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||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe Diocese, its Trustee and advisers||
|Trustees'
report|||2-11|
|Independent
auditors'|report|on the financial statements|12 - 15|
|Statement
offinancial|activities||16|
|Balance sheet|||17|
|Statement
ofcash flows|||18|
|Notes to the financial|statements||19-46|
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|~
Dr J Whiston
(resign|~
Dr J Whiston
(resign|~
Dr J Whiston
(resign|
ed 21 August 2023)||
|---|---|---|---|---|
|Charity registered|||||
|number|||233748||
|Principal office|||Curial Offices||
||||50a The Avenue||
||||Middlesbrough||
||||TS56QT||
|Financial Secretary|||Mr J A Walton||
|Independent|auditors||Waltons Business Advisers|Limited|
||||Harbour
Walk||
||||The Marina||
||||Hartlepool||
||||TS24 OUX||
|Bankers|||Barclays Bank PLC||
||||5 St Ann's Street||
||||Quayside||
||||Newcastle
upon Tyne||
||||NE1 3DX||
|Solicitors|||Grays Solicitors||
||||Duncombe
Place||
||||York||
||||YO12DX||
|Key Management||Personnel:|||
|Chief Operating||Officer:|Rev P Warren||
|Financial Secretary:|||Mr J Walton||
|Director of|Schools:||Mr K Duffy (retired 31 March 2022)||
||||Mrs K Bailey (appointed|1 July 2022)|
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##
|||||2022|2022|2021|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Unresbi cted|Restricted|
|PARISHES||||||||
|Income
(excluding
assets)|profit
on|sale of||3,853|228|3,999|341|
|Expenditure||||(3,328)|(199)|(2,919)|(92)|
|Diocesan assessment|and transfer|||37||(241)||
|Surplus/(deficit)
before transfers|||etc|562|29|839|249|
|Transfers||||||72|(30)|
|(Loss)/Profit
on sale|ofassets|||||177||
|Unrealised
(loss)/gain
on
investment||||1,834||1,892||
|property||||||||
|Added to/ /deducted|&om) reserves|||2396|29|2,980|~2/9)|
|CURIAL||||||||
|Diocesan assessment|k.transfer|||(37)||241||
|Other income (excluding profit
ofassets)||on|sale|1,440|618|1,618|496|
|Total income||||1,403|618|1,869|496|
|Expenditure||||(1,900)|(193)|(1,820)|(190)|
|Surplus/(deficit)||||(497)|425|39|306|
|Other transfers||||10|(10)|(155)|114|
|(Loss)/Profit
on sale|ofassets|||||(20)||
|Realised/unrealised
investments|gain/ (loss)|on||(262)|(15)|2,226|17|
|Added to//deducted|from) reserves|||~749|400|2,090|437|
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|||||||As restated|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Note|2022
F|2022|2022f|2021|
|INCOME FROM:|||||||
|Donations
and legacies|||2,850,878|801,818|3,652,696|4,159,240|
|Charitable
activities|||400,751||400,751|390,771|
|Other trading
activities|||240,655|18,395|259,050|130,344|
|Investments|||1,678,528|25,228|1,703,756|1,507,377|
|Other income|||122,211|550|122,761|423,890|
|TOTAL INCOME|||5,293,023|845,991|6,139,014|6,611,622|
|EXPENDITURE ON:|||||||
|Raising funds||9|12,635|38,115|50,750|7,831|
|Charitable
activities||10|5,215,522|353,830|5,569,352|5,013,041|
|TOTAL EXPENDITURE|||5,228,157|391,945|5,620,102|5,020,872|
