2022-12-31-accounts - St Edmundsbury And Ipswich Diocesan Board Of Finance

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Introduction
Legal objects
Strategic Report
1	Strategic	aims				3
2	Objectives for the year					3
3	Acdvities	and achievements		in the year		3
4	Plans for	the future				11
5	Subsidiaries, related		parties,	and	volunteers	13
6	Financial	review				14
7	Custodian	trustee				17
8	Principal	risks and uncertainties				18
Structure and	governance					19
Trustees' responsibiliges						22
Administrative	details					23
Independent	Auditor's Report					2S
Consolidated	Statement	of Hnanclal	Activities			29
Consolidated	Surnrnary	Income and	Expenditure		Account	30
Group and CharIty 8alance Sheet						31
Consolidated	Cashflow Statement					32
Notes to the Consolidated Cash flow			Statement
Statement of	Accounting	Policies				34
Notes to the Accounts						40

								Total	Total
					unrestricted	Resbict&	Endowed	Funds	Funds
					Funds	Funds	Funds	2022	2021
				Note	6000	6000	6000	6000	6000
Income and endowments	from:
Donaiinns and legades
Parish share					6,072			6,072	6,008
Archbishops' Council					128	1,262		1,390	1,444
Other donations					103	74		177	218
Charitable activibes					536	77		613	536
Other trading activities					579	5		584	440
Investments					316	273		589	623
Other income							137	137	719
Total income					7,734	1,691	137	9,562	9,968
Expenditure on'.
Raising funds					251			251	227
Charitable ac0vilies					7710	1961		9671	8946
Total expenditure					7,961	ir961		9,922	9,173
Net Income / (expenditure)		before
investment gains Net gains/(fosses) on invesbnents					(227) 118	(270) 110	137 1079	(360) 1307	815 1689
Net Income /(expenditure) Transfers between funds					(345) 324	(380) (382)	(942) 58	(1I667)	2,6&}
Other recognised gains and (losses):
Gains/(losses) on reclassification		of	fixed
assets					(300)		429	129	(290)
Actuarial (bases)/gains on defined			benefit
pension schemes Other gains/(losses)				23 36	771		89	89 771	(3)
Net movement in funds					450	(762)	(366)	(678)	2,211
Reconciliation offunds:
Total funds at I )anna ry 2022					4437	3550	75143	83130	80919
Total funds at 31December 2022					4887	2 788	74777	82452	83 130

ar Ended 31Decemb	er 2022
			2022	2021
			6000	EOOO
Total Income (see below)			9,400	9,261
Expenditure (sea below)			9922	9 173
Operating (deficit)/surplus	for the year		(522)	88
Interest receivable			25
Net (losses)/gains on investinents			1307	1689
(Deficit)/Surp! us for the	year		(j.i804)	1,785
Other comprehensive	Income:
Unrealised gain/(losses)	on property		129	(290)
Actuarial gains/(lasses) on defined benefit		pension scheme	89	(3)
Net assets transferred from endowments			137	719
Other gains/(losses)			771
Total comprehensive (expenditure)/Income		for the year	678	2 211

to 68, provides oup.	full informati	full informati	on on the movements d	uring the year	ofthe funds in	the
Iteconcitiatlon	ofSummary		Income and Expenditure	to SoFA	2022	2021
					KOOO	EOOO
Total income per	SoFA				91562	9,988
Less total endowment		additions			(1.37)	(719)
Less interest receivable					25	8
Total statutory income					9400	9261
Total expenditure	per SoFA				9,922	9,173
Less endowment	total	expenditure
Total expenditure	per above				9922	9 173

				Group	Group	Chadity
				2022	2021	2022	2021
			Note	6000	6000	5000	6000
Fixed assets
Tangible assets			14	60/234	60 387	S9/330	59480
Investments			15	14365	15616	15375	16925
				74,599	76,003	74,705	76,405
Current assets
Assets held for resale				1,566	786	1,566	786
Debtors			16	1,154	1,757	1,247	1,762
Inves'trna nts			17	2,781	2,703	2,781	2,703
Cash at bank and in hand				3808	3207	3510	950
				9,309	8,453	9/104	8,201
Creditors: amounts	falling due within one
yea I'			18	1.456	1326	1372	1314
Net current assets				7 BS3	7 127	7732	6887
Total assets less	current	liabilities		82,452	83, i 30	82,437	83,292
Creditors: amounts	falling due after one year
Pension scheme liabilities
Total net assets				82452	83 130	82437	83292
Capital and reserves
Unrestricted fund				2/938	2 488	3/117	2 504
Unrestricted fund revaluation		reserve		1949	1949	1949	1949
			21	4,887	4,437	5,066	4,453
Restricted fund				2/555	3,233	2/555	3,233
Restricted fund revaluation		reserve		233	317	233	317
			21	2/788	3 550	2/788	3550
Endowment fund				31,117	31,591	31,053	31,867
Endowment fund revaluation		reserve		43660	43 552	43530	43 422
			21	74/777	75 143	74/583	75289
				82452	83 130	8 437	83292

