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





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||||||||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'<br>Council<br>Other||||2,526<br>216|1,415<br>916||3,941<br>1,132|4,154<br>903|
|Charitable<br>activities||||667|||667|690|
|Other trading<br>activities<br>Investments||||529<br>708|33<br>72||562<br>780|438<br>665|
|Other income||||396|137|774|1,307|1,198|
|Total Income and endowments||||9,415|2,573|774|12,762|12,253|
|Expenditure<br>on:<br>Raising funds|||10|18|||24||
|Charitable<br>activities|||||||||
|Contributions<br>to Archbishops'<br>Coundl<br>Resourcing<br>ministry<br>and mission<br>Resourdng<br>education|||11<br>12<br>13|702<br>7,604<br>281|2,282<br>23|150|702<br>10,036<br>304|728<br>9,378<br>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<br>between funds|||18|537|1,270|(1,807)|||
|Net movement<br>in funds||||1,381|1,999|2,416|5,796|3,529|
|Total funds brought<br>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|





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||||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|





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|||||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<br>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<br>funds|||26|58,290|55,874|
|Including<br>revaluation<br>reserve 82,368,832||||||
|(2020:61,991,601)<br>Including<br>fair value reserve f6,670,849||||||
|(2020:E4,364,659)<br>Restricted funds|||26|10,994|8,995|
|Including<br>fair value reserve 81,282,159||||||
|(2020:6480,947)||||||
|Unrestricted<br>funds||||||
|General funds|||26|5,848|4,467|
|Including<br>fair value reserve E528,342||||||
|Designated<br>funds|||26|25|25|
|||||5,873|4,492|
|Total funds||||75,157|69,361|





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





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





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





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|8.|Income from Investments|Unrestricted|Restricted|Endowment|Total funds|
|---|---|---|---|---|---|
|||funds|funds|funds|2021|
|||f000|f000|f000|f000|
||Income from UK listed Investments<br>Interest receivable<br>Rents receivable|572<br>81<br>55|63<br>9||635<br>90<br>55|
|||708|72||780|
|||Unrestricted|Restricted|Endowment|Total funds|
|||funds|funds|funds|2020|
|||f000|f000|f000|f000|
||Income from UK listed investments<br>Interest receivable<br>Rents receivable|557<br>31<br>45|23<br>9||580<br>40<br>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|





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





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





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



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





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|Analysis ofsupport costs||||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total funds|
|||funds<br>f000|funds<br>f000|funds<br>f000|2021<br>f000|
|Central staff costs||428|223||651|
|Movement<br>on CWPF deficit creditor<br>Central office and premises||(123)<br>74|||(123)<br>74|
|Technology<br>and communication||164|8||172|
|Depreciation||5|29|15|49|
|Other support costs||71|||71|
|Governance||||||
|External<br>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<br>on CWPF deficit creditor||4|||4|
|Central office and premises||61|||61|
|Technology<br>and communication||131|||131|
|Depreciation||22|28|37|87|
|Other support costs||20|||20|
|Governance||||||
|External<br>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|





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|16.|Analysis<br>ofgrants<br>made|||Number|Individuals|Institutions|Total<br>2021|
|---|---|---|---|---|---|---|---|
||||||f000|f000|f000|
||From unrestricted<br>funds for|||||||
||National<br>Church|||||||
||responsibilities:<br>Contributions<br>to Archbishops'<br>Council|||||497|497|
||Other grants made:<br>NECAT|||1||8|8|
||Northumbrian<br>industrial<br>Mission|||1||2|2|
||Lesotho|||1||25|25|
||Training<br>for Ministry Grants<br>Resettlement<br>and First Appointment<br>Ordinands'<br>Grants||Grants|68<br>22<br>28|61<br>88<br>205|411|472<br>88<br>205|
||Basic Clergy Development<br>Special CMD &Sabbatical <br>Mission Fund Grants|Grants<br> Grants||41<br>17<br>9|6<br>11<br>23||6<br>11<br>23|
||Church<br>building<br>committee|grants||15|32||32|
|||||204|426|943|1,369|
||||||||Total|
|||||Number|Individuals|Institutions|2020|
||||||f000|f000|f000|
||From unrestricted<br>funds|for||||||
||National<br>Church|||||||
||responsibilities:<br>Contributions<br>to Archbishops'<br>Coundl|||||532|532|
||Other grants made:<br>NECAT|||1||8|8|
||Northumbrlan<br>Industrial<br>Mission|||1||2|2|
||Lesotho<br>Training<br>for Ministry Grants<br>Resettlement<br>and First Appointment<br>Qrdlnands'<br>Grants<br>Basic Clergy Development<br>Grants<br>Special CMD 8Sabbatical<br>Grants<br>Mission Fund Grants||Grants|1<br>60<br>25<br>27<br>50<br>10<br>33|44<br>98<br>144<br>6<br>3<br>41|25<br>292|25<br>336<br>98<br>144<br>6<br>3<br>41|
||Church<br>building<br>committee|grants||18||51|51|
|||||227|336|910|1,246|





