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2021-12-31-accounts

Page
Charity Information
Trustee's
Report
Auditors'
Report
Statement ofFinancial Activities for the year ended 31 December 2021 14
Statement ofFinancial Activities for the year ended 31 December 2020 15
Balance Sheet 16
Statement ofCash Flows for the year ended 31 December 2021 17
Notes to the Accounts 18-31

DIRECTOR DIRECTOR S AND OFFICERS OF THE DIOCESE OF MIDDLESBRO S AND OFFICERS OF THE DIOCESE OF MIDDLESBRO S AND OFFICERS OF THE DIOCESE OF MIDDLESBRO S AND OFFICERS OF THE DIOCESE OF MIDDLESBRO S AND OFFICERS OF THE DIOCESE OF MIDDLESBRO S AND OFFICERS OF THE DIOCESE OF MIDDLESBRO S AND OFFICERS OF THE DIOCESE OF MIDDLESBRO UGH T UGH T RUSTEE: RUSTEE:
The directors shown below have held office for the whole ofthe period from 1 January 2021 to the date ofthis report.
Rt Rev Terence Patrick Drainey, Bishop ofMiddlesbrough
Very Rev Mgr Canon G Robinson, Vicar General
Dr JWhiston
Mr N Mack
Mr JC Fleming
Rev W Massie
Mr P G Westmacott
Mr G Moran
Changes in directors holding office are as follows
Very Rev Canon A Sheridan (resigned 16/03/21)
Mrs A Barham (resigned 16/03/21)
Mrs M TClark (appointed 21/01/21 / died 22/11/21)
Dr TA Lyth (appointed 18/02/21)
Mr A TMcMillan (appointed 05/03/21)
Mrs BHungin (appointed 08/12/21)
FINANCIAL SECRETARY: Mr JA Walton
CHARITY NUMBER: 233748
CHARITY OFFICES: Curial Offices
50a The Avenue
Middlesbrough
TS5 6QT
AUDITORS: Anderson
Barrowcliff LLP
3 Kingfisher
Court
Bowesfield Park
Stockton on Tees
TS183EX
BANKERS: Barclays Bank Plc
Unit
1
Central Mall
The Mall
Middlesbrough
TS1 2NR
SOLICITORS: Grays
Solicitors
Duncombe
Place
York
Yo1 2DX
KEY MANAGEMENT PERSONNEL:
Chief Operating Officer: Rev P Warren
Financial Secretary: Mr JWalton
Director ofSchools: Mr KDuffy (retired 31/03/22)

