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2021-12-31-accounts

ABLE OF CONTENTS Page Numbers
Legal Objects
Strategic Report:
Strategic Aims 4
Objectives forthe year 5
Activities and Achievements in the year 6
Future plans 7
Financia I review 8
Principal
risks and uncertainties		 13
Structure
and Governance		 14
Trustees Responsibilities 20
Administrative
details		 21
Independent
Auditors
Repo'rt		 23
Statement of Financial Activities 26
Income and Expenditure Account 27
Balance Sheet 28
Cash Flow Statement
Notes to the Financiai Statements 30

The CCLA investments
total return		 The CCLA investments
total return		 performance against the benchmarks in 2021were:
Fund Benchmark
CBFChurch of England Investment
Fund		 +17.46% +16.96%
CBFChurch of England Property Fund +19.74% +17.88%

LEEDS DIOCESAN BOARD OF FINANCE LEEDS DIOCESAN BOARD OF FINANCE LEEDS DIOCESAN BOARD OF FINANCE LEEDS DIOCESAN BOARD OF FINANCE LEEDS DIOCESAN BOARD OF FINANCE
Senior staff and advisers
Diocesan Secretary Jonathan
Wood
Chief Financial Officer Geoff Park
Director of Ministry and Mission
The Revd Canon Andrew		 Norman
Director ofEducation Canon Richard Noake
Director ofStrategy Implementation
John Knox
&Head ofProperty
Director ofPeople and Engagement
Anna Mitchell
Director ofChurch Revitalisation
The Revd Jude Smith
Director ofCommunications
Chris Tate
Registered
Office:		 Church
House, 17-19York Place, Leeds, LS12EX
Princi pa I Bankers Santander, 44 Merrion Street, Leeds, LS2 8JQ
Yorkshire
Bank pic, 6-10Northgate,
Wakefield, WF1 1TA
NatWest Bank pic, Leeds City Office, 8 Park Row, Leeds, LSl 1QS
Barclays Bank pic, PO Box245, 10Market Street, Bradford, BD11XW
Auditors Saffery Champness
LLP, Mitre House, North Park		 Road, Harrogate HG1 SRX
Diocesan Registrar David Whitaker,
Lupton Fawcett
LLP
Yorkshire House, East Parade, Leeds, LS1SBD
Investment
advisers		 CCLA Investment
Management
Ltd
Senator House, 85 Queen Victoria Street, London, EC4V 4ET
Glebe Agents Dacre Son & Hartley, Station Road, Otley, LS213DR
Stephenson
&Son, York Auction Centre, Murton,		 York, YO19 SGF
Cartar Jonas, 9 Bond Street, Leeds LS12JZ
Insurance Brokers PIB Insurance
Brokers, Poppleton
Grange, York, YO26 6GZ
Principal lnsurers EIG, Beaufort House, Brunswick
Road, Gloucester,		 GL1 1JZ

Unrestricted funds Restricted EndowmentTotal
funds		 EndowmentTotal
funds		 Total funds
General Designated Funds Funds 2021 2020
Note E'000 E'000 f'000 E'000 E'000 f'000
Income and endowments
from:
Donations
Parish contributions 11,989 11,989 11,709
Archbishop's
Council		 4,074 1,542 5,616 6,045
Other donations 402 162 564 1,605
Charitable
activities		 3 1,483 1,483 1,300
Other activities 4 903 8 911 793
Investments 5 681 347 49 1,077 1,077
Other 6 408 234 152 794 466
Total 19,940 2,293 201 22,434 22,995
Expenditure
on:
Raising funds 7 54 54 97
Charitable
activities		 8 21,126 9 1,693 12 22,840 22,515
Pension deficit valuation
movements 27 (250) (250) (3)
Other 9 170 72 242 193
Total 21,100 9 1,693 84 22,886 22,802
Net (expenditure)/income
before investment gains (1,160) (9) 600 117 (452) 193
Net gains on investments 674 2 1,540 2,262 4,478 1,107
Net (expenditure)/income (486) (7) 2,140 2,379 4,026 1,300
Transfers between funds 14 3,641 1,809 (5,450)
Net movement
in funds		 3,155 (7) 3,949 (3,071) 4,026 1,300
Toiai funds brought forward 21 49,059 961 16,243 133,796 200,059 198,759
Total funds carried forward 22 52,214 954 20,192 130,725 204,085 200,059
Total Total
2021 2020
Ei000 E QQQ
Total Income 22,233 22,938
Expenditure (22,802) (22,703)
Operating
(deficit)/surplus		 for the year (569) 235
Net gains on investments 2,216 632
Net income for the year 1,647 867
Other comprehensive income:
Net assets transferred from/(to) endowments 5,450 (809)
Total comprehensive income 7,097 58

