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|TABLE OF CONTENTS||||Page|
|---|---|---|---|---|
|Number|||||
|Our Vision|||||
|Lega I Objects|||||
|Strategic Report|||||
|Strategic aims||||3|
|Objectives for the|year|||4|
|Activities and achievements||in the year||5|
|Key performance|indicators|||8|
|Future plans||||8|
|Section 172statement||||9|
|Financial<br>review||||9|
|Principal<br>risks and|uncertainties|||13|
|Covid-19 Financial|update|||16|
|Structure<br>and Governance||||18|
|Trustees'<br>Responsibilities||||26|
|Statement of Disclosure|to the Auditors|||26|
|Appointment<br>ofAuditors||||26|
|Administrative<br>Details||||27|
|independent<br>Auditors'<br>Report||||30|
|Consolidated<br>Statement|of Financial Activities|||35|
|Consolidated<br>Income and Expenditure|||Account|36|
|Consolidated<br>and EDBF|Balance Sheet|||37|
|Consolidated<br>Cash Flow|Statement|||39|
|Notes to the Consolidated<br>Financial||Statements||40|



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|e diocesan website. The|key me|asures<br>are sho|wn<br>in the table below:|||
|---|---|---|---|---|---|
|Area|||Target for 2020|Actual delivery|in|
|||||2020||
|Common<br>Fund collection|rate||96.0%|90.5%||
|Total number of parishes|signed|up as|238|236||
|members ofthe Parish Giving Scheme||||||
|(based on 10%per annum<br>Total EDBF Income|target|increase)|f13,188k|E12,835k||
|(excluding asset sales and|revaluations)|||||
|Total EDBF Expenditure||||||
|(excluding<br>capital works and asset|||f14,383k|E13,108k||
|revaluations)||||||



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|nvesting<br>on be|hal|f ofthe Di|ocese.||||
|---|---|---|---|---|---|---|
||||Funds at 31|Proportion|Income yield|Total Return|
||||December|of Portfolio|in year|in year|
||||2020||||
||||f'000||||
|CCLA Managed|||||||
|CBFInvestment||Fund|27,611|87.3%%uo|2.8590|+9.95%|
|CBFProperty|Fund||2,722|8.6%|4.75%|-0.45%|
|CBFDeposit|Fund||1,283|4.1%%uo|0.49%|+0.49%|
|Other Funds||||090|||
||||31,621|100.090|||





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|ccount (s|ee notes 21 —23)|.|||
|---|---|---|---|---|
|||Funds at 31|Income yield|Total Return|
|||December|in year|in year|
|||2020|||
|||E'000|||
|Investment|Properties|14,475|2.80%|6.33%|



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||||Unrestricted|Unrestricted|funds|Restricted|Endowment|Total funds|Total funds|
|---|---|---|---|---|---|---|---|---|---|
||||General|Designated||Funds|Funds|2020|2019|
|||Note|E'000||E'000|E'000|E'000|E'000|E'000|
|Income and endowments||||||||||
|from||||||||||
|Donations||||||||||
|Parish contributions|||8,332|||||8,332|9,079|
|Archbishop's<br>Council|||455|||1,289||1,744|1,360|
|Other donations|||322||27|784||1,133|1,229|
|Charitable<br>activities|||568|||39||607|756|
|Other trading activities|||1,332|||||1,332|1,437|
|Investments|||331|||1,003||1,334|1,318|
|Other|||973|||3|1,049|2,025||
|Total income and|||12,313||27|3,118|1,049|16,507|15,179|
|endowments||||||||||
|Expenditure<br>on||||||||||
|Costs of raising funds||7|179|||50||229|261|
|Charitable<br>activities||8|10,923|||3,111||14,036|12,642|
|Other||9|||||||2|
|Total expenditure|||11,102|||3,161||14,265|12,905|
|Net income/(expenditure)||||||||||
|before investment|gains||1,211||25|(43)|1,049|2,242|2,274|
|Net gain/(loss)<br>on||17|395||(5)|119|1,611|2,120|3,441|
|investments||||||||||
|Net income/(expenditure)|||1,606||20|76|2,660|4,362|5,715|
|Transfers between|funds|14|(726)||474||252|||
|Net movement<br>in funds|||880||494|76|2,912|4,362|5,715|
|Total funds brought|||7,150||21,023|5,453|69,399|103,025|97,310|
|forward||||||||||
|Total funds carried||21|8,030||21,517|5,529|72,311|107,387|103,025|
|forward||||||||||





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|||||Total|Total|
|---|---|---|---|---|---|
|||||2020|2019|
|||||E'000|f'000|
|Total incoming<br>resources||||15,458|15,179|
|Resources expended||||14,265|12,905|
|Operating<br>surplus/(deficit)||for the year||1,193|2,274|
|Net gain/(loss)<br>on investments||||509|1,204|
|Net income for the year||||1,702|3,478|
|Other comprehensive|income:|||||
|Net assets transferred|from/(to)||endowments|(252)|(487)|
|Total comprehensive|income|||1,450|2,991|





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|At 31December 202|At 31December 202|0|||||||
|---|---|---|---|---|---|---|---|---|
|Company Number-186001||||2020|||2019||
||||Note|Group|EDBF|Group||EDBF|
|||||E'000|E'000|E'000||E'000|
|FIXEDASSETS|||||||||
|Intangible<br>Assets|||15|57|57|6||6|
|Tangible assets|||16|58,532|58,532|59,561||59,561|
|Investments|||17|46,096|46,096|44,088||44,088|
|Totalfixed assets||||104,685|104,685|103,655||103,655|
|CURREIVTASSETS|||||||||
|Debtors|||18|2,040|2,061|1,530||1,561|
|Cash on deposit||||34|34|34||34|
|Cash at bank and in hand||||5,723|5,645|1,103||1,017|
|Total current assets||||7,797|7,740|2,667||2,612|
|CREDITORS: amounts|falling||||||||
|due within one year|||19|(2,143)|(2,095)|(1,542)||(1,496)|
|NETCURRENTASSETS||||5,654|5,645|1,125||1,116|
|TOTAL ASSETSLESS CURRENT|||||||||
|LIABILITIES||||110,339|110,330|104,780||104,771|
|CREDITORS: amounts|falling due|after one year|20|(2,055)|(2,055)|(224)||(224)|
|NETASSETSexcluding|Pension Liability due after one year|||108,284|108,275|104,556||104,547|
|Defined Benefit Pension scheme liabilities|||20|(897)|(897)|(1,531)||(1,531)|
|TOTAL NETASSETS||||107,387|107,378|103,025||103,016|
|FUNDS|||||||||
|Endowment<br>funds|||||||||
|(Including<br>investment<br>revaluation<br>E20,136k(2019:E18,657k))||reserve of||72,311|72,311|69,399||69,399|
|Restricted income funds|||||||||
|(Includingi nvestment|revaluation|reserve of|||||||
|E1,141k(2019:E1,024k))||||5,529|5,529|5,453||5,453|
|Unrestricted<br>income funds:|||||||||
|General Funds (Including investment|||||||||
|revaluation<br>reserve ofE3,356k(2019:E2,960k))||||8,021|8,021|7,141||7,141|
|Designated<br>Funds (Including investment|||||||||
|revaluation<br>reserve of|(E7k)(2019:(E2k))|||21,517|21,517|21,023||21,023|
|Trading subsidiary||||9||9|||
|TOTAL CHARITY FUIVDS|||22|107,387|107,378|103,025||103,016|





