
Trustee Archbi
op George Stack
Trustee- Ca
n P Collins
Page 8

Archdiocese of Cardiff
Statement of Trustees, Re5ponsibslities
for the Year Ènded 31 March 2021
The trustees are responsible for preparing the Report of the Trustees 8nd the financial slalement5 in 8ccordance with
applicable law and United Kingcsom Accounting Standards IUnite(J Kingdom Generally Accepted Accounting Practice)
The18w applicable to ch8rilies in England and Wales, the Charitie5 Act 2011. Charity IAc¢ounts and Reports) Regulations
2008 and the provisions of the trust deed requires the trustees to prep8re financial slalements for each fIna￿CIal yearwhich
give a true and fair view of the state of affairs of the chaiity and of the in¢orning resources and application of iesources.
including the in¢ome and expenditure, of the charity for that period. In preparing those financial statements, the trustees
are required lo
select suilable 8ceounling poli¢ies and then apply them consistently-.
observe the rnelhods and principles in the Charity SORP.
make judgements and estimates that are re8sonable and prudent,
prepare the f￿nanCIal statements on the going concern bas15 unless it 15 inappropriate to presume that the Charity
V￿11 continue In busine5S.
The Iruslees are responsible lor keeping proper accounting records whi¢h dis¢lose with reasonable accuracy at 8ny time
the financial position of the charity and to enable them to ensure that the financial slaternen15 comply with the Charities
A¢1 2011, the Charity (Accounts and Report51 Regulations 2008 and the provisions of the trust deed. They are also
sponsible for safeguardin9 the assets of the charity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities
Approved by the Board of Trustees on 26 January 2022 and sig￿e￿ on its behalf by..
Trustee-Ar
bisho
George Stad
Trustee- Can
P Collins
Page 9

Report of the Independent Auditors to the Trustees of
Archdiocese of Cardiff
Opinion
We have audited the financial slalemenls ofAr¢hdiocese ol Cardiff Ithe'charity'l for the year ended 31 March 2021 which
comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes
to the financi81 statements. including a summary of significant accounting policie5. The financial Feporting framework that
has been applied in their preparation is applicable 18w and United Kingdom Ac¢ountiDg Standard5, Including Financial
Reporting Standard 102 The Financial Reporting Standard 8pplicable in the UK ancl Republitr offl￿18nd (United Kingdom
Generally Accepted Accounting Practi￿1.
In our opinion the financial 5tatemenls-.
give a true and fair view of the state of the charity's affairs 88 at 31 March 2021 and of ils incoming resour￿$ and
8pplic8lion of resources, for the year then ended-.
have been properly prepa￿￿ In accordance with United Kingdom Generally Accepted Awounling Practi￿". and
have been prepa￿d in a￿ordanCe with the ￿quIre￿&￿t5 of the Chaiitie5 Act 2011
Basis for opinlon
We conducted our audit in a¢¢ordance with International Standards on Auditing IUKI IISAS IUKII and 8pplicable18w Our
responsibilities under those standards are further described In the Auditors, responsibilities for the audit of the financial
statetnents section of our report We are independent of the charity in a¢¢ordan¢e with the ethical requiretnents that are
relevant to our audit of the financial 51alemenls ITr the UK. including the FRC'S Ethical Sl8ndard, and we have fulfilled our
othei ethical responsibilities in accordance with these requirements We believethatthe aud1t eViden￿￿e have obtained
15 sufficient and appropriate to provide a b85is for our opinion.
Con¢lu$lon$ relatlng to golng ¢oncem
In auditing the financial slalemen15, we have concluded that the trustees. use of the going concem basis ol accounting in
the p￿paratIOn of the financial statements Is appropriate.
B8sed on the work we have performed. we have not Identified any tnaterial un￿rtaIntieS re18ting lo events or conditions
that, individually or collectively, may cast signifi¢anl doubt on the chHrity'5 ability to continue as agoing concern for a period
of al least twelve months from when the financial ststements are aulhorised for issue.
Our iespon5ibi11tie5 and the iespon5ibilitie8 of the Iruslees with re$pe¢t to going concern ao described in the relevant
sections of this report.
Other Information
The trustees are responsible for the other information. The other information cornprises the information included in the
Annual Report, other than the fin8n¢ial statements and our Report of the Independent Auditors Ihereon.
Our opinion on the financial ststements does not cover the other information and, ex￿pt to the extent otherwise explicitly
stated in our report. we do not express any form of assuran￿ Condusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other inforrnation and, In doing SO,
eon5ider whether the other Informatlon is materially inconsistent with the finan¢ial stslements or our knowledge obtained
In the auESitor otherwiseappears to be tnaterially misslaled Ifwe identify such material inconsisten¢ies or apparent materi81
misstatements, we are required to determine whether this give5 rise to a material misslalemenl In the financial statements
themselves If. based on the work we have perfortned, we conclude that there is a material misstatement of this other
information, we 8re required lo report that fact. We have noth￿￿9 to report in this regaid.
The impact of uncertainties due to COVID-19 on our audit
Ljncertainties relaling to the effects of COVID -19 are relevant to understanding our audit of the financial 51atemenls. All
audits assess 8nd challenge Ihe reasonableness ol estimates made by the trustees, such a5 valuation of assets,
appropiiatene5s of the going concern basis of preparation of the finan¢ial statements and associated disclosures. All of
these depend on as5es5rnents of the future economic environment and the charity's future prospects and perfomance.
The COVID-19 viral pandefnic 15 one of the most significant economic events for the UK, and at the dale of this report its
effects are subject lo unprecedented levels of uncertainty of outcomes. with the full range of possible effects unknown.
We have applied a standardised approach In response to that uncertainly when assessing the company's future prospects
and performance. However. no audit should be eKpecled to predict the unknowable factors or all possible future
implications for a company and this is particularly the case in relation to the COVID-19 pandemic.
Matters on which we are required to report by exceptlon
We have nothing to report in respect of the following mallers where the Charities IA¢count5 and Reportsl Regulations
2008 requires us lo report to you If, In our opinion.
the information given in the Report of the Trustees is inconsisienl in any rnalerial respect with the financial slalements,. or
the charity has not kept adequate accounting records-. or
the financial slalemenls are not In agreement with the acctrunting recor($5 and relums.. or
we have not re￿iVed all the information and explanations we require for our Èudil
Page 10

