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2022-12-31-accounts

Page
Reference and administrative
details		 1-2
Trustees'
report		 3 —19
Trustees'
responsibilities
statement		 20
Independent
auditor's
report to the trustees of Durham		 Diocesan Board of Finance 21 —23
Statement offinancial
activities		 24
Income and expenditure
account		 25
Balance sheet 26
Statement
ofcash flows		 27
Notes to the financial statements 28-59

Company registered registered
number 00192018
Charity registered
number 248287
Registered office Cuthbert
House
Stone bridge
Durham
DH1 3RY
Company secretary Mr J J Morgan
Independent auditor UNW LLP
Chartered
Accountants
Citygate
StJames' Boulevard
Newcastle
upon		 Tyne
NE1 4JE
Diocesan Chancellor The Worshipful Adrian lies
56 North Bondgate
Bishop Auckland
DL14 7PG
Diocesan Registrar Mr P Wills
Smith Roddam
56 North Bondgate
Bishop Auckland
DL14 7PG
Glebe property agents Savills
Helix
The Lumen
StJames' Boulevard
Newcastle
upon		 Tyne
NE4 5BZ

Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
2022 2022 2022 2022 2021
Note OOOO f000 f000 f000 f000
Income and endowments from:
Donations:
Parish Contributions 4 4,333 4,333 4,373
Archbishops'
Council		 5 2,618 2,327 4,945 4,416
Other 6 320 519 839 657
Charitable
activities		 7 628 628 667
Other trading
activities		 8 588 2 590 562
Investments 9 793 170 963 780
Other income 10 336 336 1,307
Total income and endowments 9,280 3,018 336 12,634 12,762
Expenditure
on:
Raising funds 10 14 24 24
Charitable
activities:
Contributions
to Archbishops'		 Council 13 728 728 702
Resourcing
ministry
and mission		 14 7,932 2,916 177 11,025 10,036
Resourcing
education		 15 250 15 265 304
Total expenditure 8,920 2,931 191 12,042 11,066
Net income before net (losses)/gains
on investments 360 87 145 592 1,696
Net (losses)/gains
on investments		 (267) (676) (2,797) (3,740) 4,100
Net (expenditure)/
income		 93 (589) (2,652) (3,148) 5,796
Transfers
between
funds		 27 (102) 858 (756)
Net movement
in funds		 269 3,408 3,148 5,796
Reconciliation
offunds:
Total funds brought
forward		 5,873 10,994 58,290 75,157 69,361
Net movement
in funds		 (9) 269 (3,408) (3,148) 5,796
Total funds carried forward 27 5,864 11,263 54,882 72,009 75,157

Total funds Total funds
2022 2021
Note f000 f000
Income 12,298 11,988
(Losses)/gains
on investments		 (943) 495
Gross income in the reporting period 11,355 12,483
Less: Total expenditure (11,851) (10,910)
Net (expenditure)/income for the reporting period (496) 1,573
Other comprehensive income
Net assets transferred from endowments 29 756 1,807
Net comprehensive income for the year 260 3,380

2022 2021
Note f000 F000
Fixed assets
Tangible assets 20 33,580 33,540
investments 21 34,169 35,635
67,749 69,175
Current assets
Debtors 22 1,080 1,045
Cash on deposit 23 1,003 1,837
Cash at bank and in hand 2,683 3,763
4,766 6,645
Creditors: amounts falling due within one
year 24 405 562
Net current assets 4,361 6,083
Total assets less current liabilities 72,110 75,258
Creditors: amounts falling due after more
than one year 25 (101) (101)
Total net assets 72,009 75,157
Charity funds
Endowment
funds		 27 54,882 58,290
Including
revaluation		 resewe 62,581,616
(2021:F2,368,832)
Including
fair value		 reserve F2,727,205 (2021:
F6,670,849)
Restricted
funds		 27 11,263 10,994
Including
fair value		 resewe F732,851 (2021:
F1,282,159)
Unrestricted
funds
Designated
funds		 27 25 25
General funds 27 5,839 5,848
Including
revaluation		 reserve F286,584 (2021:
F479,644)
Total unrestricted funds 27 5,864 5,873
Total funds 72,009 75,157

