2023-03-31-accounts

Contents ofthe Financial Statements
for the Year Ended 31 March 2023
		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	7
Statement ofTrustees' Responsibilities
Report ofthe Independent Auditors	9	to	10
Statement of Financial Activities
Statement of Financial Position	12	to	13
Statement ofCash Flows		14
Notes tothe Statement of Cash Flows		15
Notes tothe Financial Statements	16	to	27

			for the Year	Ended 31 March	2023
						2023	2022
					Restricted	Total	Total
		Notes	Curial	Parochial f	funds f	funds f	funds
Income and endowments	from
Donations and legacies			25,535	2,871,319	522,537	3,419,391	3,689,891
Charitable activities
Chantable Activities			139,854	402,349	91,186	633,389	808,150
Other trading activities Investment income Other income			90,870 244,259	464,691 5,263		555,561 249,522	380,297 233,570 340418
Total			500,518	3,743,622	613,723	4,857,863	5,452,326
Expenditure on
Raising funds		4	5,318	28,983		34,301	22,310
Charitable activities
Charitable Activities		4	1,963,895	3,156,645	582,393	5,702,933	5,663,340
Total			1,969,213	3,185,628	582,393	5,737,234	5,685,650
Net gains/(losses) on
investments							361 714
NET INCOME/(EXPENDITURE)			(1,990,191)	557,994	31,330	(1,400,867)	128,390
Reconciliation offunds
Total funds brought forward			14,596,706	6,395,812	3,441,557	24,434,075	24,305,685
Total funds carried forward			12,606,515	6,953,806	3,472,887	23,033,208	24,434,075

					Restricted	Restricted		Total
			Curial	Parochial		funds		funds
				5		f
Income and endowments		from:
Donations and legacies			114,025	3,080,763		495,103	3,689,891
Chantable Activities			121,899	498,884		187,367		808,150
Other trading activities Investment income Revaluation ofassets			63,978 225,101 220,418	316,319 8,469 120,000				380,297 233,570 340418
Total			745,421	4,024,435		682,470	5,452,326
Expenditure on
Raising funds			3,163	15,218		3,929		22,310
Charitable Activities			1,682,443	3,467,910		512,987	5,663,340
Total			1,685,606	3,483,128		516,916	5,685,650
Net gains/(losses) on
mvestments			361,714					361,714
NET INCOIIIE/(EXPENDITURE)			(578,471)	541,307		165,554		128,390
Transfers between funds
Net movement in funds			63,117	(100,281)		165,554		128,390
Reconciliation offunds
Total funds brought	forward		13,892,001	7,137,681	3,276,003		24,305,685
Total funds carried forward					3.	,»,		.Q

					2023	2022
					Total	Total
		Notes	Curial 6	Parochial 2	funds 6	fundsf
Fixed assets
Tangible assets Investments		9	9,494,941		9,494,941	9,814,410
investments Investment property		10 11	7,680,338 1 650000		7,680,338 1 650,000	8,232,484 1,650 000
			18,825,279		18,825,279	19,696,894
Current assets
Debtors Short Term Deposits		12	665,058		665,058	570,575
Cash at bank and	in hand		1,383,349	2,277,666	3,661,016	4,267,464
Creditors			2,048,407	2,277,666	4,326,074	4,838,039
Amounts falling due within one
year		13	(118,145)		(118,145)	(100,858)
Net current assets			1,930,263	2,277,666	4,207,929	4,737,181
Total assets less	current
liabilities			20,755,541	2,277,666	23,033,208	24,434,075
Inter Fund Balances		14	(4,985,143)	4,985,143
NET ASSETS			17,160,154	7,273,921	23,033,208	24,434,075
Funds		15
Unrestricted funds Restricted funds			12,587,931 3,182,469	6,972,392 290,416	19,560,321 3,472,887	20,922,518 3,441,557
Total funds			15,770,400	7,262,808	23,033,208	24,434,075

		Archdiocese ofCardiff
		Statement ofCash Flows
		for the Year Ended 31 March	2023
			2023	2022
		Notes
Cash flows from operating	activities
Cash generated from operations		~850,707)		~566,818)
Net cash used in operating	activities	~850,707)		~566,818)
Cash flows from investing	activities
Purchase oftangible fixed assets Sale oftangible fixed assets				(610,000) 491,876
Sale offixed asset investments				502,705
Dividends, interest and rents from inves			244,259	233,570
Net cash provided by investing activities			244,259	618,151
Change in cash and cash	equivalents	in
the reporting period			(606,448)	51,333
Cash and cash equivalents	at the
beginning ofthe reporting	period		4,267,464	4,216,131
Cash and cash equivalents	at the end	of
the reporting period			3,661,016	4,267,464

	for the Ye	ar Ended 31 INarch 2023
	Reconciliation of net (expenditure)/income	to net cash flow from operating	activities
			2023	2022
				6
	Net (expenditure)/income forthe reporting Statement of Financial Activities) Adjustments for:	period (as per the	(1,400,867)	128,390
	Depreciation charges		319,469	320,270
	Losses/(gain) on investments Profit on disposal offixed assets Dwidends &interest from investments (Increase)/decrease in debtors Increase/(decrease) in creditors		552,146 (244,259) (94,483) 17,287	(432,552) (235,418) (233,570) 90,384 ~204,322)
	Net cash used in operations		~850,707)	~566,818)
2.	Analysis ofchanges in net funds
		At 1.4.22 5	Cash flow 5	At 31.3.23 f
	Net cash
	Cash at bank and in hand	4,267,464	~606,448)	3,661,016
		4,267,464	~606,448)	3,661,016
	Total	4,267,464	~606,448)	3,661,016

