2013 Annual Report and Accounts

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2013 Annual Report and Accounts

Westminster Roman Catholic Diocesan Trust

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Charity Registration Number 233699

The Diocese of Westminster is one of the smallest dioceses in England and Wales in geographical area, but the largest in terms of Catholic population and priests. The diocesan boundaries include the London Boroughs north of the River Thames, between the River Lea to the east, the Borough of Hillingdon to the west, the County of Hertfordshire to the north and the Borough of Spelthorne in Surrey.

Since the restoration of the Catholic Hierarchy in 1850, its bishop has often been a Cardinal. His Eminence Cardinal Vincent Nichols is the eleventh Archbishop of Westminster, having been installed as Archbishop on 20 May 2009. In an increasingly cosmopolitan city, the Diocese includes a wide range of ethnic and cultural diversity amongst its Catholic population.

The Diocese of Westminster is also a Metropolitan See, having as members of its Province the Dioceses of Brentwood, Northampton, Nottingham and East Anglia. The governance of the Diocese is under the care of the Archbishop’s Council, the members of which are the Archbishop, the Auxiliary Bishops, the Vicars General, the Archbishop’s Private Secretary and the Financial Secretary.

About the Diocese of Westminster

Archbishop’s HouseAmbrosden AvenueLondonSW1P 1QJ

Tel: 020 7798 9033Email: [email protected]

Front and back cover photos: ©Mazur/catholicchurch.org.uk

Diocese of Westminster

2013 Annual Report & Accounts Diocese of Westminster

Diocese of Westminster Annual Report & Accounts 2013

Page 1

Contents

Annual ReportReference and administrative information 2

Introduction by Cardinal Vincent Nichols, Archbishop of Westminster 3

Disability and the Deaf Community 4

Social Isolation of the Most Vulnerable 8

Debt Challenge 12

Food Poverty 16

Parish Pro�le 20

Financials 22

ReportsReport of the Directors of the Corporate Trustee 28

Independent auditor’s report 35

AccountsConsolidated statement of �nancial activities 36

Consolidated statement of total recognised gains and losses 37

Consolidated balance sheet 38

Charity balance sheet 39

Consolidated cash �ow statement 40

Principal accounting policies 41

Notes to the accounts 44


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TrusteeThe trustees are incorporated as “Westminster Roman Catholic Diocese Trustee” (WRCDT), a company limited by guarantee. This company does not conduct any trade or business for its own account and has no assets or liabilities. Its sole purpose is to act as trustee of a number of trusts and funds of which the Westminster Roman Catholic Diocesan Trust is the principal one.

The Directors of Westminster Roman Catholic Diocese Trustee (herein referred to as Trustees) are:

His Eminence Cardinal V Nichols

Rt Rev J Arnold

Rt Rev J Sherrington

Rt Rev Mgr T Egan

Rt Rev Mgr M Hayes

Rt Rev Mgr J O’Boyle

Lord D Brennan QC

Miss L Ferrar

Rt Hon R Kelly

Mr C Kemball

Mr D Moseley

Financial secretaryP Camoletto

Chief accountant

D Smy FCA

Principal addressArchbishop’s House Ambrosden Avenue Westminster London SW1P 1QJ

Charity registration number233699

Auditor

Buzzacott LLP 130 Wood Street London EC2V 6DL

Principal investment managers

Sarasin & Partners LLP Juxon House 100 St Paul’s Churchyard London EC4M 8BU

Principal bankers

HSBC Bank plc 69 Pall Mall London SW1Y 5EY

Charity solicitors

Winkworth Sherwood LLP Minerva House 5 Montague Close London SE1 9BB

Insurers

The Catholic National Mutual Limited Westbourne The Grange St Peter Post Guernsey GY1 4LP

Reference and administrative information


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Each one of us is a missionary disciple called to proclaim the joy of the Gospel. This means, saying ‘Yes’ to everything that promotes human dignity; but ‘No’ to any kind of poverty that excludes our brothers and sisters from society. In Evangelii Gaudium Pope Francis makes it clear that the basis of our concern for society’s most neglected members is our faith in Christ, who was always close to the poor and outcast. Our faith in Christ impels us to love the poor as the very � esh of Christ. This is why, as Pope Benedict XVI said, “the service of charity is a constituent element of the Church’s mission, an indispensable expression of her very being” (Intima Ecclesiae Natura). This is why we founded Caritas Westminster.

A primary task of Caritas Westminster is to identify poverty and exclusion within our Diocese. There may not be the same poverty and exclusion experienced by so many in other parts of our world. Nevertheless, from my own pastoral visits and meetings with pastoral workers arranged by Caritas Westminster, I know that there are numerous families struggling to live on an income insu� cient to cover basic outgoings and who � nd themselves in serious debt; people without adequate housing or none at all; children who go to school in the morning without breakfast; disabled people deprived of opportunities to participate fully in society; old people isolated and alone.

The good news is that Caritas Westminster is already making a genuine di� erence to these people’s lives. In this Review you will discover how, under the umbrella of Caritas Westminster, people in our parishes and Church organisations are reaching out to those otherwise relegated to the edges of society. From parish food banks and school breakfast programmes to professional support services, their work is sometimes the only thing standing between families and destitution. Without Caritas Westminster, and its partners in other Christian communities, religious groups and charities, the dehumanising e� ect of poverty would cut far deeper and be far more widespread.

Thank you very much indeed to all who support the mission of Caritas Westminster with their expertise, unwavering dedication, � nancial contributions, and above all by their prayers. A sincere word of gratitude, too, to those who compiled this Report and the annual accounts they contain.

So many are giving so generously in so many di� erent ways; but please let us never forget that we also receive richly from those whom Caritas Westminster serves. Through them Jesus knocks at the door of our hearts, wishing to be let in, calling on us to step outside of ourselves and be liberated from our sel� shness and self-satisfaction. Through them our hearts are � lled with the joy of the Gospel.

Cardinal’s Introduction

His Eminence, Cardinal Vincent Nichols, Archbishop of Westminster


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2013 Annual Report & Accounts Diocese of Westminsterof Westminsterof

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Disability and the Deaf Community


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ContextPeople with disabilities have rights and duties like every other individual yet they often face massive challenges with living situations, work and healthcare. The Church’s teaching insists upon a positive appreciation of those with disabilities and a consequent duty to provide for their needs. The Employment and Support Allowance (ESA), provided by the state, is an income replacement bene�t provided to people of working age who are too ill to work because of a health condition or disability, of whom there were 2.49 million people in 2013. As the economy picks up disabled people can be left behind, yet need support. Charity must be expressed in such a way that the person with disabilities becomes an active agent in a relationship of love and not just the object of charitable actions.

Caritas ResponseThe diocesan St Joseph’s Pastoral Centre was founded in 1978 in Hendon, North West London. It celebrates the gifts of people with learning disabilities and enables them to participate fully in the life of their church and community.

Its work is carried out in two main areas. Outreach Co-ordinators and Volunteers o�er spiritual and social support to families in our parishes who embrace members with learning disabilities; and at the Activities Centre in Hendon over 190 students, from all faiths or none, participate in life-enhancing therapeutic, vocational or leisure courses. There are also more re�ective courses on o�er, such as sacramental preparation, support and advice, training and a telephone befriending service.

St Joseph’s is a place to make friends, learn new things, take part in activities, start on the pathway to employment, use a computer, go to a book club, have a massage, take part in a sport, sing or bang the drums, paint, produce a play, explore words and numbers or get a quali�cation; as a centre of lifelong learning, it o�ers something for most people, regardless of their ability. It is truly a place where people with learning disabilities have their talents recognized and where they lie at the heart of everything that happens.

There are also regular social activities: discos, race nights, karaoke evenings, Bollywood nights, barbecues, a Rainbow Club during the holidays, inclusive football teams; in fact there are any amount of fun things to enjoy. Everyone who works, volunteers or is a bene�ciary of

Disability and the Deaf Community We are God’s work of art, created in Christ Jesus to live the good life as from the beginning he had meant us to live it.

Ephesians 2.10

St Joseph’s feels the same; all have a sense of belonging whatever their connection to this community.

The growing reputation of St Joseph’s was strengthened in 2013 as it came under the umbrella of Caritas Westminster. There was an increase in numbers attending the Activities Centre and its pro�le among parish communities grew as services continued to improve and develop. This can be seen in the establishment of more Saturday Clubs in parishes, more training for clergy and catechists, more volunteer interest and greater awareness of the needs of people with learning disabilities and their families. This has been achieved through the commitment and dedication of sta�, volunteers and the people who use our services.

The Deaf Service is based at St Joseph’s Pastoral Centre. Throughout the diocese it works with support groups for the hard of hearing, Deaf, and Deafblind, allowing them to share their gifts and participate fully in the life of the Church.

Meetings ran throughout 2013 for the Bible Study Group, Retired People’s Lunch Group, Liturgy Group and Prayer Group, o�ering support and access for members of the Deaf Community. People have the opportunity to share and explore ideas and encourage and inspire one another.

There are groups that run catechesis and adult formation in the faith, such as in Welwyn Garden City and Kings Cross, where families are being supported as their children prepare for their First Holy Communion. There is a counselling service which, as well as one to one counselling, o�ers life skills courses on issues like anger management. There are also courses run on liturgical signing.

During 2013 the service went on annual pilgrimages to Walsingham and Lourdes, organised a canal boat trip and interpreted at the World Youth Day @ Home event at Aylesford, for Deaf people attending. The response was so positive and the young people were so interested that workshops were set up with over 75 young people learning to sign the “Our Father”.


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The FutureThe strengths and successes of these services have led us to consider expansion. In 2014 we hope to pilot a Connect @ St Joseph’s in a parish centre - thereby establishing a hub for local people to � nd activities, lifelong learning and advocacy services. Such services are scarce and demand is high across the diocese. Based in a parish, the hub will be a visible symbol of Catholic social action, providing services and attracting volunteers not only from the parish itself, but also from the wider local community. More speci� cally, by providing specialized training for dedicated catechists and tailored materials for those with intellectual disabilities and their families, the hubs will also provide an opportunity to enhance and encourage those young individuals and their families to participate more fully in the sacramental life of the parish whilst aiding their integration into the fullness of its social life too.


Page 6 Cardinal Vincent visits St Joseph’s Pastoral Centre


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The presence of the planned Caritas Development Workers in these key hubs spread across the diocese will also provide a platform for the expansion of the Westminster Deaf Service itself. Supported by the Core Team, they will be able to respond to requests for deaf awareness and sign language training and o� er more comprehensive sacramental and social inclusion in the life of parishes across the diocese.

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Eye Witness: Working with Peter

St Joseph’s Pastoral Centre asked me to work as a catechist with a 10 year-old boy with autism, Peter*, to prepare him for his First Holy Communion. The training sessions for catechists of children and adults with special needs gave me greater con� dence to work with Peter and with his whole family. I made weekly visits to Peter in his home, hoping to gain his trust. St Joseph’s also sent an area outreach worker who was supportive and encouraging, showing me how to use the storyboard pack with Peter and his sister Mary.

Meanwhile the parish priest prepared the congregation for Peter’s unconventional behaviour before he came to the parish centre for weekly sessions with the storyboard. We set up a separate sacred space for him into which he could retreat after going into Mass for a few minutes. Each week Peter stayed longer. With time, and with great joy from his family and the wider parish family, Peter made his First Holy Communion.

Joe - garden enterprise participant I � rst came to St Joseph’s in 2013, and joined the Horticulture course to learn about gardening. I did not have a job before I came here, and was spending a lot of my time drinking. My life has changed a lot. I now come to St Joseph’s on Mondays and Wednesdays, and I have been promoted to their Enterprise Garden Scheme, which means I am on a pathway to employment. I have also got work at the Harrington Centre on Tuesdays and Thursdays. By Friday I am pretty tired and glad to have a day o� . I have learned that I cannot have a drink and have a job. St Joseph’s has made a huge di� erence to my life. I am now busy and have things to do with my day. I love the food, the building, and I have lots of friends. I enjoy planting and watering and digging on the allotment which keeps me � t and the fresh air is good for me.

* Names changed for reasons of anonymity


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Social Isolation


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ContextIn a world of ever more fragmented lives, families and communities, loneliness and isolation are taking their toll, whether it be in self-neglect, abandonment, exclusion or cold disregard.

Social isolation among our rapidly ageing population is one of the greatest challenges facing society. Many have social care needs, due to mobility issues and hearing and visual impairments, and cannot leave their homes. Around 370,000 over 75s have no contact whatsoever with other people on a typical day. But it is not only the elderly. Solo living, coupled with a culture that exalts individualism, leads to isolation. Britain has seen a big rise in people living alone, from 17% of all households in 1971 to 31% now. Bedroom tax and housing bene�t cuts are wrenching families out of their communities and driving them into other neighbourhoods, even other cities. Troubled youth, ex-o�enders, struggling lone parents and those seeking refuge and/or a new life of opportunity and hope often feel the cool face of indi�erence in response to their requests for help. Here is a problem of epic proportions, and the loneliness crisis is being recognised on the political agenda.

Caritas ResponseIt is often the cumulative e�ect of small actions that will help alleviate loneliness: dropping in a Sunday paper, asking to borrow something, saying good morning over the garden fence. It is these minimal interactions that make us feel human and make the di�erence between a good or a bad day. Diocesan agencies and many committed parish outreach initiatives have long been active in these areas.

