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## 

||2022|2021|
|---|---|---|
|AllFunds|||
||£m|£m|
|Operating Deficit|(2.1)|(1.7)|
|Pension deticit movements|0.4|0.6|
|Sub-total|(1.7)|(1.1)|
|Other recognised galns and losses:|||
|Net gains/flosses) on investments|(5.0)|6,5|
|Unrealised gains on tangible fixed assets|(5.3)|14.6|
|Realised gains on tangible fixed assets|3,0|8.8|
|Net movementinfundsfortheyear|O.o)|28.8|



## 

## 

## 



## 

## 

## 

## 

## 



## 



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## 



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||2022|2021|
|---|---|---|
||£m|£m|
|OperatingDeficit|(2.1)|(1.7)|
|Pension deficit movements|0.4|0,6|
|Sub-total|(1.7)|(1.1)|
|Other recognised gains and losses:|||
|Net gains/flosses) on investments|(5.0)|6.5|
|Unreslised gains on tangible fixed assets|(5.31|14.6|
|Realised gains on tangible fixed assets<br>Netmovement 'infundsfortheyear|3.0<br>(9.0)|8.8<br>28.8|
|Balances as at 1stJanuary|516.0|487.2|
|Balances as at 31st December|507.0|516.0|



## 



## 

## 

|Fund categories|2022£m|2021£m|
|---|---|---|
|General|7.5|8.1|
|Designated|143.9|170.6|
|Restricted|31.0|30|
|Endowment|324.6|307.3|



## 



## 

## 

## 

|LDF|ExclusionsandRequirements|Investmenttype/requirement|
|---|---|---|
|||Arms|
|||Pornography|
|LDF|excludes investmentinthefollowmg sectors:|Tobacco<br>Gambling|
|||Fossil Fuel Extraction|
|||High Interest Lending|
|LDF|requirementofFund Managers|Beslgnatories to UNPRI and/or UKStewardship|
|||Code|



## 

## 



## 

## 

|||||2022|2021|2020|2019|2018|2017|
|---|---|---|---|---|---|---|---|---|---|
|||||%|%|%|%|%|%|
|Historical|gains/(losses)|on|LDF investments|(9.8)|14.9|1.3|19.9|(11.2)|7.5|
|Historical|gains/flosses)|on|FTSE all-share index|(4.1)|14.5|(12.5)|14.0|(12.3)|7.7|



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## 



|||UnrestrictedFunds|UnrestrictedFunds|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||General|Designated|Funds|Funds|2022|2021|
|||£m|£m|£m|£m|£m|£m|
|Incomeandendowmentsfrom|Notes|||||||
|Donations, legacies^-grants||||||||
|CommonFund||22.7||||22.7|21.6|
|Parishreimbursements forclergycosts||3.8||0.3||4.1|4.1|
|Donations and legacies||0.8|0.1|2.2||3.1|1.5|
|ChurchCommissioners||||6.4||6.4|5.6|
|CltyChurch Fund||2.6||||2.6|4.7|
|Charitable activities||||||||
|Operationalproperty rentalincome||3.9||0.1||4.0|3.2|
|Parochial fees||0.4||||0.4|0.4|
|Investment Income||||||||
|Dividends and interest receivable|lla|2.3||0.3||2.6|1.7|
|Investmenlproperty rentals|l.l1?|4.8||0.4||5.2|4.3|
|Othermcome||0.1|0.5|0.3||0.9|0.7|
|Totalincotfie||41.4|0.6|10.0||52.0|47.8|
|Expenditureon||||||||
|Raisingfunds||||||||
|Investmentmanagementcosts||||||||
|Rentalportfoliocosts-agent fees||0.5||||0.5|0.4|
|Investmentpropertyrepairsandmaintenance||0.5|0.2|0.1|0.1|0.9|1.8|
|Charitable activitses||||||||
|Ministry||26.5|0.3|5.3||32.1|31.0|
|Education andoutreach||1.1||||1.1|0.8|
|ParishandAreasupport services||1.9||0.4||2.3|2.2|
|Clergyhousingandpropertycosts||9.9|1.0|0.6|0.2|11.7|7.9|
|NationalChurch||1.8||||1.8|3.0|
|Grants to parishes and overseas||0.2|0.6|2.4||3.2|1.9|
|Otherexpenditure|||0.1|0.4||0.5|0.5|
|Totalexpenditiire|5|42.4|2.2|9.2|0.3|54.1|49.5|
|Net income/(expenditure) before investment|gains|(1.0)|(1.6)|0.8|(0.3)|2.1)|1.7)|
|Realised gainson tangible fixed assets|||0.8|0.6|1.6|3.0||
|Netgains/(losses) oninvestments|8|||0.7)|(4.3)|5.0)|6.5|
|Netincomingresourcesfortheyear||1.0)|(0.8)|0.7|(3.0)|4.1)|13.6|
|Transfersbetween funds|13d|0.4|( 14.5)|0.6|13.5|||
|Otherrecognised(losses)/gains||||||||
|Pensiondeficilmovement|||0.4|||0.4|0.6|
|Unrealised (losses)/gainsonlangible fixed<br>a&sets|7a&7b||(11.8)|(0.3)|6.8|(5.3)|14.6|
|Netmovement in fundsfor theyear||0.6)|26.7)|1.0|17.3|(9.0)|28.8|
|Reconciliationoffunds:||||||||
|Fundsat 1 January2022||8.1|170.6|30.0|307.3|516.0|487.2|
|Fundsat 31 December2022||7.5|143.9|31.0|324.6|507.0|516.0|





