| Page | Contents |
|---|---|
| Introduction -Diocesan Administrator |
|
| 4 —20 | Annual Report |
| 21-23 | Independent Auditors' Report |
| 24-25 | Group Statement ofFinancial Activities 2023 |
| 26-27 | Charity and Group Balance Sheet |
| 28 | Group Statement ofCash Flows |
| 29-56 | Notes to the Accounts |
| Charitable | Charitable | Objective | Public Benejitprovided | |
|---|---|---|---|---|
| No fees are payable in respect of any of the religious services provided in the diocese, although donations are |
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| accepted, and so access to the services is never restricted on the grounds ofability to pay. In addition, members of |
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| the Catholic community are encouraged, through their faith, to contribute towards a better society by becoming |
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| active volunteers for the Common Good through membership of numerous non-Church charities, societies and |
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| groups and through participation in the wider civil society, through voluntary work, membership of governing |
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| bodies, magistrates, membership ofIndependent Monitoring Boards ofprisons and in politics and in other ways. |
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| Besides the work that is being accomplished in parishes, the central services ofthe diocese also offers various |
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| support and at the same time started key programmes to help encourage and nurture parishioners' faith so that |
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| they can better serve the Common Good, including the support for Maniage and Family Life. |
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| Marriage and Family Life - Families figure prominently in the life ofthe Catholic Church, so that the Church |
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| can be a place where family life is nurtured and supported. During the year, 105 maniages (105 in the previous |
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| year) were celebrated in the parishes. A variety of assistance and support is of'ared, starting with marriage |
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| preparation for engaged couples, which can be provided by the Parish Priest, and / or by teams oflay volunteers. |
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| Post wedding, the Church continues to offer support programmes such as Retrouvai ge aud Encounter. |
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| When children enlarge a family, the Church continues to walk with families in its catechetical programmes. |
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| Parents who wish to have their children baptised in the Church are offered baptismal preparation sessions that aim |
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| to prepare them for the responsibility ofraising Catholic children, and also to show them the ways in which the |
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| practice ofthe Catholic faith strengthens the family. 455 baptisms took place in the parishes during the year (338 |
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| in the previous year). The Catechism ofthe Catholic Church states that parents are the first educators of their |
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| children in the faith, and baptismal preparation is one ofthe ways the Church supports them in this role. There is |
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| also a growing trend towards family catechesis in the broader Church, and within the Diocese. Family catechesis |
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| is faith education given to different generations of the family together. Most commonly this is undertaken in |
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| connection with the sacramental preparanon ofa cluld. When a child begins preparation for his or her First Holy |
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| Communion, for example, the parents (or sometimes grandparents) are invited to shared or parallel sessions. This |
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| is in part in response to the lack ofconfidence expressed by many parents concerning their ability to transmit the |
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| substance ofthe Catholic faith to their children, but the enthusiasm with which families approach these courses |
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| speaks ofthe value they place on Catholic family life. 530 First Communions were held during the year (393in |
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| the previous year). |
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| Provision, | maintenance | and | At 31 March 2023 there were approximately 100 churches or public chapels and over 70 presbyteries provided |
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| upkeep ofChurches, Public | under this aim. The diocese has expended K2.158 million (K4.203 million in the previous year) on refurbishments, |
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| Chnpels and | maintenance and repairs to church buildings, presbyteries and halls. This level of expenditure reflects the |
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| Presbyteri | es...... | importance that the diocese attaches to maintaining its sacred places ofcelebrations. |
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| The public benefit provided is through the provision of safe and worthy places of assembly for the Catholic |
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| community and through upkeep and public access to such buildings, many ofwhich are listed as being ofspecial |
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| or historical architectural interest. The provision ofplaces ofworship encourages and facilitates the practice ofthe |
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| religion by existing followers and adherents as well as allowing all people to enter and benefit I'rom personal, |
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| spiritual contemplation. The proper care of such buildings for current and future generations is safeguarded |
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| through the Diocese's formal approval procedures with the direction ofthe Diocesan Property Commission. The |
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| responsible care ofthe Diocesan Trust for its 23 listed buildings is also exercised through the Historic Churches |
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| Committee of the five dioceses in southern England, including Plymouth. The Historic Churches Committee's |
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| specific approval must be obtained in the place oflisted building consent under the ecclesiastical exemption. The |
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| Trust is represented on that Committee. |
| OBJECTIVES AND ACTI | VITIES OF THE CHARITY FORPUB | LIC BENEFIT continued | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Charitable Objecu've |
Public Benefit provided | ||||||||||
| The public benefit is also served through | the emphasis given by the Corporate Trustee to its moral and legal |
obligations | |||||||||
| to ensure the safety ofall who have access to the buildings. As aresult, systems have |
been put | in place | to make sure that | ||||||||
| regular building condition surveys are carried out and that the implementation |
ofrecommended | work | is being | monitored. | |||||||
| The Corporate Trustee effect insurance |
cover in respect of the Trust's buildings, |
so that public access | should not |
be | |||||||
| unduly restricted by lack offunds to repair orrestore buildings harmed as aresult of |
accidental | or other | damage. | ||||||||
| Tlie acquisition of | |||||||||||
| sites.......and the erecu'on, | This is a very major area ofwork funded | through the Trust. The maintenance |
and development | ofchurches | so that they | ||||||