Company
Number —SS23593		 Company
Number —SS23593		 2021 2020
Note E'000 f'000 E'000
FIXEDASSETS
Tangible assets 16 156,396 159,232
Investments 17 40,486 35,866
196,882 195,098
CURRENT ASSETS
Assets held for resale 990 1,225
Debtors 1,034 1,079
Cash on deposit 7,114 6,912
Cash at bank and in hand 2,759 1,495
Agency cash 3,673 3,662
15,570 14,373
CREDITORS: amounts falling
due within one year 19 (6,003) (5,765)
NET CURRENT ASSETS 9,567 8,608
TOTAL ASSETS LESSCURRENT
LIABILITIES 206,449 203,706
CREDITORS: amounts falling due
after more than one year
Pension scheme liabilities 20 (958)
Other creditors 20 (2,364) (2,689)
NET ASSETS 204,085 200,059
FUNDS
Endowment
funds		 130,725 133,796
Restricted income funds 20,192 16,243
Unrestricted
income		 funds: 52,214 49,059
Designated
funds		 954 961
TOTAL FUNDS 22 204,085 200,059

2021 2020
f'000 E'000 E'000 E'000
Net cash from operating activities (2,942) (992)
Cash flows from investing activities
Dividends,
interest and rent from investments		 1,077 1,077
Interest paid 7 (123)
Proceeds from the sale of:-
Tangible fixed assets 4,171 2,011
Fixed asset investments 3,084
Purchase of:-
Tangible fixed assets for the use of the LDBF (555) (690)
Fixed asset investments (142) (3,255)
Net cash provided
by investing
activities		 4,558 2,104
Cash flows from financing activities
Loans repaid to LDBF 26
VLLs repaid due to property
disposal		 (55) (131)
Permanent
loans repaid		 (110) (115)
Net cash used in financing
activities		 (139) {246)
Change
in cash and cash		 equivalents in the
reporting
period		 1,477 866
Cash and cash equivalents at 1January 12,069 11,203
Borrowings
excluding overdrafts
Cash and cash equivalents at31December 13,546 12,069
Reconciliation
ofnet income before		 investment gains
Net (expense)/income
before investment		 gains 31 (452)
December
Adjustments
for:
Depreciation
charges		 6 6
Dividends,
interest and rent from investments		 {1,077) (1,077)
Interest paid (7) 123
Loss on sale offixed assets 242 98
Profit on sale offixed assets (793) (289)
Pension deficit valuation movements (250)
Decrease/(Increase)
in debtors		 19 (83)
(Decrease)/increase
in creditors		 {630) 37
Net cash provided
used in operating		 activities {2,942) (992)
Analysis ofcash and cash equivalents
Cash in hand 6,432 5,157
Notice deposits (less than 3 months) 7,114 6,912
13,546 12,069

contrib utions
Unrestricted funds Restricted Endowment Total Total
funds funds
General Designated Funds Funds 2021 2020
E'000 E'000 E'000 E'000 E'000 K'000
Apportionment 15,474 15,474 15,588
Shortfall in receipts (3,877) (3,877) (4,099)
11,597 11,597 11,489
Previous years share 217 217 117
Voluntary share 175 175 103
Total Income 11,989 11,989 11,709

ishops'
Council
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2021
2021 f'000 f.'000 f'000 f'000 f'000
Transition Funding and 3,124 3,124
Lowest Income
Sustainability Grant 950 950
RME Grant 429 429
SDFGrant 974 974
SMF Grant 139 139
Total Income 4,074 1,542 5,616
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2020
2020 f'000 f'000 f'000 f'000 f'000
Transition
Funding		 and 3,187 3,187
Lowest Income
Sustainability Grant 1,026 1,026
RME Grant 359 359
SDF Grant 1,473 1,473
Total Income 4,213 1,832 6,045

r donations
Unrestricted funds Restricted Endowment Total
General Designated Funds Funds Funds
2021 f'000 f'OOD f'000 f'000 f'000
All Churches Trust Grant 285 285
Job Retention 76 76
Property Grants 11 11
Other Grants 30 20 50
Legacies 142 142
402 162 564

