#
##
|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|
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|||||||||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|
##
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||||||||||||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|2022|||114|3400|4905|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|Fund||
|---|---|---|---|
|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|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|leases are as follows:|||
|---|---|---|---|---|---|---|---|
|||||||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|
##