2021-12-31-accounts - The Durham Diocesan Board Of Finance

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CONTENTS				Page
Reference and administrative		details
Trustees' report
Independent auditor's	report	on the financial	statements
Statement offinancial	activities			22
Income and expenditure account				23
Balance sheet				24
Statement ofcash flows				25
Notes to the financial	statements			26

						Total	Total
			Unrestricted	Restricted	Endowment	funds	funds
			Funds	Funds	Funds	2021	2020
		Notes	f000	8000	8000	8000	6000
Income and endowments	from:
Donations
Parish contributions			4,373			4,373	4,205
Archbishops' Council Other			2,526 216	1,415 916		3,941 1,132	4,154 903
Charitable activities			667			667	690
Other trading activities Investments			529 708	33 72		562 780	438 665
Other income			396	137	774	1,307	1,198
Total Income and endowments			9,415	2,573	774	12,762	12,253
Expenditure on: Raising funds		10	18			24
Charitable activities
Contributions to Archbishops' Coundl Resourcing ministry and mission Resourdng education		11 12 13	702 7,604 281	2,282 23	150	702 10,036 304	728 9,378 205
Total expenditure			8,605	2,305	156	11,066	10,322
Net income before investmentgalns			810	268	618	1,696	1,931
Net gains on Investments			34	461	3,605	4,100	1,598
Net Income				729	4,223	5,796	3,529
Transfers between funds		18	537	1,270	(1,807)
Net movement in funds			1,381	1,999	2,416	5,796	3,529
Total funds brought forward			4,492	8,995	55,874	69,361	65,832
Total funds carried forward		26	5,873	10,994	58,290	75,157	69,361

			2021	2020
		Notes	EOOO	FOOO
Total income			11,988	11,055
Total expenditure			(10,910)	(10,094)
Gross Income for the year			1,078	961
Net gains on investments			495	142
Net Income for the year			1,573	1,103
Other comprehensive	income
Net assets transferred	from endowments	18	1,807	1,684
Net comprehensive	Income for the year		3,380	2,787

				2021	2020
Fixed assets			Note	f000	f000
Tangible assets			20	33,540	34,678
Investments			21	35,635	27,720
				69,175	62,398
Current assets
Debtors			22	1,045	895
Cash on deposit			23	1,837	1,533
Cash at bank and in	hand			3,763	5,498
				6,645	7,926
Creditors: amounts	falling	due within one year	24	(562)	(526)
Net current assets				6,083	7,400
Total assets less current		liabilities		75,258	69,798
Creditors: amounts	falling	due after more than one year	25	(101)	(437)
Net assets				75,157	69,361
Funds
Endowment funds			26	58,290	55,874
Including revaluation reserve 82,368,832
(2020:61,991,601) Including fair value reserve f6,670,849
(2020:E4,364,659) Restricted funds			26	10,994	8,995
Including fair value reserve 81,282,159
(2020:6480,947)
Unrestricted funds
General funds			26	5,848	4,467
Including fair value reserve E528,342
Designated funds			26	25	25
				5,873	4,492
Total funds				75,157	69,361

					2021	2020
					f000	6000
Reconciliation of net income to
net cash flow from operating activities
Net income for the year					5,796	3,529
Ad)ustments for:
Depreciation					48	87
Gains on investments					(4,100)	(1,598)
Interest and dividends receivable					(725)	(620)
(Increase)/ decrease in debtors Increase/(decrease) in creditors					(50) 82	(316) (125)
Profit on sale offixed assets Pension revaluation					(1,307) (119)	(1,198) (466)
Contributions to pension scheme					(264)	(17)
Net cash used in operating activities					(639)	(724)
Cash flows from investing activities
Interest and dividends received					725	620
Interest payable					1	10
Purchase oftangible fixed assets Proceeds from sale oftangible fixed assets					(1,504) 3,901	3,233
Purchases of investments Proceeds from sale of investments					(5,229) 1,229	(3,133)
Net cash provided by/(used In) Investing			activities		(877)	730
Cash flows from financing activities
New loans advanced					(115)	(68)
Repayment of loans advanced					200	200
Net cash provided by financing	activities				85	132
Change in cash and cash equivalents		in reporting		period	(1,431)	138
Cash and cash equivalents at the	beginning		ofthe	year	7,031	6,893
Cash and cash equivalents at the end of			the year (note 30)		5,600	7,031
Analysis ofcash and cash equivalents
Cash at bank and in hand					3,763	5,498
Notice deposits (less than 3 months)					1,837	1,533
					5,600	7,031

