|TABLE|TABLE|OF CONTENTS|PAGE NUMBER|
|---|---|---|---|
|Foreword|||3-4|
|Legal Objects||||
|Strategic Report:||||
|Strategic Aims||||
|Activities, Achievements||in the year &Future Plans|7-9|
|Financial<br>review|||11-14|
|Strategic risks and|uncertainties||15-16|
|Structure<br>and Governance|||17-18|
|Trustees'<br>Responsibilities|||19-20|
|Administrative<br>details|||21-22|
|Independent<br>Auditor's|Report||23-25|
|Statement ofFinancial|Activities||26|
|Balance Sheet|||27|
|Cash Flow Statement|||28|
|Notes to the Financial|Statements||29-57|





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||||Value at31|/o of|2022Total|2021Total|
|---|---|---|---|---|---|---|
||||Dec 2022|portfolio|Return|Return|
|CCLA|||f'000||||
|Investment||Fund|20,046|67.2/o|(9.2/o)|17.40/o|
|Property|Fund||1,423|4.8/o|(7.8/o)|19.70/o|
|Deposit|Fund||8,346|28.0/o|1.3o/o|0.05/o|
|Total|||29,815|100.0/o|||





|Risk||||||||||Strategic Overview|
|---|---|---|---|---|---|---|---|---|---|---|
|Growth' &Sustainability||||||||||Acontinued<br>reduction<br>in numbers ofthose involved<br>in our Diocese will|
|Continued|decline<br>in||||the|||||adversely<br>impact<br>all areas of risk e.g. numbers<br>of clergy<br>in parishes,|
|numbers|of in||those|involved|||||in,|laity<br>directly<br>involved<br>in<br>mission,<br>macro/micro<br>economic<br>factors,|
|or supporting,|||the church||||in||any|'relevance'<br>due to controversies/<br>debates at national<br>level, diocesan|
|capacity||||||||||finance<br>due to fewer<br>and<br>less generous<br>givers,<br>volunteers<br>needing|
|||||||||||training<br>such as safeguarding.|
|||||||||||As we look forward<br>it is vital that we continue to discern and invest<br>in|
|||||||||||sustainable<br>models ofministry<br>and mission that will intentionally<br>seek|
|||||||||||to address this decline. Accessing national strategic mission &ministry|
|||||||||||investment<br>funding,<br>working with our new Diocesan bishop from 2023|
|||||||||||to discern a new mission<br>strategy,<br>and continuing<br>to invest<br>in clergy|
|||||||||||and<br>parishes<br>to<br>help<br>them<br>grow<br>their<br>ministry<br>must<br>remain<br>a|
|||||||||||fundamental<br>priority.|
|Safeguarding:||||||||||The Diocese has a Safeguarding<br>Board that is independently<br>chaired|
|Child,<br>ad&&lt||at ~isl',|||or|domestic||||and<br>draws<br>in<br>senior<br>officers<br>from<br>statutory<br>agencies,<br>law<br>and|
|abuse||||||||||education<br>as well as the<br>Diocesan<br>Secretary<br>and the Dean of the|
|There<br>is|an|occurrence|||||of||child,|Cathedral.<br>The Board<br>is responsible<br>for developing<br>Safeguarding|
|adult at|risk,||or domestic|||||abuse||Strategy and an action plan of improvement.<br>The Board is supported|
|by someone|||working|||for||or on||by a Casework<br>Subcommittee<br>(independently<br>chaired).<br>The Board|
|behalf of|the||Church||(in||a|parish||promotes<br>best practice and continuously<br>ensures that the Diocese is|
|or parish-based|||organisation||||||orat|adopting<br>and<br>developing<br>appropriate<br>policy<br>and<br>practice.<br>One|
|the Diocesan||Office)||||||||safeguarding<br>incident<br>was reported<br>to the Charity<br>Commissioners<br>in|
|||||||||||2022.|
|Non'Current||Cases|||||||||
|It comes|to light that||||there||||were|A Safeguarding<br>team,<br>led<br>by<br>a<br>highly<br>qualified<br>and<br>experienced|
|instances|of||abuse||in|the|||past|Safeguarding<br>Manager,<br>promotes<br>best<br>practice,<br>supports<br>those|
|which<br>were|||not|appropriately||||||making<br>disclosures<br>and<br>manages<br>offenders<br>and<br>those<br>under|
|dealt with|by|the Clergy/Diocese||||||||investigation.|
|||||||||||ln 2022 the Diocese undertook<br>further<br>work to review the records it|
|||||||||||holds as part ofits continuing<br>work to review non-current<br>cases as part|
|||||||||||of the national<br>Past Case Review 2 process. No significant<br>concerns|
|||||||||||were identified.|





|Risk||||||||Strategic Overview|
|---|---|---|---|---|---|---|---|---|
|Financial:||||||||The<br>Diocesan<br>Board of Finance<br>(DBF) is supported<br>by a Finance|
|I rrrrce~~alr<br>I~oirr(I of I lnalrce||||||||Committee<br>which regularly<br>reviews its reserves position and cash flow|
|A<br>serious<br>loss||of|||income,|||projections<br>on a quarterly<br>basis to ensure<br>any unexpected<br>losses<br>in|
|investment<br>market||||||crash,||income can be covered whilst remedial<br>actions are undertaken.|
|unforeseen<br>major|expense,|||||fraud,|||
|and theft are all potential||||||serious||The<br>DBF<br>issues<br>comprehensive<br>Financial<br>Standing<br>Instructions|
|financial<br>incidents|for||the||Board.|||identifying<br>levels<br>of delegation,<br>responsibility,<br>and<br>accountability.|
|||||||||These are currently<br>being reviewed to ensure they remain current and|
|||||||||appropriate.|
|||||||||Appropriate<br>measures are in place to ensure that financial transactions|
|||||||||require<br>two signatures<br>and property<br>purchases<br>and major contracts|
|||||||||also<br>require<br>two<br>director<br>signatures<br>in<br>addition<br>to the<br>Diocesan|
|Clrstodlan<br>rrus'tee||||||||Secretary<br>gr Chief Operating<br>Officer. The DBFensures against its most|
|A parish enters major||||||||significant<br>serious<br>incidents<br>and<br>all insurance<br>policies are reviewed|
|expenditure<br>without||sufficient||||||annually.|
|resources, experiences||||fraud,|||has||
|major unforeseen|building|||||or||The DBF offers some advice and support<br>to parishes<br>embarking<br>on|
|staffing issues requiring||||||||major projects or areas ofexpenditure,<br>assisting them<br>in assessing<br>risk|
|significant<br>expenditure.||||||||and appropriate<br>mitigations<br>and<br>will monitor<br>parish<br>accounts,<br>with|
|||||||||deanery assistance, to be alert to any needs and problems<br>arising.|
|People:||||||||The WDBF is responsible<br>for a wide range ofspecialisms<br>and different|
|Employment||||||||disciplines<br>operating<br>in an unusual<br>legal and compliance<br>framework.|
|Significant staff turnover,|||||staff|||Each area<br>requires<br>a high<br>level of expertise<br>and<br>experience.<br>This|
|without appropriate||||||||represents<br>an ongoing organisational<br>challenge,<br>as we seek to recruit|
|qualifications<br>and skills||||mix||for||people with relevant experience<br>whilst also managing<br>expenditure<br>on|
|evolving needs ofthe||DBF|||and|||employed<br>posts. The DBF has been building<br>up a pool ofconsultants,|
|wider Diocese.||||||||partners<br>and colleagues across the wider Church of England<br>who can|
|||||||||provide some level ofcover ifand when required.|
|Appointments|||||||||
|The<br>Diocese<br>fails|to|||make|||the|Investment<br>and improvement<br>in appointment<br>processes have been a|
|right<br>appointments||to parishes||||||priority<br>for the<br>DBF over the recent years.<br>More use<br>is made of|
|and<br>senior<br>positions|||within||||the|targeted<br>testing<br>and assessment,<br>both prior to and during<br>the early|
|Diocese.||||||||stages ofa new employee's<br>appointment.<br>Whilst these processes can|
|||||||||assist and<br>improve<br>appointment<br>processes,<br>the Directors<br>recognise|
|||||||||that many diocesan and parish appointments<br>do not fall under secular|
|||||||||employment<br>legislation<br>and<br>are therefore<br>risks<br>which<br>cannot<br>be|
|||||||||mitigated<br>entirely.|
|Reputation||||||||The Diocese cannot<br>prevent<br>all possible<br>serious<br>incidents<br>across all|
|A serious incident causes adverse||||||||parts ofthe organisation.<br>Ifa serious incident should arise the Diocese|
|publicity<br>and a loss|of|confidence||||||has a policy ofopen and transparent<br>communication,<br>supported<br>by a|
|in the Diocese.||||||||communications<br>team and national<br>Church colleagues.<br>The Diocese|
|||||||||works closely with statutory<br>agencies and will always report serious|
|||||||||incidents<br>to the Charity<br>Commissioners.<br>No serious<br>incidents<br>were|
|||||||||reported to the Charity Commissioners<br>during 2022.|





