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|||||Page No.|
|---|---|---|---|---|
|||||ofAnnual Report|
|Bishop's introduction|||||
|Annualreport|||||
|Objectives||||2|
|Strategic aims||||3|
|Financial<br>Executive Summary|||for the year 2021|4|
|2021 in context||||5|
|Activities and achievements||||7|
|Post Balance Sheet Event||||14|
|Future plans||||16|
|Financial review||||17|
|Principal<br>risks||||20|
|Structure<br>and governance||||21|
|Statement ofTrustees'||responsibilities||23|
|Administrative<br>details||||24|
|Independent<br>auditor's||report||26|
|Financial Statements|||||
|Statement offinancial|activities|||30|
|Income and expenditure||account||31|
|Balance sheet||||32|
|Cash flow statement||||33|
|Notes to the financial|statements|||35|





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||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|funds|funds|
|||||funds|funds|funds|2021|2020|
||||Note||||||
|Income and endowments||from:|||||||
|Donations<br>and legacies|||||||||
|- Common<br>Fund||||917,576|||917,576|912,771|
|- Archbishops'<br>Council grant||||172,836|||172,836|167,072|
|- Archbishops'<br>Council sustainability|||grant|||||210,000|
|- Other donations||||50,637|424,357||474,994|497,342|
|Charitable<br>activities|||||255,467||255,467|93,867|
|Investments||||172,272|151,129|1,064|324,465|339,636|
|Other||||10,222|||10,222|3,474|
|Total income||||1,323,543|830,953|1,064|2,155,560|222416|
|Expenditure<br>on:|||||||||
|Charitable<br>activities|||8/ 9|(1,606,301)|(778,200)||(2,384,501)|(2,074,586)|
|Net (deficit) / surplus before gain|||on investments|(282,758)|52,753|1,064|(228,941)|149,576|
|Net gain on fixed asset investments|||14|648,190||757,545|1,405,735|563,830|
|Net income<br>in year||||365,432|52,753|758,609|1,176,794|713,406|
|Transfers between|funds|||(12,695)|12,695||||
|Net movement<br>in funds||||352,737|65,448|758,609|1,176,794|713,406|
|Total funds brought|forward|||4,782,863|421,157|6,522,497|11,726,517|11,013,111|
|Total funds carried|forward||18|5,135,600|486,605|7,281,106|12,903,311|11,726,517|





## 

||||2021|2020|
|---|---|---|---|---|
|||Note|||
|Tota I income||8|2,154,496|2,224,162|
|Total expenditure|||(2,384,501)|(2,074,586)|
|Operating<br>(deficit) /|surplus||(230,005)|149,576|
|Netgain<br>on investments||14|648,190|268,820|
|Total comprehensive|income||418,185|418,396|





## 

## 

|||||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|---|---|
||||||Note|f|E|f|E|
|Fixed Assets||||||||||
|Tangible fixed assets|||||13||543,999||551,880|
|Investments|||||14||12,259,648||10,853,913|
||||||||12,803,647||11,405,793|
|Debtors|||||15|463,364||617,099||
|Short term|deposits||and cash at bank|||1,578,211||1,287,581||
|||||||2,041,575||1,904,680||
|Creditors: amounts|||falling|due within one year|16|(1,490,973)||(1,580,260)||
|Net current||assets|||||550,602||324,420|
|Total assets||less current||liabilities|||13,354,249||11,730,213|
|Creditors: amounts|||falling|due after one year|17||(450,938)||(3,696)|
|Net Assets|||||||12,903,311||11,726,517|
|Funds||||||||||
|Unrestricted||Funds||||||||
|- General||||||4,802,009||4,455,051||
|- Designated||Funds||||333,591||327,812||
||||||18||5,135,600||4,782,863|
|Restricted|Funds||||18||486,605||421,157|
|Endowment||Funds|||18||7,281,106||6,522,497|
||||||||12,903,311||11,726,517|