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|17.|Staff costs||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||f000|f000|
||Employee costs during the year|were as|follows:||||||||
||Wages and salaries||||||||1,414|1,328|
||National<br>insurance<br>contributions||||||||136|129|
||Pension costs —current year contributions||||||||203|138|
||Movement<br>on pension<br>deficit creditor (see|||Note|29)||||(123)|4|
||||||||||1,630|1,599|
||Included<br>ln staff costs are termination<br>payments||||totafilng||Enfi (2020:E2,000).||||
||The average<br>monthly<br>number of|employees||during the year||||were as follows:|2021|2020|
||||||||||Number|Number|
||Staff —full time equivalents||||||||43|36|
||The numbers<br>ofstaff whose emoluments||(including|||benefits||in kind but excluding|2021|2020|
||Pension contributions)<br>amounted|to more|than E60,000||||were as follows:||Number|Number|
||E60,001 - E70,000||||||||1|1|






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|or dioce|sa|n appoin|tmen|<br><br>ts<br>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|



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|Included|in stipend cost|in stipend cost|s are termination<br>pay|s are termination<br>pay|s are termination<br>pay||ments<br>t|ments<br>t|ments<br>t|otalfin|g fnil (2020:f5|3,000).|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Analysis|ofsignificant||transfers<br>between||||funds||||Unrestricted|Restricted|Endowment|Total funds|
||||||||||||funds<br>f000|funds<br>f000|funds<br>f000|2021<br>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<br>in clergy pension|||||scheme|||deficit|||||||
|payments|creditor||||||||||||||
|Reallocation<br>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<br>funds|||||||||315|(315)|||
|Transfer|from general|funds to Stipend|||Capital|||Fund||in|(415)||415||
|respect of reduction<br>in||clergy pension|||scheme|||deficits|||||||
|payments|creditor||||||||||||||
|Net Incoming/(outgoing)|||resources||for the||year||||||2021<br>f000|2020<br>f000|
|This is stated afier charging:|||||||||||||||
|Depreciation|||||||||||||48|87|
|Auditoys|remuneration:||||||||||||||
|- audit of|the linancial|statements|||||||||||18|18|
|- non-audit<br>services|||||||||||||2|2|