| restoring, altering, enlarging, mai ntaini ng and repairing ofany buildings for any ofsuch (Roman |
can be worthy places in which to worship according to changing needs is seen as being fundamental to relate what is being offered by the Diocese snd its parishes to the people they serve. The Church must be prepared to change to do this, and be in places where people can be accompanied through their lives as they are actually lived. A considerable |
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| Catholicj purposes. | proportion of parish expenditure is on |
building enlargement, alteration |
or repair | and renewal. |
Curial | support | is | ||||
| sometimes financial but is also given through the support and advice ofthe |
Diocesan | Property | Commission. | The public | |||||||
| benefits not only result &om an inclusive | and diverse community having appropriate |
places in which | to worship, but also | ||||||||
| more generally because the buildings are |
signs ofcontinuity &om times past |
through | to the present | and looking forward | |||||||
| to the future. They are conspicuous symbols ofthe structure in our lives that |
helps bind our society together. | ||||||||||
| Theprovision ofcolleges for the training of priests...... |
No such colleges are located within the Diocese ofPlymouth, but support is given to the United Kingdom and abroad through payment offees for the training ofcandidates |
such colleges located for the priesthood. |
elsewhere in The Church's |
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| teaching is that only males can be considered for such training, but fees for traimng |
are paid | by the | Charity | so that | no | ||||||
| candidate is prevented &om pursuing his |
calling through lack offunds. | ||||||||||
| Theprovision of, or |
Priests in active ministr | ||||||||||
| contribution towards, the stipends and payments in the nature ofapension of |
The main support ofpriests and those who fulfil lay ministries is provided by the Trust through year, the diocese incurred the following expenditure in support ofpriests in active ministry: |
the | parishes. | During | the | ||||||
| priests, teachers, organists, | |||||||||||
| choristers and other officers and assistants of |
Support payments to priests in active ministry 2023 2022 |
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| the Roman Catholic | C000 C000 |
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| Church in the Diocese. | |||||||||||
| Allowances | 239 248 |
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| Housekeeping | 127 125 |
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| Travel | 118 109 |
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| Miscellaneous | 47 40 |
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| Total | 531 522 |
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| Number ofpriests in active ministry | 2023 2022 |
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| On active work in the Diocese | 40 43 |
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| OI | |||||||||||
| From other dioceses | 12 14 |
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| From the Ordinariate | |||||||||||
| From Religious Orders | 28 | ||||||||||
| Total | 83 79 |
| Chori table Objecdre | Chori table Objecdre | Chori table Objecdre | Public Benefit provided |
|---|---|---|---|
| Priests who have resi ned from active minie | |||
| The provision of grants to those who have resigned fiom active ministry is generally through the Plymouth Secular |
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| Clergy Fund (registered charity number: 213232). Each year collections are made, generally following church services, |
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| throughout the Diocese. Provision is also made to cover similar payments to the Bishop when he steps down from ec- |
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| clesiastical ofiice. | |||
| During the year, the Diocesan Trust incurred 680k (2022:g130k) ofcosts in relation to priests who have resigned fiom |
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| ministry but who were not eligible to receive the benefits offered by the Plymouth Secular Clergy Fund. The published |
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| accounts ofPlymouth Secular Clergy Fund (registered charity number: 213232)for the year ended 31March 2023 show |
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| the following: | |||
| 2023 2022 |
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| Allowances paid to priests f309,886 f311,648 |
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| Number ofpriests that received allowances 28 32 |
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| Employment practice is supported and monitored for all employees, both curial and parochial, through the services of |
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| the Human Resources Olfice (and the strategic direction ofthe HR Sub-Committee) who, together with the curia ad- |
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| ministrative staff, ensure that contributions and pensions are paid when appropriate and that correct statutory returns |
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| and payments are made. The Delegates and the Chief Operating Officer work together so that the dunes ofthe curial |
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| administrative staff employed in secretarial, finance, property and human resources are aligned to ensure public benefit |
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| is provided through proper governance and the proper stewardship ofthe Trust*s resowces. |
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| The prmision, maintenance and upkeep ofschools and colleges for the gen- |
The Roman Catholic schools in the Diocese provide the environment where children leam snd develop across a wide spectrum ofdisciplines, such as the academic disciplines, sports, music, and practical subjects. In line with the national Catholic agenda, the Trustees are committed towards ensuring that Catholic schools should offer the opportunity for |
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| eral educadon | both | students to collaborate with others for the common good of all, and ultimately to become confident snd responsible |
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| religious and secular, or religious orsecu- |
citizens striving for the good ofsociety. | ||
| lar, ofchildren | or | As at 31March 2023, the following Catholic schools were in the Diocese: |
|
| young persons mem- bers ofthe Roman |
In Plymouth CAST*, 32Catholic primary schools, 2 Catholic secondary schools and 1pre-school |
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| Catholic Church ei- | |||
| ther with or without | Joint schools —2Joint Catholic snd Church ofEngland maintained secondary schools |
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| other chil dren | or | ||
| young persons. | Independent schools —2 Independent Catholic schools |
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| *The 32 Catholic primary schools, the 2 Catholic secondary schools and the pre-school are contained in a single multi- |
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| academy trust, Plymouth CAST, which is a separate legal entity limited by guarantee and is also an exempt Charity |
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| under the Charities Act 2011. | |||
| The Diocese provides its support through the work ofthe Diocesan Schools Commission, which seeks to support the |
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| local governing bodies, head teachers and staff in maintaining and developing the Catholic ethos ofthe schools and in |
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| managing and developing their sites and buildings. Also, the parishes support these schools through substantial involve- |
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| ment in the local governing bodies and occasionally with finance. The public benefit is provided through the Church |
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| being a partner ofthe State in the provision ofeducation within the state-maintained sector, and through the direct and |
