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|TABLE OF CONTENTS||||Page|
|---|---|---|---|---|
|Number|||||
|Our Vision|||||
|Lega<br>I Objects|||||
|Strategic Report|||||
|Strategic aims||||3|
|Objectives for the|year|||4|
|Activities and achievements||in|the year|5|
|Key performance|indicators|||9|
|Future plans||||10|
|Section 172statement||||10|
|Financial<br>review||||11|
|Principal<br>risks and|uncertainties|||14|
|Covid-19 Financialupdate||||17|
|Structure<br>and Governance||||18|
|Trustees'<br>Responsibilities||||25|
|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 EDBFBalance Sheet||||37|
|Consolidated<br>Cash Flow Statement||||39|
|Notes to the Consolidated|Financial|Statements||40|



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|e diocesan website. The|key me|asures<br>are sh|own<br>in the table below:|||
|---|---|---|---|---|---|
|Area|||Target for 2021|Actual delivery|in|
|||||2021||
|Common<br>Fund collection|rate||90.0%|91.4%||
|Total number of parishes|signed|up as|260|254||
|members ofthe Parish Giving Scheme||||||
|(based on 10%per annum<br>Total EDBFincome|target|increase)|f12,224k|f12,600k||
|(excluding asset sales and|revaluations)|||||
|Total EDBF Expenditure<br>(excluding<br>capital works and asset|||f14,170k|f13,473k||
|revaluations)||||||





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||||Funds at|31|Proportion|Income yield|Total Return|
|---|---|---|---|---|---|---|---|
||||December||of Portfolio|in year|in year|
||||2021|||||
||||K'000|||||
|CCLA Managed||||||||
|CBFInvestment||Fund|39,966||99.3%o|2.82%|+19.01%|
|CBFProperty|Fund|||266|0.7%|4.31%o|t14.39%%uo|
|CBFDeposit|Fund|||8||0.05%|t0.05%|
|Other Funds||||||||
||||40,245||100 Oo|||



|ccount (s|ee notes 21 —23)|.|||
|---|---|---|---|---|
|||Funds at 31|Income yield|Total Return|
|||December|in year|in year|
|||2021|||
|||E'000|||
|Investment|Properties|15,553|2.60%|12.29%|



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||||Unrestricted|Unrestricted|funds|Restricted|Endowment|Total funds|Total funds|
|---|---|---|---|---|---|---|---|---|---|
||||General|Designated||Funds|Funds|2021|2020|
|||Note|E'000||E'000|E'000|E'000|E'000|E'000|
|Income and endowments||||||||||
|from||||||||||
|Donations||||||||||
|Parish contributions|||8,298|||||8,298|8,332|
|Archbishop's<br>Council||||||1,369||1,369|1,744|
|Other donations|||194|||928||1,129|1,133|
|Charitable<br>activities|||656|||35||691|607|
|Other trading activities|||1,581|||||1,581|1,332|
|Investments|||391|||1,024||1,415|1,334|
|Other|||678||||553|1,231|2,025|
|Total income and|||11,798|||3,356|553|15,714|16,507|
|endowments||||||||||
|Expenditure<br>on||||||||||
|Costs of raising funds||7|230|||82||312|229|
|Charitable<br>activities||8|10,230||120|3,396||13,746|14,036|
|Other||9||||||||
|Total expenditure|||10,460||120|3,478||14,058|14,265|
|Net income/(expenditure)||||||||||
|before investment|gains||1,338||(113)|(122)|553|1,656|2,242|
|Net gain/(loss)<br>on||17|1,189||13|364|4,402|5,968|2,120|
|investments||||||||||
|Net income/(expenditure)|||2,527||(100)|242|4,955|7,624|4,362|
|Transfers between|funds|14|(734)||687|(28)|75|||
|Net movement<br>in funds|||1,793||587|214|5,030|7,624|4,362|
|Total funds brought|||8,030||21,517|5,529|72,311|107,387|103,025|
|forward||||||||||
|Total funds carried||21|9,823||22,104|5,743|77,341|115,011|107,387|
|forward||||||||||





## 

|||||Total|Total|
|---|---|---|---|---|---|
|||||2021|2020|
|||||E'000|f'000|
|Total incoming resources||||15,161|15,458|
|Resources expended||||(14,058)|(14,265)|
|Operating<br>surplus/(deficit)||for the year||1,103|1,193|
|Net gain/(loss)<br>on investments||||1,566|509|
|Net income for the year||||2,669|1,702|
|Other comprehensive|income:|||||
|Net assets transferred|from/(to)||endowments|(75)|(252)|
|Total comprehensive|income|||2,594|1,450|





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|At 31December 202|1|||||||
|---|---|---|---|---|---|---|---|
|Company<br>IVumber- 186001|||2021|||2020||
|||Note|Group|EDBF|Group||EDBF|
||||E'000|E'000|E'000||E'000|
|FIXEDASSETS||||||||
|Intangible<br>Assets||15|72|72|57||57|
|Tangible assets||16|58,562|58,562|58,532||58,532|
|Investments||17|55,798|55,798|46,096||46,096|
|Totalfixed assets|||114,432|114,432|104,685||104,685|
|CURRENT ASSETS||||||||
|Debtors||18|2,198|2,338|2,040||2,061|
|Cash on deposit|||34|34|34||34|
|Cash at bank and in hand|||2,045|1,833|5,723||5,645|
|Total current assets|||4,277|4,205|7,797||7,740|
|CREDITORS: amounts falling||||||||
|due within one year||19|(1,812)|(1,749)|(2,143)||(2,095)|
|IVETCURRENT ASSETS|||2,465|2,456|5,654||5,645|
|TOTAL ASSETSLESS CURRENT||||||||
|LIABILITIES|||116,897|116,888|110,339||110,330|
|CREDITORS: amounts falling due after one year||20|(1,886)|(1,886)|(2,055)||(2,055)|
|NETASSETSexcluding<br>Pension Liability due after one year|||||108,284||108,275|
|Defined Benefit Pension scheme liabilities||20|||(897)||(897)|
|TOTAL NETASSETS|||115,011|115,002|107,387||107,378|
|FUNDS||||||||
|Endowment<br>funds||||||||
|(Including investment<br>revaluation<br>E24,389k(2020:E20,136k))|reserve of||77,341|77,341|72,311||72,311|
|Restricted income funds||||||||
|(Including investment<br>revaluation<br>E1,503k(2020:f1,141k))|reserve of||5,743|5,743|5,529||5,529|
|Unrestricted<br>income funds:||||||||
|General Funds (Including investment||||||||
|revaluation<br>reserve ofE4,501k(2020:E3,356k))|||9,814|9,814|8,021||8,021|
|Designated<br>Funds (Includinginvestment||||||||
|revaluation<br>reserve ofE6k (2020:(E7k))|||22,104|22,104|21,517||21,517|
|Trading subsidiary|||9||9|||
|TOTAL CHARITY FUNDS||22|115,011|115,002|107,387||107,378|





