| Page | ||
|---|---|---|
| Reference and administrative details |
1-2 | |
| Trustees' report |
3 —20 | |
| Trustees' responsibilities statement |
21 | |
| Independent auditor's report to the trustees of Durham |
Diocesan Board of Finance | 22-24 |
| Statement offinancial activities |
25 | |
| Income and expenditure account |
26 | |
| Balance sheet | 27 | |
| Statement ofcash flows | 28 | |
| Notes to the financial statements | 29-65 |
| Company | registered | registered | registered | |||
|---|---|---|---|---|---|---|
| number | 00192018 | |||||
| Charity registered | ||||||
| number | 248287 | |||||
| Registered | office | Cuthbert House |
||||
| Stonebddge | ||||||
| Durham | ||||||
| DH1 3RY | ||||||
| Company | secretary | Canon JJ Morgan | ||||
| Independent | auditor | UNW LLP | ||||
| Chartered Accountants |
||||||
| Citygate | ||||||
| StJames' Boulevard | ||||||
| Newcastle upon |
Tyne | |||||
| NE1 4JE | ||||||
| Diocesan | Chancellor | The Worshipful | Adrian | Iles | ||
| 56 North Bondgate | ||||||
| Bishop Auckland | ||||||
| DL147PG | ||||||
| Diocesan | Registrar | Mr P Wills | ||||
| Smith Roddam | ||||||
| 56 North Bondgate | ||||||
| Bishop Auckland | ||||||
| DL147PG | ||||||
| Glebe property | agents | Savills | ||||
| Helix | ||||||
| The Lumen | ||||||
| St James' Boulevard | ||||||
| Newcastle upon |
Tyne | |||||
| NE4 5BZ |
| Unrestricted | Restricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||||
| 2023 | 2023 | 2023 | 2023 | 2022 | ||||
| Note | f000 | f000 | f000 | f000 | f000 | |||
| Income and endowments | from: | |||||||
| Donations: | ||||||||
| Parish Contributions | 4 | 4,255 | 4,255 | 4,333 | ||||
| Archbishops' Council |
5 | 2,115 | 2,597 | 4,712 | 4,945 | |||
| Other | 6 | 229 | 646 | 875 | 839 | |||
| Charitable activities |
7 | 641 | 641 | 628 | ||||
| Other trading activities |
8 | 635 | 3 | 638 | 590 | |||
| Investments | 9 | 483 | 215 | 338 | 1,036 | 963 | ||
| Other income | 10 | 241 | 241 | 336 | ||||
| Total income and endowments | 8,358 | 3,461 | 579 | 12,398 | 12,634 | |||
| Expenditure on: |
||||||||
| Raising funds | 79 | 79 | 24 | |||||
| Charitable activities: |
||||||||
| Contributions to Archbishops' |
Council | 13 | 693 | 4 | 697 | 728 | ||
| Resourcing ministry and mission |
14 | 8,610 | 3,300 | 23 | 11,933 | 11,025 | ||
| Resourcing education |
15 | 278 | 10 | 288 | 265 | |||
| Total expenditure | 9,660 | 3,314 | 23 | 12,997 | 12,042 | |||
| Net (expenditure)/income | before net | |||||||
| (losses)/gains on investments |
(1,302) | 147 | 556 | (599) | 592 | |||
| Net gain/(losses) on investments |
226 | 645 | 2,439 | 3,310 | (3,740) | |||
| Net income/(expenditure) | (1,076) | 792 | 2,995 | 2,711 | (3,148) | |||
| Transfers between funds |
27 | 1,017 | (92) | (925) | ||||
| Net movement in funds |
59 | 700 | 2,070 | 2,711 | 3,148 | |||
| Reconciliation offunds: |
||||||||
| Total funds brought forward |
5,864 | 11,263 | 54,882 | 72,009 | 75,157 | |||
| Net movement in funds |
(59) | 700 | 2,070 | 2,711 | (3,148) | |||
| Total funds carried forward | 27 | 5,805 | 11,963 | 56,952 | 74,720 | 72,009 |
| Total funds | Total funds | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Note | 8000 | OOOO | ||||
| Income | 11,819 | 12,298 | ||||
| Gains/(losses)/ on investments |
871 | (943) | ||||
| Gross income in the |