Report of the Independent Auditors to the Trustees of
Archdiocese of Cardiff
Responsibilitie$ of trustees
As explained more fully in the Slalement of Trustees, Responsibilitie5, the trustees 8re responsible for the p￿par￿tIOn ol
the financial statements and for being satisfied that they give a true and fair view. anrj for such internal contiol as the
trEsslees determine is ne¢es$3ry lo enable the preparation of financial statefflenls that are free from material misslalement,
whether due to fraud or error.
In preparing the financial statements. the trustees a￿ responsible for assessing the charity'5 ability to continue as a going
n¢ern, disclosing, as applicable. matters related to going con￿rn and using the going concern basis of arKounling
unless the trustees either intend to liquidate the charity or lo ￿ase operations. or have realistic alternative bul to do $0.
Our responsibilities for the audit of the financial statements
We have been appointed as auditor under section 1443 ofthe Charities Act 2011 and report in accordan￿ with regulations
made under section 154 of that Act..
Ourobjectives areto obtain reasonable assurance aboutwhether the financial statements as a whole are free frorn matefial
misstatement. whether due to fraud or error. and to Issue 8 Report of the Independent Auditors that indudes our opinion.
Reasonable assuran￿ Is a high level of assurance, bul Is not a guaianlee that 8n audit conducted in accordan￿ with
ISAS IUKI will always delecl 8 m8terial misstatement when it ex15ts. Misstatements can 8rise from fraud or error and are
COn51deied rnalerial if. individualSy or in the aggregate, they Could reasonably be expected lo influence the economic
deeision5 of users taken on the basis of these financial statements.
The extent to which our procedures are capable of delecling If￿gUlarItIes, Including fraud is detailed tEIow".
Our planning procedures iclenlify the I￿al 8nd wulalory frameworks applicable to the operations 8nd financi81 ststements
of the ¢harity. These are reviewed Internally with the audit team including relevant industry experience and expectations
as well as externally wth the Client managernent. The keylaws and regulations we considered In this context were the.
Charities SOFIP IFRS 1021 'Accounling and Reporting by Charities. Statement of Recommended Practi￿ applicable to
charities prèparing their accounts in accordance with the Financial Reporting Standard Applicable In the UK and Republic
of Ireland,. UK GAAP and relevant lax legislation.
on￿ identified, we assess the risks of material rnisslalements in relation lo Ihe laws and regulations. irregularities,
including fraud and adjust our testing accordingly. Our audit pro¢edures Include-.
Discussing with Trustees and manag&menl which areas of the business they believe lo be more susceptible to
fraud, and whether they have any knowledge or su$pi¢ion of fraudulent activities
Obtaining an understanding of the key contro15 Put in place by the ¢harity lo address risks identified, assessing the
effectiveness of those and disCUSSln9 how these are maintained 8nd monitored Internally
Assessing the risk ol managernent override and review 8nd testing of journal entries made into the accounts.
system
Challenging assumptions and judgements made by the charity in relation to the significant accounting estimates
employed in the preparation of the financial statements
Desplte the audit being planned and conducted in accordan￿ with ISAS IUKI there iemain5 an unavoidable risk that
material rnisslalements In the financial slalements may not be dete¢ted owing to inherent limitations of the audit. and that
by their very nature, any such instan￿5 of fraud or irregularities likely involve collu510n, forgery. intentional
m15fepresenlalion, or the override of Internal controls.
A further description ol our responsibilities for the audit of the financial statements is located on the Financial Reporting
Coijncil's website at ￿￿.fr¢.or9.ukAajQIt0rsresponslb1lltle5. This description forms part of Dur Repori of the Independent
Auditors
Use of our report
This report is made solely to the charills trustees. as a body, In accordan￿ with Pait 4 of the Charities (Awounts an
Reports) Regulations 2008 Our audit work has been undertaken so that we might state to the charity's Iruslees those
wnallers we ale required to state to Ihern in an auditors. report and for no other purpose. To the fullest extent permitted by
law. we do not accept or assume responsibility to 8nyone other than the ¢harity and the eharity'5 truste8s as a body. for
our audit work, for this report, 01 for the opinions we have formed
Stephen Lucey Isenior Statutory Audilorl
Is eligible lo ¥¢1 as sn 8udiiofyn tenns of s$¢tion 1212of th6 CO￿panIeSAcI 200&
for and on behalf of Haines Watts Wale5 LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ
Dale..
28 January 2022
Page11