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|Trustees|||||
|---|---|---|---|---|
|No Trustee<br>had any beneficial|interest|in the company<br>during<br>2022. The following|are the Trustees|who|
|served at any time during 2022|up to the date of this report:||||
|Chair:||Timothy<br>Dakin BA, MTh, PhD - Bishop ofWinchester<br>(retired|||
|||06.02.2022)|||
|Interim Chair:||Alastair Barron BA (Hons), MBA, FSyl (resigned|01.05.2023)||
|||lan Dighe (appointed 01.05.2023)|||
|Exofficio:||Andrew<br>Micklefield<br>BEd (Hons) - Chair ofthe|House ofClergy||
|||Alastair<br>Barron<br>BA (Hans),<br>MBA, FSyl —Chair of the House||of Laity|
|||(from 01.01.2022)|||
|Synod House ofClergy:||Timothy Matthews<br>(from 01.01.2022)|||
|||Rachel Noel (from 01.01.2022)|||
|Synod House ofLaity:||Alison Coulter<br>MA, MSc, MFPH (from 01.01.2022)|||
|||Esther Clift BSc(Hons), MSc, MCSP|||
|||Ian Newman|||
|||Gillian Gray Knight (from 01.01.2022)|||
|Co-opted:||Deborah<br>Sellin (from 27.01.2022)|||
|||David Williams<br>(from 27.01.2022)|||
|||Richard Brand (from 27.01.2022)|||
|||Catherine<br>Ogle (from 27.01.2022)|||
|||Elspeth Mackeggie Gurney (from 10.10.2022)|||
|Senior Staff and Advisers:|||||
|Company Secretary:||Lisa Streeter (resigned 31.03.2022)|||
|Company Secretary:||Colin Harbidge<br>(from 01.04.2022)|||
|Interim<br>Diocesan Secretary:||Colin Harbidge<br>BA (Hons), PGDip, MCMI (from 01.04.2022)|||
|Director of Finance:||Lisa Streeter FCCA, MBA (resigned 07.11.2022)|||
|Director of Education:||Jeff Williams<br>MA, DPhil|||
|Directory of Ministry:||Mark Collinson<br>BSc,MA|||
|Director of Human<br>Resources:||Susan Beckett, FCIPD|||
|Director ofStrategic Development:||Mark Lowman<br>BSc,MBA, PhD, FHEA (resigned|30.06.2022)||





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|||||Unrestricted|Unrestricted|funds|Restricted|Kndovvment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||General|Designated||Funds|Funds|2022|2021|
||||Note|E'000||E'000|E'000|E'000|E'000|E'000|
|Income and endowments|from:||||||||||
|Donations|||||||||||
|Parishes|||2|8,524|||||8,524|8,540|
|Archbishops'<br>Council|||2|192|||1,271||1,463|1,623|
|Other|||2|154|||4||158|227|
||||2|8,869|||1,275||10,145|10,390|
|Charitable<br>activities|||3|680|||42||722|1,906|
|Other trading<br>activities|||4|1,073|||31||1,104|1,109|
|Investments|||5|425|||455|28|930|760|
|Other|||6|187|||||187|669|
|Total||||11,234||22|1,804|28|13,088|14,834|
|fxpenditure<br>on:|||||||||||
|Raising funds|||7|(14)|||||(14)|(20)|
|Charitable<br>activities|||8|{11,025)||(105}|(1,817)|(20)|(12,966)|(13,849)|
|Other|||9||||||||
|Total||||(11,039)||(105|(1,817)|(20)|(12,980)|(13,869)|
|Net income/(expenditure)||before investment|||||||||
|gains||||196||(83)|(13)|8|107|965|
|Net gains on investments||||(406)||(77)|(1,018)|(1,299)|(2,799)|2,946|
|Net income/(expenditure)||||(210)||(159)|(1,031)|(1,291}|(2,692)|3,911|
|Transfers between<br>funds||||15||138)|122||||
|Net (expenditure)/income||after transfers||{195)||(297)|(909)|(1,291)|(2,692)|3,911|
|Other recognised gains/{losses}|||||||||||
|Gains on revaluation<br>of||fixed tangible||||||2,241|2,241|16,310|
|Remeasurement<br>ofpension scheme<br>provision||||12||||90|102|383|
|Net movement<br>in funds||||(183)||(297)|(909)|1,040|{349)|20,603|
|Total Funds at1January||2022||38,411||1,746|11,671|126,989|178,817|158,213|
|Total funds at 31December||2022|18|38,227||1,449|10.762|128,028|178,467|178,816|





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|||Note|Dec 2022|Dec2021|
|---|---|---|---|---|
||||f'000|E'000|
|FIXED ASSETS|||||
|Ta n gib Ie assets|||146,981|147,999|
|Investments||12|22,612|25,449|
||||169I593|173,448|
|CURRENT ASSETS|||||
|Debtors||13|2,710|1,723|
|Cash on deposit|||8,346|5,346|
|Cash at bank and in hand|||1,124|1,908|
||||12,180|8,977|
|CREDITORS: amounts|falling due within one year|14|(1,318)|(771)|
|NET CURRENT ASSETS|||10,862|8,206|
|Total assets less current liabilities|||180,455|181,654|
|CREDITORS: Amounts|falling due after more than one year|15|(1,987)|(2,479)|
|Pension scheme liabilities||20||(358)|
|NET ASSETS|||178,467|178,817|
|FUNDS|||||
|Unrestricted<br>income funds:|||||
|Genera<br>I funds|||38,227|38,411|
|Designated<br>funds|||1,449|1,746|
||||39,677|40,157|
|Restricted funds|||10,762|11,671|
|Endowment<br>funds|||128,028|126,989|
|TOTAL FUNDS||18|178,467|178,817|





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|||||2022|2022|2021|2021|
|---|---|---|---|---|---|---|---|
|||||f,000|f,000|f,000|f,000|
|Cash flows from operating activities||||||||
|Net|cash (used in) operating activities||||(2,079)||(438)|
|Cash flows from investing activities||||||||
||Dividends,<br>interest and rent|from investments||930||760||
||Purchase of property<br>and equipment|||(1,546)||||
||Purchase ofinvestments|||||(1,000)||
||Sale of property<br>and equipment|||4,956||5,078||
||Sale ofinvestments|||73||||
|Net|cash provided<br>by investing<br>activities||||4,413||4,838|
|Cash|flows from financing activities|||||||
||Repayments<br>oflending|||268||235||
||Repayments<br>ofborrowing|||(131)||(356)||
||Cash outflows from new lending|||(256)||(520)||
|Net cash (used in) financing activities|||||(118)||(641)|
|Change in cash and cash equivalents<br>in||the reporting|period||2,216||3,759|
|Cash|and cash equivalents<br>at 1January||||7,254||3,495|
|Cash|and cash equivalents<br>at31December||||9,470||7,254|
|Reconciliation ofnet income to net cash flow from o|||eratin|activities||||
|Net income forthe reporting<br>period (as per Statement|||ofFinancial Activities)||(2,692)||3,911|
|Adjustments<br>for:||||||||
||Revaluation<br>(Gains) on Investments||||2,799||(2,946)|
||Dividends,<br>interest and rent|from investments|||(930)||(760)|
||(Profit) on sale offunctional|assets|||(187)||(662)|
||Decrease/(Increase)<br>in debtors||||(987)||207|
||(Decrease) in creditors||||(83)||(188)|
|Net cash (used in) operating activities|||||(2,079)|~(459||
|Anal|sis ofcash and cash e uivalents|||||||
||Cash on deposit||||8,346||5,346|
||Cash at bank and in hand||||1,124||1,908|
||||||9,470||7.254|





