2020-12-31-accounts - The Salford Diocesan Trust

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Report ofthe Trustee's:
Reference and Administrative			Intormation.		3-4
Bishops Introduction.
Chief Operating OtTicers		Report.
The Diocese in Numbers.
Organisation, Oblectives	and Activines.				8-14
Structure, Governance and			Management.		15-17
Our Volunteers.					17
I'undraising Practices.					18
Plans for Future Periods.					18
Financial Review.					19-23
Conclusion &Approval.	.				23
Report ofthe Independent			Auditors'		24-27
Financial Statements:
Consolidated Statement		ot I'inancial		Activity. .	28-29
Consolidated and Charity			Balance Sheet.		30
Consolidated Statement		ol' Cash Floxv.			31-32
Notes to thc ltinancial		Statements.			33-65
					2lpage

Total Income			2020%	2020	2010%	2019
				gm		gm
Donations and legacies	(including	offertory)		g;6.30	32%	$10.10
Other trading activities				/„060	13%	$2.40
Income From Investment				fl.lo	Ci"'	/1.20
Income from Charitable Other income	activines		'	$1.80 ~240	Ile 18%	g;2.10 ~3.5tl
				/'1 2.40		$19.30

Total Expenditure		2020		2019
		gm		gm
Raising funds	8'/o	1.30		10% 2,00
Charitable activities	926	16.00		90'/o 17.50
		g17.30		$19.50
Charitable Acdvities			2020	Yo	2019
			gm		gm
Parish Costs	55.B%		8.92	64.4%	11.29
Central &.Diocesan Costs	-/2 3%		6.78	30.5%	5.33
Governance Costs	V.7%		0.11	V.5%	0.08
Grant Payable			0.19	4.6%	0.80
	/00.0%		'16.00	/VV.0%	17.30

Year End to	the	31stDecember	31stDecember	2020
		PAROCHIAL		FUNDS		DIOCESAN		FUNDS		ENDOWMENT	2020		2019
	Notes	Unrestricted	Restricted		Total	Unrestricted	Restricted		Total	Total	Total funds		Total funds
		E	E		E	E	E		E	f.	E
INCOME AND ENDOWMENTS		FROM:
Donations and
legaoes	2.1	6,103,027	92,702		6,195,729	310,021		872	310,893		6,506,622		10,088,721
Other trading
activities	2.2	236,224			236,224	364,278			364,278		600,502		2,444,620
Income from
Investment	2.3	102,681			102,681	987,470			987,470		1,090,151		1,211,558
Income from
Charitable activities	2.4					1,785,715			1,785,715		1,785,715		2,094,629
Other income	2.5	1 130056			I 130056	I 252 895			I 252 895
Total Income		7 571988	92	702	7 664 690	4 700 379		872	4 701 251				19330854
EXPENDITURE ON:
Raising funds	3.1	100,094			100,094	1,181,399			1,181,399		1,281,493		2,015,675
Charitable activities	3.2	8,822,171	96,012		8,918,183	6,971,857	113,205		7,085,062		16,003,245		17,494,447
Total Expenditure		8 922 265	96	012	9018 277	8 153256	113205		8 266 461				9
Net Gains/(losses)
on investments						640 121			640 121
Net
income/(expenditure)		(1,350,277)	(3,310)		(1,353,587)	(2,812,756)	(112,333)		(2,925,089)		(4,278,676)		4,149,238
			The notes		on pages 33to	65 form part of these financial			statements
												28	l Page

											Diocese of	Diocese of	Salford	Trustees'	Annual	Report and Accounts 2020	Report and Accounts 2020	Report and Accounts 2020
										Financial	Statements		Consolidated		Statement		of Financial Activity
					PAROCHIAL		FUNDS		DIOCESAN FUNDS					ENDOWMENT			2020	2019
				Notes	Unrestricted	Restricted		Total	Unrestricted	Restricted		Total		Total		Total funds		Total funds
					6	6		E	E	E		E		E			6	6
Transfer	between
Funds					136,696	41,583		178,279	(217,189)	38,910		(178,279)
NET MOVEMENT IN
FUNDS					(1,213,581)	38,273		(1,175,308)	(3,029,945)	(73,423)		(3,103,368)				(4,278,676)		4,149,238
RECONCILIATION			OF	FUNDS
Total funds		brought
forward					38,320,459	160,784		38,481,243	71,416,687	1,884,643		73,301,330		1,456		111,784,029		107,634,791
TOTAL	FUNDS
CARRIED
FORWARD					37 106878	199	057	37 305 935

