## ## ## ## |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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||t4o
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Vl| ## ## |||||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
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Ptogt oadbpessl of7bogible gxed eseets|654485
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(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
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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||| ## ## ## ## ||CI
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Cl'0| ## ## ## |||||||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)|| ##