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|Parish C|ontributions|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted||Funds|Restricted|Endowment|Total|
|||General||Designated|Funds|Funds|2022|
|||f'000||f'000|f'000|f'000|f'000|
|Current|Year Apportionment|9,629|||||9,629|
|Shortfall|in Contributions|(1,134)|||||(1,134)|
|||8,495|||||8,495|
|Receipts|for previous years|28|||||28|
|||8,524|||||8,524|
|||Unrestricted||Funds|Restricted|Endowment|Total|
|||General|Designated||Funds|Funds|2021|
|||f'000||f'000|f'000|f'000|f'000|
|Current YearApportionment||9,375|||||9,375|
|Shortfall|in Contributions|(859)|||||(859)|
|||8,526|||||8,516|
|Receipts|forprevious years|24|||||24|
|||8,540|||||8,540|



## 

|Archbisho|ps'<br>Council||||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted||Funds|Restricted|Endowment|Total|
||||General||Designated|Funds|Funds|2022|
||||f'000||f'000|f'000|f'000|f'000|
|Strategic|Development|grant||||527||527|
|Ordinand|Training grant||192|||744||936|
||||192|||1.271||1,463|
||||Unrestricted||Funds|Restricted|Endowment|Total|
||||General<br>f'000|Designated<br>f'000||Funds<br>f'000|Funds<br>f'000|2022<br>f'000|
|Strategic|Development|grant||||2,095||2,095|
|Ordinand|Training grant|||||528||528|
|||||||2,623||2,623|





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## 

|||Unrestricted|Unrestricted|Funds|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|
|||General||Designated|Funds|Funds|2022|
|||f'000||f'000|f'000|f'000|f'000|
|All Churches|Trust|138|||||138|
|Donations||16|||||20|
|||154|||||158|
|||Unrestricted||Funds|Restricted|Endowment|Total|
|||General<br>f'000|Designated<br>f'000||Funds<br>f'000|Funds<br>f'000|2021<br>f'000|
|All Churches|Trust|135|||26||161|
|Donations||63|||3||66|
|||19S|||29||227|



## 

||||Unrestricted|Funds|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|
||||General|Designated|Funds|Funds|2022|
||||f'000|f'000|f'000|f'000|f'000|
|Statutory|fees||484||||484|
|Costs Recharged|||92||||92|
|Insurance|Claims and Property Income||89||||89|
|Development||Project Income|||10||10|
|Miscellaneous||income|||32||47|
||||680||42||722|



|||Unrestricted|Funds|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|
|||General<br>f'000|Designated<br>f'000|Funds<br>f'000|Funds<br>f'000|2021<br>f'000|
|Statutory fees||445||||445|
|Costs Recharged||124||||124|
|Insurance<br>Claims and Property Income||99||||99|
|Development|Project Income|||1,161||1,161|
|Miscellaneous|income|27||40|10|77|
|||695||1,201|10||





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||||Unrestricted|Funds|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|
||||General|Designated|Funds|Funds|2022|
||||f'000|f'000|f'000|f'000|f'000|
|Rental income|on functional|property|1,013||31||1,044|
|Other income|||60||||60|
||||1,073||||1,104|
||||Unrestricted|Funds|Restricted|Endowment|Total|
||||General|Designated|Funds|Funds|2021|
||||f'OOO|f'000|f'OOO|f'000|f'000|
|Rentalincome|onfunctional|property|1,025||||1,057|
|Otherincome|||52||||52|
||||1,077||||1,109|



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|||Unrestricted|Unrestricted|Funds|Restricted|Endowment||Total|
|---|---|---|---|---|---|---|---|---|
|||General||Designated|Funds|Funds||2022|
|||f'000||f'000|f'000|f'000||f'000|
|Dividends|receivable|239||21|437|28||724|
|interest receivable||107||1|18||0|127|
|Rents receivable||79||||||79|
|||425||22||28||930|
|||Unrestricted||Funds|Restricted|Endowment||Total|
|||General|Designated||Funds|Funds||2021|
|||f'000||f'000|f'000|f'OOO||f'000|
|Dividends|receivable|204||20|425|27||676|
|interest receivable||21||||||21|
|Rents receivable||63||||||63|
|||||20|425|27||760|





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|6.OTHER I|NCOME|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted||Funds|Restricted|Endowment|Total|
|||General||Designated|Funds|Funds|2022|
|||f'000||f'000|f'000|f'000|f'000|
|Gains on fixed asset disposals||187|||||187|
|Coronavirus|Job Retention Scheme|||||||
|||187|||||187|
|||Unrestricted||Funds|Restricted|Endowment|Total|
|||General|Designated||Funds|Funds|2021|
|||f'000||f'000|f'000|E'000|E'000|
|Gains onfixed asset disposols||||||358|662|
|Coronavirus|Job Retention Scheme||||||7|
|||311||||358|669|



## 

||||Unrestricted|Unrestricted|Funds|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|
||||General||Designated|Funds|Funds|2022|
||||f'000||f'000|f'000|f'000|f'000|
|Glebe|agent's|fee||||||14|
||||14|||||14|
||||Unrestricted||Funds|Restricted|Endowment|Total|
||||General<br>f'000|Designated<br>OOOO||Funds<br>f'000|Funds<br>E'000|2021<br>f'000|
|Glebe|agent's|fee|20|||||20|
||||20|||||20|





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|||||Unrestricted|Funds|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|
|||||General|Designated|Funds|Funds|2022|
|||||f'000|f'000|f'000|f'000|f'000|
|Contributions<br>to Archbisho||s' Council|||||||
|Training for ministry||||366||||366|
|National<br>Church Responsibilities||||224||||224|
|Grants and provisions||||31||||31|
|Mission Agency Pension Costs||||15||||15|
|Retired clergy housing costs||||||139||139|
|Pooling of ordinands'|maintenance||grant costs|(90)||||(90)|
|||||546||139||685|
|Resourcin<br>Minist|and Mission||||||||
|Stipends and national|insurance|||3,876|45|||3,921|
|Pension contributions||||1,141||||1,141|
|Housing costs||||1,921||4||1,928|
|Removal, resettlement|and other||grants|449||454||903|
|RME Training for ministry||||247||374||621|
|Other expenses||||70||0||71|
|||||7,704|49|832||8,585|
|Support for parish ministry||||872||836||1,708|
|Lay pension deficit provision||||||||0|
|Governance||||1,564|55|10|20|1,650|
|||||10,140|105|1,678|20|11,943|
|Ex enditure on Education|||||||||
|Support for church schools and parishes||||339||||339|
|||||11,025|105|1,817|20|12,966|



## 

|Anal<br>sis ofGovernance|Costs|2022|2021|
|---|---|---|---|
|||f'000|f'000|
|CentralSupport||831|534|
|Finance (incl. auditor fees)||318|237|
|HR||256|341|
|Diocesan Office||147|398|
|Registrar Costs||98|117|
|||1,650|1,627|





