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## 

|Introduction|||||||
|---|---|---|---|---|---|---|
|Legal objects|||||||
|Strategic<br>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,<br>related||parties,|and|volunteers|8|
|6|Financial|review||||9|
|7|Custodian|trustee||||12|
|8|Principal|risks and uncertainties||||13|
|Structure<br>and|governance|||||14|
|Trustees'<br>responsibilities||||||16|
|Administrative|details|||||17|
|Independent|Auditor's<br>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<br>Cashflow||Statement|||27|
|Statement<br>of|Accounting|Policies||||29|
|Notes to the|Accounts|||||34|





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|Trustees|Trustees|Trustees||||||||
|---|---|---|---|---|---|---|---|---|---|
|In accordance|||with|the Companies<br>Act 2006, the Statement of Recommended||||Practice||
|applicable||to charities|||preparing<br>their accounts<br>in accordance<br>with|the Financial|||Reporting|
|Standard|applicable|||in the UK and Republic of Ireland<br>(FRS 102) (effective 1||||)anuary||
|2015),and||in|accordance<br>with the governance<br>structures<br>(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<br>were as follows:||||||
|President||(ex|officio)||The Rt Revd<br>M Seeley, Bishop ofSt Edmundsbury||and Ipswich|||
|Chairman|||||Mr M Pendlington<br>DL, Chairman|||||
|Exofrido|||||The Rt Revd Dr M R Harrison<br>Bishop of Dunwich|||||
||||||The Ven Dr D H Jenkins, Archdeacon<br>of Sudbury|||||
||||||The Ven R E King, Archdeacon<br>of Ipswich|||||
||||||The Ven J Gosney, Archdeacon<br>of Suffolk (from|18January||2020)||
||||||The Very Revd J P Hawes,<br>Dean of St Edmundsbury|||||
||||||The Revd Canon SJ Potter, Chair ofthe House|of|Clergy|||
||||||Canon<br>A R Allwood,<br>Chair ofthe House of Laity|||||
|Elected|||||Mr DJ Lamming,<br>House of Laity|||||
||||||Mr D M J Ball, House of Laity|||||
||||||Mrs P Bird, House of Laity|||||
||||||Mr D J Chambers,<br>House of Laity|||||
||||||Mr I Wigston,<br>House of Laity|||||
||||||The Revd A S Dotchin,<br>House of Clergy|||||
||||||The Revd<br>M Haworth,<br>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<br>in which they are currently||appointed.||They may||
|previously||have served|||in a different capacity.|||||





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||||||||Total|
|---|---|---|---|---|---|---|---|
||||||||Funds|
|||||||Total|2019|
||||Unrestricted|Restricted|Endowed|Funds|(re-|
||||Funds|Funds|Funds|2020|stated)|
|||Note|f000|f000|f000|f000|f000|
|Income and endowments<br>firom:||||||||
|Donations<br>and legacies||||||||
|Parish share|||5,994|||5,994|6,340|
|Archbishops'<br>Council|||750|750||1,500|713|
|Other donations|||113|64||177|197|
|Charitable<br>activities|||422|95||517|892|
|Other trading<br>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<br>on:||||||||
|Raising funds|||163|||163|195|
|Charitable<br>activities|||7572|1479||9051|8845|
|Total expenditure|||7,735|1+79||9,214|9,040|
|Net Income / (expenditure)<br>before||||||||
|investment<br>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<br>gains and (losses):||||||||
|Gains/(losses)<br>on reclassification<br>of fixed||||||||
|assets|||||90|90|(21)|
|Actuarial<br>(losses)/gains|on defined<br>benefit|||||||
|pension schemes||23|||14|14|1 109|
|Net movement<br>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<br>Total funds at 1january|2020 (restated)|36|455<br>4388|2998|72~562|455<br>79I948|76702|
|Total funds at 31December 2020 (restated)|||4056|3060|73 03|80919|79948|