Ar¢hdlo¢e$e of cardiff
ststement of Financlal Activities
Ilncorporating an Income and Expendlture Accounti
for the Year Ended 31 March 2021
2021
Total
funds
2020
Total
fund5
Restricted
funds
Curial
Paiochial
Notes
IncoTne and endowments from..
Donations and legacies
41.627
3,057,567
225.151
3.324,245
3,636,006
Charitable Activities
68.913
518,379
868,408
1.455,700
895,158
Other trading activities
Investment income
Revaluation of assets
36.262
216,058
37,718
368,856
7,977
405,118
224,035
37,718
540,924
272,798
673,950
Tot81
400,578
3.952,779
1.093,559
5,446,916
6,018,836
Expenditure on
Raising funds
6.408
13,476
19.884
54,547
Charitable Activities
1.147.872
3,028,331
1,127,(E7
5.303,270
6.194.393
Total
1.154.280
3,041,807
1,127,067
S.323,154
6,248,940
Nel gainslllossesl on
investments
1,486,370
1.486,370
657.8821
NET INCOMEIIEXPENDITUREI
732,668
910.972
133,5081
1,610,132
1887.9861
Translers between fund$
548,288
548.2881
Net movement In funds
1.280,956
362.684
133.5081
1.610,132
1887,9861
Reconcilialion of funds
Total funds broltght fo￿l2rd
12.611,045
6,774,997
3.309.511
22.695,553
23,583,539
Total funds carried forward
13.892,001
7,137,681
3,276.003
24.305.685
22,695.553
The noles form part of these financi81 stslements
Page 12

Archdlocese of Cardiff
Statement of Financial Actbvities for the Year Ended 31 March 2021
Icomparative Statement of Flnanclal A¢tlvitiesl
Restricted
fund5
Total
funds
Curial
Parochial
Income and endowments from
Donations and legaoe5
42,655
3,110,326
483.025
3.636,006
Charitable activities
Charitable Activities
151.346
723,812
20.000
895, 158
Other trading activities
Investment income
Other in￿rne
51.754
258.529
673.950
489,170
14,269
540,924
272,798
673,950
Totsl
1,178.234
4.337,577
503,025
6.018,836
Expendlture on
Raising funds
1,526
49,870
3,151
54.547
Charitable activities
Charitable Activities
1,572,521
4,122,477
499,395
6,194,393
Total
1,574,047
4.172,347
502,546
6,248,940
Net gainsll105se51 on investments
657.8821
1657,8821
NET INCOMEIIEXPENDITUREI
11,053,695)
165,229
479
1887,9871
Transfers between funds
650.228
650,2281
Net movement funds
1403,4871
1484,9981
479
1887,9861
Reconciliatlon of furtds
Total lunds brought fotward
13,014,511
7.259.995
3.309,033
23,583.539
Total funds carried forward
12,611,044
6.774.997
3,309.512
22.695,553
The notes form part of these finanual statements
Page 13

Archdiocese of Cardiff IRegistered number.. 11772721
statement of Financial Position
31 March 2021
2021
Total
funds
2020
Total
funds
Curial
Parwhial
Note5
Flxed assets
Tangible assets
Investment5
Investmen15
Investment property
9,781,138
9,781,138
10.090,730
8,407.637
1,545,000
8.407,637
1.545,000
6,952,723
1,235.000
10
19,733,775
19.733,775
18.278,453
Current asset$
Debtors
Short Term Deposits
Cash at bank and in hand
660,959
240.439
1,724.730
660.959
240,439
3,975,693
599.833
238.243
3.673.403
12
2,250,963
2,626,128
2,250,963
4,877,091
4.511.479
Creditors
Amounts falling due within one
year
13
130S.1811
1305,1811
194,3791
Net current assets
2.320.947
2,250,963
4.571,910
4,417,100
Total assets le55 current
22,054.722
2.250,963
24.305,685
22,695.553
Inter Fund Balances
14
15,147,1381
5,147,138
NET ASSETS
16.907,584
7,398,101
24,305.685
22.695.553
Fund5
Unrestricled funds
Restricted funds
15
13,892,001
3.015,583
7.137.681
260,420
21.029.682
3.276.003
19.386,041
3,309,512
Total funds
16,907,584
7,398.101
24.305.685
22,695,553
The financial statements were approved by the Board of Trustee5 and aulhorised for issue on 26JaMary2022 and were
signed on its behalf by..
Truste
Arch
hop George Stack
Trustee-
anon P Collins
The notes fonn part of these financial statements
Page 14