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|||||2021|||2020||
|---|---|---|---|---|---|---|---|---|
|||||E'000|E'000|E'000||E'000|
|Net cash inflow/(outflow)|from|operating|||||||
|Activities|||||(3,609)|||(2,958)|
|Cash flows from investing|activities||||||||
|Dividends, interest and rentfrominvestments||||2,717||2,455|||
|Proceeds from the sale of:|||||||||
|Tangible fixed assets||||1,789||3,307|||
|Fixed asset investments||||4,016|||||
|Purchase of:|||||||||
|Tangible fixed assets for the use of|||the EDBF|(399)||(233)|||
|Fixed asset investments||||(8,005)|||||
|Net cash provided by/(used|in)|investing|||||||
|Activities|||||118|||5,529|
|Cash flows from financing|activities||||||||
|Loans repaid by the EDBF||||(169)||(34)|||
|New lending<br>by EDBF||||(100)||(60)|||
|Loons repaid to EDBF||||82||143|||
|Cash inflow from new borrowing||||||2,000|||
|Net cash provided<br>by/(used|in)|financing|||||||
|Activities|||||(187)|||2,049|
|Change in cash and cash equivalents|||in the||||||
|reporting<br>period|||||(3,678)|||4,620|
|Cash and cash equivalents|at 1|January|||5,757|||1,137|
|Cash and cash equivalents|at 31December||||2,079|||5,757|
|Reconciliation ofnet movementsin|||funds to||||||
|net cash flow from operating<br>activities|||||||||
|Net movementin<br>funds for the||year|ended||||||
|31December|||||1,656|||2,242|
|Adjustments<br>for:|||||||||
|Depreciation/amortisation|charges||||51|||41|
|Dividends,<br>interest and rent|frominvestments||||(2,717)|||(2,455)|
|Surplus/(deficit)<br>on sale offunctional|||assets||(1,231)|||(2,025)|
|Decrease/(increase)<br>in debtors|||||(140)|||(593)|
|(Decrease)!i ncrease in credi|tors||||(1,228)|||(168)|
|Net cash provided by/(usedinj||operating|||||||
|activities|||||(3,609)|||(2,958)|
|Analysis ofcash and cash equivalents|||||||||
|Cash in hand|||||2,045|||5,723|
|Notice deposits (less than 3months)|||||34|||34|
||||||2,079|||5,757|





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|||Unrestricted|Unrestricted|funds|Restricted|Endowment|Total funds|Total funds|
|---|---|---|---|---|---|---|---|---|
|||General|Designated||Funds|Funds|2021|2020|
|||E'000||E'000|E'000|E'000|E'000|E'000|
|Current|Year|8,996|||||8,996|9,174|
|assessments|||||||||
|Shortfall|in contributions|(778)|||||(778)|(871)|
|||8,218|||||8,218|8,303|
|Receipts|for previous|80|||||80|24|
|years|||||||||
|Receipts|for future years||||||||
|Total Income||8,298|||||8,298|8,332|



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|||Unrestricted|Unrestricted|funds|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|
|||General|Designated||Funds|Funds|2021|2020|
|||E'000||E'000|E'000|E'000|E'000|E'000|
|Lowest Income|||||1,207||1,207|1,231|
|Communities|Funding||||||||
|Transitional|funding|||||||105|
|Strategic Ministry funding|||||162||162|58|
|Sustainability|funding|||||||350|
||||||1,369||1,369|1,744|





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|||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted||funds|Restricted|Endowment|funds|funds|
||||General|Designated||Funds|Funds|2021|2020|
||||E'000||E'000|E'000|E'000|E'000|E'000|
|All Churches||Trust Grant|158|||||158|169|
|Legacies|||19|||||19||
|Donations|and grants||17|||617||641|678|
|Resourcing||Ministerial||||311||311|286|
|Education||||||||||
||||194|||928||1,129|1,133|



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||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|funds|Restricted|Endowment|funds|funds|
||||General|Designated|Funds|Funds|2021|2020|
||||E.'000|E'000|E'000|E'000|E'000|E'000|
|Statutory fees|||528||||528|456|
|Chaplaincy|income||36||27||63|69|
|Feed in/Export||Tariffs|||||||
|- PV panels|||37||||37|39|
|Course/training||fees|17||||18|19|
|Miscellaneous||income|38||||45|24|
||||656||35||691|607|



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||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
|||Unrestricted||funds|Restricted|Endowment|funds|funds|
|||General|Designated||Funds|Funds|2021|2020|
|||E'000||E'000|E'000|E'000|E'000|E'000|
|Housing|income|1,286|||||1,286|1,105|
|Other rental income||16|||||16|16|
|Trading|—EDPS Ltd|279|||||279|211|
|||1,581|||||1,581|1,332|