As At	3	1stD	ecemb	er 2020
					Group		Charity
					2020	2019	2020	2019
				Notes	6
Fixed assets
Tangible assets					36,674,267	36,624,556	36,302,124	36,131,775
Investment Property					500,000	500,000	500,000	500,000
Investments					38 806 419	38 259 841	38806 424	38 259 846
					75 980 686	75 384 397	75 608 548	74 891621
Current assets
Stocks					26,338	63,906
Debtors					4,910,244	5,041,893	5,839,377	6,090,288
Cash at bank and		in hand			41 311142			37442 991
Creditors
Amounts falling	due within		one year	10	(14,723,057)	(7,321,790)	(14,410,574)	(6,668,487)
Net current assets					31524 667	36399632	31869 229	36 864 792
Total assets less		current	liabilities		107,505,353	111,784,029	107,477,777	111,756,413
Total net assets					3t	»	0»»»
Funds
Unrestricted funds		—general			105,472,420	109,715,946	105,444,844	109,688,330
Unrestncted funds		—designated		14.3	21,200	21,200	21,200	21,200
					105,493,620	109,737,146	105,466,044	109,709,530
Restricted funds				14.1, 15	2,010,277	2,045,427	2,010,277	2,045,427
Permanent endowment						1456	1456	1456
Total funds					107505 353

Year to 31stDecem	ber	2020
					2020	2019
Cash flows from operating activities
Net cash income from the reporting	period				(4,278,676)	4,149,238
Adjustments to cash flows from	non - cash items
Depreciation					1,363,318	1,316,987
Investment income					(1,090,151)	(1,211,558)
Financial instrument (gains) / losses	through	statement	of financial	actiinties	(860,566)	(2,494,304)
(Profit) / loss on disposal offixed assets					(514,436)	(1,831,929)
(Profit) / loss on disposal offixed assets investments					220,445	(1,834,202)
					(8,160,066)	(1~905~768)
Working capital adjustments
(Increase) / decrease in stock					37,568	(7,886)
(Increase) / decrease in debtors					131,649	(1,514,842)
Increase / (decrease) in creditors					7,401,267	1,324,819
Net cash flows from operating activities					2,410,418	(2,103,677)
Cash flaws from investing activities
Interest received and similar income					201,760	136,802
Purchase tangible fixed assets					(1,469,173)	(2,989,416)
Sale oftangible fixed assets					570,582	1,884,504
Purchase of investments					(4,317,289)	(13,322,398)
Sale of investments					4,570,984	12,493,790
Income from dividends					888,389	1,074,755
Net cash from investing activities					445,253	(721,963)
Net increase/(decrease) in cash	and cash equivalents					(2,825,640)

		2020	2019
Cash	and cash equivalents at 1 3anuary 2020	39,067,944	41,893,584
Net	increase/(decrease) in cash and cash equivalents
Cash	and cash equivalents at 31December 2020
Cash	and cash equivalents Summary
Cash	at bank and in hand	41,311,142	38,615,623
Cash	held as part of investment fund	612,473	452,321

line basis and time apportionments are	made in the
Fixtures and fittings	10%
Motor vehicles	25%
Computer equipment	25%
Central freehold land and buildings

Charity has	interests in the following	interests in the following	interests in the following
Name, nature of business
							Class and number of
				Registered		Office	shares	Held
Subsidiaries
Catholic	Support Services	Limited		Cathedral	Centre,
Company	No. 02790890			3 Ford Street, Salford,			One ordinary	100
Support for Catholic schools, teachers and				Lancashire,
parishes,	provision of chaplaincy		services	M3 6DP
S.D.C.Trading Limited				Cathedral	Centre,
Company	No. 03481323			3 Ford Street, Salford,			Two ordinary	100
Social clubs in the Diocese of Salford				Lancashire,
				M3 6DP
Catholic	Building Services	Limited		Cathedral	Centre,
Company	No. 08020372			3 Ford Street,
Administration of building		projects		Salford,			Two ordinary	100
				Lancashire,
				M3 6DP
Associated Bodies
Inter-Diocesan Fuel Management			Limited	2 Park Road		South,
Company	No. 02891029			Birkenhead, Wirral,			One ordinary	11
Fuel and	power distribution	for Diocesan		CH43 4UX
properties	within the scheme