		2022	2021
		SOOO	6000
Csshhow Statement:
Cash Inhow/(outhow) from operating activities	(note a)	327	(1,773)
Cash inhow from Investing activities (note b)		274	1,084
Cash flows froin financing activities:
Loans advanced to the Group
Increase/(decrease) In cash and cash equivalents		601	(689)
Net funds at 1 3anuary		3,207	6,599
Net funds at31December (note c)		3808	5910
Notes to the consolidated ceshflow statement
a) Reconciliation ofnet expenditure before Investment
gains to net cash outflow from operating	activities
Net (expenditure)/income		(678)	815
Depreciation		33
(Profit) on dispose! of tangible fixed assets
Returns/ (losses) on investments		1,017	(465)
(Increase)/decrease in assets held for sale		(780)
(Decrease)/increase ln debtors		603	(1,257)
increase/(decreasa) in creditors		130	906
htet cash lnhow/(outhow) from operating	activities	327	1773
b) Cashflows from investing activities
Interest received		25
Investinent Income received		408	457
Receipts from sales of tangible fixed assets		277	1,178
Payments to acquire tangible fixed assets		436	559
Net cash Inflow from investing actlvittes		274	1 084

		January		December
		2022	Cashflow	2022
		EOOD	6000	OOOO
Cash and cash	equivalents:
Cash at bank and	in hand	3,207	601	3(808
Current asset Investments		703	78	2 781
		8(9j.O	679	6,589
Borrowlngs:
Due within one year
Total		89j.O	679	6889

											4	4
												ni
											IN r R
I Parish Share							6000	6000	6000	6000	6000
Parish share requested							7,001			7i001	7,000
Shortfall in contributions							929			929	992
							6072			6072	6	008
2 Archbishops'	Coundl
Selective allocation							108	163		271		269
Strategic Capacity Fund								89		89		43
Strategic Development Strategic MInistry Fund	Fund							716 119		716 119		785 104
Strategic Giving Advisor		Fund						24		24		37
Strategic Transformation			Fund					101		101
Ministry Hardship Fund								50		50
PCR2 Funding							20			20		10
Sustainability Funding							128	I262		I390	1	196 444
3 Other donations
8enefact Trust							99			99		103
Donations							4	74		78		11S
							103	74		177		218
4 Charitable	activities
Sta'tutory fees and chaplaincy				income			441			441		436
Miscellaneous income							95	77		172		100
							536	77		613		S36
5 Other trading			activities
Rental income from parsonage,					glebe	l% 8oard
Houses							518			518		370
St Nicholas Centre							13			13		13
Other							48	5		53		57
							579			584
6 Investments
Dividends receivable							IS3	2SS		408		457
Interest receivable							24	I		25		8
Rents receivable							139	17		156		158
							316	273		589		623
7 Other Income
Gains on disposal of property				/	fixed	assets			137	137		719
									137	137		719
8 Raising funds
Cost of renting out parsonage,					glebe,	and
6oard Houses							61			61		S6
St Nicholas Centre costs		of sales					50			50		68
investment property costs							119			119		84
Net interest cost of clergy			pension									1
Support costs							21			21		18
							251			251		227

				e	p		j	4
				f000	f000	f000	f000	6000
9 Charitable activities
Contributions to the Archbishops'		Coundl:
Training for ministry				292	-	-	292	281
Nab'onal Church Responsibilities				154	-	-	154	176
Mission Agency pension contributions				10			10	11
Retired cfergy housing costs (CHARM)				95			95	93
Pooling of ordinand candidates'		costs		268	163	-	431	368
Other				21	-	-	21	21
				840	163	-	1,003	950
Parochla! ministry:
Ministry stipends &pensions Housing: repairs &renewals				4,137 331	293 125	- -	4,430 456	4,368 441
Housing: rates, council tax &administration				389	-	-	389	402
Other expenses				607			607	22S
				5,464	418		5,882	5,436
Other minls'try &mission:
Mlnfstry education Ik training				232	—	-	232	184
Education, youth &children's ministry Specialist ministry &church buildings				134 406	268 950	— —	402 1356	370 1268
				772	1,218		1,990	1,822
Support costs				634	162		796	738
				7710	1961	—	9671	8946
10 Grants payable In 2022
				Unrestricted		Restricted	Endowment
					funds f000	funds f000		funds f000
General grants payable 1nstltutlonal grants greater than f1,000to
support the work ofthose Institutions:
Archbishops' Council					840	163
Churches Together In Suffolk					2
Other Trusts for the purposes		detailed	In the
Individual trust docurnentsi'
Diocese of Kagera						15
Ngara Primary School
Kagera Christian Training College						12
Kagera CCMP						10
Grants to individuals and others	less than f1,000				117	8
					959	208

