| TABLEOFCONTENTS | PageNumber |
| LegalObjects | 2 |
| StrategicDevelopmentReport: | 2 |
| o Strategicaimsandimplementation |
2 |
| o Objectives,activitiesandachievementsintheyear |
4 |
| o Futureplans |
6 |
| o Financialreview |
6 |
| o Principalrisksanduncertainties |
11 |
| StructureandGovernance | 12 |
| Trustees'Responsibilities | 16 |
| Administrativedetails | 17 |
| IndependentAuditors'Report | 19 |
| StatementofFinancialActivities | 22 |
| IncomeandExpenditureAccount | 23 |
| BalanceSheet | 24 |
| CashFlowStatement | 25 |
| NotestotheFinancialStatements | 26 |
| TABLE1-ACTUALvsBUDGET2023 | 2023 | 2022 | |||
| SYNOD | BUDGET | ACTUAL | VARIANCE | ACTUAL | |
| BUDGET | ADJUSTED | TO | |||
| SOFA | NoteA | ADJUSTED | |||
| FORM | BUDGET | ||||
| INCOME | £'000s | £'000s | £'000s | £'000s | £'000s |
| ParishShare | 5,500 | 5,500 | 5,025 | (475) | 5,262 |
| NationalChurchInstitutions | 2,063 | 1,387 | 1,454 | 67 | 1,240 |
| OtherDonations | 737 | 537 | 474 | (63) | 678 |
| CharitableActivities | 324 | 324 | 333 | 9 | 339 |
| OtherActivities | 319 | 319 | 321 | 2 | 436 |
| InvestmentIncome | 1,341 | 1,341 | 1,390 | 49 | 1,205 |
| OtherSourcesofIncome | 5 | 5 | - | (5) | 424 |
| TOTALINCOME | 10,289 | 9,413 | 8,997 | (416) | 9,584 |
| EXPENDITURE | |||||
| CostofRaisingFunds | (100) | (100) | (110) | (10) | (155) |
| CharitableActivities | (8,743) | (8,067) | (8,883) | (816) | (8,111) |
| Education | (440) | (440) | (404) | 36 | (386) |
| OtherExpenditure | (70) | (70) | 27 | 97 | 235 |
| SupportCosts | (1,846) | (1,846) | (2,278) | (432) | (1,734) |
| TOTALEXPENDITURE | (11,199) | (10,523) | (11,648) | (1,125) | (10,151) |
| NETOPERATINGDEFICIT | (910) | (1,110) | (2,651) | (1,541) | (567) |
| FUNDINGFROMDSF/OTHERFUNDS | |||||
| Acceleratedpropertyspend(Note8) | - | - | 641 | 641 | |
| Acceleratedministryspend(NoteC) | - | - | 109 | 109 | |
| Finance/SystemsUpgrading(NoteD) | - | - | 550 | 550 | |
| MinistryspendfrominternalFunds | 300 | 500 | 700 | 200 | |
| (NoteE) | |||||
| ADJUSTEDNETDEFICIT | (610) | (610) | (651) | (41) |
yeararesetoutinthefollo |
wingtable: | |||
|---|---|---|---|---|
| Fundsat31st December 2023 £'000s |
Proportion ofportfolio |
Income yield inyear |
TotalReturn* inyear(gross) |
|
| CBFInvestmentFund | 23,096 | 60.67% | 2.73% | 10.09% |
| CBFGlobalEquityFund | 9,613 | 25.25% | 2.48% | 17.75% |
| CBFPropertyFund | 2,267 | 5.96% | 5.31% | -1.14% |
| CBFFixedInterestFund | 655 | 1.72% | 2.14% | 7.81% |
| Otherinvestments | 2,437 | 6.40% | 5.30% | 31.51% |
| 38,068 | 100.00% | *Capitalandincome |
| President: | TheRtRevDrVFFaull,BishopofBristol* |
|---|---|
| Chairman: | CanonAJSLucas*(resigned30thJune2023) |
| CanonRBacon*(appointed1StJuly2023) | |
| ViceChairman: | CanonRBacon*(resignedtobecomeChariman1stJuly2023) |
| TheVenCPBryan*,ArchdeaconofMalmesbury | |
| TheRevBCharles* | |
| ProfessorDNClarke* | |
| MrBAFinnamore | |
| TheVeryRevAFord,DeanofBristol | |
| MrsCJefferis | |
| TheRtRevDrLSRayfield,BishopofSwindon(retiredon30thApril2023) | |
| MrsARowe | |
| MrsAScott(retired18thMarch2023) | |
| TheRevDStephenson | |
| MrJSunderland | |
| TheRtRevNMWarwick*,BishopofSwindon(priorArchdeaconofBristol) | |
| TheRevTAWigley | |
| TheRevKASmith | |
| TheRevRAWaring(from1stDecember2023) |
| Seniormanagementandadvisers | Seniormanagementandadvisers | |
|---|---|---|
| DiocesanSecretaryandCompanySecretary | RearAdmiralRichardLeamanCBOBE | |
| DeputyDiocesanSecretaryand | ||
| DirectorofPeople&Safeguarding | MrsCarolineJowett-Ive(Resigned8thApril2024) | |
| DeputyDiocesanSecretaryand | ||
| DirectorofProperty | MrsLindseyMcCullamMCIOBMScDipSury | |
| AIHBC(AppointedDirectorofProperty6th | ||
| September2022,appointedDeputyDiocesan | ||
| Secretary15thApril2024) | ||
| DirectorofFinanceandTechnology | MrJeffLooFCMA(Interim29thJune2022, | |
| appointed4thApril2023,resigned31December | ||
| 2023) | ||
| DirectorofFinance | MrStephenSheridanAKCFCA(Appointed1 | |
| January2024) | ||
| DirectorofMissionandMinistrySupport | TheRevDrSimonTaylor | |
| DiocesanDirectorofEducation | CanonMsLizTownend | |
| DirectorofExternalRelations | MrHarrisonLeonard | |
| RegisteredOffice | 1500ParkwayNorth,StokeGifford,Bristol,BS348YU. | |
| Auditors | MazarsLLP | |
| 90VictoriaStreet | ||
| Bristol,BS16DP. | ||
| Solicitors | StoneKingLLP | |
| BoundaryHouse91CharterhouseStreet,LondonEC1M6HR | ||
| Bankers | NationalWestminsterBankplc | |
| 40Queen'sRoad, | Clifton,Bristol,BS81BF. | |
| Insurers | EcclesiasticalInsuranceGroup | |
| BeaufortHouse,BrunswickRoad,Gloucester,GL11JZ. | ||
| InvestmentAdvisers | CCLAInvestmentManagementLimited | |
| SenatorHouse,85QueenVictoriaStreet, | ||
| London,EC4V4ET. | ||
| EvelynPartners | ||
| 4thFloor,Portwall | Place,PortwallLane,Bristol,BS16NA |
for and on behalf of Forvis Mazars LLP Chartered Accountants and Statutory Auditor 90 Victoria Street Bristol, BS1 6DP
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||
| Note | Undesignated | Designated | Funds | Funds | Funds | Funds | |
| Funds | Funds | ||||||
| £,000 | £,000 | £,000 | £,000 | .£,000 | E,000 | ||
| Incomeandendowments | |||||||
| from | |||||||
| Donations | 3 | ||||||
| ParishShare contributions |
5,025 | 5,025 | 5,262 | ||||
| National Church Institutions(NCIs) |
787 | 667 | 1,454 | 1,240 | |||
| Otherdonations | 355 | 119 | 474 | 678 | |||
| Charitableactivities | 4 | 333 | 333 | 339 | |||
| Otheractivities | 5 | 321 | 321 | 436 | |||
| Investments | 6 | 404 | 234 | 752 | 1,390 | 1,205 | |
| Gain/(Loss)onassetsale | 7 | 424 | |||||