2.1.D	onations and	legacies
		Parochial	funds	Diocesan	funds	2020	2019
		Unrestricted	Restricted	Unrestricted	Restricted	Total	Tote I
							6
Donations		310,918	92,702	83,134	872	487,626	773,494
Legacies		422,843		226,887		649,730	1,280,801
Offertory	collections	5 369 266				5 369 266	8034 426
		6 103027	92 702	310021	872	6 506 622	10088 721

			Parochial	funds	Diocesan	funds	2020	2020	2019
			Unrestricted	Restricted	Unrestricted	Restricted	Total		Total
							e
Social	and fundraising
income			236,224		2,868		239,092		807,870
S.D.C	Trading	Limited			361410		36	410	1636750
			236 224		364 278		600	502	2 444 620

		Parochial	funds	Diocesan	funds	2020		2019
		Unrestricted	Restricted	Unrestricted	Restricted	Total		Total
Income	from listed
investments				888,389		888,389		1,074,755
Interest	on cash
deposits		102,681		75,986		178,667		129,491
Loan Interest Income				23 095		23	095	7 312
		102681		987,470		1 090	51	1211 556

		Parochial	funds	Diocesan	funds	2020		2019
		Unrestricted	Restricted	Unrestricted	Restricted	Totai		Totai
						6		6
Moston	82 Wardley
cemeteries				520,037		520,037		564,519
Catholic Limited	Support Services			1,265,678		1265678		153D,1	D
				1,785,715		1785	5	2694629

				Parochial	funds	Diocesan	funds	2020	2019
				Unrestricted	Restricted	Unrestricted	Restricted	Total	Total
				6	6				6
Other income				614,929		211,294		826,223	1,049,091
Rental Income				263,970		294, 125		558,095	519,923
Grant Income				163,686		320,464		484,150	90,383
Profit/(loss)on	disposal		of
fixed assets				87,471		426,965		514,436	1,831,929
Catholic Building		Services
Limited						47		47
				1 130056		1 252 895		2 382 951	3 49 326

					2020	2019
			Income	Expend&tore	Net Income	Net Income
			6	e	6	6
Catholic Building		Services Limited	33,649	33,603	46
Catholic Support		Services Limited	1,265,678	634,757	630,921	515,397
S.D.C. Trading	Limited		629 610	1 035 280	405 670	41 701
			1 928 937	1 703 640	225 297	557 098

3.	1.1.	Investment	management c	osts
			Parochial	funds	Diocesan	funds	2020	2019
			Unrestricted	Restricted	Unrestricted	Restricted	Total	Total
			E	E			E
Management	fees				150 119		150 119	161952
3.1.2.		Fundraising	costs
			Parochial	funds	Diocesan	funds	2020	2019
			Unrestricted	Restricted	Unrestricted	Restricted	Total	Total
							E
S.D.C Trading	Limited				1,031,280		17031280	1 5887499
Social and fundraising			100094				00094	265 224
			100 094		1031 280		1 131374	1853723
Total expenditure funds		on raising	100,094		1 181399		128,493	2 015675

			Parochial	funds	Diocesan	funds	2020	2019
			Unrestricted	Restricted	Unrestricted	Restricted	Total	Total
Clergy allowances			760,053				760,053	902,048
Wages 83 national	insurance		730,871				730,871	682,285
Diocese 6special	collections							162,518
Church 83 presbytery		supplies	5,047,724				5,047,724	6,618,128
Parish vehicles			27,885				27,885	45,530
Hall upkeep			80,523				80,523	195,087
Repairs and renewals			1,408,778	96,012			1,504,790	2,132,198
Other costs			5,000				5,000	21,554
Bank charges			49,794				49,794	37,380
Depreciation			711543				7 3 3	84391
			8,822,171	96012			8 918 183	11381 319