				Unrestricted	Restricted	Endowment	Total funds
				funds	funds	funds	2021
				f000	f000	f000	f000
	Lower income communltiss' Strategic development fund Renewal &reform fund Sustainability fund Strategic ministry funding		funds	2,180 250 96	1,257 158		2,180 1,257 158 250 96
				2,526	1,415		3,941
				Unrestricted	Restricted	Endowment	Total funds
				funds	funds	funds	2020
				f000	f000	f000	f000
	Lower income communities' Strategic development fund Renewal & reform fund Sustainabllity fund Strategic ministry funding		funds	2,256 750 24	951 173		2,256 951 173 750 24
				3,030	1,124		4,154
5.	Other donations
				Unrestricted	Restricted	Endowment	Total funds
				funds	funds	funds	2021
				f000	f000	f000	f000
	Bensfact Grants Other	Trust		178 12 26	849 67		178 861 93
				216	916		1,132
				Unrestricted	Restricted	Endowment	Total funds
				funds	funds	funds	2020
				f000	f000	f000	f000
	Benefact Grants Other	Trust		176 6 56	551 114		176 557 170
				238	665		903

6.	Income from	charitable	Unrestricted	Restricted	Endowment	Total funds
			funds f000	funds f000	funds f000	2021 f000
	Statutory fess Miscellaneous	and chaplaincy Income	597 70			597 70
			667			667
			Unrestricted funds f000	Restricted funds f000	Endowment funds f000	Total funds 2020 f000
	Statutory fees Miscellaneous	and chaplaincy income	612 77			612 78
			689			690
7.	Income from	other activities	Unrestricted	Restricted	Endowment	Total funds
			funds f000	funds f000	funds f000	2021 f000
	Rental income from parsonages Education service level agreements Miscellaneous income		367 155 7	33		367 188 7
			529	33		562
			Unrestricted funds f000	Restricted funds f000	Endowment funds f000	Total funds 2020 f000
	Rental income from parsonages Education service level agreements Miscellaneous Income		318 119 1			318 119 1
			438			438

8.	Income from Investments	Unrestricted	Restricted	Endowment	Total funds
		funds	funds	funds	2021
		f000	f000	f000	f000
	Income from UK listed Investments Interest receivable Rents receivable	572 81 55	63 9		635 90 55
		708	72		780
		Unrestricted	Restricted	Endowment	Total funds
		funds	funds	funds	2020
		f000	f000	f000	f000
	Income from UK listed investments Interest receivable Rents receivable	557 31 45	23 9		580 40 45
		633	32		665
9.	Other Incoming resources	Unrestricted	Restricted	Endowment	Total funds
		funds	funds	funds	2021
		f000	f000	f000	f000
	Gain on disposal ofproperties	396	137	774	1,307
		396	137	774	1,307
		Unrestricted	Restricted	Endowment	Total funds
		funds	funds	funds	2020
		f000	f000	f000	f000
	Gain on disposal ofproperties			1,198	1,198
				1,198	1,198

10.	Fundralsing costs		Unrestricted funds f000	Restricted funds f000	Endowment funds f000	Total funds 2021 f000	Total funds 2021 f000
	Glebe agent's fees Glebe investment costs		7 11				7 17
			18				24
			Unrestricted	Restricted	Endowment	Total funds
			funds f000	funds f000	funds f000		2020 f000
	Glebe agent's fees
	Glebe investment costs
11.	Contributions to Archbishops'	Council	Unrestricted	Restricted	Endowment	Total funds
			funds 0000	funds f000	funds f000		2021 f000
	Training for ministry National Church responsibilities Grants and provisions Pooling ofordinand candidates		224 268 205 5				224 268 205 5
			702				702
			Unrestricted	Restricted	Endowment	Total funds
			funds f000	funds f000	funds f000		2020 f000
	Training for ministry National Church responsibilities Grants and provisions Pooling of ordinand candidates		276 224 144 32	52			276 224 196 32
			676	52			728

