THE RO￿lAN CATHOLIC DIOCESE OF EAsf ANGLIA Registered Chxrity No: 278742 AhhLiAL REPORT & FINA)CIAL StATEfvIEYTS FOR THE YEAR ET4DED 31 DECEI¥IBER 2023 Regisiered Chariry No.. 278742 {England and Walcs) Page Bishop's Introduction Report of the Trusiees Referenct and Administrative Details 20 Staternent of Trustees, Responsibilities 21 Auditors, Retx)rt 22 Statement of Financial Activities 25 Balance Sheet 26 Statement of Cash Flows 27 Notes to the Financial Statements 28 THE ROTrIAry CATHOLIC DIOCESE OF EAsf ANGLIA BISHOP'S INTRODUCTION This report covers my first year as Bishop of East Anglia and Chair of the Dioce$2n Trust. It Serves as a reminder of the many wonderful events and activities that marked dRoce5an life during 2023, including our engagement with the national celebrdtion of the King's Coronation and our pilgrimage to the ￿Kor1d Youth Day in Portugal. We att also rerninded that th¢ dioccsan family remains dcdieated in strvi¢¢ 10 th¢ Ercat Commandment of chariry throuLTh such things as the provision of food banks. housing SUPEK)rt and ongoing hospital and prison chaplaincy. There is also mention of the significant resources given lo the maintenance and enhancemeni of our netWOLk of outstanding church buildings. It is a privilege and pleasure to play my part in the great mission of this growing and thriving Church in this blessed region of England. This important document also records the human. soci￿e¢On0rniC and financial challenges faced by the Diocesan charity as it strtves to fulfil its mission to the people of Norfolk, Suffolk, Cambridgeshire and Peterborough. The need to provide priests for our parishes is a priorily. It should be noled that alihough we have a sleady flow of new seminarians entering formation for priesthood. the average age of our clergy continues to rise. We must ensure that the growing number of retired clergy ate properly housed, financiall) supported and receive all necessary care. We are working to address a financial deficit. which means our ex￿ndit￿re has been significantly reduced in real terms over Several years. even though income is growing at a healthy rdte. There is always the very practical n¢ed to ensure that our stock of listed buildings 15 kept watertight and well-maintained. We are able lo report on some great successes. We have seen a cascade of ordinations to the priesthood and diaconate. New building projects are advancing due to generous donor5. There is evidence of great djnamism with many parishes bein2 engaged with social action in various fonns. Many of our churches are full. with a diverse influx of new members. including young families. We are praying And working hard to ensure that these pattern5 continue io flourish in the years ahead. It gives me particular pleasure to note that the report records the completion of the Diocese's move to an ethical investment approach for all our funds. Consultation continues regarding the Diocesan Mission Plan: a work that will gather even greater momentum through 2025. The objective is for a comprehensive plan to be implemented by ihe autumn of 2026, a Jear which will mark the Golden Jubilee of the establishment of the Diocese of East Anglia. With a clearls, synodal spiriL the clergy and laity of the diocese will work closely together to ensure that we are prepared for the spiritual and pastoral challenges ihat await us in the near future. Be assured that the Diocesan Trustecs will strive to ensure that the Church in East Anolia is mission focused, growing, and financially sustainable. The Rt Rth. Peter G Colli]J5 Bishop of East Anglia THE ROTrIAP4 CATHOLIC DIOCESE OF EAST ANGLIA THE ROMA)T CATHOLIC DIOCESE OF EAST ANGLIA RF.PORT OF THF TRUSTEES FOR THL YEAR ENDED 31 DECEIqBER 2023 Ivhat we Are for The Diocese of ￿t Anglia is the Church founded by Jesu5 Chri51 ai wotk in the English countie50f Norfolk. Suffolk, Cambridgeshire and Peierborough. We exist ￿ bring the Gospel message of salv*ion ￿ humanity in this place under the lead¢tship of ourBishop, Pder Collins. A¢cordinglv, the Diocesan Charity- the Roman C•holic Di0¢£5e of Easi Anglia Trust- was conslituted in 1976 with the charitable purpose of ,rhe.4dVfj￿Ge1l1e￿{ of tlw Roman Caiholic religion ihe F￿5¢Ang1¥an Dtocese ty5uch meÉEns being ckorilablE as the Bishop ofEasi Anglia ihinkfil QFJdproperandfori￿ 5eryice ￿nI5￿pP￿t, Ivheiher irt ihe Ea¥1 Anglio Diocese or 0111side ihe E￿1 Anglia Diore5e. byxich as ofore5oid0Jch￿1iQb1e work% andobjectsproFnOted by ihe Roman Catholic Chttrch,. At the heart of that Pur￿se are enabling the worship of and the celebr31ion of the sacraments in our many beautiful Churches. social action to advanc¢ th¢ Kingdom of Gol rnnging from hosting fwdbanks to supponins refi￿0¢¢5. and proclaiming the gwd news throuJo edu¢aiion. youth work, and public withess to Gospel vallles. The cotnmunity we Serve 15 the whok populatiDll of our atea and iwond. Jnd 15 eMph￿tiCallY not limited to the estimated 100.000 Catholi¢s living in the Diocese. That CatlJoli¢ p)pulation is. however: highly diverse and is gr0￿Ing, and spans all age group5 and s(Kial conditions. The rdnge of charitable a￿]VitieS we engage in is corr¢stx)ndingly va51 and include5: oVe￿etIng 28 xhth)Is and supwkrting three universiiy ¢haplaincies- ProvidKng ¢haplains to 45 ly)spiials, nine prison4 and th￿t ]x)li¢¢ forces-, SupFK>rting 8 ffy)dbank5, tnove-on housing for homeless pwple, action agai[￿t modern slavery, 2nd a woxnen'5 refuge. often workins in collaboration with other religiou5 groups; afier heriiatte that ineludes 4? listed buildings. three of whieh are churches listed at Grade l. Maintainin(p archive5 that are a precious resource for ￿al and family hi5toTI'- Prornoting musical education and social in¢lusion ihrouth ￿ choirs and an outrea¢h singing programme for Supporring the development of ￿1n￿ed communities in Cambodia and the Holy Land; Providing retirement aCcomtt￿dati0n and supwjrt forelderly priests who are no longer ill active ministry- Through the Church's sacraments. promoting stsble family life ID marria84 and 5UPWrting the sick and dyiDg' Proclaiming the value and dignity of hurnan life through ivhat do and teach. Our ehujrhes and SC￿lS are open to all and it 15 an intrinsic part of our mission to serve the p(x)r. The Trustees of the Dio¢esan ¢harity have regard to their rNblic benefji duty in tsking decisions. THE ROMAN CATHOLIC DIOCESE OF EAST ANCLIA IN'hat we did in 2023 Vorld youth Day P5￿. In youth ministry, one of the hiohlighis of the year was the Pilgrim4¢ve to Portu. I for World Youth Day. Much More than a day, 57 mainly young pslgrims spent almost two weeks there. The first part of the pilgrimage was spent doing'Days in the Diocese. in Viana do C&stello This was an optrf)rtunity lo spend tirne PTeparing and leaTnino about Portutsuese ¢uliure before tyavelling to Lisbon i¥hi¢h I¥￿ hosiins the main events. On the way to Li51Kkn. the group stopped off in Fatimi which in itself was an unforgettable expetience. The mornings in Lisl)on ivere spent Èn Caiechesis mtering5 with speakers from ail over the ivorld Such a5 Bishop Robert Baron. Then it* the evenings were ihe main evenrs ineludin£ the Openino Nlass and W'elcome of Pope Francis. On the final Saturday. the group made the pilgrimage wa]k in sweltering heat to th¢ site of the vigil, the'Field of Grace. where they sta)'ed oi'erniDht for Ma55 Wlth Pope Francis the following moming. An estim￿ed 1.5 million peopl¢ attended the final Mass. WYD can be and often is faith and life changinq. One of the more drdmatic example5 of this is a youno man from petert￿roUgh who only came because li was a'free holiday. (as his mum and his parish had paid). Alihouoh brouJo t up Catholic, hi5 faith ivas no lonueT irnportaBI to him, and he led a life of violence and trime as a dru4 dealer. Throu£h IVYD. his life totalli. chan(Ted and he 15 now a¢tivelN' dis¢erntng a vocation to the priesth(A)d. OLEill lower THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA Urgent safety measures, including a mad and pavement ¢losure, had to be put in place at Our Lady and the English Martyrs IOLEM) church in Cambridge in July after a report revealed Stru¢¢urdi issues with the church steeple and bell tower. A condition report on the steeple at the Grade I listed, lJ3-J'ear-old church has revealrf-5tone fail. finial failure. cracking and 5)￿S of failure Mith ptstential danger io th¢ publi¢ on the pavement below-. In the light of thÉs reporL OLEM wgently requested advice froTll th¢ hiuhivays authorities ot) the steps needed to avoid risks to the public. The parish and Diocese's Historic ChuTche5 Advi50r ￿'orked through a itr¢ekend in ¢o[la￿tatIOn i%ith a specialist ieam of conservation stone¥nasons, llsing a truck hoist to survev the upper level sitsnei*DTk-. and then retnove any stones that ilere considered io be a potential danger to the public. A major project design is being drnwn up in &wciatioJ) with I￿al and national authorities to restore the building to its fornier glory. St John Henry ￿eWMAn School I" birthday STJOHN HENRY N The nei¥tst Catholic %hool in the counlry- in P¢ierborough- celebrdled irs fjrsi >'ear in operdiion. When we opened its doors in Sepiember ?0?? to Reception: Year l. and Year ? there ￿tre just 38 children itt school on thai first day. At the end of ihe academic year. number5 had risen kn l?? The oroiiih of the s¢hty)I farex¢eeded our e.Kpeciaiions and it is expected 10 continue io groiv quiekly over the comin4v )'ears. It will eventually rater for 6iO pupIls ￿hen full. Academic year ?02)-24 ivas due to i%elcome lyell over 100 nei%. children and their fatnilies as i*ell as eighi new members of stsff. St John Henry Xi eiiman is the firsl neiv Catholic sch(x)l io open in Enuiand for over a decade. Caritas Festiv#is THE ROL￿AN CATHOLIC DIOCESE OF EAST ANGLIA The Di0¢￿e began a series of Caritas Fesii%'als io ¢elebr&e local s￿la] a¢tkon in the cotnTnunity'. C*holi¢s are often more awaTt of IheiT ITlI'olvement in and suppon for Social action overse&s via CAFOD and oiher charities such a5 Aid to the Church in Need and Amary's Meals. Their 5uprK)rt for and iThvol%'emenr in local social action is less obvious, but equally sub51antial. fvlany of ihe ivays ITr which the necd5 of others are meL b>. parishes is throllgh partnership with other Christians. such as the various foodbanks xr055 the diocese. Also. man> c￿holiCS are aciive in those local secular charities that address the need5 of other5. To celebrdte and publicise what is being achieved and io ¢n¢ouraoe others ￿ parti¢ip*e, the diocese has ¢mbark'ed on a series of Cariias Festivals, iihich over the ne_K( fths" !"