			Parochial	funds	Diocesan	funds	2020	2019
			Unrestricted	Restricted	Unrestricted	Restricted	Total	Total
			E	E			E	E
Wages ik national
insurance					2,483,138		2,483,138	1,918,107
Pensions					144,658		144,658	56,316
Staff costs	—other				157,508		157,508	118,506
Sick & retired		clergy
costs					783,338		783,338	669,862
Central property
overheads					765,785		765,785	235,001
Office costs					512,035		512,035	418,022
Property costs					141,878		141,878	187,539
Other costs					445,877	113,205	559,082	809,573
Subsidiary	costs				630,967		630,967	1,011,263
Bank charges					15,817		15,817	39,363
Bad debts provision					84,792		84,792	(861,092)
Depreciation					502 128		5~2 128	732 382
					6667921	113205	6 781 126	5 334841

	Parochial	funds	Diocesan	funds	2020	2019
	Unrestricted	Restricted	Unrestricted	Restricted	Total	Total
	E	E	E	E	E	E
Legal & professional			38,551		38,551	9,159
Auditors
remuneration			40,978		40,978	43,550
Accountancy
services			36 023		36 023	27 615
			115552		15 552	80 324

		Parochial	funds		Diocesan	funds	2020	2019
		Unrestricted	Restricted		Unrestricted	Restricted	Total	Total
			E		E	E	E	E
Catholic	'Truth Society							605,423
CATEW/NCF —gross					188384		188384	192 540
					188384		188384	797 963
Total expenditure on charitable activities		8 822 171	960	2	6971857	32~5	60032 5	9

Personnel Costs
						2020	2019
						E	0
Employee Salaries						3,214,009	2,600,392
Pension Costs						144,658	56,316
Other						157,508	118,506
Total Employee Costs						3 516 175	2 775	214
The average monthly number	of staff employed,			calculated		as full time equivalents	during		the year was as follows:
						2020	2019
						No.	No.
Central Diocesan employees						67	55
Parish employees (excludes	parish	clergy)				86	87
Cemeteries employees						8	8
						161	150
Employees receiving remuneration		over E60,000				2020	2019
						No.	No.
Between E60,000 to E69,999
Between E70,000 to E79,999
Between E80,000 to E89,999
Between E90,000 to E99,999
Between E100,000 to E109,999
Between E110,000 to E119,999
Pension costs to higher paid	employees					51 856	28	355
Contributions to a defined benefits the year		pension	scheme		during	NIL		NIL
Key management personnel contributions	received salary		and pension			54 532	325		53

3.5.Employee	3.5.Employee	Loans
						2020	2019
						no	no
At the year end,		there were	outstanding		loans to employees
The total	amount	of outstanding		loans was:		1337	2 731
3.6.Movement		in Net Funds
						2020	2019
This is stated after charging:
Auditors	remuneration - audit					40,978	43,550
		- other		services		10,602	8,394
Profit on	disposal	of tangible	fixed assets			514,436	1,831,929
Profit on	disposal	of investments				860,566	2,494,304
Depreciation of fixed assets						1,363,318	1,316,987
Finance	charges	payable				65,611	76,743

Group
	Properties	Fixtures ik Fittings	Computer Equipment	Motor Vehicles		Total
		E	E	E
Cost
At' 1/1/2020	49,916,199	4,391,887	163,036	37,098		54,508,220
Additions	1,355,775	102,474	10,924			1,469, 173
Disposals	88 745	11759				100504
At 31/12/2020	51 183 229	4482 602	173960	37	098	55 876 889
Depreciation
At 1/1/2020	15,029,721	2,707,215	110,940	35,786		17,883,662
Charge for the year	1,025,631	319,277	17,973		437	1,363,318
Disposals	40 156	4 202				44 358
At 31/12/2020	16015 196	3 022 290	128 913	36	223	19202 622
Net book value at
31/12/2020	35 168033	1460 312	45 047		875	36 674 267
Net book value at
31/12/2019	34 886 478	1684 672	52 096	1	312	36 624 556