| Totalincome | 7,225 | 234 | 1,538 | 8,997 | 9,584 | ||
| Expenditureon | |||||||
| Raisingfunds | 8 | 84 | 1 | 25 | - | 110 | 155 |
| Charitableactivities | 9 | 9,162 | 712 | 1,051 | 641 | 11,566 | 10,231 |
| Otherexpenditure& adjustments |
10 | (60) | 17 | 15 | (28) | (235) | |
| Totalexpenditure | 9,186 | 730 | 1,091 | 641 | 11,648 | 10,151 | |
| Netincome/(expenditure)before | |||||||
| othergains | (1,961) | (496) | 447 | (641) | (2,651) | (567) | |
| Allocationofnetproceedsto parish |
10 | (1,819) | (1,819) | ||||
| Netgains/(losses)on investments |
104 | 785 | 560 | 4,209 | 5,658 | (3,990) | |
| Netincome | (1,857) | 289 | 1,007 | 1,749 | 1,188 | (4,557) | |
| Transfersbetweenfunds | 15 | 539 | (166) | (577) | 204 | ||
| Actuarialgains/(Losses)on | (44) | - | (44) | 161 | |||
| pensionschemes | |||||||
| Netmovementinfunds | (1,362) | 123 | 430 | 1,953 | 1,144 | (4,396) | |
| Fundsbroughtforward | 9,332 | 11,817 | 9,824 | 42,321 | 73,294 | 77,690 | |
| Fundscarriedforward | 27 | 7,970 | 11,940 | 10,254 | 44,274 | 74,438 | 73,294 |
| 2023 | 2022 | |
|---|---|---|
| £,000 | £,000 | |
| Totalincome | 8,997 | 9,584 |
| Totalexpenditure | (11,648) | (10,151) |
| Operatingsurplusfortheyear | (2,651) | (567) |
| Allocationofnetproceedstoparish | (1,819) | |
| NetgainsI(losses)oninvestments | 5,658 | (3,990) |
| Netincomefortheyear | 1,188 | (4,557) |
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| £,000 | £,000 | £,000 | £,000 | ||
| FIXEDASSETS | |||||
| Tangibleassets | 16-18 | 34,118 | 34,007 | ||
| Investments | 19 | 40,846 | 40,191 | ||
| 74,964 | 74,198 | ||||
| CURRENTASSETS | |||||
| Debtors | 20-21 | 1,952 | 1,328 | ||
| Cashondeposit | 22 | 3,400 | 3,439 | ||
| Cashatbankandinhand | 22 | 1,267 | 416 | ||
| 6,619 | 5,183 | ||||
| CREDITORS:amountsfallingduewithin oneyear |
23 | (3,358) | (1,545) | ||
| NETCURRENTASSETS | 3,261 | 3,638 | |||
| TOTALASSETSLESSCURRENT LIABILITIES |
78,225 | 77,836 | |||
| CREDITORS:amountsfallingdueafter morethanoneyear |
24 | (3,787) | (4,542) | ||
| NETASSETS | 28 | 74,438 | 73,294 | ||
| FUNDS | 27 | ||||
| Endowmentfunds | 11,970 | 12,421 | |||
| Endowmentfundsrevaluationreserve | 32,304 | 29,900 | |||
| 44,274 | 42,321 | ||||
| Restrictedfunds | 6,691 | 6,818 | |||
| Restrictedfundsrevaluationreserve | 3,563 | 3,006 | |||
| 10,254 | 9,824 | ||||
| Unrestrictedfunds | 14,960 | 14,225 | |||
| Revaluationreserve | 4,950 | 6,940 | |||
| Unrestrictedfundsexcludingpensionliability | 19,910 | 21,165 | |||
| Pensionreserve | (16) | ||||
| 19,910 | 21,149 | ||||
| TOTALFUNDS | 74,438 | 73,294 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| £,000 | £,000 | £,000 | £,000 | |
| Netcashinflow/(outflow)fromoperatingactivities | (4,447) | (792) | ||
| Cashflowsfrominvestingactivities | ||||
| Dividends,interestandrentfrominvestments | 1,390 | 1,205 | ||
| Proceedsfromthesaleof: | ||||
| Tangiblefixedassets | 1,853 | 542 | ||
| Fixedassetinvestments | 3,764 | 176 | ||
| Purchaseof: | ||||
| TangiblefixedassetsfortheuseoftheDBF | (635) | (270) | ||
| Fixedassetinvestments | (147) | (173) | ||
| Transferofassets(fromBMHT) | ||||
| NetcashprovidedbyI(usedin)investingactivities | 6,225 | 1,480 | ||
| Cashflowsfromfinancingactivities | ||||
| LoansrepaidbytheDBF | (966) | (449) | ||
| NewloansreceivedbytheDBF | 0 | |||
| NetcashprovidedbyI(usedin)financingactivities | (966) | (449) | ||
| Changeincashandcashequivalentsintheperiod | 812 | 239 | ||
| Cashandcashequivalentsat1stJanuary | 3,855 | 3,616 | ||
| Cashandcashequivalentsat31stDecember | 4,667 | 3,855 | ||
| Reconciliationofnetmovementsinfundsto | ||||
| netcashflowfromoperatingactivities | ||||
| Netmovementinfundsfortheyearended31stDecember | (4,470) | (567) | ||
| (netexpenditureandallocationofnetproceedstoparish) | ||||
| Adjustmentsfor: | ||||
| Depreciationcharges | 28 | 42 | ||
| Dividends,interestandrentfrominvestments | (1,390) | (1,205) | ||
| (Profit)onsaleoffunctionalassets | (424) | |||
| (Profit)onsaleoffixedassetinvestments | (15) | (38) | ||
| (Increase)/decreaseindebtors | (624) | (60) | ||
| (Decrease)/increaseincreditors(excl.loans) | 2,024 | 1,460 | ||
| NetcashprovidedbyI(usedin)operatingactivities | (4,447) | (792) | ||
| Analysisofcashandcashequivalents | ||||
| Cashinhand | 1,267 | 416 | ||
| Noticedeposits(lessthan3months) | 3,400 | 3,439 | ||
| 4,667 | 3,855 |
assetsovertheircurrentlyexpe |
ctedusefuleconomiclivesatthefollow |
inginitialrates: |
|---|---|---|
| Fixturesandfittings | 10%-33%perannum | straight-linebasis |
| ITequipment | 33%perannum | straight-linebasis |
| 2023 | 2022 | |
|---|---|---|
| Thenetincomefortheyearisstatedaftercharging: | £,000 | £,000 |
| Auditors'remuneration(currentyearwork) | 30 | 22 |
| Auditors'non-auditremuneration | ||
| Depreciation | 28 | 42 |
| Operatingleasecharges—plantandequipment | 129 | 111 |
| Interestpayableonloanswhollyrepayable:withinoneyear | 56 | 14 |
| Interestpayableonloanswhollyrepayable:betweenoneandfiveyears | ||
| Interestpayableonloanswhollyrepayable:aftermorethanfiveyears | 15 | 14 |
| UnrestrictedFunds | UnrestrictedFunds | Restricted | Endowment | Totalfunds | Totalfunds | |
|---|---|---|---|---|---|---|
| General | Designated | Funds | Funds | 2023 | 2022 | |
| £,000 | £,000 | £,000 | £,000 | £,000 | £,000 | |
| Pledgesreceivedfromparishes | 4,985 | 4,985 | 5,190 | |||
| Shortfallincontributions | (58) | |||||
| 4,985 | 4,985 | 5,132 | ||||
| Extracontributions | 33 | 33 | 54 | |||
| 5,018 | 5,018 | 5,186 | ||||