reporting | period | 12,690 | 11,355 | ||
| Less: Total expenditure | (12,974) | (11,851) | ||||
| Net income/(expenditure) for the reporting |
period | (284) | (496) | |||
| Other comprehensive Net assets transferred |
income from endowments |
30 | 925 | 756 | ||
| Net comprehensive | income for the year | 641 | 260 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | f000 | OOOO | |||||
| Fixed assets | |||||||
| Tangible assets Investments |
20 21 |
35,758 36,812 |
33,580 34,169 |
||||
| Current assets | 72,570 | 67,749 | |||||
| Debtors Cash on deposit Cash at bank and |
in hand | 22 23 |
1,368 634 1,731 |
1,080 1,003 2,683 |
|||
| Creditors: amounts | falling due within one | 3,733 | 4,766 | ||||
| year | 24 | 1,534 | 405 | ||||
| Net current assets | 2,199 | 4,361 | |||||
| Total assets less current liabilities Creditors: amounts falling due after more |
74,769 | 72,110 | |||||
| than one year | 25 | (49) | (101) | ||||
| Total net assets | 74,720 | 72,009 | |||||
| Charity funds | |||||||
| Endowment funds |
27 | 56,952 | 54,882 | ||||
| Restricted funds | 27 | 11,963 | 11,263 | ||||
| Unrestricted funds |
|||||||
| Designated funds |
27 | 7 | 25 | ||||
| General funds | 27 | 5,798 | 5,839 | ||||
| Total unrestricted | funds | 27 | 5,805 | 5,864 | |||
| Total funds | 74,720 | 72,009 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | OOOO | f000 | |||
| Cash flows from operating activities |
|||||
| Net cash used in operating activities |
31 | (990) | (802) | ||
| Cash flows from investing activities Dividends, interests and rents from investments Proceeds from the sale oftangible fixed assets |
1,036 996 |
911 1,088 |
|||
| Purchase oftangible fixed assets Proceeds from sale of investments |
(2,738) 677 |
(837) | |||
| Purchase ofinvestments | (10) | (2,474) | |||
| Net cash used in investing activities |
(39) | (1,312) | |||
| Cash flows from financing activities |
|||||
| New loans advanced | |||||
| Repayment ofloans advanced |
(292) | 200 | |||
| Net cash provided by financing activities |
(292) | 200 | |||
| Change in cash and cash equivalents in Cash and cash equivalents at the beginning |
the year ofthe year |
(1,321) 3,686 |
(1,914) 5,600 |
||
| Cash and cash equivalents at the end of |
the year | 32 | 2,365 | 3,686 | |
| The notes on pages 28to 59form part ofthese financial statements |
| Total funds | Total funds | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| f000 | OOOO | |||||
| Unrestricted | general fund - parish share | |||||
| Contributions | pledged and paid |
4,227 | 4,321 | |||
| Contributions | from previous years | 28 | 12 | |||
| 4,255 | 4,333 | |||||
| Current year parish share receipts as a proportion oftotal amounts |
(excluding pledged |
contributions | from prior years) | 952% | 96.1% |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2023 | ||
| FOOO | f000 | f000 | ||
| Lower income communities | fund | 2,067 | 2,067 | |
| Strategic development fund Energy and cost of living grants Strategic ministry funding Ordinands training grant |
48 | 1,825 40 383 349 |
1,873 40 383 349 |
|
| 2,115 | 2,597 | 4,712 | ||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| f.000 | f000 | f000 | ||
| Lower income communities | fund | 2,115 | 2,115 | |
| Strategic development fund Energy and cost of living grants Strategic ministry funding Ordinands training grant |