									Total	Tots I
				unrestricted		Restricted		Endowment	funds	funds
					Funds		funds	funds	2022	2O21
					f000		f000	f000	f000	f000
Costs of raising funds					21				21	18
Charitable activities					501		162		753	705
Governance Costs					33				33	33
Total					655		1.62		817	756
Surplus / (deficit)	for the year			isstated alter	charging:			2022 f000		2021 f000
General office costs:
Depreciation								35		40
Staffcosts								303		305
Office running costs								275		210
Professions Ifees								183		120
Governance costs:
Audit - Lovewell Blake										24
Other
Secretariat
12 Remuneration		and staff and trustee			details
Staiy payroll costs during		the year were as follows;						2022 f000		2021 f000
Wages and salaries								1,524		1I384
Social security costs								154		133
Pension costs —regular								86		63
Costs charged to SoFA								1,764		1,580
pension costs -deficit reduction								2		6
Tata I payroll cos'ts								1766		1586
The average full-time function was;	equivalent		number of employees,			analysed	by	2022		2021
Resourclng ministry	and	mission						34.9		32.1
Education								S.S		5.5
Governance								1.9		2.0
Support								7.8		5.4
								50.1		45.0
The average number	of	employees		during the year	was:			51.0		45.8

			2022	2021
f70,000 - f60,000			I	2
EBO,OGO - f90,000			1
f90,000 - f100,000
Pension contributions	paid in respect ofthese	staif were f8,108(2021:f12,362).
Stipended office holders not employees		(fuli time equivalents)	2022	2021
Archdeacons			3.0	3,0
Parochial clergy			90,1	95.4
Other oNce holders			6,5	4.s
Curates			19.0	18.0
			118.6	120,9
At a cost of			f000	f000
Stipends			3(252	3I296
Employer hlational insurance			323	303
Apprenticeship Levy			17	17
Pension cost current	year		912	94G
Costs charged to SoFA			4(504	4,556
Pension costs deOcit	reduction		126	216
Total stipendiary costs			4 630	4 772

muneration, pensions, and expenses f	or these 5employees (2021:7)was as fo	llows:
	2022	2021
	f000	f000
Sahries	288	398
Pensions	12	18
	300	416
Expenses

Office Holder	Office Holder	Trustee		Stl	endia acka e
Diocesan	Bishop	The Rt Revd	M Seeley	Funded by the Church Commissioners:
				~	E46,640 stipend for 2022/23
					(f46(1802021/22)
				~	Defined benefit pension	scheme,
				~	Living accommodation.
				s	Car.
Suffragan		The Rt Revd Dr M Harrison		Funded by the Church Commissioners:
Bishop					f38,050 stipend For 2022/23
					(E37,6702021/22)
				~	Defined benefit pension	scheme.
				~	Car
				Funded by the DBF:
				~	Livin accommodation
Archdeacons		The Ven Dr DJenkins		Funded by the DBF:
		The Ven R King		~	f37,006 stipend for 2022/23
		The Ven 3Gosney			(E36,281 2021/22)
				~	Defined benefit pension	scheme.
				s	Living accommodation
				~	Car
Parochial		Revd Canon S3 Potter		Funded by the DBF:
ministers		Revd C Cook	(from 17(s	~	E27,121stipend for 2022/23
		November 2022)			(E26,589 2021/22).
		Revd Canon C Childs			Defined benefit pension	scheme.
		Revd P Clarke		~	Living accommodation
		Revd JThackra

3 Transfers bet	ween fun	ds in 202	2
				Un-			Total
				reetriCted	Reetrioted	Bedew't	2022
				6000	6000	6000	6000
Past dergy pension cost,	the liability for which is in		the
Btipends Capital Fund, but the cost is		borne by the	DBF	(128)		128
Transfer ofTotal Return	Funds to unrestricted			410		(410)
Alkrcatiun ofsupport costs back tothe		unrestricted	fund	(162)	162
Churchgates 2000 Limited movement		for the year		(340)		340
Transfer from OPA Fund	to unrestricted			565	(565)
Other Restrkted fund movement				21	21
Total nat transfers				324	382	58

			Freehold	Fixtures
			land ai	Oi
Oroup			buildings	fittings	Total
			6000	6000	6000
Cost / Valuab'on at 1January 2022			60,246	565	60,811
Additions			403	34	437
Revaluations			521		521
Transfers (to)/ from current assets at
IIIRV			(921)		(921)
Transfer to	Fixed Asset investments		(155)		(155)
Dispose ls
Cost / Valuation at 31December 2022			60,094	599	60,693
Accumulated	depreciation	at 1January
2022				424	424
Dispose la
Charge for	the year			35	35
Accumulated	depreciation	at 31
December 2022				459	459
Net Book Value at 31December 2022			60 094	140	60 234
Net Book Value at 31December 2021			60 246	141	60387

			Freehold
			land lk	Fixtures 8
Charity			buildings f000	'Attlr19 s f000	Total f000
Cost / Valuation at 1)anuary		2022	S9,346	428	59(774
Additions			403	34	437
Revaluations			521		521
Transfers (to)/ from current		assets at
hiRV			(921)		(921)
Transfer to Rxed Asset fnvestments			(155)		(155)
Dispose Is
Cost / Valuation at 31December 2022			59,194	462	59,656
Accumulaied depreciation	at	1)anuary
2022
Disposals
Charge for the year				32
Accurnuhted depreciation	at	31
December 2022				326	326
Net Book Value at 31December 2022			59194	136	59330
Net Book value at 31 December 2021			59346	134	59480
Group and charity
None of the above properties		are held under leasehold.		included in the above are assets
leased to third parties at	31	December 2022: group and		charity f13.1m (2021:f14.3m).