| Receiptsforpreviousyears | 7 | 7 | 76 | |||
| 5,025 | 5,025 | 5,262 | ||||
| NationalChurchInstitutions(NCIs) | ||||||
| UnrestrictedFunds | Restricted | Endowment | Totalfunds | Totalfunds | ||
| General | Designated | Funds | Funds | 2023 | 2022 | |
| £,000 | £,000 | £,000 | £,000 | £,000 | £,000 | |
| LowerIncomeCommunitiesFunding | 450 | - | 450 | 450 | ||
| InnovationFunding | - | 84 | 84 | - | ||
| StrategicDevelopmentFunding | - | - | 253 | 253 | 650 | |
| StrategicCapacityFunding | - | 293 | - | 293 | ||
| StrategicMinistryFunding | 337 | - | - | 337 | 139 | |
| Newhousingareas | 30 | 30 | ||||
| CEMES | 7 | 7 | ||||
| ChurchCommissionersannuities | - | - | 1 | |||
| 787 | 667 | 1,454 | 1,240 | |||
| Otherdonations |
| herdonations | ||||||
|---|---|---|---|---|---|---|
| UnrestrictedFunds | Restricted | Endowment | Totalfunds | Totalfunds | ||
| General | Designated | Funds | Funds | 2023 | 2022 | |
| £,000 | £,000 | £,000 | £,000 | £,000 | £,000 | |
| TempleEcclesiasticalCharity | 173 | 173 | 178 | |||
| AllChurchesTrust | 129 | |||||
| BenefactTrustGrant | 113 | 113 | ||||
| BristolArchdeaconryCharity | 45 | 45 | 60 | |||
| TheFoundationofStMatthias | 55 | 55 | 28 | |||
| Marshall'sCharity | 5 | 5 | 6 | |||
| Otherdonations | 25 | 25 | 20 | |||
| Forstrategicinitiatives | 9 | |||||
| Forparochialministry | 38 | 38 | 70 | |||
| Foreducationwork Forgeneralpurposes |
(8) 19 |
6 | (2) 19 |
71 109 |
||
| Towardsredundantchurches | 3 | 3 | (2) | |||
| 355 | 119 | 474 | 678 |
| CHARITABLEACTIVITIES | ||||||
|---|---|---|---|---|---|---|
| UnrestrictedFunds | Restricted | Endowment | Totalfunds | Totalfunds | ||
| General | Designated | Funds | Funds | 2023 | 2022 | |
| £,000 | £,000 | £,000 | £,000 | £,000 | £,000 | |
| Statutoryfees | 278 | 278 | 258 | |||
| SACREandSIAMS | 34 | 34 | 55 | |||
| Schoolswork | 7 | 7 | 10 | |||
| Ministrycourses | 14 | 14 | 16 | |||
| 333 | 333 | 339 |
| OTHERACTIVITIES | ||||||
|---|---|---|---|---|---|---|
| UnrestrictedFunds | Restricted | Endowment | Totalfunds | Totalfunds | ||
| General | Designated | Funds | Funds | 2023 | 2022 | |
| £,000 | £,000 | £,000 | £,000 | £,000 | £,000 | |
| Propertyrental | 292 | 292 | 411 | |||
| Staffsecondedtoothercharities | 29 | 29 | 20 | |||
| Propertyservicestoschools | 5 | |||||
| 321 | 321 | 436 | ||||
| NVESTMENTINCOME | ||||||
| UnrestrictedFunds | Restricted | Endowment | Totalfunds | Totalfunds | ||
| General | Designated | Funds | Funds | 2023 | 2022 | |
| £,000 | £,000 | £,000 | £,000 | £,000 | £,000 | |
| Dividendsandinterestreceivable | 404 | 206 | 752 | 1,362 | 1,177 | |
| Rentsreceivable | 28 | 28 | 28 | |||
| 404 | 234 | 752 | 1,390 | 1,205 |
| GAINSONSALEOFASSETS | ||||||
|---|---|---|---|---|---|---|
| UnrestrictedFunds | Restricted | Endowment | Totalfunds | Totalfunds | ||
| General | Designated | Funds | Funds | 2023 | 2022 | |
| £,000 | £,000 | £,000 | £,000 | £,000 | £,000 | |
| Gains/(Losses)onsaleofassets | 424 | |||||
| 424 | ||||||
| UNDRAISINGCOSTS | ||||||
| UnrestrictedFunds | Restricted | Endowment | Totalfunds | Totalfunds | ||
| General | Designated | Funds | Funds | 2023 | 2022 | |
| £,000 | £,000 | £,000 | £,000 | £,000 | £,000 | |
| Parsonagerentalcosts | 65 | 65 | 110 | |||
| Glebeagent'sfee | 15 | 15 | 14 | |||
| Otherglebecosts | 10 | 10 | 3 | |||
| Otherrentalcosts | 1 | 1 | 15 | |||
| Commercialpropertycosts | 19 | 19 | 13 | |||
| 84 | 1 | 25. | 110 | 155 |
| CHARITABLEACTIVITIES | ||||||
|---|---|---|---|---|---|---|
| UnrestrictedFunds | Restricted | Endowment | Totalfunds | Totalfunds | ||
| General | Designated | Funds | Funds | 2023 | 2022 | |
| £,000 | £,000 | £,000 | £,000 | £,000 | £,000 | |
| ContributionstoArchbishops' | ||||||
| Council | ||||||
| TrainingforMinistry | 225 | 225 | 225 | |||
| NationalChurchResponsibilities | 251 | 251 | 139 | |||
| Grantsandprovisions | 19 | |||||
| Supportofmissionagencypensions | 9 | |||||
| CHARM | 85 | |||||
| Poolingofordinandsmaintenance | 26 | 26 | (62) | |||
| 502 | 502 | 415 | ||||
| ResourcingMinistryandMission | ||||||
| ParishMinistry | ||||||
| Stipends,NIandpensions | 2,874 | 71 | 2,945 | 2,825 | ||
| Housingcosts | 1,357 | 641 | 1,998 | 1,959 | ||
| Curatestipends,NIandpensions | 857 | 857 | 792 | |||
| MissionArea&Resourcingchurches | 22 | 324 | 346 | 604 | ||
| TransformationincludingTC.T | 95 | 542 | 352 | 989 | 255 | |
| Otherparochialcosts | 164 | 30 | 30 | 224 | 183 | |
| Removal,resettlementandgrants | 236 | 56 | 292 | 288 | ||
| Chaplaincy | 125 | 125 | 113 | |||
| Ecumenicalsupport | 8 | 8 | 58 | |||
| Deanery | 40 | 40 | 28 | |||
| Supportforparishministry&mission | 2,597 | 129 | 26 | 2,752 | 2,325 | |
| Innovationproject | 11 | 73 | 84 | |||
| 8,375 | 712 | 932 | 641 | 10,660 | 9,430 | |
| ExpenditureonEducation | ||||||
| Supportforchurchschools | 285 | 119 | 404 | 386 | ||
| 285 | 119 | 404 | 386 | |||
| 9,162 | 712 | 1,051 | 641 | 11,566 | 10,231 |
| herExpenditureconsistedof: | ||||||
|---|---|---|---|---|---|---|
| UnrestrictedFunds | Restricted | Endowment | Totalfunds | Totalfunds | ||
| General | Designated | Funds | Funds | 2023 | 2022 | |
| £,000 | £,000 | £,000 | £,000 | £,000 | £,000 | |
| Closedchurches | 17 | 17 | 18 | |||
| Othercosts | 15 | 15 | 13 | |||
| Pensionschemeadjustments: | ||||||
| Contributionspaid(BDBFStaffRBS) | (85) | (85) | (85) | |||
| Interestcost(BDBFStaffRBS) | 25 | 25 | 28 | |||
| Contributionspaid(Clergy scheme) Remeasurement(Clergyscheme) |
(120) (89) |
|||||
| Interestcost(Clergyscheme) | ||||||