|NET INCOME BEFORE NET|||||||
|GAINS/(LOSSES)|ON INVESTMENTS||64,866|454,046|518,912|1,590,750|
|Net gains/(losses)|on investments|15|1,571,348|(14,657)|1,556,691|4,135,346|
|NET INCOME|||1,636,214|439,389|2,075,603|5,726,096|
|Transfers
between|funds|25|10,171|(10,171)|||
|NET MOVE MENT|IN FUN DS||1,646,385|429,218|2,075,603|5,726,096|
|RECONCILIATION|OF FUNDS:||||||
|Total funds brought|forward as||||||
|previously
stated|||52,850,203|4,240,662|57,090,865|50,979,125|
|Prior year adjustment|||(385,644)||(385,644)||
|Total funds brought|forward as||||||
|restated|||52,464,559|4,240,662|56,705,221|50,979,125|
|Net movement
in funds|||1,646,385|429,218|2,075,603|5,726,096|
|TOTAL FUNDS CARRIED FORWARD|||54,110,944|4,669,880|58,780,824|56,705,221|
||||||||||Restated|
|---|---|---|---|---|---|---|---|---|---|
|||||Note||2022f|||2021|
|FIXEDASSETS||||||||||
|Tangible assets||||16||9,980,194|||9,948,550|
|Investments||||19||6,299,412|||7,508,399|
|Investment
property||||18||37,207,847|||33,356,417|
|||||||53,487,453|||50,813,366|
|CURRENT ASSETS||||||||||
|Debtors due after|more than||1 year|20|686,952||684,986|||
|Debtors due within|1 year|||20|580,939||699,898|||
|Investments||||21|4,603,942||5,272,014|||
|Cash at bank and|in hand||||13,592,181||12,796,982|||
||||||19,464,014||19,453,880|||
|Creditors: amounts|falling|due within one||||||||
|year||||22|(13,719,557)||(13,562,025)|||
|NET CURRENT ASSETS||||||5,744,457|||5,891,855|
|TOTAL ASSETS LESSCURRENT||||||||||
|LIABILITIES||||||59,231,910|||56,705,221|
|Creditors: amounts|falling|due after more||||||||
|than one year||||||(451,086)||||
|TOTAL NET ASSETS||||||58„780,824|||56,705,221|
|CHARITY FUNDS||||||||||
|Restricted
funds||||25||4,669,880|||4,240,662|
|Unrestricted
funds||||||||||
|Designated
funds||||25|1,324,614||1,420,069|||
|General funds||||25|52,786,330||51,044,490|||
|Total unrestricted|funds|||25||54,110,944|||52,464,559|
|TOTAL FUNDS||||||58,780,824|||56,705,221|
|The financial
statements||were approved||and authorised|for issue by|the Trustee and|signed|on their|behalf by:|
|Rt Rev Bishop T P Drainey
Bishop of Middlesbrough
Diocese of Middlesbrough|||Trustee|P™~"||||||
|Date: 31 October|2023|||||||||
|The notes on pages 19to 46|||form part ofthese financial statements.|||||||
##
|||||||As restated|
|---|---|---|---|---|---|---|
||||||2022f|2021|
|CASH FLOWS FROM OPERATING||ACTIVITIES|||||
|Net cash used
in operating
activities|||||(330,601)|355,535|
|CASH FLOWS FRONI INVESTING||ACTIVITIES|||||
|Dividends,
interests
and rents from||investments|||1,703,756|1,507,377|
|Proceeds from the sale oftangible|fixed assets||||1,000|7,500|
|Purchase oftangible
fixed assets|||||(208,364)|(109,840)|
|Proceeds from sale of investments|||||982,509|1,303,259|
|Purchase
of investments|||||(1,229,138)|(1,519,008)|
|NET CASH PROVIDED BYINVESTING ACTIVITIES|||||1,249,763|1,189,288|
|CASH FLOWS FROM FINANCING||ACTIVITIES|||||
|Cash inflows
from new borrowing|||||500,000||
|Repayments
of borrowing|||||(623,963)||
