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2020-12-31-accounts

Introduction
Legal objects
Strategic
Report
1 Strategic aims 3
2 Objectives for the year 3
3 Activities and achievements in the year 3
Plans for the future 7
5 Subsidiaries,
related		 parties, and volunteers 8
6 Financial review 9
7 Custodian trustee 12
8 Principal risks and uncertainties 13
Structure
and		 governance 14
Trustees'
responsibilities		 16
Administrative details 17
Independent Auditor's
Report		 20
Consolidated Statement of Financial Activities 24
Consolidated Summary Income and Expenditure Account 25
Group and Charity Balance Sheet 26
Consolidated Cashflow Statement 27
Notes to the Consolidated
Cashflow		 Statement 27
Statement
of		 Accounting Policies 29
Notes to the Accounts 34

Trustees Trustees Trustees
In accordance with the Companies
Act 2006, the Statement of Recommended		 Practice
applicable to charities preparing
their accounts
in accordance
with		 the Financial Reporting
Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective 1		 )anuary
2015),and in accordance
with the governance
structures
(section		 5), the trustees (for the
purposes of charity law) and directors (for the purposes of company law) during the year
and as at the date of signing
were as follows:
President (ex officio) The Rt Revd
M Seeley, Bishop ofSt Edmundsbury		 and Ipswich
Chairman Mr M Pendlington
DL, Chairman
Exofrido The Rt Revd Dr M R Harrison
Bishop of Dunwich
The Ven Dr D H Jenkins, Archdeacon
of Sudbury
The Ven R E King, Archdeacon
of Ipswich
The Ven J Gosney, Archdeacon
of Suffolk (from		 18January 2020)
The Very Revd J P Hawes,
Dean of St Edmundsbury
The Revd Canon SJ Potter, Chair ofthe House of Clergy
Canon
A R Allwood,
Chair ofthe House of Laity
Elected Mr DJ Lamming,
House of Laity
Mr D M J Ball, House of Laity
Mrs P Bird, House of Laity
Mr D J Chambers,
House of Laity
Mr I Wigston,
House of Laity
The Revd A S Dotchin,
House of Clergy
The Revd
M Haworth,
House of Clergy (retired 17		 March 2020)
The Revd S Bates, House ofClergy
Co-opted: Mr S R West
The Revd C Cook
Members are shown in the categories
in which they are currently		 appointed. They may
previously have served in a different capacity.

Total
Funds
Total 2019
Unrestricted Restricted Endowed Funds (re-
Funds Funds Funds 2020 stated)
Note f000 f000 f000 f000 f000
Income and endowments
firom:
Donations
and legacies
Parish share 5,994 5,994 6,340
Archbishops'
Council		 750 750 1,500 713
Other donations 113 64 177 197
Charitable
activities		 422 95 517 892
Other trading
activities		 346 8 354 396
Investments 276 315 591 612
Other income 62 31 30 123 90
Total income 7963 1263 30 9I256 9240
Expenditure
on:
Raising funds 163 163 195
Charitable
activities		 7572 1479 9051 8845
Total expenditure 7,735 1+79 9,214 9,040
Net Income / (expenditure)
before
investment
gains		 228 (216) 30 42 200
Net gains on investments 6 48 799 853 1958
Net income /(expenditure) 234 (168) 829 895 2,158
Transfiers between funds 13 (566) 230 336
Other recognised
gains and (losses):
Gains/(losses)
on reclassification
of fixed
assets 90 90 (21)
Actuarial
(losses)/gains		 on defined
benefit
pension schemes 23 14 14 1 109
Net movement
in funds		 (332) 62 1I241 971 3246
Reconciliation offunds:
Total funds at 1January 2020 as previously
reported 3~933 2998 72~562 791493 76702
Prior period adjustment
Total funds at 1january		 2020 (restated) 36 455
4388		 2998 72~562 455
79I948		 76702
Total funds at 31December 2020 (restated) 4056 3060 73 03 80919 79948

ar Ended 31Dece m b er 202
0
2019
2020 (restated)
f000 f000
Total Income (see below) 9,211 9,131
Expenditure
(see below)		 9214 9040
Operating
surplus/(deficit)		 for the year (3) 91
Interest receivable 15 25
Net gains/(losses
on		 investments 853 1958
Surplus for the year 865 2,074
Other comprehensive income:
Unrealised
gain/(losses)		 on property 90 (21)
Actuarial
(losses)/gain		 on defined benefit pension scheme (14) 1,109
Net assets transferred from endowments 30 84
Total comprehensive income for the year 971 3 246

Reconciliation ofSummary ofSummary Income and Expenditure to SoFA 2020 2019
(restated)
f000 f000
Total income per SoFA 9,256 9,240
Less total endowment additions (30) (84)
Less interest
receivable		 15 25
Total statutory
income		 9211 9 131
Total expenditure per SoFA 9,214 9,040
Less endowment total expenditure
Total expenditure per above 9214 9040