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|||||2020|||2019||
|---|---|---|---|---|---|---|---|---|
||||E'000||E'000|E'000||f'000|
|Net cash inflow/(outflow)|from operating||||||||
|Activities|||||(2,958)|||(2,632)|
|Cash flows from investing|activities||||||||
|Dividends, interest and rent frominvestments|||2,455|||2,486|||
|Proceeds from the sale of:|||||||||
|Tangible fixed assets|||3,307|||278|||
|Fi~ed asset investments||||||4,085|||
|Purchase of:|||||||||
|Tangible fixed assets for the use of||the EDBF|(233)|||(1,174)|||
|Fixed asset investments||||||(4,085)|||
|Net cash provided<br>by/(used|in) investing||||||||
|Activities|||||5,529|||1,590|
|Cash flows from financing|activities||||||||
|Loans repaid by the EDBF|||(34)|||(35)|||
|New lending<br>by EDBF|||(60)|||(125)|||
|Loans repaid ta EDBF|||143|||275|||
|Cash inflow from new borrowing|||2,000||||||
|Net cash provided by/(used|in)financing||||||||
|Activities|||||2,049|||115|
|Change in cash and cash equivalents||in the|||||||
|reporting<br>period|||||4,620|||(927)|
|Cash and cash equivalents|at 1January||||1,137|||2,064|
|Cash and cash equivalents|at31December||||5,757|||1,137|
|Reconciliation ofnet movements<br>in||funds to|||||||
|net cash flow from operating<br>activities|||||||||
|Net movement<br>in funds for|the year|ended|||||||
|31December|||||2,242|||2,274|
|Adjustments<br>for:|||||||||
|Depreciation<br>charges|||||41|||42|
|Dividends, interest and rent|fram investments||||(2,455)|||(2,486)|
|Surplus/(deficit)<br>on sale offunctional||assets|||(2,025)|||2|
|Decrease/(increase)<br>in debtors|||||(593)|||523|
|(Decrease)/i ncrease in creditors|||||(168)|||(2,987)|
|Net cash provided by/(used|in) operating||||||||
|activities|||||(2,958)|||(2,632)|
|Analysis ofcash and cash equivalents|||||||||
|Cash in hand|||||5,723|||1,103|
|Notice deposits (less thon 3|months)||||34|||34|
||||||5,757|||1,137|





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|||Unrestricted|funds|Restricted|Endowment|Total funds|Total funds|
|---|---|---|---|---|---|---|---|
|||General<br>Designated||Funds|Funds|2020|2019|
|||f'000|f'000|E'000|f'000|E'000|E'000|
|Current|Year assessments|9,174||||9,174|9,377|
|Shortfall|in contributions|(871)||||(871)|(414)|
|||8,303||||8,303|8,963|
|Receipts|for previous years|24||||24|116|
|Receipts|for future years|5||||5||
|Totallncome||8,332||||8,332|9,079|



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||||Unrestricted|Unrestricted|funds|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||funds|funds|
||||General|Designated||Funds|Funds|2020|2019|
||||f'000||f'000|f'000|f'000|E'000|E'000|
|Lowest Income||||||1,231||1,231|1,265|
|Communities|Funding|||||||||
|Transitional|funding||105|||||105|95|
|Strategic Ministry||funding||||58||58||
|Sustainability|funding||350|||||350||
||||455|||1,289||1,744|1,360|





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|ther don||ations<br>and gr|ants|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Total|Total|
||||Unrestricted||funds|Restricted|Endowment|funds|funds|
||||General|Designated||Funds|Funds|2020|2019|
||||E'000||E'000|E'000|E'000|E'000|E'000|
|All Churches||Trust Grant|169|||||169|180|
|Donations|and grants||153||27|498||678|818|
|Resourcing||Ministerial||||286||286|231|
|Education||||||||||
||||322||27|784||1,133|1,229|



## 

||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|funds|Restricted|Endowment|funds|funds|
||||General|Designated|Funds|Funds|2020|2019|
||||E'000|E'000|E'000|E'000|E'000|E'000|
|Statutory fees|||456||||456|591|
|Chaplaincy|income||30||39||69|75|
|Feed in/Export||Tariffs|||||||
|- PV panels|||39||||39|26|
|Course/training||fees|19||||19|24|
|Miscellaneous||income|24||||24|40|
||||568||39||607|756|



## 

|OTHER|TRADING ACTIV|ITIES|||||||
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
|||Unrestricted||funds|Restricted|Endowment|funds|funds|
|||General|Designated||Funds|Funds|2020|2019|
|||E'000||E'000|E'000|E'000|E'000|E'000|
|Housing|income|1,105|||||1,105|1,155|
|Other rental income||16|||||16|13|
|Trading|—EDPS Ltd|211|||||211|269|
|||1,332|||||1,332|1,437|





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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||Unrestricted|funds|Restricted|Endowment|funds|funds|
|||General<br>Designated||Funds|Funds|2020|2019|
|||F.'000|f'000|f'000|E'000|E'000|f'000|
|Dividends|receivable|325||596||921|954|
|Interest|receivable|6||||6|6|
|Rents receivable||||407||407|358|
|||331||1,003||1,334|1,318|



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|THER INCOMING<br>RES|OURCES|||||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
||Unrestricted||funds|Restricted|Endowment|funds|funds|
||General|Designated||Funds|Funds|2020|2019|
||E'000||E'000|E'000|E'000|f'000|E'000|
|Gains on sale of:||||||||
|Properties|973||||1,049|2,025||
||973||||1,049|2,025||



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|OSTS OF RAISING FUNDS||||||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
||Unrestricted||funds|Restricted|Endowment|funds|funds|
||General|Designated||Funds|Funds|2020|2019|
||E'000||f'000|f'000|f'000|E'000|f'000|
|Glebe agents' fees||||30||30|34|
|Other glebe expenses|24|||20||44|39|
|Trading activities —EDPS Ltd|155|||||155|188|
||179|||50||229|261|





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|||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted||funds|Restricted|Endowment|funds|funds|
||||General|Designated||Funds|Funds|2020|2019|
||||E'000||E'000|E'000|E'000|E'000|E'000|
|Contributions<br>to||||||||||
|Archbishops'<br>Council||||||||||
|Training for Ministry|||346|||||346|346|
|Nationa<br>I Church||||||||||
|Responsibilities|||260|||||260|275|
|Grants and provisions|||29|||||29|29|
|Mission agency pension||||||||||
|Costs|||13|||||13||
|Retired clergy housing||||||||||
|Costs|||124|||||124|118|
|Pooling of ordinands||||||||||
|maintenance<br>grants|||52|||||52|80|
||||824|||||824|852|
|Resourcing<br>Ministry|and|||||||||
|Mission||||||||||
|Parish Ministry||||||||||
|Stipends<br>and national||||||||||
|Insurance|||3,346|||2,234||5,580|5,513|
|Pension costs|||1,241|||56||1,297|1,284|
|Housing costs|||1,987|||||1,987|2,480|
|Removal,<br>resettlement||||||||||
|and grants|||198|||||198|176|
|Clergy Pension<br>Fund|Deficit||48|||||48|(2,149)|
|Other expenses|||278|||39||317|297|
||||7,098|||2,329||9,427|7,601|
|Support for parish<br>ministry||||||||||
|Mission and Ministry|||1,077|||752||1,831|2,194|
|Church and Society|||52|||||52|41|
|Mission and Ministry|grants|||||16||16||
|Cooper Legacy grants||||||3||3|18|
|Cooper Armstrong<br>Legacy||||||8||8|16|
|Support services|||1,325|||3||1,328|1,271|
|Lay Pension<br>Fund Deficit|||21|||||21|25|
||||2,475|||782||3,259|3,565|
||||9,573|||3,111||12,686|11,166|
|Expenditure<br>on Education||and|Church of England||Schools|||||
|Support for church schools||||||||||
|and parishes|||526|||||526|624|
||||10,923|||3,111||14,030|12,642|