Unrestricted funds Restricted Endowment Total
General
Designated		 Funds Funds Funds
2020 f'000 f'000 f'000 f'000 f'000
All Churches Trust Grant 302 302
Job Retention 244 244
Property Grants 6 6
Other Grants 33 20 53
Other donations 1,000 1,000
1,585 20 1,605

Unrestricted funds Restricted Endowment Total funds Total funds
General Designated Funds Funds 2021 2020
f.'000 f'000 f'000 f'000 f'000 f'000
Statutory fees 979 979 904
Legal &Professional 64 64 79
School Services 283 283 248
Retreat Centre 157 157 69
1,483 1,483 1,300

Unrestricted funds Restricted Endowment Total funds
General
Designated		 Funds Funds 2021
2021 f.'000 f'GOO f.'000 F.'000 f'000
Housing income 724 724
Outside funding 8 8
School income 8
Training income 48 48
Miscellaneous 123 123
903 911
Unrestricted funds Restricted Endowment Total funds
General
Designated		 Funds Funds 2020
2020 f'000 f'000 f'000 f'000 f'000
Housing income 685 685
Outside Funding 5 5
Training income 16 16
Miscellaneous 87 87
793 793

Unrestricted funds Restricted Endowment Total
General Designated Funds Funds Funds
2021 f'000 f'000 f'000 f'000 f'000
Dividends receivable 677 347 49 1,073
Interest receivable 4 4
681 347 49 1,077
2020 f'000 f'000 f'000 f'000 f'000
Dividends receivable 633 366 49 1,048
Interest receivable 21 5 3 29
654 371 52 1,077

Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2021
2021 f'000 f'000 f'000 f'000 f'000
Gain on sale ofproperties 408 234 152 794
408 234 152 794
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2020
2020 f'000 F.'MO f'000 f'OM f'000
Gain on sale ofproperties 289 172
289 172 466

Unrestricted funds Restricted Endowment Total funds Total funds
General Designated Funds Funds 2021 2020
f'000 f'000 F'OM f'000 F.'000 f QQQ
Maintenance ofGlebe 54 97
54 97

Unrestricted funds Restricted Endowment Total funds
2021 General Designated Funds Funds 2021
E'000 E'000 E'000 E'000 E'000
Contributions
to
Archbishops'
Council
Training for Ministry 500 500
National
Church
Responsibilities 392 392
Mission agency pension
costs 22 22
Retired clergy housing
costs 184 184
Pooling ofordinands
maintenance
grants		 154 154
1,252 1,252
Resourcing
Ministry		 and
Mission
Stipends and national
insurance 8,815 340 9,155
Pension contributions 2,522 78 2,600
Housing costs 3,374 35 3,409
Removal, resettlement
and grants 314 314
Other expenses 200 200
15,225 453 15,678
Support for parish ministry 3,746 1,142 12 4,909
Retreat Centre 212 212
19,183 1,595 12 20,799
Expenditure
on Education
Church Schools 691
21,126 1,693 12 22,840

Unrestricted funds Restricted Endowment Total funds
2020 General Designated Funds Funds 2020
f'000 f'000 f'000 f'000 f'000
Contributions
to
Archbishops'
Council
Training for Ministry 500 500
National
Church
Responsibilities 417 417
Mission agency pension
costs 19 19
Retired clergy housing
costs 179 179
Pooling ofordinands
maintenance
grants		 168 168
1,283 1,283
Resourcing
Ministry		 and
Mission
Stipends and national
insurance 8,921 8,921
Pension contributions 2,051 2,051
Housing costs 3,315 3,315
Removal, resettlement
and grants 187 187
Other expenses 189 189
14,663 14,663
Support for parish 3,676 142 1,922 5,743
ministry
Retreat Centre 157 157
18,496 142 1,922 20,563
Expenditure
on
Education
Church Schools 623 46 669
20,402 142 1,968 22,515