503 | 1,597 188 542 |
1,597 503 188 542 |
|
| 2,618 | 2,327 | 4,945 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| f000 | OOOO | f000 | |
| Benefact Trust | 157 | 23 | 180 |
| Lord Crewe | 353 | 353 | |
| St Hild and StBede Trust | 15 | 15 | |
| Other grants and donations | 57 | 270 | 327 |
| 229 | 646 | 875 | |
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| FOOO | f000 | f000 | |
| 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 |
| Total funds | Total funds | ||
|---|---|---|---|
| 2023 | 2022 | ||
| f000 | f000 | ||
| Statutory fees | 467 | 494 | |
| Chaplaincy | 36 | 50 | |
| St Hild and St | Bede Trust (for Chaplaincy) | 8 | 8 |
| Miscellaneous | income | 130 | 76 |
| 641 | 628 |
| 8. | Income from | other activities | Unrestricted | Restricted | Total |
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2023 | |||
| OOOO | OOOO | f000 | |||
| Rental income from parsonages Education service level agreements |
508 127 |
508 130 |
|||
| Miscellaneous | income | ||||
| 635 | 638 | ||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| f000 | FOOO | f000 | |||
| Rental income from parsonages Education service level agreements |
449 138 |
449 140 |
|||
| Miscellaneous | income | 1 | 1 | ||
| 588 | 590 |
| Income from investments | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |
| funds | funds | funds | funds | |
| 2023 | 2023 | 2023 | 2023 | |
| f000 | OOOO | OOOO | OOOO | |
| Income from UK listed investments | 411 | 211 | 338 | 960 |
| Interest receivable | 17 | 4 | 21 | |
| Rents receivable | 55 | 0 | 55 | |
| 483 | 215 | 338 | 1,036 | |
| Unrestricted | Restricted | Endowment | Total | |
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2022 | |
| FOOO | f000 | f000 | FOOO | |
| Income from UK listed investments | 650 | 169 | 819 | |
| Interest receivable | 91 | 92 | ||
| Rents receivable | 52 | 52 | ||
| 793 | 170 | 963 |
| Endowment | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2023 | 2023 | ||||
| f000 | E.OOO | ||||
| Gain | on | disposal | ofproperties | 241 | 241 |
| Endowment | Total | ||||
| funds | funds | ||||
| 2022 | 2022 | ||||
| f000 | f000 | ||||
| Gain | on | disposal | ofproperties | 336 | 336 |
| Unrestricted | Endowment | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2023 | |||
| OOOO | f000 | OOOO | |||
| Glebe Glebe |
agents fees investment |
costs | 31 48 |
31 48 |
|
| 79 | 79 |
| Unrestricted | Endowment | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| f000 | f000 | f000 | |||
| Glebe Glebe |
agents fees investment |
costs | 14 | 7 17 |
|
| 10 | 14 | 24 |
| Activities | Grant | |||||||
|---|---|---|---|---|---|---|---|---|
| undertaken directly 2023 OOOO |
funding of activities 2023 f000 |
Support costs 2023 OOOO |
Total funds 2023 f000 |
|||||
| Contributions | to Archbishops' | Council (note | 697 | 697 | ||||
| 13) Resourcing Resourcing |
ministry and mission Education (note 15) |
(note 14) | 9,760 288 |
710 | 1,463 | 11,933 288 |
||
| 10,048 | 1,407 | 1,463 | 12,918 | |||||
| Activities | Grant | |||||||
| undertaken directly 2022 |
funding of activities 2022 |
Support costs 2022 |
Total funds 2022 |
|||||
| f000 | f000 | f000 | OOOO | |||||
| Contributions 13) Resourcing Resourcing |
to Archbishops' Council (note ministry and mission (note 14) Education (note 15) |
8,574 265 |