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|D|||||||
|---|---|---|---|---|---|---|
||||||Total|Total|
|Unrestricted||funds|Restricted|Endowment|funds|funds|
|General|Designated||Funds|Funds|2020|2019|
|f'000||E'000|f'000|E'000|E'000|E'000|



## 

|10.<br>ANALYSIS||OF E|XP|ENDIT|URE INCLUDING<br>ALLO|CATION<br>|OF|SUPPORT|COSTS|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Pension|||
||||||Activities|Grant|||Funds|||
||||||Undertaken|Funding of||Support|Deficit|Total costs|Total costs|
||||||Directly|Activities||Costs|Adjustment|2020|2019|
||||||E'000|E'000||f'000|f'000|f'000|f'000|
|Raisings funds|||||230|||||230|261|
|Charitable<br>activities:||||||||||||
|Contributions||to Archbishop's|||Council|824||||824|852|
|Resourcing|parish||ministry||10,699|636||1,327|21|12,683|11,166|
|Education|||||526|||||526|624|
|Other resources expended|||||||||||2|
||||||11,455|1,460||1,327|21|14,263|12,905|
|Net income/(expenditure)||||for the year is stated after||charging|amortisation||fSk(2019:f6k),|||
|depreciation<br>f34k||(2019:f36k) and audit fees EDBFf23k, EDPS||||||f3k (2019:|EDBFf23k,|EDPSf3k).||



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|ANALYSIS OF SUPPORT COST|S||||||
|---|---|---|---|---|---|---|
||||||Total|Total|
||Unrestricted|funds|Restricted|Endowment|funds|funds|
||General<br>Designated<br>E'000<br>E'000||Funds<br>f'000|Funds<br>E'000|2020<br>E'000|2019<br>E'000|
|Central support/administration|1,197||||1,200|1,124|
|Governance:|||||||
|External audit of EDBF|23||||23|23|
|External audit of EDPS|3||||3|3|
|Registrar and Chancellor|83||||83|90|
|Synodical costs|18||||18|31|
||1,324||||1,327|1,271|





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## 


|ANALYSIS OF GRANTS|ANALYSIS OF GRANTS|ANALYSIS OF GRANTS|ANALYSIS OF GRANTS|MADE|MADE|MADE||No.|Individuals|Institutions|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2020|2019|
||||||||||f'000|f'000|f'000|f'000|
|From<br>unrestricted<br>funds||||for||national|Church||||||
|responsibilities:|||||||||||||
|Contributions<br>to Archbishop's|||||Council|||||824|824|734|
|From unrestricted<br>funds:|||||||||||||
|Ordinands<br>in training||||||||42|132||132|137|
|Clergy ordination||||||||16|40||40|35|
|Clergy resettlement||||||||28|70||70|58|
|Clergy removals<br>Clergy 1"incumbency||||||||30<br>7|60<br>27||60<br>27|77<br>17|
|Churches togetherin<br>Devon||||||||1|||5|5|
|Church schools —Repairs/improvement||||||||1|||7|8|
|Church schools —Learn|Teach||||Read|||||||35|
|Mustard<br>Seed Fund||||||||||||4|
|Unlimited<br>Church||||||||||||15|
|Growth<br>and mission||||||||3||17|17|51|
|Other small grants||||||||28|14|13|27|10|
|Adjustments<br>for grants|not claimed|||||||||(2)|(2)|(36)|
|||||||||157|344|40|384|416|
|From<br>restricted<br>funds|||for|||national|Church||||||
|responsibilities:|||||||||||||
|Contributions<br>to Archbishop's|||||Council|||||||118|
|From<br>restricted<br>funds|||for||various||purposes||||||
|within<br>resourcing<br>parish||ministry:|||||||||||
|Cooper Legacy Fund||||||||||||18|
|Cooper Armstrong<br>Legacy||||||||||||16|
|New Church Schools||||||||||||15|
|Repairs and Maintenance|||Grant|||||||15|15||
|Strategic Development|Fund||||||||||||
|Plymouth<br>Partnership||in|Mission|||||||93|93|98|
|Exeter, St Matt's||||||||||133|133|427|
|Total||||||||12||252|252|574|
|Total||||||||175|344|1,116|1,460|1,842|





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|STAFF COSTS|STAFF COSTS||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E'000|f'000|
|Employee costs during|||the year were as follows:||||||||
|Wages and salaries|||||||||2,009|1,965|
|National<br>insurance<br>contributions|||||||||190|188|
|Pension costs —current|||year||||||418|422|
||—deficit||(decrease)/increase||||||(127)|(119)|
||||||||||2,490|2,456|
|The average|number of persons employed|||||by the group during the year:|||||
||||||||||2020|2019|
||||||||||Number|Number|
|Administration|and financial|||management|||||27|25|
|Grant funded|projects||||||||3|4|
|Property|||||||||4|4|
|Mission,<br>Ministry<br>and||Stewardship|||||||15|16|
|Safeguarding|||||||||3|4|
|Archdeacons'|staff||||||||5|5|
|Education<br>and Schools|||||||||12|14|
||||||||||69|72|
|The average|number|of persons|||employed|by the group|during|the year|||
|based on full-time<br>equivalents:|||||||||||
||||||||||2020|2019|
||||||||||Number|Number|
|Administration|and financial|||management|||||22.8|20.7|
|Grant funded|projects||||||||2.5|2.9|
|Property|||||||||3.2|3.4|
|Mission, Ministry<br>and||Stewardship|||||||11.7|12.3|
|Safeguarding|||||||||2.5|3.3|
|Archdeacons'|staff||||||||2.1|2.1|
|Education<br>and Schools|||||||||9.8|10.3|
||||||||||54,6|55.0|



## 

|2020|2019|
|---|---|
|Number|Number|





## 

## 

## 

## 



## 

## 

|AFF COSTS (continued)|||||
|---|---|---|---|---|
|The following table gives|details ofthose Trustees who were||in receipt of a stipend and/or||
|housing<br>and then whether|this was provided|by EDBF during|the year:||
||||Stipend|Housing|
|The Right Rev R Atwell|||No|No|
|The Right Rev N McKinnel|||No|Yes|
|The Right Rev J Searle|||No|Yes|
|The Very Rev j Greener|||No|No|
|The Ven A Beane|||Yes|Yes|
|The Ven M Butchers|||Yes|Yes|
|The Ven D Dettmer|||Yes|Yes|
|The Ven<br>N Shutt|||Yes|Yes|
|The Rev D Bailey|||Yes|Yes|
|The Rev N Debney|||Yes|Yes|
|The Rev S Franklin|||Yes|Yes|
|The Rev W Hazlewood|||Yes|Yes|
|The Rev E Hobbs|||Yes|Yes|
|The Rev M Partridge|||Yes|Yes|
|The Rev 5Stayte|||Yes|Yes|
|The Rev J Taylor|||Yes|Yes|
|The Rev Canon Dr M Williams|||No|No|



