## 



## 

|||
|---|---|
|TABLEOFCONTENTS|PageNumber|
|LegalObjects|2|
|StrategicDevelopmentReport:|2|
|o<br>Strategicaimsandimplementation|2|
|o<br>Objectives,activitiesandachievementsintheyear|<br>4|
|o<br>Futureplans|6|
|o<br>Financialreview|6|
|o<br>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)||



## 



## 

## 

## 



## 

## 

## 

|<br>yeararesetoutinthefollo|wingtable:||||
|---|---|---|---|---|
||Fundsat31st<br>December<br>2023<br>£'000s|Proportion<br>ofportfolio|Income<br>yield<br>inyear|TotalReturn*<br>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<br>contributions||5,025||||5,025|5,262|
|National Church<br>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&<br>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<br>parish|10||||(1,819)|(1,819)||
|Netgains/(losses)on<br>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<br>oneyear|23|(3,358)||(1,545)||
|NETCURRENTASSETS|||3,261||3,638|
|TOTALASSETSLESSCURRENT<br>LIABILITIES|||78,225||77,836|
|CREDITORS:amountsfallingdueafter<br>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|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

|<br>assetsovertheircurrentlyexpe|<br>ctedusefuleconomiclivesatthefollow|<br>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<br>Forgeneralpurposes|(8)<br>19||6||(2)<br>19|71<br>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)<br>Remeasurement(Clergyscheme)||||||(120)<br>(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|<br>Restricted|<br>Restricted|<br>Endowment|<br>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||<br>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<br> 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|



## 

|<br>dersholdingparochialordiocesanappointmentsinthedioces|<br>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<br>Unrealisedinvestment(losses)/gains||(659)<br>3,055||(136)<br>(4,962)|
|At31stDecember||38,068||35,526|
|InvestmentProperties|||||
|At1stJanuary<br>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<br>2023|Cashflows|Othernon-<br>cash<br>changes|At31stDecember<br>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<br>1stJanuary|Income|Expenditure|Gainsand<br>Losses|Transfers|Balanceat<br>315fDecember|
|---|---|---|---|---|---|---|
||£,000|£,000|<br>£,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|-|<br>-|26||303|
|DiocesanEducationCommitteeTrust|19|||2||21|
|DiocesanOfficesendowment|315|||30||345|
|ParsonagesFund|281||-|27||308|
|17OakfieldRoad,Clifton(capitaltoparish)<br>SchoolsMaintenanceFundcapital|1,975<br>414||(1,819)|(113)<br>39|(43)|-<br>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<br>DaventryRoadFund|2,933<br>189|121|(27)|(103)|(310)|2,614<br>189|
|CreativeArts|40|2||1|(1)|42|
|GlobalPartnership/UgandaTrips|1|-|-|||1|
|TransformingChurch<br>StrategicDevelopmentFunding(SDF)<br>BenefactTrust(new2023)|(52)<br>412<br>-|299<br>254<br>113|(361)<br>(286)<br>(26)||-<br>(412)<br>129|(114)<br>(32)<br>216|
|NewTownInnovationProject(new2023)||84|(73)|||11|
|StrategicMinistryFunding(new2023)<br>OtherRestricted||6|(101)<br>(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<br>DiocesanOfficeRentalFund—Income|4,656<br>66|66|(11)|-<br>694|(121)|4,590<br>760|
|MissionFund|170|168|(130)|-||208|
|GrowthFund<br>TudorCottageReserve<br>TransformingChurchTogether(TC.T)<br>NewTownInnovationProject(new2023)|24<br>(16)|-|(36)<br>-<br>(542)<br>(11)||(30)<br>(15)|(42)<br>(31)<br>(542)<br>(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<br>StrategicDevelopmentFunding(SDF)|||(114)<br>(32)||(114)<br>(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<br>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<br>ThistrustoriginatesinagiftofthelateHoraceGummerin1923,anditsobjectistoassistwiththeholidayexpensesof<br>clergy,withpreferencebeinggiventodiocesanclergy;and,iftheincomecannotbeappliedasabove,torelievediocesan<br>clergyandtheirdependantswhoareinconditionsofneed,hardshipordistress.|
|---|---|
|(j)|UgandaFunds|
||Thesefundsarefromalegacy,receivedin2015,tobeusedtoprovidescholarshipfundsfortheologicalorordination|
||traininginUgandaforthosewhoareengagedinorpreparingforserviceintheministryordainedorlayoftheChurchof|
||UgandawithspecialconsiderationbeinggiventocandidatesfromtheDiocesesofBukei,MbaleorNorthMbale.|
|(k)|Uganda(Deanery)Funds|
||ThesefundsareheldonbehalfofanumberofdeaneriesintheDiocesetosupporttheirlinkswiththeAnglicanchurchin|
||Uganda.|