In this past year Caritas Westminster has focused on the plight of the isolated and lonely over-75s in our communities. Those who once were objects of respect, love and admiration in our families and parishes �nd that with families far removed and old friends gone they now experience disability, frailty or lack of con�dence. The consequence is that many languish, day after day, within the con�nes of their four walls.

Contact the Elderly, a partner organisation of Caritas Westminster, has helped create monthly tea parties for such individuals in fellow parishioners’ homes. The tea parties operate once a month, normally on a Sunday afternoon, the time that older people living alone

Social Isolation of the Most Vulnerable You must love the Lord your God with all your heart, with all your soul and with all your mind. This is the greatest and the �rst commandment. The second resembles it: You shall love your neighbour as yourself.

Matthew 22:37-39

are particularly likely to feel lonely and when most community services are not available.

Two such Contact the Elderly tea parties set up in 2013 with the support of Caritas Westminster are now thriving. St Monica’s in Palmers Green consists of volunteers and previously active, older parishioners, reuniting a once separated community. St George’s parish group in En�eld has �elded a volunteer cohort of mixed ages reaching out to lonely and isolated individuals from beyond the Catholic community.

Each guest is collected from home by a volunteer driver and taken to a host’s home, where they are warmly welcomed to join a small group for tea, talk and companionship. The group has a di�erent host each month, but the drivers and guests remain the same.

These enthusiastic volunteer drivers, willing bakers, tea party hosts and group co-ordinators build up unique and caring relationships by embracing once isolated older guests. Real friendships are formed and some volunteers often help guests with weekly shopping and transport to and from hospital appointments, as well as by checking up on their general welfare. This means that over months and years acquaintances turn into friends and loneliness is replaced by companionship. This model helps to address the emotional needs of older people who wish to remain in their own homes, but whose diminished mobility makes it di�cult for them to maintain regular social contact. They are brought back into the heart of their community: respected and valued as our faith not only upholds, but demands.

This is a highly successful model that has captured the imagination of the Catholic community in the diocese and one which Caritas Westminster will roll out in many other interested parishes in the coming year.

Social Isolation


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The FutureCaritas Westminster will also expand its reach to address the plight of the following three groups of people who experience indignity and su� ering as a result of social exclusion:

Vulnerable young people: Last year saw a further 1 million 16- to 24-year-olds in the UK being classi� ed, not to say pigeonholed, as Neets (Not in Education, Employment or Training). Numbers are steadily rising and this trend is expected to continue.

Migrants and asylum seekers: Migrants living in this country, including many families with young children, disproportionately fall through the social safety net through no fault of their own, with no recourse to public


funds and therefore at greater risk of destitution, sickness, exploitation and abuse. Many parishes with a high volume of such migrants and their families already have projects caring for their welfare and Caritas Westminster aims to support and develop this work further in the coming year.

Victims of human tra� cking: The shameful increase in the presence of human tra� cking in the UK is becoming painfully more apparent. According to the NSPCC’s report this year, there were more than 400 children referred to the National Referral Mechanism as potential victims of tra� cking. Next year Caritas Westminster will be part of an ambitious plan to � nd shelter, protection and a new life for these individuals and their families as it grows into its role as the diocesan social action agency.

Above: Older guests and their hosts enjoy an afternoon of companionship at a Contact the Elderly Tea Party.


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Eye Witness: Isabella, volunteer driver

Meeting Constance and the older guests in the group has brought me closer to the local community. It’s fascinating to hear stories from their lives. It makes you look at your own in a di� erent light.

Eye Witness: Connie, older guest

I feel uplifted after going to a tea party on a Sunday afternoon. I’ve met new people and made new friends. It’s just amazing how the volunteers welcome a group of older people into their homes as their friends. It’s a marvellous feeling and I de� nitely recommend it to other people in my situation.

Diocese of Westminster of Westminster of Annual Report & Accounts 2013

Eye Witness: David, Older Guest

The time I feel most lonely is after six o’clock at night, but when I’ve been out to a Contact tea, then I don’t feel lonely at all, just fresh memories of a lovely afternoon out with friends. It’s good getting out and meeting people and it’s fun for us to get together. It has made such a di� erence to my life. One of the reasons I like to go out is that it gives me the chance to dress up, whereas normally I don’t make much of an e� ort. It makes me feel good.

Eye Witness: John: Volunteer group coordinator

I don’t think people realise how lonely and isolated elderly people living alone feel and just a few hours one Sunday a month can make a huge di� erence. The gatherings are tremendous fun and I can feel excitement in the air each month when I ring around my members, hosts and drivers. I � nd it enjoyable because you can see immediately how, for a small o� ering of time, you can make a big di� erence to their lives.


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Debt Challenge


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ContextMillions of people in the UK are currently struggling under the weight of personal debt, which has reached record highs as household savings have reached historic lows, leaving millions with little �nancial resilience. More than 8 million households now have no savings at all, a �gure which includes around 50 per cent of low-income households. The unfavourable economic climate has led to the cost of living rising, with squeezed household budgets. Welfare reforms have brought these issues into sharp relief, with many people pushed to the edge of, or over, a �nancial cli� and into eventual homelessness. Exacerbating this are the extent of poor personal �nancial understanding and management, and the pressure of easy, fast but high-interest credit from payday lenders leading individuals and families into a spiral of crippling debt. The impact of this extends far beyond monetary consequences, a�ecting people’s health, family stability and employment prospects.

Caritas ResponseThe roots of debt and homelessness are varied and complex, and the Catholic Church has always been a quiet source of compassion and practical support in this challenging area.

Caritas Westminster helps those struggling out of debt, those balancing the household budget or, indeed, those moving from homelessness back into secure, a�ordable accommodation. It has been working with credit unions, Christian money management organisations such as The Money Advice Trust and Christians Against Poverty (CAP) amongst others to explore how to support stretched communities in meeting and addressing �nancial hardships and obstacles in these very di�cult times. The development of practical money advice and courses that re�ect the Catholic ethos help people take control of their money by encouraging them to save what they can and, when a�ordable, take out low-cost, transparent loans from local credit unions when needs arise.

The St Albans Credit Union was set up in 2002 with the backing of St Bartholomew’s, St Albans South and the drive and expertise of parishioner Antony Baker. He still serves as a volunteer director and explains: “My aim has always been to help people who struggle with good �nancial management to understand their �nances. I think the attraction of the credit union is that it is a

Debt Challenge Do not be one of those who go guarantor, who go surety for debts: if you have no means of paying you will �nd your bed taken from under you.

Proverbs 22:26-27

co-operative; it is not ‘us and them’. All the members of the credit union are encouraged to work together, to pool their savings to lend to one another and help run the credit union and, if possible, to volunteer for roles. This is done in a ‘not-for-pro�t’ way, so the cash is only used to run the service and reward the members, not to pay outside shareholders, like most other �nancial institutions.”

To work in a credit union Anthony describes the need to be both a people person and a numbers person. He notes: “Being a ‘people person’ helps deal with members’ queries and concerns, but then there is the ‘numbers’ or spreadsheet person where we are concerned mainly to ensure that the credit union runs properly as a regulated body, like any bank or building society. I like to feel I am a bit of both, and get satisfaction from talking to people and analysing their �nances, judging whether a loan is sensible both for them and for the credit union. And the work is not all smooth; you face challenges. Some people have messy �nancial situations, and can put their heads into the sand when the going is tough. However frustrating it is at times, you do get a sense of real achievement on occasion.”

It is not only a�uent parishioners who gift part of their savings by placing their money in a relatively low-return account who help. Credit unions also need an army of savers who are solvent, not necessarily high-earning savers, who also could on occasion bene�t from a short-term loan. It is this volume and variety of clients that is needed to sustain the credit union, thereby increasing its ability to o�er more crisis loans, which are risky, to those who have fallen through the safety net of state provision.


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The FutureCaritas Westminster has a vision of encouraging support for credit unions accompanied by the development of debt and money management education and support, all in the heart of parish communities who need this most. This dual approach on one hand encourages the Catholic community to become members of their local credit union, and, on the other, opens our parish spaces and trains Catholic volunteers to run money and debt management courses.

Caritas Westminster will be responding to homelessness by working with the Joseph Roundtree Foundation and other key charities from the London Funders organisation to create a network of interested charities and donors, with the aim of developing a more robust and comprehensive response to the problem.

It is also creating a guide for parish priests for those times when homeless and destitute people call at their presbytery, something that is likely to increase once the key welfare reforms and council cuts take e� ect after April 2015. The guide will provide general advice on managing this issue sensitively and with compassion but also practical information on where to � nd warm food and shelter in the locality, relieving immediate distress.

The project is also aware of the particular, often complex, needs of asylum seekers, migrants and their families, who have no recourse to public funds and often � nd themselves destitute without adequate shelter, food, money or access to work and education.



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Eye Witness: An anonymous borrower from the credit union

I just wanted to say how grateful I am to everyone at the credit union for all that you do. When I � rst took out my loan I was up to my eyeballs in high-interest debt; only being able to make minimum payments, I was being charged hundreds of pounds every month in interest and the debt would just have escalated out of control. Since consolidating my debts with a credit union loan I now have a light at the end of the tunnel. As I only make one payment each month I am � nancially much better o� and I now plan ahead with my money and if I can not a� ord it I do not have it. I will be 100% debt free by early next year and I have also been putting money into savings. You lend a valuable lifeline to people in desperate need and literally transform lives.


Eye Witness: Helen Kennedy, St Albans District Credit Union

I have been a member of St Albans District Credit Union since it was founded, during which I have saved and borrowed. There is an attitude in society that credit unions are only for the poor. In my opinion credit unions are for everyone, young and old. They are still relatively new to the UK and provide a valuable and ethical service in the community. Members are all equal and sta� are mostly volunteers. Help and advice is free. I am proud to be a member, especially if we can avoid people having to use loan sharks. To volunteer you don’t need to be a banker or a � nancial wizard - we have some of those already - but you must be a team player, and it helps to be able to add up correctly, with a calculator if necessary.


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Food Poverty


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ContextAt the heart of our faith is the Eucharist, our spiritual food. Receiving this heavenly food resonates even more strongly when we see others in our a�uent society, particularly children and older people, going hungry. According to the Food Ethics Council, at least four million people su�er from food poverty in the UK, a �gure which undermines the UK’s commitment to ensuring that all its citizens have access to this most basic of all human rights. The reality of the UK’s cost of living crisis came under the spotlight in 2013, culminating in Britain’s biggest charity food drive since the Second World War, with the aim of collecting tons of groceries to give to hungry and hard-pressed families and individuals. The exponential growth in food banks has been caused in part by unemployment, increasing levels of underemployment, low and falling income, and rising prices, leading to further imbalances and more people living on the fringes of society. Caritas is responding directly with an active faith that supports and empowers those who go without and engages with the marginalized.

Caritas Response The Borehamwood Foodbank: Based in the parish of St Teresa of the Child Jesus, Borehamwood, the food bank was launched in March 2013 and has fed over 1,200 families and individuals, giving out over 12.5 tons of food aid. It is supported by Caritas Westminster, which provided seed funding for the initial set up and now o�ers general ongoing support. It was also involved in raising awareness of the food bank and its needs in the locality.

The food bank is an ecumenical and community endeavour that involves the parish, participating churches, other faith organisations and schools. They donate non-perishable, in-date food to the food bank in the parish centre where the food is stored. It is also collected at the local supermarket, where volunteers hand out a ‘food bank shopping list’ to shoppers asking them to buy extra items for local people in crisis. The whole collection and management is run by volunteers. Volunteers sort the food and make sure it is packed into boxes ready to be given to people in need. Care professionals in the local area such as doctors, health visitors, social workers and head teachers identify people in crisis and issue them with a food bank voucher. Those in need bring these to Borehamwood Foodbank, where it can be redeemed for three days’ emergency food.

Food Poverty For I was hungry and you gave me food; I was thirsty and you gave me drink; I was a stranger and you made me welcome.

Matthew 25:35

Borehamwood also has volunteers who meet clients over a cup of tea or meal to signpost them to agencies who can help them to solve longer-term problems. There is also a delivery service at Borehamwood taking emergency food boxes to clients living in rural areas who cannot a�ord to get to the food bank.

There are times when the donations go up, such as at Christmas, Easter and Harvest Festival, when additional hampers and presents are handed out to clients for whom family and food celebrations are important but costly.

School Lunches: Recently, Borehamwood parish has started running family lunches during school holidays in response to the realisation that those children who receive free school meals during term time were probably not getting the same nourishment during the holidays. This is a chance for the whole family to come and eat with other families in a welcoming relaxed space where they are given an additional bag of provisions and any remaining food to take home. Through the year the number of families attending has increased from 12 to more than 20. Caritas Westminster is now in discussion with a local children’s centre and also a community centre, where it hopes to reach more families and older people struggling to make ends meet. It is also applying for a local community grant to develop this service.

Magic Breakfasts: Food aid also works in primary schools in the diocese. Caritas Westminster has been working in partnership with the free healthy breakfast programme delivered by national charity Magic Breakfast. It has extended its reach into �ve diocesan primary schools, encouraging more pupils to attend and expanding food provision beyond the start of the day to �rst lesson feeding for late pupils and bagels at break-time.

Groundwork has also been laid to move to the second stage of the programme, that of parental and pupil nutritional education, to create a routine of regular, healthy eating habits beyond the school gates. This will, for example, take the form of assemblies inviting healthy-eating role models, parental information gatherings and cookery classes. Concrete improvements in attendance, punctuality, performance, behaviour and social skills have been the hallmarks of this joint Caritas Westminster – Magic Breakfast initiative.