728 1,180 |
1,271 | 728 11,025 265 |
|||
| 8,839 | 1,908 | 1,271 | 12,018 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2023 | |||
| FOOO | f000 | f000 | |||
| Training National Grants Pooling |
for ministry Church responsibilities and provisions of ordinand candidates |
224 250 228 (9) |
224 250 232 (9) |
||
| 693 | 697 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| f000 | f000 | f000 | |||
| Training | for ministry | 224 | 224 | ||
| National | Church responsibilities | 250 | 250 | ||
| Grants | and provisions | 269 | 269 | ||
| Pooling | ofordinand | candidates | (15) | (15) | |
| 728 | 728 |
| Unrestricted | Restricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2023 | 2023 | 2023 | 2023 | ||||
| OOOO | f000 | f000 | f000 | ||||
| Stipends | and national | insurance | 3,463 | 581 | 4,044 | ||
| Clergy pension | 861 | 56 | 917 | ||||
| Housing | costs | 1,881 | 1 | 10 | 1,892 | ||
| Removal, | resettlement | and other grants | 175 | 13 | 188 | ||
| Mission: | stipendiary, | staff and activity costs | 496 | 1,498 | 1,994 | ||
| Ministerial | Training | 60 | 307 | 367 | |||
| Strategic | development | costs | 297 | 297 | |||
| Other expenses and | grants | 541 | 230 | 771 | |||
| Support for parish | ministry (see note 16) | 1,133 | 317 | 13 | 1,463 | ||
| 8,610 | 3,300 | 23 | 11,933 |
| Unrestricted | Restricted | Endowment | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2022 | |||
| f000 | f000 | 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 | ||
| I indisfarne College ofTheology 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 | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| f000 | OOOO | f000 | |
| Administration | 278 | 278 | |
| Closed schools | 10 | 10 | |
| 278 | 10 | 288 | |
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| f000 | f000 | f000 | |
| Administration | 250 | 250 | |
| Closed schools | 15 | 15 | |
| 250 | 15 | 265 |
| Analysis of | support costs | ||
|---|---|---|---|
| Total | Total | ||
| funds | funds | ||
| 2023 | 2022 | ||
| OOOO | f000 | ||
| Central staff | costs | 750 | 640 |
| Central office and premises | 89 | 87 | |
| Technology | and communication | 166 | 155 |
| Depreciation | 45 | 45 | |
| Legal and registry costs | 150 | 136 | |
| Synod, Board and Committee expenses | 53 | 30 | |
| External audit | 25 | 22 | |
| Other support costs | 66 | 59 | |
| Other costs | 119 | 97 | |
| 1,463 | 1,271 |
| Total | ||||||
|---|---|---|---|---|---|---|
| Individuals | Institutions | 2023 | ||||
| f000 | OOOO | OOOO | ||||
| From unrestricted funds |
for | |||||
| National Church responsibilities: |
||||||
| Contributions to Archbishops' |
Council | 466 | 474 | |||
| Other grants made: | ||||||
| NECAT | 8 | 8 | ||||
| Lesotho | 25 | 25 | ||||
| Resettlement and First Appointment |
Grants | 157 | 157 | |||
| Ordinands' Grants |
231 | 223 | ||||
| Basic Clergy Development | Grants | 18 | 18 | |||
| Special CMD 8 Sabbatical | Grants | 7 | 7 | |||
| Mission Fund Grants | 23 | 23 | ||||
| Church building committee |
grants | 34 | 34 | |||
| Ministry Hardship Grant |
7 | 8 | ||||
| Energy Support Grant funding | 64 | 65 | ||||
| I indisfarne College ofTheology |
367 | 367 | ||||
| 500 | 907 | 1,407 |
| Analysis ofgrants made | (co | ntinu | ed) | ||||
|---|---|---|---|---|---|---|---|
| Total | |||||||