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## 

|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||f|f|f||f|
|Cash flows from operating<br>activities||||||||
|Net cash (outflow) / inflow from operating||activities||(481,221)|||165,776|
|Cash flows from investing<br>activities||||||||
|Interest and dividends<br>received|||324,465||339,636|||
|Proceeds from the sale of:||||||||
|Investments|||||500,000|||
|Purchase of:||||||||
|Tangible fixed assets|||(2,614)||(3,834)|||
|Reclassification<br>ofcurrent asset debtor as social investment|||||(200,000)|||
|Net cash provided<br>by investing<br>activities||||321,851|||635,802|
|Cash flows from financing<br>activities||||||||
|Cash inflow from new borrowing|||500,000|||||
|Repayment<br>of borrowing|||(50,000)|||||
|Net cash provided<br>by financing<br>activities||||450,000||||
|Change<br>In cash and cash equivalents|in the year|||290,630|||801,578|
|Cash and cash equivalents<br>at 1January||||1,287,581|||486,003|
|Cash and cash equivalents<br>at 31December||||1,578,211|||1,287,581|





## 

||||2021||2020|
|---|---|---|---|---|---|
|Reconciliation<br>ofnet income to net cash flow from operating||activities||||
|Net income before investment<br>gains for the|year||1,176,794||713,406|
|Adjustments<br>for:||||||
|Depreciation|||10,495||12,641|
|(Gain) on investments|||(1,405,735)||(563,830)|
|investment<br>income|||(324,465)||(339,636)|
|Decrease / (increase)<br>in debtors|||153,735||137,935|
|Increase /(decrease)<br>in creditors|||(92,045)||205,260|
|Net cash (outflow) / inflow from operating|activities||(481,221)||165,776|
||||2021||2020|
|Analysis of cash and cash equivalents||||||
|Short term deposits<br>and cash at bank|||1,578,211||1,287,581|
||||At 1||At 31|
||||lan 21|Cash flows|Dec 21|
|Analysis ofchanges<br>in net debt||||||
|Short term deposits<br>and cash at bank|||1,287,581|290,630|1,578,211|
|Loans falling due after more than one year||||(450,000)|(450,000)|
||||1,287,581|(159,370)|1,128,211|





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|3|Archbishops'|Council|income|income||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Designated|Restricted|Endowment|Total funds|
||||||funds|funds|funds|funds||
||||||2021|2021|2021|2021|2021|
||||||E|E|E|E|E|
||Lower income|communities||funds|172,836||||172,836|
||||||2020|2020|2020|2020|2020|
||||||E|E|E|E|E|
||Lower income|communities||funds|167,072||||167,072|
||Sustainability|grant|||210,000||||210,000|
||||||377,072||||377,072|



||||||Unrestricted|Designated|Restricted|Endowment|Total funds|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds||
||||||2021|2021|2021|2021|2021|
|Ordination<br>candidates||donations||||16,784|||16,784|
|Other donations|||||17,536|16,317|||33,853|
|Ministry<br>division|RME|Ordinands'||grant|||210,798||210,798|
|Digital Diocese (Allchurches|||grant)|||||||
|Strategic ministry|fund||||||159,071||159,071|
|Ministry<br>Expedence Scheme|||||||54,488||54,488|
||||||17,536|33,101|424,357||474,994|
||||||2020|2020|2020|2020|2020|
||||||E|E|E|E|E|
|Ordination<br>candidates||donations||||18,394|||18,394|
|Other donations|||||33,414|68,654|||102,068|
|Ministry<br>division|RME|Ordinands'||grant|||230,480||230,480|
|Digital Diocese (Allchurches|||grant)||||110,000||110,000|
|Strategic ministry|fund||||||36,400||36,400|
||||||33,414|87,048|376,880||497,342|