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| indirect teaching ofCatholic values to all who are involved with the school communities, including pupils, staff, parents |
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| and families. This work contributes directly to the spiritual and moral education ofchildren. Not all pupils or stafi'at the |
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| schools are Catholic; approximately two-thirds ofpupils are non-Catholic. The schools are socially diverse and inclu- |
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| sive and often are placed in areas ofsocial deprivation. |
| Curia | Parochial | Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | Change | 2023 | 2022 | Change | 2023 | 2022 | Change | |||||
| g&000 | 8'000 | 8'000 | 8'000 | 8'000 | 8'000 | 8'000 | 8'000 | g&000 | |||||
| Income | |||||||||||||
| Donations and legacies |
(Note 2) | ||||||||||||
| Donations | 136 | 794 | (658) | 3,191 | 3,144 | 47 | 3,327 | 3,938 | (611) | ||||
| Legacies | 620 | 82 | 538 | 522 | 716 | (194) | 1,142 | 798 | 344 | ||||
| Grants | 126 | (121) | 501 | 853 | (352) | 506 | 979 | (473) | |||||
| 761 | 1,002 | (241) | 4,214 | 4,713 | (499) | 4,975 | 5,715 | (740) | |||||
| Charitable activities |
(Note 3) | ||||||||||||
| Fundraising | (5) | 142 | 77 | 65 | 142 | 60 | |||||||
| Rental income | 2 | 682 | 562 | 120 | 688 | 566 | 122 | ||||||
| Other chtmtable | activities | 22 | 21 | (8) | 253 | 115 | 138 | 275 | 136 | 130 | |||
| 28 | 30 | 935 | 754 | 323 | 963 | 784 | 312 | ||||||
| Turnover oftrading |
subsidiary | 165 | 99 | 165 | 99 | 66 | |||||||
| Investment income |
554 | 529 | 25 | 363 | 325 | 38 | 917 | 854 | 63 | ||||
| Other | 36 | (36) | 30 | 260 | (230) | 30 | 296 | (266) | |||||
| 719 | 664 | 59 | 393 | 585 | (198) | 1,112 | 1,249 | (137) | |||||
| Total income | 1&508 | 1,696 | (188) | 5,542 | 6,052 | (510) | 7&050 | 7,748 | (698) | ||||
| Expenditure | |||||||||||||
| Fundraising costs |
212 | 148 | 64 | 205 | 186 | 19 | 417 | 334 | 83 | ||||
| Cost ofsales oftrading | subsidiary | 156 | 139 | 17 | 156 | 139 | 17 | ||||||
| Share ofnet loss in | Joint Venture | 7,456 | 7,456 | 7,456 | 7,456 | ||||||||
| Provision for worship |
&.Liturgy | 449 | 386 | 4,990 | 4,532 | 458 | 5,440 | 4,918 | 522 | ||||
| Ministry support | 493 | 469 | 25 | 976 | 908 | 68 | 1,470 | 1,377 | 93 | ||||
| Pastoral &commumty | 950 | 719 | 231 | 121 | 91 | 30 | 1,071 | 810 | 261 | ||||
| Evangelisation and |
Youth | 189 | 163 | 26 | 189 | 163 | |||||||
| Caritas | 214 | 209 | 214 | 209 | |||||||||
| Faith &vocational | discernment | 127 | 72 | 55 | 127 | 72 | 55 | ||||||
| Diocesan Education | 314 | 341 | (27) | 323 | 348 | (25) | |||||||
| Total expenditure | 10,560 | 2,646 | 7,914 | 6,301 | 5,724 | 578 | 16,861 | 8,370 | 8,491 | ||||
| Net income/(expenditure) gains / trfs. |
before | (9,052) | (950) | (8,102) | (759) | 328 | (1,087) | (9,811) | (622) | (9,189) | |||
| (Losses) / Gains and | transfers | (1,877) | 3,564 | (5,441) | (452) | 1,350 | (1,802) | (2,329) | 4,914 | (7,243) | |||
| Net (expenditure)/income | (10,929) | 2,614 | (13,543) | (1,211) | 1,678 | (2,889) | (12,140) | 4,292 | (16,432) |
| Curia | Parochial | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | Chan e |
2023 | 2022 | Chan e |
2023 | 2022 | Chan e |
|
| g'000 | 5'000 | 5'000 | f.'000 | f.'000 | f.'000 | f.'000 | 8'000 | 5'000 | |
| Tangible fixed assets | 4,908 | 4,887 | 21 | 29,518 | 29,348 | 170 | 34,426 | 34,235 | 191 |
| Joint Venture investment | (2,000) | 5,206 | (7,206) | (2,000) | 5,206 | (7,206) | |||
| Properties awaiting sale |
1,200 | 2,678 | (1,478) | 1,200 | 2,678 | (1,478) | |||
| Investments | 28,525 | 27,450 | 1,075 | 20,298 | 21,733 | (1,435) | 48,823 | 49,183 | (360) |
| Total lixed assets | 32,633 | 40,221 | (7,588) | 49,816 | 51,081 | (1,265) | 82,449 | 91,302 | (8,853) |
| Debtors | 1,564 | 1,074 | 490 | 704 | 927 | (223) | 2,268 | 2,001 | 267 |
| Cash at bank | 7,104 | 10,971 | (3,867) | 6,510 | 6,653 | (143) | 13,614 | 17,624 | (4,010) |
| 8,668 | 12,045 | (3,377) | 7,214 | 7,580 | (366) | 15,882 | 19,625 | (3,743) | |
| Creditors (inc. long term) | 16 | (536) | 552 | (1,288) | (1,192) | (96) | (1,272) | (1,728) | (456) |
| Bank overdrafis | (6,500) | (6,500) | (6,500) | (6,500) | |||||
| (6,484) | (7,036) | 552 | (1488) | (1,192) | (96) | (7,772) | (8,228) | (456) | |
| Total Funds | 34,817 | 45,230 | (10,413) | 55,742 | 57,469 | (1,727) | 90,559 | 102,699 | (12,140) |
| llio | n (f50.74 m | illion in 20 | 22), as demonstrat | ed below: |
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|---|---|---|---|---|---|---|---|---|---|---|
| Curial and subsidiaries |
Parochial | Group Total |
Total Last Year |
Note to the Accounts |
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| f.'000 | g'000 | f.'000 | 0'000 | |||||||
| ~ | Permanent | endowment | funds | 1,631 | 719 | 2,350 | 2,372 | 19 | ||
| ~ | Restricted funds | 7,807 | 7,644 | 15,451 | 15,329 | |||||
| ~ | Unrestricted | funds not | readily available | for spending, | specifically | 19 | ||||
| ~ | Fixed assets held for charity use | 3,724 | 29,518 | 33,242 | 33,041 | 19 | ||||
| 13,162 | 37,881 | 51,043 | 50,742 |
| Plymouth Diocesan Trust |
is | the charity ofthe Roman Catholic | Diocese ofPlymouth, established by a Trust Deed dated 15 April1931, as amended on |
Diocese ofPlymouth, established by a Trust Deed dated 15 April1931, as amended on |
|---|---|---|---|---|
| 29 November 1971 and 27 |
September 2001. The assets of |
the diocese are held subject to that deed. The Charity is registered wih the Charity |
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| Commission (Registration |
number 213227).By a certificate |
dated 12 June 1931,the Trustees ofPlymouth Diocesan Trust are retjstered as a body |
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| corporate known as Plymouth | Roman Catholic Diocesan Trustees Registered. | |||
| The diocesan boundaries | include the counties ofCornwall, Devon and Dorset and recent statistics showed the number ofmass atenders was 9,600 |
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| spread through 61 parishes, |
stretching from the Holy Family |
parish, Penwith, (that includes Penzance, |
St Ives, Hayle and theIsles ofScilly), in the affect |
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| west, to parts of Bournemouth in the east. The diocese is divided into 5 deaneries: Dorset, Exeter (North and East Devon), Tirbay, Plymouth and |
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| CornwalL | ||||
| The affairs of the Trust are | managed in several areas as illustrated below, and the accounts of all the |
areas as they th Diocese are brought |
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| together in the Group Accounts: | ||||
| PLYMOUTH DIOCESAN TRUST CHARITABLE GROUP | ||||
| Charity | Plymouth RCDiocesan | Non-charitable Subsidiary Undertakings |
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| Common Investment Fund (CIF) |
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| Curia | Parishes | |||
| The Curia is the central | Parishes are the focal point of |
The Common Investment Fund was |
Diocesan Trading Limited | |
| administrative hub ofthe |
each community. Each pansh |
established by Charity |
Diocesan Trading Limited, a company |
|
| Diocese and exists to support the mission of |
is where Catholics come together each Sunday to |
Commissioners' Order dated 7 February 1977. This Order |
registered in England and Wales (Regd. 02564900) is a wholly-owned subsidiary |
|
| the Church which is |
worship, and where children |
established a scheme whereby |
company of Plymouth Diocesan Trust, and |
|
| carried out in the parishes and schools of |
are educated in the Faith. It is also the base &om which the |
Plymouth Diocesan Trust may consolidate investments and moneys |
it is used for trading and income-generating activities so that the risks ofthose activities |
|
| the Diocese, and to promote good practice and ofier training and |
community reaches out to others of all faiths and none, caring for those in need, |
belonging to Charities into one combined pooL The scheme is a Common Investment Fund within the |
do not directly impact upon the Diocese. Ansteys Cove Development LLP |
|
| resources to enhance |
working towards the common |