| Individuals | Institutions | 2022 | |||||
| OOOO | f000 | f000 | |||||
| From unrestricted funds |
for | ||||||
| National Church responsibilities: |
|||||||
| Contributions to Archbishops' |
Council | 474 | 474 | ||||
| Other grants made: | |||||||
| NECAT | 8 | 8 | |||||
| Northumbrian Industrial Mission |
2 | 2 | |||||
| Lesotho | 25 | 25 | |||||
| Training for Ministry Grants | 77 | 443 | 520 | ||||
| Resettlement and First Appointment |
Grants | 102 | 102 | ||||
| Ordinands' Grants |
269 | 269 | |||||
| Basic Clergy Development | Grants | 14 | 14 | ||||
| Special CMD &Sabbatical | Grants | 7 | 7 | ||||
| Mission Fund Grants | 14 | 14 | |||||
| Church building committee |
grants | 42 | 42 | ||||
| Ministry Hardship Grant |
48 | 48 | |||||
| Energy Support Grant funding | 383 | 383 | |||||
| 866 | 1,042 | 1,908 | |||||
| Auditor's remuneration |
|||||||
| 2023 | 2022 | ||||||
| OOOO | f000 | ||||||
| Fees payable to the charitable | company's | auditor | for the audit ofthe | ||||
| charitable company's annual |
accounts | 24 | 20 | ||||
| Fees payable to the charitable | company's | auditor | in respect of: | ||||
| All non-audit services not included |
above | ||||||
| Staff costs | |||||||
| 2023 | 2022 | ||||||
| OOOO | f000 | ||||||
| Employee costs during the Wages and salaries |
year | were | as follows: | 1,649 | 1,485 | ||
| National insurance contributions |
165 | 157 | |||||
| Pension costs | 219 | 211 | |||||
| 2,033 | 1,853 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| The average monthly number ofemployees |
during the year were as | OOOO | f000 | |
| follows: | ||||
| Staff | 40 | |||
| The number of higher paid employees | was: | 2023 | 2022 | |
| No. | No. | |||
| In the band f70,001 - 680,000 | ||||
| In the band F80,001 - f90,000 |
| y the DDB | F du | ring the year: | ||
|---|---|---|---|---|
| Stipend | Housing | |||
| Right Reverend | PR Butler (Chair) | No | No | |
| Right Reverend | SEClark | No | Yes | |
| Venerable | RL | Simpson | Yes | Yes |
| Venerable | EM | Wilkinson | Yes | Yes |
| Venerable | RG | Cooper | Yes | Yes |
| holding |
parochial or diocesan appointments in the Diocese, and the cost |
s were as follows: | |
|---|---|---|---|
| 2023 | 2022 | ||
| OOOO | f000 | ||
| Stipends National |
insurance contributions |
3,722 325 |
3,491 308 |
| Pension costs - current year contributions Movement on pension scheme deficit creditor (see note 34) |
952 | 1,243 (99) |
|
| 4,999 | 4,943 |
| Office | Glebe | ||||
|---|---|---|---|---|---|
| Property OOOO |
equipment OOOO |
Personages f000 |
Property f000 |
Total OOOO |
|
| Cost or valuation | |||||
| At 1 January 2023 | 3,624 | 101 | 20,093 | 10,670 | 34,488 |
| Additions | 368 | 2,370 | 2,738 | ||
| Disposals Transfers between classes |
78 | (302) (78) |
(221) | (523) | |
| At 31 December 2023 | 3,702 | 101 | 20,081 | 12,819 | 36,703 |
| Depreciation | |||||
| At 1 January 2023 | 151 | 96 | 421 | 240 | 908 |
| Charge for the year | 32 | 1 | 3 | 9 | 45 |
| On disposals Transfers between classes |
(5) (2) |
(3) | (8) | ||
| At 31 December 2023 | 185 | 97 | 417 | 246 | 945 |
| Net book value | |||||
| At 31 December 2023 | 3,517 | 19,664 | 12,573 | 35,758 | |
| At 31 December 2022 | 3,473 | 19,672 | 10,430 | 33,580 |
| Listed | Loans to | Agricultural | ||
|---|---|---|---|---|
| investments | associates | land | Total | |