Group Group Charity Charity
2020 2019 2020 2019
(restated) (restated)
Note f000 f000 f000 f000
Fixed assets
Tangible assets 14 60,068 60,104 58,958 58,989
Investments 15 14184 13549 15404 14769
74,252 73,653 74,362 73,758
Current assets
Assets held for resale 1~796 2 106 1~796 2 106
Debtors 16 500 438 549 513
Investments 17 2g724 2 627 2~724 2 627
Cash at bank and
in		 hand 3 75 2419 3613 2 137
81895 7I590 8~682 7383
Creditors: amounts falling due within one
year 18 2Oii 871 1994 859
Net current assets 6 84 6719 6688 6 524
Total assets less current liabilities 81~136 80 372 81~050 80 282
Creditors: amounts falling due after one year
Pension scheme liabilities 19 217 424 217 424
Total net assets 80919 79948 80833 79858
Capital and reserves
Unrestricted fund 2,107 2,439 2,171 2,521
Unrestricted fund revaluation reserve 1949 1949 1 949 1949
21 4,056 4,388 4,120 4,470
Restricted fund 2+33 2,811 2+33 2,811
Restricted fund revaluation reserve 227 187 227 187
21 3,060 2,998 3,060 2,998
Endowment fund 30,243 29,217 30,223 29,175
Endowment fund revaluation reserve 43560 43 345 43430 43 215
21 73~803 72 562 73~653 72 390
80919 79948 80833 79858

Consolidated
Cashfiow Statement		 Consolidated
Cashfiow Statement
Year Ended 31December 2020
2020 2019
(restated)
f000 f000
Cashflow Statement:
Cash outflow from operating
activities (note a)		 (435) (70)
Cash inflow/(outfiow)
from investing
activities		 (note b) 1,081 (171)
Cash flows from financing
activities:
Loans advanced
to the Group		 907
Increase/(decrease)
in cash and cash equivalents		 1,553 (241)
Net funds at 1january as previously
stated		 4,591 4,832
Prior year adjustment
Net funds at 1January
(restated)		 455
5,046		 4,832
Net funds at31December (note c) 5689 4 591
Notes to the consolidated
cashflow		 statement
a) Reconciliation
ofnet expenditure		 before investment
gains to net cash oufflow from operating activities
Net income 42 200
Depreciation 40 52
(Profiit) on disposal oftangible
fixed assets		 (14) (90)
Returns
on investments		 (453) (441)
(Decrease)/Increase
in debtors		 (62) 457
Increase / (decrease)
in creditors		 12 248
Net cash (outflow) from operating activities 435 70
b) Cashflows
from investing
activities
Interest received 15 25
Investment
income received		 416
Receipts from sales oftangible
fixed assets		 657 878
Payments
to acquire tangible
fixed assets		 (29) (1,505)
Receipts from sales of investments 15
Payments
to acquire investments
Net cash inflow/(oufflow)
from investing		 activities 1081 171
c)Analysis of cash and cash equi valents
/ net debt
3anuary 2020 December
(restated) Cashflow 2020
f000 f000 f000
Cash and cash equivalents:
Cash at bank and in hand 2,419 1,456 3,875
Current asset investments 2627 97 2724
5,046 1I553 6i599
Borrowings:
Due within one year (910) (910)
Total 5046 643 5689

C '4
E
0		 C
O
B~
00
tV		 g
9~
gNm
f000 f000 f000 f000 f000
1
Parish Share
Parish share requested 7,217 7,217 7,194
Shortfall
in contributions		 1223 1223 854
5994 5994 6 340
2
Archbishops'		 Council
Selective allocation 150 167 317 350
Strategic Capacity
Fund		 47 47 66
Strategic Development Fund 481 481 297
Strategic
Ministry
Fund		 55 55
Sustainability
Funding		 600 600
750 750 1500 713
3
Other donations
Allchurches
Trust		 110 110 ill
Donations 3 64 67 86
113 64 177 197
4
Charitable		 activities
Statutory fees and chaplaincy income 388 388 459
Miscellaneous
income		 34 95 129 433
422 95 517 892
5
Other trading		 activities
Rental income from parsonage,
Houses		 glebe 5.Board 310 310 331
St Nicholas Centre 12 12 8
Other 24 32 57
346
6
Investments
Dividends
receivable		 146 292 438 416
Interest receivable 13 2 15 25
Rents receivable 117 21 138 171
276 315 591 612
7
Other Income
Coronavirus job Retention
income		 Scheme (CjRS) 80 31 ill
Gains on disposal of property / fixed assets 18 30 12 90
62 31 30 123 90
8
Raising funds
Cost of renting
out parsonage,		 glebe, and
Board Houses 33 33 41
St Nicholas Centre costs of sales 56 56 50
Investment
property
costs		 53 53 43
Net interest cost of dergy
Support costs		 pension 7
14		 7
14		 42
19
163 163 195