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Foodbank caption in here somewhere Foodbank caption in here somewhere

The FutureSince Borehamwood Foodbank launched, Caritas Westminster has been sharing expertise and spreading best practice amongst interested parish communities to support the development of three further food banks in Bow, East Finchley and St Albans expected to launch in early 2014.

Caritas Westminster is exploring the models of diverse food aid responses, such as the FoodCycle dinner clubs and FareShare distribution of surplus retail food to charities alleviating poverty and social exclusion. It aims to involve parish communities in implementing these better, more �tting approaches to providing food aid in the local community.

This is all in addition to other diocesan food aid initiatives such as soup kitchens, sandwich runs, lunch and suppers for vulnerable people and night shelters. In 2014 Caritas Westminster intends to host a roundtable on food poverty and our diocesan response, with a view to pooling resources and expertise not only to enhance the current provision but also to increase the reach of food aid for those in need in our diocese.


Page 19

Eye Witness: ‘Changes to my ESA left me with no money for food’

Edna, almost 60, was referred to the food bank by a cancer charity after her Employment Support Allowance (ESA) was replaced by Job Seeker’s Allowance. Despite having undergone serious surgery for cancer last year and su�ering from arthritis and depression following the recent death of her brother, Edna was told she was �t for work. She has been applying for jobs with little success and feels that her age has reduced her employability. She is also concerned that she would not be able to physically cope with a job and is appealing the decision; but this is expected to take weeks. Edna lives alone and has sold her TV, a main source of company for her, to help put food on the table and has been eating plain pasta or couscous as it’s all she can a�ord. She contacted the food bank with just £8 left to last her �ve days.

Eye Witness: A positive, calm start to the school day

Sam is a 10-year-old boy in his last year of primary school. He is the youngest of three. He has a complex social background. His father has been in prison for most of Sam’s young life and his mother has been very ill with cancer. Sam and his older brother and sister struggle to cope with managing the home, their mother’s care and their own needs. His school attendance is cause for concern at only 75%.

Sadly, Sam’s mother died in March. The school has been able to o�er Sam a free breakfast every day through the national charity, Magic Breakfast. After breakfast, Sam engages in creative activities, board games and sports. Sam particularly enjoys playing Monopoly with his friends. Breakfast Club is an important time for him to interact with his friends and have a positive, calm start to the school day.

Raising awareness (top left)and (left) collecting donations for the Borehamwood Foodbank


Page 20

Parish Profi le

St John Vianney Parish


Page 21


Page 21

At the heart of parish life is the daily gathering around the altar to listen to God’s word and encounter the Risen Lord in the Eucharist. Nourished by this Sacrament in their human and spiritual journey, the faithful reach out to their neighbours in need in many ways.

Parish Priest Fr Joe Ryan explains: ‘One of the best-kept ‘secrets’ in the Catholic Church is its enduring teaching on social justice, based on Gospel values that have been presented in many encyclicals and exhortations by several Popes.

‘We are simply doing here what many other parish communities are doing throughout the diocese, responding to the needs on our doorstep. There are

homeless, sick and hungry people; there are “strangers” and asylum seekers; and the face of Christ in many other disguises.’

A community that cares

The parish hosts the Haringey Migrant Support Centre, formed as a result of concern from the local community about the lack of support some immigrants in their midst were receiving. The Centre uses an o� ce provided by the parish and operates every Monday to provide support, including a social lunch, to families and individuals who are seeking help.

This ranges from advice on immigration and personal welfare problems to accessing health services.

‘Clients also have the opportunity to receive and to o� er companionship and feel that they are part of a community which cares,’ says Fr Joe.

St John Vianney Parish, West GreenFounded in 1927, St John Vianney is a vibrant parish in West Green, serving a diverse and active community.

Many di� erent nationalities present every week at Mass re� ect the multi-cultural character of London.

Also located within the parish boundaries in the premises of the former St Augustine’s church, London Catholic Worker o� ers similar support on a daily basis. Having as its mission the corporal works of mercy and supported by West Green parish, the community provides food, shelter and advice to people who are undocumented and who can therefore easily fall through the social care net and be vulnerable to exploitation.

Re� ecting the face of Christ

The parish also provides practical support to the many in their midst who face hunger. A meal voucher scheme operates through an arrangement with a local café, which provides meals in exchange for which the parish pays.

In addition to this, for over 30 years, the parish has been operating a soup, tea and sandwich run to feed the homeless and hungry in the inner city.

As Fr Joe explains, ‘Jesus says, “I was hungry, thirsty, naked, a stranger and you came to my help”. This is part of what social justice is about, identifying and caring for those in our midst and restoring to them the dignity of re� ecting the face of Christ.’

A view of the church in 1951 when it was a Nissen hut. Right: The present church building, opened by Cardinal Godfrey in 1959.

The Live Simply Group

Fr Joe Ryan


Page 22

Income and expenditure

Parish Income (total)

Parish Expenditure (total)

Curial Income (total)

Curial Expenditure (total)

5,000,000

5,000,000

5,000,000

5,000,000

10,000,000

10,000,000

10,000,000

10,000,000

15,000,000

15,000,000

15,000,000

15,000,000

20,000,000

20,000,000

20,000,000

20,000,000

25,000,000

25,000,000

25,000,000

25,000,000

30,000,000

30,000,000

30,000,000

30,000,000

35,000,000

35,000,000

35,000,000

35,000,000

2013 Total

£37,533,000

2013 Total

£30,921,000

2013 Total

£11,525,000

2013 Total

£11,148,000

2012 Total

£34,249,000

2012 Total

£28,650,000

2012 Total

£10,911,000

2012 Total

£10,072,000


Page 23

Income

Collections, donations and legacies

Parish activities

Investment income

Rents

Trading

£’000

2013

2012

Disposal of assets

Parish and Curia Income CommentaryOverall income increased by £6.5m in 2013, with £1.8m of this being increased donations in parishes, £1m from increased use of our parish centres and £3.7m increase from the Growing in Faith Campaign roll out within the Diocese.

0 10,000 20,000 30,000

28,242

5,825

25,071

5,570

Parishes Income

1,6831,875

1,1421,066

639666

21


Page 24

Income

Diocesan assessment

Income from charitable resources

Donations, legacies

Investment income

Rental income

Assessments

£’000 0 1,000 2,000 3,000, 4,000 5,000 6,000

5,042

1,546

2,794

1,323

4,828

1,777

3,041

648

722

98150

467

Curia Income

2013

2012


Page 25

Expenditure

Parishes Expenditure

0 1,000 2,000 3,000, 4,000 5,000 6,000

5,781

5,042

3,855

3,083

2,718

1,977

1,652

1,563

5,476

4,828

3,096

2,904

2,591

1,891

1,379

1,639

Non clergy stipends and housekeeping

Assessment

Property repairs

Council Tax and utilities

Depreciation

Clergy stipends

Parish activities and centres

Liturgical

Candles and repository

O�ce and administration

Donations, grants

Costs of generating income

Miscellaneous expenses

Other

Catechetics

Supply priests

Interest

£’000

Parish and Curia Expenditure CommentaryParish expenditure increased by £2m in 2013. Of this, £2m was due to continuing investment in property repair and renewal, whilst the balance was the result of in�ationary pressures on non-clergy salaries, housekeeping and utility costs.

Curial expenditure increased by £1m, which is due to enabling works at the new SPEC Centre and in�ationary pressures.

4859

2013

2012

1,0281,061

1,1021,018

1,069766

482512

422308

380379

366376

353362


Page 26

0 500 1,000 1,500 2,000 2,500 3,000, 3,500 4,000 4,500 5,000

4,543

2,445

1,293

859

744

408

347

4,089

1,833

1,290

863

821

373

346

Pastoral and related work

Administration

Education and formation

Auxiliaries,Tribunal and Vicar General

Department of Clergy and Consecrated Life

Archbishop’s O�ce

National Bodies

Public a�airs and communications

Other

£’000

166173

187187

In May 2013 the Centre for Youth Ministry was opened in Somers Town. The group as already built and supported 20 youth groups in various parishes and introduced support structure to 12 youth workers. SPEC continued to provide a wonderful range of retreats to the young people of the Diocese, and ahead of their move to Pinner, throughout 2013. During the year 7,924 individuals attended these retreats.

The administration of the Diocese is carried out by the central service teams. The property team manages the properties held centrally by the Diocese and all its related charities. It advises and actively works with parishes and schools in the maintenance and development of their property. The ICT team manages all communications hardware and software across the Diocese. The �nance team processes all �nancial transactions for the Curia, central services and related charities. Additionally, it exercised supervision over 212 school construction projects and reclaimed gift aid in excess of £2.2 million in respect of over 30,000 donors. It also provides advice and support to improve �nancial management in the parishes, conducting 60 compliance audits of parishes.

Expenditure

Curia Expenditure

2013

2012

Expenditure Overview During 2013 the Diocese spent £1.4M on the Growing in

Faith Campaign.

The Education Service from September 2013 to April 2014 provided 57 training and information courses attended by 2,388 people.

Over the same period we have appointed 128 lay governors and 13 clergy to our schools. There have been 84 meetings with Local Authorities and designated interest groups on strategic building planning and costing.

The Chancery o�ce processed 1,943 marriage applications and dispensations, of which 916 were overseas. It also provided 826 RCIA applications.


Page 27




Page 28

IntroductionThe Directors of the Corporate Trustee (i.e. the Trustees) present their statutory report together with the consolidated accounts of Westminster Roman Catholic Diocesan Trust (the Charity) for the year ended 31 December 2013.

The accounts are presented in accordance with the accounting policies set out on pages 41 to 43 of the attached accounts and comply with the Charity’s trust deed, applicable laws, United Kingdom Generally Accepted Accounting Practice and the requirements of Statement of Recommended Practice, “Accounting and Reporting by Charities” issued in March 2005.

Structure, Governance and Management

ConstitutionWestminster Roman Catholic Diocesan Trust is a charitable trust established by a trust deed dated 1 November 1940 and is registered under the Charities Act 2011, Charity Registration No. 233699.

Scope of the consolidated accountsThe consolidated accounts include the assets, liabilities and transactions of the following:

Curial fundsThe Curial funds are used to support the Archbishop and Bishops in providing Diocesan-wide services and pastoral care and to meet the cost of central administration. The Curial funds are administered by sta� within the Curial (or Central) O�ces in the Westminster Cathedral complex.

Parochial fundsThe Parochial funds are administered, with guidance from the Central Finance O�ce, by the parish priests and are used to carry out the work of the Church within local areas and to help fund the Curia.

Report of the Directors of the Corporate Trustee – Year to 31 December 2013

Westminster Cathedral LimitedA wholly owned subsidiary trading company carrying out general trading activities which relate to Westminster Cathedral and whose object is to generate pro�t for the bene�t of the Cathedral.

Other registered charitiesOther registered charities, which are integral to the Charity and which therefore have been included in these accounts are:

• The Moor�elds Charity (Charity Registration No 247198) - a charity providing assistance to the Roman Catholic parishes of Moor�elds and Bunhill Row and to Westminster Cathedral.

• Westminster Cathedral Trust (Charity Registration No 270637) – a charity with the principal objectives of supporting Westminster Cathedral and preserving its fabric and music.

School propertiesThe Charity is the legal owner of nearly 200 properties comprising voluntary aided schools within the Diocese. The schools, many of which are separate exempt or excepted charities, are funded through a combination of government grants and voluntary contributions.

The nature of the occupation of these properties by the exempt and excepted charities means that the Trustees do not have the power to dispose of the land and buildings until a school ceases occupation, which in turn requires the approval of the school governors and the Secretary of State. Consequently, the land and buildings are deemed to have £nil value for the purpose of the attached accounts.

The non-property assets, liabilities and transactions of the schools are not included in these accounts as they are neither owned nor controlled by the Charity.


Page 29

TrusteesThe Trustees i.e. the Directors of the Corporate Trustee are appointed by the Archbishop of Westminster.

The Trustees who were in o�ce at the date of this report and those who served during the year ended 31 December 2013 were as follows:

Appointed/Resigned

His Eminence Cardinal V Nichols

Rt Rev J Arnold (1,2,4,5)

Rt Rev J Sherrington (1,7)

Rt Rev Mgr T Egan (1,3)

Rt Rev Mgr M Hayes (1) Appointed 14 March 2014

Rt Rev Mgr J O’Boyle

Lord D Brennan QC

Miss L Ferrar (2,6)

Rt Hon R Kelly

Mr C Kemball

Mr D Moseley (4)

Committee member of: 1) Finance Board 2) Audit Committee 3) Investment Committee 4) Human Resources Subcommittee 5) Property Subcommittee 6) Pension Board 7) Schools Commission

The Trustees met four times during the year. On agreeing to become a Trustee, individuals are thoroughly briefed by their co-Trustees on the history of the Charity, the day-to-day management, the responsibilities of the Trustees, the current objectives and future plans. The Trustees are also encouraged to attend any courses which they feel are relevant to the development of their role, and to keep up-to-date on any changes in legislation.

Trustees’ expensesA number of the Trustees are clergy of the Roman Catholic Diocese of Westminster. They are housed and remunerated by the Diocese and are reimbursed expenses for carrying out their ministry in the same way as other priests of the Diocese.

However, no Trustee received any remuneration or expenses from the Charity in connection with their duties as Trustees during the year. No Trustee had any bene�cial interest in any contract with the Charity.