2022 2021
Note f000 8000
Cash flows from operating activities
Net cash used
in operating		 activities 30 (802) (639)
Cash flows from investing activities
Dividends,
interests
and rents from investments		 911 725
Proceeds from the sale oftangible
fixed		 assets 1,088 3,901
Purchase oftangible fixed assets (837) (1,504)
Proceeds from sale ofinvestments 1,229
Purchase ofinvestments (2,474) (5,229)
Interest payable 1
Net cash used
in investing		 activities (1,312) (877)
Cash flows from financing activities
New loans advanced (115)
Repayment
ofloans advanced		 200 200
Net cash provided
by financing
activities		 200 85
Change
in cash and cash		 equivalents in the year (1,914) (1,431)
Cash and cash equivalents at the beginning ofthe year 5,600 7,031
Cash and cash equivalents at the end of the year 31 3,686 5,600

Unrestricted Restricted Total
funds funds funds
2022 2022 2022
f000 OOOO OOOO
Lower income communities fund 2,115 2,115
Strategic development fund 1,597 1,597
Energy and cost of living grants 503 503
Strategic ministry funding 188 188
Ordinands
training		 grant 542 542
2,618 2,327 4,945
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
f000 f000 f000
Lower income communities fund 2,180 2,180
Strategic development fund 1,257 1,257
Renewal 8 reform fund 158 158
Sustainability
fund		 250 250
Ordinands
training		 grant 475 475
Strategic ministry funding 96 96
2,526 1,890 4,416

Unrestricted Restricted Total
funds funds funds
2022 2022 2022
OOOO f000 OOOO
Benefact Trust 179 113 292
Lord Crewe 340 340
St Hild and St Bede Trust 11 11
Other grants and donations 141 55 196
320 519 839
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
FOOO f000 f000
Benefact Trust 178 178
Lord Crewe 359 359
St Hild and St Bede Trust 9 9
Other grants and donations 29 82 111
216 441 657

Income from charitable
activities
Total funds Total funds
2022 2021
f000 OOOO
Statutory fees 494 548
Chaplaincy 50 41
St Hild and St Bede Trust (for Chaplaincy) 8 8
Miscellaneous income 76 70
628 667

Unrestricted Restricted Total
funds funds funds
2022 2022 2022
f000 F000 f000
Rental income from parsonages 449 449
Education service level agreements 138 140
Miscellaneous income 1 1
588 590
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
FOOO FOOO FOOO
Rental income from parsonages 367 367
Education service level agreements 155 33 188
Miscellaneous income 7 7
529 33 562
9. Income from investments
Unrestricted Restricted Total
funds funds funds
2022 2022 2022
f000 FOOO f000
Income from UK listed investments 650 169 819
Interest receivable 91 1 92
Rents receivable 52 52
793 170 963
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
FOOO FOOO f000
Income from UK listed investments 572 63 635
Interest receivable 81 9 90
Rents receivable 55 55
708 72 780

Endowment Total
funds funds
2022 2022
OOOO f000
Gain on disposal of properties 336 336
Unrestricted Restricted Endowment Total
funds funds funds funds
2021 2021 2021 2021
FOOO FOOO f000 FOOO
Gain on disposal of properties 396 137 774 1,307

Unrestricted Endowment Total
funds funds funds
2022 2022 2022
OOOO f000 OOOO
Glebe agents fees 7
Glebe investment costs 14 17
10 14 24
Unrestricted Endowment Total
funds funds funds
2021 2021 2021
f000 FOOO f000
Glebe agents fees 7 7
Glebe investment costs 11 17
18 24