## 

## 

||||Unrestricted|Designated|Restricted|Endowment|Total funds|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds||
||||2021|2021|2021|2021|2021|
||||E|f|E|f|E|
|UKNSF|(FCDO)|grant|||255,467||255,467|
||||2020|2020|2020|2020|2020|
||||E|E|E|E|E|
|UKNSF|(FCDO)|grant|||93,867||93,867|



|||Unrestricted|Designated|Restricted|Endowment|Total funds|
|---|---|---|---|---|---|---|
|||funds|funds|funds|funds||
|||2021|2021|2021|2021|2021|
|||E|E|f|E|E|
|Income|from listed investments|163,847||151,129|1,064|316,040|
|Interest|receivable|8 425||||8,425|
|||172,272||151,129|1,064|324,465|
|||2020|2020|2020|2020|2020|
|||E|E|E|E|f|
|Income|from listed investments|173,798||149,627||323,425|
|Interest|receivable|16,211||||16,211|
|||190,009||149,627||339,636|



|Other|Income||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Endowment|Total funds|
|||funds|funds|funds|funds||
|||2021|2021|2021|2021|2021|
|||E|E|f|E|f|
|Sundry|income|10,222||||10,222|
|||2020<br>E|2020<br>E|2020<br>E|2020f|2020<br>f|
|Sundry|income|3,474||||3,474|





## 

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## 

||||Unrestricted<br>funds|Designated<br>funds|Restricted<br>funds|Endowment<br>funds|Total funds|
|---|---|---|---|---|---|---|---|
||||2021|2021|2021|2021|2021|
||||E|E|E|E|E|
|Ministry and mission costs|||718,564|100,280|393,252||1,212,096|
|Housing costs|||13,896||||13,896|
|Grants||||53,381|129,618||182,999|
|Chadtable|activities|||133,661|248,986||382,647|
|Allocated|support|costs|586,519||6,344||592,863|
||||1,318,979|287,322|778,200||2,384,501|
||||2020|2020|2020|2020|2020|
||||E|E|E|f.|E|
|Ministry and mission costs|||697,803|22,945|237,224||957,972|
|Housing costs|||8,718||||8,718|
|Grants|||11,287|32,748|145,129||189,164|
|Charitable|activities|||188,668|93,867||282,535|
|Allocated|support|costs|631628||4,569||636,197|
||||1,349~6|244,361|480,789||2,074,586|



## 

||||Activities|Grant||||
|---|---|---|---|---|---|---|---|
||||undertaken|funding of|Charitable|Support|Total funds|
||||directly|activities|activities|Costs||
||||2021|2021|2021|2021|2021|
||||E|E|E|E|E|
|Charitable||Activities||||||
|Ministry|and mission costs||1,212,096||129,618|592,862|1,934,576|
|Housing|||13,896||||13,896|
|Grants||||382,647|53,381||436,029|
||||1,225,992|382,647|182,999|592,862|2,384,501|
||||2020|2020|2020|2020|2020|
||||E|E|E|E|E|
|Charitable||Activities||||||
|Ministry|and mission costs||957,972||93,867|636,197|1,688,036|
|Housing|||8,718||||8,718|
|Grants||||377,832|||377,832|
||||966,690|377,832|93,867|636,197|2,074,586|





## 

## 

## 

|||||Unrestricted|Designated|Restricted||
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|Total funds|
|||||2021|2021|2021|2021|
|||||E|E||E|
|Central staff costs||||350,734|||350,734|
|Central office and premises||||62,942|||62,942|
|Depreciation||||10,495|||10,495|
|Legal and professional|fees|||84,361|||84,361|
|Trust management<br>costs||||||6,344|6,344|
|Other support costs||||48,264|||48,264|
|Governance||||||||
|Auditors fee:||||||||
|- Current year statutory|||audit|19,800|||19,800|
|- Non audit fee payroll||services||4,000|||4,000|
|Synod and Bishop's|Councii|||5,923|||5,923|
|||||586,519||6,344|592,863|
|||||2020|2020|2020|2020|
|||||E|E|E|E|
|Central staff costs||||359,278|||359,278|
|Central office and premises||||79,923|||79,923|
|Depreciation||||12,641|||12,641|
|Legal and professional|fees|||77,091|||77,091|
|Trust management<br>costs||||||4,569|4,569|
|Other support costs||||78,820|||78,820|
|Governance||||||||
|Auditors fee:||||||||
|- Current year statutory|||audit|14,760|||14,760|
|- Prior year statutory||auri't||1,200|||1,200|
|- Non audit fee payroll|||services|2,064|||2,064|
|Synod and Bishop's|Council|||5,851|||5,851|
|||||631,628||4,569|636,197|