¢aTS ii.ill tak.e place in ea¢h de#neTi. The first held ai St Laurence's Church in Cambridge in Novembei 2023. when in addition to the more well known tsrganisations like the SVP. Cambridge City and Ely Ffy)dbank% Cilizens Advice Cambridue, and the Justice and Peace Group as well as the UCM, and CIVL being prtsenL theTe ivas also present Cambrid(pe Street Pa5tor8 the Cantonese Chaplaincy. The Be50m in Carnbridge, Hospital Chaplaincy, Catholic Concern for Animals and Hope into Aaion CambridDe. The Catholic Social Teaching which underpin5 all of such work"5 of charil). manifested in the presence of the ma￿are1 Beaufon Institute of Theology. SocÉal action ovtTSea5 w&s as well by the presence of CAFOD and the Diocesan Cambodia Link. Thai individuals can and do make a difference io the Itves of oiher bv their actions was evideneed by each organisaiion bui especially b). Ihe kevnote speaker who was the found¢rof th¢ Christian homelessness charity Emmaus LW, Seluyn Imag¢. Cantonese anniversary The Canlone5e speak"jn(T Catholic cotntnunin" frorn a number of parishes in Ihe E&sr Anglia Diocese and adjacent tOMT15 and cities marked one year of celebrdiing Mass and other d¢voiions in Canti)nese, * Our Lady of Lourdes, Sawsion IOLOLI in Canon Hoan M4 inh NTUU).e￿ has been celebrdtino a Cantonese Nla55. rnollthly Since ?0?? These have been joined by the Apostolic Nuneio to fvlali& the Chancellor of Honu Konu Catholic Diocese. and Fr Francis Chin(p of Toronto, Canada. Dominic Chun(y said "To be able to pray and sing to the Glory of God in our fjrst language is illuminating as well as comfortin?. Il'e shall nei'er forget ehaniino in Cantonese the Te Deum, the Nlagnificai and the Tantum Ergo SacrdTnentUTn.Thanks indeed be to God I )." THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA lustard Seed kitchen ChildTen from St Louis Catholie Academy in Newmarket were thrilled to welcome Bishop Pe￿r Collins io bless the Mustard Seed Kitchen, a recently completed teachiEJV hub. "OUT choir leader frotn the Cathedra] of St John the BaptisL led our sch(M)I cknir ivho perforned parts of a new M￿$ thai he has comwsed. Parishioners and parents i*ere excited to %velcome Bishop Peter ro N'elvmarket for the first tirne and to attend the fvlass celebrated by the Bishop and supFx)rted bj Fr Simon B13k-esley. the schi)ol link govemor frotn the Our Lad) of IValsin£ham MAT Tn￿ Board. and Deacon James HursL- In ?0? l. Mr Bill Gredle%', a IIKal businessman kindl). gifted the sch(x)l £1? 000 EowaTYJ5 developiTrg a teachine kitchen. interl'eniion space and nurtu￿ fa¢ilih. That ivas match ￿nded bv an Alive in Faith overseen by Bishop Emerirus Alan Hopes. The 5chotsl PTA secured £l.000 from Teseo ioivards cookino equipment too and Governors 4ureed to Tnake up the fina] cost io push the build over the line through use of g)me contingency fvndins. The new 5pa¢e fitted in a fornjer PE storage area will be used to teach De5igTh and Technology."We will hosi after school clubs for Young Carers and Fknpil premiwn learners," ￿]d Sue Blakeley,-PTovide OPFrf)rtunities for Pa￿￿ts to ¢¢)ok alonDside childTen and impTove food prepardtion faeiliiie5 for PTA fundrdi5ers. As a healthy s¢hool, Ive are al￿a)S looking io provide advice io familie5 to make healthN' choices and lie hope that this ￿lI1 a ore2t place to educate in a 5UPPOrtive vay. Our f￿st c1&$5es start with Chatty Chef& a nurture group that builds resilien¢¢ 2nd ¢onfidence." Peterborouoh 5Dternaiitsn#l Festival A hard workin8 team representing the diverse St Luke'& PeterbOrOug￿ paTi5h community of14 nations from Afric& Asi Europe, North America and Souih America came tooether to create an Intemaiional Communii%' Fesiii'al in iKlaN. The Festival. I￿h1¢h included a dedicated Nlass. began ibiih the ble5sino of food. after￿hich international ¢uisine ivas served THE ROMAN CATHOLIC DIOCESE OF EAST ANCLIA frotn gazebos in Ihe garden grounds of th¢ ¢hur¢h. The event comprised fiM)d. games and entertainment f￿M all the continent5, plus a bounc). castle and face paintinu for the children. Chair of the Parish P&8tordl Couneil. Joe Rodrigue4 5aid:-Some 400 plus people attended in SUPFX>rt of the World Youth Day pil8rim5 from the parish."Coutktries participating were Italy, Lithuani4 Poland. PortU8al. Argetktin4 Colu]nbia. United Slate5 of America. Indi4 Chin4 Easi Timor. the Philippine% SIn￿POrt. Camer(x>Th and Nigeria. Many wore their nasional costumes. A wonderful day had by all." Loyal Addres$ to the tKing Bishop Peter Collins took part in 8n hi510ric occ&sion ivhen the CatholÈc Church ivas amon(r 27 privileged bodie5 lo present a Lo>al Address io Kin? Charles Ill in a ceremon) ai Buckingham Palace. Cardinal Vinceni NÉchols presented the Loyal Addr¢ss on behaifof the C￿holIc ¢ommuniiy of England and Wales, a¢¢ompani¢d by Bishop PeL¢r and several Caiholie rePr￿ntatIves. Cardlljal Nicho15 said to King Charl¢s:"When you addressed faith leader5 in Septernber last year. you told us that'the beliefs that flollrish in, and contribute io. our richli diN'erse societ). differ. TheN'. and our society. can onlj thrive through a clear collective commitment io th¢>se wiial principles of freedom of conscience. oenerosiifv of 5pirtt and care for others which ar¢, tts me. the essence of our naiionhood.. These are values the Caiholic ChuT¢h holds dear indeed. The privileoed bodie5 of the United KinudoTn are ihos¢ institution5 and corporation5 which thjoy the historic righi to present a loyal address to the Sovereign in peTSOll. Am¢lie House 10 THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA In February. Bishop Peter Collin5 fornjally orÈned and ble55ed thc SoKiety of St Vincent de Paul ISVP}'s third house for the hom¢less in North Norfolk, an eveni celebrated b%. conference members and cleroN' from local Christian tommunities. The TempoTary Emer?encv.4ccommodaiion Hollse is now operdiional for a further Dvo homeless families. The ￿hOle proje¢t olthree properties noi¥ pr0￿C[s UP io four families and six single individuals ai any one time. Since D¢¢eThber 2019 the Project has protected 100 lives from homelessness, includin(t 5? children, %vho have moved on to permanent ne homes. The N'onh Norfolk Conference has been supporting stre¢1 homeless people in need of emergency accommodation since ?0 l? This first Started i￿71h a iempxjnr) loan a￿d leasino house arranoement bui in December ?019 the SVP Society purch￿ed their first pernanEnt house in the St Vincent's House became operntional providing a safe home for two large families. A Second uThit. Blessed Rosalie Rendu House. was opened by Bishop Alan Hopes in Febrllary. of 202?. that time sllpporting up to Sl.X 5invle homeless individual5. Following North Norfolk's success of these hvo p￿Perties. which have had high occupancy rdtes. the SVP Society were confidently able io authorise a further project e.xpaThsion io establish a third House. Afftelie House. supporting an additional nvo families. Conference President ￿lIchael N4¢NI lahon thanked all itrho cottiribuied io this successful phase and to those ivho have contributed to the runninu of the houses. espe¢iallN' Ihe Alive In Faith Ouireach Fund and the local Church of Enuland Benefices of Mat]&ske and West Runton whose parishion¢rs have $upplemtht¢d fiujds from St Joseph's, SheriTh8ham and Sa¢￿d Heart. North Ivalsham parishes. Safeguardi￿g audit The Diottse of E￿1 Anglia w&5 awarded a judvrnertt of Comprehensivc Assur￿¢¢ by the Catholi¢ Safe?uarding Standards Agency ICSSAI in an audit of its safeguarditE4Y prov15ion which took platt in 20?3. This i5 one of the first audis the CSSA had Carried olli sinee being establashed and iv&s in fact a pilot: for ivhi¢h the Diocese i'olunteered. The audiltsTS gave ihe Dio¢ese an overall jlldgemeni of Comprehensive Assurance, iihich is the second highest possible grade the}. could hase a￿arded. The re￿rt l5 helpful to the Dio¢ese, both in givine assurance about ivhai ityorks and givin(p ouidance on how thinJ(p could be even better. The Tole of the Parish Safeguardin? Represent￿1Ve$S ivas a major eontribuior to this remarkable juduement. 11.ben ¢he auditors ivere feedinu back to the Diocese at the end of the process the% infomied us that the response rate of 5UTreNS returned by PSRs1700/ol wa5 the hiuhe5t the%. had seen. This taye them a hieh level of eonfidenee in the inforniation they gathered from them." Bishop Peter ColliDS said="l tske this oppornmittr to exprw immense 4ratitude for the generous and extensive service of all those ¥vorkino iiiihin safevuardinD in the Di(*ese of East.4ngli& This repx)rt is a iesiimoni. io the fnjit of their hard Ivork", and ihe open cooperdiion iiiih ri£orou5 scrutinN' shol￿5 our i%"illinones5 to Conti￿Ut irnpToNin2 and sirenoiheninn our i¥ork of 5afeouardino THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA "We of course continue lo remember in prayer those who bear the wounds of abuse. s￿1 renew our comrnitment to ensurtng thai we maintain pea¢¢ful and loving ChrisiiaD wmmtubities to which everytrf)d)'. particularly youno an vulnerable memb¢rs, ¢an safely belong.- Catholir sch(bols in East AD Pupil Thumb￿5 Pupil Thumber5 in s¢hoo15 reTnain broadlTr stable tsvetall at sorne I l.(MIO. HoiTrever, a numkr of schools have reduced their planned admissioTh number (PAN) as a result of reduciDU detnand for places. tkmand is low 50tn¢ &eas ftir pupil places in reryption cl&sses for September 2C>24. This is a reflection of a decline in the birth raie in this age group a¢tDss East Anglia. However, it 15 an issue schools are having to Man￿0¢ and one that impacts on 5ch(M)I budoets. Secondary school nttmbers are ljoldine up well wilh g(x)d demand for plxes in each of our schools. Post-16 recruitment remains highly ¢ompeiiiive_ Notre thme High 5ch(x)I recrnits a veTh siqnificant nLEmber of students into Year l? from outside the Catholic se¢ior. Ourother school sixth fornis knd to recruil rnainly from their own Year I I pupils. There is continued evidence ofgrowth in pupil numbtts in P¢ierborough where r#￿ilment w ihe new Si John klenry Newman schoDI-the first new C*holic in the for a decade- i5 buoy•)L although C•lN)li¢ nwnbers ar¢ relaiively low. Pupil attainmeni Pupil attainment across our s¢h(x)Is remains relaiively strong and in the case of some schools ts well above average. There 15 a great focu5 in primary schools on rn￿1¢￿ of the basics and this is r¢fle¢ted in Key Stage 2 outromes that hold up well in national and lrtal ci)mparisons. Ai secondary level all our maintsined secondary ￿h{K)IS achievEd aLK)ve aYeTage proDrrs$ 8 s¢ore5 (the basi¢ measur¢ of Progress in secondary schools up ￿ the atpe of 16) Iviih sorne exceptiotLaJ perforrnances placing schools in the top 10° across the country. Outcomes a¢ post-16 are generally g(x)d across ourschools with many students proJ(p eS5ing to