## 

|e Dio|cese, and|the costs were as follows:|||
|---|---|---|---|---|
||||2020|2019|
||||E'000|E'000|
|Stipends|||5,175|5,050|
|National|insurance|contributions|405|397|
|Pension|costs - current year||1,874|1,857|
||-deficit reduction||(576)|(573)|
||||6,878|6,731|





## 

## 

## 

|ANALYSIS|OF TRANSFERS BETWEEN|OF TRANSFERS BETWEEN|OF TRANSFERS BETWEEN|OF TRANSFERS BETWEEN|FUNDS|FUNDS|Unrestricted|Unrestricted|funds|Restricted|Endowment|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||General|Designated||Funds|Funds|
||||||||f'000||f'000|f'000|E'000|
|Improvements|to Board properties||||||(164)||13||151|
|Property transfers<br>from Benefice to|||Board||||||70||(70)|
|Property transfers<br>from Glebe to Board|||||||||310||(310)|
|From Designated/Glebe||Funds to General||Fund||for||||||
|properties<br>earmarked||for sale|||||62||(15)||(47)|
|From General|Fund to|Clergy Housing|Repairs||||(29)||29|||
|From General|Fund for Clergy Conference||||||(30)||30|||
|From General|fund to|Stipends endowment|||for|reduction||||||
|of pensions<br>deficit|||||||(528)||||528|
|From General|Fund to|Miscellaneous|Designated|||Funds||||||
|for Lambeth|conferences<br>and Hold Land visit||||||(15)||15|||
|From General|Fund to|Miscellaneous|Designated|||Funds||||||
|for Grants|||||||(22)||22|||
||||||||(726)||474||252|



## 

|INTANGIBLE FIXEDAS|SETS|
|---|---|
||Website &|
||Software|
||E'000|
|Cost||
|At 1January 2020|25|
|Additions|56|
|At 31December 2020|81|
|Amortisation||
|At 1January 2020|19|
|Charge for the year|5|
|At 31December 2020|24|
|Net Book Value||
|At 31December 2020|57|
|At 31December 2019||





## 

|16.|TANGIBLE FIXED|TANGIBLE FIXED|ASSETS|ASSETS|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Freehold|||Office|Fixtures &||Motor||Total||
||||||Properties|&||Equipment|Fittings (inc.|Vehicles||&|||
||||||Land||||PV Panels||Car Park||||
||||||E'000|||E'000|E'000||E'000||f'000||
||Cost||||||||||||||
||At 1January 2020||||59,290|||280|369||16||59,955||
||Additions||||167|||10|||||177||
||Disposals||||(1,167)||||||(6)||(1,173)||
||At 31December 2020||||58,290|||290|369||||58,959||
||Depreciation||||||||||||||
||At 1January 2020|||||||235|149||10||394||
||Disposals||||||||||(3)||(3)||
||Charge for the year|||||||21|15||||36||
||At 31December 2020|||||||256|164||||427||
||Net Book Value||||||||||||||
||At 31December 2020||||58,290||||205|||3|58,532||
||At 31December 2019||||59,290|||45|220|||6|59,561||
|Freehold properties||and|land|fall into a number|||ofasset classes:||||||||
|||Glebe Houses|||Parsonage<br>Houses|||Education<br>Property|Other Houses||Board||Property|Total|
|||(Endowment)|||(Endowment)|||(Endowment)|(Restricted)||(Designated)||||
||||E'000||E'000|||E'000|E'000|||E'000||E'000|
|At 1January 2020|||12,028|||25,726||119||368|||21,049|59,290|
|Additions|||||||154||||||13|167|
|Disposa Is||||(147)|||(471)||||||(549)|(1,167)|
|Transfers|(note 14)|||(310)|||(7o)||||||380||
|At 31December 2020|||11,571|||25,339||119||368|||20,893|58,290|





## 

## 

|||At|Additions|Disposals|Transfers|Change|in|At|
|---|---|---|---|---|---|---|---|---|
|||11anuary||||Market||31December|
|||2020||||Value||2020|
|||E'000|E'000|E'000|E'000|E'000||E'000|
|Unrestricted|funds||||||||
|Listed investments||6,295||||390||6,685|
|Unlisted<br>investments||5||||||5|
|||6,300||||390||6,690|
|Restricted funds|||||||||
|Listed investments||2,820||||119||2,939|
|Endowment|funds||||||||
|Investment|property|14,108||(112)||479||14,475|
|Listed investments||20,860||||1,132||21,992|
|||34,968||(112)||1,612||36,468|
|Total EDBF||44,088||(112)||2,120||46,096|





## 

## 

## 

## 

|The corresponding|historical cost figures are:|Group|EDBF|Group|EDBF|
|---|---|---|---|---|---|
|||2020|2020|2019|2019|
|||E'000|E'000|E'000|f'000|
|Unrestricted<br>funds||||||
|Listed investments||3,336|3,336|3,336|3,336|
|Unlisted<br>investments||5|5|5|5|
|||3,341|3,341|3,341|3,341|
|Restricted funds||||||
|Listed investments||1,797|1,797|1,797|1,797|
|Endowment<br>funds||||||
|Investment<br>property||3,418|3,418|3,443|3,443|
|Listed investments||12,914|12,914|12,914|12,914|
|||16,332|16,332|16,357|16,357|
|Total||21,470|21,470|21,495|21,495|





## 

## 

## 

||||||||||
|---|---|---|---|---|---|---|---|---|
|18.|DEBTORS —GROUP|and EDBF|||Group|EDBF|Group|EDBF|
||||||2020|2020|2019|2019|
||||||E'000|E'000|E'000|E'000|
||Due within one year||||||||
||Loans to parishes||||82|82|137|137|
||Common<br>Fund||||200|200|201|201|
||Gift aid from EDPS Ltd|||||56||80|
||Current account with subsidiary|||company||59|||
||Department<br>for Education/||governors||650|650|149|149|
||Prepayments||||194|194|215|215|
||Other debtors||||778|684|665|616|
||||||1,904|1,925|1,367|1,398|
||Due after more than one|year|||||||
||Loans to parishes||||76|76|98|98|
||Loan to St Mellitus<br>College||||40|40|40|40|
||Other debtors and prepayments||||20|20|25|25|
||||||136|136|163|163|
||Total debtors||||2,040|2,061|1,530|1,561|
|19.|CREDITORS: amounts||falling due within one year||||||
||||||Group|EDBF|Group|EDBF|
||||||2020|2020|2019|2019|
||||||E'000|E'000|E'000|f'000|
||Trade creditors||||71|71|82|82|
||Taxation and social security||||73|46|73|48|
||Other creditors and accruals||||887|887|464|461|
||Proceeds of property<br>sold by Board payable||||||||
||to external organisations||||51|51|51|51|
||Receipts in advance||||122|101|66|48|
||CBFLoans —Photovoltaic|Panels||Iparsonages)|34|34|34|34|
||Natwest<br>Loan —CBILS||||133|133|||
||Pension scheme liabilities||||||||
||Lay Defined Benefit Scheme||||153|153|153|153|
||Clergy Pension Scheme||||619|619|619|619|
||Total creditors: amounts|falling||due within one year|2,143|2,095|1,542|1,496|





