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2023-03-31-accounts

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

A CHARITABLE INCORPORATED ORGANISATION

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Charity Number 801243

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Members of the board and professional advisers Page 1
Trustees' annual report Pages 2 to 4
Independent examiners' report Page 5
Statement of financial activities Page 6
Balance sheet Page 7
Notes to the financial statements Pages 8 to 14

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 1

MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS

The Board of Trustees Colonel M A Cadman
Father D A Conroy
Father I J Stevenson
Commander I M Crabtree
Rt Rev Bishop P Mason
Rev D Skillen
Wing Commander C P Thorpe
Principal Address St. Omer Barracks
Thornhill Road
Aldershot
Hampshire
GU11 2BG
Independent Examiner Mark Dickinson FCA
Shaw Gibbs (Audit) Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
Bankers Royal Bank of Scotland
Holts Farnborough Branch
200 Fowler Avenue
Farnborough Business Park
Farnborough
Hampshire
GU14 7JP
Investment Managers BlackRock Investment Management (UK) Limited
PO Box 9036
Chelmsford
Essex
CM99 2XD

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 2

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023

The trustees have the pleasure in presenting their report and the financial statements of the charity for the year ended 31 March 2023.

Legal Status

The charity is constituted as a charitable incorporated organisation (CIO), registered with the Charity Commission under number 801243. The charity converted from a trust to a CIO on 13 December 2018.

Objects of the charity

The charity's object and principal activity continues to be to advance and promote the Roman Catholic Religion and in particular to promote and provide such charitable works as to advance the Roman Catholic religion among or in connection with members of His Majesty's Forces and their families including the maintenance and support of the person for the time being holding the Office or Appointment of Roman Catholic Bishop of the Forces and to provide for and maintain a house for such person and offices for his use and any staff responsible to him. The Bishop's residence is owned by the Vicariate Headquarters Trust, a registered charity, to which rent is paid by this charity.

Trustees Appointments and New Trustee Proceedings

The ex-officio trustees are appointed by virtue of their respective offices. Nominated trustees are appointed by a resolution of the trustees passed at a properly convened meeting of the charity trustees.

The Chair of trustees contacts new ex-officio trustees and potential new nominated trustees prior to attendance at their first trustees meeting, to tell them about the background and activities of the charity. New trustees are provided with a copy of the constitution and the latest financial statements of the charity.

Connected Charities

The following Charities are connected to the Roman Catholic Bishopric of the Forces (GB).

Vicariate Headquarters Trust Royal Air Force Roman Catholic 26 The Crescent Church Purposes Fund Farnborough The Chaplaincy Centre Hampshire GU14 7AS RAF Odiham Hook Hampshire RG29 1QT Royal Navy (Roman Catholic) Trust The Army Roman Catholic Trust Royal Navy Catholic Chaplaincy St Michael and St George Parish Office The Chaplaincy Queens Avenue HMS Collingwood Aldershot Newgate Lane Hampshire GU11 2BY Fareham Hampshire PO14 1AS

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 3

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2023

Reserves

The number of Service Personnel continues to diminish with a consequent reduction in income from offerings, necessitating a continuous and prudent management of resources. A close relationship is maintained with the charity's Investment Advisors who pursue a policy of choice of appropriate funds to maximise the return on investments over time.

Review of activities

The CIO continues to support the work of the Bishopric of the Forces in delivering pastoral care and sacramental provision to the Military community.

With the pandemic receding a sense of normality has returned. Bishop Paul attended The International Military Pilgrimage, the AMI Conference, which was hosted by the Bishopric, in St Mary’s University Twickenham and the CPD held at the English College Valladolid Spain. A very successful Pilgrimage to Santiago de Compostela took place embracing TRI Service personnel. The annual events i.e. Remembrance Sunday at the Cenotaph, The Campion Dinner at the RMA Sandhurst, the RAF Mass at St Clement Danes and the Chrism Mass in the Aldershot Cathedral were resumed.