## 

|London Diocesan Fund; Financi|al Statem|ents forthe yearended 31 December|ents forthe yearended 31 December|ents forthe yearended 31 December|2022|||
|---|---|---|---|---|---|---|---|
|BalanceSheet-asat31 December2022||Companynumber: 150856||||||
|||UnrestrictedFunds||Restricted|Endowment|Total|Total|
|||General|Dcsignated|Funds|Funds|2022|2021|
|||£m|£m|£m|£m|£m|£m|
||Notes|||||||
|FixedAssets||||||||
|Operationalproperty|?a||86.9|2.4|245.9|335.2|328.2|
|Investmentproperty|7b||82.0|9.3|30.5|121.8|126.3|
|Non-propertyinvestments|||0,4|8.1|37.7|46.2|51.4|
|Fixturesandfittings||0.1||||0.1|0.2|
|||0.1|169.3|19.8|314.1|503.3|506.1|
|CurrentAssets||||||||
|Debtors|lOa|3.0|1.8|2.4||7.2|4.8|
|Cashatbank||9.0|16.7)|9.6|10.5|12.4|21.5|
|||la.o|( 14.9)|12.0|10.5|19.6|26.3|
|Creditors||||||||
|Amounts fallingduewithinoneyear|12|4.6)|(1.0)|(0.8)|(0.1)|(6.5)|(6.5)|
|NetCurrentAssets||7.4|( 15.9)|11.2|10.4|13.1|19.8|
|Totalassetslesscurrentliabilities||7.5|153.3|31.0|324.6|516.4|525.9|
|Creditors-amountsfallingdueafter||||||||
|oneyear||||||||
|Pensionschemeliabillties|1S||||||(1.0)|
|Othercreditors|12||(9.4)|||(9.4)|(8.9)|
|Net Assets||7.5|143.9|31.0|324.6|507.0|516.0|
|Funds||||||||
|General||7.S||||7.5|8.1|
|Designated|13a||143.9|||143.9|170.6|
|Restricted|13b|||31.0||31.0|30|
|Endowment|13c||||324.6|324.6|307.3|
|TotalFunds||7.5|143.9|31.0|324.6|507.0|516.0|







|ummary income and expenditure account-forthe yeart|o 31 December 2022||
|---|---|---|
||zflzz|2021|
||£m|£m|
|Income|52.0|47.8|
|Expenditure|( 54.1)|49.5)|
|Net (expenditure) before investment gains|(2.1)|1.7)|
|Net (losses)/gains on investments|(5.0)|6.5|
|Realised gains on property assets|3.0|8.8|
|Net (expenditure)/income for the year|(4.1)|13.6|
|Other comprehensive income:|||
|Unrealised (losses)/gains on property assets|(5.3)|14.6|
|Net movement on defined benefit pension schemes|0.4|0.6|
|Total comprehensive (expenditure}/income|(9.0)|28.8|



## 

|||2022|2021|
|---|---|---|---|
|||£m|£m|
||Notes|||
|Net cash (outflow) from operating activities|14a|16.7)|(0.5)|
|Net cash inflows from Investing activities|14b|7.6|3.9|
|(Reduction)/increase in cash in the year||9.1)|3.4|
|Cash and cash equivalents||||
|As at 1 January||21.4|18.0|
|As at 31 December||12.3|21.4|





## 

## 

## 

## 

## 

## 

## 



## 

|Income|Explanation|
|---|---|
|Donations, legades and grants||
|Common Fund|Contributions paid bythe churches in the Diocese of London to the LDF|
|Parish reimbursements for clergy|Amounts received in respect of clergy involved in largely local initiatives,|
|costs|financed directly by parishes or other institutions|
|Donations|Gifts from external organisations and individuals|
|Church Commissioners|Grant income from the Church Commissioners|
|CityChurchFund|Grant income from the City Church Fund|
|Charitable Activities||
|Operational property rental|Operational property is usually held to house clergy. Where property is not|
|income|used for this purpose in the short-term, it is let out at market rates to|
||generate additional income. Designated and glebe operational rental income|
||is receivable within general funds.|
|Parochialfees|Parochial fees are statutory chargesforweddings and funerals, ofwhich part|
||is due to the local PCC, and part is due to the LDF. The LDF element is used to|
||help fund the overall stipends bill.|
|Investment Income||
|Dividends and interest|Income arising is credited to the relevant funds on a receipts basis for|
|receivable|dividends, and on an accruals basisfor interest income.|
|Investment property rental|Investment property is let out at the market rate. Designated and glebe|
|income|investment rental income is receivsble within general funds.|
|Expenditure|Explanation|





|London Diocesan Fund: Financial|Statementsfor theyearended 31 December2022|
|---|---|
|Charitable activities||
|Ministry|Ministry primarily includes the paymentofdergy stipends, national insurance|
||and pension contributions.|
|Education and outreach|Annual cash grant to the London Diocesan Board for Schools plus direct costs|
||related to chifdren's ministry, community ministry and social justice.|
|Parish and area support services|Costs associated with the areas inc!uding office costs, senior clergy expenses|
||and the costs of advisers.|
|Clergy housing and property|Clergy housing and property costs represents the repairs, maintenance, and|
|costs|other property costs associated with the operational property portfolio, and|
||the relevant costs of the Diocesan Advisory Committee and property|
||department. In accordancewith the implementation of FRS 102, annual|
||depreciation is no longer charged on benefice and operational freehold|
||properties.|
|National Church|The LDF's contribution to the National Church's costs.|
|Grants to panshes and overseas|Grants made to London parishes and overseas Dioceses.|



## 

## 

## 

## 

|Benefice Houses|150 years|
|---|---|
|Otherfreehold properties|50 years|
|Leasehold properties|Lease term|



## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

|The net incoming resources for the financial year is stated after<br>charging|2022|2021|
|---|---|---|
||£'000|£'000|
|Depreciation- fixtures, fittlngs and equipment|106|46|
||106|46|
|Auditors Remuneration (including VAT)|||
|Statutory audit|34|29|
|Non-Audit Services:|||
|• Tax advice|4|12|
|• Non-statutory review of Custodian Trusts|2|2|
||40|43|





|Costs of iay staff|2022|2021|
|---|---|---|
||£'000|£'000|
|Wages and Salaries|4,164|3,510|
|Employer's National Insurance|447|350|
|Employer s Pension contributions|923|822|
||5,534|4,682|
|Charge to pension deficit (Lay staffpension scheme)|||
|5ee note 15(a)||609|
||5,534|5,291|



|he number of employees whose emoluments fo|r the year exceeded £60,000are as|follows|
|---|---|---|
||2022|2021|
||No|N0|
|£120,001- £130,000|1||
|£110,001-£120,000|1||
|£100,001- £110,000|||
|£90,001- £100,000|1||
|£80,001-£90,000|1||
|£70,001- £80,000|2||
|£60,001- £70,000|2||