|NET CASH (USED IN)/PROVIDED||BYFINANCING||ACTIVITIES|(123,963)||
|CHANGE
IN CASH AND CASH EQUIVALENTS|||IN|THE YEAR|795,199|1,544,823|
|Cash and cash equivalents
at the beginning
ofthe year|||||12,796,982|11,252,159|
|CASH AND CASH EQUIVALENTS||AT THE END|OF THE YEAR||13,592,181|12,796,982|
|The notes on pages 19to 46 form|part ofthese financial statements||||||
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||Parochial|Parochial|Curial|Curial|Total|Total 2021|
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Unrestricted|Restricted|||
||Funds|Funds|Funds
E|Fundsf|||
|Donations|2,472,532|225,983|66,451|88,432|2,853,398|2,714,611|
|Legacies|291,862|2,300|20,033|485,103|799,298|1,444,629|
|Total 2022|2,764,394|228,283|86,484|573,535|3,652,696|4,159,240|
|Total 2021|3,140,176|341,325|235,423|442,316|4,159,240||
##
|INCOME FROM CHARITABLE ACT|IVITIES||||
|---|---|---|---|---|
||Parochial|Curial|Total|Total 2021|
||Unrestricted|Unrestricted|||
||Funds|Funds|||
||f|f|||
|School Service Contribution||210,395|210,395|236,344|
|Stipends|190,356||190,356|154,427|
||190,356|210,395|400,751|390,771|
|Total 2022|||||
||154,427|236,344|390,771||
|Total 2021|||||
##
|INCOME FROM FUNDRAISING
ACT|IVITIES||||
|---|---|---|---|---|
||Parochial|Curial|Total|Total 2021|
||Unrestricted|Restricted|||
||Fundsf|Fundsf|||
|Fundraising|150,917|18,395|169,312|80,277|
|Papers, candles 8 piety stalls|89,738||89,738|50,067|
||240,655|18,395|259,050|130,344|
|Total 2022|||||
||127,475|2,869|130,344||
|Total 2021|||||
##
|INVESTME|NT INCOME||||||
|---|---|---|---|---|---|---|
|||Parochial|Curial|Curial|Total|Total 2021|
|||Unrestricted|Unrestricted|Restricted|||
|||Funds
f|Funds
f|Fundsf|||
|Rents and|hire fees|647,777|516,433|5,435|1,169,645|1,030,087|
|Investment|income||511,178|3,268|514,446|474,043|
|Bank interest received|||3,140|16,525|19,665|3,247|
|Total 2022||647,777|1,030,751|25,228|1,703,756|1,507,377|
|||555,027|941,100|11,250|1,507,377||
|Total 2021|||||||
##
##
##
|||||||As restated|
|---|---|---|---|---|---|---|
|||Parochial|Curial|Curial|Total|Total 2021|
|||Unrestricted|Unrestricted|Restricted|||
|||Funds
F|Funds
f|Funds
F|||
|Government|grants|||||61,538|
|Gain/ (loss)|on sale of fixed||||||
|assets||900|(2,980)||(2,080)|157,361|
|Other income||8,767|115,524|550|124,841|204,991|
|Total 2022||9,667|112,544|550|122,761|423,890|
|||198,791|185,099|40,000|423,890||
|As restated|Total 2021||||||
##
|Parochial|Curial|Total|Total 2021|
|---|---|---|---|
|Unrestricted|Restricted|||
|Funds|Funds|||
|F||||
|12,635|38,115|50,750|7,831|
|12,635|38,115|50,750|7,831|
|7,831||7,831||
||Unrestricted|Restricted|||
|---|---|---|---|---|
||funds|funds|Total|Total|
||2022|2022|2022|202'I|
||F||||
|Parochial|3,316,110|198,617|3,514,727|3,003,049|
|Curial|1,899,412|155,213|2,054,625|2,009,992|
||5,215,522|353,830|5,569,352|5,013,041|
|Total2021|4,921,443|91,598|5,013,041||
##
##
||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2022|2022|2022|2021|
||E|E|F||
|Parochial|3,514,727||3,514,727|3,003,049|