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||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
|||Unrestricted||funds|Restricted|Endowment|funds|funds|
|||General|Designated||Funds|Funds|2021|2020|
|||E'000||E'000|E'000|E'000|E'000|E'000|
|Dividends|receivable|391|||620|||921|
|Interest receivable||||||||6|
|Rents receivable|||||404||404|407|
|||391|||1,024||1,415|1,334|



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|THER I|NCO|MING|RES|OURC|ES||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Total|Total|
||||||Unrestricted|funds|Restricted|Endowment|funds|funds|
||||||General<br>Designated||Funds|Funds|2021|2020|
||||||E'000|E'000|E'000|E'000|E'000|E'000|
|Gains on|sale|of Properties|||677|||553|1,230|2,025|
|Surplus|on|disposal|of|fixed|1||||1||
|assets|||||||||||
||||||678|||553|1,231|2,025|



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|OSTS OF RAISING FUNDS||||||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
||Unrestricted||funds|Restricted|Endowment|funds|funds|
||General|Designated||Funds|Funds|2021|2020|
||E'000||E'000|E'000|E'000|E'000|E'000|
|Glebe agents' fees||||47||47|30|
|Other glebe expenses|23|||35||58|44|
|Trading activities —EDPS Ltd|207|||||207|155|
||230|||82||312|229|





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||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|funds|Restricted|Endowment|funds|funds|
||||General<br>Designated||Funds|Funds|2021|2020|
||||E'000|E'000|E'000|E'000|E'000|E'000|
|Contributions<br>to|||||||||
|Archbishops'<br>Council|||||||||
|Training for Ministry|||346||||346|346|
|National<br>Church|||||||||
|Responsibilities|||242||||242|260|
|Grants and provisions|||30||||30|29|
|Mission agency pension|||||||||
|Costs|||16||||16|13|
|Retired clergy housing|||||||||
|Costs|||127||||127|124|
|Pooling of ordinands|||||||||
|maintenance<br>grants|||33||||33|52|
||||794||||794|824|
|Resourcing<br>Ministry|and||||||||
|Mission|||||||||
|Parish Ministry|||||||||
|Stipends and national|||||||||
|Insurance|||3,387||2,182||5,569|5,580|
|Pension costs|||1,532||40||1,572|1,297|
|Housing costs|||2,016||||2,016|1,987|
|Removal, resettlement|||||||||
|and grants|||198||||198|198|
|Clergy Pension<br>Fund|Deficit||7||||7|48|
|Other expenses|||255||188||443|317|
||||7,395||2,410||9,805|9,427|
|Support for parish<br>ministry|||||||||
|Mission and Ministry|||1,052|120|961||2,133|1,831|
|Church and Society|||57||||57|52|
|Mission and Ministry|grants||||3||3|16|
|Cooper Legacy grants|||||3||3|3|
|Cooper Armstrong<br>Legacy|||||6||6|8|
|Support services|||1,416||13||1,429|1,328|
|Lay Pension<br>Fund Deficit|||(975)||||(975)|21|
||||1,550|120|986||2,656|3,259|
||||8,945|120|3,396||12,461|12,686|
|Expenditure<br>on Education||and|Church of England|Schools|||||
|Support for church schools|||||||||
|and parishes|||491||||491|526|
||||10,230|120|3,396||13,746|14,036|





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|D|||||||
|---|---|---|---|---|---|---|
||||||Total|Total|
|Unrestricted||funds|Restricted|Endowment|funds|funds|
|General|Designated||Funds|Funds|2021|2020|
|E'000||f'000|E'000|E'000|E'000|E'000|



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|||||||||Pension|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Activities|Grant||Funds|||
||||||Undertaken|Funding of|Support|Deficit|Total costs|Total costs|
||||||Directly<br>E'000|Activities<br>E'000|Costs<br>f'000|Adjustment<br>E'000|2021<br>f'000|2020<br>E'000|
|Raisings funds|||||312||||312|229|
|Charitable|activities:||||||||||
|Contributions||to Archbishop's||Council||794|||794|824|
|Resourcing||parish|ministry||11,121|886|1,429|(975)|12,461|12,686|
|Education|||||491||||491|526|
|Other resources expended|||||||||||
||||||11,924|1,680|1,429|(975)|14,058|14,265|



## 

|ANALYSIS OF SUPPORT COST|S||||||
|---|---|---|---|---|---|---|
||||||Total|Total|
||Unrestricted|funds|Restricted|Endowment|funds|funds|
||General<br>Designated<br>E'000<br>f'000||Funds<br>E'000|Funds<br>f'000|2021<br>f'000|2020<br>E'000|
|Central support/administration|1,285||13||1,298|1,200|
|Governance:|||||||
|External audit of EDBF|23||||23|23|
|External audit of EDPS|3||||3|3|
|Registrar and Chancellor|85||||85|83|
|Synodical costs|20||||20|18|
||1,416||||1,429|1,327|