## 

## 

|ar Ended 31Dece|m|b|er 202|<br>0||||
|---|---|---|---|---|---|---|---|
||||||||2019|
|||||||2020|(restated)|
|||||||f000|f000|
|Total Income (see below)||||||9,211|9,131|
|Expenditure<br>(see below)||||||9214|9040|
|Operating<br>surplus/(deficit)|||for the|year||(3)|91|
|Interest receivable||||||15|25|
|Net gains/(losses<br>on|investments|||||853|1958|
|Surplus for the year||||||865|2,074|
|Other comprehensive|||income:|||||
|Unrealised<br>gain/(losses)||on property||||90|(21)|
|Actuarial<br>(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<br>receivable|||||15|25|
|Total statutory<br>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<br>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<br>Cashfiow Statement|Consolidated<br>Cashfiow Statement||||
|---|---|---|---|---|
|Year Ended 31December 2020|||||
||||2020|2019|
|||||(restated)|
||||f000|f000|
|Cashflow Statement:|||||
|Cash outflow from operating<br>activities (note a)|||(435)|(70)|
|Cash inflow/(outfiow)<br>from investing<br>activities||(note b)|1,081|(171)|
|Cash flows from financing<br>activities:|||||
|Loans advanced<br>to the Group|||907||
|Increase/(decrease)<br>in cash and cash equivalents|||1,553|(241)|
|Net funds at 1january as previously<br>stated|||4,591|4,832|
|Prior year adjustment<br>Net funds at 1January<br>(restated)|||455<br>5,046|4,832|
|Net funds at31December (note c)|||5689|4 591|
|Notes to the consolidated<br>cashflow|statement||||
|a) Reconciliation<br>ofnet expenditure|before investment||||
|gains to net cash oufflow from operating||activities|||
|Net income|||42|200|
|Depreciation|||40|52|
|(Profiit) on disposal oftangible<br>fixed assets|||(14)|(90)|
|Returns<br>on investments|||(453)|(441)|
|(Decrease)/Increase<br>in debtors|||(62)|457|
|Increase / (decrease)<br>in creditors|||12|248|
|Net cash (outflow) from operating|activities||435|70|
|b) Cashflows<br>from investing<br>activities|||||
|Interest received|||15|25|
|Investment<br>income received||||416|
|Receipts from sales oftangible<br>fixed assets|||657|878|
|Payments<br>to acquire tangible<br>fixed assets|||(29)|(1,505)|
|Receipts from sales of investments||||15|
|Payments<br>to acquire investments|||||
|Net cash inflow/(oufflow)<br>from investing||activities|1081|171|





|c)Analysis of|cash and cash equi|valents<br>/ 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|