15 Fixed asset Investments	15 Fixed asset Investments	15 Fixed asset Investments
			Investment			t2uoted
Group			properties f000		Investments f000		Total f000
Valuation	at 1)anuary	2022		2(854		12,762	15,616
Additions
Revaluations Transfer from Tangible		Fixed Assets		89 155		(1(495)	(1(406) 155
Disposals
Valuation	at 31December 2022			3098		11267	14365
Historica	Icost at 31December 2022			1781		4905	6686
The Investment properties relate to glebe land and investment					properties.
Charity			Investment pro peruse f000	Church gates 2OOO Ltd f000		Quoted Invesbnents f000	Total f000
Valuation	at 13anuary	2022	2,363		1,800	12,762	16,925
Additions
Revaluations Transfer from Tangible		Fixed Assets	90 155		(300)	(1,495)	(1,705) 155
Disposals
Valuation	at 31 December 2022		2608		j.500	11267	15375

HIstortral cost	at	31December	2022		3400	9019
Investments	held
Group					2022	2021
					EOOD	E000
land 8.buildings					2,943	2,853
Listed Investments		and common	Investment	funds:
Central Board Central Board	of of	Finance Invesbnent Fund Finance Property Fund			9,930 1,278	11,249 1,448
Other					214	66
					14365	15616

luation is a reas	onabl	e estimat	e	ofthe	properties' fair v	alue as at 31 December	2022.
Charity						2022	2021
Land 8buildings						f000 2(453	f000 2,363
Shares in Churchgates		2000 Limited				1,500	1,800
Lisled investments	and	common	investment		funds:
Central Board of	Finance Investment			Fund		91930	11,249
Central Board of	Finance Property			Fund		1,278	1,448
Other						214	65
						15373	16925

					2022	2021
Churchgates	2000 Limited year		to31December 2022		f000	F.000
Gross income					131	123
Expenditure					50	68
Net profit Loss on Investment GIR aid payable to		property fair valve St Edmundsbury	adjustment and ipswich	Diocesan	81(.)	55 (290)
Board of Finance					143

The assets	and liabilities of the subsidiary	and liabilities of the subsidiary	were:
				2022	2021
				6000	6000
Fixed assets				1,394	1,397
Current assets				306	307
Creditors:	amounts	falling due within one	year	108	50
Net assets				1592	1654
Aggregate	share capita Iand reserves			1592	1654

			2022			2021
			Group	Charity	Group		Charity
			6000	6000	6000		6000
Amounts	falling	due within one year:
Trade			151	145		497
Amounts	owed by	group undertaking		102			16
Collections in progress —parish share			340	340		260	260
Other debtors			551	548		741	741
Prepayments			14	14		15	15
Accrued	income		98	98		244	244
			1154	1247	1	757	1762
17 Short term		investments
Group and charity					2022		2021
					6000		%000
Building	Funds				358		354
Dkxxsan	Stlpends	Capital Account			1,282		1,282
Diam'.san	Pastoral Account				48		47
Restricted Income		Funds			982		910
Unrestricted Funds					5		4
Schools'	Fund				106		106
					781		2 703

			2022		2021	2021
			Group 6000	Charity 6000	Group 6000	Charity 8000
Trade creditors			291	288	199	196
Social security			37	38	36	36
Other creditors			716	638	670	680
Accruals and income received		in advance	412	408	203	184
Clergy pension scheme	liabilities				218	218
			1 66	1372	1326	1314

19	Credito	rs	: A	mou	nts falling due afb.	r one year
							2022		2021
						Group 6000	Charity 8000	Group 6000	Charity 6000
Clergy pension			scheme		liabilities 2-5 years
20	Deferred		Inoome
							2022		2021
							6000		8000
Deferred	Income	brought		forward			46		29
income	deferred	in	year				256		44
income	released	In	year				31		27
Deferred	income	carried		forward			271		46

			5e	4I G					."jn
			KOOO	KOOO	KOOO	KOOO	KOOO	KOOO	KOOO
General reserve			1,183	7,734	(7,961)	(118)	324	471	1,633
Fixed asset	reserve		1,305						1,305
Fixed asset	revaluation	reserve	1,541						1,541
Investment	revaluation	reserve	408						408
			4437	7 734	7961	118	324	471	4887