| (60) | 17 | 15 | (28) | (235) |
| Activities | Grant | |||
|---|---|---|---|---|
| Undertaken | Fundingof | Support | TotalCosts | |
| Directly | Activities | Costs | 2023 | |
| £,000 | £,000 | £,000 | £,000 | |
| Fundraisingcosts | 110 | - | 110 | |
| Charitableactivities | - | - | - | |
| Archbishops'Council | - | 503 | _ | 503 |
| MinistryandMission | 8,105 | 275 | 2,275 | 10,655 |
| Education | 404 | 4 | 408 | |
| Other | (28) | (28) | ||
| 8,591 | 778 | 2,279 | 11,648 |
| UnrestrictedFunds | UnrestrictedFunds | Restricted |
Restricted |
Endowment |
Totalfunds |
Totalfunds | |
|---|---|---|---|---|---|---|---|
| General | Designated | Funds | Funds | 2023 | 2022 | ||
| £,000 | £,000 | £,000 | £,000 | £,000 | £,000 | ||
| DiocesanOfficefunctions | 799 | 129 | 928 | 591 | |||
| Supportforparishministry | 473 | 473 | 592 | ||||
| FinanceandInformationServices | 549 | 549 | 476 | ||||
| Advisoryservices | 85 | 85 | 184 | ||||
| Safeguarding | 150 | 8 | 158 | 142 | |||
| Communications | 176 | 176 | 80 | ||||
| HRfunction | 124 | 18 | 142 | 66 | |||
| ParishandExternalRelations | 49 | 49 | 42 | ||||
| RegistrarandChancellor | 62 | 62 | 79 | ||||
| Archdeacon'sOffice | 34 | 34 | 30 | ||||
| DAC | 2 | 2 | 2 | ||||
| Governanceandsynodicalcosts | 18 | 18 | 8 | ||||
| Centralauditfees | 52 | 52 | 22 | ||||
| Otherprofessionalservices | 24 | 24 | 11 | ||||
| 2,597 | 129 | 26 | 2,752 | 2,325 | |||
| 13.ANALYSISOFGRANTSMADE | |||||||
| 2023 | 2022 | ||||||
| Individuals | Institutions |
Total | Total | ||||
| £,000 | £,000 | £,000 | £,000 | ||||
| Fromunrestrictedfundsfornational | |||||||
| churchresponsibilities: | |||||||
| TrainingforMinistry(Vote1) | 225 | 225 | 225 | ||||
| Apportionment(Votes2-5) | 251 | 251 | 251 | ||||
| Pooling | 26 | 26 | (62) | ||||
| Fromunrestrictedfundsforvarious | |||||||
| purposeswithinparishministry | |||||||
| PCCsforlayappointments | 37 | 37 | 36 | ||||
| Clergy(newappointments) | 24 | 24 | 15 | ||||
| Clergy(resettlement) | 35 | 35 | 31 | ||||
| Curates(onordination) | 23 | 23 | 23 | ||||
| Curates(resettlement) | 26 | 26 | 26 | ||||
| Ordinands(familymaintenance) | 64 | 64 | 75 | ||||
| Fromunrestrictedfunds: | |||||||
| Ecumenicalbodies | 8 | 8 | 3 | ||||
| UniversityChaplaincy | 3 | 3 | 3 | ||||
| Fromrestrictedfundsforvarious | |||||||
| purposeswithinparishministry | |||||||
| Clergysupport(Clergy Society) | 55 | 55 | 90 | ||||
| Fromrestrictedfundsforeducational | |||||||
| purposes | |||||||
| EducationalFoundationsgrantsto | (20) | (20) | 79 | ||||
| schools | |||||||
| 172 | 585 | 757 | 795 |
| 2023 | 2022 | |
|---|---|---|
| £,000 | £,000 | |
| Employee costsduringtheyearwereasfollows: | ||
| Wagesandsalaries | 2,100 | 1,578 |
| NationalInsurancecontributions | 202 | 158 |
| Pensioncosts | 154 | 187 |
| 2,456 | 1,923 | |
| 2023 | 2022 | |
| Theaveragenumberofpersonsemployedbythegroupduringtheyear: | ||
| DiocesanSecretaryandGovernanceOffice | 6 | 6 |
| People&Safeguardingmerged | 10 | 8 |
| Safeguardingonly | 4 | 1 |
| Education | 8 | 5 |
| Finance | 6 | 5 |
| Property(andgovernancein2021) | 8 | 7 |
| MinistryDevelopment | 9 | 8 |
| Parish&ExternalRelations | 3 | 4 |
| Archdeacon'sOffice | 1 | 2 |
| Parochiallaystaff | 1 | 1 |
| Parochialclergy(notpaidthroughClergyPayroll) | 3 | |
| Chaplaincy | 4 | 2 |
| MissionAreas | 1 | 1 |
| StrategicprogrammeincludingTC.T | 4 | 3 |
| Communications | 2 | 2 |
| 67 | 58 | |
| 2023 | 2022 | |
| Theaveragenumberofpersonsemployedbythegroupduringtheyearbasedon | ||
| full-timeequivalents: | ||
| DiocesanSecretary'sOffice | 4.7 | 4.7 |
| PeopleandSafeguardingmerged | 7.2 | 5 |
| Safeguardingonly | 2.9 | 0.9 |
| Education | 5.4 | 3.9 |
| Finance | 5.3 | 5 |
| GovernanceandProperty | 7.3 | 5.4 |
| MinistryDevelopment | 8.1 | 6.7 |
| Parish&ExternalRelations | 2.2 | 3.7 |
| Archdeacon'sOffice | 1 | 2.1 |
| Parochiallaystaff | 0.7 | 0.7 |
| Parochialclergy(notpaidthroughClergyPayroll) | 1.1 | |
| Chaplaincy | 4 | 2.1 |
| MissionAreas | 0.6 | 1 |
| StrategicprogrammeincludingTC.T | 4.1 | 0.6 |
| Communications | 1.6 | 2.0 |
| 55.1 | 44.9 | |
| 2023 | 2022 | |
| Thenumberofstaffwhoseemoluments(includingbenefitsinkindbutexcluding | ||
| Pensioncontributions)amountedtomorethan£60,000wereasfollows: | ||
| £80,001-£90,000 | 1 | |
| £70,001-£80,000 | 1 | |
| £60,001-£70,000 | 3 | 2 |
| 5 | 2 |
| efollowingtablegivesdetailsoftheDirectorswhowereinreceiptofa year: |
stipendand/orhousingprovided | bytheDBFd |
|---|---|---|
| Stipend& | Housing | |
| pension | ||
| TheVenCPBryan | Yes | Yes |
| TheRtRevDrLSRayfield(retired30thApril2023) | No | Yes |
| TheRtRevNMWarwick | Yes | Yes |
| TheRevTAWigley | Yes | Yes |
| TheRevKESmith | Yes | Yes |
| TheRevDJStephenson | Yes | Yes |
| TheRevRAWaring(form1st December2023) | Yes | Yes |
| TheRevBCharles | Yes | Yes |
dersholdingparochialordiocesanappointmentsinthedioces |
e,andthecostswereasfollows: |
|
|---|---|---|
| 2023 | 2022 | |
| £,000 | £,000 | |
| Stipends | 3,126 | 2,993 |
| NationalInsurancecontributions | 260 | 256 |
| ApprenticeshipLevy | 14 | 14 |
| Pensioncosts—currentyear | 797 | 741 |
| Pensioncosts—deficitreduction | 315 | |
| 4,197 | 4,319 |
| .ANALYSISOFTRANSFERSBETWEENFUNDS | ||||
|---|---|---|---|---|
| UnrestrictedFunds | Restricted | Endowment | ||
| General | Designated | Funds | Funds | |
| £,000 | £,000 | £,000 | £,000 | |
| MissionAreaandResourceActivityfundedfromthe | 413 | (413) | ||
| GeneralFund | ||||
| Clarificationof2022FundTransfers | (226) | (136) | 130. | 232 |