gpss
4~ Q
N		 C
Q
E
o"		 O 'p
C
2»		 Cl
4»		 C
lU»		 00
CV		 oo P
lV X
f000 f000 f000 f000 f000
9
Charitable
activities
Contributions
to the Archbishops'		 Council:
Training
for ministry		 264 264 293
National
Church
Responsibilities		 189 189 200
Mission Agency pension
contributions		 9 9 3
Retired dergy housing
costs (CHARM)		 90 90 86
Pooling of ordinand
candidates'		 costs 161 157 318 312
Other 21 21 21
734 157 891 915
Parochial
ministry:
Ministry
stipends
&.pensions		 4,343 185 4,528 4,299
Housing:
repairs &renewals		 293 48 341 405
Housing: rates, council tax &administration 387 387 356
Other expenses 561 1 562 522
5,584 234 5,818 5,582
Other ministry
&mission:
Ministry education
&.training
Education,
youth & children's		 ministry 165
iii		 324 165
435		 183
395
Specialist ministry
&.church
buildings		 332 637 969 917
608 961 1,569 1,495
Support costs 646 127 773 853
7572 1479 9051 8845
10
Grants payable
Unrestricted Restricted Endowment
funds funds funds
f000 f000 f000
General grants payable
Institutional
grants greater		 than f1,000to
support the work ofthose institutions:
Archbishops'
Council		 734 157
Churches Together
in Suffolk		 3
Other Trusts for the purposes detailed in the
individual
trust documents:
Diocese of Kagera 21
Ngara
Primary
School		 5
Kagera Pastors Children 4
Kagera Christian
Training
College		 14
Kagera CCMP 11
Tearfund 10
Grants to individuals
and others		 less than E1,000 84 6
821

Total
funds
Total 2019
Unrestricted Restricted Endowment funds (re-
funds funds funds 2020 stated)
f000 f000 f000 f000 fMO
Costs of raising funds 14 14 19
Charitable
activities		 618 127 745 811
Governance Costs 28 28 42
Total 660 127 787 872
Surplus
/		 (defidt) for the year is stated after charging: 2020 2019
fOM f000
General officecosts."
Depreciation 40 52
Staff costs 329 354
Office running
costs		 267 327
Professional fees 133 106
Governance costs:
Audit - Lovewell Blake 23 19
Other 4
Secretariat 19
797
12
Remuneration		 and staff and trustee details
Staff payroll costs during the year were as follows: 2020 2019
f000 f000
Wages and salaries 1,515 1,309
Social security costs 151 131
Pension costs —regular 79 64
Costs charged to SoFA 1,745 1,504
Pension costs
-deficit reduction		 8 8
Total payroll costs 1 753 1512
The average full-time equivalent number of employees, analysed by
function was: 2020 2019
Resourcing ministry and mission 33.1 28.3
Education 5.7 5.7
Governance 2.0 2.0
Support 4.9 5.6
45.7 41.6
The average number of employees during the year was: 46.8 43.0

The number ofemployees The number ofemployees The number ofemployees earning f60,000 or more during the year were as follows: or more during the year were as follows:
2020 2019
f70,000 - f80,000 3 2
f80,000 - f90,000
f90,000 —f100,000
Pension contributions paid in respect ofthese staff were f15,852(2019:f12,375).
Stipended
office		 holders not employees (full time equivalents) 2020 2019
Archdeacon s 3.0 3.0
Parochial
clergy		 95.1 97.6
Other office holders 3.0 2.0
Curates 21.0 16.0
122.1 118.6
At acost of f000 f000
Stipends 3,230 3,032
Employer
National		 insurance 288 242
Apprenticeship
Levy		 16 14
Pension cost current year 835 791
Costs charged to SoFA 4,369 4,079
Pension costs deficit reduction 357 334
Total stipendiary
costs		 4726 4413
Diocesan Secretary Mrs A Hughes
Finance Director Mr G Peverley
Director ofStrategic Planning
Diocesan Director of Education
Diocesan Advisory
Committee		 and Communications
5Pastoral
Committee		 Secretary Mr G Stone
Mrs jSheat
Mrj Halsall
Director of Mission and Ministry The Revd Canon Dave Gardner
Head of Property Mrs D Gillett

hurch
Commission		 ers
at the exp		 ers
at the exp		 ense ofthe bo ard unless indicated:
Office Holder Trustee Sti endia
acka e
Diocesan Bishop The Rt Revd M Seeley Funded
by the Church Commissioners:
~ f46,180stipend
for 2020/21
(f45,270 2019/20)
~ Defined benefit pension scheme.
~ Living accommodation.
~ Car.
Suffragan The Rt Revd Dr M Harrison Funded
by the Church Commissioners:
Bishop ~ f37,670 stipend for 2020/21
(f36,9302019/20)
~ Defined benefit pension scheme.
~ Living accommodation (funded by
DBF).
~ Car.
Arch deacons The Ven Dr D Jenkins ~ f36,281 stipend
for 2020/21
The Ven R King (F35,570 2019/20)
The Ven J Gosney (from ~ Defined benefit pension scheme.
18January 2020) ~ Living accommodation
~ Car
Parochial Revd S Potter ~ f26,589 stipend
for 2020/21
ministers Revd A S Dotchin (f26,068 2019/20).
Revd M Haworth (until ~ Defined benefit pension scheme.
17 March 2020) ~ Living accommodation
Revd S Bates
Revd C Cook
capacitie s on behalf ofthe Board were as follows:
2020 2019
f000 f000
Expenses - 8trustees (2019 - 10) 17
Stipends and pensions -8trustees (2019-8) 326 282