Bishop Paul visited Cyprus, the Falkland Islands, and attended the 20 Anniversary of the Ordinary SVK Armed Forces and Armed Corps in Slovakia. He continues to visit chaplains at their place of work.

Bishop Paul continues with his directives from the Bishops’ Conference for Apostleship of the Sea, National Catholic Safeguarding Commission and Healthcare within the Social Justice department and attended the two Bishops’ Conferences of England and Wales together with the Scots College meetings.

Financial Review

The results of the charity for the year are as detailed in the statement of Financial Activities on page 6.

The charity's investments are managed by BlackRock Investment Management (UK) Limited and have been invested in the Armed Forces Charities Growth and Income Fund. Investment income has increased over the previous period and the market value of investments has decreased.

General

The financial statements have been prepared in accordance with the Statement of Recommended ` Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Funds

The funds held are unrestricted and are held to further the objects of the charity. These funds are available and are adequate to fulfil the obligations of the charity.

Designated funds include legacies previously received from the estates of Colonel Angela Curran and Bishop Frank Walmsley. A further designated fund relates to donations received from the Roman Catholic community at DA Shrivenham.

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 4

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023

Going Concern Statement

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Public Benefit

The Bishopric CIO charity aims to provide the very best operation, spiritual and pastoral support, primarily for Catholic Service men and women and their families and Chaplains, wherever, whenever and in whatever form it is needed. Additionally to respond to the needs of anyone, any creed or none, who turns to a Catholic Chaplain for support.

The Trustees

The trustees who served the charity during the period are as listed on page 1.

Trustees' Responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:

The trustees are responsible for keeping sufficient accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the charity's constitution. The trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the trustees

Rt Rev Bishop Paul Mason Trustee

Approved by the trustees on: 27 July 2023

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 5

REPORT OF THE INDEPENDENT EXAMINER'S REPORT

I report to the charity trustees on my examination of the financial statements for the year ended 31 March 2023.

The accounts have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities : Statement of Recommended Practice on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

Respective responsibilities of trustees and independent examiner

The charity’s trustees are responsible for the preparation of the accounts.

The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The Procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirement:

  2. ꞏ to keep proper accounting records in accordance with section 130 of the 2011 Act; and

  3. ꞏ to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mark Dickinson FCA Shaw Gibbs (Audit) Limited Dated : 27 July 2023

Wey Court West Union Road Farnham Surrey GU9 7PT

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 6

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Notes
INCOME AND ENDOWMENTS
Donations received
2
Investment income and bank interest
3
Other
TOTAL INCOME
EXPENDITURE
Charitable Activities
Salaries
4
Office
4
Residence
4
Donations and grants payable
5
TOTAL EXPENDITURE
NET INCOME/EXPENDITURE AND NET
MOVEMENT IN FUNDS BEFORE GAINS
AND LOSSES ON INVESTMENTS
Unrealised Gain/(Loss) on Investments
8
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
FUNDS AT 1 APRIL 2022
FUNDS AT 31 MARCH 2023		 2023
2022
Total
Total
Funds
Funds
£
£
158,700
160,968
25,670
23,926
-
-
184,370
184,894
113,486
116,430
47,841
32,372
19,822
20,004
8,406
8,413
189,555
177,218
189,555
177,218
(5,185)
7,676
(77,856)
40,418
(83,042)
48,094
801,753
753,659
718,712
801,753

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing activities.

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 7

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2023

Notes
FIXED ASSETS
Tangible assets
7
Investments
8
CURRENT ASSETS
Cash at bank
9
CREDITORS: Amounts falling due within
one year
10
NET CURRENT ASSETS
NET ASSETS
REPRESENTED BY:
FUNDS
Unrestricted:
Designated
General
TOTAL FUNDS
11 / 12		 £
£
596
652,182
652,777
72,663
72,663
(6,728)
(6,728)
65,935
718,712
37,566
681,146
718,712
2023		 £
£
596
652,182
652,777
72,663
72,663
(6,728)
(6,728)
65,935
718,712
37,566
681,146
718,712
2023		 £
£
703
730,038
730,741
79,027
79,027
(8,015)
(8,015)
71,012
801,753
45,806
755,947
801,753
2022		 £
£
703
730,038
730,741
79,027
79,027
(8,015)
(8,015)
71,012
801,753
45,806
755,947
801,753
2022
652,777
65,935		 730,741
71,012
72,663
(6,728)		 79,027
(8,015)
(6,728) (8,015)
718,712 801,753
37,566
681,146		 45,806
755,947
718,712 801,753

