# 

# 

# 

## 

## 



## 

## 

|Table ofContents|||Page|
|---|---|---|---|
|Foreword||||
|Legal Objects||||
|Strategic Aims and Objectives||||
|Activities and Acheivements||in the Year||
|Future Plans||||
|Financial<br>Review||||
|Principal<br>Risks and Uncertainties|||13|
|Structure, Governance|and Management||14|
|Trustees'<br>Responsibilities|||16|
|Administrative<br>Details|||17|
|Independent<br>Auditors|Report||18|
|Statement of Financial|Activities||21|
|Balance Sheet|||22|
|Cash Flow Statement|||23|
|Notes to the Financial|Statements||24|





## 

## 

## 

## 



## 

## 



## 

## 

|||Current number 2021|Target number 2025|
|---|---|---|---|
|Resourcing<br>Churches|||12|
|New Congregations|Sheffield &Rotherham||25|
|New Congregations|Doncaster||25|
|New Congregations|Schools||25|



## 

## 



## 

## 

## 

## 



## 

## 



## 

## 

|Rev lan Parkinson||Associate Archdeacon|Transition|Enabler|Jan-21|
|---|---|---|---|---|---|
|Rev Julie Upton||Associate Archdeacon|Transition|Enabler|Jan-21|
|Ruth Dunlop||Human<br>Resources Director|||Apr-21|
|Rev Christopher|Stebbing|Associate Archdeacon|Transition|Enabler|Jun-21|
|Rev Julie Bacon||Associate Archdeacon|Transition|Enabler|Jul-21|
|Rev Stephen<br>Edmonds||Associate Archdeacon|Transition|Enabler|Jul-21|
|Rev Clive Hogger||Associate Archdeacon|Transition|Enabler|Aug-21|
|Keith Mallon||Finance Director|||Dec-21|





## 

## 

## 

## 

## 



## 



## 



## 

## 

## 

## 



## 



## 

## 

## 



## 

## 

## 



## 

## 

## 

|President||The Right Reverend<br>Dr PJ Wilcox|The Right Reverend<br>Dr PJ Wilcox|The Right Reverend<br>Dr PJ Wilcox||||
|---|---|---|---|---|---|---|---|
|Chair||IG Walker MSc, MA, CEng, FIET||||||
|Deputy Chair||N Birchenall||||||
|Other Directors||JA Butcher MA (Cantab), MSc, PhD||||||
|||The Venerable<br>M LChamberlain||BA, BTh, MPhil||||
|||The Reverend<br>C Dawson||||||
|||IR Downing||||||
|||The Venerable<br>J Iqbal||||||
|||The Right Reverend<br>Sophie Jelly||||||
|||The Reverend<br>F Kouble||||||
|||M MacDonald||||||
|||IJ Newton<br>BA FCA||||||
|||Lay Canon<br>P M Rainford<br>MA||||||
|||The Reverend<br>EEM Robertshaw||BA, PGCE, MTh (Resigned 31stDec 2021)||||
|||The Reverend<br>Canon<br>Ml Rhodes||(From 1stJanuary 2022)||||
|||The Reverend<br>I Smith BA||||||
|||The Reverend<br>EH Steele (From 27th Feb 2022)||||||
|||The Very Reverend<br>ALThompson||(From 21st Nov|2021)|||
|Secretary||K Bell||||||
|Registered|Office:|Diocesan Church House, 95-99Effingham<br>Street,|||Rotherham,||565 1BL|
|Bankers||Yorkshire<br>Bank Pic, 6A High Street, Mexborough,|||564|9AP||
|Auditors||Hawsons,<br>Pegasus House, 463A||Glossop Road, Sheffield, 510|||2QD|
|Solicitors||Wake Smith Solicitors, No.1Velocity, 2 Tenter Street,||||Sheffield, 514BY||
|Investment|advisers|CCLA Investment<br>Management|Ltd|||||
|||80Senator House, 85 Queen Victoria Street, London,||||EC4V 4ET||
|Glebe Agents||Savills, 48 Bootham, York, YO30||7WZ||||
|Insurers||EIG, Beaufort House, Brunswick||Road, Gloucester,|GL1 1JZ|||



## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



EFFIEiD DIOCESAN BOAAD OF FIPIAN
Ind•pwdertAuditses Rewtfor End￿31 Def•M￿ 11111
Thè Charitable company is subject to laws and re8ul4tions that dirertty and Indirectly affert the financial statement
Based on our understandin8 of the charits￿e cofflpany and the environrnent it operates within, we determined that
the laws and re8ulatyons which were most $￿n￿c3nt included FRS 102 and the Companiès Art 2￿6. We cortSFdtr*d the
extent to which non-Com￿lance with thtst laws and re8ulations might have a material e(lert on the financial
ststements, includin8 how fraud might octur. We evaluated management's intentNe5 and oppwtunities forfraudul¢nt
manipulation of the finantial statemÈnts lintludin8 the risk of override ol controls). and determined that the principal
risks were related to the postyn8 of inappropriate journal entries to improve the chariVs result for the period. and
management bias In key auounting estimates.
Audit procedures performed by the en8a8ernent tearn wKluded:
Discussions with managemeni and those responsible for le8al compliance procedures within the charitable
company io obtain an understandin8 of the legal and regulatory framew(Yk aP￿Icable to the charity and
how the charitytomplies with thatframtwtxk. indudin8 consideration of known or SU5￿cted instsnces of
non.t0mpl1an￿ with laws and re8vlations and fra￿1.
Reviewn8 minute5 ofTrustee rneeti￿.
• Idtntifyin8 and a55es5in8 the desy effectivene55 of control5 that mana8ement has in Pla￿ to prevent and
detect fra￿1 and non-compliance with laws and regUla￿n$.
Challen8in8 assumptions and judgements made by Man￿rneDt In their signif￿Ant attountirg estimates.
Identifyin8 and t￿tIn8 journal entr￿$. in particular any journal entsies posted with unLtsual account
combinations or posted by senior mana8emenL
There are inherent limitation5 in the audit procedures i*sutbed alxwe and the more remo¥e£l non-compllance wlth
laws and regulations is Irom the events and tran$arti￿$ reflerted in the financial statements, the less likely we are to
become aware of it. A150, the risk of not detecbn8 a material mi$5tstement due to fraud is hi8her than the risk of not
(letertin8 one resultin8 from error. a5 frzud may invcAve deliberate concealment by. for example. for8ery or intentional
misrepresentations. or throu8h collusion.
A further descriptlon of our reSP(￿lbilItieS is avallawe on the Financial Reportin8 Counol's website at
www.frc.org.uk1auditorslaudit-assufancelaudrtor-s-￿pOn￿bIIttIes-fof-the-aUdlt-0f-the-fi/desenPt•Dft-of-the-audItorfs-
rtspon5ibilities*for. This d*striPii¢)n forn)s part of our auditorfs reporL
Llse ofow report
This report is made solely to ihe tharitsble comparfs members, as a body. in accordan￿ with Chapter 3 of Pèrt 16 of
the Companies Act 2(￿. Our audr( work has been undertaken so that we mi8ht stste to the tharitable cOnwan￿5
members those matters we are reguired to stste to them in an auditorfs report and for no other purpose. To the fullest
extent pemiltted by law, we do not accept or assume responsibility to ènyone other than the charitsble company and
the charitable company's members as a body. for our audit work. for thi5 report. or for the opinionswe have formed.
Simon Bladen (Seniof Ststutory Auditor)
For and on behalf Hawsons Chartered Acc￿nIants, Statutory Auditor
Pegasus House
463a G10$5¢p Road
effield $10 2QD
10 h.liotl
Pxe20¢3141

## 

||||Unrestricted|funds|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||General|Designated|Funds|Funds|2021|2020|
|||Note|f'000|f'000|f'000|f'000|f'000|f'000|
|Income and endowments|from||||||||
|Donations|||||||||
|Parish contributions|||3,572||||3,577|3,979|
|Archbishops'<br>Council|||900||3,835||4,735|3,523|
|Other donations|||149|160|275||584|665|
|Charitable<br>activities|||430||||435|390|
|Other activities|||245||16||261|287|
|Investments|||135||492||671|715|
||||5,431|160|4,628|44|10,263|9,559|
|Expenditure<br>on|||||||||
|Raising funds|||87||||87|113|
|Charitable<br>activities|||5,396|139|4,348|72|9,955|9,592|
||||5,483|139|4,348|72|10,042|9,705|
|Net income / (expenditure)<br>investment<br>gains|before||(52)|21|280|(28)|221|(146)|
|Net gains / (losses) on investments|||609||1,113|1,119|2,841|1,164|
|Net income / (expenditure)|for|year|557|21|1,393|1,091|3,062|1,018|
|Transfer between funds||18|97||(97)||||
|Other recognised gains / (losses)|||||||||
|Gains on fixed assets|||78|||528||418|
|Net movements<br>in funds|||732|21|1,296|1,619||1,436|
|Total funds brought<br>forward|||5,910|157|8,571|44,960|59,598|58,162|
|Total funds carried<br>forward||17|6,642|178|9,867|46,579|63,266|59,598|





