ANNUAL REPORT 2020 FINAL 211031

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 (CONTINUED)
14. ANALYSIS OF NET ASSETS
Net Net Parish and Total
Current Restricted Fund as at
Fixed Assets loans to the 31 December
Assets Investments less loans Diocese 2020
£ £ £ £ £
Unrestricted Archdiocesan funds 10,753,474 28,813,962 (4,742,964) (28,229,976) 6,594,496
Restricted Archdiocesan funds 497,195 7,610,855 4,351,555 936,704 13,396,309
Parish funds 27,657,073 24,115,414 1,891,283 27,293,272 80,957,042
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Total Net Assets £38,907,742 £60,540,231 £1,499,874 £- £100,947,847
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Net Net Parish and Total
Current Restricted Fund as at
Fixed Assets loans to the 31 December
Assets Investments less loans Diocese 2019
£ £ £ £ £
Unrestricted Archdiocesan funds 11,211,390 27,337,123 (7,451,985) (25,238,397) 5,858,131
Restricted Archdiocesan funds 497,195 7,217,968 5,198,632 936,704 13,850,499
Parish funds 27,310,182 12,411,938 5,354,285 24,301,693 69,378,098
Charitable trading - - 40,057 - 40,057
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Total Net Assets £39,018,767 £46,967,029 £3,140,989 £- £89,126,785
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Total net current assets (including cash reserves) amounted to £1.5m (2019 £3.1m). This is represented by Parish net current
assets worth £1.9m (2019 £5.4m) and central Archdiocesan funds having net current liabilities of £0.4m (2019 £2.3m) of
which the unrestricted funds were £4.7m in deficit (2019 £7.5m).
15. TRANSACTIONS WITH TRUSTEES
Some of the Trustees of the Archdiocese (“Clerical Trustees”) are also priests in the Archdiocese conducting pastoral
ministries. As priests they receive income in respect of their priestly work together with living accommodation, living
expenses and reimbursement of costs on a similar basis as other priests of the Archdiocese. They do not receive any
remuneration or benefits from their trusteeship.
The remaining Trustees (“Lay Trustees”) did not receive any remuneration or other benefits in the year ended 31 December
2020 nor for the year ended 31 December 2019. No Lay Trustee was paid any expenses in 2020 or 2019.
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