hiuher education including the most se1c￿]ve universiiies_ Catholic life in our schools The focu5 on Caiholi¢ life and mission underpins the ethos of our sclKK)Is and h&4 a signifIcant impaci on school life. li is alway5 t￿ted as a strength in Of5ted inspections of our$Ch￿[S {usually one of ihe most p)sitivt elements). Both of our Trnsts have experiellced a significant number of Ofsted Ins￿¢tiOnS ihis academic year and these hav¢ generally gone well in¢luding schools which have retakned theiroutstaJHling judgernents and *h(K)15 whirh have moved from r¢quiT¢S improvwnent judgements to good. All schools are a¢tivelv engaged in the Catholic &Kial feachtng aTyJ this takes rnanv fornis froin WOTkinD a5 sl¢ward5 of the ¢ThvirontllEni and making a contribution to recyeling and climate change, to developino links with Senior citizens on local nursinv hornes. to raising moTLey for chaTiiy. These xtivities are vetv well emwded. S¢hoo15 have restx)nded very posilivel). io the increased dthnands of the Religitsos Elu¢atson Direciory and the introduction Df the PTayer and Liturgy Directory and we are 5ttino the ￿SItIve impaci of the RED in Classrooms. Programmes of retreats. trips and a¢iiviiies including participation in progrdmtnes such &8 Duke of Ldinburgh are now thlly tEsÉored followino th¢ iwnpa¢¢ of the pandemic. There i5 incrcasiTro collalx>r￿i0n between our Multi-A¢ademy which Coniinue io grow. St Alban'5 Primary in Cambridge is now a member of the Our Lad) of IWa15inghatn Trust and other ￿h0O15 are eoutse to join the S( John the Baptist Trust in the coming months. All our secondary. sch(x)Is are aaivety ens4(Fed in our diocesan wide Collaborative secondary improvemeni project. Ourtthm of prilnary and secondary RE consultsnts ￿ Wotking well ￿ deliver Itairting and supp)rt to collwues in the delivety of high-quality reli. r*ious education and have also developed a detailed and comprehensive esthtrs strate4y to ensure that the school estate 15 ¥sell managed and maitltained. 12 THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA The Diocese in Fi ures 2023 52 parishes Mass attendance up 90/0 2 priests and 2 deacons ordained 42 listed buildings 1,900 volunteers I 1,000 students in 27 schoots 198 weddings Confirmations up 13°/0 838 Baptisms and receptions into tbe Church People seeking to join the Church (catechumeH5) up 310/0 8 food banks hosted or supported 5 new parish Alive in Faith projects THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA Financial Rti'iew The ¢harity is prin¢ipall)' funded bv the freewill offerinqs of the faiihful to the Church, aFx)ui half of which comes Ihrouuh the offertoTr' at Nlass. In¢re&ingly cash donations are gi%'ing i%ay to SL￿di￿a orders artd ¢lectn)nic paimenis. OVLY ihe rinancial jear ?O?i, the charity'5 total income 8 per cent to £6.8 million. Thi5 n1¢￿1$ that cash income has now recoliered to it5 level of ?017, but re￿ainS loi*er thall ihe pre-pandemie and is some £?.5 million loiber than in 2017 in infiation-adjusied terms. RCDEA Lnetsme +05% Parish incorne accounted for 82 percent of the totsl. the parishes, offertory income ros¢ 12 per Cent overthe year. Pwtsh *)ffertory +12Y. 4.'hile this outpeTfornied inflation significantl)", the nurnber of Nlass atter)dan¢¢s is also rising as the Church groivs. Per- head donation5 fell in real terms. likel). refltctino the incieasing preponderance atnong Church members of families ivith Children. and the les5 well-off. Pastoral st2tlstlcs 2023 +9% year on year .24% 2018.23 E.Kpendiillre rose b} 4 per cent. Iviih parishes accountÈnD for 6? per cent of the total. In inflation-adjusted tern)s. Ihis means spendin￿ been ¢ui bN' £ I million compared io •017. Staff cost5 rose i.6 per cent. Iviihin iihich ¥vaoe5 and salarie5 rose 1.0 per cent. 14 THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA RCDEA spendiDg +37y• +?1% +280 Central Diocesan (Curial spendin(r 15 finan¢ed PTin¢ipalli' bN' a It￿ 00 parishes_ The Cuna wpports the Btshop in hi5 £ovemance role and provide5 colleail'e shared servLce5 to parishes and schools. in¢luding Appointing and training school gov¢mors, carryini oui sclKK)l inspections and managino voluntary aided School piial fundinu; Training new clerD -y and supportin(p retired clergy; Professional support to parish priests and volmieers in maintsinin? a hiqh sthjdard of safeguarding children and vulnerable adults. Helping parishes comply wilh their xamiory resp)ThsÈbiliiies under healih arml safety. emplo)'ment: and charity Supporting parishes iviih professional advice on propert% management and maintenance, li51ed building obliDation5, and plannin(p Issues- A Youth S¢tvi¢e thai provides aciiviues and C￿eChes15 for young people in support of parishe5 and Schools. The chart below shows the prow)rtion of Curia spending on ea¢h function budÈeted for ?0?4. Diocesan Unrestricled Funds Spendin 4% 17¥ Bishop, Curi3 Schools revenue Safeguardin8 Cornmunications Clefgy 5UPPOrt, traininE, and welfare Cathedral Grant Youlh Other Diocesan Commissions and activities 15 THE ROMAN CATHOLIC DIOC&SE OF EAST ANGLIA Before investsnenL gains ihe charity Continued to run at a deficit. although the shortfall reduced by 18 per ¢eni during th¢ year. Aftcr tsk-ing a¢¢ounl of inve5tTnent gain5. the overall deficit w&$ £0.4 million- this cotnpare5 to a 20?2 5urplu5 that resulted from one-off gains from revaluing propery &ssets. Totsl fv￿[s at ihe y¢ar-¢nd fell bv 1.1 per cent to £35.1 million. Diocesan unrc51ricted funds fell by £1.5 million to £1.] million. Parish u#ffstri¢ted fijnds rose by £O.I million to £27.2 milliDll. The Tru5tee5' inveslmeDt policy historicajly t*en that the charity's investhient portfolio slM)uld perforni in line with the relevant market indices. During 2093. the valueof quoted investments rose 6 per ¢eni. which represented an outperformanee of the FfsE-100 index over the same ptsiod. The TtU5ter5 al thr end of 2023 decided to move iheir quoted investments lo an ethic￿ wnfolio consisteni with Cail)oli¢ So¢ial Teaching. ￿h11¢ a]so meeiing demanding ¢argeis for capital growth and in¢ome. This trar)sfer of the investsn¢nts to a PToviderand aportfolio whych meet Catholic ethi¢al siattdards is being put into eff3Y 59 &rk65 The Dioce5¢ Ivill continue to ￿orK. %¥ith schiKTrls and Mlllii-Academy Trusts. Èn line with the Trust¢cs' settled policy, 10 rapidlv Complete the academisaiioEJ of all 5tate-funded Catholic schools- The da). to day operdtions of the Caihedrdl of St John the Baptist Trust will transfer io ihe Diocese and parish: The Dioc¢se will contiDue to take the steps Deces5ary lo ittlplement the T￿￿ttes. deficit tedu¢tion path and put th¢ charity's fuwhces on a long-ierni sustainable f(M)ting. Ris The Trustees regularly review the risk5 to the achievement of the charity's aims. The principal risks they hav¢ identifJe(L together with the mitigations they have pui in place, are Persistence of a structurnl fin¥JLeial deficit: Ihis is beine add]Essed throllgh a mlllii-Near deficit reduction plan,. Lack of capacitv. in a Small O￿anISatIOn. lo deliver e￿ential fun¢tions: Ihis is bein£ addressed throuoh budget prioTltl5atitsll. Tationalisaiiort of siruciures and Cont￿1& and a coniinuina focus on fosterinD vocations to the pri¥ihood and reliuious life= Policies beIn￿ overtaken by I￿157811Ve and other changes- this is being •Jd￿$S¢d by a pro?ramme of policy The p055ibility of hatm atisin¥ thtou?h laek of capaciiN LO full%. monitor and addre55 health and safety Priorities. this is being addressed through LMnin> a focLLS on building Tnaintenance. and a ¥e-le¢ting of the eiternal eontraet for health and safety supw)rt. HowweAreo anized The Dio¢esart Board of Trusitts The gol'ernin￿ doeurnent of the Diocese dunno ?0?3 1¥3$ a Deed of Revocation and Aprx)intmeni dated ? October 1979. The Diocese 15 govemed bN' its Board orTn￿lee$. i¥hich currenili coThsisis of 8 Trustee metnbers ivho are the Bishop of Easi Anqli& I Prie515. 1 Deacon and 4 LaN Trusiee5. as ￿￿ell as a CoTporate Tnjsiee Idurin(k *O?i ihere iv&8 a tnajoritv of La}. Trusieesl. The Trustees are a150 DÉrecior5 of the CoTporaie TTusiee. These members meet ai leasi quarterlv, under the chairmall5hip of the Bishop_ The Board of Ttwsiees is responsible for foTmulaiin4t Ihe 51raieoies and policies for the Diocese as a i¥hole. includino the approN'al of signifJ¢ani parish expenditure and building iworks. parish loark5, the appointtnenl of Diocesan staff and advisor5 and the exeTC15e of financial [nan￿emen[ of its oi%n income and ex￿ndInITe. During ?0?4. the Trnsiees agreed to revert to the oriuinal oovernance of the chatitv as set oui in ihe Deed of ReN'ocaiion and .4pwintTnenl. This ivill in%'olve the Easi An(klia Roman Catholic Diocese Trustee (company number 0141 ?7)81 Corporaie Trustee becoTtLinu once auain tbe sole TTusiee of the unincorrM)rditd chariTh'. The Board of Ttustees ivas assisied in its decÉsion-Tnakinu durinu the l'ear by fiNe other bodies- 17 THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA The Finance Sub-comrnittee chaired by the lead Trns￿ for Finance, meeting at leau quarterly. to &85e55 and onitor all tnajor financial policies and activitie& oversee the wot&- of the auditors and our investTnent advisors and advise the Bo&d on appropriate a¢¢iott as required. The Investment Sub-committee advises the Trustees on the impl¢mentalloD of its Investment Strategy. It is chaired by a Trustee. Th¢ Buildinv5 Sub-CornTvittEE, which 15 chaired by the lead Tw5tee for Finance arHJ includes rDcJnbers of the B¢Mrd of Twstees and advisors. deals mainly wilh curial and parochial property matters. The Sub-committee meets quarterly and rew)rts to the Board. Its Ma1￿ funuion is to ￿Ore¢, monitor and review the details of parish building and repair projects throllgh its agreed ex]￿ndi￿re approv￿ proctdutes and to overste the process of Quinquennial Inspections of all church buildin8& along with matters 5ueh health and safety and to advise on the rental, purchase 01 sale of property. Delegations allow this Committee to agree miTh)r works. The Truste¢s' Safegu*ding Sub-CoTnTninee deals with the sIt￿t￿l¢ elern¢nts of safeguarding and is chaired by o Tnjstee. The Di(Kcse keeps its Safeguarding structutes and arrangements under review in ihe IiDht of best practice. The Diocese adheres to the independent rtaiional Catholic Safeguardino Standards Agency ICSSA). Mthich nducted an audit of the Safe8uarthg Service duriD8 2023. The audit judgement was onc of-Cornprehcn3ive As5ufdnce". The Diocesan S¢hLK)Is Service Cornlnission oversets education and s¢h(K)l$ mattttson behalf tsf the Bishop. This Commission was chaired during ?0?3 bv a memb¢rof the Clergy, includes the Bi51w and ih¢ Diocesan Direaor of Sch(K)Is and rewjrts