|Contents ofthe Financial Statements||||
|---|---|---|---|
|for the Year Ended 31 March 2023||||
|||Page||
|Reference and Administrative<br>Details||||
|Report ofthe Trustees|2|to|7|
|Statement ofTrustees' Responsibilities||||
|Report ofthe Independent<br>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|





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||||for the Year|Ended 31 March|2023|||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||||Restricted|Total|Total|
|||Notes|Curial|Parochial<br>f|funds<br>f|funds<br>f|funds|
|Income and endowments|from|||||||
|Donations<br>and legacies|||25,535|2,871,319|522,537|3,419,391|3,689,891|
|Charitable<br>activities||||||||
|Chantable<br>Activities|||139,854|402,349|91,186|633,389|808,150|
|Other trading<br>activities<br>Investment<br>income<br>Other income|||90,870<br>244,259|464,691<br>5,263||555,561<br>249,522|380,297<br>233,570<br>340418|
|Total|||500,518|3,743,622|613,723|4,857,863|5,452,326|
|Expenditure<br>on||||||||
|Raising funds||4|5,318|28,983||34,301|22,310|
|Charitable<br>activities||||||||
|Charitable<br>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)<br>on||||||||
|investments|||||||361 714|
|NET INCOME/(EXPENDITURE)|||(1,990,191)|557,994|31,330|(1,400,867)|128,390|
|Reconciliation<br>offunds||||||||
|Total funds brought<br>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|





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||||||Restricted|Restricted||Total|
|---|---|---|---|---|---|---|---|---|
||||Curial|Parochial||funds||funds|
|||||5||f|||
|Income and endowments||from:|||||||
|Donations<br>and legacies|||114,025|3,080,763||495,103|3,689,891||
|Chantable<br>Activities|||121,899|498,884||187,367||808,150|
|Other trading<br>activities<br>Investment<br>income<br>Revaluation<br>ofassets|||63,978<br>225,101<br>220,418|316,319<br>8,469<br>120,000||||380,297<br>233,570<br>340418|
|Total|||745,421|4,024,435||682,470|5,452,326||
|Expenditure<br>on|||||||||
|Raising funds|||3,163|15,218||3,929||22,310|
|Charitable<br>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)<br>on|||||||||
|mvestments|||361,714|||||361,714|
|NET INCOIIIE/(EXPENDITURE)|||(578,471)|541,307||165,554||128,390|
|Transfers<br>between funds|||||||||
|Net movement<br>in funds|||63,117|(100,281)||165,554||128,390|
|Reconciliation<br>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<br>6|Parochial<br>2|funds<br>6|fundsf|
|Fixed assets|||||||
|Tangible assets<br>Investments||9|9,494,941||9,494,941|9,814,410|
|investments<br>Investment<br>property||10<br>11|7,680,338<br>1 650000||7,680,338<br>1 650,000|8,232,484<br>1,650 000|
||||18,825,279||18,825,279|19,696,894|
|Current assets|||||||
|Debtors<br>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<br>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<br>funds<br>Restricted funds|||12,587,931<br>3,182,469|6,972,392<br>290,416|19,560,321<br>3,472,887|20,922,518<br>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<br>from operations||~850,707)||~566,818)|
|Net cash used<br>in operating|activities|~850,707)||~566,818)|
|Cash flows from investing|activities||||
|Purchase<br>oftangible<br>fixed assets<br>Sale oftangible<br>fixed assets||||(610,000)<br>491,876|
|Sale offixed asset investments||||502,705|
|Dividends,<br>interest and rents from inves|||244,259|233,570|
|Net cash provided<br>by investing<br>activities|||244,259|618,151|
|Change<br>in cash and cash|equivalents|in|||
|the reporting<br>period|||(606,448)|51,333|
|Cash and cash equivalents|at the||||
|beginning<br>ofthe reporting|period||4,267,464|4,216,131|
|Cash and cash equivalents|at the end|of|||
|the reporting<br>period|||3,661,016|4,267,464|





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





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|||||||(note 5)|||
|---|---|---|---|---|---|---|---|---|
||||Direct|Direct|Direct|Allocated|Total|Total|
||||Personnel<br>f|Premises|Other|Support<br>f|2022<br>f|2023<br>f|
|Charitable<br>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|



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|||Provision||Pastoral|||||
|---|---|---|---|---|---|---|---|---|
|||for|Ministry|&||Raising|Total|Total|
|||||Communit|Educatio||||
|||Worship<br>f|Support|y<br>f|n<br>f|Funds<br>f|2023|2022<br>f|
||Governance|103,919|19,386|16,025|4,584|958|144,872|83,675|
||Finance<br>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|



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|Staff Costs||||||2023<br>6|2022<br>6|
|---|---|---|---|---|---|---|---|
|Cmia<br>Government|grant|||||866,235|747,235|
|Padishes (inc.||Clergy Allowances)||||523,653|479,190|
|||||||1,389,888|1,226,425|
|Allocated<br>HR||support staff costs|including|in the above:||||
|Wages and <br>Employem'|salaries<br>Nl|||||204,857<br>34,742|172,851<br>29,351|
|||||||239,599|202,202|
|The average|monthly<br>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.|||



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|||||Quoted|
|---|---|---|---|---|
|||||Investments|
|||||6|
|Market value|||||
|At 1 April 2022<br>Revaluations||||8,232,484<br>~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<br>in 2022<br>Valuation<br>in 2023||||8,232,484<br>~552,146)|
|||||7,680,338|





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





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





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





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





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





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