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ANNUAL<br />
ACCOUNTS<br />
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)<br />
16. ANALYSIS OF NET ASSETS<br />
Net Net Parish and Total<br />
Current Restricted Fund as at<br />
Fixed Assets loans to the 31 December<br />
Assets Investments less loans Diocese 2021<br />
£ £ £ £ £<br />
Unrestricted Archdiocesan funds 9,993,703 29,637,775 10,209 (30,557,026) 9,084,661<br />
Designated Archdiocesan Funds - - 935,643 - 935,643<br />
Restricted Archdiocesan funds 205,791 8,737,280 2,012,331 164,964 11,120,366<br />
Parish funds 29,174,560 25,608,613 (246,890) 30,392,062 84,928,345<br />
----------------------- ------------------------ ----------------------- ---------------------- -----------------------<br />
Total Net Assets £39,374,054 £63,983,668 £2,998,996 £- £106,356,718<br />
=========== =========== =========== =========== ===========<br />
Net Net Parish and Total<br />
Current Restricted Fund as at<br />
Fixed Assets loans to the 31 December<br />
Assets Investments less loans Diocese 2020<br />
£ £ £ £ £<br />
Unrestricted Archdiocesan funds 10,753,474 28,813,962 (3,650,942) (28,229,976) 7,686,518<br />
Restricted Archdiocesan funds 497,195 7,610,855 2,300,079 936,704 11,344,833<br />
Parish funds 27,657,073 24,115,414 2,620,493 27,293,272 81,686,252<br />
----------------------- ------------------------ ----------------------- ---------------------- -----------------------<br />
Total Net Assets £38,907,742 £60,540,231 £1,269,630 £- £100,717,603<br />
=========== =========== =========== =========== ===========<br />
Total net current assets (including cash reserves) amounted to £3.0m (2020 £3.3m). This is represented by Parish net current<br />
liabilities worth £0.02m (2020 assets £5.4m) and central Archdiocesan funds having net current assets of £2.9m (2020 £0.4)<br />
of which the unrestricted funds(including designated) were £0.9m (2020 £4.7m - deficit).<br />
17. TRANSACTIONS WITH TRUSTEES<br />
Some of the Trustees of the Archdiocese (“Clerical Trustees”) are also priests in the Archdiocese conducting pastoral ministries.<br />
As priests they receive income in respect of their priestly work together with living accommodation, living expenses<br />
and reimbursement of costs on a similar basis as other priests of the Archdiocese. They do not receive any remuneration or<br />
benefits from their trusteeship.<br />
The remaining Trustees (“Lay Trustees”) did not receive any remuneration or other benefits in the year ended 31 December<br />
2021 nor for the year ended 31 December 2020. No Lay Trustee was paid any expenses in 2021 or 2020.<br />
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