to the Board of Trustee5. In additiorL. prorK)5a15 for church reordering require consultation with the.4rLs and Architecture Committee of the Liturgy commissio￿ whi15t projects affecting the fabric of churclKs which art listed requircs a Faculty frorn the Diocese's Historic Churches Committe4 which acts as a planning under the EcclesiasticaE Exemption Order. The majority of our Catholi¢ Schools in Ihe Diwese belong to one of tswo Multi-&￿¢mY trusts (MATS), designed ￿ ensure the btst future for Catholic schools and Ivdmers wiihin the etrer' of dio¢e&in youth ¢N'ents in¢lllding th¢ Worfd Youth Day plI￿lMa￿e every two 18 THE Rol￿￿ CATHOLIC DIOCESE OF EAsf AIIGLIA years and diocesan youth day5, f¢stiva15. celebration5 and camps. This work 15 5UPPOrted by a [hoc￿￿ Youth Setvices Commission. The WO￿ of the Dire¢¢or of ihe Diidual parishes and in ihe diocesan schools. New EV*n￿ellSatiOn Cornmission This Cornmi%sion aim5 to sypFx)rt ihe sireThgthenin¢y and development of the Caihtsli¢ Faith within the Diocese. In additioll to encour4oing and facililatinu the ￿luT￿ of Catholic5 who have lost contact with the Church io regular eommuniot4 the Commission is atso engaged in promoting the ChIt￿h amongst non-catholics. Cgrit4$ Easl Anglia This group has been fonned to promote Carholic Social Teaching by administering the Social Outreach &5pect5 of the mono rdi5ed for thi5 purpose by the Alive In Faiih Camp￿gfi. It is a member of the Carita5 Social Action Network (CSAN) whith is an agency of the Catholic Bisbop5' Conference of En8land and Wale5. Cler8y W¢lfare Group Managemertl Day lo day rontrDI of iht charity 15 exercised b) the BISI￿p. He is SUPPOrted in th15 by the Director of Operations and Finance. The Trustees, Seberne of Delegation sets out the specific delegated resw>n5ibilities of individual Committees and budoet_holdeT5. At parish level. the Parish Priest, assisted by his Finance Committee. is responsible for all aspects of administration subject to the provisions of Canon Law and the Dio¢ese's finall¢1￿ procedures as s¢t out by the Bishep through the Parish Handlxx>k, wthich ha5 been revised and ieissued dunng 7024. Fundraising The Diocese did not use third partie5 to rdise fund5 during the Vear. FU￿15 are raised by parishes principalty ihrouJo the weekly offertory and also through occasionaj parish ￿ndraising events. matnly of a SOCI￿ nalure. A numberof parish¢s participatcd in the Yime, Talents, TTea5ur¢s- Mewardship ¢amp2ign uThd¢r th¢ guidan¢¢ of the Dio¢¢s¢'5 in- house Stewardship Coordinator. that invited parishioners to volunteer to support the ¢haTity's a¢ttYities and to review the level of their regular giving and whether thev have gift aid declararion5. The campaign was successful in increasing the level of statlding order5 and gift aid declaralions in the parishes where it rolled out. The Diocese 15 also a membcr of Your Catholic Lcyoacy. an organi5ation that prornote5 Catholic charitics as potential beTreficiarie5 in donors. wills. No complaints about the dJaTity's fimthaising practi￿ were re¢eived during the yearlprb)r year.. nill. App)irttsrtetht and Trairtirto of Tnstees The power to appoint trustees is vested in the Bishop of the Diocese. All rNstees are proN'ided with opportuniiies for fvrther trainino and development and are given appropri￿¢ indu¢tion on app)intm¢nt. The Truste¢s re¢eive parttcular Iraining in their safcguarding responsibilities. Remuntsatiort of Kty Managemeot Personrtel The key managemcnt personnel consist of the TnE5tee5. the Director of Operations and Finance and the Director of khoo15. The charity's otheT key m8na8emern personnel hav¢ b¢eu recrnited by public advertisement at a salar! fixed by lttal markei force5 at the time of recrnitment. Threc members of staff earned more than £S0.IXN) during the )'car. Annual incrvdses for Curia Stsff have been grdnted on a dis¢rdionary basis. infom)ed by budgetary planning. data from the Office for Nation21 Stai]sti￿ on inflation and average eamintss across the econoJt)y. ConDeeted Charities The Diocese is connceted to h¥0 independent charities whose objectives are o)mplementary io the diocesan objectives. These ate the Cathedral of St Joljn the Baptist Tnjst (Reg h'o 1152820) and the Easi Anglia Diocese Dependent Priests. Fund IR¢0 No 1102707). Both of these ¢tTarities teccived grants from ihe Diocesan TTUSt in 2023. A Dumber of Diocesan Twstees are also Tru51ee5 of Ihe Walsingham Tn￿1 {Reg no 1181h901. %vhieh the Bishop chairs ex- officio. Ihe Diocesan Trusttt own5 a number of properties occupied by the Trust and sup]x)rts the Tn￿1 financially and in kind. 19 THE ROIVIAN CATHOLIC DIOCESE OF EAST ANGLIA Reference and *dmillistrative detaits Charity tLUtnber 27874? (England and Wales) Trustees The Rt R¢v Peler Gwilym Collins Canon David Bag5thff Mgr Anthony Rogers (Mired Marth 2024) Mrs Moira Goldsraub Marie RokTts Prnfessor Edward Aaon {rnired December 2023) Rev Mr James Hurst fvtr5 Chrisrine Quinn Mr5 Laurella Pilch Rev Sean Connolly (appoin￿1 June 7024) All the T[USt￿ atE a150 Dirtdots of the E*t Anglia Diocesan Trnsiee (company number 01412758). In September 20?4. the Trustee5 retired as members of the unincorporated charity while retaining their role5 as Directors of the Diocesan Tnjsttt company. Setretary Rev Mr P3lll Raynes Advlsors Property Savi115 Lawren¢e House 5 Si Artdrews Hill Norw¢h NR2 IAD Legal Mi115 and Reeve I Si James Coun Whitefriat5 Norwch NRJ IRU Auditors Haysmaeintvre LLP 10 Queen Street Place London EC4R IAG Invertment M#D#gemeni RathlK>nes I CurLon Stre LA)rtdon WIJ %FB {to (ktobtt 2024) CCLA One Anoel Lane London EC4R 3AB (from Ociober 2024} 20 THE ROMAN CATHOLIC DIOCESE OF EAST ANCLIA STATEMENT OF TRusfEES> RESPONSIBILTIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees are responsible ftjr the prtparingthe TTUStce5' Annual Report and the financial statcs iti accoTdance with the applicable law and United Kinodom Accountinu Standan15 ( United Kingdom GetLera]ly Accepted Accounts PrdCti¢el The law applicable to charities in England & Wales requires the truAees to prepare the financial statements for financial year which give a iwe and fair vtew of the stht¢ of affairs of the ¢haTit)' and of lh¢ incoming resources and the appli¢ation of resources of the charity for iha¢ P¢Tic4. In preparing these fJDancial statements. t Select suiiable accounting policies and then apply them wnsistently- Observe the methods and principles in the charÈiies SORP 2019 (FRS 1021.. Make the juduement5 and estimates that are re&8onable and prudenL State whether appli¢able accounts Sta￿dardS have been followEd. subject to any ntsteTial departures dis¢losed and explained in ihe financial ￿ateMen Prepare the financi￿ siatrmenis on the going coneern basis Lmless tt is inappropriate ￿ presume that the charity will ontinue in operation. The TtU5tresart rewnsible forihe keeping woperacC￿n￿ll8 records di￿10$¢ wtth reasonablt accuracy at any lime the financial Position tsf ihe ¢harily and enable them its ensyTe that the financial sthtements comply wilh ihe eharitie5 Act 2011, the charity (Accounts and Report5) Rc. ulat10115 ?008 and the pwovision5 Df the ttust 4Jeed. They aTe ￿$0 responsible for thE safeguarding the as5et5 of the charity and htnce for the takiDg rra50nable Steps for the PTevention and detection of fraud and other iTre8ularitie5. Approved by the board of Trustees on 28 Iktober 2024 by: Bishop Petercollins TrLt51£e 21 INDEPENDENT AUDTfoRS' REpoirf TO THE TRusfELS OF THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA Opinion We have audited the financial 5ts1ements of the Roman CaÉholi¢ th"ocese of East Anglia for the year ended 31 D¢¢emb¢r 2023 which comprise Statetnent of Finaneial A¢iivi¢ie¥ th¢ Balance SheeL the Statement of Cash Flows and noktes to th¢ financial statemellts. in¢luding a summarv of signifL¢ant accounting policie5. The fiTwicial reportTng framework ihat has been applied In theii preparaiion i5 applicable law and United Kivudom ACCount￿g Standards. includinu Financial Reporting Srandard 102 rhe Financial Reporting Sitwdardapplwable in ihe uKap￿RePublIC oflrelapkl (United Kingdo Generally A￿epted Acwuntfftg Practice). In OUT opÉnxon. the financial $￿eMents.. Elve a true and faÈr view ofthe state of the group'5 and of the porent charity's affaiTS as at 31 Decejnber 2023 and of the group's net movement in fi￿dS forth¢ yearthen end>L" have been prDperlJ' prepared irl a¢cordarKe tliith Lniled Kingdom GeneAlly Accepted Accounting PrÈaice- and have bttn Prepared in accordanee with the requirements of the Chatiiies 2011. Basis for Dpinion We have been appointed as auditor under section 144 olthe Chariiies Aci 2011 and in a¢¢ordan¢e with ihe Act and relevant regulations made or having elTect ihereunder. Ive conducted our audii in accordance with International Standards on Auditing IUKI (ISA5 {UK)) and applicable law. Our re5w)nsibilities under tlx)se standards are fvrther described in the Audits>r's reS￿nsIbilitieS for the audit of thc fitMnciaE statements section of our retA)rt. We are independent of the group in accordance with the ethical requirements that are relevant to our audit ofthe fuJancia] yatements in the UK, including the PRC'S Ethiul Standzrt and we hav¢ fulfilled our oth¢r ¢thicai responsibiliri¢s itt a¢¢ordan¢e with these requir¢ments. We believe that thc audit tvidence we have obtained is sufficient and appropriate tr¥ p￿Vide a basis for 0￿r opiniw. Collclusions relating to going tonte In auditing the financial statements, we have collclud￿ that the tru5ttts' use of the going conc¢m IH5i5 of xwunting in the preparation of the financial statements 15 appropriate. Based on the work we havc perfomied, ive have not identifial any matenal uncertainiies rtlaing th eventsot condilions th24 indiiidually or ¢olleciiv¢ly. may ¢aM signifi¢ani doubt on the group's ability to wntinue as a going concern for a period of at le*1 twelve monihs from the fiTran¢ial stat￿¢￿ts arE authorised for i55ue. Ourreswnsibilitics and thc reS￿nsIbilItieS ofthetrustees with respectto gotng concern are de5eribed In the relevani sections of ihts report. Emphasis ol fvl&tter- prior p¢riod reststement We diaw attention to Accounting Ptsli¢y I c and Note 23 of the financia] statements. which describe5 the prior peri(Kl restatement r¢l*ing to ihe all(Kation of income and cxpenditureagainst fund5. Ouropinion is not m(yJified in respecl of this matter. Other information ThetW5t¢V5 tre Tesponsible fortheoihet Infomiation. The otherinfomlltion comprisesthe infomiation included in the Report of the Trustees. Our opinion on the fina￿¢1a] statements not covei the othei infoTTnation an¢1 except to the LKtent other¥vi5e explicitly 51ated in our report. we do not e.xpres5 ani form of assurance conclu51011 therton. connection with our audii of the financial Statements, our responsibility is lo ￿ad the other infom&ion and, in doing $0, CCTrnsider ¥vherh¢T the other information is materially inwnsisient thith ihe financial sts¢em¢nis or our knowledge obtained in th¢ audit or otherwise appeaTS to be tn3tena]Iy ￿15St￿led. Ir we idenlify such tna¢erial inconsistenci￿ or apparent rnaterial misstatements. we are required to deterniine Vlhether there is a rnateria] misstatetnent in the finaneial $￿ternents or a material mi5Statement of the other inforrn31ion. If. based on the ivork we have ￿rforntd. we conclude that there is a material rnisyatemeni of th4S Qther inforniaiion. we are required io report ihai facL We kn'¢ N)rhing io reFX)n in this regard. 