Charity
	Properties	Fixtures & Fittings	Computer Equipment	Motor Vehicles		Total
		8	6	8
Cost
At 1/1/2020	49,600,051	3,098,891	158,949	37,098		52,894,989
Additions	1,355,775	65,908	10,924			1,432,607
Disposals	88 745					88 745
At 31/12/2020	50 867 081	3 164799	169873	37	098	54 238 851
Depreciation
At 1/1/2020	14,754,660	1,865,751	107,016	35,786		16,763,213
Charge for the year	1,012,344	182,916	17,973		437	1,213,670
Disposals	40 156					40 156
At 31/12/2020	15 726 848	2 048 667	124 989	36	223	17936727
Net book value at
31/12/2020	35 140 233	1 116132	44 884		875	36 302 124
Net book value at
31/12/2019	34845 391	1233 140	51933	1	312	36 131775

All of the tangible	fixed assets are used	fixed assets are used	the Charity	for its charitable	for its charitable	purposes	2020		2019
with the exception	of properties,	computer	equipment	and fixtures	and	fittings
with a net book value of
							372,	3	492 781

		Group			Charity	Charity
	2020		2019	2020		2019
	E		E	E		E
At 1st 3anuary	500,000			500,000
Additions			500 000			500 000
At 31st December	500	000	500 000	500	000	500 000

6. Fixed Asset	in	vestments
							2020	Group	2019	2020	Charity	2019
							6			6		6
Subsidiary undertakings
Participating Interest
					6.1						6	6
Investments listed		or traded	on a
recognised stock	exchange				6.2		38,193,945		37,807,519	38,193,945		37,807,519
Cash Held as part		of Investment
Fund							612,473		452,321	612,473		452,321
Total Investments							38 806	419	38,259 841	38 806	424	38 259 846
6.1.Investments		held as fixed assets
Investments held as fixed			assets
										2020		2019
Shares in group	undertakings		and	participating		interests
Shares in group		undertakings		and	participating		interests
									Subsidiary	Participating
									undertakings	Interest		Total
Cost
At 1Ianuary 2020
At 31December	2020									1		6
Net book value
At 31December	2020
At 31December	2019

.2. Investm	ents listed or t	raded on a recogn	ised stock exchange
Group and	Charity			2020	2019
Movement
Market value at 1 )anuary		2020		37,807,519	33,150,405
Additions at cost				4,317,289	12,822,398
Disposal proceeds				(4,570,984)	(12,493,790)
Net gain/(loss)				640 121	4 328 506
Market value at 31December 2020				38 193945	37 807 519
				2020	2019
				Market	Market
			Cost	Value	Value
			E	E	E
Analysed	by type
Bonds			6,620,435	7,321,442	7,146,977
Alternatives	82 Multi-Asset		2,141,697	5,539,073	5,476,937
UK Equities			11,017,187	9,226,106	12,000,365
Global Equities			3,707,500	6,072,857	4,338,663
North America			3,745,709	4,946,230	4,383,238
European equities			1,493,502	1,697,327	1,614,436
Far East			2,265,554	2,611,772	2,037,690
Rest of the	World		773 380	779 138	809213
			31764 963	38 193945	37 807 519
Anaiysed	by fund
Unrestricted			31,764,963	38,193,945	37,807,519
Restricted
			31764 963	38 193945	37 807 519
The charity	had no holdings	which comprised	more than 5%ofthe market value	2020	2019
of the portfolio at that date				NIL	NIL

				Movement
				In	Movement			Gains
				incoming	in resources			and
			Balance	resources	expended		Transfer	Losses	Balance
		Notes	Ol-3an-20						31-Dec-20
			E	E
Unrestricted
Funds		15	109,715,946	12,912,488	(17,075,521)		(80,493)		105,472,420
Restricted
Funds
Parishes Special
Collections			160,784	90,981	(96,012)		43,304		199,057
Pleasington
Priory			1,012,133						1,012,133
Stydd Trust			309,639						309,639
Stanford Trust			385,466						385,466
Ecclesiastical
Education	Fund		73,423	2,593	(113,205)		37,189
Other Restricted
Funds			103982						103982
			2,045,427	93,574	(209,217)		80,493		2,010,277
Designated
Funds			21,200						21,200
Endowment
Funds			1,456						1,456
TOTAL FUNDS			11178 029	13006 062	~27 28	738			107,505 353