meaning of the Charities Act 2011, |
Ansteys Cove Development LLP is a |
|
| Catholic life. The Bishop | good and celebrating with |
and it is registered with the Charity |
limited liability partnership registered in |
|
| together with the |
neighbours. Parish funds are |
Commission under the same |
England and Wales (Regd. OC420048), set |
|
| Episcopal Vicars and the | used to carry out the work of | registration 213227 as the Diocesan |
up to undertake property development as a |
|
| Chief Operating Officer |
the Diocese at a local level and | Trust. The Fund is designed |
joint venture between Diocesan Trading |
|
| exercise oversight over |
to help fund the Curia. Each |
specifically for the needs of the |
Limited and Dart Abbey Enterprises |
|
| Citria activities, keeping |
parish is required to have a |
Diocese ofPlymouth and its parishes. |
Limited, who are equal members with equal |
|
| in view the good of the | Finance Committee which |
The Trustees have divided the Fund |
voting rights. | |
| Diocese as a whole. Curial funds are used in providing diocese-wide services and pastoral |
meets at least twice per annum to support and advise the parish priest in the areas of finance ailil property. |
into a "Minn Fund" (comprising unrestricted funds and restricted funds, other than permanent endowment funds) and a "Permanent |
St Dominica House Development LLP (Incorporated on 26August 2022) St Dominics House Development LLP is a |
|
| care. | Endowment Fund"; the purpose of this is to allow the two funds to |
limited liability partnership registered in England and Wales (Regd. OC443655, set |
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| follow different investment |
up to undertake property development as a |
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| objectives, although both have now |
joint venture between Diocesan Trading |
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| adopted a Total Return policy. | Limited and Dart Abbey Enterprises |
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| Limited, who are equal members with equal |
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| voting rights. |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Diocesan Priests | |||||||||||
| On active work in the Diocese | 55 | 48 | 51 | 48 | 49 | 47 | 44 | 46 | 45 | 41 | 37 |
| On acnve work outside Diocese | |||||||||||
| Other Priests | |||||||||||
| From other Dioceses | 14 | 10 | 10 | 12 | 14 | 12 | |||||
| From the Ordinariate | |||||||||||
| From Religious Orders | 23 | 22 | 20 | 18 | 20 | 22 | 22 | 19 | 18 | 28 | |
| Permanent Deacons |
|||||||||||
| Diocesan | 23 | 24 | 23 | 28 | 30 | 31 | 31 | 28 | 28 | 27 | 21 |
| From other Dioceses | |||||||||||
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Religious houses | |||||||||||
| Houses ofReligious Men | |||||||||||
| Houses ofRehgious Women | 23 | 21 | 22 | 20 | 19 | 19 | 19 | 19 | 19 | 18 | 15 |
| Curial | and Subsidiaries | and Subsidiaries | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sub- | |||||||||||
| Notes | Unrestricted | Restricted | Endowment | Total | |||||||
| 8'000 | 8'000 | 8'000 | 8'000 | ||||||||
| INCOME AND ENDOWMENTS FROM: | |||||||||||
| Donations and legacies |
85 | 671 | 756 | ||||||||
| Grants receivable | 5 | 5 | |||||||||
| Charitable activities |
20 | 8 | 28 | ||||||||
| Gross trading income | oftrading | subsidiary | 165 | 165 | |||||||
| Investments | 406 | 110 | 38 | 554 | |||||||
| Other | |||||||||||
| Total Income | 676 | 794 | 38 | 1,508 | |||||||
| EXPENDITURE ON: | |||||||||||
| Raising funds | 167 | 45 | 212 | ||||||||
| Cost ofsales oftrading subsidiary |
156 | 156 | |||||||||
| Joint venture —share |
ofnet loss | isa | 7,456 | 7,456 | |||||||
| 7,779 | 45 | 7,824 | |||||||||
| Charitable activities |
|||||||||||
| Provision for worship | &Liturgy | 382 | 449 | ||||||||
| Ministry support |
419 | 74 | 493 | ||||||||
| Pastoral and community | 820 | 130 | 950 | ||||||||
| New evangelisation, | Catecheses | &youth | 189 | 189 | |||||||
| Caritas | 207 | 214 | |||||||||
| Faith &vocational discernment |
42 | 127 | |||||||||
| Diocesan Education | &schools | 291 | 23 | 314 | |||||||
| Total expenditure | 5,6 | 10,172 | 388 | 10,560 | |||||||
| Net (expenditure) / (losses) |
income before other recognised | gains and | (9,496) | 406 | 38 | (9,052) | |||||
| Other recognised gains and (losses) |
|||||||||||
| Gains, losses and revaluations | on properties | 13,15 | (1,514) | (1,514) | |||||||
| Gatns, losses and revaluations | on other investments | 15 | (402) | (15) | (422) | ||||||
| Total | (1,916) | (15) | (1,936) | ||||||||
| Net (expenditure) / |
income after gains and losses | (I1,412) | 401 | 23 | (10,988) | ||||||
| Transfers between Curial Otftce | and | Parishes | 46 | 13 | 59 | ||||||
| Permanent Endowment Fund Transfers |
39 | (39) | |||||||||
| Other transfers between funds |
(44) | ||||||||||
| Net (expenditure) / |
income and | net | movement | in funds | (11,410) | 497 | (16) | (10,929) | |||
| Reconciliation offunds | |||||||||||
| Total funds brought | forward | 36,273 | 7,310 | 1,647 | 45,230 | ||||||
| Total funds carried | forward | 24,863 | 7,807 | 1&631 | 34401 | ||||||
| The results derive from continuing | activities. |
| GRoUP | STATEMENT oF | FINANcIAL AC | TIFITIKs 2023 | |||
|---|---|---|---|---|---|---|
| Notes | Unrestricted I'000 |
Parochial Restricted I'000 |
Endowment I'000 |
Snb- Total I'000 |
O 2023 Total I'000 |
2022 Total I'000 |
| 3,544 | 169 | 3,713 | 4,469 | 4,736 | ||
| 501 | 501 | 506 | 979 | |||
| 904 | 31 | 935 | 963 | 784 | ||
| 165 | 99 | |||||
| 294 | 53 | 16 | 363 | 917 | 854 | |
| 30 | 30 | 30 | 296 | |||
| 4,772 | 754 | 16 | 5,542 | 7,050 | 7,74$ | |
| 173 | 32 | 205 | 417 | 334 | ||
| 156 | 139 | |||||
| isa | 7&456 | |||||
| 173 | 32 | 205 | 8,029 | 473 | ||
| 4,102 | 888 | 4,990 | 5&439 | 4,918 | ||
| 940 | 36 | 976 | 1,469 | 1&377 | ||
| 82 | 39 | 121 | 1,071 | 810 | ||
| 189 | 163 | |||||
| 214 | 209 | |||||
| 127 | 72 | |||||
| 323 | 348 | |||||
| 5,6 | 5,306 | 995 | 6,301 | 16,861 | 8,370 | |
| (534) | (241) | 16 | (759) | (9,811) | (622) | |
| 13 15 |
(40) (163) (203) |
(185) (185) |
(5) (5) |
(40) (353) (393) |
O (1,554) (775) (2829) |
O 2,446 2,46$ 4,914 |
| (737) | (426) | (1,152) | (12,140) | 4,292 | ||
| (135) | (2) | (137) | (78) | |||
| 17 | (17) | |||||
| 42 | 36 | 78 | 78 | |||
| (830) | (375) | (1411) | (12,140) | 4,292 | ||
| 48,725 | 8,019 | 725 | 57,469 | 102,699 | 98,407 | |
| 47,895 | 7,644 | 719 | 56&258 | 90,559 | 102&699 |
| 2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | Curial | Parochial | Charity | Charitable | Group | |||||
| &trading | ||||||||||
| subsidiaries | ||||||||||
| 6'000 | 6'000 | 6'000 | 5'000 | 6'000 | ||||||
| FIXEDASSETS | ||||||||||
| Tangible fixed assets | 12a &.b | 4,375 | 29,518 | 33,893 | 533 | 34,426 | ||||
| Properties awaiting |
sale | 13 | 1200~ | — | 1200~ | 1200 | ||||
| Investments | 15 | 20,298 | 48,5361 | ~ 2871 |
4'"' | |||||
| Investment in Joint (liabilities) / assets |
Venture | —Share | ofnet | 15 | (2,000) | |||||
| CURRENT ASSETS | ||||||||||
| Properties awaiting |
sale | 13 | ||||||||
| Debtors | i,Sio | 7041 | 22141 | 541 | ||||||
| I | ||||||||||
| Cash at bank and in | hand | 6,985 | 6,510 | 13,495 | 119 | 13,614 | ||||
| CREDITORS: amounts | falling due within one | year | ||||||||
| Short term loans | 17 | 660 | (660) | |||||||
| Other creditors | 18a | (562) | (628) | (1,190) | (82) | (1,272) | ||||
| ~ | ~ | ~ | ~ | |||||||
| Bank overdrails | (6,500) | (6,500) | (6,500) | |||||||
| Net current assets | ||||||||||
| CREDITORS: amounts | falling due over one year 18b | |||||||||
| Total net assets | 35,906 | 55,742 | 91,64$ | 911 | 90,559 | |||||
| FUNDS | 19 | |||||||||
| Endowment | 1,343 | 719 | 2,062 | 288 | 2,350 | |||||
| Restricted | 7,256 | 7,644 | 14,900 | 551 | 15,451 | |||||
| Unrestricted | Designated | and General | 27,307 | 47,379 | 74,686 | 72 | 72,758 | |||
| Total funds | 35,906 | 55,742 | 91,64$ | 911 | 90,559 |
| CE SHEET | ||
|---|---|---|
| 2022 | ||
| Charity | Charitable & | Group |
| trading | ||
| subsidiaries | ||
| f.'000 | S&000 | 8'000 |
| 33,696 | 539 | 34,235 |
| 2,678 | 2,678 | |
| 48,665 | sig | 49,183 |
| ( | ||
| 5,206 | ||
| 7,746 | 68( | 2,001 |
| 17,449 | 175 | 17,624 |
| (1,436) | (42) | (1,478) |
| ~ | ||
| (6,500) | (6,500) | |