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|ANALYSIS OF GRANTS|ANALYSIS OF GRANTS|ANALYSIS OF GRANTS|ANALYSIS OF GRANTS|MADE|MADE|MADE||No.|Individuals|Institutions|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2021|2020|
||||||||||E'000|f'000|E'000|f'000|
|From<br>unrestricted<br>funds||||for||national|Church||||||
|responsibilities:|||||||||||||
|Contributions<br>to Archbishop's|||||Council|||||794|794|824|
|From unrestricted<br>funds:|||||||||||||
|Ordinands<br>in training||||||||24|82||82|132|
|Clergy ordination||||||||15|38||38|40|
|Clergy resettlement||||||||29|70||70|70|
|Clergy removals<br>Clergy 1"incumbency||||||||30<br>9|80<br>22||80<br>22|60<br>27|
|Churches together<br>in Devon||||||||1||5|5|5|
|Church schools —Repairs/improvement||||||||1||6|6|7|
|Support for lay workers||||||||4||16|16||
|Transforming<br>Plymouth||Together||||||1||15|15|10|
|Strategic Development||Fund-Plymouth||||||2||119|119|7|
|Partnership<br>in Mission|||||||||||||
|Other small grants||||||||35|12||21|18|
|Adjustments<br>for grants||not||claimed||||||||(2)|
|||||||||151|304|170|474|374|
|From<br>restricted<br>funds|||for||various||purposes||||||
|within<br>resourcing<br>parish||ministry:|||||||||||
|Cooper Legacy Fund||||||||||6|6|3|
|Cooper Armstrong<br>Legacy||||||||||3|3|8|
|Growth 8 Mission Fund||||||||||11|11|17|
|Repairs and Maintenance|||Grant|||||||3|3|15|
|Strategic Development|Fund||||||||||||
|Plymouth<br>Partnership||in|Mission|||||10||146|146|86|
|Exeter, St Matt's||||||||3||132|132|133|
|Bay Church||||||||1||111|111||
|Total||||||||20||412|412|262|
|Total||||||||177|304|1,376|1,680|1,460|





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|STAFF COSTS|STAFF COSTS||||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||E'000|E'000|
|Employee costs during||the year were as follows:|||||||||||||
|Wages a nd sa laries|||||||||||||1,934|2,009|
|National<br>insurance<br>contributions|||||||||||||187|190|
|Pension costs —current|||year||||||||||404|418|
||||||||||||||2,525|2,617|
|Pension costs —deficit|||(decrease)/increase|||||||||||(127)|
||||||||||||||2,525|2,490|
|The average|number of persons<br>employed||||||by the group during the year:||||||||
||||||||||||||2021|2020|
||||||||||||||Number|Number|
|Administration|and financial|||management|||||||||30|27|
|Grant funded|projects||||||||||||3|3|
|Property|||||||||||||4|4|
|Mission,<br>Ministry<br>and||Stewardship|||||||||||13|15|
|Safeguarding|||||||||||||4|3|
|Archdeacons'|staff||||||||||||1|5|
|Education<br>and Schools|||||||||||||10|12|
||||||||||||||65|69|
|The average|number|of persons|||employed||by the|group|during||the year||||
|based on full-time<br>equivalents:|||||||||||||||
||||||||||||||2021|2020|
||||||||||||||Number|Number|
|Administration|and financial|||management|||||||||23.9|22.8|
|Grant funded|projects||||||||||||2.8|2.5|
|Property<br>Mission,<br>Ministry<br>and||Stewardship|||||||||||3.4<br>10.0|3.2<br>11.7|
|Safeguarding|||||||||||||3.4|2.5|
|Archdeacons'|staff||||||||||||0.5|2.1|
|Education<br>and Schools|||||||||||||8.7|9.8|
||||||||||||||52.7|54.6|
|he numbers|ofstaff whose emoluments|||||(including||benefits||in kind, but excluding||pension|||
|ontributions)|amounted||to more||than E60,000were as follows:||||||||||
||||||||||||||2021|2020|
||||||||||||||Number|Number|





## 

## 

## 

## 



## 

## 

|13.STAFF COSTS (continued)|13.STAFF COSTS (continued)||||
|---|---|---|---|---|
|The following table gives details ofthose||trustees who were in receipt of a stipend||and/or|
|housing<br>and whether|this was provided|by EDBFduring 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 V Breed||Yes|Yes||
|The Ven D Dettmer||Yes|Yes||
|The Ven<br>N Shutt||Yes|No||
|The Rev A Atkins||Yes|Yes||
|The Rev D Bailey||Yes|Yes||
|The Rev N Debney||Yes|Yes||
|The Rev 5 Franklin||Yes|Yes||
|The Rev E Hobbs||Yes|Yes||
|The Rev P March||Yes|Yes||
|The Rev M Partridge||Yes|Yes||
|The Rev 5Stayte||Yes|Yes||
|The Rev J Taylor||Yes|Yes||
|The Rev Canon<br>Dr M Williams||No|No||



## 

||||2021|2020|
|---|---|---|---|---|
||||f'000|E'000|
|Stipends|||5,131|5,175|
|National|insurance|contributions|438|405|
|Pension|costs - current year||1,923|1,874|
||||7,492|7,454|
|Pension|costs -deficit reduction||(351)|(576)|
||||7,141|6,878|





## 

## 

## 

## 

|ANALYSIS OF TRANSFERS BETWEEN FUNDS|ANALYSIS OF TRANSFERS BETWEEN FUNDS|ANALYSIS OF TRANSFERS BETWEEN FUNDS|ANALYSIS OF TRANSFERS BETWEEN FUNDS|unrestricted|unrestricted|funds|Restricted|Endowment|
|---|---|---|---|---|---|---|---|---|
|||||General|Designated||Funds|Funds|
|||||E'000||E'000|E'000|E'000|
|Improvements|to Board properties|||(359)||284||75|
|From Glebe to General<br>Fund for stipends||||28|||(28)||
|From General|Fund to Clergy Housing|Repairs||(345)||345|||
|From General|Fund for Clergy Conference|||(30)||30|||
|From General|Fund to Miscellaneous|Designated|Funds||||||
|for Grants||||(28)||28|||
|||||(734)||687|(28)|75|



## 

## 

|INTANGIBLE FIXED AS|SETS|
|---|---|
||Website &|
||Software|
||E'000|
|Cost||
|At 1January 2021|81|
|Additions|33|
|At 31December 2021|114|
|Amortisation||
|At 1January 2021|24|
|Charge for the year|18|
|At 31December 2021|42|
|Net Book Value||
|At 31December 2021|72|
|At 31December 2020|57|