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## 

|12|Analysis oftransfers between|Analysis oftransfers between|Analysis oftransfers between|funds||Unrestricted|Unrestricted|Funds|Restricted|
|---|---|---|---|---|---|---|---|---|---|
|||||||General|Designated||funds|
|||||||funds||funds||
|||||||2021||2021|2021|
|||||||E||E|E|
||Transfer from unrestricted||to designated||funds:|||||
||- Grants|||||(10,000)||10,000||
||- Hardship<br>Fund|||||(150,000)|150,000|||
||—Safeguarding|Past Case|review 2|||(100,000)|100,000|||
||Transfer from unrestn'cted||to restricted||funds;|||||
||—Digital Diocese|||||(12,695)|||12,695|
|||||||(272,695)|260,000||12,695|
|||||||Unrestricted||Funds|Restricted|
|||||||General|Designated||funds|
|||||||funds||funds||
|||||||2020||2020|2020|
|||||||E||E|E|
||Transfer from|unrestricted|to designated||funds:|||||
||- Ordination|Candidates|Fund|||(11,243)||11,243||
||- Hardship<br>Fund|||||(200,000)|200,000|||
||—Safeguarding|Past Case|review 2|||(25,000)||25,000||
|||||||(236,243)|236,243|||



|||Freehold|Leasehold|Equipment|Total|
|---|---|---|---|---|---|
|||E|E|E|E|
|Brought forward 1January 2021||685,012|53,390|40,322|778,724|
|Additions||||2,614|2,614|
|Disposals||||(749)|(749)|
|Carry forward|31December 2021|685,012|53390|42187|780 589|
|Depreciation||||||
|Brought forward 1January 2021||142,120|53,390|31,334|226,844|
|Depreciation|charge for the year|6,850||3,645|10,495|
|Written<br>back|on disposal|||(749)|(749)|
|Carry forward|31December 2021|148,970|53,390|34,230|236,590|
|Net book value||||||
|At 31December 2021||536,042||7,957|543,999|
|At 1January|2021|542,892||8,988|551,880|





## 

## 

## 

|Investments|||||
|---|---|---|---|---|
||||Social||
||Listed investments||investments|Total|
||Unrestricted|Restricted|Unrestricted||
||E|E|E||
|Brought forward 1January 2020|4,491,458|6,162,455|200,000|10,853,913|
|Net gain on investments|648,190|757,545||1,405,735|
|Carry forward 31December 2021|5,139,648|6,920,000|200,000|12,259,648|



|15|Debtors|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
||Amounts<br>due from chaplaincies|||125,000|125,000|
||Prepayments<br>and accrued income|||71,630|209,875|
||Other debtors|||266,734|282,224|
|||||463,364|617,099|
|16|Creditors:fallingdue|within 1year||||
|||||2021|2020|
|||||E|E|
||Amounts<br>owed to chaplaincies|||1,157,970|1,192,632|
||Other creditors|||73,945|105,217|
||Accruals and deferred|income||259,058|282,411|
|||||1,490,973|1,580,260|
|17|Creditors: falling due|after|more than 1year|||
|||||2021|2020|
|||||E|E|
||Loan (see note below)|||450,000||
||Pension deficit repayment||creditor (see note 26)|938|3,696|
|||||450,938|3,696|