| (250) | (250) | |
| 102&048 | 102,699 | |
| 2,081 | 291 | 2,372 |
| 14,453 | 876 | 15,329 |
| 85,514 | 91 | 84,998 |
| 102&048 | 102,699 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| g'000 | 8'000 | COO& | g'000 | |||||
| Cash flows from operating activities |
||||||||
| Net cash provided by/(used in) operating |
activities | (note I below) | (10,237) | (1,100) | ||||
| Cash flows from Investing activities |
||||||||
| Investment income |
917 | 854 | ||||||
| Purchase oftangible fixed assets | (1,405) | (2,804) | ||||||
| Joint ventur~hare ofloss |
7,456 | |||||||
| Purchase ofunits in Common Investment Fund |
(1,005) | (174) | ||||||
| Proceeds &om disposal ofunits in Common | Investment | Fund | 271 | 4,121 | ||||
| Proceeds &om disposal ofproperties awaiting |
sale | 1,849 | ||||||
| Proceeds &om disposal ofinvestment properties |
22 | |||||||
| Purchase ofjoint venture | (250) | (1,000) | ||||||
| Proceeds from disposal ofother investments | 221 | 107 | ||||||
| Purchase ofother investments | (86) | |||||||
| Net cash provided by/(used in) investing activities |
6,227 | 2,867 | ||||||
| Cash flows from financing activities |
||||||||
| Receipt ofendowments | ||||||||
| Change in cash equivalents in the year (note |
2 | below) | (4,010) | 1,773 | ||||
| Cash and cash equivalents at I April 2022 |
11,124 | 9,351 | ||||||
| Cash and cash eqmvalents at 31March 2023 |
7,114 | 11,124 | ||||||
| NOTES TO THE CASHFLOW STATE/tfENT | ||||||||
| I Reconciliation ofnet (expenditure) |
/ | income to net cash flow from | ||||||
| operating activities |
||||||||
| Net (Expenditure) / Income for the reporting |
period | (12,140) | 4,292 | |||||
| Depreciation | 1,176 | 1,145 | ||||||
| (Gains)/losses on investments |
775 | (2,468) | ||||||
| Investment income |
(917) | (854) | ||||||
| Donations to endowment funds |
(6) | |||||||
| Loss / (Gain) on investment property |
1,554 | (2,446) | ||||||
| (Profit)/loss on sale offixed assets |
124 | |||||||
| Increase in debtors | (267) | (578) | ||||||
| Decrease in creihtors | (456) | (309) | ||||||
| Net cash (used in) / provided by operating |
activities | (10,237) | (1,100) | |||||
| 2 Analysis ofcash and cash equivalents |
At 1April | Cash Flows | At 31 March | |||||
| 2022 | 2023 | |||||||
| COOO | COOO | I'000 | ||||||
| Cash at bank and in hand | 17,624 | (4,010) | 13,614 | |||||
| Bank overdra&s | (6,500) | (6,500) | ||||||
| 11,124 | (4,010) | 7,114 |
| at an estimate of their historical co isitions with a cost (or in the case of t rates calculated to write oif the cost : |
sts (or in the case donated assets, est or valuation, less |
|---|---|
| Church furniture | 20to 50years |
| Church plate and vestments | 20to 50years |
| Presbytery contents |
5 to 10years |
| Office equipment | 3 to idyears |
| Hymn books and missals | 10to 20years |
| Sound systems and special lighting | 10years |
| Kitchen equipment | 10years |
| Hall e ui ment | 5 ears |
| Structure | 100to 150years |
|---|---|
| Roof | 60years |
| Windows | 35years |
| Electrical systems | 25years |
| Boiler | l5years |
| Heating system | 25years |
| Internal decoration | 10to 15years |
| Kitchen and bathroom | l0to 25years |
| Donations (including in kind) |
Donations (including in kind) |
Grants (in the nature of donations) |
Legacies | 2023 Total |
2022 Total |
|
|---|---|---|---|---|---|---|
| g'000 | g'000 | g'000 | g'000 | g'000 | ||
| Curial | 136 | 620 | 761 | 1,002 | ||
| Parochial | 3,191 | 501 | 522 | 4,214 | 4,713 | |
| 3327 | 506 | 1,142 | 4,975 | 5,715 |
| Fundraising | Rental income from functional properties |
Other Charitable activities |
2023 Total |
2022 Total |
|
|---|---|---|---|---|---|
| g'000 | 6'000 | g'000 | g'000 | g'000 | |
| Curial | 22 | 28 | 30 | ||
| Parochial | 682 | 253 | 935 | 754 | |
| 688 | 275 | 963 | 784 |
| Common | ||||||
|---|---|---|---|---|---|---|
| Investment Fund |
Other | 2023 Total |
2022 Total |
|||
| I'Ooo | I'000 | |||||
| Income received | from: | |||||
| Listed investments | and cash held as part ofinvestment | portfolio | 790 | 790 | 851 | |
| UK cash held at bank | 127 | 127 | ||||
| 790 | 127 | 917 |
| Activities undertaken |
Grant funding of |
Support Costs |
2023 Total | 2022 Total |
|||
|---|---|---|---|---|---|---|---|
| a) Analysis by Activity |
directly | activities | |||||
| 0'000 | g'000 | g'000 | 4'000 | 0'000 | |||
| Curia and Subsidiaries | |||||||
| Proviston for Worship and Liturgy |
294 | 33 | 122 | 449 | 386 | ||
| Mimstry Support |
274 | 94 | 125 | 493 | 469 | ||
| Pastoral and Community | 565 | 20 | 365 | 950 | 719 | ||
| New Evangelisation, | Catechesis | &.Youth | 133 | 56 | 189 | 163 | |
| Caritas | 147 | 61 | 214 | 209 | |||
| Faith ds Vocational | Discernment | 85 | 36 | 127 | 72 | ||
| Diocesan Education | and Schools | 246 | 61 | 314 | 341 | ||
| Raising Funds | 368 | 368 | 287 | ||||
| 1,744 | 166 | 1,194 | 3,104 | 2,646 | |||
| Parish | |||||||
| Provision for Worship and Liturgy |
2,855 | 2,135 | 4,990 | 4,532 | |||
| Ministry Support |
774 | 202 | 976 | 908 | |||
| Pastoral and Community | 121 | 121 | 91 | ||||
| Education | 9 | ||||||
| Raising Funds | 205 | 205 | 186 | ||||
| 3,834 | 130 | 2337 | 6,301 | 5,724 |
| a) Analysis by Activity | a) Analysis by Activity | a) Analysis by Activity | in 2022 (Previous Year) | in 2022 (Previous Year) | in 2022 (Previous Year) | in 2022 (Previous Year) | Activities | Activities | Grant | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| undertaken | funding of | Support | 2022 | ||||||||||||
| directl | activities | Costs | Total | ||||||||||||
| S'000 | S'OOO | S'OOO | f.'000 | ||||||||||||
| Curia and Subsidiaries | |||||||||||||||
| Provision for Worship | 229 | 34 | 123 | 386 | |||||||||||
| Ministry Support |
218 | 183 | 469 | ||||||||||||
| Pastoral and Community | 478 | 85 | 156 | 719 | |||||||||||
| New Evangelisation, | Catechesis | & | Youth | 105 | 2 | 56 | 163 | ||||||||
| Caritas | 120 | 25 | 64 | 209 | |||||||||||
| Faith and Vocational | Discernment | 39 | 12 | 21 | 72 | ||||||||||
| Education | 169 | 7 | 165 | 341 | |||||||||||
| Raising Funds | 287 | 287 | |||||||||||||
| 1,358 | 233 | 1,055 | 2,646 | ||||||||||||
| Parishes | |||||||||||||||
| Provision for Worship | 2,162 | 2,370 | 4,532 | ||||||||||||
| Ministry Support |
727 | 181 | 908 | ||||||||||||
| Pastoral and Community | 91 | 91 | |||||||||||||
| Education | |||||||||||||||
| Raising Funds | 186 | 186 | |||||||||||||
| 3,075 | 98 | 2,551 | 5,724 | ||||||||||||
| b) Analysis ofSupport Costs |
(Memo) (Parish levy) |
il B' eo uj0 0 |
il 0 0 ro S. 0 0 g K |
r2 B0 B. |
lo er sr o li0 ie0 00 Io 0 0 0 |
r27 0s! '4 0 B |
'B H S B es k e! 0 00 |
ln g K$ |
2023 Total |
2022 Total |
|||||
| I'000 | 6'000 | 6'000 | f.'000 | 6'000 | 6'000 | 6'000 | f,'000 | f.'000 | |||||||
| Curia | |||||||||||||||
| Raising Funds | 368 | 368 | 287 | ||||||||||||
| StBoniface House | 351 | 67 | 202 | 34 | 31 | 34 | 20 | 69 | 457 | 684 | |||||
| Bishops Council | 230 | 45 | 132 | 22 | 20 | 22 | 13 | 45 | 299 | 34 | |||||
| Other | 54 | 10 | 31 | 5 | 5 | 5 | 3 | 11 | 70 | 50 | |||||
| 635 | 368 | 122 | 365 | 61 | 36 | 125 | 1,194 | 1,055 | |||||||
| Parish | |||||||||||||||
| Raising Funds | |||||||||||||||
| Administration | Wages | 202 | 202 | 181 | |||||||||||
| Office and Administration |
1,431 | 1,431 | 1,800 | ||||||||||||
| Parish levy (see | above) | 628 | 628 | 492 | |||||||||||
| Other | 76 | 76 | 78 | ||||||||||||
| 2,135 | 202 | 2,337 | 2,551 |
| Common Investment Fund |
Subsidiaries | Main Charity |
2023 Total |
2022 Total | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5'000 | f.'000 | f.'000 | 5'000 | ||||||||
| c) The following payments |
have been made to the external | auditors: | |||||||||
| Audit fees | 12 | 53 | 70 | 78 | |||||||
| Financial advice /other |
|||||||||||
| 12 | 55 | 72 | 80 | ||||||||
| d) Analysis ofGrant Payments | |||||||||||
| Curia | 2023 Total |
2022 Total |
|||||||||
| 0'000 | 0'000 | 0'000 | 0'000 | ||||||||
| Ministry Support: |
|||||||||||
| Grants to Religious Orders | that provide religious or ministry |
acttvities | 15 | ||||||||
| Grants to provide support | for priests when they | cease active ministry | (matnly to the | 30 | 30 | 30 | |||||
| Plymouth Secular Clergy Fund) |
|||||||||||
| Grants to support priests in ill-health, those m active ministry parish, the Bishop, the Bishop Emeritus and Seminarians |
