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2021-03-31-accounts

Trustees snd professional
Advisors		 Trustees snd professional
Advisors
Report ofthe Trustees 2-6
Statement ofTrustees' ResponsiMities
Independent
Auditor's		 Report Sa—8c
Statement ofFinancial Activities
Balance Sheet 10
Statement ofcash flows 11-12
Notes tothe 5nsncial statements 13-23

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Pamchial Total Funds Total Funds
2021 2020
Fixed Assets
Tsngtl&le assets 11 2.168,679 2,168479 ~58399
Investments 12 132,000 3,099,77$ 3,231,778 2,7054'17
Total gxcd assn!s 132000 5~8,457 5,400,457 4,9&4016
13 166,780 3953189 562,669 404,471
2,488,347 1,588,075 4)07tu423 4,374Q98
Total current assets 2,655,128 1,983,964 4,639WZ 4,77$,769
LIABILITIES
Creditors: Amounts gdgag dae
within one year 14 $4.978 333,081 418i060 775,880
Net current assets ~70,149 1,650,883 4~1,032 4,002,889
Total Assets less current gabigues 2,702,149 6,919,340 9,62L490 8,966,904
Inter fund balances 1,022,642 (1,022,642)
Net Assets 3TA V92 5,8M,698 9,671,490 8,966,904
Restricted funds
Endowment
fimds		 15 385,634 115&904 501~ 424,424
Restricted income funds 16 2,815,008 Q15,008 2,601,524
Vurestricted
fimds:		 3,339,15$ 2,965,786 5,940,956
3,724,792 5,896,698 9,621/90 8,966,904
lbc oclm eopages 13to 23 fmm psst ofibcse gosocisl snsuoum
The Fhumcial
Senenusus		 were appmved an: g f.g g 41&&~~ t'ai QQ (

2021
Cash Sons from operafiag aetlvltleu
Cash secreted gom operetioes ~518,171 185341
Nre cash provided
by (used in) epemtlag		 activities 185,541
Cash Smm fwm iuvestlag ecnvtties:
Pmduus oftenggde Seed esseu
Pmduue ofSaul asset~
SaleofSued asset~		 (533,412)
580,546		 (408~)
425.733
Saleofumgihle Seed seam 76,502 i62,612
beenat rccencxl 810 3,920
ivideads mmtved 132,744 104,022
Net cosh provided
by (used ia) investing		 ncavtdcs 257.189 288.004
Gtsh Sons loom Snaactag aetivtaeu
Cspibd
epeymenm
m year
Nct cash prevhlcd
by (used ia) Sasndng		 acgvtaes
Change in cash snd cash eqnivutenu ia the
rcpergng tasted (260,982) 473,545
Cash ead cosh estatvsteats
atthe begiaaing ofthe
reperlmg
ported		 4,749,466 4g75,921
Cash aad eesb egulvaleats atthe ead ef thc
Icpsraeg pated 4,488,484 4,749,466
Ths sotss onesses 13te 23fmm sertofnese dauctat~

