## ## ## ||||Page| |---|---|---|---| |Mission Statement|||| |Legal Objectives|||| |Strategic Report|||| |Strategic aims|||| |Objectives for the year|||| |Activities and Achievements||in the year|| |Future plans|||| |Financial
review|||| |Principal
risks and uncertainties|||| |Structure
and Governance|||| |Trustee Responsibilities|||14| |Administrative
details|||15| |Auditors'
report|||17| |Consolidated
Statement of Financial||Activities|19| |Summary
income and expenditure|account||20| |Consolidated
Balance Sheet|||21| |Consolidated
Statement ofCash|flows||22| |Notes to the Accounts|||23| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Income|Expenditure|Profit/(loss)| |---|---|---|---|---|---| ||||f'000|E'000|E'000| |Ely
Ely|DBF Property
Limited (05957128)
Diocesan Schools Services Limited (05037336)|||(7)
(20)|(7)
(18)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Notes|Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---|---|---|---| |||||Fund|funds|funds|funds|funds| |||||2021|2021|2021|2021|2020| |||||K'000|R'000|E'000|K'000|R'000| |Income and endowments||||||||| |from."||||||||| |Donations||||||||| |Ministry Share
Archbishops'
Council
Other donations||||5,554
428
126|419
181||5,554
847
307|5,603
1,020
417| |Charitable
activities
Other Activities||||406
298|||406
298|394
273| |Investments
Other||||1,234
1|1,922||3,156
1|2,585| |||||8,047|2,522||10,569|10,292| |Expenditure
on||||||||| |Raising Funds
Charitable
activities||||165
8,153|1,701
735|76|1,942
8,888|(361)
10,481| |||||8,318|2,436|76|10,830|10,120| |Net income/(expenditure)||||||||| |before investment|gains|||(271)|86|(76)|(261)|172| |Net gains on investment||||2,072|257|7,564|9,893|1,007| |Net income||||1,801|343|7,488|9,632|1,179| |Transfers
between||funds||65|1,070|(1,135)||| |Gains on revaluation||of||||||| |fixed assets||||||7,302|7,302|7,275| |Net movement
in funds||||1,866|1,413|13,655|16,934|8,454| |Reconciliation
offunds||||||||| |Total funds at 1 January
2021||||19,112|14,203|134,761|168,076|159,622| |Total funds at 31||||||||| |December 2021||||20,978|15,616|148,416|185,010|168,076| |||||Total|Total| |---|---|---|---|---|---| |||||funds|funds| |||||2021|2020| |||||F'000|K'000| |Total|income|||10,569|10,292| |Total|expenditure|||10,754|10,750| |Operating
(deficit)||||(186)|(458)| |Net gains
/ (losses) on||investment||2,329|(785)| |Net income/(expenditure)
for|||the year|2,144|(1,243)| |Other|comprehensive|income:|||| |Gains|/ (losses) on revaluation||of fixed assets||| |Net transfers
from endowments||||1,135|3,526| |Total|comprehensive|income||3,279|2,283| |||||||||Group|Group|Charity|| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||Note||2021||2020|2021|2020| ||||||||K'000||P'000|f'000|E'000| |Fixed Assets|||||||||||| |Tangible assets||||||14|100,996||92,480|100,996|92,480| |Investments||||||15|84,543||72,138|83,238|70,986| ||||||||185,539||164,618|184,234|163,466| |Current Assets|||||||||||| |Stock|||||||739||734||4| |Assets held for sale|||||||||3,455||3,455| |Debtors||||||16|1,788||1,617|2,587|2,374| |Cash at bank and|in hand||||||1,686||1,944|1,533|1,779| ||||||||4,213||7,750|4,120|7,612| |Current