## 

## 



## 



## 

## 

## 

## 

## 

|<br><br>  <br><br>its education<br>responsibilities.<br>It is a dormant<br>company<br>which acts as a<br>academy trusts.|corporate<br>member<br>for a numb|er<br>of multi|
|---|---|---|
|Debtors|2021<br>f000|2020<br>F000|
|Due within one year<br>Parish share debtors<br>Church<br>Buildings<br>loans<br>Other debtors<br>Prepayments<br>and accrued Income|12<br>2<br>302<br>487|17<br>15<br>240<br>482|
||803|754|
|Due after one year<br>Church<br>Buildings<br>loans<br>Equity share loan|108<br>134|7<br>134|
||242|141|
|Total debtors|1,045|895|
|The historic cost ofthe equity share loan Isf16,000.|||
|Short-term<br>investments|2021<br>6000|2020<br>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<br>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<br>offund m|o|vements<br>|—current year|||||||
|---|---|---|---|---|---|---|---|---|---|
||||Balance at<br>1Jan 2021<br>6000|Incoming<br>Resources<br>8000|Outgoing<br>Resources<br>8000|Gains and<br>Losses<br>f000|Transfers<br>8000|Balance at<br>31 Dec2021<br>f000||
|Unrestricted<br>funds<br>General|||4,467|9,415|(8,605)|34|537||5,848|
|Designated<br>funds:||||||||||
|Stonebridge<br>office<br>Bequests Fund|||25||||||25|
|Mission Development|Fund|||||||||
|Church<br>Buildings<br>Fund||||||||||
|DBF Property<br>Fund||||||||||
|Mission<br>Priority Fund|-|Lent for||||||||
|Everyone||||||||||
|Designated<br>Fund for||||||||||
|Educational<br>Purposes||||||||||
||||25||||||25|
|Restricted funds<br>Parsonages<br>Building<br>Fund<br>Durham<br>Closed Schools Fund|||1,685<br>412|33<br>42|(22)|167<br>137|266<br>11||2,151<br>580|
|Board ofEducation<br>Training|||11||||(11)|||
|Fund<br>Pastoral Account<br>Ministry<br>& Preordination||Training|5,496<br>136|48<br>475|(192)<br>(442)|157|995||6,504<br>169|
|Fund<br>Faith in the Community<br>Lord Crews's<br>Charity<br>Strategic Development||Fund-|3<br>4<br>28|356<br>640|(242)<br>(640)||||3<br>118<br>28|
|Resourcing<br>Churches<br>Strategic Development||Fund-||19|(19)|||||
|MLG<br>Restructuring<br>Fund<br>Strategic Development||Fund—|181|158<br>500|(140)<br>(500)||||208|
|Communities<br>of Hope<br>Other|||1,039|302|(108)||||1,233|
||||8,995|2,573|(2,305)|461|1,270||10,994|
|Endowment<br>funds<br>Parsonages<br>Houses Funds<br>Stipends Capital Fund|||21,696<br>34,178|774|(7)<br>(149)|466<br>3,139|(1,892)<br>85||20,263<br>38,027|
||||55,874|774|(156)|3,605|(1,807)||58,290|
||||69,361|11,457|(11,066)|5,405|||75,157|





## 

## 

## 

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





## 

## 

|27.|Summary<br>ofassets per fund|Summary<br>ofassets per fund||||||
|---|---|---|---|---|---|---|---|
||||Tangible|||||
||As at 31 December 2021||fixed||Net current|Long term||
||||assets<br>f000|Investments<br>f000|assets<br>f000|liabilities<br>f000|Net assets<br>f000|
||Unrestricted<br>funds|||||||
||General||1,739|2,034|2,176|(101)|5,848|
||Designated<br>funds:<br>Stonebrldge<br>office||||25||25|
||Bequests Fund|||||||
||Mission Development|Fund||||||
||Church<br>Buildings<br>Fund|||||||
||DBF Property<br>Fund|||||||
||Mission<br>Priority Fund|- Lent for||||||
||Everyone|||||||
||Designated<br>Fund for Educational|||||||
||Purposes|||||||
||||||25||25|
||Restricted Funds|||||||
||Personages<br>Building<br>Fund<br>Durham<br>Closed Schools Fund|||1,331|821<br>580||2,152<br>580|
||Education<br>Training<br>Fund<br>Pastoral Account||1,680|2,507|2,317||6,504|
||Ministry<br>& Preordination<br>Faith in the Community<br>Lord Crews's<br>Charity||||169<br>3<br>118||169<br>3<br>118|
||Strategic Development|Fund-|||28||28|
||Resourcing<br>Churches|||||||
||Strategic Development|Fund-||||||
||MLG|||||||
||Restructuring<br>Fund||||208||208|
||Strategic Development|Fund-||||||
||Communitles<br>for Hope<br>Other|||1,112|120||1,232|
||||1,680|4,950|4,364||10,994|
||Endowment<br>Funds|||||||
||Personages<br>Houses Fund<br>Stipends Capital Fund||20,354<br>9,768|28,652|(91)<br>(393)||20,263<br>38,027|
||||30,122|28,652|(727)||58,290|
||||33,540|35,635|6,083|(101)|75,157|