Activities Grant
undertaken funding of Support Total
directly activities costs funds
2022 2022 2022 2022
f000 OOOO OOOO f000
Contributions to Archbishops' Council (note
13) 728 728
Resourcing ministry and mission (note 14) 8,574 1,180 1,271 11,025
Resourcing Education (note 15) 265 265
8,839 1,908 1,271 12,018
Activities Grant
undertaken funding
of		 Support Total
directly activities costs funds
2021 2021 2021 2021
f000 FOOO f000 f000
Contributions to Archbishops' Council (note
13) 702 702
Resourcing ministry and mission (note 14) 8,185 667 1,184 10,036
Resourcing Education (note 15) 304 304
8,489 1,369 1,184 11,042

Contrib utions
t		 o A rchbishops'
Council
Total Total
funds funds
2022 2021
f000 f000
Training for ministry 224 224
National Church responsibilities 250 268
Grants and provisions 269 205
Pooling ofordinand candidates (15) 5
728 702

Unrestricted Restricted Endowment Total
funds funds funds funds
2022 2022 2022 2022
OOOO OOOO f000 F000
Stipends and national insurance 3,376 437 3,813
Clergy pension 976 80 1,056
Pension deficit creditor movement (note 34) (99) (99)
Housing costs 1,416 162 1,578
Removal, resettlement and other grants 102 8 110
Mission: stipendiary, staff and activity costs 411 1,440 1,851
Lindisfarne
Regional		 Training Partnership
grant 42 478 520
Strategic development costs
Other expenses and grants 786 139 925
Support for parish
ministry (see note 16)		 922 334 15 1,271
7,932 2,916 177 11,025
Unrestricted Restricted Endowment Total
funds funds funds funds
2021 2021 2021 2021
f.000 FOOO f000 f000
Stipends and national insurance 3,659 168 3,827
Clergy pension 1,027 58 1,085
Pension deficit creditor movement (note 34) 5 5
Housing costs 1,169 135 1,304
Removal, resettlement and other grants 125 125
Mission: stipendiary, staff and activity costs 379 1,200 1,579
Lindisfarne
Regional		 Training Partnership
grant 50 442 492
Strategic development costs 19 19
Other expenses and grants 386 30 416
Support for parish
ministry (see note 16)		 804 365 15 1,184
7,604 2,282 150 10,036

Unrestricted Restricted Total
funds funds funds
2022 2022 2022
FOOO FOOO OOOO
Administration 250 250
Closed schools 15 15
250 15 265
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
FOOO FOOO FOOO
Administration 281 281
Closed schools 23 23
281 23 304
16. Analysis of support costs
Total Total
funds funds
2022 2021
OOOO FOOO
Central staff costs 640 651
Movement
on CWPF deficit creditor		 (123)
Central office and premises 87 74
Technology and communication 155 172
Depreciation 45 49
Legal and registry costs 136 131
Synod, Board and Committee expenses 30 29
External audit 22 20
Other support costs 59 71
Other costs 97 110
1,271 1,184

Analysis ofgrants made
Total
Number Individuals Institutions 2022
f000 OOOO OOOO
From unrestricted
funds		 for
National
Church responsibilities:
Contributions
to Archbishops'		 Council 474 474
Other grants made:
NECAT 1 8
Northumbrian
Industrial
Mission		 1 2
Lesotho 1 25 25
Training for Ministry Grants 73 77 443 520
Resettlement
and First Appointment		 Grants 27 102 102
Ordinands'
Grants		 26 269 269
Basic Clergy Development Grants 64 14 14
Special CMD 8 Sabbatical Grants 17 7 7
Mission Fund Grants 20 14 14
Church
building
committee		 grants 14 42 42
Ministry
Hardship
Grant		 32 48 48
Energy Support Grant funding 157 383 383
434 866 1,042 1,908
Total
Number Individuals
OOOO		 Institutions
OOOO		 2021
f000
From unrestricted
funds		 for
National
Church responsibilities:
Contributions
to Archbishops'		 Council 497 497
Other grants made:
NECAT 1 8
Northumbrian
Industrial
Mission		 1 2
Lesotho 1 25 25
Training
for Ministry
Grants		 68 61 411 472
Resettlement
and First Appointment		 Grants 22 88 88
Ordinands'
Grants		 28 205 205
Basic Clergy Development Grants 41 6 6
Special CMD 8 Sabbatical Grants 17 11 11
Mission Fund Grants 9 23 23
Church
building
committee		 grants 15 32 32
204 426 943 1,369