## 

## 



|London Diocesan Fund: Financial Statements for the year ended|31 December|2022|
|---|---|---|
|4. Staff and Clergy Costs (continued)|||
|Ciergy hoiding parochial or archidiaconal posts|||
|(including Common Fund clergy, off-Common Fund clergy and|Z022|2021|
|chaplains.)|||
||£'000|£'000|
|Gross stipends|15,369|14,919|
|Employer's National Insurance contributions|1,104|1,219|
|Employer's pension contributions|5,174|5,494|
||21,647|21,632|
|Average numberoftotal stipendiary clergy posts|533|539|
|Numberoftotal stipendiary clergy posts at 31 December|533|538|





|||||2022|`2021`||
|---|---|---|---|---|---|---|
|||||£'000|`£'000`||
|Support costs (allocated below)|||||||
|Salary and employment costs||||2,195|`2,370`||
|Office costs||||1,063|`419`||
|Governance costs||||448|`594`||
|||||`3,706`|`3,383`||
||||Before||||
|Resources Expended|||allocation of<br>support|Support|Total|`Total`|
||||costs|costs|2022|`2021`|
||||£'000|£'000|£'000|`£'000`|
|Raisingfunds|||||||
|Investment management costs|||||||
|Rental portfolio costs- agents fees|||476||476|`401`|
|Investment<br>property<br>maintenance|repairs|and|902|84|986|`1,696`|
|Fundraising|||||||
||||1,378|84|`1,462`|2,097|
|Charitable activities|||||||
|Ministry|||30,884|1,202|`32,086`|30,893|
|Education and outreach|||773|297|`1,070`|771|
|Parish and area support services|||1,089|1,214|`2,303`|2,185|
|Clergy housing and property costs|||10,871|804|`11,675`|7,883|
|National Church|||1,807||`1,807`|3,037|
|Grants to parishes and overseas|||3,018|105|`3,123`|1,900|
|Other expenditure|||495||`495`|583|
||||50,315|3,706|54,021|49,349|





|Fundingsource:|General<br>funds|Designated<br>funds|Restricted<br>funds|Endowment<br>funds|Total<br>2022|Total<br>2021|
|---|---|---|---|---|---|---|
|Grants to Parishesfrom:|£'000|£'000|£'000|£'000|£'000|£'000|
|Archbishops' Council|||1,527||1,527||
|Core funds|||388||288|315|
|Area pastoral funds|74|375|||449|313|
|Bishop of London's Mission Fund||12|||12|110|
|Funds held for parish benefit||170|254||424|905|
||74|557|2,169||2,800|1,643|
|Overseas:|||||||
|Angola and Mozambique (ALMA)<br>and<br>Lent projects|2||216||218|162|
|Grant administration allocation|105||||105|96|
||181|557|2,385||3,123|1,901|





## 

|||Designated|Funds||Restricted<br>Funds||Endowment|Funds|||
|---|---|---|---|---|---|---|---|---|---|---|
|||Long||||Leasehold|Freehold||||
||Freehold|Leasehold|||Closed|Benefice|Benefice|Glebe||Grand|
||Property|Property||Sub-total|Churches|Houses|Houses|Property|Sub-total|Total|
||£'000|£•000||£'000|£'000|£'000|£'000|£'000|£•000|£'000|
|Atcostorvaluation|||||||||||
|At Uanua^2022|83,789|5,157||88,946|2,234|2,890|232,430|30,648|265,968|357,146|
|Additions|5,913|||5,913|318||1,781|31|1,812|8,043|
|Transfers|863|||863|||(358)|(505)|(863]||
|Disposals|(406)|||(406)|(201)||(610)|(•156)|(1,066)|(1,673)|
|Revaluation|451|||451||||||451|
|At 31st December 2022|90,610|5,157||95,766|2,351|2,890|233,243|29,718|265,850|363,968|
|Depreciation|||||||||||
|At Uanuary2022|8,534||349|8,883||426|17,031|2,595|20,052|28,935|
|Charge forthe year|||||||||||
|Additions|||||||||||
|Transfers|63|||63|||41|(104)|(63)||
|Disposals|(69)|||(69)|||(48)|(17)|(65)|(134)|
|Revaluation|||||||||||
|At 31st December 2022|8,528||349|8,877||426|17,024|2,474|19,924|28,801|
|Net Book Value|||||||||||
|At 31st December 2022|82,081|4,808||86,889|2,351|2,464|216,218|27,244|245,925|335,166|
|Net BookValue|||||||||||
|At31December2021|75,254|4,808||80,062|2,234|2,464|215,399|28,053|245,915|328,211|





## 

## 

## 

|b. Fixed Assets- Invest|ment Property|ment Property|ment Property||||
|---|---|---|---|---|---|---|
||Designated Funds|||Restricted<br>Funds|Expendable<br>Endowment<br>Funds||
|||Long|||||
||Freehold|Leasehold||Closed|Glebe|Grand|
||Property|Property|Sub-Total|Churches|Property|Total|
||£'000|£'000|£'000|£'000|£'000|t'OOO|
|Atcostorvaluation|||||||
|AtlJanuary2022|73,572|6,900|80,472|11,189|34,566|126,227|
|Additions|13,263||13,263||M7|13,370|
|Transfers|||||||
|Disposals||||(1,550)|(10,927)|(12,477)|
|Revaluation|(11,301)|(475)|(11,776)|(308)|6,772|(5,312)|
|At 31st December 2022|75,534|6,425|81,959|9,331|30,518|121,810|
|FairValue|||||||
|At 31st December 2022|75,534|6,425|81,959|9,331|30,519|121,809|
|FairValue|||||||
|At 31 December 2021|73,572|6,900|80,472|11,189|34,566|126,227|





## 

||General|Designated|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||funds|funds|funds|funds|2022|2021|
||£'000|£'000|£'000|£'000|£'000|£'000|
|Marketvalueatljanuary2022|20,345|8,532|8,802|13,762|51,441|45,151|
|Additions (at cost)|||7||7||
|Transfers|(20,345)|(7,948)|41|28,252|||
|Disposals||(154)|(42)||(196)|(304)|
|Net (losses) on revaluations||(42)|(731)|(4,280)|(5,053)|6,594|
|Market value at 31 December<br>2022||388|8,077|37,734|46,199|51,441|
|Non-property investments are represented by:|||||||
||||2022|2021|||
||||£'000|£'000|||
|M&G Charifund||20,643||21,815|||
|CBF Global Equity Income Fund||16,561||19,265|||
|CBF Investment Fund|||8,995|10,361|||
|||46,199||51,441|||



## 

## 

|Oa. Debtors|||||||
|---|---|---|---|---|---|---|
||General|Designated|Restricted|Endowment|Total|Total|
||funds|funds|funds|funds|2022|2021|
||£'000|£'000|£'000|£'000|£'000|£'000|
|Contributions to the Common|||||||
|Fund|||||||
|Rent receivable||6|425||1,519|704|
|Prepayments and accrued<br>income|288|79|856||1,223|308|
||1,376|85|1,281||2,741|1,012|
|Loans to Parishes|||||||
|Diocesan Bishop's Council<br>awarded||716|||716|843|
|Area Council awarded||687|||687|688|
|||1,403|||1,403|1,531|
|Loans to individuals||3B1|||301|346|
|Other debtors|1,610|3|1,136||2,749|1,927|
||2,987|1,792|2,417||7,136|4,816|