Statement of Trustees responsibilities The Trustees are responsible for preparing the annual report and accounts 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 accounts for each �nancial year which give a true and fair view of the state of a�airs of the Charity, and of the Charity and its subsidiaries, and of the incoming resources and application of resources of the Charity and its subsidiaries for that period. In preparing these accounts, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Statement of Recommended Practice (Accounting and Reporting by Charities) (the Charities’ SORP);

• make judgements and estimates that are reasonable and prudent;

• state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and

• prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the �nancial position of the Charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of �nancial information included on the Charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of accounts may di�er from legislation in other jurisdictions.



Page 30

OrganisationThe Charity is governed by the Trustees who meet on a regular basis to attend to the �nancial, property, legal and administrative a�airs of the Diocese. The Finance Board, comprising a quorum of Trustees, deals with the day to day business a�airs of the Diocese.

Additionally, the Audit Committee, the membership of which includes two Trustees and an independent member (Mr K Ingram a chartered accountant and former audit partner of PricewaterhouseCoopers) monitors the integrity of the accounts and reviews the Charity’s internal �nancial controls.

The parishes in the Diocese are established and operate under the Church’s Code of Canon Law which bestows on them separate canonical status. This explains their treatment in these accounts, speci�cally the columnar approach and their classi�cation as ‘restricted funds’. Also under Canon Law each parish must have a �nance committee to help the parish priest in the administration of the parish.

Administrative and advisory bodiesAs required by Canon Law, a Diocesan Finance Committee (as distinct from the Finance Board referred to above) exists to give advice to the Archbishop on �nancial matters. It must also be consulted on administrative matters of major importance.

In the Diocese there is also the Council of Priests. This meets at least twice a year with the Archbishop to discuss and to give advice on a range of issues. The Council is composed of 22 Deans and an additional representative of each of the 22 deaneries, together with the Auxiliary Bishops and other senior priests of the Diocese.

At the re-establishment of historic forms of church government in 1850, each Diocesan Bishop was empowered to appoint a Chapter of Canons to take responsibility for the organisation and maintenance of his Cathedral. In the Diocese of Westminster eighteen senior priests constitute the Chapter of Canons and are consulted by the Archbishop on important Diocesan matters (cf Canon 503�). They have also been constituted as “The College of Consulters” to ful�l the legal requirements of Canon 495�.

Risk managementWhilst risk management can limit it does not eliminate risk. The Trustees believe that by monitoring reserve levels, by ensuring controls exist over key �nancial systems, and by examining the operational and business risks faced by the Charity, they have established e�ective systems to mitigate risks. To improve on risk management, in 2013 the Trustees have implemented additional programmes. One programme was to roll out a mandatory Health and Safety monitoring scheme to the parishes. The second programme to increase the frequency and rigour of the standard of parish �nancial audits. In 2013, 60 parishes were audited with the new audit programmes. Furthermore, the Trustees have developed a risk register which will be used as a management tool in 2014.

Connected charitiesThe main charities connected with the Charity are listed below.

All the charities listed are the responsibility of the Corporate Trustee but are outside the scope of these accounts as they are separate registered charities and are not controlled by the Charity. In many cases they are administered by the Central Finance O�ce of the Charity and many have similar or related charitable objectives.

• Westminster Ecclesiastical Education Fund (WEEF) (Charity Registration No 312528)

WEEF is a charity for the training of students to the priesthood and is the recipient of the Diocesan collection.

• Diocese of Westminster Sick and Retired Priests Fund (Charity Registration No 278136)

This charity’s principal activity is the provision of assistance to sick and elderly and retired clergy.

• Norfolk Fund Charity (Charity Registration No 241675)

The Norfolk Fund Charity is a charity with the principal objective of ful�lling the social and pastoral works of the Diocese.

A full list of all connected charities is given in note 20 to the attached accounts.



Page 31

Investment Policy

IntroductionThe investment guidelines are set by the Trustees. The Investment Committee implements and reviews the guidelines.

The Charity’s investments comprise units in the Mutual Investment Fund, the investment policy of which is determined by an Investment Committee which meets on a quarterly basis to monitor the Fund’s performance. At the end of the year the fund was invested as follows: 31.3% in UK equities, 2.3% in alternative investments; 47% in overseas equities; 9.8% in �xed interest and 9.6% in liquid assets. The overall long term objective is to manage the portfolio on a total return basis.

The Trustees regularly review information from the investment managers, monitoring performance of the portfolio and the investment strategy. The Trustees are satis�ed with the performance of investments during the year following the volatility in global �nancial markets, and remain con�dent that their medium term investment policy is being achieved. The Investment Committee reviews the choice of investment managers every three years.

Socially Responsible Investment PolicyThe Catholic Church’s understanding of socially responsible investment is drawn from a series of “social encyclicals” which followed from Pope Leo XIII’s own encyclical letter Rerum Novarum in 1891. That document set out to restore in contemporary industrial society the priority of the human over the economic, and the spiritual and moral over the material. In the management of investments both charity law and Church teaching apply.

Under charity law, the Trustees must seek to obtain the best �nancial return possible consistent with commercial prudence. Following the Church’s teaching, the Trustees also strive to maintain a socially responsible investment policy through a process of making value judgements about products, services and corporate practices of companies as well as their �nancial e�cacy. This process and its decisions to invest and disinvest, and of seeking change through shareholder action, is also strengthened through its proactive engagement in the Churches Investment Group, an ecumenical group.

As described above, the Trustees believe that they should strive to ensure that the Charity’s investments are aligned to the Church’s Teaching. The Trustees estimate that for 2013 the implementation of the Social Responsible Investment or ethical policy has reduced the CCLA returns by -1.1% and increased the returns of the funds invested in Sarasin and Partners LLP by +0.6%. Additionally, the

annual audit of the investments has highlighted that 0.09% of the investments held within the portfolio are in potential contradiction to its policy. The Trustees are continuously working to examine the underlying assets and rectify where it is possible.

Additionally this year, through Church Investment Group and through one of the Charity’s investment managers, CCLA, the Trustees engaged with a number of telecommunications companies to ensure that they are protecting children from accessing inappropriate material by restricting access to adult content, such as pornography, by default. Following engagement, one company took the further step of ceasing to promote the retail of pornographic material, classi�ed as being suitable only for adult viewers, in the UK market. Furthermore, the Trustees, through this partnership, are encouraging FTSE350 constituent companies who operate in carbon intensive sectors, or any FTSE100 constituent that could be considered to be laggards in comparison to their peers, to report their greenhouse gas emissions to the Carbon Disclosure Project (CDP) and to adopt emissions reduction measures. The program resulted in a 72% improvement in the performance of the 53 companies targeted and academic assessment of the initiative showed, with a 90% con�dence rate, that the engagement was responsible for the improvement amongst FTSE350 companies. These are just some of the examples on how the Social Responsible Investment policy is being put into place.

Objectives and activitiesObjectives

The Declaration of Trust included in the Trust Deed dated 1 November 1940 speci�es that the property and other assets owned by the Charity should be used ‘both as to capital and to income in or towards advancing the Roman Catholic religion in the Diocese by such means as the Archbishop may think �t and proper and for the service and support whether in the Diocese or outside the Diocese by such means as aforesaid of charitable works and objects promoted by the Church’.

Additionally, the Catholic Church has a large body of teaching, its ‘social doctrine’, which presents a rounded understanding of the human person and of the importance of solidarity. One of the doctrine’s focus is the Common Good, which refers to what belongs to everyone by virtue of their common humanity. The simple de�nition of the Common Good is ‘the sum total of social conditions which allows people, either as groups or as individuals, to reach their ful�lment more fully and more easily’. Within its overall objective, one of the aims of the Charity includes the ful�lment of social teaching.



Page 32

ActivitiesThe principal ways in which these objectives are ful�lled are by the provision of religious and pastoral services, education and implementation of social teaching.

The provision of religious and pastoral services

The Diocese has 214 parishes, and religion is advanced through providing places of worship and facilitating religious practice. These include providing and maintaining buildings used for religious practice, conducting religious ceremonies (such as weddings and funerals), maintaining religious burial grounds, saying masses that are open to the public, and providing and maintaining devotional artefacts, stained glass windows and other religious works of art in places of worship. There is also a bene�t to the general public as many of these churches are open to all for personal spiritual contemplation. Parishes themselves are communities which contribute to the moral and spiritual wellbeing of those who attend, and from these centres educational, social and pastoral work is carried out as a practical expression of faith. To give some indication of this, the estimated weekly mass attendance in the Diocese was over 150,000, the number of parish churches and others open to the public was 214, there were over 1,000 marriages, 3,000 funerals, 10,000 baptisms/receptions and 8,000 �rst communions during the year.

In our parish communities we have a very wide diversity of culture and nationalities (in one parish there are approximately 100 nationalities). But every parish community strives to achieve a racial and cultural harmonisation and integration. In this we believe the Church is leading the way in promoting cohesion in our cosmopolitan society.

The provision of Catholic education

Within the diocese there are 213 schools, 156 of which are primary, 40 secondary, and 17 independent. In 2013, two multi academies were created, comprising both primary and secondary schools. The Charity provides the land and buildings through which these schools operate. Throughout the Diocese, the schools aim to provide a �rst class education to boys and girls from the ages of 4 to 18. The Charity contributes towards providing a structured educational environment that develops the pupils’ capabilities, competences and skills, and promotes the academic, moral and physical development of the pupils through academic curriculum, pastoral care, sporting and other activities. It also contributes to providing an educational environment where each student can develop and ful�l his or her potential, building their self-con�dence and inculcating a desire to contribute to the wider community. This all prepares the pupils for the opportunities, responsibilities and experiences of later life.

The provision and maintenance of churches, presbyteries and schools

The objectives are achieved principally through the parishes and Catholic schools together with a large number of Catholic societies and organisations also based in the Diocese. Additionally, there are numerous other pastoral activities, the more important of which are referred to below.

We try to enable ordinary people to live out their faith as part of the parish and diocesan communities through worship and prayer, and learning about the Gospel, the provision of pastoral care for people living within and outside the Diocese and missionary and outreach work. To facilitate this work it is important that we maintain the fabric of our churches and related properties, support clergy in their active and retired ministries, and provide funds for training new priests and deacons, catechists and lay ministers.

Through the provision of diocesan school properties we aim to contribute towards the provision of a �rst class education to boys and girls from the ages of 4 to 18 in a Catholic Christian environment. In addition, we seek to provide services for young people that will enable them to live and explore their faith.

The provision to the poor and marginalised

Within its overall objective, one of the Charity’s fundamental aims is the ful�lment of its social teaching in the pursuit of the Common Good. In recent years the Trustees have set up a new department, CARITAS, to help achieve this aim. While there is so much work to be done in this area, the Trustees have identi�ed seven key areas of focus: 1) Supporting people who �nd themselves in food poverty and debt; 2) Supporting lonely, isolated and vulnerable people; 3) Supporting the Catholic deaf community; 4) Supporting people with intellectual disabilities and their families; 5) Supporting young people at risk of social exclusion; 6) Supporting victims of human tra�cking; and 7) Supporting people who are homeless.

When setting the aims of the Charity and planning the work of the Charity for the year, the Trustees have given careful consideration to the Charity Commission’s general guidance on public bene�t and in particular to its supplementary guidance on the advancement of religion, relieving poverty and advancing education.



Page 33

Financial Review

Financial results

The table set out below summarises the �nancial activities of the Diocese.

2013 £m 2012 £m

Parishes

Income 37.5 34.2Expenditure (25.9) (23.8)Surplus before assessment 11.6 10.4Diocesan assessment and other transfers

(5.0) (4.8)

Surplus 6.6 5.6Investment and revaluation gains 3.2 1.4Added to reserves 9.8 7.0

Curial

Diocesan assessment 5.0 4.8Other income 6.5 6.1Total income 11.5 10.9Expenditure (11.1) (10.1)Surplus 0.4 0.8Investment and revaluation (losses) gains

3.5 0.6

Added to reserves 3.9 1.4Complete details of the income and expenditure are shown in the consolidated statement of �nancial activities and in the notes to the accounts.

Please note that the above numbers include income and expenditure of the fundraising programme called Growing in Faith. This includes restricted income of the parishes of £1.5 million in 2013 and restricted income of the Curia of £2.2 million in 2013 and £1.8 million in 2012. The programme incurred expenditure of £1.4 million in 2013 and £1.0 million in 2012 which is shown in the Curia.

Reserves policy

The Trustees aim to maintain the Charity’s general fund at an equivalent of 12 months’ expenditure on unrestricted funds although they also acknowledge the need for some �exibility to be built into this �gure to accommodate changes in future investment values and exceptional expenditure.

Financial position

Parochial reserves at 31 December 2013 total £128.7 million (2012 - £118.9 million) which relate solely to the assets and activities of individual parishes. They are not available for the general purposes of the Charity nor are individual parishes able to transfer their funds to other parishes within the Diocese.

Curial reserves at 31 December 2013 amount to £42.1 million (2012 – £38.2 million). Of this, £13.7 million (2012 - £10.7 million) represents the balance on restricted items which is not available for general purposes. Unrestricted funds amounted to £28.4 million (2012 - £27.5 million). Of this £17.3 million (2012 - £17.1 million) is a tangible �xed assets fund and a further £1.9 million (2012 - £1.9 million) has been set aside for speci�c purposes leaving general funds of £9.2 million (2012 - £8.5 million) after the pension reserve de�cit of £1.2 million (2012 - £2.4 million) for the general purposes of the Charity. This re�ects an increase of £0.7 million in general funds compared to 2012 and is equivalent to approximately 10 (2012 – 11) months of future budgeted unrestricted expenditure. The trustees acknowledge that the level of general funds at 31 December 2013 falls slightly below that stated in the Charity’s reserves policy. A signi�cant contributor to this shortfall continues to be the actuarial loss on the de�ned bene�t pension scheme as a result of the stock market volatility and other economic and demographic factors. As explained above, the Trustees accept the need for some �exibility in the reserves policy to accommodate times when there is global �nancial instability. Consequently, the Trustees continue to believe that free reserves are adequate but not excessive but will continue to monitor the position closely.