## 

## 

## 

|REDITORS: amounts|f|alli|ng due|after mo|re than on|e year||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Group|EDBF||Group||EDBF|
|||||||2020|2020||2019||2019|
|||||||E'000|E'000||E'000||E'000|
|Loan repayment<br>instalments|||due after more than||one|||||||
|year||||||||||||
|CBF Loans —Photovoltaic||Panels (parsonages)||||69|69||103||103|
|Natwest<br>Loan —CBILS||||||1,867|1,867|||||
|Church Commissioners|value-linked|||loans||119|119||119||119|
|Other creditors and accruals|||||||||2||2|
|||||||2,055|2,055||224||224|
|Pension Scheme liabilities||||||||||||
|Lay Defined Benefits Scheme||||||822|822||928||928|
|Clergy Pension Scheme||||||75|75||603||603|
|||||||897|897||1,531||1,531|
|Total creditors: amounts||falling due||after more|than|2,952|2,952||1,755||1,755|
|one year||||||||||||
|||||||||2020||2019||
|||||||||E'000||E'000||
|The maturity<br>ofthe above||loans may||be analysed|as follows:|||||||
|Between one and two years||||||||168||35||
|Between two and five years||||||||1,768||68||
|ln five years and more||||||||119||119||
|||||||||2,055||222||





## 

## 

## 

## 

|||||Balances at 1|income|Expenditure|Transfers|Gains and|Balances at|
|---|---|---|---|---|---|---|---|---|---|
|||||January 2020||||Losses|December 2I|
|||||E'000|E'000|E'000|E'000|E'000|E'000|
|UNRESTRICTED FUNDS||||||||||
|General||||7,141|12,158|(10,947)|(726)|395|8,021|
|Church<br>Buildings|Fund|||677||||(5)|672|
|Board Properties||||19,486|||378||19,864|
|Clergy Housing<br>Repairs||||191|||29||220|
|Diocesan Mission|Funds|||274|||||276|
|Clergy Conference|Fund|||97|||30||127|
|Burrington<br>School|Fund||||27||||27|
|Plymouth<br>SDF Project||||197||(4)|||193|
|Miscellaneous<br>Funds||||101|||37||138|
|||||21,023|27|(2)|474|(5)|21,517|
|RESTRICTED FUNDS||||||||||
|Diocesan Pastoral|Account|||3,597|71|(3)||126|3,791|
|Diocesan Stipends|income|||26|2,159|(2,159)|||26|
|Bampton School sale||||314|||||314|
|Agricultural/Rural||||10|||||10|
|Retired Clergy Housing||||231|7|||(7)|231|
|Growth<br>8 Mission|Fund|||1,130|101|(208)|||1,023|
|Strategic Development||Projects||11|387|(390)|||8|
|Ministerial<br>Education||Training|||287|(287)||||
|Strategic Ministry|Fund||||48|(48)||||
|Clergy Widows||||99|||||99|
|Cooper Legacy||||21||(3)|||18|
|Cooper Armstrong|Legacy|||14||(8)|||6|
|Miscellaneous<br>Restricted|||Funds||58|(55)|||3|
|||||5,453|3,118|3,161||119|5,529|
|ENDOWMENT<br>FUNDS||||||||||
|Permanent||||||||||
|Dr Nobbs||||75|||||81|
|Expendable||||||||||
|Diocesan Stipends|Capital|||38,938|216||168|1,508|40,830|
|Benefice Property||||25,751|833||84||26,668|
|Church Schools||||3,895||||57|3,952|
|The Church College Hostel|||Trust|740||||40|780|
|||||69,399|1,049||252|1,611|72,311|
|EDBFTotal funds||||103,016|16,352|(14,110)||2,120|107,378|
|Subsidiaries||||||||||
|General<br>Funds||||||||||
|EDPS Ltd|||||155|(155)||||
|Group Total||||103,025|16,507|(14,265)||2,120|107,387|





## 

## 

## 

|SUMMARY OF ASSETS|SUMMARY OF ASSETS|BYFUND|BYFUND|||Current||Net|
|---|---|---|---|---|---|---|---|---|
|||||Tangible/|Investments|Assets|Creditors|Assets|
|||||Intangible|||||
|||||Fixed Assets|||||
|||||E'000|E'000|E'000|E'000|E'000|
|Unrestricted<br>funds —General||||1,211|6,592|4,071|(3,853)|8,021|
|Unrestricted<br>-designated|||||||||
|Church<br>Buildings|Fund||||98|574||672|
|Board Properties||||19,981||3|(120)|19,864|
|Clergy Housing<br>Repairs||||||220||220|
|Diocesan Mission|Funds|||||279|(3)|276|
|Clergy Conference|Fund|||||127||127|
|Burrington<br>School|Fund|||||27||27|
|Plymouth<br>SDF Project||||||193||193|
|Miscellaneous<br>Designated|||Funds|||138||138|
|||||19,981|98|1,561|(123)|21,517|
|Restricted|||||||||
|Diocesan Pastoral|Account||||2,784|1,007||3,791|
|Diocesan Stipends|Income|||||123|(97)|26|
|Bampton School sale||||||314||314|
|Agricultural/Rural||||||10||10|
|Retired Clergy Housing||||346|155|(270)||231|
|Growth<br>gt Mission|Fund|||||1,029|(5)|1,024|
|Strategic Development||Fund Projects||||140|(133)|7|
|Ministerial<br>Education<br>Training||||||37|(37)||
|Strategic Ministry|Fund|||||6|(6)||
|Clergy Widows||||21||78||99|
|Cooper Legacy||||||18||18|
|Cooper Armstrong|Legacy|||||6||6|
|Miscellaneous<br>Restricted|||Funds|||79|(76)|3|
|||||367|2,939|2,576|(353)|5,529|
|Endowment|||||||||
|Permanent|||||||||
|Dr Nobbs|||||75||||
|Expendable|||||||||
|Diocesan Stipends|Capital|||11,571|32,340|(2,387)|(694)|40,830|
|Benefice Property||||25,340||1,348|(20)|26,668|
|Church Schools||||119|3,272|561||3,952|
|Church College Hostel Trust|||||780|||780|
|||||37,030|34,467|(472)|(714)|72,311|
|Total EDBFfunds||||58,589|46,096|7,736|(5,043)|107,378|
|Subsidiaries|||||||||
|EDPS Ltcl||||||61|(52)||
|Total Group funds||||58,589|46,096|7,797|(5,095)|107,387|