3
Transfers between
funds
Un- Total
restricted Restricted Endow't 2020
f000 f000 f000 f000
Past clergy pension cost, the liability for which is in the
Stipends
Capital Fund, but the cost is borne by		 the DBF (358) 358
Allocation
ofsupport costs back to the unrestricted		 fund (127) 127
Churchgates
2000 Limited movement
for the year		 22 (22)
Other Restricted
fund movement		 103 103
Total net transfers 230 336
4
Tangible fixed assets
Freehold Fixtures
land IL 5.
Group buildings fitbngs Total
OOOO f000 f000
Cost / Valuation at 1january 2020 59,925 523 60,448
Additions 29 29
Impairments
Transfers (to)/ from current assets at
NRV
Revaluations
Disposals 25 25
Cost / Valuation at 31December 2020 59,900 552 60,452
Accumulated
depreciation
at 1january
2020
Disposals
Charge for the year 40
Accumulated
depreciation
at 31
December 2020 384 384
Net Book Value at 31December 2020 59900 168 60068
Net Book Value at 31December 2019 59925 179 60104

Freehold
land L Fixtures 5.
Charity buildings fittings Total
f000 f000 f000
Cost / Valuation at 1January 2020 58,825 386 59,211
Addihons 29 29
Impairments
Transfers (to)/ from current assets at
NRV
Disposals 25 25
Cost / Valuation at 31 December 2020 58,800 415 59,215
Accumulated depreciation at 1January
2020 222 222
Disposals
Charge for the year 35 35
Accumulated depreciation at 31
December 2020 257 257
Net Book Value at 31 December 2020 58800 158 58958
Net Book Value at 31 December 2019 58825 164 58989

leased to third parties at 31 December 202 0: group and charity E9.9m (2019:f10 .9m).
15
Fixed asset investments
Investment Quoted
Group properties
f.000		 investments
f000		 Total
f000
Valuation at 1January 2020 2,955 10,594 13,549
Additions
Revaluations 70 565 635
Disposals
Valuation at 31 December 2020 3025 11159 14184
Historical cost at 31December 2020 1781 4 905 6686
Investment Churchgates Quoted
Charity properties
f000		 2000 Ltd
f000		 investments
f000		 Total
f000
Valuation at 1January 2020 2,375 1,800 10,594 14,769
Addihons
Revaluations 70 565 635
Disposals
Valuation at 31 December 2020 2445 1800 11159 15404
Historical cost at 31 December 2020 774 3400 4 905 9079

nvestm ents
held
2019
Group 2020 (restated)
f000 f000
Land S.buildings 3,026 2,956
Usted investments
and		 common investment funds:
Central Board of Finance Investment Fund 9+34 9,204
Central Board of Finance Property Fund 1,267 1,333
Other 57 56
14184 13549
e glebe land and buildings
were		 valued by Messrs Clarke S.Simpson
Chartered
rveyors as at 31 December 2019and 11St Nicholas Street, Ipswich
was revalued		 as at
December 2017 by Fenn Wright Chartered Surveyors. The directors
believe that		 the
lance sheet valuation is a reasonable estimate ofthe properties' fair value as at 31
ecember 2020.
2019
Charity 2020 (restated)
f000 f000
Land R buildings 2,446 2,376
Shares in Churchgates 2000 Limited 1+00 1,800
Usted investments
and		 common investment funds:
Central Board of Finance Investment Fund 9+34 9,204
Central Board of Finance Property Fund 1,267 1,333
Other 57 56
15404 14769

fe, and 11St Nicholas Street, Ip swich,
whic		 h
is leased to a thir		 d party.
2020 2019
Churchgates 2000 Limited year to 31December 2020 f000 f000
Gross income 97 119
Expenditure 56 50
Net profit 41 69
Gift aid payable to St Edmundsbury and Ipswich Diocesan
Board of Finance 45 71
Net loss

2020 2019
f000 f.000
Fixed assets 1,691 1,695
Current assets 272 284
Creditors: amounts falling due within one year 74 86
Net assets 1
9		 1893
Aggregate share capital and reserves 1 89 1893
6
Debtors
2020 2019 (restated)
Group
f000		 Charity
f000		 Group
f000		 Charity
f000
Amounts
falling due within one year:
Trade 112 101 124 120
Amounts
owed by group undertaking		 60 79
Collections
in progress —share		 239 239 234 234
Other debtors 132 132 3 3
Prepayments 8 8 54 54
Accrued income 9 9 23 23
549 438 513
17
Short term		 investments
2019
Group and charity 2020 (restated)
OOOO f.000
Building
Funds		 353 352
Diocesan Stipends Capital Account 1,282 1,282
Diocesan Pastoral Account 47 47
Restricted
Income		 Funds 932 833
Unrestricted
Funds		 4 7
Schools' Fund 106 106
2724 2 627