Expenditure on reso	g ministr	y and m	ission
			Unrestricted	Restricted	Endowment	Total funds
			funds	funds	funds	2021
			6000	6000	6000	8000
Stlpends and national Insurance Clergy pension Pensions deficit creditor movement		(note	3,659 1,027	168 58		3,827 1,085
29) Housing costs Removal, resettlement and Central mission stipendiary,	other grants staff and		5 1,169 125		135	5 1,304 125
activity costs Training for ministry Strategic Development costs			379 50	1,200 442 19		1,579 492 19
Other expenses and			386	30		416
grants
			6,800	1,917	135	8,852
Support for parish ministry	(see note	15)	804	365	15	1,184
			7,604	2,282	150	10,036
			Unrestricted	Restricted	Endowment	Total funds
			funds	funds	funds	2020
			6000	8000	6000	6000
Stipends and national insurance Clergy pension Pensions dellcit creditor movement Housing costs Removal, resettlement and other grants Central mission stipendiary, staff and			3,750 876 (11) 979 133	76 26	191	3,826 902 (11) 1,170 133
activity costs Training for ministry Strategic Development costs			360 90	886 246 47		1,246 336 47
Other expenses and			324	160		484
grants
			6,501	1,441	191	8,133
Support for parish ministry	(see note	15)	862	346	37	1,245
			7,363	1,787	228	9,378

13.	Expenditure	on education		Unrestricted funds FOOO	Restricted funds f000	Endowment funds f000	Total funds 2021 f000
	Administration Closed schools			281	23		281 23
				281	23		304
				Unrestricted	Restricted	Endowment	Total funds
				funds	funds	funds	2020
				FOOO	f000	f000	FOOO
	Administration Closed schools			266	(61)		266 (61)
				266	(61)		205
14.	Analysis of	expenditure	including	allocation ofsupport	costs

Analysis ofexp	endi	ture including al	location ofsupport	costs
			Activities undertaken	Grant funding of	Support	Total funds
			directly f000	activities FOOO	costs f000		2021 f000
Raising funds Ch dt thlu Contributions to	Archbishops'		24	702			24 702
Council Resourcing ministry Education		and mission	8,185 304	667	1,184		10,036 304
			8,513	1,369	1,184		11,066
			Activities undertaken directly f000	Grant funding of activities f000	Support costs f000	Total funds 2020 FOOO
Raising funds
Ch ithbl ti Contributions to	IU Archbishops'			728			728
Council Resourclng ministry Education		and mission	7,615 205	518	1,245		9,378 205
			7,831	1,246	1,245		10,322

Analysis ofsupport costs
		Unrestricted	Restricted	Endowment	Total funds
		funds f000	funds f000	funds f000	2021 f000
Central staff costs		428	223		651
Movement on CWPF deficit creditor Central office and premises		(123) 74			(123) 74
Technology and communication		164	8		172
Depreciation		5	29	15	49
Other support costs		71			71
Governance
External audit		20			20
Legal and registry costs		131			131
Synod, Board and Committee	expenses	29			29
Other costs		5	105		110
		804	365	15	1,184
		Unrestricted	Restricted	Endowment	Total funds
		funds	funds	funds	2020
		f000	6000	f000	f000
Central staff costs		445	257		702
Movement on CWPF deficit creditor		4			4
Central office and premises		61			61
Technology and communication		131			131
Depreciation		22	28	37	87
Other support costs		20			20
Governance
External audit		20			20
Legal and registry costs		125			125
Synod, Board and Committee	expenses	30			30
Other costs		4	61		65
		862	346	37	1,245

Analysis ofgrants made			Number	Individuals	Institutions	Total 2021
				f000	f000	f000
From unrestricted funds for
National Church
responsibilities: Contributions to Archbishops' Council					497	497
Other grants made: NECAT			1		8	8
Northumbrian industrial Mission			1		2	2
Lesotho			1		25	25
Training for Ministry Grants Resettlement and First Appointment Ordinands' Grants		Grants	68 22 28	61 88 205	411	472 88 205
Basic Clergy Development Special CMD &Sabbatical Mission Fund Grants	Grants Grants		41 17 9	6 11 23		6 11 23
Church building committee	grants		15	32		32
			204	426	943	1,369
						Total
			Number	Individuals	Institutions	2020
				f000	f000	f000
From unrestricted funds	for
National Church
responsibilities: Contributions to Archbishops' Coundl					532	532
Other grants made: NECAT			1		8	8
Northumbrlan Industrial Mission			1		2	2
Lesotho Training for Ministry Grants Resettlement and First Appointment Qrdlnands' Grants Basic Clergy Development Grants Special CMD 8Sabbatical Grants Mission Fund Grants		Grants	1 60 25 27 50 10 33	44 98 144 6 3 41	25 292	25 336 98 144 6 3 41
Church building committee	grants		18		51	51
			227	336	910	1,246