2022 2021
OOOO OOOO
Fees payable to the charitable company's auditor for the audit ofthe
charitable
company's
annual accounts		 20 18
Fees payable to the charitable company's auditor in respect of:
All non-audit services not included above
Staff costs
2022 2021
f000 f000
Employee costs during the year were as follows:
Wages and salaries 1,485 1,414
National
insurance
contributions		 157 136
Pension costs - current year contributions 211 203
Movement on pension deficit creditor (see note 33) (123)
1,853 1,630

2022 2021
OOOO f000
The average monthly number ofemployees during the year were as
follows:
Staff 40 43
The number of higher paid employees was: 2022 2021
No. No.
In the band f60,001 - f70,000
In the band f70,001 - f80,000

them
by the trustee
they were:		 s,
for planni		 ng,
directing
a		 nd
controlling
the		 activities
o		 f the Diocese.
Diocesan Secretary Mr JJames G Morgan
Director of Mission, Discipleship 8 Ministry The Venerable Elizabeth M Wilkinson
Director ofStrategic Growth The Reverend Canon David R Tomlinson
(resigned
May		 2022)

Stipend Housing
Right Revd SClark no yes
Venerable
RL Simpson		 yes yes
Venerable
RG Cooper		 yes yes
Venerable
EM Wilkinson		 yes yes
Revd P Arnold yes yes
Canon SClark yes yes
Revd L Sutherland yes yes
Canon
D Tolhurst		 yes yes

holding
 pa rochial
o		 r diocesan appointments
in the Diocese, and the cost		 s were as follows:
2022 2021
f000 f000
Stipends 3,491 3,501
National insurance contributions 308 298
Pension costs - current year contributions 1,243 1,392
Movement on pension scheme deficit creditor (see note 34) (99) 5
4,943 5,196

Office Glebe
Property equipment Parsonages Property Total
f000 f000 f000 f000 f000
Cost or valuation
At 1 January 2022 3,538 95 20,787 10,003 34,423
Additions 86 6 745 837
Disposals (772) (772)
Transfers
between classes		 78 (78)
At 31 December 2022 3,624 101 20,093 10,670 34,488
Depreciation
At 1 January 2022 121 94 434 234 883
Charge for the year 30 2 5 8 45
On disposals (20) (20)
Transfers between classes 2 (2)
At 31 December 2022 151 96 421 240 908
Net book value
At 31 December 2022 3,473 19,672 10,430 33,580
At 31 December 2021 3,417 20,353 9,769 33,540

Listed Loans to Agricultural
investments associates land Total
f000 f000 f000 OOOO
Cost or valuation
At 1 January 2022 32,645 215 2,775 35,635
Additions 2,470 4 2,474
Disposals (200) (200)
Revaluations (3,953) 213 (3,740)
At 31 December 2022 31,162 19 2,988 34,169
Net book value
At 31 December 2022 31,162 19 2,988 34,169
At 31 December 2021 32,645 215 2,775 35,635
Historic cost at 31 December 2022 27,414 19 407 27,840

2022 2021
OOOO f000
Due after more than one year
Church Buildings loan 103 108
Equity share loan 134 134
237 242
Due within one year
Parish share debtors 11 12
Church Buildings loans 2 2
Other debtors 737 302
Prepayments and accrued income 93 487
1,080 1,045
23. Current asset invest men ts
2022 2021
f000 f000
CBF Deposit fund 1,003 1,837
24. Creditors: amounts falling due within one year
2022 2021
OOOO OOOO
Trade creditors 276 231
Pension deficit payments creditor (note 34) 240
Other creditors 2 11
Accruals and deferred income 127 80
405 562
25. Creditors: amounts falling due after more than one year
2022 2021
f000 f000
Loans 101 101