who do | not have a | 86 | 86 | 84 | ||||||
| Pastoral and Community: | |||||||||||
| Grants to improve living conditions ofchildren, |
young people and families | 55 | |||||||||
| Grants to support pupils travelling to |
attend Catholic schools | in the Diocese | |||||||||
| Grants to Religious Orders | that provide pastoral | support | for disadvantaged | 23 | 23 | 38 | |||||
| individuals and groups |
|||||||||||
| Grants to non-religious organisations disadvantaged individuals and groups |
that provide pastoral support for (e.g, refugees, marriage and family care) |
121 | 125 | 97 | |||||||
| Education: | |||||||||||
| Grants to the Roman Catholic schools in the Diocese | |||||||||||
| 166 | 130 | 296 | 331 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| C000 | f.'000 | ||||||
| Governance costs (included |
within support costs) comprise | the following: | |||||
| Main Charity audit fees (see | note | 6c) —current year | 60 | ||||
| - (over) Iunder-provision | previous | years | 12 | ||||
| Subsidiary Charities' independent |
examination fees and |
accounts preparation | |||||
| General advice, including legal and financial |
|||||||
| Trustees' meeting expenses |
ofthe | main and subsidiary | Charities, insofar as they relate to the general man- | ||||
| agement ofthe Charities, including |
the costs oftravel | ||||||
| 74 | 83 |
| STAFF COSTSAND REMUNERAT | I | ON | OFKE | YMANAGEM | ENT | PER | SONN | EL | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||||
| Gross Wages and Salaries | 1,621 | 1,491 | |||||||||
| Employer's National Insurance Contributions |
117 | 91 | |||||||||
| Pension Contributions (money purchase |
schemes | —see note 11) | 143 | 120 | |||||||
| Termination Payments (4employees) |
|||||||||||
| 1,882 | 1,705 | ||||||||||
| The average number ofemployees (both subsidiaries during the year was: |
full-time | and part-time) | employed | by the Charity and its | Number | Number | |||||
| Parishes (mainly part-time employees) |
88 | 88 | |||||||||
| Pastoral (full-time equivalent: 11) |
27 | 29 | |||||||||
| Central Management (full-time equivalent: |
16) | 28 | 29 | ||||||||
| 143 | 146 | ||||||||||
| The following table shows the number but including benefits in kind, were at |
a |
ofemployees rate equal to |
whose emoluments, excluding pension or greater than f60,000per annum: |
contributions | Number | Number | |||||
| 660,001to 670,000 | |||||||||||
| f70,001to f80,000 | |||||||||||
| 680,001to 690,000 | |||||||||||
| f90,000to f100,000 | |||||||||||
| C000 | U000 | ||||||||||
| The amount ofpenston contributions amounted to; |
(money purchase scheme) paid in |
the year for | the above employees | 17 | |||||||
| The number ofstaff to whom retirement | benefits are | accruing is: | |||||||||
| Money Purchase Schemes | 62 | 56 | |||||||||
| Voluntary workers |
| Functional land |
Functional buildings |
Motor vehicles |
Fixtures, fittings and equipment |
Fixtures, fittings and equipment |
Total | |||
|---|---|---|---|---|---|---|---|---|
| 5'000 | 8'000 | f.'000 | C000 | 5'000 | ||||
| Historical cost/fair value at acquisition | (ifdonated) | |||||||
| At IApril 2022 | 319 | 41,262 | 75 | 2,171 | 43,827 | |||
| Additions | 1,220 | 185 | 1,405 | |||||
| Disposals | (58) | (58) | ||||||
| At 31March | 2023 | 319 | 42,424 | 75 | 2,356 | 45,174 | ||
| Accumulated | Depreciation | |||||||
| At IApril 2022 | 8,680 | 75 | 1,376 | 10,131 | ||||
| Charged tlus | year | 1,015 | 159 | 1,174 | ||||
| Disposals | (24) | (24) | ||||||
| At 31March | 2023 | 9,671 | 75 | 1,535 | 11,281 | |||
| Net BookValue | ||||||||
| At 31March | 2023 | 319 | 32,753 | 821 | 33,893 | |||
| At 31March | 2022 | 319 | 32,582 | 795 | 33,696 |
| Functional land |
Functional buildings |
Motor vehicles |
Fixtures, fittings and e ui ment |
Fixtures, fittings and e ui ment |
Total | |||
|---|---|---|---|---|---|---|---|---|
| 8'000 | COOO | COOO | OOOO | |||||
| Historical cost/fair value at acquisition | (ifdonated) | |||||||
| At IApril 2022 | 319 | 41,894 | 75 | 2,192 | 44,480 | |||
| Additions | 1,220 | 185 | 1,405 | |||||
| Disposals | (59) | (10) | (69) | |||||
| At 31March | 2023 | 319 | 43,055 | 75 | 2,367 | 45,816 | ||
| Accumulated | Depreciation | |||||||
| At IApril 2022 | 8,780 | 75 | 1,390 | 10,245 | ||||
| Charged this | year | 1,015 | 161 | 1,176 | ||||
| Disposals | (24) | (7) | (31) | |||||
| At 31March | 2023 | 9,771 | 75 | 1,544 | 11,390 | |||
| Net BookValue | ||||||||
| At 31March | 2023 | 319 | 33,284 | 823 | 34,426 | |||
| At 31March | 2022 | 319 | 33,114 | 802 | 34,235 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| f.'000 | f'000 | ||||||||
| Diocesan | and | pansh | property, | churches, | presbyteries | and | halls | 393,555 | 312,009 |
| 393,555 | 312,009 |
| 15B FIXEDASSETINVESTMENTS | ||||||
|---|---|---|---|---|---|---|
| Charity | Charitable &trading subsidiaries |
Group | Investment properties |
Other investments |
Common Investment Fund |
|
| 8'000 | 8'000 | 8'000 | 8'000 | |||
| At I April 2022 | 48,665 | 518 | 49,183 | 2,842 | 225 | 46,116 |
| Additions | 1,005 | 1,005 | 1,005 | |||
| Disposal at opening book value | (293) | (221) | (514) | (22) | (221) | (271) |
| Net gain / (loss) on revaluation | (841) | (10) | (851) | (76) | (775) | |
| At 31March 2023 | 48,536 | 287 | 48,823 | 2,744 | 46,075 | |
| Represented by: |
||||||
| UK investment properties |
2,744 | 2,744 | 2,744 | |||
| Direct investment in listed UK securities |
3,218 | 3,218 | 3,218 | |||
| Direct investment in listed international securities |
2,839 | 2,839 | 2,839 | |||
| Multi-asset funds —non region specific |
26,800 | 288 | 27,088 | 27,088 | ||
| Credit and ilfiquid strategies | 1,607 | 1,607 | 1,607 | |||
| Global funds | 7,375 | 7,375 | 7,375 | |||
| Gold and precious metals | 1,365 | 1,365 | 1,365 | |||
| Forward foreign exchange | 48 | 48 | 48 | |||
| Options | 1,378 | 1,378 | 1,378 | |||
| UK cash funds and cash held as part of investment portfolio |
1,037 | 1,037 | 1,037 | |||
| Investments in UK subsidiary and associated |
||||||
| Other investments | 124 | 124 | 120 | |||
| At 31March 2023 | 48,536 | 287 | 48,823 | 2,744 | 46,075 | |
| Analysed between: |
||||||
| Endowment funds |
2,062 | 288 | 2,350 | 2,350 | ||
| Restricted funds | 6,641 | 6,641 | 6,641 | |||
| Unrestricted and Designated funds |
39,833 | 39,832 | 2,744 | 37,084 | ||
| 48,536 | 287 | 48,823 | 2,744 | 46,075 | ||
| Historical cost at 31March 2023 | 36,891 | 366 | 37,257 | 1,025 | 36,228 |
| Trust for | Unapplied | Income | Total | |||
|---|---|---|---|---|---|---|
| Summary ofMovements | Investment | Total Return | Fund | Endowment | ||
| 6'000 | S'000 | 6'000 | f.'000 | |||
| At IApril 2022 | ||||||
| Gilt component of | permanent | endowment | 696 | 696 | ||
| Unapplied total return |
1,676 | 1,676 | ||||
| Total | 696 | 1,676 | 2,372 | |||
| Movement in unapplied total return and |
||||||
| endowment in the |
year: | |||||
| Gift ofendowment | funds | |||||
| Investment return: |
dividends | and interest | 54 | 54 | ||
| Investment return; gains/0osses) |
recognised | and unrecognised | (20) | (20) | ||
| Management costs |
||||||
| Total | 696 | 1,710 | 2,406 | |||
| Unapplied total return allocated to income |
(56) | 56 | ||||
| Income fund transferred to restricted funds |
(56) | (56) | ||||
| Net movement in |
the year | 696 | 1,654 | 2,350 | ||
| Closing value ofpermanent | endowment | |||||
| Gifi component of | permanent | endowment | 696 | 696 | ||
| Unapplied total return |
1,654 | 1,654 | ||||
| Total at31March | 2023 | 696 | 1,654 | 2,350 |
| MOVEMENTS | MOVEMENTS | IN YEAR | IN YEAR | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Carried | Cerned | |||||||||||||||||
| forward | Investment | return | fonvard | |||||||||||||||
| FUND | IApnl | Realised/ | Linappiied | total | Interim | 31March | ||||||||||||
| 2022 | Gift of | unraalisad | return | Final | distribution | Net | 2023 | |||||||||||
| Endowment | Dividends | gains(and | transferred | to | distnbution | from mcome | movements | |||||||||||
| Funds | and interest | iowes) | income | from mcome | (paid) | m year | ||||||||||||
| Parishes | 1 | 5 | ||||||||||||||||
| Vmcent Hop | kms Hogg dec'd Trust | Trust for investment | 7 | 7 | ||||||||||||||
| Separately | registered | —No. 117259 | Unapplied | total return | 79 | (2) | 78 | |||||||||||