## 

## 

## 

|8.CHARITABLE AC|TIVI|TIES|EXPENDITURE (co|ntinued)|ntinued)||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Funds|Restricted||Endowment|Total|
|||||General|Designated||Funds||Funds|2021|
|||||E'000||E'000|f'000||E'000|E'000|
|Contributions<br>toArchbisho||s' Council|||||||||
|Training for ministry||||366||||||366|
|National Church Responsibilities||||256||||||256|
|Grants and provisions||||69||||110||179|
|Mission Agency Pension Costs||||16||||||16|
|Retired clergy housing|costs|||||||140||140|
|Pooling ofordinands'maintenance|||grant costs|(118)||||||118)|
|||||589||||250|||
|Resourcin<br>Minist<br>and Mission|||||||||||
|Stipends and nationalinsurance||||3,721||265||222||4,208|
|Pension contributions||||1,125||14||33||1,172|
|Housing costs||||1,353||24||||1.377|
|Removal, resettlement|and|other|grants|229||8||5||242|
|RME Training for ministry||||289||||434||723|
|Other expenses||||322||||12||334|
|||||7,039||311||706||8,056|
|Support forparish ministry||||1,026||28|1,927|||2,981|
|Lay pension deficit provision|||||||||||
|Governance||||1,3S8||222||||1,627|
|||||9,453||561|2,650|||12,664|
|Ex enditure on Education|||||||||||
|Support forchurch schools and parishes||||345|||||||
|||||10,3S7||561|2,900|||13,848|
|Anal sisof Ex enditure-2022|||||||||||
||||||Activities||Grant||Support|Total|
|||||Undertaken|||Funding|of|Costs|2022|
||||||Directly||Activities||||
||||||f'000||f'000||f'000|f'000|
|~Raisin<br>funds|||||||||||
|investment<br>management||costs|||14|||||14|
|Direct Fundraising|||||||||||
|Conference<br>Centre|||||||||||
|Charitable<br>Activities|||||||||||
|Contributions<br>to Archbishop's|||Council||||685|||685|
|Resourcing<br>ministry|and|mission|||9,441||794||1,708|11,943|
|Education|||||339|||||339|
||||||9,794||1,479||1,708|12,9&0|





## 

## 

## 

|Anal siso<br>Ex enditure-2021|Anal siso<br>Ex enditure-2021|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Activities|Grant||Support|Total||
|||||Undertaken|Funding|of|Costs|2021||
|||||Directly|Activities|||||
|||||E'000|E.'000|||E'000||
|~Raisin<br>ands||||||||||
|investment<br>management|costs|||||||20||
|Direct Fundraising||||||||||
|Conference Centre||||||||||
|Charitable Activities||||||||||
|Contributions<br>toArchbishop's||Council|||808|||808||
|Resourcing<br>ministry ond mission||||8,114|483||4,099|12,696||
|Education||||345||||345||
|||||8,479|1,291||4,099|13,869||
|Anal<br>sis ofGrants Fundin||||||||||
|||||||||Total||
||||||Individuals||Institutions|2022||
|||||No.|K'000||t'000|f'000||
|From unrestricted<br>funds for national|||church res onsibilities|||||||
|Archbishops'<br>Council (note 8)|||||||||685|
|From unrestricted<br>funds||||||||||
|Clergy fortraining<br>&welfare||||2||7|||7|
|First Appointment,<br>Resettlement||and|removal|46||270|||270|
|Ordinands'<br>training,<br>receiving maintenance||||28||314|||314|
|Grant to Parish for building costs||||1|||138||138|
|RME Ordinands<br>in training||||2|||25||26|
|Ql costs reimbursed<br>to Parishes||||51|||35||35|
|Total from unrestricted<br>funds||||130||591|198||789|
|From restricted funds for various||ur|oses|||||||
|Clergy fortraining<br>&welfare||||14||29|||29|
|Hardship<br>grants to clergy||||106||106|||106|
|Ordinands'<br>training,<br>receiving maintenance||||1||1|||1|
|Energy Grants to Parishes||||201|||215||215|
|Widows and dependants<br>of|clergy|||5||3|||3|
|RME Ordinands<br>in training||||56||65|216||281|
|Other institutional<br>grants|||||||||0|
|Total from restricted funds for various|||purposes|383||203|431||635|
|Total||||514||794|629|2,108||





## 

## 

|8.CHARITABLE ACTIVIT|IES EXP|EN|DITURE (continued)||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Total|
|||||||Individuals|Institutions|2021|
|||||No.||E'000|f'000|E'000|
|From unrestricted<br>unds|ornational||church res onsibilities||||||
|Archbishops'Council(note|8)||||||808|808|
|From unrestricted<br>unds|||||||||
|Clergy for training|||||5|2||2|
|Ordinands'training,<br>receiving maintenance|||||29|289||289|
|South Central Regional Training Partnership|||||20|||2|
|Totalfrom unrestricted funds||||||291||292|
|Fromrestricted<br>unds<br>orvarious||ur|oses||||||
|Clergy forcharitable purposes|||||1|2||2|
|Widows and dependants|ofclergy||||52|6||6|
|RMEOrdinands<br>in training|||||55|284|230|414|
|Other institutional<br>grants|||||4||73|73|
|Totalfrom restricted funds for various purposes||||||192|303|495|
|Total|||||173||2.222|1,595|





## 

## 

## 

## 

|||||2022|2021|
|---|---|---|---|---|---|
|||||f'000|f'000|
|Wages and salaries||||1,696|1,923|
|National|insurance|contributions||183|196|
|Pension|costs|||227|245|
|Lay pension deficit||provision|change|(12)|(330)|
|||||2,094||



|The average|nu|mber ofpersons employed|during the year based on full-time|equivalents:||
|---|---|---|---|---|---|
|||||2022|2021|
|||||fte|fte|
|Resourcing|ministry:|||||
|Winchester|School of Mission|||8|8|
|Strategic Development|||||5|
|Administration||and Financial management||25|24|
|Safeguarding||||4|a|
|Property||||3|3|
|Fundraising||||1|1|
|||||45||
|The average|number ofpersons employed||during the year:|||
|||||2022|2021|
|||||no.|no.|
|Resourcing|ministry:|||||
|Winchester|School ofMission|||9|10|
|Strategic Deve||Iopme nt||5|5|
|Administration||and Financial management||28|28|
|Safeguarding||||5||
|Property||||3|3|
|Fun draising||||1|1|
||||||51|





## 

## 

## 

## 

|Interim|Diocesan Secretary<br>gt Company Secretary|Colin Harbidge<br>(appointed 01.04.2022,|
|---|---|---|
|||previously<br>Director ofOperations)|
|Director|of Finance|Lisa Streeter (55/o - resigned 07.11.2022)|
|Director|ofEducation|Jeff Williams<br>(67/o)|
|Director|of Human<br>Resources|Susan Beckett|
|Director|ofStrategic Development|Mark Lowman<br>(resigned 30.06.2022)|
|Director|ofMinistry|Mark Collinson|
|Remuneration,|pensions,<br>and expenses for the 6employees|amounted<br>tof420,002(2021:f492,212)|



## 

|he following table gives details ofth<br>uring the year:|e Trustees who were|in receipt o|
|---|---|---|
||Stipend|Housing|
|The Revd A Micklefield|Yes|Yes|
|The Revd Dr TMatthews|Yes|Yes|
|The Revd R Noel|Yes|Yes|
|2021|Stipend|Housing|
|The Revd A Micklefield|Yes|Yes|
|The Revd Canon<br>R Harlow|Yes|Yes|
|The Revd Canon<br>CStewart|Yes|Yes|



|~Sti end|Costs||||
|---|---|---|---|---|
||||2022|2021|
||||f'000|f'000|
|Stipends|||3,613|3,920|
|National|insurance|contributions|308|289|
|Pension|costs - current year||1,141|1,172|
|Pension|costs - deficit reduction||143|247|
||||5,205|5,628|





## 

## 

||||||Unrestricted|Funds|Restricted|Endowment|
|---|---|---|---|---|---|---|---|---|
||||||General|Designated|Funds|Funds|
|2022|||||f'000|f'000|f'000|f'000|
|From|General fund to Restricted fund to eliminate||negative|balances|(289)||289||
|From|Restricted|fund to General fund for Education|costs||130||(130)||
|From|Restricted|fund to General fund for Stewardship<br>costs|||37||(37)||
|From|Designated|fund to General fund for grant to|parish||138|(138)|||
||||||15|138|122||



|||||||||Unrestricted|Funds|Restricted|Endowment|
|---|---|---|---|---|---|---|---|---|---|---|---|
|2021||||||||General<br>f'000|Designated<br>f'000|Funds<br>f'000|Funds<br>f'000|
|From|General|fund|to|Stipend|fund for reduction|in pension deficit||(246)|||246|
|From|General|fund|to|Clergy|welfare fund forthe|OAP property|loan reduction|(100)||||
|||||||||(346J|||246|