Staff costs								2021	2020
								f000	f000
Employee costs during the year	were as	follows:
Wages and salaries								1,414	1,328
National insurance contributions								136	129
Pension costs —current year contributions								203	138
Movement on pension deficit creditor (see			Note	29)				(123)	4
								1,630	1,599
Included ln staff costs are termination payments				totafilng		Enfi (2020:E2,000).
The average monthly number of	employees		during the year				were as follows:	2021	2020
								Number	Number
Staff —full time equivalents								43	36
The numbers ofstaff whose emoluments		(including			benefits		in kind but excluding	2021	2020
Pension contributions) amounted	to more	than E60,000				were as follows:		Number	Number
E60,001 - E70,000								1	1

or dioce	sa	n appoin	tmen	ts in the Diocese, and the costs were as follo	ws:
					2021	2020
					f000	f000
Stlpends					3,501	3,515
National	insurance		contributions		298	295
Pension	costs —current			year contributions	1,392	1,356
Movement		on pension		deficit creditor (sse Note 29)	5	(11)
					5,196	5,155

Included	in stipend cost	in stipend cost	s are termination pay	s are termination pay	s are termination pay		ments t	ments t	ments t	otalfin	g fnil (2020:f5	3,000).
Analysis	ofsignificant		transfers between				funds				Unrestricted	Restricted	Endowment	Total funds
											funds f000	funds f000	funds f000	2021 f000
Transfer	ofParsonage		Property	to Pastoral		Fund						995	(995)
Transfer	ofParsonage		Property	to Parsonage				Building				267	(267)
Fund
Transfer	ofGlebe costs to Transitional				Fund								(8)
Transfer	ofParsonage		Property	to Unrestricted					Funds		758		(758)
Transfer	from general	funds to Stipend			Capital			Fund		in	(243)		243
respect of reduction in clergy pension					scheme			deficit
payments	creditor
Reallocation of Housing			costs								22		(22)
											Unrestricted	Restricted	Endowment	Total funds
											funds	funds	funds	2020
											f000	f000	f000	f000
Transfer	In respect of	closed school funds										1,944	(1,944)
Transfer	ofParsonage		Property	to DBFProperty					Fund			155	(155)
Transfer	in respect of	released restricted funds									315	(315)
Transfer	from general	funds to Stipend			Capital			Fund		in	(415)		415
respect of reduction in		clergy pension			scheme			deficits
payments	creditor
Net Incoming/(outgoing)			resources		for the		year						2021 f000	2020 f000
This is stated afier charging:
Depreciation													48	87
Auditoys	remuneration:
- audit of	the linancial	statements											18	18
- non-audit services													2	2

its education responsibilities. It is a dormant company which acts as a academy trusts.	corporate member for a numb	er of multi
Debtors	2021 f000	2020 F000
Due within one year Parish share debtors Church Buildings loans Other debtors Prepayments and accrued Income	12 2 302 487	17 15 240 482
	803	754
Due after one year Church Buildings loans Equity share loan	108 134	7 134
	242	141
Total debtors	1,045	895
The historic cost ofthe equity share loan Isf16,000.
Short-term investments	2021 6000	2020 FOOO
CBF Deposit Fund	1,837	1,533

24.	Creditors: amounts	Creditors: amounts		falling	falling	due within one year	2021	2020
							f000	f000
	Trade creditors						231	123
	Other creditors						11	13
	Accruals	and defened		income			80	104
	Pension	deficit payments			creditor (Note 29)		240	286
							562	526
							f000
	Deferred	income at	1	January 2021			24
	Resources deferred		during			the year	51
	Amounts	released from			previous years		(24)
	Deferred	income at	31 December 2021				51
25.	Creditors: amounts			falling		due after more than one year	2021	2020
							f000	f000
	Loans						101	101
	Pension	deficit payments			creditor (Note 29)			336
							101	437