| Income fund | 2 | |||||||||||||||||
| Miss 7A V Meeson Davies Trust Re. | Trust for investment | 15 | 15 | |||||||||||||||
| Chulmleigh | (E079) | Unapplied | total return Income fund |
176 | (2l | (4) 4 |
(2) | (2) | (2) | 174 | ||||||||
| Endowment | (transferred | from charity | Trust for investment | 18 | 18 | |||||||||||||
| number 267898 Mrs |
8J | RoskiRyl | Unapplied | total return | 132 | (4) | [1) | 130 | ||||||||||
| Income fund | 4 | (2) | (2) | |||||||||||||||
| H V Lean Trust(E075) | Trust for investment | 11 | 11 | |||||||||||||||
| Unapplied | total return | 129 | (3) | 128 | ||||||||||||||
| Income fund | 3 | (2) | (2) | |||||||||||||||
| Miss E M Freame Trust (E066) | Trust for investment | 6 | ||||||||||||||||
| Unapplied | total return | 44 | (0) | (Dl | ||||||||||||||
| Income fund | ||||||||||||||||||
| Mamhus | No.4Fund | (Grove Cottage | Trust for investment | 6 | 6 | |||||||||||||
| E053) | Unapplied | total return | 51 | (Dl | (1) | 51 | ||||||||||||
| Income fund | ||||||||||||||||||
| Potts-Chatto | Bequest | (E049) | Trust for investment | |||||||||||||||
| Unapplied | total return | 45 | (Dl | (0) | ||||||||||||||
| Income fund | ||||||||||||||||||
| Curio | ||||||||||||||||||
| Holden - Fnests hohday home fund | Trust for investment | 92 | 92 | |||||||||||||||
| Unapplied | total return | 177 | (6) | 175 | ||||||||||||||
| Income fund | 6 | (3) | (3) | |||||||||||||||
| StScholastics's Trust | -Separately | Trustfor | investment | 228 | 228 | |||||||||||||
| registered | - | No. 1050950 | Unapplied | total return | 364 | 13 | (5) | (14) | (6) | 359 | ||||||||
| Income fund | 14 | (7) | (7) | |||||||||||||||
| Diocesan | Mass Fund | Units (E038) | Trust for investment | 111 | 111 | |||||||||||||
| Unapplied | total return | 282 | (3l | ('9) | (4) | 279 | ||||||||||||
| Income fund | 9 | (5) | (4) | |||||||||||||||
| Harold Lister | Sunderland | Trust | Trust for investment | 10 | 10 | |||||||||||||
| io18162) | Unapplied | total return | 51 | 50 | ||||||||||||||
| Income fund | ||||||||||||||||||
| John Woolcott Trust for Young people | Trust for investment | 15 | 15 | |||||||||||||||
| (split between Exeter |
parishes) | Unapplied | total return | 24 | lDl | l0) | 24 | |||||||||||
| Income fund | (0) | (0) | ||||||||||||||||
| CAB W Hales | Fund Separately | Trust for investment | 167 | 167 | ||||||||||||||
| registered | No. 1074291 | Unapplied | total return | 124 | (2l | (7) | (3) | 121 | ||||||||||
| Income fund | 7 | (4) | (3) | |||||||||||||||
| TOTAL PER | STATEMENT | OF | Trustfor | investment | 693 | 693 | ||||||||||||
| MOVEMENT | IN FUNDS | Unapplied | total return | 1,678 | 54 | (20) | (56) | (22) | 1,657 | |||||||||
| Income fund | 56 | 0'9) | [27) |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Charitable & | |||||||||
| Curial | Parochial | Charity | trading | sub- | Group | Charity | Group | ||
| sidiaries | |||||||||
| 8'000 | 8'000 | 8'000 | 8'000 | 8'000 | C000 | 0'000 | |||
| Legacy debtors | 620 | 707 | 1,327 | 1,327 | 667 | 667 | |||
| Owed between | Curia and Parishes | (664) | |||||||
| Taxation recoverable | 489 | 489 | 489 | 509 | 509 | ||||
| Net amount due (to)/fiom joint venture |
5,813 | ||||||||
| Net amount due (to)/fi om associated company (note 22) |
17 | 17 | 17 | ||||||
| Other debtors/ | prepayments | 209 | 172 | 381 | 54 | 435 | 755 | 823 | |
| 1,510 | 2,214 | 54 | 2,268 | 7,746 | 2,001 | ||||
| Due within one year | 1,510 | 704 | 2,214 | 54 | 2,268 | 7,746 | 2,001 | ||
| Due after more | than one year | ||||||||
| 1,510 | 704 | 2,214 | 54 | 2&268 | 7,746 | 2,001 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Charitable & | |||||||||
| Curial | Parochial | Charity | trading subsid- | Group | Charity | Group | |||
| iaries | |||||||||
| 8'000 | C000 | 0'000 | 8'000 | 8'000 | 8'000 | 8'000 | |||
| Due to Common | Investment | Fund | 268 | 268 | 268 | 79 | 79 | ||
| Purchase ledger | balances | 105 | 106 | 106 | 97 | 97 | |||
| Other loans | 18 | 18 | 18 | 94 | 94 | ||||
| Owed to third parties (note | 5) | 95 | 95 | 62 | |||||
| Accruals | 138 | 239 | 377 | 377 | 397 | 397 | |||
| Sundry creditors | 51 | 275 | 326 | 82 | 408 | 707 | 749 | ||
| 562 | 628 | 1,190 | 82 | 1472 | 1,436 | 1,478 |
| Statement ofFinaacisl Activities | Statement ofFinaacisl Activities | Statement ofFinaacisl Activities | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Analysis ofcharitable | funds | Balance I April 20Z2 |
Incoming resources |
Resources expended |
Investment gains snd oosses) |
Traasfers sud other Movements |
Balance 31March 2023 |
||||
| f.'000 | f.'000 | 5'000 | 5'000 | 5'000 | 5&000 | ||||||
| Permanent Endowments |
|||||||||||
| St Scholastics's Trust |
(a) | 593 | 13 | (5) | (14) | 587 | |||||
| Other | 1,054 | 25 | (10) | (25) | 1,044 | ||||||
| Curia and subsidiaries | 1,647 | 38 | (15) | (39) | 1,631 | ||||||
| Parishes | 725 | 16 | (5) | (17) | 719 | ||||||
| Total | 2&372 | 54 | (20) | (56) | 2,350 | ||||||
| Restricted Reserves | |||||||||||
| Lanherne (j) | 592 | 22 | (25) | 51 | 529 | ||||||
| Clergy Abroad (e) | 279 | (38) | (14) | (2) | 236 | ||||||
| Elderly support (g) | 533 | 23 | (29) | 527 | |||||||
| Formation (h) | 524 | 20 | (35) | 509 | |||||||
| Kathlecn Maude Clark Trust (1) | 539 | (10) | 529 | ||||||||
| Active Relitpous (b) | 338 | 57 | (17) | 378 | |||||||
| Children's Welfare (d) |
431 | 17 | (24) | 424 | |||||||
| Bishop ofPlymouth | (n) | 67 | 653 | (52) | (2) | 666 | |||||
| Seminarians (o) |
468 | 60 | (36) | (10) | 482 | ||||||
| Other | 3,539 | (69) | (141) | 151 | 47 | 3,527 | |||||
| Curia and subsidiaries | 7,310 | 794 | (388) | (5) | 96 | 7,807 | |||||
| Parishes | 8,019 | 754 | (995) | (185) | 51 | 7,644 | |||||
| Total | 15,329 | 1,548 | (1483) | (190) | 147 | 15,451 | |||||
| Designated and Unrestricted |
Reserves | ||||||||||
| Caritas (1) | 2,038 | 90 | (133) | (116) | 39 | 1,918 | |||||
| Lanherne (j) | 1,901 | (220) | 23 | 1,704 | |||||||
| Ecclesiastical Education | (1) | 1,048 | 35 | (12) | (64) | 1,007 | |||||
| Youth (k) | 1,246 | 81 | (62) | (69) | 10 | 1,206 | |||||
| Evangelisation (p) |
1,765 | 76 | (5'7) | (99) | 1,685 | ||||||
| Schools Commission | (m) | 2,474 | 195 | (130) | (140) | 30 | 2,429 | ||||
| Other Central Funds | 25,801 | 199 | (9,558) | (1,428) | (100) | 14,914 | |||||
| Curia and subsidiaries | 36,273 | 676 | (10,172) | (1,916) | 24,863 | ||||||
| Parishes | 48,725 | 4,772 | (5,306) | (203) | (93) | 47,895 | |||||
| Total | 84,998 | 5,448 | (15,478) | (2,119) | (91) | 72,758 | |||||
| Total Charitable Group funds |
10Z&699 | 7&050 | (16&861) | (2/29) | 90,559 |
| 19 FUNDS -PRIO | R | YEAR | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Statemeat ofFinancial Activiti | es | ||||||||||
| Analysis ofcharitable | funds | Balance 1 April 2021 |
incoming resources |
Resources expended |
Investment gains and oosses) |
Transfers and other Movements |
Balaace 31March 2022 |
||||
| Permanent Endowments |
|||||||||||
| St Scholastics's Trust |
(a) | 578 | 14 | 28 | (27) | 593 | |||||
| Other | 994 | 25 | (21) | 1,054 | |||||||
| Curia and subsidiaries | 1,572 | 39 | (48) | 1,647 | |||||||
| Parishes | 682 | 15 | 37 | (9) | 725 | ||||||
| Total | 2,254 | 54 | 121 | (57) | 2&372 | ||||||
| Restricted Reserves | |||||||||||
| Lanheme (j) | 610 | (22) | 592 | ||||||||
| Catholic Children's Society Plymouth |
(c) | 272 | 94 | (117) | 18 | (2) | 265 | ||||
| Clergy Abroad (e) | 381 | 10 | (46) | (71) | 279 | ||||||
| Elderly support (8) | 553 | (20) | 533 | ||||||||
| Formation (h) | 589 | 10 | (75) | 524 | |||||||
| Kathleen Maude Clark | Trust (l) | 372 | (10) | 177 | 539 | ||||||
| Active Religious (b) | 912 | 26 | (606) | 338 | |||||||
| Children's Welfare (d) |
480 | (65) | 431 | ||||||||
| 3,432 | 172 | (100) | 125 | 180 | 3,809 | ||||||
| Curia and subsidiaries | 6,992 | 920 | (295) | 176 | (483) | 7,310 | |||||
| Parishes | 6,944 | 1,095 | (262) | 223 | 19 | 8,019 | |||||
| Total | 13,936 | 2,015 | (557) | 399 | (464) | 15,329 | |||||
| Designated and Unrestricted |
Reserves | ||||||||||
| Lanheme (j) | 1,719 | 182 | 1,901 | ||||||||
| Ecclesiastical Education | (1) | 1,464 | 19 | (435) | 1,048 | ||||||
| Youth (k) | 1,209 | (5) | 23 | 1,246 | |||||||
| Caritas (1) | 2,000 | 38 | 2,038 | ||||||||
| Schools Commission | (m) | 2,509 | (4) | 46 | (77) | 2,474 | |||||
| Other Central Funds | 25,127 | 640 | (2,227) | 3,516 | 523 | 28,806 | |||||