## 

||Freehold|||
|---|---|---|---|
||Land &|Office||
||Buildings|Equipment|Total|
||f'000|f'000|f'000|
|Valuation asat:||||
|1January 2022|147,999||148,007|
|Additions|1,546||1,546|
|Disposals|(4,805)||(4,805)|
|Revaluation|2,241||2,241|
|31December 2022|146,981||146,989|
|Depreciation:||||
|1January 2022||(8)|(8)|
|Disposals||||
|Charge forthe year||||
|31December 2022||(8)|(8)|
|Net BookValue||||
|At 31December 2022|146,981||146,981|
|At31December 2021|147,999||147,999|





## 

|12.FIXEDASSET INV|ESTMENTS||||||
|---|---|---|---|---|---|---|
|||As at 1st|||Net|As at31st|
|||January|||Gains/|December|
|||2022|Additions|Disposals|(Losses)|2022|
|||f'000|E'000|f'000|E'000|f'000|
|Unrestricted<br>funds|||||||
|Unlisted<br>Investments||3.722|||(482)|3,240|
|Restricted funds|||||||
|Unlisted<br>Investments||8,705|||(1,018)|7,687|
|Endowment<br>funds|||||||
|Investment<br>Property||1,015||(2)|46|1,059|
|Unlisted<br>Investments||12,007||(20)|(1,361|10,626|
|||13,022||(22)|(1,315)|11,685|
|Total||25,449||(22)|(2,814)|22,612|
|13.DEBTORS|||||||
||||||2022|2021|
||||||f'000|f'000|
|Due within one year|||||||
|Current year Common|Mission Fund (parish share)||||146|70|
|Loans to parishes|||||244|272|
|Loans to others|||||69|19|
|Other debtors and prepayments|||||627|364|
||||||1,087|725|
|Due after more than one year|||||||
|Loans to parishes|||||840|799|
|Other Loans|||||784|199|
||||||1,623|998|
|Total Debtors|||||2,710|1,723|



## 



## 

|Due within one year||||
|---|---|---|---|
|||2022|2021|
|||f'000|S'000|
|Loan repayments||390|29|
|Deferred income||69|78|
|Other taxes and social security|||48|
|Creditor relating to sale|proceeds ofclosed school|400|400|
|Other creditors and accruals||458|176|
|Pension scheme liabilities:||||
|CEFPSfor Clergy|||23|
|Church Workers DBS|||17|
|Total creditors: amounts|falling due within one year|1,318|771|



## 

|||||2022|2021|
|---|---|---|---|---|---|
|||||f'000|E'000|
|Loan repayment|instalments|due after more than|one year|||
|Church Commissioners<br>value-linked<br>loans||||61|75|
|NatWest<br>Bank value-linked||loans||137|149|
|Loan from CCLA||||1,000|1,000|
|Other loans||||789|1,255|
|Pension scheme|liabilities:|||||
|CEFPSfor Clergy|||||210|
|Church Workers|DBS||||148|
|Total creditors: amounts<br>falling due after more than one year||||1,987|2,837|
|The maturity<br>ofthe above loans may be analysed|||as follows:|||
|Between one and|two years|||29|27|
|Between two and|five years|||86|76|
|in five years and more||||1,873|2,376|
|||||1,987|2,479|





## 

## 

|16.ANALYSIS OF CHANGES IN DEBT|||||
|---|---|---|---|---|
||As at 1st|||As at31st|
||January|||December|
||2022|Cashflows|Other|2022|
|2022|f'000|f'000|f'000|f'000|
|Cash and cash equivalents|7,254|2,216||9,470|
|Loans falling due within one year|(29)|(361)||(390)|
|Loans falling due after more than one year|(2,319)|332||(1,987)|
||4,906|2,187||7,093|
||Asat1st|||Asat31st|
||January|||December|
||2021|Cashflows|Other|2021|
|2021|f'000|f'000|f'ON|f'ON|
|Cash and cash equivalents|3,495|3759||7,254|
|Loans falling due within one year|(34)|5||(29)|
|Loans falling due after more than one year|(2,634)|315||(2,319)|
||827|4,079||4,906|





## 

## 

## 

|17.SUMMARY||O|F FUND MOVE|MENTS —CURRE|NT YEAR|||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||Total|
|||||01Jan||||Gains &|31Dec|
|||||2022|Income|Expenditure|Transfers|Losses|2022|
|||||E'000|f'000|E'000|E'000|E'000|E'000|
|Unrestricted<br>Fund||||||||||
|General||||38,411|11,048|(11,039)|15|(207)|38,227|
|General Desi nated|Fund|||||||||
|General Designated|Fund|||(1)|||||(1)|
|Parish mission and development||||107|||||107|
|Maclean||||492|17|||(57)|452|
|OAP Property||||753|||||753|
|Building New Church||||491||(4)|(138)|(20)|335|
|Planned<br>maintenance||sinking fund||(106)|||||(106)|
|Susta inability<br>Fund||||40||(45)|||(5)|
|Clerical Registry fund||||(30)||(55)|||(85)|
|||||1,746|22|(105)|(138)|(77)|1,449|
|Restricted Funds||||||||||
|General Restricted<br>Fund|||||242|(215)|||27|
|Pastoral fund||||(267)||(1)|267||(0)|
|Parsonages<br>endowment|||income|1|||||1|
|Retired Clergy houses||fund||3,290|54|(142)||(108)|3,094|
|Major Ball settlement||income||6|5|(2)|||8|
|Penrose income fund||||73|13|||(5)|81|
|Clergy welfare income||fund||810|180|(29)|(46)|(82)|833|
|Chalke Bequest income||||13|1||||14|
|Church schools fund||||10|2||||12|
|Queen Victoria clergy||fund||(17)|3|(2)|17||(0)|
|Pember income fund||||90||||(10)|80|
|Widows and dependants|||fund|1,039|32|||(107)|956|
|Thorrold<br>library fund||||24|||||24|
|ICSFgrant fund||||462|12|||(54)|420|
|Council for Social Responsibility||||914|37|(100)||(156)|695|
|Falrbairn trust||||371|10|(1)||(42)|338|
|Tale Tellers||||2|||||2|
|Christopher<br>library||||4|||||4|
|RME Training for Mission||||494|442|(377)|||559|
|Winchester<br>Mission Action||||572|537|(834)|||275|
|New Church<br>Buildings||||(6)|||||(0)|
|Northbrook||||4|||||4|
|Giving Advisor||||40|32||(37)||35|
|Schools Development||Fund||3,742|140||(130)|(453)|3,299|
|Ministry<br>Hardship<br>Fund|||||60|(106)|46|||
|||||11,671|1,804|(1,817)|122|(1,017)|10,762|
|Endowment<br>Funds||||||||||
|Expendable||||||||||
|Benefice houses||||93,545||||2,218|95,763|
|Permanent||||||||||
|Stipends fund capital||||23,059||||(138)|22,921|
|Parsonages endowment|||capita I|893||||(105)|788|
|Major Ball settlement|capital|||200||(20)||(23)|157|
|Penrose capital||||390||||(46)|344|
|Clergy welfare capital||||7,097||||(668)|6,429|
|Cha Ike bequest capital||||70||||(8)|63|
|Widows and dependants|||capital|224||||(26)|198|
|Thorrold<br>library capital||||247||||(29)|218|
|Pember capital||||965|27|||(108)|884|
|Christopher<br>Library||||5||||(1)|4|
|Chute endowment||||294||||(34)|260|
|||||126,989|28|(20)||1,032|128,029|
|Totalfunds||||178,817|12,901|(12,980)||(270)|178,467|
||||||||||Page 46of57|