## 

## 

|27.|Summary|of|assets|assets|per fund|per fund|(continued)|
|---|---|---|---|---|---|---|---|
||General|fund|||||The general<br>fund is available<br>for any purpose<br>within the objects ofthe Board. It is|
||||||||principally<br>used for payment<br>ofstipends,<br>national<br>Insurance,<br>pension<br>contributions|
||||||||and<br>housing<br>costs of clergy and licensed<br>lay-workers<br>in parish<br>ministry.<br>It also|
||||||||provides the assets and<br>liquidity<br>for the DDBF to carry out its objectives,<br>including|
||||||||statutory<br>compliance<br>and administration<br>offunds.|
||Stonebrldge||Offlce||Fund||This fund<br>represents<br>funds<br>held<br>for the five year<br>Ql costs relating<br>to Cuthbert|
||||||||House.|
||Bequests Fund||||||This fund represents<br>the balance from an anonymous<br>donor during 2019which the|
||||||||Board decided<br>should be held within a separate<br>designated<br>fund for the alleviation|
||||||||of Diocesan poverty.<br>The trustees<br>anticipate<br>that this reserve<br>will be expended<br>by<br>the end of2021.|
||Mission|Development||||Fund|This fund<br>represents<br>monies<br>received<br>from the Archbishops'<br>Council<br>to support<br>mission work in the Diocese.|
||Church|Buildings||Fund|||The Church<br>Buildings<br>Fund represents<br>funds designated<br>by the Diocesan Synod<br>for the repair ofchurches. The Church<br>Buildings<br>Committee<br>makes grants or loans|
||||||||to parishes<br>from this fund.|
||DBF Property||Fund||||This Isset up to hold properties<br>that are neither personages<br>nor glebe.|
||Mission<br>Priority Fund - Lent<br>for Everyone||||||This fund represents<br>the balance from an anonymous<br>donor during 2019which the<br>Board decided should be held within<br>a separate<br>designated<br>fund.|
||Designated<br>fund for<br>educational<br>purposes||||||The Designated<br>Fund for Educational<br>Purposes<br>holds<br>funds<br>designated<br>by the<br>DDBF for use by the Diocesan Board ofEducation<br>for educational<br>purposes<br>which|
||||||||are not subject to the restrictions<br>imposed<br>by the Education<br>Act 1993.|
||Parsonages||Buildings|||fund|The Personages<br>Buildings<br>fund<br>is held<br>by the<br>DDBF to pay for repairs<br>and<br>maintenance<br>ofparsonage<br>houses.<br>This fund also holds the net proceeds from the<br>sale of any previous parsonages<br>which have been ring fenced for the provision of|
||||||||a replacement<br>parsonage as and when necessary.|
||Durham<br>Fund|Closed Schools|||||The Closed Schools Improvements<br>Fund represents<br>the pooled sale proceeds of<br>closed church<br>schools<br>in the Diocese<br>in accordance<br>with Section 287 (2) ofthe<br>Education<br>Act 1993.The capital<br>and<br>income<br>can<br>be<br>used<br>for the<br>building,|
||||||||extension<br>and<br>maintenance<br>of church<br>schools. The income alone can be spent<br>on the management<br>and administration<br>ofchurch schools.|
||Education<br>Training||||Fund||The Education Training<br>Fund isa restricted<br>fund held by the DDBFfor the Diocesan<br>Board ofEducation<br>and it represents<br>funds for educational<br>purposes.|
||Pastoral|Account|||||The pastoral account includes the proceeds of redundant<br>churches and|
||||||||personages<br>and was set up under the provisions<br>ofthe Pastoral Measure 1983.|
||||||||The restricted purposes<br>for which the account may be used are:|





## 

## 

## 

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





## 

|Summary<br>ofassets per fund (continued)|Summary<br>ofassets per fund (continued)|Summary<br>ofassets per fund (continued)||||||
|---|---|---|---|---|---|---|---|
|Summary<br>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<br>funds||||||||
|General|||2,139||2,443|(115)|4,467|
|Designated<br>funds:||||||||
|Stonebridge<br>office|||||25||25|
|Bequests Fund||||||||
|Mission Development|Fund|||||||
|Church<br>Buildings<br>Fund||||||||
|DBF Property<br>Fund||||||||
|Mission<br>Priority Fund|-|Lent for||||||
|Everyone||||||||
|Designated<br>Fund for Educational||||||||
|Purposes||||||||
||||||25||25|
|Restricted funds||||||||
|Personages<br>Building|Fund|||1,164|521||1,685|
|Durham<br>Closed Schools Fund|||||412||412|
|Education<br>Training<br>Fund|||||11||11|
|Pastoral Account|||1,708|1,410|2,378||5,496|
|Ministry<br>& Preordination|||||136||136|
|Faith in the Community|||||3||3|
|Lord Crews's<br>Charity|||||4||4|
|Strategic Development||Fund-|||28||28|
|Resourcing<br>Churches||||||||
|Strategic Development||Fund-||||||
|MLG||||||||
|Restructuring<br>Fund|||||181||181|
|Strategic Development||Fund-||||||
|Communitles<br>for Hope||||||||
|Other|||||1,039||1,039|
||||1,708|2,574|4,713||8,995|
|Endowment<br>funds||||||||
|Personages<br>Houses Fund|||21,947||22||21,696|
|Stlpends<br>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<br>using the following<br>as|sumptions<br>set by reference|to the duration<br>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<br>Increase to total pensionable|payroll|n/a<br>-1.5'/o pa|3.1'/o pa<br>1.6'/0 pa|2.8'/o pa<br>1.3'/0 pa|