|Curial|1,637,062|417,563|2,054,625|2,009,992|
||5,151,789|417,563|5,569,352|5,013,041|
|Total 2021|4,688,397|324,644|5,013,041||
##
##
||||||Total|Total|
|---|---|---|---|---|---|---|
||||Parochial|Curial|funds|funds|
||||2022f|2022
E|2022|2021|
|Staff costs||||580,372|580,372|630,719|
|Depreciation|||150,626|21,214|171,840|179,235|
|Repairs,
Maintenance||8 Upkeep of properties|1,103,344|337,948|1,441,292|1,195,281|
|Establishment
costs|||815,913||815,913|705,725|
|Administration|||288,329||288,329|236,275|
|Domestic|||155,395||155,395|129,693|
|Motor and travel|||92,072||92,072|62,927|
|General
Church expenses|||157,970||157,970|123,744|
|Bishop 8 Clergy Support||||170,637|170,637|132,969|
|Schools||||84,066|84,066|44,796|
|Donations|||83,172||83,172|20,681|
|Special collections|||136,949|18,737|155,686|110,651|
|Sundries|||12,671||12,671|6,413|
|Priest training||||44,006|44,006|23,757|
|Academy
formation|8|school costs||||200,000|
|Youth Service||||(711)|(711)|4,185|
|Services to Parishes|8 Chaplaincies||494,980|110,871|605,851|572,043|
|Retired Priest Welfare||fund||136,185|136,185|132,400|
|Justice 8 Peace||||3,000|3,000|3,000|
|National assessments||||25,975|25,975|27,572|
|Finance charges|||23,306|32,221|55,527|23,709|
|Governance
costs||||71,384|71,384|116,162|
|Diocesan events||||556|556|1,273|
|Lourdes||||601|601|5,187|
||||3,514,727|1,637,062|5,151,789|4,688,397|
|Total 2021|||3,003,049|1,685,348|4,688,397||
##
##
##
##
||||Total|Total|
|---|---|---|---|---|
|||Curial|funds|funds|
|||2022|2022|202'I|
|Staff costs||335,787|335,787|278,585|
|Establishment|costs|24,341|24,341|25,811|
|Administration||25,400|25,400|15,935|
|Motor and travel||11,564|11,564|10,842|
|Bishop & Clergy Support||20,471|20,471|(6,529)|
|||417,563|417,563|324,644|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||E||
|Fees payable|to the Diocese's auditor||for the audit ofthe Diocese's annual|||
|financial statements||||16,500|16,000|
|Fees payable|to the Diocese's auditor||in respect of:|||
|Accountancy|and taxation|advice||5,300|16,012|
##
|||||2022f|2021|
|---|---|---|---|---|---|
|Wages and|salaries|||771,460|763,459|
|Social security costs||||76,155|74,643|
|Contribution|to defined|contribution|pension schemes|68,544|71,202|
|||||916,159|909,304|
##
##
|||2022|202/|
|---|---|---|---|
|||No.|No.|
|Curial|employees|25|23|
|2022|2021|
|---|---|
|No.|No.|
##
##
##
|||Parochial|Curial|Curial|Total|Total 2021|
|---|---|---|---|---|---|---|
|||Unrestricted|Unrestricted|Restricted|||
|||Funds
f|Funds|Fundsf|||
|Realised gains|||29,062||29,062|14,165|
|Unrealised|gains|1,833,799|(291,513)|(14,657)|1,527,629|4,121,181|
|Total 2022||1,833,799|(262,451)|(14,657)|1,556,691|4,135,346|
|Total 2021||1,892,342|2,225,722|17,282|4,135,346||
||Freehold|Motor|Fixtures and|Office||
|---|---|---|---|---|---|
||property
F|vehicles
f|fittings
f|equipment
F|Total
f.|
|Cost||||||
|At 1 January 2022|14,133,542|35,276|790,894|74,085|15,033,797|
|Additions|159,239|32,777|11,114|5,234|208,364|