| Transfersrelatingtodisposalofinvestmentproperty | 28 | (28) | ||
| MissionFundactivityfundedfromtheGeneralFund | 30 | (30) | ||
| UseofDiocesanStipendsFundtopayforStipends | 294 | (294) | ||
| 539 | (166) | (577) | 204 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Endowmentfunds | £,000 | £,000 | £,000 | £,000 |
| Beneficehouses | ||||
| Asat151January | 18,293 | 18,293 | ||
| Additions | 600 | |||
| Lessdisposals | (477) | |||
| Asat3151December | 18,416 | 18,293 | ||
| Glebeproperties | ||||
| Asat1stJanuary | 3,207 | 3,207 | ||
| Additions | 40 | |||
| Lessdisposals | ||||
| Asat31st December | 3,247 | 3,207 | ||
| Totalpropertiesheldforpermanentfunds | 21,663 | 21,500 | ||
| Restrictedfunds | ||||
| Otherproperties | ||||
| Asat151Januaryand31stDecember | 128 | 128 | ||
| Totalpropertiesheldforrestrictedfunds | 128 | 128 | ||
| Unrestrictedfunds | ||||
| Otherproperties | ||||
| Asat1stJanuary | 7,761 | 7,866 | ||
| Additions | ||||
| Transferfromendowmentfund | ||||
| Lessdisposals | (105) | |||
| Asat31stDecember | 7,761 | 7,761 | ||
| Resourcingchurches | ||||
| Asat1stJanuary | 4,580 | 4,342 | ||
| Additions | 35 | 238 | ||
| LessdisposalsandVATrefund | (59) | |||
| Asat31stDecember | 4,556 | 4,580 | ||
| Totalpropertiesheldforunrestrictedfunds | 12,317 | 12,341 | ||
| Totallandandbuildings | 34,108 | 33,969 |
| 17.TANGIBLEFIXEDASSETS-REFURBISHMENTCOSTS | ||
|---|---|---|
| 2023 | 2022 | |
| £,000 | £,000 | |
| Costasat15tJanuary | 142 | 142 |
| Costasat31st December | 142 | 142 |
| Provisionfordepreciationasat15tJanuary | 142 | 128 |
| Depreciationchargesinyear | 14 | |
| Provisionfordepreciationasat31st December | 142 | 142 |
| Netbookvalueasat3151December |
| 18.TANGIBLEFIXEDASSETS—OFFICEEQUIPMENT | ||
|---|---|---|
| 2023 | 2022 | |
| £,000 | E,000 | |
| Costasat15tJanuary | 242 | 209 |
| Additionsintheyear | 33 | |
| Lessdisposals | ||
| Costasat31st December | 242 | 242 |
| Provisionfordepreciationasat15t January | 204 | 176 |
| Depreciationchargesinyear | 28 | 28 |
| Lessdisposals | ||
| Provisionfordepreciationasat31StDecember | 232 | 204 |
| Netbookvalueasat31stDecember | 10 | 38 |
| 19.FIXEDASSETINVESTMENTS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £,000 | £,000 | |||
| Valuation | ||||
| ListedInvestments | ||||
| AtlstJanuary | 35,526 | 40,452 | ||
| Additionsintheyear | 146 | 172 | ||
| Disposalsintheyear Unrealisedinvestment(losses)/gains |
(659) 3,055 |
(136) (4,962) |
||
| At31stDecember | 38,068 | 35,526 | ||
| InvestmentProperties | ||||
| At1stJanuary Additionsintheyear |
4,665 | 3,671 | ||
| Disposalsintheyear | (2,398) | |||
| Unrealisedinvestmentgains/(losses) | 511 | 994 | ||
| At315t December | 2,778 | 4,665 | ||
| TotalFixedAssetInvestments | 40,846 | 40,191 | ||
| ListedInvestmentscomprise: | ||||
| 2023 | 2022 | |||
| £,000 | £,000 | £,000 | £,000 | |
| Endowmentfunds | ||||
| CBFInvestmentFundshares | 4,357 | 16,744 | ||
| CBFPropertyFundshares | 1,951 | 1,048 | ||
| CBFFixedInterestFund | 1,922 | |||
| 6,308 | 19,714 | |||
| Restrictedfunds | ||||
| CBFInvestmentFundshares | 14,914 | 3,018 | ||
| CBFGlobalEquityFundshares | 8,409 | 2,661 | ||
| CBFFixedInterestFund | 655 | 625 | ||
| CBFPropertyFund | 316 | |||
| Managedportfolio | 2,437 | 2,560 | ||
| Rentcharge | ||||
| 26,731 | 8,864 | |||
| Unrestrictedfunds | ||||
| CBFInvestmentFundshares | 3,825 | 2,353 | ||
| CBFGlobalEquityFundshares | 1,204 | 4,595 | ||
| CBFPropertyFundshares | ||||
| 5,029 | 6,948 | |||
| Totalinvestments | 38,068 | 35,526 |
| 2023 | 2022 | ||
|---|---|---|---|
| £,000 | £;000 | ||
| Glebe | AgriculturalLand | 2,741 | 2,243 |
| Non-agriculturalLand | 37 | 37 | |
| Property | 410 | ||
| OtherProperty | 1,975 | ||
| 2,778 | 4,665 |
| 20.DEBTORS-LOANS | ||||
|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | |
| Duein | Dueafter | Duein | Dueafter | |
| oneyear | oneyear | oneyear | oneyear | |
| £,000 | £,000 | £,000 | £,000 | |
| Parishbuildingsloans | 1 | 1 | 1 | 3 |
| PCCStJohnwStAndrewPark | - | 14 | - | 14 |
| PCCStMichael,StokeGifford | 115 | - | 241 | |
| PCCRedland | 38 | 100 | ||
| PCCCastleCombe | ||||
| PCCDownend | 55 | |||
| PCCStPaulChippenham | 10 | 75 | 95 | |
| PCCBrislingtonStCuthbert | 20 | |||
| PCCWanborough | 45 | |||
| Otherloans(incl.cycletoworkschemes) | 3 | |||
| 184 | 135 | 1 | 511 | |
| TotalloansmadebytheDBF | 319 | 512 | ||
| 21.DEBTORS—OTHER | ||||
| 2023 | 2022 | |||
| £,000 | L',000 | |||
| Allduewithinoneyear | ||||
| Tradedebtors | 517 | 65 | ||
| Prepayments | 170 | 102 | ||
| Debtorsforparishshare | 37 | |||
| Otherdebtors | 946 | 612 | ||
| Totaldebtors | 1,633 | 816 | ||
| 22.CASHATBANKANDONDEPOSIT | ||||
| 2023 | 2022 | |||
| E,000 | £,000 | |||
| Cashonhandandatbank | 344 | 416 | ||
| CentralBoardofFinanceDepositFunds | 366 | 419 | ||
| Fundsheldbyinvestmentmanagersondeposit | 40 | 53 | ||
| DiocesanPastoralAccountheldbytheChurchCommissionersondeposit | 5 | 5 | ||
| DepositFundsheldforparish—seeNotes10and23 | 1,819 | |||
| EducationalFoundationsdepositandcurrentaccounts | 1,931 | 2,781 | ||
| BristolDiocesanClergyCharitiesdeposit | 142 | 161 | ||
| FreshExpressionsdeposit | 20 | 20 | ||
| Totalcashatbankandondeposit | 4,667 | 3,855 | ||
| 23.CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR | ||||
| 2023 | 2022 | |||
| £,000 | £,000 | |||
| Tradecreditors | 208 | 348 | ||
| Taxationandsocialsecurity | 56 | 25 | ||
| ClergyStipendsAccount | ||||
| Bankloans | 814 | 392 | ||
| RealisedcapitalowedtoParish(buildingdisposal)—seeNotes10and22 | 1,819 | |||
