Diocese of Westminster Annual Repor t & Accounts 2020
Consolidated statement of financial activities – Year to 31 December 2020
Income: Donations and legacies . Grants receivable . Growing in Faith . Other donations and legacies Assessments Other trading activities . Commercial trading operations Investment income and interest receivable Charitable activities . Rental income from functional properties . Parish and similar activities . Coronavirus Job Retention Scheme funding . Grants receivable Other income . Net gains on disposal of tangible fixed assets Total income Expenditure: Cost of raising funds . Fundraising trading: cost of goods sold and other costs Charitable activities .A dvancement of the Catholic faith primarily in the Diocese of Westminster Total expenditure Net (expenditure) income before transfers and investment gains Transfers between funds . Growing in Faith . Assessments . Other
Net income (expenditure) before investment gains Net gains on investments Net income for the year Actuarial (losses) gains Net movement in funds Reconciliation of funds Total funds brought forward at 1 January Total funds carried forward at 31 December
Curial funds
Parochial funds
Unrestricted Restricted funds funds £’000 £’000 Notes
Total Restricted funds funds £’000 £’000
Total 2020 £’000
Total 2019 £’000
1 1 1 2
– – 626 126
165 70 1,906 –
165 70 2,532 126
– – 23,589 –
165 70 26,121 126
112 863 31,148 146
3 4
92 1,108
– 249
92 1,357
71 2,601
163 3,958
775 4,786
5
422 1,204 434 –
– 554 202 13,715
422 1,758 636 13,715
836 3,258 1,427 –
1,258 5,016 2,063 13,715
2,012 10,240 – –
408 4,420
971 17,832
1,379 22,252
3 31,785
1,382 54,037
1 50,083
3
60
–
60
208
268
466
6
10,910 10,970
13,204 13,204
24,114 24,174
25,704 25,912
49,818 50,086
43,899 44,365
7
(6,550)
4,628
(1,922)
5,873
3,951
5,718
– 6,747 742 7,489
(504) – (882) (1,386)
(504) 6,747 (140) 6,103
504 (6,747) 140 (6,103)
– – – –
– – – –
939 792 1,731 (679) 1,052
3,242 2,579 5,821 – 5,821
4,181 3,371 7,552 (679) 6,873
(230) 5,190 4,960 – 4,960
3,951 8,561 12,512 (679) 11,833
5,718 12,124 17,842 590 18,432
39,903 40,955
48,128 53,949
88,031 94,904
211,149 216,109
299,180 311,013
280,748 299,180
5 5 5
2
12 8
All of the Group’s activities derived from continuing operations during the above two financial periods. A full comparative consolidated statement of financial activities may be found on page 81.
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