## 

## 

|17.SUMMARY OF FUND|17.SUMMARY OF FUND|17.SUMMARY OF FUND|MOVEMENTS|MOVEMENTS|MOVEMENTS|—PREVIOUS|YEAR|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||1)anuery||||Gains and|31December|
|||||||2021|Income|Expenditure|Transfers|losser|2021|
|||||||E'000|E'000|E'000|E'000|E'000|E'000|
|.'UNRESTRICTED FUNDS||||||||||||
|, General||||||32,719|1'l,109|(10,409)|(346|5,338|38,411|
|'General<br>Designated|Fund||||||||||(1)|
|'Parish mission and development<br>, Mac lean||||||106<br>416|16|||1<br>60|107<br>49?|
|IDAP Property||||||1,550||||(897)|753|
|Building<br>New Church||||||491||||22|491|
|Planned<br>ma intenance||sinking|||fund|(106)|||||(106)|
|Susta inability<br>Fund||||||545||(505)|||40|
|Clerical Registry fund||||||||(30)|||30)|
|||||||3,002|20|562|100|(814)|1,746|
|'RESTRICTED FUNDS||||||||||||
|General Restricted<br>Fund||||||||||||
|; Pastoral<br>fund<br>,Personages<br>endovrrnent|||income|||(267)|||||(267)<br>1|
|Clergy houses fund||||||3,101|53|(140)||276|3,290|
|Major Bell settlement||income||||4|5|(3)|||6|
|, Penrose income fund||||||55|12|||6|73|
|Clergy vrelfsre income||fund||||666|167|(109)||86|810|
|Cha lke Bequest income||||||22|1||||23|
|Diocesan loans fund||||||0||||||
|, Church schools fund||||||3,122|135|||485|3,742|
|.Queen Victoria clergy|fund|||||(15)|3|(6)||1|(17)|
|Pernber income fund||||||80||||10|90|
|.Widows snd dependents|||fund|||904||(10)||115|1,039|
|, Thorrold<br>library fund||||||24|||||24|
|ICSF grant fund||||||399|11|||52|462|
|Council for Social Responsibility||||||823|34|(110)||167|914|
|Falrbairn<br>trust||||||317|9|||45|371|
|,Tale Tellers||||||2|||||2|
|!Christopher<br>library||||||4|||||4|
|RME Training<br>for Mission||||||408|528|(442)|||494|
|Winchester<br>Mission Action||||||363|2,282|(2,073)|||572|
|,,New Church Buildings||||||||(5)||(1)|(6)|
|,<br>'Northbrook||||||||||4||
|, Giving Advisor|||||||40||||40|
|Schools Development||Fund||||||||||
|||||||10,012|3,310|2,898)||1,247|11,671|
|:ENDOWMENT<br>FUNDS||||||||||||
|Expendable||||||||||||
|Benefice houses||||||82,828|358|||10,359|93,545|
|,'Permanent<br>:.Stipends<br>fund capital<br>'Personages<br>endowment|||capital|||20,320<br>780|10|||2,483<br>113|23,059<br>893|
|Major Ball sett Ie ment <br>',Penrose capita<br>I||capita||I||175<br>341||||25<br>49|200<br>390|
|'Clergy vrelfare capital||||||6,480||||617|7,097|
|Cha lke bequest capital||||||60||||9|70|
|Widows and dependents|||capitai|||196||||28|224|
|;Thorrold<br>library capital<br>;Pember capital||||||216<br>823|26|||31<br>116|247<br>965|
|',Christopher<br>Library||||||4||||1|5|
|Chute endowment||||||257||||37|294|
|||||||112.480|395||246|13,868|126,989|
|Total funds||||||158.213|14,834|13,869||19,639|178,817|





## 

## 

## 

|18.SUMMARY OF||A|SSETS BYFUND|—CURRENT YEAR|||||
|---|---|---|---|---|---|---|---|---|
|||||Fixed|Assets|Current|||
|||||Tangible|Investments|Assets|Creditors|Net Assets|
|||||E'000|E'000|f'000|E'000|E'000|
|Unrestricted<br>Fund|||||||||
|General||||31,010|2,662|6,339|(1,784)|38,227|
|General Desi nated|Fund||||||||
|General<br>Designated|Fund|||||(1)||(1)|
|Parish mission and development||||||107||107|
|Maclean|||||428|24||452|
|OAP Property||||2,142||(1,389)||753|
|Building New Church||||800|150|(616)||334|
|Planned<br>maintenance||sinking fund||||(106)||(106)|
|Sustainability<br>Fund||||||(5)||(5)|
|Clerical Registry fund||||||(85||85)|
|||||2,942|578|2,071||1,449|
|Restricted Funds|||||||||
|General Restricted<br>Fund||||||26||26|
|Pastoral fund|||||||||
|Parsonages<br>endowment|||income|||1||1|
|Retired Clergy houses||fund||1,536|815|1,028|(286)|3,094|
|Major Ball settlement||income||||8||8|
|Penrose income fund|||||41|40||81|
|Clergy welfare income||fund|||615|219||834|
|Chalke Bequest income||||||15||15|
|Church schools fund||||||12||12|
|Queen Victoria clergy||fund|||4|(7)|||
|Pember income fund|||||69|11||80|
|Widows and dependants|||fund||808|148||956|
|Thorrold<br>library fund||||||24||24|
|ICSFgrant fund|||||403|16||420|
|Council for Social Responsibility|||||1,189|(494)||695|
|Falrbairn trust|||||325|13||338|
|Tale Tellers||||||2||2|
|Christopher<br>library||||||4||4|
|RMETraining for Mission||||||559||559|
|Winchester<br>Mission Action||||||311|(37)|274|
|Northbrook||||||2||4|
|Giving Advisor||||||35||35|
|Schools Development||Fund|||3,416|1,085|1,201)|3,300|
|||||1,537|7,687|3,060|1,521|10,762|
|Endowment<br>Funds|||||||||
|Expendable|||||||||
|Benefice houses||||96,486|173|(897)||95,762|
|Permanent|||||||||
|Stipends fund capital||||15,005|3,238|4,678||22,922|
|Parsonages<br>endowment|||capital||788|||788|
|Major Ball settlement|capital||||156|1||157|
|Penrose capital|||||345|(1)||344|
|Clergy welfare capital|||||5,429|1,000||6,429|
|Chalke bequest capital|||||60|2||62|
|Widows and dependants|||capital||199|(1)||198|
|Thorrold<br>library capital|||||219|(1)||218|
|Pembe rcapital|||||812|72||884|
|Christopher<br>Library|||||7|(3)||5|
|Chute endowment|||||259|||259|
|||||111,491|11,685|4p851||128,028|
|Total funds||||146,981|22,612|12,180|(3,305)|178,467|