Liabilities|||||||||||| |Creditors: amounts||falling|due within||||||||| |one year||||||17|3,608||3,419|3,453|3,246| |Net Current Assets|||||||605||4,331|667|4,366| |Total assets less|current||liabilities||||186,144||168,949|184,901|167,832| |Creditors: amounts||falling due after|||||||||| |more than one year|||||||||||| |Pension scheme liabilities||||||18|23||60|23|60| |Other creditors||||||18|||||| |Provisions for liabilities|||and charges|||19|||813||813| |Net Assets|||||||185,010||168,076|183,767|166,959| |Represented
by:|||||||||||| |Endowment
funds||||||24|148,416||134,761|148,416|134,761| |Restricted
income||funds||||23|15,616||14,203|14,348|13,093| |Unrestricted
income funds|||||||||||| |General funds||||||22|8,780||6,543|8,805|6,536| |Retreat House||||||22|463||429|463|429| |Other Designated|funds|||||22|11,735||12,140|11,735|12,140| ||||||||20,978||19,112|21,003|19,105| |Total Funds|||||||185,010||168,076|183,767|166,959| |These financial statements|||were approved||by|the|Board ofTrustee||n ..|'2022.....|..., and| |The Rt Revd St
hen||Conway (Bis||p of|Ely)||The Revd|Canon|Brian ANn|Chair
fFinance|Committee)| |Net cash flow from operating
activities|(A)||972|(2,656)| |---|---|---|---|---| |Cash flows from investing
activities
Dividends,
interest,
and rent from investments|||2,705
2,122|| |Proceeds from the sale of:||||| |Tangible fixed assets
Fixed asset investments|||5,302
7,976
1,645|| |Assets held for resale|||3,455|| |Purchase of:||||| |Tangible fixed assets
Fixed asset investments|||(2,449)
(10,193)
(872)
(8,109)|| ||||(1,180)|| |Net cash provided
by investing
activities||||2,762| |Cash flows from financing
activities
Loans repaid|||50|| |Net cash provided
by/(used
in) financing|activities|||50| |Change
in cash and cash equivalents
in the year|||(208)|156| |Cash and cash equivalents
as at 1 January 2021|||1,894|1,738| |Cash and cash equivalents
as at 31 December 2021|||1,686|1,894| |A: Reconciliation
of net movements
in|funds to net cash||flow from operating
activities|| ||||2021|2020| ||||f'000|f'000| |Net movement
in funds for the year~nded||31 December|16,934|8,454| |Adjustments
for:
Depreciation
Gain on revaluation
of property
and investments
Loss on disposal offixed assets
Interest and dividends
receivable|||44
(13,704)
69
(2,705)|23
(8,419)
(2,122)| |Repayment
ofloans advanced
(Increase)/decrease
in stock
(Increase)/decrease
in debtors
Increase
in creditors|||(5)
(171)
212|(50)
(10)
710
(740)| |Increase
in provisions|||298|101| |Increase
in current asset investments||||(603)| |Net cash flow from operating
activities|||972|(2,656)| |B:Analysis
ofcash and cash equivalents|||2021f|2020f| |Cash at bank and in hand|||1,686|1,944| |Central
Board of Finance for parish loans||||(50)| ||||1,686|1,894| ## ## ## ## ## ## ## ## ## ## ## ## ## |IOCESAN BOARD OF F
TO THE ACCOUNTS
HE YEAR ENDED 31 DE
mefrom donations|INANCE
CEMBER 2021||||| |---|---|---|---|---|---| |||||Total|Total| |||||2021
f'000|2020
f'000| |Ministry share|||||| |Current year's allocation
net of
discounts
and rebates||||5,537|5,603| |Arrears for previous|years|||17|| |||||5,554|5,603| |Total ministry share receipts represent||%(2020:94.1%)ofthe|allocation.||| |All ministry
share income|is unrestricted.||||| |||Unrestricted|Restricted|Total|Total| |||2021
f'000|2021
f'000|2021
f'000|2020
f'000| |Archbishops'
Council
Chancellor
and Registrar
Market Towns funding
(SDF)
Curates
Funding
(SMF)
Barnwell
innovation
funding
(SIF)
RME grant||49
291
53
35|419|49