## 

|Movements in Loans to Parishes|2022|2021|
|---|---|---|
||£'000|£'000|
|AsatlJanuary2022|1,531|1,105|
|Additions (new loans and interest)|431|828|
|Repayments|(559)|(402)|
|Asat31 December2022|1,403|1,531|



## 

|ffice space and provision of house services includin<br>stimated value ofsuch services is:|g reception, cleaning, utiliti|es, IT and|
|---|---|---|
||2022|2021|
||£'000|£'000|
|Accommodation - rent|131|131|
|House services and meeting rooms|236|208|
||367|339|



## 



## 

|he Bishop's Council (2021: 21 members; full time equivale|nt: 14).||
|---|---|---|
||2022|2021|
||£'000|£'000|
|Gross Stipends|421|446|
|Employer's National Insurancecontributions|35|38|
|Employer's pension contribution|132|156|
||588|640|



## 

||General|Designated|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||funds|funds|funds|funds|2022|2021|
||£'000|£'000|£'000|£'000|£'000|£'000|
|Dividends|1,646|13|253||1,912|1,748|
|Cash and deposit interest|226|1|6||233|10|
|Loan interest|438||||438|13|
||2,310|14|259||2,583|1,771|





||||General|Deslgnated|Restricted|Endowment|Total|Tota!|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|||
||||||||2022|2021|
||||£'000|£'000|£'000|£'000|£'000|£'000|
|Investment|property|rentals|4,796||414||5,217|4,319|



## 

||General|Designated|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||funds|funds|funds|funds|||
||||||2022|2020|
||£'000|£'000|£'000|£'000|£'000|£'000|
|Amounts falling due within one year:|||||||
|Parish Loans Payable||262|||262|575|
|Grants Payable||649|120||769|686|
|Other Creditors|836|71|542|11|1,460|635|
|Accruals and deferred income|3,778|78|112|18|3,986|4,585|
||4,614|1,060|774|29|6,477|6,481|
|Amountsfalling due after one year:|||||||
|Church Commissioners Value|||||||
|Linked Loans||9,394|||9,394|8,943|





||||||||At 31|
|---|---|---|---|---|---|---|---|
|||'""""'^^||||||
|13a(i) Designated Funds||2022|Income*<br>Expenditure<br>/._,./.,,,-___'_'_t<br>•"—•-—r-——-<br>Qains/(Losses)|||Transfers|December|
|||£'000|£'000|£'000|£'000|£'000|£'000|
|CapitalVision2020||81||`67)`||`(15)`|`(1)`|
|Richard<br>Chartres<br>Fund<br>London|for|s|||||`5`|
|Housing Capital Strategy Fund||`2,162`||`893)`||`(75)`|`1,194`|
|LDF Property||`148,007`|`113`|`291)`|`11,776)`|`800`|`136,853`|
|Parsonage Reserve||`14,333`||||`14,333)`||
|Inspection and Maintenance<br>Funds||`1,147`||||`(811)`|`336`|
|Designated Trusts||`634`||`170)`|`(42)`||`426`|
|Mrssion Opportunity||`424`||`(79)`|||`345`|
|Bishop of London'5 Mission<br>Fund||`208`|`60`|`168)`|||`100`|
|ClergyTraining and Support||`337`|`2`|`(12)`||`13`|`340`|
|Area Pastoral Funds||`1,725`|`7`|`301)`|||`1,431`|
|Area BankAccounts||`9S`|`44`|`(35|`|||`102`|
|Diocesan Loan Capital||`2,154`|||||`2,154`|
|Strategic Development Reserve||`291`||`(99)`||`15)`|`177`|
|Clergy Pension Deficit Reserve||`(968)`|||`:as7`|`581`||
|St Edmunds Course (Lay<br>Ministry)|||`27`|`10)`||`2`|`19`|
|Parish Property Capital<br>Strategy Funds|||`1,129`|`77)`||`672)`|`380`|
|Total Designated Funds||`170,633`|`1,386`|`( 2,202)`|`11,431)`|`(14,525)`|`143,861`|
|*lncome includes realised||||||||
|gains/flosses)|||||`Notelld`|||





## 

|13a(ii) Designated Funds|Fixed Asset<br>Tangible|Investments|`Current`<br>`Assets`|`Creditors`|`Net Assets`|
|---|---|---|---|---|---|
||£'000|`£'000`|`£'000`|`£'000`|`£'000`|
|Capital Vision 2020||||||
|Richard Chartres Fund for London||||||
|Housing Capital Strategy Fund|||`1,233`|`(39)`|`1,194`|
|LDFProperty|`168,848`||`( 22,664)`|`9,333)`|`136,851`|
|Parsonage Resen/e||||||
|[nspection and Maintenance Funds|||`336`||`336`|
|Designated Trusts||`388`|`38`||`426`|
|Mission Opportunity|||`400`|`(55)`|`34S`|
|Bishop of London's Mission Fund|||`428`|`329)`|`99`|
|ClergyTraining and Support|||`340`||`340`|
|Area Pastoral Funds|||`1,951`|`519)`|`1,432`|
|Area BankAccounts|||`102`||`102`|
|Diocesan Loan Capital|||`2,217`|`(64)`|`2,153`|
|Strategic Development Reserve|||`178:`||`178`|
|Clergy Pension Deficit Reserve||||||
|St Edmunds Course (Lay Ministry)|||`19`||`19`|
|Parish Property Capital Strategy<br>Funds|||`381`||`381`|
|Total Designated Funds|`168,848`|`388`|`15,036)`|`10,339)`|`143,861`|