## 


|TANGIBLE FIXED ASSETS||||||
|---|---|---|---|---|---|
||Freehold|Office|Fixtures &|Motor|Total|
||Properties 8|Equipment|Fittings (inc.|Vehicles||
||Land||PV Panels|||
||E'000|E'000|E'000|E'000|E'000|
|Cost||||||
|At 1January 2021|58,290|290|369|10|58,959|
|Additions|358|8|||366|
|Disposals|(301)|||(10)|(311)|
|At 31December 2021|58,347|298|369||59,014|
|Depreciation||||||
|At 1January 2021||256|164|7|427|
|Disposals||||(7)|(7)|
|Charge for the year||18|14||32|
|At 31December 2021||274|178||452|
|Net BookValue||||||
|At 31December 2021|58,347|24|191||58,562|
|At 31December 2020|58,290|34|205||58,532|



## 

||Glebe Houses|Parsonage<br>Houses|Education<br>Property|Other Houses|Board Property|Total|
|---|---|---|---|---|---|---|
||(Endowment)|(Endowment)|(Endowment)|(Restricted)|(Designated/||
||||||Unrestricted)||
||E'000|E'000|E'000|E'000|E'000|E'000|
|At 1January 2021|11,571|25,340|119|367|20,893|58,290|
|Additions|10|64|||284|358|
|Disposa Is|(125)||||(176)|(301)|
|Transfers (note 14)|||||||
|At 31December 2021|11,456|25,404|119|367|21,001|58,347|





## 

## 

|||At|Additions|Disposals|Transfers|Change|in|At|
|---|---|---|---|---|---|---|---|---|
|||13anuary||||lvlarket||31December|
|||2021||||Value||2021|
|||E'000|E'000|E'000|E'000|E'000||E'000|
|Unrestricted|funds||||||||
|Listed investments||6,685|4,300|(302)||1,202||11,885|
|Unlisted<br>investments||5||||||5|
|||6,690|4,300|(302)||1,202||11,890|
|Restricted funds|||||||||
|Listed investments||2,939|730|(730)||364||3,303|
|Endowment|funds||||||||
|Investment|property|14,475||(264)||1,342||15,553|
|Listed investments||21,992|2,975|(2,975)||3,060||25,052|
|||36,467|2,975|(3,239)||4,402||40,605|
|Total EDBF||46,096|8,005|(4,271)||5,968||55,798|





## 

|FIXED ASSETS INVESTMENTS (continued)|FIXED ASSETS INVESTMENTS (continued)|||||
|---|---|---|---|---|---|
|The corresponding|historical cost figures are:|Group|EDBF|Group|EDSF|
|||2021|2021|2020|2020|
|||E'000|E'000|E'000|E'000|
|Unrestricted<br>funds||||||
|Listed investments||7,378|7,378|3,336|3,336|
|Unlisted<br>investments||5|5|5|5|
|||7,383|7,383|3,341|3,341|
|Restricted funds||||||
|Listed investments||1,800|1,800|1,797|1,797|
|Endowment<br>funds||||||
|Investment<br>property||3,355|3,355|3,418|3,418|
|Listed investments||12,861|12,861|12,914|12,914|
|||16,216|16,216|16,332|16,332|
|Total||25,399|25,399|21,470|21,470|





## 

## 

## 

## 

|DEBTORS —GROUP|and EDBF|and EDBF|and EDBF|Group|EDBF|Group|EDBF|
|---|---|---|---|---|---|---|---|
|||||2021|2021|2020|2020|
|||||E'000|E'000|E'000|E'000|
|Due within one year||||||||
|Loans to parishes||||115|115|82|82|
|Loan to St Mellitus<br>College||||40|40|||
|Common<br>Fund||||199|199|200|200|
|Gift aid from EDPS Ltd|||||71||56|
|Current account with subsidiary|||company||87||59|
|Department<br>for Education/||governors||700|700|650|650|
|P repayments||||200|200|194|194|
|Other debtors||||861|843|778|684|
|||||2,115|2,255|1,904|1,925|
|Due after more than one|year|||||||
|Loans to parishes||||61|61|76|76|
|Loan to St Mellitus<br>College||||||40|40|
|Other debtors and prepayments||||22|22|20|20|
|||||83|83|136|136|
|Total debtors||||2,198|2,338|2,040|2,061|
|CREDITORS: amounts||falling due within one year||||||
|||||Group|EDBF|Group|EDBF|
|||||2021|2021|2020|2020|
|||||E'000|E'000|E'000|E'000|
|Trade creditors||||94|94|71|71|
|Taxation and social security||||85|47|73|46|
|Other creditors and accruals||||962|959|887|887|
|Proceeds of property<br>sold by Board payable||||||||
|to external organisations||||51|51|51|51|
|Receipts in advance||||103|81|122|101|
|CBFLoans —Photovoltaic|Panels||(parsonagesj|34|34|34|34|
|Natwest<br>Loan —CBlLS||||133|133|133|133|
|Pension scheme liabilities||||||||
|Lay Defined Benefit Scheme||||||153|153|
|Clergy Pension Scheme||||350|350|619|619|
|Total creditors: amounts|falling||due within one year|1,812|1,749|2,143|2,095|





## 

## 

|REDITORS: amounts|f|alli|ng due|after mo|re than on|e year||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Group|EDBF||Group||EDBF|
|||||||2021|2021||2020||2020|
|||||||E'000|E'000||E'000||E'000|
|Loan repayment<br>instalments|||due after more than||one|||||||
|year||||||||||||
|CBFLoans —Photovoltaic||Panels (parsonages)||||34|34||69||69|
|Natwest<br>Loan —CBILS||||||1,733|1,733||1,867||1,867|
|Church Commissioners|value-linked|||loans||119|119||119||119|
|||||||1,886|1,886||2,055||2,055|
|Pension Scheme liabilities||||||||||||
|Lay Defined Benefits Scheme|||||||||822||822|
|Clergy Pension Scheme|||||||||75||75|
||||||||||897||897|
|Total creditors: amounts||falling due||after more|than|||||||
|one year||||||1,886|1,886||2,952||2,952|
|||||||||2021||2020||
|||||||||E'000||E'000||
|The maturity<br>ofthe above||loans may||be analysed|as follows:|||||||
|Between one and two years||||||||167||168||
|Between two and five years||||||||1,600||1,768||
|In five years and more||||||||119||119||
|||||||||1,886||2,055||