Page 34

The Charity’s assets

Acquisitions and disposals of �xed assets during the year are recorded in the notes to the accounts.

Plans for future periods

The Charity will continue to build on the work of the past year towards its focus on the common good. To help �nance the described initiatives and to help �nance future needs the Trustees have been leading a fundraising programme called Growing in Faith. The programme has been running for the last two years. By its conclusion in December 2014 almost all parishes will have participated. Besides raising funds, the campaign hopes to communicate to every parishioner on the priorities for the future which are: a) vibrant and sustainable parishes b) sustainable priesthood c) helping the poor and marginalised. At the date of writing this report the campaign has received over £33 million of gifts and pledges from over 16,000 households, of which £8.5 million has already been received. The cost to date of this campaign has been £2.5 million, which is being funded from the general reserves.

Signed on behalf of the Trustees:

Trustees

Approved by the board on:



Page 35

Independent auditor’s report to the Directors of The Westminster Roman Catholic Diocese Trustee

We have audited the accounts of the Westminster Roman Catholic Diocesan Trust for the year ended 31 December 2013, which comprise the consolidated statement of �nancial activities, the consolidated and parent charity balance sheets, the consolidated cash �ow statement, the principal accounting policies and the related notes. The �nancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accept-ed Accounting Practice).

This report is made solely to the Directors of the West-minster Roman Catholic Diocese Trustee (the Trustees), as a body, in accordance with Section 144 of the Charities Act 2011 and with regulations made under Section 154 of that Act. Our audit work has been undertaken so that we might state to the Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of Trustees and auditor

As explained more fully in the statement of the Trustees’ responsibilities set out in the Report of the Directors of the Corporate Trustee, the Trustees are responsible for the preparation of accounts which give a true and fair view.

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our responsibility is to audit and express an opinion on the accounts in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s (APB’s) Ethical Standards for Auditors.

Scope of the audit of the accountsAn audit involves obtaining evidence about the amounts and disclosures in the accounts su�cient to give reasonable assurance that the �nancial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the group’s and the charity’s circumstances and have been consistently

applied and adequately disclosed; the reasonableness of signi�cant accounting estimates made by the Trustees; and the overall presentation of the accounts. In addition, we read all the �nancial and non-�nancial information in the Report of the Directors of the Corporate Trustee to identify material inconsistencies with the audited accounts and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

Opinion on the accountsIn our opinion the accounts:

• give a true and fair view of the state of the group and charity’s a�airs as at 31 December 2013 and of the group’s incoming resources and application of resources for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

Matters on which we are required to report by exceptionWe have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

• the information given in the Report of the Directors of the Corporate Trustee is inconsistent in any material respect with the accounts; or

• su�cient accounting records have not been kept; or

• the accounts are not in agreement with the accounting records and returns; or

• we have not received all the information and explanations we require for our audit.

Buzzacott LLP Statutory Auditor 130 Wood Street London EC2V 6DL

Buzzacott LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

23 September 2014

Independent Auditor’s Report – 31 December 2013


Page 36

Curial fundsParochial

funds

Notes

Unrestricted funds £’000

Restricted funds £’000

Total funds £’000


Total 2013

£’000

Total 2012

£’000Incoming resources

Incoming resources from generated funds

. Voluntary income

.. Collections, donations and legacies 1 450 2,344 2,794 28,242 31,036 28,112

.. Assessments 2 98 – 98 – 98 150

. Activities for generating funds

.. Commercial trading operations 3 – – – 639 639 666

. Investment income and interest receivable 4 1,155 168 1,323 1,683 3,006 2,523

. Rental income from functional properties 722 – 722 1,142 1,864 1,533

Incoming resources from charitable activities 5

. Parish and similar activities 1,038 322 1,360 5,825 7,185 7,108

. Pastoral Centre 186 – 186 – 186 239

Other income

. Net gains on disposal of tangible assets – – – 2 2 1

Total incoming resources 3,649 2,834 6,483 37,533 44,016 40,332

Resources expended

Cost of generating funds

. Fundraising trading: cost of goods sold and other costs 3 – – – 482 482 512

. Investment manager’s fees – 20 20 – 20 18

Charitable activities

. Advancement of the Roman Catholic faith primarily in the Diocese of Westminster

6 10,316 676 10,992 25,389 36,381 33,280

Governance costs 7 136 – 136 8 144 84

Total resources expended 10,452 696 11,148 25,879 37,027 33,894

Net (outgoing) incoming resources before transfers 8 (6,803) 2,138 (4,665) 11,654 6,989 6,438

Transfers between funds 15 5,113 (71) 5,042 (5,042) – –

Net (outgoing) incoming resources before other recognised gains and losses

(1,690) 2,067 377 6,612 6,989 6,438

Other recognised gains and losses

. Actuarial gains (losses) 1,023 – 1,023 – 1,023 (609)

. Net investment gains 1,572 893 2,465 3,205 5,670 2,577

Net movement in funds 905 2,960 3,865 9,817 13,682 8,406

Reconciliation of funds

. Balances brought forward at 1 January 2013 27,480 10,724 38,204 118,879 157,083 148,677

. Balances carried forward at 31 December 2013 28,385 13,684 42,069 128,696 170,765 157,083

Consolidated statement of �nancial activities – Year to 31 December 2013


Page 37

Consolidated statement of total recognised gains and losses – Year to 31 December 2013

Historical cost net movement in funds2013

£’0002012

£’000Net movement in funds (page 36) 13,682 8,406

Net investment gains arising from changes in the value of the investment portfolio

(5,670) (2,577)

Gain calculated by reference to the historic cost of investments disposed of during the year

(638) (399)

Actuarial (gains)/losses (1,023) 609

Historical cost net movement in funds 6,351 6,039

No �gures are available for the historical cost of functional property and therefore it is not possible to calculate the historical cost depreciation charge. However, functional property has been included in the accounts at a valuation which approximates to original cost less depreciation. The Trustees are of the opinion, therefore, that there is no material di�erence between the historical cost depreciation charge and the actual depreciation charge calculated on the revalued amounts.

Continuing activitiesAll of the Group’s activities derived from continuing operations during the above two �nancial periods with the exception of All Saints Pastoral Centre which ceased operation in December 2011. Further details are given in note 5.

Total recognised gains and lossesAll recognised gains and losses are included in the consolidated statement of �nancial activities.


Page 38

NotesCurial £’000

Parochial £’000

Total 2013

£’000

Total 2012

£’000Fixed assets

Tangible assets 11 17,307 73,084 90,391 86,902

Investments 12 20,700 31,496 52,196 47,102

38,007 104,580 142,587 134,004

Current assets

Stocks – 62 62 65

Debtors 13 8,164 692 8,856 6,777

Cash at bank and in hand 6,682 23,700 30,382 30,225

14,846 24,454 39,300 37,067

Creditors: amounts falling due within one year 14 (8,764) (1,171) (9,935) (11,556)

Net current assets before adjustment for inter-fund indebtedness

6,082 23,283 29,365 25,511

Elimination of inter-fund indebtedness (833) 833 – –

Net current assets 5,249 24,116 29,365 25,511

Total net assets excluding pension liability 43,256 128,696 171,952 159,515

Pension liability 9 (1,187) – (1,187) (2,432)

Total net assets including pension liability 42,069 128,696 170,765 157,083

Represented by: Funds and reserves

Restricted funds 15 13,684 128,696 142,380 129,603

Unrestricted funds

. Designated funds 16 1,902 – 1,902 1,899

. Tangible �xed assets fund 17 17,307 – 17,307 17,099

. General funds

.. Free reserves 10,363 – 10,363 10,914

.. Pension reserve 9 (1,187) – (1,187) (2,432)

9,176 – 9,176 8,482

42,069 128,696 170,765 157,083

Consolidated balance sheet – 31 December 2013

Approved by the Trustees

and signed on their behalf by:

Trustee

Approved on:


Page 39

Notes

Total 2013

£’000

Total 2012

£’000

Fixed assets

Tangible assets 11 90,307 86,803

Investments 12 46,489 42,090

136,796 128,893

Current assets

Debtors 13 8,908 6,852

Cash at bank and in hand 28,742 27,816

37,650 34,668

Creditors: amounts falling due within one year 14 (9,865) (11,362)

Net current assets 27,785 23,306

Total net assets excluding pension liability 164,581 152,199

Pension liability 9 (1,187) (2,432)

Total net assets including pension liability 163,394 149,767

Represented by: Funds and reserves

Restricted funds 15 135,008 122,287

Unrestricted funds

. Designated funds 16 1,902 1,899

. Tangible �xed assets fund 17 17,307 17,099

. General funds

.. Free reserves 10,364 10,914

.. Pension reserve 9 (1,187) (2,432)

9,177 8,482

163,394 149,767

Charity balance sheet – 31 December 2013

Approved by the Trustees

and signed on their behalf by:

Trustee

Approved on:


Page 40

Notes

Total 2013

£’000

Total 2012

£’000

Cash in�ow from operating activities A 3,192 10,972

Returns on investments B 3,010 2,417

Capital expenditure and �nancial investment B (6,010) (6,884)

Increase in cash C 192 6,505

Notes to the cash �ow statement for the year to 31 December 2013.

A Adjustment of net incoming resources before transfers to net cash in�ow from operating activities

Total 2013

£’000

Total 2012

£’000

Net incoming resources before transfers 6,989 6,438

Depreciation charge 3,133 2,896

Investment income and interest receivable (3,006) (2,523)

Gain on disposal of tangible �xed assets (2) –

Pension cost less contributions payable (222) (287)

Decrease in stocks 3 3

Increase in debtors (2,082) (56)

(Decrease) increase in creditors (1,621) 4,501

Net cash in�ow from operating activities 3,192 10,972

B Gross cash �ows

Total 2013

£’000

Total 2012

£’000

Returns on investments

Investment income and interest received 3,010 2,417

Capital expenditure and �nancial investment

Receipts from disposal of tangible �xed assets 8 —

Payments to acquire tangible �xed assets (6,628) (7,880)

Receipts from disposal of investments 650 1,300

Payments to acquire investments (40) (304)

(6,010) (6,884)

C Analysis of changes in net funds

At 1 January

2013 £’000

Cash �ows £’000

At 31 December

2013 £’000

Cash at bank and in hand 30,225 157 30,382

Cash held by investment manager for reinvestment 490 35 525

30,715 192 30,907

Consolidated cash �ow statement – Year to 31 December 2013


Page 41

Principal accounting policies – 31 December 2013

Basis of accountingThe accounts have been prepared under the historical cost convention, as modi�ed by the inclusion of investment properties and listed investments at market value, and the inclusion of functional properties at a valuation which approximates to their original cost less depreciation.

Applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and the Statement of Recommended Practice on Accounting and Reporting by Charities (SORP 2005) issued by the Charity Commission in March 2005, have been followed in the preparation of these accounts.

Basis of consolidation and scope of the accounts

The statement of �nancial activities and the balance sheet consolidate the accounts of the Charity and its subsidiary undertakings made up to the balance sheet date. No separate statement of �nancial activities has been prepared for the Charity as the results of the trading subsidiary are clearly shown in the consolidated statement of �nancial activities and supporting notes.

The accounts also include the net assets and transactions of other charities under the control of the Directors of the Corporate Trustee which a�ect the Westminster Roman Catholic Diocesan Trust. The charities have been incorporated into the accounts as special trusts (or restricted funds).

The accounts do not include the results and net assets of connected entities (note 20).

The accounts of the Investment Fund (the Mutual Investment Fund) controlled by the Westminster Roman Catholic Diocese Trustee have not been consolidated. However, the income distributed during the year from the Mutual Investment Fund to the Charity is included in incoming resources in the statement of �nancial activities, and the units allocated to the Charity are included in the balance sheet as investments. Further details of the Mutual Investment Fund are given in note 12.

Incoming resourcesIncoming resources are recognised in the period in which the Charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the Charity has to ful�l conditions before becoming entitled to it or where the donor or funder has speci�ed that the income is to be expended in a future accounting period.

Assets donated to the Charity for its own use are included as part of incoming resources in the year of the gift. Assets falling within the de�nition of tangible �xed assets are capitalised on the Charity’s balance sheet and depreciated in accordance with the appropriate policy. Other assets are treated as resources expended in the year of the gift.

Legacies are credited to the statement of �nancial activities once the Charity has been advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quanti�ed.

Resources expendedExpenditure is included in the statement of �nancial activities when incurred and includes any attributable VAT which cannot be recovered.

Resources expended comprise the following:

a. The costs of generating funds comprise the costs of the subsidiary company in connection with its commercial trading operations.

b. The cost of charitable activities comprises expenditure on the Charity’s primary charitable purposes and includes sta� costs and other direct overheads attributable to those purposes.

c. Governance costs include costs which are directly attributable to the legal procedures necessary for compliance with statutory requirements.