Summary offunds -current year
Balance at
Balance at 31
1 January Transfers Gains/ December
2022 Income Expenditure in/out (Losses) 2022
f000 f000 OOOO f000 f000 OOOO
Designated funds 25 25
General funds 5,848 9,280 (8,920) (102) (267) 5,839
Endowment funds 58,290 336 (191) (756) (2,797) 54,882
Restricted funds 10,994 3,018 (2,931) 858 (676) 11,263
75,157 12,634 (12,042) (3,740) 72,009
Summary offunds - prior year
Balance at
Balance at 31
1 January Transfers Gains/ December
2021 Income Expenditure in/out (Losses) 2021
f000 OOOO f000 f000 FOOO f000
Designated funds 25 25
General funds 4,467 9,415 (8,605) 537 34 5,848
Endowment funds 55,874 774 (156) (1,807) 3,605 58,290
Restricted funds 8,995 2,573 (2,305) 1,270 461 10,994
69,361 12,762 (11,066) 4,100 75,157

Statement offunds - current year
Balance at
Balance at 1 31
January Transfers Gains/ December
2022 Income Expenditure in/(out) (Losses) 2022
f000 f000 f000 f000 f000 f000
Designated
funds
Bequests Fund 25 25
Unrestricted
funds
General 5,848 9,280 (8,920) (102) (267) 5,839
Restricted funds
Parsonages
Building		 Fund 2,151 46 (155) 2,042
Durham
Closed Schools Fund		 580 13 (15) 10 588
Pastoral
Fund		 6,504 98 (159) 996 (387) 7,052
Ministry
and Preordination
Training
Fund		 169 542 (479) (128) 104
Faith in the Community 3 (3)
Lord Crewe's Charity 118 340 (286) 172
Strategic Development Fund-
Resourcing
Churches		 28 675 (674) 29
Restructuring
Fund -		 Renewal
& Reform 208 (145) 63
Strategic Development Fund II
- Communities
for Hope		 698 (693)
Misc Restricted
Fund		 (Misc
Income for projects) 52 50 (33) 69
Durham
Capacity Fund
(Restricted) 175 (176)
Strategic Capacity Grant fund 49 (49)
Strategic Ministry
Fund		 188 (188)
Benefact Trust- Cultivate
funding 100 100
Benefact Trust - Giving
Adviser funding 13 (13)
Other 1,181 31 (18) (20) (134) 1,040
10,994 3,018 (2,931) 858 (676) 11,263
Endowment
funds
Parsonages
Houses Fund		 20,263 336 (5) (920) - 19,674
Stipends
Capital Fund		 38,027 (186) 164 (2,797) 35,208
58,290 336 (191) (756) (2,797) 54,882
Total offunds 75,157 12,634 (12,042) (3,740) 72,009

Balance at
Balance at 31
1 January Transfers Gains/ December
2021 Income Expenditure in/out (Losses) 2021
f000 f000 f000 f000 OOOO f000
Designated
funds
Bequests Fund 25 25
General funds
General 4,467 9,415 (8,605) 537 34 5,848
Restricted funds
Board of Education
Training Fund 11 (11)
Parsonages
Building		 Fund 1,685 33 266 167 2,151
Durham Closed Schools
Fund 412 42 (22) 11 137 580
Pastoral Fund 5,496 48 (192) 995 157 6,504
Ministry
8 Preordination
Training Fund 136 475 (442) 169
Faith in the Community 3 3
Lord Crewe 4 356 (242) 118
Strategic Development
Fund - Resourcing
Churches 28 640 (640) 28
Restructuring
Fund		 181 158 (140) 208
Strategic Development
Fund
II		 - Communities for
Hope 1,039 302 (108) 1,233
Strategic Development
Fund 500 (500)
Strategic Development
Fund - MLG 19 (19)
8,995 2,573 (2,305) 1,270 461 10,994
Endowment
funds
Parsonages
Houses Fund		 21,696 (7) (1,892) 466 20,263
Stipends Capital Fund 34,178 774 (149) 85 3,139 38,027
55,874 774 (156) (1,807) 3,605 58,290
Total of funds 69,361 12,762 (11,066) 4,100 75,157

