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