## 

## 

## 

## 

|||||Balances at 1|Income|Expenditure|Transfers|Gains and|Balances at 3J|
|---|---|---|---|---|---|---|---|---|---|
|||||January 2021||||Losses|December 202|
|||||E'000|f'000|E'000|E'000|f'000|E'000|
|UNRESTRICTED FUNDS||||||||||
|General||||8,021|11,591|(10,253)|(734)|1,189|9,814|
|Church<br>Buildings|Fund|||672||||13|685|
|Board Properties||||19,864|||284||20,148|
|Clergy Housing<br>Repairs||||220|||345||565|
|Diocesan Mission|Funds|||276|||||276|
|Clergy Conference|Fund|||127||(1)|30||156|
|Burrington<br>School|Fund|||27|||||34|
|Plymouth<br>SDF Project||||193||(119)|||74|
|Miscellaneous<br>Funds||||138|||28||166|
|||||21,517||(120)|687|13|22,104|
|RESTRICTED FUNDS||||||||||
|Diocesan Pastoral|Account|||3,791|82|(13)|||4,204|
|Diocesan Stipends|Income|||26|2,148|(2,146)|(28)|||
|Bampton School sale||||314|||||314|
|Agricultural/Rural||||10|||||10|
|Retired Clergy Housing||||231|8|||20|259|
|Growth 8 Mission|Fund|||1,023|1|(213)|||811|
|Strategic Development||Projects||8|595|(596)|||7|
|Ministerial<br>Education Training|||||311|(311)||||
|Strategic Ministry|Fund||||162|(162)||||
|Clergy Widows||||99|||||99|
|Cooper Legacy||||18||(2)|||16|
|Cooper Armstrong|Legacy|||6||(6)||||
|Miscellaneous<br>Restricted|||Funds|3|49|(29)|||23|
|||||5,529|3,356|(3,478)|(28)|364|5,743|
|ENDOWMENT<br>FUNDS||||||||||
|Permanent||||||||||
|Dr Nobbs||||81|||||92|
|Expendable||||||||||
|Diocesan Stipends|Capital|||40,830|504||10|3,871|45,215|
|Benefice Property||||26,668|49||65||26,782|
|Church Schools||||3,952||||416|4,368|
|The Church College Hostel|||Trust|780||||104|884|
|||||72,311|553||75|4,402|77,341|
|EDBFTotal funds||||107,378|15,507|(13,851)||5,968|115,002|
|Subsidiaries||||||||||
|General Funds||||||||||
|EDPS Lt(I|||||207|(207)||||
|Group Total||||107,387|15,714|(14,058)||5,968|115,011|





## 

## 

|22.|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||||1,023|11,779|(277)|(2,711)|9,814|
||Unrestricted<br>-designated|||||||||
||Church<br>Buildings|Fund|||||574||685|
||Board Properties||||20,265||2|(119)|20,148|
||Clergy Housing<br>Repairs||||||565||565|
||Diocesan Mission|Funds|||||279|(3)|276|
||Clergy Conference|Fund|||||156||156|
||Burrington<br>School Fund||||||34||34|
||Plymouth<br>SDF Project||||||74||74|
||Miscellaneous<br>Designated|||Funds|||166||166|
||||||20,265||1,850|(122)|22,104|
||Restricted|||||||||
||Diocesan PastoralAccount|||||3,128|1,077|(1)|4,204|
||Diocesan Stipends|Income|||||124|(124)||
||Bampton<br>School sale<br>Agricultural/Rural||||||314<br>10||314<br>10|
||Retired Clergy Housing<br>Growth<br>g. Mission<br>Fund||||346|175|(262)<br>816|(5)|259<br>811|
||Strategic Development||Fund projects||||37|(30)|7|
||Ministerial<br>Education<br>Training||||||139|(139)||
||Strategic Ministry<br>Clergy Widows<br>Cooper Legacy|Fund|||21||56<br>78<br>16|(56)|99<br>16|
||Cooper Armstrong|Legacy||||||||
||Miscellaneous<br>Restricted|||Funds|||117|(94)|23|
||||||367|3,303|2,522|(449)|5,743|
||Endowment|||||||||
||Permanent|||||||||
||Dr Nobbs|||||86|||92|
||Expendable|||||||||
||Diocesan Stipends|Capital|||11,456|35,947|(1,839)|(350)|45,215|
||Benefice Property||||25,404||1,381|(3)|26,782|
||Church Schools||||119|3,688|561||4,368|
||Church<br>College Hostel Trust|||||884|||884|
||||||36,979|40,605|110|(353)|77,341|
||Total EDBFfunds||||58,634|55,798|4,205|(3,635)|115,002|
||Subsidiaries|||||||||
||EDPS Ltd||||||72|(63)||
||Total Group funds||||58,634|55,798|4,277|(3,698)|115,011|





## 



## 

## 

|Diocesan Pastoral|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 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<br>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 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|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 2020to manage the grant||
|||||funding<br>received from the Archbishops'<br>Council to support the||
|||||appointment<br>ofadditional<br>stipendiary<br>curates.||
|Clergy widows||||This restricted<br>fund represents<br>properties<br>purchased<br>from||
|||||donations to provide for clergy widows.||