## 

## 

## 

## 



## 

## 

## 

|Diocesan Pastoral|account|account|(continued)||
|---|---|---|---|---|
||||~<br>Other purposes ofthe Diocese or any benefice or parish<br>in the||
||||Diocese;||
||||~<br>To make grants or loans to any other Diocese; and||
||||~<br>To transfer<br>funds to the diocesan stipends<br>fund income or||
||||capital accounts.||
|Diocesan stipends|income||This restricted<br>fund represents<br>the income from the Diocesan||
||||Stipends Capital account, which has not yet been applied to pay||
||||clergy stipends.||
|Bampton School sale|||This restricted<br>fund was created to separately<br>identify the previous||
||||Bampton School sale proceeds from the general<br>Church School||
||||funds.||
|Agricultural/rural|funds||This restricted<br>fund represents<br>donations<br>received to enable the||
||||Diocese to provide support to the farming<br>community<br>across the||
||||Diocese.||
|Retired clergy housing|||This restricted<br>fund represents<br>the properties<br>and any sale proceeds||
||||held for this purpose.||
|Growth<br>and Mission fund|||This restricted<br>fund was established<br>in 2015to provide<br>funding|for|
||||specific growth<br>initiatives<br>across the Diocese. Three have so far||
||||been approved<br>by Diocesan Synod —Growing the rural church,|new|
||||housing areas and local mission community<br>support.||
|SDF Projects|||This restricted<br>fund was established<br>to hold any funding<br>received or||
||||due<br>in relation to those projects receiving Strategic Development||
||||Funding.<br>EDBF is not deemed to have the benefit ofthe income||
||||associated<br>with these projects until the expenditure<br>has been||
||||incurred<br>and claimed accordingly.<br>Any changes to the original||
||||submission<br>have to be approved<br>by the Church Commissioners.||
|Ministerial<br>Education||Training|||
||||This restricted<br>fund represents<br>the balance at any time on the||
||||funding ofordinands<br>training.||
|Strategic Ministry|Fund||This restricted<br>fund was established<br>in 2020 to manage the grant||
||||funding<br>received from the Archbishops'<br>Council to support the||
||||appointment<br>of additional<br>stipendiary<br>curates.||
|Clergy widows|||This restricted<br>fund represents<br>properties<br>purchased<br>from||
||||donations to provide for clergy widows.||





## 

## 



## 

## 

## 

## 

||2020|2019|
|---|---|---|
||f'000|f'000|
|Non-Land<br>& Buildings operating leases:|||
|Within one year ofthe balance sheet date|22|22|
|In the second to fifth years inclusive ofthe balance sheet date|27|47|



## 

## 

## 



## 

## 

## 



## 

## 

|%of pensionable|stipends|1January 2018to|1January 2021to|
|---|---|---|---|
|||31December 2020|31December 2022|
|Deficit repair contributions||119%|7.1%|





## 

## 

## 

|||2020|2020|2019|
|---|---|---|---|---|
|Balance sheet liability at|1January|1,222,000||3,944,000|
|Deficit contribution<br>paid||(576,000)||(573,000)|
|Interest cost (recognised|in SOFA)||10,000|77,000|
|Remaining<br>change to the|balance sheet liability*||38,000|(2,226,000)|
|(recognised<br>in SOFA)|||||
|Balance sheet liability at 31December|||694,000|1,222,000|
|*Comprises<br>change<br>in agreed deficit recovery||plan and change|in discount|rate and|
|assumptions<br>between|year-ends.||||



||||December 2020||December|2019|December 2018|
|---|---|---|---|---|---|---|---|
|Discount rate|||0.2% pa||1.1%|pa|2.1%pa|
|Price inflation|||3.1%pa||2.8%|pa|3.1%pa|
|Increase to total pensionable||payroll|1.6%pa||1.3%|pa|1.6% pa|
|The legal structure|ofthe Scheme is such that ifanother|||Responsible||Body|fails, EDBFcould|
|become responsible|for paying||a share ofthat Responsible||Body's pension||liabilities.|



## 



## 

## 



## 

## 

|||2020|2019|
|---|---|---|---|
|Balance sheet liability at|1January|1,081,000|1,175,000|
|Deficit contribution<br>paid||(127,000)|(119,000)|
|Interest cost (recognised|in SOFA)|14,000|24,000|
|Remaining<br>change to the|balance sheet liability*|7,000|1,000|
|(recognised<br>in SOFA)||||
|Balance sheet liability at|31December|975,000|1,081,000|



|||December 2020|December 2019|December 2018|
|---|---|---|---|---|
|Discount|rate|p 50/a|1.409a|2.20/o|



## 



## 

## 

## 



## 

## 

## 

## 

|||As at 11anuary|Cash flows|At 31December|
|---|---|---|---|---|
|||2020||2020|
|||E'000|E'000|E'000|
|Cash|at bank and in hand|1,103|4,620|5,723|
|Cash|equivalents|34||34|
|Debt|due after 1year|(222)|(1,833)|(2,055)|
|Debt|due within 1year|(34)|(133)|(167)|
|||881|2,654|3,535|



## 

## 

|The financial assets|The financial assets|held|held|in this|way may be summarised|way may be summarised|as follows:|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
|||||||||f'000|E'000|
|CBFChurch of|England<br>Investment||Fund income shares|||||13,011|12,237|
|CBFChurch of|England<br>Investment||Fund accumulation|||shares||694|635|
|CBFChurch of|England<br>Fixed interest|||Securities|Fund shares|||321|310|
|CBFChurch of|England<br>Property|Fund||shares||||946|995|
|CBFGlobal Equity Income Fund||||||||1,101|925|
|Charifund<br>—Income Units||||||||2,422|2,941|
|Charibond<br>Fixed Interest Income||||||||8|8|
|Other common|investment<br>fund|holdings||||||134|134|
|Direct holdings|in UK gilts|||||||45|41|
|Other fixed interest stocks||||||||22|16|
|CBFChurch of|England<br>Deposit Fund|||||||2,446|1,308|
|Charles Stanley||||||||772|809|
|Brewin Dolphin||||||||1,261|1,279|
|Cash at bank||||||||4|34|
|Total assets held as custodian trustee||||||||23,187|21,672|





## 

## 

## 

## 



## 

## 

## 

## 

## 

|off1|each. A summa|ry<br>ofthe trading|results<br>is shown below:||
|---|---|---|---|---|
||||2020|2019|
|Summary<br>profit|and loss account||E'000|E'000|
|Turnover|||204|261|
|Cost of sales|||(152)|(185)|
|Gross Profit|||52|76|
|Administrative<br>expenses|||(3)|(3)|
|Other operating|income||7|8|
|Operating<br>profit|||56|81|
|Gift made to parent company|||(56)|(81)|
|Loss after tax|||||
|Assets and liabilities|||||
|Current assets|||176|136|
|Current<br>liabilities|||(167)|(127)|
|Total net assets|||||
|Capital and reserves|||||
|Issued share capital and retained||profit|||





## 

## 

## 

## 

|s the sole financial<br>ben|efici|ary.<br>A summary<br>ofthe r|esults for the yea|r is shown<br>b|
|---|---|---|---|---|
||||2020|2019|
|Summary<br>receipts and payments||accounts|E'000|E'000|
|Investment<br>income||||21|
|Grants transferred<br>to The Diocesan Board of Education||||(21)|
|Surplus/(deficit)<br>for the year|||||
|Gains/(losses)<br>on investments||||94|
|Net movement<br>in funds||||94|
|Funds|||||
|Market value of investments|at 1January|||646|
|Net realised and unrealised|gains|on investments||94|
|Transfer of investments<br>to EDBF Ltd||||(740)|
|Market value of investments|at 31December||||