| OOOO | f000 | f000 | OOOO | |
| Cost or valuation | ||||
| At 1 January 2023 Additions |
31,162 | 19 10 |
2,988 | 34,169 10 |
| Disposals Revaluations |
(621) 2,926 |
(56) 383 |
(677) 3,310 |
|
| At 31 December 2023 | 33,468 | 29 | 3,315 | 36,812 |
| Net book value At 31 December 2023 |
33,468 | 29 | 3,315 | 36,812 |
| At 31 December 2022 | 31,162 | 19 | 2,988 | 34,169 |
| Historic cost at 31 December 2023 | 26,840 | 29 | 403 | 27,272 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| OOOO | f000 | ||||
| Due after more than one year | |||||
| Church | Buildings | loan | 139 | 103 | |
| Equity | share | loan | 134 | 134 | |
| 273 | 237 | ||||
| Due within one year | |||||
| Parish | share | debtors | 11 | ||
| Church | Buildings | loans | 3 | 2 | |
| Other debtors | 477 | 737 | |||
| Prepayments | and | accrued income | 615 | 93 | |
| 1,095 | 843 | ||||
| Total | 1,368 | 1,080 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| OOOO | OOOO | ||||||||
| CBFDeposit fund | 634 | 1,003 | |||||||
| 24. | Creditors: amounts | falling due | within one year | ||||||
| 2023 | 2022 | ||||||||
| OOOO | f000 | ||||||||
| Trade creditors | 315 | 276 | |||||||
| Pension | deficit payments creditor |
(note 34) | |||||||
| Other creditors | 3 | 2 | |||||||
| Accruals | and deferred | income | 1,216 | 127 | |||||
| 1,534 | 405 | ||||||||
| 2023 | 2022 | ||||||||
| OOOO | FOOO | ||||||||
| Deferred | income at | 1 | January | 33 | 26 | ||||
| Resources deferred | during the year | 1,116 | 33 | ||||||
| Amounts | released | from | previous | periods | (33) | (26) | |||
| 1,116 | 33 |
| Creditors: | amounts | falling | due | after | more | than | one | year | 2023 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| f,000 | f000 | |||||||||
| 49 | 101 |
| Smmr offunds |
- currentyear | |||||
|---|---|---|---|---|---|---|
| uay |
Balance at | |||||
| Designated funds General funds |
Balance at 1 January 2023 OOOO 25 5,839 |
Income FOOO 8,358 |
Expenditure OOOO (18) (9,642) |
Transfers in/out OOOO 1,017 |
Gains/ (Losses) f000 226 |
31 December 2023 f000 7 5,798 |
| Endowment funds Restricted funds |
54,882 11,263 |
579 3,461 |
(23) (3,314) |
(925) (92) |
2,439 645 |
56,952 11,963 |
| 72,009 | 12,398 | (12,997) | 3,310 | 74,720 | ||
| Summary offunds |
- prior year | Balance at | ||||
| Balance at | 31 | |||||
| Designated funds General funds Endowment funds Restdcted funds |
1 January 2022 f000 25 5,848 58,290 10,994 |
Income f000 9,280 336 3,018 |
Expenditure f000 (8,920) (191) (2,931) |
Transfers in/out FOOO (102) (756) 858 |
Gains/ (Losses) f000 (267) (2,797) (676) |
December 2022 f,000 25 5,839 54,882 11,263 |
| 75,157 | 12,634 | (12,042) | (3,740) | 72,009 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | Gains/ | December | |||
| 2023 | Income | Expenditure | in/(out) | (Losses) | 2023 | |
| f000 | f000 | OOOO | OOOO | f000 | f000 | |
| Designated funds |
||||||
| Bequests Fund | 25 | (18) | ||||
| Unrestricted funds |
||||||
| General | 5,839 | 8,358 | (9,642) | 1,017 | 226 | 5,798 |
| Restricted funds | ||||||
| Parsonages Building Fund |
2,042 | 54 | (467) | 112 | 1,741 | |
| Durham Closed Schools Fund Pastoral Fund |
588 7,052 |
61 227 |
(10) (191) |
357 544 |
34 448 |
1,030 8,080 |
| Ministry and Preordination Training Fund |
104 | 349 | (307) | 146 | ||