## 

||||Unrestricted|funds|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||General|Designated|Funds|Funds|2021|2020|
|||Note|f'000|f'000|f'000|f'000|f'000|f'000|
|FIXEDASSETS|||||||||
|Tangible fixed assets||12|2,027|||33,234|35,261|34,388|
|Investments||13|4,844||8,521|12,111|25,476|24,204|
||||6,871||8,521|45,345|60,737|58,592|
|CURRENT ASSETS|||||||||
|Debtors||14|80||757||837|588|
|Cash at bank and in|hand||884|178|790|1,234|3,086|2,233|
|||||178|1,547|1,234|3,923|2,821|
|CREDITORS: amount|||||||||
|falling due within one||15|(332)||(138)||(470)|(580)|
||||632|178|1,409|1,234|3,453|2,241|
|TOTAL ASSETS LESS|||||||||
|CURRENT UABILITIES|||7,503|178|9,930|46,579|64,190|60,833|
|CREDITORS: amount|||||||||
|falling due after more||16|(650)||(63)||P13)|(815)|
|than one year|||||||||
|Net assets excluding|pension|liabilities|6,853|178|9,867|46,579|63,477|60,018|
|Defined benefit pension<br>liabilities||21|(211)||||(211)|(420)|
||||6,642|178|9,867|46,579|63,266|59,598|
|FUNDS|||||||||
|Endowment<br>funds||||||46,579|46,579|44,960|
|Restricted funds|||||9,867||9,867|8,571|
|Unrestricted<br>funds|||6,642|178|||6,820|6,067|
||||6,642|178|9,867|46,579|63,266|59,598|





## 

|||||2021|||2020||
|---|---|---|---|---|---|---|---|---|
|||||f'000|f'000||f'000|f'000|
|Net cash (outflow) from operating<br>activities|||||(1,005)|||(1,320)|
|Cash flow from investing|activities||||||||
|Dividends,<br>interest and rent from investments||||671|||715||
|Interest paid||||(38)|||(38)||
|Proceeds from the sale of:|||||||||
|Tangible fixed assets||||1,612|||619||
|Fixed assets investments||||2,955|||1,298||
|Purchase of:|||||||||
|Tangible Fixed Assets for the use ofthe SDBF||||(1,889)|||(853)||
|Fixed assets investments||||(1,386)|||(14)||
|Net cash provided<br>by investing<br>activities|||||1,925|||1,727|
|Cash flow form financing|activities||||||||
|Loans repaid by the SDBF||||(106)|||(108)||
|Loans repaid to the SDBF||||39|||47||
|||||||(67)||(61)|
|Change in cash and cash equivalents||in the reporting|||||||
|period|||||853||||
|Cash and cash equivalents|at 1January||||2,233|||1,887|
|Cash and cash equivalents|at 31December||||3,086|||2,233|
|Reconciliation<br>ofnet income / (expenditure)|||to net||||||
|cash flow from operating|activities||||||||
|Net income /(expenditure)|for the year||||3,062|||1,018|
|ended 31December|||||||||
|Adjustments<br>for:|||||||||
|Depreciation<br>charge||||||10||14|
|Dividends,<br>interest and rent from investments|||||(671)|||(715)|
|Interest paid||||||38||38|
|(Increase) / Decrease in debtors|||||(288)|||237|
|(Decrease) in creditors|||||(106)|||(396)|
|(Decrease) in Pension<br>Liability|||||(209)|||(352)|
|Pension scheme deficit (increase) / decrease|||||||||
|Unrealised<br>(gains) / losses|on investments||||(2,841)|||(1,164)|
|Net cash (used in) operating<br>activities|||||(1,005)|||(1,320)|
|Analysis ofcash and cash equivalents|||||||||
|Cash at bank and in hand|||||3,086|||2,233|





## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

|Share before th|en.|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|funds|Restricted|Endowment|Total|Total|
|||||General|Designated|Funds|Funds|2021|2020|
|||||f'000|f'000|f'000|f'000|f'000|f'000|
|Current year||||||||||
|Parish contributions||||3,250||||3,255|3,537|
|Receipts for previous|||years|43||||43|55|
|||||3,293||||3,298|3,592|
|Parish assistant|staff|||279||||279|387|
|||||3,572||||3,577|3,979|
|Archbishops'<br>Council||||||||||
|||||Unrestricted|funds|Restricted|Endowment|Total|Total|
|||||General|Designated|Funds|Funds|2021|2020|
|||||f'000|f'000|E'000|f'000|f'000|f'000|
|LINC and Transition||Funding'||||1,820||1,820|1,798|
|Strategic Development|||Fund|||796||796|743|
|Sustainability<br>Fund"||||900||||900|600|
|Capacity Funding||||||138||138|114|
|Resourcing<br>Ministerial|||Education|||335||335|268|
|Transformation|Bid|||||746||746||
|||||900||3,835||4,735|3,523|