## 

## 

## 



## 

## 

## 

## 


## 

## 



## 

## 

## 



## 

## 

|%of pensionable|stipends|1January 2018to|1january 2021to|
|---|---|---|---|
|||31December 2020|31December 2022|
|Deficit repair contributions||11.9%|7.1%|





## 

## 

## 

|||2021|2020|
|---|---|---|---|
|Balance sheet liability at|1January|694,000|1,222,000|
|Deficit contribution<br>paid||(351,000)|(576,000)|
|Interest cost (recognised|in SOFA)|1,000|10,000|
|Remaining<br>change to the|balance sheet liability*|6,000|38,000|
|(recognised<br>in SOFA)||||
|Balance sheet liability at|31December|350,000|694,000|



||||December 2021||December|2020|December 2019|
|---|---|---|---|---|---|---|---|
|Discount rate|||0.0%pa||0.2%|pa|1.1%pa|
|Price inflation|||n/a||3.1%|pa|2.8% pa|
|Increase to total pensionable||payroll|-1.5% pa||1.6%|pa|1.3%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.|





## 

## 



## 

## 

## 

|||2021|2020|
|---|---|---|---|
|Balance sheet liability at|1January|975,000|1,081,000|
|Deficit contribution<br>paid|||(127,000)|
|Interest cost (recognised|in SOFA)|5,000|14,000|
|Remaining<br>change to the|balance sheet liability*|(980,000)|7,000|
|(recognised<br>in SOFA)||||
|Balance sheet liability at|31December||975,000|



|||December|2021|December 2020|December 2019|
|---|---|---|---|---|---|
|Discount|rate|0.00/o||0.50/o|1.40/o|



## 



## 

## 

## 



## 

## 

## 

|The f|inancial assets|h|eld<br>in this|way m|ay be summarised<br>a|s follows:||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E'000|E'000|
|CBFChurch of|England<br>Investment||Fund income|shares||14,821|13,011|
|CBFChurch of|England<br>Investment||Fund accumulation||shares|748|694|
|CBFChurch of|England<br>Fixed Interest Securities|||Fund shares||300|321|
|CBFChurch of|England<br>Property|Fund shares||||1,080|946|
|CBFGlobal Equity Income Fund||||||1,280|1,101|
|Charifund —Income Units||||||2,747|2,422|
|Charibond<br>Fixed Interest Income||||||8|8|
|Other common|investment<br>fund|holdings||||156|134|
|Direct holdings|in UK gilts|||||41|45|
|Other fixed interest stocks||||||6|22|
|CBFChurch of|England<br>Deposit Fund|||||1,238|2,446|
|Charles Stanley||||||812|772|
|Brewin Dolphin||||||1,400|1,261|
|Cash at bank||||||19|4|
|Total assets held as custodian trustee||||||24,656|23,187|





## 

## 

## 


## 

## 

## 

## 



## 

## 

||||2021|2020|
|---|---|---|---|---|
|Summary<br>profit|and loss account||E'000|E'000|
|Turnover|||273|204|
|Cost of sales|||(204)|(152)|
|Gross Profit|||69|52|
|Other operating|income||6|7|
|Administrative<br>expenses|||(3)|(3)|
|Operating<br>profit|||72|56|
|Gift made to parent company|||(72)|(56)|
|Loss after tax|||||
|Assets and liabilities|||||
|Current assets|||230|176|
|Current<br>liabilities|||(221)|(167)|
|Tota<br>I net assets|||||
|Capital and reserves|||||
|Issued share capital and retained||profit|||





## 

## 

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





## 

## 

## 

|||||Unrestricted|Unrestricted|funds|Restricted|Endowment|Total funds|
|---|---|---|---|---|---|---|---|---|---|
|||||General|Oesignated||Funds|Funds|2020|
|||||E'000||E'000|f'000|E'000|f'000|
|Current<br>Year assessments||||9,174|||||9,174|
|Shortfall<br>in contributions||||(871)|||||(871)|
|||||8,303|||||8,303|
|Receipts for previous|||years|24|||||24|
|Receipts for future years|||||5||||5|
|Total Income||||8,332|||||8,332|
|Archbishop's||Council||||||||
|||||Unrestricted||funds|Restricted|Endowment|Total|
||||||||||funds|
|||||General|Oesignated||Funds|Funds|2020|
|||||E'000||E'000|f'000|E'000|f'000|
|Lowest Income|||||||1,231||1,231|
|Communities|Funding|||||||||
|Transitional<br>funding||||105|||||105|
|Strategic Ministry||funding|||||58||58|
|Sustainability|funding|||350|||||350|
|||||455|||1,289||1,744|





## 

## 

## 

|Other Do||nations<br>and g|rants||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Total|
||||Unrestricted||funds|Restricted|Endowment|funds|
||||General|Designated||Funds|Funds|2020|
||||E'000||E'000|E'000|E'000|E'000|
|All Churches||Trust Grant|169|||||169|
|Donations|and grants||153||27|498||678|
|Resourcing||Ministerial||||286||286|
|Education|||||||||
||||322||27|784||1,133|



## 

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



## 

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





## 

## 

|INVEST|MENT INCOME||||||
|---|---|---|---|---|---|---|
|||||||Total|
|||Unrestricted|funds|Restricted|Endowment|funds|
|||General<br>Designated||Funds|Funds|2020|
|||E'000|E'000|f'000|f'000|f'000|
|Dividends|receivable|325||596||921|
|Interest receivable||6||||6|
|Rents receivable||||407||407|
|||331||1,003||1,334|



## 

|||||||Total|
|---|---|---|---|---|---|---|
||Unrestricted||funds|Restricted|Endowment|funds|
||General|Designated||Funds|Funds|2020|
||E'000||E'000|E'000|E'000|f'000|
|Gains on sale of|||||||
|Properties|973||||1,049|2,025|
||973||||1,049|2,025|