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2021 2020
Parochial Curial Total Total
Notes
FIXEDASSETS
Tangible fixed assets 9,252,313 696,237 9,948,550 10,034,768
Investments 18,076,804 23,173,656 41,250,460 36,971,493
27,329,117 23,869,893 51,199,010 47,006,261
CURRENT ASSETS
Investments 5,272,014 5,272,014 5,033,201
Debtors 1,384,884 1/84,884 1,497,511
Cash at bank 4, in hand 5,297,677 5,370,186 10,667,863 7,942,713
5,297,677 12,027,084 17,324,761 14,473,425
CREDITORS: Amounts Falling
Due Within One Year 10 (48,797) (11,384,109) (11,432,906) (10,114,917)
NET CURRENT ASSETS 5,248,880 642,975 5,891,855 4,358,508
TOTAL ASSETSLESS
CURRENT LIABILITIES 32,577,997 24,512,868 57,090,865 51,364,769
CREDITORS: Amounts Falling
Due After One Year
32,577,997 24,512,868 57,090,865 51,364,769
PARISH LOAN ACCOUNTS
Due to Parishes 7,344, 121 (7,344,121)
Due from Parishes (4,172,094) 4, 172,094
NET ASSETS 35,750,024 21,340,841 57,090,865 51,364,769
Financed By:
Unrestricted
funds		 - unrestricted 34,940,922 16,489,212 51,430,134 46,719,051
- designated 392,212 1,027,857 1,420,069 1,061,521
35,333,134 17,517,069 52,850,203 47,780,572
Restricted
funds		 12 416,890 3,823,772 4,240,662 3,584,197
13 35,750,024 21,340,841 57,090,865 51,364,769
2021 2020
Cash flows from operating
activities:
Net cash provided
by (used in)		 operating activities 355,535 (719,535)
Cash flows from investing
activities:
Dividends,
interest and rents fiom investments		 1,507,377 1,438,023
Proceeds from the sale ofpropei+, plant and equipment '7,500 182,297
Purchase oftangible
fixed assets		 (109,840) (335,474)
Proceeds from sale ofinvestments 1,303,259 1,019,844
Purchase ofinvestments (1,519,008) (742,548)
Net cash provided
by (used in)		 investing activities 1,189,288 1,562, 142
Cashflows
from financing
activities
Repayments
ofborrowings
Change
in cash and cash equivalents
in the		 reporting period 1,544,823 842,607
Cash and cash equivalents
at the		 beginning ofthe reporting period 4,972,004 4,129,397
Cash and cash equivalents
at the		 end ofthe reporting period 6,516,827 4,972,004
Reconciliation
ofnet incoming		 resources to cash flow from operating activities
Net income for the reporting
period (as in SOFA)		 5,726,096 I,670,218
Adjustments
for:
Depreciation 179,235 I76,308
Non cash legacy received (91,933)
(Gains)/losses
on investments		 (4,135,360) (I,297,068)
Dividends,
interest and rent f'rom		 investments (1,507,377) ('I,438,023)
(Decrease)/increase
in creditors		 137,661 (471,899)
Decrease/(increase)
in debtors		 112,627 859,228
Loss/(profit)
on the sale offixed		 assets (157,347) (126,366)
Net cash provided
by/(used
in)		 operating activities 355,535 (719,535)

(a) Unlisted
Churches		 25 to 100Years
(b) Cathedral
and Listed Churches		 100to200 Years
(c) Presbyteries 25 to 100Years
(d) Other Buildings 25 to 100Years

CHARITABLE AC
Curial		 TIVITIES EXPEN DITURE
Total Total
Unrestricted Restricted 2021 2020
Schools Service 323,691 323,691 283,496
Academy
formation		 &school costs 200,000 200,000 100,000
Youth Service 15,442 7,579 23,021 34,817
Bishop's &Clergy Support 207,441 22,582 230,023 286,815
Services to Parishes &Chaplaincies 316,660 316,660 310,342
Upkeep ofproperties 222,639 222,639 104,942
Justice &Peace 3,000 3,000 3,000
National
assessments		 27,572 27,572 36,795
Finance charges 23,709 23,709 35,421
Support costs 324,645 324,645 358,811
Governance
costs
- Legal &professional 84,150 84,150 29,764
- Accountancy &taxation advice 16,012 16,012 20,000
- Audit Fee 16,000 16,000 16,000
Retired Priests Welfare Fund 132,400 132,400 106,24'8
Priest training 3,657 3,657 5,409
Special collections 19,053 19,053 19,900
Lourdes Pilgrimage 5,187 5,187 1,232
Diocesan Events 1,273 1,273 300
Depreciation 17,241 17,241 16,636
Other 20,059 20,059 14,249
1,819,534 190,458 2,009,992 1,784,177

Parochial
Total Total
Unrestricted Restricted 2021 2020
Repairs &maintenance 972,642 972,642 936,970
Establishment costs 705,725 705,725 505,507
Administration 236,275 236,275 242,012
Domestic 129,693 129,693 140,998
Motor & travel 62,927 62,927 56,765
General church expenses 123,744 123,744 138,067
Clergy support 488,253 488,253 427,628
Schools 3,104 3,104 2,994
Donations 20,681 20,681 10,155
Special collections 91,598 91,598 96,276
Depreciation 161,994 161,994 159,672
Other 6,413 6,413 41,132
2,911,451 91,598 3,003,049 2,758,176

STAFF INFORMATION
Staff costs
2021 2020
Wages &salaries 763,459 736,369
Social Security costs 74,094 71,406
Pension contributions 71,202 64,488
908,755 872,263