| Trading subsidiary | 24 | 97 | (115) | 6 | |||||||
| Curia and subsidiaries | 34,052 | 737 | (2,351) | 3,642 | 193 | 36,273 | |||||
| Parishes | 48,165 | 4,942 | (5,462) | 752 | 328 | 48,725 | |||||
| Total | 82,217 | 5,679 | (7,813) | 4,394 | 521 | 84,998 | |||||
| Total Charitable Group funds |
98,407 | 7,748 | (8470) | 4,914 | 102&699 |
| 1 | 9 FUNDS continued | ||
|---|---|---|---|
| The | movement offunds shown on page 49 is classified in accordance with note I (e)to the Accounts. | ||
| The | funds carried forward at 31March 2023 represent: | ||
| (a) | SrScholastics's Trust is a subsidiary Charity ofthe main Charity (and united for registration and accounting purposes). |
It pro- | |
| vides moneys for the support ofcontemplative religious tommunities within the Diocese. |
|||
| (b) | The Active Religious Fund provides moneys for the support ofactive religious communities and individuals within the Dio- |
||
| cese. | |||
| (c) | Catholic Children's Society (Plymouth)r a subsidiary Charity ofthe main Charity, whose principal activity is the relief ofchil- dren in need ofcare and protection and in particular Roman Catholic children. The Society promotes good parenting, provides |
||
| general support in the parishes and schools ofthe diocese and makes grants to individuals in neeit |
|||
| (d) | Children's Welfare: the income &om Bishop Restieaux's Jubilee Fund is used to promote children*s welfare in the parishes. |
In | |
| recent years, the income fiom the Plymouth Diocesan Children's Welfare Trust has been used to fund children's safeguarding |
|||
| work in the Diocese: see(j)below. | |||
| (e) | Clergy Abroad: moneys to support clergy performing their ministry overseas. |
||
| (I) | The Ecrlesiasdcal Education Fund caters for the education and training of students wishing to enter the Roman Catholic priesthood within the Diocese and on-going training ofordained clergy. |
||
| (g) | The Elderly Support Fund is for the benefit ofthe elderly in the Diocese. In recent years the income has been used to assist | in | |
| funding clergy pension contributions. |
|||
| (h) | The Vicariate for Formation provides resources, courses and education material for religious education ofadults and children |
||
| throughout the Diocese. This Vicariate has been re-organised to become the Vicariate for Evangelisation. |
|||
| (i) | The Earhleen Mande Clarh Trust was established to provide a rest home for priests ofthe Roman Catholic Church or |
nuns | or |
| nursing Sisters. |
|||
| (j) | Lanherne Fund provides money for the support ofan enclosed community ofCarmelite sisters withm a convent, which ofthe Diocese. It also provides the resources for the maintenance and upkeep ofthe convent. |
is part | |
| 0c) | Youth provides money for the enhancement and development ofyouth ministry within the Diocese. |
||
| (I) | Caritas help provide the resources to provide a network to support parishes, schools and community groups to implement |
social | |
| action across the Diocese. We proactively support parishes to develop new forms ofoutreach. |
|||
| (m) | The Schools' Commission deals with the costs ofproviding clerical, professional and financial assistance to assist schools |
in | |
| the Diocese to undertake building contracts. |
|||
| (n) | Bishop ofPlymouth provides support for the bishop in his ministry, including his upkeep and accommodation, and to fund new |
||
| pastoral initiatives for the benefit ofthe diocese. |
|||
| (o) | Seuiinarians has been set up to support the training and the formation ofdiocesan seminarians in their journey towards a |
||
| priestly vocation. | |||
| (p) | Evangelisaiian has been set up to resource the programme ofmissionary outreach to individuals in a way that enables |
them | to |
| share in the goodness, the truthfulness, the joy and the beauty that comes with an encounter with Jesus Christ. |
| In addition, the Charity's wh Cove Development LLP, to |
In addition, the Charity's wh Cove Development LLP, to |
olly owned subsidiary, Diocesan Trading Limited, has entered into a loan agr provide a facility ofup to f4m. Since the year end this has been extended to |
eement with itsjoint venture, Ansteys f75m. |
|---|---|---|---|
| Parish commitments were as |
follows: | ||
| Reconciliation | ofmovement | in the year | E'000 |
| Commitment at |
31March 2022 | 987 | |
| Less: falling due within the year ended 31March 2023 | (987) | ||
| Add: estimated | commitments | falling due in the year ended 31March 2023 | 362 |
| Commitments | at31March | 2023 (falling due within one year) | 362 |
| Curial and Subsidiaries | Curial and Subsidiaries | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Sub- | |||||||||
| Notes | Unrestricted | Restricted | Endowment | Total | |||||
| COOO | l.'000 | COOO | S'000 | ||||||
| INCOME AND ENDOWMENTS FROM: | |||||||||
| Donations and legacies |
157 | 713 | 876 | ||||||
| Grants receivable | 126 | 126 | |||||||
| Charitable activities |
21 | 30 | |||||||
| Gross trading income oftrading | subsidiary | 99 | 99 | ||||||
| Investments | 436 | 60 | 33 | 529 | |||||
| Other | 36 | 36 | |||||||
| Total Income | 737 | 920 | 39 | 1,696 | |||||
| EXPENDITURE ON: | |||||||||
| Raising funds | 118 | 30 | 148 | ||||||
| Cost ofsales oftrading subsidiary | 139 | 139 | |||||||
| 257 | 30 | 287 | |||||||
| Charitable activities |
|||||||||
| Provision for Worship and Liturgy |
386 | 386 | |||||||
| Ministry Support | 437 | 32 | 469 | ||||||
| Pastoral and Community | 603 | 116 | 719 | ||||||
| New Evangelisation, Catechesis |
and Youth | 163 | 163 | ||||||
| Caritas | 209 | 209 | |||||||
| Faith and Vocational Discernment |
72 | 72 | |||||||
| Diocesan Education and Schools |
224 | 117 | 341 | ||||||
| Total expenditure | 5, 6 | 2,351 | 295 | 2,646 | |||||
| Net income / (expenditure) (losses) |
before other recognised | gains and | (1,614) | 625 | 39 | (950) | |||
| Other recognised gains and |
(losses) | ||||||||
| Gains, losses and revaluations | on properties | 13, 15 | 2,357 | 2,357 | |||||
| Gains, losses and revaluations | on other investments | 1,285 | 176 | 84 | 1,545 | ||||
| Total | 3,642 | 176 | 84 | 3,902 | |||||
| Net income / (expenditure) |
after gains and losses | 2,028 | 801 | 123 | 2,952 | ||||
| Transfers between Curial Office | and Parishes | 193 | (521) | (10) | (338) | ||||
| Permanent Endowment Fund |
Transfers | 38 | (38) | ||||||
| Other Transfers between Funds | |||||||||
| Net income / (expenditure) |
and | net movement | in funds | 2,221 | 318 | 75 | 2,614 | ||
| Reconciliation offunds |
|||||||||
| Total funds brought forward | 34,052 | 6,992 | 1,572 | 42,616 | |||||
| Total funds carried forward | 36,273 | 7410 | 1,647 | 45,230 |
| Notes | Unrestricted coco |
Parochial Restricted I'000 |
Endowment 6'000 |
Snb- Total 0'000 |
2022 Total 8'000 |
O 2021 Total 8'000 |
|---|---|---|---|---|---|---|
| 2,855 | 1,005 | 3,860 | 4,736 | 3,789 | ||
| 853 | 853 | 979 | 940 | |||
| 741 | 13 | 754 | 784 | 581 | ||
| 99 | 113 | |||||
| 233 | 77 | 15 | 325 | 854 | 622 | |
| 260 | 260 | 296 | (201) | |||
| 4,942 | 1,095 | 15 | 6,052 | 7,748 | 5,844 | |
| 146 | 40 | 186 | 334 | |||
| 139 | ||||||
| 146 | 40 | 186 | 473 | |||
| 4,361 | 171 | 4,532 | 4,918 | 4,268 | ||
| 870 | 38 | 908 | 1,377 | 1,335 | ||
| 78 | 13 | 91 | 810 | 530 | ||
| 163 | 127 | |||||
| 209 | 153 | |||||
| 72 | 125 | |||||
| 348 | 227 | |||||
| 5, 6 | 5,462 | 262 | 5,724 | 8,370 | 7,144 | |
| (520) | 833 | 15 | 328 | (622) | (1400) | |
| 89 | 89 | 2,446 | 621 | |||
| 663 | 223 | 37 | 923 | 2,468 | 10,561 | |
| 752 | 223 | 37 | 1,012 | 4,914 | 11,182 | |
| 232 | 1.056 | 52 | 1,340 | 4,292 | 9,882 | |
| 328 | 10 | 338 | ||||
| 19 | (19) | |||||
| 560 48,165 48,725 |
1,075 6,944 8,019 |
43 682 725 |
1,678 55,791 57,469 |
4,292 9,882 e 98,407 102,699e 88,525 98,407 |
| The group accounts | include the following | include the following | results ofits subsidiaries: | 2023 | 2022 |
|---|---|---|---|---|---|
| 0'000 | 0'000 | ||||
| Total income | 169 | 300 | |||
| Total expenditure | (89) | (155) | |||
| Net Gains | 62 | ||||
| Net income/deficit | (82) | 207 | |||
| Net assets by subsidiary: | |||||
| Kathteen Mande Clark Trust | 529 | 500 | |||
| Clarence Ada &Winnified | Halse Trust | 373 | 502 | ||
| Catholic Children's | Society | 265 | |||
| Diocesan Trading | Limited | (9) | |||
| 911 | 1,258 |