			KOOO	KOOO	KOOO	KOOO	KOOO	KOOO	KOOO
Genera I reserve			1,199	7(602	(7,910)		150	771	1i812
Fixed asset	resewe		1,305						1,305
Fixed asset	revaluation	resewe	1,541						j.i541
Investment	revaluation	reserve	408						408
			4453	7602	7910	-	150	771	5066

									8
										sion
					6000	6000	6000	6000	6000	6000
DIocesan Pastoral Acmunt					734	6	(126)		(565)	50
Schools fund Schools fund	revaln			resenre	1,226 317	282	(268)	(84)		1,209 233
Other					46	1,276	(1,293)		21	47
Restricted
Trusts:
Overseas Parish Stipends and	pension			trusts	63 86 88	19 12 18	(44) (2)			38 96 106
Church building School trusts Other trusts Support costs		trusts			665 143 184	60 20 28	(47) (4) (14) 162	(15) (11)	162	663 159 187
					3550	1691	1961	110	382	2788
Charity
								I
										„c„
					6000	8000	6000	6000	6000	6000
Diocesan Pastoral			Account		734	6	(126)		(565)	50
Schools fund					1,225	252	(268)			1r209
Schools fund Other	revaln			reserve	317 49	1,276	(j.,295)	(84)	21	233 47
Restricted
Trusts:
Overseas					63	19	(44)			38
Parish Stipends and	pension			trusts	86 88	12 18	(2)			96 106
Church buildings Schooh trusts Other trusts Support costs			trusts		665 143 184	60 20 27	(47) (4) (14) 162	(16) (11)	162	663 169 187
					3930	1691	1961	110	382	788

Endowment Funds	Endowment Funds				a
			e~ rv		v
Group			ZR EOOD	f000	f000	6000	6000	EOOD	EOOD
Expendable endowment:
Parsonage houses	fund		7,432						7/32
Personages houses	fund
Revaluagon reserve			36i925					429	37,354
Schools funds			768						768
Schools funds revaln		remrve	965			321			1644
			47490			(321)		429	47i198
Permanent endowment:
Diocesan Stipends	fund		19,203	137		(256)	58	89	19,231
Diocesan Supe nds	fund
Revaluation reserve			4,662						4,662
Ordination tmsts Parish trusts			44 410			(5) (49)			39 361
Stipend and pension		trusts	840			(96)			744
Church building tmsts			1,787			(221)			1,566
School trusts			738			(86)			652
Other trusts			369			45			324
			28053	137		758	58	89	27579
			75143	137		1079	58	518	74 777
Charity
			I
			~ w
			ww
			~A
			f000	6000	f000	6000	f000	EOOD	f000
Expendable endowment:
Parsonage houses fund			7,432						7+32
Personages houses	fund
Revaluabon reserve			36I925					429	37,354
Schools funds			768						768
Schools funds revaln		resewe	1965			321			1644
			47,09ID			(321)		429	47,198
Permanent endowment:
Diocesan Stlpends fund			19,479	137		(256)	58	(251)	19,167
Diocesan Stipends fund
Revalualion reserve			4,532						4,532
Ordination trusts Parish tmsts			44 41D			(5) (49)			39 361
Stipend and pension	trusts		840			(96)			744
Church building trusts			1,787			(221)			1,566
School trusts Other trusts			738 369			(86) 45			652 324
			28199	137		758	58	251	27385
			75289	137		1079	58	178	74583

Resb icted	Income	Income		These funds arise from provision of' the Mission and Pastoral	These funds arise from provision of' the 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 ofdisposing ofor maintaining houses or churches
				vested in the Diocman Board of Finance or
				Cornrnissloners
				~ 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 ofschools in the area
				~ Inspection of relevant schools in the area
Expendable	endowment			This fund is comprised of the 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 of the fund is restricted under Section 17ofthe
				Education Act 1993.
Restricted	Income			Sundry receipts for specihc purposes ofthe Board ofFinance
				and Diocesan activibes.
Trusts
Ordination	trust			To defray general and specific costs ofordinands' training
				and expenses.
Overseas trusts				To assist with mission in Rwanda and the Diocese of Kagera.
Parish trusts				To defray vadious costs in speciTic parishes. These are
				included in the diocesan accounts as the Board of Finance	is
				the trustee responsible for the management of the assets in
				addition to being the custodian trustee.
Stipends and pension			trusts	For the augmentation of particular benefices and stlpends	in
				general.
Church building		trusts		For the maintenance of churches in the Diocese.
Schools trusts governors				For the use ofspecific schools as directed by those schools.
Other trusts				Sundry trusts for various purposes ofthe Board ofFinance
				and diocesan mission.