Ar¢hdlo¢ese of Cardlff
Cash Flow Statement
for the Year Ended 31 March 2021
2021
2020
Notes
Cash flows from operatlng a¢tlvltSe$
Cash gener8ted from operations
394.951
1721,8671
Net cash provided byllused inl operating activities
394,951
721,8671
Cash flow$ from Investlng activities
Purchase of tangible fixed asset8
Purchase of investment property
Dividends. interest 8nd rents from invesbnenls
Proceed5 from the sale or transfer of property. plant and equipment
14,5001
1310,0001
224,035
1390,0001
272,798
749,400
Net cash (used inllprovided by investing a¢tivities
90,4651
632,198
Change In cash and cash eoulvalenls In
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
304.486
189.6691
3,91 1.645
4.001,314
Cash and cash equhvalents at the end of
the reporting period
4,216.131
3,911,645
The notes fom part of these financial ststemenls
Pa9e 15

Archdiocese of Cardlff
Note5 to the Cash Flow Ststement
for the Year Ended 31 March 2021
Re¢on¢lllatlon of net 1ncomellexpenditu￿l to net cash flow frorn operating activities
2021
2020
Net incomellexpenditurel for the reporting perlod la$ per the
Statement of Financial Activities)
Adjustments for-.
Depreciation charges
(Gainlllosses on inve5tmentS
Prof510Tr disposal of fixed assets
Purchase of investments
Dividends & Interest from inve5ttnen15
Ilncfeaselldecrease In debtors
Increasellde¢reasel In ¢redilors
1,610.132
1887,9871
314,092
11,454.9141
315,887
690,349
1352,2041
1321,7461
1272,7981
120,441
13,809
1224.0351
161,1261
210.802
Net cash provideil byllu$ed inl opeiations
394.951
721,8671
Analysis of cash and cash equivalents
2021
2020
Cash In hand
Cash In hand and at bank
240.439
3.975,692
238,243
3.673,403
Total cash and cash equivalents
4.216,131
3.911,645
Analysss of changes in net funds
At 1.4.20
Cash flow
At 31.3.21
Net cash
Cash al bank and in hand
3,911,645
304,486
4,216,131
3,911,645
304,486
4,216,131
Total
3.911,645
304.486
4,216,131
The notes form part ol these financial statements
Page 16

Archdiocese of Cardiff
Notes to Ihe Flnancial Statements
for the Year Ended 31 March 2021
Accounting policies
Basis of preparing the financial statsments
The financial stalements of the charity, which is 8 public benefit entity under FRS 102. have been prepared In
accordan￿ with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of
RecommeTrded Pr3clice applicable to charities preparing their accounts in accordance with the Finan¢ial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,. Financial
Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Charities Act 2011. The financial slatetnenls have been prepared under the histDric21 cost convention. with the
exception of investments which a￿ included at market value, a5 modified by the revaluation of ￿rtain 88sels.
The finan¢ial statements have been prepare£l on a going con￿r￿ basis. The Trustees have reviewed and
¢on8idered relevant information, including the annual budget and fulurt cash flows in making their assessment In
Particular. in response lo the COVID-19 pandemi¢. the Trustees have tested their cash flow analysis lo take Into
ac¢ount the impact on the charity of possible scenarios brought on by the impact of COVID-19. alongside the
measure5 that they can 18ke to mitigate the impact B8sed on these assessments. given the measures that could
be undertaken to mitigate the curienl adverse conditions. and thè Current resources available, the Trustees have
concluded that they can continue to adopt the going concern basis in preparing the annual report and 8¢counls.
Income and Expenditure
Incoming iesources are Included in the Ststement of Financial Activities on the basis of the amounts receivable for
the year and resources expended are Included on the bas15 of the amount5 payable for work done and services
provided in the year.
Charitable expenditu￿ Consists of all expenditure directly relating lo the objects of the Charily. Certain central
costs, which cannot be directly allocated. are apportioned on the basis of the Twstee's estirnate of the time spent
on the relevant functions.
Raising Funds consists of 311 expenditure incurred by the Archd10￿Se lo raise funds for Its charitable purposes.
Certain central c051s. which cannot be direclly allocaled, are apportiorted b&￿ert direct charitable expenditure
and governance costs on the basis of the Trustees, estimate of the time spent on the relevant functions
Support ¢osts Include Governance costs which cotnpiise the costs of running the Charity, including strategic
planning for ils future development, also external audit. any legal advice, and all the cost5 of complying wilh
conslitulion81 and statutory requirements. such as the costs of Tru5tees' rTreetings and of preparing statutory
accounts and satisfying publi¢ ac¢ountabilily.
al Legacies, Donations and Grants
Legacies and donations are recognised when receivable or when the Diocese becomes legally entitled to them
and they can reasonably be measured in financial terms. Receipts of property. investments or other gifts In kincl
are Included at fflarkel value. Grants zre iecogn15ed when receivable.me will be received and the amount ¢an be
measured ieliably.
bl Investments and Investment Income
Quoted investments are valued al their middle price on the balance sheet date. Investment propertie5 are stated
al a Trustees, v81uation. as advisèd by a qualified Chartered Surveyor. Investment Income Is accounted for a5 It
accrues.
cl Government Grants
Governrnenl grant represents incoffle re￿1vable in relation to the UK government COVID-19job retention scheme.
Taxation
As a registered charity, the Archdiocese is exempt from tax. corporstion tax and capital gains lax derived from its
charitable activ￿lIes. Recovery of tax deducted at source is credited to the category of income to which it r&lales.
Tanglble Flxed Assets
Prior to 6 April 1996 the cost of fixed assets was written oft In the year of acquisition and no cotnprehensive c05t
record5 were maintained. In order lo arrive 8t a reasonable valuation of parish property, taking Into account age,
type, condition and life expectancy, the Trustees considered that the then insured values should be discounted and
in Subsequent years be depreciated al 20/1 per annum. on the building value only. Properties acquired after 6 April
1996 ale capilalised al the cosl of acquisition.
Page 17
conlinue£l...