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





## 

|||||||||gpss|
|---|---|---|---|---|---|---|---|---|
|||||4~|Q<br>N|C<br>Q<br>E<br>o"|O|'p|
|||||C<br>2»|Cl<br>4»|C<br>lU»|00<br>CV|oo P<br>lV X|
|||||f000|f000|f000|f000|f000|
|9<br>Charitable<br>activities|||||||||
|Contributions<br>to the Archbishops'||Council:|||||||
|Training<br>for ministry||||264|||264|293|
|National<br>Church<br>Responsibilities||||189|||189|200|
|Mission Agency pension<br>contributions||||9|||9|3|
|Retired dergy housing<br>costs (CHARM)||||90|||90|86|
|Pooling of ordinand<br>candidates'||costs||161|157||318|312|
|Other||||21|||21|21|
|||||734|157||891|915|
|Parochial<br>ministry:|||||||||
|Ministry<br>stipends<br>&.pensions||||4,343|185||4,528|4,299|
|Housing:<br>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<br>&mission:|||||||||
|Ministry education<br>&.training<br>Education,<br>youth & children's|ministry|||165<br>iii|324||165<br>435|183<br>395|
|Specialist ministry<br>&.church<br>buildings||||332|637||969|917|
|||||608|961||1,569|1,495|
|Support costs||||646|127||773|853|
|||||7572|1479||9051|8845|
|10<br>Grants payable|||||||||
|||||Unrestricted||Restricted|Endowment||
||||||funds|funds||funds|
||||||f000|f000||f000|
|General grants payable<br>Institutional<br>grants greater|than f1,000to||||||||
|support the work ofthose institutions:<br>Archbishops'<br>Council|||||734|157|||
|Churches Together<br>in Suffolk|||||3||||
|Other Trusts for the purposes||detailed|in the||||||
|individual<br>trust documents:|||||||||
|Diocese of Kagera||||||21|||
|Ngara<br>Primary<br>School||||||5|||
|Kagera Pastors Children||||||4|||
|Kagera Christian<br>Training<br>College||||||14|||
|Kagera CCMP||||||11|||
|Tearfund||||||10|||
|Grants to individuals<br>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<br>activities|||||||618|||127||745|811|
|Governance|Costs|||||||28||||28|42|
|Total|||||||660|||127||787|872|
|Surplus<br>/|(defidt)||for the year|||is stated after|charging:||||2020||2019|
||||||||||||fOM||f000|
|General officecosts."||||||||||||||
|Depreciation|||||||||||40||52|
|Staff costs|||||||||||329||354|
|Office running<br>costs|||||||||||267||327|
|Professional|fees||||||||||133||106|
|Governance|costs:|||||||||||||
|Audit - Lovewell||Blake|||||||||23||19|
|Other|||||||||||||4|
|Secretariat|||||||||||||19|
||||||||||||797|||
|12<br>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<br>-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<br>office|holders not employees||||(full time equivalents)|2020|2019|
|Archdeacon s||||||3.0|3.0|
|Parochial<br>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<br>National|insurance|||||288|242|
|Apprenticeship<br>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<br>costs||||||4726|4413|



|Diocesan Secretary|||||Mrs A Hughes|
|---|---|---|---|---|---|
|Finance Director|||||Mr G Peverley|
|Director ofStrategic Planning<br>Diocesan Director of Education<br>Diocesan Advisory<br>Committee||and Communications<br> 5Pastoral<br>Committee||Secretary|Mr G Stone<br>Mrs jSheat<br>Mrj Halsall|
|Director of Mission|and Ministry||||The Revd Canon Dave Gardner|
|Head of Property|||||Mrs D Gillett|



## 




## 


|hurch<br>Commission|ers<br>at the exp|ers<br>at the exp|ense|ofthe bo|ard|unless indicated:|||
|---|---|---|---|---|---|---|---|---|
|Office Holder|Trustee||||Sti|endia<br>acka e|||
|Diocesan Bishop|The|Rt Revd|M Seeley||Funded<br>by the Church Commissioners:||||
||||||~|f46,180stipend<br>for 2020/21|||
|||||||(f45,270 2019/20)|||
||||||~|Defined benefit pension|scheme.||
||||||~|Living accommodation.|||
||||||~|Car.|||
|Suffragan|The|Rt Revd|Dr M Harrison||Funded<br>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<br>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<br>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<br>Transfers between<br>funds||||||||
|---|---|---|---|---|---|---|---|
|||||Un-|||Total|
|||||restricted|Restricted|Endow't|2020|
|||||f000|f000|f000|f000|
|Past clergy pension cost, the liability for which|is|in the||||||
|Stipends<br>Capital Fund, but the cost is borne by|the DBF|||(358)||358||
|Allocation<br>ofsupport costs back to the unrestricted||fund||(127)|127|||
|Churchgates<br>2000 Limited movement<br>for the year||||22||(22)||
|Other Restricted<br>fund movement||||103|103|||
|Total net transfers|||||230|336||
|4<br>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<br>depreciation<br>at 1january||||||||
|2020||||||||
|Disposals||||||||
|Charge for the year|||||40|||
|Accumulated<br>depreciation<br>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<br>Fixed asset investments||||
||Investment|Quoted||
|Group|properties<br>f.000|investments<br>f000|Total<br>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<br>f000|2000 Ltd<br>f000|investments<br>f000|Total<br>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<br>held|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2019|
|Group|||||||||2020|(restated)||
||||||||||f000||f000|
|Land S.buildings|||||||||3,026||2,956|
|Usted investments<br>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<br>were||||valued||by|Messrs Clarke S.Simpson<br>Chartered|||||
|rveyors|as at 31 December 2019and||||11St||Nicholas Street, Ipswich<br>was revalued|||as|at|
|December 2017 by||Fenn Wright||Chartered|||Surveyors.|The directors<br>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<br>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,<br>whic|h<br>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<br>9|1893|
|Aggregate|share capital and reserves||1 89|1893|