## 

## 

## 

||||Unrestricted|Unrestricted|funds|Restricted|Endowment|Total funds|
|---|---|---|---|---|---|---|---|---|
||||General|Designated||Funds|Funds|2019|
|||Note|E'000||f'000|E'000|E'000|E'000|
|Income and endowments|||||||||
|from|||||||||
|Donations|||||||||
|Parish contributions|||9,079|||||9,079|
|Archbishop's<br>Council|||95|||1,265||1,360|
|Other donations|||217|||1,012||1,229|
|Charitable<br>activities|||716|||40||756|
|Other trading<br>activities|||1,437|||||1,437|
|investments|||339|||979||1,318|
|Total income and|||11,883|||3,296||15,179|
|endowments|||||||||
|Expenditure<br>on|||||||||
|Raising funds|||212|||49||261|
|Charitable<br>activities|||9,204||(18)|3,456||12,642|
|Other||||||2||2|
|Total expenditure|||9,416||(18)|3,507||12,905|
|Net income/(expenditure)|||||||||
|before investment|gains||2,467||18|(211)||2,274|
|Net gains on investments|||908||(2)|298|2,237|3,441|
|Net income/(expenditure)|||3,375||16|87|2,237|5,715|
|Transfers between|funds|14|378||(665)|(200)|487||
|Net movement<br>in funds|||3,753||(649)|(113)|2,724|5,715|
|Total funds brought|||3,397||21,672|5,566|66,675|97,310|
|forward|||||||||
|Total funds carried||21|7,150||21,023|5,453|69,399|103,025|
|forward|||||||||





## 

## 

## 

|||Unrestricted|Unrestricted|funds|Restricted|Endowment|Total funds|
|---|---|---|---|---|---|---|---|
|||General|Designated||Funds|Funds|2019|
|||E'000||E'000|E'000|E'000|E'000|
|Current|Year assessments|9,377|||||9,377|
|Shortfall|in contributions|(414)|||||(414)|
|||8,963|||||8,963|
|Receipts|for previous years|116|||||116|
|Total Income||9,079|||||9,079|



## 

|||Unrestricted|Unrestricted|funds|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|
||||||||funds|
|||General|Designated||Funds|Funds|2019|
|||E'000||E'000|E'000|E'000|E'000|
|Lowest Income|||||1,265||1,265|
|Communities|Funding|||||||
|Transitional|funding|95|||||95|
|||95|||1,265||1,360|





## 

## 

## 

||||||||||Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||funds|Restricted|Endowment|funds|
|||||General|Designated||Funds|Funds|2019|
|||||E'000||E'000|E'000|E'000|E'000|
|All Churches||Trust Grant||180|||||180|
|Donations|and||grants|37|||781||818|
|Resourcing<br>Education||Ministerial|||||231||231|
|||||217|||1,012||1,229|
|HARITAB|L|E|ACTIVITIES|||||||
||||||||||Total|
|||||Unrestricted||funds|Restricted|Endowment|funds|
|||||General|Designated||Funds|Funds|2019|
|||||E'000||E'000|E'000|E'000|E'000|
|Statutory fees||||591|||||591|
|Chaplaincy||income||35|||40||75|
|Feed in/Export|||Tariffs|||||||
|- PV panels||||26|||||26|
|Course/training|||fees|24|||||24|
|Miscellaneous|||income|40|||||40|
|||||716|||40||756|



## 

## 

|OTHER|TRADING ACTI|VITIES||||||
|---|---|---|---|---|---|---|---|
||||||||Total|
|||Unrestricted||funds|Restricted|Endowment|funds|
|||General|Designated||Funds|Funds|2019|
|||E'000||E'000|E'000|E'000|E'000|
|Housing|income|1,155|||||1,155|
|Other rentalincome||13|||||13|
|Trading|—EDPS Ltd|269|||||269|
|||1,437|||||1,437|





## 

## 

|||||||Total|
|---|---|---|---|---|---|---|
|||Unrestricted|funds|Restricted|Endowment|funds|
|||General<br>Designated||Funds|Funds|2019|
|||E'000|E'000|E'000|E'000|E'000|
|Dividends|receivable|333||621||954|
|Interest receivable||6||||6|
|Rents receivable||||358||358|
|||339||979||1,318|



## 

||||||Total|
|---|---|---|---|---|---|
|Unrestricted||funds|Restricted|Endowment|funds|
|General|Designated||Funds|Funds|2019|
|E'000||E'000|E'000|E'000|E'000|



## 

|OSTS OF RAISING FUNDS|||||||
|---|---|---|---|---|---|---|
|||||||Total|
||Unrestricted||funds|Restricted|Endowment|funds|
||General|Designated||Funds|Funds|2019|
||E'000||E'000|E'000|E'000|E'000|
|Glebe agents' fees||||34||34|
|Other glebe expenses|24|||15||39|
|Trading activities —EDPS Ltd|188|||||188|
||212|||49||261|





## 

## 

## 

|HARITABLE ACTI|VITIE|S|||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Total|
||||Unrestricted||funds|Restricted|Endowment|funds|
||||General|Designated||Funds|Funds|2019|
||||E'000||E'000|E'000|E'OM|E'000|
|Contributions<br>to|||||||||
|Archbishops'<br>Council|||||||||
|Training for Ministry|||346|||||346|
|National<br>Church|||||||||
|Responsibilities|||275|||||275|
|Grants and provisions|||29|||||29|
|Mission agency pension|||||||||
|Costs|||||||||
|Retired clergy housing|||||||||
|Costs||||||118||118|
|Pooling of ordinands'|||||||||
|maintenance<br>grants|||80|||||80|
||||734|||118||852|
|Resourcing<br>Ministry|and||||||||
|Mission|||||||||
|Parish Ministry|||||||||
|Stipends<br>and national|||||||||
|Insurance|||3,322|||2,191||5,513|
|Pension costs|||1,268|||16||1,284|
|Housing costs|||2,480|||||2,480|
|Removal, resettlement|||||||||
|and grants|||176|||||176|
|Clergy Pension<br>Fund|Deficit||(2,149)|||||(2,149)|
|Other expenses|||257|||40||297|
||||5,354|||2,247||7,601|
|Support for parish<br>ministry|||||||||
|Mission and Ministry|||1,170||(18)|1,042||2,194|
|Church and Society|||41|||||41|
|Cooper Legacy grants||||||18||18|
|Cooper Armstrong<br>Legacy||||||16||16|
|Support services|||1,271|||||1,271|
|Lay Pension<br>Deficit|Fund||25|||||25|
||||2,507||(18)|1,076||3,565|
||||7,861||(18)|3,323||11,166|
|Expenditure<br>on Education||and|Church of England||Schools||||
|Support for church schools|||||||||
|and parishes|||609|||15||624|
||||9,204||(18)|3,456||12,642|





## 

## 

|ED||||||
|---|---|---|---|---|---|
||||||Total|
|Unrestricted||funds|Restricted|Endowment|funds|
|General|Designated||Funds|Funds|2019|
|E'000||E'000|E'000|E'000|E'000|



## 

|||||||||Pension||
|---|---|---|---|---|---|---|---|---|---|
||||||Activities|Grant||Deficit||
||||||Undertaken|Funding of|Support|Fund|Total costs|
||||||Directly|Activities|Costs|Adjustment|2019|
||||||E'000|E'000|E'000|E'000|E'000|
|Raisings funds|||||261||||261|
|Charitable|activities:|||||||||
|Contributions||to Archbishop's||Council||852|||852|
|Resourcing||parish|ministry||11,029|990|1,271|(2,124)|11,166|
|Education|||||624||||624|
|Other resources expended|||||2||||2|
||||||11,916|1,842|1,271|(2,124)|12,905|



## 

|ANALYSIS OF SUPPORT|COSTS|||||
|---|---|---|---|---|---|
||||||Total|
||Unrestricted|funds|Restricted|Endowment|funds|
||General<br>Designated||Funds|Funds|2019|
||E'000|E'000|E'000|E'000|E'000|
|Central|1,124||||1,124|
|support/administration||||||
|Governance:||||||
|External audit of EDBF|23||||23|
|External audit of EDPS|3||||3|
|Registrar and Chancellor|90||||90|
|Synodical costs|31||||31|
||1,271||||1,271|