2020
8
Net tncome4expeadtturc)
fortbe reporgng period (ssper
the statcmest ofttnsactet scgvtties)
ed)oetmonte fer:
cbsrtm
(~ostavestmcam
Ptogt oadbpessl of7bogible gxed eseets		 654485
83,814
(544452)
(62.745)		 $5,413
1402t05
(1532133)
becrest received (133,553) (144,6$4)
(beseem)ldeeasse
in debinrs
Jnaeess'(decresm)
iacredttom		 (158,198)
~57820		 309.100
~116,M0
Net cssb provided by (mcd ia) opcrsgng activities (51$,171) 185,541
RIENEVIA DIOCESAN TRUST
Notus to the Iriaugstst
Stgtateentn -31Mayuh 2021
1. ACCOUNTING POLICIES
BashoftcpasstM of ccoounta
The flaaarisl
sademeaa ofIbe charity, which is apubgc baaeflt cathy under FRS 102,have been prepmx1 iaaaerdaue
with tbc Cbanlies SORP (FRS 102)
'Accandmg
ead
sporting by Cbaities: Staemtnt of Recommended
Precdce appiidde to
bsrities pupsriag
tluir acmads in sccadimce wilh de Financial
Reporting
sumdcul
applicable
inse UK aad Rcpnbge ofhulsad (FRs 102)(aflbriim
1 Jsauary 2013y, fiaaaaal~stsadan! 102 The Fbeadel
Reportbtg Standard spylicsble in tbcVK aad Rcyubgc oflrebuuy. The Scsucud~have bees prcpaed uader Ibe bistoriad mst comaatioa ss modiTied
by the vabrstioa offlxed assetIn~.
Pubgc Bcacflt
Tbe cbaity aesgaues apublic bcnagt adity as de6aal by FRS 102. Assam snd isbgities are initisgy raegoiaxi st historical cost ortnesacaou value areas
cderwim saM iade relevant accounting pohcy note(s).
Gomg crucem
Tbe Tnetees amma of tbe opiniea that tbe Diocae amtinum under the going concern
assumption
assay~decisioa to change the cuueat status oftbe
Diocese of blenevie would take aminiman
period of12numtbs toimp~
aud Ihus tbe Diocese would thautbm
eflbctively be able tn eccunee ss aviable,
~gcbtg couccm far 12mouths.
Criricri~estinuum
and areas ofjudgsnum
prepsraM ofde aaxnuas rayures tbe Tmstacs sad~tomakerigtdflcsmj~
aud estiauum
The items in Ihe eocoane whiae thesejudgeauea sad estmurtm
have baca made inriuds:
-auimsdng
the useful lifeofumgible Reedsects lethe purposes ofexamining
adcyrecisrira
charge;
de castoftbs parish fimcdoasl gxcd assets, bebung
pmyerty,
that wae held st31Mech 1990.
the value of~funds meded atSeyea ead to meet speciflc Same
xpeadium.
Serccovay ofGifl Aid which ismbmSM toHMRC post year cud

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Unrestricted
P~		 Unrestricted
P~		 Bmds
Curial		 Restricted
Parochial		 Fends
Curial		 2021 2021 2020
6
949,075 4,564 12,494 3,141 969474 1,173,165
60,900 60rn10 20,813
161,780 161,7$i 203,104
Total 1,171,755 4,564 12,494 3,141 1,191,954 1,397,083
4.Income from Charitable activitiesU~ Bmds Restricted Fuads
Pamchial Curial Pamchial Curial 2021 2020
f, 6 6
Grants 85,484 131,805 217~9 417,471
Rmnal Income 19,483 19,4$3 102,572
Total 104,966 131,805 236,771 520,043
The Charity's p operties are med~forfunctional
pmposes, bot within		 such tuopernes, some hans snd mome are occasionally
rooted ont, oaen arr purposes cocsisamt with the charitable sfms ofthe charity, resulting iethe income shown above.
5.Other Trading activitisn
Uneestricted Bmds Restricted Funds
Parochial Curiai Parochial Curial 2021 2020
f, 8
Chaplaincies 32,526 32~6 16,182
CandletviePosaory and
20,473 20,473 72,690
Social clubs 510 510 5,017
Fundrrming events 18,966 IS/66 93,937
Other parish aotivities 2,720
Managmnent charges 52,048 52,048 51,028
Oiher income 43,533 10,560 54,092 124,684
116,007 62,608 17$di15 366357
6.Investment iacome
Umestricted Restricted Endowment
Funds Punds Funds 2021 2020
6 f. e 6
Arismg on quoted investments 80,551 41,029 11,163 132,744 119,355
Bank iuteren 810 $10 4,884
Comnum
Investment		 Fund
81,361 41,029 11,163 133~ 124&8