22 INDEPENDENf AUDtTORS' REPORT TO THE TRusfEES OF THE ROIMAN CATHOLIC DIOCESE OF EAsf AINGLI.4 latters on w'hich we are required to report by exceptio Ive have noihtnu to report in respect of the followitlg matter5 in rei*ioTh to which the Charities (Accounts and Report5) Regulations ?008 require us to report ￿ you if. Èn our opinton= adequate accounting records have not been kept by the parent charit).. or return5 adequate for our audit have not been received from branches noi vi51ted b). us= or sufficient accouniinu records have rK>i bttn kept. or the parent chariij financial SLqtements are not in &reement wilh the a¢eouniiog records and reiums; or we have not received all the inforTnation and explanations we require for our audit. Responsibilities of trustees for the financial statements As explained more ￿]lY in the trnstees. responsibilities stsiem¢nt s¢t out on page 3. th¢ llust¢es are r¢sponsibl¢ for th¢ preparation of the financial statements and for beirtg satisfied that the) give a tTue and f31r view. and for su¢h irtternal cont￿1 as the tNstees determine is necessary io enable the preparaiion of rtnanci3] siaiements that are free from material missiai¢menL whether due io fraud or ¢rror. In Preparing the financial stat¢tnents. the trustees are res￿)nsible for a5￿55]ng the group'5 and the parent charity's abilit} to continue as a goinu concern, disclosin(p &5 applicable. matter5 related ro goino concern and using the going coneem basis of accountiniy unless the trustees either intend to liquidate ihe group or the parent charity or to cease operations. or have no realistic alternative bui to do so. Auditor'$ responsibilities for the xudit of tbe fJn#u¢i#l $tattmeuts Our obje¢tiTres are to obtain reasonable assuTan¢e about i*hether the financial statcmeTLt5 as a whole are frtt froTh material misstatemenL whether due to fraud or error. and to issue an auditor's rq￿rt that include5 our opinion. Reasonable &ssurdnce is a hinh level of assurance. but 15 Tiot a guardntee an audit conduaed in accordance i¥iih ISAS IUKI Ivill ali¥ays deteci a material misstaiement ivheTr li exists. Missiaiements can arise from frdud orermrand are considered material if, individuallj. or in the 2ggreoate, they could reasonably be expe¢ted ￿ influen¢e the ¢¢0￿MI¢ de¢isions of useJ5 trken on th¢ basis of these financial statements. Irregularities, includino fraud, are instances of non-cornplianceivith laivs and rvulaiion5. We de5ion procedure5 in line with our responsibilities, outlined aboie, io deieci m&erial missthiements in respeci of irre4ul8riiie% including fraud. The exieni io whi¢h our pr￿ed￿r¢S ar¢ eapable of deterting irr¢gulaMiie& in¢ludiog fraud is detsiled below- Ba5td on our understandillg of the gTOUP and the tnN'lron￿cllt in which it operate5. we identified that the principal Tisks of non-compliance with la￿S and reuulatlOll5 related to Car￿￿ Laiv: eTnplo)rneni laiv. safequardinu regulatiotLS and Charity. Lai¥. and w'e considered the extent to which non-compliance mi£hi hai'e a maierial effect on the financial siatemenis. We also considered those laws and re(Tulaiion5 that have a direct impact on the preparaiton of the flnancial stalemenis such as Charities Act ?01 l and Charities SORP. We evaluated rnanagement's ince￿]Ve$ and opp)rtunitirt for fraudulent manipulation of the fmancaal statetn¢nts lincludin8 the risk of 0￿'¢r￿de of contro15). Audii procedures perforrned b}. the enua(remeThi ieam included.. Review of minutes of trustees. meetin In5peciino correspondence iN"iih r￿UlatOrS and tax authorities- Dis¢ussions %￿lIh mana?emeni inclllding ¢onsid¢raiion of knowt) or suspeded Inslan¢￿ of non-compliance ivith laws and refpulation and fraud" Evaluating management's CODtro15 designed to prevent and deteci irre4ulariiies- Identifying and ies¢ino jouma]s= and Challenoino as5urriptions and jud(tements made by management in iheir critical accountinOI 508.189 470.492 2),008 (621,494) 11.682 {1.993.744J (1.676.940) {86J,719) Cgsh Ilows from It￿eSting activitie5 Dividcnds, inteTest atd rent frorn inve5tmetits Pro¢¢eds fwtn $3J¢ ol investsn¢Dts Proceeth for sale of I8￿gIble fI￿¢d assets Purch￿¢ of investment Purchase of Lqn.'ble fixed a55ets 737J93 1.416.604 193,641 621.494 2. 14? JOO 2.028 (1.&97.331) f727.901) (645.442) Net ¢ash pmvid¢d b)./(￿Sed inl investi1￿ •ttiYities 291,055 350.390 Cash flows from fingncing •¢¢ivlie5 Inieresi free loans io cler8 Ncw loatjs madc 1.475 18,087 (Joo,000) Nel cash provided by/{used inl financino xiivitie5 1.475 (281.913) Change in and cash equivalenrs in Ihe year Cash ttnd cash ¢quivalents ai th¢ kginnÉntof th¢ )ear (1,384.4101 6.326.6?3 (793,242) 7. 119.865 C&sh ¢#sh equivaltnts #t th¢ thd of the year £4.942.213 £6.3?6.623 Analysi5 of cash aDd eA5h tquivslellts 21123 2022 Cth in hand Cash held in inYcstTn¢nt ￿rtfolIO 4.80? 141 140,072 6,099.i73 227,050 Totsi cash and cgsh equivalents £4,942.213 £6.3?6,623 At Jaou2ry At 31 De¢ember 20LI Other T*lovtmtnts Z023 C*sh flows Attjlysis of changes net fundsl(debt) Cash at bank in halxi Inieresi Iree car108ms io elerg Walsin8ham Trust loan 6J?6,6!3 19.766 3(H).O(K (1.384.410) {1:47il 4.942,?13 (300,or)01 £6.646J89 l.38i.88ii 3W.(MK)I £4.960.i04 THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA NOTES TO THE Accouprrs FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES BASIS of preparation and 35sessmeDt of goiDg conttrn These financial statements have been piepared in accordan￿ with the Statement OF Recomtntnded Praciice.. Accounting and Reporting by Charities preparing their a¢¢ounts in accordance with the Fllian¢ial Reporting Standard applicable in ihe UK and Republic of [￿land (FRS1021. the Charities Act 2011 and UK Geuerally Arccpted Practice as it applies from l January 2019. The f￿anCIal stataneuts have been prepared to give a 'true and fair. view and have departed from the Clwitie5 (Accounts and Re￿r[sI Resularion5 2008 only to the extent rcquircd to provide a'truc and fair view,. Thi5 departure involved followino Accouniing and Rep)rting by Charities p￿parIng their accounts in accordance wilh the Financi￿ Reponing Standard appli¢abl¢ in the LK and R¢publi¢ of Ireland (FRS 102) effective from l January 2019 rather than the Accounting and Rewrting by Charitics-. Siaiement of Recommended Praciice effeciive from l April 2005 which has since been withdrawn. The Charity consiitutes a public bertefii entity as defined by FRSIO? Assets and liabililies are initially recognised at hi5tOTica] cosi or transaction va]ue unle55 otherwise stated in the relevant accountin policy note. The financial statements are prepared in t*)und5 Sterling and rounded to the nearest pound. b) Going COAcern The Trustee5 eon5iderthat theTe arenornatttial unccrtaintiesaboutthecharity's abilityto continue &5 agoing eoncern. The TnJ5tees have carefully considered future cash flows and the projected reserve5 W5ition in detail for 2Q?4 and 2025, with ￿rther Projections up to •027. In the li" .htof thes¢ considerdtions, th¢ Tnjstees ¢ontinu¢ io adopt the going concem basis in prep2*ing ihese finathcial statemen Fund struclure Reslricted Funds llndPermanenUy Endowed 71)e Charity has a number of re5￿Cl¢d income fvnds to a¢¢ouni for situation5 ivh¢r¢ a donor r¢quires that a donatÉon Tnu5t be 5PEnl on a particular putpost or whetE funds have been rnised Fora 5pecifit PUTP05e. DEiai15 of funds subject to legal restriction are set out in note 16. Unrestricted fjndParI￿￿1￿I Fund EKh parish is considered by canon law to be a juridical person with correspondino riahts and obligydtions. including the holding and use of funds. The use gf these parochial fvnds is ihe responsibility of the Parish Priest. Diocesan Finance Board {TnJstttsl. Collcgc of Consultors and iht Bishop in varying ways depending on the amollnt and significance of the funds. Whilsi they have Certain charaderisiics of restricted fvnd& they are considered to be unrestricted. but desiDnaied. Unrestricted income fvnds comprise fund5 ivhich the TnLsiee5 are fr£e to use for any purpose in ihe furtherdnce of the charitable objectives. Designa¢¢dfunds Details ofthe fur¥ls desiona*d by the Trustees are sel out in note 15. PFiorperiodadjAstmeni D￿rillg ihe preparation of ihe 20?3 finan¢iaI staiements li (xme io liJts Ji thai resiricied funds income and expenditure had not been ctrrre¢tly allocated auainst Certain resiri¢ted funds in previous yeais. The relevant prior period fund balances. income and expendiiure haye therefore been restated in respect of this Illatter. Further delails of this r¢5tatetnent Ènd the affected funds are provided in note J? . 28 THE ROI¥IAN CATHOLIC DIOCESE OF EASf ANGLIA 140TES TO THE ACCOUNTS FOR THE YEAR ENDED JI DECEMBER 2023 AccouKfiNG POLICIL8 (continued) d) Taxation and irrecoverAble VAT The Diclcese is a reoistered charity. and is exempt frotn (x)TP)rat¢ taxe5. to the exttnt of Dperating within its charitable objeclives. Irrecoverdble VAT is charged again4 the expenditure type for which it was incurred. Intome All income is recognised ontt the Charity has entitletnent to the income. il is probablethat the income will be re¢eiv¢d and the amount of in¢ome receivable can be measured rclrably. Letaeies donulions andgrnNts For lesit is included whett teceivable and the amount can be ￿eaSured reliably by the charity, this 15 norm&lly upon notification of the interest paid or pavable by ihe bank. Dividends are r￿ognISed once the dividcnd has been dec12rtd and notifjcatioth has been retcil'ed of the dividend due. Thi5 l5 nornlally upon notifieation by (he investment advisor of the dividend yield tsf th¢ investment rx>rtfolio. Income from Government Se¢urities is re¢ognised when li is received. In¢ome accrued and not received on these securities ai 31 December is intluded in rhe arkd value of the investmerlts held. Rental incotne under operating leases is charged to the pmfji and 1055 accounts on a straight line basi5 over the Èerm5 of ih¢ l¢ase. Expe#diture The is recooni5ed once there is a l¢ga] or constru¢tiYe obliJo lion ¢ommillinu the Charity to expendiiure. li is probable that settlemeni will be reqtsired and the 2mouni of th¢ obliga¢ion Can be me&%ured reliabty. Expenditure is cl&ssifJed under the following a¢tiviry h¢adings'. Costs of rnising fund5 includes ftts and chargcs for the management of the investh)ent portfolio and fundrdiSinu c05t5. Expenditure on charl￿ble aeiivities include5 direcL 80V¢rna)￿ and support costs attributhble tts the four main a¢tivitit5 of the Chari￿. beino pro%'L5ion of worship, clew and PaTish supwrt, pastoral ore and community. support. and the schools programme. Scliool buildingprogramme The Diocese assists Schools undertaking tnajor projects by meding the costs and claiming grants on behalf of the schools. As the Diocese is aeting as an iDiemiediaTr in ihe relaiionship betsveen the s¢hcK)1s and the grani ￿nders, these grants are netLed off against the cost and onl). the nei costs to the Diocese are included in the financial statements. 