Archdiocese of Cardiff
Notes to the Flnanclal Statements - continued
for the Year Ended 31 March 2021
Accounting policies- continued
Tangible Fixed Assets
The Di0￿Se owns a number of propertie5 that are occupied and run by independent Charities in the form of
Voluntary Aided Schools. Thus these properties have not been capitalised There 1$ a potential value, or
contingent asset. in the event ol a closure of a school leilhei connected to 8 re-organi88lion or notl Such an
asset is re¢ognised only upon the occurrence of a closurelre-organis81ion and the sile's development value
becoming Certain. suGh as upon the granting of planning perrnission The recognition of this value is ac¢ounled for
as an Incoming resour￿ in the year which th15 value becomes measurable and certain
Depreciation is C81cu18ted by the straight line method to write off the cosvvalue less anticipated residual value,
over the expected useful lives of assets as follows".-
Freehold property lexcluding landl
Furniture and equipment
50 years
4t0 10years
The charity's policy ogarding capilalisation of assets is as follows Expenditure in relation to freehold land and
buildings Is capilalised atcost. expenditu￿ In relation to fixtures 8nd fillings is expensed lo the statement of finanaal
actiwties.
Galns and Losses
Gainsllos8es on investments are calculated 8$ the differen￿ between opening market v81ue and closing market
value after adjusting for additions and disposals during the period. No distinction is made behveen realised and
unrealised gains in the finan¢ial statements.
Schools Building Programme
Any grants obtained orn behalf of school governors are netted off against total usts and only the residual cost to
the Archdiocese Is Included In the financial statements
Paro¢hial Funds
Each parish is considered by Canon Law to beiuridi￿l person with corresponding rights and obligations, including
the holding and use of funds. The use of these parochial funds is the responsibility of the Parish Priest The
Trustees in varying w8ys depending on the amount and sign1ficance of the fund5. However. for the purposes of
eivil law parishes are not distinct legal entities and, unless there a￿ distinct and express special trusts clearly
evidenced In law, parochial funds are therefore shown as Un￿strICted fund5.
Pemianent Endowment Funds
The capital of Permanent Endowment Funds must be main181ned intact with any Income arising being available for
reslficled or general charitable purposes of the Archd10cese, according to the terms of the original gift
Fund A¢¢ounllng
Unrestricted funds comprise accumulated surpluses and deficits on general funds They are availaue for use al
the discretion ol the Trustees in furtheran￿ of the general charitable objectives.
Designated funds are funds set aside by the Trustees for specific purposes Isee note 111.
Restricted funds 8re used for specifi¢ purposes as stated by the grantor. Expendituie which rneet5 these criteria is
charged to the fund (see note 101.
Pefisions
All eligible staff mayjoin the Diocesan pension plan lo whi¢h the Archdiocese makes a contribution. No liability falls
upon the Archdiotsse. as employer, to make good a shortfall of funding other th8n contributions due
Debtors
Debtors are stated at their transaction price less any provision for non recoverable amounts.
Cash
Cash ba18nces are staled at their year end reconciled amounts which take account of year end transactions that
will clear the bank post year end.
Creditors
Creditors a￿ stated al their transaction price
Charltable Intorporated Organisatlon ICIOI
The transfer deed executed by the trustees on 28th MarGh 2019 transfe￿ed the assets, liabilities and undertakings
of the Cardiff Roman Catholic Ar¢hdiO￿9an Trust to the Archdiocese of Cardiff, Ch8rit8ble Incorporated
Organisalion ICIOI. Merger accounting under FRS102 has been applied and a5 a result the financial slalemenl$
incorporate the results of the Old ch8rity for the years ended 31 March 2019 and 31 March 2018 as if the CIO had
been operating as the charity at that time.
Page 18
continued...