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

||Atl|||||At31|
|---|---|---|---|---|---|---|
|13b(i).<br>Funds<br>Restricted|January<br>2022|Income *|Expenditure|Unrealised<br>Gains/(Losses)|Transfers|December<br>2022|
||£'000|£'000|£'000|£'000|£'000|£'000|
|Sole<br>Trust<br>Expendable<br>Funds (inc.ALMA)|8,279|`305`|(470)|(574)|42|7,582|
|Closed<br>Church<br>Buildings<br>Fund|20,020|`631`|(398)|(465)|78|19,866|
|Area Church Building<br>Fund|1,180||(193)||593|1,580|
|Diocesan Church Building<br>Fund||`414`|(139)|||275|
|Strategic Development<br>funds|90|`1,788`|1,784)||(78)|16|
|Projects restricted fund|525|`7,066`|5,930)||23|1,684|
|Bishops' secretaries fund|(126)|`349`|(225)|||(21|
|Total Restricted Funds|29,968|10,553|9,139)|1,039)|658|31,001|
|^lncome mcludesreaiisedgains.|||||Note 13d||
|13b[ii). Restricted Funds||Fixed Asset<br>Tangible|Investments|Current<br>Assets|Creditors|NetAssets|
|||£'000|£'000|£'000|£'000|£'000|
|Sole Trust Expendable Funds <br>ALMA)|(inc,||`6,899`|`6S4`||`7,583`|
|Closed Church Buildings Fund||11,682|`1,178`|`7,470`|`466)`|`19,864`|
|Area Church Building Fund||||`1,701`|`120)`|`1,581`|
|Diocesan Church Building Fund||||`345`|`(69)`|`276`|
|Strategic Development funds||||`15`||`15`|
|Projects restricted fund||||`1,802`|`118)`|`1,684`|
|Bishops' secretaries fund||||`(2)`||`(2)`|
|Total Restricted Funds||11,682|`8,077`|`12,015`|`773)`|`31,001`|





## 

## 

## 

## 

## 

## 

## 

## 

|13c(i). Endowment Funds|Atl<br>January<br>2022|Income<br>*||Unrealised<br>Gains/(Losses)|Transfers<br>••----|At31<br>December<br>"~"^^|
|---|---|---|---|---|---|---|
||£'000|£'000|£'000|£'000|£'000|£'000|
|Expendable Endowment|||||||
|Glebe property|83,169|238|(157)|2,979|(401)|85,828|
|ParsonageHouse Fund|217,862|1,391|(126)||13,934|233,061|
|Permanent Endowment|||||||
|SoleTrustPermanent<br>Endowment|6,239|||487)|(41)|5,711|
|Total Endowment Funds|307,270|1,629|(283)|2,492|13,491|324,598|
|*/ncome indudesrealised|ains||||Note 13d||





|13c(ii). Endowment Funds|Fixed Asset<br>Tangible|Investments|Current<br>Assets|Creditors|Net Assets|
|---|---|---|---|---|---|
||£'000|£'000|£'000|£'000|£'000|
|Expendable Endowment||||||
|Gfebe property|57,860|32,023|( 4,028)|(30)|85,825|
|Parsonage House Fund|218,585||14,514|(38)|233,061|
|Permanent Endowment||||||
|Sole Trust Permanent Endowment||5,711|||5,711|
|Total Endowment Funds|276,445|37,734|10,486|68)|324,598|



## 

## 

## 

||General|Designated|Restricted|Endowment|Total|Reference|
|---|---|---|---|---|---|---|
||£'000|£'000|£'000|£'000|£'000||
|Parsonage additions||735||(735)|||
|Parsonage Reservetransferfrom<br>Designated to Endowment Fund||14,333)||14,333|||
|Transferof budgeted items in the|||||||
|General Fund from various|1,222|( 1,222)|||||
|designatedfunds|||||||
|Clergy Pension Deficit Repayment|(581)|581||||IV|
|Distribution of proceeds from the<br>sale of Christ Church Hayes||(672)|672||||
|Nettransfers (to)/from designated<br>funds at year-end|(336)|336|||||
|Nettransfers (to)/from restricted<br>fundsatyear-end|70||70)||||
|Nettransfers (to)/from endowment<br>fundsatyear-end||50|56|106)||VIII|
||375|14,525)|658|13,492|||
|||Note 13a|Note 13b|Wote 13c|||





## 

||2022|2021|
|---|---|---|
||Total|Total|
||£'000|£'000|
|14a. Reconciliation of operating {deficit] to operating cash|||
|flows|||
|Operating (deficit)|(2,062)|(1,705)|
|Depreciation release|106|46|
|(lncrease)/decrease in debtors|(2,380)|8,284|
|(Decrease)/increase in creditors|071)|1,791|
|Non-cash movement in pension liability|387|330|
|Investment and rental Jncome|(11,800)|(9,210)|
||(16,720)|(464)|
||2022|`2021`|
||Total|`Total`|
|14b. Gross cash flows|£'000|`£'000`|
|Cashflows from investing activities|||
|Dividends and Interest received|2,583|`1,735`|
|Rental Income|9,217|`7,476`|
|Sale ofproperty|17,013|`3,610`|
|Purchase ofproperty|(21,413)|`(15,233)`|
|Other fixed asset purchases|(22)|`(58)`|
|Sale ofinvestments|`196`|`496`|
|Purchase of investments|`(7)`|`(156)`|
||`7,567`|`3,870`|



## 

||At31|||At31|
|---|---|---|---|---|
||January|Cash||December|
||2022|flows|Other|2022|
|Funds|£'000|£'000|£'000|£'000|
|Cash at bank and in hand|21,480|(9,153)||12,327|
|Value linked loans due afteroneyear|(8,943)||(451)|(9,394)|
||12,537|(9,153)|(451)|2,933|



## 



## 

## 

## 



## 

|alculations by a multiple, as set out in the Scheme|'s rules.||
|---|---|---|
|%of pensionable stipends|January 2018 to|January 2021to|
||December 2020|December 2022|
|Deficit repaircontributions|11.9%|7.1%|



|hetable below.|||
|---|---|---|
||2022|2021|
||£'000|£'000|
|Balance sheet liability at 1 January|968|1,941|
|Deficit contribution paid|(581)|(979)|
|Interest cost (recognised in SOFA)||3|
|Remaining charge to the balance sheet liability*|(387)|3|
|Balance sheet liability at 31 December||968|
|^comprises change in agreed deficit recovery ptan and change in discount; rate between yearends.|||



||December 2022|December2021|December|
|---|---|---|---|
||||2020|
|Discount rate|n/a|0.0% pa|0.2% pa|
|Price inflation|n/a|n/a|3.1% pa|
|Increase to total pensionable payroll|n/a|-1.5% pa|1.6% pa|