NVESTMENT INCO ME ME
Parochial Curial 2021 2020
Unrestricted Restricted Unrestricted Restricted Total Total
UK listed investments 471,796 2,248 474,044 484,725
Bank interest 3,244 3,246 11,642
475,040 2,250 477,290 496,367

TRANSFERS
Parochial Curial
Unrestricted Restricted Unrestricted Restricted Total
Parish levy (221,678) 221,678
Levy pension
fund		 (18,750) 18,750
Capital invested in the
Diocese 67,478 (67,478)
Interest credited to
restricted
funds		 (28,784) 28,784
Contributions
to/from
restricted
funds		 (35,945) 35,945
Second collections (37,963) 37,963
Transfers to parishes 3,911 7,500 (3,911) (7,500)
(169,039) (30,463) 85,560 113,942

(a)
Curial
Freehold Computer
Land & &Office Motor
Buildings Equipinent Vehicles Total
COST OR VALUATION
At I January 2021 1,017,534 74,085 32,194 1,123,813
Additions 22,281 22,281
Disposals (19,199) (19,199)
At 31December 2021 1,017,534 74,085 35,276 1,126,895
ACCUMULATED
DEPRECIATION
At
1 January 2021		 331,668 73,230 22,584 427,482
Charge for the year 12,856 286 4,099 17,241
Eliminated
on disposal		 (14,065) (14,065)
At 31December 2021 344,524 73,516 12,618 430,658
NET BOOK VALUES
At 31 December 2021 673,010 569 22,658 696,237
At 31 December 2020 685,866 855 9,610 696,331
(b)
Parochial
Freehold Fixtures
Land dk &
Buildings Fittings Total
COST OR VALUATION
At
1 January 2021		 13,089,703 769,640 13,859,343
Additions 66,305 21,254 87,559
Disposals
Transfer to Investment Property (40,000) (40,000)
At 31December 2021 13,116,008 790,894 13,906,902
ACCUMULATED
DEPRECIATION
At
1 January 2021		 4,147,528 373,378 4,520,906
Charge for the year 152,358 9,636 161,994
Eliminated
on Disposal
Transfer to Investment Property (28,3]I) (28,311)
At 31 December 2021 4,271,575 383,014 4,654,589
NET BOOK VALUES
At 31 December 2021 8,844,433 407,880 9,252,313
At 31 December 2020 8,942,175 396,262 9,338,437
Fixed Asset Investments -Curial
2021 2020
Investment
properties		 15,665,257 14,587,242
Listed investments:
at market value		 7,508,396 6,033,100
Investment
in subsidiary		 company 2 2
Investment
in associated		 company 1
23,173,656 20,620,345
The Historical
Cost of listed investments		 on 31 December 2021 was f11,308,514(2020:KI0,543,900).
Summary
ofinvestments		 2021 2020
Opening
valuation
I January 2021		 20,620,345 19,738,446
Additions 1,475,627 707,310
Disposals (913,470) (219,517)
Impairment 3,539
Net gains/(losses)
during		 the year 1,991,974 541,121
Cash transferred
to/from		 Diocese net of broker fees and dividends
Received (270,262)
Included
within
current		 asset investments 119,708
Closing valuation
31 December 2021		 23,174,476 20,620,345

k'000
Capital &reserves 36
Turnover 11,813
Net profit 2
Fixed Assets Investments - Parochial
2021 2020
Investment
properties		 18,076,804 16,337,345
Listed investments 13,803
18,076,804 16,351,148

CURRENT ASSET INVESTMENTS
2021 2020
Listed investments 5,272,014 5,033,201
DEBTORS
Parochial Curial Total Total
2021 2021 2021 2020
Amounts
due from subsidiary
Undertakings 684,986 684,986 683,591
School loans 334,682 334,682 413,820
Trade debtors 18,267 18,267 27,654
Prepayments k accrued income 14,480 14,480 67,466
Other debtors 332,469 332,469 304,980
1,384,884 1,384,884 1,497,511