Archdiocese of Cardiff
Notes to the Financial Statements continued
for the Year Ended 31 March 2021
Donatlon$ and legacles
2021
2020
Donations
Gift aid receivable
Le9acies
2,154,566
207,630
962,149
2,882,100
355,278
398,627
3,324.345
3,636,005
Income from chaiitable actrvities
2021
2020
Grant received
Commission
Sundry income
Courses and counselling
Charitable Activities
Ch8rilable A¢livilies
Charitable Activities
Charitable Activities
1.386,787
38,076
28,042
2,795
895, 158
1,455,700
895,158
Expenditu
Inote 51
Allocated
Support
Direct
Personnel
Direct
Premises
Direct
Other
Total
2021
Total
2020
Charitable ActivÉties
Provision for Worship
Ministry Support
Pastoral & Community
Education
Raising Funds
142,213
74.363
2.457,761
213,775
47,219
1,235.317
286,606
228,703
112.711
401.714
60.200
28.891
11.805
2,083
4.237.005
634,945
304.723
124,516
2,083
4.706,101
872,259
397,816
213,203
5,014
216.578
2,718,664
1,863.338
504,692
5,303,270
6,194.393
Ral$lng Funds
Appeal Costs
19.884
19,884
54,547
19,884
19.884
54,547
216,576
2.718.664
1,883.222
504,692
5,323.154
6,248,940
Page 19
continued

Archdiocese of Cardiff
Notes to the Financial Statements- continued
for the Year Énded 31 March 2021
Allocated Support ¢05ts
Provlslon
Pastoral
for
Worship
Ministry
Support
Raising
Funds
Total
2021
Total
2020
Community
Educallon
Governan
Finan
Infortnalion
Technology
Premise5 Costs
23,730
43,358
3,556
6,498
1,707
3,118
697
1,274
123
225
29,814
54,473
95,644
53,735
37,684
45,163
251,778
5,647
6,768
37.731
2,710
3,248
18.108
1,107
1,327
7,399
195
234
1,305
47,344
56,740
316,322
38, 193
60, 144
278.386
Human Resources
401.714
60,200
28,891
11,805
2,083
504,692
526.102
Investrnent income
2021
2020
Arising on quoted investments
Bank Interest
213.862
10,173
248.415
24.383
224,035
272.798
Staff costs
The average number of total employees Inol full time eouivalentsl of the Arehdioce5e during the period and their
aggregate ernolurnent5 are shown below.
2021
2020
Staff Co$t$
Curia
Government grant
Parishes linc. Clergy Allowan￿)
742.374
135,2591
445.435
652.758
585.583
1.152.55Q
1,238341
Allocated HR 5UPPOrt staff cost8 including in the above..
Wages and salaries
Employers, Nl
269,820
46,502
237, 159
41,227
316,322
278,386
The average monthly number of employees during the year was as follows".
Departmenls
P3r15h
2021
26
16
2020
18
19
42
37
No ￿nployeeS received emoluments in ex￿$$ of £60.000.
In aggregate, key rnanagernent personnel received remuneration tolalling £245,07312020". £171.2181.
Page 20
conlinued...

Ar¢hdio¢e$e of Cardiff
Note5 to the Finantial Staternents continued
forthe Year Ended 31 March 2021
Tanglble flxed assets
Freehdd
L8nd &
Buildings
Furniture
& Eouipment
Tota15
Cost
At 1 April 2020
Additions
15.002.093
984.059
4.5009
15,986,152
4.500
At 31 March 2021
15,002,093
988.559
15,990,652
Depreciation
At 1 April 2020
Charge lor year
4.989,608
312,684
905.814
1.408
5,895.422
314,092
At 31 March 2021
5,302,292
907.222
6,209,514
Net book value
At 31 March 2021
9,699,801
9,781,138
At 31 March 2020
10 012,485
78.245
10.090 730
The Archd10￿Se also owns 8 number of properties, which are occupied ancs run by independent Charities in the
form ofvoluntary Aided Schools. The Trustees ¢onsider that these piopertie5 have no capital value to the charity,
see the 8WOUllting policy for Tangible Fixed Assets A list of the schoo15 in the Archdiocese is sel out on the
Di0￿$8n website.
All fixed assets 8re used in direct furtheran￿ of the Charity's objects
Fixed asset investments
Quoted
Investments
Market value
At 1 April 2020
Revaluations
6,952.723
1.454.914
At 31 March 2021
8,407.637
Net book value
Al 31 Mar¢h 2021
8,407.637
At 31 March 2020
6,952.723
All quoted Investments (other than cashl are quoted on a recognised UK Stock Exchange or are valued by
reference lo investments listed on a recognised Stod( Exchange
No investrnent5 incl￿ed wthin the investment portfolio al the yezr*nd represented more than 5°A total
Portfo110 valuation.
Page 21
CO￿tinUed...