291
53
35
419|48
548
424| |||428|419|847|1,020| |In 2020,f596k of income was unrestricted||and f424k was restricted.|||| |||Unrestricted|Restricted|Total|Total| |||2021
f'000|2021
f'000|2021
f'000|2020
f'000| |Other donations
AIIChurches
Trust grant||106||106|102| |Furlough
Grants
Donations||20|181|201|288| |||126|181|307|417| |In 2020, f266k of income was unrestricted,||f151kwas restricted.|||| |ome from charitable
activities||||Total|Total| |||||2021|2020| |||||F'000|F'000| |Assigned fees
Unassigned
fees
Retreat House||||296
8
102|274
18
102| |||||406|394| |me from other activities||| |---|---|---| ||Total|Total| ||2021|2020| ||f'000|f'000| |Rental income from vacant parsonages|298|258| ||298|258| ## ||||Unrestricted|Restricted|Endowment|Total| |---|---|---|---|---|---|---| ||||Funds|Funds|Funds|Funds| ||||2021
F'000|2021
f'000|2021
f'000|2021
f'000| |Investment|income||782|1,922||2,704| |Glebe rents||receivable|451|||451| |Interest received|||1|||1| ||||1,234|1,922||3,156| |Comparative||analysis for 2020||||| ||||Unrestricted|Restricted|Endowment|Total| ||||Funds|Funds|Funds|Funds| ||||2020|2020|2020|2020| ||||f'000|F'000|F'000|F'000| |investment|income||533|1,586||2,119| |Glebe rents||receivable|463|||463| |Interest received|||3|||3| ||||999|1,586||2,585| ## |.Other incom|e|||||| |---|---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|Total|Total| |||Funds|Funds|Funds|Funds|Funds| |||2021|2021|2021|2021|2020| |||f'000|f'000|f'000|f'000|f.'000| |Gain/(losses)|on sale of|||||| |properties||||||| |Other income||||||| |TOTAL INCOME||8,047|2,522||10,569|10,292| |FOR THE YEAR ENDED 31 DECE
7.Expenditure
on raising funds|MBE|R 2021|||||||| |---|---|---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|||Endowment||Total| ||||Funds|Funds|||Funds||Funds| ||||2021||2021|||2021|2021| ||||f'000|F'000|||R'000||R'000| |Let houses expenses
Glebe management
costs
Investment
managers
costs|||64
101||1,701|||13
63|64
114
1,764| ||||165||1,701|||76|1,942| |Comparative
analysis for 2020|||Unrestricted|Restricted|||Endowment||Total| ||||Funds|Funds|||Funds||Funds| ||||2020||2020|||2020|2020| ||||F'000|F'000||||K'000|R'000| |Let houses expenses
Glebe management
costs
Investment
managers
costs|||49
83||102|||26
83|49
109
185| |Loss on sa/e offixed assets|||||35|||(739)|(704)| ||||132||137|||(630)|(361)| |8.Expenditure
on charitable
activities|||||||||| ||||Unrestricted|||Restricted||Endowment|Total| |||||Funds|||Funds|Funds|Funds| |||||2021
f'000|||2021
K'000|2021
R'000|2021
F'000| |Contributions
to Archbishops'
Council
Training
for the Ministry
National
Church
Responsibilities
Church's
Housing Assistance
for Retired
Mission agency pension
contributions|||Ministry|277
218
102
12|||||277
218
102
12| |||||609|||||609| |Resourcing
Ministry
and Mission|||||||||| |Ministry
in parishes
Stipends,
national
insurance
Housing
costs
Ministry selection and training
Clergy support
Other expenses|8 pensions|||2,730
1,367
1,637
479
30|||426
3
4||2,730
1,367
2,063
482
34| |||||6,243|||433||6,676| |Support for ministry
in parishes
Retreat House||||1,187
94|||||1,187
94| |||||7,524|||433||7,957| |Expenditure
on education
Support for church schools||||20|||302||322| |Total charitable
activities||||8,153|||735|76|8,888| ## ||||||||||||Unrestricted|Restricted|Restricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Comparative