29 THE ROMAN CATHOLIC DIOCESE OF EAsf ANGLIA NOTES TO THE AccouTrrrs FOR THE YEAR ENDED31 DECEMBER2O23 AccouNfiyG POLICIES {eontinued) Allotatl(pn of support costs Supp¢)rt costs are those functions th* Lssist the work- of the Charity bui do noi directly undtttske charitable activilies. Support Costs snclude bxk office costs. finance. personnel. pavroll artd gov¢mance costs whi¢h support the Charity's activiti￿. These costs are apporttoned be￿e¢n Charitable activities on th¢ basis Oft￿ Tru5tees' e5titnate of time Spent on the relevant functions. h) Gains and losseJ Unrealised gain￿[￿sseS on invesrments are calculated as the difference beÉween openino market value and closin rnarket value aft¢r adjusting for additions and disp)sals dunno the Trear. Tangible fixed assets D¢pretiatJon 15 calrulatd by the 5traiuht line method to write off the COSLlv3]ue less 2niicipat¢d r¢sidual value. over Ihe expected useful lives of assets follows=_ Freeknld buildings Furntlure, equipment and motor vehicles 50 years 5 years The need for any impairnient of a fixed asset wriie4own is considered If there is roncern over ihe carrying value of ali ￿Se1 and is assessed by comparing Carrying value instthe Yalue in useor reajisable value of the ass¢1 when appropriate. The Diocese has 19 academy s¢h(K)Is whieh are gmuped undernvo Mulii Academv Trus15. 5 voluntary aided schools, and 2 inteT-denorninalional church 5ch(xtrls. which are Consiituied as sepa￿e academies. and two independeni s¢h(L)Is. These number5 will change as more sch¢y)Is join th¢ MA Ts in line with Diocesan policy. The $￿t school propertie5 (land and buildiThgsl are vested in the name of the Diocr53n TrustEeS. The Diocesan TrU￿eeS cannot t&ke a unilateral decision to dispose of these properties. Disp)sal onty occur if the school governors and the Secretsry of State for Education decide that all or part of a sch[￿1 51te 15 lon£er required for educ<on. In MO￿ circum51antes, where a disp05al occurs: the Secretary of State or the local authority may be ¢nii¢led to ffcoup grant. Although no rights of owneTship vest in theschool ooverning body. most oihernghts 2nd obligatlDllS. such a5 for the mainteDance and r¢paiT of the school and its facilities. are passed io the govemors. The Trustees therefore consider that. for the purwses of these financial 5taiem¢nts, the na¢uTe of their 0%￿t￿biP i5 thal ofacu51odian5hip. howeverthese properties have been pUrCh￿ed and wriiien ofy in the Diocesan accounts for the amounts ihe Diocese conrributed in the past and th¢ ts involved have TLOt been 5epaTattly identified and are not considered material in the overall context of the accounts. Investment properties Investhi¢nt proper¢i¢s are valued by the TTUStees at fair value and are not depreciated. The Staiement of Financial Attivilie5 inrlude5 the net gain5 and1055ES arising on the revaluation and dispos￿5 thn)ughout the y&gr. k) Investme￿ts Investments are a forrn of b&sic financial in5trumeni and are initially re¢ognised at iheir tranwlion value and subsequentlv measured ai their fairv21ueasatthe balance sheet date using the ￿Id-maTket quoted Price Iihe difference b¢Meen mid.mark-¢l and bid price is deemed not to be rnaierTall. The Statement of Financial Activities includes the Et gain5 and 1055¢5 ari5ino on rEvaluatiotL and disp05a15 throughout the year. The charity does not acquire pui options derivatives orother complex finan¢ial instrumenis. The main fi)rni of financial iisk faced bv the ¢harity is ihat olvolatility in equity Tnarkets and invesllnent markets due to wider economic conditions. (he attitude of inve5tOf5 to inveskneni risk, and changes in sentimtnt conceming equitie5 and within particular see(ors or sub sectors. 30 THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECETrIBER 2013 ACCOUNTING POLICIFS (continued) Debtor5 Sundry debtors are recognised * the settlement anTh)uDt due. Prepayments are valued at the amount repaid of any trade dis¢ounts due. rn) Cash at bank aDd in hand Cash at bank and in hand includes trash and slM)rt term hiuhly liquid inve5tmeThts with a slK)rt maturity of three months or less from the date of acqui5ltion or openinD of the de￿sIt or similaraccount. Creditors atsd prnvisions Creditors and provisions are re¢ognised where the ehoriry has a present obligation resulting from 2 past event ihat will probablv result in the transfer of fvnds tt) a ihiftf partv artd the amount due to settle the obligation Can be measured or estimated reliably. Cieditors and provLSLons art nOTma]ly recognised at their settletnent amount after allowing forany trade discounts due. Financial iDStruments The chatity only has financi￿ a55ets and financial liabilities of a kind ihat qualify a5 basic financial 1Tr5tTUTnents. Basi fmancial instrumenis are initially recO￿lS¢d at transaction value and subsequently measured at their settlement value with the exception of bank loans which are 5ub5equently rnea5ured at atnortised cost using the effective interest method. Fixed assets are recorded ai depreciated hiS￿n￿l Lv5t or revaluation. investmenÉ5 are recorded ai their fair Value which is the market value as disclosed in noie I l and all other and liabilities are recorded at cosi whtch is their fair v￿￿e. p) Pensiorts Pension contributions to a defined contrib￿10￿ ￿lon scheme are ehar8¢d ￿ the Sialement of Financial Activiti¢5 as ihey occur. These contnlTrutions are invested seprtely ftom the Cl]aTity's assets. Certain stsff are rnrfflber5 tsf aPensions Trust pe￿￿#1 pension %heme gr0￿h plan to which they Tnake contTii￿t1Olls. The Diocese contributes an ￿ditional amuntto theemployee'seontribuiion.The scheme h&$ beentreated as a defined contribution scheme &5 disc105ed in note 22. p) Critic31 judgements and e5timate5 In preparing th&e financial $￿ements the irumees have had to Tnake e5timate5 and judgetnen15 th￿ affect the arnounts recognised in these financial statetnents. E￿i[nateS and juduements are coniinually evaluated and are b￿d on historical experience and other factOT5. includino expectationsof fi]WTe events thaLare believed to be reasonable under the circurll5tances. Ke). areas Subject to judgement and estinarion relate to depreciation, invesiment property valuations and a¢crued I￿acleS. 31 THE ROMAN CATHOLIC DIOCESE OF E.4ST ANGLIA NOTES TO THE ACCOUYTS FOR THE YEAR EliDED31 DECEMBER2023 IiYCOME FROTrI ￿NATIoNs AND LEGACIES-CURRENT YEAR Llnr¢stricted funds Gthernl De5ignaied Restricted fund5 Parochial [￿ndS 2023 Total Legacies Donation5 including plate collections Grdnt5 202.149 4.598.955 18.904 204.149 5.358.576 18.9M 208.638 550.983 Total £208.638 £552,983 £4,820,￿8 £5,581.629 Included ￿7th7n restricted grani in¢OTne 15 £Dil12022 .. £70.230> from Historic Engjanth Th¢T¢ i￿¢1¢ no unfulfilled wnditio at tk year end {2022= £nil). INCOME FROMDONA TIO.NSAND LEGACIES- PJUOR YEAR Unresrridedfunds Re5trided Purochiol 2022 Totol As resi&ted As resiaied Legacitrs DO￿4110￿$ iprliidingplale colle¢iions Granfs ?iO.000 142.346 0,960 430.317 70. ?30 709,313 3.989.237 16.645 466,273 4.i6J,900 86.875 Trtal £392.340 £i07.507 £4.215. 195 £). lli.048 3& INCOME FROM CHARITABLE AcfiviTIES- CURREfnYEAR Unrts¢rie¢ed Cuthds GtNer41 Designated Restrieted funds P*ro¢hial (￿￿(1* 2023 Total Althr sociery and repoSi￿ry sale5 Chaplain¢ies Other 34203 44,885 54.20? 34,203 44,885 67,060 12.858 Tot31 £12.858 £1 jj ?90 £146.148 3b. II¥COME FRO￿1 CIL41UTABLEACTIVITIES-PIUOR YE4R Unresiiidedftsnds General De￿gnated Restrided Purncliithl fuiid5 2022 Total Aliarsociety andiepasilory sules Chapluincie5 Oiher ?6,4j4 70,)8? 56,428 26.4)4 70.)8? 67,650 11,222 £Jl.222 £153.404 £164.686 32 THE ROMAN CATHOLIC DIOCESE OF EAsf ANGLIA NOTES TO THE ACCOUN4TS FOR THE TrEAR ENDED 31 DECElblBER 2023 4a. INCOME FROIll OTHER TRAD1I4G AcfiviTIES-CURRENT YEAR U￿r¢stricted Genernl Design*¢ Resiricied funds Parochial funds 2023 TotAI P￿ish hall and other rents received Fundrnisins evenrs 15.501 102.004 42,719 202.271 100,267 Total £1?7.485 £117.505 £244.990 4b. INCOJVE FROfvJ OTHER TIUDJNG ACTIVJTIES- PRIOR YEIR Unre5trirtedfunds G¢Th¢rnl Design&ted Restrithed funds Purochiul iiids 2022 Toiol ParEsA hÉFI1ÉFndoihErrER￿￿reCe[Ved Fund￿￿l￿g events 33.679 218,400 15.491 98.507 49.170 516.913 Tolal £2) ? 08) £115.998 £366.083 INVESTMENf INCOME- CURREfff YEAR Lnrestrirted funds Genera Dffiignated Restrieted fund5 Parochial funds 2023 Totsl Arising on quoied investrnents Income from investtnenl properties Bank interest 139.959 9.794 98.717 26.241 19,672 185,872 427,894 12J,627 418,100 15,107 9.803 Total £248.470 £26241 £29.475 £433 ?07 £737,i93 Sb. IIVVESTMENT II*CONIE- PRIOR YE4R b'nre51rirtedfiinds General ReYlric¢ed flind5 Parocliial fuiids 2022 Tolal ArEsing on qitoledinveslments Jncomefrom inwstmeniproperiws BL7rtk irtieresi 14i.906 ?J.213 20.358 190,537 J93.J65 37.792 380.6?6 i.908 26,526 i.3)8 Tolal £185.031 L74,213 £2), 716 £386,i34 £621,494 33 THE ROt*lAN CATHOLIC DIOCESE OF EAsf ANGLIA NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 OTHER INCOME- CURREh7 I'EAR LTnresiritted fund5 Gtheral Designated Restrirt¢d fuDd5 Parodjial funds 2023 Total SurpluO110ss) arising on sale of fixed assets 40,454 8.197 48.651 Tot¥1 £40,454 £8.197 £48.651 6b. OTHER INCOME-PRJOR YEAR Unreslriciedfunds General D￿gHI71ed Re5triciÉd fundt P4rochl41 funds 2022 To¢41 (La￿)/￿IrPl￿5 arising on sole of fixedossets (11.710) 28 (11,682) £(11.710) £28 £111.682) 34 THE ROMAN CATHOLIC DIOCESE OF EA5f ANGLIA NOTES TO THE ACCOLT4TS FOR THE YEAR ENDED 31 DECEhlBER 2023 EXPENDITURE- CURREwf YEAR General FuDds Designated Restritted Fund5 FuDds Parochial Funds 2023 Total Cost of generating fund5 Fundraising and social Investment management fees Itjvestmenr property r¢pairs 105.i22 .8?6 17.835 123.157 106,277 7.152 102,146 7.15? 