|Other dona|tions|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|funds|Restricted|Endowment|Total|Total|
|||General|Designated|Funds|Funds|2021|2020|
|||f'000|f'000|f'000|f'000|f'000|f'000|
|Allchurches|Trust grant||160|||160|154|
|Church Burgesses||1||75||76|75|
|Donations||148||200||348|436|
|||149|160|275|||665|





|3|CHARITABLE ACTIVITIES|Unrestricted|funds|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||General|Designated|Funds|Funds|2021|2020|
|||f'000|f'000|f'000|f'000|f'000|f'000|
||Statutory fees|334||||334|244|
||Guaranteed<br>annuities||||||1|
||Chaplaincy<br>and other|56||||56|105|
||Education|40||||45|40|
|||430||||435|390|
|4|OTHER ACTIVITIES|Unrestricted|funds|Restricted|Endowment|Total|Total|
|||General|Designated|Funds|Funds|2021|2020|
|||f'000|f'000|f'000|f'000|f'000|f'000|
||Housing income|245||16||261|287|
|||245||16||261|287|
|5|INVESTMENT INCOME|Unrestricted|funds|Restricted|Endowment|Total|Total|
|||General|Designated|Funds|Funds|2021|2020|
|||f'000|f'000|f'000|f'000|f'000|f'000|
||Dividend<br>receivable|133||400||577|581|
||Interest receivable|2||1||3|6|
||Rents receivable|||91||91|128|
|||135||492||671|715|
|6|FUND RAISING COSTS|Unrestricted|funds|Restricted|Endowment|Total|Total|
|||General|Designated|Funds|Funds|2021|2020|
|||f'000|f'000|f'000|f'000|f'000|f'000|
||Glebe agent's fee|62||||62|83|
||Parsonage<br>rental costs|25||||25|30|
|||87||||87|113|





|7|CHARITABLE ACTIVITIES|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|funds|Restricted|Endowment|Total|Total|
|||||General|Designated|Funds|Funds|2021|2020|
|||||f'000|f'000|f'000|f'000|f'000|f'000|
||Contributions<br>toArchbishops'||Council|||||||
||Training for ministry|||188||||188|188|
||National<br>church responsibilities|||131||||131|141|
||Grants and provisions|||16||||16|16|
||Mission agency pension costs|||8||||8|7|
||Retired clergy housing costs|||69||||69|67|
||Pooling ofordinands<br>maintenance<br>grants||||||||(30)|
||General Synod expenses|||||||||
|||||415||||415|393|
||Resourcing<br>Ministry and Mission|||||||||
||Parish Ministry|||||||||
||Stipends and national|insurance||726||2,550||3,276|3,143|
||Pension contribution|||764||||764|721|
||Housing costs|||1,405||||1,405|1,106|
||Removal, resettlement|and||94||||94|106|
||grants|||||||||
||Other expenses|||133|131|374||638|914|
|||||3,122|131|2,924||6,177|5,990|
||Support for parish ministry|||1,615||23|72|1,718|1,548|
|||||4,737|139|2,947|72|7,895|7,538|
||Expenditure|||||||||
||Support for church schools|and||150||108||258|240|
||parishes|||||||||
||Projects|||94||1,293||1,387|1,421|
|||||||1,401||1,645|1,661|
|||||5,396|139|4,348|72|9,955|9,592|





## 

||||||||Activities|Grant|Support|Total Costs|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Undertaken|Funding of|Costs|2021|
||||||||Directly|Activities|||
||||||||f'000|f'000|f'000|f'000|
||Raising funds||||||87|||87|
||Charitable<br>activities:||||||||||
||Contributions|||to Archbishops'|Council|||415||415|
||Resourcing||parish<br>ministry||||4,877|2,550|468|7,895|
||Schools and||Projects|||||1,645||1,645|
||||||||4,964|4,610|468|10,042|
||||||||Activities|Grant|Support|Total Costs|
||||||||Undertaken|Funding of|Costs|2020|
||||||||Directly|Activities|||
||||||||f'000|f'000|f'000|f'000|
||Raising funds||||||113|||113|
||Charitable<br>activities:||||||||||
||Contributions|||to Archbishops'|Council|||393||393|
||Resourcing||parish ministry||||5,003|2,088||7,538|
||Schools and||Projects|||||1,661||1,661|
||||||||5,116|4 142||9,705|
|9|ANALYSIS OF SUPPORT COSTS||||||||||
|||||||Unrestricted|funds|Restricted|Endowment|Total|
|||||||General|Designated|Funds|Funds|2021|
|||||||f'000|E'000|f'000|f'000|E'000|
||Central administration|||||407||||407|
||Governance:||||||||||
||External audit|||||23||||23|
||Registrar|and||Chancellor||37||||37|
||Diocesan|Synodical costs||||1||||1|
|||||||468||||468|
|||||||Unrestricted|funds|Restricted|Endowment|Total|
|||||||General|Designated|Funds|Funds|2020|
|||||||f'000|f'000|f'000|f'000|E'000|
||Central administration||||||||||
||Governance:||||||||||
||External audit|||||21||||21|
||Registrar|and||Chancellor||58||||58|
||Diocesan|Synodical costs||||4||||4|