8
Credito		 rs: Am ounts falling due wit hin one year
2020 2019(restated)
Group
f000		 Charity
f000		 Group
f000		 Charity
f000
Trade creditors 158 156 258 257
Taxes
Social security 33 33
Forebearance loan 910 910
Other creditors 461 452 79 70
Accruals and income received in advance 231 225 179 177
Clergy pension scheme liabilities 218 218 355 355
2Oii 1994 871 859

19 Credito rs : A mou nts
falling due after		 one year
2020 2019 (restated)
Group Charity Group Charity
f000 f000 f000 f000
Clergy pension scheme liabilities 2-5 years 217 217 424 424
Clergy pension scheme liabilities after 5
years
217 217
20 Deferred income
2019
2020 (restated)
f000 f000
Deferred income brought forward 31 19
Income deferred in year 25 39
Income released in year 27 27
Deferred income carried forward 29 31

lg
a
lg
m 0
~g tV		 E0
a
M		 K EI
a
M		 Q
I-		 E
m 80
I0
cr,4 cv
f000 f000 f000 f000 f000 f000
Diocesan
Pastoral Account		 487 8 (47) 448
Schools fund
Schools fund		 revaln reserve 1,279
187		 268 (310) 1,237
227
Other 13 785 (886) 103 15
Restricted
Trusts:
Overseas
Parish
Stipends and		 pension trusts 68
66
57		 40
11
15		 (64)
(1)		 44
76
72
Church
building
School trusts
Other trusts		 trusts 586
101
154		 52
39
45		 (19)
(4)
(21)		 8
(5)
5		 627
131
183
Support costs 127 127
2998 1263 1479 230 3060
Charity
8
lO
C
lg~0
& cv
~g Pv		 0
E0c		 CQ
CL
X
UJ		 EIc I- 4 E
4 cv
f000 f000 f000 f000 f000 f000
Diocesan Pastoral Account 487 8 (47) 448
Schools fund 1,279 268 (310) 1,237
Schools fund revaln reserve 187 227
Other 13 785 (886) 103 15
Restricted
Trusts:
Overseas
Parish
Stipends
and		 pension trusts 68
66
57		 40
11
15		 (64)
(1)		 44
76
72
Church
buildings
Schools trusts
Other trusts
Support costs		 trusts 586
101
154		 52
39
15		 (19)
(4)
(21)
127		 8
(5)
5		 127 627
131
183
2998 1263 1479 230 3060

Endowment
Funds		 Endowment
Funds		 lO
Group C
lOn 0
v 0
4 tv		 E0
C		 E c
lO
I-		 Ol
pEII
2 E		 E
g
oI Q
~go
EOOO EOOO EOOO EOOO EOOO EOOO EOOO
Expendable
endowment:
Parsonage
houses		 fund 7,432 7+32
Parsonages
houses		 fund
Revaluation
reserve		 37,186 90 37,276
Schools funds 768 768
Schools funds revaln reserve 1497 125 1622
46~3 125 90 47,098
Permanent
endowment:
Diocesan Stipends fund 17,588 30 456 336 (14) 18,396
Diocesan Stipends fund
Revaluation
reserve		 4,662 4+62
Ordination
trusts		 35 3 38
Parish trusts 338 22 360
Stipend and pension trusts
Church
building
trusts		 709
1~2		 24
107		 733
1,549
School trusts 604 41 645
Other trusts 301 21 322
25679 30 674 336 14 26705
72562 30 799 336 76 73 03
Charity
lO
C
lO~o		 OlO
H
CV
Q Pv		 C
W		 ILl S I W
CV
e0
C rv
EOOO EOOO EOOO EOOO EOOO EOOO EOOO
Expendable
endowment:
Parsonage
houses		 fund 7+32 7,432
Parsonages
houses		 fund
Revaluation
reserve		 37,186 90 37,276
Schools funds 768 768
Schools funds
revaln		 reserve 1497 125 1622
46,883 125 90 47,098
Permanent
endowment:
Diocesan Stipends fund 17,546 30 456 336 8 18,376
Diocesan Stipends fund
Revaluation
reserve		 4,532 4,532
Ordination
trusts		 35 3 38
Parish trusts 338 22 360
Stipend and pension trusts 709 24 733
Church
building
trusts		 1,442 107 1,549
School trusts 604 41 645
Other trusts 301 21 322
25507 30 674 336 8 26555
72390 30 799 336 98 73653