| Lord Crewe's Charity | 172 | 353 | (383) | 142 | ||
| Strategic Development Fund- Resourcing Churches |
29 | 615 | (617) | 27 | ||
| Restructuring Fund - Renewal 8 Reform |
63 | (58) | ||||
| Strategic Development Fund II- Communities for Hope |
663 | (664) | ||||
| Misc Restricted Fund (Misc Income for projects) |
69 | 52 | (44) | 96 | 173 | |
| Durham Capacity Fund (Restricted) |
198 | (200) | (3) | |||
| Strategic Capacity Grant fund | 53 | (53) | ||||
| Strategic Ministry Fund |
333 | (333) | ||||
| Strategic Development Fund- Transformation Growth |
297 | (297) | ||||
| Archbishops' Council - Giving Adviser |
23 | (23) | ||||
| Archbishops' Council - Net Zero |
40 | (15) | 25 | |||
| Archbishops' Council - Called to Fruiffulness |
49 | (49) | ||||
| Benefact Trust- Cultivate | ||||||
| funding | 100 | (57) | 43 | |||
| Other | 1,040 | 94 | (13) | (622) | 51 | 550 |
| 11,263 | 3,461 | (3,314) | (92) | 645 | 11,963 | |
| Endowment funds |
||||||
| Parsonages Houses Fund |
19,674 | (5) | (252) | 245 | 19,662 | |
| Stipends Capital Fund |
35,208 | 579 | (18) | (673) | 2,194 | 37,290 |
| 54,882 | 579 | (23) | (925) | 2,439 | 56,952 | |
| Total offunds | 72,009 | 12,398 | (12,997) | 3,310 | 74,720 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | 31 | |||||||
| 1 January | Transfers | Gains/ | December | |||||
| 2022 | Income | Expenditure | in/out | (Losses) | 2022 | |||
| OOOO | OOOO | OOOO | OOOO | OOOO | OOOO | |||
| Designated funds |
||||||||
| Bequests Fund | 25 | 25 | ||||||
| Unrestricted funds |
||||||||
| General Restricted funds |
5,848 | 9,280 | (8,920) | (102) | (267) | (5,839) | ||
| 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 8 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 |
208 | (145) | 63 | |||||
| Strategic Development | Fund | II | ||||||
| -Communities for Hope |
698 | (693) | ||||||
| Misc Restricted Fund |
(Muse | |||||||
| Income for project) | 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 |
| Total | ||||||
|---|---|---|---|---|---|---|
| Trust for | Unapplied | Stipend | ||||
| investment | total return | Capital fund | ||||
| 2023 | 2023 | 2023 | ||||
| f000 | OOOO | f000 | ||||
| As at 1 January 2023 | 35,208 | 35,208 | ||||
| Movements | in year | |||||
| Allocation to trust for investment | 833 | (833) | ||||
| Investment | return: dividends | and interest | 338 | 338 | ||
| Investment | return: gains on | sale of | property | 241 | 241 | |
| Investment | return: realised | and unrealised | ||||
| gains and Addition of |
(losses) capital |
96 | 2,194 | 2,194 96 |
||
| Less costs | of maintaining properties |
(18) | (18) | |||
| 929 | 1,922 | 2,851 | ||||
| Allocation from trust for investment |
(on first time application | |||||
| oftotal return policy) at 1 January 2023 |
(24,765) | 24,765 | ||||
| Unapplied | total return allocated to income | (769) | (769) | |||
| Net movement in the year |
(23,836) | 25,918 | 2,082 | |||
| As at 31 December 2023 | 11,372 | 25,918 | 37,290 |
| Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2023 | 2023 | 2023 | 2023 | |
| f000 | OOOO | OOOO | FOOO | |
| Tangible fixed assets | 1,895 | 1,627 | 32,236 | 35,758 |
| Fixed asset investments | 2,979 | 9,067 | 24,766 | 36,812 |
| Debtors due after more than one year | 142 | 131 | 273 | |
| Current assets | 1,140 | 2,320 | 3,460 | |