2J05 109298 2,305 107,148 17.8i5 236.586 Provision of Ivor5hip Upkeep of buildings Depreciation Support costs (note 8a) ?88.829 109.475 1,165.332 436,447 1,563,636 525,278 191,779 88,831 191.779 480.608 88.831 109.475 1.601.779 1280.693 Clergy #nd parish support Clergy and church Costs Education and trdining Parish administrdiion Support (note 8a) 164.321 21.69i 181,712 27.￿1 215,245 12?8.410 1.789.688 13? 167 2.005,924 191,779 79.063 1,926.861 191,779 377,793 209,613 376,881 3,155.771 4,119,558 P35toral Cgre 9lld CoM￿UnitY Support Child protectio Youth 5ervic¢ (hher commissions Pilgrimages th)nations to ¢hariry Support Costs (note 8a) 114223 89593 36J92 114,223 89.593 36,392 23.337 34.246 32.499 66.74) 95.890 95,89) 336.098 31499 57.583 426,180 Sthools prograrnme Building progrdmme Direct 5UPPOrt costs Supwrt costs (volt 8a) 90,2i5 247.659 90,235 247.659 i92.276 i92.276 337.894 730,170 Totdil expenditure £1.696,073 £638,643 £626,(Y)3 £4,832.468 £7.793.187 35 THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA NOTES TO THE ACCOUNTS FOR THE YEAR EliDED31 DEcE￿IBER20I5 7b. ￿￿ENDiTuRE- PRIOR YE4R General De5ignuied Restricted P4rocJii41 Funds Funds Fiinds Fumds A5 resluied A5 raslaied As resioied 2022 Tolal C05t ofgenerlltimgltrftds FiitFdraising andso¢ial Jnveslmeryl rnanagEmenifees I￿e51￿￿￿$pr¢>perty repwrs 15,790 39,81i 55.6Q5 70, 718 6, ?93 7CI. 718 6.293 77.Qll 15, 790 39,815 J32.616 Provision of worship bfft¥ke¢p ofbuildings DEpreciaEio Siippori Costs (nole 8b) ?12.802 220.610 1.478. IJJ 436.447 J,9Jl,i53 508.J89 165.990 71. 74? 165.990 378.792 71.742 2?0,610 1,914,588 2,i85,732 Clergv ondporish sllPPOrt Clergv Éjndchiirch costs Ediicaiion Irtsi￿l￿g Parish admill￿1raI1O Suppori cosls {nole 8b) 246.i92 24.239 l)2.4?0 280,509 16. 136 54, 164 I, ?)7.371 1,93Q892 72.634 1,46i.946 16i,990 1.4Jl, 78? 165.990 436,8?] 184.679 3in.8Q9 2.669. 153 3,641,462 Pl￿tor￿1 Care and Communitj, Sujpport Childpraleciion Yoiilh senice Other ¢ommi*sions Pilgrimages DoKaiions io charity Supporl costs (nole 8b) 112. ?48 99.040 29,5)7 112,248 99. 040 29.5)7 16,257 38,878 82,99) 16. ?57 3J,i73 7.305 323,&10 47.830 378.97i Schoo15 progrnmme Btiildingprogramme Direcl sitpport CDSIS Siwpori cosis (note 8b) 162.1K17 ?iO.908 162,007 270.908 339,525 339.5?) 339, j)) 432,91) 772.440 TotalEYpendiftire £J.iii.989 £689.336 £i94.i14 £4.67J.380 £7,ill,225 36 THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA N(YTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 DECE￿IBER 21123 8a. SUPPORT COStS-CURKENT YEAR Pastoral eare & comrnunity support Provision of w•rshÈp S￿PPort of dergy Schoo programme 2023 Total Office adminisirntion Rates. insurance and utilities Maintenance atld repairs Gift Aid expenses Professional fe¢5 Governanee costs Olher 133.034 8J39 16.547 500 10251 7.191 15.917 133.034 8.339 16.547 500 10251 7.191 15.917 66.517 4.170 8.274 250 5.124 3.596 7,959 272.114 17,058 33,847 1,023 20.967 14.710 604,699 37,906 75,215 2,273 46,593 72,350 £191,779 £191,779 £95,8 £392276 £871,724 8b. SUPPOR T COSTS-PRJOR YEAR Poslornl core & community support Provision oJwoftship ipport olcle Schools pr￿Mm￿e 2022 Total OffEcÉ thipJi5Ey￿1￿n Raies. I￿￿rance ondi¢iiliiies lainienance andrepfjirs Gifi Aide.rpep75es Pp'ofessionalfees Gotrernon¢e cosls Oiher 1?3.lJ7 5.180 g.t502 42? ii.iii JO.387 6,171 123, 117 5. 180 61,ii9 2,590 4.801 2JJ i.ii6 i. 194 3,08) 3il.831 JO,i9i 19,641 j59.6?4 ?3,54) 43,646 1,917 50.500 47.214 28,049 422 ii.Jii 10.387 a171 ?2. 728 ?1.246 12.632 1165,9 £165.99 £339,525 £7i4.501 9. GOVERNANCE COSTS 2023 Total 21122 Auditor's remunewion- audit seThices (incl. VATI Auditor'5 TemuneTation-otherla¢wuntan¢y (incl. VATI Auditor's remuneration- additional fecs for 20?? 46.5LK> 7.500 18.350 38.io £72.350 £47.314 37 THE ROMAN CATHOLIC DIOCESE OF EAsf ANGLIA P40TES TO THE ACCOUNTS (Contin￿ed) FOR THE YEAR ENDED31 DECE￿IBER2o2J 10. srAFF The averdoe number of employees of the Diocese during the year And their aggregate emoluments ar¢ shown beloiv.. 2023 2022 Staff costs: Wage5 and salanes Social security Pen5ton costs 866.878 69228 58.542 8)8. ?61 iO,593 jl,??O £994.648 £960.074 The aver2ge nllmberof employees during the year Wd5: 2023 2022 Administration Parish employees 19 32 20 33 51 53 The number of employees who had emoluments exceeding £60.IK)O w¢ff'. 2023 21122 £60.CKJI - £70,000 £70.001- £80.000 £80,001- £90.0(KI The etnployer's pension cost forthese employees was £R5J28 (2022: £9J18). The Charity Considers lis Key Ma]￿emen[ persotthel to comprise the Trustees. the Financsal Secrelary and the School Officers. No TTUStee received any retnuneration or b¢n¢fits during Ihe %ear. exc¢pi as di￿lOSed in note 20. The total 7022= £180.1901. etnployee benefits ofk¢y man￿￿eTne￿I ￿rSonnel durjng the year were £184.9681_ I I. TANGIBLE FIXED ASSETS Details of the movements in fixed assets Js Included on the next page. The Diocese also OWDS a nUTnbErof ￿1￿15 of which the Truslees cDnsider that theirowner5hip 15 that of a custodianship however these properties have been purdL&sed and ￿Titten off in the Diocesan accounts for ihe amollnts thai the Diocese contributed in the past. The Costs involved haye not been 5epardtelv ideniified and are rrf)t considered material the overall context of the a¢¢ounts. For inswwK¢ purposes. the Diocese's insurer5 allow a notional reinstatement value of £520,000 for each ￿h0O1, i￿t5p££tive of size. This sum purp)rts io represent I￿/0 of the Governors, re5ponsibiliÈies for thc cxtemal fabric of sch￿1 buildings. based utK)n a noiiottal value of £3m plus for each school's buildings. Apart from a small proportion used for managemetlt aTKI adrninistrntion. ill fixed assets are used in direct fvttherance of thr charity's obj¢cl5= 38 THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA NOTES TO THE Accouwfs (Coutinued) FOR THE TrEAR ENDED 31 DECEMBER 2023 TANGIBLE FIXED ASSETS (tontinued) Frethfrld Building5 i￿se￿oId Buildings Fttrnitsrt #Trd Equi￿￿¢￿1 Motor Vehicles Total Valuation ind cos¢ At l January 2023 Additions Disposals 21,956,698 705.059 {160J04) 1,4(Kl J97.658 1 ?98076 7.725 44,093 23,300,567 1,110,442 (185.923) 125,4191 At 31 December 2023 22.501253 399.058 1.306.101 18.674 24.225.086 Depreciation At l January ?023 Charge fr¥r ihe year Disposals 6,435 •?8 28 7,981 1.148.689 69,029 42,173 1,920 125.4191 7,626.118 525,242 (40,934) 115,5151 At 31 De¢¢mber 2023 6.866,025 8.009 1.217,718 18,674 8,110,426 Net Book Vallle At )1 December 2023 £15,635228 £391,049 £88.383 £16,114.660 At 31 December 2022 £15,521,470 £149,687 £1,920 £15,674,449 12. INVEsfMEi¥rs 2023 2022 B&lance at l January Additions to listed investments Disposals at markei ￿alUe Gain￿(10$$e$) during year Movement on ¢ash balattces PropeTty revaluation 14.241.396 J2,6i5,896 1,687.331 (2.080.gi4J {76? 902) 40.525 2.69i,500 11.416.604) 463,910 (86,9781 146,026 At JI tkcember £14.758,891 £14.241,396 Analysis of invesim¢nts- Invesiment properties Quoied investments C&sh 6.557,526 8,061.29) 140.072 6,4Jl,51YO 7,6112.846 227.Oirfl £14,758.891 114,241.396 Cost of quoted inve5tlnEnts at 31 Ikcember £6,446,840 £6.2i8,i03 All investtTtenÈ5 are carried at their fair value. Investments in equitie5 and fixed intere51 securities are all traded in quoted public Markets. The basi5 of fair value for quoted invesnnents is equivalent tts Ihe market value. Investment sales and pur¢hases ate rttoO￿l$ed at the date of trade cosi (thai is their transaciion valllel. Included ivtthin the inV￿lMenT properries are some properties which were vajued beNe¢n Marth and April 20?3 by Vi¢ki Hackett Msc LL.B (Hons) MRICS. Clara Atundel Bsc (Hons) FIUCS and KathaTtne Stott fvfRICS who are all representatives from Savills Iuk) Ltd. The ori. inal cost of the properties is unknowil due to the lentsth of time that these have been 04vned bi the thocese and therefore the original cost value 15 not disclosed in these accounts. All other investmellt properties have been valued by rh¢ Trusttts using available market d￿a and pnifessional valuations will occur on rollipg cycle in future No investment properties %vere added or disposed of during the year (prior ycar.. nil) 39 THE ROMAN CATHOLIC DIOCESE OF EAsf ANGLIA NOTES TO THE ACCOUNTS {ContiDu¢d) FOR THE YEAR ENDED31 DECEMBER2023 13. DEBTORS 2023 2022 Grants due on school projeets Gift aid due on th>nations Interest free car loans ¢0 ¢lergy Oih¢rd¢￿Ors and accrued income Moni£s due froTn third partie5 Walsingham Ttust loan 11.960 400,IKN) 18.291 122.201 6.940 4iO.(JOO 19, 766 162,043 27.4ii 300,000 £585.637 £906,204 The interest free car loan5 to clergy ar¢ Ttpayable over a tenn of 3 years. 14. CREDrroRS- Due within 0￿¢ year 2023 2022 Collection5 to be paid out School project monies received in advance and Devolved Fonnula Funding held on behalf of schools Due ro the Ea51 AngliaD Diottse Dependent Priests. Fund Other cteditors and attruals 57,054 95.0?7 595,867 26,794 5?9.243 483, 169 150,i31 776,084 £1.208,958 £J.504,SJJ 40 THE ROMAN CATHOLIC DIOCFSE OF EA¥f ANGLIA NOTES TO THE AccouTr¥fs {Contitsued) FOR THE YEAR ENDED 31 DECE%IBER 2023 158, UP*REsfRicfED DESIGVATED FUP4DS-CURRENT YEAR B#lxnte #t l J*nuary 2023 Net lrtcomel xppnditsre) Bxlanct #t 31 Deeember 2023 Gains on Investments Transfers Sch(K>15 Consortium Funds Ministeria] Trainino Fund Clergy Pension Fund Other funds Fixed Assets 568.828 363.680 1,004.433 32.96J 1,580,634 {329.833) {l2.0?6) {181,712) 553.222 27.661 54,559 25.505 8,153 817.722 407.468 877,280 32,963 2.292.257 {88,8)1) 800.454 £3.5iO.538 £{61?,40?) £1.43i.896 £5i.658 £4.4?7,690 Isb. UJVRESTIUCTED DESIGfvA TED FUNDS- PRIOR YEAR 84lance Balahce ai 31 Deeember 2022 Income/ {EYFendithre) 21122 TransfeTS Schools Conxoriium 550,930 4JO, 180 l.J36.62i 32.963 1.368, 796 (422,031) (18.930) (152.420) 490,072 24.373 20.228 (50.J43) (5J.94J) 568,828 563.680 J.OQ4.433 Cleov Pension Oiherfynds FiredA￿￿ts 171,74?) 