## 

## 

|10|ANALYSIS OF GRANTS MAD|E|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Total|Total|
|||||||||Nbr|Individuals|Institutions|2021|2020|
||||||||||f'000|f'000|E'000|f'000|
||From unrestricted<br>funds for|National|||Church||||||||
||responsibilities||||||||||||
||Contributions<br>to Archbishops'||Council|||||||415|415|393|
||From unrestricted<br>funds:||||||||||||
||PCCs for faculty fees|||||||||13|13|21|
||Clergy for training|||||||40|7||7|21|
||Ordinands<br>in training|||||||16|192||192|127|
||Regional Training<br>Partnership|||||||||||7|
|||||||||56|199|13|212|176|
|11|STAFF COSTS||||||||||||
||||||||||||2021|2020|
||||||||||||f'000|f'000|
||Employee costs during the year|||were as follows:|||||||||
||Wages and salaries||||||||||2,178|1,960|
||National<br>Insurance<br>contributions||||||||||201|170|
||Pension costs||||||||||195|207|
||||||||||||2,574|2,337|
||The average number ofpersons|||employed||during|the year:||||||
||||||||||||Number|Number|
||Administration<br>and financial|management|||||||||17|17|
||Property||||||||||2|2|
||Discipleship<br>& Ministry,<br>Stewardship||||||||||13|12|
||Safeguarding<br>and inclusion||||||||||4|5|
||Projects staff funded<br>from reserves||||||||||7|9|
||Projects staff externally<br>funded||||||||||39|34|
||||||||||||82|79|
||The average number ofpersons|||employed||during|the year based||||||
||on full-time equivalents:||||||||||Number|Number|
||Administration<br>and financial|management|||||||||14.5|14.3|
||Discipleship<br>& Ministry,<br>Stewardship||||||||||12.3|10.4|
||Safeguarding<br>and inclusion||||||||||3.4|3.6|
||Projects staff funded from reserves||||||||||4.4|6.5|
||Projects staff externally<br>funded||||||||||32.0|27.0|
||||||||||||66.6|61.8|
||The number ofstaff whose emoluments||||(including||benefits|in kind but excluding|||||
||pension<br>contributions)<br>amounted|||to more||than E60,000were as follows:|||||Number|Number|
||f60,001- f70,000||||||||||||
||f70,001 - f80,000||||||||||||
||Pension payments<br>ofE14,105||were made|||for these employees (2020:E6,357).|||||||





## 

|Diocesan|Diocesan|Secretary and Company|Secretary|Katie Bell|
|---|---|---|---|---|
|Director||of Finance to 28th February 2021||Chun Tsang|
|Interim|Director ofFinance from||19th May 2021to 18th October 2021|Kendrick Macpherson|
|Director||of Finance from 1st December 2021||Keith Mallon|
|Director||of Formation for Ministry||Dr Christine Gore|
|Director||of Parish Support||Revd M Cockayne|
|Director||of Education||Huw Thomas|



## 

|follo<br>year:|wing table gives d|etails ofthe Trustees who were in receipt ofa stip|end and/or<br>housing<br>provided<br>by the S|DBFduring|
|---|---|---|---|---|
||||Stipend|Housing|
|The|Right Revd 5Jelley||No|Yes|
|Venerable j Iqbal|||Yes|Yes|
|Venerable<br>M Chamberlain|||Yes|Yes|
|Revd|I Smith||Yes|Yes|
|Revd|E M Robertshaw|(resigned 31/12/2021)|Yes|Yes|
|Revd|Fiona Kouble||Yes|Yes|
|Revd|Claire Dawson||Yes|Yes|



|in the d|iocese, and|the costs were as follows:|||
|---|---|---|---|---|
||||2021|2020|
||||E'000|E'000|
|Stipend|||3,021|3,139|
|National|Insurance|contributions|255|267|
|Pension|costs||1,013|843|
||||4 289|4 249|





## 

|TANGIBLE FIXEDASSETS||||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Funds||Parsonages|Stipend||
||Freehold|Leasehold||Office|Fund|Fund||
||Properties|Properties||Equipment|Properties|Properties|Total|
||f'000|f'000||f'000|f'000|f'000|f'000|
|Cost or valuation||||||||
|At 1January 2021|2,553|||46|29,186|2,639|34,424|
|Additions|||||1,101|788|1,889|
|Disposals|(526)||||(480)||(1,006)|
|At 31December 2021|2,027|||46|29,807|3,427|35,307|
|Depredation||||||||
|At 1January 2021||||36|||36|
|Disposals||||||||
|Charge for the year||||10|||10|
|At 31December 2021||||46|||46|
|Net BookValue||||||||
|At 31December 2021|2,027||||29,807|3,427|35,261|
|At 31December 2020|2,553|||10|29,186|2,639|34,388|