These financial statements were approved by the trustees on 27 July 2023 and are signed on their behalf by :

Rt Rev Bishop Paul Mason Trustee

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 8

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting Policies

Basis of accounting

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The accounts have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The charity constitutes a public benefit entity as defined by FRS 102.

Incoming Resources

Donations, collections and bank interest are accounted for on a receivable basis.

Investments

Investments are managed under discretionary agreements by Blackrock Investment Management (UK) Limited.

Investments are accounted for by reference to the bargain date shown by the contract note issued in respect of their purchase or disposal.

Investments are a form of basic financial instrument and are initially recorded at their transaction value and subsequently measured at their fair value as at the balance sheet date using the bid price. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.

The charity does not acquire put options, derivatives or other complex financial instruments.

Fixed Assets

Depreciation is provided on fixed assets at the following annual rates in order to write off each asset over its estimated useful life:

Office equipment and household effects - 10% on reducing balance Computer equipment - 25% on reducing balance

Funds

Unrestricted revenue reserves represent those resources which may be used towards meeting the objects of the charity. Unrestricted capital reserves represent investment gains and losses.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 9

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting Policies

Investment income

Income arising from investments is included by reference to the normal date of payment of dividends or interest on that investment. Provision is not made in the accounts for dividends to be received in the next accounting period on investments declared ex-dividend prior to 31st March 2023.

Taxation

As a qualifying charity, the charity is not liable to UK taxation.

Resources Expended

Charitable activities costs include grants made and governance costs as shown in notes 4 and 5.

Creditors

Short term creditors are measured at the transaction date.

2. Income : Charitable activities

3.

Donations-Unrestricted Funds
Royal Navy
Army
Royal Air Force
Investment Income
UK investment dividends
Bank interest receivable		 2023
2022
£
£
15,870
16,097
71,415
72,436
71,415
72,436
158,700
160,968
2023
2022
£
£
24,790
23,889
880
38
25,670
23,926

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 10

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

4. Expenditure : Salaries

Bishop's remuneration & pension
Staff remuneration & pension
Vicar General accommodation		 2023
2022
£
£
39,426
38,500
53,656
57,720
20,404
20,210
113,486
116,430

4. Expenditure : Office

Unrestricted:
Bishop's Year Book (net of donations)
Website + media
Tweeting with God Resources
Bishopric Shields
Meetings
Trustees Dinner
Printing & Stationery
Postage
Repairs & Renewals
Travel
Falklands Anniversary Event
IMP Costs
Bishop's Expenses
Removal and Storage - Bishopric Archive
Chrism Mass Lunch
Sundries including subscriptions
Insurances
Accountancy and Independent Examination Fees
Bookkeeping and Payroll
Depreciation Computer Equipment
DBS/Safeguard
Official Entertaining
Bank Charges
Designated:
Tweeting with God Resources (Colonel Angela Curran Legacy)
Total		 1,147
1,157
2,994
2,985
1,368
-
1,447
-
10,162
3,857
-
1,933
359
258
190
87
75
63
8,208
5,723
-
6,296
3,502
-
-
1,110
1,630
-
646
-
964
1,250
984
740
3,840
3,000
3,768
3,640
64
84
-
13
-
108
70
70
41,417
32,372
6,424
-
6,424
-
47,841
32,372