|Disposals||(4,880)|||(4,880)|
|At 31 December 2022|14,292,781|63,173|802,008|79,319|15,237,281|
|Depreciation||||||
|At 1 January 2022|4,616,099|12,618|383,014|73,516|5,085,247|
|Charge for the year|151,292|6,994|12,287|1,267|171,840|
|At 31 December 2022|4,767,391|19,612|395,301|74,783|5,257,087|
|Net book value||||||
|At 31 December 2022|9,525,390|43,561|406,707|4,536|9,980,194|
|At 31Oecember 2021|9,517,443|22,658|407,880|569|9,948,550|
##
##
|TANGIBLE FIXEDASSET|SPLIT|||||
|---|---|---|---|---|---|
||Freehold|Motor|Fixtures|Office||
|Curial|property
F|vehicles
E|and fittings
E|Equipment
f|Totalf|
|Cost||||||
|At 1 January 2022|1,017,534|35,276||74,085|1,126,895|
|Additions|2,621|32,777||5,234|40,632|
|Disposals||(4,880)|||(4,880)|
|At 31 December 2022|1,020,155|63,173||79,319|1,162,647|
|Depreciation||||||
|At 1 January 2022|344,524|12,618||73,516|430,658|
|Charge for year|12,953|6,994||1,267|21,214|
|At 31 December 2022|357,477|19,612||74,783|451,872|
|Net book value||||||
|At 31 December 2022|662,678|43,561||4,536|710,775|
|At 1 January 2022|673,010|22,658||569|696,237|
|Parochial||||||
|Cost||||||
|At 1 January 2022|13,116,008||790,894||13,906,902|
|Additions|156,618||11,114||167,732|
|At 31 December 2022|13,272,626||802,008||14,074,634|
|Depreciation||||||
|At 1 January 2022|4,271,575||383,014||4,654,589|
|Charge for year|138,339||12,287||150,626|
|At 31 December 2022|4,409,914||395,301||4,805,215|
|Net book value||||||
|At 31 December 2022|8,862,712||406,707||9,269,419|
|At 1 Janaury 2022|8,844,433||407,880||9,252,313|
|Total 2022|9,525,390|43,561|406,707|4,536|9,980,194|
|Total 2021|9,517,443|22,658|407,880|569|9,948,550|
##
##
##
||Parochialf|Curialf|Totalf|
|---|---|---|---|
|Valuation||||
|At 1 January 2022|17,691,160|15,665,257|33,356,417|
|Additions||160,637|160,637|
|Revaluation|2,023,756|1,856,994|3,880,750|
|Transfer|(260,000)|260,000||
|Impairment|(189,957)||(189,957)|
|At 31 December 2022|19,264,959|17,942,888|37,207,847|
##
##
|||Investments|||||
|---|---|---|---|---|---|---|
|||in||Investments|||
|||subsidiary||in|Listed||
|||companies|f|associates
f|investments
f|Totalf|
|Cost or valuation|||||||
|At 1 January 2022|||||7,508,395|7,508,398|
|Additions||||3,999|643,668|647,667|
|Disposals|||||(386,347)|(386,347)|
|Revaluations|||||(1,386,757)|(1,386,757)|
|Transfers|between classes||||(83,549)|(83,549)|
|At 31 December 2022||||4,000|6,295,410|6,299,412|
##
##
##
|The following|w|as a subsidiary
un|dert|aking
ofthe|Diocese:|Diocese:||||
|---|---|---|---|---|---|---|---|---|---|
|Name||||Company|Principal
activity||Holding|Included
in||
|||||number||||consolidation||
|Diocesan Property
Management||||02960826|Building contractor||100%|Yes||
|Limited|||||and|property||||
||||||developer|||||
|The financial|results ofthe subsidiary|||for the year|were:|||||
|Name||||||Expendituref|(Loss) for
the yearf||Net assetsl
(liabilities)f|
|Diocesan Property
Management|||Limited|||698|(698)||(14,864)|