				Movement
				In	Movement		Gains
				incoming	in resources		and
		Balance		resources	expended	Transfer	Losses	Balance
	Notes	01-san-19						31-Dec-19
Unrestricted
Funds	15	105,375,039		23,183,719	(19,248,941)	406,129		109,715,946
Restricted
Funds
Parishes Special
Collections			298,330	303,555	(162,518)	(278,583)		160,784
Pleasing ton
Priory			1,030,597			(18,464)		1,012,133
Stydd Trust			309,639					309,639
Stanford Trust			385,466					385,466
Ecclesiastical
Education Fund				172,086	(98,663)			73,423
Other Restricted
Funds			213 064			109082		103982
			2,237,096	475,641	(261,181)	(406,129)		2,045,427
Designated
Funds			21,200					21,200
Endowment
Funds			1,456					1,456
TOTAL FUNDS		0	634 791	23 659 360	~29 510 122			11 784 029

14.2.	Permanent	Endowm	ent Funds
				Movement	Movement		Gains,
				In	in		losses
				incoming	resources		and
			Balance	resources	expended	Transfer	transf era	Balance
		Notes	01-3an-20					31-Dec-20
SRCDTR			1,000					1,000
Moston & cemeteries	Wardiey		456					456
			1 456					1 456

			Movement	Movement		Gains,
			in	fn		losses
			incoming	resources		and
		Balance	resources	expended	Transfer	transfers	Balance
	Notes	Oi-3an-19					31-Dec-19
SRCDTR		1,000					1,000
Mos to n & Ward icy cemeteries		456					456
		1 456					1 456

At 31	st	December 2020	the Trustees	have	set aside funds	for the following	purposes:
					Movement	Movement
					in	in		Gains,
					incoming	resources		losses and
			Balance		resources	expended	Transfer	transfers	Balance
		Notes	01-Jan-20						31-Dec-20
Moston	&
Wardiey cemeteries			21,200						21,200
			22 200						22 200
At 31st		December 2019	the Trustees	have	set aside funds	for the following	purposes:
					Movement	Movement
					in	in		Gains,
					incoming	resources		losses and
			Balance		resources	expended	Transfer	transfers	Balance
		Notes	01-Jan-19						31-Dec-19
Moston	&
Wardley cemeteries			21,200						21,200
			22 2'						22 200

15. Fund	s:	movement	in the year
			Notes	Group 2020		2019		2020	Charity	2019
Unrestricted				E		E		E		E
Designated	and
general
Balance at 1 2020	3anuary			109,737,146		105,396,239		109,709,530		105,397,572
Net movements		in the
year Transfer between		funds		(4,163,033) 80 493		3,934,778 406 129		(4,162,993) ~80493		3,905,829 406 129
Balance at 31December
2020				105	493 620	109	737 146	1D5 466 D44		09	709		530
Restricted
Balance at 1	3anuary
2020				2,045,427		2,237,096		2,045,427		2,237,096
Net movements		in the
year Transfer between		funds		(115,643) 214,460 90 493 ~406 129				(115,643) 214,460 80 493 ~406 129
Balance at 31December
2020				2	010 277	2	045 427	20	0277	20		5	27
Permanent
endowment
Balance at 1	3anuary
2020					1,456		1,456		1,456			1,456
Net movements		in the
year
Balance at 31 December
2020					1 456		1456		1 456			1	456
Total Funds			16	10	505353»178 ~29			107477 777		111,756			413

16.	Analysis of net assets betw	een funds
Group		Unrestricted funds		Designated funds		Restricted funds	Permanent endowment	Total
		E				6	E
Fund balances at 31December		2020 are represented		by:
Tangible	fixed assets	36,674,267						36,674,267
Investment assets		39,306,419						39,306,419
Current	assets	44,214,791			21,200	2,010,277	1,456	46,247,724
Current	liabilities	(14,723,057)						(14,723,057)
Total net assets at 31December
2020		105472 419			21 200	2 010 277	1 456	1D7 505 353
Charity		Unrestricted funds	Designated funds			Restricted funds	Permanent endowment	Tote I
				6		6		6
Fund balances at 31December		2020 are represented		by:
Tangible	fixed assets	36,302,124						36,302,124
Investment assets		39,306,424						39,306,424
Current	assets	44,246,870			21,200	2,010,277	1,456	46,279,803
Current	liabilities	(14,410,574)						(14,410,574)
Total net assets at 31December
2020		105 444 644			21 20D	2 010 277	1456	1D7 477 777