## 

|FIXEDA|SSE|TS INVESTMENTS||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Change<br>in|At 31Dec|
||||At|1Jan 2021|Additions|Disposals|Transfers|Market Value|2021|
|||||f'000|f'000|f'000|f'000|f'000|f'000|
|Unrestricted||funds||||||||
|Unlisted|investments|||4,235||||609|4,844|
|Restricted funds||||||||||
|Unlisted|investments|||7,894|235|(721)||1,113|8,521|
|Endowment||funds||||||||
|Investment||property||4,342||(598)||161|3,905|
|Unlisted|investments|||7,733|1,151|(1,636)||958|8,206|
|||||12,075|1,151|(2,234)||1,119|12,111|
|Total||||24,204|1,386|(2,955)||2,841|25,476|





|14|DEBTORS|||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E'000|f'000|
||Due within one year|||||||
||Current year Common|Fund|||||2|
||Loans to parishes|||||27|27|
||Loans to schools|||||12|13|
||Other debtors and prepayments|||||387|96|
|||||||426|138|
||Due after more than one year|||||||
||Loans to parishes|||||348|375|
||Loans to schools|||||63|75|
|||||||411|450|
||Total debtors|||||837|588|
|15|CREDITORS: amounts|falling due within||one year||||
|||||||2021|2020|
|||||||f'000|f'000|
||Church Commissioners|other loans||||21|25|
||Deferred income||||||15|
||Other creditors and accruals||||||540|
|||||||470|580|
|16|CREDITORS: amounts|falling due after more than|||one year|||
|||||||2021|2020|
|||||||f'000|f'000|
||Loan repayment<br>instalments||due after more than||one year|||
||Church Commissioners||value-linked|loans||619|703|
||Church Commissioners||other loans|||6|12|
||Other loans|||||88|100|
|||||||713|815|
||The maturity ofthe above loans may be analysed||||as follows:|||
||Between one and|two years||||6|24|
||Between two and|five years||||38|38|
||In five years or more|||||669|753|
|||||||713|815|





## 

|17|SUMMARY OF|SUMMARY OF|FUND MOVEMENTS|2021YEAR END||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Gains and|At 31Dec|
|||||At 1Jan 2021|Income|Expenditure|Transfers|Losses|2021|
|||||f'000|f'000|f'000|f'000|f'000|f'000|
||UNRESTRICTED||FUNDS|||||||
||General|||5,910|5,431|(5,483)|97|687|6,642|
||Designated<br>Funds:|||||||||
||Clergy Conference|||30||(8)|||22|
||Church House|Refurbishment||13|||||13|
||Allchurches<br>Trust Fund|||107|160|(131)|||136|
||Restructuring|Fund||7|||||7|
|||||157|160|(139)|||178|
||RESTRICTED FUNDS|||||||||
||Stipend Income||||2,125|(2,125)||||
||Pastoral|||2,796|73|(20)||332|3,181|
||Church<br>in Action|||4,615|142|(315)|(97)|670|5,015|
||Schools|||475|106|(108)||57|530|
||Projects|||294|2,173|(1,780)|||687|
||Miscellaneous|Trusts||391|9|||54|454|
|||||8,571|4,628|(4,348)|(97)|1,113|9,867|
||ENDOWMENT||FUNDS|||||||
||Stipend<br>Fund Capital|||11,573||(72)||437|11,938|
||Parsonages|||31,846||||989|32,879|
||Schools|||1,541||||221|1,762|
|||||44,960|44|(72)||1,647|46,579|
||TOTAL FUNDS|||59,598|10,263|(10,042)||3,447|63,266|





## 

## 

|SUMMARY OF FUND MOVEMENTS|2020 YEAR END||||||
|---|---|---|---|---|---|---|
||As restated||||Gains and|At 31Dec|
||At 1Jan 2020|Income|Expenditure|Transfers|Losses|2020|
||f'000|f'000|f'000|f'000|f'000|f'000|
|UNRESTRICTED FUNDS|||||||
|General|5,350|5,542|(5,398)|148|268|5,910|
|Designated<br>Funds:|||||||
|Clergy Conference|30|||||30|
|Church House Refurbishment|13|||||13|
|Quinquennial<br>Costs|100||(23)|(77)|||
|Interim &Assist. Diocesan Secretary|60||(20)|(40)|||
|Strategy implementation|65|||(65)|||
|Allchurches<br>Trust Fund|105|154|(149)|(3)||107|
|Restructuring<br>Fund|100||(93)|||7|
||473|154|(285)|(185)||157|
|RESTRICTED FUNDS|||||||
|Stipend Income||2,148|(2,148)||||
|Pastoral|2,619|71|(11)||117|2,796|
|Church<br>in Action|4,612|143|(424)|3|281|4,615|
|Schools|420|100|(104)|34|25|475|
|Projects|265|1,361|(1,332)|||294|
|Miscellaneous<br>Trusts|367||||24|391|
||8,283|3,823|(4,019)|37|447|8,571|
|ENDOWMENT<br>FUNDS|||||||
|Stipend<br>Fund Capital|11,090||(3)||486|11,573|
|Parsonages|31,478|40|||328|31,846|
|Schools|1,488||||53|1,541|
||44,056|40|(3)||867|44,960|
|TOTAL FUNDS|58,162|9,559|(9,705)||1,582|59,598|