## 



## 

|StatementofFinancialActivities-|forthey|earto 31December2021|earto 31December2021|||||
|---|---|---|---|---|---|---|---|
|||Unrestrkted Funds||Restricted|Endowment|Total|Total|
|||General|Designated|Funds|Puiids|2021|2020|
|||£ni|£111|£m|£m|£m|£m|
|Income andendowments from|Notes|||||||
|Donations, legacies 6-grants||||||||
|Common Fund||iie||||21.6|22.6|
|Parish reimburseinents forclergycosts||4,1||||4.1|4.2|
|Donations andlegacies||a.s|0.1|0.8||1.5|1.3|
|Church CommLssioners||||5.6||5.6|5.1|
|CityChurch Fund||4.7||||4.7|2.1|
|Charitable activities||||||||
|Operationalpropertyrenlal incomc||3.1||0.1||3.2|2.9|
|Parochial fees||0.4||||0.4|0.3|
|InvestmentIncome||||||||
|Dividends and interestreceivable|1 1a|1.5||0.2||1.7|1.5|
|Investmentpropertyrentals|11b|4.3||||4.3|3.9|
|Otherincome|||0.1|0.6||0.7|0.7|
|Totalincome||40.3|0.2|7.3||47.8|44.4|
|Expenditure on||||||||
|Raisingfunds||||||||
|Investmentmanagementcosts||||||||
|Rental portfolio costs-agent fees||0.4||||0.4|0.4|
|Investmentpropertyrepairsand niainlenance||0.6|0.1|1.0|0.1|1.8|1.9|
|Charitableactivities||||||||
|Ministry||25.1|0.4|5.5||31.0|29.4|
|Education and outreach||||||0.8|0.7|
|Parish and Areasupportservices|||0.1|0.3||2.2|1.9|
|Clergyhousingand property costs||7.3|0.2|0.4||7.9|7.6|
|NationalChurch||3.0||||3.0|3.1|
|Grants to parishes and overseas|6|0.3|0.8|0.8||1.9|1.6|
|Otherexpenditure|||0.4|0.1||0.5|0.6|
|Totalexpendtture|5|39.3|2.0|8.1|0.1|49.5|47.2|
|Netincome/(expenditure)beforeinvestment gains||1.0|(1.8)|(0.8)|(0.1)|(1.7)|(2.8)|
|Realisedgains on tangiblc fixed assets|||2.0|0.9|5.9|8.8|16.7|
|Netgains/(losscs) oninvestments|8|2.7|1.1|1.1|1.6|6.5|(0.5)|
|Netincomingresources fortheyear||3.7|1.3|1.2|7.4|13.6|13.4|
|Transfersbetweenfunds|13d|(0.7)|0.6|(0.1)|0.2|||
|Otherrecognised(losses)/gains||||||||
|Pension deficitmovement|||0.6|||0.6|(0.1)|
|Unrealised (Iosses)/gains on tangiblc|7as;7b||7.2|1.2|6.2|14.6|1.1|
|fixed assets||||||||
|Net movement in fundsfor theyear||3.0|9.7|2.3|13.8|28.;|14.4|
|Reconciliationoffunds:||||||||
|Funds at 1 January2021||5.1|160.9|27.7|293.5|487.2|472.8|
|Fundsat31 December2021||8.1|170.6|30.0|307.3|516.0|487.2|





## 

## 

|Balance Sheet- asat 31 December2021|Balance Sheet- asat 31 December2021||||Companynuniber:|Companynuniber:|150856|
|---|---|---|---|---|---|---|---|
|||Unrestrkted Funds||Restricted|Endowinent|Total|Total|
|||General|Designated|Funds|Funds|2021|2020|
|||fcm|£m|£m|£m|£m|£in|
||Notes|||||||
|FLiedAssets||||||||
|Operationalproperty|7»||80.1|2.2|`245.9`|`328.2`|`323.7`|
|Investmentproperty|7b||80.5|11.2|`34.6`|`126.3`|`104.2`|
|Non-propertyinvestments||20.3|8.5|8.8|`13.8`|`51.4`|`45.1`|
|Fbitures and flttings||0.2||||`0.2`|`0.2`|
|||20.5|169.1|22.2|`294.3`|`506.1`|`473.2`|
|Current Assets||||||||
|Debtors|lOa|2.6|2.0|0.2||`4.8`|`13.2`|
|Cash atbank||(10.4)|10.7|8.2|`13.0`|`21.5`|`18.0`|
|||(7.8)|12.7|8.4|`13.0`|`26.3`|`31.2`|
|Creditors||||||||
|Amounts fallingduewilhin one||||||||
|year|12|(4.6)|(1.3)|(0.6)||`(6.5)`|`(5.7)`|
|NetCurrentAssets||(12.4)|11.4|7.8|`13.0`|`19.8`|`25.5`|
|Total assetslesscurrent liabilities|||180.5|30.0|`307.3`|`525.9`|`498.7`|
|Creditors-amounts fallingdue||||||||
|afteroneyear||||||||
|Pension scheme liabilitles|15||(1.0)|||`(1.0)`|`(2.6)`|
|Othercreditors|12||(8.9)|||`(8.9)`|`(8.9)`|
|NetAssets|||170.6|30.0|`307.3`|`516.0`|`487.2`|
|Funds||||||||
|General||||||`8.1`|`5.1`|
|Designated|13a||170.6|||`170.6`|`160.9`|
|Restricted|13b|||30.0||`30.0`|`27.7`|
|Endowment|13c||||`307.3`|`307.3`|`293.5`|
|TotalFunds|||`170.6`|`30.0`|`307.3`|`516.0`|`487.2`|





## 

|c). Governance Costs and the allocation ofSupport C|osts between Charitable|Activities||
|---|---|---|---|
||2021|2020||
||£'COO|£'000||
|Support costs (ailocated below)||||
|Salary and employment costs|2,370|2,076||
|Office costs|419|519||
|Governance costs|594|367||
||3,383|2,962||
|Resources Expended|Before|||
||allocation of|||
||support costs|Support|`Total`|
|||costs|`2021`|
||£'000|£'000|`£'000`|
|Raisingfunds||||
|Investment managementcosts||||
|Rental portfolio costs - agents fees|401||`401`|
|[nvestment property repairs and maintenance|1,620|76|`1,696`|
|Fundraising||||
||2,021|`76`|`2,097`|
|Charitable activities||||
|Ministry|29,797|`1,096`|`30,893`|
|Education and outreach|499|`272`|`771`|
|Parish and area support services|1,076|`1,109`|`2,185`|
|Clergy housing and property costs|7,149|`734`|`7,883`|
|National Church|3,037||`3,037`|
|Grants to parishes and overseas|1,804|`98`|`1,900`|
|Other expenditure|583||`583`|
||`45,966`|`3,383`|`49,349`|



|(d). Grantsto Parishes and Overseas||||||
|---|---|---|---|---|---|
|Funding source:|General|Designated|Restricted|`Endowment`|`Total`|
||funds|funds|funds|`funds`|`2021`|
|Grants to Parishesfrom:|£'000|£'000|`£'000`|`£'000`|`£'000`|
|Core funds|204|70|`41`||`315`|
|Area pastoral funds||313|||`313`|
|Bishop of London's Mission Fund||110|||`110`|
|Funds held for parish benefit||259|`646`||`905`|
||204|`752`|`687`||`1,643`|
|Oi/erseos;||||||
|Angola and Mozambique (ALMA) and|||`162`||`162`|
|Lent projects||||||
|Grant administration allocation|95||||`96`|
||299|`752`|`849`||`1,901`|