analysis|||||for 2020||||||Funds|Funds|||Funds|Funds|| ||||||||||||2020|2020|||2020|2020|| ||||||||||||R'000|K'000|||R'000|K'000|| |Contributions|to Archbishops'|||||||Council|||||||||| |Training
for the|Ministry||||||||||277||||||277| |National
Church|Responsibilities||||||||||231||||||231| |Church's
Housing Assistance||||||for||Retired|Ministry||99||||||99| |Mission agency|pension||||contributions||||||10||||||10| ||||||||||||617||||||617| |Resourcing
Ministry||||and Mission|||||||||||||| |Ministry
in parishes|||||||||||||||||| |Stipends,
national||insurance||||8|pensions||||3,028||1,303|||4,331|| |Housing
costs|||||||||||1,235|||||1,235|| |Ministry selection and||||training|||||||1,641|||427||2,068|| |Clergy support|||||||||||443||||||443| |Other expenses|||||||||||20||||||24| ||||||||||||6,367||1,734|||8,101|| |Support for ministry|||in|parishes|||||||1,223|||||1,223|| |Retreat House|||||||||||193||||||193| ||||||||||||7,783||1,734|||9,517|| |Expenditure
on education|||||||||||||||||| |Support for church|||schools|||||||||||340|||340| |Total charitable|activities||||||||||8,532||2,211||(630)|10,113|| |lysis ofexpenditure|||including||||allocation|||ofsupport costs|||||||| ||||||||||||Activities|Grant|||||| ||||||||||||undertaken|funding|of||Support|Total|| ||||||||||||directly|activities|||costs|Funds|| ||||||||||||2021|2021|||2021|2021|| ||||||||||||R'000|K'000|||R'000|R'000|| |Raising funds|||||||||||1,942|||||1,942|| |Charitable
activities|||||||||||||||||| |Contributions|to Archbishops'||||||Council|||||609||||609|| |Resourcing
parish|||ministry||||||||6,814|298|||751|7,863|| |Education|||||||||||191||||131|322|| |Retreat House|||||||||||94|||||94|| ||||||||||||9,041|907|||882|10,830|| |Comparative
analysis|||||for 2020||||||Activities|Grant||||Total|| ||||||||||||undertaken|funding|of||Support|Board|| ||||||||||||Directly|activities|||Costs|Funds|| ||||||||||||2020|2020|||2020|2020|| ||||||||||||E'000|E'000|||f'000|E'000|| |Raising funds|||||||||||(361)|||||(361)|| |Charitable
activities|||||||||||||||||| |Contributions|to Archbishops'||||||Council|||||617||||617|| |Resourcing
Parish|||Ministry||||||||8,316|235|||773|9,324|| |Education|||||||||||224||||116|340|| |Retreat House|||||||||||193|||||193|| ||||||||||||8,372|852|||889|10,113|| ## |ELYDIOCESAN BOARD OF FINAN
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEM
10.Analysis ofsupport costs|CE
BER 2021|||||| |---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total| |||||Funds|Funds|Funds| |||||2021
R'000|2021
f'000|2021
f'000| |Central
administration||||631||631| |Support for School||||||111| |Governance:||||||| |External
audit||||30||30| |Registrar
and Chancellor||||110||110| |||||771||882| |Comparative
analysis
for 2020||||Unrestricted
Funds|Restricted
Funds|Total
Funds| |||||2020
f'000|2020
Z'000|2020
E'000| |Central admi nistrati on||||645||645| |Support for School|||||116|116| |Governance:||||||| |External audit||||20||20| |Registrar and Chancellor||||108||108| |||||773|116|889| |11.Analysis ofgrants made||||||| |||Number|of|Individuals|Institutions|Total| |||grants||2021
R'000|2021
F'000|2021
R'000| |From unrestricted
funds for||||||| |National
Church responsibilities
Contributions
for Archbishops'
Council|||||609|609| |From unrestricted