|6<br>Debtors|||||
|---|---|---|---|---|
||2020||2019|(restated)|
||Group<br>f000|Charity<br>f000|Group<br>f000|Charity<br>f000|
|Amounts<br>falling due within one year:|||||
|Trade|112|101|124|120|
|Amounts<br>owed by group undertaking||60||79|
|Collections<br>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<br>Short term|investments|||
|---|---|---|---|
||||2019|
|Group and charity||2020|(restated)|
|||OOOO|f.000|
|Building<br>Funds||353|352|
|Diocesan Stipends|Capital Account|1,282|1,282|
|Diocesan Pastoral Account||47|47|
|Restricted<br>Income|Funds|932|833|
|Unrestricted<br>Funds||4|7|
|Schools' Fund||106|106|
|||2724|2 627|





## 

## 

## 

|8<br>Credito|rs: Am|ounts|falling due wit|hin one year||||
|---|---|---|---|---|---|---|---|
|||||2020||2019(restated)||
|||||Group<br>f000|Charity<br>f000|Group<br>f000|Charity<br>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<br>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<br>lg<br>m 0<br>~g tV|E0<br>a<br>M|K|EI<br>a<br>M|Q<br>I-|E<br>m 80<br>I0<br>cr,4 cv|
||||f000|f000|f000|f000|f000|f000|
|Diocesan<br>Pastoral Account|||487|8|(47)|||448|
|Schools fund<br>Schools fund|revaln reserve||1,279<br>187|268|(310)|||1,237<br>227|
|Other|||13|785|(886)||103|15|
|Restricted|||||||||
|Trusts:|||||||||
|Overseas<br>Parish<br>Stipends and|pension trusts||68<br>66<br>57|40<br>11<br>15|(64)<br>(1)|||44<br>76<br>72|
|Church<br>building<br>School trusts<br>Other trusts||trusts|586<br>101<br>154|52<br>39<br>45|(19)<br>(4)<br>(21)|8<br>(5)<br>5||627<br>131<br>183|
|Support costs|||||127||127||
||||2998|1263|1479||230|3060|



|Charity|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||8||||
|||||lO|||||||
|||||C<br>lg~0<br>& cv<br>~g Pv|0<br>E0c|CQ<br>CL<br>X<br>UJ|EIc|I-|4|E<br>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<br>Parish<br>Stipends<br>and||pension trusts||68<br>66<br>57|40<br>11<br>15|(64)<br>(1)||||44<br>76<br>72|
|Church<br>buildings<br>Schools trusts<br>Other trusts<br>Support costs|||trusts|586<br>101<br>154|52<br>39<br>15|(19)<br>(4)<br>(21)<br>127|8<br>(5)<br>5|127||627<br>131<br>183|
|||||2998|1263|1479||230|3060||