## 

## 

## 

|ANALYSIS OF GRANTS MADE|ANALYSIS OF GRANTS MADE|ANALYSIS OF GRANTS MADE|ANALYSIS OF GRANTS MADE|ANALYSIS OF GRANTS MADE||Nbr.|Individuals|Institutions|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||||2019|
||||||||E'000|E'000|E'000|
|From unrestricted<br>funds|||for|national|Church|||||
|responsibilities:||||||||||
|Contributions<br>to Archbishop's||||Council||||734|734|
|From unrestricted<br>funds:||||||||||
|Ordinands<br>in training||||||38|137||137|
|Clergy ordination||||||14|35||35|
|Clergy resettlement||||||26|58||58|
|Clergy removals||||||33|77||77|
|Clergy 1"incumbency||||||7|17||17|
|Churches togetherin|Devon|||||1||5|5|
|Church schools —Repairs/improvements||||||1||8|8|
|Church schools —Learn||Teach||Read||1||35|35|
|Mustard<br>Seed Fund||||||10||4|4|
|Unlimited<br>Church||||||1||15|15|
|Growth<br>and mission||||||13||51|51|
|Other small grants||||||26||5|10|
|Adjustments<br>for grants||not claimed||||||(36)|(36)|
|||||||171|329|87|416|
|From<br>restricted<br>funds|||for|national|Church|||||
|responsibilities:||||||||||
|Contributions<br>to Archbishop's||||Council||||118|118|
|From restricted funds|for||various purposes|||||||
|within<br>resourcing<br>parish|||ministry:|||||||
|Cooper Legacy Fund||||||||18|18|
|Cooper Armstrong<br>Legacy||||||||16|16|
|New Church Schools||||||||15|15|
|Strategic Development||Fund||||||525|525|
|Total||||||13||574|574|
|Total||||||190|329|1,513|1,842|





## 

## 

## 

||||||Balances at 1|Income|Expenditure|Transfers|Gains and|Balances a|
|---|---|---|---|---|---|---|---|---|---|---|
||||||1anuary 2019||||Losses|31Decemb|
|||||||||||2019|
||||||f'000|f'000|f'000|f'000|f'000|f'000|
|UNRESTRICTED FUNDS|||||||||||
|General|||||3,388|11,695|(9,228)|378|908|7,141|
|Church<br>Buildings|Fund||||679||||(2)|677|
|Board Properties|||||20,294|||(808)||19,486|
|Clergy Housing<br>Repairs|||||282|||(91)||191|
|Diocesan Mission|Funds||||253||21|||274|
|Clergy Conference|Fund||||67|||30||97|
|Plymouth<br>SDF Project|||||||(3)|200||197|
|Miscellaneous<br>Funds|||||97|||4||101|
||||||21,672||18|(665)|(2)|21,023|
|RESTRICTED FUNDS|||||||||||
|Diocesan Pastoral|Account||||3,224|71|||302|3,597|
|Diocesan Stipends|Income||||26|2,163|(2,163)|||26|
|Bampton School sale|||||329||(15)|||314|
|Agricultural/Rural|||||10|||||10|
|Retired Clergy Housing|||||346|9|(120)||(4)|231|
|Growth<br>& Mission|Fund||||1,258|117|(245)|||1,130|
|Strategic Development|||Projects||206|664|(659)|(200)||11|
|Ministerial<br>Education||Training||||231|(231)||||
|Clergy Widows|||||99|||||99|
|Cooper Legacy|||||38||(18)|||21|
|Cooper Armstrong|Legacy||||30||(16)|||14|
|Miscellaneous<br>Restricted||||Funds||40|(40)||||
||||||5,566|3,296|(3,507)|(200)|298|5,453|
|ENDOWMENT<br>FUNDS|||||||||||
|Permanent|||||||||||
|Dr Nobbs|||||64|||||75|
|Expendable|||||||||||
|Diocesan Stipends|Capital||||37,013||||1,925|38,938|
|Benefice Property|||||25,264|||487||25,751|
|Church Schools|||||3,688||||207|3,895|
|The Church College|Hostel|||Trust||740||||740|
||||||66,029|740||487|2,143|69,399|
|EDBFTotal funds|||||96,655|15,731|(12,717)||3,347|103,016|
|Subsidiaries|||||||||||
|General Funds|||||||||||
|EDPS Ltcl||||||188|(188)||||
|Expendable<br>endowment|||||||||||
|The Church<br>College|Hostel|||Trust|646||(740)||94||
|Elimination<br>of intergroup|||transactions|||(740)|740||||
|Group Total|||||97,310|15,179|(12,905)||3,441|103,025|





## 

## 

|A22.|SUMMARY OF ASSETS|SUMMARY OF ASSETS|SUMMARY OF ASSETS|SUMMARY OF ASSETS|BYFUND|BYFUND|||Current||Net|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Tangible/|Investments|Assets|Creditors|Assets|
||||||||Intangible|||||
||||||||Fixed Assets|||||
||||||||E'000|E'000|E'000|E'000|E'000|
||Unrestricted<br>funds —General||||||1,724|6,197|924|(1.704)|7,141|
||Unrestricted<br>-designated|||||||||||
||Church<br>Buildings|Fund||||||103|574||677|
||Board Properties||||||19,602||2|(118)|19,486|
||Clergy Housing<br>Repairs||||||||191||191|
||Diocesan Mission||Funds||||||281|(7)|274|
||Clergy Conference||Fund||||||97||97|
||Plymouth<br>SDF Project||||||||197||197|
||Miscellaneous<br>Designated|||||Funds|||101||101|
||||||||19,602|103|1,443|(125)|21,023|
||Restricted|||||||||||
||Diocesan<br>Pastora|I|Account|||||2,659|939|(1)|3,597|
||Diocesan Stipends||income||||||123|(97)|26|
||Bampton School Sale||||||||329|(15)|314|
||Agricultura<br>I/Rura|I|||||||10||10|
||Retired Clergy Housing||||||347|161|(277)||231|
||Growth 5 Mission||Fund||||||1,135|(5)|1,130|
||Strategic Development||||Fund Projects||||13|(2)|11|
||Ministerial<br>Education|||Training|||||1|(1)||
||Clergy Widows||||||21||78||99|
||Cooper Legacy||||||||21||21|
||Cooper Armstrong||Legacy||||||14||14|
||Miscellaneous<br>Restricted|||||Funds|||66|(66)||
||||||||368|2,820|2,452|(187)|5,453|
||Endowment|||||||||||
||Permanent|||||||||||
||Dr Nobbs|||||||69|||75|
||Expendable|||||||||||
||Diocesan Sti pend s||Capital||||12,028|30,944|(2,812)|(1,122)|38,938|
||Benefice Property||||||25,726||37|(12)|25,751|
||Church Schools||||||119|3,215|561||3,895|
||Church<br>College I-lostel|||Trust||||740|||740|
||||||||37,873|34,968|(2,208)|(1,234)|69,399|
||Total EDBFfunds||||||59,567|44,088|2,611|(3,250)|103,016|
||Subsidiaries|||||||||||
||EDPS Ltcl||||||||56|(47)|9|
||Total Group funds||||||59,567|44,088|2,667|(3,297)|103,025|