						(note 5)
			Direct	Direct	Direct	Allocated	Total	Total
			Personnel f	Premises	Other	Support f	2022 f	2023 f
Charitable Activities
Provision		for Worship	526,237	2,520,166	676,348	392,648	4,115,399	4,185,893
Ministry		Support	106,685	207,437	380,372	73,251	767,745	689,569
Pastoral		8 Community		106,965	467,155	60,551	634,671	636,213
Education					164,216	17,320	181,536	149,765
Raising		Funds				3,619	3,619	1,900
			632,922	2,834,568	1,688,091	547,389	5,702,970	5,663,340
Raising		Funds
Appeal	Costs						34,301	22,310
							34,301	22,310
			632,922	2,834,568	1,688,091	347,389	5,702,970	5,685,650

		Provision		Pastoral
		for	Ministry	&		Raising	Total	Total
				Communit	Educatio
		Worship f	Support	y f	n f	Funds f	2023	2022 f
	Governance	103,919	19,386	16,025	4,584	958	144,872	83,675
	Finance Information	34,257	6,391	5,283	1,511	316	47,758	60,467
	Technology	35,248	6,576	5,436	1,555	325	49,140	37,524
Premises Costs		47,357	8,835	7,303	2,089	436	66,020	62,408
Human	Resources	171,867	32,063	26,504	7,581	1,584	239,599	202,202
		392,648	73,251	60,551	17,320	3,619	547,389	446,276

Staff Costs						2023 6	2022 6
Cmia Government	grant					866,235	747,235
Padishes (inc.		Clergy Allowances)				523,653	479,190
						1,389,888	1,226,425
Allocated HR		support staff costs	including	in the above:
Wages and Employem'	salaries Nl					204,857 34,742	172,851 29,351
						239,599	202,202
The average	monthly number ofemployees			during	the year was as follows:	2023	2022
Departments						26	26
Parish						16	16
							42
No employees		received emoluments	in excess of		660,000.

				Quoted
				Investments
				6
Market value
At 1 April 2022 Revaluations				8,232,484 ~552, 146)
At 31 March 2023				7,680,338
Net book value
At 31 March 2023				7680338
At 31 March 2022				8,232,484
There were no investment		assets outside the UK.
Cost or valuation	at 31 March 2023 is represented		by:
				Quoted
				Investments
				6
Valuation in 2022 Valuation in 2023				8,232,484 ~552,146)
				7,680,338

11.	Investment property
	Fair value
	At 1 April2022
	and 31 March 2023					1,650,000
	Net book value
	At 31 March 2023					1,650,000
	At 31 March 2022					1,650,000
	Fair value at 31 March 2023 is represented			by
	Valuation in 2022					1,650,000
12.	Debtors
					2023	2022
	Amounts falling due within		one year:
	Other debtors Unsecured concessionary		loans		260,798	143,515
	to pdests, etc.				6,517	9,317
					267,315	152,832
12.	Debtors - continued
					2023 5	2022 f
	Amounts falling due after more than one year
	Other debtors				397,743	417,743
	Aggregate amounts				665,058	570,575
13.	Creditors: amounts	falling due within one year
					2023 f	2022
	Other creditors Short Term Loans				103,345 700	86,058 700
	Accrued expenses				14,100	14,100
					118,145	100,858
14.	Inter fund balances
					2023	2022
	Parish Deposit Accounts * Parish Loan Accounts				6,545,565	6,599,971
					4,985,143	4,980,099