Unrestricted funds Restricted Restricted Endowment Total
2021 General Designated Funds Funds Funds
f'000 f'000 f'000 f'000 f.'000
Loss on Sale ofProperties 170 72 242
170 72 242
Unrestricted funds Restricted Endowment Total
2020 General Designated Funds Funds Funds
f'000 f'000 f.'000 f'000 f'000
Funds returned to parish 96 96 192
Loss on Sale ofProperties 1
96 96 193
ANALYSIS OF EXPENDITURE INCLUDING ALLOCATION OF SUPPORT COSTS
Activities Grant
Undertaken Funding of Support Total
Directly Activities Costs Costs
2021 f'000 f'000 f.'000 f'000
Raising funds 54 54
Charitable
activities".
Contributions to Archbishops' Council 1,252 1,252
Resourcing parish ministry 18,882 645 1,060 20,587
Clergy pension deficit valuation 14 14
Education 639 150 789
Retreat Centre 212 212
Lay pension deficit valuation (264) (264)
Other 242 242
19,779 1,897 1,210 22,886
2020 f'000 f'000
Raising funds 97 97
Charitable
activities:
Contributions to Archbishops' Council 1,283 1,283
Resourcing parish ministry 19,133 475 799 20,407
Clergy pension deficit valuation (25) (25)
Education 538 130 668
Retreat Centre 157 157
Lay pension deficit valuation 22 22
Other 193 193
20,115 1,758 929 22,802

Unrestricted funds funds Restricted Endowment Total Total
funds funds
General Designated Funds Funds 2021 2020
f'000 f'000 f'000 f.'000 f.'000 f000
Central
administration		 770 770 529
Supportfor
Schools		 150 150 130
Governance:
External audit 30 30 28
Registrar and
Chancellor		 241 241 242
Synodical costs 19 19
1,210 1,210 929
2020 comparatives are for the general fund only.
ANALYSIS OF GRANTS MADE
2021 No. Individuals Institutions Total
F.'000' i'000 f000
From
unrestricted		 funds for
national
Church responsibilities
Contributions
to		 Archbishops' 12 1,252 1,252
Council
From unrestricted funds:
Ecumenical/
Churches		 Together
organisations
Clergy Training 754 49 49
Clergy Grants (Removal, First 225 315 315
appointment,
resettlement)
Ordination 33 29 29
Vocation grants 434 151 151
Mission Grants 51 24 24
1,498 544 30 574
From restricted funds for
various purposes within
resourcing
parish		 ministry:
Clergy 26 29 29
26 29 29
From endowment funds for
various purposes within
resourcing
parish		 ministry:
Widows and dependants of 14 42 42
clergy
1,550 573 1,324 1,897

2020 No. Individuals Institutions Total
E'000 E'000 EOOO
From
unrestricted
funds		 for
national
Church		 responsibilities
Contributions
to		 Archbishops' 12 1,283 1,283
Council
From unrestricted funds:
Ecumenical/
Churches Together
organisations
Clergy Training 696 47 47
Clergy Grants {Removal, First 125 187 187
appointment,
resettlement)
Ordination 28 23 23
Vocation grants 514 160 160
Mission Grants 45 32 32
Youth
1,408 417 32 449
From restricted funds for
various purposes within
resourcing
parish		 ministry:
PCCs' Building Grants 10 8
Widows and dependants of 20 17 17
clergy
30 17 25
From endowment funds for
various purposes within
resourcing
parish		 ministry:
Widows and dependants of
clergy
1,451 435 1323 1,758

STAFF COSTS
2021 2020
E'000 E'000
Employee costs during the year were as follows:
Wages and salaries 2,840 2,761
National
insurance		 contributions 270 253
Pension contributions 226 223
Sub-total 3,336 3237
Pension deficit valuation movements (264) 22
Total Staff Costs 3,072 3,259
The average number of persons employed by the LDBF during 2021were:
2021 2020
Number Number
Support for Ministry 79 79
Education 11 11
Retreat House 11 12
101 102
The average number of persons employed by the
LDBFduring the year based on full-time equivalents:
2021 2020
Number Number
Support for Ministry 63 62
Education 11 11
Retreat House 6 6
80 79
excluding
Pension contributions)
amounted
to m		 ore than f60,000were as follows:
2021 2020
Number Number
E60,001- E70,000 2 1
E70,001 - E80,000 1 2
E80,001 - E90,000 1

Diocesan Secretary Jonathan
Wood
Chief Finance Officer Geoff Park
Director of Ministry Ik Mission The Revd Canon Andrew Norman
Director of Education Canon Richard Noake
Director ofStrategy Implementation John Knox
g. Head of Property
Director ofPeople and Engagement Anna Mitchell
Director of Church Revitalisation The Revd Jude Smith
Director ofCommunications Chris Tate