| Creditors due within one year | (351) | (1,182) | (1) | (1,534) |
| Creditors due in more than one year | (49) | (49) | ||
| Total | 5,805 | 11,963 | 56,952 | 74,720 |
| Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2022 | |
| f000 | f000 | f000 | FOOO | |
| 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 |
| Analysis ofsignifican | t transf |
ers | bet | ween f | unds —current y | ear | ||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||||
| funds | funds | funds | funds | |||||
| 2023 | 2023 | 2023 | 2023 | |||||
| FOOO | OOOO | OOOO | OOOO | |||||
| Transfer ofParsonage | Houses to | General | 76 | (76) | ||||
| Transfer ofParsonage | Houses to | Pastoral | ||||||
| Account | 245 | (245) | ||||||
| Release ofcash from | Parsonage | Houses to | ||||||
| Pastoral Account | 297 | (297) | ||||||
| Release of Ecomb Pars Build | Fund to | |||||||
| Parsonage Property |
(346) | 346 | ||||||
| Transfer to Parsonage | Houses Fund to | |||||||
| purchase land at St |
Peter's Vicarage | (20) | 20 | |||||
| Bank journal from Parsonage to Stipends Capital Fund |
Building | Fund | (96) | 96 | ||||
| Total Return transfer | from Stipends Capital | 769 | (769) | |||||
| Year end dividends release |
172 | (172) | ||||||
| Total | 1,017 | (92) | (925) |
| Unrestricted | Restricted | Endowment | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2022 | |||
| FOOO | OOOO | OOOO | f000 | |||
| Transfer ofParsonage Transfer from general |
Property to Pastoral funds to Stipend |
996 | (996) | |||
| Capital fund in respect ofreduction in |
||||||
| clergy pension scheme deficits payment | ||||||
| creditor | (240) | 240 | ||||
| Transfer of | balance of | Ministry and Pre | ||||
| ordination | fund To Board ofFinance CBF | |||||
| Deposit Fund Released cash from Pastoral to Stipend |
10 | (10) | ||||
| Capital Release of |
investment | shares from Stipend | (774) | 774 | ||
| Capital to | Pastoral | 774 | (774) | |||
| Total | (102) | 858 | (756) |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| f000 | f000 | ||||||
| Net income/(expenditure) Activities) |
for the | year | (as per | Statement | of Financial | 2,711 | (3,148) |
| Adjustments for: |
|||||||
| Depreciation charges |
45 | 45 | |||||
| (Gain)/loss on investments Dividends, interests and rents from Increase in debtors Increase in creditors Profit on sale offixed assets Pension revaluation Contributions to pension scheme |
investments | (3,310) (1,036) (288) 1,129 (241) |
3,740 (911) (35) 83 (336) (99) (141) |
||||
| Net cash used in operating | activities | (990) | (802) |
| 2023 | 2022 | ||
|---|---|---|---|
| OOOO | OOOO | ||
| Cash Notice Total |
in hand deposits (less than 3 months) cash and cash equivalents |
1731 634 2,365 |
2,683 1,003 3,686 |
| At 1 | At 31 | |||
|---|---|---|---|---|
| January | December | |||
| 2023 | Cash flows | 2023 | ||
| OOOO | OOOO | OOOO | ||
| Cash | at bank and in hand | 2,683 | (952) | 1,731 |
| Debt Liquid |
due after 1 year investments |
(101) 1,003 3,585 |
52 (369) (1,269) |
(49) 634 2,316 |
| At 31 De aments |
cember 2023 the c undernon-cancellable |
haritable company had commit operating leases as follows: |
ments to make future minimu |
m lease |
|---|---|---|---|---|
| py | 2023 | 2022 | ||
| OOOO | f000 | |||
| Not later than 1 year Later than 1 year and not later |
than 5years | 10 | 10 2 12 |