Charitable donations in support of Catholic foundations and projects are included in the statement of �nancial activities in the year in which they are approved. If charitable donations approved during the year have not been paid, in part or in full, by the end of the year, they are included as creditors in the balance sheet. Future charitable donations that are to be applied towards activities in later years are awarded subject to the availability of funds and are not accrued for.

Functional freehold propertyFunctional freehold properties, comprising the Cathedral, churches, presbyteries, halls and similar buildings owned by the Charity prior to 1997, are included in the balance sheet at an estimate of their original cost. These estimates were arrived at by discounting the 1997 insurance value of the properties by reference to the in�ation statistics relating back to the date on which the properties were acquired or built. Additions to functional freehold properties since January 1998 are included in the accounts at cost or, where such assets have been donated or bequeathed to the Charity at their estimated market value at the date of the gift.


Page 42


No value is included in the accounts for freehold land.

Freehold buildings are depreciated at rates calculated to write o� their estimated historic cost, on a straight line basis, as follows:

• Listed properties - 200 to 300 years

• Other properties - 100 years

The Trustees regularly review the condition and net book values of all properties to ensure that the depreciation policies adopted are and remain appropriate. Disposals of freehold property are accounted for on completion.

Voluntary aided and grant maintained schools

Land and buildings legally owned by the Charity and occupied rent free by Catholic voluntary aided schools, which are separate charities and publicly funded, are valued at £nil for the purposes of these accounts. The Trustees consider that no meaningful value can be attributed to these assets since they are not used directly by the Charity, do not generate income, and cannot be disposed of in the open market or put to alternative use while such occupation, which may be inde�nite, continues.

The school governors are responsible for the buildings and for the repair and refurbishments costs thereof and accounting for any grants received in respect of these costs. The Charity assists school governors in managing projects and makes grants via the Curial o�ce to assist the governors with their liability for school building and repair costs. The Charity administers these monies as managing agent and makes the appropriate payments to contractors for work carried out. Any monies due to the Charity, or held by the Charity on behalf of schools, at the balance sheet date are treated as debtors or creditors respectively on the balance sheet.

Details of the Diocesan voluntary aided schools are given in the Diocesan Year Book and on the Diocesan website.

Furniture, �ttings and equipmentItems of furniture, �ttings and equipment costing in excess of £1,000 are capitalised and depreciated on a straight line basis in order to write o� their original cost over the expected useful lives of the assets concerned. The depreciation rates applied are as follows:

• O�ce equipment - 20%

• Fixture and �ttings - 10% to 25%

Individual works of art, treasures and plate are not capitalised as they are regarded as heritage assets which are held in a manner consistent with the advancement of the Roman Catholic faith, have very long lives and are worth preserving inde�nitely.

Motor vehiclesMotor vehicles are capitalised and depreciated over a four year period in order to write o� the cost of each vehicle over its estimated useful life.

InvestmentsListed investments are included on the balance sheet at their market value at the end of the �nancial period. It is the Charity’s policy to keep valuations up to date so that when investments are disposed of all gains or losses will already have been accounted for and none will be attributable to the disposal itself. As a result, the statement of �nancial activities includes those unrealised gains and losses arising from the revaluation of the investment portfolio throughout the year. Disclosure is made in the note of the historical cost net movement in funds of the di�erence between the historical cost and the disposal proceeds of the investments disposed of during the year.

Investment properties are included in the balance sheet at the Trustees’ best estimate of market value with advice from a professional valuer. All changes in value during the year are classi�ed as unrealised gains or losses and are reported in the statement of �nancial activities. Details of the dates and basis of the valuations are given in note 12 to the accounts. As these assets are recorded at their current market value no charge for depreciation is made in the accounts. Disposals of investment properties are accounted for on completion.

Investments in subsidiary companies are included on the balance sheet at cost.


Page 43


StocksStocks of miscellaneous items are valued at the lower of cost and net realisable value.

Fund accountingThe Curial Funds

The Curial Funds can be used across the whole of the Diocese and are subdivided between:

• The general fund comprising those monies which may be used towards meeting the charitable objectives of the Charity and used across the whole of the Diocese at the discretion of the Directors of the Corporate Trustee.

• The designated funds being monies set aside out of general funds and designated for speci�c purposes by the Directors of the Corporate Trustee.

• The restricted funds being monies received for, and their use restricted to, a speci�c purpose, or donations subject to donor imposed conditions.

The Parochial Funds

These comprise legacies, donations, trust income and interest and relate to speci�c parishes. Under Canon law the monies must be utilised by individual parishes and cannot be used across the whole of the Diocese. As such, the funds are all regarded as restricted for the purpose of these accounts.

Pension costsThe charity contributes to a de�ned bene�ts pension scheme, closed for accrual of bene�ts since 2005, providing bene�ts based on �nal pensionable salary. The assets of the scheme are held and managed separately from those of the charity.

Pension scheme assets are measured at fair value at each balance sheet date. Liabilities are measured on an actuarial basis using the projected unit method. The net of these two �gures is recognised as an asset or liability on the balance sheet.

Any change in the asset or liability between balance sheet dates is re�ected in the statement of �nancial activities in recognised gains and losses for the period.

The charity also contributes to a de�ned contribution scheme providing bene�ts based upon the value at retirements of the fund of each member.

Contributions towards employees’ personal pension schemes are charged to the statement of �nancial activities in the year in which they become payable.


Page 44

Notes to the accounts – 31 December 2013

1 Collections, donations and legaciesCollections, donations and legacies in the year amounted to £31,036,000 (2012 - £28,112,000). Included in this �gure are legacies of £3,238,000 (2012 - £625,000), £3,209,000 of which are restricted for application within parishes (2012 - £621,000).

2 AssessmentsTen parishes operated by speci�c religious congregations are not consolidated into these accounts.

Income from assessments represents monies received by the Charity from those parishes.

3 Commercial trading operations and investment in trading subsidiaryAt 31 December 2013 the Charity owned the entire called up ordinary share capital of the following company:

Company Country of incorporation Principal activity

Westminster Cathedral Limited England Miscellaneous trading activities

Audited accounts of the company will be �led with the Registrar of Companies.

A summary of the trading results of Westminster Cathedral Limited is given below.

2013 £’000

2012 £’000

Turnover 639 666

Cost of sales (302) (331)

Gross pro�t 337 335

Administrative expenses (180) (181)

Pro�t on ordinary activities before Gift Aid and taxation 157 154

Gift Aid (169) (154)

Loss on ordinary activities before taxation (12) –

Taxation – –

Loss for the �nancial year (12) –

At 31 December 2013 the called up share capital of Westminster Cathedral Limited comprised 2 ordinary £1 shares and its reserves amounted to £11,399 (2012 - £23,667).

4 Investment income and interest receivable


fundsGroup Unrestricted

funds £’000




Total 2013

£’000

Total 2012

£’000Investment income

Income from listed investments 691 168 859 123 982 334

Rents and similar income 244 – 244 1,453 1,697 1,817

935 168 1,103 1,576 2,679 2,151

Interest receivable 220 – 220 107 327 372

1,155 168 1,323 1,683 3,006 2,523

All rents are from investment properties situated in the United Kingdom.


Page 45


5 Incoming resources from charitable activities



funds £’000


Totalfunds £’000


Total 2013

£’000

Total 2012

£’000Parish and similar activities

Income from clubs – – – 117 117 109

Chaplaincies – – – 27 27 27

Catechetics – – – 292 292 284

Candles, repository and newspapers – – – 2,307 2,307 2,336

Board and lodging – – – 99 99 115

Parish centres – – – 1,453 1,453 1,291

Parish activities – – – 1,502 1,502 1,231

School contributions – 322 322 – 322 374

Miscellaneous 1,038 – 1,038 28 1,066 1,341

1,038 322 1,360 5,825 7,185 7,108

Pastoral centres (see below) 186 – 186 – 186 239

1,224 322 1,546 5,825 7,371 7,347

School contributions

The school contributions are voluntary payments made by the schools of the Diocese towards the costs of the school projects team at Vaughan House and agreed as “Catholic Education Contributions” with the schools.

Pastoral centres

In prior years, one of the Charity’s pastoral centres, All Saints Pastoral Centre, has been used by religious and secular groups as a retreat and conference centre.

After exploring options for the long term future of the Centre, the Trustees determined that the cost of upgrading the facilities would not represent a prudent use of Diocesan resources.

Consequently, the Centre ceased to operate in December 2011. In 2013 the Centre generated income of £nil (2012 - £nil) and incurred expenditure in respect to the security and maintenance of the property pending disposal of £179,745 (2012 - £188,552).

There was provision on the site for the work of SPEC until March 2014. The Diocese is committed to retaining a residential retreat for children and young people and has put in place alternative provision.

On 30 July 2012 contracts were exchanged for the sale of the site for £7,056,683 with completion of the sale to take place in November 2014.


Page 46


6 Advancement of the Roman Catholic faith primarily in the Diocese of Westminster

Group - Curial funds Unrestricted funds £’000


Total 2013

£’000

Total 2012

£’000Cardinal’s o�ce and Archbishop’s House 317 – 317 291

Communications 166 – 166 173

Safeguarding 91 – 91 82

Auxiliaries & vicar general 859 – 859 863

Clergy & consecrated life 744 – 744 821

Ecumenical & interfaith 40 – 40 37

Education & formation 971 322 1,293 1,290

Pastoral and related work 2,787 354 3,141 3,134

Growing in Faith project 1,402 – 1,402 955

National bodies 347 – 347 346

Administration 2,445 – 2,445 1,833

Miscellaneous 147 – 147 150

10,316 676 10,992 9,975

School building projects

During the year, the Group and Charity received Government grants of £29,622,870 (2012 - £27,935,000) in connection with major repair and capital projects at Church schools in the Diocese. These monies, together with the contributions received from school governors are used to fund contractor payments also administered by the Charity acting as managing agent for the church schools concerned. During the year, the Charity made payments to contractors of £33,083,500 (2012 - £22,856,000).

The Charity receives this money in its capacity of managing agent for the school governors only and, as such, these amounts are excluded from the statement of �nancial activities.

Consequently, only the Charity’s net contribution to costs after deducting the contributions from school governors and government grants towards the costs of the projects concerned is included as resources expended in the statement of �nancial activities.


Page 47


6 Advancement of the Roman Catholic faith primarily in the Diocese of Westminster (continued)

Group – Parochial restricted funds 2013 £’000

2012 £’000

Non-clergy salaries 4,515 4,213

Property repairs and renewals 3,855 3,096

Clergy stipends 1,977 1,891

Other �xed asset depreciation 1,902 1,791

Liturgical expenses 1,563 1,639

Housekeeping 1,266 1,263

Candles, repository and papers 1,028 1,061

O�ce and administration 1,102 1,018

Heat, light and water 2,074 1,875

Council tax, insurance and rates 1,009 1,029

Parish activities 1,289 1,059

Parish Centre expenses 363 320

Donations/grants 1,069 766

Catechetics 366 376

Supply priests 353 362

Property depreciation 816 800

Travel expenses 245 250

Miscellaneous expenses 422 308

Bank Interest 48 59

Mass stipends distributed 127 129

25,389 23,305

7 Governance costs



funds £’000




Total 2013

£’000

Total 2012

£’000Direct employed sta� costs 31 – 31 – 31 31

Audit and accountancy 105 – 105 8 113 53

136 – 136 8 144 84

8 Net (outgoing) incoming resources before transfers


funds

Group Unrestricted funds £’000




Total 2013

£’000

Total 2012

£’000

Sta� costs (note 9) 4,177 – 4,177 4,515 8,692 8,310

Auditor’s remuneration

Audit fees 58 – 58 12 70 69

Other services 5 – 5 – 5 5

Depreciation (note 11) 415 – 415 2,718 3,133 2,904

The above are the gross costs relating to each activity/department. Many of these have related income �ows which are included within total incoming resources. Due to the number of charitable donations made out of both Curial and Parochial funds it is not practical to provide details of individual donations.

This is stated after charging:


Page 48


9 Sta� costs and Trustee remuneration

Group 2013 £’000

2012 £’000

Sta� costs during the year were as follows:

Wages and salaries 7,922 7,432

Social security costs 556 662

Other pension costs 214 216

8,692 8,310

Sta� costs per function were as follows:

Charitable activities 8,661 8,279

Governance 31 31

8,692 8,310

The average number of actual employees and full time equivalents (FTE), analysed by function was:

2013 FTE

2013 Total

Employees2012

FTE

2012 Total

EmployeesCharitable activities 294 593 311 572

Governance 1 1 1 1

295 594 312 573

The number of employees who earned £60,000 per annum or more (including bene�ts other than pension) during the year was as follows:

Group 2013 £’000

2012 £’000

£60,000 - £70,000 2 3

£70,000 - £80,000 1 2

3 5

Employer contributions of £17,330 (2012 - £31,292) were made to de�ned contribution schemes in respect of all those employees who earned £60,000 or more during the year (as de�ned above).

A number of the Directors of the Corporate Trustee (ie Trustees) are clergy of the Roman Catholic Diocese of Westminster. They are housed and remunerated by the Diocese and are reimbursed expenses for carrying out their ministry in the same way as other priests of the Diocese. However, none of the Trustees received any remuneration in respect of their services as a Trustee during the year (2012 - £nil), nor were they reimbursed any expenses connected with their duties as Trustees (2012 - £nil).

The Rt Hon R Kelly, a Director of the Corporate Trustee, is an employee of HSBC plc, principal bankers to the Charity.