|The following|was an associate of||the|Diocese:||||||
|Name||||||Income for|Expenditure||Profit I|
|||||||the year|for the yearf||(Loss) for
the yearf|
|Inter-Dicoesan||Fuel Management|Limited|||13,008,144|(12,994,961)||13,251|
##
|20.|DEBTORS||||||
|---|---|---|---|---|---|---|
|||||Curial|Total|Total|
|||||2022f|2022f|2021f|
||Debtors
in over 1 year:||||||
||Amounts
owed||by group companies|686,952|686,952|684,986|
||Debtors within one year:||||||
||Trade debtors|||48,325|48,325|18,267|
||Other debtors|||133,785|133,785|332,469|
||Other debtors||—school loans|374,061|374,061|334,682|
||Prepayments|and accrued income||24,768|24,768|14,480|
|||||1,267,891|1,267,891|1,384,884|
|21.|CURRENT ASSET INVESTMENTS- CURIAL||||||
||||||2022f|2021|
||Listed investments||||4,603,942|5,272,014|
##
##
##
|ONE|YEAR||||||
|---|---|---|---|---|---|---|
||||Parochial|Curial|Total|Total|
||||2022|2022|2022|2021|
|Bank|overdrafts|||6,672,511|6,672,511|6,280,156|
|Bank|loans
& 1|yr||27,951|27,951|603,000|
|Loans|& 1 yr|||5,889,040|5,889,040|5,989,040|
|Trade|creditors|||178,029|178,029|64,549|
|Other|taxation|and social security||19,488|19,488|19,972|
|Other|creditors|||213,943|213,943|165,098|
|Other|creditors|- school loans||616,158|616,158|305,678|
|Accruals|||48,797|53,640|102,437|134,532|
||||48,797|13,670,760|13,719,557|13,562,025|
##
|CRE
ONE|DITORS: AMOUNTS
FALLING D
YEAR|UE AFTER|||
|---|---|---|---|---|
|||Curial|Total|Total|
|||2022f|2022
f.|2021|
|Bank|loans|451,086|451,086||
|||451,086|451,086||
##
##
##
##
|STATEMENT O|F FUNDS - CUR|RENT YEAR|||||
|---|---|---|---|---|---|---|
||As restated|||||Balance at|
||Balance at 1|||||31|
||January|||Transfers|Gains/|December|
||2022f|Income
f|Expenditure
F|in/out
f.|(Losses)f|2022
E|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|StJohn of|||||||
|Beverley|||||||
|Designated|||||||
|fund|587,089|||||587,089|
|John Paul|||||||
|Centre|||||||
|Designated|||||||
|Fund|440,768|14,947|||(110,402)|345,313|
|Parochial|||||||
|Designated|||||||
|funds|392,212|||||392,212|
||1,420,069|14,947|||(110,402)|1,324,614|
|General funds|||||||
|Unrestricted|||||||
|funds Parochial|34,555,278|3,852,969|(3,328,745)|37,321|1,833,799|36,950,622|
|Unrestricted|||||||
|funds Curial|11,945,616|1,425,107|(1,899,412)|(27,150)|(2,009,043)|9,435,118|
|Revaluation|||||||
|reserve
Curial|4,543,596||||1,856,994|6,400,590|
||51,044,490|5,278,076|(5,228,157)|10,171|1,681,750|52,786,330|
|Total|||||||
|Unrestricted|||||||
|funds|52,464,559|5,293,023|(5,228,157)|10,171|1,571,348|54,110,944|
##
##
##
||As restated|||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||||31|
||January|||Transfers|Gains/|December|
||2022|Income|Expenditure|in/out|(Losses)|2022|
||E|E|E||E|E|
|Restricted|||||||
|funds|||||||
|Retired Priests|||||||
|Welfare
Fund|1,585,597|90,569|(86,382)|15,856||1,605,640|
|Priests' Training|||||||
|Fund|1,061,369|500,199|(36,591)|(12,465)|(17,074)|1,495,438|
|Lacy Fund|300,379||33,213|||333,592|
|Lourdes Sick|||||||
|Fund|252,885|22,224|(35,523)|5,000||244,586|