Diocesan	Stipends
Restricted	Income	Subject to any charges imposed by the Scheme or Order the
		fund shall be applied to:
		~ Provide or augment stlpends of incumbents, assistant
		curates and others engaged in the cure ofsouls in the
		Diocese
		~ Meet expenses incurred in repairing and maintaining
		parsonage houses
		~ Paying secondary class 1contributions in respect of
		ministers not employed under a contract ofservice
		~ Defray sequestrators' expenses.
		Restricted monies credited to the DSF Income accounts are
		supplemented by unrestricted monies which form the
		majority of monies credited to the account.
Permanent	Endowment	This fund represents the value ofglebe property and
		investments at the balance sheet date. The account is
		governed by the Diocesan Stipends Fund Measure 1953as
		amended by the Endowments and Glebe Measure 1976,the
		National Institutions Measure 1998and the Miscellaneous
		Provisions Measure 1992.Income can arise from the sale of
		glebe assets, the transfer of parsonage sale money, transfers
		f'rom the Diocesan Stipends Fund income account, as well as
		gifts, bequests, and donations.
		The main function ofthe fund is to provide Income for
		stipends, but it may also be used for other purposes
		Including:
		~ Acquiring glebe property
		~ Investing iln a subsidiary
		~ Developing and protecbng glebe amenities
		~ Investments
		~ Discharging loans and levies on glebe land and properties
		~ Improving parsonage houses
		~ Discharging any loans made by the Church
		Cornrnissloners under the Endowment and Glebe
		Measure 1976
Parsonage	Houses Fund
Fxpendable	Endowment	This fund represents the value of benefice houses at the
		balance sheet date, together with the parsonages building
		funds which were previously held by the Church
		Cornrnlssioners but are now held by the Diocesan 8oard of
		Finance in discrete deposit accounts. The houses are used to
		provide accommodation for the parochial clergy.
		The diocese is not free to dispose ofthese houses except in
		accordance with the appropriate measures. There is a
		provision for the net proceeds of sale to be applIed either to
		the Diocesan Pastoral Account or the Diocesan Stipends
		Capital Fund.

			f000	f000	f000	f000	f000	f000	f000
General reserve			802	7,650	(7,420)	232	209	(290)	1,183
Fixed asset	reserve		1,305						1,305
Fixed asset	revaluation	reserve	j.i541						1,541
Investment	revaluabon	reserve	408						408
			4 056	7650	7420	232	209	290	4437

			f000	f000	f000	f000	FOOO
Genera I reserve			866	7,527	(7i352)	158	1i199
Fixed asset	reserve		li305				1,305
Fixed asset	revaluation	reserve	1,541				1,541
Investment	revaluation	reserve	408				408
			4 120	7527	7352	158	4453

			f000	fOOO	f000	f000	f000	f000
Diocesan Pastoral Account			448	12	(77)		351	734
Schools fund Schools fund	revaln reserve		1,237 227	248	(260)	90		1,225 317
Other			15	1,144	(1,129)		15	45
Restricted
Trusts:
Overseas			44	64	(45)			63
Parish Stipends and	pension trusts		76 72	1.0 16	(1.)			86 88
Church building School trusts Other trusts Support costs		trusts	627 131 183	52 19 54	(30) (7) (63) 141	10	141	665 143 184
			3060	1619	1753	117	507	3550

		ar
		rs
		rs rv
		f000	f000	f000	f000	6000	f000
Diocesan Pastoral Account Schools fund Schools fund revaln reserve		448 1,237 227	12 248	(77) (260)	90	351	734 1,225 317
Other		15	1,144	(lr129)		15	45
Restricted
Trusts:
Overseas		44	64	(45)			63
Parish Stipends and pension trusts		76 72	1.0 16	(1)			86 88
Church building School trusts Other trusts Support costs	trusts	627 131 183	52 19 54	(30) (7) (63) 141	10	141	665 143 184
		3060	1619	1753	117	507	3 550

Endowment Funds
								3J
		~i er
Group
		f000	6OOO	f000	6000	f000	f000	6000
Expendable endowment:
Parsonage houses fund		7/32						7332
Parsonages houses fund
Revaluation reserve Schools funds		37,276 760				(351)		36,925 768
Schools funds reva In	reserve	1622			343			1965
		47i098			343	(351)		47,090
Permanent endowment:
Olocesan Stipends fund Olocesan Slipends fund		18,396	719		456	(365)	(3)	19i203
Revalualion reserve Ordination trusts		4,662 38			6			4,662 44
Parish trusts		360			50			410
Stipend and pension	trusts	733			107			840
Church building trusts		1,549			238			1I787
School trusts		645			93			738
Other trusts		322			47			369
		26705	719		997	30$	3	20053
		73803	719		1340	716	3	75 143
Charity
		i a
		f000	f000	EOOO	f000	f000	f000	f000
Expendable endowment:
Parsonage houses fund		7A32						7r432
Personages houses fund
Revaluation reserve		37,276				(351)		36,925
Schools funds		768						768
Schools funds revaln	reserve	1622			343			1965
		47490			343	(351)	~	47,090
Permanent endowment:
Oiocesan Stlpends fund		18,376	719			(365)	293	19/79
Diocesan Stlpends fund
Revaluahon reserve		4,532						4,532
Ordination trusts		38			6			44
Parish trusts		360			$0			410
Shpend and pension dusts		733			107			840
Church building dusts		1,549			238			1,707
School trusts		645			93			738
Other dusts		322			47			369
		26 555	719		997	365	293	28199
		73653	719		1340	716	293	75289