De�ned bene�t scheme

Until 6 July 2005 the Charity operated a pension scheme providing bene�ts based on �nal pensionable pay. The assets of the scheme are held separately from those of the Charity, being invested with Friends Life Services Limited and Sarasin & Partners LLP. The contributions were determined on the basis of triennial valuations by a quali�ed actuary using the projected unit method.


Page 49


The following information is based upon an actuarial valuation of the fund at 31 December 2013 by a quali�ed independent actuary.

The major assumptions used by the actuary were:

31 Dec 2013

% per annum

31 Dec 2012

% per annum

In�ation 3.6 3.0

Salary increases 2.6 n/a

Rate of discount 4.4 4.1

Rate of increase in pensions in payment and deferred pensions

5.8 5.1

The mortality assumptions used were as follows:

2013 years

2012 years

Longevity at age 65 for current pensioners

Men 22.1 22.9

Women 24.4 24.9

9 Sta� costs and Trustee remuneration (continued)

The most recent valuation, at 6 April 2013, showed that the market value of the scheme’s assets was £6,594,000 and that the level of funding on an ongoing basis was 74%. The principal assumptions made were that the investment returns would be 4.7% per annum before retirement, 2.9% per annum after retirement and that pensions for future services would increase by 2.55% per annum. No allowance was made for possible discretionary increases in pensions beyond those prescribed in the scheme rules.

FRS 17

Financial Reporting Standard 17 “Retirement Bene�ts” Revised (FRS 17) requires the surplus or de�cit on the scheme as at 31 December 2013, calculated in accordance

with the requirements of FRS 17, to be included on the balance sheet. For the purposes of FRS 17, the assets of the scheme have been taken at market value and the liabilities have been calculated by a quali�ed independent actuary.

From 6 July 2005 accrual of bene�ts, death in service bene�ts and member contributions ceased and as a result the actuary recommended that the Charity contribute £18,400 per month from April 2008 to improve the level of funding. From July 2011, contributions increased to £23,800 per month.


Page 50


Total expenditure recognised in the statement of �nancial activities:

2013 £’000

2012 £’000

Current service cost – –

Past service cost – –

E�ect of curtailment/settlement – –

Total expenditure recognised in the statement of �nancial activities – –

Funds and reserves2013

£’0002012 £’000

Funds excluding FRS 17 pension liability 171,953 159,515

Net pension liability (1,187) (2,432)

Funds including FRS 17 pension liability 170,766 157,083

Net gains (losses) recognised in the statement of �nancial activities:

2013 £’000

2012 £’000

Actual return less expected return on pension scheme assets 787 (734)

Experience gains and losses arising on the scheme liabilities 236 125

Total amount recognised in the statement of �nancial activities 1,023 (609)

The cumulative amount of actuarial gains and losses recognised in the statement of �nancial activities to 31 December 2013 is a loss of £907,000.


The assets in the scheme and the expected rates of return were:

Long term return %

Value 2013

£’000Long term

return %

Value 2012 £’000

Long term return %

Value 2012 £’000

Equities 6.0 2,318 6.0% 1,899 6.2% 1,739

Corporate bonds 3.9 62 3.9% 70 5.4% 61

Government bonds 3.1 388 3.1% 399 4.2% 352

Property 4.2 28 4.2% 18 6.2% 16

Cash 3.2 620 3.2% 427 0.5% 899

Total assets 3,416 2,813 3,067

Present value of scheme liabilities (4,603) (5,245) (5,018)

De�cit in the scheme – net pension liability (1,187) (2,432) (1,951)

The expected long term return on cash is equal to bank base rates. The expected return on bonds is determined by reference to UK long dated gilt and bond yields. The expected rate of return on equities and property have been determined by setting an appropriate risk premium above gilt/bond yields having regard to market conditions.


Page 51

Amounts for the current and previous four periods

31 Dec 2013

£’000

31 Dec 2012 £’000

31 Dec 2011 £’000

31 Dec 2010 £’000

31 Dec 2009 £’000

Fair value of assets 3,416 2,813 3,067 3,299 3,486

Present value of scheme liabilities (4,603) (5,245) (5,018) (4,683) (5,260)

De�cit in scheme (1,187) (2,432) (1,951) (1,384) (1,774)

Experience adjustment on scheme assets 236 125 5 104 243

Percentage of scheme assets 6.9% 4.44% 0.16% 3.15% 6.97%

Experience adjustment on scheme liabilities – – – 309 –

Percentage of scheme liabilities – – – 6.60% –

Actuarial gains/(losses) on obligation amount 787 (734) (716) 169 838

% of present value of scheme liabilities 17.1% (13.99%) (14.27%) 3.61% (15.93%)

De�ned contribution scheme

The Charity also operates a pension scheme providing bene�ts based on de�ned contributions. The Charity contributes 8% of salary and this is matched by employee contributions of 1%, 3% or 4% of salary. The scheme is administered by Friends Life Services Limited. The total contributions made by the employer in 2013 amounted to £189,000 (2012- £199,000).


Contributions

The total contributions made by the employer in the year have been £304,000 (2012 - £287,000). The contributions to be paid by the employer to the scheme for the year beginning after 31 December 2013 is £285,600. Reconciliation of opening and closing balances of the fair value of the Charity’s share of the scheme assets.

2013 £’000

2012 £’000

Fair value of scheme assets at 1 January 2013 2,813 3,067

Expected return on scheme assets 132 60

Actuarial gains 236 125

Contributions by employer 304 287

Bene�ts paid (69) (726)

Fair value of scheme assets at 31 December 2013 3,416 2,813


Reconciliation of Opening and closing balances of the present value of the Charity’s share of scheme liabilities.

2013 £’000

2012 £’000

Scheme liabilities at 1 January 2013 5,245 5,018

Interest cost 214 219

Actuarial (gains) losses (787) 734

Bene�ts paid (69) (726)

Scheme liabilities at 31 December 2013 4,603 5,245


Page 52

11 Tangible �xed assets Group

Functional freehold property

£’000

Plant, equipment, �xtures and

�ttings £’000

Motor vehicles

£’000Total

£’000Cost or valuation

At 1 January 2013 93,079 25,213 347 118,639

Additions 4,091 2,504 33 6,628

Disposals – (6) – (6)

At 31 December 2012 97,170 27,711 380 125,261

Cost 70,668 27,711 380 98,759

Valuation (1997) 26,502 — — 26,502

97,170 27,711 380 125,261

Depreciation

At 1 January 2013 12,734 18,711 292 31,737

Charge for year 958 2,150 25 3,133

At 31 December 2013 13,692 20,861 317 34,870

Net book values

At 31 December 2013 83,478 6,850 63 90,391

At 31 December 2012 80,345 6,502 55 86,902

Charity

Cost or valuation

At 1 January 2013 92,989 25,065 347 118,401

Additions 4,094 2,498 33 6,625

At 31 December 2013 97,083 27,563 380 125,026

Cost 71,075 27,563 380 99,018

Valuation (1997) 26,008 — — 26,008

97,083 27,563 380 125,026

Depreciation

At 1 January 2013 12,820 18,486 292 31,598

Charge for year 958 2,138 25 3,121

At 31 December 2013 13,778 20,624 317 34,719

Net book values

At 31 December 2013 83,305 6,939 63 90,307

At 31 December 2012 80,169 6,579 55 86,803


10 Taxation

Westminster Roman Catholic Diocesan Trust is a registered charity and, therefore, is not liable to income tax, corporation tax or capital gains tax on income or gains derived from its charitable activities, as they fall within the various exemptions available to registered charities.


Page 53


Works of art, treasures and plate are not capitalised in these accounts. They are considered to be heritage assets for the purposes of the 2005 Statement of Recommended Practice “Accounting and Reporting by Charities”. The assets are integral to the charity’s overall objective of advancing the Roman Catholic religion. They all have very long lives and are worth preserving inde�nitely. The Trustees consider that it would be prejudicial to the safe custody of these assets to disclose details of their value and usage in these accounts.

As permitted under the transitional arrangements of Financial Reporting Standard 15 (FRS 15) “Tangible Fixed Assets”, the Charity has continued to adopt a policy of not revaluing its tangible �xed assets. The historical cost of the functional properties stated above at a valuation cannot be ascertained with accuracy. The valuation, which was performed in 1997, is an estimate of original cost based on the replacement cost of each property in 1997, discounted back to the original year of purchase. All other tangible �xed assets are stated at cost or where gifted or bequeathed to the Charity at an estimate of their market value at the date of the gift.

Various of the Charity’s properties are subject to restrictions or covenants over their use and/or disposal.

It is likely that there are material di�erences between the open market values of the Charity’s land and buildings and their book values. These arise from the specialised nature of some properties and the e�ects of in�ation. The amount of such di�erences cannot be ascertained without incurring signi�cant costs, which, in the opinion of the Trustees, is not justi�ed in terms of the bene�t to the users of the accounts.

Land and buildings legally owned by the Charity and occupied rent free by Catholic voluntary aided schools, which are separate charities and publicly funded, are valued at £nil for the purposes of these accounts. The Trustees consider that no meaningful value can be attributed to these assets since they are not used directly by the Charity, do not generate income, and cannot be disposed of in the open market or put to alternative use while such occupation, which may be inde�nite, continues.

Capital commitments

At 31 December 2013 the Charity had the following capital commitments:

Group and Charity 2013 £’000

2012 £’000

Land and buildings – functional property

. Authorised but not contracted - 1,285

. Contracted but not provided 1,145 639

1,145 1,924

The capital commitments are in respect of various parish and curial building works.


Page 54


12 Investments

At 31 December 2013 investments comprised the following:

Group 2013

£’000

Group 2012 £’000

Charity 2013

£’000

Charity 2012 £’000

Listed investments 25,191 22,661 19,484 17,649

Investment properties 27,005 24,441 27,005 24,441

Subsidiary undertaking (note 3) – – – –

52,196 47,102 46,489 42,090

Listed investments

During the year, listed investments, under the control of the Westminster Roman Catholic Diocese Trustee, principally comprised units in a Mutual Investment Fund. The Mutual Investment Fund comprises investments managed by Sarasin & Partners LLP.

At 31 December 2013 the Group held 174,395 units (2012 – 171,848) in the Mutual Investment Fund, equivalent to 74% (2012 – 73%) of the total Fund. The market value of these units at 31 December 2013 amounted to £24,518,196 (2012 - £21,333,266) and their historical cost as at that date was £21,293,153 (2012 - £20,852,272).

At 31 December 2013 the Charity held 137,971 units (2012 – 135,424) in the Mutual Investment Fund, equivalent to 59% (2012 – 58%) of the total Fund. The market value of these units at 31 December 2013 amounted to £19,337,959 (2012 - £16,811,517) and their historical cost as at that date was £16,794,307 (2013 - £16,192,480).

The above results are net of investment managers’ fees of £108,636 in 2013 and £78,897 in 2012.

At 31 December 2013 the composition of the listed investments of the Mutual Investment Fund was as follows:

Group 2013 %

2012 %

Fixed income 9.8 11.5

UK equities 31.3 20.7

Global equities 47.0 42.0

Alternative investment 2.3 1.5

Liquid assets (money market instruments and cash) 9.6 24.3

100.0 100.0

At 31 December 2013, listed investments held as part of the Mutual Investment Fund (the Fund) included the following indi-vidual holdings deemed material when compared with the overall valuation of the Fund as at that date:

Group Percentage of fund

%Value

£Sarasin Equisar – Socially Responsible (Sterling Hedged) – I Inc 21.0 6,081,609

Sarasin Equisar – Socially Responsible – B Inc 27.1 7,864,462


Page 55


Listed investments held at 31 December 2013 and their movements during the year were as follows:

Group 2013

£’000

Group 2012 £’000

Charity 2013

£’000

Charity 2012 £’000

Market value

At 1 January 2013 22,171 21,663 17,649 17,399

Additions 40 298 – 298

Disposals (650) (1,300) (650) (1,300)

Net realised/unrealised gains during the year 3,105 1,510 2,485 1,252

At 31 December 2013 24,666 22,171 19,484 17,649

Cash held for reinvestment 525 490 –

25,191 22,661 19,484 17,649

Investment properties held at 31 December 2013 and their movements during the year were as follows:

Group and Charity Total £’000

Market value

At 1 January 2013 24,441

Unrealised gains on revaluation during the year 2,564

At 31 December 2013 27,005

Investment properties are included in the accounts at valuations carried out in respect of each year from 2007 to 2013. It is the aim of the Directors that properties will each be revalued every four to �ve years. During 2007 the Charity began an exercise of revaluing its investment properties in accordance with Generally Accepted Accounting Practice. Certain properties are stated at a valuation determined on an open market basis in 2007 and 2008 by BNP Paribas Real Estate (formerly Atisreal UK), in 2009 and 2010 by Messrs Barnes Kirkwood & Woolf, Chartered Surveyors and for all years since by Albright Surveyors Limited, Chartered Surveyors. In 2013 Albright Surveyors Limited revalued �ve of the investment properties on an open market basis. These valuations were conducted in accordance with the Practice Statements issued by the Royal Institution of Chartered Surveyors as set out in the Appraisal and Valuation Manual dated September 1995 as amended. It is not possible to ascertain with accuracy the original cost of the investment properties, many of which were purchased many years ago. The Trustees are of the opinion that the costs involved in researching such information outweigh the value of disclosing it.