|Catholic
Child|||||||
|Care|119,608|1,707|(2,857)|100||118,558|
|Cecil H Walker|||||||
|Memorial
Fund|99,305|993||||100,298|
|Mike McCullagh|||||||
|Memorial
Trust|||||||
|Fund|63,812|861|||2,417|67,090|
|Mathias
Smyth|||||||
|Memorial|||||||
|Masses Fund|50,467||(3,600)|||46,867|
|Levy Fund|||||||
|(Active Priests)|40,742|||||40,742|
|Common
Stock|37,598||(376)|376||37,598|
|Mensal
Fund|30,400|304|4,514|||35,218|
|Church|||||||
|Extension
Fund|44,360|||(44,360)|||
|Parochial|||||||
|Restricted|||||||
|funds|416,892|228,283|(198,610)|||446,565|
|Other|||||||
|Restricted|||||||
|funds below|||||||
|E25k each|137,248|851|(65,733)|25,322||97,688|
||4,240,662|845,991|(391,945)|(10,171)|(14,657)|4,669,880|
|Total offunds|56,705,221|6,139,014|(5,620,102)||1,556,691|58,780,824|
##
##
##
|STATEMENT O|F FUNDS - PRI|OR YEAR|||||
|---|---|---|---|---|---|---|
|||||||As restated|
|||||||Balance at|
||Balance at|||||31|
||1 January|||Transfers|Gains/|December|
||2021|Income|Expenditure|in/out|(Losses)|2021|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|StJohn of|||||||
|Beverley|||||||
|Designated|||||||
|fund|550,000|37,089||||587,089|
|John Paul|||||||
|Centre|||||||
|Designated|||||||
|Fund||462,157|(21,390)|||440,767|
|Parochial|||||||
|Designated|||||||
|funds|392,212|||||392,2'/2|
||942,212|499,246|(21,390)|||1,420,068|
|General funds|||||||
|Unrestricted|||||||
|funds Parochial|31,575,361|3,998,957|(2,742,343)|(169,039)|1,892,342|34,555,278|
|Unrestricted|||||||
|funds
Curial|11,886,774|1,118,298|(1,817,722)|85,560|672,707|11,945,617|
|Revaluation|||||||
|reserve
Curial|2,990,581||||1,553,015|4,543,596|
||46,452,716|5,117,255|(4,560,065)|(83,479)|4,118,064|51,044,491|
|Total|||||||
|Unrestricted|||||||
|funds|47,394,928|5,616,501|(4,581,455)|(83,479)|4,118,064|52,464,559|
##
##
|||||||As restated|
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||||31|
||1January|||Transfers|Gainsi|December|
||2021|Income|Expenditure|inlout|(Losses)|2021|
|Restricted|||||||
|funds|||||||
|Retired Priests|||||||
|Welfare
Fund|1,623,745|52,944|(132,400)|41,308||1,585,597|
|Priests' Training|||||||
|Fund|668,293|381,785|(3,657)|14,948||1,061,369|
|Lacy Fund|289,926|||10,453||300,379|
|Lourdes Sick|||||||
|Fund|221,122|34,738|(5,187)|2,211||252,884|
|Catholic Child|||||||
|Care|117,859|470||1,279||119,608|
|Cecil H Walker|||||||
|Memorial
Fund|98,321|||983||99,304|
|Mike McCullagh|||||||
|Memorial
Trust|||||||
|Fund|60,154|3,057||602||63,813|
|Mathias
Smyth|||||||
|Memorial|||||||
|Masses Fund|55,917||(5,450)|||50,467|
|Levy Fund|||||||
|(Active Priests)|32,443|||8,297||40,742|
|Common
Stock|37,222|||376||37,598|
|Mensal
Fund|26,872||(16,74I)|20,269||30,400|
|Church|||||||
|Extension
Fund|44,360|||||44,360|
|Parochial|||||||
|Restricted|||||||
|funds|197,626|341,325|(91,598)|(30,463)||416,890|
|Other|||||||
|Restricted|||||||
|funds below|||||||
|225k each|110,336|40,721|(27,022)|13,216||137,251|
||3,584,196|855,042|(282,055)|83,479||4,240,662|