## 

## 

|17. Prior year comparatives (continued)<br>(e). Debtors||||||
|---|---|---|---|---|---|
||General|Designated|Restricted|Endowment|`Total`|
||funds|funds|funds|funds|`2021`|
||£'000|£'000|£'000|£'000|`£'000`|
|Contributions to the Common Fund||||||
|Rent receivable|588||116||`704`|
|Prepayments and accrued income|112|79|117||`308`|
||700|79|233||`1,012`|
|Loans to Parishes||||||
|Diocesan Bishop's Council awarded||843|||`843`|
|Area Council awarded||688|||`688`|
|||1,531|||`1,531`|
|Loans to individuals||346|||`346`|
|Other debtors|1,927||||`1,927`|
||2,627|1,956|233||`4,816`|



## 

|(f). Dividendsand Interest Receivable||||||
|---|---|---|---|---|---|
||General|Designated|Restricted|Endowment|`Total`|
||funds|funds|funds|funds|`2021`|
||£'000|£'000|£'000|`£'000`|`£'000`|
|Dividends|1.462|19|267||`1,748`|
|Cash and deposit interest|2|5|3||`10`|
|Loan interest|13||||`13`|
||`1,477`|`24`|`270`||`1,771`|
|(g). Investment Property Rentals||||||
||General|Designated|Restricted|Endowment|Total|
||funds|funds|funds|funds|2021|
||£'000|£'000|£'000|£'000|£'000|
|Investment property rentals|4,309||10||4,319|
|(h). Creditors||||||
||Generat|Designated|Restricted|Endowment|`Total`|
||funds|funds|funds|funds|`2021`|
||£'000|£'000|£'000|£'000|`£'000`|
|Amountsfalling due within one year:||||||
|Parish Loans Payable||575|||`575`|
|Grants Payable||686|||`686`|
|Other Creditors|160|22|454|(I)|`635`|
|Accruals and deferred income|4,478||107||`4,585`|
||4,638|1,283|561|(1)|`6,481`|
|Amounts falling due after one year;||||||
|Church Commissioners Value||||||
|Linked Loans||`8,943`|||`8,943`|





|7. Prioryearcomparatives <br>i). Designated funds|(continued)||||||
|---|---|---|---|---|---|---|
|Designated Funds|At 1|Income*|Expenditure|Unrealised|`Transfers`|`At31`|
||January|||Gains/(Losses)||`December`|
||2021|||||`2021`|
||£'000|£'000|£'000|`£'000`|`£'000`|`£'000`|
|CapitaiVision2020|421|15|(355)|||`Sl`|
|Richard Chartres Fund for|19|56|(70)|||`5`|
|London|||||||
|Capital StrategyFund|1,420||(303)|`1,045`||`2,162`|
|LDF Property Fund<br>Parsonage Reserve|1'10,574<br>12,940|354<br>1,622|(76)w|`7,154`|`(201)`|`148,006`<br>`14,333`|
|Inspection and|1,147|||||`1,147`|
|Maintenance Funds|||||||
|Designated Trusts|789|30|(259)|`74`||`634`|
|Mission Opportunity|500||(76)|||`424`|
|Bishop of London's Mission|266|52|(110)|||`2B8`|
|Fund|||||||
|ClergyTraining and Support|374|6|(43)|||`337`|
|Area Pastoral Funds|1,647|11|(313)||`380`|`1,725`|
|Area BankAccounts|132|41|(80)|||`93`|
|Diocesan Loan Capital|2,154|||||`2,154`|
|Strategic Development|500||(216)||`7`|`291`|
|Reserve|||||||
|Clergy Pension Deficit|(1,941)|||`(6)`|`979`|`(968)`|
|Reserve|||||||
|LayChurchWorkers|(23)|||`609`|`(586)`||
|Pension Fund Deficit|||||||
|Reserve|||||||
|Total Designated Funds|`160,919`|`2,187`|`(1,929)`|`8,876`|`579`|`170,632`|





## 

|Designated Funds|Fixed Asset|Fixed Asset|Investments|CurrentAssets|Creditors|Creditors|Net Assets|Net Assets||
|---|---|---|---|---|---|---|---|---|---|
||Tangible|||||||||
|||£•000|£'000|£'000|£'000|||£'000||
|Capita[Vision2020||||81||||81||
|Richard Chartres Fund for||||5||||5||
|London||||||||||
|Capital Strategy Fund|||7,947|(5,785)||||2,162||
|LDF PropertyFund||80,471||(6,620)||||73,851||
|Parsonage Reserve||||14,333||||14,333||
|Inspection and||||1,147||||1,147||
|Maintenance Funds||||||||||
|Designated Trusts|||584|50||||634||
|Mission Opportunity||||424||||424||
|Bishop of London's Mission||||537|(329)|||208||
|Fund||||||||||
|ClergyTrainingand||||337||||337||
|Support||||||||||
|Area Pastoral Funds||||2,280|(555)|||1,725||
|Area BankAccounts||||93||||93||
|Diocesan Loan Capital||||2,531|(377)|||2,154||
|Strategic Development||||291||||291||
|Reserve||||||||||
|Clergy Pension Deficit|||||(968)|||(968)||
|Reserve||||||||||
|LayChurchWorkers||||||||||
|Pension Fund Deficit||||||||||
|Reserve||||||||||
|Total Designated Funds||160,533|8,531|12,762|(11,194)|||170,632||
|(j). Restricted Funds<br>Restricted Funds||Atl|Income *|Expenditure|Unrealised|Transfers||At31||
|||January||Cains/(Losses)||||December||
|||2021||||||2021||
|||£'000|£'000|£'000|£'000||£'000|£'000||
|SoleTrust Expendable Funds (inc.|ALMA)|7,605|691|(847)|S4S||(115)|8,279||
|Closed Church Buildings Fund||19,087|1468|-1352|1407||(590)|20,020||
|Area Church Building Fund||590|||||590|1,180||
|Strategic Development funds||101|2,764|(2,775)|||||90|
|Projects restricted fund||297|3,099|(2,864)|||(7)||525|
|Bishops' secretaries fund|||138|(264)||||(126)||
|Total Restricted Funds||27,680|8,160|(8,102)|2,352||(122)|29,968||