Restricted Income Income These funds arise from provision ofthe Mission and Pastoral These funds arise from provision ofthe Mission and Pastoral These funds arise from provision ofthe Mission and Pastoral
Measure 2011and any other money as directed
by the
Bishop and Diocesan Board of Finance. The funds can be
used for the following:
~
Costs incurred
for the purpose ofthe Measure		 or any
scheme or order, excepting
any salaries or wages.
~
Costs of disposing
ofor maintaining
houses or churches
vested
in the Diocesan
Board of Finance or
Commissioners
~
For the benefit of another
Diocese
~
Transfer monies
surplus
to the above to any other fund
ofthe board.
Schools fund
Restricted Income Subject to Section 17ofthe Education
Act 1993the funds
can be used for:
~
The purchase,
construction,
maintenance
and
improvement
of any school or teacher's
house		 in the
relevant
area
~
The provision ofadvice, guidance,
and resources for the
management
of schools
in the area
~
Inspection
of relevant
schools
in the area
Expendable endowment This fund is comprised
ofthe sale proceeds of redundant
Church of England
school premises,
teachers'
houses and
associated
endowments
which have been vested		 in the
Board of Finance by Orders under the Education
Acts 1994
and 1973.
The use ofthe fund
is restricted
under Section 17ofthe
Education
Act 1993.
Restricted Income Sundry
receipts for specific purposes ofthe Board		 of Finance
and Diocesan activities.
TfUsts
Ordination trust To defray general
and specific costs of ordinands'		 training
and expenses.
Overseas trusts To assist with mission
in Rwanda
and the Diocese		 of Kagera
Parish trusts To defray various costs in specific parishes. These are
included
in the diocesan accounts as the Board of Finance		 is
the trustee
responsible
for the management
ofthe assets		 in
addition to being the custodian
trustee.
Stipends and pension trusts For the augmentation
of particular
benefices and		 stipends in
general.
Church
building		 trusts For the maintenance
ofchurches
in the Diocese.
Schools trusts governors For the use of specific schools as directed
by those schools.
Other trusts Sundry trusts for various
purposes
ofthe Board of Finance
and diocesan
mission.

Group
III Q aQ eg Ch
Ill &
~o 8
N
VOO
Ceo~		 Ill
EO
C
M		 c
4l
CL
)C
IlJ		 EV
Cl)c
M		 III
c		 & O
cl E		 Q
E
M
Ill 5
Pl
M
Ill
Ol
c(0~
OOOO OOOO f000 OOOO f000 f000 f000
General reserve 1,465 7~893 (7/909) 90 (405) 1,134
Fixed asset reserve 1,305 1,305
Fixed asset revaluation reserve 1,596 (55) 1,541
Investment revaluation reserve 408 408
4774 7 93 7 909 35 405 4388
Charity ?' Q 8 8
V
III
lo
V
~8
vO
~+
4 hl ~		 Q
EO
a		 a
IllO.
UJ		 E cia E
geo		 III OI
&OS
f000 f000 f000 f000 f000 f000 f000
General reserve 1f571 7I774 (7,833) (296) 1,216
Rxed asset reserve 1,305 1,305
Fixed asset revaluation reserve 1,596 (55) 1,541
Investment revaluation reserve 408 408
4
0		 7 774 7833 55 296 4470

Group
rO
c
lO
e0
4 cv		 I
E
M		 8
'C
c
CL
Lu		 I
E
kJ
OI
c
M		 L
Q
C
lO
I-		 E
44 cv
f000 f000 f000 f000 f000 f000
Diocesan Pastoral Account
Schools fund
Schools fund revaln
reserve		 1,313
1,031
95		 8
533		 (66)
(285)		 92 (768) 487
1,279
187
Other 14 542 (569) 26 13
Restricted
Trusts:
Overseas
Parish		 61
57		 71
9		 (64) 68
66
Stipends and pension trusts 42 15 57
Church
building
School trusts
Other trusts
Support costs		 trusts 547
87
133		 52
19
15		 (30)
(5)
(4)
109		 17
10		 109 586
101
154
3380 1264 1132 119 633 2998
Charity
Q
lOc
lO
e0
4 cv		 Ol
E
Oc		 1Oa EI 0
Nc
lOI-		 E
44 Pv
OOOO OOOO OOOO f000 f000 OOOO
Diocesan Pastoral Account
Schools fund
Schools fund revaln reserve		 1,313
1,031
95		 8
533		 (66)
(285)		 92 (768) 487
1,279
187
Other 14 542 (569) 26 13
Restricted
Trusts:
Overseas
Parish		 61
57		 71
9		 (64) 68
66
Stipends and pension trusts 42 15 57
Church
building
School trusts
Other trusts
Support costs		 trusts 547
87
133		 52
19
15		 (30)
(5)
(4)
109		 17
10		 586
101
154
3380 1264 1132 119 633 2998

4l
Endowment
Funds		 lO
Group C
lO~e
v 0
~C N		 Ol
E0
a		 DC Nv
oI		 E
f000 f000 EOOO f000 f000 f000 f000
Expendable endowment:
Parsonage
houses fund		 6,664 7+32
Parsonages houses fund
Revaluation reserve 37,182 4 37,186
Schools funds 768 768
Schools funds
revaln		 reserve 1187 310 1 97
45+01 310 4 46+83
Permanent endowment:
Diocesan Stipends fund 15,176 918 271 1,139 17,588
Diocesan Stipends fund
Revaluation reserve 4,662 4,662
Ordination
trusts		 30 5 35
Parish trusts 286 52 338
Stipend and pension trusts 632 77 709
Church
building
trusts		 1,199 243 1+42
School trusts 508 96 604
Other trusts 254 47 301
22 747 1 38 271 1139 25679
68548 1748 1039 1143 72 62
Charity
tO
C
lO
v 0
g cv		 CQQ.
IU		 C OlovO
eE
ecv
f000 f000 f000 f000 f000 f000 f000
Expendable endowment:
Parsonage
houses fund		 6,664 7,432
Parsonages
houses fund
Revaluation reserve 37,182 4 37,186
Schools funds 768 768
Schools funds
revaln		 reserve 1187 310 1497
45~1 310 4 46,883
Permanent endowment:
Diocesan Stipends fund 15,105 918 271 1,168 17,546
Diocesan Stipends fund
Revaluation reserve 4,532 4,532
Ordination
trusts		 30 5 35
Parish trusts 286 52 338
Stipend and pension trusts 632 77 709
Church
building
trusts		 1,199 243 1,442
School trusts 508 96 604
Other trusts 254 47 301
22 546 84 1 38 271 1168 25507
68347 1748 1039 1172 72390

