2023-08-31-accounts

Annual	report
	Legal objects
	Aims and Objectives
	Achievements in the year
	Future Plans
	Financial review
	Structure and Governance
	Trustees' responsibilities
	Administrative details
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
Notes	to the Financial Statements	9-15

							Unrestricted	Restricted	Total Funds	Total Funds
							Funds	Funds	2023	2022
						Note	E	E	E	E
Income from
Diocesan course	fees					2	212,530		212,530	193,644
Income from charitable				activities:
Otherincome							49,819	229	50,048	8,526
Other course fees							40,839		40,839	52,656
Bank Interest							2,169		2,169	217
Totalincome							305,357	229	305,586	255,043
Expenditure on
Charitable activities						3	335,597	600	336,197	301,066
Total expenditure							335,597	600	336,197	301,066
Net expenditure	before investment				(losses)/gains	4	(30,240)	(371)	(30,611)	(46,023)
Net gain/(loss) on investment
Unrealised gain/(loss)			on investment		assets	8'	765		765	(1,378)
Net expenditure							(29,475)	(371)	(29,846)	(47,401)
Reconciliation of	funds
Total funds brought		forward					225,661	1,489	227,150	274,551
Total funds as at	31	August 2023				13	196,186	1,118	197,304	227,150

						Note	2023	2022
							6	f
Fixed assets
Tangible assets								351
Investments						8	69,316	68,551
							69,316	68,902
Current assets
Debtors						9	20,489
Cash at bank							131,022	179,536
							151,511	179,536
Creditors: amounts	falling due within		one year			10	(23,523)	(21,288)
Net current assets							127,988	158,248
Total assets less current		liabilities					197,304	227,150
Net assets							197,304	227,150
The funds ofthe charity
Unrestricted income funds( including			investments	revaluation	reserve of
f38,552 (2021:f39,930)						13	196,186	225,661
Restricted income funds						13	1,118	1,489
Total Funds							197,304	227,150

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						Unrestricted	Unrestricted	Total Funds	Total Funds
	2 Diocesan		course fee income				Funds	2023	2022
							f		f
	Durham	Diocesan Board of Finance					156,090	156,090	132,659
	Newcastle		Diocesan		Board of Finance		56,440	56,440	45,119
							212,530	212,530	177,778
						Unrestricted	Restricted	Total Funds	Total Funds
3	Costs ofcharitable			activity by activity type		Funds	Funds	2023	2022
							f	f		f
	Academic costs					273,817		273,817	239,754
	Administration		costs			58,899		58,899	57,506
	Governance	costs				2,881		2,881	2,904
	Grants given						600	600		902
						335,597	600	336,197	301,066
4	Net expenditure			for the year
	This is stated		after charging:
							2023	2022
							f	E
	Depreciation						351	326
	Independent		examination		fee		1,710	1,710

Employee details	Employee details
The average headcount		during the	year was as follows
				2023	2022
				No	No
Academic staff				3.0	3.0
Administrative staff				2.9	2.9
				5.9	5.9
The average number	ofemployees		during
the year, calculated	on	the basis of	full-time
equivalents, was as	follows:
				2023	2022
				No	No
Academic staff				2.0	2.0
Administrative staff				1.2	1.2
				3.2	3.2
Total staff costs were as follows:
				2023	2022
				f	E
Wages and salaries				158,938	151,402
Social security costs				13,829	14,577
Other pension costs				14,971	14,822
Movement in pension		liability
				187,738	180,801

7	Tangible Asse	ts
			Computers,
			Equipment &
			Furniture
			f
	At cost
	At 1September 2022		5,434
	At 31August	2023	5,434
	Accumulated	depreciation
	At 1September 2022		(5,083)
	Charge for the year		(351)
	At 31August	2023	(5,434)
	Net book value at 31August 2023
	Net book value at 31August 2022		351
8	Investments
			Listed
			investments
	Within the United Kingdom
	At 1September 2022		68,551
	Revaluations		765
	At 31August	2023	69,316
	Historic Cost	at 31August 2023	30,000
9	Debtors
			2023	2022
			f	f
	Trade debtors		13,777
	Prepayments	and accrued income	6,712
			20,489

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90ofpensionable	stipends	January 2018to	January 2021to
		December 2020	December 2022
Deficit repair contributions		11.99o	7.19o

				2022		2021
Balance sheet liability at	1January				2,000	4,000
Deficit contribution paid					-1,000	-2,000
Interest cost (recognised	in SoFA)				0	0
Remaining change to the	balance sheet liability*	(recognised	in SoFA)		-1,000	0
Balance sheet liability at	31December					2,000

		December 2022	December 2021	December 2020
Discount rate		n/a	0.090 pa	0.2%pa
Price inflation		n/a	n/a	3.1%pa
Increase to total pensionable	payroll	n/a	-1.59o pa	1.6%pa

Summary		of	fund movements
				Balance at 1	Incoming	Outgoing	Gains and	Balance at
				Sep 2022	resources	resources	losses	31Aug 2023
				f	f	f	f	f
Unrestricted			Income Funds:
General	Funds			225,661	305,357	(335,597)	765	196,186
Restricted		Funds		1,489	229	(600)		1,118

							Net
							current	Long term
					Fixed	assets	assets	liabilities	Total
						f	f	f	f
Unrestricted			Income	Funds:
General	Funds					69,316	126,870		196,186
Restricted		Funds					1,118		1,118

				Net
				current	Long term
			Fixed assets	assets	liabilities	Total
				f	f	f
Unrestricted		Income Funds:
General Funds			68,902	156,759	0	225,661
Restricted	Funds			1,489		1,489
Total Funds			68,902	158,248	0	227,150