Summary offund m	o	vements	—current year
			Balance at 1Jan 2021 6000	Incoming Resources 8000	Outgoing Resources 8000	Gains and Losses f000	Transfers 8000	Balance at 31 Dec2021 f000
Unrestricted funds General			4,467	9,415	(8,605)	34	537		5,848
Designated funds:
Stonebridge office Bequests Fund			25						25
Mission Development	Fund
Church Buildings Fund
DBF Property Fund
Mission Priority Fund	-	Lent for
Everyone
Designated Fund for
Educational Purposes
			25						25
Restricted funds Parsonages Building Fund Durham Closed Schools Fund			1,685 412	33 42	(22)	167 137	266 11		2,151 580
Board ofEducation Training			11				(11)
Fund Pastoral Account Ministry & Preordination		Training	5,496 136	48 475	(192) (442)	157	995		6,504 169
Fund Faith in the Community Lord Crews's Charity Strategic Development		Fund-	3 4 28	356 640	(242) (640)				3 118 28
Resourcing Churches Strategic Development		Fund-		19	(19)
MLG Restructuring Fund Strategic Development		Fund—	181	158 500	(140) (500)				208
Communities of Hope Other			1,039	302	(108)				1,233
			8,995	2,573	(2,305)	461	1,270		10,994
Endowment funds Parsonages Houses Funds Stipends Capital Fund			21,696 34,178	774	(7) (149)	466 3,139	(1,892) 85		20,263 38,027
			55,874	774	(156)	3,605	(1,807)		58,290
			69,361	11,457	(11,066)	5,405			75,157

Summary offund m	o	v	ements	—prior year
				Balance at 1 Jan 2020 f000	Incoming Resources f000	Outgoing Resources f000	Gains and Losses f000	Transfers f000	Balance at 31 Dec 2020 f000
Unrestricted funds
General				1,316	9,233	(8,316)		2,234		4,467
Designated funds:
Stonebridge office				40				(40)
Bequests Fund				25						25
Mission Development	Fund			104				(104)
Church Buildings Fund				19				(19)
DBF Property Fund				2,134				(2,134)
Mission Priority Fund	-	Lent for
Everyone								(6)
Designated Fund for
Educational Purposes				31				(31)
				2,359				(2,334)		25
Restricted funds
Personages Building	Fund			1,471	13		46	155		1,685
Durham Closed Schools			Fund	237	114	61				412
Board of Education Training				11						11
Fund
Pastoral Account				4,980	10	(190)	96	600		5,496
Ministry & Preordination			Training	105	330	(299)				136
Fund
Faith in the Community Lord Crews's Charity Strategic Development		Fund-		5 (36) 28	1 219 617	(3) (179) (617)				3 4 28
Resourcing Churches
Strategic Development		Fund-		(3)	50	(47)
MLG
Restructuring Fund				227	173	(219)				181
Strategic Development		Fund—			284	(284)
Communities of Hope
Other								1,029		1,039
				7,025	1,822	(1,778)	142	1,784		8,995
Endowment funds
Parsonages Houses Funds				22,956	870	(29)		(2,101)		21,696
Stipends Capital Fund				32,176	328	(199)	1,456	417		34,178
				55,132	1,198	(228)	1,456	(1,684)		55,874
				65,832	12,253	(10,322)	1,598			69,361

Summary ofassets per fund	Summary ofassets per fund
		Tangible
As at 31 December 2021		fixed		Net current	Long term
		assets f000	Investments f000	assets f000	liabilities f000	Net assets f000
Unrestricted funds
General		1,739	2,034	2,176	(101)	5,848
Designated funds: Stonebrldge office				25		25
Bequests Fund
Mission Development	Fund
Church Buildings Fund
DBF Property Fund
Mission Priority Fund	- Lent for
Everyone
Designated Fund for Educational
Purposes
				25		25
Restricted Funds
Personages Building Fund Durham Closed Schools Fund			1,331	821 580		2,152 580
Education Training Fund Pastoral Account		1,680	2,507	2,317		6,504
Ministry & Preordination Faith in the Community Lord Crews's Charity				169 3 118		169 3 118
Strategic Development	Fund-			28		28
Resourcing Churches
Strategic Development	Fund-
MLG
Restructuring Fund				208		208
Strategic Development	Fund-
Communitles for Hope Other			1,112	120		1,232
		1,680	4,950	4,364		10,994
Endowment Funds
Personages Houses Fund Stipends Capital Fund		20,354 9,768	28,652	(91) (393)		20,263 38,027
		30,122	28,652	(727)		58,290
		33,540	35,635	6,083	(101)	75,157