## 

|Endowment<br>Funds|Endowment<br>Funds||lO|||||||
|---|---|---|---|---|---|---|---|---|---|
|Group|||C<br>lOn 0<br>v 0<br>4 tv|E0<br>C||E|c<br>lO<br>I-|Ol<br>pEII<br>2 E|E<br>g<br>oI Q<br>~go|
||||EOOO|EOOO|EOOO|EOOO|EOOO|EOOO|EOOO|
|Expendable<br>endowment:||||||||||
|Parsonage<br>houses|fund||7,432||||||7+32|
|Parsonages<br>houses|fund|||||||||
|Revaluation<br>reserve|||37,186|||||90|37,276|
|Schools funds|||768||||||768|
|Schools funds revaln||reserve|1497|||125|||1622|
||||46~3|||125||90|47,098|
|Permanent<br>endowment:||||||||||
|Diocesan Stipends|fund||17,588|30||456|336|(14)|18,396|
|Diocesan Stipends|fund|||||||||
|Revaluation<br>reserve|||4,662||||||4+62|
|Ordination<br>trusts|||35|||3|||38|
|Parish trusts|||338|||22|||360|
|Stipend and pension trusts<br>Church<br>building<br>trusts|||709<br>1~2|||24<br>107|||733<br>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<br>lO~o||||||OlO|
||||H<br>CV<br>Q Pv|C<br>W|ILl|S|I||W<br>CV<br>e0<br>C rv|
||||EOOO|EOOO|EOOO|EOOO|EOOO|EOOO|EOOO|
|Expendable<br>endowment:||||||||||
|Parsonage<br>houses|fund||7+32||||||7,432|
|Parsonages<br>houses|fund|||||||||
|Revaluation<br>reserve|||37,186|||||90|37,276|
|Schools funds|||768||||||768|
|Schools funds<br>revaln||reserve|1497|||125|||1622|
||||46,883|||125||90|47,098|
|Permanent<br>endowment:||||||||||
|Diocesan Stipends|fund||17,546|30||456|336|8|18,376|
|Diocesan Stipends|fund|||||||||
|Revaluation<br>reserve|||4,532||||||4,532|
|Ordination<br>trusts|||35|||3|||38|
|Parish trusts|||338|||22|||360|
|Stipend and pension trusts|||709|||24|||733|
|Church<br>building<br>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<br>by the|||
|||||Bishop and Diocesan Board of Finance. The funds|can be||
|||||used for the following:|||
|||||~<br>Costs incurred<br>for the purpose ofthe Measure|or any||
|||||scheme or order, excepting<br>any salaries or wages.|||
|||||~<br>Costs of disposing<br>ofor maintaining<br>houses or churches|||
|||||vested<br>in the Diocesan<br>Board of Finance or|||
|||||Commissioners|||
|||||~<br>For the benefit of another<br>Diocese|||
|||||~<br>Transfer monies<br>surplus<br>to the above to any other fund|||
|||||ofthe board.|||
|Schools fund|||||||
|Restricted Income||||Subject to Section 17ofthe Education<br>Act 1993the funds|||
|||||can be used for:|||
|||||~<br>The purchase,<br>construction,<br>maintenance<br>and|||
|||||improvement<br>of any school or teacher's<br>house|in the||
|||||relevant<br>area|||
|||||~<br>The provision ofadvice, guidance,<br>and resources for the|||
|||||management<br>of schools<br>in the area|||
|||||~<br>Inspection<br>of relevant<br>schools<br>in the area|||
|Expendable|endowment|||This fund is comprised<br>ofthe sale proceeds of redundant|||
|||||Church of England<br>school premises,<br>teachers'<br>houses and|||
|||||associated<br>endowments<br>which have been vested|in the||
|||||Board of Finance by Orders under the Education<br>Acts 1994|||
|||||and 1973.|||
|||||The use ofthe fund<br>is restricted<br>under Section 17ofthe|||
|||||Education<br>Act 1993.|||
|Restricted|Income|||Sundry<br>receipts for specific purposes ofthe Board|of Finance||
|||||and Diocesan activities.|||
|TfUsts|||||||
|Ordination|trust|||To defray general<br>and specific costs of ordinands'|training||
|||||and expenses.|||
|Overseas trusts||||To assist with mission<br>in Rwanda<br>and the Diocese|of Kagera||
|Parish trusts||||To defray various costs in specific parishes. These|are||
|||||included<br>in the diocesan accounts as the Board of Finance||is|
|||||the trustee<br>responsible<br>for the management<br>ofthe assets||in|
|||||addition to being the custodian<br>trustee.|||
|Stipends and pension|||trusts|For the augmentation<br>of particular<br>benefices and|stipends|in|
|||||general.|||
|Church<br>building||trusts||For the maintenance<br>ofchurches<br>in the Diocese.|||
|Schools trusts governors||||For the use of specific schools as directed<br>by those schools.|||
|Other trusts||||Sundry trusts for various<br>purposes<br>ofthe Board of Finance|||
|||||and diocesan<br>mission.|||