## 

|ANALYSIS O|F|TRANSFERS BETWE|EN FUNDS||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|funds|Restricted|Endowment|
||||||General|Designated|Funds|Funds|
||||||f'000|f'000|f'000|f'000|
|From Church||in Action to General|Fund fund||97||(97)||
||||||97||97||
|SUMMARY|OF ASSETS BYFUND 2021YEAR END||||||||
|||||||Current|||
|||||Fixed Assets|Investments|Assets|Creditors|Net Assets|
|||||f'000|f'000|f'000|f'000|f'000|
|UNRESTRICTED FUNDS|||||||||
|General||||2,027|4,844|964|(1,193)|6,642|
|Designated|funds||||||||
|Clergy Conference||||||22||22|
|Church House||Refurbishment||||13||13|
|Allchurches|Trust Fund|||||136||136|
|Restructuring||Fund||||7||7|
|||||||178||178|
|RESTRICTED FUNDS|||||||||
|Pastoral|||||2,657|526||3,183|
|Church<br>in Action|||||4,987|153|(122)|5,018|
|Schools|||||451|157|(79)|529|
|Projects||||||683||683|
|Miscellaneous||Trusts|||426|28||454|
||||||8,521|1,547|(201)|9,867|
|ENDOWMENT||FUNDS|||||||
|Stipend<br>Fund Capital||||3,429|6,850|1,659||11,938|
|Parsonages||||29,805|3,498|(425)||32,878|
|Schools|||||1,763|||1,763|
|||||33,234|12,111|1,234||46,579|
|TOTAL FUNDS||AS AT31DECEMBER 2021||35,261|25,476|3,923|(1,394)|63,266|



## 



## 

|||||Current||Restated|
|---|---|---|---|---|---|---|
|||Fixed Assets|Investments|Assets|Creditors|Net Assets|
|||f'000|f'000|f'000|f'000|f'000|
|UNRESTRICTED FUNDS|||||||
|General||2,563|4,235|672|(1,560)|5,910|
|Designated<br>funds|||||||
|Clergy Conference||||30||30|
|Church House|Refurbishment|||13||13|
|Allchurches<br>Trust Fund||||107||107|
|Restructuring|Fund|||7||7|
|||||157||157|
|RESTRICTED FUNDS|||||||
|Pastoral|||2,310|487||2,797|
|Church<br>in Action|||4,817|(47)|(152)|4,618|
|Schools|||394|173|(93)|474|
|Projects||||290||290|
|Miscellaneous|Trusts||373|19||392|
||||7,894|922|(245)|8,571|
|ENDOWMENT|FUNDS||||||
|Stipend<br>Fund|Capital|2,640|8,351|592|(10)|11,573|
|Parsonages||29,185|2,183|478||31,846|
|Schools|||1,541|||1,541|
|||31,825|12,075|1,070|(10)|44,960|
|TOTAL FUNDS|ASAT31DECEMBER 2020|34388|24 204|2 821|1815|59,598|