Archdlo¢e$e of Cardiff
Notes to the Financlal Statements . Continued
for the Year Ended 31 March 2021
10.
Investment property
Market value
Al 1 April 2020
Additions
RevalJation gainslllossl
1,235,000
272,282
37.718
Al 31 March 2021
1.545.0(K)
Market value
Al 31 March 2021
1,$45.0(K)
At 31 March 2020
1,235,OOD
11.
Debtors
2021
2020
Arnount5 falling due within one year..
Other debtors
Unsecured concessionary loans
to priests, etc.
215,771
132,893
7,445
9,197
223,216
142,090
Amounts falling clue after more than one year".
Other debtors
437,743
457,743
Aggregate amounts
660,959
599,833
12.
Short term investrnent5
2021
2020
ilding Society Accounts
240.439
240,439
238,243
238,243
Page 22
continue

Archdiocese of Cardlff
Note5 to the Financial Statements contlnued
for the Year Ended 31 March 2021
13.
Creditor5- amounts falling due within one year
2021
2020
Other ¢reditors
Short Term Loans
Accrued expenses
247,935
700
56,546
72,705
700
20,974
305,181
94,379
Short term loans held within creditors are p8yable within one year.
14.
Interfund balances
2021
2020
Parish Deposit A¢¢ounts"
Parish Loan Accounts
6.644,119
1.496.9821
6.348,816
1.341,4611
5,147,138
5,007.355
'Parish funds invested by the Archd10￿e
16.
Movement fund5
Net
movement
in funds
Transfers
between
funds
At
At 1.4.20
Unrestrlcted fund$
Curial
Parochi81
Housekeepers. Pension Fund
Sea Mission
Clergy Welfare Fund
Schoo15 Developtnent Fund
Catnpaign Fund
Property Fund
Insurance Reserve Fund
Cathedral Developnent Fun
11.208,384
fj.774,997
195,918
28.397
70.239
196.768
659,837
107.261
24,240
120.000
736,633
910.972
13.9651
548,288
1548,2881
12,493,306
7,137,681
191,953
28,397
70,239
196,768
659,837
107,261
24.240
120.000
19,386.041
1,643,640
21.029.682
Restrl¢ted fund$
Priest Training Fund
Poor Missions
Endowed Missions & Masses
Overseas Mission Fund
Sick & Retired Clergy Fund
Archbishop Murphy Fund
Mensal Fund
Our Lady of Vocations Fund
Cathedral Restoration Fund
Pastoral Strategy Fund
Catholi¢ Care of the Deaf Fund
Sensory Garden
Syrian Refugee F8mily Support
Special Collections
1,122,587
746,241
65,700
76,072
126,506
624,533
58.586
2,713
6.236
21,610
209.276
10.723
14,851
223,778
154,5171
1,068.169
746.241
59.900
75,072
126,506
624,533
52,586
2,713
6,667
21,610
206,337
10,398
14,851
260.420
15,8001
11.0001
16.0001
431
12,9391
13251
36.642
3,309.512
33,5081
3.276,003
Totsl Funds
22,695,553
1.610,132
24,305,685
Total Curlal
22,054,720
16,907,582
Page 23
continued.--

Archdiocese of Cardiff
Notes to the Financial Statements- continued
for the Year Ended 31 March 2021
15.
Movement in funds- £ontinued
Nel movement in funds, induded in the 8bove 8re as follows.
Incorning
reSour￿S
ResoiJr(ts
expende(I
Gains ancl
losses
Movement
in fund5
Unre51ricted fund5
Curia
Paro¢hial
Housekeepers. Pension Fund
400,578
3,952,779
11,150,315)
13,041,807)
13,9651
1,486.370
736.633
910.972
3,9651
4.353,357
14,196.0871
1,486.370
1.643.640
Restrl¢ted fund$
Priest Training Fund
Endowed Missions & Ma$$es
Overseas Mission Fund
Sick & Retired Clergy Fund
Menssl Fund
Cathedral Restoration Fund
Catholic Care of the Deaf Fund
Sen50ry Garden
Special Collections
Albert Gubay Food Poverty
Barclays Food Voucher SGheme
NLCF Food Poverty
HLF Building Resilience
S18ying Together Whilst Apart
Third Sector Resilien￿ Fund
WCVA Cultural Recovery Grant
Heiitage Emergency Fund
20.774
500
175,2911
16,3001
11,0001
115,0571
16,oix)I
154,5171
15,8001
11,0001
15.057
16,Q)01
431
12,9391
13251
36,642
431
759
13,6981
13251
1170,9881
1170,5951
1100,0001
126.9011
125.3351
1138,2601
156.2501
1116.6671
214.4001
207,630
170,595
100,000
26,901
25,335
138,260
56,250
116,667
214.400
1.093,559
1,127.067
,5081
TOTAL FUNDS
5.446.916
5.323.154)
1.486.370
1,610,132
Page 24
continued..