Analysis ofnet assets between funds
-		 current year
Unrestricted Restricted Endowment Total
funds funds funds funds
2022 2022 2022 2022
f000 f000 OOOO f000
Tangible fixed assets 1,823 1,656 30,101 33,580
Fixed asset investments 2,385 6,888 24,896 34,169
Debtors due after more than one year 237 237
Current assets 1,810 2,719 4,529
Creditors due within one year (391) (14) (405)
Creditors due in more than one year (101) (101)
Total 5,864 11,263 54,882 72,009

Unrestricted Restricted Endowment Total
funds funds funds funds
2021 2021 2021 2021
f000 f000 f000 f000
Tangible fixed assets 1,738 1,680 30,122 33,540
Fixed asset investments 2,033 4,950 28,652 35,635
Debtors due after more than one year 242 242
Current assets 2,039 4,364 6,403
Creditors due within one year (78) (484) (562)
Creditors due in more than one year (101) (101)
Total 5,873 10,994 58,290 75,157

Unrestricted Restricted Endowment Total
funds funds funds funds
2022 2022 2022 2022
f000 f000 OOOO f000
Transfer of Parsonage Property to Pastoral 996 (996)
Transfer from general funds to Stipend
Capital fund
in respect of reduction		 in
clergy pension scheme deficits payment
creditor (240) 240
Transfer ofbalance of Ministry and Pre
ordination
fund To Board of Finance		 CBF
Deposit Fund 10 (10)
Released cash from Pastoral to Stipend
Capital (774) 774
Release of investment shares from Stipend
Capital to Pastoral 774 (774)
Total (102) 858 (756)
Analysis ofsignificant transfers between funds —prior year
Unrestricted Restricted Endowment Total
funds funds funds funds
2021 2021 2021 2021
f000 f000 f000 f000
Transfer ofParsonage Property to Pastoral
Fund 995 (995)
Transfer ofParsonage Property to
Parsonage
Building		 Fund 267 (267)
Transfer ofGlebe cost to Transitional fund 8 (8)
Transfer ofParsonage Property to
Unrestricted
Funds		 758 (758)
Transfer form general funds to Stipend
Capital Fund
in respect of reduction		 in
clergy pension scheme deficits payment
creditor (243) 243
Reallocation
of housing costs		 22 (22)
Total 537 1270 (1,807)

2022 2021
f000 f000
Net
income/expenditure
for
the
Activities)		 year (as per Statement of Financial (3,148) 5,796
Adjustments
for:
Depreciation
charges		 45 48
Gains on investments 3,740 (4,100)
Dividends,
interests
and rents from		 investments (911) (725)
Increase
in debtors		 (35) (50)
Increase
in creditors		 83 82
Profit on sale offixed assets (336) (1,307)
Pension
revaluation		 (99) (119)
Contributions
to pension scheme		 (141) (264)
Net cash used in operating activities (802) (639)
Analysis ofcash and cash equivalents
2022 2021
f000 OOOO
Cash in hand 2,683 3,763
Notice deposits (less than 3 months) 1,003 1,837
Total cash and cash equivalents 3,686 5,600

At 1 At 31
January December
2022 Cash flows 2022
f000 f000 f000
Cash at bank and in hand 3,763 (1,080) 2,683
Debt due within
1		 year (240) 240
Debt due after 1 year (101) (101)
Liquid investments 1,837 (834) 1,003
5,259 (1,674) 3,585

needed
for December
2021
already
known.		 since pensiona ble
stipends
for th		 e remainder
of the r		 ecovery
plan
2022 2021 2020
Discount rate n/a 0.0% pa 0.2% pa
Price inflation
Increase to total pensionable		 payroll n/a
n/a		 n/a
-1.5% pa		 3.1%pa
1.6% pa

2022 2021
f000 f000
Balance at 1 January 14,275 12,945
Funds received 430 374
Payments made (491) (568)
Revaluation of investments held (1,451) 1,524
Balance at 31 December 12,753 14,275