Section 28.11AofFRS 102 requires agreed deficit recovery	Section 28.11AofFRS 102 requires agreed deficit recovery	payments		to be recognised	to be recognised	as
a liability. However as there are no agreed deficit recovery		payments		from 13anuary
2023 onwards, the balance sheet liability as at 31 December		2022 is		nil. The movement		in
the balance sheet liability over 2021 and over 2022 is set	out in the		table below.
				2022		2021
Balance sheet Ilabii!ty at 13anuary				217(000		435,000
Deficit contribution paid		(128(000)			(222,000)
interest cost (recognised in SoFA)						1,000
Remaining change io the balance sheet liability* (recognised	in		(89,000)			3,000
SoFA)
Balance sheet liabili at 31December						217000

		December 2022	December 2021	December 2020
Discount rate		n/a	0,0'Yo pa	0.2'%%d pa
Price inflation		n/a	n/a	3.V%%d pa
Increase to total pensionable	payroll	n/a	-1.5'Yo pa	1.6% pa

5 Analysts	ofnet	assets be	tween funds
Group			2022	2022	2022	2022
			Unrestricted	Restricted	Endowments	Tote I
			EOOO	EOOO	EOOO	EOOO
Fixed assets
Tangible assets			2,352		57(882	60(234
Investments			1796		11642	1.4365
			4,148	927	69,524	74,599
Currerit assets
Assets for resale					1,566	1,566
Debtors			580	565	9	1,154
Investments			6	1(1.36	j.(639	2,781
Cash at bank and	in hand		895	867	046	3808
Creditors (1year			1+81 742	2,568 707	5,260 7	9,309 1 56
Net current assets			739	1861	5 253	7853
Total assets less	current	liabilities	4(887	2,788	74,777	82(452
Creditors &1year
Pension scheme	liabilities
Total net assets			4887	2 788	74 777	8 452

Charity			2022	2022	2022		2022
			unrestricted	Restricted	Endowments		Total
			EOOD	EOOD	EOOD		EDDO
Fixed assets
Tangible assets			2,3S2		56,978	59(330
Investments			1796	927	1 652	15375
			4(1.48	927	69,630	74,705
Current assets
Assets for resale					1,S66		1,S66
Debtors			682	565			1,247
Investments			6	1,136	1(639		2(761
Cash at bank and	in hand		895	867	1748		3510
			1,583	2(568	4,9S3		9,104
Creditors &1year			665	707		1372
Net current assets			918	1861	4953		7 732
Total assets less current Creditors )1year		liabilities	5(066	2,768	74,583	82(437
Pension scheme	liabilities
Total net assets			5066	2 788	74 583	8	37

Group			2021	2021	2021	2021
			unreetdCted	Reatrieted	EndOwments	Total
			EOOD	EOOD	EOOD	EOOD
Fixed assets
Tangible assets			2(404		57(983	60(387
Investments			1856	1037	12721	15616
			4,262	1,037	70,704	76,003
Current assets
Assets for resale					786	786
Debtors			989	757	ll	1,757
Investments			4	1,064	1,635	2(703
Cash at bank and	in hand		536	1468	2 275	3207
			457	3,289	4,707	8,453
Creditors c 1year			282	776	268	1326
Net current assets			175	513	4439	7 127
Total assets less	current	liabilities	4,437	3,550	75,143	83,130
Creditors v 1year
Pension scheme	liabilities
Total net assets			4437	3550	75143	83130

Charity		2021	2021	2021	2021
		Vnrastrtcted	Restricted	Endowments	Total
		EOOO	EQOO	EOOO	EOOO
Fixed assets
Tangible assets		2,404		57,076	59+60
Investments		1858	1037	14030	1.6925
		4,262	1,037	71,106	76(405
Current assets
Assets for resale				786	786
Debtors		1,005	757		1,762
Investments		4	1,064	1,635	2,703
Cash at bank and in hand		473	1443	1980	2,950
Creditors (1year		536 348	3,264 751	4,401 218	8,201 1314
hlet current assets		191	2 513	4 183	6887
Total assets less current	liabilities	4,453	3,550	75,289	83,292
Creditors &1year
Pension scheme liabilities
Total net assets		4453	3550	75 289	83292

		2022	2021
		6000	6000
Lend and	buildings where the lease expires:
Group
Within one	year of the balance sheet date		10
In the second to filth years of the balance sheet date			1
Later than	five years
Operating	leases recognised as an expense (group)	13	15

Total commitments under	Total commitments under	Total commitments under	non-cancellable	operating
					2022	2021
					6000	6000
Land and	buildings	where the lease expires,
Company
Within one	year of the balance sheet date				64	72
In the second to fifth		years	of the balance	sheet date	249	249
Later than	five years				57	119
					370