Page 56


13 Debtors

Group 2013

£’000

Group 2012 £’000

Charity 2013

£’000

Charity 2012 £’000

Receivable within one year

Sundry debtors 1,337 1,319 1,403 1,394

Prepayments and accrued income 501 441 487 441

School expenditure recoverable from the Department for Education, Local Education Authorities and contract advances (note 19)

5,884 3,736 5,884 3,736

Loan to Westminster Cathedral Choir School 136 136 136 136

Other loans (see below) 118 128 118 128

7,976 5,760 8,028 5,835

Receivable after more than one year

Loan to Westminster Cathedral Choir School 278 415 278 415

Amount due from the Society of Jesus 263 263 263 263

Other loans (see below) 339 339 339 339

8,856 6,777 8,908 6,852

School expenditure recoverable from the Department for Education, Local Educational Authorities and contract advances represent amounts refundable from these bodies and from School Governors, in respect to work and maintenance to school properties and held by the Charity as custodian trustee.

The loan to Westminster Cathedral Choir School is made in accordance with a formal loan agreement and attracts interest at the published bank base rate or 1%, whichever is higher. It is repayable over seven years in equal annual instalments and repayments commenced on 31 August 2010.

Other loans receivable within one year comprise amounts advanced to priests, schools and season ticket loans to sta�. Other than some school loans which are charged interest rates linked to bank base rates and have set repayment terms, loans are interest free.

Other loans receivable after more than one year comprise an interest free loan of £339,000 to The Cardinal Hume Centre, a registered charity.

14 Creditors: amounts falling due within one year

Group 2013

£’000

Group 2012 £’000

Charity 2013

£’000

Charity 2012 £’000

School building projects (note 19) 4,540 6,148 4,540 6,148

Collections payable to third parties 1,224 1,306 1,224 1,306

PAYE and national insurance 218 222 218 222

Loans (see below) 29 29 29 29

Proceeds relating to the sites of former schools

1,309 1,309 1,309 1,309

Accruals and sundry creditors 847 727 777 533

Funds held on behalf of the Belarusian Catholic Mission

712 727 712 727

Funds held on behalf of the Congregation for the Eastern Churches

1,056 1,088 1,056 1,088

9,935 11,556 9,865 11,362

Amounts due in respect to school building projects represent amounts due to contractors in connection with work and maintenance to school properties held by the Charity as custodian trustee.

The majority of the loans are interest bearing with interest rates linked to bank base rates.


Page 57


15 Restricted funds

Restricted funds comprise:

2013 £’000

2012 £’000

Charity

Parochial 13,684 10,724

Curial 121,324 111,563

135,008 122,287

Group

Subsidiary entities parochial 7,372 7,316

142,380 129,603

Curial restricted funds

The income funds of the Curia include restricted funds comprising the following unexpended balances of donations and grants held on trusts to be applied for speci�c purposes:

Group and Charity

At 1 January

2013 £’000

Incoming resources

£’000

Expenditure, gains, losses

and transfers £’000

At 31 December

2013 £’000

Carroll fund 678 22 144 844

Masses funds 1,178 28 93 1,299

Poor fund 397 5 32 434

Ecclesiastical education fund 85 3 18 106

Trinity fund 292 8 (34) 266

Wellesley Colley fund 205 3 20 228

Harrow education fund 129 1 – 130

New school building fund 461 7 47 515

Archbishop’s fund 235 – – 235

SPEC funds 1,029 – – 1,029

St Joseph’s pastoral centre 188 60 (59) 189

Property repairs fund 111 2 10 123

Post ordination studies fund 973 31 101 1,105

Missions fund 124 2 11 137

St John Southworth fund 2,008 74 80 2,162

Filipino Chaplaincy fund 124 2 – 126

Growing in Faith fund 1,768 2,234 – 4,002

Other restricted funds 739 352 (337) 754

10,724 2,834 126 13,684


Page 58


The speci�c purposes for which the funds are to be applied are as follows:

• Carroll fund The Carroll fund is for charitable purposes within the United Kingdom.

• Masses funds The masses funds represent monies held for masses.

• Poor fund This fund is for the relief of poverty within the Diocese.

• Ecclesiastical education fund The ecclesiastical education fund is for housing costs for priests.

• Trinity fund This fund is for major projects within parishes.

• Wellesley Colley fund This fund is for general charitable purposes of the Diocese and for the relief of poverty.

• Harrow education fund This fund is for school and catechetical activities in the Harrow Deanery.

• New school building fund This fund is for school building projects in the Diocese.

• Archbishop’s fund This represents a legacy which is for projects as approved by the Archbishop.

• SPEC funds This fund represents monies received in respect of the SPEC Projects at All Saints Pastoral Centre and SPECEast in Poplar.

• St Joseph’s pastoral centre This fund is for a variety of speci�c projects agreed with individual donors.

• Property repairs fund This fund is available for repairs to Diocesan properties.

• Post ordination studies fund This fund is to support priests in further studies.

• Missions fund This fund is to support the work carried out by missions.

• St John Southworth fund This fund supports the work of parishes, organisations and projects across a range of issues including poverty, homelessness, old age and in�rmity, and children with disabilities or who are in danger of deprivation.

• Filipino Chaplaincy fund This is to support the work of the Filipino Chaplaincy.

• Growing in Faith fund This fund comprises monies raised as part of the Growing in Faith campaign to ensure a vibrant future for the Diocese. The monies will be used to: support parishes and ensure that they are sound, prayerful and sustainable; to support priestly life at all stages from formation, service in parishes and retirement; and to maintain the tradition of outreach to those in need.

• Other restricted funds Other restricted funds are for general charitable purposes of the Diocese.

Parochial restricted funds

The parishes in the Diocese of Westminster are established and operate under the Church’s Code of Canon Law which bestows on them separate canonical legal status. As such each parish has been treated as a separate restricted fund in these accounts. The total parish or parochial funds are administered, with guidance from the Central Finance O�ce, by the parish priests and are used to carry out the work of the church within local areas and help fund the Curia. The transfers from the Parochial restricted funds to the Curial funds represents the Diocesan assessment and similar transfers being a contribution from the parishes of the Diocese towards the central costs incurred by the Curia.


Page 59


16 Designated funds

The income funds of the Charity include the following designated funds which have been set aside out of unrestricted funds by the Directors for speci�c purposes:

Group and Charity At

1 January 2013 £’000

New designations

£’000

Utilised/released

£’000

At 31 December

2013 £’000

Schools projects 1,202 – (16) 1,186

Other designated funds 697 98 (79) 716

1,899 98 (95) 1,902

The funds have been designated for the following purposes:

• Schools projects This represents monies set aside for the school building projects.

• Other designated funds Other designated funds are monies set aside for Diocesan charitable purposes.

17 Tangible �xed assets fund

Group and Charity

£’000At 1 January 2013 17,099

Net movement in the year 208

At 31 December 2013 17,307

The �xed assets fund represents the net book value of the tangible �xed assets belonging to the Curial funds.


Page 60


18 Analysis of net assets between funds



funds £’000




Total 2013

£’000

Fund balances at 31 December 2013 are represented by:

Tangible �xed assets 17,307 – 17,307 73,084 90,391

Investments 11,123 9,577 20,700 31,496 52,196

Net current assets 1,142 4,107 5,249 24,116 29,365

Total net assets excluding pension liability 29,572 13,684 43,256 128,696 171,952

Pension liability (1,187) – (1,187) – (1,187)

Total net assets 28,385 13,684 42,069 128,696 170,765

Charity Unrestricted funds £’000


Total 2013

£’000

Fund balances at 31 December 2013 are represented by:

Tangible �xed assets 17,307 73,000 90,307

Investments 11,123 35,366 46,489

Net current assets 1,143 26,642 27,785

Total net assets excluding pension liability 29,573 135,008 164,581

Pension liability (1,187) — (1,187)

Total net assets 28,386 135,008 163,394

19 School building projects

The Charity is the legal owner of properties comprising voluntary aided schools within the Diocese. As explained in the principal accounting policies these properties are valued at £nil for the purpose of these accounts. The responsibility for the improvement, extension and repair of the buildings lies with the school governors. Grants towards such work are paid to the governors by the Department for Education (DfE) and the Local Education Authorities. As the school governors are responsible for incurring such expenditure and receiving the associated grant income, this income and expenditure is not included in these accounts. However, the Charity is closely involved in providing practical assistance to Catholic schools in the Diocese of Westminster and acts as an agent for the governing bodies in administering building contracts and recovering grants and contributions towards cost.

From time to time the Charity holds grant income received from DCSF on behalf of schools, as custodian trustee. At 31 December 2013 this amounted to £133,914 (2012 - £209,107).

During the year ended 31 December 2013, the Charity acted as an agent for school governors on school building projects as summarised right.

2013 2012

Number of projects 212 147

2013 £’000

2012 £’000

Total amount spent 33,084 22,856

Less: grants received (29,623) (27,935)

Net governors’ liability 3,461 (5,079)

Amounts owing on contracts at 31 December 2013 (note 14)

4,540 6,148

Amounts recoverable from Department for Education, Local Education Authorities and contract advances (note 13)

5,884 3,736


Page 61


20 Connected charities and related party transactionsThe Charity is connected to a number of other charities. All such charities are the responsibility of the same Corporate Trustee, namely Westminster Roman Catholic Diocese Trustee. They are administered by the Central Finance O�ce of the Westminster Roman Catholic Diocesan Trust and many have charitable objectives similar to the Charity.

Charity Name Charity Registration Number Objects

Diocese of Westminster Sick and Retired Priests Fund 278136 The provision of assistance to sick, elderly and retired clergy.

Hare Street House 247200 The provision of a house for the Archbishop.

Norfolk Fund Charity 241675 Assisting young, poor Roman Catholics.

Westminster Ecclesiastical Education Fund 312528 The training of students for the priesthood.

Westminster Cathedral Choir School 1063761 The training of children in church choral music.

With the exception of Westminster Cathedral Choir School all the above charities pay a management fee to Westminster Roman Catholic Diocesan Trust based on the market value of their investment holdings in the Mutual Investment Fund (note 12) to cover the cost of administrative services provided by the Charity. The Sick and Retired Priests Fund also reimburses costs to the Westminster Roman Catholic Diocesan Trust in respect to services provided by the Diocese to assist the fund to meet its charitable objectives.

21 Financial activities of charitable subsidiariesThe operations of a number of other registered charities are considered integral to the Charity and therefore their incoming resources, resources expended and net assets have been consolidated with those of the Charity in these accounts. The charities concerned are as follows:

• The Moor�elds Charity (Charity Registration No 247198) - a charity providing assistance to the Roman Catholic parishes of Moor�elds and Bunhill Row and assistance to Westminster Cathedral.

• Westminster Cathedral Trust (Charity Registration No 270637) - a charity with the principal objectives of supporting Westminster Cathedral and preserving its fabric and music.

A summary of the statement of �nancial activities and a statement of the net assets at 31 December 2013 of each of the charities is given below. Audited accounts of each charity will be �led with the Charity Commission

The Moor�elds

Charity £’000

Westminster Cathedral

Trust £’000

Total 2013

£’000

Total 2012

£’000Incoming resources 132 798 930 230

Resources expended (47) (1,431) (1,478) (265)

Net incoming/(outgoing) resources for the year 85 (633) (548) (35)

Net gains on investments 158 463 621 258

Net movement in funds 243 (170) 73 223

Net assets 2,239 5,120 7,359 7,290


Page 62

How to support the Diocese of Westminster

The Diocese of Westminster is dependent on voluntary donations and you can make a real di�erence by supporting one of more of the following programmes:

• The care of sick and elderly priests

• The training of new priests

• Evangelisation and formation

• The inclusion of all people in the life of the church

• The Trinity Fund (which provides a lifeline to parishes with �nancial problems)

• Work with young people

• Lourdes pilgrimage

• Preserving church buildings

You can make a donation online at www.rcdow.org.uk/donations

You can also get further information about the di�erent ways that you can help by contacting:

Head of Planned Giving & Appeals, Diocese of Westminster, 46 Francis Street, London SW1P 1QN

Email: [email protected] Tel: 020 7798 9375


Page 63

East Hertfordshire

North Hertfordshire

Stevenage

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HertsmereWatford

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Dacorum

H E R T F O R D S H I R ESOR

HILLINGDON EALING

HARROW

BRENT

BARNET

HARINGEY

CAMDEN

HOUNSLOW

RICHMOND

Part of SURREY

Spelthorne

HAC

KN

EY

ISLING

TONW

ESTMIN

STER

CITY

TOWERHAMLETS

HAMMERSMITH& FULHAM

KENSINGTON& CHELSEA

Broxbourne

ENFIELD

The Diocese of Westminster

On our website

Our website has the latest news about the work and mission of the Catholic Church in the diocese. It also includes full listings of all Catholic parishes and schools and hospital chaplains. You can visit our website at www.rcdow.org.uk

On your mobile phone

You can also keep in touch with the latest news about the Diocese of Westminster on your mobile phone. Please visit www.catholicmobile.mobi to access a summary of the latest news and events.

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Westminster Record

The Westminster Record is the newspaper for the Diocese of Westminster. Published every month, it includes news, features and photographs re� ecting the mission and life of Catholic parishes, schools and people in the diocese. The Westminster Record costs just 20p, and can be bought in most parishes in the diocese.

Diocesan Year Book

The 2015 Diocesan Year Book contains full listings of Catholic parishes, priests, schools and societies. To be published in November 2014, it also includes the 2015 Liturgical Calendar. To order a copy please contact [email protected]



Keep in touch with the Diocese of Westminster

Documents

2013 Annual Report and Accounts