funds:||||||| |PCCs for Church inspection fees
Ordinands
in training
PCCs for Faculty fees|||47
19
170|159|33
22|33
159
22| |Diocese Mission Projects||||||| |Continuing
ministerial
training|||16|||| ||||252|163|55|218| |Total|||257|163|664|827| |||Number|of|Individuals|Institutions|Total| |||grants||2020
E'000|2020
E'000|2020
E'000| |From unrestricted
funds for||||||| |National
Church responsibilities
Contributions
for Archbishops'
Council|||||618|618| |From unrestricted
funds:||||||| |PCCs for Church inspection fees
Ordinands
in training
PCCs for Faculty fees|||46
19
252|136|33
22|33
136
22| |Diocese Mission Projects||||||| |Continuing
ministerial
training|||16|||| ||||333|140|55|195| |Total|||338|140|673|813| ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Group||Board|| |---|---|---|---|---|---|---|---|---| ||||||2021
f'000|2020
f'000|2021
f'000|2020
f'000| |Central|Board of Finance for parish loans|||||50||50| |Other creditors|||||1,141|1,706|1,007|1,553| |School governing
bodies|||||1,221|708|1,221|708| |Accruals|and deferred|income|||1,031|556|1,010|536| |Clergy Pension scheme|||||215|399|215|339| |Loans||||||||| ||||||3,608|3,419|3,453|3,246| |18.Creditors:|amounts
falling||due|after more than|one year|||| ||||||Group||Board|| ||||||2021
f'000|2020
f'000|2021
f'000|2020
8'000| |Pension|scheme liabilities|||||||| |Clergy pension scheme|||||23|60|23|60| |19.Provisions|for liabilities|and charges||||||| ||||||Group||Board|| ||||||2021
f'000|2020
f'000|2021
f'000|2020
f'000| |Parsonage
housing
repairs|||||1,076|778|1,076|778| |Restructuring|||||35|35|35|35| |||||||813||813| |The movement
on provisions||||is as follows:||||| |Balance|at 1 January|2021|||813|712|813|712| |Provision|used during|the year||||||| |Parsonage
housing||repair|||(36)|(252)|(36)|(252)| |Restructuring||||||||| |New provision
in year||—parsonage
housing||||||| |repairs|||||334|353|334|353| |Balance|at 31 December 2021|||||813||813| |20.Revaluation|Reserve|||||||| ||||||Group||Board|| ||||||2021
f'000|2020
f'000|2021
f'000|2020
f'000| |Balance|at 1 January||||80,065|71,775|80,065|70,840| |Revaluation
offixed assets|||||7,302|7,275|7,302|7,275| |Revaluation
ofinvestment|||assets||7,564|1,015|7,564|944| |Balance|at 31 December||||94,931|80,065|94,931|79,059| ## |Total commitme|nt|s
un|der non-cance|llable
ope|rating
leases a|re as follows:||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||Group|and Board||| ||||||||2021||2020|| ||||||||E'000||f'000|| |Office equipment||with|payments
falling due:|||||||| |Due within one|year|||||||||| |Due in between||one and five years||||||||| |2. Unrestricted
funds||||||||||| |Board||||||||||| ||||At 1|||Net incomel||||At 31| ||||January
2021
F'000|Income
f'000|Expenditure
F'000|(expend-
iture)
R'000|Gains/
losses
R'000|Transfers
E'000||December
2021
R'000| |Designated
funds||||||||||| |Pastoral
property
reserve|||10,827||||||(456)|10,371| |Long term parsonage||||||||||| |repair reserve
Ely 2025 growth|fund||7
118||(7)
(59)|(7)
(59)||||59| |Murrow
Church|||15|||||||20| |Hampton
Church|||111|||||||111| |Market Towns|||1,062|291|(755)|(464)|||581|1,179| |Barnwell||||53|(58)|(5)||||(5)| ||||12,140|344|(879)|(535)|||130|11,735| |Retreat House|||429|102|(94)||26|||463| |General
funds|||6,536|7,599|(7,311)|288|2,046||(65)|8,805| ||||19,105|8,045|(8,284)|(239)|2,072||65|21,003| |Group|||At 1|||Net incomel||||At 31| ||||January