Summary	of	assets	assets	per fund	per fund	(continued)
General	fund					The general fund is available for any purpose within the objects ofthe Board. It is
						principally used for payment ofstipends, national Insurance, pension contributions
						and housing costs of clergy and licensed lay-workers in parish ministry. It also
						provides the assets and liquidity for the DDBF to carry out its objectives, including
						statutory compliance and administration offunds.
Stonebrldge		Offlce		Fund		This fund represents funds held for the five year Ql costs relating to Cuthbert
						House.
Bequests Fund						This fund represents the balance from an anonymous donor during 2019which the
						Board decided should be held within a separate designated fund for the alleviation
						of Diocesan poverty. The trustees anticipate that this reserve will be expended by the end of2021.
Mission	Development				Fund	This fund represents monies received from the Archbishops' Council to support mission work in the Diocese.
Church	Buildings		Fund			The Church Buildings Fund represents funds designated by the Diocesan Synod for the repair ofchurches. The Church Buildings Committee makes grants or loans
						to parishes from this fund.
DBF Property		Fund				This Isset up to hold properties that are neither personages nor glebe.
Mission Priority Fund - Lent for Everyone						This fund represents the balance from an anonymous donor during 2019which the Board decided should be held within a separate designated fund.
Designated fund for educational purposes						The Designated Fund for Educational Purposes holds funds designated by the DDBF for use by the Diocesan Board ofEducation for educational purposes which
						are not subject to the restrictions imposed by the Education Act 1993.
Parsonages		Buildings			fund	The Personages Buildings fund is held by the DDBF to pay for repairs and maintenance ofparsonage houses. This fund also holds the net proceeds from the sale of any previous parsonages which have been ring fenced for the provision of
						a replacement parsonage as and when necessary.
Durham Fund	Closed Schools					The Closed Schools Improvements Fund represents the pooled sale proceeds of closed church schools in the Diocese in accordance with Section 287 (2) ofthe Education Act 1993.The capital and income can be used for the building,
						extension and maintenance of church schools. The income alone can be spent on the management and administration ofchurch schools.
Education Training				Fund		The Education Training Fund isa restricted fund held by the DDBFfor the Diocesan Board ofEducation and it represents funds for educational purposes.
Pastoral	Account					The pastoral account includes the proceeds of redundant churches and
						personages and was set up under the provisions ofthe Pastoral Measure 1983.
						The restricted purposes for which the account may be used are:

Ministry and Preordination	This is a restricted fund sst up to provide assistance for ministry and training.
Training Fund
Faith in ths Community	This fund is to support ths partnership project which funds salaries of support
	workers, office costs, training, events and projects.
Lord Crews's Charity Restricted Fund	This fund provides support for necessitous clergy and gives resources for the mission and ministry ofparishes in the most deprived parts ofthe Diocese.
Strategic Development Fund	This restricted fund relates to grants received from the Church Commissioners to develop and deliver the strategic plans ofthe DDBF.
Restructuring Fund	The Church Commissioners awarded ths Diocese a one-off allocation to allow the Diocese to adapt to a reduction in funding resulting from the replacement of Selective Allocation by Lower Income Communities Funding. This funding is
	restricted as it must be used in line with an agreed plan.
Miscellaneous Restricted Income Fund	This restricted fund relates to grants received for one off smaller activities which have been made available for specific restricted activities within the Diocese.
Parsonage Houses Fund	The Parsonage Houses Fund represents the value of the benefice houses (parsonages) in ths Diocese aRer deducting loans outstanding in respect of such
	houses.
Stlpends Capital Fund	Ths Stipsnds Capital Fund is governed by the Diocesan Stipends Measure 1953. Ths income ofthe fund can only be used for clergy stlpends but, since 1993,capital
	can be applied for improvements to parsonage houses.