| Othercreditors | 460 | 764 | ||
| EducationFoundation | 1 | |||
| Pensionschemeliabilities | ||||
| Clergypensionscheme | ||||
| Historiclaydefinedbenefitscheme | 16 | |||
| Totalcreditorsfallingduewithinoneyear | 3,358 | 1,545 |
| 24.CREDITORS:AMOUNTSFALLINGDUEAFTERONEYEAR | ||
|---|---|---|
| 2023 | 2022 | |
| £,000 | £,000 | |
| Othercreditors | 46 | 45 |
| EducationFoundation | 3,248 | 2,616 |
| Loanrepaymentsdueafteroneyear | ||
| DiocesanLoanScheme | 145 | 336 |
| Valuelinkedloans | 348 | 348 |
| Bankloans | 1,197 | |
| Otherloans | ||
| Pensionschemeliabilities | ||
| Clergypensionscheme | ||
| Historiclaydefinedbenefitscheme | ||
| Totalcreditorsfallingdueafteroneyear | 3,787 | 4,542 |
| At1stJanuary 2023 |
Cashflows | Othernon- cash changes |
At31stDecember 2023 |
|
|---|---|---|---|---|
| £,000 | £,000 | £,000 | £,000 | |
| Cashandcashequivalents | ||||
| Cashondeposit | 3,439 | (39) | 3,400 | |
| Cashatbankandinhand | 416 | 851 | 1,267 | |
| 3,855 | 812 | 4,667 | ||
| Borrowings | ||||
| Debtduewithinoneyear | (392) | (422) | (814) | |
| Debtdueafteroneyear | (1,881) | 1,388 | (493) | |
| (2,273) | 966 | (1,307) | ||
| Total | 1,582 | 1,778 | 3,360 |
| 26.FINANCIALINSTRUMENTS | ||
|---|---|---|
| 2023 | 2022 | |
| £,000 | £,000 | |
| Financialassetsmeasuredatamortisedcostcompriseof: | ||
| Cashatbankandondeposit | 4,667 | 3,855 |
| Tradedebtors | 517 | 65 |
| Prepayments | 170 | 102 |
| DebtorforParishShare | 37 | |
| Otherdebtors | 946 | 612 |
| Loans | 319 | 512 |
| 6,619 | 5,183 | |
| Financialliabilitiesmeasuredatamortisedcostcompriseof: | ||
| Tradecreditors | 208 | 348 |
| Taxationandsocialsecurity | 56 | 25 |
| ClergyStipendsAccount | ||
| Othercreditors | 5,574 | 3,425 |
| Loans | 1,307 | 2,273 |
| Pensionschemeliabilities | 16 | |
| 7,145 | 6,087 | |
| Financialassetsmeasuredatfairvaluecompriseof: | ||
| Listedinvestments(seeNote19) | 38,068 | 35,526 |
| 38,068 | 35,526 |
| 27.SUMMARYOFFUNDMOVEMENTS | Balanceat 1stJanuary |
Income | Expenditure | Gainsand Losses |
Transfers | Balanceat 315fDecember |
|---|---|---|---|---|---|---|
| £,000 | £,000 | £,000 |
£,000 | £,000 | £,000 | |
| ENDOWMENTFUNDS | ||||||
| DiocesanStipendsFundCapital | 15,818 | (641) | 2,404 | 128 | 17,709 | |
| ParsonageBuildingFund | 20,547 | - | 1,543 | 119 | 22,209 | |
| ClergyPensionsTrust | 24 | - | 2 | 26 | ||
| DiocesanMissionTrust | 277 | - | - |
26 | 303 | |
| DiocesanEducationCommitteeTrust | 19 | 2 | 21 | |||
| DiocesanOfficesendowment | 315 | 30 | 345 | |||
| ParsonagesFund | 281 | - | 27 | 308 | ||
| 17OakfieldRoad,Clifton(capitaltoparish) SchoolsMaintenanceFundcapital |
1,975 414 |
(1,819) | (113) 39 |
(43) | - 453 |
|
| Younghusbandlegacy | 243 | 23 | 266 | |||
| Gummerlegacy | 142 | 13 | 155 | |||
| SirFrancisCowlinTrust | 1,870 | 176 | - | 2,046 | ||
| BristolDioceseClergyHolidayTrust | 396 | 37 | 433 | |||
| 42,321 | (2,460) | 4,209 | 204 | 44,274 | ||
| RESTRICTEDFUNDS | ||||||
| DiocesanStipendsFundIncome | - | 319 | (25) | (294) | ||
| MeridianHallReserve | 128 | - | - | - | 128 | |
| UrbanFundReserve | 5 | - | 5 | |||
| EducationalFoundationsCapital | 1,694 | - | - | 121 | 1,815 | |
| EducationalFoundationsIncome | 2,858 | 149 | (113) | 421 | - | 3,315 |
| SchoolsMaintenanceIncomeFunds | 744 | 49 | (2) | - | 791 | |
| ClergySocietyCapitalFunds | 839 | - | 108 | 947 | ||
| ClergySocietyAccumulatedIncome | 177 | 95 | (55) | 8 | 225 | |
| ClergySocietyHolidayTrustIncome | 105 | 16 | - | 6 | 127 | |
| Uganda | 10 | - | - | - | 10 | |
| Uganda(Deanery) | 8 | 8 | ||||
| StMichaelontheMountWithout | 34 | 1 | - | 35 | ||
| TempleTrustforTheatreDirector | (1) | 1 | - | |||
| FreshExpressions | 20 | - | 20 | |||
| NewHousingFund | - | 30 | (30) | - | - | |
| ParsonageMajorWorks | (322) | 12 | 310 | - | ||
| ReleaseFund | 2 | - | 2 | |||
| BishopMonk'sHorfieldTrustFund DaventryRoadFund |
2,933 189 |
121 | (27) | (103) | (310) | 2,614 189 |
| CreativeArts | 40 | 2 | 1 | (1) | 42 | |
| GlobalPartnership/UgandaTrips | 1 | - | - | 1 | ||
| TransformingChurch StrategicDevelopmentFunding(SDF) BenefactTrust(new2023) |
(52) 412 - |
299 254 113 |
(361) (286) (26) |
- (412) 129 |
(114) (32) 216 |
|
| NewTownInnovationProject(new2023) | 84 | (73) | 11 | |||
| StrategicMinistryFunding(new2023) OtherRestricted |
6 | (101) (6) |
(101) | |||
| 9,824 | 1,538 | (1,091) | 560 | (577) | 10,254 | |
| DESIGNATEDFUNDS | ||||||
| DameVioletWillsLegacy | 969. | 91 | 1,060 | |||
| PastoralReserve | 5,948 | - | 5,948 | |||
| DiocesanOfficeRentalFund—Capital DiocesanOfficeRentalFund—Income |
4,656 66 |
66 | (11) | - 694 |
(121) | 4,590 760 |
| MissionFund | 170 | 168 | (130) | - | 208 | |
| GrowthFund TudorCottageReserve TransformingChurchTogether(TC.T) NewTownInnovationProject(new2023) |
24 (16) |
- | (36) - (542) (11) |
(30) (15) |
(42) (31) (542) (11) |
|
| 11,817 | 234 | (730) | 785 | (166) | 11.940 | |
| UNDESIGNATEDFUNDS | ||||||
| HGummerGifts | 104 | - | 10 | 114 | ||
| H HWillsBequest | 483 | 45 | - | 528 | ||
| StNicholasHallTrust | 517 | - | - | 49 | - | 566 |
| GeneralReserve | 8,244 | 7,225 | (9,246) | - | 539 | 6,762 |
| PensionReserve | (16) | - | 60 | (44) | - | - |
| 9,332 | 7.225 | (9,186) | 60 | 539 | 7.970 | |
| 73,294 | 8,997 | (13,467) | 5,614 | 74.438 |
| 28.SUMMARYOFASSETSBYFUND | |||||
|---|---|---|---|---|---|
| Fixedassets | Investments | Currentassets | Creditors | Netassets | |
| £,000 | £,000 | £,000 | £,000 | £,000 | |
| ENDOWMENTFUNDS | |||||
| DiocesanStipendsFundCapital | 3,080 | 14,629 | 17,709 | ||