## 

## 



## 

## 

## 

## 




## 

## 

## 




## 

## 

## 

||||||||||Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Endowment|funds|
||||||Notes|funds<br>f000|funds<br>f000|funds<br>f000|2020<br>f000|
|Income and endowments|||from:|||||||
|Donations||||||||||
|Parish contributions||||||4,205|||4,205|
|Archbishops'<br>Council||||||3,030|1,124||4,154|
|Other||||||238|665||903|
|Charitable<br>Activities||||||689|1||690|
|Other Trading<br>Activities||||||438|||438|
|Investments<br>income||||||633|32||665|
|Other||||||||1,198|1,198|
|Total Income||||||9,233|1,822|1,198|12,253|
|Expenditure<br>on:||||||||||
|Raising funds|||||10|||||
|Charitable<br>activities||||||||||
|Contributions<br>to Archbishops'||||Council|11|676|52||728|
|Resourdng<br>ministry||and|mission||12|7,363|1,787|228|9,378|
|Resourcing<br>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<br>between|funds||||18|(100)|1,784|(1,684)||
|Net movement<br>In funda||||||817|1,970|742|3,529|
|Total funds<br>brought|forward|||||3,675|7,025|55,132|65,832|
|Total funds carried|forward||||26|4,492|8,995|55,874|69,361|





## 

## 

|32.|Transactions<br>with charities with common<br>trustees|Transactions<br>with charities with common<br>trustees|Transactions<br>with charities with common<br>trustees|Financial<br>year|Income<br>f000|Expenditure<br>6000|Debtor<br>6000|Creditor<br>6000|
|---|---|---|---|---|---|---|---|---|
||Archbishops'<br>Council||||||||
||Common<br>trustees,<br>grant funding<br>services provided|received end||2021<br>2020|4,316<br>4,137|498<br>538|65||
||Llndlsfarne<br>Centre ofTheology||||||||
||Common<br>trustees,<br>training provision<br>for<br>ordlnands<br>and clergy|||2021<br>2020||153<br>137|||
||Stirling<br>Newall Trust||||||||
||Common<br>trustees,<br>receipt ofgrants snd||fees|2021||24|15||
|||||2020||4|||
||Durham<br>Cathedral||||||||
||Common<br>trustees,<br>services provided and loan<br>balance|||2021<br>2020|12<br>05|55|200<br>400||
||The Durham<br>Lesotho Diocesan|Link|||||||
||Common trustees|||2021||25|||
|||||2020||25|||
||Newcastle<br>Diocesan Education|Board|||||||
||Operation<br>ofa Joint Education<br>Team through<br>NDEB to deliver objectives ofthe DDSE.|||2021<br>2020|100<br>71|283<br>303|||
||Lord Crews's<br>Charity||||||||
||Common trustees,<br>receipt ofgrant|funding||2021|400|242|||
|||||2020|219|179||45|
||StJohn's College (Cranmer<br>Hall)||||||||
||Common trustees,<br>training<br>provision<br>for<br>ordinands<br>and clergy|||2021<br>2020||186<br>132|||
||St Hlld and St Bede Trust||||||||
||Common trustees,<br>contribution<br>received <br>respect ofchaplaincy costs||in|2021<br>2020|53<br>44||||
||Communities<br>Together<br>Durham||||||||
||Common trustees,<br>staff seconded|from DDBF||2021||85|||
||to carry out operations.|||2020|||||
||Newcastle<br>Diocesan Board of Finance||||||||
||Managing<br>employer<br>for staff employed<br>joint employment<br>anengements||under|2021<br>2020||57<br>35|||
||Northumbrlan<br>Industrial<br>Mission|(NIM)|||||||
||Support<br>for linked organisations|||2021||26|||
|||||2020||21|||
||North East Churches<br>Acting Together||||||||
||(NECAT)|||2021|||||
||Support for linked organlsati ons|||2020|||||





## 

## 

## 

## 

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