7.CHARITABLE A C TIVITIE S
Unrestricted Restncted Total Total
Parochial Curial Parochial Cunal 2021 2020
Pasroral Note f I f
Church runnmg
costs		 128,752 128,752 240,639
Utilities &Council tax 226,840 2263140 262,193
Water charges 25,711 25,711 30,923
Insurances 53,453 53,453 62,215
Maintenance ofequipment 55,013 55,013 44,676
Statf costs 7,739 7,739 11,468
Parish administrative costs 96,643 96,643 111,594
Other parish costs 36,111 36,111 7,000
Centrally
funded services		 10,649 10,649 14,817
Safeguarding 205 205 1,763
Share ofcentral support costs 7.1 87,996 87,996 92,425
630,264 98,850 729,113 879,712
Clergy Suppose
Clergy stipends & allowances 193,431 193,431 166,493
Travel 46,734 46,734 158,412
Clergy training 28,025 2S,025 69,518
Housekeeping
&sundries		 109,009 109,009 125,997
Clergy welfare &support 57,515 57,515 34,824
Other clergy costs 2,901 2,901 5,770
Grants to retired clergy 78,482 78,482 67,949
Share ofcentral support costs 7.i 87 996 87,996 92425
349,174 254,918 604,092 ~721 388
Edncoiion
Religious Education 684 67 751 6,002
School expenditure from Legacy
Grants for school repairs
Share ofcentral support		 costs 71 73,330 131,805 131,805
'73,330		 369,438
~77 020
73,397 131,805 205,886 452,460
Bmldings
Repairs &maintenance 32,407 64,440 96,847 66,858
Capital expenditure on buildings 184,380 184,380 620,651
Historic churches 469 469 1,418
Depreciation 83,814 83,814 84,053
Professional Fees 18,698 18,698 17,708
Share ofcentral support costs 43,998 43,998 46,212
216,787 211,418 42S,205 836,899
Total I,196,908 638,583 131,805 1,967496 2,890,460
Unrestricted - Curial 2021 2020
7.1SUPPORT COSTS Stair Costs
f		 Other Costs Total Totalf
Curial overheads 195,673 18,683 214357 239,099
Travel &Conferences 1,015 1,015 8,797
Bishop's Adminisuation 259 259 4,963
Legal &Professional fees 4,481 4,481 13,453
Equipment
depreciation		 292
Bank Charges 12,854 12,854 12,225
Computer Costs 9,084 9,084 7,632
Other 22,349 22@49 (9,880)
Governance
costs		 10,830 10,830 10,800
Investment
Management		 fees 18,091 18,091 20,701
97,645 293419 308,082
Pastoral 31PA 87,996 92,425
Allocation to charitable activities: Clergy Support 30% 87,996 92,425
Education 25% 73,330 77,020
Buildmgs 15% 43,998 46212
100% 293319 308,082

8.STAlV COSTS
Employee Costs
PerishI		 Curialf 2021f 2020f
Gross ndsries
7,739		 171528 179467 187,395
National
asurance		 15,140 15Q40 14,479
Pensions
7.739		 10,486
197,153		 10r486
RNJSX		 10381
212.1x
The average weetdy number offull and pmr time rmployras
analysed by Smcdon wss:
2021 2020
Number Number
Curial and Diocesan Statf 6 6
Parish employees (excludiag clergy) 1 2
8
Thc number whose emoluments
exceeded 560,000(including bcoadts bta excluding crap)eyer's pension
ccntribetioa) were:
The total remuocrstitm
forhey~employees in2021was 6103.534 t2020:6102035)		 Nil Nil
Trustees who aho Smctioa ssparish priests ma eligible tn receive parish gnmts of53000per nomen and are
accommodation
sed expasses bySm parish tewhich they sre~		 also pmvided wilh living
The Bishop isprovided whh abouse and his expanses in csnyicg out his duties ss Bishop which are paid outofcurial funda
Noae ofthe Trustees received~srexpeemu in respect oftheir dunes as Trustees.
Tbe Charity opcaaes adegncd conuihunon
pension schema Tbe assets ofthe scheme mcheld~Som those ofthe
an independently~furxL ltm peosieo cast charge represents
conutbattrm
payshte by the charity to tbeemd.		 charity in
Avenues
in sm sum of510486(2020:fltb281) wme due in respect ofem year.
Amoanm offoil (2020:5995)wereor atthe balance sheet date.

Churches
dt		 Ecttdpment
Other Property dk vehicles Total
Cost 6
Atl April 2020 4~,731 26,966 6L229,697
Additions
Dhposals (11,940) (11,940)
At 31March 2021 4,190,791 26,966 49217,757
Depreciation
At 1April 2020 1,944332 2tj966 199719298
Charge foryear 83,814 83dt14
Disposale (6,034) (6,034)
At 31March 2021 2,022,112 26,966 2,049,078
Net BookValue
At 1April 2020 2258299 - 5588299
At 31March 2021 2,168,679 — 2,&C,679

Curial
2021 2020
Listed investments
-unit fund
Market value at beginning ofyear 2+73&617 2,923,067
Additions 5335412 395,332
Disposals (551W3) (416,033)
Gains/(Loss) on revaluation 5445252 (328,749)
Market value at end ofyear 350995778 2,573,617