|Tptai pf funds|50,979,124|6,471,543|(4,863,510)||4,118,064|56,705,221|
##
##
##
##
##
##
##
|ANALYSIS OF NET ASSETS BETWEEN FUNDS|- CURRENT YEAR|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022|2022|2022f|
|Tangible
fixed assets|9,980,194||9,980,194|
|Fixed asset investments|6,299,412||6,299,412|
|Investment
property|37,207,847||37,207,847|
|Debtors due after more than one year|686,952||686,952|
|Current assets|14,107,182|4,669,880|18,777,062|
|Creditors due within one year|(13,719,557)||(13,719,557)|
|Creditors due
in more than one year|(451,086)||(451,086)|
|Total|54,110,944|4,669,880|58,780,824|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS|- PRIOR YEAR|||
||As restated||As restated|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2021|2021|2021|
|Tangible
fixed assets|9,948,550||9,948,550|
|Fixed asset investments|7,508,399||7,508,399|
|Investment
property|32,796,804|559,613|33,356,417|
|Debtors due after more than one year|684,986||684,986|
|Current assets|15,087,845|3,681,049|18,768,894|
|Creditors due within one year|(13,562,025)||(13,562,025)|
|TotalAsrestated|52,464,559|4,240,662|56, 705,221|
##
##
##
|27.|AMOUNTS
DUE TO||8 FR|OM PARISHES|||||
|---|---|---|---|---|---|---|---|---|
|||||||Amounts|Amounts||
|||||||due to|due from||
|||||||Parishes|Parishes|Total|
||Balance at 1 January|||||7,344,121|(4,172,094)|3,172,027|
||Parish
Levy||||||(730,947)|(730,947)|
||Legacy recieved|||||50,000||50,000|
||Expenditure
by Diocese on|||behalf of Parishes|||(107,816)|(107,816)|
||Transfers
and repayments|||of loans||39,750|526,333|566,083|
||Investment
Property||transferred|||260,000||260,000|
||Balance at 31 December|||||7,693,871|(4,484,524)|3,209,347|
||RECONCILIATION|OF NET MOVEMENT|||IN FUNDS|TO NET CASH FLOW|FROM OPERATING||
|28.|ACTIVITIES||||||||
||||||||2022|2021|
||||||||f.||
||Net income for the year (as per Statement||||of Financial|Activities)|2,075,603|5,726,096|
||Adjustments
for:||||||||
||Depreciation
charges||||||171,840|179,235|
||Gains on investments||||||(1,727,742)|(4,135,360)|
||Dividends,
interests|and rents from investments|||||(1,703,756)|(1,507,377)|
||Loss/(profit)
on the sale of fixed assets||||||3,880|(157,347)|
||Decrease
in debtors||||||116,993|112,627|
||Increase
in creditors||||||732,581|137,661|
||Net cash provided|by/(used
in) operating|||activities||(330,601)|355,535|
|29.|ANALYSIS OF CASH AND|||CASH EQUIVALENTS|||||
||||||||2022|2021|
||Cash
in hand||||||13,592,181|12,796,982|
||Total cash and cash||equivalents||||13,592,181|12,796,982|
##
##
##
##
||||||At 1||At 31|
|---|---|---|---|---|---|---|---|
||||||January||December|
||||||2022|Cash flows|2022|
|||||||f.||
||||||F|||
|Cash|at bank and||in hand||12,796,982|795,199|13,592,181|
|Bank|overdrafts|repayable||on demand|(6,280,156)|(392,355)|(6,672,511)|
|Debt|due within|1|year||(6,592,040)|675,049|(5,916,991)|
|Debt|due after 1 year|||||(451,086)|(451,086)|
|Liquid|investments||||5,272,014|(668,072)|4,603,942|
||||||5,196,800|(41,265)|5,155,535|
##
##
##