Stipend Housing
The Right Revd Anthony Robinson No Yes
The Right Revd Helen-Ann Hartley No Yes
The Right Revd Paul Slater No Yes
The Right Revd Toby Howarth No Yes
The Right Revd Jonathan Gibbs No Yes
The Revd Nigel Wright Yes Yes
Revd Canon Kathryn
Fitzsimons		 Yes Yes
The Revd Canon Samuel Corley Yes Yes
The Ven Andy Jolley Yes Yes
The Ven Paul Ayers Yes Yes
The Revd Rachel Firth Yes Yes

The LDBF The LDBF paid an average average of320(2020-317)stipendiary clergy as office-holders holding parochial or
diocesan appointments in the Diocese, and the costs were as follows:
2021 2020
E'000 E'000
Stipends 8,106 8,234
Apprentice Levy 38 3?
National insurance contributions 671 650
Pension contributions 2,509 2,051
Sub-total 11,324 10,972
Pension deficit valuation movements 14 (25)
Total 11,338 10,947

Unrestricted Unrestricted funds Restricted Endowment
General Designated Funds Funds
I'000 E'000 E'000 E'000
From General fund to Stipends endowment for
reduction ofpension deficit (532) 532
Transfer ofPension funds to General Funds to support
clergy pension deficit payments
Transfer ofPastoral funds to General		 Funds to support 50 (50)
mission and pastoral activities and clergy pension
deficit payments 612 (612)
Transfer ofS554funds to General Funds to support
Board ofEducation
expenditure		 300
Transfer of Inglefield funds to General Funds to support
Lay and Clergy education 40 (40)
Transfer ofTraining for Ministry funds to General Funds
to support
ordinands'		 training. 30 (30)
Benefice transfer of housing assets 3,141 (3,141)
Transfer of proceeds from the sale of Parsonage Houses
tothe Pastoral Account 2,791 (2,791)
3,641 1,809 (5,450)

Freehold Office Benefice School Glebe
properties equipment properties House properties Total
Cost or valuation f'000 f'000 f'000 f'000 f'000
At 1January 2021 46,046 821 96,906 308 16,040 160,121
Additions 516 39 555
Disposais (1,270) (1,125) (2,395)
Reclassified
in period		 3,141 (3,141)
Transfer to/from (640) (350) (990)
properties for resale
At 31December 2021 47,793 821 92,329 308 16,040 157,291
Depreciation
At 1January 2021 821 68 889
Charge for the year 6 6
At31December 2021 821 74 895
Net Book Value
At 31December 2021 47,793 92,329 234 16,040 156,396
At 31December 2020 46,046 96,906 240 16,040 159,232

17. FIXED ASS ETS INVESTME NTS
At Changein At 31
1January Transfers Market December
2021 Additions Disposals Value Value 2021
K'000 f'000 f'000 f'000 f'000 f'000
Unrestricted funds
Unlisted investments 4,698 732 674 6,104
Designated funds
Unlisted investments 14 16
Restricted funds
Unlisted investments 10,655 (687} 1,540 11,508
Endowment funds
Investment property 4,616 4,616
Unlisted investments 15,883 142 (45} 2,262 18,242
20,499 142 (45} 2,262 22,858
Total 35,866 142 4,478 40,486
18. DEBTORS
2021 2020
EOOD E'000
Due within one year
Loans to parishes 9 22
Other debtors and prepayments 986 1,005
995 1,027
Due after more than one year
Loans to parishes 39 52
39
Total debtors 1,034 1,079

CREDITORS: amount
falling		 due within one year
2021 2020
E'000 E'000
Loan repayment
instalments		 due in one year
Church Commissioners
value-linked
loans		 169
Church Commissioners
other		 loans 101 110
Other taxes and social security 71 68
Other creditors and accruals 4,933 4,746
Pension scheme liabilities:
Lay Defined Benefit Scheme 169 309
Clergy Pension Scheme 560 532
Total creditors: amounts
falling due within one year		 6,003 5,765
CREDITORS: amount
falling due after more than		 one year
2021 2020
E'000 f'000
Loan repayment
instalments		 due after more than one year
Church Commissioners
value-linked
loans		 1,912 2,136
Church Commissioners
other		 loans 452 553
Pension scheme liabilities:
Lay Defined Benefit Scheme 382
Clergy Pension Scheme 576
Total creditors: amounts
falling due after more than one year		 2,364 3,647
The maturity
of the above loans may be analysed		 as follows:
Less than one year 270 110
Between one and two years 100 101
Between two and five years 299 301
In five years or more 1,965 2,28?
2,364 2,689