|Restricted Funds|Fixed|Investments|Current|Creditors|Net Assets|
|---|---|---|---|---|---|
||Asset||Assets|||
||Tangible|||||
||£'000|£'000|£'000|£'000|£'000|
|Sole Trust Expendable Funds (inc, ALMA)||7,467|812||8,279|
|Closed Church Buildings Fund|13,424|O|3,540|o|16,964|
|Area Church Building Fund|||1,180||1,180|
|Strategic Development funds|||90||90|
|Projects restricted fund|||525||525|
|Bishops' secretariesfund|||(126)||(126)|
|Total Restricted Funds|13,424|8,802|8,302|(560)|29,968|





|<br>k). Endowment Funds||||||||||
|---|---|---|---|---|---|---|---|---|---|
||Atl|Income*|Expenditure||Unrealised||Transfers||`At31`|
||January||||`Gains/(Losses)`||||`December`|
||2021||||||||`2021`|
||£'000|`£'000`||`£'000`||`£'000`||`£'000`|`£'000`|
|Expendable Endowment||||||||||
|Glebe Operational Property||||||||||
|Fund|70,342|`5,770`||`(57)`||`7,114`|||`83,169`|
|Parsonage House Capital|217,661|||||||`201`|`217,862`|
|Permanent Endowment||||||||||
|Sole Trust Permanent|5,486|||||`753`|||`6,239`|
|Endowment||||||||||
|Total Endowment Funds|`293,489`|`5,770`||`(57)`||`7,887`||`201`|`307,270`|
||Fixed Asset|Investments||Current||Creditors||Net Assets||
||Tangible||||Assets|||||
||£'000||£'000||£'000||£'000||£'000|
|`Expendable Endowment`||||||||||
|GlebeOperational Property<br>Fund|62620||7524||13,025||||83,169|
|Parsonage House Capital|217,862||||||||217,862|
|Permanent Endowment||||||||||
|SoleTrust Permanent|||6,239||||||6,239|
|Endowment||||||||||
|Total Endowment Funds|280,482|13,763|||13,025||||307,270|





|Contents|Page|
|---|---|
|Report ofthe Custodian Trustee|63|
|Non-Statutory Financial Statements|M|
|Notesto the Custodian Trusts Financial Statements|65|
|Independent Auditors' Reporttothe Custodian Trustee ofthe Funds|68|





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||Permanent|Restricted|Restricted|Total|Total|
|---|---|---|---|---|---|
||Endowment|Capital|Unexpended|2022|2021|
||Fund|Fund|Income|||
||£m|£m|£m|£m|£m|
|Income and endowmentsfrom:||||||
|Investment income|||0.1|0.1|0.1|
|Income direct to beneficiaries|||0.4|0.4|0.4|
|Total income|||0.5|0.5|0.5|
|Expenditureon:||||||
|Income paid to beneficiaries|||(0.4)|(0.4)|(0.4)|
|Objects ofthe trusts|(0.9)|(0.1)|(0.1)|(1.1)|(0.7)|
|Total expenditure|(09)^|(0.1)|(0.5)|(1.5)|_(l,l)|
|Net (expenditure) before investment gains|(0.9)|(0.1)||(1.0)|(0.6)|
|Net (losses}/gains on investment assets|(1.5)|(0.2)||(1.7)|2.1|
|Net (resources expended)/incoming resources|(2.4)|(0.3)||(2.7)|1.5|
|for the year||||||
|Transfers between funds||||||
|Additional new resources|||||0.1|
|Net movement in funds for the year|(2.4)|(0.3)||(2.7)|l.6|
|Reconclliation offunds;||||||
|Funds at1January 2022|17.1|2.7|0.9|20.7|19.1|
|Funds at 31 December 2022|M.7|2.4|0.9|18.0|20.7|
|Custodian Trusts Balance Sheet- as at 31 December 2022||||||
|||Total||Total||
||Note5|2022||2021||
|Assets||£m|||£m|
|Fixed Asset Investments|2|17.1||ig.s||
|Current Asset Investments|3|0.9|||0.9|
|Net Assets||18.0||20.7||
|Funds||||||
|Permanent Endowment||14.7||17.1||
|Restricted -Capital||2.4|||2.7|
|Restricted- Unexpended Income||0.9|||0.9|
|||18.0||20.7||





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||||||OtherAsset/||
|---|---|---|---|---|---|---|
||1||||Liability|31|
||January|||Unrealised|Movements|December|
||2022|Additions|Disposals|Gains/(Losses)|andTransfers|2022|
||£'000|£'000|£'000|£'000|£'000|£'000|
|M&G Charifund|4,078||(468)|(246)||3,364|
|Investments held by|||||||
|CCLA:|||||||
|CBF Fixed Interest|18|||(2)||16|
|CBF Investment Fund|10,743|||(1,265)||9,478|
|CBF Property Fund|131|||(15)||116|
|CBF Deposit Fund|2,158||(380)|||1,778|
|Other Assets/(Liabilities)|||||||
||17,128||(848)|(1,528)||14,752|
|Fixed Asset Investments|represented by Expendable||Capital||||
|M&G Charifund|249|||(14)||235|
|Investments held by|||||||
|CCLA:|||||||
|CBF Fixed Interest|157|||(21)||136|
|CBF Investment Fund|1,613||(11)|(189)||1,413|
|CBF Deposit Fund|654||(90)|||564|
||2,673||(101)|(224)||2,348|
|Total Fixed Assets|19,801||(949)|^1,752)||17,100|





||||||OtherAsset/||
|---|---|---|---|---|---|---|
||1||||Liability|31|
||January|||Unrealised|Movements|December|
||2022|Additions|Disposals|Gains/(Losses)|and Transfers|2022|
||£'000|£'000|£'000|£'000|£'000|£'000|
|Investments held by|||||||
|CCLA:|||||||
|CBF Investment Fund|277|4||(33)||248|
|CBFDepositFund|621|130|(125)||(2)|624|
||898|134|(125)|(33)||872|



||||||OtherAsset/||
|---|---|---|---|---|---|---|
||1||||Liability|31|
||January|||Unrealised|Movements|December|
||2022|Additions|Dlsposals|Gains/fLosses)|and Transfers|2022|
||£'000|£'000|£'000|£'000|£'000|£'000|
|Investments held by|||||||
|CCLA:|||||||
|CBF Investment Fund|2|||||2|
|CBFDepositFund|26|14|(14)|||28|
||28|14|(14)|||30|
|OtherAssets/(Liabilities)|||||||
|Total CurrentAssets|928|148|(139)|(33)||904|
|TOTAL|20,729|148|(1,088)|(1,785)||18,004|





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