13,DEB TO RSAND PR EPAYMENTS
2021 2020
8 6
Gill aid 161,7$0 201365
Loans to school Governors in respect ofrepair costs 104,667 115,167
Car loans to clergy 2,700 7,250
Prepayrnents and accrued income 2$„)t69 31,476
Other debinm 264~3 49314
562,669 404,47l
14.CREDITORS AND ACCRUED EXPENSES
2021 2020
8 5
Bank overdrsfts 227399 5$9,1I6
Diocesan appeal fund 52)420 70,945
Amounts owing to other religious bodies 10,720 26,105
Accruals 41,531 24,349
Tax&NIC 4)t83 5,170
Other creditors 81,006 60,195
41$,060 775,880

Balsace Balsace incoming incoming Expendrture Iaovcatcnts Balance
I April 2020 resources pergOFA Nct Tmmfws carevaluadon 31March 2021
Curial f f f f
Ann Wedd trust 10,751 281 (648) 2,015 12Q99
Father Welsford fund 86687 2 344 16818 103505
97,439 2,625 (2,991) 18,832 115B04
Parecbral
Foundation
Masses		 32309 844 (1,103) 6,054 38,104
Parish trusts 294,676 7695 (10,058i 55317 347,530
326,985 8,539 (11,1OI) 61,271 385,634
Total endowment funds 424,424 11,163 14,152 80,103 501,538
16.RESTRICTED FUNDS Balance Incoming Expendrture movements Balaace
I April2020 reseal'ccs persOFA Net Irsnsfers on revaluauon 31March 2021
Curial f.
Bishop's fund 51,902 51,902
Poor nusstons 248,826 5679 7233 40,752 302,490
Poor parishes 39,105 39,105
Priest tnuning
fund		 702,107 17,088 (89,319) 122,186 752,063
Welsh missal 15,106 15,106
Cathedral
chapter		 10,858 10/58
Sicka retired clergy 140,790 6,593 14,236 30,911 192,530
Mental Health Fund 1,200 1,200
Hermit fund 1,500 1,500
Special masses 700 700
Saunders Lewrs trust 1,660 1,660
Cardtgan
Shrine		 650 650
Jubilee Appeal fund 1,272,045 13,314 (54,704) 89,825 Ia20,480
Ann Wedd trust 4,847 4,847
Mensal a Episcopal fund 32,114 733 934 5,260 39,040
Lewis fund 30+40 762 (2,805) 5,470 33,667
Diocesan Youth fund 32,372 2,344 34,715
Educanon Fund (22,023) 131,805 (131,805) 22,023 0
Diocesan Collecnons 37524 (25 030) 12,494
The spscrjfc purposes forwhich rhs majorjbnds are to be apphed are asfollows:
Bishop's fund Tl
s fund u for proiects as		 approved by the Bishop
Poor missions/ Poor Parishes Tb f dier
tb
I f		 fp my 'tb
tl		 nio sv
Priest tralniag Ibad Tiusrccdistoscpporttbctrncngcr pi n
Jubilee Appeal fund Tbi f di tos ppong&mdmt edctcrgy, sncsttrsiccgsccpsstor tpoj m
Mensal 4 Epbcopal fuad
Father Welsford fund		 Tiusf
Tb s fu		 dist
pp atb
4 istosuppon tee		 Bim p
If ca.
0ccessn Youth		 4 utmtveccstr.
Foundafron
«asses		 Tb' f Cistoscppontb eleve tpansb
Sicka Refired Clergy Tbisf Cistosuppcnacks dmeredciergy

2021 2020
Unrestncted
f		 Restncted
f		 Endowment Total Totalf
Tangible Fixed Assets 2, 168,679 2,168,679 2,258499
Investments 857,101 1,873,139 501,538 3,231,778 2,705,617
Other Net Assets 3,279,163 941,869 4,221,032 3,408,122
6,304,943 2,815,008 501,538 9,621,490 8,372,138
18.TRANSFERS
Unrestricted Restricted Endowment 2021
Parochial
f.		 Coital
f		 Parochial Curial
f.		 Parochial
f		 Curial
f		 Totalf
Parish assessments (278,602) 278,602
Gift Aid Admin Fee (8,288) 8,288
Special collections (12,494) 12,494
Transfer re Baselining ofRestncted Funds 139,927 (139,927)
Endowment
income (Due to Parishes)		 8,539 (8,539)
Endowment
income (Pmd to Parishes)		 11,162 (11,162)
Endowment
Funds change in value		 61,271 (61,271)
Ann Wedd Endowment income for Gen use 648 (648)
FrWelsford Fund 2,344 12.344)
(275,728) 427,465 (12,494) (125,090) 58,648 (72,801)