## 

## 

|18(a) Summary<br>offund movements|18(a) Summary<br>offund movements|18(a) Summary<br>offund movements|18(a) Summary<br>offund movements|-current year|-current year||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Investment|||
||||||As||Grants &|gains and||As|
||||||at 1.1.21|Income|Expenditure|losses|Transfers|at 31.12.21|
|Unrestricted<br>Funds:||||||||E|E||
|General funds:|||||||||||
|Diocesan<br>Fund|||||4,455,051|1,290,442|(1,318,979)|648,190|(272,695)|4,802,009|
|Designated funds:|||||||||||
|Ordination<br>Candidates<br>Fund|||||51,274|16,784|(22,418)|||45,640|
|Mission Opportunities<br>Fund|||||194,497||(28,063)|||166,434|
|Hardship<br>Fund|||||79,986|16,317|(133,661)||150,000|112,642|
|Safeguarding<br>Past Case Review||||2|2,055||(100,280)||100,000|1,775|
|Diocesan grants|||||||(2,900)||10,000|7,100|
|Total Unrestricted<br>Funds|||||4,782,863|1p323~543|(lp606 301)|648,190|(12,695)|5,135,600|
|Restricted<br>funds|||||||||||
|Ackland Troyte Trust<br>(Pau)||||||1,303|(1,303)||||
|Ag Saints (Dresden) Trust|(Germany)|||||4,632|(4,632)||||
|Armstrong<br>Trust (Istanbul)|||||65,236|5,741|(5,292)|||65,684|
|Bagneres de Bigorre Fund|(France)|||||1,684|(1,684)||||
|Bertie Watson (Algarve)|||||86,430|13,855|(64,178)|||36,107|
|Clement Jones (Suffragan|Bishop)||||2,935|2,697|(922)|||4,710|
|Col Doughty<br>Wylie Fund (FCO)|||||15,050|10|(578)|||14,482|
|Crimean<br>Memorial<br>Church||(Istanbul)||||2,494|(2,494)||||
|Daphne<br>Willoughby<br>-Waters|||(Palma)||8,257|2,128|(5,106)|||5,279|
|Diocesan Development<br>Fund|||||66,895|14,625|(2,781)|||78,739|
|Emma Tebbs Trust (Rome)||||||3,638|(3,638)||||
|Frank Pratt Barlow<br>(Monte||Carlo!||||35,075|(1,765)|||33,310|
|Houlton<br>Fund (Malta)||||||1,203|(1,203)||||
|Undi ey Fund (Germany)||||||1,666|(1,666)||||
|MMS (Gibraltar & Marseilles)|||||(13,909)|10,045|(11,502)|||(15,366)|
|Overseas<br>Bishopdcs<br>Fund|||||20,122|6,055|(303)|||25,874|
|Philip Coleman Trust<br>(Palma)||||||1,303|(1,303)||||
|Riga Mission Trust|||||14,416|20,322|(9,134)|||25,603|
|Spicer Trust<br>(Needy clergy)|||||11,427|3,154|(1,494)|||13,087|
|St Andrew's<br>(Tangier)|||||4,642|14,014|(9,498)|||9,158|
|StGeorges (Berlin)||||||2,879|(2,879)||||
|Stephenson<br>Bequest<br>(Mal|age)|||||2,606|(2,606)||||
|Ministry<br>division<br>RME Ordinands'||||gran|29,656|210,798|(208,791)|||31,663|
|UKNSF (FCDO) grant||||||255,467|(248,986)|||6,481|
|Strategic ministry<br>fund||||||159,071|(157,071)|||2,000|
|Digital Diocese (Allchurches|||grant)||110,000||(6,832)||12,695|115,864|
|Ministry<br>Experience Scheme||||||54,488|(20,559)|||33,929|
||||||421,157|830,953|(778,200)||12,695|486,605|
|Balance c/f|||||5,204,020|2,154,496|(2,384,501)|648,190||5,622,205|