| ParsonageBuildingFund | 18,583 | 3,539 | 87 | 22,209 | |
| ClergyPensionsTrust | 26 | 26 | |||
| DiocesanMissionTrust | 303 | 303 | |||
| DiocesanEducationCommitteeTrust | 21 | 21 | |||
| DiocesanOfficesendowment | 344 | 1 | 345 | ||
| ParsonagesFund | 308 | 308 | |||
| SchoolsMaintenanceFundcapital | 453 | 453 | |||
| Younghusbandlegacy | 266 | 266 | |||
| Gummerlegacy | 155 | 155 | |||
| SirFrancisCowlinTrust | 2,046 | 2,046 | |||
| BristolDioceseClergyHolidayTrust | 433 | 433 | |||
| 21,663 | 22,523 | 88 | 44,274 | ||
| RESTRICTEDFUNDS | |||||
| DiocesanStipendsFundIncome | |||||
| MeridianHallReserve | 128 | - | 128 | ||
| UrbanFundReserve | - | 5 | - | 5 | |
| EducationalFoundationsCapital | 1,477 | 319 | 19 | 1,815 | |
| EducationalFoundationsIncome | 3,838 | 2,274 | (2,797) | 3,315 | |
| SchoolsMaintenanceIncomeFunds | 500 | 291 | - | 791 | |
| ClergySocietyCapitalFunds | 947 | - | 947 | ||
| ClergySocietyAccumulatedIncome | 132 | 93 | - | 225 | |
| ClergySocietyHolidayTrustIncome | 66 | 61 | 127 | ||
| Uganda | - | 10 | 10 | ||
| Uganda(Deanery) | - | 8 | 8 | ||
| StMichaelontheMountWithout | 35 | 35 | |||
| FreshExpressions | 20 | 20 | |||
| ReleaseFund | - | 2 | 2 | ||
| BishopMonk'sHorfieldTrustFund | 2,438 | 176 | - | 2,614 | |
| DaventryRoadFund | - | 189 | 189 | ||
| CreativeArts | 21 | 21 | 42 | ||
| GlobalPartnership/UgandaTrips | - | 1 | 1 | ||
| TransformingChurch StrategicDevelopmentFunding(SDF) |
(114) (32) |
(114) (32) |
|||
| BenefactTrust | 216 | 216 | |||
| NewTownInnovationProject | 11 | 11 | |||
| StrategicMinistryFunding | - | (101) | (101) | ||
| 128 | 9,419 | 3,485 | (2,778) | 10,254 | |
| DESIGNATEDFUNDS | |||||
| DameVioletWillsLegacy | 1 | 1,059 | 1,060 | ||
| PastoralReserve | 4,561 | 1,287 | 34 | 5,882 | |
| DiocesanOfficeRentalFund—Capital | 5,350 | 5,350 | |||
| DiocesanOfficeRentalFund—Income | 104 | 104 | |||
| MissionFund | 104 | 104 | |||
| GrowthFund | 24 | 24 | |||
| OtherSpecificReserves | |||||
| TudorCottage DBEHookmillsEducationalFoundation |
(31) | (31) | |||
| TransformingChurchTogether(TC.T) | (542) | (542) | |||
| NewTownInnovation | (11) | (11) | |||
| 4,562 | 7,696 | (318) | 11,940 | ||
| UNDESIGNATEDFUNDS | |||||
| HGummerGifts | 114 | 114 | |||
| HHWillsBequest | 528 | 528 | |||
| StNicholasHallTrust | 566 | 566 | |||
| GeneralReserve | 7,765 | 3,368 | (4,371) | 6,762 | |
| PensionReserve | |||||
| 7,765 | 1,208 | 3,368 | (4,371) | 7,970 | |
| 34,118 | 40,846 | 6,623 | (7,149) | 74,438 |
| herpermanentendowments | |
|---|---|
| Fund | Incomepurpose |
| ClergyPensionsTrust | Todefraythecostofclergypensions |
| DiocesanMissionTrust | TowardssocialresponsibilityworkintheDiocese |
| DiocesanEducationCommitteeTrust | TowardstheworkoftheBoardofEducation |
| DiocesanOfficesendowment | TowardsthemaintenanceofDiocesanOffices |
| ParsonagesFund | TowardsthemaintenanceofparsonagehousesintheDiocese |
| 17OakfieldRoad,CliftonTrust | Towardstheaugmentationofstipendsandgeneralecclesiastical |
| purposesintheparishofChristChurch,Clifton | |
| SchoolsMaintenanceFundcapital | MaintenanceofCEvoluntaryaidedschoolsintheDiocese |
| Younghusbandlegacy | Towardstheaugmentationofstipends |
| Gummerlegacy | Towardstheaugmentationofstipends |
| SirFrancisCowlinTrust | ForthegeneralpurposesoftheBristolDiocesanBoardofFinance |
| BristolDioceseClergyHolidayTrust | Toassistwiththeholidayexpensesofclergy |
| (I) | ClergySocietyHolidayTrustAccumulatedIncomeFunds ThistrustoriginatesinagiftofthelateHoraceGummerin1923,anditsobjectistoassistwiththeholidayexpensesof clergy,withpreferencebeinggiventodiocesanclergy;and,iftheincomecannotbeappliedasabove,torelievediocesan clergyandtheirdependantswhoareinconditionsofneed,hardshipordistress. |
|---|---|
| (j) | UgandaFunds |
| Thesefundsarefromalegacy,receivedin2015,tobeusedtoprovidescholarshipfundsfortheologicalorordination | |
| traininginUgandaforthosewhoareengagedinorpreparingforserviceintheministryordainedorlayoftheChurchof | |
| UgandawithspecialconsiderationbeinggiventocandidatesfromtheDiocesesofBukei,MbaleorNorthMbale. | |
| (k) | Uganda(Deanery)Funds |
| ThesefundsareheldonbehalfofanumberofdeaneriesintheDiocesetosupporttheirlinkswiththeAnglicanchurchin | |
| Uganda. |
| (k) | Uganda(Deanery)Funds ThesefundsareheldonbehalfofanumberofdeaneriesintheDiocesetosupporttheirlinkswiththeAnglicanchurchin Uganda. |
|---|---|
| (I) | StMichaelontheMountWithout |
| ThesefundsremainfromthosedistributedtotheDBFin2007,whentheDiocesetookresponsibilityforthechurch. | |
| (m) | SMRClergy |
| ThesefundswereusedtohelptodefraythecostoftheassociateclergyatStMaryRedcliffe. | |
| (n) | FreshExpressions |
| TheCrossnetNetworkChurchwasestablishedin2004.Itmeetsinanon-churchsettinganddrawsitsmembersfroma | |
| widearea.Thefinancesofthisentitiesareseparatelymaintained;however,atpresenttheyhavenoformalstatusand | |
| arethereforeaggregatedintotheseaccounts. |
| (n) | FreshExpressions TheCrossnetNetworkChurchwasestablishedin2004.Itmeetsinanon-churchsettinganddrawsitsmembersfroma widearea.Thefinancesofthisentitiesareseparatelymaintained;however,atpresenttheyhavenoformalstatusand arethereforeaggregatedintotheseaccounts. |
|---|---|
| (o) | NewHousingAreasFund |
| In2010,theDiocesewasawardedagrantof£500,000fromtheChurchCommissionerstoprovideministryinnewhousing | |
| areasthroughouttheDiocese.Duringtheearlypartof2022,thesefundswereusedtopayforahome/schoollinkworker | |
| inPatchway,NorthBristol. |