stipends) are as set out in the table below.
%of pensionable stipends January 2018to January 2021 to
December 2020 December 2022
Deficit repair contributions 11.9% 7.1%
2020 2019
Balance sheet liability at 1january 779,000 2,188,000
Deficit contribution paid (365,000) (342,000)
Interest cost (recognised in SoFA) 7,000 42,000
Remaining
change		 to the balance sheet liability* (recognised in 14,000 (1,109,000)
SoFA)
Balance sheet liabili at 31December 435000 779000
December 2020 December 2019 December 2018
Discount rate 0.2% pa 1.1%pa 2.1%pa
Price inflation 3.1%pa 2.8% pa 3.1%pa
Increase to total pensionable payroll 1.6% pa 1.3% pa 1.6% pa

5
Analysis		 ofnet assets be tween
funds
Group 2020 2020 2020 2020
Unrestricted
f000		 Restricted
f.000		 Endowments
f000		 Total
f000
Fixed assets
Tangible assets 2,428 57,640 60,068
Investments 1626 919 11639 14184
4,054 919 69I279 74'252
Current assets
Assets for resale 1,796 1,796
Debtors 327 162 11 500
Investments 4 1,085 1,635 2,724
Cash at bank and in hand 856 1488 1531 3875
1,187 2,735 4,973 8,895
Creditors
& 1year		 1185 594 232 2011
Net current assets 2 141 4741 6884
Total assets less current liabilities 4,056 3,060 74~020 81I136
Creditors
&1year
Pension scheme liabilities 217 217
Total net assets 4056 3060 73803 80919

Charity 2020 2020 2020 2020
Unrestricted Restricted Endowments Total
EOOO EOOO EOOO EOOO
Fixed assets
Tangible assets 2,428 56,530 58,958
Investments 1626 919 12859 15404
4,054 919 69,389 74,362
Current assets
Assets for resale 1,796 1,796
Debtors 387 162 549
Investments 4 1,085 1,635 2,724
Cash at bank and in hand 876 1441 1296 3613
Creditors (1year 1,267
1201		 2,688
547		 4,727
246		 8,682
1994
Net current assets 66 2141 4481 6688
Total assets less current
Creditors )1year		 liabilities 4,120 3,060 73,870 81,050
Pension scheme liabilities 217 217
Total net assets 4120 3060 73653 80833
6
Prior year: Analysis ofnet assets between		 funds (restated)
Group 2019 2019 2019 2019
Unrestricted Restricted Endowments Total
EOOO EOOO EOOO EOOO
Fixed assets
Tangible assets 2,460 57,644 60,104
Investments 1620 870 11059 13549
4,080 870 68I703 73g653
Current assets
Assets for resale 260 1,846 2,106
Debtors 415 20 3 438
Investments 7 986 1,634 2,627
Cash at bank and in hand 66 1324 1161 2419
Creditors (1year 616
308		 2,330
202		 4,644
361		 7,590
871
Net current assets 2128 4 283 6719
Total assets less current liabilities 4,388 2,998 72I986 80I372
Creditors
& 1year
Pension scheme liabilities 424 424
Total net assets 4388 2998 72562 79948

Total commi tments
u		 nder non-cancellable operating leases are as follows:
2020 2019
f000 f000
Land and buildings where the lease expires:
Group
Within one year ofthe balance sheet date 13 17
In the second to fifth years ofthe balance sheet date 9 22
Later than five years
22 39
Operating leases recognised as an expense (group) 15 17
Total commitments
under non-cancellable		 operating leases are as follows:
2020
f000		 2019
f000
Land and buildings where the lease expires:
Company
Within one year ofthe balance sheet date 75 79
In the second to fifth years ofthe balance sheet date 257 270
Later than five years 181 243
513 592