2021
K'000|Income
R'000|Expenditure
R'000|(expend-
iture)
f'000|Gains/
losses
K'000|Transfers
E'000||December
2021
R'000| |Designated
funds||||||||||| |Pastoral
property
reserve|||10,827||||||(456)|10,371| |Long term parsonage||||||||||| |repair reserve
Ely 2025 growth|fund||7
118||(7)
(59)|(7)
(59)||||59| |Murrow
Church|||15|||||||20| |Hampton
Church|||111|||||||111| |Market Towns|||1,062|291|(755)|(464)|||581|1,179| |Barnwell||||53|(58)|(5)||||(5)| ||||12,140|344|(879)|(535)|||130|11,735| |Retreat House|||429|102|(94)||26|||463| |General
funds|||6,543|7,601|(7,345)|256|2,046||(65)|8,780| ||||19,112|8,047|(8,318)|(271)|2,072||65|20,978| ## ## |2020 comparatives:|Board|||||||| |---|---|---|---|---|---|---|---|---| |||At 1|||Net income/|||At 31| |||January|||(expend-|Gains/||December| |||2020
f'000|Income
f'000|Expenditure
f'000|iture)
f'000|losses
f'000|Transfers
f'000|2020
f'000| |Designated
funds||||||||| |Pastoral
property||||||||| |reserve||10,618|||||209|10,827| |Long term parsonage||||||||| |repair reserve||7||||||7| |Ely 2025 growth|fund|444||(149)|(149)||(177)|118| |Murrow
Church||13|||2|||15| |Hampton
Church||111||||||111| |Market Towns||1,267|594|(799)|(205)|||1,062| |||12,460|596|(948)|(352)||32|12,140| |Retreat House||463|145|(193)|(48)|14||429| |General funds||6,060|7,375|(7,391)|(16)|(640)|1,132|6,536| |||18,983|8,116|(8,532)|(416)|(626)|1,164|19,105| |2020 comparatives:|Group|||||||| |||At 1|||Net incomel|||At 31| |||January|||(expend-|Gains/|Transfer|December| |||2020
f'000|Income
f'000|Expenditure
f'000|iture)
f'000|losses
f'000|s
f'000|2020
f'000| |Designated
funds||||||||| |Pastoral
property||||||||| |reserve||10,618|||||209|10,827| |Long term parsonage||||||||| |repair reserve||7||||||7| |Ely 2025 growth|fund|444||(149)|(149)||(177)|118| |Murrow
Church||13|||2|||15| |Hampton
Church||111||||||111| |Market Towns||1,267|594|(799)|(205)|||1,062| |||12,460|596|(948)|(352)||32|12,140| |Retreat House||463|145|(193)|(48)|14||429| |General funds||6,059|7,390|(7,398)|(8)|(640)|1,132|6,543| |||18,982|8,131|(8,539)|(408)|(626)|1,164|19,112| ## ## ## ## ## |oard|||||||| |---|---|---|---|---|---|---|---| |||||Net|||| ||At 1|||incomel|||At 31| ||January
2021
f'000|Income
f'000|Expenditure
f'000|(expend-
iture)
f'000|Gainsl
losses
f'000|Transfers
f'000|December
2021
f'000| |Diocesan Pastoral
Account|12,790|100|(40)|60|86|1,035|13,971| |Diocesan|||||||| |Stipends
Fund|||||||| |Income Account||1,696|(1,696)||||| |New Churches|||||||| |Fund|61||||||61| |Clergy Well-being
fund|137||(3)||13||150| |RME Fund|10|419|(395)|24|||34| |Schools fund|95|304|(302)|2||35|132| ||13,093|2,522|2,436|86|99|1,070|14,348| |roup|||||||| |||||Net|||| ||At 1|||incomel|||At 31| ||January
2021
f'000|Income
f'000|Expenditure
f'000|(expend-
iture)
f'000|Gains/
losses
f'000|Transfers
f'000|December
2021
f'000| |Diocesan Pastoral
Account|12,790|100|(40)|60|86|1,035|13,971| |Diocesan|||||||| |Stipends
Fund|||||||| |Income Account||1,696|(1,696)||||| |New Churches|||||||| |Fund|61||||||61| |Clergy Well-being
fund|137|3|(3)||13||150| |RME Fund|10|419|(395)|24|||34| |Schools fund|95|304|(302)|2||35|132| |Subsidiary
trusts|1,110||||158||1,268| ||14,203|2,522|2,436|86|257|1,070|15,616| ## ## ## ## ## ## ## ## ## ## ## |||At 1|||Net|||At 31| |---|---|---|---|---|---|---|---|---| |||January