Group	Unrestricted funds	Designated funds	Designated funds	Restricted funds	Permanent endowment	Total
	E		E	E	E
Fund balances at 31	December 2019are represented		by:
Tangible fixed assets	36,624,556					36,624,556
Investment assets	38,759,841					38,759,841
Current assets	41,653,339		21,200	2,045,427	1,456	43,721,422
Current liabilities	(7,321,790)					(7,321,790)
Total net assets at 31
December 2019	109715 946		21 200	2 045 427	1 456	111784 029
Charity	Unrestricted funds	Designated funds		Restricted funds	Permanent endowment	Total
	E		F.	E	E
Fund balances at 31	December 2019are represented		by:
Tangible fixed assets	36,131,775					36,131,775
Investment assets	38,759,846					38,759,846
Current assets	41,465,196		21,200	2,045,427	1,456	43,533,279
Current liabilities	(6,668,487)					(6,668,487)
Total net assets at 31 December 2019	109688 33'		212'	2 045 427	1 456	111756 413

7.Analysis of n	et	funds
Group			Balance 01-]an-20	Financing Cash Flows	Balance 31-Dec-20
				E	E
Cash at bank and		in hand	39,067,944	2,855,671	41,923,615
Debt due within	one year		(5,271,223)	(7,629,491)	(12,900,714)
Net Funds			33 796 721	~4773 820	29 022 901
			Balance	Financing	Balance
Charity			O1-3an-2O	Cash Flows	31-Dec-20
					E
Cash at bank and		in hand	37,895,312	3,157,587	41,052,899
Debt due within	one year		(5,071,121)	(7,861,207)	(12,932,328)
Net Funds			32 824 191	~4703 620	28 120 571
Group			Balance 01-]an-19	Financing Cash Flows	Balance 31-Dec-19
			f.	E	E
Cash at bank and		in hand	41,893,584	(2,825,640)	39,067,944
Debt due within	one year		(4,426,594)	(844,629)	(5,271,223)
Net Funds			37466 990	~3670 269	33 796 721
Charity			Balance 01-]an-19	Financing Cash Flows	Balance 31-Dec-19
			f.	E	E
Cash at bank and		in hand	40,684,262	(2,788,950)	37,895,312
Debt due within	one year		(4,235,210)	(835,911)	(5,071,121)
Net Funds			36449 092	~3624 861	32 824 191

9.Details of su	bsid	iaries	and	consolidation
				Catholic Building Services Limited	Catholic Support Services Limited	SDC Trading Limited	2020 Total	2019 Total
					E		E	E
Tangible fixed assets					4,588	367,555	372,143	492,782
Current assets				63 195	990 16	402 965	1 456 324	I 817633
				63,195	994,752	770 520	178287467	2,310,415
Creditors: amounts within one year		falling	due	~63 193	~336 79	~253 07	~933449	~2222 1
					658,573	(763,557)	(104,982)	188,274
Creditors: amounts		falling	due
after more than	one year			2	658,573	~763 557	~04,982	188 274
Representing:
Share capital					I	2
Profit and loss	account				658 572	~763 559	104987	188269
				2	658 573	~763 557	104982	188274
A summary of the subsidiaries				profit and loss account is shown		below:
				Catholic Building Services Limited	Catholic Support Services Limited	SDC Trading Limited	2020 Total	2019 Total
				E	E		E.	E
Turnover				33,649	1,265,678	361,410	1,660,737	3,306,448
Cost of sales				30 380	655 450	~665 231	~1352 ~61	~2247 532
Gross profit				3,269	610,228	(303,821)	309,676	1,158,916
Administrative	expenses			(3,223)	20,693	(370,049)	(352,579)	(601,820)
Grants Receivable						268,200	268,200
Interest receivable
Net profit Amount gifted	to charity			46	630,921 ~518 552	(405,670)	225,297 ~528 552	557,098 ~220 817
Retained in the	subsidiary			46	112369	~405 670	~293 255	6 28