2021 Balances at Balances at
1January Gains and 31December
2021 Income Expenditure Transfers Losses 2021
f'000 f'000 f'000 f'000 f'000 f'000
UNRESTRICTED FUNDS
General 49,059 19,940 (21,100) 3,641 674 52,214
DESIGNATED FUNDS
Archdeacons
Discretionary		 12 (1) 13
Ingrow Fund 28 (8) 20
Mission Fund 621 621
Carbon Reduction
Fund		 300 300
961 (9) 954
RESTRICTED FUNDS
Section 554 Education 6,829 260 (98} (300) 808 7,499
Clergy &Dependants hardship 84 21 (17) 8 96
funds
Bradford Summer Camps 1 1
Local Educational
Funds		 33 37
Retreat House support funds 31 31
Local Parochial purposes 13 13
Appeals &specific purposes 72 65
Clergy
&
lay		 stipend 142 142
augmentation
Church
building
repair		 funds 359 (12) 53 401
Pastoral Account 6,289 2,179 363 9,093
Managing
Trustees funds		 51 51
Inglefield
funds		 1,602 40 (40) 182 1,784
Training for ministry
funds		 815 452 (465) (30) 124 896
Strategic Development Funds 64 974 (955) 83
Strategic Ministry
Funds		 139 (139)
16,243 2,293 (1,693) 1,809 1,540 20,192
ENDOWMENT
FUNDS
Permanent
Stipends fund capital 16,067 1,878 1,824 19,769
Expendable
General purposes
&		 212 212
administration
support		 funds
Maintenance
of Ministry		 1,110 160 1,270
Pensions 100 2 (50) 14 66
Training for ministry
funds		 111 3 114
Clergy &dependants
hardship		 1,192 26 (12} 126 1,332
funds
Local Parochial purposes 541 592
Glebe Land 4,797 (181) 4,616
Church
building
repair		 funds 634 19 51 704
Glebe Properties 17,277 (72) (1,165) 16,040
Benefice Properties 91,460 151 (5,932) 85,679
Religious Education support 252 36 288
Appeal funds &specific purposes 43 43
133,796 201 (84) (5,450) 2,262 130,725
Total funds 200,059 22,434 (22,886) 4,478 204,085

LEEDS DIOCESAN BOARD OF F]NANCE 49
2020 Balances at Balances at
1January Gains and 31December
2020 Income Expenditure Transfers Losses 2020
E'000 l'000 E'000 L'000 f'000 E'000
UNRESTRICTED FUNDS
General 48,371 20,542 (20,497) 585 49,059
DESIGNATED FUNDS
Archdeacons
Discretionary		 12 (1) 12
Ingrow
Fund		 90 (62) 28
Mission
Fund		 700 (79) 621
Carbon Reduction
Fund		 300 300
1,102 (142) 961
RESTRICTED FUNDS
Section 554 Education 6,776 204 (46) (300) 195 6,829
Clergy &Dependants 75 21 (15) 3 84
hardship
funds
Bradford Summer Camps 1 1
Local Educational
Funds		 32 (2) 33
Retreat House support funds 31 31
Local Parochial purposes 13 13
Appeal &specific purposes 72 72
Church
building
repair funds		 436 1 (103) 25 359
Pastoral Account 6,781 268 (988) 228 6,289
Managing Trustees funds 51 51
fnglefield
funds		 1,536 42 (44) 68 1,602
Training for ministry
funds		 821 383 (380) (62) 53 815
Strategic Development Funds 107 1,475 (1,518) 64
16,732 2,396 (2,064) (1,394) 573 16,243
ENDOWMENT
FUNDS
Permanent
Stipends fund capital 14,833 938 295 16,067
Expendable
General purposes
&.		 212
administration
support funds
Maintenance
of Ministry		 1,038 71 1,110
Pensions 216 (129) 13 100
Training for ministry
funds		 103 2 6 111
Clergy &.dependants 1,110 29 (4) 57 1,192
hardship
funds
Local Parochial purposes 539 541
Glebe Land 4,792 4,797
Church
building
repair funds		 602 18 14 634
Glebe Properties 17,279 (2) 17,277
Benefice Properties 91,553 (93) 91,460
Religious Education support 235 17 252
Appeal funds &other specific 42 43
purposes
132,554 57 (99) 809 475 133,796
Total funds 198,759 22,995 (22,802) 1,107 200,059
22. SUMMARY OF ASSETS BYFUND SUMMARY OF ASSETS BYFUND SUMMARY OF ASSETS BYFUND SUMMARY OF ASSETS BYFUND
2021 Fixed assets Current Net:
Tangible Investments Assets Creditors Assets
E'000 E'000 E'000 E'000 E'000
Unrestricted
funds —General		 47,793 6,104 2,133 (3,816) 52,214
Unrestricted
-designated
Archdeacons
Discretionary		 16 (3) 13
Ingrow Fund 20 20
Mission
Fund		 621 621
Carbon Reduction
Fund		 300 300
16 941 (3) 954
Restricted
Section 554 Education 234 6,444 821 7,499
Clergy &.Dependants
hardship		 funds 56 40 96
Bradford Summer Camps 1 1
Local Educational
Funds		 23 36
Retreat House support funds 31 31
Local Parochial purposes funds 14 14
Appeals
&.specific purposes		 283 (218) 65
Clergy &lay stipend augmentation 142 142
Church building
repair funds		 421 65 (85) 401
Pastoral Account 2,781 2,316 3,996 9,093
Managing Trustees 51 51
Inglefield funds 1,415 369 1,784
Training for ministry
funds		 843 53 896
Strategic Development Funds 83 83
Schools LCVAP Building Programme 3,673 (3,673)
3,015 11,508 9,645 (3,976) 20,192
Endowment
Permanent
Stipends fund capital 4,219 14,685 1,424 (559) 19,769
Expendable
Benefice houses 85,329 350 85,679
General Purposes 212 212
Maintenance
of Ministry		 1,268 2 1,270
Glebe Property 16,040 16,040
Pensions 66 66
Training for Ministry 114 114
Clergy &Dependants
hardship		 funds 1,007 (13) 1.332
Local Educational
Funds		 111 111
Local Parochial
purposes		 funds 404 188 592
Glebe Land 4,616 4,616
Church
building
repair funds		 408 296 704
Religious Education support funds 177 177
Appeal
funds
&
other		 specific 2 41 43
purposes
105,588 22,858 2,851 (572) 130,725
Total funds 156,396 40,486 15,570 (8,367) 204,085