## 

## 

|18. SUMMARY OF ASSETS|BYFUND|BYFUND|BYFUND|—PREVIOUS YEAR|—PREVIOUS YEAR||||
|---|---|---|---|---|---|---|---|---|
|||||Fixed|assets|Current||Net|
|||||Tangible<br>E,OOO|Investments<br>E,OOO|Assets<br>f,OOO|Creditors<br>E,OOO|Assets<br>E,OOO|
|Unrestricted<br>funds<br>—general||||33,366|3,068|4,737|2,760|38,411|
|Unrestricted<br>- designated|||||||||
|General<br>Designated<br>Fund<br>Parish mission<br>and development<br>Ma clean|||||485|(1)<br>107<br>7||(1)<br>107<br>492|
|OAP Property<br>Building<br>New Church<br>Pla nned maintenance<br>sinking<br>Susta in abi Iity<br>CIerica I Registry fund|||fun|1,853<br>800<br>2,653|170<br>654|(1,100)<br>(479)<br>(106)<br>40<br>29<br>1,561|0|753<br>491<br>(106)<br>40<br>30<br>1,746|
|Restricted|||||||||
|General<br>Restricted<br>Fund||||||(1)||(1)|
|Pastoral<br>fund||||||(267)||(267)|
|Parsonages<br>endowment<br>income<br>Clergy houses<br>fund<br>Major Ball settlement<br>income<br>Penrose income fund||||1,536|924<br>46|1<br>1,119<br>6<br>27|(289)|1<br>3,290<br>6<br>73|
|Clergy welfare<br>income fund<br>Chalke Bequest income<br>Church schools fund|||||696<br>3,869|114<br>13<br>285|(400)|810<br>13<br>3,753|
|C1ueen Victoria clergy fund|||||4|(21)||(17)|
|Pember income fund|||||79|11||90|
|Widows<br>and dependants||fund|||915|123|(0)|1,038|
|Thorrold<br>library fund<br>ICSFgrant fund|||||458|24<br>5||24<br>462|
|Counci<br>I for Socia I Respons||ibi I|ity||1,345|(431)||914|
|Falrbarn<br>trust|||||368|3||372|
|Ta Ie Te I Iers||||||2||2|
|Christopher<br>libra ry||||||4||4|
|RME Training for Mission||||||494||494|
|Winchester<br>Mission<br>Action||||||496|75|572|
|New Church<br>Buildings||||||(6)||(6)|
|Northbrook||||||2||4|
|Giving Advisor||||||40||40|
|Schools Development<br>Fund||||1,537|8705|2,044|615|11,671|
|Expendable<br>endowment<br>Benefice houses||||93,518|195|(169)||93,544|
|Permanent|||||||||
|Stipends<br>fund capital<br>Parsonages<br>endowment|capita||I|16,925|3,484<br>893|2,883<br>0|(233)|23,060<br>893|
|Major Ba I I settle ment ca <br>Penrose capital<br>CIergy we<br>Ifare capita<br>I<br>Chalke bequest capital|pita<br>I||||199<br>391<br>6,097<br>68|1<br>(1)<br>1,000<br>1||200<br>390<br>7,097<br>70|
|Widows<br>and dependants||capital|||225|(1)||224|
|Thorrold<br>library capita<br>I<br>Pember capital<br>Christopher<br>Library<br>Chute endowment|||||248<br>920<br>8<br>294|(1)<br>45<br>(3)<br>0||247<br>965<br>5<br>294|
|||||110,443|13022|3,757|233|126,989|
|Total funds||||147999|25,449|8977|3608|178 817|





## 

## 

|19.DE|SCRIPTION O|F FUNDS|||
|---|---|---|---|---|
|General|Fund:||The general fund<br>is the WDBF's unrestricted<br>undesignated<br>fund available for any|ofthe|
||||WDBF's purposes<br>without<br>restriction.||
|Parish Mission and Development|||Fund:||
||||A fund<br>created<br>in the mid-2000s<br>by the then<br>Bishop's<br>Council to support<br>mission||
||||projects in parishes as part ofthe mission strategy<br>in place atthe time. Strategies|moved|
||||on and fund was never fully used as priorities<br>changed.<br>Designated<br>Fund to be wound||
||||up in 2023 and returned to General<br>Fund.||
|Maclean Fund:|||The Maclean<br>Fund<br>originated<br>with<br>an unrestricted<br>bequest<br>in 1948 by the|late Sir|
||||Alexander<br>Maclean. The WDBF has designated<br>this fund to assist with expenditure<br>on||
||||clergy houses which could not be met from any other fund.||
|OAP Property:|||Fund representing<br>the asset at Old Alresford<br>Place net ofthe related loan.||
|Building|New Church:||Designated<br>fund created bythe directors ofthe WDBF in mid 2000s. Fund to be reviewed||
||||during 2023to ascertain iforiginal purposes are still required.||
|Planned|maintenance|sinking fund:|||
||||Designated<br>fund<br>created to fund<br>maintenance<br>works for Old Alresford<br>Place. Fund||
||||ceased to be utilised<br>in 2020so will be reviewed<br>and returned tothe General Fund|during|
||||2023.||
|Sustainability<br>Fund:|||Designated<br>fund representing<br>a grant made from the Church commissioners<br>during 2021||
||||to support<br>DBFs in managing<br>the financial<br>implications<br>ofthe pandemic.<br>Original|Grant|
||||now fully expended so fund to be closed.||
|Clerical|Registry Fund:||Designated<br>Fund<br>originally<br>created<br>from the<br>surplus<br>assets<br>of the Winchester<br>&||
||||Portsmouth<br>Diocesan Clerical Registry which were passed tothe WDBFwhen the Charity||
||||was wound<br>up. Funds<br>used to cover costs of the Registry. Once fully expended,<br>this||
||||Designated<br>Fund will be closed.||
|Pastoral|Fund:||The diocesan pastoral account was set up under the provisions ofthe Pastoral Measure||
||||1983.The restricted<br>purposes for which the account may be used are:||
||||~<br>to defray costs incurred forthe purposes ofthe Measure or any scheme or|order|
||||made under the Measure except for salaries of regular diocesan employees||
||||~<br>to make loans or grants for the provision,<br>restoration,<br>improvement<br>or repair of||
||||churches<br>and parsonage<br>houses<br>in the diocese||
||||~<br>other purposes ofthe diocese or any benefice or parish<br>in the diocese||
||||~<br>to make grants or loans to any other diocese||
||||to transfer funds to the diocesan stipends<br>fund income or capital accounts.||
|Retired Clergy Houses||Fund:|This<br>restricted<br>fund,<br>formerly<br>known<br>as the<br>Clergy<br>Retirement<br>Houses|Fund,|
||||represents<br>the unexpended<br>balance of a special appeal for funds made<br>in the|early|
||||1980sforthe provision ofretirement<br>housing for clergy. The fund isalso used to|make|
||||bridging<br>loans to clergy approaching<br>retirement.<br>A Charity<br>Commissioners<br>Scheme||
||||has widened the purposes ofthis fund to include housing<br>provision for clergy widows||
||||and deserted<br>clergy spouses.||
|Major Ball settlement:|||This restricted fund represents<br>the unexpended<br>accumulated<br>income ofa settlement||
||||for the benefit ofthe parishes of Brown Candover<br>and Chilton Candover.||
|Penrose|Legacy Income:||This fund represents<br>the unexpended<br>accumulated<br>income ofa legacy forthe benefit||
||||ofclergy, who in the opinion ofthe WDBFare most in need ofgrants.<br>In recent|years|
||||the WDBF has applied the income for grants to clergy for extended<br>study leave.||





## 

## 

|Clergy Welfare Fund:|Clergy Welfare Fund:|The Clergy Welfare Fund is vested<br>in the WDBF as trustee. The capital of the trust<br>is|
|---|---|---|
|||shown<br>as a permanent<br>endowment,<br>and accumulations<br>of income as a restricted|
|||fund. The purposes<br>for which the trustee<br>may apply the income are as follows: for|
|||the benefit ofclergy in the Diocese ofWinchester,<br>at the discretion ofthe Bishop; to|
|||assist ordination<br>candidates;<br>to assist with the higher education<br>of children<br>of the|
|||clergy in the Diocese.|
|Chalke Bequest:||Bequest from<br>Miss Winifred<br>Joan Chalke to be used for the benefit of Industrial|
|||Mission.|
|Church Schools Fund:||The church schools fund represents<br>unexpended<br>accumulations<br>of sale proceeds of|
|||redundant<br>Church of England School properties.<br>Its use is restricted<br>by law to capital|
|||and maintenance<br>work to Church of England<br>schools<br>in the diocese and education|
|||generally<br>at Church of England<br>schools<br>in the diocese. The WDBF is trustee of these|
|||funds, which are managed<br>on a day to day basis by and in consultation<br>with the Board|
|||of Education.|
|Queen Victoria Fund:||Restricted<br>Fund to receive any grants made to the WDBF by the Queen Victoria Fund|
|||—a separate grant making charity that provides<br>small grants for clergy welfare.|
|Pember|Income Fund:|The annual<br>income of the Pember<br>Fund<br>is restricted<br>by a Charity<br>Commissioners'|
|||Scheme to the payment<br>ofWinchester<br>Diocesan clergy pensions. Where the income|
|||in<br>any<br>year<br>is not<br>required<br>for this<br>purpose,<br>it<br>may<br>be<br>used<br>for<br>providing|
|||accommodation<br>for these<br>clergy<br>and their dependants,<br>and for making<br>grants to|
|||widows ofsuch clergy and their dependants.|
|Clergy Widows and Dependants:||These funds have been left to, or settled with, the WDBF specifically for the benefit|
|||of clergy widows<br>and dependants.<br>Fund reviewed<br>by the WDBF in 2023 with a view|
|||to seeking approval<br>from the charity Commission<br>to expand its purposes.|
|Thorrold|Library fund:|The purpose<br>of this fund<br>is to provide<br>a theological<br>library for the clergy of the|
|||Diocese. The Thorrold<br>and<br>Lyttelton<br>Library<br>has been loaned to the University<br>of|
|||Winchester to secure its future accessibility<br>and development.|
|Fairbairn|Trust:|The Fairbairn Trust, ofwhich the WDBF isTrustee, was a bequest ofthe late SirArthur|
|||Fairbairn for the Church of England's<br>mission to deaf and hard-of-hearing<br>people<br>in|
|||the Diocese. Grants are awarded to parishes<br>and local deaf clubs.|
|Diocesan|Council for Social Responsibility:||
|||The Council for Social Responsibility<br>Fund exists to support "the advancement<br>ofthe|
|||Christian<br>religion<br>within<br>the<br>Diocese<br>of Winchester<br>by<br>promoting<br>Christian|
|||engagement<br>with<br>and concern for people's<br>needs<br>in the whole of society, and to|
|||reflect upon social issues in the light ofthe Gospel'".|
|ICSFGrant for Clergy Houses:||This fund arose from a distribution<br>tothe WDBFfrom the former Incorporated<br>Clergy|
|||Sustentation<br>Fund. Capital and income may be used in aid ofthe sustentation<br>ofthe|
|||clergy in the Diocese.|
|Benefice|House Endowment:|This restricted<br>fund consists of income generated<br>by the associated<br>endowment<br>the|
|||income is entirely transferred<br>annually to the general fund where it is applied for its|
|||specified purpose ofbenefice house outgoings.|