|(k)|Uganda(Deanery)Funds<br>ThesefundsareheldonbehalfofanumberofdeaneriesintheDiocesetosupporttheirlinkswiththeAnglicanchurchin<br>Uganda.|
|---|---|
|(I)|StMichaelontheMountWithout|
||ThesefundsremainfromthosedistributedtotheDBFin2007,whentheDiocesetookresponsibilityforthechurch.|
|(m)|SMRClergy|
||ThesefundswereusedtohelptodefraythecostoftheassociateclergyatStMaryRedcliffe.|
|(n)|FreshExpressions|
||TheCrossnetNetworkChurchwasestablishedin2004.Itmeetsinanon-churchsettinganddrawsitsmembersfroma|
||widearea.Thefinancesofthisentitiesareseparatelymaintained;however,atpresenttheyhavenoformalstatusand|
||arethereforeaggregatedintotheseaccounts.|



|(n)|FreshExpressions<br>TheCrossnetNetworkChurchwasestablishedin2004.Itmeetsinanon-churchsettinganddrawsitsmembersfroma<br>widearea.Thefinancesofthisentitiesareseparatelymaintained;however,atpresenttheyhavenoformalstatusand<br>arethereforeaggregatedintotheseaccounts.|
|---|---|
|(o)|NewHousingAreasFund|
||In2010,theDiocesewasawardedagrantof£500,000fromtheChurchCommissionerstoprovideministryinnewhousing|
||areasthroughouttheDiocese.Duringtheearlypartof2022,thesefundswereusedtopayforahome/schoollinkworker|
||inPatchway,NorthBristol.|



|(p)|ReleaseFund<br>Releaseisaleadershipdevelopmentprogrammethatrealisesthepotentialofleaders—itreleasestheirenergy.The<br>programmehasbeenmadepossiblebythereceiptoffundingfromananonymousdonor.|
|---|---|
|(q)|CreativeArtsFund|
||Thisfundwasestablishedbyagenerousdonationin2018,withtheaimofcreatingafundtosupportandinvestin|
||engagementwiththecreativeartsbyAnglicanChurchesintheDioceseofBristol.|



|(r)|GlobalPartnership/UgandaTripsFund<br>ThisfundrepresentsamountscollectedanddisbursedinrelationtotripsbyparishesintheDiocesetolinkedchurchesin<br>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<br>Pastservicecost|(24)|(24)|
|Settlementcost|||
|Total|25|25|
|Remeasurementsovertheyear|||
||2023|2022|
||£,000|E,000|
|Loss/(gain)onschemeassetsinexcessofinterest|24|8|
|Experiencelosses/(gains)onliabilities<br>Losses/(gains)fromchangestodemographicassumptions<br>Losses/(gains)fromchangestofinancialassumptions|(63)<br>(4)<br>20|52<br>(221)|
|Totalremeasurements|(23)|(161)|
|Thechangeintheassetsovertheperiodwas:|2023|2022|
||£,000|£,000|
|Fairvalueofassetsatthebeginningoftheperiod|473|442|
|Interestonassets|24|9|
|Employercontributions|85|85|
|ContributionsbySchemeparticipants|||
|Benefitspaid<br>AdministrationCosts<br>Changeduetosettlements|(18)<br>(25)|(31)<br>(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<br>Changeduetosettlements|(18)|(31)|
|Experience(gain)/lossondefinedbenefitobligations<br>Changestodemographicassumptions<br>Changestofinancialassumptions|(63)<br>(4)<br>20|52<br>(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<br>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|