## 

## 

|18(a) Summary<br>offund movem|ents<br>-curre|nt year (cont|inued)|||||
|---|---|---|---|---|---|---|---|
||||||Investment|||
|||As||Grants &|gains and||As|
|||at 1.1.21|Income|Ex enditure|losses|Transfers|at 31.12.21|
|||E|E|||E|E|
|Balance c/f||5,204,020|2,154,496|(2,384,501)|648,190||5,622,205|
|Endowment<br>Funds:||||||||
|Ackland Troyte Trust<br>(Pau)||44,533|||6,403||50,936|
|All Saints (Dresden) Trust|(Germany)|159,260|||22,900||182,160|
|Armstrong<br>Trust (Istanbul)||156,853|||20,479||177,332|
|Bagneres de Bigorre Fund|(France)|48,010|||6,903||54,913|
|Bertie Watson<br>(Algarve)||532,104|||68,157||600,261|
|Clement )ones (Suffragan|Bishop)|93,461|||7,193||100,655|
|Col Doughty<br>Wylie Fund (FCO)||121,099|||13,452||134,551|
|Continental<br>Chaplaincies||1,139,363|||98,937||1,238,300|
|Crimean<br>Memorial<br>Church|(Istanbul)|85,797|||12,337||98,134|
|Daphne<br>Willoughby<br>- Waters (Palma)||117,323|1,064||11,663||130,050|
|Diocesan Development<br>Fund||410,419|||65,828||476,247|
|Emma Tebbs Trust (Rome)||125,174|||17,999||143,173|
|Frank Pratt Barlow (Monte|Carlo)|1,453,190|||216,439||1,669,629|
|Houlton<br>Endowment<br>Fund|(Malta)|41,384|||5,951||47,335|
|Lindiey Endowment<br>Fund (Germany)||57,306|||8,240||65,546|
|MMS (Gibraltar<br>& Marseilles)||371,395|||46,881||418,276|
|Overseas<br>Bishoprics<br>Fund||238,913|||29,953||268,865|
|Philip Coleman Trust<br>(Palma)||49,520|||(3,267)||46,253|
|Riga Mission Trust||505,500|||13,608||519,108|
|Spicer Trust<br>(Needy clergy)||31,522|||2,840||34,362|
|St Andrew's<br>(Tangier)||491,460|||69,327||560,787|
|St.George's<br>(Berlin)||157,046|||13,205||170,251|
|Stephenson<br>Bequest<br>(Malaga)||91,865|||2,117||93,982|
|||6,522A97|1,064||757,545||7,281,106|
|Totalfunds||11,726,517|2,155,560|(2,384,501)|1,405,735|-|12,903,311|





