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ANNUAL<br />
ACCOUNTS<br />
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)<br />
7. TRANSFERS FROM/ (TO) PARISH FUNDS<br />
2021 2020<br />
Clergy Support 424,062 410,315<br />
Diocesan Development Fund 1,830,302 2,307,580<br />
Episcopal Support 161,658 159,988<br />
Net loan interest to parishes (342,160) (290,931)<br />
Total<br />
Total<br />
---------------------- ----------------------<br />
2,073,862 £2,586,952<br />
=========== ===========<br />
The transfers from parish funds represent charges made to the parishes for defraying central diocesan costs and supporting<br />
sick and retired clergy. The net loan interest represents interest paid by the Diocese to the parish on deposited funds.<br />
8. TANGIBLE FIXED ASSETS<br />
Cost/valuation<br />
Archdiocesan<br />
Parish Property<br />
Property And Equipment Total<br />
£ £ £<br />
At 1 January 2021 14,369,582 41,072,183 55,441,765<br />
Additions 321,468 1,846,001 2,167,469<br />
Disposals (1,391,676) (34,160) (1,425,836)<br />
Transfer to investment property - - -<br />
------------------------ -------------------------- --------------------------<br />
At 31 December 2021 13,299,374 42,884,024 56,183,398<br />
Depreciation<br />
------------------------ -------------------------- -------------------------<br />
At 1 January 2021 3,118,768 13,415,255 16,534,023<br />
Charge in year 249,344 309,919 559,263<br />
Disposals (268,232) (15,710) (283,942)<br />
Transfer to investment property - - -<br />
----------------------- ------------------------ -------------------------<br />
At 31 December 2021 3,099,880 13,709,464 16,809,344<br />
Net Book Value<br />
------------------------ ------------------------ ------------------------<br />
As at 31 December 2021 £10,199,494 £29,174,560 £39,374,054<br />
Net Book Value<br />
============ ============ ============<br />
As at 31 December 2020 £11,250,814 £27,656,928 £38,907,742<br />
============ ============ ============<br />
The Archdiocese also owns a number of properties, which are occupied and run by independent charities in the form of<br />
Voluntary Aided Schools. The Trustees consider that these properties have no capital value to the Archdiocesan Charity<br />
– see Accounting Policy 1.6. The total insurance value of these schools is £218m. Apart from a small proportion used for<br />
management and administration, all fixed assets are used in direct furtherance of the Charity’s objects.<br />
The Archdiocesan property includes long leaseholds at a cost of £2,465,561 and at a net book value of £1,942,972.<br />
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