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 11

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

4. Expenditure : Residence

5. Rent
Council Tax & Water
Insurance
Heat, Light & Power
Repairs & Renewals
Removal and Storage - During Refurbishment
Telephone
Sundries
Depreciation Fixtures & Fittings
Expenditure : Donations and grants payable
Unrestricted:
CBCEW
CNET (S) & other
Designated:
Blackfriars - St Albans Plate Donation
(Shrivenham Fund)
Total		 5,000
12,000
2,694
2,633
1,427
1,168
3,115
3,028
-
430
7,198
-
185
536
159
159
44
49
19,822
20,004
2023
2022
£
£
5,000
5,000
1,590
1,500
6,590
6,500
1,816
1,913
1,816
1,913
8,406
8,413

6. Staff Costs & Trustees' Remuneration and Emoluments

Apart from the Bishop who receives remuneration and expenses in his role as an employee of the Bishopric, Trustees do not receive remuneration or expenses.

No employee earned £60,000 per annum or more (2022 - none).

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 12

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Tangible Fixed Assets

8.

9.

Tangible Fixed Assets
Cost or Valuation
at 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
at 1 April 2022
Disposals
Charge for the year
At 31 March 2023
Net Book Value
At 31 March 2023
at 1 April 2022
Investments
Listed investments
Armed Forces Charities Growth and Income Fund
Movement in Market Value
Market value at 1 April 2022
Acquisitions at cost
Disposals at open book value
Net gains (losses) on revaluations in the year
Market value at 31 March 2023
Analysis of current assets
Cash at bank & in hand		 Computer
8,068
-		 Office &
House
Total
10,655
18,723
-
-
8,068 10,655
18,723
7,804
64		 10,216
18,020
44
107
7,868 10,260
18,127
200 395
596
264 439
703
2023
2022
£
£
652,182
730,038
2023
2022
£
£
730,038
689,620
-
-
-
-
(77,856)
40,418
652,182
730,038
2023
2022
£
£
72,663
79,027
72,663
79,027

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 13

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

10. Analysis of creditors
alysis of creditors
Bishopric Charities
Accruals
Pension Liability
P.A.Y.E. and N.I.
Other creditors		 2023
2022
£
£
974
724
3,520
3,520
139
64
1,993
1,991
103
1,716
6,728
8,015

11. Analysis of net assets between funds

Fund balances at 31 March are represented by:
Fixed assets
Investments
Net Current Assets
Split of unrestricted funds
Designated
General		 Total Funds
Total Funds
2023
2022
596
703
652,182
730,038
65,935
71,012
718,712
801,753
37,566
45,806
681,146
755,947
718,712
801,753

12. Movements in Funds - Current Year

Unrestricted Funds
Revenue Reserves
Capital Reserves
Designated Funds
Colonel Angela Curran Legacy
Bishop Frank Walmsley Legacy
Shrivenham Fund		 Income /
Expenditure /
Opening
Investment
Investment
Closing
Balance
Gains
Losses
Balance
192,634
184,370
181,315
195,689
563,313
(77,856)
-
485,457
6,424
-
6,424
-
34,379
-
-
34,379
5,003
-
1,816
3,187
801,753
106,514
189,555
718,712

ROMAN CATHOLIC BISHOPRIC OF THE FORCES (GB)

Page 14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

12. Continued

Movements in Funds - Previous Year

Continued
Movements in Funds - Previous Year
Unrestricted Funds
Revenue Reserves
Capital Reserves
Designated Funds
Colonel Angela Curran Legacy
Bishop Frank Walmsley Legacy
Shrivenham Fund		 Income /
Expenditure /
Opening
Investment
Investment
Closing
Balance
Gains
Losses
Balance
183,045
184,894
175,305
192,634
522,895
40,418
-
563,313
6,424
-
-
6,424
34,379
-
-
34,379
6,916
-
1,913
5,003
753,659
225,312
177,218
801,753

The designated funds for Colonel Angela Curran represents a legacy which has been fully expended this year, the Bishop Frank Walmsley represents a legacy received but not yet fully expended. The Shrivenham Fund represents church collections received from Shrivenham not yet fully expended. Trustees have designated these funds to show separately how they are being used by the charity.