Summary ofassets per fund (continued)	Summary ofassets per fund (continued)	Summary ofassets per fund (continued)
Summary ofassets per fund —prior year
			Tangible
As at 31 December 2020			fixed		Net current	Long term
			assets	Investments	assets	liabilities	Net assets
			8000	8000	f000	6000	f000
Unrestricted funds
General			2,139		2,443	(115)	4,467
Designated funds:
Stonebridge office					25		25
Bequests Fund
Mission Development	Fund
Church Buildings Fund
DBF Property Fund
Mission Priority Fund	-	Lent for
Everyone
Designated Fund for Educational
Purposes
					25		25
Restricted funds
Personages Building	Fund			1,164	521		1,685
Durham Closed Schools Fund					412		412
Education Training Fund					11		11
Pastoral Account			1,708	1,410	2,378		5,496
Ministry & Preordination					136		136
Faith in the Community					3		3
Lord Crews's Charity					4		4
Strategic Development		Fund-			28		28
Resourcing Churches
Strategic Development		Fund-
MLG
Restructuring Fund					181		181
Strategic Development		Fund-
Communitles for Hope
Other					1,039		1,039
			1,708	2,574	4,713		8,995
Endowment funds
Personages Houses Fund			21,947		22		21,696
Stlpends Capital Fund			8,884	25,146	197	(322)	34,178
			30,831	25,146	219	(322)	55,874
			34,678	27,720	7,400	(43'7)	69,361

valued using the following as	sumptions set by reference	to the duration ofthe deficit r	ecovery payme	nts:
		2021	2020	2019
Discount rate		0.0'/o pa	0.2'/0 pa	1.1'/o pa
Price inflation Increase to total pensionable	payroll	n/a -1.5'/o pa	3.1'/o pa 1.6'/0 pa	2.8'/o pa 1.3'/0 pa

									Total
						Unrestricted	Restricted	Endowment	funds
					Notes	funds f000	funds f000	funds f000	2020 f000
Income and endowments			from:
Donations
Parish contributions						4,205			4,205
Archbishops' Council						3,030	1,124		4,154
Other						238	665		903
Charitable Activities						689	1		690
Other Trading Activities						438			438
Investments income						633	32		665
Other								1,198	1,198
Total Income						9,233	1,822	1,198	12,253
Expenditure on:
Raising funds					10
Charitable activities
Contributions to Archbishops'				Council	11	676	52		728
Resourdng ministry		and	mission		12	7,363	1,787	228	9,378
Resourcing education					13	266	(61)		205
Total expenditure						8,316	1,778	228	10,322
Net Income before	Investment			gains		917	44	970	1,931
Net gains on investments							142	1,456	1,598
Net Income						917	186	2,426	3,529
Transfers between	funds				18	(100)	1,784	(1,684)
Net movement In funda						817	1,970	742	3,529
Total funds brought	forward					3,675	7,025	55,132	65,832
Total funds carried	forward				26	4,492	8,995	55,874	69,361

Transactions with charities with common trustees	Transactions with charities with common trustees	Transactions with charities with common trustees	Financial year	Income f000	Expenditure 6000	Debtor 6000	Creditor 6000
Archbishops' Council
Common trustees, grant funding services provided	received end		2021 2020	4,316 4,137	498 538	65
Llndlsfarne Centre ofTheology
Common trustees, training provision for ordlnands and clergy			2021 2020		153 137
Stirling Newall Trust
Common trustees, receipt ofgrants snd		fees	2021		24	15
			2020		4
Durham Cathedral
Common trustees, services provided and loan balance			2021 2020	12 05	55	200 400
The Durham Lesotho Diocesan	Link
Common trustees			2021		25
			2020		25
Newcastle Diocesan Education	Board
Operation ofa Joint Education Team through NDEB to deliver objectives ofthe DDSE.			2021 2020	100 71	283 303
Lord Crews's Charity
Common trustees, receipt ofgrant	funding		2021	400	242
			2020	219	179		45
StJohn's College (Cranmer Hall)
Common trustees, training provision for ordinands and clergy			2021 2020		186 132
St Hlld and St Bede Trust
Common trustees, contribution received respect ofchaplaincy costs		in	2021 2020	53 44
Communities Together Durham
Common trustees, staff seconded	from DDBF		2021		85
to carry out operations.			2020
Newcastle Diocesan Board of Finance
Managing employer for staff employed joint employment anengements		under	2021 2020		57 35
Northumbrlan Industrial Mission	(NIM)
Support for linked organisations			2021		26
			2020		21
North East Churches Acting Together
(NECAT)			2021
Support for linked organlsati ons			2020

Custodian funds
The Board act as custodian	trustee	responsible	for trust funds	held on behalf of others. The movement	on these
funds during the year is set	out below:
				2021	2020
				6000	FOOO
Balance at 1 January Funds received Payments made Revaluation of investments	held			12,945 374 (568) 1,524	12,449 386 (465) 575
Balance at 31 December				14,275	12,945