## 



## 

## 

|Group||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||III|||Q|aQ||eg||Ch<br>Ill &|
||||~o 8<br>N<br>VOO<br>Ceo~|Ill<br>EO<br>C<br>M||c<br>4l<br>CL<br>)C<br>IlJ|EV<br>Cl)c<br>M|III<br>c|& O<br>cl E||Q<br>E<br>M<br>Ill 5<br>Pl<br>M<br>Ill<br>Ol<br>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<br>lo<br>V<br>~8<br>vO<br>~+<br>4 hl ~|Q<br>EO<br>a||a<br>IllO.<br>UJ|E||cia E<br>geo||III OI<br>&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<br>0|7 774|7833||55|296|||4470|





## 

## 

## 

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





## 

||||||4l|||||
|---|---|---|---|---|---|---|---|---|---|
|Endowment<br>Funds|||lO|||||||
|Group|||C<br>lO~e<br>v 0<br>~C N|Ol<br>E0<br>a|DC|Nv<br>oI|||E|
||||f000|f000|EOOO|f000|f000|f000|f000|
|Expendable|endowment:|||||||||
|Parsonage<br>houses fund|||6,664||||||7+32|
|Parsonages|houses fund|||||||||
|Revaluation|reserve||37,182|||||4|37,186|
|Schools funds|||768||||||768|
|Schools funds<br>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<br>trusts|||30|||5|||35|
|Parish trusts|||286|||52|||338|
|Stipend and|pension trusts||632|||77|||709|
|Church<br>building<br>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<br>v 0<br>g cv||CQQ.<br>IU|C||OlovO<br>eE<br>ecv||
||||f000|f000|f000|f000|f000|f000|f000|
|Expendable|endowment:|||||||||
|Parsonage<br>houses fund|||6,664||||||7,432|
|Parsonages<br>houses fund||||||||||
|Revaluation|reserve||37,182|||||4|37,186|
|Schools funds|||768||||||768|
|Schools funds<br>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<br>trusts|||30|||5|||35|
|Parish trusts|||286|||52|||338|
|Stipend and|pension trusts||632|||77|||709|
|Church<br>building<br>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<br>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<br>Analysis|ofnet|assets be|tween<br>funds||||
|---|---|---|---|---|---|---|
|Group|||2020|2020|2020|2020|
||||Unrestricted<br>f000|Restricted<br>f.000|Endowments<br>f000|Total<br>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<br>& 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<br>&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<br>1201|2,688<br>547|4,727<br>246|8,682<br>1994|
|Net current assets||66|2141|4481|6688|
|Total assets less current<br>Creditors )1year|liabilities|4,120|3,060|73,870|81,050|
|Pension scheme liabilities||||217|217|
|Total net assets||4120|3060|73653|80833|
|6<br>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<br>308|2,330<br>202|4,644<br>361|7,590<br>871|
|Net current assets|||2128|4 283|6719|
|Total assets less current|liabilities|4,388|2,998|72I986|80I372|
|Creditors<br>& 1year||||||
|Pension scheme liabilities||||424|424|
|Total net assets||4388|2998|72562|79948|



## 



## 


## 

## 



## 

## 

|Total commi|tments<br>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<br>under non-cancellable|||operating|leases are as follows:|||
||||||2020<br>f000|2019<br>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|