Trustee		Relationship and Related Party	Relationship and Related Party	Transaction
The Rt Revd	M Seeley	Bishop of St Edmundsbury		f13,128(2021:	f20,785)received by
Bishop of St		and Ipswich		the DBFfor admlnlstratlve support
Edmundsbury	and			and computer support services.
Ipswich
The Rt Revd	M Seeley	Trustees ofSuffolk Clergy		fnil (2021:f1,500) paid to the DBF
Bishop ofSt		Charity		for administrative	support and postage
Edmundsbury	and			costs.
Ipswlch, The	Ven Dr
D3enkins, The Ven 3
Gosney
The Ven R King		Trustee of Elizabeth		f500 (2021:fnil) paid to the DBFfor
		Walter Charity		support towards	Suffolk Show costs
Mrs 3 A Sheat		Trustee of Keswick Hall		f60,000 (2021:	f60,000)for grant
		Trust		towards schools'	advisor post
Mrs I A Sheat		Director of St		f67,370(2021:	f65,986)paid to the
		Edrnundsbury	and Ipswich	DBFfor recharged staff and support
		Multi Academy	Trust	cos'ts.

Trustee / Manager	Relationship Related Party	and	2022 f	2021 f
The ven Dr D H Ienkins	Expenses		(244)	(67)
The Ven R E King Mrs J A Shee't	Expenses St Cdmundsbury	MAT	(371)	(2,080)
	Director		5,566	5,334
The Rt Revd M Seeley	Bishop's Office		1,667	3,576
The Ven I Gosney	Expenses			(863)

						2022		2021.
					Group	Charity	Group	Charity
					EOOD	EODO	EOOD	f000
Financfa/~
Measured at Fair Value through				net income/expenditure:
Fixed asset listed investments		(note		15)	ll 267	ll 267	12762	12762
Equity instruments	measured at cost less
impairment:
Current asset unlisted	Investments		(note 17)		2781	2781	2 703	2 703

							Unrestrcted	Unrestrcted	~	~	Endowed	Total Funds	Total Funds	Total Funds
							Funds		Funds		Funds	2021	2020
				Note			E000		EOOO		EOOO	EOOO	5000
Income and endowments	from:
Donations and legaoes
Parish share							6IOOB					6,008	5,994
Archbishops' Council								333	l,ill			1,444	1,500
Other donations								125		93		218		177
Cha rite'ble activities								460		76		536		517
Other trading adlvities								428		12		440		354
lnvestmenl»								296		327		623		591
Other income											719	719		123
Total income							7,650		1,619		719	9,988	9,256
Expenditure on:
Raising funds						8		127				227		163
Charitable acBvlbes						9	7193		1753		~	8946	9	51
Total expenditure							7	20	1753			9173	9	214
Net Income / (expenditure)		before
Investment ga'Ins Net gainV(loss) on investments								230 232	(134) 117		719 1340	815 1689		42 853
Net Income /(expenditure)								462		17	2059	2504		895
Transfers between funds					13			209		507	(716)
Other recognised gains and Gains/(Loss) on reclasslflcatlon		(losses): offixed assets					(290)					(290)		90
Actuarial gains on defined benefit			pension
schemes					23						3	3		14
Net movement in funds								381		490	1,340	2,211		971
Reconciliation offunds:
Tin»i fundS at 1 )anuary 2021							4	056	3	060	73803	80919	79	948
Tots I funds at 31 December 2021							4	37	3	550	75143	83130	80919
34 Prior year:	Analysis oftransfers					between		funds
									un-				Total
								restricted		Itestrf cted		EndovVt	2021
									EOOO		Eooo	Eooo	5000
Past dergy pension mst, the liability for which					is	in	the
Stlpends Capital Fund,		but	the cost is	borne by	the		DBF		(221)			221
Nat value ofBenelice	property sales, purchases				and
improvements released		from the Benefice Fund			into		the
Pas'tora I Account,											351	(351)
Alkrcabon ofsupport costs			back to the unreslnded				fund		(141)		141
Churchgates 2000 Umited			movement	for the yre		r			296			(296)
Loss on reciassificabon		of	fixed assets						290			(290)
Other Restricb:d fund	movement								15		15
Tote I net transfers									209		507	716

					Unapplied
					Total
				Endowment	Return	Total
At31December 2021:				f000	f000	f000
Trust for permanent		endowment		4,055		4,055
Unapplied	Tots! Return				3,396	3(396
Movements	in the accounting		period
2022					(259)	(259)
Unapplied	total return	allocated to
Income					410	410
At31December 2022:
Trust for permanen't		endowment		4(055		4(055
Unapplied	Total Return				727	2 727
Total				4055	2 727	6 782
Held as:
Glebe Land						2(053
Investment	properties					400
Fixed asset inveslvnents						2,601
Current asset investments						1,282
Cash						446
Total				4055	2 727	6 782