## 

## 

## 



## 

## 

## 

|Pastoral|Fund||The Diocesan Pastoral account was set up under the provisions ofthe Pastoral Measure 1983.The|The Diocesan Pastoral account was set up under the provisions ofthe Pastoral Measure 1983.The|The Diocesan Pastoral account was set up under the provisions ofthe Pastoral Measure 1983.The|The Diocesan Pastoral account was set up under the provisions ofthe Pastoral Measure 1983.The|The Diocesan Pastoral account was set up under the provisions ofthe Pastoral Measure 1983.The|
|---|---|---|---|---|---|---|---|
||||restricted purposes for which the account may be used are:|||||
||||to defray costs incurred for the purposes ofthe Measure or any scheme or order||||made|
||||under the Measure except for salaries ofregular<br>Diocesan employees|||||
||||to make loans or grants for the provision,<br>restoration,<br>improvement||or repair|ofchurches||
||||and parsonage<br>houses<br>in the Diocese|||||
||||other purposes ofthe Diocese or any benefice or parish<br>in the Diocese|||||
||||to make grants or loans to any other dioceses|||||
||||to transfer funds to the Diocesan Stipends<br>Fund income or capital accounts.|||||
|Church|in Action||The Church<br>in Action fund originates<br>from an appeal<br>by that name launched<br>in 1945to provide money|||||
||||for new churches<br>in the Diocese. Compensation<br>paid to the Diocese from the Government's<br>War|||||
||||Emergencies<br>Fund in respect ofchurches demolished<br>in the blitz was added to the||fund. The fund|||
||||financed the building ofseveral new churches<br>but what remains<br>is used to fund grants and loans||||to|
||||parishes for the improvement<br>ofparish buildings.<br>It can also be used for clergy training,<br>stipends||||and|
||||pensions,<br>providing<br>Christian<br>social workers and improvements<br>to church schools.||The fund is regulated|||
||||by a scheme ofthe Charity Commission<br>dated 10May 1974.|||||
|Church|Schools Fund||This represents<br>unexpended<br>accumulations<br>ofsale proceeds ofredundant<br>Church||of England|School||
||||properties.<br>Its use is restricted<br>by law to capital and maintenance<br>work for Church||of England|schools in||
||||the Diocese and education<br>generally at Church of England schools in the Diocese. The SDBF is|||Trustee of||
||||these funds, which are managed<br>on a day to day basis by and in consultation<br>with|the Board of||||
||||Education.|||||
|projects|||The projects undertaken<br>by the SDBFare as follows:|||||
||||1.<br>Mission Partnership<br>Development<br>Worker Project|||||
||||2.<br>Centenary<br>Project|||||
||||3.<br>Children' s, Youth and Families Worker Project|||||
||||4.<br>Resourcing<br>Churches Project|||||
|Miscellaneous||Trusts|There are seven trust funds where the Board acts as trustee and controls the management<br>and use of|||||
||||the funds. These are as follows:|||||
||||Queen Victoria Fund|||||
||||Training ofOrdinands<br>-Alice Marple Trust|||||
||||Training ofOrdinands<br>- Ej Freeman Bequest|||||
||||Elizabeth<br>Bramall Trust|||||
||||Sheffield Scripture Readers General Trusts|||||
||||Sheffield Scripture Readers Benevolent Trusts|||||
||||First Lord Grimthorpe<br>Charity<br>Fund|||||
|ENDOWMENT||FUNDS||||||
|Stipend|Fund|Capital|The Diocesan Stipends Capital Fund has been created from the Diocesan Stipends|Fund Capital account||||
||||assets held on behalf ofthe Diocese by the Church Commissioners<br>under the Endowments<br>and Glebe|||||
||||Measure 1976to provide income for clergy stipends.<br>It represents<br>the accumulated||sale proceeds||of|
||||glebe property,<br>sale proceeds ofbenefice houses and surplus<br>benefice endowments||following|pastoral||
||||reorganisation.<br>The fund may be used for the purchase,<br>capital improvement<br>and maintenance|||ofglebe||
||||property<br>and benefice houses. Funds can be invested<br>in the CBFChurch of England||Property,|Investment||
||||or Fixed Interest Securities Funds, or simply held on deposit.|||||





## 

## 



## 

||||||2021|2020|
|---|---|---|---|---|---|---|
||||||f'000|f'000|
|Balance sheet|liability as|at 1January|||420|772|
|Contributions|paid||||(217)|(359)|
|Interest costs|(recognised|in the SoFA)|||1|7|
|Remaining<br>change to the||balance sheet liability'|(recognised|in SoFA)|7||
|Balance sheet|liability as|at 31December|||211|420|



|' Comprises change|in|agreed deficit recovery plan, and change|agreed deficit recovery plan, and change|in|discount rate||||
|---|---|---|---|---|---|---|---|---|
|This liability represents||the present value ofthe deficit contributions|||agreed as at||||
|||||||December|December|December|
|||||||2021|2020|2019|
|Discount rate||||||0.09op.a.|0.29( p.a.|1.19(p.a.|
|Price inflation||||||n/a|3.196p.a.|2.89f p.a.|
|Increase to total pensionable|||payroll|||(1.5)9op.a.|1.696p.a.|1.396p.a.|



## 



## 

## 

|not control them. The|financial|ass|ets held in this way may be summarised<br>as follo|ws:||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E'000|E'000|
|CBFChurch of England|Investment||Fund Income Shares|5,754|5,065|
|CBFChurch of England|Fixed Interest Securities Fund Shares|||244|284|
|COIF Income and Accumulation||Shares||268|288|
|CBFChurch of England|Deposit|Fund||870|949|
|Other Investments||||286|278|
|Cash at bank||||322|277|
|||||7744|7 141|