## 



## 

|~<br>Subscriptio|ns<br>to Churc|h Schoo|ls||||
|---|---|---|---|---|---|---|
|Transactions|identified|other|than those|described above include:|||
|Trustee||Relationship<br>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<br>support||
|Edmundsbury|and||||and computer<br>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<br>support<br>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<br>Suffolk Show||
||||||costs||
|The Ven R King||Trustee|of Leading|Your|23,320(2019:ENil) paid to the DBF||
|||Church|into Growth||for training<br>costs||
|The Very Revd 3 P||Trustee|ofthe Cathedral||E1,004 (2019:f15,051) paid by the||
|Hawes|||||cathedral<br>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<br>schools' advisor post||
|Mrs 3 A Sheat||Director|of St||f55,495 (2019:f45,474) paid to the||
|||Edmundsbury<br>and Ipswich|||DBFfor recharged<br>staff and support||
|||Multi Academy Trust|||costs.||
|Mr D M 3 Ball||Trustee|ofWestcott|House|f17,308(2019:f40,165)for tuition||
||||||fees||





## 

|Amounts<br>due (to) and|from related|parties at the year-end|parties at the year-end|(all transactions):||
|---|---|---|---|---|---|
|Trustee / Manager|Relationship<br>and<br>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<br>M Seeley|Bishop's Office|||524|32,853|
|The Ven R E King<br>The Rt Revd j Hawes<br>The Revd Sj Potter|Leading Your Church<br>The Cathedral<br>Office<br>Expenses||into Growth|3,320|(642)<br>(159)|



## 

|||||2020||2019|
|---|---|---|---|---|---|---|
||||Group|Charity|Group|Charity|
||||f000|f000|f000|f000|
|Financial Asseh|||||||
|Measured at Fair Value through<br>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<br>and legacies|||||||||||||
|Parish share|||||6,340|||||6,340||6,353|
|Archbishops'<br>Council|||||183||530||||713|341|
|Other donations|||||125||72||||197|214|
|Charitable<br>activities|||||531||361||||892|637|
|Other trading<br>activities|||||388||||||396|322|
|Investments|||||320||292||||612|530|
|Other income|||||6||||||90|504|
|Total income|||||7+93|1I263|||84|9g240||8901|
|Expenditure<br>on:|||||||||||||
|Raising funds|||||195||||||195|161|
|Charitable<br>activities|||||7713|1|132|||8|5|8 173|
|Total expenditure|||||7908|1|132|||9|040|8334|
|Net Income / (expenditure)||before|||||||||||
|investment<br>gains<br>Net gains/(loss)<br>on investments|||||(15)<br>90||131<br>120|84<br>1748||200<br>1958||567<br>3|
|Net income /(expenditure)|||||75||251|1|32|2|158|564|
|Transfers between funds||||13|(406)|(633)||1,039|||||
|Other recognised<br>gains and||(losses):|||||||||||
|Gains/(Loss)<br>on reclassification||of fixed assets|||(55)||||34||(21)|166|
|Actuarial<br>gains on defined benefit pension|||||||||||||
|schemes||||23||||1109||1109||144|
|Net movement<br>in funds|||||(386)|(382)||4/0|14|3g246||874|
|Reconciliation<br>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<br>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<br>released||from the Benefice Fund into the|||||||||||
|Pastoral Account||||||||(768)||768|||
|Past clergy pension cost, the liability for which<br>is in|||||the||||||||
|Stipends<br>Capital Fund,||but the cost is|borne|by the|DBF|(300)||||300|||
|Allocation<br>of support costs back to the unrestricted|||||fund|(109)|||||||
|Churchgates<br>2000 Limited movement|||for the|year||29||||(29)|||
|Other Restricted<br>fund|movement|||||26||26|||||
|Total net transfers||||||406||633||1039|||





## 

|||||Unapplied||
|---|---|---|---|---|---|
|||||Total||
||||Endowment|Return|Total|
|At 31December 2019:|||f000|f000|f000|
|Trust for permanent<br>endowment|||4,055||4,055|
|Unapplied|Total Return|||2,517|2,517|
|Movements|in the accounting|period||||
|Unapplied|total return<br>allocated to|||||
|income||||||
|At31December 2020:||||||
|Trust for permanent<br>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<br>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<br>reported|adj Ust-<br>ment|Restated|
|Balance sheet|||f000|f000|f000|
|Cash at bank|and|in hand|1,690|447|2,137|
|Unrestricted|fund||3970||4470|