## 

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





## 

## 

## 

|HARITABLE ACT|I|VITIE|S|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||Total|
|||||Unrestricted||funds|Restricted|Endowment|funds|
|||||General|Designated||Funds|Funds|2020|
|||||E'000||E'000|E'000|E'000|E'000|
|Contributions<br>to||||||||||
|Archbishops'<br>Council||||||||||
|Training for Ministry||||346|||||346|
|National<br>Church||||||||||
|Responsibilities||||260|||||260|
|Grants and provisions||||29|||||29|
|Mission agency pension||||||||||
|Costs||||13|||||13|
|Retired clergy housing||||||||||
|Costs||||124|||||124|
|Pooling of ordinands'||||||||||
|maintenance<br>grants||||52|||||52|
|||||824|||||824|
|Resourcing<br>Ministry||and||||||||
|Mission||||||||||
|Parish Ministry||||||||||
|Stipends and national||||||||||
|Insurance||||3,346|||2,234||5,580|
|Pension costs||||1,241|||56||1,297|
|Housing costs||||1,987|||||1,987|
|Removal, resettlement||||||||||
|and grants||||198|||||198|
|Clergy Pension<br>Fund||Deficit||48|||||48|
|Other expenses||||278|||39||317|
|||||7,098|||2,329||9,427|
|Support for parish<br>ministry||||||||||
|Mission and Ministry||||1,077|||752||1,831|
|Church and Society||||52|||||52|
|Mission and Ministry||grants|||||16||16|
|Cooper Legacy grants|||||||3||3|
|Cooper Armstrong|Legacy||||||8||8|
|Support services||||1,325|||3||1,328|
|Lay Pension<br>Deficit|Fund|||21|||||21|
|||||2,475|||782||3,259|
|||||9,573|||3,111||12,686|
|Expenditure<br>on Education|||and|Church of England||Schools||||
|Support for church schools||||||||||
|and parishes||||526|||||526|
|||||10,923|||3,111||14,036|





## 

## 

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



## 

## 

|||||||||Pension||
|---|---|---|---|---|---|---|---|---|---|
||||||Activities|Grant||Deficit||
||||||Undertaken|Funding of|support|Fund|Total costs|
||||||Directly|Activities|Costs|Adjustment|2020|
||||||E'000|f'000|f'000|E'000|E'000|
|Raisings funds|||||229||||229|
|Charitable|activities:|||||||||
|Contributions||to Archbishop's||Council||824|||824|
|Resourcing||parish|ministry||10,701|636|1,328|21|12,686|
|Education|||||526||||526|
||||||11,456|1,460|1,328|21|14,265|



## 

|ANALYSIS OF SUPPORT|COSTS|||||
|---|---|---|---|---|---|
||||||Total|
||Unrestricted|funds|Restricted|Endowment|funds|
||General|Designated|Funds|Funds|2020|
||E'000|E'000|E'000|E'000|f'000|
|Central|1,198||||1,201|
|support/administration||||||
|Governance:||||||
|External audit of EDBF|23||||23|
|External audit of EDPS|3||||3|
|Registrar and Chancellor|83||||83|
|Synodical costs|18||||18|
||1,325||||1,328|





## 

## 

|A12.|ANALYSIS OF GRANTS MADE|ANALYSIS OF GRANTS MADE|ANALYSIS OF GRANTS MADE|ANALYSIS OF GRANTS MADE||Nbr.|Individuals|Institutions|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||||2020|
||||||||K'000|E'000|E'000|
||From unrestricted<br>funds||for|national|Church|||||
||responsibilities:|||||||||
||Contributions<br>to Archbishop's|||Council||||824|824|
||From unrestricted<br>funds:|||||||||
||Ordinands<br>in training|||||42|132||132|
||Clergy ordination|||||16|40||40|
||Clergy resettlement|||||28|70||70|
||Clergy removals<br>Clergy 1"incumbency|||||30<br>7|60<br>27||60<br>27|
||Churches togetherin<br>Devon|||||1|||5|
||Church schools —Repairs/improvements|||||1|||7|
||Church schools —Learn|Teach||Read||||||
||Mustard<br>Seed Fund|||||||||
||Unlimited<br>Church|||||||||
||Growth<br>and mission|||||3||17|17|
||Other small grants|||||28|14|13|27|
||Adjustments<br>for grants|not claimed||||||(2)|(2)|
|||||||157|344|40|384|
||From<br>restricted<br>funds||for|national|Church|||||
||responsibilities:|||||||||
||Contributions<br>to Archbishop's|||Council||||||
||From restricted<br>funds for||various purposes|||||||
||within<br>resourcing<br>parish ministry:|||||||||
||Cooper Legacy Fund|||||||3|3|
||Cooper Armstrong<br>Legacy|||||||8|8|
||Repairs and Maintenance||Grant|||||15|15|
||Strategic Development|Fund||||||||
||Plymouth<br>Partnership|in|Mission|||||93|93|
||Exeter, St Matt's|||||||133|133|
||Total|||||12||252|252|
||Total|||||175|344|1,116|1,460|





## 

## 

## 

|||||Balances at 1|Income|Expenditure|Transfers|Gains and|Balances a|
|---|---|---|---|---|---|---|---|---|---|
|||||January 2020||||Losses|31Decemb|
||||||||||2020|
|||||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)|200||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<br>School sale||||314|||||314|
|Agricultural/Rural||||10|||||10|
|Retired Clergy Housing||||231|7|||(7)|231|
|Growth R 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 Funds||||||||||
|EDPS Ltcl|||||155|(155)||||
|Group Total||||103,025|16,507|(14,265)||2,120|107,387|





## 

|A22.|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|4071|(3853)|8021|
||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|
||Agricultura<br>I/Rural||||||10||10|
||Retired Clergy Housing||||346|155|(270)||231|
||Growth 5 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|||81|
||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 Ltd||||||61|(52)||
||Total Group funds||||58,589|46,096|7,797|(5095)|107387|