~
Subscriptio		 ns
to Churc		 h Schoo ls
Transactions identified other than those described above include:
Trustee Relationship
and		 Transaction
Related Party
The Rt Revd M Seeley Bishop of St Edmundsbury f35,814(2019:f59,174) received by
Bishop ofSt and Ipswich the DBFfor administrative
support
Edmundsbury and and computer
support services.
Ipswich
The Rt Revd M Seeley Trustees of Suffolk Clergy f500 (2019:f500) paid to the DBF for
Bishop of St Charity administrative
support
and postage
Edmundsbury and costs.
Ipswich, The Ven Dr
D 3enkins, The Ven 3
Gosney
The Ven R King Trustee of Elizabeth E3,000(2019:E3,000) paid to the
Walter Charity DBFfor support towards
Suffolk Show
costs
The Ven R King Trustee of Leading Your 23,320(2019:ENil) paid to the DBF
Church into Growth for training
costs
The Very Revd 3 P Trustee ofthe Cathedral E1,004 (2019:f15,051) paid by the
Hawes cathedral
to the DBFfor recharged
staff and support costs.
Mrs 3 A Sheat Trustee of Keswick Hall f60,000 (2018:f60,000) for grant
Trust towards
schools' advisor post
Mrs 3 A Sheat Director of St f55,495 (2019:f45,474) paid to the
Edmundsbury
and Ipswich		 DBFfor recharged
staff and support
Multi Academy Trust costs.
Mr D M 3 Ball Trustee ofWestcott House f17,308(2019:f40,165)for tuition
fees

Amounts
due (to) and		 from related parties at the year-end parties at the year-end (all transactions):
Trustee / Manager Relationship
and
Related Party		 2020 2019f
The Ven Dr D H jenkins Expenses (194) (147)
The Ven R E King Expenses (1,116) (1,042)
Mrs 3 A Sheat St Edmundsbury MAT
Director 5,428 5,215
The Rt Revd
M Seeley		 Bishop's Office 524 32,853
The Ven R E King
The Rt Revd j Hawes
The Revd Sj Potter		 Leading Your Church
The Cathedral
Office
Expenses		 into Growth 3,320 (642)
(159)

2020 2019
Group Charity Group Charity
f000 f000 f000 f000
Financial Asseh
Measured at Fair Value through
net income/expenditure:
Fixed asset listed investments (note 15) 11159 11159 10594 10594
Equity instruments measured at cost less
impairment:
Current asset unlisted invest ments (note 17) 2724 2724 2 627 2 627

Total Total Total
Unrestricted Restricted Endowed Funds Funds
Funds Funds Funds 2019 2018
Note f000 f000 f000 f000 f000
Income and endowments from:
Donations
and legacies
Parish share 6,340 6,340 6,353
Archbishops'
Council		 183 530 713 341
Other donations 125 72 197 214
Charitable
activities		 531 361 892 637
Other trading
activities		 388 396 322
Investments 320 292 612 530
Other income 6 90 504
Total income 7+93 1I263 84 9g240 8901
Expenditure
on:
Raising funds 195 195 161
Charitable
activities		 7713 1 132 8 5 8 173
Total expenditure 7908 1 132 9 040 8334
Net Income / (expenditure) before
investment
gains
Net gains/(loss)
on investments		 (15)
90		 131
120		 84
1748		 200
1958		 567
3
Net income /(expenditure) 75 251 1 32 2 158 564
Transfers between funds 13 (406) (633) 1,039
Other recognised
gains and		 (losses):
Gains/(Loss)
on reclassification		 of fixed assets (55) 34 (21) 166
Actuarial
gains on defined benefit pension
schemes 23 1109 1109 144
Net movement
in funds		 (386) (382) 4/0 14 3g246 874
Reconciliation
offunds:
Total funds at 1january 2019 4774 3380 68548 76 702 75 828
Total funds at 31 December 2019 4388 2998 72562 79 948 76702
34
Prior year:		 Analysis of transfers between funds (restated)
Un- Total
restricted Restricted Endow't 2019
EOOO f000 f000 f000
Net value of benefice property sales, purchases 5
improvements
released		 from the Benefice Fund into the
Pastoral Account (768) 768
Past clergy pension cost, the liability for which
is in		 the
Stipends
Capital Fund,		 but the cost is borne by the DBF (300) 300
Allocation
of support costs back to the unrestricted		 fund (109)
Churchgates
2000 Limited movement		 for the year 29 (29)
Other Restricted
fund		 movement 26 26
Total net transfers 406 633 1039

Unapplied
Total
Endowment Return Total
At 31December 2019: f000 f000 f000
Trust for permanent
endowment		 4,055 4,055
Unapplied Total Return 2,517 2,517
Movements in the accounting period
Unapplied total return
allocated to
income
At31December 2020:
Trust for permanent
endowment		 4,055 4,055
Unapplied Total Return 2517 2517
Total 4055 2517 6572
Held as:
Glebe Land 1,976
Investment properties 400
Fixed asset investments 2,914
Current asset investments 1282
Total 4055 2517 6572

e prior year fina ncial
statements		 have been restated to correct the following:
As Prior year
previously adjust-
Group reported ment Restated
Balance sheet EOOO f000 f000
Cash at bank and in hand 1,964 455 2,419
Unrestricted fund 3933 455 4388
As Prior year
Charity previously
reported		 adj Ust-
ment		 Restated
Balance sheet f000 f000 f000
Cash at bank and in hand 1,690 447 2,137
Unrestricted fund 3970 4470