Archdiocese of Cardiff
Note$ to the Flnan¢lal Slatements- continueil
for the Year Ended 31 March 2021
16.
Movement in funds- continued
Comparatives for movernent in funds
Net
movement
in funds
Transfers
tween
funds
At
31.3.20
Al 1.4.19
Unrestrlcted funds
Curial
P8rochial
Housekeepers. Pension Fund
Sea Mission
Clergy Welfare Fund
Schools Development Fund
Ca￿Paign Fund
Property Fund
Insurance ReseNe Fun
Cathedral Development Fund
11.607,879
7.259,995
199,890
28.397
70.239
198,768
659.837
107.261
24.240
120.000
11,049,723)
165,330
13,9721
650,228
1650,2281
11,208,384
6,774,997
195,918
28,397
70,239
196,768
659,837
107,261
24,240
120,CQO
20,274,506
1888.4651
19,386,041
Restricted funds
Priest Training Funi
Poor Missions
Endowed Missions & Masses
Overseas Mission Fund
Sick & Retired Clergy Fund
Archbishop Murphy Fund
Mensal FuTrd
Our Lady of Vocations Fund
Cathedral Resloraiion Fund
Pastoral Strategy Fund
Catholic Care of the Deal Fund
Sensory GarrSen
Syrian Refugee Family Support
Special Collections
1,133.365
746.241
70,7(NJ
76,072
126,504
624.533
58.586
2.713
5.790
21.610
195,913
11,054
18,334
217,616
110.6781
1,122,687
746,241
65,700
76,072
126,504
624,533
58,586
2,713
6,236
21,610
209,276
10,723
14,851
223.778
15,0001
446
13.363
13311
13.4831
6.162
3,309,033
479
3.309.512
TOTAL FUNDS
23.583,539
887,9871
22.695.553
CompaFative net movernent in funds. included in the above are as follows".
Incorning
resource5
Resources
expended
Gains and
losses
Movement
in funds
Unrestrl¢ted funds
1,178,234
4.337.577
11,570,075)
14,172,347)
3,9721
1657,8821
11.049.723)
165.330
3,9721
Paiochial
Housekeepers Pension Fund
5,515.811
15,746,3941
1657,8821
1888,4651
Restricted funds
Priest Training Fund
Endowed Mis510ns & Masses
Sick & Retired Clergy Fun(5
Cathedr31 Restoration Fund
Catholic Care of the Deaf Fund
Sensory Garden
Syrian Refugee Family Support
Special Collections
57,741
168.4191
15.0001
176.1851
110.6781
15.0001
76,185
446
20,967
250
1,517
345,919
446
13,363
17,6041
15811
15,0001
339,7571
13.4831
8.162
503.025
1502,5461
479
TOTAL FUNDS
6.018.836
887,9871
Page 25
continued...

Ar¢hdlocese of Cardiff
Notes to the Financial StatÈment$- continued
for the Year Ended 31 Mar¢h 2021
16.
Movement In funds. conlinued
Curtal
Priest Training Fund- for the training and ongoing fortnation of priests
Poor Missions for building and improving churches and Schools in the poor areas of the di0￿Se
Endowed missions and masses- donations and legacies for churches 8nd masses
Overseas Mi5510ll5- for the support of miSSiDns in Africa and S.America
Sl¢k and retlred clergy- to support priest5 in retirement and in ill health
Archbl$hop Murphy- for the training of priests and laity
Mensal for the support ol the Archbishop
Our Lady of Vocatlon$- for Ihe promotion of vocations to the priesthood
Cathedral restoration- donations for the proposecl iestoration
Pastoral strategy- to 5UPPOrt the pastoral training of Clergy and laity
Calhollc Care of the Deaf - to promote the education. welfare arKI spiritual wellbeing of the deaf within Wales
Natlonal Lottery HLF Grant- for the iestoialion of the Cornerstone Chapel
Sensory Garden - ¢Jonations to provide a Sensory Garden at Cornerstone
World Youth Day- donations for the Dioces8n group to visit Krakow for World Youth Day
Syrian Refugee Famtly Support- lo support a Syrian Refugee farnily living in the P8rish of Our Lady Star of the
Sea, Porthcav
Covld Relief Grants- lo support the DI0￿Se and provKle relief lo parishes from the effects of COVID-19
Paroehlal
Special Collections- collections taken in parishes for specific appeals
Desi
nated funds
Housekeepers pension- for the pensions of retired parish housekeepers
Sea Mission- for the support of the Apostleship of the Sea
Clergy welfare- funds allocated 10 5UPPOrt retired and infirm Clergy
S¢hool$ development- towards the future development of dI0￿$an schools
Campaign fund- unrestricted donations lor clergy welfare, cathedral restoration and pastoral strategy
Property fund- grants to be amortised over the life of the buildings
Insurance reserve fund - to equ81ise premiums and fund parish risk fflanagement
Cathedral develtsprnent fund- for the repair 8nd refurbishment ol Cardiff Metropolrtan Cathedral
Transfer between fund
Fund transfers for the reallocation ol the parochial costs.
Page 26
continued...

Archdio¢ese of Cardlff
Notes to the Flnancial Statements contlnued
for the Year Ended 31 March 2021
16.
Transactions with trustees
Certain ofthe Tiustees are also priests within the Diocese. As piiests they receive income from their office together
wilh living accommodation, living expenses and reimbursement of wsls Incurred on behalf of their parish on the
same basis JS other priests within the Diocese. No Trustees re￿1ve any rernuneialion or benefits from theii
trusteeships. No tru51ees were paid lor pioviding professional serVI￿S to Ihe Diocese.
17.
Cornerstone lease
The restaurant and cafe facilities at Cornerstone are leased lo a third party The lease has been granted for a
period of 25 years with 8 review to b& undertaken every 5 years
Page 27
continued..