Parochial Curial Total Total
2021 2021 2021 2020
Bank loans and overdrafts 4,754,037 4,754,037 3,573,559
Trade creditors 64,549 64,549 59,930
Accruals &deferred income 48,797 85,735 134,532 70,402
Other creditors 394,290 394,290 277,203
DFC School Accounts 76,486 76,4S6 51,611
Other loans 5,989,040 5,989,040 6,061,849
Taxation and Social Security 19,972 19,972 20,363
48,797 11,384,109 11,432,906 10,114,917
CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
Parochial Curial Total Total
2021 2021 2021 2020

RESTRICTED FUNDS RESTRICTED FUNDS RESTRICTED FUNDS
The income
funds ofthe		 Diocese include restricted
funds		 comprising the following unexpended balances of
donations
and grants held		 on trusts to be applied for specific purposes:-
Curial
Movement in Funds
Balance Incoming Balance
31.12.2020 Resources Expenditure Transfers 31,12.2021
Priests' Training
Fund		 668,293 381,785 (3,657) 14,948 1,061,369
Church Extension
Fund		 44,360 44,360
Mensal Fund 26,872 (16,741) 20,269 30,400
Pickering Roman Catholic War Orphanage
Fund 20,677 207 20,884
Lourdes Sick Fund 221,122 34,738 (5,187) 2,211 252,885
Lourdes Youth Pilgrimage (11,848) (11,848)
Catholic Child Care 117,859 470 1,279 119,608
Youth Sunday l7,889 2,962 20,851
Retired Priests' Welfare Fund 1,623,745 52,944 (132,400) 41,308 1,585+97
Common Stock 37,222 376 37,598
Lacy Fund 289,926 10,453 300,379
Vestment
Guild		 (1,927) (1,927)
Nicholas
Postgate		 3,713 50 37 3,800
Mike McCullagh
Memorial		 Trust Fund 60,154 3,057 602 63,812
Matthias
Smyth Memorial		 Masses Fund 55,917 (5,450) 50,467
Youth Ministry —Expansion and Outreach 2,525 170 2,695
Levy Fund (Active Priests) 32,443 8,297 40,742
Cecil Walker Memorial
F'und		 98,321 983 99/05
Hedon New Church Fund 7,475 7,475
Papal Blessings/Papal
Awards		 (1,908) (1,908)
Mass Stipends 2,460 500 (240) 2,720
Year ofFaith 1,435 1,435
Education Resource Needs 6,760 6,760
Peter's Pence 694 (3,700) 3,373 367
Holy Places 632 (5,286) 5,142 488
Lenten Alms 6,368 1,212 7,580
Other Restricted
Income		 5,190 5,190
Home Mission Sunday 502 (3,890) 3,919 530
Day for Life 228 (3,604) 3,709 333
John Hinman
Fund		 391 391
Nicholas Postgate Relics 1,053 1,053
CESCollection 356 356
Ukraine Appeal (o) (311) 311 (0)
Walsingham
Shrine Appeal		 0 (265) 265 0
W'ycliffe Children's
Holiday		 Fund 2,000 39 2,039
Bishop's Annual
Charity		 5,462 (150) 5,312
Bishop's Foundation
Masses		 (9) (9)
Young Musicians
Fund		 22,047 (2,630) (2,600) 16,817
St Williams
Community		 Home 428 4 432
Marriage
Preparation
Consultant		 9,525 9,525
Memorial
Masses —Fr M Murray		 2,000 2,000
Catholic Education
Council		 824 824
World Communications 247 (1,896) 1,936 287
Poor Parishes 9,000 15,000 (7,500) 16,500
Missionary
Work in Hull		 323 323
Cathedral
Silver Jubilee		 744 744
Catholic Primary
Schools		 Cup 5,178 5,178
Sundry Restricted
Funds		 626 626
World Youth Day (4,804) (4,804)
Racial Justice Sunday 0 (100) 155 55
Year ofConsecrated
Life		 (7,097) (7,097)
Women's
Commission
—now		 "National
Board ofCatholic Women Middlesbrough" 1,175 45 1,220
National
Schools Singing		 Programme 0 25,000 (4,949) 20,051
3,386.570 513,717 (190,457) 113,942 3,823,771