| (p) | ReleaseFund Releaseisaleadershipdevelopmentprogrammethatrealisesthepotentialofleaders—itreleasestheirenergy.The programmehasbeenmadepossiblebythereceiptoffundingfromananonymousdonor. |
|---|---|
| (q) | CreativeArtsFund |
| Thisfundwasestablishedbyagenerousdonationin2018,withtheaimofcreatingafundtosupportandinvestin | |
| engagementwiththecreativeartsbyAnglicanChurchesintheDioceseofBristol. |
| (r) | GlobalPartnership/UgandaTripsFund ThisfundrepresentsamountscollectedanddisbursedinrelationtotripsbyparishesintheDiocesetolinkedchurchesin Uganda,andotherrelatedactivities. |
|---|---|
| (s) | StrategicDevelopmentFunding |
| ThisfundrepresentgrantsawardedbytheArchbishops'Council,andassociatedexpenditure,inrelationtheDiocese's | |
| strategicinitiativesofestablishingthreeMissionAreasinAvonside,Yate&FromesideandNorthWiltshireandtwo | |
| ResourcingchurchesatStNicholas,BristolandthePatternChurchinSwindon.Thisfundalsoincludesstrategiccapacity | |
| fundingawardedtotheDBFtosupportthesestrategicinitiatives. |
| 2023 | 2022 | ||
|---|---|---|---|
| Balancesheetliabilityat1January | 0 | 209,000 | |
| Deficitcontributionpaid | 0 | -120,000 | |
| Interestcost(recognisedinSoFA) | 0 | 0 | |
| Remainingchangetothebalancesheetliability*(recognisedinSoFA) | 0 | -89,000 | |
| Balancesheetliabilityat31December | 0 | 0 |
| December2023 | December2022 | December2021 | |
|---|---|---|---|
| Discountrate | n/a | n/a | 0.0%pa |
| Priceinflation | n/a | n/a | n/a |
| Increasetototalpensionablepayroll | n/a | n/a | -1.5%pa |
| BalanceSheetat31stDecember2023 | ||
|---|---|---|
| 2023 | 2022 | |
| £,000 | £,000 | |
| Fairvalueofassets | 489 | 473 |
| Presentvalueoffundedobligations | (489) | (489) |
| Netdefinedbenefitliabilityat31st December2022 | (16) | |
| Itshouldbenotedthatduetotheirnature,pensionschemeassetsarenotrecognised. | ||
| AmountsrecognisedintheStatementofFinancialActivityovertheyear | ||
| 2023 | 2022 | |
| £,000 | E,000 | |
| Currentservicecosts | ||
| Administrationcosts | 25 | 25 |
| Interestonliabilities | 24 | 24 |
| Interestonassets Pastservicecost |
(24) | (24) |
| Settlementcost | ||
| Total | 25 | 25 |
| Remeasurementsovertheyear | ||
| 2023 | 2022 | |
| £,000 | E,000 | |
| Loss/(gain)onschemeassetsinexcessofinterest | 24 | 8 |
| Experiencelosses/(gains)onliabilities Losses/(gains)fromchangestodemographicassumptions Losses/(gains)fromchangestofinancialassumptions |
(63) (4) 20 |
52 (221) |
| Totalremeasurements | (23) | (161) |
| Thechangeintheassetsovertheperiodwas: | 2023 | 2022 |
| £,000 | £,000 | |
| Fairvalueofassetsatthebeginningoftheperiod | 473 | 442 |
| Interestonassets | 24 | 9 |
| Employercontributions | 85 | 85 |
| ContributionsbySchemeparticipants | ||
| Benefitspaid AdministrationCosts Changeduetosettlements |
(18) (25) |
(31) (24) |
| Returnonplanassetslessinterest | (24) | (8) |
| Fairvalueofassetsattheendoftheperiod | 515 | 473 |
| Actualreturnonassets* | 1 | |
| *Calculatedusingunroundedfigures | ||
| ThechangeintheDefinedBenefitObligationsovertheperiodwas: | 2023 | 2022 |
| £,000 | £,000 | |
| DefinedBenefitObligationsatthebeginningoftheperiod | 489 | 676 |
| Currentservicecost | ||
| ContributionsbySchemeparticipants | ||
| Pastservicecost | ||
| Interestcost | 24 | 13 |
| Benefitspaid Changeduetosettlements |
(18) | (31) |
| Experience(gain)/lossondefinedbenefitobligations Changestodemographicassumptions Changestofinancialassumptions |
(63) (4) 20 |
52 (221) |
| DefinedBenefitObligationsattheendoftheperiod | 448 | 489 |
| Unrestricted | Restricted | Endowment | Totalfunds | ||
|---|---|---|---|---|---|
| Funds | |||||
| General | Designated | Funds | Funds | 2022 | |
| £,000 | £,000 | £,000 | £,000 | £,000 | |
| Incomeandendowmentsfrom | |||||
| Donations | |||||
| ParishSharecontributions | 5,262 | - | 5,262 | ||
| National Churchinstitutions | 589 | 651 | - | 1,240 | |
| Otherdonations | 661 | 17 | 678 | ||
| Charitableactivities | 339 | 339 | |||
| Otheractivities | 431 | - | 5 | 436 | |
| Investments | 384 | 163 | 658 | 1,205 | |
| Gainsonsaleofassets | 434 | - | (10) | 424 | |
| Totalincome | 8,100 | 163 | 1,331 | (10) | 9,584 |
| Expenditureon | |||||
| Raisingfunds | 123 | 15 | 17 | 155 | |
| Charitableactivities | 8,782 | 147 | 848 | 454 | 10,231 |
| Other | (249) | 1 | 13 | - | (235) |
| Totalexpenditure | 8,656 | 163 | 878 | 454 | 10,151 |
| Netincome/(expenditure)before othergains |
(556) | 453 | (464) | (567) | |
| Netgainsoninvestments | (155) | (923) | (1,242) | (1,670) | (3,990) |
| Netincome | (711) | (923) | (789) | (2,134) | (4,557) |
| Transferbetweenfunds | 100 | 132 | (232) | ||
| Actuarialgains/(losses)onpension | 161 | - | 161 | ||
| schemes | |||||
| Netmovementinfunds | (450) | (791) | (789) | (2,366) | (4,396) |
| Totalfundsasat1stJanuary2022 | 9,782 | 12,608 | 10,613 | 44,687 | 77,690 |
| Totalfundsasat315t December2022 | 9,332 | 11,817 | 9,824 | 42,321 | 73,294 |
| efinancialassetsheldinthiswaycanbesummarisedasfoll | owswithalike-for-like2022comparison: | |
|---|---|---|
| 2023 | 2022 | |
| £,000 | £,000 | |
| CapitalAssets | ||
| Equities | 447 | 447 |
| Otherfixed-interestsecurities | 79 | 79 |
| Unittrustshares | 12,852 | 12,852 |
| CBFDepositFund | 1,859 | 1,859 |
| COIFDepositFund | 310 | 310 |
| VirginMoneyCharityDeposits | 34 | 34 |
| Trustcapitalloans | 77 | 77 |
| OtherCapitalAssets | 495 | 495 |
| Cashatbank | 25 | 15 |
| IncomeAssets | ||
| Unittrustshares | 312 | 312 |
| CBFDepositFund | 607 | 543 |
| COIFDepositFund | 58 | 58 |
| VirginMoneyCharityDeposits | ||
| Debtors | ||
| Creditors | (16) | (15) |
| Cashatbank | 8 | 4 |
| 17,147 | 17,070 |