## 

## 

|Diocesan Stipends|Diocesan Stipends|Fund Capital:|The diocesan stipends<br>capital fund has been created from the diocesan stipends fund|
|---|---|---|---|
||||capital account assets held on behalf ofthe diocese by the Church<br>Commissioners|
||||under<br>the<br>Endowments<br>and<br>Glebe<br>Measure<br>1976 to provide<br>income<br>for clergy|
||||stipends.<br>It represents<br>the<br>accumulated<br>sale<br>proceeds<br>of glebe<br>property,<br>sale|
||||proceeds of benefice houses<br>and surplus<br>benefice endowments<br>following<br>pastoral|
||||reorganisation.<br>Capital<br>funds<br>may<br>be used for the<br>purchase,<br>improvement<br>and|
||||maintenance<br>of glebe property<br>and benefice houses. The funds<br>may be invested<br>in|
||||the CBFChurch of England<br>Property,<br>Investment<br>or Fixed Interest Securities Funds, or|
||||simply held on deposit.|
|Benefice Property||Fund:|The benefice property<br>fund consists of resources restricted to provision<br>of benefice|
||||houses<br>in the diocese. They are represented<br>by the benefice<br>houses<br>or by sale|
||||proceeds offormer benefice houses held on suspense<br>by the Church Commissioners.|
||||Although<br>benefice houses are vested<br>in the incumbents<br>for the time being of the|
||||benefices concerned, the DBF is obliged to maintain<br>them, to ensure that there are|
||||sufficient benefice houses forthe pastoral structure ofthe diocese; in addition, where|
||||a benefice<br>house<br>is no longer<br>required<br>then<br>it is usually<br>transferred<br>into the|
||||unrestricted<br>corporate ownership<br>ofthe WDBF.|
|Chalk Bequest:|||Bequest from<br>Miss Winifred<br>Joan Chalk to be used for the benefit of<br>Industrial|
||||Mission.|
|Chute Fund:|||The income<br>from the Chute<br>Legacy Endowment,<br>a fund<br>originally<br>created<br>by the|
||||WDBF from<br>a number<br>of restricted<br>gifts<br>is for the purpose<br>of being<br>a repair<br>and|
||||replacement<br>fund for the Retreat Centre & Diocesan Offices.|
|Christopher|Ubrary:||Gift from OAP Trustees<br>in 2009 —Income<br>is used to support the salary of resources|
||||assistant<br>in the Resources Centre.|
|Tale Tellers:|||Gift from OAP Trustees<br>in 2009 —Income<br>is used to support the salary of resources|
||||assistant<br>in the Resources Centre.|
|RME Training for Mission:|||Income<br>received<br>from<br>Church<br>Commissioners<br>to fund<br>theological<br>training<br>of|
||||ordinands.<br>Any funds not spent on training are required to be held by the WDBF with|
||||the expectation that the surplus<br>will be returned to the Church Commissioners.|
|Winchester|Mission|Action:|Restricted<br>Fund<br>for<br>any<br>grants<br>received<br>from<br>the<br>National<br>CofE<br>Strategic|
||||Development<br>Fund or its successors.<br>Fund can only be used to support the costs of|
||||projects approved<br>by the National Strategic Mission &Ministry<br>Investment<br>Board.|
|Giving Advisor Fund:|||Grant<br>provided<br>by the Church<br>Commissioners<br>to fund<br>additional<br>resource<br>in our|
||||stewardship<br>team. Funding tapers over a 3year period.|
|Sustainability|Fund:||To aid transition.|





## 

## 

## 

## 



## 

## 

## 

|/o ofpensionable|stipends|January 2018to|January 2021to|
|---|---|---|---|
|||December 2020|December 2022|
|Deficit repair contributions||.go/o||



||||2022|2021|
|---|---|---|---|---|
|Balance sheet liability at|1January||233,000|532,000|
|Deficit contribution<br>paid|||-143,000|-247,000|
|Interest cost (recognised|in SoFA)||0|1,000|
|Remaining<br>change tothe|balance sheet liability* (recognised|in SoFA)|-90,000|-53,000|
|Balance sheet liability at|31December|||233,000|



|||December 2021|December 2021|December 2020|
|---|---|---|---|---|
|Discount rate||n/a|0.0O/o pa|0.2o/o pa|
|Price inflation||n/a|n/a|3.1O/o pa|
|Increase to total pensionable|payroll|n/a|-1.5~/o pa|1.6~/o pa|





## 

## 

## 

## 

## 



## 

## 

## 



## 



## 

## 

## 

||2022|2021|
|---|---|---|
||f'000|f'000|
|Land and Buildings:|||
|Within one year ofthe balance sheet date|17|15|
|In the second to fifth years inclusive ofthe balance sheet date|||
||17|15|
|Other operating Leases:|||
|Within one year ofthe balance sheet date|||
|In the second to fifth years inclusive of the balance sheet date|||



## 

|22. FUNDS HELD AS CUSTODIAN T|22. FUNDS HELD AS CUSTODIAN T|RUSTEE|RUSTEE|RUSTEE|RUSTEE|RUSTEE|||||
|---|---|---|---|---|---|---|---|---|---|---|
|The WDBFacts as Diocesan Authority||orcustodian trustee for many trust funds by virtue of|||||the Parochial Church Councils||||
|(Powers) Measure 1956and the|Incumbents||and Churchwardens||(Trusts) Measure|1964|where the managing||trustees||
|are parochial<br>church councils and|others. Assets held|||in this way are not consolidated||into|these financial|statements||as|
|the WDBF does not control them.|The|financial|assets|held in this|way may be summarised||as follows:||||
|Funds Held As Custodian<br>'Trustee|||||||||||
||||||||2022||2021||
||||||||f'000||f'000||
|CBFChurch of England<br>Investment<br>Fund income shares|||||||16,314|18,353|||
|CBFChurch of England<br>Fixed Interest||Securities Fund||shares|||273||478||
|CBFChurch of England<br>Property|Fund|shares|||||245||278||
|COIF income and accumulation<br>shares|||||||2||3||
|Other common investment<br>fund|holdings||||||316||279||
|Other fixed interest stocks|||||||104||104||
|CBFChurch of England<br>Deposit Fund|||||||1,372||1,326||
|Cash at bank|||||||570||68||
||||||||19,195|20,889|||