283,580 1,580,634 £3.499.494 £(065.123) £818.2i3 £{107 080) £3,550,538 Sthoo]s' Consortium Funds This represents the runnino costs of the Diocese's Sch(x)15 Buildin￿ Programme and other schools c95ts and expenditure takes place during the course of the year. Transfers represent the funds. share of invesunent income. linisterial TrainÈti Funds IncoTne is used to help pay diaCO￿at¢ expenses and tsaÈning costs of lay rllinisteT5 overthe CoU￿t of each year. Cle Pension Fund Contributions from paro¢hio1 funds w fund pensions for clergy over ihe wurse of ea¢h year. Other Funds Other fUt￿S are the Decade of Evangelism Fund from which tk) expenditure has recetly taken place. Fixed Asse Thi5 js the net b￿k value of Diocesan fixed a5set5 on the Balance Shea. as ￿s0 5hoivn in note5 17a and 17b. Trdn5fer5 are explained in no*$ 18a and 18b. 41 THE ROMAN CATHOLIC DIOCESE OF EAST ANGLIA NOTES TO THE ACCOU￿[S {Continued) FOR THE YEAR ENDED 31 DECETrIBER 2023 168. KEsfRICTED FUNDS AND PEKMAf4ENTLY ENDOWED FiIPIDS-CURRE￿T YEAR B*lallte at l January 2023 1o¢omel As teststed (EXpe￿d1¢Urej Ggin OossÈ%) on Investments Balance &t 31 Detember 2023 Trxnsfe Restricied Funds Voeations Fund Tru51 Funds Parochial restricted funds Alive in Faith Other Funds 231.732 65.li4 471.928 783.0?7 504.144 (18.885) 849 167.917 (55,190) 2.107 212.847 72.197 890,664 497,6Q7 515.849 6.?14 250,819 1250.819) 20.589 9.598 2.055,965 96,798 2,189,164 Permanently Endowed Trust Fund5 123 J29 2.169 125.498 £2.179.294 £96.798 £i8,570 £2,3 14.662 16b. RESTRICTED FLfNDSAND PERMANENTLY ENDOWED FUNDS-PRIOR YEAR B￿l￿nce fjl l Joiiiiary 21122 As r£slaied Bulonce lll 31 Dgeember 2(122 AS resloted Inconxl {E¥pendKti￿e) As resioied Tronsfers As reslaied (105se5) 0 Invesipnents Ras(riLYed Ftsnds Vocalions Fund Trust Funds Parochlal roslricledffiimis 159.341 77.6/4 198,644 1.377.JZS 525.J70 70. 71XJ 891 55,698 1.691 (J3,431} 231. 732 65,J34 471,928 783.0?7 5t74. 144 ?87. j86 (56? 586) (106. 15Q) nl,J56) O¢hffr FiindT 130 2. 768.0(u 20? 016 (275.000) (139,Oii) 2,Qii.965 Permap7epAily bId￿ved rrtssl Funds 128.018 (4,689) 123,329 £2,396,0)2 £20) 016 £(275.000) £(143, 744) £2. 179,294 Vocation Fund Income is used to help pay Sernin￿. college fee5 aDd kniDill8 expenses. and diaconate expenses. Trust Fun(Ls These funds con51St of donations and other in¢om¢ which have been invested. the income selle￿ed beit)g spent on the relevant 5pecifiG puTp05e5. Parochial Restricted FU￿￿S This fi]nd consisrs of donaiions weived by parishes towards specifi¢ projects. Tr4n5fers repre5enl amoun15 spent on fixed assets. Alive in Faith and Other FU￿d5 These funds consistof donationsand other contributionsfor srrtific purrrf)se5 Other ihan those listed above. PermantntlF Endowed Trnst Funds Ccrtain parish and other fund5 are Per[￿a￿t￿lI) Endowed. The incorne aTi5ing on these fi￿d5 15 Credit￿ to General or Resthcted Funds in accordance with Ihe ternjs of ÉheoTiginal end0￿Ment. 4? THE ROIMAN CATHOLIC DIOCESE OF EAST ANGLIA NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED31 DECEMBER 2023 17a. ALLOCATION OF THE CHARITY NET ASSETS- CURREWt YEAR Fixtd Net eurreni Assets Invesiments TotAI Unrestricted funds D¢5iunaled funds Parish fvnds Permanently endowed funds RE5tricted funds 6 ?07,0SJ .140.816 6.561244 (5,077.812) 994.617 6,797,131 125,498 1,339,386 1,129,?41 4,427,690 27.180,778 125,498 2,189,164 2291257 13.822.403 849.778 Total net assets £16.114.660 £14.748.891 £4.178.820 £35.052.371 17b. ALLOCA TIOIVOF THE CHARITYNET A￿ETS- PRIOR YEAR el currenl Assets As resioted Assets Inves&nents Toirtl As resiaied UnreslrictedfvkKts Designaledfup Parishfjinds Permon¢nily ¢1￿01y¢d￿Mts Rgslrieledfv￿ 6.614 170 1,09? 00 5.620.18J (3.960.300) 877,897 7.383.106 125.329 1.14?934 2.649.810 3.550,558 27,097.163 123.329 ? Oii.965 1,580.63 14.093,8J5 913.031 T(plol nel a5se15 £li,674,449 £14, 74J,3915 £i.iOO,906 £35.476.8Jl 189. TIL4NSFERS- CURRENT YEAR Gener21 Fund Designated Flln(ls ReSt￿ted Funds Parochisl FllDds Interest allocation between pari5he5 and fvnds Clergy Pension L¢Ny Levy on offertory income of pmrishes Fixed assets 131X).628) 54,559 246,069 216.084 1216.084) 1802.171) 580.883 800.454 181)0.454) £(663.710) £1.43i,896 772,1861 43 THE ROP¥lAN CATHOLIC DIOCESE OF EA￿ Af4GLIA NOTES TO THE ACCOUNTS {Continuedl FOR THE YEAR ENDED 31 DECEL%IBER 2023 181x TK4NSFERS- PRIOR YEAR Generul Fund As resialed Rurricled Funds As resrthed PorrKliial Funds As restoied Funds Inler¥st allocaiion behveenwwit￿s (1119.6?6) 189.598 J93.i40 (8.58OJ 22.832 86.804 (189,i98) (70i,391) Clew Pension Levy Lgvy oky offeriory 0f￿r1$h£S F￿ed asseis iJl,851 ?83.580 (27i.000) £?61.932 £818.2i3 £{27i,000) £(308, 185) 19. TRANSACTIONS WITH TRUSTEES AP4D RELATED PARTIES Two T￿￿te¢S of ¢he Dio¢¢se are olso parish pri￿ts in the Di￿¢Se. As PTiests they rt¢eive illCDm¢ frorn theirparishe5 together wilh livtttg actommodation. livints e.xpenses and reimbursement of costs incurred on behalf of their parish and the Di￿est on the same basis as othcr priests within the Diocese. They do Th)t rcceive any rernuneration or benefits fro￿ their tru5tetship. DurirLg the year expenses ivere paid to third parties on behalf of Bishop Alan Hopes and his successor Bishop Peter Collins in relation to travel a[￿ subsistence and health insuTan¢e amounting to a loial of £3i,41517027: £49,633). Th¢ Bishop is a ￿¢￿bEr of thr Vali￿￿.$ Congregation for DIVIDE Worship. whith necessitate5 trdvel to Rome #lld other cities abroad. The Wa15inoham Trust18 registered eharitv tn England and Wales with ¢hariN number 11806901 has a number of Trusiees who are a150 Trustees of The Roman Catholic Diocese of East Anglia. In 2022 a loan was made to the IValsin8ham T￿1 for £3(M).000. The d¢bi recovered during the yearby an exchange of PToperty and a balancing Cd5h arnounl. The 103n arnount ou¢siandino at the )ear eTTrd and record within debtors due ￿lthi￿ one year of £Nil 12022: £300.000). There were ng oiher tran5aaions wi¢h r¢lated panies in the period (20a? '. no oiher tran5a¢iions). 20. COTrIMI ITIWIErirs 2023 21122 Contracted for building work5 Èn parishes Auihorised not eoniracied for (Schools Buildings Programme) 14,069 9.180 193.Jn2 217.174 £4JO. ?76 21. CONNEcfED CHARITIES The Cathedral of Saini John the Baptist Trust (Registered Company No. 8491913, Registered Char]ty No. 11528201 was incorpordted on 27 Febtwary 2013 artd i￿k over the rnnningof the Narthex ai ihe Caihedral from July 201i. The East Anglia Diocese Dependeni Pri￿ts. Fund is a registrred ¢ompany {I10?7071 and charity (no 50555J4) and its main activity is to provide financial supp)rt to sick and dependent PTie5ts in the diocese of East Analja. Adrllinistrative suptrt)rt is provided to The £a5t Anglia Diocese Dependeni Priests. Fund free of charge, and f￿ndS of The East Anolia Dioeese Dependent Priests. Fund are held bv the D￿￿eSe on tl*ir behalf. Inieie5t Is receivable on rhese funds held. The balance due to The Easi Angjia Diocese Dependeni Priests. Fund * the year end is £26.794 and is included in creditor$12022.. £150.5il). THE ROMAN CATHOLIC DIOCESE OF EAsf AIYGLIA NOTES TO THE ACCOUNfs (Continued) FOR THE YEAR ENDED31 DECEMBER2023 22. PENSIONS The Diocese participates in the PertSJOn5 Tru5t'5 GrDwth Plan. The 5dLeme is a multi-employer Fnsion plan which is a money purchase scheme with gLtaranie¢d benefits. The Llio¢ese would have a liability if it ceased to panicipare in the scheme. which al 30 Septcmbcr 2023 was ¢alculated as apptDXiTnatelv £16.J8i (?0?2.. £?2,4I)l. The Diocese currently has no plans io le2ve the scheme. so this ¢oniingeTrt liabilitv has not been provided for in the accounts. Th¢ Diocese is committed to making contributions into the 5cherne up to 31 January 2025 caiclllated al 31 December 2023 to total £1.39512022.. £7.1781. This isa commimieni and nota crediiorandtherefore is noi provided forin the a¢¢ounts but has been recognised as a defined contribution Scheme when the payments ate Jnade. PRIOR YEAR ADJUST.METr*T Durino the preparation of Éh¢ 202) financial staEemtnts il came io lighi Lh* restricted funds income and expenditure had not been correcil). a]loc￿ed against ¢¢nain ￿$t￿l¢l¢d hnds in previous year5. An exercise wa5 completed to asctrtain th¢ appropriar¢ ¥alue for restricted funds within the Diocese and the adju5trnents necessary io correct these are as follows= Funds At l Januxry 2023 Restricted F￿ndS PArothiAI Alive in Restrieted Faiih Unre5tritted Parochigl furtds F￿d$ broughi forward as previously Prior yearadjustment 5.827.469 372.885 1182.457 (1.7 10 J291 .155.912 {372,8851 25,386,634 1,710.529 Funds brought forward re5tsted 6.2(M)054 471,928 78J,027 27.097.163 Funds At l J*nuary 2022 Restricted Funds Parothial Alive Reslrirted F#ith Unrestricted fuD¢ts P￿r￿h1￿1 funds Funds brought fonvard as pJeviously Prior year adjusimeni 6.876.77i 204.IM3 2,5 16.598 (1387,9541 .581218 1204,0431 22.873,371 2,387,9i4 Funds brought forward as restated 7,080,816 128,644 ,377,175 25,261,825 In£ome- DonAtion$. lega¢i¢s and grants- 21122 Restricted funds Parochial funds To¢AI Donations, leJo cies and (krants as Previously St￿ Prior year adjustment 668.418 1160.9111 4.054,284 160.911 4,722.702 DonatM)n% l¢gaci¢5 and grants a5 re51ated 507,507 4.215.195 4,712,702 Esp¢nditur¢- Upk¢¢p flf buildings- 2022 Restricted ruDds Parochial fullds Total Upkeep of buildin s a5 prevtously ststed Prior year adjustment 536,812 (316,?021 .161,939 316.202 1.698.751 Upkeep of buildings a5 restated 220.610 1,478,141 1,698.751 45 THE ROMAN CATHOLIC DIOCESE OF EAsf ANGLIA NOTES TOTHE ACCOUNTS (Continued) FOR THE ITAR ENDED 31 DECEMBER 2023 PRIOR YEAR ADJUSTMETrrr Expe￿d]IUTe- Clergy and thurth msts- 2022 General fund% Re5tritted lunds PArothSal funds Total Clerg>' and church costs 35 previously Stated Prior year adjustsnent 140.434 11)6,158 483.151 (20? 64?} .16D.887 96.484 1,784,472 Clergy and church Costs as restated 246,59? 280.509 1.257.371 1,784,472 THE ROMAN CATHOLIC DIOCESE OF EAsf ANGLIA PIUTES TO THE ACCOUYTS (Continued) FOR THE YEAR ENDED31 DECEMBER2 24. STATEP*lENf OF FIN.4NCIAL AcfiviTIES- PIUOR YEAR Unre5tTiCted General Designated A$ r¢stgted Re5trirted Trunds As restated Paro¢hial Fund5 AS rest*ted 2022 Total Income: Voluntary income Charitable activities Income from other tradino a¢uvities lrtv¢stTnenlS Other incom¢ 392J46 507,507 11,2L? 4215,195 5.115.048 164,686 252.085 25.716 113,998 i86.5i4 28 366.083 621,494 111,6821 185.03 I (11.710) 24.?13 Totsl ineome 565,667 796.530 4.869.219 6,255,629 Expenditure: Ratsing FuTrds Charitable A¢tiviiies= Provision of worship Clergy aud parish SUPPK*rt Pa5tordl care and ¢ommuniry sUpp￿t S¢hools programme 77.011 15,7 39,815 132.616 378.792 4J6,8?1 71.742 184.679 1.914588 2.669.153 2,585,732 3,641.462 i50.809 323,340 i39.525 7.305 47.830 378.975 772.440 432.915 Total expenditure 1.555.989 689.336 594.514 4.671386 7,5 11,225 Net{expenditure)lineome bef(tyre investment gains1(Ios5e5) {990,322) (665.1231 202,016 197.833 {1.255.596) Ndgainollosses) on investments 1206.116) {10?.086) (143.744) 2,445.690 5,993,744 Net lexpenditurellineome for the year (1.196.438) 1767,209} 58.272 2,643,523 738.148 Transfers bctwten fund5 2(A.932 818.25) {275.(MM)) 1808,1851 Net moYeThent in funds 738,148 (931.506} 51,(I44 1216,728} 1,835.338 Funds brought forward &8 previously sraied Prior year adjustm¢nt Funds broughi fo￿ard as rcstated 3.i77.279 ?04.043 3.499.494 4.988.019 12,591.997) 22,873,871 2,387,954 34,738.663 3.581 J22 3,499.494 2,396.022 25.261.825 i5.476,8l I Funds eArried forward £2.649.816 £i.550.538 £2.179.294 £27,097,163 £35,476.811 47