2021
f'000|Income
f'000|Expen-
diture
f'000|incomel
(expenditure)
f'000|Gains &
losses
f'000|Transfers
f'000|December
2021
f'000| |Stipends|Capital|44,821||(63)|(63)|6,906|133|51,257| |Fund||||||||| |Glebe||4,322||(13)|(13)|143|(133)|4,319| |Team Vicarage
Fund||2,901||||281||3,182| |Parsonage
Houses Fund
Schools Fund||78,715
4,542||||7,021
515|(1,135)|84,601
5,057| |||134,761||(76)|(76)|14,866|(1,135)|148,416| |2020 Comparatives||At 1|||Net|||At 31| |||January
2020
f'000|Income
f'000|Expen-
diture
f'000|incomel
(expenditure)
f'000|Gains &
losses
f'000|Transfers
f'000|December
2020
f'000| |Stipends|Capital|42,710||656|656|1,570|(655)|44,821| |Fund||||||||| |Glebe
Team Vicarage||4,341
3,493||(26)|(26)|50
229|(43)
(821)|4,322
2,901| |Fund||||||||| |Parsonage||73,685||||7,037|(2,007)|78,715| |Houses|Fund|||||||| |Schools|Fund|4,361||||181||4,542| |||128,590||630|630|9,067|(3,526)|134,761| ## ## ## ## ## |Board|||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|| |||Funds|Funds|Funds|Total| |||K'000|K'000|R'000|'Z'000| |Fixed assets||12,403|301|88,292|100,996| |Investments||18,311|4,422|60,505|83,238| |Net current assets I (liabilities)||1,529|(56)|(829)|667| |Non-current|liabilities||||| |Provisions||(1,111)|||(1,134)| |||31,132|4,667|147,968|183,767| |Interfund
borrowing||(10,129)|9,681|448|| |Net assets||21,003|14,348|148,416|183,767| |Group|||||| |||Unrestricted|Restricted|Endowment|| |||Funds|Funds|Funds|Total| |||R'000|K'000|K'000|K'000| |Fixed assets||12,403|301|88,292|100,996| |Investments||18,348|5,690|60,505|84,543| |Net current assets/(liabilities)||1,490|(56)|(829)|605| |Non-current|liabilities||||| |Provisions||(1,134)|||(1,134)| |||31,107|5,935|147,968|185,010| |Interfund
borrowing||(10,129)|9,681|448|| |Net assets||20,978|15,616|148,416|185,010| |Funds (Group) at 31December 2020are represented
by:|||||| |||Unrestricted|Restricted|Endowment|| |||Funds|Funds|Funds|Total| |||8'000|E'000|E'000|E'000| |Fixed assets||12,742|278|79,460|92,480| |Investments
Net current assetsI(liabilities)||16,071
2,245|3,780
81|2,166|72,133
4,492| |Non-current|liabilities|||(60)|(60)| |Provisions||(813)|||(813)| |||30,245|4,139|133,848|168,232| |Interfund
borrowing||(10,973)|10,059|914|| |||19,272|14,198|134,762|168,232| ## ## |This liability represents|the present value of|the present value of|the deficit contributions|agreed as atthe accounting|date and has| |---|---|---|---|---|---| |been valued using the|following|assumptions|set by reference to the|duration
ofthe deficit recovery payments:|| |||||December
December|December| |||||2021
2020|2019| |Discount rate
Price inflation
Increase to total pensionable||payroll||0.0 pa
n/a
-1.5'/o pa
0.2'/o pa
3.1'/o pa
1.6'/o pa|1.1'/o pa
2.8'/o pa
1.3'/o pa| ## ## ## ## ## |e Board does|not control th|em. The fina|ncial assets|held in this way ma|y be summarised
as f|ollows:| |---|---|---|---|---|---|---| ||||||2021|2020| ||||||Valuation|Valuation| ||||||f'000|E'000| |Miscellaneous|listed investments||||3,033|2,938| |Central Board|ofFinance:|Investment|Fund shares||14,943|13,174| |||Fixed interest securities||fund units|408|434| |||Deposits|||2,057|1,994| |Other assets|||||(70)|300| |Cash at bank|||||373|191| |Total assets held as custodian
trustee|||||20,743|19,030|