Movement in funds
		Net
		movement	At
	At 1.4.22	in funds	31.3.23
Unrestricted funds	6		5
Curial Parochial Housekeepers' Pension Fund Sea Mission Clergy Welfare Fund Schools Development Fund	13,212,017 6,395,812 187,947 18,397 70,239 196,768	(1,986,086) 557,994 (4,105)	11,225,931 6,953,806 183,842 18,397 70,239 196,768
Campaign Fund	659,837		659,837
Property Fund insurance Reserve Fund Cathedral Development Fund	107,261 24,240 120000		107,261 24,240 120000
Restricted funds	20,992,518	(1,432,197)	19,560,321
Priest Training Fund Poor Missions	1,119,806 746,241	6,566	1,126,372 746,241
Endowed Missions &Masses Overseas Mission Fund Sick & Retired Clergy Fund	59,900 75,073 205,381		59,900 75,073 205,381
Archbishop Murphy Fund	624,533		624,533
Mensal Fund Our Lady ofVocations Fund Cathedral Restoration Fund Pastoral Strategy Fund Catholic Care ofthe Deaf Fund Sensory Garden Syrian Refugee Family Support Special Collections Third Sector Resilience Fund National Schools Singing Programme World Youth Day Ukraine Family Refuge Fund	52,586 2,713 7,099 21,610 204,316 9,255 14,851 236,521 36,672 25,000	421 (1,773) (1,356) (8,000) 53,895 (23,562) 2,990 2 149	52,586 2,713 7,520 21,610 202,543 7,899 6,851 290,416 13,110 25,000 2,990 2 149
	3,441,557	31,330	3,472,887
TOTAL FUNDS

Net movement in funds, included in the abo	ve are as follows:
	Incoming	Resources	Gains and	Movement
	resources 6	expended 6	losses	in funds
Unrestricted funds
Curial Parochial Housekeepers' Pension Fund	500,518 3,743,622	(1,965,108) (3,185,628) ~4,105)	(521,496)	(1,986,086) 557,994 ~4,105)
Restricted funds	4,244,140	(5,154,841)	(521,496)	(1,432,197)
Priest Training Fund Sick8 Retired Clergy Fund Cathedral Restoration Fund	41,925 77,182 421	(35,359) (77,182)		6,566 421
Catholic Care ofthe Deaf Fund Sensory Garden Syrian Refugee Family Support Special Collections HLF Building Resilience Third Sector Resikence Fund World Youth Day UKRAINE REFUGEE FAMILY FUND	21 396,348 55,655 11,891 24,612 5,668	(1,794) (1,356) (8,000) (342,453) (55,655) (35,453) (21,622) ~3,519)		(1,773) (1,356) (8,000) 53,895 (23,562) 2,990 2,149
	613,723	~582,393)		31,330
TOTAL FUNDS	4,857,863	~5,737,234)	~521,496)	~1,400,867)

		Net	Transfers
		movement	between	At
	At 1.4.21	in funds	funds	31.3.22
	f	6		6
Unrestricted funds
Curial Parochial Housekeepers' Pension Fund Sea Mission	12,493,306 7,137,680 191,953 28,397	(564,465) 541,307 (4,005) (10,000)	641,588 (641,588)	12,570,429 7,037,399 187,948 18,397
Clergy Welfare Fund Schools Development Fund	70,239 196,768			70,239 196,768
Campaign Fund	659,837			659,837
Property Fund	107,261			107,261
Insurance Reserve Fund	24,240			24,240
Cathedral Development Fund	120,000			120,000
Restricted funds	21,029,681	(37,163)		20,992,518
Pdiest Training Fund Poor Missions	1,068,170 746,241	51,634		1,119,804 746,241
Endowed Missions &Masses Overseas Mission Fund Sick 8 Retired Clergy Fund	59,900 75,072 126,506	78,877		59,900 75,072 205,383
Archbishop Murphy Fund	624,533			624,533
Mensal Fund Our Lady ofVocations Fund Cathedral Restoration Fund Pastoral Strategy Fund Catholic Care ofthe Deaf Fund Sensory Garden	52,586 2,713 6,667 21,610 206,337 10,398	431 (2,020) (1,143)		52,586 2,713 7,098 21,610 204,317 9,255
Syrian Refugee Family Support Speaal Collections Third Sector Resilience Fund National Schools Singing Programme	14,851 260,420	(23,898) 36,672 25,000		14,851 236,522 36,672 25 000
	3276 004	165553		3441 557
TOTAL FUNDS	24,305,685	128,390		24,434,075

Comparative net movem	ent in funds, includ	ed in the above are	as follows:
		Incoming	Resources	Gains and	Movement
		resources E	expended 6	losses f.	in funds 8
Unrestricted funds
Cunal Parochial Housekeepers' Pension Sea Mission	Fund	745,421 4,024,435	(1,671,600) (3,483,128) (4,005) ~10,000)	361,714	(564,465) 541,307 (4,005) ~10,000)
Restricted funds		4,769,856	(5,168,733)	361,714	(37,163)
Pdiest Training Fund Sick & Retired Clergy Fund Cathedral Restoration Fund		75,895 214,680 431	(24,261) (135,803)		51,634 78,877 431
Catholic Care ofthe Deaf Fund Sensory Garden Special Collections NLCF Food Poverty		4,109 240,988 35,848	(6,129) (1,143) (264,886) (35,848)		(2,020) (1,143) (23,898)
HLF Building Resilience Third Sector Resdience National Schools Singing	Fund Programme	48,847 36,672 25,000	(48,847)		36,672 25,000
		682,470	~516,917		165,553
TOTAL FUNDS		5,452,326	(5,685,650)	361,714	128,390