## 

## 

## 

## 



## 

## 

## 

## 

||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|18(b) Summary<br>offund movements-|||previous|year|||||||
|||||||||Investment|||
|||||As|||Grants &|gains and||As|
|||||at 1.1.20||Income|Expenditure|losses|Transfers|at 31.12.20|
|Unrestricted<br>Funds:||||||f|f|f|f|f|
|Generalfunds:|||||||||||
|Diocesan Fund||||4,255,170||1,516,740|(1,349,436)|268,820|(236,243)|4,455,051|
|Desienoted funds:|||||||||||
|Ordination<br>Candidates<br>Fund|||||44,187|18,394|(22,550)||11,243|51,274|
|Mission Opportunities<br>Fund|||||204,695||(10,198)|||194,497|
|Hardship<br>Fund||||||68,654|(188,668)||200,000|79,986|
|Safeguarding<br>Past Case Review 2|||||||(22,945)||25,000|2,055|
|Total Unrestricted<br>Funds||||4,504,052||1,603,788|(1,593,797)|268,820||4,782,863|
|Restricted funds|||||||||||
|Ackland Troyte Trust<br>(Pau)||||||1,250|( 1,250)||||
|All Saints (Dresden) Trust (Germany)||||||4,491|(4,491)||||
|Armstrong<br>Trust (Istanbul)|||||65,685|5,843|(6,292)|||65,236|
|Bagneres de Bigorre Fund (France)||||||1,347|(1,347)||||
|Bertie Watson<br>(Algarve)|||||96,567|13,936|(24,073)|||86,430|
|Clement Jones (Suffragan<br>Bishop)|||||1,802|2,836|( 1,703)|||2,935|
|Col Doughty Wylie Fund (FCO)|||||15,747|85|(782)|||15,050|
|Crimean<br>Memorial<br>Church<br>(Malta)|(Istanbul)|||||2,408|(2,408)||||
|Daphne<br>Willoughby-<br>Waters||(Palma)|||6,206|2,159|(108)|||8,257|
|Diocesan Development<br>Fund|||||65,250|15,626|(13,981)|||66,895|
|Emma Tebbs Trust (Rome)||||||3,513|(3,513)||||
|Frank Pratt Barlow<br>(Monte|Carlo)|||||34,982|(34,982)||||
|Houlton<br>Fund||||||1,161|(1,161)||||
|Undley<br>Fund (Germany)||||||1,608|(1,608)||||
|MMS (Gibraltar &Marseilles)||||(11,232)||9,814|(12,491)|||(13,909)|
|Overseas<br>Bishoprics<br>Fund|||||17,837|5,847|(3,562)|||20,122|
|Philip Coleman Trust<br>(Palma)||||||1,625|(1,625)||||
|Riga Mission Trust|||||12,867|18,717|(17,168)|||14,416|
|Spicer Trust<br>(Needy clergy)|||||8,584|2,993|(150)|||11,427|
|St Andrew's<br>(Tangier)|||||2,259|13,533|(11,150)|||4,642|
|StGeorges (Berlin)||||||2,819|(2,819)||||
|Stephenson<br>Bequest<br>(Malaga)||||||3,034|(3,034)||||
|Ministry<br>division<br>RME Ordinands'|||grant|||230,480|(200,824)|||29,656|
|UKNSF (FCDO) grant||||||93,867|(93,867)||||
|Strategic ministry<br>fund||||||36,400|(36,400)||||
|Digital Diocese (Allchurches||grant)||||110,000||||110,000|
|Total Restricted<br>Funds|||||281,572|620,374|(480,789)|||421,157|
|Balance c/f||||4|785624|2 224'162|(2~074586)|268,820||5,204,020|





## 

## 

|18(b) Summary<br>offund movements|- previous|year (continued)|year (continued)|||||
|---|---|---|---|---|---|---|---|
||||||Investment|||
|||As||Grants &|gains and||As|
|||at 1.1.20|Income|Ex enditure|losses|Transfers|at 31.12.20|
||||E|E|E|E||
|Balance c/f||4,785,624|2,224,162|(2,074,586)|268,820||5,204,020|
|Endowment<br>Funds:||||||||
|Ackland Troyte Trust<br>(Pau)||41,657|||2,876||44,533|
|All Saints (Dresden) Trust (Germany)||148,973|||10,287||159,260|
|Armstrong<br>Trust (Istanbul)||145,101|||11,752||156,853|
|Bagneres de Bigorre Fund (France)||44,909|||3,101||48,010|
|Bertie Watson<br>(Algarve)||501,487|||30,617||532,104|
|Clement Jones (Suffraga n 8ishop)||88,248|||5,213||93,461|
|Col Doughty<br>Wylie Fund (FCO)||132,695|||(11,596)||121,099|
|Continental<br>Chaplaincies||1,085,405|||53,958||1,139,363|
|Crimean<br>Memorial<br>Church<br>(Istanbul)||80,254|||5,543||85,797|
|Daphne<br>Willoughby<br>—Waters (Palma)||110,753|||6,570||117,323|
|Diocesan Development<br>Fund||384,086|||26,333||410,419|
|Emma Tebbs Trust(Rome)||117,089|||8,085||125,174|
|Frank Pratt Barlow<br>(Monte Carlo)||1,374,322|||78,868||1,453,190|
|Fioulton Endowment<br>Fund (Malta)||38,711|||2,673||41,384|
|Lindley Endowment<br>Fund (Germany)||53,605|||3,701||57,306|
|MMS (Gibraltar & Marseilles)||351,838|||19,557||371,395|
|Overseas<br>Blshoprics<br>Fund||225,458|||13,455||238,913|
|Philip Coleman Trust<br>(Palma)||47,857|||1,663||49,520|
|Rlga Mission Trust||526,638|||(21,138)||505,500|
|Splcer Trust<br>(Needy clergy)||29,640|||1,882||31,522|
|StAndrew's<br>(Tangier)||460,317|||31,143||491,460|
|St. George's (Berlin)||150,780|||6,266||157,046|
|Stephenson<br>Bequest<br>(Malaga)||87,664|||4,201||91,865|
|||6,227,487|||295,010||6,522,497|
|Total funds||11,013,111|2,224,162|(2,074,586)|563p830||11,726,517|