2020 Fixed Assets Current Net
Tangible investments Assets Creditors Assets
E'000 E'000 E'000 E'000 E'000
Unrestricted
funds —General		 46,046 4,698 2,930 (4,615) 49,059
Unrestricted
-designated
Archdeacons
Discretionary		 14 1 (3) 12
Ingrow Fund 28 28
Mission Fund 621 621
Carbon Reduction
Fund		 300 300
14 950 (3) 961
Restricted
Section 554 Education 240 5,636 953 6,829
Clergy &Dependants hardship 49 35 84
funds
Bradford Summer Camps 1 1
Local Educational
Funds		 12 21 33
Retreat House support funds 31 31
Local Parochial purposes funds 13 13
Appeals &specific purposes 75 (3) 72
Church
building
repair		 funds 367 13 (21) 359
Pastoral Account 2,781 2,565 943 6,289
Managing
Trustees		 51 51
lnglefield
funds		 1,273 329 1,602
Training for ministry
funds		 753 62 815
Strategic Development Funds 6A 64
Schools LCVAP Building Programme 3,662 (3,662)
3,021 10,655 6,253 (3,686) 16,243
Endowment
Permanent
Stipends fund capital 4,219 12,719 237 (1,108) 16,067
Expendable
Benefice houses 89,906 1,554 91,460
General Purposes 212 212
Maintenance
of Ministry		 1,109 1 1,110
Glebe Property 16,040 1237 17,277
Pensions 100 100
Training for Ministry 111 111
Clergy &Dependants hardship funds 881 311 1,192
Local Educational
Funds		 97 1 98
Local Parochial
purposes		 funds 353 188 541
Glebe Land 4,616 181 4,797
Church
building
repair		 funds 357 277 634
Religious Education support funds 154 154
Appeal
funds
&
other		 specific 2 41 43
purposes
110,165 20,499 4,240 (1,108) 133,796
Total funds 159,232 35,866 14,373 (9,412) 200,059
23. DESCRIPTION OF DESCRIPTION OF DESCRIPTION OF FUNDS
Funds included
in		 this
Fund category Purpose category
General fund The general
fund isthe		 LDBF's unrestricted
undesignated
fund available for any		 ofthe
LDBF's purposes without restriction,
Archdeacons Represents
grants received set aside		 to be used
Discretionary Fund at the discretion ofArchdeacons.
Ingrow Fund Funds from the bequest of Nora Curry left for
the benefit ofthe parish of Ingrow.
Mission Fund Funds to support future SDFprojects and the
creation ofa Parish Growth
Fund.
Carbon Reduction Fund Funds to enable adjustments
to our buildings
that reduce their carbon footprint
Section 554 Established
under S86of		 the Education
Act
1993.Capital monies to develop or build new
or existing voluntary
aided schools or maintain
such schools or contribute to educational
purposes.
Clergy and dependents Funds to provide relief of clergy and their Clergy Stipend Trust, Clergy
hardship funds dependents
in financial		 hardship. Widows and Dependents,
Queen Victoria Trust, Leeds
Diocese Charitable Society
Trust, Aid to Parish Clergy,
Widows, Clergy Retirement,
Education Grants
Bradford Summer Funds to provide support to children &youths
Camps Bursary to enable them to attend summer
camps in
cases offinancial
hardship.
Local educational funds For educational
purposes		 in the areas named Shipley curn Heaton District
CofE School Trust, Keighley St
Peter Educational
Trust
Retreat House support Support towards the Diocesan Retreat House Friends of Parcevall Hall,
funcls Parcevall Hall Bursary
Local Parochial For general parochial
purposes
in the		 area North Wing Mission, Guiseley
purposes funds named. Carleton, Keighley All Saints
McNish
Appeals and special Funds comprise donations received for specific Interfaith fund, Youth
purposes funds appeals and purposes,
including
work		 in Links Evangelism,
Special		 Appeals,
Dioceses. Northern Sudan,
Kadugli
Appeal, Church
in the World,
TM Wright Sudan relief, St
Martin
in		 the Field,
Duker {deafministry)

