Diocesan Accounts 2016 now online
The finalised accounts for the Diocese of Arundel & Brighton are now available to view online.
The Accounts state: "Since the publication of the last Annual Report and Accounts, the Diocese has continued its focus on Formation, Prayer and Mission. A number of new initiatives have been put in place to bring together the young people of the Diocese, both with the Bishop and in a number of the Deaneries of the Diocese. These initiatives are now well embedded in the life of the Diocese. Much work has also been done in the formation of the younger age groups and in Formation for Marriage and Family Life. A project aimed at responding to the needs of Refugees has been welcomed and the response has been very encouraging. This project will continue to respond to those who are most vulnerable in today’s world.
During this last year, the Education Service has continued to develop the Multi-Academy Trust strategy. Two MATs are now operational and much good progress is being made with two others. In time, this strategy will be completed across the Diocese.
The range of programmes available at the Diocesan Retreat Centre and at the Catholic Education Centre continues to develop and attract significant numbers of participants. This provision is key to the mission of the Charity.
The Diocese now employs both a part-time HR Officer and a part-time Buildings Officer. Both have settled to their roles and their work is proving fruitful.
Diocesan income remained steady in 2016 at £25.6 million (£25.7 million in 2015). Expenditure increased to £27.1 million (£24.3 million in 2015) as a result of expanding the Supported Living programme in St Joseph’s Specialist School & College in Cranleigh, and property projects across the Diocese. Net income, after changes in investment values, was £1.3 million (£1.2 million in 2015). The increase in the value of investments was £2.9 million (£0.3 million decrease in 2015). There was a cash outflow of £5.6 million (£1.2 million in 2015). This is largely caused by timing differences in the receipt of school fees at St Joseph’s Specialist School and College in Cranleigh. Overall Diocesan funds increased to £88.3 million (£87.1 million in 2015).
The income and expenditure of the Diocesan Trust is set out in three principal components: Parishes, Central Diocese and Schools. The basis of charitable expenditure is made by reference to the objectives of the charity: the advancement of the Roman Catholic religion and education. The thirty connected Trusts are incorporated into the results for the area of the Diocese to which they relate. Twenty-eight of the connected Trusts provide the land and church buildings for Parishes who maintain the properties and two are linked to activities of the Central Diocese (care for retired priests).
The financial statements comply with the Charities Act 2011, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) and in accordance with the accounting policies of the Diocese.
The majority of funds in the charity are raised and expended within each individual Parish or centre activity in support of its work. In addition to financing their own activities, Parishes also support the Diocese through the transfer of funds to cover both general and specific activities of the Diocese."
Read the full report online