## 

## 

## 

|At 31December 20<br>follows:|21,|the DBFhad f|uture<br>minimum|payments<br>und|er non cancell|able<br>o|p|erating|lease as|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|Land and Buildings||||||||f|E|
||Not later than 1year|||||||30,000||
|Net assets by fund||||||||||
||Tangible fixed<br>assets||Investments|Current<br>assets|Current<br>liabilities|Amounts<br>falling due|||Total Funds|
|||||||after|1year|||
|||||||E||||
|2021||||||||||
|Unrestricted||||||||||
|General||543,999|5,339,648|860,272|(1,490,973)|(450,938)|||4,802,009|
|Designated||||333,591|||||333,591|
|Endowment|||6,920,000|361,106|||||7,281,106|
|Restdcted||||486,605|||||486,605|
|Total Funds||543,999|12,259,648|2,041,574|1,490,973)|450,938)|||12,903,311|
|Unrestricted||||||||||
|General||551,880|4,691,458|795,669|(1,580,260)||(3,696)||4,455,051|
|Designated||||327,812|||||327,812|
|Endowment|||6,162,455|360,042|||||6,522,497|
|Restricted||||421,157|||||421,157|
|Total Funds||551,8N|10,853,913|1,904,680|(1,5N, 260||(3,696)||11,726,517|



## 

## 

|Funds held|as custodian trustee|||
|---|---|---|---|
|||2021|2020|
|||E|E|
|investments|(at Market Value 31stDecember)|1,794,792|1,676,141|
|Cash on deposit||511,465|521,141|
|Total assets|held on behalf ofchaplaincies|2,306,257|2,197,282|





## 

## 

## 

## 

## 

## 



## 

## 

## 

|%ofpensionable|stipends|January 2018to|January<br>2021to|
|---|---|---|---|
|||December 2020|December 2022|
|Deficit repair contributions||11.9%|7.1%|





## 

## 

## 

|||2021|2020|
|---|---|---|---|
|Balance Sheet liability at|1lanuary|3,695|5,423|
|Deficit contribution<br>paid||(2,027)|(2,500)|
|Interest costs (recognised|in SOFA)||45|
|Remaining<br>change tothe|balance sheet liability *|(730)|727|
|Balance Sheet liability at|31December|937|3,695|





## 

## 

## 

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



## 



## 

## 

## 

## 



## 

## 

## 

||||||||Total|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|funds|
|||||funds|funds|funds|2020|
||||Note|f|f|f|f|
|Income and endowments|from:|||||||
|Donations<br>and legacies||||||||
|- Common<br>Fund||||912,771|||912,771|
|-Archbishops'<br>Council grant||||167,072|||167,072|
|-Archbishops'<br>Council sustainability||grant||210,000|||210,000|
|- Other donations||||120,462|376,880||497,342|
|Chaitabble<br>activities|||||93,867||93,867|
|Investments||||190,009|149,627||339,636|
|Other||||3,474|||3,474|
|Total income||||1,603,788|620,374||2,224,162|
|Expenditure<br>on:||||||||
|Charitable<br>activities|||8/ 9|(1,593,797)|(480,789)||(2,074,586)|
|Net surplus before gaIn|on Investments|||9,991|139,5$5||149,576|
|Net gain on fixed asset investments|||14|268,820||295,010|563,830|
|Net movement<br>in funds||||278,811|139,5$5|295,010|713,406|