Fund category Fund category Fund category Purpose Funds included Funds included Funds included Funds included in this in this
category
Church building repair For repairs to churches ofthe Evangelical The First Lord Grimethorpe
funds tradition
in the Church of England
within the		 Charity, Church building
Diocese. fund, Harrogate Churches,
Church Building Repair, Davy
bequest
Strategic Development Funds major change projects which lead to a
Funds significant
difference
in dioceses' mission and
financial strength.
Strategic Ministry Provides financial support for growth
in the
Funds number ofclergy by funding
curates
Clergy $.Iay stipend Funds for the augmentation
ofclergy and lay
augmentation stipends
Pastoral Account This fund includes the proceeds of buildings
closed for regular public worship,
parsonages
and land sales. The purpose for which this
account may be used are laid down
in Section
94ofthe Pastoral Measure 2011.
Inglefield Created from sale ofDiocesan Retreat House at
Barrowby,
and assets transferred
from the
Booker Bequest. Income used to aid Diocesan
Synod, conferences
and theological
courses.
Training for ministry Income used towards cost oftraining Resourcing Ministerial
ordinands. Education (RME)
General purposes and Funds from bequests to be used to support
administration administration
and general
purposes
Maintenance
of		 Funds from bequests to be used to support
ministry stipends
in specific parishes
Pensions Funds from bequests to be used
in supporting
clergy pensions.
Funds to provide Funds to support the provision
of loans to assist
church building repair major works to be carried out on church
loans buildings. Loan fund, Kiddle Bequest
Stipends Fund Capital The income ofthe fund can only be used for
clergy stipends
(but since 1993capital can be
used for improvements
to parsonage
houses)
and is governed
by the Diocesan Stipends
Measure 1953.

Dec2021 Dec 2020 Dec2019
Discount rate 0.0%pa 0.2%pa 1.1%pa
Price inflation n/a 3.1%pa 2.8%pa
Increase to total pensionable payroll -1.5%pa 1.6%pa 1.3%pa

2020
Balance sheet liability at 1January 691,000 978,000
Deficit contribution
paid		 (258,000) (309,000)
Interest cost (recognised in SoFA) 1,000 9,000
Remaining
change to balance sheet liability*(recognised		 in SoFA) (265,000) 13,000
Balance sheet liability at 31December 169,000 691,000

has been valued
using the following
payments:		 assumptions,
set by ref		 erence to the duration
o		 f the deficit recovery
Discount rate December 2021 December 2020 December 2019
Leeds DBF(Bradford) DBS 0.00'/o 0.30/o 1.20/o
Leeds DBF(Bradford 5 Ripon
Education Team) DBS 0.00/o 0.30/o 1.20/o
Leeds DBF (Wakefield)
DBS		 1.309o 0.30/o 1.20/o
Leeds DBF(Ripon 5 Leeds) DBS 0.009o 0.30/o 1.20/o